0001564590-21-047501 | 10-Q | XBRL Viewer

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jul. 31, 2021	Sep. 03, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Trading Symbol	URBN
Entity Registrant Name	URBAN OUTFITTERS, INC.
Entity Central Index Key	0000912615
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Common Shares, par value $.0001 per share
Entity File Number	000-22754
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2003332
Entity Address, Address Line One	5000 South Broad Street
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19112-1495
City Area Code	215
Local Phone Number	454-5500
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		98,363,862

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Current assets:
Cash and cash equivalents	$ 464,811	$ 395,635	$ 662,860
Marketable securities	156,982	174,695	501
Accounts receivable, net of allowance for doubtful accounts of $1,302, $4,028 and $4,123, respectively	94,402	89,952	60,441
Inventory	483,148	389,618	351,771
Prepaid expenses and other current assets	196,070	173,432	195,393
Total current assets	1,395,413	1,223,332	1,270,966
Property and equipment, net	1,047,751	967,422	889,126
Operating lease right-of-use assets	1,068,919	1,114,762	1,134,678
Marketable securities	113,249	123,662	9,216
Deferred income taxes and other assets	117,556	117,167	121,292
Total Assets	3,742,888	3,546,345	3,425,278
Current liabilities:
Accounts payable	240,245	237,386	207,261
Current portion of operating lease liabilities	243,338	254,703	270,326
Accrued expenses, accrued compensation and other current liabilities	462,782	414,043	293,629
Total current liabilities	946,365	906,132	771,216
Non-current portion of operating lease liabilities	1,030,212	1,074,009	1,102,250
Long-term debt			120,000
Deferred rent and other liabilities	96,891	88,846	81,219
Total Liabilities	2,073,468	2,068,987	2,074,685
Commitments and contingencies (see Note 12)
Shareholders’ equity:
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued
Common shares; $.0001 par value, 200,000,000 shares authorized, 98,357,090, 97,815,985 and 97,779,586 shares issued and outstanding, respectively	10	10	10
Additional paid-in-capital	26,581	19,360	9,956
Retained earnings	1,655,917	1,475,108	1,369,830
Accumulated other comprehensive loss	(13,088)	(17,120)	(29,203)
Total Shareholders’ Equity	1,669,420	1,477,358	1,350,593
Total Liabilities and Shareholders’ Equity	$ 3,742,888	$ 3,546,345	$ 3,425,278

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Statement Of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,302	$ 4,028	$ 4,123
Preferred shares, par value	$ 0.0001	$ 0.0001	$ 0.0001
Preferred shares, shares authorized	10,000,000	10,000,000	10,000,000
Preferred shares, shares issued	0	0	0
Common shares, par value	$ 0.0001	$ 0.0001	$ 0.0001
Common shares, shares authorized	200,000,000	200,000,000	200,000,000
Common shares, shares issued	98,357,090	97,815,985	97,779,586
Common shares, shares outstanding	98,357,090	97,815,985	97,779,586

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Income Statement [Abstract]
Net sales	$ 1,157,725	$ 803,266	$ 2,085,140	$ 1,391,749
Cost of sales (excluding store impairment)	722,460	565,228	1,349,224	1,127,340
Store impairment				14,528
Gross profit	435,265	238,038	735,916	249,881
Selling, general and administrative expenses	269,412	168,619	496,560	379,197
Income (loss) from operations	165,853	69,419	239,356	(129,316)
Other loss, net	(1,797)	(533)	(1,952)	(371)
Income (loss) before income taxes	164,056	68,886	237,404	(129,687)
Income tax expense (benefit)	36,794	34,486	56,595	(25,645)
Net income (loss)	$ 127,262	$ 34,400	$ 180,809	$ (104,042)
Net income (loss) per common share:
Basic	$ 1.29	$ 0.35	$ 1.84	$ (1.06)
Diluted	$ 1.28	$ 0.35	$ 1.82	$ (1.06)
Weighted-average common shares outstanding:
Basic	98,315,441	97,778,749	98,213,555	97,843,796
Diluted	99,601,292	98,104,918	99,463,468	97,843,796

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 127,262	$ 34,400	$ 180,809	$ (104,042)
Other comprehensive income (loss):
Foreign currency translation	(1,394)	11,765	4,028	(852)
Change in unrealized gains (losses) on marketable securities, net of tax	47	(43)	4	(347)
Total other comprehensive income (loss)	(1,347)	11,722	4,032	(1,199)
Comprehensive income (loss)	$ 125,915	$ 46,122	$ 184,841	$ (105,241)

- Definition

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

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+ Details

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance at Jan. 31, 2020	$ 1,455,355	$ 10	$ 9,477	$ 1,473,872	$ (28,004)
Beginning Balances (in shares) at Jan. 31, 2020		97,976,815
Comprehensive income (loss)	(105,241)			(104,042)	(1,199)
Share-based compensation	11,257		11,257
Share-based awards (in shares)		440,508
Share repurchases	(10,778)		(10,778)
Share repurchases (in shares)		(637,737)
Ending Balance at Jul. 31, 2020	$ 1,350,593	$ 10	9,956	1,369,830	(29,203)
Ending Balances (in shares) at Jul. 31, 2020	97,779,586	97,779,586
Beginning Balance at Apr. 30, 2020	$ 1,298,108	$ 10	3,593	1,335,430	(40,925)
Beginning Balances (in shares) at Apr. 30, 2020		97,777,322
Comprehensive income (loss)	46,122			34,400	11,722
Share-based compensation	6,385		6,385
Share-based awards (in shares)		3,334
Share repurchases	(22)		(22)
Share repurchases (in shares)		(1,070)
Ending Balance at Jul. 31, 2020	$ 1,350,593	$ 10	9,956	1,369,830	(29,203)
Ending Balances (in shares) at Jul. 31, 2020	97,779,586	97,779,586
Beginning Balance at Jan. 31, 2021	$ 1,477,358	$ 10	19,360	1,475,108	(17,120)
Beginning Balances (in shares) at Jan. 31, 2021	97,815,985	97,815,985
Comprehensive income (loss)	$ 184,841			180,809	4,032
Share-based compensation	11,968		11,968
Share-based awards	2,815		2,815
Share-based awards (in shares)		763,636
Share repurchases	(7,562)		(7,562)
Share repurchases (in shares)		(222,531)
Ending Balance at Jul. 31, 2021	$ 1,669,420	$ 10	26,581	1,655,917	(13,088)
Ending Balances (in shares) at Jul. 31, 2021	98,357,090	98,357,090
Beginning Balance at Apr. 30, 2021	$ 1,534,509	$ 10	17,585	1,528,655	(11,741)
Beginning Balances (in shares) at Apr. 30, 2021		98,235,127
Comprehensive income (loss)	125,915			127,262	(1,347)
Share-based compensation	7,398		7,398
Share-based awards	1,742		1,742
Share-based awards (in shares)		125,800
Share repurchases	(144)		(144)
Share repurchases (in shares)		(3,837)
Ending Balance at Jul. 31, 2021	$ 1,669,420	$ 10	$ 26,581	$ 1,655,917	$ (13,088)
Ending Balances (in shares) at Jul. 31, 2021	98,357,090	98,357,090

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ 180,809	$ (104,042)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	51,223	53,388
Non-cash lease expense	95,097	97,655
Benefit for deferred income taxes	(1,275)	(17,074)
Share-based compensation expense	11,968	11,257
Store impairment		14,528
Loss on disposition of property and equipment, net	121	679
Changes in assets and liabilities:
Receivables	(4,349)	27,912
Inventory	(93,049)	58,002
Prepaid expenses and other assets	4,272	(62,170)
Payables, accrued expenses and other liabilities	61,586	94,196
Operating lease liabilities	(111,210)	(59,115)
Net cash provided by operating activities	195,193	115,216
Cash flows from investing activities:
Cash paid for property and equipment	(105,624)	(72,103)
Cash paid for marketable securities	(165,927)	(92,949)
Sales and maturities of marketable securities	148,582	383,056
Net cash (used in) provided by investing activities	(122,969)	218,004
Cash flows from financing activities:
Borrowings under debt		220,000
Repayments of debt		(100,000)
Proceeds from the exercise of stock options	2,815
Share repurchases related to share repurchase program		(7,036)
Share repurchases related to taxes for share-based awards	(7,562)	(3,742)
Net cash (used in) provided by financing activities	(4,747)	109,222
Effect of exchange rate changes on cash and cash equivalents	1,699	(1,421)
Increase in cash and cash equivalents	69,176	441,021
Cash and cash equivalents at beginning of period	395,635	221,839
Cash and cash equivalents at end of period	464,811	662,860
Cash paid during the year for:
Income taxes	42,767	11,287
Non-cash investing activities—Accrued capital expenditures	$ 60,168	$ 2,710

Basis of Presentation

6 Months Ended

Jul. 31, 2021

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These condensed financial statements should be read in conjunction with Urban Outfitters, Inc.’s (the “Company’s”) Annual Report on Form 10-K for the fiscal year ended January 31, 2021, filed with the United States Securities and Exchange Commission on April 1, 2021.

