0001193125-19-242127 | 10-Q | XBRL Viewer | Dave Busters Entertainment INC

Print Document View Excel Document

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018
Earnings Per Share [Abstract]
Weighted average anti-dilutive options excluded from calculation of common equivalent shares	160,967	90,143	97,502	99,331

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 04, 2019	Feb. 03, 2019
Current assets:
Cash and cash equivalents	$ 23,318	$ 21,585
Inventories	27,409	27,315
Prepaid expenses	16,918	20,713
Income taxes receivable	1,569	1,880
Other current assets	9,001	19,600
Total current assets	78,215	91,093
Property and equipment (net of $627,036 and $578,178 accumulated depreciation as of August 4, 2019 and February 3, 2019, respectively)	851,715	805,337
Operating lease right of use assets	924,461
Deferred tax assets	8,529	6,736
Tradenames	79,000	79,000
Goodwill	272,633	272,625
Other assets and deferred charges	19,524	18,396
Total assets	2,234,077	1,273,187
Current liabilities:
Current installments of long-term debt	15,000	15,000
Accounts payable	53,898	60,427
Accrued liabilities	183,306	157,164
Income taxes payable	4,437	11,799
Total current liabilities	256,641	244,390
Deferred income taxes	18,822	14,634
Deferred occupancy costs		223,678
Operating lease liabilities	1,125,874
Other liabilities	31,359	24,179
Long-term debt, net	552,079	378,469
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 43,337,125 shares at August 4, 2019 and 43,177,476 shares at February 3, 2019; outstanding: 32,978,834 shares at August 4, 2019 and 37,522,085 shares at February 3, 2019	433	432
Preferred stock, 50,000,000 authorized; none issued	0	0
Paid-in capital	335,599	331,255
Treasury stock, 10,358,291 and 5,655,391 shares as of August 4, 2019 and February 3, 2019, respectively	(497,862)	(297,129)
Accumulated other comprehensive loss	(6,647)	(683)
Retained earnings	417,779	353,962
Total stockholders' equity	249,302	387,837
Total liabilities and stockholders' equity	$ 2,234,077	$ 1,273,187

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-In Capital [Member]	Treasury Stock at Cost [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]
Beginning balance at Feb. 04, 2018	$ 421,646	$ 427	$ 320,488	$ (147,331)	$ (249)	$ 248,311
Beginning balance, shares at Feb. 04, 2018		42,660,806		2,558,721
Net income	75,929					75,929
Unrealized foreign currency translation gain (loss)	(362)				(362)
Share-based compensation	4,014		4,014
Issuance of common stock	1,451	$ 2	1,449
Issuance of common stock, shares		277,182
Repurchase of common stock	(61,753)			$ (61,753)
Repurchase of common stock, shares				1,351,312
Ending balance at Aug. 05, 2018	440,925	$ 429	325,951	$ (209,084)	(611)	324,240
Ending balance, shares at Aug. 05, 2018		42,937,988		3,910,033
Beginning balance at May. 06, 2018	438,210	$ 428	323,211	$ (175,372)	(518)	290,461
Beginning balance, shares at May. 06, 2018		42,801,006		3,181,280
Net income	33,779					33,779
Unrealized foreign currency translation gain (loss)	(93)				(93)
Share-based compensation	1,626		1,626
Issuance of common stock	1,115	$ 1	1,114
Issuance of common stock, shares		136,982
Repurchase of common stock	(33,712)			$ (33,712)
Repurchase of common stock, shares				728,753
Ending balance at Aug. 05, 2018	440,925	$ 429	325,951	$ (209,084)	(611)	324,240
Ending balance, shares at Aug. 05, 2018		42,937,988		3,910,033
Beginning balance at Feb. 03, 2019	387,837	$ 432	331,255	$ (297,129)	(683)	353,962
Beginning balance, shares at Feb. 03, 2019		43,177,476		5,655,391
Cumulative effect of a change in accounting principle, net of tax	(145)					(145)
Net income	74,799					74,799
Unrealized foreign currency translation gain (loss)	(57)				(57)
Change in fair value of derivatives, net of tax	(5,907)				(5,907)
Share-based compensation	3,732		3,732
Issuance of common stock	613	$ 1	612
Issuance of common stock, shares		159,649
Repurchase of common stock	$ (200,733)			$ (200,733)
Repurchase of common stock, shares	4,691,564			4,702,900
Dividends declared	$ (10,837)					(10,837)
Ending balance at Aug. 04, 2019	249,302	$ 433	335,599	$ (497,862)	(6,647)	417,779
Ending balance, shares at Aug. 04, 2019		43,337,125		10,358,291
Beginning balance at May. 05, 2019	360,125	$ 433	333,515	$ (361,186)	(3,408)	390,771
Beginning balance, shares at May. 05, 2019		43,323,049		6,958,291
Net income	32,356					32,356
Unrealized foreign currency translation gain (loss)	134				134
Change in fair value of derivatives, net of tax	(3,373)				(3,373)
Share-based compensation	1,907		1,907
Issuance of common stock	177		177
Issuance of common stock, shares		14,076
Repurchase of common stock	$ (136,676)			$ (136,676)
Repurchase of common stock, shares	3,400,000			3,400,000
Dividends declared	$ (5,348)					(5,348)
Ending balance at Aug. 04, 2019	$ 249,302	$ 433	$ 335,599	$ (497,862)	$ (6,647)	$ 417,779
Ending balance, shares at Aug. 04, 2019		43,337,125		10,358,291

Summary of Significant Accounting Policies

6 Months Ended

Aug. 04, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1: Summary of Significant Accounting Policies

Basis of presentation

— Dave & Buster’s Entertainment, Inc. (“D&B Entertainment”) is a Delaware corporation formed in June 2010. References to the “Company”, “we”, “us”, and “our” refers to D&B Entertainment, any predecessor companies, and its wholly-owned subsidiaries, Dave & Buster’s Holdings, Inc. (“D&B Holdings”), a holding company which owns 100% of the outstanding common stock of Dave & Buster’s, Inc. (“D&B Inc”), the operating company. The Company, headquartered in Dallas, Texas, is a leading operator of high-volume entertainment and dining venues (“stores”) in North America for adults and families under the name “Dave & Buster’s”. The Company operates its business as one operating and one reportable segment. During the first half of fiscal 2019, we opened ten stores and permanently closed one store in Duluth (Atlanta), Georgia on March 3, 2019. As of August 4, 2019, we owned and operated 130 stores located in 39 states, Puerto Rico and one Canadian province.

The accompanying unaudited consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company’s financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States for interim financial information as prescribed by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and notes required by GAAP for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. The preparation of consolidated financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Operating results for the

twenty-six

weeks ended August 4, 2019 are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending February 2, 2020. Our quarterly financial data should be read in conjunction with the audited financial statements and notes thereto for the year ended February 3, 2019, included in our Annual Report on Form

10-K

as filed with the SEC.

