^[1],[2]

2,363,754,000

2,190,453,000

^[3]

2,184,495,000

^[3]

Selling, general and administrative expenses

1,534,906,000

1,445,413,000

1,397,065,000

Gross profit

828,848,000

745,040,000

787,430,000

743,823,000

682,559,000

666,130,000

Net (gains) losses on lease terminations

11,373,000

(695,000)

(2,337,000)

8,479,000

34,385,000

2,287,000

6,083,000

Earnings from operations

^[2]

65,173,000

22,708,000

121,350,000

Other income (expense):

Earnings before income tax expense

(2,431,000)

(1,897,000)

(1,953,000)

Interest income

4,106,000

1,890,000

1,045,000

Other income, net

3,423,000

30,909,000

6,837,000

Total other income

5,098,000

30,902,000

5,929,000

70,271,000

53,610,000

127,279,000

Net earnings attributable to noncontrolling interests

^[4]

74,172,000

28,212,000

42,464,000

Net earnings (loss)

(3,901,000)

25,398,000

84,815,000

3,993,000

2,637,000

2,964,000

Net earnings (loss) per common share attributable to common stockholders (Note 18):

$ (7,894,000)

$ 22,761,000

$ 81,851,000

Basic (in dollars per share)

$ (0.11)

$ 0.27

$ 0.97

Diluted (in dollars per share)

$ (0.11)

$ 0.27

$ 0.96

Weighted average common shares outstanding attributable to common stockholders (Note 18):

Basic (in shares)

82,189

83,666

84,264

Diluted (in shares)

82,189

83,829

84,525

Dividends declared per common share (in dollars per share)

$ 0.9

$ 0.90

[1]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation. This reclassification had no impact on previously reported earnings from operations.
[2]	The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018.
[3]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.
[4]	During fiscal 2018, the Company adopted authoritative guidance which requires all income tax effects of stock awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity. As a result, the Company recorded tax shortfalls of approximately $1.3 million in the Company’s income tax expense during fiscal 2018.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ (3,901)	$ 25,398	$ 84,815
Foreign currency translation adjustment
Gains (losses) arising during the period	93,416	(2,632)	(37,744)
Derivative financial instruments designated as cash flow hedges
Gains (losses) arising during the period	(23,388)	887	9,801
Less income tax effect	2,980	172	(1,857)
Reclassification to net earnings (loss) for (gains) losses realized	656	(3,603)	(9,147)
Less income tax effect	(242)	692	1,298
Marketable securities
Losses arising during the period	0	(4)	(19)
Less income tax effect	0	3	7
Reclassification to net earnings for losses realized	0	25	0
Less income tax effect	0	(9)	0
Defined benefit plans
Net actuarial gains (losses)	(2,248)	(1,185)	8,366
Plan amendment	0	0	167
Foreign currency and other adjustments	(269)	(72)	274
Less income tax effect	518	95	(3,339)
Net actuarial loss amortization	462	341	924
Prior service credit amortization	(27)	(28)	(97)
Curtailment	0	0	(1,651)
Less income tax effect	(83)	(74)	367
Total comprehensive income	67,874	20,006	52,165
Less comprehensive income attributable to noncontrolling interests:
Net earnings	3,993	2,637	2,964
Foreign currency translation adjustment	2,238	(2,057)	(1,661)
Amounts attributable to noncontrolling interests	6,231	580	1,303
Comprehensive income attributable to Guess, Inc.	$ 61,643	$ 19,426	$ 50,862

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Nonredeemable Noncontrolling Interests
Balance at beginning of period at Jan. 31, 2015	$ 1,089,446	$ 853	$ 453,546	$ 1,265,524	$ (127,065)	$ (519,002)	$ 15,590
Stock at beginning of period (in shares) at Jan. 31, 2015		85,323,154				54,235,846
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	84,815			81,851			2,964
Foreign currency translation adjustment	(37,744)				(36,083)		(1,661)
Gain (loss) on derivative financial instruments designated as cash flow hedges	95				95
Other-than-temporary-impairment and unrealized loss on marketable securities	(12)				(12)
Actuarial valuation gain (loss) and related amortization, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments on defined benefit plans	5,011				5,011
Issuance of common stock under stock compensation plans (in shares)		469,937
Issuance of common stock under stock compensation plans including tax effect	(4,023)	$ 5	(4,028)
Issuance of stock under Employee Stock Purchase Plan (in shares)		40,846				(40,846)
Issuance of stock under Employee Stock Purchase Plan	660		263			$ 397
Share-based compensation	18,880		18,773	107
Dividends	(77,287)			(77,287)
Share repurchases (in shares)		(2,000,000)				2,000,000
Share repurchases	(44,053)	$ (20)	20			$ (44,053)
Noncontrolling interest capital distribution	(4,075)						(4,075)
Redeemable noncontrolling interest redemption value adjustment	(420)			(420)
Balance at end of period at Jan. 30, 2016	1,031,293	$ 838	468,574	1,269,775	(158,054)	$ (562,658)	12,818
Stock at end of period (in shares) at Jan. 30, 2016		83,833,937.000				56,195,000
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	25,398			22,761			2,637
Foreign currency translation adjustment	(2,632)				(575)		(2,057)
Gain (loss) on derivative financial instruments designated as cash flow hedges	(1,852)				(1,852)
Other-than-temporary-impairment and unrealized loss on marketable securities	15				15
Actuarial valuation gain (loss) and related amortization, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments on defined benefit plans	(923)				(923)
Issuance of common stock under stock compensation plans (in shares)		481,037
Issuance of common stock under stock compensation plans including tax effect	(3,813)	$ 6	(3,819)
Issuance of stock under Employee Stock Purchase Plan (in shares)		44,486				(44,486)
Issuance of stock under Employee Stock Purchase Plan	558		112			$ 446
Share-based compensation	16,908		16,698	210
Dividends	(76,997)			(76,997)
Share repurchases (in shares)		(289,968)				289,968
Share repurchases	(3,532)	$ (3)	3			$ (3,532)
Purchase of redeemable noncontrolling interest	0		(1,133)				1,133
Noncontrolling interest capital distribution	(2,759)						(2,759)
Redeemable noncontrolling interest redemption value adjustment	(670)			(670)
Balance at end of period at Jan. 28, 2017	$ 980,994	$ 841	480,435	1,215,079	(161,389)	$ (565,744)	11,772
Stock at end of period (in shares) at Jan. 28, 2017	84,069,492	84,069,492.000				56,440,482.000
Increase (Decrease) in Stockholders' Equity
Cumulative adjustment from adoption of new accounting guidance	$ 0		268	942	(1,210)
Net earnings (loss)	(3,901)			(7,894)			3,993
Foreign currency translation adjustment	93,416				91,178		2,238
Gain (loss) on derivative financial instruments designated as cash flow hedges	(19,994)				(19,994)
Actuarial valuation gain (loss) and related amortization, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments on defined benefit plans	(1,647)				(1,647)
Issuance of common stock under stock compensation plans (in shares)		1,113,713
Issuance of common stock under stock compensation plans including tax effect	(1,257)	$ 10	(1,267)
Issuance of stock under Employee Stock Purchase Plan (in shares)		54,300				(54,300)
Issuance of stock under Employee Stock Purchase Plan	566		17			$ 549
Share-based compensation	18,852		18,758	94
Dividends	(76,048)			(76,048)
Share repurchases (in shares)		(3,866,387)				3,866,387.000
Share repurchases	(56,159)	$ (38)	38			$ (56,159)
Noncontrolling interest capital contribution	11						11
Noncontrolling interest capital distribution	(1,358)						(1,358)
Balance at end of period at Feb. 03, 2018	$ 933,475	$ 813	$ 498,249	$ 1,132,173	$ (93,062)	$ (621,354)	$ 16,656
Stock at end of period (in shares) at Feb. 03, 2018	81,371,118	81,371,118.000				60,252,569.000

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Cash flows from operating activities:

Net earnings (loss)

$ (3,901)

$ 25,398

$ 84,815

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:

Depreciation and amortization of property and equipment

62,083

67,480

68,588

Amortization of intangible assets

1,505

1,839

2,096

Share-based compensation expense

18,852

16,908

18,880

Unrealized forward contract (gains) losses

3,087

(3,157)

(1,937)

Deferred income taxes

23,802

408

723

Net (gain) loss on disposition of property and equipment and long-term assets

6,891

11,809

(4,255)

Other items, net

(7,832)

3,495

3,442

Changes in operating assets and liabilities:

Accounts receivable

(11,656)

(10,805)

(5,970)

Inventories

(28,120)

(57,096)

(2,179)

Prepaid expenses and other assets

(429)

(1,839)

(67)

Accounts payable and accrued expenses

69,299

19,054

33,510

Deferred rent and lease incentives

1,221

3,117

(3,384)

Other long-term liabilities

13,568

(4,871)

(14,594)

Net cash provided by operating activities

148,370

71,740

179,668

Cash flows from investing activities:

Purchases of property and equipment

^[1]

(84,655)

(90,581)

(83,844)

Proceeds from sale of long-term assets

1,052

43,399

Changes in other assets

753

2,614

Acquisition of businesses, net of cash acquired

(4,850)

(2,068)

(1,330)

Net cash settlement of forward contracts

(2,150)

266

9,014

Purchases of investments

(497)

Net cash used in investing activities

(90,347)

(48,984)

(73,546)

Cash flows from financing activities:

Payment of debt issuance costs

(111)

(1,072)

Proceeds from borrowings

166

21,500

948

Repayment of borrowings and capital lease obligations

(1,633)

(4,747)

(1,518)

Dividends paid

(76,057)

(76,503)

(76,860)

Purchase of redeemable noncontrolling interest

(4,445)

Noncontrolling interest capital contribution

962

2,157

871

Noncontrolling interest capital distribution

(1,358)

(2,759)

(4,075)

Issuance of common stock, net of tax withholdings on vesting of stock awards

(690)

(594)

(2,220)

Purchase of treasury stock

(50,127)

(3,532)

(44,053)

Net cash used in financing activities

(128,737)

(69,034)

(127,979)

Effect of exchange rates on cash, cash equivalents and restricted cash

40,746

(2,071)

(15,964)

Net change in cash, cash equivalents and restricted cash

(29,968)

(48,349)

(37,821)

Cash, cash equivalents and restricted cash at the beginning of the year

397,650

445,999

483,820

Cash, cash equivalents and restricted cash at the beginning of the year

367,682

397,650

445,999

Supplemental cash flow data:

Interest paid

2,078

1,225

868

Income taxes paid

26,907

24,869

31,188

Non-cash investing and financing activity:

Assets acquired under capital lease obligations

$ 18,502

$ 0

[1]	The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018.

Description of the Business and Summary of Significant Accounting Policies and Practices

12 Months Ended

Feb. 03, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of the Business and Summary of Significant Accounting Policies and Practices

Description of the Business

Guess?, Inc. (the “Company” or “GUESS?”) designs, markets, distributes and licenses a leading lifestyle collection of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. The Company’s designs are sold in GUESS? owned stores, to a network of wholesale accounts that includes better department stores, selected specialty retailers and upscale boutiques and through the Internet. GUESS? branded products, some of which are produced under license, are also sold internationally through a series of retail store licensees and wholesale distributors.

Correction of Immaterial Error

During the year ended February 3, 2018, the Company identified an immaterial error related to the classification of net royalties received on the Company’s purchases of licensed product. The Company’s typical license agreement requires the licensee to pay the Company a royalty based on the licensee’s net sales of licensed products, which in certain cases also includes licensed inventory that was purchased by the Company. Historically, the Company has included royalties received on the Company’s purchases of licensed product in net royalties generated from its Licensing segment. However, in connection with the Company’s review of the new revenue recognition standard, it was determined that such royalties received should be recorded as a reduction of the cost of the licensed product under existing revenue recognition guidance. As a result, during the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, prior period amounts related to net royalties, net revenue and cost of product sales have been adjusted to conform to the current period presentation. This resulted in a decrease to net revenue and cost of product sales of $18.9 million and $19.8 million for fiscal 2017 and fiscal 2016, respectively. This reclassification had no impact on previously reported earnings (loss) from operations, net earnings (loss) or net earnings (loss) per share.

Reclassifications

The Company has made certain reclassifications to prior period amounts to conform to the current period presentation within the accompanying notes to the consolidated financial statements.

Fiscal Year

The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. All references herein to “fiscal 2018,” “fiscal 2017” and “fiscal 2016” represent the results of the 53-week fiscal year ended February 3, 2018 and the 52-week fiscal years ended January 28, 2017 and January 30, 2016. The additional week in fiscal 2018 occurred during the fourth quarter ended February 3, 2018. References to “fiscal 2019” represent the 52-week fiscal year ending February 2, 2019.

Principles of Consolidation

The consolidated financial statements include the accounts of Guess?, Inc., its wholly-owned direct and indirect subsidiaries and its non-wholly-owned subsidiaries and joint ventures in which the Company has a controlling financial interest and is determined to be the primary beneficiary. Accordingly, all references herein to “Guess?, Inc.” include the consolidated results of the Company, its wholly-owned subsidiaries and its joint ventures. All intercompany accounts and transactions are eliminated during the consolidation process.

Use of Estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the amounts reported in the financial statements and disclosed in the accompanying notes. Significant areas requiring the use of management estimates relate to the allowances for doubtful accounts, sales return and markdown allowances, gift card and loyalty accruals, valuation of inventories, share-based compensation, recoverability of deferred taxes, unrecognized tax benefits, the useful life of assets for depreciation and amortization, evaluation of asset impairment, pension obligations, workers’ compensation and medical self-insurance expense and accruals, litigation reserves and restructuring expense and accruals. Actual results could differ from those estimates.

Business Segment Reporting

Where applicable, the Company reports information about business segments and related disclosures about products and services, geographic areas and major customers. The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: Americas Retail, Americas Wholesale, Europe, Asia and Licensing. The Company’s Americas Retail, Americas Wholesale, Europe and Licensing reportable segments are the same as their respective operating segments. Certain components of the Company’s Asia reportable segment are separate operating segments based on region which have been aggregated into the Asia reportable segment for disclosure purposes. During fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. During fiscal 2018, segment results were also adjusted to exclude corporate performance-based compensation costs, net gains (losses) on lease terminations and asset impairment charges due to the fact that these items are no longer included in the segment results provided to the Company’s chief operating decision maker in order to allocate resources and assess performance. Accordingly, segment results have been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before corporate performance-based compensation costs, net gains (losses) from lease terminations, asset impairment charges and restructuring charges, if any. The Company believes this segment reporting reflects how its business segments are managed and how each segment’s performance is evaluated by the Company’s chief operating decision maker to assess performance and make resource allocation decisions. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America. The Americas Wholesale segment includes the Company’s wholesale operations in the Americas. The Europe segment includes the Company’s retail, e-commerce and wholesale operations in Europe and the Middle East. The Asia segment includes the Company’s retail, e-commerce and wholesale operations in Asia and the Pacific. The Licensing segment includes the worldwide licensing operations of the Company. The business segment operating results exclude corporate overhead costs, which consist of shared costs of the organization, net gains (losses) on lease terminations, asset impairment charges and restructuring charges. Corporate overhead costs are presented separately and generally include, among other things, the following unallocated corporate costs: accounting and finance, executive compensation, corporate performance-based compensation, facilities, global advertising and marketing, human resources, information technology and legal. Information regarding these segments is summarized in Note 17.

Revenue Recognition

General

The Company recognizes retail operations revenue at the point of sale and wholesale operations revenue from the sale of merchandise when products are shipped and the customer takes title and assumes risk of loss, collection of the relevant receivable is reasonably assured, pervasive evidence of an arrangement exists, and the sales price is fixed or determinable. Revenue from our e-commerce operations, including shipping fees, is recognized based on the estimated customer receipt date. The Company accrues for estimated sales returns and other allowances in the period in which the related revenue is recognized. To recognize the financial impact of sales returns, the Company estimates the amount of goods that will be returned based on historical experience and reduces sales and cost of sales accordingly. Sales taxes and value added taxes collected from customers and remitted directly to governmental authorities are excluded from net revenues.

Net Royalty Revenue

Royalty revenue is based upon a percentage, as defined in the underlying agreement, of the licensee’s actual net sales or minimum net sales, whichever is greater. The Company may also receive special payments in consideration of the grant of license rights. These payments are recognized ratably as revenue over the term of the license agreement. The unrecognized portion of upfront payments is included in deferred royalties in accrued expenses and other long-term liabilities depending on the short or long-term nature of the payments to be recognized. As of February 3, 2018, the Company had $6.8 million and $12.8 million of deferred royalties included in accrued expenses and other long-term liabilities, respectively. This compares to $6.1 million and $16.4 million of deferred royalties included in accrued expenses and other long-term liabilities, respectively, at January 28, 2017.

Gift Cards

Gift card breakage is income recognized due to the non-redemption of a portion of gift cards sold by the Company for which a liability was recorded in prior periods. Gifts cards are mainly used in the U.S. and Canada. The Company issues its gift cards in the U.S. and Canada through one of its subsidiaries and is not required by law to escheat the value of unredeemed gift cards to the state in which the subsidiary is domiciled. Estimated breakage amounts are accounted for under the redemption recognition method and are classified as additional net revenues as the gift cards are redeemed. The Company’s gift card breakage rate is approximately 6.1% and 5.1% for the U.S. retail business and Canadian retail business, respectively, based upon historical redemption patterns, which represents the cumulative estimated amount of gift card breakage from the inception of the electronic gift card program in late 2002. Based upon historical redemption trends, the Company recognizes estimated gift card breakage as a component of net revenue in proportion to actual gift card redemptions, over the period that remaining gift card values are redeemed. In fiscal 2018, fiscal 2017 and fiscal 2016, the Company recognized $0.7 million, $0.8 million and $0.5 million of gift card breakage to revenue, respectively. Any future revisions to the estimated breakage rate may result in changes in the amount of breakage income recognized in future periods.

Loyalty Programs

The Company has customer loyalty programs in North America, Europe and Asia which cover all of its brands. Under certain of the programs, primarily in the U.S. and Canada, customers accumulate points based on purchase activity. Once a loyalty program member achieves a certain point level, the member earns awards that may only be redeemed for merchandise. Unredeemed points generally expire after six months without additional purchase activity and unredeemed awards generally expire after two months. The Company uses historical redemption rates to estimate the value of future award redemptions which are accrued in current liabilities and recorded as a reduction of net revenue in the period which the related revenue is recognized. The aggregate dollar value of the loyalty program accruals included in accrued expenses was $3.8 million and $4.0 million as of February 3, 2018 and January 28, 2017, respectively. Future revisions to the estimated liability may result in changes to net revenue.

Classification of Certain Costs and Expenses

The Company includes inbound freight charges, purchasing costs and related overhead, retail store occupancy costs, including rent and depreciation, and a portion of the Company’s distribution costs related to its direct-to-consumer business in cost of product sales. Distribution costs related primarily to the wholesale business are included in selling, general and administrative (“SG&A”) expenses and amounted to $34.2 million, $22.6 million and $23.2 million for fiscal 2018, fiscal 2017 and fiscal 2016, respectively. The Company also includes store selling, selling and merchandising, advertising, design and other corporate overhead costs as a component of SG&A expenses.

The Company classifies amounts billed to customers for shipping fees as revenues and classifies costs related to shipping as cost of product sales in the accompanying consolidated statements of income (loss).

Advertising and Marketing Costs

The Company expenses the cost of advertising as incurred. Advertising and marketing expenses charged to operations for fiscal 2018, fiscal 2017 and fiscal 2016 were $36.3 million, $37.1 million and $31.6 million, respectively.

Share-Based Compensation

The Company recognizes compensation expense for all share-based awards granted based on the grant date fair value. The fair value of each stock option is estimated on the grant date using the Black-Scholes option-pricing model and involves several assumptions, including the risk-free interest rate, expected volatility, dividend yield and expected life. The risk-free interest rate is based on the U.S. Treasury yield curve in effect for the expected term of the option at the time of grant. The expected stock price volatility is determined based on an average of both historical volatility and implied volatility. Implied volatility is derived from exchange traded options on the Company’s common stock. The expected dividend yield is based on the Company’s history and expectations of dividend payouts. The expected life is determined based on historical trends. Compensation expense for nonvested stock options and stock awards/units that are not subject to performance-based vesting conditions is recognized on a straight-line basis over the vesting period. During fiscal 2018, the Company adopted authoritative guidance which eliminates the requirement to estimate forfeitures, but rather provides for an election that would allow entities to account for forfeitures as they occur.

In addition, the Company has granted certain nonvested units that require certain minimum performance targets to be achieved in order for these awards to vest. Vesting is also subject to continued service requirements through the vesting date. Compensation expense for performance-based awards that vest in increments is recognized based on an accelerated attribution method. If the minimum performance targets are not forecasted to be achieved, no expense is recognized during the period.

The Company has also granted certain nonvested stock units which are subject to market-based performance targets in order for these units to vest. Vesting is also subject to continued service requirements through the vesting date. The grant date fair value for such nonvested stock units was estimated using a Monte Carlo simulation that incorporates option-pricing inputs covering the period from the grant date through the end of the performance period. Compensation expense for such nonvested stock units is recognized on a straight-line basis over the vesting period, regardless of whether the market condition is satisfied.

During fiscal 2016, the Company granted certain restricted stock units which vested immediately but were considered contingently returnable as a result of certain service conditions. Compensation expense for these restricted stock units was recognized on a straight-line basis over the implied service period.

Foreign Currency

Foreign Currency Translation Adjustment

The local selling currency is typically the functional currency for all of the Company’s significant international operations. In accordance with authoritative guidance, assets and liabilities of the Company’s foreign operations are translated from foreign currencies into U.S. dollars at period-end rates, while income and expenses are translated at the weighted average exchange rates for the period. The related translation adjustments are reflected as a foreign currency translation adjustment in accumulated other comprehensive income (loss) within stockholders’ equity. In addition, the Company records foreign currency translation adjustments related to its noncontrolling interests within stockholders’ equity. Periodically, the Company may also use foreign exchange currency contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries (see below). Changes in the fair values of these foreign exchange currency contracts, designated as net investment hedges, are recorded in foreign currency translation adjustment as a component of accumulated other comprehensive income (loss) within stockholders’ equity. The total foreign currency translation adjustment increased stockholders’ equity by $93.4 million, from an accumulated foreign currency translation loss of $164.7 million as of January 28, 2017 to an accumulated foreign currency translation loss of $71.3 million as of February 3, 2018.

Foreign Currency Transaction Gains and Losses

Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency, including gains and losses on foreign exchange currency contracts (see below), are included in the consolidated statements of income (loss). Net foreign currency transaction gains (losses) included in the determination of net earnings (loss) were $(5.9) million, $3.6 million and $10.0 million for fiscal 2018, fiscal 2017 and fiscal 2016, respectively.

Derivatives

Foreign Exchange Currency Contracts

The Company operates in foreign countries, which exposes it to market risk associated with foreign currency exchange rate fluctuations. Various transactions that occur primarily in Europe, Canada, South Korea, China and Mexico are denominated in U.S. dollars, British pounds and Russian roubles and thus are exposed to earnings risk as a result of exchange rate fluctuations when converted to their functional currencies. These types of transactions include U.S. dollar denominated purchases of merchandise and U.S. dollar and British pound denominated intercompany liabilities. In addition, certain operating expenses, tax liabilities and pension-related liabilities are denominated in Swiss francs and are exposed to earnings risk as a result of exchange rate fluctuations when converted to the functional currency. The Company has entered into certain forward contracts to hedge the risk of a portion of these anticipated foreign currency transactions against foreign currency rate fluctuations. The Company has elected to apply the hedge accounting rules in accordance with authoritative guidance for certain of these hedges. The Company does not hedge all transactions denominated in foreign currency. The Company may also hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries.

Changes in the fair value of the U.S. dollar/euro and U.S. dollar/Canadian dollar forward contracts for anticipated U.S. dollar merchandise purchases designated as cash flow hedges are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are recognized in cost of product sales in the period which approximates the time the hedged merchandise inventory is sold. Changes in the fair value of U.S. dollar/euro forward contracts for U.S. dollar intercompany royalties designated as cash flow hedges are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are recognized in other income and expense in the period in which the royalty expense is incurred. Changes in the fair value of any U.S. dollar/euro forward contracts designated as net investment hedges are recorded in foreign currency translation adjustment as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are not recognized in earnings (loss) until the sale or liquidation of the hedged net investment.

The Company also has forward contracts that are not designated as hedging instruments for accounting purposes. Changes in fair value of forward contracts not designated as hedging instruments are reported in net earnings (loss) as part of other income and expense.

Interest Rate Swap Agreements

The Company is exposed to interest rate risk on its floating-rate debt. The Company has entered into interest rate swap agreements to effectively convert its floating-rate debt to a fixed-rate basis. The principal objective of these contracts is to eliminate or reduce the variability of the cash flows in interest payments associated with the Company’s floating-rate debt, thus reducing the impact of interest rate changes on future interest payment cash flows. The Company has elected to apply the hedge accounting rules in accordance with authoritative guidance for certain of these contracts. Changes in the fair value of interest rate swap agreements designated as cash flow hedges are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are amortized to interest expense over the term of the related debt. Periodically, the Company may also enter into interest rate swap agreements that are not designated as hedging instruments for accounting purposes. Changes in the fair value of interest rate swap agreements not designated as hedging instruments are reported in net earnings (loss) as part of other income and expense.

Income Taxes

The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to be applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recorded when management believes it is more likely than not that the results of operations will not generate sufficient taxable earnings to realize certain net deferred tax assets.

The Company accounts for uncertainty in income taxes in accordance with authoritative guidance, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company also follows authoritative guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

Earnings (Loss) Per Share

Basic earnings (loss) per share represents net earnings (loss) attributable to common stockholders divided by the weighted average number of common shares outstanding during the period. The Company considers any restricted stock units with forfeitable dividend rights that are issued and outstanding, but considered contingently returnable if certain service conditions are not met, as common equivalent shares outstanding. These restricted stock units are excluded from the weighted average number of common shares outstanding and basic earnings (loss) per share calculation until the respective service conditions have been met. Diluted earnings per share represents net earnings attributable to common stockholders divided by the weighted average number of common shares outstanding, inclusive of the dilutive impact of common equivalent shares outstanding during the period. The potentially dilutive impact of common equivalent shares outstanding are not included in the computation of diluted net loss per share as the impact of the shares would be antidilutive due to the net loss incurred for the period. Nonvested restricted stock awards (referred to as participating securities) are excluded from the dilutive impact of common equivalent shares outstanding in accordance with authoritative guidance under the two-class method since the nonvested restricted stockholders are entitled to participate in dividends declared on common stock as if the shares were fully vested and hence are deemed to be participating securities. Under the two-class method, distributed and undistributed earnings attributable to nonvested restricted stockholders are excluded from net earnings (loss) attributable to common stockholders for purposes of calculating basic and diluted earnings (loss) per common share. However, net losses are not allocated to nonvested restricted stockholders because they are not contractually obligated to share in the losses of the Company.

In addition, the Company has granted certain nonvested stock units that are subject to certain performance-based or market-based vesting conditions as well as continued service requirements through the respective vesting periods. These nonvested stock units are included in the computation of diluted net earnings per common share attributable to common stockholders only to the extent that the underlying performance-based or market-based vesting conditions are satisfied as of the end of the reporting period, or would be considered satisfied if the end of the reporting period were the end of the related contingency period, and the results would be dilutive under the treasury stock method.

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net earnings (loss), foreign currency translation adjustments, the effective portion of the change in the fair value of cash flow hedges, unrealized and realized gains or losses and other-than-temporary-impairment on available-for-sale securities and defined benefit plan impact from actuarial valuation gains or losses and related amortization, plan amendment, prior service credit or cost amortization and curtailment. Comprehensive income (loss) is presented in the consolidated statements of comprehensive income.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less.

Investment Securities

The Company accounts for its investment securities in accordance with authoritative guidance which requires investments to be classified into one of three categories based on management’s intent: held-to-maturity securities, available-for-sale securities and trading securities. Held-to-maturity securities are recorded at their amortized cost. Available-for-sale securities are recorded at fair value with unrealized gains and losses reported as a separate component of stockholders’ equity. Trading securities are recorded at market value with unrealized gains and losses reported in net earnings. The appropriate classification of investment securities is determined at the time of purchase and reevaluated at each balance sheet date. The Company has historically accounted for its investment securities, if any, as available-for-sale.

The Company periodically evaluates investment securities for other-than-temporary-impairment using both qualitative and quantitative criteria such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer and the Company’s ability and intent to hold the investment for a period of time which may be sufficient for anticipated recovery in market value. Other-than-temporary-impairment is recognized in net earnings (loss) as part of other income and expense in the period which the unrealized losses are deemed other than temporary. During fiscal 2017, the Company determined that its available-for-sale securities were fully impaired and recognized minimal other-than-temporary-impairment in other expense.

Concentration of Credit and Liquidity Risk

Cash used primarily for working capital purposes is maintained with various major financial institutions. The Company performs evaluations of the relative credit standing of these financial institutions in order to limit the amount of asset and liquidity exposure with any institution. Excess cash and cash equivalents, which represent the majority of the Company’s outstanding cash and cash equivalents balance, are held primarily in overnight deposit and short-term time deposit accounts.

The Company is also exposed to concentrations of credit risk through its accounts receivable balances. The Company extends credit to corporate customers based upon an evaluation of the customer’s financial condition and credit history and generally requires no collateral but does obtain credit insurance when considered appropriate. As of February 3, 2018, approximately 59% of the Company’s total net trade accounts receivable and 72% of its European net trade receivables were subject to credit insurance coverage, certain bank guarantees or letters of credit for collection purposes. The Company’s credit insurance coverage contains certain terms and conditions specifying deductibles and annual claim limits. The Company maintains allowances for doubtful accounts for estimated losses that result from the inability of its wholesale customers to make their required payments. The Company bases its allowances on analysis of the aging of accounts receivable at the date of the financial statements, assessments of historical collection trends, an evaluation of the impact of current economic conditions and whether the Company has obtained credit insurance or other guarantees. The Company’s corporate customers are principally located throughout Europe, Asia and the Americas. Management performs regular evaluations concerning the ability of its customers to satisfy their obligations and records a provision for doubtful accounts based on these evaluations. The Company’s credit losses for the periods presented were immaterial and did not significantly exceed management’s estimates. The Company’s two largest wholesale customers accounted for a total of approximately 2.2%, 2.7% and 3.4% of the Company’s consolidated net revenue in fiscal 2018, fiscal 2017 and fiscal 2016, respectively.

Inventories

Inventories are valued at the lower of cost (primarily weighted average method) or net realizable value. The Company continually evaluates its inventories by assessing slow moving product as well as prior seasons’ inventory. Net realizable value of aged inventory is estimated based on historical sales trends for each product line category, the impact of market trends, an evaluation of economic conditions, available liquidation channels and the value of current orders relating to the future sales of this type of inventory.

Depreciation and Amortization

Depreciation and amortization of property and equipment and purchased intangibles are provided using the straight-line method over the following useful lives:



Building and building improvements	10 to 39 years
Land improvements	5 years
Furniture, fixtures and equipment	2 to 10 years
Purchased intangibles	4 to 20 years

Leasehold improvements are amortized over the lesser of the estimated useful life of the asset or the term of the lease, including reasonably assured renewal periods. Construction in progress is not depreciated until the related asset is completed and placed in service.

Long-Lived Assets

Long-lived assets, such as property and equipment, and purchased intangibles subject to amortization, are reviewed for impairment quarterly or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The majority of the Company’s long-lived assets relate to its retail operations which consist primarily of regular retail and flagship locations. The Company considers each individual regular retail location as an asset group for impairment testing, which is the lowest level at which individual cash flows can be identified. The asset group includes leasehold improvements, furniture, fixtures and equipment, computer hardware and software and certain long-term security deposits and lease acquisition costs. The Company reviews regular retail locations in penetrated markets for impairment risk once the locations have been opened for at least one year in their current condition, or sooner as changes in circumstances require. The Company believes that waiting at least one year allows a location to reach a maturity level where a more comprehensive analysis of financial performance can be performed. The Company evaluates impairment risk for regular retail locations in new markets, where the Company is in the early stages of establishing its presence, once brand awareness has been established. The Company also evaluates impairment risk for retail locations that are expected to be closed in the foreseeable future. The Company has flagship locations which are used as a regional marketing tool to build brand awareness and promote the Company’s current product. Impairment for these locations is tested at a reporting unit level similar to goodwill (see below) since they do not have separately identifiable cash flows.

An asset is considered to be impaired if the Company determines that the carrying value may not be recoverable based upon its assessment of the asset’s ability to continue to generate earnings from operations and positive cash flow in future periods or if significant changes in the Company’s strategic business objectives and utilization of the assets occurred. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the estimated fair value, which is determined based on discounted future cash flows. The impairment loss calculations require management to apply judgment in estimating future cash flows and the discount rates that reflect the risk inherent in future cash flows. Future expected cash flows for assets in regular retail locations are based on management’s estimates of future cash flows over the remaining lease period or expected life, if shorter. For expected location closures, the Company will evaluate whether it is necessary to shorten the useful life for any of the assets within the respective asset group. The Company will use this revised useful life when estimating the asset group’s future cash flows. The Company considers historical trends, expected future business trends and other factors when estimating the future cash flow for each regular retail location. The Company also considers factors such as: the local environment for each regular retail location, including mall traffic and competition; the Company’s ability to successfully implement strategic initiatives; and the ability to control variable costs such as cost of sales and payroll and, in some cases, renegotiate lease costs. The estimated cash flows used for this nonrecurring fair value measurement are considered a Level 3 input as defined in Note 20. If actual results are not consistent with the assumptions and judgments used in estimating future cash flows and asset fair values, there may be additional exposure to future impairment losses that could be material to the Company’s results of operations.

See Note 5 for further details on asset impairment charges.

Goodwill

Goodwill is tested annually for impairment or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. This determination is made at the reporting unit level which may be either an operating segment or one level below an operating segment if discrete financial information is available. Two or more reporting units within an operating segment may be aggregated for impairment testing if they have similar economic characteristics. The Company has identified its Americas Retail segment, its Americas Wholesale segment, its European wholesale and European retail components of its Europe segment and its China retail component of its Asia segment as reporting units for goodwill impairment testing. In accordance with authoritative guidance, the Company may first assess qualitative factors relevant in determining whether it is more likely than not that the fair value of its reporting units are less than their carrying amounts. Based on this analysis, the Company may determine whether it is necessary to perform a quantitative impairment test. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the amount of any impairment loss to be recognized for that reporting unit is determined using two steps. First, the Company determines the fair value of the reporting unit using a discounted cash flow analysis, which requires unobservable inputs (Level 3) within the fair value hierarchy as defined in Note 20. These inputs include selection of an appropriate discount rate and the amount and timing of expected future cash flows. Second, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill and other intangibles over the implied fair value. The implied fair value is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation, in accordance with authoritative guidance.

Other Assets

Other assets mainly relate to the Company’s investments in insurance policies held in rabbi trusts to fund expected obligations arising under its non-qualified supplemental executive retirement and deferred compensation plans. Refer to Notes 12 and 15 for further information regarding these investments.

In addition, other assets also relate to security, key money and other deposits to secure prime retail store locations and receivables related to refundable value-added tax payments mainly from European taxing authorities.

During fiscal 2017, the Company sold its minority interest equity holding in a privately-held boutique apparel company for net proceeds of approximately $34.8 million, which resulted in a gain of approximately $22.3 million which was recorded in other income.

