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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	May 04, 2019	May 31, 2019
Document and Entity Information
Entity Registrant Name	OXFORD INDUSTRIES INC
Entity Central Index Key	0000075288
Current Fiscal Year End Date	--02-01
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	May 04, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		17,019,117
Entity Current Reporting Status	Yes
Entity Shell Company	false

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Current Assets
Cash and cash equivalents	$ 5,501	$ 8,327	$ 4,662
Receivables, net	85,857	69,037	81,274
Inventories, net	157,221	160,656	132,342
Prepaid expenses and other current assets	24,588	31,768	31,994
Total Current Assets	273,167	269,788	250,272
Property and equipment, net	191,104	192,576	196,734
Intangible assets, net	175,883	176,176	178,111
Goodwill	66,597	66,621	66,577
Right of use lease assets	294,131
Other non-current assets, net	23,543	22,093	25,037
Total Assets	1,024,425	727,254	716,731
Current Liabilities
Accounts payable	52,121	81,612	51,615
Accrued compensation	19,719	24,226	19,153
Current lease liabilities	53,683
Other accrued expenses and liabilities	40,778	36,371	40,421
Total Current Liabilities	166,301	142,209	111,189
Long-term debt	33,182	12,993	72,244
Long-term lease liabilities	295,399
Other non-current liabilities	16,707	75,286	73,588
Deferred taxes	19,664	18,411	16,045
Commitments and contingencies
Shareholders’ Equity
Common stock, $1.00 par value per share	17,019	16,959	16,937
Additional paid-in capital	142,761	142,976	136,297
Retained earnings	338,875	323,515	295,086
Accumulated other comprehensive loss	(5,483)	(5,095)	(4,655)
Total Shareholders’ Equity	493,172	478,355	443,665
Total Liabilities and Shareholders’ Equity	$ 1,024,425	$ 727,254	$ 716,731

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	May 04, 2019	Feb. 02, 2019	May 05, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00	$ 1.00

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Income Statement [Abstract]
Net sales	$ 281,973	$ 272,628
Cost of goods sold	116,204	108,482
Gross profit	165,769	164,146
SG&A	139,814	139,720
Royalties and other operating income	3,787	3,947
Operating income	29,742	28,373
Interest expense, net	671	781
Earnings before income taxes	29,071	27,592
Income taxes	7,414	7,025
Net earnings	$ 21,657	$ 20,567
Net earnings per share:
Basic (in dollars per share)	$ 1.30	$ 1.24
Diluted (in dollars per share)	$ 1.29	$ 1.23
Weighted average shares outstanding:
Basic (in shares)	16,713	16,639
Diluted (in shares)	16,848	16,769
Dividends declared per share (in dollars per share)	$ 0.37	$ 0.34

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 21,657	$ 20,567
Other comprehensive income (loss), net of taxes:
Net foreign currency translation adjustment	(388)	(581)
Comprehensive income	$ 21,269	$ 19,986

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Cash Flows From Operating Activities:
Net earnings	$ 21,657	$ 20,567
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	9,845	9,435
Amortization of intangible assets	292	691
Equity compensation expense	1,876	1,718
Amortization of deferred financing costs	106	106
Deferred income taxes	1,019	660
Changes in working capital, net of acquisitions and dispositions:
Receivables, net	(17,088)	(13,795)
Inventories, net	3,208	(5,763)
Prepaid expenses and other current assets	1,811	3,402
Current liabilities	(29,170)	(23,429)
Other balance sheet changes	356	(736)
Cash used in operating activities	(6,088)	(7,144)
Cash Flows From Investing Activities:
Acquisitions, net of cash acquired	0	(302)
Purchases of property and equipment	(8,282)	(12,838)
Cash used in investing activities	(8,282)	(13,140)
Cash Flows From Financing Activities:
Repayment of revolving credit arrangements	(77,323)	(64,266)
Proceeds from revolving credit arrangements	97,512	90,700
Proceeds from issuance of common stock	422	385
Repurchase of equity awards for employee tax withholding liabilities	(2,453)	(2,372)
Cash dividends declared and paid	(6,297)	(5,758)
Other financing activities	(282)	0
Cash provided by financing activities	11,579	18,689
Net change in cash and cash equivalents	(2,791)	(1,595)
Effect of foreign currency translation on cash and cash equivalents	(35)	(86)
Cash and cash equivalents at the beginning of year	8,327	6,343
Cash and cash equivalents at the end of the period	5,501	4,662
Supplemental disclosure of cash flow information:
Cash paid for interest, net	514	635
Cash paid for income taxes	$ 534	$ 334

