0001628280-24-014369 | 10-K | XBRL Viewer | Dave Busters Entertainment INC

Print Document

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Feb. 04, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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. 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 - Estimated Useful Lives of Assets (Details)	Feb. 04, 2024
Building and building improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	5 years
Building and building improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	40 years
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	5 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	20 years
Furniture, fixtures and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	3 years
Furniture, fixtures and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	10 years
Games \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	3 years
Games \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Depreciable Lives (In Years)	20 years

Audit Information	12 Months Ended
Audit Information	Feb. 04, 2024
Audit Information [Abstract]
Auditor Firm ID	185
Auditor Location	Dallas, Texas
Auditor Name	KPMG LLP

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Millions	Total	Common Stock	Paid-In Capital	Treasury Stock At Cost	Accumulated Other Comprehensive Income (loss)	Retained Earnings
Beginning balance (in shares) at Jan. 31, 2021		60,480
Beginning balance at Jan. 31, 2021	$ 153.2	$ 0.6	$ 531.2	$ (596.0)	$ (9.1)	$ 226.5
Beginning balance (in shares) at Jan. 31, 2021				12,840
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	108.7					108.7
Unrealized foreign currency translation loss	0.0
Unrealized gain on derivatives, net of tax	5.4				5.4
Share-based compensation	12.5		12.5
Issuance of common stock ( in shares)		1,080
Issuance of common stock	5.1		5.1
Repurchase of common stock (in shares)				230
Repurchase of common stock	(9.5)			$ (9.5)
Ending balance (in shares) at Jan. 30, 2022		61,560
Ending balance at Jan. 30, 2022	275.4	$ 0.6	548.8	$ (605.5)	(3.7)	335.2
Ending balance (in shares) at Jan. 30, 2022				13,070
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	137.1					137.1
Unrealized foreign currency translation loss	(0.2)				(0.2)
Unrealized gain on derivatives, net of tax	3.0				3.0
Share-based compensation	20.0		20.0
Issuance of common stock ( in shares)		860
Issuance of common stock	8.7		8.7
Repurchase of common stock (in shares)				940
Repurchase of common stock	$ (33.5)			$ (33.5)
Ending balance (in shares) at Jan. 29, 2023	48,410	62,420
Ending balance at Jan. 29, 2023	$ 410.5	$ 0.6	577.5	$ (639.0)	(0.9)	472.3
Ending balance (in shares) at Jan. 29, 2023	14,010			14,010
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 126.9					126.9
Unrealized foreign currency translation loss	0.0
Unrealized gain on derivatives, net of tax	0.0
Share-based compensation	16.0		16.0
Issuance of common stock ( in shares)		440
Issuance of common stock	4.1		4.1
Repurchase of common stock (in shares)				8,580
Repurchase of common stock	$ (306.3)			$ (306.3)
Ending balance (in shares) at Feb. 04, 2024	40,270	62,860
Ending balance at Feb. 04, 2024	$ 251.2	$ 0.6	$ 597.6	$ (945.3)	$ (0.9)	$ 599.2
Ending balance (in shares) at Feb. 04, 2024	22,590			22,590

Income Taxes - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Current provision:
Federal	$ 8.3	$ 2.3	$ 21.9
State and local	9.4	6.5	4.6
Foreign	1.3	0.1	0.3
Total current provision	19.0	8.9	26.8
Deferred provision:
Federal	16.2	25.0	(2.4)
State and local	2.5	3.1	(5.4)
Foreign	(1.5)	(0.5)	0.0
Total deferred provision (benefit)	17.2	27.6	(7.8)
Provision for income taxes	$ 36.2	$ 36.5	$ 19.0

Subsequent Event	12 Months Ended
Subsequent Event	Feb. 04, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On April 2, 2024, our Board approved an increase of $100.0 to our previously existing share repurchase program, under which the Company may repurchase shares on the open market, through privately negotiated transactions and through trading plans. See further discussion of the existing share repurchase program at Note 10. The total authorized under the program is now $500.0. The remaining dollar value of shares that may be repurchased under the program is now $200.0. The share repurchase program may be modified, suspended, or discontinued at any time. Future decisions to repurchase shares continue to be at the discretion of the Board and will be dependent on our operating performance, financial condition, capital expenditure requirements and other factors that the Board considers relevant.

Business Combination — Acquisition of Main Event

12 Months Ended

Feb. 04, 2024

Business Combination and Asset Acquisition [Abstract]

Business Combination — Acquisition of Main Event

On June 29, 2022, the Company acquired Main Event for net cash and contingent consideration. Main Event is also focused on entertainment, food and drinks, largely for the demographic target of families with young children. The acquisition puts the Company in a strategic position for accelerated, profitable growth in both brands as well as creates cost synergies with our Dave & Buster’s brand. We finalized our accounting for the Main Event Acquisition in the second quarter of fiscal 2023.

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


	Amount
Gross cash consideration	$	853.2
Contingent consideration (1)	13.8
Less: cash acquired	(34.5)
Total consideration	$	832.5

Assets:
Current assets	$	16.9
Property and equipment	338.3
Operating lease right of use assets	297.2
Tradenames	99.2
Other assets and deferred charges	5.8
Less Liabilities:
Accounts payable	20.1
Current portion of operating lease liabilities	11.6
Accrued liabilities	41.6
Operating lease liabilities	279.2
Deferred tax liabilities	35.8
Other liabilities	6.5
Net assets acquired, excluding goodwill	$	362.6
Goodwill	$	469.9

(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. This amount was based on the present value of the maximum amount provided in the Merger Agreement. As of February 4, 2024, the remaining unpaid balance of the contingent consideration of $0.6 was included in accrued liabilities on the consolidated balance sheet.

Unaudited Pro Forma Information – To reflect the Acquisition as if it had occurred on January 31, 2022, 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 at the beginning of fiscal 2022:


	Fiscal Year Ended January 29, 2023
Total revenues	$	2,165.0
Net income	$	88.2

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.

Income Taxes - Change in Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 1.9	$ 3.0	$ 2.5
Additions for tax positions of prior years	1.1	0.0	0.0
Reductions for tax positions of prior years	0.0	(0.8)	0.0
Additions for tax positions of current year	6.1	0.0	0.8
Lapse of statute of limitations	(0.5)	(0.3)	(0.3)
Balance at end of year	$ 8.6	$ 1.9	$ 3.0

Leases - Additional Information (Details) $ in Millions	1 Months Ended	12 Months Ended
Leases - Additional Information (Details) $ in Millions	Oct. 31, 2023 USD ($) store	Feb. 04, 2024 USD ($) site lease	Jan. 29, 2023 USD ($)	Jan. 30, 2022 USD ($)
Leases [Abstract]
Commenced future sites \| site		5
Future minimum rent operating leases not yet commenced		$ 216.3
Not yet commenced future sites \| lease		12
Stores sold \| store	4
Price of stores sold	$ 85.8
Proceeds from sale-leaseback transaction	84.2	$ 84.2	$ 0.0	$ 0.0
Monthly rent expense	$ 6.4
Long term outstanding liability recorded in other liabilities		83.7
Current outstanding liability		$ 0.3

Business Combinations - Summary of Purchase Price and Net Assets Acquired in the Acquisition (Details) - USD ($) $ in Millions	Jun. 29, 2022	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Less Liabilities:
Goodwill		$ 742.5	$ 744.5	$ 272.6
Accrued liabilities		306.0	$ 342.9
Main Event
Business Acquisition [Line Items]
Gross cash consideration	$ 853.2
Contingent consideration	13.8
Less: cash acquired	(34.5)
Total consideration	832.5
Assets:
Current assets	16.9
Property and equipment	338.3
Operating lease right of use assets	297.2
Tradenames	99.2
Other assets and deferred charges	5.8
Less Liabilities:
Accounts payable	20.1
Current portion of operating lease liabilities	11.6
Accrued liabilities	41.6
Operating lease liabilities	279.2
Deferred tax liabilities	35.8
Other liabilities	6.5
Net assets acquired, excluding goodwill	362.6
Goodwill	$ 469.9
Accrued liabilities		$ 0.6

Debt (Tables)

12 Months Ended

Feb. 04, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consists of the following:


	February 4, 2024		January 29, 2023
Credit facility—revolver	$	—	$	—
Credit facility—term loan	897.8		847.8
Senior secured notes	440.0		440.0
Total debt outstanding	1,337.8		1,287.8
Less current installments of long-term debt	(9.0)		(8.5)
Less issue discounts and debt issuance costs	(44.8)		(56.6)
Long-term debt, net	$	1,284.0	$	1,222.7

Schedule of Future Debt Payment Obligation

Below is our future debt principal payment obligations as of February 4, 2024 by fiscal year:


2024	$	9.0
2025	449.0
2026	9.0
2027	9.0
2028	9.0
Thereafter	852.8
Total future payments	$	1,337.8

Summary of Recorded Interest Expense

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


	February 4, 2024		January 29, 2023		January 30, 2022
Interest expense on debt	$	121.8	$	77.7	$	43.5
Interest associated with swap agreements	—		4.1		7.5
Amortization of issue discount and issuance cost	11.8		8.5		4.2
Interest expense on sale-leaseback (1)	1.4		—		—
Interest income	(4.7)		(0.6)		—
Capitalized interest	(2.9)		(2.3)		(1.3)
Total interest expense, net	$	127.4	$	87.4	$	53.9

(1) See discussion of sale-leaseback transaction at Note 9 to the consolidated financial statements.

