0001495320-23-000037 | 10-Q | XBRL Viewer

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Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of property, plant and equipment		0.6 million
Creative Genius, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of goodwill and intangible assets	$ 0.0	$ 0.0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of intangible assets, finite-lived	$ 0.0

Stock-Based Compensation

3 Months Ended

Apr. 29, 2023

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock-Based CompensationThe Company recognizes stock-based compensation expense, for its awards of restricted stock units, in an amount equal to the fair market value of the underlying stock on the grant date of the respective award.

The Company reserved 3,000,000 shares of common stock for issuance or transfer under the 2020 Equity and Incentive Plan, which allows for grants of restricted stock units, as well as other equity awards. The Company maintains the 2010 Equity and Incentive Plan for awards granted prior to the effectiveness of the 2020 Equity and Incentive Plan.

At the Company's annual meeting on May 25, 2023, subsequent to the end of the first quarter, the Company's shareholders approved an amendment to the 2020 Equity and Incentive Plan to add an additional 3,000,000 shares of common stock to the plan.

Awards of Restricted Stock Units

During the thirteen weeks ended April 29, 2023, the Company granted 542,570 time-based and performance-based restricted stock units with an aggregate fair value of $3.2 million to certain employees and non-employee directors under the 2020 Equity and Incentive Plan compared to 841,369 time-based and performance-based restricted stock units with an aggregate fair value of $6.3 million in the same period of the prior year. On May 8, 2023, subsequent to the end of the first quarter, the Company granted 168,854 time-based and performance-based restricted stock units with an aggregate fair value of $0.9 million to Michael Schwindle, Chief Financial Officer of Vera Bradley, Inc.

The majority of the time-based restricted stock units vest and settle in shares of the Company’s common stock, on a one-for-one basis, in equal installments on each of the first three anniversaries of the grant date. Restricted stock units issued to non-employee directors vest after a one-year period from the grant date. The Company recognizes the expense relating to these units, net of estimated forfeitures, on a straight-line basis over the vesting period.

Performance-based restricted stock units vest upon the completion of a three-year period of time (cliff vesting), subject to the employee’s continuing employment throughout and the Company’s achievement of annual earnings per share targets, or other Company performance targets, during the three-year performance period. The Company recognizes the expense relating to these units, net of estimated forfeitures, based on the probable outcome of achievement of the financial targets, on a straight-line basis over three years.

The following table sets forth a summary of restricted stock unit activity for the thirteen weeks ended April 29, 2023 (units in thousands):


	Time-based Restricted Stock Units			Performance-based Restricted Stock Units
	Number of Units	Weighted- Average Grant Date Fair Value (per unit)		Number of Units	Weighted- Average Grant Date Fair Value (per unit)
Nonvested units outstanding at January 28, 2023	965	$	5.74	523	$	4.71
Granted	321	5.99		222	5.99
Vested	(396)	6.93		(94)	4.08
Forfeited	(40)	6.82		(40)	6.82
Nonvested units outstanding at April 29, 2023	850	$	5.23	611	$	5.14

As of April 29, 2023, there was $5.2 million of total unrecognized compensation cost, net of estimated forfeitures, related to nonvested restricted stock units. That cost is expected to be recognized over a weighted-average period of 2.4 years, subject to meeting performance conditions.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Revenue from Contracts with Customers

3 Months Ended

Apr. 29, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Disaggregation of Revenue

The following presents the Company's net revenues disaggregated by product category for the thirteen weeks ended April 29, 2023 and April 30, 2022 (in thousands):


	Thirteen Weeks Ended
	April 29, 2023
	VB Direct Segment			VB Indirect Segment			Pura Vida Segment			Total
Product categories
Bags	$	22,901		$	8,328		$	61		$	31,290
Travel	15,406			3,179			—			18,585
Accessories	10,494			1,958			19,011			31,463
Home	5,928			588			—			6,516
Apparel/Footwear	2,947			461			290			3,698
Other	1,229		(1)	859		(2)	722		(3)	2,810
Total net revenues	$	58,905	(4)	$	15,373	(5)	$	20,084	(4)	$	94,362

(1) Primarily includes net revenues from stationery, freight, and gift card breakage.
(2) Primarily includes net revenues from licensing agreements and freight.
(3) Related to freight.
(4) Net revenues were related to product sales recognized at a point in time.
(5) $14.7 million of net revenues related to product sales recognized at a point in time and $0.7 million of net revenues related to sales-based royalties recognized over time.


	Thirteen Weeks Ended
	April 30, 2022
	VB Direct Segment			VB Indirect Segment			Pura Vida Segment			Total
Product categories
Bags	$	26,132		$	9,451		$	63		$	35,646
Travel	15,088			3,073			—			18,161
Accessories	11,499			1,768			18,860			32,127
Home	5,722			1,126			—			6,848
Apparel/Footwear(6)	1,903			500			436			2,839
Other	1,292		(1)	1,059		(2)	487		(3)	2,838
Total net revenues	$	61,636	(4)	$	16,977	(5)	$	19,846	(4)	$	98,459

(1) Primarily includes net revenues from stationery, freight, and gift card breakage.
(2) Primarily includes net revenues from licensing agreements and freight.
(3) Related to freight.
(4) Net revenues were related to product sales recognized at a point in time.
(5) $16.2 million of net revenues related to product sales recognized at a point in time and $0.8 million of net revenues related to sales-based royalties recognized over time.
(6) Includes mask sales.

Contract Balances

Contract liabilities as of April 29, 2023 and January 28, 2023, were $2.9 million and $3.2 million, respectively. The balance as of April 29, 2023 and January 28, 2023 consisted of unredeemed gift cards, unearned revenue related to the monthly bracelet and jewelry clubs of the Pura Vida segment, Pura Vida loyalty club points, and Pura Vida customer deposits and payments collected before shipment. These contract liabilities are recognized within other accrued liabilities on the Company’s Condensed Consolidated Balance Sheets. Substantially all contract liabilities are recognized within one year. The Company did not have contract assets as of April 29, 2023 and January 28, 2023.

The balance for accounts receivable from contracts with customers, net of allowances, as of April 29, 2023 and January 28, 2023, was $18.8 million and $20.7 million, respectively, which is recognized within accounts receivable, net, on the Company’s Condensed Consolidated Balance Sheets. The provision for doubtful accounts was $0.8 million as of April 29, 2023 and January 28, 2023. The provision for doubtful accounts is based upon the likelihood of default expected during the life of the receivable.

Performance Obligations

The performance obligations for the VB Direct, VB Indirect, and Pura Vida segments include the promise to transfer distinct goods (or a bundle of distinct goods). The VB Indirect segment also includes the right to access intellectual property (“IP”) related to the Vera Bradley brand.

Remaining Performance Obligations

The Company does not have remaining performance obligations in excess of one year or contracts that it does not have the right to invoice as of April 29, 2023.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Cost Saving Initiatives and Other Charges

3 Months Ended

Apr. 29, 2023

Restructuring and Related Activities [Abstract]

Cost Saving Initiatives and Other Charges

Cost Savings Initiatives and Other Charges

Cost Savings Initiatives and Severance Charges

During fiscal 2023, the Company began implementation of its targeted cost reductions, which are expected to be fully realized in fiscal 2025. Expense savings are being derived across various areas of the Company, including retail store efficiencies, marketing expenses, information technology contracts, professional services, logistics and operational costs, and corporate payroll.

The Company has incurred the following charges during the thirteen weeks ended April 29, 2023 (in thousands):


	Reportable Segment
	VB Direct		VB Indirect		Pura Vida		Unallocated Corporate Expenses		Total Expense
Severance charges (1)	$	342	$	—	$	—	$	1,647	$	1,989
Consulting fees and other costs (2)	—		—		—		105		105
Total (3)	$	342	$	—	$	—	$	1,752	$	2,094

(1) Includes former CFO severance
(2) Related to professional fees
(3) Recorded within selling, general, and administrative ("SG&A") expenses

A summary of charges and related liabilities associated with the cost savings initiatives and severance charges are as follows (in thousands):


	Severance Charges and Cash Retention Payment Acceleration Charges (1)		Consulting Fees and Other Costs
Liability as of January 28, 2023	$	3,083	$	60
Fiscal 2024 charges	1,989		105
Cash payments	(2,913)		(165)

Liability as of April 29, 2023	$	2,159	$	—

(1) Remaining liability is recorded within accrued employment costs

During the thirteen weeks ended April 30, 2022, the Company incurred $0.2 million for consulting costs associated with cost savings initiatives recognized within SG&A and corporate unallocated expenses.

