0001193125-20-314977 | 10-Q | XBRL Viewer | Dave Busters Entertainment INC

Cover Page - shares	9 Months Ended
Cover Page - shares	Nov. 01, 2020	Dec. 04, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 01, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Document Quarterly 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		47,642,029
Entity Small Business	false
Entity Emerging Growth Company	false
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
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	PLAY
Title of 12(b) Security	Common Stock $0.01 par value
Security Exchange Name	NASDAQ
Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	PLAY
Title of 12(b) Security	Preferred Stock Purchase Rights
Security Exchange Name	NASDAQ

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Current assets:
Cash and cash equivalents	$ 8,341	$ 24,655
Inventories	26,732	34,477
Prepaid expenses	12,080	14,269
Income taxes receivable	44,574	2,331
Other current assets	665	3,245
Total current assets	92,392	78,977
Property and equipment (net of $767,510 and $686,824 accumulated depreciation as of November 1, 2020 and February 2, 2020, respectively)	846,056	900,637
Operating lease right of use assets	1,050,878	1,011,568
Deferred tax assets	20,451	7,639
Tradenames	79,000	79,000
Goodwill	272,643	272,636
Other assets and deferred charges	23,641	19,682
Total assets	2,385,061	2,370,139
Current liabilities:
Current installments of long-term debt		15,000
Accounts payable	42,849	65,359
Accrued liabilities	244,163	207,452
Income taxes payable	415	3,054
Total current liabilities	287,427	290,865
Deferred income taxes	13,355	19,102
Operating lease liabilities	1,277,794	1,222,054
Other liabilities	37,896	35,779
Long-term debt, net	561,815	632,689
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 60,483,730 shares at November 1, 2020 and 43,386,852 shares at February 2, 2020; outstanding: 47,642,029 shares at November 1, 2020 and 30,603,340 shares at February 2, 2020	605	434
Preferred stock, 50,000,000 authorized; none issued
Paid-in capital	529,523	339,161
Treasury stock, 12,841,701 and 12,783,512 shares as of November 1, 2020 and February 2, 2020, respectively	(595,957)	(595,041)
Accumulated other comprehensive loss	(10,673)	(8,369)
Retained earnings	283,276	433,465
Total stockholders' equity	206,774	169,650
Total liabilities and stockholders' equity	$ 2,385,061	$ 2,370,139

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 767,510	$ 686,824
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	60,483,730	43,386,852
Common stock, shares outstanding	47,642,029	30,603,340
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	12,841,701	12,783,512

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Total revenues	$ 109,052	$ 299,352	$ 319,691	$ 1,007,533
Total cost of products	17,908	52,180	54,664	173,528
Operating payroll and benefits	27,704	76,165	85,197	239,965
Other store operating expenses	70,783	110,713	229,137	321,334
General and administrative expenses	11,746	16,210	35,587	49,047
Depreciation and amortization expense	34,384	33,340	104,896	97,226
Pre-opening costs	2,570	4,245	8,781	15,970
Total operating costs	165,095	292,853	518,262	897,070
Operating income (loss)	(56,043)	6,499	(198,571)	110,463
Interest expense, net	8,213	6,110	22,491	14,771
Loss on debt refinance	904		904	0
Income (loss) before benefit for income taxes	(65,160)	389	(221,966)	95,692
Benefit for income taxes	(17,117)	(93)	(71,777)	20,411
Net income (loss)	(48,043)	482	(150,189)	75,281
Unrealized foreign currency translation gain	34	59	(97)	2
Unrealized loss on derivatives, net of tax	1,370	(1,568)	(2,207)	(7,475)
Total other comprehensive income (loss)	1,404	(1,509)	(2,304)	(7,473)
Total comprehensive loss	$ (46,639)	$ (1,027)	$ (152,493)	$ 67,808
Net income (loss) per share:
Basic	$ (1.01)	$ 0.02	$ (3.56)	$ 2.19
Diluted	$ (1.01)	$ 0.02	$ (3.56)	$ 2.15
Weighted average shares used in per share calculations:
Basic	47,613,741	30,980,878	42,185,163	34,405,503
Diluted	47,613,741	31,515,454	42,185,163	35,042,311
Amusement and Other Revenues [Member]
Total revenues	$ 70,706	$ 174,715	$ 200,423	$ 596,754
Cost of amusement and other	7,244	18,796	21,997	64,456
Food and Beverage [Member]
Total revenues	38,346	124,637	119,268	410,779
Cost of food and beverage	$ 10,664	$ 33,384	$ 32,667	$ 109,072

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative effect of a change in accounting principle, net of tax	Common Stock [Member]	Paid-In Capital [Member]	Treasury Stock at Cost [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative effect of a change in accounting principle, net of tax
Beginning balance at Feb. 03, 2019	$ 387,837	$ (145)	$ 432	$ 331,255	$ (297,129)	$ (683)	$ 353,962	$ (145)
Beginning balance, shares at Feb. 03, 2019			43,177,476		5,655,391
Net income (loss)	75,281						75,281
Unrealized foreign currency translation (loss) gain	2					2
Unrealized gain (loss) on derivatives, net of tax	(7,475)					(7,475)
Share-based compensation	5,479			5,479
Issuance of common stock	778		$ 2	776
Issuance of common stock, shares			173,009
Repurchase of common stock	(297,912)				$ (297,912)
Repurchase of common stock, shares					7,128,121
Dividends declared	(15,724)						(15,724)
Ending balance at Nov. 03, 2019	148,121		$ 434	337,510	$ (595,041)	(8,156)	413,374
Ending balance, shares at Nov. 03, 2019			43,350,485		12,783,512
Beginning balance at Aug. 04, 2019	249,302		$ 433	335,599	$ (497,862)	(6,647)	417,779
Beginning balance, shares at Aug. 04, 2019			43,337,125		10,358,291
Net income (loss)	482						482
Unrealized foreign currency translation (loss) gain	59					59
Unrealized gain (loss) on derivatives, net of tax	(1,568)					(1,568)
Share-based compensation	1,747			1,747
Issuance of common stock	165		$ 1	164
Issuance of common stock, shares			13,360
Repurchase of common stock	(97,179)				$ (97,179)
Repurchase of common stock, shares					2,425,221
Dividends declared	(4,887)						(4,887)
Ending balance at Nov. 03, 2019	148,121		$ 434	337,510	$ (595,041)	(8,156)	413,374
Ending balance, shares at Nov. 03, 2019			43,350,485		12,783,512
Beginning balance at Feb. 02, 2020	169,650		$ 434	339,161	$ (595,041)	(8,369)	433,465
Beginning balance, shares at Feb. 02, 2020			43,386,852		12,783,512
Net income (loss)	(150,189)						(150,189)
Unrealized foreign currency translation (loss) gain	(97)					(97)
Unrealized gain (loss) on derivatives, net of tax	(2,207)					(2,207)
Share-based compensation	5,344			5,344
Issuance of common stock	185,189		$ 171	185,018
Issuance of common stock, shares			17,096,878
Repurchase of common stock	(916)				$ (916)
Repurchase of common stock, shares					58,189
Ending balance at Nov. 01, 2020	206,774		$ 605	529,523	$ (595,957)	(10,673)	283,276
Ending balance, shares at Nov. 01, 2020			60,483,730		12,841,701
Beginning balance at Aug. 02, 2020	250,371		$ 604	526,253	$ (595,728)	(12,077)	331,319
Beginning balance, shares at Aug. 02, 2020			60,422,212		12,827,300
Net income (loss)	(48,043)						(48,043)
Unrealized foreign currency translation (loss) gain	34					34
Unrealized gain (loss) on derivatives, net of tax	1,370					1,370
Share-based compensation	2,999			2,999
Issuance of common stock	272		$ 1	271
Issuance of common stock, shares			61,518
Repurchase of common stock	(229)				$ (229)
Repurchase of common stock, shares					14,401
Ending balance at Nov. 01, 2020	$ 206,774		$ 605	$ 529,523	$ (595,957)	$ (10,673)	$ 283,276
Ending balance, shares at Nov. 01, 2020			60,483,730		12,841,701

