0001564590-21-017306 | 10-K | XBRL Viewer

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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jan. 31, 2021	Mar. 26, 2021	Jul. 31, 2020
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jan. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Trading Symbol	URBN
Entity Registrant Name	URBAN OUTFITTERS, INC.
Entity Central Index Key	0000912615
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		98,215,127
Entity Public Float			$ 1,225,803,780
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Shares, par value $.0001 per share
Security Exchange Name	NASDAQ
Entity File Number	000-22754
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2003332
Entity Address, Address Line One	5000 South Broad Street
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19112-1495
City Area Code	215
Local Phone Number	454-5500
Document Annual Report	true
Document Transition Report	false
Documents Incorporated by Reference [Text Block]	Certain information required by Items 10, 11, 12, 13 and 14 is incorporated by reference into Part III hereof from portions of the Proxy Statement for the registrant’s 2021 Annual Meeting of Shareholders.

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Current assets:
Cash and cash equivalents	$ 395,635	$ 221,839
Marketable securities	174,695	211,453
Accounts receivable, net of allowance for doubtful accounts of $4,028 and $880, respectively	89,952	88,288
Inventory	389,618	409,534
Prepaid expenses and other current assets	173,432	122,282
Total current assets	1,223,332	1,053,396
Property and equipment, net	967,422	890,032
Operating lease right-of-use assets	1,114,762	1,170,531
Marketable securities	123,662	97,096
Deferred income taxes and other assets	117,167	104,578
Total Assets	3,546,345	3,315,633
Current liabilities:
Accounts payable	237,386	167,871
Current portion of operating lease liabilities	254,703	221,593
Accrued compensation and benefits	54,796	44,041
Accrued expenses and other current liabilities	359,247	205,265
Total current liabilities	906,132	638,770
Non-current portion of operating lease liabilities	1,074,009	1,137,495
Deferred rent and other liabilities	88,846	84,013
Total Liabilities	2,068,987	1,860,278
Commitments and contingencies (see Note 15)
Shareholders’ equity:
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued
Common shares; $.0001 par value, 200,000,000 shares authorized, 97,815,985 and 97,976,815 shares issued and outstanding, respectively	10	10
Additional paid-in-capital	19,360	9,477
Retained earnings	1,475,108	1,473,872
Accumulated other comprehensive loss	(17,120)	(28,004)
Total Shareholders’ Equity	1,477,358	1,455,355
Total Liabilities and Shareholders’ Equity	$ 3,546,345	$ 3,315,633

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Statement Of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 4,028	$ 880
Preferred shares, par value	$ 0.0001	$ 0.0001
Preferred shares, shares authorized	10,000,000	10,000,000
Preferred shares, shares issued	0	0
Common shares, par value	$ 0.0001	$ 0.0001
Common shares, shares authorized	200,000,000	200,000,000
Common shares, shares issued	97,815,985	97,976,815
Common shares, shares outstanding	97,815,985	97,976,815

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income Statement [Abstract]
Net sales	$ 3,449,749	$ 3,983,789	$ 3,950,623
Cost of sales (excluding store impairment)	2,572,347	2,729,352	2,600,367
Store impairment	15,496	14,611	3,544
Gross profit	861,906	1,239,826	1,346,712
Selling, general and administrative expenses	857,934	993,990	965,399
Goodwill impairment		13,911
Income from operations	3,972	231,925	381,313
Interest income	3,119	10,638	9,530
Interest expense	(3,405)	(1,202)	(1,751)
Other (expense) income	(173)	(1,641)	(3,539)
Income before income taxes	3,513	239,720	385,553
Income tax expense	2,277	71,624	87,550
Net income	$ 1,236	$ 168,096	$ 298,003
Net income per common share:
Basic	$ 0.01	$ 1.68	$ 2.75
Diluted	$ 0.01	$ 1.67	$ 2.72
Weighted-average common shares outstanding:
Basic	97,817,651	99,833,011	108,303,594
Diluted	98,522,776	100,588,677	109,706,007

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 1,236	$ 168,096	$ 298,003
Other comprehensive income (loss):
Foreign currency translation	11,378	(1,403)	(16,585)
Change in unrealized (losses) gains on marketable securities, net of tax	(494)	502	133
Total other comprehensive income (loss)	10,884	(901)	(16,452)
Comprehensive income	$ 12,120	$ 167,195	$ 281,551

- 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

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Shares	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss
Beginning Balance at Jan. 31, 2018	$ 1,300,903	$ 6,564	$ 11	$ 684	$ 1,310,859	$ 6,564	$ (10,651)
Beginning Balances (in shares) at Jan. 31, 2018			108,248,568
Comprehensive income	281,551				298,003		(16,452)
Share-based compensation	18,104			18,104
Share-based awards	13,618			13,618
Share-based awards (in shares)			1,147,896
Share repurchases	(131,642)			(32,406)	(99,236)
Share repurchases (in shares)			(3,754,181)
Ending Balance at Jan. 31, 2019	1,489,098		$ 11		1,516,190		(27,103)
Ending Balances (in shares) at Jan. 31, 2019			105,642,283
Comprehensive income	167,195				168,096		(901)
Share-based compensation	21,109			21,109
Share-based awards	974			974
Share-based awards (in shares)			588,158
Share repurchases	(223,021)		$ (1)	(12,606)	(210,414)
Share repurchases (in shares)			(8,253,626)
Ending Balance at Jan. 31, 2020	$ 1,455,355		$ 10	9,477	1,473,872		(28,004)
Ending Balances (in shares) at Jan. 31, 2020	97,976,815		97,976,815
Comprehensive income	$ 12,120				1,236		10,884
Share-based compensation	20,300			20,300
Share-based awards	495			495
Share-based awards (in shares)			482,508
Share repurchases	(10,912)			(10,912)
Share repurchases (in shares)			(643,338)
Ending Balance at Jan. 31, 2021	$ 1,477,358		$ 10	$ 19,360	$ 1,475,108		$ (17,120)
Ending Balances (in shares) at Jan. 31, 2021	97,815,985		97,815,985

- 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

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Cash flows from operating activities:
Net income	$ 1,236	$ 168,096	$ 298,003
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	103,771	112,256	117,986
Non-cash lease expense	197,088	190,652
(Benefit) provision for deferred income taxes	(14,270)	1,451	(11,414)
Share-based compensation expense	20,300	21,109	18,104
Goodwill impairment		13,911
Store impairment	15,496	14,611	3,544
Loss on disposition of property and equipment, net	779	1,643	3,492
Changes in assets and liabilities:
Receivables	(1,223)	(7,825)	(4,012)
Inventory	22,381	(39,101)	(21,696)
Prepaid expenses and other assets	(25,239)	(16,308)	8,605
Payables, accrued expenses and other liabilities	152,905	22,661	34,012
Operating lease liabilities	(187,410)	(209,263)
Net cash provided by operating activities	285,814	273,893	446,624
Cash flows from investing activities:
Cash paid for property and equipment	(159,242)	(217,433)	(114,924)
Cash paid for marketable securities	(338,918)	(397,220)	(396,646)
Sales and maturities of marketable securities	396,260	428,508	267,072
Net cash used in investing activities	(101,900)	(186,145)	(244,498)
Cash flows from financing activities:
Borrowing under debt	220,000
Repayments of debt	(220,000)
Proceeds from the exercise of share-based awards	495	974	13,618
Share repurchases related to share repurchase program	(7,036)	(217,421)	(121,397)
Share repurchases related to taxes for share-based awards	(3,876)	(5,600)	(10,245)
Net cash used in financing activities	(10,417)	(222,047)	(118,024)
Effect of exchange rate changes on cash and cash equivalents	299	(2,122)	(8,062)
Increase (decrease) in cash and cash equivalents	173,796	(136,421)	76,040
Cash and cash equivalents at beginning of period	221,839	358,260	282,220
Cash and cash equivalents at end of period	395,635	221,839	358,260
Cash paid during the year for:
Income taxes	25,572	74,429	102,211
Non-cash investing activities—Accrued capital expenditures	$ 36,926	$ 10,497	$ 7,193

Nature of Business

12 Months Ended

Jan. 31, 2021

Accounting Policies [Abstract]

Nature of Business

1. Nature of Business

Urban Outfitters, Inc. (the “Company” or “Urban Outfitters”), which was founded in 1970, was incorporated in the Commonwealth of Pennsylvania in 1976. The principal business activity of the Company is the operation of a general consumer product retail, wholesale and subscription business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. As of January 31, 2021 and 2020, the Company operated 644 and 634 stores, respectively. Stores located in the United States totaled 527 as of January 31, 2021 and 522 as of January 31, 2020. Operations in Europe and Canada included 83 stores and 34 stores as of January 31, 2021, respectively, and 78 stores and 34 stores as of January 31, 2020, respectively. In addition, the Company’s Wholesale segment sold and distributed apparel to department and specialty stores worldwide, digital businesses and to the Company’s Retail segment. The Company’s Subscription segment consists of the Nuuly brand, which is a monthly women’s apparel subscription rental service that launched on July 30, 2019.

Impact of the Coronavirus Pandemic

On March 11, 2020, the World Health Organization declared the novel strain of coronavirus (“COVID-19”) a global pandemic and recommended containment and mitigation measures worldwide, causing public health officials to recommend precautions to mitigate the spread of the virus, including warning against congregating in heavily populated areas, such as malls and shopping centers. On March 14, 2020, the Company announced that it temporarily closed all stores globally; however, the Company continued to fulfill digital orders from its stores where permitted by local authorities. The Company’s distribution and fulfillment centers remained open to support the digital business and the Wholesale segment operations but have done so with additional safety procedures and enhanced cleaning to protect the health of employees. The Company closed its offices and showrooms globally with the exception of location dependent employees. All other corporate and showroom employees are working remotely. The COVID-19 pandemic continues to materially impact the Company’s operations in the United States and globally, and related government and private sector responsive actions have and will continue to affect its business operations. Because it is impossible to predict the effect and ultimate impact of the COVID-19 pandemic, current financial information may not be necessarily indicative of future operating results and the Company’s plans as described below may change.

In response to the COVID-19 pandemic, the Company has taken many additional measures to protect its financial position and increase financial flexibility during this challenging time period. Those included:

•

Furloughing a substantial number of store, wholesale and home office associates through July 31, 2020, with some furloughs resulting in layoffs as of the same date,

•

Limiting all new hiring commensurate with the operational needs of the Company,

•

Temporarily suspending and since reinstating at a reduced value, all performance bonuses for fiscal 2021 and delaying merit increases for five months until September 2020,

•

Borrowing $220,000 under its Amended Credit Facility (as defined herein) to further protect its cash reserves, and subsequently repaying $100,000 on June 17, 2020 and $120,000 on September 16, 2020 (see Note 8, “Debt”),

•

Reducing fiscal 2021 capital budget by over $100,000 from approximately $260,000 to approximately $160,000 by delaying or cancelling projects,

•

Adjusting inventory levels by cancelling or delaying many orders, asking for price concessions on those remaining and maintaining tighter management of inventory overall as stores reopened,

•

Reducing all discretionary expenses, including creative and travel, among others,

•

Extending payment terms for both merchandise and non-merchandise vendor invoices by 30 days,

•

Reducing certain occupancy and occupancy related expenses,

•

Reducing investments in two Company growth initiatives: Nuuly and expansion into China,

•

Temporarily reducing senior leadership compensation through September 2020,

•

Temporarily suspending Board of Directors’ cash compensation, which has since been reinstated, and

•

Temporarily suspended share repurchases during fiscal 2021 (see Note 12, “Shareholders’ Equity”).

As a result of the COVID-19 pandemic, during fiscal 2021, the Company recorded certain additional reserves and non-cash charges. The Company assessed the value of its inventory in the Retail and Wholesale segments and recorded an increase in inventory obsolescence reserves during the first quarter of fiscal 2021, and as a result of disciplined inventory control and better than planned product performance, during the remainder of fiscal 2021, the Company decreased a portion of its inventory obsolescence reserves. During the first quarter of fiscal 2021, the Company recorded an increase in allowance for doubtful accounts for Wholesale segment customer accounts receivables as a result of the significant disruption and uncertainty in the wholesale macro environment, and during the remainder of fiscal 2021, the Company reduced the allowance for doubtful accounts due to the collection of certain outstanding accounts receivables. Finally, during fiscal 2021, the Company determined that certain long-lived assets at the Company’s retail locations were unable to recover their carrying value primarily due to the impact of the mandated store closures as a result of the

COVID-19 pandemic and lower store productivity once opened. These assets were written down to their fair value resulting in impairment charges of $15,496 across 42 retail locations.

As a result of the global COVID-19 pandemic, governments in the United States, United Kingdom (“U.K.”), Canada and various other jurisdictions implemented programs to encourage companies to retain and pay employees that are unable to work or are limited in the work that they can perform in light of closures or a significant decline in sales. The Company qualified for certain of these programs, which partially offset related expenses. The Company continued to pay all employees through at least April 1, 2020. On March 31, 2020, the Company announced it furloughed a substantial number of store, wholesale and home office employees beginning April 1, 2020. The furlough period continued through July 31, 2020, with some furloughs resulting in layoffs as of the same date. Furloughed employees continued to receive enrolled benefits during the furlough period. The Company recorded the cumulative benefit of the programs implemented by the United States and Canada in selling, general and administrative expenses during fiscal 2021. Benefits related to the programs implemented by the U.K. and other European countries were recorded as an offset to store occupancy expenses in cost of sales during fiscal 2021.

Beginning April 25, 2020, the Company started to reopen stores in select states and countries in accordance with local government guidelines. As of July 31, 2020, substantially all of the Company’s stores had reopened. However, during the fourth quarter of fiscal 2021 and into the first quarter of fiscal 2022, our store operations have been impacted by temporary store closures, primarily in Europe, and reduced customer traffic in reopened store locations globally due in part to local government guidelines that have imposed certain operating restrictions, including capacity limits. The Company cannot reasonably estimate the duration and severity of the COVID-19 pandemic, which has had and may continue to have a material impact on our business.

Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2021

Summary Of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Fiscal Year-End

The Company operates on a fiscal year ending January 31 of each year. All references to fiscal years of the Company refer to the fiscal years ended on January 31 in those years. For example, the Company’s fiscal 2021 ended on January 31, 2021.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of the Company and all of its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements, in conformity with accounting principles generally accepted in the United States (“GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, net sales and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents are defined as cash and short-term highly liquid investments with maturities of less than three months at the time of purchase. These short-term highly liquid investments are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. As of January 31, 2021 and 2020, cash and cash equivalents included cash on hand, cash in banks, money market accounts and marketable securities with maturities of less than three months at the time of purchase.

Marketable Securities

All of the Company’s marketable securities as of January 31, 2021 and January 31, 2020 are classified as available-for-sale and are carried at fair value, which approximates amortized cost. Interest on these securities, as well as the amortization of discounts and premiums, is included in “Interest income” in the Consolidated Statements of Income. The Company records unrealized gains and losses on these securities (other than mutual funds held in the rabbi trust for the Urban Outfitters, Inc. Non-qualified Deferred Compensation Plan (See Note 4, “Marketable Securities”)) as a component of “Other comprehensive income (loss)” in the Consolidated Statements of Comprehensive Income and in “Accumulated other comprehensive loss” within “Shareholders’ equity” in the Consolidated Balance Sheets until realized, except when the Company considers declines in value to be other than temporary. Other than temporary impairment losses related to credit losses are considered to be realized losses. Mutual funds held in the rabbi trust have been accounted for under the fair value option, which results in all unrealized gains and losses being recorded in “Interest income” in the Consolidated Statements of Income. When available-for-sale securities are sold, the cost of the securities is specifically identified and is used to determine the realized gain or loss. Securities classified as current assets have maturity dates of less than or equal to one year from the balance sheet date. Securities classified as non-current assets have maturity dates greater than one year from the balance sheet date.