Debt - Long-Term Debt (Details) - USD ($) $ in Millions	Feb. 04, 2024	Jan. 29, 2023
Debt Instrument [Line Items]
Long-term debt	$ 1,337.8	$ 1,287.8
Less current installments of long-term debt	(9.0)	(8.5)
Less issue discounts and debt issuance costs	(44.8)	(56.6)
Long-term debt, net	1,284.0	1,222.7
Credit facility—revolver
Debt Instrument [Line Items]
Credit facility	0.0	0.0
Credit facility—term loan
Debt Instrument [Line Items]
Credit facility	897.8	847.8
Senior secured notes
Debt Instrument [Line Items]
Long-term debt	$ 440.0	$ 440.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482900/835-30-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

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

+ References + Details

Property and Equipment (Tables)

12 Months Ended

Feb. 04, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment consist of the following:


	February 4, 2024		January 29, 2023
Land	$	38.7	$	26.8
Buildings and building improvements	86.5		49.9
Leasehold improvements	1,205.7		1,103.0
Furniture, fixtures and equipment	692.6		573.1
Games	411.8		372.7
Construction in progress	120.0		98.4
Total cost	2,555.3		2,223.9
Accumulated depreciation	(1,222.6)		(1,043.7)
Property and equipment, net	$	1,332.7	$	1,180.2

Inventories

12 Months Ended

Feb. 04, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following for the years presented:


	February 4, 2024		January 29, 2023
Operating store—food and beverage	$	11.5	$	10.9
Operating store—entertainment	14.1		18.6
Corporate—entertainment, supplies and other	11.6		15.9
	$	37.2	$	45.4

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

Property and Equipment - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 207.7	$ 168.9	$ 138.3

Leases - Maturities of Our Operating Lease Liabilities (Details) $ in Millions	Feb. 04, 2024 USD ($)
Leases [Abstract]
2024	$ 190.8
2025	208.7
2026	210.4
2027	207.3
2028	204.3
Thereafter	1,576.5
Total future operating lease liability	2,598.0
Less: interest	(963.4)
Present value of operating lease liabilities	$ 1,634.6

Debt - Recorded Interest Expense, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Debt Disclosure [Abstract]
Interest expense on debt	$ 121.8	$ 77.7	$ 43.5
Interest associated with swap agreements	0.0	4.1	7.5
Amortization of issue discount and issuance cost	11.8	8.5	4.2
Interest expense, on sale-leaseback	1.4	0.0	0.0
Interest income	(4.7)	(0.6)	0.0
Capitalized interest	(2.9)	(2.3)	(1.3)
Total interest expense, net	$ 127.4	$ 87.4	$ 53.9

- Definition

Amount of the cost of borrowed funds accounted for as interest expense.

+ References + Details

Leases - Supplemental Disclosures of Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Leases [Abstract]
Cash paid for operating lease liabilities	$ 204.3	$ 189.3	$ 157.1
ROU assets obtained in exchange for new operating lease liabilities	$ 92.8	$ 376.2	$ 72.5
Weighted-average remaining lease term—operating leases	12 years 10 months 24 days	13 years 7 months 6 days	14 years 2 months 12 days
Weighted-average discount rate—operating leases	7.50%	7.10%	6.00%

Inventories (Tables)

12 Months Ended

Feb. 04, 2024

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following for the years presented:


	February 4, 2024		January 29, 2023
Operating store—food and beverage	$	11.5	$	10.9
Operating store—entertainment	14.1		18.6
Corporate—entertainment, supplies and other	11.6		15.9
	$	37.2	$	45.4

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Operating activities:
Net income	$ 126.9	$ 137.1	$ 108.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	208.5	169.3	138.3
Non-cash interest expense	11.8	8.4	7.5
Deferred income taxes	17.2	27.6	(7.8)
Loss on debt refinancing	16.1	1.5	5.6
Share-based compensation	16.0	20.0	12.5
Other, net	8.2	7.3	6.6
Changes in assets and liabilities, net of assets and liabilities acquired:
Inventories	8.1	(0.2)	(16.5)
Prepaid expenses	1.3	(5.5)	0.6
Income tax receivable	2.6	39.4	5.1
Accounts receivable	(0.1)	(9.3)	(1.9)
Other assets and deferred charges	(6.1)	0.3	(0.1)
Accounts payable	(1.3)	1.2	14.3
Accrued liabilities	(40.5)	42.2	20.2
Income taxes payable	0.1	0.8	0.1
Other long-term liabilities	(4.6)	4.3	(10.0)
Net cash provided by operating activities	364.2	444.4	283.2
Investing activities:
Capital expenditures	(330.2)	(234.2)	(92.2)
Acquisition of a business, net of cash acquired	0.0	(818.7)	0.0
Proceeds from sales of property and equipment	1.1	1.3	0.7
Net cash used in investing activities	(329.1)	(1,051.6)	(91.5)
Financing activities:
Proceeds from borrowings	213.7	821.5	83.0
Payments on borrowings	(166.5)	(16.1)	(253.0)
Debt issuance costs and prepayment premiums	(11.8)	(17.7)	(3.3)
Proceeds from sale-leaseback transaction	84.2	0.0	0.0
Repurchase of common stock under share repurchase program	(300.0)	(25.0)	0.0
Repurchases of common stock to satisfy employee withholding tax obligations	(3.1)	(8.5)	(9.5)
Proceeds from the exercise of stock options	4.1	8.7	5.1
Net cash provided by (used in) financing activities	(179.4)	762.9	(177.7)
Increase (decrease) in cash and cash equivalents	(144.3)	155.7	14.0
Beginning cash and cash equivalents	181.6	25.9	11.9
Ending cash and cash equivalents	37.3	181.6	25.9
Supplemental disclosures of cash flow information:
Increase (decrease) for capital expenditures in accounts payable	35.2	0.9	11.8
Cash paid (received) for income taxes, net	9.7	(30.4)	21.5
Cash paid for interest, net	$ 122.3	$ 68.7	$ 44.5

Debt - Future Debt Payment Obligation (Details) - USD ($) $ in Millions	Feb. 04, 2024	Jan. 29, 2023
Debt Disclosure [Abstract]
2024	$ 9.0
2025	449.0
2026	9.0
2027	9.0
2028	9.0
Thereafter	852.8
Total future payments	$ 1,337.8	$ 1,287.8

- Definition

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

+ References + Details

Stockholders' Equity - Transactions Related to Stock Option Awards (Details) - 2014 Stock Incentive Plan	12 Months Ended
	Feb. 04, 2024 $ / shares shares
Number of Options
Options outstanding at January 29, 2023 (in shares) \| shares	980,000
Granted (in shares) \| shares	80,000.00
Exercised (in shares) \| shares	(120,000)
Forfeited and cancelled (in shares) \| shares	(120,000)
Options outstanding at February 4, 2024 (in shares) \| shares	820,000
Options exercisable at February 4, 2024 (in shares) \| shares	480,000
Weighted Average Exercise Price
Options outstanding at January 29, 2023 (in dollars per share) \| $ / shares	$ 40.64
Granted (in dollars per share) \| $ / shares	35.09
Exercised (in dollars per share) \| $ / shares	32.81
Forfeited and cancelled (in dollars per share) \| $ / shares	36.74
Options outstanding at February 4, 2024 (in dollars per share) \| $ / shares	42.96
Options exercisable at February 4, 2024 (in dollars per share) \| $ / shares	$ 47.92

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
	Dec. 06, 2021	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022	Sep. 04, 2023	Apr. 19, 2023	Mar. 27, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total value of shares authorized to be repurchased	$ 100.0				$ 400.0	$ 300.0	$ 100.0
Additional authorization amount					$ 100.0	$ 200.0
Purchased shares of stock (in shares)		8,490,000	760,000
Weighted average price of shares acquired (in dollars per share)		$ 35.35
Value of remaining shares authorized to be repurchased		$ 100.0
Payments for repurchase of common stock		$ 300.0	$ 25.0	$ 0.0
Stock repurchase expiration year	fiscal 2022
Withholding shares of common stock (in shares)		90,000.00	170,000	230,000
Employees tax obligations		$ 3.1	$ 8.5	$ 9.5
2014 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock available for issuance		3,370,000
Stock Options
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
Total intrinsic value of stock options exercised		$ 1.7	$ 5.1	$ 10.4
Unrecognized expense related to stock option plan		$ 3.9
Unrecognized compensation expense, weighted average years		3 years 3 months 18 days
Weighted average remaining contractual life, options outstanding		6 years 1 month 6 days
Aggregate intrinsic value, options outstanding		$ 10.5
Weighted average remaining contractual life, options exercisable		4 years 3 months 18 days
Aggregate intrinsic value, options outstanding, options exercisable		$ 4.0
Restricted Stock Units (RSU's)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
Unrecognized compensation expense, weighted average years		2 years 10 months 24 days
Granted (in dollars per share)		$ 35.94	$ 33.09	$ 47.42
Shares vested, value		$ 7.4	$ 20.6	$ 29.3
Unrecognized expense related to unvested restricted stock and RSUs		$ 26.0
Performance Based RSU and MSU
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

Property and Equipment

12 Months Ended

Feb. 04, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consist of the following:


	February 4, 2024		January 29, 2023
Land	$	38.7	$	26.8
Buildings and building improvements	86.5		49.9
Leasehold improvements	1,205.7		1,103.0
Furniture, fixtures and equipment	692.6		573.1
Games	411.8		372.7
Construction in progress	120.0		98.4
Total cost	2,555.3		2,223.9
Accumulated depreciation	(1,222.6)		(1,043.7)
Property and equipment, net	$	1,332.7	$	1,180.2

Depreciation expense totaled $207.7, $168.9, and $138.3 for fiscal 2023, fiscal 2022, and fiscal 2021, respectively

Description of the Business and Summary of Significant Accounting Policies - Revenue (Detail) - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 2,205.3	$ 1,964.4	$ 1,304.0
Entertainment
Disaggregation of Revenue [Line Items]
Total revenues	1,406.1	1,264.8	862.0
Other
Disaggregation of Revenue [Line Items]
Total revenues	28.7	21.3	5.4
Entertainment revenues
Disaggregation of Revenue [Line Items]
Total revenues	1,434.8	1,286.1	867.4
Food and non-alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	517.1	459.9	295.9
Alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	253.4	218.4	140.7
Food and beverage revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 770.5	$ 678.3	$ 436.6

