Lululemon Athletica (LULU) 10-Q 9 Dec 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 01, 2015	Dec. 03, 2015
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 1, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	LULU
Entity Registrant Name	lululemon athletica inc.
Entity Central Index Key	1,397,187
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		128,749,784

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 01, 2015	Feb. 01, 2015
Current assets
Cash and cash equivalents	$ 403,446	$ 664,479
Accounts receivable	12,463	13,746
Inventories	357,753	208,116
Prepaid income taxes	124,776	40,547
Other prepaid expenses and other current assets	30,066	24,124
Total current assets	928,504	951,012
Property and equipment, net	346,705	296,008
Goodwill and intangible assets, net	25,407	26,163
Deferred income tax assets	10,759	16,018
Other non-current assets	10,184	7,012
Total assets	1,321,559	1,296,213
Current liabilities
Accounts payable	5,845	9,339
Accrued inventory liabilities	40,250	22,296
Accrued compensation and related expenses	44,074	29,932
Income taxes payable	46,829	20,073
Unredeemed gift card liability	35,123	46,252
Other accrued liabilities	36,207	31,989
Total current liabilities	208,328	159,881
Deferred income tax liabilities	3,524	3,633
Other non-current liabilities	49,748	43,131
Total liabilities	261,600	206,645
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 9,804 and 9,833	0	0
Special voting stock, $0.000005 par value, 60,000 shares authorized, issued and outstanding 9,804 and 9,833	0	0
Common stock, $0.005 par value, 400,000 shares authorized, issued and outstanding 129,581 and 132,112	648	661
Additional paid-in capital	246,814	241,695
Retained earnings	1,003,331	1,020,619
Accumulated other comprehensive loss	(190,834)	(173,407)
Total stockholders' equity	1,059,959	1,089,568
Total liabilities and stockholders' equity	$ 1,321,559	$ 1,296,213

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Nov. 01, 2015	Feb. 01, 2015
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, shares authorized	60,000,000	60,000,000
Exchangeable stock, shares issued	9,804,000	9,833,000
Exchangeable stock, shares outstanding	9,804,000	9,833,000
Special voting stock, par value (in dollars per share)	$ 0.000005	$ 0.000005
Special voting stock, shares authorized	60,000,000	60,000,000
Special voting stock, shares issued	9,804,000	9,833,000
Special voting stock, shares outstanding	9,804,000	9,833,000
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	129,581,000	132,112,000
Common stock, shares outstanding	129,581,000	132,112,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2015	Nov. 02, 2014	Nov. 01, 2015	Nov. 02, 2014
Income Statement [Abstract]
Net revenue	$ 479,693	$ 419,396	$ 1,356,247	$ 1,194,722
Cost of goods sold	254,896	208,308	713,548	590,583
Gross profit	224,797	211,088	642,699	604,139
Selling, general and administrative expenses	156,619	129,932	439,906	385,294
Income from operations	68,178	81,156	202,793	218,845
Other income (expense), net	(2,890)	1,814	(1,519)	5,347
Income before income tax expense	65,288	82,970	201,274	224,192
Income tax expense	12,135	22,519	52,643	96,012
Net income	53,153	60,451	148,631	128,180
Other comprehensive loss:
Foreign currency translation adjustment	(665)	(29,256)	(17,427)	(13,202)
Comprehensive income	$ 52,488	$ 31,195	$ 131,204	$ 114,978
Basic earnings per share (in dollars per share)	$ 0.38	$ 0.42	$ 1.05	$ 0.89
Diluted earnings per share (in dollars per share)	$ 0.38	$ 0.42	$ 1.05	$ 0.88
Basic weighted-average number of shares outstanding	140,282	143,180	141,198	144,581
Diluted weighted-average number of shares outstanding	140,457	143,441	141,470	144,949

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 9 months ended Nov. 01, 2015 - USD ($) shares in Thousands, $ in Thousands	Total	Exchangeable Stock [Member]	Special Voting Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning balance at Feb. 01, 2015	$ 1,089,568		$ 0	$ 661	$ 241,695	$ 1,020,619	$ (173,407)
Beginning balance, shares at Feb. 01, 2015		9,833	9,833	132,112
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	148,631					148,631
Foreign currency translation adjustment	(17,427)						(17,427)
Common stock issued upon exchange of exchangeable shares	0		$ 0	$ 0	0
Common stock issued upon exchange of exchangeable shares, shares		(29)	(29)	29
Stock-based compensation expense	6,639				6,639
Excess tax benefit from stock-based compensation	666				666
Common stock issued upon settlement of stock-based compensation	4,440			$ 2	4,438
Common stock issued upon settlement of stock-based compensation, shares				336
Shares withheld related to net share settlement of stock-based compensation	(2,439)			$ 0	(2,439)
Shares withheld related to net share settlement of stock-based compensation, shares				(41)
Repurchase of common stock	$ (169,974)			$ (15)	(4,040)	(165,919)
Repurchase of common stock, shares	(2,855)			(2,855)
Registration fees associated with prospectus supplement	$ (145)				(145)
Ending balance at Nov. 01, 2015	$ 1,059,959		$ 0	$ 648	$ 246,814	$ 1,003,331	$ (190,834)
Ending balance, shares at Nov. 01, 2015		9,804	9,804	129,581

