0000950170-23-012621 | 10-K | XBRL Viewer | Sportsmans Warehouse Holdings INC

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Jan. 28, 2023	Jan. 29, 2022	Apr. 07, 2023	Jul. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jan. 28, 2023
Entity File Number	001-36401
Entity Registrant Name	SPORTSMAN’S WAREHOUSE HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	39-1975614
Entity Address, Address Line One	1475 West 9000 South Suite A
Entity Address, City or Town	West Jordan
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84088
City Area Code	801
Local Phone Number	566-6681
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	SPWH
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float				$ 376
Entity Common Stock, Shares Outstanding			37,660,686
Documents Incorporated by Reference [Text Block]	DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s Definitive Proxy Statement relating to the 2023 Annual Meeting of Stockholders, which will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant's 2022 fiscal year ended January 28, 2023, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Auditor Name	GRANT THORNTON LLP	GRANT THORNTON LLP
Auditor Firm ID	248	248
Auditor Location	Salt Lake City, Utah	Salt Lake City, Utah
Current Fiscal Year End Date	--01-28
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0001132105
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Current assets:
Cash and cash equivalents	$ 2,389	$ 57,018
Accounts receivable, net	2,053	1,937
Merchandise inventories	399,128	386,560
Prepaid expenses and other	22,326	21,955
Total current assets	425,896	467,470
Operating lease right of use asset	268,593	243,047
Property and equipment, net	162,586	128,304
Goodwill	1,496	1,496
Definite lived intangibles, net	389	264
Total assets	858,960	840,581
Current liabilities:
Accounts payable	61,948	58,916
Accrued expenses	99,976	109,012
Income taxes payable	932	9,500
Operating lease liability, current	45,465	40,924
Revolving line of credit	87,503	66,054
Total current liabilities	295,824	284,406
Long-term liabilities:
Deferred income taxes	9,544	5,779
Operating lease liability, noncurrent	260,479	236,227
Total long-term liabilities	270,023	242,006
Total liabilities	565,847	526,412
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding
Common stock, $.01 par value; 100,000 shares authorized; 37,541 and 43,880 shares issued and outstanding, respectively	375	439
Additional paid-in capital	79,743	90,851
Retained earnings	212,995	222,879
Total stockholders' equity	293,113	314,169
Total liabilities and stockholders' equity	$ 858,960	$ 840,581

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jan. 28, 2023	Jan. 29, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	37,541,000	43,880,000
Common stock, shares outstanding	37,541,000	43,880,000

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Income Statement [Abstract]
Net sales	$ 1,399,515	$ 1,506,072	$ 1,451,767
Cost of goods sold	939,275	1,015,775	975,313
Gross profit	460,240	490,297	476,454
Selling, general, and administrative expenses	402,177	399,678	353,706
Income from operations	58,063	90,619	122,748
Other (income) expense
Bargain purchase gain			(2,218)
Merger termination payment		(55,000)
Interest expense	4,195	1,380	3,506
Income before income taxes	53,868	144,239	121,460
Income tax expense	13,350	35,769	30,080
Net income	$ 40,518	$ 108,470	$ 91,380
Income per share:
Basic	$ 1.00	$ 2.47	$ 2.10
Diluted	$ 1.00	$ 2.44	$ 2.06
Weighted average shares outstanding:
Basic	40,489	43,827	43,525
Diluted	40,719	44,543	44,430

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance, shares at Feb. 01, 2020		43,296
Balance at Feb. 01, 2020	$ 110,268	$ 433		$ 86,806	$ 23,029
Vesting of restricted stock units (in shares)		255
Vesting of restricted stock units		$ 3		(3)
Payment of withholdings on restricted stock units	(870)			(870)
Issuance of common stock for cash per employee stock purchase plan (in shares)		72
Issuance of common stock for cash per employee stock purchase plan	580			580
Stock based compensation	3,302			3,302
Net income	91,380				91,380
Balance, shares at Jan. 30, 2021		43,623
Balance at Jan. 30, 2021	204,660	$ 436		89,815	114,409
Vesting of restricted stock units (in shares)		257
Vesting of restricted stock units		$ 3		(3)
Payment of withholdings on restricted stock units	(2,289)			(2,289)
Stock based compensation	3,328			3,328
Net income	$ 108,470				108,470
Balance, shares at Jan. 29, 2022	43,880	43,880
Balance at Jan. 29, 2022	$ 314,169	$ 439		90,851	222,879
Repurchase of treasury stock (in shares)			6,797
Repurchase of treasury stock	(64,748)		$ (64,748)
Retirement of treasury stock (in shares)		(6,797)	(6,797)
Retirement of treasury stock		$ (68)	$ 64,748	(14,278)	(50,402)
Vesting of restricted stock units (in shares)		354
Vesting of restricted stock units		$ 3		(3)
Payment of withholdings on restricted stock units	(2,393)			(2,393)
Issuance of common stock for cash per employee stock purchase plan (in shares)		104
Issuance of common stock for cash per employee stock purchase plan	894	$ 1		893
Stock based compensation	4,673			4,673
Net income	$ 40,518				40,518
Balance, shares at Jan. 28, 2023	37,541	37,541
Balance at Jan. 28, 2023	$ 293,113	$ 375		$ 79,743	$ 212,995

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Cash flows from operating activities:
Net income	$ 40,518	$ 108,470	$ 91,380
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of property and equipment	31,710	26,200	21,801
Amortization of deferred financing fees	184	251	535
Amortization of definite lived intangible	66	26	28
Loss on asset dispositions			804
Gain on bargain purchase			(2,218)
Noncash lease expense	28,582	31,536	25,307
Deferred income taxes	3,765	5,345	(919)
Stock-based compensation	4,673	3,328	3,302
Change in operating assets and liabilities, net of amounts acquired:
Accounts receivable, net	(116)	(1,356)	323
Operating lease liabilities	(25,336)	(26,479)	(24,390)
Merchandise inventories	(12,568)	(143,126)	39,938
Prepaid expenses and other	(46)	(7,093)	(2,633)
Accounts payable	(1,509)	(20,382)	37,812
Accrued expenses	(14,561)	(2,929)	42,017
Income taxes payable and receivable	(8,568)	4,583	5,729
Net cash provided by (used in) operating activities	46,794	(21,626)	238,816
Cash flows from investing activities:
Purchase of property and equipment, net of amounts acquired	(63,511)	(53,452)	(19,754)
Acquisition of Field and Stream stores, net of cash acquired			(6,473)
Proceeds from sale-leaseback transactions	2,923
Net cash used in investing activities	(60,588)	(53,452)	(26,227)
Cash flows from financing activities:
Net borrowings (payments) on line of credit	21,449	66,054	(116,078)
Increase (Decrease) in book overdraft, net	4,471	2,806	(2,381)
Proceeds from issuance of common stock per employee stock purchase plan	894		580
Payment of withholdings on restricted stock units	(2,393)	(2,289)	(870)
Principal payments on long-term debt			(30,000)
Payments to acquire treasury stock	(64,748)
Payment of deferred financing costs	(508)
Net cash (used in) provided by financing activities	(40,835)	66,571	(148,749)
Net change in cash and cash equivalents	(54,629)	(8,507)	63,840
Cash and cash equivalents at beginning of period	57,018	65,525	1,685
Cash and cash equivalents at end of period	2,389	57,018	65,525
Cash paid during the period for:
Interest, net of amounts capitalized	3,396	1,380	3,506
Income taxes, net of refunds	18,154	25,841	25,304
Supplemental schedule of noncash activities:
Noncash change in operating lease right of use asset and operating lease liabilities from remeasurement of existing leases and addition of new leases	54,243	39,437	39,119
Purchases of property and equipment included in accounts payable and accrued expenses	$ 9,416	$ 3,821	$ 1,887

Nature of Business

12 Months Ended

Jan. 28, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Business

(1) Nature of Business

Description of Business

Sportsman’s Warehouse Holdings, Inc. (“Holdings”), a Delaware corporation, and subsidiaries (collectively, the “Company”) operate retail sporting goods stores. As of January 28, 2023, the Company operated 131 stores in 30 states.

Summary of Significant Accounting Policies

12 Months Ended

Jan. 28, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

(2) Summary of Significant Accounting Policies

Principles of Consolidation

The consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of its four wholly owned subsidiaries, Sportsman’s Warehouse, Inc. (“Sportsman’s Warehouse”), Pacific Flyway Wholesale, LLC (“Pacific Flyway”), Sportsman’s Warehouse Southwest, Inc., and Minnesota Merchandising Corporation. All intercompany transactions and accounts have been eliminated in consolidation.

Fiscal Year

The Company operates using a 52/53-week fiscal year ending on the Saturday closest to January 31. Fiscal year 2022 ended January 28, 2023 and contained 52 weeks of operation. Fiscal year 2021 ended January 29, 2022 and contained 52 weeks of operations. Fiscal year 2020 ended January 30, 2021 and contained 52 weeks of operations.

Seasonality

The Company’s business is generally seasonal, with a significant portion of total sales occurring during the third and fourth quarters of the fiscal year.

Use of Estimates in the Preparation of Consolidated Financial Statements

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

Segment Reporting

The Company operates solely as a sporting goods retailer whose Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer. The CODM reviews financial information presented on a consolidated and individual store and cost center basis, for purposes of allocating resources and evaluating financial performance. The Company’s stores typically have similar square footage and offer essentially the same general product mix. The Company’s core customer demographic remains similar chainwide, as does the Company’s process for the procurement and marketing of its product mix. The Company distributes its product mix chainwide from a single distribution center. Furthermore, the Company also operates an e-commerce platform at www.sportsmans.com. Given that the stores and e-commerce platform have the same economic characteristics, the Company's stores and website are aggregated into one operating and reportable segment.

Cash and Cash Equivalents

The Company considers cash on hand in stores and operating accounts as cash. Checks issued pending bank clearance that result in overdraft balances for accounting purposes are classified as accrued expenses in the

accompanying consolidated balance sheets. Cash equivalents consist of short-term money market securities with maturities less than three months from the time of investment.

In accordance with the terms of a financing agreement (Note 9), the Company maintains depository accounts with two banks in a lock-box or similar arrangement. Deposits into these accounts are used to reduce the outstanding balance on the line of credit as soon as the respective bank allows the funds to be transferred to the financing company. At January 28, 2023 and January 29, 2022, the combined balance in these accounts was $9,389 and $10,923, respectively. Accordingly, for fiscal year 2022 and fiscal year 2021 these amounts have been classified as a reduction in the line of credit as if the transfers had occurred on January 28, 2023 and January 29, 2022, respectively.

Accounts Receivable

The Company offers credit terms on the sale of products to certain government and corporate retail customers and requires no collateral from these customers. The Company performs ongoing credit evaluations of its customers’ financial condition and maintains an allowance for credit losses based upon historical experience and a specific review of accounts receivable at the end of each period. Actual bad debts may differ from these estimates and the difference could be significant. At January 28, 2023 and January 29, 2022, the Company had no allowance for credit losses.

Merchandise Inventories

The Company measures its inventory at the lower of cost or net realizable value. Cost is determined using the weighted average cost method. The Company estimates a provision for inventory shrinkage based on its historical inventory accuracy rates as determined by periodic cycle counts. The Company also adjusts inventory for obsolete, slow moving, or damaged inventory based on inventory activity thresholds and by specific identification of certain slow moving or obsolete inventory. The inventory write downs for shrinkage, damage, or obsolescence totaled $9,436 and $8,405 at January 28, 2023 and January 29, 2022, respectively.

Property and Equipment

Property and equipment are recorded at cost. Leasehold improvements primarily include the cost of improvements funded by landlord incentives or allowances. Maintenance, repairs, minor renewals, and betterments are expensed as incurred. Major renewals and betterments are capitalized. Upon retirement or disposal of assets, the cost and accumulated depreciation and amortization are eliminated from the respective accounts and the related gains or losses are credited or charged to earnings.