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended	9 Months Ended
	Nov. 03, 2019	Nov. 03, 2019
Statement of Stockholders' Equity [Abstract]
Dividends declared per share	$ 0.16	$ 0.46

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019
Cash flows from operating activities:
Net income (loss)	$ (150,189)	$ 75,281
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	104,896	97,226
Non-cash interest expense	4,088	0
Impairment of long-lived assets	13,727	0
Deferred taxes	(17,730)	5,309
Loss on disposal of fixed assets	541	1,284
Loss on debt refinance	904	0
Share-based compensation	5,344	5,479
Other, net	1,292	928
Changes in assets and liabilities:
Inventories	7,745	(5,305)
Prepaid expenses	2,761	(615)
Income tax receivable	(42,243)	(996)
Other current assets	2,580	6,050
Other assets and deferred charges	(3)	(1,775)
Accounts payable	(11,945)	5,422
Accrued liabilities	44,742	37,671
Income taxes payable	(2,639)	(10,079)
Other liabilities	4,375	1,909
Net cash provided by (used in) operating activities	(31,754)	217,789
Cash flows from investing activities:
Capital expenditures	(72,604)	(172,888)
Proceeds from sales of property and equipment	234	615
Net cash used in investing activities	(72,370)	(172,273)
Cash flows from financing activities:
Proceeds from debt	688,000	366,000
Payments of debt	(760,250)	(104,250)
Net proceeds from the issuance of common stock	182,207	0
Proceeds from the exercise of stock options	465	778
Repurchase of common stock under share repurchase program	0	(297,317)
Dividends paid	(4,891)	(10,837)
Debt issuance costs	(16,805)	0
Repurchases of common stock to satisfy employee withholding tax obligations	(916)	(595)
Net cash provided by (used in) financing activities	87,810	(46,221)
Decrease in cash and cash equivalents	(16,314)	(705)
Beginning cash and cash equivalents	24,655	21,585
Ending cash and cash equivalents	8,341	20,880
Supplemental disclosures of cash flow information:
Decrease in fixed asset accounts payable	(12,315)	(311)
Cash paid (refund received) of income taxes, net	(9,281)	26,086
Cash paid for interest, net	17,306	13,920
Dividend declared, not paid	$ 0	$ 4,887

Summary of Significant Accounting Policies

9 Months Ended

Nov. 01, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1: Summary of Significant Accounting Policies

The accompanying unaudited consolidated financial statements include the accounts of Dave & Buster’s Entertainment, Inc. (referred to herein as the “Company”, “we,” “us” and “our”), any predecessor companies and its wholly-owned subsidiaries, Dave & Buster’s Holdings, Inc. (“D&B Holdings”), which owns 100% of the outstanding common stock of Dave & Busters, Inc. (“D&B Inc”), the operating company. All intercompany balances and transactions have been eliminated in consolidation. The Company, headquartered in Dallas, Texas, is a leading operator of high-volume entertainment and dining venues (“stores”) in North America for adults and families under the name “Dave & Buster’s”. The Company operates its business as one operating and one reportable segment. During the

thirty-

nine

weeks ended November 1, 2020, management made the decision to not

re-open

two stores located in the Chicago, Illinois area and Houston,

Texas area, which are near the end of their respective lease terms, and

we opened two new stores located in Manchester, New Hampshire and Lehigh, Pennsylvania. As of November 1, 2020, we owned and operated 137 stores located in 40 states, Puerto Rico and one Canadian province.

The Company operates on a 52 or

53-week

fiscal year that ends on the Sunday after the Saturday closest to January 31. Each quarterly period reported has 13 weeks. Fiscal 2020 and 2019, which end on January 31, 2021 and February 2, 2020, respectively, contain 52 weeks.

The Company’s financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States for interim financial information as prescribed by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and notes required by GAAP for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. Our quarterly financial data should be read in conjunction with the audited financial statements and notes thereto for the year ended February 2, 2020, included in our Annual Report on Form

10-K

as filed with the SEC.

COVID-19 Considerations

— On March 11, 2020, the World Health Organization declared the COVID-19 outbreak to be a global pandemic and on March 13, 2020, the United States declared a National Public Health Emergency. As a result, several state and local mandates were implemented that encouraged the practice of social distancing, placed restrictions from individuals gathering in groups and, in many areas, placed complete restrictions on non-essential movement outside of the home. Shortly after the national emergency declaration, state and local officials began placing restrictions

on businesses

, some of which allowed To-Go or curbside service only while others limited capacity in the dining room or midway. By March 20, 2020, all of our 137 operating stores were temporarily closed (including our one new store that opened on March 16).

During our first quarter, one store

re-opened

to the public with limited food and beverage offerings and two additional stores offered

off-premise

dining options. During our second and third quarters, we have progressively

re-opened

limited operations in an additional 101 stores and one new store in Manchester, New Hampshire and one new store in Lehigh Valley, Pennsylvania.

Two stores that re-opened during the second quarter were re-closed during the third quarter (one of which re-opened on November 14, 2020).

As of November 1, 2020, 104 of our 137 stores were open, in limited capacity, in 36 states, Puerto Rico and Canada.

As of November 1, 2020, 33 of the Company’s stores were closed to in-person guests as a result of local COVID-19 restrictions (31 of which have been closed since March 20, 2020). Subsequent to the third quarter, some local and state governments began to roll back their re-opening plans in light of climbing COVID-19 case counts. As of December 4, 2020, 4

stores were closed due to jurisdictional restrictions.

The Company has been

ongoing discussions with landlords and other vendors to negotiate relief from cash payments under existing lease and trade payable obligations. As of November 1, 2020, a total of 123 rent relief agreements related to our operating locations and corporate headquarters were executed, which generally provide for full deferral for three months beginning April 2020, with partial deferral continuing for periods of up to six months, at approximately 50% of those locations. We have also been successful in negotiating extended and reduced payment terms with several vendors. In addition to reducing expenses, including capital expenditures and

discretionary spending

, the Company obtained additional liquidity through the sale of common stock during our first and second quarters, which resulted in net proceeds of $182,207.

October

27,

2020, D&B Inc, a wholly owned subsidiary, completed the private sale of $550,000 in aggregate principal amount of 7.625% senior secured notes due 2025. At the same time,

the

revolving credit commitments under our existing credit facility

were extended

through August 17, 2024

and the suspension of our financial ratio covenants

was extended

until

the

last

day

the first quarter of fiscal year 2022.

See Note 3, Debt,

for more information on these transactions.

The measures taken by the Company provide sufficient liquidity to meet estimated cash flow needs and covenant compliance obligations for at least the next twelve months from the issuance of the financial statements.

The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures 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. Operating results for the

thirteen and

thirty-nine weeks ended November 1, 2020 are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending January 31, 2021.

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. There was no book overdraft as of November 1, 2020. A book overdraft of $14,026 is presented in “Accounts payable” in the Consolidated Balance Sheets as of February 2, 2020. Changes in the book overdraft position are presented within “Net cash provided by (used in) operating activities” within the Consolidated Statements of Cash Flows.

Fair value of financial instruments

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

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

Non-financial

assets and liabilities recognized or disclosed at fair value in the consolidated financial statements on a nonrecurring basis include such items as property and equipment,

right-of-use

(“ROU”) assets, goodwill, tradenames and other assets.