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Description of the Business and Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Feb. 04, 2024 USD ($) Segment store state	Jan. 29, 2023 USD ($) store	Jan. 30, 2022 USD ($)	Jun. 29, 2022
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of operating segments \| Segment	2
Number of reportable segments \| Segment	1
Number of stored opened \| store	16	8
Number of stores \| store	220
Number of states store operates \| state	43
Book overdrafts reclassified to accounts payable	$ 0	$ 0
Restricted cash	0	0
Goodwill	742,500,000	744,500,000	$ 272,600,000
Tradenames	178,200,000	178,200,000	79,000,000.0
Goodwill impairment	0	0	0
Tradename impairment	0	0	$ 0
Period of expiry of earned rewards			one to two
Advertising costs expensed	$ 67,800,000	57,600,000	$ 32,200,000
Extension period	5-year
Minimum
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Lease term	10 years
Maximum
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Lease term	20 years
Operating Segments \| Dave & Buster's
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Goodwill	$ 272,600,000
Tradenames	79,000,000.0
Operating Segments \| Main Event
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Goodwill	469,900,000
Tradenames	$ 99,200,000
Ardent
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Percentage of voting interests acquired				100.00%
Dave And Busters Holdings Inc
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock owned	100.00%
Canada
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of Canadian province \| store	1
Entertainment revenues \| Other Comprehensive Income (Loss)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue	$ 69,800,000	42,800,000
Gift Card Revenue
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue	$ 10,200,000	$ 6,300,000

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Income Tax Disclosure [Abstract]
Effective tax rate	22.20%	21.00%	14.90%
Income tax receivable related to C A R E S Act			$ 0.8
Net operating loss carryforwards	$ 84.1
Foreign tax credit carryovers	1.6
Decrease in valuation allowance	(2.3)
Total unrecognized tax benefits that, if recognized, would affect our effective tax rate	2.4
Accrued interest on unrecognized tax benefits	0.6	$ 0.5
Reduction in unrecognized tax benefits	0.6
Excess tax expense (benefit)	$ (0.8)	$ (3.1)	$ (6.9)

Description of the Business and Summary of Significant Accounting Policies - Fair Value of Debt (Details) - USD ($) $ in Millions	Feb. 04, 2024	Jan. 29, 2023
Description Of Business And Basis Of Presentation [Line Items]
Debt, fair value	$ 1,343.3	$ 1,306.3
Revolving credit facility
Description Of Business And Basis Of Presentation [Line Items]
Debt, fair value	0.0	0.0
Credit facility—term loan
Description Of Business And Basis Of Presentation [Line Items]
Debt, fair value	898.3	864.5
Senior secured notes
Description Of Business And Basis Of Presentation [Line Items]
Debt, fair value	$ 445.0	$ 441.8

Stockholders' Equity

12 Months Ended

Feb. 04, 2024

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Share issuances and repurchases

On March 27, 2023, our Board approved a share repurchase program with an authorization limit of $100.0. On April 19, 2023, our Board approved an increase to the authorization limit of $200.0 for a total of $300.0 authorized under the program. On September 4, 2023 our Board approved an increase to the authorization limit of $100.0 for a total of $400.0 authorized under the program. During fiscal 2023, the Company repurchased 8.49 shares at an average of $35.35 per share. The remaining dollar value of shares that may be repurchased under the program is $100.0 as of February 4, 2024. Future decisions to repurchase shares continue to be at the discretion of the Board and will be dependent on our operating performance, financial condition, capital expenditure requirements and other factors that the Board considers relevant.

On December 6, 2021, our Board approved a share repurchase program, under which the Company could repurchase shares on the private market, through privately negotiated transactions and through trading plans. During fiscal 2022, the Company purchased 0.76 shares of stock for $25.0 under its share repurchase program. The share repurchase authorization limit of $100.0 expired at the end of fiscal 2022.

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 years ended 2023, 2022 and 2021, we withheld 0.09, 0.17, and 0.23 shares of common stock to satisfy $3.1, $8.5, and $9.5 of employees’ tax obligations, respectively.

Cash dividends

The Company did not declare or pay any dividends during fiscal years ended 2023, 2022 or 2021.

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. We issue share-based awards under our 2014 Stock Incentive Plan. We may grant stock options or restricted stock units to executive and management personnel as well as members of our Board. 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 (“MSUs”) awarded to employees generally either vest ratably over 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 terminate on the ten-year anniversary of the grants. Stock option awards generally provide continued vesting, in the event of termination, for employees that either a) reach age 60 or greater and have at least ten

years of service or b) reach age 65. Unvested stock options and restricted stock units are generally forfeited by employees who terminate prior to vesting and are 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. The number of unissued common shares reserved for future grants under the 2014 Stock Incentive Plan is approximately 3.37 as of February 4, 2024. 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.

A summary of the options, as well as the significant assumptions used in determining the underlying fair value of those options, granted in fiscal 2023 were as follows:


	Volatility	Risk-free Interest Rate	Expected Term (in years)	Weighted Average Grant Date Fair Value		Options Granted
April 2023 time-based grant (1)	66.3%	3.5%	6.7	$	22.27	0.07
Other 2023 time-based grants (2)	67.2%	3.9%	7.3	$	21.97	0.01

Total granted						0.08

(1)Annual grant to certain executives.

(2)Grants to newly hired executive employees.

The following is a summary of stock option award activity during fiscal 2023:


	Number of Options	Weighted Average Exercise Price
Outstanding at January 29, 2023	0.98	$	40.64
Granted	0.08	35.09
Exercised	(0.12)	32.81
Forfeited and cancelled	(0.12)	36.74
Outstanding at February 4, 2024	0.82	42.96
Exercisable at February 4, 2024	0.48	$	47.92

The total intrinsic value of options exercised during fiscal 2023, fiscal 2022, and fiscal 2021 was $1.7, $5.1, and $10.4, respectively. The unrecognized expense related to our stock option plan totaled approximately $3.9 as of February 4, 2024 and will be expensed over a weighted average of 3.3 years. For options outstanding as of February 4, 2024, the weighted average remaining contractual life was 6.1 years and the aggregate intrinsic value was $10.5. For options exercisable as of February 4, 2024, the weighted average remaining contractual life was 4.3 years and the aggregate intrinsic value was $4.0.

The following is a summary of restricted stock unit awards activity during fiscal 2023:


	Shares	Weighted Avg Grant Date Fair Value
Outstanding at January 29, 2023	1.89	$	31.02
Granted	0.28	35.94
Vested	(0.29)	25.61
Forfeited	(0.37)	30.92
Outstanding at February 4, 2024	1.51	$	33.65

The weighted average grant-date fair values of restricted stock units granted during fiscal 2023, 2022 and 2021 were $35.94, $33.09, and $47.42, respectively. The total fair value of restricted stock units vested during fiscal 2023, 2022, and 2021 was $7.4, $20.6, and $29.3, respectively. The unrecognized expense related to our restricted stock units was $26.0 as of February 4, 2024, which will be expensed over a weighted average of 2.9 years.

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 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.

Compensation expense related to stock option plans and time-based restricted stock units, which is included in general and administrative expenses on the consolidated statements of comprehensive income, was as follows for the fiscal years presented:


	2023		2022		2021
Stock options	$	2.7	$	2.5	$	0.5
Restricted stock units	13.3		17.5		12.0
Total compensation expense	$	16.0	$	20.0	$	12.5

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Stockholders' Equity - Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Equity [Abstract]
Stock options	$ 2.7	$ 2.5	$ 0.5
Restricted stock units	13.3	17.5	12.0
Total compensation expense	$ 16.0	$ 20.0	$ 12.5

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Total revenues	$ 2,205.3	$ 1,964.4	$ 1,304.0
Total cost of products	337.0	308.9	204.9
Operating payroll and benefits	526.0	470.7	287.3
Other store operating expenses	686.2	600.6	402.7
General and administrative expenses	122.6	137.8	75.5
Depreciation and amortization expense	208.5	169.3	138.3
Pre-opening costs	18.4	14.6	8.1
Total operating costs	1,898.7	1,701.9	1,116.8
Operating income	306.6	262.5	187.2
Interest expense, net	127.4	87.4	53.9
Loss on debt refinancing	16.1	1.5	5.6
Income before provision for income taxes	163.1	173.6	127.7
Provision for income taxes	36.2	36.5	19.0
Net income	126.9	137.1	108.7
Unrealized foreign currency translation loss	0.0	(0.2)	0.0
Unrealized gain on derivatives, net of tax	0.0	3.0	5.4
Total other comprehensive gain	0.0	2.8	5.4
Total comprehensive income	$ 126.9	$ 139.9	$ 114.1
Net income per share:
Net income per share, basic (in shares)	$ 2.94	$ 2.83	$ 2.26
Net income per share, diluted (in shares)	$ 2.88	$ 2.79	$ 2.21
Weighted average shares used in per share calculations:
Weighted average shares used in per share calculations, basic (in shares)	43,200	48,490	48,140
Weighted average shares used in per share calculations, diluted (in shares)	44,070	49,170	49,260
Entertainment revenues
Total revenues	$ 1,434.8	$ 1,286.1	$ 867.4
Cost of entertainment	134.1	115.1	85.8
Food and beverage revenues
Total revenues	770.5	678.3	436.6
Cost of food and beverage	$ 202.9	$ 193.8	$ 119.1

Stockholders' Equity - Transactions Related to Time-based and Performance-based RSU's and Restricted Stock (Details) - Restricted Stock Unit Awards shares in Thousands	12 Months Ended
	Feb. 04, 2024 $ / shares shares
Shares
Outstanding at January 30, 2022 (in shares) \| shares	1,890
Granted (in shares) \| shares	280
Vested (in shares) \| shares	(290)
Forfeited (in shares) \| shares	(370)
Outstanding at January 29, 2023 (in shares) \| shares	1,510
Weighted Avg Grant Date Fair Value
Outstanding at January 30, 2022 (in dollars per share) \| $ / shares	$ 31.02
Granted (in dollars per share) \| $ / shares	35.94
Vested (in dollars per share) \| $ / shares	25.61
Forfeited (in dollars per share) \| $ / shares	30.92
Outstanding at January 29, 2023 (in dollars per share) \| $ / shares	$ 33.65

Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Millions	Feb. 04, 2024	Jan. 29, 2023
Accrued Liabilities, Current [Abstract]
Deferred entertainment revenue	$ 121.2	$ 114.4
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued liabilities	Total accrued liabilities
Current portion of operating lease liabilities, net	$ 63.1	$ 64.1
Compensation and benefits	29.0	60.6
Deferred gift card revenue	20.3	16.4
Sales, use and other taxes	12.5	10.6
Property taxes	9.7	13.1
Customer deposits	9.7	8.7
Accrued interest	9.6	15.8
Utilities	7.5	7.2
Current portion of self-insurance reserves	5.7	6.7
Current portion of deferred occupancy costs	2.9	9.4
Other	14.8	15.9
Total accrued liabilities	306.0	342.9
Receivables for tenant improvement allowances	$ 13.0	$ 5.9

Stockholders' Equity (Tables)

12 Months Ended

Feb. 04, 2024

Equity [Abstract]

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

A summary of the options, as well as the significant assumptions used in determining the underlying fair value of those options, granted in fiscal 2023 were as follows:


	Volatility	Risk-free Interest Rate	Expected Term (in years)	Weighted Average Grant Date Fair Value		Options Granted
April 2023 time-based grant (1)	66.3%	3.5%	6.7	$	22.27	0.07
Other 2023 time-based grants (2)	67.2%	3.9%	7.3	$	21.97	0.01

Total granted						0.08

(1)Annual grant to certain executives.