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Nov. 01, 2015	Nov. 02, 2014
Cash flows from operating activities
Net income	$ 148,631	$ 128,180
Items not affecting cash
Depreciation and amortization	52,498	41,709
Stock-based compensation expense	6,639	5,382
Deferred income taxes	5,105	20,917
Excess tax benefits from stock-based compensation	(666)	(53)
Other, including net changes in other non-cash balances
Prepaid income taxes	(83,564)	(18,054)
Other prepaid expenses and other current assets	(6,097)	(6,054)
Inventories	(151,317)	(44,595)
Accounts payable	(3,448)	(2,980)
Accrued inventory liabilities	18,415	27,222
Other accrued liabilities	4,416	4,706
Income taxes payable	27,166	2,347
Accrued compensation and related expenses	14,448	13,815
Other non-cash balances	(6,286)	(5,701)
Net cash provided by operating activities	25,940	166,841
Cash flows from investing activities
Purchase of property and equipment	(108,061)	(89,373)
Net cash used in investing activities	(108,061)	(89,373)
Cash flows from financing activities
Proceeds from settlement of stock-based compensation	4,440	2,452
Excess tax benefits from stock-based compensation	666	53
Taxes paid related to net share settlement of equity awards	(2,439)	(4,020)
Repurchase of common stock	(169,974)	(130,266)
Registration fees associated with prospectus supplement	(145)	0
Net cash used in financing activities	(167,452)	(131,781)
Effect of exchange rate changes on cash and cash equivalents	(11,460)	(10,754)
Decrease in cash and cash equivalents	(261,033)	(65,067)
Cash and cash equivalents, beginning of period	664,479	698,649
Cash and cash equivalents, end of period	$ 403,446	$ 633,582

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Nov. 01, 2015
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, distribution, and retail of healthy lifestyle inspired athletic apparel, which is sold through a chain of company-operated stores, direct to consumer through e-commerce, showrooms, a network of wholesale accounts, outlets and warehouse sales. The Company operates stores in the United States, Canada, Australia, New Zealand, the United Kingdom, Singapore, Hong Kong, Germany, and Puerto Rico. There were a total of 354 and 302 company-operated stores in operation as of November 1, 2015 and February 1, 2015 , respectively. Basis of presentation The unaudited interim consolidated financial statements as of November 1, 2015 and for the thirteen and thirty-nine weeks ended November 1, 2015 and November 2, 2014 are presented in United States dollars and have been prepared by the Company under the rules and regulations of the Securities and Exchange Commission ("SEC"). 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 1, 2015 is derived from the Company's audited consolidated financial statements and notes for the fiscal year ended February 1, 2015 , included in Item 8 in the Company's fiscal 2014 Annual Report on Form 10-K filed with the SEC on March 26, 2015 . 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 fiscal 2014 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 2015 will end on January 31, 2016 and will be a 52 week year. The Company's business is affected by the pattern of seasonality common to most retail apparel businesses. Historically, the Company has recognized a significant portion of its operating profit in the fourth fiscal quarter of each year as a result of increased sales during the holiday season. Certain comparative figures have been reclassified to conform to the financial presentation adopted for the current year.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Nov. 01, 2015
Accounting Policies [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), which supersedes the revenue recognition requirements in ASC Topic 605 Revenue Recognition, including most industry-specific revenue recognition guidance throughout the Industry Topics of the Codification. This guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services, and expands the related disclosure requirements. In July 2015, the FASB deferred the effective date for public companies to years, and interim periods within those years, beginning after December 15, 2017, with early application permitted only as of years, and interim periods within those years, beginning after December 15, 2016. This guidance will be effective for the Company beginning in its first quarter of fiscal 2018. The Company is currently evaluating the timing of adoption and impact that this new guidance may have on its consolidated financial statements. In June 2014, the FASB amended ASC Topic 718, Compensation - Stock Compensation ("ASC 718") for share-based payments in which the terms of the award provide that a performance target can be achieved after the requisite service period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. This guidance is effective for public companies for years, and interim periods within those years, beginning on or after December 15, 2015, and early application is permitted. This guidance will be effective for the Company beginning in its first quarter of fiscal 2016. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements. In April 2015, the FASB amended ASC Subtopic 350-40, Intangibles - Goodwill and Other - Internal-Use Software ("ASC 350-40") to provide guidance to customers about whether a cloud computing arrangement includes a software license. This guidance requires that if a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This guidance is effective for public companies for years, and interim periods within those years, beginning on or after December 15, 2015, and early application is permitted. This guidance will be effective for the Company beginning in its first quarter of fiscal 2016. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements. In July 2015, the FASB amended ASC Topic 330, Inventory ("ASC 330") to simplify the measurement of inventory. The amendments require that an entity measure inventory at the lower of cost and net realizable value instead of the lower of cost and market. This guidance is effective for public companies for years, and interim periods within those years, beginning on or after December 15, 2016, with earlier application permitted as of the beginning of an interim or annual reporting period. This guidance will be effective for the Company beginning in its first quarter of fiscal 2017. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Nov. 01, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION Stock-based compensation plans The Company's eligible 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 $6,639 and $5,382 for the thirty-nine weeks ended November 1, 2015 and November 2, 2014 , respectively. Total unrecognized compensation cost for all stock-based compensation plans was $33,247 at November 1, 2015 , which is expected to be recognized over a weighted-average period of 2.5 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 November 1, 2015 and changes during the thirty-nine 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 1, 2015 879 $ 39.25 452 $ 59.27 62 $ 42.86 186 $ 45.75 Granted 388 57.74 152 63.86 19 66.07 230 62.16 Exercised/vested 228 19.43 55 67.26 30 39.08 37 44.98 Forfeited 140 55.55 134 63.35 4 38.25 39 50.95 Balance at November 1, 2015 899 $ 49.74 415 $ 58.57 47 $ 54.97 340 $ 56.33 Exercisable at November 1, 2015 253 $ 37.85 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 common 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 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 2015 : Stock Options Granted During Fiscal 2015 Expected term 4.0 years Expected volatility 42.73 % Risk-free interest rate 0.98 % Dividend yield — % The Company's performance-based restricted stock units are awarded to eligible employees and entitle the grantee to receive a maximum of two 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-based restricted stock units is recognized when it is probable that the performance goal will be achieved. The fair value of the restricted shares and restricted stock units is based on the closing price of the Company's common stock on the award date. 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 made by eligible employees, subject to certain limits as defined in the ESPP, and the Company matches one-third of the contribution. The maximum number of shares available under the ESPP is 6,000 shares. During the thirteen weeks ended November 1, 2015 , there were 29 shares purchased under the ESPP in the open market.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 01, 2015
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 Thirteen Weeks Ended Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended Net income $ 53,153 $ 60,451 $ 148,631 $ 128,180 Basic weighted-average number of shares outstanding 140,282 143,180 141,198 144,581 Assumed conversion of dilutive stock options and awards 175 261 272 368 Diluted weighted-average number of shares outstanding 140,457 143,441 141,470 144,949 Basic earnings per share $ 0.38 $ 0.42 $ 1.05 $ 0.89 Diluted earnings per share $ 0.38 $ 0.42 $ 1.05 $ 0.88 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 thirty-nine weeks ended November 1, 2015 and November 2, 2014 , 77 and 369 stock options and awards, respectively, were anti-dilutive to earnings per share and therefore have been excluded from the computation of diluted earnings per share. 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 common stock is to be repurchased in the open market at prevailing market prices, with the timing and actual number of shares to be repurchased depending upon market conditions and other factors. The repurchases may be made up until June 2016. During the thirty-nine weeks ended November 1, 2015 and November 2, 2014 , 2,855 and 3,261 shares, respectively, were repurchased under the program at a total cost of $169,974 and $130,266 , respectively. Subsequent to November 1, 2015 , and up to December 3, 2015 , 832 shares were repurchased at a total cost of $40,817 .

