Urban Outfitters (URBN) 10-Q 9 Sep 22 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2022	Sep. 05, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
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		92,174,487

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 91,665	$ 206,575	$ 464,811
Marketable securities	160,020	239,420	156,982
Accounts receivable, net of allowance for doubtful accounts of $1,201, $1,348 and $1,302, respectively	97,374	63,760	94,402
Inventory	697,474	569,699	483,148
Prepaid expenses and other current assets	220,901	206,293	196,070
Total current assets	1,267,434	1,285,747	1,395,413
Property and equipment, net	1,150,247	1,145,085	1,047,751
Operating lease right-of-use assets	927,685	1,000,255	1,068,919
Marketable securities	152,528	223,557	113,249
Deferred income taxes and other assets	155,538	136,703	117,556
Total Assets	3,653,432	3,791,347	3,742,888
Current liabilities:
Accounts payable	347,805	304,246	240,245
Current portion of operating lease liabilities	222,430	236,315	243,338
Accrued expenses, accrued compensation and other current liabilities	396,650	440,912	462,782
Total current liabilities	966,885	981,473	946,365
Non-current portion of operating lease liabilities	868,686	951,080	1,030,212
Deferred rent and other liabilities	110,669	113,054	96,891
Total Liabilities	1,946,240	2,045,607	2,073,468
Commitments and contingencies (see Note 12)
Shareholders’ equity:
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued
Common shares; $.0001 par value, 200,000,000 shares authorized, 92,173,342, 96,431,044 and 98,357,090 shares issued and outstanding, respectively	9	10	10
Additional paid-in-capital			26,581
Retained earnings	1,757,368	1,770,560	1,655,917
Accumulated other comprehensive loss	(50,185)	(24,830)	(13,088)
Total Shareholders’ Equity	1,707,192	1,745,740	1,669,420
Total Liabilities and Shareholders’ Equity	$ 3,653,432	$ 3,791,347	$ 3,742,888

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Statement Of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,201	$ 1,348	$ 1,302
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	92,173,342	96,431,044	98,357,090
Common shares, shares outstanding	92,173,342	96,431,044	98,357,090

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Income Statement [Abstract]
Net sales	$ 1,183,388	$ 1,157,725	$ 2,235,322	$ 2,085,140
Cost of sales	808,836	722,460	1,537,469	1,349,224
Gross profit	374,552	435,265	697,853	735,916
Selling, general and administrative expenses	288,734	269,412	565,798	496,560
Income from operations	85,818	165,853	132,055	239,356
Other loss, net	(2,262)	(1,797)	(4,251)	(1,952)
Income before income taxes	83,556	164,056	127,804	237,404
Income tax expense	24,083	36,794	36,798	56,595
Net income	$ 59,473	$ 127,262	$ 91,006	$ 180,809
Net income per common share:
Basic	$ 0.64	$ 1.29	$ 0.97	$ 1.84
Diluted	$ 0.64	$ 1.28	$ 0.96	$ 1.82
Weighted-average common shares outstanding:
Basic	93,041,310	98,315,441	94,240,412	98,213,555
Diluted	93,648,214	99,601,292	94,977,505	99,463,468

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 59,473	$ 127,262	$ 91,006	$ 180,809
Other comprehensive (loss) income:
Foreign currency translation	(6,243)	(1,394)	(20,632)	4,028
Change in unrealized gains (losses) on marketable securities, net of tax	654	47	(4,723)	4
Total other comprehensive (loss) income	(5,589)	(1,347)	(25,355)	4,032
Comprehensive income	$ 53,884	$ 125,915	$ 65,651	$ 184,841

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, 2021	$ 1,477,358	$ 10	$ 19,360	$ 1,475,108	$ (17,120)
Beginning Balances (in shares) at Jan. 31, 2021		97,815,985
Comprehensive income	184,841			180,809	4,032
Share-based compensation	11,968		11,968
Share-based awards	2,815		2,815
Share-based awards (in shares)		763,636
Share repurchases	(7,562)		(7,562)
Share repurchases (in shares)		(222,531)
Ending Balance at Jul. 31, 2021	$ 1,669,420	$ 10	26,581	1,655,917	(13,088)
Ending Balances (in shares) at Jul. 31, 2021	98,357,090	98,357,090
Beginning Balance at Apr. 30, 2021	$ 1,534,509	$ 10	17,585	1,528,655	(11,741)
Beginning Balances (in shares) at Apr. 30, 2021		98,235,127
Comprehensive income	125,915			127,262	(1,347)
Share-based compensation	7,398		7,398
Share-based awards	1,742		1,742
Share-based awards (in shares)		125,800
Share repurchases	(144)		(144)
Share repurchases (in shares)		(3,837)
Ending Balance at Jul. 31, 2021	$ 1,669,420	$ 10	26,581	1,655,917	(13,088)
Ending Balances (in shares) at Jul. 31, 2021	98,357,090	98,357,090
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	96,431,044
Comprehensive income	$ 65,651			91,006	(25,355)
Share-based compensation	14,109		14,109
Share-based awards	376		376
Share-based awards (in shares)		724,215
Share repurchases	(118,684)	$ (1)	(14,485)	(104,198)
Share repurchases (in shares)		(4,981,917)
Ending Balance at Jul. 31, 2022	$ 1,707,192	$ 9		1,757,368	(50,185)
Ending Balances (in shares) at Jul. 31, 2022	92,173,342	92,173,342
Beginning Balance at Apr. 30, 2022	$ 1,695,921	$ 9		1,740,508	(44,596)
Beginning Balances (in shares) at Apr. 30, 2022		94,434,621
Comprehensive income	53,884			59,473	(5,589)
Share-based compensation	7,007		7,007
Share-based awards	376		376
Share-based awards (in shares)		54,532
Share repurchases	(49,996)		$ (7,383)	(42,613)
Share repurchases (in shares)		(2,315,811)
Ending Balance at Jul. 31, 2022	$ 1,707,192	$ 9		$ 1,757,368	$ (50,185)
Ending Balances (in shares) at Jul. 31, 2022	92,173,342	92,173,342

