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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands
12 Months Ended
Feb. 03, 2018
Jan. 28, 2017
Jan. 30, 2016
Income Statement [Abstract]      
Product sales $ 2,290,999,000 $ 2,118,534,000 $ 2,100,454,000
Net royalties 72,755,000 71,919,000 84,041,000
Net revenue [1],[2] 2,363,754,000 2,190,453,000 [3] 2,184,495,000 [3]
Cost of product sales 1,534,906,000 1,445,413,000 1,397,065,000
Gross profit 828,848,000 745,040,000 787,430,000
Selling, general and administrative expenses 743,823,000 682,559,000 666,130,000
Net (gains) losses on lease terminations 11,373,000 (695,000) (2,337,000)
Asset impairment charges 8,479,000 34,385,000 2,287,000
Restructuring charges 0 6,083,000 0
Earnings from operations [2] 65,173,000 22,708,000 121,350,000
Other income (expense):      
Interest expense (2,431,000) (1,897,000) (1,953,000)
Interest income 4,106,000 1,890,000 1,045,000
Other income, net 3,423,000 30,909,000 6,837,000
Total other income 5,098,000 30,902,000 5,929,000
Earnings before income tax expense 70,271,000 53,610,000 127,279,000
Income tax expense [4] 74,172,000 28,212,000 42,464,000
Net earnings (loss) (3,901,000) 25,398,000 84,815,000
Net earnings attributable to noncontrolling interests 3,993,000 2,637,000 2,964,000
Net earnings (loss) attributable to Guess, Inc. $ (7,894,000) $ 22,761,000 $ 81,851,000
Net earnings (loss) per common share attributable to common stockholders (Note 18):      
Basic (in dollars per share) $ (0.11) $ 0.27 $ 0.97
Diluted (in dollars per share) $ (0.11) $ 0.27 $ 0.96
Weighted average common shares outstanding attributable to common stockholders (Note 18):      
Basic (in shares) 82,189 83,666 84,264
Diluted (in shares) 82,189 83,829 84,525
Dividends declared per common share (in dollars per share) $ 0.9 $ 0.9 $ 0.90
[1] During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation. This reclassification had no impact on previously reported earnings from operations.
[2] The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018.
[3] During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.
[4] During fiscal 2018, the Company adopted authoritative guidance which requires all income tax effects of stock awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity. As a result, the Company recorded tax shortfalls of approximately $1.3 million in the Company’s income tax expense during fiscal 2018.