Basis of Presentation:	3 Months Ended
Basis of Presentation:	May 04, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation:	Basis of Presentation: The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial reporting and the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. We believe the accompanying unaudited condensed consolidated financial statements reflect all normal, recurring adjustments that are necessary for a fair presentation of our financial position and results of operations as of the dates and for the periods presented. The preparation of our unaudited condensed consolidated financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the amounts reported as assets, liabilities, revenues and expenses in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Results of operations for the interim periods presented are not necessarily indicative of results to be expected for our full fiscal year. The significant accounting policies applied during the interim periods presented are consistent with the significant accounting policies described in our Annual Report on Form 10-K for Fiscal 2018, except for the adoption of the new lease accounting guidance in the First Quarter of Fiscal 2019 as discussed below and in Note 5. Accounting Standards Adopted in Fiscal 2019 In February 2016, the FASB issued revised lease accounting guidance. The guidance requires companies to record substantially all leases, including operating leases, as assets and liabilities on the balance sheet. For these leases, we are required to recognize (1) an operating lease asset which will represent our right to use, or control the use of, a specified asset for a lease term and (2) a lease liability equal to our obligation to make lease payments arising from a lease, measured on a discounted basis. The guidance was adopted on the first day of the First Quarter of Fiscal 2019 using a modified retrospective approach. The modified retrospective approach allows us to apply the standard and related disclosures to the financial statements for the period of adoption and apply the previous guidance in the prior year comparative periods. The adoption of the new guidance had a material impact on our condensed consolidated balance sheet as a result of the non-cash recognition of operating lease assets and operating lease liabilities, but did not have a material impact on our consolidated statements of operations or cash flows. At adoption of the revised lease accounting guidance, we elected to adopt the package of transition practical expedients and, therefore, have not reassessed (1) whether exiting or expired contracts contain a lease, (2) lease classification for existing or expired leases, or (3) the accounting for initial direct costs that were previously capitalized. We did not elect the practical expedient to use hindsight for leases existing at the adoption date. Refer to Note 5 for additional disclosures and information about accounting for leases. Recently Issued Accounting Standards Applicable to Future Periods In June 2016, the FASB issued guidance, as amended, on the measurement of credit losses on financial instruments. This guidance amends the impairment model by requiring that companies use a forward-looking approach based on expected losses to estimate credit losses on certain financial instruments, including trade receivables. This guidance will be effective in Fiscal 2020 with early adoption permitted. We are currently assessing the impact that adopting this guidance will have on our consolidated financial statements. Recent accounting pronouncements pending adoption not discussed above are either not applicable or will not have or are not expected to have a material impact on our consolidated financial statements.

Operating Group Information:

3 Months Ended

May 04, 2019

Segment Reporting [Abstract]

Operating Group Information:

Operating Group Information: We identify our operating groups based on the way our management organizes the components of our business for purposes of allocating resources and assessing performance. Our operating group structure reflects a brand-focused management approach, emphasizing operational coordination and resource allocation across each brand's direct to consumer, wholesale and licensing operations, as applicable. Our business is primarily operated through our Tommy Bahama, Lilly Pulitzer, Lanier Apparel and Southern Tide operating groups.

Tommy Bahama, Lilly Pulitzer and Southern Tide each design, source, market and distribute apparel and related products bearing their respective trademarks and license their trademarks for other product categories, while Lanier Apparel designs, sources and distributes branded and private label men's tailored clothing, sportswear and other products. Corporate and Other is a reconciling category for reporting purposes and includes our corporate offices, substantially all financing activities, the elimination of inter-segment sales and any other items that are not allocated to the operating groups including LIFO accounting adjustments. Because our LIFO inventory pool does not correspond to our operating group definitions, LIFO inventory accounting adjustments are not allocated to the operating groups. Corporate and Other also includes the operations of other businesses which are not included in our operating groups, including the operations of TBBC and our Lyons, Georgia distribution center. For a more extensive description of our operating groups, see Part I, Item 1. Business included in our Annual Report on Form 10-K for Fiscal 2018.

The tables below present certain financial information (in thousands) about our operating groups, as well as Corporate and Other.



	First Quarter Fiscal 2019			First Quarter Fiscal 2018
Net sales
Tommy Bahama	$	164,730		$	167,132
Lilly Pulitzer	72,595			68,627
Lanier Apparel	26,589			19,909
Southern Tide	14,134			13,472
Corporate and Other	3,925			3,488
Total net sales	$	281,973		$	272,628
Depreciation and amortization
Tommy Bahama	$	6,840		$	7,066
Lilly Pulitzer	2,683			2,479
Lanier Apparel	140			141
Southern Tide	134			125
Corporate and Other	340			315
Total depreciation and amortization	$	10,137		$	10,126
Operating income (loss)
Tommy Bahama	$	15,192		$	14,303
Lilly Pulitzer	15,252			15,826
Lanier Apparel	1,182			362
Southern Tide	2,517			2,487
Corporate and Other	(4,401		)	(4,605		)
Total operating income	$	29,742		$	28,373
Interest expense, net	671			781
Earnings before income taxes	$	29,071		$	27,592

The tables below quantify, for each operating group and in total, the amount of net sales by distribution channel (in thousands) and as a percentage of net sales for each period presented.



