Lululemon Athletica (LULU) 10-Q 12 Jun 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	4-May-14	Jun. 09, 2014
Document Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	4-May-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'LULU	'
Entity Registrant Name	'lululemon athletica inc.	'
Entity Central Index Key	'0001397187	'
Current Fiscal Year End Date	'--02-01	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	115,523,575

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	4-May-14	Feb. 02, 2014
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$751,965	$698,649
Accounts receivable	7,849	11,903
Inventories	177,375	186,090
Prepaid expenses and other current assets	44,194	46,197
Total current assets	981,383	942,839
Property and equipment, net	271,370	255,603
Goodwill and intangible assets, net	28,107	28,201
Deferred income tax asset	4,995	18,300
Other non-current assets	5,102	4,745
Total assets	1,290,957	1,249,688
Current liabilities	'	'
Accounts payable	6,960	12,647
Accrued liabilities	43,698	42,310
Accrued compensation and related expenses	23,373	19,445
Income taxes payable	533	769
Unredeemed gift card liability	30,919	38,343
Total current liabilities	105,483	113,514
Non-current liabilities	57,093	39,492
Total liabilities	162,576	153,006
Stockholders' equity	'	'
Undesignated preferred stock, $0.01 par value, 5,000 shares authorized, none issued and outstanding	0	0
Exchangeable stock, no par value, 60,000 shares authorized, issued and outstanding 29,938 and 29,955	0	0
Special voting stock, $0.000005 par value, 60,000 shares authorized, issued and outstanding 29,938 and 29,955	0	0
Common stock, $0.005 par value, 400,000 shares authorized, issued and outstanding 115,504 and 115,342	578	577
Additional paid-in capital	240,678	240,351
Retained earnings	942,803	923,822
Accumulated other comprehensive loss	-55,678	-68,068
Total stockholders' equity	1,128,381	1,096,682
Total liabilities and stockholders' equity	$1,290,957	$1,249,688

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	4-May-14	Feb. 02, 2014
Statement of Financial Position [Abstract]	'	'
Undesignated preferred stock, par value (in dollars per share)	$0.01	$0.01
Undesignated preferred stock, shares authorized	5,000,000	5,000,000
Undesignated preferred stock, shares issued	0	0
Undesignated preferred stock, shares outstanding	0	0
Exchangeable stock, par value (in dollars per share)	$0	$0
Exchangeable stock, shares authorized	60,000,000	60,000,000
Exchangeable stock, shares issued	29,938,000	29,955,000
Exchangeable stock, shares outstanding	29,938,000	29,955,000
Special voting stock, par value (in dollars per share)	$0.00	$0.00
Special voting stock, shares authorized	60,000,000	60,000,000
Special voting stock, shares issued	29,938,000	29,955,000
Special voting stock, shares outstanding	29,938,000	29,955,000
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	115,504,000	115,342,000
Common stock, shares outstanding	115,504,000	115,342,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	4-May-14	5-May-13
Income Statement [Abstract]	'	'
Net revenue	$384,618	$345,782
Cost of goods sold	188,874	175,057
Gross profit	195,744	170,725
Selling, general and administrative expenses	125,943	104,836
Income from operations	69,801	65,889
Other income (expense), net	1,643	1,501
Income before provision for income taxes	71,444	67,390
Provision for income taxes	52,463	20,111
Net income	18,981	47,279
Basic earnings per share (in dollars per share)	$0.13	$0.33
Diluted earnings per share (in dollars per share)	$0.13	$0.32
Basic weighted-average number of shares outstanding	145,383	144,482
Diluted weighted-average number of shares outstanding	145,861	145,849
Other comprehensive income (loss):	'	'
Foreign currency translation adjustment	12,390	-4,447
Comprehensive income	$31,371	$42,832

