0001193125-22-087521 | 10-K | XBRL Viewer | Dave Busters Entertainment INC

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Current assets:
Cash and cash equivalents	$ 25,910	$ 11,891
Inventories	40,319	23,807
Prepaid expenses	11,316	11,878
Income taxes receivable	64,921	70,064
Other current assets	3,105	1,231
Total current assets	145,571	118,871
Property and equipment (net of $908,536 and $798,804 accumulated depreciation as of January 30, 2022 and January 31, 2021, respectively)	778,597	815,027
Operating lease right of use assets, net	1,037,197	1,037,569
Deferred tax assets	9,961	5,874
Tradenames	79,000	79,000
Goodwill	272,597	272,597
Other assets and deferred charges	22,867	23,886
Total assets	2,345,790	2,352,824
Current liabilities:
Accounts payable	62,493	36,400
Accrued liabilities	248,493	234,790
Income taxes payable	529	446
Total current liabilities	311,515	271,636
Deferred income taxes	12,012	13,658
Operating lease liabilities	1,277,539	1,267,791
Other liabilities	37,869	50,119
Long-term debt, net	431,395	596,388
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 61,563,613 shares at January 30, 2022 and 60,488,833 shares at January 31, 2021; outstanding: 48,489,935 shares at January 30, 2022 and 47,646,606 shares at January 31, 2021	616	605
Preferred stock, 50,000,000 authorized; none issued
Paid-in capital	548,776	531,191
Treasury stock, 13,073,678 and 12,842,227 shares as of January 30, 2022 and January 31, 2021, respectively	(605,435)	(595,970)
Accumulated other comprehensive loss	(3,628)	(9,085)
Retained earnings	335,131	226,491
Total stockholders' equity	275,460	153,232
Total liabilities and stockholders' equity	$ 2,345,790	$ 2,352,824

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 908,536	$ 798,804
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	61,563,613	60,488,833
Common stock, shares outstanding	48,489,935	47,646,606
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	13,073,678	12,842,227

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020
Total revenues	$ 1,304,056	$ 436,512	$ 1,354,691
Total cost of products	204,971	74,905	233,311
Operating payroll and benefits	287,263	117,475	322,970
Other store operating expenses	402,661	299,464	429,431
General and administrative expenses	75,501	47,215	69,469
Depreciation and amortization expense	138,329	138,789	132,460
Pre-opening costs	8,150	11,276	18,971
Total operating costs	1,116,875	689,124	1,206,612
Operating income (loss)	187,181	(252,612)	148,079
Interest expense, net	53,910	36,890	20,937
Loss on debt extinguishment / refinance	5,617	904
Income (loss) before provision (benefit) for income taxes	127,654	(290,406)	127,142
Provision (benefit) for income taxes	19,014	(83,432)	26,879
Net income (loss)	108,640	(206,974)	100,263
Unrealized foreign currency translation gain (loss)	(28)	119	(65)
Unrealized gain (loss) on derivatives, net of tax	5,485	(835)	(7,621)
Total other comprehensive gain (loss)	5,457	(716)	(7,686)
Total comprehensive income (loss)	$ 114,097	$ (207,690)	$ 92,577
Net income (loss) per share:
Basic	$ 2.26	$ (4.75)	$ 3.00
Diluted	$ 2.21	$ (4.75)	$ 2.94
Weighted average shares used in per share calculations:
Basic	48,142,090	43,549,887	33,450,217
Diluted	49,263,720	43,549,887	34,099,378
Amusement and Other Revenues [Member]
Total revenues	$ 867,419	$ 277,011	$ 791,115
Cost of amusement and other	85,848	29,698	85,115
Food and Beverage [Member]
Total revenues	436,637	159,501	563,576
Cost of food and beverage	$ 119,123	$ 45,207	$ 148,196

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Paid-In Capital [Member]	Treasury Stock at Cost [Member]	Accumulated Other Comprehensive Income (loss) [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]
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)	100,263						100,263
Unrealized foreign currency translation loss	(65)					(65)
Unrealized loss on derivatives, net of tax	(7,621)					(7,621)
Dividends declared	(20,615)						(20,615)
Share-based compensation	6,857			6,857
Issuance of common stock	1,051		$ 2	1,049
Issuance of common stock, shares			209,376
Repurchase of common stock	(297,912)				$ (297,912)
Repurchase of common stock, shares					7,128,121
Ending balance at Feb. 02, 2020	169,650		$ 434	339,161	$ (595,041)	(8,369)	433,465
Ending balance, shares at Feb. 02, 2020			43,386,852		12,783,512
Net income (loss)	(206,974)						(206,974)
Unrealized foreign currency translation loss	119					119
Unrealized loss on derivatives, net of tax	(835)					(835)
Share-based compensation	6,985			6,985
Issuance of common stock	185,216		$ 171	185,045
Issuance of common stock, shares			17,101,981
Repurchase of common stock	(929)				$ (929)
Repurchase of common stock, shares					58,715
Ending balance at Jan. 31, 2021	153,232		$ 605	531,191	$ (595,970)	(9,085)	226,491
Ending balance, shares at Jan. 31, 2021			60,488,833		12,842,227
Net income (loss)	108,640						108,640
Unrealized foreign currency translation loss	(28)					(28)
Unrealized loss on derivatives, net of tax	5,485					5,485
Share-based compensation	12,472			12,472
Issuance of common stock	5,124		$ 11	5,113
Issuance of common stock, shares			1,074,780
Repurchase of common stock	(9,465)				$ (9,465)
Repurchase of common stock, shares					231,451
Ending balance at Jan. 30, 2022	$ 275,460		$ 616	$ 548,776	$ (605,435)	$ (3,628)	$ 335,131
Ending balance, shares at Jan. 30, 2022			61,563,613		13,073,678

Consolidated Statements of Stockholders' Equity (Parenthetical)	12 Months Ended
	Feb. 03, 2019 $ / shares
Statement of Stockholders' Equity [Abstract]
Dividends declared per share	$ 0.62

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020
Cash flows from operating activities:
Net income (loss)	$ 108,640	$ (206,974)	$ 100,263
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	138,329	138,789	132,460
Non-cash interest expense	7,547	5,974
Impairment of long-lived assets	912	12,248	0
Deferred taxes	(7,795)	(3,365)	6,473
Loss on debt extinguishment or refinancing	5,617	904
Loss on disposal of fixed assets	1,392	577	1,813
Share-based compensation	12,472	6,985	6,857
Other, net	4,201	2,033	1,070
Changes in assets and liabilities:
Inventories	(16,512)	10,670	(7,162)
Prepaid expenses	562	2,993	(2,162)
Income tax receivable	5,143	(67,733)	(451)
Other current assets	(1,874)	2,014	5,320
Other assets and deferred charges	(63)	484	(1,017)
Accounts payable	14,286	(9,576)	2,026
Accrued liabilities	20,223	56,757	47,896
Income taxes payable	83	(2,608)	(8,745)
Other liabilities	(10,035)	604	4,305
Net cash provided by (used in) operating activities	283,128	(49,224)	288,946
Cash flows from investing activities:
Capital expenditures	(92,197)	(83,016)	(228,091)
Proceeds from insurance		595
Proceeds from sales of property and equipment	729	461	800
Net cash used in investing activities	(91,468)	(81,960)	(227,291)
Cash flows from financing activities:
Proceeds from debt	83,000	732,000	406,000
Payments of debt	(253,000)	(770,250)	(152,000)
Debt issuance costs and prepayment premiums	(3,300)	(20,209)
Net proceeds from the issuance of common stock		182,207
Repurchase of common stock under share repurchase program			(297,317)
Repurchases of common stock to satisfy employee withholding tax obligations	(9,465)	(929)	(595)
Dividends paid		(4,891)	(15,724)
Proceeds from the exercise of stock options	5,124	492	1,051
Net cash provided by (used in) financing activities	(177,641)	118,420	(58,585)
Increase (decrease) in cash and cash equivalents	14,019	(12,764)	3,070
Beginning cash and cash equivalents	11,891	24,655	21,585
Ending cash and cash equivalents	25,910	11,891	24,655
Supplemental disclosures of cash flow information:
Increase (decrease) for capital expenditures in accounts payable	11,807	(19,383)	2,906
Cash paid (received) for income taxes, net	21,549	(9,352)	27,245
Cash paid for interest, net	$ 44,545	$ 17,916	20,115
Dividends declared, not paid			$ 4,891

Description of the Business and Summary of Significant Accounting Policies

12 Months Ended

Jan. 30, 2022

Accounting Policies [Abstract]

Description of the Business and Summary of Significant Accounting Policies

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

Description of the business

— Dave & Buster’s Entertainment, Inc. (“D&B Entertainment”) is a Delaware corporation formed in June 2010. References to the “Company”, “we”, “us”, and “our” refers to D&B Entertainment, any predecessor companies, and its wholly-owned subsidiaries, Dave & Buster’s Holdings, Inc. (“D&B Holdings”), a holding company which owns 100% of the outstanding common stock of Dave & Buster’s, Inc. (“D&B Inc”), the operating company. The Company, headquartered

in Coppell, 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 fiscal 2021, we opened five new stores, including one store in Cary, North Carolina that was closed and relocated during the fourth quarter. During fiscal 2020, we opened six new stores, and management made the decision to not

re-open

two stores located in the Chicago, Illinois area and Houston, Texas area, which were at or near the end of their respective lease terms. At January 30, 2022, we owned and operated 144 stores located in 40 states, Puerto Rico and one Canadian province.

The Company’s two stores located in the Canadian province of Ontario generated revenues of approximately $6,858, $2,896, and $18,649 in fiscal 2021, 2020 and 2019, respectively. At January 30, 2022, less than 2.0% of our long-lived assets were located outside of the United States.

COVID-19

Considerations

— In March 2020, a novel strain of coronavirus

(“COVID-19”)

outbreak was declared a global pandemic and a National Public Health Emergency. 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, and by the end of fiscal 2020,

107

of our

140

stores were open and operating in limited capacity. The Company

re-opened

the remaining

stores that had been temporarily closed by August 1, 2021, the end of the second quarter of fiscal 2021. During the fourth quarter of fiscal 2021, our two Canadian stores temporarily closed due to the resurgence, and shortly after the end of our fiscal year, the

two

stores

re-opened

with limited operations.

During fiscal 2020, the Company 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. A total of 126 initial rent relief agreements related to our operating locations and former corporate headquarters were executed during fiscal 2020, and a second phase of negotiations, generally seeking to delay or extend the terms of deferral pay back periods and/or provide rent relief beyond the periods in the initial agreements, was substantially completed by the end of the Company’s second quarter of fiscal 2021 and resulted in 99 additional rent relief agreements.

The Company obtained additional liquidity during fiscal 2020 through the sale of common stock, which resulted in net proceeds of $182,207 and completed the private sale of $550,000 in aggregate principal amount of 7.625% senior secured notes due 2025. In that same year, 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. During fiscal 2021, the Company redeemed $110,000 outstanding principal amount of the senior secured notes and elected to end the financial covenant suspension period as of the last day of the third quarter of fiscal 2021. At the end of fiscal 2021, the Company had $492,495 of liquidity available under its revolving credit facility. See Note 5, 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 new variants of

COVID-19,

will change, including additional vaccination or mask mandates, capacity restrictions or

re-closures

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

Principles of consolidation

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

Fiscal year

— The Company’s fiscal year consists of 52 or 53 weeks ending on the Sunday after the Saturday closest to January 31. Fiscal years 2021, 2020 and 2019, which ended on January 30, 2022, January 31, 2021, and February 2, 2020, respectively, each contained 52 weeks. Each quarterly period has 13 weeks, except in a

53-week

year when the fourth quarter has 14 weeks.

Use of estimates

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

Cash and cash equivalents

— We consider transaction settlements in process from credit card companies and all highly-liquid investments with original maturities of three months or less to be cash equivalents. Our cash management system provides for the daily funding of all major bank disbursement accounts as checks are presented for payment. Under this system, outstanding checks in excess of the cash balances at certain banks creates book overdrafts. Book overdrafts of $16,673 and $8,168

are presented in “Accounts payable” in the Consolidated Balance Sheets as of January 30, 2022, and January 31, 2021, respectively. Changes in the book overdraft position are presented within “Net cash provided by operating activities” within the Consolidated Statements of Cash Flows. At the end of fiscal 2021 and fiscal 2020, the Company had no restricted cash.

Cash and cash equivalents are maintained with multiple financial institutions. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company maintains cash and cash equivalent balances that exceed federally insured limits with a number of financial institutions.

Inventories

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

(first-in,

first-out

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

Cloud-Based Computing Arrangements

— The Company defers application development stage costs for cloud-based computing arrangements and amortizes those costs over the related service (subscription) agreement. The unamortized cost is included in “Prepaid expenses” in the Consolidated Balance Sheets.

Property and equipment

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


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

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

We assess the potential impairment of our long-lived assets related to each store to be held and used in business, including property and equipment and

right-of-use

(“ROU”) assets, on an annual basis or whenever events or changes in circumstances indicate that the carrying values of these assets may not be recoverable. In determining the recoverability of the asset value, an analysis is performed at the individual store level, since this is the lowest level of identifiable cash flows and primarily includes an assessment of historical cash flows and other relevant factors and circumstances, including the maturity of the store, changes in the economic environment, unfavorable changes in legal factors or business climate and future operating plans. The more significant inputs used in determining our estimate of the projected undiscounted cash flows included future revenue growth and projected margins as well as the estimate of the remaining useful life of the assets. If the carrying amount is not recoverable, we record an impairment charge equal to the excess of the carrying amount over the fair value, which is estimated based on discounted projected future operating cash flows of the store over the remaining service life using a risk adjusted discount rate that is commensurate with the inherent risk.

During fiscal 2021, the Company recorded an impairment charge for its ROU assets of $912 related to the abandonment of its corporate office and adjacent warehouse lease prior to the end of the respective lease agreement. During 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. The Company also recorded an impairment loss and related contract termination costs of $6,981 related to potential new store projects that were in the early stage of development at that same time, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss). Given the ongoing impacts of

COVID-19

to our business, the projected undiscounted cash flows are subject to greater uncertainty than historically. If in the future we reduce our estimate of cash flow projections, we could be required to record additional impairment charges. No impairment charges were recognized in fiscal 2019.

Goodwill and tradenames

— The carrying amount of goodwill is impacted by foreign currency translation adjustments. The foreign currency translation adjustment decreased goodwill by $39 during fiscal 2020. Goodwill and tradenames which have an indefinite useful life, are not subject to amortization, and are evaluated for impairment annually or more frequently if an event occurs or circumstances change that would indicate that impairment may exist. Goodwill and tradenames are evaluated at the level of the Company’s single operating segment, which also represents the Company’s only reporting unit.

When evaluating goodwill and tradenames for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that its reporting unit or tradenames are impaired. For fiscal year 2021, 2020 and 2019, there was no impairment to our goodwill or tradenames.

Other assets and deferred charges, net

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

The balance of transferable liquor licenses was $5,162 and $5,213 at the end of fiscal 2021 and fiscal 2020, respectively. The costs of purchasing transferable liquor licenses through open markets in jurisdictions with a limited number of authorized liquor licenses are capitalized as indefinite-lived intangible assets and are tested for

impairment annually by comparing the estimated fair value of each asset with their carrying amount. The unamortized balance of our intellectual license costs was $1,264 and $1,862 at the end of fiscal 2021 and fiscal 2020, respectively. Intellectual licenses are amortized over the respective term of the license agreements, with a weighted average term remaining of 2.3 years at the end of fiscal 2021. Amortization of intellectual licenses of $598, $575 and $507 in fiscal 2021, fiscal 2020 and fiscal 2019, respectively, is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss).

The Company capitalizes certain costs incurred in connection with borrowings or establishment of credit facilities, and these costs are amortized as interest expense over the life of the borrowing or life of the related debt facility. Debt issuance costs on the revolving portion of our credit facility were $3,971 and $5,525 at the end of fiscal 2021 and fiscal 2020, respectively. Debt issuance costs on the senior secured notes are reported as a direct reduction from the carrying amount of our debt.

Fair value of financial instruments

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

The carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable and other current liabilities approximate fair value because of their short-term nature. 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 as of January 31, 2021, and the fair value of our senior secured notes was $456,204 and $576,033 as of January 30, 2022, 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, traded price data as of the measurement date, which we classify as a Level Two input within the fair value hierarchy.

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. Prior to April 14, 2020, 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.

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 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, and the unamortized balance of

$4,088

as of the end of fiscal 2021 will be fully amortized 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. During fiscal 2021 and fiscal 2020, a gain of

$550 and a loss of $1,729, respectively, was recognized, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss).

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 for the fiscal years ended:


			Fair Value
	Balance Sheet Location		January 30, 2022		January 31, 2021
Derivatives designated as hedging instruments:
Interest rate swaps		Accrued liabilities	$	3,823	$	8,350
Interest rate swaps		Other liabilities		—		4,416

Total derivative liability			$	3,823	$	12,766

The following table presents the activity in accumulated other comprehensive loss resulting from our derivative instruments for the fiscal years ended:


	January 30, 2022			January 31, 2021			February 2, 2020
Loss recognized in accumulated other comprehensive income	$	—		$	(7,602	)	$	(11,454	)
Lo ss reclassified or amortized into interest expense	$	7,547		$	6,453		$	969
Income tax effect	$	(2,062	)	$	314		$	2,864

Revenue recognition

— Food and beverage revenues are recognized when payment is tendered at the point of sale as the performance obligation has been satisfied. Beginning in fiscal 2020, we began to offer our customers delivery services, which are fulfilled by third-party service providers. We recognize revenues at the gross amount, and delivery fees are included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss). Amusement revenues are primarily recognized upon utilization of game play credits on Power Cards purchased and used by customers to activate video and redemption games. Redemption games allow customers to earn tickets, which may be redeemed for prizes in our WIN! area. We have deferred a portion of amusement revenues for the estimated unfulfilled performance obligations based on an estimated rate of future use by customers of unused game play credits and the material right provided to customers to redeem tickets in the future for prizes. We estimate the amount of deferred revenue based upon credits and tickets remaining on Power Cards, historic game play credit and ticket utilization patterns and estimates of the standalone selling prices of game play credits and the customer material right. The standalone selling price of the customer material right is estimated using an equivalent chip cost plus margin approach. For purposes of recognizing revenue, the total amount collected from each customer is then allocated between the two performance obligations based on the relative standalone selling price of each obligation.

Total deferred amusement revenue is included in “Accrued liabilities” in our Consolidated Balance Sheets. During the fiscal year ended January 30, 2022, we recognized revenue of approximately $49,700 related to the amount in deferred amusement revenue as of the end of fiscal 2020. During the fiscal year ended January 31, 2021, we recognized revenue of approximately $20,100 related to the amount in deferred amusement revenue as of the end of

fiscal 2019.

