View Filing Data

Print Document View Excel Document

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	May 03, 2020	Jun. 02, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 03, 2020
Document Transition Report	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--01-31
Entity File Number	001-37641
Entity Registrant Name	DULUTH HOLDINGS INC.
Entity Tax Identification Number	39-1564801
Entity Incorporation, State or Country Code	WI
Entity Address, Address Line One	201 East Front Street
Entity Address, City or Town	Mount Horeb
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53572
City Area Code	608
Local Phone Number	424-1544
Title of 12(b) Security	Class B Common Stock, No Par Value
Trading Symbol	DLTH
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Central Index Key	0001649744
Amendment Flag	false
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,364,200
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		29,443,075

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Current Assets:
Cash and cash equivalents	$ 8,854	$ 2,189
Receivables	3,459	1,470
Inventory, less reserve for excess and obsolete items of $1,707 and $1,826, respectively	175,037	147,849
Prepaid expenses & other current assets	9,473	9,503
Prepaid catalog costs	167	1,181
Total current assets	196,990	162,192
Property and equipment, net	137,253	137,071
Operating lease right-of-use assets	117,330	120,431
Finance lease right-of-use assets, net	46,469	46,677
Restricted cash	446	51
Available-for-sale security	5,701	6,432
Other assets, net	1,423	1,196
Total assets	505,612	474,050
Current liabilities:
Trade accounts payable	34,421	33,053
Accrued expenses and other current liabilities	35,525	29,464
Income taxes payable		3,427
Current portion of operating lease liabilities	10,433	10,674
Current portion of finance lease liabilities	1,638	1,600
Current maturities of TRI long-term debt	573	557
Total current liabilities	82,590	78,775
Operating lease liabilities, less current maturities	104,112	106,120
Finance lease liabilities, less current maturities	37,361	37,434
Duluth long-term debt, less current maturities	84,750	39,332
TRI long-term debt, less current maturities	27,646	27,778
Deferred tax liabilities	8,302	8,505
Total liabilities	344,761	297,944
Commitments and contingencies
Shareholders’ equity:
Preferred stock, no par value; 10,000 shares authorized; no shares issued or outstanding as of May 3, 2020 and February 2, 2020
Treasury stock, at cost; 37 and 19 shares as of May 3, 2020 and February 2, 2020, respectively	(514)	(407)
Capital stock	91,451	90,902
Retained earnings	72,454	87,589
Accumulated other comprehensive (loss) income	(330)	188
Total shareholders' equity of Duluth Holdings Inc.	163,061	178,272
Noncontrolling interest	(2,210)	(2,166)
Total shareholders' equity	160,851	176,106
Total liabilities and shareholders' equity	505,612	474,050
Class A common stock
Shareholders’ equity:
Common stock
Class B common stock
Shareholders’ equity:
Common stock

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Inventory reserve for excess and obsolete items	$ 1,707	$ 1,826
Preferred stock, no par value
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Treasury stock, shares	37,000	19,000
Class A common stock
Common stock, no par value
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	3,364,000	3,364,000
Common stock, shares outstanding	3,364,000	3,364,000
Class B common stock
Common stock, no par value
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	29,417,000	29,191,000
Common stock, shares outstanding	29,380,000	29,172,000

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Condensed Consolidated Statements of Operations [Abstract]
Net sales	$ 109,917	$ 114,244
Cost of goods sold (excluding depreciation and amortization)	57,585	53,326
Gross profit	52,332	60,918
Selling, general and administrative expenses	71,306	70,609
Operating loss	(18,974)	(9,691)
Interest expense	1,350	841
Other income, net	59	204
Loss before income taxes	(20,265)	(10,328)
Income tax benefit	5,086	2,683
Net loss	(15,179)	(7,645)
Less: Net loss attributable to noncontrolling interest	(44)	(73)
Net loss attributable to controlling interest	$ (15,135)	$ (7,572)
Basic loss per share (Class A and Class B):
Weighted average shares of common stock outstanding, Basic	32,372	32,281
Net loss per share attributable to controlling interest, Basic	$ (0.47)	$ (0.23)
Diluted loss per share (Class A and Class B):
Weighted average shares and equivalents outstanding, Diluted	32,372	32,281
Net loss per share attributable to controlling interest, Diluted	$ (0.47)	$ (0.23)

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net loss	$ (15,179)	$ (7,645)
Other comprehensive income
Securities available-for-sale: Unrealized security loss arising during the period	(700)
Income tax benefit	182
Other comprehensive income	(518)
Comprehensive loss	(15,697)	(7,645)
Comprehensive loss attributable to noncontrolling interest	(44)	(73)
Comprehensive loss attributable to controlling interest	$ (15,653)	$ (7,572)

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591551-111686

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3000-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591552-111686

+ Details

Condensed Consolidated Statements of Shareholders’ Equity - USD ($) $ in Thousands	Capital stock [Member]	Treasury stock [Member]	Retained earnings [Member]	Accumulated other comprehensive income (loss) [Member]	Noncontrolling interest in variable interest entities [Member]	Total
Beginning balance at Feb. 03, 2019	$ 89,849	$ (92)	$ 70,592		$ (239)	$ 160,110
Beginning balance (in shares) at Feb. 03, 2019	32,574,000
Cumulative effect from adoption of ASC 606/842			(1,924)			(1,924)
Issuance of common stock	$ 134					134
Issuance of common stock, shares	149,000
Stock-based compensation	$ 433					433
Restricted stock forfeitures	$ (6)
Restricted stock surrendered for taxes		(277)				(277)
Restricted stock surrendered for taxes, shares	(15,000)
Net loss			(7,572)		(73)	(7,645)
Ending balance at May. 05, 2019	$ 90,416	(369)	61,096		(312)	150,831
Ending balance (in shares) at May. 05, 2019	32,703,000
Beginning balance at Feb. 02, 2020	$ 90,902	(407)	87,589	$ 188	(2,166)	176,106
Beginning balance (in shares) at Feb. 02, 2020	32,536,000
Issuance of common stock	$ 115					115
Issuance of common stock, shares	227,000
Stock-based compensation	$ 434					434
Restricted stock forfeitures, shares	(1,000)
Restricted stock surrendered for taxes		(107)				(107)
Restricted stock surrendered for taxes, shares	(18,000)
Other comprehensive income				(518)		(518)
Net loss			(15,135)		(44)	(15,179)
Ending balance at May. 03, 2020	$ 91,451	$ (514)	$ 72,454	$ (330)	$ (2,210)	$ 160,851
Ending balance (in shares) at May. 03, 2020	32,744,000

