0001564590-22-022876 | 10-Q | XBRL Viewer

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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Apr. 30, 2022	Jun. 03, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	URBN
Entity Registrant Name	Urban Outfitters, Inc.
Entity Central Index Key	0000912615
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Common Shares, par value $.0001 per share
Entity File Number	000-22754
Security Exchange Name	NASDAQ
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 Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		92,664,695

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Current assets:
Cash and cash equivalents	$ 71,640	$ 206,575	$ 364,247
Marketable securities	187,563	239,420	164,430
Accounts receivable, net of allowance for doubtful accounts of $1,153, $1,348 and $2,155, respectively	97,058	63,760	85,307
Inventory	629,953	569,699	477,777
Prepaid expenses and other current assets	221,905	206,293	189,268
Total current assets	1,208,119	1,285,747	1,281,029
Property and equipment, net	1,149,772	1,145,085	988,973
Operating lease right-of-use assets	967,639	1,000,255	1,093,037
Marketable securities	179,458	223,557	100,680
Deferred income taxes and other assets	137,322	136,703	115,888
Total Assets	3,642,310	3,791,347	3,579,607
Current liabilities:
Accounts payable	296,673	304,246	251,944
Current portion of operating lease liabilities	227,533	236,315	246,226
Accrued expenses, accrued compensation and other current liabilities	395,949	440,912	393,430
Total current liabilities	920,155	981,473	891,600
Non-current portion of operating lease liabilities	913,380	951,080	1,060,228
Deferred rent and other liabilities	112,854	113,054	93,270
Total Liabilities	1,946,389	2,045,607	2,045,098
Commitments and contingencies (see Note 12)
Shareholders’ equity:
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued
Common shares; $.0001 par value, 200,000,000 shares authorized, 94,434,621, 96,431,044 and 98,235,127 shares issued and outstanding, respectively	9	10	10
Additional paid-in-capital			17,585
Retained earnings	1,740,508	1,770,560	1,528,655
Accumulated other comprehensive loss	(44,596)	(24,830)	(11,741)
Total Shareholders’ Equity	1,695,921	1,745,740	1,534,509
Total Liabilities and Shareholders’ Equity	$ 3,642,310	$ 3,791,347	$ 3,579,607

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Statement Of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,153	$ 1,348	$ 2,155
Preferred shares, par value	$ 0.0001	$ 0.0001	$ 0.0001
Preferred shares, shares authorized	10,000,000	10,000,000	10,000,000
Preferred shares, shares issued	0	0	0
Common shares, par value	$ 0.0001	$ 0.0001	$ 0.0001
Common shares, shares authorized	200,000,000	200,000,000	200,000,000
Common shares, shares issued	94,434,621	96,431,044	98,235,127
Common shares, shares outstanding	94,434,621	96,431,044	98,235,127

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Income Statement [Abstract]
Net sales	$ 1,051,934	$ 927,415
Cost of sales	728,633	626,764
Gross profit	323,301	300,651
Selling, general and administrative expenses	277,064	227,148
Income from operations	46,237	73,503
Other loss, net	(1,989)	(155)
Income before income taxes	44,248	73,348
Income tax expense	12,715	19,801
Net income	$ 31,533	$ 53,547
Net income per common share:
Basic	$ 0.33	$ 0.55
Diluted	$ 0.33	$ 0.54
Weighted-average common shares outstanding:
Basic	95,479,927	98,108,245
Diluted	96,347,211	99,322,220

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 31,533	$ 53,547
Other comprehensive (loss) income:
Foreign currency translation	(14,389)	5,422
Change in unrealized gains (losses) on marketable securities, net of tax	(5,377)	(43)
Total other comprehensive (loss) income	(19,766)	5,379
Comprehensive income	$ 11,767	$ 58,926

- Definition

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

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+ Details

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance at Jan. 31, 2021	$ 1,477,358	$ 10	$ 19,360	$ 1,475,108	$ (17,120)
Beginning Balances (in shares) at Jan. 31, 2021		97,815,985
Comprehensive income	58,926			53,547	5,379
Share-based compensation	4,570		4,570
Share-based awards	1,073		1,073
Share-based awards (in shares)		637,836
Share repurchases	(7,418)		(7,418)
Share repurchases (in shares)		(218,694)
Ending Balance at Apr. 30, 2021	$ 1,534,509	$ 10	17,585	1,528,655	(11,741)
Ending Balances (in shares) at Apr. 30, 2021	98,235,127	98,235,127
Beginning Balance at Jan. 31, 2022	$ 1,745,740	$ 10		1,770,560	(24,830)
Beginning Balances (in shares) at Jan. 31, 2022	96,431,044	96,431,044
Comprehensive income	$ 11,767			31,533	(19,766)
Share-based compensation	7,102		7,102
Share-based awards (in shares)		669,683
Share repurchases	(68,688)	$ (1)	$ (7,102)	(61,585)
Share repurchases (in shares)		(2,666,106)
Ending Balance at Apr. 30, 2022	$ 1,695,921	$ 9		$ 1,740,508	$ (44,596)
Ending Balances (in shares) at Apr. 30, 2022	94,434,621	94,434,621

- 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.

