2017 Q4 Form 10-K Financial Statement

#000156459018007158 Filed on March 29, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $592.5M $615.3M $562.1M
YoY Change 7.85% 13.24% 23.41%
Cost Of Revenue $378.1M $409.5M $391.8M
YoY Change 1.23% 12.64% 19.46%
Gross Profit $214.3M $205.8M $170.3M
YoY Change 21.9% 14.44% 33.56%
Gross Profit Margin 36.17% 33.45% 30.29%
Selling, General & Admin $171.2M $193.7M $163.4M
YoY Change 6.73% 22.73% 17.6%
% of Gross Profit 79.88% 94.11% 95.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.60M $16.50M $16.00M
YoY Change 24.0% 21.32% 26.98%
% of Gross Profit 8.68% 8.02% 9.4%
Operating Expenses $171.2M $193.7M $163.4M
YoY Change 6.73% 22.73% 17.6%
Operating Profit $43.13M $12.11M $6.856M
YoY Change 179.69% -44.98% -159.75%
Interest Expense -$14.80M -$10.30M -$8.000M
YoY Change 85.0% -194.42% -175.99%
% of Operating Profit -34.32% -85.03% -116.69%
Other Income/Expense, Net -$4.100M -$4.100M -$4.200M
YoY Change 32.26% 24.24% 35.48%
Pretax Income $19.40M -$2.300M -$5.300M
YoY Change 351.16% -120.71% -75.91%
Income Tax $6.200M $5.600M -$1.900M
% Of Pretax Income 31.96%
Net Earnings $13.15M -$7.862M -$3.370M
YoY Change 422.49% -213.65% -74.98%
Net Earnings / Revenue 2.22% -1.28% -0.6%
Basic Earnings Per Share $0.62 -$0.28 -$0.09
Diluted Earnings Per Share $0.56 -$0.28 -$0.09
COMMON SHARES
Basic Shares Outstanding 21.22M 28.40M 37.61M
Diluted Shares Outstanding 23.54M 28.40M 37.61M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.20M $21.60M $80.20M
YoY Change -90.16% -89.64% -76.22%
Cash & Equivalents $22.16M $21.64M $80.15M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $69.40M $66.60M $101.7M
YoY Change -36.74% -28.16% 0.39%
Inventory $557.3M $608.0M $684.0M
Prepaid Expenses
Receivables $34.40M $34.80M $34.10M
Other Receivables $5.600M $11.00M $14.70M
Total Short-Term Assets $689.0M $742.1M $914.7M
YoY Change -39.75% -35.39% -26.35%
LONG-TERM ASSETS
Property, Plant & Equipment $778.3M $744.5M $702.7M
YoY Change 18.54% 23.94% 25.83%
Goodwill $175.6M
YoY Change
Intangibles $100.7M
YoY Change
Long-Term Investments $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Assets $28.76M $56.50M $56.10M
YoY Change -42.83% 104.47% 105.48%
Total Long-Term Assets $1.113B $1.077B $1.034B
YoY Change 10.76% 14.67% 28.16%
TOTAL ASSETS
Total Short-Term Assets $689.0M $742.1M $914.7M
Total Long-Term Assets $1.113B $1.077B $1.034B
Total Assets $1.802B $1.819B $1.948B
YoY Change -16.13% -12.87% -4.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.9M $160.5M $124.6M
YoY Change 7.72% 22.56% -16.08%
Accrued Expenses $123.9M $118.0M $111.4M
YoY Change 13.05% 28.4% 10.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.986M
YoY Change 1895.33%
Total Short-Term Liabilities $469.8M $495.7M $443.9M
YoY Change 14.26% 22.48% 9.75%
LONG-TERM LIABILITIES
Long-Term Debt $79.47M $1.289B $802.9M
YoY Change -89.55% 79.92% 13.55%
Other Long-Term Liabilities $5.770M $6.148M $6.146M
YoY Change 122.69% -91.67% 376.43%
Total Long-Term Liabilities $85.24M $6.148M $6.146M
YoY Change 3189.89% -99.22% 376.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $469.8M $495.7M $443.9M
Total Long-Term Liabilities $85.24M $6.148M $6.146M
Total Liabilities $555.0M $1.866B $1.326B
YoY Change -55.45% 56.15% 13.4%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$25.30M -$46.80M $622.8M
YoY Change
Total Liabilities & Shareholders Equity $1.802B $1.819B $1.948B
YoY Change -16.45% -12.89% -5.0%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $13.15M -$7.862M -$3.370M
YoY Change 422.49% -213.65% -74.98%
Depreciation, Depletion And Amortization $18.60M $16.50M $16.00M
YoY Change 24.0% 21.32% 26.98%
Cash From Operating Activities $75.70M $190.5M $123.9M
YoY Change 38.64% 1033.93% -237.11%
INVESTING ACTIVITIES
Capital Expenditures -$47.50M -$35.50M -$21.20M
YoY Change 43.5% 37.6% -146.82%
Acquisitions
YoY Change
Other Investing Activities $0.00 $10.20M $180.7M
YoY Change -100.0% -105.5% 374.28%
Cash From Investing Activities -$47.50M -$25.30M $159.5M
YoY Change 5.79% -88.02% -2285.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $300.1M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.90M -229.0M -299.1M
YoY Change -9400.0% 8707.69%
NET CHANGE
Cash From Operating Activities 75.70M 190.5M 123.9M
Cash From Investing Activities -47.50M -25.30M 159.5M
Cash From Financing Activities -27.90M -229.0M -299.1M
Net Change In Cash 300.0K -63.80M -15.61M
YoY Change -97.0% -67.61% -84.02%
FREE CASH FLOW
Cash From Operating Activities $75.70M $190.5M $123.9M
Capital Expenditures -$47.50M -$35.50M -$21.20M
Free Cash Flow $123.2M $226.0M $145.1M
YoY Change 40.48% 430.52% -206.98%

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ProceedsFromStockOptionsExercised