The Company’s business experiences seasonal fluctuations in net sales and net income, with a more significant portion typically realized in the second half of each year predominantly due to the year-end holiday period. Historically, and consistent with the retail industry, this seasonality also impacts our working capital requirements, particularly with regard to inventory. Accordingly, the results of operations for the three and six months ended July 31, 2021 are not necessarily indicative of the results to be expected for the full year.

The Company’s fiscal year ends on January 31. All references in these notes to the Company’s fiscal years refer to the fiscal years ended on January 31 in those years. For example, the Company’s fiscal year 2022 will end on January 31, 2022.

Historically and for the six months ended July 31, 2021, the Company has calculated its provision for income taxes during its interim reporting periods by applying an estimate of the annual effective tax rate for the full year "ordinary" income or loss for the respective reporting period. For the six months ended July 31, 2020, however, the Company computed its provision for income taxes under the discrete method which allowed the Company to calculate its tax provision based upon the actual effective tax rate for the year-to-date. The discrete method was determined to be an appropriate method for estimating the tax provision for the six months ended July 31, 2020 as it provided a reliable estimate as opposed to changes in estimated "ordinary" income or loss which would have resulted in significant fluctuations when estimating the annual effective tax rate.

Recent Accounting Pronouncements

The Company has considered all new accounting standards updates issued by the Financial Accounting Standards Board (“FASB”) and has concluded that there are no recent accounting standard updates that will have a material impact on its consolidated financial statements and related disclosures.

Impact of the Coronavirus Pandemic

6 Months Ended

Jul. 31, 2021

Extraordinary And Unusual Items [Abstract]

Impact of the Coronavirus Pandemic

2. Impact of the Coronavirus Pandemic

Impact on Fiscal 2021

On March 11, 2020, the World Health Organization declared the novel strain of coronavirus (“COVID-19”) a global pandemic and recommended containment and mitigation measures worldwide. On March 14, 2020, the Company announced that it temporarily closed all stores, offices and showrooms globally. The Company’s distribution and fulfillment centers remained open to support the digital business and the Wholesale segment operations but did so with additional safety procedures and enhanced cleaning measures in place to protect the health of employees. All other corporate and showroom employees worked remotely.

In response to the COVID-19 pandemic, the Company took many measures to protect its financial position and increase financial flexibility. For details of all such material measures taken during fiscal 2021, refer to the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021, filed with the SEC on April 1, 2021. See Note 6, “Debt,” for discussion of the Company’s borrowings and subsequent repayments under its Amended Credit Facility during fiscal 2021.

As a result of the COVID-19 pandemic, during fiscal 2021, the Company recorded certain additional reserves, including inventory obsolescence reserves and an allowance for doubtful accounts for Wholesale segment customer accounts receivables, and non-cash charges, primarily store impairment charges. For further discussion of such reserves and non-cash charges for the first six months of fiscal 2021 and the full year impact on fiscal 2021, see the Company’s Quarterly Report on Form 10-Q for the quarterly period ended July 31, 2020, filed with the SEC on September 9, 2020, and the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021.

Beginning April 25, 2020, the Company reopened stores in select states and countries in accordance with local government guidelines. As of July 31, 2020, substantially all of the Company’s stores had reopened. Where opening was permitted, the Company followed newly established health protocols, provided personal protective equipment to its employees, and implemented social distancing working practices. Additionally, the Company implemented occupancy limits, reduced operating hours, and instituted new cleaning regimens. As a result, the Company incurred incremental costs for personal protective equipment and additional payroll and other costs associated with implementing these health protocols in its stores, distribution and fulfillment centers, and corporate offices. During the fourth quarter of fiscal 2021, certain store operations were again impacted by an additional round of temporary store closures and occupancy restrictions, primarily in Europe and Canada.

As a result of the COVID-19 pandemic, certain governments implemented programs (some of which expired in fiscal 2021) to encourage companies to retain and pay employees that were unable to work or were limited in the work they could perform in light of closures or a significant decline in sales. The Company qualified for certain of these programs during the second quarter and remainder of fiscal 2021 and recorded the benefit as an offset to selling, general and administrative expenses or to store occupancy expenses in cost of sales based on the nature of the related expenses offset by such programs.

Impact on Fiscal 2022

The COVID-19 pandemic continued to negatively impact the Company’s store operations during the first half of fiscal 2022 due to reduced store traffic as closures and occupancy restrictions continued primarily in Europe and Canada. During the second quarter of fiscal 2022, all remaining COVID-19 related store closures in Europe and Canada expired, although some capacity restrictions remain continued in certain European and Canadian stores.

The Company continued to qualify for certain government assistance programs that partially offset related expenses in locations impacted by closures during fiscal 2022, but as of July 31, 2021, the Company no longer qualified for such programs in the United States and Canada. The Company recorded the benefit of the government assistance programs as an offset to selling, general and administrative expenses or store occupancy expenses in cost of sales based on the nature of the related expenses offset by such programs.

Impact on Future Operations

The COVID-19 pandemic continues to impact the Company’s operations and related government and private sector responsive actions could continue to affect its business operations. Additionally, the Company is experiencing some COVID-19 supply chain disruptions from sourcing and inventory receipt delays, as well as an increase in inbound freight costs. The Company cannot reasonably estimate the duration and severity of the COVID-19 pandemic, which has had and may continue to have a material impact on its business. As a result, current financial information may not be necessarily indicative of future operating results and the Company’s plans to address the impact of the COVID-19 pandemic may change.

Revenue from Contracts with Customers

6 Months Ended

Jul. 31, 2021

Revenue From Contract With Customer [Abstract]

Revenue from Contract with Customers

3. Revenue from Contracts with Customers

Contract receivables occur when the Company satisfies all of its performance obligations under a contract and recognizes revenue prior to billing or receiving consideration from a customer for which it has an unconditional right to payment. Contract receivables arise from credit card transactions and sales to the Company’s Wholesale segment customers and franchisees. For the six month period ended July 31, 2021, the opening and closing balances of contract receivables, net of allowance for doubtful accounts, was $89,952 and $94,402, respectively. For the six month period ended July 31, 2020, the opening and closing balances of contract receivables, net of allowance for doubtful accounts, was $88,288 and $60,441, respectively. During the three month period ended July 31, 2020, the Company reduced the allowance for doubtful accounts by $2,200 due to the collection of certain outstanding

receivable balances for Wholesale segment customer accounts, resulting in a net increase in the allowance for doubtful accounts of $3,600 for the six months ended July 31, 2020. During the remainder of fiscal 2021 and the first quarter of fiscal 2022, the Company continued to reduce the allowance for doubtful accounts due to the collection of certain outstanding accounts receivables. Contract receivables are included in “Accounts receivable, net of allowance for doubtful accounts” in the Condensed Consolidated Balance Sheets.