(2)Grants to newly hired executive employees.

Summary of Transactions Related to Stock Options Awards

The following is a summary of stock option award activity during fiscal 2023:


	Number of Options	Weighted Average Exercise Price
Outstanding at January 29, 2023	0.98	$	40.64
Granted	0.08	35.09
Exercised	(0.12)	32.81
Forfeited and cancelled	(0.12)	36.74
Outstanding at February 4, 2024	0.82	42.96
Exercisable at February 4, 2024	0.48	$	47.92

Summary of Transactions Related to Restricted Stock Units

The following is a summary of restricted stock unit awards activity during fiscal 2023:


	Shares	Weighted Avg Grant Date Fair Value
Outstanding at January 29, 2023	1.89	$	31.02
Granted	0.28	35.94
Vested	(0.29)	25.61
Forfeited	(0.37)	30.92
Outstanding at February 4, 2024	1.51	$	33.65

Schedule of Stock Options Roll Forward


	2023		2022		2021
Stock options	$	2.7	$	2.5	$	0.5
Restricted stock units	13.3		17.5		12.0
Total compensation expense	$	16.0	$	20.0	$	12.5

Income Taxes (Tables)

12 Months Ended

Feb. 04, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The following table sets forth our income tax provision:


	February 4, 2024		January 29, 2023		January 30, 2022
Current provision:
Federal	$	8.3	$	2.3	$	21.9
State and local	9.4		6.5		4.6
Foreign	1.3		0.1		0.3
Total current provision	19.0		8.9		26.8
Deferred provision:
Federal	16.2		25.0		(2.4)
State and local	2.5		3.1		(5.4)
Foreign	(1.5)		(0.5)		—
Total deferred provision (benefit)	17.2		27.6		(7.8)
Provision for income taxes	$	36.2	$	36.5	$	19.0

Summary of 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:


	February 4, 2024		January 29, 2023		January 30, 2022
Federal income tax rate	21.0	%	21.0	%	21.0	%
State and local income taxes, net of federal benefit	4.8	%	5.7	%	5.0	%
Permanent differences	2.3	%	2.9	%	2.0	%
Tax credits	(7.7)	%	(5.5)	%	(4.9)	%
Share-based compensation	(0.4)	%	(1.3)	%	(3.6)	%
Other	2.2	%	(1.8)	%	(4.6)	%
Effective tax rate	22.2	%	21.0	%	14.9	%

Summary of Components of Deferred Income Tax Liability

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


	February 04, 2024		January 29, 2023
Deferred tax assets:
Deferred revenue	$	16.9	$	18.1
Long-term lease obligation	426.5		434.8
Accrued liabilities	5.1		9.7
Workers compensation and general liability insurance	5.2		4.9
Share-based compensation	6.2		6.3
Financing obligation	20.9		—
Net operating loss carryovers	4.2		27.2
Tax credit carryovers	7.1		4.6
Excess business interest expense	19.1		0.5
Other	4.0		5.6
Subtotal	515.2		511.7
Less: Valuation allowance	(1.7)		(3.9)
Total deferred tax assets	$	513.5	$	507.8
Deferred tax liabilities:
Trademark/tradename	$	44.1	$	43.8
Property and equipment	197.0		179.5
Right of use assets	341.8		348.4
Other debt related items	11.9		—
Other	2.5		1.9
Total deferred tax liabilities	$	597.3	$	573.6
Deferred tax liability, net	$	83.8	$	65.8

Summary of Changes in Unrecognized Tax Benefits

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


	February 4, 2024		January 29, 2023		January 30, 2022
Balance at beginning of year	$	1.9	$	3.0	$	2.5
Additions for tax positions of prior years	1.1		—		—
Reductions for tax positions of prior years	—		(0.8)		—
Additions for tax positions of current year	6.1		—		0.8
Lapse of statute of limitations	(0.5)		(0.3)		(0.3)
Balance at end of year	$	8.6	$	1.9	$	3.0

Description of the Business and Summary of Significant Accounting Policies

12 Months Ended

Feb. 04, 2024

Accounting Policies [Abstract]

Description of the Business and Summary of Significant Accounting Policies

Description of the business — Dave & Buster’s Entertainment, Inc. (“D&B Entertainment” or the “Company”) 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.

The Company operates its business as two operating segments based on its major brands, Dave & Buster's and Main Event. The Company has one reportable segment as both brands provide similar products and services to a similar customer base, are managed together by a single management team and share similar economic characteristics.

On June 29, 2022, the Company completed its acquisition of 100% of the equity interests in Main Event, in connect with an Agreement and Plan of Merger dated April 6, 2022. Refer to Note 2, Business Combinations, for further discussion of the Main Event Acquisition.

During fiscal 2023, we opened sixteen additional stores. During fiscal 2022, we acquired stores as a result of the Main Event Acquisition and opened eight new stores. As of February 4, 2024, we owned and operated 220 stores located in 43 states, Puerto Rico and one Canadian province.

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”). The results of acquired subsidiaries are included in the consolidated financial statements from their dates of acquisition. 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 year 2023, which ended on February 4, 2024, contained 53 weeks. Fiscal years 2022 and 2021, which ended on January 29, 2023 and January 30, 2022, 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 create book overdrafts, which are presented in Accounts Payable on the consolidated balance sheet. There were no such overdrafts as of February 4, 2024 or January 29, 2023. 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 2023 and fiscal 2022, 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. See Note 3 for a summary of inventory balances.

Cloud-based computing arrangements — The Company defers application development stage costs for cloud-based computing arrangements and amortizes those costs over the related license subscription term.

Long-lived assets — Property and equipment are carried at cost less accumulated depreciation. Depreciation is computed on the straight-line method. Estimated depreciable lives for the categories of property and equipment follows:


			Estimated Depreciable Lives (In Years)
Building and building improvements (1)			5-40
Leasehold improvements (1)			5-20
Furniture, fixtures and equipment			3-10
Games			3-20

(1) Buildings and building improvements and leasehold improvements related to leased properties are depreciated over the lesser of the lease term, inclusive of reasonably certain renewal periods, or the useful life of the asset.

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 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.

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.

Goodwill and tradenames — Goodwill and tradenames have indefinite useful lives, 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. We consider our Dave & Buster's and Main Event brands to be both our operating segments and reporting units. Goodwill and tradenames are evaluated at the level of these two operating segments.

The carrying value of goodwill as of February 4, 2024 was $742.5, of which $272.6 related to the Dave & Buster's operating segment and $469.9 related to the goodwill added as a result of the Main Event Acquisition. Additionally, the carrying value of tradenames as of February 4, 2024 was $178.2, of which $79.0 related to the Dave & Buster's operating segment and $99.2 related to the tradename acquired as a result of the Main Event Acquisition.

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 years 2023, 2022 and 2021, there was no impairment to our goodwill or tradenames.

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 debt is determined based on traded price data as of the measurement date, which we classify as a Level Two input within the fair value hierarchy. The fair value of the Company's debt was as follows as of the periods indicated:


	February 4, 2024		January 29, 2023
Revolving credit facility	$	—	—
Term loan	898.3		864.5
Senior secured notes	445.0		441.8
	$	1,343.3	$	1,306.3

Revenues — Our entertainment revenues primarily consist of attractions including redemption and simulation games, bowling, laser tag, billiards and gravity ropes. Our food and beverage revenues consist of full meals, appetizers and both alcoholic and non-alcoholic beverages. The following table presents revenues included in these categories for the periods presented:


	Fiscal Year Ended
	February 4, 2024		January 29, 2023		January 30, 2022
Entertainment	$	1,406.1	$	1,264.8	$	862.0
Other (1)	28.7		21.3		5.4
Entertainment revenues	$	1,434.8	$	1,286.1	$	867.4

Food and non-alcoholic beverages	$	517.1	$	459.9	$	295.9
Alcoholic beverages	253.4		218.4		140.7
Food and beverage revenues	$	770.5	$	678.3	$	436.6

(1) Primarily consists of revenue earned from party rentals and gift card breakage (see Revenue recognition below).

Revenue recognition — Entertainment revenues are primarily recognized upon utilization of game play credits on gaming 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 entertainment 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 gaming 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 entertainment revenue is included in “Accrued liabilities” in our Consolidated Balance Sheets. During fiscal 2023, we recognized revenue of approximately $69.8 related to the amount in deferred entertainment revenue as of the end of fiscal 2022. During fiscal 2022, we recognized revenue of approximately $42.8 related to the amount in deferred entertainment revenue as of the end of fiscal 2021.

We sell gift cards, which do not have expiration dates, and we do not deduct non-usage fees from outstanding gift card balances. The Company recognizes revenue from gift cards upon redemption by the customer. For unredeemed gift cards that the Company expects to be entitled to breakage and for which there is not a legal obligation to remit the unredeemed gift card balances to the relevant jurisdictions, the Company recognizes expected breakage as revenue in proportion to the pattern of redemption by the customers. The determination of the gift card breakage is based on the Company’s specific historical redemption patterns. Recognized gift card breakage revenue is included in “Entertainment revenues” in the Consolidated Statements of Comprehensive Income. The contract liability related to our gift cards is included in “Accrued liabilities” in our Consolidated Balance Sheets. During fiscal 2023, we recognized revenue of approximately $10.2 related to the amount in deferred gift card revenue as of the end of fiscal 2022. During fiscal 2022, we recognized revenue of approximately $6.3 related to the amount in deferred gift card revenue as of the end of fiscal 2021.