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Total	Exchangeable Stock [Member]	Special Voting Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
In Thousands
Beginning balance at Feb. 02, 2014	$1,096,682	$0	$0	$577	$240,351	$923,822	($68,068)
Beginning balance, shares at Feb. 02, 2014	'	29,955	29,955	115,342	'	'	'
Net income	18,981	'	'	'	'	18,981	'
Foreign currency translation adjustment	12,390	'	'	'	'	'	12,390
Stock-based compensation	1,977	'	'	'	1,977	'	'
Common stock issued upon exchange of exchangeable shares	0	0	0	0	0	'	'
Common stock issued upon exchange of exchangeable shares, shares	'	-17	-17	-17	'	'	'
Stock options exercised	1,575	'	'	0	1,575	'	'
Stock options exercised, shares	'	'	'	65	'	'	'
Common stock issued upon settlement of performance-based restricted stock units	0	'	'	1	-1	'	'
Common stock issued upon settlement of performance-based restricted stock units, shares	'	'	'	146	'	'	'
Shares withheld related to net share settlement of performance-based restricted stock units	-3,224	'	'	0	-3,224	'	'
Shares withheld related to net share settlement of performance-based restricted stock units, shares	'	'	'	-66	'	'	'
Ending balance at May. 04, 2014	$1,128,381	$0	$0	$578	$240,678	$942,803	($55,678)
Ending balance, shares at May. 04, 2014	'	29,938	29,938	115,504	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	4-May-14	5-May-13
Cash flows from operating activities	'	'
Net income	$18,981	$47,279
Items not affecting cash	'	'
Provision for inventories	-1,734	17,153
Depreciation and amortization	12,460	11,729
Stock-based compensation	1,977	4,286
Deferred income taxes	30,946	0
Excess tax benefits from stock-based compensation	0	-280
Other, including net changes in other non-cash balances	'	'
Prepaid tax installments	5,900	-4,637
Other prepaid expenses and other current assets	-53	-3,069
Inventories	11,241	-6,229
Accounts payable	-5,805	2,709
Accrued liabilities	1,092	7,847
Income taxes payable	-236	-37,787
Accrued compensation and related expenses	3,815	-8,749
Other non-cash balances	-7,609	-5,117
Net cash provided by operating activities	70,975	25,135
Cash flows from investing activities	'	'
Purchase of property and equipment	-25,447	-20,976
Net cash used in investing activities	-25,447	-20,976
Cash flows from financing activities	'	'
Proceeds from exercise of stock options	1,575	163
Excess tax benefits from stock-based compensation	0	280
Taxes paid related to net share settlement of equity awards	-3,224	-4,801
Net cash used in financing activities	-1,649	-4,358
Effect of exchange rate changes on cash	9,437	-1,562
Increase (decrease) in cash and cash equivalents	53,316	-1,761
Cash and cash equivalents, beginning of period	698,649	590,179
Cash and cash equivalents, end of period	$751,965	$588,418

Nature_of_Operations_and_Basis

Nature of Operations and Basis of Presentation	3 Months Ended
	4-May-14
Accounting Policies [Abstract]	'
Nature of Operations and Basis of Presentation	'
	NATURE OF OPERATIONS AND BASIS OF PRESENTATION
	Nature of operations
	lululemon athletica inc., a Delaware corporation ("lululemon" and, together with its subsidiaries unless the context otherwise requires, the "Company") is engaged in the design, manufacture and distribution of healthy lifestyle inspired athletic apparel, which is sold through a chain of corporate-owned and operated retail stores, direct to consumer through e-commerce, showrooms, a network of wholesale accounts, outlets and warehouse sales. The Company's primary markets are the United States, Canada, Australia, New Zealand, and the United Kingdom, where 178, 54, 26, four, and one corporate-owned store(s) were in operation as of May 4, 2014, respectively. There were a total of 263 and 254 corporate-owned stores in operation as of May 4, 2014 and February 2, 2014, respectively.
	Basis of presentation
	The unaudited interim consolidated financial statements as of May 4, 2014 and for the thirteen weeks ended May 4, 2014 and May 5, 2013 are presented using the United States dollar and have been prepared by the Company under the rules and regulations of the Securities and Exchange Commission ("SEC"). In the opinion of management, the financial information is presented in accordance with United States generally accepted accounting principles ("GAAP") for interim financial information and, accordingly, does not include all of the information and footnotes required by GAAP for complete financial statements. The financial information as of February 2, 2014 is derived from the Company's audited consolidated financial statements and notes for the fiscal year ended February 2, 2014, included in Item 8 in the fiscal 2013 Annual Report on Form 10-K filed with the SEC on March 27, 2014. These unaudited interim consolidated financial statements reflect all adjustments which are in the opinion of management necessary to a fair statement of the results for the interim periods presented. These unaudited interim consolidated financial statements should be read in conjunction with the Company's consolidated financial statements and related notes included in the Company's 2013 Annual Report on Form 10-K.
	The Company’s fiscal year ends on the Sunday closest to January 31 of the following year, typically resulting in a 52 week year, but occasionally giving rise to an additional week, resulting in a 53 week year. Fiscal 2014 will end on February 1, 2015.
	The Company's business is affected by the pattern of seasonality common to most retail apparel businesses. The results for the periods presented are not necessarily indicative of future financial results.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	4-May-14
Accounting Policies [Abstract]	'
Recent Accounting Pronouncements	'
	RECENT ACCOUNTING PRONOUNCEMENTS
	In April 2014, the FASB amended ASC Topic 205 Presentation of Financial Statements ("ASC 205") and ASC Topic 360 Property, Plant, and Equipment ("ASC 360") to change the criteria for reporting discontinued operations. The amendments also require new disclosures about discontinued operations and disposals of components of an entity that do not qualify for discontinued operations reporting. This guidance is effective for public companies for years, and interim periods within those years, beginning on or after December 15, 2014, with early adoption permitted for disposals that have not been reported in financial statements previously issued or available for issuance. The Company adopted the amendment in first quarter of fiscal 2014 with no material impact on the Company's consolidated financial statements.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	4-May-14
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation	'
	STOCK-BASED COMPENSATION
	Stock-based compensation plans
	The Company's employees participate in various stock-based compensation plans, which are provided by the Company directly.
	Stock-based compensation expense charged to income for the plans was $1,977 and $4,286 for the thirteen weeks ended May 4, 2014 and May 5, 2013, respectively. Total unrecognized compensation cost for all stock-based compensation plans was $26,829 at May 4, 2014, which is expected to be recognized over a weighted-average period of 2.7 years.
	Company stock options, performance-based restricted stock units, restricted shares and restricted stock units
	A summary of the Company's stock option, performance-based restricted stock unit, restricted share and restricted stock unit activity as of May 4, 2014 and changes during the thirteen week period then ended is presented below:
		Stock Options				Performance-Based Restricted Stock Units			Restricted Shares			Restricted Stock Units
		Number		Weighted-Average Exercise Price		Number	Weighted-Average Grant Date Fair Value		Number	Weighted-Average Grant Date Fair Value		Number	Weighted-Average Grant Date Fair Value
	Balance at February 2, 2014	669		$	30.76	428	$	57.08	57	$	51.99	—	$	—
	Granted	204		52.47		295	50.08		—	—		20	52.59
	Exercised	65		24.37		146	37.99		—	—		—	—
	Forfeited	9		65.43		9	63.21		—	—		—	—
	Balance at May 4, 2014	799		$	36.4	568	$	58.27	57	$	51.99	20	$	52.59
	Exercisable at May 4, 2014	407		$	19.29
	The fair value of each stock option granted is estimated on date of grant using the Black-Scholes model. The assumptions used to calculate the fair value of options granted are evaluated and revised, as necessary, to reflect market conditions and the Company's historical experience. The expected term of the options is based upon historical experience of similar awards, giving consideration for expectations of future employee behavior. Expected volatility is based upon the historical volatility of the Company's stock for the period corresponding with the expected term of the options. The risk-free interest rate is based on the U.S. Treasury yield curve in effect on the first day of fiscal 2014 for the period corresponding with the expected term of the options. The following assumptions were used in calculating the fair value of stock options granted in fiscal 2014:
		Stock Options Granted During
		Fiscal 2014
	Expected term	4.0 years
	Expected volatility	45.93	%
	Risk-free interest rate	1.04	%
	Dividend yield	—	%
	The Company's performance-based restricted stock units are awarded to eligible employees and entitle the grantee to receive a maximum of 1.5 shares of common stock per performance-based restricted stock unit if the Company achieves specified performance goals and the grantee remains employed during the vesting period. The fair value of performance-based restricted stock units is based on the closing price of the Company's common stock on the award date. Expense for performance share units is recognized when it is probable that the performance goal will be achieved.
	Employee stock purchase plan
	The Company's Board of Directors and stockholders approved the Company's Employee Share Purchase Plan ("ESPP") in September 2007. Contributions are determined by eligible employees, subject to certain limits as defined in the ESPP, and the Company matches one-third of that amount. The maximum number of shares available under the ESPP is 6,000 shares. During the thirteen weeks ended May 4, 2014, there were 31 shares purchased under the ESPP in the open market.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	4-May-14
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	EARNINGS PER SHARE
	The details of the computation of basic and diluted earnings per share are as follows:
		Thirteen Weeks Ended May 4, 2014		Thirteen Weeks Ended May 5, 2013
	Net income	$	18,981	$	47,279
	Basic weighted-average number of shares outstanding	145,383		144,482
	Effect of stock options assume exercised	478		1,367
	Diluted weighted-average number of shares outstanding	145,861		145,849
	Basic earnings per share	$	0.13	$	0.33
	Diluted earnings per share	$	0.13	$	0.32
	The Company's calculation of weighted-average shares includes the common stock of the Company as well as the exchangeable shares. Exchangeable shares are the equivalent of common shares in all material respects. All classes of stock have in effect the same rights and share equally in undistributed net income. For the thirteen weeks ended May 4, 2014 and May 5, 2013, 264 and 57 stock options, respectively, were anti-dilutive to earnings per share and therefore have been excluded from the computation of diluted earnings per share.

