0001193125-21-268913 | 10-Q | XBRL Viewer | Dave Busters Entertainment INC

Cover Page - shares	6 Months Ended
Cover Page - shares	Aug. 01, 2021	Sep. 03, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 01, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Document Quarterly Report	true
Trading Symbol	PLAY
Entity Registrant Name	Dave & Buster’s Entertainment, Inc.
Entity Central Index Key	0001525769
Entity Filer Category	Large Accelerated Filer
Current Fiscal Year End Date	--01-30
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		48,256,375
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
Title of 12(b) Security	Common Stock $0.01 par value
Security Exchange Name	NASDAQ

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2021	Jan. 31, 2021
Current assets:
Cash and cash equivalents	$ 107,801	$ 11,891
Inventories	23,811	23,807
Prepaid expenses	10,673	11,878
Income taxes receivable	51,639	70,064
Other current assets	2,031	1,231
Total current assets	195,955	118,871
Property and equipment (net of $862,568 and $798,804 accumulated depreciation as of August 1, 2021 and January 31, 2021, respectively)	785,227	815,027
Operating lease right of use assets	1,018,558	1,037,569
Deferred tax assets	7,313	5,874
Tradenames	79,000	79,000
Goodwill	272,570	272,597
Other assets and deferred charges	25,882	23,886
Total assets	2,384,505	2,352,824
Current liabilities:
Accounts payable	34,227	36,400
Accrued liabilities	272,062	234,790
Income taxes payable	2,644	446
Total current liabilities	308,933	271,636
Deferred income taxes	11,405	13,658
Operating lease liabilities	1,248,038	1,267,791
Other liabilities	48,438	50,119
Long-term debt, net	537,816	596,388
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 61,276,473 shares at August 1, 2021 and 60,488,833 shares at January 31, 2021; outstanding: 48,256,375 shares at August 1, 2021 and 47,646,606 shares at January 31, 2021	613	605
Preferred stock, 50,000,000 authorized; none issued
Paid-in capital	540,348	531,191
Treasury stock, 13,020,098 and 12,842,227 shares as of August 1, 2021 and January 31, 2021, respectively	(603,686)	(595,970)
Accumulated other comprehensive loss	(6,296)	(9,085)
Retained earnings	298,896	226,491
Total stockholders' equity	229,875	153,232
Total liabilities and stockholders' equity	$ 2,384,505	$ 2,352,824

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 01, 2021	Jan. 31, 2021
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 862,568	$ 798,804
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	61,276,473	60,488,833
Common stock, shares outstanding	48,256,375	47,646,606
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	13,020,098	12,842,227

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2021	Aug. 02, 2020	Aug. 01, 2021	Aug. 02, 2020
Total revenues	$ 377,638	$ 50,833	$ 642,978	$ 210,639
Cost of food and beverage	33,127	4,659	56,284	22,003
Cost of amusement and other	24,584	4,025	41,198	14,753
Total cost of products	57,711	8,684	97,482	36,756
Operating payroll and benefits	80,623	13,756	130,902	57,493
Other store operating expenses	105,116	62,682	189,561	158,354
General and administrative expenses	18,470	9,278	35,561	23,841
Depreciation and amortization expense	34,875	35,160	69,974	70,512
Pre-opening costs	1,676	2,388	3,335	6,211
Total operating costs	298,471	131,948	526,815	353,167
Operating income (loss)	79,167	(81,115)	116,163	(142,528)
Interest expense, net	13,728	8,163	28,548	14,278
Income (loss) before provision (benefit) for income taxes	65,439	(89,278)	87,615	(156,806)
Provision (benefit) for income taxes	12,669	(30,676)	15,210	(54,660)
Net income (loss)	52,770	(58,602)	72,405	(102,146)
Unrealized foreign currency translation gain (loss)	(15)	304	46	(131)
Unrealized gain (loss) on derivatives, net of tax	1,372	1,372	2,743	(3,577)
Total other comprehensive income (loss)	1,357	1,676	2,789	(3,708)
Total comprehensive income (loss)	$ 54,127	$ (56,926)	$ 75,194	$ (105,854)
Net income (loss) per share:
Basic	$ 1.10	$ (1.24)	$ 1.51	$ (2.59)
Diluted	$ 1.07	$ (1.24)	$ 1.47	$ (2.59)
Weighted average shares used in per share calculations:
Basic	48,178,611	47,111,763	47,937,158	39,470,874
Diluted	49,229,817	47,111,763	49,272,693	39,470,874
Amusement and Other Revenues [Member]
Total revenues	$ 254,632	$ 33,831	$ 434,214	$ 129,717
Food and Beverage [Member]
Total revenues	$ 123,006	$ 17,002	$ 208,764	$ 80,922

