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Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Jan. 31, 2020	Mar. 18, 2020	Aug. 02, 2019
Cover [Abstract]
Entity Registrant Name	Lands' End, Inc.
Document Type	10-K
Trading Symbol	LE
Current Fiscal Year End Date	--01-31
Entity Common Stock, Shares Outstanding		32,381,612
Amendment Flag	false
Entity Central Index Key	0000799288
Entity Filer Category	Accelerated Filer
Document Period End Date	Jan. 31, 2020
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Public Float			$ 112.4
Security Exchange Name	NASDAQ
Entity File Number	001-09769
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-2512786
Entity Address, Address Line One	1 Lands’ End Lane
Entity Address, City or Town	Dodgeville
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53595
City Area Code	608
Local Phone Number	935-9341
Document Annual Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, par value $0.01 per share

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Income Statement [Abstract]
Net revenue	$ 1,450,201	$ 1,451,592	$ 1,406,677
Cost of sales (excluding depreciation and amortization)	828,309	835,536	809,474
Gross profit	621,892	616,056	597,203
Selling and administrative	543,962	545,590	538,939
Depreciation and amortization	31,136	27,558	24,910
Other operating expense, net	1,357	309	4,269
Total costs and expenses	576,455	573,457	568,118
Operating income	45,437	42,599	29,085
Interest expense	25,987	28,909	25,929
Other (income) expense, net	(1,912)	4,059	2,708
Income before income taxes	21,362	9,631	448
Income tax expense (benefit)	2,072	(1,959)	(27,747)
NET INCOME	$ 19,290	$ 11,590	$ 28,195
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO STOCKHOLDERS
Basic:	$ 0.60	$ 0.36	$ 0.88
Diluted:	$ 0.60	$ 0.36	$ 0.88
Basic weighted average common shares outstanding	32,343	32,190	32,076
Diluted weighted average common shares outstanding	32,345	32,526	32,110

Consolidated Statements of Comprehensive Operations - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Statement Of Income And Comprehensive Income [Abstract]
NET INCOME	$ 19,290	$ 11,590	$ 28,195
Other comprehensive (loss) income, net of tax, foreign currency translation adjustments	195	(2,591)	4,282
COMPREHENSIVE INCOME	$ 19,485	$ 8,999	$ 32,477

- Definition

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

+ References + Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019
Current assets
Cash and cash equivalents	$ 77,148	$ 193,405
Restricted cash	2,149	1,948
Accounts receivable, net	50,953	34,549
Inventories, net	375,670	321,905
Prepaid expenses and other current assets	39,458	36,574
Total current assets	545,378	588,381
Property and equipment, net	157,665	149,894
Operating lease right-of-use asset	38,665
Goodwill	110,000	110,000
Intangible asset, net	257,000	257,000
Other assets	4,921	5,636
TOTAL ASSETS	1,113,629	1,110,911
Current liabilities
Current borrowings and short-term debt	5,150	5,150
Accounts payable	158,436	123,827
Lease liability - current	5,864
Other current liabilities	114,116	112,274
Total current liabilities	283,566	241,251
Long-term debt, net	378,657	482,453
Lease liability - long-term	39,841
Deferred tax liabilities	57,651	58,670
Other liabilities	5,532	5,826
TOTAL LIABILITIES	765,247	788,200
Commitments and contingencies
STOCKHOLDERS' EQUITY
Common stock, par value $0.01- authorized: 480,000 shares; issued and outstanding: 32,382 and 32,220, respectively	324	320
Additional paid-in capital	360,656	352,733
Retained earnings (Accumulated deficit)	390	(17,159)
Accumulated other comprehensive loss	(12,988)	(13,183)
TOTAL STOCKHOLDERS' EQUITY	348,382	322,711
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,113,629	$ 1,110,911

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2020	Feb. 01, 2019
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	480,000,000	480,000,000
Common stock, shares issued	32,382,000	32,220,000
Common stock, shares outstanding	32,382,000	32,220,000

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 19,290	$ 11,590	$ 28,195
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	31,136	27,558	24,910
Amortization of debt issuance costs	1,722	1,755	1,904
(Gain) loss on disposal of property and equipment	(266)	278	348
Stock-based compensation	8,690	6,161	3,951
Deferred income taxes	(456)	223	(32,757)
Other	1,635
Change in operating assets and liabilities:
Inventories	(53,819)	7,773	(2,709)
Accounts payable	32,716	(29,433)	(6,950)
Other operating assets	(16,908)	17,824	(3,234)
Other operating liabilities	3,549	4,471	14,779
Net cash provided by operating activities	27,289	48,200	28,437
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of property and equipment	906	456	68
Purchases of property and equipment	(38,878)	(44,852)	(38,145)
Net cash used in investing activities	(37,972)	(44,396)	(38,077)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowing under ABL Facility	99,550
Payments of borrowing under ABL Facility	(99,550)
Payments of term-loan	(105,150)	(5,150)	(5,150)
Payments of employee withholding taxes on share-based compensation	(763)	(603)	(747)
Debt issuance costs			(1,515)
Net cash used in financing activities	(105,913)	(5,753)	(7,412)
Effects of exchange rate changes on cash, cash equivalents and restricted cash	540	(635)	(1,419)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(116,056)	(2,584)	(18,471)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR	195,353	197,937	216,408
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR	79,297	195,353	197,937
SUPPLEMENTAL CASH FLOW DATA
Unpaid liability to acquire property and equipment	7,364	5,521	7,756
Income taxes paid, net of refunds	3,069	1,221	3,379
Interest paid	$ 23,728	$ 27,243	$ 23,458

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock Issued	Additional Paid-In Capital	(Accumulated Deficit) / Retained Earnings	Accumulated Other Comprehensive Loss
Balance at Jan. 27, 2017	$ 271,412	$ 320	$ 343,971	$ (60,453)	$ (12,426)
Balance, shares at Jan. 27, 2017		32,029
Net income	28,195			28,195
Cumulative translation adjustment, net of tax	4,282				4,282
Impact of Tax Act	2,448			2,448	(2,448)
Stock-based compensation expense	3,951		3,951
Vesting of restricted shares, shares		110
Restricted stock shares surrendered for taxes	(747)		(747)
Restricted stock shares surrendered for taxes, shares		(38)
Balance at Feb. 02, 2018	307,093	$ 320	347,175	(29,810)	(10,592)
Balance, shares at Feb. 02, 2018		32,102
Net income	11,590			11,590
Cumulative translation adjustment, net of tax	(2,591)				(2,591)
Change in accounting principle \| Accounting Standards Update 2014-09	1,061			1,061
Stock-based compensation expense	6,161		6,161
Vesting of restricted shares, shares		151
Restricted stock shares surrendered for taxes	(603)		(603)
Restricted stock shares surrendered for taxes, shares		(33)
Balance at Feb. 01, 2019	322,711	$ 320	352,733	(17,159)	(13,183)
Balance, shares at Feb. 01, 2019		32,220
Net income	19,290			19,290
Cumulative translation adjustment, net of tax	195				195
Change in accounting principle \| Accounting Standards Update 2016-02	(1,741)			(1,741)
Stock-based compensation expense	8,690		8,690
Vesting of restricted shares		$ 4	(4)
Vesting of restricted shares, shares		210
Restricted stock shares surrendered for taxes	(763)		(763)
Restricted stock shares surrendered for taxes, shares		(48)
Balance at Jan. 31, 2020	$ 348,382	$ 324	$ 360,656	$ 390	$ (12,988)
Balance, shares at Jan. 31, 2020		32,382

Background and Basis of Presentation

12 Months Ended

Jan. 31, 2020

Organization Consolidation And Presentation Of Financial Statements Abstract

Background and Basis of Presentation

NOTE 1. BACKGROUND AND BASIS OF PRESENTATION

Description of Business

Lands' End, Inc. ("Lands' End" or the "Company") is a leading uni-channel retailer of casual clothing, accessories, footwear and home products. Lands' End offers products online at www.landsend.com, on third party online marketplaces and through retail locations.

Terms that are commonly used in the Company's notes to consolidated financial statements are defined as follows:

•

ABL Facility - Asset-based senior secured credit agreements, dated as of November 16, 2017, with Wells Fargo, N.A. and certain other lenders

•

ASC - Financial Accounting Standards Board Accounting Standards Codification, which serves as the source for authoritative GAAP, as supplemented by rules and interpretive releases by the SEC which are also sources of authoritative GAAP for SEC registrants

•

ASU - Financial Accounting Standards Board Accounting Standards Update

•

CAM - Common area maintenance for leased properties

•

Debt Facilities - Collectively, the ABL Facility and the Term Loan Facility

•

Deferred Awards - Time vesting stock awards

•

EPS - Earnings per share

•

ERP - Enterprise resource planning software solutions

•

ESL - ESL Investments, Inc. and its investment affiliates, including Edward S. Lampert

•

FASB - Financial Accounting Standards Board

•

First Quarter 2019 - The 13 weeks ended May 3, 2019

•

Fiscal 2020 – The Company’s next fiscal year representing the 52 weeks ending January 29, 2021

•

Fourth Quarter 2019 – The 13 weeks ended January 31, 2020

•

GAAP - Accounting principles generally accepted in the United States

•

LIBOR - London inter-bank offered rate

•

Performance Awards - Performance-based stock awards

•

Option Awards - Stock option awards

•

Sears Holdings or Sears Holdings Corporation - Sears Holdings Corporation, a Delaware corporation, and its consolidated subsidiaries

•

Sears Roebuck - Sears, Roebuck and Co., a subsidiary of Sears Holdings Corporation

•

SEC - United States Securities and Exchange Commission

•

Separation - On April 4, 2014 Sears Holdings distributed 100% of the outstanding common stock of Lands' End to its shareholders

•

Tax Act - The Tax Cuts and Jobs Act passed by the United States government on December 22, 2017

•

Tax Sharing Agreement - A tax sharing agreement entered into by Sears Holdings Corporation and Lands' End in connection with the Separation

•

Term Loan Facility - Term loan credit agreements, dated as of April 4, 2014, with Bank of America, N.A. and certain other lenders

•

Transform Holdco - Transform Holdco LLC, an affiliate of ESL, which on February 11, 2019 acquired from Sears Holdings substantially all of the go-forward retail footprint and other assets and component businesses of Sears Holdings as a going concern

•

UTBs - Gross unrecognized tax benefits

Basis of Presentation

The Consolidated Financial Statements include the accounts of Lands' End, Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated.

The accompanying Consolidated Financial Statements have been prepared in accordance with GAAP. In the opinion of management, all material adjustments are of a normal and recurring nature necessary for a fair presentation of the results for the periods presented have been reflected. Dollar amounts are reported in thousands, except per share data, unless otherwise noted.

Reclassifications

Certain reclassifications have been made to prior year amounts within the Consolidated Balance Sheets to conform to the current year presentation.

Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Fiscal Year

The Company's fiscal year end is on the Friday preceding the Saturday closest to January 31 each year. The fiscal periods in this report are presented as follows, unless the context otherwise requires:

Fiscal Year	Ended	Weeks
2019	January 31, 2020	52
2018	February 1, 2019	52
2017	February 2, 2018	53

Seasonality

The Company's operations have historically been seasonal, with a disproportionate amount of net revenue occurring in the fourth fiscal quarter, reflecting increased demand during the year-end holiday selling season. The impact of seasonality on results of operations is more pronounced since the level of certain fixed costs, such as occupancy and overhead expenses, do not vary with sales. The Company's results of operations also may fluctuate based upon such factors as the timing of certain holiday seasons and promotions, the amount of net revenue contributed by new and existing stores, the timing and level of markdowns, competitive factors, weather and general economic conditions.

Working capital requirements typically increase during the second and third quarters of the fiscal year as inventory builds to support peak shipping/selling periods and, accordingly, typically decrease during the fourth quarter of the fiscal year as inventory is shipped/sold. Cash provided by operating activities is typically higher in the fourth quarter of the fiscal year due to reduced working capital requirements during that period.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reportable amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and cash equivalents

Cash and cash equivalents consist of highly liquid temporary instruments purchased with original maturities of three months or less. It also includes deposits in-transit from banks for payments related to third-party credit card and debit card transactions.

Restricted cash

The Company classifies cash balances pledged as collateral as Restricted cash on the Consolidated Balance Sheets.

Allowance for Doubtful Accounts

The Company provides an allowance for doubtful accounts based on both historical experience and specific identification. The Accounts receivable balance on the Consolidated Balance Sheets is presented net of the Company's allowance for doubtful accounts and is comprised of various customer-related accounts receivable.

Changes in the balance of the allowance for doubtful accounts are as follows:

(in thousands)	Fiscal 2019			Fiscal 2018
Beginning balance	$	542		$	637
Provision		151			192
Write-offs		(182	)		(287	)
Ending balance	$	511		$	542

Inventory

Inventories primarily consist of merchandise purchased for resale. For financial reporting and tax purposes, the Company's United States inventory, primarily merchandise held for sale, is stated at last-in, first-out ("LIFO") cost, which is lower than net realizable value. The Company accounts for its non-United States inventory on the first-in, first-out ("FIFO") method. The United States inventory accounted for using the LIFO method was 90% of total inventory as of January 31, 2020 and 88% as of February 1, 2019. If the FIFO method of accounting for inventory had been used, the effect on inventory would have been an increase of $0.9 million and $1.1 million as of January 31, 2020 and February 1, 2019, respectively.

The Company maintains a reserve for excess and obsolete inventory. The reserve is calculated based on historical experience related to liquidation/disposal of identified inventory. The excess and obsolescence reserve balances were $11.0 million and $12.5 million as of January 31, 2020 and February 1, 2019, respectively.

Deferred Catalog Costs and Marketing

Costs incurred for direct response marketing consist primarily of catalog production and mailing costs that are generally amortized within two months from the date catalogs are mailed. Unamortized marketing costs reported as prepaid assets were $14.7 million and $13.5 million as of January 31, 2020 and February 1, 2019, respectively. The Company expenses the costs of marketing for website, magazine, newspaper, radio and other general media when the marketing takes place. Marketing expenses, including catalog costs amortization, website-related costs and other print media were $194.9 million, $186.9 million and $186.4 million for Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively. These costs are included within Selling and administrative expenses in the accompanying Consolidated Statements of Operations.

Property and Equipment

Property and equipment are recorded at cost, less accumulated depreciation. Additions and substantial improvements are capitalized and include expenditures that materially extend the useful lives of existing facilities and equipment. Maintenance and repairs that do not materially improve or extend the lives of the respective assets are expensed as incurred. As of the balance sheet dates, Property and equipment, net consisted of the following:

(in thousands)	Asset Lives	January 31, 2020			February 1, 2019
Land	-	$	3,459		$	3,459
Buildings and improvements	15-30		100,269			99,400
Furniture, fixtures and equipment	3-10		59,731			62,823
Computer hardware and software	3-10		181,160			146,400
Leasehold improvements	3-7		8,423			6,569
Construction in progress			22,796			27,296
Gross property and equipment			375,838			345,947
Accumulated depreciation			(218,173	)		(196,053	)
Total property and equipment, net		$	157,665		$	149,894

As of January 31, 2020 and February 1, 2019, assets in development relate primarily to technological investments.

Depreciation expense is recorded over the estimated useful lives of the respective assets using the straight-line method. Leasehold improvements are depreciated over the shorter of the associated lease term or the estimated useful life of the asset. Depreciation expense was $31.1 million, $27.6 million and $24.9 million for Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively.

Impairment of Property and Equipment

Property and equipment are subject to a review for impairment if events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Retail store long-lived assets, including right-of-use assets, are regularly reviewed for impairment indicators. Impairment is assessed at the individual store level which is the lowest level of identifiable cash flows and considers the estimated undiscounted cash flows over the asset’s remaining life. If estimated undiscounted cash flows are insufficient to recover the investment, an impairment loss is recognized equal to the difference between the estimated fair value of the asset and its carrying value, net of salvage, and any costs of disposition. The fair value estimate is generally the discounted amount of estimated store-specific cash flows. During Fiscal 2019 an impairment of $1.4 million was recognized for property and equipment in one Retail location. During Fiscal 2018 an impairment of $254 thousand was recognized for property and equipment in two Retail locations. There were no impairments of property and equipment recognized in Fiscal 2017.