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+ Details

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Cash flows from operating activities:
Net income	$ 31,533	$ 53,547
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	26,702	25,633
Non-cash lease expense	47,980	45,422
Provision for deferred income taxes	7,420	37
Share-based compensation expense	7,102	4,570
Loss on disposition of property and equipment, net	85	121
Changes in assets and liabilities:
Receivables	(34,109)	4,760
Inventory	(64,511)	(87,427)
Prepaid expenses and other assets	(22,913)	(1,355)
Payables, accrued expenses and other liabilities	(15,184)	43,442
Operating lease liabilities	(63,662)	(51,644)
Net cash (used in) provided by operating activities	(79,557)	37,106
Cash flows from investing activities:
Cash paid for property and equipment	(73,723)	(42,589)
Cash paid for marketable securities	(18,703)	(94,889)
Sales and maturities of marketable securities	106,043	73,848
Net cash provided by (used in) investing activities	13,617	(63,630)
Cash flows from financing activities:
Proceeds from the exercise of stock options		1,073
Share repurchases related to share repurchase program	(62,052)
Share repurchases related to taxes for share-based awards	(6,636)	(7,418)
Net cash used in financing activities	(68,688)	(6,345)
Effect of exchange rate changes on cash and cash equivalents	(307)	1,481
Decrease in cash and cash equivalents	(134,935)	(31,388)
Cash and cash equivalents at beginning of period	206,575	395,635
Cash and cash equivalents at end of period	71,640	364,247
Cash paid during the year for:
Income taxes	1,476	1,095
Non-cash investing activities—Accrued capital expenditures	$ 23,914	$ 40,018

Basis of Presentation

3 Months Ended

Apr. 30, 2022

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These condensed financial statements should be read in conjunction with Urban Outfitters, Inc.’s (the “Company’s”) Annual Report on Form 10-K for the fiscal year ended January 31, 2022, filed with the United States Securities and Exchange Commission on April 1, 2022.

The Company’s business experiences seasonal fluctuations in net sales and net income, with a more significant portion typically realized in the second half of each year predominantly due to the year-end holiday period. Historically, and consistent with the retail industry, this seasonality also impacts our working capital requirements, particularly with regard to inventory. Accordingly, the results of operations for the three months ended April 30, 2022 are not necessarily indicative of the results to be expected for the full year.

The Company’s fiscal year ends on January 31. All references in these notes to the Company’s fiscal years refer to the fiscal years ended on January 31 in those years. For example, the Company’s fiscal year 2023 will end on January 31, 2023.

Recent Accounting Pronouncements

The Company has considered all new accounting standards updates issued by the Financial Accounting Standards Board (“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.

Impact of the Coronavirus Pandemic

3 Months Ended

Apr. 30, 2022

Extraordinary And Unusual Items [Abstract]

Impact of the Coronavirus Pandemic

2. Impact of the Coronavirus Pandemic

Impact of the Coronavirus Pandemic on Fiscal 2022

The COVID-19 pandemic continued to negatively impact the Company’s store operations during the beginning of fiscal 2022 with residual impacts on store traffic and store sales resulting from store closures, primarily in Europe and Canada, occupancy restrictions and reduced store hours globally. During the second quarter of fiscal 2022, all remaining COVID-19 government mandated store closures in Europe and Canada expired, although some capacity restrictions continued in certain European and Canadian stores. The COVID-19 pandemic and general unfavorable macro-economic conditions also disrupted the Company’s global supply chain in fiscal 2022, leading to COVID-19 related factory and port closures, continued port congestion and shipping delays, which resulted in inventory receipt delays and an increase in inbound transportation costs. The Company made a strategic decision to start bringing certain product categories in earlier in the third and fourth quarters of fiscal 2022 in an attempt to minimize the impact of such disruptions on the ability to fulfill customer demand.

Impact of the Coronavirus Pandemic and Macroeconomic Uncertainties on Fiscal 2023 and Future Operations

The COVID-19 pandemic and its effects on the global economy continued to impact the Company’s operations during the first quarter of fiscal 2023 and related government and private sector responsive actions could continue to affect its business operations. The Company continues to experience COVID-19 related supply chain disruptions resulting in inventory receipt delays. Furthermore, the Company expects that our operations will continue to be influenced by general economic conditions resulting from COVID-19, such as labor shortages and the impact of inflation, including higher wages, increased merchandise costs and higher inbound transportation costs. In response, the Company is continuing to bring in certain merchandise earlier and diversify our supply chain. The Company cannot reasonably estimate the duration and severity of the COVID-19 pandemic or its effects on the

global economy, which have had and may continue to have a material impact on its business. As a result, current financial information may not be necessarily indicative of future operating results and the Company’s plans to address the impact of the COVID-19 pandemic may change. Additionally, ongoing global issues may affect our business and the global economy, including the geopolitical impact of Russia’s invasion of Ukraine and any related economic or other sanctions.

Revenue from Contracts with Customers

3 Months Ended

Apr. 30, 2022

Revenue From Contract With Customer [Abstract]

Revenue from Contract with Customers

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, debit card and alternative payment method transactions throughout all segments and sales to the Company’s Wholesale segment customers and franchisees. For the three month period ended April 30, 2022, the opening and closing balances of contract receivables, net of allowance for doubtful accounts, were $63,760 and $97,058, respectively. For the three month period ended April 30, 2021, the opening and closing balances of contract receivables, net of allowance for doubtful accounts, were $89,952 and $85,307, respectively. Contract receivables are included in “Accounts receivable, net of allowance for doubtful accounts” in the Condensed Consolidated Balance Sheets.

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 three month period ended April 30, 2022, the opening and closing balances of contract liabilities were $78,717 and $71,590, respectively. For the three month period ended April 30, 2021, the opening and closing balances of contract liabilities were $61,986 and $63,970, respectively. Contract liabilities are included in “Accrued expenses, accrued compensation and other current liabilities” in the Condensed Consolidated Balance Sheets. During the three month period ended April 30, 2022, the Company recognized $18,340 of revenue that was included in the contract liability balance at the beginning of the period. During the three month period ended April 30, 2021, the Company recognized $14,157 of revenue that was included in the contract liability balance at the beginning of the period.

