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Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Feb. 02, 2020	Mar. 30, 2020	Aug. 04, 2019
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Feb. 02, 2020
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Document Annual Report	true
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 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		30,606,840
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
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 Tax Identification Number	35-2382255
Entity Shell Company	false
Entity Well-known Seasoned Issuer	Yes
Entity Public Float			$ 1.3
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	PLAY
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	PLAY
Title of 12(b) Security	Preferred Stock
Security Exchange Name	NASDAQ

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 02, 2020	Feb. 03, 2019
Current assets:
Cash and cash equivalents	$ 24,655	$ 21,585
Inventories	34,477	27,315
Prepaid expenses	14,269	20,713
Income taxes receivable	2,331	1,880
Other current assets	3,245	19,600
Total current assets	78,977	91,093
Property and equipment (net of $686,824 and $578,178 accumulated depreciation as of February 2, 2020 and February 3, 2019, respectively)	900,637	805,337
Operating lease right of use assets, net	1,011,568
Deferred tax assets	7,639	6,736
Tradenames	79,000	79,000
Goodwill	272,636	272,625
Other assets and deferred charges	19,682	18,396
Total assets	2,370,139	1,273,187
Current liabilities:
Current installments of long-term debt	15,000	15,000
Accounts payable	65,359	60,427
Accrued liabilities	207,452	157,164
Income taxes payable	3,054	11,799
Total current liabilities	290,865	244,390
Deferred income taxes	19,102	14,634
Deferred occupancy costs		223,678
Operating lease liabilities	1,222,054
Other liabilities	35,779	24,179
Long-term debt, net	632,689	378,469
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 43,386,852 shares at February 2, 2020 and 43,177,476 shares at February 3, 2019; outstanding: 30,603,340 shares at February 2, 2020 and 37,522,085 shares at February 3, 2019	434	432
Preferred stock, 50,000,000 authorized; none issued
Paid-in capital	339,161	331,255
Treasury stock, 12,783,512 and 5,655,391 shares as of February 2, 2020 and February 3, 2019, respectively	(595,041)	(297,129)
Accumulated other comprehensive loss	(8,369)	(683)
Retained earnings	433,465	353,962
Total stockholders' equity	169,650	387,837
Total liabilities and stockholders' equity	$ 2,370,139	$ 1,273,187

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Feb. 02, 2020	Feb. 03, 2019
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 686,824	$ 578,178
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	43,386,852	43,177,476
Common stock, shares outstanding	30,603,340	37,522,085
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	12,783,512	5,655,391

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Total revenues	$ 1,354,691	$ 1,265,301	$ 1,139,791
Total cost of products	233,311	220,263	196,672
Operating payroll and benefits	322,970	296,924	256,724
Other store operating expenses	429,431	384,155	334,546
General and administrative expenses	69,469	61,521	59,565
Depreciation and amortization expense	132,460	118,275	102,766
Pre-opening costs	18,971	23,163	23,746
Total operating costs	1,206,612	1,104,301	974,019
Operating income	148,079	161,000	165,772
Interest expense, net	20,937	13,113	8,665
Loss on debt retirement			718
Income before provision for income taxes	127,142	147,887	156,389
Provision for income taxes	26,879	30,666	35,440
Net income	100,263	117,221	120,949
Unrealized foreign currency translation gain (loss)	(65)	(434)	474
Unrealized loss of derivatives, net of tax	(7,621)
Total other comprehensive income (loss)	(7,686)	(434)	474
Total comprehensive income	$ 92,577	$ 116,787	$ 121,423
Net income per share:
Basic	$ 3.00	$ 3.00	$ 2.93
Diluted	$ 2.94	$ 2.93	$ 2.84
Weighted average shares used in per share calculations:
Basic	33,450,217	39,047,106	41,276,314
Diluted	34,099,378	39,975,122	42,583,009
Amusement and Other Revenues [Member]
Total revenues	$ 791,115	$ 728,832	$ 644,975
Cost of amusement and other	85,115	81,064	69,072
Food and Beverage [Member]
Total revenues	563,576	536,469	494,816
Cost of food and beverage	$ 148,196	$ 139,199	$ 127,600

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-In Capital [Member]	Treasury Stock at Cost [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]
Beginning balance at Jan. 29, 2017	$ 439,452	$ 425	$ 310,230	$ (14,817)	$ (723)	$ 144,337
Beginning balance, shares at Jan. 29, 2017		42,469,570		264,983
Net income	120,949					120,949
Unrealized foreign currency translation gain (loss)	474				474
Share-based compensation	8,916		8,916
Cumulative effect of a change in accounting principle, net of tax	782					782
Issuance of common stock	1,344	$ 2	1,342
Issuance of common stock, shares		191,236
Repurchase of common stock	(151,913)			$ (151,913)
Repurchase of common stock, shares				2,636,616
Issuance of treasury stock	1,642			$ 19,399		(17,757)
Issuance of treasury stock, shares				(342,878)
Ending balance at Feb. 04, 2018	421,646	$ 427	320,488	$ (147,331)	(249)	248,311
Ending balance, shares at Feb. 04, 2018		42,660,806		2,558,721
Net income	117,221					117,221
Unrealized foreign currency translation gain (loss)	(434)				(434)
Dividends declared	(11,570)					(11,570)
Share-based compensation	7,422		7,422
Issuance of common stock	3,350	$ 5	3,345
Issuance of common stock, shares		516,670
Repurchase of common stock	(149,798)			$ (149,798)
Repurchase of common stock, shares				3,096,670
Ending balance at Feb. 03, 2019	387,837	$ 432	331,255	$ (297,129)	(683)	353,962
Ending balance, shares at Feb. 03, 2019		43,177,476		5,655,391
Net income	100,263					100,263
Unrealized foreign currency translation gain (loss)	(65)				(65)
Unrealized loss of derivatives, net of tax	(7,621)				(7,621)
Dividends declared	(20,615)					(20,615)
Share-based compensation	6,857		6,857
Cumulative effect of a change in accounting principle, net of tax	(145)					(145)
Issuance of common stock	1,051	$ 2	1,049
Issuance of common stock, shares		209,376
Repurchase of common stock	(297,912)			$ (297,912)
Repurchase of common stock, shares				7,128,121
Ending balance at Feb. 02, 2020	$ 169,650	$ 434	$ 339,161	$ (595,041)	$ (8,369)	$ 433,465
Ending balance, shares at Feb. 02, 2020		43,386,852		12,783,512

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Feb. 02, 2020	Feb. 03, 2019
Statement of Stockholders' Equity [Abstract]
Dividends declared per share	$ 0.62	$ 0.30

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Cash flows from operating activities:
Net income	$ 100,263	$ 117,221	$ 120,949
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	132,460	118,275	102,766
Deferred taxes	6,473	5,474	(8,845)
Loss on debt refinancing			718
Loss on disposal of fixed assets	1,813	1,121	1,863
Share-based compensation	6,857	7,422	8,916
Other, net	1,070	1,049	881
Changes in assets and liabilities:
Inventories	(7,162)	245	(5,700)
Prepaid expenses	(2,162)	(1,661)	(3,224)
Income tax receivable	(451)	2,987	1,034
Other current assets	5,320	4,705	(13,361)
Other assets and deferred charges	(1,017)	(2,523)	(224)
Accounts payable	2,026	11,122	(4,071)
Accrued liabilities	47,896	21,329	22,394
Income taxes payable	(8,745)	8,762	345
Deferred occupancy costs		38,958	37,702
Other liabilities	4,305	3,130	2,529
Net cash provided by operating activities	288,946	337,616	264,672
Cash flows from investing activities:
Capital expenditures	(228,091)	(216,286)	(219,901)
Proceeds from sale-leaseback transactions		11,571
Proceeds from insurance		541
Proceeds from sales of property and equipment	800	366	78
Collections on notes receivable			3,200
Net cash used in investing activities	(227,291)	(203,808)	(216,623)
Cash flows from financing activities:
Proceeds from debt	406,000	265,000	509,000
Payments of debt	(152,000)	(238,000)	(406,500)
Debt issuance costs			(2,910)
Repurchase of common stock	(297,317)	(149,125)	(151,913)
Repurchases of common stock to satisfy employee withholding tax obligations	(595)	(673)
Dividends paid	(15,724)	(11,570)
Proceeds from the exercise of stock options	1,051	3,350	1,344
Proceeds from issuance of treasury stock			1,642
Net cash used in financing activities	(58,585)	(131,018)	(49,337)
Increase (decrease) in cash and cash equivalents	3,070	2,790	(1,288)
Beginning cash and cash equivalents	21,585	18,795	20,083
Ending cash and cash equivalents	24,655	21,585	18,795
Supplemental disclosures of cash flow information:
Increase (decrease) in fixed asset accounts payable	2,906	(5,321)	3,420
Cash paid for income taxes, net	27,245	13,464	43,072
Cash paid for interest, net	20,115	$ 12,247	$ 7,853
Dividends declared, not paid	$ 4,891

Description of the Business and Summary of Significant Accounting Policies

12 Months Ended

Feb. 02, 2020

Accounting Policies [Abstract]

Description of the Business and Summary of Significant Accounting Policies

Note 1: Description of the Business and Summary of Significant Accounting Policies

Description of the business

— 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. As of February 2, 2020, we owned and operated 136 stores located in 39 states, Puerto Rico and one Canadian province.

We own and operate two stores outside of the United States, in the Canadian province of Ontario. These stores generated revenues of approximately $18,649, $18,848 and $20,075 in fiscal 2019, 2018 and 2017, respectively. As of February 2, 2020, less than 2.0% of our long-lived assets were located outside of the United States.

Going Concern

— During the period from March 14, 2020 to March 20, 2020, the Company closed 100% of its 137 operating stores (including one new store that opened in fiscal 2020) in compliance with guidance and orders issued by federal, state and local governments to combat the spread of the COVID-19 pandemic. These developments have caused a material adverse impact on the Company’s revenues, results of operations and cash flows, including the Company’s ability to meet its obligations whe

due. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date the financial statements are issued. The extent of impact of these conditions will be based in part on the duration of the store closures and the timing and extent of customers re-engaging with the brand. The Company is unable to determine whether, when or the manner in which the conditions surrounding the COVID-19 pandemic will change, including when any restrictions or closure requirements will be lifted, when it will be able to reopen its stores, whether it will be able to successfully staff stores, and the degree to which it will be able to reengage customers.

The Company has taken several immediate steps to reduce operating costs and to conserve cash.

The Company furloughed nearly all of its workforce except a small team of essential personnel and reduced pay and benefits for the remaining employees. On March 18, 2020, the Company borrowed substantially all of the remaining availability under its revolving credit facility, and the Company continues to actively manage its daily cash flows. Additionally, the Company is undertaking conversations with landlords and other vendors to discuss relief from cash payments during this period, which may not be successful.

The Company was in compliance with the debt covenant reporting and compliance obligations under its existing credit facility as of February 2, 2020, the end of its fiscal year 2019. However, given the current circumstances around the COVID-19 pandemic, the Company does not expect to be in compliance with its debt covenants in the first quarter of fiscal year 2020 absent relief that has been requested from its lenders. If the Company were unable to meet its financial covenants or some other event of default arises, the Company’s lenders could instruct the administrative agent under the existing credit facility to exercise remedies including declaring the principal of and accrued interest on all outstanding indebtedness due and payable, terminating all remaining commitments and obligations under the revolving credit facility and requiring the posting of cash collateral in respect of 103% of the outstanding letters of credit under the revolving credit facility. Additionally, the full amount due under the interest rate swap agreement would become due. Although the lenders under the existing credit facility may waive the defaults or forebear the exercise of remedies, they are not obligated to do so. Failure to obtain such a waiver would have a material adverse effect on the liquidity, financial condition and results of operations and may result in filing a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in order to implement a restructuring plan.