Depreciation and amortization of property and equipment is computed using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the shorter of the useful lives of the improvements or the term of the lease. Furniture, fixtures, and equipment, are depreciated over useful lives ranging from three to ten years.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets with definite lives for impairment whenever events or changes in circumstances may indicate that the carrying value of an asset may not be recoverable. The Company uses an estimate of the future undiscounted net cash flows of the related asset or group of assets over their remaining useful lives in measuring whether the assets are recoverable. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount exceeds the estimated fair value of the asset. Impairment of long-lived assets is assessed at the lowest levels for which there are identifiable cash flows that are independent of other groups of assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value, less the estimated costs to sell. An impairment charge of $1,039 relating to long-lived assets of a closed store was recorded during the fiscal year ended January 30, 2021. There were no impairment charges relating to long-lived assets that were recorded during the fiscal years ended January 28, 2023 and January 29, 2022.

Goodwill

At least annually, during the fourth quarter, or when events and circumstances warrant an evaluation, the Company performs its impairment assessment of goodwill. This assessment permits an entity to initially perform a qualitative assessment of whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount before applying the quantitative goodwill impairment test. If an entity concludes that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, it would not need to perform the impairment test for the reporting unit.

If it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the impairment analysis is performed, which incorporates a fair-value based approach. The Company determines the fair value of its reporting units based on discounted cash flows and market approach analyses as considered necessary. The Company considers factors such as the economy, reduced expectations for future cash flows coupled with a decline in the market price of its stock and market capitalization for a sustained period as indicators for potential goodwill impairment. If the reporting unit’s carrying amount exceeds its fair value, the Company will record an impairment charge based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. No impairment charge to goodwill was recorded during the fiscal years ended January 28, 2023, January 29, 2022 and January 30, 2021.

Prepaid Expenses and Other

Prepaid expenses and other primarily consists of prepaid expenses, vendor rebates receivable, vendor advertising receivables, right of return assets, and miscellaneous deposits.

Leases

In accordance with ASC 842, the Company determines if an arrangement is a lease at inception. The Company has operating leases for the Company’s retail stores, distribution center, and corporate office. Operating leases are included in operating lease ROU assets and operating lease liabilities, current and noncurrent, on the consolidated balance sheet. Lease liabilities are initially recorded at the present value of the lease payments by discounting the lease payments by the Company's incremental borrowing rate (“IBR”) and then recording accretion over the lease term using the effective interest method. Operating lease classification results in a straight-line expense recognition pattern over the lease term and recognized lease expense as a single expense component, which results in amortization of the ROU asset that equals the difference between lease expense and interest expense. Operating lease expense is included in selling, general and administrative expense, based on the use of the leased asset, on the consolidated statement of income. Leases with an initial term of 12 months or less are not recorded on the balance sheet and are not material; the Company recognizes lease expense for these leases on a straight-line basis over the remaining lease term.

ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the reasonably certain lease term. As the Company’s leases generally do not provide an implicit rental rate, the Company uses an IBR to determine the present value of future rental payments. The IBR is determined by using the Company’s credit rating to develop a yield curve that approximates the Company’s market risk profile. The operating lease ROU asset also includes any prepaid lease payments made by the tenant and is reduced by lease incentives such as tenant improvement allowances. The operating lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense is recognized on a straight-line basis over the lease term.

See Note 6 for further discussion on leases.

Revenue Recognition

Revenue recognition accounting policy

The Company operates solely as an outdoor retailer, which includes both retail stores and an e-commerce platform, that offers a broad range of products in the United States and online. Generally, all revenues are recognized when control of the promised goods is transferred to customers, in an amount that reflects the consideration in exchange for those goods. Accordingly, the Company implicitly enters into a contract with customers to deliver merchandise inventory at the point of sale. Collectability is reasonably assured since the Company only extends immaterial credit purchases to certain municipalities.

Substantially all of the Company’s revenue is for single performance obligations for the following distinct items:

•

Retail store sales

•

E-commerce sales

•

Gift cards and loyalty rewards program

For performance obligations related to retail store and e-commerce sales contracts, the Company typically transfers control, for retail stores, upon consummation of the sale when the product is paid for and taken by the customer and, for e-commerce sales, when the products are tendered for delivery to the common carrier.

The transaction price for each contract is the stated price on the product, reduced by any stated discounts at that point in time. The Company does not engage in sales of products that attach a future material right which could result in a separate performance obligation for the purchase of goods in the future at a material discount. The implicit point-of-sale contract with the customer, as reflected in the transaction receipt, states the final terms of the sale, including the description, quantity, and price of each product purchased. Payment for the Company’s contracts is due in full upon delivery. The customer agrees to a stated price implicit in the contract that does not vary over the contract.

The transaction price relative to sales subject to a right of return reflects the amount of estimated consideration to which the Company expects to be entitled. This amount of variable consideration included in the transaction price, and measurement of net sales, is included in net sales only to the extent that it is probable that there will be no significant reversal in a future period. Actual amounts of consideration ultimately received may differ from the Company’s estimates. The allowance for sales returns is estimated based upon historical experience and a provision for estimated returns is recorded as a reduction in sales in the relevant period. The estimated merchandise inventory cost related to the sales returns is recorded in prepaid expenses and other. The estimated refund liabilities are recorded in accrued expenses. If actual results in the future vary from the Company’s estimates, the Company adjusts these estimates, which would affect net sales and earnings in the period such variances become known.

Contract liabilities are recognized primarily for gift card sales and our loyalty reward program. Cash received from the sale of gift cards is recorded as a contract liability in accrued expenses, and the Company recognizes revenue upon the customer’s redemption of the gift card. Gift card breakage is recognized as revenue in proportion to the pattern of customer redemptions by applying a historical breakage rate of 4.0% when no escheat liability to relevant jurisdictions exists. Based upon historical experience, gift cards are predominantly redeemed in the first two years following their issuance date. The Company does not sell or provide gift cards that carry expiration dates. ASC 606 requires the Company to allocate the transaction price between the goods and the loyalty reward points based on the relative standalone selling price. The Company recognized revenue for the breakage of loyalty reward points as revenue in proportion to the pattern of customer redemption of the points by applying an estimated breakage rate of 25% using historical rates and future expectations.

As it relates to e-commerce sales, the Company accounts for shipping and handling as fulfillment activities, and not a separate performance obligation. Accordingly, the Company recognizes revenue for only one performance obligation, the sale of the product, at the shipping point (when the customer gains control). Revenue associated with shipping and handling is not material. The costs associated with fulfillment are recorded in costs of goods sold.

The Company offers promotional financing and credit cards issued by a third-party bank that manages and directly extends credit to its customers. The Company provides a license to its brand and marketing services, and it facilitates credit applications in its stores and online. The banks are the sole owners of the accounts receivable generated under the program and, accordingly, the Company does not hold any customer receivables related to these programs and acts as an agent in the financing transactions with customers. The Company is eligible to receive a profit share from certain of its banking partners based on the annual performance of their corresponding portfolio, and the Company receives monthly payments based on forecasts of full-year performance. This is a form of variable consideration. The Company records such profit share as revenue over time using the most likely amount method, which reflects the amount earned each month when it is determined that the likelihood of a significant revenue reversal is not probable, which is typically monthly. Profit-share payments occur monthly, shortly after the end of each program month.

Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue.

Sales returns

The Company allows customers to return items purchased within 30 days provided the merchandise is in resaleable condition with original packaging and the original sales/gift receipt is presented. The Company estimates a reserve for sales returns and record the respective reserve amounts, including a right to return asset when a product is expected to be returned and resold. Historical experience of actual returns and customer return rights are the key factors used in determining the estimated sales returns.

Contract Balances

The following table provides information about right of return assets, contract liabilities, and sales return liabilities with customers as of January 28, 2023 and January 29, 2022:


	January 28, 2023			January 29, 2022
Right of return assets, which are included in prepaid expenses and other	$	1,951		$	2,142
Estimated gift card contract liability, net of breakage		(29,174	)		(23,128	)
Estimated loyalty contract liability, net of breakage		(5,383	)		(7,211	)
Sales return liabilities, which are included in accrued expenses		(2,912	)		(3,197	)

For the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, the Company recognized $1,573, $1,606, and $1,167 in gift card breakage, respectively. For the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, the Company recognized $3,126, $5,769, and $4,730, in loyalty reward breakage, respectively. The impact of these adjustments on the statement of cash flow for the year ended January 28, 2023 were recorded in cash provided by operating activities. For the fiscal years ended January 28, 2023, January 29, 2022 and January 30, 2021 the Company recognized $20,656, $17,167, and $8,110 of revenue related to the beginning contract liability from the previous year.

The current balance of the right of return assets is the expected amount of inventory to be returned that is expected to be resold. The current balance of the contract liabilities primarily relates to the gift card and loyalty reward program liabilities. The Company expects the revenue associated with these liabilities to be recognized in proportion to the pattern of customer redemptions over the next two years. The current balance of sales return liabilities is the expected amount of sales returns from sales that have occurred.

Disaggregation of revenue from contracts with customers

In the following table, revenue from contracts with customers is disaggregated by department. The percentage of net sales related to our departments for the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, were as follows:


		Fiscal year Ended
		January 28,			January 29,			January 30,
Department	Product Offerings	2023			2022			2021
Camping	Backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents and tools		12.5	%		13.1	%		12.7	%
Apparel	Camouflage, jackets, hats, outerwear, sportswear, technical gear and work wear		9.3	%		8.4	%		7.5	%
Fishing	Bait, electronics, fishing rods, flotation items, fly fishing, lines, lures, reels, tackle and small boats		8.9	%		10.0	%		9.9	%
Footwear	Hiking boots, socks, sport sandals, technical footwear, trail shoes, casual shoes, waders and work boots		7.3	%		6.8	%		5.6	%
Hunting and Shooting	Ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, reloading equipment and shooting gear		54.9	%		54.2	%		57.6	%
Optics, Electronics, Accessories, and Other	Gift items, GPS devices, knives, lighting, optics, two-way radios, and other license revenue, net of revenue discounts		7.1	%		7.5	%		6.7	%
Total			100.0	%		100.0	%		100.0	%

Cost of Goods Sold

Cost of goods sold primarily consists of merchandise acquisition costs, including freight-in costs, shipping costs, terms discounts received from the vendor and vendor allowances and rebates associated directly with merchandise. Vendor allowances include allowances and rebates received from vendors. The Company records an estimate of earned allowances based on purchase volumes. These funds are determined for each fiscal year, and the majority is based on various quantitative contract terms. Amounts expected to be received from vendors relating to purchase of merchandise inventories are recognized as a reduction of cost of goods sold as the merchandise is sold. Historical program results and current purchase volumes are reviewed when establishing the estimate for earned allowances.

Shipping and Handling Fees and Costs

All shipping and handling fees billed to customers are recorded as a component of net sales. All costs incurred related to the shipping and handling of products are recorded in cost of sales.

Vendor Allowances

Vendor allowances include price allowances, volume rebates, store opening costs reimbursements, marketing participation and advertising reimbursements received from vendors under the terms of specific arrangements with certain vendors. Vendor allowances related to merchandise are recognized as a reduction of the costs of merchandise as sold. Vendor reimbursements of costs are recorded as a reduction to expense in the period the related cost is incurred based on actual costs incurred. Any cost reimbursements exceeding expenses incurred are recognized as a reduction of the cost of merchandise sold. Volume allowances may be estimated based on historical purchases and estimates of projected purchases.

Health Insurance

The Company maintains for its employees a partially self-funded health insurance plan. The Company maintains stop-loss insurance through an insurance company with a $100 per person deductible and aggregate claims limit above a predetermined threshold. The Company intends to maintain this plan indefinitely. However, the plan may be terminated, modified, suspended, or discontinued at any time for any reason specified by the Company.

The Company has established reserve amounts based upon claims history and estimates of claims that have been incurred but not reported (“IBNR”) for this plan. As of January 28, 2023, and January 29, 2022, the Company estimated the IBNR for this plan to be $1,603 and $1,349, respectively. Actual claims may differ from the estimate and such difference could be significant. These reserves are included in accrued expenses in the accompanying consolidated balance sheets.

Workers Compensation Insurance

The Company maintains for its employees a high-deductible workers compensation plan. The Company maintains stop-loss insurance through an insurance company with a $150 per claim deductible and aggregate claims limit above a predetermined threshold. The Company intends to maintain this plan indefinitely. However, the plan may be terminated, modified, suspended, or discontinued at any time for any reason specified by the Company.