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

non-usage

fees from outstanding gift card balances. The Company recognizes revenue from gift cards upon redemption by the customer. For unredeemed gift cards that the Company expects to be entitled to breakage and for which there is not a legal obligation to remit the unredeemed gift card balances to the relevant jurisdictions, the Company recognizes expected breakage as revenue in proportion to the pattern of redemption by the customers. The determination of the gift card breakage is based on the Company’s specific historical redemption patterns. Recognized gift card breakage revenue is included in “Amusements and other revenues” in the Consolidated Statements of Comprehensive Income (Loss). The contract liability related to our gift cards is included in “Accrued liabilities” in our Consolidated Balance Sheets. During the fiscal year ended January 30, 2022, we recognized revenue of approximately $3,900 related to the amount in deferred gift card revenue as of the end of fiscal 2020, of which approximately $1,390 was gift card breakage revenue. During the fiscal year ended January 31, 2021, we recognized revenue of approximately $2,330 related to the amount in deferred gift card revenue as of the end of fiscal 2019, of which approximately $570 was gift card breakage revenue.

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

During the fourth quarter of fiscal 2021, the Company launched an enhanced loyalty program, wherein eligible customers who enroll in the program generally earn rewards based on the level of chips played. Earned rewards generally expire one to two months after they are issued. We defer revenue associated with the estimated selling prices of rewards earned, net of rewards we do not expect to be redeemed.

Advertising costs

— Advertising production costs are expensed in the period when the advertising first takes place. Other advertising costs are expensed as incurred. Advertising costs expensed were $32,184, $21,107, and $44,834, in fiscal 2021, 2020 and 2019, respectively. Advertising costs are included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss).

Leases

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

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

5-year

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

Company accounts for the lease components and

non-lease

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

Tenant incentives used to fund leasehold improvements are recognized when earned and reduce our ROU asset related to the lease. Tenant incentives are amortized through the ROU asset as reductions of expense over the lease term. The balance of leasehold improvement incentive receivables is reflected as a reduction of the current portion of operating lease liabilities. We consider the concentration of credit risk for tenant improvement allowance receivables from landlords to be minimal due the payment histories and general financial condition of our landlords.

A total of 126 initial rent relief agreements related to our operating locations and former corporate headquarters were executed during fiscal 2020, and a second phase of negotiations, generally seeking to delay or extend the terms of deferral pay back periods and/or provide rent relief beyond the periods in the initial agreements, was substantially completed by the end of the Company’s second quarter of fiscal 2021 and resulted in 99 additional rent relief agreements. 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. A total of 208 of our 225 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 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. The current portion of deferred occupancy costs or short pays is included in “Accrued liabilities” and the balance, or

$8,434 and $16,243 as of January 30, 2022, and January 31, 2021, respectively, is included in “Other liabilities” in the Consolidated Balance Sheets.

Operating leases are included within the “Operating lease right of use assets”, “Accrued liabilities” and “Operating lease liabilities” in the Consolidated Balance Sheets. Operating lease payments are classified as cash flows from operating activities with ROU asset amortization and the change in the lease liability combined within “Other liabilities” in the reconciliation of net income to cash flows provided by operating activities in the Consolidated Statements of Cash Flows.

Self-insurance programs

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

Pre-opening

costs

—

Pre-opening

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

pre-opening

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

pre-opening

activities. All

pre-opening

costs are expensed as incurred.

Income taxes

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

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

Foreign currency

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

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 fiscal 2021, 2020 and fiscal 2019, we excluded approximately 170,000, 1,200,000, and 150,000 anti-dilutive awards from the calculation. Basic weighted average shares outstanding are reconciled to diluted weighted average shares outstanding as follows


	January 30, 2022		January 31, 2021		February 2, 2020
Basic weighted average shares outstanding		48,142,090		43,549,887		33,450,217
Weighted average dilutive impact of awards (1)		1,121,630		—		649,161
Diluted weighted average shares outstanding		49,263,720		43,549,887		34,099,378

(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.

Inventories

12 Months Ended

Jan. 30, 2022

Inventory Disclosure [Abstract]

Inventories

Note 2: Inventories

Inventories consist of the following:


	January 30, 2022		January 31, 2021
Operating store—food and beverage	$	7,281	$	4,175
Operating store—amusement		12,721		8,640
Corporate—amusement, supplies and other		20,317		10,992

	$	40,319	$	23,807

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

Property and Equipment

12 Months Ended

Jan. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 3: Property and Equipment

Property and equipment consist of the following:


	January 30, 2022			January 31, 2021
Land	$	12,302		$	12,302
Buildings and building improvements		42,312			37,417
Leasehold improvements		830,459			805,229
Furniture, fixtures and equipment		459,713			430,331
Games		298,327			295,170
Construction in progress		44,020			33,382

Total cost		1,687,133			1,613,831
Accumulated depreciation		(908,536	)		(798,804	)

Property and equipment, net	$	778,597		$	815,027

Depreciation expense totaled $138,329 for fiscal 2021, $138,789 for fiscal 2020, and $132,399 for fiscal 2019.

Accrued Liabilities

12 Months Ended

Jan. 30, 2022

Other Liabilities Disclosure [Abstract]

Accrued Liabilities

Note 4: Accrued Liabilities

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


	January 30, 2022		January 31, 2021
Deferred amusement revenue	$	92,961	$	78,852
Current portion of operating lease liabilities, net (1)		45,445		46,471
Compensation and benefits		27,447		13,846
Current portion of deferred occupancy costs		19,164		36,121
Deferred gift card revenue		11,855		10,918
Accrued interest		8,629		11,321
Property taxes		6,450		8,149
Current portion of long-term insurance		5,700		5,100
Utilities		5,262		4,151
Sales and use taxes		4,465		1,385
Current portion of derivatives		3,823		8,350
Customer deposits		3,471		1,373
Other (Note 10)		13,821		8,753

Total accrued liabilities	$	248,493	$	234,790

(1)	The balance of leasehold incentive receivables of $10,064 and $8,763 as of January 30, 2022. and January 31, 2021, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Debt

12 Months Ended

Jan. 30, 2022

Debt Disclosure [Abstract]

Debt

Note 5: Debt

Long-term debt consists of the following:


	January 30, 2022			January 31, 2021
Credit Facility—revolver	$	—		$	60,000
Senior secured notes		440,000			550,000

Total debt outstanding		440,000			610,000
Less debt issuance costs		(8,605	)		(13,612	)

Long-term debt, net	$	431,395		$	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, 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.

The first amendment to the existing credit facility, effective April 14, 2020, increased the interest rate spread on variable rate debt to 2.00% plus a LIBOR floor of 1.00%. Concurrent and subject to the issuance of the Notes, the Company executed a second amendment, 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 a minimum liquidity (primarily availability under the credit facility) of

$150,000

. During the fourth quarter of fiscal 2021, the Company ended this financial covenant suspension period. The second amendment extended the maturity of the

$500,000

revolving portion of the facility from August 17, 2022, to August 17, 2024, increased the interest rate spread t

o 4.00

%, and instituted a

1.00

% utilization fee due at maturity. After the first quarter of fiscal 2022, when the financial covenant suspension increased pricing period ends, the interest rate spread ranges fro

m 1.25% to 3.00

% and the utilization fee will cease.

The second amendment also terminated the term loan portion of the credit facility, triggering payment of

$1,900

of lender debt costs, and the Company recorded a loss of

$904

related to the unamortized debt costs associated with the term portion of the credit facility. 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 associated with the issuance of the Notes and the second amendment to the credit facility, which are being amortized over the respective terms.

During fiscal 2021, the Company redeemed a total of $110,000 outstanding principal amount of the Notes in two separate transactions. In connection with the early redemption of the Notes, the Company paid prepayment premiums of $3,300, plus accrued and unpaid interest to the date of redemptions, pursuant to the terms of the indenture governing the Notes. Additionally, the early redemptions of the Notes resulted in a loss on extinguishment of approximately $2,300 related to a proportionate amount of unamortized issuance costs.

For fiscal 2021 and fiscal 2020, the Company’s weighted average interest rate on outstanding borrowings wa

s 10.34% and 5.40

%, respectively. The rate has increased due to the issuance of the Notes and the second amendment to the credit facility. As of January 30, 2022, we had letters of credit outstanding of

$7,505 and an unused commitment balance of $492,495

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. As of January 30, 2022, the Company was in compliance with the financial covenants of our credit facility and all the restrictive covenants of the Notes and credit facility.

Future debt obligations

— Below is our future debt principal payment obligations as of January 30, 2022 by fiscal year:



2025	$	440,000

Total future payments	$	440,000

Interest expense, net

— The following tables set forth our recorded interest expense, net:


	January 30, 2022			January 31, 2021			February 2, 2020
Interest expense on debt	$	43,463		$	29,124		$	20,277
Interest associated with swap agreements		7,547			6,453			969
Amortization of issuance cost		4,244			2,184			792
Interest income		—			(22	)		(119	)
Capitalized interest		(1,344	)		(849	)		(982	)

Total interest expense, net	$	53,910		$	36,890		$	20,937

Income Taxes

12 Months Ended

Jan. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Note 6: 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. Due to government delays in processing these claims, the majority of these funds are expected to be received in fiscal 2022.

