0000950170-22-004397 | 10-K | XBRL Viewer

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Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Current Assets:
Cash and cash equivalents	$ 320,525	$ 215,091
Accounts receivable, net of allowances of $4,656 at January 29, 2022 and $5,015 at January 30, 2021	39,509	31,410
Inventories	278,200	290,966
Prepaids and other current assets	71,564	130,128
Total current assets	709,798	667,595
Property and equipment, net	216,308	207,842
Operating lease right of use asset	543,789	621,727
Goodwill	38,556	38,550
Other intangibles	29,855	30,929
Deferred income taxes	1,466
Other noncurrent assets	22,327	20,725
Total Assets	1,562,099	1,587,368
Current Liabilities:
Accounts payable	152,484	150,437
Current portion - operating lease liability	145,088	173,505
Other accrued liabilities	134,156	78,991
Total current liabilities	431,728	402,933
Long-term debt	15,679	32,986
Long-term operating lease liability	471,878	527,549
Other long-term liabilities	40,346	57,141
Total liabilities	959,631	1,020,609
Commitments and contingent liabilities
Equity
Non-redeemable preferred stock	827	1,009
Common equity:
Common stock, $1 par value: Authorized: 80,000,000 shares Issued common stock	14,256	15,438
Additional paid-in capital	291,444	282,308
Retained earnings	350,206	320,920
Accumulated other comprehensive loss	(36,408)	(35,059)
Treasury shares, at cost (488,464 shares)	(17,857)	(17,857)
Total equity	602,468	566,759
Total Liabilities and Equity	$ 1,562,099	$ 1,587,368

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Current Assets:
Allowances on accounts receivable	$ 4,656	$ 5,015
Common equity:
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	80,000,000	80,000,000
Treasury shares, at cost (in shares)	488,464	488,464

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Statement [Abstract]
Net sales	$ 2,422,084	$ 1,786,530	$ 2,197,066
Cost of sales	1,240,948	982,063	1,133,951
Gross margin	1,181,136	804,467	1,063,115
Selling and administrative expenses	1,033,625	813,775	966,423
Goodwill impairment	0	79,259	0
Asset impairments and other, net	(8,056)	18,682	13,374
Operating income (loss)	155,567	(107,249)	83,318
Other components of net periodic benefit cost (income)	128	(670)	(395)
Interest expense (net of interest income of $0.6 million, $0.3 million and $2.1 million for Fiscal 2022, 2021 and 2020, respectively)	2,448	5,090	1,278
Earnings (loss) from continuing operations before income taxes	152,991	(111,669)	82,435
Income tax expense (benefit)	38,044	(55,641)	20,678
Earnings (loss) from continuing operations	114,947	(56,028)	61,757
Loss from discontinued operations, net of tax of $0.0 million, $0.2 million and $0.1 million for Fiscal 2022, 2021 and 2020, respectively	(97)	(401)	(373)
Net Earnings (Loss)	$ 114,850	$ (56,429)	$ 61,384
Basic earnings (loss) per common share:
Continuing operations (in dollars per share)	$ 8.11	$ (3.94)	$ 3.97
Discontinued operations (in dollars per share)	0.00	(0.03)	(0.02)
Net earnings (loss) (in dollars per share)	8.11	(3.97)	3.95
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)	7.92	(3.94)	3.94
Discontinued operations (in dollars per share)	0.00	(0.03)	(0.02)
Net earnings (loss) (in dollars per share)	$ 7.92	$ (3.97)	$ 3.92
Weighted average shares outstanding:
Basic (in shares)	14,170	14,216	15,544
Diluted (in shares)	14,509	14,216	15,671

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Statement [Abstract]
Interest income	$ 0.6	$ 0.3	$ 2.1
Loss from discontinued operations tax expense (benefit)	$ 0.0	$ 0.2	$ 0.1

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 29, 2021	Jan. 29, 2020
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 114,850	$ (56,429)	$ 61,384
Other comprehensive income (loss):
Pension liability adjustment net of tax of $2.1 million for 2020	0	0	6,035
Postretirement liability adjustment net of tax of $0.3 million, $0.1 million and $1.0 million for 2022, 2021 and 2020, respectively	(735)	314	(2,697)
Foreign currency translation adjustments	(613)	(3,705)	2,930
Total other comprehensive income (loss)	(1,348)	(3,391)	6,268
Comprehensive Income (Loss)	$ 113,502	$ (59,820)	$ 67,652

- Definition

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

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+ Details

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Other comprehensive income (loss):
Pension liability adjustment, tax			$ 2.1
Postretirement liability adjustment, tax	$ 0.3	$ 0.1	$ 1.0

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings (loss)	$ 114,850	$ (56,429)	$ 61,384
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization	42,969	46,499	49,574
Deferred income taxes	(18,710)	39,142	660
Impairment of intangible assets	0	84,519	269
Impairment of long-lived assets	2,049	13,871	2,827
Restricted stock expense	9,132	8,460	10,077
Provision for discontinued operations	132	345	425
Loss on sale of business	0	0	86
Loss on pension plan termination	0	0	11,510
Gain on sale of assets	(19,140)	0	0
Other	766	3,916	568
Changes in working capital and other assets and liabilities, net of acquisitions/dispositions:
Accounts receivable	(8,280)	(4,159)	656
Inventories	10,829	76,525	1,930
Prepaids and other current assets	58,388	(97,842)	16,228
Accounts payable	3,763	29,631	(10,333)
Other accrued liabilities	50,927	(7,732)	(20,787)
Other assets and liabilities	(7,805)	20,995	(7,904)
Net cash provided by operating activities	239,870	157,741	117,170
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(53,905)	(24,130)	(29,767)
Other investing activities	74	0	171
Acquisitions, net of cash acquired	(80)	0	(33,524)
Proceeds from (payments for) sale of businesses	0	0	98,677
Proceeds from asset sales	20,013	110	17,751
Net cash provided by (used in) investing activities	(33,898)	(24,020)	53,308
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of long-term debt	0	0	(9,133)
Borrowings under revolving credit facility	29,283	221,310	93,328
Payments on revolving credit facility	(46,516)	(205,327)	(135,403)
Shares repurchased related to share repurchase plan	(78,068)	0	(190,384)
Restricted shares withheld for taxes	(4,076)	(1,223)	(2,355)
Change in overdraft balances	(516)	(16,573)	(12,557)
Additions to deferred financing costs	(1,276)	(1,350)	(7)
Other	0	(1)	0
Net cash used in financing activities	(101,169)	(3,164)	(256,511)
Effect of foreign exchange rate fluctuations on cash	631	3,116	96
Net Increase (Decrease) in Cash and Cash Equivalents	105,434	133,673	(85,937)
Cash and cash equivalents at beginning of year	215,091	81,418	167,355
Cash and cash equivalents at end of year	320,525	215,091	81,418
Supplemental information:
Interest paid	2,331	4,386	3,005
Income taxes paid (refunded)	(178)	7,685	4,899
Cash paid for amounts included in measurement of operating lease liabilities	193,661	142,908	188,247
Operating leased assets obtained in exchange for new operating lease liabilities	$ 80,378	$ 38,731	$ 80,078

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Non-Redeemable Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Treasury Shares
Beginning balance at Feb. 02, 2019	$ 737,551	$ (4,208)	$ 1,060	$ 19,591	$ 264,138	$ 508,555	$ (4,208)	$ (37,936)	$ (17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]		ASU 2016-02					ASU 2016-02
Net earnings (loss)	61,384					61,384
Other comprehensive income (loss)	6,268							6,268
Employee and non-employee restricted stock	10,077				10,077
Restricted stock issuance	0			285	(285)
Restricted shares withheld for taxes	(2,355)			(56)	56	(2,355)
Shares repurchased	(189,374)			(4,570)		(184,804)
Other	0		(51)	(64)	115
Ending balance at Feb. 01, 2020	619,343		1,009	15,186	274,101	378,572		(31,668)	(17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	(56,429)					(56,429)
Other comprehensive income (loss)	(3,391)							(3,391)
Employee and non-employee restricted stock	8,460				8,460
Restricted stock issuance	0			467	(467)
Restricted shares withheld for taxes	(1,223)			(65)	65	(1,223)
Other	(1)			(150)	149
Ending balance at Jan. 30, 2021	566,759		1,009	15,438	282,308	320,920		(35,059)	(17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	114,850					114,850
Other comprehensive income (loss)	(1,348)							(1,348)
Employee and non-employee restricted stock	9,132				9,132
Restricted stock issuance	0			244	(244)
Restricted shares withheld for taxes	(4,076)			(65)	65	(4,076)
Shares repurchased	(82,849)			(1,361)		(81,488)
Other	0		(182)		183			(1)
Ending balance at Jan. 29, 2022	$ 602,468		$ 827	$ 14,256	$ 291,444	$ 350,206		$ (36,408)	$ (17,857)

Summary of Significant Accounting Policies

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1

Summary of Significant Accounting Policies

Nature of Operations

Genesco Inc. and its subsidiaries business includes the sourcing and design, marketing and distribution of footwear and accessories through retail stores in the U.S., Puerto Rico and Canada primarily under the Journeys®, Journeys Kidz®, Little Burgundy® and Johnston & Murphy® banners and under the Schuh banner in the U.K. and the ROI; through catalogs and e-commerce websites including the following: journeys.com, journeyskidz.com, journeys.ca, schuh.co.uk, schuh.ie, schuh.eu, littleburgundyshoes.com, johnstonmurphy.com, johnstonmurphy.ca, nashvilleshoewarehouse.com and dockersshoes.com and at wholesale, primarily under our Johnston & Murphy brand, the licensed Dockers® brand, the licensed Levi's® brand, the licensed G.H. Bass® brand and other brands that we license for footwear. At January 29, 2022, we operated 1,425 retail stores in the U.S., Puerto Rico, Canada, the U.K. and the ROI.

During Fiscal 2022, we operated four reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys, Journeys Kidz and Little Burgundy retail footwear chains and e-commerce operations; (ii) Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, e-commerce operations and wholesale distribution of products under the Johnston & Murphy brand; and (iv) Licensed Brands, comprised of the licensed Dockers, Levi's, and G.H. Bass brands, as well as other brands we license for footwear.

Principles of Consolidation

All subsidiaries are consolidated in our Consolidated Financial Statements. All significant intercompany transactions and accounts have been eliminated.

Fiscal Year

Our fiscal year ends on the Saturday closest to January 31. As a result, Fiscal 2022, 2021 and 2020 were all 52-week years with 364 days. Fiscal 2022 ended on January 29, 2022, Fiscal 2021 ended on January 30, 2021 and Fiscal 2020 ended on February 1, 2020.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Actual results could differ from those estimates.

Cash and Cash Equivalents

Our foreign subsidiaries held cash of approximately $39.7 million and $21.8 million as of January 29, 2022 and January 30, 2021, respectively, which is included in cash and cash equivalents on the Consolidated Balance Sheets. Our strategic plan does not require the repatriation of foreign cash in order to fund our operations in the U.S., and it is our current intention to indefinitely reinvest our foreign cash and cash equivalents outside of the U.S. If we were to repatriate foreign cash to the U.S., we would be required to accrue and pay U.S. taxes in accordance with applicable U.S. tax rules and regulations as a result of the repatriation.

Note 1

Summary of Significant Accounting Policies, Continued

There were no cash equivalents at January 29, 2022 or January 30, 2021.

At January 29, 2022 and January 30, 2021, outstanding checks drawn on zero-balance accounts at certain domestic banks exceeded book cash balances at those banks by approximately $0.0 million and $0.5 million, respectively. These amounts are included in accounts payable in our Consolidated Balance Sheets.

Concentration of Credit Risk and Allowances on Accounts Receivable

Our wholesale businesses sell primarily to independent retailers and department stores across the United States. Receivables arising from these sales are not collateralized. Customer credit risk is affected by conditions or occurrences within the economy and the retail industry as well as by customer specific factors. In the wholesale businesses, one customer accounted for 38%, one customer accounted for 13% and one customer accounted for 7% of our total trade receivables balance, while no other customer accounted for more than 6% of our total trade receivables balance as of January 29, 2022.

We establish an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information, as well as customer specific factors. We also establish allowances for sales returns, customer deductions and co-op advertising based on specific circumstances, historical trends and projected probable outcomes.

Inventory Valuation

In our footwear wholesale operations and our Schuh Group segment, cost for inventory that we own is determined using the first-in, first-out ("FIFO") method. Net realizable value is determined using a system of analysis which evaluates inventory at the stock number level based on factors such as inventory turn, average selling price, inventory level, and selling prices reflected in future orders for footwear wholesale. We provide a valuation allowance when the inventory has not been marked down to net realizable value based on current selling prices or when the inventory is not turning and is not expected to turn at satisfactory levels.

In our retail operations, other than the Schuh Group segment, we employ the retail inventory method, applying average cost-to-retail ratios to the retail value of inventories. Under the retail inventory method, valuing inventory at the lower of cost or market is achieved as markdowns are taken or accrued as a reduction of the retail value of inventories.

Inherent in the retail inventory method are subjective judgments and estimates, including merchandise mark-on, markups, markdowns and shrinkage. These judgments and estimates, coupled with the fact that the retail inventory method is an averaging process, could produce a range of cost figures. To reduce the risk of inaccuracy and to ensure consistent presentation, we employ the retail inventory method in multiple subclasses of inventory with similar gross margins, and analyze markdown requirements at the stock number level based on factors such as inventory turn, average selling price and inventory age. In addition, we accrue markdowns as necessary. These additional markdown accruals reflect all of the above factors as well as current agreements to return products to vendors and vendor agreements to provide markdown support. In addition to markdown allowances, we maintain reserves for shrinkage and damaged goods based on historical rates.

Inherent in the analysis of both wholesale and retail inventory valuation are subjective judgments about current market conditions, fashion trends and overall economic conditions. Failure to make appropriate conclusions regarding these factors may result in an overstatement or understatement of inventory value.

Note 1

Summary of Significant Accounting Policies, Continued

Property and Equipment

Property and equipment are recorded at cost and depreciated or amortized over the estimated useful life of related assets. Depreciation and amortization expense are computed principally by the straight-line method over the following estimated useful lives:


Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Depreciation expense related to property and equipment was approximately $42.4 million, $45.6 million and $49.4 million for Fiscal 2022, 2021 and 2020, respectively.

Leases

We recognize lease assets and corresponding lease liabilities for all operating leases on the Consolidated Balance Sheets as described under ASC 842. We evaluate renewal options and break options at lease inception and on an ongoing basis and include renewal options and break options that we are reasonably certain to exercise in our expected lease terms for calculations of the right-of-use assets and liabilities. Approximately 2% of our leases contain renewal options. To determine the present value of lease payments not yet paid, we estimate incremental borrowing rates corresponding to the reasonably certain lease term. As most of our leases do not provide a determinable implicit rate, we estimate our collateralized incremental borrowing rate based upon a synthetic credit rating and yield curve analysis at the lease commencement or modification date in determining the present value of lease payments. For lease payments in foreign currencies, the incremental borrowing rate is adjusted to be reflective of the risk associated with the respective currency. Operating lease assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment, if any, of operating lease assets. We test right-of-use assets for impairment in the same manner as long-lived assets.

Net lease costs are included within selling and administrative expenses on the Consolidated Statements of Operations.

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. Our asset retirement obligations are primarily associated with leasehold improvements that we are contractually obligated to remove at the end of a lease to comply with the lease agreement. We recognize asset retirement obligations at the inception of a lease with such conditions if a reasonable estimate of fair value can be made. Asset retirement obligations are recorded in other long-term liabilities in our Consolidated Balance Sheets and are subsequently adjusted for changes in estimated asset retirement obligations. The associated estimated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset and depreciated over its useful life.

Our Consolidated Balance Sheets include asset retirement obligations related to leases of $11.5 million as of both January 29, 2022 and January 30, 2021.

Note 1

Summary of Significant Accounting Policies, Continued

Impairment of Long-Lived Assets

We periodically assess the realizability of our long-lived assets, other than goodwill, and evaluate such assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Asset impairment is determined to exist if estimated future cash flows, undiscounted and without interest charges, are less than the carrying amount. Inherent in the analysis of impairment are subjective judgments about future cash flows. Failure to make appropriate conclusions regarding these judgments may result in an overstatement or understatement of the value of long-lived assets.

We annually assess our goodwill and indefinite lived trade names for impairment and on an interim basis if indicators of impairment are present. Our annual assessment date of goodwill and indefinite lived trade names is the first day of the fourth quarter.

In accordance with ASC 350, we have the option first to assess qualitative factors to determine whether events and circumstances indicate that it is more likely than not that goodwill is impaired. If, after such assessment, we conclude that the asset is not impaired, no further action is required. However, if we conclude otherwise, we are required to determine the fair value of the asset using a quantitative impairment test. The quantitative impairment test for goodwill compares the fair value of each reporting unit with the carrying value of the reporting unit with which the goodwill is associated. If the fair value of the reporting unit is less than the carrying value of the reporting unit, an impairment charge would be recorded for the amount, if any, in which the carrying value exceeds the reporting unit's fair value. We estimate fair value using the best information available, and compute the fair value derived by a combination of the market and income approach. The market approach is based on observed market data of comparable companies to determine fair value. The income approach utilizes a projection of a reporting unit’s estimated operating results and cash flows that are discounted using a weighted-average cost of capital that reflects current market conditions. A key assumption in our fair value estimate is the weighted average cost of capital utilized for discounting our cash flow projections in our income approach. The projection uses our best estimates of economic and market conditions over the projected period including growth rates in sales, costs, estimates of future expected changes in operating margins and cash expenditures. Other significant estimates and assumptions include terminal value growth rates, future estimates of capital expenditures and changes in future working capital requirements.

Fair Value

The Fair Value Measurements and Disclosures Topic of the Codification defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value measurements. This Topic defines fair value 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. It also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Note 1

Summary of Significant Accounting Policies, Continued

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

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.

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

Revenue Recognition

Revenue is recognized upon satisfaction of all contractual performance obligations and transfer of control to the customer. Revenue is measured as the amount of consideration we expect to be entitled to in exchange for corresponding goods. The majority of our sales are single performance obligation arrangements for retail sale transactions for which the transaction price is equivalent to the stated price of the product, net of any stated discounts applicable at a point in time. Each sales transaction results in an implicit contract with the customer to deliver a product at the point of sale. Revenue from retail sales is recognized at the point of sale, is net of estimated returns, and excludes sales and value added taxes. Revenue from catalog and internet sales is recognized at estimated time of delivery to the customer, is net of estimated returns, and excludes sales and value added taxes. Wholesale revenue is recorded net of estimated returns and allowances for markdowns, damages and miscellaneous claims when the related goods have been shipped and legal title has passed to the customer. Actual amounts of markdowns have not differed materially from estimates. Shipping and handling costs charged to customers are included in net sales. We exclude sales and value added tax collected on behalf of third parties from transaction price.

