0000950170-24-039320 | 10-K | XBRL Viewer

Leases

12 Months Ended

Jan. 31, 2024

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 $264,091, $255,682 and $268,863 during fiscal 2024, 2023 and 2022, respectively. Total variable lease costs were $139,275, $136,201 and $109,525 during fiscal 2024, 2023 and 2022, respectively. Short-term lease costs and sublease income were not material during fiscal 2024, 2023 and 2022.

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:	2024			2023			2022
Operating cash flows from operating leases	$	299,351		$	296,619		$	303,577
Right-of-use assets obtained in exchange for new operating lease liabilities	$	206,397		$	189,744		$	112,572
Weighted-average remaining lease term - operating leases	6.4 years			6.3 years			6.0 years
Weighted-average discount rate - operating leases		6.0	%		5.8	%		5.8	%

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, 2024:


Fiscal Year	Operating Leases
2025	$	284,199
2026		248,442
2027		195,617
2028		156,531
2029		120,965
Thereafter		313,538
Total undiscounted future minimum lease payments		1,319,292
Less imputed interest		(240,794	)
Total discounted future minimum lease payments	$	1,078,498

As of January 31, 2024, the Company had commitments of approximately $84,659 not included in the amounts above related to 15 executed but not yet commenced store leases.

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 86 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 86 locations was approximately $13,609 for fiscal 2024.

During fiscal 2024, the Company committed to cease operations for two store locations but the lease has not been terminated, resulting in the right-of-use assets to be abandoned. When a lease right-of-use asset has been abandoned, the estimated useful life of the asset is updated to reflect the cease use date, and the remaining carrying value of the asset is amortized ratably over the period between the commitment date and the cease use date. During fiscal 2024, the Company recorded lease abandonment charges for two retail locations, totaling $8,231, with a remaining carrying value of $3,786 related to the right-of-use asset for one store location which will be expensed in the first quarter of fiscal 2025.

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income (Parenthetical) (Detail)	12 Months Ended
	Jan. 31, 2024 shares
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, granted	160,887

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Jan. 31, 2024

Payables and Accruals [Abstract]

Accrued Expenses And Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:


	January 31,
	2024		2023
Sales return reserves	$	80,512	$	70,147
Gift cards and merchandise credits		69,187		65,697
Accrued sales and VAT taxes		26,796		26,979
Accrued rents, estimated property taxes and other property expenses		36,619		38,049
Federal, state and foreign income taxes		9,815		6,878
Accrued construction		27,598		17,102
Current portion of low-income housing tax credit liability		10,507		—
Other current liabilities		130,476		97,725
Total	$	391,510	$	322,577

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023
Current assets:
Cash and cash equivalents	$ 178,321	$ 201,260
Marketable securities	286,744	181,378
Accounts receivable, net of allowance for doubtful accounts of $1,465 and $1,496, respectively	67,008	70,339
Inventory	550,242	587,510
Prepaid expenses and other current assets	200,188	197,232
Total current assets	1,282,503	1,237,719
Property and equipment, net	1,286,541	1,187,735
Operating lease right-of-use assets	920,396	959,436
Marketable securities	314,152	102,844
Deferred income taxes and other assets	307,617	195,178
Total Assets	4,111,209	3,682,912
Current liabilities:
Accounts payable	253,342	257,620
Current portion of operating lease liabilities	226,645	232,672
Accrued compensation and benefits	122,708	77,505
Accrued expenses and other current liabilities	391,510	322,577
Total current liabilities	994,205	890,374
Non-current portion of operating lease liabilities	851,853	884,696
Deferred rent and other liabilities	152,611	115,159
Total Liabilities	1,998,669	1,890,229
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, 92,787,522 and 92,180,709 shares issued and outstanding, respectively	9	9
Additional paid-in-capital	37,943	15,248
Retained earnings	2,113,735	1,826,061
Accumulated other comprehensive loss	(39,147)	(48,635)
Total Shareholders’ Equity	2,112,540	1,792,683
Total Liabilities and Shareholders’ Equity	$ 4,111,209	$ 3,682,912

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, 2021	$ 1,477,358	$ 10	$ 19,360	$ 1,475,108	$ (17,120)
Beginning 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
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
Comprehensive income	$ 297,162			287,674	9,488
Share-based compensation	30,508		30,508
Share-based awards	594		594
Share-based awards (in shares)		916,950
Share repurchases	(8,407)		(8,407)
Share repurchases (in shares)		(310,137)
Ending Balance at Jan. 31, 2024	$ 2,112,540	$ 9	$ 37,943	$ 2,113,735	$ (39,147)
Ending Balances (in shares) at Jan. 31, 2024	92,787,522	92,787,522

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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+ Details

Fair Value - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges	$ 6,404	$ 0	$ 0
Store impairment and lease abandonment charges	11,875	6,417	$ 0
Store impairment	3,644	$ 6,417
Nuuly Thrift marketplace[Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges	$ 6,404

Income Taxes

12 Months Ended

Jan. 31, 2024

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,
	2024		2023		2022
Domestic	$	378,265	$	217,894	$	389,059
Foreign		3,342		3,385		15,572
	$	381,607	$	221,279	$	404,631

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


	Fiscal Year Ended January 31,
	2024			2023			2022
Current:
Federal	$	46,714		$	49,695		$	75,533
State		19,422			12,950			18,972
Foreign		3,086			1,512			2,205
	$	69,222		$	64,157		$	96,710
Deferred:
Federal	$	24,141		$	(4,724	)	$	(4,151	)
State		(1,152	)		671			498
Foreign		1,722			1,476			958
		24,711			(2,577	)		(2,695	)
	$	93,933		$	61,580		$	94,015

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,
	2024			2023			2022
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		3.8			4.9			3.8
Foreign taxes		(0.2	)		0.3			(1.8	)
Nondeductible expenses		0.8			1.6			0.1
General business credits		(1.4	)		—			—
Other		0.6			—			0.1
Effective tax rate		24.6	%		27.8	%		23.2	%

The variance in percentages for the components of the effective tax rate are primarily due to the ratio of foreign taxable losses to global taxable profits and the favorable impact of general business credits in fiscal 2024.

The significant components of deferred tax assets and liabilities as of January 31, 2024 and 2023 are as follows:


	January 31,
	2024			2023
Deferred tax liabilities:
Prepaid expense	$	(2,776	)	$	(2,727	)
Depreciation		(80,196	)		(46,552	)
Operating lease right-of-use assets		(216,635	)		(224,099	)
Other temporary differences		(262	)		(353	)
Gross deferred tax liabilities		(299,869	)		(273,731	)
Deferred tax assets:
Operating lease liabilities		253,762			260,596
Deferred rent		13,721			15,296
Inventory		25,297			22,967
Accounts receivable		1,034			1,114
Net operating loss carryforwards		14,376			18,369
Tax uncertainties		1,811			1,430
Accrued salaries and benefits		31,534			24,084
Income tax credits		3,738			4,540
Other temporary differences		32,731			29,362
Gross deferred tax assets, before valuation allowances		378,004			377,758
Valuation allowances		(31,959	)		(33,087	)
Net deferred tax assets	$	46,176		$	70,940

Net deferred tax assets are attributed to the jurisdictions in which the Company operates. As of January 31, 2024 and 2023, respectively, $18,421 and $42,277 were attributable to U.S. federal, $19,637 and $18,458 were attributed to state jurisdictions and $8,118 and $10,205 were attributed to foreign jurisdictions.

As of January 31, 2024, certain non-U.S. subsidiaries of the Company had net operating loss carryforwards for tax purposes of approximately $50,700 that do not expire. Certain U.S. subsidiaries of the Company had state net operating loss carryforwards for tax purposes of approximately $23,767 that expire from 2024 through 2044 and approximately $12,482 that do not expire. Certain U.S. subsidiaries of the Company had state credit carryforwards for tax purposes of approximately $5,137 that expire from 2027 through 2029. As of January 31, 2024, 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, 2024, approximately $114,365 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 $406,470. 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	2024			2023			2022
Balance at the beginning of the period	$	18,734		$	18,945		$	22,259
Increases in tax positions for prior years		54			1,055			28
Decreases in tax positions for prior years		(26	)		(974	)		(3,178	)
Increases in tax positions for current year		332			147			249
Settlements		(117	)		(177	)		—
Lapse in statute of limitations		(315	)		(262	)		(413	)
Balance at the end of the period	$	18,662		$	18,734		$	18,945

The total amount of net unrecognized tax benefits that, if recognized, would impact the Company’s effective tax rate were $23,066 and $21,890 as of January 31, 2024 and 2023, 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, 2024, 2023 and 2022, the Company recognized expense of $1,629, $1,145 and $630, respectively, related to interest and penalties. The Company accrued $6,214 and $4,586 for the payment of interest and penalties as of January 31, 2024 and 2023, 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 $17,623.

