Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Feb. 02, 2019	Mar. 26, 2019	Aug. 04, 2018
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Feb. 02, 2019
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Trading Symbol	TLYS
Entity Registrant Name	TILLY'S, INC.
Entity Central Index Key	0001524025
Current Fiscal Year End Date	--02-02
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 227,376,751
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		21,757,948
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		7,746,108

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Current assets:
Cash and cash equivalents	$ 68,160	$ 53,202
Marketable securities	75,919	82,750
Receivables	6,082	4,352
Merchandise inventories	55,809	53,216
Prepaid expenses and other current assets	11,171	9,534
Total current assets	217,141	203,054
Property and equipment, net	73,842	83,321
Other assets	2,185	3,736
Total assets	293,168	290,111
Current liabilities:
Accounts payable	24,207	21,615
Accrued expenses	18,756	22,731
Deferred revenue	10,373	10,879
Accrued compensation and benefits	8,930	6,119
Dividends payable	29,453	29,067
Current portion of deferred rent	5,540	5,220
Total current liabilities	97,259	95,631
Long-term portion of deferred rent	30,825	31,340
Other	1,757	2,715
Total long-term liabilities	32,582	34,055
Total liabilities	129,841	129,686
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000 shares authorized, no shares issued or outstanding	0	0
Additional paid-in capital	149,737	143,984
Retained earnings	13,335	16,398
Accumulated other comprehensive income	226	14
Total stockholders’ equity	163,327	160,425
Total liabilities and stockholders’ equity	293,168	290,111
Class A Common Stock
Stockholders’ equity:
Common stock	21	15
Class B Common Stock
Stockholders’ equity:
Common stock	$ 8	$ 14

Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 02, 2019	Feb. 03, 2018
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	21,642,000	14,927,000
Common stock, shares outstanding (in shares)	21,642,000	14,927,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	35,000,000	35,000,000
Common stock, shares issued (in shares)	7,844,000	14,188,000
Common stock, shares outstanding (in shares)	7,844,000	14,188,000

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Net sales	$ 598,478	$ 576,899	$ 568,952
Cost of goods sold (includes buying, distribution, and occupancy costs)	417,582	401,529	400,493
Gross profit	180,896	175,370	168,459
Selling, general and administrative expenses	149,416	151,384	149,129
Operating income	31,480	23,986	19,330
Other income, net	2,313	1,223	418
Income before income taxes	33,793	25,209	19,748
Income tax expense	8,850	10,509	8,338
Net income	$ 24,943	$ 14,700	$ 11,410
Weighted average basic shares outstanding (in shares)	29,278	28,804	28,496
Weighted average diluted shares outstanding (in shares)	29,768	29,074	28,529
Class A and Class B common stock
Basic earnings per share (in dollars per share)	$ 0.85	$ 0.51	$ 0.40
Diluted earnings per share (in dollars per share)	$ 0.84	$ 0.51	$ 0.40

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 24,943	$ 14,700	$ 11,410
Other comprehensive income, net of tax:
Net change in unrealized gains on available-for-sale securities	212	(52)	44
Other comprehensive income, net of tax	212	(52)	44
Comprehensive income	$ 25,155	$ 14,648	$ 11,454

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Class A Common Stock	Class A Common Stock Common Stock	Class B Common Stock	Class B Common Stock Common Stock
Beginning Balance (in shares) at Jan. 30, 2016						12,305,000		16,169,000
Beginning Balance at Jan. 30, 2016	$ 173,213	$ 28	$ 133,550	$ 39,613	$ 22
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	11,410			11,410
Shares converted by founders (in shares)						840,000		(840,000)
Stock-based compensation expense	2,572		2,572
Restricted stock (in shares)						74,000
Exercise of stock options (in shares)						215,000
Exercise of stock options	2,080	1	2,079
Taxes paid in lieu of shares issued for share-based compensation	(99)		(99)
Net change in unrealized gain on available-for-sale securities	44				44
Ending Balance (in shares) at Jan. 28, 2017						13,434,000		15,329,000
Ending Balance at Jan. 28, 2017	189,220	29	138,102	51,023	66
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,700			14,700
Dividends declared	(29,067)			(29,067)
Dividends paid	(20,080)			(20,080)
Shares converted by founders (in shares)						1,141,000		(1,141,000)
Stock-based compensation expense	2,411		2,411
Restricted stock (in shares)						44,000
Exercise of stock options (in shares)						308,000
Exercise of stock options	3,394	0	3,394
Taxes paid in lieu of shares issued for share-based compensation	(101)		(101)
Net change in unrealized gain on available-for-sale securities	(52)				(52)
Ending Balance (in shares) at Feb. 03, 2018						14,927,000		14,188,000
Ending Balance at Feb. 03, 2018	160,425	29	143,984	16,398	14
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment from adoption of ASU 2016-09 \| Accounting Standards Update 2016-09			178	(178)
Net income	24,943			24,943
Dividends declared	(29,453)			(29,453)
Shares converted by founders (in shares)							6,344,000		(6,344,000)
Stock-based compensation expense	$ 2,212		2,212
Restricted stock (in shares)							52,000
Exercise of stock options (in shares)	328,625						329,000
Exercise of stock options	$ 3,652		3,652
Taxes paid in lieu of shares issued for share-based compensation (in shares)							(10,000)
Taxes paid in lieu of shares issued for share-based compensation	(111)		(111)
Net change in unrealized gain on available-for-sale securities	212				212
Ending Balance (in shares) at Feb. 02, 2019						21,642,000	21,642,000	7,844,000	7,844,000
Ending Balance at Feb. 02, 2019	163,327	$ 29	$ 149,737	13,335	$ 226
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment from adoption of ASU 2016-09	$ 1,447			$ 1,447

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
Consolidated Statements of Cash Flows $ in Thousands	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Cash flows from operating activities
Net income	$ 24,943	$ 14,700	$ 11,410
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	22,485	23,389	23,266
Share-based compensation expense	2,212	2,411	2,572
Impairment of assets	786	848	2,352
Loss on disposal of assets	30	192	16
Gain on sales and maturities of marketable securities	(1,552)	(782)	(251)
Deferred income taxes	953	2,933	(1,174)
Changes in operating assets and liabilities:
Receivables	(1,730)	(363)	1,395
Merchandise inventories	(2,783)	(5,448)	3,589
Prepaid expenses and other assets	(1,641)	(562)	(449)
Accounts payable	3,195	3,559	1,623
Accrued expenses	(4,438)	(2,732)	6,562
Accrued compensation and benefits	2,811	(1,140)	1,508
Deferred rent	(195)	(4,973)	(5,464)
Deferred revenue	1,667	676	1,554
Net cash provided by operating activities	46,743	32,708	48,509
Cash flows from investing activities
Purchase of property and equipment	(14,923)	(13,753)	(17,047)
Proceeds from sale of property and equipment	3	0	43
Purchases of marketable securities	(136,198)	(152,389)	(99,675)
Proceeds from marketable securities	144,859	125,264	95,021
Net cash used in investing activities	(6,259)	(40,878)	(21,658)
Payments of Dividends	(29,067)	(20,080)	0
Cash flows from financing activities
Proceeds from exercise of stock options	3,652	3,394	2,080
Payment of capital lease obligation	0	(835)	(858)
Taxes paid in lieu of shares issued for share-based compensation	(111)	(101)	(99)
Net cash (used in) provided by financing activities	(25,526)	(17,622)	1,123
Change in cash and cash equivalents	14,958	(25,792)	27,974
Cash and cash equivalents, beginning of period	53,202	78,994	51,020
Cash and cash equivalents, end of period	68,160	53,202	78,994
Supplemental disclosures of cash flow information
Interest paid	11	26	82
Income taxes paid	6,770	11,534	8,806
Supplemental disclosure of non-cash activities
Unpaid purchases of property and equipment	726	4,778	640
Dividends declared	$ 29,453	$ 29,067	$ 0

Description of the Company and Basis of Presentation	12 Months Ended
Description of the Company and Basis of Presentation	Feb. 02, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Company and Basis of Presentation	Description of the Company and Basis of Presentation Tillys is a leading destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls with an extensive selection of iconic global, emerging, and proprietary brands rooted in an active and social lifestyle. Tillys is headquartered in Irvine, California and we operated 229 stores, including four RSQ-branded pop-up stores, in 33 states as of February 2, 2019. Our stores are located in malls, lifestyle centers, ‘power’ centers, community centers, outlet centers and street-front locations. Customers may also shop online, where we feature the same assortment of products as carried in our brick-and-mortar stores, supplemented by additional online-only styles. Our goal is to serve as a destination for the latest, most relevant merchandise and brands important to our customers. The Tillys concept began in 1982 when our co-founders, Hezy Shaked and Tilly Levine, opened their first store in Orange County, California. Since 1984 the business has been conducted through World of Jeans & Tops, a California corporation, or “WOJT”, which operates under the name “Tillys”. In May 2011, Tilly’s, Inc., a Delaware corporation, was formed solely for the purpose of reorganizing the corporate structure of WOJT in preparation for an initial public offering. As part of the initial public offering in May 2012, WOJT became a wholly owned subsidiary of Tilly's, Inc. As used in these Notes to the Consolidated Financial Statements, except where the context otherwise requires or where otherwise indicated, the terms "the Company", "World of Jeans and Tops", "WOJT", "we", "our", "us" and "Tillys" refer to WOJT before our initial public offering, and to Tilly's, Inc. and its subsidiary after our initial public offering. Fiscal Year Our fiscal year ends on the Saturday closest to January 31. Fiscal years 2018, 2017 and 2016 ended on February 2, 2019, February 3, 2018 and January 28, 2017, respectively. Fiscal years 2018 and 2016 each included 52 weeks and fiscal year 2017 included 53 weeks. Segment Reporting Accounting principles generally accepted in the United States (“GAAP”) has established guidance for reporting information about our operating segments, including disclosures related to our products and services, geographic areas and major customers. We identify our operating segments based on how our business is managed and evaluated. Our operating segments have been aggregated into one reportable segment based on the similar nature of products sold, production, merchandising and distribution processes involved, target customers and economic characteristics. All of our identifiable assets are in the United States.

Summary of Significant Accounting Policies

12 Months Ended

Feb. 02, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Cash and Cash Equivalents

We consider all short-term investments with an initial maturity of 90 days or less when purchased to be cash equivalents.

Marketable Securities

Marketable debt securities are classified as available-for-sale and held-to-maturity and are carried at fair value and amortized cost plus accrued income, respectively. Unrealized holding gains and losses, net of income taxes, on available-for-sale debt securities are reflected as a separate component of stockholders’ equity until realized. For the purposes of computing realized and unrealized gains and losses, cost is determined on a specific identification basis. We classify all marketable securities within current assets on our accompanying Consolidated Balance Sheets, including those with maturity dates beyond twelve months, as they are available to support our current operational liquidity needs.

Merchandise Inventories

Merchandise inventories are comprised of finished goods offered for sale at our retail stores and online. Inventories are stated at the lower of cost or net realizable value using the retail inventory method. An initial markup is applied to inventory at cost in order to establish a cost-to-retail ratio. We believe that the retail inventory method approximates cost. Shipping and handling costs for merchandise shipped to customers of $10.8 million, $7.9 million and $8.1 million in fiscal years 2018, 2017 and 2016, respectively, are included in cost of goods sold in the accompanying Consolidated Statements of Income.

We review our inventory levels to identify slow-moving merchandise and generally use markdowns to clear this merchandise. At any given time, merchandise inventories include items that have been marked down to management’s best estimate of their fair market value at retail price, with a proportionate write-down to the cost of the inventory. Our management bases the decision to mark down merchandise primarily upon its current sell-through rate and the age of the item, among other factors. These markdowns may have an adverse impact on earnings, depending on the extent and amount of inventory affected. Markdowns are recorded as an increase to cost of goods sold in the accompanying Consolidated Statements of Income. Total markdowns, including permanent and promotional markdowns, on a cost basis were $49.5 million, $50.0 million and $49.2 million in fiscal years 2018, 2017 and 2016, respectively. In addition, we accrued $0.6 million and $1.1 million for planned but unexecuted markdowns, including markdowns related to slow moving merchandise, as of February 2, 2019 and February 3, 2018, respectively.

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Equipment is depreciated over five to seven years. Furniture and fixtures are depreciated over five years. Computer software is depreciated over three years. Leasehold improvements and the cost of acquiring leasehold rights are amortized over the lesser of the term of the lease or the estimated useful life of the improvement. The cost of assets sold or retired and the related accumulated depreciation is removed from the accounts with any resulting gain or loss included in net income.

