View Filing Data

Basic (in dollars per share)

$ 441,693

$ 338,108

$ 389,404

$ 418,252

$ 450,747

$ 274,449

$ 316,539

$ 321,018

$ 1,587,457

$ 1,362,753

$ 1,117,654

^[1]

Earnings per share

$ 1.21

$ 0.92

$ 1.05

$ 1.12

$ 1.20

$ 0.72

$ 0.83

$ 4.30

$ 3.58

$ 2.85

Diluted (in dollars per share)

$ 1.20

$ 0.91

$ 1.04

$ 1.11

$ 1.19

$ 0.72

$ 0.82

$ 4.26

$ 3.55

$ 2.83

Weighted average shares outstanding

Basic (in shares)

369,533

381,174

392,124

Diluted (in shares)

372,678

384,329

394,958

[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands

12 Months Ended

Feb. 02, 2019

Feb. 03, 2018

Jan. 28, 2017

Statement of Comprehensive Income [Abstract]

Change in unrealized loss on investments, net of tax

$ 1,587,457

$ 1,362,753

$ 1,117,654

^[1]

Other comprehensive income (loss):

(27)

(64)

(91)

Comprehensive income

$ 1,587,430

$ 1,362,689

$ 1,117,563

[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Beginning balance (in shares) at Jan. 30, 2016

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Current Assets
Cash and cash equivalents	$ 1,412,912	$ 1,290,294
Short-term investments	0	512
Accounts receivable	96,711	87,868
Merchandise inventory	1,750,442	1,641,735
Prepaid expenses and other	143,954	130,748
Total current assets	3,404,019	3,151,157
Property and Equipment
Land and buildings	1,126,051	1,109,173
Fixtures and equipment	2,783,198	2,603,318
Leasehold improvements	1,175,921	1,093,634
Construction-in-progress	171,538	102,054
Property and equipment, gross	5,256,708	4,908,179
Less accumulated depreciation and amortization	2,781,507	2,525,715
Property and equipment, net	2,475,201	2,382,464
Long-term investments	125	712
Other long-term assets	194,346	187,718
Total assets	6,073,691	5,722,051
Current Liabilities
Accounts payable	1,177,104	1,059,844
Accrued expenses and other	431,596	431,706
Accrued payroll and benefits	363,035	349,879
Income taxes payable	37,749	0
Current portion of long-term debt	0	84,973
Total current liabilities	2,009,484	1,926,402
Long-term debt	312,440	311,994
Other long-term liabilities	321,713	348,541
Deferred income taxes	124,308	85,806
Commitments and contingencies
Stockholders’ Equity
Common stock, par value $.01 per share, Authorized 1,000,000,000 shares, issued and outstanding 368,242,000 and 379,618,000 shares, respectively	3,682	3,796
Additional paid-in capital	1,375,965	1,292,364
Treasury stock	(372,663)	(318,279)
Accumulated other comprehensive income	0	27
Retained earnings	2,298,762	2,071,400
Total stockholders’ equity	3,305,746	3,049,308
Total liabilities and stockholders’ equity	$ 6,073,691	$ 5,722,051

Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 02, 2019	Feb. 03, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares Authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	368,242,000	379,618,000
Common stock, shares outstanding (in shares)	368,242,000	379,618,000

Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Thousands

Total

Common stock

Additional paid-in capital

Treasury stock

Accumulated other comprehensive income (loss)

Retained earnings

402,339

Beginning balance, value at Jan. 30, 2016

$ 2,471,991

$ 4,023

$ 1,122,329

$ (229,525)

$ 182

$ 1,574,982

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Unrealized investment loss, net

1,117,654

^[1]

1,117,654

(91)

Common stock issued under stock plans, net of shares used for tax withholding (in shares)

1,192

Common stock issued under stock plans, net of shares used for tax withholding, value

(24,782)

$ 12

18,527

(43,321)

Tax benefit from equity issuance

23,331

Common stock repurchased (in shares)

$ 74,554

74,554

(11,600)

(11,638)

Common stock repurchased

$ (700,000)

$ (116)

(23,026)

(676,858)

Dividends declared

(214,640)

Ending balance (in shares) at Jan. 28, 2017

391,893

Ending balance, value at Jan. 28, 2017

2,748,017

$ 3,919

1,215,715

(272,846)

1,801,138

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Unrealized investment loss, net

1,362,753

(64)

Common stock issued under stock plans, net of shares used for tax withholding (in shares)

1,214

Common stock issued under stock plans, net of shares used for tax withholding, value

(26,965)

$ 12

18,456

(45,433)

Common stock repurchased (in shares)

$ 87,417

87,417

(13,500)

(13,489)

Common stock repurchased

$ (875,000)

$ (135)

(31,013)

(843,852)

Dividends declared

(247,526)

Ending balance (in shares) at Feb. 03, 2018

379,618

Ending balance, value at Feb. 03, 2018

3,049,308

$ 3,796

1,292,364

(318,279)

2,071,400

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Unrealized investment loss, net

1,587,457

(27)

$ (27)

Common stock issued under stock plans, net of shares used for tax withholding (in shares)

1,097

Common stock issued under stock plans, net of shares used for tax withholding, value

(34,272)

$ 11

20,101

(54,384)

Common stock repurchased (in shares)

$ 95,585

95,585

(12,500)

(12,473)

Common stock repurchased

$ (1,075,000)

$ (125)

(32,085)

(1,042,790)

Dividends declared

(337,189)

Ending balance (in shares) at Feb. 02, 2019

368,242

Ending balance, value at Feb. 02, 2019

$ 3,305,746

$ 3,682

$ 1,375,965

$ (372,663)

$ 2,298,762

[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended												12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per share (in dollars per share)	$ 0.2250	$ 0.2250	$ 0.2250	$ 0.2250	$ 0.1600	$ 0.1600	$ 0.1600	$ 0.1600	$ 0.1350	$ 0.1350	$ 0.1350	$ 0.1350	$ 0.90	$ 0.64	$ 0.540

Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

12 Months Ended

Feb. 02, 2019

Feb. 03, 2018

Jan. 28, 2017

Cash Flows From Operating Activities

Adjustments to reconcile net earnings to net cash provided by operating activities:

$ 1,587,457

$ 1,362,753

$ 1,117,654

^[1]

Depreciation and amortization

330,357

313,163

302,515

^[1]

Other current liabilities

95,585

87,417

74,554

^[1]

Gain on sale of assets

(6,328)

^[1]

Deferred income taxes

31,777

(34,903)

(8,703)

^[1]

Change in assets and liabilities:

Merchandise inventory

(108,707)

(128,849)

(93,782)

^[1]

Other current assets

(22,044)

(31,796)

(928)

^[1]

Accounts payable

110,483

41,322

83,085

^[1]

74,829

49,068

76,676

^[1]

Other long-term, net

(33,060)

29,491

7,830

^[1]

Net cash provided by operating activities

2,066,677

1,681,338

1,558,901

^[1]

Cash Flows From Investing Activities

Additions to property and equipment

(413,898)

(371,423)

(297,880)

^[1]

Proceeds from sale of property and equipment

15,981

^[1]

Proceeds from investments

3,489

687

1,700

^[1]

Net cash used in investing activities

(410,409)

(354,755)

(296,180)

^[1]

Cash Flows From Financing Activities

Payment of long-term debt

(85,000)

^[1]

Excess tax benefit from stock-based compensation

23,331

^[1]

Issuance of common stock related to stock plans

20,112

18,468

18,539

^[1]

Treasury stock purchased

(54,384)

(45,433)

(43,321)

^[1]

Repurchase of common stock

(1,075,000)

(875,000)

(700,000)

^[1]

Dividends paid

(337,189)

(247,526)

(214,640)

^[1]

Net cash used in financing activities

(1,531,461)

(1,149,491)

(916,091)

^[1]

Net increase in cash, cash equivalents, and restricted cash and cash equivalents

124,807

177,092

346,630

^[1]

Beginning of year 1

^[1]

1,353,272

1,176,180

829,550

End of year

1,478,079

1,353,272

^[1]

1,176,180

^[1]

Supplemental Cash Flow Disclosures

Interest paid

18,105

^[1]

Income taxes paid

$ 427,930

$ 714,566

$ 628,441

^[1]

[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Summary of Significant Accounting Policies

12 Months Ended

Feb. 02, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Business. Ross Stores, Inc. and its subsidiaries (the “Company”) is an off-price retailer of first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family. At the end of fiscal 2018, the Company operated 1,480 Ross Dress for Less^® (“Ross”) locations in 38 states, the District of Columbia, and Guam, and 237 dd’s DISCOUNTS^® stores in 18 states. The Ross and dd’s DISCOUNTS stores are supported by six distribution centers. The Company’s headquarters, one buying office, three operating distribution centers, three warehouses, and 23% of its stores are located in California.

Segment reporting. The Company has one reportable segment. The Company’s operations include only activities related to off-price retailing in stores throughout the United States.

Basis of presentation and fiscal year. The consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly-owned. Intercompany transactions and accounts have been eliminated. The Company follows the National Retail Federation fiscal calendar and utilizes a 52-53 week fiscal year whereby the fiscal year ends on the Saturday nearest to January 31. The fiscal years ended February 2, 2019, February 3, 2018 and January 28, 2017 are referred to as fiscal 2018, fiscal 2017, and fiscal 2016, respectively. Fiscal 2017 was a 53-week year. Fiscal 2018 and 2016 were each 52-week years.

Use of accounting estimates. The preparation of consolidated financial statements in conformity with Generally Accepted Accounting Principles in the United States of America (“GAAP”) requires the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company’s significant accounting estimates include valuation reserves for inventory shortage, packaway inventory costs, useful lives of fixed assets, insurance reserves, reserves for uncertain tax positions, and legal claims.

Purchase obligations. As of February 2, 2019, the Company had purchase obligations of approximately $2.6 billion. These purchase obligations primarily consist of merchandise inventory purchase orders, commitments related to construction projects, store fixtures and supplies, and information technology services, transportation, and maintenance contracts.

Cash and cash equivalents. Cash equivalents consist of highly liquid, fixed income instruments purchased with an original maturity of three months or less.

Restricted cash, cash equivalents, and investments. Restricted cash, cash equivalents, and investments serve as collateral for certain insurance obligations of the Company. These restricted funds are invested in bank deposits, money market mutual funds, U.S. Government and agency securities, and corporate securities and cannot be withdrawn from the Company’s account without the prior written consent of the secured parties. The classification between current and long-term is based on the timing of expected payments of the insurance obligations.

The following table provides a reconciliation of cash, cash equivalents, restricted cash and cash equivalents in the Consolidated Balance Sheets that reconcile to the amounts shown on the Consolidated Statements of Cash Flows:



($000)	2018		2017		2016
Cash and cash equivalents	$	1,412,912	$	1,290,294	$	1,111,599
Restricted cash and cash equivalents included in:
Prepaid expenses and other	11,402		9,412		12,936
Other long-term assets	53,765		53,566		51,645
Total restricted cash and cash equivalents	65,167		62,978		64,581
Total cash, cash equivalents and restricted cash and equivalents	$	1,478,079	$	1,353,272	$	1,176,180

In addition to the restricted cash and equivalents in the table above, the Company has restricted investments included in the Consolidated Balance Sheets as shown below:



Restricted Assets ($000)	2018		2017
Prepaid expenses and other	$	400	$	2,435
Other long-term assets	—		403
Total restricted investments	$	400	$	2,838

Estimated fair value of financial instruments. The carrying value of cash and cash equivalents, short- and long-term investments, restricted cash and cash equivalents, restricted investments, accounts receivable, other long-term assets, accounts payable, and other long-term liabilities approximates their estimated fair value. See Note B and Note D for additional fair value information.

Cash and cash equivalents were $1,412.9 million and $1,290.3 million, at February 2, 2019 and February 3, 2018, respectively, and include bank deposits and money market funds for which the fair value was determined using quoted prices for identical assets in active markets, which are considered to be Level 1 inputs under the fair value measurements and disclosures guidance.

Investments. The Company’s investments are comprised of various debt securities. At February 2, 2019 and February 3, 2018, these investments were classified as available-for-sale and are stated at fair value. Investments are classified as either short- or long-term based on their maturity dates and the Company’s intent. Investments with a maturity of less than one year are classified as short-term. See Note B for additional information.

Merchandise inventory. Merchandise inventory is stated at the lower of cost (determined using a weighted average basis) or net realizable value. The Company purchases inventory that can either be shipped to stores or processed as packaway merchandise with the intent that it will be warehoused and released to stores at a later date. The timing of the release of packaway inventory to the stores is principally driven by the product mix and seasonality of the merchandise, and its relation to the Company’s store merchandise assortment plans. As such, the aging of packaway varies by merchandise category and seasonality of purchase, but typically packaway remains in storage less than six months. Merchandise inventory includes acquisition, processing, and storage costs related to packaway inventory. The cost of the Company’s merchandise inventory is reduced by valuation reserves for shortage based on historical shortage experience from the Company’s physical merchandise inventory counts and cycle counts.

