Lululemon Athletica (LULU) 10-Q 1 Jun 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2017	May 29, 2017
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	LULU
Entity Registrant Name	lululemon athletica inc.
Entity Central Index Key	1,397,187
Current Fiscal Year End Date	--01-28
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		126,929,282

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 29, 2017
Current assets
Cash and cash equivalents	$ 698,289	$ 734,846
Accounts receivable	10,707	9,200
Inventories	303,950	298,432
Prepaid and receivable income taxes	76,231	81,190
Other prepaid expenses and other current assets	43,504	39,069
Total current assets	1,132,681	1,162,737
Property and equipment, net	398,833	423,499
Goodwill and intangible assets, net	24,248	24,557
Deferred income tax assets	32,509	26,256
Other non-current assets	21,063	20,492
Total assets	1,609,334	1,657,541
Current liabilities
Accounts payable	8,533	24,846
Accrued inventory liabilities	20,610	8,601
Accrued compensation and related expenses	39,076	55,238
Income taxes payable	26,951	30,290
Unredeemed gift card liability	59,398	70,454
Other accrued liabilities	51,405	52,020
Total current liabilities	205,973	241,449
Deferred income tax liabilities	6,950	7,262
Other non-current liabilities	48,724	48,857
Total liabilities	261,647	297,568
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; 9,781 and 9,781 issued and outstanding	0	0
Special voting stock, $0.000005 par value: 60,000 shares authorized; 9,781 and 9,781 issued and outstanding	0	0
Common stock, $0.005 par value: 400,000 shares authorized; 127,131 and 127,304 issued and outstanding	636	637
Additional paid-in capital	267,369	266,622
Retained earnings	1,312,957	1,294,214
Accumulated other comprehensive loss	(233,275)	(201,500)
Total stockholders' equity	1,347,687	1,359,973
Total liabilities and stockholders' equity	$ 1,609,334	$ 1,657,541

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2017	Jan. 29, 2017
Statement of Financial Position [Abstract]
Undesignated preferred stock, par value (in USD 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	9,781,000	9,781,000
Exchangeable stock, shares outstanding	9,781,000	9,781,000
Special voting stock, par value (in USD per share)	$ 0.000005	$ 0.000005
Special voting stock, shares authorized	60,000,000	60,000,000
Special voting stock, shares issued	9,781,000	9,781,000
Special voting stock, shares outstanding	9,781,000	9,781,000
Common stock, par value (in USD per share)	$ 0.005	$ 0.005
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	127,131,000	127,304,000
Common stock, shares outstanding	127,131,000	127,304,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2017	May 01, 2016
Income Statement [Abstract]
Net revenue	$ 520,307	$ 495,516
Cost of goods sold	263,412	256,385
Gross profit	256,895	239,131
Selling, general and administrative expenses	199,141	181,542
Asset impairment and restructuring costs	12,331	0
Income from operations	45,423	57,589
Other income (expense), net	907	(486)
Income before income tax expense	46,330	57,103
Income tax expense	15,084	11,767
Net income	31,246	45,336
Other comprehensive (loss) income:
Foreign currency translation adjustment	(31,775)	73,562
Comprehensive (loss) income	$ (529)	$ 118,898
Basic earnings per share (in USD per share)	$ 0.23	$ 0.33
Diluted earnings per share (in USD per share)	$ 0.23	$ 0.33
Basic weighted-average number of shares outstanding (in shares)	137,037	137,263
Diluted weighted-average number of shares outstanding (in shares)	137,192	137,496