Earnings Per Share - Narrative (Details)	Jan. 30, 2023	Jul. 16, 2019
Creative Genius, Inc.
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Ownership percentage by noncontrolling owners	25.00%	25.00%

Description of the Company and Basis of Presentation	3 Months Ended
Description of the Company and Basis of Presentation	Apr. 29, 2023
Accounting Policies [Abstract]
Description of the Company and Basis of Presentation	Description of the Company and Basis of Presentation The term “Company” refers to Vera Bradley, Inc. and its wholly and majority owned subsidiaries, except where the context requires otherwise or where otherwise indicated. Vera Bradley, Inc. operates two unique lifestyle brands – Vera Bradley and Pura Vida. We believe Vera Bradley and Pura Vida are complementary businesses, both with devoted, emotionally-connected, and multi-generational female customer bases; alignment as causal, comfortable, affordable, and fun brands; positioning as “gifting” and socially-connected brands; strong, entrepreneurial cultures; a keen focus on community, charity, and social consciousness; multi-channel distribution strategies; and talented leadership teams aligned and committed to the long-term success of their brands. Vera Bradley is a leading designer of women’s handbags, luggage and travel items, fashion and home accessories, and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the brand’s innovative designs, iconic patterns, and brilliant colors continue to inspire and connect women. In July 2019, Vera Bradley, Inc. acquired a 75% interest in Creative Genius, Inc., which also operates under the name Pura Vida Bracelets (“Pura Vida”). On January 30, 2023, the Company purchased the remaining 25% interest in Pura Vida. Pura Vida, based in La Jolla, California, is a digitally native lifestyle brand that we believe deeply resonates with its loyal consumer following. The Pura Vida brand has a differentiated and expanding offering of bracelets, jewelry, and other lifestyle accessories. The Company has three reportable segments: Vera Bradley Direct (“VB Direct”), Vera Bradley Indirect (“VB Indirect”), and Pura Vida. •The VB Direct business consists of sales of Vera Bradley products through Vera Bradley full-line and factory outlet stores in the United States; verabradley.com and verabradley.ca; the Vera Bradley online outlet site; and typically the Vera Bradley annual outlet sale in Fort Wayne, Indiana. As of April 29, 2023, the Company operated 48 full-line stores and 80 factory outlet stores. In light of the COVID-19 pandemic, the Company cancelled its calendar year 2022 annual outlet sale. The sale will resume in June 2023. •The VB Indirect business consists of sales of Vera Bradley products to approximately 1,700 specialty retail locations, substantially all of which are located in the United States, as well as department stores, national accounts, third-party e-commerce sites, third-party inventory liquidators, and royalties recognized through licensing agreements related to the Vera Bradley brand. •The Pura Vida segment represents revenues generated through the Pura Vida websites, www.puravidabracelets.com, www.puravidabracelets.eu, and www.puravidabracelets.ca; through the distribution of Pura Vida-branded products to wholesale retailers, substantially all of which are located in the United States; and through its five retail stores. The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as permitted by such rules and regulations. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 28, 2023, filed with the SEC. The interim financial statements reflect all adjustments that are, in the opinion of management, necessary to present fairly the results for the interim periods presented. All such adjustments are of a normal, recurring nature. The results of operations for the thirteen weeks ended April 29, 2023, are not necessarily indicative of the results to be expected for the full fiscal year due to, in part, the uncertainty of macroeconomic factors on future periods, including inflation and supply chain challenges, among other related matters. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, including Pura Vida. The Company has eliminated intercompany balances and transactions in consolidation. In the prior year, Pura Vida was a majority owned subsidiary and was included in the consolidated financial statements of the Company. Refer to Notes 4 and 12 herein for additional information. Fiscal Periods The Company’s fiscal year ends on the Saturday closest to January 31. References to the fiscal quarters ended April 29, 2023 and April 30, 2022 refer to the thirteen week periods ended on those dates. Recently Issued Accounting Pronouncements There were no new accounting pronouncements issued or which became effective during the thirteen weeks ended April 29, 2023, which had, or are expected to have, a significant impact on the Company's Consolidated Financial Statements.

Income Taxes - Additional Information (Details)	3 Months Ended
Income Taxes - Additional Information (Details)	Apr. 29, 2023	Apr. 30, 2022	Jan. 30, 2023
Income Tax Contingency [Line Items]
Effective income tax rate	27.10%	18.90%
Pura Vida
Income Tax Contingency [Line Items]
Percentage of business acquired			25.00%

Fair Value of Financial Instruments

3 Months Ended

Apr. 29, 2023

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date:

•Level 1 – Quoted prices in active markets for identical assets or liabilities;

•Level 2 – Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly;

•Level 3 – Unobservable inputs based on the Company’s own assumptions.

The classification of fair value measurements within the hierarchy is based upon the lowest level of input that is significant to the measurement.

The carrying amounts reflected on the Condensed Consolidated Balance Sheets for cash and cash equivalents, accounts receivable, other current assets, and accounts payable as of April 29, 2023 and January 28, 2023, approximated their fair values.

The following table details the fair value measurements of the Company's investments as of April 29, 2023 and January 28, 2023 (in thousands):


	Level 1				Level 2				Level 3
	April 29, 2023		January 28, 2023		April 29, 2023		January 28, 2023		April 29, 2023		January 28, 2023
Cash equivalents(1)	$	363	$	360	$	—	$	—	$	—	$	—














(1) Cash equivalents primarily represent a money market fund that has a maturity of three months or less at the date of purchase. Due to the short maturity, the Company believes the carrying value approximates fair value.

The Company assesses potential impairments to its long-lived assets, which includes property, plant, and equipment and lease right-of-use assets, on a quarterly basis or whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. Store-level assets and right-of-use assets are grouped at the individual store-level for the purpose of the impairment assessment. Recoverability of an asset group is measured by a comparison of the carrying amount of an asset group to its estimated undiscounted future cash flows expected to be generated by the asset group. If the carrying amount of the asset group exceeds its estimated undiscounted future cash flows, an impairment charge is recognized as the amount by which the carrying amount of the asset group exceeds the fair value of the asset group. The fair value of the store assets is determined using the discounted future cash flow method of anticipated cash flows through the store’s lease-end date using fair value measurement inputs classified as Level 3. The fair value of right-of-use assets is estimated using market comparative information for similar properties. Level 3 inputs are derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. There were no long-lived asset impairment charges for the thirteen weeks ended April 29, 2023. The Company recorded a lease right-of-use asset impairment charge of $0.6 million during the thirteen weeks ended April 30, 2022.

The discounted cash flow models used to estimate the applicable fair values involve numerous estimates and assumptions that are highly subjective. Changes to these estimates and assumptions could materially impact the fair value estimates. The estimates and assumptions critical to the overall fair value estimates include: (1) estimated future cash flow generated at the store level; (2) discount rates used to derive the present value factors used in determining the fair values; and (3) market rentals at the retail store. These and other estimates and assumptions are impacted by economic conditions and our expectations and may change in the future based on period-specific facts and circumstances. If economic conditions were to deteriorate, future impairment charges may be required which may be material.

On a nonrecurring basis, assets recognized or disclosed at fair value on the consolidated financial statements include items such as property, plant, and equipment, including leasehold improvements, and operating lease assets, as well as assets related to the Pura Vida acquisition including goodwill (in the prior year) and intangible assets. These assets are measured at fair value if determined to be impaired. There were no goodwill or intangible asset impairment charges recorded during the thirteen weeks ended April 29, 2023 or April 30, 2022.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Stock-Based Compensation - Summary of Restricted-Stock Awards and Restricted-Stock Units (Details) shares in Thousands	3 Months Ended
	Apr. 29, 2023 $ / shares shares
Time-based Restricted Stock Units
Number of Units
Nonvested units outstanding, beginning balance (in shares) \| shares	965
Granted (in shares) \| shares	321
Vested (in shares) \| shares	(396)
Forfeited (in shares) \| shares	(40)
Nonvested units outstanding, ending balance (in shares) \| shares	850
Weighted- Average Grant Date Fair Value (per unit)
Nonvested units outstanding, beginning balance (in dollars per share) \| $ / shares	$ 5.74
Granted (in dollars per share) \| $ / shares	5.99
Vested (in dollars per share) \| $ / shares	6.93
Forfeited (in dollars per share) \| $ / shares	6.82
Nonvested units outstanding, ending balance (in dollars per share) \| $ / shares	$ 5.23
Performance-based Restricted Stock Units
Number of Units
Nonvested units outstanding, beginning balance (in shares) \| shares	523
Granted (in shares) \| shares	222
Vested (in shares) \| shares	(94)
Forfeited (in shares) \| shares	(40)
Nonvested units outstanding, ending balance (in shares) \| shares	611
Weighted- Average Grant Date Fair Value (per unit)
Nonvested units outstanding, beginning balance (in dollars per share) \| $ / shares	$ 4.71
Granted (in dollars per share) \| $ / shares	5.99
Vested (in dollars per share) \| $ / shares	4.08
Forfeited (in dollars per share) \| $ / shares	6.82
Nonvested units outstanding, ending balance (in dollars per share) \| $ / shares	$ 5.14

