Lululemon Athletica (LULU) 10-Q 7 Dec 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 30, 2016	Dec. 02, 2016
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 30, 2016
Document Fiscal Year Focus	2,016
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	--01-29
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		127,295,920

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 30, 2016	Jan. 31, 2016
Current assets
Cash and cash equivalents	$ 480,386	$ 501,482
Accounts receivable	11,910	13,108
Inventories	364,514	284,009
Prepaid and receivable income taxes	123,362	91,453
Other prepaid expenses and other current assets	42,738	26,987
Total current assets	1,022,910	917,039
Property and equipment, net	399,658	349,605
Goodwill and intangible assets, net	24,567	24,777
Deferred income tax assets	12,446	11,802
Other non-current assets	19,359	10,854
Total assets	1,478,940	1,314,077
Current liabilities
Accounts payable	9,132	10,381
Accrued inventory liabilities	32,146	25,451
Accrued compensation and related expenses	53,641	43,524
Income taxes payable	21,953	37,736
Unredeemed gift card liability	44,173	57,736
Other accrued liabilities	51,663	50,676
Total current liabilities	212,708	225,504
Deferred income tax liabilities	11,064	10,759
Other non-current liabilities	50,699	50,332
Total liabilities	274,471	286,595
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; 9,784 and 9,804 issued and outstanding	0	0
Special voting stock, $0.000005 par value: 60,000 shares authorized; 9,784 and 9,804 issued and outstanding	0	0
Common stock, $0.005 par value: 400,000 shares authorized; 127,296 and 127,482 issued and outstanding	636	637
Additional paid-in capital	262,440	245,533
Retained earnings	1,158,834	1,019,515
Accumulated other comprehensive loss	(217,441)	(238,203)
Total stockholders' equity	1,204,469	1,027,482
Total liabilities and stockholders' equity	$ 1,478,940	$ 1,314,077

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 30, 2016	Jan. 31, 2016
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	9,784,000	9,804,000
Exchangeable stock, shares outstanding	9,784,000	9,804,000
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	9,784,000	9,804,000
Special voting stock, shares outstanding	9,784,000	9,804,000
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	127,296,000	127,482,000
Common stock, shares outstanding	127,296,000	127,482,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2016	Nov. 01, 2015	Oct. 30, 2016	Nov. 01, 2015
Income Statement [Abstract]
Net revenue	$ 544,416	$ 479,693	$ 1,554,452	$ 1,356,247
Cost of goods sold	265,990	254,896	782,734	713,548
Gross profit	278,426	224,797	771,718	642,699
Selling, general and administrative expenses	185,451	156,619	547,195	439,906
Income from operations	92,975	68,178	224,523	202,793
Other income (expense), net	628	(2,890)	720	(1,519)
Income before income tax expense	93,603	65,288	225,243	201,274
Income tax expense	25,318	12,135	57,997	52,643
Net income	68,285	53,153	167,246	148,631
Other comprehensive (loss) income:
Foreign currency translation adjustment	(24,748)	(665)	20,762	(17,427)
Comprehensive income	$ 43,537	$ 52,488	$ 188,008	$ 131,204
Basic earnings per share (in dollars per share)	$ 0.50	$ 0.38	$ 1.22	$ 1.05
Diluted earnings per share (in dollars per share)	$ 0.50	$ 0.38	$ 1.22	$ 1.05
Basic weighted-average number of shares outstanding	137,033	140,282	137,095	141,198
Diluted weighted-average number of shares outstanding	137,237	140,457	137,321	141,470

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 9 months ended Oct. 30, 2016 - 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 Jan. 31, 2016	$ 1,027,482		$ 0	$ 637	$ 245,533	$ 1,019,515	$ (238,203)
Beginning balance, shares at Jan. 31, 2016		9,804	9,804	127,482
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	167,246					167,246
Foreign currency translation adjustment	20,762						20,762
Common stock issued upon exchange of exchangeable shares	0		$ 0	$ 0	0
Common stock issued upon exchange of exchangeable shares, shares		(20)	(20)	20
Stock-based compensation expense	12,939				12,939
Tax benefits from stock-based compensation	1,328				1,328
Common stock issued upon settlement of stock-based compensation	5,959			$ 1	5,958
Common stock issued upon settlement of stock-based compensation, shares				278
Shares withheld related to net share settlement of stock-based compensation	(2,691)			$ 0	(2,691)
Shares withheld related to net share settlement of stock-based compensation, shares				(41)
Repurchase of common stock	$ (28,556)			$ (2)	(627)	(27,927)
Repurchase of common stock, shares	(400)			(443)
Ending balance at Oct. 30, 2016	$ 1,204,469		$ 0	$ 636	$ 262,440	$ 1,158,834	$ (217,441)
Ending balance, shares at Oct. 30, 2016		9,784	9,784	127,296