A provision for estimated returns is provided through a reduction of sales and cost of goods sold in the period that the related sales are recorded. Estimated returns are based on historical returns and claims. Actual returns and claims in any future period may differ from historical experience. Revenue from gift cards is deferred and recognized upon the redemption of the cards. These cards have no expiration date. Income from unredeemed cards is recognized on the Consolidated Statements of Operations within net sales in proportion to the pattern of rights exercised by the customer in future periods. We perform an evaluation of historical redemption patterns from the date of original issuance to estimate future period redemption activity.

Our Consolidated Balance Sheets include an accrued liability for gift cards of $6.3 million and $5.0 million as of January 29, 2022 and January 30, 2021, respectively. Gift card breakage recognized as revenue was $1.0 million, $0.8 million and $1.0 million for Fiscal 2022, 2021 and 2020, respectively. During Fiscal 2022, we recognized $3.1 million of gift card redemptions and gift card breakage revenue that were included in the gift card liability as of January 30, 2021.

Note 1

Summary of Significant Accounting Policies, Continued

Cost of Sales

For our retail operations, the cost of sales includes actual product cost, the cost of transportation to our warehouses from suppliers, the cost of transportation from our warehouses to the stores and the cost of transportation from our warehouses to the customer. Additionally, the cost of our distribution facilities allocated to our retail operations is included in cost of sales.

For our wholesale operations, the cost of sales includes the actual product cost and the cost of transportation to the Company’s warehouses from suppliers.

Selling and Administrative Expenses

Selling and administrative expenses include all operating costs excluding (i) those related to the transportation of products from the supplier to the warehouse, (ii) for our retail operations, those related to the transportation of products from the warehouse to the store and from the warehouse to the customer and (iii) costs of our distribution facilities which are allocated to our retail operations. Wholesale costs of distribution are included in selling and administrative expenses on our Consolidated Statements of Operations in the amounts of $12.8 million, $10.1 million and $5.6 million for Fiscal 2022, 2021 and 2020, respectively.

We record buying, merchandising and occupancy costs in selling and administrative expense. Because we do not include these costs in cost of sales, our gross margin may not be comparable to other retailers that include these costs in the calculation of gross margin. Retail occupancy costs recorded in selling and administrative expense were $299.6 million, $269.8 million and $334.4 million for Fiscal 2022, 2021 and 2020, respectively.

Shipping and Handling Costs

Shipping and handling costs related to inventory purchased from suppliers are included in the cost of inventory and are charged to cost of sales in the period that the inventory is sold. All other shipping and handling costs are charged to cost of sales in the period incurred except for wholesale costs of distribution and shipping costs for product shipped from stores, which are included in selling and administrative expenses in our Consolidated Statements of Operations.

Advertising Costs

Advertising costs are predominantly expensed as incurred. Advertising costs were $106.4 million, $80.1 million and $72.3 million for Fiscal 2022, 2021 and 2020, respectively.

Consideration to Resellers

In our wholesale businesses, we do not have any written buy-down programs with retailers, but we have provided certain retailers with markdown allowances for obsolete and slow-moving products that are in the retailer’s inventory. We estimate these allowances and provide for them as reductions to revenues at the time revenues are recorded. Markdowns are negotiated with retailers and changes are made to the estimates as agreements are reached. Actual amounts for markdowns have not differed materially from estimates.

Note 1

Summary of Significant Accounting Policies, Continued

Cooperative Advertising

Cooperative advertising funds are made available to most of our wholesale footwear customers. In order for retailers to receive reimbursement under such programs, the retailer must meet specified advertising guidelines and provide appropriate documentation of expenses to be reimbursed. Our cooperative advertising agreements require that wholesale customers present documentation or other evidence of specific advertisements or display materials used for our products by submitting the actual print advertisements presented in catalogs, newspaper inserts or other advertising circulars, or by permitting physical inspection of displays. Additionally, our cooperative advertising agreements require that the amount of reimbursement requested for such advertising or materials be supported by invoices or other evidence of the actual costs incurred by the retailer.

Vendor Allowances

From time to time, we negotiate allowances from our vendors for markdowns taken or expected to be taken. These markdowns are typically negotiated on specific merchandise and for specific amounts. These specific allowances are recognized as a reduction in cost of sales in the period in which the markdowns are taken. Markdown allowances not attached to specific inventory on hand or already sold are applied to concurrent or future purchases from each respective vendor.

We receive support from some of our vendors in the form of reimbursements for cooperative advertising and catalog costs for the launch and promotion of certain products. The reimbursements are agreed upon with vendors and represent specific, incremental, identifiable costs incurred by us to sell the vendor’s specific products. Such costs and the related reimbursements are accumulated and monitored on an individual vendor basis, pursuant to the respective cooperative advertising agreements with vendors. Such cooperative advertising reimbursements are recorded as a reduction of selling and administrative expenses in the same period in which the associated expense is incurred. If the amount of cash consideration received exceeds the costs being reimbursed, such excess amount would be recorded as a reduction of cost of sales.

Vendor reimbursements of cooperative advertising costs recognized as a reduction of selling and administrative expenses were $10.7 million, $6.2 million and $9.1 million for Fiscal 2022, 2021 and 2020, respectively. During Fiscal 2022, 2021 and 2020, our vendor reimbursements of cooperative advertising received were not in excess of the costs incurred.

Foreign Currency Translation

The functional currency of our foreign operations is the applicable local currency. The translation of the applicable foreign currency into U.S. dollars is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date. Income and expense accounts are translated at monthly average exchange rates. The unearned gains and losses resulting from such translation are included as a separate component of accumulated other comprehensive loss within shareholders' equity. Gains and losses from certain foreign currency transactions were not material for Fiscal 2022, 2021 and 2020.

Commitments

As a result of the Togast acquisition, we also have a commitment to Samsung C&T America, Inc. (“Samsung”) related to the ultimate sale and valuation of related inventories owned by Samsung. If the product is sold below Samsung’s cost, we are committed to Samsung for the difference between the sales price and its cost. At January 29, 2022, the related inventory owned by Samsung had a historical cost of $11.4 million. As of January 29, 2022, we believe that we have appropriately accounted for any differences between the fair value of the Samsung inventory and Samsung’s historical cost.

New Accounting Pronouncements

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

New Accounting Pronouncements

Note 2

New Accounting Pronouncements

New Accounting Pronouncements Recently Adopted

In December 2019, the FASB issued ASU No. 2019-12, “Simplifying the Accounting for Income Taxes”. This guidance aims to simplify the accounting for income taxes by removing certain exceptions to the general principles within the current guidance and by clarifying and amending the current guidance. The guidance is effective for annual reporting periods, and interim periods within those years, beginning after December 15, 2020. We adopted ASU No. 2019-12 in the first quarter of Fiscal 2022. This guidance did not have a material impact on our Consolidated Financial Statements.

New Accounting Pronouncements Not Yet Adopted

In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting", as amended and supplemented by subsequent ASUs (collectively, “ASU 2020-04”), which provides practical expedients for contract modifications and certain hedging relationships associated with the transition from reference rates that are expected to be discontinued. This guidance is applicable for borrowing instruments, which use LIBOR as a reference rate, and is effective immediately, but is only available through December 31, 2022. We do not expect the adoption of this ASU to have a material impact on our Consolidated Financial Statements.

- Definition

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

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+ Details

COVID- 19

12 Months Ended

Jan. 29, 2022

Unusual or Infrequent Items, or Both [Abstract]

COVID-19

Note 3

COVID-19

In March 2020, the World Health Organization categorized the outbreak of COVID-19 as a pandemic. To help control the spread of the virus and protect the health and safety of our employees and customers, we temporarily closed or modified operating models and hours of our retail stores in North America, the U.K. and the ROI beginning in March 2020, both in response to governmental requirements including “stay-at-home” orders and similar mandates and voluntarily, beyond the requirements of local government authorities. A portion of our store fleet remained closed during Fiscal 2021 and the majority of Fiscal 2022. By the end of the third quarter of Fiscal 2022, we were operating in substantially all locations.

Changes made in our operations, including temporary closures, combined with reduced customer traffic due to concerns over COVID-19, resulted in a material impact on our business. This prompted us to update our impairment analyses of our retail store portfolios and related lease right-of-use assets. For certain lower-performing stores, we compared the carrying value of store assets to undiscounted cash flows with updated assumptions on near-term profitability.

We evaluated our goodwill and indefinite-lived intangible assets for indicators of impairment at the end of each quarter of Fiscal 2021 and Fiscal 2022. During the first quarter of Fiscal 2021, such evaluation caused us to determine that, when considering the impact of COVID-19, indicators of impairment existed relating to the goodwill associated with Schuh Group and certain other trademarks. Therefore, we updated the goodwill impairment analysis for Schuh Group, and, as a result, recorded a goodwill impairment charge of $79.3 million during the quarter ended May 2, 2020. In addition, we updated our impairment analysis for other intangible assets and, as a result, recorded a trademark impairment charge of $5.3 million during the quarter ended May 2, 2020. There were no impairment indicators for the remainder of Fiscal 2021 or for Fiscal 2022.

We evaluated our remaining tangible assets, particularly accounts receivable and inventory. Our wholesale businesses sell primarily to independent retailers and department stores across the United States. Receivables arising from these sales are not

Note 3

COVID-19, Continued

collateralized. Customer credit risk is affected by conditions or occurrences within the economy and the retail industry, such as COVID-19, as well as by customer specific factors. We establish an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

We also record reserves for obsolete and slow-moving inventory and for estimated shrinkage between physical inventory counts. During the initial phases of the COVID-19 pandemic, we recorded incremental inventory reserve provisions as a result of excess inventory due to the impact of COVID-19 on retail traffic and demand for certain products. Depending on future customer behavior, among other factors, we may incur additional inventory reserve provisions.

During Fiscal 2021 and the first half of Fiscal 2022, we withheld certain contractual rent payments generally correlating with time periods when our stores were closed and/or correlating with sales declines from Fiscal 2020. We continue to recognize rent expense in accordance with the contractual terms. We worked with landlords in various markets to seek commercially reasonable lease concessions given the impact of COVID-19. In cases where the agreements did not result in a substantial increase in the rights of the lessor or the obligation of the lessee such that the total cash flows of the modified lease were substantially the same or less than the total cash flows of the existing lease, we did not reevaluate the contract terms. For these lease agreements, we recognized a reduction in variable rent expense in the period that the concession was granted.

On March 27, 2020, the U.S. government enacted the CARES Act, which, among other things, provided employer payroll tax credits for wages paid to employees who were unable to work during the COVID-19 pandemic and options to defer payroll tax payments. Based on our evaluation of the CARES Act, we qualified for certain employer payroll tax credits as well as the deferral of payroll and other tax payments in the future, which were treated as government subsidies to offset related operating expenses. Qualified payroll tax credits under the CARES Act and other foreign subsidy programs reduced our selling and administrative expenses by approximately $7.8 million and $13.8 million during Fiscal 2022 and Fiscal 2021, respectively, on our Consolidated Statements of Operations.

Savings from a government program in the U.K. have provided property tax relief for Fiscal 2022 and Fiscal 2021 of approximately $9.7 million and $13.3 million, respectively. Other government relief programs in the U.K., the ROI and Canada provided savings in Fiscal 2022 of approximately $5.2 million in the aggregate.

The COVID-19 pandemic continues to evolve. The emergence of variants from the original strain, its economic impact and actions taken in response thereto, including, without limitation, the timing and availability of COVID-19 vaccines and effective medical treatments may result in prolonged or recurring periods of store closures and modified operating schedules and may result in changes in customer behaviors, including a potential reduction in consumer discretionary spending in our stores and online. These may lead to increased asset recovery and valuation risks, such as impairment of our store and other assets and an inability to realize deferred tax assets due to sustaining losses in certain jurisdictions. The uncertainties in the global economy have and are likely to continue to impact the financial viability of our suppliers, and other business partners, which have interrupted and may continue to interrupt our supply chain, limit our ability to collect receivables and require other changes to our operations. These and other factors have and may continue to adversely impact our net sales, gross margin, operating income and earnings per share financial measures.

Goodwill and Other Intangible Assets

12 Months Ended

Jan. 29, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Note 4

Goodwill and Other Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by segment were as follows:


(In thousands)	Journeys Group		Licensed Brands Group		Total Goodwill
Balance, January 30, 2021	$	10,082	$	28,468	$	38,550
Effect of foreign currency exchange rates		5		1		6
Balance, January 29, 2022	$	10,087	$	28,469	$	38,556

During the first quarter of Fiscal 2021, we identified qualitative indicators of impairment, including a significant decline in our stock price and market capitalization resulting from the COVID-19 pandemic, since the last consideration of indicators of impairment in the fourth quarter of Fiscal 2020 for our Schuh Group reporting unit. When indicators of impairment are present on an interim basis, we must assess whether it is “more likely than not” (i.e., a greater than 50% chance) that an impairment has occurred. Due to the identified indicators of impairment in the first quarter of Fiscal 2021, we determined that it was “more likely than not” that an impairment had occurred and performed a full valuation of our Schuh Group reporting. Based upon the results of these analyses, we concluded the goodwill attributed to Schuh Group was fully impaired. As a result, we recorded an impairment charge of $79.3 million in the first quarter of Fiscal 2021.

Goodwill Valuation (Schuh Group)

We estimated the fair value of our Schuh reporting unit in the first quarter of Fiscal 2021 using a discounted cash flow method (income approach) weighted 50% and a guideline public company method (market approach) weighted 50%. The key assumptions used under the income approach include the following:

•

Future cash flow assumptions - Our projections for the Schuh reporting unit were based on organic growth and were derived from historical experience and assumptions regarding future growth and profitability trends, including considerations for the impact from the outbreak of the COVID-19 pandemic. Our analysis incorporated an assumed period of cash flows of seven years with a terminal value.

•

Discount rate - The discount rate was based on an estimated weighted average cost of capital (“WACC”) for the reporting unit. The components of WACC are the cost of equity and the cost of debt, each of which requires judgment by management to estimate. We developed our cost of equity estimate based on perceived risks and predictability of future cash flows. The WACC used to estimate the fair values of the Schuh reporting unit was 16%.

The guideline company method involves analyzing transaction and financial data of publicly traded companies to develop multiples, which are adjusted to account for differences in growth prospects and risk profiles of the reporting unit and comparable companies.

Note 4

Goodwill and Other Intangible Assets, Continued

Other Intangible Assets

Trademark Valuation

In addition, as a result of the factors noted above, we evaluated the fair value of our trademarks during the first quarter of Fiscal 2021. The fair value of trademarks was determined based on the royalty savings approach. This analysis indicated trademark

impairment in our Journeys Group and Johnston & Murphy Group. As a result, we recorded a trademark impairment of $5.3 million in the first quarter of Fiscal 2021. This charge is included in asset impairment and other, net in the accompanying Consolidated Statements of Operations.

Key assumptions included in the estimation of the fair value for trademarks include the following:

•

Future cash flow assumptions - Future cash flow assumptions include retail sales from our retail store operations and ecommerce retail sales. Sales were based on organic growth and were derived from historical experience and assumptions regarding future growth, including considerations for the impact of the ongoing COVID-19 pandemic. Our analysis incorporated an assumed period of cash flows of five years with a terminal value.

•

Royalty rate - The royalty rate used to estimate the fair values of our reporting units’ trademarks was 1%.

•

Discount rate - The discount rate was based on an estimated WACC for each business. The components of WACC are the cost of equity and the cost of debt, each of which requires judgment by management to estimate. The WACC used to estimate the fair values of our reporting units’ trademarks was approximately 15%.

Other intangibles by major classes were as follows:


	Trademarks(1)				Customer Lists(2)						Other(3)						Total
(In thousands)	Jan. 29, 2022		Jan. 30, 2021		Jan. 29, 2022			Jan. 30, 2021			Jan. 29, 2022			Jan. 30, 2021			Jan. 29, 2022			Jan. 30, 2021
Gross other intangibles	$	25,935	$	26,443	$	6,586		$	6,617		$	400		$	400		$	32,921		$	33,460
Accumulated amortization		—		—		(2,666	)		(2,131	)		(400	)		(400	)		(3,066	)		(2,531	)
Other Intangibles, net	$	25,935	$	26,443	$	3,920		$	4,486		$	—		$	—		$	29,855		$	30,929

(1)

Includes a $22.6 million trademark at January 29, 2022 related to Schuh Group and $3.4 million related to Journeys Group.

(2)

Includes $5.1 million for the Togast acquisition.

(3)

Backlog for Togast.

The amortization of intangibles was $0.6 million, $0.9 million and $0.2 million for Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively. Currently, amortization of intangibles is expected to be $0.6 million for each of the next five years.

Asset Impairments and Other Charges

12 Months Ended

Jan. 29, 2022

Asset Impairment Charges [Abstract]

Asset Impairments and Other Charges

Note 5

Asset Impairments and Other Charges

Asset impairment charges are reflected as a reduction of the net carrying value of property and equipment and operating lease right of use assets, in asset impairment and other, net in the accompanying Consolidated Statements of Operations.

We recorded a pretax gain to earnings of $8.1 million in Fiscal 2022, including an $18.1 million gain on the sale of a distribution warehouse and a $0.6 million insurance gain, partially offset by $8.6 million for professional fees related to the actions of a shareholder activist and $2.0 million for retail store asset impairments.

We recorded a pretax charge to earnings of $18.7 million in Fiscal 2021, including $13.8 million for retail store asset impairments and $5.3 million for trademark impairment, partially offset by a $0.4 million gain for the release of an earnout related to the Togast acquisition.

We recorded a pretax charge to earnings of $13.4 million in Fiscal 2020, including $11.5 million pension settlement expense and $3.1 million for retail store asset impairments, partially offset by a $0.6 million gain on the sale of the Lids Sports Group headquarters building, a $0.4 million gain for lease terminations and a $0.2 million gain related to Hurricane Maria.

