Document and Entity Information Document
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3 Months Ended | |
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May 05, 2013
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Jun. 03, 2013
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Document and Entity Information [Abstract] | ||
Entity Registrant Name | PVH CORP. /DE/ | |
Entity Central Index Key | 0000078239 | |
Current Fiscal Year End Date | --02-03 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | May 05, 2013 | |
Document Fiscal Year Focus | 2013 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 81,053,664 | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Details
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- Definition
Includes (i) advertising revenue, which represents contributions made by licensees toward advertising based on contractual obligations, and (ii) revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. No definition available.
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Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
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- Definition
Sum of operating profit and nonoperating income (expense) before interest expense, interest income, income taxes, extraordinary itmes, cumulative items, cumulative effects of change in accounting principles and noncontrolling interest. No definition available.
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. No definition available.
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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May 05, 2013
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Apr. 29, 2012
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Net (loss) income | $ (20,013) | $ 95,476 |
Foreign currency translation adjustments, net of tax | (109,215) | 17,001 |
Amortization of prior service credit related to pension and postretirement plans, net of tax | (136) | (136) |
Net unrealized and realized gain (loss) on effective hedges, net of tax | 7,858 | (4,247) |
Comprehensive (loss) income | (121,506) | 108,094 |
Less: Comprehensive income attributable to redeemable non-controlling interest | 146 | 0 |
Total comprehensive (loss) income attributable to PVH Corp. | $ (121,652) | $ 108,094 |
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax and reclassification adjustments amount of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax and reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net of tax and reclassifications amount of pension and other postretirement benefit plans (gain) loss included in accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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May 05, 2013
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Apr. 29, 2012
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Foreign currency translation adjustments, tax (benefit) expense | $ (437) | $ 237 |
Amortization of prior service credit related to pension and postretirement plan, tax benefit | (84) | (84) |
Net unrealized and realized gain (loss) on effective hedges, tax (benefit) expense | $ (1,236) | $ 989 |
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- Definition
Tax effect, net of reclassification adjustments, of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tax effect, net of reclassification adjustments, of pension and other postretirement benefit plans (gain) loss included in accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tax effect of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of outstanding nonredeemable convertible preferred stock or outstanding convertible preferred stock that is redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the capitalized costs to acquire rights under a license arrangement (for example, to sell specified products in a specified territory) having an indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style for a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net carrying amount as of the balance sheet date of other indefinite-lived and finite-lived intangible assets that are not separately presented on the statement of financial position. No definition available.
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amounts due as of the balance sheet date from parties or arising from transactions not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by shareholders, which is net of related treasury stock. May be all or a portion of the number of preferred shares authorized. These shares represent the ownership interest of the preferred shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
As of the reporting date, the carrying amount of noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. The noncontrolling interest holder's ownership (or holders' ownership) may be in the form of common shares (regardless of class), limited partnership units (regardless of class), non-preferential membership interests, or any other form of common equity regardless of investee entity legal form. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. No definition available.
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
|
X | ||||||||||
- Definition
The net change during the reporting period in the aggregate amount of obligations and expenses incurred but not paid; and the net change during the reporting period, excluding the portion taken into income, in the liability reflecting services yet to be performed by the reporting entity for which cash or other forms of consideration was received or recorded as a receivable. No definition available.
|
X | ||||||||||
- Definition
The cash outflow for Warnaco’s previously outstanding debt. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of excess tax benefit (tax deficiency) that arises when compensation cost from non-qualified share-based compensation recognized on the entity's tax return exceeds (is less than) compensation cost from equity-based compensation recognized in financial statements. Excess tax benefit (tax deficiency) increases (decreases) net cash provided by financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The net cash inflow or outflow associated with the aggregate amount of adjustment to the purchase price of a previous acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Cash outflow in the form of ordinary dividends to common shareholders, preferred shareholders and noncontrolling interests, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash or cash equivalents contributed by the entity to fund its pension plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net cash inflow or outflow associated with long-term debt that is wholly or partially secured by collateral. Excludes proceeds from and repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow for the obligation for a lease meeting the criteria for capitalization (with maturities exceeding one year or beyond the operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GENERAL
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3 Months Ended |
---|---|
May 05, 2013
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Notes to Financial Statements [Abstract] | |
GENERAL | GENERAL PVH Corp. and its consolidated subsidiaries (collectively, the “Company”) constitute a global apparel company whose brand portfolio consists of nationally and internationally recognized brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Bass, Warner’s and Olga, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Donald J. Trump Signature Collection, JOE Joseph Abboud and DKNY, which are licensed, as well as various other owned, licensed and private label brands. The Company designs and markets branded dress shirts, neckwear, sportswear, swimwear, intimates and, to a lesser extent, footwear and other related products and licenses its owned brands over a broad range of products. References to the aforementioned and other brand names are to registered trademarks owned by the Company or licensed to the Company by third parties and are identified by italicizing the brand name. The consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated in consolidation. Investments in entities that the Company does not control but has the ability to exercise significant influence over are accounted for using the equity method of accounting. Please see Note 4, “Investments in Unconsolidated Affiliates,” for a further discussion. The Company’s Consolidated Income Statements include its proportionate share of the net income or loss of these entities. As a result of the acquisition of The Warnaco Group, Inc. (“Warnaco”), the Company owns a majority interest in a joint venture in India that is consolidated and accounted for as a redeemable non-controlling interest. Please see Note 5, “Redeemable Non-Controlling Interest,” for a further discussion. The redeemable non-controlling interest represents the minority shareholders’ proportionate share (49%) of the equity in the Company’s consolidated subsidiary. The Company’s fiscal years are based on the 52-53 week period ending on the Sunday closest to February 1 and are designated by the calendar year in which the fiscal year commences. References to a year are to the Company’s fiscal year, unless the context requires otherwise. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. Accordingly, they do not contain all disclosures required by accounting principles generally accepted in the United States for complete financial statements. Reference should be made to the audited consolidated financial statements, including the notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended February 3, 2013. The preparation of interim financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from the estimates. The results of operations for the thirteen weeks ended May 5, 2013 and April 29, 2012 are not necessarily indicative of those for a full fiscal year due, in part, to seasonal factors. The data contained in these financial statements are unaudited and are subject to year-end adjustments. However, in the opinion of management, all known adjustments (which consist only of normal recurring accruals) have been made to present fairly the consolidated operating results for the unaudited periods. Certain reclassifications have been made to the consolidated financial statements and the notes thereto for the prior year periods to present that information on a basis consistent with the current year. Please see Note 6, “Goodwill and Other Intangible Assets,” Note 7, “Retirement and Benefit Plans,” and Note 18, “Segment Data,” for discussions of changes in accounting and/or reporting related to these areas. |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INVENTORIES
|
3 Months Ended |
---|---|
May 05, 2013
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|
Notes to Financial Statements [Abstract] | |
INVENTORIES | INVENTORIES Inventories are comprised principally of finished goods and are stated at the lower of cost or market. |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACQUISITIONS
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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May 05, 2013
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Notes to Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ACQUISITIONS | ACQUISITIONS Acquisition of Warnaco The Company acquired on February 13, 2013 all of the outstanding equity interests in Warnaco. The results of Warnaco’s operations have been included in the Company’s consolidated financial statements since that date. Warnaco designs, sources, markets and distributes a broad line of intimate apparel, sportswear and swimwear products worldwide. Warnaco’s products are sold under the Calvin Klein, Speedo, Warner’s and Olga brand names and were also previously sold under the Chaps brand name. Ralph Lauren Corporation reacquired the Chaps license effective contemporaneously with the Company’s acquisition of Warnaco. The Warnaco acquisition provided the Company with direct global control of the Calvin Klein brand image and commercial decisions for the two largest Calvin Klein apparel categories—jeanswear and underwear. In addition, the Company believes the acquisition takes advantage of its and Warnaco’s complementary geographic platforms. Warnaco’s operations in Asia and Latin America should enhance the Company’s opportunities in those high-growth regions, and the Company will have the ability to leverage its expertise and infrastructure in North America and Europe to enhance the growth and profitability of the Calvin Klein jeanswear and underwear businesses in those regions. Fair Value of the Acquisition Consideration The acquisition date fair value of the acquisition consideration paid at closing totaled $3,137,056, which consisted of the following:
The fair value of the 7,674 common shares issued was equal to the aggregate value of the shares at the closing market price of the Company’s common stock on February 12, 2013, the day prior to the closing. The value of the replacement stock awards was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the time of the acquisition, reduced by an estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date. Also included in the acquisition consideration was the elimination of a $9,128 pre-acquisition liability to Warnaco. The Company funded the cash portion and related costs of the Warnaco acquisition, repaid all outstanding borrowings under its previously outstanding senior secured credit facilities and repaid all of Warnaco’s previously outstanding long-term debt with the net proceeds of (i) the issuance of $700,000 of 4 1/2% senior notes due 2022; and (ii) the borrowing of $3,075,000 of term loans under new senior secured credit facilities. Please see Note 6, “Goodwill and Other Intangible Assets,” Note 8, “Debt,” and Note 14, “Stockholders’ Equity,” for a further discussion of these aspects of the acquisition. The Company incurred certain pre-tax costs directly associated with the acquisition, including short-lived non-cash valuation adjustments and amortization, totaling approximately $120,000, of which approximately $43,000 was recorded in fiscal 2012 and approximately $77,000 was recorded during the thirteen weeks ended May 5, 2013. Please see Note 15, “Activity Exit Costs,” for a discussion of restructuring costs incurred during the thirteen weeks ended May 5, 2013 associated with the acquisition. Warnaco had total revenue of $516,615 and a net loss, after non-cash valuation adjustments and amortization and integration costs, of $(35,495) for the period from the date of acquisition through May 5, 2013. These amounts are included in the Company’s results of operations for the thirteen week period then ended. Pro Forma Impact of the Transaction The following table presents the Company’s pro forma consolidated results of operations for the thirteen weeks ended May 5, 2013 and April 29, 2012 as if the acquisition and the related financing transactions had occurred on January 30, 2012 (the first day of its fiscal year ended February 3, 2013) instead of on February 13, 2013. The pro forma results were calculated applying the Company’s accounting policies and reflect (i) the impact on revenue, cost of goods sold and selling, general and administrative expenses resulting from the elimination of intercompany transactions; (ii) the impact on depreciation and amortization expense based on fair value adjustments to Warnaco’s property, plant and equipment and intangible assets recorded in connection with the acquisition; (iii) the impact on interest expense resulting from changes to the Company’s capital structure in connection with the acquisition; (iv) the impact on cost of goods sold resulting from acquisition date adjustments to the fair value of inventory; (v) the elimination of transaction costs related to the acquisition that were included in the Company’s results of operations for the thirteen weeks ended May 5, 2013; and (vi) the tax effects of the above adjustments. The pro forma results do not include any anticipated cost synergies or other effects of the planned integration of Warnaco. Accordingly, such pro forma amounts are not indicative of the results that actually would have occurred had the acquisition been completed on January 30, 2012, nor are they indicative of the future operating results of the combined company.
Allocation of the Acquisition Consideration The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
The Company is still in the process of valuing the assets acquired and liabilities assumed; thus, the allocation of the acquisition consideration is subject to change. In connection with the acquisition, the Company recorded goodwill of $1,399,432, which was assigned to the Company’s Calvin Klein North America, Calvin Klein International and Heritage Brands Wholesale segments in the amounts of $441,671, $864,697 and $93,064, respectively. None of the goodwill is expected to be deductible for tax purposes. The Company also recorded other intangible assets of $1,704,800, which included reacquired license rights of $593,800, order backlog of $97,600 and customer relationships of $149,800, which are all amortizable, as well as tradenames of $604,600 and perpetual license rights of $259,000. |
X | ||||||||||
- Details
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X | ||||||||||
- Definition
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INVESTMENTS IN UNCONSOLIDATED AFFILIATES
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3 Months Ended |
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May 05, 2013
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Equity Method Investments and Joint Ventures [Abstract] | |
INVESTMENTS IN UNCONSOLIDATED AFFILIATES | INVESTMENTS IN UNCONSOLIDATED AFFILIATES Brazil In 2012, the Company formed a joint venture, Tommy Hilfiger do Brasil S.A., in Brazil, in which the Company owns a 40% economic interest. The joint venture holds an exclusive license for the Tommy Hilfiger brand in Brazil that became effective on January 4, 2013. This investment is being accounted for under the equity method of accounting. China In 2011, the Company formed a joint venture, TH Asia Ltd., in China, in which the Company owns a 45% economic interest. The joint venture assumed direct control of the Tommy Hilfiger wholesale and retail distribution businesses in China from the prior licensee on August 1, 2011. This investment is being accounted for under the equity method of accounting. India In 2011, the Company completed an acquisition from Ganesha Limited and Ganesha Brands Limited, both of which are affiliates of GVM International Limited (“GVM”), of a 50% economic interest in a company that has since been renamed Tommy Hilfiger Arvind Fashion Private Limited (“TH India”). TH India is the direct licensee of the trademarks for all categories (other than fragrance), operates a wholesale apparel, footwear and handbags business in connection with its license, and sublicenses the trademarks for certain other product categories. This investment is being accounted for under the equity method of accounting. Included in other assets in the Company’s Consolidated Balance Sheets as of May 5, 2013, February 3, 2013 and April 29, 2012 is $63,326, $62,021 and $49,355, respectively, related to these investments in unconsolidated affiliates. |
X | ||||||||||
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X | ||||||||||
- Definition
The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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REDEEMABLE NON-CONTROLLING INTEREST
|
3 Months Ended |
---|---|
May 05, 2013
|
|
Redeemable Non-Controlling Interest Disclosure [Abstract] | |
REDEEMABLE NON-CONTROLLING INTEREST | REDEEMABLE NON-CONTROLLING INTEREST As a result of the acquisition of Warnaco, the Company owns a 51% interest in a joint venture in India, Premium Garments Wholesale Trading Private Limited (“CK India”), that is consolidated in the Company’s financial statements. The Shareholders Agreement entered into by the parties to the joint venture (the “Shareholders Agreement”) contains a put option under which the non-controlling shareholders can require the Company to purchase all or a portion of their shares in the joint venture (i) at any date if the Company (x) commits a material breach, as defined in the Shareholders Agreement, that is not cured, or (y) becomes insolvent; or (ii) at any date after July 8, 2013, with respect to one of the non-controlling shareholders (24% ownership), or after July 8, 2015, with respect to the other non-controlling shareholder (25% ownership). The put price is the fair market value of the shares on the redemption date based upon a multiple of the joint venture’s earnings before interest, taxes, depreciation and amortization for the prior 12 months, less the joint venture’s net debt and any amounts owed to the Company by the non-controlling shareholders. The Shareholders Agreement also contains a call option, under which the Company can require any of the non-controlling shareholders to sell their shares to the Company (i) at any date in the event that any non-controlling shareholder commits a material breach, as defined in the Shareholders Agreement, under any of the agreements related to the joint venture, that is not cured; or (ii) at any date after July 8, 2015. The call price is determined by the same method as the put price (as described above). The fair value of the non-controlling interest as of the date of the Warnaco acquisition was estimated to be $5,600, which is subject to change pending the finalization of the valuation of the acquisition consideration allocation. Subsequent changes in the fair value of the redeemable non-controlling interest will be recognized immediately as they occur, since it is probable that the non-controlling interest will become redeemable in the future based on the passage of time. As a result, the carrying amount of the redeemable non-controlling interest will be adjusted to equal the fair value at the end of each reporting period, provided that the fair value at the end of each reporting period cannot be lower than the initial fair value. Any fair value adjustment to the carrying amount is determined after attribution of net income and other comprehensive income of the non-controlling interest. After initial measurement, the attribution of any net losses of the non-controlling interest cannot exceed the amount of any increase in fair value above the initial fair value. Any fair value adjustment to the carrying amount of the redeemable non-controlling interest will be recognized immediately in retained earnings of the Company. No fair value adjustments to the carrying amount recorded as of the acquisition date were made during the thirteen weeks ended May 5, 2013, but the carrying amount was adjusted for net income and other comprehensive income during the thirteen weeks ended May 5, 2013. As of May 5, 2013, the carrying value of the redeemable non-controlling interest was $5,746. |
X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GOODWILL AND OTHER INTANGIBLE ASSETS
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May 05, 2013
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Notes to Financial Statements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GOODWILL | GOODWILL AND OTHER INTANGIBLE ASSETS The acquisition of Warnaco has significantly impacted the way the Company and its chief operating decision maker manage and analyze its operating results. As such, the Company has changed its reportable segments. Please see Note 18, “Segment Data,” for a further discussion. This change in segments resulted in a reallocation of goodwill amongst some of the Company’s reportable segments. Prior period data has been retrospectively adjusted to reflect this reallocation. The changes in the carrying amount of goodwill for the thirteen weeks ended May 5, 2013, by segment, were as follows:
The Company is required to make contingent purchase price payments to Mr. Calvin Klein in connection with the Company’s acquisition in 2003 of all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies (collectively, “Calvin Klein”). Such payments are based on 1.15% of total worldwide net sales, as defined in the acquisition agreement (as amended), of products bearing any of the Calvin Klein brands and are required to be made with respect to sales made through February 12, 2018. A significant portion of the sales on which the payments to Mr. Klein are made are wholesale sales by the Company and its licensees and other partners to retailers. The Company’s intangible assets consisted of the following:
(1) The change from February 3, 2013 to May 5, 2013 primarily relates to intangible assets recorded in connection with the acquisition of Warnaco. The acquired customer relationships are amortized principally over 10 years, order backlog is amortized principally over 6 months and reacquired license rights are amortized principally over 33 years from the date of the acquisition. As of May 5, 2013, the weighted average life of the amortizable intangible assets recorded in connection with the acquisition of Warnaco was 26.4 years. Amortization expense related to the Company’s amortizable intangible assets was $53,361 and $3,386 for the thirteen weeks ended May 5, 2013 and April 29, 2012, respectively. Amortization expense, a portion of which is subject to exchange rate fluctuation, for the remainder of 2013 and the next five years thereafter related to the Company’s intangible assets as of May 5, 2013 is expected to be as follows:
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The entire disclosure for goodwill. No definition available.
