XML 122 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Aug. 04, 2013
Goodwill and Other Intangible Assets [Abstract]  
Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill for the twenty-six weeks ended August 4, 2013, by segment, were as follows:

 
Calvin Klein North America
 
Calvin Klein International
 
Tommy Hilfiger North America
 
Tommy Hilfiger International
 
Heritage Brands Wholesale
 
Total
Balance as of February 3, 2013
 
 
 
 
 
 
 
 
 
 
 
Goodwill, gross
$
207,083

 
$
201,542

 
$
198,501

 
$
1,196,619

 
$
155,142

 
$
1,958,887

Accumulated impairment losses
—

 
—

 
—

 
—

 
—

 
—

Goodwill, net
207,083

 
201,542

 
198,501

 
1,196,619

 
155,142

 
1,958,887

Contingent purchase price payments to Mr. Calvin Klein
13,406

 
9,316

 
—

 
—

 
—

 
22,722

Goodwill from acquisition of Warnaco
443,419

 
878,786

 
—

 
—

 
129,274

 
1,451,479

Currency translation
(1,930
)
 
(23,954
)
 
—

 
(38,715
)
 
(487
)
 
(65,086
)
Balance as of August 4, 2013
 
 
 
 
 
 
 
 
 
 
 
Goodwill, gross
661,978

 
1,065,690

 
198,501

 
1,157,904

 
283,929

 
3,368,002

Accumulated impairment losses
—

 
—

 
—

 
—

 
—

 
—

Goodwill, net
$
661,978

 
$
1,065,690

 
$
198,501

 
$
1,157,904

 
$
283,929

 
$
3,368,002
Schedule of Intangible Assets [Table Text Block]
The Company’s intangible assets consisted of the following:
 
8/4/13
 
2/3/13
 
7/29/12
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships(1)
$
333,064

 
$
(54,411
)
 
$
278,653

 
$
190,383

 
$
(41,158
)
 
$
149,225

 
$
171,583

 
$
(35,213
)
 
$
136,370

Covenants not to compete
2,220

 
(2,220
)
 
—

 
2,220

 
(2,220
)
 
—

 
2,220

 
(2,190
)
 
30

Order backlog(1)
128,196

 
(122,504
)
 
5,692

 
32,287

 
(32,287
)
 
—

 
32,287

 
(32,287
)
 
—

Reacquired license rights(1)
566,160

 
(12,904
)
 
553,256

 
8,565

 
(3,636
)
 
4,929

 
5,921

 
(3,163
)
 
2,758

Total intangible assets subject to amortization
1,029,640

 
(192,039
)
 
837,601

 
233,455

 
(79,301
)
 
154,154

 
212,011

 
(72,853
)
 
139,158

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intangible assets not subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames(1)
2,975,764

 
—

 
2,975,764

 
2,413,809

 
—

 
2,413,809

 
2,332,811

 
—

 
2,332,811

Perpetual license rights(1)
206,336

 
—

 
206,336

 
—

 
—

 
—

 
—

 
—

 
—

Reacquired perpetual license rights
12,617

 
—

 
12,617

 
13,042

 
—

 
13,042

 
11,774

 
—

 
11,774

Total intangible assets not subject to amortization
3,194,717

 
—

 
3,194,717

 
2,426,851

 
—

 
2,426,851

 
2,344,585

 
—

 
2,344,585

Total intangible assets
$
4,224,357

 
$
(192,039
)
 
$
4,032,318

 
$
2,660,306

 
$
(79,301
)
 
$
2,581,005

 
$
2,556,596

 
$
(72,853
)
 
$
2,483,743


(1) Change from February 3, 2013 to August 4, 2013 primarily relates to intangible assets recorded in connection with the acquisition of Warnaco. The acquired customer relationships are amortized principally over 10 years, order backlog is amortized principally over 6 months and reacquired license rights are amortized principally over 33 years from the date of the acquisition. As of August 4, 2013, the weighted average life of the amortizable intangible assets recorded in connection with the acquisition of Warnaco was 27.7 years.
Schedule of Expected Amortization Expense [Table Text Block]
Amortization expense, a portion of which is subject to exchange rate fluctuation, for the remainder of 2013 and the next five years thereafter related to the Company’s intangible assets as of August 4, 2013 is expected to be as follows:

Fiscal Year
 
Amount
Remainder of 2013
 
$
28,951

2014
 
44,823

2015
 
44,482

2016
 
44,482

2017
 
44,482

2018
 
44,482