0001628280-24-027828 | 10-Q | XBRL Viewer | Dave Busters Entertainment INC

Summary of Significant Accounting Policies (Policies)

3 Months Ended

May 05, 2024

Fiscal Calendar — The Company has historically operated on a 52 or 53-week fiscal year that ends on the Sunday after the Saturday closest to January 31. Each quarterly period reported has 13 weeks, except for 53-week fiscal years when the fourth quarter has 14 weeks. Fiscal 2023, which ended on February 4, 2024, followed this calendar and had 53 weeks. The first quarter of fiscal 2024 also followed this calendar and had 13 weeks.

On May 6, 2024, the first day of the 2nd quarter of fiscal 2024, the Company changed its fiscal year to end on the Tuesday after the Monday closest to January 31st. As a result of this change, the second quarter and fiscal year 2024 have two additional days added to its normal 13-week quarter and 52-week year. The 2nd, 3rd and 4th quarters of fiscal 2024 will end on August 6, 2024; November 5, 2024; and February 4, 2025, respectively.

Basis of presentation

Basis of Presentation — The Company’s financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States for interim financial information as prescribed by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and notes required by GAAP for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. Our quarterly financial data should be read in conjunction with the audited financial statements and notes thereto for the year ended February 4, 2024, included in our Annual Report on Form 10-K.

Use of estimates

The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities at the date of the consolidated financial statements and for the period then ended. Actual results could differ from those estimates. Operating results for the thirteen weeks ended May 5, 2024 are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year ending February 4, 2025.

Cash and cash equivalents

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. There were no book overdrafts as of May 5, 2024 or as of February 4, 2024.

Fair value of financial instruments

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.

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 as defined under GAAP. The fair value of the Company's debt was as follows as of the periods indicated:


	May 5, 2024		February 4, 2024
Revolving credit facility	$	5.0	—
Term loan	896.6		898.3
Senior secured notes	443.6		445.0
	$	1,345.2	$	1,343.3

Revenue

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 Company's revenue for these categories was as follows:


	Thirteen Weeks Ended
		May 5, 2024		April 30, 2023
Entertainment		$	380.8	$	386.1
Other (1)		4.9		7.0
Entertainment revenues		$	385.7	$	393.1

Food and non-alcoholic beverages		$	135.6	$	136.1
Alcoholic beverages		66.8		68.1
Food and beverage revenues		$	202.4	$	204.2

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

Revenue recognition — Customers purchase cards with game play credits or “chips” to be used on a variety of redemption and simulation games. Entertainment revenues related to game play primarily consist of game play credits, which are 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 related to unredeemed game play credits and tickets. The deferral is based on an estimated rate of future use by customers of unused game play credits and the material right provided to customers to redeem tickets in the future for prizes. During the thirteen weeks ended May 5, 2024, we recognized revenue of $28.3 related to the amount in deferred entertainment revenues as of the end of fiscal 2023. These revenues are included in entertainment revenues on the consolidated statements of comprehensive income.

We recognize revenue on unredeemed gift cards in proportion to the pattern of redemption by the customers. During the thirteen weeks ended May 5, 2024, we recognized revenue of $5.6 related to the amount in deferred gift card revenue as of the end of fiscal 2023. These revenues are included in Entertainment revenues on the consolidated statements of comprehensive income.

Earnings per share

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.

Recent accounting pronouncements

Recent accounting pronouncements — We reviewed the accounting pronouncements that became effective for fiscal year 2024 and determined that either they were not applicable, or they did not have a material impact on the consolidated financial statements. See discussion at Note 1 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended February 4, 2024 for previously issued accounting pronouncements that may have an impact to the Company in the future.

Accounting reclassifications

Accounting reclassifications — We reclassified $0.9 to cost of entertainment and $3.1 to cost of food and beverage, respectively, from other store operating expenses for the thirteen weeks ended April 30, 2023 to be consistent with the presentation for the thirteen weeks ended May 5, 2024. During the thirteen weeks ended May 5, 2024, we determined that reclassifying the expenses, which are primarily related to inventory items provided to customers during promotions and events, results in a clearer presentation of the cost of goods sold.

Stockholders' Equity and Share-Based Compensation - Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Detail) - USD ($) $ in Millions	3 Months Ended
	May 05, 2024	Apr. 30, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	$ 4.0	$ 6.7
General and administrative expenses
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	$ 4.0	$ 6.7

Summary of Significant Accounting Policies

3 Months Ended

May 05, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

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

During the thirteen weeks ended May 5, 2024, the Company opened four stores, and as of May 5, 2024, the Company owned and operated 224 stores in 43 states, Puerto Rico and one Canadian province.