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Cash flows from operating activities:
Net income	$ 91,006	$ 180,809
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	52,383	51,223
Non-cash lease expense	94,821	95,097
Provision (benefit) for deferred income taxes	6,136	(1,275)
Share-based compensation expense	14,109	11,968
Loss on disposition of property and equipment, net	284	121
Changes in assets and liabilities:
Receivables	(34,607)	(4,349)
Inventory	(134,092)	(93,049)
Prepaid expenses and other assets	(36,593)	4,272
Payables, accrued expenses and other liabilities	37,088	61,586
Operating lease liabilities	(122,198)	(111,210)
Net cash (used in) provided by operating activities	(31,663)	195,193
Cash flows from investing activities:
Cash paid for property and equipment	(105,652)	(105,624)
Cash paid for marketable securities	(22,973)	(165,927)
Sales and maturities of marketable securities	164,314	148,582
Net cash provided by (used in) investing activities	35,689	(122,969)
Cash flows from financing activities:
Proceeds from the exercise of stock options	376	2,815
Share repurchases related to share repurchase program	(112,016)
Share repurchases related to taxes for share-based awards	(6,668)	(7,562)
Net cash used in financing activities	(118,308)	(4,747)
Effect of exchange rate changes on cash and cash equivalents	(628)	1,699
(Decrease) increase in cash and cash equivalents	(114,910)	69,176
Cash and cash equivalents at beginning of period	206,575	395,635
Cash and cash equivalents at end of period	91,665	464,811
Cash paid during the year for:
Income taxes	21,532	42,767
Non-cash investing activities—Accrued capital expenditures	$ 21,960	$ 60,168

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 2022
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, 2022, filed with the United States Securities and Exchange Commission on April 1, 2022. 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 and six months ended July 31, 2022 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 2023 will end on January 31, 2023. 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.

Impact of the Coronavirus Pande

Impact of the Coronavirus Pandemic	6 Months Ended
	Jul. 31, 2022
Extraordinary And Unusual Items [Abstract]
Impact of the Coronavirus Pandemic	2. Impact of the Coronavirus Pandemic Impact of the Coronavirus Pandemic on Fiscal 2022 The COVID-19 pandemic continued to negatively impact the Company’s store operations during the first half of fiscal 2022 with residual impacts on store traffic and store sales resulting from store closures, primarily in Europe and Canada, occupancy restrictions and reduced store hours globally. During the second quarter of fiscal 2022, all remaining COVID-19 government mandated store closures in Europe and Canada expired, although some capacity restrictions continued in certain European and Canadian stores. The COVID-19 pandemic and general unfavorable macroeconomic conditions also disrupted the Company’s global supply chain in fiscal 2022, leading to COVID-19 related factory and port closures, continued port congestion and shipping delays, which resulted in inventory receipt delays and an increase in inbound transportation costs. The Company made a strategic decision to start bringing certain product categories in earlier in the third and fourth quarters of fiscal 2022 in an attempt to minimize the impact of such disruptions on the ability to fulfill customer demand. Impact of the Coronavirus Pandemic and Macroeconomic Uncertainties on Fiscal 2023 and Future Operations The COVID-19 pandemic and its effects on the global economy continued to impact the Company’s operations through the second quarter of fiscal 2023 and related government and private sector responsive actions could continue to affect its business operations. The Company continues to experience global supply chain disruptions resulting in inventory receipt delays. In response, the Company is continuing to further diversify its supply chain and bring in certain merchandise earlier. Furthermore, the Company expects that its operations will continue to be influenced by recent general economic conditions such as labor shortages and inflation, which have resulted in higher wages, higher inbound transportation and outbound delivery costs, and lower levels of discretionary spending by its customers, particularly customers of the Urban Outfitters brand. The Company cannot reasonably estimate the duration and severity of the COVID-19 pandemic or of existing macroeconomic conditions , which ha ve had and may continue to have a material impact on its business. As a result, current financial information may not be necessarily indicative of future operating results and the Company’s plans to address the impact of the COVID-19 pandemic and macroeconomic trends may change. Additionally, current global issues may affect the Company’s business and the global economy, including the geopolitical impact of Russia’s invasion of Ukraine and any related economic or other sanctions.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jul. 31, 2022
Revenue From Contract With Customer [Abstract]
Revenue from Contract with Customers	3. 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 six month period ended July 31, 2022, the opening and closing balances of contract receivables, net of allowance for doubtful accounts, were $63,760 and $97,374, respectively. For the six month period ended July 31, 2021, the opening and closing balances of contract receivables, net of allowance for doubtful accounts, were $89,952 and $94,402, 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 six month period ended July 31, 2022, the opening and closing balances of contract liabilities were $78,717 and $70,369, respectively. For the six month period ended July 31, 2021, the opening and closing balances of contract liabilities were $61,986 and $63,375, respectively. Contract liabilities are included in “Accrued expenses, accrued compensation and other current liabilities” in the Condensed Consolidated Balance Sheets. During the six month period ended July 31, 2022, the Company recognized $27,009 of revenue that was included in the contract liability balance at the beginning of the period. During the six month period ended July 31, 2021, the Company recognized $21,325 of revenue that was included in the contract liability balance at the beginning of the period.

Marketable Securities

Marketable Securities	6 Months Ended
	Jul. 31, 2022
Investments Debt And Equity Securities [Abstract]
Marketable Securities	4. 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 July 31, 2022, January 31, 2022 and July 31, 2021 were as follows: Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value As of July 31, 2022 Short-term Investments: Corporate bonds $ 76,652 $ — $ (1,211 ) $ 75,441 Municipal and pre-refunded municipal bonds 75,518 — (595 ) 74,923 US Treasury securities 9,749 — (93 ) 9,656 161,919 — (1,899 ) 160,020 Long-term Investments: Corporate bonds 96,086 — (4,160 ) 91,926 Municipal and pre-refunded municipal bonds 47,437 — (1,858 ) 45,579 US Treasury securities 3,229 — (129 ) 3,100 Mutual funds, held in rabbi trust 12,361 — (1,025 ) 11,336 Federal government agencies 350 — (12 ) 338 Certificates of deposit 249 — — 249 159,712 — (7,184 ) 152,528 $ 321,631 $ — $ (9,083 ) $ 312,548 As of January 31, 2022 Short-term Investments: Corporate bonds $ 85,062 $ 1 $ (200 ) $ 84,863 Municipal and pre-refunded municipal bonds 128,984 1 (273 ) 128,712 US Treasury securities 14,999 — (38 ) 14,961 Commercial paper 10,884 — — 10,884 239,929 2 (511 ) 239,420 Long-term Investments: Corporate bonds 148,830 — (2,478 ) 146,352 Municipal and pre-refunded municipal bonds 60,533 1 (912 ) 59,622 US Treasury securities 5,222 — (46 ) 5,176 Mutual funds, held in rabbi trust 12,419 — (606 ) 11,813 Federal government agencies 350 — (5 ) 345 Certificates of deposit 249 — — 249 227,603 1 (4,047 ) 223,557 $ 467,532 $ 3 $ (4,558 ) $ 462,977 Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value As of July 31, 2021 Short-term Investments: Corporate bonds $ 28,808 $ 2 $ (24 ) $ 28,786 Municipal and pre-refunded municipal bonds 122,173 14 (87 ) 122,100 Commercial paper 6,096 — — 6,096 157,077 16 (111 ) 156,982 Long-term Investments: Corporate bonds 61,646 4 (159 ) 61,491 Municipal and pre-refunded municipal bonds 40,069 34 (56 ) 40,047 Mutual funds, held in rabbi trust 11,610 143 (42 ) 11,711 113,325 181 (257 ) 113,249 $ 270,402 $ 197 $ (368 ) $ 270,231 Proceeds from the sales and maturities of available-for-sale securities were $164,314 and $148,582 for the six months ended July 31, 2022 and 2021, respectively. The Company included in “Other loss, net,” in the Condensed Consolidated Statements of Income, a net realized loss of $222 and $334 for the three and six months ended July 31, 2022, respectively, and a net realized gain of $4 for the three and six months ended July 31, 2021. Amortization of discounts and premiums, net, was $1,225 and $2,882 for the three and six months ended July 31, 2022, respectively, and $1,398 and $2,736 for the three and six months ended July 31, 2021, respectively. Amortization of discounts and premiums, net, is included in “Other 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 loss, net” in the Condensed Consolidated Statements of Income.