Tax Credit Investment

On February 10, 2023, the Company committed $100,000 to purchase an equity 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. The present value of such payments was $62,120 and was recorded as an increase to the initial tax credit investment asset and liability. In exchange for the total payments of $100,000, the Company expects to realize a comparable amount of tax credits and other tax benefits that will reduce its future federal income tax payments. Although the investment vehicle is considered a variable interest entity, the Company is not the primary beneficiary, and therefore, the investment is not consolidated. The Company has elected to use the practical expedient method of amortization, which approximates the proportional amortization method, to amortize the investment to income tax expense in proportion to the tax credits received over an estimated 10-year tax credit period beginning in the first quarter of fiscal 2024. During the year ended January 31, 2024, interest expense related to the accretion of the liability was $6,190 and a net benefit of $6,669 was included in "Income tax expense" in the Consolidated Statements of Income. The carrying value of the investment is recorded in "Deferred income taxes and other assets" in the Consolidated Balance Sheets. The liabilities for the present value of the estimated future capital contributions are recorded in "Accrued expenses and other current liabilities" and "Deferred rent and other liabilities" in the Consolidated Balance Sheets. The following table summarizes the balances related to the investment at January 31, 2024:


	January 31,
	2024
Deferred income taxes and other assets	$	66,214
Accrued expenses and other current liabilities		10,507
Deferred rent and other liabilities		47,293

- 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
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Share-Based Compensation - Summary of Restricted Stock Unit's Activity (Detail) - $ / shares	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Weighted average fair value	$ 26.96	$ 25.38	$ 38.15
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested awards outstanding at beginning of year, Shares	2,553,399
Granted, Shares	971,135
Vested, Shares	(760,702)
Forfeited, Shares	(93,852)
Non-vested awards outstanding at end of year, Shares	2,669,980	2,553,399
Non-vested awards outstanding at beginning of year, Weighted average fair value	$ 29.82
Granted, Weighted average fair value	27.42	$ 25.01	37.3
Vested, Weighted average fair value	31.11	30.48	$ 29.66
Forfeited, Weighted average fair value	29.21
Non-vested awards outstanding at end of year, Weighted average fair value	$ 28.58	$ 29.82

Share-Based Compensation - Summary of Stock Option Activity (Detail) - Employee Stock Option - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding at beginning of year, Shares	245,000
Exercised, Shares	(25,000)
Forfeited or Expired, Shares	(80,000)
Awards outstanding at end of year, Shares	140,000	245,000
Awards outstanding fully vested and expected to vest, Shares	140,000
Awards exercisable at end of year, Shares	140,000
Awards outstanding at beginning of year, Weighted Average Exercise Price	$ 31.11
Exercised, Weighted Average Exercise Price	23.74
Forfeited or Expired, Weighted Average Exercise Price	37.45
Awards outstanding at end of year, Weighted Average Exercise Price	28.81	$ 31.11
Awards outstanding fully vested and expected to vest, Weighted Average Exercise Price	28.81
Awards exercisable at end of year, Weighted Average Exercise Price	$ 28.81
Awards outstanding at end of year, Weighted Average Remaining Contractual Term (years)	1 year 6 months	1 year 7 months 6 days
Awards outstanding fully vested and expected to vest, Weighted Average Remaining Contractual Term (years)	1 year 6 months
Awards exercisable at end of year, Weighted Average Remaining Contractual Term (years)	1 year 6 months
Awards outstanding, Aggregate Intrinsic Value	$ 1,623	$ 653
Awards outstanding fully vested and expected to vest, Aggregate Intrinsic Value	1,623
Awards exercisable at end of year, Aggregate Intrinsic Value	$ 1,623

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jan. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Payables and Accruals [Abstract]
Sales return reserves	$ 80,512	$ 70,147	$ 69,817
Gift cards and merchandise credits	69,187	65,697
Accrued sales and VAT taxes	26,796	26,979
Accrued rents, estimated property taxes and other property expenses	36,619	38,049
Federal, state and foreign income taxes	9,815	6,878
Accrued construction	27,598	17,102
Current portion of low-income housing tax credit liability	10,507	0
Other current liabilities	130,476	97,725
Total	$ 391,510	$ 322,577

Leases - Additional Information - (Detail) $ in Thousands	12 Months Ended
Leases - Additional Information - (Detail) $ in Thousands	Jan. 31, 2024 USD ($) RetailLocation Store	Jan. 31, 2023 USD ($)	Jan. 31, 2022 USD ($)
Operating lease costs	$ 264,091	$ 255,682	$ 268,863
Variable lease cost	139,275	136,201	$ 109,525
Lease commitments for executed but not yet commenced leases	$ 84,659
Number of lease commitment not yet commenced \| Store	15
Number of retail locations \| RetailLocation	86
Total rent expense	$ 13,609
Lease Abandonment Charges ,Totaling	8,231
Operating lease right-of-use assets	920,396	$ 959,436
Abandonment [Member]
Operating lease right-of-use assets	$ 3,786

Shareholders' Equity (Tables)

12 Months Ended

Jan. 31, 2024

Equity [Abstract]

Share Repurchase Activity

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


	Fiscal Year Ended January 31,
	2024		2023
Number of common shares repurchased and subsequently retired		—		4,736,405
Total cost	$	—	$	112,016
Average cost per share, including commissions	$	—	$	23.65

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2024

Summary of Significant Accounting Policies [Abstract]

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 2024 ended on January 31, 2024.

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, 2024 and 2023, 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, 2024 and January 31, 2023 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 income (loss)” 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. The activity of the allowance for doubtful accounts for the years ended January 31, 2024, 2023 and 2022 was as follows:


	Balance at beginning of year		Additions		Deductions			Balance at end of year
Year ended January 31, 2024	$	1,496		3,913		(3,944	)	$	1,465
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

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 majority of inventory at January 31, 2024 and 2023 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 over the subscription period 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. Purchases of rental product were $150,668, $103,260, and $37,315 for fiscal 2024, 2023 and 2022, respectively.

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 2024, the Company recorded impairment charges for 15 locations, totaling $3,644, with a carrying value after impairment of $41,046 related to the right-of-use assets. During fiscal 2023, the Company recorded impairment charges for 19 locations, totaling $6,417, with a carrying value after impairment of $48,970 related to the right-of-use assets. Additionally, during

fiscal 2024 the Company recorded an asset impairment charge of $6,404 related to the write-off of "Property and Equipment, net" of the Nuuly Thrift marketplace.

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 generally have initial lease terms that range from 5 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.

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. 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.

Subscription Fees: Revenue for Nuuly Rent is primarily generated through monthly subscription fees. The monthly subscription rental fee is recognized over the monthly period over which the customer's monthly subscription fee pertains. The subscription automatically renews on a monthly basis until cancelled or paused by the customer 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 sales return 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. As of January 31, 2024, 2023 and 2022, the sales return reserve was $80,512, $70,147 and $69,817, 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, depreciation, common area maintenance costs and real estate taxes; 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 $1,384 and $1,740 as of January 31, 2024, and 2023, respectively, and are included in “Prepaid expenses and other current assets” in the Consolidated Balance Sheets. Advertising expenses were $322,252, $279,174 and $254,073 for fiscal 2024, 2023 and 2022, respectively. In addition, the Company incurred web creative expenses of $79,684, $65,474 and $59,746 for fiscal 2024, 2023 and 2022, 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 2024, 2023 and 2022, 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 $38,376 and $42,824 as of January 31, 2024 and January 31, 2023, respectively, and unrealized losses, net of tax, on marketable securities of $771 and $5,811 as of January 31, 2024 and January 31, 2023, respectively. The tax effect of the unrealized gains (losses) on marketable securities recorded in comprehensive income was $49, $1,054 and ($1,249) during fiscal 2024, 2023 and 2022, 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 2024, 2023 and 2022 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 duration. 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

In December 2023, the Financial Accounting Standards Board ("FASB") issued an accounting standards update which includes amendments that further enhance income tax disclosures. The update requires disaggregated information about an entity's effective tax rate reconciliation and income taxes paid by jurisdiction, among other changes. The update will be effective for the Company in its annual consolidated financial statements for the fiscal year ending January 31, 2026, with early adoption permitted, and can be applied prospectively or retrospectively. The Company is currently assessing this update and the additional disclosures that will be required within the notes to its consolidated financial statements.

In November 2023, the FASB issued an accounting standards update that introduces additional segment disclosure requirements. The update requires entities to quantitatively disclose significant segment expenses that are regularly provided to the chief operating decision maker for each reportable segment as well as an amount for other segment items for each reportable segment and a description of their composition. Entities are also required to disclose how reported measures of segment profit or loss are used in assessing segment performance and deciding how to allocate resources. The update will be effective for the Company in its annual consolidated financial statements for the fiscal year ending January 31, 2025, and interim periods thereafter. The Company is currently assessing this update and expects adoption of this update to result in additional disclosures in the notes to its consolidated financial statements. The update will be applied retrospectively to all prior periods presented.

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract receivables, net of allowance for doubtful accounts	$ 67,008	$ 70,339	$ 63,760
Gift cards expected redemption period	2 years
Contract liabilities	$ 91,408	82,867	$ 78,717
Revenue recognized included in contract liability	$ 37,751	$ 36,850

Net Income per Common Share - Additional Information (Detail) - $ / shares	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	60,000	182,500	165,000
Anti-dilutive common shares exercise price, minimum	$ 28.47	$ 23.74	$ 35.85
Anti-dilutive common shares exercise price, maximum	$ 46.42	$ 46.42	$ 46.42
Performance Stock Units (PSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	272,554	167,500

Commitments and Contingencies

12 Months Ended

Jan. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

15. Commitments and Contingencies

Purchase Commitments

As of January 31, 2024, 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 $782,926. 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, 2024, the Company had

outstanding trade letters of credit of $61,805. As of January 31, 2024, the Company also has commitments related to construction and distribution equipment contracts that are fully satisfied upon the completion of construction or installation of $18,488, all of which is due within one year. Construction and distribution equipment contracts include $14,269 related to the Nuuly fulfillment center in Raymore, Missouri.

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 $8,688, $7,890 and $7,406 for fiscal years 2024, 2023 and 2022, 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 $123, $92 and $47 during fiscal years 2024, 2023 and 2022, respectively. The NQDC obligation was $15,068 and $11,978 as of January 31, 2024 and 2023, respectively. The Company has purchased investments to fund the NQDC obligation. The investments had an aggregate market value of $15,068 and $11,978 as of January 31, 2024 and 2023, 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 - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Related Party Transactions [Abstract]
Fees paid	$ 1,127	$ 1,027
Fees due	$ 174

Nature of Business

12 Months Ended

Jan. 31, 2024

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 and subscription business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. As of January 31, 2024 and 2023, the Company operated 706 and 700 stores, respectively. Stores located in the United States totaled 580 as of January 31, 2024 and 575 as of January 31, 2023. Operations in Europe and Canada included 97 stores and 29 stores as of January 31, 2024, respectively, and 94 stores and 31 stores as of January 31, 2023, 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 is a monthly women’s apparel subscription rental service.

