0000950170-23-011597 | 10-K | XBRL Viewer

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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jan. 31, 2023	Mar. 27, 2023	Jul. 31, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jan. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Trading Symbol	URBN
Entity Registrant Name	URBAN OUTFITTERS, INC.
Entity Central Index Key	0000912615
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		92,586,524
Entity Public Float			$ 1,358,089,544
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Shares, par value $.0001 per share
Security Exchange Name	NASDAQ
Entity File Number	000-22754
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 Annual Report	true
Document Transition Report	false
Auditor Name	Deloitte & Touche LLP
Auditor Location	Philadelphia, Pennsylvania
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Certain information required by Items 10, 11, 12, 13 and 14 is incorporated by reference into Part III hereof from portions of the Proxy Statement for the registrant’s 2023 Annual Meeting of Shareholders.
Auditor Firm ID	34

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Current assets:
Cash and cash equivalents	$ 201,260	$ 206,575
Marketable securities	181,378	239,420
Accounts receivable, net of allowance for doubtful accounts of $1,496 and $1,348, respectively	70,339	63,760
Inventory	587,510	569,699
Prepaid expenses and other current assets	197,232	206,293
Total current assets	1,237,719	1,285,747
Property and equipment, net	1,187,735	1,145,085
Operating lease right-of-use assets	959,436	1,000,255
Marketable securities	102,844	223,557
Deferred income taxes and other assets	195,178	136,703
Total Assets	3,682,912	3,791,347
Current liabilities:
Accounts payable	257,620	304,246
Current portion of operating lease liabilities	232,672	236,315
Accrued compensation and benefits	77,505	89,914
Accrued expenses and other current liabilities	322,577	350,998
Total current liabilities	890,374	981,473
Non-current portion of operating lease liabilities	884,696	951,080
Deferred rent and other liabilities	115,159	113,054
Total Liabilities	1,890,229	2,045,607
Commitments and contingencies (see Note 15)
Shareholders’ equity:
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued	0	0
Common shares; $.0001 par value, 200,000,000 shares authorized, 92,180,709 and 96,431,044 shares issued and outstanding, respectively	9	10
Additional paid-in-capital	15,248
Retained earnings	1,826,061	1,770,560
Accumulated other comprehensive loss	(48,635)	(24,830)
Total Shareholders’ Equity	1,792,683	1,745,740
Total Liabilities and Shareholders’ Equity	$ 3,682,912	$ 3,791,347

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,496	$ 1,348
Prefeered stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred shares, shares issued	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common shares, shares issued	92,180,709	96,431,044
Common shares, shares outstanding	92,180,709	96,431,044

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Income Statement [Abstract]
Net sales	$ 4,795,244	$ 4,548,763	$ 3,449,749
Cost of sales (excluding store impairment)	3,361,611	3,054,813	2,572,347
Store impairment	6,417	0	15,496
Gross profit	1,427,216	1,493,950	861,906
Selling, general and administrative expenses	1,200,593	1,085,384	857,934
Income from operations	226,623	408,566	3,972
Interest income	2,041	2,343	3,119
Interest expense	(1,315)	(1,104)	(3,405)
Other expense	(6,070)	(5,174)	(173)
Income before income taxes	221,279	404,631	3,513
Income tax expense	61,580	94,015	2,277
Net income	$ 159,699	$ 310,616	$ 1,236
Net income per common share:
Basic	$ 1.71	$ 3.17	$ 0.01
Diluted	$ 1.70	$ 3.13	$ 0.01
Weighted-average common shares outstanding:
Basic	93,199,874	98,022,583	97,817,651
Diluted	94,144,062	99,268,705	98,522,776

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 159,699	$ 310,616	$ 1,236
Other comprehensive (loss) income:
Foreign currency translation	(20,620)	(5,254)	11,378
Change in unrealized (losses) gains on marketable securities, net of tax	(3,185)	(2,456)	(494)
Total other comprehensive (loss) income	(23,805)	(7,710)	10,884
Comprehensive income	$ 135,894	$ 302,906	$ 12,120

- 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

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Shares	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	12,120			1,236	10,884
Share-based compensation	20,300		20,300
Share-based awards	495		495
Share-based awards (in shares)		482,508
Share repurchases	(10,912)		(10,912)
Share repurchases (in shares)		(643,338)
Ending Balance at Jan. 31, 2021	1,477,358	$ 10	19,360	1,475,108	(17,120)
Ending Balances (in shares) at Jan. 31, 2021		97,815,985
Comprehensive income	302,906			310,616	(7,710)
Share-based compensation	25,741		25,741
Share-based awards	3,290		3,290
Share-based awards (in shares)		803,300
Share repurchases	(63,555)		(48,391)	(15,164)
Share repurchases (in shares)		(2,188,241)
Ending Balance at Jan. 31, 2022	$ 1,745,740	$ 10		1,770,560	(24,830)
Ending Balances (in shares) at Jan. 31, 2022	96,431,044	96,431,044
Comprehensive income	$ 135,894			159,699	(23,805)
Share-based compensation	29,449		29,449
Share-based awards	376		376
Share-based awards (in shares)		734,882
Share repurchases	(118,776)	$ (1)	(14,577)	(104,198)
Share repurchases (in shares)		(4,985,217)
Ending Balance at Jan. 31, 2023	$ 1,792,683	$ 9	$ 15,248	$ 1,826,061	$ (48,635)
Ending Balances (in shares) at Jan. 31, 2023	92,180,709	92,180,709

- 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.

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+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Cash flows from operating activities:
Net income	$ 159,699	$ 310,616	$ 1,236
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	102,339	105,672	103,771
Non-cash lease expense	193,863	193,032	197,088
(Benefit) provision for deferred income taxes	(2,577)	(2,695)	(14,270)
Share-based compensation expense	29,449	25,741	20,300
Store impairment	6,417	0	15,496
Loss on disposition of property and equipment, net	982	1	779
Changes in assets and liabilities:
Receivables	(7,103)	26,029	(1,223)
Inventory	(22,286)	(181,898)	22,381
Prepaid expenses and other assets	(31,257)	(10,209)	(25,239)
Payables, accrued expenses and other liabilities	(49,593)	124,840	152,905
Operating lease liabilities	(237,204)	(231,810)	(187,410)
Net cash provided by operating activities	142,729	359,319	285,814
Cash flows from investing activities:
Cash paid for property and equipment	(199,513)	(262,429)	(159,242)
Cash paid for marketable securities	(109,148)	(505,936)	(338,918)
Sales and maturities of marketable securities	276,650	280,701	396,260
Net cash used in investing activities	(32,011)	(487,664)	(101,900)
Cash flows from financing activities:
Borrowings under debt			220,000
Repayments of debt			(220,000)
Proceeds from the exercise of share-based awards	376	3,290	495
Share repurchases related to share repurchase program	(112,016)	(55,765)	(7,036)
Share repurchases related to taxes for share-based awards	(6,760)	(7,790)	(3,876)
Net cash used in financing activities	(118,400)	(60,265)	(10,417)
Effect of exchange rate changes on cash and cash equivalents	2,367	(450)	299
(Decrease) increase in cash and cash equivalents	(5,315)	(189,060)	173,796
Cash and cash equivalents at beginning of period	206,575	395,635	221,839
Cash and cash equivalents at end of period	201,260	206,575	395,635
Cash paid during the year for:
Income taxes	50,759	111,632	25,572
Non-cash investing activities—Accrued capital expenditures	$ 17,075	$ 57,255	$ 36,926

Nature of Business

12 Months Ended

Jan. 31, 2023

Accounting Policies [Abstract]

Nature of Business

1. Nature of Business

Urban Outfitters, Inc. (the “Company” or “Urban Outfitters”), which was founded in 1970, was incorporated in the Commonwealth of Pennsylvania in 1976. The principal business activity of the Company is the operation of a general consumer product retail, wholesale, subscription and resale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. As of January 31, 2023 and 2022, the Company operated 700 and 682 stores, respectively. Stores located in the United States totaled 575 as of January 31, 2023 and 562 as of January 31, 2022. Operations in Europe and Canada included 94 stores and 31 stores as of January 31, 2023, respectively, and 86 stores and 34 stores as of January 31, 2022, respectively. In addition, the Company’s Wholesale segment sold and distributed apparel to department and specialty stores worldwide, digital businesses and to the Company’s Retail segment. The Company’s Nuuly segment consists of the Nuuly brand, which includes Nuuly Rent and Nuuly Thrift. Nuuly Rent is a monthly women’s apparel subscription rental service. Nuuly Thrift, which launched in October 2021, is a peer-to-peer resale marketplace where customers can buy and sell any brand of women’s, men’s, and kids’ apparel, shoes, and accessories.

Current Trends

Impact of the Coronavirus Pandemic on Fiscal 2021

In March 2020, the World Health Organization declared the novel strain of coronavirus ("COVID-19") a global pandemic. Consequently, the Company announced that it temporarily closed all stores, offices and showrooms globally, but began to reopen stores in late April 2020. The Company's distribution and fulfillment centers remained open to support the digital business and the Wholesale segment operations. 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.

In response to the COVID-19 pandemic, the Company took measures to protect its financial position and increase financial flexibility. During fiscal 2021, the Company recorded certain additional reserves, including inventory obsolescence reserves and an allowance for doubtful accounts for Wholesale segment customer accounts receivable and non-cash charges, primarily store impairment charges.

Impact of the Coronavirus Pandemic on Fiscal 2022

The COVID-19 pandemic continued to negatively impact the Company's store operations during fiscal 2022 with residual impacts on store traffic and store sales resulting from store closures, primarily in Europe and Canada, occupancy restrictions and reduced store hours globally. During the second quarter of fiscal 2022, all remaining COVID-19 government mandated store closures in Europe and Canada expired, although some capacity restrictions continued in certain European and Canadian stores. The COVID-19 pandemic and general unfavorable macroeconomic conditions also disrupted the Company's global supply chain in fiscal 2022, leading to COVID-19 related factory and port closures, continued port congestion and shipping delays, which resulted in inventory receipt delays and an increase in inbound transportation costs. The Company made a strategic decision to accelerate receipt of certain product categories earlier in the third and fourth quarters of fiscal 2022 in an attempt to minimize the impact of such disruptions on the ability to fulfill customer demand.

Impact of the Coronavirus Pandemic and Macroeconomic Uncertainties on Fiscal 2023 and Future Operations

The COVID-19 pandemic and its effects on the global economy continued to impact the Company's operations through fiscal 2023 and related government and private sector responsive actions could continue to affect its business operations. In the first half of fiscal 2023, the Company continued to experience global supply chain disruptions resulting in inventory receipt delays and, in response, the Company continued to further diversify its supply chain. Beginning in the third quarter of fiscal 2023, timing of supply chain deliveries started to improve. The Company expects that its operations will continue to be influenced by economic pressures such as inflation and labor shortages, resulting in higher employee wage expense and lower levels of discretionary spending by its customers, particularly customers of the Urban Outfitters brand. Additionally, fluctuations in foreign currency rates may continue to impact the Company's operating results. The Company cannot reasonably estimate the duration and severity of existing and future macroeconomic conditions or current global issues that may have a material effect on the Company's business and the global economy. As a result, current financial information may not be necessarily indicative of future operating results.

Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2023

Summary Of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Fiscal Year-End

The Company operates on a fiscal year ending January 31 of each year. All references to fiscal years of the Company refer to the fiscal years ended on January 31 in those years. For example, the Company’s fiscal 2023 ended on January 31, 2023.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of the Company and all of its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements, in conformity with accounting principles generally accepted in the United States (“GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, net sales and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents are defined as cash and short-term highly liquid investments with maturities of less than three months at the time of purchase. These short-term highly liquid investments are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. As of January 31, 2023 and 2022, 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.

Marketable Securities

All of the Company’s marketable securities as of January 31, 2023 and January 31, 2022 are classified as available-for-sale and are carried at fair value. Interest on these securities, as well as the amortization of discounts and premiums, is included in “Interest income” in the Consolidated Statements of Income. The Company records unrealized gains and losses on these securities (other than mutual funds held in the rabbi trust for the Urban Outfitters, Inc. Non-qualified Deferred Compensation Plan (See Note 4, “Marketable Securities”)) as a component of “Other comprehensive (loss) income” in the Consolidated Statements of Comprehensive Income and in “Accumulated other comprehensive loss” within “Shareholders’ equity” in the Consolidated Balance Sheets until realized, except when the Company considers declines in value to be other than temporary. Other than temporary impairment losses related to credit losses are considered to be realized losses. Mutual funds held in the rabbi trust have been accounted for under the fair value option, which results in all unrealized gains and losses being recorded in “Interest income” in the Consolidated Statements of Income. When available-for-sale securities are sold, the cost of the securities is specifically identified and is used to determine the realized gain or loss. Securities classified as current assets have maturity dates of less than or equal to one year from the balance sheet date. Securities classified as non-current assets have maturity dates greater than one year from the balance sheet date.

Accounts Receivable

Accounts receivable primarily consists of amounts due from the Company’s wholesale customers as well as credit card receivables outstanding with third-party credit card vendors. During the first quarter of fiscal 2021, the Company recorded an increase in allowance for doubtful accounts for Wholesale segment customer accounts receivables as a result of the significant disruption and uncertainty in the wholesale macro environment due to the COVID-19 pandemic, and during the remainder of fiscal 2021 and the first quarter of fiscal 2022, the Company reduced the allowance for doubtful accounts due to the collection of certain outstanding accounts receivables. The activity of the allowance for doubtful accounts for the years ended January 31, 2023, 2022 and 2021 was as follows:


	Balance at beginning of year		Additions		Deductions			Balance at end of year
Year ended January 31, 2023	$	1,348		4,071		(3,923	)	$	1,496
Year ended January 31, 2022	$	4,028		797		(3,477	)	$	1,348
Year ended January 31, 2021	$	880		9,534		(6,386	)	$	4,028

Inventory

Inventory, which consists primarily of general consumer merchandise held for sale, is valued at the lower of cost or net realizable value. Cost is determined on the first-in, first-out method and includes the cost of merchandise and import-related costs, including freight, import duties and taxes and agent commissions. A periodic review of inventory is performed in order to determine if inventory is properly stated at the lower of cost or net realizable value. Factors the Company considers in its review, such as future expected consumer demand and fashion trends, current aging, current and anticipated retail markdowns or wholesale discounts and class or type of inventory, are analyzed to determine estimated net realizable value. Criteria that the Company considers in its review of aging trends include average selling cycle and seasonality of merchandise, the historical rate at which merchandise has sold below cost during the

prior 12 months and the value and nature of merchandise currently held in inventory and priced below original cost. A provision is recorded to reduce the cost of inventory to its estimated net realizable value, if appropriate. The Company assessed the value of its inventory in the Retail and Wholesale segments due to the impacts of the COVID-19 pandemic and recorded an increase in inventory obsolescence reserves during the first quarter of fiscal 2021, and as a result of disciplined inventory control and better than planned product performance, during the remainder of fiscal 2021, the Company decreased a portion of its inventory obsolescence reserves. The majority of inventory at January 31, 2023 and 2022 consisted of finished goods. Raw materials and work-in-process were not material to the overall inventory value.

