Lululemon Athletica (LULU) 10-Q 11 Jun 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	May 03, 2020	Jun. 05, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 3, 2020
Document Transition Report	false
Entity File Number	001-33608
Entity Registrant Name	lululemon athletica inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-3842867
Entity Address, Address Line One	1818 Cornwall Avenue
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6J 1C7
City Area Code	604
Local Phone Number	732-6124
Title of 12(b) Security	Common Stock, par value $0.005 per share
Trading Symbol	LULU
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		124,814,503
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001397187
Current Fiscal Year End Date	--01-31

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Current assets
Cash and cash equivalents	$ 823,006	$ 1,093,505
Accounts receivable	48,684	40,219
Inventories	625,849	518,513
Prepaid and receivable income taxes	89,316	85,159
Other prepaid expenses and other current assets	107,690	70,542
Total current assets	1,694,545	1,807,938
Property and equipment, net	659,265	671,693
Right-of-use lease assets	731,883	689,664
Goodwill and intangible assets, net	24,044	24,423
Deferred income tax assets	31,190	31,435
Other non-current assets	60,859	56,201
Total assets	3,201,786	3,281,354
Current liabilities
Accounts payable	78,940	79,997
Accrued inventory liabilities	9,860	6,344
Accrued compensation and related expenses	69,455	133,688
Current lease liabilities	144,646	128,497
Current income taxes payable	28,729	26,436
Unredeemed gift card liability	105,286	120,413
Other current liabilities	194,580	125,043
Total current liabilities	631,496	620,418
Non-current lease liabilities	639,242	611,464
Non-current income taxes payable	48,226	48,226
Deferred income tax liabilities	40,764	43,432
Other non-current liabilities	6,271	5,596
Total liabilities	1,365,999	1,329,136
Commitments and contingencies
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; 5,482 and 6,227 issued and outstanding	0	0
Special voting stock, $0.000005 par value: 60,000 shares authorized; 5,482 and 6,227 issued and outstanding	0	0
Common stock, $0.005 par value: 400,000 shares authorized; 124,717 and 124,122 issued and outstanding	624	621
Additional paid-in capital	334,201	355,541
Retained earnings	1,786,147	1,820,637
Accumulated other comprehensive loss	(285,185)	(224,581)
Total stockholders' equity	1,835,787	1,952,218
Total liabilities and stockholders' equity	$ 3,201,786	$ 3,281,354

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	May 03, 2020	Feb. 02, 2020
Statement of Financial Position [Abstract]
Undesignated preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Undesignated preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Undesignated preferred stock, shares issued (in shares)	0	0
Undesignated preferred stock, shares outstanding (in shares)	0	0
Exchangeable stock, shares authorized (in shares)	60,000,000	60,000,000
Exchangeable stock, shares issued (in shares)	5,482,000	6,227,000
Exchangeable stock, shares outstanding (in shares)	5,482,000	6,227,000
Special voting stock, par value (in dollars per share)	$ 0.000005	$ 0.000005
Special voting stock, shares authorized (in shares)	60,000,000	60,000,000
Special voting stock, shares issued (in shares)	5,482,000	6,227,000
Special voting stock, shares outstanding (in shares)	5,482,000	6,227,000
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	124,717,000	124,122,000
Common stock, shares outstanding (in shares)	124,717,000	124,122,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Income Statement [Abstract]
Net revenue	$ 651,962	$ 782,315
Cost of goods sold	317,560	360,595
Gross profit	334,402	421,720
Selling, general and administrative expenses	301,651	292,908
Income from operations	32,751	128,812
Other income (expense), net	1,174	2,379
Income before income tax expense	33,925	131,191
Income tax expense	5,293	34,588
Net income	28,632	96,603
Other comprehensive (loss) income:
Foreign currency translation adjustment	(60,604)	(15,723)
Comprehensive (loss) income	$ (31,972)	$ 80,880
Basic earnings per share (in dollars per share)	$ 0.22	$ 0.74
Diluted earnings per share (in dollars per share)	$ 0.22	$ 0.74
Basic weighted-average number of shares outstanding (in shares)	130,251	130,694
Diluted weighted-average number of shares outstanding (in shares)	130,803	131,337

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 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 Feb. 03, 2019		9,332	9,332	121,600
Beginning balance at Feb. 03, 2019	$ 1,445,975		$ 0	$ 608	$ 315,285	$ 1,346,890	$ (216,808)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	96,603					96,603
Foreign currency translation adjustment	(15,723)						(15,723)
Common stock issued upon exchange of exchangeable shares (in shares)		(1,951)	(1,951)	1,951
Common stock issued upon exchange of exchangeable shares				$ 10	(10)
Stock-based compensation expense	10,157				10,157
Common stock issued upon settlement of stock-based compensation (in shares)				464
Common stock issued upon settlement of stock-based compensation	12,177			$ 2	12,175
Shares withheld related to net share settlement of stock-based compensation (in shares)				(115)
Shares withheld related to net share settlement of stock-based compensation	$ (18,939)			$ (1)	(18,938)
Repurchase of common stock (in shares)	(1,000)			(1,000)
Repurchase of common stock	$ (163,530)			$ (4)	(1,465)	(162,061)
Ending balance (in shares) at May. 05, 2019		7,381	7,381	122,900
Ending balance at May. 05, 2019	1,366,720		$ 0	$ 615	317,204	1,281,432	(232,531)
Beginning balance (in shares) at Feb. 02, 2020		6,227	6,227	124,122
Beginning balance at Feb. 02, 2020	1,952,218		$ 0	$ 621	355,541	1,820,637	(224,581)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	28,632					28,632
Foreign currency translation adjustment	(60,604)						(60,604)
Common stock issued upon exchange of exchangeable shares (in shares)		(745)	(745)	745
Common stock issued upon exchange of exchangeable shares				$ 4	(4)
Stock-based compensation expense	6,128				6,128
Common stock issued upon settlement of stock-based compensation (in shares)				371
Common stock issued upon settlement of stock-based compensation	3,135			$ 2	3,133
Shares withheld related to net share settlement of stock-based compensation (in shares)				(152)
Shares withheld related to net share settlement of stock-based compensation	$ (30,059)			$ (1)	(30,058)
Repurchase of common stock (in shares)	(400)			(369)
Repurchase of common stock	$ (63,663)			$ (2)	(539)	(63,122)
Ending balance (in shares) at May. 03, 2020		5,482	5,482	124,717
Ending balance at May. 03, 2020	$ 1,835,787		$ 0	$ 624	$ 334,201	$ 1,786,147	$ (285,185)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Cash flows from operating activities
Net income	$ 28,632	$ 96,603
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	43,532	32,823
Stock-based compensation expense	6,128	10,157
Settlement of derivatives not designated in a hedging relationship	(5,669)	(4,983)
Changes in operating assets and liabilities:
Inventories	(122,810)	(42,856)
Prepaid and receivable income taxes	(4,157)	(32,816)
Other prepaid expenses and other current and non-current assets	(53,358)	(16,164)
Accounts payable	2,222	(5,420)
Accrued inventory liabilities	4,016	(6,894)
Accrued compensation and related expenses	(60,137)	(32,498)
Current and non-current income taxes payable	3,711	(60,533)
Unredeemed gift card liability	(13,640)	(13,641)
Right-of-use lease assets and current and non-current lease liabilities	(16,868)	8,185
Other current and non-current liabilities	67,155	5,234
Net cash used in operating activities	(121,243)	(62,803)
Cash flows from investing activities
Purchase of property and equipment	(52,101)	(68,434)
Settlement of net investment hedges	6,475	4,657
Other investing activities	0	(131)
Net cash used in investing activities	(45,626)	(63,908)
Cash flows from financing activities
Proceeds from settlement of stock-based compensation	3,135	12,177
Taxes paid related to net share settlement of stock-based compensation	(30,059)	(18,939)
Repurchase of common stock	(63,663)	(163,530)
Net cash used in financing activities	(90,587)	(170,292)
Effect of exchange rate changes on cash and cash equivalents	(13,043)	(8,076)
Decrease in cash and cash equivalents	(270,499)	(305,079)
Cash and cash equivalents, beginning of period	1,093,505	881,320
Cash and cash equivalents, end of period	$ 823,006	$ 576,241