The Company has established reserve amounts based upon claims history and estimates of IBNR for this plan. As of January 28, 2023, and January 29, 2022, the Company estimated the IBNR for this plan to be $1,297 and $1,249, respectively, related to the workers compensation plan. Actual claims may differ from the estimate and such difference could be significant. These reserves are included in accrued expenses in the accompanying consolidated balance sheets.

Advertising

Costs for newspaper, television, radio, and other advertising are expensed in the period in which the advertising occurs. The Company participates in various advertising and marketing cooperative programs with its vendors, who, under these programs, reimburse the Company for certain costs incurred. Payments received under these cooperative programs are recorded as a decrease to expense in the period that the advertising occurred. For the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, net advertising expenses totaled $23,816, $20,537, and $15,663, respectively. These amounts are included in selling, general and administrative expenses in the accompanying consolidated statements of income.

Stock-Based Compensation

Compensation expense is estimated based on grant date fair value on a straight-line basis over the requisite service or offering period. Costs associated with awards are included in compensation expense as a component of selling, general, and administrative expenses.

Income Taxes

The Company recognizes a deferred income tax liability or deferred income tax asset for the future tax consequences attributable to differences between the financial statement basis of existing assets and liabilities and their respective tax basis. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided against deferred income tax assets when it is more likely than not that all or some portion of the deferred income tax assets will not be realized.

The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the relevant tax authorities, based on the technical merits of the position. Interest and potential penalties are accrued related to unrecognized tax benefits in the provision for income taxes.

Fair Value of Financial Instruments

As of January 28, 2023, and January 29, 2022, the carrying amounts of financial instruments except for long-term debt approximate fair value because of the general short-term nature of these instruments. The carrying amounts of long-term variable rate debt approximate fair value as the terms are consistent with market terms for similar debt instruments.

Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted-average shares of common stock outstanding, reduced by shares repurchased and held in treasury, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding share option awards, nonvested share awards and nonvested share unit awards.

Comprehensive Income

The Company has no components of income that would require classification as other comprehensive income for the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021.

Share Retirement

The Company periodically repurchases and retires stock through a board authorized repurchase program. When shares are retired as part of this program the repurchased shares are returned to a status of authorized but unissued. The Company's policy to account for the retired shares is to allocate the excess of the repurchase price over the par value of shares acquired to Additional Paid in Capital ("APIC") and Retained Earnings. The portion allocated to APIC is determined by dividing the number of retired shares by the number of shares issued as of the retirement date. This ratio is applied to the balance of APIC as of the retirement date. Any remaining amount of the excess of the repurchase price over the par value not allocated to APIC reduces Retained Earnings.

Acquisition of Field and Stream Stores

12 Months Ended

Jan. 28, 2023

Business Combinations [Abstract]

Acquisition of Field and Stream Stores

(3) Acquisition of Field & Stream Stores

2020 Acquisitions

On February 14, 2020, Sportsman’s Warehouse, Inc. (“SWI”), a wholly owned subsidiary of Holdings, entered into an Asset Purchase Agreement (the “2020-I Purchase Agreement”) with DICK’s Sporting Goods (“DICK’S”). Pursuant to the 2020-I Purchase Agreement, SWI agreed, subject to certain conditions, to acquire from DICK’S all cash, inventory, furniture, fixtures, and equipment, and certain other assets related to one Field & Stream store located in Kentucky and operated by DICK’S (the “2020-I Acquisition”). The acquisition of the 2020-I Acquisition closed on March 12, 2020 (the “2020-I Closing Date”). On the 2020-I Closing Date, SWI entered into a sublease with DICK’s with respect to the 2020-I Acquisition location. Pursuant to the 2020-I Purchase Agreement and in connection with closing of the acquisition, the parties also entered into a transition services agreement pursuant to which DICK’S provided transition services to the Company for a period of up to 120 days after the 2020-I Closing Date.

The aggregate consideration paid to DICK’S under the 2020-I Purchase Agreement was $2,139 (the “2020-I Purchase Price”), subject to certain post-closing adjustments set forth in the 2020-I Purchase Agreement. On the 2020-I Closing Date, SWI drew $1,100 under the Revolving Line of Credit (as defined below) to fund a portion of the 2020-I Purchase Price. The remaining approximately $1,000 of consideration owed to DICK’S in connection with the 2020-I Acquisition was paid in June 2020.

On March 6, 2020, SWI, entered into an Asset Purchase Agreement (the “2020-II Purchase Agreement”) with DICK’S. Pursuant to the 2020-II Purchase Agreement, SWI agreed, subject to certain conditions, to acquire from DICK’S all cash, inventory, furniture, fixtures, and equipment, and certain other assets related to one Field & Stream store located in Michigan and operated by DICK’S (the “2020-II Acquisition”). The 2020-II Acquisition closed on May 14, 2020 (the “2020-II Closing Date”). On the 2020-II Closing Date, SWI entered into a sublease with DICK’s with respect to the 2020-II Acquisition. Pursuant to the 2020-II Purchase Agreement and in connection

with closing of the acquisition, the parties also entered into a transition services agreement related to the 2020-II Acquisition pursuant to which DICK’S provided transition services to the Company for a period of up to 120 days after the 2020-II Closing Date.

The aggregate consideration paid to DICK’S under the 2020-II Purchase Agreement was $2,411 (the “2020-II Purchase Price”), subject to certain post-closing adjustments set forth in the 2020-II Purchase Agreement. On the 2020-II Closing Date, SWI drew $1,317 under the Revolving Line of Credit to fund a portion of the 2020-II Purchase Price. The remaining approximately $1,100 of consideration owed to DICK’S in connection with the 2020-II Acquisition was paid in August 2020.

On September 16, 2020, SWI, entered into an Asset Purchase Agreement (the “2020-III Purchase Agreement”) with DICK’S. Pursuant to the 2020-III Purchase Agreement, SWI agreed, subject to certain conditions, to acquire from DICK’S all cash, inventory, furniture, fixtures, and equipment, and certain other assets related to two Field & Stream stores located in South Carolina and Pennsylvania and operated by DICK’S (the “2020-III Acquisition”). The 2020-III Acquisition closed on October 8, 2020 (the “2020-III Closing Date”). On the 2020-III Closing Date, SWI entered into a sublease with DICK’s with respect to the locations. Pursuant to the 2020-III Purchase Agreement and in connection with closing of the acquisition, the parties also entered into a transition services agreement pursuant to which DICK’S provided transition services to the Company for a period of up to 120 days after the 2020-III Closing Date.

The aggregate consideration to be paid to DICK’S under the 2020-III Purchase Agreement is $2,001, net of rent concessions and deferrals of $2,597 (the “2020-III Purchase Price”), and subject to certain post-closing adjustments set forth in the 2020-III Purchase Agreement. On the 2020-III Closing Date, SWI drew $226 under the Revolving Line of Credit (as defined in Note 8) to fund a portion of the 2020-III Purchase Price. The remaining approximately $1,774 of consideration owed to DICK’S in connection with the 2020-III Acquisition was paid in cash in January 2021.

As part of the acquisitions that closed in 2020, the Company incurred legal, accounting, and other due diligence fees that were expensed as incurred. Total fees incurred for the fiscal year 2020 were $237, which were included as a component of selling, general, and administrative expenses.

The acquired locations were in line with the seller’s intention to reduce its footprint in the hunting and firearms business, which resulted in a below fair value purchase price consideration shown in the tables below.

The following table summarizes the 2020-I Purchase Price consideration and related cash outflow at the 2020-I Closing Date:


	March 12, 2020
Cash paid to seller	$	1,075
Payable to seller		1,064
Total purchase price	$	2,139

The net 2020-I Purchase Price of $2,139 has been allocated to identifiable assets acquired based on their respective estimated fair values. No liabilities were assumed as part of the acquisition of the 2020-I Acquired Stores other than the lease obligation. The excess of the fair value over the 2020-I Purchase price of the tangible and intangible assets

acquired is recorded as a bargain purchase. The following table summarizes the estimated fair value of the identifiable assets acquired and assumed liabilities as of the 2020-I Closing Date:


	March 12, 2020
Cash	$	10
Inventory		2,133
Property, plant, and equipment		892
Operating lease right of use asset		2,070
Operating lease right of use liability		(1,794	)
Deferred tax liability		(314	)
Bargain purchase		(858	)
Total	$	2,139

The following table summarizes the 2020-II Purchase Price consideration and related cash outflow at the 2020-II Closing Date:


	May 14, 2020
Cash paid to seller	$	1,317
Payable to seller		1,094
Total purchase price	$	2,411

The net 2020-II Purchase Price of $2,411 has been allocated to identifiable assets acquired based on their respective estimated fair values. No liabilities were assumed as part of the acquisition of the 2020-II Acquired Stores other than the lease obligation. The excess of the fair value over the 2020-II Purchase Price of the tangible and intangible assets acquired is recorded as a bargain purchase. The following table summarizes the estimated fair value of the identifiable assets acquired and assumed liabilities as of the 2020-II Closing Date:


	May 14, 2020
Cash	$	18
Inventory		2,218
Property, plant, and equipment		375
Operating lease right of use asset		5,605
Operating lease right of use liability		(5,605	)
Deferred tax liability		(53	)
Bargain purchase		(147	)
Total	$	2,411

The following table summarizes the 2020-III Purchase Price consideration and related cash outflow at the 2020-III Closing Date:


	October 8, 2020
Cash paid to seller	$	227
Payable to seller		1,774
Total purchase price	$	2,001

The net 2020-III Purchase Price of $2,001 has been allocated to identifiable assets acquired based on their respective estimated fair values. No liabilities were assumed as part of the acquisition of the 2020-III Acquired Stores other than the lease obligation. The excess of the fair value over the 2020-III Purchase Price of the tangible and intangible

assets acquired is recorded as a bargain purchase. The following table summarizes the estimated fair value of the identifiable assets acquired and assumed liabilities as of the 2020-III Closing Date:


	October 8, 2020
Cash	$	50
Inventory		3,515
Property, plant, and equipment		1,046
Operating lease right of use asset		9,534
Operating lease right of use liability		(10,508	)
Deferred tax liability		(423	)
Bargain purchase		(1,213	)
Total	$	2,001

As of January 30, 2021, all purchase price allocations of 2020 acquisitions were finalized and the Company does not expect any further adjustments to the allocation in future periods.

Right of Use Asset and Liability for 2020 Acquisition

The right of use asset and liability were determined by taking the present value of the future minimum lease payments associated with the Acquired stores. The Company utilized discount rates for the leases similar to the rates used to present value its other leases. The difference between the asset and the liability noted above for the 2020 acquisitions is attributable to net unfavorable lease rates in the acquired store leases.

Results of Operations for 2020 Acquisition

The results of operations of the stores acquired in 2020 were included in the Company’s results of operations beginning on the respective dates of acquisition noted above. From the respective dates of acquisition, the stores acquired in 2020 generated net sales of $34,555 and net income of approximately $4,659.

Pro Forma Results for 2020 Acquisitions (unaudited)

The following pro forma results are based on the individual historical results of the 2020 acquired stores with adjustments to give effect to the combined operations as if the acquisitions had been consummated at the beginning of fiscal year 2019. The pro forma results are intended for informational purposes only and do not purport to represent what the combined results of operations would actually have been had the acquisitions in fact occurred at the beginning of the earliest period presented. The pro forma information includes the following adjustments (i) depreciation based on the fair value of acquired property, plant, and equipment; (ii) cost of goods sold based on the step-up in fair value of the acquired inventory; (iii) interest expense incurred in connection with the borrowings on the Revolving Line of Credit used to finance the acquisitions; and (iv) elimination of acquisition expenses.