Supplementary_Financial_Inform

Supplementary Financial Information	3 Months Ended
	4-May-14
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Supplementary Financial Information	'
	SUPPLEMENTARY FINANCIAL INFORMATION
	A summary of certain balance sheet accounts is as follows:
		May 4,			February 2,
		2014			2014
	Inventories:
	Finished goods	$	185,842		$	196,292
	Provision to reduce inventory to market value	(8,467		)	(10,202		)
		$	177,375		$	186,090
	Prepaid expenses and other current assets:
	Prepaid tax installments	$	19,344		$	25,211
	Prepaid expenses	24,850			20,986
		$	44,194		$	46,197
	Property and equipment:
	Land	$	68,855		$	67,903
	Buildings	25,770			20,407
	Leasehold improvements	151,586			140,748
	Furniture and fixtures	44,400			41,400
	Computer hardware and software	107,729			100,034
	Equipment and vehicles	4,886			4,108
	Accumulated amortization and depreciation	(131,856		)	(118,997		)
		$	271,370		$	255,603
	Goodwill and intangible assets:
	Goodwill	$	25,496		$	25,496
	Changes in foreign currency exchange rates	(125		)	(217		)
		25,371			25,279
	Reacquired franchise rights	10,630			10,630
	Accumulated amortization	(8,035		)	(7,830		)
	Changes in foreign currency exchange rates	141			122
		2,736			2,922
		$	28,107		$	28,201
	Accrued liabilities:
	Inventory purchases	$	14,093		$	12,715
	Sales tax collected	8,908			8,341
	Accrued rent	5,021			5,936
	Other	15,676			15,318
		$	43,698		$	42,310
	Non-current liabilities:
	Deferred lease liability	$	18,400		$	17,994
	Tenant inducements	17,126			17,521
	Deferred income tax liability	21,567			3,977
		$	57,093		$	39,492