The Company could experience other potential impacts as a result of the COVID-19 pandemic, including, but not limited to, charges from potential adjustments to the carrying amount of goodwill, indefinite-lived intangibles and long-lived asset impairment charges. Actual results may differ materially from the Company’s current estimates as the scope of the COVID-19 pandemic evolves, depending largely though not exclusively on the duration of the disruption to its business.

The consolidated financial statements have been prepared assuming the Company will continue as a going concern. The financial statements do not include any adjustments relating to any of the foregoing uncertainties.

Principles of consolidation

— The accompanying consolidated financial statements include the accounts of D&B Entertainment and its wholly-owned subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). All intercompany accounts and transactions have been eliminated in consolidation.

Fiscal year

— The Company’s fiscal year consists of 52 or 53 weeks ending on the Sunday after the Saturday closest to January 31. Fiscal 2019, which ended on February 2, 2020, contained 52 weeks. Fiscal 2018, which ended on February 3, 2019, contained 52 weeks. Fiscal 2017, which ended on February 4, 2018, contained 53 weeks. Each quarterly period has 13 weeks, except in a

53-week

year when the fourth quarter has 14 weeks.

Use of estimates

— The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingent assets and liabilities at the date of the consolidated financial statements and for the period then ended. Actual results could differ from those estimates.

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 $14,026 and $12,782 are presented in “Accounts payable” in the Consolidated Balance Sheets as of February 2, 2020 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. As of February 2, 2020, the Company had no restricted cash.

Concentration of credit risk

—

Cash and cash equivalents are maintained with multiple financial institutions. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company holds cash and cash equivalents at financial institutions in excess of amounts covered by the Federal Deposit Insurance Corporation.

Inventories

— Inventories consist of food, beverages, amusement merchandise and other supplies and are stated at the lower of cost

(first-in,

first-out

method) or net realizable value. We record inventory reserves for obsolete and slow-moving inventory.

Cloud-Based Computing Arrangements

— The Company defers application development stage costs for cloud-based computing arrangements and amortizes over the related service (subscription) agreement.

Property and equipment

— Property and equipment are carried at cost less accumulated depreciation. Depreciation is computed on the straight-line method, based on the shorter of the estimated useful lives or the terms of the underlying leases of the related assets. Estimated depreciable lives for the categories of property and equipment follows:


	Estimated Depreciable Lives (In Years)
Building and building improvements		5-40
Leasehold improvements		5-20
Furniture, fixtures and equipment		3-10
Games		3-20

Expenditures that extend the life, increase capacity or improve the safety or the efficiency of the property and equipment are capitalized, whereas costs incurred to maintain the appearance and functionality of such assets are charged to repair and maintenance expense. Application development stage costs for significant internally-developed software projects are capitalized and amortized as part of furniture, fixtures and equipment. Interest cost on funds used during the acquisition period of significant capital assets are capitalized as part of the asset and depreciated. Gains and losses related to store property and equipment disposals are recorded in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income.

Annually or more frequently if an event occurs or circumstances change that would indicate that the carrying values of these assets may not be recoverable, we evaluate long-lived assets related to each store to be held and used in business, including property and equipment and

right-of-use

(“ROU”) assets. In determining the recoverability of the asset value, an analysis is performed at the individual store level, since this is the lowest level of identifiable cash flows and primarily includes an assessment of historical cash flows and other relevant factors and circumstances, including the maturity of the store, changes in the economic environment, unfavorable changes in legal factors or business climate and future operating plans. If the carrying amount is not recoverable, we record an impairment charge, if any, for the excess of the carrying amount over the fair value, which is estimated based on discounted projected future operating cash flows of the store over the remaining service life using a risk adjusted discount rate that is commensurate with the inherent risk. No impairment charges were recognized in fiscal 2019, 2018 or 2017.

Goodwill and tradenames

— The carrying amount of goodwill is impacted by foreign currency translation adjustments. The foreign currency translation adjustment increased goodwill by $11 and $59 during fiscal 2019 and fiscal 2018, respectively. Goodwill and tradenames which have an indefinite useful life, are not subject to amortization, and are evaluated for impairment annually or more frequently if an event occurs or circumstances change that would indicate that impairment may exist. Goodwill and tradenames are evaluated at year end at the level of the Company’s single operating segment, which also represents the Company’s only reporting unit.

When evaluating goodwill and tradenames for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that its reporting unit or tradenames are impaired. For fiscal year 2019, 2018 and 2017, there was no impairment to our goodwill or tradenames.

Other assets and deferred charges, net

— Other assets and deferred charges, net consist primarily of intangible assets related to transferable liquor licenses and intellectual property licenses associated with some of our proprietary amusement offerings, and assets related to various deposits, the employee deferred compensation plan, and unamortized debt issuance costs on the revolving portion of our credit facility.

The balance of transferable liquor licenses was $5,025 and $3,837 at the end of fiscal 2019 and fiscal 2018, respectively. The costs of purchasing transferable liquor licenses through open markets in jurisdictions with a limited number of authorized liquor licenses are capitalized as indefinite-lived intangible assets and are tested for impairment annually by comparing the estimated fair value of each asset with their carrying amount. The unamortized balance of our intellectual license costs was $2,422 and $2,029 at the end of fiscal 2019 and fiscal 2018, respectively. Intellectual licenses are amortized over the respective term of the license agreements, with a weighted average term remaining of five years at the end of fiscal 2019. Amortization of intellectual licenses of $507 and $259 in fiscal 2019 and fiscal 2018, respectively, is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income. Amortization expense in fiscal 2019, 2018 and 2017 includes $61, $188 and $588, respectively, of amortization associated with our customer relationships and trademarks, which were fully amortized as of the end of fiscal 2019 and fiscal 2017, respectively.

The Company capitalizes certain costs incurred in connection with borrowings or establishment of credit facilities, and these costs are amortized as interest expense over the life of the borrowing or life of the related debt facility. Debt issuance costs on the revolving portion of our credit facility

were

$1,454 and $2,026 at the end of fiscal 2019 and fiscal 2018, respectively. Debt issuance costs on the term loan portion of our credit facility are reported as a direct reduction from the carrying amount of our debt.

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 and third-party valuation specialists. These valuation models are based on the present value of expected cash flows using forward rate curves.

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.

Credit risk related to the failure of our counterparties to perform under the terms of the swap agreements is minimized by entering into transactions with carefully selected, credit-worthy parties and the fact that the swap contracts are distributed among several financial institutions to reduce the concentration of credit risk. Our swap agreements with our derivative counterparties contain a provision where if the Company defaults on any of its indebtedness, and repayment of the indebtedness has been accelerated, the Company could also be declared in default on its derivative obligations.

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


			Fair Value
	Balance Sheet Location		February 2, 2020
Derivatives designated as hedging instruments:
Interest rate swaps		Accrued liabilities	$	(3,518	)
Interest rate swaps		Other liabilities		(6,967	)

Total derivatives			$	(10,485	)

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


	February 2, 2020
Loss recognized in accumulated other comprehensive loss	$	(10,485	)
Loss reclassified from accumulated other comprehensive loss into net earnings (1)	$	969
Income tax benefit of interest rate swaps in accumulated other comprehensive loss	$	2,864

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

Revenue recognition

— Food and beverage revenues are recognized when payment is tendered at the point of sale as the performance obligation has been satisfied. Amusement revenues are primarily recognized upon utilization of game play credits on power cards purchased and used by customers to activate video and redemption games. Redemption games allow customers to earn tickets, which may be redeemed for prizes in our WIN! area. We have deferred a portion of amusement revenues for the estimated unfulfilled performance obligations based on an estimated rate of future use by customers of unused game play credits and the material right provided to customers to redeem tickets in the future for prizes. We estimate the amount of deferred revenue based upon credits and tickets remaining on Power Cards, historic game play credit and ticket utilization patterns and estimates of the standalone selling prices of game play credits and the customer material right. The standalone selling price of the customer material right is estimated using an equivalent chip cost plus margin approach.

Total deferred amusement revenue is included in “Accrued liabilities” in our Consolidated Balance Sheets. During the fiscal year ended February 2, 2020, we recognized revenue of approximately $31,000

related to the amount in deferred amusement revenue as of the end of fiscal 2018.

We sell gift cards, which do not have expiration dates, and we do not deduct

non-usage

fees from outstanding gift card balances. The Company recognizes revenue from gift cards upon redemption by the customer. For unredeemed gift cards that the Company expects to be entitled to breakage and for which there is not a legal obligation to remit the unredeemed gift card balances to the relevant jurisdictions, the Company recognizes expected breakage as revenue in proportion to the pattern of redemption by the customers. The determination of the gift card breakage is based on the Company’s specific historical redemption patterns. Recognized gift card breakage revenue is included in “Amusements and other revenues” in the Consolidated Statements of Comprehensive Income. The contract liability related to our gift cards is included in “Accrued liabilities” in our Consolidated Balance Sheets. During the fiscal year ended February 2, 2020, we recognized revenue of approximately $4,700 related to the amount in deferred gift card revenue as of the end of fiscal 2018, of which approximately $780 was gift card breakage revenue.

Revenues are reported net of sales-related taxes collected from customers to be remitted to governmental taxing authorities. Sales tax collected is included in “Accrued liabilities” until the taxes are remitted to the appropriate taxing authorities. Certain of our promotional programs include multiple performance obligations that are discounted from the standalone selling prices. We allocate the entire discount to the amusement performance obligation.

Advertising costs

— Advertising production costs are expensed in the period when the advertising first takes place. Other advertising costs are expensed as incurred. Advertising costs expensed were $44,834, $40,767 and $37,876 in fiscal 2019, 2018 and 2017, respectively. Advertising costs are included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income.

Leases

— Our material operating leases consist of facility leases at our stores and our corporate office and warehouse. Operating leases also includes certain equipment leases that have a term in excess of one year. At contract inception, we determine whether a contract is, or contains, a lease by determining whether it conveys the right to control the use of the identified asset for a period of time. We recognize a lease liability representing the present value of lease payments not yet paid and a corresponding ROU asset as of the lease commencement date. Operating lease ROU assets are initially and subsequently measured throughout the lease term at the carrying amount of the lease liability adjusted for lease incentives, initial direct costs, prepayments or accrued lease payments and impairment of ROU assets, if any. We assess lease classification at commencement and reassess lease classification subsequent to commencement upon a change to the expected lease term or modification of the contract. Generally, the Company’s lease contracts do not provide a readily determinable implicit rate, and therefore, the Company uses an estimated incremental borrowing rate as of the 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.

Our leases typically have initial terms ranging from ten to twenty years and most include options to extend the leases for one or more

5-year

periods. Generally, the lease term includes the noncancelable period of the lease inclusive of reasonably certain renewal periods up to a term of twenty years. The Company’s lease agreements generally contain rent holidays and/or escalating rent clauses. Lease cost is recognized on a straight-line basis over the lease term. The Company is generally obligated for the cost of property taxes, insurance and maintenance of the leased assets, which are often variable lease payments. Our leases typically provide for a fixed base rent plus contingent rent to be determined as a percentage of sales greater than certain specified target amounts. Contingent rental payments, when considered probable, are recognized as variable lease expenses. The Company accounts for the lease components and

non-lease

components, primarily fixed maintenance, for all leases, as a single lease component for new and modified leases. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Tenant incentives used to fund leasehold improvements are recognized when earned and reduce our ROU asset related to the lease. Tenant incentives are amortized through the ROU asset as reductions of expense over the lease term. The balance of leasehold improvement incentive receivables was $6,339 and $10,742 at February 2, 2020 and February 3, 2019, respectively, and is reflected as a reduction of the current portion of operating lease liabilities as of the end of fiscal 2019. As of the end of fiscal 2018, the balance was included in “Other current assets” in the Consolidated Balance Sheets. We consider the concentration of credit risk for tenant improvement allowance receivables from landlords to be minimal due the payment histories and general financial condition of our landlords.

