Urban Outfitters (URBN) 10-Q 9 Jun 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2023	Jun. 05, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	URBN
Entity Registrant Name	Urban Outfitters, Inc.
Entity Central Index Key	0000912615
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Common Shares, par value $.0001 per share
Entity File Number	000-22754
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2003332
Entity Address, Address Line One	5000 South Broad Street
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19112-1495
City Area Code	215
Local Phone Number	454-5500
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		92,697,835

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2023	Jan. 31, 2023	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 171,655	$ 201,260	$ 71,640
Marketable securities	209,777	181,378	187,563
Accounts receivable, net of allowance for doubtful accounts of $1,453, $1,496 and $1,153, respectively	105,589	70,339	97,058
Inventory	590,326	587,510	629,953
Prepaid expenses and other current assets	223,894	197,232	221,905
Total current assets	1,301,241	1,237,719	1,208,119
Property and equipment, net	1,201,506	1,187,735	1,149,772
Operating lease right-of-use assets	921,893	959,436	967,639
Marketable securities	86,156	102,844	179,458
Deferred income taxes and other assets	281,874	195,178	137,322
Total Assets	3,792,670	3,682,912	3,642,310
Current liabilities:
Accounts payable	263,558	257,620	296,673
Current portion of operating lease liabilities	233,085	232,672	227,533
Accrued expenses, accrued compensation and other current liabilities	431,033	400,082	395,949
Total current liabilities	927,676	890,374	920,155
Non-current portion of operating lease liabilities	845,643	884,696	913,380
Deferred rent and other liabilities	168,669	115,159	112,854
Total Liabilities	1,941,988	1,890,229	1,946,389
Commitments and contingencies (see Note 12)
Shareholders’ equity:
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued	0	0	0
Common shares; $.0001 par value, 200,000,000 shares authorized,92,677,835, 92,180,709 and 94,434,621 shares issued and outstanding, respectively	9	9	9
Additional paid-in-capital	15,133	15,248	0
Retained earnings	1,878,878	1,826,061	1,740,508
Accumulated other comprehensive loss	(43,338)	(48,635)	(44,596)
Total Shareholders’ Equity	1,850,682	1,792,683	1,695,921
Total Liabilities and Shareholders’ Equity	$ 3,792,670	$ 3,682,912	$ 3,642,310

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2023	Jan. 31, 2023	Apr. 30, 2022
Statement Of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,453	$ 1,496	$ 1,153
Preferred shares, par value	$ 0.0001	$ 0.0001	$ 0.0001
Preferred shares, shares authorized	10,000,000	10,000,000	10,000,000
Preferred shares, shares issued	0	0	0
Common shares, par value	$ 0.0001	$ 0.0001	$ 0.0001
Common shares, shares authorized	200,000,000	200,000,000	200,000,000
Common shares, shares issued	92,677,835	92,180,709	94,434,621
Common shares, shares outstanding	92,677,835	92,180,709	94,434,621

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Income Statement [Abstract]
Net sales	$ 1,113,674	$ 1,051,934
Cost of sales	742,443	728,633
Gross profit	371,231	323,301
Selling, general and administrative expenses	299,848	277,064
Income from operations	71,383	46,237
Other income (loss), net	1,019	(1,989)
Income before income taxes	72,402	44,248
Income tax expense	19,585	12,715
Net income	$ 52,817	$ 31,533
Net income per common share:
Basic	$ 0.57	$ 0.33
Diluted	$ 0.56	$ 0.33
Weighted-average common shares outstanding:
Basic	92,474,688	95,479,927
Diluted	93,821,292	96,347,211

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 52,817	$ 31,533
Other comprehensive (loss) income:
Foreign currency translation	3,177	(14,389)
Change in unrealized gains (losses) on marketable securities, net of tax	2,120	(5,377)
Total other comprehensive (loss) income	5,297	(19,766)
Comprehensive income	$ 58,114	$ 11,767

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance at Jan. 31, 2022	$ 1,745,740	$ 10		$ 1,770,560	$ (24,830)
Beginning Balances (in shares) at Jan. 31, 2022		96,431,044
Comprehensive income	11,767			31,533	(19,766)
Share-based compensation	7,102		$ 7,102
Share-based awards (in shares)		669,683
Share repurchases	(68,688)	$ (1)	(7,102)	(61,585)
Share repurchases (in shares)		(2,666,106)
Ending Balance at Apr. 30, 2022	$ 1,695,921	$ 9		1,740,508	(44,596)
Ending Balances (in shares) at Apr. 30, 2022	94,434,621	94,434,621
Beginning Balance at Jan. 31, 2023	$ 1,792,683	$ 9	15,248	1,826,061	(48,635)
Beginning Balances (in shares) at Jan. 31, 2023	92,180,709	92,180,709
Comprehensive income	$ 58,114			52,817	5,297
Share-based compensation	7,735		7,735
Share-based awards (in shares)		790,388
Share repurchases	(7,850)		(7,850)
Share repurchases (in shares)		(293,262)
Ending Balance at Apr. 30, 2023	$ 1,850,682	$ 9	$ 15,133	$ 1,878,878	$ (43,338)
Ending Balances (in shares) at Apr. 30, 2023	92,677,835	92,677,835

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Cash flows from operating activities:
Net income	$ 52,817	$ 31,533
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	23,879	26,702
Non-cash lease expense	50,859	47,980
Provision for deferred income taxes	2,457	7,420
Share-based compensation expense	7,735	7,102
Amortization of tax credit investment	3,976	0
Loss on disposition of property and equipment, net	222	85
Changes in assets and liabilities:
Receivables	(35,030)	(34,109)
Inventory	(1,649)	(64,511)
Prepaid expenses and other assets	(35,045)	(22,913)
Payables, accrued expenses and other liabilities	22,257	(15,184)
Operating lease liabilities	(56,201)	(63,662)
Net cash (used in) provided by operating activities	36,277	(79,557)
Cash flows from investing activities:
Cash paid for property and equipment	(32,904)	(73,723)
Cash paid for marketable securities	(74,101)	(18,703)
Sales and maturities of marketable securities	69,456	106,043
Initial cash payment for tax credit investment	(20,000)	0
Net cash provided by (used in) investing activities	(57,549)	13,617
Cash flows from financing activities:
Share repurchases related to share repurchase program	0	(62,052)
Share repurchases related to taxes for share-based awards	(7,850)	(6,636)
Tax credit investment liability payments	(468)	0
Net cash used in financing activities	(8,318)	(68,688)
Effect of exchange rate changes on cash and cash equivalents	(15)	(307)
Decrease in cash and cash equivalents	(29,605)	(134,935)
Cash and cash equivalents at beginning of period	201,260	206,575
Cash and cash equivalents at end of period	171,655	71,640
Supplemental cash flow information:
Cash paid during the year for income taxes	1,115	1,476
Non-cash investing activities—Accrued capital expenditures	19,529	23,914
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	19,698	30,558
Non-cash investing activities-Accrued tax credit investment installments	$ 62,120	$ 0

