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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jan. 31, 2015	Mar. 13, 2015	Aug. 01, 2014
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jan. 31, 2015
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Trading Symbol	BURL
Entity Registrant Name	BURLINGTON STORES, INC.
Entity Central Index Key	0001579298
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		75,254,682
Entity Public Float			$ 1,014,179,815

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Current Assets:
Cash and Cash Equivalents	$ 25,349	$ 132,984
Restricted Cash and Cash Equivalents	27,800	32,100
Accounts Receivable (Net of Allowances for Doubtful Accounts of $111 and $109 at January 31, 2015 and February 1, 2014, respectively)	49,716	35,678
Merchandise Inventories	788,708	720,052
Deferred Tax Assets	37,229	13,475
Prepaid and Other Current Assets	58,681	82,231
Total Current Assets	987,483	1,016,520
Property and Equipment-Net of Accumulated Depreciation and Amortization	970,419	902,657
Tradenames	238,000	238,000
Favorable Leases-Net of Accumulated Amortization	266,397	292,553
Goodwill	47,064	47,064
Other Assets	115,206	124,298
Total Assets	2,624,569	2,621,092
Current Liabilities:
Accounts Payable	621,682	542,987
Other Current Liabilities	310,268	301,803
Current Maturities of Long Term Debt	1,167	59,026
Total Current Liabilities	933,117	903,816
Long Term Debt	1,249,276	1,369,159
Other Liabilities	273,767	255,877
Deferred Tax Liabilities	234,360	242,708
Commitments and Contingencies (Notes 1, 7, 12, 13, 15 and 17)
Stockholders' Deficit:
Preferred Stock, $0.0001 Par Value: Authorized: 50,000,000 shares; no shares issued and outstanding at January 31, 2015 and February 1, 2014
Common Stock, $0.0001 Par Value; Authorized: 500,000,000 shares at January 31, 2015 and February 1, 2014; Issued: 75,925,507 shares and 74,218,275 shares at January 31, 2015 and February 1, 2014, respectively; Outstanding: 75,254,682 shares and 73,686,524 shares at January 31, 2015 and February 1, 2014, respectively	7	7
Additional Paid-in Capital	1,370,498	1,346,259
Accumulated Deficit	(1,426,454)	(1,492,409)
Accumulated Other Comprehensive Loss	(1,744)
Treasury Stock, at cost: 670,825 shares and 531,751 shares at January 31, 2015 and February 1, 2014, respectively	(8,258)	(4,325)
Total Stockholders' Deficit	(65,951)	(150,468)
Total Liabilities and Stockholders' Deficit	$ 2,624,569	$ 2,621,092

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Accounts Receivable, Allowances for Doubtful Accounts	$ 111	$ 109
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Authorized	50,000,000	50,000,000
Preferred Stock, Issued	0	0
Preferred Stock, Outstanding	0	0
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	75,925,507	74,218,275
Common Stock, Shares Outstanding	75,254,682	73,686,524
Treasury Stock, shares	670,825	531,751

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
REVENUES:
Net Sales	$ 4,814,504	$ 4,427,503	$ 4,131,379
Other Revenue	35,130	34,484	34,125
Total Revenue	4,849,634	4,461,987	4,165,504
COSTS AND EXPENSES:
Cost of Sales	2,900,819	2,695,957	2,530,124
Selling, General and Administrative Expenses	1,520,929	1,391,788	1,312,682
Costs Related to Debt Amendments, Secondary Offerings, Termination of Advisory Agreement and Other	2,412	23,026	4,175
Stock Option Modification Expense	2,940	10,418
Restructuring and Separation Costs		2,171	2,999
Depreciation and Amortization	167,580	168,195	166,786
Impairment Charges-Long-Lived Assets (Note 6)	2,579	3,180	11,539
Other Income, Net	(10,753)	(8,939)	(8,115)
Loss on Extinguishment of Debt	74,347	16,094	2,222
Interest Expense (Inclusive of (Gain) Loss on Interest Rate Cap Contracts)	83,745	127,739	113,927
Total Costs and Expenses	4,744,598	4,429,629	4,136,339
Income Before Income Tax Expense	105,036	32,358	29,165
Income Tax Expense	39,081	16,208	3,864
Net Income	65,955	16,150	25,301
Class L Preference Amount		(111,282)	(146,923)
Net Income (Loss) Attributable to Common Stockholders	65,955	(95,132)	(121,622)
Allocation of Net Income (Loss) to Common Stockholders-Basic	$ 65,955	$ (95,132)	$ (121,622)
Net Income (Loss) Per Share-Basic	$ 0.89	$ (0.26)	$ (0.24)
Allocation of Net Income (Loss) to Common Stockholders-Diluted	$ 65,955	$ (144,392)	$ (134,086)
Net Income (Loss) Per Share-Diluted	$ 0.87	$ (0.39)	$ (0.27)
Weighted Average Number of Shares-Basic	74,101	369,567	505,802
Weighted Average Number of Shares-Diluted	75,865	370,040	505,802
Class L Common Stock
COSTS AND EXPENSES:
Allocation of Net Income (Loss) to Common Stockholders-Basic		$ 111,282	$ 146,923
Net Income (Loss) Per Share-Basic		$ 31.93	$ 28.76
Allocation of Net Income (Loss) to Common Stockholders-Diluted		$ 111,282	$ 146,923
Net Income (Loss) Per Share-Diluted		$ 31.93	$ 28.76
Weighted Average Number of Shares-Basic		3,485	5,109
Weighted Average Number of Shares-Diluted		3,485	5,109

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Net Income	$ 65,955	$ 16,150	$ 25,301
Other Comprehensive Loss, Net of Tax:
Unrealized Losses on Interest Rate Cap Contracts, Net of Related Tax Benefit of $1.2 million during Fiscal 2014	(1,744)
Comprehensive Income	$ 64,211	$ 16,150	$ 25,301

- Definition

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

+ References + Details

Consolidated Statements of Comprehensive Income (Parenthetical) $ in Millions	12 Months Ended
	Jan. 31, 2015 USD ($)
Unrealized Losses on Interest Rate Cap Contracts, Tax Benefit	$ 1.2

Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2015

Feb. 01, 2014

Feb. 02, 2013

OPERATING ACTIVITIES

Net Income

$ 65,955

$ 16,150

$ 25,301

Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:

Depreciation and Amortization

167,580

168,195

166,786

Amortization of Deferred Financing Costs

6,057

9,574

5,805

Impairment Charges-Long-Lived Assets

2,579

3,180

11,539

Accretion of Senior Notes

1,579

2,998

1,899

Deferred Income Tax (Benefit)

(30,940)

(17,973)

(6,536)

Loss on Disposition of Fixed Assets and Leasehold Improvements

897

1,157

2,233

Non-Cash Loss on Extinguishment of Debt-Write-off of Deferred Financing Costs and Original Issue Discount

28,051

11,506

2,222

Non-cash stock compensation expense

^[1]

6,264

10,203

2,747

Non-Cash Rent Expense

(19,463)

(11,059)

(9,873)

Deferred Rent Incentives

38,418

41,571

33,400

Excess Tax Benefit from Stock Based Compensation

(15,461)

Insurance Recoveries

3,573

4,000

Changes in Assets and Liabilities:

Accounts Receivable

(8,616)

1,573

(11,814)

Merchandise Inventories

(68,658)

(39,862)

2,070

Prepaid and Other Current Assets

27,546

(8,961)

(11,891)

Accounts Payable

78,695

42,581

224,121

Other Current Liabilities

18,958

51,096

14,795

Other Long Term Assets and Long Term Liabilities

2,552

3,477

(3,958)

Other

342

372

(337)

Net Cash Provided by Operating Activities

302,335

289,351

452,509

INVESTING ACTIVITIES

Cash Paid for Property and Equipment

(220,980)

(168,267)

(166,721)

Change in Restricted Cash and Cash Equivalents

4,300

2,700

Proceeds From Sale of Property and Equipment and Assets Held for Sale

174

773

1,435

Lease Acquisition Costs

(530)

Net Cash Used in Investing Activities

(216,506)

(164,794)

(165,816)

FINANCING ACTIVITIES

Proceeds from Long Term Debt-ABL Line of Credit

962,500

806,800

459,800

Principal Payments on Long Term Debt-ABL Line of Credit

(899,200)

(806,800)

(649,800)

Principal Payments on Long Term Debt-Senior Notes

(450,000)

Proceeds from Long Term Debt-Holdco Notes

343,000

Principal Payments on Long Term Debt-Holdco Notes

(128,223)

(221,777)

Cash Payments for Interest Rate Cap Contracts

(4,478)

Repayment of Capital Lease Obligations

(940)

(920)

(768)

Payment of Dividends

(336,000)

(1,711)

Purchase of Treasury Shares

(3,933)

(7)

Proceeds from Stock Option Exercises

2,514

2,527

2,760

Excess Tax Benefit from Stock Based Compensation

15,461

Deferred Financing Costs

(13,658)

(22,126)

(459)

Proceeds from Initial Public Offering

260,667

Offering Costs

(23,747)

Net Cash Used in Financing Activities

(193,464)

(34,909)

(279,021)

(Decrease) Increase in Cash and Cash Equivalents

(107,635)

89,648

7,672

Cash and Cash Equivalents at Beginning of Period

132,984

43,336

35,664

Cash and Cash Equivalents at End of Period

25,349

132,984

43,336

Supplemental Disclosure of Cash Flow Information:

Interest Paid

100,047

111,533

108,180

Income Tax Payments, Net of Refunds

74,363

2,769

4,191

Accretion of Class L Preferred Return

104,859

141,571

Non-Cash Investing Activities:

Accrued Purchases of Property and Equipment

21,878

21,604

14,102

Acquisition of Capital Lease

3,342

887

Term B-2 Loans

FINANCING ACTIVITIES

Proceeds from Long Term Debt

116,913

Principal Payments on Long Term Debt

(834,507)

$ (36,533)

$ (205,749)

Term B-3 Loans

FINANCING ACTIVITIES

Proceeds from Long Term Debt

1,194,000

Principal Payments on Long Term Debt

(33,000)

Principal Payments on Long Term Debt-Senior Notes

$ (27,000)

[1]	The tax benefit related to the Company's non-cash stock compensation was $2.3 million, $5.1 million and $1.0 million during Fiscal 2014, Fiscal 2013 and Fiscal 2012 respectively.

Consolidated Statements of Stockholder's Deficit - USD ($)
$ in Thousands

Total

Class A common stock

Class L Common Stock

Common Stock, Amount

Class A common stock

Common Stock, Amount

Class L Common Stock

Additional Paid-in Capital

Class L Common Stock

Accumulated Deficit

Accumulated Other Comprehensive Loss

Treasury Stock, Amount

Class A common stock

Treasury Stock, Amount

Class L Common Stock

Balance at beginning of period at Jan. 28, 2012

$ (995,890)

$ 46

$ (995,932)

$ (4)

Balance at beginning of period (in shares) at Jan. 28, 2012

510,164,622

(4,801,599)

Net Income

25,301

Accretion of Class L Preferred Return

(141,571)

$ (2,364)

(139,207)

Stock Options Exercised and Related Tax Benefit (in shares)

7,320,060

Stock Options Exercised

105

$ 1

104

Issuance of Restricted Shares

495,000

Stock Based Compensation

2,260

Repurchase of Restricted Stock

(10,989)

Other

337

Balance at end of period at Feb. 02, 2013

(1,109,458)

$ 47

(1,109,501)

$ (4)

Balance at end of period (in shares) at Feb. 02, 2013

517,979,682

(4,812,588)

Net Income

16,150

Accretion of Class L Preferred Return

(104,859)

$ (104,859)

(8,201)

(96,658)

Stock Options Exercised and Related Tax Benefit (in shares)

11,668,810

Stock Options Exercised

$ 1

Issuance of Restricted Shares

26,396

Stock Based Compensation

10,203

Repurchase of Restricted Stock

Dividend

(302,400)

Cancellation of Shares (in shares)

(529,620,894)

4,812,588

Cancellation of Shares

$ (44)

$ (48)

$ 4

Conversion of Common Stock (in shares)

58,830,948

(531,751)

Conversion of Common Stock

$ 1,103,019

$ 6

$ 1,107,338

$ (4,325)

Initial Public Offering (in shares)

117,588

15,333,333

Initial Public Offering

236,920

$ 2,531

$ 1

236,919

Balance at end of period at Feb. 01, 2014

(150,468)

$ 7

1,346,259

(1,492,409)

$ (4,325)

Balance at end of period (in shares) at Feb. 01, 2014

74,218,275

(531,751)

Net Income

$ 65,955

65,955

Stock Options Exercised and Related Tax Benefit (in shares)

1,362,066

^[1]

1,362,066

Stock Options Exercised

$ 17,975

17,975

Shares Used for Tax Withholding (in shares)

(139,074)

Shares Used for Tax Withholding

$ (3,933)

Issuance of Restricted Shares

345,166

Stock Based Compensation

6,264

Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $1.2 million

(1,744)

$ (1,744)

Balance at end of period at Jan. 31, 2015

$ (65,951)

$ 7

$ 1,370,498

$ (1,426,454)

$ (1,744)

$ (8,258)

Balance at end of period (in shares) at Jan. 31, 2015

75,925,507

(670,825)

[1]	Options exercised during Fiscal 2014 had a total intrinsic value of $48.1 million.

Consolidated Statements of Stockholder's Deficit (Parenthetical) $ in Millions	12 Months Ended
	Jan. 31, 2015 USD ($) shares
Stock Options Exercised, Related Tax Benefit	$ 15.5
Forfeited Restricted Shares \| shares	1,707
Unrealized Losses on Interest Rate Cap Contracts, Tax Benefit	$ 1.2

Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2015

Summary of Significant Accounting Policies

1. Summary of Significant Accounting Policies

Business

As of January 31, 2015, Burlington Stores, Inc. and its subsidiaries (the Company), a Delaware Corporation, through its indirect subsidiary Burlington Coat Factory Warehouse Corporation (BCFWC), operated 542 retail stores, inclusive of an internet store, in 44 states and Puerto Rico, selling apparel, footwear and accessories for men, women and children. A majority of those stores offer a home furnishing and linens department and a juvenile furniture department. As of January 31, 2015, the Company operated stores under the names “Burlington Stores” (524 stores), “Cohoes Fashions” (two stores), “Super Baby Depot” (two stores), “MJM Designer Shoes” (13 stores) and “Burlington Shoes” (one store). Cohoes Fashions offers products similar to those offered by Burlington Stores. MJM Designer Shoes and Burlington Shoes offer moderately priced designer and fashion shoes. The Super Baby Depot stores offer baby clothing, accessories, furniture and other merchandise in the middle to higher price range. During Fiscal 2014, the Company opened 23 new stores under the name “Burlington Stores” and one new store under the name “MJM Designer Shoes” and closed two Burlington Stores and one MJM Designer Shoes store.

Basis of Consolidation and Presentation

The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The Consolidated Financial Statements include the accounts of Burlington Stores, Inc. and its subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation.

Fiscal Years

The Company defines its fiscal year as the 52 or 53 week period ending on the Saturday closest to January 31. The Company’s fiscal years ended January 31, 2015 (Fiscal 2014), February 1, 2014 (Fiscal 2013) and February 2, 2013 (Fiscal 2012) consisted of 52 weeks, 52 weeks and 53 weeks, respectively.

Use of Estimates

Certain amounts included in the Consolidated Financial Statements are estimated based on historical experience, currently available information and management’s judgment as to the expected outcome of future conditions and circumstances. While every effort is made to ensure the integrity of such estimates, actual results could differ from these estimates, and such differences could have a material impact on the Company’s Consolidated Financial Statements.

Initial Public Offering

On October 7, 2013, the Company completed its initial public offering (the Offering) whereby 15,333,333 shares of common stock were sold to the public at $17.00 per share. Net proceeds from the offering, after deducting underwriting discounts and commissions and offering expenses (including a transaction fee under the Company’s Advisory Agreement with an affiliate of Bain Capital equal to 1% of the gross proceeds of the offering or $2.6 million), were $236.9 million.

Prior to the Offering, each outstanding share of the Company’s Class A common stock was automatically cancelled and then each outstanding share of the Company’s Class L common stock was automatically converted into one share of the Company’s Class A common stock. The Company then effected an 11-for-1 split of the Company’s Class A common stock and then reclassified the Company’s Class A common stock into Common Stock. Collectively, these transactions are referred to as the Reclassification. Unless otherwise indicated, all share data presented within the Consolidated Financial Statements gives effect to the stock split.

Secondary Offerings

On May 6, 2014, the Company closed a secondary public offering of the Company’s common stock, in which 12,000,000 shares of common stock were sold by certain of the Company’s stockholders. In connection with this offering, the selling stockholders granted the underwriters, and the underwriters subsequently exercised, an option to purchase 1,800,000 additional shares of common stock. In addition, on October 10, 2014, December 16, 2014 and January 16, 2015, the Company closed secondary public offerings of the Company’s common stock in which 8,000,000 shares, 8,000,000 shares and 12,500,000 shares of common stock, respectively, were sold by certain of the Company’s stockholders. Collectively, these transactions are referred to as the Secondary Offerings. All of the shares sold in the Secondary Offerings were offered by selling stockholders. The Company did not receive any of the proceeds from the Secondary Offerings. The Company incurred $1.8 million in costs related to the Secondary Offerings during Fiscal 2014, which are included in the line item “Costs Related to Debt Amendments, Secondary Offerings, Termination of Advisory Agreement and Other” in the Company’s Consolidated Statements of Operations.

Cash and Cash Equivalents

Cash and cash equivalents represent cash and short-term, highly liquid investments with maturities of three months or less at the time of purchase. Book cash overdrafts are included in the line item “Accounts Payable” on the Company’s Consolidated Balance Sheets.

Accounts Receivable

Accounts receivable consist of credit card receivables, lease incentive receivables and other receivables. Accounts receivable are recorded at net realizable value, which approximates fair value. The Company provides an allowance for doubtful accounts for amounts deemed uncollectible.

Inventories

Merchandise inventories are valued at the lower of cost or market, as determined by the retail inventory method. Under the retail inventory method, the valuation of inventories at cost and the resulting gross margins are calculated by applying a calculated cost to retail ratio to the retail value of inventories. The Company regularly records a provision for estimated shrinkage, thereby reducing the carrying value of merchandise inventory. Complete physical inventories of all of the Company’s stores and warehouses are performed no less frequently than annually, with the recorded amount of merchandise inventory being adjusted to coincide with these physical counts.

The Company records its cost of merchandise (net of purchase discounts and certain vendor allowances), certain merchandise acquisition costs (primarily commissions and import fees), inbound freight, outbound freight from distribution centers, and freight on internally transferred merchandise in the line item “Cost of Sales” in the Company’s Consolidated Statements of Operations.

Costs associated with the Company’s distribution, buying, and store receiving functions are included in the line items “Selling, General and Administrative Expenses” and “Depreciation and Amortization” in the Company’s Consolidated Statements of Operations. Product sourcing costs included within the line item “Selling, General and Administrative Expenses” amounted to $204.1 million, $168.1 million and $145.1 million Fiscal 2014, Fiscal 2013 and Fiscal 2012, respectively. Depreciation and amortization related to the distribution and purchasing functions for the same periods amounted to $15.3 million, $14.1 million and $12.8 million, respectively.

Property and Equipment

Property and equipment are recorded at cost. Repairs and maintenance expenditures are expensed as incurred. Renewals and betterments, which significantly extend the useful lives of existing property and equipment, are capitalized. Assets recorded under capital leases are recorded at the present value of minimum lease payments and are amortized over the lease term. Amortization of assets recorded as capital leases is included in the line item “Depreciation and Amortization” in the Company’s Consolidated Statements of Operations. The carrying value of all long-lived assets is reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, in accordance with ASC Topic No. 360 “Property, Plant, and Equipment” (Topic No. 360).

Impairment of Long-Lived Assets

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets held and used is measured by a comparison of the carrying amount of an asset to undiscounted pre-tax future net cash flows expected to be generated by that asset. If the undiscounted future cash flows are not adequate to recover the carrying value of the asset, an impairment loss is recognized for the amount by which the carrying amount of the assets exceeds the fair value of the assets. The Company recorded impairment charges related to property and equipment of $2.4 million, $2.7 million and $5.2 million during Fiscal 2014, Fiscal 2013 and Fiscal 2012, respectively. These charges are recorded in the line item “Impairment Charges—Long-Lived Assets” in the Company’s Consolidated Statements of Operations. Refer to Note 6, “Impairment Charges,” for further discussion of the Company’s measurement of impairment of long-lived assets.

Capitalized Computer Software Costs

The Company accounts for capitalized software in accordance with ASC Topic No. 350 “Intangibles—Goodwill and Other” (Topic No. 350) which requires the capitalization of certain costs incurred in connection with developing or obtaining software for internal use. The Company capitalized $13.3 million and $21.1 million relating to these costs during Fiscal 2014 and Fiscal 2013, respectively.

Intangible Assets

The Company accounts for intangible assets in accordance with Topic No. 350. The Company’s intangible assets primarily represent tradenames and favorable lease positions. The tradename asset “Burlington” is expected to generate cash flows indefinitely and, therefore, is accounted for as an indefinite-lived asset not subject to amortization. The values of favorable and unfavorable lease positions are amortized on a straight-line basis over the expected lease terms. Amortization of net favorable lease positions is included in the line item “Depreciation and Amortization” in the Company’s Consolidated Statements of Operations. The Company evaluates its intangible assets for possible impairment as follows:

Indefinite-lived intangible assets: The Company tests identifiable intangible assets with an indefinite life for impairment on an annual basis, or when a triggering event occurs, relying on a number of factors that include operating results, business plans and projected future cash flows. The impairment test consists of a comparison of the fair value of the indefinite-lived intangible asset with its carrying amount. The Company determines fair value through the relief of royalty method which is a widely accepted valuation technique. In May 2014, the Company’s annual assessment date, the Company performed a quantitative analysis and determined that the fair values of each of the Company’s identifiable intangible assets are greater than their respective carrying values. There were no impairment losses recorded during Fiscal 2014, Fiscal 2013 or Fiscal 2012 related to indefinite-lived intangible assets.

Finite-lived intangible assets: Identifiable intangible assets that are subject to amortization are evaluated for impairment in accordance with Topic No. 360 using a process similar to that used to evaluate other long-lived assets as described in Note 6, “Impairment Charges.” An impairment loss is recognized for the amount by which the carrying value exceeds the fair value of the asset. For the favorable lease positions, if the carrying amount exceeds the estimated expected undiscounted future cash flows, the Company measures the amount of the impairment by comparing the carrying amount of the asset to its fair value. The fair value is estimated by discounting expected future cash flows using the Company’s risk adjusted rate of interest. The Company did not record an impairment related to identifiable finite-lived intangible assets during Fiscal 2014 or Fiscal 2013. During Fiscal 2012, the Company recorded $6.3 million of impairment charges related to identifiable finite-lived intangible asset charges, which are recorded in the line item “Impairment Charges—Long-Lived Assets” in the Company’s Consolidated Statements of Operations.

Goodwill

Goodwill represents the excess of the acquisition cost over the estimated fair value of tangible assets and other identifiable intangible assets acquired less liabilities assumed. Topic No. 350 requires a comparison, at least annually, of the carrying value of the assets and liabilities associated with a reporting unit, including goodwill, with the fair value of the reporting unit. The Company determines fair value through multiple widely accepted valuation techniques. These techniques use a variety of assumptions including projected market conditions, discount rates and future cash flows. If the carrying value of the assets and liabilities exceeds the fair value of the reporting unit, the Company would calculate the implied fair value of its reporting unit goodwill as compared with the carrying value of its reporting unit goodwill to determine the appropriate impairment charge. In May 2014, the Company’s annual assessment date, the Company performed a quantitative analysis and determined that the fair value of the Company’s reporting unit is greater than its respective carrying value. There were no impairment losses recorded during Fiscal 2014, Fiscal 2013 or Fiscal 2012.

Other Assets

Other assets consist primarily of landlord owned store assets that the Company has paid for as part of its lease, deferred financing fees and purchased lease rights. Landlord owned assets represent leasehold improvements at certain stores that the Company has paid for, but where the landlord has retained title to such assets. These assets are amortized over the lease term inclusive of reasonably assured renewal options and the amortization is included in the line item “Depreciation and Amortization” in the Company’s Consolidated Statements of Operations. Deferred financing fees are amortized over the life of the related debt facility using the interest method of amortization. Amortization of deferred financing fees is recorded in the line item “Interest Expense” in the Company’s Consolidated Statements of Operations. Purchased lease rights are amortized over the lease term inclusive of reasonably assured renewal options and the amortization is recorded in the line item “Selling, General and Administrative Expenses” in the Company’s Consolidated Statements of Operations. Both landlord owned assets and purchased lease rights are assessed for impairment in accordance with Topic No. 360. During Fiscal 2014 and Fiscal 2013, the Company recorded impairment charges of $0.2 million and $0.5 million, respectively, related to purchased lease rights and landlord owned assets. These charges are recorded in the line item “Impairment Charges – Long-Lived Assets” in the Company’s Consolidated Statements of Operations. There were no impairment charges in Fiscal 2012 related to landlord owned assets and purchased lease rights. Refer to Note 6, “Impairment Charges,” for further discussion of the Company’s measurement of impairment of long-lived assets.

Other Current Liabilities

Other current liabilities primarily consist of sales tax payable, customer liabilities, accrued payroll costs, self-insurance reserves, accrued operating expenses, payroll taxes payable, current portion of straight line rent liability and other miscellaneous items. Customer liabilities totaled $30.5 million and $29.2 million as of January 31, 2015 and February 1, 2014, respectively.

The Company has risk participation agreements with insurance carriers with respect to workers’ compensation, general liability insurance and health insurance. Pursuant to these arrangements, the Company is responsible for paying individual claims up to designated dollar limits. The amounts related to these claims are estimated and can vary based on changes in assumptions or claims experience included in the associated insurance programs. An increase in workers’ compensation claims, health insurance claims or general liability claims may result in a corresponding increase in costs related to these claims. Self insurance reserves as of January 31, 2015 and February 1, 2014 were:


	*(in thousands)*
	Years Ended
	January 31, 2015		February 1, 2014
Short-Term Self Insurance Reserve(a)	$	24,888	$	23,553
Long-Term Self Insurance Reserve(b)		35,953		33,600

Total	$	60,841	$	57,153

(a)	Represents the portions of the self insurance reserve expected to be paid in the next twelve months which is recorded in the line item “Other Current Liabilities” in the Company’s Consolidated Balance Sheets.

(b)	The remaining self insurance reserve balance is recorded in the line item “Other Liabilities” in the Company’s Consolidated Balance Sheets.

