0001564590-21-031392 | 10-Q | XBRL Viewer

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Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Apr. 30, 2021	May 25, 2021
Cover [Abstract]
Entity Registrant Name	Lands’ End, Inc.
Document Type	10-Q
Trading Symbol	LE
Current Fiscal Year End Date	--01-28
Entity Common Stock, Shares Outstanding		32,979,988
Amendment Flag	false
Entity Central Index Key	0000799288
Entity Filer Category	Accelerated Filer
Document Period End Date	Apr. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
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 Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, par value $0.01 per share

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Income Statement [Abstract]
Net revenue	$ 321,297	$ 217,008
Cost of sales (excluding depreciation and amortization)	173,560	122,853
Gross profit	147,737	94,155
Selling and administrative	125,522	105,796
Depreciation and amortization	9,904	8,786
Other operating expense, net	443	4,285
Operating income (loss)	11,868	(24,712)
Interest expense	9,060	5,311
Other income, net	(167)	(173)
Income (loss) before income taxes	2,975	(29,850)
Income tax expense (benefit)	336	(9,207)
NET INCOME (LOSS)	$ 2,639	$ (20,643)
NET INCOME (LOSS) PER COMMON SHARE
Basic:	$ 0.08	$ (0.64)
Diluted:	$ 0.08	$ (0.64)
Basic weighted average common shares outstanding	32,769	32,448
Diluted weighted average common shares outstanding	33,712	32,448

Condensed Consolidated Statements of Comprehensive Operations - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Statement Of Income And Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ 2,639	$ (20,643)
Other comprehensive income (loss), net of tax, foreign currency translation adjustments	311	(1,259)
COMPREHENSIVE INCOME (LOSS)	$ 2,950	$ (21,902)

- Definition

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

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+ Details

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 29, 2021	May 01, 2020
Current assets
Cash and cash equivalents	$ 36,181	$ 33,933	$ 59,134
Restricted cash	2,327	1,861	1,953
Accounts receivable, net	41,350	37,574	35,381
Inventories, net	394,287	382,106	383,163
Prepaid expenses and other current assets	36,527	40,356	46,221
Total current assets	510,672	495,830	525,852
Property and equipment, net	139,991	145,288	155,511
Operating lease right-of-use asset	34,258	35,475	38,621
Goodwill	106,700	106,700	106,700
Intangible asset, net	257,000	257,000	257,000
Other assets	4,056	5,215	4,651
TOTAL ASSETS	1,052,677	1,045,508	1,088,335
Current liabilities
Current borrowings on ABL Facility			75,000
Current portion of long-term debt	13,750	13,750	382,858
Accounts payable	105,597	134,007	101,445
Lease liability - current	4,962	5,183	5,867
Other current liabilities	145,206	161,982	82,904
Total current liabilities	269,515	314,922	648,074
Long-term borrowings on ABL Facility	80,000	25,000
Long-term debt, net	242,790	245,632
Lease liability - long-term	36,693	37,811	41,388
Deferred tax liabilities	47,441	47,346	65,446
Other liabilities	6,085	5,094	5,529
TOTAL LIABILITIES	682,524	675,805	760,437
Commitments and contingencies
STOCKHOLDERS’ EQUITY
Common stock, par value $0.01 authorized: 480,000 shares; issued and outstanding: 32,977, 32,596 and 32,614, respectively	330	326	326
Additional paid-in capital	366,868	369,372	362,072
Retained earnings (accumulated deficit)	13,865	11,226	(20,253)
Accumulated other comprehensive loss	(10,910)	(11,221)	(14,247)
TOTAL STOCKHOLDERS' EQUITY	370,153	369,703	327,898
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,052,677	$ 1,045,508	$ 1,088,335

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2021	Jan. 29, 2021	May 01, 2020
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	480,000,000	480,000,000	480,000,000
Common stock, shares issued	32,977,000	32,614,000	32,596,000
Common stock, shares outstanding	32,977,000	32,614,000	32,596,000

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 2,639	$ (20,643)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	9,904	8,786
Amortization of debt issuance costs	775	429
Loss on property and equipment	443	842
Stock-based compensation	2,513	1,828
Deferred income taxes	8	8,132
Goodwill impairment		3,300
Other	276	821
Change in operating assets and liabilities:
Accounts receivable	(3,915)	15,568
Inventories	(11,932)	(8,502)
Accounts payable	(28,545)	(54,084)
Other operating assets	4,820	(8,666)
Other operating liabilities	(15,688)	(28,009)
Net cash used in operating activities	(38,702)	(80,198)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(4,942)	(10,789)
Net cash used in investing activities	(4,942)	(10,789)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under ABL Facility	75,000	75,000
Payments of borrowings under ABL Facility	(20,000)
Principal payments on long-term debt, net	(3,438)	(1,288)
Payments of employee withholding taxes on share-based compensation	(5,013)	(410)
Payment of debt-issuance costs	(35)
Net cash provided by financing activities	46,514	73,302
Effects of exchange rate changes on cash, cash equivalents and restricted cash	(156)	(525)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	2,714	(18,210)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	35,794	79,297
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	38,508	61,087
SUPPLEMENTAL CASH FLOW DATA
Unpaid liability to acquire property and equipment	3,227	4,707
Income taxes paid, net of refunds	(5,152)	(1,210)
Interest paid	$ 7,911	4,667
Lease liabilities arising from obtaining Operating lease right-of-use assets		$ 3,074

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock Issued	Additional Paid-In Capital	Retained Earnings/ (Accumulated Deficit)	Accumulated Other Comprehensive Loss
Balance at Jan. 31, 2020	$ 348,382	$ 324	$ 360,656	$ 390	$ (12,988)
Balance, shares at Jan. 31, 2020		32,382,000
NET INCOME (LOSS)	(20,643)			(20,643)
Cumulative translation adjustment, net of tax	(1,259)				(1,259)
Stock-based compensation expense	1,828		1,828
Vesting of restricted shares		$ 2	(2)
Vesting of restricted shares, shares		275,000
Restricted stock shares surrendered for taxes	(410)		(410)
Restricted stock shares surrendered for taxes, shares		(61,000)
Balance at May. 01, 2020	327,898	$ 326	362,072	(20,253)	(14,247)
Balance, shares at May. 01, 2020		32,596,000
Balance at Jan. 29, 2021	369,703	$ 326	369,372	11,226	(11,221)
Balance, shares at Jan. 29, 2021		32,614,000
NET INCOME (LOSS)	2,639			2,639
Cumulative translation adjustment, net of tax	311				311
Stock-based compensation expense	2,513		2,513
Vesting of restricted shares		$ 4	(4)
Vesting of restricted shares, shares		553,000
Restricted stock shares surrendered for taxes	(5,013)		(5,013)
Restricted stock shares surrendered for taxes, shares		(190,000)
Balance at Apr. 30, 2021	$ 370,153	$ 330	$ 366,868	$ 13,865	$ (10,910)
Balance, shares at Apr. 30, 2021		32,977,000

- Definition

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

+ References

+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

Background and Basis of Presentation

3 Months Ended

Apr. 30, 2021

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 its own Company Operated stores, as well as, third-party retail locations. Lands’ End is a classic American lifestyle brand with a passion for quality, legendary service and real value and seeks to deliver timeless style for women, men, kids and home.