During the first quarter of fiscal 2020, the Company recorded an impairment charge for its long-lived assets, including ROU assets, of $6,746, primarily driven by the expected impact of the

COVID-19

pandemic on future cash flows of specific stores. During the second and third quarters of fiscal 2020, the Company did not identify additional triggering events which would require a change in management’s estimate regarding the recoverability of store asset values, and no additional impairment related to our operating stores was recognized. The Company has determined no events and circumstances existed during the thirty-nine weeks ended November 1, 2020 that would indicate it is more likely than not that its goodwill or tradename are impaired. The ultimate severity and longevity of the

COVID-19

pandemic is unknown, and therefore, it is possible that impairments could be identified in future periods, and such amounts could be material.

Additionally, the Company is continuing discussions to terminate or delay possession on several executed lease contracts that have not yet commenced. The Company has also curtailed several potential new store projects that were in the early stage of development. During the thirteen and thirty-nine weeks ended November 1, 2020, we recorded an impairment loss and related contract termination costs of $0 and $6,981, respectively, related to these projects, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss).

Interest rate swaps

— Effective February 28, 2019, 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, which mature August 17, 2022, total

$350,000 and the fixed rate of interest for all agreements is 2.47%.

The Company initially designated its interest rate swap agreements as a cash flow hedge and accounted for the underlying activity in accordance with hedge accounting. Effective April 14, 2020, the Company amended its existing credit facility agreement to obtain relief from its financial covenants, and as a result, the variable interest rate terms were modified to create an interest rate floor of 1.00%. Accordingly, and as a result of the current forward interest rate curve, the Company discontinued the hedging relationship as of April 14, 2020

(de-designation

date). Given the continued existence of the hedged interest payments, the Company is

reclassifying its accumulated other comprehensive loss of $

17,609

as of the

de-designation

date into “Interest expense, net” using a straight-line approach over the remaining life of the originally designated hedging relationship. The amount of

pre-tax

losses in accumulated other comprehensive loss that was reclassified into interest expense subsequent to the

de-designation

date was $

1,886

and $

4,088

for the thirteen and thirty-nine weeks ended November 1, 2020, respectively, and the Company expects to reclassify $

7,547

within the next twelve months. Effective with the

de-designation,

any gain or loss on the derivatives are recognized in earnings in the period in which the change occurs. For the thirteen and thirty-nine weeks ended November 1, 2020, a gain of $

218

and a loss of $

1,578

were recognized, respectively, which are included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss).

Prior to the

de-designation,

changes in the fair values of the interest rate swaps were recorded as a component of other comprehensive loss until the interest payments being hedged were recorded as interest expense, at which time the amounts in accumulated other comprehensive loss were reclassified as an adjustment to interest expense. Cash flows related to the interest rate swaps were

included as a component

of interest expense and in operating activities.

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 periods indicated:


			Fair Value
	Balance Sheet Location		November 1, 2020			February 2, 2020
Interest rate swaps		Accrued liabilities	$	(8,191	)	$	(3,518	)
Interest rate swaps		Other liabilities		(6,479	)		(6,967	)

Total derivatives (1)			$	(14,670	)	$	(10,485	)

(1)	The balance at November 1, 2020 relates to our swap agreements after hedge accounting was discontinued, effective April 14, 2020.

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


	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	November 1, 2020			November 3, 2019			November 1, 2020			November 3, 2019
Amount of loss recorded in accumulated other comprehensive income	$	—			2,483		$	7,602			10,623
Amount of loss reclassified into income (1)	$	(1,886	)		(326	)	$	(4,566	)		(338	)
Income tax expense (benefit) in accumulated other comprehensive income	$	516			(589	)	$	(829	)		(2,810	)

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

Revenue recognition

— 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. During the thirteen and thirty-nine weeks ended November 1, 2020, we recognized revenue of approximately $3,300 and $15,400, respectively, related to the amount in deferred amusement revenue as of the end of fiscal 2019

In jurisdictions where we do not have a legal

obligation

to remit unredeemed gift card balances to a legal authority, we recognize revenue on unredeemed gift cards in proportion to the pattern of redemption by the customers. During the thirteen and thirty-nine weeks ended November 1, 2020, we recognized revenue of approximately $640 and $2,080, respectively, related to the amount in deferred gift card revenue as of the end of fiscal 2019, of which approximately $380 and $590 was

breakage revenue.

Stockholders’ equity

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

800,000

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

During the first quarter of fiscal 2020,

the Company indefinitely

suspended all share repurchase activity. As of August 2, 2020, we have approximately $

172,820

of share repurchase authorization remaining under the current plan.

In our consolidated financial statements, the Company treats shares withheld for tax purposes on behalf of our employees in connection with the vesting of time-based and performance restricted stock units as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase plan. During the thirty-nine weeks ended November 1, 2020 and November 3, 2019, we withheld 58,189 and 11,536 shares of common stock to satisfy $916 and $595 of employees’ tax obligations, respectively. The share activity in the thirty-nine weeks ended November 1, 2020 includes the settlements of $2,517 cash obligations through the issuance of 160,540 shares of common stock.

Effective March 18, 2020, 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 shareholders of record on March 30, 2020 to purchase from the Company

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.

On April 14, 2020, pursuant to an open market sale agreement, the Company sold 6,149,936 shares of its common stock at a price of $12.20 per share, for proceeds of $75,000, prior to deducting offering expenses related to the offering. On May 4, 2020, the Company entered into an underwriting agreement, pursuant to which it sold 9,578,545 shares of its common stock at a price of $10.44 per share, and on May 18, 2020, the underwriter exercised its over-allotment option for an additional 1,014,871 shares at $10.44 per share, resulting in additional proceeds of $110,600 prior to deducting offering costs.

On June 23, 2020, shareholders approved a proposal to amend our 2014 Omnibus Incentive Plan (“Plan”) to increase the number of shares available for awards under the Plan by 3,000,000 shares.

Recently adopted accounting guidance

— 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. The Company adopted this standard as of the beginning of fiscal year 2020, and the adoption did not 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 Company adopted this standard as of the beginning of fiscal year 2020, and the adoption did not have a material impact on our consolidated financial statements.

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 Company adopted this standard as of the beginning of fiscal year 2020, and the adoption did not have a material impact on our consolidated financial statements.

Recent accounting pronouncements

— In December 2019, the FASB issued ASU

2019-12,

Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes

, which removes certain exceptions related to the approach for intraperiod tax allocations, the calculation of income taxes in interim periods, and the recognition of deferred taxes for taxable goodwill. The guidance is effective for fiscal years beginning after December 15, 2020 and for interim periods within those years, with early adoption permitted. The Company is currently assessing the impact of this new standard on our consolidated financial statements.

In March 2020, the FASB issued ASU

2020-04,

Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Reform on Financial Reporting

, which provides temporary optional expedients and exceptions to the current guidance for contract modifications and hedging relationships through December 31, 2022, that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. A contract modification resulting from reference rate reform may be accounted for as a continuation of the existing contract rather than the creation of a new contract. Additionally, changes in the critical terms of hedging relationships, caused by reference rate reform, should not result in the

de-designation

of the instrument, provided certain criteria are met. As of the end of the third quarter of fiscal 2020, the Company’s exposure to LIBOR rates included its credit facility and swap agreements. The Company is currently evaluating the impact of this new standard on our consolidated financial statements.