Inventories

12 Months Ended

Jan. 29, 2022

Inventory Disclosure [Abstract]

Inventories

Note 6

Inventories


(In thousands)	January 29, 2022		January 30, 2021
Wholesale finished goods	$	28,432	$	27,851
Retail merchandise		249,768		263,115
Total Inventories	$	278,200	$	290,966

Property and Equipment and Other Current Accrued Liabilities

12 Months Ended

Jan. 29, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property and Equipment and Other Current Accrued Liabilities

Note 7

Property and Equipment and Other Current Accrued Liabilities


(In thousands)	January 29, 2022			January 30, 2021
Land	$	7,233		$	7,451
Buildings and building equipment		73,962			74,617
Computer hardware, software and equipment		152,075			138,516
Furniture and fixtures		124,536			127,635
Construction in progress		42,903			14,422
Improvements to leased property		325,180			334,267
Property and equipment, at cost		725,889			696,908
Accumulated depreciation		(509,581	)		(489,066	)
Total Property and Equipment, net	$	216,308		$	207,842

Note 7

Property and Equipment and Other Current Accrued Liabilities, Continued


(In thousands)	January 29, 2022		January 30, 2021
Accrued employee compensation(1)	$	60,575	$	11,025
Accrued other taxes		17,631		15,578
Accrued income taxes		2,385		674
Provision for discontinued operations		491		527
Other accrued liabilities		53,074		51,187
Total Other Current Accrued Liabilities	$	134,156	$	78,991

(1) Includes accrual for performance-based incentive compensation of $48.1 million and $0.0 million as of January 29, 2022 and January 30, 2021, respectively.

Fair Value

12 Months Ended

Jan. 29, 2022

Fair Value Disclosures [Abstract]

Fair Value

The carrying amounts and fair values of our financial instruments at January 29, 2022 and January 30, 2021 are:


(In thousands)	January 29, 2022				January 30, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	15,679	$	15,679	$	32,986	$	33,612

Since our Credit Facility was amended on January 28, 2022, the carrying amount of our U.S. revolver borrowings as of January 29, 2022 approximates fair value.

Carrying amounts reported on our Consolidated Balance Sheets for cash, cash equivalents, receivables and accounts payable approximate fair value due to the short-term maturity of these instruments.

As of January 29, 2022, we have $11.4 million of investments held and used which were measured using Level 1 inputs within the fair value hierarchy.

- 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

Long-Term Debt

12 Months Ended

Jan. 30, 2021

Debt Disclosure [Abstract]

Long-Term Debt

Note 9

Long-Term Debt

Credit Facility

On January 28, 2022, we entered into a Third Amendment (the “Third Amendment”) to our Fourth Amended and Restated Credit Agreement dated as of January 31, 2018 between us, certain of our subsidiaries, the lenders party thereto and Bank of America, N.A. as agent (as amended, the “Credit Facility” or the “Credit Agreement”), to, among other things, (i) extend the maturity date to January 28, 2027, (ii) remove the first in-last out term loan that was in an amount equal to $17.5 million and (iii) add certain in-transit inventory to the borrowing base, subject to customary eligibility requirements. In addition, the Third Amendment makes conforming changes to replace LIBOR with the Secured Overnight Financing Rate ("SOFR"), the Sterling Overnight Index Average ("SONIA") and EURIBOR. The Total Commitments (as defined in the Credit Agreement) for the revolving loans remains at $332.5 million.

Note 9

Long-Term Debt, Continued

The Credit Facility continues to be secured by certain assets of the Company and certain subsidiaries of the Company, including accounts receivable, inventory, payment intangibles and deposit accounts. Equity interests, certain equipment, intellectual property and most leasehold interests are specifically excluded. The Credit Facility continues to provide for the borrowing base to include real estate as those assets are added or maintained as collateral and contains customary real estate covenants. The current outstanding long-term debt balance of $15.7 million bears interest at an average rate of 1.48% and matures January 28, 2027.

Deferred financing costs incurred of $1.2 million related to the amended Credit Facility were capitalized and are being amortized over the term of the new agreement. The remaining balance of deferred financing costs incurred related to the previous Credit Facility are being amortized over the term of the new agreement. These costs are included in other non-current assets on the Consolidated Balance Sheets.

The Credit Facility is a revolving credit facility in the aggregate principal amount of $332.5 million, including (i) for the Company and other borrowers formed in the U.S., a $70.0 million sublimit for the issuance of letters of credit and a domestic swingline subfacility of up to $45.0 million, (ii) for GCO Canada ULC, a revolving credit subfacility in an amount not to exceed $70.0 million, which includes a $5.0 million sublimit for the issuance of letters of credit and a swingline subfacility of up to $5.0 million, and (iii) for Genesco (UK) Limited, a revolving credit subfacility in an aggregate amount not to exceed $100.0 million, which includes a $10.0 million sublimit for the issuance of letters of credit and a swingline subfacility of up to $10.0 million. Any swingline loans and any letters of credit and borrowings under the Canadian and U.K. subfacilities will reduce the availability under the Credit Facility on a dollar for dollar basis. We have the option, from time to time, to increase the availability under the Credit Facility by an aggregate amount of up to $200.0 million subject to, among other things, the receipt of commitments for the increased amount. In connection with this increased facility, the Canadian revolving credit subfacility may be increased by no more than $15.0 million and the UK revolving credit subfacility may be increased by no more than $100.0 million. The aggregate amount of the loans made and letters of credit issued under the Credit Facility are limited to the lesser of the facility amount ($332.5 million or, if increased as described above, up to $532.5 million) or the "Borrowing Base", as defined in the Credit Agreement.

We are required to pay a commitment fee on the actual daily unused portions of the Credit Facility at a rate of 0.20% per annum.

The Credit Facility also permits us to incur senior debt in an amount up to the greater of $500.0 million or an amount that would not cause our ratio of consolidated total indebtedness to consolidated EBITDA to exceed 5.0:1.0 provided that certain terms and conditions are met.

In addition, the Credit Facility contains certain covenants that, among other things, restrict additional indebtedness, liens and encumbrances, loans and investments, acquisitions, dividends and other restricted payments, transactions with affiliates, asset dispositions, mergers and consolidations, prepayments or material amendments to certain material documents and other matters customarily restricted in such agreements.

The Credit Facility does not require us to comply with any financial covenants unless Excess Availability, as defined in the Credit Agreement, is less than the greater of $22.5 million or 10% of the loan cap. If and during such time as Excess Availability is less than the greater of $22.5 million or 10% of the loan cap, the Credit Facility requires us to have a fixed charge coverage ratio of not less than 1.0:1.0. Excess Availability was $165.3 million at January 29, 2022.

Note 9

Long-Term Debt, Continued

The Credit Facility contains customary events of default, which if any of them occurs, would permit or require the principal of and interest on the Credit Facility to be declared due and payable as applicable.

We were in compliance with all the relevant terms and conditions of the Credit Facility as of January 29, 2022.

U.K. Credit Agreement

On October 9, 2020, Schuh entered into a facility letter (the "Facility Letter") with Lloyds Bank (“Lloyds”) under the U.K.'s Coronavirus Large Business Interruption Loan Scheme pursuant to which Lloyds made available a revolving capital facility (the "RCF") of £19.0 million for the purpose of refinancing Schuh's existing indebtedness with Lloyds. The RCF expires in October 2023 and bears interest at 2.5% over the Bank of England Base Rate. The Facility Letter includes certain financial covenants tested against Schuh, which took effect in the second quarter of Fiscal 2022. Following certain customary events of default outlined in the Facility Letter, payment of outstanding amounts due under the RCF may be accelerated or the commitments may be terminated. The RCF is secured by charges over all of the assets of Schuh, and Schuh's subsidiary, Schuh (ROI) Limited. Pursuant to a Guarantee in favor of Lloyds in its capacity as security trustee, Genesco Inc. has guaranteed the obligations of Schuh under the Facility Letter and certain existing ancillary facilities on an unsecured basis.

We were in compliance with all the relevant terms and conditions of the Facility Letter as of January 29, 2022.


(In thousands)	January 29, 2022		January 30, 2021
U.S. Revolver borrowings	$	15,679	$	32,986
U.K. revolver borrowings		—		—
Total long-term debt		15,679		32,986
Current portion		—		—
Total Noncurrent Portion of Long-Term Debt	$	15,679	$	32,986

The revolver borrowings outstanding under the Credit Facility at January 29, 2022 included $15.7 million (£11.7 million) U.S. revolver borrowings. We had outstanding letters of credit of $9.6 million under the Credit Facility at January 29, 2022. These letters of credit support lease and insurance indemnifications.

Leases

12 Months Ended

Jan. 29, 2022

Leases [Abstract]

Leases

Note 10

Leases

We lease our office space and all of our retail store locations, transportation equipment and other equipment under various noncancelable operating leases. The leases have varying terms and expire at various dates through 2037. The store leases in the United States, Puerto Rico and Canada typically have initial terms of approximately 10 years. The store leases in the U.K. and the ROI typically have initial terms of between 10 and 15 years. Our lease portfolio includes leases with fixed base rental payments, rental payments based on a percentage of retail sales over contractual amounts and others with predetermined fixed escalations of the minimum rentals based on a defined consumer price index or percentage. Generally, most of the leases require us to pay taxes, insurance, maintenance costs and contingent rentals based on sales. We evaluate renewal options and break options at lease inception and on an ongoing basis, and include renewal options and break options that we are reasonably certain to exercise in our expected lease terms for calculations of our right-of-use assets and liabilities. Approximately 2% of our leases contain renewal options. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

On February 10, 2020, we announced plans for our new corporate headquarters in Nashville, Tennessee. We entered into a lease agreement, which was subsequently amended, for approximately 182,000 square feet of office space which will replace our current corporate headquarters office lease. The term of the lease is 15 years, with two options to extend for an additional period of five years each. The lease on our current Nashville office expires in April 2022. We are in discussions on a short-term lease extension for our current Nashville office to extend the lease through the end of June 2022 in order to complete the move to our new headquarters building.

Under ASC 842, for store, office and equipment leases beginning in Fiscal 2020 and later, we have elected to not separate fixed lease components and non-lease components. Accordingly, we include fixed rental payments, common area maintenance costs, promotional advertising costs and other fixed costs in our measurement of lease liabilities.

Our leases do not provide an implicit rate, so the incremental borrowing rate, based on the information available at commencement or modification date, is used in determining the present value of lease payments. The incremental borrowing rate represents an estimate of the interest rate we would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of a lease within a particular currency environment. For operating leases that commenced prior to the date of adoption of the new lease accounting guidance, we used the incremental borrowing rate that corresponded to the initial lease term as of the date of adoption.

Net lease costs are included within selling and administrative expenses on the Consolidated Statements of Operations. The table below presents the components of lease cost for operating leases for the years ended January 29, 2022 and January 30, 2021.


(In thousands)	Fiscal 2022			Fiscal 2021
Operating lease cost	$	174,127		$	160,973
Variable lease cost		21,540			9,562
Less: Sublease income		(246	)		(165	)
Net Lease Cost	$	195,421		$	170,370

Note 10

Leases, Continued

The following table reconciles the maturities of undiscounted cash flows to our operating lease liabilities recorded on the Consolidated Balance Sheets at January 29, 2022:


Fiscal Years	(In thousands)
2023	$	169,973
2024		142,451
2025		114,281
2026		93,827
2027		67,026
Thereafter		124,342
Total undiscounted future minimum lease payments		711,900
Less: Amounts representing interest		(94,934	)
Total Present Value of Operating Lease Liabilities	$	616,966

Our weighted-average remaining lease term and weighted-average discount rate for operating leases as of January 29, 2022 and January 30, 2021 are:


	January 29, 2022	January 30, 2021
Weighted-average remaining lease term (years)	5.8 years	5.5 years
Weighted-average discount rate	5.0%	5.1%

As of January 29, 2022, we have additional operating leases that have not yet commenced with estimated right of use liabilities of $10.9 million. These leases will commence in Fiscal 2023 with lease terms of 1 to 12 years.

Beginning in March 2020, we suspended rent payments under the leases for our temporarily closed stores and initiated discussions with landlords to obtain lease concessions. We have considered the FASB’s guidance regarding lease concessions as a result of the effects of the COVID-19 pandemic and have elected to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Topic 842 and Topic 840 as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract). Also, in accordance with the FASB’s guidance, we apply this election for concessions related to the effects of the COVID-19 pandemic that do not result in a substantial increase in our obligations or in the rights of the landlord. We continued to recognize contractual rent expense while lease concessions are under negotiation with the respective landlord. The rent concessions are recognized in the period when the amendment is executed. COVID-19 related lease concessions decreased our contractual rent expense by approximately $17 million and $34 million during Fiscal 2022 and Fiscal 2021, respectively. As of January 29, 2022 and January 30, 2021, we had an accrued liability for unpaid rent related to the closed stores of $2.1 million and $26.9 million, respectively.

Equity

12 Months Ended

Jan. 29, 2022

Equity [Abstract]

Equity

Note 11

Equity

Non-Redeemable Preferred Stock


			Number of Shares						Amounts in Thousands
			As of Fiscal Year End						As of Fiscal Year End
Class	Shares Authorized		2022		2021		2020		2022			2021			2020
Employees’ Subordinated Convertible Preferred		5,000,000		28,325		34,425		34,440	$	850		$	1,033		$	1,033
Stated Value of Issued Shares										850			1,033			1,033
Employees’ Preferred Stock Purchase Accounts										(23	)		(24	)		(24	)
Total Non-Redeemable Preferred Stock									$	827		$	1,009		$	1,009

Subordinated Serial Preferred Stock:

Our charter permits the Board of Directors to issue Subordinated Serial Preferred Stock (3,000,000 shares, in aggregate, are authorized) in as many series, each with as many shares and such rights and preferences as the Board may designate. We have shares authorized for $2.30 Series 1, $4.75 Series 3, $4.75 Series 4, Series 6 and $1.50 Subordinated Cumulative Preferred stocks in amounts of 64,368 shares, 40,449 shares, 53,764 shares, 800,000 shares and 5,000,000 shares, respectively. All of these preferred stocks were mandatorily redeemed by us in Fiscal 2014. As a result, there are no outstanding shares for any preferred issues of stock other than Employees' Subordinated Convertible Preferred stock shown in the table above.

Employees’ Subordinated Convertible Preferred Stock:

Stated and liquidation values are 88 times the average quarterly per share dividend paid on common stock for the previous eight quarters (if any), but in no event less than $30 per share. Each share of this issue of preferred stock is convertible into one share of common stock and has one vote per share.

Common Stock:

Common stock-$1 par value. Authorized: 80,000,000 shares; issued: January 29, 2022 – 14,256,408 shares; January 30, 2021 –15,438,338 shares. There were 488,464 shares held in treasury at January 29, 2022 and January 30, 2021. Each outstanding share is entitled to one vote. At January 29, 2022, common shares were reserved as follows: 28,325 shares for conversion of preferred stock and 850,847 shares for the 2020 Genesco Inc. Equity Incentive Plan (the "2020 Plan").

For the year ended January 29, 2022, 229,363 shares of common stock were issued as restricted shares as part of the 2020 Plan; 14,936 shares were issued to directors in exchange for their services; 64,535 shares were withheld for taxes on restricted stock vested in Fiscal 2022; 6,885 shares of restricted stock were forfeited in Fiscal 2022; and 6,100 shares were issued in miscellaneous conversions of Employees’ Subordinated Convertible Preferred Stock. In addition, the Company repurchased and retired 1,360,909 shares of common stock at an average weighted market price of $60.88 for a total of $82.8 million.

Note 11

Equity, Continued

For the year ended January 30, 2021, 428,362 shares of common stock were issued as restricted shares as part of the Second Amended and Restated 2009 Genesco Inc. Equity Incentive Plan (the "2009 Plan"); 38,723 shares were issued to directors in exchange for their services; 64,382 shares were withheld for taxes on restricted stock vested in Fiscal 2021; 150,050 shares of restricted stock were forfeited in Fiscal 2021; and 15 shares were issued in miscellaneous conversions of Employees’ Subordinated Convertible Preferred Stock. We did not repurchase any shares of common stock in Fiscal 2021.

For the year ended February 1, 2020, 270,173 shares of common stock were issued as restricted shares as part of the 2009 Plan; 25,368 shares were issued to directors in exchange for their services; 55,598 shares were withheld for taxes on restricted stock vested in Fiscal 2020; 77,013 shares of restricted stock were forfeited in Fiscal 2020; and 1,707 shares were issued in miscellaneous conversions of Employees’ Subordinated Convertible Preferred Stock. In addition, the Company repurchased and retired 4,570,015 shares of common stock at an average weighted market price of $41.44 for a total of $189.4 million.

Restrictions on Dividends and Redemptions of Capital Stock:

Our charter provides that no dividends may be paid and no shares of capital stock acquired for value if there are dividend or redemption arrearages on any senior or equally ranked stock. Exchanges of subordinated serial preferred stock for common stock or other stock junior to such exchanged stock are permitted.

- Definition

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

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+ Details

Income Taxes

12 Months Ended

Jan. 29, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Note 12

Income Taxes

The components of earnings from continuing operations before income taxes is comprised of the following:


	Fiscal Year
(In thousands)	2022		2021			2020
United States	$	130,517	$	(3,123	)	$	83,871
Foreign		22,474		(108,546	)		(1,436	)
Total Earnings (Loss) from Continuing Operations before Income Taxes	$	152,991	$	(111,669	)	$	82,435

Note 12

Income Taxes, Continued

Income tax expense from continuing operations is comprised of the following:


	Fiscal Year
(In thousands)	2022			2021			2020
Current
U.S. federal	$	49,354		$	(106,397	)	$	16,313
International		3,555			1,391			322
State		3,845			10,223			3,383
Total Current Income Tax Expense (Benefit)		56,754			(94,783	)		20,018
Deferred
U.S. federal		(22,542	)		48,511			(463	)
International		54			2,773			1,145
State		3,778			(12,142	)		(22	)
Total Deferred Income Tax Expense		(18,710	)		39,142			660
Total Income Tax Expense (Benefit) – Continuing Operations	$	38,044		$	(55,641	)	$	20,678

Reconciliation of the United States federal statutory rate to our effective tax rate from continuing operations is as follows:


	Fiscal Year
	2022			2021			2020
U. S. federal statutory rate of tax		21.00	%		21.00	%		21.00	%
State taxes (net of federal tax benefit)		3.94			1.35			3.62
Foreign rate differential		(0.11	)		(0.25	)		(2.21	)
Change in valuation allowance		1.58			(10.70	)		3.64
Credits		(0.55	)		0.44			(0.93	)
Permanent items		(0.05	)		(0.66	)		1.72
Uncertain federal, state and foreign tax positions		—			—			(2.01	)
CARES Act		—			41.53			—
Outside Basis Difference - IRC Section 165(g) 3		—			10.34			—
Goodwill Impairment		—			(13.50	)		—
Other		(0.94	)		0.28			0.25
Effective Tax Rate		24.87	%		49.83	%		25.08	%

Note 12

Income Taxes, Continued

We are subject to a tax on global intangible low-tax income (“GILTI”). GILTI taxes foreign income in excess of deemed return on tangible assets of a foreign corporation and we elected to treat this tax as a period cost. Because of tax losses in foreign jurisdictions, there was no liability for GILTI in any period.