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RETIREMENT AND BENEFIT PLANS
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May 05, 2013
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RETIREMENT AND BENEFIT PLANS | RETIREMENT AND BENEFIT PLANS The Company has six noncontributory defined benefit pension plans covering substantially all employees resident in the United States who meet certain age and service requirements. For those vested (after five years of service), the plans provide monthly benefits upon retirement based on career compensation and years of credited service. The Company refers to these six plans as its “Pension Plans.” The Company also has for certain members of Tommy Hilfiger’s domestic senior management a supplemental executive retirement plan, which is an unfunded non-qualified supplemental defined benefit pension plan. Such plan is frozen and, as a result, participants do not accrue additional benefits. In addition, the Company has a capital accumulation program, which is an unfunded non-qualified supplemental defined benefit plan, covering two current and 16 retired executives as of May 5, 2013. Under the individual participants’ agreements, the participants in this plan will receive a predetermined amount during the 10 years following the attainment of age 65, provided that prior to the termination of employment with the Company, the participant has been in the plan for at least 10 years and has attained age 55. The Company also has for certain employees resident in the United States who meet certain age and service requirements an unfunded non-qualified supplemental defined benefit pension plan, which provides benefits for compensation in excess of Internal Revenue Service earnings limits and requires payments to vested employees upon, or shortly after, employment termination or retirement. The Company refers to these three plans as its “SERP Plans.” The Company also provides certain postretirement health care and life insurance benefits to certain retirees resident in the United States. Retirees contribute to the cost of this plan, which is unfunded. During 2002, the postretirement plan was amended to eliminate the Company contribution, which partially subsidized benefits, for active participants who, as of January 1, 2003, had not attained age 55 and 10 years of service. As a result of the Company’s acquisition of Warnaco, the Company also provides certain postretirement health care and life insurance benefits to certain Warnaco retirees resident in the United States. Retirees contribute to the cost of this plan, which is unfunded. The Company refers to these two plans as its “Postretirement Plans.” During the fourth quarter of 2012, the Company changed its method of accounting for actuarial gains and losses for its pension and other postretirement plans. Historically, the Company recognized actuarial gains and losses for its pension and other postretirement obligations and pension plan assets as a component of other comprehensive income in the periods in which they arose. As set forth in the Financial Accounting Standards Board (“FASB”) guidance for pension and other postretirement plans, the Company amortized actuarial gains and losses (to the extent they exceeded a 10% corridor) in future periods over the average remaining service period of active employees or, if substantially all plan participants were inactive, over the average remaining life expectancy of inactive participants, as a component of its net periodic benefit cost. The Company elected in the fourth quarter of 2012 to begin to immediately recognize actuarial gains and losses in its operating results in the year in which they occur. These gains and losses are measured at least annually as of the end of the Company’s fiscal year and, as such, will generally be recognized during the fourth quarter of each year. Additionally, beginning in the fourth quarter of 2012, the Company no longer calculates expected return on plan assets using a permitted averaging technique for market-related value of plan assets but instead uses the fair value of plan assets. The financial data for all prior periods presented has been retrospectively adjusted to reflect the effect of these accounting changes. Net benefit cost was recognized in selling, general and administrative expenses as follows:
Currently, the Company expects to make contributions of approximately $60,000 to its pension plans in 2013, which includes a $30,000 contribution made during the thirteen weeks ended May 5, 2013 to fund the pension plan that the Company acquired in connection with the Warnaco acquisition. The Company’s actual contributions may differ from planned contributions due to many factors, including changes in tax and other benefit laws, or significant differences between expected and actual pension asset performance or interest rates. |
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The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DEBT
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May 05, 2013
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DEBT | DEBT Short-Term Borrowings One of the Company’s subsidiaries has a Yen-denominated overdraft facility with a Japanese bank, which provides for borrowings of up to ¥1,000,000 (approximately $10,200 based on exchange rates in effect on May 5, 2013) and is utilized to fund working capital. Borrowings under the facility are unsecured and bear interest at the one-month Japanese interbank borrowing rate (“TIBOR”) plus 0.15%. Such facility renews automatically unless the Company gives notice of termination. The full amount of this facility was borrowed as of May 5, 2013. The weighted average interest rate on the funds borrowed at May 5, 2013 was 0.33%. One of Warnaco’s European subsidiaries has short-term revolving notes with a number of banks at various interest rates, as well as a Euro-denominated overdraft facility, which are used to fund working capital. The total amount of borrowings outstanding as of May 5, 2013 was $1,898. The weighted average interest rate on the borrowings outstanding at May 5, 2013 was 4.28%. CK India has Rupee-denominated revolving credit facilities with a local lender. These facilities provide for total borrowings of up to ₨195,000 (approximately $3,600 based on exchange rates in effect on May 5, 2013) and are utilized to fund CK India’s working capital needs. Borrowings under the facilities bear interest at various interest rates, primarily based on a base rate set by the lending bank. As of May 5, 2013 the Company had approximately $2,600 of borrowings outstanding under these facilities and the weighted average interest rate on the funds borrowed at May 5, 2013 was 9.59%. The maximum amount of borrowings outstanding under these facilities during the first quarter of 2013 was approximately $2,600. One of Warnaco’s Asian subsidiaries has a short-term $10,000 revolving credit facility to be used for working capital and general corporate purposes. Borrowings under the facility bear interest at 1.75% plus the one-month London interbank borrowing rate (“LIBOR”). At the end of each month, amounts outstanding under this facility may be carried forward for additional one-month periods for up to one year. The facility was renewed in September 2012 and may be renewed annually in the future. The facility is subject to certain terms and conditions and may be terminated at any time at the discretion of the lender. There were no borrowings outstanding under this facility as of or during the quarter ended May 5, 2013. One of Warnaco’s Korean subsidiaries has a Won-denominated short-term revolving credit facility with one lender that provides for borrowings of up to ₩3,000,000 (approximately $2,700 based on exchange rates in effect on May 5, 2013). Borrowings under the facility bear interest at the three-month Cost of Funds Index rate plus a specified margin. There were no borrowings outstanding under this facility as of or during the quarter ended May 5, 2013. One of Warnaco’s Brazilian subsidiaries has Real-denominated short-term revolving credit facilities with a number of banks that provide for total available borrowings of R$44,000 (approximately $21,900 based on exchange rates in effect on May 5, 2013). Borrowings under the facilities bear interest at various interest rates. There were no borrowings outstanding under these facilities as of or during the quarter ended May 5, 2013. Long-Term Debt The carrying amounts of the Company’s long-term debt were as follows:
As of May 5, 2013, after taking into account the interest rate swap agreement discussed below, approximately 40% of the Company’s long-term debt was at a fixed rate with the remainder at variable rates. Prior Senior Secured Credit Facilities On May 6, 2010, the Company entered into senior secured credit facilities, which it amended and restated on March 2, 2011 (“the amended facilities”). The amended facilities consisted of a Euro-denominated term loan A facility, a United States dollar-denominated term loan A facility, a Euro-denominated term loan B facility, a United States dollar-denominated term loan B facility, a United States dollar-denominated revolving credit facility and two multi-currency (one United States dollar and Canadian dollar, and the other Euro, Japanese Yen and British Pound) revolving credit facilities. The amended facilities provided for initial borrowings of up to an aggregate of approximately $1,970,000 (based on applicable exchange rates on March 2, 2011), consisting of (i) an aggregate of approximately $1,520,000 of term loan facilities; and (ii) approximately $450,000 of revolving credit facilities. The Company made payments of $30,292 on its term loans under the amended facilities during the thirteen weeks ended April 29, 2012. On February 13, 2013, in connection with the Warnaco acquisition, the Company modified and extinguished its previously outstanding amended facilities and repaid all outstanding borrowings thereunder, as discussed in the section entitled “New Senior Secured Credit Facilities” below. New Senior Secured Credit Facilities On February 13, 2013, simultaneously with and related to the closing of the Warnaco acquisition, the Company entered into new senior secured credit facilities (“the new facilities”), the proceeds of which were used to fund a portion of the acquisition, repay all outstanding borrowings under its previously outstanding senior secured credit facilities and repay all of Warnaco’s previously outstanding long-term debt. The new facilities consist of a $1,700,000 United States dollar-denominated Term Loan A (recorded net of an original issue discount of $7,325 as of the acquisition date), a $1,375,000 United States dollar-denominated Term Loan B (recorded net of an original issue discount of $6,875 as of the acquisition date) and senior secured revolving credit facilities in an aggregate principal amount of $750,000 (based on the applicable exchange rates on February 13, 2013), consisting of (a) a $475,000 United States dollar-denominated revolving credit facility, (b) a $25,000 United States dollar-denominated revolving credit facility available in United States dollars or Canadian dollars and (c) a €185,850 Euro-denominated revolving credit facility available in Euro, Pounds Sterling, Japanese Yen and Swiss Francs. In connection with entering into the new facilities and repaying all outstanding borrowings under its previously outstanding senior secured credit facilities and all of Warnaco’s previously outstanding long-term debt, the Company paid debt issuance costs of $67,370 (of which $34,638 was expensed as debt modification and extinguishment costs and $32,732 will be amortized over the term of the related debt agreement) and recorded additional debt modification and extinguishment costs of $5,757 to write-off previously capitalized debt issuance costs. As of May 5, 2013, the full amounts of the term loans were outstanding. The revolving credit facilities include amounts available for letters of credit. As of May 5, 2013, the Company had drawn no revolving credit borrowings and approximately $92,794 of letters of credit. A portion of both United States dollar-denominated revolving credit facilities is also available for the making of swingline loans. The issuance of such letters of credit and the making of any swingline loan reduces the amount available under the applicable revolving credit facility. So long as certain conditions are satisfied, the Company may add one or more term loan facilities or increase the commitments under the revolving credit facilities by an aggregate amount not to exceed the greater of (a) $750,000 and (b) $1,250,000 as long as the ratio of the Company’s senior secured net debt to consolidated adjusted earnings before interest, taxes, depreciation and amortization (in each case calculated as set forth in the documentation relating to the new facilities) would not exceed 3 to 1 after giving pro forma effect to the incurrence of such increase, plus, in either case, an amount equal to the aggregate revolving commitments of any defaulting lender (to the extent the commitments with respect thereto have been terminated). The lenders under the new facilities are not required to provide commitments with respect to such additional facilities or increased commitments. The terms of each of Term Loan A and Term Loan B contain a mandatory repayment schedule on a quarterly basis, such that the total annual repayments are as follows:
The outstanding borrowings under the new facilities are prepayable at any time without penalty. The terms of the new facilities require the Company to repay certain amounts outstanding thereunder with (a) net cash proceeds of the incurrence of certain indebtedness, (b) net cash proceeds of certain asset sales or other dispositions (including as a result of casualty or condemnation) that exceed certain thresholds, to the extent such proceeds are not reinvested or committed to be reinvested in the business in accordance with customary reinvestment provisions and (c) a percentage of excess cash flow, which percentage is based upon the Company’s net leverage ratio during the relevant fiscal period. The United States dollar-denominated borrowings under the new facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company’s option, either (a) a base rate determined by reference to the greater of (i) the prime rate, (ii) the United States federal funds rate plus 1/2 of 1.00% and (iii) a one-month adjusted Eurocurrency rate plus 1.00% (provided that, in the case of Term Loan B, in no event will the base rate be deemed to be less than 1.75%) or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities (provided that, in the case of Term Loan B, in no event will the adjusted Eurocurrency rate be deemed to be less than 0.75%). Canadian dollar-denominated borrowings under the new revolving credit facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company’s option, either (a) a Canadian prime rate determined by reference to the greater of (i) the rate of interest per annum that Royal Bank of Canada establishes at its main office in Toronto, Ontario as the reference rate of interest in order to determine interest rates for loans in Canadian Dollars to its Canadian borrowers and (ii) the sum of (x) the average of the rates per annum for Canadian Dollar bankers’ acceptances having a term of one month that appears on the display referred to as “CDOR Page” of Reuters Monitor Money Rate Services as of 10:00 a.m. (Toronto time) on the date of determination, as reported by the administrative agent (and if such screen is not available, any successor or similar service as may be selected by the administrative agent), and (y) 0.75%, or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities. The borrowings under the new revolving credit facilities in currencies other than United States dollars or Canadian dollars bear interest at a rate equal to an applicable margin plus an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities. The current applicable margins are in the case of Term Loan A and the revolving credit facilities, 2.00% for adjusted Eurocurrency rate loans and 1.00% for base rate loans, as applicable. The applicable margins in the case of Term Loan B are fixed at 2.50% for adjusted Eurocurrency rate loans and 1.50% for base rate loans, respectively. After the date of delivery of the compliance certificate and financial statements with respect to the Company’s fiscal quarter ending May 5, 2013, the applicable margin for borrowings under Term Loan A and the revolving credit facilities will be adjusted based on the Company’s quarter end net leverage ratio. During the second quarter of 2011, the Company entered into an interest rate swap agreement for a three-year term commencing on June 6, 2011. The agreement was designed with the intended effect of converting an initial notional amount of $632,000 of the Company’s variable rate debt obligation under its previously outstanding United States dollar-denominated senior secured term loan A facility, or any replacement facility with similar terms, to fixed rate debt. Such agreement remains outstanding subsequent to the repayment of the Company’s previously outstanding amended facility and is now converting a portion of the Company’s variable rate debt obligation under its new Term Loan A facility to fixed rate debt. According to a pre-set schedule during the term of the swap agreement, the initial notional amount was reduced to $447,808 as of May 5, 2013 and will continue to be reduced such that based on the Company’s projections for future debt repayments, the Company’s outstanding debt under the new Term Loan A facility is expected to always equal or exceed the then-outstanding notional amount of the swap. Under the terms of the agreement for the then-outstanding notional amount, the Company’s exposure to fluctuations in the three-month LIBOR is eliminated, and it will pay a fixed rate of 1.197%, plus the current applicable margin. The new facilities contain covenants that restrict the Company’s ability to finance future operations or capital needs, to take advantage of other business opportunities that may be in its interest or to satisfy its obligations under its other outstanding debt. These covenants restrict the Company’s ability to, among other things:
The new facilities require the Company to comply with certain financial covenants, including minimum interest coverage and maximum net leverage, beginning with its fiscal quarter ending August 4, 2013. A breach of any of these operating or financial covenants would result in a default under the applicable facility. If an event of default occurs and is continuing, the lenders could elect to declare all amounts then outstanding, together with accrued interest, to be immediately due and payable which would result in acceleration of the Company’s other debt. If the Company was unable to repay any such borrowings when due, the lenders could proceed against their collateral, which also secures some of the Company’s other indebtedness. 4 1/2% Senior Notes Due 2022 On December 20, 2012, the Company issued $700,000 principal amount of 4 1/2% senior notes due December 15, 2022 in connection with the Warnaco acquisition. Interest on the 4 1/2% notes is payable semi-annually in arrears on June 15 and December 15 of each year, beginning on June 15, 2013. The Company paid $16,257 of fees in the first quarter of 2013 in connection with the issuance of these notes, which will be amortized over the term of the notes. The Company may redeem some or all of these notes at any time prior to December 15, 2017 by paying a “make whole” premium plus any accrued and unpaid interest. Subject to certain conditions, the Company may also redeem up to 35% of these notes prior to December 15, 2015 with the net cash proceeds of certain equity offerings without having to pay a penalty or “make whole” premium. In addition, the Company may redeem some or all of these notes on or after December 15, 2017 at specified redemption prices plus any accrued and unpaid interest. The Company’s ability to pay cash dividends and make other restricted payments is limited, in each case, over specified amounts as defined in the indenture governing the notes. 7 3/8% Senior Notes Due 2020 On May 6, 2010, the Company issued $600,000 principal amount of 7 3/8% senior notes due May 15, 2020. Interest on the 7 3/8% notes is payable semi-annually in arrears on May 15 and November 15 of each year. The Company may redeem some or all of these notes on or after May 15, 2015 at specified redemption prices plus any accrued and unpaid interest. The Company may redeem some or all of these notes at any time prior to May 15, 2015 by paying a “make whole” premium plus any accrued and unpaid interest. In addition, subject to certain conditions, the Company may also redeem up to 35% of these notes prior to May 15, 2013, by paying a set premium, with the net proceeds of certain equity offerings. The Company’s ability to pay cash dividends and make other restricted payments is limited, in each case, over specified amounts as defined in the indenture governing the notes. 7 3/4% Debentures Due 2023 The Company has outstanding $100,000 of debentures due on November 15, 2023 with a yield to maturity of 7.80%. The debentures accrue interest at the rate of 7 3/4%, which is payable semi-annually. Pursuant to the indenture governing the debentures, the Company must maintain a certain level of stockholders’ equity in order to pay cash dividends and make other restricted payments, as defined in the indenture governing the debentures. |
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The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INCOME TAXES
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Notes to Financial Statements [Abstract] | |
INCOME TAXES | INCOME TAXES The effective income tax rates for the thirteen weeks ended May 5, 2013 and April 29, 2012 were 48.9% and 24.7%, respectively. The effective income tax rate for the thirteen weeks ended May 5, 2013 was higher than the United States statutory rate due to the benefit of the overall lower tax rates in international jurisdictions where the Company files tax returns, which was also impacted by the Warnaco acquisition, combined with the benefit of certain discrete items recorded during the quarter, partially offset by state and local taxes. Since the Company had a pre-tax loss in the current quarter, tax benefits caused the effective tax rate to increase whereas such benefits will lower the tax rate in periods with pre-tax income. The effective income tax rate for the thirteen weeks ended April 29, 2012 was lower than the United States statutory rate due to the benefit of the overall lower tax rates in international jurisdictions where the Company files tax returns, partially offset by state and local taxes. |
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The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DERIVATIVE FINANCIAL INSTRUMENTS
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DERIVATIVE FINANCIAL INSTRUMENTS | DERIVATIVE FINANCIAL INSTRUMENTS The Company has exposure to changes in foreign currency exchange rates related to certain anticipated cash flows associated with certain international inventory purchases. In addition, the Company has exposure to changes in foreign currency exchange rates on certain intercompany loans. To help manage these exposures, the Company periodically uses foreign currency forward exchange contracts. The Company also has exposure to interest rate volatility related to its senior secured term loan facilities. The Company has entered into an interest rate swap agreement to hedge against this exposure. Please see Note 8, “Debt,” for a further discussion of the Company’s senior secured term loan facilities and this agreement. The Company had also entered into an interest rate cap agreement, which expired on September 6, 2012. The Company records the foreign currency forward exchange contracts and interest rate contracts at fair value in its Consolidated Balance Sheets. Changes in fair value of the foreign currency forward exchange contracts associated with certain international inventory purchases and the interest rate contracts (collectively referred to as “cash flow hedges”) that are designated as effective hedging instruments are recorded in equity as a component of accumulated other comprehensive income (loss) (“AOCI”). The cash flows from such hedges are presented in the same category on the Consolidated Statements of Cash Flows as the items being hedged. Any ineffectiveness in such cash flow hedges is immediately recognized in earnings and no contracts were excluded from effectiveness testing. In addition, changes in the fair value of foreign currency forward exchange contracts that are not designated as effective hedging instruments are immediately recognized in earnings, including the changes in fair value of all of the foreign exchange contracts related to intercompany loans which are not of a long-term investment nature. Any gains and losses that are immediately recognized in earnings on such contracts related to intercompany loans are largely offset by the remeasurement of the underlying intercompany loan balances. The Company does not use derivative financial instruments for trading or speculative purposes. The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for the Company’s derivative financial instruments:
At May 5, 2013, the notional amount outstanding of foreign currency forward exchange contracts for inventory purchases and intercompany loans was approximately $364,000 and $98,000, respectively. Such contracts expire principally between May 2013 and May 2014 for inventory purchases and between May 2013 and January 2014 for intercompany loans. The following table summarizes the effect of the Company’s hedges designated as cash flow hedging instruments:
There was no ineffective portion of hedges designated as cash flow hedging instruments during the thirteen weeks ended May 5, 2013 and April 29, 2012. A net loss in AOCI on foreign currency forward exchange contracts at May 5, 2013 of $4,514 is estimated to be reclassified in the next 12 months in the Consolidated Income Statements to costs of goods sold as the underlying inventory is purchased and sold. In addition, a net loss in AOCI for interest rate contracts at May 5, 2013 of $3,242 is estimated to be reclassified to interest expense within the next 12 months. The following table summarizes the effect of the Company’s foreign currency forward exchange contracts that were not designated as cash flow hedges:
The Company had no derivative financial instruments with credit risk related contingent features underlying the related contracts as of May 5, 2013. |
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The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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FAIR VALUE MEASUREMENTS
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FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS FASB guidance for fair value measurements defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It also establishes a three level hierarchy that prioritizes the inputs used to measure fair value. The three levels of the hierarchy are defined as follows: Level 1 – Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 – Observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in inactive markets, inputs other than quoted prices that are observable for the asset or liability and inputs derived principally from or corroborated by observable market data. Level 3 – Unobservable inputs reflecting the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability based on the best information available. In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:
The fair value of the foreign currency forward exchange contracts is measured as the total amount of currency to be purchased, multiplied by the difference between (i) the forward rate as of the period end and (ii) the settlement rate specified in each contract. The fair values of the interest rate contracts are based on observable interest rate yield curves and represent the expected discounted cash flows underlying the financial instruments. Pursuant to the agreement governing the reacquisition of the rights in India to the Tommy Hilfiger trademarks, the Company is required to make annual contingent purchase price payments based on a percentage of annual sales in excess of an agreed upon threshold of Tommy Hilfiger products in India for a period of five years (or, under certain circumstances, a period of six years) following the acquisition date. Such payments are subject to a $25,000 aggregate maximum and are due within 60 days following each one-year period. The first one-year period commenced on July 1, 2011. During the third quarter of 2012, the Company made a contingent purchase price payment of $185 for the first one year period. The Company is required to remeasure this liability at fair value on a recurring basis and classifies this as a Level 3 measurement. The fair value of such contingent purchase price payments was determined using the discounted cash flow method, based on net sales projections for the Tommy Hilfiger apparel and accessories businesses in India, and was discounted using rates of return that account for the relative risks of the estimated future cash flows. Excluding the initial recognition of the liability for the contingent purchase price payments and payments made to reduce the liability, changes in the fair value are included within selling, general and administrative expenses. The following table presents the change in the Level 3 contingent purchase price payment liability for the thirteen weeks ended May 5, 2013 and April 29, 2012:
Additional information with respect to assumptions used to value the contingent purchase price payment liability is as follows:
A five percentage point increase or decrease in the discount rate would change the liability by approximately $1,000. A five percentage point increase or decrease in the compounded annual net sales growth rate would change the liability by approximately $1,000. There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements. There were no non-financial assets or liabilities that were required to be remeasured at fair value on a non-recurring basis during the thirteen weeks ended May 5, 2013 and April 29, 2012. The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt as of May 5, 2013, February 3, 2013 and April 29, 2012 were as follows:
The fair values of cash and cash equivalents and short-term borrowings approximate their carrying values due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable quarter. The Company classifies the measurement of its long-term debt as a Level 1 measurement. |
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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STOCK-BASED COMPENSATION
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION The Company grants stock-based awards under its 2006 Stock Incentive Plan (the “2006 Plan”). The 2006 Plan replaced the Company’s 2003 Stock Option Plan (the “2003 Plan”). The 2003 Plan terminated upon the 2006 Plan’s initial stockholder approval in June 2006, other than with respect to outstanding options under the 2003 Plan, which continue to be governed by the 2003 Plan. Shares issued as a result of stock-based compensation transactions generally have been funded with the issuance of new shares of the Company’s common stock. The Company may grant the following types of incentive awards under the 2006 Plan: (i) non-qualified stock options (“NQs”); (ii) incentive stock options (“ISOs”); (iii) stock appreciation rights; (iv) restricted stock; (v) restricted stock units (“RSUs”); (vi) performance share units; and (vii) other stock-based awards. Each award granted under the 2006 Plan is subject to an award agreement that incorporates, as applicable, the exercise price, the term of the award, the periods of restriction, the number of shares to which the award pertains, applicable performance period(s) and performance measure(s), and such other terms and conditions as the plan committee determines. Through May 5, 2013, the Company has granted under the 2006 Plan: (i) service-based NQs, RSUs and restricted stock; (ii) contingently issuable performance share units; and (iii) RSUs that are intended to satisfy the performance-based condition for deductibility under Section 162(m) of the Internal Revenue Code. According to the terms of the 2006 Plan, for purposes of determining the number of shares available for grant, each share underlying a stock option award reduces the number available by one share, each share underlying a restricted stock award reduces the number available by two shares and each share underlying an RSU or performance share unit award reduces the number available by three shares for awards made before April 29, 2009 and by two shares for awards made on or after April 29, 2009. The per share exercise price of options granted under the 2006 Plan cannot be less than the closing price of the common stock on the date of grant (the business day prior to the date of grant for awards granted prior to September 21, 2006). The Company currently has service-based NQs and ISOs outstanding under the 2003 Plan. Such options were granted with an exercise price equal to the closing price of the Company’s common stock on the business day immediately preceding the date of grant. Under the terms of the merger agreement in connection with the Warnaco acquisition, each outstanding award of Warnaco stock options, restricted stock and restricted stock units has been assumed by the Company and converted into an award of the same type, and, subject to the same terms and conditions, but payable in shares of Company common stock. The stock options are generally exercisable in three equal annual installments commencing one year after the date of original grant and the RSUs and restricted stock awards generally vest three years after the date of original grant, principally on a cliff basis. The Company accounted for the replacement awards as a modification of the existing awards. As such, a new fair value was assigned to the awards, a portion of which is included as part of the merger consideration. The merger consideration of $39,752 was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the effective time of the Warnaco acquisition, net of the estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date. The remaining fair value, net of forfeitures, is being expensed on a straight-line basis over the awards’ remaining vesting periods. Net (loss) income for the thirteen weeks ended May 5, 2013 and April 29, 2012 included $18,897 and $10,516, respectively, of pre-tax expense related to stock-based compensation. Stock options currently outstanding, with the exception of the Warnaco employee replacement awards discussed above, are generally cumulatively exercisable in four equal annual installments commencing one year after the date of grant. The vesting of such options outstanding is also generally accelerated upon retirement (as defined in the applicable plan). Such options are generally granted with a 10-year term. The Company estimates the fair value of stock options granted at the date of grant using the Black-Scholes-Merton model. The estimated fair value of the options, net of estimated forfeitures, is expensed on a straight-line basis over the options’ vesting periods. The following summarizes the assumptions used to estimate the fair value of service-based stock options granted during the thirteen weeks ended May 5, 2013 (with the exception of the Warnaco employee replacement stock options) and April 29, 2012:
The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving option grants. The Company will continue to evaluate the appropriateness of utilizing such method. The following summarizes the assumptions used to estimate the fair value of the Warnaco employee stock options that were replaced at the effective time of the acquisition:
Service-based stock option activity for the thirteen weeks ended May 5, 2013 was as follows:
RSUs granted to employees, with the exception of the Warnaco employee replacement awards, generally vest in three annual installments of 25%, 25% and 50% commencing two years after the date of grant. Service-based RSUs granted to non-employee directors vest in four equal annual installments commencing one year after the date of grant for awards granted prior to 2010 and vest in full one year after the date of grant for awards granted during or after 2010. The underlying RSU award agreements (excluding agreements for non-employee director awards made during or after 2010) generally provide for accelerated vesting upon the award recipient’s retirement (as defined in the 2006 Plan). The fair value of service-based RSUs, with the exception of the Warnaco employee replacement awards, is equal to the closing price of the Company’s common stock on the date of grant and is expensed, net of estimated forfeitures, on a straight-line basis over the RSUs’ vesting periods. RSU activity for the thirteen weeks ended May 5, 2013 was as follows:
The Company’s restricted stock awards consist solely of awards to Warnaco employees that were replaced with the Company’s restricted stock as of the effective time of the acquisition. The fair value of restricted stock with respect to awards for which the vesting period had not lapsed as of the acquisition date was equal to the closing price of the Company’s common stock on February 12, 2013 and is expensed, net of forfeitures, on a straight-line basis over the vesting period. Restricted stock activity for the thirteen weeks ended May 5, 2013 was as follows:
The Company granted contingently issuable performance share awards to certain of the Company’s senior executives during the first quarter of each of 2012 and 2013 subject to a performance period of two years and a service period of one year beyond the performance period. The Company granted contingently issuable performance share unit awards to all of the Company’s senior executives (other than senior executives of Tommy Hilfiger) on May 6, 2010 subject to a performance period of three years. The holders of the awards granted on May 6, 2010 that were subject to a performance period of three years earned an aggregate of 498 shares as a result of the Company’s performance during such three-year period. For the awards granted in the first quarter of each of 2012 and 2013, the final number of shares that will be earned, if any, is contingent upon the Company’s achievement of goals for each of the performance periods based on both earnings per share growth and return on equity for the awards granted in the first quarter of 2012 and earnings per share growth for the awards granted in the first quarter of 2013 during the applicable performance cycle. The Company records expense for the contingently issuable performance share units ratably over each applicable vesting period based on fair value and the Company’s current expectations of the probable number of shares that will ultimately be issued. The fair value of the contingently issuable performance share units is equal to the closing price of the Company’s common stock on the date of grant, reduced for the present value of any dividends expected to be paid on the Company’s common stock during the performance cycle, as these contingently issuable performance shares do not accrue dividends prior to the completion of the performance cycle. Performance share unit activity for the thirteen weeks ended May 5, 2013 was as follows:
The Company receives a tax deduction for certain transactions associated with its stock plan awards. The actual income tax benefits realized from these transactions for the thirteen weeks ended May 5, 2013 and April 29, 2012 were $39,816 and $4,363, respectively. Of those amounts, $14,788 and $2,912, respectively, were reported as excess tax benefits. Excess tax benefits arise when the actual tax benefit resulting from a stock plan award transaction exceeds the tax benefit associated with the grant date fair value of the related stock award. |
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The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACCUMULATED OTHER COMPREHENSIVE INCOME ACCUMULATED OTHER COMPREHENSIVE INCOME
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Accumulated Other Comprehensive Income [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ACCUMULATED OTHER COMPREHENSIVE INCOME The following table presents the changes in AOCI (net of tax) by component for the thirteen weeks ended May 5, 2013:
The following table presents reclassifications out of AOCI to earnings for the thirteen weeks ended May 5, 2013:
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The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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STOCKHOLDERS' EQUITY
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May 05, 2013
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Equity [Abstract] | |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Common Stock Issuance On February 13, 2013, the Company issued 7,674 shares of its common stock, par value $1.00 per share, as part of the consideration paid to the former stockholders of Warnaco in connection with the acquisition. Series A Convertible Preferred Stock Issuance and Conversion In 2010, the Company sold 8 shares of Series A convertible preferred stock for net proceeds of $188,595 after related fees and expenses. During the first quarter of 2012, one of the holders of Series A convertible preferred stock converted an aggregate of $94,297 of the Series A convertible preferred stock, or 4 shares, into 2,095 shares of the Company’s common stock. The remaining shares of Series A convertible preferred stock were converted into the Company’s common stock during the fourth quarter of 2012. Holders of the Series A convertible preferred stock were entitled to vote and participate in dividends with the holders of the Company’s common stock on an as-converted basis. Due to the conversions of such stock, there were no outstanding shares of the Company’s Series A convertible preferred stock during the thirteen weeks ended May 5, 2013 and, on May 2, 2013, the Company filed with the Secretary of State of the State of Delaware a certificate eliminating the Series A convertible preferred stock. |
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The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACTIVITY EXIT COSTS
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ACTIVITY EXIT COSTS | ACTIVITY EXIT COSTS Warnaco Acquisition and Integration Costs In connection with the Company’s acquisition of Warnaco during the first quarter of 2013 and the related integration, the Company incurred certain costs related to severance and termination benefits, inventory liquidations and lease/contract terminations. Such costs were as follows:
Of the charges for severance, termination benefits and lease/contract termination and other costs incurred during the thirteen weeks ended May 5, 2013, $13,595 relate to selling, general and administrative expenses of the Calvin Klein North America segment, $12,010 relate to selling, general and administrative expenses of the Calvin Klein International segment, $7,023 relate to selling, general and administrative expenses of the Heritage Brands Wholesale segment and $25,076 relate to corporate expenses not allocated to any reportable segment. The liabilities at May 5, 2013 related to these costs were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets. The remaining charges for severance and termination benefits and lease/contract termination and other costs expected to be incurred relate principally to the aforementioned segments and corporate expenses not allocated to any reportable segment. Inventory liquidation costs incurred during the thirteen weeks ended May 5, 2013 were included in net sales of the Company’s Calvin Klein International segment (see Note 18, “Segment Data”). Tommy Hilfiger Integration and Exit Costs In connection with the Company’s acquisition and integration of Tommy Hilfiger and the related restructuring, the Company incurred certain costs related to severance and termination benefits, long-lived asset impairments, inventory liquidations and lease/contract terminations, including costs associated with the exit of certain Tommy Hilfiger product categories. All expected costs related to this acquisition and integration and the related restructuring were incurred by the end of 2012. Liabilities for severance and termination benefits and lease/contract termination costs recorded in connection with the acquisition and integration of Tommy Hilfiger and the related restructuring were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:
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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NET INCOME PER COMMON SHARE
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NET INCOME PER COMMON SHARE | NET (LOSS) INCOME PER COMMON SHARE In 2012, the Company utilized the two-class method of calculating basic net (loss) income per common share, as holders of the Company’s Series A convertible preferred stock participated in dividends with holders of the Company’s common stock prior to the conversion in 2012 of such convertible preferred stock into common stock. Net losses were not allocated to holders of the Series A convertible preferred stock. The Company computed its basic and diluted net (loss) income per common share as follows:
Potentially dilutive securities excluded from the calculation of diluted net (loss) income per common share were as follows:
Contingently issuable shares that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net (loss) income per common share for that period. The Company had contingently issuable awards outstanding that did not meet the performance conditions as of May 5, 2013 and April 29, 2012 and, therefore, were excluded from the calculation of diluted net (loss) income per common share for the thirteen weeks ended May 5, 2013 and April 29, 2012. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 193 and 686 as of May 5, 2013 and April 29, 2012, respectively. These amounts were also excluded from the computation of weighted average antidilutive securities. |
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NONCASH INVESTING AND FINANCING TRANSACTIONS
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Notes to Financial Statements [Abstract] | |
NONCASH INVESTING AND FINANCING TRANSACTIONS | NONCASH INVESTING AND FINANCING TRANSACTIONS During the thirteen weeks ended May 5, 2013 and April 29, 2012, the Company recorded increases to goodwill of $12,766 and $12,563, respectively, related to liabilities incurred for contingent purchase price payments to Mr. Calvin Klein. Such amounts are not due or paid in cash until 45 days subsequent to the Company’s applicable quarter end. As such, during the thirteen weeks ended May 5, 2013 and April 29, 2012, the Company paid $14,200 and $13,535, respectively, in cash related to contingent purchase price payments to Mr. Calvin Klein that were recorded as additions to goodwill during the periods the liabilities were incurred. During the first quarter of 2013, the Company issued 7,674 shares of its common stock, par value $1.00 per share (of which 416 shares were issued from treasury stock), as part of the consideration paid to the former stockholders of Warnaco in connection with the acquisition, which resulted in an increase in common stock of $7,258, an increase in additional paid in capital of $888,925 and a decrease in treasury stock of $30,269. In addition, the Company issued awards valued at $39,752 to replace outstanding stock awards made by Warnaco to its employees, which for accounting purposes are included in the total acquisition consideration. Also included in the acquisition consideration was the elimination of a $9,128 pre-acquisition liability to Warnaco. During the first quarter of 2013, the Company recorded a loss of $5,757 to write-off previously capitalized debt issuance costs in connection with the modification and extinguishment of its previously outstanding senior secured credit facilities. During the first quarter of 2012, one of the holders of the Company’s Series A convertible preferred stock converted an aggregate of 4 shares into 2,095 shares of the Company’s common stock, resulting in a decrease in Series A convertible preferred stock of $94,297, an increase in common stock of $2,095, and an increase in additional paid in capital of $92,202. The remaining shares of Series A convertible preferred stock were converted into the Company’s common stock during the fourth quarter of 2012. Please see Note 14, “Stockholders’ Equity.” |
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SEGMENT DATA
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May 05, 2013
