UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

x ~~QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

For the quarterly period ended ~~April, 28, 2012~~May 4, 2013

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

o ~~TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

For the transition period from to

Commission file number 1-16097

THE MEN’S WEARHOUSE, INC.

(Exact Name of Registrant as Specified in its Charter)

Texas		74-1790172
(State or Other Jurisdiction of		(I.R.S. Employer
Incorporation or Organization)		Identification Number)

6380 Rogerdale
Houston, Texas		77072-1624
(Address of Principal Executive Offices)		(Zip Code)

(281) 776-7000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x. No o.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x. No o.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer x		Accelerated filer o

Non-accelerated filer o		Smaller reporting company o
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o. No x.

The number of shares of common stock of the Registrant, par value $.01 per share, outstanding at ~~May 29, 2012~~June 3, 2013 was ~~50,920,144~~50,314,765 excluding ~~21,316,347~~22,557,877 shares classified as Treasury Stock.

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REPORT INDEX

Part and Item No.		Page No.

PART I — Financial Information

Item 1 — Condensed Consolidated Financial Statements

General Information		1

Condensed Consolidated Balance Sheets as of May 4, 2013 (unaudited), April 28, 2012 (unaudited), ~~April 30, 2011 (unaudited),~~ and ~~January 28, 2012~~February 2, 2013		2

Condensed Consolidated Statements of Earnings for the Quarter Ended ~~April 28, 2012~~May 4, 2013 (unaudited) and April ~~30, 2011~~28, 2012 (unaudited)		3

Condensed Consolidated Statements of Comprehensive Income for the Quarter Ended ~~April 28, 2012~~May 4, 2013 (unaudited) and April ~~30, 2011~~28, 2012 (unaudited)		4

Condensed Consolidated Statements of Cash Flows for the Quarter Ended ~~April 28, 2012~~May 4, 2013 (unaudited) and April ~~30, 2011~~28, 2012 (unaudited)		5

Notes to Condensed Consolidated Financial Statements (unaudited)		6

Item 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations		21

Item 3 — Quantitative and Qualitative Disclosures about Market Risk		2930

Item 4 — Controls and Procedures		2930

PART II — Other Information

Item 1 — Legal Proceedings		30

Item 1A — Risk Factors		30

Item 2— Unregistered Sales of Equity Securities and Use of Proceeds		31

Item 6 — Exhibits		32

SIGNATURES		3233

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Forward-Looking and Cautionary Statements

Certain statements made in this Quarterly Report on Form 10-Q and in other public filings and press releases by the Company (as defined below) contain “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risk and uncertainty. These forward-looking statements may include, but are not limited to, references to ~~future capital expenditures, acquisitions,~~ sales, earnings, margins, costs, number and costs of store openings, future capital expenditures, acquisitions, demand for clothing, market trends in the retail and corporate apparel clothing business, currency fluctuations, inflation and various economic and business trends. Forward-looking statements may be made by management orally or in writing, including, but not limited to, Management’s Discussion and Analysis of Financial Condition and Results of Operations included in this Quarterly Report on Form 10-Q and other sections of our filings with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, and the Securities Act of 1933, as amended.

Forward-looking statements are not guarantees of future performance and a variety of factors could cause actual results to differ materially from the anticipated or expected results expressed in or suggested by these forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to: actions by governmental ~~entities,~~entities; domestic and international economic activity and inflation; success, or lack thereof, in executing our internal operating plans and new store and new market expansion plans, including successful integration of acquisitions; performance issues with key suppliers; disruption in buying trends due to homeland security concerns; severe weather; foreign currency fluctuations; government export and import policies; aggressive advertising or marketing activities of competitors; and legal proceedings. Future results will also be dependent upon our ability to continue to identify and complete successful expansions and penetrations into existing and new markets and our ability to integrate such expansions with our existing operations. Refer to “Risk Factors” contained in Part I of our Annual Report on Form 10-K for the year ended ~~January 28, 2012~~February 2, 2013 for a more complete discussion of these and other factors that might affect our performance and financial results. These forward-looking statements are intended to convey the Company’s expectations about the future, and speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

PART I. FINANCIAL INFORMATION

ITEM 1 — CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

GENERAL INFORMATION

The condensed consolidated financial statements herein include the accounts of The Men’s Wearhouse, Inc. and its subsidiaries and have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). As applicable under such regulations, certain information and footnote disclosures have been condensed or omitted. We believe that the presentation and disclosures herein are adequate to make the information not misleading, and the condensed consolidated financial statements reflect all elimination entries and normal recurring adjustments which are necessary for a fair statement of the results for the quarters ended May 4, 2013 and April 28, ~~2012 and April 30, 2011.~~2012.

Our business historically has been seasonal in nature, and the operating results of the interim periods presented are not necessarily indicative of the results that may be achieved for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended ~~January 28, 2012~~February 2, 2013 and the related notes thereto included in the Company’s Annual Report on Form 10-K for the year then ended filed with the SEC.

Unless the context otherwise requires, “Company”, “we”, “us” and “our” refer to The Men’s Wearhouse, Inc. and its subsidiaries.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

	April 28, 2012			April 30, 2011			January 28, 2012			May 4, 2013			April 28, 2012			February 2, 2013
	(Unaudited)			(Unaudited)						(Unaudited)			(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	118,716		$	145,657		$	125,306		$	155,099		$	118,716		$	156,063
Accounts receivable, net	69,249			72,004			56,669			64,468			69,249			63,010
Inventories	606,522			521,082			572,502			598,916			606,522			556,531
Other current assets	66,392			67,911			70,906			66,544			66,392			79,549

Total current assets	860,879			806,654			825,383			885,027			860,879			855,153

PROPERTY AND EQUIPMENT, net	367,628			329,592			355,717			390,077			367,628			389,118

TUXEDO RENTAL PRODUCT, net	112,368			95,180			99,814			144,089			112,368			126,825
GOODWILL	89,230			91,021			87,782			87,313			89,230			87,835
INTANGIBLE ASSETS, net	33,961			38,343			33,711			31,357			33,961			32,442
OTHER ASSETS	4,745			7,642			3,545			6,318			4,745			4,974

TOTAL ASSETS	$	1,468,811		$	1,368,432		$	1,405,952		$	1,544,181		$	1,468,811		$	1,496,347

LIABILITIES AND EQUITY

CURRENT LIABILITIES:
Accounts payable	$	159,058		$	153,144		$	123,445		$	161,533		$	159,058		$	123,983
Accrued expenses and other current liabilities	179,172			170,847			154,395			185,133			179,172			164,344
Income taxes payable	967			597			3,435			6,366			967			5,856

Total current liabilities	339,197			324,588			281,275			353,032			339,197			294,183

DEFERRED TAXES AND OTHER LIABILITIES	100,935			70,736			92,858			92,099			100,935			92,929

Total liabilities	440,132			395,324			374,133			445,131			440,132			387,112

COMMITMENTS AND CONTINGENCIES (Note 3 and Note 13)

EQUITY:
Preferred stock	—			—			—			—			—			—
Common stock	721			714			718			728			721			725
Capital in excess of par	368,025			343,846			362,735			388,497			368,025			386,254
Retained earnings	1,113,130			1,024,168			1,095,535			1,214,087			1,113,130			1,190,246
Accumulated other comprehensive income	44,647			52,793			36,921			33,824			44,647			36,924
Treasury stock, at cost	(510,615		)	(461,760		)	(476,749		)	(550,815		)	(510,615		)	(517,894		)

Total equity attributable to common shareholders	1,015,908			959,761			1,019,160			1,086,321			1,015,908			1,096,255

Noncontrolling interest	12,771			13,347			12,659
Non-controlling interest										12,729			12,771			12,980

Total equity	1,028,679			973,108			1,031,819			1,099,050			1,028,679			1,109,235

TOTAL LIABILITIES AND EQUITY	$	1,468,811		$	1,368,432		$	1,405,952		$	1,544,181		$	1,468,811		$	1,496,347

See Notes to Condensed Consolidated Financial Statements.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except per share data)

(Unaudited)

	For the Quarter Ended						For the Quarter Ended
	April 28, 2012			April 30, 2011			May 4, 2013			April 28, 2012
Net sales:
Retail clothing product	$	420,469		$	410,261		$	423,737		$	420,469
Tuxedo rental services	78,489			73,141			98,482			78,489
Alteration and other services	37,734			37,309			37,962			37,734
Total retail sales	536,692			520,711			560,181			536,692
Corporate apparel clothing product sales	49,882			59,673			56,355			49,882
Total net sales	586,574			580,384			616,536			586,574

Cost of sales:
Retail clothing product	188,606			187,373			185,483			188,606
Tuxedo rental services	11,013			9,807			14,498			11,013
Alteration and other services	27,558			26,301			28,418			27,558
Occupancy costs	68,698			67,171			71,274			68,698
Total retail cost of sales	295,875			290,652			299,673			295,875
Corporate apparel clothing product cost of sales	36,650			43,099			38,943			36,650
Total cost of sales	332,525			333,751			338,616			332,525

Gross margin:
Retail clothing product	231,863			222,888			238,254			231,863
Tuxedo rental services	67,476			63,334			83,984			67,476
Alteration and other services	10,176			11,008			9,544			10,176
Occupancy costs	(68,698		)	(67,171		)	(71,274		)	(68,698		)
Total retail gross margin	240,817			230,059			260,508			240,817
Corporate apparel clothing product gross margin	13,232			16,574			17,412			13,232
Total gross margin	254,049			246,633			277,920			254,049

Selling, general and administrative expenses	213,102			202,996			225,367			213,102

Operating income	40,947			43,637			52,553			40,947

Interest income	128			44			121			128
Interest expense	(433		)	(312		)	(344		)	(433		)
Earnings before income taxes	40,642			43,369			52,330			40,642
Provision for income taxes	14,062			16,177			19,374			14,062
Net earnings including noncontrolling interest	26,580			27,192
Net loss attributable to noncontrolling interest	304			233
Net earnings including non-controlling interest							32,956			26,580
Net loss attributable to non-controlling interest							135			304

Net earnings attributable to common shareholders	$	26,884		$	27,425		$	33,091		$	26,884

Net earnings per common share attributable to common shareholders (Note 2):
Basic	$	0.52		$	0.52		$	0.65		$	0.52
Diluted	$	0.52		$	0.52		$	0.65		$	0.52

Weighted average common shares outstanding (Note 2):
Weighted-average common shares outstanding (Note 2):
Basic	50,932			51,918			50,607			50,932
Diluted	51,237			52,197			50,788			51,237

Cash dividends declared per common share	$	0.18		$	0.12		$	0.18		$	0.18

See Notes to Condensed Consolidated Financial Statements.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

(Unaudited)

	For the Quarter Ended						For the Quarter Ended
	April 28, 2012			April 30, 2011			May 4, 2013			April 28, 2012

Net earnings including noncontrolling interest	$	26,580		$	27,192
Net earnings including non-controlling interest							$	32,956		$	26,580

Currency translation adjustments, net of tax	8,142			15,107			(3,216		)	8,142

Comprehensive income including noncontrolling interest	34,722			42,299
Comprehensive income including non-controlling interest							29,740			34,722

Comprehensive loss attributable to noncontrolling interest:
Comprehensive (income) loss attributable to non-controlling interest:

Net loss	304			233			135			304
Currency translation adjustments, net of tax	(416		)	(680		)	116			(416		)

Amounts attributable to noncontrolling interest	(112		)	(447		)
Amounts attributable to non-controlling interest							251			(112		)

Comprehensive income attributable to common shareholders	$	34,610		$	41,852		$	29,991		$	34,610

See Notes to Condensed Consolidated Financial Statements.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	For the Quarter Ended						For the Quarter Ended
	April 28, 2012			April 30, 2011			May 4, 2013			April 28, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings including noncontrolling interest	$	26,580		$	27,192
Net earnings including non-controlling interest							$	32,956		$	26,580
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	20,681			18,652			21,355			20,681
Tuxedo rental product amortization	5,988			5,546			7,328			5,988
Loss on disposition of assets	1,081			88			412			1,081
Deferred rent expense	276			359
Share-based compensation	4,117			2,970			4,498			4,117
Excess tax benefits from share-based plans	(1,960		)	(691		)	(199		)	(1,960		)
Deferred tax provision	8,430			7,097			4,455			8,430
Deferred rent expense and other							1,173			276
Changes in operating assets and liabilities:
Accounts receivable	(11,161		)	(8,900		)	(1,846		)	(11,161		)
Inventories	(30,059		)	(27,266		)	(43,710		)	(30,059		)
Tuxedo rental product	(18,157		)	(10,204		)	(24,787		)	(18,157		)
Other assets	(2,433		)	7,983			7,666			(2,433		)
Accounts payable, accrued expenses and other current liabilities	60,335			58,584			61,381			60,335
Income taxes payable	(445		)	(1,818		)	294			(445		)
Other liabilities	2,047			(558		)	(310		)	2,047

