0000028917-20-000221 | 10-Q | XBRL Viewer

Cover Page - shares	6 Months Ended
Cover Page - shares	Aug. 01, 2020	Aug. 29, 2020
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 01, 2020
Document Transition Report	false
Entity File Number	1-6140
Entity Registrant Name	DILLARD’S, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	71-0388071
Entity Address, Address Line One	1600 CANTRELL ROAD
Entity Address, City or Town	LITTLE ROCK
Entity Address, State or Province	AR
Entity Address, Postal Zip Code	72201
City Area Code	501
Local Phone Number	376-5200
Title of 12(b) Security	Class A Common Stock
Trading Symbol	DDS
Security Exchange Name	NYSE
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 Central Index Key	0000028917
Entity Shell Company	false
Amendment Flag	false
Current Fiscal Year End Date	--01-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Common Stock Class A
Entity Common Stock, Shares Outstanding		18,366,790
Common Stock Class B
Entity Common Stock, Shares Outstanding		4,010,401

Recently Issued Accounting Standards	6 Months Ended
Recently Issued Accounting Standards	Aug. 01, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Standards	Accounting Standards Recently Issued Accounting Pronouncements Simplifying the Accounting for Income Taxes In December 2019, the FASB issued Accounting Standards Update ("ASU") No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, as part of its initiative to reduce complexity in accounting standards. The amendments in this update simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The amendments within ASU No. 2019-12 are effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, and early adoption is permitted. The Company is currently assessing the impact of this update on its consolidated financial statements.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019
Current assets:
Cash and cash equivalents	$ 82,868	$ 277,077	$ 118,108
Restricted cash	0	0	17,150
Accounts receivable	28,631	46,160	51,946
Merchandise inventories	1,283,141	1,465,007	1,603,031
Income Taxes Receivable, Current	85,658	0	0
Other current assets	65,758	59,838	77,646
Total current assets	1,546,056	1,848,082	1,867,881
Operating Lease, Right-of-Use Asset	44,091	47,924	52,608
Deferred Tax Assets, Operating Loss Carryforwards	23,289		0
Property and equipment (net of accumulated depreciation and amortization of $2,434,355, $2,336,728 and $2,305,588 respectively)	1,394,237	1,458,176	1,512,256
Other assets	75,563	76,075	79,334
Total assets	3,083,236	3,430,257	3,512,079
Current liabilities:
Trade accounts payable and accrued expenses	586,865	892,789	867,534
Current portion of finance lease liabilities	986	1,219	1,082
Operating Lease, Liability, Current	13,758	14,654	15,701
Other Short-term Borrowings	229,600	0	117,900
Accrued Income Taxes, Current	0	22,158	4,015
Total current liabilities	831,209	930,820	1,006,232
Long-term debt	365,779	365,709	365,639
Finance lease liabilities	356	695	1,342
Operating Lease, Liability, Noncurrent	30,051	32,683	36,407
Other liabilities	284,527	273,601	242,281
Deferred Tax Liabilities, Other	0	3,490	14,334
Subordinated debentures	200,000	200,000	200,000
Commitments and contingencies
Stockholders’ equity:
Common stock	1,240	1,239	1,239
Additional paid-in capital	952,522	951,726	949,846
Accumulated other comprehensive loss	(30,198)	(31,059)	(12,809)
Retained earnings	4,378,988	4,556,494	4,490,759
Less treasury stock, at cost	(3,931,238)	(3,855,141)	(3,783,191)
Total stockholders’ equity	1,371,314	1,623,259	1,645,844
Total liabilities and stockholders’ equity	3,083,236	3,430,257	3,512,079
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 82,868	$ 277,077	$ 135,258

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation and amortization	$ 2,434,355	$ 2,236,728	$ 2,305,588

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Income Statement [Abstract]
Revenue from Contracts with Customers	$ 919,044	$ 1,426,863	$ 1,705,699	$ 2,892,304
Service charges and other income	26,139	31,982	61,060	64,476
Total net sales, service charges and other income	945,183	1,458,845	1,766,759	2,956,780
Cost of sales	639,847	1,032,014	1,328,316	1,959,781
Selling, General and Administrative Expense	267,062	409,125	557,508	814,285
Depreciation and amortization	50,951	54,383	101,852	106,747
Rentals	5,639	6,209	11,189	12,327
Interest Expense	12,873	12,248	25,143	23,485
Other expense	2,104	1,917	4,208	3,834
Loss (gain) on disposal of assets	33	(4,900)	14	(12,300)
(Loss) income before income taxes	(33,326)	(52,151)	(261,471)	48,621
Income taxes (benefit)	(24,760)	(11,480)	(90,930)	10,690
Net Income	$ (8,566)	$ (40,671)	$ (170,541)	$ 37,931
(Loss) earnings per share:
Earnings Per Share, Basic and Diluted	$ (0.37)	$ (1.59)	$ (7.33)	$ 1.46

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Statement of Comprehensive Income [Abstract]
Net Income	$ (8,566)	$ (40,671)	$ (170,541)	$ 37,931
Other comprehensive income:
Amortization of retirement plan and other retiree benefit adjustments (net of tax of $138, $0, $276, and $0, respectively)	430	0	861	0
Comprehensive (loss) income	$ (8,136)	$ (40,671)	$ (169,680)	$ 37,931