Goodwill and Indefinite-lived Intangible Asset Impairment Assessments

Goodwill and the indefinite-lived trade name intangible asset are tested separately for impairment on an annual basis or are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The goodwill and trade name intangible asset relate to Kmart Holding Corporation's acquisition of Sears Roebuck in March 2005.

Frequently our impairment assessments contain multiple uncertainties because the calculation requires management to make assumptions and to apply judgment to estimate future cash flows and asset fair values, including forecasting cash flows under different scenarios. We perform goodwill and indefinite-lived intangible asset impairment tests on an annual basis and update these annual impairment tests mid-year if events or circumstances occur that would more likely than not reduce the fair value of a reporting unit or indefinite-lived intangible asset below its carrying amount. If actual results fall short of our estimates and assumptions used in estimating future cash flows and asset fair values, we may be exposed to future impairment losses that could be material.

Goodwill impairment assessments

The Company tests goodwill for impairment using a one-step quantitative test. The quantitative test compares the reporting unit's fair value to its carrying value. An impairment is recorded for any excess carrying value above the reporting unit's fair value, not to exceed the amount of goodwill. The Company estimates fair value using a discounted cash flow model, commonly referred to as the income approach. The income approach uses a reporting unit's projection of estimated operating results and cash flows that is discounted using a weighted-average cost of capital that reflects current market conditions appropriate to the Company's reporting unit. The projection uses management's best estimates of economic and market conditions over the projected period using the best information available, including growth rates in revenues, costs, estimates of future expected changes in operating margins and cash expenditures. Other significant estimates and assumptions include terminal value growth rates, future estimates of capital expenditures and changes in future working capital requirements.

During Fiscal 2019 and Fiscal 2018, the fair value of the reporting units exceeded their carrying value and as such, the Company did not record a goodwill impairment charge. At the end of Fiscal 2019, the fair value of the U.S. eCommerce, Outfitters and Japan eCommerce reporting units exceeded the carrying value by 34.7%, 48.6% and 3.1% respectively. The goodwill allocated to Japan is approximately $3.3 million

Goodwill impairment charges may be recognized in future periods to the extent changes in factors or circumstances occur, including deterioration in the macroeconomic environment, retail industry or in the equity markets, deterioration in our performance or our future projections, or changes in our plans for the reporting unit.

Indefinite-lived intangible asset impairment assessments

The Company's indefinite-lived intangible asset is the Lands' End trade name. Lands' End reviews the trade name for impairment, on an annual basis, by comparing the carrying amount to its fair value, using the income approach. Lands' End determined that the relief from royalty method of the income approach was most appropriate for analyzing the Company's indefinite-lived asset. This method is based on the assumption that, in lieu of ownership, a firm would be willing to pay a royalty in order to exploit the related benefits of this asset class. The relief from royalty method involves two steps: (1) estimation of reasonable royalty rates for the assets and (2) the application of these royalty rates to a net revenue stream and discounting the resulting cash flows to determine a present value. The Company multiplied the selected royalty rate by the forecasted net revenue stream to calculate the cost savings (relief from royalty payment) associated with the asset. The cash flows are then discounted to present value using the selected discount rate and compared to the carrying value of the asset.

In Fiscal 2019, Fiscal 2018 and Fiscal 2017, the Company tested the indefinite-lived intangible assets as required resulting in the fair value exceeding the carrying value by 19.1%, 45.1% and 9.7% respectively. As such, no trade name impairment charges were recorded in all periods presented.

Financial Instruments with Off-Balance-Sheet Risk

The Company entered into the ABL Facility on November 16, 2017, which provides for maximum borrowings of $175.0 million for the Company, subject to a borrowing base. Subsequent to Fiscal 2019 and before the filing of this Annual Report on Form 10-K for Fiscal 2019, the Company increased capacity under the ABL Facility by $25 million, so that maximum borrowings are $200 million. The ABL Facility has a letter of credit sub-limit of $70.0 million and will mature no later than November 16, 2022, subject to customary extension provisions provided for therein. The ABL Facility is available for working capital and other general corporate purposes, and was undrawn, at January 31, 2020, other than for letters of credit. See Note 3, Debt.

Fair Value of Financial Instruments

The Company determines the fair value of financial instruments in accordance with accounting standards pertaining to fair value measurements. Such standards define fair value and establish a framework for measuring fair value in accordance with GAAP. Under fair value measurement accounting standards, fair value is considered to be the exchange price in an orderly transaction between market participants to sell an asset or transfer a liability at the measurement date. The Company reports or discloses the fair value of financial assets and liabilities based on the fair value hierarchy prescribed by accounting standards for fair value measurements, which prioritizes the inputs to valuation techniques used to measure fair value into three levels.

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of accounts receivable. Total accounts receivable were $51.0 million and $34.5 million as of January 31, 2020 and February 1, 2019, respectively. As of January 31, 2020 accounts receivable from two customers within the Outfitter’s business each represented more than 10% and a combined 54% of the accounts receivable balance.

Cash and cash equivalents, Accounts receivable, Accounts payable and Other current liabilities are reflected in the Consolidated Balance Sheets at cost, which approximates fair value due to the short-term nature of these instruments.

Long-term debt, net is reflected in the Consolidated Balance Sheets at amortized cost. The fair value of debt was determined utilizing level 2 valuation techniques based on the closing inactive market bid price on January 31, 2020 and February 1, 2019. See Note 7, Fair Value of Financial Assets and Liabilities.

Foreign Currency Translations and Transactions

The Company translates the assets and liabilities of foreign subsidiaries from their respective functional currencies to United States dollars at the appropriate spot rates as of the balance sheet date. Revenue and expenses of operations are translated to United States dollars using weighted average exchange rates during the year. The foreign subsidiaries use the local currency as their functional currency. The effects of foreign currency translation adjustments are included as a component of Accumulated other comprehensive loss in the accompanying Consolidated Statements of Changes in Stockholders' Equity. The Company recognized a foreign exchange transaction gain of $3.4 million in Fiscal 2019, an insignificant gain in Fiscal 2018 and a loss of $4.8 million in Fiscal 2017, included within Cost of sales (excluding depreciation and amortization) in the accompanying Consolidated Statements of Operations.

Revenue Recognition

Revenue includes sales of merchandise and delivery revenue related to merchandise sold. Substantially all of the Company's revenue is recognized when control of product passes to customers, which for the eCommerce and Outfitters channels is when the merchandise is expected to be received by the customer and for the Retail channel is at the time of sale in the store. The Company recognizes revenue, including shipping and handling fees billed to customers, in the amount expected to be received when control of the Company's products transfers to customers, and is presented net of various forms of promotions, which range from contractually-fixed percentage price reductions to sales returns, discounts, and other incentives that may vary in amount. Variable amounts are estimated based on an analysis of historical experience and adjusted as better estimates become available. The Company's revenue is disaggregated by channel and geographic location.

The Company excludes from revenue, taxes assessed by governmental authorities, including value-added and other sales-related taxes, that are imposed on and concurrent with revenue-producing activities.

Contract Liabilities

Contract liabilities consist of payments received in advance of the transfer of control to the customer. As products are delivered and control transfers, the Company recognizes the deferred revenue in Net revenue in the Consolidated Statements of Operations. The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer reported in Other current liabilities in the Consolidated Balance Sheets and amounts recognized through Net revenue for each period presented. The remainder of deferred revenue as of January 31, 2020 is expected to be recognized in Net revenue in the fiscal quarter ending May 1, 2020, as products are delivered to customers.

(in thousands)	Fiscal 2019			Fiscal 2018
Deferred revenue beginning of period	$	9,051		$	12,993
Deferred revenue recognized in period		(9,051	)		(12,993	)
Revenue deferred in period		8,096			9,051
Deferred revenue end of period	$	8,096		$	9,051

Revenue from gift cards is recognized when (i) the gift card is redeemed by the customer for merchandise, or (ii) as gift card breakage, an estimate of gift cards which will not be redeemed where the Company does not have a legal obligation to remit the value of the unredeemed gift cards to the relevant jurisdictions. Gift card breakage is recorded within Net revenue in the Consolidated Statements of Operations. Prior to their redemption, gift cards are recorded as a liability, included within Other current liabilities in the Consolidated Balance Sheets. The liability is estimated based on expected breakage that considers historical patterns of redemption. The following table provides the reconciliation of the contract liability related to gift cards:

(in thousands)	Fiscal 2019			Fiscal 2018
Balance as of beginning of period	$	18,191		$	19,272
Gift cards sold		65,662			57,465
Gift cards redeemed		(60,043	)		(56,502	)
Gift card breakage		(1,218	)		(984	)
Change in accounting principle		—			(1,060	)
Balance as of January 31, 2020	$	22,592		$	18,191

Refund Liabilities

Refund liabilities, primarily associated with product sales returns and retrospective volume rebates, represent variable consideration and are estimated and recorded as a reduction to Net revenue based on historical experience. As of Fiscal 2019 and Fiscal 2018, $21.6 million and $22.2 million, respectively, of refund liabilities, primarily associated with product returns, were reported in Other current liabilities in the Consolidated Balance Sheets.

Cost of Sales

Cost of sales are comprised principally of the costs of merchandise, in-bound freight, duty, warehousing and distribution (including receiving, picking, packing, store delivery and value added costs), customer shipping and handling costs and physical inventory losses. Depreciation and amortization are not included in the Company's Cost of sales.

Selling and Administrative Expenses

Selling and administrative expenses are comprised principally of payroll and benefits costs, marketing, occupancy costs of retail stores and corporate facilities, buying, pre-opening costs and other administrative expenses. All stock-based compensation is recorded in Selling and administrative expenses. See Note 5, Stock-Based Compensation.

Selling and administrative expenses included $6.4 million, $30.2 million and $47.1 million in Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively, of costs allocated or charged to the Company by Sears Holdings. See Note 11, Related Party Agreements and Transactions.

Corporate Restructuring

During Fiscal 2017, the Company implemented an initiative to right-size its New York Office in an effort to create efficiencies and refocus the Company back to its corporate headquarters in Dodgeville, Wisconsin. The restructuring included certain headcount reductions and the exit of a facility. The total restructuring charge as a result of this action was $3.9 million. As of January 31, 2020 and February 1, 2019 the Company had recorded a restructuring accrual of $0.7 million and $1.3 million, respectively, related to this initiative. In Fiscal 2019, the Company closed five school uniform showrooms.

Income Taxes

Deferred income tax assets and liabilities are based on the estimated future tax effects of differences between the financial and tax basis of assets and liabilities based on currently enacted tax laws. The tax balances and income tax expense recognized are based on management's interpretation of the tax laws of multiple jurisdictions. Income tax expense also reflects best estimates and assumptions regarding, among other things, the level of future taxable income and tax planning. Future changes in tax laws, changes in projected levels of taxable income, tax planning and adoption and implementation of new accounting standards could impact the effective tax rate and tax balances recorded.

Tax positions are recognized when they are more likely than not to be sustained upon examination. The amount recognized is measured as the largest amount of benefit that is more likely than not to be realized upon settlement. The Company is subject to periodic audits by the United States Internal Revenue Service and other state and local taxing authorities. These audits may challenge certain of the Company's tax positions such as the timing and amount of income and deductions and the allocation of taxable income to various tax jurisdictions. The Company evaluates its tax positions and establishes liabilities in accordance with the applicable accounting guidance on uncertainty in income taxes. These tax uncertainties are reviewed as facts and circumstances change and are adjusted accordingly. This requires significant management judgment in estimating final outcomes. Interest and penalties are classified as Income tax expense in the Consolidated Statements of Operations. See Note 9, Income Taxes, for further details.

The Company performed an evaluation over its deferred tax assets and determined that a valuation allowance is considered necessary for certain jurisdictions. See Note 9, Income Taxes, for further details on the valuation allowance.

Lands' End and Sears Holdings Corporation entered into the Tax Sharing Agreement in connection with the Separation which governs Sears Holdings Corporation's and Lands' End's respective rights, responsibilities and obligations after the Separation with respect to liabilities for United States federal, state, local and foreign taxes attributable to the Lands' End business. Pursuant to this agreement, Sears Holdings Corporation is generally responsible for all United States federal, state and local UTBs, through the date of the Separation. On October 15, 2018, Sears Holdings Corporation and certain of its subsidiaries filed voluntary petitions in the United States Bankruptcy Court for the Southern District of New York seeking relief under Chapter 11 of Title 11 of the United States Code (collectively the “Sears Filing"). As a result of the Sears Filing, the Company believes that the recovery of the UTBs provided by the Tax Sharing Agreement is uncertain. Sears Holdings rejected the Tax Sharing Agreement, per an order approved on April 4, 2019. The Company recorded a non-cash charge of $2.6 million in the Third Quarter 2018 as the result of establishing a reserve against the indemnification asset. As of January 31, 2020 the indemnification asset was $0.

Self-Insurance

The Company has a self-insured plan for health and welfare benefits and provides an accrual to cover the obligation. The accrual for the self-insured liability is based on claims filed and an estimate of claims incurred but not yet reported. The Company considers a number of factors, including historical claims information, when determining the amount of the accrual. Costs related to the administration of the plan and related claims are expensed as incurred. Total expenses were $17.4 million, $17.1 million and $16.5 million for Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively.

The Company also has a self-insured plan for certain costs related to workers' compensation. The Company obtains third-party insurance coverage to limit exposure to this self-insured risk.

Postretirement Benefit Plan

Effective January 1, 2006, the Company decided to indefinitely suspend eligibility to the postretirement medical plan for future company retirees.

The Company has a 401(k) retirement plan, which covers most regular employees and allows them to make contributions. The Company also provides a matching contribution on a portion of the employee contributions. Total expense incurred under this plan was $3.6 million, $3.5 million and $3.2 million for Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively.

Other Comprehensive Income (Loss)

Other comprehensive income (loss) encompasses all changes in equity other than those arising from transactions with stockholders, and is comprised solely of foreign currency translation adjustments, impact of the Tax Act on the translation adjustments and net income (loss).

	Fiscal 2019			Fiscal 2018			Fiscal 2017
Beginning balance: Accumulated other comprehensive loss (net of tax of $3,505, $2,816 and $6,691, respectively)	$	(13,183	)	$	(10,592	)	$	(12,426	)
Other comprehensive income (loss)
Foreign currency translation adjustments (net of tax of $(52), $689 and $(1,427), respectively)		195			(2,591	)		4,282
Impact of Tax Act		—			—			(2,448	)
Ending Balance: Accumulated other comprehensive loss (net of tax of $3,453, $3,505 and $2,816, respectively)	$	(12,988	)	$	(13,183	)	$	(10,592	)

As a result of the Tax Act, in Fiscal 2017, $2.4 million was reclassified out of Accumulated other comprehensive loss into Accumulated deficit in accordance with the adoption of ASU 2018-02, Income Statement - Reporting Comprehensive Income. No other amounts were reclassified out of Accumulated other comprehensive loss in the periods presented.

Stock-Based Compensation

Stock-based compensation expense for restricted stock units is determined based on the grant date fair value. The fair value is determined based on the Company's stock price on the date of the grant. The Company recognizes stock-based compensation cost net of estimated forfeitures and revises the estimates in subsequent periods if actual forfeitures differ from the estimates. The Company estimates the forfeiture rate based on historical data as well as expected future behavior. Stock-based compensation is recorded in Selling and administrative expense in the Consolidated Statements of Operations over the period in which the employee is required to provide service in exchange for the restricted stock units.

Stock option awards ("Option Awards") provide the recipient with the option to purchase a set number of shares at a stated exercise price over the term of the contract, which is ten years for all Option Awards currently outstanding. Options are granted with a strike price equal to the stock price on the date of grant and vest ratably over a four-year period.