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	3 Months Ended
	May 03, 2020
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 and accessories. The Company primarily conducts its business through company-operated stores and direct to consumer through e-commerce. It also generates net revenue from outlets, sales from temporary locations, sales to wholesale accounts, license and supply arrangements, and warehouse sales. The Company operates stores in the United States, Canada, the People's Republic of China ("PRC"), Australia, the United Kingdom, Japan, New Zealand, Germany, South Korea, Singapore, France, Malaysia, Sweden, Ireland, the Netherlands, Norway, and Switzerland. There were 489 and 491 company-operated stores in operation as of May 3, 2020 and February 2, 2020 , respectively. COVID-19 Pandemic The outbreak of a novel strain of coronavirus ("COVID-19") was declared a global pandemic by the World Health Organization in March 2020. In line with recommendations by public health officials and in accordance with governmental authority orders, the Company took actions to close the majority of its retail locations and to reduce operating hours. In February 2020, the Company temporarily closed all of its retail locations in Mainland China. All of these locations have since reopened. In March 2020, the Company temporarily closed all of its retail locations in North America, Europe, and certain countries in Asia Pacific. Its distribution centers in Columbus, Ohio and Sumner, Washington were temporarily closed for one and two weeks, respectively, during the first quarter of fiscal 2020 due to COVID-19. Subsequent to May 3, 2020 , the Company began reopening stores in certain markets in accordance with local government and public health authority guidelines. These stores are operating with precautionary measures in place such as reduced operating hours and maximum occupancy levels. As of June 10, 2020 , 295 of its company-operated stores were open. As of June 10, 2020 , all of its distribution centers were open. In response to COVID-19, various government programs have been announced to provide financial relief for affected businesses. The most significant relief measures which the Company qualifies for are the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") in the United States, and the Canada Emergency Wage Subsidy ("CEWS") under the COVID-19 Economic Response Plan in Canada. During the first quarter of fiscal 2020 , the Company recognized payroll subsidies totaling $14.3 million under these wage subsidy programs and similar plans in other jurisdictions. These subsidies were recorded as a reduction in the associated wage costs which the Company incurred, and were recognized in selling, general and administrative expenses. The Company also qualifies for and has deferred certain corporate income tax payments and employer payroll tax payments. The most significant is the deferral of $56.8 million of Canadian corporate income tax payments which would otherwise have been paid during the first quarter of fiscal 2020 to the third quarter of fiscal 2020. The Financial Accounting Standards Board ("FASB") staff issued guidance in April 2020 in relation to accounting for lease concessions made in connection with the effects of COVID-19. In accordance with this guidance, the Company has elected to treat COVID-19-related lease concessions as variable lease payments. The Company is actively negotiating commercially reasonable lease concessions. No significant lease concessions have yet been confirmed. The temporary store closures as a result of COVID-19 and associated reduction in operating income during the first quarter of fiscal 2020 are considered to be an indicator of impairment and the Company performed an assessment of recoverability for the long-lived assets and right-of-use assets associated with its closed retail locations. The Company recognized an insignificant impairment charge as a result of this analysis. Inventory is valued at the lower of cost and net realizable value. The Company periodically reviews its inventories and makes provisions as necessary to appropriately value goods that are obsolete, have quality issues, or are damaged. The amount of the provision is equal to the difference between the cost of the inventory and its net realizable value based upon assumptions about product quality, damages, future demand, selling prices, and market conditions. The Company did not recognize any significant additional inventory provisions in the first quarter of fiscal 2020 as a result of this analysis. Revenue is presented net of an allowance for expected returns, which is estimated based on historic return rates, trends, and future expectations. In light of the store closures, the Company has extended its return policy and the increase in the sales return allowances reflects an anticipated delay in returns as a result of retail location closures. The COVID-19 pandemic has materially impacted the Company's statement of operations. The extent to which COVID-19 continues to impacts the Company's results and financial position will depend on future developments, which are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of COVID-19 and the actions taken to contain it or treat its impact. Continued proliferation of the virus, or resurgence, may result in further or prolonged closures of its retail locations and distribution centers, reduce operating hours, interrupt the Company's supply chain, cause changes in guest behavior, and reduce discretionary spending. Such factors could result in the impairment of long-lived assets and right-of-use assets and the need for an increased provision against the carrying value of the Company's inventories. Basis of presentation The unaudited interim consolidated financial statements as of May 3, 2020 and for the quarters ended May 3, 2020 and May 5, 2019 are presented in United States dollars and have been prepared by the Company under the rules and regulations of the Securities and Exchange Commission ("SEC"). The financial information is presented in accordance with United States generally accepted accounting principles ("GAAP") for interim financial information and, accordingly, does not include all of the information and footnotes required by GAAP for complete financial statements. The financial information as of February 2, 2020 is derived from the Company's audited consolidated financial statements and related notes for the fiscal year ended February 2, 2020 , which are included in Item 8 in the Company's fiscal 2019 Annual Report on Form 10-K filed with the SEC on March 26, 2020 . 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 2019 Annual Report on Form 10-K. Except as disclosed in Note 2 pertaining to the adoption of new accounting pronouncements, there have been no significant changes to the Company's significant accounting policies as described in the Company's fiscal 2019 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 2020 will end on January 31, 2021 and will be a 52-week year. Fiscal 2019 was 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.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	May 03, 2020
Accounting Policies [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Recently adopted accounting pronouncements In June 2016, the FASB issued guidance on ASC 326 "Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments". This guidance changes the impairment model for most financial assets and requires the use of a forward-looking expected loss model rather than incurred losses for instruments measured at amortized cost. Under this model, entities are required to estimate the lifetime expected credit loss on such instruments and record an allowance to offset the amortized cost basis of the financial asset, resulting in a net presentation of the amount expected to be collected on the financial asset. The Company adopted this update during the first quarter of fiscal 2020 and it did not have a material impact on the Company's consolidated financial statements. Recently issued accounting pronouncements In December 2019, the FASB issued guidance on ASC 740, "Income Taxes" . The amendments in this update simplify the accounting for income taxes by removing certain exceptions to the general principles in ASC 740. The amendments also improve consistent application and simplify GAAP for other areas of this topic by clarifying and amending existing guidance. This guidance is effective for the Company beginning in its first quarter of fiscal 2021 and early adoption is permitted. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements but does not believe it will have a material impact. In March 2020, the FASB released guidance on ASC 848, "Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting" . This update provides optional expedients and exceptions to the current guidance on contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this update apply only to contracts and hedging relationships that reference the London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued due to reference rate reform. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements but does not believe it will have a material impact.