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Cash flows from operating activities:
Net loss	$ (15,179)	$ (7,645)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	6,689	4,392
Stock based compensation	463	474
Deferred income taxes	(21)	(302)
Changes in operating assets and liabilities:
Receivables	(1,989)	(4,012)
Inventory	(27,188)	(6,604)
Prepaid expense & other current assets	2,196	2,577
Deferred catalog costs	1,014	2,301
Trade accounts payable	(1,842)	1,221
Income taxes payable	(3,427)	(218)
Accrued expenses and deferred rent obligations	5,126	(5,295)
Noncash lease impacts	667
Net cash used in operating activities	(33,491)	(13,111)
Cash flows from investing activities:
Purchases of property and equipment	(4,059)	(8,015)
Capital contributions towards build-to-suit stores	(74)	(1,788)
Principal receipts from available-for-sale security	31	28
Change in other assets		13
Net cash used in investing activities	(4,102)	(9,762)
Cash flows from financing activities:
Proceeds from line of credit	37,484	70,172
Payments on line of credit	(21,816)	(47,474)
Proceeds from other borrowings	30,000
Payments on other borrowings	(250)
Payments on TRI long term debt	(116)	(119)
Payments on finance lease obligations	(392)	(37)
Shares withheld for tax payments on vested restricted stock	(107)	(277)
Other	(150)	93
Net cash provided by financing activities	44,653	22,358
Increase (decrease) in cash, cash equivalents and restricted cash	7,060	(515)
Cash, cash equivalents and restricted cash at beginning of period	2,240	3,085
Cash, cash equivalents and restricted cash at end of period	9,300	2,570
Supplemental disclosure of cash flow information:
Interest paid	1,447	986
Income taxes paid	37	2,179
Supplemental disclosure of non-cash information:
Unpaid liability to acquire property and equipment	$ 2,000	$ 846

Nature of Operations and Basis of Presentation

3 Months Ended

May 03, 2020

Nature of Operations and Basis of Presentation [Abstract]

Nature of Operations and Basis of Presentation

1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION

A. Nature of Operations

Duluth Holdings Inc. (“Duluth Trading” or the “Company”), a Wisconsin corporation, is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold exclusively through the Company’s own direct and retail channels. The Company’s products are marketed under the Duluth Trading brand, with the majority of products being exclusively developed and sold as Duluth Trading branded merchandise.

The Company has historically identified two operating segments, direct and retail. The direct segment, consisting of the Company’s website and catalogs, offers products nationwide. In 2010, the Company initiated its omnichannel platform with the opening of its first store. Since then, Duluth Trading has expanded its retail presence, and as of May 3, 2020, the Company operated 59 retail stores and three outlet stores. The Company identifies its operating segments according to how its business activities are managed and evaluated. The Company continues to grow its omnichannel distribution network which allows the consumer to interact with the Company through a consistent customer experience whether on the Company website or at Company stores. As the Company expands its distribution network, and in conjunction with assessing the similar nature of products sold, production process, distribution process, target customers and economic characteristics between the two segments, the Company determined that the historical structure of separate reporting segments for direct and retail was no longer representative. Therefore, as of February 3, 2020, the Company updated its segment reporting to one reportable external segment, consistent with the Company’s omnichannel business approach. The Company’s revenues generated outside the United States were insignificant.

The Company has two classes of authorized common stock: Class A common stock and Class B common stock. The rights of holders of Class A common stock and Class B common stock are identical, except for voting and conversion rights. Each share of Class A common stock is entitled to ten votes per share and is convertible at any time into one share of Class B common stock. Each share of Class B common stock is entitled to one vote per share. The Company’s Class B common stock trades on the NASDAQ Global Select Market under the symbol “DLTH.”

B. Basis of Presentation

The condensed consolidated financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”). The Company consolidates TRI Holdings, LLC (“TRI”) as a variable interest entity (see Note 6 “Variable Interest Entity” for further information). All significant intercompany balances and transactions have been eliminated in consolidation.

The Company’s fiscal year ends on the Sunday nearest to January 31 of the following year. Fiscal 2020 is a 52-week period and ends on January 31, 2021. Fiscal 2019 was a 52-week period and ended on February 2, 2020. The three months of fiscal 2020 and fiscal 2019 represent the Company’s 13-week periods ended May 3, 2020 and May 5, 2019, respectively.

The accompanying condensed consolidated financial statements as of and for the three months ended May 3, 2020 and May 5, 2019 have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of the Company, include all adjustments (which are normal and recurring in nature) necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim periods presented. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such SEC rules and regulations as of and for the three months ended May 3, 2020 and May 5, 2019. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company’s annual report on Form 10-K for the fiscal year ended February 2, 2020.

C. COVID-19

In March 2020, a novel strain of coronavirus (“COVID-19”) was declared a global pandemic by the World Health Organization. This pandemic has negatively affected the U.S. and global economies, disrupted global supply chains and financial markets, led to significant travel and transportation restrictions, including mandatory business closures and orders to shelter in place. The Company’s business operations and financial performance for the three months ended May 3, 2020 were impacted by COVID-19. These impacts are discussed within these notes to the condensed consolidated financial statements.

D. Impairment Analysis

The Company determined that the effects of COVID-19 may represent indicators of asset impairment, and as a result, performed interim impairment assessments for the Company’s intangible assets, long-lived assets and goodwill at May 3, 2020. Due to the nature of the Company’s intangible assets balance, the Company concluded that no indicators of impairment were present. Based on the interim impairment assessments, the Company performed undiscounted cash flow analyses on certain long-lived assets, including retail stores at the individual store level and determined that the estimated undiscounted future cash flows exceeded the net carrying values. Management performed a qualitative assessment of goodwill as of the years ended February 2, 2020 and February 3, 2019, and determined that it was more likely than not that the fair value of these assets was greater than their carrying amount; as such, no further evaluation of goodwill was deemed necessary. Due to the aforementioned effects of COVID-19, the Company performed an additional qualitative assessment of goodwill as of May 3, 2020 and also determined that it was more likely than not that the fair value of these assets was greater than their carrying value.

Based on these assessments, the Company concluded that no impairment losses had been incurred. However, the Company cannot predict the future impact or duration of the negative effect of COVID-19 and as a result, cannot reasonably predict the probability or amount of impairment losses that may be incurred in future periods.

E. Other Assets, net

Other assets, net includes goodwill, loan origination fees, trade names, security deposits and prepaid expenses. Goodwill was $0.4 million as of May 3, 2020 and February 2, 2020. The Company’s other intangible asset, net of accumulated amortization was $0.3 million as of May 3, 2020 and February 2, 2020. Accumulated amortization was $0.3 million as of May 3, 2020 and February 2, 2020.

F. Seasonality of Business

The Company’s business is affected by the pattern of seasonality common to most retail apparel businesses. Historically, the Company has recognized a significant portion of its revenue and operating profit in the fourth fiscal quarter of each year as a result of increased sales during the holiday season.

G. Restricted Cash and Reconciliation of cash and cash equivalents and restricted cash to the condensed statement of cash flows

The Company’s restricted cash is held in escrow accounts and is used to pay a portion of the construction loans entered into by third party landlords (the “Landlords”) in connection with the Company’s retail store leases. The restricted cash is disbursed based on the escrow agreements entered into by and among the Landlords, the Company and the escrow agent.

The Company considers short-term investments with original maturities of three months or less when purchased to be cash equivalents. Amounts receivable from credit card issuers are typically converted to cash within 2 to 4 days of the original sales transaction and are considered to be cash equivalents.

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheet that sum the total of the same such amounts shown in the condensed consolidated statement of cash flows.


	May 3, 2020		February 2, 2020
(in thousands)
Cash and cash equivalents	$	8,854	$	2,189
Restricted Cash		446		51
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statement of cash flows	$	9,300	$	2,240

H. Reclassifications

Certain reclassifications have been made to the 2019 financial statements in order to conform to the 2020 presentation. There were no changes to previously reported shareholders' equity or net income as a result of the reclassifications.

I. Significant Accounting Policies

Except as disclosed below, there have been no significant changes to the Company’s significant accounting policies as described in the Company’s Annual Report on Form 10-K for the year ended February 2, 2020.