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.


	May 5, 2024		February 4, 2024
Revolving credit facility	$	5.0	—
Term loan	896.6		898.3
Senior secured notes	443.6		445.0
	$	1,345.2	$	1,343.3


	Thirteen Weeks Ended
		May 5, 2024		April 30, 2023
Entertainment		$	380.8	$	386.1
Other (1)		4.9		7.0
Entertainment revenues		$	385.7	$	393.1

Food and non-alcoholic beverages		$	135.6	$	136.1
Alcoholic beverages		66.8		68.1
Food and beverage revenues		$	202.4	$	204.2

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

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


	Thirteen Weeks Ended
		May 5, 2024	April 30, 2023
Basic weighted average shares outstanding		40.32	47.93
Weighted average dilutive impact of awards		1.32	0.54
Diluted weighted average shares outstanding		41.64	48.47
Weighted average awards excluded as anti-dilutive		0.10	0.52

Subsequent Event	3 Months Ended
Subsequent Event	May 05, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event Between May 6 and the filing of this quarterly report on Form 10-Q, the Company repurchased 0.79 shares for a total of $40.3, excluding the impact of excise taxes that will be due under the Inflation Reduction Act of 2022. In fiscal 2024, through the filing of this quarterly report on Form 10-Q, the Company has repurchased 0.97 shares for a total of $50.0 representing 2.4% of the shares issued and outstanding as of February 4, 2024.

Leases - Additional Information (Detail) $ in Millions	1 Months Ended
Leases - Additional Information (Detail) $ in Millions	Oct. 31, 2023 USD ($) store	May 05, 2024 USD ($) option lease
Operating Leased Assets [Line Items]
Number of options to renew \| option		1
Future minimum rent operating leases not yet commenced		$ 198.3
Number of leases not yet commenced \| lease		9
Stores sold \| store	4
Price of stores sold	$ 85.8
Proceeds from sale-leaseback transaction	84.2
Monthly rent expense	$ 6.4
Current outstanding liability		$ 0.2
Long term outstanding liability recorded in other liabilities		$ 83.6
Minimum
Operating Leased Assets [Line Items]
Term of contract		10 years
Maximum
Operating Leased Assets [Line Items]
Term of contract		20 years

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 05, 2024	Feb. 04, 2024
Current Assets:
Cash and cash equivalents	$ 32.1	$ 37.3
Inventories	37.8	37.2
Prepaid expenses	34.1	18.2
Income taxes receivable	13.2	22.9
Accounts receivable	20.6	21.9
Total current assets	137.8	137.5
Property and equipment (net of $1,284.6 and $1,222.6 of accumulated depreciation as of May 5, 2024 and February 4, 2024, respectively)	1,371.3	1,332.7
Operating lease right of use assets, net	1,314.4	1,323.3
Deferred tax assets	6.1	6.0
Tradenames	178.2	178.2
Goodwill	742.5	742.5
Other assets and deferred charges	35.0	34.2
Total assets	3,785.3	3,754.4
Current Liabilities:
Current installments of long-term debt	9.0	9.0
Accounts payable	109.4	118.6
Accrued liabilities	303.0	306.0
Income taxes payable	2.7	2.0
Total current liabilities	424.1	435.6
Deferred income taxes	90.9	89.8
Operating lease liabilities	1,552.0	1,558.5
Other long-term liabilities	136.6	135.3
Long-term debt, net	1,289.2	1,284.0
Commitments and contingencies
Stockholders’ equity:
Common stock, par value $0.01; authorized: 400.00 shares; issued: 63.15 shares at May 5, 2024 and 62.86 at February 4, 2024; outstanding: 40.35 shares at May 5, 2024 and 40.27 at February 4, 2024	0.6	0.6
Preferred stock, 50.00 authorized; none issued	0.0	0.0
Paid-in capital	609.1	597.6
Treasury stock, 22.80 and 22.59 shares as of May 5, 2024 and February 4, 2024, respectively	(956.8)	(945.3)
Accumulated other comprehensive loss	(1.0)	(0.9)
Retained earnings	640.6	599.2
Total stockholders’ equity	292.5	251.2
Total liabilities and stockholders’ equity	$ 3,785.3	$ 3,754.4

Debt (Tables)

3 Months Ended

May 05, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consists of the following:


	May 5, 2024		February 4, 2024
Credit facility—revolver	$	5.0	$	—
Credit facility—term loan	895.5		897.8
Senior secured notes	440.0		440.0
Total debt outstanding	1,340.5		1,337.8
Less current installments of long-term debt	(9.0)		(9.0)
Less issue discounts and debt issuance costs	(42.3)		(44.8)
Long-term debt, net	$	1,289.2	$	1,284.0

Summary of Recorded Interest Expense

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


	Thirteen Weeks Ended
	May 5, 2024		April 30, 2023
Interest expense on debt	$	29.6	$	30.1
Interest associated with swap agreements	—		(0.2)
Amortization of issue discount and issuance cost	2.8		3.0
Interest expense on sale-leaseback (1)	1.4		—
Interest income	(0.1)		(1.7)
Capitalized interest	(0.6)		(0.5)
Total interest expense, net	$	33.1	$	30.7

(1) See discussion of sale-leaseback transaction at Note 3 to the consolidated financial statements.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Millions	Total	Common Stock	Paid-In Capital	Treasury Stock At Cost	Accumulated Other Comprehensive Loss	Retained Earnings
Beginning balance (in shares) at Jan. 29, 2023		62,420
Beginning balance at Jan. 29, 2023	$ 410.5	$ 0.6	$ 577.5	$ (639.0)	$ (0.9)	$ 472.3
Beginning balance (in shares) at Jan. 29, 2023				14,010
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	70.1					70.1
Unrealized foreign currency translation loss	0.0
Share-based compensation	6.7		6.7
Issuance of common stock (in shares)		90
Issuance of common stock	0.1		0.1
Repurchase of common stock (in shares)				3,620
Repurchase of common stock	(127.5)			$ (127.5)
Ending balance (in shares) at Apr. 30, 2023		62,510
Ending balance at Apr. 30, 2023	$ 359.9	$ 0.6	584.3	$ (766.5)	(0.9)	542.4
Ending balance (in shares) at Apr. 30, 2023				17,630
Beginning balance (in shares) at Feb. 04, 2024	40,270	62,860
Beginning balance at Feb. 04, 2024	$ 251.2	$ 0.6	597.6	$ (945.3)	(0.9)	599.2
Beginning balance (in shares) at Feb. 04, 2024	22,590			22,590
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 41.4					41.4
Unrealized foreign currency translation loss	(0.1)				(0.1)
Share-based compensation	4.0		4.0
Issuance of common stock (in shares)		290
Issuance of common stock	7.5		7.5
Repurchase of common stock (in shares)				210
Repurchase of common stock	$ (11.5)			$ (11.5)
Ending balance (in shares) at May. 05, 2024	40,350	63,150
Ending balance at May. 05, 2024	$ 292.5	$ 0.6	$ 609.1	$ (956.8)	$ (1.0)	$ 640.6
Ending balance (in shares) at May. 05, 2024	22,800			22,800

Income Taxes - Additional Information (Detail)	3 Months Ended
Income Taxes - Additional Information (Detail)	May 05, 2024	Apr. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	21.00%	22.70%

Accrued Liabilities (Tables)

3 Months Ended

May 05, 2024

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consist of the following as of the dates presented:


	May 5, 2024		February 4, 2024
Deferred entertainment revenue	$	123.4	$	121.2
Current portion of operating lease liabilities, net (1)	60.0		63.1
Compensation and benefits	36.8		29.0
Deferred gift card revenue	20.4		20.3
Customer deposits	14.9		9.7
Property taxes	11.6		9.7
Sales and use and other taxes	9.7		12.5
Utilities	8.0		7.5
Current portion of self-insurance reserves	5.7		5.7
Current portion of deferred occupancy costs	2.9		2.9
Accrued interest	2.5		9.6
Other	7.1		14.8
Total accrued liabilities	$	303.0	$	306.0

(1)The balance of leasehold incentive receivables of $16.6 and $13.0 as of May 5, 2024 and February 4, 2024, respectively, is reflected as a reduction of the current portion of operating lease liabilities.

Debt - Long-Term Debt (Detail) - USD ($) $ in Millions	May 05, 2024	Feb. 04, 2024
Debt Instrument [Line Items]
Long-term debt	$ 1,340.5	$ 1,337.8
Less current installments of long-term debt	(9.0)	(9.0)
Less issue discounts and debt issuance costs	(42.3)	(44.8)
Long-term debt, net	1,289.2	1,284.0
Credit facility—revolver
Debt Instrument [Line Items]
Credit facility	5.0	0.0
Credit facility—term loan
Debt Instrument [Line Items]
Credit facility	895.5	897.8
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.