CREDIT FACILITIES

CREDIT FACILITIES	3 Months Ended
	May 03, 2020
Debt Disclosure [Abstract]
CREDIT FACILITIES	CREDIT FACILITIES North America revolving credit facility On June 6, 2018, the Company entered into Amendment No. 1 to its credit agreement. This amended the credit agreement to provide for (i) an increase in the aggregate commitments under the unsecured five -year revolving credit facility to $400.0 million , with an increase of the sub-limits for the issuance of letters of credit and extensions of swing line loans to $50.0 million for each, (ii) an increase in the option, subject to certain conditions as set forth in the credit agreement, to request increases in commitments under the revolving facility from $400.0 million to $600.0 million , and (iii) an extension in the maturity of the revolving facility from December 15, 2021 to June 6, 2023. In addition, this amendment decreased the applicable margins for LIBOR loans from 1.00% - 1.75% to 1.00% - 1.50% and for alternate base rate loans from 0.00% - 0.75% to 0.00% - 0.50% , reduced the commitment fee on average daily unused amounts under the revolving facility from 0.125% - 0.200% to 0.10% - 0.20% , and reduced fees for unused letters of credit from 1.00% - 1.75% to 1.00% - 1.50% . The Company is required to follow certain covenants. As of May 3, 2020 , the Company was in compliance with these covenants. The Company had no borrowings outstanding under this credit facility as of May 3, 2020 and February 2, 2020 . As of May 3, 2020 , the Company had letters of credit of $1.8 million outstanding. Mainland China revolving credit facility In December 2019, the Company entered into an uncommitted and unsecured 130.0 million Chinese Yuan revolving credit facility. The terms are reviewed on an annual basis. The facility includes a revolving loan of up to 100.0 million Chinese Yuan as well as a financial bank guarantee facility of up to 30.0 million Chinese Yuan, or its equivalent in another currency. In U.S. dollars, the uncommitted and unsecured revolving credit facility is equivalent to $18.4 million , the revolving loan is equivalent of up to $14.2 million , and the financial bank guarantee facility is equivalent of up to $4.2 million . Loans are available in Chinese Yuan for a period not to exceed 12 months , and interest accrues on them at a rate equal to 105% of the applicable PBOC Benchmark Lending Rate. Guarantees have a commission equal to 1% per annum of the outstanding amount. The Company is required to follow certain covenants. As of May 3, 2020 , the Company was in compliance with these covenants. As of May 3, 2020 , there were immaterial borrowings outstanding under this credit facility.

