FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Oct. 30, 2011

10. Fair Value Measurements [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that were required to be remeasured at fair value on a recurring basis during the thirty-nine weeks endedOctober 30, 2011 and October 31, 2010, respectively:

	Fair Value Measurement Using
October 30, 2011	Level 1	Level 2		Level 3	Total Fair Value
Derivative instrument assets
Foreign currency forward exchange contracts	N/A	$	1,724	N/A	$	1,724
Interest rate contracts	N/A	281		N/A	281
Total	N/A	$	2,005	N/A	$	2,005
Derivative instrument liabilities
Foreign currency forward exchange contracts	N/A	$	10,621	N/A	$	10,621
Interest rate contracts	N/A	8,106		N/A	8,106
Total	N/A	$	18,727	N/A	$	18,727
October 31, 2010
Derivative instrument assets
Foreign currency forward exchange contracts	N/A	$	1,280	N/A	$	1,280
Derivative instrument liabilities
Foreign currency forward exchange contracts	N/A	$	18,414	N/A	$	18,414

The fair value of the foreign currency forward exchange contracts related to inventory purchases is measured as the total amount of currency to be purchased, multiplied by the difference between (i) the forward rate as of the period end and (ii) the settlement rate specified in each contract.

The fair values of the interest rate contracts are based on observable interest rate yield curves and represent the expected discounted cash flows underlying the financial instruments.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis and Recorded Impairment [Table Text Block]

The following table shows the fair value of the Company’s non-financial assets and liabilities that were required to be remeasured at fair value on a nonrecurring basis (consisting of property and equipment and other long-lived assets) during the thirty-nine weeks ended October 30, 2011 and October 31, 2010, and the total impairments recorded as a result of the remeasurement process:

	Fair Value Measurement Using
	Level 1	Level 2		Level 3		Fair Value As Of Impairment Date		Total Impairments For The Thirty-Nine Weeks Ended
October 30, 2011	N/A	N/A		$	—	$	—	$	2,213
October 31, 2010	N/A	$	200	$	—	$	200	$	2,558

Long-lived assets with a carrying amount of $1,151 were written down to a fair value of zero during the thirty-nine weeks ended October 30, 2011 as a result of management’s decision to permanently discontinue the use of one of its software systems. The Company ceased use of the software during the third quarter of 2011. Such assets were deemed to have no future use or economic benefit based on the Company’s analysis using market participant assumptions, and therefore no expected future cash flows. The impairment charge was included in selling, general and administrative expenses in corporate expenses not allocated to any reportable segment.

Long-lived assets with a carrying amount of $1,062 were written down to a fair value of zero during the thirty-nine weeks ended October 30, 2011 in connection with the Company’s negotiated early termination of its license to market sportswear under the Timberland brand. Such assets were deemed to have no future use or economic benefit based on the Company’s analysis using market participant assumptions, and therefore no expected future cash flows. The impairment charge was included in selling, general and administrative expenses in the Heritage Brand Wholesale Sportswear segment.

Long-lived assets with a carrying amount of $2,077 were written down to a fair value of $200 during the thirty-nine weeks ended October 31, 2010 in connection with the sale to a licensee of certain assets related to the Tommy Hilfiger children’s apparel business. Fair value was determined based on the quoted contractual selling prices of such assets, less the related selling costs. The impairment charge was included in selling, general and administrative expenses in the Tommy Hilfiger North America segment.

Long-lived assets with a carrying amount of $681 were written down to a fair value of zero during the thirty-nine weeks ended October 31, 2010 in connection with the financial performance in certain of the Company’s outlet and specialty retail stores. Fair value was determined based on the estimated discounted future cash flows associated with the assets using current sales trends and market participant assumptions. The impairment charge of $681 was included in selling, general and administrative expenses, of which $433 was recorded in the Heritage Brand Retail segment, $25 was recorded in the Other (Calvin Klein Apparel) segment, and $223 was recorded in the Tommy Hilfiger North America segment.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt as of October 30, 2011 and October 31, 2010 were as follows:

	10/30/11				10/31/10
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	159,981	$	159,981	$	491,437	$	491,437
Short-term borrowings	12,820		12,820		—		—
Long-term debt (including portion classified as current)	2,091,556		2,142,679		2,523,916		2,595,381

The fair values of cash and cash equivalents and short-term borrowings approximate their carrying values due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable quarter.