Additionally, the CARES Act, in efforts to enhance business’ liquidity, provided for the deferral of the employer-paid portion of social security taxes during fiscal 2020. The Company elected to defer approximately $4,800 of employer-paid portion of social security taxes, with 50% remitted in fiscal 2021 and the remainder due in fiscal 2022.

The following table sets forth our income tax provision:


	January 30, 2022		January 31, 2021			February 2, 2020
Current provision:
Federal	$	21,899		$ (78,629)		$	11,744
State and local		4,577		(1,360	)		8,562
Foreign		333		(78	)		100

Total current provision		26,809		(80,067	)		20,406


	January 30, 2022			January 31, 2021			February 2, 2020
Deferred provision (benefit):
Federal		(2,354	)		(5,415	)		7,109
State and local		(5,441	)		1,951			(365	)
Foreign		—			99			(271	)

Total deferred provision (benefit)		(7,795	)		(3,365	)		6,473

Provision for income taxes	$	19,014		$	(83,432	)	$	26,879

The following table reconciles the effective tax rate to the federal income tax rate:


	January 30, 2022			January 31, 2021			February 2, 2020
Federal income tax rate		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal benefit		5.0	%		2.7	%		5.4	%
Permanent differences		2.0	%		(0.2	)%		1.5	%
Tax credits		(4.9	)%		0.7	%		(6.4	)%
Share-based compensation		(3.6	)%		(0.2	)%		(0.9	)%
Impact of net operating loss carryback		—	%		7.5	%		—	%
Other		(4.6	)%		(2.8	)%		0.5	%

Effective tax rate		14.9	%		28.7	%		21.1	%

Components of the deferred income tax liability, net consist of the following:


	January 30, 2022			January 31, 2021
Deferred tax assets:
Deferred revenue	$	27,577		$	24,136
Operating lease liability		380,145			383,378
Accrued liabilities		2,961			1,332
Workers compensation and general liability insurance		4,068			3,923
Share-based compensation		7,614			7,236
Hedging transactions		1,044			3,488
Net operating loss carryovers		8,028			10,303
Tax credit carryovers		943			3,054
Indirect benefit of unrecognized tax benefits		529			639
Other		4,173			5,549

Subtotal		437,082			443,038
Less: valuation allowance		(8,501	)		(13,747	)

Total deferred tax assets	$	428,581		$	429,291

Deferred tax liabilities:
Trademark/tradename	$	21,583		$	21,583
Property and equipment		121,516			127,969
Operating lease right of use asset		287,255			287,030
Other		278			493

Total deferred tax liabilities	$	430,632		$	437,075

Deferred tax liability, net		$ 2,051			$ 7,784

As of

January 30, 2022, we had $99,004 of state net operating loss carryforwards, which will begin to expire in 2022, foreign operating loss carryforwards of $9,535, which will begin to expire in 2030, and foreign tax credit carryovers of $922, which will begin to expire in 2028.

During fiscal 2021, the

decrease

in the valuation allowance of $5,246 primarily relates to the use of available net operating loss carryforwards and the release of previously established allowance for certain net operating loss carryforwards due to improved operating performance. During fiscal 2020, the increase in the valuation allowance of $11,127 primarily relates to the increase in net operating loss carryovers.

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:


	January 30, 2022			January 31, 2021			February 2, 2020
Balance at beginning of year	$	2,564		$	2,080		$	2,333
Additions for tax positions of prior years		95			28			463
Reductions for tax positions of prior years		—			—			(44	)
Additions for tax positions of current year		757			660			450
Settlements with taxing authorities		—			—			(390	)
Lapse of statute of limitations		(330	)		(204	)		(732	)

Balance at end of year	$	3,086		$	2,564		$	2,080

The January 30, 2022 balance of unrecognized tax benefits includes $2,800, that if recognized, would affect our effective tax rate. At January 30, 2022, and January 31, 2021, we had accrued interest and penalties of $446

and $412, respectively. The Company recorded accrued interest related to the unrecognized tax benefits and penalties as a component of the provision for income taxes recognized in the Consolidated Statements of Comprehensive Income (Loss).

In the next

twelve months, it is reasonably possible that our unrecognized tax benefits could change due to the resolution of certain tax matters, including payments on those tax matters or due to lapse of the statute of limitations. These resolutions and payments could reduce our unrecognized tax benefits by up to approximately $382.

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

The Company recorded excess tax expense (benefits) of $(6,994), $437, and ($1,201), in fiscal 2021, fiscal 2020 and fiscal 2019, respectively, to the provision for income taxes in the Consolidated Statements of Comprehensive Income (Loss).

- 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

Leases

12 Months Ended

Jan. 30, 2022

Leases

Leases

Note 7: Leases

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


	January 30, 2022		January 31, 2021		February 2, 2020
Operating lease cost	$	134,910	$ 132,658		$	124,065
Variable lease cost		30,122		25,360		30,009
Short-term lease cost (1)		549		457		435

Total lease cost	$	165,581	$	158,475	$	154,509

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

Operating lease c

st, 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 former corporate headquarters and new store support center, in the Consolidated Statements of Comprehensive Income (Loss).

Supplemental disclosures of cash flow information related to leases were as follows:


	January 30, 2022			January 31, 2021			February 2, 2020
	January 30, 2022			January 31, 2021			February 2, 2020
Cash paid for operating lease liabilities	$	157,197		$	77,292		$	123,748
ROU assets obtained in exchange for new operating lease liabilities (1)	$	72,559		$	98,218		$	220,648
Weighted-average remaining lease term—operating leases (in years)		14.2			14.8			15.7
Weighted-average discount rate—operating leases		6.02	%		5.94	%		5.90	%

(1)	Excludes the transition adjustment at adoption of Topic 842 in fiscal 2019.

Minimum future maturities of operating lease liabilities were as follows as of January 30, 2022, by fiscal year:



2022	$	134,011
2023		143,762
2024		143,431
2025		144,305
2026		145,453
Thereafter		1,333,575

Total future operating lease liability	$	2,044,537
Less: interest		(711,489	)

Present value of operating lease liabilities	$	1,333,048

Operating

lease payments in the table above includes minimum lease payments for four future sites for which the leases have commenced. Operating lease payments exclude approximately $105,000 of minimum lease payments for five executed facility leases which have not yet commenced.

Stockholders' Equity

12 Months Ended

Jan. 30, 2022

Equity [Abstract]

Stockholders' Equity

Note 8: Stockholders’ Equity

Shareholder rights plan

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.

Sale of common stock

During fiscal 2020, the Company sold 16,743,352 shares of its common stock at an average price of $11.08 per share, for proceeds of $182,207, net of

offering costs.

Share repurchases and cash dividends

On December 6, 2021, our Board of Directors approved a share repurchase program, under which the Company may repurchase shares on the private market, through privately negotiated transactions and through trading plans. The share repurchase program may be modified, suspended, or discontinued at any time. The share repurchase authorization limit is $100,000 and the authorization expires at the end of fiscal 2022. As a result of the impacts to our business arising from the

COVID-19

pandemic, share purchases and dividend payments were indefinitely suspended during fiscal 2021 and fiscal 2020, and the previous share repurchase program expired at the end of fiscal 2020. During fiscal 2019, the Company purchase

d 7,116,585 shares of stock for $297,317. Our Board of Directors authorized and declared quarterly cash dividends totaling $0.62

per share of common stock during fiscal 2019. The fiscal 2019 fourth quarter dividend was paid in the first quarter of fiscal 2020.

The Company treats shares withheld for tax purposes on behalf of our employees in connection with the vesting of 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 were not considered common stock repurchases under the share repurchase plan. During the fiscal year ended 2021, 2020 and 2019, we withheld 231,451, 58,715, and 11,536 shares of common stock to satisfy $9,465, $929, and $595 of employees’ tax obligations, respectively. The share activity in fiscal 2020 includes the settlements of $2,517 cash obligations through the issuance of 160,540 shares of common stock.

Share-based compensation

The Company maintains an equity incentive plan under which it may grant awards denominated in the Company’s common stock or units of the Company’s common stock, as well as cash variable compensation awards. The Company’s long-term incentive compensation provides awards to executive and management personnel as well as directors. Prior to October 2014, we issued share-based awards under our 2010 Stock Incentive Plan, and all outstanding grants under this plan are fully vested. Share-based awards granted after October 2014 were issued pursuant to the terms of our 2014 Stock Incentive Plan. We may grant stock option or restricted stock units to executive and management personnel as well as directors. Options granted to employees generally become exercisable ratably over a three-year period from the grant date. Performance-based restricted stock units and market stock units (“MSU’s) awarded to employees generally either vest ratably

ver three years or fully vest after three years, subject to the achievement of specified performance or market conditions, as applicable. Time-based restricted stock units have various service periods not exceeding five years.

Options granted under both plans terminate on the

ten-year

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

Each share granted subject to a stock option award or time-based restricted stock unit award reduces the number of shares available under our stock incentive plans by one share. Each share granted subject to a performance restricted stock unit or market stock unit award reduces the number of shares available under our stock incentive plans by a range of one share if the target performance or market condition is achieved, up to a maximum of two shares for performance or market condition achieved above target and a minimum of no shares if performance or market condition achieved is below a minimum threshold target. On June 23, 2020, shareholders approved a proposal to amend the 2014 Stock Incentive Plan to increase the number of shares available for awards to 6,100,000 shares. The number of unissued common shares reserved for future grants under the 2014 Stock Incentive Plan is approximately 3,600,000 as of January 30, 2022. The Company satisfies stock option exercises and vesting of restricted stock units with newly issued shares.