Defined Benefit Plans

In accordance with authoritative guidance for defined benefit pension and other postretirement plans, an asset for a plan’s overfunded status or a liability for a plan’s underfunded status is recognized in the consolidated balance sheets; plan assets and obligations that determine the plan’s funded status are measured as of the end of the Company’s fiscal year; and changes in the funded status of defined benefit postretirement plans are recognized in the year in which they occur. Such changes are reported in other comprehensive income (loss) as a separate component of stockholders’ equity.

The Company’s pension obligations and related costs are calculated using actuarial concepts, within the authoritative guidance framework, and are considered Level 3 inputs as defined in Note 20. The Company uses the corridor approach to amortize unrecognized actuarial gains or losses over the average remaining service life of active participants. The life expectancy, estimated retirement age, discount rate, estimated future compensation and expected return on plan assets are important elements of expense and/or liability measurement. These critical assumptions are evaluated annually which enables expected future payments for benefits to be stated at present value on the measurement date. If actual results are not consistent with actuarial assumptions, the amounts recognized for the defined benefit plans could change significantly.

Deferred Rent and Lease Incentives

When a lease includes lease incentives (such as a rent holiday) or requires fixed escalations of the minimum lease payments or advances, rental expense is recognized on a straight-line basis over the term of the lease. The difference between the average rental amount charged to expense and the lease payments or advances under the lease is included either in deferred rent and lease incentives or other assets in the accompanying consolidated balance sheets depending on whether the difference is in a liability or asset position at the end of the period. For construction allowances, the Company records a deferred lease credit on the consolidated balance sheets and amortizes the deferred lease credit as a reduction of rent expense in the consolidated statements of income (loss) over the term of the leases.

Net Gains (Losses) on Lease Terminations

During fiscal 2018, the Company recorded net losses on lease terminations related primarily to the modification of certain lease agreements held with a common landlord in North America. In connection with this modification, the Company made up-front payments of approximately $22 million, of which $12 million was recognized as net losses on lease terminations and $10 million was recorded as advance rent payments. During fiscal 2018, the Company also recorded net gains on lease terminations of approximately $1 million related primarily to the early termination of certain lease agreements in Europe.

During fiscal 2017 and fiscal 2016, the Company recorded net gains on lease terminations of $0.7 million and $2.3 million, respectively, related primarily to the early termination of certain lease agreements in Europe.

Litigation Reserves

Estimated amounts for claims that are probable and can be reasonably estimated are recorded as liabilities in the consolidated balance sheets. As additional information becomes available, the Company assesses the potential liability related to new claims and existing claims and revises estimates as appropriate. As new claims arise or existing claims evolve, such revisions in estimates of the potential liability could materially impact the results of operations and financial position.

New Accounting Guidance	12 Months Ended
New Accounting Guidance	Feb. 03, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Guidance	New Accounting Guidance Changes in Accounting Policies In July 2015, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance to simplify the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost or net realizable value test. The Company adopted this guidance effective January 29, 2017 on a prospective basis. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements or related disclosures. In March 2016, the FASB issued authoritative guidance to simplify the accounting for certain aspects of share-based compensation. This guidance addresses the accounting for income tax effects at award settlement, the use of an expected forfeiture rate to estimate award cancellations prior to the vesting date and the presentation of excess tax benefits and shares surrendered for tax withholdings on the statement of cash flows. The Company adopted this guidance effective January 29, 2017. This guidance requires all income tax effects of awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity. The Company adopted this provision prospectively and accordingly recorded tax shortfalls of approximately $1.3 million in its consolidated statement of income (loss) during fiscal 2018. This resulted in a negative impact on net loss attributable to Guess?, Inc. of approximately $1.3 million, or an unfavorable $0.02 per share impact during fiscal 2018. Under this guidance, excess tax benefits are also excluded from the assumed proceeds available to repurchase shares in the computation of diluted earnings (loss) per share. This was adopted prospectively and did not have an impact on the Company’s diluted loss per share for fiscal 2018. This guidance also eliminates the requirement to estimate forfeitures, but rather provides for an election that would allow entities to account for forfeitures as they occur. The Company adopted this election beginning in the first quarter of fiscal 2018 using the modified retrospective method and recorded a cumulative adjustment to reduce retained earnings by approximately $0.3 million. This guidance also changes the presentation of excess tax benefits from a financing activity to an operating activity in the statement of cash flows. This presentation was adopted on a retrospective basis and, as a result, net cash used in operating activities improved by $0.3 million and $0.2 million with a corresponding offset to net cash used in financing activities during fiscal 2017 and fiscal 2016, respectively. In August 2016, the FASB issued authoritative guidance related to the classification of certain cash receipts and cash payments in the statement of cash flows. The Company adopted this guidance effective January 29, 2017 on a retrospective basis. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements or related disclosures. In October 2016, the FASB issued authoritative guidance that requires an entity to include indirect interests held through related parties that are under common control on a proportionate basis when evaluating if a reporting entity is the primary beneficiary of a variable interest entity. The Company adopted this guidance effective January 29, 2017. The adoption of this guidance did not have an impact on the Company’s consolidated financial statements or related disclosures. In November 2016, the FASB issued authoritative guidance related to the presentation of restricted cash in the statement of cash flows. This guidance requires that the statement of cash flows reconcile the change during the period in total cash, cash equivalents and restricted cash. The Company’s restricted cash is generally held as collateral for certain transactions. The Company adopted this guidance effective January 29, 2017 on a retrospective basis. As a result, the Company updated its consolidated statements of cash flows for fiscal 2018, fiscal 2017 and fiscal 2016 to include restricted cash with cash and cash equivalents when reconciling the beginning and end of period balances and to eliminate changes in restricted cash that have historically been included within operating and investing activities. In January 2017, the FASB issued authoritative guidance which clarifies the definition of a business to assist entities when evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The Company early adopted this guidance effective January 29, 2017 on a prospective basis. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements or related disclosures. In February 2018, the FASB issued authoritative guidance to address certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the 2017 Tax Cuts and Jobs Act (the “Tax Reform”) enacted in December 2017. This guidance provides the Company with an option to reclassify stranded tax effected within accumulated other comprehensive income (loss) to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate due to the Tax Reform is recorded. The Company early adopted this guidance during the fourth quarter of fiscal 2018 and recorded a cumulative adjustment to increase retained earnings by approximately $1.2 million. Recently Issued Accounting Guidance In May 2014, the FASB issued a comprehensive new revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard is intended to clarify the principles of recognizing revenue and create common revenue recognition guidance between GAAP and International Financial Reporting Standards. The standard also requires expanded disclosures surrounding revenue recognition. During fiscal 2017, the FASB issued additional clarification guidance on the new revenue recognition standard which also included certain scope improvements and practical expedients. The standard (including clarification guidance issued) is effective for fiscal periods beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and allows for either full retrospective or modified retrospective adoption, with early adoption permitted. The Company has adopted this guidance using the modified retrospective method beginning in the first quarter of fiscal 2019. The Company’s assessment efforts have included reviewing current revenue processes, arrangements and accounting policies to identify potential differences that could arise from the application of this standard on its consolidated financial statements and related disclosures. While the Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements, the Company expects there to be differences related primarily to the classification and timing of when revenue and certain expenses are recognized from its licensing business. These differences relate primarily to changes in the presentation of advertising contributions received from the Company’s licensees and related advertising expenditures incurred by the Company. The Company currently records advertising contributions received from its licensees and the related advertising expenditures incurred by the Company on a net basis in its consolidated balance sheet. To the extent that the advertising contributions exceed the Company’s advertising expenditures for its licensees, the excess contribution is treated as a deferred liability and is included in accrued expenses in the Company’s consolidated balance sheet. Under the new standard, advertising contributions and related advertising expenditures related to the Company’s licensing business will be recorded on a gross basis which will increase net revenue as well as SG&A expenses. The Company also expects revenue related to its e-commerce operations to be recognized when merchandise is transferred to a common carrier rather than upon receipt by the customer, as well as adjustments to the accounting for the Company’s loyalty programs due to a slight change in the valuation of the amount that is deferred related to points earned. Additionally, allowances for wholesale sales returns and wholesale markdowns will be presented as accrued expenses rather than as reductions to accounts receivable and the estimated cost of inventory associated with the allowance for sales returns will be presented within other current assets in the Company’s consolidated balance sheet. In January 2016, the FASB issued authoritative guidance which requires equity investments not accounted for under the equity method of accounting or consolidation accounting to be measured at fair value, with subsequent changes in fair value recognized in net income. In February 2018, the FASB issued additional clarification guidance which made targeted improvements to address certain aspects of recognition, measurement, presentation and disclosure requirements for financial instruments. The original guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The clarification guidance is effective for fiscal years beginning after December 15, 2017 and interim periods beginning after June 15, 2015, which will be the Company’s third quarter of fiscal 2019. The clarification guidance may be early adopted, provided that the original guidance issued has been adopted. The adoption of this guidance (including the clarification guidance) is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures unless the Company acquires new equity investments. In February 2016, the FASB issued a comprehensive new lease standard which will supersede previous lease guidance. The standard requires a lessee to recognize assets and liabilities related to long-term leases that were classified as operating leases under previous guidance in its balance sheet. An asset would be recognized related to the right to use the underlying asset and a liability would be recognized related to the obligation to make lease payments over the term of the lease. The standard also requires expanded disclosures surrounding leases. The standard is effective for fiscal periods beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020, and requires modified retrospective adoption, with early adoption permitted. The Company expects that this adoption will result in material increases in assets and liabilities in its consolidated balance sheet as well as enhanced disclosures. The Company is in the process of implementing controls and system changes to enable the preparation of the required financial information for this standard. In June 2016, the FASB issued authoritative guidance related to the measurement of credit losses on financial instruments. This guidance is effective for fiscal years beginning after December 15, 2019, which will be the Company’s first quarter of fiscal 2021. Early adoption is permitted for fiscal periods beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures. In October 2016, the FASB issued authoritative guidance which amends the accounting for income taxes on intra-entity transfers of assets other than inventory. This guidance requires that entities recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. The income tax consequences on intra-entity transfers of inventory will continue to be deferred until the inventory has been sold to a third party. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. Early adoption is permitted at the beginning of a fiscal year. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In January 2017, the FASB issued authoritative guidance to simplify the testing for goodwill impairment by removing step two from the goodwill testing. Under current guidance, if the fair value of a reporting unit is lower than its carrying amount (step one), an entity would calculate an impairment charge by comparing the implied fair value of goodwill with its carrying amount (step two). The implied fair value of goodwill was calculated by deducting the fair value of the assets and liabilities of the respective reporting unit from the reporting unit’s fair value as determined under step one. This guidance instead provides that an impairment charge should be recognized based on the difference between a reporting unit’s fair value and its carrying value. This guidance also does not require a qualitative test to be performed on reporting units with zero or negative carrying amounts. However, entities need to disclose any reporting units with zero or negative carrying amounts that have goodwill and the amount of goodwill allocated to each. This guidance is effective for fiscal years beginning after December 15, 2019, which will be the Company’s first quarter of fiscal 2021, with early adoption permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In March 2017, the FASB issued authoritative guidance related to the presentation of net periodic pension cost in the income statement. This guidance requires that the service cost component of net periodic pension cost is presented in the same line as other compensation costs arising from services rendered by the employees during the period. The other non-service components of net periodic pension cost are required to be presented in the income statement separately from the service cost component and outside of earnings from operations. This guidance also allows for the service cost component to be eligible for capitalization when applicable. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and requires retrospective adoption for the presentation of the service cost component and other non-service components of net periodic pension cost in the income statement and prospective adoption for capitalization of the service cost component. Other than the change in presentation of other non-service components of net periodic pension cost within the Company’s consolidated statements of income, the adoption of this guidance is not expected to have an impact on the Company’s consolidated financial statements and related disclosures. In May 2017, the FASB issued authoritative guidance that provides clarification on accounting for modifications in share-based payment awards. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, with early adoption permitted. The adoption of this guidance is not expected to have an impact on the Company’s consolidated financial statements or related disclosures unless there are modifications to the Company’s share-based payment awards. In August 2017, the FASB issued authoritative guidance to better align the results of hedge accounting with an entity’s risk management activities. This guidance updates the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This guidance is effective for fiscal years beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with early adoption permitted. The updated presentation and disclosure guidance is required only on a prospective basis. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures.

Accounts Receivable

12 Months Ended

Feb. 03, 2018

Receivables [Abstract]

Accounts Receivable

Accounts receivable is summarized as follows (in thousands):



	Feb 3, 2018		Jan 28, 2017
Trade	$	290,478	$	234,690
Royalty	5,504		19,881
Other	13,233		5,888
	309,215		260,459
Less allowances	49,219		34,922
	$	259,996	$	225,537

Accounts receivable consists of trade receivables relating primarily to the Company’s wholesale business in Europe and, to a lesser extent, to its wholesale businesses in Asia and the Americas, royalty receivables relating to its licensing operations, credit card and retail concession receivables related to its retail businesses and certain other receivables. Other receivables generally relate to amounts due to the Company that result from activities that are not related to the direct sale of the Company’s products or collection of royalties. The accounts receivable allowance includes allowances for doubtful accounts, wholesale sales returns and wholesale markdowns. Retail sales returns allowances are included in accrued expenses.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Property and Equipment

12 Months Ended

Feb. 03, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment is summarized as follows (in thousands):



	Feb 3, 2018		Jan 28, 2017
Land and land improvements	$	2,750	$	2,750
Building and building improvements	51,285		47,673
Leasehold improvements	380,234		367,294
Furniture, fixtures and equipment	389,393		353,843
Construction in progress	16,555		13,163
Assets under capital leases	19,560		—
	859,777		784,723
Less accumulated depreciation and amortization	565,523		541,718
	$	294,254	$	243,005

During fiscal 2016, the Company purchased, for approximately $28.8 million, the facility that houses its U.S. distribution center.

During fiscal 2018, the Company began the relocation of its European distribution center to the Netherlands and entered into a capital lease for equipment used in the new facility. During fiscal 2018, the Company also entered into a capital lease related primarily to computer hardware and software. The accumulated depreciation and amortization related to assets under capital leases was approximately $0.9 million as of February 3, 2018 and was included in depreciation expense when recognized. See Note 8 for more information regarding the related capital lease obligations.

Construction in progress represents the costs associated with the construction in progress of leasehold improvements to be used in the Company’s operations, primarily for new and remodeled stores in retail operations.

Impairment

The Company recorded asset impairment charges of $8.5 million, $34.4 million and $2.3 million for fiscal 2018, fiscal 2017 and fiscal 2016, respectively. The asset impairment charges related primarily to the impairment of certain retail locations in North America resulting from under-performance and expected store closures during each of the respective periods.

Impairments to long-lived assets are summarized as follows (in thousands):



	Feb 3, 2018		Jan 28, 2017
Aggregate carrying value of long-lived assets impaired	$	8,728	$	36,103
Less asset impairment charges	8,479		34,385
Aggregate remaining fair value of long-lived assets impaired	$	249	$	1,718

The Company’s impairment evaluations included testing of 233 retail locations and 255 retail locations during fiscal 2018 and fiscal 2017, respectively, which were deemed to have impairment indicators. The Company concluded that 99 retail locations and 148 retail locations, respectively, were determined to be impaired, as the carrying amounts of the assets exceeded their estimated fair values (determined based on discounted cash flows) at each of the respective dates. Refer to Note 1 for a description of other assumptions that management considers in estimating the future discounted cash flows. If actual results are not consistent with the assumptions and judgments used in estimating future cash flows and asset fair values, there may be additional exposure to future impairment losses that could be material to the Company’s results of operations.

Goodwill and Intangible Assets

12 Months Ended

Feb. 03, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill activity is summarized by business segment as follows (in thousands):



	Americas Retail		Americas Wholesale		Europe			Asia		Total
Goodwill balance at January 30, 2016	$	1,693	$	9,960	$	21,759		$	—	$	33,412
Adjustments:
Acquisition	—		—		—			933		933
Translation adjustments	36		6		(287		)	—		(245		)
Goodwill balance at January 28, 2017	1,729		9,966		21,472			933		34,100
Adjustments:
Acquisition	—		—		—			566		566
Translation adjustments	36		6		3,653			120		3,815
Goodwill balance at February 3, 2018	$	1,765	$	9,972	$	25,125		$	1,619	$	38,481

The Company has no accumulated impairment related to goodwill.

From time-to-time, the Company may acquire certain retail locations from its wholesale partners which may result in the recognition of goodwill or other intangible assets. During fiscal 2018, the Company recognized goodwill of approximately $0.6 million related to the acquisition of 14 retail locations from three of its Asian wholesale partners. During fiscal 2017, the Company recognized goodwill of approximately $0.9 million related to the acquisition of 12 retail locations from five of its Asian wholesale partners.

Other intangible assets as of February 3, 2018 consisted primarily of lease and license acquisition costs related to European acquisitions. Gross intangible assets were $33.6 million and $29.7 million as of February 3, 2018 and January 28, 2017, respectively. The accumulated amortization of intangible assets with finite useful lives was $27.6 million and $23.2 million for the years ended February 3, 2018 and January 28, 2017, respectively. For these assets, amortization expense over the next five years is expected to be approximately $1.2 million in fiscal 2019, $1.0 million in fiscal 2020, $0.9 million in fiscal 2021, $0.8 million in fiscal 2022 and $0.7 million in fiscal 2023.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Borrowings and Capital Lease Obligations

12 Months Ended

Feb. 03, 2018

Debt Disclosure [Abstract]

Borrowings and Capital Lease Obligations

Borrowings and capital lease obligations are summarized as follows (in thousands):



	Feb 3, 2018		Jan 28, 2017
Mortgage debt, maturing monthly through January 2026	$	20,323	$	20,889
Capital lease obligations	18,589		—
Other	3,129		3,159
	42,041		24,048
Less current installments	2,845		566
Long-term debt and capital lease obligations	$	39,196	$	23,482

Mortgage Debt

On February 16, 2016, the Company entered into a ten-year $21.5 million real estate secured loan (the “Mortgage Debt”). The Mortgage Debt is secured by the Company’s U.S. distribution center based in Louisville, Kentucky and provides for monthly principal and interest payments based on a 25-year amortization schedule, with the remaining principal balance and any accrued and unpaid interest due at maturity. Outstanding principal balances under the Mortgage Debt bear interest at the one-month LIBOR rate plus 1.5%. As of February 3, 2018, outstanding borrowings under the Mortgage Debt, net of debt issuance costs of $0.1 million, were $20.3 million. At January 28, 2017, outstanding borrowings under the Mortgage Debt, net of debt issuance costs of $0.1 million, were $20.9 million.

The Mortgage Debt requires the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis if consolidated cash, cash equivalents and short term investment balances fall below certain levels. In addition, the Mortgage Debt contains customary covenants, including covenants that limit or restrict the Company’s ability to incur liens on the mortgaged property and enter into certain contractual obligations. Upon the occurrence of an event of default under the Mortgage Debt, the lender may terminate the Mortgage Debt and declare all amounts outstanding to be immediately due and payable. The Mortgage Debt specifies a number of events of default (some of which are subject to applicable grace or cure periods), including, among other things, non-payment defaults, covenant defaults, cross-defaults to other material indebtedness, bankruptcy and insolvency defaults and material judgment defaults.

On February 16, 2016, the Company also entered into a separate interest rate swap agreement, designated as a cash flow hedge, that resulted in a swap fixed rate of approximately 3.06%. This interest rate swap agreement matures in January 2026 and converts the nature of the Mortgage Debt from LIBOR floating-rate debt to fixed-rate debt. The fair value of the interest rate swap asset was approximately $1.5 million and $0.9 million as of February 3, 2018 and January 28, 2017, respectively.

Capital Lease Obligations

During fiscal 2018, the Company began the relocation of its European distribution center to the Netherlands. As a result, the Company entered into a capital lease of $17.0 million for equipment used in the new facility. The capital lease primarily provides for monthly minimum lease payments through May 2027 with an effective interest rate of approximately 6%. As of February 3, 2018, the capital lease obligation was $17.3 million.

During fiscal 2018, the Company also entered into a capital lease for $1.5 million related primarily to computer hardware and software. As of February 3, 2018, this capital lease obligation was $1.3 million.

The Company previously leased a building in Florence, Italy under a capital lease which provided for minimum lease payments through May 1, 2016. Upon termination of the capital lease, the title of the building was transferred to the Company. The Company had a separate interest rate swap agreement designated as a non-hedging instrument that converted the nature of the capital lease obligation from Euribor floating-rate debt to fixed-rate debt and resulted in a swap fixed rate of 3.55%. This interest rate swap agreement matured on February 1, 2016.

Credit Facilities

On June 23, 2015, the Company entered into a five-year senior secured asset-based revolving credit facility with Bank of America, N.A. and the other lenders party thereto (the “Credit Facility”). The Credit Facility provides for a borrowing capacity in an amount up to $150 million, including a Canadian sub-facility up to $50 million, subject to a borrowing base. Based on applicable accounts receivable, inventory, eligible cash balances and relevant covenant restrictions as of February 3, 2018, the Company could have borrowed up to $87 million under the Credit Facility. The Credit Facility has an option to expand the borrowing capacity by up to $150 million subject to certain terms and conditions, including the willingness of existing or new lenders to assume such increased amount. The Credit Facility is available for direct borrowings and the issuance of letters of credit, subject to certain letters of credit sublimits, and may be used for working capital and other general corporate purposes.

All obligations under the Credit Facility are unconditionally guaranteed by the Company and the Company’s existing and future domestic and Canadian subsidiaries, subject to certain exceptions, and are secured by a first priority lien on substantially all of the assets of the Company and such domestic and Canadian subsidiaries, as applicable.

Direct borrowings under the Credit Facility made by the Company and its domestic subsidiaries shall bear interest at the U.S. base rate plus an applicable margin (varying from 0.25% to 0.75%) or at LIBOR plus an applicable margin (varying from 1.25% to 1.75%). The U.S. base rate is based on the greater of (i) the U.S. prime rate, (ii) the federal funds rate, plus 0.5%, and (iii) LIBOR for a 30 day interest period, plus 1.0%. Direct borrowings under the Credit Facility made by the Company’s Canadian subsidiaries shall bear interest at the Canadian prime rate plus an applicable margin (varying from 0.25% to 0.75%) or at the Canadian BA rate plus an applicable margin (varying from 1.25% to 1.75%). The Canadian prime rate is based on the greater of (i) the Canadian prime rate, (ii) the Bank of Canada overnight rate, plus 0.5%, and (iii) the Canadian BA rate for a one month interest period, plus 1.0%. The applicable margins are calculated quarterly and vary based on the average daily availability of the aggregate borrowing base. The Company is also obligated to pay certain commitment, letter of credit and other fees customary for a credit facility of this size and type. As of February 3, 2018, the Company had $1.0 million in outstanding standby letters of credit, no outstanding documentary letters of credit and no outstanding borrowings under the Credit Facility.

The Credit Facility requires the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis if a default or an event of default occurs under the Credit Facility or generally if borrowings exceed 80% of the borrowing base. In addition, the Credit Facility contains customary covenants, including covenants that limit or restrict the Company and certain of its subsidiaries’ ability to: incur liens, incur indebtedness, make investments, dispose of assets, make certain restricted payments, merge or consolidate and enter into certain transactions with affiliates. Upon the occurrence of an event of default under the Credit Facility, the lenders may cease making loans, terminate the Credit Facility and declare all amounts outstanding to be immediately due and payable. The Credit Facility specifies a number of events of default (some of which are subject to applicable grace or cure periods), including, among other things, non-payment defaults, covenant defaults, cross-defaults to other material indebtedness, bankruptcy and insolvency defaults and material judgment defaults. The Credit Facility allows for both secured and unsecured borrowings outside of the Credit Facility up to specified amounts.

The Company, through its European subsidiaries, maintains short-term uncommitted borrowing agreements, primarily for working capital purposes, with various banks in Europe. The majority of the borrowings under these agreements are secured by specific accounts receivable balances. Based on the applicable accounts receivable balances as of February 3, 2018, the Company could have borrowed up to $87.5 million under these agreements. As of February 3, 2018, the Company had no outstanding borrowings or outstanding documentary letters of credit under these agreements. The agreements are denominated primarily in euros and provide for annual interest rates ranging from 0.5% to 4.6%. The maturities of any short-term borrowings under these arrangements are generally linked to the credit terms of the underlying accounts receivable that secure the borrowings. With the exception of one facility for up to $43.6 million that has a minimum net equity requirement, there are no other financial ratio covenants.

Other

From time-to-time, the Company will obtain other financing in foreign countries for working capital to finance its local operations.

Maturities of the Company’s debt and capital lease obligations as of February 3, 2018 are as follows (in thousands):



	Debt		Capital Lease		Total
Fiscal 2019	$	1,361	$	1,594	$	2,955
Fiscal 2020	1,893		1,767		3,660
Fiscal 2021	1,725		1,923		3,648
Fiscal 2022	659		1,944		2,603
Fiscal 2023	682		1,895		2,577
Thereafter	17,221		9,466		26,687
Total principal payments	23,541		18,589		42,130
Less unamortized debt issuance costs	89		—		89
Total debt and capital lease obligations	$	23,452	$	18,589	$	42,041

Restructuring Charges

12 Months Ended

Feb. 03, 2018

Restructuring and Related Activities [Abstract]

Restructuring Charges

During the first quarter of fiscal 2017, the Company implemented a global cost reduction and restructuring plan to better align its global cost and organizational structure with its current strategic initiatives. This plan included the consolidation and streamlining of the Company’s business processes and a reduction in its global workforce and other expenses. These actions resulted in restructuring charges related primarily to cash-based severance costs of $6.1 million during fiscal 2017. There were no restructuring charges incurred during fiscal 2018. The Company does not expect significant future cash-based severance charges to be incurred under this plan as the actions were completed during fiscal 2017. As of February 3, 2018, there were no amounts included in accrued expenses related to these restructuring activities as the Company completed payments for the remaining anticipated costs during fiscal 2018. At January 28, 2017, the Company had a balance of approximately $0.2 million in accrued expenses related to these restructuring activities.

The following table summarizes restructuring activities related primarily to severance during fiscal 2017 and fiscal 2018 (in thousands):



	Total
Balance at January 30, 2016	$	—
Charges to operations	6,083
Cash payments	(6,003		)
Foreign currency and other adjustments	100
Balance at January 28, 2017	$	180
Cash payments	(124		)
Foreign currency and other adjustments	(56		)
Balance at February 3, 2018	$	—

During fiscal 2017, the Company also incurred an estimated exit tax charge of approximately $1.9 million related to its reorganization in Europe as a result of the global cost reduction and restructuring plan. The exit tax charge has not been finalized with the local authorities and actual amounts could differ significantly from these estimates as negotiations are completed.

Comprehensive Income (Loss)

12 Months Ended

Feb. 03, 2018

Stockholders' Equity Note [Abstract]

Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss), net of related income taxes, for fiscal 2018, fiscal 2017 and fiscal 2016 are as follows (in thousands):



	Foreign Currency Translation Adjustment			Derivative Financial Instruments Designated as Cash Flow Hedges			Marketable Securities			Defined Benefit Plans			Total
Balance at January 31, 2015	$	(121,569	)	$	7,157		$	(3	)	$	(12,650	)	$	(127,065	)
Gains (losses) arising during the period	(36,083		)	7,944			(12		)	5,468			(22,683		)
Reclassification to net earnings for gains realized	—			(7,849		)	—			(457		)	(8,306		)
Net other comprehensive income (loss)	(36,083		)	95			(12		)	5,011			(30,989		)
Balance at January 30, 2016	$	(157,652	)	$	7,252		$	(15	)	$	(7,639	)	$	(158,054	)
Gains (losses) arising during the period	(575		)	1,059			(1		)	(1,162		)	(679		)
Reclassification to net earnings for (gains) losses realized	—			(2,911		)	16			239			(2,656		)
Net other comprehensive income (loss)	(575		)	(1,852		)	15			(923		)	(3,335		)
Balance at January 28, 2017	$	(158,227	)	$	5,400		$	—		$	(8,562	)	$	(161,389	)
Gains (losses) arising during the period	91,178			(20,408		)	—			(1,999		)	68,771
Reclassification to net loss for (gains) losses realized	—			414			—			352			766
Net other comprehensive income (loss)	91,178			(19,994		)	—			(1,647		)	69,537
Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance (1)	—			225			—			(1,435		)	(1,210		)
Balance at February 3, 2018	$	(67,049	)	$	(14,369	)	$	—		$	(11,644	)	$	(93,062	)

________________________________________________________________________

(1)

During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to increase retained earnings by $1.2 million with a corresponding reduction to accumulated other comprehensive income (loss) related to the Company’s Supplemental Executive Retirement Plan and its interest rate swap designated as a cash flow hedge based in the U.S.

Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss) during fiscal 2018, fiscal 2017 and fiscal 2016 are as follows (in thousands):



										Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings (Loss)
	Year Ended Feb 3, 2018			Year Ended Jan 28, 2017			Year Ended Jan 30, 2016
Derivative financial instruments designated as cash flow hedges:
Foreign exchange currency contracts	$	(14	)	$	(3,518	)	$	(8,314	)	Cost of product sales
Foreign exchange currency contracts	583			(301		)	(833		)	Other income/expense
Interest rate swap	87			216			—			Interest expense
Less income tax effect	(242		)	692			1,298			Income tax expense
	414			(2,911		)	(7,849		)
Marketable securities:
Available-for-sale securities	—			25			—			Other income/expense
Less income tax effect	—			(9		)	—			Income tax expense
	—			16			—
Defined benefit plans:
Net actuarial loss amortization	462			341			924			⁽¹⁾
Prior service credit amortization	(27		)	(28		)	(97		)	⁽¹⁾
Curtailment	—			—			(1,651		)	⁽¹⁾
Less income tax effect	(83		)	(74		)	367			Income tax expense
	352			239			(457		)
Total reclassifications to net earnings (loss) for (gains) losses realized during the period	$	766		$	(2,656	)	$	(8,306	)

________________________________________________________________________


(1)	These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 12 for further information.

Income Taxes

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Income Taxes

Changes in Tax Law

In December 2017, the 2017 Tax Cuts and Jobs Act in the U.S. (referred to herein as the “Tax Reform”), was enacted into law. The Tax Reform includes significant changes to the U.S. corporate income tax system, including a reduction in the U.S. federal corporate income tax rate from 35% to 21% and a one-time mandatory transition tax on accumulated foreign earnings.

The Tax Reform also establishes new tax laws that will be effective for calendar 2018, including but not limited to (i) a new provision designed to tax global intangible low-taxed income (“GILTI”), (ii) a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries, (iii) a limitation on deductible interest expense and (iv) limitations on the deductibility of certain executive compensation.

The Securities and Exchange Commission (“SEC”) issued authoritative guidance which addresses accounting for the impact of the Tax Reform. This guidance provides a measurement period, which should not extend beyond one year from the enactment date, during which the Company may finalize the accounting for the impacts of the Tax Reform, and allows for the Company to record provisional estimates of such amounts. As a result, during fiscal 2018, the Company recorded estimated additional income tax expense of $47.9 million. This is comprised of a provisional charge of $24.9 million for the re-measurement of U.S. deferred tax assets and a provisional charge of $23.0 million for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings. The income tax payable related to the transition tax is due over an eight year period beginning in calendar 2018. The amount that is payable in the next 12 months is approximately $1.9 million and has been included in accrued expenses in the Company’s consolidated balance sheet. The Company has provided for any additional tax liabilities on amounts that are estimated to be repatriated from foreign operations as a result of the Tax Reform. We have not provided for other income taxes on undistributed foreign earnings expected to be reinvested outside the U.S. If in the future we decide to repatriate such earnings, we would incur other incremental taxes. Our current plans do not indicate a need to repatriate them to fund our U.S. cash requirements.

Based on the Company’s current interpretation of the Tax Reform, reasonable estimates were made to record provisional adjustments during fiscal 2018. These estimates may change, and the Company will continue to refine such amounts within the measurement period allowed. These estimates may be impacted by a number of additional considerations, including, but not limited to, the state level income tax impacts of the Tax Reform, clarifications of or changes to the Tax Reform (including the issuance of final regulations and evolving technical interpretations), additional guidance issued by the SEC or FASB, and the Company’s ongoing analysis of historical earnings and profits as well as tax pools. The Company continues to analyze the provisions of the Tax Reform, including but not limited to, the creation of a new minimum tax called the base erosion anti-abuse tax; a new provision that taxes U.S. allocated expenses (e.g. interest and general administrative expenses) as well as certain GILTI from foreign operations; a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries; a new limitation on deductible interest expense; and limitations on the deductibility of certain employee compensation. Under GAAP, companies are allowed to make an accounting policy election to either treat taxes resulting from GILTI as a current-period expense when they are incurred or factor such amounts into the measurement of deferred taxes. The Company has not completed its analysis of the effects of the GILTI provisions and will further consider the accounting policy election within the measurement period allowed.

During the fourth quarter of fiscal 2018, the Company also early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform. As a result, the Company recorded a cumulative adjustment of $1.2 million to reclassify the stranded income tax effects from the Tax Reform that were included in accumulated other comprehensive income (loss) to retained earnings.

Income Tax Expense

Income tax expense (benefit) is summarized as follows (in thousands):



	Year Ended		Year Ended			Year Ended
	Feb 3, 2018		Jan 28, 2017			Jan 30, 2016
Federal:
Current	$	34,181	$	8,212		$	23,618
Deferred	21,595		(636		)	4,038
State:
Current	1,903		2,537			3,864
Deferred	217		(1,000		)	(296		)
Foreign:
Current	7,333		17,055			14,259
Deferred	8,943		2,044			(3,019		)
Total	$	74,172	$	28,212		$	42,464

Actual income tax expense differs from expected income tax expense obtained by applying the statutory federal income tax rate to earnings before income taxes as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 3, 2018			Jan 28, 2017			Jan 30, 2016
Computed “expected” tax expense	$	23,693		$	18,763		$	44,547
State taxes, net of federal benefit	1,675			999			2,320
Non-U.S. tax expense less than federal statutory tax rate (1)	(7,396		)	(1,539		)	(6,991		)
Tax Reform - repatriation tax adjustment (2)	23,034			—			—
Tax Reform - deferred tax adjustment (2)	24,856			—			—
Cumulative valuation reserve (3)	—			6,830			—
Valuation reserve (4)	9,057			5,841			3,024
Unrecognized tax benefit	537			556			1,123
Share-based compensation (5)	1,309			—			—
Net tax settlements	—			1,894			—
Sale of minority interest investment	—			(2,316		)	—
Estimated exit tax charge	—			1,911			—
Prior year tax adjustments	(88		)	(1,790		)	(2,944		)
Non-deductible permanent difference	(3,224		)	(2,284		)	1,295
Other	719			(653		)	90
Total	$	74,172		$	28,212		$	42,464

________________________________________________________________________

(1)

The jurisdictional location of pre-tax income (loss) may represent a significant component of the Company’s effective tax rate as income tax rates outside the U.S. are generally lower than the U.S. statutory income tax rate. Furthermore, the impact of changes in the jurisdictional location of pre-tax income (loss) on the Company’s effective tax rate will be greater at lower levels of consolidated pre-tax income (loss). These amounts exclude the impact of net changes in valuation allowances, audit and other adjustments related to the Company’s non-U.S. operations, as they are reported separately in the appropriate corresponding line items in the table above. The impact on the Company’s effective tax rate was primarily related to the Company’s Swiss and Korean subsidiaries which have jurisdictional effective tax rates which range from 8% to 20% lower than the U.S. rates in effect for the periods presented.


