0001193125-22-299433 | 10-Q | XBRL Viewer | Dave Busters Entertainment INC

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Cover Page - shares	9 Months Ended
Cover Page - shares	Oct. 30, 2022	Dec. 01, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Trading Symbol	PLAY
Entity Registrant Name	Dave & Buster’s Entertainment, Inc.
Entity Central Index Key	0001525769
Entity Filer Category	Large Accelerated Filer
Current Fiscal Year End Date	--01-29
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity File Number	001-35664
Entity Incorporation, State or Country Code	DE
Entity Common Stock, Shares Outstanding		48,290,288
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Address, Address Line One	1221 S. Beltline Rd
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Coppell
Entity Address, State or Province	TX
City Area Code	214
Entity Address, Postal Zip Code	75019
Local Phone Number	357-9588
Entity Tax Identification Number	35-2382255
Entity Shell Company	false
Title of 12(b) Security	Common Stock $0.01 par value
Security Exchange Name	NASDAQ

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 30, 2022	Jan. 30, 2022
Current Assets:
Cash and cash equivalents	$ 108,211	$ 25,910
Inventories	45,432	40,319
Prepaid expenses	15,749	11,316
Income taxes receivable	45,852	64,921
Other current assets	18,361	3,105
Total current assets	233,605	145,571
Property and equipment, net	1,155,955	778,597
Operating lease right of use assets, net	1,298,801	1,037,197
Deferred tax assets	1,354	9,961
Tradenames	178,200	79,000
Goodwill	787,048	272,597
Other assets and deferred charges	30,127	22,867
Total assets	3,685,090	2,345,790
Current Liabilities
Current installments of long-term debt	8,500	0
Accounts payable	57,216	62,493
Accrued liabilities	339,254	248,493
Income taxes payable	1,272	529
Total current liabilities	406,242	311,515
Deferred income taxes	57,499	12,012
Operating lease liabilities	1,583,910	1,277,539
Other liabilities	54,215	37,869
Long-term debt, net	1,222,208	431,395
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 62,280,788 shares at October 30, 2022 and 61,563,613 at January 30, 2022; outstanding: 48,276,202 shares at October 30, 2022 and 48,489,935 at January 30, 2022	623	616
Preferred stock, 50,000,000 authorized; none issued
Paid-in capital	566,242	548,776
Treasury stock, 14,004,586 and 13,073,678 shares as of October 30, 2022 and January 30, 2022, respectively	(637,947)	(605,435)
Accumulated other comprehensive loss	(1,023)	(3,628)
Retained earnings	433,121	335,131
Total stockholders' equity	361,016	275,460
Total liabilities and stockholders' equity	$ 3,685,090	$ 2,345,790

Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 30, 2022	Jan. 30, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	62,280,788	61,563,613
Common stock, shares outstanding	48,276,202	48,489,935
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	14,004,586	13,073,678

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2022	Oct. 31, 2021	Oct. 30, 2022	Oct. 31, 2021
Total revenues	$ 481,206	$ 317,976	$ 1,400,666	$ 960,954
Total cost of products	76,255	52,613	221,812	150,095
Operating payroll and benefits	125,919	78,995	332,954	209,897
Other store operating expenses	163,846	103,322	430,711	292,883
General and administrative expenses	32,777	22,104	98,784	57,665
Depreciation and amortization expenses	48,427	34,381	120,329	104,355
Pre-opening costs	3,874	2,092	10,784	5,427
Total operating costs	451,098	293,507	1,215,374	820,322
Operating income	30,108	24,469	185,292	140,632
Interest expense, net	28,374	13,423	56,883	41,971
Loss on debt extinguishment / refinance		2,829	1,479	2,829
Income before provision for (benefit from) income taxes	1,734	8,217	126,930	95,832
Provision for (benefit from) income taxes	(184)	(2,368)	28,940	12,842
Net income	1,918	10,585	97,990	82,990
Unrealized foreign currency translation gain (loss)	(343)	(34)	(366)	12
Unrealized gain on derivatives, net of tax	228	1,371	2,971	4,114
Total other comprehensive gain (loss)	(115)	1,337	2,605	4,126
Total comprehensive income	$ 1,803	$ 11,922	$ 100,595	$ 87,116
Net income per share:
Basic	$ 0.04	$ 0.22	$ 2.02	$ 1.73
Diluted	$ 0.04	$ 0.21	$ 1.99	$ 1.68
Weighted average shares used in per share calculations:
Basic	48,256,090	48,277,358	48,556,001	48,050,558
Diluted	48,740,003	49,283,503	49,173,864	49,257,269
Amusement and Other Revenues [Member]
Total revenues	$ 315,351	$ 210,229	$ 925,904	$ 644,443
Cost of amusement and other	27,316	22,531	83,157	63,729
Food and Beverage [Member]
Total revenues	165,855	107,747	474,762	316,511
Cost of food and beverage	$ 48,939	$ 30,082	$ 138,655	$ 86,366

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-In Capital [Member]	Treasury Stock at Cost [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]
Beginning balance at Jan. 31, 2021	$ 153,232	$ 605	$ 531,191	$ (595,970)	$ (9,085)	$ 226,491
Beginning balance, shares at Jan. 31, 2021		60,488,833		12,842,227
Net income	82,990					82,990
Unrealized foreign currency translation gain (loss)	12				12
Derivatives, net of tax	4,114				4,114
Share-based compensation	9,936		9,936
Issuance of common stock	4,050	$ 9	4,041
Issuance of common stock, shares		875,182
Repurchase of common stock	(7,775)			$ (7,775)
Repurchase of common stock, shares				179,487
Ending balance at Oct. 31, 2021	246,559	$ 614	545,168	$ (603,745)	(4,959)	309,481
Ending balance, shares at Oct. 31, 2021		61,364,015		13,021,714
Beginning balance at Aug. 01, 2021	229,875	$ 613	540,348	$ (603,686)	(6,296)	298,896
Beginning balance, shares at Aug. 01, 2021		61,276,473		13,020,098
Net income	10,585					10,585
Unrealized foreign currency translation gain (loss)	(34)				(34)
Derivatives, net of tax	1,371				1,371
Share-based compensation	3,778		3,778
Issuance of common stock	1,043	$ 1	1,042
Issuance of common stock, shares		87,542
Repurchase of common stock	(59)			$ (59)
Repurchase of common stock, shares				1,616
Ending balance at Oct. 31, 2021	246,559	$ 614	545,168	$ (603,745)	(4,959)	309,481
Ending balance, shares at Oct. 31, 2021		61,364,015		13,021,714
Beginning balance at Jan. 30, 2022	275,460	$ 616	548,776	$ (605,435)	(3,628)	335,131
Beginning balance, shares at Jan. 30, 2022		61,563,613		13,073,678
Net income	97,990					97,990
Unrealized foreign currency translation gain (loss)	(366)				(366)
Derivatives, net of tax	2,971				2,971
Share-based compensation	11,481		11,481
Issuance of common stock	5,992	$ 7	5,985
Issuance of common stock, shares		717,175
Repurchase of common stock	(32,512)			$ (32,512)
Repurchase of common stock, shares				930,908
Ending balance at Oct. 30, 2022	361,016	$ 623	566,242	$ (637,947)	(1,023)	433,121
Ending balance, shares at Oct. 30, 2022		62,280,788		14,004,586
Beginning balance at Jul. 31, 2022	356,379	$ 622	562,671	$ (637,209)	(908)	431,203
Beginning balance, shares at Jul. 31, 2022		62,214,255		13,987,601
Net income	1,918					1,918
Unrealized foreign currency translation gain (loss)	(343)				(343)
Derivatives, net of tax	228				228
Share-based compensation	3,228		3,228
Issuance of common stock	344	$ 1	343
Issuance of common stock, shares		66,533
Repurchase of common stock	(738)			$ (738)
Repurchase of common stock, shares				16,985
Ending balance at Oct. 30, 2022	$ 361,016	$ 623	$ 566,242	$ (637,947)	$ (1,023)	$ 433,121
Ending balance, shares at Oct. 30, 2022		62,280,788		14,004,586