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Notes to Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SEGMENT DATA | SEGMENT DATA The acquisition of Warnaco has significantly impacted the way the Company and its chief operating decision maker manage and analyze its operating results. As such, the Company has changed its reportable segments. Prior year periods have been restated in order to present that information on a basis consistent with the current year. The Company manages its operations through its operating divisions, which are presented as six reportable segments: (i) Calvin Klein North America; (ii) Calvin Klein International; (iii) Tommy Hilfiger North America; (iv) Tommy Hilfiger International; (v) Heritage Brands Wholesale; and (vi) Heritage Brands Retail. Calvin Klein North America segment - This segment consists of the Company’s Calvin Klein North America division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale in North America, primarily to department, mid-tier department and specialty stores; (ii) operating retail stores, which are primarily located in outlet centers, and an e-commerce website for North American customers, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the brand names Calvin Klein Collection, ck Calvin Klein and Calvin Klein for a broad array of products and retail services in North America. Calvin Klein International segment - This segment consists of the Company’s Calvin Klein International division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale principally in Europe, Asia and Brazil, primarily to department and specialty stores and franchise operators of Calvin Klein stores, and through distributors; (ii) operating retail stores in Europe, Asia and Brazil, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the brand names Calvin Klein Collection, ck Calvin Klein and Calvin Klein for a broad array of products and retail services outside of North America. Tommy Hilfiger North America segment - This segment consists of the Company’s Tommy Hilfiger North America division. This segment derives revenue principally from (i) marketing Tommy Hilfiger branded apparel and related products at wholesale in North America, primarily to department stores; and (ii) operating retail stores and an e-commerce website for North American customers, which sell Tommy Hilfiger branded apparel, accessories and related products. Tommy Hilfiger International segment - This segment consists of the Company’s Tommy Hilfiger International division. This segment derives revenue principally from (i) marketing Tommy Hilfiger branded apparel and related products at wholesale principally in Europe, primarily to department and specialty stores and franchise operators of Tommy Hilfiger stores, and through distributors and licensees; and (ii) operating retail stores in Europe and Japan, as well as operating an international e-commerce site, which sell Tommy Hilfiger branded apparel, accessories and related products. This segment also includes the Company’s proportionate share of the net income or loss of its investments in unconsolidated affiliates. Heritage Brands Wholesale segment - This segment consists of the Company’s heritage brands wholesale division. This segment derives revenue primarily from the marketing to department, mid-tier department and specialty stores in North America of: (i) dress shirts and neckwear under various owned and licensed brand names, including several private label brands; (ii) men’s sportswear under the brand names Van Heusen, IZOD and ARROW; (iii) swimwear, fitness apparel, swim accessories and related products under the brand name Speedo beginning in the first quarter of 2013; and (iv) women’s intimate apparel under the brand names Warner’s and Olga beginning in the first quarter of 2013. This segment also derived revenue through the second quarter of 2012 from marketing men’s sportswear under the brand name Timberland and through the third quarter of 2012 from marketing women’s sportswear under the brand name IZOD. Heritage Brands Retail segment - This segment consists of the Company’s Heritage Brands retail division. This segment derives revenue principally from operating retail stores, primarily in outlet centers in North America, which sell apparel, footwear, accessories and related products under the brand names Van Heusen, IZOD, Bass and G.H. Bass & Co. The following tables present summarized information by segment:
Intersegment transactions consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment and Calvin Klein North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage is eliminated principally in the Heritage Brands Retail segment and Calvin Klein North America segment. The following table presents the Company’s total assets by segment:
(1) Corporate at 2/3/13 included $700,000 of cash that arose from senior notes that were issued to fund a portion of the consideration for the Warnaco acquisition. |
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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GUARANTEES
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May 05, 2013
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Guarantees [Abstract] | |
GUARANTEES | GUARANTEES The Company guaranteed to a landlord the payment of rent and related costs by the tenant currently occupying space previously leased by the Company. The maximum amount guaranteed as of May 5, 2013 is approximately $3,700, which is subject to exchange rate fluctuation. The Company has the right to seek recourse of approximately $2,300 as of May 5, 2013, which is subject to exchange rate fluctuation. The guarantee expires on May 19, 2016. The Company has certain other guarantees whereby it guaranteed the payment of amounts on behalf of certain other parties, none of which are material individually or in the aggregate. |
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Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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RECENT ACCOUNTING GUIDANCE
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May 05, 2013
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Notes to Financial Statements [Abstract] | |
RECENT ACCOUNTING GUIDANCE | RECENT ACCOUNTING GUIDANCE The FASB issued in February 2013 guidance that requires an entity to provide information about significant amounts reclassified out of AOCI. For amounts that are required to be reclassified in their entirety to net income in the same reporting period, an entity must report the amounts by component and their corresponding effect on the respective line items of net income. Such information is required to be presented either on the face of the financial statements or as a separate disclosure in the footnotes to the financial statements. For other amounts that are not required to be reclassified to net income in their entirety, an entity is required to cross-reference to other disclosures. The Company adopted this guidance during the first quarter of 2013 and elected to present a separate disclosure in the Notes to Consolidated Financial Statements. The adoption did not have any impact on the Company’s consolidated results of operations or financial position. The FASB issued in March 2013 guidance that requires an entity to release any related cumulative translation adjustment into net income when it ceases to have a controlling financial interest in a subsidiary that is a foreign entity if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity. For an equity method investment that is a foreign entity, a pro rata portion of the cumulative translation adjustment related to the investment should be released into net income upon a partial sale of such investment. This guidance becomes effective for the Company in the first quarter of 2014. The adoption is not expected to have any impact on the Company’s consolidated results of operations or financial position. |
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Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GENERAL (Policies)
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May 05, 2013
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General [Abstract] | |
Fiscal Period | The Company’s fiscal years are based on the 52-53 week period ending on the Sunday closest to February 1 and are designated by the calendar year in which the fiscal year commences. |
Consolidation, Policy [Text Block] | The consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated in consolidation. Investments in entities that the Company does not control but has the ability to exercise significant influence over are accounted for using the equity method of accounting. Please see Note 4, “Investments in Unconsolidated Affiliates,” for a further discussion. The Company’s Consolidated Income Statements include its proportionate share of the net income or loss of these entities. As a result of the acquisition of The Warnaco Group, Inc. (“Warnaco”), the Company owns a majority interest in a joint venture in India that is consolidated and accounted for as a redeemable non-controlling interest. Please see Note 5, “Redeemable Non-Controlling Interest,” for a further discussion. The redeemable non-controlling interest represents the minority shareholders’ proportionate share (49%) of the equity in the Company’s consolidated subsidiary. |
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Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACQUISITIONS (Tables)
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Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition consideration [Table Text Block] | The acquisition date fair value of the acquisition consideration paid at closing totaled $3,137,056, which consisted of the following:
The fair value of the 7,674 common shares issued was equal to the aggregate value of the shares at the closing market price of the Company’s common stock on February 12, 2013, the day prior to the closing. The value of the replacement stock awards was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the time of the acquisition, reduced by an estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date. Also included in the acquisition consideration was the elimination of a $9,128 pre-acquisition liability to Warnaco. |
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Business acquisition, pro forma information [Table Text Block] | The following table presents the Company’s pro forma consolidated results of operations for the thirteen weeks ended May 5, 2013 and April 29, 2012 as if the acquisition and the related financing transactions had occurred on January 30, 2012 (the first day of its fiscal year ended February 3, 2013) instead of on February 13, 2013. The pro forma results were calculated applying the Company’s accounting policies and reflect (i) the impact on revenue, cost of goods sold and selling, general and administrative expenses resulting from the elimination of intercompany transactions; (ii) the impact on depreciation and amortization expense based on fair value adjustments to Warnaco’s property, plant and equipment and intangible assets recorded in connection with the acquisition; (iii) the impact on interest expense resulting from changes to the Company’s capital structure in connection with the acquisition; (iv) the impact on cost of goods sold resulting from acquisition date adjustments to the fair value of inventory; (v) the elimination of transaction costs related to the acquisition that were included in the Company’s results of operations for the thirteen weeks ended May 5, 2013; and (vi) the tax effects of the above adjustments. The pro forma results do not include any anticipated cost synergies or other effects of the planned integration of Warnaco. Accordingly, such pro forma amounts are not indicative of the results that actually would have occurred had the acquisition been completed on January 30, 2012, nor are they indicative of the future operating results of the combined company.
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Business combination, allocation of the acquisition consideration [Table Text Block] | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
The Company is still in the process of valuing the assets acquired and liabilities assumed; thus, the allocation of the acquisition consideration is subject to change. |
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Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
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Schedule of Goodwill [Table Text Block] | The changes in the carrying amount of goodwill for the thirteen weeks ended May 5, 2013, by segment, were as follows:
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Schedule of Intangible Assets [Table Text Block] | The Company’s intangible assets consisted of the following:
(1) The change from February 3, 2013 to May 5, 2013 primarily relates to intangible assets recorded in connection with the acquisition of Warnaco. The acquired customer relationships are amortized principally over 10 years, order backlog is amortized principally over 6 months and reacquired license rights are amortized principally over 33 years from the date of the acquisition. As of May 5, 2013, the weighted average life of the amortizable intangible assets recorded in connection with the acquisition of Warnaco was 26.4 years. |
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Schedule of Expected Amortization Expense [Table Text Block] | Amortization expense, a portion of which is subject to exchange rate fluctuation, for the remainder of 2013 and the next five years thereafter related to the Company’s intangible assets as of May 5, 2013 is expected to be as follows:
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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RETIREMENT AND BENEFIT PLANS (Tables) (Pension Plans, Defined Benefit [Member])
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Schedule of Net Benefit Costs [Table Text Block] | Net benefit cost was recognized in selling, general and administrative expenses as follows:
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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DEBT (Tables)
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Schedule of Long-term Debt Instruments [Table Text Block] | The carrying amounts of the Company’s long-term debt were as follows:
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Schedule of Mandatory Long-Term Debt Repayments [Table] | The terms of each of Term Loan A and Term Loan B contain a mandatory repayment schedule on a quarterly basis, such that the total annual repayments are as follows:
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Represents schedule of mandatory long-term debt repayments. No definition available.
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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
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Derivative Financial Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for the Company’s derivative financial instruments:
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Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The following table summarizes the effect of the Company’s hedges designated as cash flow hedging instruments:
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Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | The following table summarizes the effect of the Company’s foreign currency forward exchange contracts that were not designated as cash flow hedges:
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Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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FAIR VALUE MEASUREMENTS (Tables)
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10. Fair Value Measurements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:
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Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The following table presents the change in the Level 3 contingent purchase price payment liability for the thirteen weeks ended May 5, 2013 and April 29, 2012:
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Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block] | Additional information with respect to assumptions used to value the contingent purchase price payment liability is as follows:
A five percentage point increase or decrease in the discount rate would change the liability by approximately $1,000. A five percentage point increase or decrease in the compounded annual net sales growth rate would change the liability by approximately $1,000. |
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Fair Value, by Balance Sheet Grouping [Table Text Block] | The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt as of May 5, 2013, February 3, 2013 and April 29, 2012 were as follows:
The fair values of cash and cash equivalents and short-term borrowings approximate their carrying values due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable quarter. The Company classifies the measurement of its long-term debt as a Level 1 measurement. |
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Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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STOCK-BASED COMPENSATION (Tables)
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table Of Weighted Average Black Scholes Fair Value Assumptions [Table Text Block] | The following summarizes the assumptions used to estimate the fair value of service-based stock options granted during the thirteen weeks ended May 5, 2013 (with the exception of the Warnaco employee replacement stock options) and April 29, 2012:
The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving option grants. The Company will continue to evaluate the appropriateness of utilizing such method. |
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Table Of Weighted Average Black Scholes Fair Value Assumptions Warnaco Replacement [Table Text Block] | The following summarizes the assumptions used to estimate the fair value of the Warnaco employee stock options that were replaced at the effective time of the acquisition:
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Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Service-based stock option activity for the thirteen weeks ended May 5, 2013 was as follows:
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Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | RSU activity for the thirteen weeks ended May 5, 2013 was as follows:
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Schedule of Restricted Stock Activity [Table Text Block] | Restricted stock activity for the thirteen weeks ended May 5, 2013 was as follows:
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Schedule of Nonvested Performance-based Units Activity [Table Text Block] | Performance share unit activity for the thirteen weeks ended May 5, 2013 was as follows:
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Schedule of Restricted Stock Activity [Table Text Block] No definition available.
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Table Of Weighted Average Black Scholes Fair Value Assumptions No definition available.
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Table Of Weighted Average Black Scholes Fair Value Assumptions related to Warnaco replacement awards. No definition available.
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Tabular disclosure of the changes in outstanding nonvested performance-based units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACCUMULATED OTHER COMPREHENSIVE INCOME ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
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Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following table presents the changes in AOCI (net of tax) by component for the thirteen weeks ended May 5, 2013:
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Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following table presents reclassifications out of AOCI to earnings for the thirteen weeks ended May 5, 2013:
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Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) [Table Text Block] No definition available.
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Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACTIVITY EXIT COSTS (Tables)
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Warnaco Acquisition and Integration Costs [Member]
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Schedule of Restructuring and Related Costs [Table Text Block] | In connection with the Company’s acquisition of Warnaco during the first quarter of 2013 and the related integration, the Company incurred certain costs related to severance and termination benefits, inventory liquidations and lease/contract terminations. Such costs were as follows:
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Tommy Hilfiger Integration and Exit Costs [Member]
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Schedule Of Restructuring Accrued Liabilities Costs Incurred And Paid [Table Text Block] | Liabilities for severance and termination benefits and lease/contract termination costs recorded in connection with the acquisition and integration of Tommy Hilfiger and the related restructuring were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:
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Tabular disclosure of the components of restructuring reserve, including accrued liabilities, costs incurred and costs paid related to integration and acquisitions. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NET INCOME PER COMMON SHARE (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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May 05, 2013
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The Company computed its basic and diluted net (loss) income per common share as follows:
|
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Potentially dilutive securities excluded from the calculation of diluted net (loss) income per common share were as follows:
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
|
SEGMENT DATA (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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May 05, 2013
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Segment Data [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following tables present summarized information by segment:
Intersegment transactions consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment and Calvin Klein North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage is eliminated principally in the Heritage Brands Retail segment and Calvin Klein North America segment. The following table presents the Company’s total assets by segment:
(1) Corporate at 2/3/13 included $700,000 of cash that arose from senior notes that were issued to fund a portion of the consideration for the Warnaco acquisition. |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
GENERAL (Details)
|
3 Months Ended |
---|---|
May 05, 2013
|
|
Fiscal Period [Line Items] | |
Fiscal year, minimum number of weeks | P52W |
Fiscal year, maximum number of weeks | P53W |
Non-controlling interest, ownership percentage by non-controlling shareholders | 49.00% |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum weeks comprising the Company's fiscal year ending on the Sunday closest to February 1. No definition available.
|
X | ||||||||||
- Definition
Minimum weeks comprising the Company's fiscal year ending on the Sunday closest to February 1. No definition available.
|
X | ||||||||||
- Definition
The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
|
ACQUISITIONS (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 05, 2013
|
Feb. 03, 2013
|
Feb. 03, 2013
|
Feb. 13, 2013
Warnaco acquisition [Member]
|
May 05, 2013
Warnaco acquisition [Member]
|
Feb. 03, 2013
Warnaco acquisition [Member]
|
Feb. 13, 2013
Warnaco acquisition [Member]
Calvin Klein North America [Member]
|
Feb. 13, 2013
Warnaco acquisition [Member]
Calvin Klein International [Member]
|
Feb. 13, 2013
Warnaco acquisition [Member]
Heritage Brands Wholesale [Member]
|
Feb. 13, 2013
Loans Payable [Member]
|
Feb. 13, 2013
Perpetual License Rights [Member]
Warnaco acquisition [Member]
|
Feb. 13, 2013
Tradenames [Member]
Warnaco acquisition [Member]
|
Feb. 13, 2013
Reacquired Perpetual License Rights [Member]
Warnaco acquisition [Member]
|
Feb. 13, 2013
Order Backlog [Member]
Warnaco acquisition [Member]
|
Feb. 13, 2013
Customer Relationships [Member]
Warnaco acquisition [Member]
|
|
Business Acquisition [Line Items] | |||||||||||||||
Debt instrument, interest rate, stated percentage | 4.50% | ||||||||||||||
Calvin Klein categories | 2 | ||||||||||||||
Total fair value of the acquisition consideration | $ 3,137,056 | ||||||||||||||
Business acquisition, equity interest issued or issuable, number of shares | 7,674 | ||||||||||||||
Elimination of pre-acquisition liability to Warnaco | 9,128 | ||||||||||||||
Proceeds from issuance of long-term debt | 700,000 | 700,000 | 3,075 | ||||||||||||
Acquisition, integration and related restructuring costs | 77,000 | 120,000 | 43,000 | ||||||||||||
Warnaco revenue recorded from acquisition date through period-end | 516,615 | ||||||||||||||
Warnaco net loss recorded from acquisition date through period end | 35,495 | ||||||||||||||
Goodwill | 1,399,432 | 441,671 | 864,697 | 93,064 | |||||||||||
Amortizable intangible assets | 1,704,800 | ||||||||||||||
Other intangibles | 841,200 | 593,800 | 97,600 | 149,800 | |||||||||||
Intangible assets not amortizable | $ 259,000 | $ 604,600 |
X | ||||||||||
- Definition
Costs incurred to effect a business acquisition, integration and restructuring which have been expensed during the period. No definition available.
|
X | ||||||||||
- Definition
-- None. No documentation exists for this element. -- No definition available.
|
X | ||||||||||
- Definition
Represents a pre-acquisition liability payable to Warnaco. No definition available.
|
X | ||||||||||
- Definition
The Warnaco net loss recorded for the period from the date of acquisition through period-end. No definition available.
|
X | ||||||||||
- Definition
The Warnaco revenue recorded for the period from the date of acquisition through period-end. No definition available.
|
X | ||||||||||
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of equity interests issued or issuable to acquire entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of goodwill arising from a business combination, which is the excess of the cost of the acquired entity over the amounts assigned to assets acquired and liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will not be amortized. Does not include goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of acquisition cost of a business combination allocated to assets, excluding financial assets and goodwill, lacking physical substance. No definition available.