25606000
CY2016 rh Noncash Or Part Noncash Acquisition Sale Leaseback
NoncashOrPartNoncashAcquisitionSaleLeaseback
-74855000
CY2018 rh Noncash Or Part Cash Additions From Use Of Construction Related Deposits
NoncashOrPartCashAdditionsFromUseOfConstructionRelatedDeposits
35024000
CY2017 rh Noncash Or Part Cash Additions From Use Of Construction Related Deposits
NoncashOrPartCashAdditionsFromUseOfConstructionRelatedDeposits
10720000
CY2016 rh Noncash Or Part Cash Additions From Use Of Construction Related Deposits
NoncashOrPartCashAdditionsFromUseOfConstructionRelatedDeposits
13915000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25182000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9201000
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
12108000
CY2018 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
847000
CY2016 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
88000
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOTE 1&#8212;NATURE OF BUSINESS </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">RH, a Delaware corporation, together with its subsidiaries (collectively, the &#8220;Company&#8221;), is a luxury home furnishings retailer that offers a growing number of categories, including furniture, lighting, textiles, bathware, d&#233;cor, outdoor and garden, tableware, and child and teen furnishings. These products are sold through the Company&#8217;s stores, catalogs and websites.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On May 27, 2016, the Company acquired a controlling interest in Design Investors WW Acquisition Company, LLC, which owns the business operating under the name &#8220;Waterworks.&#8221; Refer to Note 4&#8212;<font style="font-style:italic;">Business Combination</font>.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of February 3, 2018, the Company operated a total of 83 retail Galleries and 32 outlet stores in 32 states, the District of Columbia and Canada, and includes 15 Waterworks Showrooms in the United States and in the U.K., and had sourcing operations in Shanghai and Hong Kong. </p></div>
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Company maintains its cash and cash equivalent accounts in financial institutions in both U.S. dollar and Canadian dollar denominations. Accounts at the U.S. institutions are insured by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) up to $250,000 and accounts at the Canadian institutions are insured by the Canada Deposit Insurance Corporation (&#8220;CDIC&#8221;) up to $100,000 Canadian dollars. As of February 3, 2018 and January 28, 2017, and at various time throughout these fiscal years, the Company had cash in financial institutions in excess of the amount insured by the FDIC and CDIC. The Company performs ongoing evaluations of these institutions to limit its concentration of credit risk. </p></div>
CY2018 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Fiscal Years </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Company&#8217;s fiscal year ends on the Saturday closest to January&#160;31. As a result, the Company&#8217;s fiscal year may include 53 weeks. The fiscal year ended February 3, 2018 (&#8220;fiscal 2017&#8221;) consisted of 53 weeks. The fiscal years ended January 28, 2017 (&#8220;fiscal 2016&#8221;), and January 30, 2016 (&#8220;fiscal 2015&#8221;) each consisted of 52 weeks.</p></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Accounting Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of the Company&#8217;s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and such differences could be material to the consolidated financial statements. </p></div>
CY2018 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:8pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Deferred Revenue and Customer Deposits </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Deferred revenue primarily represents the revenue associated with orders that have been shipped by the Company to its customers but have not yet been received by the customer. As the Company recognizes revenue when the merchandise is received by its customers, it is included as deferred revenue on the consolidated balance sheets while in-transit. Deferred revenue also includes the unrecognized portion of the annual RH Members Program fee. The annual membership fee is recorded as deferred revenue when collected from customers and is recognized as revenue on a straight-line basis over the membership period, or one year.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Customer deposits represent payments made by customers on custom orders. At the time of purchase the Company collects deposits for all custom orders equivalent to 50% of the customer purchase price. Custom order deposits are recognized as revenue when the merchandise is received by the customer.</p></div>