Net cash provided by operating activities	65,320			79,034			70,666			65,320

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(30,664		)	(14,284		)	(25,127		)	(30,664		)
Proceeds from sales of property and equipment	8			22			38			8

Net cash used in investing activities	(30,656		)	(14,262		)	(25,089		)	(30,656		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock	3,233			1,539			1,359			3,233
Cash dividends paid	(9,357		)	(6,409		)	(9,263		)	(9,357		)
Deferred financing costs							(1,771		)	—
Tax payments related to vested deferred stock units	(4,017		)	(2,955		)	(3,310		)	(4,017		)
Excess tax benefits from share-based plans	1,960			691			199			1,960
Purchase of treasury stock	(33,866		)	(48,999		)
Repurchases of common stock							(33,009		)	(33,866		)

Net cash used in financing activities	(42,047		)	(56,133		)	(45,795		)	(42,047		)

Effect of exchange rate changes	793			647			(746		)	793

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(6,590		)	9,286
DECREASE IN CASH AND CASH EQUIVALENTS							(964		)	(6,590		)
Balance at beginning of period	125,306			136,371			156,063			125,306

Balance at end of period	$	118,716		$	145,657		$	155,099		$	118,716

See Notes to Condensed Consolidated Financial Statements.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. Significant Accounting Policies

Basis of Presentation —The condensed consolidated financial statements herein include the accounts of The Men’s Wearhouse, Inc. and its subsidiaries (the “Company”) and have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). As applicable under such regulations, certain information and footnote disclosures have been condensed or omitted. We believe that the presentation and disclosures herein are adequate to make the information not misleading, and the condensed consolidated financial statements reflect all elimination entries and normal recurring adjustments which are necessary for a fair presentation of the financial position, results of operations and cash flows at the dates and for the periods presented. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended ~~January 28, 2012.~~February 2, 2013.

The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual amounts could differ from those estimates.

Recent Accounting Pronouncements —In ~~September 2011,~~February 2013, the Financial Accounting Standards Board (“FASB”) issued updated guidance regarding the reporting of amounts reclassified out of accumulated other comprehensive income. The update requires disclosure of amounts reclassified out of accumulated other comprehensive income by component. In addition, entities are required to present, either on the face of the statement of operations or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required to be reclassified to net income in its entirety in the same reporting period. For amounts not reclassified in their entirety to net income, entities are required to cross-reference to other disclosures that provide additional detail about those amounts. As this update only affects disclosure requirements its adoption at the beginning of fiscal 2013 had no impact on our financial position, results of operations or cash flows.

In July 2012, the FASB issued updated guidance regarding testing ~~goodwill~~indefinite-lived intangible assets for impairment. The ~~updated guidance~~amendments in this update will allow an entity to first assess qualitative factors to determine whether it is necessary to perform ~~the two-step goodwill~~a quantitative impairment test. Under these amendments, an entity would not be required to calculate the fair value of ~~a reporting unit~~an indefinite-lived intangible asset unless the entity determines, based on a qualitative assessment, that it is more likely than not that ~~its fair value~~the indefinite-lived intangible asset is ~~less than its carrying amount.~~impaired. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment. The ~~amended guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The~~ adoption of this update at the beginning of our 2013 fiscal year had no impact on our financial position, results of operations or cash flows but may change the way we perform our ~~annual goodwill impairment test in the fourth quarter~~testing of ~~2012.~~

In June 2011, the FASB issued updated guidance regarding the presentation of comprehensive income. The updated guidance allows an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. The update does not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. In December 2011, the FASB issued a “Deferral of the Effective Dateindefinite-lived intangible assets for Amendments of the Presentation of Reclassification of Items Out of Accumulated Other Comprehensive Income.” This defers only the changes that relate to the presentation of reclassification adjustments on the face of the financial statements where the components of net income and the components of other comprehensive income are presented. We present comprehensive income in a separate statement to the accompanying financial statements. The adoption of this update had no impact on our financial position, results of operations or cash flows.

In May 2011, the FASB updated the guidance regarding certain accounting and disclosure requirements related to fair value measurements. The updated guidance amends U.S. Generally Accepted Accounting Principles (“GAAP”) to create more commonality with International Financial Reporting Standards (“IFRS”) by changing some of the wording used to describe requirements for measuring fair value and for disclosing information about fair value measurements. The adoption of this update at the beginning of our 2012 fiscal year did not have a material impact on our financial position, results of operations or cash flows.impairment.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

2. Earnings per Share

Basic earnings per common share attributable to common shareholders is determined using the two-class method and is computed by dividing net earnings attributable to common shareholders by the weighted-average common shares outstanding during the period. Diluted earnings per common share attributable to common shareholders reflects the more dilutive earnings per common share amount calculated using the treasury stock method or the two-class method.

The following table sets forth the computation of basic and diluted earnings per common share attributable to common shareholders (in thousands, except per share amounts). Basic and diluted earnings per common share attributable to common shareholders are computed using the actual net earnings available to common shareholders and the actual weighted-average common shares outstanding rather than the rounded numbers presented within our condensed consolidated statement of earnings and the accompanying notes. As a result, it may not be possible to recalculate earnings per common share attributable to common shareholders in our condensed consolidated statement of earnings and the accompanying notes.

	For the Quarter Ended						For the Quarter Ended
	April 28, 2012			April 30, 2011			May 4, 2013			April 28, 2012

Numerator
Total net earnings attributable to common shareholders	$	26,884		$	27,425		$	33,091		$	26,884
Net earnings allocated to participating securities (restricted stock and deferred stock units)	(426		)	(294		)
Net earnings allocated to participating securities							(312		)	(426		)
Net earnings attributable to common shareholders	$	26,458		$	27,131		$	32,779		$	26,458
Denominator
Basic weighted average common shares outstanding	50,932			51,918
Basic weighted-average common shares outstanding							50,607			50,932
Effect of dilutive securities:
Stock options and equity-based compensation	305			279			181			305
Diluted weighted average common shares outstanding	51,237			52,197
Diluted weighted-average common shares outstanding							50,788			51,237
Net earnings per common share attributable to common shareholders:
Basic	$	0.52		$	0.52		$	0.65		$	0.52
Diluted	$	0.52		$	0.52		$	0.65		$	0.52

For the quarters ended May 4, 2013 and April 28, 2012, 0.3 million and ~~April 30, 2011,~~ 0.2 million ~~and 0.5 million~~ anti-dilutive shares of common stock ~~options~~ were excluded from the calculation of diluted earnings per common share attributable to common shareholders, respectively.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

3. Debt

~~We have~~On April 12, 2013, we entered into a ~~revolving credit facility~~Third Amended and Restated Credit Agreement (the “Credit Agreement”), with a group of banks ~~(the “Credit Agreement”)~~to amend and restate our existing credit facility, which provided the Company with a revolving credit facility that was scheduled to mature on January 26, 2016.

The Credit Agreement provides for a total senior revolving credit facility of ~~$200.0~~$300.0 million, with possible future increases to ~~$300.0~~$450.0 million ~~upon additional lender commitments, that~~under an expansion feature, and which matures on ~~January 26, 2016.~~April 12, 2018. In addition, the Credit Agreement provides for a $100.0 million term loan, available in a single advance during the 120 day period after the closing date. If drawn, the term loan will be repaid over five years, with 10% payable annually in quarterly installments and the remainder due at maturity. The Credit Agreement is secured by the stock of certain of our subsidiaries. The Credit Agreement has several borrowing and interest rate options including the following indices: (i) adjusted LIBO rate, (ii) adjusted EURIBO rate, (iii) ~~CDO~~CDOR rate, (iv) Canadian prime rate or (v) an alternate base rate (equal to the greater of the prime rate, the federal funds rate plus 0.5% or the adjusted LIBO rate for a one month period plus 1.0%). Advances under the Credit Agreement bear interest at a rate per annum using the applicable indices plus a varying interest rate margin of up to ~~2.75%~~2.50%. The Credit Agreement also provides for fees applicable to amounts available to be drawn under outstanding letters of credit which range from ~~2.00%~~1.75% to ~~2.75%~~2.50%, and a fee on unused commitments which ranges from 0.35% to 0.50%. As of ~~April 28, 2012,~~May 4, 2013, there were no borrowings outstanding under the Credit Agreement.

The Credit Agreement contains certain restrictive and financial covenants, including the requirement to maintain certain financial ratios. The restrictive provisions in the Credit Agreement reflect an overall covenant structure that is generally representative of a commercial loan made to an investment-grade company. Our debt, however, is not rated and we have not sought, and are not seeking, a rating of our debt. We were in compliance with the covenants in the Credit Agreement as of ~~April 28, 2012.~~May 4, 2013.

We utilize letters of credit primarily to secure inventory purchases and as collateral for workers compensation claims. At ~~April 28, 2012,~~May 4, 2013, letters of credit totaling approximately ~~$23.3~~$21.3 million were issued and outstanding. Borrowings available under our Credit Agreement at ~~April 28, 2012~~May 4, 2013 were ~~$176.7~~$278.7 million.

4. Supplemental Cash Flows

Supplemental disclosure of cash flow information is as follows (in thousands):

	For the Quarter Ended				For the Quarter Ended
	April 28, 2012		April 30, 2011		May 4, 2013			April 28, 2012
Cash paid during the quarter for:
Interest	$	328	$	177	$	199		$	328
Income taxes, net	$	6,786	$	2,405	$	9,795		$	6,786

Schedule of noncash investing and financing activities:
Tax benefit related to share-based plans	$	1,960	$	633
Additional capital in excess of par resulting from tax benefit (deficiency) related to share-based plans					$	(319	)	$	1,960
Cash dividends declared	$	9,271	$	6,219	$	9,247		$	9,271

We had unpaid capital expenditure purchases accrued in accounts payable, accrued expenses and other current liabilities of approximately $11.5 million and $11.0 million at May 4, 2013 and ~~$4.9 million at~~ April 28, 2012, ~~and April 30, 2011,~~ respectively. Capital expenditure purchases are recorded as cash outflows from investing activities in the condensed consolidated statement of cash flows in the period they are paid.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

5. Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes and Other Liabilities

Other current assets consist of the following (in thousands):

April 28,
2012

April 30,
2011

January 28,
2012

Prepaid expenses

$
34,657

$
31,766

$
32,266

Current deferred tax asset

22,396

27,329

29,392

Tax receivable

2,233

4,309

1,564

Other

7,106

4,507

7,684

Total other current assets

$
66,392

$
67,911

$
70,906

Accrued expenses and other current liabilities consist of the following (in thousands):

Accrued salary, bonus, sabbatical and vacation

$
39,198

$
37,514

$
61,544

Sales, value added, payroll and property taxes payable

30,661

27,998

18,176

Accrued workers compensation and medical costs

17,533

17,493

17,590

Customer deposits, prepayments and refunds payable

51,889

48,949

17,521

Unredeemed gift certificates

13,343

12,890

14,895

Loyalty program reward certificates

6,735

6,964

6,537

Cash dividends declared

9,271

6,219

9,339

Other

10,542

12,820

8,793

Total accrued expenses and other current liabilities

$
179,172

$
170,847

$
154,395

Deferred taxes and other liabilities consist of the following (in thousands):

Deferred rent and landlord incentives

$
51,446

$
48,765

$
50,953

Non-current deferred and other income tax liabilities

37,618

16,114

34,812

Other

11,871

5,857

7,093

Total deferred taxes and other liabilities

$
100,935

$
70,736

$
92,858

	May 4, 2013		April 28, 2012		February 2, 2013

Prepaid expenses	$	34,464	$	34,657	$	35,403
Current deferred tax assets	21,200		22,396		26,607
Taxes receivable	3,169		2,233		8,040
Other	7,711		7,106		9,499

Total other current assets	$	66,544	$	66,392	$	79,549

Accrued expenses and other current liabilities consist of the following (in thousands):

