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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2025

Accounting Policies [Abstract]

Schedule of Allowance for Credit Losses

Changes in the balance of the allowance for credit losses are as follows:

(in thousands)		Fiscal 2024				Fiscal 2023
Beginning balance		$	650			$	728
Provision			177				89
Write-offs			(356	)			(167	)
Ending balance		$	471			$	650

Summary of Property and Equipment, Net

As of the balance sheet dates, Property and equipment, net consisted of the following:

(in thousands)		Asset Lives (years)		January 31, 2025				February 2, 2024
Land		—		$	3,328			$	3,450
Buildings and improvements		15-30			102,472				101,232
Furniture, fixtures and equipment		3-10			70,199				66,373
Computer hardware and software		3-10			274,299				261,764
Leasehold improvements		3-7			11,737				12,673
Construction in progress					25,972				17,706
Gross property and equipment					488,007				463,198
Less: Accumulated depreciation					(372,389	)			(345,165	)
Total property and equipment, net				$	115,618			$	118,033

Deferred Revenue Disclosure

The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer reported in Accrued expenses and other current liabilities in the Consolidated Balance Sheets and amounts recognized through Net revenue for each period presented. The majority of deferred revenue as of January 31, 2025 is expected to be recognized in Net revenue in First Quarter 2025, as products are delivered to customers.

(in thousands)		Fiscal 2024				Fiscal 2023
Deferred revenue beginning of period		$	4,314			$	7,484
Deferred revenue recognized in period			(4,100	)			(7,270	)
Revenue deferred in period			6,370				4,100
Deferred revenue end of period		$	6,584			$	4,314

Gift Card Reconciliation

The following table provides the reconciliation of the contract liability related to gift cards:

(in thousands)		Fiscal 2024				Fiscal 2023
Balance as of beginning of period		$	35,604			$	33,029
Gift cards sold			68,555				66,392
Gift cards redeemed			(64,783	)			(60,374	)
Gift card breakage			(4,630	)			(3,443	)
Balance as of end of period		$	34,746			$	35,604

Schedule of Other Comprehensive Income (Loss)

Other comprehensive income (loss) encompasses all changes in equity other than those arising from transactions with stockholders and is comprised solely of foreign currency translation adjustments. The Company’s foreign subsidiaries use their local currency as their functional currency. Functional currency assets and liabilities are translated into U.S. Dollars using exchange rates in effect at the balance sheet date, and revenues and expenses are translated at average exchange rates during the period. Resulting translation gains and losses are reported in other comprehensive income (loss), until the substantial liquidation of a subsidiary, at which time accumulated transactions gains or losses are reclassified into net income. During Fiscal 2023, the Company recognized a net gain of $0.4 million of cumulative foreign currency translation adjustments related to the substantial liquidation of Lands’ End Japan. See Note 8, Lands’ End Japan Closure.

(in thousands)		Fiscal 2024				Fiscal 2023				Fiscal 2022
Beginning balance: Accumulated other comprehensive loss (net of tax of $4,271, $4,525, and $3,361, respectively)		$	(16,069	)		$	(17,022	)		$	(12,642	)
Other comprehensive income (loss)
Foreign currency translation adjustments (net of tax of $(37), $(348), and $1,164, respectively)			(600	)			1,307				(4,380	)
Reclassification of foreign currency translation gain to income (net of tax of $0, $94, and $0, respectively)			—				(354	)			—
Ending balance: Accumulated other comprehensive loss (net of tax of $4,234, $4,271, and $4,525, respectively)		$	(16,669	)		$	(16,069	)		$	(17,022	)

Schedule of Components of Basic and Diluted EPS

The following table summarizes the components of basic and diluted EPS:

(in thousands)		Fiscal 2024				Fiscal 2023				Fiscal 2022
Net income (loss)		$	6,233			$	(130,684	)		$	(12,530	)
Basic weighted average shares outstanding			31,213				31,970				33,108
Dilutive impact of stock awards			451				—				—
Diluted weighted average shares outstanding			31,664				31,970				33,108
Earnings (loss) per share
Basic		$	0.20			$	(4.09	)		$	(0.38	)
Diluted		$	0.20			$	(4.09	)		$	(0.38	)
Anti-dilutive shares excluded from diluted earnings (loss) per common share calculation			285				1,021				1,186

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