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 30, 2022	Oct. 31, 2021
Cash flows from operating activities:
Net income	$ 97,990	$ 82,990
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	120,329	104,355
Non-cash interest expense	6,654	5,660
Impairment of long-lived assets	1,841	0
Deferred taxes	29,283	(6,191)
Loss on disposal of fixed assets	612	634
Loss on debt refinancing	1,479	2,829
Share-based compensation	11,481	9,936
Other, net	3,405	3,250
Changes in assets and liabilities, net of assets and liabilities acquired:
Inventories	(187)	(13,449)
Prepaid expenses	(1,802)	(498)
Income tax receivable	19,069	2,418
Other current assets	(5,991)	(870)
Other assets and deferred charges	951	(1,859)
Accounts payable	(30,486)	(3,419)
Accrued liabilities	43,410	19,069
Income taxes payable	105	(11)
Other liabilities	2,822	(6,346)
Net cash provided by operating activities:	300,965	198,498
Cash flows from investing activities:
Capital expenditures	(164,020)	(63,559)
Acquisition of a business, net of cash acquired	(818,678)	0
Proceeds from sales of property and equipment	802	550
Net cash used in investing activities:	(981,896)	(63,009)
Cash flows from financing activities:
Proceeds from debt	821,500	37,000
Payments of debt	(14,000)	(152,000)
Debt issuance costs and prepayment premiums	(17,748)	(1,650)
Proceeds from the exercise of stock options	5,992	4,050
Repurchases of common stock under share repurchase program	(25,015)	0
Repurchases of common stock to satisfy employee withholding tax obligations	(7,497)	(7,775)
Net cash provided by (used in) financing activities:	763,232	(120,375)
Increase in cash and cash equivalents	82,301	15,114
Beginning cash and cash equivalents	25,910	11,891
Ending cash and cash equivalents	108,211	27,005
Supplemental disclosures of cash flow information:
Change in fixed asset accounts payable	(2,064)	6,314
Cash paid (refund received) for income taxes, net	(20,174)	16,043
Cash paid for interest, net	$ 33,348	$ 43,910

Summary of Significant Accounting Policies

9 Months Ended

Oct. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1: Summary of Significant Accounting Policies

The accompanying unaudited consolidated financial statements include the accounts of Dave & Buster’s Entertainment, Inc. (referred to herein as the “Company”, “we,” “us” and “our”), any predecessor companies and its wholly-owned subsidiaries, Dave & Buster’s Holdings, Inc. (“D&B Holdings”), which owns 100% of the outstanding common stock of Dave & Buster’s, Inc. (“D&B Inc”), the operating company. All intercompany balances and transactions have been eliminated in consolidation. 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.

On June 29, 2022 (the “Closing Date”), the Company completed its previously announced acquisition (the “Main Event Acquisition” or “the Acquisition”) of 100% of the equity interests of Ardent Leisure US Holding Inc. (“Ardent US”), pursuant to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated April 6, 2022, by and among the Company, Ardent US, Delta Bravo Merger Sub, Inc, the Company’s wholly-owned subsidiary formed for the purpose of completing the transactions set forth in the Merger Agreement, for the limited purposes set forth therein, Ardent Leisure Group Limited (“Ardent”), and, for the limited purposes set forth therein, RB ME LP (“RedBird”) and RB ME Blocker, LLC, REB ME Series 2019 Investor Aggregator LP and RedBird Series 2019 GP

Co-Invest,

LP. Refer to Note 2,

Business Combinations

, for further details.

During the thirty-nine weeks ended October 30, 2022, the Company opened seven Dave & Buster’s branded stores located in Bakersfield, California, Long Beach, California, Lynwood, Washington, Sioux Falls, South Dakota, Brooklyn (Atlantic Center), New York, Modesto, California, and Augusta, Georgia, which includes three stores that opened during the thirteen weeks ended October 30, 2022. As of October 30, 2022, the Company owned and operated 151 Dave & Buster’s stores located in 41 states, Puerto Rico and one Canadian province as well as 49 Main Event and 3 The Summit stores (collectively referred to as “Main Event”), located in 17 states.

The Company operates its business as two operating units aggregated into one reportable segment. The Company operates on a 52 or

53-week

fiscal year that ends on the Sunday after the Saturday closest to January 31. Each quarterly period reported has 13 weeks. Fiscal 2022 and 2021, which end on January 29, 2023, and January 30, 2022, respectively, contain 52 weeks.

The Company’s financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States for interim financial information as prescribed by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and notes required by GAAP for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. Our quarterly financial data should be read in conjunction with the audited financial statements and notes thereto for the year ended January 30, 2022, included in our Annual Report on Form

10-K

as filed with the SEC.

The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities at the date of the consolidated financial statements and for the period then ended. Actual results could differ from those estimates. Operating results for the thirty-nine weeks ended October 30, 2022 are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending January 29, 2023.

Cash and cash equivalents

— We consider transaction settlements in process from credit card companies and all highly-liquid investments with original maturities of three months or less to be cash equivalents. Our cash management system provides for the daily funding of all major bank disbursement accounts as checks are presented for payment. Under this system, outstanding checks in excess of the cash balances at certain banks creates book overdrafts. A book overdraft of $16,673 is presented in “Accounts payable” in the Consolidated Balance Sheets as of January 30, 2022. There was no book overdraft as of October 30, 2022. Changes in the book overdraft position are presented within “Net cash provided by operating activities” within the Consolidated Statements of Cash Flows.

Fair value of financial instruments

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

The carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable, and other current liabilities approximate fair value because of their short-term nature. The fair value of the Company’s interest rate swap

was

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 our senior secured notes was $446,329 and $456,204 as of October 30, 2022 and January 30, 2022, respectively. The fair value of the Company’s term note was $927,943 as of October 30, 2022. The fair value of the Company’s debt is determined based on a discounted cash flow method, using a sector-specific yield curve based on market-derived, trade price data as of the measurement date, and is classified as a Level Two input within the fair value hierarchy.

The Company also measures certain

non-financial

assets (primarily property and equipment,

right-of-use

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

non-recurring

basis in connection with its periodic evaluations of such assets for potential impairment. During the second quarter of fiscal 2022, an impairment of $1,841 was recognized related to Main Event’s corporate headquarters lease, which was abandoned, and was included in “General and administrative expenses” in the Consolidated Statements of Comprehensive Income. During the first and third quarters of fiscal 2022, there were no impairments recognized.

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 notional amount of the swap agreements, which matured August 17, 2022, totaled $350,000 and the fixed rate of interest for all agreements was 2.47%. 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, the Company discontinued the hedging relationship as of April 14, 2020

(de-designation

date), and the Company reclassified the 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. Effective June 16, 2022, one of the three interest rate swap agreements was terminated before maturity. As of October 30, 2022, there is no remaining unamortized balance to be reclassified. Effective with the

de-designation,

any gain or loss on the derivatives was previously recognized in earnings in the period in which the change occurred. For the thirty-nine weeks ended October 30, 2022 and October 31, 2021, a gain of $679 and a loss of $92, respectively, were recognized, which are included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income.