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 3 months ended Apr. 30, 2017 - USD ($) shares in Thousands, $ in Thousands	Total	Exchangeable Stock	Special Voting Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Jan. 29, 2017		9,781	9,781	127,304
Beginning balance at Jan. 29, 2017	$ 1,359,973		$ 0	$ 637	$ 266,622	$ 1,294,214	$ (201,500)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	31,246					31,246
Foreign currency translation adjustment	(31,775)						(31,775)
Stock-based compensation expense	2,730				2,730
Common stock issued upon settlement of stock-based compensation (in shares)				101
Common stock issued upon settlement of stock-based compensation	278			$ 1	277
Shares withheld related to net share settlement of stock-based compensation (in shares)				(40)
Shares withheld related to net share settlement of stock-based compensation	$ (1,961)			$ 0	(1,961)
Repurchase of common stock (in shares)	(200)			(234)
Repurchase of common stock	$ (12,804)			$ (2)	(299)	(12,503)
Ending balance (in shares) at Apr. 30, 2017		9,781	9,781	127,131
Ending balance at Apr. 30, 2017	$ 1,347,687		$ 0	$ 636	$ 267,369	$ 1,312,957	$ (233,275)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	May 01, 2016
Cash flows from operating activities
Net income	$ 31,246	$ 45,336
Items not affecting cash
Depreciation and amortization	23,163	19,185
Stock-based compensation expense	2,730	3,174
Asset impairment	11,593	0
Provision for inventories	3,318	607
Changes in operating assets and liabilities
Inventories	(13,445)	12,304
Prepaid and receivable income taxes	4,959	(348)
Other prepaid expenses and other current assets	(6,770)	(220)
Other non-current assets	(6,182)	(3,053)
Accounts payable	(15,798)	(4,532)
Accrued inventory liabilities	12,368	(7,057)
Accrued compensation and related expenses	(15,038)	(11,339)
Income taxes payable	(2,240)	(5,196)
Unredeemed gift card liability	(10,367)	(9,042)
Other accrued and non-current liabilities	(137)	208
Net cash provided by operating activities	19,400	40,027
Cash flows from investing activities
Purchase of property and equipment	(19,879)	(26,644)
Net cash used in investing activities	(19,879)	(26,644)
Cash flows from financing activities
Proceeds from settlement of stock-based compensation	278	3,579
Taxes paid related to net share settlement of stock-based compensation	(1,961)	(1,436)
Repurchase of common stock	(12,804)	(15,765)
Net cash used in financing activities	(14,487)	(13,622)
Effect of exchange rate changes on cash and cash equivalents	(21,591)	48,803
(Decrease) increase in cash and cash equivalents	(36,557)	48,564
Cash and cash equivalents, beginning of period	734,846	501,482
Cash and cash equivalents, end of period	$ 698,289	$ 550,046

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	3 Months Ended
	Apr. 30, 2017
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, temporary locations, warehouse sales, and through license and supply arrangements. The Company operates stores in the United States, Canada, Australia, the United Kingdom, New Zealand, China, Hong Kong, Singapore, South Korea, Germany, Ireland, Japan, Puerto Rico, and Switzerland. There were a total of 411 and 406 company-operated stores in operation as of April 30, 2017 and January 29, 2017 , respectively. On June 1, 2017, the Company announced a plan to restructure its ivivva operations. As part of this plan, the Company expects to close approximately 40 of the 55 ivivva branded company-operated stores that were in operation as of April 30, 2017 . It is also anticipated that approximately half of the remaining ivivva branded company-operated stores will be converted to lululemon branded stores. The Company will close all of its ivivva branded showrooms and other temporary locations, and will streamline its corporate infrastructure. The Company will continue offering ivivva branded products on its e-commerce websites. Basis of presentation The unaudited interim consolidated financial statements as of April 30, 2017 and for the quarters ended April 30, 2017 and May 1, 2016 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 29, 2017 is derived from the Company's audited consolidated financial statements and related notes for the fiscal year ended January 29, 2017 , which are included in Item 8 in the Company's fiscal 2016 Annual Report on Form 10-K filed with the SEC on March 29, 2017 . 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 2016 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 2017 will end on January 28, 2018 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	3 Months Ended
	Apr. 30, 2017
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. ASC 606 may be adopted either on a full retrospective basis or using a modified retrospective method with a cumulative adjustment to equity. This guidance will be adopted by the Company beginning in its first quarter of fiscal 2018. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements and the method of retrospective adoption that it will elect, but does not expect ASC 606 to materially impact the Company's consolidated financial statements. In July 2015, the FASB amended ASC Topic 330, Inventory 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 became effective for the Company the first quarter of fiscal 2017 and the adoption did not impact 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 will adopt ASC 842 in its first quarter of fiscal 2019. While the Company is currently evaluating the impact that this new guidance will have on its consolidated financial statements, it is expected that the primary impact upon adoption will be the recognition, on a discounted basis, of the Company's minimum commitments under noncancelable operating leases as right of use assets and obligations on the consolidated balance sheets. It is expected that this will result in a significant increase in assets and liabilities on the consolidated balance sheets. In March 2016, the FASB amended ASC Topic 718, Stock Compensation 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. The Company adopted this amendment in the first quarter of fiscal 2017 and elected to continue to estimate expected forfeitures. The Company is now required to include excess tax benefits and deficiencies as a component of income tax expense, rather than a component of stockholders' equity. Additionally, the Company retrospectively adjusted its consolidated statement of cash flows to reclassify excess tax benefits of $0.3 million from financing activities to operating activities.