Legal_Proceedings

Legal Proceedings	3 Months Ended
	4-May-14
Commitments and Contingencies Disclosure [Abstract]	'
Legal Proceedings	'
	LEGAL PROCEEDINGS
	On October 25, 2013, plaintiff Laborers' District Council Industry Pension Fund filed a books-and-records action in the Delaware Court of Chancery entitled Laborers' District Council Construction Industry Pension Fund v. lululemon athletica inc., C.A. No. 9039-VCP (Del. Ch.) under 8 Del. C. Sec. 220 based on a demand letter it sent to the Company on or around August 8, 2013 to request certain lululemon records relating to the March 2013 sheer Luon issue, the Company's announcement that its then CEO, Christine Day, intended to resign, and certain stock trades executed by the then-Chairman of the Company's board of directors, Mr. Wilson, prior to the Company's announcement regarding its former CEO, Christine Day. The Court held a one-day trial on February 19, 2014, which took the form of an oral argument. On April 2, 2014, the Court rejected the majority of books and records sought by plaintiff and ordered the Company to produce a narrow category of documents relating to one trade made by the Company’s former Chairman.
	On August 12, 2013 and August 23, 2013, plaintiffs Thomas Canty and Tammy Federman filed shareholder derivative actions entitled Canty v. Day, et al., No. 13-CV-5629 (S.D.N.Y.) and Federman v. Day, et al., No. 13-CV-5977 (S.D.N.Y.). Plaintiffs allege that they are acting on behalf of the Company and name as defendants current and former directors and certain officers of the Company. On January 17, 2014, plaintiffs filed an amended complaint, operative in both actions. In that amended complaint, plaintiffs challenge certain public disclosures and conduct relating to the March 2013 sheer Luon issue, the June 2013 announcement regarding the resignation of the Company's former CEO, Christine Day, and certain stock trades executed by Mr. Wilson and Ms. Day in the months leading up to that announcement. Plaintiffs allege violations of Section 14(a) of the Securities Exchange Act and breach of fiduciary duty, unjust enrichment, abuse of control, and gross mismanagement. On April 9, 2014, the Court dismissed all of plaintiffs’ claims due to plaintiffs’ failure to make a pre-suit demand. On May 9, 2014, plaintiff in the Canty action filed a notice of appeal to the United States Court of Appeals for the Second Circuit. The Company believes there is no merit to the appeal.
	On July 2, 2013, plaintiff Houssam Alkhoury filed a putative shareholder class action entitled Alkhoury v. lululemon athletica inc., et al., No. 13-CV-4596 (S.D.N.Y.) against lululemon, a certain director and a certain officer of the Company (collectively, "Defendants"). On October 1, 2013, the Court appointed Louisiana Sheriffs' Pension & Relief Fund as Lead Plaintiff and on November 1, 2013, Lead Plaintiff filed a consolidated class action complaint on behalf of a proposed class of purchasers of lululemon stock between September 7, 2012 through June 11, 2013 (the "Complaint"). In its Complaint, Lead Plaintiff asserted causes of action under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 against Defendants based on certain public disclosures made by the Company relating to lululemon's product quality and the March 2013 sheer Luon issue. On January 15, 2014, Lead Plaintiff filed a consolidated amended class action complaint (the "Amended Complaint") on behalf of a proposed class of purchasers of lululemon stock between September 7, 2012 through January 10, 2014. In its Amended Complaint, Lead Plaintiff added new claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 based on certain of lululemon's public disclosures related to the Company's ongoing quality control improvements and the impact of those improvements on the Company's financial results. On April 18, 2014, the Court dismissed all of Lead Plaintiff’s claims for failure to state a claim. On May 16, 2014, Lead Plaintiff filed a notice of appeal to the United States Court of Appeals for the Second Circuit. The Company believes there is no merit to the appeal.
	On May 3, 2013, plaintiff Hallandale Beach Police Officers and Firefighters Personnel Retirement Fund filed a books-and-records action in the Delaware Court of Chancery entitled Hallandale Beach Police Officers and Firefighters' Personnel Retirement Fund v. lululemon athletica inc., C.A. No. 8522-VCP (Del. Ch.) under 8 Del. C. Sec. 220 based on a demand letter it sent to the Company on April 17, 2013 to request certain lululemon records relating to the March 2013 sheer Luon issue and revisions to the Company's executive bonus plan. The Company moved to dismiss the complaint on May 28, 2013. On June 14, 2013, plaintiff sent a supplemental demand letter that requested additional records from the Company relating to the Company's announcement that Christine Day intended to resign as the Company's Chief Executive Officer, and certain stock trades executed by the Company's then-Chairman, Mr. Wilson, prior to the Company's announcement regarding Ms. Day. On July 1, 2013, plaintiff filed an amended complaint to incorporate allegations relating to the June 14, 2013 supplemental demand letter. The Company moved to dismiss the amended complaint on August 15, 2013, and in response to this filing, plaintiffs served the Company with a new demand letter and then filed a second amended complaint on November 4, 2013. The Company moved to dismiss the second amended complaint on December 4, 2013 and the Court held argument on the motion on February 5, 2014. On April 2, 2014, the Court rejected the majority of books and records sought by plaintiff and ordered the Company to produce a narrow category of documents relating to one trade made by the Company’s former Chairman.
	The Company has indemnification agreements with certain of its current and former officers and directors that may require it, among other things, to indemnify such current or former officers and directors against certain liabilities that may arise by reason of their status or service as directors or officers and to advance their expenses incurred as a result of any proceeding against them as to which they could be indemnified.
	The Company is unable at this time to predict the amount of its legal expenses associated with these proceedings and any settlement or damages associated with these matters. In the event that the Company is unsuccessful in its defense, or if the Company pursues settlement with regard to any of these actions, the Company could be required to pay significant final settlement amounts and/or judgments that exceed the limits of its insurance policies or the carriers may decline to fund such final settlements and/or judgments, which could have a material adverse effect on the Company's financial condition and liquidity. Regardless of whether any of the claims asserted against the Company in these actions are valid, or whether the Company is ultimately held liable, such litigation may be expensive to defend and may divert resources away from the Company's operations and negatively impact earnings. Further, the Company may not be able to obtain adequate insurance to protect it from these types of litigation matters or extraordinary business losses.
	In addition to the legal matters described above, the Company is, from time to time, involved in routine legal matters incidental to its business. The Company believes the ultimate resolution of any such current proceeding will not have a material adverse effect on its continued financial position, results of operations or cash flows.