The fair value of outstanding interest rate swap derivatives liability was $3,823 as of January 30, 2022, with no balance as of October 30, 2022 as the interest rate swap is no longer outstanding. The balance was previously included in “Accrued liabilities” in the Consolidated Balance Sheets. The following table summarizes the activity in accumulated other comprehensive loss related to our derivative instruments:


	Thirteen weeks ended						Thirty-nine weeks ended
	October 30, 2022			October 31, 2021			October 3 0 , 2022			October 31, 2021
Loss reclassified or amortized into interest expense	$	314		$	1,886		$	4,088		$	(5,660	)
Income tax effect	$	(86	)	$	(515	)	$	(1,117	)	$	1,546

Revenue recognition

— Amusement revenues are primarily recognized upon utilization of game play credits on 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. We have deferred a portion of amusement revenues for the estimated unfulfilled performance obligations based on an estimated rate of future use by customers of unused game play credits and the material right provided to customers to redeem tickets in the future for prizes. During the thirteen and thirty-nine weeks ended October 30, 2022, we recognized revenue of approximately $7,800 and $38,600, respectively, related to the amount in deferred amusement revenue as of the end of fiscal 2021 (or as of the Closing Date of the Acquisition).

In jurisdictions where we do not have a legal obligation to remit unredeemed gift card balances to a legal authority, we recognize revenue on unredeemed gift cards in proportion to the pattern of redemption by the customers. During the thirteen and thirty-nine weeks ended October 30, 2022, we recognized revenue of approximately $1,900 and $5,200 respectively, related to the amount in deferred gift card revenue as of the end of fiscal 2021 (or as of the Closing Date of the Acquisition), of which approximately $730 and $1,160, respectively, was breakage revenue.

Stockholders’ equity

— In our consolidated financial statements, the Company treats shares withheld for tax purposes on behalf of our employees in connection with the vesting of time-based and performance restricted stock units as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. During the thirty-nine weeks ended October 30, 2022 and October 31, 2021, respectively, we withheld 165,920 and 179,487 shares of common stock to satisfy $7,497 and $7,775 of employees’ tax obligations, respectively.

Earnings per share

— Basic net income (loss) per share is computed by dividing net income available to common shareholders by the basic weighted average number of common shares outstanding for the reporting period. Diluted net income 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 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 per share calculation. For the thirteen weeks ended October 30, 2022 and October 31, 2021, the Company excluded anti-dilutive awards from the calculation of approximately 322,284 and 236,279 respectively. For the thirty-nine weeks ended October 30, 2022, and October 31, 2021, the Company excluded anti-dilutive awards from the calculation of approximately 227,316 and 161,093, respectively. Basic weighted average shares outstanding are reconciled to diluted weighted average shares outstanding as follows:


	Thirteen weeks ended				Thirty-nine weeks ended
	October 30, 2022		October 31, 2021		October 30, 2022		October 31, 2021
Basic weighted average shares outstanding		48,256,090		48,277,358		48,556,001		48,050,558
Weighted average dilutive impact of awards		483,913		1,006,145		617,863		1,206,711
Diluted weighted average shares outstanding		48,740,003		49,283,503		49,173,864		49,257,269

Recent accounting pronouncements

— We reviewed the accounting pronouncements that became effective for our fiscal year 2022 and determined that either they were not applicable, or they did not have a material impact on the consolidated financial statements. We also reviewed the recently issued accounting pronouncements to be adopted in future periods and determined that they are not expected to have a material impact on the consolidated financial statements.

Business Combinations

9 Months Ended

Oct. 30, 2022

Business Combinations [Abstract]

Business Combinations

Note 2: Business Combinations

On June 29, 2022, the Company acquired Main Event for approximately $832,472 in net cash and contingent consideration. Dallas-based Main Event, which debuted in 1998, is also focused on food, drinks, and games, largely for the demographic target of families with young children. The acquisition is expected to put the Company in a strategic position for accelerated, profitable growth in both brands as well as create cost synergies with our Dave & Buster’s brand.

The Main Event Acquisition was made at a price above the determined fair value of the acquired identifiable net assets, resulting in goodwill, primarily due to expectations of the synergies that will be realized by combining the businesses and the benefits that will be gained from the assembled workforce. These synergies include the elimination of redundant facilities, functions, and staffing. None of the goodwill recorded from this business combination is expected to be tax deductible.

The acquisition has been accounted for using the acquisition method of accounting with assets acquired and liabilities assumed recorded at fair value, and the results of Main Event have been included in the accompanying financial statements from June 29, 2022, the date of acquisition. Acquisition transaction costs totaling approximately $12,800 were recorded in general and administrative expenses as incurred.

The following summarizes the purchase consideration paid, which consisted of cash consideration of $835,000 (adjusted for cash on hand, payment of certain Ardent US liabilities and other normal closing adjustments), resulting in gross cash consideration paid of $853,219.

The final cash consideration was subject to normal post-closing adjustments and was settled in the third quarter of 2022.

The components of the purchase price and net assets acquired in the Main Event Acquisition are as follows:


	Amount
Gross cash consideration	$	853,219
Contingent consideration (1)		13,794
Less: cash acquired		(34,541	)

Total consideration paid	$	832,472

Assets:
Current assets		16,820
Property and equipment		338,275
Operating lease right of use assets		282,742
Tradenames		99,200
Other assets and deferred charges		5,841
Liabilities:
Accounts payable		20,118
Current portion of operating lease liabilities		11,651
Accrued liabilities		41,977
Operating lease liabilities		321,074
Deferred tax liabilities		23,696
Other liabilities		6,273

Net assets acquired, excluding goodwill	$	318,089

Goodwill	$	514,383

(1)

The Company has an obligation to pay, in cash, an aggregate amount equal to any “Transaction Tax Benefits,” with respect to any taxable year of the Company after the Closing Date ending on or before December 31, 2028, including the current taxable year. Transaction Tax Benefits is generally defined as any reduction in the Company’s liabilities for U.S. federal and state income taxes due to the use of net operating losses generated prior to the Closing Date. The contingent consideration could range from $0 (if no Transaction Tax Benefits are achieved) to a cap, as defined in the Merger Agreement of approximately $14,600 (undiscounted) and will be paid to the selling shareholders in cash. The contingent consideration was initially valued based on the present value of the maximum amount provided in the Merger Agreement pending completion of the valuation analysis.

The preliminary allocation of the purchase price for the Acquisition was based on estimates of the fair value of the net assets acquired and are subject to adjustment for up to one year upon finalization, largely with respect to acquired property and equipment; lease assets and liabilities; deferred taxes; and contingent consideration. Measurements of these items inherently require significant estimates and assumptions considered to be Level Three fair value estimates.

The fair values of property and equipment were determined using a cost approach that utilized the Replacement Cost New methodology. Key inputs and assumptions include current cost estimates, functional and economic obsolescence. The fair values of the real estate leases were determined using a market approach that utilized the Above-Below Regression methodology. Key inputs and assumptions include mean rental rates (based on metrics such as rent/revenue and operating cash flow/revenue) and discount rate. The fair value of the tradename was determined using an income approach that utilized the Relief from Royalty methodology. Key inputs and assumptions include the Company’s projected future EBITDA, royalty rates, discount rate, and long-term growth rate.

The preliminary fair values of acquisition-related intangible assets are as follows:


	Amount			Useful Life(Yrs)
Favorable/(unfavorable) lease contracts, net	$	(2,866	)		5-10
Tradenames		99,200			Indefinite

Total acquisition-related intangible assets	$	96,334

Taxes

–

The preliminary allocation of the purchase price consideration is based on preliminary valuations performed to determine the fair value of the net assets as of the Closing Date. The Company has conducted a preliminary assessment of the valuations and has recognized provisional deferred income tax amounts in its preliminary allocation for the identified assets and liabilities. However, the Company is continuing its procedures to identify information pertaining to these matters during the measurement period. If new information is obtained about facts and circumstances that existed at the Closing Date, the Company will either adjust its measurement of provisional deferred income tax amounts or recognize and measure assets and liabilities not previously identified.