CY2018 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0
CY2017 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0
CY2016 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0
CY2018 us-gaap Dividends
Dividends
0
CY2018Q1 rh Number Of Retail Galleries
NumberOfRetailGalleries
83
CY2018Q1 rh Number Of Outlet Stores
NumberOfOutletStores
32
CY2018Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
32
CY2018Q1 rh Number Of Waterworks Showrooms
NumberOfWaterworksShowrooms
15
CY2018 rh Cash Equivalents Maturity Period Of Highly Liquid Investments
CashEquivalentsMaturityPeriodOfHighlyLiquidInvestments
90 days or less
CY2018 rh Investment Maturity Period
InvestmentMaturityPeriod
P91D
CY2018 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
300000
CY2017 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2300000
CY2016 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1500000
CY2018 us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
100000
CY2017 us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
300000
CY2016 us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
100000
CY2018 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
100000
CY2017 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
1300000
CY2016 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
1200000
CY2017 us-gaap Dividends
Dividends
0
CY2016 us-gaap Dividends
Dividends
0
CY2018Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2017Q1 rh Cash Cdic Insured Amount
CashCDICInsuredAmount
100000
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AllowanceForDoubtfulAccountsReceivableCurrent
1800000
CY2017Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2400000
CY2018Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
31400000
CY2017Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
33200000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
106600000
CY2017 us-gaap Advertising Expense
AdvertisingExpense
79800000
CY2016 us-gaap Advertising Expense
AdvertisingExpense
107700000
CY2018 rh Amortization Period
AmortizationPeriod
P12M
CY2018Q1 rh Capitalized Catalog Costs Included In Prepaid Expenses And Other Current Assets
CapitalizedCatalogCostsIncludedInPrepaidExpensesAndOtherCurrentAssets
44122000
CY2017Q1 rh Capitalized Catalog Costs Included In Prepaid Expenses And Other Current Assets
CapitalizedCatalogCostsIncludedInPrepaidExpensesAndOtherCurrentAssets
61258000
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3300000
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2400000
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2300000
CY2018 rh Capitalized Interest Related To Amortization Of Convertible Notes Debt Discount
CapitalizedInterestRelatedToAmortizationOfConvertibleNotesDebtDiscount
3300000
CY2017 rh Capitalized Interest Related To Amortization Of Convertible Notes Debt Discount
CapitalizedInterestRelatedToAmortizationOfConvertibleNotesDebtDiscount
2400000
CY2016 rh Capitalized Interest Related To Amortization Of Convertible Notes Debt Discount
CapitalizedInterestRelatedToAmortizationOfConvertibleNotesDebtDiscount
2300000
CY2018 rh Land Rent Expense Threshold For Capital Lease
LandRentExpenseThresholdForCapitalLease
0.25
CY2018 rh Percentage Of Estimated Fair Value Towards Income Approach
PercentageOfEstimatedFairValueTowardsIncomeApproach
0.80
CY2018 rh Percentage Of Estimated Fair Value Towards Market Approach
PercentageOfEstimatedFairValueTowardsMarketApproach
0.20
CY2018 rh Percentage Of Fair Value Of Trademarks In Excess Of Book Value
PercentageOfFairValueOfTrademarksInExcessOfBookValue
0.26
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2017 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2018 rh Additional Impairment Of Corporate Assets And Other Long Lived Assets Held For Use
AdditionalImpairmentOfCorporateAssetsAndOtherLongLivedAssetsHeldForUse
0
CY2017 rh Additional Impairment Of Corporate Assets And Other Long Lived Assets Held For Use
AdditionalImpairmentOfCorporateAssetsAndOtherLongLivedAssetsHeldForUse
0
CY2016 rh Additional Impairment Of Corporate Assets And Other Long Lived Assets Held For Use
AdditionalImpairmentOfCorporateAssetsAndOtherLongLivedAssetsHeldForUse
0
CY2017Q2 us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
5200000
CY2017Q2 rh Costs Incurred In Disposal Of Assets
CostsIncurredInDisposalOfAssets
300000
CY2017Q1 rh Liability For Lease Losses
LiabilityForLeaseLosses
3188000
CY2018 rh Liability For Lease Losses Payments For Under Lease Agreement
LiabilityForLeaseLossesPaymentsForUnderLeaseAgreement