Cost of goods sold. In addition to product costs, the Company includes in cost of goods sold its buying, distribution, and freight expenses as well as occupancy costs, and depreciation and amortization related to the Company’s retail stores, buying, and distribution facilities. Buying expenses include costs to procure merchandise inventories. Distribution expenses include the cost of operating the Company’s distribution centers and warehouse facilities.

Property and equipment. Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the estimated useful life of the asset, typically ranging from three to 12 years for equipment, 20 to 40 years for land improvements and buildings, and three to seven years for computer software costs incurred in developing or obtaining software for internal use. The cost of leasehold improvements is amortized over the useful life of the asset or the applicable lease term, whichever is less. Depreciation and amortization expense on property and equipment was $330.4 million, $313.2 million, and $302.5 million for fiscal 2018, 2017, and 2016, respectively. The Company capitalizes interest during the construction period and during the development and implementation phase of software projects. Interest capitalized was $2.5 million, $0.7 million and $0.0 million in fiscal 2018, 2017, and 2016, respectively. As of February 2, 2019, February 3, 2018, and January 28, 2017 the Company had $33.7 million, $24.3 million, and $25.7 million, respectively, of property and equipment purchased but not yet paid. These purchases are included in Property and Equipment and in Accounts payable and Accrued expenses and other in the accompanying Consolidated Balance Sheets.

Other long-term assets. Other long-term assets as of February 2, 2019 and February 3, 2018 consisted of the following:



($000)	2018		2017
Deferred compensation (Note B)	$	124,558	$	120,613
Restricted cash and investments	53,765		53,969
Other	16,023		13,136
Total	$	194,346	$	187,718

Property and other long-term assets that are subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Intangible assets that are not subject to amortization, including goodwill, are tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset may be impaired. Based on the Company’s evaluation during fiscal 2018, 2017, and 2016, no impairment charges were recorded.

Store closures. The Company continually reviews the operating performance of individual stores. For stores that are closed, the Company records a liability for future minimum lease payments net of estimated sublease recoveries and related ancillary costs at the time the liability is incurred. The lease loss liability was $0.2 million and $0.6 million, as of February 2, 2019 and February 3, 2018, respectively. Operating costs, including depreciation, of stores to be closed are expensed during the period they remain in use. In fiscal 2018, the Company closed four stores. In fiscal 2017, the Company closed seven stores.

Accounts payable. Accounts payable represents amounts owed to third parties at the end of the period. Accounts payable includes book cash overdrafts (checks issued under zero balance accounts not yet presented for payment) in excess of cash balances in such accounts of approximately $83.2 million and $74.5 million at February 2, 2019 and February 3, 2018, respectively. The Company includes the change in book cash overdrafts in operating cash flows.

Insurance obligations. The Company uses a combination of insurance and self-insurance for a number of risk management activities, including workers’ compensation, general liability, and employee-related health care benefits. The self-insurance and deductible liability is determined actuarially, based on claims filed and an estimate of claims incurred but not yet reported. Self-insurance and deductible reserves as of February 2, 2019 and February 3, 2018 consisted of the following:



($000)	2018		2017
Workers’ compensation	$	89,993	$	94,430
General liability	42,877		40,763
Medical plans	6,515		6,725
Total	$	139,385	$	141,918

Workers’ compensation and self-insured medical plan liabilities are included in Accrued payroll and benefits and accruals for general liability are included in Accrued expenses and other in the accompanying Consolidated Balance Sheets.

Other long-term liabilities. Other long-term liabilities as of February 2, 2019 and February 3, 2018 consisted of the following:



($000)	2018		2017
Income taxes (Note F)	$	77,872	$	120,660
Deferred compensation (Note G)	124,558		120,613
Deferred rent	81,442		73,059
Tenant improvement allowances	25,418		21,668
Other	12,423		12,541
Total	$	321,713	$	348,541

Lease accounting. When a lease contains “rent holidays” or requires fixed escalations of the minimum lease payments, the Company records rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. The Company begins recording rent expense on the lease possession date. Tenant improvement allowances are amortized over the lease term. Changes in deferred rent and tenant improvement allowances are included as a component of operating activities in the Consolidated Statements of Cash Flows.

Revenue recognition. The Company recognizes revenue at the point of sale, net of sales taxes collected and an allowance for estimated future returns. As a result of adopting ASU No. 2014-09, Revenue from Contracts with Customers (Accounting Standards Codification "ASC" 606), the Company recognizes allowances for estimated sales returns on a gross basis as a reduction to sales. This resulted in an asset recorded for the expected recovery of merchandise inventory of $10.2 million and a liability recorded for the refund due to the customer of $19.8 million as of February 2, 2019. Prior to the adoption of ASC 606, the Company recognized allowances for sales returns on a net margin basis, which was $9.9 million and $8.4 million as of February 3, 2018 and January 28, 2017, respectively. Sales taxes collected that are outstanding and the allowance for estimated future returns are included in Accrued expenses and other and the asset for expected recovery of merchandise is included in Prepaid expenses and other in the Consolidated Balance Sheets.

Sales of stored value cards are deferred until they are redeemed for the purchase of Company merchandise. The Company’s stored value cards do not have expiration dates. Based upon historical redemption rates, a small percentage of stored value cards will never be redeemed, which represents breakage. As a result of adopting ASC 606, breakage is estimated and recognized as revenue based upon the historical pattern of customer redemptions. In prior periods, breakage was recorded as a reduction of operating expense when customer redemption was considered remote. Breakage was not material to the consolidated financial statements in fiscal 2018, 2017, and 2016.

The following sales mix table disaggregates revenue by merchandise category for fiscal 2018, 2017, and 2016:



	2018		2017		2016
Ladies	26	%	27	%	28	%
Home Accents and Bed and Bath	26	%	26	%	25	%
Men’s	14	%	13	%	13	%
Accessories, Lingerie, Fine Jewelry, and Fragrances	13	%	13	%	13	%
Shoes	13	%	13	%	13	%
Children’s	8	%	8	%	8	%
Total	100	%	100	%	100	%

Store pre-opening. Store pre-opening costs are expensed in the period incurred.

Advertising. Advertising costs are expensed in the period incurred and are included in Selling, general and administrative expenses. Advertising costs for fiscal 2018, 2017, and 2016 were $79.9 million, $76.4 million, and $73.0 million, respectively.

Stock-based compensation. The Company recognizes compensation expense based upon the grant date fair value of all stock-based awards, typically over the vesting period. See Note C for more information on the Company’s stock-based compensation plans.

Taxes on earnings. The Company accounts for income taxes in accordance with ASC 740, “Accounting for Income Taxes,” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s consolidated financial statements or tax returns. In estimating future tax consequences, the Company generally considers all expected future events other than changes in the tax law or tax rates. ASC 740 clarifies the criteria that an individual tax position must satisfy for some or all of the benefits of that position to be recognized in a company’s consolidated financial statements. ASC 740 prescribes a recognition threshold of more-likely-than-not, and a measurement standard for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the consolidated financial statements. See Note F.

Treasury stock. The Company records treasury stock at cost. Treasury stock includes shares purchased from employees for tax withholding purposes related to vesting of restricted stock grants.

Earnings per share (“EPS”). The Company computes and reports both basic EPS and diluted EPS. Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period. Diluted EPS reflects the total potential dilution that could occur from outstanding equity plan awards, including unexercised stock options and unvested shares of both performance and non-performance based awards of restricted stock.

In fiscal 2018, 2017, and 2016 there were 23,700, 2,800, and 2,500 weighted average shares, respectively, that were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive for those years.

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations:



Shares in (000s)	Basic EPS		Effect of dilutive common stock equivalents			Diluted EPS
2018
Shares	369,533		3,145			372,678
Amount	$	4.30	$	(0.04	)	$	4.26
2017
Shares	381,174		3,155			384,329
Amount	$	3.58	$	(0.03	)	$	3.55
2016
Shares	392,124		2,834			394,958
Amount	$	2.85	$	(0.02	)	$	2.83

Comprehensive income. Comprehensive income includes net earnings and components of other comprehensive income (loss), net of tax, consisting of unrealized investment gains or losses.

Recently issued accounting standards. In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, Leases (Topic 842), as amended. The ASU requires balance sheet recognition for all leases with lease terms greater than one year including a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The Company plans to adopt the new leases standard effective February 3, 2019 using the optional transition method on a modified retrospective basis by recognizing a cumulative-effect adjustment to the opening balance of retained earnings and does not plan to restate comparative periods. In addition, the Company does not plan to elect the transitional package of practical expedients or the use of hindsight upon adoption. Upon the adoption of the ASU, the Company does not expect to record a right-of-use asset and related lease liability for leases with an initial term of 12 months or less, and plans to account for lease and non-lease components as a single lease component.

The Company is finalizing the expected effect adoption of this new guidance will have on its consolidated financial statements. The Company’s current estimate of lease liabilities based on the present value of the remaining minimum rental payments, using discount rates as of the effective date, and the corresponding right-of-use assets, is approximately $2.9 billion. The expected cumulative-effect adjustment to beginning retained earnings is a decrease of approximately $20 million primarily related to the write-off of previously capitalized initial direct costs that are no longer capitalized under the ASU, partially offset by the write-off of the deferred gain on a previous sale-leaseback transaction that meets the sale definition under the ASU. The Company does not believe adoption of this ASU will have a significant impact to its consolidated statements of earnings, stockholders’ equity, and cash flows.

Recently adopted accounting standards. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Accounting Standards Codification "ASC" 606) which, along with subsequent amendments, supersedes the revenue recognition requirements in “Revenue Recognition (ASC 605).” This guidance provides a five-step analysis of transactions to determine when and how revenue is recognized and requires entities to recognize revenue when the customer obtains control of promised goods or services in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. The Company adopted ASC 606 as of February 4, 2018, using the modified retrospective method. Results for reporting periods beginning on or after February 4, 2018 are presented under ASC 606, while prior period amounts were not adjusted and continue to be reported in accordance with ASC 605. Upon adoption of ASC 606, the Company recorded a cumulative-effect adjustment to increase beginning retained earnings by $20 million as of February 4, 2018, primarily due to the change in the timing of the recognition of stored value card breakage. The impact of applying ASC 606 was not material to the Company's consolidated financial statements for the year ended February 2, 2019.

In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. ASU 2016-18 requires restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the total beginning and ending amounts on the statement of cash flows. The standard also requires companies who report cash and restricted cash separately on the balance sheet to reconcile those amounts to the statement of cash flows. The Company adopted ASU 2016-18 as of February 4, 2018, using the retrospective method.

In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) - Improvements to Employee Share-Based Payment Accounting. ASU 2016-09 provides for changes to accounting for stock compensation including 1) excess tax benefits and tax deficiencies related to share based payment awards will be recognized as income tax benefit or expense in the reporting period in which they occur (previously such amounts were recognized in additional paid-in capital); 2) excess tax benefits will be classified as an operating activity in the statement of cash flows; and 3) the option to elect to estimate forfeitures or account for them when they occur. The impact of recording excess tax benefits in income taxes in the Company's consolidated statement of earnings may be material, depending upon the Company's future stock price on vest date in relation to the fair value of awards on grant date and the future grants of stock-based compensation.

The Company adopted ASU 2016-09 in the first quarter of fiscal 2017, and elected to apply this adoption prospectively, except for forfeitures which it adopted on a modified retrospective basis. Accordingly, prior periods have not been adjusted. As a result of adoption, for the fiscal year ended February 3, 2018, the Company recognized $16.3 million of excess tax benefits related to stock-based payments as a reduction to its provision for income taxes. These items were historically recorded in additional paid-in capital. The Company also presented cash flows related to excess tax benefits as an operating activity in the Consolidated Statement of Cash Flows and elected to account for forfeitures as incurred beginning on January 29, 2017. The impact of this accounting policy election for forfeitures was a cumulative-effect adjustment to decrease retained earnings by $1.1 million as of January 29, 2017.

Investments and Restricted Investments

12 Months Ended

Feb. 02, 2019

Fair Value Disclosures [Abstract]

Investments And Restricted Investments

Investments and Restricted Investments

Accounting standards pertaining to fair value measurements establish a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The inputs used to measure fair value include: Level 1, observable inputs such as quoted prices in active markets; Level 2, inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, unobservable inputs in which little or no market data exists. This fair value hierarchy requires the Company to develop its own assumptions and maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Corporate, U.S. government and agency, and mortgage-backed securities are classified within Level 1 or Level 2 because these securities are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs.