	Fifty-Two Weeks Ended
	January 30,		February 1,
	2021		2020
Net sales		1,464,406		909,113
Net income		91,475		19,775

Earnings per share:
Basic		2.10		0.46
Diluted		2.07		0.45

Property and Equipment

12 Months Ended

Jan. 28, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

(4) Property and Equipment

Property and equipment as of January 28, 2023 and January 29, 2022 was as follows:


	January 28,			January 29,
	2023			2022
Furniture, fixtures, and equipment	$	138,004		$	115,597
Leasehold improvements		170,494			143,064
Construction in progress		20,875			5,007
Total property and equipment, gross		329,373			263,668
Less accumulated depreciation and amortization		(166,787	)		(135,364	)
Total property and equipment, net	$	162,586		$	128,304

Depreciation expense was $31,710, $26,200, and $21,801, for the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, respectively.

Definite Lived Intangible Assets

12 Months Ended

Jan. 28, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Definite Lived Intangible Assets

(5) Definite Lived Intangible Assets

The following table summarizes the definite lived intangible assets:


	January 28, 2023
	Amortization Period	Gross carrying amount		Accumulated amortization			Net carrying amount
Amortizing intangible assets:
Domain Name	10 years		450		(132	)		318
Intellectual Property	8 years		100		(29	)		71
Total		$	550		(161	)		389

	January 29, 2022
	Amortization Period	Gross carrying amount		Accumulated amortization			Net carrying amount
Amortizing intangible assets:
Domain Name	10 years		257		(78	)		179
Intellectual Property	8 years		100		(15	)		85
Total		$	357		(93	)		264

Amortization expense for definite lived intangible asset was $66, $26, and $28, for the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, respectively.

Leases

12 Months Ended

Jan. 28, 2023

Leases [Abstract]

Leases

(6) Leases

At the inception of the lease, the Company’s operating leases have remaining certain lease terms of up to 15 years, which typically includes multiple options for the Company to extend the lease which are not reasonably certain.

In the fiscal year ended January 28, 2023, the Company recorded a non-cash increase of $54,243, to ROU assets and operating lease liabilities resulting from lease remeasurements from the exercise of lease extension options, acquired leases, and new leases added.

The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

In accordance with ASC 842, total lease expense was comprised of the following:


	Fiscal Year Ended
	January 28,		January 29,		January 30,
	2023		2022		2021
Operating lease expense	$	58,562	$	56,293	$	51,948
Variable lease expense		18,740		17,252		15,376
Short-term lease expense		1,200		1,325		688
Total lease expense	$	78,502	$	74,870	$	68,012

In accordance with ASC 842, other information related to leases was as follows:


	Fiscal Year Ended
	January 28,			January 29,			January 30,
	2023			2022			2021
Operating cash flows from operating leases	$	(63,783	)	$	(59,502	)	$	(55,765	)
Cash paid for lease liabilities - operating leases		(63,783	)		(59,502	)		(55,765	)

	As of January 28,			As of January 29,			As of January 30,
	2023			2022			2021
Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities	$	54,243		$	39,437		$	39,119
Terminated right-of-use assets and liabilities		—			—			(2,947	)
Weighted-average remaining lease term - operating leases		5.75			5.83			6.09
Weighted-average discount rate - operating leases		7.96	%		8.29	%		8.35	%

In accordance with ASC 842, maturities of operating lease liabilities as of January 28, 2023 were as follows:


	Operating
Year Endings:	Leases
2023	$	68,239
2024		64,596
2025		57,812
2026		52,752
2027		45,201
Thereafter		146,048
Undiscounted cash flows	$	434,648
Reconciliation of lease liabilities:
Present values	$	305,944
Lease liabilities - current		45,465
Lease liabilities - noncurrent		260,479
Lease liabilities - total	$	305,944
Difference between undiscounted and discounted cash flows	$	128,704

The Company has excluded in the table above approximately $43.9 million of leases (undiscounted basis) that were entered into as of April 13, 2023. These leases will commence in 2023 with lease terms of 10 years.

Accrued Expenses and Other Liabilities

12 Months Ended

Jan. 28, 2023

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

(7) Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consist of the following at January 28, 2023 and January 29, 2022:


	January 28, 2023		January 29, 2022
Book overdraft	$	20,723	$	16,252
Unearned revenue		41,203		42,058
Accrued payroll and related expenses		15,820		26,309
Sales and use tax payable		5,896		8,788
Accrued construction costs		1,469		416
Other		14,865		15,189
Total accrued expenses	$	99,976	$	109,012

Fair Value Measurements

12 Months Ended

Jan. 28, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

(8) Fair Value Measurements

Fair value measurements are reported based upon three categories, with the lowest level of measurement available applied. The levels of fair value measurement are as follows: Level 1 - quoted prices on active markets; Level 2 - observable market inputs other than quoted prices on active markets; Level 3 - unobservable data requiring the Company to develop its own approach that cannot be corroborated by market data.

The following table shows the fair value measurements of the Company on a recurring basis:

Fair Value as of

Fair Value as of

Asset

Type

Measurement Level

January 28, 2023

January 29, 2022

Short-term Investments (1)

Cash and Cash Equivalents

Level 1

—

55,000

(1)

Fair value approximates carrying value because maturities are less than three months.

- 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

Revolving Line of Credit

12 Months Ended

Jan. 28, 2023

Line of Credit Facility [Abstract]

Revolving Line of Credit

(9) Revolving Line of Credit

On May 27, 2022, Sportsman’s Warehouse, Inc. (“SWI”), a wholly owned subsidiary of Holdings, as lead borrower, Holdings and other subsidiaries of the Company, each as borrowers or guarantors, and Wells Fargo Bank, National Association (“Wells Fargo”), with a consortium of banks led by Wells Fargo, entered into an Amended and Restated Credit Agreement (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”). The Credit Agreement governs the Company’s senior secured revolving credit facility (“Revolving Line of Credit”). The Revolving Line of Credit provides borrowing capacity of up to $350,000, subject to a borrowing base calculation.

In conjunction with the Credit Agreement, the Company incurred $508 of fees paid to various parties which were capitalized. Fees associated with the Revolving Line of Credit were recorded in prepaid expenses and other assets.

As of January 28, 2023, and January 29, 2022, the Company had $96,892 and $76,976, respectively, in outstanding revolving loans under the Revolving Line of Credit. Amounts outstanding are offset on the consolidated balance sheets by amounts in depository accounts under lock-box type arrangements, which were $9,389 and $10,923 as of January 28, 2023 and January 29, 2022, respectively. As of January 28, 2023, the Company had stand-by commercial letters of credit of $1,967 under the terms of the Revolving Line of Credit.

Borrowings under the Revolving Line of Credit bear interest based on either the base rate or Term SOFR, at the Company’s option, in each case plus an applicable margin. The base rate is the greatest of (1) the floor rate (as defined in the credit agreement as a rate of interest equal to 0.0%) (2) Wells Fargo’s prime rate, (3) the federal funds rate (as defined in the Amended Credit Agreement) plus 0.50% or (4) the one-month Term SOFR (as defined in the Amended Credit Agreement) plus 1.00%. The applicable margin for loans under the revolving credit facility, which varies based on the average daily availability, ranges from 0.25% to 0.50% per year for base rate loans and from 1.35% to 1.60% per year for Term SOFR loans. The Company is required to pay a commitment fee for the unused portion of the revolving credit facility, which will range from 0.20% to 0.225% per annum, depending on the average daily availability under the Revolving Line of Credit.

The Company may be required to make mandatory prepayments under the Revolving Line of Credit in the event of a disposition of certain property or assets, in the event of receipt of certain insurance or condemnation proceeds, upon the issuance of certain debt or equity securities, upon the incurrence of certain indebtedness for borrowed money or upon the receipt of certain payments not received in the ordinary course of business.

The Credit Agreement contains customary affirmative and negative covenants, including covenants that limit the Company’s ability to incur, create or assume certain indebtedness, to create, incur or assume certain liens, to make certain investments, to make sales, transfers and dispositions of certain property and to undergo certain fundamental changes, including certain mergers, liquidations and consolidations. The Credit Agreement also requires the Company to maintain a minimum availability at all times of not less than 10% of the gross borrowing base and contains customary events of default. The Revolving Line of Credit matures on May 27, 2027.

Each of the subsidiaries of Holdings is a borrower under the Revolving Line of Credit, and all obligations under the Revolving Line of Credit are guaranteed by Holdings. All of the obligations under the Revolving Line of Credit are secured by a lien on substantially all of Holdings’ tangible and intangible working capital assets and the tangible and intangible working capital assets of all of Holdings’ subsidiaries, including a pledge of all capital stock of each of Holdings’ subsidiaries. The lien securing the obligations under the Revolving Line of Credit is a first priority lien as to certain liquid assets, including cash, accounts receivable, deposit accounts and inventory.

As of January 28, 2023 and January 29, 2022, the Credit Agreement and the Company's prior credit agreement had $657 and $333, respectively in outstanding deferred financing fees. During fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, the Company recognized $184, $251 and $251, respectively, of non-cash interest expense in relation to the amortization of deferred financing fees.

As of January 28, 2023, January 29, 2022, and January 30, 2021, gross borrowings under the Revolving Line of Credit and the Company's prior revolving line of credit were $1,558,928, $1,731,998, and $1,443,172, respectively. As of January 28, 2023, January 29, 2022, and January 30, 2021, gross paydowns under the Revolving Line of Credit and the Company's prior revolving line of credit were $1,543,677, $1,656,140, and $1,599,611, respectively.

Restricted Net Assets

The provisions of the Revolving Line of Credit restrict all of the net assets of the Company’s consolidated subsidiaries, which constitute all of the net assets on the Company’s condensed consolidated balance sheet as of January 28, 2023, from being used to pay any dividends without prior written consent from the financial institutions party to the Revolving Line of Credit.

- Definition

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

+ References

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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Sale Leaseback Transactions

12 Months Ended

Jan. 28, 2023

Leases [Abstract]

Sale Leaseback Transactions

(10) Sale-Leaseback Transactions

During the fiscal year ended January 28, 2023, the Company completed two sale-leaseback transactions the buildings associated to new store locations. For the sale-leaseback transaction, the Company was the owner of the building and paid all construction costs directly. Once construction was deemed complete and occupancy permits were obtained, the Company sold the building and rights to the constructed assets to the landlord for a predetermined amount and were written off the Company’s books. Any remaining assets were considered leasehold improvements or property and equipment. The total value of tenant allowances received under these transactions during fiscal year 2022 was $2,923. The Company did not have any sale-leaseback transactions during fiscal years 2021 or 2020.

Common Stock

12 Months Ended

Jan. 28, 2023

Equity [Abstract]

Common Stock

(11) Common Stock

Holders of common stock are entitled to one vote per share, and to receive dividends and, upon liquidation or dissolution, are entitled to receive all assets available for distribution to stockholders on a proportional basis with the restricted nonvoting common stockholders. The holders have no preemptive or other subscription rights, and there are no redemption or sinking fund provisions with respect to such shares.

Earnings Per Share

12 Months Ended

Jan. 28, 2023

Earnings Per Share [Abstract]

Earnings Per Share

(12) Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of nonvested share awards and nonvested share unit awards.

The following table sets forth the computation of basic and diluted earnings per common share:


	Fiscal Year Ended
	January 28,		January 29,		January 30,
	2023		2022		2021
Net income	$	40,518	$	108,470	$	91,380
Weighted-average shares of common stock outstanding:
Basic		40,489		43,827		43,525
Dilutive effect of common stock equivalents		230		716		905
Diluted		40,719		44,543		44,430
Basic earnings per share	$	1.00	$	2.47	$	2.10
Diluted earnings per share	$	1.00	$	2.44	$	2.06
Restricted stock units considered anti-dilutive and excluded in the calculation		244		38		15

Stock-Based Compensation

12 Months Ended

Jan. 28, 2023

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

(13) Stock-Based Compensation

Stock-Based Compensation

The Company recognized total stock-based compensation expense, including expense relating to the employee stock purchase plan, of $4,673, $3,328, and $3,302, during fiscal years 2022, 2021, and 2020, respectively. Compensation expense related to the Company's stock-based payment awards is recognized in selling, general, and administrative expenses in the consolidated statements of income. As of January 28, 2023, and January 29, 2022, the Company had $7,537 and $13,233, respectively, remaining in unrecognized compensation costs, respectively.