Other Liabilities

Other liabilities primarily consist of deferred lease incentives, the long term portion of self-insurance reserves, the excess of straight-line rent expense over actual rental payments and tax liabilities associated with the uncertain tax positions recognized by the Company in accordance with ASC Topic No. 740 “Income Taxes” (Topic No. 740).

Deferred lease incentives are funds received or receivable from landlords used primarily to offset the costs incurred for remodeling of stores. These deferred lease incentives are amortized over the expected lease term including rent holiday periods and option periods where the exercise of the option can be reasonably assured. Amortization of deferred lease incentives is included in the line item “Selling, General and Administrative Expenses” on the Company’s Consolidated Statements of Operations. At January 31, 2015 and February 1, 2014, deferred lease incentives were $176.3 million and $157.5 million, respectively.

Revenue Recognition

The Company records revenue at the time of sale and delivery of merchandise, net of allowances for estimated future returns. The Company presents sales, net of sales taxes, in its Consolidated Statements of Operations. The Company accounts for layaway sales and leased department revenue in compliance with ASC Topic No. 605 “Revenue Recognition” (Topic No. 605). Layaway sales are recognized upon delivery of merchandise to the customer. The amount of cash received upon initiation of the layaway is recorded as a deposit liability in the line item “Other Current Liabilities” in the Company’s Consolidated Balance Sheets. Store value cards (gift cards and store credits issued for merchandise returns) are recorded as a liability at the time of issuance, and the related sale is recorded upon redemption.

The Company determines an estimated store value card breakage rate by continuously evaluating historical redemption data. Breakage income is recognized monthly in proportion to the historical redemption patterns for those store value cards for which the likelihood of redemption is remote.

Other Revenue

Other revenue consists of rental income received from layaway, alteration, dormancy and other service charges, inclusive of shipping and handling revenues (Service Fees), leased departments and subleased rental income as shown in the table below:


	*(in thousands)*
	Years Ended
	January 31, 2015		February 1, 2014		February 2, 2013
Service Fees	$	14,269	$	13,711	$	13,284
Subleased Rental Income and Other		12,366		9,849		10,202
Rental Income from Leased Departments		8,495		10,924		10,639

Total	$	35,130	$	34,484	$	34,125

Rental income from leased departments results from arrangements at some of the Company’s stores where the Company has granted unaffiliated third parties the right to use designated store space solely for the purpose of selling such third parties’ goods, including such items as fragrances. Rental income is based on an agreed upon percentage of the lease departments’ total revenues. The Company does not own or have any rights to any tradenames, licenses or other intellectual property in connection with the brands sold by such unaffiliated third parties.

Advertising Costs

The Company’s advertising costs consist primarily of television and newspaper costs and are included in the line item “Selling, General and Administrative Expenses” on the Company’s Consolidated Statements of Operations. During Fiscal 2014, Fiscal 2013 and Fiscal 2012, net advertising cost was $84.9 million, $83.3 million and $83.5 million, respectively.

The Company nets certain cooperative advertising reimbursements received from vendors that meet the criteria of Topic No. 605 against specific, incremental, identifiable costs incurred in connection with selling the vendors’ products. Any excess reimbursement is characterized as a reduction of inventory and is recognized as a reduction to cost of sales as inventories are sold.

Barter Transactions

The Company accounts for barter transactions under ASC Topic No. 845 “Nonmonetary Transactions.” Barter transactions with commercial substance are recorded at the estimated fair value of the products exchanged, unless the products received have a more readily determinable estimated fair value. Revenue associated with barter transactions is recorded at the time of the exchange of the related assets. During Fiscal 2011 the Company exchanged $13.9 million of inventory for certain advertising credits. To account for the exchange, the Company recorded “Sales” and “Cost of Sales” of $13.9 million in the Company’s Consolidated Statements of Operations. The $7.9 million of unused advertising credits remaining as of January 31, 2015 are expected to be used over the five consecutive fiscal years following Fiscal 2014.

The following table summarizes the prepaid advertising expense which is included in the line items “Prepaid and Other Current Assets” and “Other Assets” in the Company’s Consolidated Balance Sheets as of January 31, 2015 and February 1, 2014:


	*(in thousands)*
	January 31, 2015		February 1, 2014
Prepaid and Other Current Assets	$	2,664	$	2,842
Other Assets		5,246		7,718

Total Prepaid Advertising Expense	$	7,910	$	10,560

The following table details barter credit usage for Fiscal 2014, Fiscal 2013 and Fiscal 2012, which are included in the line item “Selling, General and Administrative Expenses” on the Company’s Consolidated Statements of Operations:


	*(in thousands)*
	Fiscal Years Ended
	January 31, 2015		February 1, 2014		February 2, 2013
Barter Credit Usage	$	2,650	$	2,544	$	3,776

Income Taxes

The Company accounts for income taxes in accordance with Topic No. 740. Deferred income taxes reflect the impact of temporary differences between amounts of assets and liabilities for financial reporting purposes and such amounts as measured by tax laws. A valuation allowance against the Company’s deferred tax assets is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized. In determining the need for a valuation allowance, management is required to make assumptions and to apply judgment, including forecasting future earnings, taxable income, and the mix of earnings in the jurisdictions in which the Company operates. Management periodically assesses the need for a valuation allowance based on the Company’s current and anticipated results of operations. The need for and the amount of a valuation allowance can change in the near term if operating results and projections change significantly.

Topic No. 740 requires the recognition in the Company’s Consolidated Financial Statements of the impact of a tax position taken or expected to be taken in a tax return, if that position is “more likely than not” of being sustained upon examination by the relevant taxing authority, based on the technical merits of the position. The tax benefits recognized in the Company’s Consolidated Financial Statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. The Company records interest and penalties related to unrecognized tax benefits as part of income taxes.

Other Income, Net

Other income, net, consists of investment income gains and losses, breakage income, net gains and losses from disposition of fixed assets, and other miscellaneous income items. During Fiscal 2014, the Company recognized $3.2 million of income related to the settlement during Fiscal 2014 of a class action lawsuit relating to credit card interchange fees and $2.5 million of breakage income. During Fiscal 2013 and Fiscal 2012, the Company recognized $4.0 million and $2.5 million, respectively, of breakage income.

Comprehensive Income

Comprehensive Income is comprised of net income and the effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges.

Lease Accounting

The Company leases store locations, distribution centers and office space used in its operations. The Company accounts for these types of leases in accordance with ASC Topic No. 840, “Leases” (Topic No. 840), and subsequent amendments, which require that leases be evaluated and classified as operating or capital leases for financial reporting purposes. Assets held under capital leases are included in the line item “Property and Equipment—Net of Accumulated Depreciation and Amortization” in the Company’s Consolidated Balance Sheets. For leases classified as operating, the Company calculates rent expense on a straight-line basis over the lesser of the lease term including renewal options, if reasonably assured, or the economic life of the leased premises, taking into consideration rent escalation clauses, rent holidays and other lease concessions. The Company commences recording rent expense during the store fixturing and merchandising phase of the leased property.

Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with ASC Topic No. 718, “Stock Compensation” (Topic No. 718), which requires companies to record stock compensation expense for all non-vested and new awards beginning as of the grant date. As of January 31, 2015, there were 16,125,258 shares reserved for issuance under the Company’s Management Incentive Plans as defined in Note 12, “Stock-Based Compensation.” As of January 31, 2015, there were 3,218,845 options outstanding and 392,178 shares of unvested restricted stock outstanding under the Company’s Management Incentive Plans. During Fiscal 2014, Fiscal 2013 and Fiscal 2012, the Company recognized non-cash stock compensation expense in the amount of $6.3 million, $10.2 million and $2.7 million, respectively. Refer to Note 12 for further details.

Net Income (Loss) Per Share

Net income (loss) per share is calculated using the treasury stock method. Refer to Note 11, “Net Income (Loss) Per Share,” for further details.

Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents and investments. The Company manages the credit risk associated with cash equivalents and investments by investing with high-quality institutions and, by policy, limiting investments only to those which meet prescribed investment guidelines. The Company maintains cash accounts that, at times, may exceed federally insured limits. The Company has not experienced any losses from maintaining cash accounts in excess of such limits. Management believes that it is not exposed to any significant risks on its cash and cash equivalent accounts.

Segment Information

The Company reports segment information in accordance with ASC Topic No. 280 “Segment Reporting” (Topic No. 280). The Company has one reportable segment.

Reclassification

Certain reclassifications have been made to prior year financial statements to conform with the current period presentation.

Recent Accounting Pronouncements

12 Months Ended

Jan. 31, 2015

Recent Accounting Pronouncements

2. Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-02, “Comprehensive Income” (ASU 2013-02). ASU 2013-02 requires companies to disclose the following: (i) for items reclassified out of accumulated other comprehensive income (loss) and into earnings in their entirety, the effect of the reclassification on each affected income statement line item; and (ii) for accumulated other comprehensive income (loss) reclassification items that are not reclassified in their entirety into net income, a cross reference to other required U.S. GAAP disclosures. The new standard was required to be applied prospectively. Other than additional disclosure, the adoption of the new standard did not have an impact on the Company’s financial position or results of operations.

In July 2013, the FASB issued Accounting Standards Update No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (ASU 2013-11). ASU 2013-11 states that an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward, if available at the reporting date under the applicable tax law to settle any additional income taxes that would result from the disallowance of a tax position. If the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability. The amendments in ASU 2013-11 became effective for fiscal years, and interim periods within those years, beginning after December 15, 2013 and did not have a material impact on the Company’s financial position or results of operations.

In April 2014, the FASB issued Accounting Standards Update No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (ASU 2014-08). ASU 2014-08 is aimed at reducing the frequency of disposals reported as discontinued operations by focusing on strategic shifts that have or are expected to have a major effect on an entity’s operations and financial results. Such a shift could include the disposal of a major line of business, a major geographical area, a major equity method investment or other major parts of the entity. ASU 2014-08 also permits companies to have continuing cash flows and significant continuing involvement with the disposed component. ASU 2014-08 requires expanded disclosures for discontinued operations and new disclosures for individually material disposals that do not meet the definition of a discontinued operation. The Company has early adopted ASU 2014-08 during Fiscal 2014. ASU 2014-08 did not have a material impact on the Company’s financial position or results of operations.

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers” (ASU 2014-09). It outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that “an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” ASU 2014-09 is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company is still assessing the impact of the adoption to the Company’s financial position or results of operations.

There were no other new accounting standards that had a material impact on the Company’s Consolidated Financial Statements during Fiscal 2014, and there were no other new accounting standards or pronouncements that were issued but not yet effective as of January 31, 2015 that the Company expects to have a material impact on its financial position or results of operations upon becoming effective.

Restricted Cash and Cash Equivalents

12 Months Ended

Jan. 31, 2015

Restricted Cash and Cash Equivalents

3. Restricted Cash and Cash Equivalents

At January 31, 2015 and February 1, 2014, restricted cash and cash equivalents consisted of $27.8 million and $32.1 million, respectively of collateral for certain insurance contracts. The Company has the ability to convert the restricted cash to a letter of credit at anytime, which would reduce available borrowings on the Company’s ABL Line of Credit by a like amount.

Property and Equipment

12 Months Ended

Jan. 31, 2015

Property and Equipment

4. Property and Equipment

Property and equipment consist of:


		*(in thousands)*
	Useful Lives	January 31, 2015			February 1, 2014
Land	N/A	$	159,246		$	162,331
Buildings	20 to 40 Years		424,601			365,101
Store Fixtures and Equipment	3 to 10 Years		643,647			568,342
Software	3 to 5 Years		187,402			163,547
Leasehold Improvements	Shorter of lease term or useful life		466,940			432,644
Construction in Progress	N/A		21,478			35,996

			1,903,314			1,727,961
Less: Accumulated Depreciation			(932,895	)		(825,304	)

Total Property and Equipment, net of Accumulated Depreciation and Amortization		$	970,419		$	902,657

As of January 31, 2015 and February 1, 2014, assets, net of accumulated amortization of $14.5 million and $12.7 million, respectively, held under capital leases amounted to approximately $25.9 million and $24.4 million, respectively, and are included in the line item “Buildings” in the foregoing table. Amortization expense related to capital leases is included in the line item “Depreciation and Amortization” in the Company’s Consolidated Statements of Operations. The total amount of depreciation expense during Fiscal 2014, Fiscal 2013 and Fiscal 2012 was $130.8 million, $128.8 million and $127.5 million, respectively.

During Fiscal 2014, Fiscal 2013 and Fiscal 2012, the Company recorded impairment charges related to Property and Equipment of $2.4 million, $2.7 million and $5.2 million, respectively. Refer to Note 6, “Impairment Charges,” for further discussion.

Internally developed software is amortized on a straight line basis over three to five years and is recorded in the line item “Depreciation and Amortization” in the Company’s Consolidated Statements of Operations. Depreciation and amortization of internally developed software amounted to $17.4 million, $18.8 million and $20.3 million during Fiscal 2014, Fiscal 2013 and Fiscal 2012, respectively.

Intangible Assets

12 Months Ended

Jan. 31, 2015

Intangible Assets

5. Intangible Assets

Intangible assets at January 31, 2015 and February 1, 2014 consist primarily of tradenames and favorable lease positions as follows:


	*(in thousands)*
	January 31, 2015							February 1, 2014
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Gross Carrying Amount		Accumulated Amortization			Net Amount
Tradenames	$	238,000	$	—		$	238,000	$	238,000	$	—		$	238,000

Favorable Leases	$	476,677	$	(210,280	)	$	266,397	$	487,350	$	(194,797	)	$	292,553

Favorable Leases

The decrease in the gross carrying amount of the Company’s favorable leases from February 1, 2014 to January 31, 2015 reflects a reduction of $10.7 million during Fiscal 2014 from the write off of certain favorable leases becoming fully amortized during the period.

Accumulated amortization of favorable leases as of January 31, 2015 reflects Fiscal 2014 amortization expense of $26.2 million, partially offset by a decrease of $10.7 million related to the write off of fully amortized leases, as discussed above.

The weighted average amortization period remaining for the Company’s favorable leases is 14.7 years. Amortization expense of favorable leases for each of the next five fiscal years is estimated to be as follows:


Fiscal years:	*(in thousands)*
2015	$	24,228
2016		23,148
2017		23,317
2018		21,059
2019		20,456

Total	$	112,208

Impairment Charges

12 Months Ended

Jan. 31, 2015

Impairment Charges

6. Impairment Charges

Impairment charges recorded during Fiscal 2014, Fiscal 2013 and Fiscal 2012 amounted to $2.6 million, $3.2 million and $11.5 million, respectively, and are primarily related to declines in revenues and operating results of the respective stores. Impairment charges during these periods related to the following:


	*(in thousands)*
	Fiscal Year Ended
Asset Categories	January 31, 2015		February 1, 2014		February 2, 2013
Favorable Leases	$	—	$	—	$	6,275
Leasehold Improvements		696		1,575		1,885
Building/Building Improvements		1,152		81		1,814
Furniture and Fixtures		500		970		950
Land		—		4		558
Other Assets		216		465		—
Other Property and Equipment		15		85		57

Total	$	2,579	$	3,180	$	11,539

The Company recorded impairment charges related to store-level assets for three stores during Fiscal 2014, seven stores during Fiscal 2013 and 12 stores during Fiscal 2012. During Fiscal 2014, Fiscal 2013 and Fiscal 2012, the Company also recorded impairment charges for capital expenditures for previously impaired stores.

Long-lived assets are measured at fair value on a non-recurring basis for purposes of calculating impairment using the fair value hierarchy of ASC Topic No. 820 “Fair Value Measurements” (Topic No. 820). Refer to Note 16, “Fair Value of Financial Instruments,” for further discussion of the Company’s fair value hierarchy. The fair value of the Company’s long-lived assets is generally calculated using discounted cash flows. None of the three stores impaired during Fiscal 2014 were fully impaired. Of the three stores that were partially impaired during Fiscal 2014, the table below sets forth by level within the fair value hierarchy their fair value subsequent to impairment charges as of January 31, 2015:


	*(in thousands)*
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- Observable Inputs (Level 3)		Total		Total Impairment Losses
Leasehold Improvements	$	—	$	—	$	566	$	566	$	696
Building/Building Improvements		—		—		—		—		1,152
Furniture and Fixtures		—		—		785		785		500
Other Assets		—		—		167		167		216
Other Property and Equipment		—		—		58		58		15

Total	$	—	$	—	$	1,576	$	1,576	$	2,579

Long Term Debt

12 Months Ended

Jan. 31, 2015

Long Term Debt

7. Long Term Debt

Long Term Debt consists of:


	*(in thousands)*
	January 31, 2015			February 1, 2014
$1,200,000 Senior Secured Term Loan Facility (Term B-3 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, matures on August 13, 2021	$	1,161,541		$	—
$1,000,000 Senior Secured Term Loan Facility (Term B-2 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, redeemed in full on August 13, 2014		—			828,839
$450,000 Senior Notes, 10%, redeemed in full on August 13, 2014		—			450,000
$350,000 Senior Notes, 9% / 9.75%, redeemed in full on August 13, 2014		—			126,147
$600,000 ABL Senior Secured Revolving Facility, LIBOR plus spread based on average outstanding balance, expires August 13, 2019		63,300			—
Capital Lease Obligations		25,602			23,199

Total debt		1,250,443			1,428,185
Less: current maturities		(1,167	)		(59,026	)

Long term debt, net of current maturities	$	1,249,276		$	1,369,159

Term Loan Facility

On February 24, 2011, the Company entered into a $1.0 billion senior secured term loan facility (the Term Loan Facility). The Term Loan Facility was issued pursuant to a credit agreement (Term Loan Credit Agreement), dated February 24, 2011, among BCFWC, the guarantors signatory thereto, and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the Term Loan Administrative Agent) and as collateral agent, the lenders party thereto, J.P. Morgan Securities LLC and Goldman Sachs Lending Partners LLC, as joint bookrunners and J.P. Morgan Securities LLC, Goldman Sachs Lending Partners LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, as joint arrangers, governing the terms of the Term Loan Facility.

On May 16, 2012, the Company entered into Amendment No. 1 (First Amendment) to the Term Loan Credit Agreement, which, among other things, reduced the applicable margin on the interest rates applicable to the Company’s Term Loan Facility by 50 basis points. To accomplish this interest rate reduction, the First Amendment provided for a replacement of the previously outstanding $950.5 million principal amount of term B loans (Term B Loans) with a like aggregate principal amount of term B-1 loans (Term B-1 loans). The Company offered existing term loan lenders the option to convert their Term B Loans into Term B-1 Loans on a non-cash basis. The $119.3 million of Term B Loans held by existing lenders electing not to convert their Term B Loans into Term B-1 Loans was prepaid in full on the effective date of the First Amendment from the proceeds of Term B-1 Loans. The Term B-1 Loans had the same maturity dates that were applicable to the Term B Loans. The Term Loan Credit Agreement provisions relating to the representations and warranties, covenants and events of default applicable to the Company and the guarantors were not modified by the First Amendment.

As a result of the First Amendment, mandatory quarterly payments of $2.4 million were payable as of the last day of each quarter beginning with the quarter ended July 28, 2012. Based on the Company’s available cash flow during Fiscal 2011, the Company made a payment of $7.0 million in April 2012. The Company elected to make prepayments of $9.5 million in May 2012 and $70.0 million in January 2013, all of which offset the mandatory quarterly payments through the maturity date. In accordance with Topic No. 470, the Company recognized a non-cash loss on the partial extinguishment of debt of $2.2 million, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations. In connection with the First Amendment, the Company incurred fees of $3.9 million, of which $0.3 million was capitalized and included in the line item “Other Assets” on the Company’s Consolidated Balance Sheet, primarily related to legal and placement fees, associated with the portion of the debt that was not extinguished. The remaining fees were recorded in the line item “Costs Related to Debt Amendments, Secondary Offerings, Termination of Advisory Agreement and Other” in the Company’s Consolidated Statements of Operations.

On February 15, 2013, BCFWC entered into Amendment No. 2 (Second Amendment) to the Term Loan Credit Agreement. The Second Amendment created a restricted payments basket of $25.0 million and permitted Burlington Coat Factory Investments Holdings, Inc. (the parent of BCFWC and indirect subsidiary of Burlington Stores, Inc.) and all of its subsidiaries (collectively, Holdings) to use the “available amount” to make restricted payments (which basket included retained excess cash flow, in an amount not to exceed 50% of BCFWC’s consolidated net income since the second quarter of Fiscal 2011), in each case so long as certain conditions were satisfied. In connection with the Second Amendment, the Company incurred a $1.6 million amendment fee that was capitalized and included in the line item “Other Assets” on the Company’s Consolidated Balance Sheet. Additionally, the Company incurred $8.9 million of additional fees, inclusive of an $8.6 million fee payable to Bain Capital, for various consulting and advisory services which were included in the line item “Costs Related to Debt Amendments, Termination of Advisory Agreement and Other” on the Company’s Consolidated Statements of Operations.

On May 17, 2013, BCFWC entered into Amendment No. 3 (Third Amendment) to the Term Loan Credit Agreement, in order to, among other things, reduce the interest rates applicable to the Term Loan Facility by 100 basis points (provided that such interest rates were to be further reduced by 25 basis points if BCFWC’s consolidated secured leverage ratio was less than or equal to 2.25:1) and to reduce the LIBOR floor by 25 basis points. The Third Amendment was accomplished by replacing the outstanding $871.0 million principal amount of the Term B-1 Loans with a like aggregate principal amount of term B-2 loans (the Term B-2 Loans). The Term B-2 Loans had the same maturity dates that were applicable to the Term B-1 Loans. The Term Loan Credit Agreement provisions relating to the representations and warranties, covenants and events of default applicable to the Company and the guarantors were not modified by the Third Amendment.

In connection with the Third Amendment, the Company paid an $8.7 million prepayment premium. In accordance with Topic 470, $8.6 million of this prepayment premium was capitalized and included in the line item “Other Assets” in the Company’s Consolidated Balance Sheet. In addition, third party fees of $2.6 million were recorded in the line item “Costs Related to Debt Amendments, Secondary Offerings, Termination of Advisory Agreement and Other” in the Company’s Consolidated Statements of Operations. In accordance with Topic 470, the Company recognized a loss on the extinguishment of debt of $0.6 million, which is recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations.

As a result of the Third Amendment, mandatory quarterly payments of $2.2 million were payable as of the last day of each quarter. In January 2014, the Company elected to make a prepayment of $30.0 million, which offset the mandatory quarterly payments through the maturity date. In accordance with Topic No. 470, the Company recognized a loss on the extinguishment of debt of $0.8 million, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations. Based on the Company’s available cash flow during Fiscal 2013, the Company made a payment of $4.0 million during the first quarter of Fiscal 2014. In accordance with Topic No. 470, the Company recognized a loss on the extinguishment of debt of $0.1 million, representing the write off of deferred financing costs and unamortized original issue discount, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations.

On August 13, 2014, BCFWC entered into Amendment No. 4 (the Fourth Amendment) to the Term Loan Credit Agreement (as amended by the Fourth Amendment, the Amended Term Loan Credit Agreement). The Fourth Amendment, among other things, (i) increases the available incremental amount from $150.0 million to $400.0 million plus unlimited amounts so long as BCFWC’s pro forma consolidated secured leverage ratio does not exceed 3.50 to 1.00, (ii) removes the following financial performance covenants: (a) consolidated leverage ratio, (b) consolidated interest ratio and (c) capital expenditures, and (iii) gives BCFWC and its restricted subsidiaries additional flexibility to make investments, restricted payments (including dividends), incur additional debt, grant liens and otherwise comply with its covenants under the Amended Term Loan Credit Agreement. The interest rate margin applicable under the Amended Term Loan Credit Agreement is 3.25% in the case of loans drawn at LIBOR and 2.25% in the case of loans drawn under the prime rate (as determined by the Term Loan Facility Administrative Agent). The Fourth Amendment removed the variable pricing mechanism that was formerly in place, which was based on BCFWC’s pro forma consolidated secured leverage ratio. The Term Loan Facility is collateralized by a first lien on our favorable leases, real estate and property & equipment and a second lien on our inventory and receivables.

As a result of the Fourth Amendment the $830.6 million principal amount of term B-2 loans (Term B-2 Loans) outstanding was replaced with $1,200.0 million principal amount of term B-3 loans (Term B-3 Loans). In accordance with ASC Topic No. 405-20, “Extinguishments of Liabilities” (Topic No. 405), the Company recognized a loss on the extinguishment of debt of $16.4 million, representing the write off of $11.7 million and $4.7 million in deferred financing costs and unamortized original issue discount, respectively, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations.

The Term B-3 Loans mature on August 13, 2021. Mandatory quarterly payments of $3.0 million are payable as of the last day of each quarter. The Company elected to make a prepayment of $27.0 million in January 2015, which offset the mandatory quarterly payments through April 29, 2017. In accordance with Topic No. 470, the Company recognized a non-cash loss on the partial extinguishment of debt of $0.3 million, representing the write off of $0.2 million and $0.1 million in deferred financing costs and unamortized original issue discount, respectively, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations.

Interest rates for the Term Loan Facility are based on: (i) for LIBOR rate loans for any interest period, at a rate per annum equal to the greater of (x) the LIBOR rate, as determined by the Term Loan Facility Administrative Agent, for such interest period multiplied by the Statutory Reserve Rate (as defined in the Term Loan Credit Agreement) and (y) 1.00% (the Term Loan Adjusted LIBOR Rate), plus an applicable margin; and (ii) for prime rate loans, a rate per annum equal to the highest of (a) the variable annual rate of interest then announced by JPMorgan Chase Bank, N.A. at its head office as its “prime rate,” (b) the federal funds rate in effect on such date plus 0.50% per annum, and (c) the Term Loan Adjusted LIBOR Rate for the applicable class of term loans for one-month plus 1.00%, plus, in each case, an applicable margin. At January 31, 2015, the Company’s borrowing rate related to the Term Loan Facility was 4.25%.

$450 Million Senior Notes

On February 24, 2011, BCFWC issued $450.0 million aggregate principal amount of 10% Senior Notes due 2019 at an issue price of 100% (the Senior Notes). The Senior Notes were issued pursuant to an indenture, dated February 24, 2011, among BCFWC, the guarantors signatory thereto, and Wilmington Trust FSB.

On August 13, 2014, BCFWC redeemed the Senior Notes in full. In accordance with Topic No. 405, the Company recognized a loss on the extinguishment of debt of $49.6 million, representing $43.7 million in redemption premiums and the write off of $5.9 million in deferred financing costs, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations.

$350 Million Senior Notes

On February 20, 2013, Burlington Holdings, LLC (Holdings LLC) and Burlington Holdings Finance, Inc. (collectively the Issuers), completed the offering of $350.0 million aggregate principal amount of Senior Notes due 2018 (Holdco Notes) at an issue price of 98.00%. The Holdco Notes were senior unsecured obligations of the Issuers, which were not obligors or guarantors under the Term Loan Facility or the indenture governing the Senior Notes.

