Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2015

A summary of rent expense follows (in thousands):



	2014			2013			2012
Store rent:
Fixed minimum⁽¹⁾	$	432,794		$	464,937		$	414,061
Contingent	8,886			8,624			16,828
Deferred lease credits amortization	(38,437		)	(45,899		)	(45,926		)
Total store rent expense	403,243			427,662			384,963
Buildings, equipment and other	4,619			4,987			6,259
Total rent expense	$	407,862		$	432,649		$	391,222

⁽¹⁾Includes lease termination fees of $12.4 million, $39.2 million and $3.4 million for Fiscal 2014, Fiscal 2013 and Fiscal 2012, respectively. For Fiscal 2014 and Fiscal 2013, lease termination fees of $6.8 million and $39.1 million, respectively, related to the Gilly Hicks restructuring.

Schedule of Operating Lease Commitments Under Non-Cancelable Leases

A summary of operating lease commitments, including leasehold financing obligations, under non-cancelable leases follows (in thousands):



Fiscal 2015	$	409,046
Fiscal 2016	$	366,909
Fiscal 2017	$	279,960
Fiscal 2018	$	210,674
Fiscal 2019	$	165,307
Thereafter	$	525,286

Schedule of Weighted Average Number of Shares

Weighted-Average Shares Outstanding and Anti-Dilutive Shares (in thousands):



	2014		2013		2012
Shares of Common Stock issued	103,300		103,300		103,300
Treasury shares	(31,515	)	(26,143	)	(21,360	)
Weighted-Average — Basic shares	71,785		77,157		81,940
Dilutive effect of share-based compensation awards	1,152		1,509		1,235
Weighted-Average — Diluted shares	72,937		78,666		83,175
Anti-dilutive shares ⁽¹⁾	6,144		4,630		5,228


⁽¹⁾	Reflects the number of shares subject to outstanding share-based compensation awards but excluded from the computation of net income per diluted share because the impact would be anti-dilutive.

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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