Fair Value

Fair Value	6 Months Ended
	Jul. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value	5. 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 July 31, 2022 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 167,367 $ — $ 167,367 Municipal and pre-refunded municipal bonds — 120,502 — 120,502 US Treasury securities — 12,756 — 12,756 Mutual funds, held in rabbi trust 11,336 — — 11,336 Federal government agencies — 338 — 338 Certificates of deposit — 249 — 249 $ 11,336 $ 301,212 $ — $ 312,548 Marketable Securities Fair Value as of January 31, 2022 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 231,215 $ — $ 231,215 Municipal and pre-refunded municipal bonds — 188,334 — 188,334 US Treasury securities — 20,137 — 20,137 Mutual funds, held in rabbi trust 11,813 — — 11,813 Commercial paper — 10,884 — 10,884 Federal government agencies — 345 — 345 Certificates of deposit — 249 — 249 $ 11,813 $ 451,164 $ — $ 462,977 Marketable Securities Fair Value as of July 31, 2021 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 90,277 $ — $ 90,277 Municipal and pre-refunded municipal bonds — 162,147 — 162,147 Mutual funds, held in rabbi trust 11,711 — — 11,711 Commercial paper — 6,096 — 6,096 $ 11,711 $ 258,520 $ — $ 270,231 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 July 31, 2022, January 31, 2022 and July 31, 2021. 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 July 31, 2022, January 31, 2022 and July 31, 2021, 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.

Debt

Debt	6 Months Ended
	Jul. 31, 2022
Debt Disclosure [Abstract]
Debt	6. Debt On June 10, 2022, the Company and certain of its subsidiaries entered into the third amendment (the “Third Amendment”) to the Company’s amended and restated credit agreement dated as of June 29, 2018 (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 Third Amendment extends the maturity date of the senior secured revolving credit facility to June 2027, replaces LIBOR as a reference interest rate for borrowings and amends certain other provisions (the “Amended Credit Facility”). 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 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 July 31, 2022, the Company had $0 in borrowings under the Amended Credit Facility. As of July 31, 2022, 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 $12,168. Interest expense for the Amended Credit Facility was $511 and $520 for the six months ended July 31, 2022 and 2021, respectively, which was included in “Other loss, net” in the Condensed Consolidated Statements of Income.

Leases

Leases	6 Months Ended
	Jul. 31, 2022
Leases [Abstract]
Leases	7. Leases The Company has operating leases for stores, distribution and fulfillment centers, corporate offices and equipment. The Company subleases certain properties to third parties. Operating and variable lease costs during the three and six months ended July 31, 2022 and July 31, 2021 were as follows: Three Months Ended Six Months Ended July 31, July 31, 2022 2021 2022 2021 Operating lease costs $ 62,348 $ 67,794 $ 126,047 $ 136,502 Variable lease costs 33,924 28,179 66,496 48,681 Total lease costs $ 96,272 $ 95,973 $ 192,543 $ 185,183 Short-term lease costs and sublease income were not material during the three and six months ended July 31, 2022 and July 31, 2021. The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of July 31, 2022: Operating Leases Fiscal Year 2023 (excluding the six months ended July 31, 2022) $ 147,276 2024 261,558 2025 224,303 2026 189,684 2027 136,735 Thereafter 361,212 Total undiscounted future minimum lease payments 1,320,768 Less imputed interest (229,652 ) Total discounted future minimum lease payments $ 1,091,116 As of July 31, 2022, the Company had commitments of approximately $6,678 not included in the amounts above related to five executed but not yet commenced leases. In response to the COVID-19 pandemic and mandated store closures, the Company withheld certain minimum lease payments due to landlords. The amounts withheld at July 31, 2022 and 2021 were included in “Current portion of operating lease liabilities” in the Condensed Consolidated Balance Sheets.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	8. 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 (“RSU’s”), performance stock units (“PSU’s”) or stock appreciation rights (“SAR’s”). The fair value of PSU’s and RSU’s 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 and six months ended July 31, 2022 and 2021, was as follows: Three Months Ended Six Months Ended July 31, July 31, 2022 2021 2022 2021 Performance Stock Units $ 1,280 $ 1,527 $ 2,417 $ 1,926 Restricted Stock Units 5,727 5,871 11,692 10,042 Total $ 7,007 $ 7,398 $ 14,109 $ 11,968 Share-based awards granted and the weighted-average fair value of such awards for the six months ended July 31, 2022 was as follows: Six Months Ended July 31, 2022 Weighted- Awards Average Fair Granted Value Performance Stock Units 167,500 $ 25.38 Restricted Stock Units 1,070,500 $ 24.98 Total 1,238,000 During the six months ended July 31, 2022, 20,000 stock options were exercised, 80,001 PSU’s vested and 624,214 RSU’s 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 July 31, 2022 was as follows: July 31, 2022 Unrecognized Weighted- Compensation Average Cost Years Performance Stock Units $ 8,505 2.2 Restricted Stock Units 44,263 2.2 Total $ 52,768

