Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Feb. 02, 2019	Mar. 15, 2019	Aug. 03, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	BJ's Wholesale Club Holdings, Inc.
Trading Symbol	BJ
Entity Central Index Key	0001531152
Current Fiscal Year End Date	--02-02
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Type	10-K
Document Period End Date	Feb. 02, 2019
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		137,830,842
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Public Float			$ 1,178,447,664

Consolidated Balance Sheets - USD ($)	Feb. 02, 2019	Feb. 03, 2018
Current assets:
Cash and cash equivalents	$ 27,146,000	$ 34,954,000
Accounts receivable, net	194,300,000	190,756,000
Merchandise inventories	1,052,306,000	1,019,138,000
Prepaid expenses and other current assets	63,454,000	81,972,000
Prepaid federal and state income taxes	0	9,784,000
Total current assets	1,337,206,000	1,336,604,000
Property and equipment:
Land and buildings	390,243,000	404,400,000
Leasehold costs and improvements	203,394,000	184,165,000
Furniture, fixtures and equipment	1,039,360,000	924,616,000
Construction in progress	23,749,000	20,775,000
Total property and equipment, gross	1,656,746,000	1,533,956,000
Less: accumulated depreciation and amortization	(907,968,000)	(775,206,000)
Total property and equipment, net	748,778,000	758,750,000
Goodwill	924,134,000	924,134,000
Intangibles, net	200,870,000	224,876,000
Other assets	28,297,000	29,492,000
Total assets	3,239,285,000	3,273,856,000
Current liabilities:
Current portion of long-term debt	254,377,000	219,750,000
Accounts payable	816,880,000	751,948,000
Accrued expenses and other current liabilities	504,834,000	495,767,000
Closed store obligations due within one year	739,000	2,122,000
Accrued federal and state income taxes	858,000	0
Total current liabilities	1,577,688,000	1,469,587,000
Long-term debt	1,546,471,000	2,492,660,000
Noncurrent closed store obligations	2,450,000	6,561,000
Deferred income taxes	36,937,000	57,074,000
Other noncurrent liabilities	277,823,000	267,393,000
Commitments and contingencies (see Note 8)
Contingently redeemable common stock, par value $0.01; no shares issued and outstanding at February 2, 2019 and 1,456 shares issued and outstanding at February 3, 2018	0	10,438,000
STOCKHOLDERS’ DEFICIT
Common stock; par value $0.01; 305,000 shares authorized, 138,099 shares issued and 137,317 shares outstanding at February 2, 2019; 305,000 shares authorized, 87,073 shares issued and outstanding at February 3, 2018	1,381,000	871,000
Additional paid-in capital	742,072,000	2,883,000
Accumulated deficit	(915,113,000)	(1,036,012,000)
Accumulated other comprehensive income (loss)	(11,315,000)	2,401,000
Treasury stock, at cost, 782 shares at February 2, 2019 and no shares at February 3, 2018	(19,109,000)	0
Total stockholders’ deficit	(202,084,000)	(1,029,857,000)
Total liabilities and stockholders’ deficit	$ 3,239,285,000	$ 3,273,856,000

Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Statement of Financial Position [Abstract]
Contingently redeemable common stock, par value (in usd per share)	$ 0.01	$ 0.01
Contingently redeemable common stock, issued (in shares)	0	1,456,000
Contingently redeemable common stock, outstanding (in shares)	0	1,456,000	1,043,000	945,000
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	305,000,000	305,000,000
Common stock, issued (in shares)	138,099,000	87,073,000
Common stock, outstanding (in shares)	137,317,000	87,073,000
Treasury stock (in shares)	782,000	0

Consolidated Statements Of Operations And Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Total revenues	$ 13,007,347	$ 12,754,589	$ 12,350,537
Cost of sales	10,646,452	10,513,492	10,223,017
Selling, general and administrative expenses	2,051,324	2,017,821	1,908,752
Preopening expense	6,118	3,004	2,749
Operating income	303,453	220,272	216,019
Interest expense, net	164,535	196,724	143,351
Income from continuing operations before income taxes	138,918	23,548	72,668
Provision (benefit) for income taxes	11,826	(28,427)	27,968
Income from continuing operations	127,092	51,975	44,700
Income (loss) from discontinued operations, net of income taxes	169	(1,674)	(476)
Net income	$ 127,261	$ 50,301	$ 44,224
Income per share attributable to common stockholders — basic:
Income from continuing operations (in usd per share)	$ 1.09	$ 0.59	$ 0.51
Loss from discontinued operations (in usd per share)	0.00	(0.02)	(0.01)
Net income (in usd per share)	1.09	0.57	0.50
Income (loss) per share attributable to common stockholders - diluted:
Income from continuing operations (in usd per share)	1.05	0.56	0.49
Loss from discontinued operations (in usd per share)	0.00	(0.02)	(0.01)
Net income (in usd per share)	$ 1.05	$ 0.54	$ 0.48
Weighted-average number of common shares outstanding:
Basic (in shares)	116,599,102	88,385,864	88,163,992
Diluted (in shares)	121,134,850	92,263,577	90,736,079
Other comprehensive income:
Postretirement medical plan adjustment, net of income tax of $94, $204 and $744, respectively	$ 240	$ (312)	$ (1,086)
Unrealized gain (loss) on cash flow hedge, net of income tax of $5,454, $0 and $25, respectively	(13,956)	0	38
Total other comprehensive income	(13,716)	(312)	(1,048)
Total comprehensive income	113,545	49,989	43,176
Product
Total revenues	12,724,454	12,495,995	12,095,302
Membership
Total revenues	$ 282,893	$ 258,594	$ 255,235

Consolidated Statements Of Operations And Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Income Statement [Abstract]
Postretirement medical plan adjustment, income tax	$ 94	$ (204)	$ (744)
Unrealized gain (loss) on cash flow hedge, income tax	$ (5,454)	$ 0	$ 25

Consolidated Statements Of Contingently Redeemable Common Stock And Stockholders' Deficit - USD ($) shares in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Treasury Stock
Beginning balance (in shares) at Jan. 30, 2016		87,073				0
Beginning balance at Jan. 30, 2016	$ (401,073,000)	$ 871,000	$ (4,289,000)	$ (400,984,000)	$ 3,329,000	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	44,224,000			44,224,000
Postretirement medical plan adjustment, net of tax	(1,086,000)				(1,086,000)
Unrealized loss on cash flow hedge, net of tax	38,000				38,000
Dividend paid	(25,000)		(25,000)
Stock compensation expense	11,828,000		11,828,000
Option exercises	(661,000)		(661,000)
Call of shares	(583,000)		(583,000)
Other equity transactions	127,000		127,000
Ending balance at Jan. 28, 2017	$ (347,211,000)	$ 871,000	6,397,000	(356,760,000)	2,281,000	$ 0
Ending balance (in shares) at Jan. 28, 2017		87,073				0
Beginning balance (in shares) at Jan. 30, 2016	945
Beginning balance at Jan. 30, 2016	$ 7,951,000
Increase (Decrease) in Temporary Equity [Roll Forward]
Options exercises (in shares)	217
Option exercises	$ 1,038,000
Call of shares (in shares)	(119)
Call of shares	$ (844,000)
Ending balance (in shares) at Jan. 28, 2017	1,043
Ending balance at Jan. 28, 2017	$ 8,145,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	50,301,000			50,301,000
Postretirement medical plan adjustment, net of tax	(312,000)				(312,000)
Unrealized loss on cash flow hedge, net of tax	0
Dividend paid	(735,518,000)		(6,397,000)	(729,121,000)
Stock compensation expense	9,102,000		9,102,000
Option exercises	(2,850,000)		(2,850,000)
Call of shares	(554,000)		(554,000)
Other equity transactions	(2,815,000)		(2,815,000)	(432,000)	432,000
Ending balance at Feb. 03, 2018	$ (1,029,857,000)	$ 871,000	2,883,000	(1,036,012,000)	2,401,000	$ 0
Ending balance (in shares) at Feb. 03, 2018	87,073	87,073				0
Increase (Decrease) in Temporary Equity [Roll Forward]
Options exercises (in shares)	616
Option exercises	$ 3,708,000
Call of shares (in shares)	(203)
Call of shares	$ (1,415,000)
Ending balance (in shares) at Feb. 03, 2018	1,456
Ending balance at Feb. 03, 2018	$ 10,438,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	127,261,000			127,261,000
Postretirement medical plan adjustment, net of tax	240,000				240,000
Unrealized loss on cash flow hedge, net of tax	(13,956,000)				(13,956,000)
Dividend paid	(25,000)		(25,000)
Common stock issued for public offering, net of related fees (in shares)		43,125
Common stock issued for public offering, net of related fees	685,889,000	$ 431,000	685,458,000
Common stock issued under stock incentive plans (in shares)		4,875
Common stock issued under stock incentive plans		$ 49,000	(49,000)
Stock reclassification as a result of public offering (in shares)		1,736
Stock reclassification as a result of public offering	$ 13,202,000	$ 17,000	13,185,000
Common stock issued related to follow-on offering (in shares)		1,290
Common stock issued related to follow-on offering		$ 13,000	(13,000)
Common stock repurchased upon vesting of stock awards (in shares)	(782)					(782)
Common stock repurchased upon vesting of stock awards	$ (19,109,000)					$ (19,109,000)
Stock compensation expense	57,677,000		57,677,000
Option exercises	(2,210,000)		(2,210,000)
Call of shares	(12,000)		(12,000)
Net shares used to pay tax withholdings upon option exercise	(22,883,000)		(22,883,000)
Net cash received on option exercises	8,061,000		8,061,000
Cumulative effect of change in Accounting principle	(6,362,000)			(6,362,000)
Ending balance at Feb. 02, 2019	$ (202,084,000)	$ 1,381,000	$ 742,072,000	$ (915,113,000)	$ (11,315,000)	$ (19,109,000)
Ending balance (in shares) at Feb. 02, 2019	137,317	138,099				(782)
Increase (Decrease) in Temporary Equity [Roll Forward]
Stock reclassification as a result of public offering (in shares)	(1,736)
Stock reclassification as a result of public offering	$ (13,202,000)
Options exercises (in shares)	280
Option exercises	$ 2,792,000
Call of shares	$ (28,000)
Ending balance (in shares) at Feb. 02, 2019	0
Ending balance at Feb. 02, 2019	$ 0

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 127,261	$ 50,301	$ 44,224
Adjustments to reconcile net income to net cash provided by operating activities:
Charges for discontinued operations	(235)	2,766	802
Depreciation and amortization	162,223	164,061	178,325
Amortization of debt issuance costs and accretion of original issues discount	6,556	8,463	17,091
Debt extinguishment and refinancing charges	23,602	9,788	0
Impairment charges for assets held for sale	3,962	0	0
Other non-cash items, net	2,362	3,892	32
Stock-based compensation expense	57,677	9,102	11,828
Deferred income tax provision	(12,314)	(35,623)	(23,530)
Increase (decrease) in cash due to changes in:
Accounts receivable	(3,976)	(24,507)	26,533
Merchandise inventories	(33,168)	12,706	30,010
Prepaid expenses and other current assets	26,338	(47,867)	16,184
Other assets	874	967	2,034
Accounts payable	68,884	36,081	(29,277)
Change in book overdrafts	(19,770)	7,523	(42,781)
Accrued expenses	13,738	23,241	49,441
Accrued income taxes	10,642	(12,651)	6,343
Closed store obligations	(5,259)	(2,354)	(1,942)
Other noncurrent liabilities	(2,294)	4,196	12,111
Net cash provided by operating activities	427,103	210,085	297,428
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment, net of disposals	(145,913)	(137,466)	(114,756)
Net cash used in investing activities	(145,913)	(137,466)	(114,756)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long term debt	0	547,544	0
Payments on long term debt	(36,167)	(14,437)	(65,161)
Paydown of the First Lien Term Loan and extinguishment of Second Lien Term Loan	(975,633)	0	0
Proceeds from ABL facility	1,587,000	1,645,000	1,166,000
Payments on ABL facility	(1,515,000)	(1,483,000)	(1,287,000)
Debt issuance costs paid	(982)	(24,635)	(754)
Dividends paid	(25)	(735,518)	(25)
Capital lease and financing obligations payments	(691)	(657)	(535)
Net cash received (paid) from stock option exercises	(14,240)	858	377
Cash paid for share repurchases/Acquisition of treasury stock	(19,109)	(1,969)	(1,427)
Proceeds from Initial Public Offering, net of underwriters discount and commission	690,970	0	0
Payment of Initial Public Offering costs	(5,081)	0	0
Other financing activities	(40)	(2,815)	407
Net cash used in financing activities	(288,998)	(69,629)	(188,118)
Net increase (decrease) in cash and cash equivalents	(7,808)	2,990	(5,446)
Cash and cash equivalents at beginning of period	34,954	31,964	37,410
Cash and cash equivalents at end of period	27,146	34,954	31,964
Supplemental cash flow information:
Interest paid, net of capitalized interest	152,882	152,178	126,919
Income taxes paid	15,845	14,820	45,746
Non-cash financing and investing activities:
Conversion of contingently redeemable common stock into common stock	13,202	0	0
Property additions included in accrued expenses	13,849	19,405	16,915
Property acquired through financing obligations	$ 0	$ 0	$ 6,500

Description of Business	12 Months Ended
Description of Business	Feb. 02, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business BJ’s Wholesale Club Holdings, Inc. and its wholly owned subsidiaries (the “Company” or “BJ’s”) is a leading warehouse club operator in the eastern United States of America. As of February 2, 2019, BJ’s operated 216 warehouse clubs in 16 states. BJ’s business, in common with the business of retailers generally, is subject to seasonal influences. Sales and operating income have typically been strongest in the fourth quarter holiday season and lowest in the first quarter of each fiscal year. BJ's Wholesale Club, Inc., the primary operating subsidiary of the registrant, was previously an independent publicly traded corporation until its acquisition on September 30, 2011, by a subsidiary of Beacon Holding Inc., a company incorporated on June 24, 2011 by investment funds affiliated with or advised by Leonard Green & Partners and CVC Capital Partners, (collectively, "the Sponsors") for the purpose of the acquisition. On February 23, 2018, Beacon Holding Inc. changed its name to BJ's Wholesale Club Holdings, Inc. On July 2, 2018, BJ's Wholesale Club Holdings, Inc. became a publicly traded entity in connection with its initial public offering ("IPO") of common stock and listing on the New York Stock Exchange ("NYSE") under the ticker symbol "BJ".

Summary of Significant Accounting Policies

12 Months Ended

Feb. 02, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements include the Company and its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

The Company’s fiscal year ends on the Saturday closest to January 31. Fiscal year 2018 (“2018") consists of the 52 weeks ended February 2, 2019, fiscal year 2017 (“2017”) consists of the 53 weeks ended February 3, 2018 and fiscal year 2016 (“2016”) consists of the 52 weeks ended January 28, 2017.

Initial Public Offering and 2018 Secondary Offering

On July 2, 2018, the Company completed its IPO, in which the Company issued and sold 43,125,000 shares of its common stock (including 5,625,000 shares of common stock that were subject to the underwriters’ option to purchase additional shares) at an initial public offering price of $17.00 per share. The Company received total aggregate proceeds of $685.9 million net of underwriters’ discounts, commissions and other transaction expenses, which totaled $47.2 million.

On July 2, 2018, the Company used the net proceeds from the IPO to extinguish the total outstanding balance of $623.3 million of its senior secured second lien term loan facility (the “Second Lien Term Loan”). See our Debt and Credit Arrangements footnote, for further discussion regarding the Second Lien Term Loan extinguishment.

On October 1, 2018, certain selling stockholders completed the registered sale of 32,200,000 shares of the Company’s common stock at a public offering price of $26.00 per share. Of the 32,200,000 shares sold, 4,200,000 shares represented the underwriters’ exercise of their overallotment option. The Company did not receive any proceeds from this offering or incur underwriters’ discounts or commissions on the sale. The Company incurred transaction costs of $2.4 million primarily for legal, accounting and printer services related to the offering.

Stock Split

On June 15, 2018, the Company effected a seven-to-one stock split of its issued and outstanding shares of common stock and proportional adjustment to the existing conversion ratios for each series of the Company’s Contingently Redeemable Common Stock (see Note 10). Accordingly, all shares and per share amounts for all periods presented in the accompanying consolidated financial statements and notes thereto have been adjusted retroactively, where applicable, to reflect this stock split and adjustment of the contingently redeemable common stock conversion ratios.

Deferred Offering Costs

The Company capitalized certain legal, professional, accounting and other third-party fees that were directly associated with the July 2, 2018 IPO as deferred offering costs. Upon the consummation of the IPO, $47.2 million was recorded in stockholders’ deficit as a reduction of additional paid-in capital.

Estimates Included in Financial Statements

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and stockholders’ equity, and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates relied upon in preparing these consolidated financial statements include, but are not limited to, revenue recognition; vendor rebates and allowances; estimating inventory reserves; estimating impairment assessments of goodwill, intangible assets, and other long-lived assets; estimating self-insurance reserves; estimating income taxes and equity-based compensation. Actual results could differ from those estimates.

Segment Reporting

The Company’s club retail operations, which represent substantially all of the Company’s consolidated total revenues, are the Company’s only reportable operating segment. All of the Company’s identifiable assets are located in the United States. The Company does not have significant sales outside the United States, nor does any customer represent more than 10% of total revenues for any period presented.

The following table summarizes the percentage of net sales by category:



	Fiscal Year
	2018 % of Total		2017 % of Total		2016 % of Total
Edible Grocery	24	%	24	%	25	%
Perishables	28	%	29	%	29	%
Non-Edible Grocery	21	%	21	%	22	%
General Merchandise	14	%	14	%	14	%
Gasoline & Other Ancillary Services	13	%	12	%	10	%

Concentration Risk

An adverse change in the Company’s relationships with its key suppliers could have a material effect on the business and results of operations of the Company. Currently, one distributor consolidates a substantial majority of perishables for shipment to the clubs. While the Company believes that such a consolidation is in its best interest overall, a prolonged disruption in logistics processes could materially impact sales and profitability for the near term.

All of the warehouse clubs are located in the eastern United States. Sales from the New York metropolitan area made up approximately 25% of net sales in 2018, 2017 and 2016.

Financial instruments that potentially subject the Company to concentrations of credit risk principally consist of cash held in financial institutions. The Company considers the credit risk associated with these financial instruments to be minimal. Cash is held by financial institutions with high credit ratings and the Company has not historically sustained any credit losses associated with its cash balances.

Cash and Cash Equivalents

Highly liquid investments with a maturity of three months or less at the time of purchase are considered to be cash equivalents. Book overdrafts not subject to offset with other accounts with the same financial institution are classified as accounts payable.

Accounts Receivable

Accounts receivable consists primarily of credit card receivables and receivables from vendors related to rebates and coupons and is stated net of allowances for doubtful accounts of $0.9 million at February 2, 2019 and $1.2 million at February 3, 2018. The determination of the allowance for doubtful accounts is based on BJ’s historical experience applied to an aging of accounts and a review of individual accounts with a known potential for write-off.

Merchandise Inventories

Inventories are stated at the lower of cost, determined under the average cost method, or net realizable value. The Company recognizes the write-down of slow-moving or obsolete inventory in cost of sales when such write-downs are probable and estimable. The Company writes down inventory for estimated shrinkage for the period between physical inventories based on historical results of previous physical inventories, shrinkage trends or other judgments management believes to be reasonable under the circumstances.

Property and Equipment

Property and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line method. Buildings and improvements are depreciated over estimated useful lives of 33 years. Interest related to the development of buildings is capitalized during the construction period. Leasehold costs and improvements are amortized over the remaining lease term (which includes renewal periods that are reasonably assured) or the asset’s estimated useful life, whichever is shorter. Furniture, fixtures and equipment are depreciated over estimated useful lives, ranging from three to ten years. Depreciation expense was $140.4 million in 2018, $138.0 million in 2017 and $149.5 million in 2016.

Certain costs incurred in connection with developing or obtaining computer software for internal use are capitalized. Capitalized software costs are included in furniture, fixtures, and equipment and are amortized on a straight-line basis over the estimated useful life of the software, which is three to seven years. Software costs not meeting the criteria for capitalization are expensed as incurred.

Expenditures for betterments and major improvements that significantly enhance the value and increase the estimated useful life of the assets are capitalized and depreciated over the new estimated useful life. Repairs and maintenance costs on all assets are expensed as incurred.

Deferred Issuance Costs

The Company defers costs directly associated with acquiring third-party financing. Debt issuance costs related to the term loans are recorded as a direct deduction from the carrying amount of the debt and debt issuance costs associated with the ABL are recorded within other assets. Debt issuance costs are amortized over the term of the related financing arrangements on a straight-line basis, which is materially consistent with the effective interest method. Amortization of deferred debt issuance costs is recorded in interest expense and was $3.3 million in 2018, $4.1 million in 2017 and $7.7 million in 2016.

Goodwill and Indefinite-Lived Intangible Assets

Goodwill and indefinite-lived trade name intangible assets are not subject to amortization. The Company assesses the recoverability of its goodwill and trade name annually in the fourth quarter or whenever events or changes in circumstances indicate it may be impaired. The Company has determined it has one reporting unit for goodwill impairment testing purposes.

The Company may assess its goodwill for impairment initially using a qualitative approach (“step zero”) to determine whether conditions exist to indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying value. If management concludes, based on its assessment of relevant events, facts and circumstances that it is more likely than not that a reporting unit’s carrying value is greater than its fair value, then a quantitative analysis will be performed to determine if there is any impairment. The Company may also elect to initially perform a quantitative analysis instead of starting with step zero. The quantitative assessment for goodwill is a two-step assessment. “Step one” requires comparing the carrying value of a reporting unit, including goodwill, to its fair value. If the fair value of the reporting unit exceeds its carrying amount, goodwill is not considered to be impaired and no further testing is required. If the carrying amount of the reporting unit exceeds its fair value, the second step of the goodwill impairment test is to measure the amount of impairment loss, if any. “Step two” compares the implied fair value of goodwill to the carrying amount of goodwill. The implied fair value of goodwill is determined by a hypothetical purchase price allocation using the reporting unit’s fair value as the purchase price. If the carrying amount of goodwill exceeds the implied fair value, an impairment charge is recorded to write down goodwill to its implied fair value and is recorded as a component of selling, general and administrative expense (“SG&A”). The Company assessed the recoverability of goodwill in fiscal years 2018, 2017 and 2016 and determined that there was no impairment.

The Company assesses the recoverability of its trade name whenever there are indicators of impairment, or at least annually in the fourth quarter. If the recorded carrying value of the trade name exceeds its estimated fair value, the Company records a charge to write the intangible asset down to its estimated fair value as a component of SG&A. The Company assessed the recoverability of the BJ’s trade name and determined that its estimated fair value exceeded its carrying value and that no impairment was necessary in fiscal years 2018, 2017 or 2016.

Impairment of Long-lived Assets

The Company reviews the realizability of long-lived assets periodically and whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Current and expected operating results and cash flows and other factors are considered in connection with management’s reviews. For purposes of evaluating the recoverability of long-lived assets, the recoverability test is performed using undiscounted net cash flows of individual clubs and consolidated net cash flows for long-lived assets not identifiable to individual clubs. Impairment losses are measured as the difference between the carrying amount and the estimated fair value of the assets being evaluated. In fiscal year 2018 we recorded an impairment loss of $4.0 million on the fixed assets of Hooksett, New Hampshire to lower the carrying value of the fixed assets to its estimated fair value less cost to sell. No impairment charges were recorded in fiscal years 2017 or 2016.

Asset Retirement Obligations

An asset retirement obligation represents a legal obligation associated with the retirement of a tangible long-lived asset that is incurred upon the acquisition, construction, development or normal operation of that long-lived asset. The Company recognizes asset retirement obligations in the period in which they are placed in service, if a reasonable estimate of fair value can be made. The asset retirement obligation is subsequently adjusted for changes in fair value. The associated estimated asset retirement costs are capitalized in leasehold improvements and depreciated over their useful life. The Company’s asset retirement obligations relate to the future removal of gasoline tanks and solar panels installed at leased clubs and the related assets associated with the gas stations and solar panel locations. See our Asset Retirement Obligations footnote for further information on the amounts accrued.

Self-Insurance Reserves

The Company is primarily self-insured for workers’ compensation, general liability claims and medical claims. Reported reserves for these claims are derived from estimated ultimate costs based upon individual claim file reserves and estimates for incurred but not reported claims. The Company carries stop-loss insurance on its workers’ compensation and general liability claims to mitigate its exposure to large claims.

Revenue Recognition

At the beginning of fiscal year 2018, the Company adopted the provisions of ASC 606, Revenue from Contracts with Customers, and related amendments (“ASC 606”) using the modified retrospective adoption method. The following describes the changes to the Company’s accounting policies due to the adoption of ASC 606:

The Company uses the five-step model to recognize revenue:

1)Identify the contract with the customer;

2)Identify the performance obligation;

3)Determine the transaction price;

4)Allocate the transaction price to each performance obligation if multiple obligations exist; and

5)Recognize the revenue as the performance obligations are satisfied.

Performance Obligations

The Company identifies each distinct performance obligation to transfer goods (or bundle of goods) or services. The Company recognizes revenue when (or as) it satisfies a performance obligation by transferring control of the goods or services to the customer.