Unaudited Pro Forma Information

To reflect the Acquisition as if it had occurred on February 1, 2021, the unaudited pro forma results include adjustments to reflect, among other things, the interest expense from debt financings obtained to partially fund the cash consideration transferred. Pro forma adjustments were tax effected at the Company’s historical statutory rates in effect for the respective periods. The unaudited pro forma amounts are not necessarily indicative of the combined results of operations that would have been realized had the acquisitions and related financings occurred on the aforementioned dates, nor are they meant to be indicative of any anticipated combined results of operations that the Company will experience after the transaction. In addition, the amounts do not include any adjustments for actions that may be taken following the completion of the transaction, such as expected cost savings, operating synergies, or revenue enhancements that may be realized subsequent to the transaction.

The following unaudited pro forma information provides the effect of the Main Event Acquisition as if the acquisition had occurred on February 1, 2021:


	Thirteen Weeks Ended			Thirty-Nine Weeks Ended
	October 31, 2021			10/30/2022		10/31/2021
Revenues	$	398,912		$	1,601,279	$	1,240,263
Net income	$	(7,395	)	$	86,740	$	62,313

Main Event’s revenues attributable to the Company in the thirteen and thirty-nine weeks ended October 30, 2022, subsequent to the acquisition date, were $106,803 and $158,208, respectively. Main Event’s net income attributable to the Company in the thirteen and thirty-nine weeks ended October 30, 2022, subsequent to the acquisition date, were $780 and $6,448, respectively.

The historical consolidated financial information of the Company and Main Event has been adjusted in the pro forma information to give effect to pro forma events that are directly attributable to the acquisition and related financing arrangements and are factually supportable.

Goodwill and Intangible Assets, Net

9 Months Ended

Oct. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Note 3: Goodwill and Intangible Assets, Net

Goodwill

— Goodwill is evaluated at the reporting unit level. Goodwill is not subject to amortization and is evaluated for impairment annually or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value below carrying amount. Such events or circumstances generally include the occurrence of operating losses or a significant decline in earnings. The Company is permitted to first assess qualitative factors to determine whether the quantitative goodwill impairment test is necessary. If the qualitative assessment results in a determination that the fair value is more likely than not less than carrying amount, the Company performs a quantitative goodwill impairment test. The Company may bypass the qualitative assessment in any period and proceed directly to the goodwill impairment test. The Company estimates fair value by using forecasts of discounted future cash flows and peer market multiples. The Company would record an impairment charge based on the excess of the carrying amount over fair value (limited to the amount of goodwill). The Company determined that no impairments existed in periods reflected. The carrying amount of goodwill is impacted by foreign currency translation adjustments.

The changes in the carrying amount of goodwill during fiscal 2022 and fiscal 2021 are as follows:


Balance at January 31, 2021	$	272,597
Currency adjustment		—
Balance at January 30, 2022		272,597
Currency adjustment		68
Acquisition of Main Event		514,383

Balance at October 30, 2022	$	787,048

Intangible assets

— Intangible assets consist of favorable and unfavorable lease contracts and tradenames. Favorable and unfavorable lease contracts with definite lives are being amortized using the straight-line method over their estimated useful lives, which range up to 10 years. The Company reviews these intangible assets for impairment when indication of potential impairment

exists, such as a significant reduction in cash flows associated with the assets. When impairment indicators exist, the Company determines whether the carrying value of its intangible assets exceeds the related undiscounted cash flows. In these situations, the carrying value is written down to fair value.

Tradenames with indefinite lives are not amortized and are reviewed for impairment annually or whenever events or changes in circumstances indicate they may be impaired. The Company may perform an optional qualitative assessment. If the Company determines that the fair value of the indefinite-lived intangible asset is more likely than not greater than its carrying amount, no additional testing is necessary. If not, or if the Company bypasses the optional qualitative assessment, the carrying value is written down to the fair value, if applicable.

The net carrying amount of intangibles are as follows:


	October 30, 2022								January 30, 2022
	Gross Amount			Accumulated Amortization		Net Amount			Gross Amount		Accumulated Amortization		Net Amount
Favorable/unfavorable lease contracts, net	$	(2,866	)	$	212	$	(2,654	)	$	—	$	—	$	—
Tradenames (indefinite lived)	$	178,200			N/A		N/A		$	79,000		N/A		N/A

The following table summarizes the estimated amortization of our net unfavorable lease contracts as of October 30, 2022:


Remainder of 2022	$	159
2023	$	636
2024	$	636
2025	$	636
2026	$	636
Thereafter	$	49

Accrued Liabilities

9 Months Ended

Oct. 30, 2022

Other Liabilities Disclosure [Abstract]

Accrued Liabilities

Note 4: Accrued Liabilities

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


	October 30, 2022		January 30, 2022
Deferred amusement revenue	$	108,417	$	92,961
Current portion of operating lease liabilities, net (1)		59,682		45,445
Compensation and benefits		47,939		27,447
Deferred gift card revenue		15,394		11,855
Property taxes		16,438		6,450
Occupancy costs		11,690		20,575
Accrued interest		22,998		8,629
Sales and use taxes		9,800		4,465
Customer deposits		14,137		3,471
Utilities		7,189		5,262
Current portion of long-term insurance		6,700		5,700
Other		18,870		16,233

Total accrued liabilities	$	339,254	$	248,493

(1)	The balance of leasehold incentive receivables of $11,274 and $10,064 as of October 30, 2022 and January 30, 2022, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Leases

9 Months Ended

Oct. 30, 2022

Leases

Leases

Note 5: Leases

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

During fiscal

2020 and the first half of fiscal 2021, the Company entered into rent relief agreements with our respective landlords. The Company elected to apply an available practical expedient to account for lease concessions and deferrals resulting directly from the

COVID-19

pandemic as though the enforceable rights and obligations to the deferrals existed in the respective contracts at lease inception and not account for the concessions as lease modifications unless the concession results in a substantial increase in the Company’s obligations. The majority of 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. The current portion of deferred occupancy costs is included in “Accrued liabilities” and the balance, or $3,994

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

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

“Pre-opening

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

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


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	10/30/2022		10/31/2021		10/30/2022		10/31/2021
Operating lease cost	$	46,107	$	33,915	$	119,713	$	100,506
Variable lease cost		9,328		7,862		28,198		22,492
Short-term lease cost		460		121		772		431

Future minimum lease payments on operating lease liabilities were as follows as of October 30, 2022, by fiscal year:


Remainder of 2022	$	35,717
2023		191,775
2024		192,162
2025		193,349
2026		194,597
Thereafter		1,799,995

Total future operating lease liability	$	2,607,595
Less: interest		(952,729	)

Present value of operating lease liabilities	$	1,654,866

Operating lease payments in the table above includes minimum lease payments for future sites for which the leases have commenced. Operating lease payments exclude approximately $207,000 of minimum lease payments for twelve executed f

ility leases which have not yet commenced.

