ACTIVITY EXIT COSTS

9 Months Ended

Oct. 28, 2012

Notes to Financial Statements [Abstract]

Tommy Hilfiger Integration and Exit Costs

In connection with the Company’s acquisition of Tommy Hilfiger and the related integration, the Company incurred certain costs related to severance and termination benefits, long-lived asset impairments, inventory liquidations and lease/contract terminations, including costs associated with the exit of certain Tommy Hilfiger product categories. Such costs were as follows:



	Total Expected to be Incurred		Incurred During the Thirteen Weeks Ended 10/28/12		Incurred During the Thirty-Nine Weeks Ended 10/28/12		Cumulative Incurred to Date
Severance, termination benefits and other costs	$	33,364	$	477	$	1,156	$	33,364
Long-lived asset impairments	11,276		—		259		11,276
Inventory liquidation costs	10,210		—		—		10,210
Lease/contract termination and related costs	34,689		5,488		6,562		34,189
Total	$	89,539	$	5,965	$	7,977	$	89,039

The charges incurred during the thirty-nine weeks ended October 28, 2012 and the remaining costs expected to be incurred relate principally to corporate expenses not allocated to any reportable segment.

Liabilities for severance and termination benefits and lease/contract termination costs recorded in connection with the acquisition and integration of Tommy Hilfiger were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:



	Liability at 1/29/12		Costs Incurred During the Thirty-Nine Weeks Ended 10/28/12		Costs Paid During the Thirty-Nine Weeks Ended 10/28/12		Liability at 10/28/12
Severance, termination benefits and other costs	$	4,305	$	1,156	$	4,273	$	1,188
Lease/contract termination and related costs	4,492		6,562		6,764		4,290
Total	$	8,797	$	7,718	$	11,037	$	5,478

Costs Related to Exit from Timberland Men’s and Izod Women’s Businesses

The Company negotiated during the second quarter of 2011 an early termination of its license to market sportswear under the Timberland brand. The termination was completed in the second quarter of 2012. In connection with this termination, the Company incurred certain costs related to severance and termination benefits, long-lived asset impairments, contract termination and other costs. All expected costs related to this termination were incurred during 2011.

The Company announced in the fourth quarter of 2011 that it would be exiting the Izod women’s wholesale sportswear business during 2012. In connection with this exit, the Company incurred certain costs related to severance and termination benefits. All expected costs related to this exit were incurred during 2011.

Liabilities for severance and termination benefits and contract termination costs recorded in connection with the Company’s early termination of the license to market sportswear under the Timberland brand and exit from the Izod women’s wholesale sportswear business were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:



	Liability at 1/29/12		Costs Incurred During the Thirty-Nine Weeks Ended 10/28/12		Costs Paid During the Thirty-Nine Weeks Ended 10/28/12		Liability at 10/28/12
Severance, termination benefits and other costs	$	1,310	$	—	$	1,192	$	118
Lease/contract termination and related costs	5,029		—		5,029		—
Total	$	6,339	$	—	$	6,221	$	118

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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