Merchandise sales—The Company recognizes sale of merchandise at clubs and gas stations at the point of sale when the customer takes possession of the goods and tenders payment. At point of sale, the performance obligation is satisfied because control of the merchandise transfers to the customer. Sales of merchandise at the Company’s clubs and gas stations, excluding sales taxes, represent approximately 97% of the Company’s net sales and approximately 95% of the Company’s total revenues. Sales taxes are recorded as a liability at the point of sale. Revenue is recorded at the point of sale based on the transaction price on the merchandise tag, net of any applicable discounts, sales taxes and expected refunds. For e-commerce sales, the Company recognizes sales when control of the merchandise is transferred to the customer, which is typically at the shipping point.

BJ's Perks Rewards— The Company’s BJ’s Perks Rewards members earn 2% cash back, up to a maximum of $500 per year, on all qualified purchases made at BJ’s. The Company’s My BJ’s Perks^® Mastercard^®credit card holders earn 3% or 5% cash back on all qualified purchases made at BJ’s and 1% or 2% cash back on purchases made with the card outside of BJ’s. Cash back is in the form of electronic awards issued in $20 increments that may be used at checkout at BJ's and expire six months from the date issued. The Company accounts for the awards as a reduction of net sales, with the related liability classified within other current liabilities. This liability was $25.8 million at February 2, 2019 and $22.7 million at February 3, 2018.

Earned awards may be redeemed on future purchases made at the Company. The Company recognizes revenue for earned awards when customers redeem such awards as part of a purchase at one of the Company’s clubs or the Company’s website. The Company accounts for these transactions as multiple element arrangements and allocates the transaction price to separate performance obligations using their relative fair values. The Company includes the fair value of award dollars earned in deferred revenue at the time the award dollars are earned.

Royalty revenue received in connection with the co-brand credit card program is variable consideration and is considered constrained until the card holder makes a purchase. The Company's total deferred royalty revenue related to the My BJ's Perks credit card program was $13.4 million at February 2, 2019. The timing of revenue recognition of this deferred balance is driven by actual customer activities, such as redemptions and expirations. The Company expects to recognize $11.5 million of the deferred revenue at February 2, 2019 in fiscal year 2019, and the remainder will be recognized in the years thereafter.

Membership—The Company charges a membership fee to its customers. That fee allows customers to shop in the Company’s clubs, shop on the Company’s website and purchase gas at the Company’s gas stations for the duration of the membership, which is generally 12 months. Because the Company has the obligation to provide access to its clubs, website and gas stations for the duration of the membership term, the Company recognizes membership fees on a straight-line basis over the life of the membership. The Company’s deferred revenue related to membership fees was $134.4 million and $125.6 million at February 2, 2019 and February 3, 2018, respectively.

Gift Card Programs—The Company sells BJ’s gift cards that allow the customer to redeem the card for future purchases equal to the amount of the original purchase price of the gift card. Revenue from gift card sales is recognized upon redemption of the gift card because the Company’s performance obligation to redeem the gift card for merchandise is satisfied when the gift card is redeemed. Historically, the Company has recognized breakage under the remote model, which recognizes breakage income when the likelihood of the customer exercising its remaining rights becomes remote. Under the new guidance, the Company recognizes breakage in proportion to its rate of gift card redemptions. This change in breakage recognition model resulted in a $1.8 million increase to accumulated deficit upon adoption and had an immaterial impact on the Company’s results of operations for the fiscal year ended February 2, 2019. Deferred revenue related to gift cards was $8.8 million immediately after the adoption and $9.1 million at February 2, 2019. The Company recognized approximately $50.0 million of revenue from gift card redemptions in the fiscal year ended February 2, 2019.

Warranty Programs

The Company passes on any manufacturers’ warranties to the members. In addition, BJ’s includes an extended warranty on tires sold at the clubs, under which BJ’s customers receive tire repair services or tire replacement in certain circumstances. This warranty is included in the sale price of the tire and it cannot be declined by the customers. The Company is fully liable for claims under the tire warranty program. As the primary obligor in these arrangements, associated revenue is recognized on the date of sale and an estimated warranty obligation is accrued based on claims experience. The liability for future claims under this program is not material to the financial statements.

Extended warranties are also offered on certain types of products such as appliances, electronics and jewelry. These warranties are provided by a third party at fixed prices to BJ’s. No liability is retained to satisfy warranty claims under these arrangements. The Company is not the primary obligor under these warranties, and as such net revenue is recorded on these arrangements at the time of sale. Revenue from warranty sales is included in net sales on the income statement.

Determine the Transaction Price

The transaction price is the amount of consideration the Company expects to receive under the arrangement. The Company is required to estimate variable consideration (if any) and to factor that estimate into the determination of the transaction price. The Company may offer sales incentives to customers, including discounts. For retail transactions, the Company has significant experience with return patterns and relies on this experience to estimate expected returns when determining the transaction price.

Returns and Refunds—The Company’s products are generally sold with a right of return and may provide other credits or incentives, which are accounted for as variable consideration when estimating the amount of revenue to recognize. The Company records an allowance for returns based on current period revenues and historical returns experience. The Company analyzes actual historical returns, current economic trends and changes in sales volume and acceptance of the Company’s products when evaluating the adequacy of the sales returns allowance in any accounting period.

The sales returns reserve, which reduces sales and cost of sales for the estimated impact of returns, was $6.8 million in 2018, $1.5 million in 2017 and $2.0 million in 2016.

Customer Discounts—Discounts given to customers are usually in the form of coupons and instant markdowns and are recognized as redeemed and recorded in contra revenue accounts, as they are part of the transaction price of the merchandise sale. Manufacturer coupons that are available for redemption at all retailers are not reduced from the sale price of merchandise.

Agent Relationships

Ancillary Business Revenue—The Company enters into certain agreements with service providers that offer goods and services to the Company’s members. These service providers sell goods and services including home improvement services, vision care and cell phones to the Company’s customers. In exchange, the Company receives payments in the form of commissions and other fees. The Company evaluates the relevant criteria to determine whether they serve as the principal or agent in these contracts with customers, in determining whether it is appropriate in these arrangements to record the gross amount of merchandise sales and related costs, or the net amount earned as commissions. When the Company is considered the principal in a transaction, revenue is recorded gross; otherwise, revenue is recorded on a net basis. The majority of the Company’s ancillary business revenue is recorded on a net basis. Commissions received from these service providers are considered variable consideration and are constrained until the third-party customer makes a purchase from one of the service providers.

Significant Judgments

Standalone Selling Prices—For arrangements that contain multiple performance obligations, the Company allocates the transaction price to each performance obligation on a relative standalone selling price basis.

Costs Incurred to Obtain a Contract—Incremental costs to obtain contracts are not material to the Company.

Policy Elections

In addition to those previously disclosed, the Company has made the following accounting policy elections and practical expedients:

Portfolio Approach—The Company uses the portfolio approach when multiple contracts or performance obligations are involved in the determination of revenue recognition.

Taxes—The Company excludes from the transaction price any taxes collected from customers that are remitted to taxing authorities.

Shipping and Handling Charges—Charges that are incurred before and after the customer obtains control of goods are deemed to be fulfillment costs.

Time Value of Money—The Company’s payment terms are less than one year from the transfer of goods. Therefore, the Company does not adjust promised amounts of consideration for the effects of the time value of money.

Disclosure of Remaining Performance Obligations—The Company does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations for contracts that are one year or less in term. Additionally, the Company does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations when the transaction price is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a good or service that forms part of a series of distinct goods or services.

Cost of Sales

The Company’s cost of sales includes the direct costs of sold merchandise, which includes customs, taxes, duties and inbound shipping costs, inventory shrinkage and adjustments and reserves for excess, aged and obsolete inventory. Cost of goods sold also includes certain distribution center costs and allocations of certain indirect costs, such as occupancy, depreciation, amortization, labor and benefits.

Presentation of Sales Tax Collected from Customers and Remitted to Governmental Authorities

In the ordinary course of business, sales tax is collected on items purchased by the members that are taxable in the jurisdictions when the purchases take place. These taxes are then remitted to the appropriate taxing authority. These taxes collected are excluded from revenues in the financial statements.

Vendor Rebates and Allowances

The Company receives various types of cash consideration from vendors, principally in the form of rebates, based on purchasing or selling certain volumes of product, time-based rebates or allowances, which may include product placement allowances or exclusivity arrangements covering a predetermined period of time, price protection rebates and allowances for retail price reductions on certain merchandise and salvage allowances for product that is damaged, defective or becomes out-of-date.

Such vendor rebates and allowances are recognized based on a systematic and rational allocation of the cash consideration offered to the underlying transaction that results in progress by BJ’s toward earning the rebates and allowances, provided the amounts to be earned are probable and reasonably estimable. Otherwise, rebates and allowances are recognized only when predetermined milestones are met. The Company recognizes product placement allowances as a reduction of cost of sales in the period in which the product placement is completed. Time-based rebates or allowances are recognized as a reduction of cost of sales over the performance period on a straight-line basis. All other vendor rebates and allowances are recognized as a reduction of cost of sales when the merchandise is sold or otherwise disposed.

Cash consideration is also received for advertising products in publications sent to BJ’s members. Such cash consideration is recognized as a reduction of SG&A to the extent it represents a reimbursement of specific, incremental and identifiable SG&A costs incurred by BJ’s to sell the vendors’ products. If the cash consideration exceeds the costs being reimbursed, the excess is characterized as a reduction of cost of sales. Cash consideration for advertising vendors’ products is recognized in the period in which the advertising takes place.

Manufacturers’ Incentives Tendered by Consumers

Consideration from manufacturers’ incentives (such as rebates or coupons) is recorded gross in net sales when the incentive is generic and can be tendered by a consumer at any reseller and the Company receives direct reimbursement from the manufacturer, or clearinghouse authorized by the manufacturer, based on the face value of the incentive. If these conditions are not met, such consideration is recorded as a decrease in cost of sales.

Leases

The majority of leases are accounted for as operating leases in accordance with ASC 840, Leases. Assets subject to an operating lease and the related lease payments are not recorded on the balance sheet. Rent expense is recognized on a straight-line basis over the expected lease term. The lease term begins on the date the Company becomes legally obligated for the rent payments or takes possession of the property, whichever is earlier. The lease term includes cancelable option periods where failure to exercise such options would result in economic penalty.

Sometimes, the Company is involved in the construction of leased clubs. In these situations, the Company evaluates whether it is deemed the owner of the club for accounting purposes. If deemed the owner of the construction project, the Company capitalizes the construction costs of the club on the balance sheet and records financing obligations equal to the cash proceeds or fair value of the assets received from the landlord. Upon the completion of the project, a sale-leaseback analysis is performed pursuant to current leasing guidance to determine if the assets and related financing obligations can be removed from the balance sheet. Assuming the assets and liabilities are removed from the balance sheet, leases are classified as either operating or capital. In some of the leases, the Company is reimbursed only a portion of the construction cost or the lease has terms that fix the rental payments for a significant percentage of the leased asset’s economic life. These items generally are considered continuing involvement which precludes removing the assets and related financing obligation from the balance sheet when construction is complete. Rent expense is not reported for any properties which are considered owned for accounting purposes. Rental payments under these leases are allocated as a reduction of the financing obligation and interest expense.

Assets recorded under capital lease and financing obligations are included in land and buildings on the balance sheet and are depreciated over their estimated useful lives using the straight-line method. As of February 2, 2019, and February 3, 2018, the gross amount of assets recorded under capital lease and financing obligations was $41.6 million and $49.4 million, respectively. Related accumulated depreciation for these assets as of February 2, 2019 and February 3, 2018 was $12.6 million and $12.2 million, respectively.

Preopening Costs

Preopening costs consist of direct incremental costs of opening or relocating a facility and are expensed as incurred.

Advertising Costs

Advertising costs generally consist of efforts to acquire new members and typically include media advertising (some of which is vendor-funded). BJ’s expenses advertising as incurred as a component of SG&A. Advertising expenses were approximately 0.7%, 0.6% and 0.5% of net sales in 2018, 2017 and 2016, respectively.

Stock-Based Compensation

The fair value of service-based employee awards is recognized as compensation expense on a straight-line basis over the requisite service period of the award. The fair value of the performance-based awards is recognized as compensation expense ratably over the service period of each performance tranche. The fair value of the stock-based awards is determined using the Black-Scholes option pricing model. Determining the fair value of options at the grant date requires judgment, including estimating the expected term that stock options will be outstanding prior to exercise and the associated volatility.

Prior to the consummation of the IPO on June 28, 2018, the estimated fair value of the Company's stock was determined by its board of directors, with input from management and considering third-party valuations of common stock. Subsequent to the IPO date, the Company's common stock was listed on the New York Stock Exchange ("NYSE") and its value was determined by the market price on the NYSE. See our Stock Incentive Plans footnote for additional description of the accounting for stock-based awards.

Earnings Per Share

Basic net income per share attributable to common stockholders is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period, including contingently redeemable common stock recorded outside of stockholders’ equity. Basic income from continuing operations per share attributable to common stockholders is calculated by dividing income from continuing operations available to common stockholders by the weighted average number of common shares outstanding for the period, including contingently redeemable common stock recorded outside of stockholders’ equity. Basic loss from discontinuing operations per share attributable to common stockholders is calculated by dividing loss from discontinuing operations available to common stockholders by the weighted average number of common shares outstanding for the period, including contingently redeemable common stock recorded outside of stockholders’ equity.

Diluted net income per share attributable to common stockholders is calculated by dividing net income available to common stockholders by the diluted weighted average number of common shares outstanding for the period. Diluted income from continuing operations per share attributable to common stockholders is calculated by dividing income from continuing operations available to common stockholders by the diluted weighted average number of common shares outstanding for the period. Diluted loss from discontinuing operations per share attributable to common stockholders is calculated by dividing loss from discontinuing operations available to common stockholders by the diluted weighted average number of common shares outstanding for the period.

Income Taxes

The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial statement carrying values and their respective tax bases, using enacted tax rates expected to be applicable in the years in which the temporary differences are expected to reverse. Changes in deferred tax assets and liabilities are recorded in the provision for income taxes. The Company evaluates the realizability of its deferred tax assets and establishes a valuation allowance when it is more likely than not that all or a portion of the deferred tax assets will not be realized. Potential for recovery of deferred tax assets is evaluated by estimating the future taxable profits expected, scheduling of anticipated reversals of taxable temporary differences, and considering prudent and feasible tax planning strategies.

The Company records liabilities for uncertain income tax positions based on a two-step process. The first step is recognition, where an individual tax position is evaluated as to whether it has a likelihood of greater than 50% of being sustained upon examination based on the technical merits of the position, including resolution of any related appeals or litigation processes. For tax positions that are currently estimated to have less than a 50% likelihood of being sustained, no tax benefit is recorded. For tax positions that have met the recognition threshold in the first step, the Company performs the second step of measuring the benefit to be recorded. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized on ultimate settlement. The actual benefits ultimately realized may differ from the estimates. In future periods, changes in facts, circumstances and new information may require the Company to change the recognition and measurement estimates with regard to individual tax positions. Changes in recognition and measurement estimates are recorded in income tax expense and liability in the period in which such changes occur.

Any interest or penalties incurred related to unrecognized tax benefits are recorded as a component of the provision for income tax expense.

Derivative Financial Instruments

All derivatives are recognized as either assets or liabilities on the consolidated balance sheet and measurement of these instruments is at fair value. If the derivative is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded as a component of accumulated other comprehensive income and are recognized in the consolidated statement of operations when the hedged item affects earnings. Any portion of the change in fair value that is determined to be ineffective is immediately recognized in earnings as SG&A. Derivative gains or losses included in accumulated other comprehensive income are reclassified into earnings at the time the hedged transaction occurs as a component of SG&A.

Fair Value of Financial Instruments

Certain assets and liabilities are carried at fair value in accordance with GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

The Company uses a three-level hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. Financial assets and liabilities carried at fair value are to be classified and disclosed in one of the following three levels of the fair value hierarchy, of which the first two are considered observable and the last is considered unobservable:


•	Level 1, quoted market prices in active markets for identical assets or liabilities.


•	Level 2, observable inputs other than quoted market prices included in Level 1 such as quoted market prices for markets that are not active or other inputs that are observable or can be corroborated by observable market data.


•	Level 3, unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities, including certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

Comprehensive Income

Comprehensive income is a measure of net income and all other changes in equity that result from transactions other than with equity holders, and would normally be recorded in the consolidated statements of stockholders’ equity and the consolidated statements of comprehensive income. Other comprehensive income consists of unrealized gains and losses from derivative instruments designated as cash flow hedges, and postretirement medical plan adjustments.

Recently Adopted Accounting Pronouncements

Revenue from Contracts with Customers (ASU 2014-09)

In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (“ASC No. 606”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU replaced most existing revenue recognition guidance in U.S. GAAP as of its effective date.

The Company adopted the new guidance at the beginning of fiscal year 2018 using the modified retrospective adoption method and recognized the cumulative effect of initially applying the new guidance as an adjustment to the opening balance of accumulated deficit. The new guidance was only applied to contracts not completed as of the initial date of application. Additionally, any contract that was modified prior to the adoption date has been reflected in the cumulative adjustment giving effect to the aggregate effect of all contract modifications prior to the initial application date. The impact of employing this practical expedient for contract modifications is immaterial. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The cumulative effect of the changes made to the Company’s February 3, 2018 balance sheet for the adoption of the standard update was as follows (in thousands):



	Balance as of February 3, 2018			Adjustment for new Standard			Balance as of February 4, 2018
Prepaid expenses and other current assets	$	81,972		$	7,820		$	89,792
Accrued expenses and other current liabilities	495,767			16,645			512,412
Deferred income taxes	57,074			(2,463		)	54,611
Accumulated deficit	(1,036,012		)	(6,362		)	(1,042,374		)

The impact of the adoption of the ASU on the Company’s Consolidated Statement of Operations for the fiscal year ended February 2, 2019, resulted in a decrease to cost of sales and net sales of $5.7 million and $6.8 million, respectively, due to recording the allowance for returns reserve on a gross basis. The remaining impact of the adoption of the ASU on the Company’s Consolidated Statement of Operations for the fiscal year ended February 2, 2019 was immaterial.

The impact of the adoption of the ASU on the Company’s Consolidated Balance Sheet as of February 2, 2019 was as follows (in thousands):



	As Reported			Balance without adoption			Effect of change
Prepaid expenses and other current assets	$	63,454		$	57,785		$	5,669
Accrued expenses and other current liabilities	504,834			489,492			15,342
Deferred income taxes	36,937			39,636			(2,699		)
Accumulated deficit	(915,113		)	(908,139		)	(6,974		)

Derivatives and Hedging (ASU 2017-12)

In August 2017, the FASB issued ASU 2017-12 Derivatives and Hedging (Topic 815). The update allows hedge accounting for new types of interest rate hedges of financial instruments and simplifies the documentation requirements to qualify for hedge accounting. In addition, any gain or loss from hedge ineffectiveness will be reported in the same income statement line with the effective hedge results and the hedged transaction. The updated guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2018, with early adoption permitted. The Company adopted this guidance at the beginning of its fourth quarter of fiscal year 2018 and the effect of the adoption did not have a material impact on the Company’s consolidated financial statements.

Employee Share-Based Payments (ASU 2016-09)

In March 2016, the FASB issued an accounting standard update that aims to simplify accounting for stock-based compensation. The changes include accounting for income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross share compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The Company elected to account for forfeitures as they occur rather than apply an estimated forfeiture rate to stock-based compensation expense. The Company adopted this standard update in 2017 and applied the changes prospectively. The effect of the adoption did not have a material impact on the Company’s consolidated financial statements.

Inventory Measurement (ASU 2015-11)

In July 2015, the FASB issued an accounting standard update that aims to simplify the measurement of inventory. The changes include measuring inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The Company adopted this standard on a prospective basis in 2017 and prior periods were not retrospectively adjusted. The effect of the adoption did not have a material impact on the Company’s consolidated financial statements.

Reclassifications of Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02)

In February 2018, the FASB issued an accounting standard update that allows the reclassification of stranded tax effects resulting from the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings. The Company adopted this standard update in 2017 and applied the changes prospectively for the fiscal year ended February 3, 2018 and reclassified $432 thousand from accumulated other comprehensive income to retained earnings as of February 3, 2018.

Modifications to Share-based Compensation Awards (ASU 2017-09)

At the beginning of fiscal year 2018, the Company adopted ASU No. 2017-09, Compensation-Stock Compensation Topic 718-Scope of Modification Accounting (“ASU 2017-09”). ASU 2017-09 clarifies when changes to the terms and conditions of share-based payment awards must be accounted for as modifications. Entities apply the modification accounting guidance if the value, vesting conditions, or classification of an award changes. The Company has not modified any share-based payment awards. Should the Company modify share-based payment awards in the future, it will apply the provisions of ASU 2017-09.

Definition of a Business (ASU 2017-01)

At the beginning of fiscal year 2018, the Company adopted ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU 2017-01”). ASU 2017-01 assists entities in determining if acquired assets constitute the acquisition of a business or the acquisition of assets for accounting and reporting purposes. This distinction is important because goodwill can only be recognized in an acquisition of a business. Prior to ASU 2017-01, if revenues were generated immediately before and after a transaction, the acquisition was typically considered a business. Under ASU 2017-01, entities are required to further assess the substance of the processes they acquire. Should the Company commence or complete an acquisition in future periods, it will apply the provisions of ASU 2017-01.

Classification of Costs Related to Defined Benefit Pension and Other Post-Retirement Benefit Plans (ASU 2017-07)

At the beginning of fiscal year 2018, the Company adopted ASU No. 2017-07, Compensation—Retirement Benefits (Topic 715: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-Retirement Benefit Cost (“ASU 2017-07”). ASU 2017-07 changes how employers that sponsor defined benefit pension and/or other post-retirement benefit plans present the net periodic benefit costs in the statement of operations. Under this new guidance, an employer’s statement of operations presents service cost arising in the current period in the same statement line item as other employee compensation. However, all other components of current period costs related to defined benefit plans, such as prior service costs and actuarial gains and losses, are presented on the statement of operations on a line item outside (or below) operating income. ASU 2017-07 affects only the classification of certain costs on the statement of operations, not the determination of costs. Net periodic pension costs related to the Company’s frozen defined benefit pension plan and post-retirement medical benefit plan were not material for fiscal year 2018 or prior periods. The retrospective impact of this standard on our historical financial statements is not material, and future filings will not be restated.

Statement of Cash Flows (ASU 2016-15)

At the beginning of fiscal year 2018, the Company adopted ASU No. 2016-15, Statement of Cash Flows (Topic 230) (“ASU 2016-15”). ASU 2016-15 represents a consensus of the FASB’s Emerging Issues Task Force on eight separate issues that, if present, can impact classifications on the statement of cash flows. The guidance requires application using a retrospective transition method. The adoption of ASU 2016-15 only impacted the classification of certain insurance proceeds on the Company consolidated statement of cash flows for the first quarter of fiscal year 2017. The Company’s insurance proceeds were not material for fiscal year 2018 or fiscal year 2017. The retrospective impact of this standard on our historical financial statements is not material and future filings will not be restated.

Recent Accounting Pronouncements

Leases (ASU 2016-02)

In February 2016, the FASB issued ASU 2016-02 Leases (Topic 842) which will require recognition on the balance sheet for the rights and obligations created by leases with terms greater than twelve months. The new standard is effective for fiscal years and interim periods within those years beginning after December 15, 2018, with early adoption permitted. The Company plans to adopt this guidance at the beginning of its first quarter of fiscal 2019 and plans to utilize the transition option which does not require application of the guidance to comparative periods in the year of adoption. Upon adoption of the standard, the Company will be required to record substantially all leases on the balance sheet as a right-of-use ("ROU") asset and a lease liability. The Company expects to utilize the related package of practical expedients permitted by the transition guidance in ASU 2016-02, which allows the Company to carry forward its identification of contracts that are or contain leases, its historical lease classification and its initial direct costs for existing leases. The Company expects to recognize lease liabilities for its operating leases totaling between $1.9 billion and $2.1 billion upon adoption. The initial ROU assets recognized will be equal to the initial operating lease liabilities, adjusted for the balance on adoption date of prepaid and accrued rent, lease incentives and unamortized initial direct costs. The Company currently expects to recognize ROU assets in the same range as its lease liabilities for its operating leases. The Company does not expect adoption of the standard to have a material impact on the Company’s historical capital leases, which will be presented as finance leases under ASU 2016-02. Additionally, the Company does not believe adoption of this standard will have a material effect on the Company's consolidated results of operations or cash flows.

Non-Employee Share-Based Compensation (ASU 2018-07)

In June 2018, the FASB issued ASU 2018-07 Improvements to Non-employee Share-Based Payment Accounting which updates the guidance to Compensation—Stock Compensation (Topic 718). The updated guidance aligns the measurement and classification guidance for share-based payments to non-employees with the guidance for share-based payments to employees, with certain exceptions. The updated guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018, with early adoption permitted. The Company does not anticipate the updated guidance will have a material impact on its consolidated financial statements.

Fair Value Measurement (ASU 2018-13)

In August 2018, the FASB issued ASU 2018-13 Changes to the Disclosure Requirements for Fair Value Measurement which updates the guidance to Fair Value Measurement (Topic 820). The updated guidance modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The updated guidance is effective for fiscal periods beginning after December 15, 2019 including interim periods within those fiscal years, with early adoption permitted. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company does not anticipate the updated guidance will have a material impact on its consolidated financial statements.

Goodwill Impairment (ASU 2017-04)

In January 2017, the FASB issued ASU 2017-04. ASU 2017-04 provides amendments to ASC 350, "Intangibles - Goodwill and Other", which eliminate Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company does not believe adoption of this standard will have a material effect on the Company's consolidated results of operations or cash flows.