Earnings per Share

The numerator for both basic and diluted EPS is net income attributable to Lands' End. The denominator for basic EPS is based upon the number of weighted average shares of Lands' End common stock outstanding during the reporting periods. The denominator for diluted EPS is based upon the number of weighted average shares of Lands' End common stock and common stock equivalents outstanding during the reporting periods using the treasury stock method in accordance with ASC 260, Earnings Per Share.

The following table summarizes the components of basic and diluted EPS:

(in thousands)	Fiscal 2019		Fiscal 2018		Fiscal 2017
Net income	$	19,290	$	11,590	$	28,195
Basic weighted average shares outstanding		32,343		32,190		32,076
Dilutive impact of stock awards		2		336		34
Diluted weighted average shares outstanding		32,345		32,526		32,110
Basic earnings per share	$	0.60	$	0.36	$	0.88
Dilutive earnings per share	$	0.60	$	0.36	$	0.88

Stock awards are considered anti-dilutive based on the application of the treasury stock method or in the event of a net loss. There were 745,575, 438,583 and 397,669 anti-dilutive shares excluded from the diluted weighted average shares outstanding in Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively.

Recently Adopted Accounting Pronouncements

Leases

In February 2016 the FASB issued ASU 2016-02, Leases (“ASC 842”), which changed how companies account for leases. On February 2, 2019, the Company adopted the guidance using the Comparatives under 840 option approach which waives the requirement to apply ASC 842 in the comparative periods presented within the financial statements in the year of adoption. Lands' End elected the practical expedient package, which among other practical expedients, includes the option to retain the historical classification of leases entered into prior to February 2, 2019. The Company also elected the practical expedient to combine lease and non-lease components.

The Company is a lessee under various lease agreements for its equipment and retail operations. The determination of whether an arrangement contains a lease and the classification of a lease, if applicable, is made at lease commencement (date in which the Company takes possession of the asset). At lease commencement the Company also measures and recognizes a right-of-use asset, representing the Company’s right to use the underlying asset, and a lease liability, representing the Company’s obligation to make lease payments under the terms of the arrangement. The lease term is defined as the noncancelable portion of the lease term plus any periods covered by an option to extend the lease, if it is reasonably certain that the option will be exercised. For the purposes of recognizing right-of-use assets and lease liabilities associated with the Company’s leases, the Company has elected the practical expedient of not recognizing a right-of-use asset or lease liability for short-term leases, which are leases with a term of twelve months or less. The Company's leases are classified as operating leases, which are included in the Operating lease right-of-use asset, Lease liability - current and Lease liability - long-term on the Company's Consolidated Balance sheets.

Right-of-use assets and lease liabilities are recognized based on the present value of the future minimum lease payments, over the lease term, as of the commencement date. Minimum lease payments include the fixed lease component of the agreement as well as any variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Lease terms may include options to renew. If it is determined the lease will not be renewed, the right-of-use asset and lease liability for that lease will be adjusted to reflect the updated lease term. The Company does not have any leases with residual value guarantees or restrictions or covenants imposed by the lease.

Due to the absence of an implicit rate in the Company’s lease contracts, the Company estimates its incremental

borrowing rate for each lease based on the lease term, lease currency and the Company’s credit spread. The yield curve selected at the lease commencement date represents one notch above the Company’s unsecured credit rating, and therefore is considered a close proxy for the incremental borrowing rate the Company would incur for secured debt.

Lease expense is recognized on a straight-line basis over the lease term and is included in Selling and

administrative expense in the Consolidated Statements of Operations. Variable lease payments that do not depend on a rate or index and short-term rentals (leases with terms less than 12 months) are expensed as incurred.

The impact of adoption of the new lease guidance on the Consolidated Balance Sheets as of February 2, 2019 was as follows. See Note 4, Leases, for further details.

(in thousands)	February 1, 2019 (as reported)			Impact of Adoption				February 2, 2019
Assets:
Operating lease right-of-use asset	$	—		$	27,494			$	27,494
Liabilities:
Lease liability - current		—			9,892				9,892
Lease liability - long-term		—			21,700				21,700
Stockholders' Equity:									—
Accumulated deficit		(17,159	)		(1,741	)	⁽¹⁾		(18,900	)

⁽¹⁾

At the time of implementation, the Company determined certain Operating lease right-of-use assets were impaired and recorded an adjustment to beginning retained earnings related to these impairments, net of tax.

Debt

12 Months Ended

Jan. 31, 2020

Debt Disclosure [Abstract]

Debt

NOTE 3. DEBT

Debt Arrangements

On November 16, 2017, the Company entered into the ABL Facility, which provides for maximum borrowings of $175.0 million for the Company, subject to a borrowing base. Subsequent to Fiscal 2019 and before the filing of this Annual Report on Form 10-K for Fiscal 2019, the Company increased capacity under the ABL Facility by $25 million, so that maximum borrowings are $200 million. The ABL Facility has a letter of credit sub-limit of $70.0 million and will mature no later than November 16, 2022, subject to customary extension provisions provided for therein. The ABL Facility is available for working capital and other general corporate purposes, and was undrawn, other than for letters of credit, as of January 31, 2020. Upon entering into the ABL Facility, the Company incurred $1.5 million in debt origination fees. The fees were capitalized as debt issuance costs and are being amortized as an adjustment to Interest expense over the remaining life of the Debt Facilities.

On April 4, 2014, Lands' End entered into the Term Loan Facility of $515.0 million, the proceeds of which were used to pay a dividend of $500.0 million to a subsidiary of Sears Holdings Corporation immediately prior to the Separation and to pay fees and expenses associated with a prior debt arrangement and the Term Loan Facility of approximately $11.4 million. The remaining proceeds were used for general corporate purposes. The fees were capitalized as debt issuance costs and are being amortized as an adjustment to Interest expense over the remaining life of the Debt Facilities. In First Quarter 2019, Lands’ End made a $100 million voluntary prepayment on the Term Loan from excess cash on hand.

The Company's debt consisted of the following:

	January 31, 2020					February 1, 2019
(in thousands)	Amount		Rate			Amount		Rate
Term Loan Facility, maturing April 4, 2021	$	385,388		5.05	%	$	490,538		5.77	%
ABL Facility, maturing November 16, 2022		—		—	%		—		—	%
		385,388					490,538
Less: current maturities		5,150					5,150
Less: unamortized debt issuance costs		1,581					2,935
Long-term debt, net	$	378,657				$	482,453

The following table summarizes the Company's borrowing availability under the ABL Facility:

(in thousands)	January 31, 2020		February 1, 2019
ABL Facility maximum borrowing	$	175,000	$	175,000
Outstanding letters of credit		23,299		21,111
Borrowing availability under ABL	$	151,701	$	153,889

Interest; Fees

The interest rates per annum applicable to the loans under the Debt Facilities are based on a fluctuating rate of interest measured by reference to, at the borrowers' election, either (i) an adjusted LIBOR plus a borrowing margin, or (ii) an alternative base rate plus a borrowing margin. The borrowing margin is fixed for the Term Loan Facility at 3.25% in the case of LIBOR loans and 2.25% in the case of base rate loans. For the Term Loan Facility, LIBOR is subject to a 1% interest rate floor. The borrowing margin for the ABL Facility is subject to adjustment based on the average excess availability under the ABL Facility for the preceding fiscal quarter. LIBOR borrowings will range from 1.25% to 1.75% for the ABL Facility. Base rate borrowings will range from 0.50% to 1.00% for the ABL Facility.

Customary agency fees are payable in respect of the Debt Facilities. The ABL Facility fees also include (i) commitment fees in an amount equal to 0.25% of the daily unused portions of the ABL Facility, and (ii) customary letter of credit fees. During Third Quarter Fiscal 2019 and Fourth Quarter Fiscal 2019 the Company had maximum borrowings of $83.3 million on the ABL Facility. These borrowings were paid in full during Fourth Quarter Fiscal 2019.

Amortization and Prepayments

The Term Loan Facility amortizes at a rate equal to 1% per annum, and is subject to mandatory prepayment in an amount equal to a percentage of the borrower's excess cash flows (as defined in the Term Loan Facility) in each fiscal year, ranging from 0% to 50% depending on Lands' End's secured leverage ratio, and the proceeds from certain asset sales and casualty events. Based on Fiscal 2019 results and in accordance with the Term Loan Facility, no prepayments were required. The Company's aggregate scheduled maturities of the Term Loan Facility as of January 31, 2020 are as follows:

(in thousands)
Less than 1 year	$	5,150
1 - 2 years		380,238
2 - 3 years		—
3 - 4 years		—
4 - 5 years		—
	$	385,388

Guarantees; Security

All domestic obligations under the Debt Facilities are unconditionally guaranteed by Lands' End, Inc. and, subject to certain exceptions, each of its existing and future direct and indirect wholly-owned domestic subsidiaries. The ABL Facility is secured by a first priority security interest in certain working capital of the borrowers and guarantors consisting primarily of accounts receivable and inventory. The Term Loan Facility is secured by a second priority security interest in the same collateral, with certain exceptions.

The Term Loan Facility also is secured by a first priority security interest in certain property and assets of the borrowers and guarantors, including certain fixed assets and stock of subsidiaries. The ABL Facility is secured by a second priority security interest in the same collateral.

Representations and Warranties; Covenants

Subject to specified exceptions, the Debt Facilities contain various representations and warranties and restrictive covenants that, among other things, restrict the ability of Lands' End and its subsidiaries to incur indebtedness (including guarantees), grant liens, make investments, make dividends or distributions with respect to capital stock, make prepayments on other indebtedness, engage in mergers or change the nature of their business. In addition, if excess availability under the ABL Facility falls below the greater of 10% of the loan cap amount or $15.0 million, Lands' End will be required to comply with a minimum fixed charge coverage ratio of 1.0 to 1.0. The Debt Facilities do not otherwise contain financial maintenance covenants. The Company was in compliance with all financial covenants related to the Debt Facilities as of January 31, 2020.

The Debt Facilities contain certain affirmative covenants, including reporting requirements such as delivery of financial statements, certificates and notices of certain events, maintaining insurance, and providing additional guarantees and collateral in certain circumstances.

Events of Default

The Debt Facilities include customary events of default including non-payment of principal, interest or fees, violation of covenants, inaccuracy of representations or warranties, cross defaults related to certain other material indebtedness, bankruptcy and insolvency events, invalidity or impairment of guarantees or security interests, and material judgments and change of control.

Leases

12 Months Ended

Jan. 31, 2020

Leases [Abstract]

Leases

NOTE 4. LEASES

The Company is a lessee under various lease agreements for its retail operations and equipment. All leases are classified as operating leases. The Company’s leases have remaining terms of less than one year to ten years and contain various renewal options. The period which is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. Options to extend are reviewed within two years of option date.

The components of lease expense are as follows:

(in thousands)	Fiscal 2019
Operating lease expense	$	9,210
Variable lease expense		1,682
Ending Balance	$	10,892

Short-term lease cost was not material for Fiscal 2019.

Supplemental balance sheet information related to operating leases are as follows:

(in thousands)	Fiscal 2019
Operating lease right-of-use asset	$	38,665
Lease liability - current		5,864
Lease liability - long-term		39,841
Weighted average remaining lease term in years	8.03
Weighted average discount rate		6.39	%

Supplemental cash flow information related to operating leases are as follows:

(in thousands)	Fiscal 2019
Operating cash outflows from operating leases	$	10,631
Operating lease right-of-use-assets obtained in exchange for lease liabilities		19,584

Maturities of operating lease liabilities as of January 31, 2020 are as follows (in thousands):

(in thousands)	Fiscal 2019
2020	$	8,743
2021		7,834
2022		7,096
2023		6,512
2024		6,187
Thereafter		23,663
Total operating lease payments	$	60,035
Less imputed interest		14,330
Present value of lease liabilities	$	45,705

In Fourth Quarter 2019, the Company entered into several leases where possession of retail space will occur in Fiscal 2020.

Total future commitments under the Company’s operating leases as of February 1, 2019 were as follows for the fiscal years ending (in thousands):

(in thousands)	Fiscal 2018
2020	$	10,851
2021		6,338
2022		4,873
2023		3,828
2024		2,839
Thereafter		10,590
Total minimum payments required	$	39,319

The table above was updated from the version previously included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2019 within the Notes to Consolidated Financial Statements to adjust for certain inconsistencies that management identified in First Quarter 2019 during the implementation of ASC 842, Leases. Specifically, the Company corrected the schedule to include additional lease commitments for lease contracts signed in Fiscal 2018, with commencement dates in Fiscal 2019.

Stock-Based Compensation

Jan. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

NOTE 5. STOCK-BASED COMPENSATION

The Company expenses the fair value of all stock awards over their respective vesting periods, ensuring that, the amount of cumulative compensation cost recognized at any date is at least equal to the portion of the grant-date value of the award that is vested at that date. The Company has elected to adjust compensation expense for an estimated forfeiture rate for those shares not expected to vest and to recognize compensation cost on a straight-line basis for awards that only have a service requirement with multiple vest dates.

The Company has granted the following types of stock awards to employees at management levels and above:

Time vesting stock awards ("Deferred Awards") are in the form of restricted stock units and only require each recipient to complete a service period for the awards to be earned. Deferred Awards generally vest over three years. The fair value of Deferred Awards is based on the closing price of the Company's common stock on the grant date and is reduced for estimated forfeitures of those awards not expected to vest due to employee turnover.

ii.

Performance-based stock awards ("Performance Awards") are in the form of restricted stock units and have, in addition to a service requirement, performance criteria that must be achieved for the awards to be earned. For Performance Awards granted in Fiscal 2018 and after, the Target Shares earned can range from 50% to 200% once minimum thresholds have been reached, and depend on the achievement of Adjusted EBITDA and revenue performance measures for the cumulative three-fiscal year performance period beginning in the fiscal year of the grant date. The applicable percentage of the Target Shares, as determined by performance, vest after the completion of the applicable three-year performance period, and unearned Target Shares are forfeited. The fair value of the Performance Awards granted in Fiscal 2018 and after are based on the closing price of the Company’s common stock on the grant date. Stock based compensation expense is recognized ratably over the related service period reduced for estimated forfeitures of those awards not expected to vest due to employee turnover and adjusted based on the Company's estimate of the percentage of the aggregate Target Shares expected to be earned. Based on performance to date, the Company is currently accruing for Performance Awards based on a 100% payout, which is reflected in the financial information below.

iii.

The following table summarizes the Company's stock-based compensation expense, which is included in Selling and administrative expense in the Consolidated Statements of Operations:

(in thousand)	Fiscal 2019		Fiscal 2018		Fiscal 2017
Deferred Awards		5,591		4,407		3,212
Performance Awards		2,352		1,006		88
Option Awards		748		748		651
Total stock-based compensation expense		8,690		6,161		3,951

Deferred Awards

The following table provides a summary of the Deferred Awards activity for Fiscal 2019 and Fiscal 2018:

	Fiscal Year Ended
	January 31, 2020					February 1, 2019
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Unvested deferred awards at beginning of year		594		$	21.96		497		$	22.07
Granted		428			15.62		294			21.93
Vested		(210	)		21.93		(151	)		22.32
Forfeited		(67	)		20.65		(46	)		21.62
Unvested deferred awards at end of year		745			18.49		594			21.96

Total unrecognized stock-based compensation expense related to unvested Deferred Awards was approximately $7.7 million as of January 31, 2020, which is expected to be recognized ratably over a weighted average period of 1.7 years. Deferred Awards granted to employees during Fiscal 2019 vest ratably over a period of three years.

Performance Awards

The following table provides a summary of the Performance Awards activity for Fiscal 2019 and Fiscal 2018:

	Fiscal Year Ended
	January 31, 2020					February 1, 2019
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Unvested performance awards at beginning of year		176		$	21.93		15		$	21.94
Granted		265			15.73		195			21.90
Vested		—			—		—			—
Forfeited		(29	)		18.85		(34	)		21.90
Unvested performance awards at end of year		412			18.15		176			21.93

Total unrecognized stock-based compensation expense related to unvested Performance Awards was approximately $4.2 million as of January 31, 2020 which is expected to be recognized ratably over a weighted average period of 1.8 years. Performance Awards granted to employees during Fiscal 2019 and Fiscal 2018 vest, if earned, after completion of the applicable three-year performance period.