	May 4, 2013		April 28, 2012		February 2, 2013
Accrued salary, bonus, sabbatical, vacation and other benefits	$	42,846	$	39,198	$	55,555
Customer deposits, prepayments and refunds payable	50,667		51,889		20,276
Sales, value added, payroll, property and other taxes payable	26,981		30,661		23,801
Accrued workers compensation and medical costs	19,294		17,533		19,146
Unredeemed gift certificates	14,069		13,343		15,535
Cash dividends declared	9,247		9,271		9,260
Loyalty program reward certificates	7,178		6,735		6,930
Other	14,851		10,542		13,841

Total accrued expenses and other current liabilities	$	185,133	$	179,172	$	164,344

Deferred taxes and other liabilities consist of the following (in thousands):

	May 4, 2013		April 28, 2012		February 2, 2013
Deferred rent and landlord incentives	$	53,501	$	51,446	$	52,814
Non-current deferred and other income tax liabilities	37,440		37,618		38,810
Other	1,158		11,871		1,305

Total deferred taxes and other liabilities	$	92,099	$	100,935	$	92,929

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

6. Equity and ~~Noncontrolling~~Non-Controlling Interest

A reconciliation of the total carrying amount of the Company’s equity accounts for the quarter ended May 4, 2013 is as follows (in thousands):

	Common Stock		Capital in Excess of Par			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock, at Cost			Total Equity Attributable to Common Shareholders			Non- Controlling Interest			Total Equity
BALANCES — February 2, 2013	$	725	$	386,254		$	1,190,246		$	36,924		$	(517,894	)	$	1,096,255		$	12,980		$	1,109,235
Net earnings (loss)	—		—			33,091			—			—			33,091			(135		)	32,956
Other comprehensive loss	—		—			—			(3,100		)	—			(3,100		)	(116		)	(3,216		)
Cash dividends	—		—			(9,250		)	—			—			(9,250		)	—			(9,250		)
Share-based compensation	—		4,498			—			—			—			4,498			—			4,498
Common stock issued under share-based award plans and to stock discount plan	3		1,356			—			—			—			1,359			—			1,359
Tax payments related to vested deferred stock units	—		(3,310		)	—			—			—			(3,310		)	—			(3,310		)
Tax deficiency related to share-based plans	—		(319		)	—			—			—			(319		)	—			(319		)
Treasury stock reissued	—		18			—			—			88			106			—			106
Repurchases of common stock	—		—			—			—			(33,009		)	(33,009		)	—			(33,009		)

BALANCES — May 4, 2013	$	728	$	388,497		$	1,214,087		$	33,824		$	(550,815	)	$	1,086,321		$	12,729		$	1,099,050

A reconciliation of the total carrying amount of the Company’s equity accounts for the quarter ended April 28, 2012 is as follows (in thousands):

Common
Stock

Capital in
Excess of
Par

Retained
Earnings

Accumulated
Other
Comprehensive
Income

Treasury
Stock, at Cost

Total
Equity
Attributable to
Common
Shareholders

Noncontrolling
Interest

Total
Equity

Balances — January 28, 2012

$
718

$
362,735

$
1,095,535

$
36,921

$
(476,749
)
$
1,019,160

$
12,659

$
1,031,819

Net earnings (loss)

—

—

26,884

—

—

26,884

(304
)
26,580

Other comprehensive income

—

—

—

7,726

—

7,726

416

8,142

Cash dividends

—

—

(9,289
)
—

—

(9,289
)
—

(9,289
)
Share-based compensation

—

4,117

—

—

—

4,117

—

4,117

Common stock issued to stock discount plan

—

624

—

—

—

624

—

624

Common stock issued upon exercise of stock options

1

2,608

—

—

—

2,609

—

2,609

Common stock issued pursuant to restricted stock and deferred stock unit awards

2

(2
)
—

—

—

—

—

—

Tax payments related to vested deferred stock units

—

(4,017
)
—

—

—

(4,017
)
—

(4,017
)
Tax benefit related to share-based plans

—

1,960

—

—

—

1,960

—

1,960

Treasury stock purchased

—

—

—

—

(33,866
)
(33,866
)
—

(33,866
)
Balances — April 28, 2012

$
721

$
368,025

$
1,113,130

$
44,647

$
(510,615
)
$
1,015,908

$
12,771

$
1,028,679

~~A reconciliation of the total carrying amount of the Company’s equity accounts for the quarter ended April 30, 2011 is as follows(in thousands):~~

	Common Stock		Capital in Excess of Par			Retained Earnings			Accumulated Other Comprehensive Income		Treasury Stock, at Cost			Total Equity Attributable to Common Shareholders			Noncontrolling Interest			Total Equity			Common Stock		Capital in Excess of Par			Retained Earnings			Accumulated Other Comprehensive Income		Treasury Stock, at Cost			Total Equity Attributable to Common Shareholders			Non- Controlling Interest			Total Equity
Balances — January 29, 2011	$	710	$	341,663		$	1,002,975		$	38,366	$	(412,761	)	$	970,953		$	12,900		$	983,853
BALANCES — January 28, 2012																							$	718	$	362,735		$	1,095,535		$	36,921	$	(476,749	)	$	1,019,160		$	12,659		$	1,031,819
Net earnings (loss)	—		—			27,425			—		—			27,425			(233		)	27,192			—		—			26,884			—		—			26,884			(304		)	26,580
Other comprehensive income	—		—			—			14,427		—			14,427			680			15,107			—		—			—			7,726		—			7,726			416			8,142
Cash dividends	—		—			(6,232		)	—		—			(6,232		)	—			(6,232		)	—		—			(9,289		)	—		—			(9,289		)	—			(9,289		)
Share-based compensation	—		2,970			—			—		—			2,970			—			2,970			—		4,117			—			—		—			4,117			—			4,117
Common stock issued to stock discount plan	—		520			—			—		—			520			—			520
Common stock issued upon exercise of stock options	1		1,018			—			—		—			1,019			—			1,019
Common stock issued pursuant to restricted stock and deferred stock unit awards	3		(3		)	—			—		—			—			—			—
Common stock issued under share-based award plans and to stock discount plan																							3		3,230			—			—		—			3,233			—			3,233
Tax payments related to vested deferred stock units	—		(2,955		)	—			—		—			(2,955		)	—			(2,955		)	—		(4,017		)	—			—		—			(4,017		)	—			(4,017		)
Tax benefit related to share-based plans	—		633			—			—		—			633			—			633			—		1,960			—			—		—			1,960			—			1,960
Treasury stock purchased	—		—			—			—		(48,999		)	(48,999		)	—			(48,999		)
Balances — April 30, 2011	$	714	$	343,846		$	1,024,168		$	52,793	$	(461,760	)	$	959,761		$	13,347		$	973,108
Repurchases of common stock																							—		—			—			—		(33,866		)	(33,866		)	—			(33,866		)

BALANCES — April 28, 2012																							$	721	$	368,025		$	1,113,130		$	44,647	$	(510,615	)	$	1,015,908		$	12,771		$	1,028,679

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

7. Treasury Stock

In ~~January 2011,~~March 2013, the Board of Directors (the “Board”) approved a $200.0 million share repurchase program for our common stock. This approval amended and increased the Company’s existing $150.0 million share repurchase program authorized by the Board in January 2011, which had a remaining authorization of ~~our common stock, which amended and increased~~$45.2 million at the ~~Company’s then existing $100.0 million share repurchase program authorized in August 2007.~~time of amendment.

~~During the first quarter of 2011, 1,822,340 shares at a cost of $48.8 million were repurchased at an average price per share of $26.78 under the January 2011 authorization.~~ During the first quarter of 2012, 861,484 shares at a cost of $33.6 million were repurchased at an average price per share of $39.01 under the Board’s January 2011 authorization. During the first quarter of 2013, 989,182 shares at a cost of $32.8 million were repurchased at an average price per share of $33.21 under the Board’s March 2013 authorization. At ~~April 28, 2012,~~May 4, 2013, the remaining balance available under the ~~January 2011~~Board’s March 2013 authorization was ~~$52.6~~$167.2 million.

During the first quarter of 2013 and 2012, ~~and 2011, 7,041~~5,378 shares and ~~7,132~~7,041 shares, respectively, at a cost of ~~$0.3~~$0.2 million and ~~$0.2~~$0.3 million, respectively, were repurchased at an average price per share of ~~$37.28~~$30.03 and ~~$27.77,~~$37.28, respectively, in private transactions to satisfy tax withholding obligations arising upon the vesting of certain restricted stock.

The following table summarizes our ~~treasury~~total common stock repurchases (in thousands, except share data and average price per share):

	For the Quarter Ended				For the Quarter Ended
	April 28, 2012		April 30, 2011		May 4, 2013		April 28, 2012

Shares repurchased	868,525		1,829,472		994,560		868,525
Total costs	$	33,866	$	48,999	$	33,009	$	33,866
Average price per share	$	38.99	$	26.78	$	33.19	$	38.99

In February 2013, 3,666 treasury shares of our common stock were reissued pursuant to a two-year service agreement with an unrelated third party. The fair value of the common stock issued was approximately $0.1 million.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. Share-Based Compensation Plans

~~We maintain several equity~~For a discussion of our share-based compensation plans ~~under which we may grant stock options, stock appreciation rights, restricted stock, deferred stock units and performance based awards~~refer to ~~full-time key employees and non-employee directors.~~ Note 9 in the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2013.

We account for share-based awards in accordance with the ~~FASB standard~~authoritative guidance regarding share-based payments, which requires the compensation cost resulting from all share-based payment transactions be recognized in the financial statements. The amount of compensation cost is measured based on the grant-date fair value of the instrument issued and is recognized over the vesting period. Share-based compensation expense recognized for the quarters ended May 4, 2013 and April 28, 2012 was $4.5 million and ~~April 30, 2011 was~~ $4.1 million, respectively.

Non-Vested Deferred Stock Units and ~~$3.0~~Restricted Stock Shares

The following table summarizes the activity of time-based and performance-based deferred stock units for the quarter ended May 4, 2013:

	Shares			Weighted-Average Grant-Date Fair Value
	Time- Based		Performance- Based	Time- Based		Performance- Based
Non-Vested at February 2, 2013	471,369		—	$	36.22	$	—
Granted	449,595		97,668	33.09		33.09
Vested (1)	(292,430	)	—	38.97		—
Forfeited	(1,244	)	—	40.13		—
Non-Vested at May 4, 2013	627,290		97,668	$	32.69	$	33.09

(1) Includes 95,660 shares relinquished for tax payments related to vested deferred stock units for the quarter ended May 4, 2013.

On April 3, 2013, our Board approved a change in the form of award agreements to be issued for grants of deferred stock units (“DSUs”) to participants under the Company’s 2004 Long-Term Incentive Plan. As revised, the award agreements provide that dividend equivalents, if any, will be accrued during the vesting period for such DSU awards and paid out only upon vesting of the underlying DSUs. As such, grants of DSU awards on or after April 3, 2013 earn dividends throughout the vesting period which are subject to the same vesting terms as the underlying share award. Grants of DSUs generally vest over a period from one to three years. DSU awards granted prior to April 3, 2013 are entitled to receive non-forfeitable dividend equivalents, if any, when and if paid to shareholders of record at the payment date. Included in the non-vested time-based awards as of May 4, 2013 are 177,695 deferred stock units granted prior to April 3, 2013.

The performance-based DSUs represent a contingent right to receive one share of common stock and generally vest in one-third tranches over a three year period, subject to the Company’s achievement of a performance target during an applicable performance period. Any unvested performance-based DSUs at the end of the performance period are rolled over and become eligible to vest in subsequent performance periods. Any performance-based DSUs that are unvested at the end of all vesting periods will lapse and be forfeited as of such time. The performance-based DSUs earn dividends throughout the vesting period and are subject to the same vesting terms as the underlying performance-based awards.

The following table summarizes the activity of restricted stock for the quarter ended May 4, 2013:

	Shares		Weighted- Average Grant-Date Fair Value
Non-Vested at February 2, 2013	99,847		$	28.55
Granted	5,166		33.89
Vested	(23,938	)	29.76
Forfeited	—		—
Non-Vested at May 4, 2013	81,075		$	28.53

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Restricted stock awards receive non-forfeitable dividends, if any, when and if paid to shareholders of record at the payment date.

As of May 4, 2013, we have unrecognized compensation expense related to non-vested deferred stock units and shares of restricted stock of approximately $22.7 million, ~~respectively.~~which is expected to be recognized over a weighted-average period of 1.5 years.