Intangibles-Goodwill and Other-Internal-Use Software (ASU 2018-15)

In August 2018, the FASB issued ASU 2018-15 Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40). The update related to accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The update allows entities who are customers in hosting arrangements that are service contracts to apply the existing internal-use software guidance to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. The update specifies classification for capitalizing implementation costs and related amortization expense within the financial statements and requires additional disclosures. The updated guidance is effective for fiscal reporting periods, including interim reporting within those periods, beginning after December 15, 2019. Early adoption is permitted and can be applied either retrospectively or prospectively. The Company is currently evaluating the transition methods and the impact of the adoption of this standard on its consolidated financial statements.

Related Party Transactions	12 Months Ended
Related Party Transactions	Feb. 02, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Management Agreement The Company had a management services agreement with the Sponsors for ongoing consulting and advisory services that terminated upon consummation of the Company's IPO. The management services agreement provided for the aggregate payment of management fees to the Sponsors (or advisory affiliates thereof) of $8.0 million per year, plus out of pocket expenses. The Company expensed $3.3 million, $8.0 million and $8.1 million of management fees and out of pocket expenses in 2018, 2017 and 2016 respectively. Management fees and expenses are reported in SG&A in the consolidated statements of operations and comprehensive income. Other Relationships One of the Company’s suppliers, Advantage Solutions Inc., is controlled by affiliates of the Sponsors. Advantage Solutions Inc. is principally a provider of in-club product demonstration and sampling services, and the Company also engages them from time to time to provide ancillary support services, including for example, seasonal gift wrapping, on-floor sales assistance and display maintenance. In fiscal years 2018, 2017 and 2016 the Company incurred costs of approximately $43.9 million, $44.8 million and $41.0 million, respectively. The demonstration and sampling service fees are fully funded by merchandise vendors who participate in the program. The Company believes the terms obtained or consideration paid or received, as applicable, in connection with the transactions were comparable to terms available or amounts that would be paid or received, as applicable, in arms’-length transactions with unrelated parties.

Dividend Recapitalization

12 Months Ended

Feb. 02, 2019

Other Liabilities Disclosure [Abstract]

Dividend Recapitalization

On February 3, 2017, the Company distributed a $735.5 million dividend to its common stockholders. In conjunction with the dividend, the Company paid $67.5 million to stock option holders of the Company as required under the Fourth Amended and Restated 2011 Stock Option Plan of BJ’s Wholesale Club Holdings, Inc. (as further amended) (“2011 Plan”), and the 2012 Director Stock Option Plan of BJ’s Wholesale Club Holdings, Inc. (as further amended) (“2012 Director Plan”). The payments to option holders were recorded as compensation expense in SG&A in fiscal year 2017. The Company also paid $5.4 million to employees under retention bonus arrangements, of which $4.6 million was accrued in 2016 and the remaining $0.8 million was recognized as compensation expense in fiscal year 2017. In order to fund these payments, the Company executed the following transactions immediately prior to the payment of the dividend:


•	Refinanced and upsized the senior secured first lien term loan facility (the "First Lien Term Loan") to $1,925.0 million, subject to an original issue discount (“OID”) of $4.8 million.


•	Refinanced and upsized the existing senior secured second lien term loan facility (the "Second Lien Term Loan") to $625.0 million, subject to an OID of $6.2 million.


•	Amended and restated the senior secured asset based revolving credit and term facility (the "ABL Facility") and borrowed $340.0 million.

The Company paid accrued outstanding interest of $11.0 million and capitalized debt issuance costs of $24.6 million in conjunction with the refinancing. The Company recorded a loss on the debt refinancing of $21.1 million in fiscal year 2017 of which $9.8 million represents the write-off of previously capitalized deferred debt issuance costs.

Debt and Credit Arrangements

12 Months Ended

Feb. 02, 2019

Debt Disclosure [Abstract]

Debt and Credit Arrangements

Debt consisted of the following at February 2, 2019 and February 3, 2018 (in thousands):



	February 2, 2019			February 3, 2018
ABL Facility	$	289,000		$	217,000
First Lien Term Loan	1,530,045			1,910,563
Second Lien Term Loan	—			625,000
Unamortized debt discount and debt issuance costs	(18,197		)	(40,153		)
Less: current portion	(254,377		)	(219,750		)
Long-term debt	$	1,546,471		$	2,492,660

ABL Facility

On February 3, 2017, the Company amended the ABL Facility to extend the maturity date to February 3, 2022. The Company wrote-off $2.2 million of previously capitalized debt issuance costs, expensed $0.2 million of new third-party fees and capitalized $7.9 million of new debt issuance costs.

On August 17, 2018, the Company amended its ABL Facility to extend the maturity date from February 3, 2022 to August 17, 2023 and reduce the applicable interest rates and letter of credit fees on the facility. Total fees associated with the refinancing were approximately $1.0 million. The Company capitalized approximately $0.9 million of new debt issuance costs and had immaterial write-offs of previously capitalized debt issuance costs and third-party fees.

The ABL Facility is comprised of a $950.0 million revolving credit facility and a $50.0 million term loan. The ABL Facility is secured on a senior basis by certain “liquid assets” of the Company and secured on a junior basis by certain “fixed assets” of the Company. The $50.0 million term loan payment terms are restricted in that the term loan cannot be repaid unless all loans outstanding under the ABL Facility are repaid, and once repaid, cannot be re-borrowed. The availability under the $950.0 million revolving credit facility is restricted based on eligible monthly merchandise inventories and receivables as defined in the facility agreement. As amended, interest on the revolving credit facility is calculated either at LIBOR plus a range of 125 to 175 basis points or a base rate plus a range of 25 to 75 basis points; and interest on the term loan is calculated at LIBOR plus a range of 200 to 250 basis points or a base rate plus a range of 100 to 150 basis points, in all cases based on excess availability. The applicable spread of LIBOR and base rate loans at all levels of excess availability steps down by 12.5 basis points upon achieving total net leverage of 3.00 to 1.00. The ABL Facility also provides a sub-facility for issuance of letters of credit subject to certain fees defined in the ABL Facility agreement. The ABL Facility is subject to various commitment fees during the term of the facility based on utilization of the revolver.

At February 2, 2019, there was $289.0 million outstanding in borrowings under the ABL Facility and $41.2 million in outstanding letters of credit. As of February 2, 2019, the interest rate on the revolving credit facility was 3.76% and borrowing availability was $545.6 million.

At February 3, 2018, there was $217.0 million outstanding in loans under the ABL Facility and $44.2 million in outstanding letters of credit. As of February 3, 2018, the interest rate on the revolving credit facility was 3.08% and borrowing availability was $574.8 million.

First Lien Term Loan

On February 3, 2017, the Company refinanced its First Lien Term Loan to extend the maturity date to February 3, 2024, increase the First Lien Term Loan borrowings to $1,925.0 million subject to a $4.8 million original issue discount and change the interest rate. Interest on the First Lien Term Loan was calculated either at LIBOR plus a range of 350 to 375 basis points where LIBOR is subject to a floor of zero or an alternative base rate calculation based on the higher of prime, the federal funds effective rate plus 50 basis points or one-month LIBOR plus 100 basis points, plus a range of 250 to 275 basis points.

On August 13, 2018, the Company amended its First Lien Term Loan to reduce the applicable interest rates and reduce the principal on the loan. The Company drew $350 million under its ABL Facility to fund the transaction. As amended, the First Lien Term Loan has an initial principal amount of $1,537.7 million and interest is calculated either at LIBOR plus 275 to 300 basis points or a base rate plus 175 to 200 basis points based on the Company achieving a net leverage ratio of 3.00 to 1.00. Total fees associated with the refinancing were approximately $1.8 million. The Company wrote-off $4.4 million of previously capitalized debt issuance costs and OID and expensed $1.8 million of new third-party fees.

At February 2, 2019, the interest rate for the First Lien Term Loan was 5.51%. At February 3, 2018, the interest rate for the First Lien Term Loan was 4.95%.

Principal payments on the First Lien Term Loan are required in quarterly installments of 0.25% of the original principal amount with the balance due upon maturity on February 3, 2024. Voluntary prepayments are permitted subject to premium payments. Principal payments must be made on the First Lien Term Loan pursuant to an annual excess cash flow calculation. The First Lien Term Loan is subject to certain affirmative and negative covenants but no financial covenants. It is secured on a senior basis by certain “fixed assets” of the Company and on a junior basis by certain of “liquid” assets of the Company.

At February 2, 2019, there was $1,530.0 million outstanding on the First Lien Term Loan. At February 3, 2018, there was $1,910.6 million outstanding on the First Lien Term Loan.

Second Lien Term Loan

On February 3, 2017, the Company refinanced the previously existing Second Lien Term Loan to extend the maturity date to February 3, 2025 and increase the Second Lien Term Loan borrowings to $625.0 million subject to a $6.2 million original issue discount. Interest was calculated either at LIBOR plus 750 basis points where LIBOR is subject to a floor of zero or an alternative base rate calculation based on the higher of the prime, the federal funds effective rate plus 50 basis points or one-month LIBOR plus 100 basis points, plus 650 basis points. The Second Lien Term Loan had a maturity date of February 3, 2025 with the entire principal balance due on such maturity date. Voluntary prepayments were permitted. Principal payments had to be made on the Second Lien Term Loan pursuant to an annual excess cash flow calculation. The Second Lien Term Loan was subject to certain affirmative and negative covenants but no financial covenants.

On July 2, 2018, the Company paid off the Second Lien Term Loan by extinguishing the entire outstanding amount of $623.2 million. In connection with the debt extinguishment, the Company paid a $6.2 million prepayment premium. The Company recorded debt extinguishment charges of $19.2 million in conjunction with the paydown, of which $13.0 million represents write-off of previously capitalized deferred debt issuance costs associated with the Second Lien Term Loan.

There was a balance of $625.0 million outstanding on the Second Lien Term Loan as of February 3, 2018. The interest rate for the Second Lien Term Loan was 8.95% as of February 3, 2018.

Future minimum payments

Scheduled future minimum principal payments on debt as of February 2, 2019 are as follows:



Fiscal Year:	Dollars in thousands
2019	$	254,377
2020	15,377
2021	15,377
2022	15,377
2023	1,518,537
Thereafter	—
Total	$	1,819,045

Interest Expense, net

12 Months Ended

Feb. 02, 2019

Other Income and Expenses [Abstract]

Interest Expense, net

The following details the components of interest expense for the periods presented (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018			Fiscal Year Ended January 28, 2017
Interest on debt	$	128,643		$	163,210		$	122,193
Interest on capital lease and financing obligations	4,119			4,205			4,244
Debt issuance costs amortization	3,322			4,060			7,693
Original issue discount amortization	3,233			4,403			9,398
Charges related to debt refinancing	25,405			21,061			—
Capitalized interest	(187		)	(215		)	(68		)
Unrealized loss on interest rate caps	—			—			73
Other interest income	—			—			(182		)
Interest expense, net	$	164,535		$	196,724		$	143,351

Intangible Assets and Liabilities

12 Months Ended

Feb. 02, 2019

Goodwill Intangible Assets And Deferred Charge Disclosure [Abstract]

Intangible Assets and Liabilities

Intangible assets and liabilities consist of the following (in thousands):



	February 2, 2019
	Gross Carrying Amount			Accumulated Amortization			Net Amount
Goodwill	$	924,134		$	—		$	924,134

Intangible Assets Not Subject to Amortization:
BJ’s trade name	$	90,500		$	—		$	90,500

Intangible Assets Subject to Amortization:
Member relationships	245,000			(178,330		)	66,670
Private label brands	8,500			(5,194		)	3,306
Below market leases	120,182			(79,788		)	40,394
Total intangible assets	$	464,182		$	(263,312	)	$	200,870

Intangible Liabilities Subject to Amortization:
Above market leases	$	(30,515	)	$	16,872		$	(13,643	)



	February 3, 2018
	Gross Carrying Amount			Accumulated Amortization			Net Amount
Goodwill	$	924,134		$	—		$	924,134

Intangible Assets Not Subject to Amortization:
BJ’s trade name	$	90,500		$	—		$	90,500

Intangible Assets Subject to Amortization:
Member relationships	245,000			(163,668		)	81,332
Private label brands	8,500			(4,486		)	4,014
Below market leases	120,182			(71,152		)	49,030
Total intangible assets	$	464,182		$	(239,306	)	$	224,876

Intangible Liabilities Subject to Amortization:
Above market leases	$	(30,515	)	$	14,709		$	(15,806	)

The Company records amortization expenses of intangible assets as a component of SG&A expenses. Member relationships are amortized over a period of 15.3 years, Private label brands are amortized over 12 years and below and above market leases are amortized over the estimated benefit of the intangible asset that was created.

The Company recorded amortization expense of $21.8 million, $26.0 million and $28.8 million as a component of SG&A for the fiscal years ended February 2, 2019, February 3, 2018 and January 28, 2017, respectively. The Company estimates that amortization expense related to intangible assets and liabilities will be as follows in each of the next five fiscal years (in thousands):



	Below Market Leases		Above Market Leases			Other Intangibles		Total
2019	$	7,633	$	(2,077	)	$	13,491	$	19,047
2020	7,117		(1,846		)	11,862		17,133
2021	6,153		(1,581		)	10,483		15,055
2022	4,507		(1,526		)	9,230		12,211
2023	3,743		(1,374		)	7,866		10,235

Commitments and Contingencies

12 Months Ended

Feb. 02, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitment and Contingencies

Leases

The Company is obligated under long-term leases for the rental of real estate. In addition, generally the Company is required to pay insurance, real estate taxes and other operating expenses and, in some cases, additional rentals based on a percentage of sales in excess of certain thresholds, or other factors. Many of the leases require escalating payments during the lease term. Rent expense for such leases is recognized on a straight-line basis over the lease term. The initial primary term of the real estate club leases ranges from 5 to 25 years, with most of these leases having an initial term of 20 years. The initial primary term of the ground leases ranges from 14 to 44 years, and averages approximately 21 years. As of February 2, 2019, the Company has options to renew all but three of its leases for periods that range from 5 to 65 years, and average approximately 21 years.

Future minimum lease payments of operating leases as of February 2, 2019 were as follows (in thousands):



Fiscal Year	Future minimum payments
2019	$	309,785
2020	310,956
2021	299,410
2022	282,841
2023	264,363
Thereafter	1,778,207
Total	$	3,245,562

The payments above do not include future payments due under the lease for a BJ's club location that closed in January 2011. Rent liabilities for the closed location is included in current and noncurrent closed store obligations on the consolidated balance sheets.

Rental expense under real estate operating leases (including contingent rentals, which were not material) was $308.2 million in 2018, $301.9 million in 2017 and $298.1 million in 2016. These amounts do not include rental expense on equipment and equipment space of $0.8 million for 2018 and $0.7 million for both 2017 and 2016.

Future minimum lease payments of capital leases and financing obligations for arrangements that did not qualify for sale-lease back accounting as of February 2, 2019 are as follows (in thousands):



Fiscal Year	Future minimum payments
2018	$	4,510
2019	4,807
2020	4,833
2021	4,894
2022	4,956
Thereafter	34,377
Total Minimum payments	58,377
Less: amount representing interest	(37,855		)
Total	$	20,522

These capital lease and financing obligations are primarily included in other noncurrent liabilities on the consolidated balance sheet.

Legal Contingencies

The Company is involved in various legal proceedings that are typical of a retail business. In accordance with applicable accounting guidance, an accrual will be established for legal proceedings if and when those matters present loss contingencies that are both probable and estimable. The Company does not believe the resolution of any current proceedings will result in a material loss to the consolidated financial statements.

Discontinued Operations

12 Months Ended

Feb. 02, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

The following tables summarize the activity for the periods ended February 2, 2019 and February 3, 2018 associated with discontinued operations, which consist of closing two BJ’s clubs in January 2011 (in thousands):



	Discontinued Operations 2018
	Liabilities February 3, 2018		Charges			Payments/ Increase			Liabilities February 2, 2019		Cumulative Charges to Date, Net
BJ’s clubs	$	8,683	$	(235	)	$	(5,259	)	$	3,189	$	59,364
Current portion	$	2,122							$	739
Long-term portion	6,561								2,450
Total	$	8,683							$	3,189


	Discontinued Operations 2017
	Liabilities January 28, 2017		Charges			Payments/ Increase			Liabilities February 3, 2018		Cumulative Charges to Date, Net
BJ’s clubs	$	8,271	$	2,766		$	(2,354	)	$	8,683	$	59,599
Current portion	$	2,013							$	2,122
Long-term portion	6,258								6,561
Total	$	8,271							$	8,683

On June 12, 2014, the Company entered into a sublease agreement for one of the closed clubs that paid a portion of BJ’s lease obligation through the end of the lease term. The rental income received from that sublease is included in the payments referenced in the tables above. During the second half of 2017, the Company experienced a lapse in the sublease rental income which resulted in eviction of the tenant. In January 2018, the Company entered into a new sublease agreement for the same property which will continue to pay a portion of the BJ’s lease obligation through the end of the lease term. The interruption of sublease income in the second half of 2017, and adjustment of future rental income from the new sublease agreement signed in January 2018, resulted in an additional charge of $0.7 million to the reserve. In addition, the Company lowered the estimated sublease income at the other existing closed location which resulted in an additional charge of $1.4 million to the reserve.

On December 12, 2018, the Company entered into a termination agreement with the landlord at its Austell, Georgia location, whereby the landlord agreed to terminate the lease associated with this location. The Company incurred total termination fees of $3.1 million, including brokerage fees.

The charges for BJ’s lease obligations are based on the present value of rent liabilities under the relevant leases, including estimated real estate taxes and common area maintenance charges, reduced by estimated income from the potential subleasing of these properties. Charges in both periods represent accretion expense on lease obligations . Charges for the period ended February 2, 2019, also includes income of $1.0 million for the reserve reversal associated with the lease termination for the Austell, Georgia location. The income tax benefit recorded related to loss from discontinued operations was $0.1 million, $1.1 million and $0.3 million for 2018, 2017 and 2016, respectively. The remaining lease obligation is expected to be paid over the next four years. The liabilities for the closed club leases are included in current and non-current closed store obligations on the consolidated balance sheet.

Contingently Redeemable Common Stock	12 Months Ended
Contingently Redeemable Common Stock	Feb. 02, 2019
Temporary Equity Disclosure [Abstract]
Contingently Redeemable Common Stock	Contingently Redeemable Common Stock The Company and certain current and former management employees were parties to the Management Stockholders Agreement (the “MSA”). Grants of equity by the Company to employees were governed by the terms of individual equity award agreements and the MSA. The MSA specified certain transfer restrictions, tag-along and drag-along rights, put and call rights and various other rights and restrictions applicable to any equity held by employees. The call right permitted the Company to repurchase common stock held by an employee stockholder following a minimum holding period and prior to the expiration of a specified time period following the later of the employee’s termination of employment with the Company or acquisition of the common stock. If the employee’s employment was terminated for cause, the repurchase price was the least of (a) the fair market value as of the repurchase date, (b) the fair market value at issuance or (c) the price paid by the employee stockholder for such shares. If the employee’s employment was terminated other than for cause, the repurchase price was the fair market value as of the repurchase date. The MSA also gave employees the ability to put any shares back to the Company at fair market value upon death or disability while actively employed. As neither death nor disability while actively employed is a certainty, the shares of common stock held by the employee stockholders were considered to be contingently redeemable common stock and were accounted for outside of stockholders’ equity until the shares of common stock were either repurchased by the Company or the put right terminated. Both the Company’s repurchase right and the employee stockholder’s put right terminated upon the consummation the IPO. The contingently redeemable common stock was recorded at fair value of the common stock at the date of issuance. Because meeting the contingency is not probable, the contingently redeemable common stock was not remeasured to fair value at each reporting date. When the Company executed its IPO in 2018, all remaining grants under the MSA were reclassified to common stock. As of February 2, 2019 there is no contingently redeemable common stock recorded on the consolidated balance sheet. The Company recorded $10.4 million of contingently redeemable common stock on its consolidated balance sheet related to these agreements as of February 3, 2018. Prior to the IPO, when the Company exercised its call option to repurchase shares classified outside of stockholders’ equity, it was deemed to be a constructive retirement of the contingently redeemable share for accounting purposes. The Company recorded the excess of the fair value paid to repurchase the share over the carrying value of the contingently redeemable share within additional paid-in capital, as the Company had an accumulated deficit.

Stock Incentive Plans

12 Months Ended

Feb. 02, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Incentive Plans

On June 13, 2018, the Company’s Board of Directors adopted, and its stockholders approved, the 2018 Incentive Award Plan (the “2018 Plan”). The 2018 Plan provides for the grant of stock options, restricted stock, dividend equivalents, stock payments, restricted stock units, performance shares, other incentive awards, stock appreciation rights, and cash awards. Prior to the adoption of the 2018 Plan, the Company granted stock-based compensation to employees and non-employee directors under the 2011 Plan and the 2012 Director Plan, respectively. No further grants will be made under 2011 Plan or the 2012 Director Plan.

The 2018 Plan authorizes the issuance of 13,148,058 shares, including 985,369 shares that were reserved but not issued under the 2011 Plan and the 2012 Director Plan. If an award under the 2018 Plan, 2011 Plan or 2012 Director Plan is forfeited, expires or is settled for cash, any shares subject to such award may, to the extent of such forfeiture, expiration or cash settlement, be used again for new grants under the 2018 Plan. Additionally, shares tendered or withheld to satisfy grant or exercise price, or tax withholding obligations associated with an award under the 2018 Plan, the 2011 Plan or the 2012 Director Plan will be added to the shares authorized for grant under the 2018 Plan. The following shares may not be used again for grant under the 2018 Plan: (1) shares subject to a stock appreciation right, that are not issued in connection with the stock settlement of the stock appreciation right on its exercise and (2) shares purchased on the open market with the cash proceeds from the exercise of options under the 2018 Plan, 2011 Plan or 2012 Director Plan. As of February 2, 2019, there were 8,572,846 shares available for future issuance under the 2018 Plan.

Stock option awards are generally granted with vesting periods of three years. All options have a contractual term of ten years. The Company recognized $57.7 million ($41.5 million post-tax), $9.1 million ($5.4 million post-tax) and $11.8 million ($7.1 million post-tax) of total stock-based compensation for 2018, 2017 and 2016, respectively. As of February 2, 2019, there was approximately $24.7 million of unrecognized compensation cost, which is expected to be recognized over the next three years.

The fair value of the options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions (no dividends were expected):



	Fiscal Year Ended February 2, 2019	Fiscal Year Ended February 3, 2018	Fiscal Year Ended January 28, 2017
Risk-free interest rate range	2.56% - 2.73%	1.40% - 1.40%	1.35% - 1.98%
Expected volatility factor	26.9%	35.0%	35.0%
Weighted-average expected option life (yrs.)	5.9	5.7	6.0
Weighted-average grant-date fair value	$5.16	$2.51	$4.40

The Company historically has been a private company and lacks certain company-specific historical and implied volatility information. Expected volatility was determined based on the historical and implied volatilities of comparable public companies. The risk-free interest rate was based on United States Treasury yields in effect at the time of the grant for notes with terms comparable to the awards. The expected option life represents an estimate of the period of time options are expected to remain outstanding based upon an average of the vesting and contractual terms of the options. Forfeitures are recorded as incurred.

Presented below is a summary of stock option activity and weighted-average exercise prices for fiscal year ended February 2, 2019:



(options in thousands)	Number of securities to be issued upon exercise of outstanding options		Weighted- average exercise price		Weighted-average remaining contractual life (in years)
Outstanding, beginning of period	8,981		$	4.00
Granted	2,791		16.39
Forfeited	(409	)	6.88
Exercised	(5,111	)	3.09
Outstanding, end of period	6,252		10.09		7.7
Vested and expected to vest, end of period	6,252		10.09		7.7
Exercisable, end of period	3,480		$	5.31	6.4

The total intrinsic value of options exercised in 2018, 2017 and 2016 was $88.2 million, $7.6 million and $1.2 million, respectively. The Company received a tax benefit related to these option exercises of approximately $24.8 million, $3.1 million and $0.5 million in 2018, 2017 and 2016, respectively. As of February 2, 2019, the total intrinsic value of options vested and expected to vest was $102.5 million.

Presented below is a summary of our non-vested restricted shares and restricted stock units and weighted-average grant-date fair values for the periods ended February 2, 2019:



	Restricted Stock				Restricted Stock Units
(shares in thousands)	Shares		Weighted-Average Grant-Date Fair Value		Shares	Weighted-Average Grant-Date Fair Value
Unvested at beginning of year	—		$	—	—	$	—
Granted	2,960		22.04		16	27.59
Forfeited	(33	)	22.00		—	—
Vested	(1,954	)	22.00		—	—
Outstanding, February 2, 2019	973		$	22.14	16	$	27.59

2018 Employee Stock Purchase Plan

On June 14, 2018, the Company’s board of directors adopted and its stockholders approved the 2018 Employee Stock Purchase Plan (the “ESPP”), which became effective the day prior to the first day of public trading of the company’s equity securities. The aggregate number of shares of common stock that was be reserved for issuance under our ESPP was be equal to the sum of (i) 973,014 shares and (ii) an annual increase on the first day of each calendar year beginning in 2019 and ending in 2028 equal to the lesser of (A) 486,507 shares, (B) 0.5% of the shares outstanding (on an as converted basis) on the last day of the immediately preceding fiscal year and (C) such smaller number of shares as determined by the board of directors. The offering under the ESPP commenced on January 1, 2019. The amount of expense recognized in the fiscal year ended February 2, 2019 was immaterial.