Property and Equipment

Property and equipment are stated at cost and primarily consist of store leasehold improvements, furniture and fixtures, buildings and other operating equipment. Depreciation is computed using the straight-line method over the lesser of the lease term or useful life for leasehold improvements, five years for furniture and fixtures, 39 years for buildings and three to 15 years for other operating equipment. Major renovations or improvements that extend the service lives of our assets are capitalized over the lesser of the extension period, life of the improvement, or the remaining term of the lease.

Rental Product

The cost of Nuuly Rent rental product is amortized to cost of sales based on the cost of each unit rented, which is estimated based on the number of times the unit is expected to be rented and the cost of the rental product. Lost, damaged and retired rental product is also charged to cost of sales. The Company makes assumptions as to the number of times each unit can be rented. If the actual number of times a unit can be rented were to vary significantly from our estimates, it could materially affect the amount of rental product amortization included in cost of sales.

Impairment of Long-lived Assets

The Company reviews the carrying values of its definite-lived, long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Events that result in an impairment review include plans to close a retail location, distribution or fulfillment center, a significant decrease in the operating results of a long-lived asset or significant adverse changes in the business climate. 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. Newly opened retail locations may take time to generate positive operating and cash flow results. Factors such as store type (e.g., mall versus free-standing), location (e.g., urban area versus college campus or suburb), current marketplace awareness of our brands, local customer demographic data and current fashion trends are all considered in determining the time frame required for a retail location to achieve positive financial results. When events indicate that an asset may be impaired and the estimated undiscounted cash flows (based on forecasts of sales and gross profit) are less than the carrying amount of the asset, the impaired asset is adjusted to its estimated fair value and an impairment loss is recorded. The estimated fair value of the asset or asset group is based on future cash flows of the asset or asset group. For lease right-of-use assets, the Company determines the estimated fair value of the assets by comparing the discounted contractual rent payments to estimated market rent using an acceptable valuation methodology. During fiscal 2023, the Company recorded impairment charges for 19 locations, totaling $6,417, with a carrying value after impairment of $48,970 primarily related to the right-of-use assets. During fiscal 2021, the Company recorded impairment charges for 42 retail locations, totaling $15,496, with a carrying value after impairment of $101,836 primarily related to the right-of-use assets. The impairment charges in fiscal 2021 were primarily due to the impact of the mandated store closures as a result of the COVID-19 pandemic and lower store productivity once opened. During the Company’s assessment of current and future performance, it was determined that these retail locations would not be able to generate sufficient cash flow over the expected remaining lease term to recover the remaining carrying value of the respective retail location assets.

Leases

The Company has operating leases for stores, distribution and fulfillment centers, corporate offices and equipment that are recognized as right-of-use assets and lease liabilities. The Company subleases certain properties to third parties. The Company has elected not to record a lease liability and right-of-use asset for leases with original terms of 12 months or less. The Company has elected the practical expedient to not separate non-lease components from lease components as it pertains to real estate leases.

Store leases have remaining lease terms that range from less than one year up to 15 years, some of which contain options to extend the lease for one or two 5-year periods. Payments related to a renewal period are included in the lease liability and right-of-use asset only when the Company is reasonably certain that it will exercise the option to renew the lease for an extended period of time. Certain leases may contain variable lease payments such as rent based on a percentage of net sales. Variable lease payments may be subject to a breakpoint threshold of fixed rent. Variable lease payments, other than those that depend on an index or a rate, are not included in the

measurement of the lease liability. The lease liability is calculated at the present value of certain future payments, discounted using the Company’s incremental borrowing rate, which approximates the rate of interest the Company would pay to borrow an amount equal to the lease payments on a fully collateralized basis over a similar term. Significant judgment is used in determining the incremental borrowing rate related to estimates for credit rating, credit spread and the impact of collateral. The Company developed incremental borrowing rates at a lease portfolio level. The right-of-use asset is initially equal to the value of the lease liability less any amounts received from the landlord as incentives or tenant improvement allowances.

During fiscal 2023, 2022 and 2021, the Company received rent concessions for a number of our 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 during fiscal 2023, 2022 and 2021 as either negative variable rent or lease modifications have not had a material impact on the Company’s Financial Statements.

Revenue Recognition

Merchandise: Merchandise is sold through retail stores, catalogs and the digital sales channel, as well as to wholesale customers, franchise partners and Nuuly customers. Revenue is recognized when control of the promised goods is transferred to the customer. The Company has elected to treat shipping and handling as fulfillment activities and not a separate performance obligation. Accordingly, the Company will recognize merchandise revenue for the Retail segment for its single performance obligation at the point of sale, when furniture is delivered or at the time of shipment for non-furniture merchandise, which is when transfer of control to the customer occurs. A Nuuly Rent customer may purchase merchandise in her possession that was included in the order that was delivered as part of the monthly subscription rental service. The Company recognizes merchandise revenue for Nuuly Rent for its single performance obligation when the customer purchases the merchandise through the website or mobile application. Revenue does not include taxes assessed by governmental authorities, including value-added and other sales-related taxes, that are imposed on and concurrent with revenue-producing activities. Revenue is recognized net of estimated customer returns. Retail segment return policies vary by brand, but generally provide for no time limit on returns and the refund to be issued in either the form of original payment or as a gift card. Payment for merchandise is tendered primarily by cash, check, credit card, debit card, gift card or alternative payment methods. Uncollectible accounts receivable in the Retail and Nuuly segments primarily results from unauthorized credit card transactions. The Company maintains an allowance for doubtful accounts for its Wholesale segment accounts receivable, which management reviews on a regular basis and believes is sufficient to cover potential credit losses and billing adjustments. Payment terms in the Wholesale segment vary by customer with the most common being a net 30-day policy.

Menus & Venues: Revenue from restaurant sales and events is recognized upon completion of the service, when the Company satisfies its single performance obligation. Customer deposits may be received in advance for events and that represent a contract liability until the Company satisfies its performance obligation.

Subscription Fees: Revenue for Nuuly Rent is primarily generated through monthly subscription fees. The monthly subscription rental fee is recognized as revenue in the month the customer is billed. A customer may pause the monthly subscription, at which point the customer will not be billed for future months until the subscription is no longer on hold.

Gift Cards: The Company accounts for a gift card transaction by recording a liability at the time the gift card is issued to the customer in exchange for consideration from the customer. At the time of issuance, the Company has an open performance obligation for the future delivery of promised goods or services. The liability remains outstanding until the card is redeemed by the customer, at which time the Company recognizes revenue. Over time, a portion of the outstanding gift cards will not be redeemed by the customer which we refer to as “breakage”. Revenue is recognized from breakage over time in proportion to gift card redemptions. Judgment is used in determining the amount of breakage revenue to be recognized and is based on historical gift card redemption patterns. Gift card breakage revenue is included in net sales and is not material. The Company’s gift cards do not expire.

Sales Return Reserve

The Company records a reserve for estimated product returns where the sale has occurred during the period reported, but the return is likely to occur subsequent to the period reported. The reserve for estimated product returns is based on the Company’s most recent historical return trends. If the actual return rate is materially different than the Company’s estimate, sales returns would be adjusted in

the future. The costs of returns are recorded as a current asset rather than net with the sales return reserve liability. As of January 31, 2023, 2022 and 2021, the sales return reserve was $70,147, $69,817 and $82,004, respectively.

Cost of Sales

Cost of sales includes the following: the cost of merchandise; merchandise markdowns; obsolescence and shrink provisions; store and fulfillment center occupancy costs, including rent and depreciation; delivery expense; inbound and outbound freight; customs related taxes and duties; inventory acquisition and purchasing costs; design costs; warehousing and handling costs; the amortization of rental product; the net unamortized cost of rental product at time of purchase by a customer; and other inventory and rental product acquisition related costs.

Selling, General and Administrative Expenses

Selling, general and administrative expenses includes expenses such as direct selling and selling supervisory expenses; marketing and web creative expenses; various corporate expenses such as information technology, finance, loss prevention, talent acquisition, home office and executive management expenses; share-based compensation expense; and other associated general expenses.

Shipping and Handling Revenues and Costs

The Company includes shipping and handling revenues in net sales and shipping and handling costs in cost of sales. The Company’s shipping and handling revenues consist of amounts billed to customers for shipping and handling merchandise. Shipping and handling costs include shipping supplies, related labor costs and third-party shipping costs.

Advertising

The Company expenses the costs of advertising when the advertising occurs, except for certain digital channel advertising, which is capitalized and expensed when the catalog is mailed or the content is published on the Company’s websites and mobile applications. Advertising costs primarily relate to Retail segment marketing expenses which are comprised of web marketing, catalog printing, paper, postage and other costs related to production of photographic images used in the Company’s catalogs, websites, mobile applications and social media campaigns. If there is no expected future benefit, the cost of advertising is expensed when incurred. Advertising costs reported as prepaid expenses were $1,740 and $1,306 as of January 31, 2023, and 2022, respectively, and are included in “Prepaid expenses and other current assets” in the Consolidated Balance Sheets. Advertising expenses were $279,174, $254,073 and $184,465 for fiscal 2023, 2022 and 2021, respectively. In addition, the Company incurred web creative expenses of $65,474, $59,746 and $44,562 for fiscal 2023, 2022 and 2021, respectively. Advertising expenses and web creative expenses are both included in “Selling, general and administrative expenses” in the Consolidated Statements of Income.

Store Opening Costs

The Company expenses all store opening and organization costs as incurred, including travel, training, recruiting, salaries and other operating costs, and all such costs are included in “Selling, general and administrative expenses” in the Consolidated Statements of Income.

Website Development Costs

The Company capitalizes applicable costs incurred during the application and infrastructure development stage and expenses costs incurred during the planning and operating stage. During fiscal 2023, 2022 and 2021, capitalized costs related to internally generated internal-use software were not material.

Income Taxes

The Company utilizes a balance sheet approach to provide for income taxes. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of net operating loss carryforwards and temporary differences between the carrying amounts and the tax bases of assets and liabilities. Investment tax credits or grants are accounted for in the period earned. The Company files a consolidated United States federal income tax return (see Note 10, “Income Taxes,” for a further discussion of income taxes). The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted net income per common share is computed by dividing net income by the weighted-average number of common shares and common share equivalents outstanding. Common share equivalents include the effect of stock options, stock appreciation rights (“SAR’s”), restricted stock units (“RSU’s”) and performance stock units (“PSU’s”).

Comprehensive Income and Accumulated Other Comprehensive Loss

Comprehensive income is comprised of two subsets—net income and other comprehensive income (loss). Amounts included in accumulated other comprehensive loss relate to foreign currency translation adjustments and unrealized gains or losses on marketable securities. The foreign currency translation adjustments are not adjusted for income taxes because these adjustments relate to non-U.S. subsidiaries for which foreign earnings have been designated as permanently reinvested. Accumulated other comprehensive loss consisted of foreign currency translation losses of $42,824 and $22,204 as of January 31, 2023 and January 31, 2022, respectively, and unrealized losses, net of tax, on marketable securities of $5,811 and $2,626 as of January 31, 2023 and January 31, 2022, respectively. The tax effect of the unrealized gains (losses) on marketable securities recorded in comprehensive income was $1,054, ($1,249) and ($236) during fiscal 2023, 2022 and 2021, respectively. Gross realized gains and losses are included in “Interest income” in the Consolidated Statements of Income and were not material to the Company’s Consolidated Financial Statements for all three years presented.

Foreign Currency

The financial statements of the Company’s foreign operations are translated into U.S. dollars. Assets and liabilities are translated at current exchange rates as of the balance sheet date, equity accounts at historical exchange rates, while income statement accounts are translated at the average rates in effect during the year. Translation adjustments are not included in determining net income, but are included in “Accumulated other comprehensive loss” within “Shareholders’ equity.” Remeasurement gains and losses included in operating results for fiscal years 2023, 2022 and 2021 were not material.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, marketable securities and accounts receivable. The Company manages the credit risk associated with cash, cash equivalents and marketable securities by investing in high-quality securities held with reputable trustees and, by policy, limiting the amount of credit exposure to any one issuer or issue, as well as providing limitations on investment maturities. The Company’s investment policy requires that its cash, cash equivalents and marketable securities are invested in corporate and municipal bonds rated “BBB” or better, commercial paper and federally insured or guaranteed investment vehicles such as certificates of deposit, United States treasury bills and federal government agencies. Receivables from third-party credit cards are processed by financial institutions, which are monitored for financial stability. The Company regularly evaluates the financial condition of its Wholesale segment customers. The Company’s allowance for doubtful accounts reflects current market conditions and management’s assessment regarding the collectability of its accounts receivable. The Company maintains cash accounts that, at times, may exceed federally insured limits. The Company has not experienced any losses from maintaining cash accounts in excess of such limits. Management believes that it is not exposed to any significant risks related to its cash accounts.

Commitments and Contingencies

From time to time, the Company is named as a defendant in legal actions arising from normal business activities. The Company records a reserve for estimated losses when information available prior to issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated.

Recent Accounting Pronouncements

The Company has considered all new accounting standards updates issued by the 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.

Revenue from Contracts with Customers

12 Months Ended

Jan. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

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 and other electronic payment transactions and sales to the Company’s Wholesale segment customers and franchisees. For the year ended January 31, 2023, the opening and closing balance of contract receivables, net of allowance for doubtful accounts, was $63,760 and $70,339, respectively. For the year ended January 31, 2022, the opening and closing balance of contract receivables, net of allowance for doubtful accounts, was $89,952 and $63,760, respectively. Contract receivables are included in “Accounts receivable, net of allowance for doubtful accounts” in the 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 year ended January 31, 2023, the opening and closing balance of contract liabilities was $78,717 and $82,867, respectively. For the year ended January 31, 2022, the opening and closing balance of contract liabilities was $61,986 and $78,717, respectively. Contract liabilities are included in “Accrued expenses and other current liabilities” in the Consolidated Balance Sheets. During the year ended January 31, 2023, the Company recognized $36,850 of revenue that was included in the contract liability balance at the beginning of the period. During the year ended January 31, 2022, the Company recognized $30,071 of revenue that was included in the contract liability balance at the beginning of the period.

See Note 17, “Segment Reporting,” for additional information including net sales recorded by reportable segment and net sales from contracts with customers by merchandise category.