The grant date fair value of our stock option awards has been determined using the Black-Scholes option valuation model. The Black-Scholes option valuation model uses assumptions of expected volatility, the expected dividend yield of our stock, the expected term of the awards and the risk-free interest rate, as well as an

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

zero-coupon

issues with a remaining term equivalent to the expected term. No options were granted during fiscal 2021 or

fiscal 2020. The significant assumptions used in determining the underlying fair value of the weighted-average options granted in fiscal 2019 were as follows:


	Fiscal 2019
Volatility		34.2	%
Risk free interest rate		2.34	%
Expected dividend yield		1.15	%
Expected term — in years		6.0
Weighted average grant-date fair value	$	16.93

Based on the terms and conditions of our MSU awards, the grant date fair value of the MSU’s was determined using a Monte-Carlo simulation model, which simulated the Company’s stock price over the performance period. During fiscal 2021, the average volatility assumption was 76.9% and the risk-free interest rate used to discount

the value of the award was 0.24%. During fiscal 2020, the average volatility assumption was 126.2% and the risk-free interest rate used to discount the value of the award was 0.16%. The dividend yield was zero as the Company has suspended dividends as a result of the

COVID-19

pandemic.

Compensation expense related to stock options with only service conditions (time-based) is recognized on a straight-line basis over the requisite service period for each separately vesting portion of the award or to the date on which retirement eligibility is achieved, if shorter. Compensation expense related to stock option plans was $431, $1,318, and $3,010 during the fiscal years ended January 30, 2022, January 31, 2021, and February 2, 2020, respectively.

Compensation expense for time-based restricted stock units is based on the market price of the shares underlying the awards on the grant date. Compensation expense for performance-based restricted stock units reflects the estimated probability that performance conditions at target or above will be met. Restricted stock units are expensed ratably over the service period. The effect of market conditions is considered in determining the grant date fair value of MSU awards, which is not subsequently revised based on actual performance. We recorded compensation expense related to our restricted stock unit awards of $12,041, $5,667, and $3,847 during the fiscal years ended January 30, 2022, January 31, 2021, and February 2, 2020, respectively.

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). Forfeitures are recorded as they occur.

Transactions related to stock option awards during fiscal 2021 were as follows:


	2014 Stock Incentive Plan					2010 Stock Incentive Plan
	Number of Options			Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price
Outstanding at January 31, 2021		1,231,601		$	36.77		173,563		$	7.51
Exercised		(270,976	)		16.36		(100,009	)		6.90
Forfeited		(27,246	)		43.78		—			—

Outstanding at January 30, 2022		933,379			42.50		73,554			8.33

Exercisable at January 30, 2022		872,895		$	41.86		73,554		$	8.33

The total intrinsic value of options exercised during fiscal 2021, 2020, and 2019 was $10,358, $963, and $3,968, respectively. The unrecognized expense related to our stock option plan totaled approximately $64 as of January 30, 2022 and will be expensed over a weighted average of 0.2 years. For options outstanding as of January 30, 2022, the weighted average remaining contractual life was 4.8 years and the aggregate intrinsic value was $3,800. For options exercisable as of January 30, 2022, the weighted average remaining contractual life was 4.6 years and the aggregate intrinsic value was $3,800.

Transactions related to restricted stock unit awards during fiscal 2021 were as follows:


	Shares			Weighted Avg Grant Date Fair Value
Outstanding at January 31, 2021		1,116,341		$	17.32
Granted		311,759			47.42
Change in units based on performance		362,491			15.30
Vested		(703,795	)		16.23
Forfeited		(163,997	)		32.24

Outstanding at January 30, 2022		922,799		$	24.88

The weighted average grant-date fair values of restricted stock units granted during fiscal 2021, 2020 and 2019 were $

47.42

, $

12.75

, and $

51.44

, respectively. The total fair value of restricted stock units vested during fiscal 2021, 2020, and 2019 was approximately $

29,260

, $

1,518

, and $

5,259

, respectively. The unrecognized expense related to our restricted stock units was approximately $

7,976

as of January 30, 2022, which will be expensed over a weighted average of

1.6

years

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Jan. 30, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 9: Employee Benefit Plans We maintain voluntary defined contribution plans, both qualified and non-qualified, covering eligible employees as defined in the plan documents. Participating employees may elect to defer and contribute a portion of their eligible compensation to the plans up to limits stated in the plan documents, not to exceed the dollar amounts set by applicable laws. The Company may match a specified percentage of employee contributions, as approved, up to a maximum of 6% of eligible employee compensation, as defined. As a result of the impacts to our business arising from the COVID-19 pandemic, the Company suspended matching of employee contributions during fiscal 2020 and the first half of fiscal 2021. The Company’s match was $714, $0, and $975, for fiscal 2021, 2020, and 2019, respectively, which was expensed as incurred. The non-qualified deferred compensation plan assets are invested through a rabbi trust. Assets in the rabbi trust are invested in certain mutual funds that cover an investment spectrum ranging from equities to money market instruments and are available to satisfy the claims of our creditors in the event of bankruptcy or insolvency. These mutual funds have published market prices and are reported at fair value using quoted prices available on identical assets and liabilities in active markets, representing Level One assets as defined by GAAP. Deferred compensation plan assets of $10,587 and $10,115, as of January 30, 2022 and January 31, 2021, respectively, are included in “Other assets and deferred charges” and the offsetting deferred compensation plan liabilities are included in “Other liabilities” in the accompanying Consolidated Balance Sheets.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jan. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10: Commitments and Contingencies We are subject to certain legal proceedings and claims that arise in the ordinary course of our business, including claims alleging violations of federal and state law regarding workplace and employment matters, discrimination, slip-and-fall and other 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. The Company estimated and accrued for the most likely amount of loss during fiscal 2019 and fiscal 2020. During fiscal 2020, the Company settled a portion of the cases at the approximate amount estimated. 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. We are subject to the terms of a settlement agreement with the Federal Trade Commission that requires us, on an ongoing basis, to establish, implement, and maintain a comprehensive information security program that is reasonably designed to protect the security, confidentiality, and integrity of personal information collected from or about consumers. The agreement does not require us to pay any fines or other monetary assessments and we do not believe that the terms of the agreement will have a material adverse effect on our business, operations, or financial performance.

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

12 Months Ended

Jan. 30, 2022

Accounting Policies [Abstract]

Description of the business

in Coppell, Texas

re-open

COVID-19 Considerations

COVID-19

Considerations

— In March 2020, a novel strain of coronavirus

(“COVID-19”)

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, and by the end of fiscal 2020,

107

of our

140

stores were open and operating in limited capacity. The Company

re-opened

the remaining

two

stores

re-opened

with limited operations.

The measures taken by the Company as well as the

re-opening

the conditions surrounding

COVID-19,

particularly as a result of new variants of

COVID-19,

will change, including additional vaccination or mask mandates, capacity restrictions or

re-closures

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

Principles of consolidation

Fiscal year

53-week

year when the fourth quarter has 14 weeks.

Use of estimates

Cash and cash equivalents

Inventories

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

(first-in,

first-out

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

Cloud-based computing arrangements

Cloud-Based Computing Arrangements

Property and equipment


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

We assess the potential impairment of our long-lived assets related to each store to be held and used in business, including property and equipment and

right-of-use

COVID-19

Goodwill and tradenames

Other assets and deferred charges, net

Fair value of financial instruments

Interest rate swap

Interest rate swaps

one-month

(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, and the unamortized balance of

$4,088

as of the end of fiscal 2021 will be fully amortized 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. During fiscal 2021 and fiscal 2020, a gain of

$550 and a loss of $1,729, respectively, was recognized, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss).

The following derivative instruments were outstanding for the fiscal years ended:


			Fair Value
	Balance Sheet Location		January 30, 2022		January 31, 2021
Derivatives designated as hedging instruments:
Interest rate swaps		Accrued liabilities	$	3,823	$	8,350
Interest rate swaps		Other liabilities		—		4,416

Total derivative liability			$	3,823	$	12,766

The following table presents the activity in accumulated other comprehensive loss resulting from our derivative instruments for the fiscal years ended:


	January 30, 2022			January 31, 2021			February 2, 2020
Loss recognized in accumulated other comprehensive income	$	—		$	(7,602	)	$	(11,454	)
Lo ss reclassified or amortized into interest expense	$	7,547		$	6,453		$	969
Income tax effect	$	(2,062	)	$	314		$	2,864

Revenue recognition

fiscal 2019.

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

non-usage

Advertising costs

Leases

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

5-year

Company accounts for the lease components and

non-lease

COVID-19

$8,434 and $16,243 as of January 30, 2022, and January 31, 2021, respectively, is included in “Other liabilities” in the Consolidated Balance Sheets.

Self-insurance programs

Pre-opening costs

Pre-opening

costs

—

Pre-opening

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

pre-opening

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

pre-opening

activities. All

pre-opening

costs are expensed as incurred.

Income taxes

Foreign currency

Earnings per share


	January 30, 2022		January 31, 2021		February 2, 2020
Basic weighted average shares outstanding		48,142,090		43,549,887		33,450,217
Weighted average dilutive impact of awards (1)		1,121,630		—		649,161
Diluted weighted average shares outstanding		49,263,720		43,549,887		34,099,378

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

Recently adopted accounting guidance

Recently adopted accounting guidance —

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

2019-12,

Recent accounting pronouncements —

In March 2020, the FASB issued ASU

2020-04,

de-designation

of our hedging relationships in fiscal 2020.