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Statement of Comprehensive Income [Abstract]
Amortization of retirement plan and other retiree benefit adjustments, tax	$ 138	$ 0	$ 276	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Common Stock [Member] Common stock Class A	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Reclassification out of Accumulated Other Comprehensive Income [Member]
Balance at Feb. 02, 2019	$ 1,678,381	$ 1,239		$ (3,716,890)	$ 948,835	$ 4,458,006	$ (12,809)
Increase (Decrease) in Stockholders' Equity
Net Income	37,931					37,931
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	0
Stock Issued During Period, Value, Share-based Compensation, Gross	1,011				1,011
Purchase of 586,851 and 818,585 during the three months ended and 1,585,593 and 1,064,743 during the six months ended August 1, 2020 and August 3, 2019, respectively	(66,301)			(66,301)
Cash dividends declared:
Common Stock, $0.15 per share and $0.10 per share for the three months ended and $0.30 per share and $0.20 per share for the six months ended August 1, 2020 and August 3, 2019, respectively,	(5,178)					(5,178)
Balance at Aug. 03, 2019	1,645,844	1,239		(3,783,191)	949,846	4,490,759	(12,809)
Balance at May. 04, 2019	1,736,908	1,239		(3,734,330)	948,835	4,533,973	(12,809)
Increase (Decrease) in Stockholders' Equity
Net Income	(40,671)					(40,671)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	0
Stock Issued During Period, Value, Share-based Compensation, Gross	1,011				1,011
Purchase of 586,851 and 818,585 during the three months ended and 1,585,593 and 1,064,743 during the six months ended August 1, 2020 and August 3, 2019, respectively	(48,861)			(48,861)
Cash dividends declared:
Common Stock, $0.15 per share and $0.10 per share for the three months ended and $0.30 per share and $0.20 per share for the six months ended August 1, 2020 and August 3, 2019, respectively,	(2,543)					(2,543)
Balance at Aug. 03, 2019	1,645,844	1,239		(3,783,191)	949,846	4,490,759	(12,809)
Balance at Feb. 01, 2020	1,623,259	1,239		(3,855,141)	951,726	4,556,494	(31,059)
Increase (Decrease) in Stockholders' Equity
Net Income	(170,541)					(170,541)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	(861)
Other Comprehensive Income (Loss), Net of Tax	861						861
Stock Issued During Period, Value, Share-based Compensation, Gross	797		$ 1		796
Purchase of 586,851 and 818,585 during the three months ended and 1,585,593 and 1,064,743 during the six months ended August 1, 2020 and August 3, 2019, respectively	(76,097)			(76,097)
Cash dividends declared:
Common Stock, $0.15 per share and $0.10 per share for the three months ended and $0.30 per share and $0.20 per share for the six months ended August 1, 2020 and August 3, 2019, respectively,	(6,965)					(6,965)
Balance at Aug. 01, 2020	1,371,314	1,240		(3,931,238)	952,522	4,378,988	(30,198)
Balance at May. 02, 2020	1,396,406	1,239		(3,916,970)	951,726	4,391,039	(30,628)
Increase (Decrease) in Stockholders' Equity
Net Income	(8,566)					(8,566)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	(430)
Other Comprehensive Income (Loss), Net of Tax	430						430
Stock Issued During Period, Value, Share-based Compensation, Gross	797		$ 1		796
Purchase of 586,851 and 818,585 during the three months ended and 1,585,593 and 1,064,743 during the six months ended August 1, 2020 and August 3, 2019, respectively	(14,268)			(14,268)
Cash dividends declared:
Common Stock, $0.15 per share and $0.10 per share for the three months ended and $0.30 per share and $0.20 per share for the six months ended August 1, 2020 and August 3, 2019, respectively,	(3,485)					(3,485)
Balance at Aug. 01, 2020	$ 1,371,314	$ 1,240		$ (3,931,238)	$ 952,522	$ 4,378,988	$ (30,198)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY [Abstract]
Treasury Stock, Shares, Acquired	586,851	818,585	1,585,593	1,064,743
Common Stock, Dividends, Per Share, Declared	$ 0.15	$ 0.10	$ 0.30	$ 0.20
Stock Issued During Period, Shares, Share-based Compensation, Gross	32,000	17,600	32,000	17,600

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019
Operating activities:
Net Income	$ (170,541)	$ 37,931
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Gain on disposal of assets, excluding insurance gain	(14)	12,300
Depreciation and amortization of property and other deferred costs	103,140	107,740
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	17,529	(2,093)
Decrease (increase) in merchandise inventories	181,866	(74,614)
Increase in other current assets	(5,148)	(7,882)
Increase in other assets	(124)	(8,362)
Decrease in trade accounts payable and accrued expenses and other liabilities	(290,268)	(52,746)
Decrease in income taxes	(130,977)	(6,254)
Net cash used in operating activities	(294,509)	(18,580)
Investing activities:
Purchases of property and equipment and capitalized software	(38,607)	(38,049)
Proceeds from disposal of assets	308	21,997
Proceeds from Equity Method Investment, Distribution, Return of Capital	215	505
Net cash used in investing activities	(38,084)	(15,547)
Financing activities:
Principal payments on long-term debt and finance lease liabilities	(572)	(456)
Payments of Financing Costs	3,001	0
Proceeds from (Repayments of) Lines of Credit	229,600	117,900
Cash dividends paid	(7,185)	(5,267)
Purchase of treasury stock	(80,458)	(66,301)
Net cash provided by financing activities	138,384	45,876
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(194,209)	11,749
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	82,868	135,258
Non-cash transactions:
Accrued capital expenditures	7,994	4,811
Accrued treasury stock purchases	2,962	0
Stock Issued	797	1,011
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 4,084	$ 4,601

Basis of Presentation

6 Months Ended

Aug. 01, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

The accompanying unaudited interim condensed consolidated financial statements of Dillard’s, Inc. (the “Company”) have been prepared in accordance with the rules of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended August 1, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending January 30, 2021 due to, among other factors, the seasonal nature of the business and the COVID-19 pandemic.

These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2020 filed with the SEC on March 31, 2020.

Restricted Cash - Restricted cash consists of cash proceeds from the sale of property held in escrow for the acquisition of replacement property under like-kind exchange agreements. The escrow accounts are administered by an intermediary. Pursuant to the like-kind exchange agreements, the cash remains restricted for a maximum of 180 days from the date of the property sale pending the acquisition of replacement property.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows.


(in thousands)	August 1, 2020		August 3, 2019
Cash and cash equivalents	$	82,868	$	118,108
Restricted cash	—		17,150
Total cash, cash equivalents and restricted cash	$	82,868	$	135,258

COVID-19

In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic, which continues to spread throughout the United States and the world. The effects of the COVID-19 pandemic have had and continue to have a significant impact on the Company's business, results of operations and financial position. At present, the COVID-19 pandemic has had a significant negative effect on the Company's liquidity and net sales. Due to heightened uncertainty relating to the impacts of COVID-19 on the Company’s business operations, including the duration and impact on overall customer demand, our liquidity, net sales and profitability may be further impacted if we are unable to appropriately manage our inventory levels and expenses.

The Company began closing stores on March 19, 2020 as mandated by state and local governments, and by April 9, 2020, all 285 store locations were temporarily closed. The Company began re-opening stores on May 5, 2020, and by June 2, 2020, all stores had been re-opened using the Centers for Disease Control and Prevention ("CDC") guidelines to promote a safe environment for our customers and employees. All stores remain open and operating at reduced hours with the exception of one location.

As part of the Company's liquidity strategy during the COVID-19 pandemic, in March 2020, the Company borrowed $779 million under the credit agreement, which was repaid concurrent with the execution of the amended credit agreement. At August 1, 2020, borrowings of $229.6 million were outstanding, and letters of credit totaling $21.0 million were issued under the amended credit agreement leaving unutilized availability under the facility of $447.0 million. See Note 7, Revolving Credit Agreement, for additional information.

