Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jan. 28, 2023	Mar. 17, 2023	Jul. 29, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jan. 28, 2023
Entity Registrant Name	Shoe Carnival, Inc.
Entity Central Index Key	0000895447
Current Fiscal Year End Date	--01-28
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Trading Symbol	SCVL
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock, par value $0.01 per share
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		27,167,658
Entity Public Float			$ 398,045,237
Entity File Number	0-21360
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-1736614
Entity Address, Address Line One	7500 East Columbia Street
Entity Address, City or Town	Evansville
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47715
City Area Code	812
Local Phone Number	867-4034
Document Annual Report	true
Document Transition Report	false
Documents Incorporated by Reference	Certain information contained in the Definitive Proxy Statement for the 2023 Annual Meeting of Shareholders of the Registrant to be held on June 22, 2023 are incorporated by reference into PART III hereof.
ICFR Auditor Attestation Flag	false
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Indianapolis, IN

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Current Assets:
Cash and cash equivalents	$ 51,372	$ 117,443
Marketable securities	11,601	14,961
Accounts receivable	3,052	14,159
Merchandise inventories	390,390	285,205
Other	13,308	10,264
Total Current Assets	469,723	442,032
Property and equipment – net	141,435	88,533
Operating lease right-of-use assets	318,612	220,952
Intangible Assets	32,600	32,600
Goodwill	12,023	11,384
Deferred income taxes	0	2,699
Other noncurrent assets	15,388	14,064
Total Assets	989,781	812,264
Current Liabilities:
Accounts payable	78,850	69,092
Accrued and other liabilities	20,281	33,053
Current portion of operating lease liabilities	58,154	51,563
Total Current Liabilities	157,285	153,708
Long-term portion of operating lease liabilities	285,074	194,788
Deferred income taxes	11,844	0
Deferred compensation	9,840	10,901
Other	170	334
Total Liabilities	464,213	359,731
Shareholders’ Equity:
Common stock, $.01 par value, 50,000,000 shares authorized and 41,049,190 shares issued in each period	410	410
Additional paid-in capital	83,423	80,681
Retained earnings	653,450	553,487
Treasury stock, at cost, 13,883,902 and 12,882,789 shares, respectively	(211,715)	(182,045)
Total Shareholders’ Equity	525,568	452,533
Total Liabilities and Shareholders’ Equity	$ 989,781	$ 812,264

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 28, 2023	Jan. 29, 2022
Statement of Financial Position [Abstract]
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	41,049,190	41,049,190
Treasury shares, shares	13,883,902	12,882,789

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Income Statement [Abstract]
Net sales	$ 1,262,235	$ 1,330,394	$ 976,765
Cost of sales (including buying, distribution and occupancy costs)	794,071	803,607	696,783
Gross profit	468,164	526,787	279,982
Selling, general and administrative expenses	321,720	319,133	258,117
Operating income	146,444	207,654	21,865
Interest income	(972)	(24)	(97)
Interest expense	294	478	412
Income before income taxes	147,122	207,200	21,550
Income tax expense	37,054	52,319	5,559
Net income	$ 110,068	$ 154,881	$ 15,991
Net income per share:
Basic	$ 4.00	$ 5.49	$ 0.57
Diluted	$ 3.96	$ 5.42	$ 0.56
Weighted average shares:
Basic	27,543	28,233	28,133
Diluted	27,812	28,596	28,496

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings
Balance at Feb. 01, 2020	$ 297,363	$ 410	$ (178,581)	$ 79,773	$ 395,761
Balance, shares at Feb. 01, 2020		41,049	(13,034)
Dividends	(5,097)				(5,097)
Employee stock purchase plan purchases	195		$ 224	(29)
Employee stock purchase plan purchases, shares			16
Stock-based compensation awards	0		$ 4,467	(4,467)
Stock-based compensation awards, Shares			323
Shares surrendered by employees to pay taxes on stock-based compensation awards	(1,736)		$ (1,736)
Shares surrendered by employees to pay taxes on stock-based compensation awards, Shares			(144)
Stock-based compensation expense	3,460			3,460
Net income	15,991				15,991
Balance at Jan. 30, 2021	310,176	$ 410	$ (175,626)	78,737	406,655
Balance, shares at Jan. 30, 2021		41,049	(12,839)
Dividends	(8,049)				(8,049)
Employee stock purchase plan purchases	160		$ 78	82
Employee stock purchase plan purchases, shares			5
Stock-based compensation awards	0		$ 3,400	(3,400)
Stock-based compensation awards, Shares			248
Shares surrendered by employees to pay taxes on stock-based compensation awards	(2,750)		$ (2,750)
Shares surrendered by employees to pay taxes on stock-based compensation awards, Shares			(88)
Purchase of common stock for Treasury	(7,147)		$ (7,147)
Purchase of common stock for treasury, shares			(209)
Stock-based compensation expense	5,262			5,262
Net income	154,881				154,881
Balance at Jan. 29, 2022	452,533	$ 410	$ (182,045)	80,681	553,487
Balance, shares at Jan. 29, 2022		41,049	(12,883)
Dividends	(10,105)				(10,105)
Employee stock purchase plan purchases	187		$ 140	47
Employee stock purchase plan purchases, shares			9
Stock-based compensation awards	0		$ 2,880	(2,880)
Stock-based compensation awards, Shares			198
Shares surrendered by employees to pay taxes on stock-based compensation awards	(2,175)		$ (2,175)
Shares surrendered by employees to pay taxes on stock-based compensation awards, Shares			(74)
Purchase of common stock for Treasury	(30,515)		$ (30,515)
Purchase of common stock for treasury, shares			(1,134)
Stock-based compensation expense	5,575			5,575
Net income	110,068				110,068
Balance at Jan. 28, 2023	$ 525,568	$ 410	$ (211,715)	$ 83,423	$ 653,450
Balance, shares at Jan. 28, 2023		41,049	(13,884)

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Statement of Stockholders' Equity [Abstract]
Dividends	$ 0.36	$ 0.28	$ 0.178

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Cash Flows From Operating Activities
Net income	$ 110,068	$ 154,881	$ 15,991
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	23,196	18,752	16,114
Stock-based compensation	5,434	5,531	3,883
(Gain) Loss on retirement and impairment of assets, net	(501)	1,404	2,807
Deferred income taxes	14,543	2,936	2,198
Non-cash operating lease expense	47,766	43,011	42,008
Other	962	4,566	2,035
Changes in operating assets and liabilities:
Accounts receivable	11,410	(6,196)	(4,372)
Merchandise inventories	(106,192)	(24,281)	26,229
Operating lease liabilities	(48,992)	(46,562)	(38,477)
Accounts payable and accrued liabilities	925	3,781	2,510
Other	(8,181)	(9,930)	(7,531)
Net cash provided by operating activities	50,438	147,893	63,395
Cash Flows From Investing Activities
Purchases of property and equipment	(77,293)	(31,387)	(12,396)
Investments in marketable securities and other	(976)	(18,975)	0
Sales of marketable securities and other	3,850	1,800	303
Acquisition, net of cash acquired	385	(70,685)	0
Net cash used in investing activities	(74,034)	(119,247)	(12,093)
Cash Flows From Financing Activities
Borrowings under line of credit	0	0	24,903
Payments on line of credit	0	0	(24,903)
Proceeds from issuance of stock	187	160	195
Dividends paid	(9,972)	(7,998)	(5,128)
Purchase of common stock for treasury	(30,515)	(7,147)	0
Shares surrendered by employees to pay taxes on stock-based compensation awards	(2,175)	(2,750)	(1,736)
Net cash used in financing activities	(42,475)	(17,735)	(6,669)
Net (decrease) increase in cash and cash equivalents	(66,071)	10,911	44,633
Cash and cash equivalents at beginning of year	117,443	106,532	61,899
Cash and cash equivalents at end of year	51,372	117,443	106,532
Supplemental disclosures of cash flow information:
Cash paid during year for interest	303	479	392
Cash paid during year for income taxes	23,933	50,466	3,144
Capital expenditures incurred but not yet paid	3,157	5,949	1,440
Dividends declared but not yet paid	$ 316	$ 184	$ 133

Organization and Description of Business

12 Months Ended

Jan. 28, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Description of Business

Note 1 – Organization and Description of Business

Our consolidated financial statements include the accounts of Shoe Carnival, Inc. and its wholly-owned subsidiaries SCHC, Inc. and Shoe Carnival Ventures, LLC, and SCLC, Inc., a wholly-owned subsidiary of SCHC, Inc. (collectively referred to as “we”, “our”, “us” or the “Company”). All intercompany accounts and transactions have been eliminated. We are an omnichannel retailer selling footwear and related products through our retail stores located in 35 states within the continental United States and in Puerto Rico, as well as through our e-commerce platform.

Summary of Significant Accounting Policies

12 Months Ended

Jan. 28, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2 – Summary of Significant Accounting Policies

Fiscal Year

Our fiscal year is a 52/53 week year ending on the Saturday closest to January 31. Unless otherwise stated, references to years 2022, 2021 and 2020 relate to the fiscal years ended January 28, 2023 ("Fiscal 2022"), January 29, 2022 ("Fiscal 2021") and January 30, 2021 ("Fiscal 2020"), respectively. Fiscal years 2022, 2021 and 2020 all consisted of 52 weeks.

Impact of the COVID-19 Pandemic on Fiscal 2020 Results

Our operations were significantly disrupted by the outbreak of a novel strain of coronavirus (“COVID-19”). On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic. The U.S. Government, as well as the vast majority of states and local governments, took unprecedented measures to control the spread of COVID-19 and to provide stimulus as a mitigating measure to deteriorating economic conditions and increasing unemployment.

The COVID-19 pandemic began significantly impacting our operations, sales and costs beginning in the first quarter of Fiscal 2020. Impacts included the temporary closure of our physical stores effective March 19, 2020, reduced foot traffic and sales, deteriorating economic conditions for our customer base, and some disruption to our global supply chain. We began reopening physical stores in accordance with applicable public health guidelines in late April 2020. By the beginning of the second quarter of Fiscal 2020, approximately 50% of our stores were reopened, and by early June 2020, substantially all of our stores had reopened. Our e-commerce platform has been fully operational during the pandemic, with e-commerce orders generally fulfilled by our store locations.

We did not have any stores closed as of January 28, 2023, or for extended periods during Fiscal 2022 or Fiscal 2021 due to the pandemic.

Use of Estimates in the Preparation of Consolidated Financial Statements

The preparation of our consolidated financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities as of the financial statement reporting date in addition to the reported amounts of certain revenues and expenses for the reporting period. The assumptions used by management in future estimates could change significantly due to changes in circumstances and actual results could differ from those estimates.

Cash and Cash Equivalents

We had Cash and Cash Equivalents of $51.4 million at January 28, 2023 and $117.4 million at January 29, 2022. Credit and debit card receivables and receivables due from a third party totaling $6.3 million and $6.7 million were included in cash equivalents at January 28, 2023 and January 29, 2022, respectively. Credit and debit card receivables generally settle within three days; receivables due from third parties generally settle within five business days.

We consider all short-term investments with an original maturity date of three months or less to be cash equivalents. As of January 28, 2023 and January 29, 2022, all invested cash was held in money market mutual funds. While investments are not considered by management to be at significant risk, they could be impacted if the underlying

financial institutions fail or are subject to other adverse conditions in the financial markets. To date, we have experienced no loss or lack of access to either invested cash or cash held in our bank accounts.

Fair Value Measurements

The accounting guidance related to fair value measurements defines fair value and provides a consistent framework for measuring fair value. Valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect market assumptions. This guidance only applies when other guidance requires or permits the fair value measurement of assets and liabilities. A fair value hierarchy was established, which prioritizes the inputs used in measuring fair value into three broad levels:

•

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

•

Level 2 – Quoted prices in active or inactive markets for similar assets or liabilities that are either directly or indirectly observable; and

•

Level 3 – Significant unobservable inputs that are generally model-based valuation techniques such as discounted cash flows, based on the best information available, including our own data. Fair values of our long-lived assets are estimated using an income-based approach and are classified within Level 3 of the valuation hierarchy.

Merchandise Inventories and Cost of Sales

Merchandise Inventories are stated at the lower of cost or net realizable value using the first-in, first-out (“FIFO”) method. For determining net realizable value, we estimate the future demand and related sale price of merchandise contained in inventory as of the balance sheet date. The stated value of Merchandise Inventories contained on our Consolidated Balance Sheets also includes freight, certain capitalized overhead costs and reserves. Factors considered in determining if our inventory is properly stated at the lower of cost or net realizable value include, among others, recent sale prices, the length of time merchandise has been held in inventory, quantities of various styles held in inventory, seasonality of merchandise, expected consideration to be received from our vendors and current and expected future sales trends. We also review aging trends, which include the historical rate at which merchandise has sold below cost and the value and nature of merchandise currently held in inventory and priced below original cost. We reduce the value of our inventory to its estimated net realizable value where cost exceeds the estimated future selling price. Material changes in the factors previously noted could have a significant impact on the actual net realizable value of our inventory and our reported operating results.

Cost of Sales includes the cost of merchandise sold, buying, distribution, and occupancy costs, inbound freight expense, provision for inventory obsolescence, inventory shrink and credits and allowances from merchandise vendors. Cost of Sales related to our e-commerce orders includes freight expense for delivering merchandise to our customers.

Leases

We evaluate whether a contract is an operating or finance lease at its inception or at its acquisition. All of our leases are classified as operating leases as of January 28, 2023. Leases with terms of twelve months or less were not significant and we have elected to expense them as incurred.

On the lease commencement date, we recognize a right-of-use ("ROU") asset for the right to use a leased asset and a liability based on the present value of remaining lease payments over the lease term. As the rate implicit in our leases is not readily determinable, we utilize an incremental borrowing rate for the initial measurement and any subsequent remeasurements of ROU assets and liabilities, which is determined through the development of a synthetic credit rating.

