Kate Spade & Co (KATE) 10-Q 14 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Apr. 05, 2014	2-May-14
Document and Entity Information	'	'
Entity Registrant Name	'Kate Spade & Co.	'
Entity Central Index Key	'0000352363	'
Document Type	'10-Q	'
Document Period End Date	5-Apr-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-28	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	126,546,550
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Apr. 05, 2014	Dec. 28, 2013	Mar. 30, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'	'
Cash and cash equivalents	$128,477	$130,222	$7,404
Accounts receivable - trade, net	87,053	89,554	102,490
Inventories, net	210,110	184,634	219,974
Deferred income taxes	174	218	1,490
Other current assets	53,918	45,031	50,829
Assets held for sale	11,282	202,054	'
Total current assets	491,014	651,713	382,187
Property and Equipment, Net	155,783	149,071	220,664
Goodwill	71,914	49,111	54,706
Intangibles, Net	94,270	90,678	128,340
Deferred Income Taxes	56	57	133
Note Receivable	85,877	'	'
Other Assets	37,724	36,881	40,251
Total Assets	936,638	977,511	826,281
Current Liabilities:	'	'	'
Short-term borrowings	5,322	3,407	47,268
Convertible Senior Notes	'	'	8,150
Accounts payable	118,605	142,654	146,665
Accrued expenses	173,241	200,178	197,112
Income taxes payable	1,588	2,631	486
Deferred income taxes	'	'	231
Liabilities held for sale	7,628	96,370	'
Total current liabilities	306,384	445,240	399,912
Long-Term Debt	390,273	390,794	383,312
Other Non-Current Liabilities	156,930	157,335	191,081
Deferred Income Taxes	16,742	16,624	22,158
Commitments and Contingencies (Note 11)	'	'	'
Stockholders' Equity (Deficit):	'	'	'
Preferred stock, $0.01 par value, authorized shares - 50,000,000, issued shares - none	'	'	'
Common stock, $1.00 par value, authorized shares - 250,000,000, issued shares - 176,437,234	176,437	176,437	176,437
Capital in excess of par value	181,538	155,984	148,446
Retained earnings	1,033,865	1,020,633	950,040
Accumulated other comprehensive loss	-19,574	-20,879	-14,148
Total Kate Spade & Company, stockholders' deficit, excluding treasury stock	1,372,266	1,332,175	1,260,775
Common stock in treasury, at cost 49,900,684, 53,501,234 and 56,488,599 shares	-1,305,957	-1,364,657	-1,430,957
Total stockholders' equity (deficit)	66,309	-32,482	-170,182
Total Liabilities and Stockholders' Equity (Deficit)	$936,638	$977,511	$826,281

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Apr. 05, 2014	Dec. 28, 2013	Mar. 30, 2013
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01	$0.01
Preferred stock, authorized shares	50,000,000	50,000,000	50,000,000
Preferred stock, issued shares	0	0	0
Common stock, par value (in dollars per share)	$1	$1	$1
Common stock, authorized shares	250,000,000	250,000,000	250,000,000
Common stock, issued shares	176,437,234	176,437,234	176,437,234
Common stock in treasury, shares	49,900,684	53,501,234	56,488,599

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS	'	'
Net Sales	$328,091	$245,687
Cost of goods sold	146,624	104,631
Gross Profit	181,467	141,056
Selling, general & administrative expenses	224,549	163,091
Operating Loss	-43,082	-22,035
Other expense, net	-251	-1,905
Loss on sales of trademarks, net	'	-1,274
Loss on extinguishment of debt	'	-1,108
Interest expense, net	-9,522	-12,341
(Loss) Income Before Provision for Income Taxes	-52,855	-38,663
Provision for income taxes	1,807	954
Loss from Continuing Operations	-54,662	-39,617
Discontinued operations, net of income taxes	100,832	-12,557
Net Income (Loss)	$46,170	($52,174)
(Loss) Earnings per share:Basic and Diluted	'	'
Loss from continuing operations (in dollars per share)	($0.44)	($0.33)
Net Income (Loss) (in dollars per share)	$0.37	($0.44)
Weighted Average Shares, Basic and Diluted (in shares)	124,403	119,032

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Net Income (Loss)	$46,170	($52,174)
Other Comprehensive Income (Loss), Net of Income Taxes:	'	'
Cumulative translation adjustment, net of income taxes of $0	1,685	-4,545
Change in fair value of cash flow hedges, net of income taxes of $(232) and $288, respectively	-380	471
Comprehensive Income (Loss)	$47,475	($56,248)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Cumulative translation adjustment, income taxes	$0	$0
Change in fair value of cash flow hedges, income taxes	($232)	$288

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Cash Flows from Operating Activities:	'	'
Net Income (Loss)	$46,170	($52,174)
Adjustments to arrive at loss from continuing operations	-100,832	12,557
Loss from continuing operations	-54,662	-39,617
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:	'	'
Depreciation and amortization	19,078	13,869
Loss on asset disposals and impairments, including streamlining initiatives, net	1,859	1,205
Share-based compensation	20,324	1,787
Gain on sales of trademarks	'	1,274
Loss on extinguishment of debt	'	1,108
Foreign currency (gains) losses, net	-874	6,242
Other, net	307	322
Changes in assets and liabilities:	'	'
(Increase) decrease in accounts receivable - trade, net	-685	18,934
Increase in inventories, net	-23,943	-7,399
(Increase) decrease in other current and non-current assets	-4,594	32
Decrease in accounts payable	-17,604	-12,721
Decrease in accrued expenses and other non-current liabilities	-19,386	-36,757
Net change in income tax assets and liabilities	-1,057	694
Net cash used in operating activities of discontinued operations	-17,353	-15,058
Net cash used in operating activities	-98,590	-66,085
Cash Flows from Investing Activities:	'	'
Net payments for dispositions	-7,747	'
Purchases of property and equipment	-27,921	-15,465
Payments for purchases of businesses	-32,268	'
Payments for in-store merchandise shops	-786	-232
Investments in and advances to equity investee	'	-3,000
Other, net	66	-52
Net cash provided by (used in) investing activities of discontinued operations	138,454	-7,801
Net cash provided by (used in) investing activities	69,798	-26,550
Cash Flows from Financing Activities:	'	'
Proceeds from borrowings under revolving credit agreement	1,908	136,385
Repayment of borrowings under revolving credit agreement	'	-92,301
Principal payments under capital lease obligations	-98	-1,161
Proceeds from exercise of stock options	30,336	395
Payment of deferred financing fees	-982	-444
Net cash provided by financing activities	31,164	42,874
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-533	-2,237
Net Change in Cash and Cash Equivalents	1,839	-51,998
Cash and Cash Equivalents at Beginning of Period	130,222	59,402
Cash and Cash Equivalents at End of Period	132,061	7,404
Less: Cash and Cash Equivalents Held for Sale	3,584	'
Cash and Cash Equivalents	$128,477	$7,404

