Hibbett (HIBB) 10-Q5 Dec 232024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Oct. 28, 2023	Nov. 30, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 28, 2023
Document Transition Report	false
Entity File Number	000-20969
Entity Registrant Name	HIBBETT, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8159608
Entity Address, Address Line One	2700 Milan Court
Entity Address, City or Town	Birmingham
Entity Address, State or Province	AL
Entity Address, Postal Zip Code	35211
City Area Code	205
Local Phone Number	942-4292
Title of 12(b) Security	Common Stock, $0.01 Par Value Per Share
Trading Symbol	HIBB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,771,751
Entity Central Index Key	0001017480
Current Fiscal Year End Date	--02-03
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 28, 2023	Jan. 28, 2023	Oct. 29, 2022
Current assets:
Cash and cash equivalents	$ 29,580	$ 16,015	$ 25,114
Receivables, net	12,136	12,850	15,170
Inventories, net	398,106	420,839	404,819
Other current assets	28,408	23,351	29,577
Total current assets	468,230	473,055	474,680
Property and equipment, net	172,701	169,476	165,196
Operating right-of-use assets	272,909	263,391	266,402
Finance right-of-use assets, net	2,095	2,279	2,027
Tradename intangible asset	23,500	23,500	23,500
Deferred income taxes, net	3,044	3,025	2,484
Other assets, net	8,414	4,434	3,081
Total assets	950,893	939,160	937,370
Current liabilities:
Accounts payable	118,127	190,648	209,194
Operating lease obligations	75,490	72,544	71,649
Credit facility	96,916	36,264	51,657
Finance lease obligations	663	1,132	1,057
Accrued payroll expenses	9,573	11,361	11,550
Other accrued expenses	16,003	15,803	16,820
Total current liabilities	316,772	327,752	361,927
Operating lease obligations	239,300	229,388	233,504
Finance lease obligations	1,557	1,305	1,143
Other liabilities	4,211	4,484	2,962
Total liabilities	561,840	562,929	599,536
Stockholders' investment:
Common stock - 40,147,969; 39,916,593; and 39,847,656 shares issued, respectively	401	399	398
Paid-in capital	219,653	213,182	209,659
Retained earnings	1,200,320	1,137,481	1,102,243
Treasury stock, at cost - 28,376,218; 27,166,538; and 27,161,181 shares repurchased, respectively	(1,031,321)	(974,831)	(974,466)
Total stockholders' investment	389,053	376,231	337,834
Total liabilities and stockholders' investment	$ 950,893	$ 939,160	$ 937,370

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - shares	Oct. 28, 2023	Jan. 28, 2023	Oct. 29, 2022
Statement of Financial Position [Abstract]
Common stock, shares issued (in shares)	40,147,969	39,916,593	39,847,656
Treasury stock, shares at cost (in shares)	28,376,218	27,166,538	27,161,181

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Income Statement [Abstract]
Net sales	$ 431,923	$ 433,164	$ 1,262,297	$ 1,250,021
Cost of goods sold	$ 285,579	$ 284,434	$ 839,411	$ 809,306
Cost of goods sold, as a percent to sales	66.10%	65.70%	66.50%	64.70%
Gross margin	$ 146,344	$ 148,730	$ 422,886	$ 440,715
Gross margin, as a percent to sales	33.90%	34.30%	33.50%	35.30%
Store operating, selling and administrative expenses	$ 99,404	$ 103,510	$ 290,284	$ 290,520
Store operating, selling and administrative expenses, as a percent to sales	23%	23.90%	23%	23.20%
Depreciation and amortization	$ 12,457	$ 11,019	$ 36,189	$ 32,463
Depreciation and amortization, as a percent to sales	2.90%	2.50%	2.90%	2.60%
Operating income	$ 34,483	$ 34,201	$ 96,413	$ 117,732
Operating income, as a percent to sales	8%	7.90%	7.60%	9.40%
Interest expense, net	$ 1,106	$ 467	$ 4,323	$ 900
Interest expense, net, as a percent to sales	0.30%	0.10%	0.30%	0.10%
Income before provision for income taxes	$ 33,377	$ 33,734	$ 92,090	$ 116,832
Income before provision for income taxes, as a percent to sales	7.70%	7.80%	7.30%	9.30%
Provision for income taxes	$ 7,880	$ 8,161	$ 19,816	$ 27,199
Provision for income taxes, as a percent to sales	1.80%	1.90%	1.60%	2.20%
Net income	$ 25,497	$ 25,573	$ 72,274	$ 89,633
Net income, as a percent to sales	5.90%	5.90%	5.70%	7.20%
Basic earnings per share (in dollars per share)	$ 2.09	$ 1.99	$ 5.76	$ 6.89
Diluted earnings per share (in dollars per share)	$ 2.05	$ 1.94	$ 5.66	$ 6.71
Weighted-average shares:
Basic (in shares)	12,224	12,837	12,554	13,004
Diluted (in shares)	12,408	13,202	12,780	13,358

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022
Cash Flows From Operating Activities:
Net income	$ 72,274	$ 89,633
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	36,189	32,463
Stock-based compensation	4,612	5,407
Impairment charges	1,393	346
Other non-cash adjustments	(1,054)	4,682
Changes in operating assets and liabilities:
Inventories, net	22,732	(183,600)
Receivables, net	(1,549)	(1,510)
Accounts payable	(76,088)	119,760
Income tax payable, net	0	2,697
Other assets and liabilities	(6,157)	(17,478)
Net cash provided by operating activities	52,352	52,400
Cash Flows From Investing Activities:
Capital expenditures	(37,163)	(47,463)
Other, net	2,604	938
Net cash used in investing activities	(34,559)	(46,525)
Cash Flows From Financing Activities:
Proceeds under credit facilities	682,264	688,665
Repayments under credit facilities	(621,612)	(637,008)
Stock repurchases	(53,212)	(38,458)
Cash dividends paid to stockholders	(9,427)	(9,699)
Payments of finance lease obligations	(824)	(759)
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	1,861	1,525
Other, net	(3,278)	(2,081)
Net cash (used in) provided by financing activities	(4,228)	2,185
Net increase in cash and cash equivalents	13,565	8,060
Cash and cash equivalents, beginning of period	16,015	17,054
Cash and cash equivalents, end of period	$ 29,580	$ 25,114

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Stockholders' Investment - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance-beginning of period	$ 397,310	$ 322,543	$ 376,231	$ 291,515
Balance - beginning of period (in shares)			27,166,538
Net income	25,497	25,573	$ 72,274	89,633
Issuance of shares through the Company's equity plans	437	617	1,861	1,525
Purchase of shares under the stock repurchase program	(31,999)	(9,049)	(53,212)	(38,458)
Settlement of net share equity awards	(17)	(12)	(2,849)	(2,081)
Excise tax on stock repurchases	(314)		(429)
Cash dividends declared	(3,091)	(3,202)	(9,435)	(9,707)
Stock-based compensation	1,230	1,364	4,612	5,407
Balance-end of period	$ 389,053	$ 337,834	$ 389,053	$ 337,834
Balance - end of period (in shares)	28,376,218	27,161,181	28,376,218	27,161,181
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance-beginning of period (in shares)	40,132,000	39,830,000	39,917,000	39,611,000
Balance-beginning of period	$ 401	$ 398	$ 399	$ 396
Issuance of shares through the Company's equity plans (in shares)	16,000	18,000	231,000	236,000
Issuance of shares through the Company's equity plans			$ 2	$ 2
Balance-end of period (in shares)	40,148,000	39,848,000	40,148,000	39,848,000
Balance-end of period	$ 401	$ 398	$ 401	$ 398
Paid-In Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance-beginning of period	217,986	207,678	213,182	202,729
Issuance of shares through the Company's equity plans	437	617	1,859	1,523
Stock-based compensation	1,230	1,364	4,612	5,407
Balance-end of period	219,653	209,659	219,653	209,659
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance-beginning of period	1,177,914	1,079,872	1,137,481	1,022,317
Net income	25,497	25,573	72,274	89,633
Cash dividends declared	(3,091)	(3,202)	(9,435)	(9,707)
Balance-end of period	1,200,320	1,102,243	1,200,320	1,102,243
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance-beginning of period	$ (998,991)	$ (965,405)	$ (974,831)	$ (933,927)
Balance - beginning of period (in shares)	27,668,000	27,000,000	27,167,000	26,318,000
Purchase of shares under the stock repurchase program (in shares)	708,000	161,000	1,162,000	797,000
Purchase of shares under the stock repurchase program	$ (31,999)	$ (9,049)	$ (53,212)	$ (38,458)
Settlement of net share equity awards (in shares)			47,000	46,000
Settlement of net share equity awards	(17)	(12)	$ (2,849)	$ (2,081)
Excise tax on stock repurchases	(314)		(429)
Balance-end of period	$ (1,031,321)	$ (974,466)	$ (1,031,321)	$ (974,466)
Balance - end of period (in shares)	28,376,000	27,161,000	28,376,000	27,161,000

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Stockholders' Investment (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per share (in dollars per share)	$ 0.25	$ 0.25	$ 0.75	$ 0.75

Basis of Presentation and Criti

Basis of Presentation and Critical Accounting Policies	9 Months Ended
Basis of Presentation and Critical Accounting Policies	Oct. 28, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Critical Accounting Policies	Basis of Presentation and Critical Accounting Policies The accompanying unaudited condensed consolidated financial statements of Hibbett, Inc. and its wholly-owned subsidiaries (including the condensed consolidated balance sheet as of January 28, 2023, which has been derived from audited financial statements) have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") for interim financial information and are presented in accordance with the requirements of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. References to “Hibbett,” “we,” “our,” “us,” and the “Company” refer to Hibbett, Inc. and its subsidiaries, as well as its predecessors. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2023, filed on March 24, 2023 (the "2023 Annual Report"). The unaudited condensed consolidated financial statements have been prepared on a basis consistent in all material respects with the accounting policies described in the 2023 Annual Report and reflect all adjustments of a normal recurring nature that are, in management’s opinion, necessary for the fair presentation of the results of operations, financial position and cash flows for the periods presented. Occasionally, certain reclassifications are made to conform previously reported data to the current presentation. Unless otherwise specifically noted, such reclassifications have no impact on total assets, total liabilities, net income, cash flows or stockholders’ investment in any of the periods presented. Property and Equipment Property and equipment are recorded at cost. Finance lease assets are shown as right-of-use ("ROU") assets and are excluded from property and equipment (see Note 3 , Leases ). Property and equipment consist of the following (in thousands): October 28, January 28, October 29, Land $ 7,277 $ 7,277 $ 7,277 Buildings 22,643 22,529 22,395 Equipment 138,861 134,304 128,537 Furniture and fixtures 70,043 67,522 66,564 Leasehold improvements 191,285 170,773 162,747 Construction in progress 5,492 5,501 7,579 Total property and equipment 435,601 407,906 395,099 Less: accumulated depreciation and amortization 262,900 238,430 229,903 Total property and equipment, net $ 172,701 $ 169,476 $ 165,196 Revenue Recognition We recognize revenue in accordance with Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers, when control of the merchandise is transferred to our customer at delivery. Sales are recorded net of expected returns at the time the customer takes possession of the merchandise. Net sales exclude sales taxes because we are a pass-through conduit for collecting and remitting these taxes. Gift Cards and Customer Orders: The net deferred revenue liability for gift cards and customer orders at October 28, 2023, January 28, 2023, and October 29, 2022 was $10.3 million, $9.8 million, and $9.9 million, respectively, recognized in accounts payable on our unaudited condensed consolidated balance sheets. During the 13-weeks and 39-weeks ended October 28, 2023 and October 29, 2022, gift card deferred revenue realized from prior periods was immaterial. Loyalty Program : We offer the Hibbett/City Gear Rewards program whereby upon registration and in accordance with the terms of the program, customers earn points on certain purchases. Points convert into rewards at defined thresholds. The short-term future performance obligation liability is estimated at each reporting period based on historical conversion and redemption patterns. The liability is included in other accrued expenses on our unaudited condensed consolidated balance sheets and was $4.1 million, $4.1 million, and $3.8 million at October 28, 2023, January 28, 2023, and October 29, 2022, respectively. Revenues disaggregated by major product categories are as follows (in thousands): 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Footwear $ 306,868 $ 294,133 $ 884,230 $ 818,706 Apparel 72,277 93,125 231,177 298,405 Equipment 52,778 45,906 146,890 132,910 Total $ 431,923 $ 433,164 $ 1,262,297 $ 1,250,021 Indefinite-Lived Intangible Assets The City Gear tradename is an indefinite-lived asset which is not amortized, but rather tested for impairment at least annually, or on an interim basis if events and circumstances have occurred that indicate that it is more likely than not that an asset is impaired. No impairment related to the tradename intangible was recognized during the 13-weeks and 39-weeks ended October 28, 2023 and October 29, 2022.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Oct. 28, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Standards that were adopted None. Standards that are not yet adopted In November 2023, the Financial Accounting Standards Board issued ASU 2023-07, Segment Reporting (Topic 280 ). This update provides, among other things, enhanced segment disclosure requirements including disclosures about significant segment expenses. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. We will adopt ASU 2023-07 upon the effective date and do not expect its adoption to have a material impact on our financial position, results of operations or cash flows. We continuously monitor and review all current accounting pronouncements and standards from the Financial Accounting Standards Board of U.S. GAAP for applicability to our operations and financial reporting. As of October 28, 2023, there were no new pronouncements or interpretations that had or were expected to have a significant impact on our financial reporting.