Debt

9 Months Ended

Oct. 30, 2022

Debt Disclosure [Abstract]

Debt

Note 6: Debt

Long-term debt consists of the following:


	October 30, 2022			January 30, 2022
Senior secured notes	$	440,000		$	440,000
Term loan		850,000			—

Total debt outstanding		1,290,000			440,000
Current portion		(8,500	)		—
Original issue discount on term loan		(40,456	)		—
Debt issuance costs		(18,836	)		(8,605	)

Long-term debt	$	1,222,208		$	431,395

During fiscal 2020, the Company issued $550,000 aggregate principal amount of 7.625% senior secured notes (the “Notes”). Interest on the Notes is payable in arrears on November 1 and May 1 of each year. The Notes mature on November 1, 2025, unless earlier redeemed, and are subject to the terms and conditions set forth in the related indenture. The Notes were issued by D&B Inc and are unconditionally guaranteed by D&B Holdings and certain of D&B Inc’s existing and future wholly owned material domestic subsidiaries. During fiscal 2021, the Company redeemed a total of $110,000 outstanding principal amount of the Notes, and paid prepayment premiums of $3,300, plus accrued and unpaid interest to the date of redemptions. The early redemptions of the Notes resulted in a loss on extinguishment of approximately $2,300 related to a proportional amount of unamortized issuance costs. Beginning October 27, 2022, the Company may elect to further redeem the Notes, in whole or in part, at certain specified redemption prices, plus accrued and unpaid interest, at the redemption date.

connection with the closing of the Main Event Acquisition on June 29, 2022, D&B Inc entered into a senior secured credit agreement, which refinanced the $500,000 existing revolving facility, extended the maturity date to June 29, 2027, and added a new term loan facility in the aggregate principal amount of $850,000, with a maturity date of June 29, 2029 (“Credit Facility”). The proceeds of the term loan, net of an original issue discount of $42,500, were used to pay the consideration for the Acquisition. The revolving credit facility can expire before the stated maturity date if the aggregate outstanding principal amount of the Notes exceeds $100,000

ninety-one

days prior to November 1, 2025. A portion of the revolving facility not to exceed $35,000 is available for the issuance of letters of credit. At the end of the third quarter of fiscal 2022, we had letters of credit outstanding of $8,905 and an unused commitment balance of $491,095 under the revolving facility. The Credit Facility may be increased through incremental facilities, by an amount equal to the greater of (i) $400,000 and (ii) 0.75 times trailing twelve-month Adjusted EBITDA, as defined, plus additional amounts subject to compliance with applicable leverage ratio and/or interest coverage ratio requirements. The Credit Facility is unconditionally guaranteed by D&B Holdings and certain of D&B Inc’s existing and future wholly owned material domestic subsidiaries.

The interest rates per annum applicable to SOFR term loans are based on a defined SOFR rate (with a floor of 0.50%) plus an additional credit spread adjustment of 0.10%, plus a margin of 5.00%. The interest rates per annum applicable to SOFR revolving loans are based on the term loan SOFR rate, plus an additional credit spread adjustment of 0.10%, plus an initial margin of 4.75%. Unused commitments under the revolving facility incur initial commitment fees of 0.50%. After the Company’s third quarter of fiscal 2022, the margin for SOFR revolving loans are subject to a pricing grid based on net total leverage, ranging from 4.25% to 4.75%, and commitment fees are subject to a pricing grid based on net total leverage, ranging from 0.30% to 0.50%.

Amortization of debt issuance costs and original issue discount was $2,882 and $5,477 for the thirteen and thirty-nine weeks ended October 30, 2022, and $1,070 and $3,275

for the thirteen and thirty-nine weeks ended October 31, 2021, respectively, and is included in “Interest expense, net” in the Consolidated Statements of Comprehensive Income. For the thirty-nine weeks ended October 30, 2022, and October 31, 2021, the Company’s weighted average effective interest rate on our total debt facilities (before capitalized interest amounts)

was 9.5% and 10.3%, respectively. During the second quarter of fiscal 2022, the Company recognized a loss of $1,479, related to the write off of unamortized debt issuance costs associated with exiting creditors of the refinanced revolving facility.

Our

debt

agreements 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. The Credit Facility also requires the Company to maintain a maximum net total leverage ratio, as defined, as of the end of each fiscal quarter, beginning with the Company’s first full fiscal quarter after the Closing Date. We were in compliance with our covenants and the terms of our debt agreements

of October 30, 2022.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Oct. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7: 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’s assessments of potential liabilities associated with these claims 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 these cases.

Share-Based Compensation

9 Months Ended

Oct. 30, 2022

Share-based Payment Arrangement [Abstract]

Share-Based Compensation

Note 8: Share-Based Compensation

Our compensation expense related to share-based compensation was as follows:


	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	October 30, 2022		October 31, 2021		October 30, 2022		October 31, 2021
General and administrative expenses	$	3,228	$	3,778	$	11,481	$	9,936

Our share-based compensation award activity during the thirty-nine weeks ended October 30, 2022 were as follows:


($ in 000s)	Options			Restricted Stock Units			Total
Outstanding at January 30, 2022		1,006,933			922,799			1,929,732
Granted		513,420			1,640,283			2,153,703
Exercised		(175,699	)		—			(175,699	)
Performance adjusted units		n/a			45,712			45,712
RSU vestings		n/a			(541,476	)		(541,476	)
Forfeited		(26,166	)		(127,626	)		(153,792	)

Outstanding at October 30, 2022		1,318,488			1,939,692			3,258,180

Remaining unrecognized compensation expense	$	9,363		$	51,145		$	60,508

Fair value of our time-based and performance-based restricted stock units is based on our closing stock price on the date of grant. The grant date fair value of stock options was determined using the Black-Scholes option valuation model. The grant date fair value of performance-based awards with market conditions was determined using the Monte Carlo valuation model. The unrecognized expense will all be substantially recognized through the end of fiscal 2025.

During the second quarter of fiscal 2022, the Company granted certain options, time-based, performance-based, and market-based restricted stock units to the newly appointed chief executive officer. The majority of these grants vest over

five years

, but the market-based restricted stock units can vest earlier if the targets are achieved prior to that time. As a result, the requisite service period for such grants was determined to be less than the explicit service period.

During the third quarter of fiscal 2022, the Company granted certain options, time-based, performance-based, and market-based restricted stock units to its executive officers and other senior executives. The fair value of these grants was approximately $

27,500

and the majority of these awards will vest over five years, but the market-based restricted stock units can vest earlier if the targets are achieved prior to that time. As a result, the requisite service period for such grants was determined to be less than the explicit service period.

During the thirty-nine weeks ended October 30, 2022 and October 31, 2021, excess tax expense (benefit) of $(2,108) and $(6,034), respectively, were recognized in the “Provision for income taxes” in the Consolidated Statement of Comprehensive Income and classified as a source in operating activities in the Consolidated Statement of Cash Flows.

Income Taxes	9 Months Ended
Income Taxes	Oct. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 9: Income Taxes The effective tax rate for the thirty-nine weeks ended October 30, 2022, was 22.8%, compared to 13.4% for the thirty-nine weeks ended October 31, 2021. The previous year tax provision includes higher excess tax benefits associated with share-based compensation and credits associated with the reversal of certain tax valuation allowances. 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, of which approximately $33,200 were received during the first quarter of fiscal 2022.

- 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 https://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 https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://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 https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-URI https://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
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-Paragraph 1
-URI https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Oct. 30, 2022

Accounting Policies [Abstract]

Description of the business

Co-Invest,

LP. Refer to Note 2,

Business Combinations

, for further details.

The Company operates its business as two operating units aggregated into one reportable segment. The Company operates on a 52 or

53-week

10-K

as filed with the SEC.