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 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)	(102,146)					(102,146)
Unrealized foreign currency translation gain	(131)				(131)
Unrealized gain on derivatives, net of tax	(3,577)				(3,577)
Share-based compensation	2,345		2,345
Issuance of common stock	184,917	$ 170	184,747
Issuance of common stock, shares		17,035,360
Repurchase of common stock	(687)			$ (687)
Repurchase of common stock, shares				43,788
Ending balance at Aug. 02, 2020	250,371	$ 604	526,253	$ (595,728)	(12,077)	331,319
Ending balance, shares at Aug. 02, 2020		60,422,212		12,827,300
Beginning balance at May. 03, 2020	192,635	$ 496	411,048	$ (595,077)	(13,753)	389,921
Beginning balance, shares at May. 03, 2020		49,578,351		12,786,624
Net income (loss)	(58,602)					(58,602)
Unrealized foreign currency translation gain	304				304
Unrealized gain on derivatives, net of tax	1,372				1,372
Share-based compensation	2,734		2,734
Issuance of common stock	112,579	$ 108	112,471
Issuance of common stock, shares		10,843,861
Repurchase of common stock	(651)			$ (651)
Repurchase of common stock, shares				40,676
Ending balance at Aug. 02, 2020	250,371	$ 604	526,253	$ (595,728)	(12,077)	331,319
Ending balance, shares at Aug. 02, 2020		60,422,212		12,827,300
Beginning balance at Jan. 31, 2021	153,232	$ 605	531,191	$ (595,970)	(9,085)	226,491
Beginning balance, shares at Jan. 31, 2021		60,488,833		12,842,227
Net income (loss)	72,405					72,405
Unrealized foreign currency translation gain	46				46
Unrealized gain on derivatives, net of tax	2,743				2,743
Share-based compensation	6,158		6,158
Issuance of common stock	3,007	$ 8	2,999
Issuance of common stock, shares		787,640
Repurchase of common stock	(7,716)			$ (7,716)
Repurchase of common stock, shares				177,871
Ending balance at Aug. 01, 2021	229,875	$ 613	540,348	$ (603,686)	(6,296)	298,896
Ending balance, shares at Aug. 01, 2021		61,276,473		13,020,098
Beginning balance at May. 02, 2021	178,642	$ 607	535,768	$ (596,206)	(7,653)	246,126
Beginning balance, shares at May. 02, 2021		60,691,906		12,847,298
Net income (loss)	52,770					52,770
Unrealized foreign currency translation gain	(15)				(15)
Unrealized gain on derivatives, net of tax	1,372				1,372
Share-based compensation	3,187		3,187
Issuance of common stock	1,399	$ 6	1,393
Issuance of common stock, shares		584,567
Repurchase of common stock	(7,480)			$ (7,480)
Repurchase of common stock, shares				172,800
Ending balance at Aug. 01, 2021	$ 229,875	$ 613	$ 540,348	$ (603,686)	$ (6,296)	$ 298,896
Ending balance, shares at Aug. 01, 2021		61,276,473		13,020,098

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Cash flows from operating activities:
Net income (loss)	$ 72,405	$ (102,146)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense	69,974	70,512
Non-cash interest expense	3,774	2,201
Impairment of long-lived assets		13,727
Deferred taxes	(4,723)	(31,609)
Loss on disposal of fixed assets	257	417
Share-based compensation	6,158	2,345
Other, net	2,127	173
Changes in assets and liabilities:
Inventories	(4)	3,288
Prepaid expenses	1,405	2,089
Income tax receivable	18,425	(21,474)
Other current assets	(800)	2,311
Other assets and deferred charges	(2,503)	107
Accounts payable	(4,918)	6,646
Accrued liabilities	39,187	37,522
Income taxes payable	2,198	(2,430)
Other liabilities	(4,874)	2,817
Net cash provided by operating activities	198,088	(13,504)
Cash flows from investing activities:
Capital expenditures	(37,915)	(63,486)
Proceeds from sales of property and equipment	446	152
Net cash used in investing activities	(37,469)	(63,334)
Cash flows from financing activities:
Proceeds from debt	37,000	138,000
Payments of debt	(97,000)	(38,500)
Net proceeds from the issuance of common stock		182,207
Proceeds from the exercise of stock options	3,007	359
Dividends paid		(4,891)
Repurchases of common stock to satisfy employee withholding tax obligations	(7,716)	(687)
Net cash provided by (used in) financing activities	(64,709)	276,488
Increase in cash and cash equivalents	95,910	199,650
Beginning cash and cash equivalents	11,891	24,655
Ending cash and cash equivalents	107,801	224,305
Supplemental disclosures of cash flow information:
Increase (decrease) in fixed asset accounts payable	2,745	(12,466)
Cash paid (refund received) for income taxes, net	(1,189)	752
Cash paid for interest, net	$ 22,978	$ 11,295

Summary of Significant Accounting Policies

6 Months Ended

Aug. 01, 2021

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 first and second quarters of fiscal 2021, we opened one new store located in Gainesville, Florida and one new store located in Fairfield, California, respectively.

As of August

1, 2021, we owned and operated 142 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 2021 and 2020, which end on January 30, 2022 and January 31, 2021, 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 January 31, 2021, 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 our 137

operating stores were temporarily closed. On April 30, 2020, our first store

re-opened

to the public, as state and local guidelines began to allow dining rooms and arcades to open at limited capacity and/or limited hours of operation. By the end of fiscal 2020, we had

re-opened

an additiona

l 101

stores with limited operations. The Company also opened five new stores in the second half of the fiscal year, all of which commenced construction prior to the outbreak of the

COVID-19

pandemic. As of January 31, 2021

, 107 of our 140 stores were open and operating in limited capacity.

During the first quarter of fiscal 2021, the Company

re-opened

31 additional stores and one new store opened on February 8, 2021. During the second quarter of fiscal 2021, the Company

re-opened

three stores, including one that temporarily closed during the first quarter, and the Company opened one new store on June 1

, 2021, resulting in all our 142 stores open and operating in some capacity as of the end of our second quarter.

As stores were

re-opened

during fiscal 2020, typically in limited capacity, the Company reduced labor and other operating costs. During fiscal 2020, the Company also negotiated with landlords and other vendors to negotiate relief from cash payments under existing lease and trade payable obligations, extending or reducing payment terms with several vendors. Regarding negotiations with landlords, a total of 126 initial rent relief agreements related to our operating locations and corporate headquarters were executed during fiscal 2020, which generally provided for rent deferrals on all or a portion of rent for up to six months. As the

COVID-19

pandemic continued to impact our business into the fourth quarter, the Company renewed negotiations with the majority of these landlords in order to provide additional rent relief, generally seeking to push out or extend the terms of deferral pay back periods and/or provide rent relief beyond the periods in the initial agreements. As of the end of the second quarter of fiscal 2021, the Company had executed 97 of these additional rent relief agreements.

In addition to reducing or deferring expenditures, including capital expenditures and discretionary spending, during the first half of fiscal 2020, the Company obtained additional liquidity through the sale of common stock, which resulted in net proceeds of $182,207. On October 27, 2020, D&B Inc 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 of the first quarter of fiscal year 2022. See Note 3, Debt, for more information on these transactions.

The measures taken by the Company as well as the

re-opening

of the Company’s stores 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. We cannot predict whether, when or the manner in which the conditions surrounding

COVID-19,

particularly as a result of a new Delta variant of

COVID-19,

will change, including possible capacity restrictions or

re-closures

of our currently open stores and customer engagement with our brand.

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

twenty-six

weeks ended August 1, 2021 are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending January 30, 2022.

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. A book overdraft of $8,168 is presented in “Accounts payable” in the Consolidated Balance Sheets as of January 31, 2021. There was no book overdraft as of August 1, 2021. 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. 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. The fair value of borrowings under our revolving credit facility was

$62,114

at January 31, 2021, and the fair value of our senior secured notes was

$588,232 and $576,033

at August 1, 2021 and January 31, 2021, respectively. The fair value of the Company’s debt is determined based on a discounted cash flow method, using a sector-specific yield curve based on market-derived, trade price data as of the measurement date, and is classified as a Level Two input within the fair value hierarchy.

The Company also measures certain

non-financial

assets (primarily property and equipment,

right-of-use

(“ROU”) assets, goodwill, tradenames and other assets) at fair value on a

non-recurring

basis in connection with its periodic evaluations of such assets for potential impairment.

During the thirteen and

twenty-six

weeks ended August 2, 2020, the Company recorded an impairment charge for its long-lived assets, including ROU assets, of $0 and $6,746, respectively, primarily driven by the expected impact of the

COVID-19

pandemic on future cash flows of specific stores. During the

twenty-six

weeks ended August 1, 2021, the Company did not identify triggering events which would require a change in management’s estimate regarding the recoverability of store asset values, and no impairment related to our operating stores was recognized. The Company has determined no events and circumstances existed during the

twenty-six

weeks ended August 1, 2021 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.

During the thirteen and twenty-six weeks ended August 2, 2020, the Company recorded an impairment loss and related contract termination costs
of

$2,178 and $6,981

related to projects in development and discussions to terminate several executed lease contracts that had not yet commenced, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss). There were no impairment charges related to our potential future sites during the twenty-six weeks ended August 1, 2021.

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, totals $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 then 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 r

classifying 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 was $3,774 and $2,201 for the

twenty-six

weeks ended August 1, 2021 and August 2, 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

twenty-six

weeks ended August 1, 2021 and August 2, 2020, a loss of $88 and $1,796, respectively, were recognized, 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		August 1, 2021			January 31, 2021
Interest rate swaps		Accrued liabilities	$	(8,300	)	$	(8,350	)
Interest rate swaps		Other liabilities		(373	)		(4,416	)

Total derivatives			$	(8,673	)	$	(12,766	)

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


	Thirteen weeks ended						Twenty-six weeks ended
	August 1, 2021			August 2, 2020			August 1, 2021			August 2, 2020
Loss recorded in accumulated other comprehensive income	$	—		$	—		$	—		$	7,602
Loss reclassified into income (1)	$	(1,887	)	$	(1,887	)	$	(3,774	)	$	(2,680	)
Income tax expense (benefit) in accumulated other
comprehensive income	$	515		$	515		$	1,031		$	(1,345	)

(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 twenty-six weeks ended August 1, 2021, we recognized revenue of approximately

$12,900 and $24,800,

respectively, related to the amount in deferred amusement revenue as of the end of fiscal 2020.

In jurisdictions where we do not have a legal obligation to remit unredeemed gift card balances to a legal authority, we recognize revenue on unredeemed gift cards in proportion to the pattern of redemption by the customers. During the thirteen and twenty-six weeks ended August 1, 2021, we recognized revenue of approximately

$900 and $1,800,

respectively, related to the amount in deferred gift card revenue as of the end of fiscal 2020, of which approximately

$120 and $240

, respectively, was breakage revenue.

Stockholders’ equity

— 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. During the

twenty-six

weeks ended August 1, 2021 and August 2, 2020, we withheld

177,871 and 43,788 shares of common stock to satisfy $7,716 and $687 of employees’ tax obligations, respectively. The share activity in the

twenty-six

weeks ended August 2, 2020 includes the settlements of $2,351 cash obligations through the issuance of 150,455 shares of common stock.

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. During May 2020, the Company entered into an underwriting agreement, pursuant to which it sold an additional 10,593,416 shares of its common stock (including shares under an over-allotment option) at a price of $10.44 per share, for proceeds of $110,600, prior to deducting offering costs.

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

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. The Rights Plan expired on March 17, 2021.

Earnings per share

— Basic net income (loss) per share is computed by dividing net income (loss) available to common shareholders by the basic weighted average number of common shares outstanding for the reporting period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income (loss) per share, the basic weighted average shares outstanding is increased by the dilutive effect of stock options and restricted share awards. Stock options and restricted share awards with an anti-dilutive effect are not included in the diluted net income (loss) per share calculation. For the thirteen weeks ended August 1, 2021 and August 2, 2020, the Company excluded anti-dilutive awards from the calculation of approximately 164,811 and 2,419,468, respectively. For the

twenty-six

weeks ended August 1, 2021 and August 2, 2020, the Company excluded anti-dilutive awards from the calculation of approximately 134,177 and 1,456,430, respectively. Basic weighted average shares outstanding are reconciled to diluted weighted average shares outstanding as follows


	Thirteen weeks ended				Twenty-Six weeks ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Basic weighted average shares outstanding		48,178,611		47,111,763		47,937,158		39,470,874
Weighted average dilutive impact of awards (1)		1,051,206		—		1,335,535		—
Diluted weighted average shares outstanding		49,229,817		47,111,763		49,272,693		39,470,874

(1)	Amounts exclude all potential common and common equivalent shares for periods when there is a net loss.

Recently adopted accounting guidance

— In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have a material impact on our consolidated financial statements.

Recent accounting pronouncements

— 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. Although the Company has swap agreements based on LIBOR rates, the guidance is not expected to have an impact on our consolidated financial statements due to the

de-designation

of our hedging relationships in fiscal 2020.