On November 7, 2013, the Company redeemed $221.8 million aggregate principal amount of the Holdco Notes. In accordance with Topic No. 405, the Company recognized a loss on the extinguishment of long-term debt of $14.7 million, which included $4.4 million in redemption premiums and $3.8 million and $6.5 million for the write-off of the unamortized original issue discount and deferred financing costs, respectively. The $14.7 million loss was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations.

On April 4, 2014, the Issuers redeemed $58.0 million aggregate principal amount of the Holdco Notes. In accordance with Topic No. 405, the Company recognized a loss on the extinguishment of long-term debt of $3.6 million representing $1.2 million in redemption premiums and the write off of $1.5 million and $0.9 million in deferred financing costs and unamortized original issue discount, respectively, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations.

On August 13, 2014, the Company redeemed the Holdco Notes in full. In accordance with Topic No. 405, the Company recognized a loss on the extinguishment of debt of $4.1 million, representing $1.4 million in redemption premiums and the write off of $1.7 million and $1.0 million in deferred financing costs and unamortized original issue discount, respectively, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations.

ABL Line of Credit

On August 13, 2014, BCFWC entered into Amendment No. 1 (the ABL Amendment) to the Second Amended and Restated Credit Agreement, dated September 2, 2011 (as amended, supplemented and otherwise modified, the Amended ABL Credit Agreement) governing BCFWC’s existing senior secured asset-based revolving credit facility (the ABL Line of Credit). The ABL Amendment, among other things, gives BCFWC and certain of its subsidiaries additional flexibility to make investments, restricted payments (including dividends), incur additional debt, grant liens and otherwise comply with its covenants under the Amended ABL Credit Agreement. In accordance with Topic No. 470, the Company recognized a loss on the extinguishment of debt of $0.2 million representing the write off of deferred financing costs which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Consolidated Statements of Operations.

The ABL Line of Credit matures on August 13, 2019. The aggregate amount of commitments under the Amended ABL Credit Agreement is $600.0 million and, subject to the satisfaction of certain conditions, the Company can increase the aggregate amount of commitments up to $900.0 million. As a result of the ABL Amendment, the interest rate margin applicable under the Amended ABL Credit Agreement in the case of loans drawn at LIBOR was reduced from 1.75% - 2.25% (based on total commitments or borrowing base availability) to 1.25% - 1.50% (based on total commitments or borrowing base availability), and the fee on the average daily balance of unused loan commitments was reduced from 0.375% to 0.25%. The ABL Line of Credit is collateralized by a first lien on the Company’s inventory and receivables and a second lien on the Company’s real estate and property and equipment.

The Company believes that the Amended ABL Credit Agreement provides the liquidity and flexibility to meet its operating and capital requirements over the remaining term of the ABL Line of Credit. Further, the calculation of the borrowing base under the amended and restated credit agreement has been amended to allow for increased availability, particularly during the September 1st through December 15th period of each year.

At January 31, 2015, the Company had $386.9 million available under the Amended ABL Line of Credit and $63.3 million of outstanding borrowings. The maximum borrowings under the facility during Fiscal 2014 amounted to $300.0 million. Average borrowings during Fiscal 2014 amounted to $87.7 million at an average interest rate of 1.8%.

At February 1, 2014, the Company had $456.2 million available under the ABL Line of Credit and no outstanding borrowings. The maximum borrowings under the facility during Fiscal 2013 amounted to $148.6 million. Average borrowings during Fiscal 2013 amounted to $35.4 million at an average interest rate of 2.1%.

Deferred Financing Costs

The Company had $16.4 million and $30.1 million in deferred financing costs related to its long term debt instruments recorded in the line item “Other Assets” in the Company’s Consolidated Balance Sheets as of January 31, 2015 and February 1, 2014, respectively. Amortization of deferred financing costs amounted to $6.1 million, $9.6 million and $5.8 million during Fiscal 2014, Fiscal 2013 and Fiscal 2012, respectively, and is included in the line item “Interest Expense” in the Company’s Consolidated Statements of Operations. During Fiscal 2014, the Company incurred new deferred financing costs of $13.7 million as a result of the refinancing transactions that were completed on August 13, 2014, and wrote off $21.3 million of deferred financing costs and accumulated amortization.

Amortization expense related to the deferred financing costs as of January 31, 2015 for each of the next five fiscal years and thereafter is estimated to be as follows:


Fiscal years	*(in thousands)*
2015	$	2,933
2016		2,933
2017		2,986
2018		2,915
2019		2,264
Thereafter		2,357

Total	$	16,388

Deferred financing costs have a weighted average amortization period of approximately 5.8 years.

Scheduled Maturities

Scheduled maturities of the Company’s long term debt and capital lease obligations, as they exist as of January 31, 2015, in each of the next five fiscal years and thereafter are as follows:


	*(in thousands)*
	Long- Term Debt			Capital Lease Obligations			Total
Fiscal years:
2015	$	—		$	1,167		$	1,167
2016		—			1,263			1,263
2017		9,000			1,624			10,624
2018		12,000			1,895			13,895
2019		75,300			2,139			77,439
Thereafter		1,134,000			17,514			1,151,514

Total		1,230,300			25,602			1,255,902
Less: Unamortized Discount		(5,459	)		—			(5,459	)

Total		1,224,841			25,602			1,250,443
Less: Current Portion		—			(1,167	)		(1,167	)

Long Term Debt	$	1,224,841		$	24,435		$	1,249,276

The capital lease obligations noted above are exclusive of interest charges of $2.4 million, $2.3 million, $2.4 million, $2.0 million, $1.9 million and $5.7 million for the fiscal years ended January 30, 2016, January 28, 2017, February 3, 2018, February 2, 2019, February 1, 2020 and thereafter, respectively.

Derivative Instruments and Hedging Activities

12 Months Ended

Jan. 31, 2015

Derivative Instruments and Hedging Activities

8. Derivative Instruments and Hedging Activities

The Company accounts for derivative instruments and hedging activities in accordance with ASC Topic No. 815 “Derivatives and Hedging” (Topic No. 815). Topic No. 815 provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (i) how and why an entity uses derivative instruments, (ii) how the entity accounts for derivative instruments and related hedged items, and (iii) how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments.

As required by Topic No. 815, the Company records all derivatives on the balance sheet at fair value and adjusts to market on a quarterly basis. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.

In accordance with Topic No. 820, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Because the Company’s only derivatives are interest rate cap contracts that can only be assets to the Company, there is no impact of netting under the master netting arrangements.

The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash payments principally related to the Company’s borrowings.

Cash Flow Hedges of Interest Rate Risk

The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate caps as part of its interest rate risk management strategy. Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium. On August 19, 2014, the Company entered into four interest rate cap contracts which were designated as cash flow hedges.

The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Loss on the Company’s Consolidated Balance Sheets and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During 2014, such derivatives were used to hedge the variable cash flows associated with existing (or anticipated) variable-rate debt. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company did not record any hedge ineffectiveness in its earnings during Fiscal 2014.

Amounts reported in Accumulated Other Comprehensive Loss related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. There were no amounts reclassified to interest expense during Fiscal 2014. During the next twelve months, the Company estimates that approximately $0.1 million will be reclassified as an increase to interest expense.

As of January 31, 2015, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative

Notional Principal
Amount

Interest
Cap
Rate

Effective Date

Maturity Date

Interest Rate Cap Contracts

387.5 million

3.0

August 29, 2014

February 28, 2017

Interest Rate Cap Contracts

387.5 million

3.0

August 31, 2014

February 28, 2017

Interest Rate Cap Contracts

340.0 million

4.0

February 28, 2017

February 28, 2019

Interest Rate Cap Contracts

340.0 million

4.0

February 28, 2017

February 28, 2019

Non-designated Hedges

Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements or the Company elected not to designate these derivatives as hedges. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. As of January 31, 2015, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships:

Interest Rate Derivative

Number of
Instruments

Aggregate Notional
Principal Amount

Interest
Cap
Rate

Maturity Date

Interest Rate Cap Contracts

Two

900.0 million

7.0

May 31, 2015

Tabular Disclosure

The tables below presents the fair value of the Company’s derivative financial instruments on a gross basis as well as their classification on the Company’s Consolidated Balance Sheets:

(in thousands)

Fair Values of Derivative Instruments

Asset Derivatives

January 31, 2015

February 1, 2014

Derivatives Designated as Hedging Instruments

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Interest Rate Cap Contracts

Other Assets

1,572

Other Assets

—

Derivatives Not Designated as Hedging Instruments

Interest Rate Cap Contracts

Prepaid and Other
Current Assets

—

Other Assets

The table below presents the amounts of losses recognized in other comprehensive loss, net of taxes, and the classifications and amounts of losses reclassified into earnings of the Company’s derivative instruments designated as cash flow hedging instruments for each of the reporting periods.


	*(in thousands)*
	Amount of Loss Recognized in Other Comprehensive Loss Related to Derivatives						Amount of Loss Reclassified from Other Comprehensive Loss into Earnings Related to Derivatives
	Fiscal Year Ended						Fiscal Year Ended
Derivatives Designated as Hedging Instruments	January 31, 2015		February 1, 2014		February 2, 2013		January 31, 2015		February 1, 2014		February 2, 2013		Component of Earnings
Interest Rate Cap Contracts	$	1,744	$	—	$	—	$	—	$	—	$	—		Interest Expense

The table below presents the classifications and amounts of losses recognized within the Company’s statements of operations for the Company’s derivative instruments not designated as hedging instruments for each of the reporting periods.

(in thousands)

Amount of Loss Recognized in Earnings
Related to Derivatives

Fiscal Year Ended

Derivatives Not Designated as Hedging
Instruments

Location of Loss Recognized in Earnings
Related to Derivatives

January 31,
2015

February 1,
2014

February 2,
2013

Interest Rate Cap Contracts

Interest Expense

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details

Accumulated Other Comprehensive Loss

12 Months Ended

Jan. 31, 2015

Accumulated Other Comprehensive Loss

9. Accumulated Other Comprehensive Loss

Amounts included in accumulated other comprehensive loss are recorded net of the related income tax effects. The table below details the changes in accumulated other comprehensive loss for Fiscal 2014. There were no amounts included in accumulated other comprehensive loss during Fiscal 2013.


	*(in thousands)*
	Derivative Instruments		Total
Balance at February 1, 2014	$	—	$	—
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $1.2 million		1,744		1,744

Balance at January 31, 2015	$	1,744	$	1,744

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

Capital Stock

12 Months Ended

Jan. 31, 2015

Capital Stock

10. Capital Stock

Capital Structure After the Reclassification

Common Stock

As of January 31, 2015, the total amount of the Company’s authorized capital stock consisted of 500,000,000 shares of common stock, par value $0.0001 per share, and 50,000,000 shares of undesignated preferred stock.

The Company’s common stock is not entitled to preemptive or other similar subscription rights to purchase any of the Company’s securities. The Company’s common stock is neither convertible nor redeemable. Unless the Company’s Board of Directors determines otherwise, the Company will issue all of the Company’s capital stock in uncertificated form.

Preferred Stock

The Company does not have any shares of preferred stock issued or outstanding. The Company’s Board of Directors has the authority to issue shares of preferred stock from time to time on terms it may determine, to divide shares of preferred stock into one or more series and to fix the designations, preferences, privileges, and restrictions of preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preference, sinking fund terms, and the number of shares constituting any series or the designation of any series to the fullest extent permitted by the General Corporation Law of the State of Delaware. The issuance of the Company’s preferred stock could have the effect of decreasing the trading price of the Company’s common stock, restricting dividends on the Company’s capital stock, diluting the voting power of the Company’s common stock, impairing the liquidation rights of the Company’s capital stock, or delaying or preventing a change in control of the Company.

Voting Rights

Each holder of the Company’s common stock is entitled to one vote per share on each matter submitted to a vote of stockholders. The Company’s amended and restated bylaws provide that the presence, in person or by proxy, of holders of shares representing a majority of the outstanding shares of capital stock entitled to vote at a stockholders’ meeting shall constitute a quorum. When a quorum is present, the affirmative vote of a majority of the votes cast is required to take action, unless otherwise specified by law or the Company’s certificate of incorporation, and except for the election of directors, which is determined by a plurality vote. There are no cumulative voting rights.

Dividend Rights

Each holder of shares of the Company’s capital stock will be entitled to receive such dividends and other distributions in cash, stock or property as may be declared by the Company’s Board of Directors from time to time out of the Company’s assets or funds legally available for dividends or other distributions. These rights are subject to the preferential rights of any other class or series of the Company’s preferred stock.

The Company does, and intends to continue to, retain all available funds and any future earnings to fund the development and growth of the Company’s business and pay down debt as appropriate. Therefore, at this time, the Company does not anticipate paying cash dividends in the near term. The Company’s ability to pay dividends on the Company’s common stock will be limited by restrictions on the ability of the Company’s subsidiaries and us to pay dividends or make distributions under the terms of current and any future agreements governing the Company’s indebtedness. Any future determination to pay dividends will be at the discretion of the Company’s Board of Directors, subject to compliance with covenants in the Company’s current and future agreements governing the Company’s indebtedness, and will depend upon the Company’s results of operations, financial condition, capital requirements and other factors that the Company’s Board of Directors deems relevant.

Other Rights

Each holder of common stock is subject to, and may be adversely affected by, the rights of the holders of any series of preferred stock that the Company may designate and issue in the future.

Liquidation Rights

If the Company is involved in a consolidation, merger, recapitalization, reorganization, or similar event, each holder of common stock will participate pro rata in all assets remaining after payment of liabilities, subject to prior distribution rights of preferred stock, if any, then outstanding.

Capital Structure Prior to the Reclassification

Common Stock

The Company’s charter authorized the Company to issue 588,685,600 shares of common stock consisting of:

(a)

582,771,244 shares of common stock, par value $0.0001 per share; and

(b)

5,914,356 shares of Class L common stock, par value $0.001 per share.

Class L common stock was legally designated as common stock, but was entitled to a priority return preference equal to the sum of (i) $81 per share base amount plus (ii) an amount sufficient to generate an internal rate of return equal to 14.5% per annum (compounded quarterly).

Treasury Stock

The Company accounts for treasury stock under the cost method.

During Fiscal 2014, the Company acquired 139,074 shares of common stock from employees for $3.9 million (average of $28.28 per share) to satisfy their minimum statutory tax withholding related to the exercise of stock options and vesting of restricted stock awards. All such shares acquired by the Company are considered treasury shares which are available for reissuance under the 2006 Management Incentive Plan.

Dividend

During Fiscal 2011, the Company declared a cash dividend of $300.0 million in the aggregate ($5.40 per unit, each unit consisting of one share of Class L common stock together with 99 shares of Class A common stock), payable in accordance with the Company’s charter to the then-current holders of the Company’s common stock. Of the $300.0 million, $0.4 million was forfeited and reverted back to the Company as a result of certain members of management forfeiting their shares before they became fully vested.

During Fiscal 2013, the Company declared a cash dividend of $336.0 million in the aggregate ($5.89 per unit), payable in accordance with the Company’s charter to the then-current holders of the Company’s Common Stock.

Net Income (Loss) Per Share

12 Months Ended

Jan. 31, 2015

Net Income (Loss) Per Share

11. Net Income (Loss) Per Share

Immediately prior to the Reclassification, net income (loss) per share was calculated using the two-class method, which is an earnings allocation formula that determined net income (loss) per share for the holders of Class A common stock and the holders of Class L common stock. Holders of Class L shares contained participation rights with respect to certain distributions, as defined.

The numerator in calculating Class L basic and diluted income (loss) per share was the Class L preference amount, as defined above, for all outstanding Class L shares, accrued at 14.5% per annum during the year presented plus, if positive, a pro rata share of an amount equal to consolidated net income less the Class L preference amount.

The numerator in calculating common stock basic income (loss) per share was consolidated net income (loss) less the Class L preference amount. In determining the net income (loss) attributable to common stockholders for computing diluted net income (loss) per share, the Company decreased the income and/or increased the loss to reflect the annual preference amount for dilutive Class L common stock equivalents. This amount did not impact Class L diluted income per share because diluted earnings per share would be increased when taking the dilutive common stock equivalents into account, and thus be antidilutive.

Following the Reclassification, dilutive net income (loss) per share is calculated using the treasury stock method.

The computation of basic and diluted earnings per common share is as follows:


	*(in thousands, except per share data)*
	Fiscal Year Ended
	January 31, 2015		February 1, 2014			February 2, 2013
Net Income	$	65,955	$	16,150		$	25,301
Class L Preference Amount		—		(111,282	)		(146,923	)

Net Income (Loss) Attributable to Common Stockholders	$	65,955	$	(95,132	)	$	(121,622	)

Allocation of Net Income (Loss) to Common Stockholders—Basic:
Class L Stockholders	$	—	$	111,282		$	146,923

Common Stockholders	$	65,955		(95,132	)		(121,622	)

Net Income (Loss) Per Share—Basic:
Class L Stockholders	$	—	$	31.93		$	28.76

Common Stockholders	$	0.89	$	(0.26	)	$	(0.24	)

Allocation of Net Income (Loss) to Common Stockholders—Diluted:
Net Loss Attributable to Common Stockholders	$	65,955	$	(95,132	)	$	(121,622	)
Class L Preference Amount of Common Stock Equivalents		—		(49,260	)		(12,464	)

Allocation of Net Loss to Common Stockholders	$	65,955	$	(144,392	)	$	(134,086	)

Net Income (Loss) Per Share—Diluted:
Class L Stockholders	$	—	$	31.93		$	28.76

Common Stockholders	$	0.87	$	(0.39	)	$	(0.27	)

Weighted Average Number of Shares—Basic:
Class L Stockholders	$	—		3,485			5,109

Common Stockholders		74,101		369,567			505,802

Weighted Average Number of Shares—Diluted:
Class L Stockholders	$	—		3,485			5,109

Common Stockholders		75,865		370,040			505,802

Less than 100,000 options to purchase shares of common stock and unvested restricted stock awards were excluded from diluted earnings per share for Fiscal 2014, since their effect was anti-dilutive.

As of February 1, 2014, there were 3,527,800 unvested options outstanding to purchase shares of common stock and 81,396 non-vested shares of restricted stock that were excluded from diluted earnings per share since their effect was anti-dilutive.

As of February 2, 2013, there were unvested options outstanding to purchase Class L Common Stock of 255,457 shares and there were unvested options outstanding to purchase Class A Common Stock of 25,290,243 shares that were excluded from diluted earnings per share since their effect was anti-dilutive. During Fiscal 2012 there were non-vested restricted stock units of Class L Common Stock of 5,000 shares and there were non-vested restricted stock units of Class A Common Stock of 495,000 shares that were excluded from diluted earnings per share since their effect was anti-dilutive.

The Company determined the Class L Preference Amount of Common Stock Equivalents based upon the Class L diluted common stock equivalents multiplied by (i) $81 per share base amount plus (ii) the annual impact of the amount sufficient to generate an internal rate of return equal to 14.5% per annum (compounded quarterly).

Changes in Class L Common Stock

The changes in Class L Common Stock were as follows (in thousands, except share data):


	February 1, 2014
	Shares			Amount
Class L Common Stock, Beginning of Year		5,183,506		$	1,029,189
Issuance of Class L Common Stock		117,588			2,531
Issuance/Forfeiture of Restricted Shares and Compensation		—			61
Repurchase of Class L Common Stock		—			—
Dividend		—			(33,600	)
Accretion of Class L Preferred Return		—			104,859
Other		(1,167	)		(21	)
Conversion of Class L Stock to Common Stock		(5,299,927	)		(1,103,019	)

Class L Common Stock, End of Year		—		$	—

Accretion of Class L Preferred Return was determined based upon the outstanding shares owned by the Company’s majority stockholder multiplied by (i) $81 per share base amount plus (ii) an amount sufficient to generate an internal rate of return equal to 14.5% per annum (compounded quarterly).

Stock-Based Compensation

12 Months Ended

Jan. 31, 2015

Stock-Based Compensation

12. Stock-Based Compensation

On May 1, 2013, the Company’s Board of Directors approved the Company’s assumption and adoption of the 2006 Management Incentive Plan (the 2006 Plan) that was previously sponsored by Burlington Coat Factory Holdings, LLC. The Company’s 2013 Omnibus Incentive Plan (the 2013 Plan and, together with the 2006 Plan, the Plans) was adopted effective prior to and in connection with the Offering. The 2006 Plan and the 2013 Plan each provide for the granting of stock options, restricted stock and other forms of awards to key employees and directors of the Company or its affiliates. Prior to the Offering, grants made pursuant to the 2006 Plan were comprised of units of the Company’s common stock. Each “unit” consisted of 99 shares of Class A common stock and one share of Class L common stock. Awards previously granted under the 2006 Plan have been retroactively adjusted to reflect the Reclassification.

The Company accounts for awards issued under the Plans in accordance with Topic No. 718. As of January 31, 2015, there were 10,125,258 shares of common stock authorized for issuance under the 2006 Plan and 6,000,000 shares of common stock authorized for issuance under the 2013 Plan.

Stock Options

Options granted during Fiscal 2014, Fiscal 2013 and Fiscal 2012 were all service-based awards and were granted under the 2006 Plan at exercise prices of (i) $4.55 per unit and $10.91 per unit from January 29, 2012 through May 17, 2012; (ii) $5.91 per unit and $10.91 per unit from May 17, 2012 through May 17, 2013; (iii) $4.55 per unit from May 17, 2013 through the date of the Offering; (iv) $26.96 per share from the date of the Offering through February 1, 2014; and (v) $27.40 per share to $38.66 per share during Fiscal 2014.

In February 2011, in connection with a debt refinancing, the Company’s Board of Directors approved and communicated that the exercise price of the options outstanding would be reduced. After an analysis was completed, the exercise prices of each outstanding option were reduced, from $8.18 per unit and $16.36 per unit, respectively, to $2.78 per unit and $10.96 per unit, respectively, without affecting the existing vesting schedules thereof. The amount of the reduction was ratified in April 2011. Upon application of modification accounting, which contemplates fair value of awards both before and after the debt refinancing and related dividends, the stock compensation cost did not change as a result of this modification.

During Fiscal 2013, the Company made a special one-time grant under the 2006 Plan to certain members of its management team which resulted in the grant of options to purchase an aggregate of 1,595,000 shares of common stock. These one-time grants vest 20% on each of the first five anniversaries of the Trigger Date. The Trigger Date is defined as the date after the vesting of all other options held by the grantee which were granted to the grantee prior to May 2013 and remained outstanding and unvested as of the date of the one-time grant. All other service-based awards granted during Fiscal 2012 and Fiscal 2013 through the date of the Offering vest 40% on the second anniversary of the award with the remaining amount vesting ratably over the subsequent three years. All service-based awards granted subsequent to the Offering vest 25% on each of the first four anniversaries of the grant date. The final exercise date for any option granted is the tenth anniversary of the grant date.

In order to mitigate the impact of the $336.0 million dividend paid in connection with the issuance of the Holdco Notes in February 2013, the Company’s Board of Directors in May 2013 approved a modification to all then outstanding options through a combination of exercise price reductions and cash payments to option holders. The reduction of the exercise prices of each outstanding option was as follows:

•

from $2.78 per unit to $0.79 - $1.65 per unit;

•

from $4.55 per unit to $0.79 per unit;

•

from $5.91 per unit to $0.79 - $0.94 per unit;

•

from $10.91 per unit to $3.17 - $5.02 per unit; and

•

from $10.96 per unit to $3.17 - $5.07 per unit.

The modifications, through a combination of either reduced exercise prices or cash payments, did not affect the existing vesting schedules. The modification, which contemplated the fair value of awards both immediately before and after the modification, resulted in a total of $2.9 million of incremental compensation expense during Fiscal 2014, of which $0.6 million is payable in cash. During Fiscal 2013, the Company recorded $10.4 million of incremental compensation expense, of which $4.3 million is payable in cash. These costs were recorded in the line item “Stock Option Modification Expense” in the Company’s Consolidated Statements of Operations. As of January 31, 2015, the Company expects to recognize $2.7 million of incremental compensation expense to be recorded over the remaining vesting periods, of which $0.4 million is payable in cash.

With the exception of the special one-time grants made during Fiscal 2013, all options awarded pursuant to the 2006 Plan become exercisable upon a change of control as defined in the Stockholders Agreement or the applicable grant agreement. The vesting of special one-time grants will not be accelerated in the event of a change of control, provided, however, that in the event that within two years after a change of control, the grantee’s employment is terminated without cause or the grantee resigns with good reason, then an incremental 20% of the special one-time grants shall be deemed vested as of the date of termination of grantee’s employment, but in no event more than the total number of special one-time grants granted to such grantee. Unless determined otherwise by the plan administrator, upon cessation of employment, options that have not vested will terminate immediately (subject to the potential acceleration of special one-time grants in the event of a change of control, as described above) and, to the extent the termination was without cause, unexercised vested options will be exercisable for a period of 60 days. The final exercise date for any option granted is the tenth anniversary of the grant date. Notwithstanding anything to the contrary set forth above, if a grantee’s employment is terminated without cause in connection with a corporate transaction as defined in the 2006 Plan, then the vesting of any award held by such employee will be accelerated.

Non-cash stock compensation expense during Fiscal 2014, Fiscal 2013 and Fiscal 2012 amounted to $6.3 million, $10.2 million and $2.7 million, respectively. The table below summarizes the types of stock compensation:


	*(in thousands)*
	Year Ended
Type of Non-Cash Stock Compensation	January 31, 2015		February 1, 2014		February 2, 2013
Stock Option Modification(a)	$	2,319	$	6,089	$	—
Stock Option Grants(b)		2,855		3,971		2,260
Restricted Stock Issuances(b)		1,090		143		487

Total(c)	$	6,264	$	10,203	$	2,747

(a)	Represents non-cash compensation related to the modification of outstanding stock options granted under the 2006 Plan during Fiscal 2013 which is included in the line item “Stock Option Modification Expense” in the Company’s Consolidated Statements of Operations.

(b)	Included in the line item “Selling, General and Administrative Expenses” in the Company’s Consolidated Statements of Operations.

(c)	The tax benefit related to the Company’s non-cash stock compensation was $2.3 million, $5.1 million and $1.0 million during Fiscal 2014, Fiscal 2013 and Fiscal 2012 respectively.

As of January 31, 2015, the Company had 3,218,845 options outstanding to purchase shares of common stock, all of which are service-based awards issued under the 2006 Plan, and there was $11.4 million of unearned non-cash stock-based option compensation, exclusive of the $2.7 million of incremental compensation associated with the February 2013 modification, that the Company expects to recognize as expense over a weighted average period of 4.2 years. The service-based awards are expensed on a straight-line basis over the requisite service period. As of January 31, 2015, 502,362 outstanding options to purchase shares of common stock under the 2006 Plan had vested. As of January 31, 2015, no options were outstanding under the 2013 Plan.

Stock option transactions during Fiscal 2014 are summarized as follows:


	Number of Units			Weighted Average Exercise Price Per Share
Options Outstanding February 1, 2014		4,619,323		$	3.25
Options Issued		137,738			29.20
Options Exercised(a)		(1,362,066	)		1.85
Options Forfeited		(176,150	)		3.79

Options Outstanding January 31, 2015		3,218,845		$	4.93

(a)	Options exercised during Fiscal 2014 had a total intrinsic value of $48.1 million.

The following table summarizes information about the options outstanding and exercisable under the 2006 Plan as of January 31, 2015:


	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding at January 31, 2015		Weighted Average Remaining Contractual Life (Years)		Number Exercisable at January 31, 2015		Weighted Average Remaining Contractual Life (Years)
$0.79 - $0.94		810,617		6.4		273,912		5.7
$3.17		260,262		6.0		124,065		5.1
$4.55 - $5.07		1,960,401		8.2		93,347		6.1
$26.96		50,613		9.0		11,038		9.0
$27.40 - $38.66		136,952		9.3		—		—

		3,218,845				502,362

The aggregate intrinsic value of options outstanding as of January 31, 2015 was $144.7 million.

The following table summarizes information about the stock options vested and expected to vest during the contractual term:


Exercise Prices	Options		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Aggregate Intrinsic Value
Vested and Expected to Vest as of January 31, 2015		3,080,511		7.6	$	4.85	$	138.8 million

The fair value of each stock option granted was estimated on the date of grant using the Monte Carlo Simulation option pricing model prior to the date of the Offering and the Black Scholes option pricing model subsequent to the date of the Offering. The fair value of each stock option granted was estimated using the following assumptions:


	Fiscal 2014			Fiscal 2013			Fiscal 2012
Risk-Free Interest Rate		2.09 – 2.11	%		1.7 – 2.09	%		1.0 – 1.3	%
Expected Volatility		38.0 – 44.0	%		36.8 – 38.0	%		35.00	%
Expected Life (years)		6.25			6.25 – 7.4			6.6
Contractual Life (years)		10.0			10.0			10.0
Expected Dividend Yield		0.0	%		0.0	%		0.0	%
Weighted Average Grant Date Fair Value of Options Issued	$	13.16		$	5.78		$	3.88

The expected dividend yield was based on the Company’s expectation of not paying dividends in the foreseeable future. Since the Company completed its initial public offering in October 2013, it does not have sufficient history as a publicly traded company to evaluate its volatility factor. As such, the expected stock price volatility is based upon the historical volatility of the stock price over the expected life of the options of peer companies that are publicly traded. The risk free interest rate was based on the U.S. Treasury rates for U.S. Treasury zero-coupon bonds with maturities similar to those of the expected term of the awards being valued. For grants issued during Fiscal 2014, Fiscal 2013 and Fiscal 2012, the expected life of the options was calculated using the simplified method. The simplified method defines the life as the average of the contractual term of the options and the weighted average vesting period for all option tranches. This methodology was utilized due to the short length of time our common stock has been publicly traded.

Restricted Stock Awards

Under the 2006 Plan, the Company also has the ability to grant shares of restricted stock. During Fiscal 2014 and Fiscal 2013, the Company granted 346,873 and 26,396 shares of restricted stock, respectively. During Fiscal 2012, the Company granted 5,000 units of restricted stock, each unit consisting of 99 shares of Class A Common Stock and one share of Class L Common Stock. For Fiscal 2014 and Fiscal 2013, prior to the date of the Offering, the fair value of each share of restricted stock granted under the 2006 Plan was estimated using the closing price of the Company’s common stock on the date of grant. For Fiscal 2012 and Fiscal 2013 through the date of the Offering, the fair value of each unit of restricted stock granted under the 2006 Plan was estimated on the date of grant using inputs that included the Company’s business enterprise value, the book value of outstanding debt and the number of shares of common stock outstanding. All shares of restricted stock granted to date under the 2006 Plan are service-based awards that cliff vest at the end of the requisite service period. Shares of restricted stock are expensed on a straight-line basis over the requisite service period of three to four years. Following a change of control, all unvested shares of restricted stock shall remain unvested, provided, however, that 100% of such shares shall vest if, following such change of control, the employment of the recipient is terminated without cause or the recipient resigns with good reason. Additionally, if the recipient’s employment is terminated without cause in connection with a corporate transaction as defined in the 2006 Plan, then the vesting of all unvested shares of restricted stock held by such recipient will be accelerated.

As of January 31, 2015, there was approximately $13.8 million of unearned non-cash stock-based compensation that the Company expects to recognize as an expense over the next 3.7 years.

Award grant, vesting and forfeiture transactions during Fiscal 2014 are summarized as follows:


	Number of Awards			Weighted Average Grant Date Fair Value Per Awards
Non-Vested Awards Outstanding, February 1, 2014		81,396		$	12.58
Awards Granted		346,873			41.76
Awards Vested		(34,384	)		9.91
Awards Cancelled		(1,707	)		27.40

Non-Vested Awards Outstanding, January 31, 2015		392,178		$	38.56

Lease Commitments

12 Months Ended

Jan. 31, 2015

Lease Commitments

13. Lease Commitments

The Company leases stores, distribution facilities and office space under operating and capital leases that will expire principally during the next thirty years. The leases typically include renewal options and escalation clauses and provide for contingent rentals based on a percentage of gross sales.

The following is a schedule of future minimum lease payments having an initial or remaining term in excess of one year:


	*(in thousands)*
Fiscal Year	Operating Leases(a)		Capital Leases
2015	$	278,044	$	3,447
2016		287,610		3,442
2017		270,207		3,948
2018		242,189		3,937
2019		192,800		3,994
Thereafter		808,775		23,486

Total Minimum Lease Payments		2,079,625		42,254
Amount Representing Interest		—		(16,652	)

Total Future Minimum Lease Payments	$	2,079,625	$	25,602

(a)	Total future minimum lease payments include $75.4 million related to options to extend lease terms that are reasonably assured of being exercised and also includes $204.0 million of minimum lease payments for 19 stores and one warehouse that the Company has committed to open or relocate.

The above schedule of future minimum lease payments has not been reduced by future minimum sublease rental income of $37.7 million relating to operating leases under non-cancelable subleases and other contingent rental agreements.

The following is a schedule of net rent expense for Fiscal 2014, Fiscal 2013 and Fiscal 2012:


	*(in thousands)*
	Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
Rent Expense:
Minimum Rental Payments	$	266,318		$	239,049		$	219,982
Contingent Rental Payments		3,913			3,614			3,056
Straight-Line Rent Expense		4,001			8,182			12,115
Lease Incentives Amortization		(25,369	)		(21,557	)		(18,590	)
Amortization of Purchased Lease Rights		684			958			1,033

Total Rent Expense(a)		249,547			230,246			217,596
Less All Rental Income(b)		(19,663	)		(19,613	)		(19,721	)

Total Net Rent Expense	$	229,884		$	210,633		$	197,875

(a)	Included in the line item “Selling, General and Administrative Expenses” in the Company’s Consolidated Statements of Operations.

(b)	Included in the line item “Other Revenue” in the Company’s Consolidated Statements of Operations.

Employee Retirement Plans

12 Months Ended

Jan. 31, 2015

Employee Retirement Plans

14. Employee Retirement Plans

The Company maintains separate defined contribution 401(k) retirement savings and profit-sharing plans covering employees in the United States and Puerto Rico who meet specified age and service requirements. The discretionary profit sharing component (which the Company has not utilized for nine years and has no current plans to utilize) is entirely funded by the Company, and the Company also makes additional matching contributions to the 401(k) component of the plans. Participating employees can voluntarily elect to contribute a percentage of their earnings to the 401(k) component of the plans (up to certain prescribed limits) through a cash or deferred (salary deferral) feature qualifying under Section 401(k) of the Internal Revenue Code (401(k) Plan).

The Company recorded $5.9 million, $5.1 million and $4.3 million of 401(k) Plan match expense for the Plan Years ending December 31, 2014, December 31, 2013 and December 31, 2012, respectively.

Income Taxes

12 Months Ended

Jan. 31, 2015

Income Taxes

15. Income Taxes

Income before income taxes were as follows for Fiscal 2014, Fiscal 2013 and Fiscal 2012:


	*(in thousands)*
	Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
Domestic	$	113,955		$	40,246		$	33,625
Foreign		(8,919	)		(7,888	)		(4,460	)

Total Income Before Income Taxes	$	105,036		$	32,358		$	29,165

Income tax expense was as follows for Fiscal 2014, Fiscal 2013 and Fiscal 2012:


	*(in thousands)*
	Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
Current:
Federal	$	57,123		$	29,794		$	13,813
State		12,898			4,036			(3,704	)
Foreign		—			351			291

Subtotal		70,021			34,181			10,400

Deferred:
Federal		(25,777	)		(17,045	)		(3,386	)
State		(5,163	)		(928	)		(3,519	)
Foreign		—			—			369

Subtotal		(30,940	)		(17,973	)		(6,536	)

Total Income Tax Expense	$	39,081		$	16,208		$	3,864

The tax rate reconciliations were as follows for Fiscal 2014, Fiscal 2013 and Fiscal 2012:


	Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
Tax at Statutory Rate (%)		35.0	%		35.0	%		35.0	%
State Income Taxes, net of Federal		4.1			8.4			5.8
Change in Valuation Allowance		1.5			4.9			1.8
Permanent Items		0.9			0.6			(1.4	)
Tax Credits		(3.4	)		(7.7	)		(11.7	)
Tax Reserves		(1.6	)		2.1			(14.1	)
Deferred Tax Asset - Stock Compensation		—			8.3			—
Impact of Change in State Tax Laws and Rates		0.7			2.8			(2.1	)
Foreign Taxes		(1.1	)		(3.8	)		(1.2	)
Other		1.1			(0.5	)		1.2

Effective Tax Rate (%)		37.2	%		50.1	%		13.3	%

The tax effects of temporary differences are included in deferred tax accounts as follows:


	*(in thousands)*
	January 31, 2015					February 1, 2014
	Tax Assets			Tax Liabilities		Tax Assets			Tax Liabilities
Current Deferred Tax Assets and Liabilities:
Compensated Absences	$	962		$	—	$	646		$	—
Inventory Costs and Reserves Capitalized for Tax Purposes		12,726			—		5,392			—
Insurance Reserves		8,790			—		8,085			—
Prepaid and Other Items		—			11,562		—			19,049
Sales Return Reserves		3,632			—		2,831			—
Reserves		5,043			—		515			—
Deferred Revenue		1,680			—		1,428			—
Employee Benefit Accrual		17,170			—		13,210			—
Other		391			—		527			—
Valuation Allowance		(1,603	)		—		(110	)		—

Total Current Deferred Tax Assets and Liabilities	$	48,791		$	11,562	$	32,524		$	19,049

Non-Current Deferred Tax Assets and Liabilities:
Property and Equipment Basis Adjustments	$	—		$	141,042	$	—		$	128,657
Deferred Rent		33,803			—		31,809			—
Intangibles—Long-Lived		—			103,184		—			113,089
Intangibles—Indefinite-Lived		—			93,974		—			93,618
Insurance Reserves		14,196			—		13,217			—
Employee Benefit Compensation		4,661			—		4,838			—
State Net Operating Losses (net of Federal Benefit)		9,132			—		9,095			—
Prepaid Items Taxable for Tax Purposes		2,694			—		3,508			—
Landlord Allowances		35,335			—		32,747			—
Accrued Interest		3,746			—		3,538			—
Other		4,275			—		—			883
State Credits		3,787			—		2,173			—
Federal and Puerto Rico Tax Credits		1,261			—		1,612			—
Valuation Allowance		(9,050	)		—		(8,998	)		—

Total Non-Current Deferred Tax Assets and Liabilities	$	103,840		$	338,200	$	93,539		$	336,247

Net Deferred Tax Liability				$	197,131				$	229,233

As of January 31, 2015, the Company had available $134.8 million and $6.6 million of state and Puerto Rico net operating losses, respectively, that can be carried forward to future years. The Company has $7.4 million of deferred tax assets recorded for state net operating losses which will expire at various dates between 2012 and 2032. In addition, as of January 31, 2015, the Company had $1.7 million of deferred tax assets recorded for Puerto Rico net operating loss carry forwards that will begin to expire in 2019. As of January 31, 2015, the Company had tax credit carry forwards that included $3.8 million of state credits that will begin to expire in 2023 and $1.2 million of Puerto Rico alternative minimum tax (AMT) credits that have an indefinite life.

The Company assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax assets. Based on this evaluation, the Company believes no valuation allowances for federal income taxes are necessary.

We believe that it is more likely than not that the benefit from certain state net operating loss carry forwards and credits will not be realized. In recognition of this risk, we have provided a valuation allowance of $5.6 million on state net operating losses and $0.5 million on state tax credit carry forwards. In addition, the Company believes that it is more likely than not that the benefit from Puerto Rico deferred tax assets, including net operating loss carry forwards and credit carry forwards, will not be realized. We have provided for a full valuation allowance of $4.5 million on Puerto Rico deferred tax assets. If our assumptions change and we determine we will be able to realize these net operating losses or the credits, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets as of January 31, 2015, will be recorded to the Company’s Consolidated Statement of Operations. The valuation allowance increased by $1.6 million and $1.2 million during each of the years ended January 31, 2015 and February 1, 2014, respectively, primarily due to increase in the Puerto Rico deferred tax assets that will more likely than not, not be realized.

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits (exclusive of interest and penalties) is as follows:


	*(in thousands)*
	Gross Unrecognized Tax Benefits, Exclusive of Interest and Penalties
Balance at January 28, 2012	$	22,149
Additions for Tax Positions of the Current Year		—
Additions for Tax Positions of Prior Years		—
Reduction for Tax Positions of Prior Years		(5,225	)
Settlements		—
Lapse of Statute of Limitations		—

Balance at February 2, 2013	$	16,924
Additions for Tax Positions of the Current Year		—
Additions for Tax Positions of Prior Years		—
Reduction for Tax Positions of Prior Years		(1,524	)
Settlements		—
Lapse of Statute of Limitations		(128	)

Balance at February 1, 2014	$	15,272
Additions for Tax Positions of the Current Year		44
Additions for Tax Positions of Prior Years		252
Reduction for Tax Positions of Prior Years		(1,524	)
Settlements		—
Lapse of Statute of Limitations		(2,314	)

Balance at January 31, 2015	$	11,730

As of January 31, 2015, the Company reported total unrecognized benefits of $11.7 million, of which $5.8 million would affect the Company’s effective tax rate if recognized. As a result of previous positions taken, the Company recorded an increase of $0.4 million of interest and penalties during Fiscal 2014 in the line item “Income Tax Expense” in the Company’s Consolidated Statements of Operations. Cumulative interest and penalties of $12.1 million are recorded in the line item “Other Liabilities” in the Company’s Consolidated Balance Sheet. The Company recognizes interest and penalties related to unrecognized tax benefits as part of income taxes. Within the next twelve months, the Company does not expect any significant changes in its unrecognized tax benefits.

As of February 1, 2014, the Company reported total unrecognized benefits of $15.3 million, of which $6.0 million would affect the Company’s effective tax rate if recognized. As a result of previous positions taken, the Company recorded an increase of $1.3 million of interest and penalties during Fiscal 2013 in the line item “Income Tax Expense” in the Company’s Consolidated Statements of Operations. Cumulative interest and penalties of $11.7 million are recorded in the line item “Other Liabilities” in the Company’s Consolidated Balance Sheet.

The Company files tax returns in the U.S. federal jurisdiction, Puerto Rico and various state jurisdictions. The Company is open to examination by the IRS under the applicable statutes of limitations for fiscal years 2012 through 2014. The Company or its subsidiaries’ state and Puerto Rico income tax returns are open to audit for the fiscal years 2009 through 2014, with a few exceptions, under the applicable statutes of limitations. There are ongoing federal and state audits in several jurisdictions and the Company has accrued for possible exposures as required under Topic No. 740. The settlement of these audits will not have a material impact to the financial results of the Company.

Fair Value of Financial Instruments

12 Months Ended

Jan. 31, 2015

Fair Value of Financial Instruments

16. Fair Value of Financial Instruments

The Company accounts for fair value measurements in accordance with Topic No. 820 which defines fair value, establishes a framework for measurement and expands disclosure about fair value measurements. Topic No. 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price), and classifies the inputs used to measure fair value into the following hierarchy:


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

Level 2:		Quoted market prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

Level 3:		Pricing inputs that are unobservable for the assets and liabilities and include situations where there is little, if any, market activity for the assets and liabilities.

The inputs into the determination of fair value require significant management judgment or estimation.

The carrying amounts of cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term nature of these instruments.

Financial Assets

The Company’s financial assets as of January 31, 2015 and February 1, 2014 included cash equivalents and interest rate cap contracts. The Company uses interest rate cap contracts to manage interest rate risk. The fair value of the Company’s interest rate cap contracts is determined using the market standard methodology of discounted future variable cash receipts. The variable cash receipts are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rise above the strike rate of the caps. The variable interest rates used in the calculation of projected receipts on the cap are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. In addition, to comply with the provisions of Topic No. 820, credit valuation adjustments, which consider the impact of any credit enhancements to the contracts, are incorporated in the fair values to account for potential nonperformance risk. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered any applicable credit enhancements such as collateral postings, thresholds, mutual puts, and guarantees.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by its counterparties. However, as of January 31, 2015 and February 1, 2014, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustment is not significant to the overall valuation of its derivative portfolios. As a result, the Company classifies its derivative valuations in Level 2 of the fair value hierarchy.

The fair values of the Company’s financial assets and the hierarchy of the level of inputs are summarized below:


	*(in thousands)*
	Fair Value Measurements at January 31, 2015		Fair Value Measurements at February 1, 2014
Assets:
Level 1
Cash Equivalents (Including Restricted Cash)	$	28,094	$	32,324
Level 2
Interest Rate Cap Contracts(a)	$	1,572	$	1

(a)	Included in “Other Assets” within the Company’s Consolidated Balance Sheets. Refer to Note 8, “Derivative Instruments and Hedging Activities,” for further discussion regarding the Company’s interest rate cap contracts.

Financial Liabilities

The fair values of the Company’s financial liabilities are summarized below:


	*(in thousands)*
	January 31, 2015				February 1, 2014
	Carrying Amount(a)		Fair Value(a)		Carrying Amount(a)		Fair Value(a)
$1,200,000 Senior Secured Term Loan Facility (Term B-3 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, matures on August 13, 2021	$	1,161,541	$	1,150,410	$	—	$	—
$1,000,000 Senior Secured Term Loan Facility (Term B-2 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, redeemed in full on August 13, 2014		—		—		828,839		836,091
$450,000 Senior Notes, 10%, redeemed in full on August 13, 2014		—		—		450,000		501,458
$350,000 Senior Notes, 9% / 9.75%, redeemed in full on August 13, 2014		—		—		126,147		128,512
$600,000 ABL Senior Secured Revolving Facility, LIBOR plus spread based on average outstanding balance, expires August 13, 2019		63,300		63,300		—		—

Total Debt	$	1,224,841	$	1,213,710	$	1,404,986	$	1,466,061

(a)	Capital lease obligations are excluded from the table above.

The fair values presented herein are based on pertinent information available to management as of the respective year end dates. The estimated fair values of the Company’s debt are classified as Level 2 in the fair value hierarchy. Although management is not aware of any factors that could significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since that date, and current estimates of fair value may differ from amounts presented herein.

- 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

Commitments and Contingencies

12 Months Ended

Jan. 31, 2015

Commitments and Contingencies

17. Commitments and Contingencies

Legal

The Company establishes accruals relating to legal claims, in connection with litigation to which the Company is party from time to time in the ordinary course of business. The aggregate amount of such accruals were $12.9 million and $1.3 million as of January 31, 2015 and February 1, 2014, respectively.

Like many retailers, the Company has been named in class or collective actions on behalf of various groups alleging violations of federal and state wage and hour and other labor statutes, and alleged violation of state consumer and/or privacy protection statutes. In the normal course of business, we are also party to various other lawsuits and regulatory proceedings including, among others, commercial, product, product safety, employee, customer, intellectual property and other claims. Actions against us are in various procedural stages. Many of these proceedings raise factual and legal issues and are subject to uncertainties.

In the matter of Burlington Coat Factory Song Beverly Cases which is currently pending in the Superior Court of the State of California, Complex Division, County of Orange (Case No. JCCP No. 4681), plaintiff, on behalf of herself and others similarly situated, alleges that the Company is in violation of the California Civil Code for collecting personal information from customers in connection with the use of credit cards by such customers to pay for merchandise at the Company’s stores. At trial held in January 2015, the Superior Court held that the Company was in violation of California law and set May 1, 2015 as the date for a conference to set a date for trial to determine the penalty to be assessed against the Company. The Company is unable to predict the amount of penalty that may be assessed by the court, in excess of the amount accrued, after its consideration of various factors, including, among others, how information was used, how much revenue was derived from the information, what procedures were in place to control the maintenance and dissemination of the information, the duration of the practice to collect information and other relevant factors; however, such penalty assessment could be material. As the state of the law in this area is unsettled and there are conflicting decisions in several cases brought against retailers under the Song Beverly law, the Company has not determined whether it will appeal the determination of the trial court and cannot predict whether an appeal may be successful. However, the Company intends to consider all alternatives including, among others, seeking a stay of proceedings by the trial court while the appellate court is considering an appeal in another case with similar facts, seeking to settle the matter with plaintiffs, seeking an interlocutory appeal in its own case and proceeding to trial on the penalty phase. The accrual for this matter is included in the $12.9 million legal accrual discussed above.

To determine the likelihood of a loss and/or the measurement of any loss can be complex. Consequently, we are unable to estimate the range of reasonably possible loss in excess of amounts accrued. Our assessments are based on estimates and assumptions that have been deemed reasonable by management, but the assessment process relies heavily on estimates and assumptions that may prove to be incomplete or inaccurate, and unanticipated events and circumstances may occur that might cause us to change those estimates and assumptions The ultimate outcome of the case could have a material adverse effect on the Company’s results of operations.

Letters of Credit

The Company had irrevocable letters of credit in the amounts of $48.1 million and $43.9 million as of January 31, 2015 and February 1, 2014, respectively.

Letters of credit outstanding as of January 31, 2015 and February 1, 2014 amounted to $33.4 million and $28.8 million, respectively, guaranteeing performance under various lease agreements, insurance contracts, and utility agreements. The Company also had outstanding letters of credit arrangements in the aggregate amount of $14.7 million and $15.1 million at January 31, 2015 and February 1, 2014, respectively, related to certain merchandising agreements. Based on the terms of the credit agreement relating to the ABL Line of Credit, the Company had available letters of credit of $386.9 million and $456.2 million as of January 31, 2015 and February 1, 2014, respectively.

Purchase Commitments

The Company had $652.8 million of purchase commitments related to goods or services that were not received as of January 31, 2015.

Death Benefits

In November of 2005, the Company entered into agreements with three of the Company’s former executives whereby upon each of their deaths, the Company will pay $1.0 million to each respective designated beneficiary.

Related Party Transactions

12 Months Ended

Jan. 31, 2015

Related Party Transactions

18. Related Party Transactions

In connection with the purchase of the Company by Bain Capital in April of 2006, the Company entered into an advisory agreement with Bain Capital (the Advisory Agreement) pursuant to which Bain Capital provided management, consulting, financial and other advisory services. The Advisory Agreement had a 10-year initial term, and thereafter was subject to automatic one-year extensions unless the Company or Bain Capital provides written notice of termination, except that the agreement terminated automatically upon an initial public offering or a change of control of the Company. If the Advisory Agreement was terminated early, Bain Capital would be entitled to receive all unpaid fees and unreimbursed out-of-pocket expenses, as well as the present value of the periodic fee that would otherwise have been payable through the end of the 10-year term. The Advisory Agreement was terminated on October 2, 2013 in connection with the Offering and, in accordance with the termination of the Advisory Agreement, Bain Capital was paid a fee of $10.1 million which is included in the line item “Costs Related to Debt Amendments, Secondary Offerings, Termination of Advisory Agreement and Other” in the Company’s Consolidated Statements of Operations. Prior to the termination of the Advisory Agreement, Bain Capital was paid a periodic fee of $1.0 million per fiscal quarter plus reimbursement for reasonable out-of-pocket expenses, and a fee equal to 1% of the transaction value of certain financing, acquisition, disposition or change of control or similar transactions by or involving the Company. During Fiscal 2014, fees paid to Bain Capital, representing reimbursement for out-of-pocket expenses, amounted to $0.2 million. During Fiscal 2013 and Fiscal 2012, fees paid to Bain Capital, primarily representing the quarterly fee, amounted to $2.9 million, exclusive of the termination fee, and $4.3 million, respectively. These amounts are recorded in the line item “Selling, General and Administrative Expenses” in the Company’s Consolidated Statements of Operations.

Bain Capital, either directly or through affiliates, has ownership interests in a broad range of companies (Portfolio Companies) with whom the Company may from time to time enter into commercial transactions in the ordinary course of business, primarily for the purchase of goods and services. The Company believes that none of the Company’s transactions or arrangements with Portfolio Companies are significant enough to be considered material to Bain Capital or to its business.

The brother-in-law of one of the Company’s Executive Vice Presidents is an independent sales representative of one of the Company’s suppliers of merchandise inventory. This relationship predated the commencement of the Executive Vice President’s employment with the Company. The Company has determined that the dollar amount of purchases through such supplier represents an insignificant amount of its inventory purchases.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Quarterly Results

12 Months Ended

Jan. 31, 2015

Quarterly Results

19. Quarterly Results (Unaudited)

In the opinion of the Company’s management, the accompanying unaudited interim Consolidated Financial Statements contain all adjustments which are necessary for a fair presentation of the quarters presented. The operating results for any quarter are not necessarily indicative of the results of any future quarter.