Repairs and maintenance costs are charged directly to expense as incurred. Major renewals, replacements and improvements that substantially extend the useful life of an asset are capitalized and depreciated.

Impairment of Long-Lived Assets

Impairments are recorded on long-lived assets used in operations whenever events or changes in circumstances indicate that the net carrying amounts may not be recoverable. Important factors that could result in an impairment review include, but are not limited to, significant under-performance relative to historical or planned operating results, significant changes in the manner of use of the assets or significant changes in business strategies. An evaluation is performed using estimated undiscounted future cash flows from operating activities compared to the carrying value of related assets for the individual stores. If the undiscounted future cash flows are less than the carrying value, an impairment loss is recognized for the difference between the carrying value and the estimated fair value of the assets based on the discounted cash flows of the assets using a rate that approximates the weighted average cost of capital. With regard to retail store assets, which are comprised of leasehold improvements, fixtures and computer hardware and software, we consider the assets at each individual retail store to represent an asset group. In addition, we have considered the relevant valuation techniques that could be applied without undue cost and effort and have determined that the discounted estimated future cash flow approach provides the most relevant and reliable means by which to determine fair value in this circumstance. Refer to "Note 11: Fair Value Measurements", for further information.

Operating Leases

We lease our retail stores under non-cancellable operating leases. Most store leases include tenant allowances from landlords, rent escalation clauses and/or contingent rent provisions. We recognize rent expense on a straight-line basis over the lease term, excluding contingent rent, and record the difference between the amount charged to expense and the rent paid as a deferred rent liability. Contingent rent, determined based on a percentage of sales in excess of specified levels, is recognized as rent expense when the achievement of the specified sales that triggers the contingent rent is probable.

Deferred Rent and Tenant Allowances

Deferred rent is recognized when a lease contains fixed rent escalations. We recognize the related rent expense on a straight-line basis starting from the date of possession and record the difference between the recognized rental expense and cash rent payable as deferred rent. Deferred rent also includes tenant allowances received from landlords in accordance with negotiated lease terms. The tenant allowances are amortized as a reduction to rent expense on a straight-line basis over the term of the lease starting at the date of possession.

Revenue Recognition

Revenue is recognized for store sales when the customer receives and pays for the merchandise at the register, net of estimated returns. Taxes collected from our customers are recorded on a net basis. For e-commerce sales, we recognize revenue, net of sales taxes and estimated sales returns, and the related cost of goods sold at the time the merchandise is shipped to the customer. Prior to the adoption of the new revenue recognition standard in fiscal 2018, we deferred e-commerce revenue for goods that were in-transit to the customer, typically within four days of shipment. Refer to "Accounting Standard Adopted in Fiscal 2018" in this Note 2 to the Consolidated Financial Statements for further information. Amounts related to shipping and handling that are billed to customers are reflected in net sales, and the related costs are reflected in cost of goods sold in the Consolidated Statements of Income. For fiscal years 2018, 2017 and 2016, shipping and handling fee revenue included in net sales was $2.7 million, $3.3 million, and $3.3 million, respectively.

We accrue for estimated sales returns by customers based on historical sales return results. As of February 2, 2019 and February 3, 2018, our reserve for sales returns was $1.4 million and $1.1 million, respectively.

We recognize revenue from gift cards as they are redeemed for merchandise. Prior to redemption, we maintain a current liability for unredeemed gift card balances. The customer liability balance was $8.7 million as of February 2, 2019 and $9.2 million as of February 3, 2018, and is included in deferred revenue on the accompanying Consolidated Balance Sheets. Our gift cards do not have expiration dates and in most cases there is no legal obligation to remit unredeemed gift cards to relevant jurisdictions. Based on actual historical redemption patterns, we determined that a small percentage of gift cards are unlikely to be redeemed (which we refer to as gift card “breakage”). Based on our historical gift card breakage rate, we recognize breakage revenue over the redemption period in proportion to actual gift card redemptions. Prior to adoption of the new revenue standard in fiscal 2018, for fiscal years 2017 and 2016, breakage was recognized two full fiscal years after the gift cards were activated when the probability of redemption was considered remote. Refer to "Accounting Standards Adopted in Fiscal 2018", for further information. Revenue recognized from gift cards was $17.9 million in fiscal 2018, $18.5 million in fiscal 2017 and $20.2 million in fiscal 2016.

The following table summarizes net sales from our retail stores and e-commerce (in thousands):



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Retail stores	$	508,853	$	501,053	$	492,572
E-commerce	89,625		75,846		76,380
Total net sales	$	598,478	$	576,899	$	568,952

The following table summarizes the percent of net sales by department:



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Mens	35	%	35	%	33	%
Womens	25	%	25	%	26	%
Accessories	18	%	19	%	19	%
Footwear	12	%	11	%	11	%
Boys	6	%	6	%	6	%
Girls	4	%	4	%	5	%
Total net sales	100	%	100	%	100	%

The following table summarizes the percent of net sales by third-party and proprietary branded merchandise:



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Third-party	75	%	74	%	72	%
Proprietary	25	%	26	%	28	%
Total net sales	100	%	100	%	100	%

Loyalty Program

We have a customer loyalty program where customers accumulate points based on purchase activity. Once a loyalty member achieves a certain point level, the member earns awards that may be redeemed for merchandise. Unredeemed awards and accumulated partial points are accrued as deferred revenue and awards redeemed by the member for merchandise are recorded as an increase to net sales. We expire unredeemed awards after 45 days from date of issuance and accumulated partial points 365 days after the last purchase activity. A liability is estimated based on the standalone selling price of awards and partial points earned and estimated redemptions. The deferred revenue for this program was $1.7 million as of February 2, 2019 and $1.2 million as of February 3, 2018. Revenue recognized from our loyalty program was $1.7 million in fiscal 2018, $1.3 million in fiscal 2017 and $0.6 million in fiscal 2016.

Cost of Goods Sold

Cost of goods sold includes product costs and buying, distribution and occupancy costs as follows:


•	Costs of products sold include:


•	freight expenses associated with merchandise received from our vendors into our distribution centers;


•	vendor allowances;


•	cash discounts on payments to merchandise vendors;


•	physical inventory losses; and


•	markdowns of inventory.


•	Buying, distribution and occupancy costs include:


•	payroll, benefit costs, and incentive compensation for merchandising personnel;


•	customer shipping and handling expenses;


•	costs associated with operating our distribution and fulfillment center, including payroll and benefit costs for our distribution center, occupancy costs, and depreciation;


•	freight expenses associated with shipping merchandise inventories from our distribution center to our stores and e-commerce customers; and


•	store occupancy costs, including rent, maintenance, utilities, property taxes, business licenses, security costs and depreciation.

Selling, General and Administrative Expenses


•	Payroll, benefit costs and incentive compensation for store, regional, e-commerce and corporate employees;


•	Occupancy and maintenance costs of corporate office facilities;


•	Depreciation related to corporate office assets;


•	Advertising and marketing costs, net of reimbursement from vendors;


•	Tender costs, including costs associated with credit and debit card interchange fees;


•	Long-lived asset impairment charges;


•	Legal provisions;


•	Other administrative costs such as supplies, consulting, audit and tax preparation fees, travel and lodging; and


•	Charitable contributions.

Store Pre-opening Costs

Store pre-opening costs consist primarily of occupancy costs, which are included in cost of goods sold, and payroll expenses, which are included in selling, general and administrative expenses, in the accompanying Consolidated Statements of Income.

Advertising

We expense advertising costs as incurred, except for direct-mail advertising expenses which are recognized at the time of mailing. Advertising costs include such things as production and distribution of print and digital catalogs; print, online and mobile advertising costs; radio advertisements; and grand openings and other events. Advertising expense, which is classified in selling, general and administrative expenses in the accompanying Consolidated Statements of Income, was $13.2 million, $12.1 million and $15.4 million in fiscal years 2018, 2017 and 2016, respectively.

Share-Based Compensation

We apply the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718, Compensation-Stock Compensation (“ASC 718”), for accounting for equity instruments exchanged for employee services. Under the provisions of this standard, share-based compensation expense is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity grant). Changes in these inputs and assumptions can materially affect the measurement of the estimated fair value of award and related share-based compensation expense. Refer to “Note 12: Share-Based Compensation”, for further information.

Income Taxes

We account for income taxes and the related accounts using the asset and liability method in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”). Under this method, we accrue income taxes payable or refundable and recognize deferred tax assets and liabilities based on differences between GAAP and tax bases of assets and liabilities. We measure deferred tax assets and liabilities using enacted tax rates in effect for the years in which the differences are expected to reverse, and recognize the effect of a change in enacted rates in the period of enactment.

We establish assets and liabilities for uncertain positions taken or expected to be taken in income tax returns, using a more-likely-than-not recognition threshold. We include in income tax expense any interest and penalties related to uncertain tax positions.

We have included the impact of the Tax Act in our financial results for the period ended February 2, 2019 and February 3, 2018. The Securities and Exchange Commission ("SEC") issued interpretive guidance under Staff Accounting Bulletin No. 118 ("SAB 118") that allowed for a measurement period up to one year after the December 22, 2017 enactment date of the Tax Act to finalize the recording of the related tax impacts. Our accounting for the income tax effects of the new tax legislation, based on available guidance and interpretation, is included in our provision. Refer to “Note 14: Income Taxes”, for further information.

Earnings per Share

Basic earnings per share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributed to restricted stock and outstanding options to purchase common stock. Incremental shares of 490 thousand, 270 thousand and 33 thousand in fiscal years 2018, 2017 and 2016, respectively, were used in the calculation of diluted earnings per share. Refer to “Note 15: Earnings Per Share”, for further information.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents. At February 2, 2019 and February 3, 2018, and at various times throughout these years, we had cash in financial institutions in excess of the $250,000 amount insured by the Federal Deposit Insurance Corporation. We typically invest our cash in highly rated, short-term commercial paper, interest-bearing money market funds, municipal bonds and certificates of deposit.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, management reviews its estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.

New Accounting Standards Not Yet Adopted

In February 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-02, Leases (ASC 842). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months at inception of the lease, regardless of lease classification. ASC 842 became effective for us on February 3, 2019 and we will adopt the standard using the additional modified retrospective transition method on the effective date. By electing this additional transition method, we will not be required to recast our comparative financial statements or provide disclosures required by the new standard for comparative periods. We will elect the 'package of practical expedients', which allowed us not to continue to reassess our previous conclusions about lease identification, lease classification and initial direct costs. In addition, we will elect the practical expedient to not separate lease and non-lease components for all of our leases. We will not elect the use of the hindsight practical expedient. We implemented a lease system in connection with the adoption of ASC 842 and we are currently in the process of finalizing the impact of adopting the standard, including the calculation of the present value of future minimum lease payments at the effective date, as well as updating business processes and internal controls over financial reporting.

We expect the adoption of ASC 842 will have a material effect on our financial statements. The most significant impact on our consolidated financial statements will relate to (1) the recognition of right-of-use assets and lease liabilities on our balance sheet for our retail store, distribution warehouse and corporate office operating leases based on the present value of total fixed payments of $324 million; (2) the recognition of lease expense associated with the inclusion of non-lease components in our minimum rental payments as a result of electing the practical expedient to combine lease and non-lease components; and (3) the significant new quantitative and qualitative disclosure requirements. We do not expect a significant change in our lease portfolio between now and adoption. During the fiscal year ended February 1, 2020, we currently expect to recognize additional occupancy costs of approximately $2 million as a result of adopting ASC 842.

In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (ASU 2016-13), which modifies or replaces existing models for impairment of trade and other receivables, debt securities, loans, beneficial interests held as assets, purchased-credit impaired financial assets and other instruments. The new standard requires entities to estimate expected losses over the life of the financial asset and recognize an allowance for estimated credit losses upon recognition of the financial instrument. ASU 2016-13 will become effective for us in the first quarter of fiscal 2020, with early adoption permitted and must be adopted using the modified retrospective method. We are in the process of evaluating the impact of adopting the new standard on our consolidated financial statements and related disclosures.

Accounting Standard Adopted in Fiscal 2018

On February 4, 2018, we adopted FASB ASU No. 2014-09, Revenue from Contracts with Customers ("ASC 606"), using the modified retrospective transition method, which under ASC 606, means the standard applies retrospectively with the cumulative effect recognized in the opening retained earnings balance in fiscal 2018. Comparative information for prior year fiscal periods has not been adjusted and continues to be reported under the previous standard ASC 605. Under ASC 606, revenue is recognized when control of promised goods or services is transferred to our customers at an amount we expect to be entitled to in exchange for those goods or services. The adoption of this standard requires us to recognize gift card breakage income in proportion to redemptions as they occur. The new guidance also requires enhanced disclosures, such as disaggregation of revenues and revenue recognition policies that require significant judgment and identification of performance obligations to customers.

