View Filing Data

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Aug. 03, 2013	Sep. 11, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 03, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	VRA
Entity Registrant Name	Vera Bradley, Inc.
Entity Central Index Key	0001495320
Current Fiscal Year End Date	--02-01
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		40,605,409

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 03, 2013	Feb. 02, 2013
Assets
Cash and cash equivalents	$ 9,331	$ 9,603
Accounts receivable, net	35,494	34,811
Inventories	142,864	131,562
Prepaid expenses and other current assets	9,706	11,016
Deferred income taxes	12,372	11,348
Total current assets	209,767	198,340
Property, plant, and equipment, net	82,346	77,211
Other assets	1,438	1,768
Total assets	293,551	277,319
Liabilities and Shareholders' Equity
Accounts payable	26,224	14,853
Accrued employment costs	8,442	14,162
Other accrued liabilities	19,967	16,532
Income taxes payable	2,026	7,094
Current portion of long-term debt		58
Total current liabilities	56,659	52,699
Long-term debt		15,037
Deferred income taxes	6,123	6,078
Other long-term liabilities	11,300	9,250
Total liabilities	74,082	83,064
Commitments and contingencies
Shareholders' equity:
Preferred stock; 5,000 shares authorized, no shares issued or outstanding
Common stock, without par value; 200,000 shares authorized, 40,604 and 40,563 shares issued and outstanding, respectively
Additional paid-in-capital	77,029	75,675
Retained earnings	143,330	119,190
Accumulated other comprehensive loss	(890)	(610)
Total shareholders' equity	219,469	194,255
Total liabilities and shareholders' equity	$ 293,551	$ 277,319

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Aug. 03, 2013	Feb. 02, 2013
Statement Of Financial Position [Abstract]
Preferred stock, shares authorized	5,000	5,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, without par value
Common stock, shares authorized	200,000	200,000
Common stock, shares issued	40,604	40,563
Common stock, shares outstanding	40,604	40,563

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2013	Jul. 28, 2012	Aug. 03, 2013	Jul. 28, 2012
Income Statement [Abstract]
Net revenues	$ 125,372	$ 123,037	$ 248,405	$ 240,238
Cost of sales	53,599	54,425	108,166	106,324
Gross profit	71,773	68,612	140,239	133,914
Selling, general, and administrative expenses	48,336	47,833	103,563	95,024
Other income	630	1,020	2,581	3,719
Operating income	24,067	21,799	39,257	42,609
Interest expense, net	82	152	223	343
Income before income taxes	23,985	21,647	39,034	42,266
Income tax expense	9,034	8,274	14,894	16,267
Net income	$ 14,951	$ 13,373	$ 24,140	$ 25,999
Basic weighted-average shares outstanding	40,603	40,532	40,592	40,524
Diluted weighted-average shares outstanding	40,623	40,568	40,624	40,557
Basic net income per share	$ 0.37	$ 0.33	$ 0.59	$ 0.64
Diluted net income per share	$ 0.37	$ 0.33	$ 0.59	$ 0.64

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2013	Jul. 28, 2012	Aug. 03, 2013	Jul. 28, 2012
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 14,951	$ 13,373	$ 24,140	$ 25,999
Cumulative translation adjustment	(25)	166	(280)	(17)
Comprehensive income	$ 14,926	$ 13,539	$ 23,860	$ 25,982

