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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	May 05, 2018	Jun. 06, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Ollie's Bargain Outlet Holdings, Inc.
Entity Central Index Key	0001639300
Current Fiscal Year End Date	--02-03
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		62,348,159
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 05, 2018

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Consolidated Statements of Income (Unaudited) [Abstract]
Net sales	$ 275,739	$ 227,602
Cost of sales	162,863	134,667
Gross profit	112,876	92,935
Selling, general and administrative expenses	72,364	61,731
Depreciation and amortization expenses	2,763	2,272
Pre-opening expenses	1,764	1,598
Operating income	35,985	27,334
Interest expense, net	538	1,334
Loss on extinguishment of debt	100	397
Income before income taxes	35,347	25,603
Income tax expense	4,893	6,637
Net income	$ 30,454	$ 18,966
Earnings per common share:
Basic (in dollars per share)	$ 0.49	$ 0.31
Diluted (in dollars per share)	$ 0.46	$ 0.29
Weighted average common shares outstanding:
Basic (in shares)	62,169	60,880
Diluted (in shares)	65,624	64,389

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Current assets:
Cash and cash equivalents	$ 27,614	$ 39,234	$ 33,720
Inventories	276,040	255,185	246,630
Accounts receivable	414	1,271	330
Prepaid expenses and other assets	8,132	7,986	3,312
Total current assets	312,200	303,676	283,992
Property and equipment, net of accumulated depreciation of $53,276, $41,144 and $50,076, respectively	55,647	54,888	47,061
Goodwill	444,850	444,850	444,850
Trade name and other intangible assets, net of accumulated amortization of $1,909, $1,574 and $1,825, respectively	232,555	232,639	232,890
Other assets	2,084	2,146	2,338
Total assets	1,047,336	1,038,199	1,011,131
Current liabilities:
Current portion of long-term debt	10,143	10,158	6,340
Accounts payable	75,420	74,206	62,935
Income taxes payable	10,858	6,035	11,919
Accrued expenses and other	47,067	46,327	39,939
Total current liabilities	143,488	136,726	121,133
Revolving credit facility	0	0	0
Long-term debt	13,926	38,835	121,905
Deferred income taxes	57,094	59,073	88,360
Other long-term liabilities	7,113	7,103	5,259
Total liabilities	221,621	241,737	336,657
Stockholders' equity:
Preferred stock - 50,000 shares authorized at $0.001 par value; no shares issued	0	0	0
Common stock - 500,000 shares authorized at $0.001 par value; 62,358, 61,130 and 62,007 shares issued, respectively	62	62	61
Additional paid-in capital	587,857	583,467	570,108
Retained earnings	237,882	213,019	104,391
Treasury - common stock, at cost; 9 shares	(86)	(86)	(86)
Total stockholders' equity	825,715	796,462	674,474
Total liabilities and stockholders' equity	$ 1,047,336	$ 1,038,199	$ 1,011,131

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Assets
Property and equipment, accumulated depreciation	$ 53,276	$ 50,076	$ 41,144
Trade name and other intangible assets, accumulated amortization	$ 1,909	$ 1,825	$ 1,574
Stockholders' equity:
Preferred stock, shares authorized (in shares)	50,000	50,000	50,000
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares issued (in shares)	0	0	0
Common stock, shares authorized (in shares)	500,000	500,000	500,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Common stock, shares issued (in shares)	62,358	62,007	61,130
Treasury - common stock (in shares)	9	9	9

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance at Jan. 28, 2017	$ 61	$ (86)	$ 565,861	$ 85,425	$ 651,261
Beginning balance (in shares) at Jan. 28, 2017	60,756	(9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	$ 0	$ 0	1,911	0	1,911
Proceeds from stock options exercised	$ 0	$ 0	2,555	0	2,555
Proceeds from stock options exercised (in shares)	355	0
Vesting of restricted stock	$ 0	$ 0	0	0	0
Vesting of restricted stock (in shares)	26	0
Common shares withheld for taxes	$ 0	$ 0	(219)	0	(219)
Common shares withheld for taxes (in shares)	(7)	0
Net income	$ 0	$ 0	0	18,966	18,966
Ending balance at Apr. 29, 2017	$ 61	$ (86)	570,108	104,391	674,474
Ending balance (in shares) at Apr. 29, 2017	61,130	(9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adopting ASU 2014-09 (Note 2) \| ASU 2014-09 [Member]	$ 0	$ 0	0	(5,591)	(5,591)
Beginning balance at Feb. 03, 2018	$ 62	$ (86)	583,467	213,019	796,462
Beginning balance (in shares) at Feb. 03, 2018	62,007	(9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	$ 0	$ 0	1,600	0	1,600
Proceeds from stock options exercised	$ 0	$ 0	3,492	0	3,492
Proceeds from stock options exercised (in shares)	312	0
Vesting of restricted stock	$ 0	$ 0	0	0	0
Vesting of restricted stock (in shares)	51	0
Common shares withheld for taxes	$ 0	$ 0	(702)	0	(702)
Common shares withheld for taxes (in shares)	(12)	0
Net income	$ 0	$ 0	0	30,454	30,454
Ending balance at May. 05, 2018	$ 62	$ (86)	$ 587,857	$ 237,882	$ 825,715
Ending balance (in shares) at May. 05, 2018	62,358	(9)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Cash flows from operating activities:
Net income	$ 30,454	$ 18,966
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	3,309	2,775
Amortization of debt issuance costs	128	180
Amortization of original issue discount	2	5
Loss on extinguishment of debt	100	397
Gain on sale of assets	(6)	(8)
Amortization of intangibles	84	87
Deferred income tax benefit	(57)	(864)
Deferred rent expense	128	183
Stock-based compensation expense	1,600	1,911
Changes in operating assets and liabilities:
Inventories	(20,855)	(36,523)
Accounts receivable	857	(29)
Prepaid expenses and other assets	(188)	370
Accounts payable	1,500	11,746
Income taxes payable	4,823	7,371
Accrued expenses and other liabilities	(6,531)	(4,648)
Net cash provided by operating activities	15,348	1,919
Cash flows from investing activities:
Purchases of property and equipment	(4,719)	(2,953)
Proceeds from sale of property and equipment	11	8
Net cash used in investing activities	(4,708)	(2,945)
Cash flows from financing activities:
Borrowings on revolving credit facility	287,750	236,389
Repayments on revolving credit facility	(287,750)	(236,389)
Repayments on term loan and capital leases	(25,050)	(66,273)
Proceeds from stock option exercises	3,492	2,555
Common shares withheld for taxes	(702)	(219)
Net cash used in financing activities	(22,260)	(63,937)
Net decrease in cash and cash equivalents	(11,620)	(64,963)
Cash and cash equivalents at the beginning of the period	39,234	98,683
Cash and cash equivalents at the end of the period	27,614	33,720
Cash paid during the period for:
Interest	421	1,152
Income taxes	127	130
Non-cash investing activities:
Accrued purchases of property and equipment	$ 1,279	$ 1,518