STOCK-BASED COMPENSATION AND BE

STOCK-BASED COMPENSATION AND BENEFIT PLANS	3 Months Ended
	May 03, 2020
Share-based Payment Arrangement [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 $6.6 million and $11.0 million for the quarters ended May 3, 2020 and May 5, 2019 , respectively. Total unrecognized compensation cost for all stock-based compensation plans was $89.9 million at May 3, 2020 , which is expected to be recognized over a weighted-average period of 2.4 years . A summary of the balances of the Company's stock-based compensation plans as of May 3, 2020 , and changes during the first quarter then ended, is presented below: Stock Options Performance-Based Restricted Stock Units Restricted Shares Restricted Stock Units Restricted Stock Units (Liability Accounting) 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 Number Weighted-Average Fair Value (In thousands, except per share amounts) Balance at February 2, 2020 776 $ 113.41 238 $ 103.52 7 $ 175.82 333 $ 108.44 29 $ 239.39 Granted 214 188.84 137 115.58 — — 112 189.30 — — Exercised/released 42 75.26 171 63.03 — — 159 86.02 — — Forfeited/expired — — — — — — 1 137.74 — — Balance at May 3, 2020 948 $ 132.05 204 $ 145.55 7 $ 175.82 285 $ 152.27 29 $ 218.69 Exercisable at May 3, 2020 270 $ 96.67 The grant date 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 are weighted averages of the assumptions that were used in calculating the fair value of stock options granted during the first quarter of fiscal 2020 : Quarter Ended Expected term 3.75 years Expected volatility 39.62 % Risk-free interest rate 0.34 % 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 grant date 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. Restricted stock units that are settled in cash or common stock at the election of the employee are remeasured to fair value at the end of each reporting period until settlement. This fair value is based on the closing price of the Company's common stock on the last business day before each period end. 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 authorized to be purchased under the ESPP is 6.0 million shares. All shares purchased under the ESPP are purchased in the open market. During the quarter ended May 3, 2020 , there were 22.1 thousand shares purchased. Defined contribution pension plans The Company offers defined contribution pension plans to its eligible employees. 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 $2.3 million and $2.3 million in the first quarter of fiscal 2020 and fiscal 2019 , respectively.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	May 03, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. 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. Assets and liabilities measured at fair value on a recurring basis The fair value measurement is categorized in its entirety by reference to its lowest level of significant input. As of May 3, 2020 and February 2, 2020 , the Company held certain assets and liabilities that are required to be measured at fair value on a recurring basis: May 3, 2020 Level 1 Level 2 Level 3 Balance Sheet Classification (In thousands) Money market funds $ 476,607 $ 476,607 $ — $ — Cash and cash equivalents Term deposits 132,222 — 132,222 — Cash and cash equivalents Forward currency contract assets 23,511 — 23,511 — Other prepaid expenses and other current assets Forward currency contract liabilities 23,766 — 23,766 — Other current liabilities February 2, 2020 Level 1 Level 2 Level 3 Balance Sheet Classification (In thousands) Money market funds $ 610,800 $ 610,800 $ — $ — Cash and cash equivalents Term deposits 203,360 — 203,360 — Cash and cash equivalents Forward currency contract assets 1,735 — 1,735 — Other prepaid expenses and other current assets Forward currency contract liabilities 1,920 — 1,920 — Other current liabilities The Company records accounts receivable, accounts payable, and accrued liabilities at cost. The carrying values of these instruments approximate their fair value due to their short-term maturities. The Company has short-term, highly liquid investments classified as cash equivalents, which are invested in money market funds, Treasury bills, and term deposits. The Company records cash equivalents at their original purchase prices plus interest that has accrued at the stated rate. The fair values of the forward currency contract assets and liabilities are determined using observable Level 2 inputs, including foreign currency spot exchange rates, forward pricing curves, and interest rates. The fair values consider the credit risk of the Company and its counterparties. The Company's Master International Swap Dealers Association, Inc., Agreements and other similar arrangements allow net settlements under certain conditions. However, the Company records all derivatives on its consolidated balance sheets at fair value and does not offset derivative assets and liabilities.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
	May 03, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS Foreign exchange risk The Company is exposed to risks associated with changes in foreign currency exchange rates and uses derivative financial instruments to manage its exposure to certain of these foreign currency exchange rate risks. The Company does not enter into derivative contracts for speculative or trading purposes. The Company currently hedges against changes in the Canadian dollar to U.S. dollar exchange rate and changes in the Chinese Yuan to U.S. dollar exchange rate using forward currency contracts. Net investment hedges The Company is exposed to foreign exchange gains and losses which arise on translation of its foreign subsidiaries' balance sheets into U.S. dollars. These gains and losses are recorded as a foreign currency translation adjustment in accumulated other comprehensive income or loss within stockholders' equity. The Company holds a significant portion of its assets in Canada and enters into forward currency contracts designed to hedge a portion of the foreign currency exposure that arises on translation of a Canadian subsidiary into U.S. dollars. These forward currency contracts are designated as net investment hedges. The effective portions of the hedges are reported in accumulated other comprehensive income or loss and will subsequently be reclassified to net earnings in the period in which the hedged investment is either sold or substantially liquidated. Hedge effectiveness is measured using a method based on changes in forward exchange rates. The Company recorded no ineffectiveness from net investment hedges during the first quarter of fiscal 2020 . The Company classifies the cash flows at settlement of its net investment hedges within investing activities in the consolidated statements of cash flows. Derivatives not designated as hedging instruments The Company is exposed to gains and losses arising from changes in foreign exchange rates associated with transactions which are undertaken by its subsidiaries in currencies other than their functional currency. Such transactions include intercompany transactions and inventory purchases. These transactions result in the recognition of certain foreign currency denominated monetary assets and liabilities which are remeasured to the quarter-end or settlement date exchange rate. The resulting foreign currency gains and losses are recorded in selling, general and administrative expenses. During the first quarter of fiscal 2020 , the Company entered into certain forward currency contracts designed to economically hedge the foreign exchange revaluation gains and losses that are recognized by its Canadian and Chinese subsidiaries on U.S. dollar denominated monetary assets and liabilities. The Company has not applied hedge accounting to these instruments and the change in fair value of these derivatives is recorded within selling, general and administrative expenses. The Company classifies the cash flows at settlement of its forward currency contracts which are not designated in hedging relationships within operating activities in the consolidated statements of cash flows. Quantitative disclosures about derivative financial instruments The Company presents its derivative assets and derivative liabilities at their gross fair values within other prepaid expenses and other current assets and other current liabilities on the consolidated balance sheets. However, the Company's Master International Swap Dealers Association, Inc., Agreements and other similar arrangements allow net settlements under certain conditions. As of May 3, 2020 , there were derivative assets of $23.5 million and derivative liabilities of $23.8 million subject to enforceable netting arrangements. The notional amounts and fair values of forward currency contracts were as follows: May 3, 2020 February 2, 2020 Gross Notional Assets Liabilities Gross Notional Assets Liabilities (In thousands) Derivatives designated as net investment hedges: Forward currency contracts $ 461,000 $ 23,364 $ — $ 417,000 $ 1,583 $ — Derivatives not designated in a hedging relationship: Forward currency contracts 505,000 147 23,766 460,000 152 1,920 Net derivatives recognized on consolidated balance sheets: Forward currency contracts $ 23,511 $ 23,766 $ 1,735 $ 1,920 The forward currency contracts designated as net investment hedges outstanding as of May 3, 2020 mature on different dates between May 2020 and October 2020. The forward currency contracts not designated in a hedging relationship outstanding as of May 3, 2020 mature on different dates between May 2020 and October 2020. The pre-tax gains and losses on foreign exchange forward contracts recorded in accumulated other comprehensive income or loss were as follows: Quarter Ended May 3, 2020 May 5, 2019 (In thousands) Gains (losses) recognized in foreign currency translation adjustment: Derivatives designated as net investment hedges $ 28,256 $ 6,764 No gains or losses have been reclassified from accumulated other comprehensive income or loss into net income for derivative financial instruments in a net investment hedging relationship, as the Company has not sold or liquidated (or substantially liquidated) its hedged subsidiary. The pre-tax net foreign exchange and derivative gains and losses recorded in the consolidated statement of operations were as follows: Quarter Ended May 3, 2020 May 5, 2019 (In thousands) Gains (losses) recognized in selling, general and administrative expenses: Foreign exchange gains $ 27,742 $ 5,697 Derivatives not designated in a hedging relationship (27,520 ) (6,631 ) Net foreign exchange and derivative gains (losses) $ 222 $ (934 ) Credit risk The Company is exposed to credit-related losses in the event of nonperformance by the counterparties to the forward currency contracts. The credit risk amount is the Company's unrealized gains on its derivative instruments, based on foreign currency rates at the time of nonperformance. The Company's forward currency contracts are entered into with large, reputable financial institutions that are monitored by the Company for counterparty risk. The Company's derivative contracts contain certain credit risk-related contingent features. Under certain circumstances, including an event of default, bankruptcy, termination, and cross default under the Company's revolving credit facility, the Company may be required to make immediate payment for outstanding liabilities under its derivative contracts.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	May 03, 2020
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 May 3, 2020 May 5, 2019 (In thousands, except per share amounts) Net income $ 28,632 $ 96,603 Basic weighted-average number of shares outstanding 130,251 130,694 Assumed conversion of dilutive stock options and awards 552 643 Diluted weighted-average number of shares outstanding 130,803 131,337 Basic earnings per share $ 0.22 $ 0.74 Diluted earnings per share $ 0.22 $ 0.74 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 May 3, 2020 and May 5, 2019 , 97.5 thousand and 75.7 thousand 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 January 31, 2019, the Company's board of directors approved a stock repurchase program for up to $500.0 million of the Company's common shares on the open market or in privately negotiated transactions. Common shares repurchased on the open market are at prevailing market prices, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The timing and actual number of common shares to be repurchased will depend upon market conditions, eligibility to trade, and other factors, in accordance with Securities and Exchange Commission requirements. As of March 31, 2020, the Company temporarily paused its share repurchase program. As of May 3, 2020 , the remaining aggregate value of shares available to be repurchased under this program was $263.6 million . During the quarters ended May 3, 2020 and May 5, 2019 , 0.4 million and 1.0 million shares, respectively, were repurchased under the program at a total cost of $63.7 million and $163.5 million , respectively. Subsequent to May 3, 2020 , and up to June 5, 2020 , no shares were repurchased.

SUPPLEMENTARY FINANCIAL INFORMA

SUPPLEMENTARY FINANCIAL INFORMATION	3 Months Ended
	May 03, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTARY FINANCIAL INFORMATION	SUPPLEMENTARY FINANCIAL INFORMATION A summary of certain consolidated balance sheet accounts is as follows: May 3, February 2, (In thousands) Inventories: Finished goods $ 648,909 $ 540,580 Provision to reduce inventories to net realizable value (23,060 ) (22,067 ) $ 625,849 $ 518,513 May 3, February 2, (In thousands) Other prepaid expenses and other current assets: Other prepaid expenses $ 60,333 $ 64,568 Forward currency contract assets 23,511 1,735 Government payroll subsidy receivables 13,442 — Other current assets 10,404 4,239 $ 107,690 $ 70,542 Property and equipment, net: Land $ 67,545 $ 71,829 Buildings 28,984 30,187 Leasehold improvements 490,010 489,202 Furniture and fixtures 108,786 109,533 Computer hardware 95,250 95,399 Computer software 339,827 336,768 Equipment and vehicles 19,302 19,521 Work in progress 51,445 40,930 Property and equipment, gross 1,201,149 1,193,369 Accumulated depreciation (541,884 ) (521,676 ) $ 659,265 $ 671,693 Other non-current assets: Cloud computing arrangement implementation costs $ 31,929 $ 24,648 Security deposits 19,949 19,901 Other 8,981 11,652 $ 60,859 $ 56,201 Other current liabilities: Accrued duty, freight, and other operating expenses $ 76,679 $ 59,403 Sales return allowances 33,962 12,897 Deferred revenue 27,775 12,705 Forward currency contract liabilities 23,766 1,920 Accrued capital expenditures 10,747 5,457 Sales tax collected 9,485 17,370 Accrued rent 5,129 8,356 Other 7,037 6,935 $ 194,580 $ 125,043