Terms that are commonly used in the Company's Notes to Condensed Consolidated Financial Statements are defined as follows:

•

ABL Facility - Asset-based senior secured credit agreements, providing for a revolving facility, dated as of November 16, 2017, with Wells Fargo Bank, N.A. and certain other lenders, as amended to date

•

Adjusted EBITDA - Net income (loss) appearing on the Condensed Consolidated Statements of Operations net of Income tax expense/(benefit), Interest expense, Depreciation and amortization and certain significant items

•

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

•

CARES Act – The Coronavirus Aid, Relief and Economic Security Act signed into law on March 27, 2020

•

Company Operated stores – Lands’ End retail stores in the Retail channel

•

Current Term Loan Facility – Term loan credit agreement, dated as of September 9, 2020, among the Company, Fortress Credit Corp., as Administrative Agent and Collateral Agent, and the lenders party thereto

•

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

•

Deferred Awards - Time vesting stock awards

•

EPS - Earnings per share

•

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

•

FASB - Financial Accounting Standards Board

•

First Quarter 2021 – The 13 weeks ended April 30, 2021

•

First Quarter 2020 - The 13 weeks ended May 1, 2020

•

Fiscal 2019 - The 52 weeks ended January 31, 2020

•

Fiscal 2020 - The 52 weeks ended January 29, 2021

•

Former Term Loan Facility - Term loan credit agreements, dated as of April 4, 2014, with Bank of America, N.A. and certain other lenders, and replaced by the Current Term Loan Facility on September 9, 2020

•

GAAP - Accounting principles generally accepted in the United States

•

LIBOR - London inter-bank offered rate

•

Option Awards - Stock option awards

•

Performance Awards - Performance-based stock awards

•

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

•

SEC – United States Securities and Exchange Commission

•

Second Quarter 2020 – The 13 weeks ended July 31, 2020

•

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

•

Third Quarter 2020 – The 13 weeks ended October 30, 2020

•

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

•

Year-to-Date 2021 - The 13 weeks ended April 30, 2021

•

Year-to-Date 2020 - The 13 weeks ended May 1, 2020

Basis of Presentation

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

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all material adjustments which 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. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with information included in the Lands' End Annual Report on Form 10-K filed with the SEC on March 25, 2021.

Impact of the COVID-19 Pandemic

COVID-19 surfaced in late 2019 and in March 2020, the World Health Organization declared COVID-19 a pandemic. During First Quarter 2020 the COVID-19 pandemic had a disruptive impact on the Company’s business operations and an unfavorable impact on the Company’s results of operations.

Health and Safety of Employees and Consumers

From the beginning of the COVID-19 pandemic, the Company’s priority has been the safety of employees and customers. On March 16, 2020, the Company temporarily closed its U.S. stores. These stores remained closed at the end of First Quarter 2020 with a phased reopening in Second Quarter 2020. Additionally, the Company has implemented extra precautions in its offices and distribution centers. These precautions were developed in line with guidance from global, federal and state health authorities, including COVID-19 retail guidelines, work-from-home policies, social distancing, thermal scanning and partitions in all facilities.

Supply Chain

The COVID-19 pandemic continues to cause supply chain disruptions across all industries, and the Company continually monitors its supply chain for manufacturing and transportation delays caused or exacerbated by the pandemic. The Company continues to place a priority on business continuity and contingency planning. The Company may experience disruptions in the supply chain as the COVID-19 pandemic continues, though the Company cannot reasonably estimate the potential impact or timing of those events, and the Company may not be able to mitigate such impact.

Expense Reduction

Beginning in First Quarter 2020, the Company took the following actions to reduce overall expenses as a response to decreased customer demand due to the COVID-19 pandemic:

•

Temporarily reduced base salaries, including a reduction of 50% in the base salary of its Chief Executive Officer, 20% reductions in the base salaries of the Company’s other senior management members and scaled salary reductions throughout the Company. All salaries were reinstated during the Third Quarter 2020.

•

Furloughed approximately 70% of corporate employees beginning on March 28, 2020. Some personnel returned to work on April 13, 2020 and as work demand increased, the remaining workforce returned to work on an as needed basis with all work furloughs ending by mid-Second Quarter 2020. When the Company Operated stores temporarily closed, nearly 100% of the Company Operated store employees were furloughed until reopening.

•

Fiscal 2020 merit increases were eliminated.

•

The Board of Directors compensation was temporarily reduced.

•

The Company's 401(k) matching contribution was suspended temporarily.

•

Other discretionary operating expenses were significantly reduced.

In response to the COVID-19 pandemic, the Company’s planned capital expenditures for Fiscal 2020 were significantly reduced.

Goodwill and Indefinite-Lived Intangible Asset

The Company considered the COVID-19 pandemic to be a triggering event in First Quarter 2020 for the Company’s Outfitters and Japan eCommerce reporting units and therefore completed an interim test for impairment of goodwill for these reporting units as of May 1, 2020. The testing resulted in no impairment of the Company’s Outfitters reporting unit and full impairment of the $3.3 million of goodwill allocated to the Company’s Japan eCommerce reporting unit. There was not a triggering event or impairment charge in First Quarter 2021.

Recent Accounting Pronouncements

3 Months Ended

Apr. 30, 2021

Accounting Changes And Error Corrections [Abstract]

Recent Accounting Pronouncements

NOTE 2. RECENT ACCOUNTING PRONOUNCEMENTS

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): “Simplifying the Accounting for Income Taxes”, which is intended to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and by clarifying and amending existing guidance to improve consistent application. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Certain amendments within this ASU are required to be applied on a retrospective basis, certain other amendments are required to be applied on a modified retrospective basis and all other amendments on a prospective basis. The Company adopted this standard in First Quarter 2021 and the adoption did not have a material impact on the Company’s Condensed Consolidated Financial Statements and related disclosures.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Earnings (Loss) Per Share

3 Months Ended

Apr. 30, 2021

Earnings Per Share Basic And Diluted [Abstract]

Earnings (Loss) Per Share

NOTE 3. EARNINGS (LOSS) PER SHARE

The numerator for both basic and diluted EPS is net income (loss). 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 U.S. GAAP. Potentially dilutive securities for the diluted EPS calculations consist of non-vested equity shares of common stock and in-the-money outstanding options where the current stock price exceeds the option strike price.

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

	13 Weeks Ended
(in thousands, except per share amounts)	April 30, 2021		May 1, 2020
Net income (loss)	$	2,639	$	(20,643	)

Basic weighted average common shares outstanding		32,769		32,448
Dilutive effect of stock awards		943		—
Diluted weighted average common shares outstanding		33,712		32,448

Basic earnings (loss) per share	$	0.08	$	(0.64	)
Diluted earnings (loss) per share	$	0.08	$	(0.64	)

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 115,345 and 1,205,821 anti-dilutive shares excluded from the diluted weighted average shares outstanding for First Quarter 2021 and First Quarter 2020, respectively.