Accounts Receivable

Accounts receivable primarily consists of amounts due from the Company’s wholesale customers as well as credit card receivables outstanding with third-party credit card vendors. During the first quarter of fiscal 2021, the Company recorded an increase in allowance for doubtful accounts for Wholesale segment customer accounts receivables as a result of the significant disruption and uncertainty in the wholesale macro environment due to the COVID-19 pandemic, and during the remainder of fiscal 2021, the Company reduced the allowance for doubtful accounts due to the collection of certain outstanding accounts receivables. The activity of the allowance for doubtful accounts for the years ended January 31, 2021, 2020 and 2019 was as follows:

	Balance at beginning of year		Additions		Deductions			Balance at end of year
Year ended January 31, 2021	$	880		9,534		(6,386	)	$	4,028
Year ended January 31, 2020	$	1,499		1,684		(2,303	)	$	880
Year ended January 31, 2019	$	1,326		3,919		(3,746	)	$	1,499

Inventory

Inventory, which consists primarily of general consumer merchandise held for sale, is valued at the lower of cost or net realizable value. Cost is determined on the first-in, first-out method and includes the cost of merchandise and import-related costs, including freight, import duties and taxes and agent commissions. A periodic review of inventory is performed in order to determine if inventory is properly stated at the lower of cost or net realizable value. Factors the Company considers in its review, such as future expected consumer demand and fashion trends, current aging, current and anticipated retail markdowns or wholesale discounts and class or type of inventory, are analyzed to determine estimated net realizable value. Criteria that the Company considers in its review of aging trends include average selling cycle and seasonality of merchandise, the historical rate at which merchandise has sold below cost during the prior 12 months and the value and nature of merchandise currently held in inventory and priced below original cost. A provision is recorded to reduce the cost of inventory to its estimated net realizable value, if appropriate. The Company assessed the value of its inventory in the Retail and Wholesale segments due to the impacts of the COVID-19 pandemic and recorded an increase in inventory obsolescence reserves during the first quarter of fiscal 2021, and as a result of disciplined inventory control and better than planned product performance, during the remainder of fiscal 2021, the Company decreased a portion of its inventory obsolescence reserves. The majority of inventory at January 31, 2021 and 2020 consisted of finished goods. Raw materials and work-in-process were not material to the overall inventory value.

Property and Equipment

Property and equipment are stated at cost and primarily consist of store leasehold improvements, furniture and fixtures, buildings and other operating equipment. Depreciation is computed using the straight-line method over the lesser of the lease term or useful life for leasehold improvements, five years for furniture and fixtures, 39 years for buildings and three to ten years for other operating equipment. Major renovations or improvements that extend the service lives of our assets are capitalized over the lesser of the extension period, life of the improvement, or the remaining term of the lease.

Rental Product

The cost of Subscription segment rental product is amortized to cost of sales based on the cost of each unit rented, which is estimated based on the number of times the unit is expected to be rented and the cost of the rental product. Lost, damaged and retired rental product is also charged to cost of sales. The Company makes assumptions as to the number of times each unit can be rented. If the actual number of times a unit can be rented were to vary significantly from our estimates, it could materially affect the amount of rental product amortization included in cost of sales. Amortization expense was $6,609 and $3,051 for fiscal 2021 and 2020, respectively.

Impairment of Long-lived Assets

The Company reviews the carrying values of its definite-lived, long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Events that result in an impairment review include plans to close a retail location, distribution or fulfillment center, a significant decrease in the operating results of a long-lived asset or significant adverse changes in the business climate. The Company’s retail locations are reviewed for impairment at the retail location level, which is the lowest level at which individual cash flows can be identified. Newly opened retail locations may take time to generate positive operating and cash flow results. Factors such as store type (e.g., mall versus free-standing), location (e.g., urban area versus college campus or suburb), current marketplace awareness of our brands, local customer demographic data and current fashion trends are all considered in determining the time frame required for a retail location to achieve positive financial results. When events indicate that an asset may be impaired and the estimated undiscounted cash flows are less than the carrying amount of the asset, the impaired asset is adjusted to its estimated fair value and an impairment loss is recorded. The estimated fair value of the asset or asset group is based on future cash flows

of the asset or asset group. For lease right-of-use assets, the Company determines the estimated fair value of the assets by comparing the discounted contractual rent payments to estimated market rent using an acceptable valuation methodology. During fiscal 2021, the Company recorded impairment charges for 42 retail locations, totaling $15,496, with a carrying value after impairment of $101,836 primarily related to the right-of-use assets. The impairment charges in fiscal 2021 were primarily due to the impact of the mandated store closures as a result of the COVID-19 pandemic and lower store productivity once opened. During fiscal 2020, the Company recorded impairment charges for eight retail locations, totaling $14,611, with a carrying value after impairment of $51,900 primarily related to the right-of-use assets. During fiscal 2019, the Company recorded impairment charges for four retail locations, totaling $3,544. During the Company’s assessment of current and future performance, it was determined that these retail locations would not be able to generate sufficient cash flow over the expected remaining lease term to recover the remaining carrying value of the respective retail location assets.

Leases

On February 1, 2019, the Company adopted the Financial Accounting Standards Board (“FASB”) accounting standards update that amended the existing accounting standards for lease accounting. This update requires lessees to recognize a right-of-use asset and lease liability for both operating and finance leases. The Company adopted the new guidance using a modified retrospective approach at the beginning of the period of adoption.

The Company has operating leases for stores, distribution and fulfillment centers, corporate offices and equipment. The Company subleases certain properties to third parties. The Company has elected not to record a lease liability and right-of-use asset for leases with original terms of 12 months or less. The Company has elected the practical expedient to not separate non-lease components from lease components as it pertains to real estate leases.

Store leases have remaining lease terms that range from less than one year up to 15 years, some of which contain options to extend the lease for one or two 5-year periods. Payments related to a renewal period are included in the lease liability and right-of-use asset only when the Company is reasonably certain that it will exercise the option to renew the lease for an extended period of time. Certain leases may contain variable lease payments such as rent based on a percentage of net sales. Variable lease payments may be subject to a breakpoint threshold of fixed rent. Variable lease payments, other than those that depend on an index or a rate, are not included in the measurement of the lease liability. The lease liability is calculated at the present value of certain future payments, discounted using the Company’s incremental borrowing rate, which approximates the rate of interest the Company would pay to borrow an amount equal to the lease payments on a fully collateralized basis over a similar term. Significant judgment is used in determining the incremental borrowing rate related to estimates for credit rating, credit spread and the impact of collateral. The Company developed incremental borrowing rates at a lease portfolio level. The right-of-use asset is initially equal to the value of the lease liability less any amounts received from the landlord as incentives or tenant improvement allowances.

During fiscal 2021, the Company received rent concessions for a number of our stores and continue to negotiate for additional rent concessions at various other store locations. To the extent the rent concessions do not result in a substantial increase in total payments in the existing lease, the Company has accounted for such rent concessions as negative variable rent. To the extent the rent concessions do result in a substantial increase in total payments in the existing lease, the Company has accounted for such rent concessions as a lease modification. Rent concessions recorded by the Company during fiscal 2021, as either negative variable rent or lease modifications have not had a material impact on the Company’s Financial Statements.

Revenue Recognition

Merchandise: Merchandise is sold through retail stores, catalogs and the digital sales channel, as well as to wholesale customers, franchise partners and subscription customers. Revenue is recognized when control of the promised goods is transferred to the customer. The Company has elected to treat shipping and handling as fulfillment activities and not a separate performance obligation. Accordingly, the Company will recognize merchandise revenue for the Retail segment for its single performance obligation at the point of sale or at the time of shipment, which is when transfer of control to the customer occurs. A Subscription segment customer may purchase merchandise in her possession that was included in the order that was delivered as part of the monthly subscription rental service. The Company recognize merchandise revenue for the Subscription segment for its single performance obligation when the customer purchases the merchandise through the website or mobile application. Revenue does not include taxes assessed by governmental authorities, including value-added and other sales-related taxes, that are imposed on and concurrent with revenue-producing activities. Revenue is recognized net of estimated customer returns. Retail segment return policies vary by brand, but generally provide for no time limit on returns and the refund to be issued in either the form of original payment or as a gift card. Payment for merchandise is tendered primarily by cash, check, credit card, debit card, gift card or alternative payment methods. Uncollectible accounts receivable primarily results from unauthorized credit card transactions. The Company maintains an allowance for doubtful accounts for its Wholesale segment accounts receivable, which management reviews on a regular basis and believes is sufficient to cover potential credit losses and billing adjustments. Payment terms in the Wholesale segment vary by customer with the most common being a net 30-day policy.

Menus & Venues: Revenue from restaurant sales and events is recognized upon completion of the service, when the Company satisfies its single performance obligation. Customer deposits may be received in advance for events and that represent a contract liability until the Company satisfies its performance obligation.

Subscription Fees: Revenue for the Subscription segment is generated through monthly subscription fees and the purchase of merchandise in a customer’s possession. The monthly subscription rental fee is recognized as revenue on the date the customer is billed. A customer may pause the monthly subscription, at which point the customer will not be billed for future months until the subscription is no longer on hold. Merchandise sales to Subscription segment customers are discussed above under Merchandise.

Gift Cards: The Company accounts for a gift card transaction by recording a liability at the time the gift card is issued to the customer in exchange for consideration from the customer. At the time of issuance, the Company has an open performance obligation for the future delivery of promised goods or services. The liability remains outstanding until the card is redeemed by the customer, at which time the Company recognizes revenue. Over time, a portion of the outstanding gift cards will not be redeemed by the customer which we refer to as “breakage”. Revenue is recognized from breakage over time in proportion to gift card redemptions. Judgment is used in determining the amount of breakage revenue to be recognized and is based on historical gift card redemption patterns. Gift card breakage revenue is included in net sales and is not material. The Company’s gift cards do not expire.

Sales Return Reserve

The Company records a reserve for estimated product returns where the sale has occurred during the period reported, but the return is likely to occur subsequent to the period reported. The reserve for estimated product returns is based on the Company’s most recent historical return trends. If the actual return rate is materially different than the Company’s estimate, sales returns would be adjusted in the future. The costs of returns are recorded as a current asset rather than net with the sales return reserve liability. As of January 31, 2021, 2020 and 2019, the sales return reserve was $82,004, $51,360 and $51,990, respectively.

Cost of Sales

Cost of sales includes the following: the cost of merchandise; merchandise markdowns; obsolescence and shrink provisions; store occupancy costs, including rent and depreciation; delivery expense; inbound and outbound freight; customs related taxes and duties; inventory acquisition and purchasing costs; design costs; warehousing and handling costs; the amortization of rental product; the net amortized cost of rental product at time of purchase by a customer; and other inventory and rental product acquisition related costs.

Selling, General and Administrative Expenses

Selling, general and administrative expenses includes expenses such as direct selling and selling supervisory expenses; marketing expenses; various corporate expenses such as information systems, finance, loss prevention, talent acquisition, home office and executive management expenses; share-based compensation expense; and other associated general expenses.

Shipping and Handling Revenues and Costs

The Company includes shipping and handling revenues in net sales and shipping and handling costs in cost of sales. The Company’s shipping and handling revenues consist of amounts billed to customers for shipping and handling merchandise. Shipping and handling costs include shipping supplies, related labor costs and third-party shipping costs.

Advertising

The Company expenses the costs of advertising when the advertising occurs, except for certain digital channel advertising, which is capitalized and expensed when the catalog is mailed or the content is published on the Company’s websites and mobile applications. Advertising costs primarily relate to Retail segment marketing expenses which are comprised of web marketing, catalog printing, paper, postage and other costs related to production of photographic images used in the Company’s catalogs, websites, mobile applications and social media campaigns. If there is no expected future benefit, the cost of advertising is expensed when incurred. Advertising costs reported as prepaid expenses were $408 and $1,381 as of January 31, 2021, and 2020, respectively, and are included in “Prepaid expenses and other current assets” in the Consolidated Balance Sheets. Advertising expenses were $184,465, $161,879 and $143,332 for fiscal 2021, 2020 and 2019, respectively. In addition, the Company incurred web creative expenses of $44,562, $45,849 and $41,334 for fiscal 2021, 2020 and 2019, respectively. Advertising expenses and web creative expenses are both included in “Selling, general and administrative expenses” in the Consolidated Statements of Income.

Store Opening Costs

The Company expenses all store opening and organization costs as incurred, including travel, training, recruiting, salaries and other operating costs, and all such costs are included in “Selling, general and administrative expenses” in the Consolidated Statements of Income.

Website Development Costs

The Company capitalizes applicable costs incurred during the application and infrastructure development stage and expenses costs incurred during the planning and operating stage. During fiscal 2021, 2020 and 2019, capitalized costs related to internally generated internal-use software were not material.

Income Taxes

The Company utilizes a balance sheet approach to provide for income taxes. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of net operating loss carryforwards and temporary differences between the carrying amounts and the tax bases of assets and liabilities. Investment tax credits or grants are accounted for in the period earned. The Company files a consolidated United States federal income tax return (see Note 10, “Income Taxes,” for a further discussion of income taxes). The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted net income per common share is computed by dividing net income by the weighted-average number of common shares and common share equivalents outstanding. Common share equivalents include the effect of stock options, stock appreciation rights (“SAR’s”), restricted stock units (“RSU’s”) and performance stock units (“PSU’s”).

Comprehensive Income and Accumulated Other Comprehensive Loss

Comprehensive income is comprised of two subsets—net income and other comprehensive income (loss). Amounts included in accumulated other comprehensive loss relate to foreign currency translation adjustments and unrealized gains or losses on marketable securities. The foreign currency translation adjustments are not adjusted for income taxes because these adjustments relate to non-U.S. subsidiaries for which foreign earnings have been designated as permanently reinvested. Accumulated other comprehensive loss consisted of foreign currency translation losses of $16,950 and $28,328 as of January 31, 2021 and January 31, 2020, respectively, and unrealized (losses) gains, net of tax, on marketable securities of ($170) and $324 as of January 31, 2021 and January 31, 2020, respectively. The tax effect of the unrealized (losses) gains on marketable securities recorded in comprehensive loss was ($236), $202 and $105 during fiscal 2021, 2020 and 2019, respectively. Gross realized gains and losses are included in “Interest income” in the Consolidated Statements of Income and were not material to the Company’s Consolidated Financial Statements for all three years presented.

Foreign Currency

The financial statements of the Company’s foreign operations are translated into U.S. dollars. Assets and liabilities are translated at current exchange rates as of the balance sheet date, equity accounts at historical exchange rates, while income statement accounts are translated at the average rates in effect during the year. Translation adjustments are not included in determining net income, but are included in “Accumulated other comprehensive loss” within “Shareholders’ equity.” Remeasurement gains and losses included in operating results for fiscal years 2021, 2020 and 2019 were not material.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, marketable securities and accounts receivable. The Company manages the credit risk associated with cash, cash equivalents and marketable securities by investing in high-quality securities held with reputable trustees and, by policy, limiting the amount of credit exposure to any one issuer or issue, as well as providing limitations on investment maturities. The Company’s investment policy requires that its cash, cash equivalents and marketable securities are invested in corporate and municipal bonds rated “BBB” or better, commercial paper and federally insured or guaranteed investment vehicles such as certificates of deposit, United States treasury bills and federal government agencies. Receivables from third-party credit cards are processed by financial institutions, which are monitored for financial stability. The Company regularly evaluates the financial condition of its Wholesale segment customers. The Company’s allowance for doubtful accounts reflects current market conditions and management’s assessment regarding the collectability of its accounts receivable. The Company maintains cash accounts that, at times, may exceed federally insured limits. The Company has not experienced any losses from maintaining cash accounts in excess of such limits. Management believes that it is not exposed to any significant risks related to its cash accounts.

Commitments and Contingencies

From time to time, the Company is named as a defendant in legal actions arising from normal business activities. The Company records a reserve for estimated losses when information available prior to issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated.

Reclassification

Prior period amounts for the non-operating income and expense lines have been reclassified to conform to the current year presentation in the Consolidated Statements of Income.

Recent Accounting Pronouncements

The Company has considered all new accounting standards updates issued by the FASB and has concluded that there are no recent accounting standard updates that will have a material impact on its consolidated financial statements and related disclosures.