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 payments are classified as cash flows from operating activities with ROU asset amortization and the change in the lease liability combined within “Other liabilities” in the reconciliation of net income to cash flows provided by operating activities in the Consolidated Statement

of Cash Flows.

Self-insurance programs

— The Company utilizes a self-insurance plan for health, general liability and workers’ compensation coverage. To limit our exposure to losses, we maintain stop-loss coverage through third-party insurers. Losses are accrued based on the Company’s historical claims experience and case losses, assisted by independent third-party actuaries. The estimated cost to settle reported claims and incurred but unreported claims is included in “Accrued liabilities” and “Other liabilities” in the Consolidated Balance Sheets.

Pre-opening costs

—

Pre-opening

costs include costs associated with the opening and organizing of new stores, including the cost of feasibility studies,

pre-opening

rent, training, relocation, recruiting and travel costs for employees engaged in such

pre-opening

activities. All

pre-opening

costs are expensed as incurred.

Income taxes

— Deferred tax assets and liabilities are recognized based upon anticipated future tax consequences attributable to differences between the financial statement carrying value of assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using current enacted tax rates expected to apply to taxable income in the years in which we expect the temporary differences to reverse. The effect of a change in tax rates on deferred taxes is recognized in income in the period that includes the enactment date. We routinely evaluate the likelihood of realizing the benefit of our deferred tax assets and may record a valuation allowance if, based on all available evidence, we determine that it is more likely than not that some portion of the tax benefit will not be realized.

The calculation of tax liabilities involves judgment and evaluation of uncertainties in the interpretation of federal and state tax regulations. We evaluate our exposures associated with our various tax filing positions and recognize a tax benefit from an uncertain tax position only if it is more likely than not that the position will be sustained on examination by the taxing authorities based on the technical merits of the position. For uncertain tax positions that do not meet this threshold, we have established accruals for taxes that may become payable in future years as a result of audits by tax authorities. Tax accruals are adjusted as events occur that affect the potential liability for taxes such as the expiration of statutes of limitations, conclusion of tax audits, identification of additional exposure based on current calculations, identification of new issues, or the issuance of statutory or administrative guidance or rendering of a court decision affecting a certain issue.

Foreign currency

— Foreign currency translation adjustments represent the unrealized impact of translating the financial statements of our Canadian stores from their respective functional currency (Canadian dollars) to U.S. dollars and are reported as a component of comprehensive income and recorded in “Accumulated other comprehensive loss” on our Consolidated Balance Sheets. Gains and losses from foreign currency transactions are recognized in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income.

Recently adopted accounting guidance

— On February 4, 2019, we adopted Accounting Standards 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 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 has not been restated.

Upon adoption of the new lease accounting standard, 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 June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU

2016-13

, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,

which requires measurement and recognition of expected versus incurred losses for financial assets held. The guidance primarily relates to our credit card and tenant incentive receivables and is effective in fiscal years beginning after December 15, 2019. The Company does not expect the adoption will have a material impact on our consolidated financial statements.

In January 2017, the FASB issued ASU

2017-04

, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,

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 does not anticipate the updated guidance will have a material impact on its consolidated financial statements.

Inventories

12 Months Ended

Feb. 02, 2020

Inventory Disclosure [Abstract]

Inventories

Note 2: Inventories

Inventories consist of the following for the fiscal years ended:


	February 2, 2020		February 3, 2019
Operating store - food and beverage	$	7,950	$	7,617
Operating store - amusement		9,585		9,258
Corporate - amusement, supplies and other		16,942		10,440

	$	34,477	$	27,315

Amusement inventory includes electronics, plush toys and small novelty and other items used as redemption prizes for certain midway games, as well as supplies needed for midway operations.

Property and Equipment

12 Months Ended

Feb. 02, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 3: Property and Equipment

Property and equipment consist of the following for the fiscal years ended:


	February 2, 2020			February 3, 2019
Land	$	9,021		$	2,444
Buildings and building improvements		23,484			17,153
Leasehold improvements		793,698			698,328
Furniture, fixtures and equipment		412,716			338,605
Games		286,195			251,819
Construction in progress		62,347			75,166

Total cost		1,587,461			1,383,515
Accumulated depreciation		(686,824	)		(578,178	)

Property and equipment, net	$	900,637		$	805,337

Depreciation expense totaled $132,399 for fiscal 2019, $118,087 for fiscal 2018, and $102,178 for fiscal 2017.

During fiscal 2019, we purchased land in Gloucester, New Jersey and Gainseville, Florida in the amounts of $3,766 and $2,811, respectively. During fiscal 2018, we purchased land in Wichita, Kansas in the amount of

2,444

. Additionally, during fiscal 2018, we completed a sale-leaseback transaction under which we sold the land and buildings of one of our stores to an unrelated party, we recorded net proceeds from the sale of $

11,571

and a loss of $

on the transaction. The lease entered into as a result of the sale-leaseback transaction was classified as an operating lease.

Accrued Liabilities

12 Months Ended

Feb. 02, 2020

Other Liabilities Disclosure [Abstract]

Accrued Liabilities

Note 4: Accrued Liabilities

Accrued liabilities consist of the following as of the fiscal years ended:


	February 2, 2020		February 3, 2019
Deferred amusement revenue	$	75,113	$	64,143
Current portion of operating lease liabilities, net ( 1 )		45,611		—
Current portion of deferred occupancy costs		—		15,737
Compensation and benefits		23,421		24,280
Deferred gift card revenue		11,253		9,450
Property taxes		7,226		7,278
Current portion of long-term insurance		6,500		5,900
Dividend payable		4,891		—
Utilities		4,442		4,032
Customer deposits		4,324		3,731
Sales and use taxes		4,000		5,226
Current portion of derivatives		3,518		—
Inventory liabilities		2,179		2,876
Variable rent liabilities		1,331		2,245
Other (Note 10)		13,643		12,266

Total accrued liabilities	$	207,452	$	157,164

(1)	The balance of leasehold incentive receivables of $6,339 at February 2, 2020, is reflected as a reduction of the current portion of operating lease liabilities.

Debt

12 Months Ended

Feb. 02, 2020

Debt Disclosure [Abstract]

Debt

Note 5: Debt

Long-term debt consists of the following as of the fiscal years ended:


	February 2, 2020			February 3, 2019
Credit Facility - term	$	266,250		$	281,250
Credit Facility - revolver		382,000			113,000

Total debt outstanding		648,250			394,250
Less current installments - term		(15,000	)		(15,000	)
Less debt issuance costs - term		(561	)		(781	)

Long-term debt, net	$	632,689		$	378,469

At the time of the refinancing in fiscal 2017, the majority of proceeds from this senior secured credit facility was used to refinance in full the May 15, 2015 credit facility (of which $291,000 was outstanding) and to pay related interest and expenses. We incurred debt costs of $2,910, of which $397 was expensed as a loss on debt refinancing, and the remaining debt costs are being amortized over the life of the credit facility. The total loss on debt refinancing during fiscal 2017, including a portion of unamortized debt costs written off, was $718.

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 LIBOR plus a spread ranging from 1.25% to 2.00% for the term loans and the revolving loans. The interest rate at February 2, 2020 was based on

one-month

LIBOR plus 1.50%. As of February 2, 2020,

and February 3, 2019

the Company’s weighted average interest rate on outstanding borrowings was

3.98% and 3.84%, respectively, including the impact of the interest rate swap agreements during fiscal 2019.

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 February 2, 2020, the Company was in compliance with the restrictive and financial ratio covenants of our credit facility.

Future debt obligations

— Below is our future debt principal payment obligations as of February 2, 2020 by fiscal year:


2020	$	15,000
2021		15,000
2022		618,250

Total future payments	$	648,250

Interest expense, net

— The following tables set forth our recorded interest expense, net for the fiscal years ended:


	February 2, 2020			February 3, 2019			February 4, 2018
Interest expense on credit facilities	$	21,246		$	13,408		$	8,697
Amortization of issuance cost		792			792			739
Interest income		(119	)		(136	)		(224	)
Capitalized interest		(982	)		(1,009	)		(786	)
Change in fair value of interest rate cap		—			58			239

Total interest expense, net	$	20,937		$	13,113		$	8,665

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 of $3,750 per quarter are required beginning December 31, 2017 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 February 2, 2020, we had letters of credit outstanding of $8,147 and $109,853 of borrowing available under our credit facility.

Income Taxes

12 Months Ended

Feb. 02, 2020

Income Tax Disclosure [Abstract]

Income Taxes

Note 6: Income Taxes

On December 22, 2017, the U.S. government enacted the Tax Cuts and Jobs Act (“Tax Act”). The Tax Act made significant changes to corporate taxation, including a reduction of the corporate tax rate from 35% to 21%, creating a territorial tax system, allowing for immediate expensing of certain qualified property, modifying or repealing many business deductions and credits, implementing a deemed repatriation transition tax, and providing other incentives.

The following table sets forth our income tax provision for the fiscal years

ended


	February 2, 2020			February 3 , 201 9			February 4, 2018
Current provision:
Federal	$	11,744		$	13,456		$	35,195
State and local		8,562			10,730			9,112
Foreign		100			1,006			(22	)

Total current provision		20,406			25,192			44,285

Deferred provision (benefit):
Federal		7,109			5,029			(5,697	)
State and local		(365	)		(228	)		(2,885	)
Foreign		(271	)		673			(263	)

Total deferred provision (benefit)		6,473			5,474			(8,845	)

Provision for income taxes	$	26,879		$	30,666		$	35,440

The following table reconciles the federal statutory rate to the effective income tax rate for the fiscal years ended:


	February 2, 2020			February 3, 2019			February 4, 2018
Federal corporate statutory rate		21.0	%		21.0	%		33.7	%
State and local income taxes, net of federal benefit		5.4	%		5.3	%		3.8	%
Permanent differences		1.5	%		1.2	%		1.4	%
Tax credits		(6.4	)%		(5.0	)%		(4.0	)%
Share-based compensation		(0.9	)%		(3.4	)%		(7.3	)%
Impacts related to the Tax Act		—	%		—	%		(5.1	)%
Other		0.5	%		1.6	%		0.2	%

Effective tax rate		21.1	%		20.7	%		22.7	%

Components of the deferred income tax asset (liability) consist of the following as of the fiscal years ended:


	February 2, 2020			February 3, 2019
Deferred tax assets:
Deferred revenu e	$	21,961		$	18,503
Operating lease liability		355,566			16,678
Accrued liabilities		3,744			5,510
Workers compensation and general liability insurance		4,397			4,103
Share-based compensation		6,740			5,991
Hedging transactions		2,864			—
Net operating loss carryovers		2,817			3,177
Indirect benefit of unrecognized tax benefits		525			574
Other		3,209			2,431
Total		401,823			56,967
Valuation allowance		(2,620	)		(1,341	)
Total deferred tax assets, net of valuation allowance		399,203			55,626
Deferred tax liabilities:
Trademark/tradename		(21,583	)		(21,498	)
Property and equipment		(108,685	)		(40,171	)
Operating lease right of use asset		(279,812	)		—
Other		(586	)		(1,855	)
Total deferred tax liabilities		(410,666	)		(63,524	)
Net deferred income tax liability	$	(11,463	)	$	(7,898	)
Reported as:
Deferred tax assets, net - noncurrent		7,639			6,736
Deferred tax liabilities, net - noncurrent		(19,102	)		(14,634	)
Net deferred income tax liability	$	(11,463	)	$	(7,898	)

As of February 2, 2020, we ha

$56,632 of state net operating loss carryforwards,

which will begin to expire in 2020, foreign operating loss carryforward

of $618, which will begin to expire in 2029, and foreign tax credit carryovers of $779, which will begin to expire in 2028.