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2013	Jul. 28, 2012
Cash flows from operating activities
Net income	$ 24,140	$ 25,999
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of property, plant, and equipment	6,796	4,759
Provision for doubtful accounts	(117)	347
Loss on disposal of property, plant, and equipment	9	25
Stock-based compensation	1,820	1,431
Deferred income taxes	(1,039)	(277)
Changes in assets and liabilities:
Accounts receivable	(566)	(11,529)
Inventories	(11,507)	(10,928)
Prepaid expenses and other assets	1,640	(641)
Accounts payable	11,371	17,740
Income taxes payable	(5,068)	(1,705)
Accrued and other liabilities	(475)	240
Net cash provided by operating activities	27,004	25,461
Cash flows from investing activities
Purchases of property, plant, and equipment	(11,976)	(22,704)
Net cash used in investing activities	(11,976)	(22,704)
Cash flows from financing activities
Payments on financial-institution debt	(45,000)	(62,750)
Borrowings on financial-institution debt	30,000	63,000
Tax withholdings for equity compensation	(406)	(269)
Other financing activities, net	145	(43)
Net cash used in financing activities	(15,261)	(62)
Effect of exchange rate changes on cash and cash equivalents	(39)	(5)
Net increase (decrease) in cash and cash equivalents	(272)	2,690
Cash and cash equivalents, beginning of period	9,603	4,922
Cash and cash equivalents, end of period	$ 9,331	$ 7,612

Description of the Company and Basis of Presentation

26 Months Ended

Aug. 03, 2013

Accounting Policies [Abstract]

Description of the Company and Basis of Presentation

1.	Description of the Company and Basis of Presentation

The terms “Company” and “Vera Bradley” refer to Vera Bradley, Inc. and its subsidiaries, except where context requires or where otherwise indicated.

Vera Bradley is a leading designer, producer, marketer, and retailer of stylish, highly functional accessories primarily for women. The Company’s products include a wide offering of handbags, accessories, and travel and leisure items. The Company generates net revenues by selling products through two reportable segments: Direct and Indirect. The Direct business consists of sales of Vera Bradley products through the Company’s full-price and outlet stores in the United States, department store locations in Japan, its websites, verabradley.com and verabradley.co.jp, and its annual outlet sale in Fort Wayne, Indiana. As of August 3, 2013, the Company operated 80 full-price stores and 14 outlet stores. The Indirect business consists of sales of Vera Bradley products to approximately 3,400 specialty retailers, substantially all of which are located in the United States, as well as select department stores, national accounts, and third party e-commerce sites.

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 omitted. These interim 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 February 2, 2013, 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 twenty-six weeks ended August 3, 2013, are not necessarily indicative of the results to be expected for the full fiscal year.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. The Company has eliminated intercompany balances and transactions in consolidation.

Fiscal Periods

The Company’s fiscal year ends on the Saturday closest to January 31. References to the fiscal quarters ended August 3, 2013, and July 28, 2012, refer to the thirteen-week periods ended on those dates.

Recently Issued Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”). This guidance adds new disclosure requirements for items reclassified out of accumulated other comprehensive income. The additional disclosures include: (1) changes in accumulated other comprehensive income balances by component and (2) significant items reclassified out of accumulated other comprehensive income. The changes in accumulated other comprehensive income balance by component will be disaggregated to separately present reclassification adjustments and current-period other comprehensive income. Significant items reclassified out of accumulated other comprehensive income by component are required to be presented either on the face of the statement of income or as separate disclosure in the notes to the financial statements. These additional disclosures may be presented before-tax or net-of tax as long as the income tax benefit or expense attributed to each component of other comprehensive income and reclassification adjustments is presented in the financial statement or in the notes to the financial statements. The guidance is effective for interim and annual periods beginning after December 15, 2012 and should be applied prospectively. The adoption of this standard did not have an impact on the Company’s consolidated financial statements.

In October 2012, the FASB issued ASU 2012-04, Technical Corrections and Improvements. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update will be effective for fiscal periods beginning after December 15, 2012. The adoption of this standard did not have an impact on the Company’s consolidated financial statements.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2134480

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2209116

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2197480

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2122150

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=28200181&loc=SL6228881-111685

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 720
-SubTopic 15
-URI http://asc.fasb.org/subtopic&trid=2122524

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 915
-SubTopic 235
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6472506&loc=d3e38932-110933

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7668296&loc=d3e288-107754

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755

+ Details

Earnings Per Share

26 Months Ended

Aug. 03, 2013

Earnings Per Share [Abstract]

Earnings Per Share

2.	Earnings Per Share

Earnings per share is computed under the provisions of ASC 260, 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. The components of basic and diluted earnings per share were as follows (in thousands, except per share data):


