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Commitments and Contingencies
12 Months Ended
Jan. 31, 2021
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

15. Commitments and Contingencies

Purchase Commitments

As of January 31, 2021, the Company has commitments for unfulfilled purchase orders for merchandise ordered from our vendors in the normal course of business, which are satisfied within 12 months, as well as commitments for products and services including information technology contracts, of $672,133. The majority of the Company’s merchandise commitments are cancellable with no or limited recourse available to the vendor until the merchandise shipping date. As of January 31, 2021, the Company had outstanding trade letters of credit of $52,579. As of January 31, 2021, the Company also has commitments related to construction and distribution equipment contracts that are fully satisfied upon the completion of construction or installation of $291,803, of which $120,724 is due within one year and $171,079 is due in more than one year. Construction and distribution equipment contracts include $289,131 related to the omni-channel fulfillment center in Kansas City, Kansas.

Benefit Plans

Full and part-time U.S. based employees who are at least 18 years of age are eligible after three months of employment to participate in the Urban Outfitters 401(k) Savings Plan (the “Plan”). Under the Plan, employees can defer 1% to 25% of compensation as defined. Beginning January 1, 2019, the Company made matching contributions in cash of $0.50 per employee contribution dollar on the first 6% of the employee contribution. Prior to January 1, 2019, the Company made matching contributions in cash of $0.25 per employee contribution dollar on the first 6% of the employee contribution. The employees’ contribution is 100% vested while the Company’s matching contribution vests at 20% per year of employee service. The Company’s contributions were $6,677, $7,094 and $3,549 for fiscal years 2021, 2020 and 2019, respectively.

The NQDC provides certain employees who are limited in their participation under the Plan the opportunity to defer compensation as defined within the NQDC. Deferred compensation under the NQDC consists of elective deferral credits, if any, made by the participant and discretionary contribution credits made by the Company. Employee contributions are 100% vested on the contribution date and the Company’s discretionary contribution is 100% vested upon crediting to participants’ accounts on an annual basis. The Company made a matching contribution of $66, $56 and $46 during fiscal years 2021, 2020 and 2019, respectively. The NQDC obligation was $10,793 and $8,428 as of January 31, 2021 and 2020, respectively. The Company has purchased investments to fund the NQDC obligation. The investments had an aggregate market value of $10,793 and $8,428 as of January 31, 2021 and 2020, respectively, and are included in “Marketable securities” in the Consolidated Balance Sheets (see Note 4, “Marketable Securities”).

Contingencies

The Company is party to various legal proceedings arising from normal business activities. Management believes that the ultimate resolution of these matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.