Leases

Leases	9 Months Ended
Leases	Oct. 28, 2023
Leases [Abstract]
Leases	Leases ROU lease assets are periodically reviewed for impairment losses. We use the long-lived assets impairment guidance in ASC Subtopic 360-10, Property, Plant, and Equipment - Overall , to determine when to evaluate assets and asset groups, including ROU assets, for impairment and to calculate any impairment loss to be recognized. Asset group impairment charges in the 13-weeks and 39-weeks ended October 28, 2023 and October 29, 2022, were immaterial. Lease costs are as follows (in thousands): 13-Weeks Ended 39-Weeks Ended October 28, 2023 October 29, 2022 October 28, 2023 October 29, 2022 Operating lease cost $ 20,479 $ 19,285 $ 60,737 $ 56,606 Finance lease cost: Amortization of assets 271 235 791 716 Interest on lease liabilities 25 27 79 84 Variable lease cost 4,862 4,771 14,554 13,536 $ 25,637 $ 24,318 $ 76,161 $ 70,942 Finance ROU assets on the unaudited condensed consolidated balance sheets at October 28, 2023, January 28, 2023, and October 29, 2022 are shown net of accumulated amortization of $4.1 million, $3.3 million, and $3.1 million, respectively. The following table provides ROU assets obtained in exchange for lease obligations (in thousands): 39-Weeks Ended October 28, 2023 October 29, 2022 ROU assets obtained in exchange for lease obligations, net: Operating leases $ 69,507 $ 73,797 Finance leases $ 718 $ 571 As of October 28, 2023, we have entered into approximately $5.5 million of operating lease obligations related to future store locations that have not yet commenced.
Leases	Leases ROU lease assets are periodically reviewed for impairment losses. We use the long-lived assets impairment guidance in ASC Subtopic 360-10, Property, Plant, and Equipment - Overall , to determine when to evaluate assets and asset groups, including ROU assets, for impairment and to calculate any impairment loss to be recognized. Asset group impairment charges in the 13-weeks and 39-weeks ended October 28, 2023 and October 29, 2022, were immaterial. Lease costs are as follows (in thousands): 13-Weeks Ended 39-Weeks Ended October 28, 2023 October 29, 2022 October 28, 2023 October 29, 2022 Operating lease cost $ 20,479 $ 19,285 $ 60,737 $ 56,606 Finance lease cost: Amortization of assets 271 235 791 716 Interest on lease liabilities 25 27 79 84 Variable lease cost 4,862 4,771 14,554 13,536 $ 25,637 $ 24,318 $ 76,161 $ 70,942 Finance ROU assets on the unaudited condensed consolidated balance sheets at October 28, 2023, January 28, 2023, and October 29, 2022 are shown net of accumulated amortization of $4.1 million, $3.3 million, and $3.1 million, respectively. The following table provides ROU assets obtained in exchange for lease obligations (in thousands): 39-Weeks Ended October 28, 2023 October 29, 2022 ROU assets obtained in exchange for lease obligations, net: Operating leases $ 69,507 $ 73,797 Finance leases $ 718 $ 571 As of October 28, 2023, we have entered into approximately $5.5 million of operating lease obligations related to future store locations that have not yet commenced.