Organization and Summary of Significant Accounting Policies

3 Months Ended

May 05, 2018

Organization and Summary of Significant Accounting Policies [Abstract]

Organization and Summary of Significant Accounting Policies

(1)	Organization and Summary of Significant Accounting Policies

(a)

Description of Business

Ollie’s Bargain Outlet Holdings, Inc. and subsidiaries (collectively referenced to as the “Company” or “Ollie’s”) principally buys overproduced, overstocked, and closeout merchandise from manufacturers, wholesalers and other retailers. In addition, the Company augments its name-brand closeout deals with directly sourced private label products featuring names exclusive to Ollie’s in order to provide consistently value-priced goods in select key merchandise categories.

Since its first store opened in 1982, the Company has grown to 276 retail locations in 21 states as of May 5, 2018. Ollie’s Bargain Outlet retail locations are located in Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia and West Virginia.

(b)

Fiscal Year

Ollie’s follows a 52/53-week fiscal year, which ends on the Saturday nearer to January 31 of the following year. References to the thirteen weeks ended May 5, 2018 and April 29, 2017 refer to the thirteen weeks from February 4, 2018 to May 5, 2018 and from January 29, 2017 to April 29, 2017, respectively. References to “2017” refer to the fiscal year ended February 3, 2018, which consisted of a 53-week period. References to “2018” refer to the fiscal year ending February 2, 2019, which consists of a 52-week period.

(c)

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The condensed consolidated financial statements reflect all normal recurring adjustments which management believes are necessary to present fairly the Company’s results of operations, financial condition, and cash flows for all periods presented. The condensed consolidated balance sheets as of May 5, 2018 and April 29, 2017, and the condensed consolidated statements of income, stockholders’ equity and cash flows for the thirteen weeks ended May 5, 2018 and April 29, 2017 have been prepared by the Company and are unaudited. The Company’s business is seasonal in nature and results of operations for the interim periods presented are not necessarily indicative of operating results for 2018 or any other period. All intercompany accounts, transactions, and balances have been eliminated in consolidation.

The Company’s balance sheet as of February 3, 2018, presented herein, has been derived from the audited balance sheet included in the Company’s Annual Report on Form 10-K filed with the SEC on April 4, 2018 (“Annual Report”), but does not include all disclosures required by GAAP. These financial statements should be read in conjunction with the financial statements for 2017 and footnotes thereto included in the Annual Report.

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

(d)

Use of Estimates

The preparation of condensed consolidated financial statements in conformity with 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

(e)

Fair Value Disclosures

Fair value is defined as the price which the Company would receive to sell an asset or pay to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. In determining fair value, GAAP establishes a three‑level hierarchy used in measuring fair value, as follows:

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets or other inputs which are observable or can be corroborated by observable market data.

Level 3 inputs are less observable and reflect the Company’s assumptions.

The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, its revolving credit facility and its term loan facility. The carrying amount of cash and cash equivalents, accounts receivable and accounts payable approximates fair value because of their short maturities. The carrying amount of the revolving credit facility and term loan facility approximates its fair value because the interest rates are adjusted regularly based on current market conditions.

(f)

Recently Issued Accounting Pronouncements

Leases

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases. ASU 2016-02 requires that lease arrangements longer than 12 months result in an entity recognizing a right-of-use asset and lease liability. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. Substantially all of the Company’s store locations and distribution centers are subject to operating lease arrangements. The Company is currently evaluating the impact of the adoption of this new standard on its consolidated financial statements and related disclosures, and anticipates it will result in significant right-of-use assets and related liabilities on its consolidated balance sheets.