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

12 Months Ended

Jan. 30, 2022

Accounting Policies [Abstract]

Estimated Useful Lives of Assets


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

Summary of derivative instruments were outstanding

The following derivative instruments were outstanding for the fiscal years ended:


			Fair Value
	Balance Sheet Location		January 30, 2022		January 31, 2021
Derivatives designated as hedging instruments:
Interest rate swaps		Accrued liabilities	$	3,823	$	8,350
Interest rate swaps		Other liabilities		—		4,416

Total derivative liability			$	3,823	$	12,766

Summarizes the activity in accumulated other comprehensive loss

The following table presents the activity in accumulated other comprehensive loss resulting from our derivative instruments for the fiscal years ended:


	January 30, 2022			January 31, 2021			February 2, 2020
Loss recognized in accumulated other comprehensive income	$	—		$	(7,602	)	$	(11,454	)
Lo ss reclassified or amortized into interest expense	$	7,547		$	6,453		$	969
Income tax effect	$	(2,062	)	$	314		$	2,864

Summary of Calculation of Basic and Diluted Earnings Per Share


	January 30, 2022		January 31, 2021		February 2, 2020
Basic weighted average shares outstanding		48,142,090		43,549,887		33,450,217
Weighted average dilutive impact of awards (1)		1,121,630		—		649,161
Diluted weighted average shares outstanding		49,263,720		43,549,887		34,099,378

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

Inventories (Tables)

12 Months Ended

Jan. 30, 2022

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following:


	January 30, 2022		January 31, 2021
Operating store—food and beverage	$	7,281	$	4,175
Operating store—amusement		12,721		8,640
Corporate—amusement, supplies and other		20,317		10,992

	$	40,319	$	23,807

Property and Equipment (Tables)

12 Months Ended

Jan. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consist of the following:


	January 30, 2022			January 31, 2021
Land	$	12,302		$	12,302
Buildings and building improvements		42,312			37,417
Leasehold improvements		830,459			805,229
Furniture, fixtures and equipment		459,713			430,331
Games		298,327			295,170
Construction in progress		44,020			33,382

Total cost		1,687,133			1,613,831
Accumulated depreciation		(908,536	)		(798,804	)

Property and equipment, net	$	778,597		$	815,027

Accrued Liabilities (Tables)

12 Months Ended

Jan. 30, 2022

Text Block [Abstract]

Accrued Liabilities

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


	January 30, 2022		January 31, 2021
Deferred amusement revenue	$	92,961	$	78,852
Current portion of operating lease liabilities, net (1)		45,445		46,471
Compensation and benefits		27,447		13,846
Current portion of deferred occupancy costs		19,164		36,121
Deferred gift card revenue		11,855		10,918
Accrued interest		8,629		11,321
Property taxes		6,450		8,149
Current portion of long-term insurance		5,700		5,100
Utilities		5,262		4,151
Sales and use taxes		4,465		1,385
Current portion of derivatives		3,823		8,350
Customer deposits		3,471		1,373
Other (Note 10)		13,821		8,753

Total accrued liabilities	$	248,493	$	234,790

(1)	The balance of leasehold incentive receivables of $10,064 and $8,763 as of January 30, 2022. and January 31, 2021, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Debt (Tables)

12 Months Ended

Jan. 30, 2022

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consists of the following:


	January 30, 2022			January 31, 2021
Credit Facility—revolver	$	—		$	60,000
Senior secured notes		440,000			550,000

Total debt outstanding		440,000			610,000
Less debt issuance costs		(8,605	)		(13,612	)

Long-term debt, net	$	431,395		$	596,388

Future Debt Payment Obligation

Future debt obligations

— Below is our future debt principal payment obligations as of January 30, 2022 by fiscal year:



2025	$	440,000

Total future payments	$	440,000

Recorded Interest Expense, Net

Interest expense, net

— The following tables set forth our recorded interest expense, net:


	January 30, 2022			January 31, 2021			February 2, 2020
Interest expense on debt	$	43,463		$	29,124		$	20,277
Interest associated with swap agreements		7,547			6,453			969
Amortization of issuance cost		4,244			2,184			792
Interest income		—			(22	)		(119	)
Capitalized interest		(1,344	)		(849	)		(982	)

Total interest expense, net	$	53,910		$	36,890		$	20,937

Income Taxes (Tables)

12 Months Ended

Jan. 30, 2022

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes

The following table sets forth our income tax provision:


	January 30, 2022		January 31, 2021			February 2, 2020
Current provision:
Federal	$	21,899		$ (78,629)		$	11,744
State and local		4,577		(1,360	)		8,562
Foreign		333		(78	)		100

Total current provision		26,809		(80,067	)		20,406


	January 30, 2022			January 31, 2021			February 2, 2020
Deferred provision (benefit):
Federal		(2,354	)		(5,415	)		7,109
State and local		(5,441	)		1,951			(365	)
Foreign		—			99			(271	)

Total deferred provision (benefit)		(7,795	)		(3,365	)		6,473

Provision for income taxes	$	19,014		$	(83,432	)	$	26,879

Components of Deferred Income Tax Liability

Components of the deferred income tax liability, net consist of the following:


	January 30, 2022			January 31, 2021
Deferred tax assets:
Deferred revenue	$	27,577		$	24,136
Operating lease liability		380,145			383,378
Accrued liabilities		2,961			1,332
Workers compensation and general liability insurance		4,068			3,923
Share-based compensation		7,614			7,236
Hedging transactions		1,044			3,488
Net operating loss carryovers		8,028			10,303
Tax credit carryovers		943			3,054
Indirect benefit of unrecognized tax benefits		529			639
Other		4,173			5,549

Subtotal		437,082			443,038
Less: valuation allowance		(8,501	)		(13,747	)

Total deferred tax assets	$	428,581		$	429,291

Deferred tax liabilities:
Trademark/tradename	$	21,583		$	21,583
Property and equipment		121,516			127,969
Operating lease right of use asset		287,255			287,030
Other		278			493

Total deferred tax liabilities	$	430,632		$	437,075

Deferred tax liability, net		$ 2,051			$ 7,784

Change in Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:


	January 30, 2022			January 31, 2021			February 2, 2020
Balance at beginning of year	$	2,564		$	2,080		$	2,333
Additions for tax positions of prior years		95			28			463
Reductions for tax positions of prior years		—			—			(44	)
Additions for tax positions of current year		757			660			450
Settlements with taxing authorities		—			—			(390	)
Lapse of statute of limitations		(330	)		(204	)		(732	)

Balance at end of year	$	3,086		$	2,564		$	2,080

Reconciliation of Effective Tax Rate To The Federal Income Tax Rate

The following table reconciles the effective tax rate to the federal income tax rate:


	January 30, 2022			January 31, 2021			February 2, 2020
Federal income tax rate		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal benefit		5.0	%		2.7	%		5.4	%
Permanent differences		2.0	%		(0.2	)%		1.5	%
Tax credits		(4.9	)%		0.7	%		(6.4	)%
Share-based compensation		(3.6	)%		(0.2	)%		(0.9	)%
Impact of net operating loss carryback		—	%		7.5	%		—	%
Other		(4.6	)%		(2.8	)%		0.5	%

Effective tax rate		14.9	%		28.7	%		21.1	%

Leases (Tables)

12 Months Ended

Jan. 30, 2022

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:


	January 30, 2022		January 31, 2021		February 2, 2020
Operating lease cost	$	134,910	$ 132,658		$	124,065
Variable lease cost		30,122		25,360		30,009
Short-term lease cost (1)		549		457		435

Total lease cost	$	165,581	$	158,475	$	154,509

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

Disclosure of Other information related to leases

Supplemental disclosures of cash flow information related to leases were as follows:


	January 30, 2022			January 31, 2021			February 2, 2020
	January 30, 2022			January 31, 2021			February 2, 2020
Cash paid for operating lease liabilities	$	157,197		$	77,292		$	123,748
ROU assets obtained in exchange for new operating lease liabilities (1)	$	72,559		$	98,218		$	220,648
Weighted-average remaining lease term—operating leases (in years)		14.2			14.8			15.7
Weighted-average discount rate—operating leases		6.02	%		5.94	%		5.90	%

(1)	Excludes the transition adjustment at adoption of Topic 842 in fiscal 2019.