The increase of $1,279 in the valuation allowance relates primarily to an establishment of an allowance for foreign tax credits and to an increase in the valuation allowance related to executive compensation payments made pursuant to contracts in effect after November 2, 2017 as a result of the Tax Act.

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows, for the fiscal years ended:


	February 2, 2020			February 3, 2019			February 4, 2018
Balance at beginning of year	$	2,333		$	1,568		$	1,348
Additions for tax positions of prior years		463			435			—
Reductions for tax positions of prior years		(44	)		(30	)		(31	)
Additions for tax positions of current year		450			437			290
Settlements with taxing authorities		(390	)		—			—

Lapse of statute of limitations		(732	)		(77	)		(39	)
Balance at end of year	$	2,080		$	2,333		$	1,568

The February 2, 2020 balance of unrecognized tax benefits includes $1,945, that if recognized,

would

affect

our

effective tax rate. As of February 2, 2020, and February 3, 2019, we had accrued interest and penalties of

390

and $

394

, respectively. The Company recorded accrued interest related to the unrecognized tax benefits and penalties as a component of the provision for income taxes recognized in the Consolidated Statements of Comprehensive Income.

In the next twelve months, it is reasonably possible that our unrecognized tax benefits could change due to the resolution of certain tax matters, including payments on those tax matters or due to lapse of the statute of limitations. These resolutions and payments could reduce our unrecognized tax benefits by up to approximately $250.

We file consolidated income tax returns with all our domestic subsidiaries, which are periodically audited by various federal, state and foreign jurisdictions. We are generally no longer subject to federal, state, or foreign income tax examinations for years prior to 2014.

The Company recorded excess tax benefits of $1,201, $4,998 and $11,491 in fiscal 2019, fiscal 2018 and fiscal 2017, respectively, to the provision for income taxes in the Consolidated Statements of Comprehensive Income.

Leases

12 Months Ended

Feb. 02, 2020

Leases

Leases

Note 7: Leases

The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and property taxes, are as follows for the fiscal year ended:


	February 2, 2020
Operating lease cost	$	124,065
Variable lease cost		30,009
Short-term lease cost (1)		435

Total lease cost	$	154,509

(1)	We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Leases with an initial term of 12 months or less, that do not include a purchase option that we are reasonably certain to exercise, are not recorded on the Consolidated Balance Sheet.

Operating lease cost, variable lease cost and short-term lease cost related primarily to our facilities is included in “Other store operating expenses” for our operating stores,

“Pre-opening

costs” for our stores not yet operating, or “General and administrative expenses” for our corporate office and warehouse, in the Consolidated Statements of Comprehensive Income.

Supplemental disclosures of cash flow information related to leases were as follows for the fiscal year

ended


	February 2, 2020
Cash paid for operating lease liabilities	$	123,748
ROU assets obtained in exchange for new operating lease liabilities (1)	$	220,648
Weighted-average remaining lease term - operating leases (in years)		15.7
Weighted-average discount rate - operating leases		5.90	%

(1)	Ex cludes the transition adjustment at adoption of Topic 842 as discussed in Note 1. Description of the Business and Significant Accounting Policies.

Maturities of our operating lease liabilities were as follows as of February 2, 2020:


2021	$	125,624
2022		133,289
2023		126,375
2024		122,836
2025		120,537
Thereafter		1,394,995

Total future operating lease liability	$	2,023,656
Less: amount representing interest		749,652
Present value of operating lease liabilities	$	1,274,004

Operating lease payments in the table above includes minimum lease payments for seven future sites for which the lease has commenced. Operating lease payments exclude approximately

$323,000

of minimum lease payments for fourteen executed facility leases for which we have not yet taken possession.

Rent expense under operating lease agreements under the previous lease guidance, which excludes certain amounts required under the new guidance, consisted of the following for the fiscal years ended:


	February 3, 2019		February 4, 2018
Base rentals	$	109,481	$	93,387
Contingent rentals		3,526		3,427

Total rent expense	$	113,007	$	96,814

As previously disclosed in our 2019 Annual Report on Form

10-K

and under the previous lease accounting guidance, maturities of operating lease liabilities were as follows as of February 3, 2019:


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

Total	$	1,786,828

Stockholders' Equity

12 Months Ended

Feb. 02, 2020

Equity [Abstract]

Stockholders' Equity

Note 8: Stockholders’ Equity

Share repurchase program

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, and as of the end of fiscal 2019, there was approximately $172,820 of share repurchase authorization remaining.

The Company considers several factors in determining when to execute share repurchases, including among other things, current cash needs, capacity for leverage, cost of borrowings, its results of operations and the market price of its common stock. The following table provides, on a settlement date basis, the number of shares repurchased, average price paid per share and total amount paid for share repurchases for fiscal 2019, 2018 and 2017:


	Fiscal 2019		Fiscal 2018		Fiscal 2017
Total number of shares repurchased		7,116,585		3,080,419		2,636,616
Average price paid per share	$	41.78	$	48.41	$	57.62
To t al cash paid for share repurchases	$	297,317	$	149,125	$	151,913

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 and are not included in the table above. During the fiscal year ended 2019

and fiscal year ended 2018

, we withheld 11,536

and 16,251

shares of common stock to satisfy $595

and $673

of employees’ tax obligations

, respectively

Cash Dividends

During the third and fourth quarters of fiscal 2019, our Board of Directors authorized and declared a quarterly cash dividend of $0.16 per share of common stock.

The fourth quarter dividend was paid subsequent to the end of fiscal 2019. During the first and second quarters of fiscal 2019 and the last two quarters of fiscal 2018, our Board of Directors authorized and declared a quarterly cash dividend of $0.15 per share of common stock.

Share-based compensation

The Company maintains an equity incentive plan under which it may grant awards denominated in the Company’s common stock or units of the Company’s common stock, as well as cash variable compensation awards. The Company’s long-term incentive compensation provides awards to executive and management personnel as well as directors. Prior to October 2014, we issued share-based awards under our 2010 Stock Incentive Plan

, and all

utstanding grants under this

plan

were

fully vested

as of

the

end of fiscal 2018.

Share-based awards granted after October 2014 were issued pursuant to the terms of our 2014 Stock Incentive Plan. We may grant stock options, restricted stock or restricted stock units (“RSU’s”) to executive and management personnel as well as directors. The maximum number of shares of common stock issuable under the 2014 Stock Incentive Plan is 3,100,000 shares. Time-based options granted to employees generally become exercisable ratably over a

three-year

period from the grant date. Performance-based RSU’s awarded to employees fully vest after three years, subject to the achievement of performance conditions. Time-based RSU’s have various service periods not exceeding five years.

Options granted under both plans terminate on the

ten-year

anniversary of the grants. Stock option awards generally provide continued vesting, in the event of termination, for employees that reach age 60 or greater and have at least ten years of service or for employees that reach age 65 (“retired employees”). Unvested stock options, restricted stock and RSU’s are generally forfeited by employees who terminate prior to vesting and prorated for retired employees.

Each share granted subject to a stock option award or time-based RSU award reduces the number of shares available under our stock incentive plans by one share. Each share granted subject to a performance RSU award reduces the number of shares available under our stock incentive plans by a range of one share if the target performance is achieved, up to a maximum of two shares for performance above target and a minimum of no shares if performance is below a minimum threshold target.

Compensation expense associated with share-based equity awards granted has been calculated as required by current accounting standards related to stock compensation. The valuation of our stock option awards has been determined using the Black-Scholes option valuation model. The Black-Scholes option valuation model uses assumptions of expected volatility, the expected dividend yield of our stock, the expected term of the awards and the risk-free interest rate, as well as an estimated fair value of our common stock. Fair value valuation analyses were prepared by an independent third-party valuation firm, utilizing the market-determined share price. Since our stock had not been publicly traded prior to our IPO, the expected volatility was based on an average of the historical volatility of certain of our competitors’ stocks over the expected term of the share-based awards with the calculation placing more weight on company-specific volatilities each year thereafter. The dividend yield assumption was based on our history. The simplified method was used to estimate the expected term of share-based awards. This method was used because the Company does not have enough historical option activity to derive an expected life. The risk-free interest rate was based on the implied yield on U.S. Treasury

zero-coupon

issues with a remaining term equivalent to the expected

term

The significant assumptions used in determining the underlying fair value of the weighted-average options granted in fiscal 2019, 2018 and 2017 were as follows:


	Fiscal 2019			Fiscal 2018			Fiscal 2017
Volatility		34.2	%		32.7	%		32.9	%
Risk free interest rate		2.34	%		2.73	%		2.00	%
Expected dividend yield		1.15	%		0.00	%		0.00	%
Expected term – in years		6.0			6.0			6.0
Weighted average grant-date fair value	$	16.93		$	15.36		$	20.54

Compensation expense related to stock options with only service conditions (time-based) is recognized on a straight-line basis over the requisite service period for each separately vesting portion of the award or to the date on which retirement eligibility is achieved, if shorter. Compensation expense related to stock option plans was $3,010, $3,185, and $4,875 during the fiscal years ended February 2, 2020, February 3, 2019, and February 4, 2018, respectively.

Compensation expense for RSU’s and restricted shares is based on the market price of the shares underlying the awards on the grant date. Compensation expense for RSU’s based on performance reflects the estimated probability that performance conditions at target or above will be met, and time-based RSU’s and restricted shares are expensed ratably over the service period. We recorded compensation expense related to our RSU’s and restricted shares awards of $3,847, $4,237, and $4,041 during the fiscal years ended February 2, 2020, February 3, 2019, and February 4, 2018, respectively.

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.

Transactions related to stock option awards during fiscal 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		(13,887	)		36.87		(93,084	)		5.79
Forfeited		(19,102	)		49.43		—			—

Outstanding at February 2, 2020		1,323,495			36.97		266,900			6.72

Exercisable at February 2, 2020		922,734		$	31.49		266,900		$	6.72

The total intrinsic value of options exercised during fiscal 2019, 2018 and

2017 was $3,968, $19,524, and $30,844, respectively. The unrecognized expense related to our stock option plan totaled approximately $2,300 as of February 2, 2020 and will be expensed over a weighted average of 1.9 years. For options outstanding at February 2, 2020, the weighted average remaining contractual life was 5.9 years and the aggregate intrinsic value was $23,600. For options exercisable at February 2, 2020, the weighted average remaining contractual life was 4.9 years and the aggregate intrinsic value was $23,300.

Transactions related to time-based and performance-based RSU’s during fiscal 2019 were as follows:


	Shares			Weighted Avg Grant Date Fair Value
Outstanding at February 3, 2019		220,830		$	47.79
Granted		76,602			51.44
Change in units based on performance		27,372			39.10
Vested		(102,405	)		40.08
Forfeited		(5,584	)		49.53

Outstanding at February 2, 2020		216,815		$	51.58

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 total fair value of shares vested during fiscal 2019, 2018 and 2017 was approximately $5,259, $4,812 and $426, respectively. The unrecognized expense related to our time-based and performance-based RSU’s was approximately $4,800 as of February 2, 2020 and will be expensed over a weighted average

2.0 years.

The Company satisfies stock option exercises and vesting of RSU’s with newly issued shares.