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 2021, 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.

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 remaining performance obligation.

During 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 $67.8, $57.6, and $32.2, in fiscal 2023, 2022 and 2021, respectively. Advertising costs are included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income.

Leases — Our operating leases consist of facility leases at our stores and our store support center and 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 non-cancelable 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 to the payment histories and general financial condition of our landlords.

Operating leases are included within the “Operating lease right of use assets”, “Accrued liabilities” and “Operating lease liabilities” in the Consolidated Balance Sheets. Operating lease payments are classified as cash flows from operating activities with ROU asset amortization and the change in the lease liability combined within “Other liabilities” in the reconciliation of net income to cash flows provided by operating activities in the Consolidated 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 on our health coverage and excess liability policies on our general liability and workers' compensation 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.

Earnings per share — Basic net income 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.

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


	February 4, 2024	January 29, 2023	January 30, 2022
Basic weighted average shares outstanding	43.20	48.49	48.14
Weighted average dilutive impact of awards	0.87	0.68	1.12
Diluted weighted average shares outstanding	44.07	49.17	49.26
Weighted average awards excluded as antidilutive	0.78	0.21	0.17

Acquisitions — The Company accounts for acquisitions under the acquisition method of accounting, which requires the acquired assets and liabilities, including contingencies, be recorded at fair value determined on the acquisition date and changes thereafter reflected in income. For significant acquisitions, the Company obtains independent third-party valuation studies for certain of the assets acquired and liabilities assumed to assist the Company in determining fair value. The estimation of the fair values of the assets acquired and liabilities assumed involves a number of estimates and assumptions that could differ materially from the actual amounts realized. The Company provides assumptions, including both quantitative and qualitative information, about the specified asset or liability to the third-party valuation firms so they can assist in determining the fair value of assets and liabilities acquired. The Company then records acquired assets and liabilities at their estimated fair value based on the information provided. The third-party valuation firms are supervised by Company personnel who are knowledgeable about valuations and fair value. The Company evaluates the appropriateness of the assumptions and valuation methodologies utilized by the third-party valuation firms.

Recent accounting pronouncements

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures, which requires

public entities, including those with a single reportable segment, to provide all the disclosures required by this standard and all existing segment disclosures required by Segment Reporting (Topic 280) on an interim and annual basis, including new requirements to disclose significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within the reported measure(s) of a segment's profit or loss, the amount and composition of any other segment items, the title and position of the CODM, and how the CODM uses the reported measure(s) of a segment's profit or loss to assess performance and decide how to allocate resources. The guidance is effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, applied retrospectively. Early adoption is permitted. The Company expects ASU 2023-07 to require additional disclosures in the notes to our consolidated financial statements and does not plan early adoption.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures, which requires, among other things, the following for public business entities: (i) enhanced disclosures of specific categories of reconciling items included in the rate reconciliation, as well as additional information for any of these items meeting certain qualitative and quantitative thresholds; (ii) disclosure of the nature, effect and underlying causes of each individual reconciling item disclosed in the rate reconciliation and the judgment used in categorizing them if not otherwise evident; and (iii) enhanced disclosures for income taxes paid, which includes federal, state, and foreign taxes, as well as for individual jurisdictions over a certain quantitative threshold. The amendments in ASU 2023-09 eliminate the requirement to disclose the nature and estimate of the range of the reasonably possible change in unrecognized tax benefits for the 12 months after the balance sheet date. The provisions of ASU 2023-09 are effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company expects ASU 2023-09 to require additional disclosures in the notes to our consolidated financial statements and does not plan early adoption.

Subsequent Event (Details) - USD ($) $ in Millions	Apr. 02, 2024	Feb. 04, 2024	Sep. 04, 2023	Apr. 19, 2023	Mar. 27, 2023	Dec. 06, 2021
Subsequent Event [Line Items]
Additional authorization amount			$ 100.0	$ 200.0
Total value of shares authorized to be repurchased			$ 400.0	$ 300.0	$ 100.0	$ 100.0
Value of remaining shares authorized to be repurchased		$ 100.0
Subsequent Event
Subsequent Event [Line Items]
Additional authorization amount	$ 100.0
Total value of shares authorized to be repurchased	500.0
Value of remaining shares authorized to be repurchased	$ 200.0

Leases (Tables)

12 Months Ended

Feb. 04, 2024

Leases [Abstract]

Schedule 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:


	February 4, 2024		January 29, 2023		January 30, 2022
Operating lease cost	$	198.3	$	168.2	$	134.9
Variable lease cost	40.1		38.4		30.1
Short-term lease cost (1)	2.9		2.1		0.6
Total lease cost	$	241.3	$	208.7	$	165.6

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

Summary of Other Information Related to Leases

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


	February 4, 2024			January 29, 2023			January 30, 2022
Cash paid for operating lease liabilities	$	204.3		$	189.3		$	157.1
ROU assets obtained in exchange for new operating lease liabilities (1)	$	92.8		$	376.2		$	72.5
Weighted-average remaining lease term—operating leases	12.9 years			13.6 years			14.2 years
Weighted-average discount rate—operating leases	7.5		%	7.1		%	6.0		%

(1)Includes the leases acquired in the business combination discussed at Note 2.

Schedule of Disclosure of Minimum Future Maturities of Operating Lease Liabilities

Minimum future maturities of operating lease liabilities as of February 4, 2024 were as follows:


2024	$	190.8
2025	208.7
2026	210.4
2027	207.3
2028	204.3
Thereafter	1,576.5
Total future operating lease liability	$	2,598.0
Less: interest	(963.4)
Present value of operating lease liabilities	$	1,634.6

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

12 Months Ended

Feb. 04, 2024

Accounting Policies [Abstract]

Schedule of Estimated Depreciable Lives for Property and Equipment

Estimated depreciable lives for the categories of property and equipment follows:


			Estimated Depreciable Lives (In Years)
Building and building improvements (1)			5-40
Leasehold improvements (1)			5-20
Furniture, fixtures and equipment			3-10
Games			3-20

Schedule of Fair Value of Debt

The fair value of the Company's debt was as follows as of the periods indicated:


	February 4, 2024		January 29, 2023
Revolving credit facility	$	—	—
Term loan	898.3		864.5
Senior secured notes	445.0		441.8
	$	1,343.3	$	1,306.3

Summary of Revenue from Segments

The following table presents revenues included in these categories for the periods presented:


	Fiscal Year Ended
	February 4, 2024		January 29, 2023		January 30, 2022
Entertainment	$	1,406.1	$	1,264.8	$	862.0
Other (1)	28.7		21.3		5.4
Entertainment revenues	$	1,434.8	$	1,286.1	$	867.4

Food and non-alcoholic beverages	$	517.1	$	459.9	$	295.9
Alcoholic beverages	253.4		218.4		140.7
Food and beverage revenues	$	770.5	$	678.3	$	436.6

(1) Primarily consists of revenue earned from party rentals and gift card breakage (see Revenue recognition below).

Summary of Basic Weighted Average Shares Outstanding Reconciled to Diluted Weighted Average Shares Outstanding

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


	February 4, 2024	January 29, 2023	January 30, 2022
Basic weighted average shares outstanding	43.20	48.49	48.14
Weighted average dilutive impact of awards	0.87	0.68	1.12
Diluted weighted average shares outstanding	44.07	49.17	49.26
Weighted average awards excluded as antidilutive	0.78	0.21	0.17

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

+ Details

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

12 Months Ended

Feb. 04, 2024

Accounting Policies [Abstract]

Principles of consolidation

Fiscal year

Use of estimates

Cash and cash equivalents

Inventories

Cloud-based computing arrangements

Long-lived assets


			Estimated Depreciable Lives (In Years)
Building and building improvements (1)			5-40
Leasehold improvements (1)			5-20
Furniture, fixtures and equipment			3-10
Games			3-20

Goodwill and tradenames

Fair value of financial instruments

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 debt is determined based on traded price data as of the measurement date, which we classify as a Level Two input within the fair value hierarchy.

Revenue recognition

Advertising costs

Leases

Self-insurance programs

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


	February 4, 2024	January 29, 2023	January 30, 2022
Basic weighted average shares outstanding	43.20	48.49	48.14
Weighted average dilutive impact of awards	0.87	0.68	1.12
Diluted weighted average shares outstanding	44.07	49.17	49.26
Weighted average awards excluded as antidilutive	0.78	0.21	0.17

Acquisitions

Recent accounting pronouncements

Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Feb. 04, 2024	Mar. 22, 2024	Jul. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Feb. 04, 2024
Current Fiscal Year End Date	--02-04
Document Transition Report	false
Entity File Number	001-35664
Entity Registrant Name	Dave & Buster’s Entertainment, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2382255
Entity Address, Address Line One	1221 Beltline Rd
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Coppell
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75019
City Area Code	214
Local Phone Number	357-9588
Security12bTitle	Common Stock $0.01 par value
Trading Symbol	PLAY
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 2.2
Entity Common Stock, Shares Outstanding		40,299,451
Documents Incorporated by Reference	Portions of the definitive Proxy Statement for the registrant’s 2024 Annual Meeting of Shareholders have been incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001525769
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Property and Equipment - Property and Equipment (Details) - USD ($) $ in Millions	Feb. 04, 2024	Jan. 29, 2023
Property, Plant and Equipment [Line Items]
Total cost	$ 2,555.3	$ 2,223.9
Accumulated depreciation	(1,222.6)	(1,043.7)
Property and equipment, net	1,332.7	1,180.2
Land
Property, Plant and Equipment [Line Items]
Total cost	38.7	26.8
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Total cost	86.5	49.9
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total cost	1,205.7	1,103.0
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total cost	692.6	573.1
Games
Property, Plant and Equipment [Line Items]
Total cost	411.8	372.7
Construction in progress
Property, Plant and Equipment [Line Items]
Total cost	$ 120.0	$ 98.4

Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 04, 2024	Jan. 29, 2023
Current assets:
Cash and cash equivalents	$ 37.3	$ 181.6
Inventories	37.2	45.4
Prepaid expenses	18.2	19.5
Income taxes receivable	22.9	25.5
Accounts receivable	21.9	21.7
Total current assets	137.5	293.7
Property and equipment (net of $1,222.6 and $1,043.7 accumulated depreciation as of February 4, 2024 and January 29, 2023, respectively)	1,332.7	1,180.2
Operating lease right of use assets, net	1,323.3	1,333.6
Deferred tax assets	6.0	0.5
Tradenames	178.2	178.2
Goodwill	742.5	744.5
Other assets and deferred charges	34.2	30.3
Total assets	3,754.4	3,761.0
Current liabilities:
Current installments of long-term debt	9.0	8.5
Accounts payable	118.6	84.7
Accrued liabilities	306.0	342.9
Income taxes payable	2.0	1.9
Total current liabilities	435.6	438.0
Deferred income taxes	89.8	66.3
Operating lease liabilities	1,558.5	1,567.8
Other long-term liabilities	135.3	55.7
Long-term debt, net	1,284.0	1,222.7
Commitments and contingencies (Note 11)
Stockholders’ equity:
Common stock, par value $0.01; authorized: 400.00 shares; issued: 62.86 shares at February 4, 2024 and 62.42 shares at January 29, 2023; outstanding: 40.27 shares at February 4, 2024 and 48.41 shares at January 29, 2023	0.6	0.6
Preferred stock, 50,000.00 authorized; none issued	0.0	0.0
Paid-in capital	597.6	577.5
Treasury stock, 22.59 and 14.01 shares as of February 4, 2024 and January 29, 2023, respectively	(945.3)	(639.0)
Accumulated other comprehensive loss	(0.9)	(0.9)
Retained earnings	599.2	472.3
Total stockholders’ equity	251.2	410.5
Total liabilities and stockholders’ equity	$ 3,754.4	$ 3,761.0

Debt - Additional Information (Details) $ in Millions				12 Months Ended
Debt - Additional Information (Details) $ in Millions	Jan. 19, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 29, 2022 USD ($)	Feb. 04, 2024 USD ($)	Jan. 29, 2023 USD ($)	Jan. 30, 2022 USD ($)	Jun. 29, 2023 USD ($)	Jan. 31, 2021 USD ($)
Debt Instrument [Line Items]
Debt instrument floor rate				0.50%
Credit spread adjustment				0.0010
Interest rate on debt facility				10.20%	9.60%
Unamortized issuance discounts				$ 44.8	$ 56.6
Loss on debt refinancing				16.1	$ 1.5	$ 5.6
Credit Facility
Debt Instrument [Line Items]
Letter of credit facility outstanding				9.7
Borrowing available				490.3
Credit Facility \| Increase Of Revolving Credit Facility
Debt Instrument [Line Items]
Amount to increase revolving credit facility				$ 400.0
EBITDA multiplier to increase revolving credit facility 2				0.75
2023 Term B Loan
Debt Instrument [Line Items]
Credit spread adjustment		0.0010
Term Loan Facility
Debt Instrument [Line Items]
Senior secured credit facility			$ 850.0
Original issue discount			42.5
Debt instrument interest rate				5.00%
Term Loan Facility \| 2023 Term B Loan
Debt Instrument [Line Items]
Senior secured credit facility		$ 900.0
Discount rate		1.00%
Interest rate on debt facility		1.25%
Payment premium		0.0100
Credit spread adjustment	0.0010	0.0010
Step down adjustment	0.0025
Unamortized issuance discounts							$ 46.9
Write off of deferred debt issuance cost				$ 10.9
Expensed new fees				5.2
Loss on debt refinancing				$ 16.1
Term Loan Facility \| 2023 Refinancing Term B Loan
Debt Instrument [Line Items]
Senior secured credit facility		$ 843.6
Term Loan Facility \| 2023 Additional Term B Loan
Debt Instrument [Line Items]
Senior secured credit facility		$ 56.4
Term Loan Facility \| 2024 Term B Loan
Debt Instrument [Line Items]
Senior secured credit facility	$ 897.8
Interest rate on debt facility	0.50%
Payment premium	0.0100
Term Loan Facility \| 2024 Refinancing Term B Loan
Debt Instrument [Line Items]
Senior secured credit facility	$ 897.8
Revolving credit facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity			500.0
Maximum amount outstanding during period			35.0
Revolving credit facility \| Minimum
Debt Instrument [Line Items]
Debt instrument interest rate				4.25%
Commitment fee percentage				0.30%
Revolving credit facility \| Maximum
Debt Instrument [Line Items]
Debt instrument interest rate				4.75%
Commitment fee percentage				0.50%
Revolving credit facility \| Initial Rate
Debt Instrument [Line Items]
Debt instrument interest rate				4.75%
Commitment fee percentage				0.50%
Revolving credit facility \| 2023 Term B Loan \| Initial Rate \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage		0.30%
Revolving credit facility \| 2023 Term B Loan \| Initial Rate \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage		0.50%
Revolving credit facility \| 2023 Term B Loan \| Secured Overnight Financing Rate
Debt Instrument [Line Items]
Debt instrument interest rate		3.75%
Revolving credit facility \| 2023 Term B Loan \| Secured Overnight Financing Rate \| Minimum
Debt Instrument [Line Items]
Debt instrument interest rate		3.00%
Revolving credit facility \| 2023 Term B Loan \| Secured Overnight Financing Rate \| Maximum
Debt Instrument [Line Items]
Debt instrument interest rate		3.50%
Revolving credit facility \| 2023 Term B Loan \| Alternative Base Rate
Debt Instrument [Line Items]
Debt instrument interest rate		2.75%
Revolving credit facility \| 2023 Term B Loan \| Alternative Base Rate \| Minimum
Debt Instrument [Line Items]
Debt instrument interest rate		2.00%
Revolving credit facility \| 2023 Term B Loan \| Alternative Base Rate \| Maximum
Debt Instrument [Line Items]
Debt instrument interest rate		2.50%
Revolving credit facility \| 2024 Term B Loan \| Initial Rate \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage				0.30%
Revolving credit facility \| 2024 Term B Loan \| Initial Rate \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage				0.50%
Revolving credit facility \| 2024 Term B Loan \| Secured Overnight Financing Rate
Debt Instrument [Line Items]
Debt instrument interest rate	3.25%
Revolving credit facility \| 2024 Term B Loan \| Secured Overnight Financing Rate \| Minimum
Debt Instrument [Line Items]
Debt instrument interest rate				2.50%
Revolving credit facility \| 2024 Term B Loan \| Secured Overnight Financing Rate \| Maximum
Debt Instrument [Line Items]
Debt instrument interest rate				3.00%
Revolving credit facility \| 2024 Term B Loan \| Alternative Base Rate
Debt Instrument [Line Items]
Debt instrument interest rate				2.25%
Revolving credit facility \| 2024 Term B Loan \| Alternative Base Rate \| Minimum
Debt Instrument [Line Items]
Debt instrument interest rate				1.50%
Revolving credit facility \| 2024 Term B Loan \| Alternative Base Rate \| Maximum
Debt Instrument [Line Items]
Debt instrument interest rate				2.00%
Revolving credit facility \| Springing Maturity Date
Debt Instrument [Line Items]
Long-term debt, gross			$ 100.0
Date of outstanding debt prior to maturity date			91 days
Senior secured notes \| Senior Notes
Debt Instrument [Line Items]
Senior secured credit facility								$ 550.0
Interest rate on debt facility								7.625%
Repayment of senior secured notes				$ 110.0

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Millions	Feb. 04, 2024	Jan. 29, 2023
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 1,222.6	$ 1,043.7
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000	400,000
Common stock, shares issued (in shares)	62,860	62,420
Common stock, shares outstanding (in shares)	40,270	48,410
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Treasury stock, common, shares (in shares)	22,590	14,010

Income Taxes - Components of Deferred Income Tax Liability (Details) - USD ($) $ in Millions	Feb. 04, 2024	Jan. 29, 2023
Deferred tax assets:
Deferred revenue	$ 16.9	$ 18.1
Long-term lease obligation	426.5	434.8
Accrued liabilities	5.1	9.7
Workers compensation and general liability insurance	5.2	4.9
Share-based compensation	6.2	6.3
Financing obligation	20.9	0.0
Net operating loss carryovers	4.2	27.2
Tax credit carryovers	7.1	4.6
Excess business interest expense	19.1	0.5
Other	4.0	5.6
Subtotal	515.2	511.7
Less: Valuation allowance	(1.7)	(3.9)
Total deferred tax assets	513.5	507.8
Deferred tax liabilities:
Trademark/tradename	44.1	43.8
Property and equipment	197.0	179.5
Right of use assets	341.8	348.4
Other debt related items	11.9	0.0
Other	2.5	1.9
Total deferred tax liabilities	597.3	573.6
Deferred tax liability, net	$ 83.8	$ 65.8

Goodwill and Tradename Assets

12 Months Ended

Feb. 04, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Tradename Assets

The changes in the carrying amount of goodwill and tradename assets during fiscal 2023 and fiscal 2021 are as follows:


	Goodwill		Tradename
As of January 30, 2022	$	272.6	$	79.0
Acquisition of Main Event (1)	471.9		99.2

As of January 29, 2023	$	744.5	$	178.2
Adjustment to Main Event goodwill (1)(2)	(2.0)		—
As of February 4, 2024	$	742.5	$	178.2

(1) See Note 2 for discussion of the Main Event Acquisition.

(2) Adjustments to preliminary purchase price. The Company finalized its purchase accounting related to the Main Event Acquisition in the second quarter of 2023.

Leases - Lease Expense (Details) - USD ($) $ in Millions	12 Months Ended
Leases - Lease Expense (Details) - USD ($) $ in Millions	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Leases [Abstract]
Operating lease cost	$ 198.3	$ 168.2	$ 134.9
Variable lease cost	40.1	38.4	30.1
Short-term lease cost	2.9	2.1	0.6
Total lease cost	$ 241.3	$ 208.7	$ 165.6

Leases

12 Months Ended

Feb. 04, 2024

Leases [Abstract]

Leases

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


	February 4, 2024		January 29, 2023		January 30, 2022
Operating lease cost	$	198.3	$	168.2	$	134.9
Variable lease cost	40.1		38.4		30.1
Short-term lease cost (1)	2.9		2.1		0.6
Total lease cost	$	241.3	$	208.7	$	165.6

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 store support center, in the Consolidated Statements of Comprehensive Income.