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jul. 31, 2022
Equity [Abstract]
Shareholders' Equity	9 . Share repurchase activity under the Company’s share repurchase programs was as follows: Three Months Ended Six Months Ended July 31, July 31, 2022 2021 2022 2021 Number of common shares repurchased and subsequently retired 2,314,347 — 4,736,405 — Total cost $ 49,964 $ — $ 112,016 $ — Average cost per share, including commissions $ 21.59 $ — $ 23.65 $ — 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 July 31, 2022, 19,156,390 common shares were remaining under the programs. During the six months ended July 31, 2022, the Company acquired and subsequently retired 245,512 common shares at a total cost of $6,668 from employees to meet payroll tax withholding requirements on vested awards. During the six months ended July 31, 2021, the Company acquired and subsequently retired 222,531 common shares at a total cost of $7,562 from employees to meet payroll tax withholding requirements on vested awards.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 31, 2022
Equity [Abstract]
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss	10 . The following tables present the changes in “Accumulated other comprehensive loss,” by component, net of tax, for the three and six months ended July 31, 2022 and 2021: Three Months Ended July 31, 2022 Six Months Ended July 31, 2022 Unrealized Gains Unrealized Gains Foreign and (Losses) on Foreign and (Losses) on Currency Available-for- Currency Available-for- Translation Sale Securities Total Translation Sale Securities Total Balance at beginning of period $ (36,593 ) $ (8,003 ) $ (44,596 ) $ (22,204 ) $ (2,626 ) $ (24,830 ) Other comprehensive income (loss) before reclassifications (6,243 ) 876 (5,367 ) (20,632 ) (4,389 ) (25,021 ) Amounts reclassified from accumulated other comprehensive income (loss) — (222 ) (222 ) — (334 ) (334 ) Net current-period other comprehensive income (loss) (6,243 ) 654 (5,589 ) (20,632 ) (4,723 ) (25,355 ) Balance at end of period $ (42,836 ) $ (7,349 ) $ (50,185 ) $ (42,836 ) $ (7,349 ) $ (50,185 ) Three Months Ended July 31, 2021 Six Months Ended July 31, 2021 Unrealized Gains Unrealized Gains Foreign and (Losses) on Foreign and (Losses) on Currency Available-for- Currency Available-for- Translation Sale Securities Total Translation Sale Securities Total Balance at beginning of period $ (11,528 ) $ (213 ) $ (11,741 ) $ (16,950 ) $ (170 ) $ (17,120 ) Other comprehensive income (loss) before reclassifications (1,394 ) 43 (1,351 ) 4,028 — 4,028 Amounts reclassified from accumulated other comprehensive income (loss) — 4 4 — 4 4 Net current-period other comprehensive income (loss) (1,394 ) 47 (1,347 ) 4,028 4 4,032 Balance at end of period $ (12,922 ) $ (166 ) $ (13,088 ) $ (12,922 ) $ (166 ) $ (13,088 ) All unrealized gains and losses on available-for-sale securities reclassified from accumulated other comprehensive loss were recorded in “Other loss, net” in the Condensed Consolidated Statements of Income.

Net Income per Common Share

Net Income per Common Share	6 Months Ended
	Jul. 31, 2022
Earnings Per Share [Abstract]
Net Income per Common Share	11. 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 Six Months Ended July 31, July 31, 2022 2021 2022 2021 Basic weighted-average common shares outstanding 93,041,310 98,315,441 94,240,412 98,213,555 Effect of dilutive options, performance stock units and restricted stock units 606,904 1,285,851 737,093 1,249,913 Diluted weighted-average shares outstanding 93,648,214 99,601,292 94,977,505 99,463,468 For the three months ended July 31, 2022 and 2021, awards to purchase 205,000 common shares ranging in price from For the six months ended July 31, 2022 and 2021, awards to purchase 202,500 common shares ranging in price from $23.74 to $46.42 and 180,000 common shares ranging in price from $35.85 to $46.42 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 July 31, 2022 and July 31, 2021, were 167,500 and 30,001 performance-based equity awards, respectively, because they did not meet the required performance criteria.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. 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	6 Months Ended
	Jul. 31, 2022
Segment Reporting [Abstract]
Segment Reporting	13. 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, Bhldn, Free People, FP Movement, Terrain, Urban Outfitters and Menus & Venues 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. Nuuly Thrift, which launched in October 2021, is a peer-to-peer resale marketplace where customers can buy and sell women’s, men’s and kids’ clothes, shoes and accessories. The Company evaluates the performance of each segment based on the net sales and pre-tax 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, 2022. 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 Six Months Ended July 31, July 31, 2022 2021 2022 2021 Net sales Retail operations $ 1,095,191 $ 1,089,022 $ 2,058,626 $ 1,946,508 Wholesale operations 61,900 61,985 130,971 128,563 Nuuly operations 28,776 9,939 51,625 17,759 Intersegment elimination (2,479 ) (3,221 ) (5,900 ) (7,690 ) Total net sales $ 1,183,388 $ 1,157,725 $ 2,235,322 $ 2,085,140 Income from operations Retail operations $ 96,292 $ 176,829 $ 151,833 $ 250,874 Wholesale operations 7,534 9,099 17,239 23,279 Nuuly operations (2,379 ) (3,618 ) (6,130 ) (6,900 ) Intersegment elimination 177 264 590 345 Total segment operating income 101,624 182,574 163,532 267,598 General corporate expenses (15,806 ) (16,721 ) (31,477 ) (28,242 ) Total income from operations $ 85,818 $ 165,853 $ 132,055 $ 239,356 July 31, January 31, July 31, 2022 2022 2021 Inventory Retail operations $ 623,562 $ 507,510 $ 438,144 Wholesale operations 73,912 62,189 45,004 Total inventory $ 697,474 $ 569,699 $ 483,148 Rental product, net (1) Nuuly operations $ 59,236 $ 32,075 $ 10,900 Total rental product, net $ 59,236 $ 32,075 $ 10,900 (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 $ 1,114,792 $ 1,113,294 $ 1,016,644 Wholesale operations 1,174 1,458 1,762 Nuuly operations 34,281 30,333 29,345 Total property and equipment, net $ 1,150,247 $ 1,145,085 $ 1,047,751 The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category and by segment: Three Months Ended July 31, 2022 2021 Net sales Apparel $ 721,966 66 % $ 721,570 66 % Home 193,098 18 % 188,298 18 % Accessories 133,783 12 % 133,408 12 % Other 46,344 4 % 45,746 4 % Retail operations 1,095,191 100 % 1,089,022 100 % Apparel 54,215 91 % 56,342 96 % Accessories 5,011 9 % 2,212 4 % Other 195 — 210 — Wholesale operations 59,421 100 % 58,764 100 % Nuuly operations 28,776 9,939 Total net sales $ 1,183,388 $ 1,157,725 Six Months Ended July 31, 2022 2021 Net sales Apparel $ 1,360,941 66 % $ 1,269,056 65 % Home 355,908 17 % 361,684 19 % Accessories 247,625 12 % 233,451 12 % Other 94,152 5 % 82,317 4 % Retail operations 2,058,626 100 % 1,946,508 100 % Apparel 113,727 91 % 116,658 97 % Accessories 10,974 9 % 3,823 3 % Other 370 — 392 — Wholesale operations 125,071 100 % 120,873 100 % Nuuly operations 51,625 17,759 Total net sales $ 2,235,322 $ 2,085,140 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 for the Retail and Wholesale segments, and additionally the Menus & Venues brand for the Retail segment. 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: July 31, January 31, July 31, 2022 2022 2021 Property and equipment, net Domestic operations $ 990,457 $ 965,777 $ 844,912 Foreign operations 159,790 179,308 202,839 Total property and equipment, net $ 1,150,247 $ 1,145,085 $ 1,047,751 Three Months Ended Six Months Ended July 31, July 31, 2022 2021 2022 2021 Net Sales Domestic operations $ 1,022,318 $ 998,580 $ 1,935,882 $ 1,825,375 Foreign operations 161,070 159,145 299,440 259,765 Total net sales $ 1,183,388 $ 1,157,725 $ 2,235,322 $ 2,085,140