SEGMENTED INFORMATION AND DISAG

SEGMENTED INFORMATION AND DISAGGREGATED NET REVENUE	3 Months Ended
	May 03, 2020
Segment Reporting [Abstract]
SEGMENTED INFORMATION AND DISAGGREGATED NET REVENUE	SEGMENTED INFORMATION AND DISAGGREGATED NET REVENUE 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 and mobile apps. Outlets, temporary locations, sales to wholesale accounts, license and supply arrangements, and warehouse sale net revenue have been combined into other. During the first quarter of fiscal 2020, the Company reviewed its segment and general corporate expenses and determined certain costs that are more appropriately classified in different categories. Accordingly, comparative figures have been reclassified to conform to the financial presentation adopted for the current year. Quarter Ended May 3, 2020 May 5, 2019 (In thousands) Net revenue: Company-operated stores $ 259,970 $ 506,422 Direct to consumer 352,039 209,844 Other 39,953 66,049 $ 651,962 $ 782,315 Segmented income (loss) from operations: Company-operated stores $ (30,154 ) $ 120,911 Direct to consumer 156,947 79,337 Other (269 ) 12,623 126,524 212,871 General corporate expense 93,773 84,059 Income from operations 32,751 128,812 Other income (expense), net 1,174 2,379 Income before income tax expense $ 33,925 $ 131,191 Capital expenditures: Company-operated stores $ 33,819 $ 38,710 Direct to consumer 2,298 6,226 Corporate and other 15,984 23,498 $ 52,101 $ 68,434 Depreciation and amortization: Company-operated stores $ 25,628 $ 21,060 Direct to consumer 2,684 2,462 Corporate and other 15,220 9,301 $ 43,532 $ 32,823 The following table disaggregates the Company's net revenue by geographic area. Quarter Ended May 3, 2020 May 5, 2019 (In thousands) United States $ 459,352 $ 553,647 Canada 99,497 123,645 Outside of North America 93,113 105,023 $ 651,962 $ 782,315 The following table disaggregates the Company's net revenue by category. Quarter Ended May 3, 2020 May 5, 2019 (In thousands) Women's product $ 480,313 $ 562,983 Men's product 129,129 170,219 Other categories 42,520 49,113 $ 651,962 $ 782,315

LEGAL PROCEEDINGS AND OTHER CON

LEGAL PROCEEDINGS AND OTHER CONTINGENCIES	3 Months Ended
	May 03, 2020
Commitments and Contingencies Disclosure [Abstract]
LEGAL PROCEEDINGS AND OTHER CONTINGENCIES	LEGAL PROCEEDINGS AND OTHER CONTINGENCIES In addition to the legal proceedings described below, the Company is, from time to time, involved in routine legal matters, and audits and inspections by governmental agencies and other third parties which are incidental to the conduct of its business. This includes 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 legal proceedings, audits, and inspections 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. On November 21, 2018, plaintiff David Shabbouei filed in the Delaware Court of Chancery a derivative lawsuit on behalf of the Company against certain of the Company's current and former directors and officers, captioned David Shabbouei v. Laurent Potdevin, et al., 2018-0847-JRS. Plaintiff claims that the defendants breached their fiduciary duties to the Company by allegedly failing to address alleged sexual harassment, gender discrimination, and related conduct at the Company. Plaintiff also claims that the defendants breached their fiduciary duties to the Company and wasted corporate assets with respect to the separation agreement entered into by the Company and Laurent Potdevin in connection with his departure from the Company in February 2018. Plaintiff also further brings an unjust enrichment claim against Mr. Potdevin with respect to the separation agreement. Plaintiff seeks unspecified money damages for the Company for the defendants' alleged breaches of fiduciary duty, waste and unjust enrichment, disgorgement of all profits, benefits and other compensation Mr. Potdevin received as a result of defendants' alleged conduct for the Company, an order directing the Company to implement corporate governance and internal procedures, and an award of plaintiff's attorneys' fees, costs and expenses. On April 2, 2020, the Court granted the motion of the defendants and the Company to dismiss the lawsuit with prejudice. On March 23, 2020, a former retail employee filed a representative action in the Los Angeles Superior Court alleging violation of the Private Attorney General Act ("PAGA") based on purported California labor code violations including failure to pay wages, failure to pay overtime, failure to provide accurate itemized statements, and failure to provide meal and rest periods. The plaintiff is seeking to recover civil penalties under PAGA. The Company intends to vigorously defend this matter. On April 9, 2020, Aliign Activation Wear, LLC filed a lawsuit in the United States District Court for the Central District of California alleging federal trademark infringement, false designation of original and unfair competition. The plaintiff is seeking injunctive relief, monetary damages and declaratory relief. The Company intends to vigorously defend this matter.

NATURE OF OPERATIONS AND BASI_2

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	May 03, 2020
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The unaudited interim consolidated financial statements as of May 3, 2020 and for the quarters ended May 3, 2020 and May 5, 2019 are presented in United States dollars and have been prepared by the Company under the rules and regulations of the Securities and Exchange Commission ("SEC"). The financial information is presented in accordance with United States generally accepted accounting principles ("GAAP") for interim financial information and, accordingly, does not include all of the information and footnotes required by GAAP for complete financial statements. The financial information as of February 2, 2020 is derived from the Company's audited consolidated financial statements and related notes for the fiscal year ended February 2, 2020 , which are included in Item 8 in the Company's fiscal 2019 Annual Report on Form 10-K filed with the SEC on March 26, 2020 . 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 2019
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 2020 will end on January 31, 2021 and will be a 52-week year. Fiscal 2019 was 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.
Reclassification	Certain comparative figures have been reclassified to conform to the financial presentation adopted for the current year.
Recently adopted and issued accounting pronouncements	Recently adopted accounting pronouncements In June 2016, the FASB issued guidance on ASC 326 "Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments". This guidance changes the impairment model for most financial assets and requires the use of a forward-looking expected loss model rather than incurred losses for instruments measured at amortized cost. Under this model, entities are required to estimate the lifetime expected credit loss on such instruments and record an allowance to offset the amortized cost basis of the financial asset, resulting in a net presentation of the amount expected to be collected on the financial asset. The Company adopted this update during the first quarter of fiscal 2020 and it did not have a material impact on the Company's consolidated financial statements. Recently issued accounting pronouncements In December 2019, the FASB issued guidance on ASC 740, "Income Taxes" . The amendments in this update simplify the accounting for income taxes by removing certain exceptions to the general principles in ASC 740. The amendments also improve consistent application and simplify GAAP for other areas of this topic by clarifying and amending existing guidance. This guidance is effective for the Company beginning in its first quarter of fiscal 2021 and early adoption is permitted. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements but does not believe it will have a material impact. In March 2020, the FASB released guidance on ASC 848, "Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting" . This update provides optional expedients and exceptions to the current guidance on contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this update apply only to contracts and hedging relationships that reference the London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued due to reference rate reform. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements but does not believe it will have a material impact.
Fair value measurement	The Company records accounts receivable, accounts payable, and accrued liabilities at cost. The carrying values of these instruments approximate their fair value due to their short-term maturities. The Company has short-term, highly liquid investments classified as cash equivalents, which are invested in money market funds, Treasury bills, and term deposits. The Company records cash equivalents at their original purchase prices plus interest that has accrued at the stated rate. The fair values of the forward currency contract assets and liabilities are determined using observable Level 2 inputs, including foreign currency spot exchange rates, forward pricing curves, and interest rates. The fair values consider the credit risk of the Company and its counterparties. The Company's Master International Swap Dealers Association, Inc., Agreements and other similar arrangements allow net settlements under certain conditions. However, the Company records all derivatives on its consolidated balance sheets at fair value and does not offset derivative assets and liabilities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. 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.