- 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 https://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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
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-Paragraph 13
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 12
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
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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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Marketable Securities

3 Months Ended

Apr. 30, 2022

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 value of available-for-sale securities by major security type and class of security as of April 30, 2022, January 31, 2022 and April 30, 2021 were as follows:

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		(Losses)			Value
As of April 30, 2022
Short-term Investments:
Corporate bonds	$	85,474	$	—	$	(857	)	$	84,617
Municipal and pre-refunded municipal bonds		86,134		—		(633	)		85,501
US Treasury securities		9,749		—		(93	)		9,656
Commercial paper		7,789		—		—			7,789
		189,146		—		(1,583	)		187,563
Long-term Investments:
Corporate bonds		117,403		—		(4,904	)		112,499
Municipal and pre-refunded municipal bonds		53,928		—		(2,081	)		51,847
US Treasury securities		3,226		—		(138	)		3,088
Mutual funds, held in rabbi trust		12,393		—		(956	)		11,437
Federal government agencies		350		—		(12	)		338
Certificates of deposit		249		—		—			249
		187,549		—		(8,091	)		179,458
	$	376,695	$	—	$	(9,674	)	$	367,021
As of January 31, 2022
Short-term Investments:
Corporate bonds	$	85,062	$	1	$	(200	)	$	84,863
Municipal and pre-refunded municipal bonds		128,984		1		(273	)		128,712
US Treasury securities		14,999		—		(38	)		14,961
Commercial paper		10,884		—		—			10,884
		239,929		2		(511	)		239,420
Long-term Investments:
Corporate bonds		148,830		—		(2,478	)		146,352
Municipal and pre-refunded municipal bonds		60,533		1		(912	)		59,622
US Treasury securities		5,222		—		(46	)		5,176
Mutual funds, held in rabbi trust		12,419		—		(606	)		11,813
Federal government agencies		350		—		(5	)		345
Certificates of deposit		249		—		—			249
		227,603		1		(4,047	)		223,557
	$	467,532	$	3	$	(4,558	)	$	462,977

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		(Losses)			Value
As of April 30, 2021
Short-term Investments:
Corporate bonds	$	48,500	$	1	$	(49	)	$	48,452
Municipal and pre-refunded municipal bonds		106,266		5		(84	)		106,187
Commercial paper		9,791		—		—			9,791
		164,557		6		(133	)		164,430
Long-term Investments:
Corporate bonds		48,850		2		(111	)		48,741
Municipal and pre-refunded municipal bonds		40,085		17		(48	)		40,054
Mutual funds, held in rabbi trust		11,448		437		—			11,885
		100,383		456		(159	)		100,680
	$	264,940	$	462	$	(292	)	$	265,110

Proceeds from the sales and maturities of available-for-sale securities were $106,043 and $73,848 for the three months ended April 30, 2022 and 2021, respectively. The Company included in “Other loss, net,” in the Condensed Consolidated Statements of Income, a net realized loss of $112 and $0 for the three months ended April 30, 2022 and 2021, respectively. Amortization of discounts and premiums, net, resulted in a reduction of “Other loss, net” of $1,657 and $1,338 for the three months ended April 30, 2022 and 2021, 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 “Other loss, net” in the Condensed Consolidated Statements of Income.

Fair Value

3 Months Ended

Apr. 30, 2022

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
	April 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	197,116	$	—	$	197,116
Municipal and pre-refunded municipal bonds		—		137,348		—		137,348
US Treasury securities		—		12,744		—		12,744
Mutual funds, held in rabbi trust		11,437		—		—		11,437
Commercial paper		—		7,789		—		7,789
Federal government agencies		—		338		—		338
Certificates of deposit		—		249		—		249
	$	11,437	$	355,584	$	—	$	367,021

	Marketable Securities Fair Value as of
	January 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	231,215	$	—	$	231,215
Municipal and pre-refunded municipal bonds		—		188,334		—		188,334
US Treasury securities		—		20,137		—		20,137
Mutual funds, held in rabbi trust		11,813		—		—		11,813
Commercial paper		—		10,884		—		10,884
Federal government agencies		—		345		—		345
Certificates of deposit		—		249		—		249
	$	11,813	$	451,164	$	—	$	462,977

	Marketable Securities Fair Value as of
	April 30, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	97,193	$	—	$	97,193
Municipal and pre-refunded municipal bonds		—		146,241		—		146,241
Mutual funds, held in rabbi trust		11,885		—		—		11,885
Commercial paper		—		9,791		—		9,791
	$	11,885	$	253,225	$	—	$	265,110

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 April 30, 2022, January 31, 2022 and April 30, 2021.

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 April 30, 2022, January 31, 2022 and April 30, 2021, 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.

Non-financial assets

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

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.

- 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

Debt

3 Months Ended

Apr. 30, 2022

Debt Disclosure [Abstract]

Debt

6. 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, SONIA 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. 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 April 30, 2022, the Company had $0 in borrowings under the Amended Credit Facility. As of April 30, 2022, the Company was in compliance with the terms of the Amended Credit Agreement, and 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 $12,456. Interest expense for the Amended Credit Facility was $257 for each of the three months ended April 30, 2022 and 2021, which was included in “Other loss, net” in the Condensed Consolidated Statements of Income.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Section 50
-Paragraph 1B
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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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-Section S99
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-Subparagraph (SX 210.4-08(c))
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+ Details

Leases

3 Months Ended

Apr. 30, 2022

Leases [Abstract]

Leases

7. 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 $63,699 and $68,708 during the three months ended April 30, 2022 and 2021, respectively. Total variable lease costs were $32,572 and $20,502 during the three months ended April 30, 2022 and 2021, respectively. Short-term lease costs and sublease income were not material during the three months ended April 30, 2022 and April 30, 2021.

The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of April 30, 2022:

	Operating
	Leases
Fiscal Year
2023 (excluding the three months ended April 30, 2022)	$	219,665
2024		261,007
2025		223,963
2026		189,284
2027		136,543
Thereafter		359,236
Total undiscounted future minimum lease payments		1,389,698
Less imputed interest		(248,785	)
Total discounted future minimum lease payments	$	1,140,913

As of April 30, 2022, the Company had commitments of approximately $25,645 not included in the amounts above related to 12 executed but not yet commenced leases.

In response to the COVID-19 pandemic and mandated store closures, the Company withheld certain minimum lease payments due to landlords. The amounts withheld at April 30, 2022 and 2021 were included in “Current portion of operating lease liabilities” in the Condensed Consolidated Balance Sheets.