	First Quarter of Fiscal 2019
	Net Sales		Retail	E-commerce	Restaurant	Wholesale	Other
Tommy Bahama	$	164,730	47%	15%	14%	24%	—%
Lilly Pulitzer	72,595		42%	25%	—%	33%	—%
Lanier Apparel	26,589		—%	1%	—%	99%	—%
Southern Tide	14,134		—%	13%	—%	87%	—%
Corporate and Other	3,925		—%	61%	—%	30%	9%
Total	$	281,973	38%	17%	9%	36%	—%
	First Quarter of Fiscal 2018
	Net Sales		Retail	E-commerce	Restaurant	Wholesale	Other
Tommy Bahama	$	167,132	46%	15%	15%	24%	—%
Lilly Pulitzer	68,627		44%	24%	—%	32%	—%
Lanier Apparel	19,909		—%	—%	—%	100%	—%
Southern Tide	13,472		—%	12%	—%	88%	—%
Corporate and Other	3,488		—%	60%	—%	23%	17%
Total	$	272,628	40%	16%	9%	35%	—%

Shareholders' Equity Shareholders' Equity

3 Months Ended

May 04, 2019

Equity [Abstract]

Shareholders' Equity

Shareholders' Equity: The following tables detail the changes (in thousands) in our common stock, additional paid-in capital ("APIC"), retained earnings and accumulated other comprehensive (loss) income ("AOCI"), for each period presented.



	First Quarter Fiscal 2019
	Common Stock			APIC			Retained Earnings			AOCI			Total
February 2, 2019	$	16,959		$	142,976		$	323,515		$	(5,095	)	$	478,355
Net earnings and other comprehensive income	—			—			21,657			(388		)	21,269
Shares issued under equity plans	91			331			—			—			422
Compensation expense for equity awards	—			1,876			—			—			1,876
Repurchase of shares	(31		)	(2,422		)	—			—			(2,453		)
Cash dividends declared and paid	—			—			(6,297		)	—			(6,297		)
Cumulative effect of change in accounting standards	—			—			—			—			—
May 4, 2019	$	17,019		$	142,761		$	338,875		$	(5,483	)	$	493,172
	First Quarter Fiscal 2018
	Common Stock			APIC			Retained Earnings			AOCI			Total
February 3, 2018	$	16,839		$	136,664		$	280,395		$	(4,074	)	$	429,824
Net earnings and other comprehensive income	—			—			20,567			(581		)	19,986
Shares issued under equity plans	128			257			—			—			385
Compensation expense for equity awards	—			1,718			—			—			1,718
Repurchase of shares	(30		)	(2,342		)	—			—			(2,372		)
Cash dividends declared and paid	—			—			(5,758		)	—			(5,758		)
Cumulative effect of change in accounting standards	—			—			(118		)	—			(118		)
May 5, 2018	$	16,937		$	136,297		$	295,086		$	(4,655	)	$	443,665

Substantially all amounts included in AOCI in our consolidated balance sheets, as well as any related changes, for each period presented, reflect the net foreign currency translation adjustment related to our Tommy Bahama operations in Canada, Australia and Japan. No amounts were reclassified from AOCI to our consolidated statements of operations for any period presented.

Revenue Recognition:

3 Months Ended

May 04, 2019

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition: Our revenue consists of direct to consumer sales, including our retail store, e-commerce and restaurant operations, and wholesale sales, which are included in net sales in our consolidated statements of operations, as well as royalty income, which represents substantially all amounts included in royalties and other income in our consolidated statements of operations. We recognize revenue when performance obligations under the terms of the contracts with our customers are satisfied. Our accounting policies related to revenue recognition for each type of contract with customers, including a description of the related performance obligations, return rights, allowances, discounts, credit terms and other information, is described in the significant accounting policies described in our Annual Report on Form 10-K for Fiscal 2018.

The table below quantifies the amount of net sales by distribution channel (in thousands) for each period presented.