Debt

Debt	9 Months Ended
Debt	Oct. 28, 2023
Debt Disclosure [Abstract]
Debt	Debt On July 9, 2021, we executed an unsecured Credit Agreement (the "2021 Credit Facility") between the Company and its subsidiaries and Regions Bank, which provided for an unsecured line of credit of up to $100 million. The 2021 Credit Facility was amended on April 7, 2022, to increase the unsecured line of credit to $125 million and replace the original benchmark interest rate of one-month LIBOR plus 1.0% to 1.8% with the Bloomberg Short-Term Bank Yield Index Rate (the “BSBY Rate”) plus 1.0% to 1.8% (depending on specified leverage levels). On February 28, 2023, we entered into a new unsecured Credit Agreement (the "2023 Credit Facility") with Regions Bank, as administrative agent for the lenders, swingline leader and issuing bank. The 2023 Credit Facility matures on February 28, 2028, and replaced the 2021 Credit Facility and amended certain of its terms and conditions, including the following: • increases the aggregate principal amount of commitments by $35 million, from $125 million to $160 million, which includes a $25 million sublimit for the issuance of standby letters of credit and $25 million sublimit for swingline loans; • permits us to increase the aggregate principal amount of commitments by up to an additional $50 million, subject to certain terms and conditions; • provides that borrowings bear interest at either (i) an annual rate equal to the BSBY Rate, plus an applicable margin ranging from 1.0% to 2.0% depending on specified leverage levels (the "Applicable Margin"), or (ii) at the Company's option, (x) a base rate as set forth in the 2023 Credit Facility plus the Applicable Margin or (y) the BSBY Rate plus the Applicable Margin; and • adjusts the annual commitment fee to an amount, dependent on the amount of debt outstanding, between 12.5 and 25 basis points of the unused portion of the 2023 Credit Facility, from an amount between 15 and 20 basis points of the unused portion of the 2021 Credit Facility. Except as described above, the 2023 Credit Facility did not make any material changes to the principal terms of the 2021 Credit Facility, including with respect to financial covenants. As a result, we are subject to certain financial covenants, which include: • advance limitation of 55% of the net book value of the Company's inventory; • a Consolidated Lease-Adjusted Leverage Ratio comparing lease-adjusted funded debt (funded debt plus all lease liabilities) to EBITDAR (as defined in the 2021 Credit Facility) with a maximum of 3.5x; and • a Consolidated Fixed Coverage Charge Ratio comparing EBITDAR to fixed charges and certain current liabilities (as defined in the 2021 Credit Facility) with a minimum of 1.2x. As of October 28, 2023, we were in compliance with these covenants. Activity against our credit facilities during the periods indicated are as follows (dollars in millions): October 28, 2023 January 28, 2023 October 29, 2022 13-Weeks Ended 39-Weeks Ended 52-Weeks Ended 13-Weeks Ended 39-Weeks Ended Number of days borrowings incurred 91 273 307 91 236 Average borrowings $71.2 $95.2 $40.8 $50.6 $39.3 Maximum borrowings $110.2 $134.1 $110.5 $94.8 $110.0 Average interest rate 6.62% 6.26% 3.21% 3.57% 2.54% At October 28, 2023, we had a balance of $96.9 million and a total of $63.1 million available to us under the 2023 Credit Facility.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
Stock-Based Compensation	Oct. 28, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The stock-based compensation costs that have been charged against income were as follows (in thousands): 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Stock-based compensation expense by type: Stock options $ — $ — $ 220 $ 155 Restricted stock units 1,112 1,269 4,033 4,881 Employee stock purchases 92 69 280 304 Director deferred compensation 26 26 79 67 Total stock-based compensation expense 1,230 1,364 4,612 5,407 Income tax benefit recognized 245 321 1,022 1,247 Stock-based compensation expense, net of income tax $ 985 $ 1,043 $ 3,590 $ 4,160 Expense for restricted stock units is shown net of forfeitures, which were immaterial for the 13-weeks and 39-weeks ended October 28, 2023 and October 29, 2022. We granted the following equity awards: 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Stock options — — 8,188 7,212 Restricted stock unit awards 3,390 1,469 81,905 110,990 Performance-based restricted stock unit awards — — 39,567 49,978 Deferred stock units 553 510 1,708 1,447 At October 28, 2023, the total compensation cost not yet recognized related to unvested restricted stock unit awards was $6.7 million and the weighted-average period over which such awards are expected to be recognized was 1.8 years. There were no unrecognized compensation costs related to unvested stock options at October 28, 2023. Details of stock options granted, exercise price per share and the weighted-average grant date fair value were as follows: 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Total stock options granted — — 8,188 7,212 Exercise price $ — $ — $ 58.38 $ 46.22 Fair value of stock options $ — $ — $ 26.87 $ 21.46 Under the Hibbett, Inc. Amended and Restated Non-Employee Director Equity Plan, 10,469 shares of our common stock were subject to awards granted during the 39-weeks ended October 28, 2023 and 6,388 shares of our common stock were awarded during the 39-weeks ended October 29, 2022. The number of shares purchased, the average price per share and the weighted-average grant date fair value of shares purchased through our employee stock purchase plan were as follows: 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Shares purchased 10,753 6,408 27,484 28,033 Average price per share $ 30.85 $ 38.11 $ 35.78 $ 49.30 Weighted-average fair value at grant date $ 9.43 $ 11.41 $ 13.55 $ 14.58

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Oct. 28, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The computation of basic earnings per share ("EPS") is based on the weighted-average number of common shares outstanding during the period. The computation of diluted EPS is based on the weighted-average number of shares outstanding plus the incremental shares that would be outstanding assuming exercise of dilutive stock options and issuance of restricted stock. The number of incremental shares is calculated by applying the treasury stock method. The following table sets forth the weighted-average number of common shares outstanding (in thousands): 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Weighted-average shares used in basic computations 12,224 12,837 12,554 13,004 Dilutive equity awards 184 365 226 354 Weighted-average shares used in diluted computations 12,408 13,202 12,780 13,358 For the 13-weeks ended October 28, 2023, we excluded 42,452 options from the computations of diluted weighted-average common shares or common stock equivalents outstanding because of their anti-dilutive effect. For the 13-weeks ended October 29, 2022, 21,819 options were excluded from the computation of diluted weighted-average common shares or common share equivalents outstanding because of their anti-dilutive effect. For the 13-weeks ended October 28, 2023 and October 29, 2022, we also excluded 56,354 and 72,472 unvested stock awards granted to certain employees from the computations of diluted weighted-average common shares and common share equivalents outstanding because they are subject to certain performance-based annual vesting conditions which had not been achieved by October 28, 2023 and October 29, 2022, respectively. Assuming the performance criteria had been achieved as of October 28, 2023, the incremental dilutive impact would have been 36,700 shares. There would have been 14,411 dilutive impact on shares assuming the performance criteria had been achieved as of October 29, 2022.