- 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 https://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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Marketable Securities

12 Months Ended

Jan. 31, 2023

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 values of available-for-sale securities by major security type and class of security as of January 31, 2023 and 2022 are as follows:


	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Fair Value
As of January 31, 2023
Short-term Investments:
Corporate bonds	$	83,184	$	—	$	(947	)	$	82,237
Municipal and pre-refunded municipal bonds		48,141		—		(688	)		47,453
US Treasury securities		23,561		1		(10	)		23,552
Commercial paper		21,636		—		—			21,636
Federal government agencies		6,501		—		(1	)		6,500
		183,023		1		(1,646	)		181,378
Long-term Investments:
Corporate bonds	$	62,594	$	22	$	(3,319	)	$	59,297
Municipal and pre-refunded municipal bonds		23,437		5		(1,154	)		22,288
Federal government agencies		9,021		13		(2	)		9,032
Mutual funds, held in rabbi trust		13,402		—		(1,424	)		11,978
Certificates of deposit		249		—		—			249
		108,703		40		(5,899	)		102,844
	$	291,726	$	41	$	(7,545	)	$	284,222

As of January 31, 2022
Short-term Investments:
Corporate bonds	$	85,062	$	1	$	(200	)	$	84,863
Municipal and pre-refunded municipal bonds		128,984		1		(273	)		128,712
US Treasury securities		14,999		—		(38	)		14,961
Commercial paper		10,884		—		—			10,884
		239,929		2		(511	)		239,420
Long-term Investments:
Corporate bonds	$	148,830	$	—	$	(2,478	)	$	146,352
Municipal and pre-refunded municipal bonds		60,533		1		(912	)		59,622
US Treasury securities		5,222		—		(46	)		5,176
Federal government agencies		350		—		(5	)		345
Mutual funds, held in rabbi trust		12,419		—		(606	)		11,813
Certificates of deposit		249		—		—			249
		227,603		1		(4,047	)		223,557
	$	467,532	$	3	$	(4,558	)	$	462,977

Proceeds from the sales and maturities of available-for-sale securities were $276,650, $280,701 and $396,260 in fiscal 2023, 2022 and 2021, respectively. The Company included in “Interest income,” in the Consolidated Statements of Income, a net realized loss of $1,465 during fiscal 2023, a net realized gain of $11 during fiscal 2022 and a net realized loss of $419 during fiscal 2021. Amortization of discounts and premiums, net, resulted in a reduction of “Interest income” of $4,512, $6,614 and $1,574 for fiscal 2023, 2022 and 2021, respectively. 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 “Interest income” in the Consolidated Statements of Income.

The following tables show the gross unrealized losses and fair value of the Company’s marketable securities with unrealized losses that are not deemed to have credit losses, aggregated by the length of time that individual securities have been in a continuous unrealized loss position, at January 31, 2023 and 2022, respectively.


	January 31, 2023
	Less Than 12 Months					12 Months or Greater					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate bonds	$	23,569	$	(51	)	$	116,136	$	(4,215	)	$	139,705	$	(4,266	)
Municipal and pre-refunded municipal bonds		2,849		(90	)		64,079		(1,752	)		66,928		(1,842	)
US Treasury securities		14,221		(3	)		1,993		(7	)		16,214		(10	)
Federal government agencies		9,517		(3	)		—		—			9,517		(3	)
Mutual funds, held in rabbi trust		11,333		(1,424	)		—		—			11,333		(1,424	)
Total	$	61,489	$	(1,571	)	$	182,208	$	(5,974	)	$	243,697	$	(7,545	)


	January 31, 2022
	Less Than 12 Months					12 Months or Greater					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate bonds	$	212,861	$	(2,661	)	$	14,110	$	(17	)	$	226,971	$	(2,678	)
Municipal and pre-refunded municipal bonds		162,081		(1,162	)		7,118		(23	)		169,199		(1,185	)
US Treasury securities		20,137		(84	)		—		—			20,137		(84	)
Federal government agencies		345		(5	)		—		—			345		(5	)
Mutual funds, held in rabbi trust		11,813		(606	)		—		—			11,813		(606	)
Total	$	407,237	$	(4,518	)	$	21,228	$	(40	)	$	428,465	$	(4,558	)

As of January 31, 2023 and 2022, there were a total of 262 and 656 securities with unrealized loss positions within the Company’s portfolio, respectively.

Fair Value

12 Months Ended

Jan. 31, 2023

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 January 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	141,534	$	—	$	141,534
Municipal and pre-funded municipal bonds		—		69,741		—		69,741
US Treasury securities		—		23,552		—		23,552
Commercial paper		—		21,636		—		21,636
Federal government agencies		—		15,532		—		15,532
Mutual funds, held in rabbi trust		11,978		—		—		11,978
Certificates of deposit		—		249		—		249
	$	11,978	$	272,244	$	—	$	284,222


	Marketable Securities Fair Value as of January 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	231,215	$	—	$	231,215
Municipal and pre-refunded municipal bonds		—		188,334		—		188,334
US Treasury securities		—		20,137		—		20,137
Commercial paper		—		10,884		—		10,884
Federal government agencies		—		345		—		345
Mutual funds, held in rabbi trust		11,813		—		—		11,813
Certificates of deposit		—		249		—		249
	$	11,813	$	451,164	$	—	$	462,977

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 January 31, 2023 and January 31, 2022.

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 January 31, 2023 and 2022, 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.

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 and, in the case of goodwill, an annual assessment is performed.

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. For lease right-of-use assets, the Company determines the estimated fair value of the assets by comparing the discounted contractual rent payments to estimated market rent using an acceptable valuation methodology. Goodwill has been assigned to reporting units for purposes of impairment testing. The Company evaluates goodwill to determine if the carrying value exceeds the fair value of the reporting unit. During fiscal 2023 and 2021, the Company determined that certain long-lived assets at the Company’s retail locations were unable to recover their carrying value. The impairment charges in fiscal 2021 were primarily due to the impact of the mandated store closures as a result of the COVID-19 pandemic and lower store productivity once opened. These assets were written down to a fair value resulting in impairment charges of $6,417 and $15,496 in fiscal 2023 and 2021, respectively.

- 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

Property and Equipment

12 Months Ended

Jan. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

6. Property and Equipment

Property and equipment is summarized as follows:


	January 31,
	2023			2022
Land	$	55,229		$	56,166
Buildings		467,703			469,188
Furniture and fixtures		419,712			425,021
Leasehold improvements		846,153			856,410
Other operating equipment		460,531			451,285
Construction-in-progress		358,787			269,596
		2,608,115			2,527,666
Accumulated depreciation		(1,420,380	)		(1,382,581	)
Total	$	1,187,735		$	1,145,085

Depreciation expense for property and equipment in fiscal 2023, 2022 and 2021 was $97,827, $99,058 and $102,197, respectively.

Accrued Expenses and Other Current Liabilities

12 Months Ended

Jan. 31, 2023

Payables and Accruals [Abstract]

Accrued Expenses And Other Current Liabilities

7. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:


	January 31,
	2023		2022
Sales return reserves	$	70,147	$	69,817
Gift cards and merchandise credits		65,697		58,147
Accrued sales and VAT taxes		26,979		32,107
Accrued rents, estimated property taxes and other property expenses		38,049		32,316
Federal, state and foreign income taxes		6,878		3,870
Accrued construction		17,102		57,041
Other current liabilities		97,725		97,700
Total	$	322,577	$	350,998

Debt

12 Months Ended

Jan. 31, 2023

Debt Disclosure [Abstract]

Debt

8. Debt

On June 10, 2022, the Company and certain of its subsidiaries entered into the third amendment (the "Third Amendment") to the Company's amended and restated credit agreement dated as of June 29, 2018 (the "Amended Credit Agreement"), amending the Company's asset-based revolving credit facility with its lenders, including JPMorgan Chase Bank, N.A., as administrative agent, joint lead arranger and co-book managers along with Wells Fargo Bank, National Association. The Third Amendment extends the maturity date of the senior secured revolving credit facility to June 2027, replaces LIBOR as a reference interest rate for borrowings and amends certain other provisions (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 and includes a swing-line sub-facility, a multicurrency sub-facility and the option to expand the facility by up to $150,000. Borrowings 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 SOFR, CDOR, SONIA 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 Facility is payable monthly, quarterly or at the end of the applicable 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 January 31, 2023, the Company had $0 in borrowings under the Amended Credit Facility. The Company borrowed and subsequently repaid $220,000 during fiscal 2021 in order to preserve financial flexibility and maintain liquidity and flexibility in response to the COVID-19 pandemic. As of January 31, 2023, the Company was in compliance with the terms of the Amended Credit Agreement and 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 $12,433. Interest expense for the Amended Credit Facility was $998, $1,046, and $2,720 for the years ended January 31, 2023, 2022, and 2021, respectively, which was included in “Interest expense,” in the Consolidated Statements of Income.

On February 10, 2023, the Company and certain of its subsidiaries entered into a Fourth Amendment to the Credit Agreement to permit the Company to purchase a membership interest in a federal low-income housing tax credit entity. See Note 10, “Income Taxes,” for further discussion of the investment.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Leases

12 Months Ended

Jan. 31, 2023

Leases [Abstract]

Leases

9. 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 $255,682, $268,863 and $275,493 during fiscal 2023, 2022 and 2021, respectively. Total variable lease costs were $136,201, $109,525 and $89,833 during fiscal 2023, 2022 and 2021, respectively. Short-term lease costs and sublease income were not material during fiscal 2023, 2022 and 2021.

Other information related to leases was as follows:


Other information	Fiscal Year Ended January 31,
Cash paid for amounts included in the measurement of lease liabilities:	2023			2022			2021
Operating cash flows from operating leases	$	296,619		$	303,577		$	247,539
Right-of-use assets obtained in exchange for new operating lease liabilities	$	189,744		$	112,572		$	149,586
Weighted-average remaining lease term - operating leases	6.3 years			6.0 years			7.0 years
Weighted-average discount rate - operating leases		5.8	%		5.8	%		6.1	%

The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of January 31, 2023:


Fiscal Year	Operating Leases
2024	$	292,057
2025		250,109
2026		216,575
2027		162,899
2028		125,594
Thereafter		314,658
Total undiscounted future minimum lease payments		1,361,892
Less imputed interest		(244,524	)
Total discounted future minimum lease payments	$	1,117,368

As of January 31, 2023, the Company had commitments of approximately $26,446 not included in the amounts above related to six executed but not yet commenced store leases. Subsequent to January 31, 2023, the Company signed a lease in the amount of $57,311 for a Nuuly fulfillment center in Raymore, Missouri beginning in fiscal 2024 over a 15-year lease term which is not included in the amounts above.

Certain store leases provide for contingent rentals when sales exceed specified breakpoint levels, in lieu of a fixed minimum rent, that are not reflected in the above table. Additionally, there are 88 locations where a percentage of sales are paid, in lieu of a fixed minimum rent, that are not reflected in the above table. Total rent expense related to these 88 locations was approximately $13,451 for fiscal 2023.

During fiscal 2023, 2022 and 2021, the Company received rent concessions for a number of our 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 during fiscal 2023, 2022 and 2021, as either negative variable rent or lease modifications have not had a material impact on the Company’s Consolidated Financial Statements.

Income Taxes

12 Months Ended

Jan. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

10. Income Taxes

The components of income (loss) before income taxes are as follows:


	Fiscal Year Ended January 31,
	2023		2022		2021
Domestic	$	217,894	$	389,059	$	13,103
Foreign		3,385		15,572		(9,590	)
	$	221,279	$	404,631	$	3,513

The components of the provision for income tax expense/(benefit) are as follows:


	Fiscal Year Ended January 31,
	2023			2022			2021
Current:
Federal	$	49,695		$	75,533		$	11,623
State		12,950			18,972			894
Foreign		1,512			2,205			4,030
	$	64,157		$	96,710		$	16,547
Deferred:
Federal	$	(4,724	)	$	(4,151	)	$	(7,801	)
State		671			498			(3,325	)
Foreign		1,476			958			(3,144	)
		(2,577	)		(2,695	)		(14,270	)
	$	61,580		$	94,015		$	2,277

The following table reflects the differences between the statutory U.S. federal income tax rate and the Company’s effective tax rate:


	Fiscal Year Ended January 31,
	2023			2022			2021
Expected provision at statutory U.S. federal tax rate		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal tax benefit		4.9			3.8			(88.1	)
Foreign taxes		0.3			(1.8	)		56.9
Uncertain tax positions		0.3			0.1			28.8
Stock compensation		0.4			(0.1	)		36.1
Tax rate changes		0.4			0.1			8.5
Prior year adjustments		—			0.1			15.7
Federal tax credits		(0.2	)		(0.2	)		(16.0	)
Nondeductible expenses		1.6			0.1			8.6
Tax exempt income		(0.1	)		—			(3.4	)
Other		(0.8	)		0.1			(3.3	)
Effective tax rate		27.8	%		23.2	%		64.8	%

The variance in percentages for the components of the effective tax rate for fiscal 2021 as compared to fiscal 2023 and 2022 are primarily due to the ratio of foreign taxable losses to global taxable profits and lower income before income taxes in fiscal 2021.

The significant components of deferred tax assets and liabilities as of January 31, 2023 and 2022 are as follows:


	January 31,
	2023			2022
Deferred tax liabilities:
Prepaid expense	$	(2,727	)	$	(3,132	)
Depreciation		(46,552	)		(50,674	)
Operating lease right-of-use assets		(224,099	)		(233,299	)
Other temporary differences		(353	)		(365	)
Gross deferred tax liabilities		(273,731	)		(287,470	)
Deferred tax assets:
Operating lease liabilities		260,596			272,953
Deferred rent		15,296			14,176
Inventory		22,967			19,896
Accounts receivable		1,114			1,252
Net operating loss carryforwards		18,369			20,873
Tax uncertainties		1,430			1,135
Accrued salaries and benefits		24,084			25,249
Income tax credits		4,540			4,714
Other temporary differences		29,362			28,000
Gross deferred tax assets, before valuation allowances		377,758			388,248
Valuation allowances		(33,087	)		(30,852	)
Net deferred tax assets	$	70,940		$	69,926

Net deferred tax assets are attributed to the jurisdictions in which the Company operates. As of January 31, 2023 and 2022, respectively, $42,277 and $38,718 were attributable to U.S. federal, $18,458 and $19,190 were attributed to state jurisdictions and $10,205 and $12,018 were attributed to foreign jurisdictions.

As of January 31, 2023, certain non-U.S. subsidiaries of the Company had net operating loss carryforwards for tax purposes of approximately $10,367 that expire from 2025 through 2031 and approximately $54,875 that do not expire. Certain U.S. subsidiaries of the Company had state net operating loss carryforwards for tax purposes of approximately $28,536 that expire from 2024 through 2043 and approximately $11,315 that do not expire. Certain U.S. subsidiaries of the Company had state credit carryforwards for tax purposes of approximately $5,799 that expire from 2027 through 2030. As of January 31, 2023, the Company had full and partial valuation allowances for certain foreign and state net operating loss carryforwards and a partial valuation allowance against state credit carryforwards where it was uncertain the carryforwards would be utilized. The Company had no valuation allowance for certain other foreign and state net operating loss carryforwards where management believes it is more-likely-than-not the tax benefit of these carryforwards will be realized.