Recently Adopted Accounting Pronouncements

On February 3, 2020, the Company adopted Accounting Standards Update (“ASU”) No. 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40) (“ASU 2018-15”) which provides additional guidance on the accounting for costs of implementation activities performed in a cloud computing arrangement that is a service contract. ASU 2018-15 requires a customer in a cloud computing arrangement that is a service contract to follow the new internal-use software guidance to determine which implementation costs to capitalize as assets or expense as incurred. The new internal-uses software guidance requires that certain costs incurred during the application development stage be capitalized and other costs incurred during the preliminary project and post-implementation stages be expensed as they are incurred. The Company adopted ASU 2018-15 using the prospective method. The adoption of ASU 2018-15 did not have a material impact on the Company’s condensed consolidated financial statements.

Leases

3 Months Ended

May 03, 2020

Leases [Abstract]

Leases

2. LEASES

Based on the criteria set forth in ASC Topic 842, Leases (“ASC 842”), the Company recognizes ROU assets and lease liabilities related to leases on the Company’s consolidated balance sheets. The Company determines if an arrangement is, or contains, a lease at inception. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities reflect the obligation to make lease payments arising from the lease. At any given time during the lease term, the lease liability represents the present value of the remaining lease payments and the ROU asset is measured at the amount of the lease liability, adjusted for pre-paid rent, unamortized initial direct costs and the remaining balance of lease incentives received. Both the lease ROU asset and liability are reduced to zero at the end of the lease.

The Company leases retail space under non-cancelable lease agreements, which expire on various dates through 2036. Substantially all of these arrangements are store leases. Store leases generally have initial lease terms ranging from five to fifteen years with renewal options and rent escalation provisions. At the commencement of a lease, the Company includes only the initial lease term as the option to extend is not reasonably certain. The Company does not record leases with a lease term of 12 months or less on the Company’s consolidated balance sheets.

When calculating the lease liability on a discounted basis, the Company applies its estimated discount. The Company bases this discount on a collateralized interest rate as well as publicly available data for instruments with similar characteristics.

In addition to rent payments, leases for retail space contain payments for real estate taxes, insurance costs, common area maintenance, and utilities that are not fixed. The Company accounts for these costs as variable payments and does not include such costs as a lease component.

Due to the adverse impacts of COVID-19, the Company has negotiated rent deferral and payback periods with a number of the Company’s store landlords for the months of April and May 2020. Based on the guidance set forth in the Financial Accounting Standards Board (“FASB”) issued Staff Q&A “Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic” the Company has accounted for these deferrals as if no changes to the lease contract were made and will not elect to apply the lease modification guidance under ASC 842. As of May 3, 2020 the Company has deferred rent of approximately $0.7 million which was recorded within accrued expenses and other current liabilities and will be paid in accordance with the concession arrangements.

The expense components of the Company’s leases reflected on the Company’s consolidated statement of operations were as follows:


		Three Months Ended		Three Months Ended
	Consolidated Statement of Operations	May 3, 2020		May 5, 2019
(in thousands)
Finance lease
Amortization of right-of-use assets	Selling, general and administrative expenses	$	657	$	175
Interest on lease liabilities	Interest expense		438		125
Total finance lease expense		$	1,095	$	300
Operating lease expense	Selling, general and administrative expenses	$	4,136	$	3,550
Amortization of build-to-suit leases capital contribution	Selling, general and administrative expenses		324		214
Variable lease expense	Selling, general and administrative expenses		1,761		1,612
Total lease expense		$	7,316	$	5,676

Other information related to leases were as follows:


	Three Months Ended		Three Months Ended
	May 3, 2020		May 5, 2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases	$	392	$	51
Operating cash flows from finance leases	$	439	$	125
Operating cash flows from operating leases	$	3,802	$	3,328

Right-of-use assets obtained in exchange for lease liabilities:
Finance leases	$	—	$	26,496
Operating leases	$	—	$	2,741

Weighted-average remaining lease term (in years):
Finance leases		14		15
Operating leases		10		10

Weighted-average discount rate:
Finance leases		4.5%		4.5%
Operating leases		4.3%		4.3%

Future minimum lease payments under the non-cancellable leases are as follows as of May 3, 2020:


Fiscal year	Finance		Operating
(in thousands)
2020 (remainder of fiscal year)	$	2,505	$	11,327
2021		3,368		14,881
2022		3,340		15,092
2023		3,362		15,283
2024		3,542		14,206
Thereafter		37,519		70,829
Total future minimum lease payments	$	53,636	$	141,618
Less – Discount		14,637		27,073
Lease liability	$	38,999	$	114,545

Debt and Line of Credit

3 Months Ended

May 03, 2020

Debt and Line of Credit [Abstract]

Debt and Line of Credit

3. DEBT AND LINE OF CREDIT

Debt consists of the following:


	May 3, 2020		February 2, 2020
(in thousands)
TRI Senior Secured Note	$	24,719	$	24,835
TRI Note		3,500		3,500
	$	28,219	$	28,335
Less: current maturities		573		557
TRI long-term debt	$	27,646	$	27,778

Line of credit	$	35,000	$	19,332
Delayed draw term loan		49,750		20,000
Duluth long-term debt	$	84,750	$	39,332

TRI Holdings, LLC

TRI entered into a senior secured note (“TRI Senior Secured Note”) with an original balance of $26.7 million. The TRI Senior Secured Note is scheduled to mature on October 15, 2038 and requires installment payments with an interest rate of 4.95%. See Note 6 “Variable Interest Entities” for further information.

TRI entered into a promissory note (“TRI Note”) with an original balance of $3.5 million. The TRI Note is scheduled to mature in November 2038 and requires annual interest payments at a rate of 3.05%, with a final balloon payment due in November 2038.

While the above notes are consolidated in accordance with ASC Topic 810, Consolidation, the Company is not the guarantor nor obligor of these notes.

Line of Credit

On May 17, 2018, the Company entered into a credit agreement (the “Credit Agreement”) which provides for borrowing availability of up to $80.0 million in revolving credit (the “Revolver”), and borrowing availability of up to $50.0 million in a delayed draw term loan (“DDTL”), for a total credit facility of $130.0 million. The $80.0 million revolving credit matures on May 17, 2023. The $50.0 million DDTL was available to draw upon in differing amounts through May 17, 2020 and matures on May 17, 2023. Outstanding balances under the DDTL require quarterly principal payments with a final balloon payment at maturity. The Credit Agreement is secured by essentially all Company assets and requires the Company to maintain compliance with certain financial and non-financial covenants, including a maximum rent adjusted leverage ratio and a minimum fixed charge coverage ratio as defined in the Credit Agreement.

On April 30, 2020, the Credit Agreement was amended to include an incremental DDTL of $20.5 million (the “Incremental DDTL”) that is available to draw upon before March 31, 2021, and matures on April 29, 2021, for a total credit facility of $150.5 million. As of May 3, 2020, no amount of the incremental DDTL was funded. The loan covenants were also amended to allow for greater flexibility during its peak borrowing periods in fiscal 2020. The interest rate applicable to the Revolver or DDTL will be a fixed rate for a one-, two-, three- or six-month interest period equal to LIBOR (with a 1% floor) for such interest period plus a margin of 225 to 300 basis points, based upon the Company’s rent adjusted leverage ratio (effective rate of 3.6% for both the Revolver and DDTL at May 3, 2020). The interest rate applicable to the Incremental DDTL will also be a fixed rate over the aforementioned interest periods equal to LIBOR (with a 1% floor) for such interest period plus a margin of 275 to 350 basis points.