Stock Options

The following table summarizes the activity of stock ~~option activity~~options for the quarter ended ~~April 28, 2012:~~May 4, 2013:

	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at January 28, 2012	1,314,422		$	22.61
Outstanding at February 2, 2013					1,024,768		$	25.54
Granted	100,349		40.13		19,080		33.09
Exercised	(138,773	)	18.80		(34,250	)	19.14
Forfeited	(7,000	)	22.72		(5,000	)	22.72
Expired	—		—		(5	)	7.97
Outstanding at April 28, 2012	1,268,998		$	24.42
Exercisable at April 28, 2012	678,609		$	21.85
Outstanding at May 4, 2013					1,004,593		$	25.91
Exercisable at May 4, 2013					651,409		$	24.80

The weighted-average grant date fair value of the ~~100,349~~19,080 stock options granted during the quarter ended ~~April 28, 2012~~May 4, 2013 was ~~$17.21~~$13.10 per share. The following table summarizes the ~~weighted average~~weighted-average assumptions used to fair value stock options at the date of grant using the Black-Scholes option pricing model for the quarter ended ~~April 28, 2012.~~May 4, 2013.

	For the Quarter Ended
	~~April 28,~~May 4, ~~2012~~2013

Risk-free interest rate	~~1.09~~0.76	%
Expected lives	5.0 years
Dividend yield	~~2.07~~2.20	%
Expected volatility	~~58.67~~55.00	%

The assumptions presented in the table above represent the ~~weighted average~~weighted-average of the applicable assumptions used to fair value stock options. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. The expected lives represents the period of time the options are expected to be outstanding after their grant date. The dividend yield is based on the average of the annual dividend divided by the market price of our common stock at the time of declaration. Expected volatility is based on historical volatility of our common stock.

As of ~~April 28, 2012,~~May 4, 2013, we have unrecognized compensation expense related to ~~nonvested~~non-vested stock options of approximately ~~$5.9~~$3.6 million which is expected to be recognized over a ~~weighted average~~weighted-average period of ~~2.3 years.~~

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~~THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~(Unaudited)~~

~~Nonvested Deferred Stock Units and Restricted Stock Shares~~

~~The following table summarizes deferred stock unit activity for the quarter ended April 28, 2012:~~

Shares

Weighted-
Average
Grant-Date
Fair Value

Nonvested at January 28, 2012

539,749

$
28.10

Granted

330,284

40.13

Vested (1)

(350,255
)
27.68

Forfeited

(4,784
)
27.94

Nonvested at April 28, 2012

514,994

$
36.10

~~(1)~~ ~~Includes 109,335 shares relinquished for tax payments related to vested deferred stock units for the quarter ended April 28, 2012.~~

~~The following table summarizes restricted stock activity for the quarter ended April 28, 2012:~~

Shares

Weighted-
Average
Grant-Date
Fair Value

Nonvested at January 28, 2012

119,081

$
28.45

Granted

4,578

38.20

Vested

(19,360
)
27.77

Forfeited

—

—

Nonvested at April 28, 2012

104,299

$
29.01

As of April 28, 2012, we have unrecognized compensation expense related to nonvested deferred stock units and shares of restricted stock of approximately $18.6 million, which is expected to be recognized over a weighted average period of 1.52.1 years.

Employee Stock Purchase Plan

The Employee Stock Discount Plan (“ESDP”) allows employees to authorize after-tax payroll deductions to be used for the purchase of up to 2,137,500 shares of our common stock at 85% of the lesser of the fair market value on the first day of the offering period or the fair market value on the last day of the offering period. We make no contributions to this plan but pay all brokerage, service and other costs incurred. The plan, as amended, allows participants to purchase no more than 125 shares during any calendar quarter.

During the quarter ended April 28, 2012, employees purchased 22,452 shares under the ESDP, which had a weighted-average share price of $27.79 per share. As of April 28, 2012, 930,650 shares were reserved for future issuance under the ESDP.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

During the quarter ended May 4, 2013, employees purchased 26,873 shares under the ESDP, which had a weighted-average share price of $26.16 per share. As of May 4, 2013, 821,575 shares were reserved for future issuance under the ESDP.

9. Goodwill and Other Intangible Assets

Goodwill

Goodwill allocated to the Company’s reportable segments and changes in the net carrying amount of goodwill for the quarter ended ~~April 28, 2012~~May 4, 2013 are as follows (in thousands):

Retail

Corporate
Apparel

Total

Balance at January 28, 2012

$
59,900

$
27,882

$
87,782

Translation adjustment

557

891

1,448

Balance at April 28, 2012

$
60,457

$
28,773

$
89,230

	Retail			Corporate Apparel			Total
Balance at February 2, 2013	$	59,995		$	27,840		$	87,835
Translation adjustment	(291		)	(231		)	(522		)
Balance at May 4, 2013	$	59,704		$	27,609		$	87,313

Goodwill is evaluated for impairment annually as of our fiscal year end. A more frequent evaluation is performed if events or circumstances indicate that impairment could have occurred. Such events or circumstances could include, but are not limited to, new significant negative industry or economic trends, unanticipated changes in the competitive environment, decisions to significantly modify or dispose of operations and a significant sustained decline in the market price of our stock. No additional impairment evaluation was considered necessary during the first quarter of fiscal ~~2012.~~2013.

Intangible Assets

The gross carrying amount and accumulated amortization of our identifiable intangible assets are as follows (in thousands):

	April 28, 2012			April 30, 2011			January 28, 2012			May 4, 2013			April 28, 2012			February 2, 2013

Amortizable intangible assets:
Carrying amount:
Trademarks, tradenames, and other intangibles	$	12,533		$	12,835		$	12,648		$	14,477		$	12,533		$	14,502
Customer relationships	33,225			34,141			32,149			31,818			33,225			32,098
Total carrying amount	45,758			46,976			44,797			46,295			45,758			46,600
Accumulated amortization:
Trademarks, tradenames, and other intangibles	(8,259		)	(7,870		)	(8,339		)	(8,821		)	(8,259		)	(8,663		)
Customer relationships	(4,838		)	(2,099		)	(4,005		)	(7,362		)	(4,838		)	(6,751		)
Total accumulated amortization	(13,097		)	(9,969		)	(12,344		)	(16,183		)	(13,097		)	(15,414		)
Total amortizable intangible assets, net	32,661			37,007			32,453			30,112			32,661			31,186
Infinite-lived intangible assets:
Trademarks	1,300			1,336			1,258			1,245			1,300			1,256
Total intangible assets, net	$	33,961		$	38,343		$	33,711		$	31,357		$	33,961		$	32,442

The pretax amortization expense associated with intangible assets subject to amortization totaled approximately $0.8 million ~~and $0.9 million~~ for the ~~quarter~~quarters ended May 4, 2013 and April 28, 2012, ~~and April 30, 2011,~~ respectively, and approximately ~~$3.4~~$3.3 million for the year ended ~~January 28, 2012.~~February 2, 2013. Pretax amortization associated with intangible assets subject to amortization at ~~April 28, 2012~~May 4, 2013 is estimated to be ~~$2.4~~$2.5 million for the remainder of fiscal year ~~2012,~~2013, $3.2 ~~million for fiscal year 2013 and $3.1~~ million for each of the fiscal years 2014, 2015 and ~~2016.~~2016 and $3.1 million for fiscal year 2017.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

10. Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative guidance for fair value measurements establishes a three-tier fair value hierarchy, categorizing the inputs used to measure fair value. The hierarchy can be described as follows: Level 1- observable inputs such as quoted prices in active markets; Level 2- inputs other than the quoted prices in active markets that are observable either directly or indirectly; and Level 3- unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

There were no transfers into or out of Level 1 and Level 2 during the quarter ended May 4, 2013 or April 28, 2012, ~~or April 30, 2011,~~ respectively, or during the year ended ~~January 28, 2012.~~February 2, 2013.

Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

	Fair Value Measurements at Reporting Date Using								Fair Value Measurements at Reporting Date Using
(in thousands)	Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total		Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
At April 28, 2012-
Assets:
Cash equivalents	$	20,027	$	—	$	—	$	20,027
Liabilities:
Derivative financial instruments	$	—	$	548	$	—	$	548

At January 28, 2012-
At May 4, 2013-
Assets:
Cash equivalents	$	20,017	$	—	$	—	$	20,017	$	20,059	$	—	$	—	$	20,059
Derivative financial instruments	$	—	$	14	$	—	$	14	$	—	$	138	$	—	$	138
Liabilities:
Derivative financial instruments	$	—	$	142	$	—	$	142	$	—	$	11	$	—	$	11

At April 30, 2011-
At February 2, 2013-
Assets:
Cash equivalents									$	20,054	$	—	$	—	$	20,054
Derivative financial instruments	$	—	$	207	$	—	$	207	$	—	$	215	$	—	$	215
Liabilities:
Derivative financial instruments	$	—	$	1,371	$	—	$	1,371	$	—	$	17	$	—	$	17

At April 28, 2012-
Assets:
Cash equivalents									$	20,027	$	—	$	—	$	20,027
Liabilities:
Derivative financial instruments									$	—	$	548	$	—	$	548

Cash equivalents consist of money market instruments that have original maturities of three months or less. The carrying value of cash equivalents approximates fair value due to the highly liquid and short-term nature of these instruments.

Derivative financial instruments are comprised of foreign currency forward exchange contracts primarily entered into to minimize our foreign currency exposure related to forecasted purchases of certain inventories denominated in a currency different from the operating entity’s functional currency. Our derivative financial instruments are recorded in the condensed consolidated balance sheets at fair value based upon observable market inputs. Derivative financial instruments in an asset position are included within other current assets in the condensed consolidated balance sheets. Derivative financial instruments in a liability position are included within accrued expenses and other current liabilities in the condensed consolidated balance sheets. Refer to Note 11 for further information regarding our derivative instruments.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Assets and Liabilities that are Measured at Fair Value on a Non-Recurring Basis

Long-lived assets, such as property and equipment and identifiable intangibles with finite useful lives, are periodically evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the asset carrying amount exceeds its fair value, an impairment charge is recognized in the amount by which the carrying amount exceeds the fair value of the asset. The fair values of long-lived assets held-for-use are based on our own judgments about the assumptions that market participants would use in pricing the asset and on observable market data, when available. We classify these measurements as Level 3 within the fair value hierarchy. No impairment charges were recorded for the carrying value of long-lived assets during the first quarter of ~~2012~~2013 or ~~2011.~~2012.

Fair Value of Financial Instruments

Our financial instruments, other than those presented in the disclosures above, consist of cash, accounts receivable, accounts payable and accrued expenses and other current liabilities. Management estimates that, as of May 4, 2013, April 28, 2012 ~~April 30, 2011~~ and ~~January 28, 2012,~~February 2, 2013, the carrying value of cash, accounts receivable, accounts payable and accrued expenses and other current liabilities approximate their fair value due to the highly liquid or short-term nature of these instruments.

11. Derivative Financial Instruments

We are exposed to market risk associated with foreign currency exchange rate fluctuations as a result of our direct sourcing programs and our operations in foreign countries. In connection with our direct sourcing programs, we may enter into merchandise purchase commitments that are denominated in a currency different from the functional currency of the operating entity. Our risk management policy is to hedge a significant portion of forecasted merchandise purchases for our direct sourcing programs that bear foreign exchange risk using foreign exchange forward contracts. The Company has not elected to apply hedge accounting to these transactions denominated in a foreign currency.

Our derivative financial instruments are recorded in the condensed consolidated balance sheet at fair value determined by comparing the cost of the foreign currency to be purchased under the contracts using the exchange rates obtained under the contracts (adjusted for forward points) to the hypothetical cost using the spot rate at period end.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The tables below disclose the fair value of the derivative financial instruments included in the condensed consolidated balance sheets as of May 4, 2013, February 2, 2013 and April 28, 2012 ~~January 28, 2012 and April 30, 2011~~ (in thousands):

Asset Derivatives

Liability Derivatives

Balance Sheet
Location

Fair Value

Balance Sheet
Location

Fair Value

Derivatives not designated as hedging instruments:

At April 28, 2012-

Other current

Accrued expenses and

Foreign exchange forward contracts

assets

$
—

other current liabilities

$
548

At January 28, 2012-

Other current

Accrued expenses and

Foreign exchange forward contracts

assets

$
14

other current liabilities

$
142

At April 30, 2011-

Other current

Accrued expenses and

Foreign exchange forward contracts

assets

$
207

other current liabilities

$
1,371

	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives not designated as hedging instruments:

At May 4, 2013- Foreign exchange forward contracts	Other current assets	$	138	Accrued expenses and other current liabilities	$	11

At February 2, 2013- Foreign exchange forward contracts	Other current assets	$	215	Accrued expenses and other current liabilities	$	17

At April 28, 2012- Foreign exchange forward contracts	Other current assets	$	—	Accrued expenses and other current liabilities	$	548

At May 4, 2013, we had four contracts to purchase Euros for an aggregate notional amount of US$0.5 million maturing in various increments at various dates through September 2013, eight contracts to purchase United States dollars (“USD”) for an aggregate notional amount of Canadian dollars (“CAD”) $2.0 million maturing in various increments at various dates through August 2013 and 14 contracts to purchase USD for an aggregate notional amount of pounds Sterling (“GBP”) £11.7 million maturing in various increments at various dates through October 2013. For the quarter ended May 4, 2013, we recognized a net pre-tax gain of $0.7 million in cost of sales in the condensed consolidated statement of earnings for our derivative financial instruments not designated as cash flow hedges.