Condensed Consolidated Statements of Shareholders’ Equity - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Common stock (shares) outstanding, balance at the beginning of the period at Jan. 29, 2022		33,170,430
Treasury stock (shares), balance at the beginning of the period at Jan. 29, 2022			9,258,741
Balance at the beginning of the period at Jan. 29, 2022	$ 327,440		$ (114,802)	$ 107,907	$ 334,364	$ (29)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vera Bradley, Inc.	(6,974)				(6,974)
Translation adjustments	(31)					(31)
Restricted shares vested, net of repurchase for taxes (in shares)		404,469
Restricted shares vested, net of repurchase for taxes	(1,410)			(1,410)
Stock-based compensation	543			543
Treasury stock purchased (in shares)		1,423,096	(1,423,096)
Treasury stock purchased	(10,454)		$ (10,454)
Common stock (shares) outstanding, balance at the end of the period at Apr. 30, 2022		32,151,803
Treasury stock (shares), balance at the end of the period at Apr. 30, 2022			10,681,837
Balance at the end of the period at Apr. 30, 2022	$ 309,114		$ (125,256)	107,040	327,390	(60)
Common stock (shares) outstanding, balance at the beginning of the period at Jan. 28, 2023	30,766,000	30,766,024
Treasury stock (shares), balance at the beginning of the period at Jan. 28, 2023			12,079,690
Balance at the beginning of the period at Jan. 28, 2023	$ 251,378		$ (132,864)	109,718	274,629	(105)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vera Bradley, Inc.	(4,679)				(4,679)
Translation adjustments	(10)					(10)
Restricted shares vested, net of repurchase for taxes (in shares)		330,500
Restricted shares vested, net of repurchase for taxes	(942)			(942)
Purchase of noncontrolling interest equity adjustment	1,286			1,286
Stock-based compensation	691			691
Treasury stock purchased (in shares)		(128,100)	(128,100)
Treasury stock purchased	$ (732)		$ (732)
Common stock (shares) outstanding, balance at the end of the period at Apr. 29, 2023	30,968,000	30,968,424
Treasury stock (shares), balance at the end of the period at Apr. 29, 2023	12,207,790		12,207,790
Balance at the end of the period at Apr. 29, 2023	$ 246,992		$ (133,596)	$ 110,753	$ 269,950	$ (115)

Leases - Total lease cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Leases [Abstract]
Operating lease cost	$ 6,565	$ 6,250
Variable lease cost	1,356	1,418
Short-term lease cost	122	214
Less: Sublease income	(105)	0
Total net lease cost	$ 7,938	$ 7,882

Earnings Per Share (Tables)

3 Months Ended

Apr. 29, 2023

Earnings Per Share [Abstract]

Components of Basic and Diluted Net Income Per Share

The components of basic and diluted earnings per share were as follows (in thousands, except per share data):


	Thirteen Weeks Ended
	April 29, 2023		April 30, 2022
Numerator:
Net loss	$	(4,679)	$	(6,710)
Less: Net income attributable to redeemable noncontrolling interest	—		264
Net loss attributable to Vera Bradley, Inc.	$	(4,679)	$	(6,974)



Denominator:
Weighted-average number of common shares (basic)	30,794		32,672
Dilutive effect of stock-based awards	—		—
Weighted-average number of common shares (diluted)	30,794		32,672

Net loss per share available to Vera Bradley, Inc. common shareholders:
Basic	$	(0.15)	$	(0.21)
Diluted	$	(0.15)	$	(0.21)

Revenue from Contracts with Customers (Tables)

3 Months Ended

Apr. 29, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following presents the Company's net revenues disaggregated by product category for the thirteen weeks ended April 29, 2023 and April 30, 2022 (in thousands):


	Thirteen Weeks Ended
	April 29, 2023
	VB Direct Segment			VB Indirect Segment			Pura Vida Segment			Total
Product categories
Bags	$	22,901		$	8,328		$	61		$	31,290
Travel	15,406			3,179			—			18,585
Accessories	10,494			1,958			19,011			31,463
Home	5,928			588			—			6,516
Apparel/Footwear	2,947			461			290			3,698
Other	1,229		(1)	859		(2)	722		(3)	2,810
Total net revenues	$	58,905	(4)	$	15,373	(5)	$	20,084	(4)	$	94,362

(1) Primarily includes net revenues from stationery, freight, and gift card breakage.
(2) Primarily includes net revenues from licensing agreements and freight.
(3) Related to freight.
(4) Net revenues were related to product sales recognized at a point in time.
(5) $14.7 million of net revenues related to product sales recognized at a point in time and $0.7 million of net revenues related to sales-based royalties recognized over time.


	Thirteen Weeks Ended
	April 30, 2022
	VB Direct Segment			VB Indirect Segment			Pura Vida Segment			Total
Product categories
Bags	$	26,132		$	9,451		$	63		$	35,646
Travel	15,088			3,073			—			18,161
Accessories	11,499			1,768			18,860			32,127
Home	5,722			1,126			—			6,848
Apparel/Footwear(6)	1,903			500			436			2,839
Other	1,292		(1)	1,059		(2)	487		(3)	2,838
Total net revenues	$	61,636	(4)	$	16,977	(5)	$	19,846	(4)	$	98,459

(1) Primarily includes net revenues from stationery, freight, and gift card breakage.
(2) Primarily includes net revenues from licensing agreements and freight.
(3) Related to freight.
(4) Net revenues were related to product sales recognized at a point in time.
(5) $16.2 million of net revenues related to product sales recognized at a point in time and $0.8 million of net revenues related to sales-based royalties recognized over time.
(6) Includes mask sales.

Revenue from Contracts with Customers Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 94,362	$ 98,459
Direct [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	58,905	61,636
Indirect [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	15,373	16,977
Pura Vida
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	20,084	19,846
Bags
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	31,290	35,646
Bags \| Direct [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	22,901	26,132
Bags \| Indirect [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	8,328	9,451
Bags \| Pura Vida
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	61	63
Travel
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	18,585	18,161
Travel \| Direct [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	15,406	15,088
Travel \| Indirect [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	3,179	3,073
Travel \| Pura Vida
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Accessories
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	31,463	32,127
Accessories \| Direct [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	10,494	11,499
Accessories \| Indirect [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,958	1,768
Accessories \| Pura Vida
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	19,011	18,860
Home
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	6,516	6,848
Home \| Direct [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	5,928	5,722
Home \| Indirect [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	588	1,126
Home \| Pura Vida
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Apparel/Footwear
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	3,698	2,839
Apparel/Footwear \| Direct [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,947	1,903
Apparel/Footwear \| Indirect [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	461	500
Apparel/Footwear \| Pura Vida
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	290	436
Other
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,810	2,838
Other \| Direct [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,229	1,292
Other \| Indirect [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	859	1,059
Other \| Pura Vida
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	722	487
Transferred At Point In Time \| Indirect [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	14,700	16,200
Transferred Over Time \| Indirect [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 700	$ 800

Common Stock	3 Months Ended
Common Stock	Apr. 29, 2023
Equity [Abstract]
Common Stock	Common Stock In December 2021, the Company's board of directors approved a share repurchase plan (the “2021 Share Repurchase Program”) which authorized Company management to utilize up to $50.0 million of available cash for repurchases of shares of the Company's common stock. The 2021 Share Repurchase Program went into effect beginning December 13, 2021 and expires in December 2024. The Company purchased 128,100 shares at an average price of $5.71 per share, excluding commissions, for an aggregate amount of $0.7 million during the thirteen weeks ended April 29, 2023 under the 2021 Share Repurchase Program. There was $27.0 million remaining available to repurchase shares of the Company's common stock under the 2021 Share Repurchase Program as of April 29, 2023. As of April 29, 2023, the Company held as treasury shares 12,207,790 shares of its common stock at an average price of $10.94 per share, excluding commissions, for an aggregate carrying amount of $133.6 million. The Company’s treasury shares may be issued under the 2010 Equity and Incentive Plan (with respect to outstanding awards under that plan), under the 2020 Equity and Incentive Plan, or for other corporate purposes.