Treasury Shares Acquired on Restricted Stock Awards

Upon the vesting of 1,954 thousand restricted stock awards, 782 thousand shares were reacquired to satisfy employees’ tax withholding obligations. These reacquired shares were recorded as $19.1 million of treasury stock and accordingly, reduced the number of common shares outstanding by 782 thousand shares.

Income Taxes

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Abstract]

Income Taxes

The provision (benefit) for income taxes from continuing operations includes the following (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018			Fiscal Year Ended January 28, 2017
Federal:
Current	$	14,641		$	1,976		$	42,268
Deferred	(9,563		)	(33,219		)	(19,457		)
State:
Current	11,877			5,220			9,230
Deferred	(5,129		)	(2,404		)	(4,073		)
Total income tax provision (benefit)	$	11,826		$	(28,427	)	$	27,968

A reconciliation of the statutory federal income tax rate with the Company’s effective income tax rate is as follows:



	Fiscal Year Ended February 2, 2019		Fiscal Year Ended February 3, 2018		Fiscal Year Ended January 28, 2017
Statutory federal income tax rates	21.0	%	33.7	%	35.0	%
State income taxes, net of federal tax benefit	3.8		7.5		4.5
Effect of federal rate change	(1.8	)	(136.2	)	—
Work opportunity and solar tax credit	(1.3	)	(17.9	)	(1.6	)
Charitable contributions	(0.5	)	(1.0	)	(0.3	)
Prior year adjustments	0.1		(3.2	)	—
Stock options	(10.8	)	(4.8	)	—
Other	(2.0	)	1.2		0.9
Effective income tax rate	8.5	%	(120.7	)%	38.5	%

On December 22, 2017, the TCJA was signed into law. The TCJA includes significant changes to the Internal Revenue Code impacting the taxation of business entities. The most significant change in the TCJA that impacts the Company is the reduction in the corporate federal income tax rate from 35% to 21% for tax years (or portions thereof) beginning after December 31, 2017. As the result of our initial analysis of the impact of the TCJA, we recorded a provisional amount of net tax benefit of $32.1 million in the fiscal year ended February 3, 2018 related to the remeasurement of our deferred tax balances. We completed our accounting for the income tax effects of the TCJA in fiscal year ended February 2, 2019 and recorded an additional tax benefit of $2.4 million to the provisional amounts initially recorded.

Significant components of the Company’s deferred tax assets and liabilities as of February 2, 2019 and February 3, 2018 were as follows (in thousands):



	February 2, 2019		February 3, 2018
Deferred tax assets:
Self-insurance reserves	$	29,288	$	27,595
Rental step liabilities	23,194		21,336
Compensation and benefits	13,823		15,975
Interest	12,354		—
Capital lease and financing obligations	5,826		7,542
Interest rate swap	5,454		—
Deferred gain amortization	4,956		5,279
Intangible liabilities	3,834		4,408
Environment clean up reserve	3,664		3,312
Startup costs	3,276		3,675
Lease incentive gain	2,963		3,029
Closed store obligations	896		2,421
Other	16,926		13,677
Total deferred tax assets	$	126,454	$	108,249



Deferred tax liabilities:
Fixed assets	$	87,413		$	79,388
Intangible assets	56,444			62,716
Debt costs	5,152			7,728
Capital lease and financings obligations	5,079			7,014
Other	9,303			8,477
Total deferred tax liabilities	163,391			165,323
Net deferred tax liabilities	$	(36,937	)	$	(57,074	)

The ultimate realization of deferred tax assets is dependent upon the Company’s ability to generate sufficient taxable income during the periods in which the temporary differences become deductible. The Company has determined that it is more likely than not that the results of future operations and the reversals of existing taxable temporary differences will generate sufficient taxable income to realize the deferred tax assets. Therefore, no valuation allowance has been recorded. In making this determination, the Company considered historical levels of income as well as projections for future periods.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):



	Fiscal year Ended February 2, 2019			Fiscal year Ended February 3, 2018
Balance at the beginning of the period	$	4,357		$	4,199
Additions (reductions) for tax positions taken during prior years	(142		)	607
Additions for tax positions taken during the current year	960			43
Settlements	(125		)	(260		)
Lapses in statute of limitations	(2,526		)	(232		)
Balance at the end of the period	$	2,524		$	4,357

The total amount of unrecognized tax benefits, reflective of federal tax benefits at February 2, 2019 and February 3, 2018 that, if recognized, would favorably affect the effective tax rate was $2.2 million and $3.9 million, respectively.

As of February 2, 2019, management has determined it is reasonably possible that the total amount of unrecognized tax benefits could decrease within the next twelve months by less than $0.1 million, due to the expected resolution of state tax audits and the expiration of statute of limitations. The Company’s tax years from 2014 forward remain open and are subject to examination by the IRS and various state taxing jurisdictions.

The Company classifies interest expense and any penalties related to income tax uncertainties as a component of income tax expense, which is consistent with the recognition of these items in prior reporting periods. For the period ended February 2, 2019, the Company recognized $0.4 million in interest income. For the periods ended February 3, 2018 and January 28, 2017 the Company recognized $0.7 million and $0.3 million in interest expense, respectively. As of February 2, 2019, and February 3, 2018, the Company had $0.5 million and $1.0 million, respectively, of accrued interest related to income tax uncertainties.

Retirement Plans	12 Months Ended
Retirement Plans	Feb. 02, 2019
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans Under BJ’s 401(k) savings plans, participating employees may make pretax contributions up to 50% of covered compensation subject to federal limits. BJ’s matches employee contributions at 50% of the first six percent of covered compensation. The Company’s expense under these plans was $9.3 million, $9.6 million and $8.7 million for 2018, 2017 and 2016, respectively. The Company has a non-contributory defined contribution retirement plan for certain key employees. Under this plan, BJ’s funds annual retirement contributions for the designated participants on an after-tax basis. For the last two years, the Company’s contributions equaled 5% of the participants’ base salary. Participants become fully vested in their contribution accounts at the end of the fiscal year in which they complete four full fiscal years of service. Pretax expense under this plan was $2.4 million, $2.4 million and $2.3 million in 2018, 2017 and 2016, respectively.

Postretirement Medical Benefits

12 Months Ended

Feb. 02, 2019

Retirement Benefits [Abstract]

Postretirement Medical Benefits

The Company has a defined benefit postretirement medical plan which covers employees who retire after age 55 with at least 10 years of service, who are not eligible for Medicare, and who participated in a Company-sponsored medical plan. Spouses and eligible dependents are also covered under the plan. Amounts contributed by retired employees under this plan are based on years of service prior to retirement. The plan was amended in 2015 to limit eligibility to only those who meet the eligibility criteria, of age and years of service, by June 30, 2017. The plan can no longer accept any new enrollees, with estimated future benefit payments ending by June 30, 2027.

The Company recognizes the funded status of the postretirement medical plan in the balance sheet. The funded status represents the difference between the projected benefit liability obligation of the plan and the fair value of the plan’s assets. Previously unrecognized deferred amounts such as actuarial gains and losses and the impact of plan changes are included in accumulated other comprehensive income. Changes in these amounts in future years are adjusted as they occur through accumulated other comprehensive income. The discount rates presented in the tables below were selected by referencing yields on high quality corporate bonds, using the Citigroup Pension Yield Curve.

Obligation and Funded Status

The change in obligation and funded status of the plan at February 2, 2019 and February 3, 2018 was as follows (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018
Change in Obligation
Projected benefit obligation at beginning of period	$	5,360		$	5,927
Company service cost	143			182
Interest cost	150			147
Plan participants’ contributions	270			316
Net actuarial loss	(1,336		)	(392		)
Benefit payments made directly by the Company	(413		)	(820		)
Projected benefit obligation at end of period	$	4,174		$	5,360
Change in Plan Assets
Fair value of plan assets at beginning of period	$	—		$	—
Company contributions	143			504
Plan participants’ contributions	270			316
Benefit payments made directly by the Company	(413		)	(820		)
Fair value of plan assets at end of period	—			—
Funded status at end of year	$	(4,174	)	$	(5,360	)

The funded status of the plan as of February 2, 2019 is recognized as a net liability in other noncurrent liabilities on the consolidated balance sheet. The Company expects to contribute approximately $0.8 million to the postretirement plan in 2019.

Components of Net Periodic Benefit Cost and Amounts Recognized in Other Comprehensive Income

Net periodic postretirement benefit cost for the last three fiscal years consists of the following (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018			Fiscal Year Ended January 28, 2017
Company service cost	$	143		$	182		$	204
Interest cost	150			147			142
Net prior service credit amortization	(693		)	(693		)	(693		)
Amortization of unrecognized gain	(316		)	(250		)	(510		)
Net periodic postretirement benefit cost	$	(716	)	$	(614	)	$	(857	)
Discount rate used to determine cost	3.00		%	2.63		%	2.45		%
Health care cost trend rates	6.50		%	7.00		%	7.00		%

The change in accumulated other comprehensive income (“AOCI”), gross of tax, consists of the following (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018
AOCI at the beginning of period	$	(3,331	)	$	(3,882	)
Net prior service credit amortization	693			693
Amortization of net actuarial gain	316			250
Net actuarial loss for the period	(1,336		)	(392)
AOCI at the end of the period	$	(3,658	)	$	(3,331	)

The Company expects to amortize approximately $1.0 million of net actuarial gain from AOCI into net periodic postretirement benefit cost in 2019.

Assumptions

The following weighted-average assumptions were used to determine the postretirement benefit obligations:



	February 2, 2019		February 3, 2018
Discount rate	3.04	%	3.00	%
Health care cost trend rate assumed for next year	6.50	%	6.50	%
Ultimate trend rate	5.00	%	5.00	%
Year that the rate reaches the ultimate trend rate	2024		2024

Assumed health care cost trend rates have a significant effect on the amounts reported for the post-retirement health care plans. A one-percentage point change in assumed health care cost trend rates would have the following effects as of February 2, 2019 (in thousands):



Effect of 1% Increase in Medical Trend Rates
Postretirement benefit obligation increases by	$	124
Total of service and interest cost increases by	16
Effect of 1% Decrease in Medical Trend Rates
Postretirement benefit obligation decreases by	$	120
Total of service and interest cost decreases by	15

Cash Flows

The estimated future benefit payments for the postretirement health care plan at February 2, 2019 are (in thousands):



Fiscal Year	Future minimum payments
2019	$	774
2020	707
2021	692
2022	706
2023	640
2024 to 2028	1,357
Total	4,876

Asset Retirement Obligations

12 Months Ended

Feb. 02, 2019

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

The following is a summary of activity relating to the liability for asset retirement obligations, which the Company will incur primarily in connection with the future removal of gasoline tanks and the related infrastructure. The following is included in other noncurrent liabilities on the consolidated balance sheets (in thousands):



	Fiscal Year Ended February 2, 2019		Fiscal Year Ended February 3, 2018		Fiscal Year Ended January 28, 2017
Balance, beginning of period	$	12,998	$	11,846	$	10,714
Accretion expense	1,031		959		895
Liabilities incurred during the year	1,219		193		237
Balance, end of period	$	15,248	$	12,998	$	11,846

Accrued Expenses and Other Current Liabilities

12 Months Ended

Feb. 02, 2019

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

The major components of accrued expenses and other current liabilities are as follows (in thousands):



	February 2, 2019		February 3, 2018
Deferred membership fee income	$	134,415	$	126,216
Employee compensation	77,663		83,921
Outstanding checks and payables	58,840		34,002
Insurance reserves	47,813		40,620
BJ’s Perks rewards	34,083		22,736
Sales, property, use and other taxes	29,050		33,031
Deferred revenues	26,800		16,977
Fixed asset accruals	13,849		19,405
Professional services	20,197		7,998
Utilities, advertising and accrued interest	16,177		41,709
MFI Sales and legal reserves	12,744		6,652
Repairs and maintenance	11,808		17,734
Other	21,395		44,766
Total	$	504,834	$	495,767

The following table summarizes membership fee income activity for each of the last two fiscal years (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018
Deferred MFI, beginning of period	$	126,216		$	116,483
Cash received from members	291,092			268,327
Revenue recognized in earnings	(282,893		)	(258,594		)
Deferred MFI, end of period	$	134,415		$	126,216

Other Noncurrent Liabilities

12 Months Ended

Feb. 02, 2019

Other Liabilities Disclosure [Abstract]

Other Noncurrent Liabilities

The major components of other noncurrent liabilities are as follows (in thousands):



	February 2, 2019		February 3, 2018
Rent escalation liability	$	82,907	$	76,867
Workers’ compensation and general liability	70,585		72,317
Capital leases and financing obligations	28,824		35,147
Interest rate swap liability	19,410		—
Postretirement medical benefit and other	16,938		21,634
Deferred gain on sale leasebacks	16,348		17,639
Asset retirement obligations	15,248		12,998
Lease incentives	13,920		14,985
Above market leases	13,643		15,806
Total noncurrent liabilities	$	277,823	$	267,393

Book Overdrafts	12 Months Ended
Book Overdrafts	Feb. 02, 2019
Payables and Accruals [Abstract]
Book Overdrafts	Book Overdrafts Banking arrangements provide for the daily replenishment of vendor payable bank accounts as checks are presented. The balances of checks outstanding in these bank accounts, which represent book overdrafts, totaled approximately $50.3 million at February 2, 2019 and approximately $70.0 million at February 3, 2018. Amounts payable to merchandise vendors are included in accounts payable on the consolidated balance sheets and were approximately $32.1 million and $36.0 million at the end of 2018 and 2017, respectively. Amounts payable to non-merchandise vendors are included in accrued expenses and other current liabilities on the consolidated balance sheets and were approximately $18.2 million and $34.0 million at the end of 2018 and 2017, respectively. Changes in these balances are reflected in operating activities in the consolidated statements of cash flows.

Derivative Financial Instruments	12 Months Ended
Derivative Financial Instruments	Feb. 02, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Interest Rate Caps Both the Company’s First Lien Term Loan and Second Lien Term Loan were subject to interest rates based on LIBOR. The Company had interest rate hedge arrangements that effectively capped a portion of its interest rate exposure on three-month LIBOR at 1.5% through March 31, 2016 (the “Interest Rate Caps”). The aggregate notional amount of the Interest Rate Caps was $1.7 billion. The Company also had a 2.5% forward cap arrangement covering $1.0 billion notional of the outstanding principal balance of the First and Second Lien Term Loans from April 1, 2016 through September 29, 2017. Hedge accounting for these arrangements was not elected and therefore all unrealized gains and losses required to value the instruments to fair value were recorded in earnings for the period of the change. Unrealized losses were not material for 2017 and 2016. Unrealized losses were recorded in interest expense in order to value the cap arrangements at fair value. Interest Rate Swaps On November 13, 2018, the Company entered into three forward starting interest rate swaps (the "Interest Rate Swaps"), which were effective starting on February 13, 2019. The Company has fixed the LIBOR component of $1.2 billion of its floating rate debt at a rate of approximately 3.0%. The Interest Rate Swaps are recorded as a liability of $19.4 million, with the net of tax amount recorded in Other Comprehensive Income. In 2016, the Company was party to an interest rate swap arrangement whereby the Company fixed a portion of its interest rate exposure on one-month LIBOR. The interest rate swap agreement, which expired on March 30, 2016, was for a notional amount of $100.0 million and required the Company to pay the counterparty a fixed interest rate and receive from the counterparty a floating interest rate based on one-month LIBOR. The Company elected hedge accounting for the interest rate swap agreements, and as such, the effective portion of the gains and losses was recorded as a component of other comprehensive income. There were $19.4 million of unrealized losses recorded in 2018, and immaterial amounts for 2017 and 2016 in other comprehensive income.

Fair Value Measurements

12 Months Ended

Feb. 02, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The fair values of the Company’s derivative instruments are based on quotes received from third-party banks and represent the estimated amount the Company would pay to terminate the agreements taking into consideration current interest rates as well as the creditworthiness of the counterparties. These inputs are considered to be Level 2.

Financial Assets and Liabilities

The gross carrying amount and fair value of the Company’s debt at February 2, 2019 are as follows (in thousands):



	Carrying Amount		Fair Value
First Lien Term Loan	$	1,530,045	$	1,516,872
ABL Facility	289,000		289,000
Total Debt	$	1,819,045	$	1,805,872

The fair value of debt was determined based on quoted market prices and on borrowing rates available to the Company at February 2, 2019. These inputs are considered to be Level 2.

The gross carrying amount and fair value of the Company’s debt at February 3, 2018 are as follows (in thousands):



	Carrying Amount		Fair Value
First Lien Term Loan	$	1,910,563	$	1,908,174
Second Lien Term Loan	625,000		625,000
ABL Facility	217,000		217,000
Total Debt	$	2,752,563	$	2,750,174

The fair value of debt was determined based on quoted market prices and on borrowing rates available to the Company at February 3, 2018. These inputs are considered to be Level 2.

Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

The Company measures certain non-financial assets and liabilities, including long-lived assets, at fair value on a non-recurring basis. See Note 2 for further information.

The Company believes that the carrying amounts of its other financial instruments, including cash, accounts receivable, and accounts payable approximates their carrying value due to the short-term maturities of these instruments.

- 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

Earnings Per Share

12 Months Ended

Feb. 02, 2019

Earnings Per Share [Abstract]

Earnings Per Share

The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average common shares outstanding for fiscal years 2018, 2017 and 2016:



	Fiscal Year Ended February 2, 2019	Fiscal Year Ended February 3, 2018	Fiscal Year Ended January 28, 2017
Weighted-average common shares outstanding, used for basic computation	116,599,102	88,385,864	88,163,992
Plus: Incremental shares of potentially dilutive securities
Stock incentive awards	4,535,748	3,877,713	2,572,087
Weighted-average number of common and dilutive potential common shares outstanding	121,134,850	92,263,577	90,736,079

Stock incentive awards not included in the computation of diluted earnings were 1,190,597; 811,272 and 3,416,707 as of the end of fiscal years 2018, 2017 and 2016, respectively.

Condensed Financial Information of Registrant (Parent Company Only)

12 Months Ended

Feb. 02, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Financial Information of Registrant (Parent Company Only)

BJ’S WHOLESALE CLUB HOLDINGS, INC.

(PARENT COMPANY ONLY)

CONDENSED BALANCE SHEETS

(Amounts in thousands)



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018
ASSETS
Investment in subsidiaries	$	(202,084	)	$	(1,019,419	)

Contingently redeemable common stock, par value $0.01; 0 shares issued and outstanding at February 2, 2019 and 1,456 shares issued and outstanding at February 3, 2018:	—			10,438

STOCKHOLDERS’ DEFICIT
Common stock, par value $0.01; 305,000 shares authorized; 138,099 shares issued and 137,317 shares outstanding at February 2, 2019; 87,073 shares issued and outstanding at February 3, 2018	1,381			871
Additional paid-in capital	730,757			4,537
Accumulated deficit	(915,113		)	(1,035,265		)
Treasury stock, at cost, 782 shares and no shares outstanding at February 2, 2019 and February 3, 2018, respectively.	(19,109		)	—
Total contingently redeemable common stock and stockholders’ deficit	$	(202,084	)	$	(1,019,419	)

BJ’S WHOLESALE CLUB HOLDINGS, INC.

(PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Amounts in thousands, except per share amounts)



	Fiscal Year Ended February 2, 2019		Fiscal Year Ended February 3, 2018		Fiscal Year Ended January 28, 2017
Equity in net income of subsidiaries	$	127,261	$	50,301	$	44,224
Net income	127,261		50,301		44,224
Net income per share attributable to common stockholders’:
Basic	$	1.09	$	0.57	$	0.50
Diluted	1.05		0.54		0.48
Weighted average number of common shares outstanding:
Basic	116,599		88,386		88,164
Diluted	121,135		92,264		90,736

A statement of cash flows has not been presented as BJ’s Wholesale Club, Holdings, Inc. did not have any cash as of, or for the years ended February 2, 2019, February 3, 2018 or January 28, 2017. See Note 4 for dividends paid to parent.

Basis of Presentation

These condensed parent company-only financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X, as the restricted net assets of the subsidiaries of BJ’s Wholesale Club Holdings, Inc. (as defined in Rule 4-08(e)(3) of Regulation S-X) exceed 25% of the consolidated net assets of the Company. The ability of BJ’s Wholesale Club Holdings, Inc.’s operating subsidiaries to pay dividends may be restricted due to terms of the subsidiaries’ first lien term loan and ABL credit agreements, as defined in Note 5. For example, the covenants of the ABL credit agreement restrict the payment of dividends to, among other exceptions, (i) a $25.0 million general basket, (ii) a basket for unlimited dividends and distributions if there is no event of default, availability under the ABL credit agreement is greater than 12.5% of the lesser of the commitments under the ABL credit agreement and the borrowing base under the ABL credit agreement for 6 months following such dividend or distribution and, if availability is less than 20% of the lesser of the commitments under the ABL credit agreement and the borrowing base under the ABL credit agreement, a 1.00 to 1.00 (or higher) fixed charge coverage ratio for 12 months after giving effect to such dividend or distribution, and (iii) a basket for up to 6.0% per annum of the net proceeds received by or contributed to the borrower’s common stock from certain of such public offerings. The covenants of the first term loan facility restrict the payment of dividends and distributions to, among other exceptions, (i) a $25.0 million general basket, (ii) a basket for unlimited dividends and distributions if no event of default exists and the pro forma total net leverage ratio is less than or equal to 4.25 to 1.00, (iii) a “growing” basket based on, among other things, retained excess cash flow subject to no event of default and compliance with a pro forma interest coverage ratio of greater than or equal to 2.00 to 1.00, and (iv) a basket for 6% per annum of the net cash proceeds received from such qualified IPO that are contributed to the borrower in cash. As of February 2, 2019, the amount of net income free of such restrictions and available for payment by BJ’s Wholesale Club Holdings, Inc. as dividends was $127.3 million, and the total amount of restricted net assets of consolidated subsidiaries of BJ’s Wholesale Club Holdings, Inc. was $131.3 million.

All subsidiaries of BJ’s Wholesale Club, Inc. are consolidated. These condensed parent company financial statements have been prepared using the same accounting principles and policies described in the notes to the consolidated financial statements, with the only exception being that the parent company accounts for its subsidiaries using the equity method.

Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Feb. 02, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Presented below is the selected quarterly financial data for fiscal year 2018 and fiscal year 2017, which was prepared on the same basis as the audited consolidated financial statements and includes all adjustments necessary to present fairly, in all material respects, the information set forth therein on a consistent basis. The fourth quarter of fiscal year 2017 consisted of 14 weeks, whereas the fourth quarter of fiscal year 2018 consisted of 13 weeks. Quarters in which there are 14 weeks will see increased net sales and expenses from the additional week. Also, in the second quarter of fiscal year 2018, the Company paid the entire outstanding amount on its Second Lien Term Loan of $623.2 million. In the first quarter of fiscal year 2017, the Company distributed a $735.5 million dividend to its common stockholders.



(in thousands, except per share amounts)	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
Fiscal Year Ended February 2, 2019 (52 weeks)
Net sales	$	2,993,742		$	3,236,664		$	3,150,234	$	3,343,814
Total revenue	3,061,697			3,307,105			3,221,663		3,416,882
Gross profit	551,359			588,503			592,088		628,945
Net income (loss)	14,137			(5,614		)	54,431		64,307
Basic earnings (loss) per share	0.16			(0.05		)	0.40		0.47
Diluted earnings (loss) per share	0.15			(0.05		)	0.39		0.46
Fiscal Year Ended February 3, 2018 (53 weeks)
Net sales	2,883,298			3,103,335			3,019,389		3,489,973
Total revenue	2,946,828			3,167,527			3,084,245		3,555,989
Gross profit	505,523			553,340			560,948		621,286
Net income (loss)	(58,894		)	19,712			22,775		66,708
Basic earnings (loss) per share	(0.67		)	0.22			0.26		0.75
Diluted earnings (loss) per share	(0.67		)	0.22			0.25		0.71

Subsequent Events	12 Months Ended
Subsequent Events	Feb. 02, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On March 11, 2019, the Company completed an underwritten public offering of 17,000,000 shares of its common stock by certain selling stockholders. Such selling stockholders granted the underwriters a 30-day option to purchase up to an additional 2,550,000 shares of the Company's common stock, which was exercised. The Company did not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders. However, the Company did bear the costs associated with the sale of such shares, except for costs associated with underwriting discounts and commissions.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Feb. 02, 2019

Accounting Policies [Abstract]

Basis of Presentation

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements include the Company and its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Fiscal Year

The Company’s fiscal year ends on the Saturday closest to January 31. Fiscal year 2018 (“2018") consists of the 52 weeks ended February 2, 2019, fiscal year 2017 (“2017”) consists of the 53 weeks ended February 3, 2018 and fiscal year 2016 (“2016”) consists of the 52 weeks ended January 28, 2017.

Initial Public Offering and 2018 Secondary Offering

On July 2, 2018, the Company completed its IPO, in which the Company issued and sold 43,125,000 shares of its common stock (including 5,625,000 shares of common stock that were subject to the underwriters’ option to purchase additional shares) at an initial public offering price of $17.00 per share. The Company received total aggregate proceeds of $685.9 million net of underwriters’ discounts, commissions and other transaction expenses, which totaled $47.2 million.

On July 2, 2018, the Company used the net proceeds from the IPO to extinguish the total outstanding balance of $623.3 million of its senior secured second lien term loan facility (the “Second Lien Term Loan”). See our Debt and Credit Arrangements footnote, for further discussion regarding the Second Lien Term Loan extinguishment.