Contract liabilities represent unearned revenue and result from the Company receiving consideration in a contract with a customer for which it has not satisfied all of its performance obligations. The Company’s contract liabilities result from customer deposits, customer loyalty programs and the issuance of gift cards. Gift cards are expected to be redeemed within two years of issuance, with the majority of redemptions occurring in the first year. For the six month period ended July 31, 2021, the opening and closing balances of contract liabilities were $61,986 and $63,375, respectively. For the six month period ended July 31, 2020, the opening and closing balances of contract liabilities were $52,926 and $47,709, respectively. Contract liabilities are included in “Accrued expenses, accrued compensation and other current liabilities” in the Condensed Consolidated Balance Sheets. During the six month period ended July 31, 2021, the Company recognized $21,325 of revenue that was included in the contract liability balance at the beginning of the period. During the six month period ended July 31, 2020, the Company recognized $18,781 of revenue that was included in the contract liability balance at the beginning of the period.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Marketable Securities

6 Months Ended

Jul. 31, 2021

Investments Debt And Equity Securities [Abstract]

Marketable Securities

4. Marketable Securities

During all periods shown, marketable securities are classified as available-for-sale. The amortized cost, gross unrealized gains (losses) and fair value of available-for-sale securities by major security type and class of security as of July 31, 2021, January 31, 2021 and July 31, 2020 were as follows:

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		(Losses)			Value
As of July 31, 2021
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	122,173	$	14	$	(87	)	$	122,100
Corporate bonds		28,808		2		(24	)		28,786
Commercial paper		6,096		—		—			6,096
		157,077		16		(111	)		156,982
Long-term Investments:
Municipal and pre-refunded municipal bonds		40,069		34		(56	)	$	40,047
Corporate bonds		61,646		4		(159	)		61,491
Mutual funds, held in rabbi trust		11,610		143		(42	)		11,711
		113,325		181		(257	)		113,249
	$	270,402	$	197	$	(368	)	$	270,231
As of January 31, 2021
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	127,097	$	11	$	(53	)	$	127,055
Corporate bonds		38,695		1		(48	)		38,648
Commercial paper		8,992		—		—			8,992
		174,784		12		(101	)		174,695
Long-term Investments:
Municipal and pre-refunded municipal bonds		53,134		17		(46	)		53,105
Corporate bonds		59,890		3		(129	)		59,764
Mutual funds, held in rabbi trust		10,827		20		(54	)		10,793
		123,851		40		(229	)		123,662
	$	298,635	$	52	$	(330	)	$	298,357

	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		(Losses)		Value
As of July 31, 2020
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	210	$	—	$	—	$	210
Corporate bonds		291		—		—		291
		501		—		—		501
Long-term Investments:
Municipal and pre-refunded municipal bonds		53		1		—		54
Corporate bonds		30		—		—		30
Mutual funds, held in rabbi trust		8,767		365		—		9,132
		8,850		366		—		9,216
	$	9,351	$	366	$	—	$	9,717

Proceeds from the sales and maturities of available-for-sale securities were $148,582 and $383,056 for the six months ended July 31, 2021 and 2020, respectively. The Company initially liquidated its marketable securities portfolio in the six months ended July 31, 2020 primarily to preserve financial flexibility and maintain liquidity in response to the COVID-19 pandemic, but reinvested in a marketable securities portfolio by January 31, 2021. The Company included in “Other loss, net,” in the Condensed Consolidated Statements of Operations, a net realized gain of $4 for the three and six months ended July 31, 2021, and a net realized gain of $34 and a net realized loss of $420 for the three and six months ended July 31, 2020, respectfully. Amortization of discounts and premiums, net, resulted in a reduction of “Other loss, net” of $1,398 and $2,736 for the three and six months ended July 31, 2021, respectively, and $208 and $617 for the three and six months ended July 31, 2020, respectfully. Mutual funds represent assets held in an irrevocable rabbi trust for the Company’s Non-qualified Deferred Compensation Plan (“NQDC”). These assets are a source of funds to match the funding obligations to participants in the NQDC but are subject to the Company’s general creditors. The Company elected the fair value option for financial assets for the mutual funds held in the rabbi trust resulting in all unrealized gains and losses being recorded in “Other loss, net” in the Condensed Consolidated Statements of Operations.

Fair Value

6 Months Ended

Jul. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value

5. Fair Value

The Company utilizes a hierarchy that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques (market approach, income approach and cost approach that relate to its financial assets and financial liabilities). The levels of the hierarchy are described as follows:

•

Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities.

•

Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

•

Level 3: Unobservable inputs that reflect the Company’s own assumptions.

Management’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of financial assets and liabilities and their placement within the fair value hierarchy. The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below:

	Marketable Securities Fair Value as of
	July 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	—	$	162,147	$	—	$	162,147
Corporate bonds		—		90,277		—		90,277
Mutual funds, held in rabbi trust		11,711		—		—		11,711
Commercial paper		—		6,096		—		6,096
	$	11,711	$	258,520	$	—	$	270,231

	Marketable Securities Fair Value as of
	January 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	—	$	180,160	$	—	$	180,160
Corporate bonds		—		98,412		—		98,412
Mutual funds, held in rabbi trust		10,793		—		—		10,793
Commercial paper		—		8,992		—		8,992
	$	10,793	$	287,564	$	—	$	298,357

	Marketable Securities Fair Value as of
	July 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	264	$	—	$	—	$	264
Corporate bonds		321		—		—		321
Mutual funds, held in rabbi trust		9,132		—		—		9,132
		9,717		—		—		9,717

Financial assets

Level 1 assets consist of financial instruments whose value has been based on inputs that use, as their basis, readily observable market data that are actively quoted and are validated through external sources, including third-party pricing services and brokers.

Level 2 assets consist of financial instruments whose value has been based on quoted prices for similar assets and liabilities in active markets as well as quoted prices for identical or similar assets or liabilities in markets that are not active.

Level 3 assets consist of financial instruments where there has been no active market. The Company held no Level 3 financial instruments as of July 31, 2021, January 31, 2021 and July 31, 2020.

The fair value of cash and cash equivalents (Level 1) approximates carrying value since cash and cash equivalents consist of short-term highly liquid investments with maturities of less than three months at the time of purchase. As of July 31, 2021, January 31, 2021 and July 31, 2020, cash and cash equivalents included cash on hand, cash in banks, money market accounts and marketable securities with maturities of less than three months at the time of purchase. The fair value of debt approximates its carrying value as it is all variable rate debt.

Non-financial assets

The Company’s non-financial assets, primarily consisting of property and equipment and lease-related right-of-use assets are tested for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable.

The fair value of property and equipment was determined using a discounted cash-flow model that utilized Level 3 inputs. The Company’s retail locations are reviewed for impairment at the retail location level, which is the lowest level at which individual cash flows can be identified. In calculating future cash flows, the Company makes estimates regarding future operating results based on its experience and knowledge of market factors in which the retail location is located. Right-of-use assets are tested for impairment in the same manner as property and equipment. During the three months ended July 31, 2020, impairment charges were zero, however, during the six months ended July 31, 2020, the Company determined that certain long-lived assets at the Company’s retail locations were unable to recover their carrying value primarily due to the impact of the mandated store closures and anticipated reduced store net sales during the remainder of fiscal 2021 as a result of the COVID-19 pandemic. These assets were written down to a fair value resulting in impairment charges of $14,528 across 39 retail locations, with a carrying value after impairment of $96,523 related to the right-of-use assets.

- 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

Debt

6 Months Ended

Jul. 31, 2021

Debt Disclosure [Abstract]

Debt

6. Debt

On June 29, 2018, the Company and its domestic subsidiaries entered into an amended and restated credit agreement (the “Amended Credit Agreement”) that amended the Company’s asset-based revolving credit facility with certain lenders, including JPMorgan Chase Bank, N.A., as administrative agent, and J.P. Morgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as joint lead arrangers and co-book managers.

The Amended Credit Agreement extended the maturity date of the senior secured revolving credit facility to June 2023 (the “Amended Credit Facility”). The Amended Credit Facility provides for loans and letters of credit up to $350,000, subject to a borrowing base that is comprised of the Company’s eligible accounts receivable and inventory. The Amended Credit Facility includes a swing-line sub-facility, a multicurrency sub-facility and the option to expand the facility by up to $150,000. The funds available under the Amended Credit Facility may be used for working capital and other general corporate purposes.

The Amended Credit Facility provides for interest on borrowings, at the Company’s option, at either (i) adjusted LIBOR, CDOR or EURIBOR plus an applicable margin ranging from 1.125% to 1.375%, or (ii) an adjusted ABR plus an applicable margin ranging from 0.125% to 0.375%, each such applicable margin depending on the level of availability under the Amended Credit Facility. Depending on the type of borrowing, interest on the Amended Credit Agreement is payable monthly, quarterly or at the end of the interest period. A commitment fee of 0.20% is payable quarterly on the unused portion of the Amended Credit Facility.

All obligations under the Amended Credit Facility are unconditionally guaranteed by the Company and certain of its U.S. subsidiaries. The obligations under the Amended Credit Facility are secured by a first-priority security interest in inventory, accounts receivable and certain other assets of the Company and certain of its U.S. subsidiaries. The obligations of URBN Canada Retail, Inc. are secured by a first-priority security interest in its inventory, accounts receivable and certain other assets. The Amended Credit Agreement contains customary representations and warranties, negative and affirmative covenants and provisions relating to events of default.