	*(in thousands, except share data)*
Year ended January 31, 2015:	Quarter Ended
	May 3, 2014		August 2, 2014			November 1, 2014			January 31, 2015
Net Sales	$	1,128,269	$	1,043,581		$	1,157,292		$	1,485,362
Gross Margin(1)(2)		429,808		398,554			458,702			626,621
Net Income (Loss)(3)(4)	$	11,774	$	(6,470	)	$	(34,214	)	$	94,865
Net Income (Loss) Per Share—Basic(5):
Class L Stockholders	$	—	$	—		$	—		$	—
Common Stockholders	$	0.16	$	(0.09	)	$	(0.46	)	$	1.27
Net Income (Loss) Per Share—Diluted(5):
Class L Stockholders	$	—	$	—		$	—		$	—
Common Stockholders	$	0.16	$	(0.09	)	$	(0.46	)	$	1.24


	*(in thousands, except share data)*
Year ended February 1, 2014:	Quarter Ended
	May 4, 2013			August 3, 2013			November 2, 2013			February 1, 2014
Net Sales	$	1,065,013		$	963,711		$	1,064,502		$	1,334,277
Gross Margin(1)		397,361			363,391			414,865			555,929
Net Income (Loss)	$	(5,563	)	$	(25,014	)	$	(16,857	)	$	63,584
Net Income (Loss) Per Share—Basic(5)(6):
Class L Stockholders	$	7.91		$	8.01		$	8.04		$	—
Common Stockholders	$	(0.09	)	$	(0.13	)	$	(0.12	)	$	0.86
Net Income (Loss) Per Share—Diluted(5)(6):
Class L Stockholders	$	7.91		$	8.01		$	8.04		$	—
Common Stockholders	$	(0.09	)	$	(0.22	)	$	(0.12	)	$	0.84

(1)	Gross margin is equal to net sales less cost of sales.

(2)	Gross margin for the quarterly periods ended January 31, 2015 and February 1, 2014 are inclusive of inventory shrinkage adjustments of $10.0 million and $3.8 million, respectively, as a result of actual shrink being less than what the Company had estimated.

(3)	Net Loss for the quarter ended November 1, 2014 includes a loss of $70.3 million from the extinguishment of debt. Refer to Note 7, “Long Term Debt,” for additional details.

(4)	Net Income for the quarter ended January 31, 2015 includes $9.3 million of charges for Song Beverly litigation as further described in Footnote 17, “Commitments and Contingencies.”

(5)	Quarterly EPS results may not equal full year amounts due to rounding.

(6)	All per share amounts have been adjusted for the 11-for-1 stock split effective immediately prior to the Company’s initial public offering, which was completed on October 7, 2013.

Schedule I-Condensed Financial Information of Registrant

12 Months Ended

Jan. 31, 2015

Schedule I-Condensed Financial Information of Registrant

Schedule I

CONDENSED FINANCIAL INFORMATION

OF REGISTRANT

Parent Company Information

Burlington Stores, Inc.

Balance Sheets


	As of
	January 31, 2015			February 1, 2014
	(in thousands)
ASSETS:
Current Assets	$	1,504		$	3,523

Total Assets	$	1,504		$	3,523

LIABILITIES AND STOCKHOLDERS’ DEFICIT:
Current Liabilities	$	—		$	—

Negative Investment in Subsidiaries		67,455			153,991
Commitments and Contingencies		—			—
Common Stock Class L		—			—
Total Stockholders’ Deficit		(65,951	)		(150,468	)

Total Liabilities and Stockholders’ Deficit	$	1,504		$	3,523

See Accompanying Notes to Condensed Financial Statements

CONDENSED FINANCIAL INFORMATION

OF REGISTRANT

Parent Company Information

Burlington Stores, Inc.

Statements of Operations


	Year Ended
	January 31, 2015		February 1, 2014		February 2, 2013 (53 weeks)
	(in thousands)
REVENUES:
Total Revenue	$	—	$	—	$	—
COSTS AND EXPENSES:
(Income) Loss from Equity Investment		—		—		—

Total Costs and Expenses		—		—		—

Income (Loss) Before Provision (Benefit) for Income Tax		—		—		—

Provision (Benefit) for Income Tax		—		—		—

Earnings from Equity Investment, Net of Income Taxes	$	65,955	$	16,150	$	25,301

Net Income	$	65,955	$	16,150	$	25,301

See Accompanying Notes to Condensed Financial Statements

CONDENSED FINANCIAL INFORMATION

OF REGISTRANT

Parent Company Information

Burlington Stores, Inc.

Statements of Cash Flows


	Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013 (53 weeks)
	(in thousands)
OPERATING ACTIVITIES:
Net Cash Provided by Operations	$	—		$	—		$	—

INVESTING ACTIVITIES:
Receipt of Dividends		—			—			—

Net Cash Used in Investing Activities		—			—			—

FINANCING ACTIVITIES:
Proceeds from Initial Public Offering		—			260,667			—
Offering Costs		—			(23,747	)		—
Receipt of Dividends		—			336,000			1,718
Payment of Dividends		—			(336,000	)		(1,711	)
Purchase of Treasury Shares		(3,933	)		—			(7	)
Intercompany Financing Transactions		(600	)		(236,920	)		(1,764	)
Proceeds from Stock Option Exercises		2,514			2,527			2,760

Net Cash Used in Financing Activities		(2,019	)		2,527			996

Increase in Cash and Cash Equivalents		(2,019	)		2,527			996
Cash and Cash Equivalents at Beginning of Period		3,523			996			—

Cash and Cash Equivalents at End of Period	$	1,504		$	3,523		$	996

See Accompanying Notes to Condensed Financial Statements

CONDENSED FINANCIAL INFORMATION

OF REGISTRANT

Parent Company Information

Burlington Stores, Inc.

Note 1. Basis of Presentation

Burlington Stores, Inc. (the Parent Company) is a holding company that conducts substantially all of its business operations through its subsidiaries. The Parent Company’s ability to pay dividends on Parent Company’s common stock will be limited by restrictions on the ability of Parent Company’s subsidiaries and Parent Company to pay dividends or make distributions under the terms of current and any future agreements governing the indebtedness of Parent Company’s subsidiaries.

The accompanying Condensed Financial Statements include the accounts of the Parent Company and, on an equity basis, its subsidiaries and affiliates. Accordingly, these condensed financial statements have been presented on a “parent-only” basis. Under a parent-only presentation, the Parent Company’s investments in its consolidated subsidiaries are presented under the equity method of accounting. These parent-only financial statements should be read in conjunction with Burlington Stores, Inc. audited Consolidated Financial Statements included elsewhere herein.

Note 2. Dividends

As discussed above, payment of dividends is prohibited under the credit agreements of Parent Company’s subsidiaries, except in limited circumstances. Dividends equal to $336.0 million and $1.7 million were paid during Fiscal 2013 and Fiscal 2012, respectively. During Fiscal 2013, the Company used the net proceeds from the offering of the 9.00%/9.75% Senior Notes due 2018 issued by Burlington Holdings, LLC (Holdings LLC) and Burlington Holdings Finance, Inc. (Holdco Notes) to pay a special cash dividend of $336.0 million to the Class A and Class L stockholders on a pro rata basis. The dividend was approved by the Parent Company’s Board of Directors in February 2013. During Fiscal 2011, in connection with the offering of the 10% Senior Notes due 2019 and the refinancing of the $1.0 billion senior secured term loan facility, a cash dividend of approximately $300.0 million, in the aggregate, was declared payable to Class A and Class L stockholders on a pro rata basis. The dividend was approved by the Parent Company’s Board of Directors in February 2011. Of the $300.0 million in dividends that were declared, $1.7 million was paid during Fiscal 2012.

Note 3. Stock-Based Compensation

Non-cash stock compensation expense has been pushed down to Parent Company’s subsidiaries for Fiscal 2014, Fiscal 2013 and Fiscal 2012. The excess tax benefit from stock based compensation has been pushed down to Parent Company’s subsidiaries for Fiscal 2014.

Schedule II-Valuation and Qualifying Accounts and Reserves

12 Months Ended

Jan. 31, 2015

Schedule II-Valuation and Qualifying Accounts and Reserves

BURLINGTON STORES, INC.

Schedule II—Valuation and Qualifying Accounts and Reserves

(All amounts in thousands)


Description	Balance at Beginning of Period		Charged to Costs & Expenses			Charged to Other Accounts(1)		Accounts Written Off or Deductions(2)		Balance at End of Period
Year ended January 31, 2015
Allowance for doubtful accounts	$	109	$	344		$	—	$	342	$	111
Sales reserves	$	2,604	$	(672	)	$	304,577	$	303,457	$	3,052
Valuation allowances on deferred tax assets	$	9,108	$	—		$	1,545	$	—	$	10,653
Year ended February 1, 2014
Allowance for doubtful accounts	$	81	$	304		$	—	$	276	$	109
Sales reserves	$	2,774	$	256		$	295,107	$	295,533	$	2,604
Valuation allowances on deferred tax assets	$	7,882	$	—		$	1,226	$	—	$	9,108
Year ended February 2, 2013
Allowance for doubtful accounts	$	85	$	115		$	—	$	119	$	81
Sales reserves	$	2,303	$	(532	)	$	292,558	$	291,555	$	2,774
Valuation allowances on deferred tax assets	$	7,349	$	—		$	533	$	—	$	7,882

Notes:

(1)

Amounts related to sales reserves are charged to merchandise sales and amounts related to valuation allowances on deferred taxes are charged to income tax expense.

(2)

Actual returns and allowances.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2015

Business

Business

Basis of Consolidation and Presentation

Basis of Consolidation and Presentation

Fiscal Years

Fiscal Years

Use of Estimates

Use of Estimates

Initial Public Offering

Initial Public Offering

Secondary Offerings

Secondary Offerings

Cash and Cash Equivalents

Cash and Cash Equivalents

Accounts Receivable

Accounts Receivable

Inventories

Inventories

Property and Equipment

Property and Equipment

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

Capitalized Computer Software Costs

Capitalized Computer Software Costs

Intangible Assets

Intangible Assets

Goodwill

Goodwill

Other Assets

Other Assets

Other Current Liabilities

Other Current Liabilities


	*(in thousands)*
	Years Ended
	January 31, 2015		February 1, 2014
Short-Term Self Insurance Reserve(a)	$	24,888	$	23,553
Long-Term Self Insurance Reserve(b)		35,953		33,600

Total	$	60,841	$	57,153

(a)	Represents the portions of the self insurance reserve expected to be paid in the next twelve months which is recorded in the line item “Other Current Liabilities” in the Company’s Consolidated Balance Sheets.

(b)	The remaining self insurance reserve balance is recorded in the line item “Other Liabilities” in the Company’s Consolidated Balance Sheets.

Other Liabilities

Other Liabilities

Revenue Recognition

Revenue Recognition

Other Revenue

Other Revenue


	*(in thousands)*
	Years Ended
	January 31, 2015		February 1, 2014		February 2, 2013
Service Fees	$	14,269	$	13,711	$	13,284
Subleased Rental Income and Other		12,366		9,849		10,202
Rental Income from Leased Departments		8,495		10,924		10,639

Total	$	35,130	$	34,484	$	34,125

Advertising Costs

Advertising Costs

Barter Transactions

Barter Transactions


	*(in thousands)*
	January 31, 2015		February 1, 2014
Prepaid and Other Current Assets	$	2,664	$	2,842
Other Assets		5,246		7,718

Total Prepaid Advertising Expense	$	7,910	$	10,560


	*(in thousands)*
	Fiscal Years Ended
	January 31, 2015		February 1, 2014		February 2, 2013
Barter Credit Usage	$	2,650	$	2,544	$	3,776

Income Taxes

Income Taxes

Other Income, Net

Other Income, Net

Comprehensive Loss

Comprehensive Income

Comprehensive Income is comprised of net income and the effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges.

Lease Accounting

Lease Accounting

Stock-Based Compensation

Stock-Based Compensation

Net Income (Loss) Per Share

Net Income (Loss) Per Share

Net income (loss) per share is calculated using the treasury stock method. Refer to Note 11, “Net Income (Loss) Per Share,” for further details.

Credit Risk

Credit Risk

Segment Information

Segment Information

The Company reports segment information in accordance with ASC Topic No. 280 “Segment Reporting” (Topic No. 280). The Company has one reportable segment.

Reclassification

Reclassification

Certain reclassifications have been made to prior year financial statements to conform with the current period presentation.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2015

Self Insurance Reserves

Self insurance reserves as of January 31, 2015 and February 1, 2014 were:


	*(in thousands)*
	Years Ended
	January 31, 2015		February 1, 2014
Short-Term Self Insurance Reserve(a)	$	24,888	$	23,553
Long-Term Self Insurance Reserve(b)		35,953		33,600

Total	$	60,841	$	57,153

(a)	Represents the portions of the self insurance reserve expected to be paid in the next twelve months which is recorded in the line item “Other Current Liabilities” in the Company’s Consolidated Balance Sheets.

(b)	The remaining self insurance reserve balance is recorded in the line item “Other Liabilities” in the Company’s Consolidated Balance Sheets.

Other Revenue


	*(in thousands)*
	Years Ended
	January 31, 2015		February 1, 2014		February 2, 2013
Service Fees	$	14,269	$	13,711	$	13,284
Subleased Rental Income and Other		12,366		9,849		10,202
Rental Income from Leased Departments		8,495		10,924		10,639

Total	$	35,130	$	34,484	$	34,125

Prepaid Advertising Expense


	*(in thousands)*
	January 31, 2015		February 1, 2014
Prepaid and Other Current Assets	$	2,664	$	2,842
Other Assets		5,246		7,718

Total Prepaid Advertising Expense	$	7,910	$	10,560

Barter Credit Usage


	*(in thousands)*
	Fiscal Years Ended
	January 31, 2015		February 1, 2014		February 2, 2013
Barter Credit Usage	$	2,650	$	2,544	$	3,776

Property and Equipment (Tables)

12 Months Ended

Jan. 31, 2015

Property and Equipment

Property and equipment consist of:


		*(in thousands)*
	Useful Lives	January 31, 2015			February 1, 2014
Land	N/A	$	159,246		$	162,331
Buildings	20 to 40 Years		424,601			365,101
Store Fixtures and Equipment	3 to 10 Years		643,647			568,342
Software	3 to 5 Years		187,402			163,547
Leasehold Improvements	Shorter of lease term or useful life		466,940			432,644
Construction in Progress	N/A		21,478			35,996

			1,903,314			1,727,961
Less: Accumulated Depreciation			(932,895	)		(825,304	)

Total Property and Equipment, net of Accumulated Depreciation and Amortization		$	970,419		$	902,657

Intangible Assets (Tables)

12 Months Ended

Jan. 31, 2015

Intangible Assets

Intangible assets at January 31, 2015 and February 1, 2014 consist primarily of tradenames and favorable lease positions as follows:


	*(in thousands)*
	January 31, 2015							February 1, 2014
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Gross Carrying Amount		Accumulated Amortization			Net Amount
Tradenames	$	238,000	$	—		$	238,000	$	238,000	$	—		$	238,000

Favorable Leases	$	476,677	$	(210,280	)	$	266,397	$	487,350	$	(194,797	)	$	292,553

Amortization Expense of Favorable Leases

Amortization expense of favorable leases for each of the next five fiscal years is estimated to be as follows:


Fiscal years:	*(in thousands)*
2015	$	24,228
2016		23,148
2017		23,317
2018		21,059
2019		20,456

Total	$	112,208

Impairment Charges (Tables)

12 Months Ended

Jan. 31, 2015

Impairment Charges

Impairment charges during these periods related to the following:


	*(in thousands)*
	Fiscal Year Ended
Asset Categories	January 31, 2015		February 1, 2014		February 2, 2013
Favorable Leases	$	—	$	—	$	6,275
Leasehold Improvements		696		1,575		1,885
Building/Building Improvements		1,152		81		1,814
Furniture and Fixtures		500		970		950
Land		—		4		558
Other Assets		216		465		—
Other Property and Equipment		15		85		57

Total	$	2,579	$	3,180	$	11,539

Asset Impairments

Fair Value of Remaining Long-lived Assets

Of the three stores that were partially impaired during Fiscal 2014, the table below sets forth by level within the fair value hierarchy their fair value subsequent to impairment charges as of January 31, 2015:


	*(in thousands)*
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- Observable Inputs (Level 3)		Total		Total Impairment Losses
Leasehold Improvements	$	—	$	—	$	566	$	566	$	696
Building/Building Improvements		—		—		—		—		1,152
Furniture and Fixtures		—		—		785		785		500
Other Assets		—		—		167		167		216
Other Property and Equipment		—		—		58		58		15

Total	$	—	$	—	$	1,576	$	1,576	$	2,579

Long Term Debt (Tables)

12 Months Ended

Jan. 31, 2015

Long Term Debt

Long Term Debt consists of:


	*(in thousands)*
	January 31, 2015			February 1, 2014
$1,200,000 Senior Secured Term Loan Facility (Term B-3 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, matures on August 13, 2021	$	1,161,541		$	—
$1,000,000 Senior Secured Term Loan Facility (Term B-2 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, redeemed in full on August 13, 2014		—			828,839
$450,000 Senior Notes, 10%, redeemed in full on August 13, 2014		—			450,000
$350,000 Senior Notes, 9% / 9.75%, redeemed in full on August 13, 2014		—			126,147
$600,000 ABL Senior Secured Revolving Facility, LIBOR plus spread based on average outstanding balance, expires August 13, 2019		63,300			—
Capital Lease Obligations		25,602			23,199

Total debt		1,250,443			1,428,185
Less: current maturities		(1,167	)		(59,026	)

Long term debt, net of current maturities	$	1,249,276		$	1,369,159

Amortization Expense Related to Deferred Financing Fees

Amortization expense related to the deferred financing costs as of January 31, 2015 for each of the next five fiscal years and thereafter is estimated to be as follows:


Fiscal years	*(in thousands)*
2015	$	2,933
2016		2,933
2017		2,986
2018		2,915
2019		2,264
Thereafter		2,357

Total	$	16,388

Maturities of Long-Term Debt and Capital Lease Obligations

Scheduled maturities of the Company’s long term debt and capital lease obligations, as they exist as of January 31, 2015, in each of the next five fiscal years and thereafter are as follows:


	*(in thousands)*
	Long- Term Debt			Capital Lease Obligations			Total
Fiscal years:
2015	$	—		$	1,167		$	1,167
2016		—			1,263			1,263
2017		9,000			1,624			10,624
2018		12,000			1,895			13,895
2019		75,300			2,139			77,439
Thereafter		1,134,000			17,514			1,151,514

Total		1,230,300			25,602			1,255,902
Less: Unamortized Discount		(5,459	)		—			(5,459	)

Total		1,224,841			25,602			1,250,443
Less: Current Portion		—			(1,167	)		(1,167	)

Long Term Debt	$	1,224,841		$	24,435		$	1,249,276

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Jan. 31, 2015

Fair Value of Company's Derivative Financial Instruments on Gross Basis as well as Classification

The tables below presents the fair value of the Company’s derivative financial instruments on a gross basis as well as their classification on the Company’s Consolidated Balance Sheets:

(in thousands)

Fair Values of Derivative Instruments

Asset Derivatives

January 31, 2015

February 1, 2014

Derivatives Designated as Hedging Instruments

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Interest Rate Cap Contracts

Other Assets

1,572

Other Assets

—

Derivatives Not Designated as Hedging Instruments

Interest Rate Cap Contracts

Prepaid and Other
Current Assets

—

Other Assets


	*(in thousands)*
	Amount of Loss Recognized in Other Comprehensive Loss Related to Derivatives						Amount of Loss Reclassified from Other Comprehensive Loss into Earnings Related to Derivatives
	Fiscal Year Ended						Fiscal Year Ended
Derivatives Designated as Hedging Instruments	January 31, 2015		February 1, 2014		February 2, 2013		January 31, 2015		February 1, 2014		February 2, 2013		Component of Earnings
Interest Rate Cap Contracts	$	1,744	$	—	$	—	$	—	$	—	$	—		Interest Expense

(in thousands)

Amount of Loss Recognized in Earnings
Related to Derivatives

Fiscal Year Ended

Derivatives Not Designated as Hedging
Instruments

Location of Loss Recognized in Earnings
Related to Derivatives

January 31,
2015

February 1,
2014

February 2,
2013

Interest Rate Cap Contracts

Interest Expense

Derivatives Designated as Hedging Instruments

Outstanding Interest Rate Derivatives in Qualifying Hedging Relationships

As of January 31, 2015, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative

Notional Principal
Amount

Interest
Cap
Rate

Effective Date

Maturity Date

Interest Rate Cap Contracts

387.5 million

3.0

August 29, 2014

February 28, 2017

Interest Rate Cap Contracts

387.5 million

3.0

August 31, 2014

February 28, 2017

Interest Rate Cap Contracts

340.0 million

4.0

February 28, 2017

February 28, 2019

Interest Rate Cap Contracts

340.0 million

4.0

February 28, 2017

February 28, 2019

Derivatives Not Designated as Hedging Instruments

Outstanding Interest Rate Derivatives in Qualifying Hedging Relationships

As of January 31, 2015, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships:

Interest Rate Derivative

Number of
Instruments

Aggregate Notional
Principal Amount

Interest
Cap
Rate

Maturity Date

Interest Rate Cap Contracts

Two

900.0 million

7.0

May 31, 2015

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jan. 31, 2015

Changes in Accumulated Other Comprehensive Loss

The table below details the changes in accumulated other comprehensive loss for Fiscal 2014. There were no amounts included in accumulated other comprehensive loss during Fiscal 2013.


	*(in thousands)*
	Derivative Instruments		Total
Balance at February 1, 2014	$	—	$	—
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $1.2 million		1,744		1,744

Balance at January 31, 2015	$	1,744	$	1,744

Net Income (Loss) Per Share (Tables)

12 Months Ended

Jan. 31, 2015

Computation of Basic and Diluted per Common Share

The computation of basic and diluted earnings per common share is as follows:


	*(in thousands, except per share data)*
	Fiscal Year Ended
	January 31, 2015		February 1, 2014			February 2, 2013
Net Income	$	65,955	$	16,150		$	25,301
Class L Preference Amount		—		(111,282	)		(146,923	)

Net Income (Loss) Attributable to Common Stockholders	$	65,955	$	(95,132	)	$	(121,622	)

Allocation of Net Income (Loss) to Common Stockholders—Basic:
Class L Stockholders	$	—	$	111,282		$	146,923

Common Stockholders	$	65,955		(95,132	)		(121,622	)

Net Income (Loss) Per Share—Basic:
Class L Stockholders	$	—	$	31.93		$	28.76

Common Stockholders	$	0.89	$	(0.26	)	$	(0.24	)

Allocation of Net Income (Loss) to Common Stockholders—Diluted:
Net Loss Attributable to Common Stockholders	$	65,955	$	(95,132	)	$	(121,622	)
Class L Preference Amount of Common Stock Equivalents		—		(49,260	)		(12,464	)

Allocation of Net Loss to Common Stockholders	$	65,955	$	(144,392	)	$	(134,086	)

Net Income (Loss) Per Share—Diluted:
Class L Stockholders	$	—	$	31.93		$	28.76

Common Stockholders	$	0.87	$	(0.39	)	$	(0.27	)

Weighted Average Number of Shares—Basic:
Class L Stockholders	$	—		3,485			5,109

Common Stockholders		74,101		369,567			505,802

Weighted Average Number of Shares—Diluted:
Class L Stockholders	$	—		3,485			5,109

Common Stockholders		75,865		370,040			505,802

Changes in Class L Common Stock

The changes in Class L Common Stock were as follows (in thousands, except share data):


	February 1, 2014
	Shares			Amount
Class L Common Stock, Beginning of Year		5,183,506		$	1,029,189
Issuance of Class L Common Stock		117,588			2,531
Issuance/Forfeiture of Restricted Shares and Compensation		—			61
Repurchase of Class L Common Stock		—			—
Dividend		—			(33,600	)
Accretion of Class L Preferred Return		—			104,859
Other		(1,167	)		(21	)
Conversion of Class L Stock to Common Stock		(5,299,927	)		(1,103,019	)

Class L Common Stock, End of Year		—		$	—

Stock-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2015

Non-Cash Stock Compensation Expense

The table below summarizes the types of stock compensation:


	*(in thousands)*
	Year Ended
Type of Non-Cash Stock Compensation	January 31, 2015		February 1, 2014		February 2, 2013
Stock Option Modification(a)	$	2,319	$	6,089	$	—
Stock Option Grants(b)		2,855		3,971		2,260
Restricted Stock Issuances(b)		1,090		143		487

Total(c)	$	6,264	$	10,203	$	2,747

(a)	Represents non-cash compensation related to the modification of outstanding stock options granted under the 2006 Plan during Fiscal 2013 which is included in the line item “Stock Option Modification Expense” in the Company’s Consolidated Statements of Operations.

(b)	Included in the line item “Selling, General and Administrative Expenses” in the Company’s Consolidated Statements of Operations.

(c)	The tax benefit related to the Company’s non-cash stock compensation was $2.3 million, $5.1 million and $1.0 million during Fiscal 2014, Fiscal 2013 and Fiscal 2012 respectively.

Stock Option Transactions

Stock option transactions during Fiscal 2014 are summarized as follows:


	Number of Units			Weighted Average Exercise Price Per Share
Options Outstanding February 1, 2014		4,619,323		$	3.25
Options Issued		137,738			29.20
Options Exercised(a)		(1,362,066	)		1.85
Options Forfeited		(176,150	)		3.79

Options Outstanding January 31, 2015		3,218,845		$	4.93

(a)	Options exercised during Fiscal 2014 had a total intrinsic value of $48.1 million.

Information about Options to Purchase Shares

The following table summarizes information about the options outstanding and exercisable under the 2006 Plan as of January 31, 2015:


	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding at January 31, 2015		Weighted Average Remaining Contractual Life (Years)		Number Exercisable at January 31, 2015		Weighted Average Remaining Contractual Life (Years)
$0.79 - $0.94		810,617		6.4		273,912		5.7
$3.17		260,262		6.0		124,065		5.1
$4.55 - $5.07		1,960,401		8.2		93,347		6.1
$26.96		50,613		9.0		11,038		9.0
$27.40 - $38.66		136,952		9.3		—		—

		3,218,845				502,362

Stock Options Vested and Expected to Vest

The following table summarizes information about the stock options vested and expected to vest during the contractual term:


Exercise Prices	Options		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Aggregate Intrinsic Value
Vested and Expected to Vest as of January 31, 2015		3,080,511		7.6	$	4.85	$	138.8 million

Weighted Average Assumptions Used to Estimate Fair Value of Each Stock Option Granted

The fair value of each stock option granted was estimated using the following assumptions:


	Fiscal 2014			Fiscal 2013			Fiscal 2012
Risk-Free Interest Rate		2.09 – 2.11	%		1.7 – 2.09	%		1.0 – 1.3	%
Expected Volatility		38.0 – 44.0	%		36.8 – 38.0	%		35.00	%
Expected Life (years)		6.25			6.25 – 7.4			6.6
Contractual Life (years)		10.0			10.0			10.0
Expected Dividend Yield		0.0	%		0.0	%		0.0	%
Weighted Average Grant Date Fair Value of Options Issued	$	13.16		$	5.78		$	3.88

Award Grant Vesting and Forfeiture

Award grant, vesting and forfeiture transactions during Fiscal 2014 are summarized as follows:


	Number of Awards			Weighted Average Grant Date Fair Value Per Awards
Non-Vested Awards Outstanding, February 1, 2014		81,396		$	12.58
Awards Granted		346,873			41.76
Awards Vested		(34,384	)		9.91
Awards Cancelled		(1,707	)		27.40

Non-Vested Awards Outstanding, January 31, 2015		392,178		$	38.56

Lease Commitments (Tables)

12 Months Ended

Jan. 31, 2015

Future Minimum Lease Payments

The following is a schedule of future minimum lease payments having an initial or remaining term in excess of one year:


	*(in thousands)*
Fiscal Year	Operating Leases(a)		Capital Leases
2015	$	278,044	$	3,447
2016		287,610		3,442
2017		270,207		3,948
2018		242,189		3,937
2019		192,800		3,994
Thereafter		808,775		23,486

Total Minimum Lease Payments		2,079,625		42,254
Amount Representing Interest		—		(16,652	)

Total Future Minimum Lease Payments	$	2,079,625	$	25,602

(a)	Total future minimum lease payments include $75.4 million related to options to extend lease terms that are reasonably assured of being exercised and also includes $204.0 million of minimum lease payments for 19 stores and one warehouse that the Company has committed to open or relocate.

