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Schedule I-Condensed Financial Information of Registrant | 12 Months Ended
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Feb. 01, 2020
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Schedule I-Condensed Financial Information of Registrant | Schedule I CONDENSED FINANCIAL INFORMATION OF REGISTRANT Parent Company Information Burlington Stores, Inc. Balance Sheets
|  | As of |
|  | February 1, 2020 |  |  | February 2, 2019 |
|  | (in thousands) |
ASSETS: |  |  |  |  |  |  |  |
Current assets |  | $ | 51 |  |  | $ | 38 |
Investment in subsidiaries |  |  | 528,098 |  |  |  | 322,672 |
Total assets |  | $ | 528,149 |  |  | $ | 322,710 |
LIABILITIES AND STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |
Current liabilities |  | $ | — |  |  | $ | — |
Negative investment in subsidiaries |  |  | — |  |  |  | — |
Commitments and contingencies |  |  | — |  |  |  | — |
Total stockholders’ equity |  |  | 528,149 |  |  |  | 322,710 |
Total liabilities and stockholders’ equity |  | $ | 528,149 |  |  | $ | 322,710 |
See Notes to Condensed Financial Statements CONDENSED FINANCIAL INFORMATION OF REGISTRANT Parent Company Information Burlington Stores, Inc. Statements of Income
|  | Fiscal Years Ended |
|  | February 1, 2020 |  |  | February 2, 2019 |  |  | February 3, 2018 (53 Weeks) |
|  | (in thousands) |
REVENUES: |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | — |
COSTS AND EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |
Income from equity investment |  |  | — |  |  |  | — |  |  |  | — |
Total costs and expenses |  |  | — |  |  |  | — |  |  |  | — |
Income before provision for income tax |  |  | — |  |  |  | — |  |  |  | — |
Provision for income tax |  |  | — |  |  |  | — |  |  |  | — |
Earnings from equity investment, net of income taxes |  | $ | 465,116 |  |  | $ | 414,745 |  |  | $ | 384,852 |
Net income |  | $ | 465,116 |  |  | $ | 414,745 |  |  | $ | 384,852 |
Total comprehensive income |  | $ | 465,116 |  |  | $ | 414,745 |  |  | $ | 384,852 |
See Notes to Condensed Financial Statements CONDENSED FINANCIAL INFORMATION OF REGISTRANT Parent Company Information Burlington Stores, Inc. Statements of Cash Flows
|  | Fiscal Years Ended |
|  | February 1, 2020 |  |  | February 2, 2019 |  |  | February 3, 2018 (53 Weeks) |
|  | (in thousands) |
OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by operations |  | $ | — |  |  | $ | — |  |  | $ | — |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Receipt of dividends |  |  | — |  |  |  | — |  |  |  | — |
Net cash used in investing activities |  |  | — |  |  |  | — |  |  |  | — |
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from initial public offering |  |  | — |  |  |  | — |  |  |  | — |
Offering costs |  |  | — |  |  |  | — |  |  |  | — |
Receipt of dividends |  |  | — |  |  |  | — |  |  |  | — |
Payment of dividends |  |  | — |  |  |  | — |  |  |  | — |
Purchase of treasury shares |  |  | (323,080 | ) |  |  | (228,874 | ) |  |  | (289,777 | )
Intercompany financing transactions |  |  | 288,871 |  |  |  | 212,462 |  |  |  | 280,701 |
Proceeds from stock option exercises |  |  | 34,222 |  |  |  | 16,306 |  |  |  | 9,173 |
Net cash provided by (used in) financing activities |  |  | 13 |  |  |  | (106 | ) |  |  | 97 |
Increase (Decrease) in cash and cash equivalents |  |  | 13 |  |  |  | (106 | ) |  |  | 97 |
Cash and cash equivalents at beginning of period |  |  | 38 |  |  |  | 144 |  |  |  | 47 |
Cash and cash equivalents at end of period |  | $ | 51 |  |  | $ | 38 |  |  | $ | 144 |
See Notes to Condensed Financial Statements CONDENSED FINANCIAL INFORMATION OF REGISTRANT Parent Company Information Burlington Stores, Inc. Note 1. Basis of Presentation Burlington Stores, Inc. (the Parent Company) is a holding company that conducts substantially all of its business operations through its subsidiaries. The Parent Company’s ability to pay dividends on Parent Company’s common stock will be limited by restrictions on the ability of Parent Company and its subsidiaries to pay dividends or make distributions under the terms of current and future agreements governing the indebtedness of Parent Company’s subsidiaries. In addition to other baskets under the agreements governing its indebtedness, the Parent Company and its subsidiaries are permitted to make dividends and distributions under the Term Loan Facility so long as there is no event of default and the pro forma consolidated leverage ratio of the Parent Company and its subsidiaries does not exceed 3.50 to 1.00, and under the ABL Line of Credit as long as certain restricted payment conditions are satisfied. The accompanying Condensed Financial Statements include the accounts of the Parent Company and, on an equity basis, its consolidated subsidiaries and affiliates. Accordingly, these Condensed Financial Statements have been presented on a “parent-only” basis. Under a parent-only presentation, the Parent Company’s investments in its consolidated subsidiaries are presented under the equity method of accounting. These parent-only financial statements should be read in conjunction with Burlington Stores, Inc.’s audited Consolidated Financial Statements included elsewhere herein. Note 2. Dividends As discussed above, the terms of current and future agreements governing the indebtedness of the Parent Company and its subsidiaries include, or may include, limitations on the ability of such subsidiaries and the Parent Company to pay dividends, subject to certain exceptions set forth in such agreements. Note 3. Stock-Based Compensation Non-cash stock compensation expense of $43.9 million, $35.5 million and $27.0 million has been pushed down to Parent Company’s subsidiaries for Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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