We assess the impairment of long-lived assets, primarily fixed assets and operating lease assets, whenever events or changes in circumstances indicate that the carrying value may not be recoverable. We evaluated the effects of the COVID-19 pandemic on our business and determined that as of August 1, 2020, the carrying values of our property and equipment and operating lease assets were recoverable. Accordingly, no impairment charge was recorded for the six months ended August 1, 2020. We

will continue to monitor these factors and the impact of the COVID-19 pandemic on future periods and continue to assess these assets for impairment as needed.

Business Segments

6 Months Ended

Aug. 01, 2020

Segment Reporting [Abstract]

Business Segments

The Company operates in two reportable segments: the operation of retail department stores (“retail operations”) and a general contracting construction company (“construction”).

For the Company’s retail operations, the Company determined its operating segments on a store by store basis. Each store’s operating performance has been aggregated into one reportable segment. The Company’s operating segments are aggregated for financial reporting purposes because they are similar in each of the following areas: economic characteristics, class of consumer, nature of products and distribution methods. Revenues from external customers are derived from merchandise sales, and the Company does not rely on any major customers as a source of revenue. Across all stores, the Company operates one store format under the Dillard’s name where each store offers the same general mix of merchandise with similar categories and similar customers. The Company believes that disaggregating its operating segments would not provide meaningful additional information.

The following table summarizes the percentage of net sales by segment and major product line:


	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Retail operations segment
Cosmetics	14	%	13	%	14	%	13	%
Ladies’ apparel	21		24		21		24
Ladies’ accessories and lingerie	16		16		16		15
Juniors’ and children’s apparel	9		8		9		10
Men’s apparel and accessories	20		19		18		17
Shoes	13		14		14		15
Home and furniture	4		3		4		3
	97		97		96		97
Construction segment	3		3		4		3
Total	100	%	100	%	100	%	100	%

The following tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations:


(in thousands of dollars)	Retail Operations		Construction		Consolidated
Three Months Ended August 1, 2020:
Net sales from external customers	$	893,216	$	25,828	$	919,044
Gross profit	277,407		1,790		279,197
Depreciation and amortization	50,784		167		50,951
Interest and debt expense (income), net	12,885		(12)		12,873
(Loss) income before income taxes	(33,699)		373		(33,326)

Total assets	3,056,320		26,916		3,083,236

Three Months Ended August 3, 2019:
Net sales from external customers	$	1,378,163	$	48,700	$	1,426,863
Gross profit	395,137		(288)		394,849
Depreciation and amortization	54,207		176		54,383
Interest and debt expense (income), net	12,278		(30)		12,248
Loss before income taxes	(50,929)		(1,222)		(52,151)

Total assets	3,463,087		48,992		3,512,079

Six Months Ended August 1, 2020:
Net sales from external customers	$	1,644,243	$	61,456	$	1,705,699
Gross profit	373,441		3,942		377,383
Depreciation and amortization	101,516		336		101,852
Interest and debt expense (income), net	25,176		(33)		25,143
(Loss) income before income taxes	(262,366)		895		(261,471)

Total assets	3,056,320		26,916		3,083,236

Six Months Ended August 3, 2019
Net sales from external customers	$	2,798,685	$	93,619	$	2,892,304
Gross profit	931,508		1,015		932,523
Depreciation and amortization	106,401		346		106,747
Interest and debt expense (income), net	23,542		(57)		23,485
Income (loss) before income taxes	49,799		(1,178)		48,621

Total assets	3,463,087		48,992		3,512,079

Intersegment construction revenues of $6.9 million and $6.2 million for the three months ended August 1, 2020 and August 3, 2019, respectively, and $18.3 million and $14.6 million for the six months ended August 1, 2020 and August 3, 2019, respectively, were eliminated during consolidation and have been excluded from net sales for the respective periods.

The retail operations segment gives rise to contract liabilities through the loyalty program and through the issuances of gift cards. The loyalty program liability and a portion of the gift card liability is included in trade accounts payable and accrued expenses, and a portion of the gift card liability is included in other liabilities on the condensed consolidated balance sheets. Our retail operations segment contract liabilities are as follows:



Retail
(in thousands of dollars)	August 1, 2020		February 1, 2020		August 3, 2019		February 2, 2019
Contract liabilities	$	58,186	$	75,229	$	63,041	$	72,852

During the six months ended August 1, 2020 and August 3, 2019, the Company recorded $29.8 million and $37.6 million, respectively, in revenue that was previously included in the retail operations contract liability balances of $75.2 million and $72.9 million, at February 1, 2020 and February 2, 2019, respectively.

Construction contracts give rise to accounts receivable, contract assets and contract liabilities. We record accounts receivable based on amounts expected to be collected from customers. We also record costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) and billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) in other current assets and trade accounts payable and accrued expenses in the condensed consolidated balance sheets, respectively. The amounts included in the condensed consolidated balance sheets are as follows:



Construction
(in thousands of dollars)	August 1, 2020		February 1, 2020		August 3, 2019		February 2, 2019
Accounts receivable	$	19,222	$	28,522	$	36,276	$	31,867
Costs and estimated earnings in excess of billings on uncompleted contracts	722		2,179		2,927		1,165
Billings in excess of costs and estimated earnings on uncompleted contracts	7,212		5,737		10,358		7,414

During the six months ended August 1, 2020 and August 3, 2019, the Company recorded $4.7 million and $6.8 million, respectively, in revenue that was previously included in billings in excess of costs and estimated earnings on uncompleted contracts of $5.7 million and $7.4 million at February 1, 2020 and February 2, 2019, respectively.

The remaining performance obligations related to executed construction contracts totaled $127.0 million, $156.5 million and $108.4 million at August 1, 2020, February 1, 2020 and August 3, 2019, respectively.

Earnings Per Share Data

6 Months Ended

Aug. 01, 2020

Earnings Per Share [Abstract]

Earnings Per Share Data

(Loss) Earnings Per Share Data

The following table sets forth the computation of basic and diluted (loss) earnings per share for the periods indicated (in thousands, except per share data).


	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Net (loss) income	$	(8,566)	$	(40,671)	$	(170,541)	$	37,931

Weighted average shares of common stock outstanding	23,174		25,584		23,264		25,949

Basic and diluted (loss) earnings per share	$	(0.37)	$	(1.59)	$	(7.33)	$	1.46

The Company maintains a capital structure in which common stock is the only equity security issued and outstanding, and there were no shares of preferred stock, stock options, other dilutive securities or potentially dilutive securities issued or outstanding during the three and six months ended August 1, 2020 and August 3, 2019.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Aug. 01, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Various legal proceedings, in the form of lawsuits and claims, which occur in the normal course of business, are pending against the Company and its subsidiaries. In the opinion of management, disposition of these matters, individually or in the aggregate, is not expected to have a material adverse effect on the Company’s financial position, cash flows or results of operations. At August 1, 2020, letters of credit totaling $21.0 million were issued under the Company’s revolving credit facility. See Note 7, Revolving Credit Agreement, for additional information.