1699000
CY2018 rh Liability For Lease Losses Payments Received Under Sublease Agreement
LiabilityForLeaseLossesPaymentsReceivedUnderSubleaseAgreement
1003000
CY2018 rh Liability For Lease Losses Re Measurement
LiabilityForLeaseLossesReMeasurement
4417000
CY2018 rh Liability For Lease Losses Interest
LiabilityForLeaseLossesInterest
191000
CY2018Q1 rh Liability For Lease Losses
LiabilityForLeaseLosses
7100000
CY2017Q1 rh Allowances For Sales Returns And Discounts
AllowancesForSalesReturnsAndDiscounts
10077000
CY2016Q1 rh Allowances For Sales Returns And Discounts
AllowancesForSalesReturnsAndDiscounts
12688000
CY2015Q1 rh Allowances For Sales Returns And Discounts
AllowancesForSalesReturnsAndDiscounts
10235000
CY2018 rh Provision For Sales Returns
ProvisionForSalesReturns
108134000
CY2017 rh Provision For Sales Returns
ProvisionForSalesReturns
106508000
CY2016 rh Provision For Sales Returns
ProvisionForSalesReturns
104028000
CY2018 rh Actual Sales Returns
ActualSalesReturns
107646000
CY2017 rh Actual Sales Returns
ActualSalesReturns
109642000
CY2016 rh Actual Sales Returns
ActualSalesReturns
101575000
CY2018Q1 rh Allowances For Sales Returns And Discounts
AllowancesForSalesReturnsAndDiscounts
10565000
CY2018 rh Revenue Recognized On Straight Line Basis Over The Membership Period
RevenueRecognizedOnStraightLineBasisOverTheMembershipPeriod
P1Y
CY2018 rh Percentage Of Customer Deposits On Purchase Price
PercentageOfCustomerDepositsOnPurchasePrice
0.50
CY2018 rh Revenue Recognition Gift Cards Certificates And Merchandise Credits Breakage
RevenueRecognitionGiftCardsCertificatesAndMerchandiseCreditsBreakage
3000000
CY2017 rh Revenue Recognition Gift Cards Certificates And Merchandise Credits Breakage
RevenueRecognitionGiftCardsCertificatesAndMerchandiseCreditsBreakage
3000000
CY2016 rh Revenue Recognition Gift Cards Certificates And Merchandise Credits Breakage
RevenueRecognitionGiftCardsCertificatesAndMerchandiseCreditsBreakage
2000000
CY2018Q1 us-gaap Liability For Claims And Claims Adjustment Expense Disability Accident And Health
LiabilityForClaimsAndClaimsAdjustmentExpenseDisabilityAccidentAndHealth
2700000
CY2017Q1 us-gaap Liability For Claims And Claims Adjustment Expense Disability Accident And Health
LiabilityForClaimsAndClaimsAdjustmentExpenseDisabilityAccidentAndHealth
2800000
CY2018Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
3300000
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.00
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.00
CY2016 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.00
CY2018 rh Lease Expiration Year
LeaseExpirationYear
2035
CY2018Q1 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
1424000
CY2018Q1 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
1458000
CY2018Q1 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
1382000
CY2018Q1 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
1227000
CY2017Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
3100000
CY2017Q1 rh Other Deposits Noncurrent
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4706000
CY2018Q1 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
7893000
CY2018Q1 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
14651000
CY2018Q1 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
6671000
CY2018Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
7980000
CY2018Q1 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
471000
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
89304000
CY2018Q1 rh Operating Capital And Build To Suit Leases Future Minimum Payments Current
OperatingCapitalAndBuildToSuitLeasesFutureMinimumPaymentsCurrent
127808000
CY2018Q1 rh Operating Capital And Build To Suit Leases Future Minimum Payments Two Years
OperatingCapitalAndBuildToSuitLeasesFutureMinimumPaymentsTwoYears
117560000
CY2018Q1 rh Operating Capital And Build To Suit Leases Future Minimum Payments Three Years
OperatingCapitalAndBuildToSuitLeasesFutureMinimumPaymentsThreeYears
110580000
CY2018Q1 rh Operating Capital And Build To Suit Leases Future Minimum Payments Four Years
OperatingCapitalAndBuildToSuitLeasesFutureMinimumPaymentsFourYears
102693000
CY2018Q1 rh Operating Capital And Build To Suit Leases Future Minimum Payments Five Years
OperatingCapitalAndBuildToSuitLeasesFutureMinimumPaymentsFiveYears
97717000
CY2018Q1 rh Operating Capital And Build To Suit Leases Future Minimum Payments Thereafter
OperatingCapitalAndBuildToSuitLeasesFutureMinimumPaymentsThereafter
916567000
CY2018Q1 rh Operating Capital And Build To Suit Leases Future Minimum Payments Due
OperatingCapitalAndBuildToSuitLeasesFutureMinimumPaymentsDue
1472925000
CY2018 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
91152000