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2024 USD ($) $ / $	Jan. 31, 2023 USD ($)	Jan. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Line Items]
Commitments for un-fulfilled purchase orders	$ 782,926
Commitments with construction and distribution equipment contractors	18,488
Commitments with construction and distribution equipment contractors due with in one year	$ 14,269
U.S. based employees age limit to participate in 401(k) Saving Plan	18 years
Employer matching contribution per employee \| $ / $	0.5
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	$ 8,688	$ 7,890	$ 7,406
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	$ 123	92	$ 47
Deferred compensation obligation	15,068	11,978
Aggregate market value of investments	$ 15,068	$ 11,978
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%
Trade Letter of credit
Commitments and Contingencies Disclosure [Line Items]
Letter of credit outstanding	$ 61,805

Nature of Business - Additional Information (Detail) - Store	Jan. 31, 2024	Jan. 31, 2023
Nature Of Business [Line Items]
Number of stores for operations	706	700
United States
Nature Of Business [Line Items]
Number of stores for operations	580	575
Europe
Nature Of Business [Line Items]
Number of stores for operations	97	94
Canada
Nature Of Business [Line Items]
Number of stores for operations	29	31

Leases - Schedule by Year of Maturities of Operating Leases Liabilities with Original Terms in Excess of One Year (Detail) $ in Thousands	Jan. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 284,199
2026	248,442
2027	195,617
2028	156,531
2029	120,965
Thereafter	313,538
Total undiscounted future minimum lease payments	1,319,292
Less imputed interest	(240,794)
Total discounted future minimum lease payments	$ 1,078,498

Marketable Securities - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2024 USD ($) Security	Jan. 31, 2023 USD ($) Security	Jan. 31, 2022 USD ($)
Schedule of Available-for-sale Securities [Line Items]
Sales and maturities of marketable securities	$ 347,366	$ 276,650	$ 280,701
Amortization of discounts and premiums, net	$ 4,338	$ 4,512	6,614
Total number of securities with unrealized loss positions within the Company's portfolio \| Security	267	262
Interest income
Schedule of Available-for-sale Securities [Line Items]
Net realized gain (loss)	$ 4	$ 1,465	$ 11

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

+ Details

Leases - Other Information Related to Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ 299,351	$ 296,619	$ 303,577
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 206,397	$ 189,744	$ 112,572
Weighted-average remaining lease term - operating leases	6 years 4 months 24 days	6 years 3 months 18 days	6 years
Weighted-average discount rate - operating leases	6.00%	5.80%	5.80%

Net Income Per Common Share

12 Months Ended

Jan. 31, 2024

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,
	2024		2023		2022
Basic weighted-average common shares outstanding		92,697,751		93,199,874		98,022,583
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		1,630,034		944,188		1,246,122
Diluted weighted-average shares outstanding		94,327,785		94,144,062		99,268,705

For the fiscal years ended January 31, 2024, 2023 and 2022, awards to purchase 60,000 common shares ranging in price from $28.47 to $46.42, awards to purchase 182,500 common shares ranging in price from $23.74 to $46.42 and awards to purchase 165,000 common shares ranging in price from $35.85 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, 2024 and 2023, 272,554 and 167,500 contingently issuable awards, respectively, were excluded from the calculation of diluted net income per common share as they did not meet certain performance criteria.

Share-Based Compensation - 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, 2024	Jan. 31, 2023	Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 30,508	$ 29,449	$ 25,741
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	5,013	4,978	4,067
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 25,495	$ 24,471	$ 21,674

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Cash flows from operating activities:
Net income	$ 287,674	$ 159,699	$ 310,616
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	102,487	102,339	105,672
Non-cash lease expense	202,265	193,863	193,032
Provision (benefit) for deferred income taxes	24,711	(2,577)	(2,695)
Share-based compensation expense	30,508	29,449	25,741
Amortization of tax credit investment	15,906	0	0
Store impairment and lease abandonment charges	11,875	6,417	0
Asset impairment	6,404	0	0
Loss on disposition of property and equipment, net	309	982	1
Changes in assets and liabilities:
Receivables	3,708	(7,103)	26,029
Inventory	38,785	(22,286)	(181,898)
Prepaid expenses and other assets	(53,532)	(31,257)	(10,209)
Payables, accrued expenses and other liabilities	74,185	(49,593)	124,840
Operating lease liabilities	(235,874)	(237,204)	(231,810)
Net cash provided by operating activities	509,411	142,729	359,319
Cash flows from investing activities:
Cash paid for property and equipment	(199,625)	(199,513)	(262,429)
Cash paid for marketable securities	(649,389)	(109,148)	(505,936)
Sales and maturities of marketable securities	347,366	276,650	280,701
Initial cash payment for tax credit investment	(20,000)	0	0
Net cash used in investing activities	(521,648)	(32,011)	(487,664)
Cash flows from financing activities:
Proceeds from the exercise of share-based awards	594	376	3,290
Share repurchases related to share repurchase program	0	(112,016)	(55,765)
Share repurchases related to taxes for share-based awards	(8,407)	(6,760)	(7,790)
Tax credit investment liability payments	(4,319)	0	0
Net cash used in financing activities	(12,132)	(118,400)	(60,265)
Effect of exchange rate changes on cash and cash equivalents	1,430	2,367	(450)
Decrease in cash and cash equivalents	(22,939)	(5,315)	(189,060)
Cash and cash equivalents at beginning of period	201,260	206,575	395,635
Cash and cash equivalents at end of period	178,321	201,260	206,575
Cash paid during the year for:
Income taxes	55,164	50,759	111,632
Non-cash investing activities—Accrued capital expenditures	27,559	17,075	57,255
Non-cash investing activities-Accrued tax credit investment installments	$ 62,120	$ 0	$ 0

Marketable Securities - Gross Unrealized Losses and Fair Value of Marketable Securities (Detail) - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	$ 239,343	$ 61,489
Less Than 12 Months, Unrealized Losses	(559)	(1,571)
12 Months or Greater, Fair Value	75,293	182,208
12 Months or Greater, Unrealized Losses	(1,504)	(5,974)
Total, Fair Value	314,636	243,697
Total, Unrealized Losses	(2,063)	(7,545)
Municipal And Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	24,070	2,849
Less Than 12 Months, Unrealized Losses	(48)	(90)
12 Months or Greater, Fair Value	21,613	64,079
12 Months or Greater, Unrealized Losses	(401)	(1,752)
Total, Fair Value	45,683	66,928
Total, Unrealized Losses	(449)	(1,842)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	104,563	23,569
Less Than 12 Months, Unrealized Losses	(168)	(51)
12 Months or Greater, Fair Value	53,680	116,136
12 Months or Greater, Unrealized Losses	(1,103)	(4,215)
Total, Fair Value	158,243	139,705
Total, Unrealized Losses	(1,271)	(4,266)
US Treasury Securities
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	35,135	14,221
Less Than 12 Months, Unrealized Losses	(62)	(3)
12 Months or Greater, Fair Value	0	1,993
12 Months or Greater, Unrealized Losses	0	(7)
Total, Fair Value	35,135	16,214
Total, Unrealized Losses	(62)	(10)
Mutual Funds, Held in Rabbi Trust
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	1,059	11,333
Less Than 12 Months, Unrealized Losses	(93)	(1,424)
12 Months or Greater, Fair Value	0	0
12 Months or Greater, Unrealized Losses	0	0
Total, Fair Value	1,059	11,333
Total, Unrealized Losses	(93)	(1,424)
Federal Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	74,516	9,517
Less Than 12 Months, Unrealized Losses	(188)	(3)
12 Months or Greater, Fair Value	0	0
12 Months or Greater, Unrealized Losses	0	0
Total, Fair Value	74,516	9,517
Total, Unrealized Losses	$ (188)	$ (3)

Segment Reporting - Additional Information (Detail)	12 Months Ended
Segment Reporting - Additional Information (Detail)	Jan. 31, 2024 Restaurant Segment Customer Store	Jan. 31, 2023 Store	Jan. 31, 2022
Segment Reporting Information [Line Items]
Number of reporting segments \| Segment	3
Number of stores	706	700
Segment net sales description	Our Nuuly segment net sales accounted for approximately 4.6%, 2.7%, and 1.1% of consolidated net sales
Number of major customers exceeding ten percentage thresholds \| Customer	0
Free People
Segment Reporting Information [Line Items]
Number of stores	38
Retail Operations
Segment Reporting Information [Line Items]
Number of restaurants \| Restaurant	9
Net sales as percentage of consolidated net sales	90.80%	92.10%	93.40%
Retail Operations \| Urban Outfitters
Segment Reporting Information [Line Items]
Number of stores	262
Number of franchisee-owned stores	7
Retail Operations \| Anthropologie Group
Segment Reporting Information [Line Items]
Number of stores	237
Number of franchisee-owned stores	2
Retail Operations \| Free People
Segment Reporting Information [Line Items]
Number of stores	198
Wholesale Operations
Segment Reporting Information [Line Items]
Net sales as percentage of consolidated net sales	4.60%	5.20%	5.50%
Nuuly Operations
Segment Reporting Information [Line Items]
Net sales as percentage of consolidated net sales	4.60%	2.70%	1.10%

Differences Between the Statutory U.S. Federal Income Tax Rate and the Company's Effective Tax Rate (Detail)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
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	3.80%	4.90%	3.80%
Foreign taxes	(0.20%)	0.30%	(1.80%)
Federal tax credits	(1.40%)	0.00%	0.00%
Nondeductible expenses	0.80%	1.60%	0.10%
Other	0.60%	(0.00%)	0.10%
Effective tax rate	24.60%	27.80%	23.20%

Segment Reporting - Schedule of Net Sales and Percentage of Net Sales by Merchandise Category (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 5,153,237	$ 4,795,244	$ 4,548,763
Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 4,678,698	$ 4,415,358	$ 4,248,681
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	$ 238,680	$ 250,249	$ 252,358
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	$ 235,859	$ 129,637	$ 47,724
Apparel \| Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 3,079,496	$ 2,808,638	$ 2,671,841
Total net sales, percentage	66.00%	63.00%	63.00%
Apparel \| Wholesale Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 219,231	$ 229,282	$ 241,060
Total net sales, percentage	92.00%	92.00%	96.00%
Home \| Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 763,713	$ 830,199	$ 852,379
Total net sales, percentage	16.00%	19.00%	20.00%
Accessories \| Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 603,495	$ 559,524	$ 532,877
Total net sales, percentage	13.00%	13.00%	12.00%
Accessories \| Wholesale Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 17,671	$ 20,238	$ 10,460
Total net sales, percentage	7.00%	8.00%	4.00%
Other \| Retail Operations [Member]
Entity Wide Information Revenue From External Customer [Line Items]
Total net sales	$ 231,994	$ 216,997	$ 191,584
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	$ 1,778	$ 729	$ 838
Total net sales, percentage	1.00%	0.00%	0.00%

Components of Income (Loss) before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Domestic	$ 378,265	$ 217,894	$ 389,059
Foreign	3,342	3,385	15,572
Income before income taxes	$ 381,607	$ 221,279	$ 404,631

- 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
-Topic 944
-SubTopic 220
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+ Details

Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2024

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

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, 2024	$	1,496		3,913		(3,944	)	$	1,465
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

Inventory

Property and Equipment

Rental Product

Impairment of Long-lived Assets

fiscal 2024 the Company recorded an asset impairment charge of $6,404 related to the write-off of "Property and Equipment, net" of the Nuuly Thrift marketplace.