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


	February 4, 2024			January 29, 2023			January 30, 2022
Cash paid for operating lease liabilities	$	204.3		$	189.3		$	157.1
ROU assets obtained in exchange for new operating lease liabilities (1)	$	92.8		$	376.2		$	72.5
Weighted-average remaining lease term—operating leases	12.9 years			13.6 years			14.2 years
Weighted-average discount rate—operating leases	7.5		%	7.1		%	6.0		%

(1)Includes the leases acquired in the business combination discussed at Note 2.

Minimum future maturities of operating lease liabilities as of February 4, 2024 were as follows:


2024	$	190.8
2025	208.7
2026	210.4
2027	207.3
2028	204.3
Thereafter	1,576.5
Total future operating lease liability	$	2,598.0
Less: interest	(963.4)
Present value of operating lease liabilities	$	1,634.6

Operating lease payments in the table above includes minimum lease payments for five future sites for which the leases have commenced. Operating lease payments exclude approximately $216.3 of minimum lease payments related to twelve facility leases that have been executed but have not yet commenced.

Sale-Leaseback Transaction

In October 2023, the Company entered into a sale and master lease agreement (a "sale-leaseback") with an unrelated third-party. Under these agreements, the Company sold four of its store properties, including land, buildings and certain improvements, at a sale price of $85.8 and then leased the assets back through the sale-leaseback transaction.

Based on certain criteria and in accordance with U.S. GAAP, the transaction was accounted for as a failed sale-leaseback. As a result, the store property assets remain on the consolidated balance sheet at their historical net book value and are depreciated over the remaining term of the master lease. A financing obligation liability was recognized in the amount of the net proceeds received in the amount of $84.2. The Company will not recognize rent expense related to the leased assets. Instead, monthly rent payments under the master lease agreement (initially, $6.4 per year) will be recorded as interest expense and a reduction of the outstanding liability.

As of February 4, 2024 the long-term outstanding liability of $83.7 was recorded in Other long-term liabilities and the current outstanding liability of $0.3 was recorded in Accrued liabilities on the consolidated balance sheet related to the financing liability.

Stockholders' Equity - Significant Assumptions Used in Determining Underlying Fair Value of Weighted-Average Options Granted (Details) - $ / shares	1 Months Ended	12 Months Ended
	Apr. 30, 2023	Feb. 04, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)		80,000.00
2014 Stock Incentive Plan \| April 2023 Time-Based Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	66.30%
Risk-free Interest Rate	3.50%
Expected Term (in years)	6 years 8 months 12 days
Weighted average grant date fair value (in dollars per share)	$ 22.27
Options granted (in shares)	70,000.00
2014 Stock Incentive Plan \| Other 2023 Time-Based Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility		67.20%
Risk-free Interest Rate		3.90%
Expected Term (in years)		7 years 3 months 18 days
Weighted average grant date fair value (in dollars per share)		$ 21.97
Options granted (in shares)		10,000.00

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Accrued Liabilities (Tables)

12 Months Ended

Feb. 04, 2024

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

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


	February 4, 2024		January 29, 2023
Deferred entertainment revenue	$	121.2	$	114.4
Current portion of operating lease liabilities, net (1)	63.1		64.1
Compensation and benefits	29.0		60.6
Deferred gift card revenue	20.3		16.4
Sales, use and other taxes	12.5		10.6
Property taxes	9.7		13.1
Customer deposits	9.7		8.7
Accrued interest	9.6		15.8
Utilities	7.5		7.2
Current portion of self-insurance reserves	5.7		6.7
Current portion of deferred occupancy costs	2.9		9.4
Other	14.8		15.9
Total accrued liabilities	$	306.0	$	342.9

(1) Leasehold incentive receivables from landlords of $13.0 and $5.9 as of February 4, 2024 and January 29, 2023, respectively, are reflected as a reduction of the current portion of operating lease liabilities.

Business Combination — Acquisition of Main Event - Summary of Unaudited Pro Forma Information Provides the Effect of the Acquisition of Main Event (Details) - Main Event $ in Millions	12 Months Ended
	Jan. 29, 2023 USD ($)
Business Acquisition Proforma Information [Line Items]
Total revenues	$ 2,165.0
Net income	$ 88.2

Accrued Liabilities

12 Months Ended

Feb. 04, 2024

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

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


	February 4, 2024		January 29, 2023
Deferred entertainment revenue	$	121.2	$	114.4
Current portion of operating lease liabilities, net (1)	63.1		64.1
Compensation and benefits	29.0		60.6
Deferred gift card revenue	20.3		16.4
Sales, use and other taxes	12.5		10.6
Property taxes	9.7		13.1
Customer deposits	9.7		8.7
Accrued interest	9.6		15.8
Utilities	7.5		7.2
Current portion of self-insurance reserves	5.7		6.7
Current portion of deferred occupancy costs	2.9		9.4
Other	14.8		15.9
Total accrued liabilities	$	306.0	$	342.9

Debt

12 Months Ended

Feb. 04, 2024

Debt Disclosure [Abstract]

Debt

Long-term debt consists of the following:


	February 4, 2024		January 29, 2023
Credit facility—revolver	$	—	$	—
Credit facility—term loan	897.8		847.8
Senior secured notes	440.0		440.0
Total debt outstanding	1,337.8		1,287.8
Less current installments of long-term debt	(9.0)		(8.5)
Less issue discounts and debt issuance costs	(44.8)		(56.6)
Long-term debt, net	$	1,284.0	$	1,222.7

Senior Secured Credit Agreement

In connection with the closing of the Main Event Acquisition on June 29, 2022, the Company entered into a senior secured credit agreement, which refinanced the $500.0 existing revolving facility, extended the maturity date to June 29, 2027, and added a new term loan facility in the aggregate principal amount of $850.0, with a maturity date of June 29, 2029 (“Credit Facility”). The proceeds of the term loan, net of an original issue discount of $42.5, were used to pay the consideration for the Main Event Acquisition. The revolving credit facility can expire before the stated maturity date if the aggregate outstanding principal amount of the Notes, as defined below, exceeds $100.0 ninety-one days prior to November 1, 2025. A portion of the revolving facility not to exceed $35.0 is available for the issuance of letters of credit. 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 serve as guarantors and/or co-borrowers.

As of February 4, 2024, we had letters of credit outstanding of $9.7 and an unused commitment balance of $490.3 under the revolving facility. The Credit Facility may be increased through incremental facilities, by an amount equal to the greater of (i) $400.0 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 original 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 original interest rates per

annum applicable to SOFR revolving loans (the “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 Revolving Loans became subject to a pricing grid based on net total leverage, ranging from 4.25% to 4.75%, and commitment fees became subject to a pricing grid based on net total leverage, ranging from 0.30% to 0.50%.

First Amendment to the Credit Facility (the “First Amendment”)

On June 30, 2023, D&B Inc entered into the First Amendment with its banking syndicate, which amended the Credit Facility. The Amendment provided for a new tranche of term loans in an aggregate principal amount of $900.0 (the “2023 Term B Loans”) which consisted of $843.6 of 2023 refinancing Term B Loans which refinanced in full the term loans outstanding immediately prior to the First Amendment effective date and $56.4 of 2023 additional Term B Loans, which were used for general corporate and working capital purposes. The 2023 Term B Loans, which were issued with an original issue discount of 1%, reduced the interest rate margin applicable to term loans and Revolving Loans outstanding under the Credit Facility by 1.25% and otherwise have terms substantially the same as the terms of the existing Term B Loans under the June 29, 2022 Credit Facility. The 2023 Term B Loans could be prepaid at any time, without premium or penalty, but were subject to a prepayment premium of 1.00% (subject to certain exceptions) if certain refinancing of, or amendment to, reduce the all-in-yield of the 2023 Term B Loans was made at any time during the first six months after the Amendment effective date.

Under the First Amendment, the 2023 Term B Loans bore interest at Term SOFR (plus an additional credit spread adjustment of 0.10%) or ABR (each, as defined in the amended Credit Facility) plus (i) in the case of Term SOFR loans, 3.75% per annum and (ii) in the case of ABR loans, 2.75% per annum. The Revolving Loans bore interest subject to a pricing grid based on net total leverage, at Term SOFR (plus an additional credit spread adjustment of 0.10%) plus a spread ranging from 3.00% to 3.50% per annum or ABR plus a spread ranging from 2.00% to 2.50% per annum. Unused commitments under the revolving facility incur initial commitment fees of 0.30% to 0.50%.

Second Amendment to the Credit Facility (the “Second Amendment”)

On January 19, 2024, D&B Inc entered into the Second Amendment with its banking syndicate, which amended the Credit Facility. The Second Amendment provides for a new tranche of term loans in an aggregate principal amount of $897.8 (the “2024 Term B Loans”) which consist of $897.8 of 2024 refinancing Term B Loans which refinanced in full the 2023 Term B Loans outstanding immediately prior to the Second Amendment effective date. The 2024 Term B Loans reduced the interest rate margin applicable to term loans and Revolving Loans outstanding under the Credit Facility by 0.50%, removed the previously existing 0.10% credit spread adjustment, provided for an additional 0.25% step-down if a rating of B1/B+ or higher from Moody’s and S&P is achieved (which will step back up if such rating is subsequently not maintained), and otherwise have terms substantially the same as the terms of the existing 2023 Term B Loans under the First Amendment. The 2024 Term B Loans could be prepaid at any time, without premium or penalty, but were subject to a prepayment premium of 1.00% (subject to certain exceptions) if certain refinancing of, or amendment to, reduce the all-in-yield of the 2024 Term B Loans is made at any time during the first six months after the Second Amendment effective date.

