CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Comprehensive Income) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Oct. 31, 2020 |
Nov. 02, 2019 |
Oct. 31, 2020 |
Nov. 02, 2019 |
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| Supplemental Condensed Consolidating Statement of Comprehensive Income | ||||
| Net sales | $ 1,406,212 | $ 1,222,021 | $ 3,354,270 | $ 3,349,430 |
| Cost of sales and occupancy expense | 824,496 | 780,387 | 2,208,220 | 2,123,171 |
| Gross profit | 581,716 | 441,634 | 1,146,050 | 1,226,259 |
| Selling, general and administrative | 373,193 | 322,807 | 943,587 | 933,478 |
| Restructure and impairment charges | 9,388 | 41,376 | 9,388 | 48,332 |
| Store pre-opening costs | 184 | 1,402 | 1,528 | 4,370 |
| Operating income | 198,951 | 76,049 | 191,547 | 240,079 |
| Losses on early extinguishments of debt and refinancing costs | 22,044 | 161 | 22,044 | 1,316 |
| Income before income taxes | 139,406 | 37,029 | 58,696 | 119,558 |
| Income taxes | 28,284 | 8,324 | 18,836 | 28,615 |
| Net income | 111,122 | 28,705 | 39,860 | 90,943 |
| Other comprehensive income, net of tax: | ||||
| Foreign currency and cash flow hedges | 3,910 | 1,230 | (1,466) | (8,358) |
| Comprehensive income | 115,032 | 29,935 | 38,394 | 82,585 |
| Michaels Stores [Member] | ||||
| Supplemental Condensed Consolidating Statement of Comprehensive Income | ||||
| Net sales | 1,406,212 | 1,222,021 | 3,354,270 | 3,349,430 |
| Cost of sales and occupancy expense | 824,496 | 780,387 | 2,208,220 | 2,123,171 |
| Gross profit | 581,716 | 441,634 | 1,146,050 | 1,226,259 |
| Selling, general and administrative | 372,167 | 322,563 | 942,075 | 932,777 |
| Restructure and impairment charges | 9,388 | 41,376 | 9,388 | 48,332 |
| Store pre-opening costs | 184 | 1,402 | 1,528 | 4,370 |
| Operating income | 199,977 | 76,293 | 193,059 | 240,780 |
| Interest and other expense, net | 37,502 | 38,863 | 110,810 | 119,218 |
| Losses on early extinguishments of debt and refinancing costs | 22,044 | 161 | 22,044 | 1,316 |
| Income before income taxes | 140,431 | 37,269 | 60,205 | 120,246 |
| Income taxes | 28,530 | 8,381 | 19,198 | 28,780 |
| Net income | 111,901 | 28,888 | 41,007 | 91,466 |
| Other comprehensive income, net of tax: | ||||
| Foreign currency and cash flow hedges | 3,910 | 1,230 | (1,466) | (8,358) |
| Comprehensive income | $ 115,811 | $ 30,118 | $ 39,541 | $ 83,108 |
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense and other expense. No definition available.
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- Definition Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature and from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss), attributable to parent entity. No definition available.
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- Definition Restructure and impairment charges. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- References No definition available.
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- Definition Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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