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
Stock Repurchase Program	Oct. 28, 2023
Equity [Abstract]
Stock Repurchase Program	Stock Repurchase Program Our Board of Directors (the "Board") has authorized a stock repurchase program (the "Repurchase Program") since August 2004; replacing, amending, renewing and extending the Repurchase Program periodically. In the most recent amendment in May 2021, the Board authorized an expansion of the Repurchase Program by $500.0 million to a total of $800.0 million to repurchase our common stock through February 1, 2025. The Repurchase Program authorizes repurchases of our common stock in open market or negotiated transactions, with the amount and timing of repurchases dependent on market conditions and at the discretion of our management. In addition to the Repurchase Program, we also acquire shares of our common stock from holders of restricted stock unit awards to satisfy withholding tax requirements due at vesting. Neither excise taxes nor the cost of shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements reduces the authorized amount of repurchases under the Repurchase Program. The number of shares repurchased under the Repurchase Program and acquired from holders of restricted stock unit awards to satisfy tax withholding requirements were as follows (dollars in thousands): 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Common stock repurchased under the Repurchase Program 707,621 160,637 1,162,130 797,033 Aggregate cost of repurchases under the Repurchase Program $ 31,999 $ 9,049 $ 53,211 $ 38,458 Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements 373 208 47,550 46,201 Tax withholding requirement from holders of restricted stock unit awards $ 17 $ 12 $ 2,849 $ 2,081 Excise tax on stock repurchases $ 314 $ — $ 429 $ —

Dividends

Dividends	9 Months Ended
Dividends	Oct. 28, 2023
Equity [Abstract]
Dividends	Dividends In June 2021, the Board instituted a recurring quarterly cash dividend. Since inception, our quarterly dividend has been $0.25 per share. Cash dividends paid were as follows: 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Cash dividends paid (in millions) $3.1 $3.2 $9.4 $9.7 Total paid per share during period $0.25 $0.25 $0.75 $0.75 Subsequently, on November 20, 2023, the Board declared a cash dividend of $0.25 per common share, payable on December 19, 2023, to stockholders of record at the close of business on December 7, 2023. The estimated aggregate payment is expected to be approximately $2.9 million.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Oct. 28, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings and Contingencies. From time to time, the Company is a party to various legal matters in the ordinary course of its business, including actions by employees, consumers, suppliers, government agencies or others. The Company has recorded accruals with respect to these matters, where appropriate, which are reflected in the Company's unaudited condensed consolidated financial statements. For some matters, a liability is not probable or the amount cannot be reasonably estimated and therefore an accrual has not been made. The Company believes that its pending legal matters, both individually and in the aggregate, will be resolved without a material adverse effect on the Company's consolidated financial statements as a whole. However, litigation and other legal matters involve an element of uncertainty. Adverse decisions and settlements, including any required changes to the Company's business, or other developments in such matters could affect our operating results in future periods or result in a liability or other amounts material to the Company's annual consolidated financial statements. No material amounts were accrued at October 28, 2023, January 28, 2023, or October 29, 2022 pertaining to legal proceedings or other contingencies.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Oct. 28, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate is based on expected annual income, statutory tax rates, and tax planning opportunities available in the various jurisdictions in which we operate. For interim financial reporting, we estimate the annual effective tax rate based on expected taxable income or loss for the full year and record a quarterly income tax provision (benefit) in accordance with the anticipated annual effective rate and adjust for discrete items. We update the estimates of the taxable income or loss throughout the year as new information becomes available, including year-to-date financial results. This process often results in a change to our expected effective tax rate for the year. When this occurs, we adjust the income tax provision (benefit) during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected annual effective tax rate. We apply the provisions of ASC Subtopic 740-10 in accounting for uncertainty in income taxes. We recognize a tax benefit associated with an uncertain tax position when, in our judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. At October 28, 2023, January 28, 2023, and October 29, 2022, the liability associated with unrecognized tax benefits was immaterial. We file income tax returns in U.S. federal and various state jurisdictions. Generally, we are not subject to changes in income taxes by the U.S. federal taxing jurisdiction for years prior to Fiscal 2020 or by most state taxing jurisdictions for years prior to Fiscal 2019.

Related-Party Transactions

Related-Party Transactions	9 Months Ended
Related-Party Transactions	Oct. 28, 2023
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions Preferred Growth Properties, LLC ("PGP") The Company leases one store under a lease arrangement with PGP, a wholly owned subsidiary of Books-A-Million, Inc. ("BAMM"). One of our directors is an executive officer of BAMM. Minimum annual lease payments are $0.1 million, if not in co-tenancy, and the lease termination date is February 28, 2027. Minimum lease payments remaining under the lease at October 28, 2023 and October 29, 2022 were immaterial. T.I.G. Management, LLC ("TIG") TIG performs certain new store and store remodel construction for the Company and is 70% owned by a close relative of the Company's President and CEO. For the 13-weeks ended October 28, 2023 and October 29, 2022, payments to TIG for its services were $1.6 million and $3.1 million, respectively. For the 39-weeks ended October 28, 2023 and October 29, 2022, payments to TIG for its services were $4.7 million and $8.3 million, respectively. The amount outstanding to TIG, included in accounts payable on our unaudited condensed consolidated balance sheets at October 28, 2023, January 28, 2023, and October 29, 2022, was immaterial. Retail Security Gates, LLC ("RSG") RSG provides specially manufactured store front security gates used in certain of our store locations and is 50% owned by a close relative of the Company's President and CEO. For the 13-weeks ended October 28, 2023 and October 29, 2022, payments to RSG were $0.1 million and $0.3 million, respectively. For the 39-weeks ended October 28, 2023 and October 29, 2022, payments to RSG were $0.5 million and $0.8 million, respectively. The amount outstanding to RSG, included in accounts payable on our unaudited condensed consolidated balance sheets at October 28, 2023, January 28, 2023 and October 29, 2022, was immaterial.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 25,497	$ 25,573	$ 72,274	$ 89,633

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Oct. 28, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Cri_2