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- 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

Stockholders' Equity and Share-Based Compensation - Schedule of Transactions Related to Stock Option Awards (Detail) - 2014 Stock Incentive Plan shares in Thousands, $ in Millions	3 Months Ended
	May 05, 2024 USD ($) shares
Number of Options
Options outstanding, beginning (in shares)	2,330
Granted (in shares)	220
Exercised (in shares)	(160)
RSU vested (in shares)	(120)
Forfeited (in shares)	(40)
Options outstanding, ending (in shares)	2,230
Remaining unrecognized compensation expense \| $	$ 33.5
Options
Number of Options
Options outstanding, beginning (in shares)	820
Granted (in shares)	60
Exercised (in shares)	(160)
Forfeited (in shares)	0
Options outstanding, ending (in shares)	720
Remaining unrecognized compensation expense \| $	$ 4.2
Restricted Stock Units
Number of Options
Options outstanding, beginning (in shares)	1,510
Granted (in shares)	160
RSU vested (in shares)	(120)
Forfeited (in shares)	(40)
Options outstanding, ending (in shares)	1,510
Remaining unrecognized compensation expense \| $	$ 29.3

Stockholders' Equity and Share-Based Compensation

3 Months Ended

May 05, 2024

Equity [Abstract]

Stockholders' Equity and Share-Based Compensation

Share issuances and repurchases

The Company treats shares withheld for tax purposes on behalf of our employees in connection with the vesting of time-based and performance-based restricted stock units as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. These were immaterial for all periods presented.

Our Board of Directors has approved a share repurchase program with a total authorization limit of $500.0. During the thirteen weeks ended May 5, 2024, the Company repurchased 0.18 million shares at an average of $52.97 per share. The remaining dollar value of shares that may be repurchased under the program was $190.2 as of May 5, 2024. Future decisions to repurchase shares continue to be at the discretion of the Board of Directors and will be dependent on our operating performance, financial condition, capital expenditure requirements and other factors that the Board of Directors considers relevant.

Share-based compensation

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


	Thirteen Weeks Ended
		May 5, 2024		April 30, 2023
General and administrative expenses		$	4.0	$	6.7

Our share-based compensation award activity during the thirteen weeks ended May 5, 2024 was as follows:


	Options		Restricted Stock Units		Total
Outstanding at February 4, 2024	0.82		1.51		2.33
Granted	0.06		0.16		0.22
Exercised	(0.16)		n/a		(0.16)

RSUs vested	n/a		(0.12)		(0.12)
Forfeited	—		(0.04)		(0.04)
Outstanding at May 5, 2024	0.72		1.51		2.23
Remaining unrecognized compensation expense	$	4.2	$	29.3	$	33.5

The fair value of our time-based and performance-based restricted stock units is based on our closing stock price on the date of grant. The grant date fair value of stock options was determined using the Black-Scholes option valuation model. The grant date fair value of performance-based awards with market conditions was determined using the Monte Carlo valuation model. The unrecognized expense will be substantially recognized by the end of fiscal 2026.

During the thirteen weeks ended May 5, 2024, the Company granted certain options and time-based and performance-based restricted stock units to employees and directors of the Company. These grants vest over a range of one year to five years. Certain of the market-based restricted stock units can vest earlier if the targets are achieved prior to that time. As a result, the requisite service period for such grants was determined to be less than the explicit service period.

- 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 and Share-Based Compensation - Additional Information (Detail) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	May 05, 2024 USD ($) $ / shares shares
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock repurchase program, authorized amount	$ 500.0
Treasury shares acquired not including shares paid for tax withholding for share based compensation (in shares) \| shares	180
Weighted average price of shares acquired (in dollars per share) \| $ / shares	$ 52.97
Share repurchase program, amount	$ 190.2
Minimum
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period	1 year
Maximum
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period	5 years