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These condensed financial statements should be read in conjunction with Urban Outfitters, Inc.’s (the “Company’s”) Annual Report on Form 10-K for the fiscal year ended January 31, 2023, filed with the United States Securities and Exchange Commission on April 3, 2023. The Company’s business experiences seasonal fluctuations in net sales and net income, with a more significant portion typically realized in the second half of each year predominantly due to the year-end holiday period. Historically, and consistent with the retail industry, this seasonality also impacts our working capital requirements, particularly with regard to inventory. Accordingly, the results of operations for the three months ended April 30, 2023 are not necessarily indicative of the results to be expected for the full year. The Company’s fiscal year ends on January 31. All references in these notes to the Company’s fiscal years refer to the fiscal years ended on January 31 in those years. For example, the Company’s fiscal year 2024 will end on January 31, 2024. Recent Accounting Pronouncements The Company has considered all new accounting standards updates issued by the Financial Accounting Standards Board (“FASB”) and has concluded that there are no recent accounting standard updates that will have a material impact on its consolidated financial statements and related disclosures.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Apr. 30, 2023
Revenue From Contract With Customer [Abstract]
Revenue from Contract with Customers	. Revenue from Contracts with Customers Contract receivables occur when the Company satisfies all of its performance obligations under a contract and recognizes revenue prior to billing or receiving consideration from a customer for which it has an unconditional right to payment. Contract receivables arise from credit card, debit card and alternative payment method transactions throughout all segments and sales to the Company’s Wholesale segment customers and franchisees. For the three month period ended April 30, 2023, the opening and closing balances of contract receivables, net of allowance for doubtful accounts, were $ 70,339 and $ 105,589 , respectively. For the three month period ended April 30, 2022, the opening and closing balances of contract receivables, net of allowance for doubtful accounts, were $ 63,760 and $ 97,058 , respectively. Contract receivables are included in “Accounts receivable, net of allowance for doubtful accounts” in the Condensed Consolidated Balance Sheets. Contract liabilities represent unearned revenue and result from the Company receiving consideration in a contract with a customer for which it has not satisfied all of its performance obligations. The Company’s contract liabilities result from customer deposits, customer loyalty programs and the issuance of gift cards. Gift cards are expected to be redeemed within two years of issuance, with the majority of redemptions occurring in the first year. For the three month period ended April 30, 2023, the opening and closing balances of contract liabilities were $ 82,867 and $ 76,750 , respectively. For the three month period ended April 30, 2022, the opening and closing balances of contract liabilities were $ 78,717 and $ 71,590 , respectively. Contract liabilities are included in “Accrued expenses, accrued compensation and other current liabilities” in the Condensed Consolidated Balance Sheets. During the three month period ended April 30, 2023, the Company recognized $ 17,788 of revenue that was included in the contract liability balance at the beginning of the period. During the three month period ended April 30, 2022, the Company recognized $ 18,340 of revenue that was included in the contract liability balance at the beginning of the period.

Marketable Securities

Marketable Securities	3 Months Ended
	Apr. 30, 2023
Investments Debt And Equity Securities [Abstract]
Marketable Securities	3. Marketable Securities During all periods shown, marketable securities are classified as available-for-sale. The amortized cost, gross unrealized gains (losses) and fair value of available-for-sale securities by major security type and class of security as of April 30, 2023, January 31, 2023 and April 30, 2022 were as follows: Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value As of April 30, 2023 Short-term Investments: Corporate bonds $ 86,052 $ 1 $ ( 1,214 ) $ 84,839 Municipal and pre-refunded municipal bonds 45,467 — ( 547 ) 44,920 Commercial paper 35,874 — — 35,874 US Treasury securities 22,903 1 ( 16 ) 22,888 Federal government agencies 21,284 — ( 28 ) 21,256 211,580 2 ( 1,805 ) 209,777 Long-term Investments: Corporate bonds 42,823 17 ( 2,141 ) 40,699 Municipal and pre-refunded municipal bonds 19,071 5 ( 906 ) 18,170 Federal government agencies 14,340 9 ( 37 ) 14,312 Mutual funds, held in rabbi trust 12,656 132 ( 62 ) 12,726 Certificates of deposit 249 — — 249 89,139 163 ( 3,146 ) 86,156 $ 300,719 $ 165 $ ( 4,951 ) $ 295,933 As of January 31, 2023 Short-term Investments: Corporate bonds $ 83,184 $ — $ ( 947 ) $ 82,237 Municipal and pre-refunded municipal bonds 48,141 — ( 688 ) 47,453 Commercial paper 21,636 — — 21,636 US Treasury securities 23,561 1 ( 10 ) 23,552 Federal government agencies 6,501 — ( 1 ) 6,500 183,023 1 ( 1,646 ) 181,378 Long-term Investments: Corporate bonds 62,594 22 ( 3,319 ) 59,297 Municipal and pre-refunded municipal bonds 23,437 5 ( 1,154 ) 22,288 Federal government agencies 9,021 13 ( 2 ) 9,032 Mutual funds, held in rabbi trust 13,402 — ( 1,424 ) 11,978 Certificates of deposit 249 — — 249 108,703 40 ( 5,899 ) 102,844 $ 291,726 $ 41 $ ( 7,545 ) $ 284,222 Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value As of April 30, 2022 Short-term Investments: Corporate bonds $ 85,474 $ — $ ( 857 ) $ 84,617 Municipal and pre-refunded municipal bonds 86,134 — ( 633 ) 85,501 Commercial paper 7,789 — — 7,789 US Treasury securities 9,749 — ( 93 ) 9,656 189,146 — ( 1,583 ) 187,563 Long-term Investments: Corporate bonds 117,403 — ( 4,904 ) 112,499 Municipal and pre-refunded municipal bonds 53,928 — ( 2,081 ) 51,847 Federal government agencies 350 — ( 12 ) 338 US Treasury securities 3,226 — ( 138 ) 3,088 Mutual funds, held in rabbi trust 12,393 — ( 956 ) 11,437 Certificates of deposit 249 — — 249 187,549 — ( 8,091 ) 179,458 $ 376,695 $ — $ ( 9,674 ) $ 367,021 Proceeds from the sales and maturities of available-for-sale securities were $ 69,456 and $ 106,043 for the three months ended April 30, 2023 and 2022, respectively. The Company included in “Other income (loss), net,” in the Condensed Consolidated Statements of Income, a net realized gain of $ 1 and a net realized loss of $ 112 for the three months ended April 30, 2023 and 2022, respectively. Amortization of discounts and premiums, net, was $ 278 and $ 1,657 for the three months ended April 30, 2023 and 2022, respectively. Amortization of discounts and premiums, net, is included in “Other income (loss), net” in the Condensed Consolidated Statements of Income. Mutual funds represent assets held in an irrevocable rabbi trust for the Company’s Non-qualified Deferred Compensation Plan (“NQDC”). These assets are a source of funds to match the funding obligations to participants in the NQDC but are subject to the Company’s general creditors. The Company elected the fair value option for financial assets for the mutual funds held in the rabbi trust resulting in all unrealized gains and losses being recorded in “Other income (loss), net” in the Condensed Consolidated Statements of Income.