Net Sales

3 Months Ended

May 05, 2018

Net Sales [Abstract]

Net Sales

(2)

Net Sales

Ollie’s recognizes retail sales in its stores when merchandise is sold and the customer takes possession of merchandise. Also, included in net sales, is revenue allocated to certain redeemed discounts earned via the Ollie’s Army loyalty program and gift card breakage. Net sales are presented net of returns and sales tax. The Company provides an allowance for estimated retail merchandise returns based on prior experience.

Adoption of ASU 2014-09, Revenue from Contracts with Customers

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The new standard supersedes U.S. GAAP guidance on revenue recognition and requires the use of more estimates and judgments than present standards.

The Company adopted ASU 2014-09 as of February 4, 2018 using the modified retrospective transition method. Results for reporting periods beginning after February 4, 2018 are presented pursuant to the requirements of the new standard, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under prior guidance.

The Company recorded a net reduction to the opening balance of retained earnings of $5.6 million as of February 4, 2018 due to the cumulative impact of adopting ASU 2014-09, with the impact primarily related to the changes in revenue recognition associated with the Company’s customer loyalty program and gift card breakage.

The cumulative effect of changes to the Company’s consolidated February 4, 2018 balance sheet for the adoption of ASU 2014-09 was as follows (in thousands):

	Balance at February 3, 2018		Adjustments Due to ASU 2014-09			Balance at February 4, 2018

Assets
Inventories	$	255,185	$	339		$	255,524

Liabilities
Accrued expenses and other		46,327		7,853			54,180
Deferred income taxes		59,073		(1,923	)		57,150

Equity
Retained earnings		213,019		(5,591	)		207,428

The Company has determined the adoption of ASU 2014-09 has changed the presentation for the following:

Revenue is deferred for the Ollie’s Army loyalty program where members accumulate points that can be redeemed for discounts on future purchases. The Company has determined it has an additional performance obligation to Ollie’s Army members at the time of the initial transaction. The Company allocates the transaction price to the initial transaction and the discount awards based upon its relative standalone selling price, which considers historical redemption patterns for the award. Revenue is recognized as those discount awards are redeemed. Discount awards which are issued upon the achievement of specified point levels expire 90 days from the date of issuance. At the end of each fiscal period, unredeemed discount awards and accumulated points to earn a future discount award, are reflected as a liability. Discount awards are combined in one homogeneous pool and are not separately identifiable. Therefore, the revenue recognized consisted of discount awards redeemed that were included in the deferred revenue balance at the beginning of the period as well as discount awards issued during the current period. The following table is a reconciliation of the liability related to this program (in thousands):

Balance at February 3, 2018	$	8,321
Revenue deferred		2,575
Revenue recognized		(2,364	)
Balance at May 5, 2018	$	8,532

Gift card breakage for gift card liabilities not subject to escheatment is recognized as revenue in proportion to the redemption of gift cards rather than when redemption of the gift card was considered remote. Ollie’s gift cards do not expire. The rate applied to redemptions is based upon a historical breakage rate. Gift cards are combined in one homogenous pool and are not separately identifiable. Therefore, the revenue recognized consisted of gift cards that were included in the liability at the beginning of the period as well as gift cards that were issued during the period. The following table is a reconciliation of the gift card liability (in thousands):

Balance at February 3, 2018	$	1,223
Gift card issuances		908
Gift card redemption and breakage		(990	)
Balance at May 5, 2018	$	1,141

Sales return allowance is recorded on a gross basis on the condensed consolidated balance sheet as a refund liability and an asset for recovery rather than as a net liability. The allowance for estimated retail merchandise returns is based on prior experience.

The adoption of ASU 2014-09 did not have a material impact on the Company’s condensed consolidated income statement and statement of cash flows for the thirteen weeks ended May 5, 2018. As a result of the adoption of ASU 2014-09, the Company’s balance sheet at May 5, 2018 reflected an additional liability of $8.5 million related to the Ollie’s Army loyalty program which would not have been recorded prior to adoption. Other changes to the condensed consolidated balance sheet at May 5, 2018 were not significant.

Earnings per Common Share

3 Months Ended

May 05, 2018

Earnings per Common Share [Abstract]

Earnings per Common Share

(3)	Earnings per Common Share

Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding after giving effect to the potential dilution, if applicable, from the assumed exercise of stock options into shares of common stock as if those stock options were exercised and the assumed lapse of restrictions on restricted stock units.

The following table summarizes those effects for the diluted earnings per common share calculation (in thousands, except per share amounts):

	Thirteen weeks ended
	May 5, 2018		April 29, 2017

Net income	$	30,454	$	18,966
Weighted average number of common shares outstanding – Basic		62,169		60,880
Incremental shares from the assumed exercise of outstanding stock options and vesting of restricted stock units		3,455		3,509
Weighted average number of common shares outstanding - Diluted		65,624		64,389
Earnings per common share – Basic	$	0.49	$	0.31
Earnings per common share - Diluted	$	0.46	$	0.29

The effect of the weighted average assumed exercise of stock options outstanding totaling 124,738 and 195,626 for the thirteen weeks ended May 5, 2018 and April 29, 2017, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.

The effect of weighted average non-vested restricted stock units outstanding totaling 26,333 and 0 for the thirteen weeks ended May 5, 2018 and April 29, 2017, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.