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Feb. 02, 2020
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 9: Employee Benefit Plans We sponsor a plan to provide retirement benefits under the provisions of Section 401(k) of the Internal Revenue Code (the “401(k) Plan”) for all employees who have completed a specified term of service. We provide for a guaranteed matching of 25% of employee contributions, up to a maximum of 6% of eligible employee compensation, as defined by the 401(k) Plan. We also have a discretionary contribution dependent upon attaining a specified performance target. Should we achieve the performance target, it would contribute an additional 25% of qualified employee contributions. Employees may elect to contribute up to 50% of their eligible compensation on a pretax basis. Benefits under the 401(k) Plan are limited to the assets of the 401(k) Plan. Expenses related to our contributions to the 401(k) Plan were $817, $692, $1,089 for fiscal 2019, 2018 and 2017, respectively. We offer a deferred compensation plan that permits a select group of management or highly compensated employees to defer a portion of their compensation. Under this plan, eligible employees may elect to defer up to 50% of their base salary on a pre-tax basis each plan year. Each pay period, we match 25% of the employee’s contributions up to the first 6% of salary deferred. At the end of each year, if our performance target is met, we contribute an additional amount, equal to the employer match contributed each pay period. Any contributions to a participant’s account vest in equal portions over a five-year period and become immediately vested upon termination of a participant’s employment on or after age 65 or by reason of the participant’s death or disability, and upon a change of control (as defined). We recognized $158, $135, and $246 of deferred compensation expense in fiscal 2019, 2018 and 2017, respectively. The deferred compensation plan assets are invested through a rabbi trust. Assets in the rabbi trust are invested in certain mutual funds that cover an investment spectrum ranging from equities to money market instruments and are available to satisfy the claims of our creditors in the event of bankruptcy or insolvency. These mutual funds have published market prices and are reported at fair value using quoted prices available on identical assets and liabilities in active markets, representing Level On e assets as defined by GAAP. Deferred compensation plan assets of $ 8,896 and $ 7,409 , at February 2, 2020 and February 3, 2019, respectively, are included in “Other assets and deferred charges” and the offsetting deferred compensation plan liabilities are included in “Other liabilities” in the accompanying Consolidated Balance Sheets.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Feb. 02, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10: 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. Legal costs related to such claims are expensed as incurred. 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 net costs of settlement, including 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. During the third quarter of fiscal 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 Attorneys 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 difficulties 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. During fiscal 2017, three major hurricanes made landfall impacting areas where we operate our stores, which negatively impacted store revenues. During fiscal 2018, we recognized business interruption insurance recoveries of approximately $3,075 related to the events, which are included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income. During fiscal 2018, we also recognized property insurance recoveries of approximately $541, related to the events, which resulted in a net gain on disposal of fixed assets of approximately $180, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income. We are subject to the terms of a settlement agreement with the Federal Trade Commission that requires us, on an ongoing basis, to establish, implement, and maintain a comprehensive information security program that is reasonably designed to protect the security, confidentiality, and integrity of personal information collected from or about consumers. The agreement does not require us to pay any fines or other monetary assessments and we do not believe that the terms of the agreement will have a material adverse effect on our business, operations, or financial performance.

Earnings per share

12 Months Ended

Feb. 02, 2020

Earnings Per Share [Abstract]

Earnings per share

Note 11: Earnings per share

Basic earnings per share (“EPS”) is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options, unvested time-based RSU’s and 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 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. For fiscal 2019 and fiscal 2018, we excluded

approximately

150,000

and

52,000

anti-dilutive options from the calculation of common equivalent shares.

The following table sets forth the computation of EPS, basic and diluted for the fiscal years ended (in thousands, except share and per share data):


	February 2, 2020		February 3, 2019		Februa r y 4, 2018
Numerator:
Net income	$	100,263	$	117,221	$	120,949
Denominator:
Weighted average number of common shares outstanding (basic)		33,450,217		39,047,106		41,276,314
Weighted average dilutive impact of equity-based awards		649,161		928,016		1,306,695
Weighted average number of common and common equivalent shares outstanding (dilutive)		34,099,378		39,975,122		42,583,009
Net income per share:
Basic	$	3.00	$	3.00	$	2.93
Diluted	$	2.94	$	2.93	$	2.84

Selected Quarterly Financial Information (unaudited)

12 Months Ended

Feb. 02, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (unaudited)

Note 12: Selected Quarterly Financial Information (unaudited)


	Fiscal 2019 Quarters Ended
	5/5/2019		8/4/2019		11/3/2019		2/2/2020
Total revenues	$	363,582	$	344,599	$	299,352	$	347,158
Total cost of products		61,725		59,623		52,180		59,783
Operating income		57,750		46,214		6,499		37,616
Net income		42,443		32,356		482		24,982
Net income per share of common stock:
Basic	$	1.15	$	0.91	$	0.02	$	0.82
Diluted	$	1.13	$	0.90	$	0.02	$	0.80
Weighted average number of shares outstanding:
Basic		36,827,665		35,407,965		30,980,878		30,584,360
Diluted		37,591,944		36,015,710		31,515,454		31,158,919
Stores open at end of period		127		130		134		136

	Fiscal 2018 Quarters Ended
	5/6/2018		8/5/2018		11/4/2018		2/3/2019
Total revenues	$	332,190	$	319,188	$	282,139	$	331,784
Total cost of products		57,139		55,556		48,734		58,834
Operating income		58,604		45,930		15,472		40,994
Net income		42,150		33,779		11,856		29,436
Net income per share of common stock:
Basic	$	1.06	$	0.86	$	0.30	$	0.77
Diluted	$	1.04	$	0.84	$	0.30	$	0.75
Weighted average number of shares outstanding:
Basic		39,695,421		39,355,105		38,892,288		38,245,612
Diluted		40,612,388		40,280,301		39,855,648		39,065,459
Stores open at end of period		112		117		118		121

Our revenues and operations are influenced by seasonal shifts in consumer spending. Typically, we have higher revenues associated with the spring and

year-end

holidays, which will continue to be susceptible to the impact of severe or unseasonably mild weather during that period. Our third quarter, which encompasses the

back-to-school

fall season, has historically had lower revenues as compared to the other quarters.

Subsequent Events	12 Months Ended
Subsequent Events	Feb. 02, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 13: Subsequent Events During March 2020, the World Health Organization declared the rapidly growing coronavirus outbreak to be a global pandemic. The COVID-19 pandemic has significantly impacted health and economic conditions throughout the United States. Federal, state and local governments took a variety of actions to contain the spread of COVID-19. Many jurisdictions where the Company’s stores are located required mandatory store closures or imposed capacity limitations and other restrictions affecting the Company’s operations. As of March 20, 2020, all of the Company’s 137 operating stores were closed, including it’s newest store that opened on March 16, 2020. As a result of these developments, the Company expects a material adverse impact on its results of operations, financial condition and cash flows. The situation is rapidly changing, and the Company cannot predict whether, when or the manner in which the conditions surrounding the COVID-19 pandemic will change including the timing of lifting any restrictions or closure requirements, reopening and staffing of our stores and customer re-engagement with its brand. Effective March 18, 2020, the Company the Board of Directors of the Company adopted a 364-day duration Shareholder Rights Plan (the “Rights Plan”) and declared a dividend of one preferred share purchase right for each outstanding share of common stock to shareholder of record on March 30, 2020 to purchase from the Company one one-ten thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.01 per share, of the Company for an exercise price of $45.00, once the rights become exercisable, subject to adjustment as provided in the related rights agreement.

Description of the Business and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Feb. 02, 2020

Accounting Policies [Abstract]

Description of the business

Going Concern

The Company has taken several immediate steps to reduce operating costs and to conserve cash.

Principles of consolidation

Fiscal year

53-week

year when the fourth quarter has 14 weeks.

Use of estimates

Cash and cash equivalents

Concentration of credit risk

—

Inventories

— Inventories consist of food, beverages, amusement merchandise and other supplies and are stated at the lower of cost

(first-in,

first-out

method) or net realizable value. We record inventory reserves for obsolete and slow-moving inventory.

Cloud-based computing arrangements

Cloud-Based Computing Arrangements

— The Company defers application development stage costs for cloud-based computing arrangements and amortizes over the related service (subscription) agreement.

Property and equipment


	Estimated Depreciable Lives (In Years)
Building and building improvements		5-40
Leasehold improvements		5-20
Furniture, fixtures and equipment		3-10
Games		3-20

right-of-use

Goodwill and tradenames

Other assets and deferred charges, net

were

Fair value of financial instruments

Interest rate swap

Interest rate swaps

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


			Fair Value
	Balance Sheet Location		February 2, 2020
Derivatives designated as hedging instruments:
Interest rate swaps		Accrued liabilities	$	(3,518	)
Interest rate swaps		Other liabilities		(6,967	)

Total derivatives			$	(10,485	)

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


	February 2, 2020
Loss recognized in accumulated other comprehensive loss	$	(10,485	)
Loss reclassified from accumulated other comprehensive loss into net earnings (1)	$	969
Income tax benefit of interest rate swaps in accumulated other comprehensive loss	$	2,864

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

Revenue recognition

related to the amount in deferred amusement revenue as of the end of fiscal 2018.

We sell gift cards, which do not have expiration dates, and we do not deduct

non-usage

Advertising costs

Leases

Our leases typically have initial terms ranging from ten to twenty years and most include options to extend the leases for one or more

5-year

non-lease

of Cash Flows.

Self-insurance programs

Pre-opening costs

—

Pre-opening

costs include costs associated with the opening and organizing of new stores, including the cost of feasibility studies,

pre-opening

rent, training, relocation, recruiting and travel costs for employees engaged in such

pre-opening

activities. All

pre-opening

costs are expensed as incurred.

Income taxes

Foreign currency

Recently adopted accounting guidance

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

2016-02,

Leases (Topic 842)

non-lease

components from lease components for our facility leases.

Recent accounting pronouncements

— In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU

2016-13

, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,

In January 2017, the FASB issued ASU

2017-04

, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,

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

Description of the Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 02, 2020

Accounting Policies [Abstract]

Estimated Useful Lives of Assets


	Estimated Depreciable Lives (In Years)
Building and building improvements		5-40
Leasehold improvements		5-20
Furniture, fixtures and equipment		3-10
Games		3-20

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


			Fair Value
	Balance Sheet Location		February 2, 2020
Derivatives designated as hedging instruments:
Interest rate swaps		Accrued liabilities	$	(3,518	)
Interest rate swaps		Other liabilities		(6,967	)

Total derivatives			$	(10,485	)

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:


	February 2, 2020
Loss recognized in accumulated other comprehensive loss	$	(10,485	)
Loss reclassified from accumulated other comprehensive loss into net earnings (1)	$	969
Income tax benefit of interest rate swaps in accumulated other comprehensive loss	$	2,864

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

Inventories (Tables)

12 Months Ended

Feb. 02, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following for the fiscal years ended:


	February 2, 2020		February 3, 2019
Operating store - food and beverage	$	7,950	$	7,617
Operating store - amusement		9,585		9,258
Corporate - amusement, supplies and other		16,942		10,440

	$	34,477	$	27,315

Property and Equipment (Tables)

12 Months Ended

Feb. 02, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consist of the following for the fiscal years ended:


	February 2, 2020			February 3, 2019
Land	$	9,021		$	2,444
Buildings and building improvements		23,484			17,153
Leasehold improvements		793,698			698,328
Furniture, fixtures and equipment		412,716			338,605
Games		286,195			251,819
Construction in progress		62,347			75,166

Total cost		1,587,461			1,383,515
Accumulated depreciation		(686,824	)		(578,178	)

Property and equipment, net	$	900,637		$	805,337

Accrued Liabilities (Tables)

12 Months Ended

Feb. 02, 2020

Text Block [Abstract]

Accrued Liabilities

Accrued liabilities consist of the following as of the fiscal years ended:


	February 2, 2020		February 3, 2019
Deferred amusement revenue	$	75,113	$	64,143
Current portion of operating lease liabilities, net ( 1 )		45,611		—
Current portion of deferred occupancy costs		—		15,737
Compensation and benefits		23,421		24,280
Deferred gift card revenue		11,253		9,450
Property taxes		7,226		7,278
Current portion of long-term insurance		6,500		5,900
Dividend payable		4,891		—
Utilities		4,442		4,032
Customer deposits		4,324		3,731
Sales and use taxes		4,000		5,226
Current portion of derivatives		3,518		—
Inventory liabilities		2,179		2,876
Variable rent liabilities		1,331		2,245
Other (Note 10)		13,643		12,266

Total accrued liabilities	$	207,452	$	157,164

(1)	The balance of leasehold incentive receivables of $6,339 at February 2, 2020, is reflected as a reduction of the current portion of operating lease liabilities.