Supplementary Financial Informa

Supplementary Financial Information	9 Months Ended
	Nov. 01, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplementary Financial Information	SUPPLEMENTARY FINANCIAL INFORMATION A summary of certain balance sheet accounts is as follows: November 1, February 1, Inventories: Finished goods $ 364,079 $ 214,113 Provision to reduce inventory to market value (6,326 ) (5,997 ) $ 357,753 $ 208,116 Property and equipment: Land $ 59,086 $ 60,548 Buildings 32,226 29,099 Leasehold improvements 219,620 176,677 Furniture and fixtures 67,769 55,320 Computer hardware 43,774 35,457 Computer software 109,634 84,854 Equipment and vehicles 12,058 11,908 Accumulated depreciation (197,462 ) (157,855 ) $ 346,705 $ 296,008 Goodwill and intangible assets: Goodwill $ 25,496 $ 25,496 Changes in foreign currency exchange rates (1,252 ) (1,083 ) 24,244 24,413 Intangibles—reacquired franchise rights 10,150 10,150 Accumulated amortization (8,879 ) (8,264 ) Changes in foreign currency exchange rates (108 ) (136 ) 1,163 1,750 $ 25,407 $ 26,163 Other accrued liabilities: Sales tax collected $ 9,833 $ 8,579 Accrued rent 5,425 5,567 Other 20,949 17,843 $ 36,207 $ 31,989 Other non-current liabilities: Deferred lease liability $ 25,149 $ 20,837 Tenant inducements 24,599 22,294 $ 49,748 $ 43,131

Legal Proceedings

Legal Proceedings	9 Months Ended
	Nov. 01, 2015
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	LEGAL PROCEEDINGS In addition to the legal matters described below, the Company is, from time to time, involved in routine legal matters incidental to the conduct of its business, including legal matters such as initiation and defense of proceedings to protect intellectual property rights, personal injury claims, product liability claims, and similar matters. 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. On July 15, 2015, plaintiffs Hallandale Beach Police Officers and Firefighters' Personnel Retirement Fund and Laborers' District Council Industry Pension Fund filed in the Delaware Court of Chancery a derivative lawsuit on behalf of lululemon against certain current and former directors of lululemon, captioned Laborers' District Council Industry Pension Fund v. Bensoussan, et al., C.A. No. 11293-CB. This proceeding is discussed in the Company's Quarterly Report on Form 10-Q filed with the SEC on September 10, 2015. On August 18, 2015, the individual defendants (including Mr. Wilson) filed motions to dismiss the action pursuant to Court of Chancery Rules 23.1 and 12(b)(6) for failure to adequately plead that demand on the board was excused and for failure to state a claim upon which relief may be granted. Also on August 18, 2015, the Company filed a motion to dismiss the action pursuant to Court of Chancery Rule 23.1 for failure to adequately plead that demand on the board was excused. On October 9, 2015, current and former hourly employees of the Company filed a class action lawsuit in the Supreme Court of New York entitled Rebecca Gathmann-Landini et al v. lululemon USA inc. The lawsuit alleges that the Company violated various New York labor codes by failing to pay all earned wages, including overtime compensation. The plaintiffs are seeking an unspecified amount of damages. The Company intends to vigorously defend this matter.

