ࡱ>  !" l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~<#܈ ~~7#܈ ~~3#܈ ~~4#܈ ~~#؈ ~~83ffff̙̙3f3fff3f3f33333f33 Five Below Inc Summary Compensation- Product Mix&F89Expansion Opportunities and Si&EITEM 5 MARKET FOR REGISTRANTS CPITEM 5 MARKET FOR (1)i[Performance GrapheIncome Statement҇ Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations&PIndex to Consolidated Financial{45FIVE BELOW INC46FIVE BELOW INC G48FIVE BELOW INCn49FIVE BELOW INC49FIVE BELOW IN (1)l49FIVE BELOW IN (2)=49FIVE BELOW IN (3)49FIVE BELOW IN (4) vLeasesSCommon Stock OptionsCommon Stock Op (1)&Restricted Stock Units and Perf"SRestricted Stock Units (1)"<Restricted Stock Units (2)" Restricted Stock Units (3)"Restricted Stock Units (4)":(Restricted Stock Units (5) l  #l  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } a/} $ } 1} $ } 1 #     FIVE BELOW, INC 10-K 03/23/2017Five Below, Inc.       Pennsylvania     75-3000378' (State or other jurisdiction of    (I.R.S. Employer& incorporation or organization)    Identification Number)     1818 Market Street~ ~* Suite 2000 (Zip Code)Philadelphia, PA 19103/'(Address of Principal Executive Office)(215) 546-79091)(Registrant's Telephone Number, Including Area Code)1)Securities registered pursuant to Section"12(b) of the Exchange Act:Title of each class1)Name of each exchange on which registered/'Common Stock, $0.01 par value per share#The NASDAQ Stock Market LLC1)Securities registered pursuant to Section"12(g) of the Exchange Act:Title of each class1)Name of each exchange on which registeredNot applicableNot applicableDH lsg+nr"6q{F P !"$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/ (=PF0*8X> @:""!!  l  ;%z,  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc  Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } :}  ;     FIVE BELOW, INC 10-K 03/23/2017Summary Compensation   INDEX    PART I Page ITEM 1. BUSINESS~ ITEM 1A. RISK FACTORS~ 6*"ITEM 1B. UNRESOLVED STAFF COMMENTS~ fITEM 2. PROPERTIES~ j!ITEM 3. LEGAL PROCEEDINGS~ j'ITEM 4. MINE SAFETY DISCLOSURES~ jPART II.&ITEM 5. MARKET FOR REGISTRANT'S COMMON~ n/'EQUITY, RELATED STOCKHOLDER MATTERS AND-%ISSUER PURCHASES OF EQUITY SECURITIES'ITEM 6. SELECTED FINANCIAL DATA~ v4,ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS~ ~80OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS-%ITEM 7A. QUANTITATIVE AND QUALITATIVE~ %DISCLOSURES ABOUT MARKET RISK1)ITEM 8. CONSOLIDATED FINANCIAL STATEMENTS~ AND SUPPLEMENTARY DATA1)ITEM 9. CHANGES IN AND DISAGREEMENTS WITH~ D_l{ocK._3Pm1 !"#$%&'()*+,-./0123456789:/ 'ACCOUNTANTS ON ACCOUNTING AND FINANCIAL! DISCLOSURE(" ITEM 9A. CONTROLS AND PROCEDURES~ ""#ITEM 9B. OTHER INFORMATION~ #$$%PART III%.&&ITEM 10. DIRECTORS, EXECUTIVE OFFICERS~ & 'AND CORPORATE GOVERNANCE'(ITEM 11. EXECUTIVE COMPENSATION~ (.)&ITEM 12. SECURITY OWNERSHIP OF CERTAIN~ )4*,BENEFICIAL OWNERS AND MANAGEMENT AND RELATED+STOCKHOLDER MATTERS2,*ITEM 13. CERTAIN RELATIONSHIPS AND RELATED~ ,/-'TRANSACTIONS, AND DIRECTOR INDEPENDENCE..&ITEM 14. PRINCIPAL ACCOUNTANT FEES AND~ ./SERVICES001PART IV122*ITEM 15. EXHIBITS AND FINANCIAL STATEMENTS~ 2 3 SCHEDULES"4ITEM 16. FORM 10-K SUMMARY~ 45 SIGNATURES~ 567$8____________________________19)Created by Morningstar Document Research.0:(http://documentresearch.morningstar.com/:}I1t4f&N*=PF0*8X> @::9988 l  7  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } }  } $} $ }  } $} $ }  } $                       FIVE BELOW, INC 10-K 03/23/2017 Product Mix           Percentage of Net Sales ~  ~ ~ ~ z Leisure~  %  ffffffI@ % ~  % Fashion and home 333333?