On October 1, 2018, certain selling stockholders completed the registered sale of 32,200,000 shares of the Company’s common stock at a public offering price of $26.00 per share. Of the 32,200,000 shares sold, 4,200,000 shares represented the underwriters’ exercise of their overallotment option. The Company did not receive any proceeds from this offering or incur underwriters’ discounts or commissions on the sale. The Company incurred transaction costs of $2.4 million primarily for legal, accounting and printer services related to the offering.

Stock Split

On June 15, 2018, the Company effected a seven-to-one stock split of its issued and outstanding shares of common stock and proportional adjustment to the existing conversion ratios for each series of the Company’s Contingently Redeemable Common Stock (see Note 10). Accordingly, all shares and per share amounts for all periods presented in the accompanying consolidated financial statements and notes thereto have been adjusted retroactively, where applicable, to reflect this stock split and adjustment of the contingently redeemable common stock conversion ratios.

Deferred Costs

Deferred Issuance Costs

The Company defers costs directly associated with acquiring third-party financing. Debt issuance costs related to the term loans are recorded as a direct deduction from the carrying amount of the debt and debt issuance costs associated with the ABL are recorded within other assets. Debt issuance costs are amortized over the term of the related financing arrangements on a straight-line basis, which is materially consistent with the effective interest method.

Deferred Offering Costs

The Company capitalized certain legal, professional, accounting and other third-party fees that were directly associated with the July 2, 2018 IPO as deferred offering costs.

Estimates Included in Financial Statements

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and stockholders’ equity, and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates relied upon in preparing these consolidated financial statements include, but are not limited to, revenue recognition; vendor rebates and allowances; estimating inventory reserves; estimating impairment assessments of goodwill, intangible assets, and other long-lived assets; estimating self-insurance reserves; estimating income taxes and equity-based compensation. Actual results could differ from those estimates.

Segment Reporting

The Company’s club retail operations, which represent substantially all of the Company’s consolidated total revenues, are the Company’s only reportable operating segment. All of the Company’s identifiable assets are located in the United States.

Concentration Risk

An adverse change in the Company’s relationships with its key suppliers could have a material effect on the business and results of operations of the Company. Currently, one distributor consolidates a substantial majority of perishables for shipment to the clubs. While the Company believes that such a consolidation is in its best interest overall, a prolonged disruption in logistics processes could materially impact sales and profitability for the near term.

All of the warehouse clubs are located in the eastern United States. Sales from the New York metropolitan area made up approximately 25% of net sales in 2018, 2017 and 2016.

Financial instruments that potentially subject the Company to concentrations of credit risk principally consist of cash held in financial institutions. The Company considers the credit risk associated with these financial instruments to be minimal. Cash is held by financial institutions with high credit ratings and the Company has not historically sustained any credit losses associated with its cash balances.

Cash and Cash Equivalents

Highly liquid investments with a maturity of three months or less at the time of purchase are considered to be cash equivalents. Book overdrafts not subject to offset with other accounts with the same financial institution are classified as accounts payable.

Accounts Receivable

Accounts receivable consists primarily of credit card receivables and receivables from vendors related to rebates and coupons and is stated net of allowances for doubtful accounts of $0.9 million at February 2, 2019 and $1.2 million at February 3, 2018. The determination of the allowance for doubtful accounts is based on BJ’s historical experience applied to an aging of accounts and a review of individual accounts with a known potential for write-off.

Merchandise Inventories

Inventories are stated at the lower of cost, determined under the average cost method, or net realizable value. The Company recognizes the write-down of slow-moving or obsolete inventory in cost of sales when such write-downs are probable and estimable. The Company writes down inventory for estimated shrinkage for the period between physical inventories based on historical results of previous physical inventories, shrinkage trends or other judgments management believes to be reasonable under the circumstances.

Property and Equipment

Property and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line method. Buildings and improvements are depreciated over estimated useful lives of 33 years. Interest related to the development of buildings is capitalized during the construction period. Leasehold costs and improvements are amortized over the remaining lease term (which includes renewal periods that are reasonably assured) or the asset’s estimated useful life, whichever is shorter. Furniture, fixtures and equipment are depreciated over estimated useful lives, ranging from three to ten years. Depreciation expense was $140.4 million in 2018, $138.0 million in 2017 and $149.5 million in 2016.

Certain costs incurred in connection with developing or obtaining computer software for internal use are capitalized. Capitalized software costs are included in furniture, fixtures, and equipment and are amortized on a straight-line basis over the estimated useful life of the software, which is three to seven years. Software costs not meeting the criteria for capitalization are expensed as incurred.

Expenditures for betterments and major improvements that significantly enhance the value and increase the estimated useful life of the assets are capitalized and depreciated over the new estimated useful life. Repairs and maintenance costs on all assets are expensed as incurred.

Goodwill and Indefinite-Lived Intangible Assets

2016.

Goodwill and Indefinite-Lived Intangible Assets

Goodwill and indefinite-lived trade name intangible assets are not subject to amortization. The Company assesses the recoverability of its goodwill and trade name annually in the fourth quarter or whenever events or changes in circumstances indicate it may be impaired. The Company has determined it has one reporting unit for goodwill impairment testing purposes.

The Company may assess its goodwill for impairment initially using a qualitative approach (“step zero”) to determine whether conditions exist to indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying value. If management concludes, based on its assessment of relevant events, facts and circumstances that it is more likely than not that a reporting unit’s carrying value is greater than its fair value, then a quantitative analysis will be performed to determine if there is any impairment. The Company may also elect to initially perform a quantitative analysis instead of starting with step zero. The quantitative assessment for goodwill is a two-step assessment. “Step one” requires comparing the carrying value of a reporting unit, including goodwill, to its fair value. If the fair value of the reporting unit exceeds its carrying amount, goodwill is not considered to be impaired and no further testing is required. If the carrying amount of the reporting unit exceeds its fair value, the second step of the goodwill impairment test is to measure the amount of impairment loss, if any. “Step two” compares the implied fair value of goodwill to the carrying amount of goodwill. The implied fair value of goodwill is determined by a hypothetical purchase price allocation using the reporting unit’s fair value as the purchase price. If the carrying amount of goodwill exceeds the implied fair value, an impairment charge is recorded to write down goodwill to its implied fair value and is recorded as a component of selling, general and administrative expense (“SG&A”). The Company assessed the recoverability of goodwill in fiscal years 2018, 2017 and 2016 and determined that there was no impairment.

The Company assesses the recoverability of its trade name whenever there are indicators of impairment, or at least annually in the fourth quarter. If the recorded carrying value of the trade name exceeds its estimated fair value, the Company records a charge to write the intangible asset down to its estimated fair value as a component of SG&A.

Impairment of Long-lived Assets

The Company reviews the realizability of long-lived assets periodically and whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Current and expected operating results and cash flows and other factors are considered in connection with management’s reviews. For purposes of evaluating the recoverability of long-lived assets, the recoverability test is performed using undiscounted net cash flows of individual clubs and consolidated net cash flows for long-lived assets not identifiable to individual clubs. Impairment losses are measured as the difference between the carrying amount and the estimated fair value of the assets being evaluated. In fiscal year 2018 we recorded an impairment loss of $4.0 million on the fixed assets of Hooksett, New Hampshire to lower the carrying value of the fixed assets to its estimated fair value less cost to sell.

Asset Retirement Obligations

An asset retirement obligation represents a legal obligation associated with the retirement of a tangible long-lived asset that is incurred upon the acquisition, construction, development or normal operation of that long-lived asset. The Company recognizes asset retirement obligations in the period in which they are placed in service, if a reasonable estimate of fair value can be made. The asset retirement obligation is subsequently adjusted for changes in fair value. The associated estimated asset retirement costs are capitalized in leasehold improvements and depreciated over their useful life. The Company’s asset retirement obligations relate to the future removal of gasoline tanks and solar panels installed at leased clubs and the related assets associated with the gas stations and solar panel locations.

Self-Insurance Reserves

The Company is primarily self-insured for workers’ compensation, general liability claims and medical claims. Reported reserves for these claims are derived from estimated ultimate costs based upon individual claim file reserves and estimates for incurred but not reported claims. The Company carries stop-loss insurance on its workers’ compensation and general liability claims to mitigate its exposure to large claims.

Revenue Recognition and Related

Revenue Recognition

At the beginning of fiscal year 2018, the Company adopted the provisions of ASC 606, Revenue from Contracts with Customers, and related amendments (“ASC 606”) using the modified retrospective adoption method. The following describes the changes to the Company’s accounting policies due to the adoption of ASC 606:

The Company uses the five-step model to recognize revenue:

1)Identify the contract with the customer;

2)Identify the performance obligation;

3)Determine the transaction price;

4)Allocate the transaction price to each performance obligation if multiple obligations exist; and

5)Recognize the revenue as the performance obligations are satisfied.

Performance Obligations

The Company identifies each distinct performance obligation to transfer goods (or bundle of goods) or services. The Company recognizes revenue when (or as) it satisfies a performance obligation by transferring control of the goods or services to the customer.

Merchandise sales—The Company recognizes sale of merchandise at clubs and gas stations at the point of sale when the customer takes possession of the goods and tenders payment. At point of sale, the performance obligation is satisfied because control of the merchandise transfers to the customer. Sales of merchandise at the Company’s clubs and gas stations, excluding sales taxes, represent approximately 97% of the Company’s net sales and approximately 95% of the Company’s total revenues. Sales taxes are recorded as a liability at the point of sale. Revenue is recorded at the point of sale based on the transaction price on the merchandise tag, net of any applicable discounts, sales taxes and expected refunds. For e-commerce sales, the Company recognizes sales when control of the merchandise is transferred to the customer, which is typically at the shipping point.

BJ's Perks Rewards— The Company’s BJ’s Perks Rewards members earn 2% cash back, up to a maximum of $500 per year, on all qualified purchases made at BJ’s. The Company’s My BJ’s Perks^® Mastercard^®credit card holders earn 3% or 5% cash back on all qualified purchases made at BJ’s and 1% or 2% cash back on purchases made with the card outside of BJ’s. Cash back is in the form of electronic awards issued in $20 increments that may be used at checkout at BJ's and expire six months from the date issued. The Company accounts for the awards as a reduction of net sales, with the related liability classified within other current liabilities. This liability was $25.8 million at February 2, 2019 and $22.7 million at February 3, 2018.

Earned awards may be redeemed on future purchases made at the Company. The Company recognizes revenue for earned awards when customers redeem such awards as part of a purchase at one of the Company’s clubs or the Company’s website. The Company accounts for these transactions as multiple element arrangements and allocates the transaction price to separate performance obligations using their relative fair values. The Company includes the fair value of award dollars earned in deferred revenue at the time the award dollars are earned.

Royalty revenue received in connection with the co-brand credit card program is variable consideration and is considered constrained until the card holder makes a purchase. The Company's total deferred royalty revenue related to the My BJ's Perks credit card program was $13.4 million at February 2, 2019. The timing of revenue recognition of this deferred balance is driven by actual customer activities, such as redemptions and expirations. The Company expects to recognize $11.5 million of the deferred revenue at February 2, 2019 in fiscal year 2019, and the remainder will be recognized in the years thereafter.

Membership—The Company charges a membership fee to its customers. That fee allows customers to shop in the Company’s clubs, shop on the Company’s website and purchase gas at the Company’s gas stations for the duration of the membership, which is generally 12 months. Because the Company has the obligation to provide access to its clubs, website and gas stations for the duration of the membership term, the Company recognizes membership fees on a straight-line basis over the life of the membership. The Company’s deferred revenue related to membership fees was $134.4 million and $125.6 million at February 2, 2019 and February 3, 2018, respectively.

Gift Card Programs—The Company sells BJ’s gift cards that allow the customer to redeem the card for future purchases equal to the amount of the original purchase price of the gift card. Revenue from gift card sales is recognized upon redemption of the gift card because the Company’s performance obligation to redeem the gift card for merchandise is satisfied when the gift card is redeemed. Historically, the Company has recognized breakage under the remote model, which recognizes breakage income when the likelihood of the customer exercising its remaining rights becomes remote. Under the new guidance, the Company recognizes breakage in proportion to its rate of gift card redemptions. This change in breakage recognition model resulted in a $1.8 million increase to accumulated deficit upon adoption and had an immaterial impact on the Company’s results of operations for the fiscal year ended February 2, 2019. Deferred revenue related to gift cards was $8.8 million immediately after the adoption and $9.1 million at February 2, 2019. The Company recognized approximately $50.0 million of revenue from gift card redemptions in the fiscal year ended February 2, 2019.

Warranty Programs

The Company passes on any manufacturers’ warranties to the members. In addition, BJ’s includes an extended warranty on tires sold at the clubs, under which BJ’s customers receive tire repair services or tire replacement in certain circumstances. This warranty is included in the sale price of the tire and it cannot be declined by the customers. The Company is fully liable for claims under the tire warranty program. As the primary obligor in these arrangements, associated revenue is recognized on the date of sale and an estimated warranty obligation is accrued based on claims experience. The liability for future claims under this program is not material to the financial statements.

Extended warranties are also offered on certain types of products such as appliances, electronics and jewelry. These warranties are provided by a third party at fixed prices to BJ’s. No liability is retained to satisfy warranty claims under these arrangements. The Company is not the primary obligor under these warranties, and as such net revenue is recorded on these arrangements at the time of sale. Revenue from warranty sales is included in net sales on the income statement.

Determine the Transaction Price

The transaction price is the amount of consideration the Company expects to receive under the arrangement. The Company is required to estimate variable consideration (if any) and to factor that estimate into the determination of the transaction price. The Company may offer sales incentives to customers, including discounts. For retail transactions, the Company has significant experience with return patterns and relies on this experience to estimate expected returns when determining the transaction price.

Returns and Refunds—The Company’s products are generally sold with a right of return and may provide other credits or incentives, which are accounted for as variable consideration when estimating the amount of revenue to recognize. The Company records an allowance for returns based on current period revenues and historical returns experience. The Company analyzes actual historical returns, current economic trends and changes in sales volume and acceptance of the Company’s products when evaluating the adequacy of the sales returns allowance in any accounting period.

The sales returns reserve, which reduces sales and cost of sales for the estimated impact of returns, was $6.8 million in 2018, $1.5 million in 2017 and $2.0 million in 2016.

Customer Discounts—Discounts given to customers are usually in the form of coupons and instant markdowns and are recognized as redeemed and recorded in contra revenue accounts, as they are part of the transaction price of the merchandise sale. Manufacturer coupons that are available for redemption at all retailers are not reduced from the sale price of merchandise.

Agent Relationships

Ancillary Business Revenue—The Company enters into certain agreements with service providers that offer goods and services to the Company’s members. These service providers sell goods and services including home improvement services, vision care and cell phones to the Company’s customers. In exchange, the Company receives payments in the form of commissions and other fees. The Company evaluates the relevant criteria to determine whether they serve as the principal or agent in these contracts with customers, in determining whether it is appropriate in these arrangements to record the gross amount of merchandise sales and related costs, or the net amount earned as commissions. When the Company is considered the principal in a transaction, revenue is recorded gross; otherwise, revenue is recorded on a net basis. The majority of the Company’s ancillary business revenue is recorded on a net basis. Commissions received from these service providers are considered variable consideration and are constrained until the third-party customer makes a purchase from one of the service providers.

Significant Judgments

Standalone Selling Prices—For arrangements that contain multiple performance obligations, the Company allocates the transaction price to each performance obligation on a relative standalone selling price basis.

Costs Incurred to Obtain a Contract—Incremental costs to obtain contracts are not material to the Company.

Policy Elections

In addition to those previously disclosed, the Company has made the following accounting policy elections and practical expedients:

Portfolio Approach—The Company uses the portfolio approach when multiple contracts or performance obligations are involved in the determination of revenue recognition.

Taxes—The Company excludes from the transaction price any taxes collected from customers that are remitted to taxing authorities.

Shipping and Handling Charges—Charges that are incurred before and after the customer obtains control of goods are deemed to be fulfillment costs.

Time Value of Money—The Company’s payment terms are less than one year from the transfer of goods. Therefore, the Company does not adjust promised amounts of consideration for the effects of the time value of money.

Disclosure of Remaining Performance Obligations—The Company does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations for contracts that are one year or less in term. Additionally, the Company does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations when the transaction price is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a good or service that forms part of a series of distinct goods or services.

Cost of Sales

The Company’s cost of sales includes the direct costs of sold merchandise, which includes customs, taxes, duties and inbound shipping costs, inventory shrinkage and adjustments and reserves for excess, aged and obsolete inventory. Cost of goods sold also includes certain distribution center costs and allocations of certain indirect costs, such as occupancy, depreciation, amortization, labor and benefits.

Presentation of Sales Tax Collected from Customers and Remitted to Governmental Authorities

In the ordinary course of business, sales tax is collected on items purchased by the members that are taxable in the jurisdictions when the purchases take place. These taxes are then remitted to the appropriate taxing authority. These taxes collected are excluded from revenues in the financial statements.

Vendor Rebates and Allowances

The Company receives various types of cash consideration from vendors, principally in the form of rebates, based on purchasing or selling certain volumes of product, time-based rebates or allowances, which may include product placement allowances or exclusivity arrangements covering a predetermined period of time, price protection rebates and allowances for retail price reductions on certain merchandise and salvage allowances for product that is damaged, defective or becomes out-of-date.

Such vendor rebates and allowances are recognized based on a systematic and rational allocation of the cash consideration offered to the underlying transaction that results in progress by BJ’s toward earning the rebates and allowances, provided the amounts to be earned are probable and reasonably estimable. Otherwise, rebates and allowances are recognized only when predetermined milestones are met. The Company recognizes product placement allowances as a reduction of cost of sales in the period in which the product placement is completed. Time-based rebates or allowances are recognized as a reduction of cost of sales over the performance period on a straight-line basis. All other vendor rebates and allowances are recognized as a reduction of cost of sales when the merchandise is sold or otherwise disposed.

Cash consideration is also received for advertising products in publications sent to BJ’s members. Such cash consideration is recognized as a reduction of SG&A to the extent it represents a reimbursement of specific, incremental and identifiable SG&A costs incurred by BJ’s to sell the vendors’ products. If the cash consideration exceeds the costs being reimbursed, the excess is characterized as a reduction of cost of sales. Cash consideration for advertising vendors’ products is recognized in the period in which the advertising takes place.

Manufacturers’ Incentives Tendered by Consumers

Consideration from manufacturers’ incentives (such as rebates or coupons) is recorded gross in net sales when the incentive is generic and can be tendered by a consumer at any reseller and the Company receives direct reimbursement from the manufacturer, or clearinghouse authorized by the manufacturer, based on the face value of the incentive. If these conditions are not met, such consideration is recorded as a decrease in cost of sales.

Leases

The majority of leases are accounted for as operating leases in accordance with ASC 840, Leases. Assets subject to an operating lease and the related lease payments are not recorded on the balance sheet. Rent expense is recognized on a straight-line basis over the expected lease term. The lease term begins on the date the Company becomes legally obligated for the rent payments or takes possession of the property, whichever is earlier. The lease term includes cancelable option periods where failure to exercise such options would result in economic penalty.

Sometimes, the Company is involved in the construction of leased clubs. In these situations, the Company evaluates whether it is deemed the owner of the club for accounting purposes. If deemed the owner of the construction project, the Company capitalizes the construction costs of the club on the balance sheet and records financing obligations equal to the cash proceeds or fair value of the assets received from the landlord. Upon the completion of the project, a sale-leaseback analysis is performed pursuant to current leasing guidance to determine if the assets and related financing obligations can be removed from the balance sheet. Assuming the assets and liabilities are removed from the balance sheet, leases are classified as either operating or capital. In some of the leases, the Company is reimbursed only a portion of the construction cost or the lease has terms that fix the rental payments for a significant percentage of the leased asset’s economic life. These items generally are considered continuing involvement which precludes removing the assets and related financing obligation from the balance sheet when construction is complete. Rent expense is not reported for any properties which are considered owned for accounting purposes. Rental payments under these leases are allocated as a reduction of the financing obligation and interest expense.

Assets recorded under capital lease and financing obligations are included in land and buildings on the balance sheet and are depreciated over their estimated useful lives using the straight-line method.

Preopening Costs

Preopening costs consist of direct incremental costs of opening or relocating a facility and are expensed as incurred.

Advertising Costs

Advertising costs generally consist of efforts to acquire new members and typically include media advertising (some of which is vendor-funded). BJ’s expenses advertising as incurred as a component of SG&A.

Stock-Based Compensation

The fair value of service-based employee awards is recognized as compensation expense on a straight-line basis over the requisite service period of the award. The fair value of the performance-based awards is recognized as compensation expense ratably over the service period of each performance tranche. The fair value of the stock-based awards is determined using the Black-Scholes option pricing model. Determining the fair value of options at the grant date requires judgment, including estimating the expected term that stock options will be outstanding prior to exercise and the associated volatility.

Prior to the consummation of the IPO on June 28, 2018, the estimated fair value of the Company's stock was determined by its board of directors, with input from management and considering third-party valuations of common stock. Subsequent to the IPO date, the Company's common stock was listed on the New York Stock Exchange ("NYSE") and its value was determined by the market price on the NYSE.

Earnings Per Share

Basic net income per share attributable to common stockholders is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period, including contingently redeemable common stock recorded outside of stockholders’ equity. Basic income from continuing operations per share attributable to common stockholders is calculated by dividing income from continuing operations available to common stockholders by the weighted average number of common shares outstanding for the period, including contingently redeemable common stock recorded outside of stockholders’ equity. Basic loss from discontinuing operations per share attributable to common stockholders is calculated by dividing loss from discontinuing operations available to common stockholders by the weighted average number of common shares outstanding for the period, including contingently redeemable common stock recorded outside of stockholders’ equity.

Diluted net income per share attributable to common stockholders is calculated by dividing net income available to common stockholders by the diluted weighted average number of common shares outstanding for the period. Diluted income from continuing operations per share attributable to common stockholders is calculated by dividing income from continuing operations available to common stockholders by the diluted weighted average number of common shares outstanding for the period. Diluted loss from discontinuing operations per share attributable to common stockholders is calculated by dividing loss from discontinuing operations available to common stockholders by the diluted weighted average number of common shares outstanding for the period.

Income Taxes

The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial statement carrying values and their respective tax bases, using enacted tax rates expected to be applicable in the years in which the temporary differences are expected to reverse. Changes in deferred tax assets and liabilities are recorded in the provision for income taxes. The Company evaluates the realizability of its deferred tax assets and establishes a valuation allowance when it is more likely than not that all or a portion of the deferred tax assets will not be realized. Potential for recovery of deferred tax assets is evaluated by estimating the future taxable profits expected, scheduling of anticipated reversals of taxable temporary differences, and considering prudent and feasible tax planning strategies.

The Company records liabilities for uncertain income tax positions based on a two-step process. The first step is recognition, where an individual tax position is evaluated as to whether it has a likelihood of greater than 50% of being sustained upon examination based on the technical merits of the position, including resolution of any related appeals or litigation processes. For tax positions that are currently estimated to have less than a 50% likelihood of being sustained, no tax benefit is recorded. For tax positions that have met the recognition threshold in the first step, the Company performs the second step of measuring the benefit to be recorded. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized on ultimate settlement. The actual benefits ultimately realized may differ from the estimates. In future periods, changes in facts, circumstances and new information may require the Company to change the recognition and measurement estimates with regard to individual tax positions. Changes in recognition and measurement estimates are recorded in income tax expense and liability in the period in which such changes occur.

Any interest or penalties incurred related to unrecognized tax benefits are recorded as a component of the provision for income tax expense.

Derivative Financial Instruments

All derivatives are recognized as either assets or liabilities on the consolidated balance sheet and measurement of these instruments is at fair value. If the derivative is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded as a component of accumulated other comprehensive income and are recognized in the consolidated statement of operations when the hedged item affects earnings. Any portion of the change in fair value that is determined to be ineffective is immediately recognized in earnings as SG&A. Derivative gains or losses included in accumulated other comprehensive income are reclassified into earnings at the time the hedged transaction occurs as a component of SG&A.

Fair Value of Financial Instruments

Certain assets and liabilities are carried at fair value in accordance with GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

The Company uses a three-level hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. Financial assets and liabilities carried at fair value are to be classified and disclosed in one of the following three levels of the fair value hierarchy, of which the first two are considered observable and the last is considered unobservable:


•	Level 1, quoted market prices in active markets for identical assets or liabilities.


•	Level 2, observable inputs other than quoted market prices included in Level 1 such as quoted market prices for markets that are not active or other inputs that are observable or can be corroborated by observable market data.


•	Level 3, unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities, including certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

Comprehensive Income

Comprehensive income is a measure of net income and all other changes in equity that result from transactions other than with equity holders, and would normally be recorded in the consolidated statements of stockholders’ equity and the consolidated statements of comprehensive income. Other comprehensive income consists of unrealized gains and losses from derivative instruments designated as cash flow hedges, and postretirement medical plan adjustments.

Recently Adopted and Recent Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Revenue from Contracts with Customers (ASU 2014-09)

In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (“ASC No. 606”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU replaced most existing revenue recognition guidance in U.S. GAAP as of its effective date.

