Business Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 02, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Effects of Newly Adopted Accounting Pronouncements and Changes in Accounting Standards

The following table presents the effects that the aforementioned adopted accounting standards had on our February 3, 2018 consolidated balance sheet (in thousands):

	February 3, 2018 (As Reported)			ASU 2018-02			ASU 2016-16			ASU 2014-09			February 3, 2018 (As Adjusted)
ASSETS
Inventories	$	233,726		$	—		$	—		$	(824	)	$	232,902
Prepaid expenses and other current assets	60,668			—			(500		)	5,389			65,557
Other assets, net	16,338			—			(5,206		)	—			11,132
LIABILITIES AND SHAREHOLDERS’ EQUITY
Other current and deferred liabilities	$	133,715		$	—		$	—		$	3,677		$	137,392
Deferred taxes	7,372			—			—			236			7,608
Retained earnings	599,810			39			(5,706		)	652			594,795
Accumulated other comprehensive loss	(44		)	(39		)	—			—			(83		)

Had the Company not adopted the provisions of ASU 2014-09, the effects of adoption of this standard on our consolidated statement of income for fiscal 2018 and consolidated balance sheet as of February 2, 2019 were as follows:

	FISCAL YEAR ENDED
	February 2, 2019
	As Reported		Effects of Standard			Balances Without Adoption of ASU 2014-09
Sales	$	2,131,140	$	(2,670	)	$	2,128,470
Cost of Goods Sold	1,367,726		(1,887		)	1,365,839
Selling, general and administrative expenses	719,748		(621		)	719,127

	February 2, 2019
	As Reported		Effects of Standard			Balances Without Adoption of ASU 2014-09
ASSETS
Inventory	$	235,218	$	1,409		$	236,627
Prepaid expenses and other current assets	63,845		(4,169		)	59,676
LIABILITIES AND SHAREHOLDERS’ EQUITY
Other current and deferred liabilities	$	131,820	$	(2,598	)	$	129,222

Schedule of Useful Life for Property and Equipment

Our property and equipment is generally depreciated using the following estimated useful lives:

	Estimated Useful Lives
Land improvements	15 - 35 years
Building and building improvements	20 - 35 years
Equipment, furniture and fixtures	2 - 20 years
Leasehold improvements	10 years or term of lease, if shorter

Property and equipment, net, consisted of the following:

	February 2, 2019			February 3, 2018
	(in thousands)
Land and land improvements	$	30,620		$	30,572
Building and building improvements	125,868			125,504
Equipment, furniture and fixtures	650,391			636,542
Leasehold improvements	496,972			529,835
Total property and equipment	1,303,851			1,322,453
Less: accumulated depreciation and amortization	(932,919		)	(901,415		)
Property and equipment, net	$	370,932		$	421,038