Share-Based Compensation

3 Months Ended

Apr. 30, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation

8. Share-Based Compensation

The Company maintains stock incentive plans pursuant to which it can grant restricted shares, unrestricted shares, incentive stock options, non-qualified stock options, restricted stock units (“RSU’s”), performance stock units (“PSU’s”) or stock appreciation rights (“SAR’s”). The fair value of PSU’s and RSU’s is equal to the stock price on the date of the grant. Share-based compensation expense included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Income, for the three months ended April 30, 2022 and 2021, was as follows:

	Three Months Ended
	April 30,
	2022		2021
Performance Stock Units	$	1,137	$	399
Restricted Stock Units		5,965		4,171
Total	$	7,102	$	4,570

Share-based awards granted and the weighted-average fair value of such awards for the three months ended April 30, 2022 was as follows:


	April 30, 2022
			Weighted-
	Awards		Average Fair
	Granted		Value
Performance Stock Units		167,500	$	25.38
Restricted Stock Units		945,600	$	25.38
Total		1,113,100

During the three months ended April 30, 2022, 80,001 PSU’s vested and 589,682 RSU’s vested.

The total unrecognized compensation cost related to outstanding share-based awards and the weighted-average period in which the cost is expected to be recognized as of April 30, 2022 was as follows:

	April 30, 2022
	Unrecognized		Weighted-
	Compensation		Average
	Cost		Years
Performance Stock Units	$	9,786		2.4
Restricted Stock Units		50,293		2.3
Total	$	60,079

Shareholders' Equity

3 Months Ended

Apr. 30, 2022

Equity [Abstract]

Shareholders' Equity

9. Shareholders’ Equity

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

	Three Months Ended
	April 30,
	2022		2021
Number of common shares repurchased and subsequently retired		2,422,058		—
Total cost	$	62,052	$	—
Average cost per share, including commissions	$	25.62	$	—

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 April 30, 2022, 21,470,737 common shares were remaining under the programs.

Subsequent to April 30, 2022, the Company repurchased and subsequently retired a total of 1,769,926 common shares for approximately $38,052, at an average price of $21.50 per share, including commissions.

During the three months ended April 30, 2022, the Company acquired and subsequently retired 244,048 common shares at a total cost of $6,636 from employees to meet payroll tax withholding requirements on vested awards. During the three months ended April 30, 2021, the Company acquired and subsequently retired 218,694 common shares at a total cost of $7,418 from employees to meet payroll tax withholding requirements on vested awards.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

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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-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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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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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

3 Months Ended

Apr. 30, 2022

Equity [Abstract]

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

10. 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 three months ended April 30, 2022 and 2021:

	Three Months Ended April 30, 2022
				Unrealized Gains
	Foreign			and (Losses) on
	Currency			Available-for-
	Translation			Sale Securities			Total
Balance at beginning of period	$	(22,204	)	$	(2,626	)	$	(24,830	)
Other comprehensive income (loss) before reclassifications		(14,389	)		(5,265	)		(19,654	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			(112	)		(112	)
Net current-period other comprehensive income (loss)		(14,389	)		(5,377	)		(19,766	)
Balance at end of period	$	(36,593	)	$	(8,003	)	$	(44,596	)

	Three Months Ended April 30, 2021
				Unrealized Gains
	Foreign			and (Losses) on
	Currency			Available-for-
	Translation			Sale Securities			Total
Balance at beginning of period	$	(16,950	)	$	(170	)	$	(17,120	)
Other comprehensive income (loss) before reclassifications		5,422			(43	)		5,379
Amounts reclassified from accumulated other comprehensive income (loss)		—			—			—
Net current-period other comprehensive income (loss)		5,422			(43	)		5,379
Balance at end of period	$	(11,528	)	$	(213	)	$	(11,741	)

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

Net Income per Common Share

3 Months Ended

Apr. 30, 2022

Earnings Per Share [Abstract]

Net Income per Common Share

11. 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:

	Three Months Ended
	April 30,
	2022		2021
Basic weighted-average common shares outstanding		95,479,927		98,108,245
Effect of dilutive options, performance stock units and restricted stock units		867,284		1,213,975
Diluted weighted-average shares outstanding		96,347,211		99,322,220

For the three months ended April 30, 2022 and 2021, awards to purchase 200,000 common shares ranging in price from $28.47 to $46.42 and 200,000 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.

Excluded from the calculation of diluted net income per common share as of April 30, 2022 and April 30, 2021, were 197,501 and 161,254 performance-based equity awards, respectively, because they did not meet the required performance criteria.

Commitments and Contingencies

3 Months Ended

Apr. 30, 2022

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

12. Commitments and 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.

Segment Reporting

3 Months Ended

Apr. 30, 2022

Segment Reporting [Abstract]

Segment Reporting

13. 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 “Nuuly.”

The Company’s Retail segment consists of the Anthropologie, Bhldn, Free People, FP Movement, Terrain, Urban Outfitters and Menus & Venues brands. 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 retail locations, websites, mobile applications, catalogs and customer contact centers.

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 Nuuly segment consists of the Nuuly brand, which offers customers a more sustainable way to explore fashion. Nuuly Rent is a monthly women’s apparel subscription rental service. Nuuly Thrift, which launched in October 2021, is a peer-to-peer resale marketplace where customers can buy and sell women’s, men’s and kids’ clothes, shoes and accessories.

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. The Company accounts for intersegment sales and transfers as if the sales and transfers were made to third parties making similar volume purchases. 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 Nuuly segment are rental product and property and equipment.