CY2017 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
87520000
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
76246000
CY2018 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
8063000
CY2017 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
7140000
CY2016 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
10209000
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OperatingLeasesRentExpenseNet
99215000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
94660000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
86455000
CY2018 rh Build To Suit Lease Rent Expense Minimum Rent
BuildToSuitLeaseRentExpenseMinimumRent
32256000
CY2017 rh Build To Suit Lease Rent Expense Minimum Rent
BuildToSuitLeaseRentExpenseMinimumRent
16066000
CY2016 rh Build To Suit Lease Rent Expense Minimum Rent
BuildToSuitLeaseRentExpenseMinimumRent
12755000
CY2018 rh Build To Suit Lease Rent Expense Contingent Rent
BuildToSuitLeaseRentExpenseContingentRent
833000
CY2017 rh Build To Suit Lease Rent Expense Contingent Rent
BuildToSuitLeaseRentExpenseContingentRent
726000
CY2016 rh Build To Suit Lease Rent Expense Contingent Rent
BuildToSuitLeaseRentExpenseContingentRent
442000
CY2018 rh Build To Suit Lease Rent Expense Net
BuildToSuitLeaseRentExpenseNet
33089000
CY2017 rh Build To Suit Lease Rent Expense Net
BuildToSuitLeaseRentExpenseNet
16792000
CY2016 rh Build To Suit Lease Rent Expense Net
BuildToSuitLeaseRentExpenseNet
13197000
CY2018 rh Build To Suit Lease Transaction Interest Expense
BuildToSuitLeaseTransactionInterestExpense
15400000
CY2017 rh Build To Suit Lease Transaction Interest Expense
BuildToSuitLeaseTransactionInterestExpense
12100000
CY2016 rh Build To Suit Lease Transaction Interest Expense
BuildToSuitLeaseTransactionInterestExpense
9900000
CY2018 rh Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
7000000
CY2018 rh Tax Cuts And Jobs Act Incomplete Accounting Change In Tax Rate Provisional Income Tax Expense Benefit
TaxCutsAndJobsActIncompleteAccountingChangeInTaxRateProvisionalIncomeTaxExpenseBenefit
6000000
CY2018 rh Tax Cuts And Jobs Act Of2017 Incomplete Accounting Transition Tax On Reinvested Foreign Earnings And Accelerated Depreciation Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingTransitionTaxOnReinvestedForeignEarningsAndAcceleratedDepreciationProvisionalIncomeTaxExpense
1000000
CY2018Q1 us-gaap Deposits Assets Current
DepositsAssetsCurrent
9701000
CY2017Q1 us-gaap Deposits Assets Current
DepositsAssetsCurrent
13276000
CY2017Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
13124000
CY2018Q1 rh Prepaid Expense And Other Current Assets
PrepaidExpenseAndOtherCurrentAssets
14762000
CY2017Q1 rh Prepaid Expense And Other Current Assets
PrepaidExpenseAndOtherCurrentAssets
29504000
CY2018Q1 rh Construction Deposits Noncurrent
ConstructionDepositsNoncurrent
7407000
CY2017Q1 rh Construction Deposits Noncurrent
ConstructionDepositsNoncurrent
28044000
CY2018Q1 rh Other Deposits Noncurrent
OtherDepositsNoncurrent
4997000
CY2018Q1 us-gaap Deferred Finance Costs Noncurrent Net
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4446000
CY2017Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
1530000
CY2018Q1 us-gaap Other Assets Miscellaneous Noncurrent
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4482000
CY2017Q1 us-gaap Other Assets Miscellaneous Noncurrent
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1889000
CY2018Q1 us-gaap Property Plant And Equipment Gross
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1083837000
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
916159000
CY2018Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
283139000
CY2017Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
234103000
CY2018 us-gaap Depreciation
Depreciation
70000000
CY2017 us-gaap Depreciation
Depreciation
56900000
CY2016 us-gaap Depreciation
Depreciation
44200000
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AccountsPayableCurrent
195313000
CY2017Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
134720000
CY2018Q1 us-gaap Employee Related Liabilities Current
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47534000
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
26886000
CY2018Q1 rh Accrued Freight Current
AccruedFreightCurrent
23757000
CY2017Q1 rh Accrued Freight Current
AccruedFreightCurrent
27955000
CY2018Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
19525000
CY2017Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
14908000
CY2018Q1 rh Accrued Catalog Expense Current
AccruedCatalogExpenseCurrent
9000000
CY2017Q1 rh Accrued Catalog Expense Current
AccruedCatalogExpenseCurrent
3874000
CY2018Q1 rh Accrued Occupancy Expense Current