As of May 3, 2020 and for the three months then ended, the Company was in compliance with all financial and non-financial covenants for all debts discussed above.

Accrued Expenses and Other Current Liabilities

3 Months Ended

May 03, 2020

Accrued Expenses and Other Current Liabilities [Abstract]

Accrued Expenses and Other Current Liabilities

4. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the following:


	May 3, 2020		February 2, 2020
(in thousands)
Salaries and benefits	$	3,736	$	2,775
Deferred revenue		7,890		9,946
Freight		5,544		5,404
Product returns		3,688		3,508
Catalog costs		49		542
Unpaid purchases of property & equipment		937		971
Accrued advertising		8,016		633
Other		5,665		5,685
Total accrued expenses and other current liabilities	$	35,525	$	29,464

Fair Value

3 Months Ended

May 03, 2020

Fair Value [Abstract]

Fair Value

5. FAIR VALUE

ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), defines fair value as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date (i.e., an exit price). The exit price is based on the amount that the holder of the asset or liability would receive or need to pay in an actual transaction (or in a hypothetical transaction if an actual transaction does not exist) at the measurement date. ASC 820 describes a fair value hierarchy based on three levels of inputs that may be used to measure fair value, of which the first two are considered observable and the last unobservable, as follows:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The fair value of the Company’s available-for-sale security was valued based on a discounted cash flow method (Level 3), which incorporates the U.S. Treasury yield curve, credit information and an estimate of future cash flows. During the three months ended May 3, 2020, certain changes in the inputs did impact the fair value of the available-for-sale security. The calculated fair value is based on estimates that are subjective in nature and involve uncertainties and matter of significant judgement and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

The amortized cost and fair value of the Company’s available-for-sale security and the corresponding amount of gross unrealized gains and losses recognized in accumulated other comprehensive income are as follows:

May 3, 2020

Cost or

Gross

Amortized

Unrealized

Estimated

Cost

Gains

Losses

Fair Value

(in thousands)

Level 3 security:

Corporate trust

6,147

—

446

5,701

The Company does not intend to sell the available-for-sale-security in the near term and does not believe that it will be required to sell the security. The Company reviews its securities on a quarterly basis to monitor its exposure to other-than-temporary impairment. The Company assessed the unrealized loss position as of May 3, 2020 and determined that the Company is expected to recover the entire amortized cost basis of the available-for-sale security.

Accordingly, no other-than-temporary impairment was recorded in the unaudited condensed consolidated statements of operations for the three months ended May 3, 2020.

February 2, 2020

Cost or

Gross

Amortized

Unrealized

Estimated

Cost

Gains

Losses

Fair Value

(in thousands)

Level 3 security:

Corporate trust

6,178

254

—

6,432

The following table presents future principal receipts related to the Company’s available-for-sale security by contractual maturity as of May 3, 2020.


	Amortized		Estimated
	Cost		Fair Value
(in thousands)
Within one year	$	135	$	111
After one year through five years		933		813
After five years through ten years		1,469		1,348
After ten years		3,610		3,429
Total	$	6,147	$	5,701

The carrying values and fair values of other financial instruments in the Consolidated Balance Sheets are as follows:


	May 3, 2020				February 2, 2020
		Carrying Amount		Fair Value		Carrying Amount		Fair Value
(in thousands)
TRI Long-term debt, including short-term portion	$	28,219	$	27,094	$	28,335	$	30,238

The above long-term debt, including short-term portion is attributable to the consolidation of TRI in accordance with ASC Topic 810, Consolidation. The fair value was also based on a discounted cash flow method (Level 3) based on credit information and an estimate of future cash flows.

As of May 3, 2020 and February 2, 2020, the carrying values of the long-term delayed draw term loan and long-term line of credit both approximated their fair value.

Variable Interest Entities

3 Months Ended

May 03, 2020

Variable Interest Entities [Abstract]

Variable Interest Entities

6. VARIABLE INTEREST ENTITY

Based upon the criteria set forth in ASC 810, Consolidation, the Company consolidates variable interest entities (“VIEs”) in which it has a controlling financial interest and is therefore deemed the primary beneficiary. A controlling financial interest will have both of the following characteristics: (a) the power to direct the VIE activities that most significantly impact economic performance; and (b) the obligation to absorb the VIE losses and the right to receive benefits that are significant to the VIE. The Company has determined that it was the primary beneficiary of one variable interest entity (“VIE”) as of May 3, 2020 and February 2, 2020.

The Company leases the Company’s headquarters in Mt. Horeb, Wisconsin from TRI. In conjunction with the lease, the Company invested $6.3 million in a trust that loaned funds to TRI for the construction of the Company’s headquarters. TRI is a Wisconsin limited liability company whose primary purpose and activity is to own this real property. The Company considers itself the primary beneficiary for TRI as the Company has both the power to direct the activities that most significantly impact the entity’s economic performance and is expected to receive benefits that are significant to TRI. As the Company is the primary beneficiary, it consolidates TRI and the lease is eliminated in consolidation. The Company does not consolidate the trust as the Company is not the primary beneficiary.

The condensed consolidated balance sheets include the following amounts as a result of the consolidation of TRI as of May 3, 2020 and February 2, 2020:


	May 3, 2020		February 2, 2020
(in thousands)
Cash	$	300	$	279
Property and equipment, net		25,826		25,981
Total assets	$	26,126	$	26,260

Other current liabilities	$	117	$	91
Current maturities of long-term debt		573		557
TRI Long-term debt		27,646		27,778
Noncontrolling interest in VIE		(2,210)		(2,166)
Total liabilities and shareholders' equity	$	26,126	$	26,260

Loss Per Share

3 Months Ended

May 03, 2020

Loss Per Share [Abstract]

Loss Per Share

7. LOSS PER SHARE

Loss per share is computed under the provisions of ASC 260, Earnings Per Share. Basic earnings (loss) per share is based on the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is based on the weighted average number of common shares plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock. The reconciliation of the numerator and denominator of the basic and diluted loss per share calculation is as follows:


	Three Months Ended
	May 3, 2020		May 5, 2019
(in thousands, except per share data)
Numerator - net loss attributable to controlling interest	$	(15,135)	$	(7,572)
Denominator - weighted average shares (Class A and Class B)
Basic		32,372		32,281
Dilutive shares		—		—
Diluted		32,372		32,281
Loss per share (Class A and Class B)
Basic	$	(0.47)	$	(0.23)
Diluted	$	(0.47)	$	(0.23)

The computation of diluted loss per share for the three months ended May 3, 2020 and May 5, 2019, excluded 0.1 million and 0.3 million shares of unvested restricted stock respectively, because their inclusion would be anti-dilutive due to a net loss.

Stock-Based Compensation

3 Months Ended

May 03, 2020

Stock-Based Compensation [Abstract]

Stock-Based Compensation

8. STOCK-BASED COMPENSATION

The Company accounts for its stock-based compensation plan in accordance with ASC 718, Stock Compensation, which requires the Company to measure all share-based payments at grant date fair value and recognize the cost over the requisite service period of the award.

Total stock compensation expense associated with restricted stock recognized by the Company was $0.4 million for the three months ended May 3, 2020 and May 5, 2019. The Company’s total stock compensation expense is included in selling, general and administrative expenses on the Condensed Consolidated Statements of Operations.