The accounting policies of the reportable segments are the same as the policies described in Note 2, “Summary of Significant Accounting Policies,” in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2022. 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:

	Three Months Ended
	April 30,
	2022			2021
Net sales
Retail operations	$	963,435		$	857,486
Wholesale operations		69,071			66,578
Nuuly operations		22,849			7,820
Intersegment elimination		(3,421	)		(4,469	)
Total net sales	$	1,051,934		$	927,415
Income (loss) from operations
Retail operations	$	55,541		$	74,045
Wholesale operations		9,705			14,180
Nuuly operations		(3,751	)		(3,282	)
Intersegment elimination		413			81
Total segment operating income (loss)		61,908			85,024
General corporate expenses		(15,671	)		(11,521	)
Total income (loss) from operations	$	46,237		$	73,503

	April 30,		January 31,		April 30,
	2022		2022		2021
Inventory
Retail operations	$	569,845	$	507,510	$	425,905
Wholesale operations		60,108		62,189		51,872
Total inventory	$	629,953	$	569,699	$	477,777
Rental product, net ⁽¹⁾
Nuuly operations	$	42,598	$	32,075	$	10,239
Total rental product, net	$	42,598	$	32,075	$	10,239

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

Property and equipment, net
Retail operations	$	1,117,689	$	1,113,294	$	958,855
Wholesale operations		1,293		1,458		1,936
Nuuly operations		30,790		30,333		28,182
Total property and equipment, net	$	1,149,772	$	1,145,085	$	988,973

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

	Three Months Ended
	April 30,
	2022			2021
Net sales
Apparel ⁽¹⁾	$	698,487		$	607,802
Home ⁽²⁾		162,810			173,386
Accessories ⁽³⁾		119,805			101,654
Other ⁽⁴⁾		70,832			44,573
Total net sales	$	1,051,934		$	927,415

As a percentage of net sales
Apparel ⁽¹⁾		66	%		65	%
Home ⁽²⁾		16	%		19	%
Accessories ⁽³⁾		11	%		11	%
Other ⁽⁴⁾		7	%		5	%
Total net sales		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 Nuuly 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:

	April 30,		January 31,		April 30,
	2022		2022		2021
Property and equipment, net
Domestic operations	$	983,569	$	965,777	$	789,456
Foreign operations		166,203		179,308		199,517
Total property and equipment, net	$	1,149,772	$	1,145,085	$	988,973

	Three Months Ended
	April 30,
	2022		2021
Net Sales
Domestic operations	$	913,564	$	826,795
Foreign operations		138,370		100,620
Total net sales	$	1,051,934	$	927,415

- 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
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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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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-URI https://asc.fasb.org/topic&trid=2134510

+ Details

Marketable Securities (Tables)

3 Months Ended

Apr. 30, 2022

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 value of available-for-sale securities by major security type and class of security as of April 30, 2022, January 31, 2022 and April 30, 2021 were as follows:

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		(Losses)			Value
As of April 30, 2022
Short-term Investments:
Corporate bonds	$	85,474	$	—	$	(857	)	$	84,617
Municipal and pre-refunded municipal bonds		86,134		—		(633	)		85,501
US Treasury securities		9,749		—		(93	)		9,656
Commercial paper		7,789		—		—			7,789
		189,146		—		(1,583	)		187,563
Long-term Investments:
Corporate bonds		117,403		—		(4,904	)		112,499
Municipal and pre-refunded municipal bonds		53,928		—		(2,081	)		51,847
US Treasury securities		3,226		—		(138	)		3,088
Mutual funds, held in rabbi trust		12,393		—		(956	)		11,437
Federal government agencies		350		—		(12	)		338
Certificates of deposit		249		—		—			249
		187,549		—		(8,091	)		179,458
	$	376,695	$	—	$	(9,674	)	$	367,021
As of January 31, 2022
Short-term Investments:
Corporate bonds	$	85,062	$	1	$	(200	)	$	84,863
Municipal and pre-refunded municipal bonds		128,984		1		(273	)		128,712
US Treasury securities		14,999		—		(38	)		14,961
Commercial paper		10,884		—		—			10,884
		239,929		2		(511	)		239,420
Long-term Investments:
Corporate bonds		148,830		—		(2,478	)		146,352
Municipal and pre-refunded municipal bonds		60,533		1		(912	)		59,622
US Treasury securities		5,222		—		(46	)		5,176
Mutual funds, held in rabbi trust		12,419		—		(606	)		11,813
Federal government agencies		350		—		(5	)		345
Certificates of deposit		249		—		—			249
		227,603		1		(4,047	)		223,557
	$	467,532	$	3	$	(4,558	)	$	462,977

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		(Losses)			Value
As of April 30, 2021
Short-term Investments:
Corporate bonds	$	48,500	$	1	$	(49	)	$	48,452
Municipal and pre-refunded municipal bonds		106,266		5		(84	)		106,187
Commercial paper		9,791		—		—			9,791
		164,557		6		(133	)		164,430
Long-term Investments:
Corporate bonds		48,850		2		(111	)		48,741
Municipal and pre-refunded municipal bonds		40,085		17		(48	)		40,054
Mutual funds, held in rabbi trust		11,448		437		—			11,885
		100,383		456		(159	)		100,680
	$	264,940	$	462	$	(292	)	$	265,110

Fair Value (Tables)

3 Months Ended

Apr. 30, 2022

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
	April 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	197,116	$	—	$	197,116
Municipal and pre-refunded municipal bonds		—		137,348		—		137,348
US Treasury securities		—		12,744		—		12,744
Mutual funds, held in rabbi trust		11,437		—		—		11,437
Commercial paper		—		7,789		—		7,789
Federal government agencies		—		338		—		338
Certificates of deposit		—		249		—		249
	$	11,437	$	355,584	$	—	$	367,021

	Marketable Securities Fair Value as of
	January 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	231,215	$	—	$	231,215
Municipal and pre-refunded municipal bonds		—		188,334		—		188,334
US Treasury securities		—		20,137		—		20,137
Mutual funds, held in rabbi trust		11,813		—		—		11,813
Commercial paper		—		10,884		—		10,884
Federal government agencies		—		345		—		345
Certificates of deposit		—		249		—		249
	$	11,813	$	451,164	$	—	$	462,977

	Marketable Securities Fair Value as of
	April 30, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	97,193	$	—	$	97,193
Municipal and pre-refunded municipal bonds		—		146,241		—		146,241
Mutual funds, held in rabbi trust		11,885		—		—		11,885
Commercial paper		—		9,791		—		9,791
	$	11,885	$	253,225	$	—	$	265,110

Leases (Tables)