Benefit Plans

6 Months Ended

Aug. 01, 2020

Retirement Benefits [Abstract]

Benefit Plans

The Company has an unfunded, nonqualified defined benefit plan (“Pension Plan”) for its officers. The Pension Plan is noncontributory and provides benefits based on years of service and compensation during employment. The Company determines pension expense using an actuarial cost method to estimate the total benefits ultimately payable to officers and allocates this cost to service periods. The actuarial assumptions used to calculate pension costs are reviewed annually. The Company contributed $1.4 million and $2.8 million to the Pension Plan during the three and six months ended August 1, 2020, respectively, and expects to make additional contributions to the Pension Plan of approximately $2.7 million during the remainder of fiscal 2020.

The components of net periodic benefit costs are as follows (in thousands):


	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Components of net periodic benefit costs:
Service cost	$	1,090	$	905	$	2,180	$	1,810
Interest cost	1,536		1,917		3,072		3,834
Net actuarial loss	568		—		1,137		—
Net periodic benefit costs	$	3,194	$	2,822	$	6,389	$	5,644

The service cost component of net periodic benefit costs is included in selling, general and administrative expenses, and the interest cost and net actuarial loss components are included in other expense.

Revolving Credit Agreement	3 Months Ended
Revolving Credit Agreement	Aug. 01, 2020
Line of Credit Facility [Abstract]
Short-term Debt	Revolving Credit Agreement In April 2020, the Company amended its credit agreement (the "amended credit agreement"). After giving effect to the amendment, the amended credit agreement became secured by certain deposit accounts of the Company and certain inventory of certain subsidiaries. The amended credit agreement provides a borrowing capacity of $800 million, subject to certain limitations as outlined in the amended credit agreement, with a $200 million expansion option and matures on August 9, 2022. The amended credit agreement is available to the Company for general corporate purposes including, among other uses, working capital financing, the issuance of letters of credit, capital expenditures and, subject to certain restrictions, the repayment of existing indebtedness and share repurchases. The Company pays a variable rate of interest on borrowings under the amended credit agreement and a commitment fee to the participating banks. The rate of interest on borrowings is the greater of LIBOR or 1.0% plus 1.750%, and the commitment fee for unused borrowings is 0.30% per annum. As long as availability exceeds $100 million and no event of default occurs and is continuing, there are no financial covenant requirements under the amended credit agreement. Concurrent with the signing of the amended credit facility, the Company repaid the $779 million borrowed on March 25, 2020 under the previous agreement. Additionally, the Company paid $3.0 million in issuance costs related to the amended credit agreement, which were recorded in other assets on the condensed consolidated balance sheets. At August 1, 2020, $229.6 million of borrowings were outstanding, and letters of credit totaling $21.0 million were issued under the amended credit agreement leaving unutilized availability under the credit facility of $447.0 million. The weighted average interest rate under the credit agreement for the borrowings outstanding at August 1, 2020 was 2.75%.

Stock Repurchase Programs

6 Months Ended

Aug. 01, 2020

Schedule of Share Repurchase Program Activity [Abstract]

Stock Repurchase Programs

Stock Repurchase Program

In March 2018, the Company's Board of Directors authorized the Company to repurchase up to $500 million of the Company’s Class A Common Stock pursuant to an open-ended stock repurchase plan (the "March 2018 Plan"). The March 2018 Plan authorization permits the Company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. The March 2018 Plan has no expiration date.

The following is a summary of share repurchase activity for the periods indicated (in thousands, except per share data):


	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Cost of shares repurchased	$	14,268	$	48,861	$	76,097	$	66,301
Number of shares repurchased	587		819		1,586		1,065
Average price per share	$	24.31	$	59.69	$	47.99	$	62.27

All repurchases of the Company’s Class A Common Stock above were made at the market price at the trade date. Accordingly, all amounts paid to reacquire these shares were allocated to treasury stock. As of August 1, 2020, $192.6 million of authorization remained under the March 2018 Plan.

Income Taxes	6 Months Ended
Income Taxes	Aug. 01, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company expects to be in a net operating loss position for the fiscal year. The Coronavirus Aid, Relief and Economic Security (“CARES”) Act, signed into law on March 27, 2020, allows for net operating loss carryback to years in which the statutory federal tax rate was 35% rather than the current 21%. During the three and six months ended August 1, 2020, income tax benefit differed from what would be computed using the current statutory federal tax rate of 21% primarily due to the recognition of a net tax benefit of $17.4 million and $32.1 million, respectively, related to the rate differential in the carryback year. Income tax benefit for the three and six months also included the effects of federal tax credits and state and local income taxes. During the three and six months ended August 3, 2019, income taxes differed from what would be computed using the statutory federal tax rate primarily due to the effects of federal tax credits and state and local income taxes.

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL")

6 Months Ended

Aug. 01, 2020

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL")

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL")

Reclassifications from Accumulated Other Comprehensive Loss (“AOCL”)

Reclassifications from AOCL are summarized as follows (in thousands):


	Amount Reclassified from AOCL
	Three Months Ended						Six Months Ended			Affected Line Item in the Statement Where Net Income Is Presented
Details about AOCL Components	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Defined benefit pension plan items

Amortization of actuarial losses	$	568	$	—	$	1,137	$	—	Total before tax (1)
	138		—		276		—		Income tax expense
	$	430	$	—	$	861	$	—	Total net of tax

For fiscal year 2019, there was no amortization of the net loss in AOCL as the net loss did not exceed 10% of the projected benefit obligation.

_______________________________

(1) This item is included in the computation of net periodic pension cost. See Note 6, Benefit Plans, for additional information.

Leases

6 Months Ended

Aug. 01, 2020

Leases [Abstract]

Lessee, Operating Leases [Text Block]

Leases

The Company leases retail stores, office space and equipment under operating leases. As of August 1, 2020, February 1, 2020 and August 3, 2019, right-of-use operating lease assets, which are recorded in operating lease assets in the condensed consolidated balance sheets, totaled $44.1 million, $47.9 million and $52.6 million, respectively, and operating lease liabilities, which are recorded in current portion of operating lease liabilities and operating lease liabilities, totaled $43.8 million, $47.3 million and $52.1 million, respectively.

In determining our operating lease assets and operating lease liabilities, we apply an incremental borrowing rate to the minimum lease payments within each lease agreement. ASU No. 2016-02 requires the use of the rate implicit in the lease whenever that rate is readily determinable; furthermore, if the implicit rate is not readily determinable, a lessee may use its incremental borrowing rate. The incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. To estimate our specific incremental borrowing rates that align with applicable lease terms, we utilize a model consistent with the credit quality of our outstanding debt instruments.

