GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Jan. 29, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill, by segment, were as follows:



	Heritage Brand Wholesale Dress Furnishings			Heritage Brand Wholesale Sportswear		Calvin Klein Licensing			Tommy Hilfiger North America		Tommy Hilfiger International			Total
Balance as of January 31, 2010
Goodwill, gross	$	74,932		$	84,553	$	259,694		$	—	$	—		$	419,179
Accumulated impairment losses	—			—		—			—		—			—
Goodwill, net	74,932			84,553		259,694			—		—			419,179
Contingent purchase price payments to Mr. Calvin Klein	—			—		45,335			—		—			45,335
Goodwill from acquisition of Tommy Hilfiger	—			—		—			198,501		1,073,328			1,271,829
Goodwill from acquisition of Tommy Hilfiger handbag license	—			—		—			—		6,430			6,430
Disposal of goodwill	(4,157		)	—		—			—		—			(4,157		)
Currency translation	(186		)	—		(105		)	—		82,162			81,871
Balance as of January 30, 2011
Goodwill, gross	70,589			84,553		304,924			198,501		1,161,920			1,820,487
Accumulated impairment losses	—			—		—			—		—			—
Goodwill, net	70,589			84,553		304,924			198,501		1,161,920			1,820,487
Contingent purchase price payments to Mr. Calvin Klein	—			—		51,309			—		—			51,309
Currency translation	—			—		(198		)	—		(49,123		)	(49,321		)
Balance as of January 29, 2012
Goodwill, gross	70,589			84,553		356,035			198,501		1,112,797			1,822,475
Accumulated impairment losses	—			—		—			—		—			—
Goodwill, net	$	70,589		$	84,553	$	356,035		$	198,501	$	1,112,797		$	1,822,475

The Company is required to make contingent purchase price payments to Mr. Calvin Klein in connection with the Company’s acquisition in 2003 of all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies (collectively, “Calvin Klein”). Such payments are based on 1.15% of total worldwide net sales, as defined in the agreement (as amended) governing the Calvin Klein acquisition, of products bearing any of the Calvin Klein brands and are required to be made with respect to sales made through February 12, 2018. A significant portion of the sales on which the payments to Mr. Klein are made are wholesale sales by the Company and its licensees and other partners to retailers.

During the fourth quarter of 2010, the Company disposed of $4,157 of previously recorded goodwill in connection with the Company’s exit from its United Kingdom and Ireland Van Heusen dresswear and accessories business.

The Company’s intangible assets subject to amortization consisted of the following:



	Customer Relationships
	Gross Carrying Amount			Accumulated Amortization			Net
Balance as of January 31, 2010	$	35,507		$	(7,299	)	$	28,208
Amount recorded in connection with the acquisition of Tommy Hilfiger	138,724			—			138,724
Amortization	—			(9,529		)	(9,529		)
Currency translation	10,125			—			10,125
Balance as of January 30, 2011	184,356			(16,828		)	167,528
Amortization	—			(12,500		)	(12,500		)
Currency translation	(5,410		)	—			(5,410		)
Balance as of January 29, 2012	$	178,946		$	(29,328	)	$	149,618



	Covenants Not to Compete
	Gross Carrying Amount		Accumulated Amortization			Net
Balance as of January 31, 2010	$	600	$	(420	)	$	180
Amount recorded in connection with the acquisition of Tommy Hilfiger	1,527		—			1,527
Amortization	—		(649		)	(649		)
Currency translation	88		—			88
Balance as of January 30, 2011	2,215		(1,069		)	1,146
Amortization	—		(893		)	(893		)
Currency translation	3		—			3
Balance as of January 29, 2012	$	2,218	$	(1,962	)	$	256



	Order Backlog
	Gross Carrying Amount		Accumulated Amortization			Net
Balance as of January 31, 2010	$	—	$	—		$	—
Amount recorded in connection with the acquisition of Tommy Hilfiger	31,818		—			31,818
Amortization	—		(32,287		)	(32,287		)
Currency translation	469		—			469
Balance as of January 30, 2011	32,287		(32,287		)	—
Amortization	—		—			—
Currency translation	—		—			—
Balance as of January 29, 2012	$	32,287	$	(32,287	)	$	—



	License Rights
	Gross Carrying Amount			Accumulated Amortization			Net
Balance as of January 31, 2010	$	5,007		$	(1,339	)	$	3,668
Amount recorded related to acquisition of Tommy Hilfiger handbag license	919			—			919
Amortization	—			(723		)	(723		)
Currency translation	24			—			24
Balance as of January 30, 2011	5,950			(2,062		)	3,888
Amortization	—			(760		)	(760		)
Currency translation	(13		)	—			(13		)
Balance as of January 29, 2012	$	5,937		$	(2,822	)	$	3,115

Customer relationships recorded in connection with the acquisition of Tommy Hilfiger are amortized principally over 15 years from the date of acquisition. Covenants not to compete recorded in connection with the Tommy Hilfiger acquisition are amortized over two years from the date of acquisition. Order backlog recorded in connection with the Tommy Hilfiger acquisition was amortized over six months from the date of acquisition. License rights recorded in connection with the acquisition of the Tommy Hilfiger handbag license are amortized over two years from the date the Company assumed control of the acquired business. As of January 29, 2012, the weighted average remaining life of the amortizable intangible assets recorded in connection with the acquisition of Tommy Hilfiger was 13.2 years.

Customer relationships and license rights recorded as of January 31, 2010 are amortized principally over 15 years from the date of the related acquisition. Covenants not to compete recorded as of January 31, 2010 are amortized over ten years from the date of acquisition.

At the end of 2011 and 2010, accumulated amortization for other intangible assets was $66,399 and $52,246, respectively.

Amortization expense, a portion of which is subject to exchange rate fluctuation, for the next five years related to the Company’s intangible assets is expected to be as follows:



2012	$	12,844
2013	12,177
2014	12,177
2015	12,177
2016	12,177

The Company’s intangible assets not subject to amortization consisted of the following:



	Tradenames			Perpetual License Rights		Reacquired Perpetual License Rights			Total
Balance as of January 30, 2011	$	2,342,467		$	86,000	$	—		$	2,428,467
Amount recorded in connection with the reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India	—			—		13,446			13,446
Currency translation	(35,610		)	—		(914		)	(36,524		)
Balance as of January 29, 2012	$	2,306,857		$	86,000	$	12,532		$	2,405,389

- 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.

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