@ %  33333=@ %  L=@ %Party and snack2@ %3@ %333333@ % Total~  %~  %~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.xlrh\P(=PF0*8X> @:     l  D  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } } U} $ } $} $ } $}  $ } $} $ } U} $      FIVE BELOW, INC 10-K 03/23/20173+9Expansion Opportunities and Site Selection                Period  Stores at  Stores  Stores  Net   Stores at  Start of  Opened  Closed  Store  End of  Period        Increase  Period  Fiscal 2014~   ~    ?  ~   ~   Fiscal 2015~ ~ *~  ~    ~   Fiscal 2016~ ~ Z~  ~  V  ~  *$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.|pdXLb-dXL$=PF0*8X> @           l  O  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and SiITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } U5} $      FIVE BELOW, INC 10-K 03/23/2017jbITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF         Fiscal 2016 High Low/ 'First Quarter (January 31, 2016 - April (\µE@  p= @@   30, 2016)4 ,Second Quarter (May 1, 2016 - July 30, 2016) YJ@  zGaB@ 2*Third Quarter (July 31, 2016 - October 29,I@\(A@~ 2*Fourth Quarter (October 30, 2016 - January)\F@p= ׃A@ 28, 2017)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0E9-!!X=PF0*8X> @j        l  Z  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CPerformance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } 6} $      FIVE BELOW, INC 10-K 03/23/2017jbITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF         Fiscal 2015 High Low0 (First Quarter (February 1, 2015 - May 2, ףp= B@  (\<@ ~ ~5 -Second Quarter (May 3, 2015 - August 1, 2015) \(D@   ףp=j@@ /'Third Quarter (August 2, 2015 - October(\C@(\B?@ 31, 2015)2*Fourth Quarter (November 1, 2015 - JanuaryzGA@33333:@ 30, 2016)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0E9-! )Y=PF0*8X> @j        l  d  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Income Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } +}  } y }       FIVE BELOW, INC 10-K 03/23/2017Performance Graph          7/29/2012 2/1/2013  1/31/2014  1/30/2015  1/29/2016  1/27/2017 FIVE BELOW, INC.~ ~ 2 Ia@ l_@ ̜`@ ̼a@, $NASDAQ GLOBAL MARKET COMPOSITE INDEX~  Z@ La@ c@ 33333sc@ g@(  NASDAQ US BENCHMARK RETAIL INDEX~ ~  fffff`@ 0d@~  f@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*@h~rf q=PF0*8X> @ l  0({  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance Graph Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } U5} $ 0     FIVE BELOW, INC 10-K 03/23/2017Income Statement                       Fiscal Year ~  ~ ~ ~ z ~ v ~ r 0 ((in millions, except share and per share  data)-%Consolidated Statements of Operations   Data (1) : Net sales33333C@~   A@   33333@,z@Cost of goods sold33333@~ r fffff{@   fffffu@~ 6 Gross profit~ fffff>r@ m@  ~  b@4,Selling, general and administrative expenses33333cn@~  d@   `@ \@~ Operating income~ 9W@~  6   J@B@&Interest income (expense), net333333? ? ?   ?333333@#Loss on debt extinguishment ? ? ?   333333??Other expense (income) ?333333?  ?    ?ٿ# Income before income taxes33333\@,W@ ,S@  ~   A@Income tax expense333333E@~  <@   3@333333,@ Net income33333Q@L@~      @@~ R/'Dividend paid to preferred and unvested ? ?  ?    ?YPrestricted shareholders0(Net income attributable to participating ? ?  ?    ? securitiesDulsgwTu 5;-Sh* !"#$%&'()*+,-./0 (Net income (loss) attributable to common 33333Q@   L@  ~    33333?@   33333F ! shareholders"Per Share Data:""""" " " ""0#(Basic income (loss) per common share (3)#(\?###(\?### {Gz?# # # zG?###{Gz#.$&Diluted income (loss) per common share$?$$$?$$$ )\(?$ $ $ zG?$$${Gz$~ %.&&Dividends declared and paid per common &$?&& &$?&& & $?& &  & $?&&&)\(@& 'share,($Weighted average shares outstanding:((((( ( ( (() Basic shares~ )2 ))~ )Z? ))~ ) fP ) ) ~ ) V۴ ))~ )Ws)*Diluted shares~ *$ **~ *VQ **~ * ~ * * ~ * $ **~ *Ws*+,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$, kqykr @4(=PF0*8X> @Rj//..