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Jul. 31, 2022
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 July 31, 2022, January 31, 2022 and July 31, 2021 were as follows: Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value As of July 31, 2022 Short-term Investments: Corporate bonds $ 76,652 $ — $ (1,211 ) $ 75,441 Municipal and pre-refunded municipal bonds 75,518 — (595 ) 74,923 US Treasury securities 9,749 — (93 ) 9,656 161,919 — (1,899 ) 160,020 Long-term Investments: Corporate bonds 96,086 — (4,160 ) 91,926 Municipal and pre-refunded municipal bonds 47,437 — (1,858 ) 45,579 US Treasury securities 3,229 — (129 ) 3,100 Mutual funds, held in rabbi trust 12,361 — (1,025 ) 11,336 Federal government agencies 350 — (12 ) 338 Certificates of deposit 249 — — 249 159,712 — (7,184 ) 152,528 $ 321,631 $ — $ (9,083 ) $ 312,548 As of January 31, 2022 Short-term Investments: Corporate bonds $ 85,062 $ 1 $ (200 ) $ 84,863 Municipal and pre-refunded municipal bonds 128,984 1 (273 ) 128,712 US Treasury securities 14,999 — (38 ) 14,961 Commercial paper 10,884 — — 10,884 239,929 2 (511 ) 239,420 Long-term Investments: Corporate bonds 148,830 — (2,478 ) 146,352 Municipal and pre-refunded municipal bonds 60,533 1 (912 ) 59,622 US Treasury securities 5,222 — (46 ) 5,176 Mutual funds, held in rabbi trust 12,419 — (606 ) 11,813 Federal government agencies 350 — (5 ) 345 Certificates of deposit 249 — — 249 227,603 1 (4,047 ) 223,557 $ 467,532 $ 3 $ (4,558 ) $ 462,977 Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value As of July 31, 2021 Short-term Investments: Corporate bonds $ 28,808 $ 2 $ (24 ) $ 28,786 Municipal and pre-refunded municipal bonds 122,173 14 (87 ) 122,100 Commercial paper 6,096 — — 6,096 157,077 16 (111 ) 156,982 Long-term Investments: Corporate bonds 61,646 4 (159 ) 61,491 Municipal and pre-refunded municipal bonds 40,069 34 (56 ) 40,047 Mutual funds, held in rabbi trust 11,610 143 (42 ) 11,711 113,325 181 (257 ) 113,249 $ 270,402 $ 197 $ (368 ) $ 270,231

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jul. 31, 2022
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 July 31, 2022 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 167,367 $ — $ 167,367 Municipal and pre-refunded municipal bonds — 120,502 — 120,502 US Treasury securities — 12,756 — 12,756 Mutual funds, held in rabbi trust 11,336 — — 11,336 Federal government agencies — 338 — 338 Certificates of deposit — 249 — 249 $ 11,336 $ 301,212 $ — $ 312,548 Marketable Securities Fair Value as of January 31, 2022 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 231,215 $ — $ 231,215 Municipal and pre-refunded municipal bonds — 188,334 — 188,334 US Treasury securities — 20,137 — 20,137 Mutual funds, held in rabbi trust 11,813 — — 11,813 Commercial paper — 10,884 — 10,884 Federal government agencies — 345 — 345 Certificates of deposit — 249 — 249 $ 11,813 $ 451,164 $ — $ 462,977 Marketable Securities Fair Value as of July 31, 2021 Level 1 Level 2 Level 3 Total Assets: Corporate bonds $ — $ 90,277 $ — $ 90,277 Municipal and pre-refunded municipal bonds — 162,147 — 162,147 Mutual funds, held in rabbi trust 11,711 — — 11,711 Commercial paper — 6,096 — 6,096 $ 11,711 $ 258,520 $ — $ 270,231

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 31, 2022
Leases [Abstract]
Schedule of Operating and Variable Lease Costs	Operating and variable lease costs during the three and six months ended July 31, 2022 and July 31, 2021 were as follows: Three Months Ended Six Months Ended July 31, July 31, 2022 2021 2022 2021 Operating lease costs $ 62,348 $ 67,794 $ 126,047 $ 136,502 Variable lease costs 33,924 28,179 66,496 48,681 Total lease costs $ 96,272 $ 95,973 $ 192,543 $ 185,183
Schedule by Year of Maturities of Operating Leases Liabilities with Original Terms in Excess of One Year	The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of July 31, 2022: Operating Leases Fiscal Year 2023 (excluding the six months ended July 31, 2022) $ 147,276 2024 261,558 2025 224,303 2026 189,684 2027 136,735 Thereafter 361,212 Total undiscounted future minimum lease payments 1,320,768 Less imputed interest (229,652 ) Total discounted future minimum lease payments $ 1,091,116

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 31, 2022
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 and six months ended July 31, 2022 and 2021, was as follows: Three Months Ended Six Months Ended July 31, July 31, 2022 2021 2022 2021 Performance Stock Units $ 1,280 $ 1,527 $ 2,417 $ 1,926 Restricted Stock Units 5,727 5,871 11,692 10,042 Total $ 7,007 $ 7,398 $ 14,109 $ 11,968
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 six months ended July 31, 2022 was as follows: Six Months Ended July 31, 2022 Weighted- Awards Average Fair Granted Value Performance Stock Units 167,500 $ 25.38 Restricted Stock Units 1,070,500 $ 24.98 Total 1,238,000
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 July 31, 2022 was as follows: July 31, 2022 Unrecognized Weighted- Compensation Average Cost Years Performance Stock Units $ 8,505 2.2 Restricted Stock Units 44,263 2.2 Total $ 52,768

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jul. 31, 2022
Equity [Abstract]
Share Repurchase Activity	Share repurchase activity under the Company’s share repurchase programs was as follows: Three Months Ended Six Months Ended July 31, July 31, 2022 2021 2022 2021 Number of common shares repurchased and subsequently retired 2,314,347 — 4,736,405 — Total cost $ 49,964 $ — $ 112,016 $ — Average cost per share, including commissions $ 21.59 $ — $ 23.65 $ —

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 31, 2022
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 and six months ended July 31, 2022 and 2021: Three Months Ended July 31, 2022 Six Months Ended July 31, 2022 Unrealized Gains Unrealized Gains Foreign and (Losses) on Foreign and (Losses) on Currency Available-for- Currency Available-for- Translation Sale Securities Total Translation Sale Securities Total Balance at beginning of period $ (36,593 ) $ (8,003 ) $ (44,596 ) $ (22,204 ) $ (2,626 ) $ (24,830 ) Other comprehensive income (loss) before reclassifications (6,243 ) 876 (5,367 ) (20,632 ) (4,389 ) (25,021 ) Amounts reclassified from accumulated other comprehensive income (loss) — (222 ) (222 ) — (334 ) (334 ) Net current-period other comprehensive income (loss) (6,243 ) 654 (5,589 ) (20,632 ) (4,723 ) (25,355 ) Balance at end of period $ (42,836 ) $ (7,349 ) $ (50,185 ) $ (42,836 ) $ (7,349 ) $ (50,185 ) Three Months Ended July 31, 2021 Six Months Ended July 31, 2021 Unrealized Gains Unrealized Gains Foreign and (Losses) on Foreign and (Losses) on Currency Available-for- Currency Available-for- Translation Sale Securities Total Translation Sale Securities Total Balance at beginning of period $ (11,528 ) $ (213 ) $ (11,741 ) $ (16,950 ) $ (170 ) $ (17,120 ) Other comprehensive income (loss) before reclassifications (1,394 ) 43 (1,351 ) 4,028 — 4,028 Amounts reclassified from accumulated other comprehensive income (loss) — 4 4 — 4 4 Net current-period other comprehensive income (loss) (1,394 ) 47 (1,347 ) 4,028 4 4,032 Balance at end of period $ (12,922 ) $ (166 ) $ (13,088 ) $ (12,922 ) $ (166 ) $ (13,088 )

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Jul. 31, 2022
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 Six Months Ended July 31, July 31, 2022 2021 2022 2021 Basic weighted-average common shares outstanding 93,041,310 98,315,441 94,240,412 98,213,555 Effect of dilutive options, performance stock units and restricted stock units 606,904 1,285,851 737,093 1,249,913 Diluted weighted-average shares outstanding 93,648,214 99,601,292 94,977,505 99,463,468

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jul. 31, 2022
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 Six Months Ended July 31, July 31, 2022 2021 2022 2021 Net sales Retail operations $ 1,095,191 $ 1,089,022 $ 2,058,626 $ 1,946,508 Wholesale operations 61,900 61,985 130,971 128,563 Nuuly operations 28,776 9,939 51,625 17,759 Intersegment elimination (2,479 ) (3,221 ) (5,900 ) (7,690 ) Total net sales $ 1,183,388 $ 1,157,725 $ 2,235,322 $ 2,085,140 Income from operations Retail operations $ 96,292 $ 176,829 $ 151,833 $ 250,874 Wholesale operations 7,534 9,099 17,239 23,279 Nuuly operations (2,379 ) (3,618 ) (6,130 ) (6,900 ) Intersegment elimination 177 264 590 345 Total segment operating income 101,624 182,574 163,532 267,598 General corporate expenses (15,806 ) (16,721 ) (31,477 ) (28,242 ) Total income from operations $ 85,818 $ 165,853 $ 132,055 $ 239,356 July 31, January 31, July 31, 2022 2022 2021 Inventory Retail operations $ 623,562 $ 507,510 $ 438,144 Wholesale operations 73,912 62,189 45,004 Total inventory $ 697,474 $ 569,699 $ 483,148 Rental product, net (1) Nuuly operations $ 59,236 $ 32,075 $ 10,900 Total rental product, net $ 59,236 $ 32,075 $ 10,900 (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 $ 1,114,792 $ 1,113,294 $ 1,016,644 Wholesale operations 1,174 1,458 1,762 Nuuly operations 34,281 30,333 29,345 Total property and equipment, net $ 1,150,247 $ 1,145,085 $ 1,047,751
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 July 31, 2022 2021 Net sales Apparel $ 721,966 66 % $ 721,570 66 % Home 193,098 18 % 188,298 18 % Accessories 133,783 12 % 133,408 12 % Other 46,344 4 % 45,746 4 % Retail operations 1,095,191 100 % 1,089,022 100 % Apparel 54,215 91 % 56,342 96 % Accessories 5,011 9 % 2,212 4 % Other 195 — 210 — Wholesale operations 59,421 100 % 58,764 100 % Nuuly operations 28,776 9,939 Total net sales $ 1,183,388 $ 1,157,725 Six Months Ended July 31, 2022 2021 Net sales Apparel $ 1,360,941 66 % $ 1,269,056 65 % Home 355,908 17 % 361,684 19 % Accessories 247,625 12 % 233,451 12 % Other 94,152 5 % 82,317 4 % Retail operations 2,058,626 100 % 1,946,508 100 % Apparel 113,727 91 % 116,658 97 % Accessories 10,974 9 % 3,823 3 % Other 370 — 392 — Wholesale operations 125,071 100 % 120,873 100 % Nuuly operations 51,625 17,759 Total net sales $ 2,235,322 $ 2,085,140
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: July 31, January 31, July 31, 2022 2022 2021 Property and equipment, net Domestic operations $ 990,457 $ 965,777 $ 844,912 Foreign operations 159,790 179,308 202,839 Total property and equipment, net $ 1,150,247 $ 1,145,085 $ 1,047,751 Three Months Ended Six Months Ended July 31, July 31, 2022 2021 2022 2021 Net Sales Domestic operations $ 1,022,318 $ 998,580 $ 1,935,882 $ 1,825,375 Foreign operations 161,070 159,145 299,440 259,765 Total net sales $ 1,183,388 $ 1,157,725 $ 2,235,322 $ 2,085,140

Revenue from Contracts with C_2

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Revenue From Contract With Customer [Abstract]
Contract receivables, net of allowance for doubtful accounts	$ 97,374	$ 94,402	$ 63,760	$ 89,952
Gift cards expected redemption period	2 years
Contract liabilities	$ 70,369	63,375	$ 78,717	$ 61,986
Revenue recognized included in contract liability	$ 27,009	$ 21,325

