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GUARANTEES
3 Months Ended
May. 01, 2016
Guarantees [Abstract]  
GUARANTEES
GUARANTEES

The Company guaranteed to a landlord the payment of rent and related costs by the tenant occupying space previously leased by the Company. The maximum amount guaranteed as of May 1, 2016 was approximately $3.5 million, which was subject to exchange rate fluctuation. The Company had the right to seek recourse of approximately $2.2 million as of May 1, 2016, which was subject to exchange rate fluctuation. The guarantee expired on May 19, 2016. The estimated fair value of this guarantee obligation was immaterial as of May 1, 2016, January 31, 2016 and May 3, 2015.

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. The maximum amount guaranteed for all leases as of May 1, 2016 was $36.8 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 May 1, 2016, January 31, 2016 and May 3, 2015 was $1.8 million, $1.9 million and $2.8 million, respectively, which was included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets. Please see Note 11, “Fair Value Measurements,” for a further discussion.

In connection with the Company’s investments in PVH Australia and CK India, the Company has guaranteed a portion of the entities’ debt and other obligations. The maximum amount guaranteed as of May 1, 2016 was approximately $8.0 million, which is subject to exchange rate fluctuation. The guarantees are in effect for the entire terms of the respective obligations. The estimated fair value of these guarantee obligations was immaterial as of May 1, 2016, January 31, 2016 and May 3, 2015.

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.