Deferred tax assets and liabilities are comprised of the following:


(In thousands)	January 29, 2022			January 30, 2021
Pensions	$	553		$	229
Lease obligation		159,411			175,113
Book over tax depreciation		17,369			13,528
Expense accruals		11,965			10,388
Uniform capitalization costs		4,844			4,886
Provisions for discontinued operations and restructurings		596			650
Inventory valuation		394			2,242
Tax net operating loss and credit carryforwards		31,646			39,829
Allowances for bad debts and notes		863			888
Deferred compensation and restricted stock		2,736			2,945
Identified intangibles		1,409			1,586
Other		35			34
Gross deferred tax assets		231,821			252,318
Deferred tax asset valuation allowance		(42,195	)		(36,561	)
Deferred tax asset net of valuation allowance		189,626			215,757
Identified intangibles		(6,333	)		(4,677	)
Prepaids		(1,784	)		(1,765	)
Right of use asset		(150,554	)		(163,674	)
Tax over book depreciation		(30,421	)		(64,009	)
Other		(1,051	)		(1,120	)
Gross deferred tax liabilities		(190,143	)		(235,245	)
Net Deferred Tax Liabilities	$	(517	)	$	(19,488	)

We have an income tax receivable of $53.4 million included in prepaids and other current assets on the Consolidated Balance Sheets as of January 29, 2022.

The deferred tax balances have been classified in our Consolidated Balance Sheets as follows:


	As of Fiscal Year Ended
	2022			2021
Net non-current asset	$	1,466		$	-
Net non-current liability		(1,983	)		(19,488	)
Net Deferred Tax Assets	$	(517	)	$	(19,488	)

As of January 29, 2022 and January 30, 2021, we had state net operating loss carryforwards of $13.9 million and $22.4 million, respectively. We provided a valuation allowance against these attributes of $3.2 million as of both January 29, 2022 and January 30, 2021. The attributes expire in fiscal years 2023 through 2039.

As of January 29, 2022 and January 30, 2021, we had state tax credits of $0.5 million each year. These credits expire in fiscal years 2023 through 2026.

Note 12

Income Taxes, Continued

As of January 29, 2022 and January 30, 2021, we had foreign net operating loss carryforwards of $50.6 million and $57.6 million, respectively, which have a carryforward period at least 17 years.

As of January 29, 2022, we have provided a total valuation allowance of approximately $42.2 million on deferred tax assets associated primarily with foreign and state net operating losses for which management has determined it is more likely than not that the deferred tax assets will not be realized. The $5.6 million net increase in valuation allowance during Fiscal 2022 from the $36.6 million provided for as of January 30, 2021 relates primarily to foreign tax attributes. Management believes that it is more likely than not that the remaining deferred tax assets will be fully realized.

As of January 29, 2022, no deferred taxes have been provided on the accumulated undistributed earnings of our foreign operations beyond the amounts recorded for deemed repatriation of such earnings, as required in the Tax Cuts and Jobs Act (the "Act"). An actual repatriation of earnings from our foreign operations could still be subject to additional foreign withholding and U.S. state taxes. Based upon evaluation of our foreign operations, undistributed earnings are intended to remain permanently reinvested to finance anticipated future growth and expansion, and accordingly, deferred taxes have not been provided. If undistributed earnings of our foreign operations were not considered permanently reinvested as of January 29, 2022, an immaterial amount of additional deferred taxes would have been provided.

As of January 29, 2022, foreign tax credit carryforwards of approximately $4.1 million were available to reduce possible future U.S. income taxes and which expire from 2028 to 2031. As a result of the Act, we may no longer utilize certain U.S. foreign tax credit carryforwards. A valuation allowance of $3.9 million has been established against these credits.

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits.


	Fiscal Year
(In thousands)	2022		2021		2020
Unrecognized Tax Benefit – Beginning of Period	$	178	$	178	$	1,835
Gross Increases (Decreases) – Tax Positions in a Current Period		—		—		178
Settlements		—		—		(931	)
Lapse of Statutes of Limitations		—		—		(904	)
Unrecognized Tax Benefit – End of Period	$	178	$	178	$	178

The amount of unrecognized tax benefits as of January 29, 2022, January 30, 2021 and February 1, 2020 which would impact the annual effective rate if recognized were $0.2 million each year. The amount of unrecognized tax benefits may change during the next twelve months but we do not believe the change, if any, will be material to our consolidated financial position or results of operations.

We recognize interest expense and penalties related to the above unrecognized tax benefits within income tax expense on the Consolidated Statements of Operations and it was not material for Fiscal 2022, 2021 or 2020.

We file income tax returns in federal and in many state and local jurisdictions as well as foreign jurisdictions. With few exceptions, our state and local income tax returns for fiscal years ended January 31, 2019 and beyond remain subject to examination. In addition, we have subsidiaries in various foreign jurisdictions that have statutes of limitation generally ranging from two to six years. Our U.S. federal income tax returns for fiscal years ended January 31, 2019 and beyond remain subject to examination.

- Definition

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

+ References

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+ Details

Other Postretirement Benefit Plans

12 Months Ended

Jan. 29, 2022

Retirement Benefits [Abstract]

Other Postretirement Benefit Plans

We provide health care benefits for early retirees that meet certain age and years of service criteria and life insurance benefits for certain retirees. Under the health care plan, early retirees are eligible for benefits until age 65. Employees who met certain requirements are eligible for life insurance benefits. We accrue such benefits during the period in which the employee renders service.

Obligations and Funded Status

The measurement date of the assets and liabilities for postretirement medical and life insurance plans is the month-end date that is closest to our fiscal year end.

Change in Benefit Obligation


	Other Benefits
	As of Fiscal Year End
(In thousands)	2022			2021
Benefit obligation at beginning of year	$	5,606		$	7,025
Service cost		111			89
Interest cost		102			124
Plan participants’ contributions		143			134
Benefits paid		(874	)		(550	)
Actuarial (gain) loss		1,017			(1,216	)
Benefit Obligation at End of Year	$	6,105		$	5,606
Funded Status at End of Year	$	(6,105	)	$	(5,606	)

Amounts recognized in the Consolidated Balance Sheets consist of:


	Other Benefits
	As of Fiscal Year End
(In thousands)	2022			2021
Current liabilities	$	(676	)	$	(708	)
Noncurrent liabilities		(5,429	)		(4,898	)
Net Amount Recognized	$	(6,105	)	$	(5,606	)

Amounts recognized in accumulated other comprehensive loss consist of:


	Other Benefits
	As of Fiscal Year Ended
(In thousands)	2022		2021
Prior service cost	$	—	$	(322	)
Net loss		1,708		1,040
Total Recognized in Accumulated Other Comprehensive Loss	$	1,708	$	718

Note 13

Other Postretirement Benefit Plans, Continued

Components of Net Periodic Benefit Cost

Net Periodic Benefit Cost


	Other Benefits
	Fiscal Year
(In thousands)	2022			2021			2020
Service cost	$	111		$	89		$	89

Interest cost		102			124			151
Amortization:
Prior service cost		(322	)		(921	)		(921	)
Losses		348			128			22
Net amortization		26			(793	)		(899	)
Other components of net periodic benefit cost (income)	$	128		$	(669	)	$	(748	)
Net Periodic Benefit Cost (Income)	$	239		$	(580	)	$	(659	)

Reconciliation of Accumulated Other Comprehensive Income


	Other Benefits
(In thousands)	Fiscal 2022
Net (gain) loss	$	1,016
Amortization of prior service cost		322
Amortization of net actuarial loss		(348	)
Total Recognized in Other Comprehensive Income	$	990
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$	1,229

Weighted-average assumptions used to determine benefit obligations


	Other Benefits
	As of Fiscal Year End
	2022			2021
Discount rate		2.43	%		1.49	%
Rate of compensation increase	NA			NA

For Fiscal 2022 and 2021, the discount rate was based on a yield curve of high-quality corporate bonds with cash flows matching our planned expected benefit payments.

Weighted-average assumptions used to determine net periodic benefit costs


	Other Benefits
	Fiscal Year
		2022			2021			2020
Discount rate		2.43	%		1.49	%		3.48	%
Expected long-term rate of return on plan assets	NA			NA			NA
Rate of compensation increase	NA			NA			NA

Note 13

Other Postretirement Benefit Plans, Continued

Assumed health care cost trend rates


	As of Fiscal Year End
		2022		2021
Health care cost trend rate assumed for next year		6.25	%		6.25	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.50	%		5.75	%
Year that the rate reaches the ultimate trend rate	2025			2023

Estimated Future Benefit Payments

Expected benefit payments for other postretirement benefits, paid from the employee benefit trust, are as follows:


Estimated future payments	Other Benefits ($ in millions)
2022	$	0.7
2023		0.6
2024		0.6
2025		0.6
2026		0.5
2027 – 2031		2.4

Section 401(k) Savings Plan

We have a Section 401(k) Savings Plan available to all employees, including retail employees who have completed 500 hours of service within the first six months of employment, and are age 18 or older.

Since January 1, 2005, we have matched 100% of each employee’s contribution of up to 3% of salary and 50% of the next 2% of salary. In addition, for those employees hired before December 31, 2004, who were eligible for our cash balance retirement plan before it was frozen, we annually make an additional contribution of 2 1/2 % of salary to each employee’s account. Participants are immediately vested in their contributions and our matching contribution plus actual earnings thereon. Our contribution expense for the matching program was approximately $5.9 million for Fiscal 2022, $2.9 million for Fiscal 2021 and $5.3 million for Fiscal 2020. As a result of the COVID-19 pandemic, we suspended our match of employee contributions as of May 1, 2020. The match was reinstated on January 1, 2021.

- Definition

The entire disclosure for retirement benefits.

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-Paragraph 1
-Subparagraph (r)(2)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Earnings Per Share

12 Months Ended

Jan. 29, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Note 14

Earnings Per Share

Basic earnings per share excludes dilution and is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities to issue common stock were exercised or converted to common stock.

Note 14

Earnings Per Share, Continued

Weighted-average number of shares used for earnings per share is as follows:


	Fiscal Year
(Shares in thousands)	2022		2021		2020
Weighted-average number of shares - basic		14,170		14,216		15,544
Common stock equivalents		339		0		127
Weighted-average number of shares - diluted		14,509		14,216		15,671

Common stock equivalents are excluded in Fiscal 2021 due to the loss from continuing operations.

We repurchased 1,360,909 shares during Fiscal 2022 at a cost of $82.8 million or an average of $60.88 per share. We accrued $4.8 million for share repurchases as of January 29, 2022 which is included in other accrued liabilities on the Consolidated Balance Sheets. We were operating under a $100.0 million repurchase authorization from September 2019. In February 2022, we announced a $100.0 million increase to the existing $100.0 million share repurchase authorization. As of March 23, 2022, we have $100.3 million remaining under the expanded share repurchase authorization. We did not repurchase any shares in Fiscal 2021. We repurchased 4,570,015 shares during Fiscal 2020 at a cost of $189.4 million or an average of $41.44 per share.

Share-Based Compensation Plans

12 Months Ended

Jan. 29, 2022

Share-based Payment Arrangement [Abstract]

Share-Based Compensation Plans

Note 15

Share-Based Compensation Plans

We have share-based compensation covering certain members of management and non-employee directors. The fair value of employee restricted stock is determined based on the closing price of our stock on the date of grant. Forfeitures for restricted stock are recognized as they occur.

Stock and Cash Incentive Plans

Under the 2020 Plan, which became effective June 25, 2020, we may grant options, restricted shares, performance awards and other stock-based awards to our key employees, non-employee directors and consultants for up to 1.8 million shares of common stock. The 2020 Plan replaced our Second Amended and Restated 2009 Equity Incentive Plan (the “2009 Plan”). There will be no future awards under the 2009 Plan. Under both plans, the exercise price of each option equals the market price of our stock on the date of grant, and an option’s maximum term is 10 years. Options granted under the plan primarily vest 25% per year over four years. Restricted share grants deplete the shares available for future grants at a ratio of 2.0 shares per restricted share grant.

In addition, we established the 2020 Restricted Cash Incentive Program (the “Program”) in Fiscal 2021 to attract and retain executive officers and key employees. Total cash of $2.7 million was granted in June 2020 under this Program. Cash granted under the Program will primarily vest 25% per year over four years. Only employees that were employed as of the grant date were eligible for the Program. The compensation paid under the Program is taxable and subject to applicable tax withholding requirements. Compensation expense recognized in selling and administrative expenses in the accompanying Consolidated Statements of Operations, for this cash grant was $0.7 million and $0.4 million for Fiscal 2022 and Fiscal 2021, respectively.

Note 15

Share-Based Compensation Plans, Continued

On February 5, 2020, our chief executive officer was issued a one-time grant of stock options under the 2009 Plan of 26,620 shares with a grant date fair value of $500,000. The fair value of the one-time stock option is recognized as compensation expense ratably over the vesting period. We estimated the fair value of the stock option award as of the date of the grant by applying a Black-Scholes pricing valuation model. The application of this valuation model involves assumptions that are judgmental and highly sensitive in the determination of compensation expense. The key assumptions used in determining the fair value of the stock option award granted during Fiscal 2021 were expected price volatility of 45.0%, a risk-free rate of 1.52% and a weighted average term of 6.25 years. This resulted in a fair value of $18.78 per share for this one-time stock option.

We recognized $0.1 million of stock option related share-based compensation in both Fiscal 2022 and Fiscal 2021 in selling and administrative expenses in the accompanying Consolidated Statements of Operations. As of January 29, 2022, there was $0.3 million of unrecognized compensation expense related to these stock options under the 2009 Plan. For Fiscal 2020, we did not recognize any stock option related share-based compensation for our stock incentive plans as all such amounts were fully recognized in earlier periods. We did not capitalize any share-based compensation expense.

Restricted Stock Incentive Plans

Director Restricted Stock

The 2020 Plan permits grants to non-employee directors on such terms as the Board of Directors may approve. Restricted stock awards were made to independent directors on the date of the annual meeting of shareholders in each of Fiscal 2022, 2021 and 2020. The shares granted in each award vested on the earlier of the first anniversary of the grant date and the date of the next annual meeting of shareholders, subject to the director's continued service through that date. For awards made prior to Fiscal 2021, the director is restricted from selling, transferring, pledging or assigning the shares for three years from the grant date unless he or she earlier leaves the Board.

The grants for Fiscal 2022 were valued at $107,500, per director, and the grants for Fiscal 2021 and Fiscal 2020 were valued at $91,375 for each year, per director. In addition, we issued 504 shares to three newly elected directors in Fiscal 2022. For Fiscal 2022, 2021 and 2020, we issued 14,936 shares, 28,266 shares and 14,455 shares, respectively, of director restricted stock.

In addition, the 2009 Plan permitted an outside director to elect irrevocably to receive all or a specified portion of his or her annual retainers for Board membership and any committee chairmanship for the following fiscal year in a number of shares of restricted stock (the "Retainer Stock"). Shares of the Retainer Stock were granted as of the first business day of the fiscal year as to which the election was effective, subject to forfeiture to the extent not earned upon the outside director's ceasing to serve as a director or committee chairman during such fiscal year. Once the shares were earned, the director is restricted from selling, transferring, pledging or assigning the shares for an additional three years. The 2020 Plan does not permit the issuance of retainer stock. For Fiscal 2021 and 2020, we issued 10,457 shares and 10,913 shares, respectively, of Retainer Stock. Director retainer fees were reduced during Fiscal 2021 primarily related to the COVID-19 pandemic. In connection with the fee reduction, 2,965 shares of Retainer Stock were forfeited during Fiscal 2021.

We recognized $0.7 million, $0.9 million and $1.3 million of director restricted stock related share-based compensation in Fiscal 2022, 2021 and 2020 in selling and administrative expenses in the accompanying Consolidated Statements of Operations.

Note 15

Share-Based Compensation Plans, Continued

Employee Restricted Stock

Under the 2020 Plan, we issued 228,444 shares of employee restricted stock in Fiscal 2022. Under the 2009 Plan, we issued 427,741 shares and 269,816 shares of employee restricted stock in Fiscal 2021 and 2020, respectively. Shares of employee restricted stock issued in Fiscal 2022, 2021 and 2020 primarily vest 25% per year over four years, provided that on such date the grantee has remained continuously employed by the Company since the date of grant. In addition, we issued 919, 621 and 1,800 restricted stock units in Fiscal 2022, 2021 and 2020, respectively, to certain employees at no cost that vest over three years. The fair value of employee restricted stock is charged against income as compensation expense over the vesting period. Compensation expense recognized in selling and administrative expenses in the accompanying Consolidated Statements of Operations for these shares was $8.3 million, $7.4 million and $8.8 million for Fiscal 2022, 2021 and 2020, respectively.

A summary of the status of our nonvested shares of our employee restricted stock as of January 29, 2022 is presented below:


Nonvested Restricted Shares	Shares			Weighted- Average Grant-Date Fair Value
Nonvested at February 2, 2019		591,338		$	42.99
Granted		269,816			42.48
Vested		(138,765	)		47.56
Withheld for federal taxes		(55,598	)		46.51
Forfeited		(77,013	)		42.19
Nonvested at February 1, 2020		589,778			41.46
Granted		427,741			19.62
Vested		(139,962	)		50.35
Withheld for federal taxes		(64,382	)		50.29
Forfeited		(147,085	)		36.62
Nonvested at January 30, 2021		666,090			27.98
Granted		228,444			63.40
Vested		(162,205	)		30.47
Withheld for federal taxes		(64,535	)		30.36
Forfeited		(6,885	)		34.89
Nonvested at January 29, 2022		660,909		$	39.46

As of January 29, 2022, we had $20.6 million of total unrecognized compensation expense related to nonvested share-based compensation arrangements for restricted stock discussed above. That cost is expected to be recognized over a weighted average period of 1.81 years.