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	May 05, 2024	Apr. 30, 2023
Total revenues	$ 588.1	$ 597.3
Total cost of products	87.3	94.3
Operating payroll and benefits	141.6	130.6
Other store operating expenses	176.1	166.0
General and administrative expenses	31.5	31.4
Depreciation and amortization expenses	62.8	48.9
Pre-opening costs	3.3	4.7
Total operating costs	502.6	475.9
Operating income	85.5	121.4
Interest expense, net	33.1	30.7
Income before provision for income taxes	52.4	90.7
Provision for income taxes	11.0	20.6
Net income	41.4	70.1
Unrealized foreign currency translation loss	(0.1)	0.0
Total other comprehensive loss	(0.1)	0.0
Total comprehensive income	$ 41.3	$ 70.1
Net income per share:
Basic (in dollars per share)	$ 1.03	$ 1.46
Diluted (in dollars per share)	$ 0.99	$ 1.45
Weighted average shares used in per share calculations:
Basic (in shares)	40,320	47,930
Diluted (in shares)	41,640	48,470
Entertainment revenues
Total revenues	$ 385.7	$ 393.1
Cost of entertainment	33.2	35.2
Food and beverage revenues
Total revenues	202.4	204.2
Cost of food and beverage	$ 54.1	$ 59.1

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	May 05, 2024	Feb. 04, 2024
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 1,284.6	$ 1,222.6
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000.00	400,000,000.00
Common stock, shares issued (in shares)	63,150,000	62,860,000
Common stock, shares outstanding (in shares)	40,350,000	40,270,000
Preferred stock, shares authorized (in shares)	50,000,000.00	50,000,000.00
Preferred stock, shares issued (in shares)	0	0
Beginning balance treasury stock, shares (in shares)	22,800,000	22,590,000

Summary of Significant Accounting Policies - Schedule of Earnings Per Share, Basic and Diluted (Detail) - shares shares in Thousands	3 Months Ended
	May 05, 2024	Apr. 30, 2023
Accounting Policies [Abstract]
Basic weighted average shares outstanding (in shares)	40,320	47,930
Weighted average dilutive impact of awards (in shares)	1,320	540
Diluted weighted average shares outstanding (in shares)	41,640	48,470
Weighted average awards excluded as anti-dilutive (in shares)	100	520

Debt - Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended
Debt - Interest Expense (Details) - USD ($) $ in Millions	May 05, 2024	Apr. 30, 2023
Debt Disclosure [Abstract]
Interest expense on debt	$ 29.6	$ 30.1
Interest associated with swap agreements	0.0	(0.2)
Amortization of issue discount and issuance cost	2.8	3.0
Interest expense on sale-leaseback	1.4	0.0
Interest income	(0.1)	(1.7)
Capitalized interest	(0.6)	(0.5)
Total interest expense, net	$ 33.1	$ 30.7

- Definition

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

+ References + Details

Debt - Additional Information (Detail) $ in Millions		12 Months Ended
Debt - Additional Information (Detail) $ in Millions	Jun. 29, 2022 USD ($)	Jan. 30, 2022 USD ($)	May 05, 2024 USD ($)	Apr. 30, 2023	Jan. 31, 2021 USD ($)
Debt Instrument [Line Items]
Weighted average interest rate on outstanding borrowings			9.70%	9.50%
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			0.75
Credit facility—revolver
Debt Instrument [Line Items]
Line of credit facility, maximum amount outstanding during period	$ 35.0
Borrowing available			$ 484.0
Letter of credit facility outstanding			$ 11.0
Credit facility—revolver \| SOFR Rate
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment	3.25%
Credit facility—revolver \| SOFR Rate \| Minimum
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment	2.50%
Credit facility—revolver \| SOFR Rate \| Maximum
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment	3.00%
Credit facility—revolver \| ABR Loans
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment	2.25%
Credit facility—revolver \| ABR Loans \| Minimum
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment	1.50%
Credit facility—revolver \| ABR Loans \| Maximum
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment	2.00%
Credit facility—revolver \| Initial Rate \| Minimum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.30%
Credit facility—revolver \| Initial Rate \| Maximum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.50%
Senior Notes \| Senior secured notes
Debt Instrument [Line Items]
Weighted average interest rate on outstanding borrowings					7.625%
Senior secured credit facility					$ 550.0
Outstanding principal amount of notes		$ 110.0
Springing Maturity Date \| Credit facility—revolver
Debt Instrument [Line Items]
Long term debt, gross	$ 100.0
Date of outstanding debt prior to maturity date	91 days
Term loan \| 2023 Term B Loan
Debt Instrument [Line Items]
Additional step down	0.0025

Debt

3 Months Ended

May 05, 2024

Debt Disclosure [Abstract]

Debt

Long-term debt consists of the following:


	May 5, 2024		February 4, 2024
Credit facility—revolver	$	5.0	$	—
Credit facility—term loan	895.5		897.8
Senior secured notes	440.0		440.0
Total debt outstanding	1,340.5		1,337.8
Less current installments of long-term debt	(9.0)		(9.0)
Less issue discounts and debt issuance costs	(42.3)		(44.8)
Long-term debt, net	$	1,289.2	$	1,284.0

June 29, 2022 Credit Facility

The Company has a senior secured credit agreement including a revolving credit facility with a maturity date of June 29, 2027, and a term loan facility with a maturity date of June 29, 2029 (“Credit Facility”).