Operating lease liabilities are increased by interest and reduced by payments each period, and ROU assets are amortized over the lease term. Interest on operating lease liabilities and the amortization of ROU assets results in straight-line rent expense over the lease term. We record variable lease expense associated with contingent rent, reduced rent due to co-tenancy violations, and other variable non-lease components when incurred.

In addition to fixed minimum rental payments set forth in our leases, the measurement of ROU assets and liabilities can also include prepaid rent, landlord incentives (such as construction and tenant improvement allowances), fixed payments related to lease components (such as rent escalation payments scheduled at the lease commencement date), fixed payments related to non-lease components (such as common area maintenance (“CAM”), real estate taxes and insurance) and initial direct costs incurred in conjunction with securing a lease.

The measurement of ROU assets and liabilities excludes amounts related to variable payments related to lease components (such as contingent rent payments based on performance), variable payments related to non-lease components (such as CAM, real estate taxes and insurance) and non-store related leases with an initial term of 12 months or less.

For new leases, renewals or amendments, or when we make material investments in leased properties pursuant to our modernization plan, we make certain estimates and assumptions regarding property values, market rents, property lives, discount rates and probable terms. These estimates and assumptions can impact: (1) lease classification and the related accounting treatment; (2) rent holidays, escalations or deferred lease incentives, which are taken into consideration when calculating straight-line expense; (3) the term over which leasehold improvements for each store are amortized; and (4) the values and lives of adjustments to initial ROU assets. The amount of amortized rent expense would vary if different estimates and assumptions were used.

See Note 10 – “Leases” for additional discussion of our lease policies as well as additional disclosures related to our leases.

Revenue Recognition

Substantially all of our revenue is for a single performance obligation and is recognized when control passes to customers. We consider control to have transferred when we have a present right to payment, the customer has title to the product, physical possession of the product has been transferred to the customer and the risks and rewards of the product that we retain are minimal. The redemption of loyalty points under our Shoe Perks loyalty rewards program and redemptions of gift cards are accounted for as separate performance obligations.

See Note 5 – “Revenue” for additional discussion of our revenue recognition policies as well as additional disclosures on revenue from contracts with customers.

Property and Equipment- Net

Property and Equipment is stated at cost and is depreciated or amortized using the straight-line method over the shorter of the estimated useful lives of the assets or the applicable lease terms. Lives used in computing depreciation and amortization range from two to twenty-five years. Expenditures for maintenance and repairs are charged to expense as incurred. Expenditures that materially increase values, improve capacities or extend useful lives are capitalized. Upon sale or retirement, the costs and related accumulated depreciation or amortization are eliminated from the respective accounts and any resulting gain or loss is included in operations.

Cloud Computing Arrangements that are Service Contracts

We account for the costs to implement hosted cloud computing arrangements that are considered to be service contracts in current and noncurrent other assets. We capitalize these costs based on the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. We amortize the costs over the related service contract period for the hosted arrangement.

Long-Lived Asset Impairment Testing

We periodically evaluate our long-lived assets for impairment if events or circumstances indicate that the carrying value may not be recoverable. The carrying value of long-lived assets is considered impaired when the carrying value of the assets exceeds the expected future cash flows to be derived from their use. Assets are grouped, and the evaluation is performed, at the lowest level for which there are identifiable cash flows, which is generally at a store level. Store level asset groupings typically include property and equipment and operating lease ROU assets. If the estimated, undiscounted future cash flows for a store are determined to be less than the carrying value of the store’s assets, an impairment loss is recorded for the difference between estimated fair value and carrying value. Assets subject to impairment are adjusted to estimated fair value and, if applicable, an impairment loss is recorded in Selling, General and Administrative Expenses. If the operating lease ROU asset is impaired, we would amortize the remaining ROU asset on a straight-line basis over the remaining lease term.

We estimate the fair value of our long-lived assets using store specific cash flow assumptions discounted by a rate commensurate with the risk involved with such assets while incorporating marketplace assumptions. Our estimates are derived from an income-based approach considering the cash flows expected over the remaining lease term for each location. These projections are primarily based on management’s estimates of store-level sales, exercise of future lease renewal options and the store’s contribution to cash flows and, by their nature, include judgments about how current initiatives will impact future performance. We estimate the fair value of operating lease ROU assets using the market value of rents applicable to the leased asset, discounted using the remaining lease term.

External factors, such as the local environment in which the store is located, including store traffic and competition, are evaluated in terms of their effect on sales trends. Changes in sales and operating income assumptions or unfavorable changes in external factors can significantly impact the estimated future cash flows. An increase or decrease in the projected cash flow can significantly impact the fair value of these assets, which may have an effect on the impairment recorded. If actual operating results or market conditions differ from those anticipated, the carrying value of certain of our assets may prove unrecoverable and we may incur additional impairment charges in the future.

Goodwill and Intangible Asset Impairment Testing

Goodwill recorded on our Consolidated Balance Sheets resulted from our acquisition of substantially all of the assets and liabilities of Shoe Station, Inc. ("Shoe Station") and is based on a fair value allocation of the purchase price at the time of acquisition. Goodwill is charged to expense only when it is impaired. We test for Goodwill impairment at the Shoe Station banner level. This test is performed at least annually and is performed at the beginning of our fiscal fourth quarter. No goodwill impairments were recognized in Fiscal 2022.

We also annually test non-amortizing Intangible Assets for impairment. Tradenames acquired as part of the Shoe Station acquisition are our primary non-amortizing Intangible Assets. No impairments were recognized in Fiscal 2022.

Insurance Reserves

We self-insure a significant portion of our workers’ compensation, general liability and employee health care costs and also maintain insurance in each area of risk to protect us from individual and aggregate losses over specified dollar values. Self-insurance reserves include estimates of claims filed, carried at their expected ultimate settlement value, and claims incurred but not yet reported. These estimates take into consideration a number of factors, including historical claims experience, severity factors, statistical trends and, in certain instances, valuation assistance provided by independent third parties. We record self-insurance expense as a component of Accrued and Other Liabilities in our Consolidated Balance Sheets and in Selling, General and Administrative Expenses in our Consolidated Statements of Income. While we believe that the recorded amounts are adequate, there can be no assurance that changes to management’s estimates will not occur due to limitations inherent in the estimating process. If actual results are not consistent with our estimates or assumptions, we may be exposed to losses or gains that could be material.

Consideration Received From a Vendor

Consideration is primarily received from merchandise vendors and includes co-operative advertising/promotion, margin assistance, damage allowances and rebates earned for a specific level of purchases over a defined period. Consideration principally takes the form of credits that we can apply against trade amounts owed.

Consideration is recorded as a reduction of the price paid for the vendor’s products and recorded as a reduction of our Cost of Sales unless the consideration represents a reimbursement of a specific, incremental, identifiable cost; in such a scenario, it is recorded as an offset to the same financial statement line item.

Consideration received after the related merchandise has been sold is recorded as an offset to Cost of Sales in the period negotiations are finalized. For consideration received on merchandise still in inventory, the allowance is recorded as a reduction to the cost of on-hand inventory and recorded as a reduction of our Cost of Sales at the time of sale. Should the consideration received be related to something other than the vendor’s product and such consideration received exceeds the incremental costs incurred, then the excess consideration is recorded as a reduction to the cost of on-hand inventory and allocated to Cost of Sales in future periods utilizing an average inventory turn rate.

Advertising Costs

Digital media, print, television, radio, outdoor media and internal production costs are expensed when incurred. External production costs are expensed in the period the advertisement first takes place. Advertising expenses included in Selling, General and Administrative Expenses were $55.9 million, $58.7 million and $42.1 million in fiscal years 2022, 2021 and 2020, respectively.

Store Opening and Start-up Costs

Non-capital expenditures, such as payroll, supplies and rent incurred prior to the opening of a new store, are charged to expense in the period they are incurred. Advertising related to new stores is expensed pursuant to the aforementioned advertising policy.

Stock-Based Compensation

We recognize compensation expense for stock-based awards using a fair value based method. Stock-based awards may include stock units, restricted stock, stock appreciation rights and other stock-based awards under our stock-based compensation plans. Additionally, we recognize stock-based compensation expense for the discount on shares sold to employees through our employee stock purchase plan. This discount represents the difference between the market price and the employee purchase price. Stock-based compensation expense is included in Selling, General and Administrative Expenses.

We account for forfeitures as they occur in calculating stock-based compensation expense for the period. For performance-based stock awards, we estimate the probability of vesting based on the likelihood that the awards will meet their performance goals.

Segment Information

We are a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. We operate our business as one reportable segment based on the similar nature of products sold; merchandising, distribution, and marketing processes involved; target customers; and economic characteristics of our stores and e-commerce platform. Due to our omnichannel retailer strategy, we view e-commerce sales as an extension of our physical stores.

Income Taxes

We compute income taxes using the asset and liability method, under which deferred income taxes are provided for the temporary differences between the financial reporting basis and the tax basis of our assets and liabilities. Deferred tax assets are reduced, if necessary, by a valuation allowance to the extent future realization of those tax benefits are uncertain. We report a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. We recognize interest expense and penalties, if any, related to uncertain tax positions in Income Tax Expense.

Net Income Per Share

The following table sets forth the computation of Basic and Diluted Net Income per Share as shown on the face of the accompanying Consolidated Statements of Income:


	Fiscal Year Ended
	January 28, 2023						January 29, 2022						January 30, 2021
	(In thousands, except per share data)
Basic Net Income per Share:	Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount
Net income	$	110,068					$	154,881					$	15,991
Conversion of share-based compensation arrangements		0						0						0
Net income available for basic common shares and basic net income per share	$	110,068		27,543	$	4.00	$	154,881		28,233	$	5.49	$	15,991		28,133	$	0.57
Diluted Net Income per Share:
Net income	$	110,068					$	154,881					$	15,991
Conversion of share-based compensation arrangements		0		269				0		363				0		363
Net income available for diluted common shares and diluted net income per share	$	110,068		27,812	$	3.96	$	154,881		28,596	$	5.42	$	15,991		28,496	$	0.56

The computation of Basic Net Income per Share is based on the weighted average number of common shares outstanding during the period. The computation of Diluted Net Income per Share is based on the weighted average number of shares outstanding plus the dilutive incremental shares that would be outstanding assuming the vesting of stock-based compensation arrangements involving restricted stock, restricted stock units and performance stock units. A small portion of these awards that were outstanding at the beginning of Fiscal 2020 had a non-forfeitable right to dividends. The computation of Diluted Net Income per Share excluded approximately 7,000 unvested stock-based awards for Fiscal 2022 and approximately 2,000 unvested stock-based awards for Fiscal 2020 because the impact would be anti-dilutive. For Fiscal 2021, all unvested stock-based awards were dilutive.

Litigation Matters

The accounting standard related to loss contingencies provides guidance regarding our disclosure and recognition of loss contingencies, including pending claims, lawsuits, disputes with third parties, investigations and other actions that are incidental to the operation of our business. The guidance utilizes the following defined terms to describe the likelihood of a future loss: (1) probable – the future event or events are likely to occur, (2) remote – the chance of the future event or events is slight and (3) reasonably possible – the chance of the future event or events occurring is more than remote but less than likely. The guidance also contains certain requirements with respect to how we accrue for and disclose information concerning our loss contingencies. We accrue for a loss contingency when we conclude that the likelihood of a loss is probable and the amount of the loss can be reasonably estimated. When the reasonable estimate of the loss is within a range of amounts, and no amount in the range constitutes a better estimate than any other amount, we accrue for the amount at the low end of the range. We adjust our accruals from time to time as we receive additional information, but the loss we incur may be significantly greater than or less than the amount we have accrued. We disclose loss contingencies if there is at least a reasonable possibility that a loss has been incurred. No accrual or disclosure is required for losses that are remote.

New Accounting Pronouncements

The Financial Accounting Standards Board ("FASB") issued guidance related to reference rate reform, which addresses contract modifications that may be necessary due to the expected discontinuance of LIBOR as a broadly used reference rate. The guidance was effective immediately and is available for contract modifications made through December 31, 2024. We adopted the guidance at the beginning of Fiscal 2022. This adoption did not have any impact on our consolidated financial position, results of operations or cash flows.

In October 2021, the FASB issued guidance related to accounting for contract assets and contract liabilities from contracts with customers in a business combination. Companies will be required to apply the definition of a

performance obligation under Accounting Standards Codification Topic 606 to recognize and measure contract assets and contract liabilities relating to contracts with customers that are acquired in a business combination. The guidance became effective for fiscal years beginning after December 15, 2022, with early adoption permitted. We adopted the guidance at the beginning of Fiscal 2022. This adoption did not have any impact on our consolidated financial position, results of operations or cash flows.

Acquisition of Shoe Station

12 Months Ended

Jan. 28, 2023

Business Combination and Asset Acquisition [Abstract]

Acquisition of Shoe Station

Note 3 – Acquisition of Shoe Station

On December 3, 2021, we acquired the physical stores and substantially all of the other assets of Shoe Station for total consideration of $70.3 million, net of $77,000 of cash acquired. The purchase price paid was funded with available cash on hand. As of our Fiscal 2022 year end, we operated 24 stores across five states in the Southeast under the Shoe Station banner, inclusive of the 21 stores acquired and three additional stores opened since the acquisition. The addition of a new brand and new retail locations to the Shoe Carnival portfolio has created a complementary retail platform for us to serve a broader base of family footwear customers in both urban and suburban demographics.

The results of Shoe Station are included in our consolidated financial statements since the acquisition date. Net Sales attributed to the Shoe Station banner were $99.9 million in Fiscal 2022 and $16.6 million from the acquisition date through January 29, 2022. Acquisition-related costs of $3.2 million were expensed as incurred and are included in Selling, General and Administrative Expenses in our Consolidated Statements of Income in Fiscal 2021.

The following table summarizes the final allocation of the purchase price to the fair value of the assets acquired and liabilities assumed and reflects minor adjustments to the preliminary purchase price allocation as of January 29, 2022. The excess purchase price over the fair value of net assets acquired was allocated to Goodwill. The purchase price allocation was considered complete as of December 3, 2022.