Accrued Liabilities

6 Months Ended

Aug. 01, 2021

Other Liabilities Disclosure [Abstract]

Accrued Liabilities

Note 2: Accrued Liabilities

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


	August 1, 2021		January 31, 2021
Deferred amusement revenue	$	95,380	$	78,852
Current portion of operating lease liabilities, net (1)		49,699		46,471
Compensation and benefits		33,325		13,846
Current portion of deferred occupancy costs		23,223		36,121
Accrued interest		10,748		11,321
Deferred gift card revenue		10,317		10,918
Property taxes		10,154		8,149
Current portion of derivatives		8,300		8,350
Sales and use taxes		6,148		1,385
Utilities		5,638		4,151
Current portion of long-term insurance		5,000		5,100
Customer deposits		2,695		1,373
Other		11,435		8,753

Total accrued liabilities	$	272,062	$	234,790

(1)	The balance of leasehold incentive receivables of $4,668 and $8,763 as of August 1, 2021 and January 31, 2021, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Debt

6 Months Ended

Aug. 01, 2021

Debt Disclosure [Abstract]

Debt

Note 3: Debt

Long-term debt consists of the following:


	August 1, 2021			January 31, 2021
Senior secured notes	$	550,000		$	550,000
Credit facility — revolver		—			60,000

Total debt outstanding		550,000			610,000
Less debt issuance costs		(12,184	)		(13,612	)

Long-term debt, net	$	537,816		$	596,388

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. Prior to November 1, 2022, but not more than once during any twelve-month period commencing with the issue date of the Notes, the Company may redeem up to 10% of the original principal amount of the Notes at a redemption price of 103% of the principal amount, plus accrued and unpaid interest, at the redemption date. After November 1, 2022, the Company may redeem the Notes, in whole or in part, at certain specified redemption prices, plus accrued and unpaid interest, at the redemption date. 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, increased the interest rate spread to

4.00

% during the financial covenant suspension period, and instituted a

1.00

% utilization fee during that same time period. The utilization fee is due at maturity. The financial covenant suspension period may end earlier, at the Company’s election, if certain predetermined financial covenant ratios are achieved. 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 first amendment, effective April 14, 2020, provided initial relief from compliance with financial covenants after the

COVID-19

pandemic and increased the interest rate spread on variable rate debt to 2.00% plus a LIBOR floor of 1.00%.

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

$18,300, which are being amortized over the terms of the respective Notes and revolving credit facility. The Company also recorded a loss of $904 related to the unamortized debt costs associated with the term portion of the 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.

For the

twenty-six

weeks ended August 1, 2021 and August 2, 2020, respectively, the Company’s weighted average interest rate on outstanding borrowings was 10.17% and 3.98%, respectively. As of August 1, 2021, we had letters of credit outstanding of $10,486 and an unused commitment balance of $489,514 under the revolving credit facility.

Interest expense, net

— The following table sets forth our recorded interest expense, net:


	Thirteen Weeks Ended					Twenty- S ix Weeks Ended
	August 1, 2021			August 2, 2020		August 1, 2021			August 2, 2020
Interest expense on debt	$	11,038		$	5,865	$	23,139		$	11,163
Interest associated with swap agreements		1,887			1,887		3,774			2,680
Amortization of issuance cost		1,103			411		2,205			654
Interest income		—			—		—			(22	)
Capitalized interest		(300	)		—		(570	)		(197	)

Total interest expense, net	$	13,728		$	8,163	$	28,548		$	14,278

Leases

6 Months Ended

Aug. 01, 2021

Leases

Leases

Note 4: Leases

We currently lease most of the buildings or sites 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				Twenty-Six Weeks Ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Operating lease cost	$	33,297		33,321	$	66,591		66,884
Variable lease cost		7,241		5,688		14,630		13,054
Short-term lease cost		187		140		310		227

Total	$	40,725	$	39,149	$	81,531	$	80,165

During fiscal 2020, the Company entered into 126 initial 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. As the

COVID-19

pandemic continued to impact

our business into the fourth quarter of fiscal 2020, the Company renewed negotiations with the majority of these landlords in order to provide additional rent relief, generally seeking to push out or extend the terms of deferral pay back periods and/or provide rent relief beyond the periods in the initial agreements. As of the end of the second quarter of fiscal 2021, the Company had executed 97 rent relief agreements related to the second phase of negotiation. The Company has elected to apply the practical expedient 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. To date, 206 of our 223 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. The Company has bifurcated our current op

rating 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. The current portion of deferred occupancy costs or short pays is included in “Accrued liabilities” and the balance,

or $17,286 and $16,243 at August 1, 2021 and January 31, 2021, respectively, is included in “Other liabilities” in the Consolidated Balance Sheets.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Aug. 01, 2021
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 customer-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 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. During fiscal 2020, the Company settled a portion of the cases at the approximate amount estimated and accrued. For the remaining cases, 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 continues to aggressively defend the remaining cases.

Share-Based Compensation

6 Months Ended

Aug. 01, 2021

Share-based Payment Arrangement [Abstract]

Share-Based Compensation

Note 6: Share-Based Compensation

Compensation expense related to stock options and restricted stock units is included in “General and administrative expenses” in the Consolidated Statements of Comprehensive Income (Loss) and is as follows:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Stock options	$	84		290	$	358		830
Restricted stock units		3,103		2,444		5,800		1,515

Share-based compensation expense	$	3,187	$	2,734	$	6,158	$	2,345

Transactions related to stock option awards during the

twenty-six

weeks ended August 1, 2021 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
	Number of Options			Wtd. Avg. Exercise Price		Number of Options			Wtd. Avg. Exercise Price

Outstanding at January 31, 2021		1,231,601		$	36.77		173,563		$	7.51
Granted		—			—		—			—
Exercised		(151,902	)		16.61		(70,122	)		6.90
Forfeited		(9,838	)		44.53		—			—

Outstanding at August 1, 2021		1,069,861		$	39.57		103,441		$	7.91

Exercisable at August 1, 2021		1,005,392		$	38.76		103,441		$	7.91

The total intrinsic value of options exercised during the

twenty-six

weeks ended August 1, 2021 was $6,718. The unrecognized expense related to our stock option plan totaled approximately $214 as of August 1, 2021 and will be expensed over a weighted average period of 0.7 years.

Transactions related to restricted stock units during the

twenty-six

weeks ended August 1, 2021, were as follows:


	Shares			Wtd. Avg. Fair Value
	Shares			Wtd. Avg. Fair Value

Outstanding at January 31, 2021		1,116,341		$	17.32
Granted		226,153			50.60
Performance adjusted units		362,491			15.30
Vested		(565,616	)		15.11
Forfeited		(49,615	)		37.64

Outstanding at August 1, 2021		1,089,754		$	23.78

Fair value of our time-based and performance-based restricted stock units is based on our closing stock price on the date of grant.