Options Awards

The following table provides a summary of the Options Award activity for Fiscal 2019 and Fiscal 2018:

	Fiscal Year Ended
	January 31, 2020					February 1, 2019
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Unvested option awards at beginning of year		257		$	8.73		343		$	8.73
Granted		—			—		—			—
Vested		(86	)		8.73		(86	)		8.73
Forfeited		—			—		—			—
Unvested option awards at end of year		171			8.73		257			8.73

Total unrecognized stock-based compensation expense related to unvested Option Awards was approximately $0.9 million as of January 31, 2020, which is expected to be recognized ratably over a weighted average period of 1.1 years. The Option Awards have a life of ten years and vest ratably over the first four years. As of January 31, 2020, 171,567 shares related to Option Awards were exercisable. No options have been exercised during the fiscal year ended January 31, 2020.

Other Current Liabilities

12 Months Ended

Jan. 31, 2020

Other Liabilities Disclosure [Abstract]

Other Current Liabilities

NOTE 6. OTHER CURRENT LIABILITIES

Other current liabilities consisted of the following:

(in thousands)	January 31, 2020		February 1, 2019
Accrued employee compensation and benefits	$	42,809	$	42,439
Reserve for sales returns and allowances		21,641		22,222
Deferred gift card revenue		22,592		18,191
Accrued property, sales and other taxes		9,242		9,131
Other		9,736		11,240
Deferred revenue		8,096		9,051
Total other current liabilities	$	114,116	$	112,274

Fair Value of Financial Assets and Liabilities

12 Months Ended

Jan. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities

NOTE 7. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

The Company determines fair value of financial assets and liabilities based on the following fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels:

Level 1 inputs—unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. An active market for the asset or liability is one in which transactions for the asset or liability occurs with sufficient frequency and volume to provide ongoing pricing information.

Level 2 inputs—inputs other than quoted market prices included in Level 1 that are observable, either directly or indirectly, for the asset or liability. Level 2 inputs include, but are not limited to, quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active and inputs other than quoted market prices that are observable for the asset or liability, such as interest rate curves and yield curves observable at commonly quoted intervals, volatilities, credit risk and default rates.

Level 3 inputs—unobservable inputs for the asset or liability.

Restricted cash is reflected on the Consolidated Balance Sheets at fair value. The fair value of Restricted cash as of January 31, 2020 and February 1, 2019 was $2.1 million and $1.9 million, respectively, based on Level 1 inputs. Restricted cash amounts are valued based upon statements received from financial institutions.

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

January 31, 2020

February 1, 2019

(in thousands)

Carrying

Amount

Fair

Value

Carrying

Amount

Fair

Value

Long-term debt, including short-term portion

385,388

378,643

490,538

460,493

Long-term debt, including short-term portion was valued utilizing level 2 valuation techniques based on the closing inactive market bid price on January 31, 2020. There were no nonfinancial assets or nonfinancial liabilities recognized at fair value on a nonrecurring basis as of January 31, 2020 and February 1, 2019.

- 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

Goodwill and Indefinite Lived Intangible Assets

12 Months Ended

Jan. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Indefinite Lived Intangible Assets

NOTE 8. GOODWILL AND INDEFINITE-LIVED INTANGIBLE ASSET

The Company's intangible assets, consisting of a trade name and goodwill, were originally valued in connection with a business combination accounted for under the purchase accounting method. Goodwill represents the excess of the purchase price over the fair value of the net assets acquired.

The following table summarizes the Company's indefinite-lived intangible asset and Goodwill:

(in thousands)	January 31, 2020		February 1, 2019
Goodwill balance	$	110,000	$	110,000
Trade name balance	$	257,000	$	257,000

ASC 350, Intangibles - Goodwill and Other, requires companies to test goodwill and indefinite-lived intangible assets for impairment annually, or more often if an event or circumstance indicates that the carrying amount may not be recoverable. During Fiscal 2019, Fiscal 2018 and Fiscal 2017 the Company conducted impairment testing of its goodwill and indefinite-lived intangible asset. There were no impairment charges recorded for the indefinite-lived asset in Fiscal 2019 or Fiscal 2018.

There were no impairments of goodwill during any periods presented or since goodwill was first recognized. See also Note 2, Summary of Significant Accounting Policies-Goodwill and Intangible Asset Impairment Assessments, for further details.

Income Taxes

12 Months Ended

Jan. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 9. INCOME TAXES

The Company's income before income taxes in the United States and in foreign jurisdictions is as follows:

(in thousands)	Fiscal 2019			Fiscal 2018			Fiscal 2017
Income before income taxes
United States	$	21,406		$	16,297		$	9,011
Foreign		(44	)		(6,666	)		(8,563	)
Total income before income taxes	$	21,362		$	9,631		$	448

The components of the provision for (benefit from) income taxes are as follows:

(in thousands)	Fiscal 2019			Fiscal 2018			Fiscal 2017
United States	$	2,105		$	(1,959	)	$	(27,623	)
Foreign		(33	)		—			(124	)
Total provision (benefit)	$	2,072		$	(1,959	)	$	(27,747	)

(in thousands)	Fiscal 2019			Fiscal 2018			Fiscal 2017
Current:
Federal	$	979		$	(4,457	)	$	4,804
State		1,549			2,275			330
Foreign		—			—			(124	)
Total current		2,528			(2,182	)		5,010
Deferred:
Federal		340			1,650			(34,901	)
State		(763	)		(1,427	)		2,144
Foreign		(33	)		—			—
Total deferred		(456	)		223			(32,757	)
Total provision (benefit)	$	2,072		$	(1,959	)	$	(27,747	)

A reconciliation of the statutory federal income tax rate to the effective income tax rate is as follows:

	Fiscal 2019			Fiscal 2018			Fiscal 2017
Tax at statutory federal tax rate		21.0	%		21.0	%		33.8	%	*
State income taxes, net of federal tax benefit		2.9	%		10.0	%		103.5	%
Foreign differential		(4.0	)%		(4.6	)%		108.6	%
Permanent differences		4.3	%		23.4	%		383.1	%
Tax law changes		—	%		—	%		(7,793.7	)%
Repatriation of foreign earnings		—	%		(38.4	)%		950.9	%
Uncertain tax benefits		(0.8	)%		(38.6	)%		(600.1	)%
Change in foreign valuation allowance		4.2	%		19.2	%		509.8	%
Foreign branches		(15.9	)%		—	%		—	%
Other, net		(2.0	)%		(12.3	)%		110.6	%
Total		9.7	%		(20.3	)%		(6,193.5	)%

*Under Internal Revenue Code Section 15(a), companies are required to calculate their federal tax rate using a blended rate based on the date of enactment of the Tax Act (“Federal Blended Rate”). The Federal Blended Rate for the Company is 33.8% for Fiscal 2017.

Deferred tax assets and liabilities consisted of the following:

(in thousands)	January 31, 2020			February 1, 2019			February 2, 2018
Deferred tax assets
Deferred revenue	$	3,797		$	3,053		$	3,292
Legal accruals		1,938			1,714			1,512
Deferred compensation		12,507			10,360			4,029
Reserve for returns		2,654			2,271			2,301
Inventory		3,413			3,690			3,099
CTA investment in foreign subsidiaries		3,453			3,505			2,816
Operating lease liabilities		10,319			—			—
Other		2,764			3,041			4,330
Net operating loss carryforward		6,018			5,117			2,284
Total deferred tax assets		46,863			32,751			23,663
Less valuation allowance		(6,526	)		(5,079	)		(2,284	)
Net deferred tax assets	$	40,337		$	27,672		$	21,379

Deferred tax liabilities
Intangible assets	$	62,397		$	62,959		$	62,754
LIFO reserve		17,503			16,382			16,659
Property and equipment		7,208			5,098			—
Operating lease right-of-use assets		8,586			—			—
Catalog advertising		2,294			1,903			1,103
Total deferred tax liabilities		97,988			86,342			80,516
Net deferred tax liability	$	57,651		$	58,670		$	59,137

As of January 31, 2020, the Company had $13.9 million of state net operating loss (“NOL”) carryforwards (generating a $1.0 million deferred tax asset) available to offset future taxable income. The state NOL carryforwards generally expire between 2022 and 2038 with certain state NOLs generated after 2017 having indefinite carryforward. The Company’s foreign subsidiaries had $14.9 million of NOL carryforwards (generating a $5.0 million deferred tax asset) available to offset future taxable income. These foreign NOLs can be carried forward indefinitely, however, a valuation allowance was established since the future utilization of these NOLs is uncertain.

A reconciliation of the beginning and ending amount of UTBs is as follows:

	Fiscal 2019			Fiscal 2018			Fiscal 2017
Gross UTB balance at beginning of period	$	1,458		$	4,531		$	6,901
Tax positions related to the current period - gross increase		—			—			—
Tax positions related to the prior periods - gross decreases		(179	)		(2,588	)		(2,370	)
Settlements		(77	)		(485	)		—
Lapse of statutes of limitations					—			—
Gross UTB balance at end of period	$	1,202		$	1,458		$	4,531

As of January 31, 2020, the Company had UTBs of $1.2 million. Of this amount, $1.0 million would, if recognized, impact its effective tax rate. The Company does not expect that UTBs will fluctuate significantly in the next 12 months for tax audit settlements and the expiration of the statute of limitations for certain jurisdictions. Pursuant to the Tax Sharing Agreement, Sears Holdings is generally responsible for all United States federal, state and local UTBs through the date of the Separation and, as such, the UTBs are recorded in Other liabilities in the Consolidated Balance Sheets. However, Sears Holdings rejected the Tax Sharing Agreement, per an order approved on April 3, 2019.

The Company classifies interest expense and penalties related to UTBs and interest income on tax overpayments as components of income tax expense. As of January 31, 2020, the total amount of interest expense and penalties recognized on the balance sheet was $0.7 million ($0.6 million net of federal benefit). As of February 1, 2019, the total amount of interest and penalties recognized on the balance sheet was $0.8 million ($0.6 million net of federal benefit). The total amount of net interest expense recognized in the Consolidated Statements of Operations was insignificant for all periods presented. Sears Holdings and Lands' End files income tax returns in both the United States and various foreign jurisdictions.

Impacts of Separation

At Separation from Sears, the Company entered into a Tax Sharing Agreement with respect to Federal and State Income tax liabilities concerning pre-separation periods. Pursuant to the tax sharing agreement, a $13.7 million receivable was recorded by the Company to reflect the indemnification by Sears Holdings Corporation of the pre-Separation uncertain tax positions (including penalties and interest) for which Sears Holdings is responsible. This receivable is included in Other assets in the Consolidated Balance Sheets.

For Fiscal 2018, the asset was written down $4.8 million related to favorable state tax audit settlements. In addition, due to filings by Sears in the US Bankruptcy Court in the third quarter of Fiscal 2018, the Company believes that the recovery of the remaining UTB’s provided by the Tax Sharing Agreement to be uncertain. Sears Holdings rejected the Tax Sharing Agreement, per an order approved on April 4, 2019. In the third quarter of Fiscal 2018, the Company recorded a charge of $2.6 million to establish a reserve on the remaining balance of the indemnification asset. Therefore, the indemnification asset was $0 at January 31, 2020 and February 1, 2019.

Impacts of the Tax Act

On December 22, 2017, the Tax Cuts and Jobs Act (H.R. 1) ("Tax Act") was signed into law. The Tax Act contains significant changes to corporate taxation, including (i) the reduction of the corporate income tax rate to 21%, (ii) the acceleration of expensing for certain business assets, (iii) the nonrecurring transition tax related to the transition of U.S. international tax from a worldwide tax system to a territorial tax system, (iv) the repeal of the domestic production deduction, (v) additional limitations on the deductibility of interest expense, and (vi) expanded limitations on the deductibility of executive compensation.

In December 2017, the SEC issued Staff Accounting Bulletin (SAB) 118 to provide guidance for companies that had not completed their accounting for the income tax effects of the Tax Act. Due to the complexities involved in accounting for the enactment of the Tax Act, SAB 118 allowed for a provisional estimate of the impacts of the Tax Act in our earnings for the year ended February 2, 2018, as well as up to a one-year measurement period that ended on December 22, 2018, for any subsequent adjustments to such provisional estimate. Pursuant to SAB 118, in Fiscal 2017, the Company recorded a $30.6 million benefit which consisted of the provisional amounts for the re-measurement of deferred tax balances at the new expected tax rates under the Tax Act. This includes a net reduction of deferred liabilities of $29.7 million plus a $5.2 million reduction to deferred liabilities on unremitted foreign earnings previously recorded. Both amounts are offset by the provisional amount for a nonrecurring transition tax liability of $4.3 million related to foreign investments under the Tax Act. The Company has completed its analysis of the impacts of the Tax Act, including analyzing the effects of any Internal Revenue Service and U.S. Treasury guidance issued, and state tax law changes enacted, within the maximum one-year measurement period resulting in an additional $3.7 million benefit, in Fiscal 2018, to the $30.6 million provisional amount previously recorded.

Commitments and Contingencies

12 Months Ended

Jan. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 10. COMMITMENTS AND CONTINGENCIES

Legal Proceedings

The Company is party to various claims, legal proceedings and investigations arising in the ordinary course of business. Some of these actions involve complex factual and legal issues and are subject to uncertainties. At this time, the Company is not able to either predict the outcome of these legal proceedings or reasonably estimate a potential range of loss with respect to the proceedings. While it is not feasible to predict the outcome of such pending claims, proceedings and investigations with certainty, management is of the opinion that their ultimate resolution should not have a material adverse effect on results of operations, cash flows or financial position taken as a whole.

Lands' End is the defendant in four separate lawsuits, each of which seeks class certification and alleges similar injuries and claims: (1) DeCrescentis et al., v. Lands' End, Inc., United States District Court for the Southern District of New York, Civil Action No. l 9-cv- 4717-LJL, complaint filed May 22, 2019; (2) Gilbert et al. v. Lands' End, Inc., United States District Court for the Western District of Wisconsin, Civil Action No. 3:19-cv-00823-JDP, complaint filed October 3, 2019; (3) Andrews et al. v. Lands' End, Inc., United States District Court for the Western District of Wisconsin, Civil Action No. 3:19-cv-01066-JDP, complaint filed on December 31, 2019, on behalf of 521 named plaintiffs, later amended to include 1,089 named plaintiffs; and (4) Davis et al. v. Lands' End, Inc. and Lands' End Business Outfitters, Inc., United States District Court for the Western District of Wisconsin, Case No. 3:20-cv-00195, complaint filed on March 4, 2020. Plaintiffs in DeCrescentis seeks class certification for similarly situated New York-based Delta Airlines flight attendants, gate agents, and ramp agents. Plaintiffs in Gilbert, Andrews, and Davis seek nationwide class certification on behalf of similarly situated Delta employees.

Plaintiffs in DeCrescentis and Gilbert allege they have suffered adverse health events and personal property damage as a result of wearing uniforms manufactured by Lands' End. Andrews and Davis plaintiffs assert personal injuries due to adverse health effects but do not allege personal property damage. The DeCrescentis matter is currently in discovery.

Plaintiffs in DeCrescentis, Gilbert, and Davis each assert that the damages sustained by the members of the proposed class exceed $5,000,000. Plaintiffs in all four cases seek damages for personal injuries, pain and suffering, severe emotional distress, financial or economic loss, including medical services and expenses, lost income and other compensable injuries.

On March 9, 2020, Plaintiffs in Gilbert, Andrews, and Davis filed a motion to consolidate the three case schedules. Lands' End has filed a motion in opposition of consolidation. Further, in Gilbert, Lands' End has filed a motion to strike class allegations.

Lands' End is vigorously defending all four lawsuits and believes they are without merit.

Related Party Agreements and Transactions

12 Months Ended

Jan. 31, 2020

NOTE 11. RELATED PARTY AGREEMENTS AND TRANSACTIONS

According to statements on Schedule 13D filed with the SEC by ESL, ESL beneficially owns significant portions of both the Company's and Sears Holdings’ outstanding shares of common stock. Therefore, Sears Holdings, the Company's former parent company, is considered a related party.