Debt (Tables)

12 Months Ended

Feb. 02, 2020

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consists of the following as of the fiscal years ended:


	February 2, 2020			February 3, 2019
Credit Facility - term	$	266,250		$	281,250
Credit Facility - revolver		382,000			113,000

Total debt outstanding		648,250			394,250
Less current installments - term		(15,000	)		(15,000	)
Less debt issuance costs - term		(561	)		(781	)

Long-term debt, net	$	632,689		$	378,469

Future Debt Payment Obligation

Future debt obligations

— Below is our future debt principal payment obligations as of February 2, 2020 by fiscal year:


2020	$	15,000
2021		15,000
2022		618,250

Total future payments	$	648,250

Recorded Interest Expense, Net

Interest expense, net

— The following tables set forth our recorded interest expense, net for the fiscal years ended:


	February 2, 2020			February 3, 2019			February 4, 2018
Interest expense on credit facilities	$	21,246		$	13,408		$	8,697
Amortization of issuance cost		792			792			739
Interest income		(119	)		(136	)		(224	)
Capitalized interest		(982	)		(1,009	)		(786	)
Change in fair value of interest rate cap		—			58			239

Total interest expense, net	$	20,937		$	13,113		$	8,665

Income Taxes (Tables)

12 Months Ended

Feb. 02, 2020

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes

The following table sets forth our income tax provision for the fiscal years

ended


	February 2, 2020			February 3 , 201 9			February 4, 2018
Current provision:
Federal	$	11,744		$	13,456		$	35,195
State and local		8,562			10,730			9,112
Foreign		100			1,006			(22	)

Total current provision		20,406			25,192			44,285

Deferred provision (benefit):
Federal		7,109			5,029			(5,697	)
State and local		(365	)		(228	)		(2,885	)
Foreign		(271	)		673			(263	)

Total deferred provision (benefit)		6,473			5,474			(8,845	)

Provision for income taxes	$	26,879		$	30,666		$	35,440

Components of Deferred Assets and Liabilities

Components of the deferred income tax asset (liability) consist of the following as of the fiscal years ended:


	February 2, 2020			February 3, 2019
Deferred tax assets:
Deferred revenu e	$	21,961		$	18,503
Operating lease liability		355,566			16,678
Accrued liabilities		3,744			5,510
Workers compensation and general liability insurance		4,397			4,103
Share-based compensation		6,740			5,991
Hedging transactions		2,864			—
Net operating loss carryovers		2,817			3,177
Indirect benefit of unrecognized tax benefits		525			574
Other		3,209			2,431
Total		401,823			56,967
Valuation allowance		(2,620	)		(1,341	)
Total deferred tax assets, net of valuation allowance		399,203			55,626
Deferred tax liabilities:
Trademark/tradename		(21,583	)		(21,498	)
Property and equipment		(108,685	)		(40,171	)
Operating lease right of use asset		(279,812	)		—
Other		(586	)		(1,855	)
Total deferred tax liabilities		(410,666	)		(63,524	)
Net deferred income tax liability	$	(11,463	)	$	(7,898	)
Reported as:
Deferred tax assets, net - noncurrent		7,639			6,736
Deferred tax liabilities, net - noncurrent		(19,102	)		(14,634	)
Net deferred income tax liability	$	(11,463	)	$	(7,898	)

Change in Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows, for the fiscal years ended:


	February 2, 2020			February 3, 2019			February 4, 2018
Balance at beginning of year	$	2,333		$	1,568		$	1,348
Additions for tax positions of prior years		463			435			—
Reductions for tax positions of prior years		(44	)		(30	)		(31	)
Additions for tax positions of current year		450			437			290
Settlements with taxing authorities		(390	)		—			—

Lapse of statute of limitations		(732	)		(77	)		(39	)
Balance at end of year	$	2,080		$	2,333		$	1,568

Reconciliation of Federal Statutory Rate to Effective Income Tax Rate

The following table reconciles the federal statutory rate to the effective income tax rate for the fiscal years ended:


	February 2, 2020			February 3, 2019			February 4, 2018
Federal corporate statutory rate		21.0	%		21.0	%		33.7	%
State and local income taxes, net of federal benefit		5.4	%		5.3	%		3.8	%
Permanent differences		1.5	%		1.2	%		1.4	%
Tax credits		(6.4	)%		(5.0	)%		(4.0	)%
Share-based compensation		(0.9	)%		(3.4	)%		(7.3	)%
Impacts related to the Tax Act		—	%		—	%		(5.1	)%
Other		0.5	%		1.6	%		0.2	%

Effective tax rate		21.1	%		20.7	%		22.7	%

Leases (Tables)

12 Months Ended

Feb. 02, 2020

Lessee, Operating Lease, Disclosure

The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and property taxes, are as follows for the fiscal year ended:


	February 2, 2020
Operating lease cost	$	124,065
Variable lease cost		30,009
Short-term lease cost (1)		435

Total lease cost	$	154,509

Disclosure of Other information related to leases

Supplemental disclosures of cash flow information related to leases were as follows for the fiscal year

ended


	February 2, 2020
Cash paid for operating lease liabilities	$	123,748
ROU assets obtained in exchange for new operating lease liabilities (1)	$	220,648
Weighted-average remaining lease term - operating leases (in years)		15.7
Weighted-average discount rate - operating leases		5.90	%

Lessee, Operating Lease, Liability, Maturity

Maturities of our operating lease liabilities were as follows as of February 2, 2020:


2021	$	125,624
2022		133,289
2023		126,375
2024		122,836
2025		120,537
Thereafter		1,394,995

Total future operating lease liability	$	2,023,656
Less: amount representing interest		749,652
Present value of operating lease liabilities	$	1,274,004

Schedule of Future Minimum Rental Payments for Operating Leases

As previously disclosed in our 2019 Annual Report on Form

10-K

and under the previous lease accounting guidance, maturities of operating lease liabilities were as follows as of February 3, 2019:


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

Total	$	1,786,828

Schedule of Operating Leases Rent Expense


	February 3, 2019		February 4, 2018
Base rentals	$	109,481	$	93,387
Contingent rentals		3,526		3,427

Total rent expense	$	113,007	$	96,814

Stockholders' Equity (Tables)

12 Months Ended

Feb. 02, 2020

Equity [Abstract]

Schedule Of Number of Shares Repurchases and Amount paid On Repurchases

The following table provides, on a settlement date basis, the number of shares repurchased, average price paid per share and total amount paid for share repurchases for fiscal 2019, 2018 and 2017:


	Fiscal 2019		Fiscal 2018		Fiscal 2017
Total number of shares repurchased		7,116,585		3,080,419		2,636,616
Average price paid per share	$	41.78	$	48.41	$	57.62
To t al cash paid for share repurchases	$	297,317	$	149,125	$	151,913

Significant Assumptions Used in Determining Underlying Fair Value of Weighted-Average Options Granted

The significant assumptions used in determining the underlying fair value of the weighted-average options granted in fiscal 2019, 2018 and 2017 were as follows:


	Fiscal 2019			Fiscal 2018			Fiscal 2017
Volatility		34.2	%		32.7	%		32.9	%
Risk free interest rate		2.34	%		2.73	%		2.00	%
Expected dividend yield		1.15	%		0.00	%		0.00	%
Expected term – in years		6.0			6.0			6.0
Weighted average grant-date fair value	$	16.93		$	15.36		$	20.54


	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		(13,887	)		36.87		(93,084	)		5.79
Forfeited		(19,102	)		49.43		—			—

Outstanding at February 2, 2020		1,323,495			36.97		266,900			6.72

Exercisable at February 2, 2020		922,734		$	31.49		266,900		$	6.72

Transactions related to time-based and performance-based RSU’s during fiscal 2019 were as follows:


	Shares			Weighted Avg Grant Date Fair Value
Outstanding at February 3, 2019		220,830		$	47.79
Granted		76,602			51.44
Change in units based on performance		27,372			39.10
Vested		(102,405	)		40.08
Forfeited		(5,584	)		49.53

Outstanding at February 2, 2020		216,815		$	51.58

Earnings per share (Tables)

12 Months Ended

Feb. 02, 2020

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 fiscal years ended (in thousands, except share and per share data):


	February 2, 2020		February 3, 2019		Februa r y 4, 2018
Numerator:
Net income	$	100,263	$	117,221	$	120,949
Denominator:
Weighted average number of common shares outstanding (basic)		33,450,217		39,047,106		41,276,314
Weighted average dilutive impact of equity-based awards		649,161		928,016		1,306,695
Weighted average number of common and common equivalent shares outstanding (dilutive)		34,099,378		39,975,122		42,583,009
Net income per share:
Basic	$	3.00	$	3.00	$	2.93
Diluted	$	2.94	$	2.93	$	2.84

Selected Quarterly Financial Information (unaudited) (Tables)

12 Months Ended

Feb. 02, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information


	Fiscal 2019 Quarters Ended
	5/5/2019		8/4/2019		11/3/2019		2/2/2020
Total revenues	$	363,582	$	344,599	$	299,352	$	347,158
Total cost of products		61,725		59,623		52,180		59,783
Operating income		57,750		46,214		6,499		37,616
Net income		42,443		32,356		482		24,982
Net income per share of common stock:
Basic	$	1.15	$	0.91	$	0.02	$	0.82
Diluted	$	1.13	$	0.90	$	0.02	$	0.80
Weighted average number of shares outstanding:
Basic		36,827,665		35,407,965		30,980,878		30,584,360
Diluted		37,591,944		36,015,710		31,515,454		31,158,919
Stores open at end of period		127		130		134		136

	Fiscal 2018 Quarters Ended
	5/6/2018		8/5/2018		11/4/2018		2/3/2019
Total revenues	$	332,190	$	319,188	$	282,139	$	331,784
Total cost of products		57,139		55,556		48,734		58,834
Operating income		58,604		45,930		15,472		40,994
Net income		42,150		33,779		11,856		29,436
Net income per share of common stock:
Basic	$	1.06	$	0.86	$	0.30	$	0.77
Diluted	$	1.04	$	0.84	$	0.30	$	0.75
Weighted average number of shares outstanding:
Basic		39,695,421		39,355,105		38,892,288		38,245,612
Diluted		40,612,388		40,280,301		39,855,648		39,065,459
Stores open at end of period		112		117		118		121