Fair Value

Fair Value	3 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value	. Fair Value The Company utilizes a hierarchy that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques (market approach, income approach and cost approach that relate to its financial assets and financial liabilities). The levels of the hierarchy are described as follows: • Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. • Level 3: Unobservable inputs that reflect the Company’s own assumptions. Management’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of financial assets and liabilities and their placement within the fair value hierarchy. The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below: Marketable Securities Fair Value as of April 30, 2023 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 125,538 $ — $ 125,538 Municipal and pre-refunded municipal bonds — 63,090 — 63,090 Commercial paper — 35,874 — 35,874 Federal government agencies — 35,568 — 35,568 US Treasury securities — 22,888 — 22,888 Mutual funds, held in rabbi trust 12,726 — — 12,726 Certificates of deposit — 249 — 249 $ 12,726 $ 283,207 $ — $ 295,933 Marketable Securities Fair Value as of January 31, 2023 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 141,534 $ — $ 141,534 Municipal and pre-refunded municipal bonds — 69,741 — 69,741 Commercial paper — 21,636 — 21,636 Federal government agencies — 15,532 — 15,532 US Treasury securities — 23,552 — 23,552 Mutual funds, held in rabbi trust 11,978 — — 11,978 Certificates of deposit — 249 — 249 $ 11,978 $ 272,244 $ — $ 284,222 Marketable Securities Fair Value as of April 30, 2022 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 197,116 $ — $ 197,116 Municipal and pre-refunded municipal bonds — 137,348 — 137,348 Commercial paper — 7,789 — 7,789 Federal government agencies 338 — 338 US Treasury securities — 12,744 — 12,744 Mutual funds, held in rabbi trust 11,437 — — 11,437 Certificates of deposit — 249 — 249 $ 11,437 $ 355,584 $ — $ 367,021 Financial assets Level 1 assets consist of financial instruments whose value has been based on inputs that use, as their basis, readily observable market data that are actively quoted and are validated through external sources, including third-party pricing services and brokers. Level 2 assets consist of financial instruments whose value has been based on quoted prices for similar assets and liabilities in active markets as well as quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3 assets consist of financial instruments where there has been no active market. The Company held no Level 3 financial instruments as of April 30, 2023, January 31, 2023 and April 30, 2022. The fair value of cash and cash equivalents (Level 1) approximates carrying value since cash and cash equivalents consist of short-term highly liquid investments with maturities of less than three months at the time of purchase. As of April 30, 2023, January 31, 2023 and April 30, 2022, cash and cash equivalents included cash on hand, cash in banks, money market accounts and marketable securities with maturities of less than three months at the time of purchase. Non-financial assets The Company’s non-financial assets, primarily consisting of property and equipment and lease-related right-of-use assets are tested for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. The fair value of property and equipment was determined using a discounted cash-flow model that utilized Level 3 inputs. The Company’s retail locations are reviewed for impairment at the retail location level, which is the lowest level at which individual cash flows can be identified. In calculating future cash flows, the Company makes estimates regarding future operating results based on its experience and knowledge of market factors in which the retail location is located. Right-of-use assets are tested for impairment in the same manner as property and equipment. For lease right-of-use assets, the Company determines the estimated fair value of the assets by comparing the discounted contractual rent payments to estimated market rent using an acceptable valuation methodology.

Debt

Debt	3 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
Debt	5. Debt On February 10, 2023, the Company and certain of its subsidiaries entered into the fourth amendment (the “Fourth Amendment”) to the Company’s amended and restated credit agreement (the “Amended Credit Agreement”), amending the Company’s asset-based revolving credit facility with its lenders, including JPMorgan Chase Bank, N.A., as administrative agent, joint lead arranger and co-book managers along with Wells Fargo Bank, National Association. The Fourth Amendment permits the Company to purchase an equity membership interest in a federal low-income housing tax credit entity (the "Amended Credit Facility"). See Note 6, "Tax Credit Investment," for further discussion of the investment. The Amended Credit Facility provides for loans and letters of credit up to $ 350,000 , subject to a borrowing base that is comprised of the Company’s eligible accounts receivable and inventory and includes a swing-line sub-facility, a multicurrency sub-facility and the option to expand the facility by up to $ 150,000 . Borrowings under the Amended Credit Facility may be used for working capital and other general corporate purposes. The Amended Credit Facility matures in June 2027. The Amended Credit Facility provides for interest on borrowings, at the Company’s option, at either (i) adjusted SOFR, CDOR, SONIA or EURIBOR plus an applicable margin ranging from 1.125 % to 1.375 %, or (ii) an adjusted ABR plus an applicable margin ranging from 0.125 % to 0.375 %, each such applicable margin depending on the level of availability under the Amended Credit Facility. Depending on the type of borrowing, interest on the Amended Credit Facility is payable monthly, quarterly or at the end of the applicable interest period. A commitment fee of 0.20 % is payable quarterly on the unused portion of the Amended Credit Facility. All obligations under the Amended Credit Facility are unconditionally guaranteed by the Company and certain of its U.S. subsidiaries. The obligations under the Amended Credit Facility are secured by a first-priority security interest in inventory, accounts receivable and certain other assets of the Company and certain of its U.S. subsidiaries. The obligations of URBN Canada Retail, Inc. are secured by a first-priority security interest in its inventory, accounts receivable and certain other assets. The Amended Credit Agreement contains customary representations and warranties, negative and affirmative covenants and provisions relating to events of default. As of April 30, 2023, the Company had $ 0 in borrowings under the Amended Credit Facility. As of April 30, 2023, the Company was in compliance with the terms of the Amended Credit Agreement and expects to remain in compliance with all terms, including covenants, of the Amended Credit Agreement. Outstanding stand-by letters of credit, which reduce the funds available under the Amended Credit Facility, were $ 13,552 . Interest expense for the Amended Credit Facility was $ 239 and $ 257 for the three months ended April 30, 2023 and 2022, respectively, which was included in “Other income (loss), net” in the Condensed Consolidated Statements of Income.

Tax Credit Investments

Tax Credit Investments	3 Months Ended
	Apr. 30, 2023
Investment Owned, Balance [Abstract]
Tax Credit Investments	6. Tax Credit Investment On February 10, 2023, the Company committed $ 100,000 to purchase an equity membership interest in a federal low-income housing tax credit entity. An initial payment of $ 20,000 was paid at closing with the remaining balance payable in quarterly installments over a five-year period beginning in fiscal 2024. The present value of such payments was $ 62,120 and was recorded as an increase to the initial tax credit investment asset and liability. In exchange for the total payments of $ 100,000 , the Company expects to realize a comparable amount of tax credits and other tax benefits that will reduce its future federal income tax payments. Although the investment vehicle is considered a variable interest entity, the Company is not the primary beneficiary, and therefore, the investment is not consolidated. The Company has elected to use the practical expedient method of amortization, which approximates the proportional amortization method, to amortize the investment to income tax expense in proportion to the tax credits received over an estimated 10-year tax credit period beginning in the first quarter of fiscal 2024. During the three months ended April 30, 2023, interest expense related to the accretion of the liability was $ 2,159 and a net benefit of $ 1,796 was included in “Income tax expense” in the Condensed Consolidated Statements of Income. The carrying value of the investment is recorded in "Deferred income taxes and other assets" in the Condensed Consolidated Balance Sheets. The liabilities for the present value of the estimated future capital contributions are recorded in "Accrued expenses, accrued compensation and other current liabilities" and "Deferred rent and other liabilities" in the Condensed Consolidated Balance Sheets. The following table summarizes the balances related to the investment at April 30, 2023: April 30, 2023 Deferred income taxes and other assets $ 78,143 Accrued expenses, accrued compensation and other current liabilities 5,193 Deferred rent and other liabilities 56,459