Legal Proceedings

12 Months Ended

Jan. 29, 2022

Commitments and Contingencies Disclosure [Abstract]

Legal Proceedings

Note 16

Legal Proceedings

Environmental Matters

The Company has legacy obligations including environmental monitoring and reporting costs related to: (i) a 2016 Consent Judgment entered into with the United States Environmental Protection Agency involving the site of a knitting mill operated by a former subsidiary of ours from 1965 to 1969 in Garden City, New York; and (ii) a 2010 Consent Decree with the Michigan Department of Natural Resources and Environment relating to our former Volunteer Leather Company facility in Whitehall, Michigan. We do not expect that future obligations related to either of these sites will have a material effect on our financial condition or results of operations.

Accrual for Environmental Contingencies

Related to all outstanding environmental contingencies, we had accrued $1.4 million as of January 29, 2022, $1.5 million as of January 30, 2021 and $1.5 million as of February 1, 2020. All such provisions reflect our estimates of the most likely cost (undiscounted, including both current and noncurrent portions) of resolving the contingencies, based on facts and circumstances as of the time they were made. There is no assurance that relevant facts and circumstances will not change, necessitating future changes to the provisions. Such contingent liabilities are included in the liability arising from provision for discontinued operations on the accompanying Consolidated Balance Sheets because it relates to former facilities operated by us. We have made pretax accruals for certain of these contingencies, including approximately $0.2 million in Fiscal 2022, $0.3 million in Fiscal 2021 and $0.4 million in Fiscal 2020. These charges are included in loss from discontinued operations, net in the Consolidated Statements of Operations and represent changes in estimates.

Guarantee Related to Discontinued Operations

As part of the Lids Sports Group sales transaction, the purchaser has agreed to indemnify and hold us harmless in connection with continuing obligations and any guarantees of ours in place as of February 2, 2019 in respect of post-closing or assumed liabilities or obligations of the Lids Sports Group business. The purchaser has agreed to use commercially reasonable efforts to have any guarantees by, or continuing obligations of, the Company released. However, we are contingently liable in the event of a breach by the purchaser of any such obligation to a third-party. In addition, we are a guarantor for nine Lids Sports Group leases with lease expirations through May of 2025 and estimated maximum future payments totaling $9.6 million as of January 29, 2022. We do not believe the fair value of the guarantees is material to our Consolidated Financial Statements.

In addition to the matters specifically described in this Note, we are a party to other legal and regulatory proceedings and claims arising in the ordinary course of our business. While management does not believe that our liability with respect to any of these other matters is likely to have a material effect on our financial statements, legal proceedings are subject to inherent uncertainties and unfavorable rulings could have a material adverse impact on our financial statements.

Business Segment Information

12 Months Ended

Jan. 29, 2022

Segment Reporting [Abstract]

Business Segment Information

Note 17

Business Segment Information

The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

Our reportable segments are based on management's organization of the segments in order to make operating decisions and assess performance along types of products sold. Journeys Group and Schuh Group sell primarily branded products from other companies while Johnston & Murphy Group and Licensed Brands sell primarily our owned and licensed brands.

Corporate assets include cash, domestic prepaid rent expense, prepaid income taxes, deferred income taxes, deferred note expense on revolver debt, corporate fixed assets, corporate operating lease right of use assets and miscellaneous investments. We do not allocate certain costs to each segment in order to make decisions and assess performance. These costs include corporate overhead, bank fees, interest expense, interest income, goodwill impairment, asset impairment charges and other, including a gain on the sale of a distribution warehouse, a pension settlement charge, major litigation and major lease terminations.


Fiscal 2022
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	1,576,475	$	423,560	$	252,855	$	170,619		$	—		$	2,423,509
Intercompany sales		—		—		—		(1,425	)		—			(1,425	)
Net sales to external customers	$	1,576,475	$	423,560	$	252,855	$	169,194		$	—		$	2,422,084
Segment operating income (loss)	$	165,336	$	19,257	$	7,029	$	6,583		$	(50,694	)	$	147,511
Asset impairments and other(1)		—		—		—		—			8,056			8,056
Operating income		165,336		19,257		7,029		6,583			(42,638	)		155,567
Other components of net periodic benefit cost		—		—		—		—			(128	)		(128	)
Interest expense,net		—		—		—		—			(2,448	)		(2,448	)
Earnings from continuing operations before income taxes	$	165,336	$	19,257	$	7,029	$	6,583		$	(45,214	)	$	152,991
Total assets at fiscal year end(2)	$	678,680	$	207,495	$	128,187	$	67,658		$	480,079		$	1,562,099
Depreciation and amortization		28,903		6,942		4,612		1,081			1,431			42,969
Capital expenditures		22,438		3,062		4,647		1,071			22,687			53,905

(1)

Asset impairments and other includes an $18.1 million gain on the sale of a distribution warehouse and a $0.6 million insurance gain, partially offset by $8.6 million for professional fees related to the actions of a shareholder activist and a $2.0 million charge for retail store asset impairments, of which $1.0 million is in the Journeys Group, $0.8 million is in the Schuh Group and $0.2 million is in the Johnston & Murphy Group.

(2)

Of our $760.1 million of long-lived assets, $113.9 million and $26.0 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 17

Business Segment Information, Continued


Fiscal 2021
(In thousands)	Journeys Group		Schuh Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
Sales	$	1,227,954	$	305,941		$	152,941		$	101,287		$	—		$	1,788,123
Intercompany sales		—		—			—			(1,593	)		—			(1,593	)
Net sales to external customers	$	1,227,954	$	305,941		$	152,941		$	99,694		$	—		$	1,786,530
Segment operating income (loss)	$	76,896	$	(11,602	)	$	(47,624	)	$	(5,430	)	$	(21,548	)	$	(9,308	)
Goodwill impairment (1)		—		—			—			—			(79,259	)		(79,259	)
Asset impairments and other(2)		—		—			—			—			(18,682	)		(18,682	)
Operating income (loss)		76,896		(11,602	)		(47,624	)		(5,430	)		(119,489	)		(107,249	)
Other components of net periodic benefit income		—		—			—			—			670			670
Interest expense, net		—		—			—			—			(5,090	)		(5,090	)
Earnings (loss) from continuing operations before income taxes	$	76,896	$	(11,602	)	$	(47,624	)	$	(5,430	)	$	(123,909	)	$	(111,669	)
Total assets at fiscal year end(3)	$	767,535	$	232,681		$	159,027		$	58,320		$	369,805		$	1,587,368
Depreciation and amortization		29,326		8,885			5,487			1,317			1,484			46,499
Capital expenditures		16,188		2,794			4,064			356			728			24,130

(1)

Goodwill impairment of $79.3 million is related to Schuh Group.

(2)

Asset impairments and other includes a $13.8 million charge for retail store asset impairments, of which $7.0 million is in the Johnston & Murphy Group, $4.1 million is in the Journeys Group and $2.7 million is in the Schuh Group, and a $5.3 million charge for trademark impairment, partially offset by a $0.4 million gain for the release of an earnout related to the Togast acquisition.

(3)

Of our $829.6 million of long-lived assets, $140.9 million and $35.1 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 17

Business Segment Information, Continued


Fiscal 2020
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	1,460,253	$	373,930	$	300,850	$	61,859		$	174		$	2,197,066
Intercompany sales		—		—		—		—			—			—
Net sales to external customers	$	1,460,253	$	373,930	$	300,850	$	61,859		$	174		$	2,197,066
Segment operating income (loss)	$	114,945	$	4,659	$	17,702	$	(698	)	$	(39,916	)	$	96,692
Asset impairments and other(1)		—		—		—		—			(13,374	)		(13,374	)
Operating income		114,945		4,659		17,702		(698	)		(53,290	)		83,318
Other components of net periodic benefit income		—		—		—		—			395			395
Interest expense, net		—		—		—		—			(1,278	)		(1,278	)
Earnings from continuing operations before income taxes	$	114,945	$	4,659	$	17,702	$	(698	)	$	(54,173	)	$	82,435
Total assets at fiscal year end(2)	$	908,312	$	363,205	$	197,670	$	63,385		$	147,906		$	1,680,478
Depreciation and amortization		29,122		11,466		6,091		660			2,235			49,574
Capital expenditures		17,920		4,890		5,540		428			989			29,767

(1)

Asset impairments and other includes an $11.5 million pension settlement expense and a $3.1 million charge for retail store asset impairments, of which $1.2 million is in the Johnston & Murphy Group, $1.2 million is in the Schuh Group and $0.7 million is in the Journeys Group, partially offset by a $0.6 million gain on the sale of the Lids Sport Group headquarters building, a $0.4 million gain for lease terminations and a $0.2 million gain related to Hurricane Maria.

(2)

Of our $973.4 million of long-lived assets, $174.4 million and $46.2 million relate to long-lived assets in the U.K. and Canada, respectively.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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+ Details

Valuation and Qualifying Accounts

12 Months Ended

Jan. 29, 2022

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

Year Ended January 29, 2022


(In thousands)	Beginning Balance		Charged to Profit and Loss		Reductions			Ending Balance
Allowances deducted from assets in the balance sheet:
Accounts Receivable Allowances	$	5,015	$	19	$	(378	)	$	4,656
Markdown Allowance (1)	$	14,951	$	—	$	(11,792	)	$	3,159

Year Ended January 30, 2021


(In thousands)	Beginning Balance		Charged to Profit and Loss		Reductions			Ending Balance
Allowances deducted from assets in the balance sheet:
Accounts Receivable Allowances	$	2,940	$	2,606	$	(531	)	$	5,015
Markdown Allowance (1)	$	5,559	$	11,080	$	(1,688	)	$	14,951

Year Ended February 1, 2020


(In thousands)	Beginning Balance		Charged to Profit and Loss		Reductions			Ending Balance
Allowances deducted from assets in the balance sheet:
Accounts Receivable Allowances	$	2,894	$	133	$	(87	)	$	2,940
Markdown Allowance (1)	$	7,019	$	1,579	$	(3,039	)	$	5,559

(1)

Reflects adjustment of merchandise inventories to realizable value. Charged to Profit and Loss column represents increases to the allowance and the Reductions column represents decreases to the allowance based on quarterly assessments of the allowance.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Nature of Operations

Principles of Consolidation

All subsidiaries are consolidated in our Consolidated Financial Statements. All significant intercompany transactions and accounts have been eliminated.

Fiscal Year

Use of Estimates

Cash and Cash Equivalents

Note 1

Summary of Significant Accounting Policies, Continued

There were no cash equivalents at January 29, 2022 or January 30, 2021.

Concentration of Credit Risk and Allowances on Accounts Receivable

Inventory Valuation

Property and Equipment


Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Depreciation expense related to property and equipment was approximately $42.4 million, $45.6 million and $49.4 million for Fiscal 2022, 2021 and 2020, respectively.

Leases

Net lease costs are included within selling and administrative expenses on the Consolidated Statements of Operations.

Asset Retirement Obligation

Asset Retirement Obligations

Our Consolidated Balance Sheets include asset retirement obligations related to leases of $11.5 million as of both January 29, 2022 and January 30, 2021.

Impairment of Long-Lived Assets

Fair Value

Note 1

Summary of Significant Accounting Policies, Continued

Level 1 - Quoted prices in active markets for identical assets or liabilities.

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.

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

Revenue Recognition

Cost of Sales

For our wholesale operations, the cost of sales includes the actual product cost and the cost of transportation to the Company’s warehouses from suppliers.

Selling and Administrative Expenses

Shipping and Handling Costs

Advertising Costs and Cooperative Advertising

Advertising Costs

Advertising costs are predominantly expensed as incurred. Advertising costs were $106.4 million, $80.1 million and $72.3 million for Fiscal 2022, 2021 and 2020, respectively.

Cooperative Advertising

Consideration to Resellers

Vendor Allowances

Foreign Currency Translation

Commitments

New Accounting Pronouncements

New Accounting Pronouncements Recently Adopted

New Accounting Pronouncements Not Yet Adopted

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Useful Lives of Property and Equipment

Depreciation and amortization expense are computed principally by the straight-line method over the following estimated useful lives:


Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jan. 29, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment were as follows:


(In thousands)	Journeys Group		Licensed Brands Group		Total Goodwill
Balance, January 30, 2021	$	10,082	$	28,468	$	38,550
Effect of foreign currency exchange rates		5		1		6
Balance, January 29, 2022	$	10,087	$	28,469	$	38,556

Summary of Other Intangible Assets

Other intangibles by major classes were as follows:


	Trademarks(1)				Customer Lists(2)						Other(3)						Total
(In thousands)	Jan. 29, 2022		Jan. 30, 2021		Jan. 29, 2022			Jan. 30, 2021			Jan. 29, 2022			Jan. 30, 2021			Jan. 29, 2022			Jan. 30, 2021
Gross other intangibles	$	25,935	$	26,443	$	6,586		$	6,617		$	400		$	400		$	32,921		$	33,460
Accumulated amortization		—		—		(2,666	)		(2,131	)		(400	)		(400	)		(3,066	)		(2,531	)
Other Intangibles, net	$	25,935	$	26,443	$	3,920		$	4,486		$	—		$	—		$	29,855		$	30,929

(1)

Includes a $22.6 million trademark at January 29, 2022 related to Schuh Group and $3.4 million related to Journeys Group.

(2)

Includes $5.1 million for the Togast acquisition.

(3)

Backlog for Togast.

Inventories (Tables)

12 Months Ended

Jan. 29, 2022

Inventory Disclosure [Abstract]

Schedule of Inventories


(In thousands)	January 29, 2022		January 30, 2021
Wholesale finished goods	$	28,432	$	27,851
Retail merchandise		249,768		263,115
Total Inventories	$	278,200	$	290,966

Property and Equipment and Other Current Accrued Liabilities (Tables)

12 Months Ended

Jan. 29, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property and Equipment, Net


(In thousands)	January 29, 2022			January 30, 2021
Land	$	7,233		$	7,451
Buildings and building equipment		73,962			74,617
Computer hardware, software and equipment		152,075			138,516
Furniture and fixtures		124,536			127,635
Construction in progress		42,903			14,422
Improvements to leased property		325,180			334,267
Property and equipment, at cost		725,889			696,908
Accumulated depreciation		(509,581	)		(489,066	)
Total Property and Equipment, net	$	216,308		$	207,842

Schedule of Other Accrued Liabilities


(In thousands)	January 29, 2022		January 30, 2021
Accrued employee compensation(1)	$	60,575	$	11,025
Accrued other taxes		17,631		15,578
Accrued income taxes		2,385		674
Provision for discontinued operations		491		527
Other accrued liabilities		53,074		51,187
Total Other Current Accrued Liabilities	$	134,156	$	78,991

(1) Includes accrual for performance-based incentive compensation of $48.1 million and $0.0 million as of January 29, 2022 and January 30, 2021, respectively.

Fair Value (Tables)

12 Months Ended

Jan. 29, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Values of Financial Instruments

The carrying amounts and fair values of our financial instruments at January 29, 2022 and January 30, 2021 are:


(In thousands)	January 29, 2022				January 30, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	15,679	$	15,679	$	32,986	$	33,612

Long-Term Debt (Tables)

12 Months Ended

Jan. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt


(In thousands)	January 29, 2022		January 30, 2021
U.S. Revolver borrowings	$	15,679	$	32,986
U.K. revolver borrowings		—		—
Total long-term debt		15,679		32,986
Current portion		—		—
Total Noncurrent Portion of Long-Term Debt	$	15,679	$	32,986

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 235
-SubTopic 10
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-Subparagraph (SX 210.12-04(a))
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Leases (Tables)

12 Months Ended

Jan. 29, 2022

Leases [Abstract]

Components of Lease Cost

The table below presents the components of lease cost for operating leases for the years ended January 29, 2022 and January 30, 2021.