Revenue from Contracts with Customers

12 Months Ended

Jan. 31, 2021

Revenue From Contract With Customer [Abstract]

Revenue from Contract with Customer

3. Revenue from Contracts with Customers

Contract receivables occur when the Company satisfies all of its performance obligations under a contract and recognizes revenue prior to billing or receiving consideration from a customer for which it has an unconditional right to payment. Contract receivables arise from credit card and other electronic payment transactions and sales to Wholesale segment customers and franchisees. For the year ended January 31, 2021, the opening and closing balance of contract receivables, net of allowance for doubtful accounts, was $88,288 and $89,952, respectively. For the year ended January 31, 2020, the opening and closing balance of contract receivables, net of allowance for doubtful accounts, was $80,461 and $88,288, respectively. Contract receivables are included in “Accounts receivable, net of allowance for doubtful accounts” in the Consolidated Balance Sheets. During the first quarter of fiscal 2021, the Company recorded an increase in allowance for doubtful accounts for Wholesale segment customer accounts receivables as a result of the significant disruption and uncertainty in the wholesale macro environment due to the COVID-19 pandemic, and during the remainder of fiscal 2021, the Company reduced the allowance for doubtful accounts due to the collection of certain outstanding accounts receivables.

Contract liabilities represent unearned revenue and result from the Company receiving consideration in a contract with a customer for which it has not satisfied all of its performance obligations. The Company’s contract liabilities result from customer deposits, customer loyalty programs and the issuance of gift cards. Gift cards are expected to be redeemed within two years of issuance, with the majority of redemptions occurring in the first year. For the year ended January 31, 2021, the opening and closing balance of contract liabilities was $52,926 and $61,986, respectively. For the year ended January 31, 2020, the opening and closing balance of contract liabilities was $49,747 and $52,926, respectively. Contract liabilities are included in “Accrued expenses and other current liabilities” in the Consolidated Balance Sheets. During the year ended January 31, 2021, the Company recognized $27,721 of revenue that was included in the contract liability balance at the beginning of the period. During the year ended January 31, 2020, the Company recognized $31,380 of revenue that was included in the contract liability balance at the beginning of the period.

See Note 17, “Segment Reporting,” for additional information including net sales recorded by reportable segment and net sales from contracts with customers by merchandise category.

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Marketable Securities

12 Months Ended

Jan. 31, 2021

Investments Debt And Equity Securities [Abstract]

Marketable Securities

4. Marketable Securities

During all periods shown, marketable securities are classified as available-for-sale. The amortized cost, gross unrealized gains (losses) and fair values of available-for-sale securities by major security type and class of security as of January 31, 2021 and 2020 are as follows:

	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Fair Value
As of January 31, 2021
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	127,097	$	11	$	(53	)	$	127,055
Corporate bonds		38,695		1		(48	)		38,648
Commercial paper		8,992		—		—			8,992
		174,784		12		(101	)		174,695
Long-term Investments:
Municipal and pre-refunded municipal bonds		53,134		17		(46	)		53,105
Corporate bonds		59,890		3		(129	)		59,764
Mutual funds, held in rabbi trust		10,827		20		(54	)		10,793
		123,851		40		(229	)		123,662
	$	298,635	$	52	$	(330	)	$	298,357

As of January 31, 2020
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	38,617	$	20	$	(11	)	$	38,626
Corporate bonds		166,790		318		(26	)		167,082
Commercial paper		1,997		—		—			1,997
Federal government agencies		1,152		3		—			1,155
Certificate of deposit		2,593		—		—			2,593
		211,149		341		(37	)		211,453
Long-term Investments:
Municipal and pre-refunded municipal bonds		30,340		35		(17	)		30,358
Corporate bonds		47,352		205		(40	)		47,517
Mutual funds, held in rabbi trust		8,448		36		(55	)		8,429
Federal government agencies		6,926		1		(2	)		6,925
Certificates of deposit		3,867		—		—			3,867
		96,933		277		(114	)		97,096
	$	308,082	$	618	$	(151	)	$	308,549

Proceeds from the sales and maturities of available-for-sale securities were $396,260, $428,508 and $267,072 in fiscal 2021, 2020 and 2019, respectively. The Company initially liquidated its marketable securities portfolio earlier in fiscal 2021 primarily to preserve financial flexibility and maintain liquidity in response to the COVID-19 pandemic, but reinvested in a marketable securities portfolio in the fourth quarter of fiscal 2021. The Company included in “Interest income,” in the Consolidated Statements of Income, a net realized loss of $419 during fiscal 2021, a net realized gain of $39 during fiscal 2020 and a net realized loss of $22 during 2019. Amortization of discounts and premiums, net, resulted in a reduction of “Interest income” of $1,574, $706 and $1,695 for fiscal 2021, 2020 and 2019, respectively. Mutual funds represent assets held in an irrevocable rabbi trust for the Company’s Non-qualified Deferred Compensation Plan (“NQDC”). These assets are a source of funds to match the funding obligations to participants in the NQDC but are subject to the Company’s general creditors. The Company elected the fair value option for financial assets for the mutual funds held in the rabbi trust resulting in all unrealized gains and losses being recorded in “Interest income” in the Consolidated Statements of Income.

The following tables show the gross unrealized losses and fair value of the Company’s marketable securities with unrealized losses that are not deemed to have credit losses, aggregated by the length of time that individual securities have been in a continuous unrealized loss position, at January 31, 2021 and 2020, respectively.

	January 31, 2021
	Less Than 12 Months					12 Months or Greater				Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Municipal and pre-refunded municipal bonds	$	90,308	$	(99	)	$	—	$	—	$	90,308	$	(99	)
Corporate bonds		91,432		(177	)		—		—		91,432		(177	)
Mutual funds, held in rabbi trust		10,793		(54	)		—		—		10,793		(54	)
Total	$	192,533	$	(330	)	$	—	$	—	$	192,533	$	(330	)

	January 31, 2020
	Less Than 12 Months					12 Months or Greater				Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Municipal and pre-refunded municipal bonds	$	24,975	$	(28	)	$	—	$	—	$	24,975	$	(28	)
Corporate bonds		60,067		(66	)		—		—		60,067		(66	)
Mutual funds, held in rabbi trust		5,395		(55	)		—		—		5,395		(55	)
Federal government agencies		3,009		(2	)		—		—		3,009		(2	)
Total	$	93,446	$	(151	)	$	—	$	—	$	93,446	$	(151	)

As of January 31, 2021 and 2020, there were a total of 184 and 83 securities with unrealized loss positions within the Company’s portfolio, respectively.

Fair Value

12 Months Ended

Jan. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value

5. Fair Value

The Company utilizes a hierarchy that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques (market approach, income approach and cost approach that relate to its financial assets and financial liabilities). The levels of the hierarchy are described as follows:

•

Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities.

•

Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

•

Level 3: Unobservable inputs that reflect the Company’s own assumptions.

Management’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of financial assets and liabilities and their placement within the fair value hierarchy. The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below:

	Marketable Securities Fair Value as of January 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	—	$	180,160	$	—	$	180,160
Corporate bonds		—		98,412		—		98,412
Mutual funds, held in rabbi trust		10,793		—		—		10,793
Commercial paper		—		8,992		—		8,992
	$	10,793	$	287,564	$	—	$	298,357

	Marketable Securities Fair Value as of January 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	—	$	68,984	$	—	$	68,984
Corporate bonds		214,599		—		—		214,599
Mutual funds, held in rabbi trust		8,429		—		—		8,429
Commercial paper		—		1,997		—		1,997
Federal government agencies		8,080		—		—		8,080
Certificates of deposit		—		6,460		—		6,460
	$	231,108	$	77,441	$	—	$	308,549

Financial assets

Level 1 assets consist of financial instruments whose value has been based on inputs that use, as their basis, readily observable market data that are actively quoted and are validated through external sources, including third-party pricing services and brokers.

Level 2 assets consist of financial instruments whose value has been based on quoted prices for similar assets and liabilities in active markets as well as quoted prices for identical or similar assets or liabilities in markets that are not active.

Level 3 assets consist of financial instruments where there has been no active market. The Company held no Level 3 financial instruments as of January 31, 2021 and January 31, 2020.

The fair value of cash and cash equivalents (Level 1) approximates carrying value since cash and cash equivalents consist of short-term highly liquid investments with maturities of less than three months at the time of purchase. As of January 31, 2021 and 2020, cash and cash equivalents included cash on hand, cash in banks, money market accounts and marketable securities with maturities of less than three months at the time of purchase. The fair value of debt approximates its carrying value as it is all variable rate debt.

Non-financial assets

The Company’s non-financial assets, primarily consisting of property and equipment, right-of-use assets and goodwill, are tested for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable and, in the case of goodwill, an annual assessment is performed.

The fair value of property and equipment was determined using a discounted cash-flow model that utilized Level 3 inputs. The Company’s retail locations are reviewed for impairment at the retail location level, which is the lowest level at which individual cash flows can be identified. In calculating future cash flows, the Company makes estimates regarding future operating results based on its experience and knowledge of market factors in which the retail location is located. Right-of-use assets are tested for impairment in the same manner as property and equipment. Goodwill has been assigned to reporting units for purposes of impairment testing. The Company evaluates goodwill to determine if the carrying value exceeds the fair value of the reporting unit. During fiscal 2021, 2020 and 2019, the Company determined that certain long-lived assets at the Company’s retail locations were unable to recover their carrying value. The impairment charges in fiscal 2021 were primarily due to the impact of the mandated store closures as a result of the COVID-19 pandemic and lower store productivity once opened. These assets were written down to a fair value resulting in impairment charges of $15,496, $14,611 and $3,544 in fiscal 2021, 2020 and 2019, respectively. During fiscal 2020, the Company evaluated the fair value of the Menus & Venues brand as compared to the carrying value and determined that the goodwill assigned to the reporting unit is impaired in full, resulting in a goodwill impairment charge of $13,911.

- 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

Property and Equipment

12 Months Ended

Jan. 31, 2021

Property Plant And Equipment [Abstract]

Property and Equipment

6. Property and Equipment

Property and equipment is summarized as follows:

	January 31,
	2021			2020
Land	$	56,400		$	38,279
Buildings		413,001			411,084
Furniture and fixtures		416,204			440,922
Leasehold improvements		860,963			923,711
Other operating equipment		369,001			349,416
Construction-in-progress		195,661			77,497
		2,311,230			2,240,909
Accumulated depreciation		(1,343,808	)		(1,350,877	)
Total	$	967,422		$	890,032

Depreciation expense for property and equipment in fiscal 2021, 2020 and 2019 was $102,197, $111,550 and $116,291, respectively.

Accrued Expenses and Other Current Liabilities

12 Months Ended

Jan. 31, 2021

Payables And Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

7. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:

	January 31,
	2021		2020
Sales return reserves	$	82,004	$	51,360
Gift cards and merchandise credits		48,171		44,906
Accrued sales and VAT taxes		19,104		16,820
Accrued rents, estimated property taxes and other property expenses		26,740		17,634
Federal, state and foreign income taxes		3,313		8,133
Accrued construction		38,569		10,556
Accrued investments in transit		52,800		6,342
Other current liabilities		88,546		49,514
Total	$	359,247	$	205,265

Debt

12 Months Ended

Jan. 31, 2021

Debt Disclosure [Abstract]

Debt

8. Debt

On June 29, 2018, the Company and its domestic subsidiaries entered into an amended and restated credit agreement (the “Amended Credit Agreement”) that amended the Company’s asset-based revolving credit facility with certain lenders, including JPMorgan Chase Bank, N.A., as administrative agent, and J.P. Morgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as joint lead arrangers and co-book managers.

The Amended Credit Agreement extended the maturity date of the senior secured revolving credit facility to June 2023 (the “Amended Credit Facility”). The Amended Credit Facility provides for loans and letters of credit up to $350,000, subject to a borrowing base that is comprised of the Company’s eligible accounts receivable and inventory. The Amended Credit Facility includes a swing-line sub-facility, a multicurrency sub-facility and the option to expand the facility by up to $150,000. The funds available under the Amended Credit Facility may be used for working capital and other general corporate purposes.

The Amended Credit Facility provides for interest on borrowings, at the Company’s option, at either (i) adjusted LIBOR, CDOR or EURIBOR plus an applicable margin ranging from 1.125% to 1.375%, or (ii) an adjusted ABR plus an applicable margin ranging from 0.125% to 0.375%, each such applicable margin depending on the level of availability under the Amended Credit Facility. Currently, there has not been a replacement reference rate identified for LIBOR in the Amended Credit Facility. Depending on the type of borrowing, interest on the Amended Credit Agreement is payable monthly, quarterly or at the end of the interest period. A commitment fee of 0.20% is payable quarterly on the unused portion of the Amended Credit Facility.

All obligations under the Amended Credit Facility are unconditionally guaranteed by the Company and certain of its U.S. subsidiaries. The obligations under the Amended Credit Facility are secured by a first-priority security interest in inventory, accounts receivable and certain other assets of the Company and certain of its U.S. subsidiaries. The obligations of URBN Canada Retail, Inc. are secured by a first-priority security interest in its inventory, accounts receivable, and certain other assets. The Amended Credit

Agreement contains customary representations and warranties, negative and affirmative covenants and provisions relating to events of default.

As of January 31, 2021, the Company had $0 in borrowings under the Amended Credit Facility. The Company borrowed and subsequently repaid $220,000 during fiscal 2021 in order to preserve financial flexibility and maintain liquidity and flexibility in response to the COVID-19 pandemic. As of January 31, 2021, the Company was in compliance with the terms of the Amended Credit Agreement. The Company expects to remain in compliance with all terms, including covenants, of the Amended Credit Agreement. Outstanding stand-by letters of credit, which reduce the funds available under the Amended Credit Facility, were $13,709. Interest expense for the Amended Credit Facility for the year ended January 31, 2021, was $2,720, which was included in “Interest Expense,” in the Consolidated Statements of Income.

Leases

12 Months Ended

Jan. 31, 2021

Leases [Abstract]

Leases

9. Leases

The Company has operating leases for stores, distribution and fulfillment centers, corporate offices and equipment. The Company subleases certain properties to third parties.

Total operating lease costs were $275,493 and $272,430 during fiscal 2021 and 2020, respectively. Total variable lease costs were $89,833 and $126,492 during fiscal 2021 and 2020, respectively. Short-term lease costs and sublease income were not material during fiscal 2021 and 2020.

Other information related to leases was as follows:

Other information	Fiscal Year Ended January 31,
Cash paid for amounts included in the measurement of lease liabilities:	2021			2020
Operating cash flows from operating leases	$	247,539		$	295,658
Right-of-use assets obtained in exchange for new operating lease liabilities	$	149,586		$	106,131
Weighted-average remaining lease term - operating leases	7.0 years			7.4 years
Weighted-average discount rate - operating leases		6.1	%		6.3	%

The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of January 31, 2021:

Fiscal Year	Operating Leases
2022	$	329,501
2023		265,666
2024		235,321
2025		198,388
2026		166,110
Thereafter		492,126
Total undiscounted future minimum lease payments		1,687,112
Less imputed interest		(358,400	)
Total discounted future minimum lease payments	$	1,328,712

As of January 31, 2021, the Company had commitments of approximately $12,337 not included in the amounts above related to nine executed but not yet commenced store leases.

Certain store leases provide for contingent rentals when sales exceed specified breakpoint levels, in lieu of a fixed minimum rent, that are not reflected in the above table. Additionally, there are 47 locations where a percentage of sales are paid, in lieu of a fixed minimum rent, that are not reflected in the above table. Total rent expense related to these 47 locations was approximately $3,143 for fiscal 2021.

In response to the COVID-19 pandemic and mandated store closures, the Company withheld certain minimum lease payments due to landlords. The amount withheld at January 31, 2021 was included in “Current portion of operating lease liabilities” in the Consolidated Balance Sheets.

modification. Rent concessions recorded by the Company during fiscal 2021, as either negative variable rent or lease modifications have not had a material impact on the Company’s Consolidated Financial Statements.