The adoption of ASC 606 resulted in a net cumulative effect adjustment that increased the opening balance of retained earnings by $1.4 million, as well as the following impacts:


•	Breakage revenue is now recognized over time in proportion to actual customer redemptions. Breakage revenue was previously recognized two full fiscal years after the gift cards were activated when the probability of redemption was considered remote.


•	Revenue for merchandise shipped to the customer from a distribution center or store is now recognized at the shipping point, whereas it was previously recognized upon customer receipt.

The impact of the adoption of ASC 606 on the Consolidated Balance Sheet as of February 2, 2019 was as follows (in thousands):



	As reported		Balances without adoption of ASC 606		Effect of Adoption Increase (Decrease)
Merchandise inventories	$	55,809	$	56,429	$	(620	)
Other assets	2,185		2,721		(536		)
Accrued expenses	18,756		18,593		163
Deferred revenue	10,373		13,627		(3,254		)
Retained earnings	13,335		11,442		1,893

The impact of the adoption of ASC 606 on our Consolidated Statements of Income for fiscal 2018 was as follows (in thousands):



	As reported		Balances without adoption of ASC 606		Effect of Adoption Increase (Decrease)
Net sales	$	598,478	$	597,439	$	1,039
Cost of goods sold	417,582		417,152		430
Gross profit	180,896		180,287		609

Marketable Securities

12 Months Ended

Feb. 02, 2019

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable securities as of February 2, 2019 consisted of commercial paper classified as available-for-sale and fixed income securities, that we have the intent and ability to hold to maturity and therefore, are classified as held-to-maturity. Our investments in commercial paper and fixed income securities are recorded at fair value and amortized cost, which approximates fair value, respectively. All of our marketable securities are less than one year from maturity.

The following table summarizes investments in marketable securities at February 2, 2019 and February 3, 2018 (in thousands):



	February 2, 2019
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$49,402	$302	$49,704
Fixed income securities	26,215	—	26,215
Total marketable securities	$75,617	$302	$75,919

	February 3, 2018
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$59,566	$23	$59,589
Fixed income securities	23,161	—	23,161
Total marketable securities	$82,727	$23	$82,750

For fiscal years 2018, 2017 and 2016, we recognized gains on investments for commercial paper of $1.0 million, $0.8 million and $0.3 million, respectively, which matured during the period. Upon recognition of the gains, we reclassified these amounts out of accumulated other comprehensive income and into other income, net, on the accompanying Consolidated Statements of Income.

Receivables

12 Months Ended

Feb. 02, 2019

Receivables [Abstract]

Receivables

At February 2, 2019 and February 3, 2018, receivables consisted of the following (in thousands):



	February 2, 2019			February 3, 2018
Credit and debit card receivables	$	2,679		$	2,480
Tenant allowances due from landlords	2,729			1,004
Vendor receivables	467			874
Other	210			—
Less: Allowance for doubtful accounts	(3		)	(6		)
Total receivables	$	6,082		$	4,352

We establish a receivable for amounts we expect to collect. We make estimates for the allowance for doubtful accounts against receivables for any potential uncollectible amounts. The year-end receivables are primarily collected within the following fiscal quarter.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Property and Equipment

12 Months Ended

Feb. 02, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

At February 2, 2019 and February 3, 2018, property and equipment consisted of the following (in thousands):



	February 2, 2019			February 3, 2018
Leasehold improvements	$	138,996		$	132,428
Furniture and fixtures	45,061			43,983
Computer hardware and software	39,110			37,722
Machinery and equipment	32,377			31,509
Vehicles	2,080			1,891
Construction in progress	2,469			1,854
Property and equipment, gross	260,093			249,387
Accumulated depreciation	(186,251		)	(166,066		)
Property and equipment, net	$	73,842		$	83,321

Depreciation expense related to property and equipment was $22.5 million, $23.4 million and $23.3 million in fiscal years 2018, 2017 and 2016, respectively.

Cash paid for capital expenditures during fiscal 2018, 2017 and 2016, were approximately $14.9 million, $13.8 million and $17.0 million, respectively.

Impairments are recorded on long-lived assets used in operations whenever events or changes in circumstances indicate that the net carrying amounts may not be recoverable. We recorded non-cash impairment charges of $0.8 million, $0.8 million and $2.4 million in selling, general and administrative expenses in fiscal years 2018, 2017 and 2016, respectively, to write down the carrying value of long-lived assets to their estimated fair values. Refer to "Note 11: Fair Value Measurements", for further information.

If we are not able to achieve our projected key financial metrics, we may incur additional impairment in the future for long-lived assets.

Line of Credit	12 Months Ended
Line of Credit	Feb. 02, 2019
Debt Disclosure [Abstract]
Line of Credit	Line of Credit Our amended and restated credit agreement with Wells Fargo Bank, N.A. ("Bank") provides for a $25.0 million revolving line of credit with a maturity date of January 26, 2020. The interest rate charged on borrowings is selected at our discretion at the time of draw between the London Interbank Offered Rate, plus 0.75%, or at the Bank’s prime rate. The agreement allows for the declaration and payment of dividends or distributions to stockholders. On February 27, 2019 and February 20, 2018, we paid a special dividend of $1.00 per share. On February 24, 2017, we paid a special dividend of $0.70 per share. Refer to "Note 18: Stockholders' Equity", for further information. The line of credit is secured by substantially all of our assets. As a sub-feature under the revolving line of credit, the Bank may also issue stand-by and/or commercial letters of credit up to $15.0 million. We are required to maintain certain financial and non-financial covenants in accordance with the line of credit. The financial covenants require certain levels of leverage and profitability, such as (i) income before income taxes not to be less than $1 million (measured at the end of each fiscal quarter), (ii) a maximum ratio of 4.00 to 1.00 as of each quarter end for “Funded Debt to EBITDAR”, defined as the sum of total debt, capital leases and annual rent expense multiplied by 6 divided by the sum of net income, interest expense, taxes, depreciation, amortization and annual rent expense, and (iii) requires minimum inventory, cash, cash equivalents and marketable securities totaling $50 million as of the end of each quarter. In addition, maximum investment in fixed assets in any fiscal year of $50 million. In September 2018, we entered into an amendment to increase our standby letter of credit from $750,000 to $1,075,000. The letter of credit was established for security against insurance claims as required by our workers' compensation insurance policy. There has been no activity under this letter of credit since its inception. As of February 2, 2019, we were in compliance with all of our covenants and had no outstanding borrowings under the revolving credit facility.

Leases

12 Months Ended

Feb. 02, 2019

Leases [Abstract]

Leases

We conduct all of our retail sales and corporate operations in leased facilities. Lease terms generally range up to ten years and provide for escalations in base rents. We are generally not obligated to renew leases. Certain leases provide for additional rent based on a percentage of sales and annual rent increases generally based upon the Consumer Price Index. In addition, many of the store leases contain certain co-tenancy provisions that permit us to pay rent based on a pre-determined percentage of sales when the occupancy of the retail center falls below minimums established in the lease.

Operating leases

We lease office and warehouse space (10 and 12 Whatney, Irvine, California) from a company that is owned by the co-founders of Tillys. This lease was amended in December 2017 and was re-classified from a capital lease to an operating lease. The lease expires on December 31, 2027. We incurred rent expense of $2.1 million, $1.1 million and $1.0 million in fiscal years 2018, 2017 and 2016, respectively.

We lease office and warehouse space (11 Whatney, Irvine, California) from a company that is owned by one of the co-founders of Tillys. We incurred rent expense of $0.4 million in each of the fiscal years 2018, 2017 and 2016, related to this lease. Pursuant to the lease agreement, the lease payment adjusts annually based upon the Los Angeles/Anaheim/Riverside Urban Consumer Price Index, not to exceed 7%, but a minimum of 3%, in any one annual increase. The lease expires on June 30, 2022.

We lease a building (17 Pasteur, Irvine, California) from a company that is owned by one of the co-founders of Tillys. We use this property as our e-commerce distribution center. We incurred rent expense of $1.0 million, $1.0 million and $0.9 million in fiscal years 2018, 2017 and 2016, respectively, related to this lease. Pursuant to the lease agreement, the lease payment adjusts annually based upon the Los Angeles/Anaheim/Riverside Urban Consumer Price Index, not to exceed 7%, but a minimum of 3%, in any one annual increase. The lease expires on October 31, 2021.

Future minimum rental commitments, including fixed non-lease components, under non-cancellable operating leases for the above buildings and all of our store locations as of February 2, 2019 are as follows (in thousands):



Fiscal Year	Related Party		Other		Total
2019	$	3,351	$	60,542	$	63,893
2020	3,451		56,681		60,132
2021	3,274		50,541		53,815
2022	2,278		41,893		44,171
2023	2,163		32,948		35,111
Thereafter	9,112		57,833		66,945
Total	$	23,629	$	300,438	$	324,067

Rent expense for fiscal years 2018, 2017 and 2016 was as follows (in thousands):



	February 2, 2019		February 3, 2018		January 28, 2017
Minimum rentals	$	41,775	$	35,578	$	42,988
Contingent rentals	2,339		1,552		1,212
Total rent expense	$	44,114	$	37,130	$	44,200