Amortized Cost, Gross Unrealize

Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities (Detail) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Short-term Investments, Amortized Cost	$ 161,919	$ 239,929	$ 157,077
Short-term Investments, Unrealized Gains		2	16
Short-term Investments, Unrealized (Losses)	(1,899)	(511)	(111)
Short-term Investments, Fair Value	160,020	239,420	156,982
Long-term Investments, Amortized Cost	159,712	227,603	113,325
Long-term Investments, Unrealized Gains		1	181
Long-term Investments, Unrealized (Losses)	(7,184)	(4,047)	(257)
Long-term Investments, Fair Value	152,528	223,557	113,249
Amortized Cost	321,631	467,532	270,402
Unrealized Gains		3	197
Unrealized (Losses)	(9,083)	(4,558)	(368)
Fair Value	312,548	462,977	270,231
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Short-term Investments, Amortized Cost	76,652	85,062	28,808
Short-term Investments, Unrealized Gains		1	2
Short-term Investments, Unrealized (Losses)	(1,211)	(200)	(24)
Short-term Investments, Fair Value	75,441	84,863	28,786
Long-term Investments, Amortized Cost	96,086	148,830	61,646
Long-term Investments, Unrealized Gains			4
Long-term Investments, Unrealized (Losses)	(4,160)	(2,478)	(159)
Long-term Investments, Fair Value	91,926	146,352	61,491
Municipal and Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Short-term Investments, Amortized Cost	75,518	128,984	122,173
Short-term Investments, Unrealized Gains		1	14
Short-term Investments, Unrealized (Losses)	(595)	(273)	(87)
Short-term Investments, Fair Value	74,923	128,712	122,100
Long-term Investments, Amortized Cost	47,437	60,533	40,069
Long-term Investments, Unrealized Gains		1	34
Long-term Investments, Unrealized (Losses)	(1,858)	(912)	(56)
Long-term Investments, Fair Value	45,579	59,622	40,047
US Treasury Securities
Schedule of Available-for-sale Securities [Line Items]
Short-term Investments, Amortized Cost	9,749	14,999
Short-term Investments, Unrealized (Losses)	(93)	(38)
Short-term Investments, Fair Value	9,656	14,961
Long-term Investments, Amortized Cost	3,229	5,222
Long-term Investments, Unrealized (Losses)	(129)	(46)
Long-term Investments, Fair Value	3,100	5,176
Commercial Paper
Schedule of Available-for-sale Securities [Line Items]
Short-term Investments, Amortized Cost		10,884	6,096
Short-term Investments, Fair Value		10,884	6,096
Mutual Funds, Held in Rabbi Trust
Schedule of Available-for-sale Securities [Line Items]
Long-term Investments, Amortized Cost	12,361	12,419	11,610
Long-term Investments, Unrealized Gains			143
Long-term Investments, Unrealized (Losses)	(1,025)	(606)	(42)
Long-term Investments, Fair Value	11,336	11,813	$ 11,711
Federal Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Long-term Investments, Amortized Cost	350	350
Long-term Investments, Unrealized (Losses)	(12)	(5)
Long-term Investments, Fair Value	338	345
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Long-term Investments, Amortized Cost	249	249
Long-term Investments, Fair Value	$ 249	$ 249

Marketable Securities - Additio

Marketable Securities - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Sales and maturities of marketable securities			$ 164,314	$ 148,582
Amortization of discounts and premiums, net	$ 1,225	$ 1,398	2,882	2,736
Other (Loss) Income, Net
Schedule of Available-for-sale Securities [Line Items]
Net realized gain (loss)	$ (222)	$ 4	$ (334)	$ 4

Financial Assets Measured at Fa

Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 312,548	$ 462,977	$ 270,231
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	312,548	462,977	270,231
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	11,336	11,813	11,711
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	301,212	451,164	258,520
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	167,367	231,215	90,277
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	167,367	231,215	90,277
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	120,502	188,334	162,147
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	120,502	188,334	162,147
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	12,756	20,137
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	12,756	20,137
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	11,336	11,813	11,711
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	11,336	11,813	11,711
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		10,884	6,096
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		10,884	$ 6,096
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	338	345
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	338	345
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
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

Debt - Additional Information (

Debt - Additional Information (Detail) - Third Amended Credit Agreement - USD ($)		6 Months Ended
	Jun. 10, 2022	Jul. 31, 2022	Jul. 31, 2021
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		12,168,000
JPMorgan Chase Bank N. A. | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Credit agreement initiation date	Jun. 29, 2018
Credit facility maturity date	2027-06
Credit facility maximum borrowing capacity	$ 350,000,000
Additional line of credit facility	$ 150,000,000
Commitment fee percentage	0.20%
Interest expense		$ 511,000	$ 520,000
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%

Schedule of Operating and Varia

Schedule of Operating and Variable Lease Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Leases [Abstract]
Operating lease costs	$ 62,348	$ 67,794	$ 126,047	$ 136,502
Variable lease costs	33,924	28,179	66,496	48,681
Total lease costs	$ 96,272	$ 95,973	$ 192,543	$ 185,183

Schedule by Year of Maturities

Schedule by Year of Maturities of Operating Leases Liabilities with Original Terms in Excess of One Year (Detail) $ in Thousands	Jul. 31, 2022 USD ($)
Leases [Abstract]
2023 (excluding the six months ended July 31, 2022)	$ 147,276
2024	261,558
2025	224,303
2026	189,684
2027	136,735
Thereafter	361,212
Total undiscounted future minimum lease payments	1,320,768
Less imputed interest	(229,652)
Total discounted future minimum lease payments	$ 1,091,116

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jul. 31, 2022 USD ($) Store
Leases [Abstract]
Lease commitments for executed but not yet commenced leases | $	$ 6,678
Number of lease commitment not yet commenced | Store	5

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		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 7,007	$ 7,398	$ 14,109	$ 11,968
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1,280	1,527	2,417	1,926
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 5,727	$ 5,871	$ 11,692	$ 10,042

Schedule of Share Based Awards

Schedule of Share Based Awards Issued and Weighted Average Fair Value (Detail)	6 Months Ended
	Jul. 31, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	1,238,000
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	167,500
Weighted Average Fair Value | $ / shares	$ 25.38
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	1,070,500
Weighted Average Fair Value | $ / shares	$ 24.98

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail)	6 Months Ended
	Jul. 31, 2022 shares
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised	20,000
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units vested	80,001
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units vested	624,214

Schedule of Unrecognized Compen

Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition (Detail) $ in Thousands	6 Months Ended
	Jul. 31, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 52,768
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 8,505
Weighted Average Years	2 years 2 months 12 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 44,263
Weighted Average Years	2 years 2 months 12 days

Share Repurchase Activity (Deta

Share Repurchase Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Equity, Class of Treasury Stock [Line Items]
Total cost	$ 49,996	$ 144	$ 118,684	$ 7,562
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Number of common shares repurchased and subsequently retired	2,314,347		4,736,405
Total cost	$ 49,964		$ 112,016
Average cost per share, including commissions	$ 21.59		$ 23.65