Stock-Based Compensation and Be

Stock-Based Compensation and Benefit Plans	3 Months Ended
	Apr. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation and Benefit Plans	STOCK-BASED COMPENSATION AND BENEFIT PLANS 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 $2.7 million and $3.2 million for the quarters ended April 30, 2017 and May 1, 2016 , respectively. Total unrecognized compensation cost for all stock-based compensation plans was $60.1 million at April 30, 2017 , which is expected to be recognized over a weighted-average period of 2.6 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 April 30, 2017 , and changes during the first quarter 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 29, 2017 918 $ 59.20 390 $ 61.05 14 $ 70.54 360 $ 62.99 Granted 572 51.90 176 51.90 — 52.26 298 52.07 Exercised/released 11 25.82 — — — — 88 66.00 Forfeited 30 60.99 147 52.50 — — 18 58.38 Balance at April 30, 2017 1,449 $ 56.52 419 $ 60.21 14 $ 70.29 552 $ 56.77 Exercisable at April 30, 2017 333 $ 56.97 The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes model. The assumptions used to calculate the fair value of the 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 the 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 the first quarter of fiscal 2017 : Quarter Ended Expected term 4.00 years Expected volatility 38.28 % Risk-free interest rate 1.72 % 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 quarter ended April 30, 2017 , there were 33.3 thousand shares purchased in the open market under the ESPP. Defined contribution pension plans During the second quarter of fiscal 2016, the Company began offering defined contribution pension plans to its eligible employees in Canada and the United States. Participating employees may elect to defer and contribute a portion of their eligible compensation to a plan up to limits stated in the plan documents, not to exceed the dollar amounts set by applicable laws. The Company matches 50% to 75% of the contribution depending on the participant's length of service, and the contribution is subject to a two year vesting period. The Company's net expense for the defined contribution plans was $1.4 million in the first quarter of fiscal 2017 .

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 30, 2017
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: Quarter Ended April 30, 2017 May 1, 2016 (In thousands, except per share amounts) Net income $ 31,246 $ 45,336 Basic weighted-average number of shares outstanding 137,037 137,263 Assumed conversion of dilutive stock options and awards 155 233 Diluted weighted-average number of shares outstanding 137,192 137,496 Basic earnings per share $ 0.23 $ 0.33 Diluted earnings per share $ 0.23 $ 0.33 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 quarters ended April 30, 2017 and May 1, 2016 , 0.3 million and 0.2 million 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 $450.0 million . This stock repurchase program was completed during the second quarter of fiscal 2016. On December 1, 2016, the Company's board of directors approved a program to repurchase shares of the Company's common stock up to an aggregate value of $100.0 million . The common stock generally is repurchased in the open market at prevailing market prices, with the timing and actual number of shares repurchased depending upon market conditions, eligibility to trade, and other factors. The repurchases may be made until December 9, 2018. As of April 30, 2017 , the remaining aggregate value of shares available to be repurchased under this program was $86.4 million . During the quarters ended April 30, 2017 and May 1, 2016 , 0.2 million and 0.2 million shares, respectively, were repurchased under the program at a total cost of $12.8 million and $15.8 million , respectively. Subsequent to April 30, 2017 , and up to May 29, 2017 , 0.2 million shares were repurchased at a total cost of $10.4 million .

Supplementary Financial Informa

Supplementary Financial Information	3 Months Ended
	Apr. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplementary Financial Information	SUPPLEMENTARY FINANCIAL INFORMATION For the quarters ended April 30, 2017 and May 1, 2016 , there were aggregate revaluation foreign exchange gains of $5.8 million and losses of $13.5 million , respectively, included within selling, general and administrative expenses. A summary of certain consolidated balance sheet accounts is as follows: April 30, January 29, (In thousands) Inventories: Finished goods $ 314,923 $ 306,087 Provision to reduce inventories to net realizable value (10,973 ) (7,655 ) $ 303,950 $ 298,432 Property and equipment, net: Land $ 75,642 $ 78,561 Buildings 31,368 32,174 Leasehold improvements 272,397 273,801 Furniture and fixtures 81,034 84,479 Computer hardware 57,368 58,270 Computer software 159,658 160,835 Equipment and vehicles 14,272 13,704 Accumulated depreciation (292,906 ) (278,325 ) $ 398,833 $ 423,499 Goodwill and intangible assets, net: Goodwill $ 25,496 $ 25,496 Changes in foreign currency exchange rates (1,506 ) (1,263 ) 23,990 24,233 Intangibles - reacquired franchise rights 10,150 10,150 Accumulated amortization (9,875 ) (9,807 ) Changes in foreign currency exchange rates (17 ) (19 ) 258 324 $ 24,248 $ 24,557 Other accrued liabilities: Accrued duty, freight, and other operating expenses $ 28,245 $ 27,477 Sales tax collected 11,203 10,182 Accrued rent 4,561 5,562 Other 7,396 8,799 $ 51,405 $ 52,020 Other non-current liabilities: Deferred lease liability $ 26,546 $ 26,648 Tenant inducements 22,178 22,209 $ 48,724 $ 48,857 As a result of the plan to restructure the ivivva operations, the Company recorded an additional provision of $1.9 million as of April 30, 2017 to reduce the carrying value of certain ivivva branded finished goods inventories to their estimated net realizable value. In addition, the Company recorded a liability for the losses it expects to incur on certain firm inventory and fabric purchase commitments of $3.5 million as of April 30, 2017 . This liability is included within accrued inventory liabilities on the consolidated balance sheets. Please refer to Note 9 of these unaudited interim consolidated financial statements for further details regarding the ivivva restructuring plans, including impairment of property and equipment, net which was recorded during the first quarter of fiscal 2017 .