There were no transfers between Level 1 and Level 2 categories during the fiscal year ended February 2, 2019. The fair value of the Company’s financial instruments as of February 2, 2019 and February 3, 2018 are as follows:



($000)	2018		2017
Cash and cash equivalents (Level 1)	$	1,412,912	$	1,290,294

Investments (Level 2)	$	125	$	1,224

Restricted cash and cash equivalents (Level 1)	$	65,167	$	62,978

Restricted investments (Level 2)	$	400	$	2,838

The underlying assets in the Company’s non-qualified deferred compensation program as of February 2, 2019 and February 3, 2018 (included in Other long-term assets and in Other long-term liabilities) primarily consist of participant-directed money market, stable value, stock, and bond funds. The fair value measurement for funds with quoted market prices in active markets (Level 1) and for funds without quoted market prices in active markets (Level 2) are as follows:



($000)	2018		2017
Level 1	$	114,181	$	104,590
Level 2	10,377		16,023
Total	$	124,558	$	120,613

Stock-Based Compensation

12 Months Ended

Feb. 02, 2019

Share-based Compensation [Abstract]

Stock-Based Compensation

For fiscal 2018, 2017, and 2016, the Company recognized stock-based compensation expense as follows:



($000)	2018		2017		2016
Restricted stock	$	48,585	$	44,356	$	38,234
Performance awards	43,450		39,871		33,379
ESPP	3,550		3,190		2,941
Total	$	95,585	$	87,417	$	74,554

Capitalized stock-based compensation cost was not significant in any year.

At February 2, 2019, the Company had one active stock-based compensation plan, which is further described in Note H. The Company recognizes expense for ESPP purchase rights equal to the value of the 15% discount given on the purchase date.

Total stock-based compensation recognized in the Company’s Consolidated Statements of Earnings for fiscal 2018, 2017, and 2016 is as follows:



Statements of Earnings Classification ($000)	2018		2017		2016
Cost of goods sold	$	45,052	$	41,067	$	34,077
Selling, general and administrative	50,533		46,350		40,477
Total	$	95,585	$	87,417	$	74,554

The tax benefits related to stock-based compensation expense for fiscal 2018, 2017, and 2016 were $19.6 million, $29.5 million, and $25.9 million, respectively.

Debt

12 Months Ended

Feb. 02, 2019

Debt Disclosure [Abstract]

Debt

Senior notes. Unsecured senior debt, net of unamortized discounts and debt issuance costs, as of February 2, 2019 and February 3, 2018 consisted of the following:



($000)	2018		2017
6.38% Series A Senior Notes due 2018	$	—	$	84,973
6.53% Series B Senior Notes due 2021	64,942		64,922
3.375% Senior Notes due 2024	247,498		247,072
Total long-term debt	$	312,440	$	396,967

Less: current portion	—		84,973
Total due beyond one year	$	312,440	$	311,994

As of February 2, 2019, the Company had outstanding unsecured 3.375% Senior Notes due September 2024 (the “2024 Notes”) with an aggregate principal amount of $250 million. Interest on the 2024 Notes is payable semi-annually.

As of February 2, 2019, the Company also had outstanding Series B unsecured Senior Notes in the aggregate principal amount of $65 million, held by various institutional investors. The Series B notes are due in December 2021 and bear interest at a rate of 6.53%. Borrowings under these Senior Notes are subject to certain financial covenants, including interest coverage and other financial ratios. As of February 2, 2019, the Company was in compliance with these covenants.

On December 13, 2018, the Company repaid at maturity the $85 million principal amount of the Series A 6.38% unsecured Senior Notes.

As of February 2, 2019 and February 3, 2018, total unamortized discount and debt issuance costs were $2.6 million and $3.0 million, respectively, and were classified as a reduction of long-term debt.

The 2024 Notes, and the Series B Senior Notes are subject to prepayment penalties for early payment of principal.

The aggregate fair value of the two outstanding series of Senior Notes was approximately $316 million as of February 2, 2019, compared to aggregate fair value of approximately $411 million for the three then outstanding series of Senior Notes as of February 3, 2018 . The fair value is estimated by obtaining comparable market quotes which are considered to be Level 1 inputs under the fair value measurements and disclosures guidance.

The following table shows scheduled annual principal payments on Long-term debt:



($000)
2019	$	—
2020	$	—
2021	$	65,000
2022	$	—
2023	$	—
Thereafter	$	250,000

The table below shows the components of interest expense and income for fiscal 2018, 2017, and 2016:



($000)	2018			2017			2016
Interest expense on long-term debt	$	17,900		$	18,578		$	18,573
Other interest expense	1,004			979			1,022
Capitalized interest	(2,497		)	(710		)	(26		)
Interest income	(26,569		)	(11,171		)	(3,081		)
Interest (income) expense, net	$	(10,162	)	$	7,676		$	16,488

Revolving credit facility. The Company’s existing $600 million unsecured revolving credit facility expires in April 2021, and contains a $300 million sublimit for issuance of standby letters of credit (subject to increase in proportion to any increase in the size of the credit facility). The facility also contains an option allowing the Company to increase the size of its credit facility by up to an additional $200 million, with the agreement of the lenders. Interest on any borrowings under this facility is based on LIBOR plus an applicable margin (currently 100 basis points) and is payable quarterly and upon maturity. As of February 2, 2019, the Company had no borrowings or standby letters of credit outstanding under this facility and the $600 million credit facility remains in place and available.

The revolving credit facility is subject to a financial leverage ratio covenant. As of February 2, 2019, the Company was in compliance with this covenant.

Standby letters of credit and collateral trust. The Company uses standby letters of credit outside of its revolving credit facility in addition to a funded trust to collateralize its insurance obligations. As of February 2, 2019 and February 3, 2018, the Company had $7.3 million and $8.7 million, respectively, in standby letters of credit and $58.3 million and $57.1 million, respectively, in a collateral trust. The standby letters of credit are collateralized by restricted cash and the collateral trust consists of restricted cash, cash equivalents, and investments.

Trade letters of credit. The Company had $13.3 million and $20.7 million in trade letters of credit outstanding at February 2, 2019 and February 3, 2018, respectively.

Leases

12 Months Ended

Feb. 02, 2019

Leases [Abstract]

Leases

The Company currently leases all but two of its store locations with original, non-cancelable terms that in general range from three to ten years. Store leases typically contain provisions for three to four renewal options of five years each. Most store leases also provide for minimum annual rentals and for payment of certain expenses. In addition, some store leases also have provisions for additional rent based on a percentage of sales.

In November 2017, the Company entered into a sale-leaseback transaction on one of its previously owned stores. The Company received net cash proceeds of $16.0 million, recognized a gain on sale of $6.3 million, and deferred the residual $7.5 million gain over the remaining ten-year lease term.

The Company leases five warehouses. Two of the warehouses are in Carlisle, Pennsylvania with leases expiring in 2019 and 2020, one is in Fort Mill, South Carolina, with the lease expiring in 2024, one is in Rock Hill, South Carolina, with the lease expiring in 2028, and one is in Shafter, California, with the lease expiring in 2029. All of the warehouse leases contain renewal provisions.

The Company leases approximately 103,000 and 5,000 square feet of office space for its Los Angeles and Boston buying offices, respectively. The lease term for these facilities expire in 2022 and 2020, respectively, and contain renewal provisions. In addition, the Company has a ground lease related to its New York buying office.

The aggregate undiscounted future minimum annual lease payments under leases, including the ground lease related to the New York buying office, in effect at February 2, 2019 are as follows:



($000)	Total operating leases
2019	$	555,812
2020	580,712
2021	499,678
2022	424,695
2023	339,340
Thereafter	1,575,673
Total minimum lease payments	$	3,975,910

Rent expense, including contingent rent and net of sublease income, was $569.8 million, $532.4 million, and $505.2 million in fiscal 2018, 2017, and 2016, respectively. Contingent rent and sublease income was not significant in any year.

Taxes on Earnings

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Abstract]

Taxes on Earnings

The provision for income taxes consisted of the following:



($000)	2018			2017			2016
Current
Federal	$	357,170		$	660,017		$	632,872
State	74,472			52,853			44,333
	431,642			712,870			677,205
Deferred
Federal	33,913			(40,468		)	(8,350		)
State	(2,136		)	5,565			(353		)
	31,777			(34,903		)	(8,703		)
Total	$	463,419		$	677,967		$	668,502

The provision for taxes for financial reporting purposes is different from the tax provision computed by applying the statutory federal income tax rate. The differences are reconciled below:



	2018		2017		2016
Federal income taxes at the statutory rate	21	%	34	%	35	%
State income taxes (net of federal benefit) and other, net	3		2		2
Tax audit settlements	(1	)	—		—
Impact of the Tax Act on deferred taxes	—		(3	)	—
Total	23	%	33	%	37	%

In November 2018, the Company resolved uncertain tax positions related to fiscal 2015 with the Internal Revenue Service. As a result, the Company recognized a tax benefit of approximately $26.0 million in the Consolidated Statement of Earnings.

In fiscal 2017, The Tax Cuts and Jobs Act (the “Tax Act” or "tax reform") was signed into law. The Tax Act made significant changes to U.S. corporate taxation including reducing the U.S. federal corporate income tax rate from 35% to 21% effective January 1, 2018, the last month of fiscal 2017. U.S. GAAP requires that the impact of tax legislation be recognized in the period in which the law was enacted. The Company applied a blended U.S. federal income tax rate of approximately 34% for fiscal 2017. This reduced tax rate resulted in a tax benefit of $24.9 million in fiscal 2017. The Company recorded an additional tax benefit of $55.2 million due to the remeasurement of its deferred tax assets and liabilities in fiscal 2017. As a result of the Tax Act, the SEC staff issued Staff Accounting Bulletin 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (“SAB 118”), which provided guidance on accounting for the impact of the Tax Act. As permitted by SAB 118, the Company recorded provisional amounts for both current and deferred income taxes related to the reduced U.S. federal corporate income tax rate in fiscal 2017. The recorded provisional amounts totaling $80.1 million of tax benefit reflected assumptions made based upon the Company's interpretation of the Tax Act. The Company did not record any adjustments to the provisional amounts recorded in fiscal 2017. With the completion and filing of the 2017 federal return during the quarter ended November 3, 2018, the Company considered the deferred tax remeasurements and other adjustments related to the Tax Act to be complete.

Also, in fiscal 2017, the Company adopted ASU 2016-09. Prior to adoption of ASU 2016-09, the Company realized tax benefits of $23.3 million in 2016, related to employee equity programs that were recorded in additional paid-in capital. As a result of adopting ASU 2016-09, the Company realized tax benefits of $12.6 million and $16.3 million in 2018 and 2017, respectively, as a reduction to its provision for income taxes.

The components of deferred taxes at February 2, 2019 and February 3, 2018 are as follows:



($000)	2018			2017
Deferred Tax Assets
Accrued liabilities	$	38,367		$	46,489
Deferred compensation	30,886			28,094
Stock-based compensation	36,118			34,986
Deferred rent	19,824			18,013
State taxes and credits	20,310			20,206
Employee benefits	18,845			15,242
Other	1,412			5,224
Gross Deferred Tax Assets	165,762			168,254
Less: Valuation allowance	(4,639		)	(4,659		)
Deferred Tax Assets	161,123			163,595

Deferred Tax Liabilities
Depreciation	(238,631		)	(217,332		)
Merchandise inventory	(25,686		)	(19,055		)
Supplies	(10,308		)	(9,529		)
Other	(10,806		)	(3,485		)
Deferred Tax Liabilities	(285,431		)	(249,401		)
Net Deferred Tax Liabilities	$	(124,308	)	$	(85,806	)

At the end of fiscal 2018 and 2017, the Company’s state tax credit carryforwards for income tax purposes were approximately $13.6 million and $14.7 million, respectively. The state tax credit carryforwards will begin to expire in fiscal 2019. The Company has provided a valuation allowance of $4.6 million as of the end of fiscal 2018 for deferred tax assets related to state tax credits that are not expected to be realized.

The changes in amounts of unrecognized tax benefits (gross of federal tax benefits and excluding interest and penalties) at fiscal 2018, 2017, and 2016 are as follows:



($000)	2018			2017			2016
Unrecognized tax benefits - beginning of year	$	98,666		$	81,122		$	75,372
Gross increases:
Tax positions in current period	14,722			26,837			12,394
Tax positions in prior period	1,843			—			2,897
Gross decreases:
Tax positions in prior periods	(40,600		)	(2,755		)	(3,231		)
Lapse of statutes of limitations	(8,584		)	(6,068		)	(6,310		)
Settlements	(260		)	(470		)	—
Unrecognized tax benefits - end of year	$	65,787		$	98,666		$	81,122

At the end of fiscal 2018, 2017, and 2016, the reserves for unrecognized tax benefits were $78.8 million, $121.3 million, and $98.6 million inclusive of $13.0 million, $22.6 million, and $17.5 million of related reserves for interest and penalties, respectively. In November 2018, the Company resolved uncertain tax positions related to fiscal 2015 with the Internal Revenue Service. As a result, the Company recognized a decrease in reserves for tax positions in prior periods of $52.4 million, inclusive of $12.6 million of related reserves for interest and penalties. The Company accounts for interest and penalties related to unrecognized tax benefits as a part of its provision for taxes on earnings. If recognized, $62.7 million would impact the Company’s effective tax rate. The difference between the total amount of unrecognized tax benefits and the amounts that would impact the effective tax rate relates to amounts attributable to deferred tax assets and liabilities. These amounts are net of federal and state income taxes.