Description of the Business and Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands		3 Months Ended	12 Months Ended
	Mar. 20, 2020 Stores	Feb. 03, 2019 USD ($) Stores	Feb. 02, 2020 USD ($) Stores States Segment	Feb. 03, 2019 USD ($) Stores	Feb. 04, 2018 USD ($)	Nov. 03, 2019 Stores	Aug. 04, 2019 Stores	May 05, 2019 Stores	Feb. 04, 2019 USD ($)	Nov. 04, 2018 Stores	Aug. 05, 2018 Stores	May 06, 2018 Stores
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores		121	136	121		134	130	127		118	117	112
Number of states store operates \| States			39
Number of operating segment \| Segment			1
Number of reportable segment \| Segment			1
Book overdrafts reclassified to accounts payable		$ 12,782	$ 14,026	$ 12,782
Receivables for tenant improvement allowances		10,742	6,339	10,742
Long lived asset impairment loss		0	0		$ 0
Foreign exchange Transaction adjustment			11	59
Impairment of goodwill and tradenames		0	0		0
Amortization expense			61	188	588
Balance of transferable liquor licenses		3,837	5,025	3,837
Advertising costs expensed			44,834	40,767	37,876
Stores Generated Revenues			1,354,691	1,265,301	1,139,791
Other store operating expenses			$ 429,431	384,155	334,546
Weighted Average Term of the License Agreements			5 years
Operating lease liability			$ 1,274,004
Right Of Use Assets			1,011,568
National amount of the swap agreement			$ 350,000
Derivative, Average Fixed Interest Rate			2.47%
Percentage Posting of cash collateral on letters of credit outstanding			103.00%
Subsequent Event [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores	137
Percentage Of Stores	100.00%
Credit Facility-Revolver [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Debt issuance costs		2,026	$ 1,454	2,026
Intellectual Property [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Other store operating expenses			507	259
Unamortized Balance of Intellectual Property Licenses		$ 2,029	$ 2,422	2,029
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%
Canada [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of Canadian province \| Segment			1
Stores Generated Revenues			$ 18,649	$ 18,848	$ 20,075
Long-lived assets			2.00%
Amusement Revenue [Member] \| Other Comprehensive Income (Loss) [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue			$ 31,000
Gift Card Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue			4,700
Gift card breakage revenue			$ 780
Accounting Standards Update 2016-02 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Operating lease liability									$ 1,116,252
Right Of Use Assets									877,714
Cumulative Effect Adjustment of Retained Earnings									145
Deferred Rent Creditand Unfavorable Lease Liability									239,416
Favorable Lease Asset									$ 878

Description of the Business and Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Detail)	12 Months Ended
	Feb. 02, 2020
Building and building improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	40 years
Building and building improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	5 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	20 years
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	5 years
Furniture, Fixtures and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	10 years
Furniture, Fixtures and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	3 years
Games [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	20 years
Games [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	3 years

Description of the Business and Summary of Significant Accounting Policies - Derivative Instruments Outstanding (Details) $ in Thousands	Feb. 02, 2020 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Current portion of derivatives	$ (3,518)
Non-current portion of derivatiives	(6,967)
Total derivatives	$ (10,485)

Description of the Business and Summary of Significant Accounting Policies - Accumulated Other Comprehensive Loss (Details) - Interest Rate Swap [Member] $ in Thousands	12 Months Ended
	Feb. 02, 2020 USD ($)
Loss recognized in accumulated other comprehensive loss	$ (10,485)
Income tax benefit of interest rate swaps in accumulated other comprehensive loss	2,864
Interest Expense [Member]
Loss reclassified from accumulated other comprehensive loss into net earnings	$ 969

Inventories - Inventories (Detail) - USD ($) $ in Thousands	Feb. 02, 2020	Feb. 03, 2019
Inventory [Line Items]
Inventory	$ 34,477	$ 27,315
Operating store—food and beverage [Member]
Inventory [Line Items]
Inventory	7,950	7,617
Operating store—amusement [Member]
Inventory [Line Items]
Inventory	9,585	9,258
Corporate—amusement, supplies and other [Member]
Inventory [Line Items]
Inventory	$ 16,942	$ 10,440

Property and Equipment - Property and Equipment (Detail) - USD ($) $ in Thousands	Feb. 02, 2020	Feb. 03, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,587,461	$ 1,383,515
Accumulated depreciation	(686,824)	(578,178)
Property and equipment, net	900,637	805,337
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,021	2,444
Buildings and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	23,484	17,153
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	793,698	698,328
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	412,716	338,605
Games [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	286,195	251,819
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 62,347	$ 75,166

Property and Equipment Capitalized and Depreciated - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 132,399	$ 118,087	$ 102,178
Sale-Leaseback proceeds		11,571
Property and equipment, gross	1,587,461	1,383,515
Deferred gain (loss) on sale of property		13
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,021	2,444
Land [Member] \| New Jersey [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,766
Land [Member] \| Florida [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,811
Land [Member] \| Kansas [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 2,444

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Thousands	Feb. 02, 2020	Feb. 03, 2019
Accrued Liabilities, Current [Abstract]
Deferred amusement revenue	$ 75,113	$ 64,143
Current portion of operating lease liabilities, net refer to Note 7)	45,611
Current portion of deferred occupancy costs		15,737
Compensation and benefits	23,421	24,280
Deferred gift card revenue	11,253	9,450
Property taxes	7,226	7,278
Current portion of long-term insurance	6,500	5,900
Dividend payable	4,891
Utilities	4,442	4,032
Customer deposits	4,324	3,731
Sales and use taxes	4,000	5,226
Current portion of derivatives	3,518
Inventory liabilities	2,179	2,876
Variable rent liabilities	1,331	2,245
Other (Refer to Note 10)	13,643	12,266
Total accrued liabilities	$ 207,452	$ 157,164

Accrued Liabilities - Accrued Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	Feb. 02, 2020	Feb. 03, 2019
Accrued Liabilities, Current [Abstract]
Receivables for tenant improvement allowances	$ 6,339	$ 10,742

Debt - Additional Information (Detail) - USD ($)		12 Months Ended
Debt - Additional Information (Detail) - USD ($)	Aug. 17, 2017	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Debt Instrument [Line Items]
Debt issuance costs				$ 2,910,000
Loss on debt refinancing			$ 397,000
Loss on debt refinancing				$ 718,000
Debt instrument, description of variable rate basis		LIBOR plus 1.50%
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		$ 109,853,000
Credit facility outstanding	$ 291,000,000
Weighted average effective interest		3.98%	3.84%
Debt instrument, description of variable rate basis		The loans bear interest subject to a pricing grid based on a total leverage ratio, at 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 February 2, 2020, the Company was in compliance with the restrictive and financial ratio covenants of our credit facility.

Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Feb. 02, 2020	Feb. 03, 2019
Debt Instrument [Line Items]
Total debt outstanding	$ 648,250	$ 394,250
Less current installments—term	(15,000)	(15,000)
Long-term debt, net	632,689	378,469
Credit Facility—term [Member]
Debt Instrument [Line Items]
Total debt outstanding	266,250	281,250
Less current installments—term	(15,000)	(15,000)
Less debt issuance costs—term	(561)	(781)
Credit Facility—revolver [Member]
Debt Instrument [Line Items]
Total debt outstanding	$ 382,000	$ 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

Debt - Future Debt Payment Obligation (Detail) - USD ($) $ in Thousands	Feb. 02, 2020	Feb. 03, 2019
Debt Disclosure [Abstract]
2020	$ 15,000
2021	15,000
2022	618,250
Total debt outstanding	$ 648,250	$ 394,250

Debt - Recorded Interest Expense, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Debt Disclosure [Abstract]
Interest expense on credit facilities	$ 21,246	$ 13,408	$ 8,697
Amortization of issuance cost and discount	792	792	739
Interest income	(119)	(136)	(224)
Capitalized interest	(982)	(1,009)	(786)
Change in fair value of interest rate cap		58	239
Total interest expense, net	$ 20,937	$ 13,113	$ 8,665

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands			11 Months Ended	12 Months Ended
	Dec. 31, 2019	Feb. 04, 2018	Dec. 31, 2017	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Income Taxes [Line Items]
Corporate tax rate		21.00%	35.00%	21.00%	21.00%	33.70%
Accrued interest on unrecognized tax benefits				$ 390	$ 394
Increase in Valuation Allowance	$ 1,279
Excess Tax Benefit				1,201	$ 4,998	$ 11,491
Changes in unrecognized tax benefits				250
Total unrecognized tax benefits that, if recognized, would affect our effective tax rate				1,945
State and Local Jurisdiction [Member]
Income Taxes [Line Items]
Net operating loss carryforwards				56,632
Foreign Tax Authority [Member]
Income Taxes [Line Items]
Net operating loss carryforwards				618
Foreign tax credit carryovers				$ 779

Income Taxes - Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Current provision:
Federal	$ 11,744	$ 13,456	$ 35,195
State and local	8,562	10,730	9,112
Foreign	100	1,006	(22)
Total current provision	20,406	25,192	44,285
Deferred provision (benefit):
Federal	7,109	5,029	(5,697)
State and local	(365)	(228)	(2,885)
Foreign	(271)	673	(263)
Total deferred provision (benefit)	6,473	5,474	(8,845)
Provision for income taxes	$ 26,879	$ 30,666	$ 35,440

Income Taxes - Components of Deferred Assets and Liabilities (Detail) - USD ($) $ in Thousands	Feb. 02, 2020	Feb. 03, 2019
Deferred tax assets:
Deferred revenue	$ 21,961	$ 18,503
Operating lease liability	355,566	16,678
Accrued liabilities	3,744	5,510
Workers compensation and general liability insurance	4,397	4,103
Share-based compensation	6,740	5,991
Hedging transactions	2,864
Net operating loss carryovers	2,817	3,177
Indirect benefit of unrecognized tax benefits	525	574
Other	3,209	2,431
Total	401,823	56,967
Valuation allowance	(2,620)	(1,341)
Total deferred tax assets, net of valuation allowance	399,203	55,626
Deferred tax liabilities:
Trademark/tradename	(21,583)	(21,498)
Property and equipment	(108,685)	(40,171)
Operating lease right of use asset	(279,812)
Other	(586)	(1,855)
Total deferred tax liabilities	(410,666)	(63,524)
Net deferred income tax liability	(11,463)	(7,898)
Reported as:
Deferred tax assets, net - noncurrent	7,639	6,736
Deferred tax liabilities, net - noncurrent	(19,102)	(14,634)
Net deferred income tax liability	$ (11,463)	$ (7,898)

Income Taxes - Change in Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 2,333	$ 1,568	$ 1,348
Additions for tax positions of prior years	463	435
Reductions for tax positions of prior years	(44)	(30)	(31)
Additions for tax positions of current year	450	437	290
Settlements with taxing authorities	(390)
Lapse of statute of limitations	(732)	(77)	(39)
Balance at end of year	$ 2,080	$ 2,333	$ 1,568

Income Taxes - Reconciliation of Federal Statutory Rate to Effective Income Tax Rate (Detail)		11 Months Ended	12 Months Ended
	Feb. 04, 2018	Dec. 31, 2017	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Income Tax Disclosure [Abstract]
Federal corporate statutory rate	21.00%	35.00%	21.00%	21.00%	33.70%
State and local income taxes, net of federal income tax benefit			5.40%	5.30%	3.80%
Permanent differences			1.50%	1.20%	1.40%
Tax credits			(6.40%)	(5.00%)	(4.00%)
Share-based compensation			(0.90%)	(3.40%)	(7.30%)
Impacts related to the Tax Act					(5.10%)
Other			0.50%	1.60%	0.20%
Effective tax rate			21.10%	20.70%	22.70%

Leases - Additional Information (Detail) $ in Thousands	Feb. 02, 2020 USD ($)
Leases
Operating lease minimum lease payments	$ 323,000

Leases - Lease Expense (Detail) $ in Thousands	12 Months Ended
Leases - Lease Expense (Detail) $ in Thousands	Feb. 02, 2020 USD ($)
Leases
Operating lease cost	$ 124,065
Variable lease cost	30,009
Short-term lease cost	435
Total lease cost	$ 154,509

Leases - Supplemental Disclosures of Cash Flow Information Related to Leases (Detail) $ in Thousands	3 Months Ended
	Feb. 02, 2020 USD ($)
Leases
Cash paid for operating lease liabilities	$ 123,748
ROU assets obtained in exchange for new operating lease liabilities	$ 220,648
Weighted-average remaining lease term—operating leases (in years)	15 years 8 months 12 days
Weighted-average discount rate—operating leases	5.90%