Segment_Reporting

Segment Reporting	3 Months Ended
	4-May-14
Segment Reporting [Abstract]	'
Segment Reporting	'
	SEGMENT REPORTING
	The Company applies ASC Topic 280, Segment Reporting ("ASC 280"), in determining reportable segments for its financial statement disclosure. The Company reports segments based on the financial information it uses in managing its business. The Company's reportable segments are comprised of corporate-owned stores, direct to consumer and other. Direct to consumer includes sales from the Company's e-commerce websites. Showroom sales, sales to wholesale accounts, outlet sales and warehouse sales have been combined into other. The Company has reviewed the classification of its expenses amongst its reportable segments and has updated the classification of some of these expenses. Accordingly, all prior year comparable information has been reclassified to conform to the current year classification. Information for these segments is detailed in the table below:
		Thirteen Weeks Ended		Thirteen Weeks Ended
		May 4, 2014		May 5, 2013
	Net revenue:
	Corporate-owned stores	$	288,101	$	269,357
	Direct to consumer	65,974		53,967
	Other	30,543		22,458
		$	384,618	$	345,782
	Income from operations before general corporate expense:
	Corporate-owned stores	$	75,697	$	70,873
	Direct to consumer	27,117		21,191
	Other	3,276		4,362
		106,090		96,426
	General corporate expense	36,289		30,537
	Income from operations	69,801		65,889
	Other income (expense), net	1,643		1,501
	Income before provision for income taxes	$	71,444	$	67,390
	Capital expenditures:
	Corporate-owned stores	$	15,867	$	10,589
	Direct to consumer	1,112		371
	Corporate	8,468		10,016
		$	25,447	$	20,976
	Depreciation:
	Corporate-owned stores	$	8,396	$	7,494
	Direct to consumer	1,006		995
	Corporate	3,058		3,240
		$	12,460	$	11,729

Subsequent_Event_Subsequent_Ev

Subsequent Event Subsequent Event	3 Months Ended
	4-May-14
Subsequent Events [Abstract]	'
Subsequent Event	'
	SUBSEQUENT EVENT
	The Company evaluates events or transactions that occur after the balance sheet date through to the date which the financial statements are issued, for potential recognition or disclosure in its unaudited interim consolidated financial statements in accordance with ASC Topic 855, Subsequent Events ("ASC 855").
	As at May 4, 2014 the Company had approximately $648,263 of undistributed earnings of foreign subsidiaries. Subsequent to May 4, 2014 the Company intends to distribute up to $500,000 to the U.S. parent entity to fund a share repurchase program and associated taxes. The Company has recorded an incremental tax expense and deferred tax liability as at May 4, 2014 of $30,946 to provide for U.S. income and applicable foreign withholding taxes. On June 11, 2014 the Company’s Board of Directors approved a program to repurchase shares of the Company’s common stock up to an aggregate value of $450,000. The Company intends to fund the share repurchase program through its available cash. The remaining undistributed earnings of the foreign subsidiaries will be permanently reinvested for the foreseeable future.