Accrued Liabilities

9 Months Ended

Nov. 01, 2020

Other Liabilities Disclosure [Abstract]

Accrued Liabilities

Note 2: Accrued Liabilities

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


	November 1, 2020		February 2, 2020
Deferred amusement revenue	$	79,210	$	75,113
Current portion of operating lease liabilities, net (1)		51,850		45,611
Rent payable ( Note 4)		40,542		—
Variable rent liabilities ( Note 4)		7,559		1,331
Deferred gift card revenue		10,330		11,253
Property taxes		10,285		7,226
Compensation and benefits		9,914		23,421
Current portion of derivatives		8,191		3,518
Current portion of long-term insurance		5,100		6,500
Utilities		4,111		4,442
Customer deposits		1,594		4,324
Inventory liabilities		1,948		2,179
Sales and use taxes		1,160		4,000
Dividend payable		—		4,891
Other		12,369		13,643

Total accrued liabilities	$	244,163	$	207,452

(1)	The balance of leasehold incentive receivables of $5,434 and $6,339 at November 1, 2020 and February 2, 2020, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Debt

9 Months Ended

Nov. 01, 2020

Debt Disclosure [Abstract]

Debt

Note 3: Debt

Long-term debt consists of the following as of:


	November 1, 2020			February 2, 2020
Senior Secured Notes	$	550,000		$	—
Credit facility - term		—			266,250
Credit facility - revolver		26,000			382,000

Total debt outstanding		576,000			648,250
Current installments		—			(15,000	)
Debt issuance costs		(14,185	)		(561	)

Long-term debt, net	$	561,815		$	632,689

Effective April 14, 2020, we amended our existing credit facility, which provided relief from compliance with financial covenants through the third quarter of fiscal 2020. The interest rate increased to LIBOR plus 2.00% with a LIBOR floor of 1.00%.

On October 27, 2020, the Company issued $550,000 aggregate principal amount of 7.625% senior secured notes (the “Notes”). Interest on the Notes accrues from October 27, 2020 and is payable in arrears on November 1 and May 1 of each year, commencing on May 1, 2021. The Notes mature on November 1, 2025, unless earlier redeemed, and are subject to the terms and conditions set forth in the related indenture. The Notes were issued by D&B Inc and are unconditionally guaranteed by D&B Holdings and certain of D&B Inc’s existing and future wholly owned material domestic subsidiaries, which is substantially the same as the guarantors of the Company’s existing credit facility.

Concurrent and subject to the issuance of the Notes, the Company entered into a second amendment to its existing credit facility, which included relief from testing compliance with certain financial covenants until the last day of the fiscal quarter ending on May 1, 2022. During the financial covenant suspension period the Company is required to maintain minimum liquidity (primarily

availability

under

the credit facility) of

150,000

. The second amendment

extended

the maturity date of the $

500,000

revolving portion of the facility from August 17, 2022 to

August 17, 2024

, and the interest rate spread increased from

2.00

% to

4.00

% during the financial covenant suspension period, with an additional

1.00

% utilization fee due at maturity. After the financial covenant suspension period, the interest rate spread ranges from

1.25

% to

3.00

%. The second amendment terminated the term loan portion of the credit facility, which triggered payment of $

1,900

of lender debt costs associated with the first amendment.

The Company used the proceeds of the Notes offering, along with cash on hand, to repay the $255,000 principal balance of the term loan facility, $463,000 of borrowings under the revolving credit facility, and related accrued

interest. The Company

incurred debt costs of $18,200, which are being amortized over the terms of the respective Notes and revolving credit facility. As of November 1, 2020, approximately $3,300 of these debt costs had not been paid. The Company also recorded a loss of $904 related to the unamortized debt costs associated with the term portion of the credit facility.

For the thirty-nine weeks ended November 1, 2020, and November 3, 2019, the Company’s weighted average interest rate on outstanding borrowings was 4.17% and 4.03%, respectively. As of November 1, 2020, we had letters of credit outstanding of $9,686 and an unused commitment balance of $464,314 under

the

revolving credit facility.

Our credit facility and Notes contain 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.

Interest expense, net

— The following table sets forth our recorded interest expense, net for the periods indicated:


	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	November 1, 2020			November 3, 2019			November 1, 2020			November 3, 2019
Interest expense on debt	$	6,092			5,769		$	17,255			14,672
Interest associated with swap agreements		1,886			326			4,566			338
Amortization of issuance cost		427			198			1,081			594
Interest income		—			(24	)		(22	)		(75	)
Capitalized interest		(192	)		(159	)		(389	)		(758	)

Total interest expense, net	$	8,213		$	6,110		$	22,491		$	14,771

Leases

9 Months Ended

Nov. 01, 2020

Leases

Leases

Note 4: Leases

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

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 (Loss).

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:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	November 1, 2020		November 3, 2019		November 1, 2020		November 3, 2019
Operating lease cost	$	33,278		31,489	$	100,162		91,729
Variable lease cost		5,351		7,692		18,405		22,335
Short-term lease cost		102		108		329		324

Total	$	38,731	$	39,289	$	118,896	$	114,388

During the thirty-nine weeks ended November 1, 2020, the Company entered into 123 rent relief agreements with our respective landlords on operating locations and our corporate headquarters. Under these agreements, certain rent payments will be abated, deferred or modified without penalty for various periods, generally providing for full deferral for three months beginning April 2020, with partial deferrals continuing for periods of up to six months at approximately 50% of those locations. The Company has elected to account for lease concessions and deferrals resulting directly from

COVID-19

as though the enforceable rights and obligations to the deferrals existed in the respective contracts at lease inception and will not account for the concessions as lease modifications, unless the concession results in a substantial increase in the Company’s obligations. During the thirty-nine weeks ended November 1, 2020, 113 of our 123 rent relief agreements qualified for this accounting election, and the remaining agreements were treated as lease modifications, primarily due to a significant extension of the lease term. Further, as a result of the

COVID-19

pandemic and its impact on our financial condition, the Company has chosen not to pay rent or to pay a portion of operating lease obligations as they become due for eight properties without rent relief agreements as of the end of the third quarter. As of November 1, 2020, we have bifurcated our current operating lease liabilities into the portion that remains subject to accretion and the portion that is accounted for as a deferral of payments or as short payments.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Nov. 01, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5: Commitments and Contingencies We are subject to certain legal proceedings and claims that arise in the ordinary course of our business, including claims alleging violations of federal and state law regarding workplace and employment matters, discrimination, slip-and-fall and other guest-related incidents, and similar matters. In the opinion of management, based upon consultation with legal counsel, the amount of ultimate liability with respect to such legal proceedings and claims will not materially affect the consolidated results of our operations or our financial condition. Legal costs related to such claims are expensed as incurred. 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 a portion of the California Cases, the Company has estimated and accrued for the most likely amount of loss. 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 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 , as well as other lawsuits, 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.

Earnings per share

9 Months Ended

Nov. 01, 2020

Earnings Per Share [Abstract]

Earnings per share

Note 6: Earnings per share

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and unvested), unvested time-based restricted stock units (RSU’s) and unvested performance RSU’s to the extent performance measures were attained as of the end of the reporting period, calculated using the treasury-stock method. Potential dilutive shares are excluded from the computation of earnings per share (“EPS”) if their effect is anti-dilutive. Stock options for which the exercise price exceeds the average market price over the period are anti-dilutive and, accordingly, are excluded from the calculation. The weighted average anti-dilutive options excluded from the calculation of common equivalent shares were 235,368 and 134,450 in the thirteen and thirty-nine weeks ended November 3, 2019.