Cover page - shares	3 Months Ended
Cover page - shares	Apr. 29, 2023	May 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 29, 2023
Document Transition Report	false
Entity File Number	001-34918
Entity Registrant Name	VERA BRADLEY, INC.
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	27-2935063
Entity Address, Address Line One	12420 Stonebridge Road
Entity Address, City or Town	Roanoke
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46783
City Area Code	(877)
Local Phone Number	708-8372
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	VRA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		30,915,493
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001495320
Current Fiscal Year End Date	--02-03

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023
Current assets:
Cash and cash equivalents	$ 25,338	$ 46,595
Accounts receivable, net	20,241	22,105
Inventories	142,742	142,275
Income taxes receivable	4,167	1,311
Prepaid expenses and other current assets	15,108	14,276
Total current assets	207,596	226,562
Operating right-of-use assets	75,148	77,954
Property, plant, and equipment, net	57,791	58,674
Intangible assets, net	15,189	15,918
Deferred income taxes	21,089	21,542
Other assets	3,117	3,851
Total assets	379,930	404,501
Current liabilities:
Accounts payable	16,536	20,350
Accrued employment costs	10,356	14,312
Short-term operating lease liabilities	20,280	19,714
Other accrued liabilities	13,425	12,723
Income taxes payable	390	558
Total current liabilities	60,987	67,657
Long-term operating lease liabilities	71,870	74,664
Other long-term liabilities	81	90
Total liabilities	132,938	142,411
Commitments and contingencies
Redeemable noncontrolling interest	0	10,712
Shareholders’ equity:
Preferred stock; 5,000 shares authorized, no shares issued or outstanding	0	0
Common stock, without par value; 200,000 shares authorized, 43,176 and 42,846 shares issued and 30,968 and 30,766 shares outstanding, respectively	0	0
Additional paid-in-capital	110,753	109,718
Retained earnings	269,950	274,629
Accumulated other comprehensive loss	(115)	(105)
Treasury stock	(133,596)	(132,864)
Total shareholders’ equity of Vera Bradley, Inc.	246,992	251,378
Total liabilities, redeemable noncontrolling interest, and shareholders’ equity	$ 379,930	$ 404,501

Income Taxes	3 Months Ended
Income Taxes	Apr. 29, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes for interim periods is based on an estimate of the annual effective tax rate adjusted to reflect the impact of discrete items. Management judgment is required in projecting ordinary income to estimate the Company’s annual effective tax rate. The effective tax rate for the thirteen weeks ended April 29, 2023, was 27.1%, compared to 18.9% for the thirteen weeks ended April 30, 2022. The year-over-year effective tax rate increase was primarily due to the relative impact of permanent and discrete items in the current-year period compared to the prior-year period, primarily as a result of stock-based compensation, noncontrolling interest in the prior-year period, and non-deductible executive compensation. Refer to Note 12 herein for information regarding the deferred income tax adjustment associated with the purchase of the remaining 25% interest in Pura Vida on January 30, 2023.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Redeemable Noncontrolling Interest

3 Months Ended

Apr. 29, 2023

Temporary Equity Disclosure [Abstract]

Redeemable Noncontrolling Interest

Redeemable noncontrolling interest represents the remaining twenty-five percent (25%) interest in Pura Vida not acquired by the Company until January 30, 2023.

On July 16, 2019, the Company purchased 75% of Pura Vida's outstanding equity interest and entered into a Put/Call Agreement with the Sellers (the “Put/Call Agreement”) providing for certain rights with respect to the purchase by the Company and sale by the Sellers of the Remaining Pura Vida Interests. On January 23, 2023, the Company and certain of its subsidiaries entered into an Interest Purchase Agreement (the “Interest Purchase Agreement”) with Creative Genius Holdings, Inc. a California corporation, Creative Genius Investments, Inc., a California corporation, Griffin Thall, and Paul Goodman (collectively “Sellers”) to purchase the remaining 25% of the outstanding membership interests (the “Remaining Pura Vida Interests”) of Creative Genius, LLC, a California limited liability company (“Pura Vida”).

Pursuant to the Interest Purchase Agreement, and subject to the terms and conditions thereof, on the closing date (January 30, 2023), the Company acquired the Remaining Pura Vida Interests (the “Transaction”) in exchange for cash consideration consisting of $10.0 million paid at closing, subject to certain adjustments. The Transaction was not subject to financing conditions. The Company’s existing available cash and cash equivalents funded the purchase price. Following completion of the Transaction, the Company owns 100% of the ownership interests in Pura Vida.

The Interest Purchase Agreement provides that, as of the closing of the Transaction, all rights and obligations of the Company and the Sellers under any agreements among the parties, including the Put/Call Agreement, were terminated.

As a result of the Transaction, the Company recorded a decrease to redeemable noncontrolling interest of $10.7 million. The difference between the fair value of the consideration paid and the balance of the redeemable noncontrolling interest resulted in $0.7 million recognized in additional paid-in capital (“APIC”) during the thirteen weeks ended April 29, 2023. In addition, there was an APIC adjustment of $0.6 million related to deferred income taxes for the purchase of the redeemable noncontrolling interest. The total APIC adjustment for this matter during the thirteen weeks ended April 29, 2023, was $1.3 million.

Changes in redeemable noncontrolling interest for the thirteen weeks ended April 29, 2023, were as follows (in thousands):


Balance at January 28, 2023	$	10,712
Adjustment for purchase of noncontrolling interest	(10,712)

Balance at April 29, 2023	$	—

Changes in redeemable noncontrolling interest for the thirteen weeks ended April 30, 2022, were as follows (in thousands):


Balance at January 29, 2022	$	30,974
Net income attributable to redeemable noncontrolling interest	264

Distributions to redeemable noncontrolling interest	(146)

Balance at April 30, 2022	$	31,092

Cost Saving Initiatives and Other Charges (Charges and related liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Jan. 28, 2023
Restructuring Reserve [Roll Forward]
Total	$ 2,094
Severance Charges
Restructuring Reserve [Roll Forward]
Restructuring charges	1,989
Cash payments	(2,913)
Restructuring Reserve	2,159	$ 3,083
Consulting Fees And Other Costs
Restructuring Reserve [Roll Forward]
Restructuring charges	105
Cash payments	(165)
Restructuring Reserve	$ 0	$ 60

Description of the Company and Basis of Presentation - Additional Information (Details)	3 Months Ended
	Apr. 29, 2023 Segment Store location	Jan. 30, 2023	Jul. 16, 2019
Lessee, Lease, Description [Line Items]
Number of reportable segments \| Segment	3
Number of full-line stores	48
Number of factory outlet stores	80
Number of specialty retail locations \| location	1,700
Creative Genius, Inc.
Lessee, Lease, Description [Line Items]
Percentage of business acquired			75.00%
Pura Vida
Lessee, Lease, Description [Line Items]
Percentage of business acquired		25.00%

Earnings Per Share - Components of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Numerator:
Net loss	$ (4,679)	$ (6,710)
Less: Net income attributable to redeemable noncontrolling interest	0	264
Net income (loss) attributable to Vera Bradley, Inc.	$ (4,679)	$ (6,974)
Denominator:
Weighted-average number of common shares (basic) (in shares)	30,794	32,672
Dilutive effect of stock-based awards (in shares)	0	0
Weighted-average number of common shares (diluted) (in shares)	30,794	32,672
Net loss per share available to Vera Bradley, Inc. common shareholders:
Basic (in dollars per share)	$ (0.15)	$ (0.21)
Diluted (in dollars per share)	$ (0.15)	$ (0.21)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Cash flows from operating activities
Net loss	$ (4,679)	$ (6,710)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property, plant, and equipment	2,086	2,192
Amortization of operating right-of-use assets	5,341	5,260
Impairment charges	0	592
Amortization of intangible assets	729	769
Provision for doubtful accounts	38	(143)
Stock-based compensation	691	543
Deferred income taxes	1,027	(123)
Other non-cash gain, net	26	0
Changes in assets and liabilities:
Accounts receivable	1,826	709
Inventories	(467)	(16,906)
Prepaid expenses and other assets	(98)	(786)
Accounts payable	(3,794)	8,165
Income taxes	(3,024)	5,925
Operating lease liabilities, net	(4,763)	(6,565)
Accrued and other liabilities	(3,694)	(4,004)
Net cash used in operating activities	(8,755)	(11,082)
Cash flows from investing activities
Purchases of property, plant, and equipment	(818)	(1,745)
Cash paid for business acquisition	(10,000)	0
Net cash used in investing activities	(10,818)	(1,745)
Cash flows from financing activities
Tax withholdings for equity compensation	(942)	(1,410)
Repurchase of common stock	(732)	(10,035)
Distributions to redeemable noncontrolling interest	0	(146)
Net cash used in financing activities	(1,674)	(11,591)
Effect of exchange rate changes on cash and cash equivalents	(10)	(31)
Net decrease in cash and cash equivalents	(21,257)	(24,449)
Cash and cash equivalents, beginning of period	46,595	88,436
Cash and cash equivalents, end of period	25,338	63,987
Supplemental disclosure of cash flow information
Cash paid (received) for income taxes, net	$ 256	$ (7,359)

Segment Reporting (Tables)

3 Months Ended

Apr. 29, 2023

Segment Reporting [Abstract]

Schedule of Net Revenues and Operating Income Information for Reportable Segments

Net revenues and operating income information for the Company’s reportable segments during the thirteen weeks ended April 29, 2023 and April 30, 2022, respectively, consisted of the following (in thousands):


	Thirteen Weeks Ended
	April 29, 2023		April 30, 2022
Segment net revenues:
VB Direct	$	58,905	$	61,636
VB Indirect	15,373		16,977
Pura Vida	20,084		19,846
Total	$	94,362	$	98,459
Segment operating income:
VB Direct	$	7,340	$	5,503
VB Indirect	4,706		5,479
Pura Vida	1,562		1,056
Total	$	13,608	$	12,038
Reconciliation:
Segment operating income	$	13,608	$	12,038
Less:
Unallocated corporate expenses	(19,994)		(20,271)
Operating loss	$	(6,386)	$	(8,233)

Earnings Per Share

3 Months Ended

Apr. 29, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share is computed based on the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of common shares outstanding, plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares represent outstanding restricted stock units.

As a result of the redemption feature related to the Put/Call Agreement in the prior year, the Company recorded the prior year 25% noncontrolling interest as redeemable and classified it in temporary equity within its Condensed Consolidated Balance Sheets initially at its acquisition-date fair value. The noncontrolling interest was adjusted each reporting period for income (or loss) attributable to the noncontrolling interest. A measurement period adjustment, if any, was then made to adjust the noncontrolling interest to the higher of the redemption value or carrying value each reporting period. These adjustments were recognized through retained earnings and were not reflected in net income or net income attributable to Vera Bradley, Inc. When calculating earnings per share attributable to Vera Bradley, Inc., the Company adjusted the net income attributable to Vera Bradley, Inc. for the measurement period adjustment to the extent the redemption value exceeds the fair value of the noncontrolling interest on a cumulative basis. Refer to Note 12 for additional information regarding the purchase of the remaining 25% interest on January 30, 2023.

The components of basic and diluted earnings per share were as follows (in thousands, except per share data):


	Thirteen Weeks Ended
	April 29, 2023		April 30, 2022
Numerator:
Net loss	$	(4,679)	$	(6,710)
Less: Net income attributable to redeemable noncontrolling interest	—		264
Net loss attributable to Vera Bradley, Inc.	$	(4,679)	$	(6,974)



Denominator:
Weighted-average number of common shares (basic)	30,794		32,672
Dilutive effect of stock-based awards	—		—
Weighted-average number of common shares (diluted)	30,794		32,672

Net loss per share available to Vera Bradley, Inc. common shareholders:
Basic	$	(0.15)	$	(0.21)
Diluted	$	(0.15)	$	(0.21)

For the thirteen weeks ended April 29, 2023 and April 30, 2022, all potential common shares were excluded from the diluted share calculation because they were anti-dilutive due to the net loss in the period.

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Income Statement [Abstract]
Net revenues	$ 94,362	$ 98,459
Cost of sales	42,613	45,945
Gross profit	51,749	52,514
Selling, general, and administrative expenses	58,506	60,914
Other income, net	371	167
Operating loss	(6,386)	(8,233)
Interest expense, net	32	40
Loss before income taxes	(6,418)	(8,273)
Income tax benefit	(1,739)	(1,563)
Net loss	(4,679)	(6,710)
Less: Net income attributable to redeemable noncontrolling interest	0	264
Net loss attributable to Vera Bradley, Inc.	$ (4,679)	$ (6,974)
Basic weighted-average shares outstanding (in shares)	30,794	32,672
Diluted weighted-average shares outstanding (in shares)	30,794	32,672
Basic net loss per share (in dollars per share)	$ (0.15)	$ (0.21)
Diluted net loss per share (in dollars per share)	$ (0.15)	$ (0.21)

Intangible Assets and Goodwill - Provisional amortization expense for intangible assets (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Fiscal 2024 (remaining nine months)	$ 2,187
Fiscal 2025	1,336
Carrying Amount	$ 3,523	$ 4,252

Leases - Narrative (Details) - USD ($) $ in Millions	Apr. 29, 2023	Apr. 30, 2022
Lessee, Lease, Description [Line Items]
Weighted-average discount rate	4.70%	4.90%
Operating Lease, lease not yet commenced	$ 2.4
Weighted-average remaining lease term	5 years 4 months 24 days	5 years 6 months
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term of contract	10 years

Segment Reporting - Schedule of Net Revenues and Operating Income Information for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Segment Reporting Information [Line Items]
Net revenues	$ 94,362	$ 98,459
Segment operating income	13,608	12,038
Unallocated corporate expenses	(19,994)	(20,271)
Operating loss	(6,386)	(8,233)
Direct [Member]
Segment Reporting Information [Line Items]
Net revenues	58,905	61,636
Indirect [Member]
Segment Reporting Information [Line Items]
Net revenues	15,373	16,977
Pura Vida
Segment Reporting Information [Line Items]
Net revenues	20,084	19,846
Operating Segments \| Direct [Member]
Segment Reporting Information [Line Items]
Net revenues	58,905	61,636
Segment operating income	7,340	5,503
Operating Segments \| Indirect [Member]
Segment Reporting Information [Line Items]
Net revenues	15,373	16,977
Segment operating income	4,706	5,479
Operating Segments \| Pura Vida
Segment Reporting Information [Line Items]
Net revenues	20,084	19,846
Segment operating income	$ 1,562	$ 1,056

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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+ Details

Leases (Tables)

3 Months Ended

Apr. 29, 2023

Leases [Abstract]

Schedule of Lease, Cost

The following lease expense is recorded within cost of sales for the Asia sourcing office and certain equipment leases and within selling, general, and administrative expenses for all other leases, including retail store leases, in the Company's Condensed Consolidated Statement of Operations for the thirteen weeks ended April 29, 2023 and April 30, 2022 (in thousands):


	Thirteen Weeks Ended
	April 29, 2023		April 30, 2022
Operating lease cost	$	6,565	$	6,250
Variable lease cost	1,356		1,418
Short-term lease cost	122		214
Less: Sublease income (1)	(105)		—
Total net lease cost	$	7,938	$	7,882
(1) Related to the sublease of a former Company location.

Supplemental operating cash flow information

Supplemental operating cash flow information was as follows (in thousands):


	Thirteen Weeks Ended
	April 29, 2023		April 30, 2022
Cash paid for amounts included in the measurement of operating lease liabilities (1)	$	7,377	$	4,989
Right-of-use assets increase as a result of new and modified operating lease liabilities, net	$	2,548	$	5,788
(1) $2.5 million of lease liabilities were recorded within accounts payable on the Company's Condensed Consolidated Balance Sheets as of April 30, 2022.

Cost Saving Initiatives and Other Charges - (Tables)

3 Months Ended

Apr. 29, 2023

Restructuring and Related Activities [Abstract]

Schedule of Charges Incurred

The Company has incurred the following charges during the thirteen weeks ended April 29, 2023 (in thousands):


	Reportable Segment
	VB Direct		VB Indirect		Pura Vida		Unallocated Corporate Expenses		Total Expense
Severance charges (1)	$	342	$	—	$	—	$	1,647	$	1,989
Consulting fees and other costs (2)	—		—		—		105		105
Total (3)	$	342	$	—	$	—	$	1,752	$	2,094

(1) Includes former CFO severance
(2) Related to professional fees
(3) Recorded within selling, general, and administrative ("SG&A") expenses

A summary of charges and related liabilities associated with the cost savings initiatives and severance charges are as follows (in thousands):


	Severance Charges and Cash Retention Payment Acceleration Charges (1)		Consulting Fees and Other Costs
Liability as of January 28, 2023	$	3,083	$	60
Fiscal 2024 charges	1,989		105
Cash payments	(2,913)		(165)

Liability as of April 29, 2023	$	2,159	$	—

(1) Remaining liability is recorded within accrued employment costs

Intangible Assets and Goodwill

3 Months Ended

Apr. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

The following tables detail the carrying value of the Company's intangible assets other than goodwill related to the acquisition of a majority interest in Pura Vida. On January 30, 2023, the Company purchased the remaining 25% interest in Pura Vida.


	April 29, 2023
in thousands	Gross Basis		Accumulated Amortization(1)		Carrying Amount
Definite-lived intangible assets
Customer Relationships	$	24,208	$	(20,685)	$	3,523
Non-competition Agreements	788		(788)		—
Total definite-lived intangible assets	24,996		(21,473)		3,523

Indefinite-lived intangible asset
Pura Vida Brand (2)	11,666		—		11,666

Total intangible assets, excluding goodwill	$	36,662	$	(21,473)	$	15,189

(1) Amortization expense is recorded within the Pura Vida segment.
(2) Impairment charges of $9.9 million and $15.1 million were recorded within the Pura Vida segment during the second and fourth quarters of fiscal 2023.


	January 28, 2023
in thousands	Gross Basis		Accumulated Amortization(1)		Carrying Amount
Definite-lived intangible assets
Customer Relationships	$	24,208	$	(19,956)	$	4,252
Non-competition Agreements	788		(788)		—
Total definite-lived intangible assets	24,996		(20,744)		4,252

Indefinite-lived intangible asset
Pura Vida Brand (2)	11,666		—		11,666

Total intangible assets, excluding goodwill	$	36,662	$	(20,744)	$	15,918

(1) Amortization expense is recorded within the Pura Vida segment.
(2) Impairment charges of $9.9 million and $15.1 million were recorded within the Pura Vida segment during the second and fourth quarters of fiscal 2023.

Amortization expense is recorded within selling, general, and administrative expenses in the Company's Condensed Consolidated Statement of Operations. The future amortization expense for intangible assets is as follows (in thousands):


	Amortization Expense
Fiscal 2024 (remaining nine months)	2,187
Fiscal 2025	1,336
Total	$	3,523

There was no goodwill balance as of April 29, 2023 and January 28, 2023 due to impairment charges recorded during fiscal 2023.

Commitments and Contingencies - Narrative (Details) $ in Millions	3 Months Ended
	Apr. 29, 2023 USD ($)
Pending Litigation
Loss Contingencies [Line Items]
Loss contingency, damages sought, value	$ 10.0

Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 30, 2023	Apr. 29, 2023	Apr. 30, 2022	Jul. 16, 2019
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interest, beginning balance		$ 10,712	$ 30,974
Adjustment for purchase of noncontrolling interest		(10,712)
Net income attributable to redeemable noncontrolling interest		0	(264)
Distributions to redeemable noncontrolling interest		0	(146)
Redeemable noncontrolling interest, ending balance		0	$ 31,092
Creative Genius, Inc.
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling owners	25.00%			25.00%
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net income attributable to redeemable noncontrolling interest		10,700
Payments of Merger Related Costs, Financing Activities	$ 10,000
Noncontrolling Interest, Ownership Percentage by Parent	100.00%
Adjustments to Additional Paid in Capital, Fair Value		700
Adjustments To Additional Paid In Capital, Deferred Income		600
Adjustments to Additional Paid in Capital, Other		$ 1,300
Creative Genius, Inc.
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Percentage of business acquired				75.00%

Segment Reporting - Additional Information (Details)	3 Months Ended
Segment Reporting - Additional Information (Details)	Apr. 29, 2023 Segment location
Segment Reporting [Abstract]
Number of operating segments \| Segment	3
Number of specialty retail locations \| location	1,700

Consolidated Balance Sheets (Parenthetical) - shares	Apr. 29, 2023	Jan. 28, 2023
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	43,176,000	42,846,000
Common stock, shares outstanding (in shares)	30,968,000	30,766,000

Leases

3 Months Ended

Apr. 29, 2023

Leases [Abstract]

Leases

Discount Rate

The weighted-average discount rate as of April 29, 2023, and April 30, 2022 was 4.7% and 4.9%, respectively. The discount rate is not readily determinable in the lease; therefore, the Company estimated the incremental borrowing

rate, at the commencement date of each lease, which is the rate of interest it would have to borrow on a collateralized basis over a similar term with similar payments.

Leases Not Yet Commenced

As of April 29, 2023, the Company had one Vera Bradley retail store lease which was executed, but it did not have control of the underlying asset; therefore, the lease liability and right-of-use asset are not recorded on the Condensed Consolidated Balance Sheet. This lease contains undiscounted lease payments, which will be included in the determination of the lease liability, totaling approximately $2.4 million and has a term of approximately 10 years commencing in fiscal year 2024.

Amounts Recognized in the Condensed Consolidated Financial Statements


	Thirteen Weeks Ended
	April 29, 2023		April 30, 2022
Operating lease cost	$	6,565	$	6,250
Variable lease cost	1,356		1,418
Short-term lease cost	122		214
Less: Sublease income (1)	(105)		—
Total net lease cost	$	7,938	$	7,882
(1) Related to the sublease of a former Company location.

The weighted-average remaining lease term as of April 29, 2023 and April 30, 2022 was 5.4 years and 5.5 years, respectively.

Supplemental operating cash flow information was as follows (in thousands):


	Thirteen Weeks Ended
	April 29, 2023		April 30, 2022
Cash paid for amounts included in the measurement of operating lease liabilities (1)	$	7,377	$	4,989
Right-of-use assets increase as a result of new and modified operating lease liabilities, net	$	2,548	$	5,788
(1) $2.5 million of lease liabilities were recorded within accounts payable on the Company's Condensed Consolidated Balance Sheets as of April 30, 2022.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Apr. 29, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe Company is subject to various claims and contingencies arising in the normal course of business, including those relating to product liability, legal claims, employee benefits, environmental issues, and other matters. Management believes that at this time it is not probable that any of these claims will have a material adverse effect on the Company’s financial condition, results of operations, or cash flows. However, the outcomes of legal proceedings and claims brought against the Company are subject to uncertainty, and future developments could cause these actions or claims, individually or in aggregate, to have a material adverse effect on the Company’s financial condition, results of operations, or cash flows of a particular reporting period. In August of 2019, Vesi Incorporated (“Vesi”) filed suit against the Company in the U.S. District Court for the Southern District of Ohio related to the Company’s licensing business and alleging breach of fiduciary duty, unfair competition, defamation, and tortious interference with prospective business relationships. The complaint seeks damages in an amount not less than $10.0 million for punitive damages, attorney fees, prejudgment interest, and any other additional relief. The Company has denied any liability and intends to vigorously defend itself in the case. In November 2019, the Company filed a counterclaim against the principals of Vesi as personal guarantors for monies owed to the Company by Vesi. The Company filed a motion for summary judgement asking the Court to dismiss all claims with prejudice and grant judgement on its counterclaim. On January 4, 2023, the Court granted the Company’s motion for summary judgment dismissing Vesi’s claims and also granted judgment on the Company’s counterclaims against the principals of Vesi for an immaterial amount. Vesi has appealed this decision. At this time, we are not able to estimate a possible loss or range of loss that may result from this matter or to determine whether such loss, if any, would have a material adverse effect on our financial condition or results of operations due to the fact that the Company is vigorously defending itself and management believes that the Company has a number of meritorious legal defenses.

Debt	3 Months Ended
Debt	Apr. 29, 2023
Debt Disclosure [Abstract]
Debt	DebtOn September 7, 2018, Vera Bradley Designs, Inc. (“VBD”), a wholly-owned subsidiary of the Company, entered into an asset-based revolving Credit Agreement (the “Credit Agreement”) among VBD, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto. The Credit Agreement provides for certain credit facilities to VBD in an aggregate principal amount not to initially exceed the lesser of $75.0 million or the amount of borrowing availability determined in accordance with a borrowing base of certain assets. Any proceeds of the credit facilities will be used to finance general corporate purposes of VBD and its subsidiaries, including but not limited to Vera Bradley International, LLC and Vera Bradley Sales, LLC (collectively, the “Named Subsidiaries”). The Credit Agreement also contains an option for VBD to arrange with lenders to increase the aggregate principal amount by up to $25.0 million. Amounts outstanding under the Credit Agreement bear interest at a per annum rate equal to either (i) for CBFR borrowings (including swingline loans), the CB Floating Rate, where the CB Floating Rate is the prime rate which shall never be less than the adjusted one month LIBOR rate on such day, plus the Applicable Rate, where the Applicable Rate is a percentage spread ranging from -1.00% to -1.50% or (ii) for each eurodollar borrowing, the Adjusted LIBO Rate, where the Adjusted LIBO Rate is the LIBO rate for such interest period multiplied by the statutory reserve rate, for the interest period in effect for such borrowing, plus the Applicable Rate, where the Applicable Rate is a percentage ranging from 1.00% to 1.30%. The applicable CB Floating Rate, Adjusted LIBO Rate, or LIBO Rate shall be determined by the administrative agent. The Credit Agreement also requires VBD to pay a commitment fee for the unused portion of the revolving facility of up to 0.20% per annum. VBD’s obligations under the Credit Agreement are guaranteed by the Company and the Named Subsidiaries. The obligations of VBD under the Credit Agreement are secured by substantially all of the respective assets of VBD, the Company, and the Named Subsidiaries and are further secured by the equity interests in VBD and the Named Subsidiaries. The Credit Agreement contains various affirmative and negative covenants, including restrictions on the Company's ability to incur debt or liens; engage in mergers or consolidations; make certain investments, acquisitions, loans, and advances; sell assets; enter into certain swap agreements; pay dividends or make distributions or make other restricted payments; engage in certain transactions with affiliates; and amend, modify, or waive any of its rights related to subordinated indebtedness and certain charter and other organizational, governing, and material agreements. The Company may avoid certain of such restrictions by meeting payment conditions defined in the Credit Agreement. The Credit Agreement also requires the Loan Parties to maintain a minimum fixed charge coverage ratio of 1.00 during periods when borrowing availability is less than the greater of (A) $7.5 million, and (B) 10% of the lesser of (i) the aggregate revolving commitment, and (ii) the borrowing base. The fixed charge coverage ratio, availability, aggregate revolving commitment, and the borrowing base are further defined in the Credit Agreement. The Credit Agreement contains customary events of default, including, among other things: (i) the failure to pay any principal, interest, or other fees under the Credit Agreement; (ii) the making of any materially incorrect representation or warranty; (iii) the failure to observe or perform any covenant, condition, or agreement in the Credit Agreement or related agreements; (iv) a cross default with respect to other material indebtedness; (v) bankruptcy and insolvency events; (vi) unsatisfied material final judgments; (vii) Employee Retirement Income Security Act of 1974 (“ERISA”) events that could reasonably be expected to have a material adverse effect; and (viii) a change in control (as defined in the Credit Agreement). Any commitments made under the Credit Agreement mature on September 7, 2023. As of April 29, 2023 and January 28, 2023, the Company had no borrowings outstanding and availability of $75.0 million under the Credit Agreement.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 363	$ 360
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0	$ 0