On February 11, 2019, Transform Holdco acquired from Sears Holdings substantially all of the go-forward retail footprint and other assets and component businesses of Sears Holdings as a going concern. The Company believes that ESL holds a significant portion of the membership interests of Transform Holdco and therefore consider that entity to be a related party as well.

In connection with and subsequent to the Separation, the Company entered into various agreements with Sears Holdings which, among other things, (i) governed specified aspects of the Company's relationship following the Separation, especially with regards to the Lands’ End Shops at Sears, and (ii) established terms pursuant to which subsidiaries of Sears Holdings provided services to the Company. Some of these agreements have been assumed by and assigned to Transform Holdco in connection with the proceedings related to the Sears Filing.

All Lands’ End Shops at Sears closed by January 31, 2020 and accordingly there will be no further rent or retail operations transactions with Sears Holdings or Transform Holdco in Fiscal 2020. The components of the transactions between the Company and Sears Holdings or Transform Holdco in Fiscal 2019, Fiscal 2018 and Fiscal 2017, which exclude pass-through payments to or from third parties, are as follows.

Lands' End Shops at Sears

Related party costs charged by Sears Holdings or Transform Holdco to the Company related to Lands' End Shops at Sears were as follows:

(in thousands)	Fiscal 2019		Fiscal 2018		Fiscal 2017
Rent, CAM and occupancy costs	$	3,768	$	14,798	$	22,084
Retail services, store labor		3,396		13,719		21,934
Financial services and payment processing		385		1,644		2,455
Supply chain costs		119		465		741
Total expenses	$	7,668	$	30,626	$	47,214
Number of Lands’ End Shops at Sears at period end ⁽¹⁾		—		49		174

⁽¹⁾	During Fiscal 2019, Fiscal 2018 and Fiscal 2017, 49, 125 and 42 Lands' End Shops at Sears were closed, respectively.

General Corporate Services

Related party costs charged by Sears Holdings or Transform Holdco to the Company for general corporate services were as follows:

(in thousands)	Fiscal 2019		Fiscal 2018		Fiscal 2017
Sourcing	$	7,456	$	7,530	$	10,243
Shop Your Way Loyalty Program		108		933		1,119
Shared services		176		190		176
Total expenses, net	$	7,740	$	8,653	$	11,538

Sourcing

The Company contracts with a subsidiary of Sears Holdings to provide agreed upon buying agency services, on a non-exclusive basis, in foreign territories from where the Company purchases merchandise. These services, primarily based upon quantities purchased, include quality-control functions, regulatory compliance, product claims management and new vendor selection and setup assistance. The Company's contract under which it receives sourcing services from an affiliate of Sears Holdings runs through June 30, 2020.

These amounts are capitalized into inventory and are expensed through cost of goods sold over the course of inventory turns and included in Cost of sales in the Consolidated Statements of Operations.

Use of Intellectual Property or Services

Related party revenue charged by the Company to Sears Holdings for the use of intellectual property or services is as follows:

(in thousands)	Fiscal 2019			Fiscal 2018			Fiscal 2017
Call center services	$	—		$	—		$	1,160
Lands' End business outfitters revenue		4			845			1,045
Credit card revenue		375			709			980
Royalty income		142			189			213
Gift card revenue		(14	)		(17	)		(32	)
Total income	$	507		$	1,726		$	3,366

Additional Related Party Balance Sheet Information

Following the Sears Filing, the Company began netting payables due to Sears Holdings or Transform Holdco, as applicable, against receivables due from Sears Holdings or Transform Holdco if and as allowed under its contracts. As a result, receivables and payables have been netted and are presented as a net receivable balance in Accounts receivable, net in the Consolidated Balance Sheets. These amounts were immaterial as of January 31, 2020 and February 1, 2019.

In the third quarter Fiscal 2018, the Company recorded a non-cash charge of $2.6 million in Other expense, net, in the Consolidated Statement of Operations to reflect a reserve relating to pre-Separation UTBs (including penalties and interest) for which Sears Holdings Corporation indemnified the Company under a Tax Sharing Agreement entered into in connection with the Separation, the recovery of which had become uncertain as a result of the Sears Filing. Sears Holdings rejected the Tax Sharing Agreement, per an order approved on April 4, 2019. There was not an indemnification receivable as of January 31, 2020 and February 1, 2019.

Segment Reporting

12 Months Ended

Jan. 31, 2020

Segment Reporting [Abstract]

Segment Reporting

NOTE 12. SEGMENT REPORTING

The Company's operating segments consist of U.S. eCommerce, Outfitters, Europe eCommerce, Japan eCommerce and Retail. The Company determined that each of the operating segments share similar economic and other qualitative characteristics thus the results of the operating segments are aggregated into one reportable external segment, consistent with the Company's multi-channel business approach.

Net revenue is presented by product channel in the following table:

(in thousands)	Fiscal 2019		% of Revenue	Fiscal 2018		% of Revenue	Fiscal 2017		% of Revenue
eCommerce	$	1,104,829	76.2%	$	1,039,929	71.7%	$	975,446	69.3%
Outfitters		285,807	19.7%		289,251	19.9%		258,669	18.4%
Retail		59,565	4.1%		122,412	8.4%		172,562	12.3%
Total Net revenue	$	1,450,201		$	1,451,592		$	1,406,677

The geographical allocation of Net revenue is based upon where the product is shipped. The following presents summarized geographical information:

(in thousands)	Fiscal 2019		% of Revenue	Fiscal 2018		% of Revenue	Fiscal 2017		% of Revenue
United States	$	1,247,288	86.0%	$	1,245,157	85.8%	$	1,204,199	85.6%
Europe		137,134	9.5%		138,761	9.6%		134,543	9.6%
Asia		48,470	3.3%		50,203	3.5%		48,704	3.5%
Other		17,309	1.2%		17,471	1.1%		19,231	1.3%
Total Revenue	$	1,450,201		$	1,451,592		$	1,406,677

Property and equipment, net by geographical location are as follows:

(in thousands)	Fiscal 2019		Fiscal 2018		Fiscal 2017
United States	$	148,340	$	140,663	$	126,015
Europe		8,716		8,773		9,862
Asia		609		458		625
Total Property and equipment, net	$	157,665	$	149,894	$	136,502

Other than the United States, no one country is greater than 10% of total Net revenue or of total Property and equipment, net.

Quarterly Financial Data (Unaudited)

12 Months Ended

Jan. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

NOTE 13. QUARTERLY FINANCIAL DATA (UNAUDITED)

	2019
	First Quarter						Second Quarter						Third Quarter					Fourth Quarter
(in thousands except share data)	$’s			% Net Sales			$’s			% Net Sales			$’s		% Net Sales			$’s		% Net Sales
Net revenue		262,433			100.0	%		298,267			100.0	%		340,023		100.0	%		549,478		100.0	%
Gross profit		119,874			45.7	%		129,085			43.3	%		154,175		45.3	%		218,758		39.8	%
Operating (loss) income		(4,736	)		(1.8	)%		(561	)		(0.2	)%		10,907		3.2	%		39,827		7.2	%
Net (loss) income		(6,818	)		(2.6	)%		(3,014	)		(1.0	)%		3,606		1.1	%		25,516		4.6	%
Basic earnings per common share		(0.21	)					(0.09	)					0.11					0.79
Diluted earnings per common share⁽¹⁾		(0.21	)					(0.09	)					0.11					0.78

	2018
	First Quarter						Second Quarter						Third Quarter					Fourth Quarter
(in thousands except share data)	$’s			% Net Sales			$’s			% Net Sales			$’s		% Net Sales			$’s		% Net Sales
Net revenue		299,825			100.0	%		307,945			100.0	%		341,570		100.0	%		502,252		100.0	%
Gross profit		133,025			44.4	%		136,766			44.4	%		150,962		44.2	%		195,303		38.9	%
Operating income		2,527			0.8	%		875			0.3	%		8,485		2.5	%		30,712		6.1	%
Net income		(2,630	)		(0.9	)%		(5,285	)		(1.7	)%		3,294		1.0	%		16,211		3.2	%
Basic earnings per common share		(0.08	)					(0.16	)					0.10					0.50
Diluted earnings per common share⁽¹⁾		(0.08	)					(0.16	)					0.10					0.50

(1)

The sum of the quarterly earnings per share—basic and diluted amounts may not equal the fiscal year amount due to rounding.

Subsequent Events

12 Months Ended

Jan. 31, 2020

Subsequent Events [Abstract]

Subsequent Event

NOTE 14. SUBSEQUENT EVENT

In March 2020, the World Health Organization declared the outbreak of a novel COVID-19 as a pandemic, which continues to spread throughout the United States. In terms of the Company’s business, the Company does not anticipate a significant near term inventory or supply chain impact from the virus, but the Company has decided to close its 26 U.S. stores for several weeks, as part of the societal response to the current situation. While retail sales are less than 5% of the Company’s total revenues and the disruption is expected to be temporary, the Company has also seen a negative impact on customer demand. The Company cannot reasonably estimate the length or severity of this pandemic. Therefore, while the Company expects this matter to negatively impact its business, results of operations, and financial position, the related financial impact cannot be reasonably estimated at this time.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2020

Accounting Policies [Abstract]

Fiscal Year

Fiscal Year	Ended	Weeks
2019	January 31, 2020	52
2018	February 1, 2019	52
2017	February 2, 2018	53

Seasonality

Use of Estimates

Cash and Cash Equivalents

Cash and cash equivalents

Restricted Cash

Restricted cash

The Company classifies cash balances pledged as collateral as Restricted cash on the Consolidated Balance Sheets.

Allowance for Doubtful Accounts

Changes in the balance of the allowance for doubtful accounts are as follows:

(in thousands)	Fiscal 2019			Fiscal 2018
Beginning balance	$	542		$	637
Provision		151			192
Write-offs		(182	)		(287	)
Ending balance	$	511		$	542

Inventory

Deferred Catalog Costs and Marketing

Property and Equipment

(in thousands)	Asset Lives	January 31, 2020			February 1, 2019
Land	-	$	3,459		$	3,459
Buildings and improvements	15-30		100,269			99,400
Furniture, fixtures and equipment	3-10		59,731			62,823
Computer hardware and software	3-10		181,160			146,400
Leasehold improvements	3-7		8,423			6,569
Construction in progress			22,796			27,296
Gross property and equipment			375,838			345,947
Accumulated depreciation			(218,173	)		(196,053	)
Total property and equipment, net		$	157,665		$	149,894

As of January 31, 2020 and February 1, 2019, assets in development relate primarily to technological investments.

Impairment of Property and Equipment

Goodwill and Indefinite-lived Intangible Asset Impairment Assessments

Goodwill impairment assessments

Indefinite-lived intangible asset impairment assessments

Financial Instruments with Off-Balance-Sheet Risk

Fair Value of Financial Instruments

Foreign Currency Transactions and Translations

Foreign Currency Translations and Transactions

Revenue Recognition

Contract Liabilities

(in thousands)	Fiscal 2019			Fiscal 2018
Deferred revenue beginning of period	$	9,051		$	12,993
Deferred revenue recognized in period		(9,051	)		(12,993	)
Revenue deferred in period		8,096			9,051
Deferred revenue end of period	$	8,096		$	9,051

(in thousands)	Fiscal 2019			Fiscal 2018
Balance as of beginning of period	$	18,191		$	19,272
Gift cards sold		65,662			57,465
Gift cards redeemed		(60,043	)		(56,502	)
Gift card breakage		(1,218	)		(984	)
Change in accounting principle		—			(1,060	)
Balance as of January 31, 2020	$	22,592		$	18,191

Refund Liabilities

Cost of Sales

Selling and Administrative Expenses

Income Taxes

Self Insurance

Self-Insurance

Postretirement Benefit Plan

Effective January 1, 2006, the Company decided to indefinitely suspend eligibility to the postretirement medical plan for future company retirees.

Other Comprehensive Income (Loss)

Stock-Based Compensation

Earnings Per Share

Earnings per Share

Recently Adopted Accounting Pronouncements

Leases

Due to the absence of an implicit rate in the Company’s lease contracts, the Company estimates its incremental

Lease expense is recognized on a straight-line basis over the lease term and is included in Selling and

The impact of adoption of the new lease guidance on the Consolidated Balance Sheets as of February 2, 2019 was as follows. See Note 4, Leases, for further details.

(in thousands)	February 1, 2019 (as reported)			Impact of Adoption				February 2, 2019
Assets:
Operating lease right-of-use asset	$	—		$	27,494			$	27,494
Liabilities:
Lease liability - current		—			9,892				9,892
Lease liability - long-term		—			21,700				21,700
Stockholders' Equity:									—
Accumulated deficit		(17,159	)		(1,741	)	⁽¹⁾		(18,900	)

⁽¹⁾

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2020

Accounting Policies [Abstract]

Schedule of Allowance for Doubtful Accounts

Changes in the balance of the allowance for doubtful accounts are as follows:

(in thousands)	Fiscal 2019			Fiscal 2018
Beginning balance	$	542		$	637
Provision		151			192
Write-offs		(182	)		(287	)
Ending balance	$	511		$	542

Summary of Property and Equipment, Net

As of the balance sheet dates, Property and equipment, net consisted of the following:

(in thousands)	Asset Lives	January 31, 2020			February 1, 2019
Land	-	$	3,459		$	3,459
Buildings and improvements	15-30		100,269			99,400
Furniture, fixtures and equipment	3-10		59,731			62,823
Computer hardware and software	3-10		181,160			146,400
Leasehold improvements	3-7		8,423			6,569
Construction in progress			22,796			27,296
Gross property and equipment			375,838			345,947
Accumulated depreciation			(218,173	)		(196,053	)
Total property and equipment, net		$	157,665		$	149,894

Deferred Revenue Disclosure

The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer reported in Other current liabilities in the Consolidated Balance Sheets and amounts recognized through Net revenue for each period presented. The remainder of deferred revenue as of January 31, 2020 is expected to be recognized in Net revenue in the fiscal quarter ending May 1, 2020, as products are delivered to customers.

(in thousands)	Fiscal 2019			Fiscal 2018
Deferred revenue beginning of period	$	9,051		$	12,993
Deferred revenue recognized in period		(9,051	)		(12,993	)
Revenue deferred in period		8,096			9,051
Deferred revenue end of period	$	8,096		$	9,051

Gift Card Reconciliation

The following table provides the reconciliation of the contract liability related to gift cards:

(in thousands)	Fiscal 2019			Fiscal 2018
Balance as of beginning of period	$	18,191		$	19,272
Gift cards sold		65,662			57,465
Gift cards redeemed		(60,043	)		(56,502	)
Gift card breakage		(1,218	)		(984	)
Change in accounting principle		—			(1,060	)
Balance as of January 31, 2020	$	22,592		$	18,191

Schedule of Other Comprehensive Income (Loss)

	Fiscal 2019			Fiscal 2018			Fiscal 2017
Beginning balance: Accumulated other comprehensive loss (net of tax of $3,505, $2,816 and $6,691, respectively)	$	(13,183	)	$	(10,592	)	$	(12,426	)
Other comprehensive income (loss)
Foreign currency translation adjustments (net of tax of $(52), $689 and $(1,427), respectively)		195			(2,591	)		4,282
Impact of Tax Act		—			—			(2,448	)
Ending Balance: Accumulated other comprehensive loss (net of tax of $3,453, $3,505 and $2,816, respectively)	$	(12,988	)	$	(13,183	)	$	(10,592	)

Schedule of Components of Basic and Diluted EPS

The following table summarizes the components of basic and diluted EPS:

(in thousands)	Fiscal 2019		Fiscal 2018		Fiscal 2017
Net income	$	19,290	$	11,590	$	28,195
Basic weighted average shares outstanding		32,343		32,190		32,076
Dilutive impact of stock awards		2		336		34
Diluted weighted average shares outstanding		32,345		32,526		32,110
Basic earnings per share	$	0.60	$	0.36	$	0.88
Dilutive earnings per share	$	0.60	$	0.36	$	0.88

Schedule of Impact of Adoption on Consolidated Balance Sheet

The impact of adoption of the new lease guidance on the Consolidated Balance Sheets as of February 2, 2019 was as follows. See Note 4, Leases, for further details.