3 Months Ended

Apr. 30, 2022

Leases [Abstract]

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 April 30, 2022:

	Operating
	Leases
Fiscal Year
2023 (excluding the three months ended April 30, 2022)	$	219,665
2024		261,007
2025		223,963
2026		189,284
2027		136,543
Thereafter		359,236
Total undiscounted future minimum lease payments		1,389,698
Less imputed interest		(248,785	)
Total discounted future minimum lease payments	$	1,140,913

Share-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

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

Share-based compensation expense included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Income, for the three months ended April 30, 2022 and 2021, was as follows:

	Three Months Ended
	April 30,
	2022		2021
Performance Stock Units	$	1,137	$	399
Restricted Stock Units		5,965		4,171
Total	$	7,102	$	4,570

Schedule of Share Based Awards Issued and Weighted Average Fair Value

Share-based awards granted and the weighted-average fair value of such awards for the three months ended April 30, 2022 was as follows:


	April 30, 2022
			Weighted-
	Awards		Average Fair
	Granted		Value
Performance Stock Units		167,500	$	25.38
Restricted Stock Units		945,600	$	25.38
Total		1,113,100

Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition

The total unrecognized compensation cost related to outstanding share-based awards and the weighted-average period in which the cost is expected to be recognized as of April 30, 2022 was as follows:

	April 30, 2022
	Unrecognized		Weighted-
	Compensation		Average
	Cost		Years
Performance Stock Units	$	9,786		2.4
Restricted Stock Units		50,293		2.3
Total	$	60,079

Shareholders' Equity (Tables)

3 Months Ended

Apr. 30, 2022

Equity [Abstract]

Share Repurchase Activity

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

	Three Months Ended
	April 30,
	2022		2021
Number of common shares repurchased and subsequently retired		2,422,058		—
Total cost	$	62,052	$	—
Average cost per share, including commissions	$	25.62	$	—

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

3 Months Ended

Apr. 30, 2022

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 three months ended April 30, 2022 and 2021:

	Three Months Ended April 30, 2022
				Unrealized Gains
	Foreign			and (Losses) on
	Currency			Available-for-
	Translation			Sale Securities			Total
Balance at beginning of period	$	(22,204	)	$	(2,626	)	$	(24,830	)
Other comprehensive income (loss) before reclassifications		(14,389	)		(5,265	)		(19,654	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			(112	)		(112	)
Net current-period other comprehensive income (loss)		(14,389	)		(5,377	)		(19,766	)
Balance at end of period	$	(36,593	)	$	(8,003	)	$	(44,596	)

	Three Months Ended April 30, 2021
				Unrealized Gains
	Foreign			and (Losses) on
	Currency			Available-for-
	Translation			Sale Securities			Total
Balance at beginning of period	$	(16,950	)	$	(170	)	$	(17,120	)
Other comprehensive income (loss) before reclassifications		5,422			(43	)		5,379
Amounts reclassified from accumulated other comprehensive income (loss)		—			—			—
Net current-period other comprehensive income (loss)		5,422			(43	)		5,379
Balance at end of period	$	(11,528	)	$	(213	)	$	(11,741	)

Net Income per Common Share (Tables)

3 Months Ended

Apr. 30, 2022

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:

	Three Months Ended
	April 30,
	2022		2021
Basic weighted-average common shares outstanding		95,479,927		98,108,245
Effect of dilutive options, performance stock units and restricted stock units		867,284		1,213,975
Diluted weighted-average shares outstanding		96,347,211		99,322,220

Segment Reporting (Tables)

3 Months Ended

Apr. 30, 2022

Segment Reporting [Abstract]

Schedule of Operations by Segment

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

	Three Months Ended
	April 30,
	2022			2021
Net sales
Retail operations	$	963,435		$	857,486
Wholesale operations		69,071			66,578
Nuuly operations		22,849			7,820
Intersegment elimination		(3,421	)		(4,469	)
Total net sales	$	1,051,934		$	927,415
Income (loss) from operations
Retail operations	$	55,541		$	74,045
Wholesale operations		9,705			14,180
Nuuly operations		(3,751	)		(3,282	)
Intersegment elimination		413			81
Total segment operating income (loss)		61,908			85,024
General corporate expenses		(15,671	)		(11,521	)
Total income (loss) from operations	$	46,237		$	73,503

	April 30,		January 31,		April 30,
	2022		2022		2021
Inventory
Retail operations	$	569,845	$	507,510	$	425,905
Wholesale operations		60,108		62,189		51,872
Total inventory	$	629,953	$	569,699	$	477,777
Rental product, net ⁽¹⁾
Nuuly operations	$	42,598	$	32,075	$	10,239
Total rental product, net	$	42,598	$	32,075	$	10,239

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

Property and equipment, net
Retail operations	$	1,117,689	$	1,113,294	$	958,855
Wholesale operations		1,293		1,458		1,936
Nuuly operations		30,790		30,333		28,182
Total property and equipment, net	$	1,149,772	$	1,145,085	$	988,973

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:

	Three Months Ended
	April 30,
	2022			2021
Net sales
Apparel ⁽¹⁾	$	698,487		$	607,802
Home ⁽²⁾		162,810			173,386
Accessories ⁽³⁾		119,805			101,654
Other ⁽⁴⁾		70,832			44,573
Total net sales	$	1,051,934		$	927,415

As a percentage of net sales
Apparel ⁽¹⁾		66	%		65	%
Home ⁽²⁾		16	%		19	%
Accessories ⁽³⁾		11	%		11	%
Other ⁽⁴⁾		7	%		5	%
Total net sales		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 Nuuly 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:

	April 30,		January 31,		April 30,
	2022		2022		2021
Property and equipment, net
Domestic operations	$	983,569	$	965,777	$	789,456
Foreign operations		166,203		179,308		199,517
Total property and equipment, net	$	1,149,772	$	1,145,085	$	988,973

	Three Months Ended
	April 30,
	2022		2021
Net Sales
Domestic operations	$	913,564	$	826,795
Foreign operations		138,370		100,620
Total net sales	$	1,051,934	$	927,415