The grant date

fair value of market stock units was determined using a Monte-Carlo simulation model. The unrecognized expense related to restricted stock units was $12,523 as of August 1, 2021 and will be expensed over a weighted average period of 2.1 years.

During the

twenty-six

weeks ended August 1, 2021 and August 2, 2020, excess tax expense (benefit) of $(5,665) and $477, respectively, were recognized 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	6 Months Ended
Income Taxes	Aug. 01, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 7: Income Taxes On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law. Intended to provide economic relief to those impacted by the COVID-19 pandemic, the CARES Act includes provisions, among others, allowing for the carryback of net operating losses generated in fiscal 2018, 2019 and 2020 and technical amendments regarding the expensing of qualified improvement property. The application of the technical amendments made by the CARES Act to qualified improvement property resulted in additional tax net operating losses which were carried back from fiscal 2020 and fiscal 2019 to years with a higher federal corporate income tax rate. During the second quarter of fiscal 2021, the Company filed the fiscal 2020 carryback claims for federal tax refunds of approximately $57,400 . While we expect to receive a portion of the refunds in fiscal 2021, due to government delays in processing these claims, we do not expect to receive the majority until fiscal 2022. 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 provision (benefit) for the twenty-six weeks ended August 2, 2020. The effective tax rate for the twenty-six weeks ended August 1, 2021, wa s 17.4 %, compared to a benefit o f 34.9 % for the twenty-six weeks ended August 2, 2020. The current year tax provision includes higher excess tax benefits associated with share-based compensation while the prior year tax provision was a tax benefit primarily due to the impact of the pre-tax loss and the impact of the tax provisions within the CARES Act.

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Subsequent Events	6 Months Ended
Subsequent Events	Aug. 01, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 8: Subsequent Event Subsequent to the end of our second quarter, the Company notified the trustee of the Notes that it intends to redeem $55,000 outstanding principal amount of the Notes. The redemption is expected to take place prior to the end of the Company’s third quarter, which ends on October 31, 2021. In connection with the early redemption of the Notes, the Company will pay a prepayment premium of $1,650, plus accrued and unpaid interest to the date of redemption, pursuant to the terms of the indenture governing the Notes. Additionally, the early redemption of the Notes will result in an additional loss on extinguishment of approximately $1,200 related to a proportionate amount of unamortized issuance costs.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Aug. 01, 2021

Accounting Policies [Abstract]

Description of the business

As of August

1, 2021, we owned and operated 142 stores located in 40 states, Puerto Rico and one Canadian province.

The Company operates on a 52 or

53-week

10-K

as filed with the SEC.

COVID-19 Considerations

COVID-19

Considerations

— On March 11, 2020, the World Health Organization declared the

COVID-19

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 our 137

operating stores were temporarily closed. On April 30, 2020, our first store

re-opened

to the public, as state and local guidelines began to allow dining rooms and arcades to open at limited capacity and/or limited hours of operation. By the end of fiscal 2020, we had

re-opened

an additiona

l 101

stores with limited operations. The Company also opened five new stores in the second half of the fiscal year, all of which commenced construction prior to the outbreak of the

COVID-19

pandemic. As of January 31, 2021

, 107 of our 140 stores were open and operating in limited capacity.

During the first quarter of fiscal 2021, the Company

re-opened

31 additional stores and one new store opened on February 8, 2021. During the second quarter of fiscal 2021, the Company

re-opened

three stores, including one that temporarily closed during the first quarter, and the Company opened one new store on June 1

, 2021, resulting in all our 142 stores open and operating in some capacity as of the end of our second quarter.

As stores were

re-opened

COVID-19

The measures taken by the Company as well as the

re-opening

COVID-19,

particularly as a result of a new Delta variant of

COVID-19,

will change, including possible capacity restrictions or

re-closures

of our currently open stores and customer engagement with our brand.

twenty-six

weeks ended August 1, 2021 are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending January 30, 2022.

Cash and cash equivalents

Fair value of financial instruments

— Fair value is defined as the price that would be received to

sell

$62,114

at January 31, 2021, and the fair value of our senior secured notes was

$588,232 and $576,033

The Company also measures certain

non-financial

assets (primarily property and equipment,

right-of-use

(“ROU”) assets, goodwill, tradenames and other assets) at fair value on a

non-recurring

basis in connection with its periodic evaluations of such assets for potential impairment.

During the thirteen and

twenty-six

weeks ended August 2, 2020, the Company recorded an impairment charge for its long-lived assets, including ROU assets, of $0 and $6,746, respectively, primarily driven by the expected impact of the

COVID-19

pandemic on future cash flows of specific stores. During the

twenty-six

weeks ended August 1, 2021 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.

During the thirteen and twenty-six weeks ended August 2, 2020, the Company recorded an impairment loss and related contract termination costs
of

$2,178 and $6,981

Interest rate swap

Interest rate

swaps

one-month

(de-designation

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

classifying 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 was $3,774 and $2,201 for the

twenty-six

weeks ended August 1, 2021 and August 2, 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

twenty-six

Prior to the

de-designation,

Credit risk related to

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


			Fair Value
	Balance Sheet Location		August 1, 2021			January 31, 2021
Interest rate swaps		Accrued liabilities	$	(8,300	)	$	(8,350	)
Interest rate swaps		Other liabilities		(373	)		(4,416	)

Total derivatives			$	(8,673	)	$	(12,766	)

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


	Thirteen weeks ended						Twenty-six weeks ended
	August 1, 2021			August 2, 2020			August 1, 2021			August 2, 2020
Loss recorded in accumulated other comprehensive income	$	—		$	—		$	—		$	7,602
Loss reclassified into income (1)	$	(1,887	)	$	(1,887	)	$	(3,774	)	$	(2,680	)
Income tax expense (benefit) in accumulated other
comprehensive income	$	515		$	515		$	1,031		$	(1,345	)

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

Revenue recognition

—

$12,900 and $24,800,

respectively, related to the amount in deferred amusement revenue as of the end of fiscal 2020.