Income Taxes

12 Months Ended

Jan. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

10. Income Taxes

The components of income (loss) before income taxes are as follows:

	Fiscal Year Ended January 31,
	2021			2020		2019
Domestic	$	13,103		$	233,742	$	336,823
Foreign		(9,590	)		5,978		48,730
	$	3,513		$	239,720	$	385,553

The components of the provision for income tax expense/(benefit) are as follows:

	Fiscal Year Ended January 31,
	2021			2020			2019
Current:
Federal	$	11,623		$	50,507		$	71,520
State		894			13,525			18,088
Foreign		4,030			6,141			9,356
	$	16,547		$	70,173		$	98,964
Deferred:
Federal	$	(7,801	)	$	(3,260	)	$	(6,818	)
State		(3,325	)		(772	)		965
Foreign		(3,144	)		5,483			(5,561	)
		(14,270	)		1,451			(11,414	)
	$	2,277		$	71,624		$	87,550

The following table reflects the differences between the statutory U.S. federal income tax rate and the Company’s effective tax rate:

	Fiscal Year Ended January 31,
	2021			2020			2019
Expected provision at statutory U.S. federal tax rate		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal tax benefit		(88.1	)		4.2			3.9
Foreign taxes		56.9			4.0			(1.5	)
Net impact of U.S. tax reform		—			—			0.3
Uncertain impact of U.S. tax reform		28.8			0.5			0.1
Stock compensation		36.1			0.2			(0.6	)
Tax rate changes		8.5			0.1			0.5
Prior year adjustments		15.7			(0.3	)		(0.4	)
Federal tax credits		(16.0	)		(0.2	)		(0.1	)
Nondeductible expenses		8.6			0.2			0.1
Tax exempt income		(3.4	)		—			—
Other		(3.3	)		0.2			(0.6	)
Effective tax rate		64.8	%		29.9	%		22.7	%

The variance in percentages for the components of the effective tax rate for fiscal 2021 as compared to fiscal 2020 and 2019 are primarily due to the ratio of foreign taxable losses to global taxable profits and lower income before income taxes in fiscal 2021.

The significant components of deferred tax assets and liabilities as of January 31, 2021 and 2020 are as follows:

	January 31,
	2021			2020
Deferred tax liabilities:
Prepaid expense	$	(2,191	)	$	(2,393	)
Depreciation		(34,476	)		(32,311	)
Operating lease right-of-use assets		(250,292	)		(260,706	)
Other temporary differences		(906	)		(1,129	)
Gross deferred tax liabilities		(287,865	)		(296,539	)
Deferred tax assets:
Operating lease liabilities		296,413			310,209
Deferred rent		6,685			—
Inventory		18,279			11,436
Accounts receivable		1,930			1,475
Net operating loss carryforwards		11,359			4,547
Tax uncertainties		1,611			1,336
Accrued salaries and benefits		16,711			17,534
Income tax credits		4,494			4,511
Other temporary differences		15,548			10,050
Gross deferred tax assets, before valuation allowances		373,030			361,098
Valuation allowances		(18,689	)		(13,459	)
Net deferred tax assets	$	66,476		$	51,100

Net deferred tax assets are attributed to the jurisdictions in which the Company operates. As of January 31, 2021 and 2020, respectively, $34,037 and $25,972 were attributable to U.S. federal, $19,084 and $15,858 were attributed to state jurisdictions and $13,355 and $9,270 were attributed to foreign jurisdictions.

As of January 31, 2021, certain non-U.S. subsidiaries of the Company had net operating loss carryforwards for tax purposes of approximately $6,753 that expire from 2021 through 2031 and approximately $30,695 that do not expire. Certain U.S. subsidiaries of the Company had state net operating loss carryforwards for tax purposes of approximately $29,696 that expire from 2021 through 2041 and approximately $17,122 that do not expire. Certain U.S. subsidiaries of the Company had state credit carryforwards for tax purposes of approximately $5,996 that expire from 2021 through 2031. As of January 31, 2021, the Company had full and partial valuation allowances for certain foreign and state net operating loss carryforwards and a partial valuation allowance against state credit carryforwards where it was uncertain the carryforwards would be utilized. The Company had no valuation allowance for certain other foreign and state net operating loss carryforwards where management believes it is more-likely-than-not the tax benefit of these carryforwards will be realized.

As of January 31, 2021, approximately $216,952 of cash and cash equivalents were held by the Company’s non-U.S. subsidiaries for which no deferred taxes have been provided. The Company has accumulated undistributed earnings generated by foreign subsidiaries of approximately $379,089. Since such earnings have previously been subject to the one-time deemed repatriation transition tax required by the U.S. Tax Cuts and Jobs Act or other U.S. tax requirements on undistributed foreign earnings, any additional taxes due with respect to such earnings or the excess of the amount for financial reporting over the tax basis of our foreign investments would generally be limited to foreign and state taxes. The Company continues to believe that certain foreign earnings are indefinitely reinvested and expects future U.S. cash generation to be sufficient to meet future U.S. cash needs.

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

	January 31,
Tax Benefit Reconciliation	2021			2020			2019
Balance at the beginning of the period	$	21,924		$	21,406		$	4,546
Increases in tax positions for prior years		476			661			18,077
Decreases in tax positions for prior years		(51	)		(101	)		(921	)
Increases in tax positions for current year		41			125			196
Settlements		—			—			—
Lapse in statute of limitations		(131	)		(167	)		(492	)
Balance at the end of the period	$	22,259		$	21,924		$	21,406

The total amount of net unrecognized tax benefits that, if recognized, would impact the Company’s effective tax rate were $23,497 and $22,489 as of January 31, 2021 and 2020, respectively. The Company accrues interest and penalties related to unrecognized tax benefits in income tax expense in the Consolidated Statements of Income, which is consistent with the recognition of these items in prior reporting periods. During the years ended January 31, 2021, 2020 and 2019, the Company recognized expense/(benefit) of $950, $1,038 and $449, respectively, related to interest and penalties. The Company accrued $2,810 and $1,860 for the payment of interest and penalties as of January 31, 2021 and 2020, respectively.

The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The Company is under audit in certain foreign jurisdictions. Certain federal, foreign and state jurisdictions are subject to audit from fiscal 2010 to 2020. It is possible that a state or foreign examination may be resolved within 12 months. Due to the potential for resolution of federal and foreign audit and state examinations, and the expiration of various statutes of limitation, it is possible that the Company’s gross unrecognized tax benefits balance may change within the next 12 months by a range of zero to $4,117.

- 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

Share-Based Compensation

12 Months Ended

Jan. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation

11. Share-Based Compensation

The Company’s 2017 Stock Incentive Plan (the “2017 Plan”) authorized up to 10,000,000 common shares, which can be granted as restricted stock, RSU’s, PSU’s, incentive stock options, nonqualified stock options, SAR’s and stock grant awards. As of January 31, 2021, there were 7,793,950 common shares available to grant under the 2017 Plan.

The Company’s 2008 Stock Incentive Plan (the “2008 Plan”) authorized up to 10,000,000 common shares, which can be granted as RSU’s, unrestricted shares, incentive stock options, nonqualified stock options, PSU’s or SAR’s. As of January 31, 2021, there were 5,403,169 common shares available to grant under the 2008 Plan. Pursuant to the terms of the 2008 Plan, certain awards may not be granted after February 25, 2018. Awards under the 2017 Plan and the 2008 Plan generally expire seven or ten years from the date of grant, thirty days after termination of employment or six months after the date of death or termination due to disability of the grantee.

The Company elects to account for forfeitures as they occur rather than estimate the expected forfeitures.

Share-based compensation expense, included in “Selling, general and administrative expenses” in the Consolidated Statements of Income, for the fiscal years ended January 31, 2021, 2020 and 2019 was as follows:

	Fiscal Year Ended January 31,
	2021		2020		2019
Stock Options	$	471	$	1,737	$	1,854
Stock Appreciation Rights		—		—		4
Performance Stock Units ⁽¹⁾		181		3,483		2,463
Restricted Stock Units		19,648		15,889		13,783
Total	$	20,300	$	21,109	$	18,104

(1)

Includes: (i) the reversal of $1,017 of previously recognized compensation expense in fiscal 2021, related to 87,997 PSU’s that will not vest as the achievement of the related performance target is not probable; (ii) the reversal of $803 of previously recognized compensation expense in fiscal 2020, related to 54,356 PSU’s that will not vest as the achievement of the related performance target is not probable; and (iii) the reversal of $4,213 of previously recognized compensation expense in fiscal 2019, related to 313,077 PSU’s that will not vest as the achievement of the related performance target is not probable.

The total tax benefit associated with share-based compensation expense for the fiscal years ended January 31, 2021, 2020 and 2019 was $4,899, $5,230 and $4,465, respectively. The tax benefit realized from share-based compensation for the fiscal years ended January 31, 2021, 2020 and 2019 was $2,528, $4,425 and $8,309, respectively.

Stock Options

The Company may grant stock options that generally vest over a period of one year. Stock options become exercisable over the vesting period in installments determined by the Company, which can vary depending upon each individual grant. Stock options granted to non-employee directors generally vest over a period of one year.

There were no stock options granted in the fiscal year ended January 31, 2021, as beginning in fiscal 2021, the Company began to grant restricted stock units to non-employee directors instead of stock options. A Black-Scholes model was used to estimate the fair value of stock options granted in the fiscal years ended January 31, 2020 and 2019. The model uses assumptions including the risk-free rate of interest, expected volatility of the Company’s stock price and expected life of the awards. The Company uses historical data on exercise timing to determine the expected life assumption. The risk-free rate of interest for periods within the contractual life of the award is based on U.S. Government Securities Treasury Constant Maturities over the expected term of the equity instrument. The

expected volatility is based on a weighted-average of the implied volatility and the Company’s most recent historical volatility. The following weighted-average assumptions were used in the models to estimate the fair value of stock options at the date of grant:

	Fiscal Year Ended January 31,
	2021		2020			2019
Expected life, in years		—		5.3			5.4
Risk-free interest rate		—		1.9	%		2.8	%
Volatility		—		37.6	%		35.6	%
Dividend rate		—		—			—

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2021:

	Shares			Weighted- Average Exercise Price		Weighted- Average Contractual Terms (years)		Aggregate Intrinsic Value
Awards outstanding at beginning of year		670,000		$	32.94		3.9	$	964
Granted		—			—
Exercised		(25,000	)		19.80
Forfeited or Expired		(130,000	)		41.38
Awards outstanding at end of year		515,000			31.45		3.0	$	1,249
Awards outstanding fully vested and expected to vest		515,000			31.45		3.0	$	1,249
Awards exercisable at end of year		515,000		$	31.45		3.0	$	1,249

The following table summarizes other information related to stock options during the years ended January 31, 2021, 2020 and 2019:

	Fiscal Year Ended January 31,
	2021		2020		2019
Weighted-average grant date fair value—per share	$	—	$	8.67	$	17.12
Intrinsic value of awards exercised	$	187	$	307	$	4,369
Net cash proceeds from the exercise of stock options	$	495	$	974	$	13,618

There were no unrecognized compensation costs of stock options granted, but not yet vested, as of January 31, 2021.

Stock Appreciation Rights

The Company may grant SAR’s that generally vest over a five year period. Each vested SAR entitles the holder the right to the differential between the value of the Company’s common share price at the date of exercise and the value of the Company’s common share price at the date of grant. There were no SAR’s granted during the fiscal years ended January 31, 2021, 2020 and 2019.

The following table summarizes other information related to SAR’s during the years ended January 31, 2021, 2020 and 2019:

	Fiscal Year Ended January 31,
	2021		2020		2019
Intrinsic value of awards exercised	$	—	$	—	$	1,451

There were no unrecognized compensation costs of SAR’s granted, but not yet vested, as of January 31, 2021.

Performance Stock Units

The Company may grant PSU’s that vest based on the achievement of various company performance targets and external market conditions. The fair value of the PSU’s awarded during fiscal 2021 and 2020 equaled the stock price on the date of the grant. The fair value of the PSU’s awarded during fiscal 2019 was determined using a Monte Carlo simulation. A Monte Carlo simulation uses assumptions including the risk-free interest rate, expected volatility of the Company’s stock price and expected life of the awards. A different methodology was used to value fiscal 2021 and 2020 grants due to the removal of certain conditions in the grant provisions. The Company makes certain estimates about the number of awards that will vest. Once the Company determines that it is probable that the performance targets will be met, compensation expense is recorded for these awards. If any of these performance targets are not met, the

awards are forfeited. Each PSU is equal to one common share with varying maximum award value limitations. PSU’s typically vest over a two to five-year period.

The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2021:

	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		742,466		$	24.60
Granted		154,000			25.84
Vested		(113,331	)		28.58
Forfeited		(513,132	)		22.66
Non-vested awards outstanding at end of year		270,003		$	27.32

The weighted-average grant date fair value of PSU’s awarded during the fiscal years ended January 31, 2021, 2020 and 2019 was $25.84, $30.19 and $34.76, per share, respectively. Unrecognized compensation cost related to unvested PSU’s as of January 31, 2021 was $1,808, which is expected to be recognized over a weighted-average period of 2.2 years.

Restricted Stock Units

The Company may grant RSU’s that vest based on the achievement of specified service conditions. RSU’s typically vest over a two to five-year period.

The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2021:

	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		1,655,341		$	31.03
Granted		903,600			25.31
Vested		(344,177	)		31.11
Forfeited		(105,379	)		29.25
Non-vested awards outstanding at end of year		2,109,385		$	28.65

The weighted-average grant date fair value of RSU’s awarded during the fiscal years ended January 31, 2021, 2020 and 2019 was $25.31, $29.92 and $36.55, per share, respectively. The aggregate grant date fair value of RSU’s vested during the fiscal years ended January 31, 2021, 2020 and 2019 was $31.11, $26.80 and $26.86, respectively. Unrecognized compensation costs related to unvested RSU’s as of January 31, 2021, was $23,346, which is expected to be recognized over a weighted-average period of 1.9 years.

Shareholders' Equity

12 Months Ended

Jan. 31, 2021

Equity [Abstract]

Shareholders' Equity

12. Shareholders’ Equity

Share repurchase activity under the Company’s share repurchase programs is as follows:

	Fiscal Year Ended January 31,
	2021		2020
Number of common shares repurchased and subsequently retired		482,003		8,068,196
Total cost	$	7,036	$	217,421
Average cost per share, including commissions	$	14.60	$	26.95

The shares repurchased during fiscal 2021 were prior to the known spread of the COVID-19 pandemic in the United States, which forced the Company to close its stores for an extended period of time. As discussed in Note 1, “Nature of Business,” the Company temporarily suspended share repurchases during fiscal 2021.

On August 22, 2017, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program. On June 4, 2019, the Company’s Board of Directors authorized the repurchase of an additional 20,000,000 common shares under a share repurchase program. As of January 31, 2021, 25,851,954 common shares were remaining under the programs.

In addition to the common shares repurchased under the share repurchase programs, during the fiscal years ended January 31, 2021 and 2020, the Company acquired and subsequently retired 161,335 and 185,430 common shares at a total cost of $3,876 and $5,600, respectively, from employees to meet minimum statutory tax withholding requirements.

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

12 Months Ended

Jan. 31, 2021

Equity [Abstract]

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

13. Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

The following tables present the changes in “Accumulated other comprehensive loss,” by component, net of tax, for the fiscal years ended January 31, 2021 and 2020, respectively:

	Fiscal Year Ended January 31, 2021
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(28,328	)	$	324		$	(28,004	)
Other comprehensive income (loss) before reclassifications		11,378			(75	)		11,303
Amounts reclassified from accumulated other comprehensive income (loss)		—			(419	)		(419	)
Net current-period total other comprehensive income (loss)		11,378			(494	)		10,884
Ending Balance	$	(16,950	)	$	(170	)	$	(17,120	)

	Fiscal Year Ended January 31, 2020
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(26,925	)	$	(178	)	$	(27,103	)
Other comprehensive income (loss) before reclassifications		(1,403	)		463			(940	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			39			39
Net current-period total other comprehensive income (loss)		(1,403	)		502			(901	)
Ending Balance	$	(28,328	)	$	324		$	(28,004	)

All unrealized gains and losses on available-for-sale securities reclassified from accumulated other comprehensive loss were recorded in “Interest income” in the Consolidated Statements of Income.