Accrued Expenses and Other

3 Months Ended

May 05, 2018

Accrued Expenses and Other [Abstract]

Accrued Expenses and Other

(4)	Accrued Expenses and Other

Accrued expenses and other consists of the following (in thousands):

	May 5, 2018		April 29, 2017		February 3, 2018
Deferred revenue	$	8,532	$	-	$	-
Compensation and benefits		6,910		8,235		14,181
Sales and use taxes		4,721		3,448		3,865
Freight		4,434		6,943		3,836
Insurance		3,918		2,892		2,768
Real estate related		3,772		3,446		4,019
Advertising		3,339		3,849		5,523
Other		11,441		11,126		12,135
	$	47,067	$	39,939	$	46,327

Debt Obligations and Financing Arrangements

3 Months Ended

May 05, 2018

Debt Obligations and Financing Arrangements [Abstract]

Debt Obligations and Financing Arrangements

(5)	Debt Obligations and Financing Arrangements

Long-term debt consists of the following (in thousands):

	May 5, 2018			April 29, 2017			February 3, 2018

Term loan, net	$	23,655		$	127,968		$	48,530
Capital leases		414			277			463
Total debt		24,069			128,245			48,993
Less: current portion		(10,143	)		(6,340	)		(10,158	)
Long-term debt	$	13,926		$	121,905		$	38,835

On January 29, 2016, the Company refinanced its existing senior secured credit facility with the proceeds of its new Credit Facilities (as defined below). The new credit facilities consist of a $200.0 million term loan (“Term Loan Facility”) and a $100.0 million revolving credit facility (“Revolving Credit Facility”, and together with the Term Loan Facility, the “Credit Facilities”) which includes a $25.0 million sub-facility for letters of credit and a $25.0 million sub-facility for swingline loans.

The interest rates for the Credit Facilities are not subject to a floor and are calculated as the higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50% or the Eurodollar Rate plus 1.0%, plus the Applicable Margin, or, for Eurodollar Loans, the Eurodollar Rate plus the Applicable Margin. The Applicable Margin will vary from 0.75% to 1.25% for a Base Rate Loan and 1.75% to 2.25% for a Eurodollar Loan, based on reference to the total leverage ratio. The Credit Facilities mature on January 29, 2021.

As of May 5, 2018, the Term Loan Facility is subject to amortization with principal payable in quarterly installments of $2.5 million to be made on the last business day of each fiscal quarter prior to maturity. The remaining initial aggregate advances under the Term Loan Facility are payable at maturity.

The Company made voluntary prepayments under the Term Loan Facility totaling $25.0 million and $65.0 million during the thirteen weeks ended May 5, 2018 and April 29, 2017, respectively. In connection with these prepayments, $0.1 million and $0.3 million of debt issuance cost and $7,000 and $0.1 million of original issue discount were accelerated and included in loss on extinguishment of debt for the thirteen weeks ended May 5, 2018 and April 29, 2017, respectively. In accordance with the terms of the Term Loan Facility, prepayments were applied against the remaining scheduled installment payments of principal due under the Term Loan Facility in direct order of maturity. As a result, the Company is no longer obligated to make the scheduled installment payments of principal; however, the Company currently intends to continue to make these payments and therefore has classified such payments as current portion of long-term debt in the condensed consolidated balance sheet.

Under the terms of the Revolving Credit Facility, as of May 5, 2018, the Company could borrow up to 90.0% of the most recent appraised value (valued at cost, discounted for the current net orderly liquidation value) of its eligible inventory, as defined, up to $100.0 million.

As of May 5, 2018, Ollie’s had $23.7 million of outstanding indebtedness under the Term Loan Facility and no outstanding borrowings under the Revolving Credit Facility, with $95.3 million of borrowing availability, letter of credit commitments of $4.4 million and $0.3 million of rent reserves. The interest rate on the outstanding borrowings under the Term Loan Facility was 1.75% plus the 30-day Eurodollar Rate, or 3.65%. The Revolving Credit Facility also contains a variable unused line fee ranging from 0.250% to 0.375% per annum.

As of May 5, 2018 and April 29, 2017, the amounts outstanding under the Term Loan Facility are net of unamortized original issue discount of $7,000 and $0.1 million and deferred financing fees of $0.1 million and $0.7 million in each respective period.

The Credit Facilities are collateralized by the Company’s assets and equity and contain financial covenants, as well as certain business covenants, including restrictions on dividend payments, which the Company must comply with during the term of the agreements. The financial covenants include a consolidated fixed charge coverage ratio test of at least 1.1 to 1.0 and a total leverage test of no greater than 3.5 to 1.0. The Company was in compliance with all terms of the Credit Facilities during the thirteen weeks ended May 5, 2018.

The provisions of the Credit Facilities restrict all of the net assets of the Company’s consolidated subsidiaries, which constitutes all of the net assets on the Company’s consolidated balance sheet as of May 5, 2018, from being used to pay any dividends or make other restricted payments to the Company without prior written consent from the financial institutions that are a party to the Credit Facilities, subject to certain exceptions.

Income Taxes

3 Months Ended

May 05, 2018

Income Taxes [Abstract]

Income Taxes

(6)	Income Taxes

The provision for income taxes is based on the current estimate of the annual effective tax rate and is adjusted as necessary for discrete events occurring in a particular period. The effective tax rates for the thirteen weeks ended May 5, 2018 and April 29, 2017 were 13.8% and 25.9%, respectively. The effective tax rate was lower for the thirteen weeks ended May 5, 2018 primarily as a result of the provisions of the recently enacted Tax Cuts and Jobs Act, which, among other things, permanently lowered the federal corporate tax rate to 21% from the prior maximum rate of 35%, effective for tax years including or commencing January 1, 2018. In addition, the thirteen weeks ended May 5, 2018 and April 29, 2017 included a discrete tax benefit of $3.9 million and $3.2 million, respectively, due to excess tax benefits related to stock-based compensation.