Redeemable Noncontrolling Interest (Tables)

3 Months Ended

Apr. 29, 2023

Temporary Equity Disclosure [Abstract]

Schedule of changes in redeemable noncontrolling interest

Changes in redeemable noncontrolling interest for the thirteen weeks ended April 29, 2023, were as follows (in thousands):


Balance at January 28, 2023	$	10,712
Adjustment for purchase of noncontrolling interest	(10,712)

Balance at April 29, 2023	$	—

Changes in redeemable noncontrolling interest for the thirteen weeks ended April 30, 2022, were as follows (in thousands):


Balance at January 29, 2022	$	30,974
Net income attributable to redeemable noncontrolling interest	264

Distributions to redeemable noncontrolling interest	(146)

Balance at April 30, 2022	$	31,092

Segment Reporting

3 Months Ended

Apr. 29, 2023

Segment Reporting [Abstract]

Segment Reporting

The Company has three operating segments, which are also its reportable segments: VB Direct, VB Indirect, and Pura Vida. These operating segments are components of the Company for which separate financial information is available and for which operating results are evaluated on a regular basis by the chief operating decision maker in deciding how to allocate resources and in assessing the performance of the segments.

The VB Direct segment includes Vera Bradley full-line and factory outlet stores; the Vera Bradley websites, verabradley.com and verabradley.ca; the Vera Bradley online outlet site; and typically the Vera Bradley annual outlet sale. Revenues generated from this segment are driven through the sale of Vera Bradley-branded products from Vera Bradley to end consumers.

The VB Indirect segment represents revenues generated through the distribution of Vera Bradley-branded products to specialty retailers representing approximately 1,700 locations, substantially all of which are located in the United States; key accounts, which include department stores, national accounts, third-party e-commerce sites, and third-party inventory liquidators; and royalties recognized through licensing agreements related to the Vera Bradley brand.

The Pura Vida segment represents revenues generated through the Pura Vida websites, www.puravidabracelets.com, www.puravidabracelets.eu, and www.puravidabracelets.ca; through the distribution of Pura Vida-branded products to wholesale retailers, substantially all of which are located in the United States; and through the Pura Vida retail stores.

Corporate costs represent the Company’s administrative expenses, which include, but are not limited to: human resources, legal, finance, information technology, design, product development, merchandising, corporate-level marketing and advertising, and various other corporate-level-activity-related expenses not directly attributable to a reportable segment. All intercompany-related activities are eliminated in consolidation and are excluded from the segment reporting.

Company management evaluates segment operating results based on several indicators. The primary or key performance indicators for each segment are net revenues and operating income. Net revenues and operating income information for the Company’s reportable segments during the thirteen weeks ended April 29, 2023 and April 30, 2022, respectively, consisted of the following (in thousands):


	Thirteen Weeks Ended
	April 29, 2023		April 30, 2022
Segment net revenues:
VB Direct	$	58,905	$	61,636
VB Indirect	15,373		16,977
Pura Vida	20,084		19,846
Total	$	94,362	$	98,459
Segment operating income:
VB Direct	$	7,340	$	5,503
VB Indirect	4,706		5,479
Pura Vida	1,562		1,056
Total	$	13,608	$	12,038
Reconciliation:
Segment operating income	$	13,608	$	12,038
Less:
Unallocated corporate expenses	(19,994)		(20,271)
Operating loss	$	(6,386)	$	(8,233)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

Description of the Company and Basis of Presentation (Policies)	3 Months Ended
	Apr. 29, 2023
Accounting Policies [Abstract]
Basis of Accounting	The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as permitted by such rules and regulations. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 28, 2023, filed with the SEC.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, including Pura Vida. The Company has eliminated intercompany balances and transactions in consolidation. In the prior year, Pura Vida was a majority owned subsidiary and was included in the consolidated financial statements of the Company. Refer to Notes 4 and 12 herein for additional information.
Fiscal Periods	Fiscal Periods The Company’s fiscal year ends on the Saturday closest to January 31. References to the fiscal quarters ended April 29, 2023 and April 30, 2022 refer to the thirteen week periods ended on those dates.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements There were no new accounting pronouncements issued or which became effective during the thirteen weeks ended April 29, 2023, which had, or are expected to have, a significant impact on the Company's Consolidated Financial Statements.

Intangible Assets and Goodwill - Carrying value of the Company's intangible assets other than goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 28, 2023	Jul. 30, 2022	Apr. 29, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Basis	$ 24,996		$ 24,996
Accumulated Amortization	20,744		21,473
Carrying Amount	4,252		3,523
Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]
Indefinite-lived intangible asset	11,666		11,666
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Basis	36,662		36,662
Accumulated Amortization	20,744		21,473
Carrying Amount	15,918		15,189
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	15,100	$ 9,900
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Basis	24,208		24,208
Accumulated Amortization	19,956		20,685
Carrying Amount	4,252		3,523
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	19,956		20,685
Non-competition Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Basis	788		788
Accumulated Amortization	788		788
Carrying Amount	0		0
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ 788		$ 788

Stock-Based Compensation - Additional Information (Details) $ in Thousands		3 Months Ended
	May 08, 2023 USD ($) shares	Apr. 29, 2023 USD ($) shares	Apr. 30, 2022 USD ($) shares	May 25, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock unit vesting and settlement ratio to common shares		1
Restricted-Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost, net of estimated forfeitures, related to nonvested restricted stock units \| $		$ 5,200
Total unrecognized compensation cost, net of estimated forfeitures, related to nonvested restricted stock units, weighted-average period of recognition		2 years 4 months 24 days
Restricted-Stock Units [Member] \| Non-Employee Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units vesting period, years		1 year
Performance-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted-stock awards/units granted in period		222,000
Restricted stock units vesting period, years		3 years
2020 Equity And Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock shares		3,000,000
2020 Equity And Incentive Plan [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock shares				3,000,000
2020 Equity And Incentive Plan [Member] \| Restricted-Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted-stock awards/units granted in period		542,570	841,369
Restricted-stock awards/units with an aggregate grant-date fair value \| $		$ 3,200	$ 6,300
2020 Equity And Incentive Plan [Member] \| Restricted-Stock Units [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted-stock awards/units granted in period	168,854
Restricted-stock awards/units with an aggregate grant-date fair value \| $	$ 900

Cloud Computing Arrangements	3 Months Ended
Cloud Computing Arrangements	Apr. 29, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Cloud Computing Arrangements	Cloud Computing ArrangementsThe Company capitalizes implementation costs associated with its Cloud Computing Arrangements (“CCA”) consistent with costs capitalized for internal-use software. The CCA costs are amortized over the term of the related hosting agreement, taking into consideration renewal options, if any. The renewal period is included in the amortization period if determined that the option is reasonably certain to be exercised. The amortization expense is recorded within selling, general, and administrative expenses in the Company's Condensed Consolidated Statements of Operations, which is within the same line item as the related hosting fees. The balance of the unamortized CCA implementation costs totaled $5.7 million and $6.4 million as of April 29, 2023 and January 28, 2023, respectively. Of this total, $2.9 million and $3.0 million was recorded within prepaid expenses and other current assets and $2.8 million and $3.4 million was recorded within other assets on the Company's Condensed Consolidated Balance Sheets as of April 29, 2023 and January 28, 2023, respectively. The CCA implementation costs are recorded within operating activities in the Company's Condensed Consolidated Statements of Cash Flows.

Intangible Assets and Goodwill (Tables)

3 Months Ended

Apr. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets


	April 29, 2023
in thousands	Gross Basis		Accumulated Amortization(1)		Carrying Amount
Definite-lived intangible assets
Customer Relationships	$	24,208	$	(20,685)	$	3,523
Non-competition Agreements	788		(788)		—
Total definite-lived intangible assets	24,996		(21,473)		3,523

Indefinite-lived intangible asset
Pura Vida Brand (2)	11,666		—		11,666

Total intangible assets, excluding goodwill	$	36,662	$	(21,473)	$	15,189

(1) Amortization expense is recorded within the Pura Vida segment.
(2) Impairment charges of $9.9 million and $15.1 million were recorded within the Pura Vida segment during the second and fourth quarters of fiscal 2023.