$900 and $1,800,

respectively, related to the amount in deferred gift card revenue as of the end of fiscal 2020, of which approximately

$120 and $240

, respectively, was breakage revenue.

Stockholders' equity

Stockholders’ equity

twenty-six

weeks ended August 1, 2021 and August 2, 2020, we withheld

177,871 and 43,788 shares of common stock to satisfy $7,716 and $687 of employees’ tax obligations, respectively. The share activity in the

twenty-six

weeks ended August 2, 2020 includes the settlements of $2,351 cash obligations through the issuance of 150,455 shares of common stock.

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

364-day

one-ten

Earnings per share

twenty-six


	Thirteen weeks ended				Twenty-Six weeks ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Basic weighted average shares outstanding		48,178,611		47,111,763		47,937,158		39,470,874
Weighted average dilutive impact of awards (1)		1,051,206		—		1,335,535		—
Diluted weighted average shares outstanding		49,229,817		47,111,763		49,272,693		39,470,874

(1)	Amounts exclude all potential common and common equivalent shares for periods when there is a net loss.

Recent accounting pronouncements

Recently adopted accounting guidance

— In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)

2019-12,

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

Recent accounting pronouncements

— 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

of our hedging relationships in fiscal 2020.

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Aug. 01, 2021

Accounting Policies [Abstract]

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

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


			Fair Value
	Balance Sheet Location		August 1, 2021			January 31, 2021
Interest rate swaps		Accrued liabilities	$	(8,300	)	$	(8,350	)
Interest rate swaps		Other liabilities		(373	)		(4,416	)

Total derivatives			$	(8,673	)	$	(12,766	)

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 derivative instruments:


	Thirteen weeks ended						Twenty-six weeks ended
	August 1, 2021			August 2, 2020			August 1, 2021			August 2, 2020
Loss recorded in accumulated other comprehensive income	$	—		$	—		$	—		$	7,602
Loss reclassified into income (1)	$	(1,887	)	$	(1,887	)	$	(3,774	)	$	(2,680	)
Income tax expense (benefit) in accumulated other
comprehensive income	$	515		$	515		$	1,031		$	(1,345	)

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

Summary of Calculation of Basic and Diluted Earnings Per Share

Basic weighted average shares outstanding are reconciled to diluted weighted average shares outstanding as follows


	Thirteen weeks ended				Twenty-Six weeks ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Basic weighted average shares outstanding		48,178,611		47,111,763		47,937,158		39,470,874
Weighted average dilutive impact of awards (1)		1,051,206		—		1,335,535		—
Diluted weighted average shares outstanding		49,229,817		47,111,763		49,272,693		39,470,874

(1)	Amounts exclude all potential common and common equivalent shares for periods when there is a net loss.

Accrued Liabilities (Tables)

6 Months Ended

Aug. 01, 2021

Text Block [Abstract]

Accrued Liabilities

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


	August 1, 2021		January 31, 2021
Deferred amusement revenue	$	95,380	$	78,852
Current portion of operating lease liabilities, net (1)		49,699		46,471
Compensation and benefits		33,325		13,846
Current portion of deferred occupancy costs		23,223		36,121
Accrued interest		10,748		11,321
Deferred gift card revenue		10,317		10,918
Property taxes		10,154		8,149
Current portion of derivatives		8,300		8,350
Sales and use taxes		6,148		1,385
Utilities		5,638		4,151
Current portion of long-term insurance		5,000		5,100
Customer deposits		2,695		1,373
Other		11,435		8,753

Total accrued liabilities	$	272,062	$	234,790

(1)	The balance of leasehold incentive receivables of $4,668 and $8,763 as of August 1, 2021 and January 31, 2021, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Debt (Tables)

6 Months Ended

Aug. 01, 2021

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consists of the following:


	August 1, 2021			January 31, 2021
Senior secured notes	$	550,000		$	550,000
Credit facility — revolver		—			60,000

Total debt outstanding		550,000			610,000
Less debt issuance costs		(12,184	)		(13,612	)

Long-term debt, net	$	537,816		$	596,388

Recorded Interest Expense, Net

Interest expense, net

— The following table sets forth our recorded interest expense, net:


	Thirteen Weeks Ended					Twenty- S ix Weeks Ended
	August 1, 2021			August 2, 2020		August 1, 2021			August 2, 2020
Interest expense on debt	$	11,038		$	5,865	$	23,139		$	11,163
Interest associated with swap agreements		1,887			1,887		3,774			2,680
Amortization of issuance cost		1,103			411		2,205			654
Interest income		—			—		—			(22	)
Capitalized interest		(300	)		—		(570	)		(197	)

Total interest expense, net	$	13,728		$	8,163	$	28,548		$	14,278

Leases (Tables)

6 Months Ended

Aug. 01, 2021

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				Twenty-Six Weeks Ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Operating lease cost	$	33,297		33,321	$	66,591		66,884
Variable lease cost		7,241		5,688		14,630		13,054
Short-term lease cost		187		140		310		227

Total	$	40,725	$	39,149	$	81,531	$	80,165

Share-Based Compensation (Tables)

6 Months Ended

Aug. 01, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Stock options	$	84		290	$	358		830
Restricted stock units		3,103		2,444		5,800		1,515

Share-based compensation expense	$	3,187	$	2,734	$	6,158	$	2,345

Transactions related to stock option awards during the

twenty-six

weeks ended August 1, 2021 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
	Number of Options			Wtd. Avg. Exercise Price		Number of Options			Wtd. Avg. Exercise Price

Outstanding at January 31, 2021		1,231,601		$	36.77		173,563		$	7.51
Granted		—			—		—			—
Exercised		(151,902	)		16.61		(70,122	)		6.90
Forfeited		(9,838	)		44.53		—			—

Outstanding at August 1, 2021		1,069,861		$	39.57		103,441		$	7.91

Exercisable at August 1, 2021		1,005,392		$	38.76		103,441		$	7.91

Transactions related to restricted stock units during the

twenty-six

weeks ended August 1, 2021, were as follows:


	Shares			Wtd. Avg. Fair Value
	Shares			Wtd. Avg. Fair Value

Outstanding at January 31, 2021		1,116,341		$	17.32
Granted		226,153			50.60
Performance adjusted units		362,491			15.30
Vested		(565,616	)		15.11
Forfeited		(49,615	)		37.64