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Apr. 05, 2014
BASIS OF PRESENTATION	'
BASIS OF PRESENTATION	'
	1.    BASIS OF PRESENTATION
	The Condensed Consolidated Financial Statements of Kate Spade & Company and its wholly-owned and majority-owned subsidiaries (the “Company”) included herein have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted from this report, as is permitted by such rules and regulations; however, the Company believes that its disclosures are adequate to make the information presented not misleading. It is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2013 Annual Report on Form 10-K. Information presented as of December 28, 2013 is derived from audited financial statements.
	Effective February 25, 2014, the Company completed its previously announced corporate name change from Fifth & Pacific Companies, Inc. to reflect the Company’s mono-brand focus following the sales of the Lucky Brand business and the sale of its JUICY COUTURE brandname and related intellectual property assets (the “Juicy Couture IP”). The Company’s stock trades on the New York Stock Exchange (“NYSE”) as Kate Spade & Company under the symbol “KATE.”
	The Company’s segment reporting structure reflects a brand-focused approach, designed to optimize the operational coordination and resource allocation of the Company’s businesses across multiple functional areas including specialty retail, retail outlets, e-commerce, concessions, wholesale apparel, wholesale non-apparel and licensing. The three reportable segments described below represent the Company’s brand-based activities for which separate financial information is available and which is utilized on a regular basis by the Company’s chief operating decision maker (“CODM”) to evaluate performance and allocate resources. In identifying the Company’s reportable segments, the Company considered economic characteristics, as well as products, customers, sales growth potential and long-term profitability. As such, the Company reports its operations in three reportable segments, as follows:
	·                  KATE SPADE segment – consists of the specialty retail, outlet, e-commerce, concession, wholesale apparel, wholesale non-apparel (including accessories, jewelry and handbags) and licensing operations of the kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands.
	·                  Adelington Design Group segment – consists of: (i) exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; (ii) the wholesale non-apparel operations of the TRIFARI brand and licensed KENSIE brand; (iii) the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands; and (iv) the licensed LIZ CLAIBORNE NEW YORK brand.
	·                  JUICY COUTURE segment – consists of the specialty retail, outlet, wholesale apparel, wholesale non-apparel, e-commerce and licensing operations of the JUICY COUTURE brand. The Company continues wind-down operations of the JUICY COUTURE brand, pursuant to the license agreement with ABG – Juicy LLC, an affiliate of Authentic Brands Group (“ABG”), as discussed below.
	On February 5, 2014, the Company, through its Kate Spade, LLC and Kate Spade Hong Kong Ltd. subsidiaries, reacquired existing KATE SPADE businesses in Southeast Asia from Globalluxe Kate Spade HK Limited (“Globalluxe”) for $32.3 million, including $2.3 million for working capital and other previously agreed adjustments (see Note 2 – Acquisition).
	On February 3, 2014, the Company sold 100.0% of the capital stock of Lucky Brand Dungarees, Inc. (“Lucky Brand”) to LBD Acquisition Company, LLC (“LBD Acquisition”), a Delaware limited liability company and affiliate of Leonard Green & Partners, L.P. (“Leonard Green”), for an aggregate payment of $225.0 million, comprised of $140.0 million cash consideration and a three-year $85.0 million note (the “Lucky Brand Note”) issued by Lucky Brand Dungarees, LLC (“Lucky Brand LLC”) at closing, subject to working capital and other adjustments (the “Lucky Brand Transaction”). The assets and liabilities of the former Lucky Brand business were segregated and reported as held for sale as of December 28, 2013 (see Note 3 – Discontinued Operations). The Lucky Brand Note matures in February 2017 and is guaranteed by substantially all of Lucky Brand LLC’s subsidiaries. The Lucky Brand Note is secured by second-priority lien on all accounts receivable and inventory of Lucky Brand LLC and the guarantor subsidiaries and a first-priority lien on all other collateral of Lucky Brand LLC and the guarantors. The accounts receivable and inventory secure Lucky Brand LLC’s asset-based revolving loan facility on a first-priority basis, and the other collateral secures that loan facility on a second-priority basis. The principal amount of the Lucky Brand Note increases by $5.0 million per year in equal monthly increments and bears cash interest of $8.0 million per year, payable semiannually in arrears. The Lucky Brand Note is prepayable at any time by Lucky Brand LLC without a prepayment premium, subject to certain restrictions as to the minimum amount that may be prepaid without the Company’s consent.
	On November 6, 2013, the Company completed the sale of the Juicy Couture IP to ABG for a total purchase price of $195.0 million. An additional payment may be payable to the Company in an amount of up to $10.0 million if certain conditions regarding future performance are achieved. The Juicy Couture IP is licensed back to the Company until December 31, 2014 to accommodate the wind-down of operations. JUICY COUTURE will pay guaranteed minimum royalties to ABG of $10.0 million during the term of the wind-down license. On March 29, 2014, the Company entered into an agreement to sell its JUICY COUTURE business in Europe to an operating partner of ABG for $8.6 million, subject to working capital adjustments. The transaction closed on April 7, 2014.
	The activities of the Company’s former Lucky Brand business and its JUICY COUTURE business in Europe have been segregated and reported as discontinued operations for all periods presented. The Company continues activities with certain JUICY COUTURE operations and therefore the remaining activities of that brand have not been presented as discontinued operations.
	Summarized financial data for the aforementioned brands that are classified as discontinued operations are provided in Note 3 – Discontinued Operations.
	In the opinion of management, the information furnished reflects all adjustments, all of which are of a normal recurring nature, necessary for a fair presentation of the results for the reported interim periods. Results of operations for interim periods are not necessarily indicative of results for the full year. Management has evaluated events or transactions that have occurred from the balance sheet date through the date the Company issued these financial statements.
	NATURE OF OPERATIONS
	Kate Spade & Company is engaged primarily in the design and marketing of a broad range of accessories and apparel. The Company’s fiscal year ends on the Saturday closest to December 31. The 2014 fiscal year, ending January 3, 2015, reflects a 53-week period, resulting in a 14-week, three-month period for the first quarter. The 2013 fiscal year, ending December 28, 2013, reflects a 52-week period, resulting in a 13-week, three-month period for the first quarter.
	PRINCIPLES OF CONSOLIDATION
	The Condensed Consolidated Financial Statements include the accounts of the Company. All inter-company balances and transactions have been eliminated in consolidation.
	USE OF ESTIMATES AND CRITICAL ACCOUNTING POLICIES
	The Company’s critical accounting policies are those that are most important to the portrayal of its financial condition and results of operations in conformity with US GAAP. These critical accounting policies are applied in a consistent manner. The Company’s critical accounting policies are summarized in Note 1 of Notes to Consolidated Financial Statements included in its Annual Report on Form 10-K for the fiscal year ended December 28, 2013.
	The application of critical accounting policies requires that the Company make estimates and assumptions about future events and apply judgments that affect the reported amounts of revenues and expenses. Estimates by their nature are based on judgments and available information. Therefore, actual results could materially differ from those estimates under different assumptions and conditions. The Company continues to monitor the critical accounting policies to ensure proper application of current rules and regulations. During the first quarter of 2014, there were no significant changes in the critical accounting policies discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2013.
	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS
	On December 29, 2013, the first day of the Company’s 2014 fiscal year, the Company adopted new accounting guidance on the presentation of unrecognized tax benefits, which requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or that the tax law of the applicable jurisdiction does not require the entity to use; and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The adoption of the new accounting guidance did not affect the Company’s financial position, results of operations or cash flows.

ACQUISITION

ACQUISITION	3 Months Ended
	Apr. 05, 2014
ACQUISITION	'
ACQUISITION	'
	2.    ACQUISITION
	On February 5, 2014, the Company, through its Kate Spade, LLC and Kate Spade Hong Kong Ltd. subsidiaries, reacquired existing KATE SPADE businesses in Southeast Asia from Globalluxe for a purchase price of $32.3 million, including $2.3 million for working capital and other previously agreed adjustments.
	In Hong Kong, Macau and Taiwan, the Company directly owns and operates the related businesses previously operated by Globalluxe. The Company’s distribution partner operates the KATE SPADE businesses in Singapore, Malaysia and Indonesia through distribution agreements and funded approximately $1.5 million to Globalluxe to acquire operating assets in certain regions. Globalluxe and its distribution partners operated six stores and one concession in Hong Kong, one concession in Taiwan, one store in Macau, two stores and one concession in Singapore, two stores in Malaysia, three stores and one concession in Indonesia, and two stores and six concessions in Thailand. Prior to the transaction, the Company maintained wholesale distribution to Globalluxe. Following the transaction, the Company maintains wholesale distribution to distributors who operate the businesses in Singapore, Malaysia, Indonesia and Thailand and recognizes direct-to-consumer sales in Hong Kong, Macau and Taiwan.
	The allocation of the purchase price to the assets acquired and liabilities assumed was based upon the estimated fair values at the date of acquisition. The excess of the purchase price over the net tangible and identifiable intangible assets is reflected as goodwill. Accordingly, the Company recorded $21.8 million of goodwill, which is reflected in the KATE SPADE reportable segment. The recorded goodwill is deductible for income tax purposes.
	The following table summarizes the estimated fair values of the assets acquired as of the acquisition date:
	In thousands
	Assets acquired:
	Current assets	$	3,549
	Property and equipment, net	1,267
	Goodwill and intangibles, net	26,592
	Other assets	860
	Total assets acquired	$	32,268
	The following table presents details of the acquired intangible assets:
	In thousands	Useful Life		Estimated Fair Value
	Reacquired distribution rights	1.7 years		$           4,500
	Retail customer list	3 years		256

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Apr. 05, 2014
DISCONTINUED OPERATIONS	'
DISCONTINUED OPERATIONS	'
	3.    DISCONTINUED OPERATIONS
	The Company completed the sale of Lucky Brand in February 2014. As discussed above, on April 7, 2014, the Company sold its JUICY COUTURE business in Europe.
	The components of Assets held for sale and Liabilities held for sale related to the JUICY COUTURE business in Europe as of April 5, 2014 and the former Lucky Brand business as of December 28, 2013 were as follows:
	In thousands	April 5, 2014			December 28, 2013
	Assets held for sale:
	Cash and cash equivalents	$	3,584		$	163
	Accounts receivable – trade, net	1,400			41,709
	Inventories, net	2,618			80,503
	Property and Equipment, net	601			68,533
	Other assets	3,079			11,146
	Assets held for sale	$	11,282		$	202,054
	Liabilities held for sale:
	Accounts payable	$	4,017		$	52,977
	Accrued expenses	1,039			27,773
	Other liabilities	2,572			15,620
	Liabilities held for sale	$	7,628		$	96,370
	The Company recorded pretax income (charges) of $105.3 million and $(12.7) million during the three months ended April 5, 2014 and March 30, 2013, respectively, to reflect the estimated difference between the carrying value of the net assets disposed and their estimated fair value, less costs to dispose, including transaction costs.
	Summarized results of discontinued operations are as follows:
		Three Months Ended
	In thousands	April 5, 2014				March 30, 2013
		(14 Weeks)				(13 Weeks)
	Net sales	$	46,109			$	126,088
	(Loss) income before provision for income taxes	$	(3,785	)		$	245
	Provision for income taxes	639				56
	(Loss) income from discontinued operations, net of income taxes	$	(4,424	)		$	189
	Gain (loss) on disposal of discontinued operations, net of income taxes	$	105,256			$	(12,746	)
	For the three months ended April 5, 2014 and March 30, 2013, the Company recorded charges of $7.5 million, which included $5.2 million of share-based compensation expense, and $0.1 million, respectively, related to its streamlining initiatives within Discontinued operations, net of income taxes.