The 2024 Term B Loans bear interest at Term SOFR or ABR (each, as defined in the amended Credit Facility) plus (i) in the case of Term SOFR loans, 3.25% per annum and (ii) in the case of ABR loans, 2.25% per annum. The Revolving Loans bear interest subject to a pricing grid based on net total leverage, at Term SOFR plus a spread ranging from 2.50% to 3.00% per annum or ABR plus a spread ranging from 1.50% to 2.00% per annum. Unused commitments under the revolving facility incur initial commitment fees of 0.30% to 0.50%.

7.625% Senior Secured Notes

During fiscal 2020, the Company issued $550.0 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

$110.0 outstanding principal amount of the Notes. 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.

Loss on debt refinancing

Immediately prior to the First Amendment, the Company had $46.9 of unamortized issuance discounts and costs. As certain lenders exited the syndicate and were replaced by new syndicate members and the term loan facility was increased in size as a result of the First Amendment and Second Amendment described above, a portion of the term loan facility was deemed extinguished and a portion was determined to be modified. As a result, $10.9 of unamortized costs were written off and $5.2 of new fees were expensed on the modified portion resulting in a total charge of $16.1 included in loss on debt refinancing on the consolidated statements of comprehensive income for fiscal 2023. The remaining unamortized issuance discounts and new issuance discount and costs immediately subsequent to the refinancings were deferred and are amortized into interest expense, net over the remaining term of the Credit Facility.

Future debt obligations

Below is our future debt principal payment obligations as of February 4, 2024 by fiscal year:


2024	$	9.0
2025	449.0
2026	9.0
2027	9.0
2028	9.0
Thereafter	852.8
Total future payments	$	1,337.8

Interest expense and weighted average effective interest

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


	February 4, 2024		January 29, 2023		January 30, 2022
Interest expense on debt	$	121.8	$	77.7	$	43.5
Interest associated with swap agreements	—		4.1		7.5
Amortization of issue discount and issuance cost	11.8		8.5		4.2
Interest expense on sale-leaseback (1)	1.4		—		—
Interest income	(4.7)		(0.6)		—
Capitalized interest	(2.9)		(2.3)		(1.3)
Total interest expense, net	$	127.4	$	87.4	$	53.9

(1) See discussion of sale-leaseback transaction at Note 9 to the consolidated financial statements.

For fiscal 2023 and fiscal 2022, the Company’s weighted average effective interest rate on our total debt facilities (before capitalized interest amounts and excluding sale-leaseback interest) was 10.2% and 9.6%, respectively.

Business Combination — Acquisition of Main Event (Tables)

12 Months Ended

Feb. 04, 2024

Business Combination and Asset Acquisition [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	$	853.2
Contingent consideration (1)	13.8
Less: cash acquired	(34.5)
Total consideration	$	832.5

Assets:
Current assets	$	16.9
Property and equipment	338.3
Operating lease right of use assets	297.2
Tradenames	99.2
Other assets and deferred charges	5.8
Less Liabilities:
Accounts payable	20.1
Current portion of operating lease liabilities	11.6
Accrued liabilities	41.6
Operating lease liabilities	279.2
Deferred tax liabilities	35.8
Other liabilities	6.5
Net assets acquired, excluding goodwill	$	362.6
Goodwill	$	469.9

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 at the beginning of fiscal 2022:


	Fiscal Year Ended January 29, 2023
Total revenues	$	2,165.0
Net income	$	88.2

Income Taxes - Reconciliation of Effective Tax Rate To The Federal Income Tax Rate (Details)	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Income Tax Disclosure [Abstract]
Federal income tax rate	21.00%	21.00%	21.00%
State and local income taxes, net of federal benefit	4.80%	5.70%	5.00%
Permanent differences	2.30%	2.90%	2.00%
Tax credits	(7.70%)	(5.50%)	(4.90%)
Share-based compensation	(0.40%)	(1.30%)	(3.60%)
Other	2.20%	(1.80%)	(4.60%)
Effective tax rate	22.20%	21.00%	14.90%

Goodwill and Tradename Assets (Tables)

12 Months Ended

Feb. 04, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets, Net

The changes in the carrying amount of goodwill and tradename assets during fiscal 2023 and fiscal 2021 are as follows:


	Goodwill		Tradename
As of January 30, 2022	$	272.6	$	79.0
Acquisition of Main Event (1)	471.9		99.2

As of January 29, 2023	$	744.5	$	178.2
Adjustment to Main Event goodwill (1)(2)	(2.0)		—
As of February 4, 2024	$	742.5	$	178.2

(1) See Note 2 for discussion of the Main Event Acquisition.

(2) Adjustments to preliminary purchase price. The Company finalized its purchase accounting related to the Main Event Acquisition in the second quarter of 2023.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Goodwill and Tradename Assets - Schedule of Goodwill and Tradenames (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023
Goodwill [Roll Forward]
Beginning balance	$ 744.5	$ 272.6
Acquisition of Main Event		471.9
Adjustment to Main Event goodwill	(2.0)
Ending Balance	742.5	744.5
Intangible Assets [Roll Forward]
Beginning balance	178.2	79.0
Acquisition of Main Event		99.2
Adjustment to Main Event goodwill	0.0
Ending balance	$ 178.2	$ 178.2

- 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

Description of the Business and Summary of Significant Accounting Policies - Summary of Calculation of Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Feb. 04, 2024	Jan. 29, 2023	Jan. 30, 2022
Accounting Policies [Abstract]
Basic weighted average shares outstanding (in shares)	43,200	48,490	48,140
Weighted average dilutive impact of awards (in shares)	870	680	1,120
Diluted weighted average shares outstanding (in shares)	44,070	49,170	49,260
Weighted average awards excluded as antidilutive (in shares)	780	210	170

Inventories - Inventories (Details) - USD ($) $ in Millions	Feb. 04, 2024	Jan. 29, 2023
Inventory [Line Items]
Inventory	$ 37.2	$ 45.4
Operating store—food and beverage
Inventory [Line Items]
Inventory	11.5	10.9
Operating store—entertainment
Inventory [Line Items]
Inventory	14.1	18.6
Corporate—entertainment, supplies and other
Inventory [Line Items]
Inventory	$ 11.6	$ 15.9

Income Taxes

12 Months Ended

Feb. 04, 2024

Income Tax Disclosure [Abstract]

Income Taxes

The effective tax rate for fiscal 2023 was 22.2%, compared to 21.0% for fiscal 2022. The previous year tax provision includes higher excess tax benefits associated with share-based compensation.

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 carry-back of net operating losses generated in fiscal 2018, 2019 and 2020. The Company has $0.8 of federal tax refunds remaining from the fiscal 2020 carryback claim filed during fiscal 2021.

The following table sets forth our income tax provision:


	February 4, 2024		January 29, 2023		January 30, 2022
Current provision:
Federal	$	8.3	$	2.3	$	21.9
State and local	9.4		6.5		4.6
Foreign	1.3		0.1		0.3
Total current provision	19.0		8.9		26.8
Deferred provision:
Federal	16.2		25.0		(2.4)
State and local	2.5		3.1		(5.4)
Foreign	(1.5)		(0.5)		—
Total deferred provision (benefit)	17.2		27.6		(7.8)
Provision for income taxes	$	36.2	$	36.5	$	19.0

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


	February 4, 2024		January 29, 2023		January 30, 2022
Federal income tax rate	21.0	%	21.0	%	21.0	%
State and local income taxes, net of federal benefit	4.8	%	5.7	%	5.0	%
Permanent differences	2.3	%	2.9	%	2.0	%
Tax credits	(7.7)	%	(5.5)	%	(4.9)	%
Share-based compensation	(0.4)	%	(1.3)	%	(3.6)	%
Other	2.2	%	(1.8)	%	(4.6)	%
Effective tax rate	22.2	%	21.0	%	14.9	%

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


	February 04, 2024		January 29, 2023
Deferred tax assets:
Deferred revenue	$	16.9	$	18.1
Long-term lease obligation	426.5		434.8
Accrued liabilities	5.1		9.7
Workers compensation and general liability insurance	5.2		4.9
Share-based compensation	6.2		6.3
Financing obligation	20.9		—
Net operating loss carryovers	4.2		27.2
Tax credit carryovers	7.1		4.6
Excess business interest expense	19.1		0.5
Other	4.0		5.6
Subtotal	515.2		511.7
Less: Valuation allowance	(1.7)		(3.9)
Total deferred tax assets	$	513.5	$	507.8
Deferred tax liabilities:
Trademark/tradename	$	44.1	$	43.8
Property and equipment	197.0		179.5
Right of use assets	341.8		348.4
Other debt related items	11.9		—
Other	2.5		1.9
Total deferred tax liabilities	$	597.3	$	573.6
Deferred tax liability, net	$	83.8	$	65.8

As of February 4, 2024, we had $84.1 of state net operating loss carryforwards, which will begin to expire in fiscal 2024, and foreign tax credit carryovers of $1.6, which will begin to expire in 2028.

During fiscal 2023, the decrease in the valuation allowance of $(2.3) 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.

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


	February 4, 2024		January 29, 2023		January 30, 2022
Balance at beginning of year	$	1.9	$	3.0	$	2.5
Additions for tax positions of prior years	1.1		—		—
Reductions for tax positions of prior years	—		(0.8)		—
Additions for tax positions of current year	6.1		—		0.8
Lapse of statute of limitations	(0.5)		(0.3)		(0.3)
Balance at end of year	$	8.6	$	1.9	$	3.0

The February 4, 2024 balance of unrecognized tax benefits includes $2.4, that if recognized, would affect our effective tax rate. At February 4, 2024, and January 29, 2023, we had accrued interest and penalties of $0.6 and $0.5, respectively. The Company recorded accrued interest related to the unrecognized tax benefits and penalties as a component of the provision for income taxes recognized in the Consolidated Statements of Comprehensive Income.

In the next twelve months, it is reasonably possible that our unrecognized tax benefits could change due to the resolution of certain tax matters, including payments on those tax matters or due to lapse of the statute of limitations. These resolutions and payments could reduce our unrecognized tax benefits by up to $0.6.

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 $(0.8), $(3.1), and $(6.9), in fiscal 2023, fiscal 2022 and fiscal 2021, respectively, to the provision for income taxes in the Consolidated Statements of Comprehensive Income.

- 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
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details