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 30, 2016	Nov. 01, 2015
Cash flows from operating activities
Net income	$ 167,246	$ 148,631
Items not affecting cash
Depreciation and amortization	63,641	52,498
Stock-based compensation expense	12,939	6,639
Tax benefits from stock-based compensation	(1,328)	(666)
Changes in operating assets and liabilities
Inventories	(73,660)	(151,317)
Prepaid and receivable income taxes	(30,580)	(83,564)
Other prepaid expenses and other current assets	(13,471)	(6,097)
Accounts payable	(1,558)	(3,448)
Accrued inventory liabilities	5,270	18,415
Accrued compensation and related expenses	8,835	14,448
Income taxes payable	(17,563)	27,166
Unredeemed gift card liability	(14,123)	(11,023)
Other accrued liabilities	376	4,416
Other non-current assets and liabilities	(8,693)	9,842
Net cash provided by operating activities	97,331	25,940
Cash flows from investing activities
Purchase of property and equipment	(106,168)	(108,061)
Net cash used in investing activities	(106,168)	(108,061)
Cash flows from financing activities
Proceeds from settlement of stock-based compensation	5,959	4,440
Tax benefits from stock-based compensation	1,328	666
Taxes paid related to net share settlement of stock-based compensation	(2,691)	(2,439)
Repurchase of common stock	(28,556)	(169,974)
Registration fees associated with prospectus supplement	0	(145)
Net cash used in financing activities	(23,960)	(167,452)
Effect of exchange rate changes on cash and cash equivalents	11,701	(11,460)
Decrease in cash and cash equivalents	(21,096)	(261,033)
Cash and cash equivalents, beginning of period	501,482	664,479
Cash and cash equivalents, end of period	$ 480,386	$ 403,446