Basis of Presentation and Critical Accounting Policies (Policies)	9 Months Ended
	Oct. 28, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property and Equipment	Property and Equipment
Revenue Recognition	Revenue Recognition We recognize revenue in accordance with Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers, when control of the merchandise is transferred to our customer at delivery. Sales are recorded net of expected returns at the time the customer takes possession of the merchandise. Net sales exclude sales taxes because we are a pass-through conduit for collecting and remitting these taxes. Gift Cards and Customer Orders: The net deferred revenue liability for gift cards and customer orders at October 28, 2023, January 28, 2023, and October 29, 2022 was $10.3 million, $9.8 million, and $9.9 million, respectively, recognized in accounts payable on our unaudited condensed consolidated balance sheets. During the 13-weeks and 39-weeks ended October 28, 2023 and October 29, 2022, gift card deferred revenue realized from prior periods was immaterial. Loyalty Program
Indefinite-Lived Intangible Assets	Indefinite-Lived Intangible Assets
Recent Accounting Pronouncements	Standards that were adopted None. Standards that are not yet adopted In November 2023, the Financial Accounting Standards Board issued ASU 2023-07, Segment Reporting (Topic 280 ). This update provides, among other things, enhanced segment disclosure requirements including disclosures about significant segment expenses. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. We will adopt ASU 2023-07 upon the effective date and do not expect its adoption to have a material impact on our financial position, results of operations or cash flows. We continuously monitor and review all current accounting pronouncements and standards from the Financial Accounting Standards Board of U.S. GAAP for applicability to our operations and financial reporting. As of October 28, 2023, there were no new pronouncements or interpretations that had or were expected to have a significant impact on our financial reporting.

Basis of Presentation and Cri_3

Basis of Presentation and Critical Accounting Policies (Tables)	9 Months Ended
	Oct. 28, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Property and Equipment	Property and equipment consist of the following (in thousands): October 28, January 28, October 29, Land $ 7,277 $ 7,277 $ 7,277 Buildings 22,643 22,529 22,395 Equipment 138,861 134,304 128,537 Furniture and fixtures 70,043 67,522 66,564 Leasehold improvements 191,285 170,773 162,747 Construction in progress 5,492 5,501 7,579 Total property and equipment 435,601 407,906 395,099 Less: accumulated depreciation and amortization 262,900 238,430 229,903 Total property and equipment, net $ 172,701 $ 169,476 $ 165,196
Schedule of Revenue Recognition	Revenues disaggregated by major product categories are as follows (in thousands): 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Footwear $ 306,868 $ 294,133 $ 884,230 $ 818,706 Apparel 72,277 93,125 231,177 298,405 Equipment 52,778 45,906 146,890 132,910 Total $ 431,923 $ 433,164 $ 1,262,297 $ 1,250,021

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Oct. 28, 2023
Leases [Abstract]
Schedule of Lease Cost	Lease costs are as follows (in thousands): 13-Weeks Ended 39-Weeks Ended October 28, 2023 October 29, 2022 October 28, 2023 October 29, 2022 Operating lease cost $ 20,479 $ 19,285 $ 60,737 $ 56,606 Finance lease cost: Amortization of assets 271 235 791 716 Interest on lease liabilities 25 27 79 84 Variable lease cost 4,862 4,771 14,554 13,536 $ 25,637 $ 24,318 $ 76,161 $ 70,942
Schedule of Supplemental Information Related to Leases	The following table provides ROU assets obtained in exchange for lease obligations (in thousands): 39-Weeks Ended October 28, 2023 October 29, 2022 ROU assets obtained in exchange for lease obligations, net: Operating leases $ 69,507 $ 73,797 Finance leases $ 718 $ 571

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Oct. 28, 2023
Debt Disclosure [Abstract]
Schedule of Line of Credit Facilities	Activity against our credit facilities during the periods indicated are as follows (dollars in millions): October 28, 2023 January 28, 2023 October 29, 2022 13-Weeks Ended 39-Weeks Ended 52-Weeks Ended 13-Weeks Ended 39-Weeks Ended Number of days borrowings incurred 91 273 307 91 236 Average borrowings $71.2 $95.2 $40.8 $50.6 $39.3 Maximum borrowings $110.2 $134.1 $110.5 $94.8 $110.0 Average interest rate 6.62% 6.26% 3.21% 3.57% 2.54%

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
Stock-Based Compensation (Tables)	Oct. 28, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Compensation Costs	The stock-based compensation costs that have been charged against income were as follows (in thousands): 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Stock-based compensation expense by type: Stock options $ — $ — $ 220 $ 155 Restricted stock units 1,112 1,269 4,033 4,881 Employee stock purchases 92 69 280 304 Director deferred compensation 26 26 79 67 Total stock-based compensation expense 1,230 1,364 4,612 5,407 Income tax benefit recognized 245 321 1,022 1,247 Stock-based compensation expense, net of income tax $ 985 $ 1,043 $ 3,590 $ 4,160
Schedule of Equity Awards Granted	We granted the following equity awards: 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Stock options — — 8,188 7,212 Restricted stock unit awards 3,390 1,469 81,905 110,990 Performance-based restricted stock unit awards — — 39,567 49,978 Deferred stock units 553 510 1,708 1,447
Schedule of Stock Options Granted, Exercise Price Per Share and Weighted-average Grant Date Fair Value	Details of stock options granted, exercise price per share and the weighted-average grant date fair value were as follows: 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Total stock options granted — — 8,188 7,212 Exercise price $ — $ — $ 58.38 $ 46.22 Fair value of stock options $ — $ — $ 26.87 $ 21.46
Schedule of Shares Purchased	The number of shares purchased, the average price per share and the weighted-average grant date fair value of shares purchased through our employee stock purchase plan were as follows: 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Shares purchased 10,753 6,408 27,484 28,033 Average price per share $ 30.85 $ 38.11 $ 35.78 $ 49.30 Weighted-average fair value at grant date $ 9.43 $ 11.41 $ 13.55 $ 14.58

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Oct. 28, 2023
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The following table sets forth the weighted-average number of common shares outstanding (in thousands): 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Weighted-average shares used in basic computations 12,224 12,837 12,554 13,004 Dilutive equity awards 184 365 226 354 Weighted-average shares used in diluted computations 12,408 13,202 12,780 13,358