Outstanding at August 1, 2021		1,089,754		$	23.78

Summary of Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Oct. 27, 2020 USD ($)	Apr. 14, 2020 USD ($) $ / shares shares	Mar. 18, 2020	May 31, 2020 USD ($) $ / shares shares	Aug. 01, 2021 USD ($) Stores States Segment shares	May 02, 2021 States	Aug. 02, 2020 USD ($) shares	Aug. 01, 2021 USD ($) Stores States Segment shares	Aug. 02, 2020 USD ($) shares	Jan. 31, 2021 USD ($) Stores	Jun. 14, 2021 Stores	Mar. 30, 2020 $ / shares	Mar. 20, 2020 Stores
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores					142			142		140			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										$ 8,168
Impairment Loss and Contract Termination Costs							$ 2,178		$ 6,981
Impairment of long-lived assets									13,727
Payments Related to Tax Withholding for Share-based Compensation					$ 7,716		$ 687	$ 7,716	$ 687
National amount of the swap agreement					$ 350,000			$ 350,000
Derivative, Average Fixed Interest Rate					2.47%			2.47%
Fair value of long term debt										62,114
Notes payable, fair value					$ 588,232			$ 588,232		576,033
Shares Paid for Tax Withholding for Share Based Compensation \| shares					177,871		43,788
Debt Instrument, Interest Rate, Stated Percentage					10.17%		3.98%	10.17%	3.98%
Debt Instrument, Maturity Date, Description	senior secured notes due 2025
Proceeds from Issuance of Common Stock									$ 182,207
Weighted average anti-dilutive options excluded from calculation of common equivalent shares \| shares					164,811		2,419,468	134,177	1,456,430
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
Dividends Payable, Date of Record			Mar. 30, 2020
Preferred Stock, Par Value Per Share \| $ / shares												$ 0.01
Exercise price of rights \| $ / shares												$ 45.00
Common Stock [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Stock Issued During Period \| shares		6,149,936		10,593,416	584,567		10,843,861	787,640	17,035,360
Sale of Stock, Price Per Share \| $ / shares		$ 12.20		$ 10.44
Proceeds from Issuance of Common Stock		$ 75,000		$ 110,600						$ 182,207
COVID19 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores						1				101	1
Number of additional stores reopened					3	31
Impairment of long-lived assets							$ 0	$ 0	$ 6,746
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							2,201
Loss on Derivative					$ 3,774			$ 88	1,796
Settlement Of Cash Obligation [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Cash obligation							$ 2,351
Stock issued during period, shares, issued for services \| shares							150,455
Secured Debt [Member] \| Senior Notes [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Debt Instrument, Face Amount	$ 550,000
Debt Instrument, Interest Rate, Stated Percentage	7.625%
Stores Open [Member] \| COVID19 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores										107
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
Gainesville [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores					1			1
Fairfield California [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores					1			1
Amusement Revenue [Member] \| Other Comprehensive Income (Loss) [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue					$ 12,900			$ 24,800
Gift Card Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue					$ 900			$ 1,800
Gift card breakage revenue							$ 120		$ 240

Summary of Significant Accounting Policies - Derivative Instruments Outstanding (Details) - USD ($) $ in Thousands	Aug. 01, 2021	Jan. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Current portion of derivatives	$ (8,300)	$ (8,350)
Non-current portion of derivatiives	(373)	(4,416)
Total derivatives	$ (8,673)	$ (12,766)

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Loss (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2021	Aug. 02, 2020	Aug. 01, 2021	Aug. 02, 2020
Loss recognized in accumulated other comprehensive loss	$ 0	$ 0		$ 7,602
Income tax benefit of interest rate swaps in accumulated other comprehensive loss	515	515	$ 1,031	(1,345)
Interest Expense [Member]
Loss reclassified from accumulated other comprehensive loss into net earnings	$ (1,887)	$ (1,887)	$ (3,774)	$ (2,680)

Summary of Significant Accounting Policies - Summary of Calculation of Basic and Diluted Earnings Per Share (Detail) - shares	3 Months Ended		6 Months Ended
	Aug. 01, 2021	Aug. 02, 2020	Aug. 01, 2021	Aug. 02, 2020
Earnings Per Share [Abstract]
Basic weighted average shares outstanding	48,178,611	47,111,763	47,937,158	39,470,874
Weighted average dilutive impact of awards (1)	1,051,206	0	1,335,535	0
Diluted weighted average shares outstanding	49,229,817	47,111,763	49,272,693	39,470,874

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Thousands	Aug. 01, 2021	Jan. 31, 2021
Accrued Liabilities, Current [Abstract]
Deferred amusement revenue	$ 95,380	$ 78,852
Current portion of operating lease liabilities, net	49,699	46,471
Compensation and benefits	33,325	13,846
Current portion of deferred occupancy costs	23,223	36,121
Accrued interest	10,748	11,321
Deferred gift card revenue	10,317	10,918
Property taxes	10,154	8,149
Current portion of derivatives	8,300	8,350
Sales and use taxes	6,148	1,385
Utilities	5,638	4,151
Current portion of long-term insurance	5,000	5,100
Customer deposits	2,695	1,373
Other	11,435	8,753
Total accrued liabilities	$ 272,062	$ 234,790

Accrued Liabilities - Accrued Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	Aug. 01, 2021	Jan. 31, 2021
Accrued Liabilities, Current [Abstract]
Receivables for tenant improvement allowances	$ 4,668	$ 8,763