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	August 3, 2013		July 28, 2012		August 3, 2013		July 28, 2012
Numerator:
Net income	$	14,951	$	13,373	$	24,140	$	25,999
Denominator:
Weighted-average number of common shares (basic)		40,603		40,532		40,592		40,524
Dilutive effect of stock-based awards		20		36		32		33

Weighted-average number of common shares (diluted)		40,623		40,568		40,624		40,557

Earnings per share:
Basic	$	0.37	$	0.33	$	0.59	$	0.64

Diluted	$	0.37	$	0.33	$	0.59	$	0.64

As of August 3, 2013 and July 28, 2012, there was an immaterial number of additional shares issuable upon the vesting of restricted stock units that were excluded from the diluted share calculations because they were anti-dilutive.

Fair Value of Financial Instruments

26 Months Ended

Aug. 03, 2013

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

3.	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 Consolidated Balance Sheets for cash and cash equivalents, receivables, other current assets, and payables as of August 3, 2013, and July 28, 2012, approximated their fair values.

The carrying amount for the amended and restated credit agreement (“credit agreement”) approximated its fair value at July 28, 2012 as the interest rates of these borrowings fluctuate with the market. The credit agreement falls within Level 2 of the fair value hierarchy.

- 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

Inventories

26 Months Ended

Aug. 03, 2013

Inventory Disclosure [Abstract]

Inventories

4.	Inventories

The components of inventories were as follows (in thousands):


	August 3, 2013		February 2, 2013
Raw materials	$	19,441	$	19,490
Work in process		908		836
Finished goods		122,515		111,236

Total inventories	$	142,864	$	131,562

Debt

26 Months Ended

Aug. 03, 2013

Debt Disclosure [Abstract]

Debt

Debt

Long-term debt consisted of the following (in thousands):


	August 3, 2013		February 2, 2013
Financial-institution debt	$	—	$	15,000
Other borrowings		—		95

		—		15,095
Less: Current maturities		—		58

	$	—	$	15,037

During the quarter ended August 3, 2013, the interest rate on outstanding borrowings under the Company’s $125.0 million credit agreement was 1.30%, and the Company had borrowing availability of $125.0 million under the agreement.

Income Taxes

26 Months Ended

Aug. 03, 2013

Income Tax Disclosure [Abstract]

Income Taxes

6.	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. Significant 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 August 3, 2013, was 37.7%, compared to 38.2% for the thirteen weeks ended July 28, 2012.

The effective tax rate for the twenty-six weeks ended August 3, 2013, was 38.2%, compared to 38.5% for the twenty-six weeks ended July 28, 2012.

Stock-Based Compensation

26 Months Ended

Aug. 03, 2013

Compensation And Retirement Disclosure [Abstract]

Stock-Based Compensation

7.	Stock-Based Compensation

The Company accounts for stock-based compensation under the fair-value recognition provisions of ASC 718, Stock Compensation. Under these provisions, for its awards of restricted stock and restricted stock units, the Company recognizes share-based compensation expense in an amount equal to the fair market value of the underlying stock on the grant date of the respective award.

The Company reserved 6,076,001 shares of common stock for issuance or transfer under the 2010 Equity and Incentive Plan, which allows for grants of restricted stock units as well as other equity awards.

Awards of Restricted Stock Units

During the thirteen weeks ended August 3, 2013, the Company did not grant any time-based restricted stock units under the 2010 Equity and Incentive Plan compared to a total of 3,158 time-based restricted stock units with an aggregate fair value of $0.1 million granted in the same period of the prior year.

During the twenty-six weeks ended August 3, 2013, the Company granted a total of 244,814 time-based and performance-based restricted stock units with an aggregate fair value of $5.8 million to certain employees and non-employee directors under the 2010 Equity and Incentive Plan compared to a total of 177,512 time-based and performance-based restricted stock units with an aggregate fair value of $5.3 million granted in the same period of the prior year. The Company determined the fair value of the awards based on the closing price of the Company’s common stock on the grant date.