(In thousands)	Fiscal 2022			Fiscal 2021
Operating lease cost	$	174,127		$	160,973
Variable lease cost		21,540			9,562
Less: Sublease income		(246	)		(165	)
Net Lease Cost	$	195,421		$	170,370

Schedule of Lease Maturity Under Topic 842

The following table reconciles the maturities of undiscounted cash flows to our operating lease liabilities recorded on the Consolidated Balance Sheets at January 29, 2022:


Fiscal Years	(In thousands)
2023	$	169,973
2024		142,451
2025		114,281
2026		93,827
2027		67,026
Thereafter		124,342
Total undiscounted future minimum lease payments		711,900
Less: Amounts representing interest		(94,934	)
Total Present Value of Operating Lease Liabilities	$	616,966

Supplemental Information Related to Operating Leases

Our weighted-average remaining lease term and weighted-average discount rate for operating leases as of January 29, 2022 and January 30, 2021 are:


	January 29, 2022	January 30, 2021
Weighted-average remaining lease term (years)	5.8 years	5.5 years
Weighted-average discount rate	5.0%	5.1%

Equity (Tables)

12 Months Ended

Jan. 29, 2022

Equity [Abstract]

Summary of Non-Redeemable Preferred Stock

Non-Redeemable Preferred Stock


			Number of Shares						Amounts in Thousands
			As of Fiscal Year End						As of Fiscal Year End
Class	Shares Authorized		2022		2021		2020		2022			2021			2020
Employees’ Subordinated Convertible Preferred		5,000,000		28,325		34,425		34,440	$	850		$	1,033		$	1,033
Stated Value of Issued Shares										850			1,033			1,033
Employees’ Preferred Stock Purchase Accounts										(23	)		(24	)		(24	)
Total Non-Redeemable Preferred Stock									$	827		$	1,009		$	1,009

Income Taxes (Tables)

12 Months Ended

Jan. 29, 2022

Income Tax Disclosure [Abstract]

Components of Earnings from Continuing Operations Before Income Taxes

The components of earnings from continuing operations before income taxes is comprised of the following:


	Fiscal Year
(In thousands)	2022		2021			2020
United States	$	130,517	$	(3,123	)	$	83,871
Foreign		22,474		(108,546	)		(1,436	)
Total Earnings (Loss) from Continuing Operations before Income Taxes	$	152,991	$	(111,669	)	$	82,435

Income Tax Expense

Income tax expense from continuing operations is comprised of the following:


	Fiscal Year
(In thousands)	2022			2021			2020
Current
U.S. federal	$	49,354		$	(106,397	)	$	16,313
International		3,555			1,391			322
State		3,845			10,223			3,383
Total Current Income Tax Expense (Benefit)		56,754			(94,783	)		20,018
Deferred
U.S. federal		(22,542	)		48,511			(463	)
International		54			2,773			1,145
State		3,778			(12,142	)		(22	)
Total Deferred Income Tax Expense		(18,710	)		39,142			660
Total Income Tax Expense (Benefit) – Continuing Operations	$	38,044		$	(55,641	)	$	20,678

Reconciliation of Federal Statutory Rate

Reconciliation of the United States federal statutory rate to our effective tax rate from continuing operations is as follows:


	Fiscal Year
	2022			2021			2020
U. S. federal statutory rate of tax		21.00	%		21.00	%		21.00	%
State taxes (net of federal tax benefit)		3.94			1.35			3.62
Foreign rate differential		(0.11	)		(0.25	)		(2.21	)
Change in valuation allowance		1.58			(10.70	)		3.64
Credits		(0.55	)		0.44			(0.93	)
Permanent items		(0.05	)		(0.66	)		1.72
Uncertain federal, state and foreign tax positions		—			—			(2.01	)
CARES Act		—			41.53			—
Outside Basis Difference - IRC Section 165(g) 3		—			10.34			—
Goodwill Impairment		—			(13.50	)		—
Other		(0.94	)		0.28			0.25
Effective Tax Rate		24.87	%		49.83	%		25.08	%

Note 12

Income Taxes, Continued

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are comprised of the following:


(In thousands)	January 29, 2022			January 30, 2021
Pensions	$	553		$	229
Lease obligation		159,411			175,113
Book over tax depreciation		17,369			13,528
Expense accruals		11,965			10,388
Uniform capitalization costs		4,844			4,886
Provisions for discontinued operations and restructurings		596			650
Inventory valuation		394			2,242
Tax net operating loss and credit carryforwards		31,646			39,829
Allowances for bad debts and notes		863			888
Deferred compensation and restricted stock		2,736			2,945
Identified intangibles		1,409			1,586
Other		35			34
Gross deferred tax assets		231,821			252,318
Deferred tax asset valuation allowance		(42,195	)		(36,561	)
Deferred tax asset net of valuation allowance		189,626			215,757
Identified intangibles		(6,333	)		(4,677	)
Prepaids		(1,784	)		(1,765	)
Right of use asset		(150,554	)		(163,674	)
Tax over book depreciation		(30,421	)		(64,009	)
Other		(1,051	)		(1,120	)
Gross deferred tax liabilities		(190,143	)		(235,245	)
Net Deferred Tax Liabilities	$	(517	)	$	(19,488	)

Deferred Tax Balances

The deferred tax balances have been classified in our Consolidated Balance Sheets as follows:


	As of Fiscal Year Ended
	2022			2021
Net non-current asset	$	1,466		$	-
Net non-current liability		(1,983	)		(19,488	)
Net Deferred Tax Assets	$	(517	)	$	(19,488	)

Reconciliation of Total Amounts of Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits.


	Fiscal Year
(In thousands)	2022		2021		2020
Unrecognized Tax Benefit – Beginning of Period	$	178	$	178	$	1,835
Gross Increases (Decreases) – Tax Positions in a Current Period		—		—		178
Settlements		—		—		(931	)
Lapse of Statutes of Limitations		—		—		(904	)
Unrecognized Tax Benefit – End of Period	$	178	$	178	$	178

Other Postretirement Benefit Plans (Tables)

12 Months Ended

Jan. 29, 2022

Retirement Benefits [Abstract]

Obligations and funded status

Obligations and Funded Status

The measurement date of the assets and liabilities for postretirement medical and life insurance plans is the month-end date that is closest to our fiscal year end.

Change in Benefit Obligation


	Other Benefits
	As of Fiscal Year End
(In thousands)	2022			2021
Benefit obligation at beginning of year	$	5,606		$	7,025
Service cost		111			89
Interest cost		102			124
Plan participants’ contributions		143			134
Benefits paid		(874	)		(550	)
Actuarial (gain) loss		1,017			(1,216	)
Benefit Obligation at End of Year	$	6,105		$	5,606
Funded Status at End of Year	$	(6,105	)	$	(5,606	)

Amounts recognized in the consolidated balance sheets

Amounts recognized in the Consolidated Balance Sheets consist of:


	Other Benefits
	As of Fiscal Year End
(In thousands)	2022			2021
Current liabilities	$	(676	)	$	(708	)
Noncurrent liabilities		(5,429	)		(4,898	)
Net Amount Recognized	$	(6,105	)	$	(5,606	)

Amounts recognized in accumulated other comprehensive loss

Amounts recognized in accumulated other comprehensive loss consist of:


	Other Benefits
	As of Fiscal Year Ended
(In thousands)	2022		2021
Prior service cost	$	—	$	(322	)
Net loss		1,708		1,040
Total Recognized in Accumulated Other Comprehensive Loss	$	1,708	$	718

Components of net periodic benefit cost

Net Periodic Benefit Cost


	Other Benefits
	Fiscal Year
(In thousands)	2022			2021			2020
Service cost	$	111		$	89		$	89

Interest cost		102			124			151
Amortization:
Prior service cost		(322	)		(921	)		(921	)
Losses		348			128			22
Net amortization		26			(793	)		(899	)
Other components of net periodic benefit cost (income)	$	128		$	(669	)	$	(748	)
Net Periodic Benefit Cost (Income)	$	239		$	(580	)	$	(659	)

Reconciliation of accumulated other comprehensive income

Reconciliation of Accumulated Other Comprehensive Income


	Other Benefits
(In thousands)	Fiscal 2022
Net (gain) loss	$	1,016
Amortization of prior service cost		322
Amortization of net actuarial loss		(348	)
Total Recognized in Other Comprehensive Income	$	990
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$	1,229

Weighted-average assumptions used to determine benefit obligations


	Other Benefits
	As of Fiscal Year End
	2022			2021
Discount rate		2.43	%		1.49	%
Rate of compensation increase	NA			NA

Weighted-average assumptions used to determine net periodic benefit costs


	Other Benefits
	Fiscal Year
		2022			2021			2020
Discount rate		2.43	%		1.49	%		3.48	%
Expected long-term rate of return on plan assets	NA			NA			NA
Rate of compensation increase	NA			NA			NA

Assumed health care cost trend rates


	As of Fiscal Year End
		2022		2021
Health care cost trend rate assumed for next year		6.25	%		6.25	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.50	%		5.75	%
Year that the rate reaches the ultimate trend rate	2025			2023

Expected benefit payments from the trust, including future service and pay

Expected benefit payments for other postretirement benefits, paid from the employee benefit trust, are as follows:


Estimated future payments	Other Benefits ($ in millions)
2022	$	0.7
2023		0.6
2024		0.6
2025		0.6
2026		0.5
2027 – 2031		2.4

Earnings Per Share (Tables)

12 Months Ended

Jan. 29, 2022

Earnings Per Share [Abstract]

Summary of Weighted-Average Number of Shares

Weighted-average number of shares used for earnings per share is as follows:


	Fiscal Year
(Shares in thousands)	2022		2021		2020
Weighted-average number of shares - basic		14,170		14,216		15,544
Common stock equivalents		339		0		127
Weighted-average number of shares - diluted		14,509		14,216		15,671

Share-Based Compensation Plans (Tables)

12 Months Ended

Jan. 29, 2022

Share-based Payment Arrangement [Abstract]

Summary of Status of Company's Nonvested Shares of Employee Restricted Stock

A summary of the status of our nonvested shares of our employee restricted stock as of January 29, 2022 is presented below:


Nonvested Restricted Shares	Shares			Weighted- Average Grant-Date Fair Value
Nonvested at February 2, 2019		591,338		$	42.99
Granted		269,816			42.48
Vested		(138,765	)		47.56
Withheld for federal taxes		(55,598	)		46.51
Forfeited		(77,013	)		42.19
Nonvested at February 1, 2020		589,778			41.46
Granted		427,741			19.62
Vested		(139,962	)		50.35
Withheld for federal taxes		(64,382	)		50.29
Forfeited		(147,085	)		36.62
Nonvested at January 30, 2021		666,090			27.98
Granted		228,444			63.40
Vested		(162,205	)		30.47
Withheld for federal taxes		(64,535	)		30.36
Forfeited		(6,885	)		34.89
Nonvested at January 29, 2022		660,909		$	39.46

Business Segment Information (Tables)

12 Months Ended

Jan. 29, 2022

Segment Reporting [Abstract]

Schedule of Business Segment Information


Fiscal 2022
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	1,576,475	$	423,560	$	252,855	$	170,619		$	—		$	2,423,509
Intercompany sales		—		—		—		(1,425	)		—			(1,425	)
Net sales to external customers	$	1,576,475	$	423,560	$	252,855	$	169,194		$	—		$	2,422,084
Segment operating income (loss)	$	165,336	$	19,257	$	7,029	$	6,583		$	(50,694	)	$	147,511
Asset impairments and other(1)		—		—		—		—			8,056			8,056
Operating income		165,336		19,257		7,029		6,583			(42,638	)		155,567
Other components of net periodic benefit cost		—		—		—		—			(128	)		(128	)
Interest expense,net		—		—		—		—			(2,448	)		(2,448	)
Earnings from continuing operations before income taxes	$	165,336	$	19,257	$	7,029	$	6,583		$	(45,214	)	$	152,991
Total assets at fiscal year end(2)	$	678,680	$	207,495	$	128,187	$	67,658		$	480,079		$	1,562,099
Depreciation and amortization		28,903		6,942		4,612		1,081			1,431			42,969
Capital expenditures		22,438		3,062		4,647		1,071			22,687			53,905

(1)

(2)

Of our $760.1 million of long-lived assets, $113.9 million and $26.0 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 17

Business Segment Information, Continued


Fiscal 2021
(In thousands)	Journeys Group		Schuh Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
Sales	$	1,227,954	$	305,941		$	152,941		$	101,287		$	—		$	1,788,123
Intercompany sales		—		—			—			(1,593	)		—			(1,593	)
Net sales to external customers	$	1,227,954	$	305,941		$	152,941		$	99,694		$	—		$	1,786,530
Segment operating income (loss)	$	76,896	$	(11,602	)	$	(47,624	)	$	(5,430	)	$	(21,548	)	$	(9,308	)
Goodwill impairment (1)		—		—			—			—			(79,259	)		(79,259	)
Asset impairments and other(2)		—		—			—			—			(18,682	)		(18,682	)
Operating income (loss)		76,896		(11,602	)		(47,624	)		(5,430	)		(119,489	)		(107,249	)
Other components of net periodic benefit income		—		—			—			—			670			670
Interest expense, net		—		—			—			—			(5,090	)		(5,090	)
Earnings (loss) from continuing operations before income taxes	$	76,896	$	(11,602	)	$	(47,624	)	$	(5,430	)	$	(123,909	)	$	(111,669	)
Total assets at fiscal year end(3)	$	767,535	$	232,681		$	159,027		$	58,320		$	369,805		$	1,587,368
Depreciation and amortization		29,326		8,885			5,487			1,317			1,484			46,499
Capital expenditures		16,188		2,794			4,064			356			728			24,130

(1)

Goodwill impairment of $79.3 million is related to Schuh Group.

(2)

(3)

Of our $829.6 million of long-lived assets, $140.9 million and $35.1 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 17

Business Segment Information, Continued


Fiscal 2020
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	1,460,253	$	373,930	$	300,850	$	61,859		$	174		$	2,197,066
Intercompany sales		—		—		—		—			—			—
Net sales to external customers	$	1,460,253	$	373,930	$	300,850	$	61,859		$	174		$	2,197,066
Segment operating income (loss)	$	114,945	$	4,659	$	17,702	$	(698	)	$	(39,916	)	$	96,692
Asset impairments and other(1)		—		—		—		—			(13,374	)		(13,374	)
Operating income		114,945		4,659		17,702		(698	)		(53,290	)		83,318
Other components of net periodic benefit income		—		—		—		—			395			395
Interest expense, net		—		—		—		—			(1,278	)		(1,278	)
Earnings from continuing operations before income taxes	$	114,945	$	4,659	$	17,702	$	(698	)	$	(54,173	)	$	82,435
Total assets at fiscal year end(2)	$	908,312	$	363,205	$	197,670	$	63,385		$	147,906		$	1,680,478
Depreciation and amortization		29,122		11,466		6,091		660			2,235			49,574
Capital expenditures		17,920		4,890		5,540		428			989			29,767

(1)

(2)

Of our $973.4 million of long-lived assets, $174.4 million and $46.2 million relate to long-lived assets in the U.K. and Canada, respectively.

Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Jan. 29, 2022 USD ($) Segment Store Customer	Jan. 30, 2021 USD ($)	Feb. 01, 2020 USD ($)
Summary of Accounting Policies [Line Items]
Number of retail stores operated by company \| Store	1,425
Number of reportable business segments \| Segment	4
Days in fiscal year	364 days	364 days	364 days
Cash and cash equivalents	$ 320,525,000	$ 215,091,000
Cash equivalents	0	0
Excess of outstanding checks drawn on zero balance accounts at domestic banks exceeding book cash balance	0.0	500,000
Depreciation expense	$ 42,400,000	45,600,000	$ 49,400,000
Percentage of renewal options	2.00%
Asset retirement obligations	$ 11,500,000	11,500,000
Accrued gift card liability	6,300,000	5,000,000.0
Gift card breakage recognized as revenue	1,000,000.0	800,000	1,000,000.0
Gift card redemptions and breakage revenue	3,100,000
Selling and administrative expenses	1,033,625,000	813,775,000	966,423,000
Advertising costs	106,400,000	80,100,000	72,300,000
Vendor reimbursements of cooperative advertising costs	10,700,000	6,200,000	9,100,000
Samsung
Summary of Accounting Policies [Line Items]
Historical cost of inventory	11,400,000
Wholesale Costs of Distribution
Summary of Accounting Policies [Line Items]
Selling and administrative expenses	12,800,000	10,100,000	5,600,000
Retail Occupancy Costs
Summary of Accounting Policies [Line Items]
Selling and administrative expenses	$ 299,600,000	269,800,000	$ 334,400,000
Major Customer One \| Customer Concentration Risk \| Trade Accounts Receivable
Summary of Accounting Policies [Line Items]
Number of customers \| Customer	1
Concentration risk percentage	38.00%
Major Customer Two \| Customer Concentration Risk \| Trade Accounts Receivable
Summary of Accounting Policies [Line Items]
Number of customers \| Customer	1
Concentration risk percentage	13.00%
Major Customer Three \| Customer Concentration Risk \| Trade Accounts Receivable
Summary of Accounting Policies [Line Items]
Number of customers \| Customer	1
Concentration risk percentage	7.00%
Other Major Customers \| Customer Concentration Risk \| Trade Accounts Receivable
Summary of Accounting Policies [Line Items]
Number of customers \| Customer	0
Concentration risk percentage	6.00%
Foreign Subsidiaries
Summary of Accounting Policies [Line Items]
Cash and cash equivalents	$ 39,700,000	$ 21,800,000

Summary of Significant Accounting Policies - Useful Lives of Property and Equipment (Details)	12 Months Ended
	Jan. 29, 2022
Buildings and building equipment \| Minimum
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	20 years
Buildings and building equipment \| Maximum
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	45 years
Computer hardware, software and equipment \| Minimum
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	3 years
Computer hardware, software and equipment \| Maximum
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	10 years
Furniture and fixtures
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	10 years

New Accounting Pronouncements - Additional Information (Details) - ASU 2019-12	Jan. 29, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	May 01, 2021
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true

- Definition

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

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- Definition

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Reference 34: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=124436220&loc=d3e21930-107793

Reference 35: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 23
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124436220&loc=d3e21914-107793

+ Details

COVID-19 - Additional Information (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
COVID-19 - Additional Information (Details) - USD ($)	May 02, 2020	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Unusual Or Infrequent Item [Line Items]
Goodwill impairment charge			$ 0	$ 79,259,000	$ 0
Schuh Group
Unusual Or Infrequent Item [Line Items]
Goodwill impairment charge	$ 79,300,000			79,300,000
COVID-19
Unusual Or Infrequent Item [Line Items]
Impairment charge		$ 0	0
Reduction in qualified payroll tax credits			7,800,000	13,800,000
COVID-19 \| U.K.
Unusual Or Infrequent Item [Line Items]
Property tax relief			9,700,000	$ 13,300,000
COVID-19 \| U.K., ROI and Canada
Unusual Or Infrequent Item [Line Items]
Other tax relief			$ 5,200,000
COVID-19 \| Schuh Group
Unusual Or Infrequent Item [Line Items]
Goodwill impairment charge	79,300,000
COVID-19 \| Trademark
Unusual Or Infrequent Item [Line Items]
Impairment charge	$ 5,300,000

Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amount of Goodwill by Segment (Details) $ in Thousands	12 Months Ended
	Jan. 29, 2022 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 38,550
Effect of foreign currency exchange rates	6
Goodwill, ending balance	38,556
Journeys Group
Goodwill [Roll Forward]
Goodwill, beginning balance	10,082
Effect of foreign currency exchange rates	5
Goodwill, ending balance	10,087
Licensed Brands Group
Goodwill [Roll Forward]
Goodwill, beginning balance	28,468
Effect of foreign currency exchange rates	1
Goodwill, ending balance	$ 28,469

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 02, 2020	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Acquired Finite Lived Intangible Assets [Line Items]
Goodwill impairment charge		$ 0	$ 79,259	$ 0
Amortization of intangible assets		600	900	$ 200
Amortization expense, 2023		600
Amortization expense, 2024		600
Amortization expense, 2025		600
Amortization expense, 2026		600
Amortization expense, 2027		$ 600
Schuh Group
Acquired Finite Lived Intangible Assets [Line Items]
Percentage of estimated impairment	50.00%
Goodwill impairment charge	$ 79,300		$ 79,300
Percentage of estimated fair value of reporting unit using discounted cash flow method	50.00%
Percentage of estimated fair value of reporting unit using guideline public company method	50.00%
Period of cash flows with terminal value		7 years
Percentage of discount rate based on weighted average cost of capital used to estimate fair values of reporting units	16.00%
Journeys Group and Johnston & Murphy Group
Acquired Finite Lived Intangible Assets [Line Items]
Period of cash flows with terminal value		5 years
Percentage of discount rate based on weighted average cost of capital used to estimate fair values of reporting units	15.00%
Trademark impairment	$ 5,300
Percentage of royalty rate used to estimate fair values of reporting units	1.00%