Leases

Revenue Recognition

Sales Return Reserve

Cost of Sales

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

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2024

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,
	2024		2023		2022
Domestic	$	378,265	$	217,894	$	389,059
Foreign		3,342		3,385		15,572
	$	381,607	$	221,279	$	404,631

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,
	2024			2023			2022
Current:
Federal	$	46,714		$	49,695		$	75,533
State		19,422			12,950			18,972
Foreign		3,086			1,512			2,205
	$	69,222		$	64,157		$	96,710
Deferred:
Federal	$	24,141		$	(4,724	)	$	(4,151	)
State		(1,152	)		671			498
Foreign		1,722			1,476			958
		24,711			(2,577	)		(2,695	)
	$	93,933		$	61,580		$	94,015

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,
	2024			2023			2022
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		3.8			4.9			3.8
Foreign taxes		(0.2	)		0.3			(1.8	)
Nondeductible expenses		0.8			1.6			0.1
General business credits		(1.4	)		—			—
Other		0.6			—			0.1
Effective tax rate		24.6	%		27.8	%		23.2	%

Significant Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities as of January 31, 2024 and 2023 are as follows:


	January 31,
	2024			2023
Deferred tax liabilities:
Prepaid expense	$	(2,776	)	$	(2,727	)
Depreciation		(80,196	)		(46,552	)
Operating lease right-of-use assets		(216,635	)		(224,099	)
Other temporary differences		(262	)		(353	)
Gross deferred tax liabilities		(299,869	)		(273,731	)
Deferred tax assets:
Operating lease liabilities		253,762			260,596
Deferred rent		13,721			15,296
Inventory		25,297			22,967
Accounts receivable		1,034			1,114
Net operating loss carryforwards		14,376			18,369
Tax uncertainties		1,811			1,430
Accrued salaries and benefits		31,534			24,084
Income tax credits		3,738			4,540
Other temporary differences		32,731			29,362
Gross deferred tax assets, before valuation allowances		378,004			377,758
Valuation allowances		(31,959	)		(33,087	)
Net deferred tax assets	$	46,176		$	70,940

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	2024			2023			2022
Balance at the beginning of the period	$	18,734		$	18,945		$	22,259
Increases in tax positions for prior years		54			1,055			28
Decreases in tax positions for prior years		(26	)		(974	)		(3,178	)
Increases in tax positions for current year		332			147			249
Settlements		(117	)		(177	)		—
Lapse in statute of limitations		(315	)		(262	)		(413	)
Balance at the end of the period	$	18,662		$	18,734		$	18,945

Investment [Table Text Block]

The following table summarizes the balances related to the investment at January 31, 2024:


	January 31,
	2024
Deferred income taxes and other assets	$	66,214
Accrued expenses and other current liabilities		10,507
Deferred rent and other liabilities		47,293

Property and Equipment (Tables)

12 Months Ended

Jan. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment is summarized as follows:


	January 31,
	2024			2023
Land	$	55,536		$	55,229
Buildings		633,850			467,703
Furniture and fixtures		430,688			419,712
Leasehold improvements		874,643			846,153
Other operating equipment		674,258			460,531
Construction-in-progress		96,157			358,787
		2,765,132			2,608,115
Accumulated depreciation		(1,478,591	)		(1,420,380	)
Total	$	1,286,541		$	1,187,735

Leases (Tables)

12 Months Ended

Jan. 31, 2024

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:	2024			2023			2022
Operating cash flows from operating leases	$	299,351		$	296,619		$	303,577
Right-of-use assets obtained in exchange for new operating lease liabilities	$	206,397		$	189,744		$	112,572
Weighted-average remaining lease term - operating leases	6.4 years			6.3 years			6.0 years
Weighted-average discount rate - operating leases		6.0	%		5.8	%		5.8	%

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, 2024:


Fiscal Year	Operating Leases
2025	$	284,199
2026		248,442
2027		195,617
2028		156,531
2029		120,965
Thereafter		313,538
Total undiscounted future minimum lease payments		1,319,292
Less imputed interest		(240,794	)
Total discounted future minimum lease payments	$	1,078,498

Debt

12 Months Ended

Jan. 31, 2024

Debt Disclosure [Abstract]

Debt

8. Debt

On February 10, 2023, the Company and certain of its subsidiaries entered into the fourth amendment (the "Fourth Amendment") to the Company's amended and restated credit agreement (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 "Amended Credit Facility"). The Fourth Amendment permits the Company to purchase an equity membership interest in a federal low-income housing tax credit entity. See Note 10, "Income Taxes," for further discussion of the investment.

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 under the Amended Credit Facility may be used for working capital and other general corporate purposes. The Amended Credit Facility matures in June 2027.

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, 2024, the Company had $0 in borrowings under the Amended Credit Facility. As of January 31, 2024, 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 $13,566. Interest expense for the Amended Credit Facility was $971, $998, and $1,046 for the years ended January 31, 2024, 2023, and 2022, respectively, which was included in “Interest expense,” in the Consolidated Statements of Income.

- 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://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Reconciliation of Beginning and Ending Balances of Total Amounts of Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Balance at the beginning of the period	$ 18,734	$ 18,945	$ 22,259
Increases in tax positions for prior years	54	1,055	28
Decreases in tax positions for prior years	(26)	(974)	(3,178)
Increases in tax positions for current year	332	147	249
Settlements	(117)	(177)
Lapse in statute of limitations	(315)	(262)	(413)
Balance at the end of the period	$ 18,662	$ 18,734	$ 18,945

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 287,674	$ 159,699	$ 310,616
Other comprehensive income (loss):
Foreign currency translation	4,448	(20,620)	(5,254)
ChChange in unrealized gains (losses) on marketable securities, net of tax	5,040	(3,185)	(2,456)
Total other comprehensive income (loss)	9,488	(23,805)	(7,710)
Comprehensive income	$ 297,162	$ 135,894	$ 302,906

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Section S99
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-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section S99
-Paragraph 1B
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
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-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 34: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Significant Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023
Income Tax Disclosure [Abstract]
Prepaid expense	$ (2,776)	$ (2,727)
Depreciation	(80,196)	(46,552)
Operating lease right-of-use assets	(216,635)	(224,099)
Other temporary differences	(262)	(353)
Gross deferred tax liabilities	(299,869)	(273,731)
Operating lease liabilities	253,762	260,596
Deferred rent	13,721	15,296
Inventory	25,297	22,967
Accounts receivable	1,034	1,114
Net operating loss carryforwards	14,376	18,369
Tax uncertainties	1,811	1,430
Accrued salaries and benefits	31,534	24,084
Income tax credits	3,738	4,540
Other temporary differences	32,731	29,362
Gross deferred tax assets, before valuation allowances	378,004	377,758
Valuation allowances	(31,959)	(33,087)
Net deferred tax assets	$ 46,176	$ 70,940

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2024 USD ($) Location	Jan. 31, 2023 USD ($) Store	Jan. 31, 2022 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Purchases of rental product	$ 150,668	$ 103,260	$ 37,315
Number of retail locations	15	19
Impairment charges	$ 6,404	$ 0	0
Store impairment	3,644	6,417
Operating lease right-of-use assets	$ 920,396	959,436
Lessee, operating lease, description	Store leases generally have initial lease terms that range from 5 to 15 years
Lessee, operating lease, existence of option to extend	true
Lessee, operating lease, option to extend	one or two 5-year periods
Sales return reserve	$ 80,512	70,147	69,817
Foreign currency translation losses	4,448	(20,620)	(5,254)
Accumulated Other Comprehensive Income (Loss)
Summary Of Significant Accounting Policies [Line Items]
Foreign currency translation losses	38,376	42,824
Unrealized gains (losses) on marketable securities, net of tax	(771)	(5,811)
Change in unrealized gains (losses) on marketable securities, tax	49	1,054	(1,249)
Selling, General and Administrative Expenses
Summary Of Significant Accounting Policies [Line Items]
Advertising expense	322,252	279,174	254,073
Web creative expenses	79,684	65,474	$ 59,746
Prepaid Expense and Other Current Assets
Summary Of Significant Accounting Policies [Line Items]
Advertising costs reported as prepaid expenses	1,384	1,740
Impairment [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease right-of-use assets	$ 41,046	$ 48,970
Minimum
Summary Of Significant Accounting Policies [Line Items]
Lessee, operating lease, term of contract	5 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Lessee, operating lease, term of contract	15 years
Property and Equipment
Summary Of Significant Accounting Policies [Line Items]
Impairment charges	$ 6,404
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

Fair Value (Tables)

12 Months Ended

Jan. 31, 2024

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, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	270,539	$	—	$	270,539
Federal government agencies		—		134,413		—		134,413
Municipal and pre-refunded municipal bonds		—		86,878		—		86,878
US Treasury securities		—		61,942		—		61,942
Certificates of deposit		—		21,499		—		21,499
Mutual funds, held in rabbi trust		15,068		—		—		15,068
Commercial paper		—		10,557		—		10,557
	$	15,068	$	585,828	$	—	$	600,896


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

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2024

Summary of Significant Accounting Policies [Abstract]

Schedule of Activity of Allowance for Doubtful Accounts

The activity of the allowance for doubtful accounts for the years ended January 31, 2024, 2023 and 2022 was as follows:


	Balance at beginning of year		Additions		Deductions			Balance at end of year
Year ended January 31, 2024	$	1,496		3,913		(3,944	)	$	1,465
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

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 287,674	$ 159,699	$ 310,616

- Definition

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

+ References

+ Details

Income Taxes - Additional Information (Detail) - USD ($)		12 Months Ended
	Feb. 10, 2023	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Income Taxes [Line Items]
Net deferred tax assets		$ 46,176,000	$ 70,940,000
Valuation allowance for certain other foreign and state net operating loss carryforwards		0
Cash and cash equivalents		178,321,000	201,260,000
Unrecognized tax benefit that, if recognized, would impact the effective tax rate		23,066,000	21,890,000
Recognized (benefit)/expense in interest and penalties		1,629,000	1,145,000	$ 630,000
Accrued amounts for payment of interest and penalties		6,214,000	4,586,000
Unrecognized tax benefits, lower bound		0
Unrecognized tax benefits, upper bound				17,623,000
Income Tax Expense (Benefit)		93,933,000	61,580,000	$ 94,015,000
Investment Tax Credit		62,120,000
Total payment		100,000,000
U.S. Affordable Housing Real Estate Partnership
Income Taxes [Line Items]
Committed to invest in realestate	$ 100,000,000
initial payment	$ 20,000,000
Income Tax Examination, Interest Expense		6,190,000
Income Tax Expense (Benefit)		6,669,000
Investment period	5 years
U.S. Federal
Income Taxes [Line Items]
Net deferred tax assets		18,421,000	42,277,000
Net operating loss carryforwards, do not expire		12,482,000
Net operating loss carryforwards		$ 23,767,000
Tax credit carryforwards			5,137,000
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		2044
Tax credit expiration date		2029
State and Local Jurisdiction
Income Taxes [Line Items]
Net deferred tax assets		$ 19,637,000	18,458,000
Foreign Jurisdictions
Income Taxes [Line Items]
Net deferred tax assets		8,118,000	$ 10,205,000
Net operating loss carryforwards, expire 2019 through 2029		50,700,000
Cash and cash equivalents		114,365,000
Accumulated undistributed earning		$ 406,470,000

Marketable Securities (Tables)

12 Months Ended

Jan. 31, 2024

Investments, Debt and Equity Securities [Abstract]

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

The amortized cost, gross unrealized gains (losses) and fair values of available-for-sale securities by major security type and class of security as of January 31, 2024 and 2023 are as follows:


	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Fair Value
As of January 31, 2024
Short-term Investments:
Corporate bonds	$	123,418	$	27	$	(883	)	$	122,562
Federal government agencies		68,730		35		(94	)		68,671
Municipal and pre-refunded municipal bonds		47,915		9		(414	)		47,510
US Treasury securities		27,231		—		(36	)		27,195
Certificates of deposit		10,249		—		—			10,249
Commercial paper		10,557		—		—			10,557
		288,100		71		(1,427	)		286,744
Long-term Investments:
Corporate bonds	$	147,924	$	441	$	(388	)	$	147,977
Federal government agencies		65,698		138		(94	)		65,742
Municipal and pre-refunded municipal bonds		39,243		160		(35	)		39,368
US Treasury securities		34,604		169		(26	)		34,747
Certificates of deposit		11,250		—		—			11,250
Mutual funds, held in rabbi trust		13,817		1,344		(93	)		15,068
		312,536		2,252		(636	)		314,152
	$	600,636	$	2,323	$	(2,063	)	$	600,896

As of January 31, 2023
Short-term Investments:
Corporate bonds	$	83,184	$	—	$	(947	)	$	82,237
Federal government agencies		6,501		—		(1	)		6,500
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
		183,023		1		(1,646	)		181,378
Long-term Investments:
Corporate bonds	$	62,594	$	22	$	(3,319	)	$	59,297
Federal government agencies		9,021		13		(2	)		9,032
Municipal and pre-refunded municipal bonds		23,437		5		(1,154	)		22,288
Certificates of deposit		249		—		—			249
Mutual funds, held in rabbi trust		13,402		—		(1,424	)		11,978
		108,703		40		(5,899	)		102,844
	$	291,726	$	41	$	(7,545	)	$	284,222

Gross Unrealized Losses and Fair Value of Marketable Securities

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, 2024 and 2023, respectively.


	January 31, 2024
	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	$	104,563	$	(168	)	$	53,680	$	(1,103	)	$	158,243	$	(1,271	)
Federal government agencies		74,516		(188	)		—		—			74,516		(188	)
Municipal and pre-refunded municipal bonds		24,070		(48	)		21,613		(401	)		45,683		(449	)
US Treasury securities		35,135		(62	)		—		—			35,135		(62	)
Mutual funds, held in rabbi trust		1,059		(93	)		—		—			1,059		(93	)
Total	$	239,343	$	(559	)	$	75,293	$	(1,504	)	$	314,636	$	(2,063	)


	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	)
Federal government agencies		9,517		(3	)		—		—			9,517		(3	)
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	)
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	)

Shareholders' Equity

12 Months Ended

Jan. 31, 2024

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,
	2024		2023
Number of common shares repurchased and subsequently retired		—		4,736,405
Total cost	$	—	$	112,016
Average cost per share, including commissions	$	—	$	23.65

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, 2024, 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, 2024 and 2023, the Company acquired and subsequently retired 310,137 and 248,812 common shares at a total cost of $8,407 and $6,760, respectively, from employees to meet payroll tax withholding requirements.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Topic 505
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Topic 505
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Share-Based Compensation

12 Months Ended

Jan. 31, 2024

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, 2024, there were 4,850,674 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, 2024, there were

5,594,830 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, 2024, 2023 and 2022 was as follows:


	Fiscal Year Ended January 31,
	2024		2023		2022
Performance Stock Units		5,013		4,978		4,067
Restricted Stock Units		25,495		24,471		21,674
Total	$	30,508	$	29,449	$	25,741

The total tax benefit associated with share-based compensation expense for the fiscal years ended January 31, 2024, 2023 and 2022 was $3,086, $6,379 and $6,311, respectively. The tax benefit realized from share-based compensation for the fiscal years ended January 31, 2024, 2023 and 2022 was $1,763, $3,467 and $5,573, 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, 2024, 2023 and 2022.

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2024:


	Shares			Weighted- Average Exercise Price		Weighted- Average Contractual Terms (years)		Aggregate Intrinsic Value
Awards outstanding at beginning of year		245,000		$	31.11		1.6	$	653
Granted		—			—
Exercised		(25,000	)		23.74
Forfeited or Expired		(80,000	)		37.45
Awards outstanding at end of year		140,000			28.81		1.5	$	1,623
Awards outstanding fully vested and expected to vest		140,000			28.81		1.5	$	1,623
Awards exercisable at end of year		140,000		$	28.81		1.5	$	1,623

The following table summarizes other information related to stock options during the years ended January 31, 2024, 2023 and 2022:


	Fiscal Year Ended January 31,
	2024		2023		2022
Intrinsic value of awards exercised	$	129	$	23	$	1,156
Net cash proceeds from the exercise of stock options	$	594	$	376	$	3,290

There were no unrecognized compensation costs of stock options granted, but not yet vested, as of January 31, 2024.

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 2024, 2023 and 2022 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, 2024:


	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		471,252		$	31.40
Granted		160,887			26.96
Vested		(131,248	)		33.01
Forfeited		—			—
Non-vested awards outstanding at end of year		500,891		$	29.55

The weighted-average grant date fair value of PSU’s awarded during the fiscal years ended January 31, 2024, 2023 and 2022 was $26.96, $25.38 and $38.15, per share, respectively. The aggregate grant date fair value of PSU's vested during the fiscal years ended January 31, 2024, 2023 and 2022 was $33.01, $27.79 and $26.54, respectively. Unrecognized compensation cost related to unvested PSU’s as of January 31, 2024 was $5,269, which is expected to be recognized over a weighted-average period of 1.8 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 2024, 2023 and 2022 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, 2024:


	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		2,553,399		$	29.82
Granted		971,135			27.42
Vested		(760,702	)		31.11
Forfeited		(93,852	)		29.21
Non-vested awards outstanding at end of year		2,669,980		$	28.58

The weighted-average grant date fair value of RSU’s awarded during the fiscal years ended January 31, 2024, 2023 and 2022 was $27.42, $25.01 and $37.30, per share, respectively. The aggregate grant date fair value of RSU’s vested during the fiscal years ended January 31, 2024, 2023 and 2022 was $31.11, $30.48 and $29.66, respectively. Unrecognized compensation costs related to unvested RSU’s as of January 31, 2024, was $28,769, which is expected to be recognized over a weighted-average period of 1.9 years.