Employee Stock Plans

As of January 28, 2023, the number of shares available for awards under the 2019 Performance Incentive Plan (the “2019 Plan”) was 1,803. As of January 28, 2023, there were 1,034 awards outstanding under the 2019 Plan. All shares granted during the current year were newly issued shares. All subsequent awards were, and all future awards are expected to be, granted under the 2019 Plan.

Nonvested Performance-Based Stock Awards

During fiscal year 2022, the Company issued 188 nonvested performance-based stock awards to employees at a weighted average grant date fair value of $10.88 per share. The nonvested performance-based stock awards issued to employees vest at the end of three years. The number of shares issued is contingent on management achieving a fiscal year 2022, 2023 and 2024 performance targets for total revenue growth and adjusted EPS. If minimum threshold performance targets are not achieved, no shares will vest. The maximum number of shares subject to the award is 376, and the “target” number of shares subject to the award is 188 as reported below. Following the end of the performance period (fiscal years 2022, 2023, and 2024), the number of shares eligible to vest, based on actual performance, will be fixed and vesting will then be subject to each employee’s continued employment over the remaining service period.

During fiscal year 2021, the Company did not issue any nonvested performance-based stock awards to employees.

The following table sets forth the rollforward of outstanding nonvested performance-based stock awards (per share amounts are not in thousands):


				Weighted
				average
				grant-date
	Shares			fair value
Balance at January 29, 2022		487		$	5.13
Grants		188			10.88
Forfeitures		(194	)		7.95
Vested		(168	)		3.49
Balance at January 28, 2023		313		$	7.72

				Weighted
				average
				grant-date
	Shares			fair value
Balance at January 30, 2021		624		$	5.13
Grants		-			-
Forfeitures		(115	)		5.10
Vested		(22	)		4.91
Balance at January 29, 2022		487		$	5.13

Nonvested Stock Unit Awards

During the fiscal year 2022, the Company issued 444 nonvested stock units to employees of the Company and independent members of the Board of Directors at a weighted average grant date fair value of $10.77 per share. The shares issued to the independent members of the Board of Directors vest over 12 months with one twelfth vesting each month from the grant date. The shares issued to employees of the Company vest over a three-year period with one third of the shares vesting on each grant date anniversary.

During the fiscal year 2021, the Company issued 708 nonvested stock units to employees of the Company and independent members of the Board of Directors at a weighted average grant date fair value of $14.70 per share. The shares issued to the independent members of the Board of Directors vest over 12 months with one twelfth vesting each month from the grant date. The shares issued to employees of the Company vest over a three-year period with one third of the shares vesting on each grant date anniversary.

The following table sets forth the rollforward of outstanding nonvested stock units:


				Weighted
				average
				grant-date
	Shares			fair value
Balance at January 29, 2022		929		$	11.56
Grants		444			10.77
Forfeitures		(226	)		11.15
Vested		(426	)		9.94
Balance at January 28, 2023		721		$	12.16

				Weighted
				average
				grant-date
	Shares			fair value
Balance at January 30, 2021		779		$	5.19
Grants		708			14.70
Forfeitures		(217	)		7.91
Vested		(341	)		5.87
Balance at January 29, 2022		929		$	11.56

As of January 28, 2023, and January 29, 2022, the weighted average grant date fair value of the outstanding shares was $12.16 and $11.56, respectively.

Employee Stock Purchase Plan

12 Months Ended

Jan. 28, 2023

Share-Based Payment Arrangement [Abstract]

Employee Stock Purchase Plan

(14) Employee Stock Purchase Plan

In June 2015, the Company’s stockholders approved the Sportsman’s Warehouse Holdings, Inc. Employee Stock Purchase Plan (“ESPP”), which provides for the granting of up to 800 shares of the Company’s common stock to eligible employees. The ESPP period is semi-annual and allows participants to purchase the Company’s stock at 85% of the lower of (i) the market value per share of the common stock on the first day of the offering period or (ii) the market value per share of the common stock on the purchase date. The first plan period began on January 1, 2016. Stock-based compensation expense related to the ESPP in fiscal year 2022, 2021, and 2020 was $240, $35, and $212, respectively.

During the fiscal year ended January 30, 2021, the Company discontinued the ESPP program due to the proposed merger with the Great Outdoors Group. The ESPP program was later reinstated during fiscal year 2021 after the proposed merger with the Great Outdoors Group was terminated in December 2021.

Income Taxes

12 Months Ended

Jan. 28, 2023

Income Tax Disclosure [Abstract]

Income Taxes

(15) Income Taxes

For the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, the income tax provision consisted of the following:


	January 28,		January 29,		January 30,
	2023		2022		2021
Current:
Federal	$	6,853	$	23,107	$	24,023
State		2,737		7,312		6,991
Total current		9,590		30,419		31,014
Deferred:
Federal		3,602		5,133		(390	)
State		158		217		(544	)
Total deferred		3,760		5,350		(934	)
Total income tax provision	$	13,350	$	35,769	$	30,080

The provision for income taxes differs from the amounts computed by applying the federal statutory rate as follows for the following periods:


	January 28,				January 29,				January 30,
		2023				2022				2021
Federal statutory rate			21.0	%			21.0	%			21.0	%
State tax, net of federal benefit			4.1				4.1				4.1
Permanent items			1.1				0.1				(0.3	)
Tax Credits			(1.7	)			(0.6	)			(0.4	)
Other items			0.3				0.2				0.4
Effective income tax rate			24.8	%			24.8	%			24.8	%

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at January 28, 2023 and January 29, 2022, respectively, are presented below:


	January 28,			January 29,
	2023			2022
Deferred tax assets:
Accrued liabilities	$	928		$	1,521
Operating lease liability		76,792			69,565
Gift card liability		1,992			1,332
Goodwill		589			671
Intangible asset		781			927
Inventories		3,109			2,940
Sales return reserve		241			265
Stock-based compensation		993			1,082
Loyalty program		1,351			1,810
Total gross deferred tax assets	$	86,776		$	80,113
Deferred tax liabilities:
Depreciation	$	(27,742	)	$	(23,860	)
ROU asset		(67,417	)		(61,005	)
Prepaid expenses		(1,161	)		(1,027	)
Total gross deferred tax liabilities		(96,320	)		(85,892	)
Net deferred tax asset	$	(9,544	)	$	(5,779	)

Deferred tax assets have resulted primarily from the Company’s future deductible temporary differences. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company’s ability to realize its deferred tax assets depends upon the generation of sufficient future taxable income.

Management evaluates the realizability of the deferred tax assets and the need for additional valuation allowances quarterly. At January 28, 2023, based on current facts and circumstances, management believes that it is more likely than not that the Company will realize benefit for its deferred tax assets.

As of January 28, 2023, the Company had no unrecognized tax benefits. The Company does not anticipate that unrecognized tax benefits will significantly increase or decrease within 12 months of the reporting date. Federal and state tax years that remain subject to examination are periods ended February 1, 2020 through January 29, 2022.

The Company’s policy is to accrue interest expense, and penalties as appropriate, on estimated unrecognized tax benefits as a charge to interest expense in the consolidated statements of income. No interest or penalties were accrued for fiscal years 2022, 2021 or 2020.

- Definition

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

+ References

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

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

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

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

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

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

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

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

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

+ Details

Commitments and Contingencies

12 Months Ended

Jan. 28, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(16) Commitments and Contingencies

Legal Matters

The Company is involved in various legal matters generally incidental to its business. After discussion with legal counsel, management is not aware of any matters for which the likelihood of a loss is probable and reasonably estimable and which could have a material impact on its consolidated financial condition, liquidity, or results of operations.

TMS McCarthy, LP, Etc., Pltf. v. Sportsman’s Warehouse Southwest, Inc. Etc. Et Al., Dfts.- On June 23, 2020 TMS McCarthy, LP filed a complaint in the Superior Court of the State of California for the County of Santa Clara against Sportsman’s Warehouse Southwest, Inc., a wholly owned subsidiary of Sportsman’s Warehouse Holdings Inc., claiming the Company wrongfully terminated the lease relating to one of its stores. Subsequent to the end of fiscal year 2022 the Company entered into a settlement agreement with TMS McCarthy to settle the lawsuit. As part of the settlement agreement, the Company agreed to make a one-time payment to TMS McCarthy by April 14, 2023 in the amount of $2,087,500. TMS McCarthy agreed to dismiss all claims in the litigation.

Retirement Plan

12 Months Ended

Jan. 28, 2023

Retirement Benefits [Abstract]

Retirement Plan

(17) Retirement Plan

The Company sponsors a profit-sharing plan (the “Plan”) for which Company contributions are based upon wages paid. As approved by the Board of Directors (the “Board”), the Company makes discretionary contributions to the Plan at rates determined by management. The Company made contributions of $1,343, $1,974, and $1,532, for the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, respectively.

Terminated Merger with Great Outdoors Group

12 Months Ended

Jan. 28, 2023

Terminated Merger with Great Outdoors Group

Terminated Merger with Great Outdoors Group

(18) Terminated Merger with Great Outdoors Group

On December 2, 2021, Sportsman’s Warehouse, Great Outdoors Group, LLC and Phoenix Merger Sub I, Inc. (“Merger Subsidiary”) entered into a Termination Agreement (the “Termination Agreement”) under which the parties agreed to terminate the merger agreement, dated December 21, 2020, among the same parties (the “merger Agreement”), effective immediately. Pursuant to the terms and conditions set forth in the Merger Agreement, Merger Subsidiary would have been merged with and into Sportsman’s Warehouse, with Sportsman’s Warehouse continuing as the surviving corporation in the Merger and a wholly-owned subsidiary of Great Outdoors Group (the “Merger”). The decision to terminate the Merger Agreement followed feedback from the Federal Trade Commission (“FTC”) that led the parties to believe that they would not have obtained FTC clearance to consummate the Merger. Under the Termination Agreement, Great Outdoors Group agreed to pay us the Parent Termination Fee (as defined in the Merger Agreement) of $55.0 million by wire transfer of immediately available funds concurrently with the execution of the Termination Agreement. The Company received the $55.0 million payment on December 2, 2021 included in other income (expense) in the consolidated statements of income.

Subsequent Events

12 Months Ended

Jan. 28, 2023

Subsequent Events [Abstract]

Subsequent Events

(19) Subsequent Events

On March 20, 2023 the Company entered into a settlement agreement with TMS McCarthy to settle a lawsuit filed by TMS McCarthy alleging wrongful termination of a lease relating to one of the Company’s stores. As part of the settlement agreement, the Company agreed to make a one-time payment to TMS McCarthy by April 14, 2023 in the amount of $2,087,500. This amount was recognized in fiscal year 2022. TMS McCarthy agreed to dismiss all claims in the litigation.

On April 10, 2023, Jon Barker notified the Company of his retirement and voluntary resignation as President, Chief Executive Officer and member of the Board of the Company, in each case effective April 14, 2023. Mr. Barker’s resignation was not the result of any disagreement with the Company or the Company’s management regarding operations, policies or practices. The Board appointed Joseph P. Schneider as Interim President and Interim Chief Executive Officer of the Company, effective April 14, 2023. Mr. Schneider will perform the functions of the Company’s principal executive officer.

In connection with Mr. Schneider’s appointment as Interim President and Interim Chief Executive Officer, he will receive an annual base salary of $1,200,000. In addition, the Board approved a grant of $250,000 restricted stock units under the Company’s 2019 Performance Incentive Plan to be made to Mr. Schneider on April 14, 2023. Such restricted stock units will vest in four substantially equal installments on the first four quarterly anniversaries of the grant date, subject to Mr. Schneider’s continued employment with the Company, or if earlier, will vest in full upon a change in control of the Company. Mr. Schneider will also be eligible to participate in the Company’s benefit plans generally made available to the executives of the Company.

On April 10, 2023, the Board appointed Erica Fortune to serve on the Board as an independent Class II director, effective April 14, 2023, to serve until the Company’s 2025 annual meeting of stockholders and until her successor is duly elected and qualified. The Board also appointed Ms. Fortune to serve on the Nominating and Governance Committee of the Board.