Renewal options from two to 20 years exist on the majority of leased properties. The Company has sole discretion in exercising the lease renewal options. We do not recognize operating lease assets or operating lease liabilities for renewal periods unless we are reasonably certain of renewing the lease at inception. The depreciable life of operating lease assets and related leasehold improvements is limited by the expected lease term.

Contingent rentals on certain leases are based on a percentage of annual sales in excess of specified amounts. Other contingent rentals are based entirely on a percentage of sales. The Company's operating lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The following table summarizes the Company's operating and finance leases:


(in thousands of dollars)	Classification - Condensed Consolidated Balance Sheets	August 1, 2020		February 1, 2020		August 3, 2019
Assets
Finance lease assets	Property and equipment, net ^(a)	$	459	$	670	$	881
Operating lease assets	Operating lease assets	44,091		47,924		52,608
Total leased assets		$	44,550	$	48,594	$	53,489

Liabilities
Current
Finance	Current portion of finance lease liabilities	$	986	$	1,219	$	1,082
Operating	Current portion of operating lease liabilities	13,758		14,654		15,701
Noncurrent
Finance	Finance lease liabilities	356		695		1,342
Operating	Operating lease liabilities	30,051		32,683		36,407
Total lease liabilities		$	45,151	$	49,251	$	54,532

^(a) Finance lease assets are recorded net of accumulated amortization of $14.1 million, $13.9 million and $13.7 million as of August 1, 2020, February 1, 2020 and August 3, 2019, respectively.


Lease Cost		Three Months Ended						Six Months Ended
(in thousands of dollars)	Classification - Condensed Consolidated Statements of Operations	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Operating lease cost ^(a)	Rentals	$	5,639	$	6,209	$	11,189	$	12,327
Finance lease cost
Amortization of leased assets	Depreciation and amortization	105		106		211		211
Interest on lease liabilities	Interest and debt expense, net	62		123		142		258
Net lease cost		$	5,806	$	6,438	$	11,542	$	12,796

^(a)Includes short term lease costs of $0.5 million and $1.0 million for the three months ended and $1.0 million and $1.7 million for the six months ended August 1, 2020 and August 3, 2019, respectively, and variable lease costs of $0.4 million and $0.4 million for the three months ended and $0.7 million and $0.8 million for the six months ended August 1, 2020 and August 3, 2019, respectively.

Maturities of Lease Liabilities


(in thousands of dollars) Fiscal Year	Operating Leases		Finance Leases		Total
2020 (excluding the six months ended August 1, 2020)	$	7,819	$	714	$	8,533
2021	14,153		726		14,879
2022	7,811		—		7,811
2023	4,496		—		4,496
2024	3,714		—		3,714
After 2024	15,916		—		15,916
Total minimum lease payments	53,909		1,440		55,349
Less amount representing interest	(10,100)		(98)		(10,198)
Present value of lease liabilities	$	43,809	$	1,342	$	45,151

Lease Term and Discount Rate


	August 1, 2020
Weighted-average remaining lease term
Operating leases	6.2 years
Finance leases	1.3 years
Weighted-average discount rate
Operating leases	6.6	%
Finance leases	12.3	%

Other Information


	Six Months Ended
(in thousands of dollars)	August 1, 2020		August 3, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	9,387	$	10,388
Operating cash flows from finance leases	142		258
Financing cash flows from finance leases	572		456

Lease assets obtained in exchange for new operating lease liabilities	$	4,084	$	4,601

Changes in Accumulated Other Comprehensive Loss

6 Months Ended

Aug. 01, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in Accumulated Other Comprehensive Loss

Changes in AOCL by component (net of tax) are summarized as follows (in thousands):


	Defined Benefit Pension Plan Items
	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Beginning balance	$	30,628	$	12,809	$	31,059	$	12,809


Amounts reclassified from AOCL	(430)		—		(861)		—


Ending balance	$	30,198	$	12,809	$	30,198	$	12,809

Gain on Disposal of Assets	6 Months Ended
Gain on Disposal of Assets	Aug. 01, 2020
Discontinued Operations and Disposal Groups [Abstract]
(Gain) Loss on Disposal of Fixed Assets	Loss (Gain) on Disposal of Assets During the three months ended August 3, 2019, the Company recorded proceeds of $8.6 million primarily from the sale of one store property, resulting in a gain of $4.9 million that was recorded in loss (gain) on disposal of assets. During the six months ended August 3, 2019, the Company recorded proceeds of $22.0 million primarily from the sale of three store properties, resulting in a gain of $12.3 million that was recorded in loss (gain) on disposal of assets.

Fair Value Disclosures	6 Months Ended
Fair Value Disclosures	Aug. 01, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures The estimated fair values of financial instruments presented herein have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of amounts the Company could realize in a current market exchange. The fair value of the Company’s long-term debt and subordinated debentures is based on market prices and is categorized as Level 1 in the fair value hierarchy. The fair value of the Company’s cash, cash equivalents, accounts receivable and short-term borrowings approximates their carrying values at August 1, 2020 due to the short-term maturities of these instruments. The fair value of the Company’s long-term debt at August 1, 2020 was approximately $391 million. The carrying value of the Company’s long-term debt at August 1, 2020 was $365.8 million. The fair value of the Company’s subordinated debentures at August 1, 2020 was approximately $158 million. The carrying value of the Company’s subordinated debentures at August 1, 2020 was $200.0 million.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Business Segments (Tables)

6 Months Ended

Aug. 01, 2020

Segment Reporting [Abstract]

Schedule of Contract Liabilities - Retail [Table Text Block]



Retail
(in thousands of dollars)	August 1, 2020		February 1, 2020		August 3, 2019		February 2, 2019
Contract liabilities	$	58,186	$	75,229	$	63,041	$	72,852

Schedule of AR, Contract Assets and Liabilities - Construction [Table Text Block]



Construction
(in thousands of dollars)	August 1, 2020		February 1, 2020		August 3, 2019		February 2, 2019
Accounts receivable	$	19,222	$	28,522	$	36,276	$	31,867
Costs and estimated earnings in excess of billings on uncompleted contracts	722		2,179		2,927		1,165
Billings in excess of costs and estimated earnings on uncompleted contracts	7,212		5,737		10,358		7,414

Schedule of Entity Wide Information Percentage of Revenue from External Customers by Product and Segment [Table Text Block]


	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Retail operations segment
Cosmetics	14	%	13	%	14	%	13	%
Ladies’ apparel	21		24		21		24
Ladies’ accessories and lingerie	16		16		16		15
Juniors’ and children’s apparel	9		8		9		10
Men’s apparel and accessories	20		19		18		17
Shoes	13		14		14		15
Home and furniture	4		3		4		3
	97		97		96		97
Construction segment	3		3		4		3
Total	100	%	100	%	100	%	100	%