	First Quarter of Fiscal 2019		First Quarter of Fiscal 2018
Retail	$	108,006	$	107,735
E-commerce	47,989		44,522
Restaurant	23,601		25,293
Wholesale	101,926		94,376
Other	451		702
Net sales	$	281,973	$	272,628

Substantially all amounts recognized in receivables, net represent receivables related to contracts with customers. In the ordinary course of our wholesale operations, we offer discounts, allowances and cooperative advertising support to some of our wholesale customers for certain products. We record the discounts, returns and allowances as a reduction to net sales in our consolidated statements of operations and as a reduction to receivables, net in our consolidated balance sheets. As of May 4, 2019, February 2, 2019 and May 5, 2018, reserve balances recorded as a reduction to receivables related to these items were $8 million, $7 million and $6 million, respectively

In addition to trade and other receivables, income tax receivables of $1 million, $1 million and $5 million and tenant allowances due from landlord of $1 million, $0 million and $1 million are included in receivables, net in our consolidated balance sheet as of May 4, 2019, February 2, 2019 and May 5, 2018, respectively. As of May 4, 2019, February 2, 2019 and May 5, 2018, prepaid expenses and other current assets included $3 million, $2 million and $3 million representing the estimated value of inventory for wholesale and direct to consumer sales returns. We did not have any significant contract assets related to contracts with customers, other than receivables and the value of inventory associated with reserves for expected sales returns, as of May 4, 2019, February 2, 2019 and May 5, 2018.

An estimated sales return liability of $5 million, $3 million and $5 million for expected direct to consumer returns is classified in other accrued expenses and liabilities in our consolidated balance sheet as of May 4, 2019, February 2, 2019 and May 5, 2018, respectively. Contract liabilities for gift cards purchased by consumers and merchandise credits received by customers but not yet redeemed, less any breakage income recognized to date, is included in other accrued expenses and liabilities in our consolidated balance sheets and totaled $12 million, $12 million and $10 million as of May 4, 2019, February 2, 2019, and May 5, 2018, respectively.

Leases Leases

3 Months Ended

May 04, 2019

Leases [Abstract]

Leases

Leases: We enter into real estate lease agreements for retail, food and beverage, office and warehouse/distribution space, as well as leases for certain equipment. Our leases have varying terms and expirations and frequently have provisions to extend, renew or terminate the lease agreement at our discretion, among other terms and conditions. Our retail and restaurant leases typically provide for contingent rent based on sales if certain sales thresholds are achieved. Most of our leases provide for payments of real estate taxes, insurance and other operating expenses applicable to the property, and certain of our leases require payment of sales taxes on rental payments. Payments for real estate taxes, sales taxes, insurance and other operating expenses are not included in lease expense. Our lease agreements do not include any material residual value guarantees or material restrictive financial covenants.

Substantially all of our leases are classified as operating leases, which have not historically been recognized as assets and liabilities in our consolidated balance sheets. When a non-cancelable operating lease includes fixed escalation clauses or lease incentives for rent holidays, rent expense is generally recognized on a straight-line basis over the initial term of the lease from the date that we take possession of the space and assumes that any termination options included in the lease will not be exercised. Contingent rents, including those based on a percentage of retail sales over stated levels, and rental payment increases based on a contingent future event have been recognized as the expense is incurred. The difference between the rents payable under the lease and the amount recognized on a straight-line basis has historically been recorded in other non-current liabilities in our consolidated balance sheets, with the exception of the amounts recognized in current lease liabilities. Also, any tenant improvement allowance amounts received from the landlord have historically been deferred as a liability in our consolidated balance sheets and then recognized in our consolidated statements of operations as a reduction to rent expense over the term of the lease agreement on a straight-line basis. Deferred rent in our consolidated balance sheets, including tenant improvement allowances and all amounts in non-current and current liabilities, as of February 2, 2019 was $61 million.

Pursuant to the revised lease accounting guidance adopted in the First Quarter of Fiscal 2019, we determine if an arrangement is a lease at contract inception. Operating lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The significant judgments in calculating the present value of lease obligations include determining the lease term and lease payment amounts, which are dependent upon our assessment of the likelihood of exercising renewal or termination options, as well as the discount rate applied to the unpaid lease payments. Operating leases are included in operating lease assets, current operating lease liabilities and non-current operating lease liabilities in our consolidated balance sheet. The operating lease asset at commencement reflects the operating lease liability reduced for any lease incentives, including tenant improvement allowances. Lease expense for operating leases is recognized on a straight-line basis over the lease term, which is consistent with the previous guidance. Variable rental payments based on a percentage of retail sales over contractual levels and variable incremental rental payments adjusted periodically for inflation are both recognized as incurred.