We operate on a 52 or 53-week fiscal year that ends on the Sunday after the Saturday closest to January 31. Each quarterly period reported has 13 weeks. Fiscal 2019 and 2018, which end on February 2, 2020 and February 3, 2019, contain 52 weeks.

Cash and cash equivalents

— We consider transaction settlements in process from credit card companies and all highly-liquid investments with original maturities of three months or less to be cash equivalents. Our cash management system provides for the daily funding of all major bank disbursement accounts as checks are presented for payment. Under this system, outstanding checks in excess of the cash balances at certain banks creates book overdrafts. Book overdrafts of $12,757 and $12,782 are presented in “Accounts payable” in the Consolidated Balance Sheets as of August 4, 2019 and February 3, 2019, respectively. Changes in the book overdraft position are presented within “Net cash provided by operating activities” within the Consolidated Statements of Cash Flows.

Fair value of financial instruments

— Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. In determining fair value, the accounting standards establish a three-level hierarchy for inputs used in measuring fair value as follows: Level One inputs are quoted prices available for identical assets or liabilities in active markets; Level Two inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; and Level Three inputs are unobservable and reflect management’s own assumptions.

The carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable, and other current liabilities approximate fair value because of their short-term nature. We believe that the carrying amount of our credit facility approximates its fair value because the interest rates are adjusted regularly based on current market conditions. The fair value of the Company’s credit facility was determined to be a Level Two instrument as defined by GAAP. The fair value of the Company’s interest rate swap is determined based upon Level Two inputs which includes valuation models as reported by our counterparties. These valuation models are based on the present value of expected cash flows using forward rate curves.

Non-financial

assets and liabilities recognized or disclosed at fair value in the consolidated financial statements on a nonrecurring basis include such items as property and equipment, goodwill, tradenames and other assets. These assets are measured at fair value when they were evaluated for impairment. During the

twenty-six

weeks ended August 4, 2019, there were

impairments recognized.

Interest rate swaps

— The Company entered into three interest rate swap agreements to manage our exposure to interest rate movements on our variable rate credit facility. The agreements entitle the Company to receive at specified intervals, a variable rate of interest based on

one-month

LIBOR in exchange for the payment of a fixed rate of interest throughout the life of the agreements. The

notional amount of the swap agreements total $350,000 and the fixed rate of interest for all agreements is 2.47% plus the applicable spread. The agreements became effective on February 28, 2019 and mature on August 17, 2022, which is the maturity date of our credit facility. The Company has designated its interest rate swap agreements as a cash flow hedge and accounts for the underlying activity in accordance with hedge accounting. To the extent that the swaps are effective in offsetting the variability of the hedged cash flows, changes in the fair value of the derivatives are not included in earnings but are included in other comprehensive loss. These changes in fair value are subsequently reclassified into net earnings as a component of interest expense as the hedged interest payments are made on our variable rate debt. Cash flows related to the interest rate swaps are included as component of interest expense and in operating activities. Any portion of the fair value of the swaps determined to be ineffective will be recognized currently in earnings.

The following derivative instruments were outstanding as of the end of the period:


			Fair Value
	Balance Sheet Location		August 4, 2019
Derivatives designated as hedging instruments:
Interest rate swaps		Accrued liabilities	$	(1,977	)
Interest rate swaps		Other liabilities		(6,151	)

Total derivatives			$	(8,128	)

The following table summarizes the activity in accumulated other comprehensive loss related to our interest rate swap derivative instruments:


	Thirteen Weeks Ended August 4, 2019			Twenty-six Weeks Ended August 4, 2019
Gain (loss) recognized in accumulated other comprehensive loss	$	(4,668	)	$	(8,140	)
Loss reclassified from accumulated other comprehensive loss into net earnings (1)	$	27		$	12
Income tax (expense) benefit of interest rate swaps on accumulated other comprehensive loss	$	1,268		$	2,221

(1)	Amounts reclassified into net earnings included in “Interest expense, net” in the Consolidated Statements of Comprehensive Income.

Revenue recognition

— Amusement revenues are primarily recognized upon utilization of game play credits on power cards purchased and used by customers to activate most of the video and redemption games. We have deferred a portion of revenues for the estimated unfulfilled performance obligations related to unused game play credits which we believe our customers will utilize in the future. During the thirteen weeks and

twenty-six

weeks ended August 4, 2019, we recognized revenue of approximately $5,000 and $17,000, respectively, related to the amount in deferred amusement revenue as of the end of fiscal 2018.

In jurisdictions where we do not have a legal obligation to remit unredeemed gift card balances to a legal authority, we recognize revenue on unredeemed gift cards in proportion to the pattern of redemption by the customers. During the thirteen and twenty-six weeks ended August 4, 2019, we recognized revenue of approximately $200 and $1,300, respectively, related to the amount in deferred gift card revenue as of the end of fiscal 2018, of which approximately $140 and $430 was gift card breakage revenue.

Stockholders’ equity

— Our Board of Directors has approved a share repurchase program under which the Company may repurchase shares on the open market, through privately negotiated transactions and through trading plans.

The share repurchase program may be modified, suspended or discontinued at any time.

On July 12, 2019, the Company increased its

share repurchase authorization to $

800,000

. The share repurchase authorization expires at the end of fiscal 2020.

During the thirteen and

twenty-six

weeks ended August 4, 2019, the Company purchased

3,400,000

and

4,691,564

shares of common stock at an average cost of $

40.20

and $

42.66

per share, respectively. Since the inception of the repurchase program, the Company has purchased

10,975,355

shares of common stock at an average cost of $

48.29

per share. As of August 4, 2019, we have approximately $

269,990

of share repurchase authorization remaining under the current plan.

In our consolidated financial statements, the Company treats shares withheld for tax purposes on behalf of our employees in connection with the vesting of performance restricted stock units as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase plan. During the

twenty-six

weeks ended August 4, 2019, we withheld 11,336 shares of common stock to satisfy $

586

of employees’ tax obligations.

Recently adopted accounting guidance

— On February 4, 2019, we adopted Accounting Standard Update (“ASU”)

2016-02,

Leases (Topic 842). This new guidance requires the recognition of lease liabilities, representing future minimum lease payments on a discounted basis, and corresponding

right-of-use

(“ROU”) assets on the balance sheet for most leases. We adopted this standard using a modified retrospective approach, and we elected the transition method that allows us to initially apply the new standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The comparative period information had not been restated.

Upon adoption of ASU

2016-02,

we applied the package of practical expedients, which eliminated the requirements to reassess prior conclusions about lease identification, lease classification and initial direct costs. We also elected a short-term lease exception policy and an accounting policy to not separate

non-lease

components from lease components for our facility leases. The adoption of this guidance resulted in the recognition of ROU assets related to our operating leases of $877,714 and operating lease liabilities of $1,116,252. At the date of adoption, all lease-related balances consisting of $239,416 of deferred occupancy costs (including unfavorable lease liabilities) and $878 of favorable lease assets have been eliminated as an adjustment to ROU assets. We also recorded a cumulative effect reduction to the opening balance of retained earnings of $145, net of tax, from adoption of this guidance. There was no significant impact to our results of operations or cash flows.