Net Rent Expense

The following is a schedule of net rent expense for Fiscal 2014, Fiscal 2013 and Fiscal 2012:


	*(in thousands)*
	Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
Rent Expense:
Minimum Rental Payments	$	266,318		$	239,049		$	219,982
Contingent Rental Payments		3,913			3,614			3,056
Straight-Line Rent Expense		4,001			8,182			12,115
Lease Incentives Amortization		(25,369	)		(21,557	)		(18,590	)
Amortization of Purchased Lease Rights		684			958			1,033

Total Rent Expense(a)		249,547			230,246			217,596
Less All Rental Income(b)		(19,663	)		(19,613	)		(19,721	)

Total Net Rent Expense	$	229,884		$	210,633		$	197,875

(a)	Included in the line item “Selling, General and Administrative Expenses” in the Company’s Consolidated Statements of Operations.

(b)	Included in the line item “Other Revenue” in the Company’s Consolidated Statements of Operations.

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2015

Earnings Before Income Taxes

Income before income taxes were as follows for Fiscal 2014, Fiscal 2013 and Fiscal 2012:


	*(in thousands)*
	Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
Domestic	$	113,955		$	40,246		$	33,625
Foreign		(8,919	)		(7,888	)		(4,460	)

Total Income Before Income Taxes	$	105,036		$	32,358		$	29,165

Income Tax Expense

Income tax expense was as follows for Fiscal 2014, Fiscal 2013 and Fiscal 2012:


	*(in thousands)*
	Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
Current:
Federal	$	57,123		$	29,794		$	13,813
State		12,898			4,036			(3,704	)
Foreign		—			351			291

Subtotal		70,021			34,181			10,400

Deferred:
Federal		(25,777	)		(17,045	)		(3,386	)
State		(5,163	)		(928	)		(3,519	)
Foreign		—			—			369

Subtotal		(30,940	)		(17,973	)		(6,536	)

Total Income Tax Expense	$	39,081		$	16,208		$	3,864

Tax Rate Reconciliations

The tax rate reconciliations were as follows for Fiscal 2014, Fiscal 2013 and Fiscal 2012:


	Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
Tax at Statutory Rate (%)		35.0	%		35.0	%		35.0	%
State Income Taxes, net of Federal		4.1			8.4			5.8
Change in Valuation Allowance		1.5			4.9			1.8
Permanent Items		0.9			0.6			(1.4	)
Tax Credits		(3.4	)		(7.7	)		(11.7	)
Tax Reserves		(1.6	)		2.1			(14.1	)
Deferred Tax Asset - Stock Compensation		—			8.3			—
Impact of Change in State Tax Laws and Rates		0.7			2.8			(2.1	)
Foreign Taxes		(1.1	)		(3.8	)		(1.2	)
Other		1.1			(0.5	)		1.2

Effective Tax Rate (%)		37.2	%		50.1	%		13.3	%

Tax Effects of Temporary Differences Included in Deferred Tax Accounts

The tax effects of temporary differences are included in deferred tax accounts as follows:


	*(in thousands)*
	January 31, 2015					February 1, 2014
	Tax Assets			Tax Liabilities		Tax Assets			Tax Liabilities
Current Deferred Tax Assets and Liabilities:
Compensated Absences	$	962		$	—	$	646		$	—
Inventory Costs and Reserves Capitalized for Tax Purposes		12,726			—		5,392			—
Insurance Reserves		8,790			—		8,085			—
Prepaid and Other Items		—			11,562		—			19,049
Sales Return Reserves		3,632			—		2,831			—
Reserves		5,043			—		515			—
Deferred Revenue		1,680			—		1,428			—
Employee Benefit Accrual		17,170			—		13,210			—
Other		391			—		527			—
Valuation Allowance		(1,603	)		—		(110	)		—

Total Current Deferred Tax Assets and Liabilities	$	48,791		$	11,562	$	32,524		$	19,049

Non-Current Deferred Tax Assets and Liabilities:
Property and Equipment Basis Adjustments	$	—		$	141,042	$	—		$	128,657
Deferred Rent		33,803			—		31,809			—
Intangibles—Long-Lived		—			103,184		—			113,089
Intangibles—Indefinite-Lived		—			93,974		—			93,618
Insurance Reserves		14,196			—		13,217			—
Employee Benefit Compensation		4,661			—		4,838			—
State Net Operating Losses (net of Federal Benefit)		9,132			—		9,095			—
Prepaid Items Taxable for Tax Purposes		2,694			—		3,508			—
Landlord Allowances		35,335			—		32,747			—
Accrued Interest		3,746			—		3,538			—
Other		4,275			—		—			883
State Credits		3,787			—		2,173			—
Federal and Puerto Rico Tax Credits		1,261			—		1,612			—
Valuation Allowance		(9,050	)		—		(8,998	)		—

Total Non-Current Deferred Tax Assets and Liabilities	$	103,840		$	338,200	$	93,539		$	336,247

Net Deferred Tax Liability				$	197,131				$	229,233

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits (exclusive of interest and penalties) is as follows:


	*(in thousands)*
	Gross Unrecognized Tax Benefits, Exclusive of Interest and Penalties
Balance at January 28, 2012	$	22,149
Additions for Tax Positions of the Current Year		—
Additions for Tax Positions of Prior Years		—
Reduction for Tax Positions of Prior Years		(5,225	)
Settlements		—
Lapse of Statute of Limitations		—

Balance at February 2, 2013	$	16,924
Additions for Tax Positions of the Current Year		—
Additions for Tax Positions of Prior Years		—
Reduction for Tax Positions of Prior Years		(1,524	)
Settlements		—
Lapse of Statute of Limitations		(128	)

Balance at February 1, 2014	$	15,272
Additions for Tax Positions of the Current Year		44
Additions for Tax Positions of Prior Years		252
Reduction for Tax Positions of Prior Years		(1,524	)
Settlements		—
Lapse of Statute of Limitations		(2,314	)

Balance at January 31, 2015	$	11,730

Fair Value of Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2015

Fair Values of Financial Assets and Hierarchy of Level of Inputs

The fair values of the Company’s financial assets and the hierarchy of the level of inputs are summarized below:


	*(in thousands)*
	Fair Value Measurements at January 31, 2015		Fair Value Measurements at February 1, 2014
Assets:
Level 1
Cash Equivalents (Including Restricted Cash)	$	28,094	$	32,324
Level 2
Interest Rate Cap Contracts(a)	$	1,572	$	1

(a)	Included in “Other Assets” within the Company’s Consolidated Balance Sheets. Refer to Note 8, “Derivative Instruments and Hedging Activities,” for further discussion regarding the Company’s interest rate cap contracts.

Fair Values of Financial Liabilities

The fair values of the Company’s financial liabilities are summarized below:


	*(in thousands)*
	January 31, 2015				February 1, 2014
	Carrying Amount(a)		Fair Value(a)		Carrying Amount(a)		Fair Value(a)
$1,200,000 Senior Secured Term Loan Facility (Term B-3 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, matures on August 13, 2021	$	1,161,541	$	1,150,410	$	—	$	—
$1,000,000 Senior Secured Term Loan Facility (Term B-2 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, redeemed in full on August 13, 2014		—		—		828,839		836,091
$450,000 Senior Notes, 10%, redeemed in full on August 13, 2014		—		—		450,000		501,458
$350,000 Senior Notes, 9% / 9.75%, redeemed in full on August 13, 2014		—		—		126,147		128,512
$600,000 ABL Senior Secured Revolving Facility, LIBOR plus spread based on average outstanding balance, expires August 13, 2019		63,300		63,300		—		—

Total Debt	$	1,224,841	$	1,213,710	$	1,404,986	$	1,466,061

(a)	Capital lease obligations are excluded from the table above.

Quarterly Results (Tables)

12 Months Ended

Jan. 31, 2015

Quarterly Operating Results

The operating results for any quarter are not necessarily indicative of the results of any future quarter.


	*(in thousands, except share data)*
Year ended January 31, 2015:	Quarter Ended
	May 3, 2014		August 2, 2014			November 1, 2014			January 31, 2015
Net Sales	$	1,128,269	$	1,043,581		$	1,157,292		$	1,485,362
Gross Margin(1)(2)		429,808		398,554			458,702			626,621
Net Income (Loss)(3)(4)	$	11,774	$	(6,470	)	$	(34,214	)	$	94,865
Net Income (Loss) Per Share—Basic(5):
Class L Stockholders	$	—	$	—		$	—		$	—
Common Stockholders	$	0.16	$	(0.09	)	$	(0.46	)	$	1.27
Net Income (Loss) Per Share—Diluted(5):
Class L Stockholders	$	—	$	—		$	—		$	—
Common Stockholders	$	0.16	$	(0.09	)	$	(0.46	)	$	1.24


	*(in thousands, except share data)*
Year ended February 1, 2014:	Quarter Ended
	May 4, 2013			August 3, 2013			November 2, 2013			February 1, 2014
Net Sales	$	1,065,013		$	963,711		$	1,064,502		$	1,334,277
Gross Margin(1)		397,361			363,391			414,865			555,929
Net Income (Loss)	$	(5,563	)	$	(25,014	)	$	(16,857	)	$	63,584
Net Income (Loss) Per Share—Basic(5)(6):
Class L Stockholders	$	7.91		$	8.01		$	8.04		$	—
Common Stockholders	$	(0.09	)	$	(0.13	)	$	(0.12	)	$	0.86
Net Income (Loss) Per Share—Diluted(5)(6):
Class L Stockholders	$	7.91		$	8.01		$	8.04		$	—
Common Stockholders	$	(0.09	)	$	(0.22	)	$	(0.12	)	$	0.84

(1)	Gross margin is equal to net sales less cost of sales.

(2)	Gross margin for the quarterly periods ended January 31, 2015 and February 1, 2014 are inclusive of inventory shrinkage adjustments of $10.0 million and $3.8 million, respectively, as a result of actual shrink being less than what the Company had estimated.

(3)	Net Loss for the quarter ended November 1, 2014 includes a loss of $70.3 million from the extinguishment of debt. Refer to Note 7, “Long Term Debt,” for additional details.

(4)	Net Income for the quarter ended January 31, 2015 includes $9.3 million of charges for Song Beverly litigation as further described in Footnote 17, “Commitments and Contingencies.”

(5)	Quarterly EPS results may not equal full year amounts due to rounding.

(6)	All per share amounts have been adjusted for the 11-for-1 stock split effective immediately prior to the Company’s initial public offering, which was completed on October 7, 2013.

Summary of Significant Accounting Policies - Additional Information (Detail)

12 Months Ended

Dec. 16, 2014

Oct. 10, 2014

May 06, 2014

USD ($)

Oct. 07, 2013

USD ($)

$ / shares

Jan. 31, 2015

USD ($)

Store

State

Segment

Feb. 01, 2014

USD ($)

Feb. 02, 2013

USD ($)

Jan. 28, 2012

USD ($)

Summary Of Significant Accounting Policies [Line Items]

Number of stores | Store

542

Number of states stores operated | State

Net Proceeds from the offering

$ 260,667,000

Options exercised | shares

^[1]

1,362,066

Cash and short-term, highly liquid investments, maturities period

3 months

Selling, General and Administrative Expenses

$ 1,520,929,000

1,391,788,000

$ 1,312,682,000

Depreciation and Amortization

167,580,000

168,195,000

166,786,000

Impairment Charges - Property and equipment

2,400,000

2,700,000

5,200,000

Capitalized software

13,300,000

21,100,000

Impairment losses - indefinite lived intangible assets

Impairment charges

6,300,000

Impairment losses goodwill

Impairment charges

200,000

500,000

Customer liabilities

30,500,000

29,200,000

Deferred lease incentives

176,300,000

157,500,000

Advertising costs

84,900,000

83,300,000

83,500,000

Barter transactions, sales

$ 13,900,000

Barter transactions, cost of sales

$ 13,900,000

Barter transactions, unused advertising credits

7,910,000

10,560,000

Income from lawsuit settlement

3,200,000

Breakage income

$ 2,500,000

$ 4,000,000

2,500,000

Common stock reserved for options outstanding | shares

3,218,845

4,619,323

Non-Cash Stock Compensation

^[2]

$ 6,264,000

$ 10,203,000

2,747,000

Reports segment | Segment

Initial public offering

Summary Of Significant Accounting Policies [Line Items]

Shares issued | shares

15,333,333

Offering price per share | $ / shares

$ 17.00

Net Proceeds from the offering

$ 236,900,000

Description Of Stock Split

The Company then effected an 11-for-1 split of the Company's Class A common stock and then reclassified the Company's Class A common stock into Common Stock.

Class L common stock split into one share of Class A Common stock

Initial public offering | Bain Capital Investors, LLC

Summary Of Significant Accounting Policies [Line Items]

Transaction fee under the Advisory Agreement

$ 2,600,000

Transaction fee as a percentage of gross proceeds

1.00%

Secondary Offering

Summary Of Significant Accounting Policies [Line Items]

Shares issued | shares

8,000,000

12,000,000

12,500,000

Options exercised | shares

1,800,000

Proceeds from the sale of shares

$ 0

Offering cost

$ 1,800,000

Two Thousand Six Management Incentive Plan

Summary Of Significant Accounting Policies [Line Items]

Number of units reserved under plans | shares

16,125,258

Common stock reserved for options outstanding | shares

3,218,845

Unvested restricted stock outstanding | shares

392,178

Non-Cash Stock Compensation

$ 6,300,000

10,200,000

2,700,000

Barter Credit Usage

Summary Of Significant Accounting Policies [Line Items]

Barter transactions, unused advertising credits

$ 7,900,000

Barter transactions, unused advertising credits period

5 years

Distribution and Purchasing Functions

Summary Of Significant Accounting Policies [Line Items]

Selling, General and Administrative Expenses

$ 204,100,000

168,100,000

145,100,000

Depreciation and Amortization

$ 15,300,000

$ 14,100,000

$ 12,800,000

Burlington Coat Factory

Summary Of Significant Accounting Policies [Line Items]

Number of stores | Store

524

Number of stores opened | Store

Number of stores closed | Store

Cohoes Fashions

Summary Of Significant Accounting Policies [Line Items]

Number of stores | Store

Super Baby Depot

Summary Of Significant Accounting Policies [Line Items]

Number of stores | Store

MJM Designer Shoes

Summary Of Significant Accounting Policies [Line Items]

Number of stores | Store

Number of stores opened | Store

Number of stores closed | Store

Burlington Shoes

Summary Of Significant Accounting Policies [Line Items]

Number of stores | Store

[1]	Options exercised during Fiscal 2014 had a total intrinsic value of $48.1 million.
[2]	The tax benefit related to the Company's non-cash stock compensation was $2.3 million, $5.1 million and $1.0 million during Fiscal 2014, Fiscal 2013 and Fiscal 2012 respectively.

Self Insurance Reserves (Detail) - USD ($)
$ in Thousands

Jan. 31, 2015

Feb. 01, 2014

Self Insurance Reserves [Line Items]

Short-Term Self Insurance Reserve

^[1]

$ 24,888

$ 23,553

Long-Term Self Insurance Reserve

^[2]

35,953

33,600

Total

$ 60,841

$ 57,153

[1]	Represents the portions of the self insurance reserve expected to be paid in the next twelve months which is recorded in the line item "Other Current Liabilities" in the Company's Consolidated Balance Sheets.
[2]	The remaining self insurance reserve balance is recorded in the line item "Other Liabilities" in the Company's Consolidated Balance Sheets.

Other Revenue (Detail) - USD ($) $ in Thousands	12 Months Ended
Other Revenue (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Revenue Recognition [Line Items]
Other Revenue	$ 35,130	$ 34,484	$ 34,125
Service Fees
Revenue Recognition [Line Items]
Other Revenue	14,269	13,711	13,284
Subleased Rental Income and Other
Revenue Recognition [Line Items]
Other Revenue	12,366	9,849	10,202
Rental Income from Leased Departments
Revenue Recognition [Line Items]
Other Revenue	$ 8,495	$ 10,924	$ 10,639

Prepaid Advertising Expense (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Advertising Costs [Line Items]
Prepaid Advertising Expense	$ 7,910	$ 10,560
Prepaid and Other Current Assets
Advertising Costs [Line Items]
Prepaid Advertising Expense	2,664	2,842
Other Assets
Advertising Costs [Line Items]
Prepaid Advertising Expense	$ 5,246	$ 7,718

Barter Credit Usage (Detail) - USD ($) $ in Thousands	12 Months Ended
Barter Credit Usage (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Advertising Costs [Line Items]
Net Advertising Expense	$ 84,900	$ 83,300	$ 83,500
Selling, General and Administrative Expenses \| Barter Credit Usage
Advertising Costs [Line Items]
Net Advertising Expense	$ 2,650	$ 2,544	$ 3,776

Restricted Cash and Cash Equivalents - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents	$ 27,800	$ 32,100
Collateral for certain insurance contracts
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents	$ 27,800	$ 32,100

Property and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Property, Plant and Equipment [Line Items]
Property and equipment	$ 1,903,314	$ 1,727,961
Less: Accumulated Depreciation	(932,895)	(825,304)
Total Property and Equipment, net of Accumulated Depreciation and Amortization	970,419	902,657
Land
Property, Plant and Equipment [Line Items]
Property and equipment	159,246	162,331
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment	$ 424,601	365,101
Buildings \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Lives	20 years
Buildings \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Lives	40 years
Fixtures and Equipment
Property, Plant and Equipment [Line Items]
Property and equipment	$ 643,647	568,342
Fixtures and Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Lives	3 years
Fixtures and Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Lives	10 years
Software and Software Development Costs
Property, Plant and Equipment [Line Items]
Property and equipment	$ 187,402	163,547
Software and Software Development Costs \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Lives	3 years
Software and Software Development Costs \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Lives	5 years
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Lives	Shorter of lease term or useful life
Property and equipment	$ 466,940	432,644
Construction in Progress
Property, Plant and Equipment [Line Items]
Property and equipment	$ 21,478	$ 35,996

Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Property, Plant and Equipment [Line Items]
Capital leases, net of accumulated amortization	$ 14,500	$ 12,700
Capital leases, accumulated amortization	25,900	24,400
Total amount of depreciation expense	130,800	128,800	$ 127,500
Impairment charges, Property and Equipment	2,400	2,700	5,200
Depreciation and Amortization	167,580	168,195	166,786
Software Development
Property, Plant and Equipment [Line Items]
Depreciation and Amortization	$ 17,400	18,800	20,300
Software Development \| Minimum
Property, Plant and Equipment [Line Items]
Internally developed software, amortization period	3 years
Software Development \| Maximum
Property, Plant and Equipment [Line Items]
Internally developed software, amortization period	5 years
Property and Equipment
Property, Plant and Equipment [Line Items]
Impairment charges, Property and Equipment	$ 2,400	$ 2,700	$ 5,200

Intangible Assets (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 238,000	$ 238,000
Favorable Leases
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	476,677	487,350
Accumulated Amortization	(210,280)	(194,797)
Net Amount	$ 266,397	$ 292,553

Intangible Assets - Additional Information (Detail) - USD ($)	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Schedule of Intangible Assets Disclosure [Line Items]
Decrease in gross carrying amount of favorable leases, impairment	$ 0	$ 0	$ 6,300,000
Favorable Leases
Schedule of Intangible Assets Disclosure [Line Items]
Decrease in gross carrying amount of favorable leases, impairment	10,700,000
Accumulated amortization of favorable leases	$ 210,280,000	$ 194,797,000
Remaining weighted average amortization period	14 years 8 months 12 days
Amortization Expense
Schedule of Intangible Assets Disclosure [Line Items]
Accumulated amortization of favorable leases	$ 26,200,000
Cost Adjustment
Schedule of Intangible Assets Disclosure [Line Items]
Accumulated amortization of favorable leases	$ 10,700,000

Amortization Expense of Favorable Leases (Detail) - Favorable Leases $ in Thousands	Jan. 31, 2015 USD ($)
Estimated Amortization Expense [Line Items]
2015	$ 24,228
2016	23,148
2017	23,317
2018	21,059
2019	20,456
Total	$ 112,208

Impairment Charges - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2015 USD ($) Store	Feb. 01, 2014 USD ($) Store	Feb. 02, 2013 USD ($) Store
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment Charges \| $	$ 2,579	$ 3,180	$ 11,539
Asset Impairment
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment of store level assets, number of stores \| Store	3	7	12

Impairment Charges (Detail) - USD ($) $ in Thousands	12 Months Ended
Impairment Charges (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment Charges	$ 2,579	$ 3,180	$ 11,539
Favorable Leases
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment Charges			6,275
Leasehold Improvements
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment Charges	696	1,575	1,885
Building/Building Improvements
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment Charges	1,152	81	1,814
Furniture and Fixtures
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment Charges	500	970	950
Land
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment Charges		4	558
Other Assets
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment Charges	216	465
Other Property and Equipment
Asset Impairments Exit Costs And Other Charges [Line Items]
Impairment Charges	$ 15	$ 85	$ 57

Fair Value Long-lived Assets Subsequent to Impairment Charges (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	$ 1,576
Asset Impairment charges	2,579	$ 3,180	$ 11,539
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	1,576
Leasehold Improvements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	566
Asset Impairment charges	696	1,575	1,885
Leasehold Improvements \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	566
Building/Building Improvements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment charges	1,152	81	1,814
Furniture and Fixtures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	785
Asset Impairment charges	500	970	950
Furniture and Fixtures \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	785
Other Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	167
Asset Impairment charges	216	465
Other Assets \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	167
Other Property and Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	58
Asset Impairment charges	15	$ 85	$ 57
Other Property and Equipment \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	$ 58

Long-Term Debt (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Debt Instrument [Line Items]
Capital Lease Obligations	$ 25,602	$ 23,199
Total debt	1,250,443	1,428,185
Less: current maturities	(1,167)	(59,026)
Long term debt, net of current maturities	1,249,276	1,369,159
Senior Notes, 10%, redeemed on August 13, 2014
Debt Instrument [Line Items]
Long Term Debt		450,000
Senior Notes, 9% / 9.75%, redeemed on August 13, 2014
Debt Instrument [Line Items]
Long Term Debt		126,147
Senior Secured Term Loans \| Term B-3 Loans
Debt Instrument [Line Items]
Long Term Debt	1,161,541
Senior Secured Term Loans \| Term B-2 Loans
Debt Instrument [Line Items]
Long Term Debt		$ 828,839
ABL Senior Secured Revolving Facility
Debt Instrument [Line Items]
Long Term Debt	$ 63,300

Long-Term Debt (Parenthetical) (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2015

Feb. 01, 2014

Feb. 24, 2011

Debt Instrument [Line Items]

Long-Term Debt, face amount

$ 450,000

Long-Term Debt, interest rate

100.00%

ABL Senior Secured Revolving Facility

Debt Instrument [Line Items]

Long-Term Debt, maturity date

Aug. 13, 2019

Long-Term Debt, face amount

$ 600,000

Long-Term Debt, expiration date

Aug. 13, 2019

Term B-3 Loans

Debt Instrument [Line Items]

Long-Term Debt, maturity date

Aug. 13, 2021

Term B-3 Loans | Senior Secured Term Loans

Debt Instrument [Line Items]

Long-Term Debt, maturity date

Aug. 13, 2021

Long-Term Debt, face amount

$ 1,200,000

Term B-3 Loans | Senior Secured Term Loans | London Interbank Offered Rate Floor

Debt Instrument [Line Items]

Long-Term Debt, interest rate

1.00%

Term B-3 Loans | Senior Secured Term Loans | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Long-Term Debt, interest rate

3.25%

Term B-2 Loans | Senior Secured Term Loans

Debt Instrument [Line Items]

Long-Term Debt, face amount

$ 1,000,000

Long-Term Debt, redemption date

Aug. 13, 2014

Term B-2 Loans | Senior Secured Term Loans | London Interbank Offered Rate Floor

Debt Instrument [Line Items]

Long-Term Debt, interest rate

1.00%

Term B-2 Loans | Senior Secured Term Loans | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Long-Term Debt, interest rate

3.25%

Senior Notes, 10%, redeemed on August 13, 2014

Debt Instrument [Line Items]

Long-Term Debt, face amount

$ 450,000

^[1]

$ 450,000

Long-Term Debt, interest rate

10.00%

^[1]

10.00%

Long-Term Debt, redemption date

Aug. 13, 2014

^[1]

Aug. 13, 2014

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014

Debt Instrument [Line Items]

Long-Term Debt, face amount

$ 350,000

^[1]

$ 350,000

Long-Term Debt, redemption date

Aug. 13, 2014

^[1]

Aug. 13, 2014

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014 | Interest Rate Cap Contract One

Debt Instrument [Line Items]

Long-Term Debt, interest rate

9.00%

^[1]

9.00%

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014 | Interest Rate Cap Contract Two

Debt Instrument [Line Items]

Long-Term Debt, interest rate

9.75%

^[1]

9.75%

[1]	Capital lease obligations are excluded from the table above.