(2)	During fiscal 2018, the Company recognized additional tax expense resulting from the enactment of the Tax Reform to account for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings and reduced deferred tax assets due to lower future U.S. corporate tax rates.


(3)	Amounts represent valuation reserves resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets.


(4)	Amounts relate primarily to valuation reserves on non-cumulative net operating losses or other deferred tax assets arising during the respective period.

(5)

During fiscal 2018, the Company adopted authoritative guidance which requires all income tax effects of stock awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity.

Total income tax expense (benefit) is allocated as follows (in thousands):



	Year Ended			Year Ended		Year Ended
	Feb 3, 2018			Jan 28, 2017		Jan 30, 2016
Operations (1)	$	74,172		$	28,212	$	42,464
Stockholders’ equity (1)	(3,173		)	1,782		4,668
Total income tax expense	$	70,999		$	29,994	$	47,132

________________________________________________________________________

(1)

The tax effects of the components of other comprehensive income (loss) are allocated as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 3, 2018			Jan 28, 2017			Jan 30, 2016
Derivative financial instruments designated as cash flow hedges	$	(2,738	)	$	(864	)	$	559
Marketable securities	—			6			(7		)
Defined benefit plans	(435		)	(21		)	2,972
Total income tax expense (benefit) (1)	$	(3,173	)	$	(879	)	$	3,524

________________________________________________________________________

(1)

Total earnings before income tax expense and noncontrolling interests are comprised of the following (in thousands):



	Year Ended		Year Ended		Year Ended
	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Domestic operations	$	39,112	$	32,944	$	90,141
Foreign operations	31,159		20,666		37,138
Earnings before income tax expense and noncontrolling interests	$	70,271	$	53,610	$	127,279

Deferred Taxes

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of February 3, 2018 and January 28, 2017 are presented below (in thousands):



	Feb 3, 2018			Jan 28, 2017
Deferred tax assets:
Net operating losses	19,859			13,524
Defined benefit plans	13,155			20,642
Deferred compensation	10,721			12,987
Excess of book over tax depreciation/amortization	10,704			9,018
Rent expense	7,651			13,672
Deferred income	7,141			6,213
Bad debt reserve	2,529			2,124
Lease incentives	1,814			5,545
Uniform capitalization	974			1,900
Other	30,703			28,265
Total deferred tax assets	105,251			113,890
Deferred tax liabilities:
Goodwill amortization	(2,303		)	(3,654		)
Excess of tax over book depreciation/amortization	(135		)	(189		)
Other	(4,517		)	(4,544		)
Valuation allowance	(32,601		)	(23,255		)
Net deferred tax assets (1)	$	65,695		$	82,248

__________________________________________________________________


(1)	As of February 3, 2018, amount includes net deferred tax liabilities of $2.7 million recorded in other long-term liabilities in the Company’s consolidated balance sheet. There were $0.5 million net deferred tax liabilities recorded in other long-term liabilities in the Company’s consolidated balance sheet at January 28, 2017.

Based on the historical earnings of the Company and projections of future taxable earnings in certain jurisdictions, management believes it is more likely than not that the results of operations will not generate sufficient taxable earnings to realize certain net deferred tax assets. Therefore, the Company has recorded a valuation allowance of $32.6 million, which is an increase of $9.3 million from the prior year.

As of February 3, 2018, certain of the Company’s operations had net operating loss carryforwards of $74.7 million. These are comprised of $17.1 million of operating loss carryforwards that have an unlimited carryforward life, $57.0 million of foreign operating loss carryforwards that expire between fiscal 2019 and fiscal 2038 and $0.6 million of state operating loss carryforwards that expire between fiscal 2019 and fiscal 2036. Based on the historical earnings of these operations, management believes that it is more likely than not that some of the operations will not generate sufficient earnings to utilize all of the net operating loss. As of February 3, 2018 and January 28, 2017, the Company had a valuation allowance of $20.4 million and $13.9 million, respectively, related to its net operating loss carryforwards.

Unrecognized Tax Benefit

The Company and its subsidiaries are subject to U.S. federal and foreign income tax as well as income tax of multiple state and foreign local jurisdictions. From time-to-time, the Company is subject to routine income tax audits on various tax matters around the world in the ordinary course of business. Although the Company has substantially concluded all U.S. federal, foreign, state and foreign local income tax matters for years through fiscal 2012, as of February 3, 2018, several income tax audits were underway in multiple jurisdictions for various periods after fiscal 2012. The Company does not believe that the resolution of open matters will have a material effect on the Company’s financial position or liquidity.

The Company accrues an amount for its estimate of additional income tax liability which the Company, more likely than not, will incur as a result of the ultimate resolution of income tax audits (“uncertain tax positions”). The Company reviews and updates the estimates used in the accrual for uncertain tax positions as more definitive information becomes available from taxing authorities, upon completion of tax audits, upon expiration of statutes of limitation, or upon occurrence of other events.

A reconciliation of the beginning and ending amount of gross unrecognized tax benefit (excluding interest and penalties) is as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 3, 2018			Jan 28, 2017			Jan 30, 2016
Beginning balance	$	12,983		$	12,585		$	13,640
Additions:
Tax positions related to the prior year	4,436			672			496
Tax positions related to the current year	222			106			1,516
Reductions:
Tax positions related to the prior year	(356		)	(380		)	(1,650		)
Tax positions related to the current year	(309		)	—			(359		)
Settlements	—			—			(505		)
Expiration of statutes of limitation	(205		)	—			(553		)
Ending balance	$	16,771		$	12,983		$	12,585

The amount of unrecognized tax benefit as of February 3, 2018 includes $17.4 million (net of federal benefit on state issues) which, if ultimately recognized, may reduce our future annual effective tax rate. As of February 3, 2018 and January 28, 2017, the Company had $19.0 million and $14.6 million, respectively, of aggregate accruals for uncertain tax positions, including penalties and interest.

The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company included interest and penalties related to uncertain tax positions of $0.5 million, $0.2 million and $0.6 million in net income tax expense for fiscal 2018, fiscal 2017 and fiscal 2016, respectively. Total interest and penalties related to uncertain tax positions was $2.2 million and $1.6 million for the years ended February 3, 2018 and January 28, 2017, respectively.

Defined Benefit Plans

12 Months Ended

Feb. 03, 2018

Defined Benefit Plan [Abstract]

Commitments and Contingencies Disclosure [Abstract]

The Company maintains defined benefit plans for certain employees primarily in the U.S. and Switzerland. In accordance with authoritative guidance for defined benefit pension and other postretirement plans, an asset for a plan’s overfunded status or a liability for a plan’s underfunded status is recognized in the consolidated balance sheets; plan assets and obligations that determine the plan’s funded status are measured as of the end of the Company’s fiscal year; and changes in the funded status of defined benefit postretirement plans are recognized in the year in which they occur. Such changes are reported in other comprehensive income (loss) as a separate component of stockholders’ equity.

Supplemental Executive Retirement Plan

On August 23, 2005, the Board of Directors of the Company adopted a Supplemental Executive Retirement Plan (“SERP”) which became effective January 1, 2006. The SERP provides select employees who satisfy certain eligibility requirements with certain benefits upon retirement, termination of employment, death, disability or a change in control of the Company, in certain prescribed circumstances.

In fiscal 2016, the SERP was amended in connection with Paul Marciano’s transition from Chief Executive Officer to Executive Chairman of the Board and Chief Creative Officer. This amendment effectively eliminated any future salary progression by finalizing compensation levels for future benefits. Mr. Marciano will continue to be eligible to receive SERP benefits in the future in accordance with the amended terms of the SERP. Subsequent to this amendment, there are no employees considered actively participating under the terms of the SERP. As a result, the Company included an actuarial gain of $11.4 million before taxes in accumulated other comprehensive income (loss) during fiscal 2016. In addition, the Company also recognized a curtailment gain of $1.7 million before taxes related to the accelerated amortization of the remaining prior service credit during fiscal 2016.

As a non-qualified pension plan, no dedicated funding of the SERP is required; however, the Company has made periodic payments into insurance policies held in a rabbi trust to fund the expected obligations arising under the non-qualified SERP. The amount of any future payments into the insurance policies, if any, may vary depending on investment performance of the trust. The cash surrender values of the insurance policies were $64.5 million and $58.6 million as of February 3, 2018 and January 28, 2017, respectively, and were included in other assets in the Company’s consolidated balance sheets. As a result of changes in the value of the insurance policy investments, the Company recorded unrealized gains (losses) of $7.7 million, $6.9 million and ($1.8) million in other income and expense during fiscal 2018, fiscal 2017 and fiscal 2016, respectively. The Company also recorded realized gains of $0.7 million in other income resulting from payout on the insurance policies during fiscal 2016.

The Company assumed a discount rate of approximately 3.5% for both of the years ended February 3, 2018 and January 28, 2017, as part of the actuarial valuation performed to calculate the projected benefit obligation, based on the timing of cash flows expected to be made in the future to the participants, applied to high quality yield curves. In fiscal 2016, the Company amended the SERP to effectively eliminate any future salary progression by finalizing compensation levels for future benefits. Prior to the amendment, compensation levels utilized in calculating the projected benefit obligation were derived from expected future compensation as outlined in employment contracts in effect at the time. The Company also considers recent updates to the mortality tables and mortality improvement scale published by the Society of Actuaries in developing its best estimate of the expected mortality rates for its plan participants.

As of February 3, 2018, accumulated other comprehensive income (loss) included actuarial losses of $0.2 million that are expected to be amortized and recognized as a component of net periodic defined benefit pension cost in fiscal 2019. Aggregate benefits projected to be paid in the next five fiscal years are approximately $1.7 million in fiscal 2019, $3.7 million in fiscal 2020, $3.9 million in fiscal 2021, $3.9 million in fiscal 2022 and $3.9 million in fiscal 2023. Aggregate benefits projected to be paid in the following five fiscal years amount to $18.5 million.

Foreign Pension Plans

In certain foreign jurisdictions, primarily in Switzerland, the Company is required to guarantee the returns on Company sponsored defined contribution plans in accordance with local regulations. These plans are typically government-mandated defined contribution plans that provide employees with a minimum investment return, and as such, are treated under pension accounting in accordance with authoritative guidance. The minimum investment return for our Swiss pension plan was 1.00% and 1.25% during calendar 2017 and calendar 2016, respectively. Under the Swiss pension plan, both the Company and certain of its employees with annual earnings in excess of government determined amounts are required to make contributions into a fund managed by an independent investment fiduciary. The Company’s contributions must be made in an amount at least equal to the employee’s contribution. Minimum employee contributions are based on the respective employee’s age, salary and gender.

During fiscal 2016, the Swiss pension plan was amended to update the conversion rate for future periods. As a result, the projected benefit obligation and prior service cost were reduced by $0.2 million during fiscal 2016.

As of February 3, 2018 and January 28, 2017, actuarial assumptions used by the Company to calculate the projected benefit obligation and the fair value of the plans assets related to its Swiss pension plan included discount rates of 0.60% and 0.50%, respectively, and expected returns on plan assets of 1.40% for both periods.

As of February 3, 2018, accumulated other comprehensive income (loss) included actuarial losses of $0.4 million that are expected to be amortized and recognized as a component of net periodic defined benefit pension cost in fiscal 2019.

The components of net periodic defined benefit pension cost to accumulated comprehensive income (loss) for fiscal 2018, fiscal 2017 and fiscal 2016 related to the Company’s defined benefit plans are as follows (in thousands):



	Year Ended February 3, 2018
	SERP			Foreign Pension Plans			Total
Service cost	$	—		$	2,500		$	2,500
Interest cost	1,844			147			1,991
Expected return on plan assets	—			(244		)	(244		)
Net amortization of unrecognized prior service credit	—			(27		)	(27		)
Net amortization of actuarial losses	151			311			462
Net periodic defined benefit pension cost	$	1,995		$	2,687		$	4,682
Unrecognized prior service credit charged to comprehensive income (loss)	$	—		$	(27	)	$	(27	)
Unrecognized net actuarial loss charged to comprehensive income (loss)	151			311			462
Net actuarial losses	(1,092		)	(1,156		)	(2,248		)
Foreign currency and other adjustments	—			(269		)	(269		)
Related tax impact	360			75			435
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss)	(581		)	(1,066		)	(1,647		)
Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance (1)	(1,435		)	—			(1,435		)
Total periodic defined benefit pension cost and other charges to accumulated other comprehensive income (loss)	$	(2,016	)	$	(1,066	)	$	(3,082	)

________________________________________________________________________

(1)



	Year Ended January 28, 2017
	SERP			Foreign Pension Plans			Total
Service cost	$	—		$	1,544		$	1,544
Interest cost	1,839			87			1,926
Expected return on plan assets	—			(185		)	(185		)
Net amortization of unrecognized prior service credit	—			(28		)	(28		)
Net amortization of actuarial losses	155			186			341
Net periodic defined benefit pension cost	$	1,994		$	1,604		$	3,598
Unrecognized prior service credit charged to comprehensive income (loss)	$	—		$	(28	)	$	(28	)
Unrecognized net actuarial loss charged to comprehensive income (loss)	155			186			341
Net actuarial gains (losses)	63			(1,248		)	(1,185		)
Foreign currency and other adjustments	—			(72		)	(72		)
Related tax impact	(84		)	105			21
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss) and accumulated other comprehensive income (loss)	$	134		$	(1,057	)	$	(923	)



	Year Ended January 30, 2016
	SERP			Foreign Pension Plans			Total
Service cost	$	—		$	1,622		$	1,622
Interest cost	1,986			69			2,055
Expected return on plan assets	—			(142		)	(142		)
Net amortization of unrecognized prior service credit	(97		)	—			(97		)
Net amortization of actuarial losses	740			184			924
Curtailment gain	(1,651		)	—			(1,651		)
Net periodic defined benefit pension cost	$	978		$	1,733		$	2,711
Unrecognized prior service credit charged to comprehensive income (loss)	$	(97	)	$	—		$	(97	)
Unrecognized net actuarial loss charged to comprehensive income (loss)	740			184			924
Curtailment gain	(1,651		)	—			(1,651		)
Net actuarial gains (losses)	8,707			(341		)	8,366
Plan amendment	—			167			167
Foreign currency and other adjustments	—			274			274
Related tax impact	(2,945		)	(27		)	(2,972		)
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss) and accumulated other comprehensive income (loss)	$	4,754		$	257		$	5,011

Included in accumulated other comprehensive income (loss), before tax, as of February 3, 2018 and January 28, 2017 are the following amounts that have not yet been recognized in net periodic defined benefit pension cost (in thousands):



	Feb 3, 2018								Jan 28, 2017
	SERP		Foreign Pension Plans			Total			SERP		Foreign Pension Plans			Total
Unrecognized prior service credit	$	—	$	(113	)	$	(113	)	$	—	$	(140	)	$	(140	)
Unrecognized net actuarial loss	9,454		4,889			14,343			8,513		3,775			12,288
Total included in accumulated other comprehensive loss	$	9,454	$	4,776		$	14,230		$	8,513	$	3,635		$	12,148

The following table summarizes the funded status of the Company’s defined benefit plans and the amounts recognized in the Company’s consolidated balance sheets (in thousands):



	February 3, 2018									Jan 28, 2017
	SERP			Foreign Pension Plans			Total			SERP			Foreign Pension Plans			Total
Projected benefit obligation	$	(54,760	)	$	(26,409	)	$	(81,169	)	$	(53,521	)	$	(19,986	)	$	(73,507	)
Plan assets at fair value (1)	—			21,437			21,437			—			16,305			16,305
Net liability (2)	$	(54,760	)	$	(4,972	)	$	(59,732	)	$	(53,521	)	$	(3,681	)	$	(57,202	)

________________________________________________________________________


(1)	The SERP is a non-qualified pension plan and hence the insurance policies are not considered to be plan assets. Accordingly, the table above does not include the insurance policies with cash surrender values of $64.5 million and $58.6 million as of February 3, 2018 and January 28, 2017, respectively.


(2)	The net liability was included in accrued expenses and other long-term liabilities in the Company’s consolidated balance sheets depending on the expected timing of payments.

A reconciliation of the changes in the projected benefit obligation for fiscal 2018 and fiscal 2017 is as follows (in thousands):



	Projected Benefit Obligation
	SERP			Foreign Pension Plans			Total
Balance at January 30, 2016	$	53,443		$	17,577		$	71,020
Service cost	—			1,544			1,544
Interest cost	1,839			87			1,926
Actuarial (gains) losses	(63		)	1,067			1,004
Contributions by plan participants	—			1,805			1,805
Payments	(1,698		)	(2,416		)	(4,114		)
Foreign currency and other adjustments	—			322			322
Balance at January 28, 2017	$	53,521		$	19,986		$	73,507
Service cost	—			2,500			2,500
Interest cost	1,844			147			1,991
Actuarial (gains) losses	1,092			1,156			2,248
Contributions by plan participants	—			2,315			2,315
Payments	(1,697		)	(1,373		)	(3,070		)
Foreign currency and other adjustments	—			1,678			1,678
Balance at February 3, 2018	$	54,760		$	26,409		$	81,169

The SERP is a non-qualified pension plan and hence the insurance policies are not considered to be plan assets. Accordingly, the table below does not include the insurance policies with cash surrender values of $64.5 million and $58.6 million as of February 3, 2018 and January 28, 2017, respectively. A reconciliation of the changes in plan assets for the Foreign Pension Plans for fiscal 2018 and fiscal 2017 is as follows (in thousands):



	Plan Assets
Balance at January 30, 2016	$	14,859
Actual return on plan assets	4
Contributions by employer	1,779
Contributions by plan participants	1,805
Payments	(2,416		)
Foreign currency and other adjustments	274
Balance at January 28, 2017	$	16,305
Actual return on plan assets	244
Contributions by employer	2,575
Contributions by plan participants	2,315
Payments	(1,373		)
Foreign currency and other adjustments	1,371
Balance at February 3, 2018	$	21,437

Related Party Transactions	12 Months Ended
Related Party Transactions	Feb. 03, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company and its subsidiaries periodically enter into transactions with other entities or individuals that are considered related parties, including certain transactions with entities affiliated with trusts for the respective benefit of Paul Marciano, who is an executive and member of the Board of the Company, and Maurice Marciano, Chairman Emeritus and member of the Board, and certain of their children (the “Marciano Trusts”). Leases The Company leases warehouse and administrative facilities, including the Company’s corporate headquarters in Los Angeles, California, from partnerships affiliated with the Marciano Trusts and certain of their affiliates. There were four of these leases in effect as of February 3, 2018 with expiration dates ranging from calendar years 2018 to 2020. The Company, through a wholly-owned Canadian subsidiary, leases warehouse and administrative facilities in Montreal, Quebec from a partnership affiliated with the Marciano Trusts. During fiscal 2018, the Company exercised an option to extend the lease term for an additional one-year period ending in December 2018. All other terms of the existing lease remain in full force and effect. The Company, through a French subsidiary, leases a showroom and office space located in Paris, France from an entity that is owned in part by an affiliate of the Marciano Trusts. Due to excess capacity, the lease was amended to reduce the square footage by approximately 5,100 square feet to 16,000 square feet during fiscal 2018. The amendment also provided for a corresponding reduction in aggregate rent, common area maintenance charges and property tax expense due to the lower square footage. All other terms of the existing lease remain in full force and effect. In January 2016, the Company sold an approximately 140,000 square foot parking lot located adjacent to the Company’s corporate headquarters to a partnership affiliated with the Marciano Trusts for a sales price of $7.5 million, which was subsequently collected during fiscal 2017. Concurrent with the sale, the Company entered into a lease agreement to lease back the parking lot from the purchaser. During fiscal 2016, the Company recognized a net gain of approximately $3.4 million in other income as a result of these transactions. Aggregate rent, common area maintenance charges and property tax expense recorded under these four related party leases for fiscal 2018, fiscal 2017 and fiscal 2016 were $4.9 million, $5.0 million and $5.1 million, respectively. The Company believes that the terms of the related party leases and parking lot sale have not been significantly affected by the fact that the Company and the lessors are related. Refer to Note 14 for more information on lease commitments. Aircraft Arrangements The Company periodically charters aircraft owned by MPM Financial, LLC (“MPM Financial”), an entity affiliated with the Marciano Trusts, through informal arrangements with MPM Financial and independent third party management companies contracted by MPM Financial to manage its aircraft. The total fees paid under these arrangements for fiscal 2018, fiscal 2017 and fiscal 2016 were approximately $1.1 million, $0.9 million and $0.6 million, respectively. Other Transactions During 2015, Georges Marciano, brother of Paul Marciano and Maurice Marciano, filed lawsuits against the Company in Canada and the U.S. related primarily to intellectual property rights in the Marciano name. Armand Marciano, also a brother of Paul Marciano and Maurice Marciano, was later added as a plaintiff to the U.S. lawsuit. In addition to the lawsuits, Georges Marciano opposed various of the Company’s applications for registration of its “Marciano” mark. In December 2015, the parties (including all the Marciano brothers) entered into a settlement agreement and a coexistence agreement whereby: (1) Georges Marciano and Armand Marciano agreed to drop all claims and actions against the Company; (2) the Company agreed to pay Georges Marciano and Armand Marciano a sum of $100,000 each (which amounts were substantially reimbursed by insurance); (3) the Company clarified the intellectual property rights of Georges Marciano and Armand Marciano in the use of their respective full names; and (4) the parties clarified the Company’s ownership and intellectual property rights in the name “Marciano.”

Commitments and Contingencies

12 Months Ended

Feb. 03, 2018

Commitments and Contingencies

Leases

The Company leases its showrooms, advertising, licensing, sales and merchandising offices, remote distribution and warehousing facilities and retail and factory outlet store locations under operating lease agreements expiring on various dates through October 2037. Some of these leases require the Company to make periodic payments for property taxes, utilities and common area operating expenses. Certain retail store leases provide for rents based upon the minimum annual rental amount and a percentage of annual sales volume, generally ranging from 4% to 20%, when specific sales volumes are exceeded. The Company’s concession leases also provide for rents primarily based upon a percentage of annual sales volume which average approximately 35% of annual sales volume. Some leases include lease incentives, rent abatements and fixed rent escalations, which are amortized and recorded over the initial lease term on a straight-line basis. The Company also leases some of its equipment under operating lease agreements expiring at various dates through November 2022.

As discussed in further detail in Note 8, the Company leases equipment as well as computer hardware and software under capital lease obligations.

Future minimum property and equipment lease payments under capital leases and non-cancelable operating leases as of February 3, 2018 are as follows (in thousands):



				Operating Leases
	Capital Lease			Non-Related Parties		Related Parties		Total
Fiscal 2019	$	2,940		$	196,321	$	4,757	$	204,018
Fiscal 2020	2,945			174,521		4,420		181,886
Fiscal 2021	2,934			148,255		2,024		153,213
Fiscal 2022	2,716			124,562		—		127,278
Fiscal 2023	2,590			100,162		—		102,752
Thereafter	10,859			229,880		—		240,739
Total minimum lease payments	$	24,984		$	973,701	$	11,201	$	1,009,886
Less interest	(6,395		)
Capital lease obligations	$	18,589
Less current portion	(1,594		)
Long-term capital lease obligations	$	16,995

Rental expense for all property and equipment operating leases during fiscal 2018, fiscal 2017 and fiscal 2016 aggregated $272.3 million, $263.1 million and $259.1 million, respectively, including percentage rent of $61.2 million, $53.0 million and $53.7 million, respectively.

Purchase Commitments

Inventory purchase commitments as of February 3, 2018 were $208.1 million. These purchase commitments can be impacted by various factors, including the scheduling of market weeks, the timing of issuing orders, the timing of the shipment of orders and currency fluctuations.

Incentive Bonuses

Certain officers and key employees of the Company are eligible to receive annual cash incentive bonuses based on the achievement of certain performance criteria. These bonuses are based on performance measures such as earnings from operations of the Company or particular segments thereof, as well as other objective and subjective criteria as determined by the Compensation Committee of the Board of Directors.

Investment Commitments

As of February 3, 2018, the Company had an unfunded commitment to invest €4.5 million ($5.7 million) in a private equity fund. Refer to Note 20 for further information.

Legal Proceedings

On May 6, 2009, Gucci America, Inc. filed a complaint in the U.S. District Court for the Southern District of New York against Guess?, Inc. and certain third party licensees for the Company asserting, among other things, trademark and trade dress law violations and unfair competition. The complaint sought injunctive relief, compensatory damages, including treble damages, and certain other relief. Complaints similar to those in the above action have also been filed by Gucci entities against the Company and certain of its subsidiaries in the Court of Milan, Italy, the Intermediate People’s Court of Nanjing, China and the Court of Paris, France. The three-week bench trial in the U.S. matter concluded on April 19, 2012, with the court issuing a preliminary ruling on May 21, 2012 and a final ruling on July 19, 2012. Although the plaintiff was seeking compensation in the U.S. matter in the form of damages of $26 million and an accounting of profits of $99 million, the final ruling provided for monetary damages of $2.3 million against the Company and $2.3 million against certain of its licensees. The court also granted narrow injunctions in favor of the plaintiff for certain of the claimed infringements. On August 20, 2012, the appeal period expired without any party having filed an appeal, rendering the judgment final. On May 2, 2013, the Court of Milan ruled in favor of the Company in the Milan, Italy matter. In the ruling, the Court rejected all of the plaintiff’s claims and ordered the cancellation of three of the plaintiff’s Italian and four of the plaintiff’s European Community trademark registrations. On June 10, 2013, the plaintiff appealed the Court’s ruling in the Milan matter. On September 15, 2014, the Court of Appeal of Milan affirmed the majority of the lower Court’s ruling in favor of the Company, but overturned the lower Court’s finding with respect to an unfair competition claim. That portion of the matter is now in a damages phase based on the ruling. On October 16, 2015, the plaintiff appealed the remainder of the Court of Appeal of Milan’s ruling in favor of the Company to the Italian Supreme Court of Cassation. In the China matter, the Intermediate People’s Court of Nanjing, China issued a ruling on November 8, 2013 granting an injunction in favor of the plaintiff for certain of the claimed infringements on handbags and small leather goods and awarding the plaintiff statutory damages in the amount of approximately $80,000. The Company strongly disagreed with the Court’s decision and appealed the ruling. On August 31, 2016, the Court of Appeal for the China matter issued a decision in favor of the Company, rejecting all of the plaintiff’s claims. In March 2017, the plaintiff petitioned the China Supreme Court for a retrial of the matter. On January 30, 2015, the Court of Paris ruled in favor of the Company in the France matter, rejecting all of the plaintiff’s claims and partially canceling two of the plaintiff’s community trademark registrations and one of the plaintiff’s international trademark registrations. On February 17, 2015, the plaintiff appealed the Court of Paris’ ruling. Although the Company believes that it has a strong position with respect to each of the remaining matters, it is unable to predict with certainty whether or not these efforts will ultimately be successful or whether the outcomes will have a material impact on the Company’s financial position or results of operations. The parties are currently engaged in settlement discussions with respect to the remaining matters.

The Company has received customs tax assessment notices from the Italian Customs Agency regarding its customs tax audit of one of the Company’s European subsidiaries for the period from July 2010 through December 2012. Such assessments totaled €9.8 million ($12.2 million), including potential penalties and interest. The Company strongly disagrees with the positions that the Italian Customs Agency has taken and therefore filed appeals with the Milan First Degree Tax Court (“MFDTC”). In May 2015, the MFDTC issued a judgment in favor of the Company in relation to the first set of appeals (covering the period through September 2010) and canceled the related assessments totaling €1.7 million ($2.1 million). In November 2015, the Italian Customs Agency notified the Company of its intent to appeal this first MFDTC judgment. During fiscal 2017, the Appeals Court ruled in favor of the Company and rejected the appeal by the Italian Customs Agency on the first MFDTC judgment. During fiscal 2017, the MFDTC also issued judgments in favor of the Company in relation to the second through seventh set of appeals (covering the period from October 2010 through December 2012) and canceled the related assessments totaling €8.1 million ($10.1 million). Subsequently, the Italian Customs Agency has appealed the majority of these favorable MFDTC judgments, as well as certain of the Appeals Court judgments. While these MFDTC judgments have been favorable to the Company, there can be no assurances that the Italian Customs Agency will not be successful in its remaining appeals. It also continues to be possible that the Company will receive similar or even larger assessments for periods subsequent to December 2012 or other claims or charges related to the matter in the future. Although the Company believes that it has a strong position and will continue to vigorously defend this matter, it is unable to predict with certainty whether or not these efforts will ultimately be successful or whether the outcome will have a material impact on the Company’s financial position or results of operations.

On June 6, 2017, the European Commission notified the Company that it has initiated proceedings to investigate whether certain of the Company’s practices and agreements concerning the distribution of apparel and accessories within the European Union breach European Union competition rules related to cross-border transactions, internet sales limitations and resale price restrictions. The initiation of the proceedings does not mean that the European Commission has made a definitive conclusion regarding whether the Company breached any rules. The Company has cooperated and plans to continue to cooperate with the European Commission, including through responses to requests for information and through changes to certain business practices and agreements, as appropriate. If a violation is ultimately found, a broad range of remedies is potentially available to the European Commission, including imposing a fine and/or injunctive relief prohibiting or restricting certain business practices. As of November 6, 2017, the Company and the European Commission agreed to begin a settlement discussion process to determine if the parties can mutually agree on an outcome of the proceedings. Those discussions are still ongoing. At this point, the Company is unable to predict the timing or outcome of these proceedings, including the magnitude of any potential fine. However, the Company does not currently believe that any changes to its business practices or agreements made in connection with this proceeding will have a material impact on its ongoing business operations within the European Union.

The Company is also involved in various other claims and other matters incidental to the Company’s business, the resolutions of which are not expected to have a material adverse effect on the Company’s financial position or results of operations.

Redeemable Noncontrolling Interests

The Company is party to a put arrangement with respect to the common securities that represent the remaining noncontrolling interest for its majority-owned subsidiary, Guess Brasil Comércio e Distribuição S.A. (“Guess Brazil”), which was established through a majority-owned joint venture during fiscal 2014. The put arrangement for Guess Brazil, representing 40% of the total outstanding equity interest of that subsidiary, may be exercised at the discretion of the noncontrolling interest holder by providing written notice to the Company beginning in the sixth year of the agreement, or sooner in certain limited circumstances, and every third anniversary from the end of the sixth year thereafter subject to certain time restrictions. The redemption value of the Guess Brazil put arrangement is based on a multiple of Guess Brazil’s earnings before interest, taxes, depreciation and amortization subject to certain adjustments, and is classified as a redeemable noncontrolling interest outside of permanent equity in the Company’s consolidated balance sheet. During fiscal 2017, the Company and the noncontrolling interest holder increased their capital contributions by $1.7 million, of which $1.0 million was paid by the Company and the remaining amount was paid by the noncontrolling interest holder to retain the same pro-rata interest in Guess Brazil. The carrying value of the redeemable noncontrolling interest related to Guess Brazil was $1.6 million and $1.7 million as of February 3, 2018 and January 28, 2017, respectively.

The Company is party to a put arrangement with respect to the common securities that represent the remaining noncontrolling interest for its majority-owned subsidiary, Guess? CIS, LLC (“Guess CIS”), which was established through a majority-owned joint venture during fiscal 2016. The put arrangement for Guess CIS, representing 30% of the total outstanding equity interest of that subsidiary, may be exercised at the discretion of the noncontrolling interest holder by providing written notice to the Company during the period beginning after the fifth anniversary of the agreement through December 31, 2025, or sooner in certain limited circumstances. The redemption value of the Guess CIS put arrangement is based on a multiple of Guess CIS’s earnings before interest, taxes, depreciation and amortization subject to certain adjustments and is classified as a redeemable noncontrolling interest outside of permanent equity in the Company’s consolidated balance sheet. During fiscal 2016, the Company made an initial contribution of $2.0 million. During fiscal 2017, the Company and the noncontrolling interest holder increased their capital contributions by $5.0 million, of which $3.5 million was paid by the Company and the remaining amount was paid by the noncontrolling interest holder to retain the same pro-rata interest in Guess CIS. During fiscal 2018, the Company and the noncontrolling interest holder made an additional capital contribution totaling $3.2 million, of which $2.2 million was paid by the Company and the remaining amount was paid by the noncontrolling interest holder to retain the same pro-rata interest in Guess CIS. The carrying value of the redeemable noncontrolling interest related to Guess CIS was $4.0 million and $2.8 million as of February 3, 2018 and January 28, 2017, respectively.

The Company was previously party to a put arrangement in connection with its now wholly-owned subsidiary, Guess Sud SAS (“Guess Sud”). Under the terms of this put arrangement, which represented 40% of the total outstanding interest of that subsidiary, the noncontrolling interest holder had the option to exercise the put arrangement at its discretion by providing written notice to the Company any time after January 30, 2012. The redemption value of the put arrangement was determined based on a method which approximated fair value. During fiscal 2017, the Company acquired the remaining 40% interest in Guess Sud for $4.4 million.

A reconciliation of the total carrying amount of redeemable noncontrolling interests for fiscal 2018 and fiscal 2017 is as follows (in thousands):



	Year Ended		Year Ended
	Feb 3, 2018		Jan 28, 2017
Beginning balance	$	4,452	$	5,252
Foreign currency translation adjustment	187		818
Purchase of redeemable noncontrolling interest	—		(4,445		)
Noncontrolling interest capital contribution	951		2,157
Redeemable noncontrolling interest redemption value adjustment	—		670
Ending balance	$	5,590	$	4,452

Savings Plans	12 Months Ended
Savings Plans	Feb. 03, 2018
Retirement Benefits [Abstract]
Savings Plans	Savings Plans The Company established the Guess?, Inc. Savings Plan (the “Savings Plan”) under Section 401(k) of the Internal Revenue Code. Under the Savings Plan, employees (“associates”) may contribute up to 100% of their compensation per year subject to the elective limits as defined by IRS guidelines and the Company may make matching contributions in amounts not to exceed 3.0% of the associates’ annual compensation. Investment selections consist of mutual funds and do not include any Company common stock. The Company’s contributions to the Savings Plan amounted to $1.1 million, $1.2 million and $1.3 million for fiscal 2018, fiscal 2017 and fiscal 2016, respectively. Effective January 1, 2006, the Company adopted a Non-qualified Deferred Compensation Plan (the “DCP”). Under the DCP, select employees who satisfy certain eligibility requirements and members of the Board of Directors may make annual irrevocable elections to defer a portion of their base compensation and/or bonuses. The deferred amounts and earnings thereon are payable to participants at specified future distribution dates, upon termination of employment, retirement, disability, death or change in control of the Company, in a lump sum or installments, pursuant to elections under the rules of the DCP. The participants to the DCP have an unsecured contractual commitment by the Company to pay the amounts due under the DCP. The deferred compensation liability as of February 3, 2018 and January 28, 2017 was $13.5 million and $11.2 million, respectively, and was included in accrued expenses and other long-term liabilities in the Company’s consolidated balance sheets depending on the expected timing of payments. The Company has purchased corporate-owned life insurance, which is held in a rabbi trust, to offset this liability. The assets held in the rabbi trust are not available for general corporate purposes except in the event of bankruptcy of the Company. As of February 3, 2018 and January 28, 2017, the long-term asset was $13.7 million and $12.0 million, respectively. All earnings and expenses of the rabbi trust are reported in the Company’s consolidated statements of income in other income and expense. For fiscal 2018, fiscal 2017 and fiscal 2016, the Company incurred unrealized gains (losses) of $1.7 million, $1.5 million and $(0.7) million, respectively, related to the change in the value of the insurance policy investments. During fiscal 2016, the Company also recorded realized gains of $0.3 million in other income resulting from payout on the insurance policies. During fiscal 2016, the Company made contributions of $1.5 million to the DCP.