In connection with her service as a director, Ms. Fortune will receive the Company’s standard non-employee director cash and equity compensation under its Directors’ Compensation Policy. Under the Directors’ Compensation Policy, Ms. Fortune will receive an annual grant of restricted stock units with a fair market value equal to $75,000, which will be pro-rated based on the number of days remaining before the 2023 annual meeting.

On April 10, 2023, the Board appointed Ms. Martha Bejar as Lead Independent Director of the Board, effective April 14, 2023, and appointed Ms. Nancy Walsh as Chair of the Audit Committee of the Board, effective April 30, 2023.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 28, 2023

Accounting Policies [Abstract]

Principles of Consolidation

Fiscal Year

Seasonality

The Company’s business is generally seasonal, with a significant portion of total sales occurring during the third and fourth quarters of the fiscal year.

Use of Estimates in the Preparation of Consolidated Financial Statements

Segment Reporting

Cash and Cash Equivalents

accompanying consolidated balance sheets. Cash equivalents consist of short-term money market securities with maturities less than three months from the time of investment.

Accounts Receivable

Merchandise Inventories

Property and Equipment

Impairment of Long-Lived Assets

Goodwill

Prepaid Expenses and Other

Prepaid expenses and other primarily consists of prepaid expenses, vendor rebates receivable, vendor advertising receivables, right of return assets, and miscellaneous deposits.

Leases

See Note 6 for further discussion on leases.

Revenue Recognition

Revenue recognition accounting policy

Substantially all of the Company’s revenue is for single performance obligations for the following distinct items:

•

Retail store sales

•

E-commerce sales

•

Gift cards and loyalty rewards program

Sales returns

Contract Balances

The following table provides information about right of return assets, contract liabilities, and sales return liabilities with customers as of January 28, 2023 and January 29, 2022:


	January 28, 2023			January 29, 2022
Right of return assets, which are included in prepaid expenses and other	$	1,951		$	2,142
Estimated gift card contract liability, net of breakage		(29,174	)		(23,128	)
Estimated loyalty contract liability, net of breakage		(5,383	)		(7,211	)
Sales return liabilities, which are included in accrued expenses		(2,912	)		(3,197	)

Disaggregation of revenue from contracts with customers


		Fiscal year Ended
		January 28,			January 29,			January 30,
Department	Product Offerings	2023			2022			2021
Camping	Backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents and tools		12.5	%		13.1	%		12.7	%
Apparel	Camouflage, jackets, hats, outerwear, sportswear, technical gear and work wear		9.3	%		8.4	%		7.5	%
Fishing	Bait, electronics, fishing rods, flotation items, fly fishing, lines, lures, reels, tackle and small boats		8.9	%		10.0	%		9.9	%
Footwear	Hiking boots, socks, sport sandals, technical footwear, trail shoes, casual shoes, waders and work boots		7.3	%		6.8	%		5.6	%
Hunting and Shooting	Ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, reloading equipment and shooting gear		54.9	%		54.2	%		57.6	%
Optics, Electronics, Accessories, and Other	Gift items, GPS devices, knives, lighting, optics, two-way radios, and other license revenue, net of revenue discounts		7.1	%		7.5	%		6.7	%
Total			100.0	%		100.0	%		100.0	%

Cost of Goods Sold

Shipping and Handling Fees and Costs

All shipping and handling fees billed to customers are recorded as a component of net sales. All costs incurred related to the shipping and handling of products are recorded in cost of sales.

Vendor Allowances

Health Insurance

Workers Compensation Insurance

Advertising

Stock-Based Compensation

Income Taxes

Fair Value of Financial Instruments

Earnings Per Share

Comprehensive Income

The Company has no components of income that would require classification as other comprehensive income for the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021.

Share Retirement

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 28, 2023

Accounting Policies [Abstract]

Schedule of right of return assets, contract liabilities, and sales return liabilities with customers

The following table provides information about right of return assets, contract liabilities, and sales return liabilities with customers as of January 28, 2023 and January 29, 2022:


	January 28, 2023			January 29, 2022
Right of return assets, which are included in prepaid expenses and other	$	1,951		$	2,142
Estimated gift card contract liability, net of breakage		(29,174	)		(23,128	)
Estimated loyalty contract liability, net of breakage		(5,383	)		(7,211	)
Sales return liabilities, which are included in accrued expenses		(2,912	)		(3,197	)

Schedule of Revenue by Departments


		Fiscal year Ended
		January 28,			January 29,			January 30,
Department	Product Offerings	2023			2022			2021
Camping	Backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents and tools		12.5	%		13.1	%		12.7	%
Apparel	Camouflage, jackets, hats, outerwear, sportswear, technical gear and work wear		9.3	%		8.4	%		7.5	%
Fishing	Bait, electronics, fishing rods, flotation items, fly fishing, lines, lures, reels, tackle and small boats		8.9	%		10.0	%		9.9	%
Footwear	Hiking boots, socks, sport sandals, technical footwear, trail shoes, casual shoes, waders and work boots		7.3	%		6.8	%		5.6	%
Hunting and Shooting	Ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, reloading equipment and shooting gear		54.9	%		54.2	%		57.6	%
Optics, Electronics, Accessories, and Other	Gift items, GPS devices, knives, lighting, optics, two-way radios, and other license revenue, net of revenue discounts		7.1	%		7.5	%		6.7	%
Total			100.0	%		100.0	%		100.0	%

Acquisition of Field and Stream Stores (Tables)

12 Months Ended

Jan. 28, 2023

Business Acquisition [Line Items]

Summary of pro forma information


	Fifty-Two Weeks Ended
	January 30,		February 1,
	2021		2020
Net sales		1,464,406		909,113
Net income		91,475		19,775

Earnings per share:
Basic		2.10		0.46
Diluted		2.07		0.45

Asset Purchase Agreement 1 With Dicks

Business Acquisition [Line Items]

Summary of the purchase price consideration and related cash outflow


	March 12, 2020
Cash paid to seller	$	1,075
Payable to seller		1,064
Total purchase price	$	2,139

Summary of the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date


	March 12, 2020
Cash	$	10
Inventory		2,133
Property, plant, and equipment		892
Operating lease right of use asset		2,070
Operating lease right of use liability		(1,794	)
Deferred tax liability		(314	)
Bargain purchase		(858	)
Total	$	2,139

Asset Purchase Agreement 2 With Dicks

Business Acquisition [Line Items]

Summary of the purchase price consideration and related cash outflow


	May 14, 2020
Cash paid to seller	$	1,317
Payable to seller		1,094
Total purchase price	$	2,411

Summary of the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date


	May 14, 2020
Cash	$	18
Inventory		2,218
Property, plant, and equipment		375
Operating lease right of use asset		5,605
Operating lease right of use liability		(5,605	)
Deferred tax liability		(53	)
Bargain purchase		(147	)
Total	$	2,411

Asset Purchase Agreement 3 With Dicks

Business Acquisition [Line Items]

Summary of the purchase price consideration and related cash outflow


	October 8, 2020
Cash paid to seller	$	227
Payable to seller		1,774
Total purchase price	$	2,001

Summary of the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date


	October 8, 2020
Cash	$	50
Inventory		3,515
Property, plant, and equipment		1,046
Operating lease right of use asset		9,534
Operating lease right of use liability		(10,508	)
Deferred tax liability		(423	)
Bargain purchase		(1,213	)
Total	$	2,001

Property and Equipment (Tables)

12 Months Ended

Jan. 28, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment as of January 28, 2023 and January 29, 2022 was as follows:


	January 28,			January 29,
	2023			2022
Furniture, fixtures, and equipment	$	138,004		$	115,597
Leasehold improvements		170,494			143,064
Construction in progress		20,875			5,007
Total property and equipment, gross		329,373			263,668
Less accumulated depreciation and amortization		(166,787	)		(135,364	)
Total property and equipment, net	$	162,586		$	128,304

Definite Lived Intangible Assets (Tables)

12 Months Ended

Jan. 28, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Definite Lived Intangible Assets

The following table summarizes the definite lived intangible assets:


	January 28, 2023
	Amortization Period	Gross carrying amount		Accumulated amortization			Net carrying amount
Amortizing intangible assets:
Domain Name	10 years		450		(132	)		318
Intellectual Property	8 years		100		(29	)		71
Total		$	550		(161	)		389

	January 29, 2022
	Amortization Period	Gross carrying amount		Accumulated amortization			Net carrying amount
Amortizing intangible assets:
Domain Name	10 years		257		(78	)		179
Intellectual Property	8 years		100		(15	)		85
Total		$	357		(93	)		264

Leases (Tables)

12 Months Ended

Jan. 28, 2023

Leases [Abstract]

Summary of lease expense

In accordance with ASC 842, total lease expense was comprised of the following:


	Fiscal Year Ended
	January 28,		January 29,		January 30,
	2023		2022		2021
Operating lease expense	$	58,562	$	56,293	$	51,948
Variable lease expense		18,740		17,252		15,376
Short-term lease expense		1,200		1,325		688
Total lease expense	$	78,502	$	74,870	$	68,012

Schedule of other information

In accordance with ASC 842, other information related to leases was as follows:


	Fiscal Year Ended
	January 28,			January 29,			January 30,
	2023			2022			2021
Operating cash flows from operating leases	$	(63,783	)	$	(59,502	)	$	(55,765	)
Cash paid for lease liabilities - operating leases		(63,783	)		(59,502	)		(55,765	)

	As of January 28,			As of January 29,			As of January 30,
	2023			2022			2021
Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities	$	54,243		$	39,437		$	39,119
Terminated right-of-use assets and liabilities		—			—			(2,947	)
Weighted-average remaining lease term - operating leases		5.75			5.83			6.09
Weighted-average discount rate - operating leases		7.96	%		8.29	%		8.35	%

Schedule of maturities of operating lease liabilities

In accordance with ASC 842, maturities of operating lease liabilities as of January 28, 2023 were as follows:


	Operating
Year Endings:	Leases
2023	$	68,239
2024		64,596
2025		57,812
2026		52,752
2027		45,201
Thereafter		146,048
Undiscounted cash flows	$	434,648
Reconciliation of lease liabilities:
Present values	$	305,944
Lease liabilities - current		45,465
Lease liabilities - noncurrent		260,479
Lease liabilities - total	$	305,944
Difference between undiscounted and discounted cash flows	$	128,704

Accrued Expenses and Other Liabilities (Tables)

12 Months Ended

Jan. 28, 2023

Payables and Accruals [Abstract]

Components of Accrued Expenses

Accrued expenses and other liabilities consist of the following at January 28, 2023 and January 29, 2022:


	January 28, 2023		January 29, 2022
Book overdraft	$	20,723	$	16,252
Unearned revenue		41,203		42,058
Accrued payroll and related expenses		15,820		26,309
Sales and use tax payable		5,896		8,788
Accrued construction costs		1,469		416
Other		14,865		15,189
Total accrued expenses	$	99,976	$	109,012

Fair Value Measurements (Tables)

12 Months Ended

Jan. 28, 2023

Fair Value Disclosures [Abstract]

Schedule of fair value measurements of the Company on a recurring basis

The following table shows the fair value measurements of the Company on a recurring basis:

Fair Value as of

Fair Value as of

Asset

Type

Measurement Level

January 28, 2023

January 29, 2022

Short-term Investments (1)

Cash and Cash Equivalents

Level 1

—

55,000

(1)

Fair value approximates carrying value because maturities are less than three months.