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	$ 1,792,683	$ 1,745,740	$ 1,477,358
Net current-period total other comprehensive income (loss)	9,488	(23,805)	(7,710)
Ending Balance	2,112,540	1,792,683	1,745,740
Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(42,824)	(22,204)
Other comprehensive income (loss) before reclassifications	4,448	(20,620)
Net current-period total other comprehensive income (loss)	4,448	(20,620)
Ending Balance	(38,376)	(42,824)	(22,204)
Unrealized Gains and (Losses) on available- for-Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(5,811)	(2,626)
Other comprehensive income (loss) before reclassifications	5,044	(1,720)
Amounts reclassified from accumulated other comprehensive income (loss)	(4)	(1,465)
Net current-period total other comprehensive income (loss)	5,040	(3,185)
Ending Balance	(771)	(5,811)	(2,626)
Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(48,635)	(24,830)	(17,120)
Other comprehensive income (loss) before reclassifications	9,492	(22,340)
Amounts reclassified from accumulated other comprehensive income (loss)	(4)	(1,465)
Net current-period total other comprehensive income (loss)	9,488	(23,805)
Ending Balance	$ (39,147)	$ (48,635)	$ (24,830)

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

+ Details

Share Repurchase Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Equity, Class of Treasury Stock [Line Items]
Total cost	$ 8,407	$ 118,776	$ 63,555
Share repurchase program
Equity, Class of Treasury Stock [Line Items]
Number of common shares repurchased and subsequently retired	0	4,736,405
Total cost	$ 0	$ 112,016
Average cost per share, including commissions	$ 0	$ 23.65

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

12 Months Ended

Jan. 31, 2024

Jan. 31, 2023

Jan. 31, 2022

Segment Reporting Information [Line Items]

Total net sales

$ 5,153,237

$ 4,795,244

$ 4,548,763

Total income from operations

369,795

226,623

408,566

General corporate expenses

(66,530)

(61,947)

(55,317)

Total depreciation expense for property and equipment

106,825

97,827

99,058

Total inventory

550,242

587,510

Total rental product, net

^[1]

163,119

90,934

Total property and equipment, net

1,286,541

1,187,735

Total cash paid for property and equipment

199,625

199,513

262,429

Retail Operations

Segment Reporting Information [Line Items]

Total net sales

4,678,698

4,415,358

4,248,681

Total depreciation expense for property and equipment

99,780

91,879

94,099

Total inventory

505,271

529,853

Total property and equipment, net

1,182,084

1,138,487

Total cash paid for property and equipment

131,254

176,110

254,921

Wholesale Operations

Segment Reporting Information [Line Items]

Total net sales

238,680

250,249

252,358

Total depreciation expense for property and equipment

329

546

547

Total inventory

44,971

57,657

Total property and equipment, net

2,355

990

Total cash paid for property and equipment

1,407

Nuuly Operations

Segment Reporting Information [Line Items]

Total net sales

235,859

129,637

47,724

Total depreciation expense for property and equipment

6,716

5,402

4,412

Total rental product, net

^[1]

163,119

90,934

Total property and equipment, net

102,102

48,258

Total cash paid for property and equipment

66,964

23,327

7,439

Operating Segments

Segment Reporting Information [Line Items]

Total net sales

5,153,237

4,795,244

4,548,763

Total income from operations

436,325

288,570

463,883

Operating Segments | Retail Operations

Segment Reporting Information [Line Items]

Total net sales

4,678,698

4,415,358

4,248,681

Total income from operations

422,012

275,369

449,453

Operating Segments | Wholesale Operations

Segment Reporting Information [Line Items]

Total net sales

254,614

268,552

267,576

Total income from operations

31,719

25,793

32,937

Operating Segments | Nuuly Operations

Segment Reporting Information [Line Items]

Total net sales

235,859

129,637

47,724

Total income from operations

(17,084)

(13,931)

(20,150)

Intersegment Elimination

Segment Reporting Information [Line Items]

Total net sales

(15,934)

(18,303)

(15,218)

Total income from operations

$ (322)

$ 1,339

$ 1,643

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

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit associated with share-based compensation expense	$ 3,086	$ 6,379	$ 6,311
Tax benefit realized from share-based compensation	$ 1,763	$ 3,467	$ 5,573
Weighted average grant date fair value	$ 26.96	$ 25.38	$ 38.15
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	4,850,674
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	5,594,830
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
Employee Stock Option
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	$ 28,769
Weighted average grant date fair value	$ 27.42	25.01	37.3
Weighted average period of recognition (in years)	1 year 10 months 24 days
Vested, Shares	760,702
Aggregate grant date fair value, vested	$ 31.11	$ 30.48	$ 29.66
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)	4 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	$ 5,269
Weighted average grant date fair value	$ 26.96
Weighted average period of recognition (in years)	1 year 9 months 18 days
Vested, Shares	131,248
Aggregate grant date fair value, vested	$ 33.01	$ 27.79	$ 26.54
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)	4 years

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jan. 31, 2024	Mar. 25, 2024	Jul. 31, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jan. 31, 2024
Document Fiscal Year Focus	2024
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		93,294,919
Entity Public Float			$ 2,440,846,710
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 2024 Annual Meeting of Shareholders.
Auditor Firm ID	34
Document Financial Statement Error Correction [Flag]	false

Segment Reporting (Tables)

12 Months Ended

Jan. 31, 2024

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
	2024			2023			2022
Net sales
Retail operations	$	4,678,698		$	4,415,358		$	4,248,681
Wholesale operations		254,614			268,552			267,576
Nuuly operations		235,859			129,637			47,724
Intersegment elimination		(15,934	)		(18,303	)		(15,218	)
Total net sales	$	5,153,237		$	4,795,244		$	4,548,763
Income from operations
Retail operations	$	422,012		$	275,369		$	449,453
Wholesale operations		31,719			25,793			32,937
Nuuly operations		(17,084	)		(13,931	)		(20,150	)
Intersegment elimination		(322	)		1,339			1,643
Total segment operating income		436,325			288,570			463,883
General corporate expenses		(66,530	)		(61,947	)		(55,317	)
Total income from operations	$	369,795		$	226,623		$	408,566


	Fiscal Year
	2024		2023		2022
Depreciation expense for property and equipment
Retail operations	$	99,780	$	91,879	$	94,099
Wholesale operations		329		546		547
Nuuly operations		6,716		5,402		4,412
Total depreciation expense for property and equipment	$	106,825	$	97,827	$	99,058
Inventory
Retail operations	$	505,271	$	529,853
Wholesale operations		44,971		57,657
Total inventory	$	550,242	$	587,510
Rental product, net (1)
Nuuly operations	$	163,119	$	90,934
Total rental product, net	$	163,119	$	90,934

(1)

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


Property and equipment, net
Retail operations	$	1,182,084	$	1,138,487
Wholesale operations		2,355		990
Nuuly operations		102,102		48,258
Total property and equipment, net	$	1,286,541	$	1,187,735
Cash paid for property and equipment
Retail operations	$	131,254	$	176,110	$	254,921
Wholesale operations		1,407		76		69
Nuuly operations		66,964		23,327		7,439
Total cash paid for property and equipment	$	199,625	$	199,513	$	262,429

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
	2024				2023				2022
Net sales
Apparel	$	3,079,496	66	%	$	2,808,638	63	%	$	2,671,841	63	%
Home		763,713	16	%		830,199	19	%		852,379	20	%
Accessories		603,495	13	%		559,524	13	%		532,877	12	%
Other		231,994	5	%		216,997	5	%		191,584	5	%
Retail operations		4,678,698	100	%		4,415,358	100	%		4,248,681	100	%
Apparel		219,231	92	%		229,282	92	%		241,060	96	%
Accessories		17,671	7	%		20,238	8	%		10,460	4	%
Other		1,778	1	%		729	0	%		838	0	%
Wholesale operations		238,680	100	%		250,249	100	%		252,358	100	%
Nuuly operations		235,859				129,637				47,724
Total net sales		5,153,237				4,795,244			$	4,548,763

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
	2024		2023		2022
Net Sales
Domestic operations	$	4,506,805	$	4,158,753	$	3,950,381
Foreign operations		646,432		636,491		598,382
Total net sales	$	5,153,237	$	4,795,244	$	4,548,763
Property and equipment, net
Domestic operations	$	1,130,332	$	1,033,926
Foreign operations		156,209		153,809
Total property and equipment, net	$	1,286,541	$	1,187,735

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,465	$ 1,496
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	92,787,522	92,180,709
Common shares, shares outstanding	92,787,522	92,180,709

Marketable Securities - Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities (Detail) - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 600,636	$ 291,726
Unrealized Gains	2,323	41
Unrealized (Losses)	(2,063)	(7,545)
Fair Value	600,896	284,222
Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	312,536	108,703
Unrealized Gains	2,252	40
Unrealized (Losses)	(636)	(5,899)
Fair Value	314,152	102,844
Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	288,100	183,023
Unrealized Gains	71	1
Unrealized (Losses)	(1,427)	(1,646)
Fair Value	286,744	181,378
Municipal And Pre-Refunded Municipal Bonds \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	39,243	23,437
Unrealized Gains	160	5
Unrealized (Losses)	(35)	(1,154)
Fair Value	39,368	22,288
Municipal And Pre-Refunded Municipal Bonds \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	47,915	48,141
Unrealized Gains	9	0
Unrealized (Losses)	(414)	(688)
Fair Value	47,510	47,453
Corporate Bonds \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	147,924	62,594
Unrealized Gains	441	22
Unrealized (Losses)	(388)	(3,319)
Fair Value	147,977	59,297
Corporate Bonds \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	123,418	83,184
Unrealized Gains	27	0
Unrealized (Losses)	(883)	(947)
Fair Value	122,562	82,237
US Treasury Securities \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	34,604
Unrealized Gains	169
Unrealized (Losses)	(26)
Fair Value	34,747
US Treasury Securities \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	27,231	23,561
Unrealized Gains	0	1
Unrealized (Losses)	(36)	(10)
Fair Value	27,195	23,552
Commercial Paper \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,557	21,636
Unrealized Gains	0	0
Unrealized (Losses)	0	0
Fair Value	10,557	21,636
Mutual Funds, Held in Rabbi Trust \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,817	13,402
Unrealized Gains	1,344	0
Unrealized (Losses)	(93)	(1,424)
Fair Value	15,068	11,978
Federal Government Agencies \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	65,698	9,021
Unrealized Gains	138	13
Unrealized (Losses)	(94)	(2)
Fair Value	65,742	9,032
Federal Government Agencies \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	68,730	6,501
Unrealized Gains	35	0
Unrealized (Losses)	(94)	(1)
Fair Value	68,671	6,500
Certificates of Deposit \| Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,250	249
Unrealized Gains	0	0
Unrealized (Losses)	0	0
Fair Value	11,250	$ 249
Certificates of Deposit \| Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,249
Unrealized Gains	0
Unrealized (Losses)	0
Fair Value	$ 10,249

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Income Statement [Abstract]
Net sales	$ 5,153,237	$ 4,795,244	$ 4,548,763
Cost of sales (excluding store impairment and lease abandonment charges)	3,425,958	3,361,611	3,054,813
Store impairment and lease abandonment charges	11,875	6,417	0
Gross profit	1,715,404	1,427,216	1,493,950
Selling, general and administrative expenses	1,339,205	1,200,593	1,085,384
Asset impairment	6,404	0	0
Income from operations	369,795	226,623	408,566
Interest income	23,631	2,041	2,343
Interest expense	(7,662)	(1,315)	(1,104)
Other expense	(4,157)	(6,070)	(5,174)
Income before income taxes	381,607	221,279	404,631
Income Tax Expense (Benefit)	93,933	61,580	94,015
Net income	$ 287,674	$ 159,699	$ 310,616
Net income per common share:
Basic	$ 3.1	$ 1.71	$ 3.17
Diluted	$ 3.05	$ 1.7	$ 3.13
Weighted-average common shares outstanding:
Basic	92,697,751	93,199,874	98,022,583
Diluted	94,327,785	94,144,062	99,268,705