Net Income Per Common Share

12 Months Ended

Jan. 31, 2021

Earnings Per Share [Abstract]

Net Income Per Common Share

14. Net Income Per Common Share

The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income per common share:

	Fiscal Year Ended January 31,
	2021		2020		2019
Basic weighted-average common shares outstanding		97,817,651		99,833,011		108,303,594
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		705,125		755,666		1,402,413
Diluted weighted-average shares outstanding		98,522,776		100,588,677		109,706,007

For the fiscal years ended January 31, 2021, 2020 and 2019, awards to purchase 467,500 common shares ranging in price from $18.81 to $46.42, awards to purchase 406,250 common shares ranging in price from $28.47 to $46.42 and awards to purchase 281,875 common shares ranging in price from $35.85 to $46.42, respectively, were excluded from the calculation of diluted net income per common share because the impact would be anti-dilutive.

As of January 31, 2021 and 2020, 470,815 and 555,362 contingently issuable awards, respectively, were excluded from the calculation of diluted net income per common share as they did not meet certain performance criteria.

Commitments and Contingencies

12 Months Ended

Jan. 31, 2021

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

15. Commitments and Contingencies

Purchase Commitments

As of January 31, 2021, the Company has commitments for unfulfilled purchase orders for merchandise ordered from our vendors in the normal course of business, which are satisfied within 12 months, as well as commitments for products and services including information technology contracts, of $672,133. The majority of the Company’s merchandise commitments are cancellable with no or limited recourse available to the vendor until the merchandise shipping date. As of January 31, 2021, the Company had outstanding trade letters of credit of $52,579. As of January 31, 2021, the Company also has commitments related to construction and distribution equipment contracts that are fully satisfied upon the completion of construction or installation of $291,803, of which $120,724 is due within one year and $171,079 is due in more than one year. Construction and distribution equipment contracts include $289,131 related to the omni-channel fulfillment center in Kansas City, Kansas.

Benefit Plans

Full and part-time U.S. based employees who are at least 18 years of age are eligible after three months of employment to participate in the Urban Outfitters 401(k) Savings Plan (the “Plan”). Under the Plan, employees can defer 1% to 25% of compensation as defined. Beginning January 1, 2019, the Company made matching contributions in cash of $0.50 per employee contribution dollar on the first 6% of the employee contribution. Prior to January 1, 2019, the Company made matching contributions in cash of $0.25 per employee contribution dollar on the first 6% of the employee contribution. The employees’ contribution is 100% vested while the Company’s matching contribution vests at 20% per year of employee service. The Company’s contributions were $6,677, $7,094 and $3,549 for fiscal years 2021, 2020 and 2019, respectively.

The NQDC provides certain employees who are limited in their participation under the Plan the opportunity to defer compensation as defined within the NQDC. Deferred compensation under the NQDC consists of elective deferral credits, if any, made by the participant and discretionary contribution credits made by the Company. Employee contributions are 100% vested on the contribution date and the Company’s discretionary contribution is 100% vested upon crediting to participants’ accounts on an annual basis. The Company made a matching contribution of $66, $56 and $46 during fiscal years 2021, 2020 and 2019, respectively. The NQDC obligation was $10,793 and $8,428 as of January 31, 2021 and 2020, respectively. The Company has purchased investments to fund the NQDC obligation. The investments had an aggregate market value of $10,793 and $8,428 as of January 31, 2021 and 2020, respectively, and are included in “Marketable securities” in the Consolidated Balance Sheets (see Note 4, “Marketable Securities”).

Contingencies

The Company is party to various legal proceedings arising from normal business activities. Management believes that the ultimate resolution of these matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Related Party Transactions

12 Months Ended

Jan. 31, 2021

Related Party Transactions

16. Related Party Transactions

Faegre Drinker Biddle & Reath LLP, a law firm, provided general legal services to the Company. Fees paid to Faegre Drinker Biddle & Reath LLP during fiscal 2021, 2020 and 2019 were $1,018, $495 and $1,052, respectively. Harry S. Cherken, Jr., a director of the Company, is Senior Counsel at Faegre Drinker Biddle & Reath LLP. Amounts due to Faegre Drinker Biddle & Reath LLP as of January 31, 2021 and 2020 were approximately $67 and $50, respectively.

Todd R. Morgenfeld, a director of the Company, is Chief Financial Officer of Pinterest, Inc., which provided digital marketing services to the Company in fiscal 2021 and is expected to continue to do so in the future. The amount paid to Pinterest, Inc. for such digital marketing services was financially immaterial to Pinterest, Inc. and is unrelated to Mr. Morgenfeld’s compensation from Pinterest, Inc. Mr. Morgenfeld did not provide and was not involved in the provision of digital marketing services by Pinterest, Inc. to the Company, and he does not intend to provide or be involved in the provision of such services by Pinterest, Inc. in the future. The Board of Directors considered these matters in determining Mr. Morgenfeld’s independence.

Segment Reporting

12 Months Ended

Jan. 31, 2021

Segment Reporting [Abstract]

Segment Reporting

17. Segment Reporting

The Company offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands. The Company operates three reportable segments—“Retail,” “Wholesale” and “Subscription.”

The Company’s Retail segment consists of the Anthropologie, Bhldn, Free People, FP Movement, Terrain, Urban Outfitters and Menus & Venues brands. The Anthropologie, Bhldn and Terrain brands make up the Anthropologie Group. The Free People and FP Movement brands make up the Free People Group. As of January 31, 2021, there were 247 Urban Outfitters stores, 237 Anthropologie Group stores, 149 Free People Group stores, 11 Menus & Venues restaurants and one Urban Outfitters franchisee-owned store. Each of, Urban Outfitters, the Anthropologie Group and the Free People Group, including their Company-owned and franchisee-owned store and

digital channels, and Menus & Venues restaurants, are considered an operating segment. Net sales from the Retail segment accounted for approximately 93.6%, 91.6% and 91.2% of total consolidated net sales for fiscal 2021, 2020 and 2019, respectively.

The Company has aggregated its brands into the Retail segment based upon their shared management, customer base and economic characteristics. Reporting in this format provides management with the financial information necessary to evaluate the success of the segments and the overall business. The Company’s Retail segment omni-channel strategy enhances its customers’ brand experience by providing a seamless approach to the customer shopping experience. All available Company-owned Retail segment shopping channels are fully integrated, including stores, websites, mobile applications, catalogs and customer contact centers. The Company’s investments in areas such as marketing campaigns and technology advancements are designed to generate demand for the Retail segment omni-channel and not the separate store or digital channels. The Company manages and analyzes its performance based on a single Retail segment omni-channel rather than separate channels and believes that the Retail segment omni-channel results present the most meaningful and appropriate measure of our performance.

The Company’s Wholesale segment consists of the Free People, FP Movement and Urban Outfitters brands. The Wholesale segment sells through department and specialty stores worldwide, digital businesses and the Retail segment. The Wholesale segment primarily designs, develops and markets young women’s contemporary casual apparel, intimates, FP Movement activewear and shoes under the Free People Group and the BDG and other own brand apparel collections under the Urban Outfitters brand. The Urban Outfitters wholesale division was established in fiscal 2019. The Anthropologie brand exited the wholesale business in the third quarter of fiscal 2021. Our Wholesale segment net sales accounted for approximately 5.7%, 8.2% and 8.8% of total consolidated net sales for fiscal 2021, 2020 and 2019, respectively.

The Subscription segment consists of the “Nuuly” brand, which is a monthly women’s apparel subscription rental service that launched on July 30, 2019. For a monthly fee, Nuuly subscribers can select rental product from a wide selection of the Company’s own brands, third-party labels and one-of-a-kind vintage pieces via a custom-built, digital platform. Subscribers select their products each month, wear them as often as they like and then swap into new products the following month. Subscribers are also able to purchase the rented product. Subscription segment net sales accounted for less than 1.0% of consolidated net sales for fiscal 2021 and 2020.

The Company evaluates the performance of each segment based on the net sales and pre-tax income from operations (excluding intercompany charges) of the segment. Corporate expenses include expenses incurred and directed by the corporate office that are not allocated to segments. The principal identifiable assets for the Retail and Wholesale segments are inventory and property and equipment. The principal identifiable assets for the Subscription segment are rental product and property and equipment.

Other assets are comprised primarily of general corporate assets, which principally consist of cash and cash equivalents, marketable securities, deferred taxes and prepaid expenses, and are typically not allocated to the Company’s segments. The Company accounts for intersegment sales and transfers as if the sales and transfers were made to third parties making similar volume purchases.

The accounting policies of the reportable segments are the same as the policies described in Note 2, “Summary of Significant Accounting Policies.” All of the Company’s segments are highly diversified. No one customer constitutes more than 10% of the Company’s total consolidated net sales. A summary of the information about the Company’s operations by segment is as follows:

	Fiscal Year
	2021			2020			2019
Net sales
Retail operations	$	3,228,200		$	3,648,938		$	3,604,170
Wholesale operations		216,937			340,869			357,363
Subscription operations		24,336			8,001			—
Intersegment elimination		(19,724	)		(14,019	)		(10,910	)
Total net sales	$	3,449,749		$	3,983,789		$	3,950,623
Income (loss) from operations
Retail operations	$	68,384		$	256,540		$	353,851
Wholesale operations		(10,180	)		42,315			68,516
Subscription operations		(18,367	)		(19,639	)		(3,423	)
Intersegment elimination		(494	)		257			399
Total segment operating income		39,343			279,473			419,343
General corporate expenses⁽¹⁾		(35,371	)		(47,548	)		(38,030	)
Total income from operations	$	3,972		$	231,925		$	381,313

(1)

General corporate expenses during fiscal 2021 benefitted from the recognition of COVID-19 related government relief packages.

	Fiscal Year
	2021		2020		2019
Depreciation expense for property and equipment
Retail operations	$	97,911	$	109,622	$	115,646
Wholesale operations		545		578		645
Subscription operations		3,741		1,350		—
Total depreciation expense for property and equipment	$	102,197	$	111,550	$	116,291
Inventory
Retail operations	$	348,797	$	347,837
Wholesale operations		40,821		61,697
Total inventory	$	389,618	$	409,534
Rental product, net ⁽¹⁾
Subscription operations	$	11,857	$	16,447
Total rental product, net	$	11,857	$	16,447

(1) Rental product, net is included in "Deferred income taxes and other assets" in the Consolidated Balance Sheets.

Property and equipment, net
Retail operations	$	938,020	$	859,918
Wholesale operations		2,096		2,577
Subscription operations		27,306		27,537
Total property and equipment, net	$	967,422	$	890,032
Cash paid for property and equipment
Retail operations	$	155,343	$	189,904	$	112,332
Wholesale operations		390		633		600
Subscription operations		3,509		26,896		1,992
Total cash paid for property and equipment	$	159,242	$	217,433	$	114,924

The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category:

	Fiscal Year
	2021			2020			2019
Net sales
Apparel ⁽¹⁾		2,111,828			2,596,926			2,636,170
Home ⁽²⁾		731,237			649,184			605,405
Accessories ⁽³⁾		411,927			517,219			498,824
Other ⁽⁴⁾		194,757			220,460			210,224
Total net sales		3,449,749			3,983,789			3,950,623

As a percentage of net sales
Apparel ⁽¹⁾		61	%		65	%		67	%
Home ⁽²⁾		21	%		16	%		15	%
Accessories ⁽³⁾		12	%		13	%		13	%
Other ⁽⁴⁾		6	%		6	%		5	%
Total net sales		100	%		100	%		100	%

(1) Apparel includes intimates and activewear
(2) Home includes home furnishings, electronics, gifts and decorative items
(3) Accessories includes footwear, jewelry and handbags
(4) Other includes beauty, shipping and handling, the Menus & Venues brand and the Subscription segment

Apparel, Home, and Accessories are sold through both the Retail and Wholesale segments. Revenue recognized from the Other category is primarily attributable to the Retail segment.

The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows:

	Fiscal Year
	2021		2020		2019
Net Sales
Domestic operations	$	3,040,778	$	3,485,383	$	3,449,913
Foreign operations		408,971		498,406		500,710
Total net sales	$	3,449,749	$	3,983,789	$	3,950,623
Property and equipment, net
Domestic operations	$	768,440	$	763,411
Foreign operations		198,982		126,621
Total property and equipment, net	$	967,422	$	890,032

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (e)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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+ Details

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2021

Summary Of Significant Accounting Policies [Abstract]

Fiscal Year-End

Principles of Consolidation

The Consolidated Financial Statements include the accounts of the Company and all of its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.

Use of Estimates

Cash and Cash Equivalents

Marketable Securities

Accounts Receivable

	Balance at beginning of year		Additions		Deductions			Balance at end of year
Year ended January 31, 2021	$	880		9,534		(6,386	)	$	4,028
Year ended January 31, 2020	$	1,499		1,684		(2,303	)	$	880
Year ended January 31, 2019	$	1,326		3,919		(3,746	)	$	1,499

Inventory

Property and Equipment

Rental Product

Impairment of Long-lived Assets, Goodwill and Intangible Assets

Impairment of Long-lived Assets

Selling, General and Administrative Expenses

Shipping and Handling Revenues and Costs

Advertising

Store Opening Costs

Website Development Costs

Income Taxes

Net Income Per Common Share

Comprehensive Income and Accumulated Other Comprehensive Loss

Foreign Currency

Concentration of Credit Risk

Commitments and Contingencies

Reclassification

Prior period amounts for the non-operating income and expense lines have been reclassified to conform to the current year presentation in the Consolidated Statements of Income.

