SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION (Tables)

6 Months Ended

Jul. 02, 2011

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Consolidating Financial Statements

        The following condensed consolidating balance sheets, statements of operations and statements of cash flows for the "Issuers" (consisting of Jones and Jones USA, Jones Holdings, JAG Footwear, which are all our subsidiaries that act as co-issuers and co-obligors) and the "Others" (consisting of all of our other subsidiaries, excluding all obligor subsidiaries) have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information. Separate financial statements and other disclosures concerning Jones are not presented as Jones has no independent operations or assets. There are no contractual restrictions on distributions from Jones USA, Jones Holdings or JAG Footwear to Jones.

Condensed Consolidating Balance Sheets

(In millions)

		July 2, 2011											December 31, 2010
			Issuers			Others		Elim- inations			Cons- olidated			Issuers			Others		Elim- inations			Cons- olidated
ASSETS
CURRENT ASSETS:
	Cash and cash equivalents	$	91.0		$	55.4	$	-		$	146.4		$	163.0		$	37.8	$	-		$	200.8
	Accounts receivable		200.5			177.8		-			378.3			210.2			135.4		-			345.6
	Inventories		291.7			231.7		(0.2	)		523.2			289.4			176.5		-			465.9
	Prepaid and refundable income taxes		10.0			0.2		1.3			11.5			3.3			0.1		15.3			18.7
	Deferred taxes		11.6			14.6		-			26.2			15.1			12.9		-			28.0
	Prepaid expenses and other current assets		24.6			19.7		-			44.3			22.1			10.0		-			32.1
	TOTAL CURRENT ASSETS		629.4			499.4		1.1			1,129.9			703.1			372.7		15.3			1,091.1
Property, plant and equipment - net			75.0			195.2		-			270.2			75.1			151.3		-			226.4
Due from affiliates			-			1,457.6		(1,457.6	)		-			-			1,512.4		(1,512.4	)		-
Goodwill			46.7			212.2		-			258.9			46.7			115.1		-			161.8
Other intangibles - net			7.3			940.0		-			947.3			7.7			719.0		-			726.7
Deferred taxes			85.3			-		(85.3	)		-			84.2			-		(84.2	)		-
Investments in and loans to affiliates			3,000.8			43.6		(3,000.8	)		43.6			2,677.5			40.2		(2,677.5	)		40.2
Other assets			90.4			18.7		-			109.1			68.7			17.5		-			86.2
	TOTAL ASSETS	$	3,934.9		$	3,366.7	$	(4,542.6	)	$	2,759.0		$	3,663.0		$	2,928.2	$	(4,258.8	)	$	2,332.4
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
	Current portion of long-term debt and capital lease obligations	$	-		$	1.9	$	-		$	1.9		$	-		$	1.8	$	-		$	1.8
	Current portion of acquisition consideration payable		21.6			1.4		-			23.0			14.1			-		-			14.1
	Accounts payable		136.2			94.0		-			230.2			145.9			67.5		-			213.4
	Income taxes payable		9.3			9.4		(18.3	)		0.4			-			4.4		(4.4	)		-
	Accrued expenses and other current liabilities		73.7			68.8		-			142.5			85.5			56.9		-			142.4
	TOTAL CURRENT LIABILITIES		240.8			175.5		(18.3	)		398.0			245.5			130.6		(4.4	)		371.7
NONCURRENT LIABILITIES:
	Long-term debt		825.2			0.2		-			825.4			509.7			0.2		-			509.9
	Obligations under capital leases		-			24.3		-			24.3			-			25.2		-			25.2
	Deferred taxes		-			147.8		(72.9	)		74.9			-			72.1		(71.8	)		0.3
	Income taxes payable		8.7			-		-			8.7			6.3			-		-			6.3
	Acquisition consideration payable		206.7			-		-			206.7			199.9			1.4		-			201.3
	Due to affiliates		1,457.6			-		(1,457.6	)		-			1,512.4			-		(1,512.4	)		-
	Other		60.0			19.1		-			79.1			57.0			22.4		-			79.4
	TOTAL NONCURRENT LIABILITIES		2,558.2			191.4		(1,530.5	)		1,219.1			2,285.3			121.3		(1,584.2	)		822.4
	TOTAL LIABILITIES		2,799.0			366.9		(1,548.8	)		1,617.1			2,530.8			251.9		(1,588.6	)		1,194.1
EQUITY:
	Common stock and additional paid-in capital		540.3			2,340.5		(2,340.5	)		540.3			542.8			2,096.2		(2,096.2	)		542.8
	Retained earnings		605.5			655.1		(649.3	)		611.3			597.8			574.9		(568.9	)		603.8
	Accumulated other comprehensive (loss) income		(9.9	)		4.0		(4.0	)		(9.9	)		(8.4	)		5.1		(5.1	)		(8.4	)
	Total Jones stockholders' equity		1,135.9			2,999.6		(2,993.8	)		1,141.7			1,132.2			2,676.2		(2,670.2	)		1,138.2
	Noncontrolling interest		-			0.2		-			0.2			-			0.1		-			0.1
	TOTAL EQUITY		1,135.9			2,999.8		(2,993.8	)		1,141.9			1,132.2			2,676.3		(2,670.2	)		1,138.3
	TOTAL LIABILITIES AND EQUITY	$	3,934.9		$	3,366.7	$	(4,542.6	)	$	2,759.0		$	3,663.0		$	2,928.2	$	(4,258.8	)	$	2,332.4