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. The Company is recognizing the expense relating to these units, net of estimated forfeitures, on a straight-line basis over three years. Beginning in fiscal 2014, all restricted stock awards issued to non-employee Directors vest after a one-year period from grant date. The Company is recognizing the expense relating to these units, net of estimated forfeitures, on a straight-line basis over one year.

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 the three-year performance period and the Company’s achievement of annual net income targets during the three-year performance period. The Company is recognizing the expense relating to these units, net of estimated forfeitures and based on the probable outcome of achievement of the net income targets, on a straight-line basis over three years.

The following table sets forth a summary of restricted stock unit activity for the period ended August 3, 2013 (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 February 2, 2013		150		$	34.71		76		$	29.62
Granted		139			23.72		105			23.63
Vested		(58	)		35.97		—			—
Forfeited		(4	)		28.25		(3	)		26.25

Nonvested units outstanding at August 3, 2013		227		$	27.76		178		$	26.13

As of August 3, 2013, there was $6.6 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 2.0 years.

Commitments and Contingencies

26 Months Ended

Aug. 03, 2013

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

8.	Commitments and Contingencies

The Company is subject to various claims and contingencies arising in the normal course of business, including those relating to product liability, legal, employee benefit, environmental, and other matters. Management believes that it is not reasonably possible that any of these claims will have a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

Segment Reporting

26 Months Ended

Aug. 03, 2013

Segment Reporting [Abstract]

Segment Reporting

9.	Segment Reporting

The Company has two operating segments, which are also its reportable segments: Direct and Indirect. 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 Direct segment includes the Company’s full-price and outlet stores, department store locations in Japan, the Company’s websites, verabradley.com and verabradley.co.jp, and the annual outlet sale. Revenues generated through this segment are driven through the sale of Company-branded products from Vera Bradley to end consumers. The Indirect segment represents revenues generated through the distribution of Company-branded products to approximately 3,400 specialty retailers, substantially all of which are located in the United States, as well as select department stores, national accounts and third party e-commerce sites. Corporate costs represent the Company’s administrative expenses, which include, but are not limited to: human resources, legal, finance, information technology, design, merchandising, and various other corporate-level-activity-related expenses. 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 consisted of the following (in thousands):


	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	August 3, 2013			July 28, 2012			August 3, 2013			July 28, 2012
Segment net revenues:
Direct	$	75,016		$	65,692		$	148,703		$	124,917
Indirect		50,356			57,345			99,702			115,321

Total	$	125,372		$	123,037		$	248,405		$	240,238

Segment operating income:
Direct	$	19,118		$	16,252		$	36,083		$	31,631
Indirect		21,806			23,664			39,545			46,102

Total	$	40,924		$	39,916		$	75,628		$	77,733

Reconciliation:
Segment operating income	$	40,924		$	39,916		$	75,628		$	77,733
Less:
Unallocated corporate expenses		(16,857	)		(18,117	)		(36,371	)		(35,124	)

Operating income	$	24,067		$	21,799		$	39,257		$	42,609

- 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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Description of the Company and Basis of Presentation (Policies)	26 Months Ended
	Aug. 03, 2013
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. The Company has eliminated intercompany balances and transactions in consolidation.
Fiscal Periods	Fiscal Periods The Company’s fiscal year ends on the Saturday closest to January 31. References to the fiscal quarters ended August 3, 2013, and July 28, 2012, refer to the thirteen-week periods ended on those dates.

- Definition

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

+ References + Details

- Definition

Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed.