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, 2024	Jan. 31, 2023	Jan. 31, 2022
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	92,697,751	93,199,874	98,022,583
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units	1,630,034	944,188	1,246,122
Diluted weighted-average shares outstanding	94,327,785	94,144,062	99,268,705

Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 106,825	$ 97,827	$ 99,058

Shareholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022	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	$ 8,407	$ 118,776	$ 63,555
Stock Repurchased and Retired During Period, Value	$ 8,407	$ 118,776	$ 63,555
Employee Stock
Equity, Class of Treasury Stock [Line Items]
Common stock repurchased and retired,shares	310,137	248,812
Common stock repurchased and retired,value	$ 8,407	$ 6,760
Stock Repurchased and Retired During Period, Shares	310,137	248,812
Stock Repurchased and Retired During Period, Value	$ 8,407	$ 6,760

Revenue from Contracts with Customers

12 Months Ended

Jan. 31, 2024

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, 2024, the opening and closing balance of contract receivables, net of allowance for doubtful accounts, was $70,339 and $67,008, respectively. 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. 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 the issuance of gift cards, customer deposits, Nuuly Rent deferred subscription fee revenue and customer loyalty programs. 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, 2024, the opening and closing balance of contract liabilities was $82,867 and $91,408, respectively. For the year ended January 31, 2023, the opening and closing balance of contract liabilities was $78,717 and $82,867, respectively. Contract liabilities are included in “Accrued expenses and other current liabilities” in the Consolidated Balance Sheets. During the year ended January 31, 2024, the Company recognized $37,751 of revenue that was included in the contract liability balance at the beginning of the period. 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.

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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Debt - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Feb. 10, 2023	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Line Of Credit Facility [Line Items]
Interest expense		$ 7,662	$ 1,315	$ 1,104
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		13,566
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Third Amended Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Credit facility maximum borrowing capacity	$ 350,000
Additional line of credit facility	$ 150,000
Commitment fee percentage	0.20%
Interest expense		$ 971	$ 998	$ 1,046
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%

Share-Based Compensation - Summary of Performance Share Units Activity (Detail) - $ / shares	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Weighted average fair value	$ 26.96	$ 25.38	$ 38.15
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested awards outstanding at beginning of year, Shares	471,252
Granted, Shares	160,887
Vested, Shares	(131,248)
Forfeited, Shares	0
Non-vested awards outstanding at end of year, Shares	500,891	471,252
Non-vested awards outstanding at beginning of year, Weighted average fair value	$ 31.4
Granted, Weighted average fair value	26.96
Vested, Weighted average fair value	33.01	$ 27.79	$ 26.54
Forfeited, Weighted average fair value	0
Non-vested awards outstanding at end of year, Weighted average fair value	$ 29.55	$ 31.4

Accrued Expenses and Other Current Liabilities

12 Months Ended

Jan. 31, 2024

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,
	2024		2023
Sales return reserves	$	80,512	$	70,147
Gift cards and merchandise credits		69,187		65,697
Accrued sales and VAT taxes		26,796		26,979
Accrued rents, estimated property taxes and other property expenses		36,619		38,049
Federal, state and foreign income taxes		9,815		6,878
Accrued construction		27,598		17,102
Current portion of low-income housing tax credit liability		10,507		—
Other current liabilities		130,476		97,725
Total	$	391,510	$	322,577

Components of Provision for Income Tax Expense or Benefit (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Current, Federal	$ 46,714	$ 49,695	$ 75,533
Current, State	19,422	12,950	18,972
Current, Foreign	1,722	1,476	958
Current income tax expense, total	69,222	64,157	96,710
Deferred, Federal	24,141	(4,724)	(4,151)
Deferred, State	(1,152)	671	498
Deferred, Foreign	3,086	1,512	2,205
Deferred income tax expense (benefit), total	24,711	(2,577)	(2,695)
Income tax expense (benefit), total	$ 93,933	$ 61,580	$ 94,015

Balances Related to the Investment - Investment (Details) $ in Thousands	Jan. 31, 2024 USD ($)
Deferred Income Taxes and Other Assets [Abstract]
Deferred income taxes and other assets	$ 66,214
Accrued expenses and other current liabilities	10,507
Deferred rent and other liabilities	$ 47,293

Segment Reporting

12 Months Ended

Jan. 31, 2024

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 includes Anthropologie (which includes the Anthropologie and Terrain brands), Free People (which includes the Free People and FP Movement brands), Urban Outfitters and Menus & Venues. As of January 31, 2024, there were 262 Urban Outfitters stores, 237 Anthropologie stores, 198 Free People stores (including 38 FP Movement stores), 9 Menus & Venues locations, 7 Urban Outfitters franchisee-owned stores and 2 Anthropologie franchisee-owned stores. Each of Urban Outfitters, Anthropologie and Free People, 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 90.8%, 92.1% and 93.4% of total consolidated net sales for fiscal 2024, 2023 and 2022, 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 includes the Free People, FP Movement and Urban Outfitters brands that sell through department and specialty stores worldwide, digital businesses and our 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 and FP Movement brands and the BDG and “iets frans” apparel collections under the Urban Outfitters brand. Net sales from the Wholesale segment accounted for approximately 4.6%, 5.2% and 5.5% of total consolidated net sales for fiscal 2024, 2023 and 2022, respectively.

The Company's Nuuly segment includes the Nuuly brand, which is a monthly women’s apparel subscription rental service. For a monthly fee, Nuuly subscribers can rent product from a wide selection of the Company’s own brands, third-party 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. Our Nuuly segment net sales accounted for approximately 4.6%, 2.7%, and 1.1% of consolidated net sales for fiscal 2024, 2023 and 2022, 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
	2024			2023			2022
Net sales
Retail operations	$	4,678,698		$	4,415,358		$	4,248,681
Wholesale operations		254,614			268,552			267,576
Nuuly operations		235,859			129,637			47,724
Intersegment elimination		(15,934	)		(18,303	)		(15,218	)
Total net sales	$	5,153,237		$	4,795,244		$	4,548,763
Income from operations
Retail operations	$	422,012		$	275,369		$	449,453
Wholesale operations		31,719			25,793			32,937
Nuuly operations		(17,084	)		(13,931	)		(20,150	)
Intersegment elimination		(322	)		1,339			1,643
Total segment operating income		436,325			288,570			463,883
General corporate expenses		(66,530	)		(61,947	)		(55,317	)
Total income from operations	$	369,795		$	226,623		$	408,566


	Fiscal Year
	2024		2023		2022
Depreciation expense for property and equipment
Retail operations	$	99,780	$	91,879	$	94,099
Wholesale operations		329		546		547
Nuuly operations		6,716		5,402		4,412
Total depreciation expense for property and equipment	$	106,825	$	97,827	$	99,058
Inventory
Retail operations	$	505,271	$	529,853
Wholesale operations		44,971		57,657
Total inventory	$	550,242	$	587,510
Rental product, net (1)
Nuuly operations	$	163,119	$	90,934
Total rental product, net	$	163,119	$	90,934

(1)

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


Property and equipment, net
Retail operations	$	1,182,084	$	1,138,487
Wholesale operations		2,355		990
Nuuly operations		102,102		48,258
Total property and equipment, net	$	1,286,541	$	1,187,735
Cash paid for property and equipment
Retail operations	$	131,254	$	176,110	$	254,921
Wholesale operations		1,407		76		69
Nuuly operations		66,964		23,327		7,439
Total cash paid for property and equipment	$	199,625	$	199,513	$	262,429

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


	Fiscal Year
	2024				2023				2022
Net sales
Apparel	$	3,079,496	66	%	$	2,808,638	63	%	$	2,671,841	63	%
Home		763,713	16	%		830,199	19	%		852,379	20	%
Accessories		603,495	13	%		559,524	13	%		532,877	12	%
Other		231,994	5	%		216,997	5	%		191,584	5	%
Retail operations		4,678,698	100	%		4,415,358	100	%		4,248,681	100	%
Apparel		219,231	92	%		229,282	92	%		241,060	96	%
Accessories		17,671	7	%		20,238	8	%		10,460	4	%
Other		1,778	1	%		729	0	%		838	0	%
Wholesale operations		238,680	100	%		250,249	100	%		252,358	100	%
Nuuly operations		235,859				129,637				47,724
Total net sales		5,153,237				4,795,244			$	4,548,763

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.