At February 2, 2013, we had four contracts maturing in varying increments to purchase Euros for an aggregate notional amount of US$1.2 million maturing at various dates through May 2013, 10 contracts maturing in varying increments to purchase USD for an aggregate notional amount of CAD $4.1 million maturing at various dates through May 2013 and 16 contracts maturing in varying increments to purchase USD for an aggregate notional amount of GBP £14.0 million maturing at various dates through June 2013.

At April 28, 2012, we had 12 contracts to purchase ~~euros~~Euros for an aggregate notional amount of US$1.4 million maturing in various increments at various dates through August 2012, 11 contracts to purchase ~~United States dollars (“USD”)~~USD for an aggregate notional amount of ~~Canadian dollars (“CAD”)~~CAD $5.0 million maturing in various increments at various dates through August 2012 and 15 contracts to purchase USD for an aggregate notional amount of ~~pounds Sterling (“GBP”)~~GBP £10.9 million maturing in various increments at various dates through August 2012. For the quarter ended April 28, 2012, we recognized a net pre-tax loss of $0.8 million in cost of sales in the condensed consolidated statement of earnings for our derivative financial instruments not designated as cash flow hedges.

At January 28, 2012, we had 10 contracts maturing in varying increments to purchase euros for an aggregate notional amount of US$1.7 million maturing at various dates through June 2012, nine contracts maturing in varying increments to purchase USD for an aggregate notional amount of CAD $5.9 million maturing at various dates through June 2012 and 22 contracts maturing in varying increments to purchase USD for an aggregate notional amount of GBP £10.5 million maturing at various dates through May 2012.

At April 30, 2011, we had six contracts to purchase euros for an aggregate notional amount of US$3.0 million maturing in various increments at various dates through October 2011, two contracts to purchase USD for an aggregate notional amount of CAD $0.2 million maturing in various increments at various dates through May 2011 and 60 contracts to purchase USD for an aggregate notional amount of GBP £21.7 million maturing in various increments at various dates through November 2011. For the quarter ended April 30, 2011, we recognized a net pre-tax loss of $0.8 million in cost of sales in the condensed consolidated statement of earnings for our derivative financial instruments not designated as cash flow hedges.

We had no derivative financial instruments with credit-risk-related contingent features underlying the agreements as of May 4, 2013, February 2, 2013 or April 28, 2012, ~~January 28, 2012 or April 30, 2011,~~ respectively.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

12. Segment Reporting

The Company’s operations are conducted in two reportable segments, retail and corporate apparel, based on the way we manage, evaluate and internally report our business activities.

The retail segment includes the results from our four retail merchandising brands: Men’s Wearhouse, Men’s Wearhouse and Tux, ~~K&G and~~ Moores Clothing for Men (“Moores”). and K&G. These four brands are operating segments that have been aggregated into the retail reportable segment based on their similar economic characteristics, products, production processes, target customers and distribution methods. MW Cleaners is also aggregated in the retail segment as these operations have not had a significant effect on the revenues or expenses of the Company. Specialty apparel merchandise offered by our four retail merchandising concepts ~~includes~~include suits, suit separates, sport coats, slacks, sportswear, outerwear, dress shirts, shoes and accessories for men. Ladies’ career apparel, sportswear and accessories, including shoes, and children’s apparel is offered at most of our K&G stores and tuxedo rentals are offered at our Men’s Wearhouse, Men’s Wearhouse and Tux and Moores retail stores.

The corporate apparel segment includes the results from our corporate apparel and uniform operations conducted by Twin Hill in the United States (“U.S.”) and Dimensions, Alexandra and ~~Alexandra~~Yaffy in the UK. The two corporate apparel and uniform concepts are operating segments that have been aggregated into the reportable corporate apparel segment based on their similar economic characteristics, products, production processes, target customers and distribution methods. The corporate apparel segment provides corporate clothing uniforms and workwear to workforces.

Operating income is the primary measure of profit we use to make decisions on allocating resources to our operating segments and to assess the operating performance of each operating segment. It is defined as income before interest expense, interest income, income taxes and ~~noncontrolling~~non-controlling interest. Corporate expenses and assets are allocated to the retail segment.

Net sales by brand and reportable segment are as follows (in thousands):

	For the Quarter Ended				For the Quarter Ended
	April 28, 2012		April 30, 2011		May 4, 2013		April 28, 2012
Net sales:
MW (1)	$	371,468	$	354,671	$	401,835	$	371,468
Moores					53,771		55,478
K&G	103,092		106,749		97,340		103,092
Moores	55,478		53,180
MW Cleaners	6,654		6,111		7,235		6,654
Total retail segment	536,692		520,711		560,181		536,692

Twin Hill	7,065		5,715		7,959		7,065
Dimensions and Alexandra (UK)	42,817		53,958		48,396		42,817
Total corporate apparel segment	49,882		59,673		56,355		49,882

Total net sales	$	586,574	$	580,384	$	616,536	$	586,574

(1) MW includes Men’s Wearhouse and Men’s Wearhouse and Tux stores.

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The following table sets forth supplemental products and services sales information for the Company (in thousands):

	For the Quarter Ended				For the Quarter Ended
	April 28, 2012		April 30, 2011		May 4, 2013		April 28, 2012
Net sales:
Men’s tailored clothing product	$	230,280	$	229,203	$	234,844	$	230,280
Men’s non-tailored clothing product	166,888		158,283		166,773		166,888
Ladies’ clothing product	23,301		22,775		22,120		23,301
Total retail clothing product	420,469		410,261		423,737		420,469

Tuxedo rental services	78,489		73,141		98,482		78,489

Alteration services	31,080		31,198		30,727		31,080
Retail dry cleaning services	6,654		6,111		7,235		6,654
Total alteration and other services	37,734		37,309		37,962		37,734

Corporate apparel clothing product	49,882		59,673		56,355		49,882

Total net sales	$	586,574	$	580,384	$	616,536	$	586,574

Operating income (loss) by reportable segment and the reconciliation to earnings before income taxes is as follows (in thousands):

	For the Quarter Ended						For the Quarter Ended
	April 28, 2012			April 30, 2011			May 4, 2013			April 28, 2012
Operating income (loss):
Retail	$	43,367		$	44,897		$	51,470		$	43,367
Corporate apparel	(2,420		)	(1,260		)	1,083			(2,420		)
Operating income	40,947			43,637			52,553			40,947
Interest income	128			44			121			128
Interest expense	(433		)	(312		)	(344		)	(433		)
Earnings before income taxes	$	40,642		$	43,369		$	52,330		$	40,642

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

13. Legal Matters

We are involved in various routine legal proceedings, including ongoing litigation, incidental to the conduct of our business. Management does not believe that any of these matters will have a material adverse effect on our financial position, results of operations or cash flows.

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ITEM 2 - MANAGEMENT’S DISCUSSION AND ANALYSIS

OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

General

For supplemental information, it is suggested that “Management’s Discussion and Analysis of Financial Condition and Results of Operations” be read in conjunction with the corresponding section included in our Annual Report on Form 10-K for the year ended ~~January 28, 2012.~~February 2, 2013. References herein to years are to our 52-week or 53-week fiscal year, which ends on the Saturday nearest January 31 in the following calendar year. For example, references to ~~“2012”~~“2013” mean the ~~53-week~~52-week fiscal year ending February ~~2, 2013.~~1, 2014.

Our operations are conducted in two reportable segments, retail and corporate apparel, based on the way we manage, evaluate and internally report our business activities.

The Company conducts its retail segment as a specialty apparel retailer offering suits, suit separates, sport coats, slacks, sportswear, outerwear, dress shirts, shoes and accessories for men, and tuxedo rentals. We offer our products and services through multiple brands and channels including The Men’s Wearhouse, Men’s Wearhouse and Tux, ~~K&G,~~ Moores Clothing for Men (“Moores”), K&G and on the ~~internet~~Internet at www.menswearhouse.com and www.kgstores.com. Our stores are located throughout the United States (“U.S.”) and Canada and carry a wide selection of ~~brand name~~exclusive and ~~private label merchandise.~~non-exclusive merchandise brands. In addition, we offer our customers a variety of services, including alterations and our loyalty ~~program, and most~~program. Most of our K&G stores offer ladies’ career apparel, sportswear, accessories and shoes and children’s apparel. MW Cleaners is also aggregated in the retail segment, as these operations have not had a significant effect on the revenues or ~~expenses.~~expenses of the Company. MW Cleaners conducts retail dry cleaning, laundry and ~~laundry~~heirlooming operations in the Houston, Texas area.

The corporate apparel segment includes the results from our corporate apparel and uniform operations conducted by Twin Hill in the ~~United States~~U.S. and by Dimensions, Alexandra and ~~Alexandra~~Yaffy in the United ~~Kingdom.~~ Kingdom (“UK”). These operations provide corporate clothing uniforms and workwear to workforces through multiple channels including managed corporate accounts, catalogs and the Internet.

Refer to Note 12 of Notes to Condensed Consolidated Financial Statements for additional information and disclosures regarding our reportable segments and the discussion included in “Results of Operations” below.

In March 2013, we announced that we engaged Jefferies & Co. to assist us in evaluating strategic alternatives for our K&G operations. We believe our core strengths lie primarily in our service culture and specialty men’s apparel retailing, and that we will be better able to focus our efforts on these core operations by taking this action.

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Overview

~~We had revenues~~Highlights of ~~$586.6 million, gross margin of $254.0 million and net earnings attributable~~the Company’s performance for the quarter ended May 4, 2013 compared to ~~common shareholders of $26.9 million for~~ the quarter ended April 28, 2012 are presented below, followed by a more comprehensive discussion under “Results of Operations”:

·Revenues for the first quarter of 2013 increased by $30.0 million or 5.1% to $616.5 million compared to revenues of ~~$580.4~~$586.6 million ~~gross~~in the first quarter of 2012.

·Gross margin for the first quarter of ~~$246.6~~2013 increased by $23.9 million or 9.4% to $277.9 million compared to $254.0 million in the first quarter of 2012. Gross margin as a percentage of total net sales for the first quarter of 2013 was 45.1% compared to 43.3% for the first quarter of 2012.

·Selling, general and administrative (“SG&A”) expenses for the first quarter of 2013 increased 5.8% to $225.4 million compared to SG&A expenses of $213.1 million in the first quarter of 2012 and increased 0.3% as a percentage of total net sales as compared to the first quarter of 2012.

·Net earnings attributable to common shareholders ~~of $27.4 million~~ for the first quarter ~~ended April 30, 2011. We~~of 2013 increased ~~our revenues~~ by $6.2 million or ~~1.1% and our gross margin by $7.4~~23.1% to $33.1 million ~~or 3.0%, while net~~compared to $26.9 million for the first quarter of 2012.

·Diluted earnings per common share attributable to common shareholders ~~declined~~increased 25.0% to $0.65 per share for the first quarter of 2013 compared to $0.52 per share for the first quarter of fiscal 2012.

·Net cash provided by ~~$0.5~~our operating activities for the first quarter of 2013 was $70.7 million ~~or 2.0%.~~compared to $65.3 million for the first quarter of 2012. We held cash and cash equivalent balances of $155.1 million at May 4, 2013, $156.1 million at February 2, 2013 and $118.7 million at April 28, 2012.

·During the first quarter of 2013, we paid cash dividends of $9.3 million.

·During the first quarter of 2013, we repurchased 994,560 shares of our common stock for $33.0 million.