Income Taxes

Income Taxes	9 Months Ended
	Nov. 01, 2015
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES During the third quarter of fiscal 2015 , the Company recorded certain tax and related interest adjustments which resulted in a net income tax recovery of $7,713 and a related net interest expense of $3,606 . The components of the tax adjustments are as follows: Thirteen Weeks Ended Income tax expense, before tax adjustments $ 19,848 Advance Pricing Arrangement adjustments, net (5,095 ) Tax on foreign earnings expected to be repatriated 7,838 Tax adjustment on foreign tax credit calculations for fiscal 2014 (10,456 ) Total tax adjustments (7,713 ) Income tax expense $ 12,135 A summary reconciliation of the effective tax rate is as follows: Thirteen Weeks Ended Thirteen Weeks Ended Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended Federal income tax at statutory rate 35.0 % 35.0 % 35.0 % 35.0 % Foreign tax rate differentials, U.S. state taxes, and other (6.2 ) (7.9 ) (5.5 ) (6.1 ) Effective tax rate, excluding tax and related interest adjustments 28.8 27.1 29.5 28.9 Advance Pricing Arrangement adjustments, net (6.4 ) — (2.0 ) — Tax on foreign earnings expected to be repatriated 11.4 — 3.8 — Tax adjustment on foreign tax credit calculations for fiscal 2014 (15.2 ) — (5.1 ) 13.9 Tax and related interest adjustments (10.2 ) — (3.3 ) 13.9 Effective tax rate 18.6 % 27.1 % 26.2 % 42.8 % The tax and related interest adjustments impacted diluted earnings per share as follows: Thirteen Weeks Ended Thirteen Weeks Ended Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended Diluted earnings per share $ 0.38 $ 0.42 $ 1.05 $ 0.88 Tax and related interest adjustments (0.03 ) — (0.03 ) 0.22 Diluted earnings per share, excluding tax and related interest adjustments $ 0.35 $ 0.42 $ 1.02 $ 1.10 Advance Pricing Arrangement adjustments, net The Company evaluates its tax filing positions and for uncertain tax positions recognizes the largest amount of tax benefit that is considered more likely than not to be sustained upon examination by the relevant taxing authorities based on the technical merits of the position. This determination requires the use of significant judgment. Income tax expense is adjusted in the period in which the uncertain tax position is effectively settled, the statute of limitations expires, facts or circumstances change, tax laws change, or new information becomes available. The Company's uncertain tax positions include the Company's inter-company transfer pricing policies and the allocation of income between tax jurisdictions. During the third quarter of fiscal 2015 , the Company received new communications with respect to the bilateral Advance Pricing Arrangement ("APA") which the Company is in the process of finalizing with the Internal Revenue Service ("IRS") and the Canada Revenue Agency ("CRA"). This resulted in a reassessment of the expected probable outcome of the APA and the related estimates of the amount of tax payable in each jurisdiction, for fiscal 2011 through fiscal 2015. The Company has determined that it is considered more likely than not that the outcome of the APA will result in a decrease in taxable income in the United States and an increase in taxable income in Canada. This change in the expected outcome of the APA also has an impact on the foreign tax credits relating to the dividends paid in fiscal 2014. These changes resulted in a net income tax recovery of $5,095 during the third quarter of fiscal 2015 . The Company has also recognized a related net interest expense of $3,606 in other income (expense), net. The Company anticipates that the APA will be finalized within the next twelve months. The Company’s tax position will be updated as new information becomes available. Should the terms of the final APA differ to the Company’s assessment of the most likely outcome, it is possible that the Company may record income tax adjustments of up to approximately $10,000 . Tax on foreign earnings expected to be repatriated The undistributed earnings of the foreign subsidiaries as of November 1, 2015 was approximately $606,548 . As a result of the change in the expected outcome of the APA described above, it is now expected that a significant intercompany debt between one of the Company's U.S. subsidiaries and a Canadian subsidiary will arise upon the finalization of the APA, and that the ongoing net cash flow of the Company's U.S. operations will be lower than previously expected. As a result, the Company intends to distribute up to $156,000 to the U.S. parent entity to finance the payment of this intercompany debt. As these foreign earnings are no longer considered indefinitely reinvested, the Company has recorded an incremental tax expense and deferred tax liability as of November 1, 2015 of $7,838 to provide for U.S. income and applicable foreign withholding taxes on this expected distribution. The remaining undistributed earnings of the foreign subsidiaries are indefinitely reinvested, and as a result, no provision has been made for the U.S. income or foreign withholding taxes which would be payable upon distribution of these earnings. In reaching the conclusion that the undistributed earnings of foreign subsidiaries are indefinitely reinvested, the Company considers its international expansion plans, projected working capital needs, projected head office capital investments, forecasted cash flow requirements within the United States, and other factors the Company believes are relevant. Tax adjustment on foreign tax credit calculations for fiscal 2014 In fiscal 2014 , the Company recorded a tax expense of $33,746 representing the estimated U.S. income tax and foreign withholding tax payable on the repatriation of earnings in the form of dividends of $473,700 , which were distributed during fiscal 2014 by foreign subsidiaries to the U.S. parent entity to fund the share repurchase program. During the third quarter of fiscal 2015 , the Company finalized the amount of U.S. income tax payable on these distributions and recognized an adjustment on the foreign tax credits that had been initially calculated for the prior year distributions, which resulted in the recognition of an income tax recovery of $10,456 during the third quarter of fiscal 2015 .