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations:


(in thousands of dollars)	Retail Operations		Construction		Consolidated
Three Months Ended August 1, 2020:
Net sales from external customers	$	893,216	$	25,828	$	919,044
Gross profit	277,407		1,790		279,197
Depreciation and amortization	50,784		167		50,951
Interest and debt expense (income), net	12,885		(12)		12,873
(Loss) income before income taxes	(33,699)		373		(33,326)

Total assets	3,056,320		26,916		3,083,236

Three Months Ended August 3, 2019:
Net sales from external customers	$	1,378,163	$	48,700	$	1,426,863
Gross profit	395,137		(288)		394,849
Depreciation and amortization	54,207		176		54,383
Interest and debt expense (income), net	12,278		(30)		12,248
Loss before income taxes	(50,929)		(1,222)		(52,151)

Total assets	3,463,087		48,992		3,512,079

Six Months Ended August 1, 2020:
Net sales from external customers	$	1,644,243	$	61,456	$	1,705,699
Gross profit	373,441		3,942		377,383
Depreciation and amortization	101,516		336		101,852
Interest and debt expense (income), net	25,176		(33)		25,143
(Loss) income before income taxes	(262,366)		895		(261,471)

Total assets	3,056,320		26,916		3,083,236

Six Months Ended August 3, 2019
Net sales from external customers	$	2,798,685	$	93,619	$	2,892,304
Gross profit	931,508		1,015		932,523
Depreciation and amortization	106,401		346		106,747
Interest and debt expense (income), net	23,542		(57)		23,485
Income (loss) before income taxes	49,799		(1,178)		48,621

Total assets	3,463,087		48,992		3,512,079

Earnings Per Share Data (Tables)

6 Months Ended

Aug. 01, 2020

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted (loss) earnings per share for the periods indicated (in thousands, except per share data).


	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Net (loss) income	$	(8,566)	$	(40,671)	$	(170,541)	$	37,931

Weighted average shares of common stock outstanding	23,174		25,584		23,264		25,949

Basic and diluted (loss) earnings per share	$	(0.37)	$	(1.59)	$	(7.33)	$	1.46

Benefit Plans (Tables)

6 Months Ended

Aug. 01, 2020

Retirement Benefits [Abstract]

Schedule of components of net periodic benefit costs

The components of net periodic benefit costs are as follows (in thousands):


	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Components of net periodic benefit costs:
Service cost	$	1,090	$	905	$	2,180	$	1,810
Interest cost	1,536		1,917		3,072		3,834
Net actuarial loss	568		—		1,137		—
Net periodic benefit costs	$	3,194	$	2,822	$	6,389	$	5,644

Stock Repurchase Programs Schedule of Repurchase Program Activity (Tables)

6 Months Ended

Aug. 01, 2020

Schedule of Share Repurchase Program Activity [Abstract]

Schedule of Repurchase Agreements [Table Text Block]

The following is a summary of share repurchase activity for the periods indicated (in thousands, except per share data):


	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Cost of shares repurchased	$	14,268	$	48,861	$	76,097	$	66,301
Number of shares repurchased	587		819		1,586		1,065
Average price per share	$	24.31	$	59.69	$	47.99	$	62.27

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL") (Tables)

6 Months Ended

Aug. 01, 2020

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL")

Summary of reclassifications from AOCL

Reclassifications from AOCL are summarized as follows (in thousands):


	Amount Reclassified from AOCL
	Three Months Ended						Six Months Ended			Affected Line Item in the Statement Where Net Income Is Presented
Details about AOCL Components	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Defined benefit pension plan items

Amortization of actuarial losses	$	568	$	—	$	1,137	$	—	Total before tax (1)
	138		—		276		—		Income tax expense
	$	430	$	—	$	861	$	—	Total net of tax

For fiscal year 2019, there was no amortization of the net loss in AOCL as the net loss did not exceed 10% of the projected benefit obligation.

_______________________________

(1) This item is included in the computation of net periodic pension cost. See Note 6, Benefit Plans, for additional information.

Leases (Tables)

6 Months Ended

Aug. 01, 2020

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity [Table Text Block]


(in thousands of dollars) Fiscal Year	Operating Leases		Finance Leases		Total
2020 (excluding the six months ended August 1, 2020)	$	7,819	$	714	$	8,533
2021	14,153		726		14,879
2022	7,811		—		7,811
2023	4,496		—		4,496
2024	3,714		—		3,714
After 2024	15,916		—		15,916
Total minimum lease payments	53,909		1,440		55,349
Less amount representing interest	(10,100)		(98)		(10,198)
Present value of lease liabilities	$	43,809	$	1,342	$	45,151

Lease Term and Discount Rate [Table Text Block]


	August 1, 2020
Weighted-average remaining lease term
Operating leases	6.2 years
Finance leases	1.3 years
Weighted-average discount rate
Operating leases	6.6	%
Finance leases	12.3	%

Cash Flow, Operating Activities, Lessee [Abstract]


	Six Months Ended
(in thousands of dollars)	August 1, 2020		August 3, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	9,387	$	10,388
Operating cash flows from finance leases	142		258
Financing cash flows from finance leases	572		456

Lease assets obtained in exchange for new operating lease liabilities	$	4,084	$	4,601

Lease, Cost [Table Text Block]


Lease Cost		Three Months Ended						Six Months Ended
(in thousands of dollars)	Classification - Condensed Consolidated Statements of Operations	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Operating lease cost ^(a)	Rentals	$	5,639	$	6,209	$	11,189	$	12,327
Finance lease cost
Amortization of leased assets	Depreciation and amortization	105		106		211		211
Interest on lease liabilities	Interest and debt expense, net	62		123		142		258
Net lease cost		$	5,806	$	6,438	$	11,542	$	12,796

Operating and Finance Lease Assets and Liabilities [Table Text Block]


(in thousands of dollars)	Classification - Condensed Consolidated Balance Sheets	August 1, 2020		February 1, 2020		August 3, 2019
Assets
Finance lease assets	Property and equipment, net ^(a)	$	459	$	670	$	881
Operating lease assets	Operating lease assets	44,091		47,924		52,608
Total leased assets		$	44,550	$	48,594	$	53,489

Liabilities
Current
Finance	Current portion of finance lease liabilities	$	986	$	1,219	$	1,082
Operating	Current portion of operating lease liabilities	13,758		14,654		15,701
Noncurrent
Finance	Finance lease liabilities	356		695		1,342
Operating	Operating lease liabilities	30,051		32,683		36,407
Total lease liabilities		$	45,151	$	49,251	$	54,532