Commitments and Contingencies

3 Months Ended

May 05, 2018

Commitments and Contingencies [Abstract]

Commitments and Contingencies

(7)	Commitments and Contingencies

The Company commenced five new store leases during the thirteen weeks ended May 5, 2018. The fully executed leases have initial terms of approximately seven years with options to renew for three to four successive five-year periods. The initial terms of these new store leases have future minimum lease payments totaling approximately $6.0 million.

From time to time the Company may be involved in claims and legal actions that arise in the ordinary course of its business. The Company cannot predict the outcome of any litigation or suit to which it is a party. However, the Company does not believe that an unfavorable decision of any of the current claims or legal actions against it, individually or in the aggregate, will have a material adverse effect on its financial position, results of operations, liquidity or capital resources.

Equity Incentive Plans

3 Months Ended

May 05, 2018

Equity Incentive Plans [Abstract]

Equity Incentive Plans

(8)	Equity Incentive Plans

During 2012, Ollie’s established an equity incentive plan (the “2012 Plan”), under which stock options were granted to executive officers and key employees as deemed appropriate under the provisions of the 2012 Plan, with an exercise price at the fair value of the underlying stock on the date of grant. The vesting period for options granted under the 2012 Plan is five years (20% ratably per year). Options granted under the 2012 Plan are subject to employment for vesting, expire 10 years from the date of grant and are not transferable other than upon death. As of July 15, 2015, the date of the pricing of the Company’s initial public offering, no additional equity grants will be made under the 2012 Plan.

In connection with its initial public offering, the Company adopted the 2015 equity incentive plan (the “2015 Plan”) pursuant to which the Company’s Board of Directors may grant stock options, restricted shares or other awards to employees, directors and consultants. The 2015 Plan allows for the issuance of up to 5,250,000 shares. Awards will be made pursuant to agreements and may be subject to vesting and other restrictions as determined by the Board of Directors or the Compensation Committee of the Board. The Company uses authorized and unissued shares to satisfy share award exercises. As of May 5, 2018, there were 3,458,829 shares available for grant under the 2015 Plan.

Stock Options

The exercise price for stock options is determined at the fair value of the underlying stock on the date of grant. The vesting period for awards granted under the 2015 Plan is generally set at four years (25% ratably per year). Awards are subject to employment for vesting, expire 10 years from the date of grant, and are not transferable other than upon death.

A summary of the Company’s stock option activity and related information follows for the thirteen weeks ended May 5, 2018 (in thousands, except share and per share amounts):

	Number of options			Weighted average exercise price		Weighted average remaining contractual term (years)
Outstanding at February 3, 2018		4,458,387		$	11.65
Granted		273,419			58.79
Forfeited		(9,220	)		31.28
Exercised		(311,776	)		11.20
Outstanding at May 5, 2018		4,410,810			14.57		6.1
Exercisable at May 5, 2018		2,797,229			8.86		5.1

The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and management uses different assumptions, stock-based compensation expense could be materially different for future awards.

The expected life of stock options was estimated using the “simplified method,” as the Company has no historical information to develop reasonable expectations about future exercise patterns and post-vesting employment termination behavior for its stock option grants. The simplified method is based on the average of the vesting tranches and the contractual life of each grant. For stock price volatility, the Company uses comparable public companies as a basis for its expected volatility to calculate the fair value of option grants. The risk-free interest rate is based on U.S. Treasury notes with a term approximating the expected life of the option.

The weighted average grant date fair value per option for options granted during the thirteen weeks ended May 5, 2018 and April 29, 2017 was $18.73 and $10.56, respectively. The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that used the weighted average assumptions in the following table:

	Thirteen weeks ended
	May 5, 2018			April 29, 2017
Risk-free interest rate		2.70	%		2.20	%
Expected dividend yield		—			—
Expected term (years)	6.25 years			6.25 years
Expected volatility		25.84	%		28.36	%

Restricted Stock Units

Restricted stock units (“RSUs”) are issued at a value not less than the fair market value of the common stock on the date of the grant. RSUs granted to date vest ratably over three or four years or cliff vest in one or four years. Awards are subject to employment for vesting and are not transferable other than upon death.

A summary of the Company’s RSU activity and related information for the thirteen weeks ended May 5, 2018 is as follows:

	Number of shares			Weighted average grant date fair value
Non-vested balance at February 3, 2018		207,346		$	26.15
Granted		62,869			58.76
Vested		(50,645	)		26.09
Non-vested balance at May 5, 2018		219,570			35.50

Stock-Based Compensation Expense

The compensation cost for stock options and RSUs which have been recorded within selling, general and administrative expenses related to the Company’s equity incentive plans was $1.6 million and $1.9 million for the thirteen weeks ended May 5, 2018 and April 29, 2017, respectively.

As of May 5, 2018 there was $18.7 million of total unrecognized compensation cost related to non-vested stock-based compensation arrangements. That cost is expected to be recognized over a weighted average period of 2.9 years. Compensation costs related to awards are recognized using the straight-line method.