STOCKHOLDERS_EQUITY_DEFICIT

STOCKHOLDERS' EQUITY (DEFICIT)	3 Months Ended
	Apr. 05, 2014
STOCKHOLDERS' EQUITY (DEFICIT)	'
STOCKHOLDERS' EQUITY (DEFICIT)	'
	4.    STOCKHOLDERS’ EQUITY (DEFICIT)
	Activity for the three months ended April 5, 2014 in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts was as follows:
	In thousands	Capital in Excess					Retained			Common Stock
		of Par Value					Earnings			in Treasury,
										at Cost
	Balance as of December 28, 2013		$	155,984			$	1,020,633		$	(1,364,657	)
	Net income		--				46,170			--
	Exercise of stock options		--				(24,111		)	54,447
	Restricted shares issued, net of cancellations and shares withheld for taxes		--				(8,827		)	4,253
	Share-based compensation		25,554				--			--
	Balance as of April 5, 2014		$	181,538			$	1,033,865		$	(1,305,957	)
	Activity for the three months ended March 30, 2013 in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts was as follows:
	In thousands	Capital in Excess					Retained			Common Stock
		of Par Value					Earnings			in Treasury,
										at Cost
	Balance as of December 29, 2012		$	147,018			$	1,071,551		$	(1,511,862	)
	Net loss		--				(52,174		)	--
	Exercise of stock options		--				(1,390		)	1,785
	Restricted shares issued, net of cancellations and shares withheld for taxes		--				(2,785		)	2,028
	Share-based compensation		2,080				--			--
	Exchange of Convertible Senior Notes, net		(652		)		(65,162		)	77,092
	Balance as of March 30, 2013		$	148,446			$	950,040		$	(1,430,957	)
	Accumulated other comprehensive (loss) income consisted of the following:
	In thousands	April 5, 2014				December 28, 2013				March 30, 2013
	Cumulative translation adjustment, net of income taxes of $0		$	(20,177	)		$	(21,862	)		$	(14,619	)
	Unrealized gains on cash flow hedging derivatives, net of income taxes of $370, $602 and $288, respectively		603				983				471
	Accumulated other comprehensive loss, net of income taxes		$	(19,574	)		$	(20,879	)		$	(14,148	)
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended April 5, 2014:
	In thousands	Cumulative Translation					Unrealized Gains on
		Adjustment					Cash Flow Hedging
							Derivatives
	Balance as of December 28, 2013		$	(21,862	)			$	983
	Other comprehensive income (loss) before reclassification		1,685					(141		)
	Amounts reclassified from accumulated other comprehensive income		--					(239		)
	Net current-period other comprehensive income (loss)		1,685					(380		)
	Balance as of April 5, 2014		$	(20,177	)			$	603
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended March 30, 2013:
	In thousands	Cumulative Translation					Unrealized Gains on
		Adjustment					Cash Flow Hedging
							Derivatives
	Balance as of December 29, 2012		$	(10,074	)			$	--
	Other comprehensive (loss) income before reclassification		(4,545		)			377
	Amounts reclassified from accumulated other comprehensive income		--					94
	Net current-period other comprehensive (loss) income		(4,545		)			471
	Balance as of March 30, 2013		$	(14,619	)			$	471

INVENTORIES_NET

INVENTORIES, NET	3 Months Ended
	Apr. 05, 2014
INVENTORIES, NET	'
INVENTORIES, NET	'
	5.    INVENTORIES, NET
	Inventories, net consisted of the following:
	In thousands	April 5, 2014		December 28, 2013		March 30, 2013
	Raw materials and work in process	$	1,569	$	1,028	$	1,087
	Finished goods	208,541		183,606		218,887
	Total inventories, net	$	210,110	$	184,634	$	219,974

PROPERTY_AND_EQUIPMENT_NET

PROPERTY AND EQUIPMENT, NET	3 Months Ended
	Apr. 05, 2014
PROPERTY AND EQUIPMENT, NET	'
PROPERTY AND EQUIPMENT, NET	'
	6.    PROPERTY AND EQUIPMENT, NET
	Property and equipment, net consisted of the following:
	In thousands		April 5, 2014		December 28, 2013		March 30, 2013
	Land and buildings (a)		$	9,300	$	9,300	$	45,988
	Machinery and equipment (b)		170,382		171,811		209,412
	Furniture and fixtures (b)		84,107		83,753		133,430
	Leasehold improvements (b)		179,620		173,207		257,773
			443,409		438,071		646,603
	Less: Accumulated depreciation and amortization (b)		287,626		289,000		425,939
	Total property and equipment, net		$	155,783	$	149,071	$	220,664
	(a)	The decrease in the balance compared to March 30, 2013 primarily reflected the sale-leaseback of the Company’s North Bergen, NJ office and West Chester, OH distribution center (the “Ohio Facility”).
	(b)	The decrease in the balance compared to March 30, 2013 primarily reflected the sale of the former Lucky Brand business and non-cash impairment charges recorded in the fourth quarter of 2013 associated with the wind-down of the JUICY COUTURE operations.
	Depreciation and amortization expense on property and equipment for the three months ended April 5, 2014 and March 30, 2013 was $16.2 million and $14.0 million, respectively, which included depreciation for property and equipment under capital leases of $0.2 million and $0.5 million, respectively. Property and equipment under capital leases was $9.3 million, $9.3 million and $22.6 million as of April 5, 2014, December 28, 2013 and March 30, 2013, respectively.
	During the third quarter of 2013, the Company sold the Ohio Facility for net proceeds of $20.3 million and entered into a sale-leaseback arrangement with the buyer for a 10-year term, which was classified as an operating lease. The Company realized a gain of $9.5 million associated with the sale-leaseback, which has been deferred and will be recognized as a reduction to Selling, general & administrative expenses (“SG&A”) over the lease term.
	During the second quarter of 2013, the Company sold its North Bergen, NJ office for net proceeds of $8.7 million. The Company entered into a sale-leaseback arrangement with the buyer for a 12-year term with two five-year renewal options, which was classified as a capital lease (see Note 11 – Commitments and Contingencies).

GOODWILL_AND_INTANGIBLES_NET

GOODWILL AND INTANGIBLES, NET	3 Months Ended
	Apr. 05, 2014
GOODWILL AND INTANGIBLES, NET	'
GOODWILL AND INTANGIBLES, NET	'
	7.     GOODWILL AND INTANGIBLES, NET
	The following tables disclose the carrying value of all intangible assets:
	In thousands		Weighted			April 5, 2014				December 28, 2013				March 30, 2013
			Average
			Amortization
			Period
	Amortized intangible assets:
	Gross carrying amount:
	Owned trademarks		5 years			$	2,000			$	2,000			$	1,479
	Customer relationships		11 years			7,545				7,273				7,370
	Merchandising rights (a)		4 years			6,856				6,087				15,407
	Reacquired rights (b)		2 years			16,037				11,299				12,607
	Other		4 years			2,322				2,322				2,322
	Subtotal					34,760				28,981				39,185
	Accumulated amortization:
	Owned trademarks					(200		)		(100		)		(1,396		)
	Customer relationships					(4,245		)		(4,022		)		(3,374		)
	Merchandising rights					(2,918		)		(2,595		)		(9,845		)
	Reacquired rights					(5,898		)		(4,394		)		(1,751		)
	Other					(2,129		)		(2,092		)		(1,979		)
	Subtotal					(15,390		)		(13,203		)		(18,345		)
	Net:
	Owned trademarks					1,800				1,900				83
	Customer relationships					3,300				3,251				3,996
	Merchandising rights					3,938				3,492				5,562
	Reacquired rights					10,139				6,905				10,856
	Other					193				230				343
	Total amortized intangible assets, net					19,370				15,778				20,840
	Unamortized intangible assets:
	Owned trademarks (c)					74,900				74,900				107,500
	Total intangible assets					$	94,270			$	90,678			$	128,340
	Goodwill (b)					$	71,914			$	49,111			$	54,706
	(a)	The decrease in the balance compared to March 30, 2013 primarily reflected the sale of the Lucky Brand business and the impairment of the JUICY COUTURE merchandising rights.
	(b)	The increase in the balance compared to March 30, 2013 primarily reflected the reacquired existing KATE SPADE businesses in Southeast Asia (see Note 2 – Acquisition).
	(c)	The decrease in the balance compared to March 30, 2013 primarily reflected the sale of the Juicy Couture IP (see Note 1 – Basis of Presentation), a non-cash impairment charge of $3.3 million in the Company’s Adelington Design Group segment related to the TRIFARI trademark and the reclassification of the remaining carrying value of such trademark to an amortized intangible asset in the third quarter of 2013.
	Amortization expense of intangible assets was $2.2 million and $1.6 million for the three months ended April 5, 2014 and March 30, 2013, respectively.
	The estimated amortization expense for intangible assets for the next five fiscal years is as follows:
	Fiscal Year		Amortization Expense
	(In millions)
	2014		$	7.9
	2015			6.7
	2016			1.7
	2017			1.3
	2018			0.8
	The changes in carrying amount of goodwill for the three months ended April 5, 2014 were as follows:
	In thousands		KATE SPADE						Adelington					Total
									Design Group
	Balance as of December 28, 2013			$		47,664				$	1,447				$	49,111
	Acquisition of existing KATE SPADE businesses in Southeast Asia			21,836						--					21,836
	Translation adjustment			1,003						(36		)			967
	Balance as of April 5, 2014			$	70,503					$	1,411				$	71,914
	The changes in carrying amount of goodwill for the three months ended March 30, 2013 were as follows:
	In thousands		KATE SPADE					Adelington					Total
								Design Group
	Balance as of December 29, 2012			$	58,669				$	1,554				$	60,223
	Translation adjustment			(5,486		)			(31		)			(5,517		)
	Balance as of March 30, 2013			$	53,183				$	1,523				$	54,706