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Oct. 30, 2016
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, outlets, showrooms, sales to wholesale accounts, warehouse sales, temporary locations, and through a license and supply arrangement. The Company operates stores in the United States, Canada, Australia, the United Kingdom, New Zealand, Singapore, Hong Kong, South Korea, Germany, Puerto Rico, and Switzerland. There were a total of 389 and 363 company-operated stores in operation as of October 30, 2016 and January 31, 2016 , respectively. Basis of presentation The unaudited interim consolidated financial statements as of October 30, 2016 and for the thirteen and thirty-nine weeks ended October 30, 2016 and November 1, 2015 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 January 31, 2016 is derived from the Company's audited consolidated financial statements and related notes for the fiscal year ended January 31, 2016 , which are included in Item 8 in the Company's fiscal 2015 Annual Report on Form 10-K filed with the SEC on March 30, 2016 . 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 Item 8 in the Company's fiscal 2015 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 2016 will end on January 29, 2017 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 net revenue 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
	Oct. 30, 2016
Accounting Policies [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board ("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 2015, the FASB deferred the effective date for this guidance, and in 2016, the FASB issued several updates that clarify the guidance in this topic. This guidance will be effective for the Company beginning in its first quarter of fiscal 2018, with early application permitted if adopted in its first quarter of fiscal 2017. The Company is currently evaluating the timing of adoption and the 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 became effective for the Company beginning in its first quarter of fiscal 2016 and it was adopted prospectively. The adoption did not have an impact on the Company's 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 became effective for the Company beginning in its first quarter of fiscal 2016 and it was adopted prospectively. The adoption did not have a material impact on the Company's 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 will be effective for the Company beginning in its first quarter of fiscal 2017, with early application permitted. The Company will adopt this amendment in fiscal 2017 and does not expect the adoption to have a material impact on its consolidated financial statements. In February 2016 the FASB issued ASC Topic 842, Leases ("ASC 842") to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. This guidance will be effective for the Company beginning in its first quarter of fiscal 2019, with early application permitted. The Company is currently evaluating the impact that this new guidance will have on its consolidated financial statements but it is expected that the adoption will result in a significant increase in assets and liabilities on the consolidated balance sheets. In March 2016, the FASB amended ASC 718, simplifying the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The new guidance also allows an entity to account for forfeitures when they occur. This guidance will be effective for the Company beginning in its first quarter of fiscal 2017, with early application permitted. The Company will adopt this amendment in fiscal 2017 and is currently evaluating the impact that this new guidance will have on its consolidated financial statements.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Oct. 30, 2016
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 $12.9 million and $6.6 million for the thirty-nine weeks ended October 30, 2016 and November 1, 2015 , respectively. Total unrecognized compensation cost for all stock-based compensation plans was $42.7 million at October 30, 2016 , which is expected to be recognized over a weighted-average period of 2.4 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 October 30, 2016 , 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 (In thousands, except per share amounts) Balance at January 31, 2016 867 $ 49.54 395 $ 58.58 31 $ 57.67 333 $ 55.91 Granted 420 68.66 160 68.66 17 69.94 209 68.14 Exercised/vested 170 35.02 7 64.36 20 66.16 84 57.27 Forfeited 142 58.01 143 62.46 — — 73 54.35 Balance at October 30, 2016 975 $ 59.08 405 $ 61.10 28 $ 59.07 385 $ 62.53 Exercisable at October 30, 2016 230 $ 50.59 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 to 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 2016 : Stock Options Granted During Fiscal 2016 Expected term 4 years Expected volatility 40.07 % Risk-free interest rate 1.08 % 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 share 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 defined in the ESPP, and the Company matches one-third of the contribution. The maximum number of shares available under the ESPP is 6.0 million shares. During the thirteen weeks ended October 30, 2016 , there were 28.8 thousand shares purchased in the open market under the ESPP.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 30, 2016
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 (In thousands, except per share amounts) Net income $ 68,285 $ 53,153 $ 167,246 $ 148,631 Basic weighted-average number of shares outstanding 137,033 140,282 137,095 141,198 Assumed conversion of dilutive stock options and awards 204 175 226 272 Diluted weighted-average number of shares outstanding 137,237 140,457 137,321 141,470 Basic earnings per share $ 0.50 $ 0.38 $ 1.22 $ 1.05 Diluted earnings per share $ 0.50 $ 0.38 $ 1.22 $ 1.05 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 each of the thirty-nine weeks ended October 30, 2016 and November 1, 2015 , 0.1 million stock options and awards 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 $450.0 million . The common stock was repurchased in the open market at prevailing market prices, with the timing and actual number of shares repurchased depending upon market conditions and other factors. During the thirty-nine weeks ended October 30, 2016 and November 1, 2015 , 0.4 million and 2.9 million shares, respectively, were repurchased under the program at a total cost of $28.6 million and $170.0 million , respectively. This stock repurchase program was completed during the second quarter of fiscal 2016.

Supplementary Financial Informa

Supplementary Financial Information	9 Months Ended
	Oct. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplementary Financial Information	SUPPLEMENTARY FINANCIAL INFORMATION For the thirteen weeks ended October 30, 2016 and November 1, 2015 , there were net foreign exchange gains of $4.3 million and net foreign exchange losses of $1.2 million , respectively, included within selling, general and administrative expenses. For the thirty-nine weeks ended October 30, 2016 and November 1, 2015 , there were net foreign exchange losses of $4.1 million and less than $0.1 million , respectively, included within selling, general and administrative expenses. A summary of certain consolidated balance sheet accounts is as follows: October 30, January 31, (In thousands) Inventories: Finished goods $ 373,385 $ 290,791 Provision to reduce inventory to market value (8,871 ) (6,782 ) $ 364,514 $ 284,009 Property and equipment, net: Land $ 77,107 $ 55,488 Buildings 31,773 30,885 Leasehold improvements 254,528 225,604 Furniture and fixtures 82,649 73,254 Computer hardware 52,538 44,085 Computer software 143,880 112,161 Equipment and vehicles 13,390 11,929 Accumulated depreciation (256,207 ) (203,801 ) $ 399,658 $ 349,605 Goodwill and intangible assets, net: Goodwill $ 25,496 $ 25,496 Changes in foreign currency exchange rates (1,384 ) (1,666 ) 24,112 23,830 Intangibles - reacquired franchise rights 10,150 10,150 Accumulated amortization (9,659 ) (9,074 ) Changes in foreign currency exchange rates (36 ) (129 ) 455 947 $ 24,567 $ 24,777 Other accrued liabilities: Accrued duty, freight, and other operating expenses $ 30,324 $ 26,017 Sales tax collected 10,005 10,506 Accrued rent 5,192 6,070 Other 6,142 8,083 $ 51,663 $ 50,676 Other non-current liabilities: Deferred lease liability $ 26,569 $ 25,723 Tenant inducements 24,130 24,609 $ 50,699 $ 50,332