Nature_of_Operations_and_Basis1

Nature of Operations and Basis of Presentation (Policies)	3 Months Ended
	4-May-14
Accounting Policies [Abstract]	'
Basis of presentation	'
	Basis of presentation
	The unaudited interim consolidated financial statements as of May 4, 2014 and for the thirteen weeks ended May 4, 2014 and May 5, 2013 are presented using the United States dollar and have been prepared by the Company under the rules and regulations of the Securities and Exchange Commission ("SEC"). In the opinion of management, the financial information is presented in accordance with United States generally accepted accounting principles ("GAAP") for interim financial information and, accordingly, does not include all of the information and footnotes required by GAAP for complete financial statements. The financial information as of February 2, 2014 is derived from the Company's audited consolidated financial statements and notes for the fiscal year ended February 2, 2014, included in Item 8 in the fiscal 2013 Annual Report on Form 10-K filed with the SEC on March 27, 2014. These unaudited interim consolidated financial statements reflect all adjustments which are in the opinion of management necessary to a fair statement of the results for the interim periods presented. These unaudited interim consolidated financial statements should be read in conjunction with the Company's consolidated financial statements and related notes included in the Company's 2013 Annual Report on Form 10-K.
New accounting pronouncements	'
	In April 2014, the FASB amended ASC Topic 205 Presentation of Financial Statements ("ASC 205") and ASC Topic 360 Property, Plant, and Equipment ("ASC 360") to change the criteria for reporting discontinued operations. The amendments also require new disclosures about discontinued operations and disposals of components of an entity that do not qualify for discontinued operations reporting. This guidance is effective for public companies for years, and interim periods within those years, beginning on or after December 15, 2014, with early adoption permitted for disposals that have not been reported in financial statements previously issued or available for issuance. The Company adopted the amendment in first quarter of fiscal 2014 with no material impact on the Company's consolidated financial statements.

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	4-May-14
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Summary of Company's Stock Option, Performance Share Unit and Restricted Share Activity	'
	A summary of the Company's stock option, performance-based restricted stock unit, restricted share and restricted stock unit activity as of May 4, 2014 and changes during the thirteen week period then ended is presented below:
		Stock Options				Performance-Based Restricted Stock Units			Restricted Shares			Restricted Stock Units
		Number		Weighted-Average Exercise Price		Number	Weighted-Average Grant Date Fair Value		Number	Weighted-Average Grant Date Fair Value		Number	Weighted-Average Grant Date Fair Value
	Balance at February 2, 2014	669		$	30.76	428	$	57.08	57	$	51.99	—	$	—
	Granted	204		52.47		295	50.08		—	—		20	52.59
	Exercised	65		24.37		146	37.99		—	—		—	—
	Forfeited	9		65.43		9	63.21		—	—		—	—
	Balance at May 4, 2014	799		$	36.4	568	$	58.27	57	$	51.99	20	$	52.59
	Exercisable at May 4, 2014	407		$	19.29
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	'
	The following assumptions were used in calculating the fair value of stock options granted in fiscal 2014:
		Stock Options Granted During
		Fiscal 2014
	Expected term	4.0 years
	Expected volatility	45.93	%
	Risk-free interest rate	1.04	%
	Dividend yield	—	%

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	4-May-14
Earnings Per Share [Abstract]	'
Computation of Basic and Diluted Earning Per Share	'
	The details of the computation of basic and diluted earnings per share are as follows:
		Thirteen Weeks Ended May 4, 2014		Thirteen Weeks Ended May 5, 2013
	Net income	$	18,981	$	47,279
	Basic weighted-average number of shares outstanding	145,383		144,482
	Effect of stock options assume exercised	478		1,367
	Diluted weighted-average number of shares outstanding	145,861		145,849
	Basic earnings per share	$	0.13	$	0.33
	Diluted earnings per share	$	0.13	$	0.32

Supplementary_Financial_Inform1

Supplementary Financial Information (Tables)	3 Months Ended
	4-May-14
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Summary of Certain Balance Sheet Accounts	'
	A summary of certain balance sheet accounts is as follows:
		May 4,			February 2,
		2014			2014
	Inventories:
	Finished goods	$	185,842		$	196,292
	Provision to reduce inventory to market value	(8,467		)	(10,202		)
		$	177,375		$	186,090
	Prepaid expenses and other current assets:
	Prepaid tax installments	$	19,344		$	25,211
	Prepaid expenses	24,850			20,986
		$	44,194		$	46,197
	Property and equipment:
	Land	$	68,855		$	67,903
	Buildings	25,770			20,407
	Leasehold improvements	151,586			140,748
	Furniture and fixtures	44,400			41,400
	Computer hardware and software	107,729			100,034
	Equipment and vehicles	4,886			4,108
	Accumulated amortization and depreciation	(131,856		)	(118,997		)
		$	271,370		$	255,603
	Goodwill and intangible assets:
	Goodwill	$	25,496		$	25,496
	Changes in foreign currency exchange rates	(125		)	(217		)
		25,371			25,279
	Reacquired franchise rights	10,630			10,630
	Accumulated amortization	(8,035		)	(7,830		)
	Changes in foreign currency exchange rates	141			122
		2,736			2,922
		$	28,107		$	28,201
	Accrued liabilities:
	Inventory purchases	$	14,093		$	12,715
	Sales tax collected	8,908			8,341
	Accrued rent	5,021			5,936
	Other	15,676			15,318
		$	43,698		$	42,310
	Non-current liabilities:
	Deferred lease liability	$	18,400		$	17,994
	Tenant inducements	17,126			17,521
	Deferred income tax liability	21,567			3,977
		$	57,093		$	39,492