Recent Accounting Pronouncements

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2021

Summary Of Significant Accounting Policies [Abstract]

Activity of Allowance for Doubtful Accounts

The activity of the allowance for doubtful accounts for the years ended January 31, 2021, 2020 and 2019 was as follows:

	Balance at beginning of year		Additions		Deductions			Balance at end of year
Year ended January 31, 2021	$	880		9,534		(6,386	)	$	4,028
Year ended January 31, 2020	$	1,499		1,684		(2,303	)	$	880
Year ended January 31, 2019	$	1,326		3,919		(3,746	)	$	1,499

Marketable Securities (Tables)

12 Months Ended

Jan. 31, 2021

Investments Debt And Equity Securities [Abstract]

Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities

The amortized cost, gross unrealized gains (losses) and fair values of available-for-sale securities by major security type and class of security as of January 31, 2021 and 2020 are as follows:

	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Fair Value
As of January 31, 2021
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	127,097	$	11	$	(53	)	$	127,055
Corporate bonds		38,695		1		(48	)		38,648
Commercial paper		8,992		—		—			8,992
		174,784		12		(101	)		174,695
Long-term Investments:
Municipal and pre-refunded municipal bonds		53,134		17		(46	)		53,105
Corporate bonds		59,890		3		(129	)		59,764
Mutual funds, held in rabbi trust		10,827		20		(54	)		10,793
		123,851		40		(229	)		123,662
	$	298,635	$	52	$	(330	)	$	298,357

As of January 31, 2020
Short-term Investments:
Municipal and pre-refunded municipal bonds	$	38,617	$	20	$	(11	)	$	38,626
Corporate bonds		166,790		318		(26	)		167,082
Commercial paper		1,997		—		—			1,997
Federal government agencies		1,152		3		—			1,155
Certificate of deposit		2,593		—		—			2,593
		211,149		341		(37	)		211,453
Long-term Investments:
Municipal and pre-refunded municipal bonds		30,340		35		(17	)		30,358
Corporate bonds		47,352		205		(40	)		47,517
Mutual funds, held in rabbi trust		8,448		36		(55	)		8,429
Federal government agencies		6,926		1		(2	)		6,925
Certificates of deposit		3,867		—		—			3,867
		96,933		277		(114	)		97,096
	$	308,082	$	618	$	(151	)	$	308,549

Gross Unrealized Losses and Fair Value of Marketable Securities

	January 31, 2021
	Less Than 12 Months					12 Months or Greater				Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Municipal and pre-refunded municipal bonds	$	90,308	$	(99	)	$	—	$	—	$	90,308	$	(99	)
Corporate bonds		91,432		(177	)		—		—		91,432		(177	)
Mutual funds, held in rabbi trust		10,793		(54	)		—		—		10,793		(54	)
Total	$	192,533	$	(330	)	$	—	$	—	$	192,533	$	(330	)

	January 31, 2020
	Less Than 12 Months					12 Months or Greater				Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Municipal and pre-refunded municipal bonds	$	24,975	$	(28	)	$	—	$	—	$	24,975	$	(28	)
Corporate bonds		60,067		(66	)		—		—		60,067		(66	)
Mutual funds, held in rabbi trust		5,395		(55	)		—		—		5,395		(55	)
Federal government agencies		3,009		(2	)		—		—		3,009		(2	)
Total	$	93,446	$	(151	)	$	—	$	—	$	93,446	$	(151	)

Fair Value (Tables)

12 Months Ended

Jan. 31, 2021

Fair Value Disclosures [Abstract]

Financial Assets Measured at Fair Value on Recurring Basis

The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below:

	Marketable Securities Fair Value as of January 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	—	$	180,160	$	—	$	180,160
Corporate bonds		—		98,412		—		98,412
Mutual funds, held in rabbi trust		10,793		—		—		10,793
Commercial paper		—		8,992		—		8,992
	$	10,793	$	287,564	$	—	$	298,357

	Marketable Securities Fair Value as of January 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Municipal and pre-refunded municipal bonds	$	—	$	68,984	$	—	$	68,984
Corporate bonds		214,599		—		—		214,599
Mutual funds, held in rabbi trust		8,429		—		—		8,429
Commercial paper		—		1,997		—		1,997
Federal government agencies		8,080		—		—		8,080
Certificates of deposit		—		6,460		—		6,460
	$	231,108	$	77,441	$	—	$	308,549

Property and Equipment (Tables)

12 Months Ended

Jan. 31, 2021

Property Plant And Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment is summarized as follows:

	January 31,
	2021			2020
Land	$	56,400		$	38,279
Buildings		413,001			411,084
Furniture and fixtures		416,204			440,922
Leasehold improvements		860,963			923,711
Other operating equipment		369,001			349,416
Construction-in-progress		195,661			77,497
		2,311,230			2,240,909
Accumulated depreciation		(1,343,808	)		(1,350,877	)
Total	$	967,422		$	890,032

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Jan. 31, 2021

Payables And Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:

	January 31,
	2021		2020
Sales return reserves	$	82,004	$	51,360
Gift cards and merchandise credits		48,171		44,906
Accrued sales and VAT taxes		19,104		16,820
Accrued rents, estimated property taxes and other property expenses		26,740		17,634
Federal, state and foreign income taxes		3,313		8,133
Accrued construction		38,569		10,556
Accrued investments in transit		52,800		6,342
Other current liabilities		88,546		49,514
Total	$	359,247	$	205,265

Leases (Tables)

12 Months Ended

Jan. 31, 2021

Leases [Abstract]

Other Information Related to Leases

Other information related to leases was as follows:

Other information	Fiscal Year Ended January 31,
Cash paid for amounts included in the measurement of lease liabilities:	2021			2020
Operating cash flows from operating leases	$	247,539		$	295,658
Right-of-use assets obtained in exchange for new operating lease liabilities	$	149,586		$	106,131
Weighted-average remaining lease term - operating leases	7.0 years			7.4 years
Weighted-average discount rate - operating leases		6.1	%		6.3	%

Schedule by Year of Maturities of Operating Leases Liabilities with Original Terms in Excess of One Year

The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of January 31, 2021:

Fiscal Year	Operating Leases
2022	$	329,501
2023		265,666
2024		235,321
2025		198,388
2026		166,110
Thereafter		492,126
Total undiscounted future minimum lease payments		1,687,112
Less imputed interest		(358,400	)
Total discounted future minimum lease payments	$	1,328,712

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2021

Income Tax Disclosure [Abstract]

Components of Income (Loss) before Income Taxes

The components of income (loss) before income taxes are as follows:

	Fiscal Year Ended January 31,
	2021			2020		2019
Domestic	$	13,103		$	233,742	$	336,823
Foreign		(9,590	)		5,978		48,730
	$	3,513		$	239,720	$	385,553

Components of Provision for Income Tax Expense or Benefit

The components of the provision for income tax expense/(benefit) are as follows:

	Fiscal Year Ended January 31,
	2021			2020			2019
Current:
Federal	$	11,623		$	50,507		$	71,520
State		894			13,525			18,088
Foreign		4,030			6,141			9,356
	$	16,547		$	70,173		$	98,964
Deferred:
Federal	$	(7,801	)	$	(3,260	)	$	(6,818	)
State		(3,325	)		(772	)		965
Foreign		(3,144	)		5,483			(5,561	)
		(14,270	)		1,451			(11,414	)
	$	2,277		$	71,624		$	87,550

Reasons for Differences between Company's Effective Tax Rate and Statutory U.S. Federal Income Tax Rate

The following table reflects the differences between the statutory U.S. federal income tax rate and the Company’s effective tax rate:

	Fiscal Year Ended January 31,
	2021			2020			2019
Expected provision at statutory U.S. federal tax rate		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal tax benefit		(88.1	)		4.2			3.9
Foreign taxes		56.9			4.0			(1.5	)
Net impact of U.S. tax reform		—			—			0.3
Uncertain impact of U.S. tax reform		28.8			0.5			0.1
Stock compensation		36.1			0.2			(0.6	)
Tax rate changes		8.5			0.1			0.5
Prior year adjustments		15.7			(0.3	)		(0.4	)
Federal tax credits		(16.0	)		(0.2	)		(0.1	)
Nondeductible expenses		8.6			0.2			0.1
Tax exempt income		(3.4	)		—			—
Other		(3.3	)		0.2			(0.6	)
Effective tax rate		64.8	%		29.9	%		22.7	%

Significant Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities as of January 31, 2021 and 2020 are as follows:

	January 31,
	2021			2020
Deferred tax liabilities:
Prepaid expense	$	(2,191	)	$	(2,393	)
Depreciation		(34,476	)		(32,311	)
Operating lease right-of-use assets		(250,292	)		(260,706	)
Other temporary differences		(906	)		(1,129	)
Gross deferred tax liabilities		(287,865	)		(296,539	)
Deferred tax assets:
Operating lease liabilities		296,413			310,209
Deferred rent		6,685			—
Inventory		18,279			11,436
Accounts receivable		1,930			1,475
Net operating loss carryforwards		11,359			4,547
Tax uncertainties		1,611			1,336
Accrued salaries and benefits		16,711			17,534
Income tax credits		4,494			4,511
Other temporary differences		15,548			10,050
Gross deferred tax assets, before valuation allowances		373,030			361,098
Valuation allowances		(18,689	)		(13,459	)
Net deferred tax assets	$	66,476		$	51,100

Reconciliation of Beginning and Ending Balances of Total Amounts of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

	January 31,
Tax Benefit Reconciliation	2021			2020			2019
Balance at the beginning of the period	$	21,924		$	21,406		$	4,546
Increases in tax positions for prior years		476			661			18,077
Decreases in tax positions for prior years		(51	)		(101	)		(921	)
Increases in tax positions for current year		41			125			196
Settlements		—			—			—
Lapse in statute of limitations		(131	)		(167	)		(492	)
Balance at the end of the period	$	22,259		$	21,924		$	21,406

Share-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income

	Fiscal Year Ended January 31,
	2021		2020		2019
Stock Options	$	471	$	1,737	$	1,854
Stock Appreciation Rights		—		—		4
Performance Stock Units ⁽¹⁾		181		3,483		2,463
Restricted Stock Units		19,648		15,889		13,783
Total	$	20,300	$	21,109	$	18,104

(1)

Assumptions Used to Estimate Fair Value of Stock Options

The following weighted-average assumptions were used in the models to estimate the fair value of stock options at the date of grant:

	Fiscal Year Ended January 31,
	2021		2020			2019
Expected life, in years		—		5.3			5.4
Risk-free interest rate		—		1.9	%		2.8	%
Volatility		—		37.6	%		35.6	%
Dividend rate		—		—			—

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2021:

	Shares			Weighted- Average Exercise Price		Weighted- Average Contractual Terms (years)		Aggregate Intrinsic Value
Awards outstanding at beginning of year		670,000		$	32.94		3.9	$	964
Granted		—			—
Exercised		(25,000	)		19.80
Forfeited or Expired		(130,000	)		41.38
Awards outstanding at end of year		515,000			31.45		3.0	$	1,249
Awards outstanding fully vested and expected to vest		515,000			31.45		3.0	$	1,249
Awards exercisable at end of year		515,000		$	31.45		3.0	$	1,249

Summary of Information Concerning Outstanding and Exercisable Stock Options

The following table summarizes other information related to stock options during the years ended January 31, 2021, 2020 and 2019:

	Fiscal Year Ended January 31,
	2021		2020		2019
Weighted-average grant date fair value—per share	$	—	$	8.67	$	17.12
Intrinsic value of awards exercised	$	187	$	307	$	4,369
Net cash proceeds from the exercise of stock options	$	495	$	974	$	13,618

Summary of Other Information Related to SAR's

The following table summarizes other information related to SAR’s during the years ended January 31, 2021, 2020 and 2019:

	Fiscal Year Ended January 31,
	2021		2020		2019
Intrinsic value of awards exercised	$	—	$	—	$	1,451

Summary of Performance Share Units Activity

The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2021:

	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		742,466		$	24.60
Granted		154,000			25.84
Vested		(113,331	)		28.58
Forfeited		(513,132	)		22.66
Non-vested awards outstanding at end of year		270,003		$	27.32

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2021:

	Shares			Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year		1,655,341		$	31.03
Granted		903,600			25.31
Vested		(344,177	)		31.11
Forfeited		(105,379	)		29.25
Non-vested awards outstanding at end of year		2,109,385		$	28.65

Shareholders' Equity (Tables)

12 Months Ended

Jan. 31, 2021

Equity [Abstract]

Share Repurchase Activity

Share repurchase activity under the Company’s share repurchase programs is as follows:

	Fiscal Year Ended January 31,
	2021		2020
Number of common shares repurchased and subsequently retired		482,003		8,068,196
Total cost	$	7,036	$	217,421
Average cost per share, including commissions	$	14.60	$	26.95

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jan. 31, 2021

Equity [Abstract]

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax

The following tables present the changes in “Accumulated other comprehensive loss,” by component, net of tax, for the fiscal years ended January 31, 2021 and 2020, respectively:

	Fiscal Year Ended January 31, 2021
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(28,328	)	$	324		$	(28,004	)
Other comprehensive income (loss) before reclassifications		11,378			(75	)		11,303
Amounts reclassified from accumulated other comprehensive income (loss)		—			(419	)		(419	)
Net current-period total other comprehensive income (loss)		11,378			(494	)		10,884
Ending Balance	$	(16,950	)	$	(170	)	$	(17,120	)

	Fiscal Year Ended January 31, 2020
	Foreign Currency Translation			Unrealized Gains and (Losses) on Available-for- Sale Securities			Total
Beginning Balance	$	(26,925	)	$	(178	)	$	(27,103	)
Other comprehensive income (loss) before reclassifications		(1,403	)		463			(940	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			39			39
Net current-period total other comprehensive income (loss)		(1,403	)		502			(901	)
Ending Balance	$	(28,328	)	$	324		$	(28,004	)

Net Income Per Common Share (Tables)

12 Months Ended

Jan. 31, 2021

Earnings Per Share [Abstract]

Reconciliation of Weighted Average Common Shares Outstanding Used for Computation of Basic and Diluted Net Income per Common Share

The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income per common share:

	Fiscal Year Ended January 31,
	2021		2020		2019
Basic weighted-average common shares outstanding		97,817,651		99,833,011		108,303,594
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		705,125		755,666		1,402,413
Diluted weighted-average shares outstanding		98,522,776		100,588,677		109,706,007

Segment Reporting (Tables)

12 Months Ended

Jan. 31, 2021

Segment Reporting [Abstract]

Schedule of Operations by Segment

A summary of the information about the Company’s operations by segment is as follows:

	Fiscal Year
	2021			2020			2019
Net sales
Retail operations	$	3,228,200		$	3,648,938		$	3,604,170
Wholesale operations		216,937			340,869			357,363
Subscription operations		24,336			8,001			—
Intersegment elimination		(19,724	)		(14,019	)		(10,910	)
Total net sales	$	3,449,749		$	3,983,789		$	3,950,623
Income (loss) from operations
Retail operations	$	68,384		$	256,540		$	353,851
Wholesale operations		(10,180	)		42,315			68,516
Subscription operations		(18,367	)		(19,639	)		(3,423	)
Intersegment elimination		(494	)		257			399
Total segment operating income		39,343			279,473			419,343
General corporate expenses⁽¹⁾		(35,371	)		(47,548	)		(38,030	)
Total income from operations	$	3,972		$	231,925		$	381,313

(1)

General corporate expenses during fiscal 2021 benefitted from the recognition of COVID-19 related government relief packages.

	Fiscal Year
	2021		2020		2019
Depreciation expense for property and equipment
Retail operations	$	97,911	$	109,622	$	115,646
Wholesale operations		545		578		645
Subscription operations		3,741		1,350		—
Total depreciation expense for property and equipment	$	102,197	$	111,550	$	116,291
Inventory
Retail operations	$	348,797	$	347,837
Wholesale operations		40,821		61,697
Total inventory	$	389,618	$	409,534
Rental product, net ⁽¹⁾
Subscription operations	$	11,857	$	16,447
Total rental product, net	$	11,857	$	16,447

(1) Rental product, net is included in "Deferred income taxes and other assets" in the Consolidated Balance Sheets.