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Apr. 30, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	. Share-Based Compensation The Company maintains stock incentive plans pursuant to which it can grant restricted shares, unrestricted shares, incentive stock options, non-qualified stock options, restricted stock units (“RSUs”), performance stock units (“PSUs”) or stock appreciation rights. The fair value of PSUs and RSUs is equal to the stock price on the date of the grant. Share-based compensation expense included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Income, for the three months ended April 30, 2023 and 2022, was as follows: Three Months Ended April 30, 2023 2022 Performance Stock Units $ 1,320 $ 1,137 Restricted Stock Units 6,415 5,965 Total $ 7,735 $ 7,102 Share-based awards granted and the weighted-average fair value of such awards for the three months ended April 30, 2023 was as follows: April 30, 2023 Weighted- Awards Average Fair Granted Value Performance Stock Units 160,887 $ 26.96 Restricted Stock Units 891,029 $ 26.96 Total 1,051,916 During the three months ended April 30, 2023, 131,248 PSUs vested and 659,140 RSUs vested. The total unrecognized compensation cost related to outstanding share-based awards and the weighted-average period in which the cost is expected to be recognized as of April 30, 2023 was as follows: April 30, 2023 Unrecognized Weighted- Compensation Average Cost Years Performance Stock Units $ 8,962 2.3 Restricted Stock Units 47,705 2.3 Total $ 56,667

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Apr. 30, 2023
Equity [Abstract]
Shareholders' Equity	8 . Shareholders’ Equity Share repurchase activity under the Company’s share repurchase programs was as follows: Three Months Ended April 30, 2023 2022 Number of common shares repurchased and subsequently retired — 2,422,058 Total cost $ — $ 62,052 Average cost per share, including commissions $ — $ 25.62 On August 22, 2017, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program; all shares were repurchased and the authorization was completed by the end of June 2022. On June 4, 2019, the Company’s Board of Directors authorized the repurchase of an additional 20,000,000 common shares under a share repurchase program. As of April 30, 2023, 19,156,390 common shares were remaining under the program. During the three months ended April 30, 2023, the Company acquired and subsequently retired 293,262 common shares at a total cost of $ 7,850 from employees to meet payroll tax withholding requirements on vested awards. During the three months ended April 30, 2022, the Company acquired and subsequently retired 244,048 common shares at a total cost of $ 6,636 from employees to meet payroll tax withholding requirements on vested awards.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss	3 Months Ended
	Apr. 30, 2023
Equity [Abstract]
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss	9 . Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss The following tables present the changes in “Accumulated other comprehensive loss,” by component, net of tax, for the three months ended April 30, 2023 and 2022: Three Months Ended April 30, 2023 Unrealized Gains Foreign and (Losses) on Currency Available-for- Translation Sale Securities Total Balance at beginning of period $ ( 42,824 ) $ ( 5,811 ) $ ( 48,635 ) Other comprehensive 3,177 2,119 5,296 Amounts reclassified — 1 1 Net current-period other 3,177 2,120 5,297 Balance at end of period $ ( 39,647 ) $ ( 3,691 ) $ ( 43,338 ) Three Months Ended April 30, 2022 Unrealized Gains Foreign and (Losses) on Currency Available-for- Translation Sale Securities Total Balance at beginning of period $ ( 22,204 ) $ ( 2,626 ) $ ( 24,830 ) Other comprehensive ( 14,389 ) ( 5,265 ) ( 19,654 ) Amounts reclassified — ( 112 ) ( 112 ) Net current-period other ( 14,389 ) ( 5,377 ) ( 19,766 ) Balance at end of period $ ( 36,593 ) $ ( 8,003 ) $ ( 44,596 ) All unrealized gains and losses on available-for-sale securities reclassified from accumulated other comprehensive loss were recorded in “Other income (loss), net” in the Condensed Consolidated Statements of Income.

Net Income per Common Share

Net Income per Common Share	3 Months Ended
	Apr. 30, 2023
Earnings Per Share [Abstract]
Net Income per Common Share	10. Net Income per Common Share The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income per common share: Three Months Ended April 30, 2023 2022 Basic weighted-average common shares 92,474,688 95,479,927 Effect of dilutive options, performance stock units 1,346,604 867,284 Diluted weighted-average shares outstanding 93,821,292 96,347,211 For the three months ended April 30, 2023 and 2022, awards to purchase 120,000 common shares ranging in price from $ 28.47 to $ 46.42 and 200,000 common shares ranging in price from $ 28.47 to $ 46.42 , respectively, were excluded from the calculation of diluted net income per common share because the impact would be anti-dilutive. Excluded from the calculation of diluted net income per common share as of April 30, 2023 and April 30, 2022, were 272,554 and 197,501 performance-based equity awards, respectively, because they did not meet the required performance criteria.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 31, 2023
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies The Company is party to various legal proceedings arising from normal business activities. Management believes that the ultimate resolution of these matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 30, 2023
Segment Reporting [Abstract]
Segment Reporting	12. Segment Reporting The Company offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands. The Company operates three reportable segments – “Retail,” “Wholesale” and “Nuuly.” The Company’s Retail segment consists of the Anthropologie, Free People, FP Movement, Terrain and Urban Outfitters brands. The Company has aggregated its brands into the Retail segment based upon their shared management, customer base and economic characteristics. Reporting in this format provides management with the financial information necessary to evaluate the success of the segments and the overall business. The Company’s Retail segment omni-channel strategy enhances its customers’ brand experience by providing a seamless approach to the customer shopping experience. All available Company-owned Retail segment shopping channels are fully integrated, including retail locations, websites, mobile applications, catalogs and customer contact centers. The Company’s Wholesale segment consists of the Free People, FP Movement and Urban Outfitters brands. The Wholesale segment sells through department and specialty stores worldwide, digital businesses and the Retail segment. The Nuuly segment consists of the Nuuly brand, which offers customers a more sustainable way to explore fashion. Nuuly Rent is a monthly women’s apparel subscription rental service. The Company evaluates the performance of each segment based on the net sales and income from operations (excluding intercompany charges) of the segment. The Company accounts for intersegment sales and transfers as if the sales and transfers were made to third parties making similar volume purchases. Corporate expenses include expenses incurred and directed by the corporate office that are not allocated to segments. The principal identifiable assets for the Retail and Wholesale segments are inventory and property and equipment. The principal identifiable assets for the Nuuly segment are rental product and property and equipment. The accounting policies of the reportable segments are the same as the policies described in Note 2, “Summary of Significant Accounting Policies,” in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2023. All of the Company’s segments are highly diversified. No one customer constitutes more than 10% of the Company’s total consolidated net sales. A summary of the information about the Company’s operations by segment is as follows: Three Months Ended April 30, 2023 2022 Net sales Retail operations $ 1,004,101 $ 963,435 Wholesale operations 63,415 69,071 Nuuly operations 51,470 22,849 Intersegment elimination ( 5,312 ) ( 3,421 ) Total net sales $ 1,113,674 $ 1,051,934 Income from operations Retail operations $ 83,230 $ 55,541 Wholesale operations 6,659 9,705 Nuuly operations ( 271 ) ( 3,751 ) Intersegment elimination ( 346 ) 413 Total segment operating income 89,272 61,908 General corporate expenses ( 17,889 ) ( 15,671 ) Total income from operations $ 71,383 $ 46,237 April 30, January 31, April 30, 2023 2023 2022 Inventory Retail operations $ 543,968 $ 529,853 $ 569,845 Wholesale operations 46,358 57,657 60,108 Total inventory $ 590,326 $ 587,510 $ 629,953 Rental product, net (1) Nuuly operations $ 100,642 $ 90,934 $ 42,598 Total rental product, net $ 100,642 $ 90,934 $ 42,598 (1) Rental product, net is included in "Deferred income taxes and other assets" in the Condensed Consolidated Balance Sheets. Property and equipment, net Retail operations $ 1,145,834 $ 1,138,487 $ 1,117,689 Wholesale operations 888 990 1,293 Nuuly operations 54,784 48,258 30,790 Total property and equipment, net $ 1,201,506 $ 1,187,735 $ 1,149,772 The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category and by segment: Three Months Ended April 30, 2023 2022 Net sales Apparel $ 685,085 68 % $ 638,975 66 % Home 150,224 15 % 162,810 17 % Accessories 121,711 12 % 113,842 12 % Other 47,081 5 % 47,808 5 % Retail operations 1,004,101 100 % 963,435 100 % Apparel 52,621 91 % 59,512 91 % Accessories 5,321 9 % 5,963 9 % Other 161 0 % 175 0 % Wholesale operations (1) 58,103 100 % 65,650 100 % Nuuly operations 51,470 22,849 Total net sales $ 1,113,674 $ 1,051,934 (1) Net of intersegment elimination. The Apparel category includes intimates and activewear. The Home category includes home furnishings, electronics, gifts and decorative items. The Accessories category includes footwear, jewelry and handbags. The Other category includes beauty and shipping and handling. The Company historically presented the merchandise categories on a company-wide basis. The Company has updated the presentation of the above tables to include a summary of net sales and percentage of net sales by both merchandise category and by segment. Prior year amounts have been reclassified to conform to the current year presentation. The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows: April 30, January 31, April 30, 2023 2023 2022 Property and equipment, net Domestic operations $ 1,045,656 $ 1,033,926 $ 983,569 Foreign operations 155,850 153,809 166,203 Total property and equipment, net $ 1,201,506 $ 1,187,735 $ 1,149,772 Three Months Ended April 30, 2023 2022 Net Sales Domestic operations $ 979,606 $ 913,564 Foreign operations 134,068 138,370 Total net sales $ 1,113,674 $ 1,051,934