AccruedOccupancyExpenseCurrent
8612000
CY2017Q1 rh Accrued Occupancy Expense Current
AccruedOccupancyExpenseCurrent
8137000
CY2018Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3555000
CY2017Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2082000
CY2018Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11469000
CY2017Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8418000
CY2018Q1 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
24138000
CY2017Q1 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
24524000
CY2018Q1 us-gaap Long Term Debt Current
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6033000
CY2018Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
5391000
CY2017Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
619000
CY2018Q1 us-gaap Product Liability Accrual Component Amount
ProductLiabilityAccrualComponentAmount
1201000
CY2017Q1 us-gaap Product Liability Accrual Component Amount
ProductLiabilityAccrualComponentAmount
4324000
CY2018Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3838000
CY2017Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3727000
CY2018Q1 rh Long Term Notes Payable For Share Repurchases
LongTermNotesPayableForShareRepurchases
19390000
CY2017Q1 rh Long Term Notes Payable For Share Repurchases
LongTermNotesPayableForShareRepurchases
19390000
CY2018Q1 rh Equipment Security Notes
EquipmentSecurityNotes
13864000
CY2018Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
11627000
CY2018Q1 rh Lease Loss Liabilities
LeaseLossLiabilities
9684000
CY2017Q1 rh Lease Loss Liabilities
LeaseLossLiabilities
3188000
CY2018Q1 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
7509000
CY2017Q1 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
7242000
CY2018Q1 rh Deferred Contract Incentive
DeferredContractIncentive
5358000
CY2017Q1 rh Deferred Contract Incentive
DeferredContractIncentive
7739000
CY2018Q1 rh Unrecognized Tax Benefits Liabilities Noncurrent
UnrecognizedTaxBenefitsLiabilitiesNoncurrent
3728000
CY2017Q1 rh Unrecognized Tax Benefits Liabilities Noncurrent
UnrecognizedTaxBenefitsLiabilitiesNoncurrent
2508000
CY2018Q1 rh Rollover Units And Profit Interests
RolloverUnitsAndProfitInterests
2211000
CY2017Q1 rh Rollover Units And Profit Interests
RolloverUnitsAndProfitInterests
1784000
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2996000
CY2017Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2833000
CY2018 rh Incentive Payment Service Agreement Period
IncentivePaymentServiceAgreementPeriod
P5Y
CY2018Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
279970000
CY2018Q1 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
501000
CY2018Q1 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
279469000
CY2018 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Borrowings under the revolving line of credit and LILO term loan facility are subject to interest, at the borrowers’ option, at either the bank’s reference rate or LIBOR (or, in the case of the revolving line of credit, the Bank of America “BA” Rate or the Canadian Prime Rate, as such terms are defined in the credit agreement, for Canadian borrowings denominated in Canadian dollars or the United States Index Rate or LIBOR for Canadian borrowings denominated in United States dollars) plus an applicable margin rate, in each case.
CY2018Q1 rh Availability In Compliance With Fixed Charge Coverage Ratio
AvailabilityInComplianceWithFixedChargeCoverageRatio
40000000
CY2018 rh Percentage Of Lender Commitments Under Credit Agreement For Minimum Fixed Charge Coverage Ratio Threshold
PercentageOfLenderCommitmentsUnderCreditAgreementForMinimumFixedChargeCoverageRatioThreshold
0.10
CY2018 rh Debt Instrument Covenant Fixed Charge Coverage Ratio
DebtInstrumentCovenantFixedChargeCoverageRatio
1
CY2018 us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
In addition, under the credit agreement, the Company is required to meet specified financial ratios in order to undertake certain actions, and the Company may be required to maintain certain levels of excess availability or meet a specified consolidated fixed-charge coverage ratio (“FCCR”). The trigger for the FCCR occurs if the domestic availability under the revolving line of credit is less than the greater of (i) $40.0 million and (ii) 10% of the sum of (a) the lesser of (x) the aggregate revolving commitments under the credit agreement and (y) the aggregate revolving borrowing base, plus (b) the lesser of (x) the then outstanding amount of the LILO term loan or (y) the LILO term loan borrowing base. If the availability under the credit agreement is less than the foregoing amount, then Restoration Hardware, Inc. is required to maintain an FCCR of at least one to one.