Prior to signing each of the related party leases above, we received an independent market analysis regarding the property and therefore believe that the terms of each lease are reasonable and not materially different from terms we would have obtained from an unaffiliated third party.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Feb. 02, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Indemnifications, Commitments, and Guarantees During the normal course of business, we have made certain indemnifications, commitments, and guarantees under which we may be required to make payments for certain transactions. These indemnifications include those given to various lessors in connection with facility leases for certain claims arising from such facility or lease, and indemnifications to our directors and officers to the maximum extent permitted under the laws of the state of Delaware. The majority of these indemnifications, commitments, and guarantees do not provide for any limitation of the maximum potential future payments we could be obligated to make, and their duration may be indefinite. We have not recorded any liability for these indemnifications, commitments, and guarantees in the accompanying Consolidated Balance Sheets. Purchase Obligations At February 2, 2019, our future minimum payments under agreements to purchase services primarily for software maintenance aggregated to $6.1 million, payable as follows: $2.6 million in fiscal 2019, $1.9 million in fiscal 2020, $1.2 million in fiscal 2021 and $0.4 million in fiscal 2022. Legal Proceedings From time to time, we may become involved in lawsuits and other claims arising from our ordinary course of business. We establish loss provisions for matters in which losses are probable and can be reasonably estimated. For some matters, we are currently unable to predict the ultimate outcome, determine whether a liability has been incurred or make an estimate of the reasonably possible liability that could result from an unfavorable outcome because of the uncertainties related to the incurrence, amount and range of loss on any pending litigation or claim. Because of the unpredictable nature of these matters, we cannot provide any assurances regarding the outcome of any litigation or claim to which we are a party or that the ultimate outcome of any of the matters threatened or pending against us, including those disclosed below, will not have a material adverse effect on our financial condition, results of operations or cash flows. Juan Carlos Gonzales, on behalf of himself and all others similarly situated, v. Tilly’s Inc. et al, Superior Court of California, County of Orange, Case No. 30-2017-00948710-CU-OE-CXC. In October 2017, the plaintiff filed a putative class action against us, alleging various violations of California’s wage and hour laws. The complaint seeks class certification, unspecified damages, unpaid wages, penalties, restitution, interest, and attorneys’ fees and costs. In December 2017, we filed an answer to the complaint, denying all of the claims and asserting various defenses. In April 2018, the plaintiff filed a separate action under the Private Attorneys General Act against us seeking penalties on behalf of himself and other similarly situated employees for the same alleged violations of California's wage and hour laws. We requested the plaintiff to dismiss the class action claims based on an existing class action waiver in an arbitration agreement which plaintiff signed with our co-defendant, BaronHR, the staffing company that employed plaintiff to work at the Company. In June 2018, the plaintiff's class action complaint was dismissed. We have defended this case vigorously, and will continue to do so. Lauren Minniti, on behalf of herself and all others similarly situated, v. Tilly’s, Inc., United States District Court, Southern District of Florida, Case No. 0:17-cv-60237-FAM. In January 2017, the plaintiff filed a putative class action lawsuit against us, alleging violations of the Telephone Consumer Protection Act of 1991 (the “TCPA”). Specifically, the complaint asserted a violation of the TCPA for allegedly sending unsolicited automated messages to the cellular telephones of the plaintiff and others. The complaint sought class certification and damages of $500 per violation plus treble damages under the TCPA. In March 2017, we filed our initial response to this matter with the court. In June 2017, the parties attended a mediation. In July 2017, the parties reached an agreement in principle to settle this matter, subject to court approval, and we recorded an estimated loss provision of $6.2 million in connection with the proposed settlement during the second quarter of fiscal 2017. In March 2018, the parties executed a settlement agreement, subject to final court approval. In April 2018, the court preliminarily approved the settlement agreement and certified a class for settlement purposes. In May 2018, the class members were sent notice of the settlement and in August 2018, the court granted final approval of the settlement. As a result, we recorded a $1.5 million reduction in our original accrual estimate to reflect the final required cash payments to be made as part of this settlement which were subsequently paid in October 2018. Additionally, we were required to issue non-transferable discount coupons to approximately 612,000 existing Tillys customers not covered by the cash payments in early September 2018. These coupons entitle the recipient to a one-time 50% discount on a single purchase transaction of up to $1,000. Any unused coupons will expire on September 4, 2019. As of February 2, 2019, approximately 1.5% of these coupons had been redeemed, representing less than 0.2% of total sale transactions and less than 0.5% of total net sales, since the coupons were issued. Consequently, these coupons had no material impact on our fiscal 2018 comparable store net sales or operating results as a whole. On a transactional basis, redemption transactions have produced an average sale that is approximately three times larger than non-redemption transactions during this same time period, but with a significantly lower margin rate. The net result has been an increase in net margin dollars produced per redemption transaction that is approximately 25% higher than non-redemption transactions. There can be no assurances that these results, or the level of redemptions, will remain consistent through the remaining six month redemption period. Although redemption activity has been low during the first six months of the redemption period, the potential impact through September 4, 2019 could be material and could adversely affect our financial condition and results of operations. Skylar Ward, on behalf of herself and all others similarly situated, v. Tilly’s, Inc., Superior Court of California, County of Los Angeles, Case No. BC595405. In September 2015, the plaintiff filed a putative class action lawsuit against us alleging, among other things, various violations of California's wage and hour laws. The complaint sought class certification, unspecified damages, unpaid wages, penalties, restitution, and attorneys' fees. In June 2016, the court granted our demurrer to the plaintiff's complaint on the grounds that the plaintiff failed to state a cause of action against Tilly's and dismissed the complaint. Specifically, the court agreed with us that the plaintiff's cause of action for reporting-time pay fails as a matter of law as the plaintiff and other putative class members did not "report for work" with respect to certain shifts on which the plaintiff's claims are based. In November 2016, the court entered a written order sustaining our demurrer to the plaintiff's complaint and dismissing all of plaintiff’s causes of action with prejudice. In January 2017, the plaintiff filed an appeal of the order to the California Court of Appeal. In October 2017, the plaintiff filed her opening appellate brief, and our responding appellate brief was filed in December 2017. In May 2018, the plaintiff filed her reply appellate brief. Later in May 2018, an amicus brief was filed by Abercrombie & Fitch Stores, Inc., in support of Tilly’s position in this appeal. Oral argument was heard by the California Court of Appeal in November 2018. On February 4, 2019, the Court of Appeal issued an opinion overturning the trial court’s decision, holding that the plaintiff’s allegations stated a claim. In March 2019, we filed a petition for review with the California Supreme Court seeking its discretionary review of the Court of Appeal’s decision. We have defended this case vigorously, and will continue to do so. In June 2015, we and one of our vendors entered into a settlement arrangement with a plaintiff who filed a copyright infringement lawsuit against the vendor and us related to certain vendor products we sell. The settlement required that the vendor pay $2.0 million to the plaintiff over three years and we agreed to guarantee such payments in exchange for a security interest in the vendor's intellectual property. We concluded this matter with the final settlement payment in June 2018. The total settlement amount paid by us was not materially different from the amount previously accrued.

Fair Value Measurements

12 Months Ended

Feb. 02, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

We determine fair value based on a three-level valuation hierarchy as described below. Fair value is defined as the exit price associated with the sale of an asset or transfer of a liability in an orderly transaction between market participants at the measurement date. The three-level hierarchy of inputs used to determine fair value is as follows:

•Level 1 – Quoted prices in active markets for identical assets and liabilities.

•Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

•Level 3 – Unobservable inputs (i.e. projections, estimates, interpretations, etc.) that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

We measure certain financial assets at fair value on a recurring basis, including our marketable securities, which are classified as either available-for-sale securities or held-to-maturity, and certain cash equivalents, specifically money market securities, commercial paper, municipal bonds and certificates of deposits. The money market accounts are valued based on quoted market prices in active markets. The marketable securities are valued based on other observable inputs for those securities (including market corroborated pricing or other models that utilize observable inputs such as interest rates and yield curves) based on information provided by independent third party entities.

From time to time, we measure certain assets at fair value on a non-recurring basis, including evaluation of long-lived asses for impairments using Company-specific assumptions which would fall within Level 3 of the fair-value hierarchy.

Fair value calculations contain significant judgments and estimates, which may differ from actual results due to, among other things, economic conditions, changes to the business model or changes in operating performance.

We did not make any transfers between Level 1 and Level 2 financial assets during fiscal years 2018, 2017 and 2016. Furthermore, as of February 2, 2019 and February 3, 2018, we did not have any Level 3 financial assets. We conduct reviews on a quarterly basis to verify pricing, assess liquidity, and determine if significant inputs have changed that would impact the fair value hierarchy disclosure.

Financial Assets

In accordance with the provisions of ASC 820, we categorized our financial assets based on the priority of the inputs to the valuation technique for the instruments as follows (in thousands):



	February 2, 2019			February 3, 2018
	Level 1	Level 2	Level 3	Level 1	Level 2	Level 3
Cash equivalents (1):
Money market securities	$56,856	$—	$—	$46,441	$—	$—
Commercial paper	—	4,975	—	—	—	—
Marketable securities:
Commercial paper	$—	$49,704	$—	$—	$59,589	$—
Fixed income securities	—	26,215	—	—	23,161	—

(1) Excludes cash

Impairment of Long-Lived Assets

On at least a quarterly basis, we assess whether events or changes in circumstances have occurred that potentially indicate the carrying value of long-lived assets may not be recoverable. Based on Level 3 inputs of historical operating performance, including sales trends, gross margin rates, current cash flows from operations and the projected outlook for each of our stores, we determined that certain stores would not be able to generate sufficient cash flows over the remaining term of the related leases to recover our investment in the respective stores. As a result, we recorded non-cash impairment charges of approximately $0.8 million, $0.8 million and $2.4 million in fiscal years 2018, 2017 and 2016, respectively, to write-down the carrying value of certain long-lived store assets to their estimated fair values.



	Fiscal Year Ended
	February 2, 2019	February 3, 2018	January 28, 2017
	($ in thousands)
Carrying value of assets with impairment	$786	$848	$2,584
Fair value of assets impaired	$—	$—	$232
Number of stores tested for impairment	7	10	15
Number of stores with impairment	2	4	9

- 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

Share-Based Compensation

12 Months Ended

Feb. 02, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

The Tillys 2012 Amended and Restated Equity and Incentive Award Plan, as amended in June 2014 (the "2012 Plan"), authorizes up to 4,413,900 shares for issuance of options, shares or rights to acquire our Class A common stock and allows for, among other things, operating income and comparable store sales growth targets as additional performance goals that may be used in connection with performance-based awards granted under the 2012 Plan. As of February 2, 2019, there were 1,530,115 shares available for future issuance under the 2012 Plan.

Options

We grant stock options to certain employees that gives them the right to acquire our Class A common stock under the 2012 Plan. The exercise price of options granted is equal to the closing price per share of our stock at the date of grant. The non-qualified options vest at a rate of 25% on each of the first four anniversaries of the grant date provided that the award recipient continues to be employed by us through each of those vesting dates, and expire ten years from the date of grant.

The following table summarizes our stock option activity for fiscal year 2018:



	Stock Options	Grant Date Weighted Average Exercise Price	Weighted Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value(1)
			(in years)	($ in thousands)
Outstanding at February 3, 2018	1,851,250	$9.50
Granted	311,625	$11.52
Exercised	(328,625)	$11.11
Forfeited	(57,500)	$9.03
Expired	(40,500)	$14.19
Outstanding at February 2, 2019	1,736,250	$9.47	6.9	$6,451
Vested and expected to vest at February 2, 2019	1,736,250	$9.47	6.9	$6,451
Exercisable at February 2, 2019	883,125	$10.10	5.5	$3,120


(1)	Intrinsic value for stock options is defined as the difference between the market price of our Class A common stock on the last business day of the fiscal year and the weighted average exercise price of in-the-money stock options outstanding at the end of each fiscal period. The market value per share was $12.71 at February 2, 2019.

The total intrinsic value of options exercised in fiscal years 2018, 2017 and 2016 was $2.0 million, $1.3 million and $0.9 million, respectively.

The total fair value of options vested in fiscal years 2018, 2017 and 2016 was $1.6 million, $1.6 million and $2.0 million, respectively.

The total proceeds received from the exercise of stock options in fiscal years 2018, 2017 and 2016 was $3.7 million, $3.4 million and $2.1 million, respectively. The tax benefit realized from stock options exercised in fiscal years 2018, 2017 and 2016 was $0.5 million, $0.5 million and $0.4 million, respectively.

The stock option awards were measured at fair value on the grant date using the Black-Scholes option valuation model. Key input assumptions used to estimate the fair value of stock options include the exercise price of the award, the expected option term, expected volatility of our stock over the option’s expected term, the risk-free interest rate over the option’s expected term and our expected annual dividend yield, if any. We will issue shares of Class A common stock when the options are exercised. The fair values of stock options granted in fiscal years 2018, 2017 and 2016 were estimated on the grant dates using the following assumptions:



	Fiscal Year Ended
	February 2, 2019	February 3, 2018	January 28, 2017
Weighted average grant-date fair value per option granted	$5.45	$3.99	$3.73
Expected option term (1)	5.0 years	5.0 years	5.0 years
Expected volatility factor (2)	51.6%	50.3%	62.8%
Risk-free interest rate (3)	2.6%	1.93%	1.34%
Expected annual dividend yield (4)	—%	—%	—%


(1)	We have limited historical information regarding expected option term. Accordingly, we determine the expected option term of the awards using the latest historical data available from comparable public companies and management’s expectation of exercise behavior.


(2)	Stock volatility for each grant is measured using the weighted average of historical daily price changes of our common stock over the most recent period equal to the expected option term of the awards.


(3)	The risk-free interest rate is determined using the rate on treasury securities with the same term as the expected life of the stock option as of the grant date.


(4)	We do not have a dividend policy and we do not anticipate paying any additional cash dividends on our common stock at this time.

Restricted Stock

Restricted stock awards ("RSAs") represent restricted shares issued upon the date of grant in which the recipient's rights in the stock are restricted until the shares are vested, whereas restricted stock units represent shares issuable in the future upon vesting. Under the 2012 Plan, we grant RSAs to independent members of our Board of Directors and restricted stock units to certain employees. RSAs granted to Board members vest at a rate of 50% on each of the first two anniversaries of the grant date provided that the respective award recipient continues to serve on our Board of Directors through each of those vesting dates. The restricted stock units granted to certain employees vest at a rate of 25% on each of the first four anniversaries of the grant date provided that the respective recipient continues to be employed by us through each of those vesting dates. We determine the fair value of restricted stock underlying the RSAs and restricted stock units based upon the closing price of our Class A common stock on the date of grant.

A summary of the status of non-vested restricted stock as of February 2, 2019 and changes during fiscal year 2018 are presented below:



	Shares	Weighted- Average Grant-Date Fair Value
Nonvested at February 3, 2018	109,532	$12.24
Granted	21,476	$14.90
Vested	(67,732)	$11.08
Forfeited	(2,375)	$16.07
Nonvested at February 2, 2019	60,901	$14.32

The weighted-average grant-date fair value of restricted stock granted during the years ended February 3, 2018 and January 28, 2017 was $10.39 and $6.17, respectively.

The total fair value of restricted stock vested was $0.9 million, $0.7 million and $0.5 million in fiscal years 2018, 2017 and 2016, respectively.

Share-based compensation expense associated with stock options and restricted stock is recognized on a straight-line basis over the requisite service period. The following table summarizes share-based compensation recorded in the accompanying Consolidated Statements of Income (in thousands):



	Fiscal Year Ended
	February 2, 2019	February 3, 2018	January 28, 2017
Cost of goods sold	$517	$612	$855
Selling, general and administrative expenses	1,695	1,799	1,717
Total share-based compensation	$2,212	$2,411	$2,572

At February 2, 2019, there was $3.1 million of total unrecognized share-based compensation expense related to unvested stock options and restricted stock awards. This cost has a weighted average remaining recognition period of 2.2 years.