--****** ** **)))))) )) ))&&&&&& && &&$$$$$$ $$ $$###### ## ##                                      l  '͟  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome StatementIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } U5} $ } $} $ } $}  $ } $} $ } $} $ } $ '     FIVE BELOW, INC 10-K 03/23/2017 Cash Flows                       Fiscal Year ~  ~ ~ ~ z ~ v ~ r / '(in millions, except total stores data)- %Consolidated Statements of Cash Flows         Data (1) :'Net cash provided by (used in):   Operating activitiesfffffZ@U@ 33333N@   333333?@ffffff>@Investing activities33333UX fffff&@   fffff9fffff6Financing activities@ffffff? 0   ffffff&333333@4,Other Operating and Financial Data (1) :   %Total stores at end of period~ *~ ~    ~  ~ Comparable sales growth~   %333333 @ % 333333 @  % ~   %ffffff@ %'Average net sales per store (4)~  ~   ffffff?   ffffff??Capital expendituresffffffF@̌J@ fffff&@@   fffff9@fffff6@1)Consolidated Balance Sheet Data (1) :   !Cash and cash equivalentsfffffS@̌J@ O@   I@ L@( Short-term investment securities33333sS@fffff&G@  ?    ? ?Total current assets @U&&%%$$!!!!!! !! !!                                     l  1>  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsCash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } U5} $ } $} $ } $}  $ } $ 1                                 FIVE BELOW, INC 10-K 03/23/2017Income Statement               Fiscal Year ~  ~ ~ ~ z * "(in millions, except total stores)- %Consolidated Statements of Operations     Data (1) : Net sales33333C@~   A@ Cost of goods sold33333@~ r fffff{@  Gross profit~ fffff>r@ m@ 4,Selling, general and administrative expenses33333cn@~  d@ ~ Operating income~ 9W@~  6 &Interest income (expense), net333333? ?  #Loss on debt extinguishment ? ? ?  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" %##Loss on debt extinguishment #? #%# #? #%# # ? # %$Other expense (income) $? $%$ $? $%$ $ ? $ %"%Income before income taxes%&@ %%%%333333&@ %%%% &@ % %&Income tax expense&@ &%&&@ &%&& @ & %' Net income'@ '%''@ '%'' ffffff@ ' %(Operational Data:((((( %)Total stores at end of period~ )*))~ )))~ ) ) *Comparable sales growth~ *  *%**333333 @ *%** 333333 @ * %'+Average net sales per store (3)~ + ++~ + +++ ffffff?+ ,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/& @aD!=PF0*8X> @S00 // .. ++++++ ****** )))))) '''''' &&&&&& %%%%%% $$$$$$ ###### """""" !!!!!!                    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } 1}  $                         FIVE BELOW, INC 10-K 03/23/2017 Cash Flows               Fiscal Year ~  ~ ~ ~ z  1 )Net cash provided by operating activities fffffZ@   U@   33333N@ -%Net cash used in investing activities33333UX fffff&@ 0(Net cash provided by (used in) financing@ffffff? 0  activities-%Net increase (decrease) during period~ ^333333$~  6 ( in cash and cash equivalents (1)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2ymlT dN{S=PF0*8X> @           l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } %} $      FIVE BELOW, INC 10-K 03/23/2017Contractual Obligations                      (In millions) Payments Due By Period   Total (1)   Less than   1-3 years   3-5 years   More than      1 year          5 years' Operating lease obligations (2) fffffj@   fffff&X@   ̜i@   Ih@   s@  Purchase obligations (3)ffffff@ffffff@  ?    ? ? Total33333@LY@ ̜i@   Ih@s@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.