A summary of the activity in the Company’s unvested restricted stock during the three months ended May 3, 2020 is as follows:


		Weighted
		average
		fair value
	Shares	per share
Outstanding at February 2, 2020	192,094	$	17.71
Granted	199,319		8.29
Vested	(49,922)		18.93
Forfeited	(730)		18.00
Outstanding at May 3, 2020	340,761	$	12.02

At May 3, 2020, the Company had unrecognized compensation expense of $3.2 million related to the restricted stock awards, which is expected to be recognized over a weighted average period of 3.3 years.

Property and Equipment

3 Months Ended

May 03, 2020

Property and Equipment [Abstract]

Property and Equipment

9. PROPERTY AND EQUIPMENT

Property and equipment consist of the following:


	May 3, 2020		February 2, 2020
(in thousands)
Land and land improvements	$	4,486	$	4,486
Leasehold improvements		43,555		42,518
Buildings		35,903		35,903
Vehicles		161		161
Warehouse equipment		14,200		14,219
Office equipment and furniture		49,219		48,274
Computer equipment		7,538		7,432
Software		27,354		26,538
		182,416		179,531
Accumulated depreciation and amortization		(59,096)		(53,255)
		123,320		126,276
Construction in progress		13,933		10,795
Property and equipment, net	$	137,253	$	137,071

Revenue

3 Months Ended

May 03, 2020

Revenue [Abstract]

Revenue

10. REVENUE

The Company’s revenue primarily consists of the sale of apparel, footwear and hard goods. Revenue for merchandise that is shipped to our customers from our distribution centers and stores is recognized upon shipment. Store revenue is recognized at the point of sale, net of returns, and excludes taxes. Shipping and processing revenue generated from customer orders are included as a component of net sales and shipping and processing expense, including handling expense, is included as a component of selling, general and administrative expenses. Sales tax collected from customers and remitted to taxing authorities is excluded from revenue and is included in accrued expenses.

Sales disaggregated based upon sales channel is presented below.


	May 3, 2020		May 5, 2019
(in thousands)
Direct-to-consumer	$	86,530	$	65,701
Stores		23,387		48,543
	$	109,917	$	114,244

Contract Assets and Liabilities

The Company’s contract assets primarily consist of the right of return for amounts of inventory to be returned that is expected to be resold and is recorded in Prepaid expenses and other current assets on the Company’s consolidated balance sheets. The Company’s contract liabilities primarily consist of gift card liabilities and are recorded in accrued expenses and other current liabilities under deferred revenue (see Note 4 “Accrued Expenses and Other Current Liabilities”) on the Company’s consolidated balance sheets. Upon issuance of a gift card, a liability is established for its cash value. The gift card liability is relieved and revenues on gift cards are recorded at the time of redemption by the customer.

Contract assets and liabilities on the Company’s consolidated balance sheets are presented in the following table:


	May 3, 2020		February 2, 2020
(in thousands)
Contract assets	$	1,922	$	1,932
Contract liabilities	$	7,733	$	9,790

Revenue from gift cards is recognized when the gift card is redeemed by the customer for merchandise, or as a gift card breakage, an estimate of gift cards which will not be redeemed. The Company does not record breakage revenue when escheat liability to the relevant jurisdictions exists. Gift card breakage is recorded within Net sales on the Company’s consolidated statement of operations. The following table provides the reconciliation of the contract liability related to gift cards:


	May 3, 2020		May 5, 2019
(in thousands)
Balance as of Beginning of Period	$	9,790	$	8,508
Gift cards sold		1,545		2,067
Gift cards redeemed		(2,606)		(3,075)
Gift card breakage		(996)		-
Balance as of May 3, 2020 and May 5, 2019, respectively	$	7,733	$	7,500

Income Taxes	3 Months Ended
Income Taxes	May 03, 2020
Income Taxes [Abstract]
Income Taxes	11. INCOME TAXES The provision for income taxes for the interim period is based on an estimate of the annual effective tax rate adjusted to reflect the impact of discrete items. Management judgment is required in projecting ordinary income to estimate the Company’s annual effective tax rate. The effective tax rate related to controlling interest was 25% for the three months ended May 3, 2020 and 26% for the three months ended May 5, 2019. The income from TRI was excluded from the calculation of the Company’s effective tax rate, as TRI is a limited liability company and not subject to income taxes. On March 27, 2020 the United States enacted the CARES Act (the “Act”) to combat the negative economic impact of COVID-19. The CARES Act includes several provisions aimed at assisting corporate taxpayers, including correcting the drafting error from the Tax Cuts and Jobs Act related to the tax life for qualified improvement property, loosening of the interest deduction limitation in the 2019 and 2020 tax years and including the allowance of a five-year carryback for net operating losses originating in the 2018, 2019 and 2020 tax years. The effective tax rate for the three months ended May 3, 2020 was not materially impacted by the Act, but the Company is continuing to evaluate the Act’s provisions and how certain decisions may impact the Company’s financial position, results of operations and disclosures in future periods.

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	May 03, 2020
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	12. RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the FASB issued Accounting Standards Update No. 2016-13 “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” (“ASU 2016-13”), which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, which include trade and other receivables, loans and held-to-maturity debt securities, to record an allowance for credit risk based on expected losses rather than incurred losses, otherwise known as “CECL”. In addition, this guidance changes the recognition for credit losses on available-for-sale debt securities, which can occur as a result of market and credit risk and requires additional disclosures. On November 15, 2019, the FASB issued ASU No. 2019-10 “Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815, and Leases (Topic 842),” (ASU 2019-10”), which provides framework to stagger effective dates for future major accounting standards and amends the effective dates for certain major new accounting standards to give implementation relief to certain types of entities. ASU 2019-10 amends the effective dates for ASU 2016-13 for smaller reporting companies with fiscal years beginning after December 15, 2022, and interim periods within those years. The Company expects to adopt ASU 2016-13 on January 30, 2023, the first day of the Company’s first quarter for the fiscal year ending January 28, 2024, the Company’s fiscal year 2023. The Company is evaluating the level of impact adopting ASU 2016-13 will have on the Company’s consolidated financial statements.

Subsequent Events	3 Months Ended
Subsequent Events	May 03, 2020
Subsequent Events [Abstract]
Subsequent Events	13. SUBSEQUENT EVENTS Due to COVID-19 there have been mandates from federal, state and local authorities requiring forced closures of non-essential retailers, which could negatively impact the Company’s business. Although it is not possible to reliably estimate the length or severity of this outbreak and hence its financial impact, any significant reduction in customer visits to, and spending at, the Company’s stores caused by COVID-19 would result in loss of sales and profits and other material adverse effects.