Segment Reporting

Segment Reporting	9 Months Ended
	Nov. 01, 2015
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 company-operated stores and direct to consumer. Direct to consumer represents sales from the Company's e-commerce websites. Outlet sales, showroom sales, sales to wholesale accounts, warehouse sales, and sales from temporary locations have been combined into other. Information for these segments is detailed in the table below: Thirteen Weeks Ended Thirteen Weeks Ended Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended Net revenue: Company-operated stores $ 353,399 $ 310,014 $ 1,007,272 $ 892,156 Direct to consumer 89,330 77,203 255,205 206,658 Other 36,964 32,179 93,770 95,908 $ 479,693 $ 419,396 $ 1,356,247 $ 1,194,722 Income from operations before general corporate expense: Company-operated stores $ 70,729 $ 73,990 $ 207,393 $ 224,966 Direct to consumer 37,985 32,292 105,106 83,596 Other 1,569 3,279 4,370 9,507 110,283 109,561 316,869 318,069 General corporate expense 42,105 28,405 114,076 99,224 Income from operations 68,178 81,156 202,793 218,845 Other (expense) income, net (2,890 ) 1,814 (1,519 ) 5,347 Income before income tax expense $ 65,288 $ 82,970 $ 201,274 $ 224,192 Capital expenditures: Company-operated stores $ 30,909 $ 24,207 $ 72,541 $ 55,879 Direct to consumer 3,744 4,076 5,676 8,939 Corporate 8,290 8,988 29,844 24,555 $ 42,943 $ 37,271 $ 108,061 $ 89,373 Depreciation and amortization: Company-operated stores $ 13,126 $ 9,912 $ 36,139 $ 27,335 Direct to consumer 1,759 1,991 4,894 4,252 Corporate 4,822 3,710 11,465 10,122 $ 19,707 $ 15,613 $ 52,498 $ 41,709

Nature of Operations and Basi15

Nature of Operations and Basis of Presentation (Policies)	9 Months Ended
	Nov. 01, 2015
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The unaudited interim consolidated financial statements as of November 1, 2015 and for the thirteen and thirty-nine weeks ended November 1, 2015 and November 2, 2014 are presented in United States dollars and have been prepared by the Company under the rules and regulations of the Securities and Exchange Commission ("SEC"). 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 1, 2015 is derived from the Company's audited consolidated financial statements and notes for the fiscal year ended February 1, 2015 , included in Item 8 in the Company's fiscal 2014 Annual Report on Form 10-K filed with the SEC on March 26, 2015 . 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 fiscal 2014 Annual Report on Form 10-K.
New accounting pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), which supersedes the revenue recognition requirements in ASC Topic 605 Revenue Recognition, including most industry-specific revenue recognition guidance throughout the Industry Topics of the Codification. This guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services, and expands the related disclosure requirements. In July 2015, the FASB deferred the effective date for public companies to years, and interim periods within those years, beginning after December 15, 2017, with early application permitted only as of years, and interim periods within those years, beginning after December 15, 2016. This guidance will be effective for the Company beginning in its first quarter of fiscal 2018. The Company is currently evaluating the timing of adoption and impact that this new guidance may have on its consolidated financial statements. In June 2014, the FASB amended ASC Topic 718, Compensation - Stock Compensation ("ASC 718") for share-based payments in which the terms of the award provide that a performance target can be achieved after the requisite service period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. This guidance is effective for public companies for years, and interim periods within those years, beginning on or after December 15, 2015, and early application is permitted. This guidance will be effective for the Company beginning in its first quarter of fiscal 2016. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements. In April 2015, the FASB amended ASC Subtopic 350-40, Intangibles - Goodwill and Other - Internal-Use Software ("ASC 350-40") to provide guidance to customers about whether a cloud computing arrangement includes a software license. This guidance requires that if a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This guidance is effective for public companies for years, and interim periods within those years, beginning on or after December 15, 2015, and early application is permitted. This guidance will be effective for the Company beginning in its first quarter of fiscal 2016. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements. In July 2015, the FASB amended ASC Topic 330, Inventory ("ASC 330") to simplify the measurement of inventory. The amendments require that an entity measure inventory at the lower of cost and net realizable value instead of the lower of cost and market. This guidance is effective for public companies for years, and interim periods within those years, beginning on or after December 15, 2016, with earlier application permitted as of the beginning of an interim or annual reporting period. This guidance will be effective for the Company beginning in its first quarter of fiscal 2017. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Nov. 01, 2015
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 November 1, 2015 and changes during the thirty-nine 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 1, 2015 879 $ 39.25 452 $ 59.27 62 $ 42.86 186 $ 45.75 Granted 388 57.74 152 63.86 19 66.07 230 62.16 Exercised/vested 228 19.43 55 67.26 30 39.08 37 44.98 Forfeited 140 55.55 134 63.35 4 38.25 39 50.95 Balance at November 1, 2015 899 $ 49.74 415 $ 58.57 47 $ 54.97 340 $ 56.33 Exercisable at November 1, 2015 253 $ 37.85
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 2015 : Stock Options Granted During Fiscal 2015 Expected term 4.0 years Expected volatility 42.73 % Risk-free interest rate 0.98 % Dividend yield — %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 01, 2015
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 Thirteen Weeks Ended Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended Net income $ 53,153 $ 60,451 $ 148,631 $ 128,180 Basic weighted-average number of shares outstanding 140,282 143,180 141,198 144,581 Assumed conversion of dilutive stock options and awards 175 261 272 368 Diluted weighted-average number of shares outstanding 140,457 143,441 141,470 144,949 Basic earnings per share $ 0.38 $ 0.42 $ 1.05 $ 0.89 Diluted earnings per share $ 0.38 $ 0.42 $ 1.05 $ 0.88