Marketable Securities (Tables)

Marketable Securities (Tables)	3 Months Ended
	Apr. 30, 2023
Investments Debt And Equity Securities [Abstract]
Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities	The amortized cost, gross unrealized gains (losses) and fair value of available-for-sale securities by major security type and class of security as of April 30, 2023, January 31, 2023 and April 30, 2022 were as follows: Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value As of April 30, 2023 Short-term Investments: Corporate bonds $ 86,052 $ 1 $ ( 1,214 ) $ 84,839 Municipal and pre-refunded municipal bonds 45,467 — ( 547 ) 44,920 Commercial paper 35,874 — — 35,874 US Treasury securities 22,903 1 ( 16 ) 22,888 Federal government agencies 21,284 — ( 28 ) 21,256 211,580 2 ( 1,805 ) 209,777 Long-term Investments: Corporate bonds 42,823 17 ( 2,141 ) 40,699 Municipal and pre-refunded municipal bonds 19,071 5 ( 906 ) 18,170 Federal government agencies 14,340 9 ( 37 ) 14,312 Mutual funds, held in rabbi trust 12,656 132 ( 62 ) 12,726 Certificates of deposit 249 — — 249 89,139 163 ( 3,146 ) 86,156 $ 300,719 $ 165 $ ( 4,951 ) $ 295,933 As of January 31, 2023 Short-term Investments: Corporate bonds $ 83,184 $ — $ ( 947 ) $ 82,237 Municipal and pre-refunded municipal bonds 48,141 — ( 688 ) 47,453 Commercial paper 21,636 — — 21,636 US Treasury securities 23,561 1 ( 10 ) 23,552 Federal government agencies 6,501 — ( 1 ) 6,500 183,023 1 ( 1,646 ) 181,378 Long-term Investments: Corporate bonds 62,594 22 ( 3,319 ) 59,297 Municipal and pre-refunded municipal bonds 23,437 5 ( 1,154 ) 22,288 Federal government agencies 9,021 13 ( 2 ) 9,032 Mutual funds, held in rabbi trust 13,402 — ( 1,424 ) 11,978 Certificates of deposit 249 — — 249 108,703 40 ( 5,899 ) 102,844 $ 291,726 $ 41 $ ( 7,545 ) $ 284,222 Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value As of April 30, 2022 Short-term Investments: Corporate bonds $ 85,474 $ — $ ( 857 ) $ 84,617 Municipal and pre-refunded municipal bonds 86,134 — ( 633 ) 85,501 Commercial paper 7,789 — — 7,789 US Treasury securities 9,749 — ( 93 ) 9,656 189,146 — ( 1,583 ) 187,563 Long-term Investments: Corporate bonds 117,403 — ( 4,904 ) 112,499 Municipal and pre-refunded municipal bonds 53,928 — ( 2,081 ) 51,847 Federal government agencies 350 — ( 12 ) 338 US Treasury securities 3,226 — ( 138 ) 3,088 Mutual funds, held in rabbi trust 12,393 — ( 956 ) 11,437 Certificates of deposit 249 — — 249 187,549 — ( 8,091 ) 179,458 $ 376,695 $ — $ ( 9,674 ) $ 367,021

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Financial Assets Measured at Fair Value on Recurring Basis	The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below: Marketable Securities Fair Value as of April 30, 2023 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 125,538 $ — $ 125,538 Municipal and pre-refunded municipal bonds — 63,090 — 63,090 Commercial paper — 35,874 — 35,874 Federal government agencies — 35,568 — 35,568 US Treasury securities — 22,888 — 22,888 Mutual funds, held in rabbi trust 12,726 — — 12,726 Certificates of deposit — 249 — 249 $ 12,726 $ 283,207 $ — $ 295,933 Marketable Securities Fair Value as of January 31, 2023 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 141,534 $ — $ 141,534 Municipal and pre-refunded municipal bonds — 69,741 — 69,741 Commercial paper — 21,636 — 21,636 Federal government agencies — 15,532 — 15,532 US Treasury securities — 23,552 — 23,552 Mutual funds, held in rabbi trust 11,978 — — 11,978 Certificates of deposit — 249 — 249 $ 11,978 $ 272,244 $ — $ 284,222 Marketable Securities Fair Value as of April 30, 2022 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 197,116 $ — $ 197,116 Municipal and pre-refunded municipal bonds — 137,348 — 137,348 Commercial paper — 7,789 — 7,789 Federal government agencies 338 — 338 US Treasury securities — 12,744 — 12,744 Mutual funds, held in rabbi trust 11,437 — — 11,437 Certificates of deposit — 249 — 249 $ 11,437 $ 355,584 $ — $ 367,021