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
ACQUISITIONS Fair Value Of Acquisition Consideration (Details) (USD $)
In Thousands, unless otherwise specified |
0 Months Ended |
---|---|
Feb. 13, 2013
|
|
Business Acquisition [Line Items] | |
Warnaco employee replacement stock awards | $ 39,752 |
Warnaco acquisition [Member]
|
|
Business Acquisition [Line Items] | |
Cash | 2,179,980 |
Common stock (7,674 shares, par value $1.00 per share) | 926,452 |
Warnaco employee replacement stock awards | 39,752 |
Elimination of pre-acquisition liability to Warnaco | 9,128 |
Total fair value of the acquisition consideration | $ 3,137,056 |
X | ||||||||||
- Definition
Represents a pre-acquisition liability payable to Warnaco. No definition available.
|
X | ||||||||||
- Definition
Issuance of replacement stock awards pertaining to employee stock-based compensation grants, issued in connection with the acquisition of Warnaco and included in the total acquisition consideration. No definition available.
|
X | ||||||||||
- Definition
Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Value of stock issued pursuant to acquisitions during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
ACQUISITIONS Pro Forma Results Of Operations (Details) (Warnaco acquisition [Member], USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
May 05, 2013
|
Apr. 29, 2012
|
|
Warnaco acquisition [Member]
|
||
Pro Forma Consolidated Results Of Operations [Line Items] | ||
Total revenue | $ 1,973,190 | $ 1,940,824 |
Net income attributable to PVH Corp. | $ 75,403 | $ 40,801 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
ACQUISITIONS Allocation of Acquisition Consideration (Details) (Warnaco acquisition [Member], USD $)
In Thousands, unless otherwise specified |
Feb. 13, 2013
|
---|---|
Business Acquisition [Line Items] | |
Cash and cash equivalents | $ 364,651 |
Trade receivables | 292,589 |
Other receivables | 53,123 |
Inventories | 457,323 |
Prepaid expenses | 39,967 |
Other current assets | 64,254 |
Property, plant and equipment | 121,952 |
Goodwill | 1,399,432 |
Other intangibles | 841,200 |
Other assets | 149,612 |
Total assets acquired | 4,647,703 |
Accounts payable | 179,806 |
Accrued expenses | 261,178 |
Short-term borrowings | 26,927 |
Current portion of long-term debt | 2,000 |
Long-term debt | 195,000 |
Other liabilities | 840,136 |
Total liabilities assumed | 1,505,047 |
Redeemable non-controlling interest | 5,600 |
Total fair value of the acquisition consideration | 3,137,056 |
Tradenames [Member]
|
|
Business Acquisition [Line Items] | |
Intangible assets not amortizable | 604,600 |
Perpetual License Rights [Member]
|
|
Business Acquisition [Line Items] | |
Intangible assets not amortizable | $ 259,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to assets acquired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash and cash equivalents acquired in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to inventory, including finished goods, work-in-process, and raw materials. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to accounts payable of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to accrued expenses of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to the current portion of long-term debt of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of goodwill arising from a business combination, which is the excess of the cost of the acquired entity over the amounts assigned to assets acquired and liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will not be amortized. Does not include goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of acquisition cost of a business combination allocated to noncontrolling interests. No definition available.
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to the noncurrent portion of the long-term debt assumed from the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of acquisition cost of a business combination allocated to other assets not separately disclosed in the balance sheet. No definition available.
|
X | ||||||||||
- Definition
Amount of acquisition cost of a business combination allocated to other noncurrent liabilities not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to property, plant and equipment to be used in ongoing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Details) (USD $)
In Thousands, unless otherwise specified |
May 05, 2013
|
Feb. 03, 2013
|
Apr. 29, 2012
|
---|---|---|---|
Schedule of Equity Method Investments [Line Items] | |||
Equity Method Investments | $ 63,326 | $ 62,021 | $ 49,355 |
Tommy Hilfiger Brazil Joint Venture [Member]
|
|||
Schedule of Equity Method Investments [Line Items] | |||
Equity Method Investment, Ownership Percentage | 40.00% | ||
Tommy Hilfiger China Joint Venture [Member]
|
|||
Schedule of Equity Method Investments [Line Items] | |||
Equity Method Investment, Ownership Percentage | 45.00% | ||
Tommy Hilfiger India Joint Venture [Member]
|
|||
Schedule of Equity Method Investments [Line Items] | |||
Equity Method Investment, Ownership Percentage | 50.00% |
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
REDEEMABLE NON-CONTROLLING INTEREST (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||||||
---|---|---|---|---|---|---|---|
May 05, 2013
individual
|
Feb. 03, 2013
|
Apr. 29, 2012
|
May 05, 2013
Warnaco acquisition [Member]
|
Feb. 13, 2013
Warnaco acquisition [Member]
|
May 05, 2013
24% ownership [Member]
|
May 05, 2013
25% ownership [Member]
|
|
Non-controlling Interest [Line Items] | |||||||
Non-controlling shareholder | 1 | ||||||
Non-controlling interest, ownership percentage by parent | 51.00% | ||||||
Redeemable non-controlling interest, fair value | $ 5,600 | ||||||
Redeemable Non-Controlling Interest | $ 5,746 | $ 0 | $ 0 | $ 5,746 | |||
Non-controlling interest, ownership percentage by non-controlling shareholders | 49.00% | 24.00% | 25.00% | ||||
Period used to determine put price based upon joint venture's earnings before interest, taxes, depreciation and amortization | 12 months |
X | ||||||||||
- Definition
-- None. No documentation exists for this element. -- No definition available.
|
X | ||||||||||
- Definition
Non-Controlling Shareholder No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
|
X | ||||||||||
- Definition
The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
X | ||||||||||
- Definition
As of the reporting date, the carrying amount of noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. The noncontrolling interest holder's ownership (or holders' ownership) may be in the form of common shares (regardless of class), limited partnership units (regardless of class), non-preferential membership interests, or any other form of common equity regardless of investee entity legal form. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate fair value as of the reporting date of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
May 05, 2013
|
Apr. 29, 2012
|
|
Goodwill and Other Intangible Assets [Line Items] | ||
Contingent Purchase Price Payments Percentage | 1.15% | |
Goodwill [Roll Forward] | ||
Goodwill, gross, beginning of period | $ 1,958,887 | |
Accumulated impairment losses, beginning of period | 0 | |
Goodwill, net, beginning of period | 1,958,887 | 1,845,237 |
Contingent purchase price payments to Mr. Calvin Klein | 12,766 | |
Goodwill from acquisition of Warnaco | 1,399,432 | |
Currency translation | (50,560) | |
Goodwill, gross, end of period | 3,320,525 | |
Accumulated impairment losses, end of period | 0 | |
Goodwill, net, end of period | 3,320,525 | 1,845,237 |
Calvin Klein North America [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill, gross, beginning of period | 207,083 | |
Accumulated impairment losses, beginning of period | 0 | |
Goodwill, net, beginning of period | 207,083 | |
Contingent purchase price payments to Mr. Calvin Klein | 7,629 | |
Currency translation | 1,933 | |
Goodwill, gross, end of period | 658,316 | |
Accumulated impairment losses, end of period | 0 | |
Goodwill, net, end of period | 658,316 | |
Calvin Klein International [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill, gross, beginning of period | 201,542 | |
Accumulated impairment losses, beginning of period | 0 | |
Goodwill, net, beginning of period | 201,542 | |
Contingent purchase price payments to Mr. Calvin Klein | 5,137 | |
Currency translation | (6,348) | |
Goodwill, gross, end of period | 1,065,028 | |
Accumulated impairment losses, end of period | 0 | |
Goodwill, net, end of period | 1,065,028 | |
Tommy Hilfiger North America [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill, gross, beginning of period | 198,501 | |
Accumulated impairment losses, beginning of period | 0 | |
Goodwill, net, beginning of period | 198,501 | |
Contingent purchase price payments to Mr. Calvin Klein | 0 | |
Currency translation | 0 | |
Goodwill, gross, end of period | 198,501 | |
Accumulated impairment losses, end of period | 0 | |
Goodwill, net, end of period | 198,501 | |
Tommy Hilfiger International [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill, gross, beginning of period | 1,196,619 | |
Accumulated impairment losses, beginning of period | 0 | |
Goodwill, net, beginning of period | 1,196,619 | |
Contingent purchase price payments to Mr. Calvin Klein | 0 | |
Currency translation | (46,454) | |
Goodwill, gross, end of period | 1,150,165 | |
Accumulated impairment losses, end of period | 0 | |
Goodwill, net, end of period | 1,150,165 | |
Heritage Brands Wholesale [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill, gross, beginning of period | 155,142 | |
Accumulated impairment losses, beginning of period | 0 | |
Goodwill, net, beginning of period | 155,142 | |
Contingent purchase price payments to Mr. Calvin Klein | 0 | |
Currency translation | 309 | |
Goodwill, gross, end of period | 248,515 | |
Accumulated impairment losses, end of period | 0 | |
Goodwill, net, end of period | 248,515 | |
Warnaco [Member] | Calvin Klein North America [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill from acquisition of Warnaco | 441,671 | |
Warnaco [Member] | Calvin Klein International [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill from acquisition of Warnaco | 864,697 | |
Warnaco [Member] | Tommy Hilfiger North America [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill from acquisition of Warnaco | 0 | |
Warnaco [Member] | Tommy Hilfiger International [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill from acquisition of Warnaco | 0 | |
Warnaco [Member] | Heritage Brands Wholesale [Member]
|
||
Goodwill [Roll Forward] | ||
Goodwill from acquisition of Warnaco | $ 93,064 |
X | ||||||||||
- Definition
Basis for calculating contingent purchase price payments. No definition available.
|
X | ||||||||||
- Definition
This element represents the amount of any change, including any differences arising upon settlement, recognized during the reporting period in the value of an asset or assets, arising from an item of contingent consideration, recognized in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of goodwill acquired in the period and allocated to the reportable segment. The value is stated at fair value based on the purchase price allocation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount, as of the balance sheet date, of the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable), in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The accumulated impairment losses related to goodwill as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The increase (decrease) to the recorded value of goodwill for foreign currency translation adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS Intangible Assets (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
May 05, 2013
|
Apr. 29, 2012
|
Feb. 03, 2013
|
|
Intangible Assets [Line Items] | |||
Finite-Lived Intangible Assets, Gross | $ 1,068,681 | $ 220,553 | $ 233,455 |
Finite-Lived Intangible Assets, Accumulated Amortization | (132,662) | (69,785) | (79,301) |
Finite-Lived Intangible Assets, Net | 936,019 | 150,768 | 154,154 |
Indefinite-Lived Intangible Assets, Gross, Excluding Goodwill | 3,244,633 | 2,410,821 | 2,426,851 |
Indefinite-Lived Intangible Assets, Accumulated Amortization | 0 | 0 | 0 |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 3,244,633 | 2,410,821 | 2,426,851 |
Intangible Assets, Gross (Excluding Goodwill) | 4,313,314 | 2,631,374 | 2,660,306 |
Intangible Assets, Accumulated Amortization | (132,662) | (69,785) | (79,301) |
Intangible Assets, Net (Excluding Goodwill) | 4,180,652 | 2,561,589 | 2,581,005 |
Amortization of Intangible Assets | 53,361 | 3,386 | |
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract] | |||
Remainder of 2013 | 90,166 | ||
2014 | 46,086 | ||
2015 | 45,747 | ||
2016 | 45,747 | ||
2017 | 45,747 | ||
2018 | 45,747 | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 26 years 4 months 24 days | ||
Tradenames [Member]
|
|||
Intangible Assets [Line Items] | |||
Indefinite-Lived Intangible Assets, Gross, Excluding Goodwill | 2,973,258 | 2,398,175 | 2,413,809 |
Indefinite-Lived Intangible Assets, Accumulated Amortization | 0 | 0 | 0 |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 2,973,258 | 2,398,175 | 2,413,809 |
Perpetual License Rights [Member]
|
|||
Intangible Assets [Line Items] | |||
Indefinite-Lived Intangible Assets, Gross, Excluding Goodwill | 258,839 | 0 | 0 |
Indefinite-Lived Intangible Assets, Accumulated Amortization | 0 | 0 | 0 |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 258,839 | 0 | 0 |
Reacquired Perpetual License Rights [Member]
|
|||
Intangible Assets [Line Items] | |||
Indefinite-Lived Intangible Assets, Gross, Excluding Goodwill | 12,536 | 12,646 | 13,042 |
Indefinite-Lived Intangible Assets, Accumulated Amortization | 0 | 0 | 0 |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 12,536 | 12,646 | 13,042 |
Customer Relationships [Member]
|
|||
Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||
Finite-Lived Intangible Assets, Gross | 334,418 | 180,107 | 190,383 |
Finite-Lived Intangible Assets, Accumulated Amortization | (47,582) | (32,328) | (41,158) |
Finite-Lived Intangible Assets, Net | 286,836 | 147,779 | 149,225 |
Covenants Not to Compete [Member]
|
|||
Intangible Assets [Line Items] | |||
Finite-Lived Intangible Assets, Gross | 2,220 | 2,220 | 2,220 |
Finite-Lived Intangible Assets, Accumulated Amortization | (2,220) | (2,175) | (2,220) |
Finite-Lived Intangible Assets, Net | 0 | 45 | 0 |
Order Backlog [Member]
|
|||
Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 6 months | ||
Finite-Lived Intangible Assets, Gross | 128,865 | 32,287 | 32,287 |
Finite-Lived Intangible Assets, Accumulated Amortization | (74,704) | (32,287) | (32,287) |
Finite-Lived Intangible Assets, Net | 54,161 | 0 | 0 |
License Rights [Member]
|
|||
Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 33 years | ||
Finite-Lived Intangible Assets, Gross | 603,178 | 5,939 | 8,565 |
Finite-Lived Intangible Assets, Accumulated Amortization | (8,156) | (2,995) | (3,636) |
Finite-Lived Intangible Assets, Net | $ 595,022 | $ 2,944 | $ 4,929 |
X | ||||||||||
- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with an indefinite life. No definition available.
|
X | ||||||||||
- Definition
Gross carrying amount of assets that lack physical substance, excluding goodwill, having a projected indefinite period of benefit. No definition available.
|
X | ||||||||||
- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with both finite and infinite lives. No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized after the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized in the remainder of the fiscal year following the latest fiscal year ended for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fourth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the third fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the second fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
Carrying amount of assets (excluding financial assets) that lack physical substance, excluding goodwill, having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
RETIREMENT AND BENEFIT PLANS (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
May 05, 2013
individual
plans
|
Apr. 29, 2012
|
Feb. 02, 2014
|
Feb. 03, 2013
|
|
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Number of Noncontributory Defined Benefit Pension Plans | 6 | |||
Vesting Period Non-Contributory Defined Benefit Pension Plans | 5 | |||
Number of Defined Benefit Plans | 6 | |||
Current Executives Covered By Capital Accumulation Program | 2 | |||
Retired Executives Covered By Capital Accumulation Program | 16 | |||
Plan Benefit Payment Activation Age | 65 | |||
Minimum Age Prior to Employment Termination | 55 | |||
Percentage of corridor for determining minimum amount of amortization of actuarial gain or loss | 10.00% | |||
Pension Contributions | $ 30,000 | $ 3,743 | $ 60,000 | |
Pension Plans, Defined Benefit [Member]
|
||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Service cost, including plan expenses | 4,597 | 3,854 | ||
Interest cost | 6,539 | 4,456 | ||
Expected return on plan assets | (9,870) | (5,222) | ||
Amortization of prior service credit | 1 | 1 | ||
Total | 1,267 | 3,089 | ||
SERP Plans [Member]
|
||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Number of Noncontributory Defined Benefit Pension Plans | 3 | |||
Plan Benefit Payment Period | 10 years | |||
Minimum Number of Years of Employment | 10 years | |||
Service cost, including plan expenses | 1,050 | 973 | ||
Interest cost | 857 | 846 | ||
Expected return on plan assets | 0 | 0 | ||
Amortization of prior service credit | (17) | (17) | ||
Total | 1,890 | 1,802 | ||
Other Postretirement Benefit Plans, Defined Benefit [Member]
|
||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Minimum Number of Years of Employment | 10 years | |||
Number of Postretirement Plans | 2 | |||
Service cost, including plan expenses | 26 | 0 | ||
Interest cost | 222 | 218 | ||
Expected return on plan assets | 0 | 0 | ||
Amortization of prior service credit | (204) | (204) | ||
Total | 44 | 14 | ||
Warnaco acquisition [Member]
|
||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Pension Contributions | $ 30,000 |
X | ||||||||||
- Definition
Current Executives Covered By Capital Accumulation Program No definition available.
|
X | ||||||||||
- Definition
The minimum age (years) prior to termination for associates for whom benefits were not eliminated. No definition available.
|
X | ||||||||||
- Definition
The minimum number of years of employment prior to termination for associates for whom benefits were not eliminated. No definition available.
|
X | ||||||||||
- Definition
Number of Defined Benefit Plans No definition available.
|
X | ||||||||||
- Definition
The number of noncontributory defined benefit pension plans for the entity. No definition available.
|
X | ||||||||||
- Definition
The number of postretirement plans for the entity. No definition available.
|
X | ||||||||||
- Definition
Percentage of corridor for determining minimum amount of amortization of actuarial gain/loss, calculated based on greater of beginning of year projected benefit obligation or market-related value of assets. No definition available.
|
X | ||||||||||
- Definition
The minimum age that CAP plan participants will start receiving predetermined amounts under the plan, provided that prior to termination they have been participants in the plan for 10 years and have attained age 55. No definition available.