Income Taxes

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Abstract]

Income Taxes

The components of income tax expense for fiscal years 2018, 2017 and 2016 were as follows (in thousands):



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Current:
Federal	$	5,818	$	6,236	$	7,939
State	2,153		1,304		1,602
	7,971		7,540		9,541
Deferred:
Federal	760		2,436		(1,121		)
State	119		533		(82		)
	879		2,969		(1,203		)
Total income tax expense	$	8,850	$	10,509	$	8,338

A reconciliation of income tax expense to the amount computed at the federal statutory rate for fiscal years 2018, 2017 and 2016 is as follows (in thousands):



	Fiscal Year Ended
	February 2, 2019			February 3, 2018			January 28, 2017
Federal taxes at statutory rate	$	7,097		$	8,529		$	6,913
State and local income taxes, net of federal benefit	1,795			1,216			988
Tax reform impact	—			491			—
Stock compensation discrete items (1)	(39		)	231			558
Return to provision adjustments	(108		)	124			(40		)
Other	105			(82		)	(81		)
Total income tax expense	$	8,850		$	10,509		$	8,338

(1)

This amount includes the impact of discrete items related to the expiration of stock options, exercises of stock options and the settlement of restricted stock that are recorded to income tax expense which represents share-based compensation cost previously recognized by us that was greater than the deduction allowed for income tax purposes based on the price of our common stock on the date of expiration, exercise or vesting.

On December 22, 2017, the Tax Act was signed into law, a significant modification of existing U.S. federal tax legislation, was enacted which reduced our U.S. federal tax rate from 35% to 21%, effective January 1, 2018. The statutory tax rate for the current year reflects this change in tax rate. Our accounting for the income tax effects of the new tax legislation, based on available guidance and interpretation, is included in our provision.

Deferred income taxes reflect the net tax effects of: (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes; and (b) operating loss and tax credit carry-forwards. We record net deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. Significant components of deferred tax assets and liabilities as of February 2, 2019 and February 3, 2018 were as follows (in thousands):



	February 2, 2019			February 3, 2018
Deferred tax assets:
Deferred rent	$	3,446		$	3,523
Share-based compensation	1,841			1,705
Inventories	1,628			1,650
Accrued expenses	985			1,079
Compensation and benefits	426			471
Deferred revenue	417			187
Other	—			55
Total deferred tax assets	8,743			8,670
Deferred tax liabilities:
Property and equipment	(6,133		)	(5,367		)
Prepaid expenses	(878		)	(526		)
Marketable securities	(84		)	(9		)
Other	(369		)	—
Total deferred tax liabilities	(7,464		)	(5,902		)
Net deferred tax asset	$	1,279		$	2,768

Deferred tax assets are included in “Other assets" in the accompanying Consolidated Balance Sheets.

As of February 2, 2019 and February 3, 2018, we had approximately $0.2 million and $0.1 million, respectively of California Enterprise Zone credit carryovers. These credits will begin to expire during fiscal year 2022 if not utilized.

Uncertain Tax Positions

As of February 2, 2019 and February 3, 2018, there were no material unrecognized tax benefits. We do not anticipate that there will be a material change in the balance of the unrecognized tax benefits in the next 12 months. Any interest and penalties related to uncertain tax positions are recorded in income tax expense. We did not recognize any interest or penalties related to unrecognized tax benefits during fiscal years 2018, 2017 and 2016.

We file income tax returns in the United States federal jurisdiction and in various state and local jurisdictions. In the normal course of business, we are subject to examination by taxing authorities. Fiscal years 2016 and 2017 remain subject to examination for federal tax purposes and fiscal years 2014 through 2017 remain subject to examination in significant state tax jurisdictions.

Earnings Per Share

12 Months Ended

Feb. 02, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Our common stock consists of two classes: Class A and Class B. The Class A and Class B common stock have identical rights, except with respect to voting and conversion.

Net income per share is computed under the provisions of ASC Topic 260, Earnings Per Share. Basic net income per share is computed based on the weighted average number of common shares outstanding during the period. Diluted net income per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method, whereby proceeds from such exercise, and unamortized compensation expense, on share-based awards are assumed to be used by us to purchase the common shares at the average market price during the period. Potentially dilutive shares of common stock represent outstanding stock options and restricted stock awards.

The components of basic and diluted earnings per share of Class A and Class B common stock, in aggregate, for fiscal years 2018, 2017 and 2016 are as follows (in thousands, except per share amounts):



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Net income	$	24,943	$	14,700	$	11,410

Weighted average basic shares outstanding	29,278		28,804		28,496
Dilutive effect of stock options and restricted stock	490		270		33
Weighted average shares for diluted earnings per share	29,768		29,074		28,529

Basic earnings per share of Class A and Class B common stock	$	0.85	$	0.51	$	0.40
Diluted earnings per share of Class A and Class B common stock	$	0.84	$	0.51	$	0.40

The earnings per share amounts are the same for Class A and Class B common stock, in aggregate, and individually for Class A and Class B common stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation. Shares of Class A and Class B common stock vote together as a single class on all matters submitted to a vote of stockholders. Holders of Class A common stock are entitled to one vote per share and holders of Class B common stock are entitled to 10 votes per share.

The following stock options and restricted stock have been excluded from the calculation of diluted earnings per share as the effect of including these stock options and restricted stock would have been anti-dilutive (in thousands):



	Fiscal Year Ended
	February 2, 2019	February 3, 2018	January 28, 2017
Stock options	553	1,058	1,818
Restricted stock	—	56	99
Total	553	1,114	1,917

Quarterly Financial Information (Unaudited)

12 Months Ended

Feb. 02, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

The tables below set forth unaudited selected quarterly financial data for each of the last two fiscal years (in thousands, except per share data). Each of the quarters presented was thirteen weeks in duration, except for fourth quarter ended February 3, 2018, which was fourteen weeks in duration. The operating results in any quarter are not necessarily indicative of the results that may be expected for any future period. We have derived this data from our unaudited consolidated interim financial statements that, in our opinion, have been prepared on substantially the same basis as the audited financial statements contained elsewhere in this report and include all normal recurring adjustments necessary for a fair presentation of the financial information for the periods presented. These unaudited quarterly results should be read in conjunction with our financial statements and notes thereto included elsewhere in this report. The quarters are calculated independent of each other and therefore may not agree to the year to date amounts.



	Fiscal Year Ended February 2, 2019
	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Net sales	$123,634	$157,406	$146,826	$170,612
Gross profit	34,977	50,105	43,656	52,157
Operating income	1,331	12,478	6,737	10,934
Net income	1,223	9,689	5,355	8,677
Basic earnings per share	$0.04	$0.33	$0.18	$0.29
Diluted earnings per share	$0.04	$0.33	$0.18	$0.29

	Fiscal Year Ended February 3, 2018
	First Quarter	Second Quarter	Third Quarter	Fourth Quarter (1)
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Net sales	$120,947	$138,810	$152,824	$164,317
Gross profit	32,905	40,929	50,094	51,440
Operating (loss) income	(329)	(1,239)	14,112	11,441
Net (loss) income	(161)	(596)	8,757	6,699
Basic (loss) earnings per share	$(0.01)	$(0.02)	$0.30	$0.23
Diluted (loss) earnings per share	$(0.01)	$(0.02)	$0.30	$0.23
(1) Includes 14 weeks

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Feb. 02, 2019
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity On January 31, 2019, our Board of Director's declared a special cash dividend of $1.00 per share to all holders of record of issued and outstanding shares of both Class A and Class B common stock as of the close of business on February 15, 2019, with payment of $29.5 million made on February 27, 2019. On January 24, 2018, our Board of Director's declared a special cash dividend of $1.00 per share to all holders of record of issued and outstanding shares of both Class A and Class B common stock as of the close of business on February 9, 2018, with payment of $29.1 million made on February 20, 2018. On January 31, 2017, our Board of Director's declared a special cash dividend of $0.70 per share to all holders of record of issued and outstanding shares of both Class A and Class B common stock as of the close of business on February 15, 2017, with payment of $20.1 million made on February 24, 2017.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Feb. 02, 2019

Accounting Policies [Abstract]

Cash and Cash Equivalents

We consider all short-term investments with an initial maturity of 90 days or less when purchased to be cash equivalents.

Marketable Securities

Merchandise Inventories

Property and Equipment

Impairment of Long-Lived Assets

Operating Leases

Deferred Rent and Tenant Allowances

Revenue Recognition

Cost of Goods Sold

Cost of goods sold includes product costs and buying, distribution and occupancy costs as follows:


•	Costs of products sold include:


•	freight expenses associated with merchandise received from our vendors into our distribution centers;


•	vendor allowances;


•	cash discounts on payments to merchandise vendors;


•	physical inventory losses; and


•	markdowns of inventory.


•	Buying, distribution and occupancy costs include:


•	payroll, benefit costs, and incentive compensation for merchandising personnel;


•	customer shipping and handling expenses;


•	costs associated with operating our distribution and fulfillment center, including payroll and benefit costs for our distribution center, occupancy costs, and depreciation;


•	freight expenses associated with shipping merchandise inventories from our distribution center to our stores and e-commerce customers; and


•	store occupancy costs, including rent, maintenance, utilities, property taxes, business licenses, security costs and depreciation.

Selling, General and Administrative Expenses


•	Payroll, benefit costs and incentive compensation for store, regional, e-commerce and corporate employees;


•	Occupancy and maintenance costs of corporate office facilities;


•	Depreciation related to corporate office assets;


•	Advertising and marketing costs, net of reimbursement from vendors;


•	Tender costs, including costs associated with credit and debit card interchange fees;


•	Long-lived asset impairment charges;


•	Legal provisions;


•	Other administrative costs such as supplies, consulting, audit and tax preparation fees, travel and lodging; and


•	Charitable contributions.

Store Pre-opening Costs

Advertising

Share-Based Compensation

Income Taxes

Earnings per Share

Concentration of Credit Risk

Use of Estimates

New Accounting Standards

New Accounting Standards Not Yet Adopted

Accounting Standard Adopted in Fiscal 2018

The adoption of ASC 606 resulted in a net cumulative effect adjustment that increased the opening balance of retained earnings by $1.4 million, as well as the following impacts:


•	Breakage revenue is now recognized over time in proportion to actual customer redemptions. Breakage revenue was previously recognized two full fiscal years after the gift cards were activated when the probability of redemption was considered remote.


•	Revenue for merchandise shipped to the customer from a distribution center or store is now recognized at the shipping point, whereas it was previously recognized upon customer receipt.

The impact of the adoption of ASC 606 on the Consolidated Balance Sheet as of February 2, 2019 was as follows (in thousands):



	As reported		Balances without adoption of ASC 606		Effect of Adoption Increase (Decrease)
Merchandise inventories	$	55,809	$	56,429	$	(620	)
Other assets	2,185		2,721		(536		)
Accrued expenses	18,756		18,593		163
Deferred revenue	10,373		13,627		(3,254		)
Retained earnings	13,335		11,442		1,893

The impact of the adoption of ASC 606 on our Consolidated Statements of Income for fiscal 2018 was as follows (in thousands):



	As reported		Balances without adoption of ASC 606		Effect of Adoption Increase (Decrease)
Net sales	$	598,478	$	597,439	$	1,039
Cost of goods sold	417,582		417,152		430
Gross profit	180,896		180,287		609

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 02, 2019

Accounting Policies [Abstract]

Disaggregation of Revenue

The following table summarizes net sales from our retail stores and e-commerce (in thousands):



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Retail stores	$	508,853	$	501,053	$	492,572
E-commerce	89,625		75,846		76,380
Total net sales	$	598,478	$	576,899	$	568,952

The following table summarizes the percent of net sales by department:



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Mens	35	%	35	%	33	%
Womens	25	%	25	%	26	%
Accessories	18	%	19	%	19	%
Footwear	12	%	11	%	11	%
Boys	6	%	6	%	6	%
Girls	4	%	4	%	5	%
Total net sales	100	%	100	%	100	%

The following table summarizes the percent of net sales by third-party and proprietary branded merchandise:



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Third-party	75	%	74	%	72	%
Proprietary	25	%	26	%	28	%
Total net sales	100	%	100	%	100	%

Schedule of Adoption of ASC 606

The impact of the adoption of ASC 606 on the Consolidated Balance Sheet as of February 2, 2019 was as follows (in thousands):



	As reported		Balances without adoption of ASC 606		Effect of Adoption Increase (Decrease)
Merchandise inventories	$	55,809	$	56,429	$	(620	)
Other assets	2,185		2,721		(536		)
Accrued expenses	18,756		18,593		163
Deferred revenue	10,373		13,627		(3,254		)
Retained earnings	13,335		11,442		1,893

The impact of the adoption of ASC 606 on our Consolidated Statements of Income for fiscal 2018 was as follows (in thousands):