Recent accounting pronouncements

— In January 2017, the Financial Accounting Standards Board (“FASB”) issued ASU

2017-04,

Intangibles – Goodwill and Other (Topic 350), which eliminates the requirement to calculate the implied fair value of goodwill if the fair value of a reporting unit is less than the carrying amount of the reporting unit. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The guidance is effective for goodwill impairment tests in fiscal years beginning after December 15, 2019 and should be applied on a prospective basis. The Company does not expect the adoption will have a material impact on our consolidated financial statements when we perform future annual impairment tests.

In August 2018, the FASB issued ASU

2018-13,

Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement, which eliminates, modifies and adds disclosure requirements for fair value measurements. The update is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, with early adoption permitted. The Company is currently assessing the impact of this new standard on our consolidated financial statements.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Aug. 04, 2019

Accounting Policies [Abstract]

Basis of presentation

twenty-six

10-K

as filed with the SEC.

Cash and cash equivalents

Fair value of financial instruments

Non-financial

twenty-six

weeks ended August 4, 2019, there were

impairments recognized.

Interest rate swaps

one-month

LIBOR in exchange for the payment of a fixed rate of interest throughout the life of the agreements. The

Interest rate swap

The following derivative instruments were outstanding as of the end of the period:


			Fair Value
	Balance Sheet Location		August 4, 2019
Derivatives designated as hedging instruments:
Interest rate swaps		Accrued liabilities	$	(1,977	)
Interest rate swaps		Other liabilities		(6,151	)

Total derivatives			$	(8,128	)

The following table summarizes the activity in accumulated other comprehensive loss related to our interest rate swap derivative instruments:


	Thirteen Weeks Ended August 4, 2019			Twenty-six Weeks Ended August 4, 2019
Gain (loss) recognized in accumulated other comprehensive loss	$	(4,668	)	$	(8,140	)
Loss reclassified from accumulated other comprehensive loss into net earnings (1)	$	27		$	12
Income tax (expense) benefit of interest rate swaps on accumulated other comprehensive loss	$	1,268		$	2,221

(1)	Amounts reclassified into net earnings included in “Interest expense, net” in the Consolidated Statements of Comprehensive Income.

Revenue recognition

twenty-six

weeks ended August 4, 2019, we recognized revenue of approximately $5,000 and $17,000, respectively, related to the amount in deferred amusement revenue as of the end of fiscal 2018.

Stockholders' equity

Stockholders’ equity

The share repurchase program may be modified, suspended or discontinued at any time.

On July 12, 2019, the Company increased its

share repurchase authorization to $

800,000

. The share repurchase authorization expires at the end of fiscal 2020.

During the thirteen and

twenty-six

weeks ended August 4, 2019, the Company purchased

3,400,000

and

4,691,564

shares of common stock at an average cost of $

40.20

and $

42.66

per share, respectively. Since the inception of the repurchase program, the Company has purchased

10,975,355

shares of common stock at an average cost of $

48.29

per share. As of August 4, 2019, we have approximately $

269,990

of share repurchase authorization remaining under the current plan.

twenty-six

weeks ended August 4, 2019, we withheld 11,336 shares of common stock to satisfy $

586

of employees’ tax obligations.

Recently adopted accounting guidance

— On February 4, 2019, we adopted Accounting Standard Update (“ASU”)

2016-02,

Leases (Topic 842). This new guidance requires the recognition of lease liabilities, representing future minimum lease payments on a discounted basis, and corresponding

right-of-use

Upon adoption of ASU

2016-02,

non-lease

Recent accounting pronouncements

— In January 2017, the Financial Accounting Standards Board (“FASB”) issued ASU

2017-04,

In August 2018, the FASB issued ASU

2018-13,

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Loss (Details) - Interest Rate Swap [Member] - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Aug. 04, 2019

Gain (loss) recognized in accumulated other comprehensive loss

$ (4,668)

$ (8,140)

Income tax (expense) benefit of interest rate swaps on accumulated other comprehensive loss

1,268

2,221

Interest Expense [Member]

Loss reclassified from accumulated other comprehensive loss into net earnings

^[1]

$ 27

$ 12

[1]	Amounts reclassified into net earnings included in “Interest expense, net” in the Consolidated Statements of Comprehensive Income.

Summary of Significant Accounting Policies - Derivative Instruments Outstanding (Details) $ in Thousands	Aug. 04, 2019 USD ($)
Derivatives designated as hedging instruments:
Current portion of derivatives	$ (1,977)
Non-current portion of derivatives	(6,151)
Total derivatives	$ (8,128)

Debt (Tables)

6 Months Ended

Aug. 04, 2019

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consists of the following as of:


	August 4, 2019			February 3, 2019
Credit facility - term	$	273,750		$	281,250
Credit facility - revolver		294,000			113,000

Total debt outstanding		567,750			394,250
Less:
Current installments - term		(15,000	)		(15,000	)
Debt issuance costs - term		(671	)		(781	)

Long-term debt, net	$	552,079		$	378,469

Recorded Interest Expense, Net

Interest expense, net

— The following tables set forth our recorded interest expense, net for the periods indicated:


	Thirteen Weeks Ended August 4, 2019			Thirteen Weeks Ended August 5, 2018
Interest expense on credit facilities	$	4,735		$	3,255
Amortization of issuance cost		198			198
Interest income		(25	)		(28	)
Capitalized interest		(303	)		(201	)
Change in fair value of interest rate cap		—			4

Total interest expense, net	$	4,605		$	3,228

	Twenty-six Weeks Ended August 4, 2019			Twenty-six Weeks Ended August 5, 2018
Interest expense on credit facilities	$	8,915		$	6,278
Amortization of issuance cost		396			396
Interest income		(51	)		(56	)
Capitalized interest		(599	)		(527	)
Change in fair value of interest rate cap		—			(6	)

Total interest expense, net	$	8,661		$	6,085

Earnings per share

6 Months Ended

Aug. 04, 2019

Earnings Per Share [Abstract]

Earnings per share

Note 6: Earnings per share

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and unvested), unvested time-based restricted stock units (RSU’s) and unvested performance RSU’s to the extent performance measures were attained as of the end of the reporting period, calculated using the treasury-stock method. Potential dilutive shares are excluded from the computation of earnings per share (“EPS”) if their effect is anti-dilutive. Stock options for which the exercise price exceeds the average market price over the period are anti-dilutive and, accordingly, are excluded from the calculation. The weighted average anti-dilutive options excluded from the calculation of common equivalent shares were 160,967 and 90,143 in the thirteen weeks ended August 4, 2019 and August 5, 2018, respectively, and 97,502 and 99,331 in the

twenty-six

weeks ended August 4, 2019 and August 5, 2018, respectively.

