Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Oct. 28, 2017 | Nov. 28, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Oct. 28, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | SMRT | |
Entity Registrant Name | STEIN MART INC | |
Entity Central Index Key | 884,940 | |
Current Fiscal Year End Date | --02-03 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 47,952,360 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Oct. 28, 2017 | Jan. 28, 2017 | Oct. 29, 2016 |
Current assets: | |||
Cash and cash equivalents | $ 13,230 | $ 10,604 | $ 13,968 |
Inventories | 311,255 | 291,110 | 383,932 |
Prepaid expenses and other current assets | 31,371 | 30,249 | 29,980 |
Total current assets | 355,856 | 331,963 | 427,880 |
Property and equipment, net of accumulated depreciation and amortization of $236,623, $218,304 and $212,689, respectively | 159,006 | 165,542 | 172,771 |
Other assets | 30,192 | 30,344 | 29,831 |
Total assets | 545,054 | 527,849 | 630,482 |
Current liabilities: | |||
Accounts payable | 179,666 | 114,419 | 208,161 |
Current portion of long-term debt | 3,333 | 10,000 | 10,000 |
Accrued expenses and other current liabilities | 78,595 | 72,772 | 77,076 |
Total current liabilities | 261,594 | 197,191 | 295,237 |
Long-term debt, net of current portion | 147,472 | 171,792 | 169,681 |
Deferred rent | 41,592 | 41,774 | 42,266 |
Other liabilities | 47,219 | 46,832 | 45,401 |
Total liabilities | 497,877 | 457,589 | 552,585 |
COMMITMENTS AND CONTINGENCIES | |||
Shareholders' equity: | |||
Preferred stock - $.01 par value, 1,000,000 shares authorized; no shares issued or outstanding | |||
Common stock - $.01 par value; 100,000,000 shares authorized; 47,867,630, 47,018,942 and 46,919,426 shares issued and outstanding, respectively | 479 | 470 | 469 |
Additional paid-in capital | 54,528 | 50,241 | 49,497 |
Retained (deficit) earnings | (7,552) | 19,853 | 28,196 |
Accumulated other comprehensive loss | (278) | (304) | (265) |
Total shareholders' equity | 47,177 | 70,260 | 77,897 |
Total liabilities and shareholders' equity | $ 545,054 | $ 527,849 | $ 630,482 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Oct. 28, 2017 | Jan. 28, 2017 | Oct. 29, 2016 |
Statement of Financial Position [Abstract] | |||
Accumulated depreciation and amortization | $ 236,623 | $ 218,304 | $ 212,689 |
Preferred stock, par value | $ 0.01 | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 | 0 |
Common stock, par value | $ 0.01 | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 100,000,000 | 100,000,000 | 100,000,000 |
Common stock, shares issued | 47,867,630 | 47,018,942 | 46,919,426 |
Common stock, shares outstanding | 47,867,630 | 47,018,942 | 46,919,426 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Income Statement [Abstract] | ||||
Net sales | $ 285,395 | $ 299,527 | $ 933,766 | $ 975,000 |
Cost of merchandise sold | 217,126 | 226,816 | 705,273 | 703,958 |
Gross profit | 68,269 | 72,711 | 228,493 | 271,042 |
Selling, general and administrative expenses | 92,158 | 89,034 | 263,853 | 259,348 |
Operating (loss) income | (23,889) | (16,323) | (35,360) | 11,694 |
Interest expense, net | 1,156 | 949 | 3,437 | 2,798 |
(Loss) income before income taxes | (25,045) | (17,272) | (38,797) | 8,896 |
Income tax (benefit) expense | (10,429) | (6,262) | (14,888) | 3,588 |
Net (loss) income | $ (14,616) | $ (11,010) | $ (23,909) | $ 5,308 |
Net (loss) earnings per common share: | ||||
Basic | $ (0.31) | $ (0.24) | $ (0.52) | $ 0.12 |
Diluted | $ (0.31) | $ (0.24) | $ (0.52) | $ 0.11 |
Weighted-average shares outstanding: | ||||
Basic | 46,447 | 45,845 | 46,292 | 45,720 |
Diluted | 46,447 | 45,845 | 46,292 | 46,599 |
Dividends declared per common share | $ 0.075 | $ 0.075 | $ 0.225 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Statement of Comprehensive Income [Abstract] | ||||
Net (loss) income | $ (14,616) | $ (11,010) | $ (23,909) | $ 5,308 |
Other comprehensive income, net of tax: | ||||
Amounts reclassified from accumulated other comprehensive loss | 9 | 4 | 26 | 14 |
Comprehensive (loss) income | $ (14,607) | $ (11,006) | $ (23,883) | $ 5,322 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Oct. 28, 2017 | Oct. 29, 2016 | |
Cash flows from operating activities: | ||
Net (loss) income | $ (23,909) | $ 5,308 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
Depreciation and amortization | 24,254 | 23,636 |
Share-based compensation | 4,194 | 6,306 |