	As reported		Balances without adoption of ASC 606		Effect of Adoption Increase (Decrease)
Net sales	$	598,478	$	597,439	$	1,039
Cost of goods sold	417,582		417,152		430
Gross profit	180,896		180,287		609

Marketable Securities (Tables)

12 Months Ended

Feb. 02, 2019

Investments, Debt and Equity Securities [Abstract]

Investments in Marketable Securities

The following table summarizes investments in marketable securities at February 2, 2019 and February 3, 2018 (in thousands):



	February 2, 2019
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$49,402	$302	$49,704
Fixed income securities	26,215	—	26,215
Total marketable securities	$75,617	$302	$75,919

	February 3, 2018
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$59,566	$23	$59,589
Fixed income securities	23,161	—	23,161
Total marketable securities	$82,727	$23	$82,750

Leases (Tables)

12 Months Ended

Feb. 02, 2019

Leases [Abstract]

Future Minimum Operating Rental Commitments



Fiscal Year	Related Party		Other		Total
2019	$	3,351	$	60,542	$	63,893
2020	3,451		56,681		60,132
2021	3,274		50,541		53,815
2022	2,278		41,893		44,171
2023	2,163		32,948		35,111
Thereafter	9,112		57,833		66,945
Total	$	23,629	$	300,438	$	324,067

Rent Expense Under Operating Leases

Rent expense for fiscal years 2018, 2017 and 2016 was as follows (in thousands):



	February 2, 2019		February 3, 2018		January 28, 2017
Minimum rentals	$	41,775	$	35,578	$	42,988
Contingent rentals	2,339		1,552		1,212
Total rent expense	$	44,114	$	37,130	$	44,200

Fair Value Measurements (Tables)

12 Months Ended

Feb. 02, 2019

Fair Value Disclosures [Abstract]

Financial Assets Categorized Based on Priority of Inputs to Valuation Technique Instruments

In accordance with the provisions of ASC 820, we categorized our financial assets based on the priority of the inputs to the valuation technique for the instruments as follows (in thousands):



	February 2, 2019			February 3, 2018
	Level 1	Level 2	Level 3	Level 1	Level 2	Level 3
Cash equivalents (1):
Money market securities	$56,856	$—	$—	$46,441	$—	$—
Commercial paper	—	4,975	—	—	—	—
Marketable securities:
Commercial paper	$—	$49,704	$—	$—	$59,589	$—
Fixed income securities	—	26,215	—	—	23,161	—

(1) Excludes cash

Details of Impairment of Long-Lived Assets

As a result, we recorded non-cash impairment charges of approximately $0.8 million, $0.8 million and $2.4 million in fiscal years 2018, 2017 and 2016, respectively, to write-down the carrying value of certain long-lived store assets to their estimated fair values.



	Fiscal Year Ended
	February 2, 2019	February 3, 2018	January 28, 2017
	($ in thousands)
Carrying value of assets with impairment	$786	$848	$2,584
Fair value of assets impaired	$—	$—	$232
Number of stores tested for impairment	7	10	15
Number of stores with impairment	2	4	9

Share-Based Compensation (Tables)

12 Months Ended

Feb. 02, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Option Activity Under Stock Option Plan

The following table summarizes our stock option activity for fiscal year 2018:



	Stock Options	Grant Date Weighted Average Exercise Price	Weighted Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value(1)
			(in years)	($ in thousands)
Outstanding at February 3, 2018	1,851,250	$9.50
Granted	311,625	$11.52
Exercised	(328,625)	$11.11
Forfeited	(57,500)	$9.03
Expired	(40,500)	$14.19
Outstanding at February 2, 2019	1,736,250	$9.47	6.9	$6,451
Vested and expected to vest at February 2, 2019	1,736,250	$9.47	6.9	$6,451
Exercisable at February 2, 2019	883,125	$10.10	5.5	$3,120


(1)	Intrinsic value for stock options is defined as the difference between the market price of our Class A common stock on the last business day of the fiscal year and the weighted average exercise price of in-the-money stock options outstanding at the end of each fiscal period. The market value per share was $12.71 at February 2, 2019.

Assumptions Used to Estimate Fair Value of Stock Options Granted

The fair values of stock options granted in fiscal years 2018, 2017 and 2016 were estimated on the grant dates using the following assumptions:



	Fiscal Year Ended
	February 2, 2019	February 3, 2018	January 28, 2017
Weighted average grant-date fair value per option granted	$5.45	$3.99	$3.73
Expected option term (1)	5.0 years	5.0 years	5.0 years
Expected volatility factor (2)	51.6%	50.3%	62.8%
Risk-free interest rate (3)	2.6%	1.93%	1.34%
Expected annual dividend yield (4)	—%	—%	—%


(1)	We have limited historical information regarding expected option term. Accordingly, we determine the expected option term of the awards using the latest historical data available from comparable public companies and management’s expectation of exercise behavior.


(2)	Stock volatility for each grant is measured using the weighted average of historical daily price changes of our common stock over the most recent period equal to the expected option term of the awards.


(3)	The risk-free interest rate is determined using the rate on treasury securities with the same term as the expected life of the stock option as of the grant date.

Summary of Status of Non-Vested Restricted Stock

A summary of the status of non-vested restricted stock as of February 2, 2019 and changes during fiscal year 2018 are presented below:



	Shares	Weighted- Average Grant-Date Fair Value
Nonvested at February 3, 2018	109,532	$12.24
Granted	21,476	$14.90
Vested	(67,732)	$11.08
Forfeited	(2,375)	$16.07
Nonvested at February 2, 2019	60,901	$14.32

Schedule of Stock Based Compensation

The following table summarizes share-based compensation recorded in the accompanying Consolidated Statements of Income (in thousands):



	Fiscal Year Ended
	February 2, 2019	February 3, 2018	January 28, 2017
Cost of goods sold	$517	$612	$855
Selling, general and administrative expenses	1,695	1,799	1,717
Total share-based compensation	$2,212	$2,411	$2,572

Income Taxes (Tables)

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Abstract]

Components of Income Tax Expense

The components of income tax expense for fiscal years 2018, 2017 and 2016 were as follows (in thousands):



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Current:
Federal	$	5,818	$	6,236	$	7,939
State	2,153		1,304		1,602
	7,971		7,540		9,541
Deferred:
Federal	760		2,436		(1,121		)
State	119		533		(82		)
	879		2,969		(1,203		)
Total income tax expense	$	8,850	$	10,509	$	8,338

Reconciliation of Income Tax Expense to Amount Computed At Federal Statutory Rate

A reconciliation of income tax expense to the amount computed at the federal statutory rate for fiscal years 2018, 2017 and 2016 is as follows (in thousands):



	Fiscal Year Ended
	February 2, 2019			February 3, 2018			January 28, 2017
Federal taxes at statutory rate	$	7,097		$	8,529		$	6,913
State and local income taxes, net of federal benefit	1,795			1,216			988
Tax reform impact	—			491			—
Stock compensation discrete items (1)	(39		)	231			558
Return to provision adjustments	(108		)	124			(40		)
Other	105			(82		)	(81		)
Total income tax expense	$	8,850		$	10,509		$	8,338

(1)

Significant Components of Deferred Tax Assets and Liabilities

operations. Significant components of deferred tax assets and liabilities as of February 2, 2019 and February 3, 2018 were as follows (in thousands):



	February 2, 2019			February 3, 2018
Deferred tax assets:
Deferred rent	$	3,446		$	3,523
Share-based compensation	1,841			1,705
Inventories	1,628			1,650
Accrued expenses	985			1,079
Compensation and benefits	426			471
Deferred revenue	417			187
Other	—			55
Total deferred tax assets	8,743			8,670
Deferred tax liabilities:
Property and equipment	(6,133		)	(5,367		)
Prepaid expenses	(878		)	(526		)
Marketable securities	(84		)	(9		)
Other	(369		)	—
Total deferred tax liabilities	(7,464		)	(5,902		)
Net deferred tax asset	$	1,279		$	2,768

Earnings Per Share (Tables)

12 Months Ended

Feb. 02, 2019

Earnings Per Share [Abstract]

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share of Class A and Class B common stock, in aggregate, for fiscal years 2018, 2017 and 2016 are as follows (in thousands, except per share amounts):



	Fiscal Year Ended
	February 2, 2019		February 3, 2018		January 28, 2017
Net income	$	24,943	$	14,700	$	11,410

Weighted average basic shares outstanding	29,278		28,804		28,496
Dilutive effect of stock options and restricted stock	490		270		33
Weighted average shares for diluted earnings per share	29,768		29,074		28,529

Basic earnings per share of Class A and Class B common stock	$	0.85	$	0.51	$	0.40
Diluted earnings per share of Class A and Class B common stock	$	0.84	$	0.51	$	0.40

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share



	Fiscal Year Ended
	February 2, 2019	February 3, 2018	January 28, 2017
Stock options	553	1,058	1,818
Restricted stock	—	56	99
Total	553	1,114	1,917

Quarterly Financial Information (Tables)

12 Months Ended

Feb. 02, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data



	Fiscal Year Ended February 2, 2019
	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Net sales	$123,634	$157,406	$146,826	$170,612
Gross profit	34,977	50,105	43,656	52,157
Operating income	1,331	12,478	6,737	10,934
Net income	1,223	9,689	5,355	8,677
Basic earnings per share	$0.04	$0.33	$0.18	$0.29
Diluted earnings per share	$0.04	$0.33	$0.18	$0.29

	Fiscal Year Ended February 3, 2018
	First Quarter	Second Quarter	Third Quarter	Fourth Quarter (1)
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Net sales	$120,947	$138,810	$152,824	$164,317
Gross profit	32,905	40,929	50,094	51,440
Operating (loss) income	(329)	(1,239)	14,112	11,441
Net (loss) income	(161)	(596)	8,757	6,699
Basic (loss) earnings per share	$(0.01)	$(0.02)	$0.30	$0.23
Diluted (loss) earnings per share	$(0.01)	$(0.02)	$0.30	$0.23
(1) Includes 14 weeks

Description of Company and Basis of Presentation - Additional Information (Details)	12 Months Ended
	Feb. 02, 2019 segment store State	Feb. 03, 2018	Jan. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of stores \| store	229
Number of states in which entity operates \| State	33
Fiscal period duration	364 days	371 days	364 days
Number of reportable segments \| segment	1

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) shares in Thousands	3 Months Ended								9 Months Ended	12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Nov. 03, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Accounting Policies [Line Items]
Retained earnings	$ 13,335,000				$ 16,398,000						$ 13,335,000	$ 16,398,000
Shipping and handling cost											10,800,000	7,900,000	$ 8,100,000
Inventory markdowns											49,500,000	50,000,000	49,200,000
Reserve for unexecuted markdowns	600,000				1,100,000						600,000	1,100,000
Shipping and handling fee revenue											2,700,000	3,300,000	3,300,000
Liability for unredeemed gift cards	8,700,000				9,200,000						8,700,000	9,200,000
Revenue	170,612,000	$ 146,826,000	$ 157,406,000	$ 123,634,000	164,317,000	$ 152,824,000	$ 138,810,000	$ 120,947,000			$ 598,478,000	576,899,000	568,952,000
Expiration period for customer awards after issuance											45 days
Expiration period of partial points earned under customer loyalty program											365 days
Deferred revenue from loyalty program	1,700,000				1,200,000						$ 1,700,000	1,200,000
Advertising expense											$ 13,200,000	$ 12,100,000	$ 15,400,000
Incremental common shares used in calculating diluted EPS (in shares)											490	270	33
FDIC insured amount	250,000				250,000						$ 250,000	$ 250,000
Deferred income taxes											953,000	2,933,000	$ (1,174,000)
Cumulative-effect adjustment from adoption of ASU 2016-09	1,447,000										1,447,000
Operating Leases, Future Minimum Payments Due	324,067,000										324,067,000
Retained Earnings
Accounting Policies [Line Items]
Cumulative-effect adjustment from adoption of ASU 2016-09	1,447,000										1,447,000
Retained Earnings \| Accounting Standards Update 2016-09
Accounting Policies [Line Items]
Cumulative-effect adjustment from adoption of ASU 2016-09					(178,000)							(178,000)
Additional Paid-in Capital \| Accounting Standards Update 2016-09
Accounting Policies [Line Items]
Cumulative-effect adjustment from adoption of ASU 2016-09					178,000							178,000
Sales Returns Accrual
Accounting Policies [Line Items]
Sales returns reserve	1,400,000				$ 1,100,000						$ 1,400,000	1,100,000
Furniture and Fixtures
Accounting Policies [Line Items]
Estimated useful lives of the assets (in years)											5 years
Computer Software
Accounting Policies [Line Items]
Estimated useful lives of the assets (in years)											3 years
Maximum \| Equipment
Accounting Policies [Line Items]
Estimated useful lives of the assets (in years)											7 years
Maximum \| Cash and Cash Equivalents
Accounting Policies [Line Items]
Short term investment maturity period (in days)											90 days
Minimum \| Equipment
Accounting Policies [Line Items]
Estimated useful lives of the assets (in years)											5 years
Breakage Revenue for Gift Cards
Accounting Policies [Line Items]
Revenue											$ 17,900,000	18,500,000	20,200,000
Customer Loyalty Program
Accounting Policies [Line Items]
Contract with Customer, Liability, Revenue Recognized											1,700,000	$ 1,300,000	$ 600,000
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Accounting Policies [Line Items]
Retained earnings	$ 11,442,000										11,442,000
Revenue											$ 597,439,000
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Breakage Revenue for Gift Cards
Accounting Policies [Line Items]
Deferred Revenue, Period for Recognition									2 years
Scenario, Forecast [Member] \| Accounting Standards Update 2016-02 [Member]
Accounting Policies [Line Items]
Occupancy, Net										$ 2,000,000