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Apr. 05, 2014
INCOME TAXES	'
INCOME TAXES	'
	8.    INCOME TAXES
	During the first quarter of 2014 and 2013, the Company continued to record a full valuation allowance on deferred tax assets in most jurisdictions due to the combination of its history of pretax losses and its inability to carry back tax losses or credits.
	The Company’s provision for income taxes for the three months ended April 5, 2014 and March 30, 2013 primarily represented increases in deferred tax liabilities for indefinite-lived intangible assets, current tax on operations in certain jurisdictions and an increase in the accrual for interest related to uncertain tax positions.
	The number of years with open tax audits varies depending upon the tax jurisdiction. The major tax jurisdictions include the US, Japan, United Kingdom, Canada and Brazil. The Company is no longer subject to US Federal examination by the Internal Revenue Service (“IRS”) for the years before 2006 and, with a few exceptions, this applies to tax examinations by state authorities for the years before 2009. As a result of a 2009 US Federal tax law change extending the carryback period from two to five years and the Company’s carryback of its 2009 tax loss to 2004 and 2005, the IRS has the ability to re-open its past examinations of 2004 and 2005. In addition, the IRS and other taxing authorities can also subject the Company’s net operating loss carryforwards to further review when such net operation loss carryforwards are utilized.
	The Company expects a reduction in the liability for unrecognized tax benefits by an amount between $71.7 million and $73.8 million within the next 12 months due to either settlement or the expiration of the statute of limitations. As of April 5, 2014, uncertain tax positions of $84.1 million exist, which would provide an effective rate impact in the future if subsequently recognized.