The following table sets forth the computation of EPS, basic and diluted for the periods indicated:


	Thirteen Weeks Ended August 4, 2019		Thirteen Weeks Ended August 5, 2018
Numerator:
Net income	$	32,356	$	33,779
Denominator:
Weighted average number of common shares outstanding (basic)		35,407,965		39,355,105
Weighted average dilutive impact of equity-based awards		607,745		925,196
Weighted average number of common and common equivalent shares outstanding (diluted)		36,015,710		40,280,301
Net income per share:
Basic	$	0.91	$	0.86
Diluted	$	0.90	$	0.84

	Twenty- s ix Weeks Ended August 4, 2019		Twenty-six Weeks Ended August 5, 2018
Numerator:
Net income	$	74,799	$	75,929
Denominator:
Weighted average number of common shares outstanding (basic)		36,117,815		39,525,263
Weighted average dilutive impact of equity-based awards		685,186		918,938
Weighted average number of common and common equivalent shares outstanding (diluted)		36,803,001		40,444,201
Net income per share:
Basic	$	2.07	$	1.92
Diluted	$	2.03	$	1.88

Share-Based Compensation (Tables)

6 Months Ended

Aug. 04, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]

Compensation expense related to stock options, time-based and performance-based RSU’s and restricted stock are included in general and administrative expenses and were as follows:


	Thirteen Weeks Ended				Twenty-six Weeks Ended
	August 4, 2019		August 5, 2018		August 4, 2019		August 5, 2018
Stock options	$	804		660	$	1,563	$	2,018
RSU’s and restricted stock		1,103		966		2,169		1,996

Total share-based compensation expense	$	1,907	$	1,626	$	3,732	$	4,014

Share-based Compensation, Stock Options, Activity [Table Text Block]

Transactions related to stock option awards during the

twenty-six

weeks ended August 4, 2019 were as follows:


	2014 Stock Incentive Plan					2010 Stock Incentive Plan
	Number of Options			Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price
Outstanding at February 3, 2019		1,134,218		$	34.22		359,984		$	6.48
Granted		222,266			52.04		—			—
Exercised		(8,390	)		37.86		(52,135	)		5.67
Forfeited		(2,882	)		49.62		—			—

Outstanding at August 4, 2019		1,345,212		$	37.11		307,849		$	6.62

Exercisable at August 4, 2019		920,104		$	31.35		307,849		$	6.62

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

Transactions related to time-based and

performance-based

RSU’s and restricted stock during the

twenty-six

weeks ended August 4, 2019 were as follows:


	Shares			Weighted Average Fair Value
Outstanding at February 3, 2019		220,830		$	47.79
Granted		72,768			52.09
Change in units based on performance		27,372			39.10
Vested		(99,124	)		39.64
Forfeited		(1,562	)		49.34

Outstanding at August 4, 2019		220,284		$	51.79

Share-Based Compensation

6 Months Ended

Aug. 04, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

Note 7: Share-Based Compensation

Compensation expense related to stock options, time-based and performance-based RSU’s and restricted stock are included in general and administrative expenses and were as follows:


	Thirteen Weeks Ended				Twenty-six Weeks Ended
	August 4, 2019		August 5, 2018		August 4, 2019		August 5, 2018
Stock options	$	804		660	$	1,563	$	2,018
RSU’s and restricted stock		1,103		966		2,169		1,996

Total share-based compensation expense	$	1,907	$	1,626	$	3,732	$	4,014

Transactions related to stock option awards during the

twenty-six

weeks ended August 4, 2019 were as follows:


	2014 Stock Incentive Plan					2010 Stock Incentive Plan
	Number of Options			Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price
Outstanding at February 3, 2019		1,134,218		$	34.22		359,984		$	6.48
Granted		222,266			52.04		—			—
Exercised		(8,390	)		37.86		(52,135	)		5.67
Forfeited		(2,882	)		49.62		—			—

Outstanding at August 4, 2019		1,345,212		$	37.11		307,849		$	6.62

Exercisable at August 4, 2019		920,104		$	31.35		307,849		$	6.62

The total intrinsic value of options exercised during the

twenty-six

weeks ended August 4, 2019 was $2,505. The unrecognized expense related to our stock option plan totaled approximately $3,916 as of August 4, 2019 and will be expensed over a weighted average period of 2.5 years.

Transactions related to time-based and

performance-based

RSU’s and restricted stock during the

twenty-six

weeks ended August 4, 2019 were as follows:


	Shares			Weighted Average Fair Value
Outstanding at February 3, 2019		220,830		$	47.79
Granted		72,768			52.09
Change in units based on performance		27,372			39.10
Vested		(99,124	)		39.64
Forfeited		(1,562	)		49.34

Outstanding at August 4, 2019		220,284		$	51.79

Fair value of our time-based and performance-based RSU’s and restricted stock is based on our closing stock price on the date of grant. The unrecognized expense related to our time-based and performance-based RSU’s and unvested restricted stock was $6,911 as of August 4, 2019 and will be expensed over a weighted average period of 2.2 years.

During the

twenty-six

weeks ended August 4, 2019, and August 5, 2018, excess tax benefits of $884 and $1,919, respectively, were recognized as a benefit in the “Provision for income taxes” in the Consolidated Statement of Comprehensive Income and classified as a source in operating activities in the Consolidated Statement of Cash Flows.

Forfeitures are estimated at the time of grant and adjusted if necessary, in subsequent periods, if actual forfeitures differ from those estimates. The forfeiture rate is based on historical experience.

Share-Based Compensation - Transactions Related to Stock Option Awards (Detail)	6 Months Ended
	Aug. 04, 2019 $ / shares shares
2014 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 3, 2019 \| shares	1,134,218
Granted \| shares	222,266
Exercised \| shares	(8,390)
Forfeited \| shares	(2,882)
Options outstanding at Aug 4, 2019 \| shares	1,345,212
Options exercisable at Aug 4, 2019 \| shares	920,104
Weighted Average Exercise Price
Options outstanding at February 3, 2019 \| $ / shares	$ 34.22
Granted \| $ / shares	52.04
Exercised \| $ / shares	37.86
Forfeited \| $ / shares	49.62
Options outstanding at Aug 4, 2019 \| $ / shares	37.11
Options exercisable at Aug 4, 2019 \| $ / shares	$ 31.35
2010 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 3, 2019 \| shares	359,984
Exercised \| shares	(52,135)
Options outstanding at Aug 4, 2019 \| shares	307,849
Options exercisable at Aug 4, 2019 \| shares	307,849
Weighted Average Exercise Price
Options outstanding at February 3, 2019 \| $ / shares	$ 6.48
Exercised \| $ / shares	5.67
Options outstanding at Aug 4, 2019 \| $ / shares	6.62
Options exercisable at Aug 4, 2019 \| $ / shares	$ 6.62

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Feb. 04, 2018 USD ($)
Other Commitments [Line Items]
Litigation charge	$ 2,550
Legal gross settlement cost	7,500
Insurance recoveries	$ 4,950