As of July 31, 2021, the Company had $0 in borrowings under the Amended Credit Facility. The Company borrowed $220,000 during the first quarter of fiscal 2021 in order to preserve financial flexibility and maintain liquidity and flexibility in response to the COVID-19 pandemic. The Company repaid $100,000 during the three months ended July 31, 2020 and repaid the remaining $120,000 during the three months ended October 31, 2020. As of May 31, 2020, the availability under the Amended Credit Agreement had been reduced to a level that triggered measurement of the Company’s Fixed Charge Coverage Ratio. The Fixed Charge Coverage Ratio covenant was not met as of May 31, 2021. The Company obtained a waiver effective through September 15, 2020 to cure the technical default. As of July 31, 2021, the Company was in compliance with the terms of the Amended Credit Agreement. The Company expects to remain in compliance with all terms, including covenants, of the Amended Credit Agreement. Outstanding stand-by letters of credit, which reduce the funds available under the Amended Credit

Facility, were $13,501. Interest expense for the Amended Credit Facility for the six months ended July 31, 2021 and July 31, 2020, was $520 and $1,976, respectively, which was included in “Other loss, net,” in the Condensed Consolidated Statements of Income.

Leases

6 Months Ended

Jul. 31, 2021

Leases [Abstract]

Leases

7. Leases

The Company has operating leases for stores, distribution and fulfillment centers, corporate offices and equipment. The Company subleases certain properties to third parties.

Total operating lease costs were $67,794 and $136,502 during the three and six months ended July 31, 2021, respectively, and $69,183 and $137,193 during the three and six months ended July 31, 2020, respectively. Total variable lease costs were $28,179 and $48,681 during the three and six months ended July 31, 2021, respectively, and $23,154 and $51,594 during the three and six months ended July 31, 2020, respectively. Short-term lease costs and sublease income were not material during the three and six months ended July 31, 2021 and July 31, 2020.

The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of July 31, 2021:

	Operating
	Leases
Fiscal Year
2022 (excluding the six months ended July 31, 2021)	$	174,494
2023		266,195
2024		227,951
2025		193,491
2026		152,539
Thereafter		408,528
Total undiscounted future minimum lease payments		1,423,198
Less imputed interest		(149,648	)
Total discounted future minimum lease payments	$	1,273,550

As of July 31, 2021, the Company had commitments of approximately $3,007 not included in the amounts above related to two executed but not yet commenced leases.

In response to the COVID-19 pandemic and mandated store closures, the Company withheld certain minimum lease payments due to landlords. The amounts withheld at July 31, 2021 and 2020 were included in “Current portion of operating lease liabilities” in the Condensed Consolidated Balance Sheets.

During the six months ended July 31, 2021, the Company received rent concessions for a number of stores and continue to negotiate for additional rent concessions at various other store locations. To the extent the rent concessions do not result in a substantial increase in total payments in the existing lease, the Company has accounted for such rent concessions as negative variable rent. To the extent the rent concessions do result in a substantial increase in total payments in the existing lease, the Company has accounted for such rent concessions as a lease modification. Rent concessions recorded by the Company in fiscal 2022 and 2021 as either negative variable rent or lease modifications have not had a material impact on the Company’s Condensed Consolidated Financial Statements.

Share-Based Compensation

6 Months Ended

Jul. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation

8. Share-Based Compensation

The Company maintains stock incentive plans pursuant to which it can grant restricted shares, unrestricted shares, incentive stock options, non-qualified stock options, restricted stock units (“RSU’s”), performance stock units (“PSU’s”) or stock appreciation rights (“SAR’s”). A Black-Scholes model was used to estimate the fair value of stock options. The fair value of PSU’s and RSU’s is equal to the stock price on the date of the grant. Share-based compensation expense included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations, for the three and six months ended July 31, 2021 and 2020, was as follows:

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2021		2020		2021		2020
Stock Options	$	—	$	129	$	—	$	471
Performance Stock Units		1,527		894		1,926		1,044
Restricted Stock Units		5,871		5,362		10,042		9,742
Total	$	7,398	$	6,385	$	11,968	$	11,257

Share-based awards granted and the weighted-average fair value of such awards for the six months ended July 31, 2021 was as follows:

	Six Months Ended
	July 31, 2021
			Weighted-
	Awards		Average Fair
	Granted		Value
Stock Options		—	$	—
Performance Stock Units		213,750	$	38.15
Restricted Stock Units		1,010,250	$	37.58
Total		1,224,000

During the six months ended July 31, 2021, 100,000 stock options were exercised, 70,001 PSU’s vested and 593,635 RSU’s vested.

The total unrecognized compensation cost related to outstanding share-based awards and the weighted-average period in which the cost is expected to be recognized as of July 31, 2021 was as follows:

	July 31, 2021
	Unrecognized		Weighted-
	Compensation		Average
	Cost		Years
Stock Options	$	—		—
Performance Stock Units		8,812		2.5
Restricted Stock Units		45,839		2.3
Total	$	54,651

Shareholders' Equity

6 Months Ended

Jul. 31, 2021

Equity [Abstract]

Shareholders' Equity

9. Shareholders’ Equity

Share repurchase activity under the Company’s share repurchase programs was as follows:

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2021		2020		2021		2020
Number of common shares repurchased and subsequently retired		—		—		—		482,003
Total cost	$	—	$	—	$	—	$	7,036
Average cost per share, including commissions	$	—	$	—	$	—	$	14.60

The shares repurchased during the six months ended July 31, 2020, were prior to the known spread of the COVID-19 pandemic in the United States, which forced the Company to close its stores for an extended period of time. The Company temporarily suspended all share repurchase activity under the programs during fiscal 2021.

On August 22, 2017, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program. On June 4, 2019, the Company’s Board of Directors authorized the repurchase of an additional 20,000,000 common shares under a share repurchase program. As of July 31, 2021, 25,851,954 common shares were remaining under the programs.

During the six months ended July 31, 2021, the Company acquired and subsequently retired 222,531 common shares at a total cost of $7,562 from employees to meet minimum statutory tax withholding requirements. During the six months ended July 31, 2020, the Company acquired and subsequently retired 155,734 common shares at a total cost of $3,742 from employees to meet minimum statutory tax withholding requirements.

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

6 Months Ended

Jul. 31, 2021

Equity [Abstract]

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

10. Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

The following tables present the changes in “Accumulated other comprehensive loss,” by component, net of tax, for the three and six months ended July 31, 2021 and 2020:

	Three Months Ended July 31, 2021									Six Months Ended July 31, 2021
				Unrealized Gains									Unrealized Gains
	Foreign			and (Losses) on						Foreign			and (Losses) on
	Currency			Available-for-						Currency			Available-for-
	Translation			Sale Securities			Total			Translation			Sale Securities			Total
Balance at beginning of period	$	(11,528	)	$	(213	)	$	(11,741	)	$	(16,950	)	$	(170	)	$	(17,120	)
Other comprehensive income (loss) before reclassifications		(1,394	)		43			(1,351	)		4,028			—			4,028
Amounts reclassified from accumulated other comprehensive income (loss)		—			4			4			—			4			4
Net current-period other comprehensive income (loss)		(1,394	)		47			(1,347	)		4,028			4			4,032
Balance at end of period	$	(12,922	)	$	(166	)	$	(13,088	)	$	(12,922	)	$	(166	)	$	(13,088	)

	Three Months Ended July 31, 2020									Six Months Ended July 31, 2020
				Unrealized Gains									Unrealized Gains
	Foreign			and (Losses) on						Foreign			and (Losses) on
	Currency			Available-for-						Currency			Available-for-
	Translation			Sale Securities			Total			Translation			Sale Securities			Total
Balance at beginning of period	$	(40,945	)	$	20		$	(40,925	)	$	(28,328	)	$	324		$	(28,004	)
Other comprehensive income (loss) before reclassifications		11,765			(77	)		11,688			(852	)		73			(779	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			34			34			—			(420	)		(420	)
Net current-period other comprehensive income (loss)		11,765			(43	)		11,722			(852	)		(347	)		(1,199	)
Balance at end of period	$	(29,180	)	$	(23	)	$	(29,203	)	$	(29,180	)	$	(23	)	$	(29,203	)

All unrealized gains and losses on available-for-sale securities reclassified from accumulated other comprehensive loss were recorded in “Other loss, net” in the Condensed Consolidated Statements of Operations.