The Company adopted the new guidance at the beginning of fiscal year 2018 using the modified retrospective adoption method and recognized the cumulative effect of initially applying the new guidance as an adjustment to the opening balance of accumulated deficit. The new guidance was only applied to contracts not completed as of the initial date of application. Additionally, any contract that was modified prior to the adoption date has been reflected in the cumulative adjustment giving effect to the aggregate effect of all contract modifications prior to the initial application date. The impact of employing this practical expedient for contract modifications is immaterial. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The cumulative effect of the changes made to the Company’s February 3, 2018 balance sheet for the adoption of the standard update was as follows (in thousands):



	Balance as of February 3, 2018			Adjustment for new Standard			Balance as of February 4, 2018
Prepaid expenses and other current assets	$	81,972		$	7,820		$	89,792
Accrued expenses and other current liabilities	495,767			16,645			512,412
Deferred income taxes	57,074			(2,463		)	54,611
Accumulated deficit	(1,036,012		)	(6,362		)	(1,042,374		)

The impact of the adoption of the ASU on the Company’s Consolidated Statement of Operations for the fiscal year ended February 2, 2019, resulted in a decrease to cost of sales and net sales of $5.7 million and $6.8 million, respectively, due to recording the allowance for returns reserve on a gross basis. The remaining impact of the adoption of the ASU on the Company’s Consolidated Statement of Operations for the fiscal year ended February 2, 2019 was immaterial.

The impact of the adoption of the ASU on the Company’s Consolidated Balance Sheet as of February 2, 2019 was as follows (in thousands):



	As Reported			Balance without adoption			Effect of change
Prepaid expenses and other current assets	$	63,454		$	57,785		$	5,669
Accrued expenses and other current liabilities	504,834			489,492			15,342
Deferred income taxes	36,937			39,636			(2,699		)
Accumulated deficit	(915,113		)	(908,139		)	(6,974		)

Derivatives and Hedging (ASU 2017-12)

In August 2017, the FASB issued ASU 2017-12 Derivatives and Hedging (Topic 815). The update allows hedge accounting for new types of interest rate hedges of financial instruments and simplifies the documentation requirements to qualify for hedge accounting. In addition, any gain or loss from hedge ineffectiveness will be reported in the same income statement line with the effective hedge results and the hedged transaction. The updated guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2018, with early adoption permitted. The Company adopted this guidance at the beginning of its fourth quarter of fiscal year 2018 and the effect of the adoption did not have a material impact on the Company’s consolidated financial statements.

Employee Share-Based Payments (ASU 2016-09)

In March 2016, the FASB issued an accounting standard update that aims to simplify accounting for stock-based compensation. The changes include accounting for income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross share compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The Company elected to account for forfeitures as they occur rather than apply an estimated forfeiture rate to stock-based compensation expense. The Company adopted this standard update in 2017 and applied the changes prospectively. The effect of the adoption did not have a material impact on the Company’s consolidated financial statements.

Inventory Measurement (ASU 2015-11)

In July 2015, the FASB issued an accounting standard update that aims to simplify the measurement of inventory. The changes include measuring inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The Company adopted this standard on a prospective basis in 2017 and prior periods were not retrospectively adjusted. The effect of the adoption did not have a material impact on the Company’s consolidated financial statements.

Reclassifications of Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02)

In February 2018, the FASB issued an accounting standard update that allows the reclassification of stranded tax effects resulting from the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings. The Company adopted this standard update in 2017 and applied the changes prospectively for the fiscal year ended February 3, 2018 and reclassified $432 thousand from accumulated other comprehensive income to retained earnings as of February 3, 2018.

Modifications to Share-based Compensation Awards (ASU 2017-09)

At the beginning of fiscal year 2018, the Company adopted ASU No. 2017-09, Compensation-Stock Compensation Topic 718-Scope of Modification Accounting (“ASU 2017-09”). ASU 2017-09 clarifies when changes to the terms and conditions of share-based payment awards must be accounted for as modifications. Entities apply the modification accounting guidance if the value, vesting conditions, or classification of an award changes. The Company has not modified any share-based payment awards. Should the Company modify share-based payment awards in the future, it will apply the provisions of ASU 2017-09.

Definition of a Business (ASU 2017-01)

At the beginning of fiscal year 2018, the Company adopted ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU 2017-01”). ASU 2017-01 assists entities in determining if acquired assets constitute the acquisition of a business or the acquisition of assets for accounting and reporting purposes. This distinction is important because goodwill can only be recognized in an acquisition of a business. Prior to ASU 2017-01, if revenues were generated immediately before and after a transaction, the acquisition was typically considered a business. Under ASU 2017-01, entities are required to further assess the substance of the processes they acquire. Should the Company commence or complete an acquisition in future periods, it will apply the provisions of ASU 2017-01.

Classification of Costs Related to Defined Benefit Pension and Other Post-Retirement Benefit Plans (ASU 2017-07)

At the beginning of fiscal year 2018, the Company adopted ASU No. 2017-07, Compensation—Retirement Benefits (Topic 715: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-Retirement Benefit Cost (“ASU 2017-07”). ASU 2017-07 changes how employers that sponsor defined benefit pension and/or other post-retirement benefit plans present the net periodic benefit costs in the statement of operations. Under this new guidance, an employer’s statement of operations presents service cost arising in the current period in the same statement line item as other employee compensation. However, all other components of current period costs related to defined benefit plans, such as prior service costs and actuarial gains and losses, are presented on the statement of operations on a line item outside (or below) operating income. ASU 2017-07 affects only the classification of certain costs on the statement of operations, not the determination of costs. Net periodic pension costs related to the Company’s frozen defined benefit pension plan and post-retirement medical benefit plan were not material for fiscal year 2018 or prior periods. The retrospective impact of this standard on our historical financial statements is not material, and future filings will not be restated.

Statement of Cash Flows (ASU 2016-15)

At the beginning of fiscal year 2018, the Company adopted ASU No. 2016-15, Statement of Cash Flows (Topic 230) (“ASU 2016-15”). ASU 2016-15 represents a consensus of the FASB’s Emerging Issues Task Force on eight separate issues that, if present, can impact classifications on the statement of cash flows. The guidance requires application using a retrospective transition method. The adoption of ASU 2016-15 only impacted the classification of certain insurance proceeds on the Company consolidated statement of cash flows for the first quarter of fiscal year 2017. The Company’s insurance proceeds were not material for fiscal year 2018 or fiscal year 2017. The retrospective impact of this standard on our historical financial statements is not material and future filings will not be restated.

Recent Accounting Pronouncements

Leases (ASU 2016-02)

In February 2016, the FASB issued ASU 2016-02 Leases (Topic 842) which will require recognition on the balance sheet for the rights and obligations created by leases with terms greater than twelve months. The new standard is effective for fiscal years and interim periods within those years beginning after December 15, 2018, with early adoption permitted. The Company plans to adopt this guidance at the beginning of its first quarter of fiscal 2019 and plans to utilize the transition option which does not require application of the guidance to comparative periods in the year of adoption. Upon adoption of the standard, the Company will be required to record substantially all leases on the balance sheet as a right-of-use ("ROU") asset and a lease liability. The Company expects to utilize the related package of practical expedients permitted by the transition guidance in ASU 2016-02, which allows the Company to carry forward its identification of contracts that are or contain leases, its historical lease classification and its initial direct costs for existing leases. The Company expects to recognize lease liabilities for its operating leases totaling between $1.9 billion and $2.1 billion upon adoption. The initial ROU assets recognized will be equal to the initial operating lease liabilities, adjusted for the balance on adoption date of prepaid and accrued rent, lease incentives and unamortized initial direct costs. The Company currently expects to recognize ROU assets in the same range as its lease liabilities for its operating leases. The Company does not expect adoption of the standard to have a material impact on the Company’s historical capital leases, which will be presented as finance leases under ASU 2016-02. Additionally, the Company does not believe adoption of this standard will have a material effect on the Company's consolidated results of operations or cash flows.

Non-Employee Share-Based Compensation (ASU 2018-07)

In June 2018, the FASB issued ASU 2018-07 Improvements to Non-employee Share-Based Payment Accounting which updates the guidance to Compensation—Stock Compensation (Topic 718). The updated guidance aligns the measurement and classification guidance for share-based payments to non-employees with the guidance for share-based payments to employees, with certain exceptions. The updated guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018, with early adoption permitted. The Company does not anticipate the updated guidance will have a material impact on its consolidated financial statements.

Fair Value Measurement (ASU 2018-13)

In August 2018, the FASB issued ASU 2018-13 Changes to the Disclosure Requirements for Fair Value Measurement which updates the guidance to Fair Value Measurement (Topic 820). The updated guidance modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The updated guidance is effective for fiscal periods beginning after December 15, 2019 including interim periods within those fiscal years, with early adoption permitted. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company does not anticipate the updated guidance will have a material impact on its consolidated financial statements.

Goodwill Impairment (ASU 2017-04)

In January 2017, the FASB issued ASU 2017-04. ASU 2017-04 provides amendments to ASC 350, "Intangibles - Goodwill and Other", which eliminate Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company does not believe adoption of this standard will have a material effect on the Company's consolidated results of operations or cash flows.

Intangibles-Goodwill and Other-Internal-Use Software (ASU 2018-15)

In August 2018, the FASB issued ASU 2018-15 Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40). The update related to accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The update allows entities who are customers in hosting arrangements that are service contracts to apply the existing internal-use software guidance to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. The update specifies classification for capitalizing implementation costs and related amortization expense within the financial statements and requires additional disclosures. The updated guidance is effective for fiscal reporting periods, including interim reporting within those periods, beginning after December 15, 2019. Early adoption is permitted and can be applied either retrospectively or prospectively. The Company is currently evaluating the transition methods and the impact of the adoption of this standard on its consolidated financial statements.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 02, 2019

Accounting Policies [Abstract]

Percentages of net sales by product line

The following table summarizes the percentage of net sales by category:



	Fiscal Year
	2018 % of Total		2017 % of Total		2016 % of Total
Edible Grocery	24	%	24	%	25	%
Perishables	28	%	29	%	29	%
Non-Edible Grocery	21	%	21	%	22	%
General Merchandise	14	%	14	%	14	%
Gasoline & Other Ancillary Services	13	%	12	%	10	%

Impact of adoption of ASU 2014-09

The cumulative effect of the changes made to the Company’s February 3, 2018 balance sheet for the adoption of the standard update was as follows (in thousands):



	Balance as of February 3, 2018			Adjustment for new Standard			Balance as of February 4, 2018
Prepaid expenses and other current assets	$	81,972		$	7,820		$	89,792
Accrued expenses and other current liabilities	495,767			16,645			512,412
Deferred income taxes	57,074			(2,463		)	54,611
Accumulated deficit	(1,036,012		)	(6,362		)	(1,042,374		)

The impact of the adoption of the ASU on the Company’s Consolidated Balance Sheet as of February 2, 2019 was as follows (in thousands):



	As Reported			Balance without adoption			Effect of change
Prepaid expenses and other current assets	$	63,454		$	57,785		$	5,669
Accrued expenses and other current liabilities	504,834			489,492			15,342
Deferred income taxes	36,937			39,636			(2,699		)
Accumulated deficit	(915,113		)	(908,139		)	(6,974		)

Debt and Credit Arrangements (Tables)

12 Months Ended

Feb. 02, 2019

Debt Disclosure [Abstract]

Schedule of debt

Debt consisted of the following at February 2, 2019 and February 3, 2018 (in thousands):



	February 2, 2019			February 3, 2018
ABL Facility	$	289,000		$	217,000
First Lien Term Loan	1,530,045			1,910,563
Second Lien Term Loan	—			625,000
Unamortized debt discount and debt issuance costs	(18,197		)	(40,153		)
Less: current portion	(254,377		)	(219,750		)
Long-term debt	$	1,546,471		$	2,492,660

Schedule of future minimum principal payments on debt

Scheduled future minimum principal payments on debt as of February 2, 2019 are as follows:



Fiscal Year:	Dollars in thousands
2019	$	254,377
2020	15,377
2021	15,377
2022	15,377
2023	1,518,537
Thereafter	—
Total	$	1,819,045

Interest Expense, net (Tables)

12 Months Ended

Feb. 02, 2019

Other Income and Expenses [Abstract]

Components of interest expense

The following details the components of interest expense for the periods presented (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018			Fiscal Year Ended January 28, 2017
Interest on debt	$	128,643		$	163,210		$	122,193
Interest on capital lease and financing obligations	4,119			4,205			4,244
Debt issuance costs amortization	3,322			4,060			7,693
Original issue discount amortization	3,233			4,403			9,398
Charges related to debt refinancing	25,405			21,061			—
Capitalized interest	(187		)	(215		)	(68		)
Unrealized loss on interest rate caps	—			—			73
Other interest income	—			—			(182		)
Interest expense, net	$	164,535		$	196,724		$	143,351

Intangible Assets and Liabilities (Tables)

12 Months Ended

Feb. 02, 2019

Goodwill Intangible Assets And Deferred Charge Disclosure [Abstract]

Intangible assets and liabilities

Intangible assets and liabilities consist of the following (in thousands):



	February 2, 2019
	Gross Carrying Amount			Accumulated Amortization			Net Amount
Goodwill	$	924,134		$	—		$	924,134

Intangible Assets Not Subject to Amortization:
BJ’s trade name	$	90,500		$	—		$	90,500

Intangible Assets Subject to Amortization:
Member relationships	245,000			(178,330		)	66,670
Private label brands	8,500			(5,194		)	3,306
Below market leases	120,182			(79,788		)	40,394
Total intangible assets	$	464,182		$	(263,312	)	$	200,870

Intangible Liabilities Subject to Amortization:
Above market leases	$	(30,515	)	$	16,872		$	(13,643	)



	February 3, 2018
	Gross Carrying Amount			Accumulated Amortization			Net Amount
Goodwill	$	924,134		$	—		$	924,134

Intangible Assets Not Subject to Amortization:
BJ’s trade name	$	90,500		$	—		$	90,500

Intangible Assets Subject to Amortization:
Member relationships	245,000			(163,668		)	81,332
Private label brands	8,500			(4,486		)	4,014
Below market leases	120,182			(71,152		)	49,030
Total intangible assets	$	464,182		$	(239,306	)	$	224,876

Intangible Liabilities Subject to Amortization:
Above market leases	$	(30,515	)	$	14,709		$	(15,806	)

Estimated future intangible assets and liabilities amortization

The Company estimates that amortization expense related to intangible assets and liabilities will be as follows in each of the next five fiscal years (in thousands):



	Below Market Leases		Above Market Leases			Other Intangibles		Total
2019	$	7,633	$	(2,077	)	$	13,491	$	19,047
2020	7,117		(1,846		)	11,862		17,133
2021	6,153		(1,581		)	10,483		15,055
2022	4,507		(1,526		)	9,230		12,211
2023	3,743		(1,374		)	7,866		10,235

Commitments and Contingencies (Tables)

12 Months Ended

Feb. 02, 2019

Commitments and Contingencies Disclosure [Abstract]

Future minimum lease payments of operating leases

Future minimum lease payments of operating leases as of February 2, 2019 were as follows (in thousands):



Fiscal Year	Future minimum payments
2019	$	309,785
2020	310,956
2021	299,410
2022	282,841
2023	264,363
Thereafter	1,778,207
Total	$	3,245,562

Future minimum lease payments of capital leases and financing obligations

Future minimum lease payments of capital leases and financing obligations for arrangements that did not qualify for sale-lease back accounting as of February 2, 2019 are as follows (in thousands):



Fiscal Year	Future minimum payments
2018	$	4,510
2019	4,807
2020	4,833
2021	4,894
2022	4,956
Thereafter	34,377
Total Minimum payments	58,377
Less: amount representing interest	(37,855		)
Total	$	20,522

Discontinued Operations (Tables)

12 Months Ended

Feb. 02, 2019

Discontinued Operations and Disposal Groups [Abstract]

Activity associated with discontinued operations

The following tables summarize the activity for the periods ended February 2, 2019 and February 3, 2018 associated with discontinued operations, which consist of closing two BJ’s clubs in January 2011 (in thousands):



	Discontinued Operations 2018
	Liabilities February 3, 2018		Charges			Payments/ Increase			Liabilities February 2, 2019		Cumulative Charges to Date, Net
BJ’s clubs	$	8,683	$	(235	)	$	(5,259	)	$	3,189	$	59,364
Current portion	$	2,122							$	739
Long-term portion	6,561								2,450
Total	$	8,683							$	3,189


	Discontinued Operations 2017
	Liabilities January 28, 2017		Charges			Payments/ Increase			Liabilities February 3, 2018		Cumulative Charges to Date, Net
BJ’s clubs	$	8,271	$	2,766		$	(2,354	)	$	8,683	$	59,599
Current portion	$	2,013							$	2,122
Long-term portion	6,258								6,561
Total	$	8,271							$	8,683

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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-Name Accounting Standards Codification
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 205
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-Section 50
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Stock Incentive Plans (Tables)

12 Months Ended

Feb. 02, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Weighted-average assumptions used to estimate fair value of options using Black-Scholes option pricing model

The fair value of the options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions (no dividends were expected):



	Fiscal Year Ended February 2, 2019	Fiscal Year Ended February 3, 2018	Fiscal Year Ended January 28, 2017
Risk-free interest rate range	2.56% - 2.73%	1.40% - 1.40%	1.35% - 1.98%
Expected volatility factor	26.9%	35.0%	35.0%
Weighted-average expected option life (yrs.)	5.9	5.7	6.0
Weighted-average grant-date fair value	$5.16	$2.51	$4.40

Stock option activity

Presented below is a summary of stock option activity and weighted-average exercise prices for fiscal year ended February 2, 2019:



(options in thousands)	Number of securities to be issued upon exercise of outstanding options		Weighted- average exercise price		Weighted-average remaining contractual life (in years)
Outstanding, beginning of period	8,981		$	4.00
Granted	2,791		16.39
Forfeited	(409	)	6.88
Exercised	(5,111	)	3.09
Outstanding, end of period	6,252		10.09		7.7
Vested and expected to vest, end of period	6,252		10.09		7.7
Exercisable, end of period	3,480		$	5.31	6.4

Restricted shares and restricted stock units activity

Presented below is a summary of our non-vested restricted shares and restricted stock units and weighted-average grant-date fair values for the periods ended February 2, 2019:



	Restricted Stock				Restricted Stock Units
(shares in thousands)	Shares		Weighted-Average Grant-Date Fair Value		Shares	Weighted-Average Grant-Date Fair Value
Unvested at beginning of year	—		$	—	—	$	—
Granted	2,960		22.04		16	27.59
Forfeited	(33	)	22.00		—	—
Vested	(1,954	)	22.00		—	—
Outstanding, February 2, 2019	973		$	22.14	16	$	27.59

Income Taxes (Tables)

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Abstract]

Provision (benefit) for income taxes from continuing operations

The provision (benefit) for income taxes from continuing operations includes the following (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018			Fiscal Year Ended January 28, 2017
Federal:
Current	$	14,641		$	1,976		$	42,268
Deferred	(9,563		)	(33,219		)	(19,457		)
State:
Current	11,877			5,220			9,230
Deferred	(5,129		)	(2,404		)	(4,073		)
Total income tax provision (benefit)	$	11,826		$	(28,427	)	$	27,968

Reconciliation of statutory federal income tax rate

A reconciliation of the statutory federal income tax rate with the Company’s effective income tax rate is as follows:



	Fiscal Year Ended February 2, 2019		Fiscal Year Ended February 3, 2018		Fiscal Year Ended January 28, 2017
Statutory federal income tax rates	21.0	%	33.7	%	35.0	%
State income taxes, net of federal tax benefit	3.8		7.5		4.5
Effect of federal rate change	(1.8	)	(136.2	)	—
Work opportunity and solar tax credit	(1.3	)	(17.9	)	(1.6	)
Charitable contributions	(0.5	)	(1.0	)	(0.3	)
Prior year adjustments	0.1		(3.2	)	—
Stock options	(10.8	)	(4.8	)	—
Other	(2.0	)	1.2		0.9
Effective income tax rate	8.5	%	(120.7	)%	38.5	%

Significant components of deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities as of February 2, 2019 and February 3, 2018 were as follows (in thousands):



	February 2, 2019		February 3, 2018
Deferred tax assets:
Self-insurance reserves	$	29,288	$	27,595
Rental step liabilities	23,194		21,336
Compensation and benefits	13,823		15,975
Interest	12,354		—
Capital lease and financing obligations	5,826		7,542
Interest rate swap	5,454		—
Deferred gain amortization	4,956		5,279
Intangible liabilities	3,834		4,408
Environment clean up reserve	3,664		3,312
Startup costs	3,276		3,675
Lease incentive gain	2,963		3,029
Closed store obligations	896		2,421
Other	16,926		13,677
Total deferred tax assets	$	126,454	$	108,249



Deferred tax liabilities:
Fixed assets	$	87,413		$	79,388
Intangible assets	56,444			62,716
Debt costs	5,152			7,728
Capital lease and financings obligations	5,079			7,014
Other	9,303			8,477
Total deferred tax liabilities	163,391			165,323
Net deferred tax liabilities	$	(36,937	)	$	(57,074	)

Reconciliation of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):



	Fiscal year Ended February 2, 2019			Fiscal year Ended February 3, 2018
Balance at the beginning of the period	$	4,357		$	4,199
Additions (reductions) for tax positions taken during prior years	(142		)	607
Additions for tax positions taken during the current year	960			43
Settlements	(125		)	(260		)
Lapses in statute of limitations	(2,526		)	(232		)
Balance at the end of the period	$	2,524		$	4,357

Postretirement Medical Benefits (Tables)

12 Months Ended

Feb. 02, 2019

Retirement Benefits [Abstract]

Change in obligation and funded status

The change in obligation and funded status of the plan at February 2, 2019 and February 3, 2018 was as follows (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018
Change in Obligation
Projected benefit obligation at beginning of period	$	5,360		$	5,927
Company service cost	143			182
Interest cost	150			147
Plan participants’ contributions	270			316
Net actuarial loss	(1,336		)	(392		)
Benefit payments made directly by the Company	(413		)	(820		)
Projected benefit obligation at end of period	$	4,174		$	5,360
Change in Plan Assets
Fair value of plan assets at beginning of period	$	—		$	—
Company contributions	143			504
Plan participants’ contributions	270			316
Benefit payments made directly by the Company	(413		)	(820		)
Fair value of plan assets at end of period	—			—
Funded status at end of year	$	(4,174	)	$	(5,360	)

Net periodic postretirement benefit cost

Net periodic postretirement benefit cost for the last three fiscal years consists of the following (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018			Fiscal Year Ended January 28, 2017
Company service cost	$	143		$	182		$	204
Interest cost	150			147			142
Net prior service credit amortization	(693		)	(693		)	(693		)
Amortization of unrecognized gain	(316		)	(250		)	(510		)
Net periodic postretirement benefit cost	$	(716	)	$	(614	)	$	(857	)
Discount rate used to determine cost	3.00		%	2.63		%	2.45		%
Health care cost trend rates	6.50		%	7.00		%	7.00		%

Change in accumulated other comprehensive income

The change in accumulated other comprehensive income (“AOCI”), gross of tax, consists of the following (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018
AOCI at the beginning of period	$	(3,331	)	$	(3,882	)
Net prior service credit amortization	693			693
Amortization of net actuarial gain	316			250
Net actuarial loss for the period	(1,336		)	(392)
AOCI at the end of the period	$	(3,658	)	$	(3,331	)

Weighted-average assumptions used to determine postretirement benefit obligations

The following weighted-average assumptions were used to determine the postretirement benefit obligations:



	February 2, 2019		February 3, 2018
Discount rate	3.04	%	3.00	%
Health care cost trend rate assumed for next year	6.50	%	6.50	%
Ultimate trend rate	5.00	%	5.00	%
Year that the rate reaches the ultimate trend rate	2024		2024

Effects of one-percentage point change in assumed health care cost trend rates

A one-percentage point change in assumed health care cost trend rates would have the following effects as of February 2, 2019 (in thousands):



Effect of 1% Increase in Medical Trend Rates
Postretirement benefit obligation increases by	$	124
Total of service and interest cost increases by	16
Effect of 1% Decrease in Medical Trend Rates
Postretirement benefit obligation decreases by	$	120
Total of service and interest cost decreases by	15

Estimated future benefit payments for postretirement plan

The estimated future benefit payments for the postretirement health care plan at February 2, 2019 are (in thousands):



Fiscal Year	Future minimum payments
2019	$	774
2020	707
2021	692
2022	706
2023	640
2024 to 2028	1,357
Total	4,876

Asset Retirement Obligations (Tables)

12 Months Ended

Feb. 02, 2019

Asset Retirement Obligation Disclosure [Abstract]

Activity relating to liability for asset retirement obligations

The following is a summary of activity relating to the liability for asset retirement obligations, which the Company will incur primarily in connection with the future removal of gasoline tanks and the related infrastructure. The following is included in other noncurrent liabilities on the consolidated balance sheets (in thousands):



	Fiscal Year Ended February 2, 2019		Fiscal Year Ended February 3, 2018		Fiscal Year Ended January 28, 2017
Balance, beginning of period	$	12,998	$	11,846	$	10,714
Accretion expense	1,031		959		895
Liabilities incurred during the year	1,219		193		237
Balance, end of period	$	15,248	$	12,998	$	11,846

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Feb. 02, 2019

Payables and Accruals [Abstract]

Major components of accrued expenses and other current liabilities

The major components of accrued expenses and other current liabilities are as follows (in thousands):



	February 2, 2019		February 3, 2018
Deferred membership fee income	$	134,415	$	126,216
Employee compensation	77,663		83,921
Outstanding checks and payables	58,840		34,002
Insurance reserves	47,813		40,620
BJ’s Perks rewards	34,083		22,736
Sales, property, use and other taxes	29,050		33,031
Deferred revenues	26,800		16,977
Fixed asset accruals	13,849		19,405
Professional services	20,197		7,998
Utilities, advertising and accrued interest	16,177		41,709
MFI Sales and legal reserves	12,744		6,652
Repairs and maintenance	11,808		17,734
Other	21,395		44,766
Total	$	504,834	$	495,767

Deferred membership fee income activity

The following table summarizes membership fee income activity for each of the last two fiscal years (in thousands):



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018
Deferred MFI, beginning of period	$	126,216		$	116,483
Cash received from members	291,092			268,327
Revenue recognized in earnings	(282,893		)	(258,594		)
Deferred MFI, end of period	$	134,415		$	126,216

Other Noncurrent Liabilities (Tables)

12 Months Ended

Feb. 02, 2019

Other Liabilities Disclosure [Abstract]

Major components of other noncurrent liabilities

The major components of other noncurrent liabilities are as follows (in thousands):



	February 2, 2019		February 3, 2018
Rent escalation liability	$	82,907	$	76,867
Workers’ compensation and general liability	70,585		72,317
Capital leases and financing obligations	28,824		35,147
Interest rate swap liability	19,410		—
Postretirement medical benefit and other	16,938		21,634
Deferred gain on sale leasebacks	16,348		17,639
Asset retirement obligations	15,248		12,998
Lease incentives	13,920		14,985
Above market leases	13,643		15,806
Total noncurrent liabilities	$	277,823	$	267,393

Fair Value Measurements (Tables)

12 Months Ended

Feb. 02, 2019

Fair Value Disclosures [Abstract]

Gross carrying amount and fair value of debt

The gross carrying amount and fair value of the Company’s debt at February 2, 2019 are as follows (in thousands):



	Carrying Amount		Fair Value
First Lien Term Loan	$	1,530,045	$	1,516,872
ABL Facility	289,000		289,000
Total Debt	$	1,819,045	$	1,805,872

The gross carrying amount and fair value of the Company’s debt at February 3, 2018 are as follows (in thousands):



	Carrying Amount		Fair Value
First Lien Term Loan	$	1,910,563	$	1,908,174
Second Lien Term Loan	625,000		625,000
ABL Facility	217,000		217,000
Total Debt	$	2,752,563	$	2,750,174

Earnings Per Share (Tables)

12 Months Ended

Feb. 02, 2019

Earnings Per Share [Abstract]

Reconciliation of weighted-average common shares outstanding

The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average common shares outstanding for fiscal years 2018, 2017 and 2016:



	Fiscal Year Ended February 2, 2019	Fiscal Year Ended February 3, 2018	Fiscal Year Ended January 28, 2017
Weighted-average common shares outstanding, used for basic computation	116,599,102	88,385,864	88,163,992
Plus: Incremental shares of potentially dilutive securities
Stock incentive awards	4,535,748	3,877,713	2,572,087
Weighted-average number of common and dilutive potential common shares outstanding	121,134,850	92,263,577	90,736,079

Condensed Financial Information of Registrant (Parent Company Only) (Tables)

12 Months Ended

Feb. 02, 2019

Condensed Financial Information Disclosure [Abstract]

Parent Company Only Condensed Balance Sheets

BJ’S WHOLESALE CLUB HOLDINGS, INC.