Quarterly Information (Unaudited)

12 Months Ended

Feb. 03, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Information (Unaudited)

The following is a summary of the unaudited quarterly financial information for fiscal 2018 and fiscal 2017 (in thousands, except per share data):



	Quarterly Periods Ended (1)
Year Ended February 3, 2018	Apr 29, 2017			Jul 29, 2017		Oct 28, 2017			Feb 3, 2018
Net revenue (2)	$	454,345		$	568,292	$	548,953		$	792,164
Gross profit	144,642			198,027		191,109			295,070
Net earnings (loss)	(21,227		)	15,881		(1,662		)	3,107
Net earnings (loss) attributable to Guess?, Inc.	(21,293		)	15,219		(2,860		)	1,040
Net earnings (loss) per common share attributable to common stockholders: (3) (4) (5) (6)
Basic	$	(0.26	)	$	0.18	$	(0.04	)	$	0.01
Diluted	$	(0.26	)	$	0.18	$	(0.04	)	$	0.01



	Quarterly Periods Ended (1)
Year Ended January 28, 2017	Apr 30, 2016			Jul 30, 2016		Oct 29, 2016		Jan 28, 2017
Net revenue (2)	$	444,061		$	540,412	$	531,976	$	674,004
Gross profit	142,759			185,632		180,242		236,407
Net earnings	(25,154		)	32,167		9,729		8,656
Net earnings attributable to Guess?, Inc.	(25,178		)	32,269		9,103		6,567
Net earnings per common share attributable to common stockholders: (3) (4) (5) (7) (8) (9)
Basic	$	(0.30	)	$	0.38	$	0.11	$	0.08
Diluted	$	(0.30	)	$	0.38	$	0.11	$	0.08

_________________________________________________________________________


(1)	All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 3, 2018 which consisted of 14 weeks.

(2)

During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, prior period amounts related to net royalties, net revenue and cost of product sales have been adjusted to conform to the current period presentation. This resulted in a decrease to net revenue and cost of product sales of $4.2 million, $5.4 million and $5.2 million during the first, second and third quarters of fiscal 2018, respectively. This also resulted in a decrease to net revenue and cost of product sales of $4.8 million, $4.5 million, $4.3 million and $5.3 million during the first, second, third and fourth quarters of fiscal 2017, respectively. This reclassification had no impact on previously reported gross profit, net earnings (loss) or net earnings (loss) per share. Refer to Note 1 for further information regarding this reclassification.


(3)	Per common share amounts for the quarters and full years have been calculated separately. Accordingly, quarterly amounts may not add to the annual amount because of differences in the average common shares outstanding during each period.

(4)

The Company recorded net gains (losses) on lease terminations of $(11.5) million and $0.1 million during the third and fourth quarters of fiscal 2018, respectively. There were no net gains (losses) on lease terminations recognized during the first or second quarters of fiscal 2018. During the first and second quarters of fiscal 2017, the Company recorded net gains on lease terminations of $0.1 million and $0.6 million, respectively. There were no net gains (losses) on lease terminations recognized during the third or fourth quarters of fiscal 2017. Refer to Note 1 for further information regarding net gains (losses) on lease terminations.

(5)

During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. The Company recorded asset impairment charges of $2.8 million, $1.2 million, $2.0 million and $2.5 million, respectively, during the first, second, third and fourth quarters of fiscal 2018. The Company also recorded asset impairment charges of $0.2 million, $0.5 million, $0.8 million and $32.9 million, respectively, during the first, second, third and fourth quarters of fiscal 2017. Refer to Note 5 for further detail regarding asset impairment charges.

(6)

During fiscal 2018, the Company recognized additional tax expense of $47.9 million related to the enactment of the Tax Reform. This is comprised of a $24.9 million charge for the provisional re-measurement of certain deferred taxes and related amounts and a provisional charge of $23.0 million to income tax expense for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings. These charges were recorded during the fourth quarter of fiscal 2018. Refer to Note 11 for further detail.


(7)	During fiscal 2017, the Company recorded restructuring charges of $6.1 million and a related estimated exit tax charge of approximately $1.9 million. The restructuring charges and related estimated exit tax charge were recorded during the three months ended April 30, 2016. Refer to Note 9 for further detail regarding these charges.


(8)	During fiscal 2017, the Company sold its minority interest equity holding in a privately-held boutique apparel company for net proceeds of approximately $34.8 million, which resulted in a gain of approximately $22.3 million which was recorded in other income. The gain was recorded during the three months ended July 30, 2016.

(9)

During fiscal 2017, the Company recorded valuation reserves of $6.8 million resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets. The Company recorded the valuation reserve during the three months ended January 28, 2017. Refer to Note 11 for further detail.

Segment Information

12 Months Ended

Feb. 03, 2018

Segment Reporting [Abstract]

Segment Information

The Company’s reportable business segments and respective accounting policies of the segments are the same as those described in Note 1. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before corporate performance-based compensation costs, net gains (losses) from lease terminations, asset impairment charges and restructuring charges, if any. Corporate overhead, net gains (losses) from lease terminations, asset impairment charges, restructuring charges, interest income, interest expense and other income and expense are evaluated on a consolidated basis and not allocated to the Company’s business segments.

Segment information is summarized as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 3, 2018 (1)			Jan 28, 2017 (1)			Jan 30, 2016 (1)
Net revenue:
Americas Retail	$	833,077		$	935,479		$	981,942
Americas Wholesale (2)	150,366			146,260			155,594
Europe (2)	998,657			788,194			722,877
Asia (2)	308,899			248,601			240,041
Licensing (3)	72,755			71,919			84,041
Total net revenue (3)	$	2,363,754		$	2,190,453		$	2,184,495
Earnings (loss) from operations:
Americas Retail (2)	$	(17,301	)	$	(22,816	)	$	18,414
Americas Wholesale (2)	25,161			24,190			29,579
Europe (2)	87,376			56,961			53,673
Asia (2)	14,116			(2,381		)	10,309
Licensing (2)	78,102			80,386			92,189
Total segment earnings from operations	187,454			136,340			204,164
Corporate overhead (2)	(102,429		)	(73,859		)	(82,864		)
Net gains (losses) on lease terminations (2) (4)	(11,373		)	695			2,337
Asset impairment charges (2) (5)	(8,479		)	(34,385		)	(2,287		)
Restructuring charges (6)	—			(6,083		)	—
Total earnings from operations	$	65,173		$	22,708		$	121,350
Capital expenditures:
Americas Retail	$	16,899		$	25,881		$	26,384
Americas Wholesale	1,303			3,320			2,854
Europe	46,419			42,080			13,869
Asia	12,111			13,869			6,265
Licensing	—			20			27
Corporate overhead	7,923			5,411			34,445
Total capital expenditures	$	84,655		$	90,581		$	83,844



	Feb 3, 2018		Jan 28, 2017
Total assets:
Americas Retail	$	192,917	$	240,857
Americas Wholesale	181,548		175,136
Europe	850,886		723,251
Asia	242,232		182,405
Licensing	6,255		19,442
Corporate overhead	181,796		193,395
Total assets	$	1,655,634	$	1,534,485

_________________________________________________________________________


(1)	The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018.

(2)

During fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. Segment results were also adjusted to exclude corporate performance-based compensation costs, net gains (losses) on lease terminations and asset impairment charges due to the fact that these items are no longer included in the segment results provided to the Company’s chief operating decision maker in order to allocate resources and assess performance. Accordingly, segment results have been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.


(3)	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation. This reclassification had no impact on previously reported earnings from operations.

(4)

During fiscal 2018, the Company incurred net losses on lease terminations related primarily to the modification of certain lease agreements held with a common landlord in North America. During fiscal 2017 and fiscal 2016, the Company recorded net gains on lease terminations related primarily to the early termination of certain lease agreements in Europe. Refer to Note 1 for more information regarding the net gains (losses) on lease terminations.


(5)	During each of the years presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. Refer to Note 5 for more information regarding these asset impairment charges.


(6)	Restructuring charges incurred during fiscal 2017 related to plans to better align the Company’s global cost and organizational structure with its current strategic initiatives. Refer to Note 9 for more information regarding these restructuring charges.

The table below presents information regarding geographic areas in which the Company operated. Net revenue is classified primarily based on the country where the Company’s customer is located (in thousands):



	Year Ended		Year Ended		Year Ended
	Feb 3, 2018		Jan 28, 2017 (1)		Jan 30, 2016 (1)
Net revenue:
U.S.	$	742,620	$	836,954	$	892,056
Italy	289,299		257,542		245,451
Canada	203,965		220,720		222,470
South Korea	156,101		157,503		162,200
Other foreign countries	971,769		717,734		662,318
Total net revenue	$	2,363,754	$	2,190,453	$	2,184,495



	Feb 3, 2018		Jan 28, 2017
Long-lived assets:
U.S.	$	109,943	$	115,728
Italy	34,884		31,013
Canada	18,845		13,690
South Korea	9,584		8,664
Other foreign countries	187,214		132,921
Total long-lived assets	$	360,470	$	302,016

_________________________________________________________________________


(1)	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.

Earnings (Loss) Per Share

12 Months Ended

Feb. 03, 2018

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

The computation of basic and diluted net earnings (loss) per common share attributable to common stockholders is as follows (in thousands, except per share data):



	Year Ended			Year Ended		Year Ended
	Feb 3, 2018			Jan 28, 2017		Jan 30, 2016
Net earnings (loss) attributable to Guess?, Inc.	$	(7,894	)	$	22,761	$	81,851
Less net earnings attributable to nonvested restricted stockholders	764			527		532
Net earnings (loss) attributable to common stockholders	$	(8,658	)	$	22,234	$	81,319

Weighted average common shares used in basic computations	82,189			83,666		84,264
Effect of dilutive securities:
Stock options and restricted stock units (1)	—			163		261
Weighted average common shares used in diluted computations	82,189			83,829		84,525
Net earnings (loss) per common share attributable to common stockholders:
Basic	$	(0.11	)	$	0.27	$	0.97
Diluted	$	(0.11	)	$	0.27	$	0.96

_________________________________________________________________________


(1)	For fiscal 2018, there were 652,494 potentially dilutive shares that were not included in the computation of diluted weighted average common shares and common equivalent shares outstanding because their effect would have been antidilutive given the Company’s net loss.

For fiscal 2018, fiscal 2017 and fiscal 2016, equity awards granted for 2,925,549, 3,254,259 and 2,737,573, respectively, of the Company’s common shares were outstanding but were excluded from the computation of diluted weighted average common shares and common equivalent shares outstanding because the assumed proceeds, as calculated under the treasury stock method, resulted in these awards being antidilutive. For fiscal 2018, the Company also excluded 899,345 nonvested stock units which were subject to the achievement of performance-based vesting conditions from the computation of diluted weighted average common shares and common equivalent shares outstanding because these conditions were not achieved as of February 3, 2018. For fiscal 2017, the Company excluded 473,878 nonvested stock units which were subject to the achievement of performance-based or market-based vesting conditions from the computation of diluted weighted average common shares and common equivalent shares outstanding because these conditions were not achieved as of January 28, 2017. For fiscal 2016, the Company did not exclude any nonvested stock units which were subject to the achievement of performance-based or market-based vesting conditions from the computation of diluted weighted average common shares and common equivalent shares outstanding since these conditions were achieved as of January 30, 2016.

Share-Based Compensation

12 Months Ended

Feb. 03, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

Share-Based Compensation Plans

The Company has four share-based compensation plans. The Guess?, Inc. 2004 Equity Incentive Plan (the “Plan”) provides that the Board of Directors may grant stock options and other equity awards to officers, key employees and certain consultants and advisors to the Company or any of its subsidiaries. Effective May 19, 2017, the Plan was amended to increase the authorized issuance of shares from 15,000,000 shares of common stock to 29,100,000 shares of common stock. In addition, the amendment provided that awards granted on or after May 1, 2017 (other than stock options or stock appreciation rights) would be counted against the number of shares available to be issued under the Plan as 3.54 shares for every one share actually issued. The amendment also extended the term through May 19, 2027 and extended the Company’s ability to grant certain performance-based awards under the Plan through the first annual meeting of the Company’s shareholders in calendar 2022. As of February 3, 2018 and January 28, 2017, there were 15,350,428 and 4,092,241 shares available for grant under the Plan, respectively. Stock options granted under the Plan have ten-year terms and typically vest and become fully exercisable in increments of one-fourth of the shares granted on each anniversary from the date of grant. Stock awards/units granted under the Plan typically vest in increments of one-fourth of the shares granted on each anniversary from the date of grant. The three most recent annual grants for stock options and other equity awards had initial vesting periods of nine months followed by three annual vesting periods.

The Guess?, Inc. Employee Stock Purchase Plan (“ESPP”) allows qualified employees to participate in the purchase of designated shares of the Company’s common stock at a price equal to 85% of the lower of the closing price at the beginning or end of each quarterly stock purchase period.

The Guess?, Inc. 2006 Non-Employee Directors’ Stock Grant and Stock Option Plan (the “Director Plan”) provides for the grant of equity awards to non-employee directors. Effective May 20, 2016, the Director Plan was amended to extend the term through June 30, 2026, reduce the authorized issuance of shares from 2,000,000 shares of common stock to 1,850,000 shares of common stock and allow more flexibility to structure compensation arrangements for the Company’s non-employee directors. All other remaining provisions under the Director Plan remained in full force and effect. As of February 3, 2018 and January 28, 2017, there were 495,489 and 582,639 shares available for grant under this plan, respectively.

In addition, the Guess?, Inc. 1996 Equity Incentive Plan, under which equity grants have not been permitted since the approval of the Plan in 2004, continues to govern outstanding awards previously made thereunder.

Performance-Based Awards

The Company has granted certain nonvested units that require certain minimum performance targets to be achieved in order for these awards to vest. Vesting is also subject to continued service requirements through the vesting date. If the minimum performance targets are not forecasted to be achieved, no expense is recognized during the period.

The Company has granted certain nonvested stock units subject to performance-based vesting conditions to select executive officers. Each award of nonvested stock units generally has an initial vesting period from the date of the grant through either (i) the end of the first fiscal year or (ii) the first anniversary of the date of grant, followed by annual vesting periods which may range from two-to-three years. The nonvested stock units are subject to the achievement of certain performance-based vesting conditions.

The Company has also granted a target number of nonvested stock units to select key management, including certain executive officers. The number of shares that may ultimately vest with respect to each award may range from 0% up to 200% of the target number of shares, subject to the achievement of certain performance-based vesting conditions. Any shares that are ultimately issued are scheduled to vest at the end of the third fiscal year following the grant date.

Market-Based Awards

The Company has granted certain nonvested stock units which are subject to market-based performance targets in order for these units to vest. Vesting is also subject to continued service requirements through the vesting date. The grant date fair value for such nonvested stock units was estimated using a Monte Carlo simulation that incorporates option-pricing inputs covering the period from the grant date through the end of the performance period. Compensation expense for such nonvested stock units is recognized on a straight-line basis over the vesting period, regardless of whether the market condition is satisfied.

The Company has granted certain nonvested stock units subject to market-based vesting conditions to select executive officers. The number of shares that may ultimately vest will equal 0% to 150% of the target number of shares, subject to the performance of the Company’s total stockholder return (“TSR”) relative to the TSR of a select group of peer companies over a three-year period.

Contingently Returnable Restricted Stock Awards

On July 7, 2015, the Company granted Victor Herrero, the Company’s Chief Executive Officer, 150,000 restricted stock units in addition to certain other stock options and nonvested stock units in connection with an employment agreement entered into between the Company and Mr. Herrero (the “Herrero Employment Agreement”). These restricted stock units vested immediately but were considered contingently returnable as a result of a one-year implied service condition set forth in the Herrero Employment Agreement. This service condition was met during the year ended January 28, 2017. Compensation expense for these restricted stock units was recognized on a straight-line basis over the implied service period.

Share-Based Compensation Expense

Compensation expense for nonvested stock options and stock awards/units that are not subject to performance-based vesting conditions is recognized on a straight-line basis over the vesting period. Compensation expense for performance-based awards that vest in increments is recognized based on an accelerated attribution method. During fiscal 2018, the Company adopted authoritative guidance which eliminates the requirement to estimate forfeitures, but rather provides for an election that would allow entities to account for forfeitures as they occur. The Company adopted this election using the modified retrospective method and recorded a cumulative adjustment to reduce retained earnings by approximately $0.3 million as of the beginning of the period of adoption.

The following table summarizes the share-based compensation expense recognized under all of the Company’s stock plans during fiscal 2018, fiscal 2017 and fiscal 2016 (in thousands):



	Year Ended		Year Ended		Year Ended
	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Stock options	$	2,345	$	2,219	$	2,113
Stock awards/units	16,347		14,544		16,604
ESPP	160		145		163
Total share-based compensation expense	$	18,852	$	16,908	$	18,880

Stock options

The following table summarizes the stock option activity under all of the Company’s stock plans during fiscal 2018:



	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value ($000’s)
Options outstanding at January 28, 2017	2,857,012		$	24.30
Granted	1,283,175		11.22
Exercised	(123,775	)	11.22
Forfeited	(88,625	)	25.39
Expired	(15,375	)	41.14
Options outstanding at February 3, 2018	3,912,412		$	20.33	4.79	$	3,930
Exercisable at February 3, 2018	2,232,456		$	24.56	6.52	$	668
Options exercisable and expected to vest at February 3, 2018	3,912,412		$	20.33	4.79	$	3,930

The fair value of each stock option was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions used for grants during fiscal 2018, fiscal 2017 and fiscal 2016:



	Year Ended		Year Ended		Year Ended
Valuation Assumptions	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Risk-free interest rate	1.5	%	1.0	%	1.0	%
Expected stock price volatility	37.1	%	35.4	%	36.7	%
Expected dividend yield	8.0	%	4.8	%	4.7	%
Expected life of stock options (in years)	4.4		4.2		3.8

The risk-free interest rate is based on the U.S. Treasury yield curve in effect for the expected term of the option at the time of grant. The expected stock price volatility is determined based on an average of both historical volatility and implied volatility. Implied volatility is derived from exchange traded options on the Company’s common stock. The expected dividend yield is based on the Company’s history and expectations of dividend payouts. The expected life is determined based on historical trends.

The weighted average grant date fair value of options granted was $1.57, $3.53 and $3.75 during fiscal 2018, fiscal 2017 and fiscal 2016, respectively. The total intrinsic value of stock options exercised was $0.7 million during fiscal 2018 and minimal during fiscal 2017. During fiscal 2016, the total intrinsic value of stock options exercised was $0.1 million. The intrinsic value of stock options is defined as the difference between the Company’s stock price on the exercise date and the grant date exercise price. The total cash received from option exercises was $1.4 million, $0.2 million and $0.3 million during fiscal 2018, fiscal 2017 and fiscal 2016, respectively.

The compensation expense included in SG&A expense recognized was $2.3 million before the recognized income tax benefit of $0.8 million during fiscal 2018. As of February 3, 2018, there was approximately $3.7 million of unrecognized compensation cost related to nonvested stock options. This cost is expected to be recognized over a weighted average period of 1.5 years. The excess tax shortfall included in cash flows from operating activities related to stock option activity was minimal for fiscal 2018.

Stock awards/units

The following table summarizes the nonvested stock awards/units activity under all of the Company’s stock plans during fiscal 2018:



	Number of Awards/Units		Weighted Average Grant Date Fair Value
Nonvested at January 28, 2017	1,686,204		$	18.80
Granted	1,969,619		11.41
Vested	(1,052,796	)	17.52
Forfeited	(138,461	)	14.94
Nonvested at February 3, 2018	2,464,566		$	13.66

The following table summarizes the activity for nonvested performance-based units and nonvested market-based units included in the table above during fiscal 2018:



	Performance-Based Units				Market-Based Units
	Number of Units		Weighted Average Grant Date Fair Value		Number of Units		Weighted Average Grant Date Fair Value
Nonvested at January 28, 2017	787,849		$	19.17	323,825		$	16.63
Granted	818,416		11.17		309,118		12.03
Vested	(290,645	)	19.85		(244,466	)	17.72
Forfeited	(14,699	)	16.60		—		—
Nonvested at February 3, 2018	1,300,921		$	14.01	388,477		$	12.28

The fair value of each market-based nonvested stock unit was estimated on the grant date using the Monte Carlo simulation with the following assumptions used for the grants during fiscal 2018, fiscal 2017 and fiscal 2016:



	Year Ended		Year Ended		Year Ended
Valuation Assumptions	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Risk-free interest rate	1.4	%	0.9	%	0.9	%
Expected stock price volatility	39.7	%	36.2	%	38.6	%
Expected dividend yield	—	%	—	%	—	%
Expected life of market-based awards (in years)	2.8		2.8		2.8

The weighted average grant date fair value for the total nonvested stock awards/units granted was $11.41, $18.01 and $18.79 during fiscal 2018, fiscal 2017 and fiscal 2016, respectively. The total fair value at grant date of previously nonvested stock awards/units that were vested during fiscal 2018, fiscal 2017 and fiscal 2016 was $18.4 million, $14.7 million and $14.0 million, respectively. During fiscal 2018, fiscal 2017 and fiscal 2016, the total intrinsic value of nonvested stock awards/units that vested was $12.6 million, $9.4 million and $11.0 million, respectively. The total intrinsic value of nonvested stock awards/units outstanding and unvested as of February 3, 2018 was $36.0 million.

The compensation expense included in SG&A expense recognized during fiscal 2018 was $16.3 million before the recognized income tax benefit of $5.6 million. As of February 3, 2018, there was approximately $26.9 million of total unrecognized compensation cost related to nonvested stock awards/units. This cost is expected to be recognized over a weighted average period of 1.6 years. The excess tax shortfall of $1.3 million related to stock award/unit activity was included in cash flows from operating activities for fiscal 2018.

ESPP

The Company’s ESPP allows qualified employees (as defined) to participate in the purchase of designated shares of the Company’s common stock at a price equal to 85% of the lower of the closing price at the beginning or end of each quarterly stock purchase period. The ESPP requires participants to hold any shares purchased under the ESPP for a minimum period of six months after purchase. In addition, all Company employees are subject to the terms of the Company’s securities trading policy which generally prohibits the purchase or sale of any Company securities during the two weeks before the end of each fiscal quarter through two days after the public announcement by the Company of its earnings for that period. The Company has 4,000,000 shares of common stock registered under the ESPP. The Company’s ESPP will remain in effect through March 11, 2022.

During fiscal 2018, fiscal 2017 and fiscal 2016, 54,300 shares, 44,486 shares and 40,846 shares of the Company’s common stock were issued pursuant to the ESPP at an average price of $10.45, $12.56 and $16.17 per share, respectively.

The fair value of stock compensation expense associated with the Company’s ESPP was estimated on the date of grant using the Black-Scholes option-pricing valuation model with the following weighted average assumptions used for grants during fiscal 2018, fiscal 2017 and fiscal 2016.



	Year Ended		Year Ended		Year Ended
Valuation Assumptions	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Risk-free interest rate	1.0	%	0.3	%	0.1	%
Expected stock price volatility	45.8	%	41.1	%	34.9	%
Expected dividend yield	7.6	%	6.2	%	4.7	%
Expected life of ESPP options (in months)	3		3		3

The weighted average grant date fair value of ESPP options granted during fiscal 2018, fiscal 2017 and fiscal 2016 was $2.85, $3.32 and $4.06, respectively.

Fair Value Measurements

12 Months Ended

Feb. 03, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

Authoritative guidance 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. The guidance establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into three broad levels as follows:

Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that can be accessed at the measurement date.

Level 2—Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e. interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3—Unobservable inputs that reflect assumptions about what market participants would use in pricing the asset or liability. These inputs would be based on the best information available, including the Company’s own data.

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of February 3, 2018 and January 28, 2017 (in thousands):



	Fair Value Measurements at Feb 3, 2018								Fair Value Measurements at Jan 28, 2017
Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Foreign exchange currency contracts	$	—	$	51	$	—	$	51	$	—	$	9,868	$	—	$	9,868
Interest rate swap	—		1,460		—		1,460		—		876		—		$	876
Total	$	—	$	1,511	$	—	$	1,511	$	—	$	10,744	$	—	$	10,744
Liabilities:
Foreign exchange currency contracts	$	—	$	18,089	$	—	$	18,089	$	—	$	1,424	$	—	$	1,424
Deferred compensation obligations	—		13,476		—		13,476		—		11,184		—		11,184
Total	$	—	$	31,565	$	—	$	31,565	$	—	$	12,608	$	—	$	12,608

There were no transfers of financial instruments between the three levels of fair value hierarchy during fiscal 2018 and fiscal 2017.

Foreign exchange currency contracts are entered into by the Company principally to hedge the future payment of inventory and intercompany transactions by non-U.S. subsidiaries. Periodically, the Company may also use foreign exchange currency contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries. The fair values of the Company’s foreign exchange currency contracts are based on quoted foreign exchange forward rates at the reporting date. The fair values of the interest rate swaps are based upon inputs corroborated by observable market data. Deferred compensation obligations to employees are adjusted based on changes in the fair value of the underlying employee-directed investments. Fair value of these obligations is based upon inputs corroborated by observable market data.

During fiscal 2018, the Company invested €0.5 million ($0.5 million) in a private equity fund, which was included in other assets in the Company’s consolidated balance sheet as of February 3, 2018. As permitted in accordance with authoritative guidance, the Company uses net asset value per share as a practical expedient to measure the fair value of this investment and has not included this investment in the fair value hierarchy as disclosed above. As of February 3, 2018, the Company had an unfunded commitment to invest an additional €4.5 million ($5.7 million) in the private equity fund.

The carrying amount of the Company’s remaining financial instruments, which principally include cash and cash equivalents, trade receivables, accounts payable and accrued expenses, approximates fair value due to the relatively short maturity of such instruments. The fair values of the Company’s debt instruments (see Note 8) are based on the amount of future cash flows associated with each instrument discounted using the Company’s incremental borrowing rate. As of February 3, 2018 and January 28, 2017, the carrying value of all financial instruments was not materially different from fair value, as the interest rates on the Company’s debt approximated rates currently available to the Company.

- Definition

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

+ References + Details

Derivative Financial Instruments

12 Months Ended

Feb. 03, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Hedging Strategy

Foreign Exchange Currency Contracts

The Company operates in foreign countries, which exposes it to market risk associated with foreign currency exchange rate fluctuations. The Company has entered into certain forward contracts to hedge the risk of foreign currency rate fluctuations. The Company has elected to apply the hedge accounting rules in accordance with authoritative guidance for certain of these hedges.

The Company’s primary objective is to hedge the variability in forecasted cash flows due to the foreign currency risk. Various transactions that occur primarily in Europe, Canada, South Korea, China and Mexico are denominated in U.S. dollars, British pounds and Russian roubles and thus are exposed to earnings risk as a result of exchange rate fluctuations when converted to their functional currencies. These types of transactions include U.S. dollar denominated purchases of merchandise and U.S. dollar and British pound denominated intercompany liabilities. In addition, certain operating expenses, tax liabilities and pension-related liabilities are denominated in Swiss francs and are exposed to earnings risk as a result of exchange rate fluctuations when converted to the functional currency. The Company enters into derivative financial instruments, including forward exchange currency contracts, to offset some but not all of the exchange risk on certain of these anticipated foreign currency transactions.

Periodically, the Company may also use foreign exchange currency contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries.

Interest Rate Swap Agreements

The impact of the credit risk of the counterparties to the derivative contracts is considered in determining the fair value of the foreign exchange currency contracts and interest rate swap agreements. As of February 3, 2018, credit risk has not had a significant effect on the fair value of the Company’s foreign exchange currency contracts and interest rate swap agreements.

Hedge Accounting Policy

Foreign Exchange Currency Contracts

U.S. dollar forward contracts are used to hedge forecasted merchandise purchases over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as cash flow hedges, are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are recognized in cost of product sales in the period which approximates the time the hedged merchandise inventory is sold. The Company also hedges forecasted intercompany royalties over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as cash flow hedges, are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are recognized in other income and expense in the period in which the royalty expense is incurred.

The Company has also used U.S. dollar forward contracts to hedge the net investments of certain of the Company’s international subsidiaries over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as net investment hedges, are recorded in foreign currency translation adjustment as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are not recognized in earnings (loss) until the sale or liquidation of the hedged net investment.

The Company also has foreign exchange currency contracts that are not designated as hedging instruments for accounting purposes. Changes in fair value of foreign exchange currency contracts not designated as hedging instruments are reported in net earnings (loss) as part of other income and expense.

Interest Rate Swap Agreements

Interest rate swap agreements are used to hedge the variability of the cash flows in interest payments associated with the Company’s floating-rate debt. Changes in the fair value of interest rate swap agreements designated as cash flow hedges are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are amortized to interest expense over the term of the related debt.

Periodically, the Company may also enter into interest rate swap agreements that are not designated as hedging instruments for accounting purposes. Changes in the fair value of interest rate swap agreements not designated as hedging instruments are reported in net earnings (loss) as part of other income and expense.

Summary of Derivative Instruments

The fair value of derivative instruments in the consolidated balance sheets as of February 3, 2018 and January 28, 2017 is as follows (in thousands):



	Derivative Balance Sheet Location	Fair Value at Feb 3, 2018		Fair Value at Jan 28, 2017
ASSETS:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	Other current assets/ Other assets	$	41	$	6,072
Interest rate swap	Other assets	1,460		876
Total derivatives designated as hedging instruments		1,501		6,948
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other current assets/ Other assets	10		3,796
Total		$	1,511	$	10,744
LIABILITIES:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	Accrued expenses/ Other long-term liabilities	$	13,789	$	1,250
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Accrued expenses	4,300		174
Total		$	18,089	$	1,424

Derivatives Designated as Hedging Instruments

Foreign Exchange Currency Contracts Designated as Cash Flow Hedges

During fiscal 2018, the Company purchased U.S. dollar forward contracts in Europe and Canada totaling US$147.6 million and US$25.7 million, respectively, that were designated as cash flow hedges. As of February 3, 2018, the Company had forward contracts outstanding for its European and Canadian operations of US$145.8 million and US$38.7 million, respectively, to hedge forecasted merchandise purchases and intercompany royalties, which are expected to mature over the next 17 months. At January 28, 2017, the Company had forward contracts outstanding for its European and Canadian operations of US$104.2 million and US$66.9 million, respectively, that were designated as cash flow hedges.

As of February 3, 2018, accumulated other comprehensive income (loss) related to foreign exchange currency contracts included a net unrealized loss of approximately $15.5 million, net of tax, of which $10.0 million will be recognized in cost of product sales or other expense over the following 12 months, at the then current values on a pre-tax basis, which can be different than the current year-end values.

Interest Rate Swap Agreement Designated as Cash Flow Hedge

During fiscal 2017, the Company entered into an interest rate swap agreement with a notional amount of $21.5 million, designated as a cash flow hedge, to hedge the variability of cash flows in interest payments associated with the Company’s floating-rate debt. This interest rate swap agreement matures in January 2026 and converts the nature of the Company’s real estate secured term loan from LIBOR floating-rate debt to fixed-rate debt, resulting in a swap fixed rate of approximately 3.06%.

As of February 3, 2018, accumulated other comprehensive income (loss) related to the interest rate swap agreement included a net unrealized gain of approximately $1.1 million, net of tax, which will be recognized in interest expense after the following 12 months, at the then current values on a pre-tax basis, which can be different than the current year-end values.

The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in accumulated other comprehensive income (loss) and net earnings (loss) for fiscal 2018, fiscal 2017 and fiscal 2016 (in thousands):



	Gain (Loss) Recognized in OCI			Location of Gain (Loss) Reclassified from Accumulated OCI into Loss (1)	Gain (Loss) Reclassified from Accumulated OCI into Loss			Loss Reclassified from Accumulated OCI to Retained Earnings (2)
	Year Ended Feb 3, 2018				Year Ended Feb 3, 2018			Year Ended Feb 3, 2018
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	(22,497	)	Cost of product sales	$	14		$	—
Foreign exchange currency contracts	$	(1,163	)	Other income/expense	$	(583	)	$	—
Interest rate swap	$	272		Interest expense	$	(87	)	$	(225	)



	Gain Recognized in OCI		Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (1)	Gain (Loss) Reclassified from Accumulated OCI into Earnings
	Year Ended Jan 28, 2017			Year Ended Jan 28, 2017
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	—	Cost of product sales	$	3,518
Foreign exchange currency contracts	$	227	Other income/expense	$	301
Interest rate swap	$	660	Interest expense	$	(216	)



	Gain Recognized in OCI		Location of Gain Reclassified from Accumulated OCI into Earnings (1)	Gain Reclassified from Accumulated OCI into Earnings
	Year Ended Jan 30, 2016			Year Ended Jan 30, 2016
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	9,301	Cost of product sales	$	8,314
Foreign exchange currency contracts	$	500	Other income/expense	$	833

________________________________________________________________________


(1)	The Company recognized gains of $2.7 million, $0.9 million and $0.1 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during fiscal 2018, fiscal 2017 and fiscal 2016, respectively. There was no ineffectiveness recognized related to the interest rate swap during fiscal 2018 and fiscal 2017.

(2)

During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to reduce retained earnings by $0.2 million with a corresponding increase to accumulated other comprehensive income (loss) related to the Company’s interest rate swap designated as a cash flow hedge.

The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):



	Year Ended Feb 3, 2018			Year Ended Jan 28, 2017
Beginning balance gain	$	5,400		$	7,252
Net gains (losses) from changes in cash flow hedges	(20,408		)	1,059
Net (gains) losses reclassified to earnings (loss)	414			(2,911		)
Net losses reclassified to retained earnings (1)	225			—
Ending balance gain (loss)	$	(14,369	)	$	5,400

________________________________________________________________________

(1)

During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to reduce retained earnings by $0.2 million with a corresponding increase to accumulated other comprehensive income (loss) related to the Company’s interest rate swap designated as a cash flow hedge.

Derivatives Not Designated as Hedging Instruments

As of February 3, 2018, the Company had euro foreign exchange currency contracts to purchase US$68.2 million expected to mature over the next 12 months and Canadian dollar foreign exchange currency contracts to purchase US$17.6 million expected to mature over the next 11 months.

At January 28, 2017, the Company had euro foreign exchange currency contracts to purchase US$81.4 million and Canadian dollar foreign exchange currency contracts to purchase US$13.9 million.

The following table summarizes the gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense for fiscal 2018, fiscal 2017 and fiscal 2016 (in thousands):



	Location of Gain (Loss) Recognized in Earnings (Loss)	Gain (Loss) Recognized in Earnings (Loss)
	Location of Gain (Loss) Recognized in Earnings (Loss)	Year Ended Feb 3, 2018			Year Ended Jan 28, 2017		Year Ended Jan 30, 2016
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other income/expense	$	(10,511	)	$	2,427	$	4,346
Interest rate swap	Other income/expense	$	—		$	38	$	179

Share Repurchase Program	12 Months Ended
Share Repurchase Program	Feb. 03, 2018
Equity [Abstract]
Share Repurchase Program	Share Repurchase Program On June 26, 2012, the Company’s Board of Directors authorized a program to repurchase, from time-to-time and as market and business conditions warrant, up to $500 million of the Company’s common stock. Repurchases under the program may be made on the open market or in privately negotiated transactions, pursuant to Rule 10b5-1 trading plans or other available means. There is no minimum or maximum number of shares to be repurchased under the program, which may be discontinued at any time, without prior notice. During fiscal 2018, the Company repurchased 3,866,387 shares under the program at an aggregate cost of $56.1 million, of which $6.0 million was settled subsequent to year end. During fiscal 2017, the Company repurchased 289,968 shares under the program at an aggregate cost of $3.5 million. During fiscal 2016, the Company repurchased 2,000,000 shares at an aggregate cost of $44.0 million. As of February 3, 2018, the Company had remaining authority under the program to purchase $392.2 million of its common stock.