DEBT_AND_LINES_OF_CREDIT

DEBT AND LINES OF CREDIT	3 Months Ended
	Apr. 05, 2014
DEBT AND LINES OF CREDIT	'
DEBT AND LINES OF CREDIT	'
	9.    DEBT AND LINES OF CREDIT
	Long-term debt consisted of the following:
	In thousands		April 5, 2014			December 28, 2013		March 30, 2013
	6.0% Convertible Senior Notes, due June 2014 (a)		$	--		$	--	$	8,150
	10.5% Senior Secured Notes, due April 2019		381,799			382,209		383,312
	Revolving credit facility		4,900			2,997		44,084
	Capital lease obligations (b)		8,896			8,995		3,184
	Total debt		395,595			394,201		438,730
	Less: Short-term borrowings (c)		5,322			3,407		47,268
	Convertible Notes (d)		--			--		8,150
	Long-term debt		$	390,273		$	390,794	$	383,312
	(a)	The decrease in the balance compared to March 30, 2013 reflected the exchange of the remaining aggregate principal amount of the 6.0% Convertible Senior Notes due June 2014 (the “Convertible Notes”) during 2013. The balance at March 30, 2013 represented principal of $8.8 million and an unamortized debt discount of $0.6 million.
	(b)	The increase in the balance compared to March 30, 2013 primarily reflected the sale-leaseback for the office building in North Bergen, NJ during the second quarter of 2013, partially offset by the expiration of a capital lease for machinery and equipment during the fourth quarter of 2013.
	(c)	At April 5, 2014, December 28, 2013 and March 30, 2013, the balance consisted of outstanding borrowings under the Company’s amended and restated revolving credit facility (as amended to date, the “Amended Facility”) and obligations under capital leases.
	(d)	The Convertible Notes were reflected as a current liability since they were convertible at March 30, 2013.
	Convertible Notes
	During the first quarter of 2013, a holder of $11.2 million aggregate principal amount of the Convertible Notes converted all of such outstanding Convertible Notes into 3,171,670 shares of the Company’s common stock. The Company recognized $1.1 million pretax loss on the extinguishment of debt related to the Convertible Notes in the first quarter of 2013.
	Senior Notes
	On April 7, 2011, the Company completed an offering of $220.0 million principal amount of 10.5% Senior Secured Notes (the “Original Notes,” together with the June 2012 issuance of $152.0 million aggregate principal amount of 10.5% Senior Notes (the “Additional Notes”), the “Senior Notes”). The Company used the net proceeds of $212.9 million from such issuance of the Original Notes primarily to fund a tender offer of 128.5 million euro aggregate principal amount of 5.0% Euro Notes due July 8, 2013 (the “Euro Notes”) on April 8, 2011. The remaining proceeds were used for general corporate purposes. On June 8, 2012, the Company completed the offering of the Additional Notes, at 108.25% of par value. The Company used a portion of the net proceeds of $160.6 million from the offering of the Additional Notes to repay outstanding borrowings under its Amended Facility and to fund the redemption of 52.9 million euro aggregate principal amount of Euro Notes on July 12, 2012. The Company used the remaining proceeds to fund a portion of the acquisition of a 51.0% interest in Kate Spade Japan Co., Ltd (“KSJ”).
	The Senior Notes mature on April 15, 2019 and are guaranteed on a senior secured basis by certain of the Company’s current and future domestic subsidiaries. The Senior Notes and the guarantees are secured on a first-priority basis by a lien on certain of the Company’s trademarks and on a second-priority basis by the other assets of the Company and of the guarantors that secure the Company’s Amended Facility.
	The indenture governing the Senior Notes contains provisions that may require the Company to offer to repurchase the Senior Notes at 101% of their aggregate principal amount upon certain defined “Change of Control” events. In addition, the indenture may require that the proceeds from sales of the Company’s assets (subject to various exceptions and the ability of the Company to apply the proceeds to repay indebtedness or reinvest in its business) be used to offer to repurchase the Senior Notes at 100% of their aggregate principal amount. The indenture also contains other standard high-yield debt covenants, which limit the Company’s ability to incur additional indebtedness, incur additional liens, make asset sales, make dividend payments and investments, make payments and other transfers between itself and its subsidiaries, enter into affiliate transactions and merge or consolidate with other entities.
	Pursuant to registration rights agreements executed as part of the offering of Original Notes and the Additional Notes, the Company was required to complete SEC-registered offers to issue new Senior Notes (with substantially the same terms and principal amount) in exchange for the Original Notes and the Additional Notes. The Company was required to pay additional interest on the Senior Notes through the completion of the exchange offers on March 20, 2013. All accrued and unpaid additional interest was paid (together with regular interest on the Senior Notes) on April 15, 2013.
	On March 14, 2014, the Company issued a conditional redemption notice (the “Notice”) with respect to the Senior Notes. Pursuant to the Notice, the Company gave holders of the Senior Notes notice that it would redeem up to $37.2 million aggregate principal amount of the Senior Notes (the “Redemption Notes”) at a price equal to 103.0% of the aggregate principal amount of the Redemption Notes, plus accrued interest. Such redemption occurred on April 14, 2014. The remaining principal amount of the Senior Notes of $334.8 million was redeemed in the second quarter of 2014 with the proceeds for a term loan issuance (see Note 20 – Subsequent Events).
	Amended Facility
	In April 2013, the Company completed a third amendment to and restatement of its revolving credit facility (as amended to date, the “Amended Facility”), which extended the maturity date from August 2014 to April 2018. Availability under the Amended Facility shall be the lesser of $350.0 million and a borrowing base that is computed monthly and comprised of the Company’s eligible cash, accounts receivable and inventory. The Amended Facility also includes a swingline subfacility of $55.0 million, a multicurrency subfacility of $100.0 million and the option to expand the facility by up to $100.0 million under certain specified conditions. A portion of the facility provided under the Amended Facility of up to $200.0 million is available for the issuance of letters of credit, and standby letters of credit may not exceed $65.0 million in the aggregate. The Amended Facility allows two borrowing options: one borrowing option with interest rates based on euro currency rates and a second borrowing option with interest rates based on the alternate base rate, as defined in the Amended Facility, with a spread based on the aggregate availability under the Amended Facility.
	The Amended Facility is guaranteed by substantially all of the Company’s domestic subsidiaries and certain of the Company’s foreign subsidiaries and secured by a first priority lien on substantially all of the assets of the Company and the other borrowers and guarantors (other than certain trademark collateral in which the holders of the Company’s Senior Notes have a first priority lien, which trademark collateral secures the obligations under the Amended Facility on a second priority lien basis).
	The Amended Facility restricts the Company’s ability to, among other things, incur indebtedness, grant liens, issue cash dividends, enter into mergers, consolidations, liquidations and dissolutions, change lines of business, make investments and acquisitions and sell assets, in each case subject to certain designated exceptions. In addition, the amended terms and conditions: (i) provide for a decrease in fees and interest rates (including eurocurrency spreads of 1.75% to 2.25% over LIBOR, depending on the level of availability); (ii) provide improved advance rates on eligible inventory; (iii) require the Company to maintain pro forma compliance with a fixed charge coverage ratio of 1.0:1.0 on a trailing 12 month basis if minimum aggregate borrowing availability falls below $35.0 million, or 10.0% of the commitments then in effect; (iv) require the Company to apply substantially all cash collections to reduce outstanding borrowings under the Amended Facility when availability under such facility falls below the greater of $40.0 million and 12.5% of the lesser of the borrowing base and aggregate commitments; (v) permit the acquisition of certain joint venture interests and certain distribution territories; (vi) decrease specified aggregate availability conditions to making certain other investments; and (vii) permit certain other acquisitions, investments, restricted payments, debt prepayments and incurrence of unsecured indebtedness if the Company is able to satisfy specified payment conditions.
	Effective November 6, 2013, the Company entered into an amendment to the Amended Facility to permit the sale of the Juicy Couture IP and permit the Company to add back to Adjusted EBITDA such cash restructuring and transition charges associated with that transaction in the calculation of certain covenants included in the Company’s debt and credit facilities.
	Effective February 3, 2014, the Company entered into an amendment to the Amended Facility to permit the sale of the former Lucky Brand business.
	The funds available under the Amended Facility may be used for working capital and for general corporate purposes, including refinancing, repayment, repurchase and cash settlement of certain existing indebtedness. Acquisitions and other investments are permitted, subject to certain payment conditions. The Amended Facility contains customary events of default clauses and cross-default provisions with respect to the Company’s other outstanding indebtedness, including the Senior Notes.
	The Company currently believes that the financial institutions under the Amended Facility are able to fulfill their commitments, although such ability to fulfill commitments will depend on the financial condition of the Company’s lenders at the time of borrowing.
	As of April 5, 2014, availability under the Company’s Amended Facility was as follows:
	In thousands		Total		Borrowing		Outstanding	Letters of		Available	Excess
			Facility (a)		Base (a)		Borrowings	Credit Issued		Capacity	Capacity (b)
	Revolving credit facility (a)		$ 350,000		$215,997		$4,900	$18,388		$192,709	$157,709
	(a)	Availability under the Amended Facility is the lesser of $350.0 million or a borrowing base comprised primarily of eligible cash, accounts receivable and inventory.
	(b)	Excess capacity represents available capacity reduced by the minimum required aggregate borrowing availability under the prior Amended Facility of $35.0 million.
	Capital Lease Obligations
	In the second quarter of 2013, the Company entered into a sale-leaseback agreement for its office building in North Bergen, NJ, which included a sale price of $8.7 million and total lease payments of $26.9 million over a 12-year lease term. The Company’s capital lease obligations of $8.9 million and $9.0 million as of April 5, 2014 and December 28, 2013, respectively, included $0.4 million within Short-term borrowings on the accompanying Condensed Consolidated Balance Sheets.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Apr. 05, 2014
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	10.     FAIR VALUE MEASUREMENTS
	The Company utilizes the following three level hierarchy that defines the assumptions used to measure certain assets and liabilities at fair value:
	Level 1 –	Quoted market prices in active markets for identical assets or liabilities;
	Level 2 –	Inputs other than Level 1 inputs that are either directly or indirectly observable; and
	Level 3 –	Unobservable inputs developed using estimates and assumptions developed by the Company, which reflect those that a market participant would use.
	The following table presents the financial assets and liabilities the Company measured at fair value on a recurring basis, based on the fair value hierarchy:
			Level 2
	In thousands		April 5, 2014			December 28, 2013				March 30, 2013
	Financial Assets:
	Derivatives		$	1,052		$	1,701			$	608
	Financial Liabilities:
	Derivatives		$	--		$	--			$	(157	)
	The fair values of the Company’s Level 2 derivative instruments were primarily based on observable forward exchange rates. Unobservable quantitative inputs used in the valuation of the Company’s derivative instruments included volatilities, discount rates and estimated credit losses.
	The following table presents the non-financial assets the Company measured at fair value on a non-recurring basis in 2013, based on such fair value hierarchy:
			Net Carrying		Fair Value Measured and Recorded at								Total Losses
			Value as of		Reporting Date Using:								for the Three
													Months Ended
	In thousands		March 30, 2013		Level 1			Level 2			Level 3		March 30, 2013
	Property and equipment		$	27	$	--		$	--		$	27	$	667
	As a result of a decision to revise the Company’s plan to outsource its distribution function (see Note 12 - Streamlining Initiatives), an impairment analysis was performed on certain property and equipment. The Company determined that a portion of the assets exceeded their fair values, resulting in an impairment charge, which was recorded in SG&A on the accompanying Condensed Consolidated Statement of Operations.
	The fair values of the Company’s Level 3 Property and equipment are based on either a market approach or an income approach using the Company’s forecasted cash flows over the estimated useful lives of such assets, as appropriate.
	The fair values and carrying values of the Company’s debt instruments are detailed as follows:
			April 5, 2014					December 28, 2013					March 30, 2013
	In thousands		Fair Value		Carrying			Fair Value			Carrying		Fair Value		Carrying
					Value						Value				Value
	6.0% Convertible Senior Notes, due June 2014 (a)		$	--	$	--		$	--		$	--	$	46,312	$	8,150
	10.5% Senior Secured Notes due April 2019 (a)		392,460		381,799			400,830			382,209		417,570		383,312
	Revolving credit facility (b)		4,900		4,900			2,997			2,997		44,084		44,084
	(a)              Carrying values include unamortized debt discount or premium.
	(b)              Borrowings under the revolving credit facility bear interest based on market rate; accordingly its fair value approximates its carrying value.
	The fair values of the Company’s debt instruments were estimated using market observable inputs, including quoted prices in active markets, market indices and interest rate measurements. Within the hierarchy of fair value measurements, these are Level 2 fair values. The fair values of cash and cash equivalents, receivables and accounts payable approximate their carrying values due to the short-term nature of these instruments. The estimated fair value of the Lucky Brand Note approximates its carrying value.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Apr. 05, 2014
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	11.    COMMITMENTS AND CONTINGENCIES
	Buying/Sourcing
	During the first quarter of 2009, the Company entered into an agreement with Hong Kong-based, global consumer goods exporter Li & Fung, whereby Li & Fung was appointed as the Company’s buying/sourcing agent for all of the Company’s brands and products (other than jewelry) and the Company received a payment of $75.0 million at closing and an additional payment of $8.0 million in the second quarter of 2009 to offset specific, incremental, identifiable expenses associated with the transaction. The Company’s agreement with Li & Fung provides for a refund of a portion of the closing payment in certain limited circumstances, including a change of control of the Company, the divestiture of any current brand, or certain termination events. The Company is also obligated to use Li & Fung as its buying/sourcing agent for a minimum value of inventory purchases each year through the termination of the agreement in 2019. Since 2009, the Company has completed various disposition transactions, including the licensing arrangements with J.C. Penney Corporation, Inc. (“JCPenney”) in the US and Puerto Rico and with QVC, Inc. (“QVC”), the sales of the KENSIE, KENSIE GIRL and MAC & JAC trademarks, the sale of the Juicy Couture IP and the sale of Lucky Brand, which resulted in the removal of buying/sourcing for such products from the Li & Fung buying/sourcing arrangement. As a result, the Company refunded $24.3 million of the closing payment in the second quarter of 2010 and $1.8 million in the second quarter of 2012 and settled $6.0 million in the fourth quarter of 2013. The Company was not required to make any payments to Li & Fung as a result of the sale of Lucky Brand. In addition, the Company’s agreement with Li & Fung is not exclusive; however, the Company is required to source a specified percentage of product purchases from Li & Fung.
	Leases
	In connection with the disposition of the Lucky Brand business, LIZ CLAIBORNE Canada retail stores, the LIZ CLAIBORNE branded outlet stores in the US and Puerto Rico and certain Mexx Canada retail stores, an aggregate of 277 store leases were assigned to or assumed by third parties, for which the Company remains secondarily liable for the remaining obligations on 208 such leases. As of April 5, 2014, the future aggregate payments under these leases amounted to $195.9 million and extended to various dates through 2025.
	On November 19, 2013, the Company entered into an agreement to terminate the lease of its JUICY COUTURE flagship store on Fifth Avenue in New York City in exchange for $51.0 million, which is expected to be completed in the second quarter of 2014.
	During the second quarter of 2013, the Company entered into a sale-leaseback agreement for its North Bergen, NJ office with a 12-year term and two five-year renewal options. This leaseback was classified as a capital lease and recorded at fair value. As of April 5, 2014, the estimated future minimum lease payments under the noncancelable capital lease were as follows:
	In millions
	2014	$	1,495
	2015	2,036
	2016	2,089
	2017	2,141
	2018	2,194
	Thereafter	15,328
	Total	25,283
	Less: Amounts representing interest and executory costs	(16,387		)
	Net present values	8,896
	Less: Capital lease obligations included in short-term debt	(422		)
	Long-term capital lease obligations	$	8,474
	Other
	The Company is a party to various pending legal proceedings and claims. Although the outcome of any such actions cannot be determined with certainty, management is of the opinion that the final outcome of any of these actions should not have a material adverse effect on the Company’s financial position, results of operations, liquidity or cash flows.