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


	Thirteen Weeks Ended November 1, 2020			Thirteen Weeks Ended November 3, 2019
Numerator:
Net income (loss)	$	(48,043	)	$	482
Denominator:
Weighted average number of common shares outstanding (basic)		47,613,741			30,980,878
Weighted average dilutive impact of equity-based awards (1)		—			534,576
Weighted average number of common and common equivalent shares outstanding (diluted)		47,613,741			31,515,454
Net income (loss) per share:
Basic	$	(1.01	)	$	0.02
Diluted	$	(1.01	)	$	0.02

	Thirty-Nine Weeks Ended November 1, 2020			Thirty-Nine Weeks Ended November 3, 2019
Numerator:
Net income (loss)	$	(150,189	)	$	75,281
Denominator:
Weighted average number of common shares outstanding (basic)		42,185,163			34,405,503
Weighted average dilutive impact of equity-based awards (1)		—			636,808
Weighted average number of common and common equivalent shares outstanding (diluted)		42,185,163			35,042,311
Net income (loss) per share:
Basic	$	(3.56	)	$	2.19
Diluted	$	(3.56	)	$	2.15

(1)	Due to the net loss for the thirteen and thirty-nine weeks ended November 1, 2020, no incremental shares are included because the effect would be anti-dilutive.

Share-Based Compensation

9 Months Ended

Nov. 01, 2020

Share-based Payment Arrangement [Abstract]

Share-Based Compensation

Note 7: Share-Based Compensation

Compensation expense related to stock options and restricted stock units (“RSU’s”) is included in

“

General

and

administrative expenses

” in the Consolidated Statements of Comprehensive Income (Loss)

and is as follows:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	November 1, 2020		November 3, 2019		November 1, 2020		November 3, 2019
Stock options	$	269		731	$	1,099		2,294
RSU’s		2,730		1,016		4,245		3,185

Share-based compensation expense	$	2,999	$	1,747	$	5,344	$	5,479

Transactions related to stock option awards during the thirty-nine weeks ended November 1, 2020 were as follows:


	2014 Stock Incentive Plan					2010 Stock Incentive Plan
	Number of Options			Wtd. Avg. Exercise Price		Number of Options			Wtd. Avg. Exercise Price
Outstanding at February 2, 2020		1,323,495		$	36.97		266,900		$	6.72
Granted		—			—		—			—
Exercised		—			—		(90,391	)		5.14
Forfeited		(84,395	)		38.79		—			—

Outstanding at November 1, 2020		1,239,100		$	36.84		176,509		$	7.54

Exercisable at November 1, 2020		1,047,124		$	34.64		176,509		$	7.54

The total intrinsic value of options exercised during the thirty-nine weeks ended November 1, 2020 was $904. The unrecognized expense related to our stock option plan totaled approximately $869 as of November 1, 2020 and will be expensed over a weighted average period of 1.2 years.

Transactions related to RSU’s during the thirty-nine weeks ended November 1, 2020, were as follows:


	Shares			Wtd. Avg. Fair Value
Outstanding at February 2, 2020		216,815		$	51.58
Granted		1,063,209			12.74
Change in performance units		4,352			59.67
Vested		(102,595	)		38.11
Forfeited		(50,736	)		27.72

Outstanding at November 1, 2020		1,131,045		$	17.39

Fair value of our RSU’s is based on our closing stock price on the date of grant. The unrecognized expense related to the RSU’s was $9,919 as of November 1, 2020 and will be expensed over a weighted average period of 2.2 years.

During the thirty-nine weeks ended November 1, 2020 and November 3, 2019, excess tax expense (benefit) of $431 and ($912), respectively, were recognized as an expense (benefit) in the “Provision (benefit) for income taxes” in the Consolidated Statement of Comprehensive Income (Loss) and classified as a source in operating activities in the Consolidated Statement of Cash Flows.

Income Taxes	9 Months Ended
Income Taxes	Nov. 01, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 8: Income Taxes On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). Intended to provide economic relief to those impacted by the COVID-19 pandemic, the CARES Act includes provisions, among others, addressing the carryback of net operating losses for specific periods, temporary modifications to the limitations placed on the tax deductibility of net interest expenses, and technical amendments for qualified improvement property. Additionally, the CARES Act, in efforts to enhance business’ liquidity, provides for the deferral of the employer-paid portion of social security taxes. As of November 1, 2020, we have elected to defer employer-paid portion of social security taxes of $3,398, which is included in “Other liabilities” in the Consolidated Balance Sheets. The Company has historically calculated the provision for income taxes during interim reporting periods by applying an estimate of the annualized effective tax rate for the full fiscal year to “ordinary” income or loss for the reporting period. Due to the uncertainty created by the events surrounding the COVID-19 pandemic, the actual effective tax rate for the year to date period was used to calculate the income tax benefit for the thirty-nine weeks ended November 1, 2020. The effective tax rate for the thirty-nine weeks ended November 1, 2020, was a benefit of 32.3 %, compared to an expense of 21.3 % for the thirty-nine weeks ended November 3, 2019, primarily due to the impact of a decrease in operating earnings before income tax and the impact of the tax provisions within the CARES Act. As a result of the impact of the technical amendments for qualified improvement property within the CARES Act, the Company generated a taxable loss in 2019, which together with the taxable loss in 2020, can be carried back to prior years when the statutory federal tax rate was approximately 35.0 %. As of November 1, 2020, the Company has recognized a current benefit of $34,090 related to estimated fiscal year 2019 and 2020 tax net operating losses that will be carried back to recover taxes paid in prior periods. The estimated tax benefit from the net operating losses is included in “Income taxes receivable” in the Consolidated Balance Sheets.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Nov. 01, 2020

Accounting Policies [Abstract]

Description of the business

thirty-

nine

weeks ended November 1, 2020, management made the decision to not

re-open

two stores located in the Chicago, Illinois area and Houston,

Texas area, which are near the end of their respective lease terms, and

The Company operates on a 52 or

53-week

10-K

as filed with the SEC.

COVID-19 Considerations

on businesses

During our first quarter, one store

re-opened

to the public with limited food and beverage offerings and two additional stores offered

off-premise

dining options. During our second and third quarters, we have progressively

re-opened

limited operations in an additional 101 stores and one new store in Manchester, New Hampshire and one new store in Lehigh Valley, Pennsylvania.

Two stores that re-opened during the second quarter were re-closed during the third quarter (one of which re-opened on November 14, 2020).

As of November 1, 2020, 104 of our 137 stores were open, in limited capacity, in 36 states, Puerto Rico and Canada.

stores were closed due to jurisdictional restrictions.

The Company has been

discretionary spending

, the Company obtained additional liquidity through the sale of common stock during our first and second quarters, which resulted in net proceeds of $182,207.

October

27,

2020, D&B Inc, a wholly owned subsidiary, completed the private sale of $550,000 in aggregate principal amount of 7.625% senior secured notes due 2025. At the same time,

the

revolving credit commitments under our existing credit facility

were extended

through August 17, 2024

and the suspension of our financial ratio covenants

was extended

until

the

last

day

the first quarter of fiscal year 2022.

See Note 3, Debt,

for more information on these transactions.

thirteen and

thirty-nine weeks ended November 1, 2020 are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending January 31, 2021.

Cash and cash equivalents

Fair value of financial instruments

Non-financial

assets and liabilities recognized or disclosed at fair value in the consolidated financial statements on a nonrecurring basis include such items as property and equipment,

right-of-use

(“ROU”) assets, goodwill, tradenames and other assets.

During the first quarter of fiscal 2020, the Company recorded an impairment charge for its long-lived assets, including ROU assets, of $6,746, primarily driven by the expected impact of the

COVID-19

pandemic is unknown, and therefore, it is possible that impairments could be identified in future periods, and such amounts could be material.

Interest rate swap

Interest rate swaps

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, which mature August 17, 2022, total

$350,000 and the fixed rate of interest for all agreements is 2.47%.