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Feb. 03, 2018

Valuation and Qualifying Accounts [Abstract]

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

GUESS?, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years Ended February 3, 2018, January 28, 2017 and January 30, 2016

(in thousands)



	Balance at Beginning of Period		Costs Charged to Expenses		Deductions and Write-offs			Balance at End of Period
Description
As of February 3, 2018
Allowance for doubtful accounts	$	13,313	$	9,447	$	(9,420	)	$	13,340
Allowance for markdowns	2,944		42,485		(34,652		)	10,777
Allowance for royalties receivable	497		—		(359		)	138
Allowance for sales returns	20,891		83,593		(76,603		)	27,881
Total	$	37,645	$	135,525	$	(121,034	)	$	52,136
As of January 28, 2017
Allowance for doubtful accounts	$	12,874	$	7,284	$	(6,845	)	$	13,313
Allowance for markdowns	2,196		32,679		(31,931		)	2,944
Allowance for royalties receivable	411		86		—			497
Allowance for sales returns	20,513		74,278		(73,900		)	20,891
Total	$	35,994	$	114,327	$	(112,676	)	$	37,645
As of January 30, 2016
Allowance for doubtful accounts	$	13,504	$	5,767	$	(6,397	)	$	12,874
Allowance for markdowns	2,549		21,988		(22,341		)	2,196
Allowance for royalties receivable	253		240		(82		)	411
Allowance for sales returns	17,727		68,477		(65,691		)	20,513
Total	$	34,033	$	96,472	$	(94,511	)	$	35,994

Description of the Business and Summary of Significant Accounting Policies and Practices (Policies)

12 Months Ended

Feb. 03, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Correction of Immaterial Error

Reclassifications

The Company has made certain reclassifications to prior period amounts to conform to the current period presentation within the accompanying notes to the consolidated financial statements.

Fiscal Year

Principles of Consolidation

Use of Estimates

Business Segment Reporting

Revenue Recognition - General

Revenue Recognition

General

Net Royalty Revenue

Gift Cards

Loyalty Programs

Classification of Certain Costs and Expenses

Advertising and Marketing Costs

The Company expenses the cost of advertising as incurred.

Share-Based Compensation

Foreign Currency - Translation and Transaction Gains and Losses

Foreign Currency

Foreign Currency Translation Adjustment

Foreign Currency Transaction Gains and Losses

Derivatives

Foreign Exchange Currency Contracts

Interest Rate Swap Agreements

Income Taxes

Earnings (Loss) Per Share

Comprehensive Income (Loss)

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less.

Investment Securities

Concentration of Credit and Liquidity Risk

Inventories

Depreciation and Amortization

Depreciation and amortization of property and equipment and purchased intangibles are provided using the straight-line method over the following useful lives:



Building and building improvements	10 to 39 years
Land improvements	5 years
Furniture, fixtures and equipment	2 to 10 years
Purchased intangibles	4 to 20 years

Long-Lived Assets

Goodwill

Other Assets

Deferred Rent and Lease Incentives

Litigation Reserves

New Accounting Guidance

Changes in Accounting Policies

In July 2015, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance to simplify the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost or net realizable value test. The Company adopted this guidance effective January 29, 2017 on a prospective basis. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements or related disclosures.

In March 2016, the FASB issued authoritative guidance to simplify the accounting for certain aspects of share-based compensation. This guidance addresses the accounting for income tax effects at award settlement, the use of an expected forfeiture rate to estimate award cancellations prior to the vesting date and the presentation of excess tax benefits and shares surrendered for tax withholdings on the statement of cash flows. The Company adopted this guidance effective January 29, 2017. This guidance requires all income tax effects of awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity. The Company adopted this provision prospectively and accordingly recorded tax shortfalls of approximately $1.3 million in its consolidated statement of income (loss) during fiscal 2018. This resulted in a negative impact on net loss attributable to Guess?, Inc. of approximately $1.3 million, or an unfavorable $0.02 per share impact during fiscal 2018. Under this guidance, excess tax benefits are also excluded from the assumed proceeds available to repurchase shares in the computation of diluted earnings (loss) per share. This was adopted prospectively and did not have an impact on the Company’s diluted loss per share for fiscal 2018. This guidance also eliminates the requirement to estimate forfeitures, but rather provides for an election that would allow entities to account for forfeitures as they occur. The Company adopted this election beginning in the first quarter of fiscal 2018 using the modified retrospective method and recorded a cumulative adjustment to reduce retained earnings by approximately $0.3 million. This guidance also changes the presentation of excess tax benefits from a financing activity to an operating activity in the statement of cash flows. This presentation was adopted on a retrospective basis and, as a result, net cash used in operating activities improved by $0.3 million and $0.2 million with a corresponding offset to net cash used in financing activities during fiscal 2017 and fiscal 2016, respectively.

In August 2016, the FASB issued authoritative guidance related to the classification of certain cash receipts and cash payments in the statement of cash flows. The Company adopted this guidance effective January 29, 2017 on a retrospective basis. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements or related disclosures.

In October 2016, the FASB issued authoritative guidance that requires an entity to include indirect interests held through related parties that are under common control on a proportionate basis when evaluating if a reporting entity is the primary beneficiary of a variable interest entity. The Company adopted this guidance effective January 29, 2017. The adoption of this guidance did not have an impact on the Company’s consolidated financial statements or related disclosures.

In November 2016, the FASB issued authoritative guidance related to the presentation of restricted cash in the statement of cash flows. This guidance requires that the statement of cash flows reconcile the change during the period in total cash, cash equivalents and restricted cash. The Company’s restricted cash is generally held as collateral for certain transactions. The Company adopted this guidance effective January 29, 2017 on a retrospective basis. As a result, the Company updated its consolidated statements of cash flows for fiscal 2018, fiscal 2017 and fiscal 2016 to include restricted cash with cash and cash equivalents when reconciling the beginning and end of period balances and to eliminate changes in restricted cash that have historically been included within operating and investing activities.

In January 2017, the FASB issued authoritative guidance which clarifies the definition of a business to assist entities when evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The Company early adopted this guidance effective January 29, 2017 on a prospective basis. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements or related disclosures.

In February 2018, the FASB issued authoritative guidance to address certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the 2017 Tax Cuts and Jobs Act (the “Tax Reform”) enacted in December 2017. This guidance provides the Company with an option to reclassify stranded tax effected within accumulated other comprehensive income (loss) to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate due to the Tax Reform is recorded. The Company early adopted this guidance during the fourth quarter of fiscal 2018 and recorded a cumulative adjustment to increase retained earnings by approximately $1.2 million.

Recently Issued Accounting Guidance

In May 2014, the FASB issued a comprehensive new revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard is intended to clarify the principles of recognizing revenue and create common revenue recognition guidance between GAAP and International Financial Reporting Standards. The standard also requires expanded disclosures surrounding revenue recognition. During fiscal 2017, the FASB issued additional clarification guidance on the new revenue recognition standard which also included certain scope improvements and practical expedients. The standard (including clarification guidance issued) is effective for fiscal periods beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and allows for either full retrospective or modified retrospective adoption, with early adoption permitted. The Company has adopted this guidance using the modified retrospective method beginning in the first quarter of fiscal 2019. The Company’s assessment efforts have included reviewing current revenue processes, arrangements and accounting policies to identify potential differences that could arise from the application of this standard on its consolidated financial statements and related disclosures. While the Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements, the Company expects there to be differences related primarily to the classification and timing of when revenue and certain expenses are recognized from its licensing business. These differences relate primarily to changes in the presentation of advertising contributions received from the Company’s licensees and related advertising expenditures incurred by the Company. The Company currently records advertising contributions received from its licensees and the related advertising expenditures incurred by the Company on a net basis in its consolidated balance sheet. To the extent that the advertising contributions exceed the Company’s advertising expenditures for its licensees, the excess contribution is treated as a deferred liability and is included in accrued expenses in the Company’s consolidated balance sheet. Under the new standard, advertising contributions and related advertising expenditures related to the Company’s licensing business will be recorded on a gross basis which will increase net revenue as well as SG&A expenses. The Company also expects revenue related to its e-commerce operations to be recognized when merchandise is transferred to a common carrier rather than upon receipt by the customer, as well as adjustments to the accounting for the Company’s loyalty programs due to a slight change in the valuation of the amount that is deferred related to points earned. Additionally, allowances for wholesale sales returns and wholesale markdowns will be presented as accrued expenses rather than as reductions to accounts receivable and the estimated cost of inventory associated with the allowance for sales returns will be presented within other current assets in the Company’s consolidated balance sheet.

In January 2016, the FASB issued authoritative guidance which requires equity investments not accounted for under the equity method of accounting or consolidation accounting to be measured at fair value, with subsequent changes in fair value recognized in net income. In February 2018, the FASB issued additional clarification guidance which made targeted improvements to address certain aspects of recognition, measurement, presentation and disclosure requirements for financial instruments. The original guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The clarification guidance is effective for fiscal years beginning after December 15, 2017 and interim periods beginning after June 15, 2015, which will be the Company’s third quarter of fiscal 2019. The clarification guidance may be early adopted, provided that the original guidance issued has been adopted. The adoption of this guidance (including the clarification guidance) is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures unless the Company acquires new equity investments.

In February 2016, the FASB issued a comprehensive new lease standard which will supersede previous lease guidance. The standard requires a lessee to recognize assets and liabilities related to long-term leases that were classified as operating leases under previous guidance in its balance sheet. An asset would be recognized related to the right to use the underlying asset and a liability would be recognized related to the obligation to make lease payments over the term of the lease. The standard also requires expanded disclosures surrounding leases. The standard is effective for fiscal periods beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020, and requires modified retrospective adoption, with early adoption permitted. The Company expects that this adoption will result in material increases in assets and liabilities in its consolidated balance sheet as well as enhanced disclosures. The Company is in the process of implementing controls and system changes to enable the preparation of the required financial information for this standard.

In June 2016, the FASB issued authoritative guidance related to the measurement of credit losses on financial instruments. This guidance is effective for fiscal years beginning after December 15, 2019, which will be the Company’s first quarter of fiscal 2021. Early adoption is permitted for fiscal periods beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures.

In October 2016, the FASB issued authoritative guidance which amends the accounting for income taxes on intra-entity transfers of assets other than inventory. This guidance requires that entities recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. The income tax consequences on intra-entity transfers of inventory will continue to be deferred until the inventory has been sold to a third party. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. Early adoption is permitted at the beginning of a fiscal year. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures.

In January 2017, the FASB issued authoritative guidance to simplify the testing for goodwill impairment by removing step two from the goodwill testing. Under current guidance, if the fair value of a reporting unit is lower than its carrying amount (step one), an entity would calculate an impairment charge by comparing the implied fair value of goodwill with its carrying amount (step two). The implied fair value of goodwill was calculated by deducting the fair value of the assets and liabilities of the respective reporting unit from the reporting unit’s fair value as determined under step one. This guidance instead provides that an impairment charge should be recognized based on the difference between a reporting unit’s fair value and its carrying value. This guidance also does not require a qualitative test to be performed on reporting units with zero or negative carrying amounts. However, entities need to disclose any reporting units with zero or negative carrying amounts that have goodwill and the amount of goodwill allocated to each. This guidance is effective for fiscal years beginning after December 15, 2019, which will be the Company’s first quarter of fiscal 2021, with early adoption permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures.

In March 2017, the FASB issued authoritative guidance related to the presentation of net periodic pension cost in the income statement. This guidance requires that the service cost component of net periodic pension cost is presented in the same line as other compensation costs arising from services rendered by the employees during the period. The other non-service components of net periodic pension cost are required to be presented in the income statement separately from the service cost component and outside of earnings from operations. This guidance also allows for the service cost component to be eligible for capitalization when applicable. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and requires retrospective adoption for the presentation of the service cost component and other non-service components of net periodic pension cost in the income statement and prospective adoption for capitalization of the service cost component. Other than the change in presentation of other non-service components of net periodic pension cost within the Company’s consolidated statements of income, the adoption of this guidance is not expected to have an impact on the Company’s consolidated financial statements and related disclosures.

In May 2017, the FASB issued authoritative guidance that provides clarification on accounting for modifications in share-based payment awards. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, with early adoption permitted. The adoption of this guidance is not expected to have an impact on the Company’s consolidated financial statements or related disclosures unless there are modifications to the Company’s share-based payment awards.

In August 2017, the FASB issued authoritative guidance to better align the results of hedge accounting with an entity’s risk management activities. This guidance updates the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This guidance is effective for fiscal years beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with early adoption permitted. The updated presentation and disclosure guidance is required only on a prospective basis. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures.

Inventories (Tables)

12 Months Ended

Feb. 03, 2018

Inventory Disclosure [Abstract]

Schedule of inventories

Inventories consist of the following (in thousands):



	Feb 3, 2018		Jan 28, 2017
Raw materials	$	604	$	799
Work in progress	16		78
Finished goods	427,684		366,504
	$	428,304	$	367,381

Property and Equipment (Tables)

12 Months Ended

Feb. 03, 2018

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

Property and equipment is summarized as follows (in thousands):



	Feb 3, 2018		Jan 28, 2017
Land and land improvements	$	2,750	$	2,750
Building and building improvements	51,285		47,673
Leasehold improvements	380,234		367,294
Furniture, fixtures and equipment	389,393		353,843
Construction in progress	16,555		13,163
Assets under capital leases	19,560		—
	859,777		784,723
Less accumulated depreciation and amortization	565,523		541,718
	$	294,254	$	243,005

Schedule of impairments to long-lived assets

Impairments to long-lived assets are summarized as follows (in thousands):



	Feb 3, 2018		Jan 28, 2017
Aggregate carrying value of long-lived assets impaired	$	8,728	$	36,103
Less asset impairment charges	8,479		34,385
Aggregate remaining fair value of long-lived assets impaired	$	249	$	1,718

Goodwill and Intangible Assets (Tables)

12 Months Ended

Feb. 03, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of goodwill activity by business segment

Goodwill activity is summarized by business segment as follows (in thousands):



	Americas Retail		Americas Wholesale		Europe			Asia		Total
Goodwill balance at January 30, 2016	$	1,693	$	9,960	$	21,759		$	—	$	33,412
Adjustments:
Acquisition	—		—		—			933		933
Translation adjustments	36		6		(287		)	—		(245		)
Goodwill balance at January 28, 2017	1,729		9,966		21,472			933		34,100
Adjustments:
Acquisition	—		—		—			566		566
Translation adjustments	36		6		3,653			120		3,815
Goodwill balance at February 3, 2018	$	1,765	$	9,972	$	25,125		$	1,619	$	38,481

Borrowings and Capital Lease Obligations (Tables)

12 Months Ended

Feb. 03, 2018

Debt Disclosure [Abstract]

Summary of borrowings and capital lease obligations

Borrowings and capital lease obligations are summarized as follows (in thousands):



	Feb 3, 2018		Jan 28, 2017
Mortgage debt, maturing monthly through January 2026	$	20,323	$	20,889
Capital lease obligations	18,589		—
Other	3,129		3,159
	42,041		24,048
Less current installments	2,845		566
Long-term debt and capital lease obligations	$	39,196	$	23,482

Summary of maturities of debt and capital lease obligations

From time-to-time, the Company will obtain other financing in foreign countries for working capital to finance its local operations.

Maturities of the Company’s debt and capital lease obligations as of February 3, 2018 are as follows (in thousands):



	Debt		Capital Lease		Total
Fiscal 2019	$	1,361	$	1,594	$	2,955
Fiscal 2020	1,893		1,767		3,660
Fiscal 2021	1,725		1,923		3,648
Fiscal 2022	659		1,944		2,603
Fiscal 2023	682		1,895		2,577
Thereafter	17,221		9,466		26,687
Total principal payments	23,541		18,589		42,130
Less unamortized debt issuance costs	89		—		89
Total debt and capital lease obligations	$	23,452	$	18,589	$	42,041

Restructuring Charges (Tables)

12 Months Ended

Feb. 03, 2018

Restructuring and Related Activities [Abstract]

Summary of restructuring activities related primarily to severance

The following table summarizes restructuring activities related primarily to severance during fiscal 2017 and fiscal 2018 (in thousands):



	Total
Balance at January 30, 2016	$	—
Charges to operations	6,083
Cash payments	(6,003		)
Foreign currency and other adjustments	100
Balance at January 28, 2017	$	180
Cash payments	(124		)
Foreign currency and other adjustments	(56		)
Balance at February 3, 2018	$	—

Comprehensive Income (Loss) (Tables)

12 Months Ended

Feb. 03, 2018

Stockholders' Equity Note [Abstract]

Schedule of changes in accumulated other comprehensive income (loss), net of related income taxes

The changes in accumulated other comprehensive income (loss), net of related income taxes, for fiscal 2018, fiscal 2017 and fiscal 2016 are as follows (in thousands):



	Foreign Currency Translation Adjustment			Derivative Financial Instruments Designated as Cash Flow Hedges			Marketable Securities			Defined Benefit Plans			Total
Balance at January 31, 2015	$	(121,569	)	$	7,157		$	(3	)	$	(12,650	)	$	(127,065	)
Gains (losses) arising during the period	(36,083		)	7,944			(12		)	5,468			(22,683		)
Reclassification to net earnings for gains realized	—			(7,849		)	—			(457		)	(8,306		)
Net other comprehensive income (loss)	(36,083		)	95			(12		)	5,011			(30,989		)
Balance at January 30, 2016	$	(157,652	)	$	7,252		$	(15	)	$	(7,639	)	$	(158,054	)
Gains (losses) arising during the period	(575		)	1,059			(1		)	(1,162		)	(679		)
Reclassification to net earnings for (gains) losses realized	—			(2,911		)	16			239			(2,656		)
Net other comprehensive income (loss)	(575		)	(1,852		)	15			(923		)	(3,335		)
Balance at January 28, 2017	$	(158,227	)	$	5,400		$	—		$	(8,562	)	$	(161,389	)
Gains (losses) arising during the period	91,178			(20,408		)	—			(1,999		)	68,771
Reclassification to net loss for (gains) losses realized	—			414			—			352			766
Net other comprehensive income (loss)	91,178			(19,994		)	—			(1,647		)	69,537
Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance (1)	—			225			—			(1,435		)	(1,210		)
Balance at February 3, 2018	$	(67,049	)	$	(14,369	)	$	—		$	(11,644	)	$	(93,062	)

________________________________________________________________________

(1)

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss) during fiscal 2018, fiscal 2017 and fiscal 2016 are as follows (in thousands):



										Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings (Loss)
	Year Ended Feb 3, 2018			Year Ended Jan 28, 2017			Year Ended Jan 30, 2016
Derivative financial instruments designated as cash flow hedges:
Foreign exchange currency contracts	$	(14	)	$	(3,518	)	$	(8,314	)	Cost of product sales
Foreign exchange currency contracts	583			(301		)	(833		)	Other income/expense
Interest rate swap	87			216			—			Interest expense
Less income tax effect	(242		)	692			1,298			Income tax expense
	414			(2,911		)	(7,849		)
Marketable securities:
Available-for-sale securities	—			25			—			Other income/expense
Less income tax effect	—			(9		)	—			Income tax expense
	—			16			—
Defined benefit plans:
Net actuarial loss amortization	462			341			924			⁽¹⁾
Prior service credit amortization	(27		)	(28		)	(97		)	⁽¹⁾
Curtailment	—			—			(1,651		)	⁽¹⁾
Less income tax effect	(83		)	(74		)	367			Income tax expense
	352			239			(457		)
Total reclassifications to net earnings (loss) for (gains) losses realized during the period	$	766		$	(2,656	)	$	(8,306	)

________________________________________________________________________


(1)	These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 12 for further information.

Income Taxes (Tables)

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Schedule of income tax expense (benefit)

Income tax expense (benefit) is summarized as follows (in thousands):



	Year Ended		Year Ended			Year Ended
	Feb 3, 2018		Jan 28, 2017			Jan 30, 2016
Federal:
Current	$	34,181	$	8,212		$	23,618
Deferred	21,595		(636		)	4,038
State:
Current	1,903		2,537			3,864
Deferred	217		(1,000		)	(296		)
Foreign:
Current	7,333		17,055			14,259
Deferred	8,943		2,044			(3,019		)
Total	$	74,172	$	28,212		$	42,464

Schedule of differences between actual income tax expense and expected income tax expense

Actual income tax expense differs from expected income tax expense obtained by applying the statutory federal income tax rate to earnings before income taxes as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 3, 2018			Jan 28, 2017			Jan 30, 2016
Computed “expected” tax expense	$	23,693		$	18,763		$	44,547
State taxes, net of federal benefit	1,675			999			2,320
Non-U.S. tax expense less than federal statutory tax rate (1)	(7,396		)	(1,539		)	(6,991		)
Tax Reform - repatriation tax adjustment (2)	23,034			—			—
Tax Reform - deferred tax adjustment (2)	24,856			—			—
Cumulative valuation reserve (3)	—			6,830			—
Valuation reserve (4)	9,057			5,841			3,024
Unrecognized tax benefit	537			556			1,123
Share-based compensation (5)	1,309			—			—
Net tax settlements	—			1,894			—
Sale of minority interest investment	—			(2,316		)	—
Estimated exit tax charge	—			1,911			—
Prior year tax adjustments	(88		)	(1,790		)	(2,944		)
Non-deductible permanent difference	(3,224		)	(2,284		)	1,295
Other	719			(653		)	90
Total	$	74,172		$	28,212		$	42,464

________________________________________________________________________

(1)


(2)	During fiscal 2018, the Company recognized additional tax expense resulting from the enactment of the Tax Reform to account for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings and reduced deferred tax assets due to lower future U.S. corporate tax rates.


(3)	Amounts represent valuation reserves resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets.


(4)	Amounts relate primarily to valuation reserves on non-cumulative net operating losses or other deferred tax assets arising during the respective period.

(5)

Schedule of allocation of total income tax expense (benefit)

Total income tax expense (benefit) is allocated as follows (in thousands):



	Year Ended			Year Ended		Year Ended
	Feb 3, 2018			Jan 28, 2017		Jan 30, 2016
Operations (1)	$	74,172		$	28,212	$	42,464
Stockholders’ equity (1)	(3,173		)	1,782		4,668
Total income tax expense	$	70,999		$	29,994	$	47,132

________________________________________________________________________

(1)

Schedule of tax effects of the components of other comprehensive income (loss)

The tax effects of the components of other comprehensive income (loss) are allocated as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 3, 2018			Jan 28, 2017			Jan 30, 2016
Derivative financial instruments designated as cash flow hedges	$	(2,738	)	$	(864	)	$	559
Marketable securities	—			6			(7		)
Defined benefit plans	(435		)	(21		)	2,972
Total income tax expense (benefit) (1)	$	(3,173	)	$	(879	)	$	3,524

________________________________________________________________________

(1)

Schedule of total earnings before income tax expense and noncontrolling interests

Total earnings before income tax expense and noncontrolling interests are comprised of the following (in thousands):



	Year Ended		Year Ended		Year Ended
	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Domestic operations	$	39,112	$	32,944	$	90,141
Foreign operations	31,159		20,666		37,138
Earnings before income tax expense and noncontrolling interests	$	70,271	$	53,610	$	127,279

Schedule of tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities



	Feb 3, 2018			Jan 28, 2017
Deferred tax assets:
Net operating losses	19,859			13,524
Defined benefit plans	13,155			20,642
Deferred compensation	10,721			12,987
Excess of book over tax depreciation/amortization	10,704			9,018
Rent expense	7,651			13,672
Deferred income	7,141			6,213
Bad debt reserve	2,529			2,124
Lease incentives	1,814			5,545
Uniform capitalization	974			1,900
Other	30,703			28,265
Total deferred tax assets	105,251			113,890
Deferred tax liabilities:
Goodwill amortization	(2,303		)	(3,654		)
Excess of tax over book depreciation/amortization	(135		)	(189		)
Other	(4,517		)	(4,544		)
Valuation allowance	(32,601		)	(23,255		)
Net deferred tax assets (1)	$	65,695		$	82,248

__________________________________________________________________


(1)	As of February 3, 2018, amount includes net deferred tax liabilities of $2.7 million recorded in other long-term liabilities in the Company’s consolidated balance sheet. There were $0.5 million net deferred tax liabilities recorded in other long-term liabilities in the Company’s consolidated balance sheet at January 28, 2017.

Schedule of changes that occurred in the amount of gross unrecognized tax benefit excluding interest and penalties

A reconciliation of the beginning and ending amount of gross unrecognized tax benefit (excluding interest and penalties) is as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 3, 2018			Jan 28, 2017			Jan 30, 2016
Beginning balance	$	12,983		$	12,585		$	13,640
Additions:
Tax positions related to the prior year	4,436			672			496
Tax positions related to the current year	222			106			1,516
Reductions:
Tax positions related to the prior year	(356		)	(380		)	(1,650		)
Tax positions related to the current year	(309		)	—			(359		)
Settlements	—			—			(505		)
Expiration of statutes of limitation	(205		)	—			(553		)
Ending balance	$	16,771		$	12,983		$	12,585

Defined Benefit Plans (Tables)

12 Months Ended

Feb. 03, 2018

Defined Benefit Plan [Abstract]

Schedule of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)



	Year Ended February 3, 2018
	SERP			Foreign Pension Plans			Total
Service cost	$	—		$	2,500		$	2,500
Interest cost	1,844			147			1,991
Expected return on plan assets	—			(244		)	(244		)
Net amortization of unrecognized prior service credit	—			(27		)	(27		)
Net amortization of actuarial losses	151			311			462
Net periodic defined benefit pension cost	$	1,995		$	2,687		$	4,682
Unrecognized prior service credit charged to comprehensive income (loss)	$	—		$	(27	)	$	(27	)
Unrecognized net actuarial loss charged to comprehensive income (loss)	151			311			462
Net actuarial losses	(1,092		)	(1,156		)	(2,248		)
Foreign currency and other adjustments	—			(269		)	(269		)
Related tax impact	360			75			435
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss)	(581		)	(1,066		)	(1,647		)
Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance (1)	(1,435		)	—			(1,435		)
Total periodic defined benefit pension cost and other charges to accumulated other comprehensive income (loss)	$	(2,016	)	$	(1,066	)	$	(3,082	)

________________________________________________________________________

(1)



	Year Ended January 28, 2017
	SERP			Foreign Pension Plans			Total
Service cost	$	—		$	1,544		$	1,544
Interest cost	1,839			87			1,926
Expected return on plan assets	—			(185		)	(185		)
Net amortization of unrecognized prior service credit	—			(28		)	(28		)
Net amortization of actuarial losses	155			186			341
Net periodic defined benefit pension cost	$	1,994		$	1,604		$	3,598
Unrecognized prior service credit charged to comprehensive income (loss)	$	—		$	(28	)	$	(28	)
Unrecognized net actuarial loss charged to comprehensive income (loss)	155			186			341
Net actuarial gains (losses)	63			(1,248		)	(1,185		)
Foreign currency and other adjustments	—			(72		)	(72		)
Related tax impact	(84		)	105			21
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss) and accumulated other comprehensive income (loss)	$	134		$	(1,057	)	$	(923	)



	Year Ended January 30, 2016
	SERP			Foreign Pension Plans			Total
Service cost	$	—		$	1,622		$	1,622
Interest cost	1,986			69			2,055
Expected return on plan assets	—			(142		)	(142		)
Net amortization of unrecognized prior service credit	(97		)	—			(97		)
Net amortization of actuarial losses	740			184			924
Curtailment gain	(1,651		)	—			(1,651		)
Net periodic defined benefit pension cost	$	978		$	1,733		$	2,711
Unrecognized prior service credit charged to comprehensive income (loss)	$	(97	)	$	—		$	(97	)
Unrecognized net actuarial loss charged to comprehensive income (loss)	740			184			924
Curtailment gain	(1,651		)	—			(1,651		)
Net actuarial gains (losses)	8,707			(341		)	8,366
Plan amendment	—			167			167
Foreign currency and other adjustments	—			274			274
Related tax impact	(2,945		)	(27		)	(2,972		)
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss) and accumulated other comprehensive income (loss)	$	4,754		$	257		$	5,011

Schedule of accumulated other comprehensive income (loss), before tax, that have not yet been recognized in net periodic defined benefit pension cost



	Feb 3, 2018								Jan 28, 2017
	SERP		Foreign Pension Plans			Total			SERP		Foreign Pension Plans			Total
Unrecognized prior service credit	$	—	$	(113	)	$	(113	)	$	—	$	(140	)	$	(140	)
Unrecognized net actuarial loss	9,454		4,889			14,343			8,513		3,775			12,288
Total included in accumulated other comprehensive loss	$	9,454	$	4,776		$	14,230		$	8,513	$	3,635		$	12,148

Schedule of the funded status of the Company's defined benefit plans and the amounts recognized in the Company's consolidated balance sheets

The following table summarizes the funded status of the Company’s defined benefit plans and the amounts recognized in the Company’s consolidated balance sheets (in thousands):



	February 3, 2018									Jan 28, 2017
	SERP			Foreign Pension Plans			Total			SERP			Foreign Pension Plans			Total
Projected benefit obligation	$	(54,760	)	$	(26,409	)	$	(81,169	)	$	(53,521	)	$	(19,986	)	$	(73,507	)
Plan assets at fair value (1)	—			21,437			21,437			—			16,305			16,305
Net liability (2)	$	(54,760	)	$	(4,972	)	$	(59,732	)	$	(53,521	)	$	(3,681	)	$	(57,202	)

________________________________________________________________________


(1)	The SERP is a non-qualified pension plan and hence the insurance policies are not considered to be plan assets. Accordingly, the table above does not include the insurance policies with cash surrender values of $64.5 million and $58.6 million as of February 3, 2018 and January 28, 2017, respectively.


(2)	The net liability was included in accrued expenses and other long-term liabilities in the Company’s consolidated balance sheets depending on the expected timing of payments.

Schedule of reconciliation of the changes in the projected benefit obligation

A reconciliation of the changes in the projected benefit obligation for fiscal 2018 and fiscal 2017 is as follows (in thousands):



	Projected Benefit Obligation
	SERP			Foreign Pension Plans			Total
Balance at January 30, 2016	$	53,443		$	17,577		$	71,020
Service cost	—			1,544			1,544
Interest cost	1,839			87			1,926
Actuarial (gains) losses	(63		)	1,067			1,004
Contributions by plan participants	—			1,805			1,805
Payments	(1,698		)	(2,416		)	(4,114		)
Foreign currency and other adjustments	—			322			322
Balance at January 28, 2017	$	53,521		$	19,986		$	73,507
Service cost	—			2,500			2,500
Interest cost	1,844			147			1,991
Actuarial (gains) losses	1,092			1,156			2,248
Contributions by plan participants	—			2,315			2,315
Payments	(1,697		)	(1,373		)	(3,070		)
Foreign currency and other adjustments	—			1,678			1,678
Balance at February 3, 2018	$	54,760		$	26,409		$	81,169

Schedule of reconciliation of the changes in plan assets for the Foreign Pension Plans

A reconciliation of the changes in plan assets for the Foreign Pension Plans for fiscal 2018 and fiscal 2017 is as follows (in thousands):



	Plan Assets
Balance at January 30, 2016	$	14,859
Actual return on plan assets	4
Contributions by employer	1,779
Contributions by plan participants	1,805
Payments	(2,416		)
Foreign currency and other adjustments	274
Balance at January 28, 2017	$	16,305
Actual return on plan assets	244
Contributions by employer	2,575
Contributions by plan participants	2,315
Payments	(1,373		)
Foreign currency and other adjustments	1,371
Balance at February 3, 2018	$	21,437

Commitments and Contingencies (Tables)

12 Months Ended

Feb. 03, 2018

Commitments and Contingencies Disclosure [Abstract]

Future minimum property and equipment payments under capital leases and non-cancelable operating leases

Future minimum property and equipment lease payments under capital leases and non-cancelable operating leases as of February 3, 2018 are as follows (in thousands):



				Operating Leases
	Capital Lease			Non-Related Parties		Related Parties		Total
Fiscal 2019	$	2,940		$	196,321	$	4,757	$	204,018
Fiscal 2020	2,945			174,521		4,420		181,886
Fiscal 2021	2,934			148,255		2,024		153,213
Fiscal 2022	2,716			124,562		—		127,278
Fiscal 2023	2,590			100,162		—		102,752
Thereafter	10,859			229,880		—		240,739
Total minimum lease payments	$	24,984		$	973,701	$	11,201	$	1,009,886
Less interest	(6,395		)
Capital lease obligations	$	18,589
Less current portion	(1,594		)
Long-term capital lease obligations	$	16,995

Schedule of reconciliation of the total carrying amount of redeemable noncontrolling interests

A reconciliation of the total carrying amount of redeemable noncontrolling interests for fiscal 2018 and fiscal 2017 is as follows (in thousands):



	Year Ended		Year Ended
	Feb 3, 2018		Jan 28, 2017
Beginning balance	$	4,452	$	5,252
Foreign currency translation adjustment	187		818
Purchase of redeemable noncontrolling interest	—		(4,445		)
Noncontrolling interest capital contribution	951		2,157
Redeemable noncontrolling interest redemption value adjustment	—		670
Ending balance	$	5,590	$	4,452

Quarterly Information (Unaudited) (Tables)

12 Months Ended

Feb. 03, 2018

Quarterly Financial Information Disclosure [Abstract]

Summary of the unaudited quarterly financial information

The following is a summary of the unaudited quarterly financial information for fiscal 2018 and fiscal 2017 (in thousands, except per share data):



	Quarterly Periods Ended (1)
Year Ended February 3, 2018	Apr 29, 2017			Jul 29, 2017		Oct 28, 2017			Feb 3, 2018
Net revenue (2)	$	454,345		$	568,292	$	548,953		$	792,164
Gross profit	144,642			198,027		191,109			295,070
Net earnings (loss)	(21,227		)	15,881		(1,662		)	3,107
Net earnings (loss) attributable to Guess?, Inc.	(21,293		)	15,219		(2,860		)	1,040
Net earnings (loss) per common share attributable to common stockholders: (3) (4) (5) (6)
Basic	$	(0.26	)	$	0.18	$	(0.04	)	$	0.01
Diluted	$	(0.26	)	$	0.18	$	(0.04	)	$	0.01



	Quarterly Periods Ended (1)
Year Ended January 28, 2017	Apr 30, 2016			Jul 30, 2016		Oct 29, 2016		Jan 28, 2017
Net revenue (2)	$	444,061		$	540,412	$	531,976	$	674,004
Gross profit	142,759			185,632		180,242		236,407
Net earnings	(25,154		)	32,167		9,729		8,656
Net earnings attributable to Guess?, Inc.	(25,178		)	32,269		9,103		6,567
Net earnings per common share attributable to common stockholders: (3) (4) (5) (7) (8) (9)
Basic	$	(0.30	)	$	0.38	$	0.11	$	0.08
Diluted	$	(0.30	)	$	0.38	$	0.11	$	0.08

_________________________________________________________________________


(1)	All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 3, 2018 which consisted of 14 weeks.