Net Income (Loss) per Common Share

6 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Net Income (Loss) per Common Share

11. Net Income (Loss) per Common Share

The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income (loss) per common share:

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2021		2020		2021		2020
Basic weighted-average common shares outstanding		98,315,441		97,778,749		98,213,555		97,843,796
Effect of dilutive options, stock appreciation rights, performance stock units and restricted stock units		1,285,851		326,169		1,249,913		—
Diluted weighted-average shares outstanding		99,601,292		98,104,918		99,463,468		97,843,796

For the three months ended July 31, 2021 and 2020, awards to purchase 160,000 common shares ranging in price from $38.09 to $46.42 and 560,000 common shares ranging in price from $18.81 to $46.42, respectively, were excluded from the calculation of diluted net income per common share because the impact would be anti-dilutive.

For the six months ended July 31, 2021, awards to purchase 180,000 common shares ranging in price from $35.85 to $46.42 were excluded from the calculation of diluted net income per common share because the impact would be anti-dilutive. As a result of the net loss for the six months ended July 31, 2020, all share-based awards were excluded from the calculation of diluted loss per share and therefore there was no difference in the weighted average number of common shares for basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive.

Excluded from the calculation of diluted net income per common share as of July 31, 2021 and July 31, 2020, were 30,001 and 706,794 performance-based equity awards, respectively, because they did not meet the required performance criteria.

Commitments and Contingencies

6 Months Ended

Jul. 31, 2021

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

12. Commitments and Contingencies

The Company is party to various legal proceedings arising from normal business activities. Management believes that the ultimate resolution of these matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Segment Reporting

6 Months Ended

Jul. 31, 2021

Segment Reporting [Abstract]

Segment Reporting

13. Segment Reporting

The Company offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands. The Company operates three reportable segments – “Retail,” “Wholesale” and “Subscription.”

The Company’s Retail segment consists of the Anthropologie, Bhldn, Free People, FP Movement, Terrain, Urban Outfitters and Menus & Venues brands. The Company has aggregated its brands into the Retail segment based upon their shared management, customer base and economic characteristics. Reporting in this format provides management with the financial information necessary to evaluate the success of the segments and the overall business. The Company’s Retail segment omni-channel strategy enhances its customers’ brand experience by providing a seamless approach to the customer shopping experience. All available Company-owned Retail segment shopping channels are fully integrated, including retail locations, websites, mobile applications, catalogs and customer contact centers.

The Company’s Wholesale segment consists of the Free People, FP Movement and Urban Outfitters brands. The Wholesale segment sells through department and specialty stores worldwide, digital businesses and the Retail segment.

The Subscription segment consists of the “Nuuly” brand, which is a monthly women’s apparel subscription rental service that launched on July 30, 2019.

The Company evaluates the performance of each segment based on the net sales and pre-tax income from operations (excluding intercompany charges) of the segment. The Company accounts for intersegment sales and transfers as if the sales and transfers were made to third parties making similar volume purchases. Corporate expenses include expenses incurred and directed by the corporate office that are not allocated to segments. The principal identifiable assets for the Retail and Wholesale segments are inventory and property and equipment. The principal identifiable assets for the Subscription segment are rental product and property and equipment.

The accounting policies of the reportable segments are the same as the policies described in Note 2, “Summary of Significant Accounting Policies,” in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021. All of the Company’s segments are highly diversified. No one customer constitutes more than 10% of the Company’s total consolidated net sales. A summary of the information about the Company’s operations by segment is as follows:

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2021			2020			2021			2020
Net sales
Retail operations	$	1,089,022		$	757,471		$	1,946,508		$	1,318,703
Wholesale operations		61,985			49,877			128,563			75,589
Subscription operations		9,939			4,672			17,759			10,942
Intersegment elimination		(3,221	)		(8,754	)		(7,690	)		(13,485	)
Total net sales	$	1,157,725		$	803,266		$	2,085,140		$	1,391,749
Income (loss) from operations
Retail operations	$	176,829		$	58,405		$	250,874		$	(77,096	)
Wholesale operations		9,099			14,161			23,279			(31,467	)
Subscription operations		(3,618	)		(4,611	)		(6,900	)		(10,575	)
Intersegment elimination		264			(84	)		345			(494	)
Total segment operating income (loss)		182,574			67,871			267,598			(119,632	)
General corporate expenses		(16,721	)		1,548			(28,242	)		(9,684	)
Total income (loss) from operations	$	165,853		$	69,419		$	239,356		$	(129,316	)

(1)

General corporate expenses during the three and six months ended July 31, 2020 benefitted from the recognition of COVID-19 related government relief packages in the three months ended July 31, 2020.

	July 31,		January 31,		July 31,
	2021		2021		2020
Inventory
Retail operations	$	438,144	$	348,797	$	321,885
Wholesale operations		45,004		40,821		29,886
Total inventory	$	483,148	$	389,618	$	351,771
Rental product, net ⁽¹⁾
Subscription operations	$	10,900	$	11,857	$	15,764
Total rental product, net	$	10,900	$	11,857	$	15,764

(1) Rental product, net is included in “Deferred income taxes and other assets” in the Condensed Consolidated Balance Sheets.

Property and equipment, net
Retail operations	$	1,016,644	$	938,020	$	859,188
Wholesale operations		1,762		2,096		2,375
Subscription operations		29,345		27,306		27,563
Total property and equipment, net	$	1,047,751	$	967,422	$	889,126

The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category:

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2021			2020			2021			2020
Net sales
Apparel ⁽¹⁾	$	777,912		$	507,930		$	1,385,714		$	878,277
Home ⁽²⁾		188,298			156,621			361,684			266,420
Accessories ⁽³⁾		135,620			89,751			237,274			159,944
Other ⁽⁴⁾		55,895			48,964			100,468			87,108
Total net sales	$	1,157,725		$	803,266		$	2,085,140		$	1,391,749

As a percentage of net sales
Apparel ⁽¹⁾		67	%		63	%		67	%		63	%
Home ⁽²⁾		16	%		19	%		17	%		19	%
Accessories ⁽³⁾		12	%		12	%		11	%		12	%
Other ⁽⁴⁾		5	%		6	%		5	%		6	%
Total net sales		100	%		100	%		100	%		100	%


(1) Apparel includes intimates and activewear
(2) Home includes home furnishings, electronics, gifts and decorative items
(3) Accessories includes footwear, jewelry and handbags
(4) Other includes beauty, shipping and handling, the Menus & Venues brand and the Subscription segment

Apparel, Home, and Accessories are sold through both the Retail and Wholesale segments. Revenue recognized from the Other category is primarily attributable to the Retail segment.

The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows:

	July 31,		January 31,		July 31,
	2021		2021		2020
Property and equipment, net
Domestic operations	$	844,912	$	768,440	$	722,934
Foreign operations		202,839		198,982		166,192
Total property and equipment, net	$	1,047,751	$	967,422	$	889,126

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2021		2020		2021		2020
Net Sales
Domestic operations	$	998,580	$	709,697	$	1,825,375	$	1,233,253
Foreign operations		159,145		93,569		259,765		158,496
Total net sales	$	1,157,725	$	803,266	$	2,085,140	$	1,391,749

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 32
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Marketable Securities (Tables)

6 Months Ended

Jul. 31, 2021

Investments Debt And Equity Securities [Abstract]

Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities

The amortized cost, gross unrealized gains (losses) and fair value of available-for-sale securities by major security type and class of security as of July 31, 2021, January 31, 2021 and July 31, 2020 were as follows:

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		(Losses)			Value
As of July 31, 2021
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	122,173	$	14	$	(87	)	$	122,100
Corporate bonds		28,808		2		(24	)		28,786
Commercial paper		6,096		—		—			6,096
		157,077		16		(111	)		156,982
Long-term Investments:
Municipal and pre-refunded municipal bonds		40,069		34		(56	)	$	40,047
Corporate bonds		61,646		4		(159	)		61,491
Mutual funds, held in rabbi trust		11,610		143		(42	)		11,711
		113,325		181		(257	)		113,249
	$	270,402	$	197	$	(368	)	$	270,231
As of January 31, 2021
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	127,097	$	11	$	(53	)	$	127,055
Corporate bonds		38,695		1		(48	)		38,648
Commercial paper		8,992		—		—			8,992
		174,784		12		(101	)		174,695
Long-term Investments:
Municipal and pre-refunded municipal bonds		53,134		17		(46	)		53,105
Corporate bonds		59,890		3		(129	)		59,764
Mutual funds, held in rabbi trust		10,827		20		(54	)		10,793
		123,851		40		(229	)		123,662
	$	298,635	$	52	$	(330	)	$	298,357