(de-designation

date). Given the continued existence of the hedged interest payments, the Company is

reclassifying its accumulated other comprehensive loss of $

17,609

as of the

de-designation

date into “Interest expense, net” using a straight-line approach over the remaining life of the originally designated hedging relationship. The amount of

pre-tax

losses in accumulated other comprehensive loss that was reclassified into interest expense subsequent to the

de-designation

date was $

1,886

and $

4,088

for the thirteen and thirty-nine weeks ended November 1, 2020, respectively, and the Company expects to reclassify $

7,547

within the next twelve months. Effective with the

de-designation,

any gain or loss on the derivatives are recognized in earnings in the period in which the change occurs. For the thirteen and thirty-nine weeks ended November 1, 2020, a gain of $

218

and a loss of $

1,578

were recognized, respectively, which are included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss).

Prior to the

de-designation,

included as a component

of interest expense and in operating activities.

The following derivative instruments were outstanding as of the end of the periods indicated:


			Fair Value
	Balance Sheet Location		November 1, 2020			February 2, 2020
Interest rate swaps		Accrued liabilities	$	(8,191	)	$	(3,518	)
Interest rate swaps		Other liabilities		(6,479	)		(6,967	)

Total derivatives (1)			$	(14,670	)	$	(10,485	)

(1)	The balance at November 1, 2020 relates to our swap agreements after hedge accounting was discontinued, effective April 14, 2020.

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


	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	November 1, 2020			November 3, 2019			November 1, 2020			November 3, 2019
Amount of loss recorded in accumulated other comprehensive income	$	—			2,483		$	7,602			10,623
Amount of loss reclassified into income (1)	$	(1,886	)		(326	)	$	(4,566	)		(338	)
Income tax expense (benefit) in accumulated other comprehensive income	$	516			(589	)	$	(829	)		(2,810	)

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

Revenue recognition

In jurisdictions where we do not have a legal

obligation

breakage revenue.

Stockholders' equity

Stockholders’ equity

800,000

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

During the first quarter of fiscal 2020,

the Company indefinitely

suspended all share repurchase activity. As of August 2, 2020, we have approximately $

172,820

of share repurchase authorization remaining under the current plan.

Effective March 18, 2020, the Board of Directors of the Company adopted a

364-day

one-ten

On June 23, 2020, shareholders approved a proposal to amend our 2014 Omnibus Incentive Plan (“Plan”) to increase the number of shares available for awards under the Plan by 3,000,000 shares.

Recently adopted accounting guidance

— 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

Recent accounting pronouncements

— In December 2019, the FASB issued ASU

2019-12,

Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes

In March 2020, the FASB issued ASU

2020-04,

Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Reform on Financial Reporting

de-designation

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Nov. 01, 2020

Accounting Policies [Abstract]

Summary of derivative instruments outstanding

The following derivative instruments were outstanding as of the end of the periods indicated:


			Fair Value
	Balance Sheet Location		November 1, 2020			February 2, 2020
Interest rate swaps		Accrued liabilities	$	(8,191	)	$	(3,518	)
Interest rate swaps		Other liabilities		(6,479	)		(6,967	)

Total derivatives (1)			$	(14,670	)	$	(10,485	)

(1)	The balance at November 1, 2020 relates to our swap agreements after hedge accounting was discontinued, effective April 14, 2020.

Summary of accumulated other comprehensive loss

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


	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	November 1, 2020			November 3, 2019			November 1, 2020			November 3, 2019
Amount of loss recorded in accumulated other comprehensive income	$	—			2,483		$	7,602			10,623
Amount of loss reclassified into income (1)	$	(1,886	)		(326	)	$	(4,566	)		(338	)
Income tax expense (benefit) in accumulated other comprehensive income	$	516			(589	)	$	(829	)		(2,810	)

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

Accrued Liabilities (Tables)

9 Months Ended

Nov. 01, 2020

Text Block [Abstract]

Accrued Liabilities

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


	November 1, 2020		February 2, 2020
Deferred amusement revenue	$	79,210	$	75,113
Current portion of operating lease liabilities, net (1)		51,850		45,611
Rent payable ( Note 4)		40,542		—
Variable rent liabilities ( Note 4)		7,559		1,331
Deferred gift card revenue		10,330		11,253
Property taxes		10,285		7,226
Compensation and benefits		9,914		23,421
Current portion of derivatives		8,191		3,518
Current portion of long-term insurance		5,100		6,500
Utilities		4,111		4,442
Customer deposits		1,594		4,324
Inventory liabilities		1,948		2,179
Sales and use taxes		1,160		4,000
Dividend payable		—		4,891
Other		12,369		13,643

Total accrued liabilities	$	244,163	$	207,452

(1)	The balance of leasehold incentive receivables of $5,434 and $6,339 at November 1, 2020 and February 2, 2020, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Debt (Tables)

9 Months Ended

Nov. 01, 2020

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consists of the following as of:


	November 1, 2020			February 2, 2020
Senior Secured Notes	$	550,000		$	—
Credit facility - term		—			266,250
Credit facility - revolver		26,000			382,000

Total debt outstanding		576,000			648,250
Current installments		—			(15,000	)
Debt issuance costs		(14,185	)		(561	)

Long-term debt, net	$	561,815		$	632,689

Recorded Interest Expense, Net

Interest expense, net

— The following table sets forth our recorded interest expense, net for the periods indicated:


	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	November 1, 2020			November 3, 2019			November 1, 2020			November 3, 2019
Interest expense on debt	$	6,092			5,769		$	17,255			14,672
Interest associated with swap agreements		1,886			326			4,566			338
Amortization of issuance cost		427			198			1,081			594
Interest income		—			(24	)		(22	)		(75	)
Capitalized interest		(192	)		(159	)		(389	)		(758	)

Total interest expense, net	$	8,213		$	6,110		$	22,491		$	14,771

Leases (Tables)

9 Months Ended

Nov. 01, 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:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	November 1, 2020		November 3, 2019		November 1, 2020		November 3, 2019
Operating lease cost	$	33,278		31,489	$	100,162		91,729
Variable lease cost		5,351		7,692		18,405		22,335
Short-term lease cost		102		108		329		324

Total	$	38,731	$	39,289	$	118,896	$	114,388

Earnings per share (Tables)

9 Months Ended

Nov. 01, 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 periods indicated:


	Thirteen Weeks Ended November 1, 2020			Thirteen Weeks Ended November 3, 2019
Numerator:
Net income (loss)	$	(48,043	)	$	482
Denominator:
Weighted average number of common shares outstanding (basic)		47,613,741			30,980,878
Weighted average dilutive impact of equity-based awards (1)		—			534,576
Weighted average number of common and common equivalent shares outstanding (diluted)		47,613,741			31,515,454
Net income (loss) per share:
Basic	$	(1.01	)	$	0.02
Diluted	$	(1.01	)	$	0.02

	Thirty-Nine Weeks Ended November 1, 2020			Thirty-Nine Weeks Ended November 3, 2019
Numerator:
Net income (loss)	$	(150,189	)	$	75,281
Denominator:
Weighted average number of common shares outstanding (basic)		42,185,163			34,405,503
Weighted average dilutive impact of equity-based awards (1)		—			636,808
Weighted average number of common and common equivalent shares outstanding (diluted)		42,185,163			35,042,311
Net income (loss) per share:
Basic	$	(3.56	)	$	2.19
Diluted	$	(3.56	)	$	2.15

(1)	Due to the net loss for the thirteen and thirty-nine weeks ended November 1, 2020, no incremental shares are included because the effect would be anti-dilutive.