Use of estimates

Cash and cash equivalents

Fair value of financial instruments

was

The Company also measures certain

non-financial

assets (primarily property and equipment,

right-of-use

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

non-recurring

Interest rate swaps

(de-designation

date), and the Company reclassified the accumulated other comprehensive loss of $17,609 as of the

de-designation

de-designation,


	Thirteen weeks ended						Thirty-nine weeks ended
	October 30, 2022			October 31, 2021			October 3 0 , 2022			October 31, 2021
Loss reclassified or amortized into interest expense	$	314		$	1,886		$	4,088		$	(5,660	)
Income tax effect	$	(86	)	$	(515	)	$	(1,117	)	$	1,546

Revenue recognition

Stockholders' equity

Stockholders’ equity

Earnings per share


	Thirteen weeks ended				Thirty-nine weeks ended
	October 30, 2022		October 31, 2021		October 30, 2022		October 31, 2021
Basic weighted average shares outstanding		48,256,090		48,277,358		48,556,001		48,050,558
Weighted average dilutive impact of awards		483,913		1,006,145		617,863		1,206,711
Diluted weighted average shares outstanding		48,740,003		49,283,503		49,173,864		49,257,269

Recent accounting pronouncements

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Oct. 30, 2022

Accounting Policies [Abstract]

Summarizes the Activity in Accumulated Other Comprehensive Loss

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


	Thirteen weeks ended						Thirty-nine weeks ended
	October 30, 2022			October 31, 2021			October 3 0 , 2022			October 31, 2021
Loss reclassified or amortized into interest expense	$	314		$	1,886		$	4,088		$	(5,660	)
Income tax effect	$	(86	)	$	(515	)	$	(1,117	)	$	1,546

Summary of Calculation of Basic and Diluted Earnings Per Share

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


	Thirteen weeks ended				Thirty-nine weeks ended
	October 30, 2022		October 31, 2021		October 30, 2022		October 31, 2021
Basic weighted average shares outstanding		48,256,090		48,277,358		48,556,001		48,050,558
Weighted average dilutive impact of awards		483,913		1,006,145		617,863		1,206,711
Diluted weighted average shares outstanding		48,740,003		49,283,503		49,173,864		49,257,269

Business Combinations (Tables)

9 Months Ended

Oct. 30, 2022

Business Combinations [Abstract]

Summary of Purchase Price and Net Assets Acquired in the Acquisition

The components of the purchase price and net assets acquired in the Main Event Acquisition are as follows:


	Amount
Gross cash consideration	$	853,219
Contingent consideration (1)		13,794
Less: cash acquired		(34,541	)

Total consideration paid	$	832,472

Assets:
Current assets		16,820
Property and equipment		338,275
Operating lease right of use assets		282,742
Tradenames		99,200
Other assets and deferred charges		5,841
Liabilities:
Accounts payable		20,118
Current portion of operating lease liabilities		11,651
Accrued liabilities		41,977
Operating lease liabilities		321,074
Deferred tax liabilities		23,696
Other liabilities		6,273

Net assets acquired, excluding goodwill	$	318,089

Goodwill	$	514,383

(1)

Summary of Acquisition-related Intangible

The preliminary fair values of acquisition-related intangible assets are as follows:


	Amount			Useful Life(Yrs)
Favorable/(unfavorable) lease contracts, net	$	(2,866	)		5-10
Tradenames		99,200			Indefinite

Total acquisition-related intangible assets	$	96,334

Summary of Unaudited Pro Forma Information Provides the Effect of the Main Event Acquisition

The following unaudited pro forma information provides the effect of the Main Event Acquisition as if the acquisition had occurred on February 1, 2021:


	Thirteen Weeks Ended			Thirty-Nine Weeks Ended
	October 31, 2021			10/30/2022		10/31/2021
Revenues	$	398,912		$	1,601,279	$	1,240,263
Net income	$	(7,395	)	$	86,740	$	62,313

Goodwill and Intangible Assets, Net (Tables)

9 Months Ended

Oct. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

The changes in the carrying amount of goodwill during fiscal 2022 and fiscal 2021 are as follows:


Balance at January 31, 2021	$	272,597
Currency adjustment		—
Balance at January 30, 2022		272,597
Currency adjustment		68
Acquisition of Main Event		514,383

Balance at October 30, 2022	$	787,048

Schedule of Intangible Assets and Goodwill

The net carrying amount of intangibles are as follows:


	October 30, 2022								January 30, 2022
	Gross Amount			Accumulated Amortization		Net Amount			Gross Amount		Accumulated Amortization		Net Amount
Favorable/unfavorable lease contracts, net	$	(2,866	)	$	212	$	(2,654	)	$	—	$	—	$	—
Tradenames (indefinite lived)	$	178,200			N/A		N/A		$	79,000		N/A		N/A

Summary of Estimated Amortization

The following table summarizes the estimated amortization of our net unfavorable lease contracts as of October 30, 2022:


Remainder of 2022	$	159
2023	$	636
2024	$	636
2025	$	636
2026	$	636
Thereafter	$	49

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

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+ Details

Accrued Liabilities (Tables)

9 Months Ended

Oct. 30, 2022

Text Block [Abstract]

Accrued Liabilities

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


	October 30, 2022		January 30, 2022
Deferred amusement revenue	$	108,417	$	92,961
Current portion of operating lease liabilities, net (1)		59,682		45,445
Compensation and benefits		47,939		27,447
Deferred gift card revenue		15,394		11,855
Property taxes		16,438		6,450
Occupancy costs		11,690		20,575
Accrued interest		22,998		8,629
Sales and use taxes		9,800		4,465
Customer deposits		14,137		3,471
Utilities		7,189		5,262
Current portion of long-term insurance		6,700		5,700
Other		18,870		16,233

Total accrued liabilities	$	339,254	$	248,493

(1)	The balance of leasehold incentive receivables of $11,274 and $10,064 as of October 30, 2022 and January 30, 2022, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Leases (Tables)

9 Months Ended

Oct. 30, 2022

Summary of Components of Lease Expense

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


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	10/30/2022		10/31/2021		10/30/2022		10/31/2021
Operating lease cost	$	46,107	$	33,915	$	119,713	$	100,506
Variable lease cost		9,328		7,862		28,198		22,492
Short-term lease cost		460		121		772		431

Summary of Minimum Future Maturities of Operating Lease Liabilities

Future minimum lease payments on operating lease liabilities were as follows as of October 30, 2022, by fiscal year:


Remainder of 2022	$	35,717
2023		191,775
2024		192,162
2025		193,349
2026		194,597
Thereafter		1,799,995

Total future operating lease liability	$	2,607,595
Less: interest		(952,729	)

Present value of operating lease liabilities	$	1,654,866

Debt (Tables)

9 Months Ended

Oct. 30, 2022

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consists of the following:


	October 30, 2022			January 30, 2022
Senior secured notes	$	440,000		$	440,000
Term loan		850,000			—

Total debt outstanding		1,290,000			440,000
Current portion		(8,500	)		—
Original issue discount on term loan		(40,456	)		—
Debt issuance costs		(18,836	)		(8,605	)

Long-term debt	$	1,222,208		$	431,395

Share-Based Compensation (Tables)

9 Months Ended

Oct. 30, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangement

Our compensation expense related to share-based compensation was as follows:


	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	October 30, 2022		October 31, 2021		October 30, 2022		October 31, 2021
General and administrative expenses	$	3,228	$	3,778	$	11,481	$	9,936

Our share-based compensation award activity during the thirty-nine weeks ended October 30, 2022 were as follows:


($ in 000s)	Options			Restricted Stock Units			Total
Outstanding at January 30, 2022		1,006,933			922,799			1,929,732
Granted		513,420			1,640,283			2,153,703
Exercised		(175,699	)		—			(175,699	)
Performance adjusted units		n/a			45,712			45,712
RSU vestings		n/a			(541,476	)		(541,476	)
Forfeited		(26,166	)		(127,626	)		(153,792	)