Stock Repurchase Program (Table

Stock Repurchase Program (Tables)	9 Months Ended
Stock Repurchase Program (Tables)	Oct. 28, 2023
Equity [Abstract]
Schedule of Shares Repurchased	The number of shares repurchased under the Repurchase Program and acquired from holders of restricted stock unit awards to satisfy tax withholding requirements were as follows (dollars in thousands): 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Common stock repurchased under the Repurchase Program 707,621 160,637 1,162,130 797,033 Aggregate cost of repurchases under the Repurchase Program $ 31,999 $ 9,049 $ 53,211 $ 38,458 Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements 373 208 47,550 46,201 Tax withholding requirement from holders of restricted stock unit awards $ 17 $ 12 $ 2,849 $ 2,081 Excise tax on stock repurchases $ 314 $ — $ 429 $ —

Dividends (Tables)

Dividends (Tables)	9 Months Ended
Dividends (Tables)	Oct. 28, 2023
Equity [Abstract]
Schedule of Number of Declarations and Cash Dividends Paid	Cash dividends paid were as follows: 13-Weeks Ended 39-Weeks Ended October 28, October 29, October 28, October 29, Cash dividends paid (in millions) $3.1 $3.2 $9.4 $9.7 Total paid per share during period $0.25 $0.25 $0.75 $0.75

Basis of Presentation and Cri_4

Basis of Presentation and Critical Accounting Policies -Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Oct. 28, 2023	Jan. 28, 2023	Oct. 29, 2022
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 435,601	$ 407,906	$ 395,099
Less: accumulated depreciation and amortization	262,900	238,430	229,903
Total property and equipment, net	172,701	169,476	165,196
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	7,277	7,277	7,277
Buildings
Property, Plant and Equipment [Line Items]
Total property and equipment	22,643	22,529	22,395
Equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	138,861	134,304	128,537
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	70,043	67,522	66,564
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	191,285	170,773	162,747
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 5,492	$ 5,501	$ 7,579

Basis of Presentation and Cri_5

Basis of Presentation and Critical Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022	Jan. 28, 2023
Disaggregation of Revenue [Line Items]
Liability included in other accrued expenses	$ 4,100,000	$ 3,800,000	$ 4,100,000	$ 3,800,000	$ 4,100,000
Intangible asset impairment	0	0	0	0
Gift cards, customer orders and layaways
Disaggregation of Revenue [Line Items]
Net deferred revenue liability	$ 10,300,000	$ 9,900,000	$ 10,300,000	$ 9,900,000	$ 9,800,000

Basis of Presentation and Cri_6

Basis of Presentation and Critical Accounting Policies - Schedule of Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 431,923	$ 433,164	$ 1,262,297	$ 1,250,021
Footwear
Disaggregation of Revenue [Line Items]
Revenue	306,868	294,133	884,230	818,706
Apparel
Disaggregation of Revenue [Line Items]
Revenue	72,277	93,125	231,177	298,405
Equipment
Disaggregation of Revenue [Line Items]
Revenue	$ 52,778	$ 45,906	$ 146,890	$ 132,910

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Leases [Abstract]
Operating lease cost	$ 20,479	$ 19,285	$ 60,737	$ 56,606
Finance lease cost:
Amortization of assets	271	235	791	716
Interest on lease liabilities	25	27	79	84
Variable lease cost	4,862	4,771	14,554	13,536
Lease cost	$ 25,637	$ 24,318	$ 76,161	$ 70,942

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	Oct. 28, 2023	Jan. 28, 2023	Oct. 29, 2022
Leases [Abstract]
Accumulated amortization	$ 4.1	$ 3.3	$ 3.1
Lease not yet commenced, amount	$ 5.5

Leases - Schedule of ROU Assets

Leases - Schedule of ROU Assets Obtained in Exchange for Lease Obligations (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022
ROU assets obtained in exchange for lease obligations, net:
Operating leases	$ 69,507	$ 73,797
Finance leases	$ 718	$ 571

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	Feb. 28, 2023	Apr. 07, 2022	Jul. 09, 2021	Oct. 28, 2023	Jan. 28, 2023	Oct. 29, 2022
Line of Credit Facility [Line Items]
Net borrowings under credit facility				$ 96,916,000	$ 36,264,000	$ 51,657,000
2021 Credit Facility \| Revolving Credit Facility \| Unsecured Debt
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 125,000,000	$ 100,000,000
Advance limitation, percentage			55%
Leverage ratio			3.5
Fixed coverage charge			1.2
2021 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| Minimum
Line of Credit Facility [Line Items]
Annual commitment fee			0.0015
2021 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| Maximum
Line of Credit Facility [Line Items]
Annual commitment fee			0.0020
2021 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| London Interbank Offered Rate (LIBOR) \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate			1%
2021 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| London Interbank Offered Rate (LIBOR) \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate			1.80%
2021 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| Bloomberg Short-Term Bank Yield (BSBY) \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate		1%
2021 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| Bloomberg Short-Term Bank Yield (BSBY) \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.80%
2023 Credit Facility \| Revolving Credit Facility \| Unsecured Debt
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 160,000,000
Increase in aggregate principal amount	35,000,000
Line of credit facility increase in principal amount	$ 50,000,000
Advance limitation, percentage	55%
Leverage ratio	3.5
Fixed coverage charge	1.2
Net borrowings under credit facility				96,900,000
Remaining borrowing capacity				$ 63,100,000
2023 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| Minimum
Line of Credit Facility [Line Items]
Annual commitment fee	0.00125
2023 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| Maximum
Line of Credit Facility [Line Items]
Annual commitment fee	0.0025
2023 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| Bloomberg Short-Term Bank Yield (BSBY) \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1%
2023 Credit Facility \| Revolving Credit Facility \| Unsecured Debt \| Bloomberg Short-Term Bank Yield (BSBY) \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	2%
2023 Credit Facility \| Letter of Credit \| Unsecured Debt
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 25,000,000
2023 Credit Facility \| Bridge Loan \| Unsecured Debt
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 25,000,000

Debt - Schedule of Line of Cred

Debt - Schedule of Line of Credit Facilities (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 28, 2023 USD ($) day	Oct. 29, 2022 USD ($) day	Oct. 28, 2023 USD ($) day	Oct. 29, 2022 USD ($) day	Jan. 28, 2023 USD ($) day
Debt Disclosure [Abstract]
Number of days borrowings incurred \| day	91	91	273	236	307
Average borrowings	$ 71.2	$ 50.6	$ 95.2	$ 39.3	$ 40.8
Maximum borrowings	$ 110.2	$ 94.8	$ 134.1	$ 110	$ 110.5
Average interest rate	6.62%	3.57%	6.26%	2.54%	3.21%