We account for the underlying operating lease asset at the individual lease level. Typically, we do not include renewal or termination options in the underlying lease term as the probability of exercise is not reasonably certain. The revised lease guidance requires us to discount our unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, our incremental borrowing rate. As our leases typically do not provide an implicit rate, we use an estimated incremental borrowing rate based on information available at commencement date, or as of February 3, 2019 for any leases in place at adoption of the revised guidance. Our incremental borrowing rate for a lease is the rate of interest we would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Finance leases are not material to our consolidated financial statements.

Substantially all lease expense is included in SG&A in our consolidated statements of operations. For the First Quarter of Fiscal 2019 operating lease expense was $16 million and variable lease expense was $5 million resulting in total lease expense of $21 million. As of May 4, 2019, the weighted-average remaining operating lease term was seven years and the weighted-average discount rate for operating leases was 5%. Cash paid for lease amounts included in the measurement of operating lease liabilities in the First Quarter of Fiscal 2019 was $17 million.

As of May 4, 2019, the required lease liability payments for the fiscal years specified below were as follows (in 000s):



	Operating lease
Remainder of 2019	$	50,835
2020	59,664
2021	62,349
2022	58,682
2023	55,150
2024	42,122
After 2024	80,852
Total lease payments	$	409,654
Less: Difference between discounted and undiscounted lease payments	60,572
Present value of lease liabilities	$	349,082

Basis of Presentation: (Policies)	3 Months Ended
Basis of Presentation: (Policies)	May 04, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards Applicable to Future Periods In June 2016, the FASB issued guidance, as amended, on the measurement of credit losses on financial instruments. This guidance amends the impairment model by requiring that companies use a forward-looking approach based on expected losses to estimate credit losses on certain financial instruments, including trade receivables. This guidance will be effective in Fiscal 2020 with early adoption permitted. We are currently assessing the impact that adopting this guidance will have on our consolidated financial statements. Recent accounting pronouncements pending adoption not discussed above are either not applicable or will not have or are not expected to have a material impact on our consolidated financial statements.

Operating Group Information: (Tables)

3 Months Ended

May 04, 2019

Segment Reporting [Abstract]

Schedule of information pertaining to the operating groups

The tables below present certain financial information (in thousands) about our operating groups, as well as Corporate and Other.



	First Quarter Fiscal 2019			First Quarter Fiscal 2018
Net sales
Tommy Bahama	$	164,730		$	167,132
Lilly Pulitzer	72,595			68,627
Lanier Apparel	26,589			19,909
Southern Tide	14,134			13,472
Corporate and Other	3,925			3,488
Total net sales	$	281,973		$	272,628
Depreciation and amortization
Tommy Bahama	$	6,840		$	7,066
Lilly Pulitzer	2,683			2,479
Lanier Apparel	140			141
Southern Tide	134			125
Corporate and Other	340			315
Total depreciation and amortization	$	10,137		$	10,126
Operating income (loss)
Tommy Bahama	$	15,192		$	14,303
Lilly Pulitzer	15,252			15,826
Lanier Apparel	1,182			362
Southern Tide	2,517			2,487
Corporate and Other	(4,401		)	(4,605		)
Total operating income	$	29,742		$	28,373
Interest expense, net	671			781
Earnings before income taxes	$	29,071		$	27,592

Schedule of net sales by distribution channel

The tables below quantify, for each operating group and in total, the amount of net sales by distribution channel (in thousands) and as a percentage of net sales for each period presented.



	First Quarter of Fiscal 2019
	Net Sales		Retail	E-commerce	Restaurant	Wholesale	Other
Tommy Bahama	$	164,730	47%	15%	14%	24%	—%
Lilly Pulitzer	72,595		42%	25%	—%	33%	—%
Lanier Apparel	26,589		—%	1%	—%	99%	—%
Southern Tide	14,134		—%	13%	—%	87%	—%
Corporate and Other	3,925		—%	61%	—%	30%	9%
Total	$	281,973	38%	17%	9%	36%	—%
	First Quarter of Fiscal 2018
	Net Sales		Retail	E-commerce	Restaurant	Wholesale	Other
Tommy Bahama	$	167,132	46%	15%	15%	24%	—%
Lilly Pulitzer	68,627		44%	24%	—%	32%	—%
Lanier Apparel	19,909		—%	—%	—%	100%	—%
Southern Tide	13,472		—%	12%	—%	88%	—%
Corporate and Other	3,488		—%	60%	—%	23%	17%
Total	$	272,628	40%	16%	9%	35%	—%

The table below quantifies the amount of net sales by distribution channel (in thousands) for each period presented.