(In thousands)
Fair value of identifiable assets and liabilities:
Merchandise inventories	$	27,708
Other assets		3,404
Property and equipment, net		6,045
Operating lease ROU assets		14,620
Shoe Station trade names		32,600
Goodwill		12,023
Total assets	$	96,400
Accounts payable		6,104
Operating lease liabilities		18,235
Accrued and other liabilities		1,761
Total liabilities	$	26,100
Purchase Price:
Total consideration, net of cash acquired	$	70,300

We are treating Shoe Station trade names as indefinite-lived Intangible Assets; therefore, Goodwill and the Shoe Station trade names are charged to expense only if impaired. Goodwill and the indefinite-lived Intangible Assets are expected to be fully deductible for tax purposes over 15 years.

Fair Value of Financial Instruments

12 Months Ended

Jan. 28, 2023

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Note 4 – Fair Value of Financial Instruments

The following table presents financial instruments that are measured at fair value on a recurring basis at January 28, 2023 and January 29, 2022:


	Fair Value Measurements
(In thousands)	Level 1		Level 2		Level 3		Total
As of January 28, 2023:
Cash equivalents – money market mutual funds	$	45,265	$	0	$	0	$	45,265
Marketable securities - mutual funds that fund deferred compensation		11,601		0		0		11,601
Total	$	56,866	$	0	$	0	$	56,866

As of January 29, 2022:
Cash equivalents – money market mutual funds	$	115,528	$	0	$	0	$	115,528
Marketable securities - mutual funds that fund deferred compensation		14,961		0		0		14,961
Total	$	130,489	$	0	$	0	$	130,489

During Fiscal 2021, we invested in publicly traded mutual funds with readily determinable fair values. These Marketable Securities are designed to mitigate volatility in our Consolidated Statements of Income associated with our non-qualified deferred compensation plan. As of January 28, 2023, these Marketable Securities were principally invested in equity-based mutual funds, consistent with the allocation in our deferred compensation plan. As of January 28, 2023, the balance in our deferred compensation plan was $11.3 million, of which $1.5 million was in Accrued and Other Liabilities based on scheduled payments due within the next 12 months and $9.8 million was in Deferred compensation, a long-term liability. To the extent there are funds in excess of the total non-qualified deferred compensation plan liability, such funds are invested in a stable value mutual fund. We classify these Marketable Securities as current assets because we have the ability to convert the securities into cash at our discretion and these marketable securities are not held in a rabbi trust. We have recognized cumulative unrealized losses of $2.9 million related to equity securities still held at January 28, 2023.

The fair values of Cash and Cash Equivalents, Accounts Receivable, Accounts Payable, Accrued Expenses and Other Current Liabilities approximate their carrying values because of their short-term nature.

- 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

Revenue

12 Months Ended

Jan. 28, 2023

Revenue from Contract with Customer [Abstract]

Revenue

Note 5 – Revenue

Disaggregation of Revenue by Product Category

Revenue is disaggregated by product category below. Net Sales and percentage of Net Sales for fiscal years 2022, 2021 and 2020 are as follows:


(In thousands)	January 28, 2023				January 29, 2022				January 30, 2021
Non-Athletics:
Women's	$	348,632	28	%	$	317,144	24	%	$	213,095	22	%
Men's		208,756	17			189,294	14			132,057	14
Children's		92,664	7			87,926	6			54,706	5
Total		650,052	52			594,364	44			399,858	41
Athletics:
Women's		181,348	14			212,669	16			180,664	18
Men's		204,766	16			264,417	20			214,010	22
Children's		150,622	12			183,211	14			125,728	13
Total		536,736	42			660,297	50			520,402	53
Accessories		68,757	5			67,168	5			48,282	5
Other		6,690	1			8,565	1			8,223	1
Total	$	1,262,235	100	%	$	1,330,394	100	%	$	976,765	100	%

Accounting Policy and Performance Obligations

We operate as an omnichannel, family footwear retailer and provide the convenience of shopping at our physical stores or shopping online through our e-commerce platform. As part of our omnichannel strategy, we offer Shoes 2U, a program that enables us to ship product to a customer’s home or selected store if the product is not in stock at a particular store. We also offer “buy online, pick up in store” services for our customers. “Buy online, pick up in store” provides the convenience of local pickup for our customers.

For our physical stores, we satisfy our performance obligation and control is transferred at the point of sale when the customer takes possession of the products. This also includes the “buy online, pick up in store” scenario described above and includes sales made via our Shoes 2U program when customers choose to pick up their goods at a physical store. For sales made through our e-commerce platform in which the customer chooses home delivery, we transfer control and recognize revenue when the product is shipped. This also includes sales made via our Shoes 2U program when the customer chooses home delivery.

We offer our customers sales incentives including coupons, discounts, and free merchandise. Sales are recorded net of such incentives and returns and allowances. If an incentive involves free merchandise, that merchandise is recorded as a zero sale and the cost is included in Cost of Sales. Gift card revenue is recognized at the time of redemption. When a customer makes a purchase as part of our rewards program, we allocate the transaction price between the goods purchased and the loyalty reward points and recognize the loyalty revenue based on estimated customer redemptions.

Transaction Price and Payment Terms

The transaction price is the amount of consideration we expect to receive from our customers and is reduced by any stated promotional discounts at the time of purchase. The transaction price may be variable due to terms that permit customers to exchange or return products for a refund. The implicit contract with the customer reflected in the transaction receipt states the final terms of the sale, including the description, quantity, and price of each product purchased. The customer agrees to a stated price in the contract that does not vary over the term of the contract and may include revenue to offset shipping costs. Taxes imposed by governmental authorities such as sales taxes are excluded from Net Sales.

We accept various forms of payment from customers at the point of sale typical for an omnichannel retailer. Payments made for products are generally collected when control passes to the customer, either at the point of sale or at the time the customer order is shipped. For Shoes 2U transactions, customers may order the product at the point of sale. For these transactions, customers pay in advance and unearned revenue is recorded as a contract liability. We recognize the related revenue when control has been transferred to the customer (i.e., when the product is picked up by the customer or shipped to the customer). Unearned revenue related to Shoes 2U was not material to our consolidated financial statements at January 28, 2023 and January 29, 2022.

Returns and Refunds

We have established an allowance based upon historical experience in order to estimate return and refund transactions. This allowance is recorded as a reduction in sales with a corresponding refund liability recorded in Accrued and Other Liabilities. The estimated cost of Merchandise Inventory is recorded as a reduction to Cost of Sales and an increase in Merchandise Inventories. At January 28, 2023, approximately $866,000 of refund liabilities and $503,000 of right of return assets associated with estimated product returns were recorded in Accrued and Other Liabilities. At January 29, 2022, approximately $884,000 of refund liabilities and $516,000 of right of return assets associated with estimated product returns were recorded in Accrued and Other Liabilities.

Contract Liabilities

The issuance of a gift card is recorded as an increase to contract liabilities and a decrease to contract liabilities when a customer redeems a gift card. Estimated breakage is determined based on historical breakage percentages and recognized as revenue based on expected gift card usage. We do not record breakage revenue when escheat liability to relevant jurisdictions exists. At January 28, 2023 and January 29, 2022, approximately $2.4 million and $2.3 million of contract liabilities associated with unredeemed gift cards were recorded in Accrued and Other Liabilities, respectively. We expect the revenue associated with these liabilities to be recognized in proportion to the pattern of customer redemptions within two years. Breakage revenue associated with our gift cards recognized in Net Sales was not material to any of the periods presented.

Our Shoe Perks rewards program allows customers to accrue points and provides customers with the opportunity to earn rewards. Points under Shoe Perks are earned primarily by making purchases through any of our omnichannel points of sale. Once a certain threshold of accumulated points is reached, the customer earns a reward certificate, which is redeemable through any of our sales channels.

When a Shoe Perks customer makes a purchase, we allocate the transaction price between the goods purchased and the loyalty reward points earned based on the relative standalone selling price. The portion allocated to the points program is recorded as a contract liability for rewards that are expected to be redeemed. We then recognize revenue based on an estimate of when customers redeem rewards, which incorporates an estimate of points expected to expire using historical rates. Loyalty awards recognized in Net Sales were $5.5 million, $6.1 million and $4.4 million during fiscal years 2022, 2021 and 2020, respectively. At January 28, 2023 and January 29, 2022, approximately $844,000 and $852,000 of contract liabilities associated with loyalty rewards were recorded in Accrued and Other Liabilities, respectively. We expect the revenue associated with these liabilities to be recognized in proportion to the pattern of customer redemptions in less than one year.

- 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
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+ Details

Property and Equipment

12 Months Ended

Jan. 28, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 6 – Property and Equipment

The following is a summary of Property and Equipment:


(In thousands)	January 28, 2023			January 29, 2022
Land	$	1,564		$	1,564
Buildings		7,670			7,525
Furniture, fixtures and equipment		202,790			170,321
Leasehold improvements		163,929			129,550
Total		375,953			308,960
Less accumulated depreciation and amortization		(234,518	)		(220,427	)
Property and equipment – net	$	141,435		$	88,533

Total depreciation expense associated with Property and Equipment was $20.9 million in Fiscal 2022, $14.7 million in Fiscal 2021 and $14.8 million in Fiscal 2020. As of both January 28, 2023 and January 29, 2022, there was approximately $13.3 million of construction work in process included in Property and Equipment, primarily related to store remodel and new store construction activity.

No impairment charges were recorded in Fiscal 2022. In fiscal years 2021 and 2020, we recorded impairment charges of $1.3 million and $3.1 million on long-lived assets held and used, respectively. Impairment charges are included in Selling, General and Administrative Expenses in our Consolidated Statements of Income.

Cloud Computing Arrangements that are Service Contracts	12 Months Ended
Cloud Computing Arrangements that are Service Contracts	Jan. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Cloud Computing Arrangements that are Service Contracts	Note 7 – Cloud Computing Arrangements that are Service Contracts We have engaged third-party providers to host software for us, including our customer relationship management (“CRM”) platform, merchandise financial planning platform and our transportation, warehouse and order management systems. These platforms are cloud computing arrangements that are software-as-a-service (“SaaS”) contracts. Net capitalized costs related to cloud computing arrangements as of January 28, 2023 and January 29, 2022 were $16.7 million and $15.6 million, respectively. Total amortization expense related to these arrangements was $2.3 million during Fiscal 2022, $4.0 million during Fiscal 2021 and $1.3 million during Fiscal 2020. As of January 28, 2023, approximately $3.0 million of net capitalized costs related to cloud computing arrangements were classified in Other Current Assets and $13.7 million were classified as Other Noncurrent Assets in our Consolidated Balance Sheets. As of January 29, 2022, approximately $2.8 million of net capitalized costs related to cloud computing arrangements were classified in Other Current Assets and $12.8 million were classified as Other Noncurrent Assets in our Consolidated Balance Sheets.

Accrued and Other Liabilities

12 Months Ended

Jan. 28, 2023

Payables and Accruals [Abstract]

Accrued and Other Liabilities

Note 8 – Accrued and Other Liabilities

Accrued and Other Liabilities consisted of the following:


(In thousands)	January 28, 2023		January 29, 2022
Employee compensation and benefits	$	8,474	$	15,454
Sales and use tax		2,416		2,270
Gift cards		2,399		2,323
Self-insurance reserves		1,721		3,585
Current portion of non-qualified deferred compensation		1,514		3,725
Other		3,757		5,696
Total accrued and other liabilities	$	20,281	$	33,053

Debt

12 Months Ended

Jan. 28, 2023

Debt Disclosure [Abstract]

Debt

Note 9 – Debt

On March 23, 2022 we entered into an Amended and Restated Credit Agreement (the “Credit Agreement”), which replaced our existing credit agreement (the "Previous Credit Agreement"). This $100 million amended and restated credit agreement is collateralized by our inventory, expires on March 23, 2027 and contains a swingline sublimit of $15 million. Material covenants associated with the Credit Agreement require that we maintain a minimum net worth of $250 million and a consolidated interest coverage ratio of not less than 3.0 to 1.0. The Credit Agreement also provides that cash dividends and share repurchases of $15 million or less per fiscal year can be made without restriction as long as there is no default or event of default before and immediately after such distributions. We are also permitted to make acquisitions and pay cash dividends or repurchase shares in excess of $15 million in a fiscal year provided that (a) no default or event of default exists before and immediately after the transaction and (b) on a proforma basis, the ratio of (i) the sum of (A) our consolidated funded indebtedness plus (B) three times our consolidated rental expense to (ii) the sum of (A) our consolidated EBITDA plus (B) our consolidated rental expense is less than 3.5 to 1.0. We were in compliance with these covenants at January 28, 2023.

Among other restrictions, the Credit Agreement also limits our ability to incur additional secured or unsecured debt to $20 million. The Credit Agreement bears interest, at our option, at (1) the agent bank’s base rate plus 0.0% to 1.0% or (2) Adjusted Term SOFR plus 0.9% to 1.9%, depending on our achievement of certain performance criteria. A commitment fee is charged at 0.2% to 0.3% per annum, depending on our achievement of certain performance criteria, on the unused portion of the lenders’ commitment.

The terms “net worth”, “consolidated interest coverage ratio”, “consolidated funded indebtedness”, “consolidated rental expense”, “consolidated EBITDA”, “base rate” and “Adjusted Term SOFR” are defined in the Credit Agreement.

The Previous Credit Agreement was terminated on March 23, 2022. At its termination, the Previous Credit Agreement contained covenants which stipulated: (1) Total Shareholders’ Equity (as defined in the Previous Credit Agreement) could not fall below $250 million at the end of each fiscal quarter; (2) the ratio of funded debt plus three times rent expense to EBITDA (as defined in the Previous Credit Agreement) plus rent expense could not exceed 3.0 to 1.0, except for the fiscal quarters ending on or about July 31, 2020; October 31, 2020; and January 31, 2021; (3) the aggregate amount of cash dividends for a fiscal year could not exceed $10 million; and (4) distributions in the form of redemptions of Equity Interests (as defined in the Previous Credit Agreement) could be made solely with cash on hand so long as before and immediately after such distributions there were no revolving loans outstanding under the Previous Credit Agreement. We were in compliance with these covenants at January 29, 2022.