Nature of Operations and Basis of Presentation (Policy)

3 Months Ended

May 03, 2020

Nature of Operations and Basis of Presentation [Abstract]

Nature of Operations

A. Nature of Operations

Basis of Presentation

B. Basis of Presentation

Covid-19

C. COVID-19

Impairment Analysis

D. Impairment Analysis

Other Assets, net

E. Other Assets, net

Seasonality of Business

F. Seasonality of Business

Restricted Cash and Reconciliation of cash and cash equivalents and restricted cash to the condensed statement of cash flows

G. Restricted Cash and Reconciliation of cash and cash equivalents and restricted cash to the condensed statement of cash flows


	May 3, 2020		February 2, 2020
(in thousands)
Cash and cash equivalents	$	8,854	$	2,189
Restricted Cash		446		51
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statement of cash flows	$	9,300	$	2,240

Reclassifications

H. Reclassifications

Significant Accounting Policies

I. Significant Accounting Policies

Recently Adopted Accounting Pronouncements

Nature of Operations and Basis of Presentation (Tables)

3 Months Ended

May 03, 2020

Nature of Operations and Basis of Presentation [Abstract]

Schedule of Reconciliation of Cash and Restricted Cash


	May 3, 2020		February 2, 2020
(in thousands)
Cash and cash equivalents	$	8,854	$	2,189
Restricted Cash		446		51
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statement of cash flows	$	9,300	$	2,240

Leases (Tables)

3 Months Ended

May 03, 2020

Leases [Abstract]

Expense Components Leases Reflected Consolidated Statement of Operations


		Three Months Ended		Three Months Ended
	Consolidated Statement of Operations	May 3, 2020		May 5, 2019
(in thousands)
Finance lease
Amortization of right-of-use assets	Selling, general and administrative expenses	$	657	$	175
Interest on lease liabilities	Interest expense		438		125
Total finance lease expense		$	1,095	$	300
Operating lease expense	Selling, general and administrative expenses	$	4,136	$	3,550
Amortization of build-to-suit leases capital contribution	Selling, general and administrative expenses		324		214
Variable lease expense	Selling, general and administrative expenses		1,761		1,612
Total lease expense		$	7,316	$	5,676

Other Information Related to Leases


	Three Months Ended		Three Months Ended
	May 3, 2020		May 5, 2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases	$	392	$	51
Operating cash flows from finance leases	$	439	$	125
Operating cash flows from operating leases	$	3,802	$	3,328

Right-of-use assets obtained in exchange for lease liabilities:
Finance leases	$	—	$	26,496
Operating leases	$	—	$	2,741

Weighted-average remaining lease term (in years):
Finance leases		14		15
Operating leases		10		10

Weighted-average discount rate:
Finance leases		4.5%		4.5%
Operating leases		4.3%		4.3%

Future Minimum Lease Payments Under Non-Cancellable Leases


Fiscal year	Finance		Operating
(in thousands)
2020 (remainder of fiscal year)	$	2,505	$	11,327
2021		3,368		14,881
2022		3,340		15,092
2023		3,362		15,283
2024		3,542		14,206
Thereafter		37,519		70,829
Total future minimum lease payments	$	53,636	$	141,618
Less – Discount		14,637		27,073
Lease liability	$	38,999	$	114,545

Debt and Line of Credit (Tables)

3 Months Ended

May 03, 2020

Debt and Line of Credit [Abstract]

Schedule of Debt


	May 3, 2020		February 2, 2020
(in thousands)
TRI Senior Secured Note	$	24,719	$	24,835
TRI Note		3,500		3,500
	$	28,219	$	28,335
Less: current maturities		573		557
TRI long-term debt	$	27,646	$	27,778

Line of credit	$	35,000	$	19,332
Delayed draw term loan		49,750		20,000
Duluth long-term debt	$	84,750	$	39,332

Accrued Expenses and Other Current Liabilities (Tables)

3 Months Ended

May 03, 2020

Accrued Expenses and Other Current Liabilities [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities


	May 3, 2020		February 2, 2020
(in thousands)
Salaries and benefits	$	3,736	$	2,775
Deferred revenue		7,890		9,946
Freight		5,544		5,404
Product returns		3,688		3,508
Catalog costs		49		542
Unpaid purchases of property & equipment		937		971
Accrued advertising		8,016		633
Other		5,665		5,685
Total accrued expenses and other current liabilities	$	35,525	$	29,464

Fair Value (Tables)

3 Months Ended

May 03, 2020

Fair Value [Abstract]

Amortized Cost, Fair Value, and Corresponding Amount of Gross Unrealized Gains and Losses Recognized in AOCI of Available-for-Sale Security

May 3, 2020

Cost or

Gross

Amortized

Unrealized

Estimated

Cost

Gains

Losses

Fair Value

(in thousands)

Level 3 security:

Corporate trust

6,147

—

446

5,701

Accordingly, no other-than-temporary impairment was recorded in the unaudited condensed consolidated statements of operations for the three months ended May 3, 2020.

February 2, 2020

Cost or

Gross

Amortized

Unrealized

Estimated

Cost

Gains

Losses

Fair Value

(in thousands)

Level 3 security:

Corporate trust

6,178

254

—

6,432

Future Principal Receipts Related to Available-For-Sale Security by Contractual Maturity


	Amortized		Estimated
	Cost		Fair Value
(in thousands)
Within one year	$	135	$	111
After one year through five years		933		813
After five years through ten years		1,469		1,348
After ten years		3,610		3,429
Total	$	6,147	$	5,701

Carrying Values and Fair Values of Other Financial Instruments in Consolidated Balance Sheets


	May 3, 2020				February 2, 2020
		Carrying Amount		Fair Value		Carrying Amount		Fair Value
(in thousands)
TRI Long-term debt, including short-term portion	$	28,219	$	27,094	$	28,335	$	30,238

Variable Interest Entities (Tables)

3 Months Ended

May 03, 2020

Variable Interest Entities [Abstract]

Schedule Assets and Liabilities of Variable Interest Entity


	May 3, 2020		February 2, 2020
(in thousands)
Cash	$	300	$	279
Property and equipment, net		25,826		25,981
Total assets	$	26,126	$	26,260

Other current liabilities	$	117	$	91
Current maturities of long-term debt		573		557
TRI Long-term debt		27,646		27,778
Noncontrolling interest in VIE		(2,210)		(2,166)
Total liabilities and shareholders' equity	$	26,126	$	26,260

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Loss Per Share (Tables)

3 Months Ended

May 03, 2020

Loss Per Share [Abstract]

Reconciliation of Numerator and Denominator of Basic and Diluted Loss Per Share


	Three Months Ended
	May 3, 2020		May 5, 2019
(in thousands, except per share data)
Numerator - net loss attributable to controlling interest	$	(15,135)	$	(7,572)
Denominator - weighted average shares (Class A and Class B)
Basic		32,372		32,281
Dilutive shares		—		—
Diluted		32,372		32,281
Loss per share (Class A and Class B)
Basic	$	(0.47)	$	(0.23)
Diluted	$	(0.47)	$	(0.23)

Stock-Based Compensation (Tables)

3 Months Ended

May 03, 2020

Stock-Based Compensation [Abstract]

Summary of Activity in Unvested Restricted Stock


		Weighted
		average
		fair value
	Shares	per share
Outstanding at February 2, 2020	192,094	$	17.71
Granted	199,319		8.29
Vested	(49,922)		18.93
Forfeited	(730)		18.00
Outstanding at May 3, 2020	340,761	$	12.02

Property and Equipment (Tables)

3 Months Ended

May 03, 2020

Property and Equipment [Abstract]

Schedule of Property and Equipment


	May 3, 2020		February 2, 2020
(in thousands)
Land and land improvements	$	4,486	$	4,486
Leasehold improvements		43,555		42,518
Buildings		35,903		35,903
Vehicles		161		161
Warehouse equipment		14,200		14,219
Office equipment and furniture		49,219		48,274
Computer equipment		7,538		7,432
Software		27,354		26,538
		182,416		179,531
Accumulated depreciation and amortization		(59,096)		(53,255)
		123,320		126,276
Construction in progress		13,933		10,795
Property and equipment, net	$	137,253	$	137,071

Revenue (Tables)

3 Months Ended

May 03, 2020

Revenue [Abstract]

Sales Disaggregated Based Upon Sales Channel


	May 3, 2020		May 5, 2019
(in thousands)
Direct-to-consumer	$	86,530	$	65,701
Stores		23,387		48,543
	$	109,917	$	114,244