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Jan. 31, 2022	Jan. 31, 2021
Revenue From Contract With Customer [Abstract]
Contract receivables, net of allowance for doubtful accounts	$ 97,058	$ 85,307	$ 63,760	$ 89,952
Gift cards expected redemption period	2 years
Contract liabilities	$ 71,590	63,970	$ 78,717	$ 61,986
Revenue recognized included in contract liability	$ 18,340	$ 14,157

Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities (Detail) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 376,695	$ 467,532	$ 264,940
Unrealized Gains		3	462
Unrealized (Losses)	(9,674)	(4,558)	(292)
Fair Value	367,021	462,977	265,110
Short-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	189,146	239,929	164,557
Unrealized Gains		2	6
Unrealized (Losses)	(1,583)	(511)	(133)
Fair Value	187,563	239,420	164,430
Short-term Investments \| Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	85,474	85,062	48,500
Unrealized Gains		1	1
Unrealized (Losses)	(857)	(200)	(49)
Fair Value	84,617	84,863	48,452
Short-term Investments \| Municipal And Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	86,134	128,984	106,266
Unrealized Gains		1	5
Unrealized (Losses)	(633)	(273)	(84)
Fair Value	85,501	128,712	106,187
Short-term Investments \| US Treasury Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	9,749	14,999
Unrealized (Losses)	(93)	(38)
Fair Value	9,656	14,961
Short-term Investments \| Commercial Paper
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,789	10,884	9,791
Fair Value	7,789	10,884	9,791
Long-term Investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	187,549	227,603	100,383
Unrealized Gains		1	456
Unrealized (Losses)	(8,091)	(4,047)	(159)
Fair Value	179,458	223,557	100,680
Long-term Investments \| Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	117,403	148,830	48,850
Unrealized Gains			2
Unrealized (Losses)	(4,904)	(2,478)	(111)
Fair Value	112,499	146,352	48,741
Long-term Investments \| Municipal And Pre-Refunded Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	53,928	60,533	40,085
Unrealized Gains		1	17
Unrealized (Losses)	(2,081)	(912)	(48)
Fair Value	51,847	59,622	40,054
Long-term Investments \| US Treasury Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,226	5,222
Unrealized (Losses)	(138)	(46)
Fair Value	3,088	5,176
Long-term Investments \| Mutual Fund
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,393	12,419	11,448
Unrealized Gains			437
Unrealized (Losses)	(956)	(606)
Fair Value	11,437	11,813	$ 11,885
Long-term Investments \| Federal Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	350	350
Unrealized (Losses)	(12)	(5)
Fair Value	338	345
Long-term Investments \| Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	249	249
Fair Value	$ 249	$ 249

Marketable Securities - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Schedule of Available-for-sale Securities [Line Items]
Sales and maturities of marketable securities	$ 106,043	$ 73,848
Amortization of discounts and premiums, net	1,657	1,338
Other (Loss) Income, Net
Schedule of Available-for-sale Securities [Line Items]
Net realized gain (loss)	$ (112)	$ 0

Debt - Additional Information (Detail) - USD ($)		3 Months Ended
Debt - Additional Information (Detail) - USD ($)	Jun. 29, 2018	Apr. 30, 2022	Apr. 30, 2021
Line Of Credit Facility [Line Items]
Line of credit outstanding		$ 0
Stand-by letters of credit
Line Of Credit Facility [Line Items]
Letter of credit outstanding		12,456,000
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		$ 257,000	$ 257,000
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted LIBOR, CDOR, SONIA or EURIBOR \| Minimum
Line Of Credit Facility [Line Items]
Applicable margin	1.125%
JPMorgan Chase Bank N. A. \| Revolving Credit Facility \| Adjusted LIBOR, CDOR, SONIA 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	3 Months Ended
Leases - Additional Information (Detail) $ in Thousands	Apr. 30, 2022 USD ($) Store	Apr. 30, 2021 USD ($)
Leases [Abstract]
Operating lease costs	$ 63,699	$ 68,708
Variable lease cost	32,572	$ 20,502
Lease commitments for executed but not yet commenced leases	$ 25,645
Number of lease commitment not yet commenced \| Store	12

Leases - Schedule by Year of Maturities of Operating Leases Liabilities with Original Terms in Excess of One Year (Detail) $ in Thousands	Apr. 30, 2022 USD ($)
Leases [Abstract]
2023 (excluding the three months ended April 30, 2022)	$ 219,665
2024	261,007
2025	223,963
2026	189,284
2027	136,543
Thereafter	359,236
Total undiscounted future minimum lease payments	1,389,698
Less imputed interest	(248,785)
Total discounted future minimum lease payments	$ 1,140,913

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 7,102	$ 4,570
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1,137	399
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 5,965	$ 4,171

Schedule of Share Based Awards Issued and Weighted Average Fair Value (Detail)	3 Months Ended
	Apr. 30, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	1,113,100
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	167,500
Weighted Average Fair Value \| $ / shares	$ 25.38
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted	945,600
Weighted Average Fair Value \| $ / shares	$ 25.38

Share-Based Compensation - Additional Information (Detail)	3 Months Ended
	Apr. 30, 2022 shares
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units vested	80,001
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units vested	589,682

Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition (Detail) $ in Thousands	3 Months Ended
	Apr. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 60,079
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 9,786
Weighted Average Years	2 years 4 months 24 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized Compensation Cost	$ 50,293
Weighted Average Years	2 years 3 months 18 days

Share Repurchase Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Equity, Class of Treasury Stock [Line Items]
Total cost	$ 68,688	$ 7,418
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Number of common shares repurchased and subsequently retired	2,422,058
Total cost	$ 62,052
Average cost per share, including commissions	$ 25.62

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	May 01, 2022	Apr. 30, 2022	Apr. 30, 2021	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		21,470,737
Stock repurchased and retired during period, total cost		$ 68,688	$ 7,418
Employee Stock
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period shares		244,048	218,694
Stock repurchased and retired during period, total cost		$ 6,636	$ 7,418
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period shares	1,769,926
Stock repurchased and retired during period, total cost	$ 38,052
Stock repurchased and retired during period average price	$ 21.50

