XML 53 R40.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

SEGMENT REPORTING (Tables) | 6 Months Ended
--- | ---
Aug. 03, 2024
SEGMENT REPORTING |
Schedule of Segment Operating Income and Income Before Income Taxes and Equity Method Investments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | THREE MONTHS ENDED | ​ | SIX MONTHS ENDED
​ | ​ | AUGUST 3, | ​ | JULY 29, | ​ | AUGUST 3, | ​ | JULY 29,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
​ | ​ | (in thousands)
Operating income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
RH Segment | ​ | $ | 90,527 | ​ | $ | 153,369 | ​ | $ | 131,958 | ​ | $ | 257,090
Waterworks | ​ |  | 6,461 | ​ |  | 7,995 | ​ |  | 12,265 | ​ |  | 14,666
Total segment operating income | ​ | ​ | 96,988 | ​ | ​ | 161,364 | ​ | ​ | 144,223 | ​ | ​ | 271,756
Legal settlements—net | ​ | ​ | — | ​ |  | (8,000) | ​ | ​ | 9,375 | ​ |  | (8,000)
Non-cash compensation | ​ | ​ | (861) | ​ |  | (2,024) | ​ | ​ | (2,808) | ​ |  | (5,555)
Reorganization related costs | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | (7,621)
Income from operations | ​ |  | 96,127 | ​ |  | 151,340 | ​ |  | 150,790 | ​ |  | 250,580
Interest expense—net | ​ |  | 59,262 | ​ |  | 44,422 | ​ |  | 116,034 | ​ |  | 84,238
Other (income) expense—net | ​ | ​ | (663) | ​ |  | (186) | ​ | ​ | 502 | ​ |  | (839)
Income before taxes and equity method investments | ​ | $ | 37,528 | ​ | $ | 107,104 | ​ | $ | 34,254 | ​ | $ | 167,181
Summary of Statements of Income Metrics Reviewed by CODM to Evaluate Performance Internally or As required under ASC 280 - Segment Reporting | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | THREE MONTHS ENDED
​ | ​ | AUGUST 3, | ​ | JULY 29,
​ | ​ | 2024 | ​ | 2023
​ |  | RH SEGMENT |  | WATERWORKS |  | TOTAL |  | RH SEGMENT |  | WATERWORKS |  | TOTAL
​ | ​ | (in thousands)
Net revenues | ​ | $ | 780,925 | ​ | $ | 48,730 | ​ | $ | 829,655 | ​ | $ | 753,550 | ​ | $ | 46,929 | ​ | $ | 800,479
Gross profit | ​ |  | 348,624 | ​ |  | 26,133 | ​ |  | 374,757 | ​ |  | 354,425 | ​ |  | 25,648 | ​ |  | 380,073
Depreciation and amortization | ​ |  | 30,618 | ​ | ​ | 1,639 | ​ |  | 32,257 | ​ |  | 26,828 | ​ | ​ | 1,308 | ​ |  | 28,136
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | SIX MONTHS ENDED
​ | ​ | AUGUST 3, | ​ | JULY 29,
​ | ​ | 2024 | ​ | 2023
​ |  | RH SEGMENT |  | WATERWORKS |  | TOTAL |  | RH SEGMENT |  | WATERWORKS |  | TOTAL
​ | ​ | (in thousands)
Net revenues | ​ | $ | 1,457,991 | ​ | $ | 98,624 | ​ | $ | 1,556,615 | ​ | $ | 1,444,066 | ​ | $ | 95,575 | ​ | $ | 1,539,641
Gross profit | ​ |  | 638,432 | ​ |  | 52,363 | ​ |  | 690,795 | ​ |  | 676,009 | ​ |  | 51,609 | ​ |  | 727,618
Depreciation and amortization | ​ |  | 60,001 | ​ | ​ | 3,083 | ​ |  | 63,084 | ​ |  | 53,253 | ​ | ​ | 2,653 | ​ |  | 55,906
Summary of Balance Sheet Metrics as Required Under ASC 280 - Segment Reporting | The following table presents selected balance sheet metrics for our segments:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | AUGUST 3, | ​ | FEBRUARY 3,
​ | ​ | 2024 | ​ | 2024
​ |  | RH SEGMENT |  | WATERWORKS |  | REAL ESTATE |  | TOTAL |  | RH SEGMENT |  | WATERWORKS |  | REAL ESTATE |  | TOTAL
​ | ​ | (in thousands)
Goodwill(1) | ​ | $ | 140,997 | ​ | $ | — | ​ | $ | — | ​ | $ | 140,997 | ​ | $ | 141,033 | ​ | $ | — | ​ | $ | — | ​ | $ | 141,033
Tradenames, trademarks and other intangible assets(2) | ​ |  | 59,243 | ​ |  | 17,000 | ​ |  | — | ​ |  | 76,243 | ​ |  | 58,927 | ​ |  | 17,000 | ​ |  | — | ​ |  | 75,927
Equity method investments(3) | ​ | ​ | — | ​ | ​ | 3,011 | ​ | ​ | 127,779 | ​ | ​ | 130,790 | ​ | ​ | — | ​ | ​ | 3,609 | ​ | ​ | 125,059 | ​ | ​ | 128,668
Total assets | ​ |  | 4,022,273 | ​ | ​ | 189,535 | ​ | ​ | 164,588 | ​ |  | 4,376,396 | ​ |  | 3,798,572 | ​ |  | 183,804 | ​ |  | 161,521 | ​ |  | 4,143,897
(1) | The Waterworks reporting unit goodwill of $51 million recognized upon acquisition in fiscal 2016 was fully impaired as of fiscal 2018.
(2) | The Waterworks reporting unit tradename is presented net of an impairment charge of $35 million recognized in prior fiscal years.
Summary of net revenues | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | THREE MONTHS ENDED | ​ | SIX MONTHS ENDED
​ | ​ | AUGUST 3, | ​ | JULY 29, | ​ | AUGUST 3, | ​ | JULY 29,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
​ | ​ | (in thousands)
Furniture | ​ | $ | 593,814 | ​ | $ | 560,602 | ​ | $ | 1,099,085 | ​ | $ | 1,056,993
Non-furniture | ​ |  | 235,841 | ​ |  | 239,877 | ​ |  | 457,530 | ​ |  | 482,648
Total net revenues | ​ | $ | 829,655 | ​ | $ | 800,479 | ​ | $ | 1,556,615 | ​ | $ | 1,539,641

X
- Definition Schedule of operations by segment. + References No definition available. + Details
Name: | rh_ScheduleOfOperationsBySegmentTableTextBlock
Namespace Prefix: | rh_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration