ACCRUED RESTRUCTURING COSTS

12 Months Ended

Dec. 31, 2011

ACCRUED RESTRUCTURING COSTS [Abstract]

ACCRUED RESTRUCTURING COSTS

ACCRUED RESTRUCTURING COSTS

Jewelry

        During 2009, we decided to discontinue the domestic manufacturing, product development and sourcing activities of our jewelry business, and also announced the closing of our jewelry distribution center during 2010. We accrued $6.3 million and $1.0 million 2009 and 2010, respectively, of termination benefits and associated employee costs for 152 employees. During 2010 and 2011, we recorded $2.7 million and $0.1 million, respectively, of lease obligation costs relating to closed facilities. These costs are reported as SG&A expenses in the domestic wholesale footwear and accessories segment.

        The details of the jewelry restructuring accruals are as follows:

(In millions)		One-time termination benefits			Lease obligations			Total jewelry restructuring
Balance, January 1, 2009	$	-		$	-		$	-
Additions		6.3			-			6.3
Payments and reductions		(3.4	)		-			(3.4	)
Balance, December 31, 2009		2.9			-			2.9
Additions		1.0			2.7			3.7
Payments and reductions		(2.6	)		(0.4	)		(3.0	)
Balance, December 31, 2010		1.3			2.3			3.6
Additions		-			0.1			0.1
Payments and reductions		(1.3	)		(0.9	)		(2.2	)
Balance, December 31, 2011	$	-		$	1.5		$	1.5

        The net accrual of $3.6 million at December 31, 2010 is reported as $2.1 million of accrued expenses and other current liabilities and $1.5 million of other noncurrent liabilities. The net accrual of $1.5 million at December 31, 2011 is reported as $0.4 million of accrued expenses and other current liabilities and $1.1 million of other noncurrent liabilities.

Texas Warehouse

        On December 1, 2009, we announced the closing of warehouse facilities in Socorro, Texas. We accrued $3.1 million and $0.3 million in 2009 and 2010, respectively, of termination benefits and associated employee costs for 220 employees. During 2010 and 2011, we recorded $6.9 million and $0.5 million, respectively, of lease obligation costs relating to the warehouse. These costs are reported as SG&A expenses in the domestic wholesale jeanswear segment. The closing was substantially completed by the end of April 2010.

        The details of the Texas warehouse restructuring accruals are as follows:

(In millions)		One-time termination benefits			Lease obligations			Total Texas warehouse restructuring
Balance, January 1, 2009	$	-		$	-		$	-
Additions		3.1			-			3.1
Balance, December 31, 2009		3.1			-			3.1
Additions		0.3			6.9			7.2
Payments and reductions		(3.4	)		(2.8	)		(6.2	)
Balance, December 31, 2010		-			4.1			4.1
Additions		-			0.5			0.5
Payments and reductions		-			(3.7	)		(3.7	)
Balance, December 31, 2011	$	-		$	0.9		$	0.9

        The net accrual of $4.1 million at December 31, 2010 is reported as accrued expenses and other current liabilities. The net accrual of $0.9 million at December 31, 2011 is reported as accrued expenses and other current liabilities.

Moderate Apparel Restructuring

        In connection with the exit from and reorganization of certain moderate apparel product lines, we decided to close certain New York offices, and on October 9, 2007, we announced the closing of warehouse facilities in Goose Creek, South Carolina. We recorded $7.2 million of one-time termination benefits and associated employee costs for approximately 440 employees. During 2009, we recorded $3.3 million of lease obligation costs and in 2010, we reversed $1.4 million of the lease obligation costs relating to a sublease of one of the warehouse facilities. All costs are reported as SG&A expenses in our domestic wholesale jeanswear segment.

        The details of the moderate apparel restructuring accruals are as follows:

(In millions)		One-time termination benefits			Lease obligations			Total moderate apparel restructuring
Balance, January 1, 2009	$	0.9		$	0.3		$	1.2
(Reversals) additions		(0.2	)		3.3			3.1
Payments and reductions		(0.7	)		(1.6	)		(2.3	)
Balance, December 31, 2009		-			2.0			2.0
Reversals		-			(1.4	)		(1.4	)
Payments and reductions		-			(0.3	)		(0.3	)
Balance, December 31, 2010		-			0.3			0.3
Payments and reductions		-			(0.1	)		(0.1	)
Balance, December 31, 2011	$	-		$	0.2		$	0.2

Retail Stores

        We continue to review our domestic retail operations for underperforming locations. As a result of these reviews, we have decided to close retail locations that no longer provide strategic benefits. During 2009, 2010 and 2011, we closed 99, 191 and 96 locations, respectively, and anticipate closing additional locations in 2012. Total termination benefits and associated employee costs are expected to be $9.2 million for approximately 2,085 employees, including both store employees and administrative support personnel. We accrued $4.6 million, $3.0 million and $1.6 million of termination benefits and associated employee costs during 2009, 2010 and 2011, respectively. In connection with our decision to close these stores, we reviewed the associated long-term assets for impairments. As a result of these reviews, we recorded $23.2 million, $9.0 million and $8.0 million of impairment losses in 2009, 2010 and 2011, respectively, on leasehold improvements and furniture and fixtures located in the stores to be closed. These costs are reported as SG&A expenses in the domestic retail segment.

        The details of the restructuring accruals are as follows:

(In millions)		One-time termination benefits
Balance, January 1, 2009	$	-
Additions		4.6
Payments and reductions		(2.7	)
Balance, December 31, 2009		1.9
Additions		3.0
Payments and reductions		(2.7	)
Balance, December 31, 2010		2.2
Additions		1.6
Payments and reductions		(2.5	)
Balance, December 31, 2011	$	1.3

        The net accrual of $2.2 million at December 31, 2010 is reported as $2.1 million of accrued expenses and other current liabilities and $0.1 million of other noncurrent liabilities. The net accrual of $1.3 million at December 31, 2011 is reported as accrued expenses and other current liabilities.