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Disaggregation of Revenue [Line Items]
Revenue	$ 170,612	$ 146,826	$ 157,406	$ 123,634	$ 164,317	$ 152,824	$ 138,810	$ 120,947	$ 598,478	$ 576,899	$ 568,952
Percentage of total net sales									100.00%	100.00%	100.00%
Retail stores
Disaggregation of Revenue [Line Items]
Revenue									$ 508,853	$ 501,053	$ 492,572
E-commerce
Disaggregation of Revenue [Line Items]
Revenue									$ 89,625	$ 75,846	$ 76,380
Mens
Disaggregation of Revenue [Line Items]
Percentage of total net sales									35.00%	35.00%	33.00%
Womens
Disaggregation of Revenue [Line Items]
Percentage of total net sales									25.00%	25.00%	26.00%
Accessories
Disaggregation of Revenue [Line Items]
Percentage of total net sales									18.00%	19.00%	19.00%
Footwear
Disaggregation of Revenue [Line Items]
Percentage of total net sales									12.00%	11.00%	11.00%
Boys
Disaggregation of Revenue [Line Items]
Percentage of total net sales									6.00%	6.00%	6.00%
Girls
Disaggregation of Revenue [Line Items]
Percentage of total net sales									4.00%	4.00%	5.00%
Third-party
Disaggregation of Revenue [Line Items]
Percentage of total net sales									75.00%	74.00%	72.00%
Proprietary
Disaggregation of Revenue [Line Items]
Percentage of total net sales									25.00%	26.00%	28.00%

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Affect of Adoption of 606 (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Feb. 04, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchandise inventories	$ 55,809				$ 53,216				$ 55,809	$ 53,216
Other assets	2,185				3,736				2,185	3,736
Accrued expenses	18,756				22,731				18,756	22,731
Deferred revenue	10,373				10,879				10,373	10,879
Retained earnings	13,335				16,398				13,335	16,398
Net sales	170,612	$ 146,826	$ 157,406	$ 123,634	164,317	$ 152,824	$ 138,810	$ 120,947	598,478	576,899	$ 568,952
Cost of goods sold									417,582	401,529	400,493
Gross profit	52,157	$ 43,656	$ 50,105	$ 34,977	$ 51,440	$ 50,094	$ 40,929	$ 32,905	180,896	$ 175,370	$ 168,459
Balances without adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchandise inventories	56,429								56,429
Other assets	2,721								2,721
Accrued expenses	18,593								18,593
Deferred revenue	13,627								13,627
Retained earnings	11,442								11,442
Net sales									597,439
Cost of goods sold									417,152
Gross profit									180,287
Effect of Adoption Increase (Decrease) \| Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchandise inventories	(620)								(620)
Other assets	(536)								(536)
Accrued expenses	163								163
Deferred revenue	(3,254)								(3,254)
Retained earnings	$ 1,893								1,893			$ 1,400
Net sales									1,039
Cost of goods sold									430
Gross profit									$ 609

Marketable Securities - Investments in Marketable Securities (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Financial Instruments And Marketable Securities [Line Items]
Cost or Amortized Cost	$ 75,617	$ 82,727
Gross Unrealized Holding Gains	302	23
Estimated Fair Value	75,919	82,750
Commercial Paper
Financial Instruments And Marketable Securities [Line Items]
Cost or Amortized Cost	49,402	59,566
Gross Unrealized Holding Gains	302	23
Estimated Fair Value	49,704	59,589
Fixed income securities
Financial Instruments And Marketable Securities [Line Items]
Cost or Amortized Cost	26,215	23,161
Gross Unrealized Holding Gains	0	0
Estimated Fair Value	$ 26,215	$ 23,161

Marketable Securities - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Investment [Line Items]
Gains on sales and maturities of marketable securities	$ 1,552	$ 782	$ 251
Commercial Paper
Investment [Line Items]
Gains on sales and maturities of marketable securities	$ 1,000	$ 800	$ 300

- Definition

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.

+ References + Details

Receivables - Components of Receivables (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Receivables [Abstract]
Credit and debit card receivables	$ 2,679	$ 2,480
Tenant allowances due from landlords	2,729	1,004
Vendor receivables	467	874
Other	210	0
Less: Allowance for doubtful accounts	(3)	(6)
Total receivables	$ 6,082	$ 4,352

Prepaid Expenses and Other Current Assets - Components of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid rent	$ 7,680	$ 7,095
Prepaid maintenance	1,759	999
Prepaid insurance	816	673
Other	916	767
Total prepaid expenses and other current assets	$ 11,171	$ 9,534

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Property, Plant and Equipment [Abstract]
Leasehold improvements	$ 138,996	$ 132,428
Furniture and fixtures	45,061	43,983
Computer hardware and software	39,110	37,722
Machinery and equipment	32,377	31,509
Vehicles	2,080	1,891
Construction in progress	2,469	1,854
Property and equipment, gross	260,093	249,387
Accumulated depreciation	(186,251)	(166,066)
Property and equipment, net	$ 73,842	$ 83,321

Property and Equipment - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Property, Plant, and Equipment Disclosure [Line Items]
Depreciation expense	$ 22.5	$ 23.4	$ 23.3
Capital expenditures	14.9	13.8	17.0
Impairment of assets	0.8	0.8	2.4
Selling, General and Administrative Expenses
Property, Plant, and Equipment Disclosure [Line Items]
Impairment of assets	$ 0.8	$ 0.8	$ 2.4

Accrued Expenses - Components of Accrued Expenses (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Payables and Accruals [Abstract]
Accrued construction	$ 2,539	$ 2,075
Accrued freight	2,703	2,032
Sales and use taxes payable	1,702	2,192
Income taxes payable	1,679	343
Merchandise returns	1,399	1,133
Computer services	868	333
Loss contingencies	42	6,466
Other	7,824	8,157
Total accrued expenses	$ 18,756	$ 22,731

Line of Credit - Additional Information (Details)				3 Months Ended								12 Months Ended
Line of Credit - Additional Information (Details)	Feb. 27, 2019 $ / shares	Feb. 20, 2018 $ / shares	Feb. 24, 2017 $ / shares	Feb. 02, 2019 USD ($)	Nov. 03, 2018 USD ($)	Aug. 04, 2018 USD ($)	May 05, 2018 USD ($)	Feb. 03, 2018 USD ($)	Oct. 28, 2017 USD ($)	Jul. 29, 2017 USD ($)	Apr. 29, 2017 USD ($)	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)	Sep. 30, 2018 USD ($)	Aug. 31, 2018 USD ($)
Line of Credit Facility [Line Items]
Letters of credit facility maximum borrowing capacity				$ 25,000,000.0								$ 25,000,000.0
Dividends paid per share (usd per share) \| $ / shares		$ 1.00	$ 0.70
Net loss after taxes, maximum				8,677,000	$ 5,355,000	$ 9,689,000	$ 1,223,000	$ 6,699,000	$ 8,757,000	$ (596,000)	$ (161,000)	$ 24,943,000	$ 14,700,000	$ 11,410,000
Multiplier used for Funded Debt to EBITDAR												6
Minimum eligible inventory under credit facility				50,000,000								$ 50,000,000
Maximum
Line of Credit Facility [Line Items]
Net loss after taxes, maximum												$ (1,000,000)
Balance sheet leverage												4.00
Stand-by and Commercial Letters of Credit
Line of Credit Facility [Line Items]
Letters of credit facility maximum borrowing capacity				15,000,000.0								$ 15,000,000.0			$ 1,075,000	$ 750,000
Outstanding borrowing				$ 0								$ 0
London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Line of credit, percentage point added to reference rate (percent)												0.75%
Subsequent Event
Line of Credit Facility [Line Items]
Dividends paid per share (usd per share) \| $ / shares	$ 1.00

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Operating Leased Assets [Line Items]
Lease terms (in years)	10 years
Office and warehouse space
Operating Leased Assets [Line Items]
Rent expense	$ 0.4
Lease expiration date	Jun. 30, 2022
Office and warehouse space \| Minimum
Operating Leased Assets [Line Items]
Annual lease adjustment rate (percent)	3.00%
Office and warehouse space \| Maximum
Operating Leased Assets [Line Items]
Annual lease adjustment rate (percent)	7.00%
Building
Operating Leased Assets [Line Items]
Rent expense	$ 1.0	$ 1.0	$ 0.9
Lease expiration date	Oct. 31, 2021
Building \| Minimum
Operating Leased Assets [Line Items]
Annual lease adjustment rate (percent)	3.00%
Building \| Maximum
Operating Leased Assets [Line Items]
Annual lease adjustment rate (percent)	7.00%
Building \| Corporate headquarters and distribution center
Operating Leased Assets [Line Items]
Rent expense	$ 2.1	$ 1.1	$ 1.0

Leases - Future Minimum Operating Rental Commitments (Details) $ in Thousands	Feb. 02, 2019 USD ($)
Operating Leased Assets [Line Items]
2018	$ 63,893
2019	60,132
2020	53,815
2021	44,171
2022	35,111
Thereafter	66,945
Total	324,067
Related Party
Operating Leased Assets [Line Items]
2018	3,351
2019	3,451
2020	3,274
2021	2,278
2022	2,163
Thereafter	9,112
Total	23,629
Other
Operating Leased Assets [Line Items]
2018	60,542
2019	56,681
2020	50,541
2021	41,893
2022	32,948
Thereafter	57,833
Total	$ 300,438

Leases - Rent Expense Under Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Leases [Abstract]
Minimum rentals	$ 41,775	$ 35,578	$ 42,988
Contingent rentals	2,339	1,552	1,212
Total rent expense	$ 44,114	$ 37,130	$ 44,200

- 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

Commitment And Contingencies - Additional Information (Details) customer in Thousands		1 Months Ended	12 Months Ended
	Jun. 10, 2015 USD ($)	Aug. 31, 2018 USD ($) customer	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Jul. 31, 2017 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Total future minimum payment due			$ 6,100,000
Future minimum payment due in fiscal 2019			2,600,000
Future minimum payment due in fiscal 2020			1,900,000
Future minimum payment due in fiscal 2021			1,200,000
Future minimum payment due in fiscal 2022			$ 400,000
Loss Contingencies [Line Items]
Redemption period			6 months
Litigation settlement	$ 2,000,000
Litigation settlement term (in years)	3 years
Lauren Minniti v. Tilly's, Inc.
Loss Contingencies [Line Items]
Damages sought per violation				$ 500
Established loss provisions					$ 6,200,000
Reduction in original accrual estimate		$ 1,500,000
Litigation settlement, discount coupons issued to customers, number of customers \| customer		612
Litigation settlement, discount coupons issued to customers, one time discount, percent		50.00%
Litigation settlement, discount coupons issued to customers, one time discount, purchase transaction threshold		$ 1,000
Litigation settlement, discount coupons issued to customers, percentage redeemed			2.00%
Percentage of total sales transactions			0.20%
Percentage of total sales			0.50%
Percentage of net margin dollars produced per redemption transaction			25.00%