Goodwill and Other Intangible Assets - Summary of Other Intangibles Assets (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Other intangibles by major classes
Gross other intangibles	$ 32,921	$ 33,460
Accumulated amortization	(3,066)	(2,531)
Other Intangibles, net	29,855	30,929
Trademarks
Other intangibles by major classes
Gross other intangibles	25,935	26,443
Accumulated amortization	0	0
Other Intangibles, net	25,935	26,443
Customer Lists
Other intangibles by major classes
Gross other intangibles	6,586	6,617
Accumulated amortization	(2,666)	(2,131)
Other Intangibles, net	3,920	4,486
Other
Other intangibles by major classes
Gross other intangibles	400	400
Accumulated amortization	(400)	(400)
Other Intangibles, net	$ 0	$ 0

Goodwill and Other Intangible Assets - Summary of Other Intangibles Assets (Parenthetical) (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Finite Lived Intangible Assets [Line Items]
Other finite-lived intangible assets, gross	$ 32,921	$ 33,460
Trademarks
Finite Lived Intangible Assets [Line Items]
Other finite-lived intangible assets, gross	25,935	26,443
Trademarks \| Schuh Group
Finite Lived Intangible Assets [Line Items]
Other finite-lived intangible assets, gross	22,600
Trademarks \| Journeys Group
Finite Lived Intangible Assets [Line Items]
Other finite-lived intangible assets, gross	3,400
Customer Lists
Finite Lived Intangible Assets [Line Items]
Other finite-lived intangible assets, gross	6,586	$ 6,617
Customer Lists \| Togast
Finite Lived Intangible Assets [Line Items]
Other finite-lived intangible assets, gross	$ 5,100

Asset Impairments and Other Charges - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net	$ (8,056)	$ 18,682	$ 13,374
Insurance gain	600
Gain on sale of building			(600)
Hurricane Maria
Restructuring Cost And Reserve [Line Items]
Insurance gain			200
Trademark
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net		5,300
Togast Acquisition
Restructuring Cost And Reserve [Line Items]
Gain for the release of an earn-out related to the acquisition		400
Distribution Warehouse
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net	18,100
Professional Fees Related to Actions of Shareholder Activist
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net	8,600
Retail Store Asset Impairments
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net	$ 2,000	$ 13,800	3,100
Pension Settlement Expense
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net			11,500
Lease Termination Expense
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net			$ 400

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Inventories
Wholesale finished goods	$ 28,432	$ 27,851
Retail merchandise	249,768	263,115
Total Inventories	$ 278,200	$ 290,966

Property and Equipment and Other Current Accrued Liabilities - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Property, Plant and Equipment [Abstract]
Land	$ 7,233	$ 7,451
Buildings and building equipment	73,962	74,617
Computer hardware, software and equipment	152,075	138,516
Furniture and fixtures	124,536	127,635
Construction in progress	42,903	14,422
Improvements to leased property	325,180	334,267
Property and equipment, at cost	725,889	696,908
Accumulated depreciation	(509,581)	(489,066)
Total Property and Equipment, net	$ 216,308	$ 207,842

Property and Equipment and Other Current Accrued Liabilities - Schedule of Other Accrued Liabilities (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Accrued Liabilities, Current [Abstract]
Accrued employee compensation	$ 60,575	$ 11,025
Accrued other taxes	17,631	15,578
Accrued income taxes	2,385	674
Provision for discontinued operations	491	527
Other accrued liabilities	53,074	51,187
Total Other Current Accrued Liabilities	$ 134,156	$ 78,991

Property and Equipment and Other Current Accrued Liabilities - Schedule of Other Accrued Liabilities (Parenthetical) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Accrued Liabilities, Current [Abstract]
Accrued performance-based incentive compensation	$ 48.1	$ 0.0

Fair Value - Schedule of Fair Values of Financial Instruments (Details) $ in Thousands, £ in Millions	Jan. 29, 2022 GBP (£)	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount		$ 15,679	$ 32,986
Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount		15,700
U.S. Revolver Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount		15,679	32,986
U.S. Revolver Borrowings \| Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	£ 11.7	15,679	32,986
Fair Value		$ 15,679	$ 33,612

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Fair Value - Additional Information (Details) $ in Millions	Jan. 29, 2022 USD ($)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments held	$ 11.4

Long-Term Debt - Additional Information (Details) £ in Millions		12 Months Ended
	Oct. 09, 2020 GBP (£)	Jan. 29, 2022 USD ($)	Jan. 29, 2022 GBP (£)	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($)	Jun. 05, 2020 USD ($)
Debt Instrument [Line Items]
Carrying Amount				$ 15,679,000	$ 32,986,000
First in-last out term loan		$ 17,500,000
Third Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Debt instrument, maturity date		Jan. 28, 2027
U.S. Revolver Borrowings
Debt Instrument [Line Items]
Carrying Amount				15,679,000	$ 32,986,000
Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount of credit facility				332,500,000		$ 332,500,000
Carrying Amount				$ 15,700,000
Bearing interest rate			1.48%	1.48%
Credit facility, maturity date		Jan. 28, 2027
Commitment fee on the actual daily unused portions of the credit facility one		0.20%
Excess availability under credit facility				$ 165,300,000
Revolving Credit Facility \| Third Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Aggregate principal amount of credit facility				100,000,000.0
Additional borrowing capacity				200,000,000.0
Financial covenants, excess availability threshold				$ 22,500,000
Financial covenants, excess availability threshold percentage			10.00%	10.00%
Revolving Credit Facility \| Third Amended and Restated Credit Agreement \| Maximum
Debt Instrument [Line Items]
Line of credit increase amount limit		$ 100,000,000.0
Aggregate amount of loans and letters of credit subject to receipt of commitment		$ 532,500,000
Amended amount on senior debt covenant				$ 500,000,000.0
Covenants for fixed charge coverage ratio			1.0	1.0
Consolidated total debt to consolidated EBITDA					5.0
Revolving Credit Facility \| U.S. Revolver Borrowings
Debt Instrument [Line Items]
Carrying Amount			£ 11.7	$ 15,679,000	$ 32,986,000
Letter of Credit
Debt Instrument [Line Items]
Carrying Amount				9,600,000
Letter of Credit \| Third Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Aggregate principal amount of credit facility				70,000,000.0
Sublimit for issuance of letters of credit				10,000,000.0
Bridge Loan \| Third Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Aggregate principal amount of credit facility				10,000,000.0
Revolving Capital Facility
Debt Instrument [Line Items]
Capitalized deferred financing costs of credit facility and amendment				1,200,000
Revolving Capital Facility \| Facility Letter
Debt Instrument [Line Items]
Aggregate principal amount of credit facility \| £	£ 19.0
Credit facility expiration date	2023-10
Revolving Capital Facility \| Facility Letter \| Base Rate
Debt Instrument [Line Items]
Stated interest rate	2.50%
Swingline Subfacility \| Third Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Aggregate principal amount of credit facility				5,000,000.0
Sub Facility \| Third Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Aggregate principal amount of credit facility				$ 45,000,000.0

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 15,679	$ 32,986
Current portion	0	0
Total Noncurrent Portion of Long-Term Debt	15,679	32,986
U.S. Revolver Borrowings
Debt Instrument [Line Items]
Total long-term debt	15,679	32,986
U.K. Revolver Borrowings
Debt Instrument [Line Items]
Total long-term debt	$ 0	$ 0

- Definition

+ References + Details

Leases - Additional Information (Details) $ in Millions	12 Months Ended
Leases - Additional Information (Details) $ in Millions	Jan. 29, 2022 USD ($) ft² Option	Jan. 30, 2021 USD ($)
Operating Leased Assets [Line Items]
Percent of leases containing renewal option	2.00%
Operating lease, lease not yet commenced with right of use liabilities	$ 10.9
Decrease in contractual rent expense, due to CARES ACT rent concessions	(17.0)	$ (34.0)
Accrued liability for unpaid rent	$ 2.1	$ 26.9
Minimum
Operating Leased Assets [Line Items]
Operating lease, lease not yet commenced, term of contract	1 year
Maximum
Operating Leased Assets [Line Items]
Operating lease, lease not yet commenced, term of contract	12 years
United States, Puerto Rico and Canada
Operating Leased Assets [Line Items]
Lease term	10 years
United Kingdom and ROI \| Minimum
Operating Leased Assets [Line Items]
Lease term	10 years
United Kingdom and ROI \| Maximum
Operating Leased Assets [Line Items]
Lease term	15 years
Nashville Tennessee
Operating Leased Assets [Line Items]
Lease term	15 years
Area of property leased \| ft²	182,000
Renewal options \| Option	2
Renewal term	5 years
Lease expiration period	2022-04
Option to extend	June 2022

Leases - Components of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021
Leases [Abstract]
Operating lease cost	$ 174,127	$ 160,973
Variable lease cost	21,540	9,562
Less: Sublease income	(246)	(165)
Net Lease Cost	$ 195,421	$ 170,370

Leases - Schedule of Lease Maturity Under Topic 842 (Details) $ in Thousands	Jan. 29, 2022 USD ($)
Leases [Abstract]
2023	$ 169,973
2024	142,451
2025	114,281
2026	93,827
2027	67,026
Thereafter	124,342
Total undiscounted future minimum lease payments	711,900
Less: Amounts representing interest	(94,934)
Total Present Value of Operating Lease Liabilities	$ 616,966

Leases - Supplemental Information Related to Operating Leases (Details)	Jan. 29, 2022	Jan. 30, 2021
Leases [Abstract]
Weighted-average remaining lease term (years)	5 years 9 months 18 days	5 years 6 months
Weighted-average discount rate	5.00%	5.10%

Equity - Summary of Non-Redeemable Preferred Stock (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Class Of Stock [Line Items]
Non-redeemable preferred Stock	$ 827	$ 1,009	$ 1,009
Employees’ Subordinated Convertible Preferred
Class Of Stock [Line Items]
Shares authorized (in shares)	5,000,000
Number of shares (in shares)	28,325	34,425	34,440
Non-redeemable preferred Stock	$ 850	$ 1,033	$ 1,033
Stated Value of Issued Shares
Class Of Stock [Line Items]
Non-redeemable preferred Stock	850	1,033	1,033
Employees’ Preferred Stock Purchase Accounts
Class Of Stock [Line Items]
Non-redeemable preferred Stock	$ (23)	$ (24)	$ (24)

Equity - Additional Information (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 29, 2022 USD ($) Vote $ / shares shares	Jan. 30, 2021 $ / shares shares	Feb. 01, 2020 USD ($) $ / shares shares
Class Of Stock [Line Items]
Number of votes for each outstanding share \| Vote	1
Common stock, par value (in dollars per share) \| $ / shares	$ 1	$ 1
Common stock, shares authorized (in shares)	80,000,000	80,000,000
Common stock, shares issued (in shares)	14,256,408	15,438,338
Treasury shares, at cost (in shares)	488,464	488,464
Number of common stock issued to directors for no consideration (in shares)	14,936	38,723	25,368
Common stock withheld for taxes on restricted stock vested (in shares)	64,535	64,382	55,598
Restricted stock forfeited during the year (in shares)	6,885	150,050	77,013
Common stock shares repurchased (in shares)		0
Common stock shares repurchased and retired (in shares)	1,360,909	0	4,570,015
Weighted average price of common stock retired and repurchase (in dollars per share) \| $ / shares	$ 60.88		$ 41.44
Common stock value repurchased and retired \| $	$ 82,849		$ 189,374
2009 Equity Incentive Plan
Class Of Stock [Line Items]
Common stock issued as restricted shares (in shares)		428,362	270,173
Subordinated Serial Preferred Stock Aggregate
Class Of Stock [Line Items]
Preferred shares authorized (in shares)	3,000,000
Subordinated Serial Preferred Stock $2.30 Series 1
Class Of Stock [Line Items]
Preferred stock par value (in dollars per share) \| $ / shares	$ 2.30
Preferred shares authorized (in shares)	64,368
Subordinated Serial Preferred Stock $4.75 Series 3
Class Of Stock [Line Items]
Preferred stock par value (in dollars per share) \| $ / shares	$ 4.75
Preferred shares authorized (in shares)	40,449
Subordinated Serial Preferred Stock $4.75 Series 4
Class Of Stock [Line Items]
Preferred stock par value (in dollars per share) \| $ / shares	$ 4.75
Preferred shares authorized (in shares)	53,764
Subordinated Serial Preferred Stock Series 6
Class Of Stock [Line Items]
Preferred stock par value (in dollars per share) \| $ / shares	$ 4.75
Preferred shares authorized (in shares)	800,000
$1.50 Subordinated Cumulative Preferred Stock
Class Of Stock [Line Items]
Preferred stock par value (in dollars per share) \| $ / shares	$ 1.50
Preferred shares authorized (in shares)	5,000,000
Employees’ Subordinated Convertible Preferred Stock
Class Of Stock [Line Items]
Multiplication value to quarterly dividend per share of common stock for calculation of stated and liquidation values and redemption price	88
Average quarterly dividend payment period	24 months
Common convertible ratio (in shares)	1
Number of votes for each outstanding share \| Vote	1
Common stock issued in conversion of debentures (in shares)	6,100	15	1,707
Employees’ Subordinated Convertible Preferred Stock \| Minimum
Class Of Stock [Line Items]
Stated and liquidation values and redemption price per share dividend paid on common stock plus accumulated dividends (in dollars per share) \| $ / shares	$ 30
Conversion of Preferred Stock
Class Of Stock [Line Items]
Common shares reserved (in shares)	28,325
2020 Stock Incentive Plan
Class Of Stock [Line Items]
Common shares reserved (in shares)	850,847
Common stock issued as restricted shares (in shares)	229,363

Income Taxes - Components of Earnings from Continuing Operations Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Tax Disclosure [Abstract]
United States	$ 130,517	$ (3,123)	$ 83,871
Foreign	22,474	(108,546)	(1,436)
Earnings (loss) from continuing operations before income taxes	$ 152,991	$ (111,669)	$ 82,435

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 1
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+ Details

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Current
U.S. federal	$ 49,354	$ (106,397)	$ 16,313
International	3,555	1,391	322
State	3,845	10,223	3,383
Total Current Income Tax Expense (Benefit)	56,754	(94,783)	20,018
Deferred
U.S. federal	(22,542)	48,511	(463)
International	54	2,773	1,145
State	3,778	(12,142)	(22)
Total Deferred Income Tax Expense	(18,710)	39,142	660
Total Income Tax Expense (Benefit) – Continuing Operations	$ 38,044	$ (55,641)	$ 20,678

Income Taxes - Reconciliation of Federal Statutory Rate (Details)	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Reconciliation of the United States federal statutory rate to the Company's effective tax rate from continuing operations
U. S. federal statutory rate of tax	21.00%	21.00%	21.00%
State taxes (net of federal tax benefit)	3.94%	1.35%	3.62%
Foreign rate differential	(0.11%)	(0.25%)	(2.21%)
Change in valuation allowance	1.58%	(10.70%)	3.64%
Credits	(0.55%)	0.44%	(0.93%)
Permanent items	(0.05%)	(0.66%)	1.72%
Uncertain federal, state and foreign tax positions	0.00%	0.00%	(2.01%)
CARES Act	0.00%	41.53%	0.00%
Outside Basis Difference - IRC Section 165(g) 3	0.00%	10.34%	0.00%
Goodwill Impairment	0.00%	(13.50%)	0.00%
Other	(0.94%)	0.28%	0.25%
Effective Tax Rate	24.87%	49.83%	25.08%

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Deferred tax assets and liabilities
Pensions	$ 553	$ 229
Lease obligation	159,411	175,113
Book over tax depreciation	17,369	13,528
Expense accruals	11,965	10,388
Uniform capitalization costs	4,844	4,886
Provisions for discontinued operations and restructurings	596	650
Inventory valuation	394	2,242
Tax net operating loss and credit carryforwards	31,646	39,829
Allowances for bad debts and notes	863	888
Deferred compensation and restricted stock	2,736	2,945
Identified intangibles	1,409	1,586
Other	35	34
Gross deferred tax assets	231,821	252,318
Deferred tax asset valuation allowance	(42,195)	(36,561)
Deferred tax asset net of valuation allowance	189,626	215,757
Identified intangibles	(6,333)	(4,677)
Prepaids	(1,784)	(1,765)
Right of use asset	(150,554)	(163,674)
Tax over book depreciation	(30,421)	(64,009)
Other	(1,051)	(1,120)
Gross deferred tax liabilities	(190,143)	(235,245)
Net Deferred Tax Liabilities	$ (517)	$ (19,488)

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Operating Loss Carryforwards [Line Items]
Deferred tax valuation allowance	$ 42,195	$ 36,561
Increase in valuation allowance	5,600
Unrecognized tax benefits that would impact effective tax rate	200	200	$ 200
State
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	13,900	22,400
Valuation allowance	3,200	3,200
Tax credit carryforward	500	500
Foreign Jurisdictions
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	50,600	57,600
Tax credit carryforward	4,100
Net increase in valuation allowance		$ 36,600
Tax credit carryforwards, valuation allowance	$ 3,900
Minimum
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, expiration year	2023
Minimum \| State
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2023
Minimum \| Foreign Jurisdictions
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, expiration year	2028
Operating loss carryforwards, expiration period	17 years
Period of statutes of limitation of subsidiaries in foreign jurisdictions	2 years
Maximum
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, expiration year	2026
Maximum \| State
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2039
Maximum \| Foreign Jurisdictions
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, expiration year	2031
Period of statutes of limitation of subsidiaries in foreign jurisdictions	6 years
Prepaid and Other Current Assets
Operating Loss Carryforwards [Line Items]
Income tax receivable	$ 53,400

Income Taxes - Deferred Tax Balances (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Deferred tax assets net classification
Net non-current asset	$ 1,466
Net non-current liability	(1,983)	$ (19,488)
Net Deferred Tax Liabilities	$ (517)	$ (19,488)

Income Taxes - Reconciliation of Total Amounts of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Reconciliation of the total amounts of unrecognized tax benefits
Unrecognized Tax Benefit – Beginning of Period	$ 178	$ 178	$ 1,835
Gross Increases (Decreases) – Tax Positions in a Current Period	0	0	178
Settlements	0	0	(931)
Lapse of Statutes of Limitations	0	0	(904)
Unrecognized Tax Benefit – End of Period	$ 178	$ 178	$ 178

