XML 79 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF (LOSS) EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jan. 31, 2015
Feb. 01, 2014
Feb. 02, 2013
Net sales:      
Total net sales $ 3,252,548us-gaap_SalesRevenueNet $ 2,473,233us-gaap_SalesRevenueNet $ 2,488,278us-gaap_SalesRevenueNet
Cost of sales:      
Total cost of sales 1,893,934us-gaap_CostOfGoodsAndServicesSold 1,384,223us-gaap_CostOfGoodsAndServicesSold 1,380,130us-gaap_CostOfGoodsAndServicesSold
Gross margin:      
Total gross margin 1,358,614us-gaap_GrossProfit 1,089,010us-gaap_GrossProfit 1,108,148us-gaap_GrossProfit
Advertising expense 168,266us-gaap_AdvertisingExpense 101,083us-gaap_AdvertisingExpense 94,422us-gaap_AdvertisingExpense
Selling, general and administrative expenses 1,117,138us-gaap_SellingGeneralAndAdministrativeExpense 848,798us-gaap_SellingGeneralAndAdministrativeExpense 815,158us-gaap_SellingGeneralAndAdministrativeExpense
Goodwill impairment charge   9,501us-gaap_GoodwillImpairmentLoss  
Operating (loss) income 73,210us-gaap_OperatingIncomeLoss 129,628us-gaap_OperatingIncomeLoss 198,568us-gaap_OperatingIncomeLoss
Interest income 356us-gaap_InvestmentIncomeInterest 385us-gaap_InvestmentIncomeInterest 648us-gaap_InvestmentIncomeInterest
Interest expense (66,032)us-gaap_InterestExpense (3,205)us-gaap_InterestExpense (1,544)us-gaap_InterestExpense
Loss on extinguishment of debt (2,158)us-gaap_GainsLossesOnExtinguishmentOfDebt    
Earnings (loss) before income taxes 5,376us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 126,808us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 197,672us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 5,471us-gaap_IncomeTaxExpenseBenefit 42,591us-gaap_IncomeTaxExpenseBenefit 65,609us-gaap_IncomeTaxExpenseBenefit
Net (loss) earnings including non-controlling interest (95)us-gaap_ProfitLoss 84,217us-gaap_ProfitLoss 132,063us-gaap_ProfitLoss
Net earnings attributable to non-controlling interest (292)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (426)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (347)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net (loss) earnings attributable to common shareholders (387)us-gaap_NetIncomeLoss 83,791us-gaap_NetIncomeLoss 131,716us-gaap_NetIncomeLoss
Net (loss) earnings per common share attributable to common shareholders:      
Basic (in dollars per share) $ (0.01)us-gaap_EarningsPerShareBasic $ 1.71us-gaap_EarningsPerShareBasic $ 2.56us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ (0.01)us-gaap_EarningsPerShareDiluted $ 1.70us-gaap_EarningsPerShareDiluted $ 2.55us-gaap_EarningsPerShareDiluted
Weighted-average common shares outstanding:      
Basic (in shares) 47,899us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 48,849us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 50,793us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 47,899us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 49,162us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 51,026us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Retail Segment      
Net sales:      
Retail clothing product 2,365,463us-gaap_SalesRevenueGoodsNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
1,667,535us-gaap_SalesRevenueGoodsNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
1,691,248us-gaap_SalesRevenueGoodsNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Tuxedo rental services 442,866mw_TuxedoRentalServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
411,864mw_TuxedoRentalServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
406,454mw_TuxedoRentalServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Alteration and other services 186,843us-gaap_SalesRevenueServicesGross
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
147,023us-gaap_SalesRevenueServicesGross
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
151,147us-gaap_SalesRevenueServicesGross
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Total net sales 2,995,172us-gaap_SalesRevenueNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
2,226,422us-gaap_SalesRevenueNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
2,248,849us-gaap_SalesRevenueNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Cost of sales:      
Retail clothing product 1,098,550us-gaap_CostOfGoodsSold
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
741,957us-gaap_CostOfGoodsSold
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
756,048us-gaap_CostOfGoodsSold
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Tuxedo rental services 84,978mw_TuxedoRentalServicesCost
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
64,308mw_TuxedoRentalServicesCost
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
56,567mw_TuxedoRentalServicesCost
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Alteration and other services 134,227us-gaap_OtherCostOfServices
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
113,729us-gaap_OtherCostOfServices
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
113,846us-gaap_OtherCostOfServices
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Occupancy costs 395,521us-gaap_OccupancyNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
290,896us-gaap_OccupancyNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
283,382us-gaap_OccupancyNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Total cost of sales 1,713,276us-gaap_CostOfGoodsAndServicesSold
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
1,210,890us-gaap_CostOfGoodsAndServicesSold
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
1,209,843us-gaap_CostOfGoodsAndServicesSold
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Gross margin:      
Retail clothing product 1,266,913mw_RetailClothingProductGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
925,578mw_RetailClothingProductGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
935,200mw_RetailClothingProductGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Tuxedo rental services 357,888mw_TuxedoRentalServicesGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
347,556mw_TuxedoRentalServicesGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
349,887mw_TuxedoRentalServicesGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Alteration and other services 52,616mw_AlterationAndOtherServicesGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
33,294mw_AlterationAndOtherServicesGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
37,301mw_AlterationAndOtherServicesGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Occupancy costs (395,521)mw_OccupancyCostsGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
(290,896)mw_OccupancyCostsGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
(283,382)mw_OccupancyCostsGrossMargin
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Total gross margin 1,281,896us-gaap_GrossProfit
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
1,015,532us-gaap_GrossProfit
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
1,039,006us-gaap_GrossProfit
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Goodwill impairment charge   9,501us-gaap_GoodwillImpairmentLoss
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
 
Operating (loss) income 63,281us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
120,247us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
194,679us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= mw_RetailSegmentMember
Corporate Apparel Segment      
Net sales:      
Total net sales 257,376us-gaap_SalesRevenueNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
246,811us-gaap_SalesRevenueNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
239,429us-gaap_SalesRevenueNet
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
Cost of sales:      
Total cost of sales 180,658us-gaap_CostOfGoodsAndServicesSold
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
173,333us-gaap_CostOfGoodsAndServicesSold
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
170,287us-gaap_CostOfGoodsAndServicesSold
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
Gross margin:      
Total gross margin 76,718us-gaap_GrossProfit
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
73,478us-gaap_GrossProfit
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
69,142us-gaap_GrossProfit
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
Operating (loss) income $ 9,929us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
$ 9,381us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember
$ 3,889us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= mw_CorporateApparelSegmentMember