STREAMLINING_INITIATIVES

STREAMLINING INITIATIVES	3 Months Ended
	Apr. 05, 2014
STREAMLINING INITIATIVES	'
STREAMLINING INITIATIVES	'
	12.    STREAMLINING INITIATIVES
	2014 Actions
	In connection with the sale of the Juicy Couture IP and former Lucky Brand business, the Board of Directors of the Company approved various changes to its senior management, which resulted in charges related to severance in the first quarter of 2014. As discussed in Note 17 – Share-Based Compensation, the Company’s Compensation Committee approved the continued vesting of unvested options and restricted stock awards without any required service period or the accelerated vesting of such awards for former employees, including former executive officers. In addition, as a result of the reduction of office space in the Company’s former New York office, the Company recorded charges related to contract terminations and other charges in the first quarter of 2014.
	2013 Actions
	In connection with the sale of the Juicy Couture IP, the Company initiated actions to reduce staff at JUICY COUTURE during the fourth quarter of 2013. Also, as a result of the requirement to wind down the JUICY COUTURE operations, the Company expects to close JUICY COUTURE offices and retail locations that will not be converted to KATE SPADE stores. These actions resulted in charges related to asset impairments, severance and other items and are expected to be substantially completed by the end of the second quarter of 2014.
	2011 Actions
	In the second quarter of 2011, the Company initiated actions to close its Ohio distribution center (the “Ohio Facility”), which were expected to be completed in the fourth quarter of 2012. In August 2012, the Company encountered systems and operational issues that delayed the planned migration of the Company’s product distribution function out of the Ohio Facility. Subsequently, the Company determined that it would continue to use the Ohio Facility and discontinue the migration of the product distribution function to Li & Fung, and the Company mutually agreed with Li & Fung to allow the distribution agreement with Li & Fung to expire as of January 31, 2013. On February 5, 2013, the Company entered into a contract with a third-party distribution center operations and labor management company to provide distribution operations services at the Ohio Facility. These actions resulted in charges related to contract terminations, severance, asset impairments and other charges and were substantially completed in the second quarter of 2013.
	For the three months ended April 5, 2014, the Company recorded pretax charges totaling $33.8 million related to these initiatives. The Company expects to pay approximately $16.7 million of accrued streamlining costs in the next 12 months. For the three months ended March 30, 2013, the Company recorded pretax charges of $4.7 million related to these initiatives, including $2.4 million of payroll and related costs, $0.2 million of contract termination costs, $0.7 million of asset write-downs and disposals and $1.4 million of other costs. Approximately $17.5 million and $0.7 million of these charges were non-cash during the three months ended April 5, 2014 and March 30, 2013, respectively.
	For the three months ended April 5, 2014 and March 30, 2013, expenses associated with the Company’s streamlining actions were primarily recorded in SG&A on the accompanying Condensed Consolidated Statements of Operations and impacted reportable segments and Corporate as follows:
			Three Months Ended
	In thousands		April 5, 2014			March 30, 2013
			(14 Weeks)			(13 Weeks)
	KATE SPADE		$	2,097		$	694
	Adelington Design Group		103			329
	JUICY COUTURE		1,597			2,248
	Lucky Brand (a)		--			1,065
	Corporate		29,968			372
	Total		$	33,765		$	4,708
	(a)	Represents restructuring charges principally related to distribution functions that are not directly attributable to Lucky Brand and therefore have not been included in discontinued operations.
	A summary rollforward of the liability for streamlining initiatives is as follows:
	In thousands		Payroll and			Contract			Asset			Other Costs			Total
			Related Costs			Termination			Write-Downs
						Costs
	Balance at December 28, 2013		$	10,094		$	2,115		$	--		$	11,877		$	24,086
	2014 provision (a)		29,401			4,582			958			(1,176		)	33,765
	2014 asset write-downs		--			--			(958		)	--			(958		)
	2014 spending (a)		(32,890		)	(255		)	--			145			(33,000		)
	Balance at April 5, 2014 (b)		$	6,605		$	6,442		$	--		$	10,846		$	23,893
	(a)	Payroll and related costs and spending include $16.5 million of non-cash share-based compensation expense.
	(b)	The balance in other costs at April 5, 2014 includes $10.1 million for a withdrawal liability incurred in 2011 related to a multi-employer pension plan that the Company will pay through June 1, 2016.

EARNINGS_PER_COMMON_SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Apr. 05, 2014
EARNINGS PER COMMON SHARE	'
EARNINGS PER COMMON SHARE	'
	13.    EARNINGS PER COMMON SHARE
	The following table sets forth the computation of basic and diluted earnings per common share (“EPS”).
			Three Months Ended
	In thousands		April 5, 2014			March 30, 2013
			(14 Weeks)			(13 Weeks)
	Loss from continuing operations		$	(54,662	)	$	(39,617	)
	Income (loss) from discontinued operations, net of income taxes		100,832			(12,557		)
	Net income (loss)		$	46,170		$	(52,174	)
	Basic weighted average shares outstanding		124,403			119,032
	Stock options and nonvested shares (a)(b)		--			--
	Convertible Notes(c)		--			--
	Diluted weighted average shares outstanding		124,403			119,032
	(Loss) Earnings per share:
	Basic and Diluted
	Loss from continuing operations		$	(0.44	)	$	(0.33	)
	Income (loss) from discontinued operations		$	0.81		$	(0.11	)
	Net income (loss)		$	0.37		$	(0.44	)
	(a)	Because the Company incurred a loss from continuing operations for the three months ended April 5, 2014 and March 30, 2013, approximately 1.7 million and 5.6 million outstanding stock options and approximately 1.7 million and 0.4 million outstanding nonvested shares were considered antidilutive for such periods, and excluded from the computation of diluted loss per share.
	(b)	Excludes approximately 1.1 million nonvested shares for the three months ended March 30, 2013, for which the performance criteria have not yet been achieved.
	(c)	Because the Company incurred a loss from continuing operations for the three months ended March 30, 2013, approximately 3.3 million potentially dilutive shares issuable upon conversion of the Convertible Notes were considered antidilutive for such period, and were excluded from the computation of diluted loss per share.