At its termination, the Previous Credit Agreement bore interest, at our option, at (1) the agent bank’s prime rate as defined in the Previous Credit Agreement plus 1.0%, with the prime rate defined as the greater of (a) the Federal Fund rate plus 0.50% or (b) the interest rate announced from time to time by the agent bank as its “prime rate” or (2) LIBOR plus 1.50% to 2.50%, depending on our achievement of certain performance criteria. If the stated LIBOR rate was less than 0.75%, the LIBOR rate for purposes of calculating the interest rate under the Previous Credit Agreement would have been 0.75%. A commitment fee was charged at 0.30% to 0.40% per annum, depending on our achievement of certain performance criteria, on the unused portion of the lenders’ commitment.

No borrowings were outstanding under the credit agreements as of January 28, 2023 and January 29, 2022 and we did not borrow under the credit agreements during Fiscal 2022 or Fiscal 2021. As of January 28, 2023, there were $700,000 in letters of credit outstanding and $99.3 million available to us for borrowing under the Credit Agreement.

- 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.

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+ Details

Leases

12 Months Ended

Jan. 28, 2023

Leases [Abstract]

Leases

Note 10 – Leases

We lease all of our physical stores, our single distribution center, which has a current lease term expiring in 2034, and office space for our Southern office. We also enter into leases of equipment, copiers and billboards. We do not have any leases with related parties. In addition, we do not have any sublease arrangements with any related party or third party. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Our real estate leases typically include options to extend the lease or to terminate the lease at our sole discretion. Options to extend real estate leases typically include one or more options to renew, with renewal terms that typically

extend the lease term for five years or more. Many of our leases also contain “co-tenancy” provisions, including the required presence and continued operation of certain anchor tenants in the adjoining retail space. If a co-tenancy violation occurs, we have the right to a reduction of rent for a defined period after which we have the option to terminate the lease if the violation is not cured. In addition to co-tenancy provisions, certain leases contain “go-dark” provisions that allow us to cease operations while continuing to pay rent through the end of the lease term. When determining the lease term, we include options that are reasonably certain to be exercised.

Our leases typically provide for fixed minimum rental payments, and certain leases provide for contingent rental payments based upon various specified percentages of sales above minimum levels. In addition to rental payments, we are required to pay certain non-lease components, such as real estate taxes, insurance and CAM, on most of our real estate leases. Such non-lease components are typically variable in nature. Certain real estate leases also contain escalation clauses for increases in minimum rentals, operating costs and taxes.

Lease-related costs reported in our Consolidated Statements of Income were as follows:


(In thousands)	2022		2021		2020
Operating lease cost	$	60,777	$	54,417	$	53,418
Variable lease cost
CAM, property taxes and insurance		19,001		18,914		19,805
Percentage rent and other variable lease costs		1,231		2,723		2,008
Total	$	81,009	$	76,054	$	75,231

During Fiscal 2020, we deferred lease payments of approximately $3.1 million during April, May and June pursuant to arrangements reached with various landlords. These deferrals were substantially repaid over the remainder of Fiscal 2020. We accounted for these arrangements as if they were part of the enforceable rights and obligations of the existing contracts, not as lease modifications. Rent continued to be recognized on a straight line basis for contracts with these deferrals.

Other information related to leases, including supplemental cash flow information, consists of:


(In thousands)	2022			2021			2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	48,991		$	46,562		$	38,477
ROU assets obtained in exchange for operating lease liabilities1	$	146,996		$	64,058		$	36,290

	As of			As of			As of
	January 28, 2023			January 29, 2022			January 30, 2021
Weighted-average remaining lease term for operating leases (in years)	7.3				6.0		6.1
Weighted-average discount rate for operating leases		4.2	%		5.2	%		5.2	%

1) Includes ROU assets added as part of the Shoe Station acquisition described in Note 3 - "Acquisition of Shoe Station"

The following table reconciles the undiscounted cash flows for each of the first five years and the total of the remaining years to our operating lease liabilities as of January 28, 2023:


(In thousands)	Operating Leases
2023	$	71,596
2024		61,821
2025		50,619
2026		49,713
2027		42,946
Thereafter to 2034		119,396
Total undiscounted lease payments		396,091
Less: Imputed interest		52,863
Total operating lease liabilities		343,228
Less: Current portion of operating lease liabilities		58,154
Long-term portion of operating lease liabilities	$	285,074

Income Taxes

12 Months Ended

Jan. 28, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Note 11 – Income Taxes

The provision for income taxes consisted of:


(In thousands)	2022		2021		2020
Current:
Federal	$	15,542	$	38,576	$	2,233
State		4,919		8,076		887
Puerto Rico		2,050		2,730		241
Total current		22,511		49,382		3,361
Deferred:
Federal		11,712		1,296		2,122
State		1,878		390		(294	)
Puerto Rico		-		-		133
Total deferred		13,590		1,686		1,961
Valuation allowance		953		1,251		237
Total provision	$	37,054	$	52,319	$	5,559

Reconciliation between the statutory federal income tax rate and the effective income tax rate is as follows:


Fiscal years	2022			2021			2020
U.S. Federal statutory tax rate		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal tax benefit		3.5			3.6			2.4
Puerto Rico		0.6			0.6			1.7
Excess tax benefit on stock-based compensation		(0.4	)		(0.5	)		0.4
Other		0.5			0.6			0.3
Effective income tax rate		25.2	%		25.3	%		25.8	%

Deferred income taxes are the result of temporary differences in the recognition of revenue and expense for tax and financial reporting purposes. The sources of these differences and the tax effect of each are as follows:


(In thousands)	January 28, 2023			January 29, 2022
Deferred tax assets:
Lease obligations	$	83,473		$	55,126
Accrued compensation		4,496			3,917
Inventory		767			1,018
Other		4,639			3,719
Total deferred tax assets		93,375			63,780
Valuation allowance		(2,635	)		(1,682	)
Total deferred tax assets – net of valuation allowance		90,740			62,098
Deferred tax liabilities:
Lease ROU assets		78,627			50,363
Property and equipment		19,673			6,767
Other		4,284			2,269
Total deferred tax liabilities		102,584			59,399
Net long-term (liability) / asset	$	(11,844	)	$	2,699

We have tax credit carryforwards associated with our Puerto Rico operations totaling $2.6 million at January 28, 2023 and $1.7 million at January 29, 2022. These credits expire at various times over the next ten years. We have taken a full valuation allowance against these credits given they are not expected to be utilized due to the current differential between U.S. and Puerto Rico tax rates.

As of January 28, 2023 and January 29, 2022, there were no unrecognized tax liabilities or related accrued penalties or interest.

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Employee Benefit Plans

12 Months Ended

Jan. 28, 2023

Retirement Benefits [Abstract]

Employee Benefit Plans

Note 12 – Employee Benefit Plans

Retirement Savings Plans

Our Board of Directors-approved Shoe Carnival Retirement Savings Plan (the “Domestic Savings Plan”) is open to all employees working in the continental United States who have been employed for at least one year, are at least 21 years of age and who work at least 1,000 hours in a defined year. The primary savings mechanism under the Domestic Savings Plan is a 401(k) plan under which an employee may contribute up to 20% of annual earnings with a matching Company contribution up to the first 4% at a rate of 50%. Our contributions to the participants’ accounts become fully vested when participants reach their third anniversary of employment with us.

Our Board of Directors-approved Shoe Carnival Puerto Rico Savings Plan (the “Puerto Rico Savings Plan”) is open to all employees working in Puerto Rico who have been employed for at least one year, are at least 21 years of age and who work at least 1,000 hours in a defined year. This plan is similar to our Domestic Savings Plan, whereby an employee may contribute up to 20% of his or her annual earnings, with a matching Company contribution up to the first 4% at a rate of 50%.

Contributions charged to expense associated with these plans were $1.0 million, $949,000 and $851,000 in fiscal years 2022, 2021 and 2020, respectively.

Deferred Compensation Plan

We have a non-qualified deferred compensation plan for certain key employees who, due to Internal Revenue Service guidelines, cannot take full advantage of the employer-sponsored 401(k) plan. Participants in the plan may elect on an annual basis to defer, on a pre-tax basis, portions of their current compensation until retirement, or earlier if so elected. We voluntarily match a portion of the employees’ contributions, which is subject to vesting requirements. The compensation deferred under this plan is credited with earnings or losses measured by the rate of return on

investments elected by plan participants. Loss on the deferred amounts, net of compensation expense for our match, was $330,000 for Fiscal 2022. Compensation expense for our match and earnings on the deferred amounts was $1.3 million for Fiscal 2021 and $2.0 million for Fiscal 2020. The total deferred compensation liability at January 28, 2023 and January 29, 2022 was $11.3 million and $14.6 million, respectively, of which $1.5 million and $3.7 million was classified as Accrued and Other Liabilities at January 28, 2023 and January 29, 2022, respectively.

Stock-Based Compensation

12 Months Ended

Jan. 28, 2023

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation

Note 13 – Stock-Based Compensation

Stock-based compensation includes share-settled awards issued pursuant to our shareholder approved Shoe Carnival, Inc. 2017 Equity Incentive Plan (the “2017 Plan”) in the form of restricted stock units, performance stock units, and restricted and other stock awards. Additionally, we recognize stock-based compensation expense for the discount on shares sold to employees through our Employee Stock Purchase Plan and for cash-settled stock appreciation rights (SARs). For fiscal years 2022, 2021 and 2020, stock-based compensation expense was comprised of the following:


(In thousands)	2022			2021			2020
Share-settled equity awards	$	5,542		$	5,234		$	3,426
Stock appreciation rights		(141	)		269			423
Employee stock purchase plan		33			28			34
Total stock-based compensation expense	$	5,434		$	5,531		$	3,883
Income tax benefit at statutory rates	$	1,368		$	1,399		$	1,002
Additional income tax (benefit)/expense on vesting of share-settled awards	$	(562	)	$	(992	)	$	81

As of January 28, 2023, there was approximately $6.8 million of unrecognized compensation expense remaining related to our share-settled equity awards. The cost is expected to be recognized over a weighted average period of approximately 1.1 years.

Under the 2017 Plan, we may issue stock units, restricted stock, stock appreciation rights, stock options and other stock-based awards to eligible participants. According to the terms of the 2017 Plan, no further awards may be made from any previously approved equity plans. As of January 28, 2023, there were approximately 546,000 shares of our common stock available for future issuances under the 2017 Plan.

Equity awards issued to employees are classified as either performance-based or service-based. Our outstanding performance-based equity awards were granted such that vesting depended on whether Diluted Net Income per Share met an established threshold, target, or maximum level of performance. Diluted Net Income per Share below the threshold level of performance would have resulted in complete forfeiture of the award.

Our service-based restricted stock units and restricted stock awards vest under different scenarios based on the year they were granted, as determined and approved by our Board of Directors. Typical vesting scenarios are as follows: (a) one-third of the award vests on each of the first three anniversaries subsequent to the date of the grant; (b) one-half of the award vests after one year and one-half vests after two years; (c) one-third of the award vests after two years and two-thirds of the award vests after three years; (d) the full award vests at the end of a 2-year service period subsequent to the date of grant; or (e) for our non-employee Board members and Vice Chairman, all restricted stock awards are issued to vest on January 2nd of the year following the year of the grant. Awards that contain both performance and service-based conditions require that the performance target be met during the required service period.

Under the 2017 Plan, recipients of restricted stock, restricted stock units and performance stock units are entitled to receive dividend equivalents, based on dividends actually declared and paid, on such awards, and such dividend equivalents are subject to the same restrictions and risk of forfeiture as the restricted stock, restricted stock units and performance stock units.

Share-Settled Equity Awards

The following table summarizes transactions for our restricted stock units and performance stock units:


	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 29, 2022		457,038		$	16.54
Granted		345,164			30.32
Vested		(178,425	)		18.26
Forfeited		(63,454	)		27.26
Outstanding at January 28, 2023		560,323		$	23.27

The total fair value at grant date of restricted stock units and performance stock units that vested during Fiscal 2022, 2021 and 2020 was $3.3 million, $3.7 million and $4.4 million, respectively. The weighted-average grant date fair value of restricted stock units and performance stock units granted during Fiscal 2021 and Fiscal 2020 was $28.25 and $7.48, respectively.

The following table summarizes transactions for our restricted stock and other stock awards:


	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 29, 2022		0		$	0.00
Granted		19,487			24.12
Vested		(19,487	)		24.12
Outstanding at January 28, 2023		0		$	0.00

The total fair value at grant date of restricted stock and other stock awards that vested during Fiscal 2022, 2021 and 2020 was $0.5 million, $0.3 million and $1.6 million, respectively. The weighted-average grant date fair value of restricted stock and other stock awards granted during Fiscal 2021 and Fiscal 2020 was $32.79 and $12.46, respectively.

Cash-Settled Stock Appreciation Rights

Cash-settled SARs are granted to certain non-executive employees. Each SAR entitles holders, upon exercise of their vested shares, to receive cash in an amount equal to the closing price of our stock on the date of exercise less the exercise price, with a maximum amount of gain defined. The SARs granted during the first quarter of Fiscal 2021 vested and became fully exercisable on March 31, 2022 and any unexercised SARs will expire on March 31, 2024. The SARs issued in Fiscal 2021 have a defined maximum gain of $5.00 over the exercise price of $30.94.

SARs granted during the first quarter of Fiscal 2020 vested and became fully exercisable on March 31, 2021 and have all been exercised. SARs granted during the first quarter of Fiscal 2019 vested and became fully exercisable on March 31, 2020 and have all been exercised.