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Aug. 04, 2019	Sep. 04, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 04, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	PLAY
Entity Registrant Name	Dave & Buster’s Entertainment, Inc.
Entity Central Index Key	0001525769
Entity Filer Category	Large Accelerated Filer
Current Fiscal Year End Date	--02-02
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity File Number	001-35664
Entity Incorporation, State or Country Code	DE
Entity Common Stock, Shares Outstanding		30,831,297
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, Address Line One	2481 Mañana Drive
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
City Area Code	214
Entity Address, Postal Zip Code	75220
Local Phone Number	357-9588
Entity Current Reporting Status	Yes
Entity Tax Identification Number	35-2382255
Entity Shell Company	false
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ

Leases - Other Information Related to Leases (Detail) $ in Thousands	6 Months Ended
	Aug. 04, 2019 USD ($)
Leases
Operating cash flows from operating leases	$ 60,148
ROU assets obtained in exchange for new operating lease liabilities	$ 94,059
Weighted-average remaining lease term - operating leases (in years)	15 years 9 months 18 days
Weighted-average discount rate - operating leases	6.00%

Earnings per share (Tables)

6 Months Ended

Aug. 04, 2019

Earnings Per Share [Abstract]

Summary of Calculation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of EPS, basic and diluted for the periods indicated:


	Thirteen Weeks Ended August 4, 2019		Thirteen Weeks Ended August 5, 2018
Numerator:
Net income	$	32,356	$	33,779
Denominator:
Weighted average number of common shares outstanding (basic)		35,407,965		39,355,105
Weighted average dilutive impact of equity-based awards		607,745		925,196
Weighted average number of common and common equivalent shares outstanding (diluted)		36,015,710		40,280,301
Net income per share:
Basic	$	0.91	$	0.86
Diluted	$	0.90	$	0.84

	Twenty- s ix Weeks Ended August 4, 2019		Twenty-six Weeks Ended August 5, 2018
Numerator:
Net income	$	74,799	$	75,929
Denominator:
Weighted average number of common shares outstanding (basic)		36,117,815		39,525,263
Weighted average dilutive impact of equity-based awards		685,186		918,938
Weighted average number of common and common equivalent shares outstanding (diluted)		36,803,001		40,444,201
Net income per share:
Basic	$	2.07	$	1.92
Diluted	$	2.03	$	1.88

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 04, 2019	Feb. 03, 2019
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 627,036	$ 578,178
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	43,337,125	43,177,476
Common stock, shares outstanding	32,978,834	37,522,085
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	10,358,291	5,655,391

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018
Cash flows from operating activities:
Net income	$ 74,799	$ 75,929
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	63,886	56,555
Deferred taxes	4,659	5,508
Loss on disposal of fixed assets	826	693
Share-based compensation	3,732	4,014
Other, net	376	717
Changes in assets and liabilities:
Inventories	(94)	2,567
Prepaid expenses	(4,811)	(1,457)
Income tax receivable	311	3,498
Other current assets	(444)	(8,536)
Other assets and deferred charges	(1,163)	(939)
Accounts payable	(428)	2,766
Accrued liabilities	22,057	10,566
Income taxes payable	(7,362)	4,156
Deferred occupancy costs		28,403
Other liabilities	346	471
Net cash provided by operating activities	156,690	184,911
Cash flows from investing activities:
Capital expenditures	(117,875)	(116,624)
Proceeds from sales of property and equipment	375	118
Net cash used in investing activities	(117,500)	(116,506)
Cash flows from financing activities:
Proceeds from debt	233,000	117,000
Payments of debt	(59,500)	(121,500)
Proceeds from the exercise of stock options	613	1,451
Repurchase of common stock under share repurchase program	(200,147)	(61,080)
Dividends paid	(10,837)
Repurchases of common stock to satisfy employee withholding tax obligations	(586)	(673)
Net cash used in financing activities	(37,457)	(64,802)
Increase in cash and cash equivalents	1,733	3,603
Beginning cash and cash equivalents	21,585	18,795
Ending cash and cash equivalents	23,318	22,398
Supplemental disclosures of cash flow information:
Decrease in fixed asset accounts payable	(6,101)	(8,830)
Cash paid for income taxes, net	22,850	9,338
Cash paid for interest, net	$ 8,050	$ 5,714

Share-Based Compensation - Summary of Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018
Share-based Compensation [Abstract]
Stock options	$ 804	$ 660	$ 1,563	$ 2,018
RSU's and restricted stock	1,103	966	2,169	1,996
Total share-based compensation expense	$ 1,907	$ 1,626	$ 3,732	$ 4,014

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Feb. 03, 2019
Accrued Liabilities, Current [Abstract]
Current portion of operating lease liabilities, net (refer to Note 4)	$ 31,754
Current portion of deferred occupancy costs		$ 15,737
Deferred amusement revenue	48,939	44,232
Compensation and benefits	24,555	24,280
Amusement redemption liability	20,717	19,911
Property taxes	9,089	7,278
Deferred gift card revenue	8,195	9,450
Current portion of long-term insurance	5,900	5,900
Sales and use taxes	4,903	5,226
Customer deposits	4,373	3,731
Utilities	4,247	4,032
Inventory liabilities	2,480	2,876
Variable rent liabilities	2,310	2,245
Current portion of derivatives	1,977
Other (refer to Note 5)	13,867	12,266
Total accrued liabilities	$ 183,306	$ 157,164

Leases - Minimum Annual Lease Payments (Detail) $ in Thousands	Feb. 03, 2019 USD ($)
Leases
2019	$ 122,501
2020	117,908
2021	111,642
2022	104,195
2023	100,779
Thereafter	1,229,803
Total	$ 1,786,828

Accrued Liabilities (Tables)

6 Months Ended

Aug. 04, 2019

Text Block [Abstract]

Accrued Liabilities

Accrued liabilities consist of the following as of the end of each period:


	August 4, 2019		February 3, 2019
Current portion of operating lease liabilities, net (refer to Note 4)	$	31,754	$	—
Current portion of deferred occupancy costs		—		15,737
Deferred amusement revenue		48,939		44,232
Compensation and benefits		24,555		24,280
Amusement redemption liability		20,717		19,911
Property taxes		9,089		7,278
Deferred gift card revenue		8,195		9,450
Current portion of long-term insurance		5,900		5,900
Sales and use taxes		4,903		5,226
Customer deposits		4,373		3,731
Utilities		4,247		4,032
Inventory liabilities		2,480		2,876
Variable rent liabilities		2,310		2,245
Current portion of derivatives		1,977		—
Other (refer to Note 5)		13,867		12,266

Total accrued liabilities	$	183,306	$	157,164

Debt - Additional Information (Detail) - USD ($)		6 Months Ended
Debt - Additional Information (Detail) - USD ($)	Aug. 17, 2017	Aug. 04, 2019
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis		LIBOR plus 1.25%
Minimum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		1.25%
Maximum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		2.00%
Credit Facility [Member]
Debt Instrument [Line Items]
Senior secured credit facility	$ 300,000,000
Revolving credit facility, maximum borrowing capacity	$ 500,000,000
Maturity date	Aug. 17, 2022
Revolving credit facility, letter of credit sub-facility maximum borrowing capacity	$ 35,000,000
Revolving credit facility, swing loan sub-facility maximum borrowing capacity	15,000,000
Term loan repayment of principal	$ 3,750,000
Frequency of periodic payment		quarter
Letter of credit facility outstanding		$ 8,147,000
Borrowing available		$ 197,853,000
Weighted average effective interest		4.11%
Debt instrument, description of variable rate basis		The loans bear interest subject to a pricing grid based on a total leverage ratio, at one-month LIBOR plus a spread ranging from 1.25% to 2.00% for the term loans and the revolving loans.
Debt Instrument, covenant compliance		Our credit facility contains restrictive covenants that, among other things, place certain limitations on our ability to: incur additional indebtedness, make loans or advances to subsidiaries and other entities, pay dividends, acquire other businesses or sell assets. In addition, our credit facility requires us to maintain certain financial ratio covenants. As of August 4, 2019, we were in compliance with our restrictive and financial ratio covenants of our credit facility.