Store data

The following table presents information with respect to retail apparel stores in operation during each of the respective fiscal periods:

	For the Quarter Ended				For the Year Ended		For the Quarter Ended				For the Year Ended
	April 28, 2012		April 30, 2011		January 28, 2012		May 4, 2013		April 28, 2012		February 2, 2013

Stores open at beginning of period:	1,166		1,192		1,192		1,143		1,166		1,166
Opened	4		3		25		6		4		37
Closed	(8	)	(8	)	(51	)	(8	)	(8	)	(60	)
Stores open at end of period	1,162		1,187		1,166		1,141		1,162		1,143

Stores open at end of period:
Men’s Wearhouse	611		587		607		644		611		638
Men’s Wearhouse & Tux	336		382		343		281		336		288
Moores							120		117		120
K&G	98		101		99		96		98		97
Moores	117		117		117
	1,162		1,187		1,166		1,141		1,162		1,143

During the first quarter of ~~2012,~~2013, we opened ~~four~~six Men’s Wearhouse stores and closed eight stores (one K&G store due to substandard performance and seven Men’s Wearhouse & Tux ~~stores), of which seven had reached the end of their~~stores: two due to lease ~~terms.~~expiration and five due to substandard performance).

Seasonality

Our sales and net earnings are subject to seasonal fluctuations. In most years, a greater portion of our net retail clothing sales have been generated during the fourth quarter of each year when holiday season shopping peaks. In addition, our tuxedo rental revenues are heavily concentrated in the second ~~quarter~~and third quarters while the fourth quarter is considered the seasonal low point. With respect to corporate apparel sales and operating results, seasonal fluctuations are not significant but customer decisions to rebrand or revise their corporate wear programs can cause significant variations in period results. Because of these fluctuations in our sales, results for any quarter are not necessarily indicative of the results that may be achieved for the full year. Additionally, U.S. and global economic conditions that impact consumer confidence and the level of consumer discretionary spending also impact our operating results.

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Results of Operations

For the Quarter Ended May 4, 2013 compared to the Quarter Ended April 28, 2012 ~~compared to the Quarter Ended April 30, 2011~~

The following table sets forth the Company’s results of operations expressed as a percentage of net sales for the periods indicated:

	For the Quarter Ended (1)				For the Quarter Ended (1)
	April 28,		April 30,		May 4,		April 28,
	2012		2011		2013		2012
Net sales:
Retail clothing product	71.7	%	70.7	%	68.7	%	71.7	%
Tuxedo rental services	13.4		12.6		16.0		13.4
Alteration and other services	6.4		6.4		6.2		6.4
Total retail sales	91.5		89.7		90.9		91.5
Corporate apparel clothing product sales	8.5		10.3		9.1		8.5
Total net sales	100.0	%	100.0	%	100.0	%	100.0	%
Cost of sales (2):
Retail clothing product	44.9		45.7		43.8		44.9
Tuxedo rental services	14.0		13.4		14.7		14.0
Alteration and other services	73.0		70.5		74.9		73.0
Occupancy costs	12.8		12.9		12.7		12.8
Total retail cost of sales	55.1		55.8		53.5		55.1
Corporate apparel clothing product cost of sales	73.5		72.2		69.1		73.5
Total cost of sales	56.7		57.5		54.9		56.7
Gross margin (2):
Retail clothing product	55.1		54.3		56.2		55.1
Tuxedo rental services	86.0		86.6		85.3		86.0
Alteration and other services	27.0		29.5		25.1		27.0
Occupancy costs	(12.8	)	(12.9	)	(12.7	)	(12.8	)
Total retail gross margin	44.9		44.2		46.5		44.9
Corporate apparel clothing product gross margin	26.5		27.8		30.9		26.5
Total gross margin	43.3		42.5		45.1		43.3
Selling, general and administrative expenses	36.3		35.0		36.6		36.3
Operating income	7.0		7.5		8.5		7.0
Interest income	0.0		0.0		0.0		0.0
Interest expense	(0.1	)	(0.1	)	(0.1	)	(0.1	)
Earnings before income taxes	6.9		7.5		8.5		6.9
Provision for income taxes	2.4		2.8		3.1		2.4
Net earnings including noncontrolling interest	4.5		4.7
Net loss attributable to noncontrolling interest	0.1		0.0
Net earnings including non-controlling interest					5.3		4.5
Net loss attributable to non-controlling interest					0.0		0.1
Net earnings attributable to common shareholders	4.6	%	4.7	%	5.4	%	4.6	%

(1) Percentage line items may not sum to totals due to the effect of rounding.

(2) Calculated as a percentage of related sales.

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The Company’s total net sales increased $30.0 million, or 5.1%, to $616.5 million for the first quarter of 2013 as compared to the first quarter of 2012.

Total retail sales increased ~~$16.0~~$23.5 million, or ~~3.1%~~4.4%, to ~~$536.7~~$560.2 million for the first quarter of 2013 as compared to the first quarter of 2012 due mainly to a ~~$10.2~~$20.0 million increase in tuxedo rental services revenues and a $3.3 million increase in retail clothing product ~~revenues and a $5.3 million increase in tuxedo rental services~~ revenues. These increases are attributable to the following:

(in millions)

Amount Attributed to

$
11.6

Increase in comparable sales.

8.7

Increase from net sales of stores opened in 2011, relocated stores and expanded stores not yet included in comparable sales.

1.2

Increase in e-commerce, alteration and other services sales.

0.8

Increase in net sales from four new stores opened in 2012.

(5.1
)
Decrease in net sales resulting from closed stores.

(1.2
)
Decrease in net sales resulting from change in U.S./Canadian dollar exchange rate.

$
16.0

Increase in total retail sales.

(in millions)			Amount Attributed to
$	5.8		1.6% increase in comparable sales at Men’s Wearhouse/Men’s Wearhouse and Tux.
(3.8		)	7.0% decrease in comparable sales at Moores.
(6.6		)	6.7% decrease in comparable sales at K&G.
19.1			Increase in net sales not included in comparable sales.
14.1			Increase from net sales of stores opened in 2012, relocated stores and expanded stores not yet included in comparable sales.
(5.4		)	Decrease in net sales resulting from closed stores.
0.3			Other.
$	23.5		Increase in total retail sales.

Comparable ~~store~~ sales ~~(which are calculated by excluding~~exclude the net sales of a store for any month of one period if the store was not open throughout the same month of the prior ~~period) increased 3.8%~~period and include e-commerce net sales, beginning in fiscal 2013. Because fiscal 2012 was a 53 week fiscal year, comparable sales for the 52 weeks of fiscal 2013 are calculated using the trailing (or comparable) 52 weeks of fiscal 2012. This “calendar shift” resulted in $19.1 million of the total retail sales increase for the first quarter of 2013 being excluded from the comparable sales changes shown in the table above. If comparable sales for the first quarter of 2013 are calculated by comparison to the 13 weeks included in the first quarter of 2012 (rather than the trailing 13 weeks), comparable sales increase by 7.1% at Men’s Wearhouse/Men’s Wearhouse and Tux ~~increased 7.1%~~and decrease by 2.8% at Moores and ~~decreased 4.0%~~5.3% at K&G. The increase at Men’s Wearhouse/Men’s Wearhouse and Tux resulted from increased average unit retails (net selling prices) for clothing product that more than offset decreases in ~~the~~ units sold per transaction and ~~the~~ average ~~number of~~ transactions per store. In addition, tuxedo rental service revenues increased due to increased rental rates as well as increased unit rentals and sales of tuxedo accessories caused mainly by the Easter holiday shift allowing for an earlier prom season. The ~~increase~~decrease at Moores was driven by ~~increased~~decreased average ~~unit retails~~transactions per store for clothing product and ~~increased~~decreased units sold per transaction. The decrease at K&G was driven by decreased average transactions per store and decreased units sold per transaction that more than offset ~~a decrease~~an increase in ~~the average number of transactions per store. The decrease at K&G was due to decreased~~ average unit retails that more than offset increases in units sold per transaction and the average number of transactions per store. Tuxedo rental service revenues increased primarily due to increased unit rentals in the U.S.retails.

Total corporate apparel clothing product sales ~~decreased $9.8~~increased $6.5 million. UK corporate apparel sales ~~decreased $11.1~~increased $5.6 million due mainly to ~~the absence in 2012~~a higher level of customer-directed new ~~programs by several customers which occurred~~uniform rollouts in the first quarter of ~~2011.~~2013 as compared to the first quarter of 2012. U.S. corporate apparel sales increased ~~$1.3~~$0.9 million, due primarily to ~~increased sales from a customer program and~~ increased catalog sales.

The Company’s gross margin was as follows:

	For the Quarter Ended						For the Quarter Ended
	April 28,			April 30,			May 4,			April 28,
	2012			2011			2013			2012
Gross margin (in thousands)	$	254,049		$	246,633		$	277,920		$	254,049

Gross margin as a percentage of related sales:
Retail gross margin:
Clothing product	55.1		%	54.3		%	56.2		%	55.1		%
Tuxedo rental services	86.0		%	86.6		%	85.3		%	86.0		%
Alteration and other services	27.0		%	29.5		%	25.1		%	27.0		%
Occupancy costs	(12.8		)%	(12.9		)%	(12.7		)%	(12.8		)%
Total retail gross margin	44.9		%	44.2		%	46.5		%	44.9		%

Corporate apparel clothing product gross margin	26.5		%	27.8		%	30.9		%	26.5		%

Total gross margin	43.3		%	42.5		%	45.1		%	43.3		%

Buying and distribution costs are included in determining our retail and corporate apparel clothing product gross margins. Our gross margin may not be comparable to other specialty retailers, as some companies exclude costs related to their distribution network from cost of goods sold while others, like us, include all or a portion of such costs in cost of goods sold and exclude them from ~~selling, general and administrative~~SG&A expenses. ~~Distribution~~Tuxedo distribution costs are not included in determining our tuxedo rental services gross margin but are included in ~~selling, general and administrative~~SG&A expenses.

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In the retail segment, total gross margin as a percentage of related sales increased from ~~44.2% in the first quarter of 2011 to~~ 44.9% in the first quarter of ~~2012.~~2012 to 46.5% in the first quarter of 2013. On an absolute dollar basis, total retail segment gross margin increased ~~$10.8~~$19.7 million or ~~4.7%~~8.2% from the same prior year quarter to ~~$240.8~~$260.5 million in the first quarter of ~~2012.~~2013. Retail clothing product gross margin increased from ~~54.3% in the first quarter of 2011 to~~ 55.1% in the first quarter of 2012 to 56.2% in the first quarter of 2013 due primarily to increased average unit retails. The tuxedo rental services gross

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margin ~~for alteration and other services~~ decreased from ~~29.5% in the first quarter of 2011 to 27.0%~~86.0% in the first quarter of 2012 ~~mainly as a result~~to 85.3% in the first quarter of 2013 primarily due to increased ~~payroll related costs.~~royalty expenses. Occupancy costs, which isare relatively constant on a per store basis and includes store related rent, common area maintenance, utilities, repairs and maintenance, security, property taxes and depreciation, decreased slightly from ~~12.9% in the first quarter of 2011 to~~ 12.8% in the first quarter of ~~2012.~~2012 to 12.7% in the first quarter of 2013 due to cost leverage from increased retail sales. On an absolute dollar basis, occupancy costs increased ~~$1.5~~$2.6 million primarily due to higher rent and depreciation expense.

In the corporate apparel segment, total gross margin as a percentage of related sales ~~decreased~~increased from ~~27.8% in the first quarter of 2011 to~~ 26.5% in the first quarter of 2012 to 30.9% in the first quarter of 2013 mainly as a result of ~~the decreased new program~~a favorable sales bymix and foreign currency gains recognized on our derivative financial instruments not designated as cash flow hedges associated with our UK-based operations. On an absolute dollar basis, corporate apparel gross margin ~~decreased $3.3~~increased $4.2 million.