+ References + Details

Earnings Per Share (Tables)

26 Months Ended

Aug. 03, 2013

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				Twenty-Six Weeks Ended
	August 3, 2013		July 28, 2012		August 3, 2013		July 28, 2012
Numerator:
Net income	$	14,951	$	13,373	$	24,140	$	25,999
Denominator:
Weighted-average number of common shares (basic)		40,603		40,532		40,592		40,524
Dilutive effect of stock-based awards		20		36		32		33

Weighted-average number of common shares (diluted)		40,623		40,568		40,624		40,557

Earnings per share:
Basic	$	0.37	$	0.33	$	0.59	$	0.64

Diluted	$	0.37	$	0.33	$	0.59	$	0.64

Inventories (Tables)

26 Months Ended

Aug. 03, 2013

Inventory Disclosure [Abstract]

Components of Inventories

The components of inventories were as follows (in thousands):


	August 3, 2013		February 2, 2013
Raw materials	$	19,441	$	19,490
Work in process		908		836
Finished goods		122,515		111,236

Total inventories	$	142,864	$	131,562

Debt (Tables)

26 Months Ended

Aug. 03, 2013

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consisted of the following (in thousands):


	August 3, 2013		February 2, 2013
Financial-institution debt	$	—	$	15,000
Other borrowings		—		95

		—		15,095
Less: Current maturities		—		58

	$	—	$	15,037

Stock-Based Compensation (Tables)

26 Months Ended

Aug. 03, 2013

Compensation And Retirement Disclosure [Abstract]

Summary of Restricted-Stock Awards and Restricted-Stock Units

The following table sets forth a summary of restricted stock unit activity for the period ended August 3, 2013 (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 February 2, 2013		150		$	34.71		76		$	29.62
Granted		139			23.72		105			23.63
Vested		(58	)		35.97		—			—
Forfeited		(4	)		28.25		(3	)		26.25

Nonvested units outstanding at August 3, 2013		227		$	27.76		178		$	26.13

Segment Reporting (Tables)

26 Months Ended

Aug. 03, 2013

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 consisted of the following (in thousands):


	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	August 3, 2013			July 28, 2012			August 3, 2013			July 28, 2012
Segment net revenues:
Direct	$	75,016		$	65,692		$	148,703		$	124,917
Indirect		50,356			57,345			99,702			115,321

Total	$	125,372		$	123,037		$	248,405		$	240,238

Segment operating income:
Direct	$	19,118		$	16,252		$	36,083		$	31,631
Indirect		21,806			23,664			39,545			46,102

Total	$	40,924		$	39,916		$	75,628		$	77,733

Reconciliation:
Segment operating income	$	40,924		$	39,916		$	75,628		$	77,733
Less:
Unallocated corporate expenses		(16,857	)		(18,117	)		(36,371	)		(35,124	)

Operating income	$	24,067		$	21,799		$	39,257		$	42,609

Description of the Company and Basis of Presentation - Additional Information (Detail)	6 Months Ended
	Aug. 03, 2013 Segment Vendor Store
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of specialty retailers \| Vendor	3,400
Number of full-price stores	80
Number of outlet stores	14
Number of reportable segments \| Segment	2

Earnings Per Share - Components of Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2013	Jul. 28, 2012	Aug. 03, 2013	Jul. 28, 2012
Earnings Per Share [Abstract]
Net income	$ 14,951	$ 13,373	$ 24,140	$ 25,999
Weighted-average number of common shares (basic)	40,603	40,532	40,592	40,524
Dilutive effect of stock-based awards	20	36	32	33
Weighted-average number of common shares (diluted)	40,623	40,568	40,624	40,557
Basic	$ 0.37	$ 0.33	$ 0.59	$ 0.64
Diluted	$ 0.37	$ 0.33	$ 0.59	$ 0.64

- Definition

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

+ References + Details

- Definition

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

+ References

+ Details

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Aug. 03, 2013	Feb. 02, 2013
Inventory Disclosure [Abstract]
Raw materials	$ 19,441	$ 19,490
Work in process	908	836
Finished goods	122,515	111,236
Total inventories	$ 142,864	$ 131,562

Debt - Schedule of Long-Term Debt (Detail) - USD ($) $ in Thousands	Aug. 03, 2013	Feb. 02, 2013
Debt Disclosure [Abstract]
Financial-institution debt		$ 15,000
Other borrowings		95
Total long-term debt, gross		15,095
Less: Current maturities		58
Total long term debt, net		$ 15,037

