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Document and Entity Information - shares
6 Months Ended
Jul. 30, 2022
Sep. 02, 2022
Document And Entity Information [Abstract]    
Document Type 10-Q/A  
Document Quarterly Report true  
Document Transition Report false  
Document Period End Date Jul. 30, 2022  
Entity File Number 001-35720  
Entity Registrant Name RH  
Entity Tax Identification Number 45-3052669  
Entity Incorporation, State or Country Code DE  
Entity Address, Address Line One 15 Koch Road  
Entity Address, City or Town Corte Madera  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94925  
City Area Code 415  
Local Phone Number 924-1005  
Title of 12(b) Security Common Stock  
Trading Symbol RH  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   23,725,732
Entity Central Index Key 0001528849  
Current Fiscal Year End Date --01-28  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q2  
Amendment Flag true  
Amendment Description RH (“we,” “us,” “our” or the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (the “Amendment”) to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 30, 2022, which was originally filed with the Securities and Exchange Commission (the “SEC”) on September 8, 2022 (the “Original Report”) to reflect a restatement due to errors in the calculation of net income per share.As previously reported, the Audit Committee of the Board of Directors, after discussion with our senior leadership and independent registered public accountants, determined that (i) our previously filed unaudited financial statements for the three months ended April 30, 2022, the three and six months ended July 30, 2022, and the three and nine months ended October 29, 2022 (collectively the “Prior Financial Statements”) should no longer be relied upon due to material unintentional errors in certain of these financial periods with respect to our calculation of basic and diluted net income per share and (ii) a restatement would be required to correct these errors in our Prior Financial Statements (the “Restatement”) for each of the quarterly periods ended April 30, 2022, July 30, 2022, and October 29, 2022 (the “Non-Reliance Periods”) included in the associated Form 10-Qs previously filed with the SEC. For more information about the Restatement, refer to the Company’s Current Report on Form 8-K (Item 4.02) filed on February 3, 2023.The purpose of this Amendment is to restate the calculation of basic and diluted net income per share in order to effect the Restatement with respect to the financial statements that appear in the Original Report. The Restatement is also being effected by amendments to each of the Company’s other Quarterly Reports on Form 10-Q with respect to the Non-Reliance Periods (collectively, the “10-Q Amendments”). The Restatement has no impact on other previously reported GAAP financial information other than as corrected in the 10-Q Amendments, including assets, liabilities, equity, revenues, gross profit, income from operations, net income or cash flows, and the related non-GAAP financial measures, as well as EBITDA and adjusted EBITDA.In connection with the Restatement, we have also identified a material weakness in internal control over financial reporting and concluded that our disclosure controls and procedures were not effective as of July 30, 2022, including through the date of this Amendment. Refer to Item 4—Controls and Procedures of this Amendment. Adjustments to Non-GAAP Adjusted Effective Tax RateIn addition to the Restatement, we have also modified how we determine the applicable adjusted effective tax rate for purposes of calculating non-GAAP adjusted net income disclosed as a non-GAAP financial measure (the “Adjustments to Non-GAAP Adjusted Effective Tax Rate”) within Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”).Items Amended in this FilingFor the convenience of the reader, this Amendment sets forth the Original Report in its entirety, as amended.This Amendment amends only the following items in the Original Report and only with respect to the matters described with respect to the Restatement and the Adjustments to Non-GAAP Adjusted Effective Tax Rate discussed above:1.    Part I, Item 1. Financial Statements. The Financial Statements are amended to correct the errors in the financial statements as a result of the Restatement and the related financial and other information affected by the Restatement, which changes are reflected in the following sections:              Condensed Consolidated Statements of Income (unaudited)              Note 1—The Company—“Restatement of Condensed Consolidated Financial Statements”              Note 13—Net Income Per Share2.    Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. “MD&A—Reconciliation of GAAP Net Income to Adjusted Net Income” is amended to provide the Adjustments to Non-GAAP Adjusted Effective Tax Rate referred to above.3.    Part I, Item 4. Controls and Procedures. The description of Controls and Procedures is amended to reflect the Company’s conclusion that its disclosure controls and procedures were not effective as of July 30, 2022, including through the date of this Amendment as a result of a material weakness in its internal control over financial reporting.​4.    Part II, Item 1A. Risk Factors. The Risk Factors disclosures in the Original Report have been amended to make reference to amended risk factors in our SEC filings subsequent to our 2021 Form 10-K which amended risk factors relate to internal control over financial reporting and disclosure controls and procedures due to the identification of a material weakness in internal control over financial reporting.In accordance with applicable Commission rules, this Amendment includes new certifications from our Chief Executive Officer and our Chief Financial Officer dated as of the date of filing this Amendment, and restates the financial statements formatted in Extensible Business Reporting Language (XBRL) in Exhibits 101.While all required items on Form 10-Q have been included herein for these matters, no other sections were affected.Except as described above, this Amendment does not amend, update, or change any other items or disclosures in the Original Report and does not purport to reflect any information or events subsequent to the filing date of the Original Report. As such, this Amendment and the forward-looking statements contained herein speak only as of the date the Original Report was filed, and the Company has not undertaken herein to amend, supplement or update any information contained in the Original Report to give effect to any subsequent events. Accordingly, this Amendment should be read in conjunction with our filings made with the SEC subsequent to the filing of the Original Report, including any amendment to those filings.