Other Comprehensive Loss

3 Months Ended

Apr. 30, 2021

Equity [Abstract]

Other Comprehensive Loss

NOTE 4. OTHER COMPREHENSIVE LOSS

Other comprehensive loss encompasses all changes in equity other than those arising from transactions with stockholders and is comprised solely of foreign currency translation adjustments.

	13 Weeks Ended
(in thousands)	April 30, 2021			May 1, 2020
Beginning balance: Accumulated other comprehensive loss (net of tax of $2,987 and $3,453, respectively)	$	(11,221	)	$	(12,988	)
Other comprehensive loss:
Foreign currency translation adjustments (net of tax of $87 and tax benefit of $337, respectively)		311			(1,259	)
Ending balance: Accumulated other comprehensive loss (net of tax of $2,900 and $3,790, respectively)	$	(10,910	)	$	(14,247	)

No amounts were reclassified out of Accumulated other comprehensive loss during any of the periods presented.

Debt

3 Months Ended

Apr. 30, 2021

Debt Disclosure [Abstract]

Debt

NOTE 5. DEBT

ABL Facility

During Fiscal 2020, the Company exercised the “accordion” feature under the ABL Facility increasing the maximum borrowings available under the facility from $175 million to $275 million, subject to a borrowing base (the “Loan Cap”). This was completed in two separate transactions. The first was a $25 million increase effective March 19, 2020 and the second was a $75 million increase effective September 9, 2020. The latter was completed through the Second Amendment to the ABL Facility executed on August 12, 2020.

The ABL Facility includes a $70 million sublimit for letters of credit and is available for working capital and other general corporate liquidity needs. The balance outstanding on April 30, 2021 and May 1, 2020 was $80 million and $75 million, respectively. The balance of outstanding letters of credit was $16.9 million and $8.7 million on April 30, 2021 and May 1, 2020, respectively.

Long-Term Debt

On September 9, 2020, the Company entered into the Current Term Loan Facility which provides a term loan facility of $275 million, the proceeds of which were used, along with borrowings of $125 million under the ABL Facility, to repay all of the indebtedness under the Former Term Loan Facility and to pay fees and expenses in connection with the financing. Origination costs, including an Original Issue Discount (“OID”) of 3% and $5.0 million in debt origination fees, were paid upon entering into the Current Term Loan Facility. The OID and the debt origination fees are presented as a direct deduction from the carrying value of the Current Term Loan Facility and are amortized over the term of the loan to Interest expense in the Condensed Consolidated Statements of Operations.

The Company's long-term debt consisted of the following:

	April 30, 2021					May 1, 2020					January 29, 2021
(in thousands)	Amount		Interest Rate			Amount		Interest Rate			Amount		Interest Rate
Former Term Loan Facility	$	—		—	%	$	384,100		4.25	%	$	—		—	%
Current Term Loan Facility, maturing September 9, 2025		268,125		10.75	%		—		—	%		271,563		10.75	%
		268,125					384,100					271,563
Less: Current portion of long-term debt		13,750					382,858					13,750
Less: Unamortized debt issuance costs		11,585					1,242					12,181
Long-term debt, net	$	242,790				$	—				$	245,632

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

	April 30, 2021			May 1, 2020			January 29, 2021
(in thousands)	Amount		Interest Rate	Amount		Interest Rate	Amount		Interest Rate
ABL Facility maximum borrowing	$	275,000		$	200,000		$	275,000
Less: Outstanding borrowings		80,000	2.75%		75,000	2.07%		25,000	3.00%
Less: Outstanding letters of credit		16,920			8,656			27,131
Borrowing availability under ABL Facility	$	178,080		$	116,344		$	222,869

Interest; Fees

The borrowing margin under the ABL Facility is subject to adjustment based on the average daily total loans outstanding under the ABL Facility for the preceding fiscal quarter. For LIBOR loans, the interest rate is LIBOR (subject to an interest rate floor of 0.75%) plus a borrowing margin which is, where the average daily total loans outstanding for the previous quarter are (i) less than $50.0 million, 1.75%, (ii) equal to or greater than $50.0 million but less than $100.0 million, 2.00%, (iii) equal to or greater than $100.0 million but less than $200.0 million, 2.25%, and (iv) greater than $200.0 million, 3.50%. For Base Rate loans, the borrowing margin is, where the average daily total loans outstanding for the previous quarter are (i) less than $50.0 million for the previous quarter, 1.00%, (ii) equal to or greater than $50.0 million but less than $100.0 million, 1.25%, (iii) equal to or greater than $100.0 million but less than $200.0 million, 1.50%, and (iv) greater than $200.0 million, 2.75%.

The interest rates per annum applicable to the loans under the Current Term Loan Facility are based on a fluctuating rate of interest measured by reference to, at the borrowers’ election, either (1) an adjusted LIBOR rate (with a minimum rate of 1%) plus 9.75%, or (2) an alternative base rate (which is the greater of (i) the prime rate published in the Wall Street Journal, (ii) the federal funds rate, which shall be no lower than 0% plus ½ of 1%, and (iii) the one month LIBOR rate plus 1% per annum) plus 8.75%.

The ABL Facility fees also include (i) commitment fees which range from 0.25% to 0.375% based upon the average daily unused commitment (aggregate commitment less loans and letter of credit outstanding) under the ABL Facility for the preceding fiscal quarter and (ii) customary letter of credit fees. As of the end of First Quarter 2021 the Company had borrowings of $80.0 million on the ABL Facility.

Customary agency fees are payable in respect of the Debt Facilities.

Maturity; Amortization and Prepayments

The ABL Facility matures on November 16, 2022, subject to customary extension provisions provided for therein.

The Current Term Loan Facility matures on September 9, 2025 and amortizes at a rate equal to 1.25% per quarter. It is subject to mandatory prepayments in an amount equal to a percentage of the borrower’s excess cash flows in each fiscal year, ranging from 0% to 75% depending on the Company’s total leverage ratio, and with the proceeds of certain asset sales, casualty events and extraordinary receipts. The loan may not be voluntarily prepaid during the first two years of its term, without significant penalties. A prepayment premium is applicable to voluntary prepayments and certain mandatory prepayments made prior to the fourth anniversary of the closing date of the Current Term Loan Facility.

Guarantees; Security

All 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 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 Current Term Loan Facility is secured by a second priority security interest in the same collateral with certain exceptions.

The Current Term Loan Facility is secured by a first priority security interest in certain property and assets of the borrowers and guarantors, including certain fixed assets such as real estate, stock of the subsidiaries and intellectual property, in each case, subject to certain exceptions. The ABL Facility is secured by a second priority interest in the same collateral, with certain exceptions.

Representations and Warranties; Covenants

Subject to specified exceptions, the Debt Facilities contain various representations and warranties, and restrictive covenants that, among other things and subject to specified exceptions, restrict Lands’ End, Inc.’s and its subsidiaries’ ability 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.