Legal Proceedings

Legal Proceedings	3 Months Ended
	Apr. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	LEGAL PROCEEDINGS In addition to the legal matter 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, employment 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 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	3 Months Ended
	Apr. 30, 2017
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 2016 Annual Report on Form 10-K filed with the SEC on March 29, 2017 , the Company finalized a bilateral Advance Pricing Arrangement ("APA") with the Internal Revenue Service ("IRS") and the Canada Revenue Agency ("CRA") during fiscal 2016. The results for the first quarter of fiscal 2016 included a net interest expense of $1.2 million that was recorded in other income (expense), net, and a net income tax recovery of $5.6 million related to the expected outcome of the APA and taxes associated with the anticipated repatriation of foreign earnings.

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 30, 2017
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, temporary locations, warehouse sales, and license and supply arrangement net revenue have been combined into other. Information for these segments is detailed in the table below: Quarter Ended April 30, 2017 May 1, 2016 (In thousands) Net revenue: Company-operated stores $ 379,099 $ 358,704 Direct to consumer 97,223 97,566 Other 43,985 39,246 $ 520,307 $ 495,516 Income from operations before general corporate expense: Company-operated stores $ 77,499 $ 73,259 Direct to consumer 35,442 38,551 Other 2,836 2,069 115,777 113,879 General corporate expense 52,604 56,290 ivivva inventory write downs, and losses on purchase commitments 5,419 — Asset impairment and restructuring costs 12,331 — Income from operations 45,423 57,589 Other income (expense), net 907 (486 ) Income before income tax expense $ 46,330 $ 57,103 Capital expenditures: Company-operated stores $ 7,168 $ 16,750 Direct to consumer 1,980 1,163 Corporate and other 10,731 8,731 $ 19,879 $ 26,644 Depreciation and amortization: Company-operated stores $ 15,200 $ 13,784 Direct to consumer 1,994 1,329 Corporate and other 5,969 4,072 $ 23,163 $ 19,185

Asset Impairment and Restructur

Asset Impairment and Restructuring	3 Months Ended
	Apr. 30, 2017
Restructuring and Related Activities [Abstract]
Asset Impairment and Restructuring	ASSET IMPAIRMENT AND RESTRUCTURING On June 1, 2017, the Company announced a plan to restructure its ivivva operations. As part of this plan, the Company expects to close approximately 40 of the 55 ivivva branded company-operated stores that were in operation as of April 30, 2017 . It is also anticipated that approximately half of the remaining ivivva branded company-operated stores will be converted to lululemon branded stores, and that all of the Company's ivivva branded showrooms and other temporary locations will be closed. The Company will continue offering ivivva branded products on its e-commerce websites. The Company expects the closures and restructuring to be substantially complete by the end of the third quarter of fiscal 2017. As a result of the planned closures, the Company currently estimates that it will incur aggregate pre-tax charges of between $50.0 million and $60.0 million in fiscal 2017 , inclusive of $17.7 million recognized during the first quarter of fiscal 2017 . The remaining costs, primarily related to lease terminations and employee related costs, are expected to be recognized in the second and third quarter of fiscal 2017 . These estimates are based on significant assumptions and could change materially. A summary of the pre-tax charges recognized during the first quarter of fiscal 2017 in connection with the Company's plan to restructure its ivivva operations is as follows: Quarter Ended (In thousands) Costs recorded in cost of goods sold: Provision to reduce inventories to net realizable value $ 1,942 Expected loss on committed inventory purchases 3,477 ivivva inventory write downs, and losses on purchase commitments 5,419 Costs recorded in operating expenses: Impairment of property and equipment 11,593 Employee related costs 738 Asset impairment and restructuring costs 12,331 $ 17,750 An income tax recovery of $4.7 million was recorded on the above items based on the expected annual tax rate of the applicable tax jurisdictions. Costs recorded in cost of goods sold The Company recognized expenses of $5.4 million in cost of goods sold as a result of the plan to restructure its ivivva operations. This included $1.9 million to reduce inventories to their estimated net realizable value, and $3.5 million for the losses the Company expects to incur on certain firm inventory and fabric purchase commitments. The liability for the expected losses is included within accrued inventory liabilities on the consolidated balance sheets. Costs recorded in operating expenses The Company recognized asset impairment and restructuring costs of $12.3 million as a result of the plan to restructure its ivivva operations. As a result of the plan to close the majority of the ivivva branded locations, the long-lived assets of each ivivva branded location were tested for impairment as of April 30, 2017 . For impaired locations, a loss was recognized representing the difference between the net book value of the long-lived assets and their estimated fair value. Impairment losses totaling $11.6 million were recognized during the first quarter of fiscal 2017 . These losses primarily relate to leasehold improvements and furniture and fixtures of the company-operated stores segment. Fair value measurements are made using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The fair value of the long-lived assets for each store was determined using level 3 inputs, principally the present value of the estimated future cash flows expected from their use and eventual disposition. The Company also recorded an accrual of $0.7 million for certain contractual employee termination benefits which were considered probable of payment as of April 30, 2017 , as a result of the planned restructuring.