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Aug. 04, 2019

Accounting Policies [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following derivative instruments were outstanding as of the end of the period:


			Fair Value
	Balance Sheet Location		August 4, 2019
Derivatives designated as hedging instruments:
Interest rate swaps		Accrued liabilities	$	(1,977	)
Interest rate swaps		Other liabilities		(6,151	)

Total derivatives			$	(8,128	)

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The following table summarizes the activity in accumulated other comprehensive loss related to our interest rate swap derivative instruments:


	Thirteen Weeks Ended August 4, 2019			Twenty-six Weeks Ended August 4, 2019
Gain (loss) recognized in accumulated other comprehensive loss	$	(4,668	)	$	(8,140	)
Loss reclassified from accumulated other comprehensive loss into net earnings (1)	$	27		$	12
Income tax (expense) benefit of interest rate swaps on accumulated other comprehensive loss	$	1,268		$	2,221

(1)	Amounts reclassified into net earnings included in “Interest expense, net” in the Consolidated Statements of Comprehensive Income.

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended	6 Months Ended		32 Months Ended
	Aug. 04, 2019 USD ($) Stores States Province $ / shares shares	Aug. 04, 2019 USD ($) Stores States Province Segment $ / shares shares	Aug. 05, 2018 USD ($)	Aug. 04, 2019 USD ($) Stores States Province $ / shares shares	Jul. 12, 2019 USD ($)	Feb. 04, 2019 USD ($)	Feb. 03, 2019 USD ($)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores	130	130		130
Number of states store operates \| States	39	39		39
Number of operating segment \| Segment		1
Number of reportable segment \| Segment		1
Book overdrafts reclassified to accounts payable	$ 12,757,000	$ 12,757,000		$ 12,757,000			$ 12,782,000
Long lived asset impairment loss		$ 0
Repurchase of common stock, shares \| shares	3,400,000	4,691,564		10,975,355
Share repurchase program authorized amount					$ 800,000,000
Repurchase of common stock, price per shares \| $ / shares	$ 40.20	$ 42.66		$ 48.29
Share repurchase program remaining authorized amount	$ 269,990,000	$ 269,990,000		$ 269,990,000
Operating lease liability	1,175,110,000	1,175,110,000		1,175,110,000
Right of use assets	924,461,000	924,461,000		924,461,000
Notional amount of the swap agreement	$ 350,000,000	$ 350,000,000		$ 350,000,000
Derivative, Average Fixed Interest Rate	2.47%	2.47%		2.47%
Shares Paid for Tax Withholding for Share Based Compensation \| shares		11,336
Payments Related to Tax Withholding for Share-based Compensation		$ 586,000	$ 673,000
Dave And Busters Holdings Inc [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock owned	100.00%	100.00%		100.00%
Canada [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of canadian province \| Province	1	1		1
Amusement Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred revenue recognized	$ 5,000,000	$ 17,000,000
Gift Card Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Gift card breakage revenue	140,000	430,000
Deferred revenue recognized	$ 200,000	$ 1,300,000
Recently Adopted Accounting Standard 2016-02 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Operating lease liability						$ 1,116,252,000
Right of use assets						877,714,000
Cumulative effect adjustment of retained earnings						145,000
Favorable Lease Asset						878,000
Deferred Rent Creditand Unfavorable Lease Liability						$ 239,416,000

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018
Total revenues	$ 344,599	$ 319,188	$ 708,181	$ 651,378
Total cost of products	59,623	55,556	121,348	112,695
Operating payroll and benefits	80,927	73,736	163,800	146,630
Other store operating expenses	104,376	94,825	210,621	188,165
General and administrative expenses	15,991	14,764	32,837	30,418
Depreciation and amortization expense	32,745	29,049	63,886	56,555
Pre-opening costs	4,723	5,328	11,725	12,381
Total operating costs	298,385	273,258	604,217	546,844
Operating income	46,214	45,930	103,964	104,534
Interest expense, net	4,605	3,228	8,661	6,085
Income before provision for income taxes	41,609	42,702	95,303	98,449
Provision for income taxes	9,253	8,923	20,504	22,520
Net income	32,356	33,779	74,799	75,929
Unrealized foreign currency translation gain (loss)	134	(93)	(57)	(362)
Change in fair value of derivatives, net of tax	(3,373)		(5,907)
Total other comprehensive loss	(3,239)	(93)	(5,964)	(362)
Total comprehensive income	$ 29,117	$ 33,686	$ 68,835	$ 75,567
Net income per share:
Basic	$ 0.91	$ 0.86	$ 2.07	$ 1.92
Diluted	$ 0.90	$ 0.84	$ 2.03	$ 1.88
Weighted average shares used in per share calculations:
Basic	35,407,965	39,355,105	36,117,815	39,525,263
Diluted	36,015,710	40,280,301	36,803,001	40,444,201
Cash dividends declared per share	$ 0.15		$ 0.30
Amusement and Other Revenues [Member]
Total revenues	$ 206,678	$ 188,946	$ 422,039	$ 381,381
Cost of amusement and other	22,689	21,558	45,660	42,677
Food and Beverage [Member]
Total revenues	137,921	130,242	286,142	269,997
Cost of food and beverage	$ 36,934	$ 33,998	$ 75,688	$ 70,018

Leases (Tables)

6 Months Ended

Aug. 04, 2019

Lessee, Operating Lease, Disclosure

Lease expense consisted of the following:


	Thirteen Weeks Ended August 4, 2019		Twenty-six Weeks Ended August 4, 2019
Operating	$	30,448	$	60,240
Variable		774		1,992
Short-term		116		217

Total	$	31,338	$	62,449

Disclosure of Other information related to leases

Other information related to leases is as follows:


	Twenty-six Weeks Ended August 4, 2019
Cash paid for amounts included in the measurement of lease liabities
Operating cash flows from operating leases	$	60,148
ROU assets obtained in exchange for new operating lease liabilities	$	94,059
Weighted-average remaining lease term - operating leases (in years)		15.8
Weighted-average discount rate - operating leases		6.0	%