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	$ 1,745,740	$ 1,477,358
Other comprehensive income (loss) before reclassifications	(19,654)	5,379
Amounts reclassified from accumulated other comprehensive income (loss)	(112)
Total other comprehensive (loss) income	(19,766)	5,379
Ending Balance	1,695,921	1,534,509
Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(22,204)	(16,950)
Other comprehensive income (loss) before reclassifications	(14,389)	5,422
Total other comprehensive (loss) income	(14,389)	5,422
Ending Balance	(36,593)	(11,528)
Unrealized Gains and (Losses) on available- for-Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(2,626)	(170)
Other comprehensive income (loss) before reclassifications	(5,265)	(43)
Amounts reclassified from accumulated other comprehensive income (loss)	(112)
Total other comprehensive (loss) income	(5,377)	(43)
Ending Balance	(8,003)	(213)
Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(24,830)	(17,120)
Ending Balance	$ (44,596)	$ (11,741)

- Definition

+ References

+ Details

Reconciliation of Weighted Average Common Shares Outstanding Used for Computation of Basic and Diluted Net Income per Common Share (Detail) - shares	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	95,479,927	98,108,245
Effect of dilutive options, performance stock units and restricted stock units	867,284	1,213,975
Diluted weighted-average shares outstanding	96,347,211	99,322,220

Net Income per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	200,000	200,000
Anti-dilutive common shares exercise price, minimum	$ 28.47	$ 35.85
Anti-dilutive common shares exercise price, maximum	$ 46.42	$ 46.42
Performance Stock Units (PSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common shares	197,501	161,254

Segment Reporting - Additional Information (Detail)	3 Months Ended
Segment Reporting - Additional Information (Detail)	Apr. 30, 2022 Segment Customer
Segment Reporting [Abstract]
Number of reporting segments \| Segment	3
Number of major customers exceeding ten percentage thresholds \| Customer	0

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

3 Months Ended

Apr. 30, 2022

Apr. 30, 2021

Jan. 31, 2022

Segment Reporting Information [Line Items]

Total net sales

$ 1,051,934

$ 927,415

Total income (loss) from operations

46,237

73,503

General corporate expenses

(15,671)

(11,521)

Total inventory

629,953

477,777

$ 569,699

Total rental product, net

^[1]

42,598

10,239

32,075

Total property and equipment, net

1,149,772

988,973

1,145,085

Retail Operations

Segment Reporting Information [Line Items]

Total inventory

569,845

425,905

507,510

Total property and equipment, net

1,117,689

958,855

1,113,294

Wholesale Operations

Segment Reporting Information [Line Items]

Total inventory

60,108

51,872

62,189

Total property and equipment, net

1,293

1,936

1,458

Nuuly operations

Segment Reporting Information [Line Items]

Total rental product, net

^[1]

42,598

10,239

32,075

Total property and equipment, net

30,790

28,182

$ 30,333

Operating Segments

Segment Reporting Information [Line Items]

Total net sales

1,051,934

927,415

Total income (loss) from operations

61,908

85,024

Operating Segments | Retail Operations

Segment Reporting Information [Line Items]

Total net sales

963,435

857,486

Total income (loss) from operations

55,541

74,045

Operating Segments | Wholesale Operations

Segment Reporting Information [Line Items]

Total net sales

69,071

66,578

Total income (loss) from operations

9,705

14,180

Operating Segments | Nuuly operations

Segment Reporting Information [Line Items]

Total net sales

22,849

7,820

Total income (loss) from operations

(3,751)

(3,282)

Intersegment Elimination

Segment Reporting Information [Line Items]

Total net sales

(3,421)

(4,469)

Total income (loss) from operations

$ 413

$ 81

[1]	Rental product, net is included in “Deferred income taxes and other assets” in the Condensed Consolidated Balance Sheets.

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

3 Months Ended

Apr. 30, 2022

Apr. 30, 2021

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

$ 1,051,934

$ 927,415

Total net sales, percentage

100.00%

Apparel

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[1]

$ 698,487

$ 607,802

Total net sales, percentage

^[1]

66.00%

65.00%

Home

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[2]

$ 162,810

$ 173,386

Total net sales, percentage

^[2]

16.00%

19.00%

Accessories

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[3]

$ 119,805

$ 101,654

Total net sales, percentage

^[3]

11.00%

Other

Entity Wide Information Revenue From External Customer [Line Items]

Total net sales

^[4]

$ 70,832

$ 44,573

Total net sales, percentage

^[4]

7.00%

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 Nuuly 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Jan. 31, 2022
Segment Reporting Information [Line Items]
Total property and equipment, net	$ 1,149,772	$ 988,973	$ 1,145,085
Total net sales	1,051,934	927,415
Domestic Operations
Segment Reporting Information [Line Items]
Total property and equipment, net	983,569	789,456	965,777
Total net sales	913,564	826,795
Foreign Operations
Segment Reporting Information [Line Items]
Total property and equipment, net	166,203	199,517	$ 179,308
Total net sales	$ 138,370	$ 100,620

- Definition

+ References

+ Details

Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	$ 367,021	$ 462,977	$ 265,110
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	367,021	462,977	265,110
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	11,437	11,813	11,885
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	355,584	451,164	253,225
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	197,116	231,215	97,193
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	197,116	231,215	97,193
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	137,348	188,334	146,241
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	137,348	188,334	146,241
Fair Value, Measurements, Recurring \| US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted for at fair value on a recurring basis	12,744	20,137
Fair Value, Measurements, Recurring \| US Treasury Securities \| 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	12,744	20,137
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	11,437	11,813	11,885
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	11,437	11,813	11,885
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	7,789	10,884	9,791
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	7,789	10,884	$ 9,791
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	338	345
Fair Value, Measurements, Recurring \| Federal Government Agencies \| 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	338	345
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	249	249
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	$ 249	$ 249