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	4-May-14
Segment Reporting [Abstract]	'
Detailed Segments Information	'
	Information for these segments is detailed in the table below:
		Thirteen Weeks Ended		Thirteen Weeks Ended
		May 4, 2014		May 5, 2013
	Net revenue:
	Corporate-owned stores	$	288,101	$	269,357
	Direct to consumer	65,974		53,967
	Other	30,543		22,458
		$	384,618	$	345,782
	Income from operations before general corporate expense:
	Corporate-owned stores	$	75,697	$	70,873
	Direct to consumer	27,117		21,191
	Other	3,276		4,362
		106,090		96,426
	General corporate expense	36,289		30,537
	Income from operations	69,801		65,889
	Other income (expense), net	1,643		1,501
	Income before provision for income taxes	$	71,444	$	67,390
	Capital expenditures:
	Corporate-owned stores	$	15,867	$	10,589
	Direct to consumer	1,112		371
	Corporate	8,468		10,016
		$	25,447	$	20,976
	Depreciation:
	Corporate-owned stores	$	8,396	$	7,494
	Direct to consumer	1,006		995
	Corporate	3,058		3,240
		$	12,460	$	11,729

Nature_of_Operations_and_Basis2

Nature of Operations and Basis of Presentation - Additional Information (Detail)	4-May-14	Feb. 02, 2014
	Store	Store
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Number of stores	263	254
United States [Member]	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Number of stores	178	'
Canada [Member]	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Number of stores	54	'
Australia [Member]	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Number of stores	26	'
New Zealand [Member]	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Number of stores	4	'
United Kingdom [Member]	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Number of stores	1	'

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	4-May-14	5-May-13
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Stock-based compensation expense	$1,977	$4,286
Total unrecognized compensation cost	$26,829	'
Expected weighted-average period of compensation cost	'2 years 8 months 12 days	'
Common stock per performance share unit	1.5	'
ESPP [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Employee Stock Ownership Plan (ESOP), Contributions Matched by Company, Percent	33.33%	'
Maximum shares available under ESPP	6,000,000	'
Shares purchased under ESPP	31,000	'

StockBased_Compensation_Summar

Stock-Based Compensation - Summary of Company's Stock Option, Performance Share Unit and Restricted Share Activity (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	4-May-14
Stock Options [Member]	'
Number	'
Number of Stock Options, Beginning Balance	669
Number of Stock Options, Granted	204
Number of Stock Options, Exercised	65
Number of Stock Options, Forfeited	9
Number of Stock Options, Ending Balance	799
Exercisable	407
Weighted-Average Exercise Price	'
Weighted-Average Exercise Price, Options, Beginning Balance (in dollars per share)	$30.76
Weighted-Average Exercise Price, Options, Granted (in dollars per share)	$52.47
Weighted-Average Exercise Price, Options, Exercised (in dollars per share)	$24.37
Weighted-Average Exercise Price, Options, Forfeited (in dollars per share)	$65.43
Weighted-Average Exercise Price, Options, Ending Balance (in dollars per share)	$36.40
Exercisable (in dollars per share)	$19.29
Performance-Based Restricted Stock Units [Member]	'
Number of Performance-Based Restricted Stock Units and Restricted Shares	'
Number of Stock, Beginning Balance	428
Number of Stock, Granted	295
Number of Stock, Exercised	146
Number of Stock, Forfeited	9
Number of Stock, Ending Balance	568
Weighted-Average Grant Date Fair Value	'
Weighted-Average Grant Fair Value, Beginning Balance (in dollars per share)	$57.08
Weighted-Average Grant Fair Value, Granted (in dollars per share)	$50.08
Weighted-Average Grant Fair Value, Exercised (in dollars per share)	$37.99
Weighted-Average Grant Fair Value, Forfeited (in dollars per share)	$63.21
Weighted-Average Grant Fair Value, Ending Balance (in dollars per share)	$58.27
Restricted Stock [Member]	'
Number of Performance-Based Restricted Stock Units and Restricted Shares	'
Number of Stock, Beginning Balance	57
Number of Stock, Granted	0
Number of Stock, Exercised	0
Number of Stock, Forfeited	0
Number of Stock, Ending Balance	57
Weighted-Average Grant Date Fair Value	'
Weighted-Average Grant Fair Value, Beginning Balance (in dollars per share)	$51.99
Weighted-Average Grant Fair Value, Granted (in dollars per share)	$0
Weighted-Average Grant Fair Value, Exercised (in dollars per share)	$0
Weighted-Average Grant Fair Value, Forfeited (in dollars per share)	$0
Weighted-Average Grant Fair Value, Ending Balance (in dollars per share)	$51.99
Restricted Stock Units [Member]	'
Number of Performance-Based Restricted Stock Units and Restricted Shares	'
Number of Stock, Beginning Balance	0
Number of Stock, Granted	20
Number of Stock, Exercised	0
Number of Stock, Forfeited	0
Number of Stock, Ending Balance	20
Weighted-Average Grant Date Fair Value	'
Weighted-Average Grant Fair Value, Beginning Balance (in dollars per share)	$0
Weighted-Average Grant Fair Value, Granted (in dollars per share)	$52.59
Weighted-Average Grant Fair Value, Exercised (in dollars per share)	$0
Weighted-Average Grant Fair Value, Forfeited (in dollars per share)	$0
Weighted-Average Grant Fair Value, Ending Balance (in dollars per share)	$52.59