	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		(Losses)		Value
As of July 31, 2020
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	210	$	—	$	—	$	210
Corporate bonds		291		—		—		291
		501		—		—		501
Long-term Investments:
Municipal and pre-refunded municipal bonds		53		1		—		54
Corporate bonds		30		—		—		30
Mutual funds, held in rabbi trust		8,767		365		—		9,132
		8,850		366		—		9,216
	$	9,351	$	366	$	—	$	9,717

Fair Value (Tables)

6 Months Ended

Jul. 31, 2021

Fair Value Disclosures [Abstract]

Financial Assets Measured at Fair Value on Recurring Basis

The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below:

	Marketable Securities Fair Value as of
	July 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	—	$	162,147	$	—	$	162,147
Corporate bonds		—		90,277		—		90,277
Mutual funds, held in rabbi trust		11,711		—		—		11,711
Commercial paper		—		6,096		—		6,096
	$	11,711	$	258,520	$	—	$	270,231

	Marketable Securities Fair Value as of
	January 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	—	$	180,160	$	—	$	180,160
Corporate bonds		—		98,412		—		98,412
Mutual funds, held in rabbi trust		10,793		—		—		10,793
Commercial paper		—		8,992		—		8,992
	$	10,793	$	287,564	$	—	$	298,357

	Marketable Securities Fair Value as of
	July 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	264	$	—	$	—	$	264
Corporate bonds		321		—		—		321
Mutual funds, held in rabbi trust		9,132		—		—		9,132
		9,717		—		—		9,717

Leases (Tables)

6 Months Ended

Jul. 31, 2021

Leases [Abstract]

Schedule by Year of Maturities of Operating Leases Liabilities with Original Terms in Excess of One Year

The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of July 31, 2021:

	Operating
	Leases
Fiscal Year
2022 (excluding the six months ended July 31, 2021)	$	174,494
2023		266,195
2024		227,951
2025		193,491
2026		152,539
Thereafter		408,528
Total undiscounted future minimum lease payments		1,423,198
Less imputed interest		(149,648	)
Total discounted future minimum lease payments	$	1,273,550

Share-Based Compensation (Tables)

6 Months Ended

Jul. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income

Share-based compensation expense included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations, for the three and six months ended July 31, 2021 and 2020, was as follows:

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2021		2020		2021		2020
Stock Options	$	—	$	129	$	—	$	471
Performance Stock Units		1,527		894		1,926		1,044
Restricted Stock Units		5,871		5,362		10,042		9,742
Total	$	7,398	$	6,385	$	11,968	$	11,257

Schedule of Share Based Awards Issued and Weighted Average Fair Value

Share-based awards granted and the weighted-average fair value of such awards for the six months ended July 31, 2021 was as follows:

	Six Months Ended
	July 31, 2021
			Weighted-
	Awards		Average Fair
	Granted		Value
Stock Options		—	$	—
Performance Stock Units		213,750	$	38.15
Restricted Stock Units		1,010,250	$	37.58
Total		1,224,000

Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition

The total unrecognized compensation cost related to outstanding share-based awards and the weighted-average period in which the cost is expected to be recognized as of July 31, 2021 was as follows:

	July 31, 2021
	Unrecognized		Weighted-
	Compensation		Average
	Cost		Years
Stock Options	$	—		—
Performance Stock Units		8,812		2.5
Restricted Stock Units		45,839		2.3
Total	$	54,651

Shareholders' Equity (Tables)

6 Months Ended

Jul. 31, 2021

Equity [Abstract]

Share Repurchase Activity

Share repurchase activity under the Company’s share repurchase programs was as follows:

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2021		2020		2021		2020
Number of common shares repurchased and subsequently retired		—		—		—		482,003
Total cost	$	—	$	—	$	—	$	7,036
Average cost per share, including commissions	$	—	$	—	$	—	$	14.60

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jul. 31, 2021

Equity [Abstract]

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax

The following tables present the changes in “Accumulated other comprehensive loss,” by component, net of tax, for the three and six months ended July 31, 2021 and 2020:

	Three Months Ended July 31, 2021									Six Months Ended July 31, 2021
				Unrealized Gains									Unrealized Gains
	Foreign			and (Losses) on						Foreign			and (Losses) on
	Currency			Available-for-						Currency			Available-for-
	Translation			Sale Securities			Total			Translation			Sale Securities			Total
Balance at beginning of period	$	(11,528	)	$	(213	)	$	(11,741	)	$	(16,950	)	$	(170	)	$	(17,120	)
Other comprehensive income (loss) before reclassifications		(1,394	)		43			(1,351	)		4,028			—			4,028
Amounts reclassified from accumulated other comprehensive income (loss)		—			4			4			—			4			4
Net current-period other comprehensive income (loss)		(1,394	)		47			(1,347	)		4,028			4			4,032
Balance at end of period	$	(12,922	)	$	(166	)	$	(13,088	)	$	(12,922	)	$	(166	)	$	(13,088	)

	Three Months Ended July 31, 2020									Six Months Ended July 31, 2020
				Unrealized Gains									Unrealized Gains
	Foreign			and (Losses) on						Foreign			and (Losses) on
	Currency			Available-for-						Currency			Available-for-
	Translation			Sale Securities			Total			Translation			Sale Securities			Total
Balance at beginning of period	$	(40,945	)	$	20		$	(40,925	)	$	(28,328	)	$	324		$	(28,004	)
Other comprehensive income (loss) before reclassifications		11,765			(77	)		11,688			(852	)		73			(779	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			34			34			—			(420	)		(420	)
Net current-period other comprehensive income (loss)		11,765			(43	)		11,722			(852	)		(347	)		(1,199	)
Balance at end of period	$	(29,180	)	$	(23	)	$	(29,203	)	$	(29,180	)	$	(23	)	$	(29,203	)

Net Income (Loss) per Common Share (Tables)

6 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Reconciliation of Weighted Average Common Shares Outstanding Used for Computation of Basic and Diluted Net (Loss) Income per Common Share

The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income (loss) per common share:

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2021		2020		2021		2020
Basic weighted-average common shares outstanding		98,315,441		97,778,749		98,213,555		97,843,796
Effect of dilutive options, stock appreciation rights, performance stock units and restricted stock units		1,285,851		326,169		1,249,913		—
Diluted weighted-average shares outstanding		99,601,292		98,104,918		99,463,468		97,843,796

Segment Reporting (Tables)

6 Months Ended

Jul. 31, 2021

Segment Reporting [Abstract]

Schedule of Operations by Segment

A summary of the information about the Company’s operations by segment is as follows:

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2021			2020			2021			2020
Net sales
Retail operations	$	1,089,022		$	757,471		$	1,946,508		$	1,318,703
Wholesale operations		61,985			49,877			128,563			75,589
Subscription operations		9,939			4,672			17,759			10,942
Intersegment elimination		(3,221	)		(8,754	)		(7,690	)		(13,485	)
Total net sales	$	1,157,725		$	803,266		$	2,085,140		$	1,391,749
Income (loss) from operations
Retail operations	$	176,829		$	58,405		$	250,874		$	(77,096	)
Wholesale operations		9,099			14,161			23,279			(31,467	)
Subscription operations		(3,618	)		(4,611	)		(6,900	)		(10,575	)
Intersegment elimination		264			(84	)		345			(494	)
Total segment operating income (loss)		182,574			67,871			267,598			(119,632	)
General corporate expenses		(16,721	)		1,548			(28,242	)		(9,684	)
Total income (loss) from operations	$	165,853		$	69,419		$	239,356		$	(129,316	)

(1)

General corporate expenses during the three and six months ended July 31, 2020 benefitted from the recognition of COVID-19 related government relief packages in the three months ended July 31, 2020.

	July 31,		January 31,		July 31,
	2021		2021		2020
Inventory
Retail operations	$	438,144	$	348,797	$	321,885
Wholesale operations		45,004		40,821		29,886
Total inventory	$	483,148	$	389,618	$	351,771
Rental product, net ⁽¹⁾
Subscription operations	$	10,900	$	11,857	$	15,764
Total rental product, net	$	10,900	$	11,857	$	15,764

(1) Rental product, net is included in “Deferred income taxes and other assets” in the Condensed Consolidated Balance Sheets.