As of January 31, 2023, approximately $118,248 of cash and cash equivalents were held by the Company’s non-U.S. subsidiaries for which no deferred taxes have been provided. The Company has accumulated undistributed earnings generated by foreign subsidiaries of approximately $434,565. Since such earnings have previously been subject to the one-time deemed repatriation transition tax required by the U.S. Tax Cuts and Jobs Act or other U.S. tax requirements on undistributed foreign earnings, any additional taxes due with respect to such earnings or the excess of the amount for financial reporting over the tax basis of our foreign investments would generally be limited to foreign and state taxes. The Company continues to believe that foreign earnings are indefinitely reinvested excluding earnings that have previously been subject to the one-time deemed repatriation transition tax required by the U.S. Tax Cuts and Jobs Act. With respect to outside basis differences in all other non-U.S. subsidiaries, the Company expects that either (i) such basis differences will not reverse in the foreseeable future, or (ii) such basis differences will reverse in a tax-neutral manner.

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:


	January 31,
Tax Benefit Reconciliation	2023			2022			2021
Balance at the beginning of the period	$	18,945		$	22,259		$	21,924
Increases in tax positions for prior years		1,055			28			476
Decreases in tax positions for prior years		(974	)		(3,178	)		(51	)
Increases in tax positions for current year		147			249			41
Settlements		(177	)		—			—
Lapse in statute of limitations		(262	)		(413	)		(131	)
Balance at the end of the period	$	18,734		$	18,945		$	22,259

The total amount of net unrecognized tax benefits that, if recognized, would impact the Company’s effective tax rate were $21,890 and $21,288 as of January 31, 2023 and 2022, respectively. The Company accrues interest and penalties related to unrecognized tax benefits in income tax expense in the Consolidated Statements of Income, which is consistent with the recognition of these items in prior reporting periods. During the years ended January 31, 2023, 2022 and 2021, the Company recognized expense of $1,145, $630 and $950, respectively, related to interest and penalties. The Company accrued $4,586 and $3,440 for the payment of interest and penalties as of January 31, 2023 and 2022, respectively.

The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The Company is under audit in certain state and foreign jurisdictions. Certain federal, foreign and state jurisdictions are subject to audit from fiscal 2010 to 2022. It is possible that a state or foreign examination may be resolved within 12 months. Due to the potential for resolution of federal and foreign audit and state examinations, and the expiration of various statutes of limitation, it is possible that the Company’s gross unrecognized tax benefits balance may change within the next 12 months by a range of zero to $414.

On February 10, 2023, the Company committed $100,000 to purchase a membership interest in a federal low-income housing tax credit entity. An initial payment of $20,000 was paid at closing with the remaining balance payable in quarterly installments over a five year period beginning in fiscal 2024. In exchange for the payments, the Company expects to realize a comparable amount of tax credits that will reduce its future federal income tax payments.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Share-Based Compensation

12 Months Ended

Jan. 31, 2023

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation

11. Share-Based Compensation

The Company’s 2017 Stock Incentive Plan (the “2017 Plan”) authorized up to 10,000,000 common shares, which can be granted as restricted stock, RSU’s, PSU’s, incentive stock options, nonqualified stock options, SAR’s and stock grant awards. As of January 31, 2023, there were 5,829,178 common shares available to grant under the 2017 Plan.

The Company’s 2008 Stock Incentive Plan (the “2008 Plan”) authorized up to 10,000,000 common shares, which can be granted as RSU’s, unrestricted shares, incentive stock options, nonqualified stock options, PSU’s or SAR’s. As of January 31, 2023, there were 5,554,830 common shares available to grant under the 2008 Plan. Pursuant to the terms of the 2008 Plan, certain awards may not be granted after February 25, 2018. Awards under the 2017 Plan and the 2008 Plan generally expire seven or ten years from the date of grant, thirty days after termination of employment or six months after the date of death or termination due to disability of the grantee.

The Company elects to account for forfeitures as they occur rather than estimate the expected forfeitures.

Share-based compensation expense, included in “Selling, general and administrative expenses” in the Consolidated Statements of Income, for the fiscal years ended January 31, 2023, 2022 and 2021 was as follows:


	Fiscal Year Ended January 31,
	2023		2022		2021
Stock Options	$	—	$	—	$	471
Performance Stock Units (1)		4,978		4,067		181
Restricted Stock Units		24,471		21,674		19,648
Total	$	29,449	$	25,741	$	20,300

(1)

Includes: (i) the reversal of $1,017 of previously recognized compensation expense in fiscal 2021, related to 87,997 PSU’s that were not projected to vest as the achievement of the related performance target was deemed not probable, of which $364 related to 41,332 PSU’s was subsequently recognized in fiscal 2022 due to the Company’s better than projected performance that resulted in the performance target being achieved.

The total tax benefit associated with share-based compensation expense for the fiscal years ended January 31, 2023, 2022 and 2021 was $6,379, $6,311 and $4,899, respectively. The tax benefit realized from share-based compensation for the fiscal years ended January 31, 2023, 2022 and 2021 was $3,467, $5,573 and $2,528, respectively.

Stock Options

The Company may grant stock options that generally vest over a period of one year. Stock options become exercisable over the vesting period in installments determined by the Company, which can vary depending upon each individual grant. There were no stock options granted in the fiscal years ended January 31, 2023, 2022 and 2021.

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2023:


	Shares			Weighted- Average Exercise Price		Weighted- Average Contractual Terms (years)		Aggregate Intrinsic Value
Awards outstanding at beginning of year		355,000		$	31.12		2.5	$	1,126
Granted		—			—
Exercised		(20,000	)		18.81
Forfeited or Expired		(90,000	)		33.88
Awards outstanding at end of year		245,000			31.11		1.6	$	653
Awards outstanding fully vested and expected to vest		245,000			31.11		1.6	$	653
Awards exercisable at end of year		245,000		$	31.11		1.6	$	653

The following table summarizes other information related to stock options during the years ended January 31, 2023, 2022 and 2021:


	Fiscal Year Ended January 31,
	2023		2022		2021
Intrinsic value of awards exercised	$	23	$	1,156	$	187
Net cash proceeds from the exercise of stock options	$	376	$	3,290	$	495

There were no unrecognized compensation costs of stock options granted, but not yet vested, as of January 31, 2023.

Performance Stock Units

The Company may grant PSU’s that vest based on the achievement of various company performance targets and external market conditions. The fair value of the PSU’s awarded during fiscal 2023, 2022 and 2021 equaled the stock price on the date of the grant. The Company makes certain estimates about the number of awards that will vest. Once the Company determines that it is probable that the performance targets will be met, compensation expense is recorded for these awards. If any of these performance targets are not met, the awards are forfeited. Each PSU is equal to one common share with varying maximum award value limitations. PSU’s typically vest over a two to four-year period.

The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2023:


	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		383,753		$	33.27
Granted		167,500			25.38
Vested		(80,001	)		27.79
Forfeited		—			—
Non-vested awards outstanding at end of year		471,252		$	31.40

The weighted-average grant date fair value of PSU’s awarded during the fiscal years ended January 31, 2023, 2022 and 2021 was $25.38, $38.15 and $25.84, per share, respectively. The aggregate grant date fair value of PSU's vested during the fiscal years ended

January 31, 2023, 2022 and 2021 was $27.79, $26.54 and $28.58, respectively. Unrecognized compensation cost related to unvested PSU’s as of January 31, 2023 was $5,945, which is expected to be recognized over a weighted-average period of 1.9 years.

Restricted Stock Units

The Company may grant RSU’s that vest based on the achievement of specified service conditions. The fair value of the RSU’s awarded during fiscal 2023, 2022 and 2021 equaled the stock price on the date of the grant. RSU’s typically vest over a two to four-year period.

The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2023:


	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		2,286,588		$	32.37
Granted		1,121,500			25.01
Vested		(634,881	)		30.48
Forfeited		(219,808	)		29.27
Non-vested awards outstanding at end of year		2,553,399		$	29.82

The weighted-average grant date fair value of RSU’s awarded during the fiscal years ended January 31, 2023, 2022 and 2021 was $25.01, $37.30 and $25.31, per share, respectively. The aggregate grant date fair value of RSU’s vested during the fiscal years ended January 31, 2023, 2022 and 2021 was $30.48, $29.66 and $31.11, respectively. Unrecognized compensation costs related to unvested RSU’s as of January 31, 2023, was $30,436, which is expected to be recognized over a weighted-average period of 1.9 years.

Shareholders' Equity

12 Months Ended

Jan. 31, 2023

Equity [Abstract]

Shareholders' Equity

12. Shareholders’ Equity

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


	Fiscal Year Ended January 31,
	2023		2022
Number of common shares repurchased and subsequently retired		4,736,405		1,959,159
Total cost	$	112,016	$	55,765
Average cost per share, including commissions	$	23.65	$	28.46

On August 22, 2017, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program; all such shares were repurchased and the authorization was completed by the end of June 2022. 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 January 31, 2023, 19,156,390 common shares were remaining under the programs.

In addition to the common shares repurchased under the share repurchase programs, during the fiscal years ended January 31, 2023 and 2022, the Company acquired and subsequently retired 248,812 and 229,082 common shares at a total cost of $6,760 and $7,790, respectively, from employees to meet payroll tax withholding requirements.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

12 Months Ended

Jan. 31, 2023

Equity [Abstract]

Other Comprehensive (Loss) Income and Accumulated Other Comprehensive Loss

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

The following tables present the changes in “Accumulated other comprehensive loss,” by component, net of tax, for the fiscal years ended January 31, 2023 and 2022, respectively:


	Fiscal Year Ended January 31, 2023
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(22,204	)	$	(2,626	)	$	(24,830	)
Other comprehensive income (loss) before reclassifications		(20,620	)		(1,720	)		(22,340	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			(1,465	)		(1,465	)
Net current-period total other comprehensive income (loss)		(20,620	)		(3,185	)		(23,805	)
Ending Balance	$	(42,824	)	$	(5,811	)	$	(48,635	)


	Fiscal Year Ended January 31, 2022
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(16,950	)	$	(170	)	$	(17,120	)
Other comprehensive income (loss) before reclassifications		(5,254	)		(2,467	)	$	(7,721	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			11			11
Net current-period total other comprehensive income (loss)		(5,254	)		(2,456	)		(7,710	)
Ending Balance	$	(22,204	)	$	(2,626	)	$	(24,830	)

All unrealized gains and losses on available-for-sale securities reclassified from accumulated other comprehensive loss were recorded in “Interest income” in the Consolidated Statements of Income.

Net Income Per Common Share

12 Months Ended

Jan. 31, 2023

Earnings Per Share [Abstract]

Net Income Per Common Share

14. Net 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 per common share:


	Fiscal Year Ended January 31,
	2023		2022		2021
Basic weighted-average common shares outstanding		93,199,874		98,022,583		97,817,651
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		944,188		1,246,122		705,125
Diluted weighted-average shares outstanding		94,144,062		99,268,705		98,522,776

For the fiscal years ended January 31, 2023, 2022 and 2021, awards to purchase 182,500 common shares ranging in price from $23.74 to $46.42, awards to purchase 165,000 common shares ranging in price from $35.85 to $46.42 and awards to purchase 467,500 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.

As of January 31, 2023 and 2022, 167,500 and 60,001 contingently issuable awards, respectively, were excluded from the calculation of diluted net income per common share as they did not meet certain performance criteria.

Commitments and Contingencies

12 Months Ended

Jan. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

15. Commitments and Contingencies

Purchase Commitments

As of January 31, 2023, the Company has commitments for unfulfilled purchase orders for merchandise ordered from our vendors in the normal course of business, which are primarily satisfied within 12 months, as well as commitments for products and services including information technology contracts, of $780,098. The majority of the Company’s merchandise commitments are cancellable with no or limited recourse available to the vendor until the merchandise shipping date. As of January 31, 2023, the Company had

outstanding trade letters of credit of $75,665. As of January 31, 2023, the Company also has commitments related to construction and distribution equipment contracts that are fully satisfied upon the completion of construction or installation of $121,212, all of which is due within one year. Construction and distribution equipment contracts include $69,641 related to the Nuuly distribution center in Raymore, Missouri and $34,502 related to the omni-channel fulfillment center in Kansas City, Kansas.

Benefit Plans

Full and part-time U.S. based employees who are at least 18 years of age are eligible after three months of employment to participate in the Urban Outfitters 401(k) Savings Plan (the “Plan”). Under the Plan, employees can defer 1% to 25% of compensation as defined. The Company makes matching contributions in cash of $0.50 per employee contribution dollar on the first 6% of the employee contribution. The employees’ contribution is 100% vested while the Company’s matching contribution vests at 20% per year of employee service. The Company’s contributions were $7,890, $7,406 and $6,677 for fiscal years 2023, 2022 and 2021, respectively.

The NQDC provides certain employees who are limited in their participation under the Plan the opportunity to defer compensation as defined within the NQDC. Deferred compensation under the NQDC consists of elective deferral credits, if any, made by the participant and discretionary contribution credits made by the Company. Employee contributions are 100% vested on the contribution date and the Company’s discretionary contribution is 100% vested upon crediting to participants’ accounts on an annual basis. The Company made a matching contribution of $92, $47 and $66 during fiscal years 2023, 2022 and 2021, respectively. The NQDC obligation was $11,978 and $11,813 as of January 31, 2023 and 2022, respectively. The Company has purchased investments to fund the NQDC obligation. The investments had an aggregate market value of $11,978 and $11,813 as of January 31, 2023 and 2022, respectively, and are included in “Marketable securities” in the Consolidated Balance Sheets (see Note 4, “Marketable Securities”).

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.

Related Party Transactions

12 Months Ended

Jan. 31, 2023

Related Party Transactions

16. Related Party Transactions

Faegre Drinker Biddle & Reath LLP, a law firm, provided general legal services to the Company. Fees paid to Faegre Drinker Biddle & Reath LLP during fiscal 2023, 2022 and 2021 were $1,127, $1,027 and $1,108, respectively. Harry S. Cherken, Jr., a director of the Company, served as Senior Counsel at Faegre Drinker Biddle & Reath LLP until his retirement on December 31, 2022. Amounts due to Faegre Drinker Biddle & Reath LLP as of January 31, 2023 and 2022 were approximately $174 and $104, respectively.

