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GUARANTEES
9 Months Ended
Nov. 02, 2014
Guarantees [Abstract]  
GUARANTEES
GUARANTEES

The Company guaranteed to a landlord the payment of rent and related costs by the tenant currently occupying space previously leased by the Company. The maximum amount guaranteed as of November 2, 2014 is approximately $3.8 million, which is subject to exchange rate fluctuation. The Company has the right to seek recourse of approximately $2.4 million as of November 2, 2014, which is subject to exchange rate fluctuation. The guarantee expires on May 19, 2016. The estimated fair value of this guarantee obligation was immaterial as of November 2, 2014.

In connection with the sale of substantially all of the assets of the Company’s Bass business in the fourth quarter of 2013, the Company guaranteed lease payments for substantially all Bass retail stores included in the sale pursuant to the terms of noncancelable leases expiring on various dates through 2022. These guarantees include minimum rent payments and relate to leases that commenced prior to the sale of the Bass assets. In certain instances, the Company’s guarantee remains in effect when an option is exercised to extend the term of the lease, which is the case for certain of the leases that have been extended to expire on various dates into 2028. The maximum amount guaranteed for all leases as of November 2, 2014 is $62.8 million and the Company has the right to seek recourse from the buyer of the Bass assets for the full amount. The estimated fair value of these guarantee obligations as of November 2, 2014 is $3.2 million, which is included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheet.

The Company has certain other guarantees whereby it guaranteed the payment of amounts on behalf of certain other parties, none of which are material individually or in the aggregate.