~~Selling, general and administrative~~SG&A expenses ~~(“SG&A”)~~ increased to $225.4 million in the first quarter of 2013 from $213.1 million in the first quarter of 2012, ~~from $203.0 million in the first quarter of 2011,~~ an increase of ~~$10.1~~$12.3 million or ~~5.0%~~5.8%. As a percentage of total net sales, these expenses increased from ~~35.0% in the first quarter of 2011 to~~ 36.3% in the first quarter of ~~2012.~~2012 to 36.6% in the first quarter of 2013. The components of this ~~1.3%~~0.3% net increase in SG&A expenses as a percentage of total net sales and the related absolute dollar changes were as follows:

%		Attributed to
~~0.3~~	0.2	Increase in advertising expense as a percentage of total net sales from ~~3.0% in the first quarter of 2011 to~~ 3.3% in the first quarter of ~~2012.~~2012 to 3.5% in the first quarter of 2013. On an absolute dollar basis, advertising expense increased ~~$1.6~~$2.1 million.
(0.4	)	~~Increase~~Decrease in store salaries as a percentage of total net sales from 13.1% in the first quarter of 2012 to 12.7% in the first quarter of ~~2011 to 13.1% in the first quarter of 2012.~~2013. Store salaries on an absolute dollar basis increased ~~$3.6~~$1.2 million primarily due to increased store sales support salaries and increased commissions associated with increased retail sales.
~~0.6~~	0.5	Increase in other SG&A expenses as a percentage of total net sales from ~~19.3% in the first quarter of 2011 to~~ 19.9% in the first quarter of ~~2012.~~2012 to 20.4% in the first quarter of 2013. On an absolute dollar basis, other SG&A expenses increased ~~$4.9~~$9.0 million primarily due to increased ~~payroll related~~non-store payroll-related costs, ~~and~~including increased ~~expenses associated with increased retail sales.~~medical benefit costs.
~~1.3~~0.3	%	Total

In the retail segment, SG&A expenses as a percentage of related net sales increased from ~~35.6% in the first quarter of 2011 to~~ 36.8% in the first quarter of ~~2012.~~2012 to 37.3% in the first quarter of 2013. On an absolute dollar basis, retail segment SG&A expenses increased ~~$12.3~~$11.6 million primarily due to increased advertising expense ~~stores salaries, payroll related~~and store and non-store payroll-related costs, ~~and expenses associated with~~including increased ~~retail sales.~~medical benefit costs.

In the corporate apparel segment, SG&A expenses as a percentage of related net sales ~~increased~~decreased from ~~29.9% in the first quarter of 2011 to~~ 31.4% in the first quarter of ~~2012.~~2012 to 29.0% in the first quarter of 2013. On an absolute dollar basis, corporate apparel segment SG&A expenses ~~decreased $2.2~~increased $0.7 million primarily due to reduced UK operating expenses following the consolidation of Dimensions and Alexandra distribution facilities and supporting service functions and the absence in the first quarter of 2012 of $0.7 million in integration costsforeign currency translation losses associated with our ~~2010~~ UK ~~acquisitions.~~

~~Corporate apparel segment operating loss of $2.4 million for the first quarter of 2012 includes $1.7 million of operating losses in the UK and $0.7 million of operating losses in the U.S.~~operations.

Our effective income tax rate was 37.0% for the first quarter of 2013 and 34.6% for the first quarter of ~~fiscal 2012 and 37.3% for the first quarter of fiscal 2011.~~2012. The effective tax rate for the first quarter of ~~fiscal~~2013 was higher than the statutory U.S. federal rate of 35% due to tax rate effects from state income taxes, offset partially by lower foreign statutory tax rates imposed on our foreign operations. The effective tax rate for the first quarter of 2012 was lower than the statutory U.S. federal rate of 35% due to the favorable tax rate effects from net permanent book-to-tax adjustments and lower foreign statutory tax rates imposed on our foreign operations, offset partially by the effect of state income taxes. The effective tax rate for the first quarter of fiscal 2011 was higher than the statutory U.S. federal rate of 35% due mainly to state income taxes, offset partially by lower foreign statutory tax rates imposed on our foreign operations.

These factors resulted in net earnings attributable to common shareholders of $33.1 million or 5.4% of net sales for the first quarter of 2013, compared with net earnings of $26.9 million or 4.6% of net sales for the first quarter of ~~2012, compared with net earnings of $27.4 million or 4.7% of net sales for the first quarter of 2011.~~2012.

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Liquidity and Capital Resources

At May 4, 2013, February 2, 2013 and April 28, 2012, ~~January 28, 2012 and April 30, 2011,~~ cash and cash equivalents totaled ~~$118.7~~$155.1 million, ~~$125.3~~$156.1 million and ~~$145.7~~$118.7 million, respectively, and working capital was ~~$521.7~~$532.0 million, ~~$544.1~~$561.0 million and ~~$482.1~~$521.7 million, respectively. Our primary sources of working capital are cash flows from operations and borrowings under our Credit Agreement (as defined below). The ~~$22.4~~$29.0 million decrease in working capital at ~~April 28, 2012~~May 4, 2013 compared to ~~January 28, 2012~~February 2, 2013 was due mainly to purchases of treasury stock made during the first quarter of ~~2012.~~2013.

Credit Facilities

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Cash flow activities

Operating activities — Our primary source of operating cash flow is from sales to our customers. Our primary uses of cash include clothing product inventory and tuxedo rental product purchases, personnel related expenses, occupancy costs, advertising costs and income tax payments. Our operating activities provided net cash of ~~$65.3~~$70.7 million in the first quarter of 2013, due mainly to net earnings, adjusted for non-cash charges, an increase in accounts payable, accrued expenses and other current liabilities and a decrease in other assets, offset by increases in inventories and tuxedo rental product.

·Inventories increased primarily due to our usual inventory replenishment following the holiday shopping season.

·Tuxedo rental product increased from purchases of new Vera Wang product offerings and replenishment product to support the continued growth of our tuxedo rental business.

·The decrease in other assets is primarily due to the timing and amounts of required tax payments.

·The increase in accounts payable, accrued expenses and other current liabilities was primarily due to the timing of vendor payments for inventory and tuxedo rental product purchases and the seasonal increase in tuxedo rental deposits.

During the first quarter of 2012, our operating activities provided net cash of $65.3 million, due mainly to net earnings, adjusted for non-cash charges, and an increase in accounts payable, accrued expenses and other current liabilities, offset by increases in accounts receivable, inventories and tuxedo rental product. During the first quarter of 2011, our operating activities provided net cash of $79.0 million, due mainly to net earnings, adjusted for non-cash charges, a decrease in other assets and an increase in accounts payable, accrued expenses and other current liabilities, offset by increases in accounts receivable, inventories and tuxedo rental product.

·The increase in accounts receivable ~~in the first quarter of 2012 and 2011~~ was due mainly to the seasonal increase at quarter end for receivables from third-party credit card providers for prom and other tuxedo rentals. ~~The increase in inventories during the first quarter of 2012 and 2011 was~~

·Inventories increased primarily due to our usual inventory replenishment following the holiday shopping season.

·Tuxedo rental product increased ~~in each of the periods~~ to support the continued growth of our tuxedo rental business and to replenish product offerings.

·The increase in accounts payable, accrued expenses and other current liabilities ~~in the first quarter of 2012 and 2011~~ was primarily due to the timing of vendor payments for inventory and tuxedo rental product purchases and the seasonal increase in tuxedo rental deposits. ~~The decrease in other assets in the first quarter of 2011 was due mainly to a decrease in deferred tax assets.~~

Investing activities — Our cash outflows from investing activities are primarily for capital expenditures. During the first quarter of ~~2012~~2013 and ~~2011,~~2012, our investing activities used net cash of ~~$30.7~~$25.1 million and ~~$14.3~~$30.7 million, respectively, for capital expenditures. Our capital expenditures relate to costs incurred for stores opened, remodeled or relocated during the period or under construction at the end of the period, office and distribution facility additions, infrastructure technology investments, investments in our corporate uniform program and, in 2012, investments in other corporate assets.

Financing activities — Our cash outflows from financing activities consist primarily of cash dividend payments and ~~purchases~~repurchases of ~~treasury shares,~~common stock, while cash inflows from financing activities consist primarily of proceeds from the issuance of common stock. During the first quarter of ~~2012,~~2013, our financing activities used net cash of $45.8 million due mainly to the purchase of treasury shares of $33.0 million and cash dividends paid of $9.3 million, offset by $1.4 million proceeds from the issuance of common stock. Our financing activities used net cash of $42.0 million for the first quarter of 2012, due mainly to the ~~purchase~~repurchase of ~~treasury shares~~common stock of $33.9 million and cash dividends paid of $9.4 million, offset by $3.2 million proceeds from the issuance of common stock. Our financing activities used net cash of $56.1 million for the first quarter of 2011, due mainly to the purchase of treasury shares of $49.0 million and cash dividends paid of $6.4 million, offset by $1.5 million proceeds from the issuance of common stock.

Share repurchase program — In ~~January 2011,~~March 2013, the Board of Directors (the “Board”) approved a $200.0 million share repurchase program for our common stock. This approval amended and increased the Company’s existing $150.0 million share repurchase program authorized by the Board in January 2011 which had a remaining authorization of ~~our common stock, which amended and increased~~$45.2 million at the ~~Company’s then existing $100.0 million share repurchase program authorized in August 2007.~~time of amendment.

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The following table summarizes our ~~treasury~~total common stock repurchases (in thousands, except share data and average price per share):

	For the Quarter Ended				For the Quarter Ended
	April 28, 2012		April 30, 2011		May 4, 2013		April 28, 2012

Shares repurchased	868,525		1,829,472		994,560		868,525
Total costs	$	33,866	$	48,999	$	33,009	$	33,866
Average price per share	$	38.99	$	26.78	$	33.19	$	38.99

Dividends —Cash dividends paid were approximately ~~$9.4~~$9.3 million and ~~$6.4~~$9.4 million for the quarter ended May 4, 2013 and April 28, 2012, respectively. During the quarters ended May 4, 2013 and April ~~30, 2011, respectively.~~

~~In March~~28, 2012, ~~our Board of Directors~~the Company declared a quarterly ~~cash dividend~~dividends of $0.18 per share payable on June 22, 2012 to shareholders of record at close of business on June 12, 2012. The dividend payout is estimated to be approximately $9.3 million and is included in accrued expenses and other current liabilities on the condensed consolidated balance sheet as of April 28, 2012.share.

Future sources and uses of cash

Our primary uses of cash are to finance working capital requirements of our operations. In addition, we will use cash to fund capital expenditures, income ~~tax~~taxes, dividend payments and ~~dividend payments,~~repurchases of common stock, operating leases and various other commitments and obligations, as they arise.

Capital expenditures are anticipated to be in the range of ~~$113.0~~$100.0 to ~~$120.0~~$108.0 million for ~~2012.~~2013. This amount includes the anticipated costs of opening approximately 2932 to 36 new Men’s Wearhouse stores, three new Moores stores and one new K&G store in 2012. This amount also includes the $13.4 million purchase, completed in June 2012, of approximately 7.7 acres with three buildings (total square footage 115,737) in Fremont, California to be utilized for offices, as we consolidate our California office locations.2013. The balance of the capital expenditures for ~~2012~~2013 will be used for telecommunications, point-of-sale and other computer equipment and systems, store relocations, remodeling and expansion, distribution and office facilities and investment in other corporate assets. The actual amount of future capital expenditures will depend in part on the number of new stores opened and the terms on which new stores are leased, as well as on industry trends consistent with our anticipated operating plans.

Additionally, market conditions may produce attractive opportunities for us to make acquisitions larger than our past acquisitions. Any such acquisitions may be undertaken as an alternative to opening new stores. We may use cash on hand, together with cash flow from operations, borrowings under our Credit Agreement and issuances of debt or equity securities, to take advantage of any significant acquisition opportunities.

Current domestic and global economic conditions, including high unemployment levels, reduced public sector spending and constrained credit markets, could negatively affect our future operating results as well as our existing cash and cash equivalents balances. In addition, conditions in the financial markets could limit our access to additional capital resources, if needed, and could increase associated costs. We believe based on our current business plan, that our existing cash and cash flows from operations will be sufficient to fund our planned store openings, relocations and ~~remodelings,~~remodels, other capital expenditures and operating cash requirements, and that we will be able to maintain compliance with the covenants in our Credit Agreement for at least the next 12 months. Borrowings available under our Credit Agreement were ~~$176.7~~$278.7 million as of ~~April 28, 2012.~~May 4, 2013.

We are exposed to market risk associated with foreign currency exchange rate fluctuations as a result of our direct sourcing programs and our operations in foreign countries. In connection with our direct sourcing programs, we may enter into merchandise purchase commitments that are denominated in a currency different from the functional currency of the operating entity. Our risk management policy is to hedge a significant portion of forecasted merchandise purchases for our direct sourcing programs that bear foreign exchange risk using foreign exchange forward contracts. As these foreign exchange forward contracts are with three financial institutions, we are exposed to credit risk in the event of nonperformance by these parties. However, due to the creditworthiness of these major financial institutions, full performance is anticipated.

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Critical Accounting Policies and Estimates

The preparation of our condensed consolidated financial statements requires the appropriate application of accounting policies in accordance with generally accepted accounting principles. In many instances, this also requires management to make estimates and assumptions about future events that affect the amounts and disclosures included in our financial statements. We base our estimates on historical experience and various assumptions that we believe are reasonable under our current business model. However, because future events and conditions and their effects cannot be determined with certainty, actual results will differ from our estimates and such differences could be material to our financial statements. There have been no significant changes to our critical accounting policies and estimates as discussed in our Annual Report on Form 10-K for the fiscal year ended ~~January 28, 2012.~~February 2, 2013.