Earnings Per Share (Tables)

12 Months Ended

Jan. 28, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:


	Fiscal Year Ended
	January 28,		January 29,		January 30,
	2023		2022		2021
Net income	$	40,518	$	108,470	$	91,380
Weighted-average shares of common stock outstanding:
Basic		40,489		43,827		43,525
Dilutive effect of common stock equivalents		230		716		905
Diluted		40,719		44,543		44,430
Basic earnings per share	$	1.00	$	2.47	$	2.10
Diluted earnings per share	$	1.00	$	2.44	$	2.06
Restricted stock units considered anti-dilutive and excluded in the calculation		244		38		15

Stock-Based Compensation (Tables)

12 Months Ended

Jan. 28, 2023

Share-Based Payment Arrangement [Abstract]

Rollforward of Outstanding Nonvested Performance-based Stock Awards

The following table sets forth the rollforward of outstanding nonvested performance-based stock awards (per share amounts are not in thousands):


				Weighted
				average
				grant-date
	Shares			fair value
Balance at January 29, 2022		487		$	5.13
Grants		188			10.88
Forfeitures		(194	)		7.95
Vested		(168	)		3.49
Balance at January 28, 2023		313		$	7.72

				Weighted
				average
				grant-date
	Shares			fair value
Balance at January 30, 2021		624		$	5.13
Grants		-			-
Forfeitures		(115	)		5.10
Vested		(22	)		4.91
Balance at January 29, 2022		487		$	5.13

Rollforward of Outstanding Nonvested Stock Units


				Weighted
				average
				grant-date
	Shares			fair value
Balance at January 29, 2022		929		$	11.56
Grants		444			10.77
Forfeitures		(226	)		11.15
Vested		(426	)		9.94
Balance at January 28, 2023		721		$	12.16

				Weighted
				average
				grant-date
	Shares			fair value
Balance at January 30, 2021		779		$	5.19
Grants		708			14.70
Forfeitures		(217	)		7.91
Vested		(341	)		5.87
Balance at January 29, 2022		929		$	11.56

Income Taxes (Tables)

12 Months Ended

Jan. 28, 2023

Income Tax Disclosure [Abstract]

Provision for Income Taxes

For the fiscal years ended January 28, 2023, January 29, 2022, and January 30, 2021, the income tax provision consisted of the following:


	January 28,		January 29,		January 30,
	2023		2022		2021
Current:
Federal	$	6,853	$	23,107	$	24,023
State		2,737		7,312		6,991
Total current		9,590		30,419		31,014
Deferred:
Federal		3,602		5,133		(390	)
State		158		217		(544	)
Total deferred		3,760		5,350		(934	)
Total income tax provision	$	13,350	$	35,769	$	30,080

Schedule of Federal Statutory Tax Rate

The provision for income taxes differs from the amounts computed by applying the federal statutory rate as follows for the following periods:


	January 28,				January 29,				January 30,
		2023				2022				2021
Federal statutory rate			21.0	%			21.0	%			21.0	%
State tax, net of federal benefit			4.1				4.1				4.1
Permanent items			1.1				0.1				(0.3	)
Tax Credits			(1.7	)			(0.6	)			(0.4	)
Other items			0.3				0.2				0.4
Effective income tax rate			24.8	%			24.8	%			24.8	%

Schedule of Deferred Tax Assets and Liabilities


	January 28,			January 29,
	2023			2022
Deferred tax assets:
Accrued liabilities	$	928		$	1,521
Operating lease liability		76,792			69,565
Gift card liability		1,992			1,332
Goodwill		589			671
Intangible asset		781			927
Inventories		3,109			2,940
Sales return reserve		241			265
Stock-based compensation		993			1,082
Loyalty program		1,351			1,810
Total gross deferred tax assets	$	86,776		$	80,113
Deferred tax liabilities:
Depreciation	$	(27,742	)	$	(23,860	)
ROU asset		(67,417	)		(61,005	)
Prepaid expenses		(1,161	)		(1,027	)
Total gross deferred tax liabilities		(96,320	)		(85,892	)
Net deferred tax asset	$	(9,544	)	$	(5,779	)

Nature of Business (Details)	Jan. 28, 2023 Store State
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of stores \| Store	131
Number of states \| State	30

Summary of Significant Accounting Policies (Details)	12 Months Ended
Summary of Significant Accounting Policies (Details)	Jan. 28, 2023 USD ($) Segment Subsidiary	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($)
Significant Accounting Policies [Line Items]
Number of subsidiaries \| Subsidiary	4
Fiscal period duration	364 days	364 days	364 days
Number of reportable segments \| Segment	1
Number of operating segments \| Segment	1
Allowance for credit losses	$ 0	$ 0
Inventory write downs	9,436,000	8,405,000
Impairment charge to long-lived assets	0	0	$ 1,039,000
Impairment of goodwill	0	0	0
Stop-loss insurance maintained by health insurance company, deductible per person under health insurance	100,000
Reserve on claims included in accrued expenses	1,603,000	1,349,000
Stop-loss insurance maintained by workers compensation insurance company, deductible per person under workers compensation insurance	150,000
Workers compensation plan, estimated IBNR	1,297,000	1,249,000
Advertising Expense	23,816,000	20,537,000	15,663,000
Other comprehensive income (loss), net of tax	$ 0	0	$ 0
Minimum
Significant Accounting Policies [Line Items]
Fiscal period duration	364 days
Furniture, fixtures, and equipment, estimated useful life	3 years
Maximum
Significant Accounting Policies [Line Items]
Fiscal period duration	371 days
Furniture, fixtures, and equipment, estimated useful life	10 years
Wells Fargo Senior Secured Revolving Credit Facility
Significant Accounting Policies [Line Items]
In Transit Deposits	$ 9,389,000	10,923,000
Amount drawn	$ 96,892,000	$ 76,976,000

Summary of Significant Accounting Policies - Revenue Recognition Accounting Policy (Details) $ in Thousands	12 Months Ended
	Jan. 28, 2023 USD ($)
Accounting Policies [Abstract]
Gift card historical breakage (as a percent)	4.00%
Gift card escheat liability	$ 0
Redemption Period	2 years
Breakage of loyalty reward (as a percent)	25.00%

Summary of Significant Accounting Policies - Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Disaggregation of Revenue [Line Items]
Right of return assets, which are included in prepaid expenses and other	$ 1,951	$ 2,142
Sales return liabilities, which are included in accrued expenses	(2,912)	(3,197)
Gift breakage income	1,573	1,606	$ 1,167
Recognized customer loyalty program breakage income	3,126	5,769	4,730
Revenue related to the contract liability	$ 20,656	17,167	$ 8,110
Revenue from contract with customer liability recognition period	2 years
Gift Card
Disaggregation of Revenue [Line Items]
Estimated contract liability, net of breakage	$ (29,174)	(23,128)
Loyalty Reward Program
Disaggregation of Revenue [Line Items]
Estimated contract liability, net of breakage	$ (5,383)	$ (7,211)

Summary of Significant Accounting Policies - Disaggregation of revenue from contracts with customers (Details)	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	100.00%	100.00%	100.00%
Camping
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	12.50%	13.10%	12.70%
Apparel
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	9.30%	8.40%	7.50%
Fishing
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	8.90%	10.00%	9.90%
Footwear
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	7.30%	6.80%	5.60%
Hunting and Shooting
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	54.90%	54.20%	57.60%
Optics, Electronics, Accessories, and Other
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	7.10%	7.50%	6.70%

Acquisition of Field and Stream Stores (Details) $ in Thousands							1 Months Ended			11 Months Ended	12 Months Ended
	Oct. 08, 2020 USD ($)	Sep. 16, 2020 USD ($) Store	May 14, 2020 USD ($)	Mar. 12, 2020 USD ($)	Mar. 06, 2020 USD ($) Store	Feb. 14, 2020 USD ($) Store	Jan. 30, 2021 USD ($)	Aug. 31, 2020 USD ($)	Jun. 30, 2020 USD ($)	Jan. 30, 2021 USD ($)	Jan. 28, 2023 USD ($)	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($)
Business Acquisition [Line Items]
Net sales										$ 34,555	$ 1,399,515	$ 1,506,072	$ 1,451,767
Net income										$ 4,659	$ 40,518	$ 108,470	91,380
Sportsman's Warehouse, Inc \| Asset Purchase Agreement 1 With Dicks
Business Acquisition [Line Items]
Number of stores acquired \| Store						1
Maximum period for which transition services will be provided						120 days
Aggregate consideration				$ 2,139		$ 2,139
Remaining consideration paid to seller				1,075					$ 1,000
Liabilities except leases assumed				$ 0
Sportsman's Warehouse, Inc \| Asset Purchase Agreement 1 With Dicks \| Revolving Credit Facility
Business Acquisition [Line Items]
Amount drawn						$ 1,100
Sportsman's Warehouse, Inc \| Asset Purchase Agreement 2 With Dicks
Business Acquisition [Line Items]
Number of stores acquired \| Store					1
Maximum period for which transition services will be provided					120 days
Aggregate consideration			$ 2,411		$ 2,411
Remaining consideration paid to seller			1,317					$ 1,100
Liabilities except leases assumed			$ 0
Sportsman's Warehouse, Inc \| Asset Purchase Agreement 2 With Dicks \| Revolving Credit Facility
Business Acquisition [Line Items]
Amount drawn					$ 1,317
Sportsman's Warehouse, Inc \| Asset Purchase Agreement 3 With Dicks
Business Acquisition [Line Items]
Number of stores acquired \| Store		2
Maximum period for which transition services will be provided		120 days
Aggregate consideration	$ 2,001	$ 2,001
Remaining consideration paid to seller	227						$ 1,774
Net of rent concessions and deferrals		2,597
Liabilities except leases assumed	$ 0
Sportsman's Warehouse, Inc \| Asset Purchase Agreement 3 With Dicks \| Revolving Credit Facility
Business Acquisition [Line Items]
Amount drawn		$ 226
Sportsman's Warehouse, Inc \| 2020 Acquisitions
Business Acquisition [Line Items]
Acquisition related cost													$ 237

Acquisition of Field and Stream Stores - Purchase price consideration and related cash outflow (Details) - Sportsman's Warehouse, Inc - USD ($) $ in Thousands							1 Months Ended
	Oct. 08, 2020	Sep. 16, 2020	May 14, 2020	Mar. 12, 2020	Mar. 06, 2020	Feb. 14, 2020	Jan. 30, 2021	Aug. 31, 2020	Jun. 30, 2020
Asset Purchase Agreement 1 With Dicks
Business Acquisition [Line Items]
Cash paid to seller				$ 1,075					$ 1,000
Payable to seller				1,064
Total purchase price				$ 2,139		$ 2,139
Asset Purchase Agreement 2 With Dicks
Business Acquisition [Line Items]
Cash paid to seller			$ 1,317					$ 1,100
Payable to seller			1,094
Total purchase price			$ 2,411		$ 2,411
Asset Purchase Agreement 3 With Dicks
Business Acquisition [Line Items]
Cash paid to seller	$ 227						$ 1,774
Payable to seller	1,774
Total purchase price	$ 2,001	$ 2,001

Acquisition of Field and Stream Stores - Estimated fair value of the identifiable assets acquired and assumed liabilities (Details) - USD ($) $ in Thousands	Oct. 08, 2020	May 14, 2020	Mar. 12, 2020
Asset Purchase Agreement 1 With Dicks
Business Combination Recognized Identifiable Assets Acquired And Assumed Liabilities
Cash			$ 10
Inventory			2,133
Property, plant, and equipment			892
Operating lease right of use asset			2,070
Operating lease right of use liability			(1,794)
Deferred tax liability			(314)
Bargain purchase			(858)
Total			$ 2,139
Asset Purchase Agreement 2 With Dicks
Business Combination Recognized Identifiable Assets Acquired And Assumed Liabilities
Cash		$ 18
Inventory		2,218
Property, plant, and equipment		375
Operating lease right of use asset		5,605
Operating lease right of use liability		(5,605)
Deferred tax liability		(53)
Bargain purchase		(147)
Total		$ 2,411
Asset Purchase Agreement 3 With Dicks
Business Combination Recognized Identifiable Assets Acquired And Assumed Liabilities
Cash	$ 50
Inventory	3,515
Property, plant, and equipment	1,046
Operating lease right of use asset	9,534
Operating lease right of use liability	(10,508)
Deferred tax liability	(423)
Bargain purchase	(1,213)
Total	$ 2,001

Acquisition of Field and Stream Stores - Pro forma results - (Details) - USD ($)	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020
Business Acquisitions ProForma
Net sales	$ 1,464,406	$ 909,113
Net income	$ 91,475	$ 19,775
Basic	$ 2.10	$ 0.46
Diluted	$ 2.07	$ 0.45

