Recently Issued Accounting Standards (Tables)

6 Months Ended

Aug. 04, 2018

Accounting Standards Update 2014-09 [Member]

Summary of Impact of Adopting Topic 606 Condensed Consolidated Statements of Operations and Balance Sheets

The following tables summarize the impact of adopting Topic 606 on the Company’s condensed consolidated statements of operations (in thousands):

	Three Months Ended August 4, 2018
	As Reported		Adjustments			Balances without Adoption of Topic 606
Net revenues	$	640,798	$	(1,685	)	$	639,113
Cost of goods sold		369,198		(662	)		368,536
Gross profit		271,600		(1,023	)		270,577
Selling, general and administrative expenses		186,225		(11,105	)		175,120
Income from operations		85,375		10,082			95,457
Other expenses
Interest expense—net		17,480		—			17,480
Loss on extinguishment of debt		917		—			917
Total other expenses		18,397		—			18,397
Income before income taxes		66,978		10,082			77,060
Income tax expense		2,936		455			3,391
Net income	$	64,042	$	9,627		$	73,669

	Six Months Ended August 4, 2018
	As Reported		Adjustments			Balances without Adoption of Topic 606
Net revenues	$	1,198,204	$	(9,295	)	$	1,188,909
Cost of goods sold		714,569		(3,650	)		710,919
Gross profit		483,635		(5,645	)		477,990
Selling, general and administrative expenses		344,659		(7,302	)		337,357
Income from operations		138,976		1,657			140,633
Other expenses
Interest expense—net		34,515		—			34,515
Loss on extinguishment of debt		917		—			917
Total other expenses		35,432		—			35,432
Income before income taxes		103,544		1,657			105,201
Income tax expense		11,443		(1,495	)		9,948
Net income	$	92,101	$	3,152		$	95,253

The following table summarizes the impact of adopting Topic 606 on certain line items of the Company’s condensed consolidated balance sheets (in thousands):

	As of August 4, 2018
	As Reported		Adjustments			Balances without Adoption of Topic 606
Prepaid expense and other current assets	$	78,254	$	36,012		$	114,266
Deferred tax assets		29,437		(6,561	)		22,876
Accounts payable and accrued expenses		284,942		(732	)		284,210
Deferred revenue and customer deposits		164,979		9,860			174,839
Other current liabilities		51,354		(3,865	)		47,489
Retained earnings		223,459		24,188			247,647