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Basis of Presentation and New Accounting Guidance (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Aug. 04, 2018
May 05, 2018
Jul. 29, 2017
Aug. 04, 2018
Jul. 29, 2017
Feb. 02, 2019
Feb. 03, 2018
Jan. 28, 2017
Fiscal year                
Number of days in fiscal year             371 days 364 days
Net gains on lease terminations                
Net gains on lease terminations $ 0   $ 0 $ (152) $ 0      
New accounting pronouncements and changes in accounting principles                
Cumulative adjustment from adoption of new accounting guidance             $ 5,829  
Retained earnings 1,105,173     1,105,173     1,132,173  
Net revenue [1],[2] 645,871   568,292 1,167,160 1,022,637      
Selling, general and administrative expenses 204,569   173,007 402,788 339,862      
Other income (expense), net 1,360   (2,169) (1,254) (281)      
Operating earnings (loss) improvement [1],[3] 31,881   23,787 6,993 (1,188)      
Accounting Standards Update 2017-07                
New accounting pronouncements and changes in accounting principles                
Selling, general and administrative expenses     (500)   (1,100)      
Other income (expense), net     (500)   (1,100)      
Operating earnings (loss) improvement     $ 500   $ 1,100      
Forecast                
Fiscal year                
Number of days in fiscal year           364 days    
North America                
Net gains on lease terminations                
Net gains on lease terminations   $ (152)   (152)        
Impact from adoption of new revenue recognition guidance | Accounting Standards Update 2014-09                
New accounting pronouncements and changes in accounting principles                
Retained earnings             $ 5,829  
Net revenue 2,100     4,400        
Selling, general and administrative expenses 1,500     4,800        
Operating earnings (loss) improvement $ 600     $ (400)        
[1] During the first quarter of fiscal 2019, the Company adopted a comprehensive new revenue recognition standard using a modified retrospective method that does not restate prior periods to be comparable to the current period presentation. The adoption of this guidance primarily impacted the presentation of advertising contributions received from the Company’s licensees and the related advertising expenditures incurred by the Company. The adoption of this guidance resulted in an increase in net royalty revenue within the Company’s Licensing segment of $2.1 million, as well as an increase in SG&A expenses in our Americas Retail, Americas Wholesale and Licensing segments as well as corporate overhead of $0.5 million, $0.2 million, $0.2 million and $0.5 million, respectively, during the three months ended August 4, 2018 compared to the same prior-year period. The net favorable impact on earnings from operations was approximately $0.6 million during the three months ended August 4, 2018 compared to the same prior-year period. During the six months ended August 4, 2018, the adoption of this guidance resulted in an increase in net royalty revenue within the Company’s Licensing segment of $4.4 million, as well as an increase in SG&A expenses in our Americas Retail, Americas Wholesale and Licensing segments as well as corporate overhead of $2.3 million, $0.9 million, $0.4 million and $1.1 million, respectively, during the six months ended August 4, 2018 compared to the same prior-year period. The net unfavorable impact on earnings from operations was approximately $0.4 million during the six months ended August 4, 2018 compared to the same prior-year period. Refer to Note 1 for more information regarding the impact from the adoption of this new standard.
[2] 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 to reflect its treatment as a reduction of the cost of such licensed product. Accordingly, net revenue for the three and six months ended July 29, 2017 has been adjusted to conform to the current period presentation. This reclassification had no impact on previously reported earnings (loss) from operations.
[3] During the first quarter of fiscal 2019, the Company adopted new authoritative guidance which requires that the non-service components of net periodic defined benefit pension cost be presented outside of earnings (loss) from operations. Accordingly, earnings (loss) from operations and segment results for the three and six months ended July 29, 2017 have been adjusted to conform to the current period presentation.