Nature of Operations and Basi16

Nature of Operations and Basis of Presentation (Policies)	3 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The unaudited interim consolidated financial statements as of April 30, 2017 and for the quarters ended April 30, 2017 and May 1, 2016 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 29, 2017 is derived from the Company's audited consolidated financial statements and related notes for the fiscal year ended January 29, 2017 , which are included in Item 8 in the Company's fiscal 2016 Annual Report on Form 10-K filed with the SEC on March 29, 2017 . 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 2016 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 2017 will end on January 28, 2018 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. ASC 606 may be adopted either on a full retrospective basis or using a modified retrospective method with a cumulative adjustment to equity. This guidance will be adopted by the Company beginning in its first quarter of fiscal 2018. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements and the method of retrospective adoption that it will elect, but does not expect ASC 606 to materially impact the Company's consolidated financial statements. In July 2015, the FASB amended ASC Topic 330, Inventory 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 became effective for the Company the first quarter of fiscal 2017 and the adoption did not impact 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 will adopt ASC 842 in its first quarter of fiscal 2019. While the Company is currently evaluating the impact that this new guidance will have on its consolidated financial statements, it is expected that the primary impact upon adoption will be the recognition, on a discounted basis, of the Company's minimum commitments under noncancelable operating leases as right of use assets and obligations on the consolidated balance sheets. It is expected that this will result in a significant increase in assets and liabilities on the consolidated balance sheets. In March 2016, the FASB amended ASC Topic 718, Stock Compensation 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. The Company adopted this amendment in the first quarter of fiscal 2017 and elected to continue to estimate expected forfeitures. The Company is now required to include excess tax benefits and deficiencies as a component of income tax expense, rather than a component of stockholders' equity. Additionally, the Company retrospectively adjusted its consolidated statement of cash flows to reclassify excess tax benefits of $0.3 million from financing activities to operating activities.

Stock-Based Compensation and 17

Stock-Based Compensation and Benefit Plans (Tables)	3 Months Ended
	Apr. 30, 2017
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 April 30, 2017 , and changes during the first quarter 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 29, 2017 918 $ 59.20 390 $ 61.05 14 $ 70.54 360 $ 62.99 Granted 572 51.90 176 51.90 — 52.26 298 52.07 Exercised/released 11 25.82 — — — — 88 66.00 Forfeited 30 60.99 147 52.50 — — 18 58.38 Balance at April 30, 2017 1,449 $ 56.52 419 $ 60.21 14 $ 70.29 552 $ 56.77 Exercisable at April 30, 2017 333 $ 56.97
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 the first quarter of fiscal 2017 : Quarter Ended Expected term 4.00 years Expected volatility 38.28 % Risk-free interest rate 1.72 % Dividend yield — %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 30, 2017
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: Quarter Ended April 30, 2017 May 1, 2016 (In thousands, except per share amounts) Net income $ 31,246 $ 45,336 Basic weighted-average number of shares outstanding 137,037 137,263 Assumed conversion of dilutive stock options and awards 155 233 Diluted weighted-average number of shares outstanding 137,192 137,496 Basic earnings per share $ 0.23 $ 0.33 Diluted earnings per share $ 0.23 $ 0.33