STOCK-BASED COMPENSATION AND _2

STOCK-BASED COMPENSATION AND BENEFIT PLANS (Tables)	3 Months Ended
	May 03, 2020
Share-based Payment Arrangement [Abstract]
Summary of Company's Stock Option, Performance Share Unit and Restricted Share Activity	A summary of the balances of the Company's stock-based compensation plans as of May 3, 2020 , and changes during the first quarter then ended, is presented below: Stock Options Performance-Based Restricted Stock Units Restricted Shares Restricted Stock Units Restricted Stock Units (Liability Accounting) 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 Number Weighted-Average Fair Value (In thousands, except per share amounts) Balance at February 2, 2020 776 $ 113.41 238 $ 103.52 7 $ 175.82 333 $ 108.44 29 $ 239.39 Granted 214 188.84 137 115.58 — — 112 189.30 — — Exercised/released 42 75.26 171 63.03 — — 159 86.02 — — Forfeited/expired — — — — — — 1 137.74 — — Balance at May 3, 2020 948 $ 132.05 204 $ 145.55 7 $ 175.82 285 $ 152.27 29 $ 218.69 Exercisable at May 3, 2020 270 $ 96.67
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following are weighted averages of the assumptions that were used in calculating the fair value of stock options granted during the first quarter of fiscal 2020 : Quarter Ended Expected term 3.75 years Expected volatility 39.62 % Risk-free interest rate 0.34 % Dividend yield — %

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	May 03, 2020
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	As of May 3, 2020 and February 2, 2020 , the Company held certain assets and liabilities that are required to be measured at fair value on a recurring basis: May 3, 2020 Level 1 Level 2 Level 3 Balance Sheet Classification (In thousands) Money market funds $ 476,607 $ 476,607 $ — $ — Cash and cash equivalents Term deposits 132,222 — 132,222 — Cash and cash equivalents Forward currency contract assets 23,511 — 23,511 — Other prepaid expenses and other current assets Forward currency contract liabilities 23,766 — 23,766 — Other current liabilities February 2, 2020 Level 1 Level 2 Level 3 Balance Sheet Classification (In thousands) Money market funds $ 610,800 $ 610,800 $ — $ — Cash and cash equivalents Term deposits 203,360 — 203,360 — Cash and cash equivalents Forward currency contract assets 1,735 — 1,735 — Other prepaid expenses and other current assets Forward currency contract liabilities 1,920 — 1,920 — Other current liabilities

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	May 03, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Forward Currency Contracts, Statement of Financial Position	The notional amounts and fair values of forward currency contracts were as follows: May 3, 2020 February 2, 2020 Gross Notional Assets Liabilities Gross Notional Assets Liabilities (In thousands) Derivatives designated as net investment hedges: Forward currency contracts $ 461,000 $ 23,364 $ — $ 417,000 $ 1,583 $ — Derivatives not designated in a hedging relationship: Forward currency contracts 505,000 147 23,766 460,000 152 1,920 Net derivatives recognized on consolidated balance sheets: Forward currency contracts $ 23,511 $ 23,766 $ 1,735 $ 1,920
Schedule of Pre-tax Gains (Losses) on Derivatives in Accumulated Other Comprehensive Income (Loss)	The pre-tax gains and losses on foreign exchange forward contracts recorded in accumulated other comprehensive income or loss were as follows: Quarter Ended May 3, 2020 May 5, 2019 (In thousands) Gains (losses) recognized in foreign currency translation adjustment: Derivatives designated as net investment hedges $ 28,256 $ 6,764
Schedule of Derivative Gains and Losses	The pre-tax net foreign exchange and derivative gains and losses recorded in the consolidated statement of operations were as follows: Quarter Ended May 3, 2020 May 5, 2019 (In thousands) Gains (losses) recognized in selling, general and administrative expenses: Foreign exchange gains $ 27,742 $ 5,697 Derivatives not designated in a hedging relationship (27,520 ) (6,631 ) Net foreign exchange and derivative gains (losses) $ 222 $ (934 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	May 03, 2020
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 May 3, 2020 May 5, 2019 (In thousands, except per share amounts) Net income $ 28,632 $ 96,603 Basic weighted-average number of shares outstanding 130,251 130,694 Assumed conversion of dilutive stock options and awards 552 643 Diluted weighted-average number of shares outstanding 130,803 131,337 Basic earnings per share $ 0.22 $ 0.74 Diluted earnings per share $ 0.22 $ 0.74

SUPPLEMENTARY FINANCIAL INFOR_2

SUPPLEMENTARY FINANCIAL INFORMATION (Tables)	3 Months Ended
	May 03, 2020
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: May 3, February 2, (In thousands) Inventories: Finished goods $ 648,909 $ 540,580 Provision to reduce inventories to net realizable value (23,060 ) (22,067 ) $ 625,849 $ 518,513 May 3, February 2, (In thousands) Other prepaid expenses and other current assets: Other prepaid expenses $ 60,333 $ 64,568 Forward currency contract assets 23,511 1,735 Government payroll subsidy receivables 13,442 — Other current assets 10,404 4,239 $ 107,690 $ 70,542 Property and equipment, net: Land $ 67,545 $ 71,829 Buildings 28,984 30,187 Leasehold improvements 490,010 489,202 Furniture and fixtures 108,786 109,533 Computer hardware 95,250 95,399 Computer software 339,827 336,768 Equipment and vehicles 19,302 19,521 Work in progress 51,445 40,930 Property and equipment, gross 1,201,149 1,193,369 Accumulated depreciation (541,884 ) (521,676 ) $ 659,265 $ 671,693 Other non-current assets: Cloud computing arrangement implementation costs $ 31,929 $ 24,648 Security deposits 19,949 19,901 Other 8,981 11,652 $ 60,859 $ 56,201 Other current liabilities: Accrued duty, freight, and other operating expenses $ 76,679 $ 59,403 Sales return allowances 33,962 12,897 Deferred revenue 27,775 12,705 Forward currency contract liabilities 23,766 1,920 Accrued capital expenditures 10,747 5,457 Sales tax collected 9,485 17,370 Accrued rent 5,129 8,356 Other 7,037 6,935 $ 194,580 $ 125,043

SEGMENTED INFORMATION AND DIS_2

SEGMENTED INFORMATION AND DISAGGREGATED NET REVENUE (Tables)	3 Months Ended
	May 03, 2020
Segment Reporting [Abstract]
Segment Reporting	Quarter Ended May 3, 2020 May 5, 2019 (In thousands) Net revenue: Company-operated stores $ 259,970 $ 506,422 Direct to consumer 352,039 209,844 Other 39,953 66,049 $ 651,962 $ 782,315 Segmented income (loss) from operations: Company-operated stores $ (30,154 ) $ 120,911 Direct to consumer 156,947 79,337 Other (269 ) 12,623 126,524 212,871 General corporate expense 93,773 84,059 Income from operations 32,751 128,812 Other income (expense), net 1,174 2,379 Income before income tax expense $ 33,925 $ 131,191 Capital expenditures: Company-operated stores $ 33,819 $ 38,710 Direct to consumer 2,298 6,226 Corporate and other 15,984 23,498 $ 52,101 $ 68,434 Depreciation and amortization: Company-operated stores $ 25,628 $ 21,060 Direct to consumer 2,684 2,462 Corporate and other 15,220 9,301 $ 43,532 $ 32,823 The following table disaggregates the Company's net revenue by geographic area. Quarter Ended May 3, 2020 May 5, 2019 (In thousands) United States $ 459,352 $ 553,647 Canada 99,497 123,645 Outside of North America 93,113 105,023 $ 651,962 $ 782,315 The following table disaggregates the Company's net revenue by category. Quarter Ended May 3, 2020 May 5, 2019 (In thousands) Women's product $ 480,313 $ 562,983 Men's product 129,129 170,219 Other categories 42,520 49,113 $ 651,962 $ 782,315