The following table summarizes SARs activity:


	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)
Outstanding at January 29, 2022		84,800		$	30.94
Granted		0			0.00
Forfeited		(8,800	)		30.94
Exercised		0			0.00
Outstanding at January 28, 2023		76,000		$	30.94		1.2

The fair value of these liability awards is remeasured, using a trinomial lattice model, at each reporting period until the date of settlement. Increases or decreases in stock-based compensation expense are recognized over the vesting period, or immediately for vested awards. The weighted-average fair value of outstanding SAR awards as of January 28, 2023, was $0.81.

The fair value was estimated using a trinomial lattice model with the following assumptions:


	January 28, 2023			January 29, 2022
Risk free interest rate yield curve	3.62%-4.68%			0.04%-1.61%
Expected dividend yield	1.3%			0.8%
Expected volatility		65.42	%		63.31	%
Maximum life	1.2 Years			2.2 Years
Exercise multiple		1.03			1.03
Maximum payout	$	5.00		$	5.00
Employee exit rate	2.2% - 9.0%			2.2% - 9.0%

The risk-free interest rate was based on the U.S. Treasury yield curve in effect at the end of the reporting period. The expected dividend yield was based on our quarterly cash dividends, with the assumption that quarterly dividends would continue at that rate. Expected volatility was based on the historical volatility of our common stock. The exercise multiple and employee exit rate were based on historical data.

Stock Purchase Plan

In 1995, our Board of Directors and shareholders approved the Shoe Carnival, Inc. Employee Stock Purchase Plan (the “Stock Purchase Plan”). The Stock Purchase Plan reserves 450,000 shares of our common stock (subject to adjustment for any subsequent stock splits, stock dividends and certain other changes in our common stock) for issuance and sale to any employee who has been employed for more than a year at the beginning of the calendar year, and who is not a 10% owner of our common stock, at 85% of the then fair market value up to a maximum of $5,000 in any calendar year. Under the Stock Purchase Plan, 9,000, 6,000 and 16,000 shares of common stock were purchased by plan participants and proceeds to us for the sale of those shares were approximately $187,000, $160,000 and $195,000 for fiscal years 2022, 2021 and 2020, respectively. At January 28, 2023, there were 109,000 shares of unissued common stock reserved for future purchase under the Stock Purchase Plan.

Share Repurchase Program

12 Months Ended

Jan. 28, 2023

Equity [Abstract]

Share Repurchase Program

Note 14 – Share Repurchase Program

On December 14, 2022, our Board of Directors authorized a share repurchase program for up to $50 million of our outstanding common stock, effective January 1, 2023 (the “2023 Share Repurchase Program”). The purchases may be made in the open market or through privately negotiated transactions from time-to-time through December 31, 2023 and in accordance with applicable laws, rules and regulations. The 2023 Share Repurchase Program may be amended, suspended or discontinued at any time and does not commit us to repurchase shares of our common stock. We have funded, and intend to continue to fund, the share repurchase program from cash on hand, and any shares acquired will be available for stock-based compensation awards and other corporate purposes. The actual number and value of the shares to be purchased will depend on the performance of our stock price and other market and economic factors.

The 2023 Share Repurchase Program replaced a $50 million share repurchase program that was authorized in December 2021, became effective January 1, 2022 and expired in accordance with its terms on December 31, 2022. Shares totaling 1,134,524 were repurchased during Fiscal 2022 at a cost of $30.5 million. Shares totaling 208,662 were repurchased during Fiscal 2021 at a cost of $7.1 million and no repurchases were made in Fiscal 2020. Share repurchases activity in Fiscal 2021 and Fiscal 2020 was impacted by the COVID-19 pandemic.

See Note 9 – “Debt” for a discussion of our Credit Agreement and its restrictions regarding share repurchases.

Litigation and Business Risk

12 Months Ended

Jan. 28, 2023

Risks and Uncertainties [Abstract]

Litigation and Business Risk

Note 15 – Litigation and Business Risk

Litigation Risk

From time to time, we are involved in certain legal proceedings in the ordinary course of conducting our business. While the outcome of any legal proceeding is uncertain, we do not currently expect that any such proceedings will have a material adverse effect on our consolidated balance sheets, statements of income, or cash flows.

Business Risk

Two branded suppliers, Nike, Inc. and Skechers U.S.A., Inc., collectively accounted for approximately 27% of our Net Sales in Fiscal 2022, 39% in Fiscal 2021 and 43% in Fiscal 2020. Nike, Inc. accounted for approximately 14% in Fiscal 2022, 28% in Fiscal 2021 and 33% in Fiscal 2020. Skechers USA, Inc. accounted for approximately 13% in Fiscal 2022, 11% in Fiscal 2021 and 10% in Fiscal 2020. A loss of any of our key suppliers in certain product categories could have a material adverse effect on our business. As is common in the industry, we do not have any long-term contracts with suppliers.

Subsequent Events

12 Months Ended

Jan. 28, 2023

Subsequent Events [Abstract]

Subsequent Events

Note 16 – Subsequent Events

On March 14, 2023, the Board of Directors approved the payment of a cash dividend to our shareholders in the first quarter of Fiscal 2023. The quarterly cash dividend of $0.10 per share will be paid on April 17, 2023 to shareholders of record as of the close of business on April 3, 2023.

The declaration and payment of any future dividends are at the discretion of the Board of Directors and will depend on our results of operations, financial condition, business conditions and other factors deemed relevant by our Board of Directors. See Note 9 – "Debt" for a discussion of our Credit Agreement and its restrictions regarding dividend payments.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 28, 2023

Accounting Policies [Abstract]

Fiscal Year

Our fiscal year is a 52/53 week year ending on the Saturday closest to January 31. Unless otherwise stated, references to years 2022, 2021 and 2020 relate to the fiscal years ended January 28, 2023 ("Fiscal 2022"), January 29, 2022 ("Fiscal 2021") and January 30, 2021 ("Fiscal 2020"), respectively. Fiscal years 2022, 2021 and 2020 all consisted of 52 weeks.

Impact of the COVID-19 Pandemic on Fiscal 2020 Results

the COVID-19 Pandemic on Fiscal 2020 Results

Our operations were significantly disrupted by the outbreak of a novel strain of coronavirus (“COVID-19”). On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic. The U.S. Government, as well as the vast majority of states and local governments, took unprecedented measures to control the spread of COVID-19 and to provide stimulus as a mitigating measure to deteriorating economic conditions and increasing unemployment.

The COVID-19 pandemic began significantly impacting our operations, sales and costs beginning in the first quarter of Fiscal 2020. Impacts included the temporary closure of our physical stores effective March 19, 2020, reduced foot traffic and sales, deteriorating economic conditions for our customer base, and some disruption to our global supply chain. We began reopening physical stores in accordance with applicable public health guidelines in late April 2020. By the beginning of the second quarter of Fiscal 2020, approximately 50% of our stores were reopened, and by early June 2020, substantially all of our stores had reopened. Our e-commerce platform has been fully operational during the pandemic, with e-commerce orders generally fulfilled by our store locations.

We did not have any stores closed as of January 28, 2023, or for extended periods during Fiscal 2022 or Fiscal 2021 due to the pandemic.

Use of Estimates in the Preparation of Consolidated Financial Statements

The preparation of our consolidated financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities as of the financial statement reporting date in addition to the reported amounts of certain revenues and expenses for the reporting period. The assumptions used by management in future estimates could change significantly due to changes in circumstances and actual results could differ from those estimates.

Cash and Cash Equivalents

We had Cash and Cash Equivalents of $51.4 million at January 28, 2023 and $117.4 million at January 29, 2022. Credit and debit card receivables and receivables due from a third party totaling $6.3 million and $6.7 million were included in cash equivalents at January 28, 2023 and January 29, 2022, respectively. Credit and debit card receivables generally settle within three days; receivables due from third parties generally settle within five business days.

We consider all short-term investments with an original maturity date of three months or less to be cash equivalents. As of January 28, 2023 and January 29, 2022, all invested cash was held in money market mutual funds. While investments are not considered by management to be at significant risk, they could be impacted if the underlying

financial institutions fail or are subject to other adverse conditions in the financial markets. To date, we have experienced no loss or lack of access to either invested cash or cash held in our bank accounts.

Fair Value Measurements

The accounting guidance related to fair value measurements defines fair value and provides a consistent framework for measuring fair value. Valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect market assumptions. This guidance only applies when other guidance requires or permits the fair value measurement of assets and liabilities. A fair value hierarchy was established, which prioritizes the inputs used in measuring fair value into three broad levels:

•

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

•

Level 2 – Quoted prices in active or inactive markets for similar assets or liabilities that are either directly or indirectly observable; and

•

Level 3 – Significant unobservable inputs that are generally model-based valuation techniques such as discounted cash flows, based on the best information available, including our own data. Fair values of our long-lived assets are estimated using an income-based approach and are classified within Level 3 of the valuation hierarchy.

Merchandise Inventories and Cost of Sales

Merchandise Inventories are stated at the lower of cost or net realizable value using the first-in, first-out (“FIFO”) method. For determining net realizable value, we estimate the future demand and related sale price of merchandise contained in inventory as of the balance sheet date. The stated value of Merchandise Inventories contained on our Consolidated Balance Sheets also includes freight, certain capitalized overhead costs and reserves. Factors considered in determining if our inventory is properly stated at the lower of cost or net realizable value include, among others, recent sale prices, the length of time merchandise has been held in inventory, quantities of various styles held in inventory, seasonality of merchandise, expected consideration to be received from our vendors and current and expected future sales trends. We also review aging trends, which include the historical rate at which merchandise has sold below cost and the value and nature of merchandise currently held in inventory and priced below original cost. We reduce the value of our inventory to its estimated net realizable value where cost exceeds the estimated future selling price. Material changes in the factors previously noted could have a significant impact on the actual net realizable value of our inventory and our reported operating results.

Cost of Sales includes the cost of merchandise sold, buying, distribution, and occupancy costs, inbound freight expense, provision for inventory obsolescence, inventory shrink and credits and allowances from merchandise vendors. Cost of Sales related to our e-commerce orders includes freight expense for delivering merchandise to our customers.

Leases

We evaluate whether a contract is an operating or finance lease at its inception or at its acquisition. All of our leases are classified as operating leases as of January 28, 2023. Leases with terms of twelve months or less were not significant and we have elected to expense them as incurred.

On the lease commencement date, we recognize a right-of-use ("ROU") asset for the right to use a leased asset and a liability based on the present value of remaining lease payments over the lease term. As the rate implicit in our leases is not readily determinable, we utilize an incremental borrowing rate for the initial measurement and any subsequent remeasurements of ROU assets and liabilities, which is determined through the development of a synthetic credit rating.

Operating lease liabilities are increased by interest and reduced by payments each period, and ROU assets are amortized over the lease term. Interest on operating lease liabilities and the amortization of ROU assets results in straight-line rent expense over the lease term. We record variable lease expense associated with contingent rent, reduced rent due to co-tenancy violations, and other variable non-lease components when incurred.

In addition to fixed minimum rental payments set forth in our leases, the measurement of ROU assets and liabilities can also include prepaid rent, landlord incentives (such as construction and tenant improvement allowances), fixed payments related to lease components (such as rent escalation payments scheduled at the lease commencement date), fixed payments related to non-lease components (such as common area maintenance (“CAM”), real estate taxes and insurance) and initial direct costs incurred in conjunction with securing a lease.

The measurement of ROU assets and liabilities excludes amounts related to variable payments related to lease components (such as contingent rent payments based on performance), variable payments related to non-lease components (such as CAM, real estate taxes and insurance) and non-store related leases with an initial term of 12 months or less.

For new leases, renewals or amendments, or when we make material investments in leased properties pursuant to our modernization plan, we make certain estimates and assumptions regarding property values, market rents, property lives, discount rates and probable terms. These estimates and assumptions can impact: (1) lease classification and the related accounting treatment; (2) rent holidays, escalations or deferred lease incentives, which are taken into consideration when calculating straight-line expense; (3) the term over which leasehold improvements for each store are amortized; and (4) the values and lives of adjustments to initial ROU assets. The amount of amortized rent expense would vary if different estimates and assumptions were used.

See Note 10 – “Leases” for additional discussion of our lease policies as well as additional disclosures related to our leases.

Revenue Recognition

Substantially all of our revenue is for a single performance obligation and is recognized when control passes to customers. We consider control to have transferred when we have a present right to payment, the customer has title to the product, physical possession of the product has been transferred to the customer and the risks and rewards of the product that we retain are minimal. The redemption of loyalty points under our Shoe Perks loyalty rewards program and redemptions of gift cards are accounted for as separate performance obligations.

See Note 5 – “Revenue” for additional discussion of our revenue recognition policies as well as additional disclosures on revenue from contracts with customers.

Property and Equipment- Net

Property and Equipment is stated at cost and is depreciated or amortized using the straight-line method over the shorter of the estimated useful lives of the assets or the applicable lease terms. Lives used in computing depreciation and amortization range from two to twenty-five years. Expenditures for maintenance and repairs are charged to expense as incurred. Expenditures that materially increase values, improve capacities or extend useful lives are capitalized. Upon sale or retirement, the costs and related accumulated depreciation or amortization are eliminated from the respective accounts and any resulting gain or loss is included in operations.

Cloud Computing Arrangements that are Service Contracts

We account for the costs to implement hosted cloud computing arrangements that are considered to be service contracts in current and noncurrent other assets. We capitalize these costs based on the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. We amortize the costs over the related service contract period for the hosted arrangement.

Long-Lived Asset Impairment Testing

We periodically evaluate our long-lived assets for impairment if events or circumstances indicate that the carrying value may not be recoverable. The carrying value of long-lived assets is considered impaired when the carrying value of the assets exceeds the expected future cash flows to be derived from their use. Assets are grouped, and the evaluation is performed, at the lowest level for which there are identifiable cash flows, which is generally at a store level. Store level asset groupings typically include property and equipment and operating lease ROU assets. If the estimated, undiscounted future cash flows for a store are determined to be less than the carrying value of the store’s assets, an impairment loss is recorded for the difference between estimated fair value and carrying value. Assets subject to impairment are adjusted to estimated fair value and, if applicable, an impairment loss is recorded in Selling, General and Administrative Expenses. If the operating lease ROU asset is impaired, we would amortize the remaining ROU asset on a straight-line basis over the remaining lease term.