Property and equipment, net
Retail operations	$	938,020	$	859,918
Wholesale operations		2,096		2,577
Subscription operations		27,306		27,537
Total property and equipment, net	$	967,422	$	890,032
Cash paid for property and equipment
Retail operations	$	155,343	$	189,904	$	112,332
Wholesale operations		390		633		600
Subscription operations		3,509		26,896		1,992
Total cash paid for property and equipment	$	159,242	$	217,433	$	114,924

Schedule of Net Sales and Percentage of Net Sales by Merchandise Category

The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category:

	Fiscal Year
	2021			2020			2019
Net sales
Apparel ⁽¹⁾		2,111,828			2,596,926			2,636,170
Home ⁽²⁾		731,237			649,184			605,405
Accessories ⁽³⁾		411,927			517,219			498,824
Other ⁽⁴⁾		194,757			220,460			210,224
Total net sales		3,449,749			3,983,789			3,950,623

As a percentage of net sales
Apparel ⁽¹⁾		61	%		65	%		67	%
Home ⁽²⁾		21	%		16	%		15	%
Accessories ⁽³⁾		12	%		13	%		13	%
Other ⁽⁴⁾		6	%		6	%		5	%
Total net sales		100	%		100	%		100	%

(1) Apparel includes intimates and activewear
(2) Home includes home furnishings, electronics, gifts and decorative items
(3) Accessories includes footwear, jewelry and handbags
(4) Other includes beauty, shipping and handling, the Menus & Venues brand and the Subscription segment

Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment

The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows:

	Fiscal Year
	2021		2020		2019
Net Sales
Domestic operations	$	3,040,778	$	3,485,383	$	3,449,913
Foreign operations		408,971		498,406		500,710
Total net sales	$	3,449,749	$	3,983,789	$	3,950,623
Property and equipment, net
Domestic operations	$	768,440	$	763,411
Foreign operations		198,982		126,621
Total property and equipment, net	$	967,422	$	890,032

Nature of Business - Additional Information (Detail) $ in Thousands			12 Months Ended
	Sep. 16, 2020 USD ($)	Jun. 17, 2020 USD ($)	Jan. 31, 2021 USD ($) Store Location RetailLocation	Jan. 31, 2020 USD ($) Store	Jan. 31, 2019 USD ($)	Apr. 30, 2020 USD ($)
Nature Of Business [Line Items]
Number of stores for operations \| Store			644	634
Line of credit outstanding			$ 0
Impairment charges			$ 15,496	$ 14,611	$ 3,544
Number of retail locations \| RetailLocation			47
COVID-19
Nature Of Business [Line Items]
Line of credit outstanding						$ 220,000
Repaid of borrowing	$ 120,000	$ 100,000
Capital budget reduced delaying or cancelling projects			$ 100,000
Capital budget			260,000
New capital budget after delaying or cancelling projects			$ 160,000
Extention of payment terms for invoices			30 days
Impairment charges			$ 15,496
Number of retail locations \| Location			42
United States
Nature Of Business [Line Items]
Number of stores for operations \| Store			527	522
Europe
Nature Of Business [Line Items]
Number of stores for operations \| Store			83	78
Canada
Nature Of Business [Line Items]
Number of stores for operations \| Store			34	34

Activity of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]
Balance at beginning of year	$ 880	$ 1,499	$ 1,326
Additions	9,534	1,684	3,919
Deductions	(6,386)	(2,303)	(3,746)
Balance at end of year	$ 4,028	$ 880	$ 1,499

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2021 USD ($) Location	Jan. 31, 2020 USD ($) Location	Jan. 31, 2019 USD ($) Location
Summary Of Significant Accounting Policies [Line Items]
Amortization expense	$ 6,609	$ 3,051
Impairment charges	15,496	14,611	$ 3,544
Goodwill	$ 101,836	$ 51,900
Number of retail locations \| Location	42	8	4
Goodwill impairment		$ 13,911
Lessee, operating lease, description	Store leases have remaining lease terms that range from less than one year up to 15 years
Lessee, operating lease, existence of option to extend	true
Lessee, operating lease, option to extend	one or two 5-year periods
Payment terms of customers	30 days
Sales return reserve	$ 82,004	51,360	$ 51,990
Foreign currency translation losses	11,378	(1,403)	(16,585)
Accumulated Other Comprehensive Income (Loss)
Summary Of Significant Accounting Policies [Line Items]
Foreign currency translation losses	16,950	28,328
Unrealized gains (losses) on marketable securities, net of tax	(170)	324
Change in unrealized gains (losses) on marketable securities, tax	(236)	202	105
Selling, General and Administrative Expenses
Summary Of Significant Accounting Policies [Line Items]
Advertising expense	184,465	161,879	143,332
Web creative expenses	44,562	45,849	$ 41,334
Prepaid Expense and Other Current Assets
Summary Of Significant Accounting Policies [Line Items]
Advertising costs reported as prepaid expenses	$ 408	$ 1,381
Minimum
Summary Of Significant Accounting Policies [Line Items]
Lessee, operating lease, term of contract	1 year
Maximum
Summary Of Significant Accounting Policies [Line Items]
Lessee, operating lease, term of contract	15 years
Leasehold Improvements
Summary Of Significant Accounting Policies [Line Items]
Depreciable life (in years)	lesser of the lease term or useful life for leasehold improvements
Furniture and Fixtures
Summary Of Significant Accounting Policies [Line Items]
Average useful life (in years)	5 years
Building
Summary Of Significant Accounting Policies [Line Items]
Average useful life (in years)	39 years
Equipment \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Average useful life (in years)	3 years
Equipment \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Average useful life (in years)	10 years

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Revenue From Contract With Customer [Abstract]
Contract receivables, net of allowance for doubtful accounts	$ 89,952	$ 88,288	$ 80,461
Gift cards expected redemption period		2 years
Contract liabilities	61,986	$ 52,926	$ 49,747
Revenue recognized included in contract liability	$ 27,721	$ 31,380

Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities (Detail) - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 298,635	$ 308,082
Unrealized Gains	52	618
Unrealized (Losses)	(330)	(151)
Fair Value	298,357	308,549
Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	174,784	211,149
Unrealized Gains	12	341
Unrealized (Losses)	(101)	(37)
Fair Value	174,695	211,453
Short-term Investments \| Municipal And Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	127,097	38,617
Unrealized Gains	11	20
Unrealized (Losses)	(53)	(11)
Fair Value	127,055	38,626
Short-term Investments \| Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	38,695	166,790
Unrealized Gains	1	318
Unrealized (Losses)	(48)	(26)
Fair Value	38,648	167,082
Short-term Investments \| Commercial Paper
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	8,992	1,997
Fair Value	8,992	1,997
Short-term Investments \| Federal Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,152
Unrealized Gains		3
Fair Value		1,155
Short-term Investments \| Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		2,593
Fair Value		2,593
Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	123,851	96,933
Unrealized Gains	40	277
Unrealized (Losses)	(229)	(114)
Fair Value	123,662	97,096
Long-term Investments \| Municipal And Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	53,134	30,340
Unrealized Gains	17	35
Unrealized (Losses)	(46)	(17)
Fair Value	53,105	30,358
Long-term Investments \| Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	59,890	47,352
Unrealized Gains	3	205
Unrealized (Losses)	(129)	(40)
Fair Value	59,764	47,517
Long-term Investments \| Mutual Funds, Held in Rabbi Trust
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,827	8,448
Unrealized Gains	20	36
Unrealized (Losses)	(54)	(55)
Fair Value	$ 10,793	8,429
Long-term Investments \| Federal Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		6,926
Unrealized Gains		1
Unrealized (Losses)		(2)
Fair Value		6,925
Long-term Investments \| Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		3,867
Fair Value		$ 3,867

Marketable Securities - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2021 USD ($) Security	Jan. 31, 2020 USD ($) Security	Jan. 31, 2019 USD ($)
Schedule of Available-for-sale Securities [Line Items]
Sales and maturities of marketable securities	$ 396,260	$ 428,508	$ 267,072
Amortization of discounts and premiums, net	$ 1,574	$ 706	1,695
Total number of securities with unrealized loss positions within the Company's portfolio \| Security	184	83
Interest income
Schedule of Available-for-sale Securities [Line Items]
Net realized gain (loss)	$ (419)	$ 39	$ (22)

Gross Unrealized Losses and Fair Value of Marketable Securities (Detail) - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	$ 192,533	$ 93,446
Less Than 12 Months, Unrealized Losses	(330)	(151)
Total, Fair Value	192,533	93,446
Total, Unrealized Losses	(330)	(151)
Municipal And Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	90,308	24,975
Less Than 12 Months, Unrealized Losses	(99)	(28)
Total, Fair Value	90,308	24,975
Total, Unrealized Losses	(99)	(28)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	91,432	60,067
Less Than 12 Months, Unrealized Losses	(177)	(66)
Total, Fair Value	91,432	60,067
Total, Unrealized Losses	(177)	(66)
Mutual Funds, Held in Rabbi Trust
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	10,793	5,395
Less Than 12 Months, Unrealized Losses	(54)	(55)
Total, Fair Value	10,793	5,395
Total, Unrealized Losses	$ (54)	(55)
Federal Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value		3,009
Less Than 12 Months, Unrealized Losses		(2)
Total, Fair Value		3,009
Total, Unrealized Losses		$ (2)

Fair Value - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges	$ 15,496	$ 14,611	$ 3,544
Menus & Venues division
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges		$ 13,911

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Property Plant And Equipment [Abstract]
Land	$ 56,400	$ 38,279
Buildings	413,001	411,084
Furniture and fixtures	416,204	440,922
Leasehold improvements	860,963	923,711
Other operating equipment	369,001	349,416
Construction-in-progress	195,661	77,497
Property, Plant and Equipment, Gross, Total	2,311,230	2,240,909
Accumulated depreciation	(1,343,808)	(1,350,877)
Total	$ 967,422	$ 890,032

Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Property Plant And Equipment [Abstract]
Depreciation expense for property and equipment	$ 102,197	$ 111,550	$ 116,291

Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Payables And Accruals [Abstract]
Sales return reserves	$ 82,004	$ 51,360	$ 51,990
Gift cards and merchandise credits	48,171	44,906
Accrued sales and VAT taxes	19,104	16,820
Accrued rents, estimated property taxes and other property expenses	26,740	17,634
Federal, state and foreign income taxes	3,313	8,133
Accrued construction	38,569	10,556
Accrued investments in transit	52,800	6,342
Other current liabilities	88,546	49,514
Total	$ 359,247	$ 205,265

Debt - Additional Information (Detail) - USD ($)		12 Months Ended
Debt - Additional Information (Detail) - USD ($)	Jun. 29, 2018	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Line of Credit Facility [Line Items]
Line of credit outstanding		$ 0
Borrowing under debt		220,000,000
Repayments of debt		220,000,000
Interest expense		3,405,000	$ 1,202,000	$ 1,751,000
Stand-by letters of credit
Line of Credit Facility [Line Items]
Letter of credit outstanding		13,709,000
JPMorgan Chase Bank N. A. \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit agreement initiation date	Jun. 29, 2018
Credit facility maturity date	2023-06
Credit facility maximum borrowing capacity	$ 350,000,000
Additional line of credit facility	$ 150,000,000
Commitment fee percentage	0.20%
Interest expense		$ 2,720,000
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted LIBOR, CDOR or EURIBOR \| Minimum
Line of Credit Facility [Line Items]
Applicable margin	1.125%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted LIBOR, CDOR or EURIBOR \| Maximum
Line of Credit Facility [Line Items]
Applicable margin	1.375%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted ABR \| Minimum
Line of Credit Facility [Line Items]
Applicable margin	0.125%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted ABR \| Maximum
Line of Credit Facility [Line Items]
Applicable margin	0.375%

Leases - Additional Information (Detail) $ in Thousands	12 Months Ended
Leases - Additional Information (Detail) $ in Thousands	Jan. 31, 2021 USD ($) Store RetailLocation	Jan. 31, 2020 USD ($)
Leases [Abstract]
Operating lease costs	$ 275,493	$ 272,430
Variable lease cost	89,833	$ 126,492
Lease commitments for executed but not yet commenced leases	$ 12,337
Number of lease commitment not yet commenced \| Store	9
Total rent expense	$ 3,143
Number of retail locations \| RetailLocation	47

Other Information Related to Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 247,539	$ 295,658
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 149,586	$ 106,131
Weighted-average remaining lease term - operating leases	7 years	7 years 4 months 24 days
Weighted-average discount rate - operating leases	6.10%	6.30%

Schedule by Year of Maturities of Operating Leases Liabilities with Original Terms in Excess of One Year (Detail) $ in Thousands	Jan. 31, 2021 USD ($)
Leases [Abstract]
2022	$ 329,501
2023	265,666
2024	235,321
2025	198,388
2026	166,110
Thereafter	492,126
Total undiscounted future minimum lease payments	1,687,112
Less imputed interest	(358,400)
Total discounted future minimum lease payments	$ 1,328,712

Components of Income (Loss) before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income Tax Disclosure [Abstract]
Domestic	$ 13,103	$ 233,742	$ 336,823
Foreign	(9,590)	5,978	48,730
Income before income taxes	$ 3,513	$ 239,720	$ 385,553

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-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 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Components of Provision for Income Tax Expense or Benefit (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income Tax Disclosure [Abstract]
Current, Federal	$ 11,623	$ 50,507	$ 71,520
Current, State	894	13,525	18,088
Current, Foreign	4,030	6,141	9,356
Current income tax expense, total	16,547	70,173	98,964
Deferred, Federal	(7,801)	(3,260)	(6,818)
Deferred, State	(3,325)	(772)	965
Deferred, Foreign	(3,144)	5,483	(5,561)
Deferred income tax expense (benefit), total	(14,270)	1,451	(11,414)
Income tax expense (benefit), total	$ 2,277	$ 71,624	$ 87,550

Differences Between the Statutory U.S. Federal Income Tax Rate and the Company's Effective Tax Rate (Detail)	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income Tax Disclosure [Abstract]
Expected provision at statutory U.S. federal tax rate	21.00%	21.00%	21.00%
State and local income taxes, net of federal tax benefit	(88.10%)	4.20%	3.90%
Foreign taxes	56.90%	4.00%	(1.50%)
Net impact of U.S. tax reform			0.30%
Uncertain impact of U.S. tax reform	28.80%	0.50%	0.10%
Stock compensation	36.10%	0.20%	(0.60%)
Tax rate changes	8.50%	0.10%	0.50%
Prior year adjustments	15.70%	(0.30%)	(0.40%)
Federal tax credits	(16.00%)	(0.20%)	(0.10%)
Nondeductible expenses	8.60%	0.20%	0.10%
Tax exempt income	(3.40%)
Other	(3.30%)	0.20%	(0.60%)
Effective tax rate	64.80%	29.90%	22.70%

Significant Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Income Tax Disclosure [Abstract]
Prepaid expense	$ (2,191)	$ (2,393)
Depreciation	(34,476)	(32,311)
Operating lease right-of-use assets	(250,292)	(260,706)
Other temporary differences	(906)	(1,129)
Gross deferred tax liabilities	(287,865)	(296,539)
Operating lease liabilities	296,413	310,209
Deferred rent	6,685
Inventory	18,279	11,436
Accounts receivable	1,930	1,475
Net operating loss carryforwards	11,359	4,547
Tax uncertainties	1,611	1,336
Accrued salaries and benefits	16,711	17,534
Income tax credits	4,494	4,511
Other temporary differences	15,548	10,050
Gross deferred tax assets, before valuation allowances	373,030	361,098
Valuation allowances	(18,689)	(13,459)
Net deferred tax assets	$ 66,476	$ 51,100

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Income Taxes [Line Items]
Net deferred tax assets	$ 66,476,000	$ 51,100,000
Valuation allowance for certain other foreign and state net operating loss carryforwards	0
Cash and cash equivalents	395,635,000	221,839,000	$ 358,260,000	$ 282,220,000
Unrecognized tax benefit that, if recognized, would impact the effective tax rate	23,497,000	22,489,000
Recognized (benefit)/expense in interest and penalties	950,000	1,038,000	$ (449,000)
Accrued amounts for payment of interest and penalties	2,810,000	1,860,000
Unrecognized tax benefits, lower bound	0
Unrecognized tax benefits, upper bound	4,117,000
U.S. Federal
Income Taxes [Line Items]
Net deferred tax assets	34,037,000	25,972,000
Net operating loss carryforwards, do not expire	17,122,000
Net operating loss carryforwards	29,696,000
Tax credit carryforwards	$ 5,996,000
U.S. Federal \| Earliest Tax Year
Income Taxes [Line Items]
Expiration date	2021
Tax credit expiration date	2021
U.S. Federal \| Latest Tax Year
Income Taxes [Line Items]
Expiration date	2041
Tax credit expiration date	2031
State and Local Jurisdiction
Income Taxes [Line Items]
Net deferred tax assets	$ 19,084,000	15,858,000
Foreign Jurisdictions
Income Taxes [Line Items]
Net deferred tax assets	13,355,000	$ 9,270,000
Net operating loss carryforwards, expire 2019 through 2029	6,753,000
Net operating loss carryforwards, do not expire	30,695,000
Cash and cash equivalents	216,952,000
Accumulated undistributed earning	$ 379,089,000
Foreign Jurisdictions \| Earliest Tax Year
Income Taxes [Line Items]
Expiration date	2021
Foreign Jurisdictions \| Latest Tax Year
Income Taxes [Line Items]
Expiration date	2031

Reconciliation of Beginning and Ending Balances of Total Amounts of Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income Tax Disclosure [Abstract]
Balance at the beginning of the period	$ 21,924	$ 21,406	$ 4,546
Increases in tax positions for prior years	476	661	18,077
Decreases in tax positions for prior years	(51)	(101)	(921)
Increases in tax positions for current year	41	125	196
Lapse in statute of limitations	(131)	(167)	(492)
Balance at the end of the period	$ 22,259	$ 21,924	$ 21,406