It is reasonably possible that certain state tax matters may be concluded or statutes of limitations may lapse during the next twelve months. Accordingly, the total amount of unrecognized tax benefits may decrease by up to $9.1 million.

The Company is open to audit by the Internal Revenue Service under the statute of limitations for fiscal years 2015 through 2018. The Company’s state income tax returns are generally open to audit under the various statutes of limitations for fiscal years 2014 through 2018. Certain state tax returns are currently under audit by various tax authorities. The Company does not expect the results of these audits to have a material impact on the consolidated financial statements.

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Feb. 02, 2019
Defined Contribution Plan [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company has a defined contribution plan that is available to certain employees. Under the plan, employee and Company contributions and accumulated plan earnings qualify for favorable tax treatment under Section 401(k) of the Internal Revenue Code. This plan permits employees to make contributions up to the maximum limits allowable under the Internal Revenue Code. The Company matches up to 4% of the employee’s salary up to the plan limits. Company matching contributions to the 401(k) plan were $17.1 million, $15.4 million, and $13.9 million in fiscal 2018, 2017, and 2016, respectively. The Company also has an Incentive Compensation Plan which provides cash awards to key management and employees based on Company and individual performance. The Company also makes available to management a Non-qualified Deferred Compensation Plan which allows management to make payroll contributions on a pre-tax basis in addition to the 401(k) plan. Other long-term assets include $124.6 million and $120.6 million at February 2, 2019 and February 3, 2018, respectively, of long-term plan investments, at market value, set aside or designated for the Non-qualified Deferred Compensation Plan (See Note B). Plan investments are designated by the participants, and investment returns are not guaranteed by the Company. The Company has a corresponding liability to participants of $124.6 million and $120.6 million at February 2, 2019 and February 3, 2018, respectively, included in Other long-term liabilities in the Consolidated Balance Sheets. In addition, the Company has certain individuals who receive or will receive post-employment medical benefits. The estimated liability for these benefits of $6.7 million and $7.3 million is included in Accrued expenses and other in the accompanying Consolidated Balance Sheets as of February 2, 2019 and February 3, 2018, respectively.

Stockholders' Equity

12 Months Ended

Feb. 02, 2019

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Common stock. In February 2017, the Company’s Board of Directors approved a two-year $1.75 billion stock repurchase program through fiscal 2018. In March 2018, the Company’s Board of Directors approved an increase in the stock repurchase authorization for fiscal 2018 by $200 million to $1.075 billion, up from the previously available $875 million. In March 2019, the Company's Board of Directors approved a new, 2-year $2.55 billion stock repurchase program through fiscal 2020.

The following table summarizes the Company’s stock repurchase activity in fiscal 2018, 2017, and 2016:



Fiscal Year	Shares repurchased (in millions)	Average repurchase price	Repurchased (in millions)
2018	12.5	$86.19	$1,075
2017	13.5	$64.87	$875
2016	11.6	$60.15	$700

Preferred stock. The Company has four million shares of preferred stock authorized, with a par value of $.01 per share. No preferred stock is issued or outstanding.

Dividends. On March 5, 2019, the Company’s Board of Directors declared a quarterly cash dividend of $0.255 per common share, payable on March 29, 2019. The Company’s Board of Directors declared cash dividends of $0.225 per common share in March, May, August, and November 2018, cash dividends of $0.160 per common share in February, May, August, and November 2017, and cash dividends of $0.135 per common share in March, May, August, and November 2016.

2017 Equity Incentive Plan. On May 17, 2017, the Company’s stockholders approved the Ross Stores, Inc. 2017 Equity Incentive Plan (the “2017 Plan”) which replaced the Company’s 2008 Equity Incentive Plan (“Predecessor Plan”). The 2017 Plan, which was authorized to issue a maximum of 12.0 million shares, was immediately effective upon approval and no further awards were granted under the Predecessor Plan, which was terminated.

The 2017 Plan has an initial share reserve of 12.0 million shares of the Company’s common stock which can be increased by a maximum of 5.5 million shares from certain expired, withheld, or forfeited shares from the 2017 Plan or the Predecessor Plan. The 2017 Plan provides for various types of incentive awards, which may potentially include the grant of stock options, stock appreciation rights, restricted stock purchase rights, restricted stock bonuses, restricted stock units, performance shares, performance units, and deferred compensation awards. As of February 2, 2019, there were 11.2 million shares available for grant under the 2017 Plan.

As of February 3, 2018, all remaining options under the 2017 Plan or Predecessor Plan had been exercised and there were no remaining outstanding and exercisable options.

A summary of restricted stock and performance share award activity for fiscal 2018 is presented below:



	Number of shares (000)		Weighted average grant date fair value
Unvested at February 3, 2018	5,483		$51.19
Awarded	1,507		79.56
Released	(1,771	)	44.29
Forfeited	(89	)	59.87
Unvested at February 2, 2019	5,130		$62.50

The market value of shares of restricted stock and performance shares at the date of grant is amortized to expense over the vesting period of generally three to five years. The unamortized compensation expense at February 2, 2019 and February 3, 2018 was $138.1 million and $114.0 million, respectively, which is expected to be recognized over a weighted average remaining period of 1.8 years. Intrinsic value for restricted stock, defined as the closing market value on the last business day of fiscal year 2018 (or $91.73), was $470.6 million. A total of 11.2 million, 11.9 million, and 12.1 million shares were available for new restricted stock awards at the end of fiscal 2018, 2017, and 2016, respectively. During fiscal 2018, 2017, and 2016, shares purchased by the Company for tax withholding totaled 0.7 million, 0.7 million, and 0.7 million shares, respectively, and are considered treasury shares which are available for reissuance. As of February 2, 2019 and February 3, 2018, the Company held 13.2 million and 12.5 million shares of treasury stock, respectively.

Performance share awards. The Company has a performance share award program for senior executives. A performance share award represents a right to receive shares of restricted stock on a specified settlement date based on the Company’s attainment of a profitability-based performance goal during the performance period, which is the Company’s fiscal year. If attained, the restricted stock then vests over a service period, generally two to three years from the date the performance award was granted. The Company issued approximately 556,000, 655,000, and 682,000 shares in settlement of the fiscal 2018, 2017, and 2016 awards.

Employee Stock Purchase Plan. Under the Employee Stock Purchase Plan (“ESPP”), eligible employees participating in the quarterly offering period can choose to have up to the lesser of 10% of their annual base earnings or the IRS annual share purchase limit of $25,000 in aggregate market value to purchase the Company’s common stock. The purchase price of the stock is 85% of the closing market price on the date of purchase. Purchases occur on a quarterly basis (on the last trading day of each calendar quarter). The Company recognizes expense for ESPP purchase rights equal to the value of the 15% discount given on the purchase date.

During fiscal 2018, 2017, and 2016, employees purchased approximately 0.3 million, 0.3 million, and 0.3 million shares, respectively, of the Company’s common stock under the plan at weighted average per share prices of $72.89, $56.42, and $51.86, respectively. Through February 2, 2019, approximately 40.0 million shares had been issued under this plan and 5.0 million shares remained available for future issuance.

Related Party Transactions	12 Months Ended
Related Party Transactions	Feb. 02, 2019
Related Party Transaction, Due from (to) Related Party [Abstract]
Related Party Transactions	Related Party Transactions The Company has a consulting agreement with Norman Ferber, its Chairman Emeritus of the Board of Directors, under which the Company paid him $1.9 million, $1.6 million, and $1.5 million in fiscal 2018, 2017, and 2016, respectively. In addition, the agreement provides for administrative support and health and other benefits for him and his dependents, which totaled approximately $0.4 million, $0.4 million, and $0.4 million in fiscal 2018, 2017, and 2016, respectively, along with amounts to cover premiums through May 2020 on a life insurance policy with a death benefit of $2.0 million. Mr. Ferber's current consulting agreement pays him an annual consulting fee of $1.9 million through May 2020. On termination of Mr. Ferber’s consultancy with the Company, the Company will pay Mr. Ferber $75,000 per year for a period of 10 years. Robert Ferber, the son of Norman Ferber, is a buyer with the Company. The Company paid Robert Ferber compensation including salary and bonus of approximately $180,000, $159,000, and $148,000 in fiscal 2018, 2017, and 2016, respectively.

Litigation, Claims, and Assessments	12 Months Ended
Litigation, Claims, and Assessments	Feb. 02, 2019
Commitments and Contingencies Disclosure [Abstract]
Litigation, Claims, and Assessments	Litigation, Claims, and Assessments Like many retailers, the Company has been named in class action lawsuits, primarily in California, alleging violation of wage and hour laws and consumer protection laws. Class action litigation remains pending as of February 2, 2019. The Company is also party to various other legal and regulatory proceedings arising in the normal course of business. Actions filed against the Company may include commercial, product and product safety, consumer, intellectual property, and labor and employment-related claims, including lawsuits in which private plaintiffs or governmental agencies allege that the Company violated federal, state, and/or local laws. Actions against the Company are in various procedural stages. Many of these proceedings raise factual and legal issues and are subject to uncertainties. In the opinion of management, the resolution of pending class action litigation and other currently pending legal and regulatory proceedings will not have a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

Quarterly Financial Data (Unaudited)

12 Months Ended

Feb. 02, 2019

Quarterly Financial Data [Abstract]

Quarterly Financial Data (Unaudited)

Summarized quarterly financial information for fiscal 2018 and 2017 is presented in the tables below.

Year ended February 2, 2019:



	Quarter Ended
($000, except per share data)	May 5, 2018			August 4, 2018			November 3, 2018			February 2, 2019
Sales	$	3,588,619		$	3,737,926		$	3,549,608		$	4,107,388

Cost of goods sold	2,522,219			2,666,983			2,547,331			2,989,744
Selling, general and administrative	524,423			554,581			561,577			575,969
Interest income, net	(503		)	(1,393		)	(2,953		)	(5,313		)
Total costs and expenses	3,046,139			3,220,171			3,105,955			3,560,400
Earnings before taxes	542,480			517,755			443,653			546,988
Provision for taxes on earnings	124,228			128,351			105,545			105,295
Net earnings	$	418,252		$	389,404		$	338,108		$	441,693


Earnings per share – basic¹	$	1.12		$	1.05		$	0.92		$	1.21		²
Earnings per share – diluted¹	$	1.11		$	1.04		$	0.91		$	1.20		²
Cash dividends declared per share
on common stock	$	0.225		$	0.225		$	0.225		$	0.225



¹	EPS is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding.
²	Includes a per share benefit of approximately $0.07 from the favorable resolution of a tax matter.

Year ended February 3, 2018:



	Quarter Ended
($000, except per share data)	April 29, 2017		July 29, 2017		October 28, 2017		February 3, 2018
Sales	$	3,306,429	$	3,431,603	$	3,328,894	$	4,067,806

Cost of goods sold	2,329,966		2,420,942		2,369,148		2,922,582
Selling, general and administrative	474,819		498,276		517,297		553,306
Interest expense, net	3,169		2,341		1,780		386
Total costs and expenses	2,807,954		2,921,559		2,888,225		3,476,274
Earnings before taxes	498,475		510,044		440,669		591,532
Provision for taxes on earnings	177,457		193,505		166,220		140,785
Net earnings	$	321,018	$	316,539	$	274,449	$	450,747


Earnings per share – basic¹	$	0.83	$	0.83	$	0.72	$	1.20	²
Earnings per share – diluted¹	$	0.82	$	0.82	$	0.72	$	1.19	²
Cash dividends declared per share
on common stock	$	0.160	$	0.160	$	0.160	$	0.160



¹	EPS is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding.
²	Includes a per share benefit of approximately $0.21 from tax reform legislation enacted in December 2017 and $0.10 from the 53rd week.