The revolving credit facility can expire before the stated maturity date if the aggregate outstanding principal amount of the 7.625% senior notes (described 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. As of May 5, 2024, we had letters of credit outstanding of $11.0 and an unused commitment balance of $484.0 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 in the Credit Facility, plus additional amounts subject to compliance with applicable leverage ratio and/or interest coverage ratio requirements. The Credit Facility is unconditionally guaranteed by D&B Holdings and certain of D&B Inc’s existing and future wholly owned material domestic subsidiaries.

The term loan facility bears 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%. The interest rate margin applicable to term loans and Revolving Loans outstanding under the Credit Facility would be subject to 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)

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.

Restrictive covenants and debt compliance

Our debt agreements contain restrictive covenants that, among other things, place certain limitations on our ability to incur additional indebtedness, make loans or advances to subsidiaries and other entities, pay dividends, acquire other businesses or sell assets. The Credit Facility also requires the Company to maintain a maximum net total leverage ratio, as defined, as of the end of each fiscal quarter. We were in compliance with our covenants and the terms of our debt agreements as of May 5, 2024.

Interest expense

The Company’s weighted average effective interest rate on our total debt facilities was 9.7% and 9.5% for the thirteen weeks ended May 5, 2024 and April 30, 2023, respectively.

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


	Thirteen Weeks Ended
	May 5, 2024		April 30, 2023
Interest expense on debt	$	29.6	$	30.1
Interest associated with swap agreements	—		(0.2)
Amortization of issue discount and issuance cost	2.8		3.0
Interest expense on sale-leaseback (1)	1.4		—
Interest income	(0.1)		(1.7)
Capitalized interest	(0.6)		(0.5)
Total interest expense, net	$	33.1	$	30.7

(1) See discussion of sale-leaseback transaction at Note 3 to the consolidated financial statements.

Summary of Significant Accounting Policies (Tables)

3 Months Ended

May 05, 2024

Accounting Policies [Abstract]

Schedule of Debt Securities, Available-for-Sale

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


	May 5, 2024		February 4, 2024
Revolving credit facility	$	5.0	—
Term loan	896.6		898.3
Senior secured notes	443.6		445.0
	$	1,345.2	$	1,343.3

Summary of Revenue from Segments

The Company's revenue for these categories was as follows:


	Thirteen Weeks Ended
		May 5, 2024		April 30, 2023
Entertainment		$	380.8	$	386.1
Other (1)		4.9		7.0
Entertainment revenues		$	385.7	$	393.1

Food and non-alcoholic beverages		$	135.6	$	136.1
Alcoholic beverages		66.8		68.1
Food and beverage revenues		$	202.4	$	204.2

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

Schedule of Earnings Per Share, Basic and Diluted

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


	Thirteen Weeks Ended
		May 5, 2024	April 30, 2023
Basic weighted average shares outstanding		40.32	47.93
Weighted average dilutive impact of awards		1.32	0.54
Diluted weighted average shares outstanding		41.64	48.47
Weighted average awards excluded as anti-dilutive		0.10	0.52

- 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

Stockholders' Equity and Share-Based Compensation (Tables)

3 Months Ended

May 05, 2024

Equity [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangement

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


	Thirteen Weeks Ended
		May 5, 2024		April 30, 2023
General and administrative expenses		$	4.0	$	6.7

Schedule of Transactions Related to Stock Options Awards

Our share-based compensation award activity during the thirteen weeks ended May 5, 2024 was as follows:


	Options		Restricted Stock Units		Total
Outstanding at February 4, 2024	0.82		1.51		2.33
Granted	0.06		0.16		0.22
Exercised	(0.16)		n/a		(0.16)

RSUs vested	n/a		(0.12)		(0.12)
Forfeited	—		(0.04)		(0.04)
Outstanding at May 5, 2024	0.72		1.51		2.23
Remaining unrecognized compensation expense	$	4.2	$	29.3	$	33.5