(2)


(3)	Per common share amounts for the quarters and full years have been calculated separately. Accordingly, quarterly amounts may not add to the annual amount because of differences in the average common shares outstanding during each period.

(4)

(5)

(6)


(7)	During fiscal 2017, the Company recorded restructuring charges of $6.1 million and a related estimated exit tax charge of approximately $1.9 million. The restructuring charges and related estimated exit tax charge were recorded during the three months ended April 30, 2016. Refer to Note 9 for further detail regarding these charges.


(8)	During fiscal 2017, the Company sold its minority interest equity holding in a privately-held boutique apparel company for net proceeds of approximately $34.8 million, which resulted in a gain of approximately $22.3 million which was recorded in other income. The gain was recorded during the three months ended July 30, 2016.

(9)

Segment Information (Tables)

12 Months Ended

Feb. 03, 2018

Segment Reporting [Abstract]

Summary of net revenue, earnings (loss) from operations, capital expenditures and total assets by segment

Segment information is summarized as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 3, 2018 (1)			Jan 28, 2017 (1)			Jan 30, 2016 (1)
Net revenue:
Americas Retail	$	833,077		$	935,479		$	981,942
Americas Wholesale (2)	150,366			146,260			155,594
Europe (2)	998,657			788,194			722,877
Asia (2)	308,899			248,601			240,041
Licensing (3)	72,755			71,919			84,041
Total net revenue (3)	$	2,363,754		$	2,190,453		$	2,184,495
Earnings (loss) from operations:
Americas Retail (2)	$	(17,301	)	$	(22,816	)	$	18,414
Americas Wholesale (2)	25,161			24,190			29,579
Europe (2)	87,376			56,961			53,673
Asia (2)	14,116			(2,381		)	10,309
Licensing (2)	78,102			80,386			92,189
Total segment earnings from operations	187,454			136,340			204,164
Corporate overhead (2)	(102,429		)	(73,859		)	(82,864		)
Net gains (losses) on lease terminations (2) (4)	(11,373		)	695			2,337
Asset impairment charges (2) (5)	(8,479		)	(34,385		)	(2,287		)
Restructuring charges (6)	—			(6,083		)	—
Total earnings from operations	$	65,173		$	22,708		$	121,350
Capital expenditures:
Americas Retail	$	16,899		$	25,881		$	26,384
Americas Wholesale	1,303			3,320			2,854
Europe	46,419			42,080			13,869
Asia	12,111			13,869			6,265
Licensing	—			20			27
Corporate overhead	7,923			5,411			34,445
Total capital expenditures	$	84,655		$	90,581		$	83,844



	Feb 3, 2018		Jan 28, 2017
Total assets:
Americas Retail	$	192,917	$	240,857
Americas Wholesale	181,548		175,136
Europe	850,886		723,251
Asia	242,232		182,405
Licensing	6,255		19,442
Corporate overhead	181,796		193,395
Total assets	$	1,655,634	$	1,534,485

_________________________________________________________________________


(1)	The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018.

(2)


(3)	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation. This reclassification had no impact on previously reported earnings from operations.

(4)


(5)	During each of the years presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. Refer to Note 5 for more information regarding these asset impairment charges.


(6)	Restructuring charges incurred during fiscal 2017 related to plans to better align the Company’s global cost and organizational structure with its current strategic initiatives. Refer to Note 9 for more information regarding these restructuring charges.

Summary of net revenue and long-lived assets by country



	Year Ended		Year Ended		Year Ended
	Feb 3, 2018		Jan 28, 2017 (1)		Jan 30, 2016 (1)
Net revenue:
U.S.	$	742,620	$	836,954	$	892,056
Italy	289,299		257,542		245,451
Canada	203,965		220,720		222,470
South Korea	156,101		157,503		162,200
Other foreign countries	971,769		717,734		662,318
Total net revenue	$	2,363,754	$	2,190,453	$	2,184,495



	Feb 3, 2018		Jan 28, 2017
Long-lived assets:
U.S.	$	109,943	$	115,728
Italy	34,884		31,013
Canada	18,845		13,690
South Korea	9,584		8,664
Other foreign countries	187,214		132,921
Total long-lived assets	$	360,470	$	302,016

_________________________________________________________________________


(1)	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.

Earnings (Loss) Per Share (Tables)

12 Months Ended

Feb. 03, 2018

Earnings Per Share [Abstract]

Computation of basic and diluted net earnings (loss) per common share attributable to common stockholders

The computation of basic and diluted net earnings (loss) per common share attributable to common stockholders is as follows (in thousands, except per share data):



	Year Ended			Year Ended		Year Ended
	Feb 3, 2018			Jan 28, 2017		Jan 30, 2016
Net earnings (loss) attributable to Guess?, Inc.	$	(7,894	)	$	22,761	$	81,851
Less net earnings attributable to nonvested restricted stockholders	764			527		532
Net earnings (loss) attributable to common stockholders	$	(8,658	)	$	22,234	$	81,319

Weighted average common shares used in basic computations	82,189			83,666		84,264
Effect of dilutive securities:
Stock options and restricted stock units (1)	—			163		261
Weighted average common shares used in diluted computations	82,189			83,829		84,525
Net earnings (loss) per common share attributable to common stockholders:
Basic	$	(0.11	)	$	0.27	$	0.97
Diluted	$	(0.11	)	$	0.27	$	0.96

_________________________________________________________________________


(1)	For fiscal 2018, there were 652,494 potentially dilutive shares that were not included in the computation of diluted weighted average common shares and common equivalent shares outstanding because their effect would have been antidilutive given the Company’s net loss.

Share-Based Compensation (Tables)

12 Months Ended

Feb. 03, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of share-based compensation expense recognized under all of the Company's stock plans

The following table summarizes the share-based compensation expense recognized under all of the Company’s stock plans during fiscal 2018, fiscal 2017 and fiscal 2016 (in thousands):



	Year Ended		Year Ended		Year Ended
	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Stock options	$	2,345	$	2,219	$	2,113
Stock awards/units	16,347		14,544		16,604
ESPP	160		145		163
Total share-based compensation expense	$	18,852	$	16,908	$	18,880

Schedule of stock option activity under all of the Company's stock plans

The following table summarizes the stock option activity under all of the Company’s stock plans during fiscal 2018:



	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value ($000’s)
Options outstanding at January 28, 2017	2,857,012		$	24.30
Granted	1,283,175		11.22
Exercised	(123,775	)	11.22
Forfeited	(88,625	)	25.39
Expired	(15,375	)	41.14
Options outstanding at February 3, 2018	3,912,412		$	20.33	4.79	$	3,930
Exercisable at February 3, 2018	2,232,456		$	24.56	6.52	$	668
Options exercisable and expected to vest at February 3, 2018	3,912,412		$	20.33	4.79	$	3,930

Schedule of weighted average assumptions used for stock option grants



	Year Ended		Year Ended		Year Ended
Valuation Assumptions	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Risk-free interest rate	1.5	%	1.0	%	1.0	%
Expected stock price volatility	37.1	%	35.4	%	36.7	%
Expected dividend yield	8.0	%	4.8	%	4.7	%
Expected life of stock options (in years)	4.4		4.2		3.8

Schedule of nonvested stock awards/units activity under all of the Company's stock plans

The following table summarizes the nonvested stock awards/units activity under all of the Company’s stock plans during fiscal 2018:



	Number of Awards/Units		Weighted Average Grant Date Fair Value
Nonvested at January 28, 2017	1,686,204		$	18.80
Granted	1,969,619		11.41
Vested	(1,052,796	)	17.52
Forfeited	(138,461	)	14.94
Nonvested at February 3, 2018	2,464,566		$	13.66

Schedule of activity for nonvested performance-based units and nonvested market-based units

The following table summarizes the activity for nonvested performance-based units and nonvested market-based units included in the table above during fiscal 2018:



	Performance-Based Units				Market-Based Units
	Number of Units		Weighted Average Grant Date Fair Value		Number of Units		Weighted Average Grant Date Fair Value
Nonvested at January 28, 2017	787,849		$	19.17	323,825		$	16.63
Granted	818,416		11.17		309,118		12.03
Vested	(290,645	)	19.85		(244,466	)	17.72
Forfeited	(14,699	)	16.60		—		—
Nonvested at February 3, 2018	1,300,921		$	14.01	388,477		$	12.28

Schedule of assumptions used for market-based nonvested stock units



	Year Ended		Year Ended		Year Ended
Valuation Assumptions	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Risk-free interest rate	1.4	%	0.9	%	0.9	%
Expected stock price volatility	39.7	%	36.2	%	38.6	%
Expected dividend yield	—	%	—	%	—	%
Expected life of market-based awards (in years)	2.8		2.8		2.8

Schedule of weighted average assumptions used for ESPP



	Year Ended		Year Ended		Year Ended
Valuation Assumptions	Feb 3, 2018		Jan 28, 2017		Jan 30, 2016
Risk-free interest rate	1.0	%	0.3	%	0.1	%
Expected stock price volatility	45.8	%	41.1	%	34.9	%
Expected dividend yield	7.6	%	6.2	%	4.7	%
Expected life of ESPP options (in months)	3		3		3

Fair Value Measurements (Tables)

12 Months Ended

Feb. 03, 2018

Fair Value Disclosures [Abstract]

Schedule of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of February 3, 2018 and January 28, 2017 (in thousands):



	Fair Value Measurements at Feb 3, 2018								Fair Value Measurements at Jan 28, 2017
Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Foreign exchange currency contracts	$	—	$	51	$	—	$	51	$	—	$	9,868	$	—	$	9,868
Interest rate swap	—		1,460		—		1,460		—		876		—		$	876
Total	$	—	$	1,511	$	—	$	1,511	$	—	$	10,744	$	—	$	10,744
Liabilities:
Foreign exchange currency contracts	$	—	$	18,089	$	—	$	18,089	$	—	$	1,424	$	—	$	1,424
Deferred compensation obligations	—		13,476		—		13,476		—		11,184		—		11,184
Total	$	—	$	31,565	$	—	$	31,565	$	—	$	12,608	$	—	$	12,608

Derivative Financial Instruments (Tables)

12 Months Ended

Feb. 03, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair value of derivative instruments in the consolidated balance sheets

The fair value of derivative instruments in the consolidated balance sheets as of February 3, 2018 and January 28, 2017 is as follows (in thousands):



	Derivative Balance Sheet Location	Fair Value at Feb 3, 2018		Fair Value at Jan 28, 2017
ASSETS:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	Other current assets/ Other assets	$	41	$	6,072
Interest rate swap	Other assets	1,460		876
Total derivatives designated as hedging instruments		1,501		6,948
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other current assets/ Other assets	10		3,796
Total		$	1,511	$	10,744
LIABILITIES:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	Accrued expenses/ Other long-term liabilities	$	13,789	$	1,250
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Accrued expenses	4,300		174
Total		$	18,089	$	1,424

Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in accumulated other comprehensive income (loss) and net earnings (loss)



	Gain (Loss) Recognized in OCI			Location of Gain (Loss) Reclassified from Accumulated OCI into Loss (1)	Gain (Loss) Reclassified from Accumulated OCI into Loss			Loss Reclassified from Accumulated OCI to Retained Earnings (2)
	Year Ended Feb 3, 2018				Year Ended Feb 3, 2018			Year Ended Feb 3, 2018
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	(22,497	)	Cost of product sales	$	14		$	—
Foreign exchange currency contracts	$	(1,163	)	Other income/expense	$	(583	)	$	—
Interest rate swap	$	272		Interest expense	$	(87	)	$	(225	)



	Gain Recognized in OCI		Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (1)	Gain (Loss) Reclassified from Accumulated OCI into Earnings
	Year Ended Jan 28, 2017			Year Ended Jan 28, 2017
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	—	Cost of product sales	$	3,518
Foreign exchange currency contracts	$	227	Other income/expense	$	301
Interest rate swap	$	660	Interest expense	$	(216	)



	Gain Recognized in OCI		Location of Gain Reclassified from Accumulated OCI into Earnings (1)	Gain Reclassified from Accumulated OCI into Earnings
	Year Ended Jan 30, 2016			Year Ended Jan 30, 2016
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	9,301	Cost of product sales	$	8,314
Foreign exchange currency contracts	$	500	Other income/expense	$	833

________________________________________________________________________


(1)	The Company recognized gains of $2.7 million, $0.9 million and $0.1 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during fiscal 2018, fiscal 2017 and fiscal 2016, respectively. There was no ineffectiveness recognized related to the interest rate swap during fiscal 2018 and fiscal 2017.

Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss)

The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):



	Year Ended Feb 3, 2018			Year Ended Jan 28, 2017
Beginning balance gain	$	5,400		$	7,252
Net gains (losses) from changes in cash flow hedges	(20,408		)	1,059
Net (gains) losses reclassified to earnings (loss)	414			(2,911		)
Net losses reclassified to retained earnings (1)	225			—
Ending balance gain (loss)	$	(14,369	)	$	5,400

Summary of gains (loss) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense



	Location of Gain (Loss) Recognized in Earnings (Loss)	Gain (Loss) Recognized in Earnings (Loss)
	Location of Gain (Loss) Recognized in Earnings (Loss)	Year Ended Feb 3, 2018			Year Ended Jan 28, 2017		Year Ended Jan 30, 2016
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other income/expense	$	(10,511	)	$	2,427	$	4,346
Interest rate swap	Other income/expense	$	—		$	38	$	179

Description of the Business and Summary of Significant Accounting Policies and Practices (Details 1) $ in Millions	3 Months Ended								12 Months Ended
	Feb. 03, 2018	Oct. 28, 2017 USD ($)	Jul. 29, 2017 USD ($)	Apr. 29, 2017 USD ($)	Jan. 28, 2017 USD ($)	Oct. 29, 2016 USD ($)	Jul. 30, 2016 USD ($)	Apr. 30, 2016 USD ($)	Feb. 02, 2019	Feb. 03, 2018 USD ($) segment	Jan. 28, 2017 USD ($)	Jan. 30, 2016 USD ($)
Fiscal Year
Number of days in fiscal period	98 days	91 days	91 days	91 days	91 days	91 days	91 days	91 days		371 days	364 days	364 days
Business Segment Reporting
Number of reportable segments \| segment										5
Advertising and Marketing Costs
Advertising and marketing expenses										$ 36.3	$ 37.1	$ 31.6
Cash and Cash Equivalents
Marketable securities maximum original maturity period to be considered cash equivalent (in months)										3 months
Long-Lived Assets
Period of time new regular retail locations in penetrated markets would need to be opened to be considered for impairment										1 year
Forecast
Fiscal Year
Number of days in fiscal period									364 days
Minimum
Fiscal Year
Number of days in fiscal period										364 days
Maximum
Fiscal Year
Number of days in fiscal period										371 days
Net revenue
Correction of Immaterial Error
Prior period reclassification adjustment		$ (5.2)	$ (5.4)	$ (4.2)	$ (5.3)	$ (4.3)	$ (4.5)	$ (4.8)			(18.9)	(19.8)
Cost of product sales
Correction of Immaterial Error
Prior period reclassification adjustment											$ 18.9	$ 19.8

Description of the Business and Summary of Significant Accounting Policies and Practices (Details 2) $ in Thousands	12 Months Ended
	Feb. 03, 2018 USD ($) subsidiary	Jan. 28, 2017 USD ($)	Jan. 30, 2016 USD ($)
Net Royalty Revenue
Deferred royalties, current	$ 7,273	$ 7,891
Gift Cards
Number of subsidiaries that issue gift cards \| subsidiary	1
Revenue recognition of gift card breakage	$ 700	800	$ 500
Loyalty Programs
Expiration period of unredeemed points (in months)	6 months
Expiration period of unredeemed awards (in months)	2 months
U.S. retail business
Gift Cards
Gift card breakage rate (as a percent)	6.10%
Canadian retail business
Gift Cards
Gift card breakage rate (as a percent)	5.10%
Accrued expenses
Loyalty Programs
Aggregate dollar value of the loyalty program accruals included in accrued expenses	$ 3,800	4,000
Deferred royalties \| Accrued expenses
Net Royalty Revenue
Deferred royalties, current	6,800	6,100
Deferred royalties \| Other long-term liabilities
Net Royalty Revenue
Deferred royalties, noncurrent	$ 12,800	$ 16,400

Description of the Business and Summary of Significant Accounting Policies and Practices (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016	Jan. 31, 2015
Foreign Currency
Foreign currency translation adjustment	$ 93,416	$ (2,632)	$ (37,744)
Accumulated foreign currency translation loss	933,475	980,994	1,031,293	$ 1,089,446
Net foreign currency transaction gains (losses)	(5,900)	3,600	$ 10,000
Accumulated foreign currency translation adjustment
Foreign Currency
Foreign currency translation adjustment	93,400
Accumulated foreign currency translation loss	$ (71,300)	$ (164,700)

Description of the Business and Summary of Significant Accounting Policies and Practices (Details 5) - customer	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Concentration risk
Percentage of total accounts receivable that are subject to credit insurance coverage, certain bank guarantees or letters of credit for collection purposes	59.00%
Net revenue \| Customer Concentration Risk
Concentration risk
Number of wholesale customers that represent concentration of risk	2	2	2
Net revenue \| Customer Concentration Risk \| Two largest wholesale customers
Concentration risk
Percentage of consolidated net revenue accounted for by wholesale customers that represent concentration of risk	2.20%	2.70%	3.40%
Europe
Concentration risk
Percentage of total accounts receivable that are subject to credit insurance coverage, certain bank guarantees or letters of credit for collection purposes	72.00%

Description of the Business and Summary of Significant Accounting Policies and Practices (Details 6)	12 Months Ended
	Feb. 03, 2018
Purchased intangibles \| Minimum
Summary of Significant Accounting Policies
Purchased intangibles, useful life	4 years
Purchased intangibles \| Maximum
Summary of Significant Accounting Policies
Purchased intangibles, useful life	20 years
Building and building improvements \| Minimum
Summary of Significant Accounting Policies
Property and equipment, useful life	10 years
Building and building improvements \| Maximum
Summary of Significant Accounting Policies
Property and equipment, useful life	39 years
Land improvements
Summary of Significant Accounting Policies
Property and equipment, useful life	5 years
Furniture, fixtures and equipment \| Minimum
Summary of Significant Accounting Policies
Property and equipment, useful life	2 years
Furniture, fixtures and equipment \| Maximum
Summary of Significant Accounting Policies
Property and equipment, useful life	10 years

Description of the Business and Summary of Significant Accounting Policies and Practices (Details 7) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jul. 30, 2016	Jan. 28, 2017
Sale of minority interest equity holding in privately-held boutique apparel company
Net proceeds from sale of the Company's minority interest equity holding in a privately-held boutique apparel company	$ 34.8	$ 34.8
Other income/expense
Sale of minority interest equity holding in privately-held boutique apparel company
Gain from sale of the Company's minority interest equity holding in a privately-held boutique apparel company	$ 22.3	$ 22.3

Description of the Business and Summary of Significant Accounting Policies and Practices (Details 8) - USD ($)	3 Months Ended								12 Months Ended
	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Net (gains) losses on lease terminations
Net (gains) losses on lease terminations	$ (100,000)	$ 11,500,000	$ 0	$ 0	$ 0	$ 0	$ (600,000)	$ (100,000)	$ 11,373,000	$ (695,000)	$ (2,337,000)
Europe
Net (gains) losses on lease terminations
Net (gains) losses on lease terminations									(1,000,000)	$ (695,000)	$ (2,337,000)
Lease modification with a common landlord \| North America
Net (gains) losses on lease terminations
Upfront payment related to lease modification									22,000,000
Net (gains) losses on lease terminations									12,000,000
Advanced rent payments	$ 10,000,000								$ 10,000,000

New Accounting Guidance (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Feb. 03, 2018

^[2]

Oct. 28, 2017

^[2]

Jul. 29, 2017

^[2]

Apr. 29, 2017

Jan. 28, 2017

^[2]

Oct. 29, 2016

^[2]

Jul. 30, 2016

^[2]

Apr. 30, 2016

^[2]

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Negative impact on net loss attributable to Guess, Inc. from tax shortfalls

^[1]

$ 74,172

$ 28,212

$ 42,464

$ (1,040)

$ 2,860

$ (15,219)

$ 21,293

^[2]

$ (6,567)

$ (9,103)

$ (32,269)

$ 25,178

$ 7,894

$ (22,761)

$ (81,851)

Unfavorable impact on basic loss per share

$ 0.01

^{[3],[4],[5],[6]}

$ (0.04)

^{[3],[4],[5],[6]}

$ 0.18

^{[3],[4],[5],[6]}

$ (0.26)

^{[2],[3],[4],[5],[6]}

$ 0.08

^{[3],[5],[6],[7],[8],[9]}

$ 0.11

^{[3],[5],[6],[7],[8],[9]}

$ 0.38

^{[3],[5],[6],[7],[8],[9]}

$ (0.30)

^{[3],[5],[6],[7],[8],[9]}

$ (0.11)

$ 0.27

$ 0.97

Unfavorable impact on diluted loss per share from tax shortfalls

$ 0.01

^{[3],[4],[5],[6]}

$ (0.04)

^{[3],[4],[5],[6]}

$ 0.18

^{[3],[4],[5],[6]}

$ (0.26)

^{[2],[3],[4],[5],[6]}

$ 0.08

^{[3],[5],[6],[7],[8],[9]}

$ 0.11

^{[3],[5],[6],[7],[8],[9]}

$ 0.38

^{[3],[5],[6],[7],[8],[9]}

$ (0.30)

^{[3],[5],[6],[7],[8],[9]}

$ (0.11)

$ 0.27

$ 0.96

Increase in operating cash flows from reclass of excess tax benefits

$ 148,370

$ 71,740

$ 179,668

Decrease in financing cash flow from reclass of excess tax benefits

(128,737)

(69,034)

(127,979)

Cumulative adjustment reclassified to retained earnings from adoption of ASU 2018-02

^[10]

(1,210)

Accounting Standards Update 2016-09

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Negative impact on net loss attributable to Guess, Inc. from tax shortfalls

1,309

$ 1,309

Unfavorable impact on basic loss per share

$ (0.02)

Unfavorable impact on diluted loss per share from tax shortfalls

$ (0.02)

Increase in operating cash flows from reclass of excess tax benefits

300

200

Decrease in financing cash flow from reclass of excess tax benefits

$ (300)

$ (200)

Retained Earnings | Accounting Standards Update 2016-09

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

$ (268)

Retained Earnings | Accounting Standards Update 2018-02

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Cumulative adjustment reclassified to retained earnings from adoption of ASU 2018-02

$ 1,210

[1]	During fiscal 2018, the Company adopted authoritative guidance which requires all income tax effects of stock awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity. As a result, the Company recorded tax shortfalls of approximately $1.3 million in the Company’s income tax expense during fiscal 2018.
[2]	All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 3, 2018 which consisted of 14 weeks.
[3]	During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. The Company recorded asset impairment charges of $2.8 million, $1.2 million, $2.0 million and $2.5 million, respectively, during the first, second, third and fourth quarters of fiscal 2018. The Company also recorded asset impairment charges of $0.2 million, $0.5 million, $0.8 million and $32.9 million, respectively, during the first, second, third and fourth quarters of fiscal 2017. Refer to Note 5 for further detail regarding asset impairment charges.
[4]	During fiscal 2018, the Company recognized additional tax expense of $47.9 million related to the enactment of the Tax Reform. This is comprised of a $24.9 million charge for the provisional re-measurement of certain deferred taxes and related amounts and a provisional charge of $23.0 million to income tax expense for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings. These charges were recorded during the fourth quarter of fiscal 2018. Refer to Note 11 for further detail.
[5]	Per common share amounts for the quarters and full years have been calculated separately. Accordingly, quarterly amounts may not add to the annual amount because of differences in the average common shares outstanding during each period.
[6]	The Company recorded net gains (losses) on lease terminations of $(11.5) million and $0.1 million during the third and fourth quarters of fiscal 2018, respectively. There were no net gains (losses) on lease terminations recognized during the first or second quarters of fiscal 2018. During the first and second quarters of fiscal 2017, the Company recorded net gains on lease terminations of $0.1 million and $0.6 million, respectively. There were no net gains (losses) on lease terminations recognized during the third or fourth quarters of fiscal 2017. Refer to Note 1 for further information regarding net gains (losses) on lease terminations.
[7]	During fiscal 2017, the Company recorded restructuring charges of $6.1 million and a related estimated exit tax charge of approximately $1.9 million. The restructuring charges and related estimated exit tax charge were recorded during the three months ended April 30, 2016. Refer to Note 9 for further detail regarding these charges.
[8]	During fiscal 2017, the Company recorded valuation reserves of $6.8 million resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets. The Company recorded the valuation reserve during the three months ended January 28, 2017. Refer to Note 11 for further detail.
[9]	During fiscal 2017, the Company sold its minority interest equity holding in a privately-held boutique apparel company for net proceeds of approximately $34.8 million, which resulted in a gain of approximately $22.3 million which was recorded in other income. The gain was recorded during the three months ended July 30, 2016.
[10]	During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to increase retained earnings by $1.2 million with a corresponding reduction to accumulated other comprehensive income (loss) related to the Company’s Supplemental Executive Retirement Plan and its interest rate swap designated as a cash flow hedge based in the U.S.

Accounts Receivable (Details) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017
Accounts receivable
Accounts receivable, gross	$ 309,215	$ 260,459
Less allowances	49,219	34,922
Accounts receivable, net	259,996	225,537
Trade receivables
Accounts receivable
Accounts receivable, gross	290,478	234,690
Royalty receivables
Accounts receivable
Accounts receivable, gross	5,504	19,881
Other receivables
Accounts receivable
Accounts receivable, gross	$ 13,233	$ 5,888

Inventories (Details) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 604	$ 799
Work in progress	16	78
Finished goods	427,684	366,504
Inventories	428,304	367,381
Allowance to write down inventories to the lower of cost or net realizable value	$ 29,900	$ 19,400

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Jan. 30, 2016	Feb. 03, 2018	Jan. 28, 2017
Property and equipment
Property and equipment, gross		$ 859,777	$ 784,723
Less accumulated depreciation and amortization		565,523	541,718
Property and equipment, net		294,254	243,005
Land and land improvements
Property and equipment
Property and equipment, gross		2,750	2,750
Building and building improvements
Property and equipment
Property and equipment, gross		51,285	47,673
Leasehold improvements
Property and equipment
Property and equipment, gross		380,234	367,294
Furniture, fixtures and equipment
Property and equipment
Property and equipment, gross		389,393	353,843
Construction in progress
Property and equipment
Property and equipment, gross		16,555	13,163
Assets under capital leases
Property and equipment
Property and equipment, gross		19,560	$ 0
Less accumulated depreciation and amortization		$ 900
U.S. \| U.S. distribution center
Property and equipment
Payments to acquire the Company's U.S. distribution center	$ 28,800

Property and Equipment (Details 2) $ in Thousands	3 Months Ended								12 Months Ended
Property and Equipment (Details 2) $ in Thousands	Feb. 03, 2018 USD ($)	Oct. 28, 2017 USD ($)	Jul. 29, 2017 USD ($)	Apr. 29, 2017 USD ($)	Jan. 28, 2017 USD ($)	Oct. 29, 2016 USD ($)	Jul. 30, 2016 USD ($)	Apr. 30, 2016 USD ($)	Feb. 03, 2018 USD ($) retail_location	Jan. 28, 2017 USD ($) retail_location	Jan. 30, 2016 USD ($)
Impairment to long-lived assets
Aggregate carrying value of long-lived assets impaired	$ 8,728				$ 36,103				$ 8,728	$ 36,103
Less impairment charges	2,500	$ 2,000	$ 1,200	$ 2,800	32,900	$ 800	$ 500	$ 200	8,479	34,385	$ 2,287
Aggregate remaining fair value of long-lived assets impaired	$ 249				$ 1,718				$ 249	$ 1,718
Number of retail locations tested for impairment \| retail_location									233	255
Number of retail locations impaired \| retail_location									99	148
Retail locations \| North America
Impairment to long-lived assets
Less impairment charges									$ 8,479	$ 34,385	$ 2,287

Goodwill and Intangible Assets (Details)	12 Months Ended
Goodwill and Intangible Assets (Details)	Feb. 03, 2018 USD ($) retail_location licensee	Jan. 28, 2017 USD ($) retail_location licensee
Goodwill
Goodwill at the beginning of the period	$ 34,100,000	$ 33,412,000
Adjustments:
Acquisition	566,000	933,000
Translation adjustments	3,815,000	(245,000)
Goodwill at the end of the period	38,481,000	34,100,000
Accumulated impairment related to goodwill	0
Other intangible assets
Gross intangible assets	33,600,000	29,700,000
Accumulated amortization of intangible assets with finite useful lives	27,600,000	23,200,000
Amortization expense over the next five years
Fiscal 2019	1,200,000
Fiscal 2020	1,000,000
Fiscal 2021	900,000
Fiscal 2022	800,000
Fiscal 2023	700,000
Americas Retail
Goodwill
Goodwill at the beginning of the period	1,729,000	1,693,000
Adjustments:
Acquisition	0	0
Translation adjustments	36,000	36,000
Goodwill at the end of the period	1,765,000	1,729,000
Americas Wholesale
Goodwill
Goodwill at the beginning of the period	9,966,000	9,960,000
Adjustments:
Acquisition	0	0
Translation adjustments	6,000	6,000
Goodwill at the end of the period	9,972,000	9,966,000
Europe
Goodwill
Goodwill at the beginning of the period	21,472,000	21,759,000
Adjustments:
Acquisition	0	0
Translation adjustments	3,653,000	(287,000)
Goodwill at the end of the period	25,125,000	21,472,000
Asia
Goodwill
Goodwill at the beginning of the period	933,000	0
Adjustments:
Acquisition	566,000	933,000
Translation adjustments	120,000	0
Goodwill at the end of the period	1,619,000	933,000
Asia \| Acquisition of retail location from the Company's licensees
Adjustments:
Acquisition	$ 566,000	$ 933,000
Number of retail locations acquired \| retail_location	14	12
Number of licensees that sold retail locations to the Company \| licensee	3	5

Accrued Expenses (Details) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017
Payables and Accruals [Abstract]
Accrued compensation and benefits	$ 73,815	$ 50,954
Sales and use taxes, property taxes and other indirect taxes	33,390	22,480
Derivative financial instruments	16,487	1,408
Professional and legal fees	14,281	7,982
Store credits, loyalty and gift cards	9,846	9,519
Advertising	9,677	7,746
Accrued rent	8,039	6,342
Deferred royalties and other revenue	7,273	7,891
Share repurchase	6,033	0
Income taxes	5,186	653
Construction costs	3,428	4,210
Retail sales returns allowance	2,917	2,723
Restructuring charges	0	180
Other	10,190	13,183
Total accrued expenses	$ 200,562	$ 135,271

Borrowings and Capital Lease Obligations (Details)			12 Months Ended
Borrowings and Capital Lease Obligations (Details)	Feb. 16, 2016 USD ($)	Jun. 23, 2015 USD ($)	Feb. 03, 2018 USD ($) facility	Jan. 28, 2017 USD ($)	Jan. 30, 2016 USD ($)	Feb. 01, 2016
Borrowings and capital lease obligations
Mortgage debt, maturing monthly through January 2026			$ 20,323,000	$ 20,889,000
Capital lease obligations			18,589,000	0
Other			3,129,000	3,159,000
Total debt and capital lease obligations			42,041,000	24,048,000
Less current installments			2,845,000	566,000
Long-term debt and capital lease obligations			39,196,000	23,482,000
Mortgage Debt
Debt issuance costs			89,000
Capital Lease Obligations
Capital lease obligations incurred			18,502,000	0	$ 0
Europe \| Foreign line of credit
Line of Credit Facility [Abstract]
Current borrowing capacity			87,500,000
Credit Facility, outstanding amount			$ 0
Number of credit facilities subject to minimum net equity requirement \| facility			1
Maximum borrowing capacity of the credit facility which is subject to a minimum net equity requirement			$ 43,600,000
Europe \| Foreign line of credit \| Minimum
Line of Credit Facility [Abstract]
Interest rate (as a percent)			0.50%
Europe \| Foreign line of credit \| Maximum
Line of Credit Facility [Abstract]
Interest rate (as a percent)			4.60%
Europe \| Documentary letters of credit \| Foreign line of credit
Line of Credit Facility [Abstract]
Letters of credit outstanding			$ 0
Cash flow hedges \| Interest rate swap \| Derivatives designated as hedging instruments
Borrowings and capital lease obligations
Fixed rate of interest rate swap derivative (as a percent)			3.06%
Mortgage debt \| Building \| U.S.
Borrowings and capital lease obligations
Mortgage debt, maturing monthly through January 2026	$ 21,500,000.0		$ 20,323,000	20,889,000
Debt maturity period (in years)	10 years
Mortgage Debt
Debt amortization period (in years)	25 years
Debt issuance costs			$ 89,000	100,000
Mortgage debt \| Building \| U.S. \| LIBOR
Mortgage Debt
Interest rate margin (as a percent)			1.50%
Mortgage debt \| Building \| U.S. \| Interest rate swap
Mortgage Debt
Fair value of cash flow hedge interest rate swap asset			$ 1,460,000	$ 876,000
Mortgage debt \| Building \| Cash flow hedges \| U.S. \| Interest rate swap \| Derivatives designated as hedging instruments
Borrowings and capital lease obligations
Fixed rate of interest rate swap derivative (as a percent)	3.06%		3.06%
Capital lease obligation \| Building \| Italy \| Interest rate swap \| Derivatives not designated as hedging instruments
Borrowings and capital lease obligations
Fixed rate of interest rate swap derivative (as a percent)						3.55%
Capital lease obligation \| Equipment \| Netherlands
Borrowings and capital lease obligations
Capital lease obligations			$ 17,300,000
Capital Lease Obligations
Capital lease obligations incurred			$ 17,000,000
Effective interest rate on capital lease obligation			6.00%
Capital lease obligation \| Computer hardware and software
Borrowings and capital lease obligations
Capital lease obligations			$ 1,300,000
Capital Lease Obligations
Capital lease obligations incurred			1,500,000
Credit Facility
Line of Credit Facility [Abstract]
Credit Facility, outstanding amount			$ 0
Percentage of borrowings exceeding borrowing base that require the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis			80.00%
Credit Facility \| Revolving Credit Facility
Borrowings and capital lease obligations
Debt maturity period (in years)		5 years
Line of Credit Facility [Abstract]
Maximum borrowing capacity		$ 150,000,000	$ 150,000,000
Current borrowing capacity			87,000,000
Credit Facility \| Accordion feature
Line of Credit Facility [Abstract]
Maximum borrowing capacity		150,000,000	$ 150,000,000
Credit Facility \| U.S. line of credit \| Base rate \| Minimum
Mortgage Debt
Interest rate margin (as a percent)			0.25%
Credit Facility \| U.S. line of credit \| Base rate \| Maximum
Mortgage Debt
Interest rate margin (as a percent)			0.75%
Credit Facility \| U.S. line of credit \| LIBOR
Line of Credit Facility [Abstract]
Interest rate margin added to respective base rate			1.00%
Credit Facility \| U.S. line of credit \| LIBOR \| Minimum
Mortgage Debt
Interest rate margin (as a percent)			1.25%
Credit Facility \| U.S. line of credit \| LIBOR \| Maximum
Mortgage Debt
Interest rate margin (as a percent)			1.75%
Credit Facility \| U.S. line of credit \| Federal funds rate
Line of Credit Facility [Abstract]
Interest rate margin added to respective base rate			0.50%
Credit Facility \| Standby letters of credit
Line of Credit Facility [Abstract]
Letters of credit outstanding			$ 1,000,000
Credit Facility \| Documentary letters of credit
Line of Credit Facility [Abstract]
Letters of credit outstanding			0
Credit Facility \| Canada \| Foreign line of credit
Line of Credit Facility [Abstract]
Maximum borrowing capacity		$ 50,000,000	$ 50,000,000
Credit Facility \| Canada \| Foreign line of credit \| Prime rate \| Minimum
Mortgage Debt
Interest rate margin (as a percent)			0.25%
Credit Facility \| Canada \| Foreign line of credit \| Prime rate \| Maximum
Mortgage Debt
Interest rate margin (as a percent)			0.75%
Credit Facility \| Canada \| Foreign line of credit \| Canadian BA rate
Line of Credit Facility [Abstract]
Interest rate margin added to respective base rate			1.00%
Credit Facility \| Canada \| Foreign line of credit \| Canadian BA rate \| Minimum
Mortgage Debt
Interest rate margin (as a percent)			1.25%
Credit Facility \| Canada \| Foreign line of credit \| Canadian BA rate \| Maximum
Mortgage Debt
Interest rate margin (as a percent)			1.75%
Credit Facility \| Canada \| Foreign line of credit \| Bank of Canada overnight rate
Line of Credit Facility [Abstract]
Interest rate margin added to respective base rate			0.50%