Supplementary Financial Infor19

Supplementary Financial Information (Tables)	3 Months Ended
	Apr. 30, 2017
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: April 30, January 29, (In thousands) Inventories: Finished goods $ 314,923 $ 306,087 Provision to reduce inventories to net realizable value (10,973 ) (7,655 ) $ 303,950 $ 298,432 Property and equipment, net: Land $ 75,642 $ 78,561 Buildings 31,368 32,174 Leasehold improvements 272,397 273,801 Furniture and fixtures 81,034 84,479 Computer hardware 57,368 58,270 Computer software 159,658 160,835 Equipment and vehicles 14,272 13,704 Accumulated depreciation (292,906 ) (278,325 ) $ 398,833 $ 423,499 Goodwill and intangible assets, net: Goodwill $ 25,496 $ 25,496 Changes in foreign currency exchange rates (1,506 ) (1,263 ) 23,990 24,233 Intangibles - reacquired franchise rights 10,150 10,150 Accumulated amortization (9,875 ) (9,807 ) Changes in foreign currency exchange rates (17 ) (19 ) 258 324 $ 24,248 $ 24,557 Other accrued liabilities: Accrued duty, freight, and other operating expenses $ 28,245 $ 27,477 Sales tax collected 11,203 10,182 Accrued rent 4,561 5,562 Other 7,396 8,799 $ 51,405 $ 52,020 Other non-current liabilities: Deferred lease liability $ 26,546 $ 26,648 Tenant inducements 22,178 22,209 $ 48,724 $ 48,857

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 30, 2017
Segment Reporting [Abstract]
Segment Reporting	Information for these segments is detailed in the table below: Quarter Ended April 30, 2017 May 1, 2016 (In thousands) Net revenue: Company-operated stores $ 379,099 $ 358,704 Direct to consumer 97,223 97,566 Other 43,985 39,246 $ 520,307 $ 495,516 Income from operations before general corporate expense: Company-operated stores $ 77,499 $ 73,259 Direct to consumer 35,442 38,551 Other 2,836 2,069 115,777 113,879 General corporate expense 52,604 56,290 ivivva inventory write downs, and losses on purchase commitments 5,419 — Asset impairment and restructuring costs 12,331 — Income from operations 45,423 57,589 Other income (expense), net 907 (486 ) Income before income tax expense $ 46,330 $ 57,103 Capital expenditures: Company-operated stores $ 7,168 $ 16,750 Direct to consumer 1,980 1,163 Corporate and other 10,731 8,731 $ 19,879 $ 26,644 Depreciation and amortization: Company-operated stores $ 15,200 $ 13,784 Direct to consumer 1,994 1,329 Corporate and other 5,969 4,072 $ 23,163 $ 19,185

Asset Impairment and Restruct21

Asset Impairment and Restructuring (Tables)	3 Months Ended
	Apr. 30, 2017
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	A summary of the pre-tax charges recognized during the first quarter of fiscal 2017 in connection with the Company's plan to restructure its ivivva operations is as follows: Quarter Ended (In thousands) Costs recorded in cost of goods sold: Provision to reduce inventories to net realizable value $ 1,942 Expected loss on committed inventory purchases 3,477 ivivva inventory write downs, and losses on purchase commitments 5,419 Costs recorded in operating expenses: Impairment of property and equipment 11,593 Employee related costs 738 Asset impairment and restructuring costs 12,331 $ 17,750

Nature of Operations and Basi22

Nature of Operations and Basis of Presentation (Detail) - store	Apr. 30, 2017	Jan. 29, 2017
Restructuring Cost and Reserve [Line Items]
Number of company-operated stores	411	406
Facility closing | ivivva
Restructuring Cost and Reserve [Line Items]
Number of stores expected to close	40
Number of company-operated stores	55

Recent Accounting Pronounceme23

Recent Accounting Pronouncements (Details) $ in Millions	3 Months Ended
	Apr. 30, 2017USD ($)
Accounting Policies [Abstract]
Excess tax benefits from share-based compensation, operating activities	$ 0.3

Stock-Based Compensation and 24

Stock-Based Compensation and Benefit Plans - Additional Information (Detail) $ in Millions	3 Months Ended
	Apr. 30, 2017USD ($)shares	May 01, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 2.7	$ 3.2
Total unrecognized compensation cost	$ 60.1
Expected weighted-average period of compensation cost	2 years 7 months 6 days
Common stock per performance share unit	2
Vesting period	2 years
Company contributions	$ 1.4
ESPP
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
Shares purchased under ESPP | shares	33,300
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Participant contribution, company match percent	50.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Participant contribution, company match percent	75.00%