Changes in Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Aug. 01, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of changes in AOCL by component (net of tax)

Changes in AOCL by component (net of tax) are summarized as follows (in thousands):


	Defined Benefit Pension Plan Items
	Three Months Ended						Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Beginning balance	$	30,628	$	12,809	$	31,059	$	12,809


Amounts reclassified from AOCL	(430)		—		(861)		—


Ending balance	$	30,198	$	12,809	$	30,198	$	12,809

Basis of Presentation Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019	Feb. 02, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 82,868	$ 277,077	$ 118,108
Restricted cash	0	0	17,150
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 82,868	$ 277,077	$ 135,258	$ 123,509

Basis of Presentation Store Data (Details)	Aug. 01, 2020
Risks and Uncertainties [Abstract]
Number of Stores	285

Recently Issued Accounting Standards New Accounting Pronouncements or Change in Accounting Principle (Details) $ in Thousands	6 Months Ended
	Aug. 01, 2020 USD ($) segment	Feb. 01, 2020 USD ($)	Aug. 03, 2019 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of Reportable Segments \| segment	2
Other current assets \| $	$ 65,758	$ 59,838	$ 77,646

Business Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
Business Segments (Details) $ in Thousands	Aug. 01, 2020 USD ($)	Aug. 03, 2019 USD ($)	Aug. 01, 2020 USD ($) segment	Aug. 03, 2019 USD ($)	Feb. 01, 2020 USD ($)	Feb. 02, 2019 USD ($)
Segment Reporting [Abstract]
Costs and estimated earnings in excess of billings on uncompleted contracts, construction segment	$ 722	$ 2,927	$ 722	$ 2,927	$ 2,179	$ 1,165
Billings in excess of costs and estimated earnings on uncompleted contracts, construction segment	7,212	10,358	7,212	10,358	5,737	7,414
Accounts Receivable, Construction Segment	19,222	36,276	19,222	36,276	28,522	31,867
Revenue, Remaining Performance Obligation, Amount	127,000	108,400	127,000	108,400	156,500
Revenue Recognized, previously recorded in Billings in excess of costs and estimated earnings			4,700	6,800
Contract with Customer, Liability	58,186	63,041	58,186	63,041	75,229	$ 72,852
Contract with Customer, Liability, Revenue Recognized			29,800	37,600
Business Segments
Revenue from Contracts with Customers	$ 919,044	$ 1,426,863	$ 1,705,699	$ 2,892,304
Concentration Risk, Percentage	100.00%	100.00%	100.00%	100.00%
Number of Reportable Segments \| segment			2
Gross profit	$ 279,197	$ 394,849	$ 377,383	$ 932,523
Depreciation and amortization	50,951	54,383	101,852	106,747
Interest and debt expense (income), net	12,873	12,248	25,143	23,485
Loss before income taxes	(33,326)	(52,151)	(261,471)	48,621
Total assets	3,083,236	3,512,079	3,083,236	3,512,079	$ 3,430,257
Retail operations
Business Segments
Revenue from Contracts with Customers	$ 893,216	$ 1,378,163	$ 1,644,243	$ 2,798,685
Concentration Risk, Percentage	97.00%	97.00%	96.00%	97.00%
Number of Reportable Segments \| segment			1
Number of store formats \| segment			1
Gross profit	$ 277,407	$ 395,137	$ 373,441	$ 931,508
Depreciation and amortization	50,784	54,207	101,516	106,401
Interest and debt expense (income), net	12,885	12,278	25,176	23,542
Loss before income taxes	(33,699)	(50,929)	(262,366)	49,799
Total assets	3,056,320	3,463,087	3,056,320	3,463,087
Construction
Business Segments
Revenue from Contracts with Customers	$ 25,828	$ 48,700	$ 61,456	$ 93,619
Concentration Risk, Percentage	3.00%	3.00%	4.00%	3.00%
Gross profit	$ 1,790	$ (288)	$ 3,942	$ 1,015
Depreciation and amortization	167	176	336	346
Interest and debt expense (income), net	(12)	(30)	(33)	(57)
Loss before income taxes	373	(1,222)	895	(1,178)
Total assets	26,916	48,992	26,916	48,992
Intersegment Eliminations [Member]
Business Segments
Revenue from Contracts with Customers	$ 6,900	$ 6,200	$ 18,300	$ 14,600
Cosmetics [Member] \| Retail operations
Business Segments
Concentration Risk, Percentage	14.00%	13.00%	14.00%	13.00%
Ladies Apparel [Member] \| Retail operations
Business Segments
Concentration Risk, Percentage	21.00%	24.00%	21.00%	24.00%
Ladies Accessories and Lingerie [Member] \| Retail operations
Business Segments
Concentration Risk, Percentage	16.00%	16.00%	16.00%	15.00%
Juniors and Children's Apparel [Member] \| Retail operations
Business Segments
Concentration Risk, Percentage	9.00%	8.00%	9.00%	10.00%
Mens Apparel and Accessories [Member] \| Retail operations
Business Segments
Concentration Risk, Percentage	20.00%	19.00%	18.00%	17.00%
Shoes [Member] \| Retail operations
Business Segments
Concentration Risk, Percentage	13.00%	14.00%	14.00%	15.00%
Home and Furniture [Member] \| Retail operations
Business Segments
Concentration Risk, Percentage	4.00%	3.00%	4.00%	3.00%

Earnings Per Share Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Earnings Per Share [Abstract]
Net Income	$ (8,566)	$ (40,671)	$ (170,541)	$ 37,931
Weighted Average Number of Shares Outstanding, Basic and Diluted	23,174,000	25,584,000	23,264,000	25,949,000
Earnings Per Share, Basic and Diluted	$ (0.37)	$ (1.59)	$ (7.33)	$ 1.46
Total dilutive and potentially dilutive securities outstanding (in shares)	0		0

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Commitments and Contingencies (Details) $ in Millions	Aug. 01, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit under the Company's revolving credit facility	$ 21.0

Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Benefit Plans (Details) - USD ($) $ in Thousands	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Retirement Benefits, Description [Abstract]
Employer contributions to pension plan	$ 1,400		$ 2,800
Employer contributions to pension plan	1,400		2,800
Components of net periodic benefit costs:
Service cost	1,090	$ 905	2,180	$ 1,810
Interest cost	1,536	1,917	3,072	3,834
Net actuarial loss	568	0	1,137	0
Net periodic benefit costs	3,194	2,822	6,389	5,644
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Year	2,700		2,700
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions to pension plan	1,400		2,800
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Components of net periodic benefit costs:
Net actuarial loss	$ 568	$ 0	$ 1,137	$ 0