	First Quarter of Fiscal 2019		First Quarter of Fiscal 2018
Retail	$	108,006	$	107,735
E-commerce	47,989		44,522
Restaurant	23,601		25,293
Wholesale	101,926		94,376
Other	451		702
Net sales	$	281,973	$	272,628

Shareholders' Equity (Tables)

3 Months Ended

May 04, 2019

Equity [Abstract]

Schedule of Stockholders Equity

The following tables detail the changes (in thousands) in our common stock, additional paid-in capital ("APIC"), retained earnings and accumulated other comprehensive (loss) income ("AOCI"), for each period presented.



	First Quarter Fiscal 2019
	Common Stock			APIC			Retained Earnings			AOCI			Total
February 2, 2019	$	16,959		$	142,976		$	323,515		$	(5,095	)	$	478,355
Net earnings and other comprehensive income	—			—			21,657			(388		)	21,269
Shares issued under equity plans	91			331			—			—			422
Compensation expense for equity awards	—			1,876			—			—			1,876
Repurchase of shares	(31		)	(2,422		)	—			—			(2,453		)
Cash dividends declared and paid	—			—			(6,297		)	—			(6,297		)
Cumulative effect of change in accounting standards	—			—			—			—			—
May 4, 2019	$	17,019		$	142,761		$	338,875		$	(5,483	)	$	493,172
	First Quarter Fiscal 2018
	Common Stock			APIC			Retained Earnings			AOCI			Total
February 3, 2018	$	16,839		$	136,664		$	280,395		$	(4,074	)	$	429,824
Net earnings and other comprehensive income	—			—			20,567			(581		)	19,986
Shares issued under equity plans	128			257			—			—			385
Compensation expense for equity awards	—			1,718			—			—			1,718
Repurchase of shares	(30		)	(2,342		)	—			—			(2,372		)
Cash dividends declared and paid	—			—			(5,758		)	—			(5,758		)
Cumulative effect of change in accounting standards	—			—			(118		)	—			(118		)
May 5, 2018	$	16,937		$	136,297		$	295,086		$	(4,655	)	$	443,665

Revenue Recognition: (Tables)

3 Months Ended

May 04, 2019

Revenue from Contract with Customer [Abstract]

Schedule of net sales by distribution channel

The tables below quantify, for each operating group and in total, the amount of net sales by distribution channel (in thousands) and as a percentage of net sales for each period presented.



	First Quarter of Fiscal 2019
	Net Sales		Retail	E-commerce	Restaurant	Wholesale	Other
Tommy Bahama	$	164,730	47%	15%	14%	24%	—%
Lilly Pulitzer	72,595		42%	25%	—%	33%	—%
Lanier Apparel	26,589		—%	1%	—%	99%	—%
Southern Tide	14,134		—%	13%	—%	87%	—%
Corporate and Other	3,925		—%	61%	—%	30%	9%
Total	$	281,973	38%	17%	9%	36%	—%
	First Quarter of Fiscal 2018
	Net Sales		Retail	E-commerce	Restaurant	Wholesale	Other
Tommy Bahama	$	167,132	46%	15%	15%	24%	—%
Lilly Pulitzer	68,627		44%	24%	—%	32%	—%
Lanier Apparel	19,909		—%	—%	—%	100%	—%
Southern Tide	13,472		—%	12%	—%	88%	—%
Corporate and Other	3,488		—%	60%	—%	23%	17%
Total	$	272,628	40%	16%	9%	35%	—%

The table below quantifies the amount of net sales by distribution channel (in thousands) for each period presented.



	First Quarter of Fiscal 2019		First Quarter of Fiscal 2018
Retail	$	108,006	$	107,735
E-commerce	47,989		44,522
Restaurant	23,601		25,293
Wholesale	101,926		94,376
Other	451		702
Net sales	$	281,973	$	272,628

Leases (Tables)

3 Months Ended

May 04, 2019

Leases [Abstract]

Lease Liability Maturity

As of May 4, 2019, the required lease liability payments for the fiscal years specified below were as follows (in 000s):



	Operating lease
Remainder of 2019	$	50,835
2020	59,664
2021	62,349
2022	58,682
2023	55,150
2024	42,122
After 2024	80,852
Total lease payments	$	409,654
Less: Difference between discounted and undiscounted lease payments	60,572
Present value of lease liabilities	$	349,082

Operating Group Information: (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Operating group information
Net sales	$ 281,973	$ 272,628
Depreciation and amortization	10,137	10,126
Operating income	29,742	28,373
Interest expense, net	671	781
Earnings before income taxes	29,071	27,592
Corporate and Other
Operating group information
Net sales	3,925	3,488
Depreciation and amortization	340	315
Operating income	(4,401)	(4,605)
Tommy Bahama \| Operating Groups
Operating group information
Net sales	164,730	167,132
Depreciation and amortization	6,840	7,066
Operating income	15,192	14,303
Lilly Pulitzer \| Operating Groups
Operating group information
Net sales	72,595	68,627
Depreciation and amortization	2,683	2,479
Operating income	15,252	15,826
Lanier Apparel \| Operating Groups
Operating group information
Net sales	26,589	19,909
Depreciation and amortization	140	141
Operating income	1,182	362
Southern Tide \| Operating Groups
Operating group information
Net sales	14,134	13,472
Depreciation and amortization	134	125
Operating income	$ 2,517	$ 2,487