Lessee, Operating Lease, Liability, Maturity

Minimum future maturities of operating lease liabilities were as follows as of January 30, 2022, by fiscal year:



2022	$	134,011
2023		143,762
2024		143,431
2025		144,305
2026		145,453
Thereafter		1,333,575

Total future operating lease liability	$	2,044,537
Less: interest		(711,489	)

Present value of operating lease liabilities	$	1,333,048

Stockholders' Equity (Tables)

12 Months Ended

Jan. 30, 2022

Equity [Abstract]

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

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


	Fiscal 2019
Volatility		34.2	%
Risk free interest rate		2.34	%
Expected dividend yield		1.15	%
Expected term — in years		6.0
Weighted average grant-date fair value	$	16.93

Transactions related to stock option awards during fiscal 2021 were as follows:


	2014 Stock Incentive Plan					2010 Stock Incentive Plan
	Number of Options			Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price
Outstanding at January 31, 2021		1,231,601		$	36.77		173,563		$	7.51
Exercised		(270,976	)		16.36		(100,009	)		6.90
Forfeited		(27,246	)		43.78		—			—

Outstanding at January 30, 2022		933,379			42.50		73,554			8.33

Exercisable at January 30, 2022		872,895		$	41.86		73,554		$	8.33

Transactions related to restricted stock unit awards during fiscal 2021 were as follows:


	Shares			Weighted Avg Grant Date Fair Value
Outstanding at January 31, 2021		1,116,341		$	17.32
Granted		311,759			47.42
Change in units based on performance		362,491			15.30
Vested		(703,795	)		16.23
Forfeited		(163,997	)		32.24

Outstanding at January 30, 2022		922,799		$	24.88

Description of the Business and Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands				12 Months Ended
	Aug. 01, 2021 Stores	Oct. 27, 2020 USD ($)	Apr. 14, 2020 USD ($)	Jan. 30, 2022 USD ($) Stores States Segment shares	Jan. 31, 2021 USD ($) Stores shares	Feb. 02, 2020 USD ($) shares	Mar. 20, 2020 Stores
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores				144	140		137
Number of states store operates \| States				40
Number of operating segment \| Segment				1
Number of reportable segment \| Segment				1
Book overdrafts reclassified to accounts payable				$ 16,673	$ 8,168
Impairment Loss and Contract Termination Costs					6,981	$ 0
Foreign exchange Transaction adjustment					39
Balance of transferable liquor licenses				5,162	5,213
Debt issuance costs				3,971	5,525
Impairment of long lived assets covid19				912	6,746
Advertising costs expensed				32,184	21,107	44,834
Stores Generated Revenues				1,304,056	436,512	1,354,691
Other store operating expenses				402,661	$ 299,464	$ 429,431
Weighted Average Term of the License Agreements					2 years 3 months 18 days
Deferred Occupancy Costs				8,434	$ 16,243
National amount of the swap agreement				$ 350,000
Derivative, Average Fixed Interest Rate				2.47%
Fair value of long term debt					62,114
Notes payable, fair value				$ 456,204	$ 576,033
Debt Instrument, Interest Rate, Stated Percentage				10.34%	5.40%
Debt Instrument, Maturity Date, Description		senior secured notes due 2025
Proceeds from issuance of common stock, net of offering costs					$ 182,207
Weighted average anti-dilutive options excluded from calculation of common equivalent shares \| shares				170,000	1,200,000	150,000
Number of additional stores reopened \| Stores	33
Line of Credit Facility, Remaining Borrowing Capacity				$ 492,495
Period of expiry of earned rewards				one to two
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				$ 4,088
Loss on Derivative				$ 550	$ 1,729
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%		7.625%
Repayment of senior secured notes				$ 110,000
Stores Open [Member] \| COVID19 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores					107
Intellectual Property [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Other store operating expenses				598	$ 575	$ 507
Unamortized Balance of Intellectual Property Licenses				$ 1,264	1,862
Dave And Busters Holdings Inc [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock owned				100.00%
Canada [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores				2
Number of Canadian province \| Stores				1
Stores Generated Revenues				$ 6,858	2,896	$ 18,649
Long-lived assets				2.00%
Amusement Revenue [Member] \| Other Comprehensive Income (Loss) [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue				$ 49,700	20,100
Gift Card Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue				3,900	2,330
Gift card breakage revenue				$ 1,390	$ 570

Description of the Business and Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Detail)	12 Months Ended
	Jan. 30, 2022
Building and building improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	40 years
Building and building improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	5 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	20 years
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	5 years
Furniture, Fixtures and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	10 years
Furniture, Fixtures and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	3 years
Games [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	20 years
Games [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	3 years

Description of the Business and Summary of Significant Accounting Policies - Derivative Instruments Outstanding (Details) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Current portion of derivatives	$ 3,823	$ 8,350
Non-current portion of derivatives		4,416
Total derivative liability	$ 3,823	$ 12,766

Description of the Business and Summary of Significant Accounting Policies - Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Thousands

12 Months Ended

Jan. 30, 2022

Jan. 31, 2021

Feb. 02, 2020

Loss recognized in accumulated other comprehensive income

$ (7,602)

$ (11,454)

Loss reclassified or amortized into interest expense

^[1]

7,547

6,453

969

Income tax effect

$ (2,062)

$ 314

$ 2,864

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

Description of the Business and Summary of Significant Accounting Policies - Summary of Calculation of Basic and Diluted Earnings Per Share (Detail) - shares

12 Months Ended

Jan. 30, 2022

Jan. 31, 2021

Feb. 02, 2020

Earnings Per Share [Abstract]

Basic weighted average shares outstanding

48,142,090

43,549,887

33,450,217

Weighted average dilutive impact of awards

^[1]

1,121,630

649,161

Diluted weighted average shares outstanding

49,263,720

43,549,887

34,099,378

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

Inventories - Inventories (Detail) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Inventory [Line Items]
Inventory	$ 40,319	$ 23,807
Operating store—food and beverage [Member]
Inventory [Line Items]
Inventory	7,281	4,175
Operating store—amusement [Member]
Inventory [Line Items]
Inventory	12,721	8,640
Corporate—amusement, supplies and other [Member]
Inventory [Line Items]
Inventory	$ 20,317	$ 10,992

Property and Equipment - Property and Equipment (Detail) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,687,133	$ 1,613,831
Accumulated depreciation	(908,536)	(798,804)
Property and equipment, net	778,597	815,027
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	12,302	12,302
Buildings and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	42,312	37,417
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	830,459	805,229
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	459,713	430,331
Games [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	298,327	295,170
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 44,020	$ 33,382

Property and Equipment Capitalized and Depreciated - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Feb. 02, 2020	Feb. 03, 2019
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 138,329	$ 138,789	$ 132,399

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Deferred amusement revenue	$ 92,961	$ 78,852
Current portion of operating lease liabilities, net	45,445	46,471
Compensation and benefits	27,447	13,846
Current portion of deferred occupancy costs	19,164	36,121
Deferred gift card revenue	11,855	10,918
Accrued interest	8,629	11,321
Property taxes	6,450	8,149
Current portion of long-term insurance	5,700	5,100
Utilities	5,262	4,151
Sales and use taxes	4,465	1,385
Current portion of derivatives	3,823	8,350
Customer deposits	3,471	1,373
Other (Note 10)	13,821	8,753
Total accrued liabilities	$ 248,493	$ 234,790
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued liabilities	Total accrued liabilities

Accrued Liabilities - Accrued Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Accrued Liabilities, Current [Abstract]
Receivables for tenant improvement allowances	$ 10,064	$ 8,763

Debt - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Oct. 27, 2020	Jan. 30, 2022	Jan. 31, 2021
Debt Instrument [Line Items]
Borrowing available		$ 492,495
Weighted average interest rate on outstanding borrowings		10.34%	5.40%
Secured Debt [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Senior secured credit facility	$ 550,000
Maturity date	Nov. 01, 2025
Weighted average interest rate on outstanding borrowings	7.625%	7.625%
Write off of Deferred Debt Issuance Cost		$ 2,300
Frequency of periodic interest payment	November 1 and May 1 of each year
Debt Instrument, Redemption Price, Percentage		103.00%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed		10.00%
Repayment of senior secured notes		$ 110,000
Payment of debt extinguishment costs		3,300
Credit Facility [Member]
Debt Instrument [Line Items]
Letter of credit facility outstanding		7,505
Borrowing available		$ 492,495
Credit Facility [Member] \| First Amendment [Member]
Debt Instrument [Line Items]
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 issuance costs		$ 1,900
Debt instrument interest rate		4.00%
Debt instrument minimum liquidity covenant		$ 150,000
Utilization fee percent		1.00%
Credit Facility [Member] \| Minimum [Member] \| Interest Rate Spread Post Financial Covenant Suspension Increased Pricing Period [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		1.25%
Credit Facility [Member] \| Maximum [Member] \| Interest Rate Spread Post Financial Covenant Suspension Increased Pricing Period [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		3.00%
Refinancing [Member]
Debt Instrument [Line Items]
Credit facility outstanding			$ 463,000
Debt issuance costs		$ 18,300
Write off of Deferred Debt Issuance Cost			904
Repayments of Long-term Debt			$ 255,000

Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Debt Instrument [Line Items]
Total debt outstanding	$ 440,000	$ 610,000
less: debt issuance costs	(8,605)	(13,612)
Long-term debt, net	431,395	596,388
Credit Facility—revolver [Member]
Debt Instrument [Line Items]
Total debt outstanding		60,000
Senior Secured Debt [Member]
Debt Instrument [Line Items]
Total debt outstanding	$ 440,000	$ 550,000

- 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 - Future Debt Payment Obligation (Detail) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Debt Disclosure [Abstract]
2025	$ 440,000
Total debt outstanding	$ 440,000	$ 610,000

- Definition

+ References + Details

Debt - Recorded Interest Expense, Net (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 30, 2022

Jan. 31, 2021

Feb. 02, 2020

Debt Disclosure [Abstract]

Interest expense on credit facilities

$ 43,463

$ 29,124

$ 20,277

Interest associated with swap agreements

^[1]

7,547

6,453

969

Amortization of issuance cost and discount

4,244

2,184

792

Interest income

(22)

(119)

Capitalized interest

(1,344)

(849)

(982)

Total interest expense, net

$ 53,910

$ 36,890

$ 20,937

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

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020
Income Taxes [Line Items]
Net operating loss carryforwards	$ 99,004
Accrued interest on unrecognized tax benefits	446	$ 412
Foreign tax credit carryovers	922
Increase in Valuation Allowance	5,246	11,127
Excess tax expense (benefits)	(6,994)	437	$ 1,201
Reduction in unrecognized tax benefits	382
Total unrecognized tax benefits that, if recognized, would affect our effective tax rate	2,800
Income tax refunds	57,400
Foreign operating loss carryforwards	$ 9,535
CARES Act [Member]
Income Taxes [Line Items]
Deferred Employer Portion Of Social Security Tax		$ 4,800