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Feb. 02, 2019
Accounting Policies [Abstract]
Business	Business. Ross Stores, Inc. and its subsidiaries (the “Company”) is an off-price retailer of first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family. At the end of fiscal 2018, the Company operated 1,480 Ross Dress for Less^® (“Ross”) locations in 38 states, the District of Columbia, and Guam, and 237 dd’s DISCOUNTS^® stores in 18 states. The Ross and dd’s DISCOUNTS stores are supported by six distribution centers. The Company’s headquarters, one buying office, three operating distribution centers, three warehouses, and 23% of its stores are located in California.
Segment reporting	Segment reporting. The Company has one reportable segment. The Company’s operations include only activities related to off-price retailing in stores throughout the United States.
Basis of presentation and fiscal year	Basis of presentation and fiscal year. The consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly-owned. Intercompany transactions and accounts have been eliminated. The Company follows the National Retail Federation fiscal calendar and utilizes a 52-53 week fiscal year whereby the fiscal year ends on the Saturday nearest to January 31. The fiscal years ended February 2, 2019, February 3, 2018 and January 28, 2017 are referred to as fiscal 2018, fiscal 2017, and fiscal 2016, respectively. Fiscal 2017 was a 53-week year. Fiscal 2018 and 2016 were each 52-week years.
Use of accounting estimates	Use of accounting estimates. The preparation of consolidated financial statements in conformity with Generally Accepted Accounting Principles in the United States of America (“GAAP”) requires the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company’s significant accounting estimates include valuation reserves for inventory shortage, packaway inventory costs, useful lives of fixed assets, insurance reserves, reserves for uncertain tax positions, and legal claims.
Purchase obligations	These purchase obligations primarily consist of merchandise inventory purchase orders, commitments related to construction projects, store fixtures and supplies, and information technology services, transportation, and maintenance contracts.
Cash and cash equivalents	Cash and cash equivalents. Cash equivalents consist of highly liquid, fixed income instruments purchased with an original maturity of three months or less.
Restricted cash, cash equivalents, and investments	Restricted cash, cash equivalents, and investments. Restricted cash, cash equivalents, and investments serve as collateral for certain insurance obligations of the Company. These restricted funds are invested in bank deposits, money market mutual funds, U.S. Government and agency securities, and corporate securities and cannot be withdrawn from the Company’s account without the prior written consent of the secured parties.
Estimated fair value of financial instruments	Estimated fair value of financial instruments. The carrying value of cash and cash equivalents, short- and long-term investments, restricted cash and cash equivalents, restricted investments, accounts receivable, other long-term assets, accounts payable, and other long-term liabilities approximates their estimated fair value. See Note B and Note D for additional fair value information. Cash and cash equivalents were $1,412.9 million and $1,290.3 million, at February 2, 2019 and February 3, 2018, respectively, and include bank deposits and money market funds for which the fair value was determined using quoted prices for identical assets in active markets, which are considered to be Level 1 inputs under the fair value measurements and disclosures guidance.
Investments	Investments. The Company’s investments are comprised of various debt securities. At February 2, 2019 and February 3, 2018, these investments were classified as available-for-sale and are stated at fair value. Investments are classified as either short- or long-term based on their maturity dates and the Company’s intent. Investments with a maturity of less than one year are classified as short-term.
Merchandise inventory	Merchandise inventory. Merchandise inventory is stated at the lower of cost (determined using a weighted average basis) or net realizable value. The Company purchases inventory that can either be shipped to stores or processed as packaway merchandise with the intent that it will be warehoused and released to stores at a later date. The timing of the release of packaway inventory to the stores is principally driven by the product mix and seasonality of the merchandise, and its relation to the Company’s store merchandise assortment plans. As such, the aging of packaway varies by merchandise category and seasonality of purchase, but typically packaway remains in storage less than six months. Merchandise inventory includes acquisition, processing, and storage costs related to packaway inventory. The cost of the Company’s merchandise inventory is reduced by valuation reserves for shortage based on historical shortage experience from the Company’s physical merchandise inventory counts and cycle counts.
Cost of goods sold and Revenue recognition	Revenue recognition. The Company recognizes revenue at the point of sale, net of sales taxes collected and an allowance for estimated future returns. As a result of adopting ASU No. 2014-09, Revenue from Contracts with Customers (Accounting Standards Codification "ASC" 606), the Company recognizes allowances for estimated sales returns on a gross basis as a reduction to sales. This resulted in an asset recorded for the expected recovery of merchandise inventory of $10.2 million and a liability recorded for the refund due to the customer of $19.8 million as of February 2, 2019. Prior to the adoption of ASC 606, the Company recognized allowances for sales returns on a net margin basis, which was $9.9 million and $8.4 million as of February 3, 2018 and January 28, 2017, respectively. Sales taxes collected that are outstanding and the allowance for estimated future returns are included in Accrued expenses and other and the asset for expected recovery of merchandise is included in Prepaid expenses and other in the Consolidated Balance Sheets. Sales of stored value cards are deferred until they are redeemed for the purchase of Company merchandise. The Company’s stored value cards do not have expiration dates. Based upon historical redemption rates, a small percentage of stored value cards will never be redeemed, which represents breakage. As a result of adopting ASC 606, breakage is estimated and recognized as revenue based upon the historical pattern of customer redemptions. In prior periods, breakage was recorded as a reduction of operating expense when customer redemption was considered remote. Breakage was not material to the consolidated financial statements in fiscal 2018, 2017, and 2016. Cost of goods sold. In addition to product costs, the Company includes in cost of goods sold its buying, distribution, and freight expenses as well as occupancy costs, and depreciation and amortization related to the Company’s retail stores, buying, and distribution facilities. Buying expenses include costs to procure merchandise inventories. Distribution expenses include the cost of operating the Company’s distribution centers and warehouse facilities.
Property and equipment	The Company capitalizes interest during the construction period and during the development and implementation phase of software projects. Property and equipment. Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the estimated useful life of the asset, typically ranging from three to 12 years for equipment, 20 to 40 years for land improvements and buildings, and three to seven years for computer software costs incurred in developing or obtaining software for internal use. The cost of leasehold improvements is amortized over the useful life of the asset or the applicable lease term, whichever is less.
Other long-term assets	Property and other long-term assets that are subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Intangible assets that are not subject to amortization, including goodwill, are tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset may be impaired.
Store closures	Store closures. The Company continually reviews the operating performance of individual stores. For stores that are closed, the Company records a liability for future minimum lease payments net of estimated sublease recoveries and related ancillary costs at the time the liability is incurred. The lease loss liability was $0.2 million and $0.6 million, as of February 2, 2019 and February 3, 2018, respectively. Operating costs, including depreciation, of stores to be closed are expensed during the period they remain in use.
Accounts payable	Accounts payable. Accounts payable represents amounts owed to third parties at the end of the period. Accounts payable includes book cash overdrafts (checks issued under zero balance accounts not yet presented for payment) in excess of cash balances in such accounts of approximately $83.2 million and $74.5 million at February 2, 2019 and February 3, 2018, respectively. The Company includes the change in book cash overdrafts in operating cash flows.
Insurance obligations	Insurance obligations. The Company uses a combination of insurance and self-insurance for a number of risk management activities, including workers’ compensation, general liability, and employee-related health care benefits. The self-insurance and deductible liability is determined actuarially, based on claims filed and an estimate of claims incurred but not yet reported.
Lease accounting	Lease accounting. When a lease contains “rent holidays” or requires fixed escalations of the minimum lease payments, the Company records rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. The Company begins recording rent expense on the lease possession date. Tenant improvement allowances are amortized over the lease term. Changes in deferred rent and tenant improvement allowances are included as a component of operating activities in the Consolidated Statements of Cash Flows.
Store pre-opening	Store pre-opening. Store pre-opening costs are expensed in the period incurred.
Advertising	Advertising. Advertising costs are expensed in the period incurred and are included in Selling, general and administrative expenses.
Share-based compensation	Stock-based compensation. The Company recognizes compensation expense based upon the grant date fair value of all stock-based awards, typically over the vesting period.
Taxes on earnings	Taxes on earnings. The Company accounts for income taxes in accordance with ASC 740, “Accounting for Income Taxes,” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s consolidated financial statements or tax returns. In estimating future tax consequences, the Company generally considers all expected future events other than changes in the tax law or tax rates. ASC 740 clarifies the criteria that an individual tax position must satisfy for some or all of the benefits of that position to be recognized in a company’s consolidated financial statements. ASC 740 prescribes a recognition threshold of more-likely-than-not, and a measurement standard for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the consolidated financial statements.
Treasury stock	Treasury stock. The Company records treasury stock at cost. Treasury stock includes shares purchased from employees for tax withholding purposes related to vesting of restricted stock grants.
Earnings per share (EPS)	Earnings per share (“EPS”). The Company computes and reports both basic EPS and diluted EPS. Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period. Diluted EPS reflects the total potential dilution that could occur from outstanding equity plan awards, including unexercised stock options and unvested shares of both performance and non-performance based awards of restricted stock.
Comprehensive income	Comprehensive income. Comprehensive income includes net earnings and components of other comprehensive income (loss), net of tax, consisting of unrealized investment gains or losses.
Recently issued and adopted accounting standards	Recently issued accounting standards. In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, Leases (Topic 842), as amended. The ASU requires balance sheet recognition for all leases with lease terms greater than one year including a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The Company plans to adopt the new leases standard effective February 3, 2019 using the optional transition method on a modified retrospective basis by recognizing a cumulative-effect adjustment to the opening balance of retained earnings and does not plan to restate comparative periods. In addition, the Company does not plan to elect the transitional package of practical expedients or the use of hindsight upon adoption. Upon the adoption of the ASU, the Company does not expect to record a right-of-use asset and related lease liability for leases with an initial term of 12 months or less, and plans to account for lease and non-lease components as a single lease component. The Company is finalizing the expected effect adoption of this new guidance will have on its consolidated financial statements. The Company’s current estimate of lease liabilities based on the present value of the remaining minimum rental payments, using discount rates as of the effective date, and the corresponding right-of-use assets, is approximately $2.9 billion. The expected cumulative-effect adjustment to beginning retained earnings is a decrease of approximately $20 million primarily related to the write-off of previously capitalized initial direct costs that are no longer capitalized under the ASU, partially offset by the write-off of the deferred gain on a previous sale-leaseback transaction that meets the sale definition under the ASU. The Company does not believe adoption of this ASU will have a significant impact to its consolidated statements of earnings, stockholders’ equity, and cash flows. Recently adopted accounting standards. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Accounting Standards Codification "ASC" 606) which, along with subsequent amendments, supersedes the revenue recognition requirements in “Revenue Recognition (ASC 605).” This guidance provides a five-step analysis of transactions to determine when and how revenue is recognized and requires entities to recognize revenue when the customer obtains control of promised goods or services in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. The Company adopted ASC 606 as of February 4, 2018, using the modified retrospective method. Results for reporting periods beginning on or after February 4, 2018 are presented under ASC 606, while prior period amounts were not adjusted and continue to be reported in accordance with ASC 605. Upon adoption of ASC 606, the Company recorded a cumulative-effect adjustment to increase beginning retained earnings by $20 million as of February 4, 2018, primarily due to the change in the timing of the recognition of stored value card breakage. The impact of applying ASC 606 was not material to the Company's consolidated financial statements for the year ended February 2, 2019. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. ASU 2016-18 requires restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the total beginning and ending amounts on the statement of cash flows. The standard also requires companies who report cash and restricted cash separately on the balance sheet to reconcile those amounts to the statement of cash flows. The Company adopted ASU 2016-18 as of February 4, 2018, using the retrospective method. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) - Improvements to Employee Share-Based Payment Accounting. ASU 2016-09 provides for changes to accounting for stock compensation including 1) excess tax benefits and tax deficiencies related to share based payment awards will be recognized as income tax benefit or expense in the reporting period in which they occur (previously such amounts were recognized in additional paid-in capital); 2) excess tax benefits will be classified as an operating activity in the statement of cash flows; and 3) the option to elect to estimate forfeitures or account for them when they occur. The impact of recording excess tax benefits in income taxes in the Company's consolidated statement of earnings may be material, depending upon the Company's future stock price on vest date in relation to the fair value of awards on grant date and the future grants of stock-based compensation. The Company adopted ASU 2016-09 in the first quarter of fiscal 2017, and elected to apply this adoption prospectively, except for forfeitures which it adopted on a modified retrospective basis. Accordingly, prior periods have not been adjusted. As a result of adoption, for the fiscal year ended February 3, 2018, the Company recognized $16.3 million of excess tax benefits related to stock-based payments as a reduction to its provision for income taxes. These items were historically recorded in additional paid-in capital. The Company also presented cash flows related to excess tax benefits as an operating activity in the Consolidated Statement of Cash Flows and elected to account for forfeitures as incurred beginning on January 29, 2017. The impact of this accounting policy election for forfeitures was a cumulative-effect adjustment to decrease retained earnings by $1.1 million as of January 29, 2017.
Fair value measurement	Accounting standards pertaining to fair value measurements establish a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The inputs used to measure fair value include: Level 1, observable inputs such as quoted prices in active markets; Level 2, inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, unobservable inputs in which little or no market data exists. This fair value hierarchy requires the Company to develop its own assumptions and maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Corporate, U.S. government and agency, and mortgage-backed securities are classified within Level 1 or Level 2 because these securities are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 02, 2019

Accounting Policies [Abstract]

Schedule of Restricted Cash Reconciliation



($000)	2018		2017		2016
Cash and cash equivalents	$	1,412,912	$	1,290,294	$	1,111,599
Restricted cash and cash equivalents included in:
Prepaid expenses and other	11,402		9,412		12,936
Other long-term assets	53,765		53,566		51,645
Total restricted cash and cash equivalents	65,167		62,978		64,581
Total cash, cash equivalents and restricted cash and equivalents	$	1,478,079	$	1,353,272	$	1,176,180

Schedule of Restricted cash, Cash Equivalents and Investments

In addition to the restricted cash and equivalents in the table above, the Company has restricted investments included in the Consolidated Balance Sheets as shown below:



Restricted Assets ($000)	2018		2017
Prepaid expenses and other	$	400	$	2,435
Other long-term assets	—		403
Total restricted investments	$	400	$	2,838

Schedule Of Other Long-Term Assets

Other long-term assets as of February 2, 2019 and February 3, 2018 consisted of the following:



($000)	2018		2017
Deferred compensation (Note B)	$	124,558	$	120,613
Restricted cash and investments	53,765		53,969
Other	16,023		13,136
Total	$	194,346	$	187,718

Summary Of Insurance Obligations

Self-insurance and deductible reserves as of February 2, 2019 and February 3, 2018 consisted of the following:



($000)	2018		2017
Workers’ compensation	$	89,993	$	94,430
General liability	42,877		40,763
Medical plans	6,515		6,725
Total	$	139,385	$	141,918

Schedule Of Other Long-Term Liabilities

Other long-term liabilities as of February 2, 2019 and February 3, 2018 consisted of the following:



($000)	2018		2017
Income taxes (Note F)	$	77,872	$	120,660
Deferred compensation (Note G)	124,558		120,613
Deferred rent	81,442		73,059
Tenant improvement allowances	25,418		21,668
Other	12,423		12,541
Total	$	321,713	$	348,541

Schedule of Disaggregation of Revenue

The following sales mix table disaggregates revenue by merchandise category for fiscal 2018, 2017, and 2016:



	2018		2017		2016
Ladies	26	%	27	%	28	%
Home Accents and Bed and Bath	26	%	26	%	25	%
Men’s	14	%	13	%	13	%
Accessories, Lingerie, Fine Jewelry, and Fragrances	13	%	13	%	13	%
Shoes	13	%	13	%	13	%
Children’s	8	%	8	%	8	%
Total	100	%	100	%	100	%

Schedule Of Basic And Diluted EPS

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations:



Shares in (000s)	Basic EPS		Effect of dilutive common stock equivalents			Diluted EPS
2018
Shares	369,533		3,145			372,678
Amount	$	4.30	$	(0.04	)	$	4.26
2017
Shares	381,174		3,155			384,329
Amount	$	3.58	$	(0.03	)	$	3.55
2016
Shares	392,124		2,834			394,958
Amount	$	2.85	$	(0.02	)	$	2.83

Investments and Restricted Investments (Tables)

12 Months Ended

Feb. 02, 2019

Fair Value Disclosures [Abstract]

Fair Value, By Balance Sheet Grouping

The fair value of the Company’s financial instruments as of February 2, 2019 and February 3, 2018 are as follows:



($000)	2018		2017
Cash and cash equivalents (Level 1)	$	1,412,912	$	1,290,294

Investments (Level 2)	$	125	$	1,224

Restricted cash and cash equivalents (Level 1)	$	65,167	$	62,978

Restricted investments (Level 2)	$	400	$	2,838

Schedule Of Fair Value, Assets And Liabilities Measured on Recurring Basis

The fair value measurement for funds with quoted market prices in active markets (Level 1) and for funds without quoted market prices in active markets (Level 2) are as follows:



($000)	2018		2017
Level 1	$	114,181	$	104,590
Level 2	10,377		16,023
Total	$	124,558	$	120,613

Stock-Based Compensation (Tables)

12 Months Ended

Feb. 02, 2019

Share-based Compensation [Abstract]

Recognized Stock-Based Compensation

For fiscal 2018, 2017, and 2016, the Company recognized stock-based compensation expense as follows:



($000)	2018		2017		2016
Restricted stock	$	48,585	$	44,356	$	38,234
Performance awards	43,450		39,871		33,379
ESPP	3,550		3,190		2,941
Total	$	95,585	$	87,417	$	74,554

Total Stock-Based Compensation Recognized In The Consolidated Statements Of Earnings

Total stock-based compensation recognized in the Company’s Consolidated Statements of Earnings for fiscal 2018, 2017, and 2016 is as follows:



Statements of Earnings Classification ($000)	2018		2017		2016
Cost of goods sold	$	45,052	$	41,067	$	34,077
Selling, general and administrative	50,533		46,350		40,477
Total	$	95,585	$	87,417	$	74,554

Debt (Tables)

12 Months Ended

Feb. 02, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Unsecured senior debt, net of unamortized discounts and debt issuance costs, as of February 2, 2019 and February 3, 2018 consisted of the following:



($000)	2018		2017
6.38% Series A Senior Notes due 2018	$	—	$	84,973
6.53% Series B Senior Notes due 2021	64,942		64,922
3.375% Senior Notes due 2024	247,498		247,072
Total long-term debt	$	312,440	$	396,967

Less: current portion	—		84,973
Total due beyond one year	$	312,440	$	311,994

Schedule of Maturities of Long-term Debt

The following table shows scheduled annual principal payments on Long-term debt:



($000)
2019	$	—
2020	$	—
2021	$	65,000
2022	$	—
2023	$	—
Thereafter	$	250,000

Interest Income and Interest Expense Disclosure

The table below shows the components of interest expense and income for fiscal 2018, 2017, and 2016:



($000)	2018			2017			2016
Interest expense on long-term debt	$	17,900		$	18,578		$	18,573
Other interest expense	1,004			979			1,022
Capitalized interest	(2,497		)	(710		)	(26		)
Interest income	(26,569		)	(11,171		)	(3,081		)
Interest (income) expense, net	$	(10,162	)	$	7,676		$	16,488

Future Minimum Annual Lease Payments

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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-Paragraph 1
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-Section 45
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Leases (Tables)

12 Months Ended

Feb. 02, 2019

Leases [Abstract]

The aggregate undiscounted future minimum annual lease payments under leases, including the ground lease related to the New York buying office, in effect at February 2, 2019 are as follows:



($000)	Total operating leases
2019	$	555,812
2020	580,712
2021	499,678
2022	424,695
2023	339,340
Thereafter	1,575,673
Total minimum lease payments	$	3,975,910

Taxes on Earnings (Tables)

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Abstract]

Schedule for Income Tax Provision

The provision for income taxes consisted of the following:



($000)	2018			2017			2016
Current
Federal	$	357,170		$	660,017		$	632,872
State	74,472			52,853			44,333
	431,642			712,870			677,205
Deferred
Federal	33,913			(40,468		)	(8,350		)
State	(2,136		)	5,565			(353		)
	31,777			(34,903		)	(8,703		)
Total	$	463,419		$	677,967		$	668,502

Provision for Taxes Effective Rate

The provision for taxes for financial reporting purposes is different from the tax provision computed by applying the statutory federal income tax rate. The differences are reconciled below:



	2018		2017		2016
Federal income taxes at the statutory rate	21	%	34	%	35	%
State income taxes (net of federal benefit) and other, net	3		2		2
Tax audit settlements	(1	)	—		—
Impact of the Tax Act on deferred taxes	—		(3	)	—
Total	23	%	33	%	37	%

Components of Deferred Income Taxes

The components of deferred taxes at February 2, 2019 and February 3, 2018 are as follows:



($000)	2018			2017
Deferred Tax Assets
Accrued liabilities	$	38,367		$	46,489
Deferred compensation	30,886			28,094
Stock-based compensation	36,118			34,986
Deferred rent	19,824			18,013
State taxes and credits	20,310			20,206
Employee benefits	18,845			15,242
Other	1,412			5,224
Gross Deferred Tax Assets	165,762			168,254
Less: Valuation allowance	(4,639		)	(4,659		)
Deferred Tax Assets	161,123			163,595

Deferred Tax Liabilities
Depreciation	(238,631		)	(217,332		)
Merchandise inventory	(25,686		)	(19,055		)
Supplies	(10,308		)	(9,529		)
Other	(10,806		)	(3,485		)
Deferred Tax Liabilities	(285,431		)	(249,401		)
Net Deferred Tax Liabilities	$	(124,308	)	$	(85,806	)

Unrecognized Tax Benefits

The changes in amounts of unrecognized tax benefits (gross of federal tax benefits and excluding interest and penalties) at fiscal 2018, 2017, and 2016 are as follows:



($000)	2018			2017			2016
Unrecognized tax benefits - beginning of year	$	98,666		$	81,122		$	75,372
Gross increases:
Tax positions in current period	14,722			26,837			12,394
Tax positions in prior period	1,843			—			2,897
Gross decreases:
Tax positions in prior periods	(40,600		)	(2,755		)	(3,231		)
Lapse of statutes of limitations	(8,584		)	(6,068		)	(6,310		)
Settlements	(260		)	(470		)	—
Unrecognized tax benefits - end of year	$	65,787		$	98,666		$	81,122

Stockholders' Equity (Tables)

12 Months Ended

Feb. 02, 2019

Stockholders' Equity Note [Abstract]

Schedule of Stock Repurchase Activity

The following table summarizes the Company’s stock repurchase activity in fiscal 2018, 2017, and 2016:



Fiscal Year	Shares repurchased (in millions)	Average repurchase price	Repurchased (in millions)
2018	12.5	$86.19	$1,075
2017	13.5	$64.87	$875
2016	11.6	$60.15	$700

Summary of Unvested Restricted Stock Activity

A summary of restricted stock and performance share award activity for fiscal 2018 is presented below:



	Number of shares (000)		Weighted average grant date fair value
Unvested at February 3, 2018	5,483		$51.19
Awarded	1,507		79.56
Released	(1,771	)	44.29
Forfeited	(89	)	59.87
Unvested at February 2, 2019	5,130		$62.50

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Feb. 02, 2019

Quarterly Financial Data [Abstract]

Schedule of Quarterly Financial Data

Summarized quarterly financial information for fiscal 2018 and 2017 is presented in the tables below.

Year ended February 2, 2019:



	Quarter Ended
($000, except per share data)	May 5, 2018			August 4, 2018			November 3, 2018			February 2, 2019
Sales	$	3,588,619		$	3,737,926		$	3,549,608		$	4,107,388

Cost of goods sold	2,522,219			2,666,983			2,547,331			2,989,744
Selling, general and administrative	524,423			554,581			561,577			575,969
Interest income, net	(503		)	(1,393		)	(2,953		)	(5,313		)
Total costs and expenses	3,046,139			3,220,171			3,105,955			3,560,400
Earnings before taxes	542,480			517,755			443,653			546,988
Provision for taxes on earnings	124,228			128,351			105,545			105,295
Net earnings	$	418,252		$	389,404		$	338,108		$	441,693


Earnings per share – basic¹	$	1.12		$	1.05		$	0.92		$	1.21		²
Earnings per share – diluted¹	$	1.11		$	1.04		$	0.91		$	1.20		²
Cash dividends declared per share
on common stock	$	0.225		$	0.225		$	0.225		$	0.225



¹	EPS is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding.
²	Includes a per share benefit of approximately $0.07 from the favorable resolution of a tax matter.

Year ended February 3, 2018:



	Quarter Ended
($000, except per share data)	April 29, 2017		July 29, 2017		October 28, 2017		February 3, 2018
Sales	$	3,306,429	$	3,431,603	$	3,328,894	$	4,067,806

Cost of goods sold	2,329,966		2,420,942		2,369,148		2,922,582
Selling, general and administrative	474,819		498,276		517,297		553,306
Interest expense, net	3,169		2,341		1,780		386
Total costs and expenses	2,807,954		2,921,559		2,888,225		3,476,274
Earnings before taxes	498,475		510,044		440,669		591,532
Provision for taxes on earnings	177,457		193,505		166,220		140,785
Net earnings	$	321,018	$	316,539	$	274,449	$	450,747


Earnings per share – basic¹	$	0.83	$	0.83	$	0.72	$	1.20	²
Earnings per share – diluted¹	$	0.82	$	0.82	$	0.72	$	1.19	²
Cash dividends declared per share
on common stock	$	0.160	$	0.160	$	0.160	$	0.160



¹	EPS is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding.
²	Includes a per share benefit of approximately $0.21 from tax reform legislation enacted in December 2017 and $0.10 from the 53rd week.