We estimate the fair value of our long-lived assets using store specific cash flow assumptions discounted by a rate commensurate with the risk involved with such assets while incorporating marketplace assumptions. Our estimates are derived from an income-based approach considering the cash flows expected over the remaining lease term for each location. These projections are primarily based on management’s estimates of store-level sales, exercise of future lease renewal options and the store’s contribution to cash flows and, by their nature, include judgments about how current initiatives will impact future performance. We estimate the fair value of operating lease ROU assets using the market value of rents applicable to the leased asset, discounted using the remaining lease term.

External factors, such as the local environment in which the store is located, including store traffic and competition, are evaluated in terms of their effect on sales trends. Changes in sales and operating income assumptions or unfavorable changes in external factors can significantly impact the estimated future cash flows. An increase or decrease in the projected cash flow can significantly impact the fair value of these assets, which may have an effect on the impairment recorded. If actual operating results or market conditions differ from those anticipated, the carrying value of certain of our assets may prove unrecoverable and we may incur additional impairment charges in the future.

Goodwill and Intangible Asset Impairment Testing

Goodwill recorded on our Consolidated Balance Sheets resulted from our acquisition of substantially all of the assets and liabilities of Shoe Station, Inc. ("Shoe Station") and is based on a fair value allocation of the purchase price at the time of acquisition. Goodwill is charged to expense only when it is impaired. We test for Goodwill impairment at the Shoe Station banner level. This test is performed at least annually and is performed at the beginning of our fiscal fourth quarter. No goodwill impairments were recognized in Fiscal 2022.

We also annually test non-amortizing Intangible Assets for impairment. Tradenames acquired as part of the Shoe Station acquisition are our primary non-amortizing Intangible Assets. No impairments were recognized in Fiscal 2022.

Insurance Reserves

We self-insure a significant portion of our workers’ compensation, general liability and employee health care costs and also maintain insurance in each area of risk to protect us from individual and aggregate losses over specified dollar values. Self-insurance reserves include estimates of claims filed, carried at their expected ultimate settlement value, and claims incurred but not yet reported. These estimates take into consideration a number of factors, including historical claims experience, severity factors, statistical trends and, in certain instances, valuation assistance provided by independent third parties. We record self-insurance expense as a component of Accrued and Other Liabilities in our Consolidated Balance Sheets and in Selling, General and Administrative Expenses in our Consolidated Statements of Income. While we believe that the recorded amounts are adequate, there can be no assurance that changes to management’s estimates will not occur due to limitations inherent in the estimating process. If actual results are not consistent with our estimates or assumptions, we may be exposed to losses or gains that could be material.

Consideration Received From a Vendor

Consideration is primarily received from merchandise vendors and includes co-operative advertising/promotion, margin assistance, damage allowances and rebates earned for a specific level of purchases over a defined period. Consideration principally takes the form of credits that we can apply against trade amounts owed.

Consideration is recorded as a reduction of the price paid for the vendor’s products and recorded as a reduction of our Cost of Sales unless the consideration represents a reimbursement of a specific, incremental, identifiable cost; in such a scenario, it is recorded as an offset to the same financial statement line item.

Consideration received after the related merchandise has been sold is recorded as an offset to Cost of Sales in the period negotiations are finalized. For consideration received on merchandise still in inventory, the allowance is recorded as a reduction to the cost of on-hand inventory and recorded as a reduction of our Cost of Sales at the time of sale. Should the consideration received be related to something other than the vendor’s product and such consideration received exceeds the incremental costs incurred, then the excess consideration is recorded as a reduction to the cost of on-hand inventory and allocated to Cost of Sales in future periods utilizing an average inventory turn rate.

Advertising Costs

Digital media, print, television, radio, outdoor media and internal production costs are expensed when incurred. External production costs are expensed in the period the advertisement first takes place. Advertising expenses included in Selling, General and Administrative Expenses were $55.9 million, $58.7 million and $42.1 million in fiscal years 2022, 2021 and 2020, respectively.

Store Opening and Start-up Costs

Non-capital expenditures, such as payroll, supplies and rent incurred prior to the opening of a new store, are charged to expense in the period they are incurred. Advertising related to new stores is expensed pursuant to the aforementioned advertising policy.

Stock-Based Compensation

We recognize compensation expense for stock-based awards using a fair value based method. Stock-based awards may include stock units, restricted stock, stock appreciation rights and other stock-based awards under our stock-based compensation plans. Additionally, we recognize stock-based compensation expense for the discount on shares sold to employees through our employee stock purchase plan. This discount represents the difference between the market price and the employee purchase price. Stock-based compensation expense is included in Selling, General and Administrative Expenses.

We account for forfeitures as they occur in calculating stock-based compensation expense for the period. For performance-based stock awards, we estimate the probability of vesting based on the likelihood that the awards will meet their performance goals.

Segment Information

We are a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. We operate our business as one reportable segment based on the similar nature of products sold; merchandising, distribution, and marketing processes involved; target customers; and economic characteristics of our stores and e-commerce platform. Due to our omnichannel retailer strategy, we view e-commerce sales as an extension of our physical stores.

Income Taxes

We compute income taxes using the asset and liability method, under which deferred income taxes are provided for the temporary differences between the financial reporting basis and the tax basis of our assets and liabilities. Deferred tax assets are reduced, if necessary, by a valuation allowance to the extent future realization of those tax benefits are uncertain. We report a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. We recognize interest expense and penalties, if any, related to uncertain tax positions in Income Tax Expense.

Net Income Per Share

The following table sets forth the computation of Basic and Diluted Net Income per Share as shown on the face of the accompanying Consolidated Statements of Income:


	Fiscal Year Ended
	January 28, 2023						January 29, 2022						January 30, 2021
	(In thousands, except per share data)
Basic Net Income per Share:	Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount
Net income	$	110,068					$	154,881					$	15,991
Conversion of share-based compensation arrangements		0						0						0
Net income available for basic common shares and basic net income per share	$	110,068		27,543	$	4.00	$	154,881		28,233	$	5.49	$	15,991		28,133	$	0.57
Diluted Net Income per Share:
Net income	$	110,068					$	154,881					$	15,991
Conversion of share-based compensation arrangements		0		269				0		363				0		363
Net income available for diluted common shares and diluted net income per share	$	110,068		27,812	$	3.96	$	154,881		28,596	$	5.42	$	15,991		28,496	$	0.56

The computation of Basic Net Income per Share is based on the weighted average number of common shares outstanding during the period. The computation of Diluted Net Income per Share is based on the weighted average number of shares outstanding plus the dilutive incremental shares that would be outstanding assuming the vesting of stock-based compensation arrangements involving restricted stock, restricted stock units and performance stock units. A small portion of these awards that were outstanding at the beginning of Fiscal 2020 had a non-forfeitable right to dividends. The computation of Diluted Net Income per Share excluded approximately 7,000 unvested stock-based awards for Fiscal 2022 and approximately 2,000 unvested stock-based awards for Fiscal 2020 because the impact would be anti-dilutive. For Fiscal 2021, all unvested stock-based awards were dilutive.

Litigation Matters

The accounting standard related to loss contingencies provides guidance regarding our disclosure and recognition of loss contingencies, including pending claims, lawsuits, disputes with third parties, investigations and other actions that are incidental to the operation of our business. The guidance utilizes the following defined terms to describe the likelihood of a future loss: (1) probable – the future event or events are likely to occur, (2) remote – the chance of the future event or events is slight and (3) reasonably possible – the chance of the future event or events occurring is more than remote but less than likely. The guidance also contains certain requirements with respect to how we accrue for and disclose information concerning our loss contingencies. We accrue for a loss contingency when we conclude that the likelihood of a loss is probable and the amount of the loss can be reasonably estimated. When the reasonable estimate of the loss is within a range of amounts, and no amount in the range constitutes a better estimate than any other amount, we accrue for the amount at the low end of the range. We adjust our accruals from time to time as we receive additional information, but the loss we incur may be significantly greater than or less than the amount we have accrued. We disclose loss contingencies if there is at least a reasonable possibility that a loss has been incurred. No accrual or disclosure is required for losses that are remote.

New Accounting Pronouncements

The Financial Accounting Standards Board ("FASB") issued guidance related to reference rate reform, which addresses contract modifications that may be necessary due to the expected discontinuance of LIBOR as a broadly used reference rate. The guidance was effective immediately and is available for contract modifications made through December 31, 2024. We adopted the guidance at the beginning of Fiscal 2022. This adoption did not have any impact on our consolidated financial position, results of operations or cash flows.

In October 2021, the FASB issued guidance related to accounting for contract assets and contract liabilities from contracts with customers in a business combination. Companies will be required to apply the definition of a

performance obligation under Accounting Standards Codification Topic 606 to recognize and measure contract assets and contract liabilities relating to contracts with customers that are acquired in a business combination. The guidance became effective for fiscal years beginning after December 15, 2022, with early adoption permitted. We adopted the guidance at the beginning of Fiscal 2022. This adoption did not have any impact on our consolidated financial position, results of operations or cash flows.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 28, 2023

Accounting Policies [Abstract]

Schedule of the Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of Basic and Diluted Net Income per Share as shown on the face of the accompanying Consolidated Statements of Income:


	Fiscal Year Ended
	January 28, 2023						January 29, 2022						January 30, 2021
	(In thousands, except per share data)
Basic Net Income per Share:	Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount
Net income	$	110,068					$	154,881					$	15,991
Conversion of share-based compensation arrangements		0						0						0
Net income available for basic common shares and basic net income per share	$	110,068		27,543	$	4.00	$	154,881		28,233	$	5.49	$	15,991		28,133	$	0.57
Diluted Net Income per Share:
Net income	$	110,068					$	154,881					$	15,991
Conversion of share-based compensation arrangements		0		269				0		363				0		363
Net income available for diluted common shares and diluted net income per share	$	110,068		27,812	$	3.96	$	154,881		28,596	$	5.42	$	15,991		28,496	$	0.56

Acquisition of Shoe Station (Tables)

12 Months Ended

Jan. 28, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Price Allocation

The following table summarizes the final allocation of the purchase price to the fair value of the assets acquired and liabilities assumed and reflects minor adjustments to the preliminary purchase price allocation as of January 29, 2022. The excess purchase price over the fair value of net assets acquired was allocated to Goodwill. The purchase price allocation was considered complete as of December 3, 2022.


(In thousands)
Fair value of identifiable assets and liabilities:
Merchandise inventories	$	27,708
Other assets		3,404
Property and equipment, net		6,045
Operating lease ROU assets		14,620
Shoe Station trade names		32,600
Goodwill		12,023
Total assets	$	96,400
Accounts payable		6,104
Operating lease liabilities		18,235
Accrued and other liabilities		1,761
Total liabilities	$	26,100
Purchase Price:
Total consideration, net of cash acquired	$	70,300

Fair Value of Financial Instruments (Tables)

12 Months Ended

Jan. 28, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis

The following table presents financial instruments that are measured at fair value on a recurring basis at January 28, 2023 and January 29, 2022:


	Fair Value Measurements
(In thousands)	Level 1		Level 2		Level 3		Total
As of January 28, 2023:
Cash equivalents – money market mutual funds	$	45,265	$	0	$	0	$	45,265
Marketable securities - mutual funds that fund deferred compensation		11,601		0		0		11,601
Total	$	56,866	$	0	$	0	$	56,866

As of January 29, 2022:
Cash equivalents – money market mutual funds	$	115,528	$	0	$	0	$	115,528
Marketable securities - mutual funds that fund deferred compensation		14,961		0		0		14,961
Total	$	130,489	$	0	$	0	$	130,489

Revenue (Tables)

12 Months Ended

Jan. 28, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Disaggregation by Product Category

Revenue is disaggregated by product category below. Net Sales and percentage of Net Sales for fiscal years 2022, 2021 and 2020 are as follows:


(In thousands)	January 28, 2023				January 29, 2022				January 30, 2021
Non-Athletics:
Women's	$	348,632	28	%	$	317,144	24	%	$	213,095	22	%
Men's		208,756	17			189,294	14			132,057	14
Children's		92,664	7			87,926	6			54,706	5
Total		650,052	52			594,364	44			399,858	41
Athletics:
Women's		181,348	14			212,669	16			180,664	18
Men's		204,766	16			264,417	20			214,010	22
Children's		150,622	12			183,211	14			125,728	13
Total		536,736	42			660,297	50			520,402	53
Accessories		68,757	5			67,168	5			48,282	5
Other		6,690	1			8,565	1			8,223	1
Total	$	1,262,235	100	%	$	1,330,394	100	%	$	976,765	100	%

Property and Equipment (Tables)

12 Months Ended

Jan. 28, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

The following is a summary of Property and Equipment:


(In thousands)	January 28, 2023			January 29, 2022
Land	$	1,564		$	1,564
Buildings		7,670			7,525
Furniture, fixtures and equipment		202,790			170,321
Leasehold improvements		163,929			129,550
Total		375,953			308,960
Less accumulated depreciation and amortization		(234,518	)		(220,427	)
Property and equipment – net	$	141,435		$	88,533

Accrued and Other Liabilities (Tables)

12 Months Ended

Jan. 28, 2023

Payables and Accruals [Abstract]

Schedule of Accrued and Other Liabilities

Accrued and Other Liabilities consisted of the following:


(In thousands)	January 28, 2023		January 29, 2022
Employee compensation and benefits	$	8,474	$	15,454
Sales and use tax		2,416		2,270
Gift cards		2,399		2,323
Self-insurance reserves		1,721		3,585
Current portion of non-qualified deferred compensation		1,514		3,725
Other		3,757		5,696
Total accrued and other liabilities	$	20,281	$	33,053

Leases (Tables)

12 Months Ended

Jan. 28, 2023

Leases [Abstract]

Schedule of Lease Related Costs

Lease-related costs reported in our Consolidated Statements of Income were as follows:


(In thousands)	2022		2021		2020
Operating lease cost	$	60,777	$	54,417	$	53,418
Variable lease cost
CAM, property taxes and insurance		19,001		18,914		19,805
Percentage rent and other variable lease costs		1,231		2,723		2,008
Total	$	81,009	$	76,054	$	75,231

Schedule of Other Information Related to Leases

Other information related to leases, including supplemental cash flow information, consists of:


(In thousands)	2022			2021			2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	48,991		$	46,562		$	38,477
ROU assets obtained in exchange for operating lease liabilities1	$	146,996		$	64,058		$	36,290

	As of			As of			As of
	January 28, 2023			January 29, 2022			January 30, 2021
Weighted-average remaining lease term for operating leases (in years)	7.3				6.0		6.1
Weighted-average discount rate for operating leases		4.2	%		5.2	%		5.2	%

1) Includes ROU assets added as part of the Shoe Station acquisition described in Note 3 - "Acquisition of Shoe Station"

Undiscounted Cash Flows to Operating Lease Liabilities

The following table reconciles the undiscounted cash flows for each of the first five years and the total of the remaining years to our operating lease liabilities as of January 28, 2023:


(In thousands)	Operating Leases
2023	$	71,596
2024		61,821
2025		50,619
2026		49,713
2027		42,946
Thereafter to 2034		119,396
Total undiscounted lease payments		396,091
Less: Imputed interest		52,863
Total operating lease liabilities		343,228
Less: Current portion of operating lease liabilities		58,154
Long-term portion of operating lease liabilities	$	285,074

Income Taxes (Tables)

12 Months Ended

Jan. 28, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The provision for income taxes consisted of:


(In thousands)	2022		2021		2020
Current:
Federal	$	15,542	$	38,576	$	2,233
State		4,919		8,076		887
Puerto Rico		2,050		2,730		241
Total current		22,511		49,382		3,361
Deferred:
Federal		11,712		1,296		2,122
State		1,878		390		(294	)
Puerto Rico		-		-		133
Total deferred		13,590		1,686		1,961
Valuation allowance		953		1,251		237
Total provision	$	37,054	$	52,319	$	5,559

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation between the statutory federal income tax rate and the effective income tax rate is as follows:


Fiscal years	2022			2021			2020
U.S. Federal statutory tax rate		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal tax benefit		3.5			3.6			2.4
Puerto Rico		0.6			0.6			1.7
Excess tax benefit on stock-based compensation		(0.4	)		(0.5	)		0.4
Other		0.5			0.6			0.3
Effective income tax rate		25.2	%		25.3	%		25.8	%

Schedule of Deferred Tax Asset/Liability

Deferred income taxes are the result of temporary differences in the recognition of revenue and expense for tax and financial reporting purposes. The sources of these differences and the tax effect of each are as follows:


(In thousands)	January 28, 2023			January 29, 2022
Deferred tax assets:
Lease obligations	$	83,473		$	55,126
Accrued compensation		4,496			3,917
Inventory		767			1,018
Other		4,639			3,719
Total deferred tax assets		93,375			63,780
Valuation allowance		(2,635	)		(1,682	)
Total deferred tax assets – net of valuation allowance		90,740			62,098
Deferred tax liabilities:
Lease ROU assets		78,627			50,363
Property and equipment		19,673			6,767
Other		4,284			2,269
Total deferred tax liabilities		102,584			59,399
Net long-term (liability) / asset	$	(11,844	)	$	2,699

Stock-Based Compensation (Tables)

12 Months Ended

Jan. 28, 2023

Schedule of Stock-based Compensation Expense

For fiscal years 2022, 2021 and 2020, stock-based compensation expense was comprised of the following:


(In thousands)	2022			2021			2020
Share-settled equity awards	$	5,542		$	5,234		$	3,426
Stock appreciation rights		(141	)		269			423
Employee stock purchase plan		33			28			34
Total stock-based compensation expense	$	5,434		$	5,531		$	3,883
Income tax benefit at statutory rates	$	1,368		$	1,399		$	1,002
Additional income tax (benefit)/expense on vesting of share-settled awards	$	(562	)	$	(992	)	$	81

Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock and other stock awards:


	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 29, 2022		0		$	0.00
Granted		19,487			24.12
Vested		(19,487	)		24.12
Outstanding at January 28, 2023		0		$	0.00

Summary of SARs Activity

The following table summarizes SARs activity:


	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)
Outstanding at January 29, 2022		84,800		$	30.94
Granted		0			0.00
Forfeited		(8,800	)		30.94
Exercised		0			0.00
Outstanding at January 28, 2023		76,000		$	30.94		1.2

Schedule of SARs Assumptions

The fair value was estimated using a trinomial lattice model with the following assumptions:


	January 28, 2023			January 29, 2022
Risk free interest rate yield curve	3.62%-4.68%			0.04%-1.61%
Expected dividend yield	1.3%			0.8%
Expected volatility		65.42	%		63.31	%
Maximum life	1.2 Years			2.2 Years
Exercise multiple		1.03			1.03
Maximum payout	$	5.00		$	5.00
Employee exit rate	2.2% - 9.0%			2.2% - 9.0%

Share-settled Equity Awards

Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock units and performance stock units:


	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 29, 2022		457,038		$	16.54
Granted		345,164			30.32
Vested		(178,425	)		18.26
Forfeited		(63,454	)		27.26
Outstanding at January 28, 2023		560,323		$	23.27

Organization and Description of Business (Narrative) (Details)	Jan. 28, 2023 State
Organization, Consolidation and Presentation of Financial Statements [Abstract]
'Number of states in which entity operates \| State	35

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) shares in Thousands	3 Months Ended	12 Months Ended		24 Months Ended
	Aug. 01, 2020	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cash and cash equivalents		$ 51,372,000	$ 117,443,000
Credit and debit card receivables		6,300,000	6,700,000
Goodwill impairments		0
Intangible assets impairments		$ 0
Credit and debit card receivable, settlement period, low end of range		3 days
Advertising expenses		$ 55,900,000	$ 58,700,000	$ 42,100,000
Topic 606
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Accounting policy early adoption		true
Accounting policy adopted		true
Accounting policy immaterial effect		true
Unvested Stock-based Awards
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Antidilutive securities excluded from computation of earnings per share, shares.		7,000		2,000
COVID-19 Impacts
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Percentage of stores opened	50.00%
Percentage of stores opened, effective date		early June

Summary of Significant Accounting Policies (Schedule of Net Income per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Basic Net Income per Share:
Net income	$ 110,068	$ 154,881	$ 15,991
Conversion of share-based compensation arrangements	0	0	0
Net income available for basic common shares and basic net income per share	$ 110,068	$ 154,881	$ 15,991
Basic, Shares	27,543	28,233	28,133
Basic, Per Share Amount	$ 4.00	$ 5.49	$ 0.57
Diluted Net Income per Share:
Net income	$ 110,068	$ 154,881	$ 15,991
Conversion of share-based compensation arrangements	0	0	0
Net income available for diluted common shares and diluted net income per share	$ 110,068	$ 154,881	$ 15,991
Conversion of share-based compensation arrangements, Shares	269	363	363
Diluted, Shares	27,812	28,596	28,496
Diluted, Per Share Amount	$ 3.96	$ 5.42	$ 0.56

Acquisition of Shoe Station (Narrative) (Details)		2 Months Ended	12 Months Ended
Acquisition of Shoe Station (Narrative) (Details)	Dec. 03, 2021 USD ($)	Jan. 29, 2022 USD ($)	Jan. 28, 2023 USD ($) Store State	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($)
Business Acquisition [Line Items]
Net sales			$ 1,262,235,000	$ 1,330,394,000	$ 976,765,000
Shoe Station
Business Acquisition [Line Items]
Business combination consideration transferred	$ 70,300,000
Cash consideration	$ 77,000
Number of stores operated \| Store			24
Number of southeastern states \| State			5
Number of stores acquired \| Store			21
Number of stores opened \| Store			3
Net sales		$ 16,600,000	$ 99,900,000
Acquisition-related costs				$ 3,200,000
Business combination goodwill and indefinite-lived intangible assets amortization period	15 years

Acquisition of Shoe Station - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Dec. 03, 2022	Jan. 29, 2022
Business Acquisition [Line Items]
Goodwill	$ 12,023		$ 11,384
Shoe Station [Member]
Business Acquisition [Line Items]
Merchandise inventories		$ 27,708
Other assets		3,404
Property and equipment, net		6,045
Operating lease ROU assets		14,620
Shoe Station trade names		32,600
Goodwill		12,023
Total assets		96,400
Accounts payable		6,104
Operating lease liabilities		18,235
Accrued and other liabilities		1,761
Total liabilities		26,100
Total consideration, net of cash acquired		$ 70,300

Fair Value of Financial Instruments (Schedule of Financial Instruments Measure at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents - money market mutual funds	$ 45,265	$ 115,528
Marketable securities - mutual funds that fund deferred compensation	11,601	14,961
Total	56,866	130,489
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents - money market mutual funds	45,265	115,528
Marketable securities - mutual funds that fund deferred compensation	11,601	14,961
Total	56,866	130,489
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents - money market mutual funds	0	0
Marketable securities - mutual funds that fund deferred compensation	0	0
Total	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents - money market mutual funds	0	0
Marketable securities - mutual funds that fund deferred compensation	0	0
Total	$ 0	$ 0

Fair Value of Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022
Fair Value Disclosures [Abstract]
Investment Owned, at Fair Value	$ 11.3
Accrued Liabilities and Other Liabilities	1.5	$ 3.7
Deferred Compensation Liability, Current	9.8
Cumulative unrealized losses related to equity securities	$ (2.9)

Revenue (Schedule of Revenue Disaggregation by Product Category) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Disaggregation Of Revenue [Line Items]
Net sales	$ 1,262,235	$ 1,330,394	$ 976,765
Sales Revenue Net \| Geographic Concentration Risk
Disaggregation Of Revenue [Line Items]
Percentage of net sales	100.00%	100.00%	100.00%
Net sales	$ 1,262,235	$ 1,330,394	$ 976,765
Sales Revenue Net \| Geographic Concentration Risk \| Non-Athletics
Disaggregation Of Revenue [Line Items]
Percentage of net sales	52.00%	44.00%	41.00%
Net sales	$ 650,052	$ 594,364	$ 399,858
Sales Revenue Net \| Geographic Concentration Risk \| Non-Athletics \| Women' s
Disaggregation Of Revenue [Line Items]
Percentage of net sales	28.00%	24.00%	22.00%
Net sales	$ 348,632	$ 317,144	$ 213,095
Sales Revenue Net \| Geographic Concentration Risk \| Non-Athletics \| Men' s
Disaggregation Of Revenue [Line Items]
Percentage of net sales	17.00%	14.00%	14.00%
Net sales	$ 208,756	$ 189,294	$ 132,057
Sales Revenue Net \| Geographic Concentration Risk \| Non-Athletics \| Children' s
Disaggregation Of Revenue [Line Items]
Percentage of net sales	7.00%	6.00%	5.00%
Net sales	$ 92,664	$ 87,926	$ 54,706
Sales Revenue Net \| Geographic Concentration Risk \| Athletics
Disaggregation Of Revenue [Line Items]
Percentage of net sales	42.00%	50.00%	53.00%
Net sales	$ 536,736	$ 660,297	$ 520,402
Sales Revenue Net \| Geographic Concentration Risk \| Athletics \| Women' s
Disaggregation Of Revenue [Line Items]
Percentage of net sales	14.00%	16.00%	18.00%
Net sales	$ 181,348	$ 212,669	$ 180,664
Sales Revenue Net \| Geographic Concentration Risk \| Athletics \| Men' s
Disaggregation Of Revenue [Line Items]
Percentage of net sales	16.00%	20.00%	22.00%
Net sales	$ 204,766	$ 264,417	$ 214,010
Sales Revenue Net \| Geographic Concentration Risk \| Athletics \| Children' s
Disaggregation Of Revenue [Line Items]
Percentage of net sales	12.00%	14.00%	13.00%
Net sales	$ 150,622	$ 183,211	$ 125,728
Sales Revenue Net \| Geographic Concentration Risk \| Accessories
Disaggregation Of Revenue [Line Items]
Percentage of net sales	5.00%	5.00%	5.00%
Net sales	$ 68,757	$ 67,168	$ 48,282
Sales Revenue Net \| Geographic Concentration Risk \| Other
Disaggregation Of Revenue [Line Items]
Percentage of net sales	1.00%	1.00%	1.00%
Net sales	$ 6,690	$ 8,565	$ 8,223

Revenue (Narrative) (Details) - USD ($)	12 Months Ended
Revenue (Narrative) (Details) - USD ($)	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Revenue from Contract with Customer [Abstract]
Refund liabilities	$ 866,000	$ 884,000
Return assets	503,000	516,000
Contract liabilities associated with unredeemed gift cards	2,400,000	2,300,000
Breakage revenue	0	0	$ 0
Net sales associated with loyalty rewards		5,500,000	$ 6,100,000	$ 4,400,000
Contract liabilities associated with loyalty rewards	$ 844,000	$ 852,000

Property and Equipment (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Property, Plant and Equipment [Line Items]
Total	$ 375,953	$ 308,960
Less accumulated depreciation and amortization	(234,518)	(220,427)
Property and equipment – net	141,435	88,533
Land
Property, Plant and Equipment [Line Items]
Total	1,564	1,564
Buildings
Property, Plant and Equipment [Line Items]
Total	7,670	7,525
Furniture, Fixtures and Equipment
Property, Plant and Equipment [Line Items]
Total	202,790	170,321
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Total	$ 163,929	$ 129,550

Property and Equipment (Narrative) (Details) - USD ($)	12 Months Ended
Property and Equipment (Narrative) (Details) - USD ($)	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Long-lived assets, impairment charges	$ 0	$ 1,300,000	$ 3,100,000
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense	Selling, General and Administrative Expense	Selling, General and Administrative Expense
Depreciation expense with property and equipment	$ 20,900,000	$ 14,700,000	$ 14,800,000
Property and equipment	375,953,000	308,960,000
Construction Work in Process
Property and equipment	$ 13,300,000	$ 13,300,000