ADDITIONAL_FINANCIAL_INFORMATI

ADDITIONAL FINANCIAL INFORMATION	3 Months Ended
	Apr. 05, 2014
ADDITIONAL FINANCIAL INFORMATION	'
ADDITIONAL FINANCIAL INFORMATION	'
	14.    ADDITIONAL FINANCIAL INFORMATION
	Licensing-Related Transactions
	In the fourth quarter of 2011, the Company completed various disposal or sale transactions, including: (i) the sale of the global trademark rights for the LIZ CLAIBORNE family of brands and the trademark rights in the United States and Puerto Rico for the MONET brand to JCPenney for $267.5 million and (ii) the sale of the DANA BUCHMAN trademark to Kohl’s and the sale of the KENSIE, KENSIE GIRL and MAC & JAC trademarks to an affiliate of Bluestar, for aggregate consideration of $39.8 million.
	In November 2011, in connection with the Company’s sale of its LIZ CLAIBORNE brand and certain rights to its MONET brand to JCPenney, the Company entered into an agreement with JCPenney to develop exclusive brands for JCPenney, which included payment to the Company of a $20.0 million refundable advance. The agreement terminated by its terms without being exercised on February 1, 2013, and the $20.0 million advance was refunded to JCPenney on February 8, 2013, pursuant to the terms of the agreement.
	In connection with these transactions, the Company maintains: (i) an exclusive supplier arrangement to provide JCPenney with LIZ CLAIBORNE and MONET branded jewelry; (ii) a royalty free license through July 2020 for the LIZ CLAIBORNE NEW YORK brand, which is sold exclusively at QVC through the 2009 previously existing license between the Company and QVC; (iii) a royalty-free license through July 2020 to use the LIZWEAR brand to design, manufacture and distribute LIZWEAR-branded products to the club store channel; and (iv) an exclusive license to produce and sell jewelry under the KENSIE brand name.
	Condensed Consolidated Statements of Cash Flows Supplementary Disclosures
	During the three months ended April 5, 2014 and March 30, 2013, the Company had net income tax payments of $2.9 million and $0.3 million, respectively and made interest payments of $0.7 million and $0.7 million, respectively. As of April 5, 2014, December 28, 2013 and March 30, 2013, the Company accrued capital expenditures totaling $8.9 million, $13.3 million and $3.5 million, respectively.
	Depreciation and amortization expense for the three months ended April 5, 2014 and March 30, 2013 included $1.2 million and $2.1 million, respectively, related to amortization of deferred financing costs.
	On February 3, 2014, the Company received a three-year $85.0 million note issued by Lucky Brand LLC (see Note 1 – Basis of Presentation), which is reflected in Note Receivable on the accompanying Condensed Consolidated Balance Sheet.
	During the first quarter of 2013, a holder of $11.2 million aggregate principal amount of the Convertible Notes converted all of such outstanding Convertible Notes into 3,171,670 shares of the Company’s common stock.
	During the first quarter of 2013, the Company refunded the $20.0 million advance to JCPenney, which was included within Decrease in accrued expenses and other non-current liabilities on the accompanying Condensed Consolidated Statement of Cash Flows.
	Related Party Transactions
	In June 2011, the Company established a joint venture in China with E-Land Fashion China Holdings, Limited. The joint venture is a Hong Kong limited liability company and its purpose is to market and distribute small leather goods and other fashion products and accessories in China under the KATE SPADE brand. The joint venture operates under the name of KS China Co., Limited (“KSC”) for an initial 10 year period and commenced operations in the fourth quarter of 2011. The Company accounts for its 40.0% interest in KSC under the equity method of accounting. The Company made capital contributions of $5.5 million to KSC in 2013, of which $3.0 million was paid in the first quarter of 2013.
	The Company’s equity in (loss) earnings of its equity investee was $(0.3) million in the first quarter of 2014 and 2013. As of April 5, 2014, December 28, 2013 and March 30, 2013, the Company recorded $9.1 million, $9.4 million and $7.8 million, respectively, related to its investments in KSC, which was included in Other assets on the accompanying Condensed Consolidated Balance Sheets.
	Subsequent to the sale of its former global Mexx business, the Company retained a noncontrolling ownership interest in such business until the third quarter of 2013 and accounted for its investment at cost. The Company’s cost investment was valued at $10.0 million as of March 30, 2013 and was included in Other assets on the accompanying Condensed Consolidated Balance Sheet.

SEGMENT_REPORTING

SEGMENT REPORTING	3 Months Ended
	Apr. 05, 2014
SEGMENT REPORTING	'
SEGMENT REPORTING	'
	15.    SEGMENT REPORTING
	The Company’s segment reporting structure reflects a brand-focused approach, designed to optimize the operational coordination and resource allocation of the Company’s businesses across multiple functional areas including specialty retail, retail outlets, e-commerce, concessions, wholesale apparel, wholesale non-apparel and licensing. The three reportable segments described below represent the Company’s brand-based activities for which separate financial information is available and which is utilized on a regular basis by the Company’s CODM to evaluate performance and allocate resources. In identifying the Company’s reportable segments, the Company considers economic characteristics, as well as products, customers, sales growth potential and long-term profitability. As such, the Company configured its operations into the following three reportable segments, each reflecting the different financial missions, cultural profiles and focal points appropriate for these three reportable segments:
	·                  KATE SPADE segment – consists of the specialty retail, outlet, e-commerce, concession, wholesale apparel, wholesale non-apparel (including accessories, jewelry and handbags) and licensing operations of the kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands.
	·                  Adelington Design Group segment – consists of: (i) exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; (ii) the wholesale non-apparel operations of the TRIFARI brand and licensed KENSIE brand; (iii) the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands; and (iv) the licensed LIZ CLAIBORE NEW YORK brand.
	·                  JUICY COUTURE segment – consists of the specialty retail, outlet, wholesale apparel, wholesale non-apparel, e-commerce and licensing operations of the JUICY COUTURE brand. The Company continues wind-down operations of the JUICY COUTURE brand, pursuant to the license agreement with ABG.
	As discussed in Note 1 – Basis of Presentation, on February 3, 2014, the Company completed the sale of Lucky Brand.
	The Company’s Chief Executive Officer has been identified as the CODM. The Company’s measure of segment profitability is Adjusted EBITDA of each reportable segment. Accordingly, the CODM evaluates performance and allocates resources based primarily on Segment Adjusted EBITDA. Segment Adjusted EBITDA excludes: (i) depreciation and amortization; (ii) charges due to streamlining initiatives, brand-exiting activities and acquisition related costs; and (iii) losses on asset disposals and impairments. Unallocated Corporate costs also exclude non-cash share-based compensation expense. In addition, Segment Adjusted EBITDA does not include Corporate expenses associated with the following functions: corporate finance, investor relations, communications, legal, human resources and information technology shared services and costs of corporate facilities and the Company’s former executive offices, which are included in Unallocated Corporate costs. The Company does not allocate amounts reported below Operating loss to its reportable segments, other than equity income (loss) in the Company’s equity method investee. The Company’s definition of Segment Adjusted EBITDA may not be comparable to similarly titled measures of other companies.
	The accounting policies of the Company’s reportable segments are the same as those described in Note 1 – Basis of Presentation. There are no inter-segment sales or transfers. The Company also presents its results on a geographic basis based on selling location, between Domestic (wholesale customers, Company-owned specialty retail and outlet stores located in the United States and e-commerce sites) and International (wholesale customers and Company-owned specialty retail, outlet and concession stores located outside of the United States and e-commerce sites). The Company, as licensor, also licenses to third parties the right to produce and market products bearing certain Company-owned trademarks; the resulting royalty income is included within the results of the associated segment.
	Dollars in thousands		Net Sales				% to Total		Adjusted			% of Sales
									EBITDA (a)
	Three Months Ended April 5, 2014 (14 weeks)
	Reportable Segments:
	KATE SPADE		$	217,128			66.20%		$	32,269		14.90%
	Adelington Design Group		6,486				2.00%		427			6.60%
	JUICY COUTURE		104,477				31.80%		(19		)	--%
	Lucky Brand		--				-- %		54			--%
	Corporate		--				-- %		(15,275		)	--%
	Totals		$	328,091			100.00%
	Three Months Ended March 30, 2013 (13 weeks)
	Reportable Segments:
	KATE SPADE		$	140,963			57.40%		$	18,956		13.40%
	Adelington Design Group		15,486				6.30%		3,872			25.00%
	JUICY COUTURE		89,238				36.30%		(8,596		)	-9.60%
	Lucky Brand		--				--%		(660		)	--%
	Corporate		--				--%		(17,119		)	--%
	Totals		$	245,687			100.00%
	(a)	The Adjusted EBITDA of the Lucky Brand reportable segment represents expenses related principally to distribution functions that were included in the Lucky Brand historical results, but are not directly attributable to Lucky Brand and therefore, have not been included in discontinued operations.
	The following tables provide a reconciliation to Loss from Continuing Operations:
			Three Months Ended
	In thousands		April 5, 2014					March 30, 2013
			(14 Weeks)					(13 Weeks)
	Reportable Segments Adjusted EBITDA:
	KATE SPADE (a)			$	32,269				$	18,956
	Adelington Design Group			427					3,872
	JUICY COUTURE			(19		)			(8,596		)
	Lucky Brand			54					(660		)
	Total Reportable Segments Adjusted EBITDA			32,731					13,572
	Unallocated Corporate Costs			(15,275		)			(17,119		)
	Depreciation and amortization, net (b)			(15,223		)			(12,233		)
	Charges due to streamlining initiatives, brand-exiting activities, acquisition related costs and loss on asset disposals and impairments, net (c)			(25,289		)			(4,738		)
	Share-based compensation (d)			(20,324		)			(1,787		)
	Equity loss included in Reportable Segments Adjusted EBITDA			298					270
	Operating Loss			(43,082		)			(22,035		)
	Other expense, net (a)			(251		)			(1,905		)
	Loss on sales of trademarks			--					(1,274		)
	Loss on extinguishment of debt			--					(1,108		)
	Interest expense, net			(9,522		)			(12,341		)
	Provision for income taxes			1,807					954
	Loss from Continuing Operations			$	(54,662	)			$	(39,617	)
	(a)	Amounts include equity in the losses of the Company’s equity method investee of $0.3 million for the three months ended April 5, 2014 and March 30, 2013.
	(b)	Excludes amortization included in Interest expense, net.
	(c)	See Note 12 – Streamlining Initiatives for a discussion of streamlining charges.
	(d)	Includes share-based compensation expense of $16.5 million and $0.4 million in 2014 and 2013, respectively, that was classified as restructuring.
	GEOGRAPHIC DATA:
	Dollars in thousands		Net Sales			% to Total
	Three Months Ended April 5, 2014 (14 weeks)
	Domestic		$	275,480		84.00%
	International		52,611			16.00%
	Total		$	328,091		100.00%
	Three Months Ended March 30, 2013 (13 weeks)
	Domestic		$	214,746		87.40%
	International		30,941			12.60%
	Total		$	245,687		100.00%
There were no significant changes in segment assets during the three months ended April 5, 2014.