Todd R. Morgenfeld, a director of the Company, is Chief Financial Officer and Head of Business Operations of Pinterest, Inc., which provided digital marketing services to the Company in fiscal 2023, 2022 and 2021 and is expected to continue to do so in the future. The amount paid to Pinterest, Inc. for such digital marketing services was financially immaterial to Pinterest, Inc. and is unrelated to Mr. Morgenfeld’s compensation from Pinterest, Inc. Mr. Morgenfeld did not provide and was not involved in the provision of digital marketing services by Pinterest, Inc. to the Company, and he does not intend to provide or be involved in the provision of such services by Pinterest, Inc. in the future. The Board of Directors considered these matters in determining Mr. Morgenfeld’s independence.

Segment Reporting

12 Months Ended

Jan. 31, 2023

Segment Reporting [Abstract]

Segment Reporting

17. 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 “Nuuly.”

The Company’s Retail segment consists of the Anthropologie, Free People, FP Movement, Terrain, Urban Outfitters and Menus & Venues brands. The Anthropologie and Terrain brands make up the Anthropologie Group. The Free People and FP Movement brands make up the Free People Group. As of January 31, 2023, there were 263 Urban Outfitters stores, 238 Anthropologie Group stores, 188 Free People Group stores (including 31 FP Movement stores), 11 Menus & Venues locations, 6 Urban Outfitters franchisee-owned stores and 2 Anthropologie franchisee-owned stores. Each of Urban Outfitters, the Anthropologie Group and the Free People Group, including their Company-owned and franchisee-owned store and digital channels, and Menus & Venues locations, are considered an operating segment. Net sales from the Retail segment accounted for approximately 92.1%, 93.4% and 93.6% of total consolidated net sales for fiscal 2023, 2022 and 2021, respectively.

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 investments in areas such as marketing campaigns and technology advancements are designed to generate demand for the Retail segment omni-channel and not the separate store or digital channels. The Company manages and analyzes its performance based on a single Retail segment omni-channel rather than separate channels and believes that the Retail segment omni-channel results present the most meaningful and appropriate measure of our performance.

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 Wholesale segment primarily designs, develops and markets young women’s contemporary casual apparel, intimates, FP Movement activewear and shoes under the Free People Group and the BDG and other own brand apparel collections under the Urban Outfitters brand. The Anthropologie brand exited the wholesale business in the third quarter of fiscal 2021. Our Wholesale segment net sales accounted for approximately 5.2%, 5.5% and 5.7% of total consolidated net sales for fiscal 2023, 2022 and 2021, respectively.

The Nuuly segment consists of the Nuuly brand, which offers customers with a more sustainable way to explore fashion. Nuuly Rent is a monthly women’s apparel subscription rental service. For a monthly fee, Nuuly subscribers can select rental product from a wide selection of the Company’s own brands, third-party market brands and one-of-a-kind vintage pieces via a custom-built, digital platform. Subscribers select their products each month, wear them as often as they like and then swap into new products the following month. Subscribers are also able to purchase the rented product. Nuuly Thrift, which launched in October 2021, is a peer-to-peer resale marketplace where customers can buy and sell any brand of women’s, men’s, and kids’ apparel, shoes, and accessories. Sellers on Nuuly Thrift can transfer their earnings to their bank account or convert them to “Nuuly Cash,” a gift card with a bonus, to be used at any of the Company’s brands. Nuuly Thrift earns a commission based on sales made in the marketplace. Nuuly segment net sales accounted for approximately 2.7%, 1.1%, and less than 1.0% of consolidated net sales for fiscal 2023, 2022 and 2021, respectively.

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. 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 Nuuly segment are rental product and property and equipment.

Other assets are comprised primarily of general corporate assets, which principally consist of cash and cash equivalents, marketable securities, deferred taxes and prepaid expenses, and are typically not allocated to the Company’s segments. The Company accounts for intersegment sales and transfers as if the sales and transfers were made to third parties making similar volume purchases.

The accounting policies of the reportable segments are the same as the policies described in Note 2, “Summary of Significant Accounting Policies.” 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:


	Fiscal Year
	2023			2022			2021
Net sales
Retail operations	$	4,415,358		$	4,248,681		$	3,228,200
Wholesale operations		268,552			267,576			216,937
Nuuly operations		129,637			47,724			24,336
Intersegment elimination		(18,303	)		(15,218	)		(19,724	)
Total net sales	$	4,795,244		$	4,548,763		$	3,449,749
Income from operations
Retail operations	$	275,369		$	449,453		$	68,384
Wholesale operations		25,793			32,937			(10,180	)
Nuuly operations		(13,931	)		(20,150	)		(18,367	)
Intersegment elimination		1,339			1,643			(494	)
Total segment operating income		288,570			463,883			39,343
General corporate expenses (1)		(61,947	)		(55,317	)		(35,371	)
Total income from operations	$	226,623		$	408,566		$	3,972

(1)

General corporate expenses during fiscal 2021 benefitted from the recognition of COVID-19 related government relief packages.


	Fiscal Year
	2023		2022		2021
Depreciation expense for property and equipment
Retail operations	$	91,879	$	94,099	$	97,911
Wholesale operations		546		547		545
Nuuly operations		5,402		4,412		3,741
Total depreciation expense for property and equipment	$	97,827	$	99,058	$	102,197
Inventory
Retail operations	$	529,853	$	507,510
Wholesale operations		57,657		62,189
Total inventory	$	587,510	$	569,699
Rental product, net (1)
Nuuly operations	$	90,934	$	32,075
Total rental product, net	$	90,934	$	32,075

(1)

Rental product, net is included in "Deferred income taxes and other assets" in the Consolidated Balance Sheets.


Property and equipment, net
Retail operations	$	1,138,487	$	1,113,294
Wholesale operations		990		1,458
Nuuly operations		48,258		30,333
Total property and equipment, net	$	1,187,735	$	1,145,085
Cash paid for property and equipment
Retail operations	$	176,110	$	254,921	$	155,343
Wholesale operations		76		69		390
Nuuly operations		23,327		7,439		3,509
Total cash paid for property and equipment	$	199,513	$	262,429	$	159,242

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


	Fiscal Year
	2023				2022				2021
Net sales
Apparel	$	2,808,638	63	%	$	2,671,841	63	%	$	1,920,256	59	%
Home		830,199	19	%		852,379	20	%		730,703	23	%
Accessories		559,524	13	%		532,877	12	%		407,402	13	%
Other		216,997	5	%		191,584	5	%		169,839	5	%
Retail operations		4,415,358	100	%		4,248,681	100	%		3,228,200	100	%
Apparel		229,282	92	%		241,060	96	%		191,572	98	%
Home		—	—			—	—			534	0	%
Accessories		20,238	8	%		10,460	4	%		4,525	2	%
Other		729	0	%		838	0	%		582	0	%
Wholesale operations		250,249	100	%		252,358	100	%		197,213	100	%
Nuuly operations		129,637				47,724				24,336
Total net sales		4,795,244			$	4,548,763			$	3,449,749

The Apparel category includes intimates and activewear. The Home category includes home furnishings, electronics, gifts and decorative items. The Accessories category includes footwear, jewelry and handbags. The Other category includes beauty and shipping and handling for the Retail and Wholesale segments, and additionally the Menus & Venues brand for the Retail segment.

The Company historically presented the merchandise categories on a company-wide basis. The Company has updated the presentation of the above tables to include a summary of net sales and percentage of net sales by both merchandise category and by segment. Prior year amounts have been reclassified to conform to the current year presentation.

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:


	Fiscal Year
	2023		2022		2021
Net Sales
Domestic operations	$	4,158,753	$	3,950,381	$	3,040,778
Foreign operations		636,491		598,382		408,971
Total net sales	$	4,795,244	$	4,548,763	$	3,449,749
Property and equipment, net
Domestic operations	$	1,033,926	$	965,777
Foreign operations		153,809		179,308
Total property and equipment, net	$	1,187,735	$	1,145,085

- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

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

+ Details

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2023

Summary Of Significant Accounting Policies [Abstract]

Fiscal Year-End

Principles of Consolidation

The Consolidated Financial Statements include the accounts of the Company and all of its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.

Use of Estimates

Cash and Cash Equivalents

Marketable Securities

Accounts Receivable


	Balance at beginning of year		Additions		Deductions			Balance at end of year
Year ended January 31, 2023	$	1,348		4,071		(3,923	)	$	1,496
Year ended January 31, 2022	$	4,028		797		(3,477	)	$	1,348
Year ended January 31, 2021	$	880		9,534		(6,386	)	$	4,028

Inventory

Property and Equipment

Rental Product

Impairment of Long-lived Assets, Goodwill and Intangible Assets

Impairment of Long-lived Assets

Selling, General and Administrative Expenses

Shipping and Handling Revenues and Costs

Advertising

Store Opening Costs

Website Development Costs

Income Taxes

Net Income Per Common Share

Comprehensive Income and Accumulated Other Comprehensive Loss

Foreign Currency

Concentration of Credit Risk

Commitments and Contingencies

Recent Accounting Pronouncements

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2023

Summary Of Significant Accounting Policies [Abstract]

Activity of Allowance for Doubtful Accounts

The activity of the allowance for doubtful accounts for the years ended January 31, 2023, 2022 and 2021 was as follows:


	Balance at beginning of year		Additions		Deductions			Balance at end of year
Year ended January 31, 2023	$	1,348		4,071		(3,923	)	$	1,496
Year ended January 31, 2022	$	4,028		797		(3,477	)	$	1,348
Year ended January 31, 2021	$	880		9,534		(6,386	)	$	4,028

Marketable Securities (Tables)

12 Months Ended

Jan. 31, 2023

Investments, Debt and Equity Securities [Abstract]

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


	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Fair Value
As of January 31, 2023
Short-term Investments:
Corporate bonds	$	83,184	$	—	$	(947	)	$	82,237
Municipal and pre-refunded municipal bonds		48,141		—		(688	)		47,453
US Treasury securities		23,561		1		(10	)		23,552
Commercial paper		21,636		—		—			21,636
Federal government agencies		6,501		—		(1	)		6,500
		183,023		1		(1,646	)		181,378
Long-term Investments:
Corporate bonds	$	62,594	$	22	$	(3,319	)	$	59,297
Municipal and pre-refunded municipal bonds		23,437		5		(1,154	)		22,288
Federal government agencies		9,021		13		(2	)		9,032
Mutual funds, held in rabbi trust		13,402		—		(1,424	)		11,978
Certificates of deposit		249		—		—			249
		108,703		40		(5,899	)		102,844
	$	291,726	$	41	$	(7,545	)	$	284,222

As of January 31, 2022
Short-term Investments:
Corporate bonds	$	85,062	$	1	$	(200	)	$	84,863
Municipal and pre-refunded municipal bonds		128,984		1		(273	)		128,712
US Treasury securities		14,999		—		(38	)		14,961
Commercial paper		10,884		—		—			10,884
		239,929		2		(511	)		239,420
Long-term Investments:
Corporate bonds	$	148,830	$	—	$	(2,478	)	$	146,352
Municipal and pre-refunded municipal bonds		60,533		1		(912	)		59,622
US Treasury securities		5,222		—		(46	)		5,176
Federal government agencies		350		—		(5	)		345
Mutual funds, held in rabbi trust		12,419		—		(606	)		11,813
Certificates of deposit		249		—		—			249
		227,603		1		(4,047	)		223,557
	$	467,532	$	3	$	(4,558	)	$	462,977

Gross Unrealized Losses and Fair Value of Marketable Securities


	January 31, 2023
	Less Than 12 Months					12 Months or Greater					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate bonds	$	23,569	$	(51	)	$	116,136	$	(4,215	)	$	139,705	$	(4,266	)
Municipal and pre-refunded municipal bonds		2,849		(90	)		64,079		(1,752	)		66,928		(1,842	)
US Treasury securities		14,221		(3	)		1,993		(7	)		16,214		(10	)
Federal government agencies		9,517		(3	)		—		—			9,517		(3	)
Mutual funds, held in rabbi trust		11,333		(1,424	)		—		—			11,333		(1,424	)
Total	$	61,489	$	(1,571	)	$	182,208	$	(5,974	)	$	243,697	$	(7,545	)


	January 31, 2022
	Less Than 12 Months					12 Months or Greater					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate bonds	$	212,861	$	(2,661	)	$	14,110	$	(17	)	$	226,971	$	(2,678	)
Municipal and pre-refunded municipal bonds		162,081		(1,162	)		7,118		(23	)		169,199		(1,185	)
US Treasury securities		20,137		(84	)		—		—			20,137		(84	)
Federal government agencies		345		(5	)		—		—			345		(5	)
Mutual funds, held in rabbi trust		11,813		(606	)		—		—			11,813		(606	)
Total	$	407,237	$	(4,518	)	$	21,228	$	(40	)	$	428,465	$	(4,558	)

Fair Value (Tables)

12 Months Ended

Jan. 31, 2023

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 January 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	141,534	$	—	$	141,534
Municipal and pre-funded municipal bonds		—		69,741		—		69,741
US Treasury securities		—		23,552		—		23,552
Commercial paper		—		21,636		—		21,636
Federal government agencies		—		15,532		—		15,532
Mutual funds, held in rabbi trust		11,978		—		—		11,978
Certificates of deposit		—		249		—		249
	$	11,978	$	272,244	$	—	$	284,222


	Marketable Securities Fair Value as of January 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	231,215	$	—	$	231,215
Municipal and pre-refunded municipal bonds		—		188,334		—		188,334
US Treasury securities		—		20,137		—		20,137
Commercial paper		—		10,884		—		10,884
Federal government agencies		—		345		—		345
Mutual funds, held in rabbi trust		11,813		—		—		11,813
Certificates of deposit		—		249		—		249
	$	11,813	$	451,164	$	—	$	462,977

Property and Equipment (Tables)

12 Months Ended

Jan. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment is summarized as follows:


	January 31,
	2023			2022
Land	$	55,229		$	56,166
Buildings		467,703			469,188
Furniture and fixtures		419,712			425,021
Leasehold improvements		846,153			856,410
Other operating equipment		460,531			451,285
Construction-in-progress		358,787			269,596
		2,608,115			2,527,666
Accumulated depreciation		(1,420,380	)		(1,382,581	)
Total	$	1,187,735		$	1,145,085

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Jan. 31, 2023

Payables and Accruals [Abstract]

Accrued Expenses And Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:


	January 31,
	2023		2022
Sales return reserves	$	70,147	$	69,817
Gift cards and merchandise credits		65,697		58,147
Accrued sales and VAT taxes		26,979		32,107
Accrued rents, estimated property taxes and other property expenses		38,049		32,316
Federal, state and foreign income taxes		6,878		3,870
Accrued construction		17,102		57,041
Other current liabilities		97,725		97,700
Total	$	322,577	$	350,998

Leases (Tables)

12 Months Ended

Jan. 31, 2023

Leases [Abstract]

Other Information Related to Leases

Other information related to leases was as follows:


Other information	Fiscal Year Ended January 31,
Cash paid for amounts included in the measurement of lease liabilities:	2023			2022			2021
Operating cash flows from operating leases	$	296,619		$	303,577		$	247,539
Right-of-use assets obtained in exchange for new operating lease liabilities	$	189,744		$	112,572		$	149,586
Weighted-average remaining lease term - operating leases	6.3 years			6.0 years			7.0 years
Weighted-average discount rate - operating leases		5.8	%		5.8	%		6.1	%

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 January 31, 2023:


Fiscal Year	Operating Leases
2024	$	292,057
2025		250,109
2026		216,575
2027		162,899
2028		125,594
Thereafter		314,658
Total undiscounted future minimum lease payments		1,361,892
Less imputed interest		(244,524	)
Total discounted future minimum lease payments	$	1,117,368

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2023

Income Tax Disclosure [Abstract]

Components of Income (Loss) before Income Taxes

The components of income (loss) before income taxes are as follows:


	Fiscal Year Ended January 31,
	2023		2022		2021
Domestic	$	217,894	$	389,059	$	13,103
Foreign		3,385		15,572		(9,590	)
	$	221,279	$	404,631	$	3,513

Components of Provision for Income Tax Expense or Benefit

The components of the provision for income tax expense/(benefit) are as follows:


	Fiscal Year Ended January 31,
	2023			2022			2021
Current:
Federal	$	49,695		$	75,533		$	11,623
State		12,950			18,972			894
Foreign		1,512			2,205			4,030
	$	64,157		$	96,710		$	16,547
Deferred:
Federal	$	(4,724	)	$	(4,151	)	$	(7,801	)
State		671			498			(3,325	)
Foreign		1,476			958			(3,144	)
		(2,577	)		(2,695	)		(14,270	)
	$	61,580		$	94,015		$	2,277

Reasons for Differences between Company's Effective Tax Rate and Statutory U.S. Federal Income Tax Rate

The following table reflects the differences between the statutory U.S. federal income tax rate and the Company’s effective tax rate:


	Fiscal Year Ended January 31,
	2023			2022			2021
Expected provision at statutory U.S. federal tax rate		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal tax benefit		4.9			3.8			(88.1	)
Foreign taxes		0.3			(1.8	)		56.9
Uncertain tax positions		0.3			0.1			28.8
Stock compensation		0.4			(0.1	)		36.1
Tax rate changes		0.4			0.1			8.5
Prior year adjustments		—			0.1			15.7
Federal tax credits		(0.2	)		(0.2	)		(16.0	)
Nondeductible expenses		1.6			0.1			8.6
Tax exempt income		(0.1	)		—			(3.4	)
Other		(0.8	)		0.1			(3.3	)
Effective tax rate		27.8	%		23.2	%		64.8	%

Significant Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities as of January 31, 2023 and 2022 are as follows:


	January 31,
	2023			2022
Deferred tax liabilities:
Prepaid expense	$	(2,727	)	$	(3,132	)
Depreciation		(46,552	)		(50,674	)
Operating lease right-of-use assets		(224,099	)		(233,299	)
Other temporary differences		(353	)		(365	)
Gross deferred tax liabilities		(273,731	)		(287,470	)
Deferred tax assets:
Operating lease liabilities		260,596			272,953
Deferred rent		15,296			14,176
Inventory		22,967			19,896
Accounts receivable		1,114			1,252
Net operating loss carryforwards		18,369			20,873
Tax uncertainties		1,430			1,135
Accrued salaries and benefits		24,084			25,249
Income tax credits		4,540			4,714
Other temporary differences		29,362			28,000
Gross deferred tax assets, before valuation allowances		377,758			388,248
Valuation allowances		(33,087	)		(30,852	)
Net deferred tax assets	$	70,940		$	69,926

Reconciliation of Beginning and Ending Balances of Total Amounts of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:


	January 31,
Tax Benefit Reconciliation	2023			2022			2021
Balance at the beginning of the period	$	18,945		$	22,259		$	21,924
Increases in tax positions for prior years		1,055			28			476
Decreases in tax positions for prior years		(974	)		(3,178	)		(51	)
Increases in tax positions for current year		147			249			41
Settlements		(177	)		—			—
Lapse in statute of limitations		(262	)		(413	)		(131	)
Balance at the end of the period	$	18,734		$	18,945		$	22,259

Share-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2023

Share-Based Payment Arrangement [Abstract]

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


	Fiscal Year Ended January 31,
	2023		2022		2021
Stock Options	$	—	$	—	$	471
Performance Stock Units (1)		4,978		4,067		181
Restricted Stock Units		24,471		21,674		19,648
Total	$	29,449	$	25,741	$	20,300

(1)

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2023:


	Shares			Weighted- Average Exercise Price		Weighted- Average Contractual Terms (years)		Aggregate Intrinsic Value
Awards outstanding at beginning of year		355,000		$	31.12		2.5	$	1,126
Granted		—			—
Exercised		(20,000	)		18.81
Forfeited or Expired		(90,000	)		33.88
Awards outstanding at end of year		245,000			31.11		1.6	$	653
Awards outstanding fully vested and expected to vest		245,000			31.11		1.6	$	653
Awards exercisable at end of year		245,000		$	31.11		1.6	$	653

Summary of Information Concerning Outstanding and Exercisable Stock Options

The following table summarizes other information related to stock options during the years ended January 31, 2023, 2022 and 2021:


	Fiscal Year Ended January 31,
	2023		2022		2021
Intrinsic value of awards exercised	$	23	$	1,156	$	187
Net cash proceeds from the exercise of stock options	$	376	$	3,290	$	495

Summary of Performance Share Units Activity

The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2023:


	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		383,753		$	33.27
Granted		167,500			25.38
Vested		(80,001	)		27.79
Forfeited		—			—
Non-vested awards outstanding at end of year		471,252		$	31.40

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2023:


	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		2,286,588		$	32.37
Granted		1,121,500			25.01
Vested		(634,881	)		30.48
Forfeited		(219,808	)		29.27
Non-vested awards outstanding at end of year		2,553,399		$	29.82

Shareholders' Equity (Tables)

12 Months Ended

Jan. 31, 2023

Equity [Abstract]

Share Repurchase Activity

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


	Fiscal Year Ended January 31,
	2023		2022
Number of common shares repurchased and subsequently retired		4,736,405		1,959,159
Total cost	$	112,016	$	55,765
Average cost per share, including commissions	$	23.65	$	28.46

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

12 Months Ended

Jan. 31, 2023

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 fiscal years ended January 31, 2023 and 2022, respectively:


	Fiscal Year Ended January 31, 2023
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(22,204	)	$	(2,626	)	$	(24,830	)
Other comprehensive income (loss) before reclassifications		(20,620	)		(1,720	)		(22,340	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			(1,465	)		(1,465	)
Net current-period total other comprehensive income (loss)		(20,620	)		(3,185	)		(23,805	)
Ending Balance	$	(42,824	)	$	(5,811	)	$	(48,635	)


	Fiscal Year Ended January 31, 2022
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(16,950	)	$	(170	)	$	(17,120	)
Other comprehensive income (loss) before reclassifications		(5,254	)		(2,467	)	$	(7,721	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			11			11
Net current-period total other comprehensive income (loss)		(5,254	)		(2,456	)		(7,710	)
Ending Balance	$	(22,204	)	$	(2,626	)	$	(24,830	)

Net Income Per Common Share (Tables)

12 Months Ended

Jan. 31, 2023

Earnings Per Share [Abstract]

Reconciliation of Weighted Average Common Shares Outstanding Used for Computation of Basic and Diluted Net 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 per common share:


	Fiscal Year Ended January 31,
	2023		2022		2021
Basic weighted-average common shares outstanding		93,199,874		98,022,583		97,817,651
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		944,188		1,246,122		705,125
Diluted weighted-average shares outstanding		94,144,062		99,268,705		98,522,776

Segment Reporting (Tables)

12 Months Ended

Jan. 31, 2023

Segment Reporting [Abstract]

Schedule of Operations by Segment

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


	Fiscal Year
	2023			2022			2021
Net sales
Retail operations	$	4,415,358		$	4,248,681		$	3,228,200
Wholesale operations		268,552			267,576			216,937
Nuuly operations		129,637			47,724			24,336
Intersegment elimination		(18,303	)		(15,218	)		(19,724	)
Total net sales	$	4,795,244		$	4,548,763		$	3,449,749
Income from operations
Retail operations	$	275,369		$	449,453		$	68,384
Wholesale operations		25,793			32,937			(10,180	)
Nuuly operations		(13,931	)		(20,150	)		(18,367	)
Intersegment elimination		1,339			1,643			(494	)
Total segment operating income		288,570			463,883			39,343
General corporate expenses (1)		(61,947	)		(55,317	)		(35,371	)
Total income from operations	$	226,623		$	408,566		$	3,972

(1)

General corporate expenses during fiscal 2021 benefitted from the recognition of COVID-19 related government relief packages.


	Fiscal Year
	2023		2022		2021
Depreciation expense for property and equipment
Retail operations	$	91,879	$	94,099	$	97,911
Wholesale operations		546		547		545
Nuuly operations		5,402		4,412		3,741
Total depreciation expense for property and equipment	$	97,827	$	99,058	$	102,197
Inventory
Retail operations	$	529,853	$	507,510
Wholesale operations		57,657		62,189
Total inventory	$	587,510	$	569,699
Rental product, net (1)
Nuuly operations	$	90,934	$	32,075
Total rental product, net	$	90,934	$	32,075

(1)

Rental product, net is included in "Deferred income taxes and other assets" in the Consolidated Balance Sheets.


Property and equipment, net
Retail operations	$	1,138,487	$	1,113,294
Wholesale operations		990		1,458
Nuuly operations		48,258		30,333
Total property and equipment, net	$	1,187,735	$	1,145,085
Cash paid for property and equipment
Retail operations	$	176,110	$	254,921	$	155,343
Wholesale operations		76		69		390
Nuuly operations		23,327		7,439		3,509
Total cash paid for property and equipment	$	199,513	$	262,429	$	159,242

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:


	Fiscal Year
	2023				2022				2021
Net sales
Apparel	$	2,808,638	63	%	$	2,671,841	63	%	$	1,920,256	59	%
Home		830,199	19	%		852,379	20	%		730,703	23	%
Accessories		559,524	13	%		532,877	12	%		407,402	13	%
Other		216,997	5	%		191,584	5	%		169,839	5	%
Retail operations		4,415,358	100	%		4,248,681	100	%		3,228,200	100	%
Apparel		229,282	92	%		241,060	96	%		191,572	98	%
Home		—	—			—	—			534	0	%
Accessories		20,238	8	%		10,460	4	%		4,525	2	%
Other		729	0	%		838	0	%		582	0	%
Wholesale operations		250,249	100	%		252,358	100	%		197,213	100	%
Nuuly operations		129,637				47,724				24,336
Total net sales		4,795,244			$	4,548,763			$	3,449,749

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:


	Fiscal Year
	2023		2022		2021
Net Sales
Domestic operations	$	4,158,753	$	3,950,381	$	3,040,778
Foreign operations		636,491		598,382		408,971
Total net sales	$	4,795,244	$	4,548,763	$	3,449,749
Property and equipment, net
Domestic operations	$	1,033,926	$	965,777
Foreign operations		153,809		179,308
Total property and equipment, net	$	1,187,735	$	1,145,085

Nature of Business - Additional Information (Detail) - Store	Jan. 31, 2023	Jan. 31, 2022
Nature Of Business [Line Items]
Number of stores for operations	700	682
United States
Nature Of Business [Line Items]
Number of stores for operations	575	562
Europe
Nature Of Business [Line Items]
Number of stores for operations	94	86
Canada
Nature Of Business [Line Items]
Number of stores for operations	31	34

Summary of Significant Accounting Policies - Activity of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Balance at beginning of year	$ 1,348	$ 4,028	$ 880
Additions	4,071	797	9,534
Deductions	(3,923)	(3,477)	(6,386)
Balance at end of year	$ 1,496	$ 1,348	$ 4,028

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2023 USD ($) Store	Jan. 31, 2022 USD ($)	Jan. 31, 2021 USD ($) Location
Summary Of Significant Accounting Policies [Line Items]
Impairment charges	$ 6,417		$ 15,496
Goodwill	$ 48,970		$ 101,836
Number of retail locations	19		42
Lessee, operating lease, description	Store leases have remaining lease terms that range from less than one year up to 15 years
Lessee, operating lease, existence of option to extend		true
Lessee, operating lease, option to extend	one or two 5-year periods
Payment terms of customers	30 days
Sales return reserve	$ 70,147	$ 69,817	$ 82,004
Foreign currency translation losses	(20,620)	(5,254)	11,378
Accumulated Other Comprehensive Income (Loss)
Summary Of Significant Accounting Policies [Line Items]
Foreign currency translation losses	42,824	22,204
Unrealized gains (losses) on marketable securities, net of tax	(5,811)	(2,626)
Change in unrealized gains (losses) on marketable securities, tax	(1,054)	(1,249)	236
Selling, General and Administrative Expenses
Summary Of Significant Accounting Policies [Line Items]
Advertising expense	279,174	254,073	184,465
Web creative expenses	65,474	59,746	$ 44,562
Prepaid Expense and Other Current Assets
Summary Of Significant Accounting Policies [Line Items]
Advertising costs reported as prepaid expenses	$ 1,740	$ 1,306
Minimum
Summary Of Significant Accounting Policies [Line Items]
Lessee, operating lease, term of contract	1 year
Maximum
Summary Of Significant Accounting Policies [Line Items]
Lessee, operating lease, term of contract	15 years
Leasehold Improvements
Summary Of Significant Accounting Policies [Line Items]
Depreciable life (in years)	lesser of the lease term or useful life for leasehold improvements
Furniture and Fixtures
Summary Of Significant Accounting Policies [Line Items]
Average useful life (in years)	5 years
Building
Summary Of Significant Accounting Policies [Line Items]
Average useful life (in years)	39 years
Equipment \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Average useful life (in years)	3 years
Equipment \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Average useful life (in years)	15 years

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract receivables, net of allowance for doubtful accounts	$ 70,339	$ 63,760	$ 89,952
Gift cards expected redemption period	2 years
Contract liabilities	$ 82,867	78,717	$ 61,986
Revenue recognized included in contract liability	$ 36,850	$ 30,071