	January 28, 2023
in thousands	Gross Basis		Accumulated Amortization(1)		Carrying Amount
Definite-lived intangible assets
Customer Relationships	$	24,208	$	(19,956)	$	4,252
Non-competition Agreements	788		(788)		—
Total definite-lived intangible assets	24,996		(20,744)		4,252

Indefinite-lived intangible asset
Pura Vida Brand (2)	11,666		—		11,666

Total intangible assets, excluding goodwill	$	36,662	$	(20,744)	$	15,918

(1) Amortization expense is recorded within the Pura Vida segment.
(2) Impairment charges of $9.9 million and $15.1 million were recorded within the Pura Vida segment during the second and fourth quarters of fiscal 2023.

Schedule of Indefinite-Lived Intangible Assets


	April 29, 2023
in thousands	Gross Basis		Accumulated Amortization(1)		Carrying Amount
Definite-lived intangible assets
Customer Relationships	$	24,208	$	(20,685)	$	3,523
Non-competition Agreements	788		(788)		—
Total definite-lived intangible assets	24,996		(21,473)		3,523

Indefinite-lived intangible asset
Pura Vida Brand (2)	11,666		—		11,666

Total intangible assets, excluding goodwill	$	36,662	$	(21,473)	$	15,189

(1) Amortization expense is recorded within the Pura Vida segment.
(2) Impairment charges of $9.9 million and $15.1 million were recorded within the Pura Vida segment during the second and fourth quarters of fiscal 2023.


	January 28, 2023
in thousands	Gross Basis		Accumulated Amortization(1)		Carrying Amount
Definite-lived intangible assets
Customer Relationships	$	24,208	$	(19,956)	$	4,252
Non-competition Agreements	788		(788)		—
Total definite-lived intangible assets	24,996		(20,744)		4,252

Indefinite-lived intangible asset
Pura Vida Brand (2)	11,666		—		11,666

Total intangible assets, excluding goodwill	$	36,662	$	(20,744)	$	15,918

(1) Amortization expense is recorded within the Pura Vida segment.
(2) Impairment charges of $9.9 million and $15.1 million were recorded within the Pura Vida segment during the second and fourth quarters of fiscal 2023.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The future amortization expense for intangible assets is as follows (in thousands):


	Amortization Expense
Fiscal 2024 (remaining nine months)	2,187
Fiscal 2025	1,336
Total	$	3,523

Cost Saving Initiatives and Other Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Restructuring Cost and Reserve [Line Items]
Severance charges	$ 1,989
Consulting fees and other costs	105
Total	2,094
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Total		$ 200
Direct [Member]
Restructuring Cost and Reserve [Line Items]
Severance charges	342
Consulting fees and other costs	0
Total	342
Indirect [Member]
Restructuring Cost and Reserve [Line Items]
Severance charges	0
Consulting fees and other costs	0
Total	0
Pura Vida [Member]
Restructuring Cost and Reserve [Line Items]
Severance charges	0
Consulting fees and other costs	0
Total	0
Unallocated Corporate Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Severance charges	1,647
Consulting fees and other costs	105
Total	$ 1,752

Label	Element	Value
Capital Expenditures Incurred but Not yet Paid	us-gaap_CapitalExpendituresIncurredButNotYetPaid	$ 774,000
Capital Expenditures Incurred but Not yet Paid	us-gaap_CapitalExpendituresIncurredButNotYetPaid	788,000
Capital Expenditures Incurred but Not yet Paid	us-gaap_CapitalExpendituresIncurredButNotYetPaid	363,000
Capital Expenditures Incurred but Not yet Paid	us-gaap_CapitalExpendituresIncurredButNotYetPaid	250,000
Repurchase of Common Stock Incurred but Not yet Paid	vra_RepurchaseofCommonStockIncurredbutNotyetPaid	0
Repurchase of Common Stock Incurred but Not yet Paid	vra_RepurchaseofCommonStockIncurredbutNotyetPaid	419,000
Repurchase of Common Stock Incurred but Not yet Paid	vra_RepurchaseofCommonStockIncurredbutNotyetPaid	0
Repurchase of Common Stock Incurred but Not yet Paid	vra_RepurchaseofCommonStockIncurredbutNotyetPaid	$ 0

Cloud Computing Arrangements (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023
Schedule of Capitalization [Line Items]
Capitalized software development costs	$ 5.7	$ 6.4
Prepaid Expenses and Other Current Assets
Schedule of Capitalization [Line Items]
Capitalized software development costs	2.9	3.0
Other Assets
Schedule of Capitalization [Line Items]
Capitalized software development costs	$ 2.8	$ 3.4

Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 29, 2023	Jan. 28, 2023	Dec. 11, 2021
Equity, Class of Treasury Stock [Line Items]
Number of shares held in treasury	12,207,790
Average price per share of shares acquired (in dollars per share)	$ 10.94
Value of treasury stock	$ 133,596	$ 132,864
2021 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Authorized amount under share repurchase program			$ 50,000
Remaining authorized repurchase amount	$ 27,000
2018 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Treasury stock, shares, acquired (in shares)	128,100
Average price per share of shares acquired (in dollars per share)	$ 5.71
Value of treasury stock	$ 700

Stock-Based Compensation (Tables)

3 Months Ended

Apr. 29, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Restricted-Stock Awards and Restricted-Stock Units

The following table sets forth a summary of restricted stock unit activity for the thirteen weeks ended April 29, 2023 (units in thousands):


	Time-based Restricted Stock Units			Performance-based Restricted Stock Units
	Number of Units	Weighted- Average Grant Date Fair Value (per unit)		Number of Units	Weighted- Average Grant Date Fair Value (per unit)
Nonvested units outstanding at January 28, 2023	965	$	5.74	523	$	4.71
Granted	321	5.99		222	5.99
Vested	(396)	6.93		(94)	4.08
Forfeited	(40)	6.82		(40)	6.82
Nonvested units outstanding at April 29, 2023	850	$	5.23	611	$	5.14

Intangible Assets and Goodwill (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023
Pura Vida
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 0.0	$ 0.0

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Leases - Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Lessee, Lease, Description [Line Items]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 7,377	$ 4,989
Right-of-use assets increase as a result of new and modified operating lease liabilities, net	$ 2,548	5,788
Accounts Payable
Lessee, Lease, Description [Line Items]
Cash paid for amounts included in the measurement of operating lease liabilities		$ 2,500

Debt - Additional Information (Details) - USD ($) $ in Millions	Sep. 07, 2018	Apr. 29, 2023	Jan. 28, 2023
Debt Instrument [Line Items]
Long-term line of credit		$ 0.0	$ 0.0
Revolving Credit Facility \| New Credit Agreement \| Subsidiaries
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 75.0
Increase (decrease) in aggregate credit facility principal amount	$ 25.0
Unused capacity, commitment fee percentage	0.20%
Debt instrument, fixed charge coverage ratio	1.00
Available borrowings	$ 7.5	$ 75.0	$ 75.0
Revolving Credit Facility \| New Credit Agreement \| Subsidiaries \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	10.00%
Revolving Credit Facility \| New Credit Agreement \| Subsidiaries \| Minimum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	(1.00%)
Revolving Credit Facility \| New Credit Agreement \| Subsidiaries \| Minimum \| Adjusted London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Revolving Credit Facility \| New Credit Agreement \| Subsidiaries \| Maximum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	(1.50%)
Revolving Credit Facility \| New Credit Agreement \| Subsidiaries \| Maximum \| Adjusted London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.30%

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (4,679)	$ (6,710)
Cumulative translation adjustment	(10)	(31)
Comprehensive loss, net of tax	(4,689)	(6,741)
Less: Comprehensive income attributable to redeemable noncontrolling interest	0	264
Comprehensive loss attributable to Vera Bradley, Inc.	$ (4,689)	$ (7,005)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI https://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
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+ Details

Fair Value of Financial Instruments Fair Value Disclosures (Tables)

3 Months Ended

Apr. 29, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements of Investments

The following table details the fair value measurements of the Company's investments as of April 29, 2023 and January 28, 2023 (in thousands):


	Level 1				Level 2				Level 3
	April 29, 2023		January 28, 2023		April 29, 2023		January 28, 2023		April 29, 2023		January 28, 2023
Cash equivalents(1)	$	363	$	360	$	—	$	—	$	—	$	—














(1) Cash equivalents primarily represent a money market fund that has a maturity of three months or less at the date of purchase. Due to the short maturity, the Company believes the carrying value approximates fair value.

Revenue from Contracts with Customers (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023
Revenue from Contract with Customer [Abstract]
Unearned revenue, current	$ 2.9	$ 3.2
Accounts receivable from contracts with customers, net of allowances	18.8	20.7
Provision for doubtful accounts	$ 0.8	$ 0.8