NATURE OF OPERATIONS AND BASI_3

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Detail) $ in Millions	1 Months Ended	3 Months Ended
	Mar. 31, 2020	May 03, 2020USD ($)store	Jun. 10, 2020store	Feb. 02, 2020store
Income Tax Contingency [Line Items]
Number of company-operated stores in operation | store		489		491
Government payroll subsidy recognized | $		$ 14.3
Canada Revenue Agency
Income Tax Contingency [Line Items]
Deferred corporate income tax | $		$ 56.8
Minimum
Income Tax Contingency [Line Items]
Period of closure of distribution centers	7 days
Maximum
Income Tax Contingency [Line Items]
Period of closure of distribution centers	14 days
Subsequent Event
Income Tax Contingency [Line Items]
Number of company-operated stores in operation | store			295

CREDIT FACILITIES (Details)

CREDIT FACILITIES (Details)	Jun. 06, 2018USD ($)	Dec. 31, 2019	May 03, 2020USD ($)	Feb. 02, 2020USD ($)	Feb. 02, 2020CNY (¥)
Line of Credit Facility [Line Items]
Short-term debt			$ 0
Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, term		12 months
Maximum borrowing capacity				$ 18,400,000	¥ 130,000,000
Interest accrued rate as percentage of PBOC benchmark lending rate		105.00%
Guarantees commission rate per annum of outstanding amount				1.00%	1.00%
Revolving Loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 14,200,000	¥ 100,000,000
Financial Bank Guarantee Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity				4,200,000	¥ 30,000,000
Line of Credit
Line of Credit Facility [Line Items]
Long-term line of credit			$ 0	$ 0
Line of Credit | Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, term			5 years
Maximum borrowing capacity	$ 400,000,000		$ 600,000,000
Line of Credit | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	50,000,000
Long-term line of credit			$ 1,800,000
Line of Credit | Swing Line Loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 50,000,000
Line of Credit | Minimum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage	0.125%		0.10%
Line of Credit | Minimum | Letter of Credit
Line of Credit Facility [Line Items]
Commitment fee percentage	1.00%		1.00%
Line of Credit | Maximum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage	0.20%		0.20%
Line of Credit | Maximum | Letter of Credit
Line of Credit Facility [Line Items]
Commitment fee percentage	1.75%		1.50%
Line of Credit | LIBOR | Minimum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%		1.00%
Line of Credit | LIBOR | Maximum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%		1.50%
Line of Credit | Base Rate | Minimum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.00%		0.00%
Line of Credit | Base Rate | Maximum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.75%		0.50%

STOCK-BASED COMPENSATION AND _3

STOCK-BASED COMPENSATION AND BENEFIT PLANS - Additional Information (Detail) $ in Millions	3 Months Ended
	May 03, 2020USD ($)shares	May 05, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 6.6	$ 11
Total unrecognized compensation cost	$ 89.9
Expected weighted-average period of compensation cost	2 years 4 months 24 days
Common stock per performance share unit (shares)	2
Company match contribution	33.33%
Vesting period	2 years
Company contributions	$ 2.3	$ 2.3
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%
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum shares available under ESPP (shares) | shares	6,000,000
Shares purchased under ESPP (shares) | shares	22,100

STOCK-BASED COMPENSATION AND _4

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
	May 03, 2020$ / sharesshares
Stock Options
Number of Stock Options
Number of Stock Options, Beginning Balance (in shares) | shares	776
Number of Stock Options, Granted (in shares) | shares	214
Number of Stock Options, Exercised/released (in shares) | shares	42
Number of Stock Options, Forfeited/expired (in shares) | shares	0
Number of Stock Options, Ending Balance (in shares) | shares	948
Number of Stock Options, Exercisable at End of Period (in shares) | shares	270
Weighted-Average Exercise Price of Stock Options
Weighted-Average Exercise Price, Options, Beginning Balance (in dollars per share) | $ / shares	$ 113.41
Weighted-Average Exercise Price, Options, Granted (in dollars per share) | $ / shares	188.84
Weighted-Average Exercise Price, Options, Exercised/released (in dollars per share) | $ / shares	75.26
Weighted-Average Exercise Price, Options, Forfeited/expired (in dollars per share) | $ / shares	0
Weighted-Average Exercise Price, Options, Ending Balance (in dollars per share) | $ / shares	132.05
Weighted-Average Exercise Price, Options, Exercisable (in dollars per share) | $ / shares	$ 96.67
Performance-Based Restricted Stock Units
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance (in shares) | shares	238
Number of Units/Shares, Granted (in shares) | shares	137
Number of Units/Shares, Exercised/released (in shares) | shares	171
Number of Units/Shares, Forfeited/expired (in shares) | shares	0
Number of Units/Shares, Ending Balance (in shares) | shares	204
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 103.52
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	115.58
Weighted-Average Grant Date Fair Value, Exercised/released (in dollars per share) | $ / shares	63.03
Weighted-Average Grant Date Fair Value, Forfeited/expired (in dollars per share) | $ / shares	0
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 145.55
Restricted Shares
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance (in shares) | shares	7
Number of Units/Shares, Granted (in shares) | shares	0
Number of Units/Shares, Exercised/released (in shares) | shares	0
Number of Units/Shares, Forfeited/expired (in shares) | shares	0
Number of Units/Shares, Ending Balance (in shares) | shares	7
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 175.82
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	0
Weighted-Average Grant Date Fair Value, Exercised/released (in dollars per share) | $ / shares	0
Weighted-Average Grant Date Fair Value, Forfeited/expired (in dollars per share) | $ / shares	0
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 175.82
Restricted Stock Units
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	112
Number of Units/Shares, Exercised/released (in shares) | shares	159
Number of Units/Shares, Forfeited/expired (in shares) | shares	1
Number of Units/Shares, Ending Balance (in shares) | shares	285
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 108.44
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	189.30
Weighted-Average Grant Date Fair Value, Exercised/released (in dollars per share) | $ / shares	86.02
Weighted-Average Grant Date Fair Value, Forfeited/expired (in dollars per share) | $ / shares	137.74
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 152.27
Restricted Stock Units (Liability Accounting)
Number of Performance-Based Restricted Stock Units and Restricted Shares
Number of Units/Shares, Beginning Balance (in shares) | shares	29
Number of Units/Shares, Granted (in shares) | shares	0
Number of Units/Shares, Exercised/released (in shares) | shares	0
Number of Units/Shares, Forfeited/expired (in shares) | shares	0
Number of Units/Shares, Ending Balance (in shares) | shares	29
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 239.39
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	0
Weighted-Average Grant Date Fair Value, Exercised/released (in dollars per share) | $ / shares	0
Weighted-Average Grant Date Fair Value, Forfeited/expired (in dollars per share) | $ / shares	0
Weighted-Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 218.69