The Current Term Loan Facility is subject to certain financial covenants, including a quarterly maximum total leverage ratio test, a weekly minimum liquidity test and an annual maximum capital expenditure amount.

If excess availability under the ABL Facility falls below the greater of 10% of the Loan Cap amount or $15.0 million, the Company will be required to comply with a minimum fixed charge coverage ratio of 1.0 to 1.0. The ABL Facility also has a cash maintenance provision which applies a limit of $75 million on the amount of cash and cash equivalents (subject to certain exceptions) that the Company may hold when outstanding loans under the ABL Facility are equal to or exceed $125 million.

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.

As of April 30, 2021, the Company was in compliance with all of its covenants in the Debt Facilities.

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.

Stock-Based Compensation

3 Months Ended

Apr. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

NOTE 6. 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 fair 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, each of which are granted under the Company’s stockholder approved stock plans, other than March 6, 2017 grants to the Company’s Chief Executive Officer which were made as inducement grants outside of the Company’s stockholder approved stock plans in accordance with NASDAQ Listing Rule 5635(c)(4):

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 award 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 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 with 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 upon determination of achievement of the performance measures by the Compensation Committee of the Board of Directors, and unearned Target Shares are forfeited. The fair value of the Performance Awards 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. The 2018 Performance Awards vested on March 25, 2021 at 111%. The compensation expense associated with the 2021 and 2019 Performance Awards are accrued at 100% and 115% of Target Shares, respectively.

iii.

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. The fair value of each Option Award is estimated on the grant date using the Black-Scholes option pricing model.

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

	13 Weeks Ended
(in thousands)	April 30, 2021		May 1, 2020
Deferred awards	$	1,361	$	1,641
Performance awards		1,049		—
Option awards		103		187
Total stock-based compensation expense	$	2,513	$	1,828

The following table provides a summary of the Deferred Awards activity for Year-to-Date 2021:

	Deferred Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested as of January 29, 2021		1,093		$	10.86
Granted		245			29.93
Vested		(388	)		13.67
Forfeited or expired		(5	)		10.09
Unvested as of April 30, 2021		945			14.65

Total unrecognized stock-based compensation expense related to unvested Deferred Awards was approximately $12.1 million as of April 30, 2021, which is expected to be recognized ratably over a weighted average period of 2.4 years. Deferred Awards granted to employees during Fiscal 2021 vest ratably over a period of three years.

The following table provides a summary of the Performance Awards activity for Year-to-Date 2021:

	Performance Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested as of January 29, 2021		393		$	18.32
Granted ⁽¹⁾		166			29.95
Vested		(165	)		21.90
Forfeited or expired		—			—
Unvested as of April 30, 2021		394			21.72

⁽¹⁾	Performance shares granted assume achievement performance at 100% of target.

Total unrecognized stock-based compensation expense related to unvested Performance Awards was approximately $6.1 million as of April 30, 2021, which is expected to be recognized ratably over a weighted average period of 2.5 years. Performance Awards granted to employees during Fiscal 2021 and Fiscal 2019 vest, if earned, after completion of the applicable three-year performance period.

The following table provides a summary of the Options Award activity for Year-to-Date 2021:

	Option Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested as of January 29, 2021		85		$	8.73
Granted		—			—
Vested		(74	)		8.49
Forfeited or expired		—			—
Unvested as of April 30, 2021		11			10.20

As of April 30, 2021, there was no unrecognized stock-based compensation expense related to unvested Option Awards that fully vest on May 8, 2021. The Option Awards have a contractual term of ten years and vest ratably over the first four years. As of April 30, 2021, 330,880 shares related to Option Awards were exercisable. No options have been exercised as of April 30, 2021.

Fair Value Measurements of Financial Assets and Liabilities

3 Months Ended

Apr. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements of Financial Assets and Liabilities

NOTE 7. FAIR VALUE MEASUREMENTS OF FINANCIAL ASSETS AND LIABILITIES

Restricted cash is reflected on the Condensed Consolidated Balance Sheets at fair value. The fair value of restricted cash was $2.3 million, $2.0 million and $1.9 million as of April 30, 2021, May 1, 2020 and January 29, 2021, respectively based on Level 1 inputs. Restricted cash amounts are valued based upon statements received from financial institutions.

Carrying values and fair values of long-term debt, including current portion, in the Condensed Consolidated Balance Sheets are as follows:

April 30, 2021

May 1, 2020 *

January 29, 2021

(in thousands)

Carrying

Amount

Fair

Value

Carrying

Amount

Fair

Value

Carrying

Amount

Fair

Value

Long-term debt, including current portion

268,125

265,410

384,100

299,118

271,563

277,265

* At May 1, 2020 all debt is short-term.

Long-term debt, including current portion, was valued utilizing Level 3 valuation techniques based on a third-party analysis on April 30, 2021 and January 29, 2021. The fair value of the debt on May 1, 2020 was determined utilizing Level 2 techniques based on the closing inactive market bid price on May 1, 2020. There were no nonfinancial assets or nonfinancial liabilities recognized at fair value on a nonrecurring basis as of April 30, 2021, May 1, 2020, and January 29, 2021.

- 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

Income Taxes

3 Months Ended

Apr. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 8. INCOME TAXES

Provision for Income Taxes

At the end of each quarter, the Company estimates its effective income tax rate pursuant to ASC 740. The rate for the period consists of the tax rate expected to be applied for the full year to ordinary income adjusted for any discrete items recorded in the period.

The Company recorded a tax expense at an overall effective tax rate of 11.3% for the First Quarter 2021 and a tax benefit of 30.8% for First Quarter 2020. The First Quarter 2021 rate reflects a tax benefit as a result of stock-based compensation. The First Quarter 2020 rate reflects the estimated tax benefits as a result of the CARES Act.

In response to the COVID-19 pandemic, the CARES Act was signed into law on March 27, 2020. The CARES Act, among other things, includes provisions related to refundable payroll tax credits, deferment of employer side social security payments, net operating loss utilization and carryback periods, modifications to the net interest deduction limitations, increased limitations on qualified charitable contributions, and technical corrections to tax depreciation methods for qualified improvement property.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Commitments and Contingencies

3 Months Ended

Apr. 30, 2021

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 9. 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.

As disclosed in the Company’s Annual Report on Form 10-K for the year ended January 29, 2021, the Company is the defendant in three separate lawsuits, each of which allege adverse health events and personal property damage as a result of wearing uniforms manufactured by Lands’ End: (1) 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; (2) 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 (3) 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 Gilbert, Andrews, and Davis seek nationwide class certification on behalf of similarly situated Delta employees.

By order dated April 20, 2020, the Court consolidated the Gilbert and Andrews cases (the “Consolidated Wisconsin Action”) and stayed the Davis case.

Plaintiffs in the Consolidated Wisconsin Action and Davis each assert that the damages sustained by the members of the proposed class exceed $5,000,000. Plaintiffs in each case 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. Plaintiffs in the Consolidated Wisconsin Action seek class certification with respect to performance of the uniforms and warranty claims and maintain individual claims for personal injury by numerous named plaintiffs.