Lessee, Operating Lease, Liability, Maturity

The maturities of our operating lease liabilities are as follows as of August 4, 2019:


Remainder of 2019	$	54,285
2020		127,561
2021		122,026
2022		114,033
2023		110,512
Thereafter		1,356,431

Total	$	1,884,848
Less: Interest		709,738

Total discounted operating lease liabilities	$	1,175,110

Schedule of Future Minimum Rental Payments for Operating Leases

At February 3, 2019, aggregate minimum annual lease payments under facility and equipment operating leases were as follows:


2019	$	122,501
2020		117,908
2021		111,642
2022		104,195
2023		100,779
Thereafter		1,229,803

Total	$	1,786,828

Debt - Recorded Interest Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018
Debt Disclosure [Abstract]
Interest expense on credit facilities	$ 4,735	$ 3,255	$ 8,915	$ 6,278
Amortization of issuance cost	198	198	396	396
Interest income	(25)	(28)	(51)	(56)
Capitalized interest	(303)	(201)	(599)	(527)
Change in fair value of interest rate cap		4		(6)
Total interest expense, net	$ 4,605	$ 3,228	$ 8,661	$ 6,085

Accrued Liabilities

6 Months Ended

Aug. 04, 2019

Other Liabilities Disclosure [Abstract]

Accrued Liabilities

Note 2: Accrued Liabilities

Accrued liabilities consist of the following as of the end of each period:


	August 4, 2019		February 3, 2019
Current portion of operating lease liabilities, net (refer to Note 4)	$	31,754	$	—
Current portion of deferred occupancy costs		—		15,737
Deferred amusement revenue		48,939		44,232
Compensation and benefits		24,555		24,280
Amusement redemption liability		20,717		19,911
Property taxes		9,089		7,278
Deferred gift card revenue		8,195		9,450
Current portion of long-term insurance		5,900		5,900
Sales and use taxes		4,903		5,226
Customer deposits		4,373		3,731
Utilities		4,247		4,032
Inventory liabilities		2,480		2,876
Variable rent liabilities		2,310		2,245
Current portion of derivatives		1,977		—
Other (refer to Note 5)		13,867		12,266

Total accrued liabilities	$	183,306	$	157,164

Leases

6 Months Ended

Aug. 04, 2019

Leases

Leases

Note 4: Leases

We currently lease the building or site for our stores, corporate office and warehouse space under facility operating leases. These leases typically have initial terms ranging from ten to twenty years and include one or more options to renew. When determining the lease term, we include option periods for which renewal is reasonably certain. Most of the leases require us to pay property taxes, insurance and maintenance of the leased assets. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Operating leases also includes certain equipment leases that have a term in excess of one year. Certain facility leases also have provisions for additional contingent rentals based on revenues. Contingent rent and other variable rent are included as variable lease costs in the table below.

Lease expense consisted of the following:


	Thirteen Weeks Ended August 4, 2019		Twenty-six Weeks Ended August 4, 2019
Operating	$	30,448	$	60,240
Variable		774		1,992
Short-term		116		217

Total	$	31,338	$	62,449

Store lease expense is included in “Other store operating expenses” or

“Pre-opening

costs,” accordingly, and corporate lease expense is included in “General and administrative expenses” in the Consolidated Statements of Comprehensive Income.

Operating leases are included within the “Operating lease right of use assets”, “Accrued liabilities” and “Operating lease liabilities” in the Consolidated Balance Sheets. Operating lease ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term and include both facility and equipment leases. The operating lease ROU asset is reduced by leasehold improvement incentives as the incentives are earned. As of August 4, 2019, the balance of leasehold improvement incentive receivables was $17,482 and is reflected as a reduction of the current portion of operating lease liabilities. The Company uses its incremental borrowing rate at commencement date in determining the present value of lease payments. The Company uses judgment in determining its incremental borrowing rate, which includes selecting a yield curve based on a hypothetical credit rating.

Other information related to leases is as follows:


	Twenty-six Weeks Ended August 4, 2019
Cash paid for amounts included in the measurement of lease liabities
Operating cash flows from operating leases	$	60,148
ROU assets obtained in exchange for new operating lease liabilities	$	94,059
Weighted-average remaining lease term - operating leases (in years)		15.8
Weighted-average discount rate - operating leases		6.0	%

The maturities of our operating lease liabilities are as follows as of August 4, 2019:


Remainder of 2019	$	54,285
2020		127,561
2021		122,026
2022		114,033
2023		110,512
Thereafter		1,356,431

Total	$	1,884,848
Less: Interest		709,738

Total discounted operating lease liabilities	$	1,175,110

Operating lease payments in the table above includes minimum lease payments for five future sites for which the lease has commenced, and the stores are expected to open in fiscal 2019. Operating lease payments exclude minimum lease payments for eighteen executed facility leases that we have not yet taken possession.

At February 3, 2019, aggregate minimum annual lease payments under facility and equipment operating leases were as follows:


2019	$	122,501
2020		117,908
2021		111,642
2022		104,195
2023		100,779
Thereafter		1,229,803

Total	$	1,786,828

Leases - Additional Information (Detail) $ in Thousands	6 Months Ended
Leases - Additional Information (Detail) $ in Thousands	Aug. 04, 2019 USD ($)
Leases
Leasehold Improvement Incentive Receivables	$ 17,482

Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Feb. 03, 2019
Debt Instrument [Line Items]
Total debt outstanding	$ 567,750	$ 394,250
Less current installments—term	(15,000)	(15,000)
Long-term debt, net	552,079	378,469
Credit Facility—term [Member]
Debt Instrument [Line Items]
Total debt outstanding	273,750	281,250
Less current installments—term	(15,000)	(15,000)
Less debt issuance costs—term	(671)	(781)
Credit Facility—revolver [Member]
Debt Instrument [Line Items]
Total debt outstanding	$ 294,000	$ 113,000

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Consolidated Statement of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended	6 Months Ended
	Aug. 04, 2019	Aug. 04, 2019
Statement of Stockholders' Equity [Abstract]
Dividends declared per share	$ 0.15	$ 0.30

Share-Based Compensation - Transactions Related to Time-based and Performance-based RSU's and Restricted Stock (Detail) - Time-Based and Performance-Based RSU's [Member]	6 Months Ended
	Aug. 04, 2019 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, February 3, 2019 \| shares	220,830
Restricted Stock Awards, Granted \| shares	72,768
Restricted Stock Awards, Change in units based on performance \| shares	27,372
Restricted Stock Awards, Vested \| shares	(99,124)
Restricted Stock Awards, Forfeited \| shares	(1,562)
Restricted Stock Awards, August 4, 2019 \| shares	220,284
Weighted Average Grant Date Fair Value, February 3, 2019 \| $ / shares	$ 47.79
Weighted Average Grant Date Fair Value, Granted \| $ / shares	52.09
Weighted Average Fair Value Grant Date, Change in units based on performance \| $ / shares	39.10
Weighted Average Fair Value, Vested \| $ / shares	39.64
Weighted Average Fair Value, Forfeited \| $ / shares	49.34
Weighted Average Fair Value, August 4, 2019 \| $ / shares	$ 51.79