Borrowings and Capital Lease Obligations (Details 2) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017
Debt
Fiscal 2019	$ 1,361
Fiscal 2020	1,893
Fiscal 2021	1,725
Fiscal 2022	659
Fiscal 2023	682
Thereafter	17,221
Total principal payments	23,541
Less unamortized debt issuance costs	89
Total debt	23,452
Capital Lease
Fiscal 2019	1,594
Fiscal 2020	1,767
Fiscal 2021	1,923
Fiscal 2022	1,944
Fiscal 2023	1,895
Thereafter	9,466
Capital lease obligations	18,589	$ 0
Fiscal 2019	2,955
Fiscal 2020	3,660
Fiscal 2021	3,648
Fiscal 2022	2,603
Fiscal 2023	2,577
Thereafter	26,687
Total principal payments	42,130
Total debt and capital lease obligations	$ 42,041	$ 24,048

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Restructuring Charges (Details) - USD ($) $ in Thousands	Apr. 30, 2016	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Restructuring activity
Estimated exit tax charge	$ 1,911		$ 1,911
Restructuring reserve included in accrued expenses		$ 0	180
Restructuring reserve activity
Charges to operations	6,083	0	6,083	$ 0
Europe
Restructuring activity
Estimated exit tax charge			1,911
Accrued expenses
Restructuring activity
Restructuring reserve included in accrued expenses		0	180
Severance
Restructuring reserve activity
Beginning balance	$ 0	180	0
Charges to operations		0	6,083
Cash payments		(124)	(6,003)
Foreign currency and other adjustments		(56)	100
Ending balance		$ 0	$ 180	$ 0

Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Accumulated other comprehensive income (loss), net of tax

$ (161,389)

$ (158,054)

$ (127,065)

Reclassification to net earnings (loss) for (gains) losses realized

68,771

(679)

(22,683)

766

(2,656)

(8,306)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

69,537

(3,335)

(30,989)

^[1]

(1,210)

Foreign Currency Translation Adjustment

(93,062)

(161,389)

(158,054)

Accumulated other comprehensive income (loss), net of tax

(158,227)

(157,652)

(121,569)

Reclassification to net earnings (loss) for (gains) losses realized

91,178

(575)

(36,083)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

91,178

(575)

(36,083)

^[1]

Derivative Financial Instruments Designated as Cash Flow Hedges

(67,049)

(158,227)

(157,652)

Accumulated other comprehensive income (loss), net of tax

5,400

7,252

7,157

Reclassification to net earnings (loss) for (gains) losses realized

(20,408)

1,059

7,944

414

(2,911)

(7,849)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

(19,994)

(1,852)

^[1]

225

Accumulated other comprehensive income (loss), net of tax

(14,369)

5,400

7,252

Marketable Securities

(15)

(3)

Reclassification to net earnings (loss) for (gains) losses realized

(1)

(12)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

(12)

^[1]

(15)

Accumulated other comprehensive income (loss), net of tax

(8,562)

(7,639)

(12,650)

Reclassification to net earnings (loss) for (gains) losses realized

(1,999)

(1,162)

5,468

352

239

(457)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

(1,647)

(923)

5,011

^[1]

(1,435)

Accounting Standards Update 2018-02 | Retained Earnings

(11,644)

$ (8,562)

$ (7,639)

Accumulated other comprehensive income (loss), net of tax

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

$ 1,210

[1]

Comprehensive Income (Loss) (Details 2) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Feb. 03, 2018

^[2]

Oct. 28, 2017

^[2]

Jul. 29, 2017

^[2]

Apr. 29, 2017

^[2]

Jan. 28, 2017

^[2]

Oct. 29, 2016

^[2]

Jul. 30, 2016

^[2]

Apr. 30, 2016

^[2]

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

$ 1,534,906

$ 1,445,413

$ 1,397,065

(3,423)

(30,909)

(6,837)

2,431

1,897

1,953

^[1]

74,172

28,212

42,464

Reclassification to net earnings (loss) for (gains) losses realized

$ (1,040)

$ 2,860

$ (15,219)

$ 21,293

$ (6,567)

$ (9,103)

$ (32,269)

$ 25,178

7,894

(22,761)

(81,851)

766

(2,656)

(8,306)

Reclassifications out of accumulated other comprehensive income (loss)

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

Derivative Financial Instruments Designated as Cash Flow Hedges

766

(2,656)

(8,306)

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

Reclassification to net earnings (loss) for (gains) losses realized

414

(2,911)

(7,849)

Derivative Financial Instruments Designated as Cash Flow Hedges | Reclassifications out of accumulated other comprehensive income (loss)

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

(14)

(3,518)

(8,314)

583

(301)

(833)

216

(242)

692

1,298

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

414

(2,911)

(7,849)

Marketable Securities

Reclassification to net earnings (loss) for (gains) losses realized

Marketable Securities | Reclassifications out of accumulated other comprehensive income (loss)

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

(9)

Net actuarial loss amortization

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

Reclassifications out of AOCI related to defined benefit plans

^[3]

462

341

924

Prior service credit amortization

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

Reclassifications out of AOCI related to defined benefit plans

^[3]

(27)

(28)

(97)

Curtailment

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

Reclassifications out of AOCI related to defined benefit plans

^[3]

(1,651)

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

Reclassification to net earnings (loss) for (gains) losses realized

(83)

(74)

367

$ 352

$ 239

$ (457)

[1]	During fiscal 2018, the Company adopted authoritative guidance which requires all income tax effects of stock awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity. As a result, the Company recorded tax shortfalls of approximately $1.3 million in the Company’s income tax expense during fiscal 2018.
[2]	All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 3, 2018 which consisted of 14 weeks.
[3]	These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 12 for further information.

Income Taxes (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

^[1]

$ (1,210)

Additional income tax expense resulting from enactment of Tax Reform

^[2]

74,172

$ 28,212

$ 42,464

$ 47,900

47,900

Provisional charge for remeasurement of U.S. deferred tax assets as a result of the enactment of the Tax Reform

24,856

Provisional charge for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings as a result of the enactment of the Tax Reform

23,034

Federal:

Current

34,181

8,212

23,618

Deferred

21,595

(636)

4,038

State:

Current

1,903

2,537

3,864

Deferred

217

(1,000)

(296)

Foreign:

Current

7,333

17,055

14,259

Deferred

8,943

2,044

(3,019)

Differences between actual income tax expense and expected income tax expense

^[2]

74,172

28,212

42,464

Computed “expected” tax expense

23,693

18,763

44,547

State taxes, net of federal benefit

1,675

999

2,320

Non-U.S. tax expense less than federal statutory tax rate

^[3]

(7,396)

(1,539)

(6,991)

Tax Reform - repatriation tax adjustment

^[4]

23,034

Tax Reform - deferred tax adjustment

^[4]

24,856

Cumulative valuation reserve

$ 6,830

^[5]

6,830

^[5]

Valuation reserve

^[6]

9,057

5,841

3,024

Unrecognized tax benefit

537

556

1,123

Share-based compensation

^[7]

1,309

Net tax settlements

1,894

Sale of minority interest investment

(2,316)

Estimated exit tax charge

1,911

Prior year tax adjustments

(88)

(1,790)

(2,944)

Non-deductible permanent difference

(3,224)

(2,284)

1,295

Other

719

(653)

Allocation of total income tax expense (benefit)

^[2]

74,172

28,212

42,464

Operations

^[2]

74,172

28,212

42,464

Stockholders’ equity

^[2]

(3,173)

1,782

4,668

Total income tax expense

70,999

29,994

47,132

Tax effects of the components of other comprehensive income (loss)

Derivative financial instruments designated as cash flow hedges

(2,738)

(864)

559

Marketable securities

(7)

Defined benefit plans

(435)

(21)

2,972

Total income tax expense (benefit)

^[8]

(3,173)

(879)

3,524

Total earnings before income tax expense and noncontrolling interests

Domestic operations

39,112

32,944

90,141

Foreign operations

31,159

20,666

37,138

Earnings before income tax expense

70,271

53,610

$ 127,279

Deferred tax assets:

Net operating losses

19,859

13,524

19,859

13,524

Defined benefit plans

13,155

20,642

13,155

20,642

Deferred compensation

10,721

12,987

10,721

12,987

Excess of book over tax depreciation/amortization

10,704

9,018

10,704

9,018

Rent expense

7,651

13,672

7,651

13,672

Deferred income

7,141

6,213

7,141

6,213

Bad debt reserve

2,529

2,124

2,529

2,124

Lease incentives

1,814

5,545

1,814

5,545

Uniform capitalization

974

1,900

974

1,900

Other

30,703

28,265

30,703

28,265

Total deferred tax assets

105,251

113,890

105,251

113,890

Deferred tax liabilities:

Goodwill amortization

(2,303)

(3,654)

(2,303)

(3,654)

Excess of tax over book depreciation/amortization

(135)

(189)

(135)

(189)

Other

(4,517)

(4,544)

(4,517)

(4,544)

Valuation allowance

(32,601)

(23,255)

(32,601)

(23,255)

Net deferred tax assets

^[9]

65,695

82,248

65,695

82,248

Net deferred tax liabilities

2,700

$ 500

2,700

$ 500

Increase in valuation allowance

9,300

Accounting Standards Update 2016-09

1,309

Foreign:

Differences between actual income tax expense and expected income tax expense

1,309

Allocation of total income tax expense (benefit)

1,309

Operations

1,309

Retained Earnings | Accounting Standards Update 2018-02

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

1,210

Accrued expenses

Current portion of transition tax

$ 1,900

Minimum | Switzerland and Korea

Range of jurisdictional effective tax rates that are lower than the U.S. rates

8.00%

Maximum | Switzerland and Korea

Range of jurisdictional effective tax rates that are lower than the U.S. rates

20.00%

[1]	During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to increase retained earnings by $1.2 million with a corresponding reduction to accumulated other comprehensive income (loss) related to the Company’s Supplemental Executive Retirement Plan and its interest rate swap designated as a cash flow hedge based in the U.S.
[2]	During fiscal 2018, the Company adopted authoritative guidance which requires all income tax effects of stock awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity. As a result, the Company recorded tax shortfalls of approximately $1.3 million in the Company’s income tax expense during fiscal 2018.
[3]	The jurisdictional location of pre-tax income (loss) may represent a significant component of the Company’s effective tax rate as income tax rates outside the U.S. are generally lower than the U.S. statutory income tax rate. Furthermore, the impact of changes in the jurisdictional location of pre-tax income (loss) on the Company’s effective tax rate will be greater at lower levels of consolidated pre-tax income (loss). These amounts exclude the impact of net changes in valuation allowances, audit and other adjustments related to the Company’s non-U.S. operations, as they are reported separately in the appropriate corresponding line items in the table above. The impact on the Company’s effective tax rate was primarily related to the Company’s Swiss and Korean subsidiaries which have jurisdictional effective tax rates which range from 8% to 20% lower than the U.S. rates in effect for the periods presented.
[4]	During fiscal 2018, the Company recognized additional tax expense resulting from the enactment of the Tax Reform to account for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings and reduced deferred tax assets due to lower future U.S. corporate tax rates.
[5]	Amounts represent valuation reserves resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets.
[6]	Amounts relate primarily to valuation reserves on non-cumulative net operating losses or other deferred tax assets arising during the respective period.
[7]	During fiscal 2018, the Company adopted authoritative guidance which requires all income tax effects of stock awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity.
[8]	During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to increase retained earnings by $1.2 million with a corresponding reduction to accumulated other comprehensive income (loss) related to the Company’s Supplemental Executive Retirement Plan and its interest rate swap designated as a cash flow hedge based in the U.S. The impact from this reclassification on accumulated other comprehensive income (loss) has been excluded from the amounts provided in this table.
[9]	As of February 3, 2018, amount includes net deferred tax liabilities of $2.7 million recorded in other long-term liabilities in the Company’s consolidated balance sheet. There were $0.5 million net deferred tax liabilities recorded in other long-term liabilities in the Company’s consolidated balance sheet at January 28, 2017.

Income Taxes (Details 2) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017
Operating loss carryforwards
Net operating loss carryforwards	$ 74.7
Operating loss carryforwards that have an unlimited carryforward life	17.1
Valuation allowance	20.4	$ 13.9
Foreign
Operating loss carryforwards
Net operating loss carryforwards	57.0
State
Operating loss carryforwards
Net operating loss carryforwards	$ 0.6

Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 3) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Changes that occurred in the amount of gross unrecognized tax benefit excluding interest and penalties
Beginning balance	$ 12,983	$ 12,585	$ 13,640
Additions:
Tax positions related to the prior year	4,436	672	496
Tax positions related to the current year	222	106	1,516
Reductions:
Tax positions related to the prior year	(356)	(380)	(1,650)
Tax positions related to the current year	(309)	0	(359)
Settlements	0	0	(505)
Expiration of statutes of limitation	(205)	0	(553)
Ending balance	16,771	12,983	12,585
Amount of unrecognized tax benefit (net of federal benefit on state issues) which, if ultimately recognized, may reduce our future annual effective tax rate	17,400
Aggregate accruals for uncertain tax positions, including penalties and interest	19,000	14,600
Interest and penalties related to uncertain tax positions	500	200	$ 600
Accrued interest and penalties related to uncertain tax positions	$ 2,200	$ 1,600

Defined Benefit Plans (Details)
$ in Thousands

12 Months Ended

Feb. 03, 2018

USD ($)

Dec. 31, 2017

Jan. 28, 2017

USD ($)

Dec. 31, 2016

Jan. 30, 2016

USD ($)

Feb. 03, 2018

USD ($)

participant

Jan. 28, 2017

USD ($)

Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)

Unrecognized prior service credit charged to comprehensive income (loss)

$ (27)

$ (28)

$ (97)

Unrecognized net actuarial loss charged to comprehensive income (loss)

462

341

924

(1,651)

(2,248)

(1,185)

8,366

167

(269)

(72)

274

Total periodic defined benefit pension cost and other charges to other comprehensive income (loss)

435

(2,972)

(1,647)

(923)

5,011

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

^[1]

(1,210)

Accounting Standards Update 2018-02 | Retained Earnings

Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

1,210

SERP

Number of employees considered actively participating under the terms of the SERP | participant

Discount rate assumed as part of the actuarial valuation performed to calculate the projected benefit obligation and fair value of the plan assets (as a percent)

3.50%

Amount of actuarial losses, included in comprehensive income (loss), that are expected to be recognized as a component of net periodic defined benefit pension cost in the next fiscal year

$ 200

Total amount of benefits projected to be paid in fiscal 2019

1,700

Total amount of benefits projected to be paid in fiscal 2020

3,700

Total amount of benefits projected to be paid in fiscal 2021

3,900

Total amount of benefits projected to be paid in fiscal 2022

3,900

Total amount of benefits projected to be paid in fiscal 2023

3,900

Aggregate benefits projected to be paid in the following five fiscal years

18,500

Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)

Expected return on plan assets

1,844

1,839

1,986

Net amortization of unrecognized prior service credit

(97)

Net amortization of actuarial losses

151

155

740

Net periodic defined benefit pension cost

(1,651)

1,995

1,994

978

Unrecognized prior service credit charged to comprehensive income (loss)

(97)

Unrecognized net actuarial loss charged to comprehensive income (loss)

151

155

740

(1,651)

(1,092)

8,707

Total periodic defined benefit pension cost and other charges to other comprehensive income (loss)

360

(84)

(2,945)

(581)

134

4,754

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

^[2]

(1,435)

Total periodic benefit pension cost and other charges to accumulated other omprehensive income (loss)

(2,016)

Amounts not yet recognized in net periodic defined benefit pension cost, included in accumulated other comprehensive income (loss), before tax

Unrecognized prior service credit

$ 0

Unrecognized net actuarial loss

9,454

8,513

Total included in accumulated other comprehensive loss

9,454

8,513

Funded status and the amounts recognized in the Company's consolidated balance sheets

Projected benefit obligation

(53,521)

(53,443)

(54,760)

(53,521)

Plan assets at fair value

^[3]

Net liability

^[4]

(54,760)

(53,521)

Reconciliation of the changes in the projected benefit obligation

Balance at the beginning of the period

53,521

53,443

1,844

1,839

1,986

Actuarial (gains) losses

1,092

(63)

(1,697)

(1,698)

Balance at the end of the period

54,760

53,521

53,443

Reconciliation of the changes in plan assets

Balance at beginning of period

^[3]

Balance at end of period

^[3]

SERP | Accounting Standards Update 2018-02 | Retained Earnings

Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

1,435

SERP | Other income/expense

Gains (losses) as a result of changes in value of the insurance policy investments, included in other income and expense

7,700

6,900

(1,800)

Realized gain resulting from payout on insurance policy investments

700

SERP | Other assets

Cash surrender values of the insurance policies held in a rabbi trust

64,500

58,600

SERP | Executive Chairman of the Board of Chief Creative Officer

Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)

(1,651)

Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)

11,400

Pension

2,500

1,544

1,622

Expected return on plan assets

1,991

1,926

2,055

(244)

(185)

(142)

Net amortization of unrecognized prior service credit

(27)

(28)

(97)

Net amortization of actuarial losses

462

341

924

Net periodic defined benefit pension cost

(1,651)

4,682

3,598

2,711

Unrecognized prior service credit charged to comprehensive income (loss)

(27)

(28)

(97)

Unrecognized net actuarial loss charged to comprehensive income (loss)

462

341

924

(1,651)

(2,248)

(1,185)

8,366

167

(269)

(72)

274

Total periodic defined benefit pension cost and other charges to other comprehensive income (loss)

435

(2,972)

(1,647)

(923)

5,011

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

^[2]

(1,435)

Total periodic benefit pension cost and other charges to accumulated other omprehensive income (loss)

(3,082)

Amounts not yet recognized in net periodic defined benefit pension cost, included in accumulated other comprehensive income (loss), before tax

Unrecognized prior service credit

(113)

(140)

Unrecognized net actuarial loss

14,343

12,288

Total included in accumulated other comprehensive loss

14,230

12,148

Funded status and the amounts recognized in the Company's consolidated balance sheets

Projected benefit obligation

(73,507)

(71,020)

(81,169)

(73,507)

Plan assets at fair value

^[3]

16,305

21,437

16,305

Net liability

^[4]

(59,732)

(57,202)

Reconciliation of the changes in the projected benefit obligation

Balance at the beginning of the period

73,507

71,020

2,500

1,544

1,622

1,991

1,926

2,055

Actuarial (gains) losses

2,248

1,004

2,315

1,805

(3,070)

(4,114)

Balance at the end of the period

1,678

322

81,169

73,507

71,020

Reconciliation of the changes in plan assets

Balance at beginning of period

^[3]

16,305

Balance at end of period

^[3]

21,437

16,305

Foreign Plan | Pension

Amount of actuarial losses, included in comprehensive income (loss), that are expected to be recognized as a component of net periodic defined benefit pension cost in the next fiscal year

400

Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)

2,500

1,544

1,622

Expected return on plan assets

147

(244)

(185)

(142)

Net amortization of unrecognized prior service credit

(27)

(28)

Net amortization of actuarial losses

311

186

184

Net periodic defined benefit pension cost

2,687

1,604

1,733

Unrecognized prior service credit charged to comprehensive income (loss)

(27)

(28)

Unrecognized net actuarial loss charged to comprehensive income (loss)

311

186

184

(1,156)

(1,248)

(341)

167

(269)

(72)

274

Total periodic defined benefit pension cost and other charges to other comprehensive income (loss)

105

(27)

(1,066)

(1,057)

257

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

^[2]

Total periodic benefit pension cost and other charges to accumulated other omprehensive income (loss)

(1,066)

Amounts not yet recognized in net periodic defined benefit pension cost, included in accumulated other comprehensive income (loss), before tax

Unrecognized prior service credit

(113)

(140)

Unrecognized net actuarial loss

4,889

3,775

Total included in accumulated other comprehensive loss

4,776

3,635

Funded status and the amounts recognized in the Company's consolidated balance sheets

Projected benefit obligation

(19,986)

(17,577)

(26,409)

(19,986)

Plan assets at fair value

16,305

^[3]

14,859

21,437

^[3]

16,305

^[3]

Net liability

^[4]

$ (4,972)

$ (3,681)

Reconciliation of the changes in the projected benefit obligation

Balance at the beginning of the period

19,986

17,577

2,500

1,544

1,622

147

Actuarial (gains) losses

1,156

1,067

2,315

1,805

(1,373)

(2,416)

Balance at the end of the period

1,678

322

26,409

19,986

17,577

Reconciliation of the changes in plan assets

Balance at beginning of period

16,305

^[3]

14,859

Actual return on plan assets

244

Contributions by employer

2,575

1,779

2,315

1,805

1,373

2,416

Foreign Plan | Pension | Switzerland

1,371

274

Balance at end of period

$ 21,437

^[3]

$ 16,305

^[3]

14,859

Discount rate assumed as part of the actuarial valuation performed to calculate the projected benefit obligation and fair value of the plan assets (as a percent)

0.60%

0.50%

Minimum investment return (as a percent)

$ 167

1.00%

1.25%

Expected return on plan assets assumed as a part of the actuarial valuation performed to calculate the projected benefit obligation and plan assets (as a percent)

1.40%

[1]	During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to increase retained earnings by $1.2 million with a corresponding reduction to accumulated other comprehensive income (loss) related to the Company’s Supplemental Executive Retirement Plan and its interest rate swap designated as a cash flow hedge based in the U.S.
[2]	During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to increase retained earnings by $1.4 million with a corresponding reduction to accumulated other comprehensive income (loss) related to the Company’s SERP.
[3]	The SERP is a non-qualified pension plan and hence the insurance policies are not considered to be plan assets. Accordingly, the table above does not include the insurance policies with cash surrender values of $64.5 million and $58.6 million as of February 3, 2018 and January 28, 2017, respectively.
[4]	The net liability was included in accrued expenses and other long-term liabilities in the Company’s consolidated balance sheets depending on the expected timing of payments.

Related Party Transactions (Details)	1 Months Ended		12 Months Ended
Related Party Transactions (Details)	Jan. 30, 2016 USD ($) ft²	Dec. 31, 2015 USD ($)	Feb. 03, 2018 USD ($) ft² lease	Jan. 28, 2017 USD ($)	Jan. 30, 2016 USD ($) ft²
Georges Marciano settlement \| Settled litigation
Related Party Transactions
Payments under related party agreement		$ 100,000
Armand Marciano settlement \| Settled litigation
Related Party Transactions
Payments under related party agreement		$ 100,000
Marciano Trusts
Related Party Transactions
Number of leases under lease agreement \| lease			4
Marciano Trusts \| Related party leases
Related Party Transactions
Expenses under related party arrangement			$ 4,900,000	$ 5,000,000	$ 5,100,000
Marciano Trusts \| Parking lot adjacent to corporate headquarters
Related Party Transactions
Area of leased property (in square feet) \| ft²	140,000				140,000
Sales price of sales-leaseback transaction	$ 7,500,000				$ 7,500,000
Gross cash proceeds received from sales-leaseback transaction				7,500,000
Marciano Trusts \| Parking lot adjacent to corporate headquarters \| Other income/expense
Related Party Transactions
Net gains recognized in other income for sales-leaseback transaction	$ 3,400,000				3,400,000
MPM Financial LLC \| Payments for aircraft charter
Related Party Transactions
Payments under related party agreement			$ 1,100,000	$ 900,000	$ 600,000
Canada \| Marciano Trusts
Related Party Transactions
Renewal term			1 year
France \| Marciano Trusts
Related Party Transactions
Reduction in square footage \| ft²			5,100
Area of leased property (in square feet) \| ft²			16,000

Commitments and Contingencies (Details)	12 Months Ended
Commitments and Contingencies (Details)	Feb. 03, 2018
Retail store leases \| Minimum
Operating lease expiration
Percentage of annual sales volume used for incremental rent on certain retail location leases	4.00%
Retail store leases \| Maximum
Operating lease expiration
Percentage of annual sales volume used for incremental rent on certain retail location leases	20.00%
Retail concession leases \| Average
Operating lease expiration
Percentage of annual sales volume used for incremental rent on certain retail location leases	35.00%

Commitments and Contingencies (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Capital leases, future minimum lease payments
Fiscal 2019	$ 2,940
Fiscal 2020	2,945
Fiscal 2021	2,934
Fiscal 2022	2,716
Fiscal 2023	2,590
Thereafter	10,859
Total minimum lease payments	24,984
Less interest	(6,395)
Capital lease obligations	18,589	$ 0
Less current portion	(1,594)
Long-term capital lease obligations	16,995
Capital and operating leases, future minimum lease payments
Fiscal 2019	204,018
Fiscal 2020	181,886
Fiscal 2021	153,213
Fiscal 2022	127,278
Fiscal 2023	102,752
Thereafter	240,739
Total minimum lease payments	1,009,886
Rental expense for all property and equipment under operating leases	272,300	263,100	$ 259,100
Rental expense based upon percentage of annual sales volume	61,200	$ 53,000	$ 53,700
Non-Related Parties
Operating leases, future minimum lease payments
Fiscal 2019	196,321
Fiscal 2020	174,521
Fiscal 2021	148,255
Fiscal 2022	124,562
Fiscal 2023	100,162
Thereafter	229,880
Total minimum lease payments	973,701
Related Parties
Operating leases, future minimum lease payments
Fiscal 2019	4,757
Fiscal 2020	4,420
Fiscal 2021	2,024
Fiscal 2022	0
Fiscal 2023	0
Thereafter	0
Total minimum lease payments	$ 11,201

Commitments and Contingencies (Details 3) - Feb. 03, 2018 € in Millions, $ in Millions	USD ($)	EUR (€)
Commitments and Contingencies Disclosure [Abstract]
Purchase commitments	$ 208.1
Private equity fund
Investment commitments
Unfunded commitment to invest in private equity fund	$ 5.7	€ 4.5

Commitments and Contingencies (Details 4) $ in Thousands, € in Millions			1 Months Ended		12 Months Ended
	Nov. 08, 2013 USD ($)	Jul. 19, 2012 USD ($)	May 31, 2015 USD ($)	May 31, 2015 EUR (€)	Feb. 03, 2018 USD ($) subsidiary	Jan. 28, 2017 USD ($)	Jan. 28, 2017 EUR (€)	Feb. 03, 2018 EUR (€)	Jan. 30, 2015 trademark	May 02, 2013 trademark
Italy \| Italian customs tax audit and appeals \| Europe
Litigation
Number of subsidiaries under audit by the Italian Customs Agency \| subsidiary					1
Customs tax assessments including potential penalties and interest					$ 12,200			€ 9.8
Italy \| First set of appeals \| Italian customs tax audit and appeals \| Europe
Litigation
Canceled customs tax assessments			$ 2,100	€ 1.7
Italy \| Second through seventh set of appeals \| Italian customs tax audit and appeals \| Europe
Litigation
Canceled customs tax assessments						$ 10,100	€ 8.1
Judicial Ruling \| U.S. \| Gucci America, Inc.
Litigation
Damages sought in litigation case		$ 26,000
Accounting profits sought by plaintiff as compensation		99,000
Monetary damages awarded by court		2,300
Monetary damages awarded by court to be paid by the Company's licensees		$ 2,300
Pending Litigation \| Italy \| Gucci America, Inc.
Litigation
Number of Italian trademark registrations to be cancelled by plaintiff \| trademark										3
Number of European Community trademark registrations to be cancelled by plaintiff \| trademark										4
Pending Litigation \| China \| Gucci America, Inc.
Litigation
Damages sought in litigation case	$ 80
Pending Litigation \| France \| Gucci America, Inc.
Litigation
Number of European Community trademark registrations to be cancelled by plaintiff \| trademark									2
Number of international trademark registrations to be cancelled by plaintiff \| trademark									1

Commitments and Contingencies (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016	Feb. 03, 2018	Jan. 30, 2016
Redeemable noncontrolling interests put arrangements
Redeemable noncontrolling interests	$ 4,452	$ 5,252	$ 5,252	$ 5,590	$ 5,252
Purchase of redeemable noncontrolling interest	0	4,445	0
Redeemable noncontrolling interests reconciliation
Beginning balance	4,452	5,252
Foreign currency translation adjustment	187	818
Purchase of redeemable noncontrolling interest	0	(4,445)
Noncontrolling interest capital contribution	951	2,157
Redeemable noncontrolling interest redemption value adjustment	0	670
Ending balance	5,590	4,452	5,252
Guess Brazil
Redeemable noncontrolling interests put arrangements
Total outstanding equity interest in subsidiary covered by put arrangement (as a percent)				40.00%
Total cash contributions in the joint venture made by the Company and the noncontrolling interest holder		1,700
Payments made by the Company related to its controlling interest in joint venture		1,000
Redeemable noncontrolling interests	$ 1,700	1,700		$ 1,600
Initial period put option can be exercised by noncontrolling interest holder after commencement of agreement, subject to certain time restrictions (by year)	6 years
Period put arrangement can be exercised by noncontrolling interest holder after initial and subsequent exercise periods, subject to certain time restrictions (by year)	3 years
Redeemable noncontrolling interests reconciliation
Beginning balance	$ 1,700
Ending balance	1,600	1,700
Guess CIS
Noncontrolling Interest, Ownership Percentage by Parent				30.00%
Redeemable noncontrolling interests put arrangements
Total cash contributions in the joint venture made by the Company and the noncontrolling interest holder	3,200	5,000
Payments made by the Company related to its controlling interest in joint venture	2,200	3,500	$ 2,000
Redeemable noncontrolling interests	$ 2,800	2,800		$ 4,000
Initial period put option can be exercised by noncontrolling interest holder after commencement of agreement, subject to certain time restrictions (by year)	5 years
Redeemable noncontrolling interests reconciliation
Beginning balance	$ 2,800
Ending balance	$ 4,000	2,800
Guess Sud
Redeemable noncontrolling interests put arrangements
Total outstanding equity interest in subsidiary covered by put arrangement (as a percent)					40.00%
Purchase of redeemable noncontrolling interest		$ 4,445
Remaining interest acquired by the Company from the noncontrolling interest holder (as a percent)		40.00%

Savings Plan (Details) - Savings Plan - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Savings Plan
Employee contribution limit per calendar year (as a percent of compensation)	100.00%
Employer contribution limit (as a percent of compensation)	3.00%
Company's contributions to the savings plan	$ 1.1	$ 1.2	$ 1.3

Savings Plans (Details 2) - USD ($) $ in Thousands	12 Months Ended
Savings Plans (Details 2) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Deferred Compensation Plan
Company's contributions to deferred compensation plan			$ 1,500
DCP \| Other income/expense
Deferred Compensation Plan
Deferred compensation plan, gains (losses) related to the change in the value of the insurance policy investments	$ 1,700	$ 1,500	(700)
Realized gain resulting from payout on insurance policy investments			$ 300
Accrued expenses and other long-term liabilities
Deferred Compensation Plan
Deferred compensation liability	13,476	11,184
Other assets
Deferred Compensation Plan
Deferred compensation, long-term asset	$ 13,700	$ 12,000

Quarterly Information (Unaudited) (Details) - USD ($)

3 Months Ended

12 Months Ended

Feb. 03, 2018

Oct. 28, 2017

Jul. 29, 2017

Apr. 29, 2017

Jan. 28, 2017

Oct. 29, 2016

Jul. 30, 2016

Apr. 30, 2016

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Summary of the unaudited quarterly financial information

$ 792,164,000

^[1],[2]

$ 548,953,000

^[1],[2]

$ 568,292,000

^[1],[2]

$ 454,345,000

^[1],[2]

$ 674,004,000

^[1],[2]

$ 531,976,000

^[1],[2]

$ 540,412,000

^[1],[2]

$ 444,061,000

^[1],[2]

$ 2,363,754,000

^[3],[4]

$ 2,190,453,000

^[3],[4],[5]

$ 2,184,495,000

^[3],[4],[5]

Gross profit

295,070,000

^[1]

191,109,000

^[1]

198,027,000

^[1]

144,642,000

^[1]

236,407,000

^[1]

180,242,000

^[1]

185,632,000

^[1]

142,759,000

^[1]

828,848,000

745,040,000

787,430,000

Net earnings (loss)

3,107,000

^[1]

(1,662,000)

^[1]

15,881,000

^[1]

(21,227,000)

^[1]

8,656,000

^[1]

9,729,000

^[1]

32,167,000

^[1]

(25,154,000)

^[1]

(3,901,000)

25,398,000

84,815,000

Net earnings (loss) per common share attributable to common stockholders:

$ 1,040,000

^[1]

$ (2,860,000)

^[1]

$ 15,219,000

^[1]

$ (21,293,000)

^[1]

$ 6,567,000

^[1]

$ 9,103,000

^[1]

$ 32,269,000

^[1]

$ (25,178,000)

^[1]

$ (7,894,000)

$ 22,761,000

$ 81,851,000

Basic (in dollars per share)

$ 0.01

^{[1],[6],[7],[8],[9]}

$ (0.04)

^{[1],[6],[7],[8],[9]}

$ 0.18

^{[1],[6],[7],[8],[9]}

$ (0.26)

^{[1],[6],[7],[8],[9]}

$ 0.08

^{[1],[6],[8],[9],[10],[11],[12]}

$ 0.11

^{[1],[6],[8],[9],[10],[11],[12]}

$ 0.38

^{[1],[6],[8],[9],[10],[11],[12]}

$ (0.30)

^{[1],[6],[8],[9],[10],[11],[12]}

$ (0.11)

$ 0.27

$ 0.97

Diluted (in dollars per share)

$ 0.01

^{[1],[6],[7],[8],[9]}

$ (0.04)

^{[1],[6],[7],[8],[9]}

$ 0.18

^{[1],[6],[7],[8],[9]}

$ (0.26)

^{[1],[6],[7],[8],[9]}

$ 0.08

^{[1],[6],[8],[9],[10],[11],[12]}

$ 0.11

^{[1],[6],[8],[9],[10],[11],[12]}

$ 0.38

^{[1],[6],[8],[9],[10],[11],[12]}

$ (0.30)

^{[1],[6],[8],[9],[10],[11],[12]}

$ (0.11)

$ 0.27

$ 0.96

Number of days in fiscal period

98 days

91 days

371 days

364 days

Net gains (losses) on lease terminations

$ 100,000

$ (11,500,000)

$ 0

$ 600,000

$ 100,000

$ (11,373,000)

$ 695,000

$ 2,337,000

Additional income tax expense resulting from enactment of Tax Reform

2,500,000

2,000,000

1,200,000

2,800,000

32,900,000

800,000

500,000

200,000

8,479,000

34,385,000

2,287,000

47,900,000

Provisional charge for remeasurement of U.S. deferred tax assets as a result of the enactment of the Tax Reform

24,856,000

Provisional charge for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings as a result of the enactment of the Tax Reform

$ 23,034,000

23,034,000

Estimated exit tax charge

6,083,000

1,911,000

Net proceeds from sale of the Company's minority interest equity holding in a privately-held boutique apparel company

34,800,000

Cumulative valuation reserve

6,830,000

$ 0

^[13]

6,830,000

^[13]

Prior period reclassification adjustment

(5,200,000)

(5,400,000)

(4,200,000)

(5,300,000)

(4,300,000)

(4,500,000)

(4,800,000)

(18,900,000)

$ (19,800,000)

Prior period reclassification adjustment

$ 5,200,000

$ 5,400,000

$ 4,200,000

$ 5,300,000

$ 4,300,000

4,500,000

$ 4,800,000

Gain from sale of the Company's minority interest equity holding in a privately-held boutique apparel company

$ 22,300,000

[1]	All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 3, 2018 which consisted of 14 weeks.
[2]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, prior period amounts related to net royalties, net revenue and cost of product sales have been adjusted to conform to the current period presentation. This resulted in a decrease to net revenue and cost of product sales of $4.2 million, $5.4 million and $5.2 million during the first, second and third quarters of fiscal 2018, respectively. This also resulted in a decrease to net revenue and cost of product sales of $4.8 million, $4.5 million, $4.3 million and $5.3 million during the first, second, third and fourth quarters of fiscal 2017, respectively. This reclassification had no impact on previously reported gross profit, net earnings (loss) or net earnings (loss) per share. Refer to Note 1 for further information regarding this reclassification.
[3]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation. This reclassification had no impact on previously reported earnings from operations.
[4]	The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018.
[5]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.
[6]	During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. The Company recorded asset impairment charges of $2.8 million, $1.2 million, $2.0 million and $2.5 million, respectively, during the first, second, third and fourth quarters of fiscal 2018. The Company also recorded asset impairment charges of $0.2 million, $0.5 million, $0.8 million and $32.9 million, respectively, during the first, second, third and fourth quarters of fiscal 2017. Refer to Note 5 for further detail regarding asset impairment charges.
[7]	During fiscal 2018, the Company recognized additional tax expense of $47.9 million related to the enactment of the Tax Reform. This is comprised of a $24.9 million charge for the provisional re-measurement of certain deferred taxes and related amounts and a provisional charge of $23.0 million to income tax expense for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings. These charges were recorded during the fourth quarter of fiscal 2018. Refer to Note 11 for further detail.
[8]	Per common share amounts for the quarters and full years have been calculated separately. Accordingly, quarterly amounts may not add to the annual amount because of differences in the average common shares outstanding during each period.
[9]	The Company recorded net gains (losses) on lease terminations of $(11.5) million and $0.1 million during the third and fourth quarters of fiscal 2018, respectively. There were no net gains (losses) on lease terminations recognized during the first or second quarters of fiscal 2018. During the first and second quarters of fiscal 2017, the Company recorded net gains on lease terminations of $0.1 million and $0.6 million, respectively. There were no net gains (losses) on lease terminations recognized during the third or fourth quarters of fiscal 2017. Refer to Note 1 for further information regarding net gains (losses) on lease terminations.
[10]	During fiscal 2017, the Company recorded restructuring charges of $6.1 million and a related estimated exit tax charge of approximately $1.9 million. The restructuring charges and related estimated exit tax charge were recorded during the three months ended April 30, 2016. Refer to Note 9 for further detail regarding these charges.
[11]	During fiscal 2017, the Company recorded valuation reserves of $6.8 million resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets. The Company recorded the valuation reserve during the three months ended January 28, 2017. Refer to Note 11 for further detail.
[12]	During fiscal 2017, the Company sold its minority interest equity holding in a privately-held boutique apparel company for net proceeds of approximately $34.8 million, which resulted in a gain of approximately $22.3 million which was recorded in other income. The gain was recorded during the three months ended July 30, 2016.
[13]	Amounts represent valuation reserves resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets.