Revolving Credit Agreement (Details) - USD ($)	3 Months Ended	6 Months Ended
Revolving Credit Agreement (Details) - USD ($)	Aug. 01, 2020	Aug. 01, 2020	Aug. 03, 2019
Credit agreement
Payments of Financing Costs	$ 3,000,000.0	$ 3,001,000	$ 0
Line of Credit Facility, Maximum Borrowing Capacity	800,000,000	$ 800,000,000
Line of Credit Facility, Expansion Option	$ 200,000,000
Reference rate		LIBOR
Percentage points added to reference rate		1.75%
Interest rate at end of period (as a percent)	2.75%	2.75%
Letters of credit issued	$ 21,000,000.0	$ 21,000,000.0
Unutilized credit facility borrowing capacity	447,000,000.0	$ 447,000,000.0
Minimum line of credit availability for no financial covenant requirements	100,000,000
Annual commitment fee (as a percent)		0.30%
Line of Credit Borrowed and Repaid during period	$ 779,000,000	$ 779,000,000
Proceeds from (Repayments of) Lines of Credit		$ 229,600,000	$ 117,900,000
Line of Credit Facility, Interest Rate During Period	1.00%

Stock Repurchase Programs (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Schedule of Share Repurchase Program Activity [Abstract]
Stock Repurchase Program, Authorized Amount	$ 500,000		$ 500,000
Treasury Stock, Shares, Acquired	586,851	818,585	1,585,593	1,064,743
Amount of shares repurchased	$ 14,268	$ 48,861	$ 76,097	$ 66,301
Average price of shares repurchased (in dollars per share)	$ 24,310	$ 59.69	$ 47.99	$ 62.27
Repurchase of common stock remaining authorization	$ 192,600		$ 192,600

Income Taxes Income Taxes (Details) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	11 Months Ended
	Aug. 01, 2020	Aug. 01, 2020	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%		35.00%
Tax benefit related to carryback provision of the CARES Act	$ 17.4	$ 32.1

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL") (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019	Feb. 01, 2020
Reclassifications from accumulated other comprehensive loss
Amortization of actuarial losses	$ 568	$ 0	$ 1,137	$ 0
Income before income taxes and income on and equity in losses of joint ventures	33,326	52,151	261,471	(48,621)
Income tax expense	24,760	11,480	90,930	(10,690)
Net Income	8,566	40,671	170,541	(37,931)
Net Actuarial Loss less than 10 percent of PBO					10.00%
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassifications from accumulated other comprehensive loss
Amortization of actuarial losses	568	0	1,137	0
Income tax expense	138	0	276	0
Net Income	$ 430	$ 0	$ 861	$ 0

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases (Details) - USD ($) $ in Thousands	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019	Feb. 01, 2020
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 44,091	$ 52,608	$ 44,091	$ 52,608	$ 47,924
Finance Lease, Right-of-Use Asset	459	881	459	881	670
Right-of-Use Assets, Total	44,550	53,489	44,550	53,489	48,594
Operating Lease, Liability, Current	13,758	15,701	13,758	15,701	14,654
Operating Lease, Liability, Noncurrent	30,051	36,407	30,051	36,407	32,683
Operating Lease, Liability	43,809	52,100	43,809	52,100	47,300
Finance Lease, Liability, Current	986	1,082	986	1,082	1,219
Finance Lease, Liability, Noncurrent	356	1,342	356	1,342	695
Finance Lease, Liability	1,342		1,342
Lease Liabilities, Total	$ 45,151	54,532	$ 45,151	54,532	49,251
Operating Lease, Weighted Average Remaining Lease Term	6 years 2 months 12 days		6 years 2 months 12 days
Finance Lease, Weighted Average Remaining Lease Term	1 year 3 months 18 days		1 year 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	6.60%		6.60%
Finance Lease, Weighted Average Discount Rate, Percent	12.30%		12.30%
accumulated amortization finance leases	$ 14,100	13,700	$ 14,100	13,700	$ 13,900
Income and Expenses, Lessee [Abstract]
Finance Lease, Interest Expense	62	123	142	258
Finance Lease, Right-of-Use Asset, Amortization	105	106	211	211
Net Lease Cost	5,806	6,438	11,542	12,796
Short-term Lease, Cost	500	1,000	1,000	1,700
Variable Lease, Cost	400	$ 400	700	800
Cash Flow, Operating Activities, Lessee [Abstract]
Operating Lease, Payments			9,387	10,388
Finance Lease, Interest Payment on Liability			142	258
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			4,084	4,601
Cash Flow, Financing Activities, Lessee [Abstract]
Finance Lease, Principal Payments			572	$ 456
Total lease liability payments [Abstract]
2020, Remainder Fiscal Year	8,533		8,533
2021	14,879		14,879
2022	7,811		7,811
2023	4,496		4,496
2024	3,714		3,714
After 2024	15,916		15,916
Lease Liability, Payments Due	55,349		55,349
Lease Liability, Undiscounted Excess Amount	(10,198)		(10,198)
Finance Lease Liabilities, Payments, Due [Abstract]
2020, Remainder of Fiscal Year	714		714
2021	726		726
2022	0		0
2023	0		0
2024	0		0
After 2024	0		0
Finance Lease, Liability, Payments, Due	1,440		1,440
Finance Lease, Liability, Undiscounted Excess Amount	(98)		(98)
Operating Lease Liabilities, Payments Due [Abstract]
2020, Remainder of Fiscal Year	7,819		7,819
2021	14,153		14,153
2022	7,811		7,811
2023	4,496		4,496
2024	3,714		3,714
After 2024	15,916		15,916
Lessee, Operating Lease, Liability, Payments, Due	53,909		53,909
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	$ (10,100)		$ (10,100)

Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Changes in accumulated other comprehensive loss
Beginning balance			$ 31,059
Net other comprehensive income	$ (430)		(861)
Ending balance	30,198	$ 12,809	30,198	$ 12,809
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Changes in accumulated other comprehensive loss
Beginning balance	31,059	12,809	30,628	12,809
Amounts reclassified from AOCL	(430)	0	(861)	0
Ending balance	$ 30,198	$ 12,809	$ 30,198	$ 12,809

Gain on Disposal of Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Gain on disposal of assets
Proceeds from disposal of assets		$ 8,600	$ 308	$ 21,997
Gain on disposal of assets	$ (33)	$ 4,900	$ (14)	$ 12,300

Fair Value Disclosures (Details) - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019
Fair value disclosures
Subordinated debentures	$ 200,000	$ 200,000	$ 200,000
Fair Value of Assets
Fair value disclosures
Long-term debt, including current portion, fair value	391,000
Subordinated debentures	158,000
Carrying value
Fair value disclosures
Long-term debt, including current portion	365,800
Subordinated debentures	$ 200,000