Summary of Significant Accounting Policies (Narrative) (Details)

12 Months Ended

Feb. 02, 2019

USD ($)

distribution_center

stores

segment

warehouse

state

store

office

Feb. 03, 2018

USD ($)

stores

Jan. 28, 2017

USD ($)

Feb. 03, 2019

USD ($)

Jan. 29, 2017

USD ($)

Summary Of Significant Accounting Policies [Line Items]

Number of reportable segments | segment

Purchase obligations

$ 2,600,000,000

Fair value of cash and cash equivalents considered as Level 1 inputs

$ 1,412,912,000

$ 1,290,294,000

$ 1,111,599,000

Packaway inventory, storage period, less than

6 months

Depreciation and amortization expense on property and equipment

$ 330,357,000

313,163,000

302,515,000

^[1]

Capitalized interest

2,497,000

710,000

26,000

Asset impairment charges

Lease loss liability

$ 200,000

$ 600,000

Closed stores during period | stores

Book cash overdrafts

$ 83,200,000

$ 74,500,000

Expected recovery of merchandise inventory

10,200,000

Refund due to customers

19,800,000

Allowance for sales return

9,900,000

8,400,000

Advertising costs

$ 79,900,000

$ 76,400,000

$ 73,000,000

Anti-dilutive weighted average shares excluded from EPS calculation (in shares) | shares

23,700

2,800

2,500

Accounting Standards Update 2016-02 | Retained earnings

Summary Of Significant Accounting Policies [Line Items]

Cumulative effect of adoption of accounting standard

$ 20,000,000

Accounting Standards Update 2016-09

Summary Of Significant Accounting Policies [Line Items]

Cumulative effect of adoption of accounting standard

$ (676,000)

Excess tax benefits related to stock-based compensation

$ 12,600,000

$ 16,300,000

Accounting Standards Update 2016-09 | Retained earnings

Summary Of Significant Accounting Policies [Line Items]

Cumulative effect of adoption of accounting standard

$ 1,113,000

Subsequent Event | Accounting Standards Update 2016-02

Summary Of Significant Accounting Policies [Line Items]

Operating lease liability

2,900,000,000

Right-of-use asset

$ 2,900,000,000

Property, Plant and Equipment

Summary Of Significant Accounting Policies [Line Items]

Property and equipment purchased but not yet paid

$ 33,700,000

$ 24,300,000

$ 25,700,000

Minimum | Equipment

Summary Of Significant Accounting Policies [Line Items]

Property and equipment estimated useful life, straight-line method

3 years

Minimum | Land Improvements and Buildings

Summary Of Significant Accounting Policies [Line Items]

Property and equipment estimated useful life, straight-line method

20 years

Minimum | Computer Software

Summary Of Significant Accounting Policies [Line Items]

Property and equipment estimated useful life, straight-line method

3 years

Maximum | Equipment

Summary Of Significant Accounting Policies [Line Items]

Property and equipment estimated useful life, straight-line method

12 years

Maximum | Land Improvements and Buildings

Summary Of Significant Accounting Policies [Line Items]

Property and equipment estimated useful life, straight-line method

40 years

Maximum | Computer Software

Summary Of Significant Accounting Policies [Line Items]

Property and equipment estimated useful life, straight-line method

7 years

Ross Dress For Less

Summary Of Significant Accounting Policies [Line Items]

Number of stores | stores

1,480

Number of states company operates in | state

dd's Discounts

Summary Of Significant Accounting Policies [Line Items]

Number of stores | store

237

Number of states company operates in | state

Ross and dd's DISCOUNTS stores

Summary Of Significant Accounting Policies [Line Items]

Number of distribution centers | distribution_center

California

Summary Of Significant Accounting Policies [Line Items]

Number of distribution centers | distribution_center

Number of buying offices | office

Number of warehouses | warehouse

Stores as percentage of total

23.00%

[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Summary of Significant Accounting Policies (Schedule of Restricted Cash Reconciliation) (Details) - USD ($)
$ in Thousands

Feb. 02, 2019

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

^[1]

Accounting Policies [Abstract]

Cash and cash equivalents

$ 1,412,912

$ 1,290,294

$ 1,111,599

Prepaid expenses and other

11,402

9,412

12,936

Other long-term assets

53,765

53,566

51,645

Total restricted cash and cash equivalents

65,167

62,978

64,581

Total cash, cash equivalents and restricted cash and equivalents

$ 1,478,079

$ 1,353,272

^[1]

$ 1,176,180

^[1]

$ 829,550

[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Summary of Significant Accounting Policies (Restricted Cash, Cash Equivalents, and Investments) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Accounting Policies [Abstract]
Prepaid expenses and other	$ 400	$ 2,435
Other long-term assets	0	403
Total restricted investments	$ 400	$ 2,838

Summary of Significant Accounting Policies (Schedule Of Other Long-Term Assets) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Accounting Policies [Abstract]
Deferred compensation	$ 124,558	$ 120,613
Restricted cash and investments	53,765	53,969
Other	16,023	13,136
Total	$ 194,346	$ 187,718

Summary of Significant Accounting Policies (Summary Of Insurance Obligations) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Accounting Policies [Abstract]
Workers’ compensation	$ 89,993	$ 94,430
General liability	42,877	40,763
Medical plans	6,515	6,725
Total	$ 139,385	$ 141,918

Summary of Significant Accounting Policies (Schedule Of Other Long-Term Liabilities) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Accounting Policies [Abstract]
Income taxes	$ 77,872	$ 120,660
Deferred compensation	124,558	120,613
Deferred rent	81,442	73,059
Tenant improvement allowances	25,418	21,668
Other	12,423	12,541
Total	$ 321,713	$ 348,541

Summary of Significant Accounting Policies (Schedule of Disaggregation of Revenue) (Details)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Disaggregation of Revenue [Line Items]
Revenue as percentage	100.00%	100.00%	100.00%
Ladies
Disaggregation of Revenue [Line Items]
Revenue as percentage	26.00%	27.00%	28.00%
Home Accents and Bed and Bath
Disaggregation of Revenue [Line Items]
Revenue as percentage	26.00%	26.00%	25.00%
Men’s
Disaggregation of Revenue [Line Items]
Revenue as percentage	14.00%	13.00%	13.00%
Accessories, Lingerie, Fine Jewelry, and Fragrances
Disaggregation of Revenue [Line Items]
Revenue as percentage	13.00%	13.00%	13.00%
Shoes
Disaggregation of Revenue [Line Items]
Revenue as percentage	13.00%	13.00%	13.00%
Childrens [Member]
Disaggregation of Revenue [Line Items]
Revenue as percentage	8.00%	8.00%	8.00%

Summary of Significant Accounting Policies (Schedule Of Basic And Diluted EPS) (Details) - $ / shares shares in Thousands	3 Months Ended								12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Accounting Policies [Abstract]
Basic (in shares)									369,533	381,174	392,124
Basic (in dollars per share)	$ 1.21	$ 0.92	$ 1.05	$ 1.12	$ 1.20	$ 0.72	$ 0.83	$ 0.83	$ 4.30	$ 3.58	$ 2.85
Effect of dilutive common stock equivalents (in shares)									3,145	3,155	2,834
Effect of dilutive common stock equivalents (in dollars per share)									$ (0.04)	$ (0.03)	$ (0.02)
Diluted (in shares)									372,678	384,329	394,958
Diluted (in dollars per share)	$ 1.20	$ 0.91	$ 1.04	$ 1.11	$ 1.19	$ 0.72	$ 0.82	$ 0.82	$ 4.26	$ 3.55	$ 2.83

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

Investments and Restricted Investments (Balance Sheet Items) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted cash and cash equivalents	$ 65,167	$ 62,978	$ 64,581
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents (Level 1)	1,412,912	1,290,294
Restricted cash and cash equivalents	65,167	62,978
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments (Level 2)	125	1,224
Restricted investments (Level 2)	$ 400	$ 2,838

Investments and Restricted Investments (Underlying Assets in Deferred Compensation Program) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Investment [Line Items]
Underlying assets in non-qualified deferred compensation program	$ 124,558	$ 120,613
Level 1
Investment [Line Items]
Underlying assets in non-qualified deferred compensation program	114,181	104,590
Level 2
Investment [Line Items]
Underlying assets in non-qualified deferred compensation program	$ 10,377	$ 16,023

Stock-Based Compensation (Recognized stock-based compensation expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 95,585	$ 87,417	$ 74,554
Restricted stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	48,585	44,356	38,234
Performance awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	43,450	39,871	33,379
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 3,550	$ 3,190	$ 2,941

Stock-Based Compensation (Narrative) (Details) $ in Millions	12 Months Ended
	Feb. 02, 2019 USD ($) plan	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount rate under the ESPP (in percentage)	15.00%
Tax benefit related to stock-based compensation \| $	$ 19.6	$ 29.5	$ 25.9
Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock-based compensation plans \| plan	1

Stock-Based Compensation (Total Stock-Based Compensation Recognized In The Consolidated Statements Of Earnings) (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 95,585	$ 87,417	$ 74,554
Cost of goods sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	45,052	41,067	34,077
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 50,533	$ 46,350	$ 40,477

Debt (Unsecured Senior Notes, Net of Unamortized Discounts and Issuance Costs) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Debt Instrument [Line Items]
Long-term Debt	$ 312,440	$ 396,967
Less: current portion	0	84,973
Total due beyond one year	312,440	311,994
6.38% Series A Senior Notes due 2018
Debt Instrument [Line Items]
Long-term Debt	0	84,973
6.53% Series B Senior Notes due 2021
Debt Instrument [Line Items]
Long-term Debt	64,942	64,922
3.375% Senior Notes due 2024
Debt Instrument [Line Items]
Long-term Debt	$ 247,498	$ 247,072

Debt (Stated Rates) (Details)	Feb. 02, 2019	Feb. 03, 2018
6.38% Series A Senior Notes due 2018 \| Senior Notes due 2018
Debt Instrument [Line Items]
Unsecured senior notes interest rate (in percentage)	6.38%	6.38%
6.53% Series B Senior Notes due 2021 \| Senior Notes due 2021
Debt Instrument [Line Items]
Unsecured senior notes interest rate (in percentage)	6.53%	6.53%
3.375% Senior Notes due 2024 \| Senior Notes due 2024
Debt Instrument [Line Items]
Unsecured senior notes interest rate (in percentage)	3.375%	3.375%

Debt (Narrative) (Details)		12 Months Ended
Debt (Narrative) (Details)	Dec. 13, 2018 USD ($)	Feb. 02, 2019 USD ($) note	Feb. 03, 2018 USD ($) note
Debt Instrument [Line Items]
Number of unsecured senior notes held \| note		2	3
Unamortized discount and debt issuance costs		$ 2,600,000	$ 3,000,000
Amount of borrowings outstanding		0
Collateral trust		58,300,000	57,100,000
Unsecured Series A and B Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount of unsecured senior notes		65,000,000
Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Current borrowing capacity		600,000,000
Sublimit for issuance of standby letters of credit		300,000,000
Maximum borrowing capacity for revolving credit facility (up to)		$ 200,000,000
Basis points margin over LIBOR		1.00%
Standby Letters of Credit
Debt Instrument [Line Items]
Letters of credit		$ 7,300,000	8,700,000
Trade Letters Of Credit
Debt Instrument [Line Items]
Letters of credit		$ 13,300,000	$ 20,700,000
Senior Notes due 2024 \| 3.375% Senior Notes due 2024
Debt Instrument [Line Items]
Unsecured senior notes interest rate (in percentage)		3.375%	3.375%
Aggregate principal amount of unsecured senior notes		$ 250,000,000
Senior Notes due 2018 \| 6.38% Series A Senior Notes due 2018
Debt Instrument [Line Items]
Unsecured senior notes interest rate (in percentage)		6.38%	6.38%
Extinguishment of debt	$ 85,000,000
Senior Notes due 2021 \| 6.53% Series B Senior Notes due 2021
Debt Instrument [Line Items]
Unsecured senior notes interest rate (in percentage)		6.53%	6.53%
Level 1
Debt Instrument [Line Items]
Unsecured senior notes estimated fair value		$ 316,000,000	$ 411,000,000

Debt (Schedule of Maturities of Long-term Debt) (Details) $ in Thousands	Feb. 02, 2019 USD ($)
Debt Disclosure [Abstract]
2019	$ 0
2020	0
2021	65,000
2022	0
2023	0
Thereafter	$ 250,000

Debt (Interest Expense/Income, Net) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Debt Disclosure [Abstract]
Interest expense on long-term debt									$ 17,900	$ 18,578	$ 18,573
Other interest expense									1,004	979	1,022
Capitalized interest									(2,497)	(710)	(26)
Interest income									(26,569)	(11,171)	(3,081)
Interest (income) expense, net	$ (5,313)	$ (2,953)	$ (1,393)	$ (503)	$ 386	$ 1,780	$ 2,341	$ 3,169	$ (10,162)	$ 7,676	$ 16,488

Leases (Narrative) (Details)
ft² in Thousands, $ in Thousands

12 Months Ended

Feb. 02, 2019

USD ($)

ft²

warehouse

stores

option

Feb. 03, 2018

USD ($)

Jan. 28, 2017

USD ($)

Nov. 30, 2017

USD ($)

Number of store sites owned | stores

Non-cancelable lease term

10 years

Renewal option term of leases

5 years

Proceeds from sale of property and equipment | $

$ 0

$ 15,981

$ 0

^[1]

Gain on sale of leaseback transaction | $

6,328

^[1]

Deferred gain on sale of leaseback transaction | $

$ 7,500

Operating leases, rent expense | $

$ 569,800

$ 532,400

$ 505,200

Los Angeles office

Facility, square foot area | ft²

103

Boston office

Facility, square foot area | ft²

Warehouse

Warehouse | Carlisle, Pennsylvania

Warehouse | Fort Mill, South Carolina

Warehouse | Rock Hill, South Carolina

Warehouse | Shafter, California

Minimum

Non-cancelable lease term

3 years

Number of options to renew store lease for five year period | option

Maximum

Non-cancelable lease term

10 years

Number of options to renew store lease for five year period | option

[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Lease (Future Minimum Annual Lease Payments) (Details) $ in Thousands	Feb. 02, 2019 USD ($)
Leases [Abstract]
2019	$ 555,812
2020	580,712
2021	499,678
2022	424,695
2023	339,340
Thereafter	1,575,673
Total minimum lease payments	$ 3,975,910