Summary of Significant Accounting Policies - Schedule of Debt Securities, Available-for-Sale (Detail) - USD ($) $ in Millions	May 05, 2024	Feb. 04, 2024
Description Of Business And Basis Of Presentation [Line Items]
Long-term debt, fair value	$ 1,345.2	$ 1,343.3
Revolving credit facility
Description Of Business And Basis Of Presentation [Line Items]
Long-term debt, fair value	5.0	0.0
Term loan
Description Of Business And Basis Of Presentation [Line Items]
Long-term debt, fair value	896.6	898.3
Senior secured notes
Description Of Business And Basis Of Presentation [Line Items]
Long-term debt, fair value	$ 443.6	$ 445.0

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	May 05, 2024	Apr. 30, 2023
Cash flows from operating activities:
Net income	$ 41.4	$ 70.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	62.8	48.9
Non-cash interest expense	2.8	3.0
Deferred taxes	1.0	12.1
Share-based compensation	4.0	6.7
Other, net	3.0	0.5
Changes in assets and liabilities:
Inventories	(0.6)	(2.5)
Prepaid expenses	(15.9)	(7.7)
Income tax receivable	9.7	4.0
Accounts receivable	1.3	1.4
Other assets and deferred charges	(1.4)	1.5
Accounts payable	1.8	(24.5)
Accrued liabilities	(3.1)	(23.5)
Income taxes payable	0.7	1.8
Other long-term liabilities	1.3	0.6
Net cash provided by operating activities:	108.8	92.4
Cash flows from investing activities:
Capital expenditures	(113.0)	(51.2)
Proceeds from sales of property and equipment	0.2	0.4
Net cash used in investing activities:	(112.8)	(50.8)
Cash flows from financing activities:
Proceeds from term loan and revolver	81.0	0.0
Term loan and revolver payments	(78.2)	(4.3)
Proceeds from the exercise of stock options	7.5	0.1
Repurchases of common stock under share repurchase program	(9.8)	(126.9)
Repurchases of common stock to satisfy employee withholding tax obligations	(1.7)	(0.6)
Net cash used in financing activities:	(1.2)	(131.7)
Decrease in cash and cash equivalents	(5.2)	(90.1)
Beginning cash and cash equivalents	37.3	181.6
Ending cash and cash equivalents	32.1	91.5
Supplemental disclosures of cash flow information:
Increase/(decrease) in accounts payable for the acquisition of property and equipment	(11.0)	3.8
Cash paid for income taxes, net	0.1	1.3
Cash paid for interest, net	$ 35.7	$ 27.2

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Millions	May 05, 2024	Feb. 04, 2024
Accrued Liabilities, Current [Abstract]
Deferred entertainment revenue	$ 123.4	$ 121.2
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued liabilities	Total accrued liabilities
Current portion of operating lease liabilities, net	$ 60.0	$ 63.1
Compensation and benefits	36.8	29.0
Deferred gift card revenue	20.4	20.3
Customer deposits	14.9	9.7
Property taxes	11.6	9.7
Sales and use and other taxes	9.7	12.5
Utilities	8.0	7.5
Current portion of self-insurance reserves	5.7	5.7
Current portion of deferred occupancy costs	2.9	2.9
Accrued interest	2.5	9.6
Other	7.1	14.8
Total accrued liabilities	303.0	306.0
Receivables for tenant improvement allowances	$ 16.6	$ 13.0

Accrued Liabilities

3 Months Ended

May 05, 2024

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

Accrued liabilities consist of the following as of the dates presented:


	May 5, 2024		February 4, 2024
Deferred entertainment revenue	$	123.4	$	121.2
Current portion of operating lease liabilities, net (1)	60.0		63.1
Compensation and benefits	36.8		29.0
Deferred gift card revenue	20.4		20.3
Customer deposits	14.9		9.7
Property taxes	11.6		9.7
Sales and use and other taxes	9.7		12.5
Utilities	8.0		7.5
Current portion of self-insurance reserves	5.7		5.7
Current portion of deferred occupancy costs	2.9		2.9
Accrued interest	2.5		9.6
Other	7.1		14.8
Total accrued liabilities	$	303.0	$	306.0

Leases

3 Months Ended

May 05, 2024

Leases [Abstract]

Leases

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

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 and warehouse, in the consolidated statement of comprehensive income.

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


	Thirteen Weeks Ended
		May 5, 2024		April 30, 2023
Operating lease cost		$	50.3	$	48.0
Variable lease cost		10.9		10.7
Short-term lease cost		0.3		0.7
Total		$	61.5	$	59.4

Operating lease payments in the table above includes minimum lease payments for future sites for which the leases have commenced. As of May 5, 2024, the Company had signed lease agreements with total lease payments of $198.3 related to nine facility leases which had not yet commenced. Fixed minimum lease payments related to these facilities are not included in the right-of-use assets and lease liabilities on the consolidated balance sheets as of May 5, 2024.