Store closing charges | 97 | 25 |
Impairment of property and other assets | 640 | 277 |
Loss on disposal of property and equipment | 287 | 14 |
Deferred income taxes | 1,900 | 520 |
Tax expense from equity issuances | (187) | |
Excess tax benefits from share-based compensation | (31) | |
Changes in assets and liabilities: | ||
Inventories | (20,145) | (90,324) |
Prepaid expenses and other current assets | (1,122) | (11,581) |
Other assets | (820) | (831) |
Accounts payable | 65,298 | 102,469 |
Accrued expenses and other current liabilities | 4,696 | 6,812 |
Other liabilities | (2,566) | 14,764 |
Net cash provided by operating activities | 52,804 | 57,177 |
Cash flows from investing activities: | ||
Net acquisition of property and equipment | (17,168) | (35,026) |
Proceeds from cancelled corporate owned life insurance policies | 1,504 | 246 |
Net cash used in investing activities | (15,664) | (34,780) |
Cash flows from financing activities: | ||
Proceeds from borrowings | 290,169 | 292,183 |
Repayments of debt | (321,187) | (302,683) |
Cash dividends paid | (3,597) | (10,378) |
Capital lease payments | (1) | |
Excess tax benefits from share-based compensation | 31 | |
Proceeds from exercise of stock options and other | 328 | 1,715 |
Repurchase of common stock | (226) | (1,127) |
Net cash used in financing activities | (34,514) | (20,259) |
Net increase in cash and cash equivalents | 2,626 | 2,138 |
Cash and cash equivalents at beginning of year | 10,604 | 11,830 |
Cash and cash equivalents at end of period | 13,230 | 13,968 |
Supplemental disclosures of cash flow information: | ||
Income taxes (received) paid | (18,103) | 11,818 |
Interest paid | 3,340 | 2,715 |
Accruals and accounts payable for capital expenditures | 2,479 | $ 2,866 |
Property and equipment acquired through capital lease | $ 826 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Oct. 28, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | 1. Basis of Presentation The accompanying Condensed Consolidated Financial Statements (Unaudited) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q S-X. 10-K/A As used herein, the terms “we,” “our,” “us” and “Stein Mart” refer to Stein Mart, Inc. and its wholly-owned subsidiaries. Certain reclassifications have been made in the Condensed Consolidated Statements of Cash Flows (Unaudited) during the 39 weeks ended October 29, 2016, to conform to the 2017 presentation. Correction of an Immaterial Error During the fourth quarter of fiscal 2016, we identified an immaterial prior period error in our lower-of-cost-or-market out-of-period Accrued Expenses and Other Current Liabilities The major components of accrued expenses and other current liabilities are as follows (in thousands): October 28, 2017 January 28, 2017 October 29, 2016 Compensation and employee benefits $ 7,944 $ 11,016 $ 7,701 Unredeemed gift and merchandise return cards 8,777 11,954 8,180 Property taxes 17,364 14,274 15,000 Accrued vacation 7,715 7,715 7,306 Other 36,795 27,813 38,889 Accrued expenses and other current liabilities $ 78,595 $ 72,772 $ 77,076 Capital Leases In October 2017, Stein Mart entered into a three-year capital lease agreement for networking and telephone equipment. The capital lease agreement carries a bargain purchase option for the equipment. The leased networking equipment has a useful life of three years and the telephone equipment has a useful life of five years; the equipment will be depreciated on a straight-line basis over the respective periods. The leased equipment was recorded at fair value as this amount was less than the present value of the minimum lease payments, which was $0.8 million. The gross value of assets subject to capital leases was $0.8 million as of October 28, 2017, and is included in Property and equipment, net on the Condensed Consolidated Balance Sheets (Unaudited). The remaining capital lease obligation of $0.8 million as of October 28, 2017, is split between Accrued expenses and other current liabilities for the short-term portion and Other liabilities for the long-term portion on the Condensed Consolidated Balance Sheets (Unaudited). Hurricanes Harvey and Irma During the third quarter of 2017, hurricanes Harvey and Irma made landfall in Texas and Florida, respectively. We operate 44 stores in Texas and 46 stores in Florida and approximately half of these locations were closed for multiple days or had reduced hours of operation. We have recognized a loss of approximately $1.4 million in hurricane-related expenses, mainly related to damaged inventory. We have also received $0.5 million in insurance recoveries during the period. We continue to work with our insurers on our claims and will recover additional amounts for our losses related to the hurricanes. Those recoveries will be recorded when they are received. Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-04, Liabilities-Extinguishments of Liabilities Subtopic 405-20 Recognition of Breakage for Certain Prepaid Stored-Value Products In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-02 in In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) No. 2014-09 We have completed an initial scoping analysis of the effect of the standards to identify the revenue streams that may be affected by this ASU. In our ongoing evaluation of this ASU, we have determined that the new standard will primarily apply to the following areas of our business: point of sale transactions, ecommerce, consignment, drop ship, shipping and handling, credit card income, gift card breakage and loyalty programs. We expect the adoption will not change the timing or amount of revenue recognized as it relates to revenue from point of sale at the registers in our stores, which constitutes approximately 97% of our Net sales revenue. We continue to evaluate other revenue streams, such as ecommerce sales and shipping revenue, and there may be a slight change in the timing of when such revenue is recognized. This guidance was deferred by ASU No. 2015-14, |
Shareholders' Equity
Shareholders' Equity | 9 Months Ended |
Oct. 28, 2017 | |
Equity [Abstract] | |
Shareholders' Equity | 2. Shareholders’ Equity Dividends During the 39 weeks ended October 28, 2017, we paid a quarterly dividend of $0.075 per common share on April 14, 2017. During the 39 weeks ended October 29, 2016, we paid three quarterly dividends of $0.075 per common share on April 15, 2016, July 15, 2016 and October 14, 2016. Stock Repurchase Plan During the 13 weeks ended October 28, 2017, we repurchased 5,636 shares of our common stock at a total cost of less than $0.1 million. During the 13 weeks ended October 29, 2016, we repurchased 15,999 shares of our common stock at a total cost of approximately $0.1 million. During the 39 weeks ended October 28, 2017, we repurchased 69,122 shares of our common stock at a total cost of approximately $0.2 million. During the 39 weeks ended October 29, 2016, we repurchased 166,657 shares of our common stock at a total cost of approximately $1.1 million. Stock repurchases were for tax withholding amounts due on employee stock awards and during 2017 and 2016, included no shares purchased on the open market under our previously authorized stock repurchase plan. As of October 28, 2017, there are 427,408 shares that can be repurchased pursuant to the Board of Directors’ current authorization. |
Earnings per Share
Earnings per Share | 9 Months Ended |
Oct. 28, 2017 | |
Earnings Per Share [Abstract] | |
Earnings per Share | 3. Earnings per Share Our restricted stock awards granted in 2013 contain non-forfeitable two-class two-class The following table sets forth the calculation of basic and diluted (loss) earnings per common share (in thousands, except per share data): 13 Weeks Ended 13 Weeks Ended 39 Weeks Ended 39 Weeks Ended October 28, 2017 October 29, 2016 October 28, 2017 October 29, 2016 Basic: Net (loss) income $ (14,616 ) $ (11,010 ) $ (23,909 ) $ 5,308 Income allocated to participating securities - 18 2 22 Net (loss) income available to common shareholders $ (14,616 ) $ (11,028 ) $ (23,911 ) $ 5,286 Basic weighted-average shares outstanding 46,447 45,845 46,292 45,720 Basic (loss) earnings per common share $ (0.31 ) $ (0.24 ) $ (0.52 ) $ 0.12 Diluted: Net (loss) income $ (14,616 ) $ (11,010 ) $ (23,909 ) $ 5,308 Income allocated to diluted participating securities - 18 2 22 Net (loss) income available to common shareholders $ (14,616 ) $ (11,028 ) $ (23,911 ) $ 5,286 Basic weighted-average shares outstanding 46,447 45,845 46,292 45,720 Incremental shares from share-based compensation plans - - - 879 Diluted weighted-average shares outstanding 46,447 45,845 46,292 46,599 Diluted (loss) earnings per common share $ (0.31 ) $ (0.24 ) $ (0.52 ) $ 0.11 Options to acquire shares and performance share awards totaling approximately 2.9 million and 1.4 million shares of common stock that were outstanding during the 13 weeks ended October 28, 2017 and October 29, 2016, respectively, were not included in the computation of diluted (loss) earnings per common share. Options excluded were those that had exercise prices greater than the average market price of the common shares such that inclusion would have been anti-dilutive. Options to acquire shares and performance share awards totaling approximately 2.9 million and 2.1 million shares of common stock that were outstanding during the 39 weeks ended October 28, 2017 and October 29, 2016, respectively, were not included in the computation of diluted (loss) earnings per common share. Options excluded were those that had exercise prices greater than the average market price of the common shares such that inclusion would have been anti-dilutive. For periods of net loss, basic and diluted EPS are the same, as the assumed conversion of stock options and performance awards are anti-dilutive. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Oct. 28, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 4. Commitments and Contingencies We are involved in various routine legal proceedings incidental to the conduct of our business. During the 13 weeks ended October 28, 2017, we did not accrue for any actual or anticipated legal settlements. During the 13 weeks ended October 29, 2016, we accrued less than $0.1 million for actual and anticipated legal settlements. During the 39 weeks ended October 28, 2017 we did not accrue for any actual or anticipated legal settlements. During the 39 weeks ended October 29, 2016, we accrued $1.9 million for actual and anticipated legal settlements. While some of these matters could be material to our results of operations or cash flows for any particular period if an unfavorable outcome results, we do not believe that the ultimate resolution of currently pending legal proceedings, either individually or in the aggregate, will have a material adverse effect on our overall financial condition. |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 9 Months Ended |
Oct. 28, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying Condensed Consolidated Financial Statements (Unaudited) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q S-X. 10-K/A As used herein, the terms “we,” “our,” “us” and “Stein Mart” refer to Stein Mart, Inc. and its wholly-owned subsidiaries. Certain reclassifications have been made in the Condensed Consolidated Statements of Cash Flows (Unaudited) during the 39 weeks ended October 29, 2016, to conform to the 2017 presentation. |
Correction of an Immaterial Error | Correction of an Immaterial Error During the fourth quarter of fiscal 2016, we identified an immaterial prior period error in our lower-of-cost-or-market out-of-period |
Capital Leases | Capital Leases In October 2017, Stein Mart entered into a three-year capital lease agreement for networking and telephone equipment. The capital lease agreement carries a bargain purchase option for the equipment. The leased networking equipment has a useful life of three years and the telephone equipment has a useful life of five years; the equipment will be depreciated on a straight-line basis over the respective periods. The leased equipment was recorded at fair value as this amount was less than the present value of the minimum lease payments, which was $0.8 million. The gross value of assets subject to capital leases was $0.8 million as of October 28, 2017, and is included in Property and equipment, net on the Condensed Consolidated Balance Sheets (Unaudited). The remaining capital lease obligation of $0.8 million as of October 28, 2017, is split between Accrued expenses and other current liabilities for the short-term portion and Other liabilities for the long-term portion on the Condensed Consolidated Balance Sheets (Unaudited). |