Cloud Computing Arrangements that are Service Contracts - (Narrative) (Details) - Cloud Computing Arrangements - USD ($) $ in Millions	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Net capitalized costs	$ 16.7	$ 15.6
Total amortization expense related to cloud computing arrangements	2.3	4.0	$ 1.3
Other Current Assets
Finite-Lived Intangible Assets [Line Items]
Net capitalized costs	3.0	2.8
Other Noncurrent Assets
Finite-Lived Intangible Assets [Line Items]
Net capitalized costs	$ 13.7	$ 12.8

Accrued and Other Liabilities (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Payables and Accruals [Abstract]
Employee compensation and benefits	$ 8,474	$ 15,454
Sales and use tax	2,416	2,270
Gift cards	2,399	2,323
Self-insurance reserves	1,721	3,585
Current Portion of Non-qualified Deferred compensation	1,514	3,725
Other	3,757	5,696
Total accrued and other liabilities	$ 20,281	$ 33,053

Debt (Narrative) (Details) - USD ($)	1 Months Ended	2 Months Ended	12 Months Ended
Debt (Narrative) (Details) - USD ($)	Mar. 26, 2022	Mar. 23, 2022	Jan. 28, 2023	Jan. 29, 2022
Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, expiration date		Mar. 23, 2027
Amount outstanding during period			$ 0	$ 0
Maximum amount outstanding during period		$ 100,000,000	0	$ 0
Outstanding letters of credit			700,000
Line of credit, available borrowing amount			$ 99,300,000
Interest rate		3.00%
Maximum dividends or share repurchases per year without restriction		$ 15,000,000
Minimum maintenance of payment conditions for dividends and share repurchases		15,000,000
Line of credit swing line sublimit		15,000,000
Secured or unsecured Debt	$ 20,000,000
Line of credit facility minimum net worth		$ 250,000,000
Credit Agreement \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage rate	0.20%
Credit Agreement \| Maximum
Debt Instrument [Line Items]
Rent expenses	3.50%
Commitment fee percentage rate	0.30%
Credit Agreement \| Base Rate \| Minimum
Debt Instrument [Line Items]
Interest rate		0.00%
Credit Agreement \| Base Rate \| Maximum
Debt Instrument [Line Items]
Interest rate		1.00%
Credit Agreement \| SOFR plus \| Minimum
Debt Instrument [Line Items]
Interest rate		0.90%
Credit Agreement \| SOFR plus \| Maximum
Debt Instrument [Line Items]
Interest rate		1.90%
Previous Credit Agreement
Debt Instrument [Line Items]
Credit facility interest rate description			the Previous Credit Agreement bore interest, at our option, at (1) the agent bank’s prime rate as defined in the Previous Credit Agreement plus 1.0%, with the prime rate defined as the greater of (a) the Federal Fund rate plus 0.50% or (b) the interest rate announced from time to time by the agent bank as its “prime rate” or (2) LIBOR plus 1.50% to 2.50%, depending on our achievement of certain performance criteria. If the stated LIBOR rate was less than 0.75%, the LIBOR rate for purposes of calculating the interest rate under the Previous Credit Agreement would have been 0.75%.
Covenant description			(1) Total Shareholders’ Equity (as defined in the Previous Credit Agreement) could not fall below $250 million at the end of each fiscal quarter; (2) the ratio of funded debt plus three times rent expense to EBITDA (as defined in the Previous Credit Agreement) plus rent expense could not exceed 3.0 to 1.0, except for the fiscal quarters ending on or about July 31, 2020; October 31, 2020; and January 31, 2021; (3) the aggregate amount of cash dividends for a fiscal year could not exceed $10 million; and (4) distributions in the form of redemptions of Equity Interests (as defined in the Previous Credit Agreement) could be made solely with cash on hand so long as before and immediately after such distributions there were no revolving loans outstanding under the Previous Credit Agreement. We were in compliance with these covenants at January 29, 2022.
Previous Credit Agreement \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage rate			0.30%
Previous Credit Agreement \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage rate			0.40%

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Jan. 28, 2023	Jan. 30, 2021
Lessee, Lease, Description [Line Items]
Current lease expiration year	2034
Deferred lease payment		$ 3.1

Leases - Schedule of Lease Related Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Leases [Abstract]
Operating lease cost	$ 60,777	$ 54,417	$ 53,418
Variable lease cost
CAM, property taxes and insurance	19,001	18,914	19,805
Percentage rent and other variable lease costs	1,231	2,723	2,008
Total	$ 81,009	$ 76,054	$ 75,231

Leases - Schedule of Other Information Related to Leases (Details) - USD ($)
$ in Thousands

12 Months Ended

Jan. 28, 2023

Jan. 29, 2022

Jan. 30, 2021

Leases [Abstract]

Cash paid for amounts included in the measurement of operating lease liabilities

$ 48,991

$ 46,562

$ 38,477

ROU assets obtained in exchange for operating lease liabilities

^[1]

$ 146,996

$ 64,058

$ 36,290

Weighted-average remaining lease term for operating leases (in years)

7 years 3 months 18 days

6 years

6 years 1 month 6 days

Weighted-average discount rate for operating leases

4.20%

5.20%

[1]	Includes ROU assets added as part of the Shoe Station acquisition described in Note 3 - "Acquisition of Shoe Station"

Leases - Undiscounted Cash Flows to Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Leases [Abstract]
2023	$ 71,596
2024	61,821
2025	50,619
2026	49,713
2027	42,946
Thereafter to 2034	119,396
Total undiscounted lease payments	396,091
Less: Imputed interest	52,863
Total operating lease liabilities	343,228
Current portion of operating lease liabilities	58,154	$ 51,563
Long-term portion of operating lease liabilities	$ 285,074	$ 194,788

Income Taxes (Schedule of the Provision for Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Current:
Federal	$ 15,542	$ 38,576	$ 2,233
State	4,919	8,076	887
Puerto Rico	2,050	2,730	241
Total current	22,511	49,382	3,361
Deferred:
Federal	11,712	1,296	2,122
State	1,878	390	(294)
Puerto Rico			133
Total deferred	13,590	1,686	1,961
Valuation allowance	953	1,251	237
Total provision	$ 37,054	$ 52,319	$ 5,559

Income Taxes (Schedule of Reconciliation of Statutory Income Tax Rate) (Details)	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Income Tax Disclosure [Abstract]
U.S. Federal statutory tax rate	21.00%	21.00%	21.00%
State and local income taxes, net of federal tax benefit	3.50%	3.60%	2.40%
Puerto Rico	0.60%	0.60%	1.70%
Excess tax benefit on stock-based compensation	(0.40%)	(0.50%)	0.40%
Other	0.50%	0.60%	0.30%
Effective income tax rate	25.20%	25.30%	25.80%

Income Taxes (Schedule of Deferred Income Tax Assets/Liabilities) (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Deferred tax assets:
Lease obligations	$ 83,473	$ 55,126
Accrued compensation	4,496	3,917
Inventory	767	1,018
Other	4,639	3,719
Total deferred tax assets	93,375	63,780
Valuation allowance	(2,635)	(1,682)
Total deferred tax assets – net of valuation allowance	90,740	62,098
Deferred tax liabilities:
Lease ROU assets	78,627	50,363
Property and equipment	19,673	6,767
Other	4,284	2,269
Total deferred tax liabilities	102,584	59,399
Net long-term asset		$ 2,699
Net long-term (liability)	$ (11,844)

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($)	Jan. 28, 2023	Jan. 29, 2022
Income Tax Disclosure [Abstract]
Tax Credit Carryforward, Amount	$ 2,600,000	$ 1,700,000
Tax Credits Expiration Term	ten years
Unrecognized tax liabilities	$ 0	0
Unrecognized tax liabilities related accrued penalties or interest	$ 0	$ 0

Employee Benefit Plans (Narrative) (Details) - USD ($)	12 Months Ended
Employee Benefit Plans (Narrative) (Details) - USD ($)	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Contributions charged to expense	$ 1,000,000.0	$ 949,000	$ 851,000
Compensation (income) expense	330,000	1,300,000	$ 2,000,000.0
Accrued Liabilities and Other Liabilities	1,500,000	3,700,000
Total deferred compensation liability	$ 11,300,000	$ 14,600,000
United States Postretirement Benefit Plan of US Entity, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Requisite service period for participation	1 year
Requisite participant age	21 years
Requisite work hours for participation	1000 hours
Percentage of earnings which may be contributed	20.00%
Employee contribution percentage	4.00%
Eligible earnings which may be contributed, and matched by employer	50.00%
Foreign Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Requisite service period for participation	1 year
Requisite participant age	21 years
Requisite work hours for participation	1000 hours
Percentage of earnings which may be contributed	20.00%
Employee contribution percentage	4.00%
Eligible earnings which may be contributed, and matched by employer	50.00%

Stock-Based Compensation (Schedule of Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 5,434	$ 5,531	$ 3,883
Income tax benefit at statutory rates	1,368	1,399	1,002
Additional income tax (benefit)/expense on vesting of share-settled awards	(562)	(992)	81
Share-settled Equity Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	5,542	5,234	3,426
Stock Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	(141)	269	423
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 33	$ 28	$ 34

Stock Based Compensation (Narrative) (Details) - USD ($)	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock reserved for issuance	546,000
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Defined maximum gain	$ 5.00	$ 5.00
Exercise price		$ 30.94
Weighted average grant date fair value of awards	$ 0.81
Share-settled Equity Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awards vested during period	$ 3,300,000	$ 3,700,000	$ 4,400,000
Unrecognized share-based compensation expense	$ 6,800,000
Unrecognized compensation cost, recognition period	1 year 1 month 6 days
Weighted average grant date fair value of awards	$ 30.32	$ 28.25	$ 7.48
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awards vested during period	$ 500,000	$ 300,000	$ 1,600,000
Weighted average grant date fair value of awards	$ 24.12	$ 32.79	$ 12.46
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of unissued common stock reserved for future purchase	109,000
Shares of common stock reserved for issuance	450,000
Employee service period	1 year
Maximum ownership rate	10.00%
Purchase price, percentage of fair market value	85.00%
Maximum annual purchases under plan	$ 5,000
Shares issued under plan	9,000	6,000	16,000
Proceeds from issuance of shares under plan	$ 187,000	$ 160,000	$ 195,000

Stock-Based Compensation (Summary of Restricted Stock Awards Transactions) (Details) - $ / shares	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Share-settled Equity Awards
Number of Shares
Outstanding at January 29, 2022	457,038
Granted	345,164
Vested	(178,425)
Forfeited	(63,454)
Outstanding at January 28, 2023	560,323	457,038
Weighted-Average Grant Date Fair Value
Outstanding at January 29, 2022	$ 16.54
Granted	30.32	$ 28.25	$ 7.48
Vested	18.26
Forfeited	27.26
Outstanding at January 28, 2023	$ 23.27	$ 16.54
Restricted Stock
Number of Shares
Outstanding at January 29, 2022	0
Granted	19,487
Vested	(19,487)
Outstanding at January 28, 2023	0	0
Weighted-Average Grant Date Fair Value
Outstanding at January 29, 2022	$ 0.00
Granted	24.12	$ 32.79	$ 12.46
Vested	24.12
Outstanding at January 28, 2023	$ 0.00	$ 0.00

Stock-Based Compensation (Summary of SARs Activity) (Details) - SARs	12 Months Ended
	Jan. 28, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at January 29, 2022 \| shares	84,800
Granted \| shares	0
Forfeited \| shares	(8,800)
Exercised \| shares	0
Outstanding at January 28, 2023 \| shares	76,000
Outstanding at January 29, 2022 \| $ / shares	$ 30.94
Granted \| $ / shares	0.00
Forfeited \| $ / shares	30.94
Exercised \| $ / shares	0.00
Outstanding at January 28, 2023 \| $ / shares	$ 30.94
Outstanding at January 28, 2023	1 year 2 months 12 days

Stock Based Compensation (Schedule of SARs Assumptions) (Details) - SARs - $ / shares	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate yield curve, minimum	3.62%	0.04%
Risk free interest rate yield curve, maximum	4.68%	1.61%
Expected dividend yield	1.30%	0.80%
Expected volatility	65.42%	63.31%
Maximum life	1 year 2 months 12 days	2 years 2 months 12 days
Exercise multiple	$ 1.03	$ 1.03
Maximum payout	$ 5.00	$ 5.00
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee exit rate	2.20%	2.20%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee exit rate	9.00%	9.00%

Share Repurchase Program (Narrative) (Details) - USD ($) $ in Millions			12 Months Ended
	Dec. 14, 2022	Dec. 31, 2021	Jan. 29, 2023	Jan. 29, 2022	Jan. 30, 2021
Debt Instrument [Line Items]
Share repurchase program, authorized amount	$ 50.0	$ 50.0
Share repurchase program, expiration date	Dec. 31, 2023	Dec. 31, 2022
Share repurchase program, shares purchased			1,134,524	208,662	0
Share repurchase program, purchased amount			$ 30.5	$ 7.1

Litigation and Business Risk (Narrative) (Details) - Supplier Concentration Risk - Sales Revenue Net	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Nike, Inc.
Product Information [Line Items]
Concentration Risk, Percentage	14.00%	28.00%	33.00%
Skechers USA, Inc.
Product Information [Line Items]
Concentration Risk, Percentage	13.00%	11.00%	10.00%
Nike, Inc. and Skechers USA, Inc.
Product Information [Line Items]
Concentration Risk, Percentage	27.00%	39.00%	43.00%

Subsequent Events (Narrative) (Details) - $ / shares	Mar. 14, 2023	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Subsequent Event [Line Items]
Dividend declared, amount per share		$ 0.36	$ 0.28	$ 0.178
Scenario Forecast
Subsequent Event [Line Items]
Dividend declared, amount per share	$ 0.10
Dividend declared, payment date	Apr. 17, 2023
Dividend declared, record date	Apr. 03, 2023