(PARENT COMPANY ONLY)

CONDENSED BALANCE SHEETS

(Amounts in thousands)



	Fiscal Year Ended February 2, 2019			Fiscal Year Ended February 3, 2018
ASSETS
Investment in subsidiaries	$	(202,084	)	$	(1,019,419	)

Contingently redeemable common stock, par value $0.01; 0 shares issued and outstanding at February 2, 2019 and 1,456 shares issued and outstanding at February 3, 2018:	—			10,438

STOCKHOLDERS’ DEFICIT
Common stock, par value $0.01; 305,000 shares authorized; 138,099 shares issued and 137,317 shares outstanding at February 2, 2019; 87,073 shares issued and outstanding at February 3, 2018	1,381			871
Additional paid-in capital	730,757			4,537
Accumulated deficit	(915,113		)	(1,035,265		)
Treasury stock, at cost, 782 shares and no shares outstanding at February 2, 2019 and February 3, 2018, respectively.	(19,109		)	—
Total contingently redeemable common stock and stockholders’ deficit	$	(202,084	)	$	(1,019,419	)

Parent Company Only Consolidated Statements of Operations and Comprehensive Income

BJ’S WHOLESALE CLUB HOLDINGS, INC.

(PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Amounts in thousands, except per share amounts)



	Fiscal Year Ended February 2, 2019		Fiscal Year Ended February 3, 2018		Fiscal Year Ended January 28, 2017
Equity in net income of subsidiaries	$	127,261	$	50,301	$	44,224
Net income	127,261		50,301		44,224
Net income per share attributable to common stockholders’:
Basic	$	1.09	$	0.57	$	0.50
Diluted	1.05		0.54		0.48
Weighted average number of common shares outstanding:
Basic	116,599		88,386		88,164
Diluted	121,135		92,264		90,736

Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Feb. 02, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected quarterly financial data

Presented below is the selected quarterly financial data for fiscal year 2018 and fiscal year 2017, which was prepared on the same basis as the audited consolidated financial statements and includes all adjustments necessary to present fairly, in all material respects, the information set forth therein on a consistent basis. The fourth quarter of fiscal year 2017 consisted of 14 weeks, whereas the fourth quarter of fiscal year 2018 consisted of 13 weeks. Quarters in which there are 14 weeks will see increased net sales and expenses from the additional week. Also, in the second quarter of fiscal year 2018, the Company paid the entire outstanding amount on its Second Lien Term Loan of $623.2 million. In the first quarter of fiscal year 2017, the Company distributed a $735.5 million dividend to its common stockholders.



(in thousands, except per share amounts)	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
Fiscal Year Ended February 2, 2019 (52 weeks)
Net sales	$	2,993,742		$	3,236,664		$	3,150,234	$	3,343,814
Total revenue	3,061,697			3,307,105			3,221,663		3,416,882
Gross profit	551,359			588,503			592,088		628,945
Net income (loss)	14,137			(5,614		)	54,431		64,307
Basic earnings (loss) per share	0.16			(0.05		)	0.40		0.47
Diluted earnings (loss) per share	0.15			(0.05		)	0.39		0.46
Fiscal Year Ended February 3, 2018 (53 weeks)
Net sales	2,883,298			3,103,335			3,019,389		3,489,973
Total revenue	2,946,828			3,167,527			3,084,245		3,555,989
Gross profit	505,523			553,340			560,948		621,286
Net income (loss)	(58,894		)	19,712			22,775		66,708
Basic earnings (loss) per share	(0.67		)	0.22			0.26		0.75
Diluted earnings (loss) per share	(0.67		)	0.22			0.25		0.71

Description of Business - Additional Information (Detail)	Feb. 02, 2019 state store
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of warehouses operated \| store	216
Number of states operated in \| state	16

Summary of Significant Accounting Policies - Net Sales by Category (Detail)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Edible Grocery
Disaggregation of Revenue [Line Items]
Revenue recognized	24.00%	24.00%	25.00%
Perishables
Disaggregation of Revenue [Line Items]
Revenue recognized	28.00%	29.00%	29.00%
Non-Edible Grocery
Disaggregation of Revenue [Line Items]
Revenue recognized	21.00%	21.00%	22.00%
General Merchandise
Disaggregation of Revenue [Line Items]
Revenue recognized	14.00%	14.00%	14.00%
Gasoline & Other Ancillary Services
Disaggregation of Revenue [Line Items]
Revenue recognized	13.00%	12.00%	10.00%

Summary of Significant Accounting Policies - Impact of Adoption of ASU 2014-09 (Detail) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 04, 2018	Feb. 03, 2018
Item Effected [Line Items]
Prepaid expenses and other current assets	$ 63,454	$ 89,792	$ 81,972
Accrued expenses and other current liabilities	504,834	512,412	495,767
Deferred income taxes	36,937	54,611	57,074
Accumulated deficit	(915,113)	(1,042,374)	(1,036,012)
Calculated under Revenue Guidance in Effect before Topic 606
Item Effected [Line Items]
Prepaid expenses and other current assets	57,785		81,972
Accrued expenses and other current liabilities	489,492		495,767
Deferred income taxes	39,636		57,074
Accumulated deficit	(908,139)		$ (1,036,012)
Difference between Revenue Guidance in Effect before and after Topic 606 \| ASU 2014-09
Item Effected [Line Items]
Prepaid expenses and other current assets	5,669	7,820
Accrued expenses and other current liabilities	15,342	16,645
Deferred income taxes	(2,699)	(2,463)
Accumulated deficit	$ (6,974)	$ (6,362)

Summary of Significant Accounting Policies - Additional Information (Detail)				3 Months Ended								12 Months Ended
	Oct. 01, 2018 USD ($) $ / shares shares	Jul. 02, 2018 USD ($) $ / shares shares	Jun. 15, 2018	Feb. 02, 2019 USD ($)	Nov. 03, 2018 USD ($)	Aug. 04, 2018 USD ($)	May 05, 2018 USD ($)	Feb. 03, 2018 USD ($)	Oct. 28, 2017 USD ($)	Jul. 29, 2017 USD ($)	Apr. 29, 2017 USD ($)	Feb. 02, 2019 USD ($) reporting_unit shares	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)	Feb. 03, 2019 USD ($)	Feb. 04, 2018 USD ($)
Accounting Policies [Abstract]
Deferred revenue, remaining performance obligations				$ 13,400,000								$ 13,400,000
Significant Accounting Policies [Line Items]
Aggregate net offering proceeds												690,970,000	$ 0	$ 0
Stock issuance costs												5,081,000	0	0
Repayment of debt												975,633,000	0	0
Stock split, conversion ratio			7
Allowances for doubtful accounts				900,000				$ 1,200,000				900,000	1,200,000
Depreciation expense												140,400,000	138,000,000	149,500,000
Amortization of deferred debt issuance costs												$ 3,322,000	4,060,000	7,693,000
Number of reporting units for goodwill impairment testing \| reporting_unit												1
Impairment of goodwill												$ 0	0	0
Impairment of long-lived assets												$ 4,000,000	0	0
Percentage of cash back earned												2.00%
Maximum annual cash back amount												$ 500
Cash back in form of electronic awards issued												$ 20
Cash back in form of electronic awards issued, expiration term												6 months
Other current liabilities				25,800,000				22,700,000				$ 25,800,000	22,700,000
Accumulated deficit				915,113,000				1,036,012,000				915,113,000	1,036,012,000			$ 1,042,374,000
Sales returns reserve												6,800,000	1,500,000	$ 2,000,000
Gross amount of assets recorded under capital lease and financing obligations				41,600,000				49,400,000				41,600,000	49,400,000
Accumulated depreciation for capital lease				12,600,000				12,200,000				$ 12,600,000	$ 12,200,000
Advertising expenses as a percent of net sales												0.70%	0.60%	0.50%
Cost of sales												$ 10,646,452,000	$ 10,513,492,000	$ 10,223,017,000
Net sales				3,416,882,000	$ 3,221,663,000	$ 3,307,105,000	$ 3,061,697,000	3,555,989,000	$ 3,084,245,000	$ 3,167,527,000	$ 2,946,828,000	$ 13,007,347,000	12,754,589,000	12,350,537,000
Membership
Significant Accounting Policies [Line Items]
Membership term												12 months
Deferred revenue				134,400,000				125,600,000				$ 134,400,000	125,600,000
Revenue recognized												282,893,000	258,594,000
Net sales												282,893,000	258,594,000	255,235,000
Gift Card Programs
Significant Accounting Policies [Line Items]
Deferred revenue				9,100,000								9,100,000				8,800,000
Revenue recognized												50,000,000
Product
Significant Accounting Policies [Line Items]
Net sales				3,343,814,000	$ 3,150,234,000	$ 3,236,664,000	$ 2,993,742,000	$ 3,489,973,000	$ 3,019,389,000	$ 3,103,335,000	$ 2,883,298,000	12,724,454,000	12,495,995,000	12,095,302,000
BJ’s trade name
Significant Accounting Policies [Line Items]
Impairment of indefinite-lived intangible assets												$ 0	$ 0	$ 0
Minimum \| ASU 2016-02 \| Scenario, Forecast
Significant Accounting Policies [Line Items]
Operating lease liabilities															$ 1,900,000,000
Minimum \| My BJ's Perks Mastercard
Significant Accounting Policies [Line Items]
Percentage of cash back earned												3.00%
Minimum \| Card outside of BJ's
Significant Accounting Policies [Line Items]
Percentage of cash back earned												1.00%
Maximum \| ASU 2016-02 \| Scenario, Forecast
Significant Accounting Policies [Line Items]
Operating lease liabilities															$ 2,100,000,000
Maximum \| My BJ's Perks Mastercard
Significant Accounting Policies [Line Items]
Percentage of cash back earned												5.00%
Maximum \| Card outside of BJ's
Significant Accounting Policies [Line Items]
Percentage of cash back earned												2.00%
Buildings and improvements
Significant Accounting Policies [Line Items]
Estimated useful life												33 years
Furniture, fixtures and equipment \| Minimum
Significant Accounting Policies [Line Items]
Estimated useful life												3 years
Furniture, fixtures and equipment \| Maximum
Significant Accounting Policies [Line Items]
Estimated useful life												10 years
Software \| Minimum
Significant Accounting Policies [Line Items]
Estimated useful life												3 years
Software \| Maximum
Significant Accounting Policies [Line Items]
Estimated useful life												7 years
Net sales \| Geographic concentration risk \| New York metropolitan area
Significant Accounting Policies [Line Items]
Concentration risk percentage												25.00%	25.00%	25.00%
Net sales \| Revenue from rights concentration risk
Significant Accounting Policies [Line Items]
Concentration risk percentage												97.00%
Revenues \| Revenue from rights concentration risk
Significant Accounting Policies [Line Items]
Concentration risk percentage												95.00%
Second Lien Term Loan
Significant Accounting Policies [Line Items]
Repayment of debt		$ 623,300,000
Common Stock
Significant Accounting Policies [Line Items]
Common stock issued (in shares) \| shares												43,125,000
Accumulated Other Comprehensive Income
Significant Accounting Policies [Line Items]
Reclassification of stranded tax effects from Tax Cuts and Jobs Act													$ (432,000)
Accumulated Deficit
Significant Accounting Policies [Line Items]
Reclassification of stranded tax effects from Tax Cuts and Jobs Act													$ 432,000
IPO
Significant Accounting Policies [Line Items]
Reduction to additional paid-in capital for deferred offering costs		$ 47,200,000
IPO \| Common Stock
Significant Accounting Policies [Line Items]
Common stock issued (in shares) \| shares	32,200,000	43,125,000
Common stock, offering price (in usd per share) \| $ / shares	$ 26.00	$ 17.00
Aggregate net offering proceeds		$ 685,900,000
Stock issuance costs	$ 2,400,000	$ 47,200,000
Underwriters' option \| Common Stock
Significant Accounting Policies [Line Items]
Common stock issued (in shares) \| shares	4,200,000	5,625,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-02-03
Accounting Policies [Abstract]
Deferred revenue, remaining performance obligations				$ 11,500,000								$ 11,500,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, remaining performance obligations, period of recognition				1 year								1 year
Difference between Revenue Guidance in Effect before and after Topic 606 \| ASU 2014-09
Significant Accounting Policies [Line Items]
Accumulated deficit				$ 6,974,000								$ 6,974,000				6,362,000
Cost of sales												(5,700,000)
Difference between Revenue Guidance in Effect before and after Topic 606 \| Gift Card Programs \| ASU 2014-09
Significant Accounting Policies [Line Items]
Accumulated deficit																$ 1,800,000
Difference between Revenue Guidance in Effect before and after Topic 606 \| Product \| ASU 2014-09
Significant Accounting Policies [Line Items]
Net sales												$ (6,800,000)

Related Party Transactions (Detail) - USD ($)	12 Months Ended
Related Party Transactions (Detail) - USD ($)	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Management services
Related Party Transaction [Line Items]
Management services agreement, amount per year	$ 8,000,000
Management fees and expenses	3,300,000	$ 8,000,000	$ 8,100,000
Advantage Solutions Inc.
Related Party Transaction [Line Items]
Demonstration and sampling service fees	$ 43,900,000	$ 44,800,000	$ 41,000,000

Dividend Recapitalization (Detail) - USD ($)				3 Months Ended	12 Months Ended
Dividend Recapitalization (Detail) - USD ($)	Aug. 13, 2018	Jul. 02, 2018	Feb. 03, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Dividends Payable [Line Items]
Dividend paid to common stockholders			$ 735,500,000	$ 735,500,000
Bonus paid						$ 5,400,000
Accrued bonus							$ 4,600,000
Compensation expense					$ 57,700,000	9,100,000	11,800,000
Payment of accrued outstanding interest			11,000,000		152,882,000	152,178,000	$ 126,919,000
Capitalized debt issuance costs			24,600,000
Loss on the debt refinancing						21,100,000
Write-off of debt issuance costs						9,800,000
Deferred Bonus
Dividends Payable [Line Items]
Compensation expense						800,000
2011 Plan and the 2012 Director Stock Option Plan
Dividends Payable [Line Items]
Payments to stock option holders			67,500,000
First Lien Term Loan
Dividends Payable [Line Items]
Term loan, refinanced and upsized	$ 1,537,700,000		1,925,000,000.0
Term loan, original issue discount			4,800,000
Write-off of debt issuance costs	$ 4,400,000
Second Lien Term Loan
Dividends Payable [Line Items]
Term loan, refinanced and upsized			625,000,000.0
Term loan, original issue discount			6,200,000
Loss on the debt refinancing		$ 19,200,000
Write-off of debt issuance costs		$ 13,000,000
ABL Facility
Dividends Payable [Line Items]
Credit facility outstanding			340,000,000		$ 289,000,000	$ 217,000,000
Write-off of debt issuance costs			$ 2,200,000

Debt and Credit Arrangements - Schedule of Debt (Detail) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018	Feb. 03, 2017
Debt Instrument [Line Items]
Unamortized debt discount and debt issuance costs	$ (18,197)	$ (40,153)
Less: current portion	(254,377)	(219,750)
Long-term debt	1,546,471	2,492,660
ABL Facility
Debt Instrument [Line Items]
Credit facility outstanding	289,000	217,000	$ 340,000
First Lien Term Loan
Debt Instrument [Line Items]
Term loans outstanding	1,530,045	1,910,563
Second Lien Term Loan
Debt Instrument [Line Items]
Term loans outstanding	$ 0	$ 625,000

- Definition

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

+ References + Details

Debt and Credit Arrangements - Future Minimum Principal Payments (Detail) $ in Thousands	Feb. 02, 2019 USD ($)
Debt Disclosure [Abstract]
2019	$ 254,377
2020	15,377
2021	15,377
2022	15,377
2023	1,518,537
Thereafter	0
Total	$ 1,819,045

Debt and Credit Arrangements - Additional Information (Detail)					3 Months Ended	12 Months Ended
	Aug. 17, 2018 USD ($)	Aug. 13, 2018 USD ($)	Jul. 02, 2018 USD ($)	Feb. 03, 2017 USD ($)	Aug. 04, 2018 USD ($)	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Debt Instrument [Line Items]
Write-off of debt issuance costs							$ 9,800,000
Proceeds from ABL facility						$ 1,587,000,000	1,645,000,000	$ 1,166,000,000
Debt extinguishment charges							21,100,000
ABL Facility
Debt Instrument [Line Items]
Write-off of debt issuance costs				$ 2,200,000
Debt issuance third party costs				200,000
Debt issuance costs	$ 900,000			7,900,000
Refinancing fees	$ 1,000,000
Decrease in basis spread on variable rate upon achievement of certain leverage ratio						0.125%
Net leverage ratio required for basis spread decrease						3.00
Credit facility outstanding				340,000,000		$ 289,000,000	217,000,000
Outstanding letters of credit						41,200,000	$ 44,200,000
Proceeds from ABL facility		$ 350,000,000
ABL Facility \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 950,000,000.0
Interest rate on revolving credit facility						3.76%	3.08%
Borrowing availability						$ 545,600,000	$ 574,800,000
ABL Facility \| Revolving credit facility \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate						1.25%
ABL Facility \| Revolving credit facility \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate						1.75%
ABL Facility \| Revolving credit facility \| Base rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate						0.25%
ABL Facility \| Revolving credit facility \| Base rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate						0.75%
ABL Facility \| Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 50,000,000.0
ABL Facility \| Term Loan \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate						2.00%
ABL Facility \| Term Loan \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate						2.50%
ABL Facility \| Term Loan \| Base rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate						1.00%
ABL Facility \| Term Loan \| Base rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate						1.50%
First Lien Term Loan
Debt Instrument [Line Items]
Write-off of debt issuance costs		4,400,000
Debt issuance third party costs		1,800,000
Refinancing fees		$ 1,800,000
Net leverage ratio required for basis spread decrease		3.00
Debt, face amount		$ 1,537,700,000		1,925,000,000.0
Term loan, original issue discount				$ 4,800,000
Debt instrument interest rate						5.51%	4.95%
Percentage of original principal amount required to pay in quarterly installments						0.25%
Term loans outstanding						$ 1,530,045,000	$ 1,910,563,000
First Lien Term Loan \| Revolving credit facility \| LIBOR
Debt Instrument [Line Items]
Interest rate floor				0.00%
First Lien Term Loan \| Revolving credit facility \| LIBOR \| Variable rate component two
Debt Instrument [Line Items]
Basis spread on variable rate				1.00%
First Lien Term Loan \| Revolving credit facility \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		2.75%		3.50%
First Lien Term Loan \| Revolving credit facility \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		3.00%		3.75%
First Lien Term Loan \| Revolving credit facility \| Federal funds effective rate \| Variable rate component one
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%
First Lien Term Loan \| Revolving credit facility \| Base rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Additional basis spread on variable rate				2.50%
First Lien Term Loan \| Revolving credit facility \| Base rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%
Additional basis spread on variable rate				2.75%
Second Lien Term Loan
Debt Instrument [Line Items]
Write-off of debt issuance costs			$ 13,000,000
Debt, face amount				$ 625,000,000.0
Term loan, original issue discount				$ 6,200,000
Debt instrument interest rate							8.95%
Term loans outstanding						$ 0	$ 625,000,000
Debt extinguishment amount			623,200,000		$ 623,200,000
Prepayment premium on debt extinguishment			6,200,000
Debt extinguishment charges			$ 19,200,000
Second Lien Term Loan \| Revolving credit facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate				7.50%
Interest rate floor				0.00%
Second Lien Term Loan \| Revolving credit facility \| LIBOR \| Variable rate component two
Debt Instrument [Line Items]
Basis spread on variable rate				1.00%
Second Lien Term Loan \| Revolving credit facility \| Federal funds effective rate \| Variable rate component one
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%
Second Lien Term Loan \| Revolving credit facility \| Base rate
Debt Instrument [Line Items]
Additional basis spread on variable rate				6.50%

Interest Expense, net - Components of Interest Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Other Income and Expenses [Abstract]
Interest on debt	$ 128,643	$ 163,210	$ 122,193
Interest on capital lease and financing obligations	4,119	4,205	4,244
Debt issuance costs amortization	3,322	4,060	7,693
Original issue discount amortization	3,233	4,403	9,398
Charges related to debt refinancing	25,405	21,061	0
Capitalized interest	(187)	(215)	(68)
Unrealized loss on interest rate caps	0	0	73
Other interest income	0	0	(182)
Interest expense, net	$ 164,535	$ 196,724	$ 143,351

Intangible Assets and Liabilities - Goodwill and Intangible Assets and Liabilities (Detail) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Goodwill Intangible Assets And Deferred Charge Disclosure [Abstract]
Goodwill	$ 924,134	$ 924,134
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, accumulated amortization	(263,312)	(239,306)
Total intangible assets, gross carrying amount	464,182	464,182
Total intangible assets, net amount	200,870	224,876
Intangible liabilities subject to amortization, above market leases, gross carrying amount	(30,515)	(30,515)
Intangible liabilities subject to amortization, above market leases, accumulated amortization	16,872	14,709
Intangible liabilities subject to amortization, above market leases, net amount	(13,643)	(15,806)
BJ’s trade name
Indefinite-lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	90,500	90,500
Member relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross carrying amount	245,000	245,000
Intangible assets subject to amortization, accumulated amortization	(178,330)	(163,668)
Intangible assets subject to amortization, net amount	66,670	81,332
Private label brands
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross carrying amount	8,500	8,500
Intangible assets subject to amortization, accumulated amortization	(5,194)	(4,486)
Intangible assets subject to amortization, net amount	3,306	4,014
Below market leases
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross carrying amount	120,182	120,182
Intangible assets subject to amortization, accumulated amortization	(79,788)	(71,152)
Intangible assets subject to amortization, net amount	$ 40,394	$ 49,030

Intangible Assets and Liabilities - Amortization Expense Related to Intangible Assets and Liabilities (Detail) $ in Thousands	Feb. 02, 2019 USD ($)
Above Market Leases, Amortization Income, Maturity Schedule [Abstract]
2019	$ (2,077)
2020	(1,846)
2021	(1,581)
2022	(1,526)
2023	(1,374)
Finite-Lived Intangible Assets (Liabilities), Amortization Expense (Income), Maturity Schedule [Abstract]
2019	19,047
2020	17,133
2021	15,055
2022	12,211
2023	10,235
Below market leases
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
2019	7,633
2020	7,117
2021	6,153
2022	4,507
2023	3,743
Other Intangibles
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
2019	13,491
2020	11,862
2021	10,483
2022	9,230
2023	$ 7,866

Intangible Assets and Liabilities - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 21.8	$ 26.0	$ 28.8
Member relationships
Finite-Lived Intangible Assets [Line Items]
Useful life	15 years 3 months 18 days
Private label brands
Finite-Lived Intangible Assets [Line Items]
Useful life	12 years