Operating Group Information (Details 2) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Operating group information
Net sales	$ 281,973	$ 272,628
Operating Groups \| Tommy Bahama
Operating group information
Net sales	164,730	167,132
Operating Groups \| Lilly Pulitzer
Operating group information
Net sales	72,595	68,627
Operating Groups \| Lanier Apparel
Operating group information
Net sales	26,589	19,909
Operating Groups \| Southern Tide
Operating group information
Net sales	14,134	13,472
Corporate and Other
Operating group information
Net sales	3,925	3,488
Retail
Operating group information
Net sales	$ 108,006	$ 107,735
Revenue, net, percentage	38.00%	40.00%
Retail \| Operating Groups \| Tommy Bahama
Operating group information
Revenue, net, percentage	47.00%	46.00%
Retail \| Operating Groups \| Lilly Pulitzer
Operating group information
Revenue, net, percentage	42.00%	44.00%
Retail \| Operating Groups \| Lanier Apparel
Operating group information
Revenue, net, percentage	0.00%	0.00%
Retail \| Operating Groups \| Southern Tide
Operating group information
Revenue, net, percentage	0.00%	0.00%
Retail \| Corporate and Other
Operating group information
Revenue, net, percentage	0.00%	0.00%
E-commerce
Operating group information
Net sales	$ 47,989	$ 44,522
Revenue, net, percentage	17.00%	16.00%
E-commerce \| Operating Groups \| Tommy Bahama
Operating group information
Revenue, net, percentage	15.00%	15.00%
E-commerce \| Operating Groups \| Lilly Pulitzer
Operating group information
Revenue, net, percentage	25.00%	24.00%
E-commerce \| Operating Groups \| Lanier Apparel
Operating group information
Revenue, net, percentage	1.00%	0.00%
E-commerce \| Operating Groups \| Southern Tide
Operating group information
Revenue, net, percentage	13.00%	12.00%
E-commerce \| Corporate and Other
Operating group information
Revenue, net, percentage	61.00%	60.00%
Restaurant
Operating group information
Net sales	$ 23,601	$ 25,293
Revenue, net, percentage	9.00%	9.00%
Restaurant \| Operating Groups \| Tommy Bahama
Operating group information
Revenue, net, percentage	14.00%	15.00%
Restaurant \| Operating Groups \| Lilly Pulitzer
Operating group information
Revenue, net, percentage	0.00%	0.00%
Restaurant \| Operating Groups \| Lanier Apparel
Operating group information
Revenue, net, percentage	0.00%	0.00%
Restaurant \| Operating Groups \| Southern Tide
Operating group information
Revenue, net, percentage	0.00%	0.00%
Restaurant \| Corporate and Other
Operating group information
Revenue, net, percentage	0.00%	0.00%
Wholesale
Operating group information
Net sales	$ 101,926	$ 94,376
Revenue, net, percentage	36.00%	35.00%
Wholesale \| Operating Groups \| Tommy Bahama
Operating group information
Revenue, net, percentage	24.00%	24.00%
Wholesale \| Operating Groups \| Lilly Pulitzer
Operating group information
Revenue, net, percentage	33.00%	32.00%
Wholesale \| Operating Groups \| Lanier Apparel
Operating group information
Revenue, net, percentage	99.00%	100.00%
Wholesale \| Operating Groups \| Southern Tide
Operating group information
Revenue, net, percentage	87.00%	88.00%
Wholesale \| Corporate and Other
Operating group information
Revenue, net, percentage	30.00%	23.00%
Other
Operating group information
Net sales	$ 451	$ 702
Revenue, net, percentage	0.00%	0.00%
Other \| Operating Groups \| Tommy Bahama
Operating group information
Revenue, net, percentage	0.00%	0.00%
Other \| Operating Groups \| Lilly Pulitzer
Operating group information
Revenue, net, percentage	0.00%	0.00%
Other \| Operating Groups \| Lanier Apparel
Operating group information
Revenue, net, percentage	0.00%	0.00%
Other \| Operating Groups \| Southern Tide
Operating group information
Revenue, net, percentage	0.00%	0.00%
Other \| Corporate and Other
Operating group information
Revenue, net, percentage	9.00%	17.00%