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ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Market risks relating to our operations result primarily from changes in foreign currency exchange rates and changes in interest rates. There have been no material changes to our market risks as disclosed in our Annual Report on Form 10-K for the year ended ~~January 28, 2012.~~February 2, 2013. Refer to Note 3 of Notes to Condensed Consolidated Financial Statements contained herein for disclosures regarding our Credit Agreement and Notes 10 and 11 of Notes to Condensed Consolidated Financial Statements contained herein for disclosures on our investments and derivative financial ~~instruments and Note 3 of Notes to Condensed Consolidated Financial Statements contained herein for disclosures regarding our Credit Agreement.~~instruments.

ITEM 4 - CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Company’s management, with the participation of the Company’s principal executive officer (“CEO”) and principal financial officer (“CFO”), evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on this evaluation, the CEO and CFO have concluded that, as of the end of such period, the Company’s disclosure controls and procedures were effective to ensure that information that is required to be disclosed by the Company in the reports it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to the Company’s management, including the CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Controls over Financial Reporting

There were no changes in the Company’s internal control over financial reporting that occurred during the fiscal quarter ended ~~April 28, 2012~~May 4, 2013 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1 — LEGAL PROCEEDINGS

ITEM 1A — RISK FACTORS

There have been no material changes in our risk factors from those disclosed in Item 1A contained in Part I of our Annual Report on Form 10-K for the fiscal year ended ~~January 28, 2012.~~February 2, 2013.

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ITEM 2 — UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(c) The following table presents information with respect to purchases of common stock of the Company made during the quarter ended ~~April 28, 2012~~May 4, 2013 as defined by Rule 10b-18(a)(3) under the Exchange Act:

(c)

Total

(d)

Number of

Approximate

Shares

Dollar Value of

Purchased

Shares that

as Part of

May Yet Be

(a)

(b)

Publicly

Purchased

Total Number

Average

Announced

Under the

of Shares

Price Paid

Plans or

Plans or

Period

Purchased

Per Share

Programs

Programs

(In thousands)

(2)

January 29, 2012 through February 25, 2012

107,041
(1)
$
38.79

100,000

$
82,320

February 26, 2012 through March 31, 2012

761,484

$
39.02

761,484

$
52,606

April 1, 2012 through April 28, 2012

—

$
—

—

$
52,606

Total

868,525

$
38.99

861,484

$
52,606

					(c)
					Total	(d)
					Number of	Approximate
					Shares	Dollar Value of
					Purchased	Shares that
					as Part of	May Yet Be
	(a)		(b)		Publicly	Purchased
	Total Number		Average		Announced	Under the
	of Shares		Price Paid		Plans or	Plans or
Period	Purchased		Per Share		Programs	Programs
						(In thousands)
						(3)

February 3, 2013 through March 2, 2013	5,378	(1)	$	30.03	—	$	45,176

March 3, 2013 through April 6, 2013	704,237		$	33.32	704,237	$	176,536	(2)

April 7, 2013 through May 4, 2013	284,945		$	32.93	284,945	$	167,152

Total	994,560		$	33.19	989,182	$	167,152

(1) ~~Shares repurchased include 7,041~~Represents restricted shares ~~at a cost of $0.3 million~~ repurchased ~~at an average price per share of $37.28~~ to satisfy tax withholding obligations arising upon the vesting of certain restricted ~~shares.~~stock.

(2)In March 2013, the Board approved a $200.0 million share repurchase program for our common stock. This approval amended and increased the Company’s existing $150.0 million share repurchase program authorized by the Board in January 2011.

(3)Refer to Note 7 of Notes to Condensed Consolidated Financial Statements for information regarding our share repurchase program.

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ITEM 6 - EXHIBITS

(a)Exhibits.

Exhibit Number		Exhibit Index

*10.1	—	Fifth Amended and Restated Employment Agreement dated effective as of May 14, 2013, by and between The Men’s Wearhouse, Inc. ~~2004 Long-Term Incentive Plan Subplan for UK Employees~~and David H. Edwab (filed herewith).
*10.2	—	Employment Agreement dated effective as of April 1, 2013, by and between The Men’s Wearhouse, Inc. and Charles Bresler (filed herewith).
10.3	—	Third Amended and Restated Credit Agreement, dated as April 12, 2013, by and among The Men’s Wearhouse, Inc., Moores The Suit People Inc., MWUK Holding Company Limited, the financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian Agent, and J.P. Morgan Europe Limited, as European Agent (incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on ~~March 29, 2012)~~April 16, 2013).
~~10.2~~*10.4	—	~~Second Amendment to~~Forms of Deferred Stock Unit Award Agreement and Restricted Stock Award Agreement (each for non-employee directors) under The Men’s Wearhouse, Inc. 2004 Long-Term Incentive Plan (incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on April ~~20, 2012)~~9, 2013).
~~10.3~~*10.5	—	Forms of Deferred Stock Unit Award Agreement, Performance-Based Deferred Stock Unit Award Agreement, Restricted Stock Award Agreement and Nonqualified Stock Option Award Agreement (each for named executive officers) under The Men’s Wearhouse, Inc. 2004 Long-Term Incentive ~~Plan(incorporated~~Plan (incorporated by reference from Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Commission on April ~~20, 2012)~~9, 2013).
*10.6	—	Forms of Deferred Stock Unit Award Agreement, Performance-Based Deferred Stock Unit Award Agreement, Restricted Stock Award Agreement and Nonqualified Stock Option Award Agreement (each for executive officers) under The Men’s Wearhouse, Inc. 2004 Long-Term Incentive Plan (incorporated by reference from Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the Commission on April 9, 2013).
31.1	—	Certification of Periodic Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by the Chief Executive Officer (filed herewith).
31.2	—	Certification of Periodic Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by the Chief Financial Officer (filed herewith).
32.1	—	Certification of Periodic Report Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by the Chief Executive Officer ~~(filed~~(furnished herewith)†.
32.2	—	Certification of Periodic Report Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by the Chief Financial Officer ~~(filed~~(furnished herewith)†.
101.1	—	The following financial information from The Men’s Wearhouse, Inc.’s Quarterly Report on Form 10-Q for the quarter ended ~~April 28, 2012,~~May 4, 2013, formatted in XBRL (Extensible Business Reporting Language) and furnished electronically herewith: (i) the Condensed Consolidated Balance Sheets; (ii) the Condensed Consolidated Statements of Earnings; (iii) the Condensed Consolidated Statements of Other Comprehensive Income; (iv) the Condensed Consolidated Statements of Cash Flows; and (v) the Notes to Condensed Consolidated Financial Statements.

* Management Compensation or Incentive Plan.

† This exhibit will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. Such exhibit shall not be deemed incorporated into any filing under the Securities Act of 1933, as amended or the Securities Exchange Act of 1934, as amended.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant, The Men’s Wearhouse, Inc., has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Dated: June ~~7, 2012~~13, 2013	THE MEN’S WEARHOUSE, INC.


	By	/s/ ~~NEILL P. DAVIS~~JON W. KIMMINS
	~~Neill P. Davis~~Jon W. Kimmins
	Executive Vice President, Chief Financial Officer,
	Treasurer and Principal Financial Officer

3233

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EXHIBIT INDEX

Exhibit Number		Exhibit Index

*10.1	—	Fifth Amended and Restated Employment Agreement dated effective as of May 14, 2013, by and between The Men’s Wearhouse, Inc. ~~2004 Long-Term Incentive Plan Subplan for UK Employees~~and David H. Edwab (filed herewith).
*10.2	—	Employment Agreement dated effective as of April 1, 2013, by and between The Men’s Wearhouse, Inc. and Charles Bresler (filed herewith).
10.3	—	Third Amended and Restated Credit Agreement, dated as April 12, 2013, by and among The Men’s Wearhouse, Inc., Moores The Suit People Inc., MWUK Holding Company Limited, the financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian Agent, and J.P. Morgan Europe Limited, as European Agent (incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on ~~March 29, 2012)~~April 16, 2013).
~~10.2~~*10.4	—	~~Second Amendment to~~Forms of Deferred Stock Unit Award Agreement and Restricted Stock Award Agreement (each for non-employee directors) under The Men’s Wearhouse, Inc. 2004 Long-Term Incentive Plan (incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on April ~~20, 2012)~~9, 2013).
~~10.3~~*10.5	—	Forms of Deferred Stock Unit Award Agreement, Performance-Based Deferred Stock Unit Award Agreement, Restricted Stock Award Agreement and Nonqualified Stock Option Award Agreement (each for named executive officers) under The Men’s Wearhouse, Inc. 2004 Long-Term Incentive ~~Plan(incorporated~~Plan (incorporated by reference from Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Commission on April ~~20, 2012)~~9, 2013).
*10.6	—	Forms of Deferred Stock Unit Award Agreement, Performance-Based Deferred Stock Unit Award Agreement, Restricted Stock Award Agreement and Nonqualified Stock Option Award Agreement (each for executive officers) under The Men’s Wearhouse, Inc. 2004 Long-Term Incentive Plan (incorporated by reference from Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the Commission on April 9, 2013).
31.1	—	Certification of Periodic Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by the Chief Executive Officer (filed herewith).
31.2	—	Certification of Periodic Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by the Chief Financial Officer (filed herewith).
32.1	—	Certification of Periodic Report Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by the Chief Executive Officer ~~(filed~~(furnished herewith)†.
32.2	—	Certification of Periodic Report Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by the Chief Financial Officer ~~(filed~~(furnished herewith)†.
101.1	—	The following financial information from The Men’s Wearhouse, Inc.’s Quarterly Report on Form 10-Q for the quarter ended ~~April 28, 2012,~~May 4, 2013, formatted in XBRL (Extensible Business Reporting Language) and furnished electronically herewith: (i) the Condensed Consolidated Balance Sheets; (ii) the Condensed Consolidated Statements of Earnings; (iii) the Condensed Consolidated Statements of Other Comprehensive Income; (iv) the Condensed Consolidated Statements of Cash Flows; and (v) the Notes to Condensed Consolidated Financial Statements.

33* Management Compensation or Incentive Plan.

	Common Stock		Capital in Excess of Par			Retained Earnings			Accumulated Other Comprehensive Income		Treasury Stock, at Cost			Total Equity Attributable to Common Shareholders			Noncontrolling Interest			Total Equity
Balances — January 28, 2012	$	718	$	362,735		$	1,095,535		$	36,921	$	(476,749	)	$	1,019,160		$	12,659		$	1,031,819
Net earnings (loss)	—		—			26,884			—		—			26,884			(304		)	26,580
Other comprehensive income	—		—			—			7,726		—			7,726			416			8,142
Cash dividends	—		—			(9,289		)	—		—			(9,289		)	—			(9,289		)
Share-based compensation	—		4,117			—			—		—			4,117			—			4,117
Common stock issued to stock discount plan	—		624			—			—		—			624			—			624
Common stock issued upon exercise of stock options	1		2,608			—			—		—			2,609			—			2,609
Common stock issued pursuant to restricted stock and deferred stock unit awards	2		(2		)	—			—		—			—			—			—
Tax payments related to vested deferred stock units	—		(4,017		)	—			—		—			(4,017		)	—			(4,017		)
Tax benefit related to share-based plans	—		1,960			—			—		—			1,960			—			1,960
Treasury stock purchased	—		—			—			—		(33,866		)	(33,866		)	—			(33,866		)
Balances — April 28, 2012	$	721	$	368,025		$	1,113,130		$	44,647	$	(510,615	)	$	1,015,908		$	12,771		$	1,028,679

	Shares		Weighted- Average Grant-Date Fair Value
Nonvested at January 28, 2012	539,749		$	28.10
Granted	330,284		40.13
Vested (1)	(350,255	)	27.68
Forfeited	(4,784	)	27.94
Nonvested at April 28, 2012	514,994		$	36.10

(in millions)			Amount Attributed to
$	11.6		Increase in comparable sales.
8.7			Increase from net sales of stores opened in 2011, relocated stores and expanded stores not yet included in comparable sales.
1.2			Increase in e-commerce, alteration and other services sales.
0.8			Increase in net sales from four new stores opened in 2012.
(5.1		)	Decrease in net sales resulting from closed stores.
(1.2		)	Decrease in net sales resulting from change in U.S./Canadian dollar exchange rate.
$	16.0		Increase in total retail sales.