Legal Proceedings

Legal Proceedings	9 Months Ended
	Oct. 30, 2016
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 consolidated balance sheets, 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. Plaintiffs claim that the individual defendants breached their fiduciary duties to lululemon by allegedly failing to investigate certain trades of lululemon stock owned by Dennis J. Wilson in 2013. Plaintiffs also claim that Mr. Wilson breached his fiduciary duties by making his broker aware of certain non-public, material events prior to executing sales of lululemon stock on Mr. Wilson's behalf. On June 14, 2016 the Court dismissed the action 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. The plaintiffs have appealed the dismissal to the Supreme Court of the state of Delaware. On October 9, 2015, certain 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. On December 2, 2015, the case was moved to the United States District Court for the Eastern District of New York. 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
	Oct. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES As disclosed in Note 15 to the audited consolidated financial statements included in Item 8 of the Company's fiscal 2015 Annual Report on Form 10-K filed with the SEC on March 30, 2016 , the Company was in the process of finalizing a bilateral Advance Pricing Arrangement ("APA") with the Internal Revenue Service ("IRS") and the Canada Revenue Agency ("CRA"). The APA was finalized with the IRS and the CRA during the third quarter of fiscal 2016. The final outcome of the APA resulted in an income tax recovery in the United States and an income tax payment in Canada for fiscal 2011 through fiscal 2015 and an intercompany debt between one of the Company's U.S. subsidiaries and a Canadian subsidiary. During the third quarter of fiscal 2016, $156.0 million was distributed from a Canadian subsidiary to the U.S. parent entity to finance the settlement of this intercompany debt. The Company updated its income tax calculations with respect to the APA and the repatriation of $156.0 million for the exchange rates in effect as of the date of the repatriation, changes in the foreign tax credit pools, and changes in the effective state tax rates. These income tax adjustments resulted in a net income tax recovery of $4.0 million in the third quarter of fiscal 2016 , and $11.6 million in the first three quarters of fiscal 2016 . The Company also recorded a related net interest expense of $0.2 million in the third quarter of fiscal 2016 in other income (expense), net, and $1.7 million in the first three quarters of fiscal 2016 . This primarily represents accrued interest on the Canadian income tax payable related to the APA. The results for the third quarter of fiscal 2015 included a net income tax recovery of $7.7 million as well as a net interest expense of $3.6 million that was recorded in other income (expense), net, related to the expected outcome of the APA and taxes associated with the anticipated repatriation of foreign earnings.

Segment Reporting

Segment Reporting	9 Months Ended
	Oct. 30, 2016
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. Outlets, showrooms, sales to wholesale accounts, warehouse sales, temporary locations, and a license and supply arrangement 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 (In thousands) Net revenue: Company-operated stores $ 393,506 $ 353,399 $ 1,133,599 $ 1,007,272 Direct to consumer 104,013 89,330 288,978 255,205 Other 46,897 36,964 131,875 93,770 $ 544,416 $ 479,693 $ 1,554,452 $ 1,356,247 Income from operations before general corporate expense: Company-operated stores $ 91,497 $ 70,729 $ 245,056 $ 207,393 Direct to consumer 43,588 37,985 114,744 105,106 Other 5,709 1,569 12,430 4,370 140,794 110,283 372,230 316,869 General corporate expense 47,819 42,105 147,707 114,076 Income from operations 92,975 68,178 224,523 202,793 Other income (expense), net 628 (2,890 ) 720 (1,519 ) Income before income tax expense $ 93,603 $ 65,288 $ 225,243 $ 201,274 Capital expenditures: Company-operated stores $ 18,932 $ 30,909 $ 47,197 $ 72,541 Direct to consumer 3,711 3,744 9,425 5,676 Corporate and other 12,263 8,290 49,546 29,844 $ 34,906 $ 42,943 $ 106,168 $ 108,061 Depreciation and amortization: Company-operated stores $ 15,735 $ 13,126 $ 44,030 $ 36,139 Direct to consumer 1,854 1,759 4,908 4,894 Corporate and other 6,370 4,822 14,703 11,465 $ 23,959 $ 19,707 $ 63,641 $ 52,498