Leases - Maturities of Our Operating Lease Liabilities (Detail) $ in Thousands	Aug. 04, 2019 USD ($)
Leases
Remainder of 2019	$ 54,285
2020	127,561
2021	122,026
2022	114,033
2023	110,512
Thereafter	1,356,431
Total	1,884,848
Less: Interest	709,738
Total discounted operating lease liabilities	$ 1,175,110

Earnings Per Share - Summary of Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018
Numerator:
Net income	$ 32,356	$ 33,779	$ 74,799	$ 75,929
Denominator:
Weighted average number of common shares outstanding (basic)	35,407,965	39,355,105	36,117,815	39,525,263
Weighted average dilutive impact of equity-based awards	607,745	925,196	685,186	918,938
Weighted average number of common and common equivalent shares outstanding (diluted)	36,015,710	40,280,301	36,803,001	40,444,201
Net income per share:
Basic	$ 0.91	$ 0.86	$ 2.07	$ 1.92
Diluted	$ 0.90	$ 0.84	$ 2.03	$ 1.88

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

+ Details

Debt

6 Months Ended

Aug. 04, 2019

Debt Disclosure [Abstract]

Debt

Note 3: Debt

Long-term debt consists of the following as of:


	August 4, 2019			February 3, 2019
Credit facility - term	$	273,750		$	281,250
Credit facility - revolver		294,000			113,000

Total debt outstanding		567,750			394,250
Less:
Current installments - term		(15,000	)		(15,000	)
Debt issuance costs - term		(671	)		(781	)

Long-term debt, net	$	552,079		$	378,469

On August 17, 2017, we entered into a senior secured credit facility that provides a $300,000 term loan facility and a $500,000 revolving credit facility with a maturity date of August 17, 2022. The $500,000 revolving credit facility includes a $35,000 letter of credit

sub-facility

and a $15,000 swing loan

sub-facility.

The revolving credit facility is available to provide financing for general purposes. Principal payments on the term loan facility are $3,750 per

quarter

through maturity, when the remaining balance is due. Our current credit facility is secured by the assets of D&B Inc and is unconditionally guaranteed by D&B Holdings and each of its direct and indirect domestic wholly-owned subsidiaries. As of August 4, 2019, we had letters of credit outstanding of $8,147 and $197,853 of borrowing available under our credit facility.

The interest rates per annum applicable to loans, other than swing loans, under our existing credit facility are currently set based on a defined LIBOR rate plus an applicable margin. Swing loans bear interest at a base rate plus an applicable margin. The loans bear interest subject to a pricing grid based on a total leverage ratio, at

one-month

LIBOR plus a spread ranging from 1.25% to 2.00% for the term loans and the revolving loans. The interest rate at August 4, 2019 was based on

one-month

LIBOR plus 1.25%. As of August 4, 2019, the Company’s weighted average interest rate on outstanding borrowings was 4.11%, including the impact of the interest rate swap agreements. The weighted average effective rate includes amortization of debt issuance costs, commitment and other fees.

Our credit facility contains restrictive covenants that, among other things, place certain limitations on our ability to: incur additional indebtedness, make loans or advances to subsidiaries and other entities, pay dividends, acquire other businesses or sell assets. In addition, our credit facility requires us to maintain certain financial ratio covenants. As of August 4, 2019, we were in compliance with our restrictive and financial ratio covenants of our credit facility.

Interest expense, net

— The following tables set forth our recorded interest expense, net for the periods indicated:


	Thirteen Weeks Ended August 4, 2019			Thirteen Weeks Ended August 5, 2018
Interest expense on credit facilities	$	4,735		$	3,255
Amortization of issuance cost		198			198
Interest income		(25	)		(28	)
Capitalized interest		(303	)		(201	)
Change in fair value of interest rate cap		—			4

Total interest expense, net	$	4,605		$	3,228

	Twenty-six Weeks Ended August 4, 2019			Twenty-six Weeks Ended August 5, 2018
Interest expense on credit facilities	$	8,915		$	6,278
Amortization of issuance cost		396			396
Interest income		(51	)		(56	)
Capitalized interest		(599	)		(527	)
Change in fair value of interest rate cap		—			(6	)

Total interest expense, net	$	8,661		$	6,085

Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess income tax benefit related to stock-based compensation plans	$ 884	$ 1,919
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	2,505
Unrecognized expense related to stock option plan	$ 3,916
Unrecognized compensation expense, weighted average years	2 years 6 months
Restricted Stock Units (RSU's) and Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, weighted average years	2 years 2 months 12 days
Unrecognized expense related to unvested restricted stock and RSUs	$ 6,911

Leases - Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Leases - Lease Expense (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Aug. 04, 2019
Leases
Operating	$ 30,448	$ 60,240
Variable	774	1,992
Short-term	116	217
Total	$ 31,338	$ 62,449

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Aug. 04, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5: Commitments and Contingencies We are subject to certain legal proceedings and claims that arise in the ordinary course of our business, including claims alleging violations of federal and state law regarding workplace and employment matters, discrimination, slip-and-fall and other guest-related incidents, and similar matters. In the opinion of management, based upon consultation with legal counsel, the amount of ultimate liability with respect to such legal proceedings and claims will not materially affect the consolidated results of our operations or our financial condition. On June 30, 2017, we agreed to settle litigation related to alleged violations of the Employee Retirement Income Security Act. The settlement agreement was preliminarily approved by the court on December 7, 2018 with final approval on July 19, 2019. To cover the estimated net costs of settlement, including estimated payment to any opt-in members and class attorneys, as well as related settlement administration costs, we recorded a net charge of $2,550 (representing $7,500 of gross settlement costs less $4,950 of insurance recoveries) during fiscal 2017. Subsequent to August 4, 2019, all funds required to be paid under the final settlement and release agreement were remitted to a settlement fund as directed by the court. The Company is currently a defendant in several lawsuits filed in courts in California alleging violations of California Business and Professions Code, industry wage orders, wage-and-hour laws and rules and regulations pertaining primarily to the failure to pay proper regular and overtime wages, failure to pay for missed meals and rest periods, pay stub violations, failure to pay all wages due at the time of termination and other employment related claims (the “California Cases”). Some of the California Cases purport or may be determined to be class actions or Private Attorney General Act representative actions and seek substantial damages and penalties. With respect to these California Cases, where the Company has determined that a loss is reasonably possible but not probable, the Company is unable to estimate the amount or range of the reasonably possible loss due to the inherent difficulty of predicting the outcome of uncertainties regarding legal proceedings. The Company’s assessments are based on estimates and assumptions that have been deemed reasonable by management, but that may prove to be incomplete or inaccurate, and unanticipated events and circumstances may occur that might cause the Company to change those estimates and assumptions. Management’s assessment of these California Cases could change because of future determinations or the discovery of facts that are not presently known. Accordingly, the ultimate costs of resolving these cases may be substantially higher or lower than estimated. The Company is aggressively defending these cases.