-xl`p5 =PF0*8X> @                l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } 2}       FIVE BELOW, INC 10-K 03/23/20172*Index to Consolidated Financial Statements    Page  2 *Report of KPMG LLP, Independent Registered~  Public Accounting Firm1)Consolidated Balance Sheets as of January~ %28, 2017 and January 30, 2016-%Consolidated Statements of Operations~ ,$for Fiscal Years 2016, 2015 and 2014-%Consolidated Statements of Changes in~ -%Shareholders? Equity for Fiscal Years2016, 2015 and 2014-%Consolidated Statements of Cash Flows~ ,$for Fiscal Years 2016, 2015 and 20142*Notes to Consolidated Financial Statements~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>o0}qeYM5X/P1~rf>=PF0*8X> @ l  2v  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } 8} $ 2     FIVE BELOW, INC 10-K 03/23/201745FIVE BELOW, INC.          January 28, 2017  January 30, 2016 Assets    Current assets:   ! Cash and cash equivalents~   ~ f= ( Short-term investment securities~ ~~  Inventories~ Bm ~ J Prepaid income taxes~ B~ 1)Prepaid expenses and other current assets~ Z~  Total current assets~ 6~ (#Property and equipment, net~ "r~ ODeferred income taxes~ ~~ 'Long-term investment securities~ J ? Other assets~  ~  ~ ~ :,$Liabilities and Shareholders? EquityCurrent liabilities:Line of credit $? $?Accounts payable~ ~ ƍIncome taxes payable~ v~ "Accrued salaries and wages~ ~ wOther accrued expenses~ ~ |D l}qe@oC|Y E/ !"#$%&'()*+,-./01! Total current liabilities~ N  ~ < !Deferred rent and other~ !b5!!~ !f!"Total liabilities~ "R ""~ "6 ".#&Commitments and contingencies (note 4)#####$Shareholders? equity:$$$%1&)Common stock, $0.01 par value. Authorized~ &&&~ &&2'*120,000,000 shares; issued and outstanding7(/54,904,954 and 54,590,641 shares, respectively.")Additional paid-in capital~ )))~ )j)/*'Retained earnings (accumulated deficit)~ ***~ *.*"+Total shareholders? equity~ +6:++~ ++,~ ,,,~ ,:,-.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(fT8m(q6]k=PF0*8X> @51100//,,,,++++****))))&&&&""""!!!!       l  $  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } 7}  $ $                                 FIVE BELOW, INC 10-K 03/23/201746FIVE BELOW, INC.               Fiscal Year ~  ~ ~ ~ z  Net sales~ j=  ~ J2  ~ j)  Cost of goods sold~ D'  ~    ~   Gross profit~ ~ z~  ~ 4,Selling, general and administrative expenses~ ~ F% ~    Operating income~ ~ 6~  b &Interest income (expense), net~ ~ ~   #Loss on debt extinguishment ? ?~   Other expense (income) ?~ ~   "Income before income taxes~ V~ §~  έ Income tax expense~ ֖~ "~  n  Net income~ b~ B~  b 0(Net income attributable to participating ? ?~    securities6.Net income attributable to common shareholders~ b~ B~   %Basic income per common share(\?(\? {Gz? 'Diluted income per common share?? )\(? ,$Weighted average shares outstanding:  Basic shares~ 2 ~ Z? ~  fP  Diluted shares~ $ ~ VQ ~  ~  D l}qedeI7%K) ! " #  $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/ <=PF0*8X> @:## "" !!                       l  AK.BdC  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } $ } mB} } $ } } $$ A%%%%%%%%%% % % % % %%%%%%%%%%%%%%%%%%%FIVE BELOW, INC 10-K 03/23/2017                        Common stock   Additional  Retained  Total          paid-in capital & earnings (accumulated deficit)  shareholders? equity  Shares  Amount  ! Balance, February 1, 2014      ~               ~ z  ~ :_  ~ v  !~ "&" $( Share-based compensation expense ? ?     ~ Y ?~ Y-%Issuance of unrestricted stock awards~ C ?~     ~ .&Exercise of options to purchase common~  ~  ~      ?~ & stock/'Vesting of restricted shares related to ? ?~      ?~ stock option exercises)!Vesting of restricted stock units~ :\ ?  ?    ? ?2*Purchase and retirement of treasury shares~ p ?~      ?~ 0(Repurchase of unvested restricted shares~  ?~      ?~ )!related to stock option exercises/'Excess tax benefit related to exercises ? ?~       ?~  of stock options3+Issuance of common stock to employees under~ C ?~      ?~ $employee stock purchase plan Net income ?  ?  ~  b~ b!Balance, January 31, 2015~  ~ ~    ~  ֨~  ( Share-based compensation expense ? ?~      ?~ DlwivB~ %!%"%#%$%%%&%'%(%)%*%+%,%-%.%/%0%1%2%3%4%5%6%7%8%9%:%;%<%=%>%?% - %Issuance of unrestricted stock awards~ .|   ?  ~ b    ~ b !!"."&Exercise of options to purchase common~ " ""~ " ""~ " :" "  " ?""~ "B"# #stock$)$!Vesting of restricted stock units~ $j%$$ $?$$ $ ?$ $  $ ?$$ $?$%(% Common shares withheld for taxes~ %*l%% %?%%~ % % %  % ?%%~ %%&/&'Excess tax benefit related to exercises &?&& &?&&~ &  & &  & ?&&~ & &''of stock options(3(+Issuance of common stock to employees under~ (jN(( (?((~ ( ( (  ( ?((~ (()$)employee stock purchase plan** Net income *?** *?** * ?* * ~ * B**~ *B*+!+Balance, January 30, 2016~ + ++~ +++~ + j+ + ~ + .++~ ++,(, Share-based compensation expense ,?,, ,?,,~ , , ,  , ?,,~ ,,---%Issuance of unrestricted stock awards~ -i-- -?--~ - b- -  - ?--~ -b-.././&Exercise of options to purchase common~ / //~ / //~ / ^3/ /  / ?//~ /f3/0 0stock1?17Vesting of restricted stock units and performance-based~ 111~ 111 1 ?1 1  1 ?11~ 1122restricted stock units3(3 Common shares withheld for taxes~ 3%33 3?33~ 3 B3 3  3 ?33~ 3B34/4'Excess tax benefit related to exercises 4?44 4?44~ 4 N4 4  4 ?44~ 4N45/5'of stock options, vesting of restricted656-stock units, and vesting of performance-based77restricted stock units838+Issuance of common stock to employees under~ 8~O88 8?88~ 8 B8 8  8 ?88~ 8B89$9employee stock purchase plan:: Net income :?:: :?:: : ?: : ~ : b::~ :b:;!;Balance, January 28, 2017~ ;! ;;~ ;;;~ ; ; ; ~ ; ;;~ ;6:;<=$>____________________________1?)Created by Morningstar Document Research.DAl -?$ @ @@??>>;;;; ;; ;;:::: :: ::8888 88 884444 44 443333 33 331111 11 11//// // //---- -- --,,,, ,, ,,++++ ++ ++**** ** **(((( (( ((&&&& && &&%%%% %% %%$$$$ $$ $$"""" "" ""                           "#        l  FYiAk  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } 8}  $ F                                 FIVE BELOW, INC 10-K 03/23/201748FIVE BELOW, INC.               Fiscal Year ~  ~ ~ ~ z Operating activities:       Net income~ b  ~ B  ~ b .&Adjustments to reconcile net income to 2*net cash provided by operating activities:%Depreciation and amortization~ ~ N[~    ( Share-based compensation expense~ ƺ~ ~  \ #Deferred income tax benefit~ r~ :~  & Other non-cash expenses~ ~ ~   4,Changes in operating assets and liabilities:  Inventories~ ~ ~  ve Prepaid income taxes~ ~ Z ~   )!Prepaid expenses and other assets~ ~ (~  " Accounts payable~ ֪~ ~  / Income taxes payable~ v~ ~  ΃ "Accrued salaries and wages~ 0~ J%~  (  Deferred rent~ z~ c~  X Other accrued expenses~ 2#~ j0~  j+ 1)Net cash provided by operating activities~ ~ ]~  ڿ Investing activities: *"Purchases of investment securities~ ~ ,  ? Dl}qedX9<9$ p ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? - %Sales, maturities, and redemptions of~ B   ?   ? !investment securities"Capital expenditures~ "D""~ """~ " " -#%Net cash used in investing activities~ #R##~ ###~ # # $Financing activities:$$$$$ 1%)Repayment of note payable under Term Loan %?%% %?%%~ % R% &Facility1')Borrowing on note payable under Revolving '?'' '?''~ ' bm' (Credit Facility1))Repayment of note payable under Revolving )?)) )?))~ ) ) *Credit Facility2+*Net proceeds from issuance of common stock~ +B++~ +++~ + + 5,-Proceeds from exercise of options to purchase~ ,f3,,~ ,B,,~ , &, - common stock(. Common shares withheld for taxes~ .B..~ ...