Supplementary Financial Infor18

Supplementary Financial Information (Tables)	9 Months Ended
	Nov. 01, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Certain Balance Sheet Accounts	A summary of certain balance sheet accounts is as follows: November 1, February 1, Inventories: Finished goods $ 364,079 $ 214,113 Provision to reduce inventory to market value (6,326 ) (5,997 ) $ 357,753 $ 208,116 Property and equipment: Land $ 59,086 $ 60,548 Buildings 32,226 29,099 Leasehold improvements 219,620 176,677 Furniture and fixtures 67,769 55,320 Computer hardware 43,774 35,457 Computer software 109,634 84,854 Equipment and vehicles 12,058 11,908 Accumulated depreciation (197,462 ) (157,855 ) $ 346,705 $ 296,008 Goodwill and intangible assets: Goodwill $ 25,496 $ 25,496 Changes in foreign currency exchange rates (1,252 ) (1,083 ) 24,244 24,413 Intangibles—reacquired franchise rights 10,150 10,150 Accumulated amortization (8,879 ) (8,264 ) Changes in foreign currency exchange rates (108 ) (136 ) 1,163 1,750 $ 25,407 $ 26,163 Other accrued liabilities: Sales tax collected $ 9,833 $ 8,579 Accrued rent 5,425 5,567 Other 20,949 17,843 $ 36,207 $ 31,989 Other non-current liabilities: Deferred lease liability $ 25,149 $ 20,837 Tenant inducements 24,599 22,294 $ 49,748 $ 43,131

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Nov. 01, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of the tax adjustments are as follows: Thirteen Weeks Ended Income tax expense, before tax adjustments $ 19,848 Advance Pricing Arrangement adjustments, net (5,095 ) Tax on foreign earnings expected to be repatriated 7,838 Tax adjustment on foreign tax credit calculations for fiscal 2014 (10,456 ) Total tax adjustments (7,713 ) Income tax expense $ 12,135
Schedule of Effective Income Tax Rate Reconciliation	The components of the tax adjustments are as follows: Thirteen Weeks Ended Income tax expense, before tax adjustments $ 19,848 Advance Pricing Arrangement adjustments, net (5,095 ) Tax on foreign earnings expected to be repatriated 7,838 Tax adjustment on foreign tax credit calculations for fiscal 2014 (10,456 ) Total tax adjustments (7,713 ) Income tax expense $ 12,135 A summary reconciliation of the effective tax rate is as follows: Thirteen Weeks Ended Thirteen Weeks Ended Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended Federal income tax at statutory rate 35.0 % 35.0 % 35.0 % 35.0 % Foreign tax rate differentials, U.S. state taxes, and other (6.2 ) (7.9 ) (5.5 ) (6.1 ) Effective tax rate, excluding tax and related interest adjustments 28.8 27.1 29.5 28.9 Advance Pricing Arrangement adjustments, net (6.4 ) — (2.0 ) — Tax on foreign earnings expected to be repatriated 11.4 — 3.8 — Tax adjustment on foreign tax credit calculations for fiscal 2014 (15.2 ) — (5.1 ) 13.9 Tax and related interest adjustments (10.2 ) — (3.3 ) 13.9 Effective tax rate 18.6 % 27.1 % 26.2 % 42.8 %
Schedule Of Impact Of Tax And Related Interest Adjustments On Diluted Earnings Per Share	The tax and related interest adjustments impacted diluted earnings per share as follows: Thirteen Weeks Ended Thirteen Weeks Ended Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended Diluted earnings per share $ 0.38 $ 0.42 $ 1.05 $ 0.88 Tax and related interest adjustments (0.03 ) — (0.03 ) 0.22 Diluted earnings per share, excluding tax and related interest adjustments $ 0.35 $ 0.42 $ 1.02 $ 1.10

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Nov. 01, 2015
Segment Reporting [Abstract]
Segment Reporting	Information for these segments is detailed in the table below: Thirteen Weeks Ended Thirteen Weeks Ended Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended Net revenue: Company-operated stores $ 353,399 $ 310,014 $ 1,007,272 $ 892,156 Direct to consumer 89,330 77,203 255,205 206,658 Other 36,964 32,179 93,770 95,908 $ 479,693 $ 419,396 $ 1,356,247 $ 1,194,722 Income from operations before general corporate expense: Company-operated stores $ 70,729 $ 73,990 $ 207,393 $ 224,966 Direct to consumer 37,985 32,292 105,106 83,596 Other 1,569 3,279 4,370 9,507 110,283 109,561 316,869 318,069 General corporate expense 42,105 28,405 114,076 99,224 Income from operations 68,178 81,156 202,793 218,845 Other (expense) income, net (2,890 ) 1,814 (1,519 ) 5,347 Income before income tax expense $ 65,288 $ 82,970 $ 201,274 $ 224,192 Capital expenditures: Company-operated stores $ 30,909 $ 24,207 $ 72,541 $ 55,879 Direct to consumer 3,744 4,076 5,676 8,939 Corporate 8,290 8,988 29,844 24,555 $ 42,943 $ 37,271 $ 108,061 $ 89,373 Depreciation and amortization: Company-operated stores $ 13,126 $ 9,912 $ 36,139 $ 27,335 Direct to consumer 1,759 1,991 4,894 4,252 Corporate 4,822 3,710 11,465 10,122 $ 19,707 $ 15,613 $ 52,498 $ 41,709

Nature of Operations and Basi21

Nature of Operations and Basis of Presentation - Additional Information (Detail) - store	Nov. 01, 2015	Feb. 01, 2015
Accounting Policies [Abstract]
Number of stores	354	302