Shareholders' Equity Shareholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018	Feb. 03, 2019	Feb. 04, 2018
Class of Stock [Line Items]
Beginning Balance	$ 478,355	$ 429,824
Net earnings and other comprehensive income	21,269	19,986
Shares issued under equity plans	422	385
Compensation expense for equity awards	1,876	1,718
Repurchase of shares	(2,453)	(2,372)
Cash dividends declared and paid	(6,297)	(5,758)
Cumulative effect of change in accounting standards			$ 0	$ (118)
Ending Balance	493,172	443,665
Common Stock
Class of Stock [Line Items]
Beginning Balance	16,959	16,839
Net earnings and other comprehensive income	0	0
Shares issued under equity plans	91	128
Compensation expense for equity awards	0	0
Repurchase of shares	(31)	(30)
Cash dividends declared and paid	0	0
Cumulative effect of change in accounting standards			0	0
Ending Balance	17,019	16,937
APIC
Class of Stock [Line Items]
Beginning Balance	142,976	136,664
Net earnings and other comprehensive income	0	0
Shares issued under equity plans	331	257
Compensation expense for equity awards	1,876	1,718
Repurchase of shares	(2,422)	(2,342)
Cash dividends declared and paid	0	0
Cumulative effect of change in accounting standards			0	0
Ending Balance	142,761	136,297
Retained Earnings
Class of Stock [Line Items]
Beginning Balance	323,515	280,395
Net earnings and other comprehensive income	21,657	20,567
Shares issued under equity plans	0	0
Compensation expense for equity awards	0	0
Repurchase of shares	0	0
Cash dividends declared and paid	(6,297)	(5,758)
Cumulative effect of change in accounting standards			0	(118)
Ending Balance	338,875	295,086
AOCI
Class of Stock [Line Items]
Beginning Balance	(5,095)	(4,074)
Net earnings and other comprehensive income	(388)	(581)
Shares issued under equity plans	0	0
Compensation expense for equity awards	0	0
Repurchase of shares	0	0
Cash dividends declared and paid	0	0
Cumulative effect of change in accounting standards			$ 0	$ 0
Ending Balance	$ (5,483)	$ (4,655)

Revenue Recognition: (Details 1) - USD ($) $ in Thousands	3 Months Ended
Revenue Recognition: (Details 1) - USD ($) $ in Thousands	May 04, 2019	May 05, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 281,973	$ 272,628
Retail
Disaggregation of Revenue [Line Items]
Net sales	108,006	107,735
E-commerce
Disaggregation of Revenue [Line Items]
Net sales	47,989	44,522
Restaurant
Disaggregation of Revenue [Line Items]
Net sales	23,601	25,293
Wholesale
Disaggregation of Revenue [Line Items]
Net sales	101,926	94,376
Other
Disaggregation of Revenue [Line Items]
Net sales	$ 451	$ 702

Revenue Recognition: (Details 2) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019	May 05, 2018
Disaggregation of Revenue [Line Items]
Reserve balances recorded as a reduction to receivables	$ 8	$ 7	$ 6
Income tax receivable	1	1	5
Payments for (Proceeds from) Tenant Allowance	1	0	1
Value of inventory for wholesale and direct to consumer sales returns included in prepaid expenses and other current assets	3	2	3
Contract liabilities for gift cards and merchandise credits, less any breakage income recognized to date, included in other accrued expenses and liabilities	12	12	10
Direct to consumer
Disaggregation of Revenue [Line Items]
Estimated sales returns	$ 5	$ 3	$ 5

Leases (Details 1) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
Leases (Details 1) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019
Leases [Abstract]
Deferred rent		$ 61
Operating lease cost	$ 16	$ 28
Variable lease cost	5
Total lease cost	$ 21
Weighted average remaining lease term	7 years
Weighted average discount rate	5.00%
Cash paid for lease liabilities	$ 17

Leases (Details 2) $ in Thousands	May 04, 2019 USD ($)
Leases [Abstract]
Remainder of 2019	$ 50,835
2020	59,664
2021	62,349
2022	58,682
2023	55,150
2024	42,122
After 2024	80,852
Total lease payments	409,654
Discount	60,572
Present value of lease liabilities	$ 349,082

Leases (Details 3) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
Leases (Details 3) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019
Leases [Abstract]
Total rent expense, excluding the reduction in rent expense associated with the write-off of deferred rent amounts upon the exit or decision to exit retail stores		$ 96
Real estate taxes, insurance, other operating expenses and contingent percentage rent included in rent expense	$ 16	28
Fiscal 2019		68
Fiscal 2020		66
Fiscal 2021		62
Fiscal 2022		59
Fiscal 2023		51
Thereafter		$ 124