Debt - Additional Information (Detail) - USD ($) $ in Thousands		6 Months Ended
	Oct. 27, 2020	Aug. 01, 2021	Aug. 02, 2020
Debt Instrument [Line Items]
Weighted average interest rate on outstanding borrowings		10.17%	3.98%
Repayments of Long-term Debt		$ 255,000
Secured Debt [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Senior secured credit facility	$ 550,000
Maturity date	Nov. 01, 2025
Frequency of periodic payment	November 1 and May 1 of each year
Weighted average interest rate on outstanding borrowings	7.625%
Secured Debt [Member] \| Senior Notes [Member] \| Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemed		10.00%
Debt instrument, redemption price, percentage		103.00%
Credit Facility [Member]
Debt Instrument [Line Items]
Letter of credit facility outstanding		$ 10,486
Borrowing available		489,514
Credit Facility [Member] \| First Amendment [Member]
Debt Instrument [Line Items]
Debt issuance costs		$ 1,900
Debt instrument interest rate		2.00%
Interest Rate LIBOR Floor		1.00%
Credit Facility [Member] \| Second Amendment [Member]
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity		$ 500,000
Debt instrument interest rate		4.00%
Write off of Deferred Debt Issuance Cost		$ 904
Repayments of Long-term Debt		463,000
Debt instrument minimum liquidity covenant		$ 150,000
Utilization fee percent		1.00%
Credit Facility [Member] \| Second Amendment [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Debt issuance costs		$ 18,300
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	Aug. 01, 2021	Jan. 31, 2021
Debt Instrument [Line Items]
Total debt outstanding	$ 550,000	$ 610,000
less: debt issuance costs	(12,184)	(13,612)
Long-term debt, net	537,816	596,388
Senior Secured Debt [Member]
Debt Instrument [Line Items]
Total debt outstanding	550,000	550,000
Credit Facility—revolver [Member]
Debt Instrument [Line Items]
Total debt outstanding	$ 0	$ 60,000

- 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

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Debt - Recorded Interest Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2021	Aug. 02, 2020	Aug. 01, 2021	Aug. 02, 2020
Debt Disclosure [Abstract]
Interest expense on debt	$ 11,038	$ 5,865	$ 23,139	$ 11,163
Interest associated with swap agreements	1,887	1,887	3,774	2,680
Amortization of issuance cost and discount	1,103	411	2,205	654
Interest income	0	0	0	(22)
Capitalized interest	(300)	0	(570)	(197)
Total interest expense, net	$ 13,728	$ 8,163	$ 28,548	$ 14,278

Leases - Additional Information (Detail) - USD ($) $ in Thousands	Aug. 01, 2021	Jan. 31, 2021
Other Liabilities [Member]
Leases [Line Items]
Deferred occupancy costs	$ 17,286	$ 16,243

Leases - Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Lease Expense (Detail) - USD ($) $ in Thousands	Aug. 01, 2021	Aug. 02, 2020	Aug. 01, 2021	Aug. 02, 2020
Leases
Operating lease cost	$ 33,297	$ 33,321	$ 66,591	$ 66,884
Variable lease cost	7,241	5,688	14,630	13,054
Short-term lease cost	187	140	310	227
Total	$ 40,725	$ 39,149	$ 81,531	$ 80,165

Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, weighted average years	2 years 1 month 6 days
Unrecognized expense related to unvested restricted stock and RSUs	$ 12,523
Excess income tax benefit related to stock-based compensation plans	(5,665)	$ 477
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	6,718
Unrecognized expense related to stock option plan	$ 214
Unrecognized compensation expense, weighted average years	8 months 12 days

Share-Based Compensation - Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2021	Aug. 02, 2020	Aug. 01, 2021	Aug. 02, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock options	$ 84	$ 290	$ 358	$ 830
Restricted stock units	3,103	2,444	5,800	1,515
Share-based compensation expense	$ 3,187	$ 2,734	$ 6,158	$ 2,345

Share-Based Compensation - Transactions Related to Stock Option Awards (Detail)	6 Months Ended
	Aug. 01, 2021 $ / shares shares
2014 Stock Incentive Plan [Member]
Number of Options
Options outstanding at January 31, 2021 \| shares	1,231,601
Exercised \| shares	(151,902)
Forfeited \| shares	(9,838)
Options outstanding at August 1, 2021 \| shares	1,069,861
Options exercisable at August 1, 2021 \| shares	1,005,392
Weighted Average Exercise Price
Options outstanding at January 31, 2021 \| $ / shares	$ 36.77
Exercised \| $ / shares	16.61
Forfeited \| $ / shares	44.53
Options outstanding at August 1, 2021 \| $ / shares	39.57
Options exercisable at August 1, 2021 \| $ / shares	$ 38.76
2010 Stock Incentive Plan [Member]
Number of Options
Options outstanding at January 31, 2021 \| shares	173,563
Exercised \| shares	(70,122)
Options outstanding at August 1, 2021 \| shares	103,441
Options exercisable at August 1, 2021 \| shares	103,441
Weighted Average Exercise Price
Options outstanding at January 31, 2021 \| $ / shares	$ 7.51
Exercised \| $ / shares	6.90
Options outstanding at August 1, 2021 \| $ / shares	7.91
Options exercisable at August 1, 2021 \| $ / shares	$ 7.91

Share-Based Compensation - Transactions Related to Restricted Stock Units (Detail) - Restricted Stock Unit Awards [Member]	6 Months Ended
	Aug. 01, 2021 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, January 31, 2021 \| shares	1,116,341
Restricted Stock Awards, Granted \| shares	226,153
Restricted Stock Awards, Performance adjusted units \| shares	362,491
Restricted Stock Awards, Vested \| shares	(565,616)
Restricted Stock Awards, Forfeited \| shares	(49,615)
Restricted Stock Awards, August 1, 2021 \| shares	1,089,754
Weighted Average Grant Date Fair Value, January 31, 2021 \| $ / shares	$ 17.32
Weighted Average Grant Date Fair Value, Granted \| $ / shares	50.60
Weighted Average Fair Value Grant Date, Performance adjusted units \| $ / shares	15.30
Weighted Average Fair Value, Vested \| $ / shares	15.11
Weighted Average Fair Value, Forfeited \| $ / shares	37.64
Weighted Average Fair Value, August 1, 2021 \| $ / shares	$ 23.78

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Income Taxes [Line Items]
Corporate tax rate	17.40%	34.90%
Income tax refunds	$ 57,400

Subsequent Events - Additional Information (Detail) - Secured Debt [Member] - Subsequent Event [Member] - Senior Notes [Member] $ in Thousands	Sep. 30, 2021 USD ($)
Subsequent Event [Line Items]
Debt Instrument, redeemed principal amount	$ 55,000
Payment of prepayment debt	1,650
Loss on extinguishment of debt	$ (1,200)