Fair Value Measurements (Tables)

6 Months Ended

Jul. 31, 2021

Fair Value Disclosures [Abstract]

Quantitative Information on Level 3 Fair Value Measurement

The following tables present quantitative information about Level 3 significant unobservable inputs for the WHBM trademark, long-lived assets and operating lease assets at retail stores for impairment charges incurred during the periods indicated.

	Twenty-Six Weeks Ended August 1, 2020
	Valuation Technique	Unobservable Input	Range (Weighted Average)
WHBM Trademark	Relief from royalty	Weighted-average cost of capital	11% to 13%
		Long-term revenue growth rate	-2.5% to 0%
Long-lived assets and operating lease assets at retail stores (1)	Discounted cash flow	Weighted-average cost of capital	9.5% to 11.5%
		Long-term revenue growth rate	-10% to 15%

(1) Specifically relates to only those locations which had impairment charges related to the pandemic during fiscal 2020.

	Fifty-Two Weeks Ended January 30, 2021
	Valuation Technique	Unobservable Input
WHBM Trademark	Relief from royalty	Weighted-average cost of capital	13% to 15%
		Long-term revenue growth rate	-1% to 16%
Long-lived assets at retail stores and operating lease assets (1)	Discounted cash flow	Weighted-average cost of capital	11% to 13%
		Long-term revenue growth rate	2% to 53%

(1) Specifically relates to only those locations which had impairment charges related to the pandemic during fiscal 2020.

Schedule of Financial Assets Valued on a Recurring Basis

In accordance with the provisions of the guidance, we categorized our financial assets and liabilities which are valued on a recurring and nonrecurring basis, based on the priority of the inputs to the valuation technique for the instruments, as follows:

			Fair Value Measurements at the End of the Reporting Date Using						Twenty-Six Weeks Ended July 31, 2021
	Balance as of July 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Impairment (1)
Recurring fair value measurements:
Current Assets
Cash equivalents:
Money market accounts	$	14,493	$	14,493	$	—	$	—
Marketable securities:
Corporate bonds	10,891		—		10,891		—
Noncurrent Assets
Deferred compensation plan	6,124		6,124		—		—
Total recurring fair value measurements	$	31,508	$	20,617	$	10,891	$	—
			Fair Value Measurements at the End of the Reporting Date Using						Fifty-Two Weeks Ended January 30, 2021
	Balance as of January 30, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Impairment
Recurring fair value measurements:
Current Assets
Cash equivalents:
Money market accounts	$	36,809	$	36,809	$	—	$	—
Marketable securities:
Corporate bonds	18,559		—		18,559		—
Noncurrent Assets
Deferred compensation plan	8,993		8,993		—		—
Total recurring fair value measurements	$	64,361	$	45,802	$	18,559	$	—
Nonrecurring fair value measurements:
Noncurrent Assets
Goodwill	$	16,360	$	—	$	—	$	16,360	$	(80,414)
Trademark	5,000		—		—		5,000		(29,000)
Long-lived assets	7,090		—		5,990		1,100		(29,669)
Operating lease assets	88,488		—		—		88,488		(4,795)
Total nonrecurring fair value measurements	$	116,938	$	—	$	5,990	$	110,948	$	(143,878)
			Fair Value Measurements at the End of the Reporting Date Using						Twenty-Six Weeks Ended August 1, 2020
	Balance as of August 1, 2020		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Impairment
Recurring fair value measurements:
Current Assets
Cash equivalents:
Money market accounts	$	34,581	$	34,581	$	—	$	—
Marketable securities:
Corporate bonds	20,742		—		20,742		—
Noncurrent Assets
Deferred compensation plan	7,818		7,818		—		—
Total recurring fair value measurements	$	63,141	$	42,399	$	20,742	$	—
Nonrecurring fair value measurements:
Noncurrent Assets

Goodwill	$	16,360	$	—	$	—	$	16,360		$	(80,414)
Trademark	6,000		—		—		6,000			(28,000)
Long-lived assets	6,867		—		5,990		877		(2)	(18,493)
Operating lease assets	88,942		—		—		88,942		(2)	(3,236)
Total nonrecurring fair value measurements	$	118,169	$	—	$	5,990	$	112,179		$	(130,143)

(1) Impairment charges for assets evaluated for impairment on a nonrecurring basis were not material during the twenty-six weeks ended July 31, 2021.

(2) The fair value of $1.1 million, $88.5 million, $0.9 million and $88.9 million specifically relates to only those locations which had asset impairment charges related to the pandemic.