Tax Credit Investments (Tables)

Tax Credit Investments (Tables)	3 Months Ended
	Apr. 30, 2023
Investment Owned, Balance [Abstract]
Tax credit investment balances measured on recurring basis	The following table summarizes the balances related to the investment at April 30, 2023: April 30, 2023 Deferred income taxes and other assets $ 78,143 Accrued expenses, accrued compensation and other current liabilities 5,193 Deferred rent and other liabilities 56,459

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Apr. 30, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income	Share-based compensation expense included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Income, for the three months ended April 30, 2023 and 2022, was as follows: Three Months Ended April 30, 2023 2022 Performance Stock Units $ 1,320 $ 1,137 Restricted Stock Units 6,415 5,965 Total $ 7,735 $ 7,102
Schedule of Share Based Awards Issued and Weighted Average Fair Value	Share-based awards granted and the weighted-average fair value of such awards for the three months ended April 30, 2023 was as follows: April 30, 2023 Weighted- Awards Average Fair Granted Value Performance Stock Units 160,887 $ 26.96 Restricted Stock Units 891,029 $ 26.96 Total 1,051,916
Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition	The total unrecognized compensation cost related to outstanding share-based awards and the weighted-average period in which the cost is expected to be recognized as of April 30, 2023 was as follows: April 30, 2023 Unrecognized Weighted- Compensation Average Cost Years Performance Stock Units $ 8,962 2.3 Restricted Stock Units 47,705 2.3 Total $ 56,667

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Apr. 30, 2023
Equity [Abstract]
Share Repurchase Activity	Share repurchase activity under the Company’s share repurchase programs was as follows: Three Months Ended April 30, 2023 2022 Number of common shares repurchased and subsequently retired — 2,422,058 Total cost $ — $ 62,052 Average cost per share, including commissions $ — $ 25.62

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Apr. 30, 2023
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax	The following tables present the changes in “Accumulated other comprehensive loss,” by component, net of tax, for the three months ended April 30, 2023 and 2022: Three Months Ended April 30, 2023 Unrealized Gains Foreign and (Losses) on Currency Available-for- Translation Sale Securities Total Balance at beginning of period $ ( 42,824 ) $ ( 5,811 ) $ ( 48,635 ) Other comprehensive 3,177 2,119 5,296 Amounts reclassified — 1 1 Net current-period other 3,177 2,120 5,297 Balance at end of period $ ( 39,647 ) $ ( 3,691 ) $ ( 43,338 ) Three Months Ended April 30, 2022 Unrealized Gains Foreign and (Losses) on Currency Available-for- Translation Sale Securities Total Balance at beginning of period $ ( 22,204 ) $ ( 2,626 ) $ ( 24,830 ) Other comprehensive ( 14,389 ) ( 5,265 ) ( 19,654 ) Amounts reclassified — ( 112 ) ( 112 ) Net current-period other ( 14,389 ) ( 5,377 ) ( 19,766 ) Balance at end of period $ ( 36,593 ) $ ( 8,003 ) $ ( 44,596 )

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
	Apr. 30, 2023
Earnings Per Share [Abstract]
Reconciliation of Weighted Average Common Shares Outstanding Used for Computation of Basic and Diluted Net Income per Common Share	The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income per common share: Three Months Ended April 30, 2023 2022 Basic weighted-average common shares 92,474,688 95,479,927 Effect of dilutive options, performance stock units 1,346,604 867,284 Diluted weighted-average shares outstanding 93,821,292 96,347,211

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 30, 2023
Segment Reporting [Abstract]
Schedule of Operations by Segment	A summary of the information about the Company’s operations by segment is as follows: Three Months Ended April 30, 2023 2022 Net sales Retail operations $ 1,004,101 $ 963,435 Wholesale operations 63,415 69,071 Nuuly operations 51,470 22,849 Intersegment elimination ( 5,312 ) ( 3,421 ) Total net sales $ 1,113,674 $ 1,051,934 Income from operations Retail operations $ 83,230 $ 55,541 Wholesale operations 6,659 9,705 Nuuly operations ( 271 ) ( 3,751 ) Intersegment elimination ( 346 ) 413 Total segment operating income 89,272 61,908 General corporate expenses ( 17,889 ) ( 15,671 ) Total income from operations $ 71,383 $ 46,237 April 30, January 31, April 30, 2023 2023 2022 Inventory Retail operations $ 543,968 $ 529,853 $ 569,845 Wholesale operations 46,358 57,657 60,108 Total inventory $ 590,326 $ 587,510 $ 629,953 Rental product, net (1) Nuuly operations $ 100,642 $ 90,934 $ 42,598 Total rental product, net $ 100,642 $ 90,934 $ 42,598 (1) Rental product, net is included in "Deferred income taxes and other assets" in the Condensed Consolidated Balance Sheets. Property and equipment, net Retail operations $ 1,145,834 $ 1,138,487 $ 1,117,689 Wholesale operations 888 990 1,293 Nuuly operations 54,784 48,258 30,790 Total property and equipment, net $ 1,201,506 $ 1,187,735 $ 1,149,772
Schedule of Net Sales and Percentage of Net Sales by Merchandise Category	The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category and by segment: Three Months Ended April 30, 2023 2022 Net sales Apparel $ 685,085 68 % $ 638,975 66 % Home 150,224 15 % 162,810 17 % Accessories 121,711 12 % 113,842 12 % Other 47,081 5 % 47,808 5 % Retail operations 1,004,101 100 % 963,435 100 % Apparel 52,621 91 % 59,512 91 % Accessories 5,321 9 % 5,963 9 % Other 161 0 % 175 0 % Wholesale operations (1) 58,103 100 % 65,650 100 % Nuuly operations 51,470 22,849 Total net sales $ 1,113,674 $ 1,051,934
Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment	The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows: April 30, January 31, April 30, 2023 2023 2022 Property and equipment, net Domestic operations $ 1,045,656 $ 1,033,926 $ 983,569 Foreign operations 155,850 153,809 166,203 Total property and equipment, net $ 1,201,506 $ 1,187,735 $ 1,149,772 Three Months Ended April 30, 2023 2022 Net Sales Domestic operations $ 979,606 $ 913,564 Foreign operations 134,068 138,370 Total net sales $ 1,113,674 $ 1,051,934

Revenue from Contracts with C_2

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Jan. 31, 2023	Jan. 31, 2022
Revenue From Contract With Customer [Abstract]
Contract receivables, net of allowance for doubtful accounts	$ 105,589	$ 97,058	$ 70,339	$ 63,760
Gift cards expected redemption period	2 years
Contract liabilities	$ 76,750	71,590	$ 82,867	$ 78,717
Revenue recognized included in contract liability	$ 17,788	$ 18,340