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
	2024		2023		2022
Net Sales
Domestic operations	$	4,506,805	$	4,158,753	$	3,950,381
Foreign operations		646,432		636,491		598,382
Total net sales	$	5,153,237	$	4,795,244	$	4,548,763
Property and equipment, net
Domestic operations	$	1,130,332	$	1,033,926
Foreign operations		156,209		153,809
Total property and equipment, net	$	1,286,541	$	1,187,735

- 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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

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

12 Months Ended

Jan. 31, 2024

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, 2024 and 2023, respectively:


	Fiscal Year Ended January 31, 2024
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(42,824	)	$	(5,811	)	$	(48,635	)
Other comprehensive income (loss) before reclassifications		4,448			5,044			9,492
Amounts reclassified from accumulated other comprehensive income (loss)		—			(4	)		(4	)
Net current-period total other comprehensive income (loss)		4,448			5,040			9,488
Ending Balance	$	(38,376	)	$	(771	)	$	(39,147	)


	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	)

Segment Reporting - Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Segment Reporting Information [Line Items]
Total net sales	$ 5,153,237	$ 4,795,244	$ 4,548,763
Total property and equipment, net	1,286,541	1,187,735
Domestic Operations
Segment Reporting Information [Line Items]
Total net sales	4,506,805	4,158,753	3,950,381
Total property and equipment, net	1,130,332	1,033,926
Foreign Operations
Segment Reporting Information [Line Items]
Total net sales	646,432	636,491	$ 598,382
Total property and equipment, net	$ 156,209	$ 153,809

- 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
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Marketable Securities

12 Months Ended

Jan. 31, 2024

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, 2024 and 2023 are as follows:


	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Fair Value
As of January 31, 2024
Short-term Investments:
Corporate bonds	$	123,418	$	27	$	(883	)	$	122,562
Federal government agencies		68,730		35		(94	)		68,671
Municipal and pre-refunded municipal bonds		47,915		9		(414	)		47,510
US Treasury securities		27,231		—		(36	)		27,195
Certificates of deposit		10,249		—		—			10,249
Commercial paper		10,557		—		—			10,557
		288,100		71		(1,427	)		286,744
Long-term Investments:
Corporate bonds	$	147,924	$	441	$	(388	)	$	147,977
Federal government agencies		65,698		138		(94	)		65,742
Municipal and pre-refunded municipal bonds		39,243		160		(35	)		39,368
US Treasury securities		34,604		169		(26	)		34,747
Certificates of deposit		11,250		—		—			11,250
Mutual funds, held in rabbi trust		13,817		1,344		(93	)		15,068
		312,536		2,252		(636	)		314,152
	$	600,636	$	2,323	$	(2,063	)	$	600,896

As of January 31, 2023
Short-term Investments:
Corporate bonds	$	83,184	$	—	$	(947	)	$	82,237
Federal government agencies		6,501		—		(1	)		6,500
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
		183,023		1		(1,646	)		181,378
Long-term Investments:
Corporate bonds	$	62,594	$	22	$	(3,319	)	$	59,297
Federal government agencies		9,021		13		(2	)		9,032
Municipal and pre-refunded municipal bonds		23,437		5		(1,154	)		22,288
Certificates of deposit		249		—		—			249
Mutual funds, held in rabbi trust		13,402		—		(1,424	)		11,978
		108,703		40		(5,899	)		102,844
	$	291,726	$	41	$	(7,545	)	$	284,222

Proceeds from the sales and maturities of available-for-sale securities were $347,366, $276,650 and $280,701 in fiscal 2024, 2023 and 2022, respectively. The Company included in “Interest income,” in the Consolidated Statements of Income, a net realized loss of $4 during fiscal 2024, a net realized loss of $1,465 during fiscal 2023 and a net realized gain of $11 during fiscal 2022. Amortization of discounts and premiums, net, resulted in a benefit included in "Interest income" of $4,338 in fiscal 2024 and a reduction included in “Interest income” of $4,512 and $6,614 for fiscal 2023 and 2022, 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.


	January 31, 2024
	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	$	104,563	$	(168	)	$	53,680	$	(1,103	)	$	158,243	$	(1,271	)
Federal government agencies		74,516		(188	)		—		—			74,516		(188	)
Municipal and pre-refunded municipal bonds		24,070		(48	)		21,613		(401	)		45,683		(449	)
US Treasury securities		35,135		(62	)		—		—			35,135		(62	)
Mutual funds, held in rabbi trust		1,059		(93	)		—		—			1,059		(93	)
Total	$	239,343	$	(559	)	$	75,293	$	(1,504	)	$	314,636	$	(2,063	)


	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	)
Federal government agencies		9,517		(3	)		—		—			9,517		(3	)
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	)
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	)

As of January 31, 2024 and 2023, there were a total of 267 and 262 securities with unrealized loss positions within the Company’s portfolio, respectively.

Fair Value

12 Months Ended

Jan. 31, 2024

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, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	270,539	$	—	$	270,539
Federal government agencies		—		134,413		—		134,413
Municipal and pre-refunded municipal bonds		—		86,878		—		86,878
US Treasury securities		—		61,942		—		61,942
Certificates of deposit		—		21,499		—		21,499
Mutual funds, held in rabbi trust		15,068		—		—		15,068
Commercial paper		—		10,557		—		10,557
	$	15,068	$	585,828	$	—	$	600,896


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

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, 2024 and January 31, 2023.

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, 2024 and 2023, 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.

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 its retail locations. 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. During fiscal 2024 and 2023, the Company determined that certain long-lived assets at the Company’s retail locations were unable to recover their carrying value. These assets were written down to their fair values resulting in impairment charges of $3,644 and $6,417 in fiscal 2024 and 2023, respectively. Additionally, during fiscal 2024 the Company recorded an asset impairment charge of $6,404 related to the write-off of "Property and Equipment, net" of the Nuuly Thrift marketplace.

- 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

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

12 Months Ended

Jan. 31, 2024

Equity [Abstract]

Other Comprehensive (Loss) Income and Accumulated Other Comprehensive Loss

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

The following tables present the changes in “Accumulated other comprehensive loss,” by component, net of tax, for the fiscal years ended January 31, 2024 and 2023, respectively:


	Fiscal Year Ended January 31, 2024
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(42,824	)	$	(5,811	)	$	(48,635	)
Other comprehensive income (loss) before reclassifications		4,448			5,044			9,492
Amounts reclassified from accumulated other comprehensive income (loss)		—			(4	)		(4	)
Net current-period total other comprehensive income (loss)		4,448			5,040			9,488
Ending Balance	$	(38,376	)	$	(771	)	$	(39,147	)


	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	)

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.

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023
Property, Plant and Equipment [Abstract]
Land	$ 55,536	$ 55,229
Buildings	633,850	467,703
Furniture and fixtures	430,688	419,712
Leasehold improvements	874,643	846,153
Other operating equipment	674,258	460,531
Construction-in-progress	96,157	358,787
Property, Plant and Equipment, Gross	2,765,132	2,608,115
Accumulated depreciation	(1,478,591)	(1,420,380)
Total	$ 1,286,541	$ 1,187,735

Share-Based Compensation - Summary of Other Information Related to Stock Options (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net cash proceeds from the exercise of stock options	$ 594	$ 376	$ 3,290
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of awards exercised	129	23	1,156
Net cash proceeds from the exercise of stock options	$ 594	$ 376	$ 3,290

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Related Party Transactions

12 Months Ended

Jan. 31, 2024

Related Party Transactions

16. Related Party Transactions

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

Todd R. Morgenfeld, a director of the Company, was Chief Financial Officer and Head of Business Operations of Pinterest, Inc. until July 1, 2023. Pinterest, Inc. provided digital marketing services to the Company in fiscal 2024, 2023 and 2022 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. The Board of Directors considered these matters in determining Mr. Morgenfeld’s independence.

John C. Mulliken, a director of the Company, serves on the board of Bombas which supplied apparel to the Company in fiscal 2024, 2023 and 2022 and is expected to do so in the future. The amount paid to Bombas was financially immaterial to Bombas and is unrelated to Mr. Mulliken's compensation as director of Bombas. Mr. Mulliken was not involved in the sourcing of Bombas as a supplier to the Company and he does not intend to be involved in the Company's procurement of its products in the future. The Board of Directors considered these matters in determining Mr. Mulliken's independence.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
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-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Summary of Significant Accounting Policies - Schedule of Activity of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Balance at beginning of year	$ 1,496	$ 1,348	$ 4,028
Additions	3,913	4,071	797
Deductions	(3,944)	(3,923)	(3,477)
Balance at end of year	$ 1,465	$ 1,496	$ 1,348

Share-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2024

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,
	2024		2023		2022
Performance Stock Units		5,013		4,978		4,067
Restricted Stock Units		25,495		24,471		21,674
Total	$	30,508	$	29,449	$	25,741

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2024:


	Shares			Weighted- Average Exercise Price		Weighted- Average Contractual Terms (years)		Aggregate Intrinsic Value
Awards outstanding at beginning of year		245,000		$	31.11		1.6	$	653
Granted		—			—
Exercised		(25,000	)		23.74
Forfeited or Expired		(80,000	)		37.45
Awards outstanding at end of year		140,000			28.81		1.5	$	1,623
Awards outstanding fully vested and expected to vest		140,000			28.81		1.5	$	1,623
Awards exercisable at end of year		140,000		$	28.81		1.5	$	1,623

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, 2024, 2023 and 2022:


	Fiscal Year Ended January 31,
	2024		2023		2022
Intrinsic value of awards exercised	$	129	$	23	$	1,156
Net cash proceeds from the exercise of stock options	$	594	$	376	$	3,290

Summary of Performance Share Units Activity

The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2024:


	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		471,252		$	31.40
Granted		160,887			26.96
Vested		(131,248	)		33.01
Forfeited		—			—
Non-vested awards outstanding at end of year		500,891		$	29.55

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2024:


	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		2,553,399		$	29.82
Granted		971,135			27.42
Vested		(760,702	)		31.11
Forfeited		(93,852	)		29.21
Non-vested awards outstanding at end of year		2,669,980		$	28.58

Net Income Per Common Share (Tables)

12 Months Ended

Jan. 31, 2024

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,
	2024		2023		2022
Basic weighted-average common shares outstanding		92,697,751		93,199,874		98,022,583
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		1,630,034		944,188		1,246,122
Diluted weighted-average shares outstanding		94,327,785		94,144,062		99,268,705

Property and Equipment

12 Months Ended

Jan. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

6. Property and Equipment

Property and equipment is summarized as follows:


	January 31,
	2024			2023
Land	$	55,536		$	55,229
Buildings		633,850			467,703
Furniture and fixtures		430,688			419,712
Leasehold improvements		874,643			846,153
Other operating equipment		674,258			460,531
Construction-in-progress		96,157			358,787
		2,765,132			2,608,115
Accumulated depreciation		(1,478,591	)		(1,420,380	)
Total	$	1,286,541		$	1,187,735

Depreciation expense for property and equipment in fiscal 2024, 2023 and 2022 was $106,825, $97,827 and $99,058, respectively.

Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 600,896	$ 284,222
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	600,896	284,222
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	15,068	11,978
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	585,828	272,244
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	270,539	141,534
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	270,539	141,534
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	86,878	69,741
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	86,878	69,741
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	15,068	11,978
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	15,068	11,978
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	0
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	61,942	23,552
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	61,942	23,552
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	10,557	21,636
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	10,557	21,636
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	134,413	15,532
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	134,413	15,532
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	21,499	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	$ 21,499	$ 249