Marketable Securities - Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities (Detail) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 291,726	$ 467,532
Unrealized Gains	41	3
Unrealized (Losses)	(7,545)	(4,558)
Fair Value	284,222	462,977
Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	108,703	227,603
Unrealized Gains	40	1
Unrealized (Losses)	(5,899)	(4,047)
Fair Value	102,844	223,557
Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	183,023	239,929
Unrealized Gains	1	2
Unrealized (Losses)	(1,646)	(511)
Fair Value	181,378	239,420
Municipal And Pre-Refunded Municipal Bonds \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	23,437	60,533
Unrealized Gains	5	1
Unrealized (Losses)	(1,154)	(912)
Fair Value	22,288	59,622
Municipal And Pre-Refunded Municipal Bonds \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	48,141	128,984
Unrealized Gains	0	1
Unrealized (Losses)	(688)	(273)
Fair Value	47,453	128,712
Corporate Bonds \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	62,594	148,830
Unrealized Gains	22
Unrealized (Losses)	(3,319)	(2,478)
Fair Value	59,297	146,352
Corporate Bonds \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	83,184	85,062
Unrealized Gains	0	1
Unrealized (Losses)	(947)	(200)
Fair Value	82,237	84,863
US Treasury Securities \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		5,222
Unrealized (Losses)		(46)
Fair Value		5,176
US Treasury Securities \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	23,561	14,999
Unrealized Gains	1
Unrealized (Losses)	(10)	(38)
Fair Value	23,552	14,961
Commercial Paper \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	21,636	10,884
Unrealized (Losses)		0
Fair Value	21,636	10,884
Mutual Funds, Held in Rabbi Trust \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,402	12,419
Unrealized Gains
Unrealized (Losses)	(1,424)	(606)
Fair Value	11,978	11,813
Federal Government Agencies \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	9,021	350
Unrealized Gains	13
Unrealized (Losses)	(2)	(5)
Fair Value	9,032	345
Federal Government Agencies \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	6,501
Unrealized (Losses)	(1)
Fair Value	6,500
Certificates of Deposit \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	249	249
Fair Value	$ 249	$ 249

Marketable Securities - Gross Unrealized Losses and Fair Value of Marketable Securities (Detail) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	$ 61,489	$ 407,237
Less Than 12 Months, Unrealized Losses	(1,571)	(4,518)
12 Months or Greater, Fair Value	182,208	21,228
12 Months or Greater, Unrealized Losses	(5,974)	(40)
Total, Fair Value	243,697	428,465
Total, Unrealized Losses	(7,545)	(4,558)
Municipal And Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	2,849	162,081
Less Than 12 Months, Unrealized Losses	(90)	(1,162)
12 Months or Greater, Fair Value	64,079	7,118
12 Months or Greater, Unrealized Losses	(1,752)	(23)
Total, Fair Value	66,928	169,199
Total, Unrealized Losses	(1,842)	(1,185)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	23,569	212,861
Less Than 12 Months, Unrealized Losses	(51)	(2,661)
12 Months or Greater, Fair Value	116,136	14,110
12 Months or Greater, Unrealized Losses	(4,215)	(17)
Total, Fair Value	139,705	226,971
Total, Unrealized Losses	(4,266)	(2,678)
US Treasury Securities
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	14,221	20,137
Less Than 12 Months, Unrealized Losses	(3)	(84)
12 Months or Greater, Fair Value	1,993	0
12 Months or Greater, Unrealized Losses	(7)	0
Total, Fair Value	16,214	20,137
Total, Unrealized Losses	(10)	(84)
Mutual Funds, Held in Rabbi Trust
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	11,333	11,813
Less Than 12 Months, Unrealized Losses	(1,424)	(606)
12 Months or Greater, Fair Value	0	0
12 Months or Greater, Unrealized Losses		0
Total, Fair Value	11,333	11,813
Total, Unrealized Losses	(1,424)	(606)
Federal Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	9,517	345
Less Than 12 Months, Unrealized Losses	(3)	(5)
12 Months or Greater, Fair Value	0	0
12 Months or Greater, Unrealized Losses		0
Total, Fair Value	9,517	345
Total, Unrealized Losses	$ (3)	$ (5)

Marketable Securities - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2023 USD ($) Security	Jan. 31, 2022 USD ($) Security	Jan. 31, 2021 USD ($)
Schedule of Available-for-sale Securities [Line Items]
Sales and maturities of marketable securities	$ 276,650	$ 280,701	$ 396,260
Amortization of discounts and premiums, net	$ 4,512	$ 6,614	1,574
Total number of securities with unrealized loss positions within the Company's portfolio \| Security	262	656
Interest income
Schedule of Available-for-sale Securities [Line Items]
Net realized gain (loss)	$ 1,465	$ 11	$ 419

Fair Value - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges	$ 6,417	$ 15,496

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Property, Plant and Equipment [Abstract]
Land	$ 55,229	$ 56,166
Buildings	467,703	469,188
Furniture and fixtures	419,712	425,021
Leasehold improvements	846,153	856,410
Other operating equipment	460,531	451,285
Construction-in-progress	358,787	269,596
Property, Plant and Equipment, Gross	2,608,115	2,527,666
Accumulated depreciation	(1,420,380)	(1,382,581)
Total	$ 1,187,735	$ 1,145,085

Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 97,827	$ 99,058	$ 102,197

Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Payables and Accruals [Abstract]
Sales return reserves	$ 70,147	$ 69,817	$ 82,004
Gift cards and merchandise credits	65,697	58,147
Accrued sales and VAT taxes	26,979	32,107
Accrued rents, estimated property taxes and other property expenses	38,049	32,316
Federal, state and foreign income taxes	6,878	3,870
Accrued construction	17,102	57,041
Other current liabilities	97,725	97,700
Total	$ 322,577	$ 350,998

Debt - Additional Information (Detail) - USD ($) $ in Thousands			12 Months Ended
	Jun. 10, 2022	Jun. 29, 2018	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Line Of Credit Facility [Line Items]
Credit agreement initiation date		Jun. 10, 2022
Borrowings under debt					$ 220,000
Repayments of debt					220,000
Interest expense			1,315	1,104	3,405
Third Amended Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Line of credit outstanding			0
Stand-by letters of credit \| Third Amended Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Letter of credit outstanding			12,433
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Third Amended Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Credit facility maturity date	2027-06
Credit facility maximum borrowing capacity	$ 350,000
Additional line of credit facility	$ 150,000
Commitment fee percentage	0.20%
Interest expense			$ 998	$ 1,046	$ 2,720
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted LIBOR, CDOR or EURIBOR \| Third Amended Credit Agreement [Member] \| Minimum
Line Of Credit Facility [Line Items]
Applicable margin	1.125%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted LIBOR, CDOR or EURIBOR \| Third Amended Credit Agreement [Member] \| Maximum
Line Of Credit Facility [Line Items]
Applicable margin	1.375%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted ABR \| Third Amended Credit Agreement [Member] \| Minimum
Line Of Credit Facility [Line Items]
Applicable margin	0.125%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted ABR \| Third Amended Credit Agreement [Member] \| Maximum
Line Of Credit Facility [Line Items]
Applicable margin	0.375%

Leases - Other Information Related to Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Leases [Abstract]
Operating cash flows from operating leases	$ 296,619	$ 303,577	$ 247,539
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 189,744	$ 112,572	$ 149,586
Weighted-average remaining lease term - operating leases	6 years 3 months 18 days	6 years	7 years
Weighted-average discount rate - operating leases	5.80%	5.80%	6.10%

Leases - Schedule by Year of Maturities of Operating Leases Liabilities with Original Terms in Excess of One Year (Detail) $ in Thousands	Jan. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 292,057
2025	250,109
2026	216,575
2027	162,899
2028	125,594
Thereafter	314,658
Total undiscounted future minimum lease payments	1,361,892
Less imputed interest	(244,524)
Total discounted future minimum lease payments	$ 1,117,368

Leases - Additional Information - (Detail) $ in Thousands		12 Months Ended
Leases - Additional Information - (Detail) $ in Thousands	Feb. 01, 2023 USD ($)	Jan. 31, 2023 USD ($) RetailLocation Store	Jan. 31, 2022 USD ($)	Jan. 31, 2021 USD ($)
Operating lease costs		$ 255,682	$ 268,863	$ 275,493
Variable lease cost		136,201	$ 109,525	$ 89,833
Lease commitments for executed but not yet commenced leases		$ 26,446
Number of lease commitment not yet commenced \| Store		6
Number of retail locations \| RetailLocation		88
Total rent expense		$ 13,451
Subsequent Event
Operating lease costs	$ 57,311

Components of Income (Loss) before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Domestic	$ 217,894	$ 389,059	$ 13,103
Foreign	3,385	15,572	(9,590)
Income before income taxes	$ 221,279	$ 404,631	$ 3,513

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Components of Provision for Income Tax Expense or Benefit (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Current, Federal	$ 49,695	$ 75,533	$ 11,623
Current, State	12,950	18,972	894
Current, Foreign	1,512	2,205	4,030
Current income tax expense, total	64,157	96,710	16,547
Deferred, Federal	(4,724)	(4,151)	(7,801)
Deferred, State	671	498	(3,325)
Deferred, Foreign	1,476	958	(3,144)
Deferred income tax expense (benefit), total	(2,577)	(2,695)	(14,270)
Income tax expense (benefit), total	$ 61,580	$ 94,015	$ 2,277

Differences Between the Statutory U.S. Federal Income Tax Rate and the Company's Effective Tax Rate (Detail)	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Expected provision at statutory U.S. federal tax rate	21.00%	21.00%	21.00%
State and local income taxes, net of federal tax benefit	4.90%	3.80%	(88.10%)
Foreign taxes	0.30%	(1.80%)	56.90%
Uncertain tax positions	0.30%	0.10%	28.80%
Stock compensation	0.40%	(0.10%)	36.10%
Tax rate changes	0.40%	0.10%	8.50%
Prior year adjustments	0.00%	0.10%	15.70%
Federal tax credits	(0.20%)	(0.20%)	(16.00%)
Nondeductible expenses	1.60%	0.10%	8.60%
Tax exempt income	(0.10%)		(3.40%)
Other	(0.80%)	0.10%	(3.30%)
Effective tax rate	27.80%	23.20%	64.80%

Significant Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Prepaid expense	$ (2,727)	$ (3,132)
Depreciation	(46,552)	(50,674)
Operating lease right-of-use assets	(224,099)	(233,299)
Other temporary differences	(353)	(365)
Gross deferred tax liabilities	(273,731)	(287,470)
Operating lease liabilities	260,596	272,953
Deferred rent	15,296	14,176
Inventory	22,967	19,896
Accounts receivable	1,114	1,252
Net operating loss carryforwards	18,369	20,873
Tax uncertainties	1,430	1,135
Accrued salaries and benefits	24,084	25,249
Income tax credits	4,540	4,714
Other temporary differences	29,362	28,000
Gross deferred tax assets, before valuation allowances	377,758	388,248
Valuation allowances	(33,087)	(30,852)
Net deferred tax assets	$ 70,940	$ 69,926

Reconciliation of Beginning and Ending Balances of Total Amounts of Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Balance at the beginning of the period	$ 18,945	$ 22,259	$ 21,924
Increases in tax positions for prior years	1,055	28	476
Decreases in tax positions for prior years	(974)	(3,178)	(51)
Increases in tax positions for current year	147	249	41
Settlements	(177)
Lapse in statute of limitations	(262)	(413)	(131)
Balance at the end of the period	$ 18,734	$ 18,945	$ 22,259

Income Taxes - Additional Information (Detail) - USD ($)		12 Months Ended
	Feb. 10, 2023	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2020
Income Taxes [Line Items]
Net deferred tax assets		$ 70,940,000	$ 69,926,000
Valuation allowance for certain other foreign and state net operating loss carryforwards		0
Cash and cash equivalents		201,260,000	206,575,000	$ 395,635,000	$ 221,839,000
Unrecognized tax benefit that, if recognized, would impact the effective tax rate		21,890,000	21,288,000
Recognized (benefit)/expense in interest and penalties		1,145,000	630,000	$ 950,000
Accrued amounts for payment of interest and penalties		4,586,000	3,440,000
Unrecognized tax benefits, lower bound		0
Unrecognized tax benefits, upper bound		414,000
Subsequent Event [Member] \| U.S. Affordable Housing Real Estate Partnership
Income Taxes [Line Items]
Committed to invest in realestate	$ 100,000,000
initial payment	$ 20,000,000
Investment period	5 years
U.S. Federal
Income Taxes [Line Items]
Net deferred tax assets		42,277,000	38,718,000
Net operating loss carryforwards, do not expire		11,315,000
Net operating loss carryforwards		28,536,000
Tax credit carryforwards		$ 5,799,000
U.S. Federal \| Earliest Tax Year
Income Taxes [Line Items]
Expiration date		2024
Tax credit expiration date		2027
U.S. Federal \| Latest Tax Year
Income Taxes [Line Items]
Expiration date		2043
Tax credit expiration date		2030
State and Local Jurisdiction
Income Taxes [Line Items]
Net deferred tax assets		$ 18,458,000	19,190,000
Foreign Jurisdictions
Income Taxes [Line Items]
Net deferred tax assets		10,205,000	$ 12,018,000
Net operating loss carryforwards, expire 2019 through 2029		10,367,000
Net operating loss carryforwards, do not expire		54,875,000
Cash and cash equivalents		118,248,000
Accumulated undistributed earning		$ 434,565,000
Foreign Jurisdictions \| Earliest Tax Year
Income Taxes [Line Items]
Expiration date		2025
Foreign Jurisdictions \| Latest Tax Year
Income Taxes [Line Items]
Expiration date		2031

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2023

Jan. 31, 2022

Jan. 31, 2021

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

$ 29,449

$ 25,741

$ 20,300

Stock Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

471

Performance Stock Units (PSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

^[1]

4,978

4,067

181

Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

$ 24,471

$ 21,674

$ 19,648

[1]

Summary of Stock Option Activity (Detail) - Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding at beginning of year, Shares	355,000
Exercised, Shares	(20,000)
Forfeited or Expired, Shares	(90,000)
Awards outstanding at end of year, Shares	245,000	355,000
Awards outstanding fully vested and expected to vest, Shares	245,000
Awards exercisable at end of year, Shares	245,000
Awards outstanding at beginning of year, Weighted Average Exercise Price	$ 31.12
Exercised, Weighted Average Exercise Price	18.81
Forfeited or Expired, Weighted Average Exercise Price	33.88
Awards outstanding at end of year, Weighted Average Exercise Price	31.11	$ 31.12
Awards outstanding fully vested and expected to vest, Weighted Average Exercise Price	31.11
Awards exercisable at end of year, Weighted Average Exercise Price	$ 31.11
Awards outstanding at end of year, Weighted Average Remaining Contractual Term (years)	1 year 7 months 6 days	2 years 6 months
Awards outstanding fully vested and expected to vest, Weighted Average Remaining Contractual Term (years)	1 year 7 months 6 days
Awards exercisable at end of year, Weighted Average Remaining Contractual Term (years)	1 year 7 months 6 days
Awards outstanding, Aggregate Intrinsic Value	$ 653	$ 1,126
Awards outstanding fully vested and expected to vest, Aggregate Intrinsic Value	653
Awards exercisable at end of year, Aggregate Intrinsic Value	$ 653