|
X | ||||||||||
- Definition
The number of years over which the CAP benefits are payable to the participating plan beneficiaries, who have met all other conditions. No definition available.
|
X | ||||||||||
- Definition
Represents the number of retired executives that are covered by the Capital Accumulation Program (CAP). No definition available.
|
X | ||||||||||
- Definition
Represents the minimum vesting period for the pension plans. No definition available.
|
X | ||||||||||
- Definition
The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash or cash equivalents contributed by the entity to fund its pension plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
DEBT DEBT Yen-Denominated Overdraft Facility (Details)
In Thousands, unless otherwise specified |
Feb. 13, 2013
USD ($)
|
Mar. 02, 2011
USD ($)
|
May 05, 2013
Line of credit, Yen-denominated facility [Member]
USD ($)
|
May 05, 2013
Line of credit, Yen-denominated facility [Member]
JPY (¥)
|
---|---|---|---|---|
Line of Credit Facility [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | $ 750,000 | $ 450,000 | $ 10,200 | ¥ 1,000,000 |
Debt instrument, basis spread on variable rate | 0.15% | 0.15% | ||
Short-term debt, weighted average interest rate | 0.33% | 0.33% |
X | ||||||||||
- Definition
The percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of short-term debt outstanding by type or by instrument at that time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
DEBT DEBT Warnaco Notes Payable (Details) (European short-term revolving notes [Member], USD $)
In Thousands, unless otherwise specified |
May 05, 2013
|
---|---|
European short-term revolving notes [Member]
|
|
Short-term Debt [Line Items] | |
Notes payable, current | $ 1,898 |
Short-term debt, weighted average interest rate | 4.28% |
X | ||||||||||
- Definition
Carrying amount at the balance sheet date of borrowings from a bank, not elsewhere enumerated in the taxonomy, with a maturity within one year (or within one operating cycle if longer) from the date of borrowing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of short-term debt outstanding by type or by instrument at that time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
DEBT DEBT India Revolving Credit Facility (Details)
In Thousands, unless otherwise specified |
3 Months Ended | |||
---|---|---|---|---|
Feb. 13, 2013
USD ($)
|
Mar. 02, 2011
USD ($)
|
May 05, 2013
Line of credit, India facility [Member]
USD ($)
|
May 05, 2013
Line of credit, India facility [Member]
INR
|
|
Line of Credit Facility [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | $ 750,000 | $ 450,000 | $ 3,600 | 195,000 |
Line of credit facility, amount outstanding | 2,600 | |||
Short-term debt, weighted average interest rate | 9.59% | |||
Line of credit facility, maximum amount outstanding during period | $ 2,600 |
X | ||||||||||
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum amount borrowed under the credit facility at any time during the period. No definition available.
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of short-term debt outstanding by type or by instrument at that time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
DEBT DEBT Asia Revolving Credit Facility (Details) (USD $)
In Thousands, unless otherwise specified |
Feb. 13, 2013
|
Mar. 02, 2011
|
May 05, 2013
Line of credit, Asia facility [Member]
Y
|
---|---|---|---|
Line of Credit Facility [Line Items] | |||
Line of credit facility, maximum borrowing capacity | $ 750,000 | $ 450,000 | $ 10,000 |
Debt instrument, basis spread on variable rate | 1.75% | ||
Warnaco Asia credit facility, amount outstanding, carryforward term | 1 |
X | ||||||||||
- Definition
Warnaco Asia Credit Facility Amount Outstanding Carry Forward Term No definition available.
|
X | ||||||||||
- Definition
The percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
DEBT DEBT Korea Revolving Credit Facility (Details)
In Thousands, unless otherwise specified |
Feb. 13, 2013
USD ($)
|
Mar. 02, 2011
USD ($)
|
May 05, 2013
Line of credit, Korea facility [Member]
USD ($)
|
May 05, 2013
Line of credit, Korea facility [Member]
KRW
|
---|---|---|---|---|
Line of Credit Facility [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | $ 750,000 | $ 450,000 | $ 2,700 | 3,000,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
DEBT DEBT Brazil Revolving Credit Facility (Details)
In Thousands, unless otherwise specified |
Feb. 13, 2013
USD ($)
|
Mar. 02, 2011
USD ($)
|
May 05, 2013
Line of credit, Brazil facility [Member]
USD ($)
|
May 05, 2013
Line of credit, Brazil facility [Member]
BRL
|
---|---|---|---|---|
Line of Credit Facility [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | $ 750,000 | $ 450,000 | $ 21,900 | 44,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
DEBT Schedule of Mandatory Long-Term Debt Repayments (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 05, 2013
|
Feb. 03, 2013
|
Apr. 29, 2012
|
Feb. 03, 2013
|
May 05, 2013
7 3/4% debentures [Member]
|
May 05, 2013
Senior notes [Member]
|
May 05, 2013
Senior notes [Member]
7 3/8% senior notes [Member]
|
May 05, 2013
United States dollar-denominated
|
Apr. 29, 2012
United States dollar-denominated
|
Feb. 13, 2013
United States dollar-denominated
Term loan A facility Warnaco [Member]
|
Feb. 13, 2013
United States dollar-denominated
Term loan B facility Warnaco [Member]
|
Feb. 13, 2013
United States dollar-denominated
Senior notes [Member]
Term loan B facility Warnaco [Member]
|
May 05, 2013
Euro-denominated
|
Apr. 29, 2012
Euro-denominated
|
May 05, 2013
Year 1 [Member]
Term loan A facility Warnaco [Member]
|
May 05, 2013
Year 1 [Member]
Term loan B facility Warnaco [Member]
|
May 05, 2013
Year 2 [Domain]
Term loan A facility Warnaco [Member]
|
May 05, 2013
Year 2 [Domain]
Term loan B facility Warnaco [Member]
|
May 05, 2013
Year 3 [Member]
Term loan A facility Warnaco [Member]
|
May 05, 2013
Year 3 [Member]
Term loan B facility Warnaco [Member]
|
May 05, 2013
Year 4 [Member]
Term loan A facility Warnaco [Member]
|
May 05, 2013
Year 4 [Member]
Term loan B facility Warnaco [Member]
|
May 05, 2013
Year 5 [Member]
Term loan A facility Warnaco [Member]
|
May 05, 2013
Year 5 [Member]
Term loan B facility Warnaco [Member]
|
May 05, 2013
Year 6 [Member]
Term loan B facility Warnaco [Member]
|
May 05, 2013
Year 7 [Member]
Term loan B facility Warnaco [Member]
|
|
Debt Instrument [Line Items] | ||||||||||||||||||||||||||
Proceeds from issuance of long-term debt | $ 700,000 | $ 700,000 | $ 1,700,000 | $ 1,375,000 | $ 1,375,000 | |||||||||||||||||||||
Percentage repayment of long term debt | 5.00% | 1.00% | 5.00% | 1.00% | 7.50% | 1.00% | 10.00% | 1.00% | 72.50% | 1.00% | 1.00% | 94.00% | ||||||||||||||
Total debt percentage bearing fixed interest rates | 40.00% | |||||||||||||||||||||||||
Senior secured term loan A facility due 2018 | 1,693,088 | 0 | 1,700,000 | |||||||||||||||||||||||
Senior secured term loan B facility due 2020 | 1,368,353 | 0 | ||||||||||||||||||||||||
4 1/2% senior notes | 700,000 | 0 | ||||||||||||||||||||||||
7 3/8% senior notes | 600,000 | 600,000 | ||||||||||||||||||||||||
7 3/4% debentures | 99,647 | 99,626 | ||||||||||||||||||||||||
Senior secured term loan A facility due 2016 | 0 | 608,000 | 0 | 109,035 | ||||||||||||||||||||||
Senior secured term loan B facility due 2016 | 0 | 396,000 | 0 | 61,678 | ||||||||||||||||||||||
Total | 4,461,088 | 1,874,339 | ||||||||||||||||||||||||
Less: Current portion of long-term debt | 98,750 | 88,000 | 79,477 | 88,000 | ||||||||||||||||||||||
Long-Term Debt | 4,362,338 | 2,211,642 | 1,794,862 | 2,211,642 | ||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 4.50% | 7.75% | 7.375% | |||||||||||||||||||||||
Maturities of Long-term Debt [Abstract] | ||||||||||||||||||||||||||
Repayment of credit facilities | $ 900,000 | $ 30,292 |
X | ||||||||||
- Definition
Represents balance of debentures 7 3/4% due 2023. No definition available.
|
X | ||||||||||
- Definition
Percentage Repayment Of Long Term Debt No definition available.
|
X | ||||||||||
- Definition
Represents the balance of the senior secured term loan B facility due 2016. No definition available.
|
X | ||||||||||
- Definition
Represents the balance of the senior secured term loan B facility due 2018. No definition available.
|
X | ||||||||||
- Definition
Represents the balance of the senior secured term loan A facility due 2016. No definition available.
|
X | ||||||||||
- Definition
Represents the balance of the senior secured term loan A facility due 2018. No definition available.
|
X | ||||||||||
- Definition
Represents the balance of senior unsecured 7 3/8% notes due 2020. No definition available.
|
X | ||||||||||
- Definition
Represents the balance of senior unsecured 4 1/2% notes due 2022 No definition available.
|
X | ||||||||||
- Definition
Represents the percentage of total debt bearing fixed interest rates. No definition available.
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
DEBT Schedule of Long Term Debt Instruments (Details)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 0 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 05, 2013
USD ($)
|
Feb. 03, 2013
USD ($)
|
Apr. 29, 2012
USD ($)
|
Feb. 03, 2013
USD ($)
|
Feb. 13, 2013
USD ($)
|
Mar. 02, 2011
USD ($)
|
Aug. 01, 2010
USD ($)
|
May 05, 2013
Interest Rate Swap [Member]
USD ($)
|
Jun. 06, 2011
Interest Rate Swap [Member]
USD ($)
|
Feb. 13, 2013
Term loan A facility Warnaco [Member]
USD ($)
|
Feb. 13, 2013
Term loan B facility Warnaco [Member]
USD ($)
|
May 05, 2013
Previously outstanding amended senior secured credit facilities due 2016 [Member]
USD ($)
|
May 05, 2013
7 3/4% debentures [Member]
USD ($)
|
Feb. 13, 2013
United States of America, Dollars
USD ($)
|
Feb. 13, 2013
United States of America, Dollars
Term loan A facility Warnaco [Member]
USD ($)
|
Feb. 13, 2013
United States of America, Dollars
Term loan B facility Warnaco [Member]
USD ($)
|
May 05, 2013
United States of America, Dollars
Term loan B facility Warnaco [Member]
Eurocurrency rate loan [Member]
Minimum [Member]
|
May 05, 2013
United States of America, Dollars
Term loan B facility Warnaco [Member]
One month adjusted Eurocurrency rate loan [Member]
Minimum [Member]
|
Feb. 13, 2013
United States Dollars and Canadian Dollars [Member]
USD ($)
|
Feb. 03, 2013
United States Dollars and Canadian Dollars [Member]
|
Feb. 13, 2013
Euro Member Countries, Euro
EUR (€)
|
Feb. 03, 2013
Multi-currency [Member]
|
May 05, 2013
Line of Credit [Member]
United States of America, Dollars
Unites States federal fund rate [Member]
|
May 05, 2013
Line of Credit [Member]
United States of America, Dollars
One month adjusted Eurocurrency rate loan [Member]
|
May 05, 2013
Line of Credit [Member]
Canadian dollars [Member]
|
Feb. 13, 2013
Term Loan [Member]
USD ($)
|
May 05, 2013
Term Loan [Member]
USD ($)
|
May 05, 2013
Term Loan [Member]
United States of America, Dollars
Term loan A facility Warnaco [Member]
Base rate loan [Member]
|
May 05, 2013
Term Loan [Member]
United States of America, Dollars
Term loan A facility Warnaco [Member]
Eurocurrency rate loan [Member]
|
May 05, 2013
Term Loan [Member]
United States of America, Dollars
Term loan B facility Warnaco [Member]
Base rate loan [Member]
|
May 05, 2013
Term Loan [Member]
United States of America, Dollars
Term loan B facility Warnaco [Member]
Eurocurrency rate loan [Member]
|
May 05, 2013
Senior notes [Member]
USD ($)
|
May 05, 2013
Senior notes [Member]
4 1/2% senior notes [Member]
|
May 05, 2013
Senior notes [Member]
7 3/8% senior notes [Member]
|
Feb. 13, 2013
Senior notes [Member]
United States of America, Dollars
Term loan B facility Warnaco [Member]
USD ($)
|
May 05, 2013
Warnaco acquisition [Member]
USD ($)
|
|
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||||||||||||||||||||
Amended facility, overall maximum borrowing capacity | $ 1,970,000 | |||||||||||||||||||||||||||||||||||
Amended facility, maximum borrowing capacity, term loans | 1,520,000 | |||||||||||||||||||||||||||||||||||
Number of revolving credit facilities | 1 | 2 | ||||||||||||||||||||||||||||||||||
Line of credit facility, maximum borrowing capacity | 750,000 | 450,000 | 475,000 | 25,000 | 185,850 | |||||||||||||||||||||||||||||||
Proceeds from issuance of long-term debt | 700,000 | 700,000 | 1,700,000 | 1,375,000 | 3,075 | 1,375,000 | ||||||||||||||||||||||||||||||
Original issue discount | 7,325 | 6,875 | ||||||||||||||||||||||||||||||||||
Payments of financing costs | 67,370 | |||||||||||||||||||||||||||||||||||
Debt modification and extinguishment costs | 40,395 | 0 | 34,638 | |||||||||||||||||||||||||||||||||
Deferred debt issuance costs | 5,757 | 5,757 | ||||||||||||||||||||||||||||||||||
Deferred debt issuance costs | 5,757 | 5,757 | ||||||||||||||||||||||||||||||||||
Letters of credit outstanding, amount | 92,794 | |||||||||||||||||||||||||||||||||||
Term loan facility increase, maximum | 750,000 | |||||||||||||||||||||||||||||||||||
Term loan facility increase, maximum ratio | 1,250,000 | |||||||||||||||||||||||||||||||||||
Debt instrument, basis spread on variable rate | 0.50% | 1.00% | 1.00% | 2.00% | 1.50% | 2.50% | ||||||||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 4.50% | 7.75% | 0.75% | 1.75% | 0.75% | 4.50% | 7.375% | |||||||||||||||||||||||||||||
Derivative, notional amount | 447,808 | 632,000 | ||||||||||||||||||||||||||||||||||
Derivative, fixed interest rate | 1.197% | |||||||||||||||||||||||||||||||||||
Payment of fees associated with issuance of senior notes | 16,257 | 0 | 32,732 | 16,257 | ||||||||||||||||||||||||||||||||
Gross proceeds from issuance of long-term debt | 600,000 | |||||||||||||||||||||||||||||||||||
Maximum redemption percentage | 35.00% | |||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 100,000 | |||||||||||||||||||||||||||||||||||
Debt instrument, yield to maturity | 7.80% | |||||||||||||||||||||||||||||||||||
Derivative agreement term | 3 years |
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Represents the maximum borrowing capacity under the amended facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. No definition available.
|
X | ||||||||||
- Definition
Represents the maximum borrowing capacity of term loans under the amended facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. No definition available.
|
X | ||||||||||
- Definition
Debt instrument, redemption percentage, maximum No definition available.
|
X | ||||||||||
- Definition
Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
|
X | ||||||||||
- Definition
derivative agreement term No definition available.
|
X | ||||||||||
- Definition
The gross proceeds from issuance of long-term debt. No definition available.
|
X | ||||||||||
- Definition
Number of revolving credit facilities No definition available.
|
X | ||||||||||
- Definition
-- None. No documentation exists for this element. -- No definition available.
|
X | ||||||||||
- Definition
The maximum increase of term loan facilities. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
The percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fixed interest rate related to the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
INCOME TAXES (Details)
|
3 Months Ended | |
---|---|---|
May 05, 2013
|
Apr. 29, 2012
|
|
Income Taxes [Abstract] | ||
Income Tax Rate | 48.90% | 24.70% |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
DERIVATIVE FINANCIAL INSTRUMENTS (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
May 05, 2013
|
Apr. 29, 2012
|
|
Derivative [Line Items] | ||
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges | $ 8,759 | |
Other Current Assets and Other Assets [Member]
|
||
Derivative [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 1,860 | 9,749 |
Accrued Expenses and Other Liabilities [Member]
|
||
Derivative [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | 8,397 | 10,020 |
Foreign Exchange Forward Inventory Purchases [Member]
|
||
Derivative [Line Items] | ||
Notional amount of cash flow hedges | 364,000 | |
Foreign Exchange Forward Intercompany Loans [Member]
|
||
Derivative [Line Items] | ||
Notional amount of cash flow hedges | 98,000 | |
Designated as Hedging Instrument [Member] | Other Current Assets and Other Assets [Member]
|
||
Derivative [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 1,086 | 9,744 |
Designated as Hedging Instrument [Member] | Accrued Expenses and Other Liabilities [Member]
|
||
Derivative [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | 7,334 | 9,681 |
Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Current Assets and Other Assets [Member]
|
||
Derivative [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 1,086 | 9,611 |
Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Accrued Expenses and Other Liabilities [Member]
|
||
Derivative [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | 3,221 | 2,816 |
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Other Current Assets and Other Assets [Member]
|
||
Derivative [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 133 |
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Accrued Expenses and Other Liabilities [Member]
|
||
Derivative [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | 4,113 | 6,865 |
Not Designated as Hedging Instrument [Member] | Other Current Assets and Other Assets [Member]
|
||
Derivative [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 774 | 5 |
Not Designated as Hedging Instrument [Member] | Accrued Expenses and Other Liabilities [Member]
|
||
Derivative [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | 1,063 | 339 |
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Current Assets and Other Assets [Member]
|
||
Derivative [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 81 | 5 |
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Accrued Expenses and Other Liabilities [Member]
|
||
Derivative [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | 595 | 339 |
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Intercompany Loans [Member] | Other Current Assets and Other Assets [Member]
|
||
Derivative [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 693 | 0 |
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Intercompany Loans [Member] | Accrued Expenses and Other Liabilities [Member]
|
||
Derivative [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | 468 | 0 |
Cost of Goods Sold [Member] | Foreign Exchange Contract [Member]
|
||
Derivative [Line Items] | ||
Derivative Instruments, (Gain) Loss Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | (4,514) | |
Cost of Goods Sold [Member] | Foreign Exchange Forward [Member]
|
||
Derivative [Line Items] | ||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer | 12 months | |
Interest Expense [Member] | Interest Rate Contract [Member]
|
||
Derivative [Line Items] | ||
Derivative Instruments, (Gain) Loss Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 3,242 | |
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer | 12 months | |
Selling, General and Administrative Expenses [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member]
|
||
Derivative [Line Items] | ||
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net | (312) | 869 |
Selling, General and Administrative Expenses [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Intercompany Loans [Member]
|
||
Derivative [Line Items] | ||
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net | 247 | 0 |
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
|
||
Derivative [Line Items] | ||
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges | 8,649 | (1,716) |
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Expense (Effective Portion) | 2,027 | 1,542 |
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member]
|
||
Derivative [Line Items] | ||
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges | 8,858 | (1,676) |
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
|
||
Derivative [Line Items] | ||
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges | (209) | (40) |
Cash Flow Hedging [Member] | Cost of Goods Sold [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member]
|
||
Derivative [Line Items] | ||
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Expense (Effective Portion) | 3,181 | 2,624 |
Cash Flow Hedging [Member] | Interest Expense [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
|
||
Derivative [Line Items] | ||
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Expense (Effective Portion) | $ (1,154) | $ (1,082) |
X | ||||||||||
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated value of gains (losses), net anticipated to be transferred in the future from accumulated other comprehensive income into earnings. No definition available.