Contract Assets and Liabilities on Consolidated Balance Sheets


	May 3, 2020		February 2, 2020
(in thousands)
Contract assets	$	1,922	$	1,932
Contract liabilities	$	7,733	$	9,790

Reconciliation of Contract Liability Related to Gift Cards


	May 3, 2020		May 5, 2019
(in thousands)
Balance as of Beginning of Period	$	9,790	$	8,508
Gift cards sold		1,545		2,067
Gift cards redeemed		(2,606)		(3,075)
Gift card breakage		(996)		-
Balance as of May 3, 2020 and May 5, 2019, respectively	$	7,733	$	7,500

Nature of Operations and Basis of Presentation (Narrative) (Details)	3 Months Ended
	May 03, 2020 USD ($) segment store item	Feb. 02, 2020 USD ($)
Number of operating segments \| segment	2
Number of reportable segments \| segment	1
Number of retail stores \| store	59
Number of outlet stores \| store	3
Number of classes of authorized common stock \| item	2
Common stock voting and conversion rights	Each share of Class A common stock is entitled to ten votes per share and is convertible at any time into one share of Class B common stock. Each share of Class B common stock is entitled to one vote per share.
Impairment of assets	$ 0
Goodwill	400,000	$ 400,000
Other intangible asset, net of accumulated amortization of $294 and $280, respectively	300,000	300,000
Accumulated amortization of other assets	$ 300,000	$ 300,000
Class A common stock
Number of votes per share \| item	10
Class B common stock
Number of votes per share \| item	1

Nature of Operations and Basis of Presentation (Schedule of Reconciliation of Cash and Restricted Cash) (Details) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020	May 05, 2019	Feb. 03, 2019
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 8,854	$ 2,189
Restricted cash	446	51
Total cash and restricted cash shown in the condensed consolidated statement of cash flows	$ 9,300	$ 2,240	$ 2,570	$ 3,085

Leases (Narrative) (Details) - USD ($)	May 03, 2020	Feb. 02, 2020
Operating lease right-of-use assets	$ 117,330,000	$ 120,431,000
Operating lease liability	114,545,000
Deferred rent	104,112,000	$ 106,120,000
Covid-19 [Member]
Deferred rent	700,000
Accounting Standards Update 2016-02 [Member]
Operating lease right-of-use assets	0
Operating lease liability	$ 0
Minimum [Member]
Store leases initial lease term	5 years
Maximum [Member]
Store leases initial lease term	15 years

Leases (Expense Components Leases Reflected Consolidated Statement of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Total finance lease expense	$ 1,095	$ 300
Total lease expense	7,316	5,676
Selling, General and Administrative Expenses [Member]
Finance lease: Amortization of right-of-use assets	657	175
Operating lease expense	4,136	3,550
Amortization of build-to-suit leases capital contribution	324	214
Variable lease expense	1,761	1,612
Interest Expense [Member]
Finance lease: Interest on lease liabilities	$ 438	$ 125

Leases (Other Information Related To Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases	$ 392	$ 51
Operating cash flows from finance leases	439	125
Operating cash flows from operating leases	$ 3,802	3,328
Right-of-use assets obtained in exchange for lease liabilities:
Finance leases		26,496
Operating leases		$ 2,741
Weighted-average remaining lease term (in years):
Finance leases	14 years	15 years
Operating leases	10 years	10 years
Weighted-average discount rate:
Finance leases	4.50%	4.50%
Operating leases	4.30%	4.30%

Leases (Future Minimum Lease Payments Under Non-Cancellable Leases) (Details) $ in Thousands	May 03, 2020 USD ($)
Finance
2020 (remainder of fiscal year)	$ 2,505
2021	3,368
2022	3,340
2023	3,362
2024	3,542
Thereafter	37,519
Total future minimum lease payments	53,636
Less – Discount	14,637
Lease liability	38,999
Operating
2020 (remainder of fiscal year)	11,327
2021	14,881
2022	15,092
2023	15,283
2024	14,206
Thereafter	70,829
Total future minimum lease payments	141,618
Less – Discount	27,073
Lease liability	$ 114,545

Debt and Line of Credit (Narrative) (Details) - USD ($)			3 Months Ended
Debt and Line of Credit (Narrative) (Details) - USD ($)	Apr. 30, 2020	May 17, 2018	May 03, 2020
Floor Rate [Member] \| Delayed Draw Term Loan ("DDTL") [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate	1.00%
Floor Rate [Member] \| Incremental Delayed Draw Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate	1.00%
TRI Senior Secured Note [Member]
Debt Instrument [Line Items]
Debt, original balance			$ 26,700,000
Debt instrument, maturity date			Oct. 15, 2038
Debt instrument stated percentage interest rate			4.95%
TRI Note [Member]
Debt Instrument [Line Items]
Debt, original balance			$ 3,500,000
Debt instrument, maturity date			Nov. 01, 2038
Debt instrument stated percentage interest rate			3.05%
Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$ 150,500,000
Debt instrument description of variable interest rate			On April 30, 2020, the Credit Agreement was amended to include an incremental DDTL of $20.5 million (the "Incremental DDTL") that is available to draw upon before March 31, 2021, and matures on April 29, 2021, for a total credit facility of $150.5 million. As of May 3, 2020, no amount of the incremental DDTL was funded. The loan covenants were also amended to allow for greater flexibility during its peak borrowing periods in fiscal 2020. The interest rate applicable to the Revolver or DDTL will be a fixed rate for a one-, two-, three- or six-month interest period equal to LIBOR (with a 1% floor) for such interest period plus a margin of 225 to 300 basis points, based upon the Company's rent adjusted leverage ratio (effective rate of 3.6% for both the Revolver and DDTL at May 3, 2020). The interest rate applicable to the Incremental DDTL will also be a fixed rate over the aforementioned interest periods equal to LIBOR (with a 1% floor) for such interest period plus a margin of 275 to 350 basis points.
Amended Credit Agreement [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, effective rate	3.60%
Amended Credit Agreement [Member] \| Delayed Draw Term Loan ("DDTL") [Member]
Debt Instrument [Line Items]
Line of credit maturity date	Apr. 29, 2021
Amended Credit Agreement [Member] \| Incremental Delayed Draw Term Loan [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$ 20,500,000
Outstanding borrowing			$ 0
Credit Agreement [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 130,000,000
Credit Agreement [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 80,000,000
Line of credit maturity date		May 17, 2023
Credit Agreement [Member] \| Delayed Draw Term Loan ("DDTL") [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 50,000,000
Line of credit maturity date		May 17, 2023
Minimum [Member] \| Amended Credit Agreement [Member] \| London interbank offered rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument variable interest rate	2.25%
Minimum [Member] \| Amended Credit Agreement [Member] \| London interbank offered rate (LIBOR) \| Incremental Delayed Draw Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate	2.75%
Maximum [Member] \| Amended Credit Agreement [Member] \| London interbank offered rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument variable interest rate	3.00%
Maximum [Member] \| Amended Credit Agreement [Member] \| London interbank offered rate (LIBOR) \| Incremental Delayed Draw Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate	3.50%

