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ASSETS HELD FOR SALE (Notes)
3 Months Ended
May. 01, 2016
Assets Held For Sale [Abstract]  
ASSETS HELD FOR SALE
ASSETS HELD FOR SALE

During 2015, one of the Company’s European subsidiaries entered into an agreement to sell an owned building in Amsterdam, the Netherlands for €15.0 million (approximately $17.1 million based on the exchange rate in effect on May 1, 2016). The building had a carrying value of $15.3 million as of May 1, 2016, including $0.8 million of building improvements. The sale is expected to close in the second quarter of 2016.
The Company classified the building as held for sale beginning in the fourth quarter of 2015 and ceased recording depreciation on the building at that time. The carrying amounts in the Company’s Consolidated Balance Sheets of $15.3 million and $14.7 million as of May 1, 2016 and January 31, 2016, respectively, which were determined to be lower than the fair value, less costs to sell, were included in other current assets in the Calvin Klein International segment.