Outstanding at October 30, 2022		1,318,488			1,939,692			3,258,180

Remaining unrecognized compensation expense	$	9,363		$	51,145		$	60,508

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands		3 Months Ended				9 Months Ended
	Apr. 14, 2020 USD ($)	Oct. 30, 2022 USD ($) Stores States Province shares	Jul. 31, 2022 USD ($)	May 01, 2022 USD ($)	Oct. 31, 2021 shares	Oct. 30, 2022 USD ($) Stores States Province Segment shares	Oct. 31, 2021 USD ($) shares	Jun. 29, 2022	Jan. 30, 2022 USD ($)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores		151				151
Number of states store operates \| States		41				41
Number of operating segment \| Segment						2
Number of reportable segment \| Segment						1
Book overdrafts reclassified to accounts payable		$ 0				$ 0			$ 16,673
Shares Paid for Tax Withholding for Share Based Compensation \| shares						165,920	179,487
Payments Related to Tax Withholding for Share-based Compensation						$ 7,497	$ 7,775
National amount of the swap agreement		$ 350,000				$ 350,000
Derivative, Average Fixed Interest Rate		2.47%				2.47%
Notes payable, fair value		$ 446,329				$ 446,329			456,204
Weighted average anti-dilutive options excluded from calculation of common equivalent shares \| shares		322,284			236,279	227,316	161,093
Interest rate swap derivative liability		$ 0				$ 0			$ 3,823
Impairments of long lived assets		0	$ 1,841	$ 0		1,841	$ 0
Term Note [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Notes payable, fair value		$ 927,943				$ 927,943
Main Event [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores		49				49
The Summit [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores		3				3
Ardent [Member] \| Main Event [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Business acquisition, percentage of voting interests acquired								100.00%
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						$ 0
Loss on Derivative						$ 679	$ (92)
Dave And Busters Holdings Inc [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock owned		100.00%				100.00%
Canada [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of Canadian province \| Province		1				1
South Dakota [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores \| Stores		7				7
Amusement Revenue [Member] \| Other Comprehensive Income (Loss) [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue		$ 7,800				$ 38,600
Gift Card Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue		1,900				5,200
Gift card breakage revenue		$ 730				$ 1,160

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2022	Oct. 31, 2021	Oct. 30, 2022	Oct. 31, 2021
Loss reclassified or amortized into interest expense	$ 314	$ 1,886	$ 4,088	$ (5,660)
Income tax effect	$ (86)	$ (515)	$ (1,117)	$ 1,546

Summary of Significant Accounting Policies - Summary of Calculation of Basic and Diluted Earnings Per Share (Detail) - shares	3 Months Ended		9 Months Ended
	Oct. 30, 2022	Oct. 31, 2021	Oct. 30, 2022	Oct. 31, 2021
Earnings Per Share [Abstract]
Basic weighted average shares outstanding	48,256,090	48,277,358	48,556,001	48,050,558
Weighted average dilutive impact of awards	483,913	1,006,145	617,863	1,206,711
Diluted weighted average shares outstanding	48,740,003	49,283,503	49,173,864	49,257,269

Business Combinations - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	Jun. 29, 2022	Oct. 30, 2022	Oct. 30, 2022
Business combination transaction costs	$ 12,800
Payments to acquire business gross before adjustments	835,000
Business Combination Transaction Costs Restructuring And Debt Issuance Costs		$ 106,803	$ 158,208
Decrease in the proforma net income attributable to the company		$ 780	$ 6,448
Gross cash consideration	853,219
Main Event [Member]
Business combination aggregate consideration	832,472
Gross cash consideration	$ 853,219

Business Combinations - Summary of Purchase Price and Net Assets Acquired in the Acquisition (Detail) - USD ($)
$ in Thousands

Jun. 29, 2022

Oct. 30, 2022

Jan. 30, 2022

Jan. 31, 2021

Business Acquisition [Line Items]

Gross cash consideration

$ 853,219

Liabilities:

Goodwill

$ 787,048

$ 272,597

Main Event [Member]

Business Acquisition [Line Items]

Gross cash consideration

853,219

Contingent consideration

^[1]

13,794

Less: cash acquired

(34,541)

Total consideration paid

832,472

Assets:

Current assets

16,820

Property and equipment

338,275

Operating lease right of use assets

282,742

Tradenames

99,200

Other assets and deferred charges

5,841

Liabilities:

Accounts payable

20,118

Current portion of operating lease liabilities

11,651

Accrued liabilities

41,977

Operating lease liabilities

321,074

Deferred tax liabilities

23,696

Other liabilities

6,273

Net assets acquired, excluding goodwill

318,089

Goodwill

$ 514,383

[1]

The Company has an obligation to pay, in cash, an aggregate amount equal to any “Transaction Tax Benefits,” with respect to any taxable year of the Company after the Closing Date ending on or before December 31, 2028, including the current taxable year. Transaction Tax Benefits is generally defined as any reduction in the Company’s liabilities for U.S. federal and state income taxes due to the use of net operating losses generated prior to the Closing Date. The contingent consideration could range from $0 (if no Transaction Tax Benefits are achieved) to a cap, as defined in the Merger Agreement of approximately $14,400 (undiscounted) and will be paid to the selling shareholders in cash. The contingent consideration was initially valued based on the present value of the maximum amount provided in the Merger Agreement pending completion of the valuation analysis.

Business Combinations - Summary of Purchase Price and Net Assets Acquired in the Acquisition (Parenthetical) (Detail) - Main Event [Member] $ in Thousands	Jun. 29, 2022 USD ($)
Transaction tax benefits	$ 0
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low	0
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	$ 14,600

Business Combinations - Summary of Acquisition-related Intangible (Detail) $ in Thousands	9 Months Ended
	Oct. 30, 2022 USD ($)
Disclosure In Tabular Form Of Finite And Indefinite Lived Intangible Assets Acquired In a Business Combination [Line Items]
Favorable/(unfavorable) lease contracts, net	$ (2,866)
Tradenames	99,200
Total acquisition-related intangible assets	$ 96,334
Maximum [Member]
Disclosure In Tabular Form Of Finite And Indefinite Lived Intangible Assets Acquired In a Business Combination [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Minimum [Member]
Disclosure In Tabular Form Of Finite And Indefinite Lived Intangible Assets Acquired In a Business Combination [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years

Business Combinations - Summary of Unaudited Pro Forma Information Provides the Effect of the Acquisition of Main Event (Detail) - Main Event [Member] - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 31, 2021	Oct. 30, 2022	Oct. 31, 2021
Business Acquisition Proforma Information [Line Items]
Revenues	$ 398,912	$ 1,601,279	$ 1,240,263
Net income	$ (7,395)	$ 86,740	$ 62,313

Goodwill and Intangible Assets, Net - Schedule of Goodwill (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 30, 2022	Jan. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance	$ 272,597	$ 272,597
Currency adjustment	68	0
Acquisition of Main Event	514,383
Ending Balance	$ 787,048	$ 272,597

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Goodwill and Intangible Assets, Net - Net Carrying Amount of Acquisition-Related Intangibles (Detail) - USD ($) $ in Thousands	Oct. 30, 2022	Jan. 30, 2022
Net Carrying Amount Of Acquisition Related Intangible [Line Items]
Finite-Lived Intangible Assets, Gross	$ 178,200	$ 79,000
Lease Agreements [Member]
Net Carrying Amount Of Acquisition Related Intangible [Line Items]
Finite-Lived Intangible Assets, Gross	(2,866)
Finite-Lived Intangible Assets, Net Amount	(2,654)
Finite-Lived Intangible Assets, Accumulated Amortization	212
Trade Names [Member]
Net Carrying Amount Of Acquisition Related Intangible [Line Items]
Finite-Lived Intangible Assets, Gross	$ 178,200	$ 79,000