Commitments and Contingencies - Future Minimum Lease Payments of Operating Leases (Detail) $ in Thousands	Feb. 02, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 309,785
2020	310,956
2021	299,410
2022	282,841
2023	264,363
Thereafter	1,778,207
Total	$ 3,245,562

Commitments and Contingencies - Minimum Lease Payments of Capital Leases (Detail) $ in Thousands	Feb. 02, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2018	$ 4,510
2019	4,807
2020	4,833
2021	4,894
2022	4,956
Thereafter	34,377
Total Minimum payments	58,377
Less: amount representing interest	(37,855)
Total	$ 20,522

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Commitment And Contingencies [Line Items]
Average lease period	21 years
Real estate leases
Commitment And Contingencies [Line Items]
Average lease period	20 years
Rental expense	$ 308.2	$ 301.9	$ 298.1
Ground leases
Commitment And Contingencies [Line Items]
Average lease period	21 years
Equipment and equipment space
Commitment And Contingencies [Line Items]
Rental expense	$ 0.8	$ 0.7	$ 0.7
Minimum
Commitment And Contingencies [Line Items]
Renewal lease term period	5 years
Minimum \| Real estate leases
Commitment And Contingencies [Line Items]
Lease term period	5 years
Minimum \| Ground leases
Commitment And Contingencies [Line Items]
Lease term period	14 years
Maximum
Commitment And Contingencies [Line Items]
Renewal lease term period	65 years
Maximum \| Real estate leases
Commitment And Contingencies [Line Items]
Lease term period	25 years
Maximum \| Ground leases
Commitment And Contingencies [Line Items]
Lease term period	44 years

Discontinued Operations - Activity Associated With Discontinued Operations (Detail) - BJ’s clubs - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Disposal Group, Including Discontinued Operation, Liabilities [Roll Forward]
Liabilities	$ 8,683	$ 8,271
Charges	(235)	2,766
Payments/ Increase	(5,259)	(2,354)
Liabilities	3,189	8,683
Cumulative charges to date, net	59,364	59,599
Current portion	739	2,122	$ 2,013
Long-term portion	$ 2,450	$ 6,561	$ 6,258

Discontinued Operations - Additional Information (Detail) $ in Millions		1 Months Ended		12 Months Ended
	Dec. 12, 2018 USD ($)	Jan. 31, 2018 USD ($)	Jan. 31, 2011 store	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of BJ's clubs closed \| store			2
Lease termination cost (reversal of cost)	$ 3.1			$ (1.0)
Income tax expense benefit, discontinued operation				$ 0.1	$ 1.1	$ 0.3
Remaining lease obligation payment period				4 years
New sublease agreement
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Additional charges to reserve		$ 0.7
Existing sublease agreement
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Additional charges to reserve		$ 1.4

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

+ References + Details

Contingently Redeemable Common Stock - Additional Information (Detail) - USD ($)	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Temporary Equity Disclosure [Abstract]
Contingently redeemable common stock	$ 0	$ 10,438,000	$ 8,145,000	$ 7,951,000

Stock Incentive Plans - Weighted-Average Assumptions Used To Estimate Fair Value of Options (Detail) - $ / shares	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate - minimum	2.56%	1.40%	1.35%
Risk-free interest rate - maximum	2.73%	1.40%	1.98%
Expected volatility factor	26.90%	35.00%	35.00%
Weighted-average grant-date fair value (in usd per share)	$ 5.16	$ 2.51	$ 4.40
Weighted-average
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average expected option life	5 years 10 months 24 days	5 years 8 months 12 days	6 years

Stock Incentive Plans - Stock Option Activity (Detail) - Stocks options shares in Thousands	12 Months Ended
	Feb. 02, 2019 $ / shares shares
Number of securities to be issued upon exercise of outstanding options
Outstanding (in shares) \| shares	8,981
Granted (in shares) \| shares	2,791
Exercised (in shares) \| shares	(409)
Forfeited (in shares) \| shares	(5,111)
Outstanding (in shares) \| shares	6,252
Vested and expected to vest (in shares) \| shares	6,252
Exercisable (in shares) \| shares	3,480
Weighted-average exercise price
Outstanding (in usd per share) \| $ / shares	$ 4.00
Granted (in usd per share) \| $ / shares	16.39
Exercised (in usd per share) \| $ / shares	6.88
Forfeited (in usd per share) \| $ / shares	3.09
Outstanding (in usd per share) \| $ / shares	10.09
Vested and expected to vest (in usd per share) \| $ / shares	10.09
Exercisable (in usd per share) \| $ / shares	$ 5.31
Outstanding, weighted-average remaining contractual life	7 years 8 months 12 days
Vested and expected to vest, weighted-average remaining contractual life	7 years 8 months 12 days
Exercisable, weighted-average remaining contractual life	6 years 4 months 24 days

Stock Incentive Plans - Restricted Stock and Restricted Stock Units Activity (Details) shares in Thousands	12 Months Ended
	Feb. 02, 2019 $ / shares shares
Restricted Stock
Shares
Outstanding (in shares) \| shares	0
Granted (in shares) \| shares	2,960
Forfeited (in shares) \| shares	(33)
Vested (in shares) \| shares	(1,954)
Outstanding (in shares) \| shares	973
Weighted-Average Grant-Date Fair Value
Outstanding (in usd per share) \| $ / shares	$ 0.00
Granted (in usd per share) \| $ / shares	22.04
Forfeited (in usd per share) \| $ / shares	22.00
Vested (in usd per share) \| $ / shares	22.00
Outstanding (in usd per share) \| $ / shares	$ 22.14
Restricted Stock Units
Shares
Outstanding (in shares) \| shares	0
Granted (in shares) \| shares	16
Forfeited (in shares) \| shares	0
Vested (in shares) \| shares	0
Outstanding (in shares) \| shares	16
Weighted-Average Grant-Date Fair Value
Outstanding (in usd per share) \| $ / shares	$ 0.00
Granted (in usd per share) \| $ / shares	27.59
Forfeited (in usd per share) \| $ / shares	0.00
Vested (in usd per share) \| $ / shares	0.00
Outstanding (in usd per share) \| $ / shares	$ 27.59

Stock Incentive Plans - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Jun. 14, 2018	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 57,700	$ 9,100	$ 11,800
Stock-based compensation expense, post-tax		41,500	5,400	7,100
Unrecognized compensation cost		24,700
Intrinsic value of options exercised		88,200	7,600	1,200
Income tax benefit from stock option exercised		24,800	$ 3,100	$ 500
Intrinsic value of option vested and expected to vest		$ 102,500
Share reacquired to satisfy tax withholding (in shares)		782,000
Treasury stock acquired		$ 19,109
2018 Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance (in shares)		13,148,058
Shares reserved for issuance (in shares)		985,369
Shares available for future issuance (in shares)		8,572,846
2018 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)	973,014
Annual increase in shares reserved for issuance (in shares)	486,507
Annual increase in shares reserved for issuance, calculated as percentage of shares outstanding	0.50%
Stocks options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Contractual life of options		10 years
Unrecognized compensation cost, period for recognition		3 years
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vested (in shares)		1,954,000

Income Taxes - Provision (Benefit) for Income Taxes from Continuing Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Federal:
Current	$ 14,641	$ 1,976	$ 42,268
Deferred	(9,563)	(33,219)	(19,457)
State:
Current	11,877	5,220	9,230
Deferred	(5,129)	(2,404)	(4,073)
Total income tax provision (benefit)	$ 11,826	$ (28,427)	$ 27,968

Income Taxes - Effective Income Tax Rate Reconciliation (Detail)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Income Tax Disclosure [Abstract]
Statutory federal income tax rates	21.00%	33.70%	35.00%
State income taxes, net of federal tax benefit	3.80%	7.50%	4.50%
Effect of federal rate change	(1.80%)	(136.20%)	0.00%
Work opportunity and solar tax credit	(1.30%)	(17.90%)	(1.60%)
Charitable contributions	(0.50%)	(1.00%)	(0.30%)
Prior year adjustments	0.10%	(3.20%)	0.00%
Stock options	(10.80%)	(4.80%)	0.00%
Other	(2.00%)	1.20%	0.90%
Effective income tax rate	8.50%	(120.70%)	38.50%

Income Taxes - Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Deferred tax assets:
Self-insurance reserves	$ 29,288	$ 27,595
Rental step liabilities	23,194	21,336
Compensation and benefits	13,823	15,975
Interest	12,354	0
Capital lease and financing obligations	5,826	7,542
Interest rate swap	5,454	0
Deferred gain amortization	4,956	5,279
Intangible liabilities	3,834	4,408
Environment clean up reserve	3,664	3,312
Startup costs	3,276	3,675
Lease incentive gain	2,963	3,029
Closed store obligations	896	2,421
Other	16,926	13,677
Total deferred tax assets	126,454	108,249
Deferred tax liabilities:
Fixed assets	87,413	79,388
Intangible assets	56,444	62,716
Debt costs	5,152	7,728
Capital lease and financings obligations	5,079	7,014
Other	9,303	8,477
Total deferred tax liabilities	163,391	165,323
Net deferred tax liabilities	$ (36,937)	$ (57,074)

Income Taxes - Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at the beginning of the period	$ 4,357	$ 4,199
Reductions for tax positions taken during prior years	(142)
Additions for tax positions taken during prior years		607
Additions for tax positions taken during the current year	960	43
Settlements	(125)	(260)
Lapses in statute of limitations	(2,526)	(232)
Balance at the end of the period	$ 2,524	$ 4,357

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Income Tax Disclosure [Abstract]
TCJA, provisional net tax benefit		$ 32,100,000
TCJA, additional tax benefit	$ 2,400,000
Valuation allowance	0
Unrecognized tax benefits that would favorable affect the effective tax rate	2,200,000	3,900,000
Amount of reasonably possible decrease in unrecognized tax benefits within the next twelve months	100,000
Interest (income) expense related to income tax uncertainties	(400,000)	700,000	$ 300,000
Accrued interest related to income tax uncertainties	$ 500,000	$ 1,000,000

Retirement Plans (Detail) - USD ($) $ in Millions	12 Months Ended
Retirement Plans (Detail) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
BJ's 401(k) savings plans
Defined Contribution Plan Disclosure [Line Items]
Maximum percentage of compensation employee may contribute	50.00%
Company matching contribution, percent of match	50.00%
Company matching contribution, percent of base salary	6.00%
Plan expenses	$ 9.3	$ 9.6	$ 8.7
BJ's non-contributory defined contribution retirement plan
Defined Contribution Plan Disclosure [Line Items]
Company matching contribution, percent of base salary	5.00%
Plan expenses	$ 2.4	$ 2.4	$ 2.3
Pension contributions vesting period	4 years

Postretirement Medical Benefits - Change in Obligation and Funded Status (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Change in Obligation
Projected benefit obligation at beginning of period	$ 5,360	$ 5,927
Company service cost	143	182	$ 204
Interest cost	150	147	142
Plan participants’ contributions	270	316
Net actuarial loss	(1,336)	(392)
Benefit payments made directly by the Company	(413)	(820)
Projected benefit obligation at end of period	4,174	5,360	5,927
Change in Plan Assets
Fair value of plan assets at beginning of period	0	0
Company contributions	143	504
Plan participants’ contributions	270	316
Benefit payments made directly by the Company	(413)	(820)
Fair value of plan assets at end of period	0	0	$ 0
Funded status at end of year	$ (4,174)	$ (5,360)

Postretirement Medical Benefits - Net Periodic Postretirement Benefit Cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Retirement Benefits [Abstract]
Company service cost	$ 143	$ 182	$ 204
Interest cost	150	147	142
Net prior service credit amortization	(693)	(693)	(693)
Amortization of unrecognized gain	(316)	(250)	(510)
Net periodic postretirement benefit cost	$ (716)	$ (614)	$ (857)
Discount rate used to determine cost	3.00%	2.63%	2.45%
Health care cost trend rates	6.50%	7.00%	7.00%

Postretirement Medical Benefits - Change in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018
Retirement Benefits [Abstract]
AOCI at the beginning of period	$ (3,331)	$ (3,882)
Net prior service credit amortization	693	693
Amortization of net actuarial gain	316	250
Net actuarial loss for the period	(1,336)	(392)
AOCI at the end of the period	$ (3,658)	$ (3,331)

Postretirement Medical Benefits - Weighted-Average Assumptions Used to Determine Postretirement Benefit Obligations (Detail)	Feb. 02, 2019	Feb. 03, 2018
Retirement Benefits [Abstract]
Discount rate	3.04%	3.00%
Health care cost trend rate assumed for next year	6.50%	6.50%
Ultimate trend rate	5.00%	5.00%

Postretirement Medical Benefits - Effects of One-Percentage Point Change in Assumed Health Care Cost Trend Rates (Detail) $ in Thousands	12 Months Ended
	Feb. 02, 2019 USD ($)
Retirement Benefits [Abstract]
Effect of 1% increase in medical trend rates, increase in postretirement benefit obligation	$ 124
Effect of 1% increase in medical trend rates, increase in service and interest cost	16
Effect of 1% decrease in medical trend rates, decrease in postretirement benefit obligation	120
Effect of 1% decrease in medical trend rates, decrease in service and interest cost	$ 15

Postretirement Medical Benefits - Estimated Future Benefit Payments for Postretirement Plan (Detail) $ in Thousands	Feb. 02, 2019 USD ($)
Retirement Benefits [Abstract]
2019	$ 774
2020	707
2021	692
2022	706
2023	640
2024 to 2028	1,357
Total	$ 4,876

Postretirement Medical Benefits - Additional Information (Detail) $ in Millions	12 Months Ended
	Feb. 02, 2019 USD ($)
Retirement Benefits [Abstract]
Minimum retirement age for participation in plan	55 years
Minimum service period for participation in plan	10 years
Expected contributions in 2019	$ 0.8
Expected amortization of net actuarial gain in 2019	$ 1.0

Asset Retirement Obligations - Activity Relating to Asset Retirement Obligations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Balance, beginning of period	$ 12,998	$ 11,846	$ 10,714
Accretion expense	1,031	959	895
Liabilities incurred during the year	1,219	193	237
Balance, end of period	$ 15,248	$ 12,998	$ 11,846

Accrued Expenses and Other Current Liabilities - Major Components of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 04, 2018	Feb. 03, 2018	Jan. 28, 2017
Accrued expenses and other current liabilities [Abstract]
Employee compensation	$ 77,663		$ 83,921
Outstanding checks and payables	58,840		34,002
Insurance reserves	47,813		40,620
BJ’s Perks rewards	34,083		22,736
Sales, property, use and other taxes	29,050		33,031
Fixed asset accruals	13,849		19,405
Professional services	20,197		7,998
Utilities, advertising and accrued interest	16,177		41,709
MFI Sales and legal reserves	12,744		6,652
Repairs and maintenance	11,808		17,734
Other	21,395		44,766
Total	504,834	$ 512,412	495,767
Membership
Accrued expenses and other current liabilities [Abstract]
Deferred revenue	134,415		126,216	$ 116,483
Other
Accrued expenses and other current liabilities [Abstract]
Deferred revenue	$ 26,800		$ 16,977

Accrued Expenses and Other Current Liabilities - Deferred Membership Fee Income Activity (Detail) - Membership - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018
Contract with Customer, Liability [Roll Forward]
Deferred MFI, beginning of period	$ 126,216	$ 116,483
Cash received from members	291,092	268,327
Revenue recognized in earnings	(282,893)	(258,594)
Deferred MFI, end of period	$ 134,415	$ 126,216

Other Noncurrent Liabilities - Major Components of Other Noncurrent Liabilities (Detail) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Other Liabilities Disclosure [Abstract]
Rent escalation liability	$ 82,907	$ 76,867
Workers’ compensation and general liability	70,585	72,317
Capital leases and financing obligations	28,824	35,147
Interest rate swap liability	19,410	0
Postretirement medical benefit and other	16,938	21,634
Deferred gain on sale leasebacks	16,348	17,639
Asset retirement obligations	15,248	12,998
Lease incentives	13,920	14,985
Above market leases	13,643	15,806
Total noncurrent liabilities	$ 277,823	$ 267,393

Book Overdrafts (Detail) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Debt Instrument [Line Items]
Bank overdraft	$ 50.3	$ 70.0
Accounts payable
Debt Instrument [Line Items]
Bank overdraft	32.1	36.0
Accrued expenses and other current liabilities
Debt Instrument [Line Items]
Bank overdraft	$ 18.2	$ 34.0

Derivative Financial Instruments (Detail)		12 Months Ended
Derivative Financial Instruments (Detail)	Feb. 13, 2019 USD ($) derivative_instrument	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)	Sep. 29, 2017 USD ($)	Mar. 31, 2016 USD ($)	Mar. 30, 2016 USD ($)
Interest rate caps
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount					$ 1,000,000,000.0	$ 1,700,000,000.0
Forward cap rate					2.50%
Interest rate caps \| LIBOR
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate basis spread on variable rate						1.50%
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount							$ 100,000,000.0
Unrealized losses on derivatives		$ 19,400,000	$ 0	$ 0
Subsequent event \| Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Number of derivative instruments entered \| derivative_instrument	3
Amount of hedged debt	$ 1,200,000,000
Interest rate swap, interest rate	3.00%
Derivative liability	$ 19,400,000

Fair Value Measurements - Gross Carrying Values and Fair Value of Debt (Detail) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 1,819,045	$ 2,752,563
Carrying Amount \| First Lien Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	1,530,045	1,910,563
Carrying Amount \| Second Lien Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		625,000
Carrying Amount \| ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	289,000	217,000
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	1,805,872	2,750,174
Fair Value \| First Lien Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	1,516,872	1,908,174
Fair Value \| Second Lien Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		625,000
Fair Value \| ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 289,000	$ 217,000

Earnings Per Share - Reconciliation of Weighted-Average Shares Outstanding (Detail) - shares	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Earnings Per Share [Abstract]
Weighted-average common shares outstanding, used for basic computation (in shares)	116,599,102	88,385,864	88,163,992
Plus: Incremental shares of potentially dilutive securities
Stock incentive awards (in shares)	4,535,748	3,877,713	2,572,087
Weighted-average number of common and dilutive potential common shares outstanding (in shares)	121,134,850	92,263,577	90,736,079

Earnings Per Share - Additional Information (Detail) - shares	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Earnings Per Share [Abstract]
Stock incentive awards not included in the computation of diluted earnings (in shares)	1,190,597	811,272	3,416,707

Condensed Financial Information of Registrant (Parent Company Only) - Condensed Balance Sheets (Detail) - USD ($)	Feb. 02, 2019	Feb. 04, 2018	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
ASSETS
Contingently redeemable common stock, par value $0.01; 0 shares issued and outstanding at February 2, 2019 and 1,456 shares issued and outstanding at February 3, 2018:	$ 0		$ 10,438,000	$ 8,145,000	$ 7,951,000
STOCKHOLDERS’ DEFICIT
Common stock, par value $0.01; 305,000 shares authorized; 138,099 shares issued and 137,317 shares outstanding at February 2, 2019; 87,073 shares issued and outstanding at February 3, 2018	1,381,000		871,000
Additional paid-in capital	742,072,000		2,883,000
Accumulated deficit	(915,113,000)	$ (1,042,374,000)	(1,036,012,000)
Treasury stock, at cost, 782 shares and no shares outstanding at February 2, 2019 and February 3, 2018, respectively.	(19,109,000)		0
Total liabilities and stockholders’ deficit	3,239,285,000		3,273,856,000
Parent Company
ASSETS
Investment in subsidiaries	(202,084,000)		(1,019,419,000)
Contingently redeemable common stock, par value $0.01; 0 shares issued and outstanding at February 2, 2019 and 1,456 shares issued and outstanding at February 3, 2018:	0		10,438,000
STOCKHOLDERS’ DEFICIT
Common stock, par value $0.01; 305,000 shares authorized; 138,099 shares issued and 137,317 shares outstanding at February 2, 2019; 87,073 shares issued and outstanding at February 3, 2018	1,381,000		871,000
Additional paid-in capital	730,757,000		4,537,000
Accumulated deficit	(915,113,000)		(1,035,265,000)
Treasury stock, at cost, 782 shares and no shares outstanding at February 2, 2019 and February 3, 2018, respectively.	19,109,000		0
Total liabilities and stockholders’ deficit	$ (202,084,000)		$ (1,019,419,000)

Condensed Financial Information of Registrant (Parent Company Only) - Condensed Balance Sheets - Additional Information (Detail) - $ / shares	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Condensed Balance Sheet Statements, Captions [Line Items]
Contingently redeemable common stock, par value (in usd per share)	$ 0.01	$ 0.01
Contingently redeemable common stock, issued (in shares)	0	1,456,000
Contingently redeemable common stock, outstanding (in shares)	0	1,456,000	1,043,000	945,000
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	305,000,000	305,000,000
Common stock, issued (in shares)	138,099,000	87,073,000
Common stock, outstanding (in shares)	137,317,000	87,073,000
Treasury stock (in shares)	782,000	0
Parent Company
Condensed Balance Sheet Statements, Captions [Line Items]
Contingently redeemable common stock, par value (in usd per share)	$ 0.01	$ 0.01
Contingently redeemable common stock, issued (in shares)	0	1,456,000
Contingently redeemable common stock, outstanding (in shares)	0	1,456,000
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	305,000,000	305,000,000
Common stock, issued (in shares)	138,099,000	87,073,000
Common stock, outstanding (in shares)	137,317,000	87,073,000
Treasury stock (in shares)	782,000	0

Condensed Financial Information of Registrant (Parent Company Only) - Condensed Statements of Operations and Comprehensive Income (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Condensed Income Statements, Captions [Line Items]
Net income (loss)	$ 64,307	$ 54,431	$ (5,614)	$ 14,137	$ 66,708	$ 22,775	$ 19,712	$ (58,894)	$ 127,261	$ 50,301	$ 44,224
Net income per share attributable to common stockholders':
Basic (in usd per share)	$ 0.47	$ 0.40	$ (0.05)	$ 0.16	$ 0.75	$ 0.26	$ 0.22	$ (0.67)	$ 1.09	$ 0.57	$ 0.50
Diluted (in usd per share)	$ 0.46	$ 0.39	$ (0.05)	$ 0.15	$ 0.71	$ 0.25	$ 0.22	$ (0.67)	$ 1.05	$ 0.54	$ 0.48
Weighted-average number of common shares outstanding:
Basic (in shares)									116,599,102	88,385,864	88,163,992
Diluted (in shares)									121,134,850	92,263,577	90,736,079
Parent Company
Condensed Income Statements, Captions [Line Items]
Equity in net income of subsidiaries									$ 127,261	$ 50,301	$ 44,224
Net income (loss)									$ 127,261	$ 50,301	$ 44,224
Net income per share attributable to common stockholders':
Basic (in usd per share)									$ 1.09	$ 0.57	$ 0.50
Diluted (in usd per share)									$ 1.05	$ 0.54	$ 0.48
Weighted-average number of common shares outstanding:
Basic (in shares)									116,599,000	88,386,000	88,164,000
Diluted (in shares)									121,135,000	92,264,000	90,736,000

Condensed Financial Information of Registrant (Parent Company Only) - Additional Information (Detail) - Parent Company $ in Millions	Feb. 02, 2019 USD ($)
Condensed Financial Statements, Captions [Line Items]
Net Income free of restrictions and available for payment of dividends	$ 127.3
Restricted net assets of consolidated subsidiaries	$ 131.3

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended								12 Months Ended
	Jul. 02, 2018	Feb. 03, 2017	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Condensed Financial Statements, Captions [Line Items]
Dividend paid to common stockholders		$ 735,500								$ 735,500
Quarterly Financial Data [Abstract]
Revenue			$ 3,416,882	$ 3,221,663	$ 3,307,105	$ 3,061,697	$ 3,555,989	$ 3,084,245	$ 3,167,527	2,946,828	$ 13,007,347	$ 12,754,589	$ 12,350,537
Gross profit			628,945	592,088	588,503	551,359	621,286	560,948	553,340	505,523
Net income (loss)			$ 64,307	$ 54,431	$ (5,614)	$ 14,137	$ 66,708	$ 22,775	$ 19,712	$ (58,894)	$ 127,261	$ 50,301	$ 44,224
Basic earnings (loss) per share (in usd per share)			$ 0.47	$ 0.40	$ (0.05)	$ 0.16	$ 0.75	$ 0.26	$ 0.22	$ (0.67)	$ 1.09	$ 0.57	$ 0.50
Diluted earnings (loss) per share (in usd per share)			$ 0.46	$ 0.39	$ (0.05)	$ 0.15	$ 0.71	$ 0.25	$ 0.22	$ (0.67)	$ 1.05	$ 0.54	$ 0.48
Product
Quarterly Financial Data [Abstract]
Revenue			$ 3,343,814	$ 3,150,234	$ 3,236,664	$ 2,993,742	$ 3,489,973	$ 3,019,389	$ 3,103,335	$ 2,883,298	$ 12,724,454	$ 12,495,995	$ 12,095,302
Second Lien Term Loan
Condensed Financial Statements, Captions [Line Items]
Debt extinguishment amount	$ 623,200				$ 623,200

Subsequent Events (Detail) - Subsequent event	Mar. 11, 2019 shares
Subsequent Event [Line Items]
Term of purchase option granted to underwriters by selling stockholders	30 days
Public offering - shares sold by existing stockholders
Subsequent Event [Line Items]
Common stock sold by certain selling stockholders (in shares)	17,000,000
Public offering - shares sold by existing stockholders to underwriters
Subsequent Event [Line Items]
Common stock sold by certain selling stockholders (in shares)	2,550,000