StockBased_Compensation_Fair_V

Stock-Based Compensation - Fair Value Assumptions (Details)	3 Months Ended
	4-May-14
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Expected term	'4 years
Expected volatility	45.93%
Risk-free interest rate	1.04%
Dividend yield	0.00%

Earnings_Per_Share_Computation

Earnings Per Share - Computation of Basic and Diluted Earning Per Share (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	4-May-14	5-May-13
Earnings Per Share [Abstract]	'	'
Net income	$18,981	$47,279
Basic weighted-average number of shares outstanding (in shares)	145,383	144,482
Effect of stock options assume exercised (in shares)	478	1,367
Diluted weighted-average number of shares outstanding (in shares)	145,861	145,849
Basic earnings per share (in dollars per share)	$0.13	$0.33
Diluted earnings per share (in dollars per share)	$0.13	$0.32

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Detail)	3 Months Ended
In Thousands, unless otherwise specified	4-May-14	5-May-13
Earnings Per Share [Abstract]	'	'
Anti-dilutive stock options (in shares)	264	57

Supplementary_Financial_Inform2

Supplementary Financial Information - Summary of Certain Balance Sheet Accounts (Detail) (USD $)	4-May-14	Feb. 02, 2014
In Thousands, unless otherwise specified
Inventories:	'	'
Finished goods	$185,842	$196,292
Provision to reduce inventory to market value	-8,467	-10,202
Total inventories	177,375	186,090
Prepaid expenses and other current assets:	'	'
Prepaid tax installments	19,344	25,211
Prepaid expenses	24,850	20,986
Prepaid expense and other current assets total	44,194	46,197
Property and equipment:	'	'
Land	68,855	67,903
Buildings	25,770	20,407
Leasehold improvements	151,586	140,748
Furniture and fixtures	44,400	41,400
Computer hardware and software	107,729	100,034
Equipment and vehicles	4,886	4,108
Accumulated amortization and depreciation	-131,856	-118,997
Total property and equipment	271,370	255,603
Goodwill and intangible assets:	'	'
Goodwill	25,496	25,496
Changes in foreign currency exchange rates	-125	-217
Goodwill, net	25,371	25,279
Reacquired franchise rights	10,630	10,630
Accumulated amortization	-8,035	-7,830
Changes in foreign currency exchange rates	141	122
Total intangible assets	2,736	2,922
Goodwill and intangible assets, net	28,107	28,201
Accrued liabilities:	'	'
Inventory purchases	14,093	12,715
Sales tax collected	8,908	8,341
Accrued rent	5,021	5,936
Other	15,676	15,318
Accrued liabilities, Total	43,698	42,310
Non-current liabilities:	'	'
Deferred lease liability	18,400	17,994
Tenant inducements	17,126	17,521
Deferred income tax liability	21,567	3,977
Non-current liabilities, Total	$57,093	$39,492

Segment_Reporting_Detailed_Seg

Segment Reporting - Detailed Segments Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	4-May-14	5-May-13
Net revenue:	'	'
Net revenue	$384,618	$345,782
Income from operations before general corporate expense:	'	'
Income from operations before general corporate expense	106,090	96,426
General corporate expense	36,289	30,537
Income from operations	69,801	65,889
Other income (expense), net	1,643	1,501
Income before provision for income taxes	71,444	67,390
Capital expenditures:	'	'
Capital expenditures	25,447	20,976
Depreciation:	'	'
Depreciation	12,460	11,729
Operating Segments [Member] | Corporate-Owned Stores [Member]	'	'
Net revenue:	'	'
Net revenue	288,101	269,357
Income from operations before general corporate expense:	'	'
Income from operations before general corporate expense	75,697	70,873
Capital expenditures:	'	'
Capital expenditures	15,867	10,589
Depreciation:	'	'
Depreciation	8,396	7,494
Operating Segments [Member] | Direct To Consumer [Member]	'	'
Net revenue:	'	'
Net revenue	65,974	53,967
Income from operations before general corporate expense:	'	'
Income from operations before general corporate expense	27,117	21,191
Capital expenditures:	'	'
Capital expenditures	1,112	371
Depreciation:	'	'
Depreciation	1,006	995
Operating Segments [Member] | Other [Member]	'	'
Net revenue:	'	'
Net revenue	30,543	22,458
Income from operations before general corporate expense:	'	'
Income from operations before general corporate expense	3,276	4,362
Corporate, Non-Segment [Member] | Corporate [Member]	'	'
Capital expenditures:	'	'
Capital expenditures	8,468	10,016
Depreciation:	'	'
Depreciation	$3,058	$3,240

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	3 Months Ended		0 Months Ended
	4-May-14	5-May-13	Jun. 11, 2014
			Subsequent Event [Member]
Subsequent Event [Line Items]	'	'	'
Undistributed earnings of foreign subsidiaries	$648,263,000	'	'
Undistributed earnings of foreign subsidiaries, distribution amount	'	'	500,000,000
Deferred income taxes	30,946,000	0	'
Stock repurchase program, authorized amount	'	'	$450,000,000