Leases - Maturities of Our Operating Lease Liabilities (Detail) $ in Thousands	Feb. 02, 2020 USD ($)
Leases
2021	$ 125,624
2022	133,289
2023	126,375
2024	122,836
2025	120,537
Therafter	1,394,995
Total	2,023,656
Less: amount representing interest	749,652
Present value of operating lease liabilities	$ 1,274,004

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

Leases - Operating Leases Rent Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2019	Feb. 04, 2018
Leases
Base rentals	$ 109,481	$ 93,387
Contingent rentals	3,526	3,427
Total rent expense	$ 113,007	$ 96,814

- Definition

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

+ References + Details

Stockholders' Equity - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Nov. 03, 2019	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase remaining authorization amount		$ 172,820,000
Withholding shares of common stock	16,251	11,536
Employees tax obligations	$ 673,000	$ 595,000	$ 673,000
Dividend per		$ 0.16	$ 0.15
Stock repurchase authorized amount		$ 800,000,000
Stock repurchase expiration year		2020
2014 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock available for issuance			3,100,000
Vesting period		3 years
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period of Incentive plan		10 years
Recipient age to expense award on grant date		60 years
Recipient age to expense award on grant date		65 years
Share-based compensation expense related to stock option		$ 3,010,000	$ 3,185,000	$ 4,875,000
Total intrinsic value of stock options exercised		3,968,000	19,524,000	30,844,000
Unrecognized expense related to stock option plan		$ 2,300,000
Unrecognized compensation expense, weighted average years		1 year 10 months 24 days
Weighted average remaining contractual life, options outstanding		5 years 10 months 24 days
Aggregate intrinsic value, options outstanding		$ 23,600,000
Weighted average remaining contractual life, options exercisable		4 years 10 months 24 days
Aggregate intrinsic value, options outstanding, options exercisable		$ 23,300,000
Performance Based RSU [Member] \| 2014 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reduction in available shares granted subject to target performance		1
Reduction in shares granted subject to above target performance		2
Reduction in shares granted subject to below target performance		0
Restricted Stock Units (RSU's) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 3,847,000	4,237,000	4,041,000
Unrecognized compensation expense, weighted average years		2 years
Unrecognized expense related to unvested restricted stock and RSUs		$ 4,800,000
Shares vested, value		$ 5,259,000	$ 4,812,000	$ 426,000
Time Based RSU [Member] \| 2014 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years

Stockholders' Equity - Share repurchase program (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Equity [Abstract]
Total number of shares repurchased	7,116,585	3,080,419	2,636,616
Average price paid per share	$ 41.78	$ 48.41	$ 57.62
Total cash paid for share repurchases	$ 297,317	$ 149,125	$ 151,913

Stockholders' Equity - Significant Assumptions Used in Determining Underlying Fair Value of Weighted-Average Options Granted (Detail) - 2014 Stock Incentive Plan [Member] - Service Based Option [Member] - $ / shares	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	34.20%	32.70%	32.90%
Risk free interest rate	2.34%	2.73%	2.00%
Expected dividend yield	1.15%	0.00%	0.00%
Expected term – in years	6 years	6 years	6 years
Weighted average grant-date fair value	$ 16.93	$ 15.36	$ 20.54

Stockholders' Equity - Transactions Related to Stock Option Awards (Detail)	12 Months Ended
	Feb. 02, 2020 $ / shares shares
2014 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 4, 2018 \| shares	1,134,218
Granted \| shares	222,266
Exercised \| shares	(13,887)
Forfeited \| shares	(19,102)
Options outstanding at February 3, 2019 \| shares	1,323,495
Options exercisable at February 3, 2019 \| shares	922,734
Weighted Average Exercise Price
Options outstanding at February 4, 2018 \| $ / shares	$ 34.22
Granted \| $ / shares	52.04
Exercised \| $ / shares	36.87
Forfeited \| $ / shares	49.43
Options outstanding at February 3, 2019 \| $ / shares	36.97
Options exercisable at February 3, 2019 \| $ / shares	$ 31.49
2010 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 4, 2018 \| shares	359,984
Exercised \| shares	(93,084)
Options outstanding at February 3, 2019 \| shares	266,900
Options exercisable at February 3, 2019 \| shares	266,900
Weighted Average Exercise Price
Options outstanding at February 4, 2018 \| $ / shares	$ 6.48
Exercised \| $ / shares	5.79
Options outstanding at February 3, 2019 \| $ / shares	6.72
Options exercisable at February 3, 2019 \| $ / shares	$ 6.72

Stockholders' Equity - Transactions Related to Time-based and Performance-based RSU's and Restricted Stock (Detail) - Time-Based and Performance-Based RSU's and Restricted Shares [Member]	12 Months Ended
	Feb. 02, 2020 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, February 4, 2018 \| shares	220,830
Restricted Stock Awards, Granted \| shares	76,602
Restricted Stock Awards, Change in units based on performance \| shares	27,372
Restricted Stock Awards, Vested \| shares	(102,405)
Restricted Stock Awards, Forfeited \| shares	(5,584)
Restricted Stock Awards, February 3, 2019 \| shares	216,815
Weighted Average Grant Date Fair Value, February 4, 2018 \| $ / shares	$ 47.79
Weighted Average Grant Date Fair Value, Granted \| $ / shares	51.44
Weighted Average Fair Value Grant Date, Change in units based on performance \| $ / shares	39.10
Weighted Average Fair Value, Vested \| $ / shares	40.08
Weighted Average Fair Value, Forfeited \| $ / shares	49.53
Weighted Average Fair Value, February 3, 2019 \| $ / shares	$ 51.58

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Deferred Compensation Plan [Member]
401(k) and Deferred Compensation Plan [Line Items]
Guaranteed percentage of employee contribution	25.00%
Maximum eligibility of employee compensation	6.00%
Percentage of discretionary contribution	25.00%
Percentage of maximum employee eligible compensation on pretax basis that can be contributed	50.00%
Deferred compensation expense	$ 158	$ 135	$ 246
Description of contributions	Any contributions to a participant’s account vest in equal portions over a five-year period and become immediately vested upon termination of a participant’s employment on or after age 65 or by reason of the participant’s death or disability, and upon a change of control (as defined).
Defined contribution plan employer matching contribution vesting period	5 years
Deferred compensation plan assets	$ 8,896	7,409
401(k) Plan [Member]
401(k) and Deferred Compensation Plan [Line Items]
Guaranteed percentage of employee contribution	25.00%
Maximum eligibility of employee compensation	6.00%
Percentage of discretionary contribution	25.00%
Percentage of maximum employee eligible compensation on pretax basis that can be contributed	50.00%
Deferred compensation expense	$ 817	$ 692	$ 1,089

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2020	Feb. 04, 2018
Other Commitments [Line Items]
Litigation charge		$ 2,550
Legal gross settlement cost		7,500
Property insurance recoveries		$ 4,950
Business interruption insurance recoveries	$ 3,075
Net Gain on FA from Property Insurance Recoveries [Member]
Other Commitments [Line Items]
Property insurance recoveries	541
Other Store Operating Expenses [Member] \| Net Gain on FA from Property Insurance Recoveries [Member]
Other Commitments [Line Items]
Property insurance recoveries	$ 180

Earnings Per Share - Additional Information (Detail) - shares	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019
Earnings Per Share [Abstract]
Weighted average anti-dilutive options excluded from calculation of common equivalent shares	150,000	52,000

Earnings Per Share - Summary of Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	May 05, 2019	Feb. 03, 2019	Nov. 04, 2018	Aug. 05, 2018	May 06, 2018	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Numerator:
Net income									$ 100,263	$ 117,221	$ 120,949
Denominator:
Basic	30,584,360	30,980,878	35,407,965	36,827,665	38,245,612	38,892,288	39,355,105	39,695,421	33,450,217	39,047,106	41,276,314
Weighted average dilutive impact of equity-based awards									649,161	928,016	1,306,695
Weighted average number of common and common equivalent shares outstanding (dilutive)	31,158,919	31,515,454	36,015,710	37,591,944	39,065,459	39,855,648	40,280,301	40,612,388	34,099,378	39,975,122	42,583,009
Net income per share:
Basic	$ 0.82	$ 0.02	$ 0.91	$ 1.15	$ 0.77	$ 0.30	$ 0.86	$ 1.06	$ 3.00	$ 3.00	$ 2.93
Diluted	$ 0.80	$ 0.02	$ 0.90	$ 1.13	$ 0.75	$ 0.30	$ 0.84	$ 1.04	$ 2.94	$ 2.93	$ 2.84

- Definition

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

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- 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.

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+ Details

Selected Quarterly Financial Information - Quarterly Financial Information (Detail) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 02, 2020 USD ($) Stores $ / shares shares	Nov. 03, 2019 USD ($) Stores $ / shares shares	Aug. 04, 2019 USD ($) Stores $ / shares shares	May 05, 2019 USD ($) Stores $ / shares shares	Feb. 03, 2019 USD ($) Stores $ / shares shares	Nov. 04, 2018 USD ($) Stores $ / shares shares	Aug. 05, 2018 USD ($) Stores $ / shares shares	May 06, 2018 USD ($) Stores $ / shares shares	Feb. 02, 2020 USD ($) Stores $ / shares shares	Feb. 03, 2019 USD ($) Stores $ / shares shares	Feb. 04, 2018 USD ($) $ / shares shares
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 347,158	$ 299,352	$ 344,599	$ 363,582	$ 331,784	$ 282,139	$ 319,188	$ 332,190
Total cost of products	59,783	52,180	59,623	61,725	58,834	48,734	55,556	57,139	$ 233,311	$ 220,263	$ 196,672
Operating income	37,616	6,499	46,214	57,750	40,994	15,472	45,930	58,604	$ 127,142	$ 147,887	$ 156,389
Net income	$ 24,982	$ 482	$ 32,356	$ 42,443	$ 29,436	$ 11,856	$ 33,779	$ 42,150
Net income per share of common stock:
Basic \| $ / shares	$ 0.82	$ 0.02	$ 0.91	$ 1.15	$ 0.77	$ 0.30	$ 0.86	$ 1.06	$ 3.00	$ 3.00	$ 2.93
Diluted \| $ / shares	$ 0.80	$ 0.02	$ 0.90	$ 1.13	$ 0.75	$ 0.30	$ 0.84	$ 1.04	$ 2.94	$ 2.93	$ 2.84
Denominator:
Basic \| shares	30,584,360	30,980,878	35,407,965	36,827,665	38,245,612	38,892,288	39,355,105	39,695,421	33,450,217	39,047,106	41,276,314
Diluted \| shares	31,158,919	31,515,454	36,015,710	37,591,944	39,065,459	39,855,648	40,280,301	40,612,388	34,099,378	39,975,122	42,583,009
Stores open at end of period \| Stores	136	134	130	127	121	118	117	112	136	121

Subsequent Events - Additional Information (Detail)	Mar. 20, 2020 Stores	Mar. 18, 2020 $ / shares	Feb. 02, 2020 Stores	Nov. 03, 2019 Stores	Aug. 04, 2019 Stores	May 05, 2019 Stores	Feb. 03, 2019 Stores	Nov. 04, 2018 Stores	Aug. 05, 2018 Stores	May 06, 2018 Stores
Number of stores \| Stores			136	134	130	127	121	118	117	112
Subsequent Event [Member]
Number of stores \| Stores	137
Rights Plan [Member] \| Subsequent Event [Member]
Preferred Stock, par value \| $ / shares		$ 0.01
Preferred Stock, Exercise Price \| $ / shares		$ 45.00