Hurricanes Harvey and Irma | Hurricanes Harvey and Irma During the third quarter of 2017, hurricanes Harvey and Irma made landfall in Texas and Florida, respectively. We operate 44 stores in Texas and 46 stores in Florida and approximately half of these locations were closed for multiple days or had reduced hours of operation. We have recognized a loss of approximately $1.4 million in hurricane-related expenses, mainly related to damaged inventory. We have also received $0.5 million in insurance recoveries during the period. We continue to work with our insurers on our claims and will recover additional amounts for our losses related to the hurricanes. Those recoveries will be recorded when they are received. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-04, Liabilities-Extinguishments of Liabilities Subtopic 405-20 Recognition of Breakage for Certain Prepaid Stored-Value Products In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-02 in In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) No. 2014-09 We have completed an initial scoping analysis of the effect of the standards to identify the revenue streams that may be affected by this ASU. In our ongoing evaluation of this ASU, we have determined that the new standard will primarily apply to the following areas of our business: point of sale transactions, ecommerce, consignment, drop ship, shipping and handling, credit card income, gift card breakage and loyalty programs. We expect the adoption will not change the timing or amount of revenue recognized as it relates to revenue from point of sale at the registers in our stores, which constitutes approximately 97% of our Net sales revenue. We continue to evaluate other revenue streams, such as ecommerce sales and shipping revenue, and there may be a slight change in the timing of when such revenue is recognized. This guidance was deferred by ASU No. 2015-14, |
Basis of Presentation (Tables)
Basis of Presentation (Tables) | 9 Months Ended |
Oct. 28, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Major Components of Accrued Expenses and Other Current Liabilities | The major components of accrued expenses and other current liabilities are as follows (in thousands): October 28, 2017 January 28, 2017 October 29, 2016 Compensation and employee benefits $ 7,944 $ 11,016 $ 7,701 Unredeemed gift and merchandise return cards 8,777 11,954 8,180 Property taxes 17,364 14,274 15,000 Accrued vacation 7,715 7,715 7,306 Other 36,795 27,813 38,889 Accrued expenses and other current liabilities $ 78,595 $ 72,772 $ 77,076 |
Earnings per Share (Tables)
Earnings per Share (Tables) | 9 Months Ended |
Oct. 28, 2017 | |
Earnings Per Share [Abstract] | |
Calculation of Basic and Diluted (Loss) Earning Per Common Share | The following table sets forth the calculation of basic and diluted (loss) earnings per common share (in thousands, except per share data): 13 Weeks Ended 13 Weeks Ended 39 Weeks Ended 39 Weeks Ended October 28, 2017 October 29, 2016 October 28, 2017 October 29, 2016 Basic: Net (loss) income $ (14,616 ) $ (11,010 ) $ (23,909 ) $ 5,308 Income allocated to participating securities - 18 2 22 Net (loss) income available to common shareholders $ (14,616 ) $ (11,028 ) $ (23,911 ) $ 5,286 Basic weighted-average shares outstanding 46,447 45,845 46,292 45,720 Basic (loss) earnings per common share $ (0.31 ) $ (0.24 ) $ (0.52 ) $ 0.12 Diluted: Net (loss) income $ (14,616 ) $ (11,010 ) $ (23,909 ) $ 5,308 Income allocated to diluted participating securities - 18 2 22 Net (loss) income available to common shareholders $ (14,616 ) $ (11,028 ) $ (23,911 ) $ 5,286 Basic weighted-average shares outstanding 46,447 45,845 46,292 45,720 Incremental shares from share-based compensation plans - - - 879 Diluted weighted-average shares outstanding 46,447 45,845 46,292 46,599 Diluted (loss) earnings per common share $ (0.31 ) $ (0.24 ) $ (0.52 ) $ 0.11 |
Basis of Presentation - Additio
Basis of Presentation - Additional Information (Detail) | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||
Oct. 28, 2017USD ($)Store | Oct. 28, 2017USD ($)Store | Oct. 29, 2016USD ($) | Oct. 28, 2017USD ($)Store | Oct. 29, 2016USD ($) | |
Basis Of Presentation And Organization [Line Items] | |||||
Immaterial Error Correction | During the fourth quarter of fiscal 2016, we identified an immaterial prior period error in our lower-of-cost-or-market adjustment for aged inventory. The immaterial error was corrected with a charge during the fourth quarter of fiscal 2016 resulting in an out-of-period increase in Cost of merchandise sold. The effect of this immaterial error on the 13 and 39 weeks ended October 29, 2016 would have been an increase of $0.2 million to Cost of merchandise sold, a decrease of $0.1 million in net income and an increase of $0.7 million to Cost of merchandise sold and a decrease of $0.4 million in net income, respectively. | ||||
Cost of merchandise sold | $ 217,126,000 | $ 226,816,000 | $ 705,273,000 | $ 703,958,000 | |