Income Taxes - Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020
Current provision:
Federal	$ 21,899	$ (78,629)	$ 11,744
State and local	4,577	(1,360)	8,562
Foreign	333	(78)	100
Total current provision	26,809	(80,067)	20,406
Deferred provision (benefit):
Federal	(2,354)	(5,415)	7,109
State and local	(5,441)	1,951	(365)
Foreign		99	(271)
Total deferred provision (benefit)	(7,795)	(3,365)	6,473
Provision for income taxes	$ 19,014	$ (83,432)	$ 26,879

Income Taxes - Components of Deferred Income Tax Liability (Detail) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021
Deferred tax assets:
Deferred revenue	$ 27,577	$ 24,136
Operating lease liability	380,145	383,378
Accrued liabilities	2,961	1,332
Workers compensation and general liability insurance	4,068	3,923
Share-based compensation	7,614	7,236
Hedging transactions	1,044	3,488
Net operating loss carryovers	8,028	10,303
Tax credit carryovers	943	3,054
Indirect benefit of unrecognized tax benefits	529	639
Other	4,173	5,549
Subtotal	437,082	443,038
Less: valuation allowance	(8,501)	(13,747)
Total deferred tax assets	428,581	429,291
Deferred tax liabilities:
Trademark/tradename	21,583	21,583
Property and equipment	121,516	127,969
Operating lease right of use asset	287,255	287,030
Other	278	493
Total deferred tax liabilities	430,632	437,075
Deferred tax liability, net	$ 2,051	$ 7,784

Income Taxes - Change in Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 2,564	$ 2,080	$ 2,333
Additions for tax positions of prior years	95	28	463
Reductions for tax positions of prior years			(44)
Additions for tax positions of current year	757	660	450
Settlements with taxing authorities			(390)
Lapse of statute of limitations	(330)	(204)	(732)
Balance at end of year	$ 3,086	$ 2,564	$ 2,080

Income Taxes - Reconciliation of Effective Tax Rate To The Federal Income Tax Rate (Detail)	12 Months Ended
	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020
Income Tax Disclosure [Abstract]
Federal income tax rate	21.00%	21.00%	21.00%
State and local income taxes, net of federal benefit	5.00%	2.70%	5.40%
Permanent differences	2.00%	(0.20%)	1.50%
Tax credits	(4.90%)	0.70%	(6.40%)
Share-based compensation	(3.60%)	(0.20%)	(0.90%)
Impact of net operating loss carryback		7.50%
Other	(4.60%)	(2.80%)	0.50%
Effective tax rate	14.90%	28.70%	21.10%

Leases - Additional Information (Detail) $ in Thousands	Jan. 30, 2022 USD ($)
Leases
Future minimum rent operating leases not yet commenced	$ 105,000

Leases - Lease Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
Leases - Lease Expense (Detail) - USD ($) $ in Thousands	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020
Leases
Operating lease cost	$ 134,910	$ 132,658	$ 124,065
Variable lease cost	30,122	25,360	30,009
Short-term lease cost	549	457	435
Total lease cost	$ 165,581	$ 158,475	$ 154,509

Leases - Supplemental Disclosures of Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020
Leases
Cash paid for operating lease liabilities	$ 157,197	$ 77,292	$ 123,748
ROU assets obtained in exchange for new operating lease liabilities	$ 72,559	$ 98,218	$ 220,648
Weighted-average remaining lease term—operating leases (in years)	14 years 2 months 12 days	14 years 9 months 18 days	15 years 8 months 12 days
Weighted-average discount rate—operating leases	6.02%	5.94%	5.90%

Leases - Maturities of Our Operating Lease Liabilities (Detail) $ in Thousands	Jan. 30, 2022 USD ($)
Leases
2022	$ 134,011
2023	143,762
2024	143,431
2025	144,305
2026	145,453
Therafter	1,333,575
Total future operating lease liability	2,044,537
Less: interest	(711,489)
Present value of operating lease liabilities	$ 1,333,048

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands			12 Months Ended
	Dec. 06, 2021	Mar. 18, 2020	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020	Mar. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Withholding shares of common stock			231,451	58,715	11,536
Employees tax obligations			$ 9,465	$ 929	$ 595
Stock repurchase authorized amount	$ 100,000
Stock repurchase expiration year	fiscal 2022
Sale of Stock, Price Per Share				$ 11.08
Proceeds from issuance of common stock, net of offering costs				$ 182,207
Total number of shares repurchased					7,116,585
Total cash paid for share repurchases					$ 297,317
Dividend per					$ 0.62
Sale of common stock				16,743,352
Shareholder Rights Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends Payable, Date Declared		Mar. 18, 2020
Dividends Payable, Nature		one preferred share purchase right for each outstanding share of common stock
Preferred Stock, Par or Stated Value Per Share						$ 0.01
Exercise price of rights						$ 45.00
Dividends Payable, Date of Record		Mar. 30, 2020
2014 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock available for issuance			3,600,000
Excess stock shares permitted to issue			6,100,000
Settlement Of Cash Obligation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash obligation				$ 2,517
Stock issued during period, shares, issued for services				160,540
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Expiration period of options			10 years
Recipient age to expense award on grant date			60 days
Recipient age to expense award on grant date			65 years
Share-based compensation expense related to stock option			$ 431	$ 1,318	$ 3,010
Total intrinsic value of stock options exercised			10,358	$ 963	3,968
Unrecognized expense related to stock option plan			$ 64
Unrecognized compensation expense, weighted average years			2 months 12 days
Weighted average remaining contractual life, options outstanding			4 years 9 months 18 days
Aggregate intrinsic value, options outstanding			$ 3,800
Weighted average remaining contractual life, options exercisable			4 years 7 months 6 days
Aggregate intrinsic value, options outstanding, options exercisable			$ 3,800
Market Stock Units (MSU's) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate			76.90%	126.20%
Risk free interest rate			0.24%	0.16%
Expected dividend yield			0.00%
Share based compensation, assumption method used			Monte-Carlo simulation model
Restricted Stock Units (RSU's) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Share-based compensation expense			$ 12,041	$ 5,667	$ 3,847
Unrecognized compensation expense, weighted average years			1 year 7 months 6 days
Unrecognized expense related to unvested restricted stock and RSUs			$ 7,976
Weighted average fair value for RSU's and restricted stock issued			$ 47.42	$ 12.75	$ 51.44
Shares vested, value			$ 29,260	$ 1,518	$ 5,259
Performance Based RSU and MSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reduction in available shares granted subject to target performance			1
Reduction in shares granted subject to above target performance			2
Reduction in shares granted subject to below target performance			0

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

Stockholders' Equity - Transactions Related to Stock Option Awards (Detail)	12 Months Ended
	Jan. 30, 2022 $ / shares shares
2014 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 2, 2020 \| shares	1,231,601
Exercised \| shares	(270,976)
Forfeited \| shares	(27,246)
Options outstanding at January 31, 2021 \| shares	933,379
Options exercisable at January 31, 2021 \| shares	872,895
Weighted Average Exercise Price
Options outstanding at February 2, 2020 \| $ / shares	$ 36.77
Exercised \| $ / shares	16.36
Forfeited \| $ / shares	43.78
Options outstanding at January 31, 2021 \| $ / shares	42.50
Options exercisable at January 31, 2021 \| $ / shares	$ 41.86
2010 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 2, 2020 \| shares	173,563
Exercised \| shares	(100,009)
Forfeited \| shares	0
Options outstanding at January 31, 2021 \| shares	73,554
Options exercisable at January 31, 2021 \| shares	73,554
Weighted Average Exercise Price
Options outstanding at February 2, 2020 \| $ / shares	$ 7.51
Exercised \| $ / shares	6.90
Forfeited \| $ / shares	0
Options outstanding at January 31, 2021 \| $ / shares	8.33
Options exercisable at January 31, 2021 \| $ / shares	$ 8.33

Stockholders' Equity - Transactions Related to Time-based and Performance-based RSU's and Restricted Stock (Detail) - Restricted Stock Unit Awards [Member]	12 Months Ended
	Jan. 30, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, February 2, 2020 \| shares	1,116,341
Restricted Stock Awards, Granted \| shares	311,759
Restricted Stock Awards, Change in units based on performance \| shares	362,491
Restricted Stock Awards, Vested \| shares	(703,795)
Restricted Stock Awards, Forfeited \| shares	(163,997)
Restricted Stock Awards, January 31, 2021 \| shares	922,799
Weighted Average Grant Date Fair Value, February 2, 2020 \| $ / shares	$ 17.32
Weighted Average Grant Date Fair Value, Granted \| $ / shares	47.42
Weighted Average Fair Value Grant Date, Change in units based on performance \| $ / shares	15.30
Weighted Average Fair Value, Vested \| $ / shares	16.23
Weighted Average Fair Value, Forfeited \| $ / shares	32.24
Weighted Average Fair Value, January 31, 2021 \| $ / shares	$ 24.88

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2022	Jan. 31, 2021	Feb. 02, 2020
401(k) and Deferred Compensation Plan [Line Items]
Maximum eligibility of employee compensation	6.00%
Deferred compensation expense	$ 714	$ 0	$ 975
Deferred compensation plan assets	$ 10,587	$ 10,115