CY2018 rh Line Of Credit Facility Minimum Cash Threshold
LineOfCreditFacilityMinimumCashThreshold
40000000
CY2018 rh Percentage Of Commitments Or Borrowing Base Under Credit Agreement For Extensions Of Credit
PercentageOfCommitmentsOrBorrowingBaseUnderCreditAgreementForExtensionsOfCredit
0.10
CY2018 rh Debt Instrument Sweep Cash To Prepayment Of Loan Description
DebtInstrumentSweepCashToPrepaymentOfLoanDescription
The credit agreement requires a daily sweep of all cash receipts and collections to prepay the loans under the agreement while (i) an event of default exists or (ii) the availability under the revolving line of credit for extensions of credit is less than the greater of (A) $40.0 million and (B) 10% of the sum of (a) the lesser of (x) the aggregate revolving commitments under the credit agreement and (y) the aggregate revolving borrowing base, plus (b) the lesser of (x) the then outstanding amount of the LILO term loan or (y) the LILO term loan borrowing base.
CY2018 rh Fixed Charge Coverage Ratio Covenant Percentage Of Borrowing Base
FixedChargeCoverageRatioCovenantPercentageOfBorrowingBase
0.10
CY2018Q1 rh Incremental Borrowing Available After Maintaining Fixed Charge Coverage Ratio
IncrementalBorrowingAvailableAfterMaintainingFixedChargeCoverageRatio
136400000
CY2017Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
8003000
CY2017Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
183892000
CY2017Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
148155000
CY2017Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
33238000
CY2017Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
148170000
CY2017Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
33212000
CY2018Q1 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2017Q1 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2018Q1 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2017Q1 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
28859000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8370000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
148756000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1292000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
184000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1128000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
18593000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
751000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
55676000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2410000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9112000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
933000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
694000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
227000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22287000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3855000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
65015000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6042000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2109000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5691000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2761000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-355000
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2414000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-648000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3000
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-397000
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
105000
CY2018 rh Deferred Income Tax Expense Benefit Continuing Operations
DeferredIncomeTaxExpenseBenefitContinuingOperations
5684000
CY2017 rh Deferred Income Tax Expense Benefit Continuing Operations
DeferredIncomeTaxExpenseBenefitContinuingOperations
-702000
CY2016 rh Deferred Income Tax Expense Benefit Continuing Operations
DeferredIncomeTaxExpenseBenefitContinuingOperations
-6234000
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.337
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.267
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.201
CY2018 rh Effective Income Tax Rate Reconciliation Nondeductible Expense Goodwill Impairment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGoodwillImpairment
0.179
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.048
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.048
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037
CY2018 rh Effective Income Tax Rate Reconciliation Nondeductible Expense Aircraft Expenses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAircraftExpenses
0.036
CY2017 rh Effective Income Tax Rate Reconciliation Nondeductible Expense Aircraft Expenses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAircraftExpenses
0.033
CY2016 rh Effective Income Tax Rate Reconciliation Nondeductible Expense Aircraft Expenses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAircraftExpenses
0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.033
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0.015
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0.050
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0.002
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.014
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.012
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.013
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.028
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.011
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.009
CY2017 rh Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCost
0.026
CY2018 rh Effective Income Tax Rate Reconciliation Stock Compensation Excess Benefits
EffectiveIncomeTaxRateReconciliationStockCompensationExcessBenefits
-0.209
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.009
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.042
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.001
CY2018 rh Effective Income Tax Rate Reconciliation Tax Rate Adjustments
EffectiveIncomeTaxRateReconciliationTaxRateAdjustments
-0.006
CY2017 rh Effective Income Tax Rate Reconciliation Tax Rate Adjustments
EffectiveIncomeTaxRateReconciliationTaxRateAdjustments
-0.058
CY2016 rh Effective Income Tax Rate Reconciliation Tax Rate Adjustments
EffectiveIncomeTaxRateReconciliationTaxRateAdjustments
0.001
CY2018 rh Effective Income Tax Rate Reconciliation Deductions Donation Of Appreciated Property
EffectiveIncomeTaxRateReconciliationDeductionsDonationOfAppreciatedProperty
0.002
CY2017 rh Effective Income Tax Rate Reconciliation Deductions Donation Of Appreciated Property
EffectiveIncomeTaxRateReconciliationDeductionsDonationOfAppreciatedProperty
0.087
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.928
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.369
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.392
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
25047000
CY2017Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
37804000
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
18355000
CY2017Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
25457000
CY2018Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
16132000
CY2017Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
37198000
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
10488000
CY2017Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
18024000
CY2018Q1 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
3313000
CY2017Q1 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
1887000
CY2018Q1 rh Deferred Tax Assets Net Operating Loss Carryforward Noncurrent
DeferredTaxAssetsNetOperatingLossCarryforwardNoncurrent