The Consolidated Wisconsin Action has several motions pending before the Court and continues to be in discovery. Lands' End is vigorously defending these lawsuits and believes they are without merit.

Related Party Transactions

3 Months Ended

Apr. 30, 2021

Related Party Transactions

NOTE 10. RELATED PARTY TRANSACTIONS

At the time of the Separation, ESL beneficially owned significant portions of both the Company's and Sears Holdings’ outstanding shares of common stock and 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 interest of Transform Holdco and therefore considers that entity to be a related party as well.

Sourcing

The Company contracted with a subsidiary of Sears Holdings, which became a subsidiary of Transform Holdco, to provide agreed upon buying agency services, on a non-exclusive basis, in foreign territories from where the Company purchases merchandise. These sourcing services, primarily based upon quantities purchased, included quality-control functions, regulatory compliance, product claims management and new vendor selection and setup assistance.

The Company’s contract for these services expired on June 30, 2020, therefore there was no expense from these sourcing services in First Quarter 2021 compared to $1.4 million in First Quarter 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 Condensed Consolidated Statements of Operations.

Segment Reporting

3 Months Ended

Apr. 30, 2021

Segment Reporting [Abstract]

Segment Reporting

NOTE 11. SEGMENT REPORTING

The Company’s operating segments consist of: U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party and Retail. The Company determined that each of the operating segments have 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.

Lands’ End identifies five separate distribution channels for revenue reporting purposes:

•

U.S. eCommerce offers products through the Company’s eCommerce website utilizing digital marketing and direct mail catalogs.

•

International offers products primarily to consumers located in Europe and Japan through eCommerce international websites and third-party affiliates.

•

Outfitters sells products to end consumers, located primarily in the U.S., through negotiated arrangements to make specific styles or customized products available to employees of businesses and school families through the Company’s eCommerce websites.

•

Third Party sells the same products as U.S. eCommerce but direct to consumers through third-party marketplace websites and through domestic wholesale customers.

•

Retail sells products through Company Operated stores.

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

	13 Weeks Ended
(in thousands)	April 30, 2021		May 1, 2020
Net revenue:
U.S. eCommerce	$	203,573	$	138,837
International		56,444		41,199
Outfitters		40,680		31,799
Third Party		11,804		1,505
Retail		8,796		3,668
Total net revenue	$	321,297	$	217,008

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue

3 Months Ended

Apr. 30, 2021

Revenue From Contract With Customer [Abstract]

Revenue

NOTE 12. REVENUE

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, Outfitters and Third Party 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 distribution channel and geographic location. Revenue by distribution channel is presented in Note 11, Segment Reporting. Revenue by geographic location was:

	13 Weeks Ended
(in thousands)	April 30, 2021		May 1, 2020
Net revenue:
United States	$	260,406	$	172,746
Europe		46,887		30,376
Asia		10,059		11,348
Other		3,945		2,538
Total net revenue	$	321,297	$	217,008

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 Condensed 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, which is reported in Other current liabilities in the Condensed Consolidated Balance Sheets, as well as amounts recognized through Net revenue for each period presented. The majority of deferred revenue as of April 30, 2021 is expected to be recognized in Net revenue in the fiscal quarter ending July 30, 2021, as products are delivered to customers.

	13 Weeks Ended
(in thousands)	April 30, 2021			May 1, 2020
Deferred revenue beginning of period	$	17,187		$	8,096
Deferred revenue recognized in period		(16,973	)		(8,096	)
Revenue deferred in period		25,160			15,896
Deferred revenue end of period	$	25,374		$	15,896

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 Condensed Consolidated Statements of Operations. Prior to their redemption, gift cards are recorded as a liability, included within Other current liabilities in the Condensed 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:

	13 Weeks Ended
(in thousands)	April 30, 2021			May 1, 2020
Balance as of beginning of period	$	26,798		$	22,592
Gift cards sold		11,047			8,831
Gift cards redeemed		(10,265	)		(8,127	)
Gift card breakage		(114	)		(94	)
Balance as of end of period	$	27,466		$	23,202

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 April 30, 2021, May 1, 2020 and January 29, 2021, $18.7 million, $16.7 million and $25.7 million, respectively, of refund liabilities, primarily associated with product returns, were reported in Other current liabilities in the Condensed Consolidated Balance Sheets. An asset for product returns is recorded in Prepaid expenses and other current assets in the Condensed Consolidated Balance Sheets.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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+ Details

Recent Accounting Pronouncements (Policies)

3 Months Ended

Apr. 30, 2021

Accounting Changes And Error Corrections [Abstract]

Recent Accounting Pronouncements

Earnings (Loss) Per Share (Tables)

3 Months Ended

Apr. 30, 2021

Earnings Per Share Basic And Diluted [Abstract]

Schedule of Components of Basic and Diluted EPS

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

	13 Weeks Ended
(in thousands, except per share amounts)	April 30, 2021		May 1, 2020
Net income (loss)	$	2,639	$	(20,643	)

Basic weighted average common shares outstanding		32,769		32,448
Dilutive effect of stock awards		943		—
Diluted weighted average common shares outstanding		33,712		32,448

Basic earnings (loss) per share	$	0.08	$	(0.64	)
Diluted earnings (loss) per share	$	0.08	$	(0.64	)

Other Comprehensive Loss (Tables)

3 Months Ended

Apr. 30, 2021

Equity [Abstract]

Schedule of Other Comprehensive Loss

Other comprehensive loss encompasses all changes in equity other than those arising from transactions with stockholders and is comprised solely of foreign currency translation adjustments.

	13 Weeks Ended
(in thousands)	April 30, 2021			May 1, 2020
Beginning balance: Accumulated other comprehensive loss (net of tax of $2,987 and $3,453, respectively)	$	(11,221	)	$	(12,988	)
Other comprehensive loss:
Foreign currency translation adjustments (net of tax of $87 and tax benefit of $337, respectively)		311			(1,259	)
Ending balance: Accumulated other comprehensive loss (net of tax of $2,900 and $3,790, respectively)	$	(10,910	)	$	(14,247	)

Debt (Tables)

3 Months Ended

Apr. 30, 2021

Debt Disclosure [Abstract]

Schedule of Company's Long Term Debt

The Company's long-term debt consisted of the following:

	April 30, 2021					May 1, 2020					January 29, 2021
(in thousands)	Amount		Interest Rate			Amount		Interest Rate			Amount		Interest Rate
Former Term Loan Facility	$	—		—	%	$	384,100		4.25	%	$	—		—	%
Current Term Loan Facility, maturing September 9, 2025		268,125		10.75	%		—		—	%		271,563		10.75	%
		268,125					384,100					271,563
Less: Current portion of long-term debt		13,750					382,858					13,750
Less: Unamortized debt issuance costs		11,585					1,242					12,181
Long-term debt, net	$	242,790				$	—				$	245,632