(in thousands)	February 1, 2019 (as reported)			Impact of Adoption				February 2, 2019
Assets:
Operating lease right-of-use asset	$	—		$	27,494			$	27,494
Liabilities:
Lease liability - current		—			9,892				9,892
Lease liability - long-term		—			21,700				21,700
Stockholders' Equity:									—
Accumulated deficit		(17,159	)		(1,741	)	⁽¹⁾		(18,900	)

⁽¹⁾

Debt (Tables)

12 Months Ended

Jan. 31, 2020

Debt Disclosure [Abstract]

Schedule of Company's Debt

The Company's debt consisted of the following:

	January 31, 2020					February 1, 2019
(in thousands)	Amount		Rate			Amount		Rate
Term Loan Facility, maturing April 4, 2021	$	385,388		5.05	%	$	490,538		5.77	%
ABL Facility, maturing November 16, 2022		—		—	%		—		—	%
		385,388					490,538
Less: current maturities		5,150					5,150
Less: unamortized debt issuance costs		1,581					2,935
Long-term debt, net	$	378,657				$	482,453

Summary of Company's Borrowing Availability Under ABL Facility

The following table summarizes the Company's borrowing availability under the ABL Facility:

(in thousands)	January 31, 2020		February 1, 2019
ABL Facility maximum borrowing	$	175,000	$	175,000
Outstanding letters of credit		23,299		21,111
Borrowing availability under ABL	$	151,701	$	153,889

Schedule of Aggregate Scheduled Maturities

The Company's aggregate scheduled maturities of the Term Loan Facility as of January 31, 2020 are as follows:

(in thousands)
Less than 1 year	$	5,150
1 - 2 years		380,238
2 - 3 years		—
3 - 4 years		—
4 - 5 years		—
	$	385,388

Leases (Tables)

12 Months Ended

Jan. 31, 2020

Leases [Abstract]

Components of Lease Expense

The components of lease expense are as follows:

(in thousands)	Fiscal 2019
Operating lease expense	$	9,210
Variable lease expense		1,682
Ending Balance	$	10,892

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases are as follows:

(in thousands)	Fiscal 2019
Operating lease right-of-use asset	$	38,665
Lease liability - current		5,864
Lease liability - long-term		39,841
Weighted average remaining lease term in years	8.03
Weighted average discount rate		6.39	%

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases are as follows:

(in thousands)	Fiscal 2019
Operating cash outflows from operating leases	$	10,631
Operating lease right-of-use-assets obtained in exchange for lease liabilities		19,584

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of January 31, 2020 are as follows (in thousands):

(in thousands)	Fiscal 2019
2020	$	8,743
2021		7,834
2022		7,096
2023		6,512
2024		6,187
Thereafter		23,663
Total operating lease payments	$	60,035
Less imputed interest		14,330
Present value of lease liabilities	$	45,705

Summary of future operating lease commitments

Total future commitments under the Company’s operating leases as of February 1, 2019 were as follows for the fiscal years ending (in thousands):

(in thousands)	Fiscal 2018
2020	$	10,851
2021		6,338
2022		4,873
2023		3,828
2024		2,839
Thereafter		10,590
Total minimum payments required	$	39,319

Stock-Based Compensation (Tables)

Jan. 31, 2020

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Stock-Based Compensation Expense

The following table summarizes the Company's stock-based compensation expense, which is included in Selling and administrative expense in the Consolidated Statements of Operations:

(in thousand)	Fiscal 2019		Fiscal 2018		Fiscal 2017
Deferred Awards		5,591		4,407		3,212
Performance Awards		2,352		1,006		88
Option Awards		748		748		651
Total stock-based compensation expense		8,690		6,161		3,951

Restricted Stock Units (RSUs)

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Deferred, Performance and Options Awards

The following table provides a summary of the Deferred Awards activity for Fiscal 2019 and Fiscal 2018:

	Fiscal Year Ended
	January 31, 2020					February 1, 2019
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Unvested deferred awards at beginning of year		594		$	21.96		497		$	22.07
Granted		428			15.62		294			21.93
Vested		(210	)		21.93		(151	)		22.32
Forfeited		(67	)		20.65		(46	)		21.62
Unvested deferred awards at end of year		745			18.49		594			21.96

Performance Shares

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Deferred, Performance and Options Awards

The following table provides a summary of the Performance Awards activity for Fiscal 2019 and Fiscal 2018:

	Fiscal Year Ended
	January 31, 2020					February 1, 2019
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Unvested performance awards at beginning of year		176		$	21.93		15		$	21.94
Granted		265			15.73		195			21.90
Vested		—			—		—			—
Forfeited		(29	)		18.85		(34	)		21.90
Unvested performance awards at end of year		412			18.15		176			21.93

Share-based Payment Arrangement, Option

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Deferred, Performance and Options Awards

The following table provides a summary of the Options Award activity for Fiscal 2019 and Fiscal 2018:

	Fiscal Year Ended
	January 31, 2020					February 1, 2019
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Unvested option awards at beginning of year		257		$	8.73		343		$	8.73
Granted		—			—		—			—
Vested		(86	)		8.73		(86	)		8.73
Forfeited		—			—		—			—
Unvested option awards at end of year		171			8.73		257			8.73

Other Current Liabilities (Tables)

12 Months Ended

Jan. 31, 2020

Other Liabilities Disclosure [Abstract]

Summary of Other Current Liabilities

Other current liabilities consisted of the following:

(in thousands)	January 31, 2020		February 1, 2019
Accrued employee compensation and benefits	$	42,809	$	42,439
Reserve for sales returns and allowances		21,641		22,222
Deferred gift card revenue		22,592		18,191
Accrued property, sales and other taxes		9,242		9,131
Other		9,736		11,240
Deferred revenue		8,096		9,051
Total other current liabilities	$	114,116	$	112,274

Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Jan. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values of Other Financial Instruments

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

January 31, 2020

February 1, 2019

(in thousands)

Carrying

Amount

Fair

Value

Carrying

Amount

Fair

Value

Long-term debt, including short-term portion

385,388

378,643

490,538

460,493

Goodwill and Indefinite Lived Intangible Assets (Tables)

12 Months Ended

Jan. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Indefinite Lived Intangible Assets and Goodwill

The following table summarizes the Company's indefinite-lived intangible asset and Goodwill:

(in thousands)	January 31, 2020		February 1, 2019
Goodwill balance	$	110,000	$	110,000
Trade name balance	$	257,000	$	257,000

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

The Company's income before income taxes in the United States and in foreign jurisdictions is as follows:

(in thousands)	Fiscal 2019			Fiscal 2018			Fiscal 2017
Income before income taxes
United States	$	21,406		$	16,297		$	9,011
Foreign		(44	)		(6,666	)		(8,563	)
Total income before income taxes	$	21,362		$	9,631		$	448

Schedule of Components of the Provision for Income Taxes

The components of the provision for (benefit from) income taxes are as follows:

(in thousands)	Fiscal 2019			Fiscal 2018			Fiscal 2017
United States	$	2,105		$	(1,959	)	$	(27,623	)
Foreign		(33	)		—			(124	)
Total provision (benefit)	$	2,072		$	(1,959	)	$	(27,747	)

(in thousands)	Fiscal 2019			Fiscal 2018			Fiscal 2017
Current:
Federal	$	979		$	(4,457	)	$	4,804
State		1,549			2,275			330
Foreign		—			—			(124	)
Total current		2,528			(2,182	)		5,010
Deferred:
Federal		340			1,650			(34,901	)
State		(763	)		(1,427	)		2,144
Foreign		(33	)		—			—
Total deferred		(456	)		223			(32,757	)
Total provision (benefit)	$	2,072		$	(1,959	)	$	(27,747	)

Reconciliation of the Effective Income Tax Rate

A reconciliation of the statutory federal income tax rate to the effective income tax rate is as follows:

	Fiscal 2019			Fiscal 2018			Fiscal 2017
Tax at statutory federal tax rate		21.0	%		21.0	%		33.8	%	*
State income taxes, net of federal tax benefit		2.9	%		10.0	%		103.5	%
Foreign differential		(4.0	)%		(4.6	)%		108.6	%
Permanent differences		4.3	%		23.4	%		383.1	%
Tax law changes		—	%		—	%		(7,793.7	)%
Repatriation of foreign earnings		—	%		(38.4	)%		950.9	%
Uncertain tax benefits		(0.8	)%		(38.6	)%		(600.1	)%
Change in foreign valuation allowance		4.2	%		19.2	%		509.8	%
Foreign branches		(15.9	)%		—	%		—	%
Other, net		(2.0	)%		(12.3	)%		110.6	%
Total		9.7	%		(20.3	)%		(6,193.5	)%

Summary of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consisted of the following:

(in thousands)	January 31, 2020			February 1, 2019			February 2, 2018
Deferred tax assets
Deferred revenue	$	3,797		$	3,053		$	3,292
Legal accruals		1,938			1,714			1,512
Deferred compensation		12,507			10,360			4,029
Reserve for returns		2,654			2,271			2,301
Inventory		3,413			3,690			3,099
CTA investment in foreign subsidiaries		3,453			3,505			2,816
Operating lease liabilities		10,319			—			—
Other		2,764			3,041			4,330
Net operating loss carryforward		6,018			5,117			2,284
Total deferred tax assets		46,863			32,751			23,663
Less valuation allowance		(6,526	)		(5,079	)		(2,284	)
Net deferred tax assets	$	40,337		$	27,672		$	21,379

Deferred tax liabilities
Intangible assets	$	62,397		$	62,959		$	62,754
LIFO reserve		17,503			16,382			16,659
Property and equipment		7,208			5,098			—
Operating lease right-of-use assets		8,586			—			—
Catalog advertising		2,294			1,903			1,103
Total deferred tax liabilities		97,988			86,342			80,516
Net deferred tax liability	$	57,651		$	58,670		$	59,137

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of UTBs is as follows:

	Fiscal 2019			Fiscal 2018			Fiscal 2017
Gross UTB balance at beginning of period	$	1,458		$	4,531		$	6,901
Tax positions related to the current period - gross increase		—			—			—
Tax positions related to the prior periods - gross decreases		(179	)		(2,588	)		(2,370	)
Settlements		(77	)		(485	)		—
Lapse of statutes of limitations					—			—
Gross UTB balance at end of period	$	1,202		$	1,458		$	4,531

Related Party Agreements and Transactions (Tables)

12 Months Ended

Jan. 31, 2020

Related party costs charged by Sears Holdings or Transform Holdco to the Company related to Lands' End Shops at Sears were as follows:

(in thousands)	Fiscal 2019		Fiscal 2018		Fiscal 2017
Rent, CAM and occupancy costs	$	3,768	$	14,798	$	22,084
Retail services, store labor		3,396		13,719		21,934
Financial services and payment processing		385		1,644		2,455
Supply chain costs		119		465		741
Total expenses	$	7,668	$	30,626	$	47,214
Number of Lands’ End Shops at Sears at period end ⁽¹⁾		—		49		174

⁽¹⁾	During Fiscal 2019, Fiscal 2018 and Fiscal 2017, 49, 125 and 42 Lands' End Shops at Sears were closed, respectively.

Related party costs charged by Sears Holdings or Transform Holdco to the Company for general corporate services were as follows:

(in thousands)	Fiscal 2019		Fiscal 2018		Fiscal 2017
Sourcing	$	7,456	$	7,530	$	10,243
Shop Your Way Loyalty Program		108		933		1,119
Shared services		176		190		176
Total expenses, net	$	7,740	$	8,653	$	11,538

Related party revenue charged by the Company to Sears Holdings for the use of intellectual property or services is as follows:

(in thousands)	Fiscal 2019			Fiscal 2018			Fiscal 2017
Call center services	$	—		$	—		$	1,160
Lands' End business outfitters revenue		4			845			1,045
Credit card revenue		375			709			980
Royalty income		142			189			213
Gift card revenue		(14	)		(17	)		(32	)
Total income	$	507		$	1,726		$	3,366

Segment Reporting (Tables)

12 Months Ended

Jan. 31, 2020

Segment Reporting [Abstract]

Summary of Net Revenue by Product Channel

Net revenue is presented by product channel in the following table:

(in thousands)	Fiscal 2019		% of Revenue	Fiscal 2018		% of Revenue	Fiscal 2017		% of Revenue
eCommerce	$	1,104,829	76.2%	$	1,039,929	71.7%	$	975,446	69.3%
Outfitters		285,807	19.7%		289,251	19.9%		258,669	18.4%
Retail		59,565	4.1%		122,412	8.4%		172,562	12.3%
Total Net revenue	$	1,450,201		$	1,451,592		$	1,406,677

Summary of Segment and Geographic Region

The geographical allocation of Net revenue is based upon where the product is shipped. The following presents summarized geographical information:

(in thousands)	Fiscal 2019		% of Revenue	Fiscal 2018		% of Revenue	Fiscal 2017		% of Revenue
United States	$	1,247,288	86.0%	$	1,245,157	85.8%	$	1,204,199	85.6%
Europe		137,134	9.5%		138,761	9.6%		134,543	9.6%
Asia		48,470	3.3%		50,203	3.5%		48,704	3.5%
Other		17,309	1.2%		17,471	1.1%		19,231	1.3%
Total Revenue	$	1,450,201		$	1,451,592		$	1,406,677

Summary of Property and Equipment Net by Geographical Location

Property and equipment, net by geographical location are as follows:

(in thousands)	Fiscal 2019		Fiscal 2018		Fiscal 2017
United States	$	148,340	$	140,663	$	126,015
Europe		8,716		8,773		9,862
Asia		609		458		625
Total Property and equipment, net	$	157,665	$	149,894	$	136,502

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Jan. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Data

	2019
	First Quarter						Second Quarter						Third Quarter					Fourth Quarter
(in thousands except share data)	$’s			% Net Sales			$’s			% Net Sales			$’s		% Net Sales			$’s		% Net Sales
Net revenue		262,433			100.0	%		298,267			100.0	%		340,023		100.0	%		549,478		100.0	%
Gross profit		119,874			45.7	%		129,085			43.3	%		154,175		45.3	%		218,758		39.8	%
Operating (loss) income		(4,736	)		(1.8	)%		(561	)		(0.2	)%		10,907		3.2	%		39,827		7.2	%
Net (loss) income		(6,818	)		(2.6	)%		(3,014	)		(1.0	)%		3,606		1.1	%		25,516		4.6	%
Basic earnings per common share		(0.21	)					(0.09	)					0.11					0.79
Diluted earnings per common share⁽¹⁾		(0.21	)					(0.09	)					0.11					0.78

	2018
	First Quarter						Second Quarter						Third Quarter					Fourth Quarter
(in thousands except share data)	$’s			% Net Sales			$’s			% Net Sales			$’s		% Net Sales			$’s		% Net Sales
Net revenue		299,825			100.0	%		307,945			100.0	%		341,570		100.0	%		502,252		100.0	%
Gross profit		133,025			44.4	%		136,766			44.4	%		150,962		44.2	%		195,303		38.9	%
Operating income		2,527			0.8	%		875			0.3	%		8,485		2.5	%		30,712		6.1	%
Net income		(2,630	)		(0.9	)%		(5,285	)		(1.7	)%		3,294		1.0	%		16,211		3.2	%
Basic earnings per common share		(0.08	)					(0.16	)					0.10					0.50
Diluted earnings per common share⁽¹⁾		(0.08	)					(0.16	)					0.10					0.50

(1)

The sum of the quarterly earnings per share—basic and diluted amounts may not equal the fiscal year amount due to rounding.