Transactions with Related Parties

3 Months Ended

May 05, 2018

Transactions with Related Parties [Abstract]

Transactions with Related Parties

(9)	Transactions with Related Parties

The Company has entered into five non-cancelable operating leases with related parties for office and store locations. Ollie’s made $0.4 million and $0.3 million in rent payments to such related parties during each of the thirteen weeks ended May 5, 2018 and April 29, 2017, respectively.

Organization and Summary of Significant Accounting Policies (Policies)

3 Months Ended

May 05, 2018

Organization and Summary of Significant Accounting Policies [Abstract]

Fiscal Year

(b)

Fiscal Year

Basis of Presentation

(c)

Basis of Presentation

Segment Reporting

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

Use of Estimates

(d)

Use of Estimates

Fair Value Disclosures

(e)

Fair Value Disclosures

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

Level 3 inputs are less observable and reflect the Company’s assumptions.

Recently Issued Accounting Pronouncements

(f)

Recently Issued Accounting Pronouncements

Leases

Net Sales (Tables)

3 Months Ended

May 05, 2018

Net Sales [Abstract]

Cumulative Effect of Changes to Consolidated Balance Sheet for Adoption of ASU 2014-09

The cumulative effect of changes to the Company’s consolidated February 4, 2018 balance sheet for the adoption of ASU 2014-09 was as follows (in thousands):

	Balance at February 3, 2018		Adjustments Due to ASU 2014-09			Balance at February 4, 2018

Assets
Inventories	$	255,185	$	339		$	255,524

Liabilities
Accrued expenses and other		46,327		7,853			54,180
Deferred income taxes		59,073		(1,923	)		57,150

Equity
Retained earnings		213,019		(5,591	)		207,428

Ollie's Army Loyalty Program Liability

Balance at February 3, 2018	$	8,321
Revenue deferred		2,575
Revenue recognized		(2,364	)
Balance at May 5, 2018	$	8,532

Gift Card Liability

Balance at February 3, 2018	$	1,223
Gift card issuances		908
Gift card redemption and breakage		(990	)
Balance at May 5, 2018	$	1,141

Earnings per Common Share (Tables)

3 Months Ended

May 05, 2018

Earnings per Common Share [Abstract]

Earnings per Common Share

The following table summarizes those effects for the diluted earnings per common share calculation (in thousands, except per share amounts):

	Thirteen weeks ended
	May 5, 2018		April 29, 2017

Net income	$	30,454	$	18,966
Weighted average number of common shares outstanding – Basic		62,169		60,880
Incremental shares from the assumed exercise of outstanding stock options and vesting of restricted stock units		3,455		3,509
Weighted average number of common shares outstanding - Diluted		65,624		64,389
Earnings per common share – Basic	$	0.49	$	0.31
Earnings per common share - Diluted	$	0.46	$	0.29

Accrued Expenses and Other (Tables)

3 Months Ended

May 05, 2018

Accrued Expenses and Other [Abstract]

Accrued Expenses and Other

Accrued expenses and other consists of the following (in thousands):

	May 5, 2018		April 29, 2017		February 3, 2018
Deferred revenue	$	8,532	$	-	$	-
Compensation and benefits		6,910		8,235		14,181
Sales and use taxes		4,721		3,448		3,865
Freight		4,434		6,943		3,836
Insurance		3,918		2,892		2,768
Real estate related		3,772		3,446		4,019
Advertising		3,339		3,849		5,523
Other		11,441		11,126		12,135
	$	47,067	$	39,939	$	46,327

Debt Obligations and Financing Arrangements (Tables)

3 Months Ended

May 05, 2018

Debt Obligations and Financing Arrangements [Abstract]

Long-term Debt

Long-term debt consists of the following (in thousands):

	May 5, 2018			April 29, 2017			February 3, 2018

Term loan, net	$	23,655		$	127,968		$	48,530
Capital leases		414			277			463
Total debt		24,069			128,245			48,993
Less: current portion		(10,143	)		(6,340	)		(10,158	)
Long-term debt	$	13,926		$	121,905		$	38,835

- 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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Equity Incentive Plans (Tables)

3 Months Ended

May 05, 2018

Equity Incentive Plans [Abstract]

Stock Option Activity

A summary of the Company’s stock option activity and related information follows for the thirteen weeks ended May 5, 2018 (in thousands, except share and per share amounts):

	Number of options			Weighted average exercise price		Weighted average remaining contractual term (years)
Outstanding at February 3, 2018		4,458,387		$	11.65
Granted		273,419			58.79
Forfeited		(9,220	)		31.28
Exercised		(311,776	)		11.20
Outstanding at May 5, 2018		4,410,810			14.57		6.1
Exercisable at May 5, 2018		2,797,229			8.86		5.1

Weighted Average Assumptions

The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that used the weighted average assumptions in the following table:

	Thirteen weeks ended
	May 5, 2018			April 29, 2017
Risk-free interest rate		2.70	%		2.20	%
Expected dividend yield		—			—
Expected term (years)	6.25 years			6.25 years
Expected volatility		25.84	%		28.36	%

RSU Activity

A summary of the Company’s RSU activity and related information for the thirteen weeks ended May 5, 2018 is as follows:

	Number of shares			Weighted average grant date fair value
Non-vested balance at February 3, 2018		207,346		$	26.15
Granted		62,869			58.76
Vested		(50,645	)		26.09
Non-vested balance at May 5, 2018		219,570			35.50