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 01, 2015USD ($)shares	Nov. 01, 2015USD ($)shares	Nov. 02, 2014USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense | $		$ 6,639	$ 5,382
Total unrecognized compensation cost | $	$ 33,247	$ 33,247
Expected weighted-average period of compensation cost		2 years 6 months
Common stock per performance share unit	2	2
ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company match contribution	33.33%
Maximum shares available under ESPP | shares	6,000,000	6,000,000
Shares purchased under ESPP | shares	29,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Company's Stock Option, Performance Share Unit and Restricted Share Activity (Detail) shares in Thousands	9 Months Ended
	Nov. 01, 2015$ / sharesshares
Stock Options [Member]
Number
Number of Stock Options, Beginning Balance | shares	879
Number of Stock Options, Granted | shares	388
Number of Stock Options, Exercised/vested | shares	228
Number of Stock Options, Forfeited | shares	140
Number of Stock Options, Ending Balance | shares	899
Number of Stock Options, Exercisable | shares	253
Weighted-Average Exercise Price
Weighted-Average Exercise Price, Options, Beginning Balance (in dollars per share) | $ / shares	$ 39.25
Weighted-Average Exercise Price, Options, Granted (in dollars per share) | $ / shares	57.74
Weighted-Average Exercise Price, Options, Exercised/vested (in dollars per share) | $ / shares	19.43
Weighted-Average Exercise Price, Options, Forfeited (in dollars per share) | $ / shares	55.55
Weighted-Average Exercise Price, Options, Ending Balance (in dollars per share) | $ / shares	49.74
Weighted-Average Exercise Price, Options, Exercisable (in dollars per share) | $ / shares	$ 37.85
Performance-Based Restricted Stock Units [Member]
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance | shares	452
Number of Units/Shares, Granted | shares	152
Number of Units/Shares, Exercised/vested | shares	55
Number of Units/Shares, Forfeited | shares	134
Number of Units/Shares, Ending Balance | shares	415
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 59.27
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	63.86
Weighted-Average Grant Date Fair Value, Exercised/vested (in dollars per share) | $ / shares	67.26
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	63.35
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 58.57
Restricted Shares [Member]
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance | shares	62
Number of Units/Shares, Granted | shares	19
Number of Units/Shares, Exercised/vested | shares	30
Number of Units/Shares, Forfeited | shares	4
Number of Units/Shares, Ending Balance | shares	47
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 42.86
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	66.07
Weighted-Average Grant Date Fair Value, Exercised/vested (in dollars per share) | $ / shares	39.08
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	38.25
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 54.97
Restricted Stock Units [Member]
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance | shares	186
Number of Units/Shares, Granted | shares	230
Number of Units/Shares, Exercised/vested | shares	37
Number of Units/Shares, Forfeited | shares	39
Number of Units/Shares, Ending Balance | shares	340
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 45.75
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	62.16
Weighted-Average Grant Date Fair Value, Exercised/vested (in dollars per share) | $ / shares	44.98
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	50.95
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 56.33

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value Assumptions (Details)	9 Months Ended
	Nov. 01, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected term	4 years
Expected volatility	42.73%
Risk-free interest rate	0.98%
Dividend yield	0.00%

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earning Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2015	Nov. 02, 2014	Nov. 01, 2015	Nov. 02, 2014
Earnings Per Share [Abstract]
Net income	$ 53,153	$ 60,451	$ 148,631	$ 128,180
Basic weighted-average number of shares outstanding (in shares)	140,282	143,180	141,198	144,581
Assumed conversion of dilutive stock options and awards (in shares)	175	261	272	368
Diluted weighted-average number of shares outstanding (in shares)	140,457	143,441	141,470	144,949
Basic earnings per share (in dollars per share)	$ 0.38	$ 0.42	$ 1.05	$ 0.89
Diluted earnings per share (in dollars per share)	0.38	0.42	1.05	0.88
Earnings Per Share, Diluted, Excluding Tax And Related Interest Adjustments	$ 0.35	$ 0.42	$ 1.02	$ 1.10

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - USD ($) shares in Thousands	1 Months Ended	9 Months Ended
	Dec. 03, 2015	Nov. 01, 2015	Nov. 02, 2014	Jun. 11, 2014
Earnings Per Share [Abstract]
Anti-dilutive stock options (in shares)		77	369
Aggregate amount authorized for stock repurchase				$ 450,000,000
Equity, Class of Treasury Stock [Line Items]
Repurchase of common stock (in shares)		2,855	3,261
Repurchase of common stock		$ 169,974,000	$ 130,266,000
Subsequent Event [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase of common stock (in shares)	832
Repurchase of common stock	$ 40,817,000

Supplementary Financial Infor27

Supplementary Financial Information - Summary of Certain Balance Sheet Accounts (Detail) - USD ($) $ in Thousands	Nov. 01, 2015	Feb. 01, 2015
Inventories:
Finished goods	$ 364,079	$ 214,113
Provision to reduce inventory to market value	(6,326)	(5,997)
Total inventories	357,753	208,116
Property and equipment:
Land	59,086	60,548
Buildings	32,226	29,099
Leasehold improvements	219,620	176,677
Furniture and fixtures	67,769	55,320
Computer hardware	43,774	35,457
Computer software	109,634	84,854
Equipment and vehicles	12,058	11,908
Accumulated depreciation	(197,462)	(157,855)
Total property and equipment	346,705	296,008
Goodwill and intangible assets:
Goodwill	25,496	25,496
Changes in foreign currency exchange rates	(1,252)	(1,083)
Goodwill, net	24,244	24,413
Intangibles—reacquired franchise rights	10,150	10,150
Accumulated amortization	(8,879)	(8,264)
Changes in foreign currency exchange rates	(108)	(136)
Total intangible assets	1,163	1,750
Goodwill and intangible assets, net	25,407	26,163
Other accrued liabilities:
Sales tax collected	9,833	8,579
Accrued rent	5,425	5,567
Other	20,949	17,843
Total accrued liabilities	36,207	31,989
Other non-current liabilities:
Deferred lease liability	25,149	20,837
Tenant inducements	24,599	22,294
Other non-current liabilities	$ 49,748	$ 43,131