Subsequent Event

Subsequent Event	9 Months Ended
	Oct. 30, 2016
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"). On December 1, 2016 the Company's board of directors approved a stock repurchase program for up to $100 million of its common shares in the open market at prevailing market prices. The timing and actual number of common shares to be repurchased will depend upon market conditions and other factors, in accordance with Securities and Exchange Commission requirements, and the repurchase program is expected to be completed in two years . Shares may be repurchased from time to time on the open market, through block trades or otherwise. Purchases may be started or stopped at any time without prior notice depending on market conditions and other factors.

Nature of Operations and Basi16

Nature of Operations and Basis of Presentation (Policies)	9 Months Ended
	Oct. 30, 2016
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The unaudited interim consolidated financial statements as of October 30, 2016 and for the thirteen and thirty-nine weeks ended October 30, 2016 and November 1, 2015 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 January 31, 2016 is derived from the Company's audited consolidated financial statements and related notes for the fiscal year ended January 31, 2016 , which are included in Item 8 in the Company's fiscal 2015 Annual Report on Form 10-K filed with the SEC on March 30, 2016 . 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 Item 8 in the Company's fiscal 2015 Annual Report on Form 10-K.
Fiscal period	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 2016 will end on January 29, 2017 and will be a 52-week year.
Reclassification	Certain comparative figures have been reclassified to conform to the financial presentation adopted for the current year.
Recent accounting pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board ("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 2015, the FASB deferred the effective date for this guidance, and in 2016, the FASB issued several updates that clarify the guidance in this topic. This guidance will be effective for the Company beginning in its first quarter of fiscal 2018, with early application permitted if adopted in its first quarter of fiscal 2017. The Company is currently evaluating the timing of adoption and the 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 became effective for the Company beginning in its first quarter of fiscal 2016 and it was adopted prospectively. The adoption did not have an impact on the Company's 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 became effective for the Company beginning in its first quarter of fiscal 2016 and it was adopted prospectively. The adoption did not have a material impact on the Company's 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 will be effective for the Company beginning in its first quarter of fiscal 2017, with early application permitted. The Company will adopt this amendment in fiscal 2017 and does not expect the adoption to have a material impact on its consolidated financial statements. In February 2016 the FASB issued ASC Topic 842, Leases ("ASC 842") to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. This guidance will be effective for the Company beginning in its first quarter of fiscal 2019, with early application permitted. The Company is currently evaluating the impact that this new guidance will have on its consolidated financial statements but it is expected that the adoption will result in a significant increase in assets and liabilities on the consolidated balance sheets. In March 2016, the FASB amended ASC 718, simplifying the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The new guidance also allows an entity to account for forfeitures when they occur. This guidance will be effective for the Company beginning in its first quarter of fiscal 2017, with early application permitted. The Company will adopt this amendment in fiscal 2017 and is currently evaluating the impact that this new guidance will have on its consolidated financial statements.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Oct. 30, 2016
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 October 30, 2016 , 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 (In thousands, except per share amounts) Balance at January 31, 2016 867 $ 49.54 395 $ 58.58 31 $ 57.67 333 $ 55.91 Granted 420 68.66 160 68.66 17 69.94 209 68.14 Exercised/vested 170 35.02 7 64.36 20 66.16 84 57.27 Forfeited 142 58.01 143 62.46 — — 73 54.35 Balance at October 30, 2016 975 $ 59.08 405 $ 61.10 28 $ 59.07 385 $ 62.53 Exercisable at October 30, 2016 230 $ 50.59
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 2016 : Stock Options Granted During Fiscal 2016 Expected term 4 years Expected volatility 40.07 % Risk-free interest rate 1.08 % Dividend yield — %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 30, 2016
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 (In thousands, except per share amounts) Net income $ 68,285 $ 53,153 $ 167,246 $ 148,631 Basic weighted-average number of shares outstanding 137,033 140,282 137,095 141,198 Assumed conversion of dilutive stock options and awards 204 175 226 272 Diluted weighted-average number of shares outstanding 137,237 140,457 137,321 141,470 Basic earnings per share $ 0.50 $ 0.38 $ 1.22 $ 1.05 Diluted earnings per share $ 0.50 $ 0.38 $ 1.22 $ 1.05