Share-Based Compensation (Tables)

9 Months Ended

Nov. 01, 2020

Share-based Payment Arrangement [Abstract]

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

Compensation expense related to stock options and restricted stock units (“RSU’s”) is included in

“

General

and

administrative expenses

” in the Consolidated Statements of Comprehensive Income (Loss)

and is as follows:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	November 1, 2020		November 3, 2019		November 1, 2020		November 3, 2019
Stock options	$	269		731	$	1,099		2,294
RSU’s		2,730		1,016		4,245		3,185

Share-based compensation expense	$	2,999	$	1,747	$	5,344	$	5,479

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

Transactions related to stock option awards during the thirty-nine weeks ended November 1, 2020 were as follows:


	2014 Stock Incentive Plan					2010 Stock Incentive Plan
	Number of Options			Wtd. Avg. Exercise Price		Number of Options			Wtd. Avg. Exercise Price
Outstanding at February 2, 2020		1,323,495		$	36.97		266,900		$	6.72
Granted		—			—		—			—
Exercised		—			—		(90,391	)		5.14
Forfeited		(84,395	)		38.79		—			—

Outstanding at November 1, 2020		1,239,100		$	36.84		176,509		$	7.54

Exercisable at November 1, 2020		1,047,124		$	34.64		176,509		$	7.54

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

Transactions related to RSU’s during the thirty-nine weeks ended November 1, 2020, were as follows:


	Shares			Wtd. Avg. Fair Value
Outstanding at February 2, 2020		216,815		$	51.58
Granted		1,063,209			12.74
Change in performance units		4,352			59.67
Vested		(102,595	)		38.11
Forfeited		(50,736	)		27.72

Outstanding at November 1, 2020		1,131,045		$	17.39

Summary of Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Thousands							3 Months Ended		9 Months Ended
	Oct. 31, 2020 USD ($)	Jun. 23, 2020 shares	May 18, 2020 $ / shares shares	May 04, 2020 USD ($) $ / shares shares	Apr. 14, 2020 USD ($) $ / shares shares	Mar. 18, 2020	Nov. 01, 2020 USD ($) Stores States Segment shares	Nov. 03, 2019 shares	Nov. 01, 2020 USD ($) Stores States Segment shares	Nov. 03, 2019 USD ($) shares	Nov. 14, 2020 Stores	Oct. 27, 2020 USD ($)	Sep. 30, 2020 Stores	Mar. 30, 2020 $ / shares	Mar. 20, 2020 Stores	Feb. 02, 2020 USD ($)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores							137		137
Number of states store operates \| States							40		40
Number of operating segment \| Segment									1
Number of reportable segment \| Segment									1
Book overdrafts reclassified to accounts payable							$ 0		$ 0							$ 14,026
Share repurchase program authorized amount							800,000		800,000
Share repurchase program remaining authorized amount							172,820		172,820
Payments Related to Tax Withholding for Share-based Compensation									916	$ 595
National amount of the swap agreement							$ 350,000		$ 350,000
Derivative, Average Fixed Interest Rate							2.47%		2.47%
Impairment of Long-Lived Assets									$ 13,727	$ 0
Shares Paid for Tax Withholding for Share Based Compensation \| shares									58,189	11,536
Proceeds from Issuance of common stock									$ 182,207	$ 0
Impairment Loss And Contract Termination Costs							$ 0		6,981
Debt Instrument, Maturity Date, Description	senior secured notes due 2025
Secured Debt [Member] \| Senior Notes [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Debt Instrument, Face Amount	$ 550,000											$ 550,000
Debt Instrument, Interest Rate, Stated Percentage	7.625%											7.625%
2014 Stock Incentive Plan [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Share based payment award, number of additional shares authorized \| shares		3,000,000
Shareholder Rights Plan [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Dividends Payable, Date Declared						Mar. 18, 2020
Dividends Payable, Nature Description						one preferred share purchase right for each outstanding share of common stock
Preferred Stock, Par Value Per Share \| $ / shares														$ 0.01
Exercise price of rights \| $ / shares														$ 45.00
Dividends Payable, Date of Record						Mar. 30, 2020
Settlement Of Cash Obligation [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Stock issued during period, shares, issued for services \| shares										160,540
Cash obligation									2,517
Interest Rate Swap [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Interest payments reclassified to interest expense									17,609
Interest payments to be reclassified during next 12 months									7,547
Interest payments reclassified to interest expense during the period							1,886		4,088
Interest Rate Swap [Member] \| Other Store Operating Expenses [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Loss on Derivative							$ 218		$ 1,578
COVID19 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores							101		101
Number of states store operates \| States							36		36
Impairment of Long-Lived Assets							$ 0		$ 6,746
COVID19 [Member] \| Manchester New Hampshire [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores							1		1
COVID19 [Member] \| Lehigh Valley Pennsylvania [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores							1		1
COVID19 [Member] \| Off Premise Dining Option [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores							2		2
Common Stock [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Stock Issued During Period \| shares				9,578,545	6,149,936		61,518	13,360	17,096,878	173,009
Sale of Stock, Price Per Share \| $ / shares				$ 10.44	$ 12.20
Proceeds from Issuance of common stock				$ 110,600	$ 75,000		$ 182,207
Common Stock [Member] \| Over-Allotment Option [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Stock Issued During Period \| shares			1,014,871
Sale of Stock, Price Per Share \| $ / shares			$ 10.44
Stores Open [Member] \| COVID19 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores							104		104		1
Stores Temporarily Re-Closed [Member] \| COVID19 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores							33		33				2		31
Dave And Busters Holdings Inc [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock owned							100.00%		100.00%
Canada [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of Canadian province \| Segment							1		1
Amusement Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred revenue recognized							$ 3,300		$ 15,400
Gift Card Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue							640		2,080
Gift card breakage revenue							$ 380		$ 590

Summary of Significant Accounting Policies - Summary of Derivative Instruments Outstanding (Details) - USD ($)
$ in Thousands

Nov. 01, 2020

Feb. 02, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Current portion of derivatives

$ (8,191)

$ (3,518)

Non-current portion of derivatiives

(6,479)

(6,967)

Total derivatives

^[1]

$ (14,670)

$ (10,485)

[1]	The balance at November 1, 2020 relates to our swap agreements after hedge accounting was discontinued, effective April 14, 2020.

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

3 Months Ended

9 Months Ended

Nov. 01, 2020

Nov. 03, 2019

Nov. 01, 2020

Nov. 03, 2019

Amount of loss recorded in accumulated other comprehensive income

$ 0

$ 2,483

$ 7,602

$ 10,623

Income tax expense (benefit) in accumulated other comprehensive income

516

(589)

(829)

(2,810)

Interest Expense [Member]

Amount of loss reclassified into income

^[1]

$ (1,886)

$ (326)

$ (4,566)

$ (338)

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

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Accrued Liabilities, Current [Abstract]
Deferred amusement revenue	$ 79,210	$ 75,113
Current portion of operating lease liabilities, net (1)	51,850	45,611
Rent payable (Note 4)	40,542
Variable rent liabilities (Note 4)	7,559	1,331
Deferred gift card revenue	10,330	11,253
Property taxes	10,285	7,226
Compensation and benefits	9,914	23,421
Current portion of derivatives	8,191	3,518
Current portion of long-term insurance	5,100	6,500
Utilities	4,111	4,442
Customer deposits	1,594	4,324
Inventory liabilities	1,948	2,179
Sales and use taxes	1,160	4,000
Dividend payable		4,891
Other	12,369	13,643
Total accrued liabilities	$ 244,163	$ 207,452

Accrued Liabilities - Accrued Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Accrued Liabilities, Current [Abstract]
Receivables for tenant improvement allowances	$ 5,434	$ 6,339