Condensed Consolidating Statements of Operations

(In millions)

	Fiscal Quarter Ended July 2, 2011											Fiscal Quarter Ended July 3, 2010
		Issuers			Others			Elim- inations			Cons- olidated		Issuers			Others			Elim- inations			Cons- olidated
Net sales	$	557.3		$	324.1		$	(4.7	)	$	876.7	$	606.1		$	246.1		$	(3.2	)	$	849.0
Licensing income		0.1			10.3			-			10.4		-			10.3			-			10.3
Other revenues		0.3			-			-			0.3		0.3			-			-			0.3
Total revenues		557.7			334.4			(4.7	)		887.4		606.4			256.4			(3.2	)		859.6
Cost of goods sold		356.3			210.2			(2.2	)		564.3		375.7			167.7			(1.0	)		542.4
Gross profit		201.4			124.2			(2.5	)		323.1		230.7			88.7			(2.2	)		317.2
Selling, general and administrative expenses		227.2			53.3			(2.3	)		278.2		231.2			33.2			(2.5	)		261.9
Operating (loss) income		(25.8	)		70.9			(0.2	)		44.9		(0.5	)		55.5			0.3			55.3
Net interest expense (income) and financing costs		38.0			(1.0	)		-			37.0		15.7			(1.4	)		-			14.3
Equity in income (loss) of unconsolidated affiliate		-			0.7			-			0.7		-			-			-			-
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries		(63.8	)		72.6			(0.2	)		8.6		(16.2	)		56.9			0.3			41.0
(Benefit) provision for income taxes		(17.5	)		20.7			-			3.2		(2.8	)		18.1			(0.1	)		15.2
Equity in earnings of subsidiaries		51.5			-			(51.5	)		-		38.9			-			(38.9	)		-
Net income		5.2			51.9			(51.7	)		5.4		25.5			38.8			(38.5	)		25.8
Less: income attributable to noncontrolling interest		-			0.2			-			0.2		-			0.1			-			0.1
Income attributable to Jones	$	5.2		$	51.7		$	(51.7	)	$	5.2	$	25.5		$	38.7		$	(38.5	)	$	25.7