Summary of Significant Accounting Policies - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019
Accounting Policies [Abstract]
Beginning balance	$ 542	$ 637
Provision	151	192
Write-offs	(182)	(287)
Ending balance	$ 511	$ 542

Summary of Significant Accounting Policies - Additional Information (Details)	2 Months Ended	12 Months Ended
	Mar. 23, 2020 USD ($)	Jan. 31, 2020 USD ($) Store shares	Feb. 01, 2019 USD ($) shares	Feb. 02, 2018 USD ($) shares	Nov. 02, 2018 USD ($)	Nov. 16, 2017 USD ($)	Apr. 04, 2014 USD ($)
Significant Accounting Policies [Line Items]
Increase in inventories		$ 53,819,000	$ (7,773,000)	$ 2,709,000
Reserve for excess and obsolete inventory		11,000,000	12,500,000
Unamortized marketing costs		14,700,000	13,500,000
Marketing expenses		194,900,000	186,900,000	186,400,000
Depreciation expense		31,100,000	27,600,000	24,900,000
Impairment of property and equipment		1,400,000	254,000	0
Goodwill		110,000,000	110,000,000
Impairment of intangible assets		0	0	0
Line of credit facility, maximum borrowing capacity		175,000,000				$ 175,000,000
Letter of credit limit						$ 70,000,000
Accounts receivable, net		50,953,000	34,549,000
Restructuring charge				3,900,000
Restructuring accrual		$ 700,000	1,300,000
Number of school uniform showrooms closed \| Store		5
Non-cash charge for reserve against indemnification asset			2,600,000		$ 2,600,000
Indemnification asset		$ 0	0				$ 13,700,000
Total self insurance expenses		17,400,000	17,100,000	16,500,000
401(k) plan expense		3,600,000	3,500,000	3,200,000
Amounts reclassified from accumulated other comprehensive loss		$ 0	$ 0	$ 2,400,000
Options awards expiration period		10 years
Awards vesting period		4 years
Antidilutive shares excluded from diluted weighted average shares outstanding \| shares		745,575	438,583	397,669
Sears Holdings Corporation
Significant Accounting Policies [Line Items]
Selling and administrative expenses allocated from former parent		$ 6,400,000	$ 30,200,000	$ 47,100,000
Other Current Liabilities
Significant Accounting Policies [Line Items]
Refund liabilities		21,600,000	$ 22,200,000
Cost Of Sales
Significant Accounting Policies [Line Items]
Foreign exchange transaction adjustments		$ 3,400,000		$ (4,800,000)
Outfitters \| Accounts Receivable
Significant Accounting Policies [Line Items]
Number of customers representing greater than ten percent of accounts receivable		two
Outfitters \| Accounts Receivable \| Credit Concentration Risk
Significant Accounting Policies [Line Items]
Combined percentage of accounts receivable		54.00%
Subsequent Event
Significant Accounting Policies [Line Items]
Line of credit facility, maximum borrowing capacity	$ 200,000,000
Increase in borrowing capacity	$ 25,000,000
Trade Names
Significant Accounting Policies [Line Items]
Reporting units exceeded the carrying value percentage		19.10%	45.10%	9.70%
US eCommerce
Significant Accounting Policies [Line Items]
Reporting units exceeded the carrying value percentage		34.70%
Outfitters
Significant Accounting Policies [Line Items]
Reporting units exceeded the carrying value percentage		48.60%
Japan
Significant Accounting Policies [Line Items]
Reporting units exceeded the carrying value percentage		3.10%
Goodwill		$ 3,300,000
United States
Significant Accounting Policies [Line Items]
Percentage of LIFO inventory		90.00%	88.00%
LIFO
Significant Accounting Policies [Line Items]
Increase in inventories		$ 900,000	$ 1,100,000

Summary of Significant Accounting Policies - Summary of Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 375,838	$ 345,947
Accumulated depreciation	(218,173)	(196,053)
Total property and equipment, net	157,665	149,894	$ 136,502
Land
Property Plant And Equipment [Line Items]
Gross property and equipment	3,459	3,459
Buildings and improvements
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 100,269	99,400
Buildings and improvements \| Minimum
Property Plant And Equipment [Line Items]
Asset lives of property and equipment	15 years
Buildings and improvements \| Maximum
Property Plant And Equipment [Line Items]
Asset lives of property and equipment	30 years
Furniture, fixtures and equipment
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 59,731	62,823
Furniture, fixtures and equipment \| Minimum
Property Plant And Equipment [Line Items]
Asset lives of property and equipment	3 years
Furniture, fixtures and equipment \| Maximum
Property Plant And Equipment [Line Items]
Asset lives of property and equipment	10 years
Computer hardware and software
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 181,160	146,400
Computer hardware and software \| Minimum
Property Plant And Equipment [Line Items]
Asset lives of property and equipment	3 years
Computer hardware and software \| Maximum
Property Plant And Equipment [Line Items]
Asset lives of property and equipment	10 years
Leasehold improvements
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 8,423	6,569
Leasehold improvements \| Minimum
Property Plant And Equipment [Line Items]
Asset lives of property and equipment	3 years
Leasehold improvements \| Maximum
Property Plant And Equipment [Line Items]
Asset lives of property and equipment	7 years
Construction in progress
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 22,796	$ 27,296

Summary of Significant Accounting Policies - Deferred Revenue Disclosure (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019
Revenue Recognition And Deferred Revenue [Abstract]
Deferred revenue beginning of period	$ 9,051	$ 12,993
Deferred revenue recognized in period	(9,051)	(12,993)
Revenue deferred in period	8,096	9,051
Deferred revenue end of period	$ 8,096	$ 9,051

Summary of Significant Accounting Policies - Gift Card Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019
Gift Cards [Line Items]
Gift card liability at beginning of period	$ 18,191	$ 19,272
Gift cards sold	65,662	57,465
Gift cards redeemed	(60,043)	(56,502)
Gift card breakage	(1,218)	(984)
Gift card liability at ending of period	$ 22,592	18,191
Adjustments for New Accounting Pronouncement
Gift Cards [Line Items]
Change in accounting principle		$ (1,060)

Summary of Significant Accounting Policies - Schedule of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Accounting Policies [Abstract]
Beginning balance: Accumulated other comprehensive loss (net of tax of $3,505, $2,816 and $6,691, respectively)	$ (13,183)	$ (10,592)	$ (12,426)
Other comprehensive income (loss)
Foreign currency translation adjustments (net of tax of $(52), $689 and $(1,427), respectively)	195	(2,591)	4,282
Impact of Tax Act			(2,448)
Ending Balance: Accumulated other comprehensive loss (net of tax of $3,453, $3,505 and $2,816, respectively)	$ (12,988)	$ (13,183)	$ (10,592)

Summary of Significant Accounting Policies - Schedule of Other Comprehensive Income (Loss) (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018	Jan. 27, 2017
Accounting Policies [Abstract]
Accumulated other comprehensive loss, tax	$ 3,453	$ 3,505	$ 2,816	$ 6,691
Foreign currency translations adjustment, tax	$ (52)	$ 689	$ (1,427)

Summary of Significant Accounting Policies - Schedule of Components of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 30, 2020	Nov. 01, 2019	Aug. 02, 2019	May 03, 2019	Feb. 01, 2019	Nov. 02, 2018	Aug. 03, 2018	May 04, 2018	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Accounting Policies [Abstract]
Net income	$ 25,516	$ 3,606	$ (3,014)	$ (6,818)	$ 16,211	$ 3,294	$ (5,285)	$ (2,630)	$ 19,290	$ 11,590	$ 28,195
Basic weighted average shares outstanding									32,343	32,190	32,076
Dilutive impact of stock awards									2	336	34
Diluted weighted average shares outstanding									32,345	32,526	32,110
Basic:	$ 0.79	$ 0.11	$ (0.09)	$ (0.21)	$ 0.50	$ 0.10	$ (0.16)	$ (0.08)	$ 0.60	$ 0.36	$ 0.88
Diluted:	$ 0.78	$ 0.11	$ (0.09)	$ (0.21)	$ 0.50	$ 0.10	$ (0.16)	$ (0.08)	$ 0.60	$ 0.36	$ 0.88

- Definition

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

+ References

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+ 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

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+ Details

- Definition

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

+ References + Details

Summary of Significant Accounting Policies - Schedule of Impact of Adoption of New Lease Guidance on Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 02, 2019	Feb. 01, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease right-of-use asset	$ 38,665
Lease liability - current	5,864
Lease liability - long-term	39,841
Accumulated deficit	$ 390		$ (17,159)
Accounting Standards Update 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease right-of-use asset		$ 27,494
Lease liability - current		9,892
Lease liability - long-term		21,700
Accumulated deficit		(18,900)
Accounting Standards Update 2016-02 \| Impact of Adoption
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease right-of-use asset		27,494
Lease liability - current		9,892
Lease liability - long-term		21,700
Accumulated deficit		$ (1,741)

Debt - Additional Information (Details)			2 Months Ended	3 Months Ended	12 Months Ended
Debt - Additional Information (Details)	Nov. 16, 2017 USD ($)	Apr. 04, 2014 USD ($)	Mar. 23, 2020 USD ($)	May 03, 2019 USD ($)	Jan. 31, 2020 USD ($)	Feb. 01, 2019 USD ($)	Nov. 01, 2019 USD ($)
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 175,000,000				$ 175,000,000
Letter of credit limit	70,000,000
Debt issuance costs, line of credit arrangements, gross	$ 1,500,000
Dividends		$ 500,000,000
Debt instrument, fee		11,400,000
Term Loan Facility
Line Of Credit Facility [Line Items]
Secured debt		$ 515,000,000			385,388,000	$ 490,538,000
Voluntary prepayment of term loan				$ 100,000,000
Line of credit facility, amortization rate	1.00%
Term Loan Facility \| Minimum
Line Of Credit Facility [Line Items]
Interest rate floor						.01
Term Loan Facility \| Secured debt \| Minimum
Line Of Credit Facility [Line Items]
Mandatory prepayment terms, amount equal to borrowers' excess cash flows, percentage	0.00%
Term Loan Facility \| Secured debt \| Maximum
Line Of Credit Facility [Line Items]
Mandatory prepayment terms, amount equal to borrowers' excess cash flows, percentage	50.00%
Term Loan Facility \| LIBOR \| Secured debt
Line Of Credit Facility [Line Items]
Spread on variable rate						3.25%
Term Loan Facility \| Base rate \| Secured debt
Line Of Credit Facility [Line Items]
Spread on variable rate						2.25%
Current ABL Facility
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity						$ 175,000,000
Current ABL Facility \| Secured debt
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity					$ 83,300,000		$ 83,300,000
Line of credit facility, unused commitment fee percentage						0.25%
Line of credit facility, covenant terms, minimum percentage of loan cap amount					10.00%
Line of credit facility, covenant terms, minimum excess credit availability					$ 15,000,000
Line of credit facility, covenant terms, minimum fixed charge coverage ratio					1.0
Current ABL Facility \| LIBOR \| Secured debt \| Minimum
Line Of Credit Facility [Line Items]
Spread on variable rate						1.25%
Current ABL Facility \| LIBOR \| Secured debt \| Maximum
Line Of Credit Facility [Line Items]
Spread on variable rate						1.75%
ABL Facilities \| Base rate \| Secured debt \| Minimum
Line Of Credit Facility [Line Items]
Spread on variable rate						0.50%
ABL Facilities \| Base rate \| Secured debt \| Maximum
Line Of Credit Facility [Line Items]
Spread on variable rate						1.00%
Subsequent Event
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 200,000,000
Increase in borrowing capacity			$ 25,000,000

Debt - Schedule of Company's Debt (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019	Apr. 04, 2014
Line Of Credit Facility [Line Items]
Long-term debt	$ 385,388	$ 490,538
Less: current maturities	5,150	5,150
Less: unamortized debt issuance costs	1,581	2,935
Long-term debt, net	$ 378,657	$ 482,453
Debt instrument, interest rate, stated percentage	5.05%	5.77%
Term Loan Facility
Line Of Credit Facility [Line Items]
Secured debt	$ 385,388	$ 490,538	$ 515,000

Debt - Summary of Company's Borrowing Availability Under ABL Facility (Details) - USD ($)	Jan. 31, 2020	Feb. 01, 2019	Nov. 16, 2017
Line Of Credit Facility [Line Items]
ABL Facility maximum borrowing	$ 175,000,000		$ 175,000,000
Outstanding letters of credit	23,299,000
Borrowing availability under ABL	$ 151,701,000
Current ABL Facility
Line Of Credit Facility [Line Items]
ABL Facility maximum borrowing		$ 175,000,000
Outstanding letters of credit		21,111,000
Borrowing availability under ABL		$ 153,889,000

Debt - Schedule of Aggregate Maturities (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019
Debt Disclosure [Abstract]
Less than 1 year	$ 5,150
1 - 2 years	380,238
Long-term debt	$ 385,388	$ 490,538

Leases - Components of Lease Expense (Details) $ in Thousands	12 Months Ended
	Jan. 31, 2020 USD ($)
Leases [Abstract]
Operating lease expense	$ 9,210
Variable lease expense	1,682
Ending Balance	$ 10,892

Leases - Supplemental Balance Sheet Information Related to Operating Leases (Details) $ in Thousands	Jan. 31, 2020 USD ($)
Leases [Abstract]
Operating lease right-of-use asset	$ 38,665
Lease liability - current	5,864
Lease liability - long-term	$ 39,841
Weighted average remaining lease term in years	8 years 10 days
Weighted average discount rate	6.39%

Leases - Supplemental Cash Flow Information Related to Operating Leases (Details) $ in Thousands	12 Months Ended
	Jan. 31, 2020 USD ($)
Leases [Abstract]
Operating cash outflows from operating leases	$ 10,631
Operating lease right-of-use-assets obtained in exchange for lease liabilities	$ 19,584

Leases - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Jan. 31, 2020 USD ($)
Leases [Abstract]
2020	$ 8,743
2021	7,834
2022	7,096
2023	6,512
2024	6,187
Thereafter	23,663
Total operating lease payments	60,035
Less imputed interest	14,330
Present value of lease liabilities	$ 45,705

Leases - Summary of Lease Maturities (Details) $ in Thousands	Feb. 01, 2019 USD ($)
Future minimum commitments operating lease payments
2020	$ 10,851
2021	6,338
2022	4,873
2023	3,828
2024	2,839
Thereafter	10,590
Total minimum payments required	$ 39,319

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Target shares earned	100.00%
Vesting period	4 years
Options awards expiration period	10 years
Performance Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Compensation expense not yet recognized	$ 4.2
Compensation expense not yet recognized, recognition period	1 year 9 months 18 days
Performance awards period considered	3 years	3 years
Share-based Payment Arrangement, Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
Options awards expiration period	10 years
Compensation expense not yet recognized	$ 0.9
Compensation expense not yet recognized, recognition period	1 year 1 month 6 days
Options awards exercisable	171,567
Options exercised	0
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Compensation expense not yet recognized	$ 7.7
Compensation expense not yet recognized, recognition period	1 year 8 months 12 days
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Target shares earned	50.00%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Target shares earned	200.00%

Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 8,690	$ 6,161	$ 3,951
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	5,591	4,407	3,212
Share-based Payment Arrangement, Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	748	748	651
Performance Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 2,352	$ 1,006	$ 88

Stock-Based Compensation - Summary of Deferred Awards Activity (Details) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Unvested awards at beginning of year	594,000	497,000
Number of Shares, Granted	428,000	294,000
Number of Shares, Vested	(210,000)	(151,000)
Number of Shares, Forfeited	(67,000)	(46,000)
Number of Shares, Unvested awards at end of year	745,000	594,000
Weighted Average Grant Date Fair Value, Unvested awards at beginning of year	$ 21.96	$ 22.07
Weighted Average Grant Date Fair Value, Granted	15.62	21.93
Weighted Average Grant Date Fair Value, Vested	21.93	22.32
Weighted Average Grant Date Fair Value, Forfeited	20.65	21.62
Weighted Average Grant Date Fair Value, Unvested awards at end of year	$ 18.49	$ 21.96