Stock-Based Compensation and 25

Stock-Based Compensation and Benefit Plans - Summary of Company's Stock Option, Performance Share Unit and Restricted Share Activity (Detail) shares in Thousands	3 Months Ended
	Apr. 30, 2017$ / sharesshares
Stock Options
Number of Stock Options
Number of Stock Options, Beginning Balance (in shares) | shares	918
Number of Stock Options, Granted (in shares) | shares	572
Number of Stock Options, Exercised/released (in shares) | shares	11
Number of Stock Options, Forfeited (in shares) | shares	30
Number of Stock Options, Ending Balance (in shares) | shares	1,449
Number of Stock Options, Exercisable at End of Period (in shares) | shares	333
Weighted-Average Exercise Price of Stock Options
Weighted-Average Exercise Price, Options, Beginning Balance (in dollars per share) | $ / shares	$ 59.20
Weighted-Average Exercise Price, Options, Granted (in dollars per share) | $ / shares	51.90
Weighted-Average Exercise Price, Options, Exercised/released (in dollars per share) | $ / shares	25.82
Weighted-Average Exercise Price, Options, Forfeited (in dollars per share) | $ / shares	60.99
Weighted-Average Exercise Price, Options, Ending Balance (in dollars per share) | $ / shares	56.52
Weighted-Average Exercise Price, Options, Exercisable (in dollars per share) | $ / shares	$ 56.97
Performance-Based Restricted Stock Units
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance (in shares) | shares	390
Number of Units/Shares, Granted (in shares) | shares	176
Number of Units/Shares, Exercised/released (in shares) | shares	0
Number of Units/Shares, Forfeited (in shares) | shares	147
Number of Units/Shares, Ending Balance (in shares) | shares	419
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 61.05
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	51.90
Weighted-Average Grant Date Fair Value, Exercised/released (in dollars per share) | $ / shares	0
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	52.50
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 60.21
Restricted Shares
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance (in shares) | shares	14
Number of Units/Shares, Granted (in shares) | shares	0
Number of Units/Shares, Exercised/released (in shares) | shares	0
Number of Units/Shares, Forfeited (in shares) | shares	0
Number of Units/Shares, Ending Balance (in shares) | shares	14
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 70.54
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	52.26
Weighted-Average Grant Date Fair Value, Exercised/released (in dollars per share) | $ / shares	0
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	$ 70.29
Restricted Stock Units
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance (in shares) | shares	360
Number of Units/Shares, Granted (in shares) | shares	298
Number of Units/Shares, Exercised/released (in shares) | shares	88
Number of Units/Shares, Forfeited (in shares) | shares	18
Number of Units/Shares, Ending Balance (in shares) | shares	552
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 62.99
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	52.07
Weighted-Average Grant Date Fair Value, Exercised/released (in dollars per share) | $ / shares	66
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	58.38
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 56.77

Stock-Based Compensation and 26

Stock-Based Compensation and Benefit Plans - Fair Value Assumptions (Details)	3 Months Ended
	Apr. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected term	4 years
Expected volatility	38.28%
Risk-free interest rate	1.72%
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
	Apr. 30, 2017	May 01, 2016
Earnings Per Share [Abstract]
Net income	$ 31,246	$ 45,336
Basic weighted-average number of shares outstanding (in shares)	137,037	137,263
Assumed conversion of dilutive stock options and awards (in shares)	155	233
Diluted weighted-average number of shares outstanding (in shares)	137,192	137,496
Basic earnings per share (in USD per share)	$ 0.23	$ 0.33
Diluted earnings per share (in USD per share)	$ 0.23	$ 0.33

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - USD ($) shares in Millions	1 Months Ended	3 Months Ended
	May 29, 2017	Apr. 30, 2017	May 01, 2016	Dec. 01, 2016	Jun. 11, 2014
Subsequent Event [Line Items]
Anti-dilutive stock options (in shares)		0.3	0.2
Aggregate amount authorized for stock repurchase				$ 100,000,000	$ 450,000,000
Remaining value of shares available to be repurchased		$ 86,400,000
Repurchase of common stock (in shares)		0.2	0.2
Repurchase of common stock		$ 12,804,000	$ 15,800,000
Subsequent Event
Subsequent Event [Line Items]
Repurchase of common stock (in shares)	0.2
Repurchase of common stock	$ 10,400,000

Supplementary Financial Infor29

Supplementary Financial Information - Summary of Certain Balance Sheet Accounts (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	May 01, 2016	Jan. 29, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net foreign exchange gains (losses)	$ 5,800	$ (13,500)
Inventories:
Finished goods	314,923		$ 306,087
Provision to reduce inventories to net realizable value	(10,973)		(7,655)
Total inventories	303,950		298,432
Property and equipment, net:
Land	75,642		78,561
Buildings	31,368		32,174
Leasehold improvements	272,397		273,801
Furniture and fixtures	81,034		84,479
Computer hardware	57,368		58,270
Computer software	159,658		160,835
Equipment and vehicles	14,272		13,704
Accumulated depreciation	(292,906)		(278,325)
Total property and equipment	398,833		423,499
Goodwill and intangible assets, net:
Goodwill	25,496		25,496
Changes in foreign currency exchange rates	(1,506)		(1,263)
Goodwill, net	23,990		24,233
Intangibles - reacquired franchise rights	10,150		10,150
Accumulated amortization	(9,875)		(9,807)
Changes in foreign currency exchange rates	(17)		(19)
Total intangible assets	258		324
Goodwill and intangible assets, net	24,248		24,557
Other accrued liabilities:
Accrued duty, freight, and other operating expenses	28,245		27,477
Sales tax collected	11,203		10,182
Accrued rent	4,561		5,562
Other	7,396		8,799
Total accrued liabilities	51,405		52,020
Other non-current liabilities:
Deferred lease liability	26,546		26,648
Tenant inducements	22,178		22,209
Other non-current liabilities	$ 48,724		$ 48,857