Summary of Other Information Related to Stock Options (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net cash proceeds from the exercise of stock options	$ 376	$ 3,290	$ 495
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of awards exercised	23	1,156	187
Net cash proceeds from the exercise of stock options	$ 376	$ 3,290	$ 495

Summary of Performance Share Units Activity (Detail) - Performance Stock Units (PSUs) - $ / shares	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested awards outstanding at beginning of year, Shares	383,753
Granted, Shares	167,500
Vested, Shares	(80,001)
Forfeited, Shares	0
Non-vested awards outstanding at end of year, Shares	471,252	383,753
Non-vested awards outstanding at beginning of year, Weighted average fair value	$ 33.27
Granted, Weighted average fair value	25.38	$ 25.38	$ 38.15	$ 25.84
Vested, Weighted average fair value	27.79	26.54	$ 28.58
Forfeited, Weighted average fair value	0
Non-vested awards outstanding at end of year, Weighted average fair value	$ 31.40	$ 33.27

Summary of Restricted Stock Unit's Activity (Detail) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested awards outstanding at beginning of year, Shares	2,286,588
Granted, Shares	1,121,500
Vested, Shares	(634,881)
Forfeited, Shares	(219,808)
Non-vested awards outstanding at end of year, Shares	2,553,399	2,286,588
Non-vested awards outstanding at beginning of year, Weighted average fair value	$ 32.37
Granted, Weighted average fair value	25.01	$ 37.30	$ 25.31
Vested, Weighted average fair value	30.48	29.66	$ 31.11
Forfeited, Weighted average fair value	29.27
Non-vested awards outstanding at end of year, Weighted average fair value	$ 29.82	$ 32.37

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit associated with share-based compensation expense	$ 6,379	$ 6,311	$ 4,899
Tax benefit realized from share-based compensation	$ 3,467	$ 5,573	$ 2,528
2017 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized	10,000,000
Common shares available to grant	5,829,178
2008 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized	10,000,000
Common shares available to grant	5,554,830
2017 and 2008 Stock Incentive Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)		7 years
2017 and 2008 Stock Incentive Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	10 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	1 year
Compensation cost of stock options granted but not yet vested	$ 0
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost of stock options granted but not yet vested	$ 30,436
Weighted average grant date fair value	$ 25.01	$ 37.30	$ 25.31
Weighted average period of recognition (in years)	1 year 10 months 24 days
Vested, Shares	634,881
Aggregate grant date fair value, vested	$ 30.48	$ 29.66	$ 31.11
Restricted Stock Units (RSUs) \| Non-employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	0	0	0
Restricted Stock Units (RSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)		2 years
Restricted Stock Units (RSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)		5 years
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost of stock options granted but not yet vested	$ 5,945
Weighted average grant date fair value	$ 25.38	$ 25.38	$ 38.15	$ 25.84
Weighted average period of recognition (in years)	1 year 10 months 24 days
Vested, Shares	80,001
Aggregate grant date fair value, vested	$ 27.79	$ 26.54	$ 28.58
Performance Stock Units (PSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)		2 years
Performance Stock Units (PSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)		5 years

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reversal of share-based compensation expense		$ 364	$ 1,017
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, granted	167,500
Performance Stock Units (PSUs) \| Deferred Compensation, Share-based Payments
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, granted		41,332	87,997

Share Repurchase Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Equity, Class of Treasury Stock [Line Items]
Total cost	$ 118,776	$ 63,555	$ 10,912
Share repurchase program
Equity, Class of Treasury Stock [Line Items]
Number of common shares repurchased and subsequently retired	4,736,405	1,959,159
Total cost	$ 112,016	$ 55,765
Average cost per share, including commissions	$ 23.65	$ 28.46

Shareholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021	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	19,156,390
Common stock repurchased and retired,value	$ 118,776	$ 63,555	$ 10,912
Stock Repurchased and Retired During Period, Value	$ 118,776	$ 63,555	$ 10,912
Employee Stock
Equity, Class of Treasury Stock [Line Items]
Common stock repurchased and retired,shares	248,812	229,082
Common stock repurchased and retired,value	$ 6,760	$ 7,790
Stock Repurchased and Retired During Period, Shares	248,812	229,082
Stock Repurchased and Retired During Period, Value	$ 6,760	$ 7,790

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	$ 1,745,740	$ 1,477,358	$ 1,455,355
Net current-period total other comprehensive income (loss)	(23,805)	(7,710)	10,884
Ending Balance	1,792,683	1,745,740	1,477,358
Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(22,204)	(16,950)
Other comprehensive income (loss) before reclassifications	(20,620)	(5,254)
Net current-period total other comprehensive income (loss)	(20,620)	(5,254)
Ending Balance	(42,824)	(22,204)	(16,950)
Unrealized Gains and (Losses) on available- for-Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(2,626)	(170)
Other comprehensive income (loss) before reclassifications	(1,720)	(2,467)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,465)	11
Net current-period total other comprehensive income (loss)	(3,185)	(2,456)
Ending Balance	(5,811)	(2,626)	(170)
Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(24,830)	(17,120)	(28,004)
Other comprehensive income (loss) before reclassifications	(22,340)	(7,721)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,465)	11
Net current-period total other comprehensive income (loss)	(23,805)	(7,710)
Ending Balance	$ (48,635)	$ (24,830)	$ (17,120)

- Definition

+ References

+ Details

Reconciliation of Weighted Average Common Shares Outstanding Used for Computation of Basic and Diluted Net Income per Common Share (Detail) - shares	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	93,199,874	98,022,583	97,817,651
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units	944,188	1,246,122	705,125
Diluted weighted-average shares outstanding	94,144,062	99,268,705	98,522,776

Net Income per Common Share - Additional Information (Detail) - $ / shares	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	182,500	165,000	467,500
Anti-dilutive common shares exercise price, minimum	$ 23.74	$ 35.85	$ 18.81
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	167,500	60,001

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2023 USD ($) $ / $	Jan. 31, 2022 USD ($)	Jan. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Line Items]
Commitments for un-fulfilled purchase orders	$ 780,098
Commitments with construction and distribution equipment contractors	121,212
Commitments with construction and distribution equipment contractors due with in one year	$ 69,641
U.S. based employees age limit to participate in 401(k) Saving Plan	18 years
Employer matching contribution per employee \| $ / $	0.50
Percentage of employee contribution for first threshold limit of employer contribution	6.00%
Employees contribution percentage vested	100.00%
Percentage of employers contribution per year vested	20.00%
Company's contribution to Savings Plan	$ 7,890	$ 7,406	$ 6,677
Nonqualified Deferred Compensation Plan
Commitments and Contingencies Disclosure [Line Items]
Employees contribution percentage vested	100.00%
Percentage of employers contribution per year vested	100.00%
Company's contribution to Savings Plan	$ 92	47	$ 66
Deferred compensation obligation	11,978	11,813
Aggregate market value of investments	$ 11,978	$ 11,813
Minimum
Commitments and Contingencies Disclosure [Line Items]
Percentage of compensation deferred by employees under Saving Plan	1.00%
Maximum
Commitments and Contingencies Disclosure [Line Items]
Percentage of compensation deferred by employees under Saving Plan	25.00%
Omni-Channel Fulfillment Center, Kansas City
Commitments and Contingencies Disclosure [Line Items]
Commitments with construction and distribution equipment contractors	$ 34,502
Trade Letter of credit
Commitments and Contingencies Disclosure [Line Items]
Letter of credit outstanding	$ 75,665

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Related Party Transactions [Abstract]
Fees paid	$ 1,127	$ 1,027	$ 1,108
Fees due	$ 174	$ 104

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

12 Months Ended

Jan. 31, 2023

Jan. 31, 2022

Jan. 31, 2021

Segment Reporting Information [Line Items]

Total net sales

$ 4,795,244

$ 4,548,763

$ 3,449,749

Income from operations

226,623

408,566

3,972

General corporate expenses

^[1]

(61,947)

(55,317)

(35,371)

Total depreciation expense for property and equipment

97,827

99,058

102,197

Total inventory

587,510

569,699

Total rental product, net

^[2]

90,934

32,075

Total property and equipment, net

1,187,735

1,145,085

Total cash paid for property and equipment

199,513

262,429

159,242

Retail Operations

Segment Reporting Information [Line Items]

Total net sales

4,415,358

4,248,681

3,228,200

Total depreciation expense for property and equipment

91,879

94,099

97,911

Total inventory

529,853

507,510

Total property and equipment, net

1,138,487

1,113,294

Total cash paid for property and equipment

176,110

254,921

155,343

Wholesale Operations

Segment Reporting Information [Line Items]

Total net sales

250,249

252,358

197,213

Total depreciation expense for property and equipment

546

547

545

Total inventory

57,657

62,189

Total property and equipment, net

990

1,458

Total cash paid for property and equipment

390

Nuuly Operations

Segment Reporting Information [Line Items]

Total net sales

129,637

47,724

24,336

Total depreciation expense for property and equipment

5,402

4,412

3,741

Total rental product, net

^[2]

90,934

32,075

Total property and equipment, net

48,258

30,333

Total cash paid for property and equipment

23,327

7,439

3,509

Operating Segments

Segment Reporting Information [Line Items]

Total net sales

4,795,244

4,548,763

3,449,749

Income from operations

288,570

463,883

39,343

Operating Segments | Retail Operations

Segment Reporting Information [Line Items]

Total net sales

4,415,358

4,248,681

3,228,200

Income from operations

275,369

449,453

68,384

Operating Segments | Wholesale Operations

Segment Reporting Information [Line Items]

Total net sales

268,552

267,576

216,937

Income from operations

25,793

32,937

(10,180)

Operating Segments | Nuuly Operations

Segment Reporting Information [Line Items]

Total net sales

129,637

47,724

24,336

Income from operations

(13,931)

(20,150)

(18,367)

Intersegment Elimination

Segment Reporting Information [Line Items]

Total net sales

(18,303)

(15,218)

(19,724)

Income from operations

$ 1,339

$ 1,643

$ (494)

[1]	General corporate expenses during fiscal 2021 benefitted from the recognition of COVID-19 related government relief packages.
[2]	Rental product, net is included in "Deferred income taxes and other assets" in the Consolidated Balance Sheets.

Schedule of Net Sales and Percentage of Net Sales by Merchandise Category (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 4,795,244	$ 4,548,763	$ 3,449,749
Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 4,415,358	$ 4,248,681	$ 3,228,200
Total net sales, percentage	100.00%	100.00%	100.00%
Wholesale Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 250,249	$ 252,358	$ 197,213
Total net sales, percentage	100.00%	100.00%	100.00%
Nuuly Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 129,637	$ 47,724	$ 24,336
Apparel \| Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 2,808,638	$ 2,671,841	$ 1,920,256
Total net sales, percentage	63.00%	63.00%	59.00%
Apparel \| Wholesale Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 229,282	$ 241,060	$ 191,572
Total net sales, percentage	92.00%	96.00%	98.00%
Home \| Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 830,199	$ 852,379	$ 730,703
Total net sales, percentage	19.00%	20.00%	23.00%
Home \| Wholesale Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales			$ 534
Total net sales, percentage			0.00%
Accessories \| Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 559,524	$ 532,877	$ 407,402
Total net sales, percentage	13.00%	12.00%	13.00%
Accessories \| Wholesale Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 20,238	$ 10,460	$ 4,525
Total net sales, percentage	8.00%	4.00%	2.00%
Other \| Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 216,997	$ 191,584	$ 169,839
Total net sales, percentage	5.00%	5.00%	5.00%
Other \| Wholesale Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 729	$ 838	$ 582
Total net sales, percentage	0.00%	0.00%	0.00%

Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Segment Reporting Information [Line Items]
Total net sales	$ 4,795,244	$ 4,548,763	$ 3,449,749
Total property and equipment, net	1,187,735	1,145,085
Domestic Operations
Segment Reporting Information [Line Items]
Total net sales	4,158,753	3,950,381	3,040,778
Total property and equipment, net	1,033,926	965,777
Foreign Operations
Segment Reporting Information [Line Items]
Total net sales	636,491	598,382	$ 408,971
Total property and equipment, net	$ 153,809	$ 179,308

- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Segment Reporting - Additional Information (Detail)	12 Months Ended
Segment Reporting - Additional Information (Detail)	Jan. 31, 2023 Segment Restaurant Customer Store	Jan. 31, 2022 Store	Jan. 31, 2021
Segment Reporting Information [Line Items]
Number of reporting segments \| Segment	3
Number of stores	700	682
Number of major customers exceeding ten percentage thresholds \| Customer	0
Free People
Segment Reporting Information [Line Items]
Number of stores	31
Retail Operations
Segment Reporting Information [Line Items]
Percentage of net sales	92.10%	93.40%	93.60%
Number of restaurants \| Restaurant	11
Net sales as percentage of consolidated net sales	92.10%	93.40%	93.60%
Retail Operations \| Urban Outfitters
Segment Reporting Information [Line Items]
Number of stores	263
Number of franchisee-owned stores	6
Retail Operations \| Anthropologie Group
Segment Reporting Information [Line Items]
Number of stores	238
Number of franchisee-owned stores	2
Retail Operations \| Free People
Segment Reporting Information [Line Items]
Number of stores	188
Wholesale Operations
Segment Reporting Information [Line Items]
Percentage of net sales	5.20%	5.50%	5.70%
Net sales as percentage of consolidated net sales	5.20%	5.50%	5.70%
Nuuly Operations
Segment Reporting Information [Line Items]
Percentage of net sales	2.70%	1.10%
Segment net sales description	Nuuly segment net sales accounted for approximately 2.7%, 1.1%, and less than 1.0% of consolidated net sales
Net sales as percentage of consolidated net sales	2.70%	1.10%
Nuuly Operations \| Maximum
Segment Reporting Information [Line Items]
Percentage of net sales			1.00%
Net sales as percentage of consolidated net sales			1.00%

Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 284,222	$ 462,977
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	284,222	462,977
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	11,978	11,813
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	272,244	451,164
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	141,534	231,215
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	141,534	231,215
Fair Value, Measurements, Recurring \| Municipal and Pre-funded 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	69,741	188,334
Fair Value, Measurements, Recurring \| Municipal and Pre-funded 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	69,741	188,334
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	11,978	11,813
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	11,978	11,813
Fair Value, Measurements, Recurring \| Mutual Funds, Held in Rabbi Trust \| 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
Fair Value, Measurements, Recurring \| US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	23,552	20,137
Fair Value, Measurements, Recurring \| US Treasury Securities \| 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	23,552	20,137
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	21,636	10,884
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	21,636	10,884
Fair Value, Measurements, Recurring \| Federal Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	15,532	345
Fair Value, Measurements, Recurring \| Federal Government Agencies \| 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	15,532	345
Fair Value, Measurements, Recurring \| Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	249	249
Fair Value, Measurements, Recurring \| Certificates of Deposit \| 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	$ 249	$ 249