Stock-Based Compensation - Summary of Performance Awards Activity (Details) - Performance Shares - $ / shares	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Unvested awards at beginning of year	176,000	15,000
Number of Shares, Granted	265,000	195,000
Number of Shares, Vested	0	0
Number of Shares, Forfeited	(29,000)	(34,000)
Number of Shares, Unvested awards at end of year	412,000	176,000
Weighted Average Grant Date Fair Value, Unvested awards at beginning of year	$ 21.93	$ 21.94
Weighted Average Grant Date Fair Value, Granted	15.73	21.90
Weighted Average Grant Date Fair Value, Vested	0	0
Weighted Average Grant Date Fair Value, Forfeited	18.85	21.90
Weighted Average Grant Date Fair Value, Unvested awards at end of year	$ 18.15	$ 21.93

Stock-Based Compensation - Summary of Options Award Activity (Details) - Share-based Payment Arrangement, Option - $ / shares	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Unvested option awards at beginning of year	257,000	343,000
Number of Shares, Granted	0	0
Number of Shares, Vested	(86,000)	(86,000)
Number of Shares, Forfeited	0	0
Number of Shares, Unvested option awards at end of year	171,000	257,000
Weighted Average Grant Date Fair Value, Unvested option awards at beginning of year	$ 8.73	$ 8.73
Weighted Average Grant Date Fair Value, Granted	0	0
Weighted Average Grant Date Fair Value, Vested	8.73	8.73
Weighted Average Grant Date Fair Value, Forfeited	0	0
Weighted Average Grant Date Fair Value, Unvested option awards at end of year	$ 8.73	$ 8.73

Other Current Liabilities - Summary of Other Current Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Other Liabilities Current [Abstract]
Accrued employee compensation and benefits	$ 42,809	$ 42,439
Reserve for sales returns and allowances	21,641	22,222
Deferred gift card revenue	22,592	18,191	$ 19,272
Accrued property, sales and other taxes	9,242	9,131
Other	9,736	11,240
Deferred revenue	8,096	9,051
Total other current liabilities	$ 114,116	$ 112,274

Fair Value of Financial Assets and Liabilities - Additional Information (Details) - USD ($)	Jan. 31, 2020	Feb. 01, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted cash	$ 2,149,000	$ 1,948,000
Nonrecurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Nonfinancial assets fair value disclosure	0	0
Nonfinancial liabilities fair value disclosure	0	0
Fair Value \| Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted cash	$ 2,100,000	$ 1,900,000

Fair Value of Financial Assets and Liabilities - Carrying Values and Fair Values of Other Financial Instruments (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including short-term portion	$ 385,388	$ 490,538
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including short-term portion	385,388	490,538
Fair Value \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including short-term portion	$ 378,643	$ 460,493

Goodwill and Indefinite Lived Intangible Assets - Summary of Indefinite Lived Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 110,000	$ 110,000
Trade name balance	$ 257,000	$ 257,000

Goodwill and Indefinite Lived Intangible Assets - Additional Information (Details) - USD ($)	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Impairment of indefinite-lived assets (excluding goodwill)	$ 0	$ 0
Goodwill, impairment loss	$ 0	$ 0	$ 0

Income Taxes - Schedule of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Income before income taxes
United States	$ 21,406	$ 16,297	$ 9,011
Foreign	(44)	(6,666)	(8,563)
Income before income taxes	$ 21,362	$ 9,631	$ 448

Income Taxes - Schedule of Components of the Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Income Tax Expense (Benefit), Continuing Operations, by Jurisdiction [Abstract]
United States	$ 2,105	$ (1,959)	$ (27,623)
Foreign	(33)	0	(124)
Total provision (benefit)	2,072	(1,959)	(27,747)
Current:
Federal	979	(4,457)	4,804
State	1,549	2,275	330
Foreign		0	(124)
Total current	2,528	(2,182)	5,010
Deferred:
Federal	340	1,650	(34,901)
State	(763)	(1,427)	2,144
Foreign	(33)	0	0
Total deferred	(456)	223	(32,757)
Total provision (benefit)	$ 2,072	$ (1,959)	$ (27,747)

Income Taxes - Reconciliation of the Effective Income Tax Rate (Details)	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Income Tax Disclosure [Abstract]
Tax at statutory federal tax rate	21.00%	21.00%	33.80%
State income taxes, net of federal tax benefit	2.90%	10.00%	103.50%
Foreign differential	(4.00%)	(4.60%)	108.60%
Permanent differences	4.30%	23.40%	383.10%
Tax law changes		0.00%	(7793.70%)
Repatriation of foreign earnings		(38.40%)	950.90%
Uncertain tax benefits	(0.80%)	(38.60%)	(600.10%)
Change in foreign valuation allowance	4.20%	19.20%	509.80%
Foreign branches	(15.90%)
Other, net	(2.00%)	(12.30%)	110.60%
Total	9.70%	(20.30%)	(6193.50%)

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018	Nov. 02, 2018	Jan. 27, 2017	Apr. 04, 2014
Income Tax Examination [Line Items]
Tax at statutory federal tax rate	21.00%	21.00%	33.80%
Unrecognized tax benefits	$ 1,202	$ 1,458	$ 4,531		$ 6,901
Unrecognized tax benefits that would impact effective tax rate	1,000
Amount of interest and penalties recognized	700	800
Income tax examination, penalties and interest accrued, net of tax benefit	600	600
Indemnification receivable	0	0				$ 13,700
Indemnification write down		4,800
Indemnification reserve		$ 2,600		$ 2,600
Tax act benefit			30,600
Deferred tax liability tax act adjustment			29,700
Transition tax liability			4,300
State tax law changes			3,700
Reduction in Unremitted Foreign Earnings
Income Tax Examination [Line Items]
Deferred tax liability tax act adjustment			$ 5,200
State and Local Jurisdiction
Income Tax Examination [Line Items]
Operating loss Carryforwards	13,900
Deferred tax assets, net	1,000
Foreign Tax Authority
Income Tax Examination [Line Items]
Operating loss Carryforwards	14,900
Deferred tax assets, net	$ 5,000

Income Taxes - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Deferred tax assets
Deferred revenue	$ 3,797	$ 3,053	$ 3,292
Legal accruals	1,938	1,714	1,512
Deferred compensation	12,507	10,360	4,029
Reserve for returns	2,654	2,271	2,301
Inventory	3,413	3,690	3,099
CTA investment in foreign subsidiaries	3,453	3,505	2,816
Operating lease liabilities	10,319
Other	2,764	3,041	4,330
Net operating loss carryforward	6,018	5,117	2,284
Total deferred tax assets	46,863	32,751	23,663
Less valuation allowance	(6,526)	(5,079)	(2,284)
Net deferred tax assets	40,337	27,672	21,379
Deferred tax liabilities
Intangible assets	62,397	62,959	62,754
LIFO reserve	17,503	16,382	16,659
Property and equipment	7,208	5,098
Operating lease right-of-use assets	8,586
Catalog advertising	2,294	1,903	1,103
Total deferred tax liabilities	97,988	86,342	80,516
Net deferred tax liability	$ 57,651	$ 58,670	$ 59,137

Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Income Tax Disclosure [Abstract]
Gross UTB balance at beginning of period	$ 1,458	$ 4,531	$ 6,901
Tax positions related to the prior periods - gross decreases	(179)	(2,588)	(2,370)
Settlements	(77)	(485)
Gross UTB balance at end of period	$ 1,202	$ 1,458	$ 4,531

Commitments and Contingencies - Additional Information (Details) $ in Thousands	12 Months Ended
	Jan. 31, 2020 USD ($) Lawsuit
Loss Contingencies [Line Items]
Number of lawsuits \| Lawsuit	4
Minimum
Loss Contingencies [Line Items]
Damages sustained by proposed members \| $	$ 5,000,000

Related Party Agreements and Transactions - Schedule of Related Party Costs (Details) - Sears Holdings Corporation $ in Thousands	12 Months Ended
	Jan. 31, 2020 USD ($)	Feb. 01, 2019 USD ($) Store	Feb. 02, 2018 USD ($) Store
Related Party Transaction [Line Items]
Related party expenses	$ 7,740	$ 8,653	$ 11,538
Number of Lands’ End Shops at Sears at period end \| Store		49	174
Rent, CAM and Occupancy Costs
Related Party Transaction [Line Items]
Related party expenses	3,768	$ 14,798	$ 22,084
Retail Services, Store Labor
Related Party Transaction [Line Items]
Related party expenses	3,396	13,719	21,934
Financial Services and Payment Processing
Related Party Transaction [Line Items]
Related party expenses	385	1,644	2,455
Supply Chain Costs
Related Party Transaction [Line Items]
Related party expenses	119	465	741
Costs Related to Lands' End Shops at Sears
Related Party Transaction [Line Items]
Related party expenses	$ 7,668	$ 30,626	$ 47,214

Related Party Agreements and Transactions - Schedule of Related Party Costs (Parenthetical) (Details) - Store	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Sears Holdings Corporation
Related Party Transaction [Line Items]
Number of Lands' End Shops at Sears closed in period	49	125	42

Related Party Agreements and Transactions - Summary of General Corporate Services (Details) - Sears Holdings Corporation - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Related Party Transaction [Line Items]
Related party expenses	$ 7,740	$ 8,653	$ 11,538
Sourcing
Related Party Transaction [Line Items]
Related party expenses	7,456	7,530	10,243
Shop Your Way Loyalty Program
Related Party Transaction [Line Items]
Related party expenses	108	933	1,119
Shared Services
Related Party Transaction [Line Items]
Related party expenses	$ 176	$ 190	$ 176

Related Party Agreements and Transactions - Summary of Use of Intellectual Property or Services (Details) - Sears Holdings Corporation - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Related Party Transaction [Line Items]
Related party revenue, net	$ 507	$ 1,726	$ 3,366
Call Center Services
Related Party Transaction [Line Items]
Related party revenue, net			1,160
Lands' End Business Outfitters Revenue
Related Party Transaction [Line Items]
Related party revenue, net	4	845	1,045
Credit Card Revenue
Related Party Transaction [Line Items]
Related party revenue, net	375	709	980
Royalty Income
Related Party Transaction [Line Items]
Related party revenue, net	142	189	213
Gift Card Revenue
Related Party Transaction [Line Items]
Related party revenue, net	$ (14)	$ (17)	$ (32)

Related Party Agreements and Transactions - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 02, 2018	Jan. 31, 2020	Feb. 01, 2019	Apr. 04, 2014
Related Party Transaction [Line Items]
Indemnification receivable		$ 0.0	$ 0.0	$ 13.7
Sears Holdings Corporation \| Other Expense, Net
Related Party Transaction [Line Items]
Indemnification Reserve Expense	$ 2.6

Segment Reporting - Additional Information (Details)	12 Months Ended
Segment Reporting - Additional Information (Details)	Jan. 31, 2020 Segment Country
Segment Reporting [Abstract]
Number of reportable segments \| Segment	1
Number of countries other than the U.S. representing greater than 10% of total net revenue	0
Number of countries other than the U.S. representing greater than 10% of total property and equipment, net	0

Segment Reporting - Summary of Net Revenue by Product Channel (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 30, 2020	Nov. 01, 2019	Aug. 02, 2019	May 03, 2019	Feb. 01, 2019	Nov. 02, 2018	Aug. 03, 2018	May 04, 2018	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Segment Reporting Information [Line Items]
Net revenue	$ 549,478	$ 340,023	$ 298,267	$ 262,433	$ 502,252	$ 341,570	$ 307,945	$ 299,825	$ 1,450,201	$ 1,451,592	$ 1,406,677
Percentage of revenue	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
eCommerce
Segment Reporting Information [Line Items]
Net revenue									$ 1,104,829	$ 1,039,929	$ 975,446
Percentage of revenue									76.20%	71.70%	69.30%
Outfitters
Segment Reporting Information [Line Items]
Net revenue									$ 285,807	$ 289,251	$ 258,669
Percentage of revenue									19.70%	19.90%	18.40%
Retail
Segment Reporting Information [Line Items]
Net revenue									$ 59,565	$ 122,412	$ 172,562
Percentage of revenue									4.10%	8.40%	12.30%

Segment Reporting - Summary of Segment and Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 30, 2020	Nov. 01, 2019	Aug. 02, 2019	May 03, 2019	Feb. 01, 2019	Nov. 02, 2018	Aug. 03, 2018	May 04, 2018	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Segment Reporting Information [Line Items]
Net revenue	$ 549,478	$ 340,023	$ 298,267	$ 262,433	$ 502,252	$ 341,570	$ 307,945	$ 299,825	$ 1,450,201	$ 1,451,592	$ 1,406,677
Percentage of revenue	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
North America
Segment Reporting Information [Line Items]
Net revenue									$ 1,247,288	$ 1,245,157	$ 1,204,199
Percentage of revenue									86.00%	85.80%	85.60%
Europe
Segment Reporting Information [Line Items]
Net revenue									$ 137,134	$ 138,761	$ 134,543
Percentage of revenue									9.50%	9.60%	9.60%
Asia
Segment Reporting Information [Line Items]
Net revenue									$ 48,470	$ 50,203	$ 48,704
Percentage of revenue									3.30%	3.50%	3.50%
Other Foreign
Segment Reporting Information [Line Items]
Net revenue									$ 17,309	$ 17,471	$ 19,231
Percentage of revenue									1.20%	1.10%	1.30%

Segment Reporting - Summary of Property and Equipment Net by Geographical Location (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Segment Reporting Information [Line Items]
Property and equipment, net	$ 157,665	$ 149,894	$ 136,502
North America
Segment Reporting Information [Line Items]
Property and equipment, net	148,340	140,663	126,015
Europe
Segment Reporting Information [Line Items]
Property and equipment, net	8,716	8,773	9,862
Asia
Segment Reporting Information [Line Items]
Property and equipment, net	$ 609	$ 458	$ 625

Quarterly Financial Data (Unaudited) - Schedule of Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 30, 2020	Nov. 01, 2019	Aug. 02, 2019	May 03, 2019	Feb. 01, 2019	Nov. 02, 2018	Aug. 03, 2018	May 04, 2018	Jan. 31, 2020	Feb. 01, 2019	Feb. 02, 2018
Quarterly Financial Information Disclosure [Abstract]
Net revenue	$ 549,478	$ 340,023	$ 298,267	$ 262,433	$ 502,252	$ 341,570	$ 307,945	$ 299,825	$ 1,450,201	$ 1,451,592	$ 1,406,677
Gross profit	218,758	154,175	129,085	119,874	195,303	150,962	136,766	133,025	621,892	616,056	597,203
Operating (loss) income	39,827	10,907	(561)	(4,736)	30,712	8,485	875	2,527	45,437	42,599	29,085
Net (loss) income	$ 25,516	$ 3,606	$ (3,014)	$ (6,818)	$ 16,211	$ 3,294	$ (5,285)	$ (2,630)	$ 19,290	$ 11,590	$ 28,195
Basic earnings per common share	$ 0.79	$ 0.11	$ (0.09)	$ (0.21)	$ 0.50	$ 0.10	$ (0.16)	$ (0.08)	$ 0.60	$ 0.36	$ 0.88
Diluted earnings per common share	$ 0.78	$ 0.11	$ (0.09)	$ (0.21)	$ 0.50	$ 0.10	$ (0.16)	$ (0.08)	$ 0.60	$ 0.36	$ 0.88
Merchandise sales and services, net to net sales, percentage	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Gross margin to net sales, percentage	39.80%	45.30%	43.30%	45.70%	38.90%	44.20%	44.40%	44.40%
Operating income to net sales, percentage	7.20%	3.20%	(0.20%)	(1.80%)	6.10%	2.50%	0.30%	0.80%
Net (loss) income to sales, percentage	4.60%	1.10%	(1.00%)	(2.60%)	3.20%	1.00%	(1.70%)	(0.90%)

Subsequent Event - Additional Information (Details) - Subsequent Event - Novel Coronavirus - United States	1 Months Ended
	Mar. 23, 2020 Store
Subsequent Event [Line Items]
Number of stores closed	26
Retail \| Maximum
Subsequent Event [Line Items]
Percentage expected disruption in revenues	5.00%