Long-Term Debt - Additional Information (Detail) - USD ($)							1 Months Ended				3 Months Ended		12 Months Ended
	Aug. 13, 2014	Apr. 04, 2014	May 17, 2013	Feb. 15, 2013	Jul. 28, 2012	May 16, 2012	Jan. 31, 2014	Jan. 31, 2013	May 31, 2012	Apr. 30, 2012	Nov. 01, 2014	May 03, 2014	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013	Nov. 07, 2013	Feb. 20, 2013	Feb. 24, 2011
Debt Instrument [Line Items]
Long-Term Debt, periodic payments					$ 2,400,000
Long-Term Debt, payment							$ 30,000,000	$ 70,000,000	$ 9,500,000	$ 7,000,000		$ 4,000,000	$ 450,000,000
Loss on Extinguishment of Debt							(800,000)				$ (70,300,000)		(74,347,000)	$ (16,094,000)	$ (2,222,000)
Debt Extinguishment fees													3,900,000
Deferred financing cost													300,000
Term loan amendment, restricted payment basket amount				$ 25,000,000
Term loan amendment, additional fee				$ 8,900,000									8,700,000
Term loan amendment, restricted payment basket				The Second Amendment created a restricted payments basket of $25.0 million and permits Burlington Coat Factory Investments Holdings, Inc. (the parent of BCFWC and indirect subsidiary of Burlington Stores, Inc.) and all of its subsidiaries (Holdings) to use the “available amount” to make restricted payments (which basket includes retained excess cash flow, in an amount not to exceed 50% of BCFWC’s consolidated net income (as defined in the indenture governing the 10% Senior Notes due 2019) since the second quarter of Fiscal 2011), in each case so long as certain conditions are satisfied.
Costs related to debt amendment paid to third party													2,600,000
Term loan facility, quarterly payments													2,200,000
Write-off unamortized original issue discount													5,459,000
Aggregate principal amount of senior notes																		$ 450,000,000
Long-Term Debt, interest rate																		100.00%
Amortization of deferred financing fees													$ 6,057,000	9,574,000	5,805,000
Deferred financing costs, weighted average amortization period													5 years 9 months 18 days
Capital lease obligations, interest charges													$ 16,652,000
Other Assets
Debt Instrument [Line Items]
Term loan amendment, additional fee				$ 1,600,000									8,600,000
Fiscal Year Ended January 30, 2016
Debt Instrument [Line Items]
Capital lease obligations, interest charges													2,400,000
Fiscal Year Ended January 28, 2017
Debt Instrument [Line Items]
Capital lease obligations, interest charges													2,300,000
Fiscal Year Ended February 3, 2018
Debt Instrument [Line Items]
Capital lease obligations, interest charges													2,400,000
Fiscal Year Ended February 2 ,2019
Debt Instrument [Line Items]
Capital lease obligations, interest charges													2,000,000
Fiscal Year Ended February 1, 2020
Debt Instrument [Line Items]
Capital lease obligations, interest charges													1,900,000
Thereafter
Debt Instrument [Line Items]
Capital lease obligations, interest charges													5,700,000
Long-term Debt
Debt Instrument [Line Items]
Deferred financing cost													16,400,000	30,100,000
Write-off unamortized original issue discount													5,459,000
Amortization of deferred financing fees													6,100,000	9,600,000	5,800,000
Long-term Debt \| Deferred Financing Costs
Debt Instrument [Line Items]
Deferred financing cost													13,700,000
Consulting Services
Debt Instrument [Line Items]
Term loan amendment, additional fee				$ 8,600,000
Term B-3 Loans
Debt Instrument [Line Items]
Repayments on long term debt													33,000,000
Long-Term Debt, payment													27,000,000
Loss on Extinguishment of Debt													(300,000)
Deferred financing cost													200,000
Term loan facility, quarterly payments											$ 3,000,000
Write-off unamortized original issue discount													$ 100,000
Long-Term Debt, maturity date													Aug. 13, 2021
Mandatory quarterly payments due date													Apr. 29, 2017
Holdco notes
Debt Instrument [Line Items]
Aggregate principal amount of senior notes																	$ 350,000,000
Senior notes, issue price																	98.00%
Term B-2 Loans
Debt Instrument [Line Items]
Repayments on long term debt													$ 834,507,000	36,533,000	$ 205,749,000
Holdco Notes
Debt Instrument [Line Items]
Loss on Extinguishment of Debt	$ (4,100,000)	$ (3,600,000)											(14,700,000)
Deferred financing cost	1,000,000	900,000											6,500,000
Aggregate principal amount of senior notes		58,000,000														$ 221,800,000
Redemption premium	1,400,000	1,200,000											4,400,000
Write-off in deferred financing costs	1,700,000	$ 1,500,000											3,800,000
Fourth Amendment
Debt Instrument [Line Items]
Loss on Extinguishment of Debt	(16,400,000)
Deferred financing cost	$ 11,700,000
Line of Credit Facility, maximum consolidated secured leverage ratio	350.00%
Write-off unamortized original issue discount	$ 4,700,000
Fourth Amendment \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of credit facility, basis points	3.25%
Fourth Amendment \| Prime Rate
Debt Instrument [Line Items]
Line of credit facility, basis points	2.25%
Fourth Amendment \| Term B-3 Loans
Debt Instrument [Line Items]
Line of Credit Facility, replaced amount	$ 1,200,000,000
Fourth Amendment \| Term B-2 Loans
Debt Instrument [Line Items]
Line of Credit Facility, amount outstanding	830,600,000
Fourth Amendment \| Before Amendment
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	150,000,000
Fourth Amendment \| After Amendment
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	400,000,000
Third Amendment
Debt Instrument [Line Items]
Line of credit facility, basis points			1.00%
Line of Credit Facility, amount outstanding			$ 871,000,000
Term Loan, interest rate description			BCFWC entered into Amendment No. 3 (Third Amendment) to the Term Loan Credit Agreement, in order to, among other things, reduce the interest rates applicable to the Term Loan Facility by 100 basis points (provided that such interest rates were to be further reduced by 25 basis points if BCFWC's consolidated secured leverage ratio was less than or equal to 2.251) and to reduce the LIBOR floor by 25 basis points.
Third Amendment \| Remainder of Fiscal 2014
Debt Instrument [Line Items]
Line of credit facility, basis points			0.25%
Third Amendment \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of credit facility, basis points			0.25%
ABL Senior Secured Revolving Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	600,000,000												300,000,000
Line of Credit Facility, amount outstanding													$ 63,300,000	0
Loss on Extinguishment of Debt	(200,000)
Long-Term Debt, maturity date													Aug. 13, 2019
Aggregate principal amount of senior notes													$ 600,000,000
Line of Credit Facility, amount available													386,900,000	456,200,000
Line of Credit Facility, Average borrowings													$ 87,700,000	$ 35,400,000
Line of Credit Facility, Average interest rate													1.80%	2.10%
Line of Credit Facility, maximum amount outstanding during period														$ 148,600,000
ABL Senior Secured Revolving Facility \| Amendment of Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 900,000,000
ABL Senior Secured Revolving Facility \| Amendment of Credit Facility \| Minimum
Debt Instrument [Line Items]
Line of Credit Facility, unused loan commitments	0.375%
ABL Senior Secured Revolving Facility \| Amendment of Credit Facility \| Maximum
Debt Instrument [Line Items]
Line of Credit Facility, unused loan commitments	0.25%
ABL Senior Secured Revolving Facility \| Before Amendment \| Amendment of Credit Facility \| Minimum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of credit facility, basis points	1.75%
ABL Senior Secured Revolving Facility \| Before Amendment \| Amendment of Credit Facility \| Maximum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of credit facility, basis points	2.25%
ABL Senior Secured Revolving Facility \| After Amendment \| Amendment of Credit Facility \| Minimum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of credit facility, basis points	1.25%
ABL Senior Secured Revolving Facility \| After Amendment \| Amendment of Credit Facility \| Maximum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of credit facility, basis points	1.50%
Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Borrowing, interest rate													4.25%
Senior Secured Term Loan Facilities \| Adjusted London Interbank Offered Rate
Debt Instrument [Line Items]
Line of credit facility, basis points													1.00%
Senior Secured Term Loan Facilities \| Federal Funds Rate
Debt Instrument [Line Items]
Line of credit facility, basis points													0.50%
Senior Secured Term Loan Facilities \| One Month Adjusted London Interbank Offered Rate
Debt Instrument [Line Items]
Line of credit facility, basis points													1.00%
2019 Senior Notes
Debt Instrument [Line Items]
Loss on Extinguishment of Debt	$ (49,600,000)
Redemption premium	43,700,000
Write-off in deferred financing costs	$ 5,900,000
Term Loan Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity																		$ 1,000,000,000
Line of credit facility, basis points						0.50%
Loss on Extinguishment of Debt							$ (100,000)						$ (600,000)
Term Loan Facility \| Long-term Debt
Debt Instrument [Line Items]
Write-off in deferred financing costs													$ 21,300,000
Term B-1 Loans
Debt Instrument [Line Items]
Line of Credit Facility, amount outstanding						$ 950,500,000
Repayments on long term debt						$ 119,300,000

Amortization Expense Related to Deferred Financing Fees (Detail) - Deferred Financing Costs $ in Thousands	Jan. 31, 2015 USD ($)
Debt Instrument [Line Items]
2015	$ 2,933
2016	2,933
2017	2,986
2018	2,915
2019	2,264
Thereafter	2,357
Net Amount	$ 16,388

Maturities of Long-Term Debt and Capital Lease Obligations (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Long Term Debt Maturities Repayments Of Principal [Line Items]
2015	$ 1,167
2016	1,263
2017	10,624
2018	13,895
2019	77,439
Thereafter	1,151,514
Total	1,255,902
Less: Unamortized Discount	(5,459)
Total	1,250,443
Less: Current Portion	(1,167)	$ (59,026)
Long Term Debt	1,249,276	$ 1,369,159
Long-term Debt
Long Term Debt Maturities Repayments Of Principal [Line Items]
2017	9,000
2018	12,000
2019	75,300
Thereafter	1,134,000
Total	1,230,300
Less: Unamortized Discount	(5,459)
Total	1,224,841
Long Term Debt	1,224,841
Capital Lease Obligations
Long Term Debt Maturities Repayments Of Principal [Line Items]
2015	1,167
2016	1,263
2017	1,624
2018	1,895
2019	2,139
Thereafter	17,514
Total	25,602
Total	25,602
Less: Current Portion	(1,167)
Long Term Debt	$ 24,435

Derivative Instruments And Hedging Activities - Additional Information (Detail) - Interest Rate Cap	12 Months Ended
	Jan. 31, 2015 USD ($)	Aug. 19, 2014 Derivative
Derivative [Line Items]
Interest rate cap contracts, number \| Derivative		4
Ineffective portion of change in fair value of derivatives	$ 0
Amounts reported in Accumulated Other Comprehensive Loss reclassified to interest expense	0
Amounts reported in Accumulated Other Comprehensive Loss to be reclassified to interest expense, 2015	$ 100,000

Outstanding Interest Rate Derivatives in Qualifying Hedging Relationships (Detail) $ in Millions	12 Months Ended
	Jan. 31, 2015 USD ($) Derivative
Derivatives Not Designated as Hedging Instruments \| Interest Rate Cap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of Instruments \| Derivative	2
Aggregate Notional Principal Amount	$ 900.0
Interest Cap Rate	7.00%
Maturity Date	May 31, 2015
Cash Flow Hedging \| Derivatives Designated as Hedging Instruments \| Interest Rate Cap Contract One
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate Notional Principal Amount	$ 387.5
Interest Cap Rate	3.00%
Effective Date	Aug. 29, 2014
Maturity Date	Feb. 28, 2017
Cash Flow Hedging \| Derivatives Designated as Hedging Instruments \| Interest Rate Cap Contract Two
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate Notional Principal Amount	$ 387.5
Interest Cap Rate	3.00%
Effective Date	Aug. 31, 2014
Maturity Date	Feb. 28, 2017
Cash Flow Hedging \| Derivatives Designated as Hedging Instruments \| Interest Rate Cap Three
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate Notional Principal Amount	$ 340.0
Interest Cap Rate	4.00%
Effective Date	Feb. 28, 2017
Maturity Date	Feb. 28, 2019
Cash Flow Hedging \| Derivatives Designated as Hedging Instruments \| Interest Rate Cap Four
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate Notional Principal Amount	$ 340.0
Interest Cap Rate	4.00%
Effective Date	Feb. 28, 2017
Maturity Date	Feb. 28, 2019

Derivative Instruments and Hedging Activities (Detail) - Interest Rate Cap - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Other Assets
Derivatives, Fair Value [Line Items]
Derivative Designated as Hedging Instruments Interest Rate Cap Contracts, Asset at Fair Value	$ 1,572
Prepaid and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Not Designated as Hedging Instruments Interest Rate Cap Contracts, Asset at Fair Value		$ 1

Amounts of Losses Recognized in Other Comprehensive Loss Net of Taxes and Classifications and Amounts of Losses Reclassified Into Earnings (Detail) - Derivatives Designated as Hedging Instruments - Interest Rate Cap - Interest Expense - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Other Comprehensive Loss Related to Derivatives	$ 1,744
Amount of Loss Reclassified from Other Comprehensive Loss into Earnings Related to Derivatives	$ 0	$ 0	$ 0

Classifications and Amounts Of Losses Recognized Of Derivative Instruments Not Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Derivatives Not Designated as Hedging Instruments \| Interest Rate Cap \| Interest Expense
Derivative [Line Items]
Derivative Not Designated as Hedging Instruments Interest Rate Cap Contracts, (Gain) Loss Recognized	$ 1	$ 68	$ 45

Changes in Accumulated Other Comprehensive Loss (Detail) $ in Thousands	12 Months Ended
	Jan. 31, 2015 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $1.2 million	$ 1,744
Ending Balance	1,744
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $1.2 million	1,744
Ending Balance	$ 1,744

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Changes in Accumulated Other Comprehensive Loss (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Jan. 31, 2015 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized Losses on Interest Rate Cap Contracts, Tax Benefit	$ 1.2
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized Losses on Interest Rate Cap Contracts, Tax Benefit	$ 1.2

Capital Stock - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	May 01, 2013	Feb. 28, 2013	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012	Oct. 02, 2013
Statement Equity Components [Line Items]
Common Stock, Authorized			500,000,000	500,000,000			582,771,244
Common Stock, Par Value			$ 0.0001	$ 0.0001			$ 0.0001
Undesignated preferred stock, Authorized			50,000,000	50,000,000
Common Stock, Issued			75,925,507	74,218,275			588,685,600
Common Stock, Class L, Authorized							5,914,356
Common Stock, Class L, Par Value							$ 0.001
Dividend Entitled			$ 81
Dividend rate			14.50%
Shares Used for Tax Withholdings (in shares)			139,074
Stock acquired, average price per share			$ 28.28
Shares Used for Tax Withholdings			$ 3,933
Common stock dividends declared						$ 300,000
Common stock dividends declared, per share						$ 5.40
Payment of Dividends		$ 336,000		$ 336,000	$ 1,711
Dividends paid, per unit				$ 5.89
Forfeited
Statement Equity Components [Line Items]
Common stock dividends declared						$ 400
Class L Common Stock
Statement Equity Components [Line Items]
Common Stock Distribution			Class L common stock was legally designated as common stock, but was entitled to a priority return preference equal to the sum of (i) $81 per share base amount plus (ii) an amount sufficient to generate an internal rate of return equal to 14.5% per annum (compounded quarterly).
Number of stock in each unit	1					1
Class L Common Stock \| Priority Returns
Statement Equity Components [Line Items]
Dividend Entitled			$ 81
Dividend rate			14.50%
Class A common stock
Statement Equity Components [Line Items]
Number of stock in each unit	99					99

Net Income (Loss) Per Share - Additional Information (Detail) - $ / shares	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Earnings Per Share [Line Items]
Dividend rate	14.50%
Dividend Entitled	$ 81
Stock Option
Earnings Per Share [Line Items]
Options outstanding		3,527,800
Restricted Stock Issuances
Earnings Per Share [Line Items]
Non-vested restricted stock units		81,396
Maximum \| Stock Option
Earnings Per Share [Line Items]
Awards excluded from diluted earnings per share	100,000
Maximum \| Restricted Stock Issuances
Earnings Per Share [Line Items]
Awards excluded from diluted earnings per share	100,000
Class L Common Stock
Earnings Per Share [Line Items]
Options outstanding			255,457
Class A common stock
Earnings Per Share [Line Items]
Options outstanding			25,290,243
Restricted Stock Units (RSUs) \| Class L Common Stock
Earnings Per Share [Line Items]
Non-vested restricted stock units			5,000
Restricted Stock Units (RSUs) \| Class A common stock
Earnings Per Share [Line Items]
Non-vested restricted stock units			495,000

Computation of Basic and Diluted per Common Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2015

^[1],[2]

Nov. 01, 2014

^[1],[2]

Aug. 02, 2014

^[1],[2]

May 03, 2014

^[1],[2]

Feb. 01, 2014

Nov. 02, 2013

Aug. 03, 2013

May 04, 2013

Jan. 31, 2015

Feb. 01, 2014

Feb. 02, 2013

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Net Income

$ 94,865

$ (34,214)

$ (6,470)

$ 11,774

$ 63,584

$ (16,857)

$ (25,014)

$ (5,563)

$ 65,955

$ 16,150

$ 25,301

Class L Preference Amount

(111,282)

(146,923)

Net Income (Loss) Attributable to Common Stockholders

65,955

(95,132)

(121,622)

Allocation of Net Income (Loss) to Common Stockholders-Basic

$ 65,955

$ (95,132)

$ (121,622)

Net Income (Loss) Per Share-Basic

$ 0.89

$ (0.26)

$ (0.24)

Allocation of Net Income (Loss) to Common Stockholders (Basic and Diluted)

$ 65,955

$ (95,132)

$ (121,622)

Allocation of Net Loss to Common Stockholders

$ 65,955

$ (144,392)

$ (134,086)

Net Income (Loss) Per Share-Diluted

$ 0.87

$ (0.39)

$ (0.27)

Weighted Average Number of Shares-Basic

74,101

369,567

505,802

Weighted Average Number of Shares-Basic and Diluted

75,865

370,040

505,802

Class L Common Stock

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Allocation of Net Income (Loss) to Common Stockholders-Basic

$ 111,282

$ 146,923

Net Income (Loss) Per Share-Basic

$ 8.04

^[3],[4]

$ 8.01

^[3],[4]

$ 7.91

^[3],[4]

$ 31.93

$ 28.76

Allocation of Net Income (Loss) to Common Stockholders (Basic and Diluted)

$ (49,260)

$ (12,464)

Net Income (Loss) Per Share-Diluted

$ 8.04

^[3],[4]

$ 8.01

^[3],[4]

$ 7.91

^[3],[4]

$ 31.93

$ 28.76

Weighted Average Number of Shares-Basic

3,485

5,109

Weighted Average Number of Shares-Basic and Diluted

3,485

5,109

[1]	Net Income for the quarter ended January 31, 2015 includes $9.3 million of charges for Song Beverly litigation as further described in Footnote 17, "Commitments and Contingencies."
[2]	Net Loss for the quarter ended November 1, 2014 includes a loss of $70.3 million from the extinguishment of debt. Refer to Note 7, "Long Term Debt," for additional details.
[3]	All per share amounts have been adjusted for the 11-for-1 stock split effective immediately prior to the Company's initial public offering, which was completed on October 7, 2013.
[4]	Quarterly EPS results may not equal full year amounts due to rounding.

Changes in Class L Common Stock (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013
Temporary Equity [Line Items]
Issuance of Class L Common Stock	$ 236,920
Accretion of Class L Preferred Return	104,859	$ 141,571
Class L Common Stock
Temporary Equity [Line Items]
Beginning Balance	$ 1,029,189
Beginning Balance (in shares)	5,183,506
Issuance of Class L Common Stock (in shares)	117,588
Issuance of Class L Common Stock	$ 2,531
Issuance/Forfeiture of Restricted Shares and Compensation, Shares	0
Issuance/Forfeiture of Restricted Shares and Compensation	$ 61
Repurchase of Class L Common Stock, shares	0
Repurchase of Class L Common Stock	$ 0
Dividend	(33,600)
Accretion of Class L Preferred Return	$ 104,859
Other (in shares)	(1,167)
Other	$ (21)
Conversion of Class L Stock to Common Stock	$ (1,103,019)
Conversion of Class L Stock to Common Stock, Shares	(5,299,927)
Ending Balance		$ 1,029,189
Ending Balance (in shares)		5,183,506

Stock-Based Compensation - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Thousands

1 Months Ended

4 Months Ended

5 Months Ended

12 Months Ended

May 01, 2013

May 31, 2013

Feb. 28, 2013

Feb. 28, 2011

Feb. 01, 2014

May 17, 2012

Oct. 17, 2013

Jan. 31, 2015

Feb. 01, 2014

May 17, 2013

Feb. 02, 2013

Jan. 28, 2012

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

$ 29.20

Option granted

137,738

Options granted, percentage vested

40.00%

Service-based awards grated subsequent to offering vesting percentage on each of the first four anniversaries of the grant date

25.00%

Payment of Dividends

$ 336,000

$ 1,711

Incremental compensation expense from modification

$ 2,900

10,400

Non-cash stock compensation expense

^[1]

$ 6,264

$ 10,203

2,747

Options outstanding

4,619,323

3,218,845

4,619,323

Share based compensation option aggregate intrinsic value options outstanding

$ 144,700

2006 Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Common stock, Authorized for issuance

10,125,258

Unexercised vested options, exercisable period

60 days

2013 Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Common stock, Authorized for issuance

6,000,000

Scenario, Forecast

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Incremental compensation expense from modification

$ 2,700

One Time Grant | 2006 Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Option granted

1,595,000

Options granted, percentage vested

20.00%

Options vesting period

2 years

Employee Stock Option

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options outstanding

3,218,845

Unearned non-cash stock-based option compensation

$ 11,400

Expected incremental compensation associated with the modification

$ 2,700

Unearned non-cash stock-based compensation expected to recognize as expense over period

4 years 2 months 12 days

Service-based awards, service period

The service-based awards are expensed on a straight-line basis over the requisite service period.

Outstanding options to purchase shares of common stock, vested

502,362

Employee Stock Option | 2013 Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options outstanding

Restricted Stock Issuances

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Non-cash stock compensation expense

^[2]

$ 1,090

$ 143

$ 487

Unearned non-cash stock-based compensation expected to recognize as expense over period

3 years 8 months 12 days

Restricted stock, granted

346,873

26,396

5,000

Percentage of shares vested if change in control

100.00%

Unearned non-cash stock-based compensation

$ 13,800

Cash

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Incremental compensation expense from modification

600

Cash | Scenario, Forecast

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Incremental compensation expense from modification

$ 400

Stock Options, Vesting

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock option modification payable

$ 4,300

Maximum | Restricted Stock Issuances

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Service-based awards, service period

4 years

Minimum | Restricted Stock Issuances

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Service-based awards, service period

3 years

Exercise Price 1

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

$ 4.55

Exercise Price 1 | Scenario, Previously Reported

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

$ 2.78

Exercise Price 1 | Maximum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

1.65

Exercise Price 1 | Minimum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

0.79

Exercise Price 2

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

0.79

$ 10.91

Exercise Price 2 | Scenario, Previously Reported

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

4.55

Exercise Price 3

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

$ 5.91

Exercise Price 3 | Scenario, Previously Reported

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

5.91

Exercise Price 3 | Maximum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

0.94

Exercise Price 3 | Minimum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

0.79

Exercise Price 4

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

$ 26.96

Exercise Price 4 | Scenario, Previously Reported

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

10.91

Exercise Price 4 | Maximum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

5.02

Exercise Price 4 | Minimum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

3.17

Exercise Price 5 | Scenario, Previously Reported

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

10.96

Exercise Price 5 | Maximum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

5.07

$ 27.40

Exercise Price 5 | Minimum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted, exercise prices

$ 3.17

$ 38.66

Exercise price 11

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options outstanding exercise price

$ 8.18

Exercise price 11 | Decrease

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options outstanding exercise price

2.78

Exercise Price 12

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options outstanding exercise price

16.36

Exercise Price 12 | Decrease

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options outstanding exercise price

$ 10.96

Class A common stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of stock in each unit

Class L Common Stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of stock in each unit

[1]	The tax benefit related to the Company's non-cash stock compensation was $2.3 million, $5.1 million and $1.0 million during Fiscal 2014, Fiscal 2013 and Fiscal 2012 respectively.
[2]	Included in the line item "Selling, General and Administrative Expenses" in the Company's Consolidated Statements of Operations.

Non-Cash Stock Compensation Expense (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2015

Feb. 01, 2014

Feb. 02, 2013

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Non-Cash Stock Compensation

^[1]

$ 6,264

$ 10,203

$ 2,747

Stock Option Modification

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Non-Cash Stock Compensation

^[2]

2,319

6,089

Stock Options Granted

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Non-Cash Stock Compensation

^[3]

2,855

3,971

2,260

Restricted Stock Issuances

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Non-Cash Stock Compensation

^[3]

$ 1,090

$ 143

$ 487

[1]	The tax benefit related to the Company's non-cash stock compensation was $2.3 million, $5.1 million and $1.0 million during Fiscal 2014, Fiscal 2013 and Fiscal 2012 respectively.
[2]	Represents non-cash compensation related to the modification of outstanding stock options granted under the 2006 Plan during Fiscal 2013 which is included in the line item "Stock Option Modification Expense" in the Company's Consolidated Statements of Operations.
[3]	Included in the line item "Selling, General and Administrative Expenses" in the Company's Consolidated Statements of Operations.

Non-Cash Stock Compensation Expense (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Non-Cash Stock Compensation tax benefit	$ 2.3	$ 5.1	$ 1.0

Stock Option Transactions (Detail)

12 Months Ended

Jan. 31, 2015

$ / shares

Number of Units

Options Outstanding at Beginning of Period | shares

4,619,323

Options Issued | shares

137,738

Options Exercised | shares

(1,362,066)

^[1]

Options Forfeited | shares

(176,150)

Options Outstanding at End of Period | shares

3,218,845

Weighted Average Exercise Price Per Unit

Options Outstanding at Beginning of Period | $ / shares

$ 3.25

Options Issued | $ / shares

29.20

Options Exercised | $ / shares

1.85

^[1]

Options Forfeited | $ / shares

3.79

Options Outstanding at End of Period | $ / shares

$ 4.93

[1]	Options exercised during Fiscal 2014 had a total intrinsic value of $48.1 million.