Taxes on Earnings (Provision For Income Taxes) (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Feb. 02, 2019

Nov. 03, 2018

Aug. 04, 2018

May 05, 2018

Feb. 03, 2018

Oct. 28, 2017

Jul. 29, 2017

Apr. 29, 2017

Feb. 02, 2019

Feb. 03, 2018

Jan. 28, 2017

Current

Federal

$ 357,170

$ 660,017

$ 632,872

State

74,472

52,853

44,333

Current income taxes

431,642

712,870

677,205

Deferred

Federal

33,913

(40,468)

(8,350)

State

(2,136)

5,565

(353)

Deferred income taxes

31,777

(34,903)

(8,703)

^[1]

Total

$ 105,295

$ 105,545

$ 128,351

$ 124,228

$ 140,785

$ 166,220

$ 193,505

$ 177,457

$ 463,419

$ 677,967

$ 668,502

[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Taxes on Earnings (Provision For Taxes Effective Rate) (Details)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Income Tax Disclosure [Abstract]
Federal income taxes at the statutory rate	21.00%	34.00%	35.00%
State income taxes (net of federal benefit) and other, net	3.00%	2.00%	2.00%
Tax audit settlements	(1.00%)	0.00%	0.00%
Impact of the Tax Act on deferred taxes	0.00%	(3.00%)	0.00%
Total	23.00%	33.00%	37.00%

Taxes on Earnings (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Feb. 02, 2019	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Nov. 30, 2018
Income Tax Contingency [Line Items]
Tax benefit recognized from tax settlement					$ 26,000
Blended tax rate		21.00%	34.00%	35.00%
Tax Cuts and Jobs Act of 2017, current income tax benefit			$ 24,900
Tax Cuts and Jobs Act of 2017, remeasurement of deferred tax assets and liabilities, income tax benefit			55,200
Tax Cuts and Jobs Act of 2017, provisional tax benefit			80,100
Realized tax benefits related to employee equity programs				$ 23,331
Valuation allowance for deferred tax asset	$ (4,639)	$ (4,639)	(4,659)
Reserves for unrecognized tax benefits	78,800	78,800	121,300	98,600
Interest related to the reserve for unrecognized tax benefits	13,000	13,000	22,600	$ 17,500
Unrecognized tax benefits reserve, decrease	52,400
Unrecognized tax benefits reserve, income tax penalties and interest expense	(12,600)
Impact of recognizing taxes and interest related to unrecognized tax benefits	62,700	62,700
Unrecognized tax benefits reduction resulting from lapse of applicable statute of limitations	9,100	$ 9,100
Internal Revenue Service \| Earliest
Income Tax Contingency [Line Items]
Open tax year		2015
Internal Revenue Service \| Latest
Income Tax Contingency [Line Items]
Open tax year		2018
State
Income Tax Contingency [Line Items]
Tax credit carryforward	$ 13,600	$ 13,600	14,700
State \| Earliest
Income Tax Contingency [Line Items]
Open tax year		2014
State \| Latest
Income Tax Contingency [Line Items]
Open tax year		2018
Accounting Standards Update 2016-09
Income Tax Contingency [Line Items]
Excess tax benefits related to stock-based compensation		$ 12,600	$ 16,300

Taxes on Earnings (Components Of Deferred Income Taxes) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Feb. 03, 2018
Deferred Tax Assets
Accrued liabilities	$ 38,367	$ 46,489
Deferred compensation	30,886	28,094
Stock-based compensation	36,118	34,986
Deferred rent	19,824	18,013
State taxes and credits	20,310	20,206
Employee benefits	18,845	15,242
Other	1,412	5,224
Gross Deferred Tax Assets	165,762	168,254
Less: Valuation allowance	(4,639)	(4,659)
Deferred Tax Assets	161,123	163,595
Deferred Tax Liabilities
Depreciation	(238,631)	(217,332)
Merchandise inventory	(25,686)	(19,055)
Supplies	(10,308)	(9,529)
Other	(10,806)	(3,485)
Deferred Tax Liabilities	(285,431)	(249,401)
Net Deferred Tax Liabilities	$ (124,308)	$ (85,806)

Taxes on Earnings (Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Unrecognized tax benefits - beginning of year	$ 98,666	$ 81,122	$ 75,372
Gross increases:
Tax positions in current period	14,722	26,837	12,394
Tax positions in prior period	1,843	0	2,897
Gross decreases:
Tax positions in prior periods	(40,600)	(2,755)	(3,231)
Lapse of statutes of limitations	(8,584)	(6,068)	(6,310)
Settlements	(260)	(470)	0
Unrecognized tax benefits - end of year	$ 65,787	$ 98,666	$ 81,122

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Defined Contribution Plan [Abstract]
Company match of employee salary (in percentage)	4.00%
Company contributions	$ 17,100	$ 15,400	$ 13,900
Underlying assets in non-qualified deferred compensation program	124,558	120,613
Liability to participants	124,558	120,613
Estimated liability for post-employment medical benefits	$ 6,700	$ 7,300

Stockholders' Equity (Common Stock) (Details) - USD ($) $ / shares in Units, shares in Millions	1 Months Ended		12 Months Ended
	Mar. 31, 2019	Feb. 28, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Mar. 31, 2018	Feb. 28, 2018
Class of Stock [Line Items]
Stock repurchased program period		2 years
Stock repurchase program, approved amount		$ 1,750,000,000
Stock repurchase program, authorized increase						$ 200,000,000
Stock repurchase program, remaining amount						$ 1,075,000,000	$ 875,000,000
Shares repurchased (in shares)			12.5	13.5	11.6
Average repurchase price (in dollars per share)			$ 86.19	$ 64.87	$ 60.15
Common stock repurchased, value			$ 1,075,000,000	$ 875,000,000	$ 700,000,000
Subsequent Event
Class of Stock [Line Items]
Stock repurchased program period	2 years
Stock repurchase program, approved amount	$ 2,550,000,000.00

Stockholders' Equity (Preferred Stock) (Details)	Feb. 02, 2019 $ / shares shares
Stockholders' Equity Note [Abstract]
Preferred stock, shares authorized (in shares)	4,000,000
Preferred stock, par value (in dollars per share) \| $ / shares	$ 0.01
Preferred stock, shares issued (in shares)	0
Preferred stock, shares outstanding (in shares)	0

Stockholders' Equity (Dividends) (Details) - $ / shares		3 Months Ended												12 Months Ended
Stockholders' Equity (Dividends) (Details) - $ / shares	Mar. 05, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Class of Stock [Line Items]
Cash dividends declared per share (in dollars per share)		$ 0.2250	$ 0.2250	$ 0.2250	$ 0.2250	$ 0.1600	$ 0.1600	$ 0.1600	$ 0.1600	$ 0.1350	$ 0.1350	$ 0.1350	$ 0.1350	$ 0.90	$ 0.64	$ 0.540
Subsequent Event
Class of Stock [Line Items]
Cash dividends declared per share (in dollars per share)	$ 0.2550

Stockholders' Equity Stockholders' Equity (2017 Equity Incentive Plan) (Details) - shares	May 17, 2017	Feb. 02, 2019	Feb. 03, 2018
2017 Equity Incentive Plan
Class of Stock [Line Items]
Initial share reserve (in shares)	12,000,000
Shares available for new restricted stock awards (in shares)		11,200,000
Options outstanding (in shares)			0
Options exercisable (in shares)			0
2008 and 2017 Equity Plan
Class of Stock [Line Items]
Share increase for equity plan (in shares)	5,500,000

Stockholders' Equity (Restricted Stock Activity) (Details) - Restricted stock shares in Thousands	12 Months Ended
	Feb. 02, 2019 $ / shares shares
Number of shares
Unvested at beginning of period (in shares) \| shares	5,483
Awarded (in shares) \| shares	1,507
Released (in shares) \| shares	(1,771)
Forfeited (in shares) \| shares	(89)
Unvested at end of period (in shares) \| shares	5,130
Weighted average grant date fair value
Unvested at beginning of period, Weighted average grant date fair value (in dollars per share) \| $ / shares	$ 51.19
Awarded, Weighted average grant date fair value (in dollars per share) \| $ / shares	79.56
Released, Weighted average grant date fair value (in dollars per share) \| $ / shares	44.29
Forfeited, Weighted average grant date fair value (in dollars per share) \| $ / shares	59.87
Unvested at end of period, Weighted average grant date fair value (in dollars per share) \| $ / shares	$ 62.50

Stockholders' Equity (Restricted Stock Activity, Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized compensation expense	$ 138.1	$ 114.0
Weighted average remaining period of unrecognized compensation expense	1 year 9 months 18 days
Intrinsic value per share, end of period (in dollars per share)	$ 91.73
Intrinsic value, end of period	$ 470.6
Treasury stock shares acquired (in shares)	0.7	0.7	0.7
Treasury stock, number of shares held (in shares)	13.2	12.5
Restricted stock \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting period	3 years
Restricted stock \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting period	5 years
2017 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for new restricted stock awards (in shares)	11.2
2017 Equity Incentive Plan \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for new restricted stock awards (in shares)	11.2
2008 Equity Incentive Plan \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for new restricted stock awards (in shares)		11.9	12.1

Stockholders' Equity (Performance Share Awards) (Details) - Performance Shares - shares	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock issued in settlement of performance share awards (in shares)	556,000	655,000	682,000
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Stockholders' Equity (Employee Stock Purchase Plan) (Details) - USD ($) $ / shares in Units, shares in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Stockholders' Equity Note [Abstract]
Plan participant's annual percentage ceiling for ESPP (in percentage)	10.00%
Plan participant's annual dollar amount ceiling for ESPP	$ 25,000
Purchase price for shares under ESPP (in percentage)	85.00%
Discount rate under the ESPP (in percentage)	15.00%
Shares purchased by employees (in shares)	0.3	0.3	0.3
Shares purchased by employees, average price per share (in dollars per share)	$ 72.89	$ 56.42	$ 51.86
Shares issued under plan during period (in shares)	40.0
Shares remaining for future issuance (in shares)	5.0

Related Party Transactions (Details) - USD ($)	12 Months Ended
Related Party Transactions (Details) - USD ($)	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Chairman Emeritus of the Board of Directors \| Consulting Agreement
Related Party Transaction [Line Items]
Related party transaction amount	$ 1,900,000	$ 1,600,000	$ 1,500,000
Chairman Emeritus of the Board of Directors, administrative support, health, other benefits	400,000	400,000	400,000
Chairman Emeritus of the Board of Directors, life insurance death benefit	2,000,000
Chairman Emeritus of the Board of Directors, consulting fee	1,900,000
Chairman Emeritus of the Board of Directors, severance pay	$ 75,000
Chairman Emeritus of the Board of Directors, severance term	10 years
Immediate Family Member of Management or Principal Owner \| Buyer
Related Party Transaction [Line Items]
Son of Chairman Emeritus of the Board of Directors, compensation expense	$ 180,000	$ 159,000	$ 148,000

Quarterly Financial Data (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

12 Months Ended

Feb. 03, 2018

Feb. 02, 2019

Nov. 03, 2018

Aug. 04, 2018

May 05, 2018

Feb. 03, 2018

Oct. 28, 2017

Jul. 29, 2017

Apr. 29, 2017

Jan. 28, 2017

Oct. 29, 2016

Jul. 30, 2016

Apr. 30, 2016

Feb. 02, 2019

Feb. 03, 2018

Jan. 28, 2017

Quarterly Financial Data [Abstract]

Sales

$ 4,107,388

$ 3,549,608

$ 3,737,926

$ 3,588,619

$ 4,067,806

$ 3,328,894

$ 3,431,603

$ 3,306,429

$ 14,983,541

$ 14,134,732

$ 12,866,757

Cost of goods sold

2,989,744

2,547,331

2,666,983

2,522,219

2,922,582

2,369,148

2,420,942

2,329,966

10,726,277

10,042,638

9,173,705

Selling, general and administrative

575,969

561,577

554,581

524,423

553,306

517,297

498,276

474,819

2,216,550

2,043,698

1,890,408

Interest expense, net

(5,313)

(2,953)

(1,393)

(503)

386

1,780

2,341

3,169

(10,162)

7,676

16,488

Total costs and expenses

3,560,400

3,105,955

3,220,171

3,046,139

3,476,274

2,888,225

2,921,559

2,807,954

12,932,665

12,094,012

11,080,601

Earnings before taxes

546,988

443,653

517,755

542,480

591,532

440,669

510,044

498,475

2,050,876

2,040,720

1,786,156

Provision for taxes on earnings

105,295

105,545

128,351

124,228

140,785

166,220

193,505

177,457

463,419

677,967

668,502