~ . . //'Excess tax benefit related to exercises~ /N//~ / //~ /  / /0'of stock options, vesting of restricted51-stock units, and vesting of performance-based2restricted stock units 3Other~ 333 3?33~ 3 3 04(Net cash provided by (used in) financing~ 46144~ 444~ 4 Z4 5 activities06(Net increase (decrease) in cash and cash~ 6~g66~ 6b66~ 6 *6 7 equivalents.8&Cash and cash equivalents at beginning~ 8f=88~ 8J88~ 8 "8 9of year0:(Cash and cash equivalents at end of year~ :::~ :f=::~ : J: -;%Supplemental disclosures of cash flow;;;;; < information:= Interest paid~ =*==~ =f==~ = = >Income taxes paid~ >J>>~ >@>>~ > NQ> %?Non-cash investing activities????? DlkJ-7#oh= 9@-&@ A B C D E /@'Increase (decrease) in accounts payable~ @@@~ @ @@~ @ @ 7A/and accrued purchases of property and equipmentB$C____________________________1D)Created by Morningstar Document Research.0E(http://documentresearch.morningstar.com/dg, =PF0*8X> @RjEE DD CC @@@@@@ >>>>>> ====== :::::: 888888 666666 444444 333333 ////// ...... ,,,,,, ++++++ )))))) '''''' %%%%%% ###### """"""                      l  }  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } } $      FIVE BELOW, INC 10-K 03/23/201749FIVE BELOW, INC.                    As of January 28, 2017   Amortized Cost  Gross Unrealized Gains  Gross Unrealized Losses  Fair Market Value  Short-term:         Corporate bonds ~    $?  ~   ~ R Municipal bonds~  ? ~  :  ~ n Total~ ~ $? ~    ~     Long-term:   Corporate bonds~ a $? ~  .  ~ aMunicipal bonds~ fB~ "   ?  ~ B Total~ J~ " ~  .  ~ >$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8 }qe_0}"@2&=PF0*8X> @              l  7  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } U} $      FIVE BELOW, INC 10-K 03/23/201749FIVE BELOW, INC.                    As of January 30, 2016   Amortized Cost  Gross Unrealized Gains  Gross Unrealized Losses  Fair Market Value  Short-term:         Corporate bonds ~ D   $?  ~ v  ~ C Certificates of deposit~ l~    ?  ~ .lMunicipal bonds~ # ?   ?  ~ # Total~ ~  ~  v  ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0}qe_0}i]Q)=PF0*8X> @           l  .  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } 8} $      FIVE BELOW, INC 10-K 03/23/201749FIVE BELOW, INC.          January 28, 2017  January 30, 2016 Furniture and fixtures~   ~ *  Leasehold improvements~ .  ~   Computers and equipment~ 4  ~  Construction in process~ ~ 8%Property and equipment, gross~ ~  7/Less: Accumulated depreciation and amortization~ b~ u#Property and equipment, net~ "r~ O$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2}qeS+G=PF0*8X> @         l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } !} $      FIVE BELOW, INC 10-K 03/23/201749FIVE BELOW, INC.          January 28, 2017  January 30, 2016 Current:    Deferred rent (1)~ >V  ~ < ! Total current liabilities~ >V  ~ <  Long-term: Deferred rent~ R2~  Other~ ~ #Total long-term liabilities~ b5~ f$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4I}qe} Q@4(=PF0*8X> @z       l  !3  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } 7}  $ !                                 FIVE BELOW, INC 10-K 03/23/201749FIVE BELOW, INC.               Fiscal Year ~  ~ ~ ~ z  Numerator:       Net income~ b  ~ B  ~ b 0(Net income attributable to participating ? ?~    securities6.Net income attributable to common shareholders~ b~ B~    Denominator: 2*Weighted average common shares outstanding~ 2 ~ Z? ~  fP  - basic.&Dilutive impact of options, restricted~ jH~ ~   0(stock units, and employee stock purchase plan2*Weighted average common shares outstanding~ $ ~ VQ ~  ~   - dilutedPer common share: %Basic income per common share(\?(\? {Gz? 