Debt - Additional Information (Detail) $ in Millions	Aug. 03, 2013 USD ($)
Debt Disclosure [Abstract]
Outstanding borrowings under the credit agreement	$ 125.0
Interest rate of the outstanding borrowings	1.30%
Available borrowings under the credit agreement	$ 125.0

Income Taxes - Additional Information (Detail)	3 Months Ended		6 Months Ended
Income Taxes - Additional Information (Detail)	Aug. 03, 2013	Jul. 28, 2012	Aug. 03, 2013	Jul. 28, 2012
Income Tax Disclosure [Abstract]
Effective income tax rate	37.70%	38.20%	38.20%	38.50%

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2013	Jul. 28, 2012	Aug. 03, 2013	Jul. 28, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognition period of expense relating to awards, years			3 years
Performance-based restricted stock units vesting period, years			3 years
Total unrecognized compensation cost, net of estimated forfeitures, related to nonvested restricted stock units	$ 6.6		$ 6.6
Weighted average period to recognize the total unrecognized compensation cost			2 years
2010 Equity and Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock shares	6,076,001		6,076,001
2010 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	0	3,158	244,814	177,512
Restricted-stock awards/units with an aggregate grant-date fair value		$ 0.1	$ 5.8	$ 5.3

Stock-Based Compensation - Summary of Restricted-Stock Awards and Restricted-Stock Units (Detail) shares in Thousands	6 Months Ended
	Aug. 03, 2013 $ / shares shares
Time-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Grant Date Fair Value (per unit), ending balance \| $ / shares	$ 27.76
Weighted-Average Grant Date Fair Value (per unit), beginning balance \| $ / shares	34.71
Granted, Weighted-Average Grant Date Fair Value (per unit) \| $ / shares	23.72
Vested, Weighted-Average Grant Date Fair Value (per unit) \| $ / shares	35.97
Forfeited, Weighted-Average Grant Date Fair Value (per unit) \| $ / shares	$ 28.25
Nonvested units outstanding, beginning balance \| shares	150
Granted, Number of Units \| shares	139
Vested, Number of Units \| shares	(58)
Forfeited, Number of Units \| shares	(4)
Nonvested units outstanding, ending balance \| shares	227
Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Grant Date Fair Value (per unit), ending balance \| $ / shares	$ 26.13
Weighted-Average Grant Date Fair Value (per unit), beginning balance \| $ / shares	29.62
Granted, Weighted-Average Grant Date Fair Value (per unit) \| $ / shares	23.63
Forfeited, Weighted-Average Grant Date Fair Value (per unit) \| $ / shares	$ 26.25
Nonvested units outstanding, beginning balance \| shares	76
Granted, Number of Units \| shares	105
Forfeited, Number of Units \| shares	(3)
Nonvested units outstanding, ending balance \| shares	178

Segment Reporting - Additional Information (Detail)	6 Months Ended
Segment Reporting - Additional Information (Detail)	Aug. 03, 2013 Segment Vendor
Segment Reporting [Abstract]
Number of operating segments \| Segment	2
Number of specialty retailers \| Vendor	3,400

Segment Reporting - Schedule of Net Revenues and Operating Income Information for Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2013	Jul. 28, 2012	Aug. 03, 2013	Jul. 28, 2012
Segment Reporting Information [Line Items]
Segment net revenues	$ 125,372	$ 123,037	$ 248,405	$ 240,238
Segment operating income	40,924	39,916	75,628	77,733
Unallocated corporate expenses	(16,857)	(18,117)	(36,371)	(35,124)
Operating income	24,067	21,799	39,257	42,609
Operating Segments [Member] \| Direct [Member]
Segment Reporting Information [Line Items]
Segment net revenues	75,016	65,692	148,703	124,917
Segment operating income	19,118	16,252	36,083	31,631
Operating Segments [Member] \| Indirect [Member]
Segment Reporting Information [Line Items]
Segment net revenues	50,356	57,345	99,702	115,321
Segment operating income	$ 21,806	$ 23,664	$ 39,545	$ 46,102