Debt - Additional Information (Detail) - USD ($) $ in Thousands		9 Months Ended
	Oct. 27, 2020	Nov. 01, 2020	Nov. 03, 2019	Oct. 31, 2020
Debt Instrument [Line Items]
Deferred financing costs net		$ 3,300
Debt issuance costs		$ 16,805	$ 0
Weighted average effective interest		4.17%	4.03%
Debt issuance costs		$ 18,200
Repayments of long-term debt		255,000
Repayments of lines of credit		$ 463,000
Secured Debt [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Senior secured credit facility	$ 550,000			$ 550,000
Maturity date		Nov. 01, 2025
Weighted average interest rate	7.625%			7.625%
Frequency of periodic interest payment	November 1 and May 1 of each year
Credit Facility [Member]
Debt Instrument [Line Items]
Letter of credit facility outstanding		$ 9,686
Borrowing available		464,314
Credit Facility [Member] \| First Amendment [Member]
Debt Instrument [Line Items]
Debt issuance costs		$ 1,900
Debt instrument interest rate		2.00%
Interest Rate Floor		1.00%
Credit Facility [Member] \| Second Amendment [Member]
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity		$ 500,000
Maturity date		Aug. 17, 2024
Debt instrument interest rate		4.00%
Required liquidity amount		$ 150,000
Debt instrument, utilization fee percentage		1.00%
Write off of deferred debt issuance costs		$ 904
Debt instrument interest rate		2.00%
Credit Facility [Member] \| Minimum [Member] \| Interest Rate Spread Post Financial Covenant Suspension Period [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		1.25%
Credit Facility [Member] \| Maximum [Member] \| Interest Rate Spread Post Financial Covenant Suspension Period [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		3.00%

Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Debt Instrument [Line Items]
Total debt outstanding	$ 576,000	$ 648,250
Less current installments		(15,000)
Long-term debt, net	561,815	632,689
Credit Facility - term [Member]
Debt Instrument [Line Items]
Total debt outstanding		266,250
Less current installments		(15,000)
Less debt issuance costs	(14,185)	(561)
Credit Facility - revolver [Member]
Debt Instrument [Line Items]
Total debt outstanding	26,000	$ 382,000
Secured Debt [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Senior Secured Notes	$ 550,000

Debt - Recorded Interest Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Debt Disclosure [Abstract]
Interest expense on debt	$ 6,092	$ 5,769	$ 17,255	$ 14,672
Interest associated with swap agreements	1,886	326	4,566	338
Amortization of issuance cost and discount	427	198	1,081	594
Interest income		(24)	(22)	(75)
Capitalized interest	(192)	(159)	(389)	(758)
Total interest expense, net	$ 8,213	$ 6,110	$ 22,491	$ 14,771

Leases - Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases - Lease Expense (Detail) - USD ($) $ in Thousands	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Leases
Operating lease cost	$ 33,278	$ 31,489	$ 100,162	$ 91,729
Variable lease cost	5,351	7,692	18,405	22,335
Short-term lease cost	102	108	329	324
Total	$ 38,731	$ 39,289	$ 118,896	$ 114,388

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended	9 Months Ended
	Nov. 03, 2019	Nov. 03, 2019
Earnings Per Share [Abstract]
Weighted average anti-dilutive options excluded from calculation of common equivalent shares	235,368	134,450

Earnings Per Share - Summary of Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

9 Months Ended

Nov. 01, 2020

Nov. 03, 2019

Nov. 01, 2020

Nov. 03, 2019

Numerator:

Net income (loss)

$ (48,043)

$ 482

$ (150,189)

$ 75,281

Denominator:

Weighted average number of common shares outstanding (basic)

47,613,741

30,980,878

42,185,163

34,405,503

Weighted average dilutive impact of equity-based awards

^[1]

534,576

636,808

Weighted average number of common and common equivalent shares outstanding (diluted)

47,613,741

31,515,454

42,185,163

35,042,311

Net income (loss) per share:

Basic

$ (1.01)

$ 0.02

$ (3.56)

$ 2.19

Diluted

$ (1.01)

$ 0.02

$ (3.56)

$ 2.15

[1]	Due to the net loss for the thirteen and thirty-nine weeks ended November 1, 2020, no incremental shares are included because the effect would be anti-dilutive.

- 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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+ Details

- Definition

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

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+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

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+ Details

Earnings Per Share - Summary of Calculation of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) - shares	3 Months Ended	9 Months Ended
	Nov. 01, 2020	Nov. 01, 2020
Earnings Per Share [Abstract]
Weighted average dilutive impact of equity-based awards	0	0

Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess income tax benefit related to stock-based compensation plans	$ 431	$ 912
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	904
Unrecognized expense related to stock option plan	$ 869
Unrecognized compensation expense, weighted average years	1 year 2 months 12 days
Restricted Stock Units (RSU's) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, weighted average years	2 years 2 months 12 days
Unrecognized expense related to unvested restricted stock and RSUs	$ 9,919

Share-Based Compensation - Summary of Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock options	$ 269	$ 731	$ 1,099	$ 2,294
RSU's	2,730	1,016	4,245	3,185
Share-based compensation expense	$ 2,999	$ 1,747	$ 5,344	$ 5,479

Share-Based Compensation - Transactions Related to Stock Option Awards (Detail)	9 Months Ended
	Nov. 01, 2020 $ / shares shares
2014 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 2, 2020 \| shares	1,323,495
Forfeited \| shares	(84,395)
Options outstanding at , November 1, 2020 \| shares	1,239,100
Options exercisable at , November 1, 2020 \| shares	1,047,124
Weighted Average Exercise Price
Options outstanding at February 2, 2020 \| $ / shares	$ 36.97
Forfeited \| $ / shares	38.79
Options outstanding at , November 1, 2020 \| $ / shares	36.84
Options exercisable at , November 1, 2020 \| $ / shares	$ 34.64
2010 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 2, 2020 \| shares	266,900
Exercised \| shares	(90,391)
Options outstanding at , November 1, 2020 \| shares	176,509
Options exercisable at , November 1, 2020 \| shares	176,509
Weighted Average Exercise Price
Options outstanding at February 2, 2020 \| $ / shares	$ 6.72
Exercised \| $ / shares	5.14
Options outstanding at , November 1, 2020 \| $ / shares	7.54
Options exercisable at , November 1, 2020 \| $ / shares	$ 7.54

Share-Based Compensation - Transactions Related to Time-based and Performance-based RSU's and Restricted Stock (Detail) - Time-Based and Performance-Based RSU's [Member]	9 Months Ended
	Nov. 01, 2020 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, February 2, 2020 \| shares	216,815
Restricted Stock Awards, Granted \| shares	1,063,209
Restricted Stock Awards, Change in units based on performance \| shares	4,352
Restricted Stock Awards, Vested \| shares	(102,595)
Restricted Stock Awards, Forfeited \| shares	(50,736)
Restricted Stock Awards, November 1, 2020 \| shares	1,131,045
Weighted Average Grant Date Fair Value, February 2, 2020 \| $ / shares	$ 51.58
Weighted Average Grant Date Fair Value, Granted \| $ / shares	12.74
Weighted Average Fair Value Grant Date, Change in units based on performance \| $ / shares	59.67
Weighted Average Fair Value, Vested \| $ / shares	38.11
Weighted Average Fair Value, Forfeited \| $ / shares	27.72
Weighted Average Fair Value, November 1, 2020 \| $ / shares	$ 17.39

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019
Income Taxes [Line Items]
Corporate tax rate	32.30%	21.30%
Net operating loss carryback, Percentage	35.00%
CARES Act [Member]
Income Taxes [Line Items]
Deferred social security tax	$ 3,398
Tax Year 2019 and 2020 [Member]
Income Taxes [Line Items]
Net tax operating losses that can be carried back	$ 34,090