1584000
CY2017Q1 rh Deferred Tax Assets Net Operating Loss Carryforward Noncurrent
DeferredTaxAssetsNetOperatingLossCarryforwardNoncurrent
1044000
CY2018Q1 rh Deferred Tax Assets Foreign Currency Translation
DeferredTaxAssetsForeignCurrencyTranslation
1089000
CY2017Q1 rh Deferred Tax Assets Foreign Currency Translation
DeferredTaxAssetsForeignCurrencyTranslation
1404000
CY2018Q1 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
106000
CY2017Q1 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
1877000
CY2018Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
21869000
CY2017Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
32396000
CY2018Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
14991000
CY2017Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
28345000
CY2018Q1 rh Deferred Tax Liabilities Prepaid Expense And Other
DeferredTaxLiabilitiesPrepaidExpenseAndOther
12379000
CY2017Q1 rh Deferred Tax Liabilities Prepaid Expense And Other
DeferredTaxLiabilitiesPrepaidExpenseAndOther
28387000
CY2018Q1 rh Deferred Tax Liabilities State Tax
DeferredTaxLiabilitiesStateTax
2394000
CY2017Q1 rh Deferred Tax Liabilities State Tax
DeferredTaxLiabilitiesStateTax
4143000
CY2018Q1 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
1890000
CY2017Q1 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
3867000
CY2018Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1910000
CY2017Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1669000
CY2018Q1 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
24501000
CY2017Q1 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
29226000
CY2018Q1 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
1190000
CY2017Q1 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
760000
CY2018Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
23311000
CY2017Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
28466000
CY2017Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
760000
CY2016Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
158000
CY2015Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
176000
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
430000
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
602000
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-18000
CY2018Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1190000
CY2018Q1 rh State Net Operating Loss Carry Forwards
StateNetOperatingLossCarryForwards
2400000
CY2018Q1 rh Foreign Net Operating Loss Carry Forwards
ForeignNetOperatingLossCarryForwards
7100000
CY2018 rh Net Operating Loss Carry Forwards Expiration Dates
NetOperatingLossCarryForwardsExpirationDates
The state net operating loss carryovers will begin to expire in 2022, and the foreign net operating loss carryovers have an indefinite carryforward.
CY2018Q1 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2190000
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
921000
CY2015Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
940000
CY2018 rh Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromPriorPeriodTaxPositions
5491000
CY2017 rh Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromPriorPeriodTaxPositions
53000
CY2016 rh Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromPriorPeriodTaxPositions
-88000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
471000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1216000
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
69000
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8152000
CY2018Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
8200000
CY2018Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
6500000
CY2017Q4 rh Amended Federal Tax Return Claiming Refund
AmendedFederalTaxReturnClaimingRefund
5400000
CY2018 rh Income Tax Expense Benefit From Amendment Tax Return
IncomeTaxExpenseBenefitFromAmendmentTaxReturn
0
CY2018Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
400000
CY2018 rh Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Period
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossiblePeriod
P12M
CY2018Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
500000
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
300000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2199592
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
235357
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2066111
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3124779
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7853373
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
535306
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2625
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LongtermDebtWeightedAverageInterestRate
0.03
CY2016 us-gaap Debt Instrument Term
DebtInstrumentTerm
P7Y
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EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2017 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2016 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.483
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.449
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.377
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P9Y3M18D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.022
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.014
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.018
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2018 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.50
CY2018Q1 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
1267000
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
76509000
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
66961000
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
57470000
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
51473000
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
328574000
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
670291000
CY2018Q1 rh Build To Suit Lease Future Minimum Payments Due Current
BuildToSuitLeaseFutureMinimumPaymentsDueCurrent
37080000
CY2018Q1 rh Build To Suit Lease Future Minimum Payments Due In Two Years
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CY2018Q1 rh Build To Suit Lease Future Minimum Payments Due In Five Years
BuildToSuitLeaseFutureMinimumPaymentsDueInFiveYears
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CY2018Q1 rh Build To Suit Lease Future Minimum Payments Due Thereafter
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CY2018Q1 rh Build To Suit Lease Future Minimum Payments Due
BuildToSuitLeaseFutureMinimumPaymentsDue
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CY2017 rh Build To Suit Lease Transaction Land Rent Expense
BuildToSuitLeaseTransactionLandRentExpense
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BuildToSuitLeaseTransactionLandRentExpense
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CY2018 rh Noncash Rent Expense Benefit
NoncashRentExpenseBenefit
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NoncashRentExpenseBenefit
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NoncashRentExpenseBenefit
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0
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CY2017 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2847000
CY2018 rh Entity Wide Revenue Major Customer Number
EntityWideRevenueMajorCustomerNumber
0
CY2017 rh Entity Wide Revenue Major Customer Number
EntityWideRevenueMajorCustomerNumber
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EarningsPerShareDiluted
0.23

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