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 this agreement, 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.

The transaction was accounted for as a failed sale-leaseback based on U.S. GAAP. 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 May 5, 2024 the current outstanding liability of $0.2 is included in accrued liabilities and the long term outstanding liability of $83.6 is included in other liabilities on the consolidated balance sheet related to the financing liability.

Leases - Summary of Components of Lease Expense (Detail) - USD ($) $ in Millions	3 Months Ended
	May 05, 2024	Apr. 30, 2023
Leases [Abstract]
Operating lease cost	$ 50.3	$ 48.0
Variable lease cost	10.9	10.7
Short-term lease cost	0.3	0.7
Total	$ 61.5	$ 59.4

Cover Page - shares	3 Months Ended
Cover Page - shares	May 05, 2024	Jun. 07, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 05, 2024
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 S. 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
Title of 12(b) Security	Common Stock $0.01 par value
Trading Symbol	PLAY
Security Exchange Name	NASDAQ
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		39,560,180
Entity Central Index Key	0001525769
Current Fiscal Year End Date	--02-02
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Leases (Tables)

3 Months Ended

May 05, 2024

Leases [Abstract]

Summary of Components of Lease Expense

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


	Thirteen Weeks Ended
		May 5, 2024		April 30, 2023
Operating lease cost		$	50.3	$	48.0
Variable lease cost		10.9		10.7
Short-term lease cost		0.3		0.7
Total		$	61.5	$	59.4

Summary of Significant Accounting Policies - Revenue (Detail) - USD ($) $ in Millions	3 Months Ended
	May 05, 2024	Apr. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 588.1	$ 597.3
Entertainment
Disaggregation of Revenue [Line Items]
Total revenues	380.8	386.1
Other Entertainment
Disaggregation of Revenue [Line Items]
Total revenues	4.9	7.0
Entertainment revenues
Disaggregation of Revenue [Line Items]
Total revenues	385.7	393.1
Food and non-alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	135.6	136.1
Alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	66.8	68.1
Food and beverage revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 202.4	$ 204.2

- 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

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+ Details

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	May 05, 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.

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	3 Months Ended
	May 05, 2024 USD ($) store state Province Segment	Apr. 30, 2023 USD ($)	Feb. 04, 2024 USD ($)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stored opened \| store	4
Number of stores \| store	224
Number of states \| state	43
Number of operating segments \| Segment	2
Number of reportable segments \| Segment	1
Book overdrafts reclassified to accounts payable	$ 0.0		$ 0.0
Entertainment revenues
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Cost of entertainment	33.2	$ 35.2
Entertainment revenues \| Revision of Prior Period, Reclassification, Adjustment
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Cost of food and beverage		0.9
Food and beverage revenues
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Cost of food and beverage	54.1	59.1
Food and beverage revenues \| Revision of Prior Period, Reclassification, Adjustment
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Cost of entertainment		$ 3.1
Gift Card Revenue
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue	5.6
Other Comprehensive Income (Loss) \| Entertainment revenues
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue	$ 28.3
Canada
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of provinces \| Province	1
Dave And Busters Holdings Inc
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock owned	100.00%

Income Taxes	3 Months Ended
Income Taxes	May 05, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the thirteen weeks ended May 5, 2024, was 21.0%, compared to 22.7% for the thirteen weeks ended April 30, 2023. The current year tax provision includes higher excess tax benefits associated with share-based compensation and lower permanent differences as compared to the prior year.

- 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

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+ Details

Subsequent Event (Details) - USD ($) shares in Thousands, $ in Millions	1 Months Ended	3 Months Ended		4 Months Ended
	Jun. 12, 2024	May 05, 2024	Apr. 30, 2023	Jun. 12, 2024
Subsequent Event [Line Items]
Treasury shares acquired not including shares paid for tax withholding for share based compensation (in shares)		180
Repurchases of common stock under share repurchase program		$ 9.8	$ 126.9
Subsequent Event
Subsequent Event [Line Items]
Treasury shares acquired not including shares paid for tax withholding for share based compensation (in shares)	790			970
Repurchases of common stock under share repurchase program	$ 40.3			$ 50.0
Percentage of issued and outstanding repurchased	2.40%			2.40%