Fair Value Measurements - Financial Assets Categorized Based on Priority of Inputs to Valuation Technique Instruments (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Fair Value, Inputs, Level 1 \| Cash Equivalents \| Money Market Instruments
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents	$ 56,856	$ 46,441
Fair Value, Inputs, Level 1 \| Cash Equivalents \| Commercial Paper
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents	0	0
Fair Value, Inputs, Level 1 \| Marketable Securities \| Commercial Paper
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	0	0
Fair Value, Inputs, Level 1 \| Marketable Securities \| Fixed income securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	0	0
Fair Value, Inputs, Level 2 \| Cash Equivalents \| Money Market Instruments
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents	0	0
Fair Value, Inputs, Level 2 \| Cash Equivalents \| Commercial Paper
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents	4,975	0
Fair Value, Inputs, Level 2 \| Marketable Securities \| Commercial Paper
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	49,704	59,589
Fair Value, Inputs, Level 2 \| Marketable Securities \| Fixed income securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	26,215	23,161
Fair Value, Inputs, Level 3 \| Cash Equivalents \| Money Market Instruments
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents	0	0
Fair Value, Inputs, Level 3 \| Cash Equivalents \| Commercial Paper
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents	0	0
Fair Value, Inputs, Level 3 \| Marketable Securities \| Commercial Paper
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	0	0
Fair Value, Inputs, Level 3 \| Marketable Securities \| Fixed income securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	$ 0	$ 0

Fair Value Measurements - Details of Impairment of Long-Lived Assets (Details) $ in Thousands	12 Months Ended
	Feb. 02, 2019 USD ($) store	Feb. 03, 2018 USD ($) store	Jan. 28, 2017 USD ($) store
Fair Value Disclosures [Abstract]
Carrying value of assets with impairment \| $	$ 786	$ 848	$ 2,584
Fair value of assets impaired \| $	$ 0	$ 0	$ 232
Number of stores tested for impairment \| store	7	10	15
Number of stores with impairment \| store	2	4	9

Fair Value Measurements - Additional Information (Details) $ in Millions	12 Months Ended
	Feb. 02, 2019 USD ($) store	Feb. 03, 2018 USD ($) store	Jan. 28, 2017 USD ($) store
Fair Value Disclosures [Abstract]
Number of stores with impairment \| store	2	4	9
Carrying value of long lived assets \| $	$ 0.8	$ 0.8	$ 2.4

Share Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards vesting (percent)	25.00%
Vesting period (in years)	4 years
Expiration period (in years)	10 years
Total intrinsic value of options exercised	$ 2,000	$ 1,300	$ 900
Total fair value of options vested	1,600	1,600	2,000
Proceeds from exercise of stock options	3,652	3,394	2,080
Tax benefit realized from stock options exercised	500	500	400
Share-based compensation expense	2,212	$ 2,411	$ 2,572
Total unrecognized stock-based compensation expense related to unvested stock options and restricted stock grants	$ 3,100
Weighted average recognition period	2 years 2 months
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (in dollars per share)		$ 10.39	$ 6.17
Fair value of stock vested	$ 900	$ 700	$ 500
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards vesting (percent)	50.00%
Director \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	2 years
Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards vesting (percent)	25.00%
Employee \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	4 years
Stock Incentive Plan 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance (in shares)	1,530,115
Stock Incentive Plan 2012 \| Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized (up to)				4,413,900

Share-Based Compensation - Stock Option Activity Under Stock Option Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Stock options
Beginning balance (in shares)	1,851,250
Granted (in shares)	311,625
Exercised (in shares)	(328,625)
Forfeited (in shares)	(57,500)
Expired (in shares)	(40,500)
Ending balance (in shares)	1,736,250	1,851,250
Vested and expected to vest ending balance (in shares)	1,736,250
Exercisable ending balance (in shares)	883,125
Grant date weighted average exercise price
Grant date weighted average exercise price, Beginning balance (in dollars per share)	$ 9.50
Grant date weighted average exercise price, Granted (in dollars per share)	11.52
Grant date weighted average exercise price, Exercised (in dollars per share)	11.11
Grant date weighted average exercise price, Forfeited (in dollars per share)	9.03
Grant date weighted average exercise price, Expired (in dollars per share)	14.19
Grant date weighted average exercise price, Ending balance (in dollars per share)	9.47	$ 9.50
Grant date weighted average exercise price, Vested and expected to vest ending balance (in dollars per share)	9.47
Grant date weighted average exercise price, Exercisable ending balance (in dollars per share)	$ 10.10
Average remaining contractual life
Outstanding at end of period (in years)	6 years 11 months
Vested and expected to vest end of period (in years)	6 years 11 months
Exercisable ending balance (in years)	5 years 6 months
Aggregate intrinsic value
Outstanding at end of period	$ 6,451
Vested and expected to vest ending balance	6,451
Exercisable ending balance	$ 3,120
Class A Common Stock
Stock options
Exercised (in shares)		(308,000)	(215,000)
Aggregate intrinsic value
Market value per share (in dollars per share)	$ 12.71

Share-Based Compensation - Assumptions Used to Estimate Fair Value of Stock Options Granted (Details) - $ / shares	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Average fair value per option granted (in dollars per share)	$ 5.45	$ 3.99	$ 3.73
Expected option term (in years)	5 years	5 years	5 years
Expected volatility factor (percent)	51.60%	50.30%	62.80%
Risk-free interest rate (percent)	2.60%	1.93%	1.34%
Expected annual dividend yield (percent)	0.00%	0.00%	0.00%

Share-Based Compensation - Summary of Status of Non-Vested Restricted Stock (Details) - Non Vested	12 Months Ended
	Feb. 02, 2019 $ / shares shares
Shares
Beginning Balance (in shares) \| shares	109,532
Granted (in shares) \| shares	21,476
Vested (in shares) \| shares	(67,732)
Forfeited (in shares) \| shares	(2,375)
Ending Balance (in shares) \| shares	60,901
Weighted average grant date fair value
Weighted average grant date fair value, Beginning Balance (in dollars per share) \| $ / shares	$ 12.24
Weighted average grant date fair value, Granted (in dollars per share) \| $ / shares	14.90
Weighted average grant date fair value, Vested (in dollars per share) \| $ / shares	11.08
Weighted average grant date fair value, Forfeited (in dollars per share) \| $ / shares	16.07
Weighted average grant date fair value, Ending Balance (in dollars per share) \| $ / shares	$ 14.32

Share-Based Compensation - Schedule of Stock Based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2,212	$ 2,411	$ 2,572
Cost of Goods Sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	517	612	855
Selling, General and Administrative Expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,695	$ 1,799	$ 1,717

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Current:
Federal	$ 5,818	$ 6,236	$ 7,939
State	2,153	1,304	1,602
Total current tax expense	7,971	7,540	9,541
Deferred:
Federal	760	2,436	(1,121)
State	119	533	(82)
Total deferred tax expense	879	2,969	(1,203)
Total income tax expense	$ 8,850	$ 10,509	$ 8,338

Income Taxes - Reconciliation of Income Tax Expense to the Amount Computed at Federal Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Income Tax Disclosure [Abstract]
Federal taxes at statutory rate	$ 7,097	$ 8,529	$ 6,913
State and local income taxes, net of federal benefit	1,795	1,216	988
Tax reform impact	0	491	0
Return to provision adjustments	(108)	124	(40)
Stock compensation discrete items	(39)	231	558
Other	105	(82)	(81)
Total income tax expense	$ 8,850	$ 10,509	$ 8,338

Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Deferred tax assets:
Deferred rent	$ 3,446	$ 3,523
Share-based compensation	1,841	1,705
Inventories	1,628	1,650
Accrued expenses	985	1,079
Compensation and benefits	426	471
Deferred revenue	417	187
Other	0	55
Total deferred tax assets	8,743	8,670
Deferred tax liabilities:
Property and equipment	(6,133)	(5,367)
Prepaid expenses	(878)	(526)
Marketable securities	84	9
Other	(369)	0
Total deferred tax liabilities	(7,464)	(5,902)
Net deferred tax asset	$ 1,279	$ 2,768

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Tax Credit Carryforward [Line Items]
Unrecognized tax benefits	$ 0	$ 0
Interest or penalties related to unrecognized tax benefits	0	0	$ 0
California
Tax Credit Carryforward [Line Items]
Tax credit carryovers	$ 200,000	$ 100,000

Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Net income	$ 8,677	$ 5,355	$ 9,689	$ 1,223	$ 6,699	$ 8,757	$ (596)	$ (161)	$ 24,943	$ 14,700	$ 11,410
Weighted average basic shares outstanding (in shares)									29,278	28,804	28,496
Dilutive effect of stock options and restricted stock (in shares)									490	270	33
Weighted average shares for diluted earnings per share (in shares)									29,768	29,074	28,529
Basic earnings per share of Class A and Class B common stock (in dollars per share)	$ 0.29	$ 0.18	$ 0.33	$ 0.04	$ 0.23	$ 0.30	$ (0.02)	$ (0.01)
Diluted earnings per share of Class A and Class B common stock (in dollars per share)	$ 0.29	$ 0.18	$ 0.33	$ 0.04	$ 0.23	$ 0.30	$ (0.02)	$ (0.01)
Class A and Class B common stock
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Basic earnings per share of Class A and Class B common stock (in dollars per share)									$ 0.85	$ 0.51	$ 0.40
Diluted earnings per share of Class A and Class B common stock (in dollars per share)									$ 0.84	$ 0.51	$ 0.40

Earnings Per Share - Anti-dilutive Securities (Details) - shares shares in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of diluted earning per share	553	1,114	1,917
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of diluted earning per share	553	1,058	1,818
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of diluted earning per share	0	56	99

Related Party Transactions - Additional Information (Details) - USD ($)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Presidents Charitable Organization, Tilly's Life Center
Related Party Transaction [Line Items]
Charitable pledge (up to)	$ 200,000	$ 70,000	$ 50,000

Quarterly Financial Information (Unaudited) - Selected Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 170,612	$ 146,826	$ 157,406	$ 123,634	$ 164,317	$ 152,824	$ 138,810	$ 120,947	$ 598,478	$ 576,899	$ 568,952
Gross profit	52,157	43,656	50,105	34,977	51,440	50,094	40,929	32,905	180,896	175,370	168,459
Operating income	10,934	6,737	12,478	1,331	11,441	14,112	(1,239)	(329)	31,480	23,986	19,330
Net income	$ 8,677	$ 5,355	$ 9,689	$ 1,223	$ 6,699	$ 8,757	$ (596)	$ (161)	$ 24,943	$ 14,700	$ 11,410
Basic earnings per share (in dollars per share)	$ 0.29	$ 0.18	$ 0.33	$ 0.04	$ 0.23	$ 0.30	$ (0.02)	$ (0.01)
Diluted earnings per share (in dollars per share)	$ 0.29	$ 0.18	$ 0.33	$ 0.04	$ 0.23	$ 0.30	$ (0.02)	$ (0.01)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands							12 Months Ended
	Feb. 27, 2019	Jan. 31, 2019	Feb. 20, 2018	Jan. 24, 2018	Feb. 24, 2017	Jan. 31, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Equity [Abstract]
Dividends paid per share (usd per share)		$ 1.00		$ 1.00		$ 0.70
Subsequent Event [Line Items]
Payments of dividends			$ 29,100		$ 20,100		$ 29,067	$ 20,080	$ 0
Subsequent Event
Subsequent Event [Line Items]
Payments of dividends	$ 29,500

Retirement Savings Plan	12 Months Ended
Retirement Savings Plan	Feb. 02, 2019
Retirement Benefits [Abstract]
Retirement Savings Plan	Retirement Savings Plan The Tillys 401(k) Plan (the “401(k) Plan”) is a qualified plan under Section 401(k) of the Internal Revenue Code. The 401(k) Plan covers all employees that have attained age 21 and completed at least three months of employment tenure. Matching contributions to the 401(k) Plan by the Company are made at the discretion of our Board of Directors. Total employer contributions to the 401(k) Plan totaled $0.6 million, $0.6 million and $0.8 million in fiscal years 2018, 2017 and 2016, respectively.

Related Party Transactions	12 Months Ended
Related Party Transactions	Feb. 02, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Certain Leases As discussed in “Note 9: Leases”, we lease certain facilities from companies that are owned by the co-founders of Tillys. Tilly's Life Center Tilly’s Life Center, (“TLC”), is a charitable organization which provides underprivileged youth a healthy and caring environment. The Company’s co-founder is also the founder and President of TLC. In fiscal 2018, 2017 and 2016, our Board of Directors approved annual financial support for TLC of $200,000, $70,000 and $50,000, respectively, for each fiscal year.

Retirement Savings Plan - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Retirement Benefits [Abstract]
Age of employees covered by plan	21 years
Service period required (in months)	3 months
Total employer contribution	$ 0.6	$ 0.6	$ 0.8

Earnings Per Share - Additional Information (Details)	12 Months Ended
Earnings Per Share - Additional Information (Details)	Feb. 02, 2019 vote / shares
Class A Common Stock
Earnings Per Share [Line Items]
Number of votes	1
Class B Common Stock
Earnings Per Share [Line Items]
Number of votes	10