|
X | ||||||||||
- Definition
Estimated period for the anticipated transfer of gain (loss), net, from accumulated other comprehensive income into earnings, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of loss reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net gain (loss) from the increase (decrease) in fair value of derivative instrument not designated as hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate notional amount of all derivatives designated as cash flow hedging instruments. The notional amount relates to a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
FAIR VALUE MEASUREMENTS (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 3 Months Ended | 3 Months Ended | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 05, 2013
|
Apr. 29, 2012
|
Feb. 03, 2013
|
Jan. 29, 2012
|
Oct. 28, 2012
Tommy Hilfiger India License [Member]
|
May 05, 2013
Tommy Hilfiger India License [Member]
|
May 05, 2013
Tommy Hilfiger India License [Member]
Initial Term [Member]
|
May 05, 2013
Tommy Hilfiger India License [Member]
Extended Term [Member]
|
May 05, 2013
Tommy Hilfiger India License [Member]
Due Within [Member]
|
May 05, 2013
Tommy Hilfiger India License [Member]
Period Length [Member]
|
May 05, 2013
Fair Value, Inputs, Level 2 [Member]
|
Feb. 03, 2013
Fair Value, Inputs, Level 2 [Member]
|
Apr. 29, 2012
Fair Value, Inputs, Level 2 [Member]
|
May 05, 2013
Fair Value, Inputs, Level 3 [Member]
|
Feb. 03, 2013
Fair Value, Inputs, Level 3 [Member]
|
Apr. 29, 2012
Fair Value, Inputs, Level 3 [Member]
|
May 05, 2013
Portion at Fair Value, Fair Value Disclosure [Member]
|
Feb. 03, 2013
Portion at Fair Value, Fair Value Disclosure [Member]
|
Apr. 29, 2012
Portion at Fair Value, Fair Value Disclosure [Member]
|
May 05, 2013
Carrying (Reported) Amount, Fair Value Disclosure [Member]
|
Feb. 03, 2013
Carrying (Reported) Amount, Fair Value Disclosure [Member]
|
Apr. 29, 2012
Carrying (Reported) Amount, Fair Value Disclosure [Member]
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||||||||||||||||||
Foreign currency forward exchange contracts, assets | $ 1,860 | $ 9,616 | $ 4,693 | $ 1,860 | $ 4,693 | $ 9,616 | ||||||||||||||||
Interest rate contracts, assets | 133 | 133 | ||||||||||||||||||||
Total Assets | 1,860 | 9,749 | 4,693 | 1,860 | 4,693 | 9,749 | ||||||||||||||||
Foreign currency forward exchange contracts, liabilities | 4,284 | 3,155 | 13,460 | 4,284 | 13,460 | 3,155 | ||||||||||||||||
Interest rate contracts, liabilities | 4,113 | 6,865 | 5,058 | 4,113 | 5,058 | 6,865 | ||||||||||||||||
Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India | 7,217 | 9,859 | 7,003 | 7,217 | 7,003 | 9,859 | ||||||||||||||||
Total Liabilities | 15,614 | 19,879 | 25,521 | 8,397 | 18,518 | 10,020 | 7,217 | 7,003 | 9,859 | |||||||||||||
Cash and cash equivalents | 746,281 | 892,209 | 238,612 | 746,281 | 892,209 | 238,612 | ||||||||||||||||
Short-term borrowings | 14,724 | 10,847 | 107,393 | 14,724 | 10,847 | 107,393 | ||||||||||||||||
Long-term debt (including portion classified as current) | 4,624,844 | 2,398,200 | 1,948,152 | 4,461,088 | 2,299,642 | 1,874,339 | ||||||||||||||||
Contingent Consideration Limit | 25,000 | |||||||||||||||||||||
Contingent purchase price payments | 14,200 | 13,535 | 185 | |||||||||||||||||||
Contingent Purchase Price Term | 5 years | 6 years | ||||||||||||||||||||
Contingent purchase price payment terms | 60 days | 1 year | ||||||||||||||||||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||||||||||||||||||||
Contingent purchase price payments, balance | 7,217 | 9,859 | 7,003 | 9,559 | ||||||||||||||||||
Payments | 0 | 0 | ||||||||||||||||||||
Adjustments included in earnings | 214 | 300 | ||||||||||||||||||||
Compounded Annual Net Sales Growth Rate | 45.00% | |||||||||||||||||||||
Fair Value Inputs Discount Rate | 20.00% | |||||||||||||||||||||
Effect of five-percentage-point decrease in discount rate on liability, increase of | 1,000 | |||||||||||||||||||||
Effect of five-percentage-point increase or decrease on annual net sales growth rate | $ 1,000 |
X | ||||||||||
- Definition
Represents compounded annual net sales growth rate used as an input to measure fair value. No definition available.
|
X | ||||||||||
- Definition
Fair value of potential payments under contingent consideration arrangement. No definition available.
|
X | ||||||||||
- Definition
Maximum amount of potential cash payments that could result from the contingent consideration arrangement. No definition available.
|
X | ||||||||||
- Definition
Contingent purchase price payment terms No definition available.
|
X | ||||||||||
- Definition
Represents period covering contingent purchase price payments. No definition available.
|
X | ||||||||||
- Definition
Effect of a five-percentage-point increase or decrease in the discount rate on the liability. No definition available.
|
X | ||||||||||
- Definition
The effect of a five-percentage-point increase or decrease on the compounded annual net sales growth rate. No definition available.
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Company may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Derivative instrument obligations meeting the definition of a liability which the Company is a party to as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in earnings, arising from liabilities measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Settlements that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents a liability measured at fair value using significant unobservable inputs (Level 3) which is required for reconciliation purposes of beginning and ending balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents contracts related to the exchange of different currencies, including foreign currency options, forward (delivery or nondelivery) contracts, and swaps entered into and existing as of the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents contracts related to the exchange of different currencies, including foreign currency options, forward (delivery or nondelivery) contracts, and swaps entered into and existing as of the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of interest rate derivative assets, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of interest rate derivative liabilities, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
X | ||||||||||
- Definition
The net cash inflow or outflow associated with the aggregate amount of adjustment to the purchase price of a previous acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents the amount of short-term debt existing as of the balance sheet date. No definition available.
|
STOCK-BASED COMPENSATION - STOCK OPTION ACTIVITY (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
0 Months Ended | 3 Months Ended | |
---|---|---|---|
Feb. 13, 2013
|
May 05, 2013
|
Apr. 29, 2012
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Reduction in Number of Shares to Be Granted by Each Option Award | 1 | ||
Warnaco employee replacement stock awards | $ 39,752 | ||
Stock-based compensation expense | 18,897 | 10,516 | |
Assumptions used to estimate fair value of service-based stock options [Abstract] | |||
Weighted average risk-free interest rate | 0.95% | 1.20% | |
Expected term | 6 years 3 months | 6 years 3 months | |
Weighted average expected volatility | 45.13% | 45.16% | |
Expected annual dividends per share | $ 0.15 | $ 0.15 | |
Weighted average estimated fair value per option | $ 50.44 | $ 40.59 | |
Contingently issuable performance share awards, performance period | 2 years | ||
Contingently issuable performance share awards, service period | 3 years | ||
Stock Option [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting installments | 4 | ||
Beginning vesting term | one year after date of grant | ||
Service-based stock option activity [Roll Forward] | |||
Service-based stock options, outstanding, beginning of period | 1,958,000 | ||
Service-based stock options, replacement awards granted | 443,000 | ||
Service-based stock options, granted | 164,000 | ||
Service-based stock options, exercised | 159,000 | ||
Service-based stock options, cancelled | 8,000 | ||
Service-based stock options, outstanding, end of period | 2,398,000 | ||
Service-based stock options, exercisable | 1,617,000 | ||
Service-based stock options, outstanding, weighted average price per option, beginning of period | $ 44.17 | ||
Service-based stock options, replacement awards granted, weighted average price per option | $ 86.26 | ||
Service-based stock options, granted, weighted average price per option | $ 115.05 | ||
Service-based stock options, exercised, weighted average price per option | $ 63.55 | ||
Service-based stock options, cancelled, weighted average price per option | $ 86.29 | ||
Service-based stock options, outstanding, weighted average price per option, end of period | $ 55.37 | ||
Service-based stock options, exercisable, weighted average price per option | $ 45.49 | ||
Restricted Stock Units (RSUs) [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting installments | 3 | ||
Beginning vesting term | three years after date of grant | ||
Warnaco acquisition [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Warnaco employee replacement stock awards | $ 39,752 | ||
Assumptions used to estimate fair value of service-based stock options [Abstract] | |||
Weighted average risk-free interest rate | 0.24% | ||
Expected term | 1 year 8 months | ||
Weighted average expected volatility | 29.40% | ||
Expected annual dividends per share | $ 150.00 | ||
Weighted average estimated fair value per option | $ 40,600.00 | ||
Warnaco acquisition [Member] | Stock Option [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting installments | 3 |
X | ||||||||||
- Definition
The reduction in the number of shares available to be granted with each grant of an option award. No definition available.
|
X | ||||||||||
- Definition
Issuance of replacement stock awards pertaining to employee stock-based compensation grants, issued in connection with the acquisition of Warnaco and included in the total acquisition consideration. No definition available.
|
X | ||||||||||
- Definition
Represents the number of vesting installments granted to employees. No definition available.
|
X | ||||||||||
- Definition
Share based Compensation Arrangement by Share based Payment Award, Award Beginning Vesting No definition available.
|
X | ||||||||||
- Definition
Expected dividends per share included in fair value of service-based stock options assumptions No definition available.
|
X | ||||||||||
- Definition
Gross number of share options (or share units) granted during the period in connection with the Warnaco replacement awards. No definition available.
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan (Warnaco replacement awards). No definition available.
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Estimated period over which an employee is required to provide service in exchange for the equity-based payment award, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance on stock options awarded. No definition available.
|
X | ||||||||||
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
STOCK-BASED COMPENSATION - RSU, RESTRICTED STOCK AND PERFORMANCE SHARE ACTIVITY (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | |
---|---|---|
May 05, 2013
Y
|
Apr. 29, 2012
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share Based Payment Award Maximum Term | 10 | |
Reduction in Number of Shares to be Granted by Each Stock Award | 2 | |
Reduction in number of shares available to be granted, RSU awards made before April 29, 2009 | 3 | |
Reduction in number of shares available to be granted, RSU awards made on or after April 29, 2009 | 2 | |
RSU vesting, granted to employees, first annual installment | 25.00% | |
RSU vesting, granted to employees, second annual installment | 25.00% | |
RSU vesting, granted to employees, third annual installment | 50.00% | |
First RSU Vesting Installments, Employees, Number of Years Following Grant Date | 2 | |
First RSU Vesting Installments, Nonemployee Directors, Number of Years Following Grant Date, Awards Prior to 2010 | 1 | |
Receipt of service-based RSU vesting period, non-employee directors, granted during or after 2010 | 1 | |
Non-vested activity [Roll Forward] | ||
Other than options, granted number | 498,000 | |
Tax benefits realized, stock plan awards | $ 39,816 | $ 4,363 |
Excess tax benefits reported, stock plan awards | $ 14,788 | $ 2,912 |
Restricted Stock Units (RSUs) [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Service Based Award Vesting Installments, Employees | 3 | |
Service Based Award Vesting Installments, Non-Employee Directors | 4 | |
Non-vested activity [Roll Forward] | ||
Other than options, non-vested number, beginning of period | 660,000 | |
Other than options, replacement number | 120,000 | |
Other than options, granted number | 61,000 | |
Other than options, vested number | 105,000 | |
Other than options, cancelled number | 10,000 | |
Other than options, non-vested number, end of period | 726,000 | |
Other than options, non-vested, weighted average grant date fair value, beginning of period | $ 62.24 | |
Other than options, replacement awards, weighted average grant date fair value | $ 120.72 | |
Other than options, granted, weighted average grant date fair value | $ 115.05 | |
Other than options, vested, weighted average grant date fair value | $ 88.29 | |
Other than options, cancelled, weighted average grant date fair value | $ 75.81 | |
Other than options, non-vested, weighted average grant date fair value, end of period | $ 72.39 | |
Restricted Stock [Member]
|
||
Non-vested activity [Roll Forward] | ||
Other than options, non-vested number, beginning of period | 0 | |
Other than options, replacement number | 271,000 | |
Other than options, granted number | 0 | |
Other than options, vested number | 150,000 | |
Other than options, cancelled number | 6,000 | |
Other than options, non-vested number, end of period | 115,000 | |
Other than options, non-vested, weighted average grant date fair value, beginning of period | $ 0.00 | |
Other than options, replacement awards, weighted average grant date fair value | $ 120.72 | |
Other than options, granted, weighted average grant date fair value | $ 0.00 | |
Other than options, vested, weighted average grant date fair value | $ 120.72 | |
Other than options, cancelled, weighted average grant date fair value | $ 120.72 | |
Other than options, non-vested, weighted average grant date fair value, end of period | $ 120.72 | |
Performance Share [Member]
|
||
Non-vested activity [Roll Forward] | ||
Other than options, non-vested number, beginning of period | 594,000 | |
Other than options, granted number | 97,000 | |
Other than options, vested number | 498,000 | |
Other than options, cancelled number | 0 | |
Other than options, non-vested number, end of period | 193,000 | |
Other than options, non-vested, weighted average grant date fair value, beginning of period | $ 57.08 | |
Other than options, granted, weighted average grant date fair value | $ 114.77 | |
Other than options, vested, weighted average grant date fair value | $ 51.07 | |
Other than options, cancelled, weighted average grant date fair value | $ 0.00 | |
Other than options, non-vested, weighted average grant date fair value, end of period | $ 101.75 |
X | ||||||||||
- Definition
First RSU Vesting Installments, Employees, Number of Years Following Grant Date No definition available.
|
X | ||||||||||
- Definition
First RSU Vesting Installments, Nonemployee Directors, Number of Years Following Grant Date, Awards Prior to 2010 No definition available.
|
X | ||||||||||
- Definition
Represents the years after grant date at which time the individual begins to receive service-based RSU (granted during or after 2010) installments. No definition available.
|
X | ||||||||||
- Definition
The reduction in the number of shares available to be granted by each grant of an RSU award made prior to April 29, 2009. No definition available.
|
X | ||||||||||
- Definition
The reduction in the number of shares available to be granted by each grant of an RSU award made on or after April 29, 2009. No definition available.
|
X | ||||||||||
- Definition
The reduction in the number of shares available to be granted with each grant of a restricted stock award. No definition available.
|
X | ||||||||||
- Definition
Represents the number of vesting installments granted to employees. No definition available.
|
X | ||||||||||
- Definition
Represents the vesting installments granted to non-employee directors for service-based awards. No definition available.
|
X | ||||||||||
- Definition
Award term as to what percentage of an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, thereby giving the employee the legal right to convert the award to shares, to sell shares, and be entitled to the cash proceeds of such sale. No definition available.
|
X | ||||||||||
- Definition
Award term as to what percentage of an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, thereby giving the employee the legal right to convert the award to shares, to sell the shares, and be entitled to the cash proceeds of such sale. No definition available.
|
X | ||||||||||
- Definition
Award term as to what percentage of an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, thereby giving the employee the legal right to convert the award to shares, to sell shares, and be entitled to the cash proceeds of such sale. No definition available.
|
X | ||||||||||
- Definition
The number of replacement awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award, Equity Instrument Other Than Options, Replacement Awards In Period, Weighted Average Grant Date Fair Value No definition available.
|
X | ||||||||||
- Definition
Description of the period of time over which awards are generally granted. No definition available.