Goodwill and Intangible Assets, Net - Summarizes The Estimated Amortization of Our Net Unfavorable Lease Contracts (Details) $ in Thousands	Oct. 30, 2022 USD ($)
Net Carrying Amount Of Acquisition Related Intangible [Line Items]
Remainder of 2022	$ 159
2023	636
2024	636
2025	636
2026	636
Thereafter	$ 49

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($)
$ in Thousands

Oct. 30, 2022

Jan. 30, 2022

Deferred amusement revenue

$ 108,417

$ 92,961

Current portion of operating lease liabilities, net

^[1]

59,682

45,445

Compensation and benefits

47,939

27,447

Deferred gift card revenue

15,394

11,855

Property taxes

16,438

6,450

Occupancy costs

11,690

20,575

Accrued interest

22,998

8,629

Sales and use taxes

9,800

4,465

Customer deposits

14,137

3,471

Utilities

7,189

5,262

Current portion of long-term insurance

6,700

5,700

Other

18,870

16,233

Total accrued liabilities

$ 339,254

$ 248,493

Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]

Total accrued liabilities

[1]	The balance of leasehold incentive receivables of $11,274 and $10,064 as of October 30, 2022 and January 30, 2022, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Accrued Liabilities - Accrued Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	Oct. 30, 2022	Jan. 30, 2022
Accrued Liabilities, Current [Abstract]
Receivables for tenant improvement allowances	$ 11,274	$ 10,064

Leases - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 30, 2022	Jan. 30, 2022
Future minimum rent operating leases not yet commenced	$ 207,000
Other Liabilities [Member]
Deferred occupancy costs	$ 3,994	$ 8,434

Leases - Summary of Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2022	Oct. 31, 2021	Oct. 30, 2022	Oct. 31, 2021
Leases
Operating lease cost	$ 46,107	$ 33,915	$ 119,713	$ 100,506
Variable lease cost	9,328	7,862	28,198	22,492
Short-term lease cost	$ 460	$ 121	$ 772	$ 431

Leases - Summary of Minimum Future Maturities of Operating Lease Liabilities (Detail) $ in Thousands	Oct. 30, 2022 USD ($)
Leases
Remainder of 2022	$ 35,717
2023	191,775
2024	192,162
2025	193,349
2026	194,597
Therafter	1,799,995
Total future operating lease liability	2,607,595
Less: interest	(952,729)
Present value of operating lease liabilities	$ 1,654,866

Debt - Additional Information (Detail) $ in Thousands				3 Months Ended		9 Months Ended
Debt - Additional Information (Detail) $ in Thousands	Oct. 31, 2022	Jun. 29, 2022 USD ($)	Oct. 27, 2020 USD ($)	Oct. 30, 2022 USD ($)	Oct. 31, 2021 USD ($)	Oct. 30, 2022 USD ($)	Oct. 31, 2021 USD ($)
Debt Instrument [Line Items]
Debt instrument floor rate				0.50%		0.50%
Credit spread adjustment		0.001
Weighted average interest rate on outstanding borrowings				9.50%	10.30%	9.50%	10.30%
Amortization of debt issuance costs				$ 2,882	$ 1,070	$ 5,477	$ 3,275
Senior Notes [Member]
Debt Instrument [Line Items]
Senior secured credit facility			$ 550,000
Maturity date		Nov. 01, 2025	Nov. 01, 2025
Weighted average interest rate on outstanding borrowings			7.625%
Write off of Deferred Debt Issuance Cost						2,300
Frequency of periodic interest payment			November 1 and May 1 of each year
Early Repayment of Senior Debt						110,000
Payment of debt extinguishment costs						$ 3,300
Term Loan Facility [Member]
Debt Instrument [Line Items]
Senior secured credit facility		$ 850,000
Maturity date		Jun. 29, 2029
Original issue discount		$ 42,500
Debt Instrument, additional credit spread adjustment						5.00%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity		$ 500,000
Line of credit facility, maturity date		Jun. 29, 2027
Line of credit facility, maximum amount outstanding during period		$ 35,000
Letter of credit facility outstanding				8,905		$ 8,905
Borrowing available				491,095		$ 491,095
Write off of Deferred Debt Issuance Cost				1,479
Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment	4.25%
Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment	4.75%
Revolving Credit Facility [Member] \| Commitment Fees [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.30%
Revolving Credit Facility [Member] \| Commitment Fees [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.50%
Revolving Credit Facility [Member] \| Initial Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment						4.75%
Line of credit facility, unused capacity, commitment fee percentage	0.50%
Revolving Credit Facility [Member] \| Springing Maturity Date [Member]
Debt Instrument [Line Items]
Long term debt, gross		$ 100,000
Date of outstanding debt prior to maturity date		91 days
Credit Facility [Member] \| Increase of Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount to increase revolving credit facility				$ 400,000		$ 400,000
EBITDA multiplier to increase revolving credit facility				0.75		0.75

Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Oct. 30, 2022	Jan. 30, 2022
Debt Instrument [Line Items]
Total debt outstanding	$ 1,290,000	$ 440,000
Current portion	(8,500)	0
Original issue discount on term loan	(40,456)
Debt issuance costs	(18,836)	(8,605)
Long-term debt	1,222,208	431,395
Senior Secured Debt [Member]
Debt Instrument [Line Items]
Total debt outstanding	440,000	$ 440,000
Term Loan [Member]
Debt Instrument [Line Items]
Total debt outstanding	$ 850,000

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Jul. 30, 2022	Oct. 30, 2022	Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess income tax benefit related to stock-based compensation plans		$ (2,108)	$ (6,034)
Share options vested in period fair value		$ 27,500
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years	5 years

Share-Based Compensation - Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2022	Oct. 31, 2021	Oct. 30, 2022	Oct. 31, 2021
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation			$ 11,481	$ 9,936
General and Administrative Expense [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	$ 3,228	$ 3,778	$ 11,481	$ 9,936

Share-Based Compensation - Transactions Related to Stock Option Awards (Detail) - 2014 Stock Incentive Plan [Member] $ in Thousands	9 Months Ended
	Oct. 30, 2022 USD ($) shares
Number of Options
Options outstanding at January 30, 2022	1,929,732
Granted	2,153,703
Exercised	(175,699)
Performance adjusted units	45,712
RSU vestings	(541,476)
Forfeited	(153,792)
Options outstanding at October 30, 2022	3,258,180
Remaining unrecognized compensation expense \| $	$ 60,508
Employee Stock Option [Member]
Number of Options
Options outstanding at January 30, 2022	1,006,933
Granted	513,420
Exercised	(175,699)
Forfeited	(26,166)
Options outstanding at October 30, 2022	1,318,488
Remaining unrecognized compensation expense \| $	$ 9,363
Restricted Stock Units (RSUs) [Member]
Number of Options
Options outstanding at January 30, 2022	922,799
Granted	1,640,283
Exercised	0
Performance adjusted units	45,712
RSU vestings	(541,476)
Forfeited	(127,626)
Options outstanding at October 30, 2022	1,939,692
Remaining unrecognized compensation expense \| $	$ 51,145

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	May 01, 2022	Oct. 30, 2022	Oct. 31, 2021	Jan. 30, 2022
Income Taxes [Line Items]
Corporate tax rate		22.80%	13.40%
Income tax receivable related to CARES Act				$ 57,400
Income tax refund received	$ 33,200