Organization and Summary of Significant Accounting Policies (Details)	3 Months Ended
	May 05, 2018 Location State Segment
Organization and Summary of Significant Accounting Policies [Abstract]
Number of retail locations \| Location	276
Number of states in which retail locations are located \| State	21
Number of operating segments \| Segment	1

Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended
Net Sales (Details) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Assets [Abstract]
Inventories	$ 276,040	$ 255,185	$ 246,630
Liabilities [Abstract]
Accrued expenses and other	47,067	46,327	39,939
Deferred income taxes	57,094	59,073	88,360
Equity [Abstract]
Retained earnings	$ 237,882	213,019	$ 104,391
Ollie's Army Loyalty Program Liability [Abstract]
Expiration period of discount awards from date of issuance	90 days
Balance at beginning of period	$ 0
Balance at end of period	8,532
Gift Card Liability [Abstract]
Balance at beginning of period	1,223
Gift card issuances	908
Gift card redemption and breakage	(990)
Balance at end of period	1,141
ASU 2014-09 [Member]
Assets [Abstract]
Inventories		255,524
Liabilities [Abstract]
Accrued expenses and other		54,180
Deferred income taxes		57,150
Equity [Abstract]
Retained earnings		207,428
Ollie's Army Loyalty Program Liability [Abstract]
Balance at beginning of period	8,321
Revenue deferred	2,575
Revenue recognized	(2,364)
Balance at end of period	$ 8,532
Adjustments Due to ASU 2014-09 [Member] \| ASU 2014-09 [Member]
Assets [Abstract]
Inventories		339
Liabilities [Abstract]
Accrued expenses and other		7,853
Deferred income taxes		(1,923)
Equity [Abstract]
Retained earnings		$ (5,591)

Earnings per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Earnings per Common Share [Abstract]
Net income	$ 30,454	$ 18,966
Weighted average number of common shares outstanding - Basic (in shares)	62,169,000	60,880,000
Incremental shares from the assumed exercise of outstanding stock options and vesting of restricted stock units (in shares)	3,455,000	3,509,000
Weighted average number of common shares outstanding - Diluted (in shares)	65,624,000	64,389,000
Earnings per common share - Basic (in dollars per share)	$ 0.49	$ 0.31
Earnings per common share - Diluted (in dollars per share)	$ 0.46	$ 0.29
Stock Options [Member]
Earnings per Common Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	124,738	195,626
Non-vested Restricted Stock Units [Member]
Earnings per Common Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	26,333	0

Accrued Expenses and Other (Details) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Accrued Expenses and Other [Abstract]
Deferred revenue	$ 8,532	$ 0	$ 0
Compensation and benefits	6,910	14,181	8,235
Sales and use taxes	4,721	3,865	3,448
Freight	4,434	3,836	6,943
Insurance	3,918	2,768	2,892
Real estate related	3,772	4,019	3,446
Advertising	3,339	5,523	3,849
Other	11,441	12,135	11,126
Total accrued expenses	$ 47,067	$ 46,327	$ 39,939

Debt Obligations and Financing Arrangements, Long-term Debt (Details) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Debt Obligations and Financing Arrangements [Abstract]
Term loan, net	$ 23,655	$ 48,530	$ 127,968
Capital leases	414	463	277
Total debt	24,069	48,993	128,245
Less: current portion	(10,143)	(10,158)	(6,340)
Long-term debt	$ 13,926	$ 38,835	$ 121,905

Debt Obligations and Financing Arrangements, Credit Facilities (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 29, 2016	May 05, 2018	Apr. 29, 2017	Feb. 03, 2018
Debt Obligations and Financing Arrangements [Abstract]
Outstanding indebtedness		$ 23,655	$ 127,968	$ 48,530
Credit Facilities [Member]
Debt Obligations and Financing Arrangements [Abstract]
Maturity date		Jan. 29, 2021
Credit Facilities [Member] \| Minimum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Consolidated fixed charge coverage ratio		1.1
Credit Facilities [Member] \| Maximum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Total leverage ratio		3.5
Credit Facilities [Member] \| Federal Funds Effective Rate [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	0.50%
Credit Facilities [Member] \| Eurodollar Rate [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	1.00%
Credit Facilities [Member] \| Eurodollar Rate [Member] \| Minimum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	1.75%
Credit Facilities [Member] \| Eurodollar Rate [Member] \| Maximum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	2.25%
Credit Facilities [Member] \| Base Rate [Member] \| Minimum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	0.75%
Credit Facilities [Member] \| Base Rate [Member] \| Maximum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	1.25%
Term Loan Facility [Member]
Debt Obligations and Financing Arrangements [Abstract]
Face amount	$ 200,000
Basis spread		1.75%
Principal payment		$ 2,500
Frequency of principal payment		Quarterly
Repayment of debt		$ 25,000	65,000
Debt issuance costs written off		100	300
Original issue discount written off		7	100
Outstanding indebtedness		$ 23,700
Interest rate on outstanding borrowings		3.65%
Unamortized original issue discount		$ 7	100
Deferred financing fees		$ 100	$ 700
Term Loan Facility [Member] \| Eurodollar Rate [Member]
Debt Obligations and Financing Arrangements [Abstract]
Term of variable rate		30 days
Revolving Credit Facility [Member]
Debt Obligations and Financing Arrangements [Abstract]
Maximum borrowing capacity	100,000	$ 100,000
Percentage of most recent appraised value of eligible inventory		90.00%
Outstanding borrowings		$ 0
Borrowing availability		95,300
Letter of credit commitments		4,400
Rent reserves		$ 300
Revolving Credit Facility [Member] \| Minimum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Variable unused line fee percentage		0.25%
Revolving Credit Facility [Member] \| Maximum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Variable unused line fee percentage		0.375%
Letters of Credit [Member]
Debt Obligations and Financing Arrangements [Abstract]
Maximum borrowing capacity	25,000
Swingline Loans [Member]
Debt Obligations and Financing Arrangements [Abstract]
Maximum borrowing capacity	$ 25,000