Marketable Securities - Amortiz

Marketable Securities - Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities (Detail) - USD ($) $ in Thousands	Apr. 30, 2023	Jan. 31, 2023	Apr. 30, 2022
Schedule of Available-for-sale Securities [Line Items]
Short-term Investments, Fair Value	$ 209,777	$ 181,378	$ 187,563
Long-term Investments, Fair Value	86,156	102,844	179,458
Amortized Cost	300,719	291,726	376,695
Unrealized Gains	165	41	0
Unrealized (Losses)	(4,951)	(7,545)	(9,674)
Fair Value	295,933	284,222	367,021
Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	211,580	183,023	189,146
Unrealized Gains	2	1	0
Unrealized (Losses)	(1,805)	(1,646)	(1,583)
Fair Value	209,777	181,378	187,563
Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	89,139	108,703	187,549
Unrealized Gains	163	40	0
Unrealized (Losses)	(3,146)	(5,899)	(8,091)
Fair Value	86,156	102,844	179,458
Corporate Bonds | Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	86,052	83,184	85,474
Unrealized Gains	1
Unrealized (Losses)	(1,214)	(947)	(857)
Fair Value	84,839	82,237	84,617
Corporate Bonds | Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	42,823	62,594	117,403
Unrealized Gains	17	22
Unrealized (Losses)	(2,141)	(3,319)	(4,904)
Fair Value	40,699	59,297	112,499
Municipal and Pre-Refunded Municipal Bonds | Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	45,467	48,141	86,134
Unrealized Gains
Unrealized (Losses)	(547)	(688)	(633)
Fair Value	44,920	47,453	85,501
Municipal and Pre-Refunded Municipal Bonds | Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	19,071	23,437	53,928
Unrealized Gains	5	5
Unrealized (Losses)	(906)	(1,154)	(2,081)
Fair Value	18,170	22,288	51,847
Commercial Paper | Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	35,874	21,636	7,789
Unrealized Gains
Unrealized (Losses)
Fair Value	35,874	21,636	7,789
US Treasury Securities | Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	22,903	23,561	9,749
Unrealized Gains	1	1
Unrealized (Losses)	(16)	(10)	(93)
Fair Value	22,888	23,552	9,656
US Treasury Securities | Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost			3,226
Unrealized Gains
Unrealized (Losses)			(138)
Fair Value			3,088
Federal Government Agencies | Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	21,284	6,501
Unrealized Gains
Unrealized (Losses)	(28)	(1)
Fair Value	21,256	6,500
Federal Government Agencies | Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	14,340	9,021	350
Unrealized Gains	9	13
Unrealized (Losses)	(37)	(2)	(12)
Fair Value	14,312	9,032	338
Mutual Funds, Held in Rabbi Trust | Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,656	13,402	12,393
Unrealized Gains	132
Unrealized (Losses)	(62)	(1,424)	(956)
Fair Value	12,726	11,978	11,437
Certificates of Deposit | Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	249	249	249
Unrealized Gains
Unrealized (Losses)
Fair Value	$ 249	$ 249	$ 249

Marketable Securities - Additio

Marketable Securities - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Schedule of Available-for-sale Securities [Line Items]
Sales and maturities of marketable securities	$ 69,456	$ 106,043
Amortization of discounts and premiums, net	278	1,657
Other (Loss) Income, Net
Schedule of Available-for-sale Securities [Line Items]
Net realized gain (loss)	$ 1	$ 112

Financial Assets Measured at Fa

Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Apr. 30, 2023	Jan. 31, 2023	Apr. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 295,933	$ 284,222	$ 367,021
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	295,933	284,222	367,021
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	12,726	11,978	11,437
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	283,207	272,244	355,584
Fair Value, Measurements, Recurring | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	125,538	141,534	197,116
Fair Value, Measurements, Recurring | Corporate Bonds | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	125,538	141,534	197,116
Fair Value, Measurements, Recurring | Municipal and Pre-Refunded Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	63,090	69,741	137,348
Fair Value, Measurements, Recurring | Municipal and Pre-Refunded Municipal Bonds | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	63,090	69,741	137,348
Fair Value, Measurements, Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	22,888	23,552	12,744
Fair Value, Measurements, Recurring | US Treasury Securities | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis			0
Fair Value, Measurements, Recurring | US Treasury Securities | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	22,888	23,552
Fair Value, Measurements, Recurring | Mutual Funds, Held in Rabbi Trust
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	12,726	11,978	11,437
Fair Value, Measurements, Recurring | Mutual Funds, Held in Rabbi Trust | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	12,726	11,978	11,437
Fair Value, Measurements, Recurring | Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	35,874	21,636	7,789
Fair Value, Measurements, Recurring | Commercial Paper | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	35,874	21,636	7,789
Fair Value, Measurements, Recurring | Federal Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	35,568	15,532	338
Fair Value, Measurements, Recurring | Federal Government Agencies | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	35,568	15,532	338
Fair Value, Measurements, Recurring | Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	249	249	249
Fair Value, Measurements, Recurring | Certificates of Deposit | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 249	$ 249	$ 249

Debt - Additional Information (

Debt - Additional Information (Detail) - Third Amended Credit Agreement - USD ($) $ in Thousands		3 Months Ended
	Feb. 10, 2023	Apr. 30, 2023	Apr. 30, 2022
Line Of Credit Facility [Line Items]
Line of credit outstanding		$ 0
Stand-by letters of credit
Line Of Credit Facility [Line Items]
Letter of credit outstanding		13,552
JPMorgan Chase Bank N. A. | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Credit facility maximum borrowing capacity	$ 350,000
Additional line of credit facility	$ 150,000
Commitment fee percentage	0.20%
Interest expense		$ 239	$ 257
JPMorgan Chase Bank N. A. | Revolving Credit Facility | Adjusted SOFR, CDOR,SONIA or EURIBOR | Minimum
Line Of Credit Facility [Line Items]
Applicable margin	1.125%
JPMorgan Chase Bank N. A. | Revolving Credit Facility | Adjusted SOFR, CDOR,SONIA or EURIBOR | Maximum
Line Of Credit Facility [Line Items]
Applicable margin	1.375%
JPMorgan Chase Bank N. A. | Revolving Credit Facility | Adjusted Bounce Rate | Minimum
Line Of Credit Facility [Line Items]
Applicable margin	0.125%
JPMorgan Chase Bank N. A. | Revolving Credit Facility | Adjusted Bounce Rate | Maximum
Line Of Credit Facility [Line Items]
Applicable margin	0.375%

Tax Credit Investments (Additio

Tax Credit Investments (Additional Information) (Details) - USD ($) $ in Thousands		3 Months Ended
	Feb. 10, 2023	Apr. 30, 2023	Apr. 30, 2022
Summary of Investment Holdings [Line Items]
Investments description		An initial payment of $20,000 was paid at closing with the remaining balance payable in quarterly installments over a five-year period beginning in fiscal 2024.
Accrued Tax Credit Investment Installments		$ 62,120	$ 0
Income tax expense		19,585	$ 12,715
Tax Credit Investment Entity [Member]
Summary of Investment Holdings [Line Items]
Membership interest amount	$ 100,000
Payments to acquire investments	$ 20,000
Accrued Tax Credit Investment Installments		62,120
Tax credit investment period	10 years
Interest expense		2,159
Federal low housing tax credit entity [Member]
Summary of Investment Holdings [Line Items]
Income tax expense		$ 1,796