Supplementary Financial Infor19

Supplementary Financial Information (Tables)	9 Months Ended
	Oct. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Certain Balance Sheet Accounts	A summary of certain consolidated balance sheet accounts is as follows: October 30, January 31, (In thousands) Inventories: Finished goods $ 373,385 $ 290,791 Provision to reduce inventory to market value (8,871 ) (6,782 ) $ 364,514 $ 284,009 Property and equipment, net: Land $ 77,107 $ 55,488 Buildings 31,773 30,885 Leasehold improvements 254,528 225,604 Furniture and fixtures 82,649 73,254 Computer hardware 52,538 44,085 Computer software 143,880 112,161 Equipment and vehicles 13,390 11,929 Accumulated depreciation (256,207 ) (203,801 ) $ 399,658 $ 349,605 Goodwill and intangible assets, net: Goodwill $ 25,496 $ 25,496 Changes in foreign currency exchange rates (1,384 ) (1,666 ) 24,112 23,830 Intangibles - reacquired franchise rights 10,150 10,150 Accumulated amortization (9,659 ) (9,074 ) Changes in foreign currency exchange rates (36 ) (129 ) 455 947 $ 24,567 $ 24,777 Other accrued liabilities: Accrued duty, freight, and other operating expenses $ 30,324 $ 26,017 Sales tax collected 10,005 10,506 Accrued rent 5,192 6,070 Other 6,142 8,083 $ 51,663 $ 50,676 Other non-current liabilities: Deferred lease liability $ 26,569 $ 25,723 Tenant inducements 24,130 24,609 $ 50,699 $ 50,332

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Oct. 30, 2016
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 (In thousands) Net revenue: Company-operated stores $ 393,506 $ 353,399 $ 1,133,599 $ 1,007,272 Direct to consumer 104,013 89,330 288,978 255,205 Other 46,897 36,964 131,875 93,770 $ 544,416 $ 479,693 $ 1,554,452 $ 1,356,247 Income from operations before general corporate expense: Company-operated stores $ 91,497 $ 70,729 $ 245,056 $ 207,393 Direct to consumer 43,588 37,985 114,744 105,106 Other 5,709 1,569 12,430 4,370 140,794 110,283 372,230 316,869 General corporate expense 47,819 42,105 147,707 114,076 Income from operations 92,975 68,178 224,523 202,793 Other income (expense), net 628 (2,890 ) 720 (1,519 ) Income before income tax expense $ 93,603 $ 65,288 $ 225,243 $ 201,274 Capital expenditures: Company-operated stores $ 18,932 $ 30,909 $ 47,197 $ 72,541 Direct to consumer 3,711 3,744 9,425 5,676 Corporate and other 12,263 8,290 49,546 29,844 $ 34,906 $ 42,943 $ 106,168 $ 108,061 Depreciation and amortization: Company-operated stores $ 15,735 $ 13,126 $ 44,030 $ 36,139 Direct to consumer 1,854 1,759 4,908 4,894 Corporate and other 6,370 4,822 14,703 11,465 $ 23,959 $ 19,707 $ 63,641 $ 52,498

Nature of Operations and Basi21

Nature of Operations and Basis of Presentation - Additional Information (Detail) - store	Oct. 30, 2016	Jan. 31, 2016
Accounting Policies [Abstract]
Number of company-operated stores	389	363

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ in Millions	3 Months Ended	9 Months Ended
	Oct. 30, 2016USD ($)shares	Oct. 30, 2016USD ($)shares	Nov. 01, 2015USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense | $		$ 12.9	$ 6.6
Total unrecognized compensation cost | $	$ 42.7	$ 42.7
Expected weighted-average period of compensation cost		2 years 4 months 24 days
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	28,800