Segment Information (Details) - USD ($)

3 Months Ended

12 Months Ended

Feb. 03, 2018

Oct. 28, 2017

Jul. 29, 2017

Apr. 29, 2017

Jan. 28, 2017

Oct. 29, 2016

Jul. 30, 2016

Apr. 30, 2016

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Segment information of net revenue, earnings (loss) from operations, capital expenditures and total assets

Net gains (losses) on lease terminations

$ 792,164,000

^[1],[2]

$ 548,953,000

^[1],[2]

$ 568,292,000

^[1],[2]

$ 454,345,000

^[1],[2]

$ 674,004,000

^[1],[2]

$ 531,976,000

^[1],[2]

$ 540,412,000

^[1],[2]

$ 444,061,000

^[1],[2]

$ 2,363,754,000

^[3],[4]

$ 2,190,453,000

^[3],[4],[5]

$ 2,184,495,000

^[3],[4],[5]

Licensing

72,755,000

71,919,000

84,041,000

100,000

(11,500,000)

600,000

100,000

(11,373,000)

695,000

2,337,000

(2,500,000)

$ (2,000,000)

$ (1,200,000)

$ (2,800,000)

(32,900,000)

$ (800,000)

$ (500,000)

(200,000)

(8,479,000)

(34,385,000)

(2,287,000)

$ (6,083,000)

(6,083,000)

^[4]

65,173,000

22,708,000

121,350,000

^[4]

84,655,000

90,581,000

$ 83,844,000

Number of days in fiscal period

$ 1,655,634,000

$ 1,534,485,000

$ 1,655,634,000

$ 1,534,485,000

98 days

91 days

371 days

364 days

Operating segments

Segment information of net revenue, earnings (loss) from operations, capital expenditures and total assets

Segment information of net revenue, earnings (loss) from operations, capital expenditures and total assets

^[4]

$ 187,454,000

$ 136,340,000

$ 204,164,000

Corporate overhead

^[4],[6]

(102,429,000)

(73,859,000)

(82,864,000)

^[4]

7,923,000

5,411,000

34,445,000

Segment information of net revenue, earnings (loss) from operations, capital expenditures and total assets

$ 181,796,000

$ 193,395,000

181,796,000

193,395,000

Reconciling items

Net gains (losses) on lease terminations

^[4],[6],[7]

(11,373,000)

695,000

2,337,000

^[4],[6],[8]

(8,479,000)

(34,385,000)

(2,287,000)

Americas Retail | Operating segments

^[4],[9]

(6,083,000)

Segment information of net revenue, earnings (loss) from operations, capital expenditures and total assets

^[4]

833,077,000

935,479,000

981,942,000

^[4],[6]

(17,301,000)

(22,816,000)

18,414,000

^[4]

16,899,000

25,881,000

26,384,000

Americas Wholesale | Operating segments

192,917,000

240,857,000

192,917,000

240,857,000

Segment information of net revenue, earnings (loss) from operations, capital expenditures and total assets

^[4],[6]

150,366,000

146,260,000

155,594,000

^[4],[6]

25,161,000

24,190,000

29,579,000

^[4]

1,303,000

3,320,000

2,854,000

Europe | Operating segments

181,548,000

175,136,000

181,548,000

175,136,000

Segment information of net revenue, earnings (loss) from operations, capital expenditures and total assets

^[4],[6]

998,657,000

788,194,000

722,877,000

^[4],[6]

87,376,000

56,961,000

53,673,000

^[4]

46,419,000

42,080,000

13,869,000

Asia | Operating segments

850,886,000

723,251,000

850,886,000

723,251,000

Segment information of net revenue, earnings (loss) from operations, capital expenditures and total assets

^[4],[6]

308,899,000

248,601,000

240,041,000

^[4],[6]

14,116,000

(2,381,000)

10,309,000

^[4]

12,111,000

13,869,000

6,265,000

Licensing | Operating segments

242,232,000

182,405,000

242,232,000

182,405,000

Segment information of net revenue, earnings (loss) from operations, capital expenditures and total assets

Licensing

^[3],[4]

72,755,000

71,919,000

84,041,000

^[4],[6]

78,102,000

80,386,000

92,189,000

^[4]

20,000

$ 27,000

$ 6,255,000

$ 19,442,000

$ 6,255,000

$ 19,442,000

[1]	All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 3, 2018 which consisted of 14 weeks.
[2]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, prior period amounts related to net royalties, net revenue and cost of product sales have been adjusted to conform to the current period presentation. This resulted in a decrease to net revenue and cost of product sales of $4.2 million, $5.4 million and $5.2 million during the first, second and third quarters of fiscal 2018, respectively. This also resulted in a decrease to net revenue and cost of product sales of $4.8 million, $4.5 million, $4.3 million and $5.3 million during the first, second, third and fourth quarters of fiscal 2017, respectively. This reclassification had no impact on previously reported gross profit, net earnings (loss) or net earnings (loss) per share. Refer to Note 1 for further information regarding this reclassification.
[3]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation. This reclassification had no impact on previously reported earnings from operations.
[4]	The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018.
[5]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.
[6]	During fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. Segment results were also adjusted to exclude corporate performance-based compensation costs, net gains (losses) on lease terminations and asset impairment charges due to the fact that these items are no longer included in the segment results provided to the Company’s chief operating decision maker in order to allocate resources and assess performance. Accordingly, segment results have been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.
[7]	During fiscal 2018, the Company incurred net losses on lease terminations related primarily to the modification of certain lease agreements held with a common landlord in North America. During fiscal 2017 and fiscal 2016, the Company recorded net gains on lease terminations related primarily to the early termination of certain lease agreements in Europe. Refer to Note 1 for more information regarding the net gains (losses) on lease terminations.
[8]	During each of the years presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. Refer to Note 5 for more information regarding these asset impairment charges.
[9]	Restructuring charges incurred during fiscal 2017 related to plans to better align the Company’s global cost and organizational structure with its current strategic initiatives. Refer to Note 9 for more information regarding these restructuring charges.

Segment Information (Details 2) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Feb. 03, 2018

Oct. 28, 2017

^[1],[2]

Jul. 29, 2017

^[1],[2]

Apr. 29, 2017

^[1],[2]

Jan. 28, 2017

Oct. 29, 2016

^[1],[2]

Jul. 30, 2016

^[1],[2]

Apr. 30, 2016

^[1],[2]

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

^[5]

$ 792,164

^[1],[2]

$ 548,953

$ 568,292

$ 454,345

$ 674,004

^[1],[2]

$ 531,976

$ 540,412

$ 444,061

$ 2,363,754

^[3],[4]

$ 2,190,453

^[3],[4],[5]

$ 2,184,495

^[3],[4]

360,470

302,016

360,470

302,016

U.S.

742,620

836,954

^[5]

892,056

109,943

115,728

109,943

115,728

Italy

289,299

257,542

^[5]

245,451

34,884

31,013

34,884

31,013

Canada

203,965

220,720

^[5]

222,470

18,845

13,690

18,845

13,690

South Korea

156,101

157,503

^[5]

162,200

9,584

8,664

9,584

8,664

Other foreign countries

971,769

717,734

^[5]

$ 662,318

$ 187,214

$ 132,921

$ 187,214

$ 132,921

[1]	All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 3, 2018 which consisted of 14 weeks.
[2]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, prior period amounts related to net royalties, net revenue and cost of product sales have been adjusted to conform to the current period presentation. This resulted in a decrease to net revenue and cost of product sales of $4.2 million, $5.4 million and $5.2 million during the first, second and third quarters of fiscal 2018, respectively. This also resulted in a decrease to net revenue and cost of product sales of $4.8 million, $4.5 million, $4.3 million and $5.3 million during the first, second, third and fourth quarters of fiscal 2017, respectively. This reclassification had no impact on previously reported gross profit, net earnings (loss) or net earnings (loss) per share. Refer to Note 1 for further information regarding this reclassification.
[3]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation. This reclassification had no impact on previously reported earnings from operations.
[4]	The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018.
[5]	During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.

Earnings (Loss) Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Feb. 03, 2018

^[1]

Oct. 28, 2017

^[1]

Jul. 29, 2017

^[1]

Apr. 29, 2017

^[1]

Jan. 28, 2017

^[1]

Oct. 29, 2016

^[1]

Jul. 30, 2016

^[1]

Apr. 30, 2016

^[1]

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Earnings Per Share [Abstract]

Less net earnings attributable to nonvested restricted stockholders

$ 1,040

$ (2,860)

$ 15,219

$ (21,293)

$ 6,567

$ 9,103

$ 32,269

$ (25,178)

$ (7,894)

$ 22,761

$ 81,851

764

527

532

Net earnings (loss) attributable to common stockholders

$ (8,658)

$ 22,234

$ 81,319

Weighted average common shares used in basic computations

82,189,000

83,666,000

84,264,000

Effect of dilutive securities:

Stock options and restricted stock units (in shares)

^[2]

163,000

261,000

Weighted average common shares used in diluted computations

82,189,000

83,829,000

84,525,000

Net earnings (loss) per common share attributable to common stockholders:

Basic (in dollars per share)

$ 0.01

^{[3],[4],[5],[6]}

$ (0.04)

^{[3],[4],[5],[6]}

$ 0.18

^{[3],[4],[5],[6]}

$ (0.26)

^{[3],[4],[5],[6]}

$ 0.08

^{[3],[5],[6],[7],[8],[9]}

$ 0.11

^{[3],[5],[6],[7],[8],[9]}

$ 0.38

^{[3],[5],[6],[7],[8],[9]}

$ (0.30)

^{[3],[5],[6],[7],[8],[9]}

$ (0.11)

$ 0.27

$ 0.97

Diluted (in dollars per share)

$ 0.01

^{[3],[4],[5],[6]}

$ (0.04)

^{[3],[4],[5],[6]}

$ 0.18

^{[3],[4],[5],[6]}

$ (0.26)

^{[3],[4],[5],[6]}

$ 0.08

^{[3],[5],[6],[7],[8],[9]}

$ 0.11

^{[3],[5],[6],[7],[8],[9]}

$ 0.38

^{[3],[5],[6],[7],[8],[9]}

$ (0.30)

^{[3],[5],[6],[7],[8],[9]}

$ (0.11)

$ 0.27

$ 0.96

Antidilutive securities excluded from computation of earnings per share

Antidilutive equity awards excluded from computation of diluted weighted average common shares

2,925,549

3,254,259

2,737,573

Potentially dilutive shares

Antidilutive securities excluded from computation of earnings per share

Antidilutive equity awards excluded from computation of diluted weighted average common shares

652,494

Performance-based units

Antidilutive securities excluded from computation of earnings per share

Awards subject to performance or market conditions that were excluded from the computation of diluted weighted average common shares

899,345

Performance-based or market-based units

Antidilutive securities excluded from computation of earnings per share

Awards subject to performance or market conditions that were excluded from the computation of diluted weighted average common shares

473,878

[1]	All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 3, 2018 which consisted of 14 weeks.
[2]	For fiscal 2018, there were 652,494 potentially dilutive shares that were not included in the computation of diluted weighted average common shares and common equivalent shares outstanding because their effect would have been antidilutive given the Company’s net loss.
[3]	During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. The Company recorded asset impairment charges of $2.8 million, $1.2 million, $2.0 million and $2.5 million, respectively, during the first, second, third and fourth quarters of fiscal 2018. The Company also recorded asset impairment charges of $0.2 million, $0.5 million, $0.8 million and $32.9 million, respectively, during the first, second, third and fourth quarters of fiscal 2017. Refer to Note 5 for further detail regarding asset impairment charges.
[4]	During fiscal 2018, the Company recognized additional tax expense of $47.9 million related to the enactment of the Tax Reform. This is comprised of a $24.9 million charge for the provisional re-measurement of certain deferred taxes and related amounts and a provisional charge of $23.0 million to income tax expense for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings. These charges were recorded during the fourth quarter of fiscal 2018. Refer to Note 11 for further detail.
[5]	Per common share amounts for the quarters and full years have been calculated separately. Accordingly, quarterly amounts may not add to the annual amount because of differences in the average common shares outstanding during each period.
[6]	The Company recorded net gains (losses) on lease terminations of $(11.5) million and $0.1 million during the third and fourth quarters of fiscal 2018, respectively. There were no net gains (losses) on lease terminations recognized during the first or second quarters of fiscal 2018. During the first and second quarters of fiscal 2017, the Company recorded net gains on lease terminations of $0.1 million and $0.6 million, respectively. There were no net gains (losses) on lease terminations recognized during the third or fourth quarters of fiscal 2017. Refer to Note 1 for further information regarding net gains (losses) on lease terminations.
[7]	During fiscal 2017, the Company recorded restructuring charges of $6.1 million and a related estimated exit tax charge of approximately $1.9 million. The restructuring charges and related estimated exit tax charge were recorded during the three months ended April 30, 2016. Refer to Note 9 for further detail regarding these charges.
[8]	During fiscal 2017, the Company recorded valuation reserves of $6.8 million resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets. The Company recorded the valuation reserve during the three months ended January 28, 2017. Refer to Note 11 for further detail.
[9]	During fiscal 2017, the Company sold its minority interest equity holding in a privately-held boutique apparel company for net proceeds of approximately $34.8 million, which resulted in a gain of approximately $22.3 million which was recorded in other income. The gain was recorded during the three months ended July 30, 2016.

Share-Based Compensation (Details) $ in Thousands		12 Months Ended
Share-Based Compensation (Details) $ in Thousands	Jul. 07, 2015 shares	Feb. 03, 2018 USD ($) plan shares	Jan. 28, 2017 USD ($) shares	Jan. 30, 2016 USD ($)	May 19, 2017 shares	May 18, 2017 shares	May 01, 2017 shares	May 20, 2016 shares	May 19, 2016 shares
Disclosure of share-based compensation information under stock plans
Number of share-based compensation plans \| plan		4
Share-based compensation expense \| $		$ 18,852	$ 16,908	$ 18,880
Stock option
Disclosure of share-based compensation information under stock plans
Share-based compensation expense \| $		2,345	2,219	2,113
Stock option \| Selling, general and administrative expenses
Disclosure of share-based compensation information under stock plans
Share-based compensation expense \| $		$ 2,345
Stock awards or units
Disclosure of share-based compensation information under stock plans
Stock awards or units granted (in shares)		1,969,619
Share-based compensation expense \| $		$ 16,347	$ 14,544	$ 16,604
Stock awards or units \| Selling, general and administrative expenses
Disclosure of share-based compensation information under stock plans
Share-based compensation expense \| $		$ 16,347
Performance-based awards/units
Disclosure of share-based compensation information under stock plans
Stock awards or units granted (in shares)		818,416
Performance units \| Vesting, Tranche one
Disclosure of share-based compensation information under stock plans
Vesting period		1 year
Performance units \| Minimum \| Vesting, annual vesting periods after initial vesting period
Disclosure of share-based compensation information under stock plans
Vesting period		2 years
Performance units \| Maximum \| Vesting, annual vesting periods after initial vesting period
Disclosure of share-based compensation information under stock plans
Vesting period		3 years
Target performance units
Disclosure of share-based compensation information under stock plans
Vesting period		3 years
Target performance units \| Minimum
Disclosure of share-based compensation information under stock plans
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)		0.00%
Target performance units \| Maximum
Disclosure of share-based compensation information under stock plans
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)		200.00%
Market-based awards/units
Disclosure of share-based compensation information under stock plans
Vesting period		3 years
Stock awards or units granted (in shares)		309,118
Period which award is subject to a market condition (in years)		3 years
Market-based awards/units \| Minimum
Disclosure of share-based compensation information under stock plans
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)		0.00%
Market-based awards/units \| Maximum
Disclosure of share-based compensation information under stock plans
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)		150.00%
Contingently returnable restricted stock units \| CEO
Disclosure of share-based compensation information under stock plans
Stock awards or units granted (in shares)	150,000
Implied service period	1 year
2004 Equity Incentive Plan
Disclosure of share-based compensation information under stock plans
Authorized number of shares (in shares)		29,100,000			29,100,000	15,000,000
Shares available for grant under the plan (in shares)		15,350,428	4,092,241
2004 Equity Incentive Plan \| Stock option
Disclosure of share-based compensation information under stock plans
Term of award		10 years
2004 Equity Incentive Plan \| Stock option \| Vesting, Tranche one
Disclosure of share-based compensation information under stock plans
Vesting rights (as a percentage)		25.00%
Vesting period		9 months	9 months	9 months
2004 Equity Incentive Plan \| Stock option \| Vesting, Tranche two
Disclosure of share-based compensation information under stock plans
Vesting rights (as a percentage)		25.00%
Vesting period		1 year	1 year	1 year
2004 Equity Incentive Plan \| Stock option \| Vesting, Tranche three
Disclosure of share-based compensation information under stock plans
Vesting rights (as a percentage)		25.00%
Vesting period		1 year	1 year	1 year
2004 Equity Incentive Plan \| Stock option \| Vesting, Tranche four
Disclosure of share-based compensation information under stock plans
Vesting rights (as a percentage)		25.00%
Vesting period		1 year	1 year	1 year
2004 Equity Incentive Plan \| Stock awards or units
Disclosure of share-based compensation information under stock plans
Number that new grants on or after May 1, 2017 are counted against shares authorized (excluding stock options or stock appreciation rights) (in shares)		3.54					3.54
2004 Equity Incentive Plan \| Stock awards or units \| Vesting, Tranche one
Disclosure of share-based compensation information under stock plans
Vesting rights (as a percentage)		25.00%
Vesting period		9 months	9 months	9 months
2004 Equity Incentive Plan \| Stock awards or units \| Vesting, Tranche two
Disclosure of share-based compensation information under stock plans
Vesting rights (as a percentage)		25.00%
Vesting period		1 year	1 year	1 year
2004 Equity Incentive Plan \| Stock awards or units \| Vesting, Tranche three
Disclosure of share-based compensation information under stock plans
Vesting rights (as a percentage)		25.00%
Vesting period		1 year	1 year	1 year
2004 Equity Incentive Plan \| Stock awards or units \| Vesting, Tranche four
Disclosure of share-based compensation information under stock plans
Vesting rights (as a percentage)		25.00%
Vesting period		1 year	1 year	1 year
Employee Stock Purchase Plan
Disclosure of share-based compensation information under stock plans
Authorized number of shares (in shares)		4,000,000
Purchase price of the Company's common stock determined as the lower of the closing price at the beginning or end of the quarterly stock purchase period (expressed as a percentage)		85.00%
Share-based compensation expense \| $		$ 160	$ 145	$ 163
Minimum holding period for shares purchased under the ESPP (in months)		6 months
Period before the end of each fiscal quarter prohibited for trading, as per Company's securities trading policy (in days)		14 days
Period after public announcement of earnings prohibited for trading, as per Company's securities trading policy (in days)		2 days
2006 Non-Employee Directors Stock Grant and Stock Option Plan
Disclosure of share-based compensation information under stock plans
Authorized number of shares (in shares)		1,850,000						1,850,000	2,000,000
Shares available for grant under the plan (in shares)		495,489	582,639
Retained Earnings \| Accounting Standards Update 2016-09
Disclosure of share-based compensation information under stock plans
Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance \| $		$ (268)

Share-Based Compensation (Details 2) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Number of Shares
Options outstanding at the beginning of the period (in shares)	2,857,012
Granted (in shares)	1,283,175
Exercised (in shares)	(123,775)
Forfeited (in shares)	(88,625)
Expired (in shares)	(15,375)
Options outstanding at the end of the period (in shares)	3,912,412	2,857,012
Exercisable at the end of the period (in shares)	2,232,456
Options exercisable and expected to vest at the end of the period (in shares)	3,912,412
Weighted Average Exercise Price
Options outstanding at the beginning of the period (in dollars per share)	$ 24.30
Granted (in dollars per share)	11.22
Exercised (in dollars per share)	11.22
Forfeited (in dollars per share)	25.39
Expired (in dollars per share)	41.14
Options outstanding at the end of the period (in dollars per share)	20.33	$ 24.30
Exercisable at the end of the period (in dollars per share)	24.56
Options exercisable and expected to vest at the end of the period (in dollars per share)	$ 20.33
Weighted Average Remaining Contractual Term (Years)
Options outstanding at the end of the period (in years/months/days)	4 years 9 months 15 days
Exercisable at the end of the period (in years/months/days)	6 years 6 months 8 days
Options exercisable and expected to vest at the end of the period (in years/months/days)	4 years 9 months 15 days
Aggregate Intrinsic Value
Options outstanding at the end of the period (in dollars)	$ 3,930
Exercisable at the end of the period (in dollars)	668
Options exercisable and expected to vest at the end of the period (in dollars)	$ 3,930
Additional disclosures
Weighted average fair values of stock options granted during the period (in dollars per share)	$ 1.57	$ 3.53	$ 3.75
Total intrinsic value of options exercised (in dollars)	$ 700		$ 100
Cash received from option exercises	1,400	$ 200	$ 300
Unrecognized compensation cost related to nonvested stock options	$ 3,700
Employee Stock Purchase Plan
Valuation Assumptions
Risk-free interest rate	1.00%	0.30%	0.10%
Expected stock price volatility	45.80%	41.10%	34.90%
Expected dividend yield	7.60%	6.20%	4.70%
Expected life (in years/months/days)	3 months	3 months	3 months
Additional disclosures
Weighted average fair values of stock options granted during the period (in dollars per share)	$ 2.85	$ 3.32	$ 4.06
Common stock issued during the period (in shares)	54,300	44,486	40,846
Average price per share (in dollars per share)	$ 10.45	$ 12.56	$ 16.17
Stock option
Valuation Assumptions
Risk-free interest rate	1.50%	1.00%	1.00%
Expected stock price volatility	37.10%	35.40%	36.70%
Expected dividend yield	8.00%	4.80%	4.70%
Expected life (in years/months/days)	4 years 4 months 24 days	4 years 2 months	3 years 9 months 28 days
Additional disclosures
Income tax benefit on recognized compensation cost	$ 800
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)	1 year 6 months 1 day
Market-based awards/units
Valuation Assumptions
Risk-free interest rate	1.40%	0.90%	0.90%
Expected stock price volatility	39.70%	36.20%	38.60%
Expected dividend yield	0.00%	0.00%	0.00%
Expected life (in years/months/days)	2 years 9 months 4 days	2 years 9 months 4 days	2 years 9 months 4 days

Share-Based Compensation (Details 3) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Stock awards or units
Number of Shares/Units
Nonvested at the beginning of the period (in shares)	1,686,204
Granted (in shares)	1,969,619
Vested (in shares)	(1,052,796)
Forfeited (in shares)	(138,461)
Nonvested at the end of the period (in shares)	2,464,566	1,686,204
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 18.80
Granted (in dollars per share)	11.41	$ 18.01	$ 18.79
Vested (in dollars per share)	17.52
Forfeited (in dollars per share)	14.94
Nonvested at the end of the period (in dollars per share)	$ 13.66	$ 18.80
Additional disclosures, awards other than options
Total fair value at grant date of previously nonvested stock awards/units that were vested during the period	$ 18.4	$ 14.7	$ 14.0
Total intrinsic value of nonvested stock awards/units that vested during the period	12.6	$ 9.4	$ 11.0
Total intrinsic value of nonvested stock awards/units outstanding	36.0
Income tax benefit on recognized compensation cost	5.6
Unrecognized compensation cost related to nonvested stock awards/units	$ 26.9
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)	1 year 7 months 1 day
Excess tax shortfall included in cash flows from operating activities	$ 1.3
Performance-based units
Number of Shares/Units
Nonvested at the beginning of the period (in shares)	787,849
Granted (in shares)	818,416
Vested (in shares)	(290,645)
Forfeited (in shares)	(14,699)
Nonvested at the end of the period (in shares)	1,300,921	787,849
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 19.17
Granted (in dollars per share)	11.17
Vested (in dollars per share)	19.85
Forfeited (in dollars per share)	16.60
Nonvested at the end of the period (in dollars per share)	$ 14.01	$ 19.17
Market-based awards/units
Number of Shares/Units
Nonvested at the beginning of the period (in shares)	323,825
Granted (in shares)	309,118
Vested (in shares)	(244,466)
Forfeited (in shares)	0
Nonvested at the end of the period (in shares)	388,477	323,825
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 16.63
Granted (in dollars per share)	12.03
Vested (in dollars per share)	17.72
Forfeited (in dollars per share)	0.00
Nonvested at the end of the period (in dollars per share)	$ 12.28	$ 16.63

Fair Value Measurements (Details) € in Millions	12 Months Ended
Fair Value Measurements (Details) € in Millions	Feb. 03, 2018 USD ($)	Feb. 03, 2018 EUR (€)	Jan. 28, 2017 USD ($)	Feb. 03, 2018 EUR (€)
Transfers of financial instruments between the three levels of fair value hierarchy
Value of transfers between levels	$ 0		$ 0
Private equity fund
Investment in private equity fund
Payments to acquire investment in private equity fund	500,000	€ 0.5
Unfunded commitment to invest in private equity fund	5,700,000			€ 4.5
Private equity fund \| Other assets
Investment in private equity fund
Investment in private equity fund	500,000			€ 0.5
Assets and liabilities measured at fair value on a recurring basis
Assets:
Foreign exchange currency contracts, Assets	51,000		9,868,000
Interest rate swap	1,460,000		876,000
Total Assets	1,511,000		10,744,000
Liabilities:
Foreign exchange currency contracts, Liabilities	18,089,000		1,424,000
Deferred compensation obligations	13,476,000		11,184,000
Total Liabilities	31,565,000		12,608,000
Assets and liabilities measured at fair value on a recurring basis \| Level 1
Assets:
Foreign exchange currency contracts, Assets	0		0
Interest rate swap	0		0
Total Assets	0		0
Liabilities:
Foreign exchange currency contracts, Liabilities	0		0
Deferred compensation obligations	0		0
Total Liabilities	0		0
Assets and liabilities measured at fair value on a recurring basis \| Level 2
Assets:
Foreign exchange currency contracts, Assets	51,000		9,868,000
Interest rate swap	1,460,000		876,000
Total Assets	1,511,000		10,744,000
Liabilities:
Foreign exchange currency contracts, Liabilities	18,089,000		1,424,000
Deferred compensation obligations	13,476,000		11,184,000
Total Liabilities	31,565,000		12,608,000
Assets and liabilities measured at fair value on a recurring basis \| Level 3
Assets:
Foreign exchange currency contracts, Assets	0		0
Interest rate swap	0		0
Total Assets	0		0
Liabilities:
Foreign exchange currency contracts, Liabilities	0		0
Deferred compensation obligations	0		0
Total Liabilities	$ 0		$ 0

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017
ASSETS:
Derivatives, assets	$ 1,511	$ 10,744
LIABILITIES:
Derivatives, liabilities	18,089	1,424
Derivatives designated as hedging instruments \| Cash flow hedges
ASSETS:
Derivatives, assets	1,501	6,948
Derivatives designated as hedging instruments \| Foreign exchange currency contracts \| Other current assets/Other assets \| Cash flow hedges
ASSETS:
Derivatives, assets	41	6,072
Derivatives designated as hedging instruments \| Foreign exchange currency contracts \| Accrued expenses/Other long-term liabilities \| Cash flow hedges
LIABILITIES:
Derivatives, liabilities	13,789	1,250
Derivatives designated as hedging instruments \| Interest rate swap \| Other assets \| Cash flow hedges
ASSETS:
Derivatives, assets	1,460	876
Derivatives not designated as hedging instruments \| Foreign exchange currency contracts \| Other current assets/Other assets
ASSETS:
Derivatives, assets	10	3,796
Derivatives not designated as hedging instruments \| Foreign exchange currency contracts \| Accrued expenses
LIABILITIES:
Derivatives, liabilities	$ 4,300	$ 174

Derivative Financial Instruments (Details 2) - USD ($)	12 Months Ended
Derivative Financial Instruments (Details 2) - USD ($)	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Foreign exchange currency contracts designated as cash flow hedges
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ (14,369,000)	$ 5,400,000	$ 7,252,000
Foreign exchange currency cash flow hedge unrealized loss to be recognized in cost of product sales or other income over the following 12 months	(10,000,000)
Interest rate swap cash flow hedge unrealized gain to be recognized in interest expense after the following 12 months	1,100,000
Foreign exchange currency contracts
Foreign exchange currency contracts designated as cash flow hedges
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	(15,500,000)
Interest rate swap
Foreign exchange currency contracts designated as cash flow hedges
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ 1,100,000
Derivatives designated as hedging instruments \| Europe \| Cash flow hedges
Foreign exchange currency contracts designated as cash flow hedges
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	17 months
Derivatives designated as hedging instruments \| Canada \| Cash flow hedges
Foreign exchange currency contracts designated as cash flow hedges
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	17 months
Derivatives designated as hedging instruments \| Foreign exchange currency contracts \| Europe \| Cash flow hedges
Foreign exchange currency contracts designated as cash flow hedges
U.S. dollar forward contracts purchased, total notional amount	$ 147,600,000
Notional amount of derivative outstanding	145,800,000	104,200,000
Derivatives designated as hedging instruments \| Foreign exchange currency contracts \| Canada \| Cash flow hedges
Foreign exchange currency contracts designated as cash flow hedges
U.S. dollar forward contracts purchased, total notional amount	25,700,000
Notional amount of derivative outstanding	$ 38,700,000	66,900,000
Derivatives designated as hedging instruments \| Interest rate swap \| Cash flow hedges
Foreign exchange currency contracts designated as cash flow hedges
U.S. dollar forward contracts purchased, total notional amount		21,500,000
Notional amount of derivative outstanding		$ 21,500,000
Fixed rate of interest rate swap designated as a cash flow hedge (as a percent)	3.06%

Derivative Financial Instruments (Details 3) - USD ($)

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings

Amount of ineffectiveness recognized in net earnings (loss) on interest rate swap

$ 0

Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)

Beginning balance gain

5,400,000

7,252,000

Net gains (losses) from changes in cash flow hedges

(20,408,000)

1,059,000

Net (gains) losses reclassified to earnings (loss)

414,000

(2,911,000)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

^[1]

(1,210,000)

Ending balance gain (loss)

(14,369,000)

5,400,000

$ 7,252,000

Foreign exchange currency contracts

Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)

Ending balance gain (loss)

(15,500,000)

Foreign exchange currency contracts | Cash flow hedges | Derivatives designated as hedging instruments

Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

^[2]

Interest rate swap

Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)

Ending balance gain (loss)

1,100,000

Interest rate swap | Cash flow hedges | Derivatives designated as hedging instruments

Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

^[2]

(225,000)

Interest rate swap | Cash flow hedges | Derivatives designated as hedging instruments | Accounting Standards Update 2018-02

Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance

(225,000)

Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings

Gain recognized in OCI on foreign exchange currency contracts

(22,497,000)

9,301,000

Gain (loss) reclassified from accumulated OCI into earnings on foreign exchange currency contracts

^[3]

14,000

3,518,000

8,314,000

Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings

Gain recognized in OCI on foreign exchange currency contracts

(1,163,000)

227,000

500,000

Gain (loss) reclassified from accumulated OCI into earnings on foreign exchange currency contracts

^[3]

(583,000)

301,000

833,000