Stock-based Compensation -Sched

Stock-based Compensation -Schedule of Components of Compensation Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Share-Based Payment Arrangement [Abstract]
Stock options	$ 0	$ 0	$ 220	$ 155
Restricted stock units	1,112	1,269	4,033	4,881
Employee stock purchases	92	69	280	304
Director deferred compensation	26	26	79	67
Total stock-based compensation expense	1,230	1,364	4,612	5,407
Income tax benefit recognized	245	321	1,022	1,247
Stock-based compensation expense, net of income tax	$ 985	$ 1,043	$ 3,590	$ 4,160

Stock-Based Compensation -Sch_2

Stock-Based Compensation -Schedule of Equity Awards Granted (Details) - shares	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (in shares)	0	0	8,188	7,212
Restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unit awards / performance-based restricted stock unit awards (in shares)	3,390	1,469	81,905	110,990
Performance-based restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unit awards / performance-based restricted stock unit awards (in shares)	0	0	39,567	49,978
Deferred stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock units (in shares)	553	510	1,708	1,447

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)	9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued (in shares)	10,469	6,388
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs not yet recognized	$ 6,700,000
Weighted-average period for recognition	1 year 9 months 18 days
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs not yet recognized	$ 0

Stock-Based Compensation -Sch_3

Stock-Based Compensation -Schedule of Stock Options Granted, Exercise Price Per Share and Weighted-average Grant Date Fair Value (Details) - $ / shares	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock options granted (in shares)	0	0	8,188	7,212
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock options granted (in shares)	0	0	8,188	7,212
Exercise price (in dollars per share)	$ 0	$ 0	$ 58.38	$ 46.22
Fair value of stock options (in dollars per share)	$ 0	$ 0	$ 26.87	$ 21.46

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Shares Purchased (Details) - Employee Stock - Employee Stock Purchase Plan - $ / shares	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased (in shares)	10,753	6,408	27,484	28,033
Average price per share (in dollars per share)	$ 30.85	$ 38.11	$ 35.78	$ 49.30
Weighted-average fair value at grant date (in dollars per share)	$ 9.43	$ 11.41	$ 13.55	$ 14.58

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
Earnings Per Share (Details) - shares	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average shares used in basic computations (in shares)	12,224,000	12,837,000	12,554,000	13,004,000
Dilutive equity awards (in shares)	184,000	365,000	226,000	354,000
Weighted-average shares used in diluted computations (in shares)	12,408,000	13,202,000	12,780,000	13,358,000
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded in computation of earnings per share (in shares)	42,452	21,819
Performance-based restricted stock unit awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded in computation of earnings per share (in shares)	56,354	72,472
Incremental common shares (in shares)			36,700	14,411

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Details) - Repurchase Program - USD ($)	Oct. 28, 2023	May 31, 2021
Equity, Class of Treasury Stock [Line Items]
Additional authorized amount		$ 500,000,000
Authorized repurchased amount		$ 800,000,000
Remaining authorized repurchase amount	$ 276,900,000

Stock Repurchase Program - Sche

Stock Repurchase Program - Schedule of Shares Repurchased (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Equity, Class of Treasury Stock [Line Items]
Aggregate cost of repurchases under the Repurchase Program	$ 31,999	$ 9,049	$ 53,212	$ 38,458
Excise tax on stock repurchases	$ 314		$ 429
Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Common stock repurchased under the Repurchase Program (in shares)	707,621	160,637	1,162,130	797,033
Aggregate cost of repurchases under the Repurchase Program	$ 31,999	$ 9,049	$ 53,211	$ 38,458
Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements (in shares)	373	208	47,550	46,201
Tax withholding requirement from holders of restricted stock unit awards	$ 17	$ 12	$ 2,849	$ 2,081
Excise tax on stock repurchases	$ 314	$ 0	$ 429	$ 0

Dividends - Additional Informat

Dividends - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Nov. 20, 2023	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Class of Stock [Line Items]
Cash dividends paid per share (in dollars per share)		$ 0.25	$ 0.25	$ 0.75
Cash dividends declared per share (in dollars per share)		$ 0.25	$ 0.25	$ 0.75	$ 0.75
Cash dividends declared		$ 3,091	$ 3,202	$ 9,435	$ 9,707
Subsequent Event
Class of Stock [Line Items]
Cash dividends declared per share (in dollars per share)	$ 0.25
Cash dividends declared	$ 2,900

Dividends - Schedule of Number

Dividends - Schedule of Number of Declarations and Cash Dividends Paid (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2023	Oct. 29, 2022	Oct. 28, 2023	Oct. 29, 2022
Equity [Abstract]
Cash dividends paid	$ 3,100	$ 3,200	$ 9,427	$ 9,699
Dividends paid (in dollars per share)	$ 0.25	$ 0.25	$ 0.75

Related-Party Transactions (Det

Related-Party Transactions (Details) $ in Millions	3 Months Ended		9 Months Ended
Related-Party Transactions (Details) $ in Millions	Oct. 28, 2023 USD ($) store	Oct. 29, 2022 USD ($)	Oct. 28, 2023 USD ($) store	Oct. 29, 2022 USD ($)
T.I.G. Management, LLC
Related Party Transaction [Line Items]
Ownership percentage	70%		70%
Retail Security Gates, LLC
Related Party Transaction [Line Items]
Ownership percentage	50%		50%
Lease Arrangement with PGP
Related Party Transaction [Line Items]
Number of store leases under lease arrangement \| store	1		1
Minimum annual lease payments			$ 0.1
New Store and Remodel Construction
Related Party Transaction [Line Items]
Payments to related party	$ 1.6	$ 3.1	4.7	$ 8.3
Store Front Security Gates
Related Party Transaction [Line Items]
Payments to related party	$ 0.1	$ 0.3	$ 0.5	$ 0.8