Stock Option Transactions (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Jan. 31, 2015 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation option exercised total intrinsic value	$ 48.1

Information about Options to Purchase Shares (Detail) - $ / shares	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price, average	$ 29.20
Options Outstanding, Number Outstanding	3,218,845	4,619,323
Options Exercisable Number Exercisable	502,362
Exercise prices $0.79 - $0.94
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price lower range	$ 0.79
Options, Exercise price upper range	$ 0.94
Options Outstanding, Number Outstanding	810,617
Options Outstanding Weighted Average Remaining Contractual Life (Years)	6 years 4 months 24 days
Options Exercisable Number Exercisable	273,912
Options Exercisable Weighted Average Remaining Contractual Life (Years)	5 years 8 months 12 days
Exercise price $3.17
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price, average	$ 3.17
Options Outstanding, Number Outstanding	260,262
Options Outstanding Weighted Average Remaining Contractual Life (Years)	6 years
Options Exercisable Number Exercisable	124,065
Options Exercisable Weighted Average Remaining Contractual Life (Years)	5 years 1 month 6 days
Exercise prices $4.55 - $5.07
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price lower range	$ 4.55
Options, Exercise price upper range	$ 5.07
Options Outstanding, Number Outstanding	1,960,401
Options Outstanding Weighted Average Remaining Contractual Life (Years)	8 years 2 months 12 days
Options Exercisable Number Exercisable	93,347
Options Exercisable Weighted Average Remaining Contractual Life (Years)	6 years 1 month 6 days
Exercise price $26.96
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price, average	$ 26.96
Options Outstanding, Number Outstanding	50,613
Options Outstanding Weighted Average Remaining Contractual Life (Years)	9 years
Options Exercisable Number Exercisable	11,038
Options Exercisable Weighted Average Remaining Contractual Life (Years)	9 years
Exercise prices $27. 40- $38.66
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price lower range	$ 27.40
Options, Exercise price upper range	$ 38.66
Options Outstanding, Number Outstanding	136,952
Options Outstanding Weighted Average Remaining Contractual Life (Years)	9 years 3 months 18 days

Stock Options Vested and Expected to Vest (Detail) $ / shares in Units, $ in Millions	12 Months Ended
	Jan. 31, 2015 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vested and expected to vest \| shares	3,080,511
Weighted Average Remaining Contractual Life (Years)	7 years 7 months 6 days
Weighted Average Exercise Price \| $ / shares	$ 4.85
Aggregate Intrinsic Value \| $	$ 138.8

Weighted Average Assumptions Used to Estimate Fair Value of Stock Option (Detail) - $ / shares	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Share based Compensation Arrangement Assumptions Used to Estimate Fair Values of Share Options Granted [Line Items]
Risk-Free Interest Rate, minimum	2.09%	1.70%	1.00%
Risk-Free Interest Rate, maximum	2.11%	2.09%	1.30%
Expected Volatility			35.00%
Expected Life (years)	6 years 3 months		6 years 7 months 6 days
Contractual Life (years)	10 years	10 years	10 years
Expected Dividend Yield	0.00%	0.00%	0.00%
Weighted Average Grant Date Fair Value of Options Issued	$ 13.16	$ 5.78	$ 3.88
Minimum
Share based Compensation Arrangement Assumptions Used to Estimate Fair Values of Share Options Granted [Line Items]
Expected Volatility	38.00%	36.80%
Expected Life (years)		6 years 3 months
Maximum
Share based Compensation Arrangement Assumptions Used to Estimate Fair Values of Share Options Granted [Line Items]
Expected Volatility	44.00%	38.00%
Expected Life (years)		7 years 4 months 24 days

Award Grant, Vested and Forfeiture Transactions (Detail) - Non Vested Restricted Stock	12 Months Ended
	Jan. 31, 2015 $ / shares shares
Number of Awards
Non-Vested Awards Outstanding at Beginning of Period \| shares	81,396
Awards Granted \| shares	346,873
Awards Vested \| shares	(34,384)
Awards Cancelled \| shares	(1,707)
Non-Vested Awards Outstanding at End of Period \| shares	392,178
Weighted Average Grant Date Fair Value Per Awards
Non-Vested Awards Outstanding at Beginning of Period \| $ / shares	$ 12.58
Awards Granted \| $ / shares	41.76
Awards Vested \| $ / shares	9.91
Awards Cancelled \| $ / shares	27.40
Non-Vested Awards Outstanding at End of Period \| $ / shares	$ 38.56

Lease Commitments - Additional Information (Detail) $ in Millions	12 Months Ended
	Jan. 31, 2015 USD ($)
Leases Disclosure [Line Items]
Operating and capital leases, expiration period	30 years
Future minimum sublease rental income	$ 37.7

Future Minimum Lease Payments (Detail)
$ in Thousands

Jan. 31, 2015

USD ($)

Operating Leases

2015

$ 278,044

^[1]

2016

287,610

^[1]

2017

270,207

^[1]

2018

242,189

^[1]

2019

192,800

^[1]

Thereafter

808,775

^[1]

Total Minimum Lease Payments

2,079,625

^[1]

Capital Leases

3,447

3,442

3,948

3,937

3,994

23,486

Total Minimum Lease Payments

42,254

Amount Representing Interest

(16,652)

Total Future Minimum Lease Payments

$ 25,602

[1]	Total future minimum lease payments include $75.4 million related to options to extend lease terms that are reasonably assured of being exercised and also includes $204.0 million of minimum lease payments for 19 stores and one warehouse that the Company has committed to open or relocate.

Future Minimum Lease Payments (Parenthetical) (Detail)
$ in Thousands

Jan. 31, 2015

USD ($)

Store

Warehouse

Future Minimum Payments Receivable [Line Items]

Total Future Minimum Lease Payments

$ 2,079,625

^[1]

Stores committed to be opened during Fiscal 2014 | Store

Warehouses committed to be opened during Fiscal 2014 | Warehouse

Lease Agreements

Future Minimum Payments Receivable [Line Items]

Total Future Minimum Lease Payments

$ 75,400

New Stores

Future Minimum Payments Receivable [Line Items]

Total Future Minimum Lease Payments

$ 204,000

[1]	Total future minimum lease payments include $75.4 million related to options to extend lease terms that are reasonably assured of being exercised and also includes $204.0 million of minimum lease payments for 19 stores and one warehouse that the Company has committed to open or relocate.

Net Rent Expense (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2015

Feb. 01, 2014

Feb. 02, 2013

Rent Expense:

Minimum Rental Payments

$ 266,318

$ 239,049

$ 219,982

Contingent Rental Payments

3,913

3,614

3,056

Straight-Line Rent Expense

4,001

8,182

12,115

Lease Incentives Amortization

(25,369)

(21,557)

(18,590)

Amortization of Purchased Lease Rights

684

958

1,033

Total Rent Expense

^[1]

249,547

230,246

217,596

Less All Rental Income

^[2]

(19,663)

(19,613)

(19,721)

Total Net Rent Expense

$ 229,884

$ 210,633

$ 197,875

[1]	Included in the line item "Selling, General and Administrative Expenses" in the Company's Consolidated Statements of Operations.
[2]	Included in the line item "Other Revenue" in the Company's Consolidated Statements of Operations.

- Definition

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

+ References + Details

Employee Retirement Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
401(k) Plan Match Expense	$ 5.9	$ 5.1	$ 4.3

Earnings Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Components Of Earnings Loss Before Income Taxes [Line Items]
Domestic	$ 113,955	$ 40,246	$ 33,625
Foreign	(8,919)	(7,888)	(4,460)
Income Before Income Tax Expense	$ 105,036	$ 32,358	$ 29,165

Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
Income Tax Expense (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Current:
Federal	$ 57,123	$ 29,794	$ 13,813
State	12,898	4,036	(3,704)
Foreign		351	291
Subtotal	70,021	34,181	10,400
Deferred:
Federal	(25,777)	(17,045)	(3,386)
State	(5,163)	(928)	(3,519)
Foreign			369
Subtotal	(30,940)	(17,973)	(6,536)
Total Income Tax Expense	$ 39,081	$ 16,208	$ 3,864

Tax Rate Reconciliations (Detail)	12 Months Ended
Tax Rate Reconciliations (Detail)	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Schedule of Effective Tax Rate Reconciliation [Line Items]
Tax at Statutory Rate (%)	35.00%	35.00%	35.00%
State Income Taxes, net of Federal	4.10%	8.40%	5.80%
Change in Valuation Allowance	1.50%	4.90%	1.80%
Permanent Items	0.90%	0.60%	(1.40%)
Tax Credits	(3.40%)	(7.70%)	(11.70%)
Tax Reserves	(1.60%)	2.10%	(14.10%)
Deferred Tax Asset - Stock Compensation		8.30%
Impact of Change in State Tax Laws and Rates	0.70%	2.80%	(2.10%)
Foreign Taxes	(1.10%)	(3.80%)	(1.20%)
Other	1.10%	(0.50%)	1.20%
Effective Tax Rate (%)	37.20%	50.10%	13.30%

Tax Effects of Temporary Differences Included in Deferred Tax Accounts (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Current Deferred Tax Assets and Liabilities:
Compensated Absences	$ 962	$ 646
Inventory Costs and Reserves Capitalized for Tax Purposes	12,726	5,392
Sales Return Reserves	3,632	2,831
Reserves	5,043	515
Deferred Revenue	1,680	1,428
Valuation Allowance	(1,603)	(110)
Total Current Deferred Tax Assets and Liabilities	48,791	32,524
Non-Current Deferred Tax Assets and Liabilities:
Deferred Rent	33,803	31,809
State Net Operating Losses (net of Federal Benefit)	9,132	9,095
Landlord Allowances	35,335	32,747
State Credits	3,787	2,173
Federal and Puerto Rico Tax Credits	1,261	1,612
Valuation Allowance	(9,050)	(8,998)
Total Non-Current Deferred Tax Assets and Liabilities	103,840	93,539
Current Deferred Tax Assets and Liabilities:
Prepaid and Other Items	11,562	19,049
Total Current Deferred Tax Assets and Liabilities	11,562	19,049
Non-Current Deferred Tax Assets and Liabilities:
Property and Equipment Basis Adjustments	141,042	128,657
Total Non-Current Deferred Tax Assets and Liabilities	338,200	336,247
Net Deferred Tax Liability	197,131	229,233
Deferred Tax Assets Current
Current Deferred Tax Assets and Liabilities:
Insurance Reserves	8,790	8,085
Employee Benefit Accrual	17,170	13,210
Other	391	527
Non-Current Deferred Tax Assets and Liabilities:
Insurance Reserves	8,790	8,085
Employee Benefit Compensation	17,170	13,210
Other	391	527
Deferred Tax Assets Noncurrent
Current Deferred Tax Assets and Liabilities:
Insurance Reserves	14,196	13,217
Employee Benefit Accrual	4,661	4,838
Other	4,275
Non-Current Deferred Tax Assets and Liabilities:
Insurance Reserves	14,196	13,217
Employee Benefit Compensation	4,661	4,838
Prepaid Items Taxable for Tax Purposes	2,694	3,508
Accrued Interest	3,746	3,538
Other	4,275
Long Lived Assets
Non-Current Deferred Tax Assets and Liabilities:
Intangible Assets	103,184	113,089
Indefinite Lived Assets
Non-Current Deferred Tax Assets and Liabilities:
Intangible Assets	$ 93,974	$ 93,618

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014
Income Tax Disclosure [Line Items]
Deferred tax asset for net operating loss	$ 9,132	$ 9,095
Unrecognized benefits	11,700	15,300
Unrecognized benefits, affect effective tax rate	5,800	6,000
Unrecognized benefits, interest and penalties	400	1,300
Unrecognized benefits, interest and penalties	$ 12,100	11,700
Minimum \| IRS
Income Tax Disclosure [Line Items]
Income tax year open to examination	2012
Maximum \| IRS
Income Tax Disclosure [Line Items]
Income tax year open to examination	2014
State
Income Tax Disclosure [Line Items]
Net operating losses carried forward	$ 134,800
Deferred tax asset for net operating loss	7,400
Tax credit carryforwards	$ 3,800
Tax credit expiration period	2023
Valuation allowances	$ 5,600
Full valuation allowance	$ 500
State \| Minimum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2012
State \| Maximum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2032
Puerto Rico
Income Tax Disclosure [Line Items]
Net operating losses carried forward	$ 6,600
Deferred tax asset for net operating loss	1,700
Amount of alternative minimum tax credits	$ 1,200
Alternative minimum tax credits, expiration life	Indefinite life
Valuation allowances	$ 4,500
Valuation allowance increased amount	$ 1,600	$ 1,200
Puerto Rico \| Minimum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2019
State and Puerto Rico \| Minimum \| IRS
Income Tax Disclosure [Line Items]
Income tax year open to examination	2009
State and Puerto Rico \| Maximum \| IRS
Income Tax Disclosure [Line Items]
Income tax year open to examination	2014

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Schedule of Unrecognized Tax Benefits [Line Items]
Ending balance at beginning of period	$ 15,272	$ 16,924	$ 22,149
Additions for Tax Positions of the Current Year	44
Additions for Tax Positions of Prior Years	252
Reduction for Tax Positions of Prior Years	(1,524)	(1,524)	(5,225)
Settlements	0	0	0
Lapse of Statute of Limitations	(2,314)	(128)
Ending balance at beginning of period	$ 11,730	$ 15,272	$ 16,924

Fair Values of Financial Assets and Hierarchy of Level of Inputs (Detail) - USD ($)
$ in Thousands

Jan. 31, 2015

Feb. 01, 2014

Fair Value, Inputs, Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash Equivalents (Including Restricted Cash)

$ 28,094

$ 32,324

Fair Value, Inputs, Level 2 | Interest Rate Cap

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Cap Contracts

^[1]

$ 1,572

$ 1

[1]	Included in "Other Assets" within the Company's Consolidated Balance Sheets. Refer to Note 8, "Derivative Instruments and Hedging Activities," for further discussion regarding the Company's interest rate cap contracts.

Fair Values of Financial Liabilities (Detail) - USD ($)
$ in Thousands

Jan. 31, 2015

Feb. 01, 2014

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

$ 1,224,841

$ 1,404,986

Long-Term Debt, Fair Value

^[1]

1,213,710

1,466,061

Senior Secured Term Loans | Term B-3 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

1,161,541

Long-Term Debt, Fair Value

^[1]

1,150,410

Senior Secured Term Loans | Term B-2 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

828,839

Long-Term Debt, Fair Value

^[1]

836,091

2019 Senior Notes

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

450,000

Long-Term Debt, Fair Value

^[1]

501,458

2018 Senior Notes

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

126,147

Long-Term Debt, Fair Value

^[1]

$ 128,512

ABL Senior Secured Revolving Facility

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

63,300

Long-Term Debt, Fair Value

^[1]

$ 63,300

[1]	Capital lease obligations are excluded from the table above.

Fair Values of Financial Liabilities (Parenthetical) (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2015

Feb. 01, 2014

Feb. 24, 2011

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, face amount

$ 450,000

Long-Term Debt, interest rate

100.00%

Term B-3 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, maturity date

Aug. 13, 2021

Senior Secured Term Loans | Term B-3 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, maturity date

^[1]

Aug. 13, 2021

Long-Term Debt, face amount

^[1]

$ 1,200,000

Senior Secured Term Loans | Term B-3 Loans | London Interbank Offered Rate Floor

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

^[1]

1.00%

Senior Secured Term Loans | Term B-3 Loans | London Interbank Offered Rate (LIBOR)

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

^[1]

3.25%

Senior Secured Term Loans | Term B-2 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, face amount

^[1]

$ 1,000,000

Long-Term Debt, redemption date

^[1]

Aug. 13, 2014

Senior Secured Term Loans | Term B-2 Loans | London Interbank Offered Rate Floor

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

^[1]

1.00%

Senior Secured Term Loans | Term B-2 Loans | London Interbank Offered Rate (LIBOR)

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

^[1]

3.25%

Senior Notes, 10%, redeemed on August 13, 2014

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, face amount

$ 450,000

^[1]

$ 450,000

Long-Term Debt, interest rate

10.00%

^[1]

10.00%

Long-Term Debt, redemption date

Aug. 13, 2014

^[1]

Aug. 13, 2014

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, face amount

$ 350,000

^[1]

$ 350,000

Long-Term Debt, redemption date

Aug. 13, 2014

^[1]

Aug. 13, 2014

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014 | Interest Rate Cap Contract One

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

9.00%

^[1]

9.00%

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014 | Interest Rate Cap Contract Two

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

9.75%

^[1]

9.75%

ABL Senior Secured Revolving Facility

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, face amount

^[1]

$ 600,000

Long-Term Debt, expiration date

^[1]

Aug. 13, 2019

[1]	Capital lease obligations are excluded from the table above.

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	Jan. 31, 2015	Feb. 01, 2014	Nov. 30, 2005
Commitments and Contingencies Disclosure [Line Items]
Accruals relating to legal claims	$ 12.9	$ 1.3
Letters of credit, outstanding amount	48.1	43.9
Purchase commitments related to goods or services	652.8
Death benefits			$ 1.0
Guarantee Performance Under Insurance And Utility Agreement
Commitments and Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	33.4	28.8
Merchandising Agreement
Commitments and Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	14.7	15.1
Letter of Credit
Commitments and Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	$ 386.9	$ 456.2

Related Party - Additional Information (Detail) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
	Oct. 02, 2013	Apr. 30, 2006	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Related Party Transaction [Line Items]
Advisory agreement initial term			10 years
Advisory agreement termination date			Oct. 02, 2013
Termination of Advisory Agreement fees	$ 10.1
Advisory agreement, fee as a percentage of financing, acquisition, disposition or change of control		1.00%
Advisory agreement term extension			1 year
Quarterly Payment
Related Party Transaction [Line Items]
Advisory agreement, periodic fee payment		$ 1.0
Fees paid				$ 2.9	$ 4.3
Reimbursement for out-of-pocket fees and expenses
Related Party Transaction [Line Items]
Fees paid			$ 0.2

Quarterly Result (Detail) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2015

Nov. 01, 2014

Aug. 02, 2014

May 03, 2014

Feb. 01, 2014

Nov. 02, 2013

Aug. 03, 2013

May 04, 2013

Jan. 31, 2015

Feb. 01, 2014

Feb. 02, 2013

Condensed Income Statements, Captions [Line Items]

Net Sales

$ 1,485,362

$ 1,157,292

$ 1,043,581

$ 1,128,269

$ 1,334,277

$ 1,064,502

$ 963,711

$ 1,065,013

$ 4,814,504

$ 4,427,503

$ 4,131,379

Gross Margin

^[2]

626,621

^[1]

458,702

^[1]

398,554

^[1]

429,808

^[1]

555,929

414,865

363,391

397,361

Net Income (Loss)

$ 94,865

^[3],[4]

$ (34,214)

^[3],[4]

$ (6,470)

^[3],[4]

$ 11,774

^[3],[4]

$ 63,584

$ (16,857)

$ (25,014)

$ (5,563)

$ 65,955

$ 16,150

$ 25,301

Net Income (Loss) Per Share-Basic:

Net Income (Loss) Per Share-Basic

$ 0.89

$ (0.26)

$ (0.24)

Net Income (Loss) Per Share-Diluted:

Net Income (Loss) Per Share-Diluted

$ 0.87

(0.39)

(0.27)

Class L Common Stock

Net Income (Loss) Per Share-Basic:

Net Income (Loss) Per Share-Basic

$ 8.04

^[5],[6]

$ 8.01

^[5],[6]

$ 7.91

^[5],[6]

31.93

28.76

Net Income (Loss) Per Share-Diluted:

Net Income (Loss) Per Share-Diluted

8.04

^[5],[6]

8.01

^[5],[6]

7.91

^[5],[6]

$ 31.93

$ 28.76

Common Stock

Net Income (Loss) Per Share-Basic:

Net Income (Loss) Per Share-Basic

^[6]

$ 1.27

$ (0.46)

$ (0.09)

$ 0.16

$ 0.86

^[5]

(0.12)

^[5]

(0.13)

^[5]

(0.09)

^[5]

Net Income (Loss) Per Share-Diluted:

Net Income (Loss) Per Share-Diluted

^[6]

$ 1.24

$ (0.46)

$ (0.09)

$ 0.16

$ 0.84

^[5]

$ (0.12)

^[5]

$ (0.22)

^[5]

$ (0.09)

^[5]

[1]	Gross margin for the quarterly periods ended January 31, 2015 and February 1, 2014 are inclusive of inventory shrinkage adjustments of $10.0 million and $3.8 million, respectively, as a result of actual shrink being less than what the Company had estimated.
[2]	Gross margin is equal to net sales less cost of sales.
[3]	Net Income for the quarter ended January 31, 2015 includes $9.3 million of charges for Song Beverly litigation as further described in Footnote 17, "Commitments and Contingencies."
[4]	Net Loss for the quarter ended November 1, 2014 includes a loss of $70.3 million from the extinguishment of debt. Refer to Note 7, "Long Term Debt," for additional details.
[5]	All per share amounts have been adjusted for the 11-for-1 stock split effective immediately prior to the Company's initial public offering, which was completed on October 7, 2013.
[6]	Quarterly EPS results may not equal full year amounts due to rounding.

Quarterly Result (Parenthetical) (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2014	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Condensed Income Statements, Captions [Line Items]
Inventory shrinkage adjustment			$ 10,000	$ 3,800
Loss from Extinguishment of Debt	$ (800)	$ (70,300)	(74,347)	(16,094)	$ (2,222)
Reserves relating to legal claims			12,900	$ 1,300
Song Beverly Litigation
Condensed Income Statements, Captions [Line Items]
Reserves relating to legal claims			$ 9,300

Balance Sheets (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
ASSETS:
Current Assets	$ 987,483	$ 1,016,520
Total Assets	2,624,569	2,621,092
Current Liabilities:
Current Liabilities	933,117	903,816
Commitments and Contingencies
Total Stockholders' Deficit	(65,951)	(150,468)	$ (1,109,458)	$ (995,890)
Total Liabilities and Stockholders' Deficit	2,624,569	2,621,092
Parent Company
ASSETS:
Current Assets	1,504	3,523
Total Assets	1,504	3,523
Current Liabilities:
Current Liabilities	0	0
Negative Investment in Subsidiaries	67,455	153,991
Commitments and Contingencies
Common Stock Class L	0	0
Total Stockholders' Deficit	(65,951)	(150,468)
Total Liabilities and Stockholders' Deficit	$ 1,504	$ 3,523

Statements of Operations (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2015

^[1],[2]

Nov. 01, 2014

^[1],[2]

Aug. 02, 2014

^[1],[2]

May 03, 2014

^[1],[2]

Feb. 01, 2014

Nov. 02, 2013

Aug. 03, 2013

May 04, 2013

Jan. 31, 2015

Feb. 01, 2014

Feb. 02, 2013

REVENUES:

Total Revenue

$ 4,849,634

$ 4,461,987

$ 4,165,504

COSTS AND EXPENSES:

Total Costs and Expenses

4,744,598

4,429,629

4,136,339

Income (Loss) Before Provision (Benefit) for Income Tax

105,036

32,358

29,165

Provision (Benefit) for Income Tax

39,081

16,208

3,864

Net Income

$ 94,865

$ (34,214)

$ (6,470)

$ 11,774

$ 63,584

$ (16,857)

$ (25,014)

$ (5,563)

65,955

16,150

25,301

Parent Company

REVENUES:

Total Revenue

COSTS AND EXPENSES:

(Income) Loss from Equity Investment

Total Costs and Expenses

Income (Loss) Before Provision (Benefit) for Income Tax

Provision (Benefit) for Income Tax

Earnings from Equity Investment, Net of Income Taxes

65,955

16,150

25,301

Net Income

$ 65,955

$ 16,150

$ 25,301

[1]	Net Income for the quarter ended January 31, 2015 includes $9.3 million of charges for Song Beverly litigation as further described in Footnote 17, "Commitments and Contingencies."
[2]	Net Loss for the quarter ended November 1, 2014 includes a loss of $70.3 million from the extinguishment of debt. Refer to Note 7, "Long Term Debt," for additional details.

Statements of Cash Flows (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
Statements of Cash Flows (Detail) - USD ($) $ in Thousands	Feb. 28, 2013	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
FINANCING ACTIVITIES:
Proceeds from Initial Public Offering			$ 260,667
Offering Costs			(23,747)
Payment of Dividends	$ (336,000)		(336,000)	$ (1,711)
Purchase of Treasury Shares		$ (3,933)		(7)
Proceeds from Stock Option Exercises		2,514	2,527	2,760
(Decrease) Increase in Cash and Cash Equivalents		(107,635)	89,648	7,672
Cash and Cash Equivalents at Beginning of Period		132,984	43,336	35,664
Cash and Cash Equivalents at End of Period		25,349	132,984	43,336
Parent Company
OPERATING ACTIVITIES:
Net Cash Provided by Operations		0	0	0
INVESTING ACTIVITIES:
Receipt of Dividends		0	0	0
Net Cash Used in Investing Activities		0	0	0
FINANCING ACTIVITIES:
Proceeds from Initial Public Offering			260,667
Offering Costs			(23,747)
Receipt of Dividends			336,000	1,718
Payment of Dividends			(336,000)	(1,711)
Purchase of Treasury Shares		(3,933)		(7)
Intercompany Financing Transactions		(600)	(236,920)	(1,764)
Proceeds from Stock Option Exercises		2,514	2,527	2,760
Net Cash Used in Financing Activities		(2,019)	2,527	996
(Decrease) Increase in Cash and Cash Equivalents		(2,019)	2,527	996
Cash and Cash Equivalents at Beginning of Period		3,523	996
Cash and Cash Equivalents at End of Period		$ 1,504	$ 3,523	$ 996

Condensed Financial Information Registrant - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 28, 2013	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012	Feb. 24, 2011
Condensed Financial Statements, Captions [Line Items]
Payment of Dividends	$ 336,000	$ 336,000	$ 1,711
Common stock dividends declared				$ 300,000
Term Loan Facility
Condensed Financial Statements, Captions [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 1,000,000
Parent Company
Condensed Financial Statements, Captions [Line Items]
Payment of Dividends		336,000	1,711
Common stock dividends declared				300,000
Parent Company \| Term Loan Facility
Condensed Financial Statements, Captions [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,000,000
Parent Company \| Dividend Paid
Condensed Financial Statements, Captions [Line Items]
Payment of Dividends			$ 1,700	$ 300,000

Valuation and Qualifying Accounts and Reserves (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2015

Feb. 01, 2014

Feb. 02, 2013

Allowance for Doubtful Accounts

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at Beginning of Period

$ 109

$ 81

$ 85

Charged to Costs & Expenses

344

304

115

Accounts Written Off Deductions

^[1]

342

276

119

Balance at End of Period

111

109

Sales Reserves

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at Beginning of Period

2,604

2,774

2,303

Charged to Costs & Expenses

(672)

256

(532)

Charged to Other Accounts

^[2]

304,577

295,107

292,558

Accounts Written Off Deductions

^[1]

303,457

295,533

291,555

Balance at End of Period

3,052

2,604

2,774

Valuation allowances on deferred tax assets

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at Beginning of Period

9,108

7,882

7,349

Charged to Other Accounts

^[2]

1,545

1,226

533

Balance at End of Period

$ 10,653

$ 9,108

$ 7,882

[1]	Actual returns and allowances.
[2]	Amounts related to sales reserves are charged to merchandise sales and amounts related to valuation allowances on deferred taxes are charged to income tax expense.