|
X | ||||||||||
- Definition
The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of excess tax benefit (tax deficiency) that arises when compensation cost from non-qualified share-based compensation recognized on the entity's tax return exceeds (is less than) compensation cost from equity-based compensation recognized in financial statements. Excess tax benefit (tax deficiency) increases (decreases) net cash provided by financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
ACCUMULATED OTHER COMPREHENSIVE INCOME CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
May 05, 2013
|
Apr. 29, 2012
|
Feb. 03, 2013
|
|
Balance, foreign currency translation adjustments | $ 44,433 | $ 153,648 | |
Other comprehensive (loss) income before reclassifications, foreign currency translation adjustments | (109,215) | ||
Amounts reclassified from AOCI, foreign currency translation adjustments | 0 | ||
Foreign currency translation adjustments, net of tax | (109,215) | 17,001 | |
Balance, retirement liability adjustment | 1,416 | 1,552 | |
Other comprehensive (loss) income before reclassifications, pension and postretirement plans | 0 | ||
Amounts reclassified from AOCI, retirement liability adjustment | 136 | ||
Amortization of prior service credit related to pension and postretirement plans, net of tax | (136) | (136) | |
Balance, net unrealized and realized (loss) gain on effective hedges | (7,460) | (15,318) | |
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges | 8,759 | ||
Amounts reclassified from AOCI, net unrealized and realized (loss) gain on effective hedges | 901 | ||
Net unrealized and realized gain (loss) on effective hedges, net of tax | 7,858 | (4,247) | |
Accumulated other comprehensive income | 38,389 | 86,453 | 139,882 |
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax | (100,456) | ||
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss), Net of Tax | 1,037 | ||
Other comprehensive (loss) income | $ (101,493) |
X | ||||||||||
- Definition
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss), Net of Tax No definition available.
|
X | ||||||||||
- Definition
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax No definition available.
|
X | ||||||||||
- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax, before reclassification adjustments, resulting from the process of expressing in the reporting currency of the reporting entity those amounts that are denominated or measured in a different currency, and from transactions whose terms are denominated in a currency other than the entity's functional currency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax and reclassification adjustments amount of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax and reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment for translation gain (loss) realized upon the sale or complete or substantially complete liquidation of an investment in a foreign entity. Also includes reclassification adjustments on foreign currency hedges that are designated and qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount, before reclassification adjustments, of the change in accumulated other comprehensive income (loss) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax and reclassifications amount of pension and other postretirement benefit plans (gain) loss included in accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment for actuarial (gains) losses recognized as a component of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
ACCUMULATED OTHER COMPREHENSIVE INCOME RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended |
---|---|
May 05, 2013
|
|
Realized gain (loss) on effective hedges, tax benefit | $ 1,126 |
Amounts reclassified from AOCI, net unrealized and realized (loss) gain on effective hedges | 901 |
Amortization of retirement liability items | 220 |
Amortization of prior service credit related to pension and postretirement plan, tax benefit | 84 |
Amounts reclassified from AOCI, retirement liability adjustment | 136 |
Foreign Exchange Forward Inventory Purchases [Member]
|
|
Realized gain (loss) on effective hedges | 3,181 |
Interest Rate Contract [Member]
|
|
Realized gain (loss) on effective hedges | $ (1,154) |
X | ||||||||||
- Definition
Tax effect of the income statement impact of the reclassification adjustment for prior service costs recognized as a component of net period benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Before tax amount of the income statement impact of the reclassification adjustment for prior service costs recognized as a component of net period benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Before tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tax effect of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment for actuarial (gains) losses recognized as a component of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
STOCKHOLDERS' EQUITY (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
0 Months Ended | 3 Months Ended | |||||
---|---|---|---|---|---|---|---|
May 05, 2013
|
Feb. 03, 2013
|
Apr. 29, 2012
|
Feb. 13, 2013
Warnaco acquisition [Member]
|
Apr. 29, 2012
Series A Preferred Stock Issuance And Conversion [Member]
individual
|
Aug. 01, 2010
Series A Preferred Stock Issuance And Conversion [Member]
|
May 05, 2013
Series A Preferred Stock Issuance And Conversion [Member]
|
|
Business Acquisition [Line Items] | |||||||
Business acquisition, equity interest issued or issuable, number of shares | 7,674,000 | ||||||
Common stock, par value (in dollars per share) | $ 1 | $ 1 | $ 1 | $ 1.00 | |||
Preferred stock, shares issued (in shares) | 8,000 | ||||||
Net proceeds from preferred stock issuance | $ 188,595 | ||||||
Conversion of preferred stock, amount converted | $ 94,297 | ||||||
Conversion of preferred stock, shares converted | 4,000 | ||||||
Holders of Series A convertible preferred stock | 1 | 1 | |||||
Increase in common stock | 2,095,000 |
X | ||||||||||
- Definition
Holders Of Series A Convertible Preferred Stock No definition available.
|
X | ||||||||||
- Definition
Number of shares of equity interests issued or issuable to acquire entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
ACTIVITY EXIT COSTS (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended |
---|---|
May 05, 2013
|
|
Warnaco Acquisition and Integration Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs expected to be incurred | $ 230,000 |
Total costs incurred | 87,704 |
Restructuring Reserve [Roll Forward] | |
Total liability, end of period | 56,337 |
Tommy Hilfiger Integration and Exit Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs incurred | 0 |
Restructuring Reserve [Roll Forward] | |
Total liability, beginning of period | 2,776 |
Total costs paid | 707 |
Total liability, end of period | 2,069 |
Severance, termination benefits and other costs [Member] | Warnaco Acquisition and Integration Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs expected to be incurred | 150,000 |
Total costs incurred | 57,113 |
Restructuring Reserve [Roll Forward] | |
Total liability, end of period | 26,337 |
Severance, termination benefits and other costs [Member] | Tommy Hilfiger Integration and Exit Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs incurred | 0 |
Restructuring Reserve [Roll Forward] | |
Total liability, beginning of period | 763 |
Total costs paid | 219 |
Total liability, end of period | 544 |
Inventory liquidation costs[Member] | Warnaco Acquisition and Integration Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs expected to be incurred | 30,000 |
Total costs incurred | 30,000 |
Restructuring Reserve [Roll Forward] | |
Total liability, end of period | 30,000 |
Lease/contract termination and related costs [Member] | Warnaco Acquisition and Integration Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs expected to be incurred | 50,000 |
Total costs incurred | 591 |
Restructuring Reserve [Roll Forward] | |
Total liability, end of period | 0 |
Lease/contract termination and related costs [Member] | Tommy Hilfiger Integration and Exit Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs incurred | 0 |
Restructuring Reserve [Roll Forward] | |
Total liability, beginning of period | 2,013 |
Total costs paid | 488 |
Total liability, end of period | 1,525 |
Calvin Klein North America [Member] | Warnaco Acquisition and Integration Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs incurred | 13,595 |
Calvin Klein International [Member] | Warnaco Acquisition and Integration Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs incurred | 12,010 |
Heritage Brands Wholesale [Member] | Warnaco Acquisition and Integration Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs incurred | 7,023 |
Unallocated Amount to Segment [Member] | Warnaco Acquisition and Integration Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Total costs incurred | $ 25,076 |
X | ||||||||||
- Definition
Amount expected to be charged against earnings in the current and future periods for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
NET INCOME PER COMMON SHARE (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
---|---|---|
May 05, 2013
|
Apr. 29, 2012
|
|
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||
Net (loss) income attributable to PVH Corp. | $ (20,052) | $ 95,476 |
Common stock dividends paid to holders of Series A convertible preferred stock | 0 | (209) |
Allocation of income to Series A convertible preferred stock | 0 | (4,345) |
Net income available to common stockholders for basic net income per common share | $ (20,052) | $ 90,922 |
Weighted average common shares outstanding for basic net income per common share | 79,970 | 68,539 |
Weighted average impact of dilutive securities | 0 | 1,588 |
Weighted average impact of assumed convertible preferred stock conversion | 0 | 3,475 |
Total shares for diluted net income per common share | 79,970 | 73,602 |
Basic net (loss) income per common share attributable to PVH Corp. | $ (0.25) | $ 1.33 |
Diluted net (loss) income per common share attributable to PVH Corp. | $ (0.25) | $ 1.30 |
Weighted average antidilutive securities | 3,685 | 254 |
X | ||||||||||
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition
Earnings allocated (not distributed) to participating securities under the two-class method to the extent that participating securities may share in earnings as if all of the earnings for the period had been distributed. No definition available.
|
X | ||||||||||
- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
NET INCOME PER COMMON SHARE - DILUTED (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
May 05, 2013
|
Apr. 29, 2012
|
|
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||
Net income available to common stockholders for basic net income per common share (add back section) | $ (20,052) | $ 90,922 |
Common stock dividends paid to holders of Series A convertible preferred stock | 0 | 209 |
Allocation of income to Series A convertible preferred stock | 0 | 4,345 |
Net income available to common stockholders for diluted net income per common share | $ (20,052) | $ 95,476 |
Number of dilutive shares that could be issued upon vesting | 193 | 686 |
X | ||||||||||
- Definition
Represents the number of dilutive shares that could be issued upon vesting. No definition available.
|
X | ||||||||||
- Definition
Preferred Stock Dividends Excluding Gains, Income Statement Impact No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Earnings allocated (not distributed) to participating securities under the two-class method to the extent that participating securities may share in earnings as if all of the earnings for the period had been distributed. No definition available.
|
NONCASH INVESTING AND FINANCING ACTIVITIES (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
0 Months Ended | 3 Months Ended | ||
---|---|---|---|---|
Feb. 13, 2013
|
May 05, 2013
|
Apr. 29, 2012
|
Feb. 03, 2013
|
|
Nonmonetary Transaction [Line Items] | ||||
Liabilities incurred related to contingent purchase price payments | $ 12,766 | |||
Contingent purchase price payments | 14,200 | 13,535 | ||
Common stock, par value (in dollars per share) | $ 1 | $ 1 | $ 1 | |
Warnaco employee replacement stock awards | 39,752 | |||
Deferred debt issuance costs | 5,757 | |||
Calvin Klein licensing business [Member]
|
||||
Nonmonetary Transaction [Line Items] | ||||
Liabilities incurred related to contingent purchase price payments | 12,766 | 12,563 | ||
Contingent purchase price payment terms | Due 45 days subsequent to the Company’s applicable quarter end | |||
Contingent purchase price payments | 14,200 | 13,535 | ||
Warnaco acquisition [Member]
|
||||
Nonmonetary Transaction [Line Items] | ||||
Stock issued during period, shares, acquisitions | 7,674 | |||
Common stock, par value (in dollars per share) | $ 1.00 | |||
Business acquisition, equity interest issued, treasury stock, number of shares | 416 | |||
Increase in common stock | 7,258 | |||
Increase in additional paid in capital | 888,925 | |||
Decrease in treasury stock | 30,269 | |||
Warnaco employee replacement stock awards | 39,752 | |||
Elimination of pre-acquisition liability to Warnaco | 9,128 | |||
Series A Preferred Stock Issuance And Conversion [Member]
|
||||
Nonmonetary Transaction [Line Items] | ||||
Increase in common stock | 2,095 | |||
Increase in additional paid in capital | 92,202 | |||
Holders of Series A convertible preferred stock | 1 | 1 | ||
Conversion of preferred stock, shares converted | 4 | |||
Stock issued during period, shares, conversion of convertible preferred stock | 2,095 | |||
Conversion of preferred stock, amount converted | $ 94,297 |
X | ||||||||||
- Definition
Represents increases or decreases in treasury stock not separately disclosed. No definition available.
|
X | ||||||||||
- Definition
Number of treasury shares issued or issuable to acquire entity. No definition available.
|
X | ||||||||||
- Definition
Contingent purchase price payment terms No definition available.
|
X | ||||||||||
- Definition
Holders Of Series A Convertible Preferred Stock No definition available.
|
X | ||||||||||
- Definition
Increase in common stock during period. No definition available.
|
X | ||||||||||
- Definition
Represents a pre-acquisition liability payable to Warnaco. No definition available.
|
X | ||||||||||
- Definition
Issuance of replacement stock awards pertaining to employee stock-based compensation grants, issued in connection with the acquisition of Warnaco and included in the total acquisition consideration. No definition available.
|
X | ||||||||||
- Definition
Represents increases or decreases in additional paid in capital not separately disclosed. No definition available.
|
X | ||||||||||
- Definition
This element represents the amount of any change, including any differences arising upon settlement, recognized during the reporting period in the value of an asset or assets, arising from an item of contingent consideration, recognized in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net cash inflow or outflow associated with the aggregate amount of adjustment to the purchase price of a previous acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of stock issued during the period pursuant to acquisitions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
SEGMENT DATA (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 05, 2013
|
Feb. 03, 2013
|
Apr. 29, 2012
|
Feb. 03, 2013
|
|||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||
Segment Reporting, Number of Reportable Segments | 6 | |||||||||||||||||
Net sales | $ 1,823,045 | $ 1,312,849 | ||||||||||||||||
Royalty revenue | 67,067 | 85,460 | ||||||||||||||||
Advertising and other revenue | 20,048 | 29,097 | ||||||||||||||||
Total revenue | 1,910,160 | 1,427,406 | ||||||||||||||||
Income (loss) before interest and taxes | 6,785 | 156,082 | ||||||||||||||||
Business Combination, Integration Related Costs | 194,107 | 3,316 | ||||||||||||||||
Debt modification and extinguishment costs | 40,395 | 0 | ||||||||||||||||
Assets | 11,607,284 | 7,781,549 | 6,780,397 | 7,781,549 | ||||||||||||||
Proceeds from issuance of long-term debt | 700,000 | 700,000 | ||||||||||||||||
Calvin Klein North America [Member]
|
||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||
Net sales | 293,340 | 161,974 | ||||||||||||||||
Royalty revenue | 25,416 | 31,308 | ||||||||||||||||
Advertising and other revenue | 8,695 | 11,874 | ||||||||||||||||
Total revenue | 327,451 | 205,156 | ||||||||||||||||
Income (loss) before interest and taxes | 12,438 | [1] | 36,078 | |||||||||||||||
Business Combination, Integration Related Costs | 41,102 | |||||||||||||||||
Assets | 1,905,514 | 752,029 | 697,267 | 752,029 | ||||||||||||||
Calvin Klein International [Member]
|
||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||
Sales Returns, Goods | 30,000 | |||||||||||||||||
Net sales | 255,188 | [2] | 9,745 | |||||||||||||||
Royalty revenue | 18,353 | 34,165 | ||||||||||||||||
Advertising and other revenue | 6,866 | 13,053 | ||||||||||||||||
Total revenue | 280,407 | 56,963 | ||||||||||||||||
Income (loss) before interest and taxes | (48,154) | [1] | 22,226 | |||||||||||||||
Business Combination, Integration Related Costs | 100,460 | |||||||||||||||||
Assets | 3,383,852 | 584,860 | 566,398 | 584,860 | ||||||||||||||
Tommy Hilfiger North America [Member]
|
||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||
Net sales | 337,676 | 298,980 | ||||||||||||||||
Royalty revenue | 6,490 | 4,524 | ||||||||||||||||
Advertising and other revenue | 2,458 | 1,687 | ||||||||||||||||
Total revenue | 346,624 | 305,191 | ||||||||||||||||
Income (loss) before interest and taxes | 46,010 | 28,877 | [3] | |||||||||||||||
Business Combination, Integration Related Costs | 379 | |||||||||||||||||
Assets | 1,174,690 | 1,137,404 | 1,179,654 | 1,137,404 | ||||||||||||||
Tommy Hilfiger International [Member]
|
||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||
Net sales | 451,786 | 453,850 | ||||||||||||||||
Royalty revenue | 11,753 | 10,280 | ||||||||||||||||
Advertising and other revenue | 1,214 | 1,044 | ||||||||||||||||
Total revenue | 464,753 | 465,174 | ||||||||||||||||
Income (loss) before interest and taxes | 72,142 | 73,480 | ||||||||||||||||
Assets | 3,132,956 | 3,278,813 | 3,086,564 | 3,278,813 | ||||||||||||||
Heritage Brands Wholesale [Member]
|
||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||
Net sales | 354,569 | 254,118 | ||||||||||||||||
Royalty revenue | 3,992 | 3,980 | ||||||||||||||||
Advertising and other revenue | 604 | 1,168 | ||||||||||||||||
Total revenue | 359,165 | 259,266 | ||||||||||||||||
Income (loss) before interest and taxes | 28,355 | [1] | 20,240 | |||||||||||||||
Business Combination, Integration Related Costs | 17,523 | |||||||||||||||||
Assets | 1,406,490 | 555,544 | 578,926 | 555,544 | ||||||||||||||
Heritage Brand Retail [Member]
|
||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||
Net sales | 130,486 | 134,182 | ||||||||||||||||
Royalty revenue | 1,063 | 1,203 | ||||||||||||||||
Advertising and other revenue | 211 | 271 | ||||||||||||||||
Total revenue | 131,760 | 135,656 | ||||||||||||||||
Income (loss) before interest and taxes | (6,803) | (2,596) | ||||||||||||||||
Assets | 200,511 | 175,717 | 176,594 | 175,717 | ||||||||||||||
Unallocated Amount to Segment [Member]
|
||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||
Income (loss) before interest and taxes | (97,203) | [1],[4] | (22,223) | [3] | ||||||||||||||
Business Combination, Integration Related Costs | 35,022 | 2,937 | ||||||||||||||||
Debt modification and extinguishment costs | 40,395 | |||||||||||||||||
Assets | $ 403,271 | $ 1,297,182 | [5] | $ 494,994 | $ 1,297,182 | [5] | ||||||||||||
|
X | ||||||||||
- Definition
Includes (i) advertising revenue, which represents contributions made by licensees toward advertising based on contractual obligations, and (ii) revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. No definition available.
|
X | ||||||||||
- Definition
Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
|
X | ||||||||||
- Definition
Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, interest expense, interest income, income taxes, extraordinary items, cumulative items, cumulative effects of change in accounting principles and noncontrolling interest. No definition available.
|
X | ||||||||||
- Definition
Segment Reporting, Number of Reportable Segments No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
|
X | ||||||||||
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate refunds recognized during an accounting period due to goods returned by customers (other than under warranty provisions). Returns are a deduction from gross revenue in arriving at net revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
GUARANTEES (Details) (USD $)
In Thousands, unless otherwise specified |
May 05, 2013
|
---|---|
Guarantor Obligations [Line Items] | |
Guarantee Obligations Maximum Exposure, Rent and Related | $ 3,700 |
Guarantee Obligations Recourse | $ 2,300 |
X | ||||||||||
- Definition
Maximum potential amount of future rent and related payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. No definition available.
|
X | ||||||||||
- Definition
Potential amount any recourse provisions would enable guarantor to recover from third parties under the guarantee (or each group of similar guarantees). No definition available.
|
X | ||||||||||
- Details
|