Summary of Company's Borrowing Availability Under ABL Facility

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

	April 30, 2021			May 1, 2020			January 29, 2021
(in thousands)	Amount		Interest Rate	Amount		Interest Rate	Amount		Interest Rate
ABL Facility maximum borrowing	$	275,000		$	200,000		$	275,000
Less: Outstanding borrowings		80,000	2.75%		75,000	2.07%		25,000	3.00%
Less: Outstanding letters of credit		16,920			8,656			27,131
Borrowing availability under ABL Facility	$	178,080		$	116,344		$	222,869

Stock-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock-Based Compensation Expense

	13 Weeks Ended
(in thousands)	April 30, 2021		May 1, 2020
Deferred awards	$	1,361	$	1,641
Performance awards		1,049		—
Option awards		103		187
Total stock-based compensation expense	$	2,513	$	1,828

Summary of Deferred Awards Activity

The following table provides a summary of the Deferred Awards activity for Year-to-Date 2021:

	Deferred Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested as of January 29, 2021		1,093		$	10.86
Granted		245			29.93
Vested		(388	)		13.67
Forfeited or expired		(5	)		10.09
Unvested as of April 30, 2021		945			14.65

Summary of Performance Awards Activity

The following table provides a summary of the Performance Awards activity for Year-to-Date 2021:

	Performance Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested as of January 29, 2021		393		$	18.32
Granted ⁽¹⁾		166			29.95
Vested		(165	)		21.90
Forfeited or expired		—			—
Unvested as of April 30, 2021		394			21.72

Summary of Options Award Activity

The following table provides a summary of the Options Award activity for Year-to-Date 2021:

	Option Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested as of January 29, 2021		85		$	8.73
Granted		—			—
Vested		(74	)		8.49
Forfeited or expired		—			—
Unvested as of April 30, 2021		11			10.20

Fair Value Measurements of Financial Assets and Liabilities (Tables)

3 Months Ended

Apr. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values of Long-term Debt, Including Current Portion

Carrying values and fair values of long-term debt, including current portion, in the Condensed Consolidated Balance Sheets are as follows:

April 30, 2021

May 1, 2020 *

January 29, 2021

(in thousands)

Carrying

Amount

Fair

Value

Carrying

Amount

Fair

Value

Carrying

Amount

Fair

Value

Long-term debt, including current portion

268,125

265,410

384,100

299,118

271,563

277,265

* At May 1, 2020 all debt is short-term.

Segment Reporting (Tables)

3 Months Ended

Apr. 30, 2021

Segment Reporting [Abstract]

Summary of Net Revenue by Distribution Channel

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

	13 Weeks Ended
(in thousands)	April 30, 2021		May 1, 2020
Net revenue:
U.S. eCommerce	$	203,573	$	138,837
International		56,444		41,199
Outfitters		40,680		31,799
Third Party		11,804		1,505
Retail		8,796		3,668
Total net revenue	$	321,297	$	217,008

Revenue (Tables)

3 Months Ended

Apr. 30, 2021

Revenue From Contract With Customer [Abstract]

Disaggregated of Revenue by Geographic Location

The Company's revenue is disaggregated by distribution channel and geographic location. Revenue by distribution channel is presented in Note 11, Segment Reporting. Revenue by geographic location was:

	13 Weeks Ended
(in thousands)	April 30, 2021		May 1, 2020
Net revenue:
United States	$	260,406	$	172,746
Europe		46,887		30,376
Asia		10,059		11,348
Other		3,945		2,538
Total net revenue	$	321,297	$	217,008

Summary of Deferred Revenue

The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer, which is reported in Other current liabilities in the Condensed Consolidated Balance Sheets, as well as amounts recognized through Net revenue for each period presented. The majority of deferred revenue as of April 30, 2021 is expected to be recognized in Net revenue in the fiscal quarter ending July 30, 2021, as products are delivered to customers.

	13 Weeks Ended
(in thousands)	April 30, 2021			May 1, 2020
Deferred revenue beginning of period	$	17,187		$	8,096
Deferred revenue recognized in period		(16,973	)		(8,096	)
Revenue deferred in period		25,160			15,896
Deferred revenue end of period	$	25,374		$	15,896

Reconciliation of Gift Card Contract Liability

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

	13 Weeks Ended
(in thousands)	April 30, 2021			May 1, 2020
Balance as of beginning of period	$	26,798		$	22,592
Gift cards sold		11,047			8,831
Gift cards redeemed		(10,265	)		(8,127	)
Gift card breakage		(114	)		(94	)
Balance as of end of period	$	27,466		$	23,202

Background and Basis of Presentation - Additional Information (Details) - USD ($)	1 Months Ended	3 Months Ended
	Apr. 13, 2020	Apr. 30, 2021	May 01, 2020	Oct. 30, 2020
Unusual Risk Or Uncertainty [Line Items]
Impairment of goodwill			$ 3,300,000
COVID-19
Unusual Risk Or Uncertainty [Line Items]
Impairment of goodwill		$ 0
COVID-19 \| Outfitters
Unusual Risk Or Uncertainty [Line Items]
Impairment outfitters reporting unit			0
COVID-19 \| Japan eCommerce
Unusual Risk Or Uncertainty [Line Items]
Impairment of goodwill			$ 3,300,000
Other Senior Management \| COVID-19
Unusual Risk Or Uncertainty [Line Items]
Temporarily base salary reduction percentage				20.00%
Chief Executive Officer \| COVID-19
Unusual Risk Or Uncertainty [Line Items]
Temporarily base salary reduction percentage				50.00%
President \| COVID-19
Unusual Risk Or Uncertainty [Line Items]
Temporarily base salary reduction percentage				50.00%
COVID-19
Unusual Risk Or Uncertainty [Line Items]
Approximately percentage of furlough of corporate employees	70.00%
Approximately percentage of furlough of retail employees	100.00%

Recent Accounting Pronouncements - Additional Information (Details) - ASU 2019-12	Apr. 30, 2021
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted	true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect	true

- Definition

Indicates (true false) whether accounting standards update was adopted.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Earnings (Loss) Per Share - Schedule of Components of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Earnings Per Share Basic And Diluted [Abstract]
NET INCOME (LOSS)	$ 2,639	$ (20,643)
Basic weighted average common shares outstanding	32,769	32,448
Dilutive effect of stock awards	943
Diluted weighted average common shares outstanding	33,712	32,448
Basic:	$ 0.08	$ (0.64)
Diluted:	$ 0.08	$ (0.64)

- Definition

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

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- 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.