Property and equipment, net
Retail operations	$	1,016,644	$	938,020	$	859,188
Wholesale operations		1,762		2,096		2,375
Subscription operations		29,345		27,306		27,563
Total property and equipment, net	$	1,047,751	$	967,422	$	889,126

Schedule of Net Sales and Percentage of Net Sales by Merchandise Category

The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category:

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2021			2020			2021			2020
Net sales
Apparel ⁽¹⁾	$	777,912		$	507,930		$	1,385,714		$	878,277
Home ⁽²⁾		188,298			156,621			361,684			266,420
Accessories ⁽³⁾		135,620			89,751			237,274			159,944
Other ⁽⁴⁾		55,895			48,964			100,468			87,108
Total net sales	$	1,157,725		$	803,266		$	2,085,140		$	1,391,749

As a percentage of net sales
Apparel ⁽¹⁾		67	%		63	%		67	%		63	%
Home ⁽²⁾		16	%		19	%		17	%		19	%
Accessories ⁽³⁾		12	%		12	%		11	%		12	%
Other ⁽⁴⁾		5	%		6	%		5	%		6	%
Total net sales		100	%		100	%		100	%		100	%


(1) Apparel includes intimates and activewear
(2) Home includes home furnishings, electronics, gifts and decorative items
(3) Accessories includes footwear, jewelry and handbags
(4) Other includes beauty, shipping and handling, the Menus & Venues brand and the Subscription segment

Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment

The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows:

	July 31,		January 31,		July 31,
	2021		2021		2020
Property and equipment, net
Domestic operations	$	844,912	$	768,440	$	722,934
Foreign operations		202,839		198,982		166,192
Total property and equipment, net	$	1,047,751	$	967,422	$	889,126

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2021		2020		2021		2020
Net Sales
Domestic operations	$	998,580	$	709,697	$	1,825,375	$	1,233,253
Foreign operations		159,145		93,569		259,765		158,496
Total net sales	$	1,157,725	$	803,266	$	2,085,140	$	1,391,749

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Revenue From Contract With Customer [Abstract]
Contract receivables, net of allowance for doubtful accounts	$ 60,441	$ 94,402	$ 60,441	$ 89,952	$ 88,288
Increase in allowance for doubtful accounts	2,200		3,600
Gift cards expected redemption period		2 years
Contract liabilities	$ 47,709	$ 63,375	47,709	$ 61,986	$ 52,926
Revenue recognized included in contract liability		$ 21,325	$ 18,781

Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 270,402	$ 298,635	$ 9,351
Unrealized Gains	197	52	366
Unrealized (Losses)	(368)	(330)
Fair Value	270,231	298,357	9,717
Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	157,077	174,784	501
Unrealized Gains	16	12
Unrealized (Losses)	(111)	(101)
Fair Value	156,982	174,695	501
Short-term Investments \| Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	28,808	38,695	291
Unrealized Gains	2	1
Unrealized (Losses)	(24)	(48)
Fair Value	28,786	38,648	291
Short-term Investments \| Municipal And Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	122,173	127,097	210
Unrealized Gains	14	11
Unrealized (Losses)	(87)	(53)
Fair Value	122,100	127,055	210
Short-term Investments \| Commercial Paper
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	6,096	8,992
Fair Value	6,096	8,992
Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	113,325	123,851	8,850
Unrealized Gains	181	40	366
Unrealized (Losses)	(257)	(229)
Fair Value	113,249	123,662	9,216
Long-term Investments \| Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	61,646	59,890	30
Unrealized Gains	4	3
Unrealized (Losses)	(159)	(129)
Fair Value	61,491	59,764	30
Long-term Investments \| Municipal And Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	40,069	53,134	53
Unrealized Gains	34	17	1
Unrealized (Losses)	(56)	(46)
Fair Value	40,047	53,105	54
Long-term Investments \| Mutual Funds, Held in Rabbi Trust
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,610	10,827	8,767
Unrealized Gains	143	20	365
Unrealized (Losses)	(42)	(54)
Fair Value	$ 11,711	$ 10,793	$ 9,132

Marketable Securities - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Sales and maturities of marketable securities			$ 148,582	$ 383,056
Amortization of discounts and premiums, net	$ 1,398	$ 208	2,736	617
Other (Loss) Income, Net
Schedule of Available-for-sale Securities [Line Items]
Net realized gain (loss)	$ 4	$ 34	$ 4	$ (420)

Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 270,231	$ 298,357	$ 9,717
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	270,231	298,357	9,717
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	11,711	10,793	9,717
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	258,520	287,564
Fair Value, Measurements, Recurring \| Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	90,277	98,412	321
Fair Value, Measurements, Recurring \| Corporate Bonds \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis			321
Fair Value, Measurements, Recurring \| Corporate Bonds \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	90,277	98,412
Fair Value, Measurements, Recurring \| Municipal And Pre-Refunded Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	162,147	180,160	264
Fair Value, Measurements, Recurring \| Municipal And Pre-Refunded Municipal Bonds \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis			264
Fair Value, Measurements, Recurring \| Municipal And Pre-Refunded Municipal Bonds \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	162,147	180,160
Fair Value, Measurements, Recurring \| Mutual Funds, Held in Rabbi Trust
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	11,711	10,793	9,132
Fair Value, Measurements, Recurring \| Mutual Funds, Held in Rabbi Trust \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	11,711	10,793	$ 9,132
Fair Value, Measurements, Recurring \| Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	6,096	8,992
Fair Value, Measurements, Recurring \| Commercial Paper \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 6,096	$ 8,992

Fair Value - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended
Fair Value - Additional Information (Detail) $ in Thousands	Jul. 31, 2020 USD ($)	Jul. 31, 2020 USD ($) Location	Jul. 31, 2021 USD ($)	Jan. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of retail locations \| Location		39
Impairment charges	$ 0	$ 14,528
Right-of-use assets, Carrying value	1,134,678	1,134,678	$ 1,068,919	$ 1,114,762
COVID-19
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Right-of-use assets, Carrying value	$ 96,523	$ 96,523

Debt - Additional Information (Detail) - USD ($)		3 Months Ended			6 Months Ended
Debt - Additional Information (Detail) - USD ($)	Jun. 29, 2018	Oct. 31, 2020	Jul. 31, 2020	Apr. 30, 2020	Jul. 31, 2021	Jul. 31, 2020
Line of Credit Facility [Line Items]
Line of credit outstanding					$ 0
Borrowing under debt				$ 220,000,000		$ 220,000,000
Repayments of debt		$ 120,000,000	$ 100,000,000			100,000,000
Stand-by letters of credit
Line of Credit Facility [Line Items]
Letter of credit outstanding					13,501,000
JPMorgan Chase Bank N. A. \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit agreement initiation date	Jun. 29, 2018
Credit facility maturity date	2023-06
Credit facility maximum borrowing capacity	$ 350,000,000
Additional line of credit facility	$ 150,000,000
Commitment fee percentage	0.20%
Interest expense					$ 520,000	$ 1,976,000
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted LIBOR, CDOR or EURIBOR \| Minimum
Line of Credit Facility [Line Items]
Applicable margin	1.125%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted LIBOR, CDOR or EURIBOR \| Maximum
Line of Credit Facility [Line Items]
Applicable margin	1.375%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted ABR \| Minimum
Line of Credit Facility [Line Items]
Applicable margin	0.125%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted ABR \| Maximum
Line of Credit Facility [Line Items]
Applicable margin	0.375%

Leases - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Additional Information (Detail) $ in Thousands	Jul. 31, 2021 USD ($)	Jul. 31, 2020 USD ($)	Jul. 31, 2021 USD ($) Store	Jul. 31, 2020 USD ($)
Leases [Abstract]
Operating lease costs	$ 67,794	$ 69,183	$ 136,502	$ 137,193
Variable lease cost	28,179	$ 23,154	48,681	$ 51,594
Lease commitments for executed but not yet commenced leases	$ 3,007		$ 3,007
Number of lease commitment not yet commenced \| Store			2

Schedule by Year of Maturities of Operating Leases Liabilities with Original Terms in Excess of One Year (Detail) $ in Thousands	Jul. 31, 2021 USD ($)
Leases [Abstract]
2022 (excluding the six months ended July 31, 2021)	$ 174,494
2023	266,195
2024	227,951
2025	193,491
2026	152,539
Thereafter	408,528
Total undiscounted future minimum lease payments	1,423,198
Less imputed interest	(149,648)
Total discounted future minimum lease payments	$ 1,273,550