Other Postretirement Benefit Plans - Additional Information (Details) $ in Millions	12 Months Ended
	Jan. 29, 2022 USD ($) h	Jan. 30, 2021 USD ($)	Feb. 01, 2020 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Minimum hours of service of employee related to savings plan \| h	500
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Age under health care plan for early retirees eligible for benefits	65 years
Minimum year of age of employee related to savings plan	18 years
Percent of matching contribution by employer	100.00%
Maximum employer contribution up to a specified percentage of salary	3.00%
Percent of matching contribution by employer up to a specified percentage of salary	50.00%
Another maximum employer contribution up to specified percentage of salary	2.00%
Contribution expense to company for matching program \| $	$ 5.9	$ 2.9	$ 5.3
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Maximum percentage of salary up to which additional contribution made by employer	2.50%

Other Postretirement Benefit Plans - Change in Benefit Obligation (Details) - Other Benefits - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	$ 5,606	$ 7,025
Service cost	111	89	$ 89
Interest cost	102	124	151
Plan participants’ contributions	143	134
Benefits paid	(874)	(550)
Actuarial (gain) loss	1,017	(1,216)
Benefit Obligation at End of Year	6,105	5,606	$ 7,025
Funded Status at End of Year	$ (6,105)	$ (5,606)

Other Postretirement Benefit Plans - Balance Sheets (Details) - Other Benefits - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	$ (676)	$ (708)
Noncurrent liabilities	(5,429)	(4,898)
Net Amount Recognized	$ (6,105)	$ (5,606)

Other Postretirement Benefit Plans - Other Comprehensive Loss (Details) - Other Benefits - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Prior service cost	$ 0	$ (322)
Net loss	1,708	1,040
Total Recognized in Accumulated Other Comprehensive Loss	$ 1,708	$ 718

Other Postretirement Benefit Plans - Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Amortization:
Other components of net periodic benefit cost (income)	$ 128	$ (670)	$ (395)
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	111	89	89
Interest cost	102	124	151
Amortization:
Prior service cost	(322)	(921)	(921)
Losses	348	128	22
Net amortization	26	(793)	(899)
Other components of net periodic benefit cost (income)	128	(669)	(748)
Net Periodic Benefit Cost (Income)	$ 239	$ (580)	$ (659)

Other Postretirement Benefit Plans - Reconciliation of AOCI (Details) - Other Benefits $ in Thousands	12 Months Ended
	Jan. 29, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Net (gain) loss	$ 1,016
Amortization of prior service cost	322
Amortization of net actuarial loss	(348)
Total Recognized in Other Comprehensive Income	990
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$ 1,229

Other Postretirement Benefit Plans - Benefit Obligation Assumptions (Details) - Other Benefits	Jan. 29, 2022	Jan. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.43%	1.49%
Rate of compensation increase

Other Postretirement Benefit Plans - Net Periodic Benefit Cost Assumptions (Details) - Other Benefits	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.43%	1.49%	3.48%
Expected long-term rate of return on plan assets
Rate of compensation increase

Other Postretirement Benefit Plans - Health Care Cost Trend Rates (Details)	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract]
Health care cost trend rate assumed for next year	6.25%	6.25%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5.50%	5.75%
Year that the rate reaches the ultimate trend rate	2025	2023

Other Postretirement Benefit Plans - Estimated Future Payments (Details) - Other Benefits $ in Millions	Jan. 29, 2022 USD ($)
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2022	$ 0.7
2023	0.6
2024	0.6
2025	0.6
2026	0.5
2027 - 2031	$ 2.4

Earnings Per Share - Summary of Weighted-Average Number of Shares (Details) - shares shares in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Earnings Per Share [Abstract]
Weighted-average number of shares - basic (in shares)	14,170	14,216	15,544
Common stock equivalents (in shares)	339	0	127
Weighted-average number of shares - diluted (in shares)	14,509	14,216	15,671

Earning Per Share - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020	Mar. 23, 2022	Feb. 28, 2022
Earning per share [Line Item]
Stock repurchased during period (in shares)	1,360,909	0	4,570,015
Shares repurchased	$ 82,849		$ 189,374
Weighted average price of common stock retired and repurchase (in dollars per share)	$ 60.88		$ 41.44
Stock repurchase accrued amount	$ 4,800
Authorized amount	$ 100,000
Subsequent Event [Member]
Earning per share [Line Item]
Remaining authorized repurchase amount				$ 100,300
Increase in Authorized amount					$ 100,000

Share-Based Compensation Plans - Additional Information (Details) - USD ($)		12 Months Ended
	Feb. 05, 2020	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020	Jun. 30, 2020
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost		$ 100,000	$ 100,000	$ 0
Nonvested Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost		8,300,000	$ 7,400,000	$ 8,800,000
Unrecognized share-based compensation cost		$ 20,600,000
Forfeited shares (in shares)		6,885	147,085	77,013
Weighted average expected period nonvested share-based compensation		1 year 9 months 21 days
2020 Equity Incentive Plan \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation for restricted stock value grant in period		$ 107,500
Share-based compensation cost		$ 700,000
2020 Equity Incentive Plan \| Three New Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, shares issued (in shares)		504
2020 Equity Incentive Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, shares authorized (in shares)		1,800,000
2020 Equity Incentive Plan \| Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term		4 years
2020 Equity Incentive Plan \| Stock Options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option's term		10 years
2020 Equity Incentive Plan \| Stock Options \| Vesting percentage - Year 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		25.00%
2020 Equity Incentive Plan \| Stock Options \| Vesting percentage - Year 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		25.00%
2020 Equity Incentive Plan \| Stock Options \| Vesting percentage - Year 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		25.00%
2020 Equity Incentive Plan \| Stock Options \| Vesting percentage - Year 4
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		25.00%
2020 Equity Incentive Plan \| Nonvested Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Depletion ratio		2.0
Share-based compensation, shares issued (in shares)		228,444
Share-based compensation, restricted stock units issued (in shares)		919
2020 Equity Incentive Plan \| Nonvested Restricted Shares \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, shares issued (in shares)		14,936
2009 Equity Incentive Plan \| CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	26,620
Share-based compensation for stock option value grant in period	$ 500,000
2009 Equity Incentive Plan \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation for restricted stock value grant in period			$ 91,375	$ 91,375
Share-based compensation cost			$ 900,000	$ 1,300,000
Restriction period		3 years
2009 Equity Incentive Plan \| Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option's term			6 years 3 months
Expected volatility			45.00%
Risk free rate			1.52%
Fair value per share (in dollars per share)			$ 18.78
Unrecognized share-based compensation cost		$ 300,000
Compensation expense capitalized		$ 0
2009 Equity Incentive Plan \| Nonvested Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term		4 years
Share-based compensation, shares issued (in shares)			427,741	269,816
2009 Equity Incentive Plan \| Nonvested Restricted Shares \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, shares issued (in shares)			28,266	14,455
2009 Equity Incentive Plan \| Nonvested Restricted Shares \| Vesting percentage - Year 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		25.00%	25.00%	25.00%
2009 Equity Incentive Plan \| Nonvested Restricted Shares \| Vesting percentage - Year 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		25.00%	25.00%	25.00%
2009 Equity Incentive Plan \| Nonvested Restricted Shares \| Vesting percentage - Year 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		25.00%	25.00%	25.00%
2009 Equity Incentive Plan \| Nonvested Restricted Shares \| Vesting percentage - Year 4
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		25.00%	25.00%	25.00%
2009 Equity Incentive Plan \| Director Retainer Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, shares issued (in shares)			10,457	10,913
Forfeited shares (in shares)			2,965
2020 Restricted Cash Incentive Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash award, granted amount					$ 2,700,000
Cash award, compensation expense recognized		$ 700,000	$ 400,000
Cash award, vesting term		4 years
2020 Restricted Cash Incentive Program \| Vesting percentage - Year 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash award, annual vesting percentage		25.00%
2020 Restricted Cash Incentive Program \| Vesting percentage - Year 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash award, annual vesting percentage		25.00%
2020 Restricted Cash Incentive Program \| Vesting percentage - Year 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash award, annual vesting percentage		25.00%
2020 Restricted Cash Incentive Program \| Vesting percentage - Year 4
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash award, annual vesting percentage		25.00%
Addition to the 2009 Equity Incentive Plan \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term		3 years
Addition to the 2009 Equity Incentive Plan \| Nonvested Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term		3 years
Share-based compensation, restricted stock units issued (in shares)			621	1,800

Share-Based Compensation Plans - Summary of Status of Company's Nonvested Shares of Employee Restricted Stock (Details) - Nonvested Restricted Shares - $ / shares	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Summary of the status of the Company's nonvested shares of its employee restricted stock
Nonvested, beginning balance (in shares)	666,090	589,778	591,338
Granted (in shares)	228,444	427,741	269,816
Vested (in shares)	(162,205)	(139,962)	(138,765)
Withheld for federal taxes (in shares)	(64,535)	(64,382)	(55,598)
Forfeited (in shares)	(6,885)	(147,085)	(77,013)
Nonvested, ending balance (in shares)	660,909	666,090	589,778
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Nonvested, Weighted-Average Grant-Date Fair Value, beginning balance (in dollars per share)	$ 27.98	$ 41.46	$ 42.99
Granted, Weighted-Average Grant-Date Fair Value (in dollars per share)	63.40	19.62	42.48
Vested, Weighted-Average Grant-Date Fair Value (in dollars per share)	30.47	50.35	47.56
Withheld for federal taxes, Weighted-Average Grant-Date Fair Value (in dollars per share)	30.36	50.29	46.51
Forfeited, Weighted-Average Grant-Date Fair Value (in dollars per share)	34.89	36.62	42.19
Nonvested, Weighted-Average Grant-Date Fair Value, ending balance (in dollars per share)	$ 39.46	$ 27.98	$ 41.46

Legal Proceedings - Additional Information (Details) $ in Thousands	12 Months Ended
	Jan. 29, 2022 USD ($) Store	Jan. 30, 2021 USD ($)	Feb. 01, 2020 USD ($)
Loss Contingencies [Line Items]
Amount related to outstanding environmental contingencies	$ 1,400	$ 1,500	$ 1,500
Pretax accrual charges for environmental contingencies included in loss from discontinued operations	200	$ 300	$ 400
Estimated maximum future payments	$ 711,900
Lids Sports Group \| Discontinued Operations, Disposed of by Sale
Loss Contingencies [Line Items]
Number of leases for which the company is a guarantor \| Store	9
Lease expiration date	May 31, 2025
Estimated maximum future payments	$ 9,600

Business Segment Information - Schedule of Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 02, 2020	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Segment Reporting Information [Line Items]
Net sales		$ 2,422,084	$ 1,786,530	$ 2,197,066
Segment operating income (loss)		147,511	(9,308)	96,692
Goodwill impairment		0	(79,259)	0
Asset impairments and other		8,056	(18,682)	(13,374)
Operating income (loss)		155,567	(107,249)	83,318
Other components of net periodic benefit income		(128)	670	395
Interest expense, net		(2,448)	(5,090)	(1,278)
Earnings (loss) from continuing operations before income taxes		152,991	(111,669)	82,435
Total assets at fiscal year end		1,562,099	1,587,368	1,680,478
Depreciation and amortization		42,969	46,499	49,574
Capital expenditures		53,905	24,130	29,767
Journeys Group
Segment Reporting Information [Line Items]
Net sales		1,576,475	1,227,954	1,460,253
Schuh Group
Segment Reporting Information [Line Items]
Net sales		423,560	305,941	373,930
Goodwill impairment	$ (79,300)		(79,300)
Johnston & Murphy Group
Segment Reporting Information [Line Items]
Net sales		252,855	152,941	300,850
Licensed Brands Group
Segment Reporting Information [Line Items]
Net sales		169,194	99,694	61,859
Operating Segments
Segment Reporting Information [Line Items]
Net sales		2,423,509	1,788,123	2,197,066
Operating Segments \| Journeys Group
Segment Reporting Information [Line Items]
Net sales		1,576,475	1,227,954	1,460,253
Segment operating income (loss)		165,336	76,896	114,945
Goodwill impairment			0
Asset impairments and other		0	0	0
Operating income (loss)		165,336	76,896	114,945
Other components of net periodic benefit income		0	0	0
Interest expense, net		0	0	0
Earnings (loss) from continuing operations before income taxes		165,336	76,896	114,945
Total assets at fiscal year end		678,680	767,535	908,312
Depreciation and amortization		28,903	29,326	29,122
Capital expenditures		22,438	16,188	17,920
Operating Segments \| Schuh Group
Segment Reporting Information [Line Items]
Net sales		423,560	305,941	373,930
Segment operating income (loss)		19,257	(11,602)	4,659
Goodwill impairment			0
Asset impairments and other		0	0	0
Operating income (loss)		19,257	(11,602)	4,659
Other components of net periodic benefit income		0	0	0
Interest expense, net		0	0	0
Earnings (loss) from continuing operations before income taxes		19,257	(11,602)	4,659
Total assets at fiscal year end		207,495	232,681	363,205
Depreciation and amortization		6,942	8,885	11,466
Capital expenditures		3,062	2,794	4,890
Operating Segments \| Johnston & Murphy Group
Segment Reporting Information [Line Items]
Net sales		252,855	152,941	300,850
Segment operating income (loss)		7,029	(47,624)	17,702
Goodwill impairment			0
Asset impairments and other		0	0	0
Operating income (loss)		7,029	(47,624)	17,702
Other components of net periodic benefit income		0	0	0
Interest expense, net		0	0	0
Earnings (loss) from continuing operations before income taxes		7,029	(47,624)	17,702
Total assets at fiscal year end		128,187	159,027	197,670
Depreciation and amortization		4,612	5,487	6,091
Capital expenditures		4,647	4,064	5,540
Operating Segments \| Licensed Brands Group
Segment Reporting Information [Line Items]
Net sales		170,619	101,287	61,859
Segment operating income (loss)		6,583	(5,430)	(698)
Goodwill impairment			0
Asset impairments and other		0	0	0
Operating income (loss)		6,583	(5,430)	(698)
Other components of net periodic benefit income		0	0	0
Interest expense, net		0	0	0
Earnings (loss) from continuing operations before income taxes		6,583	(5,430)	(698)
Total assets at fiscal year end		67,658	58,320	63,385
Depreciation and amortization		1,081	1,317	660
Capital expenditures		1,071	356	428
Corporate & Other
Segment Reporting Information [Line Items]
Net sales		0	0	174
Segment operating income (loss)		(50,694)	(21,548)	(39,916)
Goodwill impairment			(79,259)
Asset impairments and other		8,056	(18,682)	(13,374)
Operating income (loss)		(42,638)	(119,489)	(53,290)
Other components of net periodic benefit income		(128)	670	395
Interest expense, net		(2,448)	(5,090)	(1,278)
Earnings (loss) from continuing operations before income taxes		(45,214)	(123,909)	(54,173)
Total assets at fiscal year end		480,079	369,805	147,906
Depreciation and amortization		1,431	1,484	2,235
Capital expenditures		22,687	728	989
Intercompany Sales
Segment Reporting Information [Line Items]
Net sales		(1,425)	(1,593)	0
Intercompany Sales \| Journeys Group
Segment Reporting Information [Line Items]
Net sales		0	0	0
Intercompany Sales \| Schuh Group
Segment Reporting Information [Line Items]
Net sales		0	0	0
Intercompany Sales \| Johnston & Murphy Group
Segment Reporting Information [Line Items]
Net sales		0	0	0
Intercompany Sales \| Licensed Brands Group
Segment Reporting Information [Line Items]
Net sales		$ (1,425)	$ (1,593)	$ 0

Business Segment Information - Schedule of Business Segment Information (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 02, 2020	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Segment Reporting Information [Line Items]
Goodwill impairment		$ 0	$ 79,259	$ 0
Asset impairments and other, net		(8,056)	18,682	13,374
Long-lived assets		760,100	829,600	973,400
(Gain) loss related to hurricane		(600)
Hurricane Maria
Segment Reporting Information [Line Items]
(Gain) loss related to hurricane				(200)
U.K.
Segment Reporting Information [Line Items]
Long-lived assets		113,900	140,900	174,400
Canada
Segment Reporting Information [Line Items]
Long-lived assets		26,000	35,100	46,200
Trademark
Segment Reporting Information [Line Items]
Asset impairments and other, net			5,300
Schuh Group
Segment Reporting Information [Line Items]
Goodwill impairment	$ 79,300		79,300
Togast Acquisition
Segment Reporting Information [Line Items]
Gain for the release of an earn-out related to the acquisition			400
Retail Store Asset Impairments
Segment Reporting Information [Line Items]
Asset impairments and other, net		2,000	13,800	3,100
Retail Store Asset Impairments \| Schuh Group
Segment Reporting Information [Line Items]
Asset impairments and other, net		800	2,700	1,200
Retail Store Asset Impairments \| Johnston & Murphy Group
Segment Reporting Information [Line Items]
Asset impairments and other, net		200	7,000	1,200
Retail Store Asset Impairments \| Journeys Group
Segment Reporting Information [Line Items]
Asset impairments and other, net		1,000	$ 4,100	700
Pension Settlement Expense
Segment Reporting Information [Line Items]
Asset impairments and other, net				11,500
Sale Of Lids Sports Group Headquarters Building \| Lids Sports Group
Segment Reporting Information [Line Items]
Asset impairments and other, net				(600)
Lease Termination
Segment Reporting Information [Line Items]
Asset impairments and other, net				$ 400
Distribution Warehouse
Segment Reporting Information [Line Items]
Asset impairments and other, net		18,100
Insurance
Segment Reporting Information [Line Items]
Asset impairments and other, net		600
Professional Fees Related to Actions of Activist Shareholder
Segment Reporting Information [Line Items]
Asset impairments and other, net		$ 8,600

Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Accounts Receivable Allowances
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning Balance	$ 5,015	$ 2,940	$ 2,894
Charged to Profit and Loss	19	2,606	133
Reductions	(378)	(531)	(87)
Ending Balance	4,656	5,015	2,940
Markdown Allowance
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning Balance	14,951	5,559	7,019
Charged to Profit and Loss		11,080	1,579
Reductions	(11,792)	(1,688)	(3,039)
Ending Balance	$ 3,159	$ 14,951	$ 5,559