Supplementary Financial Infor30

Supplementary Financial Information - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	May 01, 2016
Restructuring Cost and Reserve [Line Items]
Provision for inventories	$ 3,318	$ 607
Facility closing | ivivva
Restructuring Cost and Reserve [Line Items]
Provision for inventories	1,942
Expected loss on committed inventory purchases	$ 3,477

Income Taxes Income Taxes - Add

Income Taxes Income Taxes - Additional Information (Details) $ in Millions	3 Months Ended
	May 01, 2016USD ($)
Income Tax Disclosure [Abstract]
Net interest expense	$ 1.2
Net income tax expense (recovery)	$ (5.6)

Segment Reporting - Detailed Se

Segment Reporting - Detailed Segments Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	May 01, 2016
Net revenue:
Net revenue	$ 520,307	$ 495,516
Income from operations before general corporate expense:
Income from operations before general corporate expense	115,777	113,879
General corporate expense	52,604	56,290
ivivva inventory write downs, and losses on purchase commitments	5,419	0
Asset impairment and restructuring costs	12,331	0
Income from operations	45,423	57,589
Other income (expense), net	907	(486)
Income before income tax expense	46,330	57,103
Capital expenditures:
Capital expenditures	19,879	26,644
Depreciation and amortization:
Depreciation and amortization	23,163	19,185
Company-operated stores
Net revenue:
Net revenue	379,099	358,704
Income from operations before general corporate expense:
Income from operations before general corporate expense	77,499	73,259
Direct to consumer
Net revenue:
Net revenue	97,223	97,566
Income from operations before general corporate expense:
Income from operations before general corporate expense	35,442	38,551
Other
Net revenue:
Net revenue	43,985	39,246
Income from operations before general corporate expense:
Income from operations before general corporate expense	2,836	2,069
Operating Segments | Company-operated stores
Capital expenditures:
Capital expenditures	7,168	16,750
Depreciation and amortization:
Depreciation and amortization	15,200	13,784
Operating Segments | Direct to consumer
Capital expenditures:
Capital expenditures	1,980	1,163
Depreciation and amortization:
Depreciation and amortization	1,994	1,329
Corporate and Other
Capital expenditures:
Capital expenditures	10,731	8,731
Depreciation and amortization:
Depreciation and amortization	$ 5,969	$ 4,072

Asset Impairment and Restruct33

Asset Impairment and Restructuring (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2017USD ($)store	May 01, 2016USD ($)	Jan. 29, 2017store
Restructuring Cost and Reserve [Line Items]
Number of stores | store	411		406
Income tax expense (recovery)	$ 15,084	$ 11,767
ivivva inventory write downs, and losses on purchase commitments	5,419	0
Provision for inventories	3,318	607
Asset impairment and restructuring costs	12,331	0
Asset impairment	$ 11,593	$ 0
ivivva | Facility closing
Restructuring Cost and Reserve [Line Items]
Number of stores expected to close | store	40
Number of stores | store	55
Restructuring Costs	$ 17,750
Income tax expense (recovery)	(4,700)
ivivva inventory write downs, and losses on purchase commitments	5,419
Provision for inventories	1,942
Expected loss on committed inventory purchases	3,477
Asset impairment and restructuring costs	12,331
Asset impairment	11,593
Employee related costs	738
ivivva | Minimum | Facility closing
Restructuring Cost and Reserve [Line Items]
Restructuring estimated cost	50,000
ivivva | Maximum | Facility closing
Restructuring Cost and Reserve [Line Items]
Restructuring estimated cost	$ 60,000

Asset Impairment and Restruct34

Asset Impairment and Restructuring - Schedule of Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	May 01, 2016
Restructuring Cost and Reserve [Line Items]
Provision to reduce inventories to net realizable value	$ 3,318	$ 607
ivivva inventory write downs, and losses on purchase commitments	(5,419)	0
Impairment of property and equipment	11,593	0
Asset impairment and restructuring costs	(12,331)	$ 0
ivivva | Facility closing
Restructuring Cost and Reserve [Line Items]
Provision to reduce inventories to net realizable value	1,942
Expected loss on committed inventory purchases	3,477
ivivva inventory write downs, and losses on purchase commitments	(5,419)
Impairment of property and equipment	11,593
Employee related costs	738
Asset impairment and restructuring costs	(12,331)
Restructuring charges recognized	$ (17,750)