Tax Credit Investments - Summar

Tax Credit Investments - Summary of balances related to Investment (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jan. 31, 2023	Apr. 30, 2022
Tax Credit Carryforward [Line Items]
Accrued expenses, accrued compensation and other current liabilities	$ 431,033	$ 400,082	$ 395,949
Tax Credit Investment Entity [Member]
Tax Credit Carryforward [Line Items]
Deferred income taxes and other assets	78,143
Accrued expenses, accrued compensation and other current liabilities	5,193
Deferred rent and other liabilities	$ 56,459

Share-Based Compensation Expens

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 7,735	$ 7,102
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1,320	1,137
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 6,415	$ 5,965

Schedule of Share Based Awards

Schedule of Share Based Awards Issued and Weighted Average Fair Value (Detail)	3 Months Ended
	Apr. 30, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	1,051,916
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	160,887
Weighted Average Fair Value | $ / shares	$ 26.96
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	891,029
Weighted Average Fair Value | $ / shares	$ 26.96

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail)	3 Months Ended
	Apr. 30, 2023 shares
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units vested	131,248
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units vested	659,140

Schedule of Unrecognized Compen

Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition (Detail) $ in Thousands	3 Months Ended
	Apr. 30, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 56,667
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 8,962
Weighted Average Years	2 years 3 months 18 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 47,705
Weighted Average Years	2 years 3 months 18 days

Share Repurchase Activity (Deta

Share Repurchase Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Equity, Class of Treasury Stock [Line Items]
Total cost	$ 7,850	$ 68,688
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Number of common shares repurchased and subsequently retired	0	2,422,058
Total cost	$ 0	$ 62,052
Average cost per share, including commissions	$ 0	$ 25.62

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Jun. 04, 2019	Aug. 22, 2017
Equity, Class of Treasury Stock [Line Items]
Common shares authorized for repurchase, shares			20,000,000	20,000,000
Remaining common shares authorized for repurchase, shares	19,156,390
Stock repurchased and retired during period, total cost	$ 7,850	$ 68,688
Employee Stock
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period shares	293,262	244,048
Stock repurchased and retired during period, total cost	$ 7,850	$ 6,636

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	$ 1,792,683	$ 1,745,740
Total other comprehensive (loss) income	5,297	(19,766)
Ending Balance	1,850,682	1,695,921
Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(42,824)	(22,204)
Other comprehensive income (loss) before reclassifications	3,177	(14,389)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Total other comprehensive (loss) income	3,177	(14,389)
Ending Balance	(39,647)	(36,593)
Unrealized Gains and (Losses) on available- for-Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(5,811)	(2,626)
Other comprehensive income (loss) before reclassifications	2,119	(5,265)
Amounts reclassified from accumulated other comprehensive income (loss)	(1)	112
Total other comprehensive (loss) income	2,120	(5,377)
Ending Balance	(3,691)	(8,003)
Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(48,635)	(24,830)
Other comprehensive income (loss) before reclassifications	5,296	(19,654)
Amounts reclassified from accumulated other comprehensive income (loss)	(1)	112
Total other comprehensive (loss) income	5,297	(19,766)
Ending Balance	$ (43,338)	$ (44,596)

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Common Shares Outstanding Used for Computation of Basic and Diluted Net Income per Common Share (Detail) - shares	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	92,474,688	95,479,927
Effect of dilutive options, performance stock units and restricted stock units	1,346,604	867,284
Diluted weighted-average shares outstanding	93,821,292	96,347,211

Net Income per Common Share - A

Net Income per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	120,000	200,000
Anti-dilutive common shares exercise price, minimum	$ 28.47	$ 28.47
Anti-dilutive common shares exercise price, maximum	$ 46.42	$ 46.42
Performance Stock Units (PSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	272,554	197,501

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	3 Months Ended
	Apr. 30, 2023 Segment Customer
Segment Reporting [Abstract]
Number of reporting segments | Segment	3
Number of major customers exceeding ten percentage thresholds | Customer	0

Schedule of Operations by Segme

Schedule of Operations by Segment (Detail) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2023	Apr. 30, 2022	Jan. 31, 2023
Segment Reporting Information [Line Items]
Total net sales		$ 1,113,674	$ 1,051,934
Total income from operations		71,383	46,237
General corporate expenses		17,889	(15,671)
Total inventory		590,326	629,953	$ 587,510
Total rental product, net	[1]	100,642	42,598	90,934
Total property and equipment, net		1,201,506	1,149,772	1,187,735
Retail Operations
Segment Reporting Information [Line Items]
Total net sales		1,004,101	963,435
Total inventory		543,968	569,845	529,853
Total property and equipment, net		1,145,834	1,117,689	1,138,487
Wholesale Operations
Segment Reporting Information [Line Items]
Total net sales		58,103	65,650
Total inventory		46,358	60,108	57,657
Total property and equipment, net		888	1,293	990
Nuuly operations
Segment Reporting Information [Line Items]
Total net sales		51,470	22,849
Total rental product, net	[1]	100,642	42,598	90,934
Total property and equipment, net		54,784	30,790	$ 48,258
Operating Segments
Segment Reporting Information [Line Items]
Total net sales		1,113,674	1,051,934
Total income from operations		89,272	61,908
Operating Segments | Retail Operations
Segment Reporting Information [Line Items]
Total net sales		1,004,101	963,435
Total income from operations		83,230	55,541
Operating Segments | Wholesale Operations
Segment Reporting Information [Line Items]
Total net sales		6,659	9,705
Total income from operations		63,415	69,071
Operating Segments | Nuuly operations
Segment Reporting Information [Line Items]
Total net sales		51,470	22,849
Total income from operations		(271)	(3,751)
Intersegment Elimination
Segment Reporting Information [Line Items]
Total net sales		(5,312)	(3,421)
Total income from operations		$ (346)	$ 413
[1] Rental product, net is included in "Deferred income taxes and other assets" in the Condensed Consolidated Balance Sheets.

Schedule of Net Sales and Perce

Schedule of Net Sales and Percentage of Net Sales by Merchandise Category (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 1,113,674	$ 1,051,934
Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 1,004,101	$ 963,435
Total net sales, percentage	100%	100%
Wholesale Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 58,103	$ 65,650
Total net sales, percentage	100%	100%
Nuuly operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 51,470	$ 22,849
Apparel | Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 685,085	$ 638,975
Total net sales, percentage	68%	66%
Apparel | Wholesale Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 52,621	$ 59,512
Total net sales, percentage	91%	91%
Home | Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 150,224	$ 162,810
Total net sales, percentage	15%	17%
Accessories | Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 121,711	$ 113,842
Total net sales, percentage	12%	12%
Accessories | Wholesale Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 5,321	$ 5,963
Total net sales, percentage	9%	9%
Other | Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 47,081	$ 47,808
Total net sales, percentage	5%	5%
Other | Wholesale Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 161	$ 175
Total net sales, percentage	0%	0%

Schedule of Revenues and Long-L

Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Jan. 31, 2023
Segment Reporting Information [Line Items]
Total property and equipment, net	$ 1,201,506	$ 1,149,772	$ 1,187,735
Total net sales	1,113,674	1,051,934
Domestic Operations
Segment Reporting Information [Line Items]
Total property and equipment, net	1,045,656	983,569	1,033,926
Total net sales	979,606	913,564
Foreign Operations
Segment Reporting Information [Line Items]
Total property and equipment, net	155,850	166,203	$ 153,809
Total net sales	$ 134,068	$ 138,370