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
	Oct. 30, 2016$ / sharesshares
Stock Options [Member]
Number
Number of Stock Options, Beginning Balance (in shares) | shares	867
Number of Stock Options, Granted (in shares) | shares	420
Number of Stock Options, Exercised/vested (in shares) | shares	170
Number of Stock Options, Forfeited (in shares) | shares	142
Number of Stock Options, Ending Balance (in shares) | shares	975
Number of Stock Options, Exercisable (in shares) | shares	230
Weighted-Average Exercise Price
Weighted-Average Exercise Price, Options, Beginning Balance (in dollars per share) | $ / shares	$ 49.54
Weighted-Average Exercise Price, Options, Granted (in dollars per share) | $ / shares	68.66
Weighted-Average Exercise Price, Options, Exercised/vested (in dollars per share) | $ / shares	35.02
Weighted-Average Exercise Price, Options, Forfeited (in dollars per share) | $ / shares	58.01
Weighted-Average Exercise Price, Options, Ending Balance (in dollars per share) | $ / shares	59.08
Weighted-Average Exercise Price, Options, Exercisable (in dollars per share) | $ / shares	$ 50.59
Performance-Based Restricted Stock Units [Member]
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance (in shares) | shares	395
Number of Units/Shares, Granted (in shares) | shares	160
Number of Units/Shares, Exercised/vested (in shares) | shares	7
Number of Units/Shares, Forfeited (in shares) | shares	143
Number of Units/Shares, Ending Balance (in shares) | shares	405
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 58.58
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	68.66
Weighted-Average Grant Date Fair Value, Exercised/vested (in dollars per share) | $ / shares	64.36
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	62.46
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 61.10
Restricted Shares [Member]
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance (in shares) | shares	31
Number of Units/Shares, Granted (in shares) | shares	17
Number of Units/Shares, Exercised/vested (in shares) | shares	20
Number of Units/Shares, Forfeited (in shares) | shares	0
Number of Units/Shares, Ending Balance (in shares) | shares	28
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 57.67
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	69.94
Weighted-Average Grant Date Fair Value, Exercised/vested (in dollars per share) | $ / shares	66.16
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	0
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 59.07
Restricted Stock Units [Member]
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance (in shares) | shares	333
Number of Units/Shares, Granted (in shares) | shares	209
Number of Units/Shares, Exercised/vested (in shares) | shares	84
Number of Units/Shares, Forfeited (in shares) | shares	73
Number of Units/Shares, Ending Balance (in shares) | shares	385
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 55.91
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	68.14
Weighted-Average Grant Date Fair Value, Exercised/vested (in dollars per share) | $ / shares	57.27
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	54.35
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 62.53

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value Assumptions (Details)	9 Months Ended
	Oct. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected term	4 years
Expected volatility	40.07%
Risk-free interest rate	1.08%
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
	Oct. 30, 2016	Nov. 01, 2015	Oct. 30, 2016	Nov. 01, 2015
Earnings Per Share [Abstract]
Net income	$ 68,285	$ 53,153	$ 167,246	$ 148,631
Basic weighted-average number of shares outstanding (in shares)	137,033	140,282	137,095	141,198
Assumed conversion of dilutive stock options and awards (in shares)	204	175	226	272
Diluted weighted-average number of shares outstanding (in shares)	137,237	140,457	137,321	141,470
Basic earnings per share (in dollars per share)	$ 0.50	$ 0.38	$ 1.22	$ 1.05
Diluted earnings per share (in dollars per share)	$ 0.50	$ 0.38	$ 1.22	$ 1.05

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - USD ($) shares in Millions	9 Months Ended
	Oct. 30, 2016	Nov. 01, 2015	Jun. 11, 2014
Earnings Per Share [Abstract]
Anti-dilutive stock options (in shares)	0.1	0.1
Aggregate amount authorized for stock repurchase			$ 450,000,000
Repurchase of common stock (in shares)	0.4	2.9
Repurchase of common stock	$ 28,556,000	$ 170,000,000