Income Taxes Income Taxes - Add

Income Taxes Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Nov. 01, 2015	Nov. 01, 2015	Feb. 01, 2015
Income Tax Disclosure [Abstract]
Net income tax recovery	$ 7,713,000
Net interest expense	3,606,000
Net income tax recovery related to APA	5,095,000
Potential income tax adjustment if terms of the final APA differ from the Company's assessment		$ 10,000,000
Undistributed earnings of the foreign subsidiaries	606,548,000	606,548,000
Maximum amount Company intends to distribute to the U.S. parent entity	156,000,000	$ 156,000,000
Incremental tax expense and deferred tax liability	7,838,000
Tax expense for repatriated earnings			$ 33,746,000
Repatriated earnings			$ 473,700,000
Recognition of income tax recovery	$ 10,456,000

Income Taxes Income Taxes - Com

Income Taxes Income Taxes - Components of Tax Adjustments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2015	Nov. 02, 2014	Nov. 01, 2015	Nov. 02, 2014
Income Tax Disclosure [Abstract]
Income tax expense, before tax adjustments	$ 19,848
Advance Pricing Arrangement adjustments, net	(5,095)
Tax on foreign earnings expected to be repatriated	7,838
Tax adjustment on foreign tax credit calculations for fiscal 2014	(10,456)
Total tax adjustments	(7,713)
Income tax expense	$ 12,135	$ 22,519	$ 52,643	$ 96,012

Income Taxes - Effective Tax Ra

Income Taxes - Effective Tax Rate Reconciliation (Details)	3 Months Ended		9 Months Ended
	Nov. 01, 2015	Nov. 02, 2014	Nov. 01, 2015	Nov. 02, 2014
Income Tax Disclosure [Abstract]
Federal income tax at statutory rate	35.00%	35.00%	35.00%	35.00%
Foreign tax rate differentials, U.S. state taxes, and other	(6.20%)	(7.90%)	(5.50%)	(6.10%)
Effective tax rate, excluding tax and related interest adjustments	28.80%	27.10%	29.50%	28.90%
Advance Pricing Arrangement adjustments, net	(6.40%)	0.00%	(2.00%)	0.00%
Tax on foreign earnings expected to be repatriated	11.40%	0.00%	3.80%	0.00%
Tax adjustment on foreign tax credit calculations for fiscal 2014	(15.20%)	0.00%	(5.10%)	13.90%
Tax and related interest adjustments	(10.20%)	0.00%	(3.30%)	13.90%
Effective tax rate	18.60%	27.10%	26.20%	42.80%

Income Taxes Income Taxes - Imp

Income Taxes Income Taxes - Impact of Tax and Related Interest Adjustments on Diluted EPS (Details) - $ / shares	3 Months Ended		9 Months Ended
	Nov. 01, 2015	Nov. 02, 2014	Nov. 01, 2015	Nov. 02, 2014
Income Tax Disclosure [Abstract]
Diluted earnings per share (in dollars per share)	$ 0.38	$ 0.42	$ 1.05	$ 0.88
Tax and related interest adjustments (in dollars per share)	(0.03)	0	(0.03)	0.22
Diluted earnings per share, excluding tax and related interest adjustments (in dollars per share)	$ 0.35	$ 0.42	$ 1.02	$ 1.10

Segment Reporting - Detailed Se

Segment Reporting - Detailed Segments Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2015	Nov. 02, 2014	Nov. 01, 2015	Nov. 02, 2014
Net revenue:
Net revenue	$ 479,693	$ 419,396	$ 1,356,247	$ 1,194,722
Income from operations before general corporate expense:
Income from operations before general corporate expense	110,283	109,561	316,869	318,069
General corporate expense	42,105	28,405	114,076	99,224
Income from operations	68,178	81,156	202,793	218,845
Other income (expense), net	(2,890)	1,814	(1,519)	5,347
Income before income tax expense	65,288	82,970	201,274	224,192
Capital expenditures:
Capital expenditures	42,943	37,271	108,061	89,373
Depreciation and amortization:
Depreciation and amortization	19,707	15,613	52,498	41,709
Operating Segments [Member] | Company-Operated Stores [Member]
Net revenue:
Net revenue	353,399	310,014	1,007,272	892,156
Income from operations before general corporate expense:
Income from operations before general corporate expense	70,729	73,990	207,393	224,966
Capital expenditures:
Capital expenditures	30,909	24,207	72,541	55,879
Depreciation and amortization:
Depreciation and amortization	13,126	9,912	36,139	27,335
Operating Segments [Member] | Direct To Consumer [Member]
Net revenue:
Net revenue	89,330	77,203	255,205	206,658
Income from operations before general corporate expense:
Income from operations before general corporate expense	37,985	32,292	105,106	83,596
Capital expenditures:
Capital expenditures	3,744	4,076	5,676	8,939
Depreciation and amortization:
Depreciation and amortization	1,759	1,991	4,894	4,252
Operating Segments [Member] | Other [Member]
Net revenue:
Net revenue	36,964	32,179	93,770	95,908
Income from operations before general corporate expense:
Income from operations before general corporate expense	1,569	3,279	4,370	9,507
Operating Segments [Member] | Corporate [Member]
Capital expenditures:
Capital expenditures	8,290	8,988	29,844	24,555
Depreciation and amortization:
Depreciation and amortization	$ 4,822	$ 3,710	$ 11,465	$ 10,122