Net income (loss) | (14,616,000) | (11,010,000) | (23,909,000) | 5,308,000 | |
Capital lease agreement term | 3 years | ||||
Present value of the minimum capital lease payments | $ 800,000 | 800,000 | 800,000 | ||
Gross value of assets subject to capital leases | $ 800,000 | 800,000 | $ 800,000 | ||
Loss due to natural calamity | 1,400,000 | ||||
Insurance recoveries | $ 500,000 | ||||
Texas [Member] | |||||
Basis Of Presentation And Organization [Line Items] | |||||
Number of stores | Store | 44 | 44 | 44 | ||
Florida [Member] | |||||
Basis Of Presentation And Organization [Line Items] | |||||
Number of stores | Store | 46 | 46 | 46 | ||
Networking Equipment [Member] | |||||
Basis Of Presentation And Organization [Line Items] | |||||
Useful life of leased agreement | Three years | ||||
Telephone Equipment [Member] | |||||
Basis Of Presentation And Organization [Line Items] | |||||
Useful life of leased agreement | Five years | ||||
Sales Revenue, Net [Member] | Product Concentration Risk [Member] | |||||
Basis Of Presentation And Organization [Line Items] | |||||
Concentration risk, percentage | 97.00% | ||||
Restatement Adjustment [Member] | |||||
Basis Of Presentation And Organization [Line Items] | |||||
Cost of merchandise sold | 200,000 | 700,000 | |||
Net income (loss) | $ (100,000) | $ (400,000) |
Basis of Presentation - Major C
Basis of Presentation - Major Components of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands | Oct. 28, 2017 | Jan. 28, 2017 | Oct. 29, 2016 |
Accrued Liabilities and Other Liabilities [Abstract] | |||
Compensation and employee benefits | $ 7,944 | $ 11,016 | $ 7,701 |
Unredeemed gift and merchandise return cards | 8,777 | 11,954 | 8,180 |
Property taxes | 17,364 | 14,274 | 15,000 |
Accrued vacation | 7,715 | 7,715 | 7,306 |
Other | 36,795 | 27,813 | 38,889 |
Accrued expenses and other current liabilities | $ 78,595 | $ 72,772 | $ 77,076 |
Shareholders' Equity - Addition
Shareholders' Equity - Additional Information (Detail) - USD ($) | Apr. 14, 2017 | Oct. 14, 2016 | Jul. 15, 2016 | Apr. 15, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 |
Schedule of Shareholders' Equity [Line Items] | ||||||||
Dividends declared and cash paid per share | $ 0.075 | $ 0.075 | $ 0.075 | $ 0.075 | ||||
Repurchase of shares | 5,636 | 15,999 | 69,122 | 166,657 | ||||
Repurchase shares value | $ 100,000 | $ 200,000 | $ 1,100,000 | |||||
Board of Directors [Member] | ||||||||
Schedule of Shareholders' Equity [Line Items] | ||||||||
Repurchase of shares | 0 | 0 | ||||||
Repurchase of shares, remaining | 427,408 | 427,408 | ||||||
Maximum [Member] | ||||||||
Schedule of Shareholders' Equity [Line Items] | ||||||||
Repurchase shares value | $ 100,000 |
Earnings Per Share - Calculatio
Earnings Per Share - Calculation of Basic and Diluted (Loss) Earning Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Basic: | ||||
Net (loss) income | $ (14,616) | $ (11,010) | $ (23,909) | $ 5,308 |
Income allocated to participating securities | 18 | 2 | 22 | |
Net (loss) income available to common shareholders | $ (14,616) | $ (11,028) | $ (23,911) | $ 5,286 |
Basic weighted-average shares outstanding | 46,447 | 45,845 | 46,292 | 45,720 |
Basic (loss) earnings per common share | $ (0.31) | $ (0.24) | $ (0.52) | $ 0.12 |
Diluted: | ||||
Net (loss) income | $ (14,616) | $ (11,010) | $ (23,909) | $ 5,308 |
Income allocated to diluted participating securities | 18 | 2 | 22 | |
Net (loss) income available to common shareholders | $ (14,616) | $ (11,028) | $ (23,911) | $ 5,286 |
Basic weighted-average shares outstanding | 46,447 | 45,845 | 46,292 | 45,720 |
Incremental shares from share-based compensation plans | 879 | |||
Diluted weighted-average shares outstanding | 46,447 | 45,845 | 46,292 | 46,599 |
Diluted (loss) earnings per common share | $ (0.31) | $ (0.24) | $ (0.52) | $ 0.11 |
Earnings Per Share - Additional
Earnings Per Share - Additional Information (Detail) - shares shares in Millions | 3 Months Ended | 9 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Earnings Per Share [Abstract] | ||||
Antidilutive options and market based performance shares | 2.9 | 1.4 | 2.9 | 2.1 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Contingencies And Commitments [Line Items] | ||||
Actual and anticipated legal settlements accrued | $ 0 | $ 0 | $ 1,900,000 | |
Maximum [Member] | ||||
Contingencies And Commitments [Line Items] | ||||
Actual and anticipated legal settlements accrued | $ 100,000 |