Supplementary Financial Infor27

Supplementary Financial Information - Summary of Certain Balance Sheet Accounts (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2016	Nov. 01, 2015	Oct. 30, 2016	Nov. 01, 2015	Jan. 31, 2016
Inventories:
Finished goods	$ 373,385		$ 373,385		$ 290,791
Provision to reduce inventory to market value	(8,871)		(8,871)		(6,782)
Total inventories	364,514		364,514		284,009
Property and equipment, net:
Land	77,107		77,107		55,488
Buildings	31,773		31,773		30,885
Leasehold improvements	254,528		254,528		225,604
Furniture and fixtures	82,649		82,649		73,254
Computer hardware	52,538		52,538		44,085
Computer software	143,880		143,880		112,161
Equipment and vehicles	13,390		13,390		11,929
Accumulated depreciation	(256,207)		(256,207)		(203,801)
Total property and equipment	399,658		399,658		349,605
Goodwill and intangible assets, net:
Goodwill	25,496		25,496		25,496
Changes in foreign currency exchange rates	(1,384)		(1,384)		(1,666)
Goodwill, net	24,112		24,112		23,830
Intangibles - reacquired franchise rights	10,150		10,150		10,150
Accumulated amortization	(9,659)		(9,659)		(9,074)
Changes in foreign currency exchange rates	(36)		(36)		(129)
Total intangible assets	455		455		947
Goodwill and intangible assets, net	24,567		24,567		24,777
Other accrued liabilities:
Accrued duty, freight, and other operating expenses	30,324		30,324		26,017
Sales tax collected	10,005		10,005		10,506
Accrued rent	5,192		5,192		6,070
Other	6,142		6,142		8,083
Total accrued liabilities	51,663		51,663		50,676
Other non-current liabilities:
Deferred lease liability	26,569		26,569		25,723
Tenant inducements	24,130		24,130		24,609
Other non-current liabilities	50,699		50,699		$ 50,332
Selling, General and Administrative Expenses [Member]
Condensed Financial Statements, Captions [Line Items]
Net foreign exchange gains (losses)	$ 4,300	$ (1,200)	$ (4,100)	$ (100)

Income Taxes Income Taxes - Add

Income Taxes Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2016	Nov. 01, 2015	Oct. 30, 2016
Income Tax Disclosure [Abstract]
Amount of foreign earnings repatriated	$ 156
Net income tax expense (recovery)	(4)	$ (7.7)	$ (11.6)
Net interest expense	$ 0.2	$ 3.6	$ 1.7

Segment Reporting - Detailed Se

Segment Reporting - Detailed Segments Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2016	Nov. 01, 2015	Oct. 30, 2016	Nov. 01, 2015
Net revenue:
Net revenue	$ 544,416	$ 479,693	$ 1,554,452	$ 1,356,247
Income from operations before general corporate expense:
Income from operations before general corporate expense	140,794	110,283	372,230	316,869
General corporate expense	47,819	42,105	147,707	114,076
Income from operations	92,975	68,178	224,523	202,793
Other income (expense), net	628	(2,890)	720	(1,519)
Income before income tax expense	93,603	65,288	225,243	201,274
Capital expenditures:
Capital expenditures	34,906	42,943	106,168	108,061
Depreciation and amortization:
Depreciation and amortization	23,959	19,707	63,641	52,498
Operating Segments [Member] | Company-Operated Stores [Member]
Net revenue:
Net revenue	393,506	353,399	1,133,599	1,007,272
Income from operations before general corporate expense:
Income from operations before general corporate expense	91,497	70,729	245,056	207,393
Capital expenditures:
Capital expenditures	18,932	30,909	47,197	72,541
Depreciation and amortization:
Depreciation and amortization	15,735	13,126	44,030	36,139
Operating Segments [Member] | Direct To Consumer [Member]
Net revenue:
Net revenue	104,013	89,330	288,978	255,205
Income from operations before general corporate expense:
Income from operations before general corporate expense	43,588	37,985	114,744	105,106
Capital expenditures:
Capital expenditures	3,711	3,744	9,425	5,676
Depreciation and amortization:
Depreciation and amortization	1,854	1,759	4,908	4,894
Operating Segments [Member] | Other [Member]
Net revenue:
Net revenue	46,897	36,964	131,875	93,770
Income from operations before general corporate expense:
Income from operations before general corporate expense	5,709	1,569	12,430	4,370
Corporate and Other [Member]
Capital expenditures:
Capital expenditures	12,263	8,290	49,546	29,844
Depreciation and amortization:
Depreciation and amortization	$ 6,370	$ 4,822	$ 14,703	$ 11,465

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	Dec. 01, 2016	Jun. 11, 2014
Subsequent Event [Line Items]
Aggregate amount authorized for stock repurchase		$ 450,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Aggregate amount authorized for stock repurchase	$ 100,000,000
Period of stock repurchase program	2 years