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 7,398	$ 6,385	$ 11,968	$ 11,257
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		129		471
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1,527	894	1,926	1,044
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 5,871	$ 5,362	$ 10,042	$ 9,742

Schedule of Share Based Awards Issued and Weighted Average Fair Value (Detail)	6 Months Ended
	Jul. 31, 2021 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	1,224,000
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	213,750
Weighted Average Fair Value \| $ / shares	$ 38.15
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	1,010,250
Weighted Average Fair Value \| $ / shares	$ 37.58

Share-Based Compensation - Additional Information (Detail)	6 Months Ended
	Jul. 31, 2021 shares
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units vested	70,001
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised	100,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units vested	593,635

Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition (Detail) $ in Thousands	6 Months Ended
	Jul. 31, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 54,651
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 8,812
Weighted Average Years	2 years 6 months
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 45,839
Weighted Average Years	2 years 3 months 18 days

Share Repurchase Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Equity, Class of Treasury Stock [Line Items]
Total cost	$ 144	$ 22	$ 7,562	$ 10,778
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Number of common shares repurchased and subsequently retired				482,003
Total cost				$ 7,036
Average cost per share, including commissions				$ 14.60

Shareholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jun. 04, 2019	Aug. 22, 2017
Equity, Class of Treasury Stock [Line Items]
Common shares authorized for repurchase, shares					20,000,000	20,000,000
Remaining common shares authorized for repurchase, shares	25,851,954		25,851,954
Stock repurchased and retired during period, total cost	$ 144	$ 22	$ 7,562	$ 10,778
Employee Stock
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period shares			222,531	155,734
Stock repurchased and retired during period, total cost			$ 7,562	$ 3,742

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	$ 1,534,509	$ 1,298,108	$ 1,477,358	$ 1,455,355
Other comprehensive income (loss) before reclassifications	(1,351)	11,688	4,028	(779)
Amounts reclassified from accumulated other comprehensive income (loss)	4	34	4	(420)
Total other comprehensive income (loss)	(1,347)	11,722	4,032	(1,199)
Ending Balance	1,669,420	1,350,593	1,669,420	1,350,593
Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(11,528)	(40,945)	(16,950)	(28,328)
Other comprehensive income (loss) before reclassifications	(1,394)	11,765	4,028	(852)
Total other comprehensive income (loss)	(1,394)	11,765	4,028	(852)
Ending Balance	(12,922)	(29,180)	(12,922)	(29,180)
Unrealized Gains and (Losses) on available- for-Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(213)	20	(170)	324
Other comprehensive income (loss) before reclassifications	43	(77)		73
Amounts reclassified from accumulated other comprehensive income (loss)	4	34	4	(420)
Total other comprehensive income (loss)	47	(43)	4	(347)
Ending Balance	(166)	(23)	(166)	(23)
Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(11,741)	(40,925)	(17,120)	(28,004)
Ending Balance	$ (13,088)	$ (29,203)	$ (13,088)	$ (29,203)

- Definition

+ References + Details

Reconciliation of Weighted Average Common Shares Outstanding Used for Computation of Basic and Diluted Net (Loss) Income per Common Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	98,315,441	97,778,749	98,213,555	97,843,796
Effect of dilutive options, stock appreciation rights, performance stock units and restricted stock units	1,285,851	326,169	1,249,913
Diluted weighted-average shares outstanding	99,601,292	98,104,918	99,463,468	97,843,796

Net Income per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	160,000	560,000	180,000
Anti-dilutive common shares exercise price, minimum	$ 38.09	$ 18.81	$ 35.85
Anti-dilutive common shares exercise price, maximum	$ 46.42	$ 46.42	$ 46.42
Performance Stock Units (PSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares			30,001	706,794

Segment Reporting - Additional Information (Detail)	6 Months Ended
Segment Reporting - Additional Information (Detail)	Jul. 31, 2021 Segment Customer
Segment Reporting [Abstract]
Number of reporting segments \| Segment	3
Number of major customers exceeding ten percentage thresholds \| Customer	0

Schedule of Operations by Segment (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 31, 2021

Jul. 31, 2020

Jul. 31, 2021

Jul. 31, 2020

Jan. 31, 2021

Segment Reporting Information [Line Items]

Total net sales

$ 1,157,725

$ 803,266

$ 2,085,140

$ 1,391,749

Total income from operations

165,853

69,419

239,356

(129,316)

General corporate expenses

(16,721)

1,548

(28,242)

(9,684)

Total inventory

483,148

351,771

483,148

351,771

$ 389,618

Total property and equipment, net

^[1]

10,900

15,764

10,900

15,764

11,857

Total property and equipment, net

1,047,751

889,126

1,047,751

889,126

967,422

Retail Operations

Segment Reporting Information [Line Items]

Total inventory

438,144

321,885

438,144

321,885

348,797

Total property and equipment, net

1,016,644

859,188

1,016,644

859,188

938,020

Wholesale Operations

Segment Reporting Information [Line Items]

Total inventory

45,004

29,886

45,004

29,886

40,821

Total property and equipment, net

1,762

2,375

1,762

2,375

2,096

Subscription Operations

Segment Reporting Information [Line Items]

Total net sales

9,939

4,672

17,759

10,942

Total property and equipment, net

^[1]

10,900

15,764

10,900

15,764

11,857

Total property and equipment, net

29,345

27,563

29,345

27,563

$ 27,306

Operating Segments

Segment Reporting Information [Line Items]

Total income from operations

182,574

67,871

267,598

(119,632)

Operating Segments | Retail Operations

Segment Reporting Information [Line Items]

Total net sales

1,089,022

757,471

1,946,508

1,318,703

Total income from operations

176,829

58,405

250,874

(77,096)

Operating Segments | Wholesale Operations

Segment Reporting Information [Line Items]

Total net sales

61,985

49,877

128,563

75,589

Total income from operations

9,099

14,161

23,279

(31,467)

Operating Segments | Subscription Operations

Segment Reporting Information [Line Items]

Total income from operations

(3,618)

(4,611)

(6,900)

(10,575)

Intersegment Elimination

Segment Reporting Information [Line Items]

Total net sales

(3,221)

(8,754)

(7,690)

(13,485)

Total income from operations

$ 264

$ (84)

$ 345

$ (494)

[1]	Rental product, net is included in “Deferred income taxes and other assets” in the Condensed Consolidated Balance Sheets.

Schedule of Net Sales and Percentage of Net Sales by Merchandise Category (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 31, 2021

Jul. 31, 2020

Jul. 31, 2021

Jul. 31, 2020

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

$ 1,157,725

$ 803,266

$ 2,085,140

$ 1,391,749

Total net sales, percentage

100.00%

Apparel

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[1]

$ 777,912

$ 507,930

$ 1,385,714

$ 878,277

Total net sales, percentage

^[1]

67.00%

63.00%

67.00%

63.00%

Home

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[2]

$ 188,298

$ 156,621

$ 361,684

$ 266,420

Total net sales, percentage

^[2]

16.00%

19.00%

17.00%

19.00%

Accessories

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[3]

$ 135,620

$ 89,751

$ 237,274

$ 159,944

Total net sales, percentage

^[3]

12.00%

11.00%

12.00%

Other

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[4]

$ 55,895

$ 48,964

$ 100,468

$ 87,108

Total net sales, percentage

^[4]

5.00%

6.00%

5.00%

6.00%

[1]	(1) Apparel includes intimates and activewear
[2]	(2) Home includes home furnishings, electronics, gifts and decorative items
[3]	(3) Accessories includes footwear, jewelry and handbags
[4]	(4) Other includes beauty, shipping and handling, the Menus & Venues brand and the Subscription segment

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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+ Details

Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021
Segment Reporting Information [Line Items]
Total property and equipment, net	$ 1,047,751	$ 889,126	$ 1,047,751	$ 889,126	$ 967,422
Total net sales	1,157,725	803,266	2,085,140	1,391,749
Domestic Operations
Segment Reporting Information [Line Items]
Total property and equipment, net	844,912	722,934	844,912	722,934	768,440
Total net sales	998,580	709,697	1,825,375	1,233,253
Foreign Operations
Segment Reporting Information [Line Items]
Total property and equipment, net	202,839	166,192	202,839	166,192	$ 198,982
Total net sales	$ 159,145	$ 93,569	$ 259,765	$ 158,496

- Definition

+ References

+ Details