'Diluted income per common share?? )\(? $____________________________1)Created by Morningstar Document Research.D l}qedHXEyi_' 0 (http://documentresearch.morningstar.com/H=PF0*8X> @               l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)Common Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } }  $                         FIVE BELOW, INC 10-K 03/23/2017Leases              Fiscal Year  Retail stores 1 )Corporate office and distribution centers  Total~ ~ b}  ~ g  ~ N ~ ~   ~   ~ > ~ ~ 2  ~ ڧ  ~  C ~ ~ l~ R~   ~ ~ ~ n~  B  Thereafter~ ~ 6~  a ~ n+~ B~  1 $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2T}qSk! =PF0*8X> @               l  #]r  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } m)} y} $ }   #                                 FIVE BELOW, INC 10-K 03/23/2017Common Stock Options           Options  Weighted  Weighted   outstanding  average  average     exercise   remaining     price   contractual term&Balance as of February 1, 2014~ Offfff4@!@Granted~ Vףp= B@ Forfeited~ ?@ Cancelled~ GzC@ Exercised~ Pq= ףp@&Balance as of January 31, 2015~ F8@~ "Granted~ z"Gz<@ Forfeited~  ףp= wA@ Exercised~ r@&Balance as of January 30, 2016~ rB(\O:@@Granted~ n&fffffC@ Forfeited~ ףp= B@ Exercised~ f8-@&Balance as of January 28, 2017~ 64=@@*"Exercisable as of January 28, 2017~ zL (\u:@@D l{oc7nr!(HKkn ! " $ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/ (=PF0*8X> @""!!        l  5  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock Options!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } }  } $} $ }  } $} $ }  } $                       FIVE BELOW, INC 10-K 03/23/2017Common Stock Options            Fiscal Year ~  ~ ~ ~ z Expected volatility G@ % ~  %  33333G@ % Risk-free interest rate ? %  ? %  ffffff? % Expected life of options 6.4 years 6.4 years 6.4 yearsExpected dividend yield ? % ? % ? %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{oc^6*=PF0*8X> @:     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)Restricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } 1}  } $ }  } $      FIVE BELOW, INC 10-K 03/23/2017KCRestricted Stock Units and Performance-Based Restricted Stock Units                Restricted Stock Units 0 (Performance-Based Restricted Stock Units  Number . &Weighted-Average Grant Date Fair Value  Number . &Weighted-Average Grant Date Fair Value1 )Non-vested balance as of February 1, 2014 ?   $?   ?   $?  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Stock Units (5)U } a}  $                            FIVE BELOW, INC 10-K 03/23/2017KCRestricted Stock Units and Performance-Based Restricted Stock Units               Fiscal Year ~  ~ ~ ~ z Current:      Federal~ q  ~   ~   State~ L~ JH~  J2 ~ f~ J,~  J  Deferred: Federal~ R~ v~  B  State~ "~ ~   ~ r~ :~  & Income tax expense~ ֖~ "~  n $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8gdXL@43j0@J>2 =PF0*8X> @              l     dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW IN (3)49FIVE BELOW IN (4)LeasesCommon Stock OptionsCommon Stock Op (1)!Restricted Stock Units and PerfRestricted Stock Units (1)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)U } *}  } $} $ }  } $} $ }  } $                       FIVE BELOW, INC 10-K 03/23/2017KCRestricted Stock Units and Performance-Based Restricted Stock Units            Fiscal Year ~  ~ ~ ~ z" Statutory federal tax rate~  % ~  % ~  %+ #State taxes, net of federal benefit 333333@   @   @  Other333333ӿ??̌B@ %B@ %33333B@ %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.*dXL@4W'# =PF0*8X> @:     l  Q  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Five Below Inc Summary Compensation Product Mix!9Expansion Opportunities and Si!ITEM 5 MARKET FOR REGISTRANTS CITEM 5 MARKET FOR (1)Performance GraphIncome Statement Cash FlowsIncome Statemen (1)Cash Flows (1)Contractual Obligations!Index to Consolidated Financial45FIVE BELOW INC46FIVE BELOW INC 48FIVE BELOW INC49FIVE BELOW INC49FIVE BELOW IN (1)49FIVE BELOW IN (2)49FIVE BELOW 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