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		4 Months Ended	12 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	May 05, 2018	Apr. 29, 2017	May 05, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Effective income tax rate	13.80%	25.90%
Statutory federal rate			21.00%	35.00%
Excess tax benefits related to stock-based compensation	$ (3.9)	$ (3.2)

Commitments and Contingencies (Details) - New Stores [Member] $ in Millions	3 Months Ended
	May 05, 2018 USD ($) Lease Option
Commitments and Contingencies [Abstract]
Number of new store leases \| Lease	5
Initial term of leases	7 years
Renewal term of leases	5 years
Future minimum lease payments \| $	$ 6.0
Minimum [Member]
Commitments and Contingencies [Abstract]
Number of options to renew leases	3
Maximum [Member]
Commitments and Contingencies [Abstract]
Number of options to renew leases	4

Equity Incentive Plans, Equity Incentive Plans (Details)	3 Months Ended
	May 05, 2018 shares
2012 Plan [Member] \| Stock Options [Member]
Equity Incentive Plans [Abstract]
Vesting period	5 years
Vesting percentage	20.00%
Expiration period	10 years
2015 Plan [Member]
Equity Incentive Plans [Abstract]
Number of shares authorized for issuance (in shares)	5,250,000
Number of shares available for grant (in shares)	3,458,829
2015 Plan [Member] \| Stock Options [Member]
Equity Incentive Plans [Abstract]
Vesting period	4 years
Vesting percentage	25.00%
Expiration period	10 years

Equity Incentive Plans, Stock Option Activity (Details) - Stock Options [Member]	3 Months Ended
	May 05, 2018 $ / shares shares
Number of Options [Roll Forward]
Outstanding at beginning of period (in shares) \| shares	4,458,387
Granted (in shares) \| shares	273,419
Forfeited (in shares) \| shares	(9,220)
Exercised (in shares) \| shares	(311,776)
Outstanding at end of period (in shares) \| shares	4,410,810
Exercisable at end of period (in shares) \| shares	2,797,229
Weighted Average Exercise Price [Abstract]
Outstanding at beginning of period (in dollars per share) \| $ / shares	$ 11.65
Granted (in dollars per share) \| $ / shares	58.79
Forfeited (in dollars per share) \| $ / shares	31.28
Exercised (in dollars per share) \| $ / shares	11.20
Outstanding at end of period (in dollars per share) \| $ / shares	14.57
Exercisable at end of period (in dollars per share) \| $ / shares	$ 8.86
Weighted Average Remaining Contractual Term [Abstract]
Outstanding at end of period	6 years 1 month 6 days
Exercisable at end of period	5 years 1 month 6 days

Equity Incentive Plans, Weighted Average Assumptions (Details) - $ / shares	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Equity Incentive Plans [Abstract]
Weighted average grant date fair value per option granted (in dollars per share)	$ 18.73	$ 10.56
Risk-free interest rate	2.70%	2.20%
Expected dividend yield	0.00%	0.00%
Expected term	6 years 3 months	6 years 3 months
Expected volatility	25.84%	28.36%

Equity Incentive Plans, RSU Activity (Details) - Restricted Stock Units [Member]	3 Months Ended
	May 05, 2018 $ / shares shares
Number of Shares [Roll Forward]
Non-vested at beginning of period (in shares) \| shares	207,346
Granted (in shares) \| shares	62,869
Vested (in shares) \| shares	(50,645)
Non-vested at end of period (in shares) \| shares	219,570
Weighted Average Grant Date Fair Value [Abstract]
Non-vested at beginning of period (in dollars per share) \| $ / shares	$ 26.15
Granted (in dollars per share) \| $ / shares	58.76
Vested (in dollars per share) \| $ / shares	26.09
Non-vested at end of period (in dollars per share) \| $ / shares	$ 35.50
Minimum [Member]
Equity Incentive Plans [Abstract]
Vesting period	3 years
Cliff vesting period	1 year
Maximum [Member]
Equity Incentive Plans [Abstract]
Vesting period	4 years
Cliff vesting period	4 years

Equity Incentive Plans, Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Stock-Based Compensation Expense [Abstract]
Total unrecognized compensation cost related to non-vested stock-based compensation arrangements	$ 18.7
Weighted average period to recognize stock-based compensation expense	2 years 10 months 24 days
Selling, General and Administrative Expenses [Member]
Stock-Based Compensation Expense [Abstract]
Compensation expense	$ 1.6	$ 1.9

Transactions with Related Parties (Details) - Operating Leases for Office and Store Locations [Member] $ in Millions	3 Months Ended
	May 05, 2018 USD ($) Lease	Apr. 29, 2017 USD ($)
Transactions with Related Parties [Abstract]
Number of non-cancelable operating leases with related parties \| Lease	5
Payments to related parties \| $	$ 0.4	$ 0.3