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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

Earnings (Loss) Per Share - Additional Information (Details) - shares	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Earnings Per Share Basic And Diluted [Abstract]
Antidilutive shares excluded from diluted weighted average shares outstanding	115,345	1,205,821

Other Comprehensive Loss - Schedule of Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Equity [Abstract]
Beginning balance: Accumulated other comprehensive loss (net of tax of $2,987 and $3,453, respectively)	$ (11,221)	$ (12,988)
Other comprehensive loss:
Other comprehensive income (loss), net of tax, foreign currency translation adjustments	311	(1,259)
Ending balance: Accumulated other comprehensive loss (net of tax of $2,900 and $3,790, respectively)	$ (10,910)	$ (14,247)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Other Comprehensive Loss - Schedule of Other Comprehensive Loss (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020	Jan. 29, 2021	Jan. 31, 2020
Equity [Abstract]
Accumulated other comprehensive loss, tax	$ 2,900	$ 3,790	$ 2,987	$ 3,453
Foreign currency translations adjustment, tax expense (benefit)	$ 87	$ (337)

Other Comprehensive Loss - Additional Information (Details) - USD ($)	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Equity [Abstract]
Amounts reclassified from accumulated other comprehensive loss	$ 0	$ 0

Debt - Additional Information (Details)		3 Months Ended
Debt - Additional Information (Details)	Sep. 09, 2020 USD ($)	Apr. 30, 2021 USD ($)	Jan. 29, 2021 USD ($)	May 01, 2020 USD ($)	Mar. 19, 2020 USD ($)	Nov. 16, 2017 USD ($)
ABL Facility
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		$ 275,000,000	$ 275,000,000	$ 200,000,000		$ 175,000,000
Line of credit facility, increase in maximum borrowing capacity	$ 75,000,000				$ 25,000,000
Line of credit	125,000,000	80,000,000	25,000,000	75,000,000
Letter of credit outstanding amount		$ 16,920,000	27,131,000	$ 8,656,000
Line of credit facility, maturity date		Nov. 16, 2022
ABL Facility \| Letter of Credit
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		$ 70,000,000
ABL Facility \| Secured Debt
Line Of Credit Facility [Line Items]
Line of credit		$ 80,000,000.0
Line of credit facility, covenant terms, minimum percentage of loan cap amount		10.00%
Line of credit facility, covenant terms, minimum excess credit availability		$ 15,000,000.0
Line of credit facility, covenant terms, minimum fixed charge coverage ratio		1.0
Trigger amount of borrowings to use cash provision		$ 125,000,000
ABL Facility \| Secured Debt \| Minimum
Line Of Credit Facility [Line Items]
Line of credit facility, unused commitment fee percentage		0.25%
ABL Facility \| Secured Debt \| Maximum
Line Of Credit Facility [Line Items]
Line of credit facility, unused commitment fee percentage		0.375%
Cash provision for credit facility		$ 75,000,000
ABL Facility \| Secured Debt \| LIBOR
Line Of Credit Facility [Line Items]
Variable rate spread on outstanding loans less than $50 million		1.75%
Variable rate spread on outstanding loans equal to or greater than $50 million but less than $100 million		2.00%
Variable rate spread on outstanding loans equal to or greater than $100 million but less than $200 million		2.25%
Variable rate spread on outstanding loans greater than $200 million		3.50%
ABL Facility \| Secured Debt \| LIBOR \| Minimum
Line Of Credit Facility [Line Items]
Spread on variable rate		0.75%
ABL Facility \| Secured Debt \| Base Rate
Line Of Credit Facility [Line Items]
Variable rate spread on outstanding loans less than $50 million		1.00%
Variable rate spread on outstanding loans equal to or greater than $50 million but less than $100 million		1.25%
Variable rate spread on outstanding loans equal to or greater than $100 million but less than $200 million		1.50%
Variable rate spread on outstanding loans greater than $200 million		2.75%
Current Term Loan Facility
Line Of Credit Facility [Line Items]
Secured debt	275,000,000	$ 268,125,000	$ 271,563,000
Debt origination fees	$ 5,000.0
Percentage of original issue discount	3.00%
Current Term Loan Facility \| Fortress Credit Corp
Line Of Credit Facility [Line Items]
Line of credit facility, amortization rate	1.25%
Current Term Loan Facility \| Secured Debt \| Minimum
Line Of Credit Facility [Line Items]
Federal funds rate		0.00%
Current Term Loan Facility \| Secured Debt \| Minimum \| Fortress Credit Corp
Line Of Credit Facility [Line Items]
Mandatory prepayment terms, amount equal to borrowers' excess cash flows, percentage	0.00%
Current Term Loan Facility \| Secured Debt \| Maximum \| Fortress Credit Corp
Line Of Credit Facility [Line Items]
Mandatory prepayment terms, amount equal to borrowers' excess cash flows, percentage	75.00%
Current Term Loan Facility \| Secured Debt \| Adjusted LIBOR
Line Of Credit Facility [Line Items]
Spread on variable rate		9.75%
Minimum LIBOR rate		1.00%
Current Term Loan Facility \| Secured Debt \| Alternate Base Rate
Line Of Credit Facility [Line Items]
Spread on variable rate		8.75%
Current Term Loan Facility \| Secured Debt \| Federal Funds Rate
Line Of Credit Facility [Line Items]
Spread on variable rate		0.50%
Current Term Loan Facility \| Secured Debt \| One Month LIBOR
Line Of Credit Facility [Line Items]
Spread on variable rate		1.00%

Debt - Schedule of Company's Long Term Debt (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 29, 2021	Sep. 09, 2020	May 01, 2020
Line Of Credit Facility [Line Items]
Long-term debt	$ 268,125	$ 271,563		$ 384,100
Less: Current portion of long-term debt	13,750	13,750		382,858
Less: Unamortized debt issuance costs	11,585	12,181		1,242
Long-term debt, net	242,790	245,632
Former Term Loan Facility
Line Of Credit Facility [Line Items]
Secured debt				$ 384,100
Debt instrument, interest rate, stated percentage				4.25%
Current Term Loan Facility
Line Of Credit Facility [Line Items]
Secured debt	$ 268,125	$ 271,563	$ 275,000
Debt instrument, interest rate, stated percentage	10.75%	10.75%

Debt - Summary of Company's Borrowing Availability Under ABL Facility (Details) - ABL Facility - USD ($)	3 Months Ended		12 Months Ended
	Apr. 30, 2021	May 01, 2020	Jan. 29, 2021	Sep. 09, 2020	Nov. 16, 2017
Line Of Credit Facility [Line Items]
ABL Facility maximum borrowing	$ 275,000,000	$ 200,000,000	$ 275,000,000		$ 175,000,000
Less: Outstanding borrowings	80,000,000	75,000,000	25,000,000	$ 125,000,000
Less: Outstanding letters of credit	16,920,000	8,656,000	27,131,000
Borrowing availability under ABL Facility	$ 178,080,000	$ 116,344,000	$ 222,869,000
Interest Rate	2.75%	2.07%	3.00%

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Stock-Based Compensation - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 30, 2021	Jan. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Target shares earned	100.00%	115.00%
Performance Awards vested	Mar. 25, 2021
Performance Awards vested percentage	111.00%
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%
Deferred Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Compensation expense not yet recognized	$ 12,100,000
Compensation expense not yet recognized, recognition period	2 years 4 months 24 days
Performance Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Compensation expense not yet recognized	$ 6,100,000
Compensation expense not yet recognized, recognition period	2 years 6 months
Performance awards period considered	3 years
Option Awards
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
Compensation expense unvested option award fully vested date	May 08, 2021
Options awards exercisable	330,880
Options exercised	0

Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 2,513	$ 1,828
Deferred Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	1,361	1,641
Performance Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	1,049
Option Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 103	$ 187

Stock-Based Compensation - Summary of Deferred Awards Activity (Details) - Deferred Awards	3 Months Ended
	Apr. 30, 2021 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Unvested awards at beginning of year \| shares	1,093,000
Number of Shares, Granted \| shares	245,000
Number of Shares, Vested \| shares	(388,000)
Number of Shares, Forfeited \| shares	(5,000)
Number of Shares, Unvested awards at end of year \| shares	945,000
Weighted Average Grant Date Fair Value, Unvested awards at beginning of year \| $ / shares	$ 10.86
Weighted Average Grant Date Fair Value, Granted \| $ / shares	29.93
Weighted Average Grant Date Fair Value, Vested \| $ / shares	13.67
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	10.09
Weighted Average Grant Date Fair Value, Unvested awards at end of year \| $ / shares	$ 14.65

Stock-Based Compensation - Summary of Performance Awards Activity (Details) - Performance Awards	3 Months Ended
	Apr. 30, 2021 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Unvested awards at beginning of year \| shares	393,000
Number of Shares, Granted \| shares	166,000
Number of Shares, Vested \| shares	(165,000)
Number of Shares, Forfeited \| shares	0
Number of Shares, Unvested awards at end of year \| shares	394,000
Weighted Average Grant Date Fair Value, Unvested awards at beginning of year \| $ / shares	$ 18.32
Weighted Average Grant Date Fair Value, Granted \| $ / shares	29.95
Weighted Average Grant Date Fair Value, Vested \| $ / shares	21.90
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	0
Weighted Average Grant Date Fair Value, Unvested awards at end of year \| $ / shares	$ 21.72

Stock-Based Compensation - Summary of Performance Awards Activity (Parenthetical) (Details)	3 Months Ended
	Apr. 30, 2021
Performance Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance shares target percentage	100.00%

Stock-Based Compensation - Summary of Options Award Activity (Details) - Option Awards	3 Months Ended
	Apr. 30, 2021 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Unvested option awards at beginning of year \| shares	85,000
Number of Shares, Granted \| shares	0
Number of Shares, Vested \| shares	(74,000)
Number of Shares, Forfeited \| shares	0
Number of Shares, Unvested option awards at end of year \| shares	11,000
Weighted Average Grant Date Fair Value, Unvested option awards at beginning of year \| $ / shares	$ 8.73
Weighted Average Grant Date Fair Value, Granted \| $ / shares	0
Weighted Average Grant Date Fair Value, Vested \| $ / shares	8.49
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	0
Weighted Average Grant Date Fair Value, Unvested option awards at end of year \| $ / shares	$ 10.20

Fair Value Measurements of Financial Assets and Liabilities - Additional Information (Details) - USD ($)	Apr. 30, 2021	Jan. 29, 2021	May 01, 2020
Nonrecurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Nonfinancial assets fair value disclosure	$ 0	$ 0	$ 0
Nonfinancial liabilities fair value disclosure	0	0	0
Fair Value \| Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted cash fair value	$ 2,300,000	$ 1,900,000	$ 2,000,000.0

Fair Value Measurements of Financial Assets and Liabilities - Schedule of Carrying Values and Fair Values of Long-term Debt, Including Current Portion (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 29, 2021	May 01, 2020
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt			$ 384,100
Long-term debt, including current portion	$ 268,125	$ 271,563
Fair Value \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt			$ 299,118
Fair Value \| Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 265,410	$ 277,265

Income Taxes - Additional Information (Details)	3 Months Ended
Income Taxes - Additional Information (Details)	Apr. 30, 2021	May 01, 2020
Income Tax Disclosure [Abstract]
Effective income tax expense (benefit), percentage	11.30%	(30.80%)

Commitments and Contingencies - Additional Information (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2021 USD ($) Lawsuit	Mar. 04, 2020 Plaintiff	Dec. 31, 2019 Plaintiff
Loss Contingencies [Line Items]
Number of lawsuits \| Lawsuit	3
Number of plaintiffs \| Plaintiff		1,089	521
Minimum
Loss Contingencies [Line Items]
Damages sustained by proposed members \| $	$ 5,000,000

Related Party Transactions - Additional Information (Details) - Sears Holdings Corporation - Sourcing - USD ($)	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Related Party Transaction [Line Items]
Related party expenses	$ 0	$ 1,400,000
Contract services expiration date	Jun. 30, 2020

Segment Reporting - Additional Information (Details)	3 Months Ended
Segment Reporting - Additional Information (Details)	Apr. 30, 2021 Segment Channel
Segment Reporting [Abstract]
Number of reportable segments \| Segment	1
Number of distribution channels for revenue reporting purposes \| Channel	5

Segment Reporting - Summary of Net Revenue by Distribution Channel (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Segment Reporting Information [Line Items]
Net revenue	$ 321,297	$ 217,008
US eCommerce
Segment Reporting Information [Line Items]
Net revenue	203,573	138,837
International
Segment Reporting Information [Line Items]
Net revenue	56,444	41,199
Outfitters
Segment Reporting Information [Line Items]
Net revenue	40,680	31,799
Retail
Segment Reporting Information [Line Items]
Net revenue	8,796	3,668
Third Party
Segment Reporting Information [Line Items]
Net revenue	$ 11,804	$ 1,505

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue - Disaggregated of Revenue by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Disaggregation of Revenue [Line Items]
Net revenue	$ 321,297	$ 217,008
United States
Disaggregation of Revenue [Line Items]
Net revenue	260,406	172,746
Europe
Disaggregation of Revenue [Line Items]
Net revenue	46,887	30,376
Asia
Disaggregation of Revenue [Line Items]
Net revenue	10,059	11,348
Other Geographical Location
Disaggregation of Revenue [Line Items]
Net revenue	$ 3,945	$ 2,538

- Definition

+ References

+ Details

Revenue - Summary of Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Revenue From Contract With Customer [Abstract]
Deferred revenue beginning of period	$ 17,187	$ 8,096
Deferred revenue recognized in period	(16,973)	(8,096)
Revenue deferred in period	25,160	15,896
Deferred revenue end of period	$ 25,374	$ 15,896

Revenue - Reconciliation of Gift Card Contract Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	May 01, 2020
Revenue From Contract With Customer [Abstract]
Balance as of beginning of period	$ 26,798	$ 22,592
Gift cards sold	11,047	8,831
Gift cards redeemed	(10,265)	(8,127)
Gift card breakage	(114)	(94)
Balance as of end of period	$ 27,466	$ 23,202

Revenue - Additional Information (Details) - USD ($) $ in Millions	Apr. 30, 2021	Jan. 29, 2021	May 01, 2020
Other Current Liabilities
Deferred Revenue Arrangement [Line Items]
Refund liability	$ 18.7	$ 25.7	$ 16.7