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 329,373	$ 263,668
Less accumulated depreciation and amortization	(166,787)	(135,364)
Total property and equipment, net	162,586	128,304
Depreciation of property and equipment	31,710	26,200	$ 21,801
Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	138,004	115,597
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	170,494	143,064
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 20,875	$ 5,007

Definite Lived Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022
Finite-Lived Intangible Assets, Net [Abstract]
Gross carrying amount	$ 550	$ 357
Accumulated amortization	(161)	(93)
Net carrying amount	$ 389	$ 264
Domain Name
Finite-Lived Intangible Assets, Net [Abstract]
Amortization period	10 years	10 years
Gross carrying amount	$ 450	$ 257
Accumulated amortization	(132)	(78)
Net carrying amount	$ 318	$ 179
Intellectual Property
Finite-Lived Intangible Assets, Net [Abstract]
Amortization period	8 years	8 years
Gross carrying amount	$ 100	$ 100
Accumulated amortization	(29)	(15)
Net carrying amount	$ 71	$ 85

Definite Lived Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for definite lived intangible asset, fiscal year	$ 66	$ 26	$ 28

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Apr. 13, 2023	Jan. 29, 2022
Lessee, Lease, Description [Line Items]
Options to extend	true
Increase in ROU assets and operating lease liabilities	$ 54,243
Lease liabilities - noncurrent	$ 260,479		$ 236,227
Lease term	10 years
Subsequent Events
Lessee, Lease, Description [Line Items]
Lease liabilities - noncurrent		$ 43,900
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	15 years

Leases - Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Lease Expense (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Leases [Abstract]
Operating lease expense	$ 58,562	$ 56,293	$ 51,948
Variable lease expense	18,740	17,252	15,376
Short-term lease expense	1,200	1,325	688
Total lease expense	$ 78,502	$ 74,870	$ 68,012

Leases - Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Leases [Abstract]
Operating cash flows from operating leases - Cash paid for lease liabilities - operating leases	$ (63,783)	$ (59,502)	$ (55,765)
Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities	$ 54,243	$ 39,437	39,119
Terminated right-of-use assets and liabilities			$ (2,947)
Weighted-average remaining lease term - operating leases	5 years 9 months	5 years 9 months 29 days	6 years 1 month 2 days
Weighted-average discount rate - operating leases	7.96%	8.29%	8.35%

Leases - ASC 842 Maturities (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Lessee, Operating Lease, Liability, to be Paid [Abstract]
2023	$ 68,239
2024	64,596
2025	57,812
2026	52,752
2027	45,201
Thereafter	146,048
Undiscounted cash flows	434,648
Reconciliation of lease liabilities:
Lease liabilities - current	45,465	$ 40,924
Lease liabilities - noncurrent	260,479	$ 236,227
Lease liabilities - total	305,944
Difference between undiscounted and discounted cash flows	$ 128,704

Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Payables and Accruals [Abstract]
Book overdraft	$ 20,723	$ 16,252
Unearned revenue	41,203	42,058
Accrued payroll and related expenses	15,820	26,309
Sales and use tax payable	5,896	8,788
Accrued construction costs	1,469	416
Other	14,865	15,189
Total accrued expenses	$ 99,976	$ 109,012

Fair Value Measurements (Details) $ in Thousands	Jan. 29, 2022 USD ($)
Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets	$ 55,000

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	11 Months Ended	12 Months Ended
	Jan. 30, 2021	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 4,659	$ 40,518	$ 108,470	$ 91,380
Weighted-average shares of common stock outstanding:
Basic		40,489	43,827	43,525
Dilutive effect of common stock equivalents		230	716	905
Diluted		40,719	44,543	44,430
Basic earnings per share		$ 1.00	$ 2.47	$ 2.10
Diluted earnings per share		$ 1.00	$ 2.44	$ 2.06
Restricted stock units considered anti-dilutive and excluded in the calculation		244	38	15

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1448-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1337-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e4984-109258

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e3842-109258

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1252-109256

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e3842-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1337-109256

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

+ Details

Income Taxes - Provision for Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Current:
Federal	$ 6,853	$ 23,107	$ 24,023
State	2,737	7,312	6,991
Total current	9,590	30,419	31,014
Deferred:
Federal	3,602	5,133	(390)
State	158	217	(544)
Total deferred	3,760	5,350	(934)
Total income tax provision	$ 13,350	$ 35,769	$ 30,080

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Schedule of Federal Statutory Tax Rate (Details) - Parent Company	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Reconciliation of the federal statutory income tax rate to the effective income tax rate
Federal statutory rate	21.00%	21.00%	21.00%
State tax, net of federal benefit	4.10%	4.10%	4.10%
Permanent items	1.10%	0.10%	(0.30%)
Tax credits	(1.70%)	(0.60%)	(0.40%)
Other	0.30%	0.20%	0.40%
Effective income tax rate	24.80%	24.80%	24.80%

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Deferred tax assets:
Accrued liabilities	$ 928	$ 1,521
Operating lease liability	76,792	69,565
Gift card liability	1,992	1,332
Goodwill	589	671
Intangible asset	781	927
Inventories	3,109	2,940
Sales return reserve	241	265
Stock-based compensation	993	1,082
Loyalty program	1,351	1,810
Total gross deferred tax assets	86,776	80,113
Deferred tax liabilities:
Depreciation	(27,742)	(23,860)
ROU asset	(67,417)	(61,005)
Prepaid expenses	(1,161)	(1,027)
Total gross deferred tax liabilities	(96,320)	(85,892)
Net deferred tax liability	$ (9,544)	$ (5,779)

Income Taxes - Additional Information (Details) - USD ($)	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 0
Accrued interest and penalties	$ 0	$ 0	$ 0

Revolving Line Of Credit (Details) - USD ($) $ in Thousands		12 Months Ended
Revolving Line Of Credit (Details) - USD ($) $ in Thousands	May 27, 2022	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Line Of Credit Facility [Line Items]
Capitalization of fees paid	$ 508
Gross borrowings under revolving line of credit		$ 1,558,928	$ 1,731,998	$ 1,443,172
Gross paydowns under revolving line of credit		1,543,677	1,656,140	1,599,611
Wells Fargo Senior Secured Revolving Credit Facility
Line Of Credit Facility [Line Items]
Line of credit facility, amount outstanding		96,892	76,976
Amounts in depository under lock-box arrangements		$ 9,389	10,923
Revolving credit facility, covenant term		The Credit Agreement also requires the Company to maintain a minimum availability at all times of not less than 10% of the gross borrowing base and contains customary events of default.
Line of credit , maturity date		May 27, 2027
Deferred financing fees outstanding		$ 657	333
Amortization of deferred financing fees		$ 184	$ 251	$ 251
Wells Fargo Senior Secured Revolving Credit Facility \| Minimum
Line Of Credit Facility [Line Items]
Line of credit facility gross borrowing base percentage		10.00%
Commitment fee		0.20%
Wells Fargo Senior Secured Revolving Credit Facility \| Maximum
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 350,000
Commitment fee		0.225%
Wells Fargo Senior Secured Revolving Credit Facility \| Federal Funds Rate
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		0.50%
Wells Fargo Senior Secured Revolving Credit Facility \| Floor rate
Line Of Credit Facility [Line Items]
Interest rate		0.00%
Wells Fargo Senior Secured Revolving Credit Facility \| Base Rate \| Minimum
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		0.25%
Wells Fargo Senior Secured Revolving Credit Facility \| Base Rate \| Maximum
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		0.50%
Wells Fargo Senior Secured Revolving Credit Facility \| SOFR
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		1.00%
Wells Fargo Senior Secured Revolving Credit Facility \| SOFR \| Minimum
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		1.35%
Wells Fargo Senior Secured Revolving Credit Facility \| SOFR \| Maximum
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		1.60%
Wells Fargo Stand-by Commercial Letters of Credit
Line Of Credit Facility [Line Items]
Net borrowing available under revolving line of credit		$ 1,967

Sale Leaseback Transactions (Details) $ in Thousands	12 Months Ended
Sale Leaseback Transactions (Details) $ in Thousands	Jan. 28, 2023 USD ($) Store	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($)
Sale Leaseback Transaction [Line Items]
Number of stores \| Store	131
Sale-leaseback transactions amount \| $		$ 0	$ 0
Buildings \| Two Store Locations
Sale Leaseback Transaction [Line Items]
Number of sale-leaseback transactions \| Store	2
Tenant allowance received \| $	$ (2,923)

Common Stock (Details)	12 Months Ended
Common Stock (Details)	Jan. 28, 2023 Item
Equity [Abstract]
Vote per share of common stock.	1

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	$ 4,673	$ 3,328	$ 3,302
Unrecognized compensation costs	$ 7,537	$ 13,233
Nonvested Performance-Based Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested stock issued, weighted average grant date fair value per share	$ 10.88
Issuance of nonvested stock units	188
Weighted average grant date fair value per share	$ 7.72	$ 5.13	$ 5.13
Maximum number of shares subject to award	376
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested stock issued, weighted average grant date fair value per share	$ 10.77	$ 14.70
Issuance of nonvested stock units	444	708
Weighted average grant date fair value per share	$ 12.16	$ 11.56	$ 5.19
Employees \| Nonvested Performance-Based Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested stock issued, weighted average grant date fair value per share	$ 10.88
Issuance of nonvested stock units	188	0
Vesting period	3 years
Employees \| Nonvested Restricted Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting percentage	33.00%	33.00%
Vesting period	3 years	3 years
Board Of Directors \| Nonvested Restricted Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting percentage		8.33%
Vesting period	12 months	12 months
Employees And Board Of Directors \| Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issuance of nonvested stock units	444	708
Employees And Board Of Directors \| Nonvested Restricted Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested stock issued, weighted average grant date fair value per share	$ 10.77	$ 14.70
2019 plan \| Employee Stock Plans
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for awards	1,803
Number of awards outstanding	1,034

Stock-Based Compensation (Details) - $ / shares shares in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022
Nonvested Performance-Based Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance, Shares	487	624
Grants, Shares	188
Forfeitures, Shares	(194)	(115)
Vested, Shares	(168)	(22)
Ending balance, Shares	313	487
Beginning balance, Weighted average grant-date fair value	$ 5.13	$ 5.13
Grants, Weighted average grant-date fair value	10.88
Forfeitures, Weighted average grant-date fair value	7.95	5.10
Vested, Weighted average grant-date fair value	3.49	4.91
Ending balance, Weighted average grant-date fair value	$ 7.72	$ 5.13
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance, Shares	929	779
Grants, Shares	444	708
Forfeitures, Shares	(226)	(217)
Vested, Shares	(426)	(341)
Ending balance, Shares	721	929
Beginning balance, Weighted average grant-date fair value	$ 11.56	$ 5.19
Grants, Weighted average grant-date fair value	10.77	14.70
Forfeitures, Weighted average grant-date fair value	11.15	7.91
Vested, Weighted average grant-date fair value	9.94	5.87
Ending balance, Weighted average grant-date fair value	$ 12.16	$ 11.56

Employee Stock Purchase Plan (Details) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2015	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense		$ 4,673	$ 3,328	$ 3,302
Employee Stock Plans
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares granted under ESPP	800
Percentage of market value per share fixed as purchase price	85.00%
Stock-based compensation expense		$ 240	$ 35	$ 212

Commitments and Contingencies - Additional Information (Details) - TMS McCarthy - Subsequent Events	Mar. 20, 2023 USD ($)
Commitments and Contingencies [Line Items]
Settlement paid date	Apr. 14, 2023
Settlement agreement amount	$ 2,087,500

Retirement Plan (Details) - USD ($) $ in Thousands	12 Months Ended
Retirement Plan (Details) - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Retirement Benefits [Abstract]
Company contribution under plan	$ 1,343	$ 1,974	$ 1,532

Terminated Merger with Great Outdoors Group (Details) - Great Outdoors Group, LLC and Phoenix Merger Sub I, Inc $ in Millions	Dec. 02, 2021 USD ($)
Merger termination fee income	$ 55.0
Merger termination fees	$ 55.0

Subsequent Events (Details) - Subsequent Events - TMS McCarthy	Mar. 20, 2023 USD ($)
Subsequent Event
Settlement agreement amount	$ 2,087,500
Settlement paid date	Apr. 14, 2023