	Fiscal Six Months Ended July 2, 2011											Fiscal Six Months Ended July 3, 2010
		Issuers			Others			Elim- inations			Cons- olidated		Issuers			Others			Elim- inations			Cons- olidated
Net sales	$	1,174.9		$	660.3		$	(9.5	)	$	1,825.7	$	1,232.1		$	499.9		$	(6.8	)	$	1,725.2
Licensing income		0.1			22.4			-			22.5		-			21.3			-			21.3
Other revenues		0.5			-			-			0.5		0.4			-			-			0.4
Total revenues		1,175.5			682.7			(9.5	)		1,848.7		1,232.5			521.2			(6.8	)		1,746.9
Cost of goods sold		764.5			434.1			(3.7	)		1,194.9		766.9			338.5			(1.9	)		1,103.5
Gross profit		411.0			248.6			(5.8	)		653.8		465.6			182.7			(4.9	)		643.4
Selling, general and administrative expenses		447.9			105.4			(5.6	)		547.7		455.2			61.6			(5.0	)		511.8
Operating (loss) income		(36.9	)		143.2			(0.2	)		106.1		10.4			121.1			0.1			131.6
Net interest expense (income) and financing costs		60.6			(2.4	)		-			58.2		29.1			(2.8	)		-			26.3
Equity in income (loss) of unconsolidated affiliate		-			2.0			-			2.0		-			(1.8	)		-			(1.8	)
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries		(97.5	)		147.6			(0.2	)		49.9		(18.7	)		122.1			0.1			103.5
(Benefit) provision for income taxes		(23.4	)		42.1			-			18.7		(0.3	)		38.7			(0.1	)		38.3
Equity in earnings of subsidiaries		105.0			-			(105.0	)		-		83.4			-			(83.4	)		-
Net income		30.9			105.5			(105.2	)		31.2		65.0			83.4			(83.2	)		65.2
Less: income attributable to noncontrolling interest		-			0.4			-			0.4		-			0.3			-			0.3
Income attributable to Jones	$	30.9		$	105.1		$	(105.2	)	$	30.8	$	65.0		$	83.1		$	(83.2	)	$	64.9

Condensed Consolidating Statements of Cash Flows

(In millions)

		Fiscal Six Months Ended July 2, 2011												Fiscal Six Months Ended July 3, 2010
			Issuers			Others			Elim- inations			Cons- olidated			Issuers			Others			Elim- inations			Cons- olidated
Net cash provided by operating activities		$	21.3		$	57.8		$	(13.5	)	$	65.6		$	11.1		$	15.7		$	(0.8	)	$	26.0
Cash flows from investing activities:
	Capital expenditures		(24.5	)		(25.0	)		-			(49.5	)		(6.0	)		(10.3	)		-			(16.3	)
	Acquisition of KG Group Holdings Limited, net of cash acquired		(150.0	)		6.9			-			(143.1	)		-			-			-			-
	Acquisition of Stuart Weitzman Holdings, LLC, net of cash acquired		-			-			-			-			(180.3	)		21.0			-			(159.3	)
	Acquisition of Moda Nicola International, LLC		-			-			-			-			(14.4	)		-			-			(14.4	)
	Other		-			-			-			-			-			0.1			-			0.1
	Net cash (used in) provided by investing activities		(174.5	)		(18.1	)		-			(192.6	)		(200.7	)		10.8			-			(189.9	)
Cash flows from financing activities:
	Issuance of 6.875% Senior Notes due 2019		300.0			-			-			300.0			-			-			-			-
	Debt issuance costs		(6.8	)		-			-			(6.8	)		-			-			-			-
	Costs related to revolving credit agreement		(2.9	)		-						(2.9	)		(7.2	)		-			-			(7.2	)
	Repayment of acquired debt of KG Group Holdings Limited		(174.1	)		-			-			(174.1	)		-			-			-			-
	Cash distributions to selling members of Stuart Weitzman Holdings, LLC		-			-			-			-			-			(19.0	)		-			(19.0	)
	Dividends paid		(8.5	)		(13.5	)		13.5			(8.5	)		(8.6	)		(0.8	)		0.8			(8.6	)
	Acquisition of treasury stock		(28.0	)		-			-			(28.0	)		-			-			-			-
	Payments of acquisition consideration payable		-			(6.2	)		-			(6.2	)		-			(0.7	)		-			(0.7	)
	Proceeds from exercise of employee stock options		-			-			-			-			0.6			-			-			0.6
	Other items, net		1.5			(1.2	)		-			0.3			-			(1.7	)		-			(1.7	)
	Net cash provided by (used in) financing activities		81.2			(20.9	)		13.5			73.8			(15.2	)		(22.2	)		0.8			(36.6	)
Effect of exchange rates on cash			-			(1.2	)		-			(1.2	)		-			0.3			-			0.3
Net (decrease) increase in cash and cash equivalents			(72.0	)		17.6			-			(54.4	)		(204.8	)		4.6			-			(200.2	)
Cash and cash equivalents, beginning			163.0			37.8			-			200.8			322.1			11.3			-			333.4
Cash and cash equivalents, ending		$	91.0		$	55.4		$	-		$	146.4		$	117.3		$	15.9		$	-		$	133.2