STOCK-BASED COMPENSATION AND _5

STOCK-BASED COMPENSATION AND BENEFIT PLANS - Fair Value Assumptions (Detail)	3 Months Ended
	May 03, 2020
Share-based Payment Arrangement [Abstract]
Expected term	3 years 9 months
Expected volatility	39.62%
Risk-free interest rate	0.34%
Dividend yield	0.00%

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($)	May 03, 2020	Feb. 02, 2020
Cash and cash equivalents | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 476,607,000	$ 610,800,000
Cash and cash equivalents | Money market funds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	476,607,000	610,800,000
Cash and cash equivalents | Money market funds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Cash and cash equivalents | Money market funds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Cash and cash equivalents | Term deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	132,222,000	203,360,000
Cash and cash equivalents | Term deposits | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Cash and cash equivalents | Term deposits | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	132,222,000	203,360,000
Cash and cash equivalents | Term deposits | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Other prepaid expenses and other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Forward currency contract assets	23,511,000	1,735,000
Other prepaid expenses and other current assets | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Forward currency contract assets	0	0
Other prepaid expenses and other current assets | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Forward currency contract assets	23,511,000	1,735,000
Other prepaid expenses and other current assets | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Forward currency contract assets	0	0
Other current liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Forward currency contract liabilities	23,766,000	1,920,000
Other current liabilities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Forward currency contract liabilities	0	0
Other current liabilities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Forward currency contract liabilities	23,766,000	1,920,000
Other current liabilities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Forward currency contract liabilities	$ 0	$ 0

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Quantitative Disclosures about Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019	Feb. 02, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative assets subject to enforceable netting arrangements	$ 23,500
Derivative liabilities subject to enforceable netting arrangements	23,800
Foreign Exchange Forward
Derivatives, Fair Value [Line Items]
Assets	23,511		$ 1,735
Liabilities	23,766		1,920
Gains (losses) recognized in selling, general and administrative expenses:
Net foreign exchange and derivative gains (losses)	222	$ (934)
Foreign Exchange Forward | Derivatives designated as net investment hedges
Derivatives, Fair Value [Line Items]
Gross Notional	461,000		417,000
Assets	23,364		1,583
Liabilities	0		0
Gains (losses) recognized in foreign currency translation adjustment:
Derivatives designated as net investment hedges	28,256	6,764
Gains (losses) recognized in selling, general and administrative expenses:
Net foreign exchange and derivative gains (losses)	27,742	5,697
Foreign Exchange Forward | Derivatives not designated in a hedging relationship
Derivatives, Fair Value [Line Items]
Gross Notional	505,000		460,000
Assets	147		152
Liabilities	23,766		$ 1,920
Gains (losses) recognized in selling, general and administrative expenses:
Net foreign exchange and derivative gains (losses)	$ (27,520)	$ (6,631)

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
	May 03, 2020	May 05, 2019
Earnings Per Share [Abstract]
Net income	$ 28,632	$ 96,603
Basic weighted-average number of shares outstanding (in shares)	130,251	130,694
Assumed conversion of dilutive stock options and awards (in shares)	552	643
Diluted weighted-average number of shares outstanding (in shares)	130,803	131,337
Basic earnings per share (in dollars per share)	$ 0.22	$ 0.74
Diluted earnings per share (in dollars per share)	$ 0.22	$ 0.74

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended
	Jun. 05, 2020	May 03, 2020	May 05, 2019	Jan. 31, 2019
Subsequent Event [Line Items]
Anti-dilutive stock options (in shares)		97,500	75,700
Aggregate amount authorized for stock repurchase (up to)				$ 500,000,000
Remaining authorized repurchase amount		$ 263,600,000
Repurchase of common stock (in shares)		400,000	1,000,000
Repurchase of common stock		$ 63,663,000	$ 163,530,000
Subsequent Event
Subsequent Event [Line Items]
Repurchase of common stock (in shares)	0

SUPPLEMENTARY FINANCIAL INFOR_3

SUPPLEMENTARY FINANCIAL INFORMATION - Summary of Certain Balance Sheet Accounts (Detail) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Inventories:
Finished goods	$ 648,909	$ 540,580
Provision to reduce inventories to net realizable value	(23,060)	(22,067)
Total inventories	625,849	518,513
Other prepaid expenses and other current assets:
Other prepaid expenses	60,333	64,568
Forward currency contract assets	23,511	1,735
Government payroll subsidy receivables	13,442	0
Other current assets	10,404	4,239
Other prepaid expenses and other current assets	107,690	70,542
Property and equipment, net:
Land	67,545	71,829
Buildings	28,984	30,187
Leasehold improvements	490,010	489,202
Furniture and fixtures	108,786	109,533
Computer hardware	95,250	95,399
Computer software	339,827	336,768
Equipment and vehicles	19,302	19,521
Work in progress	51,445	40,930
Property and equipment, gross	1,201,149	1,193,369
Accumulated depreciation	(541,884)	(521,676)
Total property and equipment	659,265	671,693
Other non-current assets:
Cloud computing arrangement implementation costs	31,929	24,648
Security deposits	19,949	19,901
Other	8,981	11,652
Total other non-current assets	60,859	56,201
Other current liabilities:
Accrued duty, freight, and other operating expenses	76,679	59,403
Sales return allowances	33,962	12,897
Deferred revenue	27,775	12,705
Forward currency contract liabilities	23,766	1,920
Accrued capital expenditures	10,747	5,457
Sales tax collected	9,485	17,370
Accrued rent	5,129	8,356
Other	7,037	6,935
Total other current liabilities	$ 194,580	$ 125,043

SEGMENTED INFORMATION AND DIS_3

SEGMENTED INFORMATION AND DISAGGREGATED NET REVENUE (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Net revenue:
Net revenue	$ 651,962	$ 782,315
Segmented income (loss) from operations:
Segmented income from operations	126,524	212,871
General corporate expense	93,773	84,059
Income from operations	32,751	128,812
Other income (expense), net	1,174	2,379
Income before income tax expense	33,925	131,191
Capital expenditures:
Capital expenditures	52,101	68,434
Depreciation and amortization:
Depreciation and amortization	43,532	32,823
Women's product
Net revenue:
Net revenue	480,313	562,983
Men's product
Net revenue:
Net revenue	129,129	170,219
Other categories
Net revenue:
Net revenue	42,520	49,113
United States
Net revenue:
Net revenue	459,352	553,647
Canada
Net revenue:
Net revenue	99,497	123,645
Outside of North America
Net revenue:
Net revenue	93,113	105,023
Company-operated stores
Net revenue:
Net revenue	259,970	506,422
Segmented income (loss) from operations:
Segmented income from operations	(30,154)	120,911
Direct to consumer
Net revenue:
Net revenue	352,039	209,844
Segmented income (loss) from operations:
Segmented income from operations	156,947	79,337
Other
Net revenue:
Net revenue	39,953	66,049
Segmented income (loss) from operations:
Segmented income from operations	(269)	12,623
Operating segments | Company-operated stores
Capital expenditures:
Capital expenditures	33,819	38,710
Depreciation and amortization:
Depreciation and amortization	25,628	21,060
Operating segments | Direct to consumer
Capital expenditures:
Capital expenditures	2,298	6,226
Depreciation and amortization:
Depreciation and amortization	2,684	2,462
Corporate and other
Capital expenditures:
Capital expenditures	15,984	23,498
Depreciation and amortization:
Depreciation and amortization	$ 15,220	$ 9,301