Debt and Line of Credit (Schedule of Debt) (Details) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Debt Instrument [Line Items]
Less: current maturities	$ 573	$ 557
TRI Long-term Debt [Member]
Debt Instrument [Line Items]
Debt	28,219	28,335
Less: current maturities	573	557
Long-term debt	27,646	27,778
TRI Senior Secured Note [Member]
Debt Instrument [Line Items]
Debt	24,719	24,835
TRI Note [Member]
Debt Instrument [Line Items]
Debt	3,500	3,500
Line of Credit [Member]
Debt Instrument [Line Items]
Long-term debt	35,000	19,332
Delayed Draw Term Loan ("DDTL") [Member]
Debt Instrument [Line Items]
Long-term debt	49,750	20,000
Duluth Long Term Debt [Member]
Debt Instrument [Line Items]
Long-term debt	$ 84,750	$ 39,332

Accrued Expenses and Other Current Liabilities (Schedule of Accrued Expenses and Other Current Liabilities) (Details) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Accrued Expenses and Other Current Liabilities [Abstract]
Salaries and benefits	$ 3,736	$ 2,775
Deferred revenue	7,890	9,946
Freight	5,544	5,404
Product returns	3,688	3,508
Catalog costs	49	542
Unpaid purchases of property & equipment	937	971
Accrued advertising	8,016	633
Other	5,665	5,685
Total accrued expenses and other current liabilities	$ 35,525	$ 29,464

Fair Value (Narrative) (Details)	3 Months Ended
Fair Value (Narrative) (Details)	May 03, 2020 USD ($)
Available For Sale Securities [Abstract]
Other-than-temporary impairment	$ 0

Fair Value (Amortized Cost, Fair Value, and Corresponding Amount of Gross Unrealized Gains and Losses Recognized in AOCI of Available-for-Sale Security) (Details) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value	$ 5,701	$ 6,432
Fair Value, Inputs, Level 3 [Member] \| Corporate Trust [Member]
Debt Securities, Available-for-sale [Line Items]
Cost or Amortized Cost	6,147	6,178
Gross Unrealized Gains		254
Gross Unrealized Losses	446
Estimated Fair Value	$ 5,701	$ 6,432

Fair Value (Future Principal Receipts Related to Available-For-Sale Security by Contractual Maturity) (Details) $ in Thousands	May 03, 2020 USD ($)
Available For Sale Securities [Abstract]
Amortized Cost, Within one year	$ 135
Amortized Cost, After one year through five years	933
Amortized Cost, After five years through ten years	1,469
Amortized Cost, After ten years	3,610
Amortized Cost, Total	6,147
Estimated Fair Value, Within one year	111
Estimated Fair Value, After one year through five years	813
Estimated Fair Value, After five years through ten years	1,348
Estimated Fair Value, After ten years	3,429
Estimated Fair Value, Total	$ 5,701

Fair Value (Carrying Values and Fair Values of Other Financial Instruments in Consolidated Balance Sheets) (Details) - TRI Long-term Debt, Including Short-term Portion [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Carrying Amount	$ 28,219	$ 28,335
Fair Value	$ 27,094	$ 30,238

Variable Interest Entities (Narrative) (Details) $ in Millions	3 Months Ended
	May 03, 2020 USD ($) entity	Feb. 02, 2020 entity
Variable Interest Entities [Line Items]
Number of variable interest entity \| entity	1	1
Wisconsin [Member] \| TRI Holdings, LLC [Member]
Variable Interest Entities [Line Items]
Amount invested in a trust \| $	$ 6.3

Variable Interest Entities (Schedule Assets and Liabilities of Variable Interest Entity) (Details) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Variable Interest Entity [Line Items]
Cash and cash equivalents	$ 8,854	$ 2,189
Property and equipment, net	137,253	137,071
Total assets	505,612	474,050
Current maturities of TRI long-term debt	573	557
Noncontrolling interest in VIE	(2,210)	(2,166)
Total liabilities and shareholders' equity	505,612	474,050
Wisconsin [Member] \| TRI Holdings, LLC [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	300	279
Property and equipment, net	25,826	25,981
Total assets	26,126	26,260
Other current liabilities	117	91
Current maturities of TRI long-term debt	573	557
TRI Long-term debt	27,646	27,778
Noncontrolling interest in VIE	(2,210)	(2,166)
Total liabilities and shareholders' equity	$ 26,126	$ 26,260

Loss Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended
	May 03, 2020	May 05, 2019
Unvested Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of loss per share amount	0.1	0.3

Loss Per Share (Reconciliation of Numerator and Denominator of Basic and Diluted Loss Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Loss Per Share [Abstract]
Net loss attributable to controlling interest	$ (15,135)	$ (7,572)
Basic weighted average shares	32,372	32,281
Diluted weighted average shares	32,372	32,281
Loss per share (Class A and Class B), Basic	$ (0.47)	$ (0.23)
Loss per share (Class A and Class B), Diluted	$ (0.47)	$ (0.23)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

+ Details

- Definition

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

+ References + Details

Stock-Based Compensation (Narrative) (Details) - Unvested Restricted Stock [Member] - USD ($) $ in Millions	3 Months Ended
	May 03, 2020	May 05, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 0.4	$ 0.4
Unrecognized compensation expense	$ 3.2
Unrecognized compensation expense, weighted average recognition period	3 years 3 months 18 days

Stock-Based Compensation (Summary of Activity in Unvested Restricted Stock) (Details) - Unvested Restricted Stock [Member]	3 Months Ended
	May 03, 2020 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, shares \| shares	192,094
Granted \| shares	199,319
Vested \| shares	(49,922)
Forfeited \| shares	(730)
Ending balance, shares \| shares	340,761
Weighted average grant date fair value per share, beginning balance \| $ / shares	$ 17.71
Weighted average grant date fair value per share, Granted \| $ / shares	8.29
Weighted average fair value per share, Vested \| $ / shares	18.93
Weighted average fair value per share, Forfeited \| $ / shares	18.00
Weighted average grant date fair value per share, ending balance \| $ / shares	$ 12.02

Property and Equipment (Schedule of Property and Equipment) (Details) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Property, Plant and Equipment [Line Items]
Property and equipment	$ 182,416	$ 179,531
Accumulated depreciation and amortization	(59,096)	(53,255)
Property and equipment net excluding construction in progress	123,320	126,276
Property and equipment, net	137,253	137,071
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	4,486	4,486
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	43,555	42,518
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	35,903	35,903
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	161	161
Warehouse Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	14,200	14,219
Office Equipment and Furniture [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	49,219	48,274
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	7,538	7,432
Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	27,354	26,538
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 13,933	$ 10,795

Revenue (Sales Disaggregated Based Upon Sales Channel) (Details) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 109,917	$ 114,244
Direct-to-Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenue	86,530	65,701
Stores [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 23,387	$ 48,543

Revenue (Contract Assets and Liabilities on Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020	May 05, 2019	Feb. 03, 2019
Revenue [Abstract]
Contract assets	$ 1,922	$ 1,932
Contract liabilities	$ 7,733	$ 9,790	$ 7,500	$ 8,508

Revenue (Reconciliation of Contract Liability Related to Gift Cards) (Details) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Balance as of Beginning of Period	$ 9,790	$ 8,508
Balance as of End of Period	7,733	7,500
Gift Cards Sold [Member]
Increase (decrease) in gift cards	1,545	2,067
Gift Cards Redeemed [Member]
Increase (decrease) in gift cards	(2,606)	(3,075)
Gift Card Breakage [Member]
Increase (decrease) in gift cards	$ (996)

Income Taxes (Narrative) (Details)	3 Months Ended
Income Taxes (Narrative) (Details)	May 03, 2020	May 05, 2019
Income Taxes [Abstract]
Effective tax rate related to controlling interest	25.00%	26.00%
Carryback period for net operating losses	5 years