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit associated with share-based compensation expense	$ 4,899	$ 5,230	$ 4,465
Tax benefit realized from share-based compensation	$ 2,528	$ 4,425	$ 8,309
Common shares per PSU	100.00%
2017 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized	10,000,000
Common shares available to grant	7,793,950
2008 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized	10,000,000
Common shares available to grant	5,403,169
2017 and 2008 Stock Incentive Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	7 years
2017 and 2008 Stock Incentive Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	10 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	1 year
Compensation cost of stock options granted but not yet vested	$ 0
Stock Options \| Non-employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	1 year
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost of stock options granted but not yet vested	$ 23,346
Weighted average grant date fair value	$ 25.31	$ 29.92	$ 36.55
Weighted average period of recognition (in years)	1 year 10 months 24 days
Vested, Shares	344,177
Aggregate grant date fair value, vested	$ 31.11	$ 26.86
Restricted Stock Units (RSUs) \| Non-employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	0
Restricted Stock Units (RSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	2 years
Restricted Stock Units (RSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	5 years
Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	5 years
Compensation cost of stock options granted but not yet vested	$ 0
Awards granted	0	0	0
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost of stock options granted but not yet vested	$ 1,808
Weighted average grant date fair value	$ 25.84	$ 30.19	$ 34.76
Weighted average period of recognition (in years)	2 years 2 months 12 days
Vested, Shares	113,331
Aggregate grant date fair value, vested	$ 28.58
Performance Stock Units (PSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	2 years
Performance Stock Units (PSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, maximum (in years)	5 years

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

$ 20,300

$ 21,109

$ 18,104

Stock Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

471

1,737

1,854

Stock Appreciation Rights (SARs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

Performance Stock Units (PSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

^[1]

181

3,483

2,463

Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

$ 19,648

$ 15,889

$ 13,783

[1]

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reversal of share-based compensation expense	$ 1,017	$ 803	$ 4,213
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, granted	154,000
Performance Stock Units (PSUs) \| Deferred Compensation, Share-based Payments
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, granted	87,997	54,356	313,077

Weighted Average Assumptions Used to Estimate Fair Value of Stock Options at Date of Grant (Detail) - Stock Options	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life, in years	5 years 3 months 18 days	5 years 4 months 24 days
Risk-free interest rate	1.90%	2.80%
Volatility	37.60%	35.60%

Summary of Stock Option Activity (Detail) - Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding at beginning of year, Shares	670,000
Exercised, Shares	(25,000)
Forfeited or Expired, Shares	(130,000)
Awards outstanding at end of year, Shares	515,000	670,000
Awards outstanding fully vested and expected to vest, Shares	515,000
Awards exercisable at end of year, Shares	515,000
Awards outstanding at beginning of year, Weighted Average Exercise Price	$ 32.94
Exercised, Weighted Average Exercise Price	19.80
Forfeited or Expired, Weighted Average Exercise Price	41.38
Awards outstanding at end of year, Weighted Average Exercise Price	31.45	$ 32.94
Awards outstanding fully vested and expected to vest, Weighted Average Exercise Price	31.45
Awards exercisable at end of year, Weighted Average Exercise Price	$ 31.45
Awards outstanding at end of year, Weighted Average Remaining Contractual Term (years)	3 years	3 years 10 months 24 days
Awards outstanding fully vested and expected to vest, Weighted Average Remaining Contractual Term (years)	3 years
Awards exercisable at end of year, Weighted Average Remaining Contractual Term (years)	3 years
Awards outstanding, Aggregate Intrinsic Value	$ 1,249	$ 964
Awards outstanding fully vested and expected to vest, Aggregate Intrinsic Value	1,249
Awards exercisable at end of year, Aggregate Intrinsic Value	$ 1,249

Summary of Other Information Related to Stock Options (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net cash proceeds from the exercise of stock options	$ 495	$ 974	$ 13,618
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value—per share		$ 8.67	$ 17.12
Intrinsic value of awards exercised	187	$ 307	$ 4,369
Net cash proceeds from the exercise of stock options	$ 495	$ 974	$ 13,618

Summary of Other Information Related to SAR's (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2019 USD ($)
Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of awards exercised	$ 1,451

Summary of Performance Share Units Activity (Detail) - Performance Stock Units (PSUs) - $ / shares	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested awards outstanding at beginning of year, Shares	742,466
Granted, Shares	154,000
Vested, Shares	(113,331)
Forfeited, Shares	(513,132)
Non-vested awards outstanding at end of year, Shares	270,003	742,466
Non-vested awards outstanding at beginning of year, Weighted average fair value	$ 24.60
Granted, Weighted average fair value	25.84	$ 30.19	$ 34.76
Vested, Weighted average fair value	28.58
Forfeited, Weighted average fair value	22.66
Non-vested awards outstanding at end of year, Weighted average fair value	$ 27.32	$ 24.60

Summary of Restricted Stock Unit's Activity (Detail) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested awards outstanding at beginning of year, Shares	1,655,341
Granted, Shares	903,600
Vested, Shares	(344,177)
Forfeited, Shares	(105,379)
Non-vested awards outstanding at end of year, Shares	2,109,385	1,655,341
Non-vested awards outstanding at beginning of year, Weighted average fair value	$ 31.03
Granted, Weighted average fair value	25.31	$ 29.92	$ 36.55
Vested, Weighted average fair value	31.11	26.86
Forfeited, Weighted average fair value	29.25
Non-vested awards outstanding at end of year, Weighted average fair value	$ 28.65	$ 31.03

Share Repurchase Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Equity, Class of Treasury Stock [Line Items]
Total cost	$ 10,912	$ 223,021	$ 131,642
Share repurchase program
Equity, Class of Treasury Stock [Line Items]
Number of common shares repurchased and subsequently retired	482,003	8,068,196
Total cost	$ 7,036	$ 217,421
Average cost per share, including commissions	$ 14.60	$ 26.95

Shareholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019	Jun. 04, 2019	Aug. 22, 2017
Equity, Class of Treasury Stock [Line Items]
Common shares authorized for repurchase, shares				20,000,000	20,000,000
Remaining common shares authorized for repurchase, shares	25,851,954
Stock repurchased and retired during period, total cost	$ 10,912	$ 223,021	$ 131,642
Employee Stock
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period shares	161,335	185,430
Stock repurchased and retired during period, total cost	$ 3,876	$ 5,600

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	$ 1,455,355	$ 1,489,098	$ 1,300,903
Other comprehensive income (loss) before reclassifications	11,303	(940)
Amounts reclassified from accumulated other comprehensive income (loss)	(419)	39
Total other comprehensive income (loss)	10,884	(901)	(16,452)
Ending Balance	1,477,358	1,455,355	1,489,098
Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(28,328)	(26,925)
Other comprehensive income (loss) before reclassifications	11,378	(1,403)
Total other comprehensive income (loss)	11,378	(1,403)
Ending Balance	(16,950)	(28,328)	(26,925)
Unrealized Gains and (Losses) on available- for-Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	324	(178)
Other comprehensive income (loss) before reclassifications	(75)	463
Amounts reclassified from accumulated other comprehensive income (loss)	(419)	39
Total other comprehensive income (loss)	(494)	502
Ending Balance	(170)	324	(178)
Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(28,004)	(27,103)	(10,651)
Ending Balance	$ (17,120)	$ (28,004)	$ (27,103)

- Definition

+ References + Details

Reconciliation of Weighted Average Common Shares Outstanding Used for Computation of Basic and Diluted Net Income per Common Share (Detail) - shares	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	97,817,651	99,833,011	108,303,594
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units	705,125	755,666	1,402,413
Diluted weighted-average shares outstanding	98,522,776	100,588,677	109,706,007

Net Income per Common Share - Additional Information (Detail) - $ / shares	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	467,500	406,250	281,875
Anti-dilutive common shares exercise price, minimum	$ 18.81	$ 28.47	$ 35.85
Anti-dilutive common shares exercise price, maximum	$ 46.42	$ 46.42	$ 46.42
Performance Stock Units (PSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	470,815	555,362

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Jan. 31, 2021 USD ($) $ / Employee_Contribution	Jan. 31, 2020 USD ($) $ / Employee_Contribution	Jan. 31, 2019 USD ($)
Commitments and Contingencies Disclosure [Line Items]
Commitments for un-fulfilled purchase orders	$ 672,133
Commitments with construction and distribution equipment contractors	291,803
Commitments with construction and distribution equipment contractors due with in one year	120,724
Commitments with construction And distribution equipment contractors due in more than one year	$ 171,079
U.S. based employees age limit to participate in 401(k) Saving Plan	18 years
Employer matching contribution per employee \| $ / Employee_Contribution	0.50	0.25
Percentage of employee contribution for first threshold limit of employer contribution	6.00%	6.00%
Employees contribution percentage vested	100.00%
Percentage of employers contribution per year vested	20.00%
Company's contribution to Savings Plan	$ 6,677,000	$ 7,094,000	$ 3,549,000
Nonqualified Deferred Compensation Plan
Commitments and Contingencies Disclosure [Line Items]
Employees contribution percentage vested	100.00%
Percentage of employers contribution per year vested	100.00%
Company's contribution to Savings Plan	$ 66,000	56,000	$ 46,000
Deferred compensation obligation	10,793,000	8,428,000
Aggregate market value of investments	$ 10,793,000	$ 8,428,000
Minimum
Commitments and Contingencies Disclosure [Line Items]
Percentage of compensation deferred by employees under Saving Plan	1.00%
Maximum
Commitments and Contingencies Disclosure [Line Items]
Percentage of compensation deferred by employees under Saving Plan	25.00%
Omni-Channel Fulfillment Center, Kansas City
Commitments and Contingencies Disclosure [Line Items]
Commitments with construction and distribution equipment contractors	$ 289,131
Trade Letter of credit
Commitments and Contingencies Disclosure [Line Items]
Letter of credit outstanding	$ 52,579

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Related Party Transactions [Abstract]
Fees paid	$ 1,018	$ 495	$ 1,052
Fees due	$ 67	$ 50

Segment Reporting - Additional Information (Detail)	12 Months Ended
Segment Reporting - Additional Information (Detail)	Jan. 31, 2021 Store Segment Restaurant Customer	Jan. 31, 2020 Store	Jan. 31, 2019
Segment Reporting Information [Line Items]
Number of reporting segments \| Segment	3
Number of stores	644	634
Segment net sales description	Subscription segment net sales accounted for less than 1.0% of consolidated net sales
Number of major customers exceeding ten percentage thresholds \| Customer	0
Retail Operations
Segment Reporting Information [Line Items]
Percentage of net sales	93.60%	91.60%	91.20%
Number of restaurants \| Restaurant	11
Retail Operations \| Urban Outfitters
Segment Reporting Information [Line Items]
Number of stores	247
Number of franchisee-owned stores	1
Retail Operations \| Anthropologie Group
Segment Reporting Information [Line Items]
Number of stores	237
Retail Operations \| Free People
Segment Reporting Information [Line Items]
Number of stores	149
Wholesale Operations
Segment Reporting Information [Line Items]
Percentage of net sales	5.70%	8.20%	8.80%

Schedule of Operations by Segment (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

Segment Reporting Information [Line Items]

Total net sales

$ 3,449,749

$ 3,983,789

$ 3,950,623

Total income from operations

3,972

231,925

381,313

General corporate expenses

^[1]

(35,371)

(47,548)

(38,030)

Total depreciation expense for property and equipment

102,197

111,550

116,291

Total inventory

389,618

409,534

Total rental product, net

^[2]

11,857

16,447

Total property and equipment, net

967,422

890,032

Total cash paid for property and equipment

159,242

217,433

114,924

Retail Operations

Segment Reporting Information [Line Items]

Total depreciation expense for property and equipment

97,911

109,622

115,646

Total inventory

348,797

347,837

Total property and equipment, net

938,020

859,918

Total cash paid for property and equipment

155,343

189,904

112,332

Wholesale Operations

Segment Reporting Information [Line Items]

Total depreciation expense for property and equipment

545

578

645

Total inventory

40,821

61,697

Total property and equipment, net

2,096

2,577

Total cash paid for property and equipment

390

633

600

Subscription Operations

Segment Reporting Information [Line Items]

Total depreciation expense for property and equipment

3,741

1,350

Total inventory

389,618

409,534

Total rental product, net

^[2]

11,857

16,447

Total property and equipment, net

27,306

27,537

Total cash paid for property and equipment

3,509

26,896

1,992

Operating Segments

Segment Reporting Information [Line Items]

Total net sales

3,449,749

3,983,789

3,950,623

Total income from operations

39,343

279,473

419,343

Operating Segments | Retail Operations

Segment Reporting Information [Line Items]

Total net sales

3,228,200

3,648,938

3,604,170

Total income from operations

68,384

256,540

353,851

Operating Segments | Wholesale Operations

Segment Reporting Information [Line Items]

Total net sales

216,937

340,869

357,363

Total income from operations

(10,180)

42,315

68,516

Operating Segments | Subscription Operations

Segment Reporting Information [Line Items]

Total net sales

24,336

8,001

Total income from operations

(18,367)

(19,639)

(3,423)

Intersegment Elimination

Segment Reporting Information [Line Items]

Total net sales

(19,724)

(14,019)

(10,910)

Total income from operations

$ (494)

$ 257

$ 399

[1]	General corporate expenses during fiscal 2021 benefitted from the recognition of COVID-19 related government relief packages.
[2]	Rental product, net is included in "Deferred income taxes and other assets" in the Consolidated Balance Sheets.

Schedule of Net Sales and Percentage of Net Sales by Merchandise Category (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

$ 3,449,749

$ 3,983,789

$ 3,950,623

Total net sales, percentage

100.00%

Apparel

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[1]

$ 2,111,828

$ 2,596,926

$ 2,636,170

Total net sales, percentage

^[1]

61.00%

65.00%

67.00%

Home

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[2]

$ 731,237

$ 649,184

$ 605,405

Total net sales, percentage

^[2]

21.00%

16.00%

15.00%

Accessories

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[3]

$ 411,927

$ 517,219

$ 498,824

Total net sales, percentage

^[3]

12.00%

13.00%

Other

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[4]

$ 194,757

$ 220,460

$ 210,224

Total net sales, percentage

^[4]

6.00%

5.00%

[1]	Apparel includes intimates and activewear
[2]	Home includes home furnishings, electronics, gifts and decorative items
[3]	Accessories includes footwear, jewelry and handbags
[4]	Other includes beauty, shipping and handling, the Menus & Venues brand and the Subscription segment

- 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

Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Segment Reporting Information [Line Items]
Total net sales	$ 3,449,749	$ 3,983,789	$ 3,950,623
Total property and equipment, net	967,422	890,032
Domestic Operations
Segment Reporting Information [Line Items]
Total net sales	3,040,778	3,485,383	3,449,913
Total property and equipment, net	768,440	763,411
Foreign Operations
Segment Reporting Information [Line Items]
Total net sales	408,971	498,406	$ 500,710
Total property and equipment, net	$ 198,982	$ 126,621

- Definition

+ References

+ Details

Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 298,357	$ 308,549
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	298,357	308,549
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	10,793	231,108
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	287,564	77,441
Fair Value, Measurements, Recurring \| Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	98,412	214,599
Fair Value, Measurements, Recurring \| Corporate Bonds \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis		214,599
Fair Value, Measurements, Recurring \| Corporate Bonds \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	98,412
Fair Value, Measurements, Recurring \| Municipal And Pre-Refunded Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	180,160	68,984
Fair Value, Measurements, Recurring \| Municipal And Pre-Refunded Municipal Bonds \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	180,160	68,984
Fair Value, Measurements, Recurring \| Mutual Funds, Held in Rabbi Trust
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	10,793	8,429
Fair Value, Measurements, Recurring \| Mutual Funds, Held in Rabbi Trust \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	10,793	8,429
Fair Value, Measurements, Recurring \| Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	8,992	1,997
Fair Value, Measurements, Recurring \| Commercial Paper \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 8,992	1,997
Fair Value, Measurements, Recurring \| Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis		6,460
Fair Value, Measurements, Recurring \| Certificates of Deposit \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis		6,460
Fair Value, Measurements, Recurring \| Federal Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis		8,080
Fair Value, Measurements, Recurring \| Federal Government Agencies \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis		$ 8,080