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	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		19,156,390
Stock repurchased and retired during period, total cost	$ 49,996	$ 144	$ 118,684	$ 7,562
Employee Stock
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period shares			245,512	222,531
Stock repurchased and retired during period, total cost			$ 6,668	$ 7,562

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	$ 1,695,921	$ 1,534,509	$ 1,745,740	$ 1,477,358
Other comprehensive income (loss) before reclassifications	(5,367)	(1,351)	(25,021)	4,028
Amounts reclassified from accumulated other comprehensive income (loss)	(222)	4	(334)	4
Total other comprehensive (loss) income	(5,589)	(1,347)	(25,355)	4,032
Ending Balance	1,707,192	1,669,420	1,707,192	1,669,420
Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(36,593)	(11,528)	(22,204)	(16,950)
Other comprehensive income (loss) before reclassifications	(6,243)	(1,394)	(20,632)	4,028
Total other comprehensive (loss) income	(6,243)	(1,394)	(20,632)	4,028
Ending Balance	(42,836)	(12,922)	(42,836)	(12,922)
Unrealized Gains and (Losses) on available- for-Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(8,003)	(213)	(2,626)	(170)
Other comprehensive income (loss) before reclassifications	876	43	(4,389)
Amounts reclassified from accumulated other comprehensive income (loss)	(222)	4	(334)	4
Total other comprehensive (loss) income	654	47	(4,723)	4
Ending Balance	(7,349)	(166)	(7,349)	(166)
Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(44,596)	(11,741)	(24,830)	(17,120)
Ending Balance	$ (50,185)	$ (13,088)	$ (50,185)	$ (13,088)

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		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	93,041,310	98,315,441	94,240,412	98,213,555
Effect of dilutive options, performance stock units and restricted stock units	606,904	1,285,851	737,093	1,249,913
Diluted weighted-average shares outstanding	93,648,214	99,601,292	94,977,505	99,463,468

Net Income per Common Share - A

Net Income per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	205,000	160,000	202,500	180,000
Anti-dilutive common shares exercise price, minimum	$ 23.74	$ 38.09	$ 23.74	$ 35.85
Anti-dilutive common shares exercise price, maximum	$ 46.42	$ 46.42	$ 46.42	$ 46.42
Performance Stock Units (PSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares			167,500	30,001

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	6 Months Ended
	Jul. 31, 2022 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		6 Months Ended
		Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2022
Segment Reporting Information [Line Items]
Total net sales		$ 1,183,388	$ 1,157,725	$ 2,235,322	$ 2,085,140
Total income from operations		85,818	165,853	132,055	239,356
General corporate expenses		(15,806)	(16,721)	(31,477)	(28,242)
Total inventory		697,474	483,148	697,474	483,148	$ 569,699
Total rental product, net	[1]	59,236	10,900	59,236	10,900	32,075
Total property and equipment, net		1,150,247	1,047,751	1,150,247	1,047,751	1,145,085
Retail Operations
Segment Reporting Information [Line Items]
Total net sales		1,095,191	1,089,022	2,058,626	1,946,508
Total inventory		623,562	438,144	623,562	438,144	507,510
Total property and equipment, net		1,114,792	1,016,644	1,114,792	1,016,644	1,113,294
Wholesale Operations
Segment Reporting Information [Line Items]
Total net sales		59,421	58,764	125,071	120,873
Total inventory		73,912	45,004	73,912	45,004	62,189
Total property and equipment, net		1,174	1,762	1,174	1,762	1,458
Nuuly operations
Segment Reporting Information [Line Items]
Total net sales		28,776	9,939	51,625	17,759
Total rental product, net	[1]	59,236	10,900	59,236	10,900	32,075
Total property and equipment, net		34,281	29,345	34,281	29,345	$ 30,333
Operating Segments
Segment Reporting Information [Line Items]
Total net sales		1,183,388	1,157,725	2,235,322	2,085,140
Total income from operations		101,624	182,574	163,532	267,598
Operating Segments | Retail Operations
Segment Reporting Information [Line Items]
Total net sales		1,095,191	1,089,022	2,058,626	1,946,508
Total income from operations		96,292	176,829	151,833	250,874
Operating Segments | Wholesale Operations
Segment Reporting Information [Line Items]
Total net sales		61,900	61,985	130,971	128,563
Total income from operations		7,534	9,099	17,239	23,279
Operating Segments | Nuuly operations
Segment Reporting Information [Line Items]
Total net sales		28,776	9,939	51,625	17,759
Total income from operations		(2,379)	(3,618)	(6,130)	(6,900)
Intersegment Elimination
Segment Reporting Information [Line Items]
Total net sales		(2,479)	(3,221)	(5,900)	(7,690)
Total income from operations		$ 177	$ 264	$ 590	$ 345
[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		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 1,183,388	$ 1,157,725	$ 2,235,322	$ 2,085,140
Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 1,095,191	$ 1,089,022	$ 2,058,626	$ 1,946,508
Total net sales, percentage	100%	100%	100%	100%
Wholesale Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 59,421	$ 58,764	$ 125,071	$ 120,873
Total net sales, percentage	100%	100%	100%	100%
Nuuly operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 28,776	$ 9,939	$ 51,625	$ 17,759
Apparel | Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 721,966	$ 721,570	$ 1,360,941	$ 1,269,056
Total net sales, percentage	66%	66%	66%	65%
Apparel | Wholesale Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 54,215	$ 56,342	$ 113,727	$ 116,658
Total net sales, percentage	91%	96%	91%	97%
Home | Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 193,098	$ 188,298	$ 355,908	$ 361,684
Total net sales, percentage	18%	18%	17%	19%
Accessories | Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 133,783	$ 133,408	$ 247,625	$ 233,451
Total net sales, percentage	12%	12%	12%	12%
Accessories | Wholesale Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 5,011	$ 2,212	$ 10,974	$ 3,823
Total net sales, percentage	9%	4%	9%	3%
Other | Retail Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 46,344	$ 45,746	$ 94,152	$ 82,317
Total net sales, percentage	4%	4%	5%	4%
Other | Wholesale Operations
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 195	$ 210	$ 370	$ 392

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		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2022
Segment Reporting Information [Line Items]
Total property and equipment, net	$ 1,150,247	$ 1,047,751	$ 1,150,247	$ 1,047,751	$ 1,145,085
Total net sales	1,183,388	1,157,725	2,235,322	2,085,140
Domestic Operations
Segment Reporting Information [Line Items]
Total property and equipment, net	990,457	844,912	990,457	844,912	965,777
Total net sales	1,022,318	998,580	1,935,882	1,825,375
Foreign Operations
Segment Reporting Information [Line Items]
Total property and equipment, net	159,790	202,839	159,790	202,839	$ 179,308
Total net sales	$ 161,070	$ 159,145	$ 299,440	$ 259,765