DERIVATIVE_INSTRUMENTS

DERIVATIVE INSTRUMENTS

3 Months Ended

Apr. 05, 2014

DERIVATIVE INSTRUMENTS

'

DERIVATIVE INSTRUMENTS

'

16.    DERIVATIVE INSTRUMENTS

In order to reduce exposures related to changes in foreign currency exchange rates, the Company utilizes foreign currency collars, forward contracts and swap contracts for the purpose of hedging the specific exposure to variability in forecasted cash flows associated primarily with inventory purchases mainly by KSJ. As of April 5, 2014, the Company had forward contracts maturing through March 2015 to sell 2.1 billion yen for $20.6 million.

The Company uses foreign currency forward contracts outside the cash flow hedging program to manage currency risk associated with intercompany loans. As of April 5, 2014, the Company had forward contracts to sell 4.0 billion yen for $39.2 million maturing through June 2014. Transaction (losses) gains of $(0.6) million and $4.0 million related to these derivative instruments were reflected within Other expense, net for the three months ended April 5, 2014 and March 30, 2013, respectively.

The following table summarizes the fair value and presentation in the Condensed Consolidated Financial Statements for derivatives designated as hedging instruments and derivatives not designated as hedging instruments:

Foreign Currency Contracts Designated as Hedging Instruments

In thousands

Asset Derivatives

Liability Derivatives

Period

Balance Sheet

Notional

Fair Value

Balance Sheet

Notional

Fair Value

Location

Amount

Location

Amount

April 5, 2014

Other current assets

$

12,750

$

609

Accrued expenses

$

7,850

$

--

December 28, 2013

Other current assets

21,050

1,317

Accrued expenses

--

--

March 30, 2013

Other current assets

16,303

608

Accrued expenses

--

--

Foreign Currency Contracts Not Designated as Hedging Instruments

In thousands

Asset Derivatives

Liability Derivatives

Period

Balance Sheet

Notional

Fair Value

Balance Sheet

Notional

Fair Value

Location

Amount

Location

Amount

April 5, 2014

Other current assets

$

39,154

$

443

Accrued expenses

$

--

$

--

December 28, 2013

Other current assets

38,403

384

Accrued expenses

--

--

March 30, 2013

Other current assets

--

--

Accrued expenses

42,277

157

The following table summarizes the effect of foreign currency exchange contracts on the Condensed Consolidated Financial Statements:

In thousands

Amount of Gain or

Location of Gain or

Amount of Gain or

Amount

(Loss) Recognized

(Loss) Reclassified

(Loss) Reclassified

Recognized in

in Accumulated

from Accumulated

from Accumulated

Operations on

OCI on Derivative

OCI into Operations

OCI into Operations

Derivative

(Effective Portion)

(Effective and

(Effective Portion)

(Ineffective

Ineffective Portion)

Portion)

Three months ended April 5, 2014 (14 weeks)

$

(227

)

Cost of goods sold

$

385

$

--

Three months ended March 30, 2013 (13 weeks)

768

Cost of goods sold

9

--

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Apr. 05, 2014
SHARE-BASED COMPENSATION	'
SHARE-BASED COMPENSATION	'
	17.    SHARE-BASED COMPENSATION
	The Company recognizes the cost of all employee share-based awards on a straight-line attribution basis over their respective vesting periods, net of estimated forfeitures.
	The Company issues stock options and restricted shares as well as shares with performance features to employees under share-based compensation plans. Stock options are issued at the current market price, have a three-year vesting period and a contractual term of 7-10 years.
	Compensation expense for restricted shares, including shares with performance features, is measured at fair value on the date of grant based on the number of shares granted and the quoted market price of the Company’s common stock. Such value is recognized as expense over the vesting period of the award, net of estimated forfeitures.
	Compensation expense for restricted share units with performance features and a market condition is measured at fair value, subject to the market condition on the date of grant and based on the number of shares expected to vest subject to the performance condition. Such value is recognized as expense over the vesting period of the award, net of estimated forfeitures.
	During the first quarter of 2014, the Company’s Compensation Committee approved the continued vesting of unvested options and restricted stock awards without any required service period or the accelerated vesting of such awards for former employees, including former executive officers, upon their separation from the Company. Compensation expense related to the Company’s share-based payment awards totaled $20.3 million, which included $16.5 million that was classified as restructuring, and $1.8 million for the three months ended April 5, 2014 and March 30, 2013, respectively.
	Stock Options
	The Company utilizes the Binomial lattice pricing model to estimate the fair value of options granted. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates and to allow for actual exercise behavior of option holders.
			Three Months Ended
	Valuation Assumptions:		March 30, 2013
	Weighted-average fair value of options granted		$9.39
	Historic volatility		63.30%
	Weighted-average volatility		63.30%
	Expected term (in years)		5.1
	Dividend yield		—
	Risk-free rate		0.2% to 3.8%
	Expected annual forfeiture		13.50%
	Expected volatilities are based on a term structure of implied volatility, which assumes changes in volatility over the life of an option. The Company utilizes historical optionee behavioral data to estimate the option exercise and termination rates that are used in the valuation model. The expected term represents an estimate of the period of time options are expected to remain outstanding. The expected term provided in the above table represents an option weighted-average expected term based on the estimated behavior of distinct groups of employees who received options in 2013. The range of risk-free rates is based on a forward curve of interest rates at the time of option grant.
	A summary of award activity under stock option plans as of April 5, 2014 and changes therein during the three month period then ended are as follows:
			Shares		Weighted		Weighted Average	Aggregate
					Average Exercise		Remaining	Intrinsic Value
					Price		Contractual Term	(In thousands)
	Outstanding at December 28, 2013		5,166,375		$	11.26	3.4	$	108,498
	Exercised		(3,376,940	)	8.98			88,098
	Cancelled/expired		(125,075	)	37.21
	Outstanding at April 5, 2014		1,664,360		$	13.94	3.9	$	35,057
	Vested or expected to vest at April 5, 2014		1,641,731		$	13.89	3.9	$	34,680
	Exercisable at April 5, 2014		775,610		$	15.33	2.5	$	15,488
	As of April 5, 2014, there were approximately 0.9 million nonvested stock options. The weighted average grant date fair value per award for nonvested stock options was $6.54.
	As of April 5, 2014, there was $1.5 million of total unrecognized compensation cost related to nonvested stock options granted under the Company’s stock option plans. That expense is expected to be recognized over a weighted average period of 1.2 years. The total fair value of shares vested during the three month periods ended April 5, 2014 and March 30, 2013 was $1.4 million and $2.7 million, respectively.
	Restricted Stock
	In the first quarter of 2014, the Company granted 1,239,639 market share units (“MSUs”) to a group of key executives with an aggregate grant date fair value of $62.0 million as staking grants (“Staking Grants”) and as part of an annual long-term incentive plan (“LTIP”). The Staking Grants have a grant date fair value of $52.2 million and vest 50% on the third anniversary of grant and 50% on the fifth anniversary of grant. The MSUs included in the LTIP represent a portion of the awards granted under that plan, have a grant date fair value of $9.8 million and vest 50% on each of the second and third anniversaries of the grant date. The MSUs issued as Staking Grants and as part of the LTIP have a minimum earnout of 30% of target. The MSUs earned will vary from 30% to 200% of the number of MSUs awarded depending on the actual performance of the Company’s stock price over the vesting periods.
	The fair value for the MSUs granted was calculated using the Monte Carlo simulation model. For the three months ended April 5, 2014, the following assumptions were used in determining fair value:
		Three Months Ended
	Valuation Assumptions:	April 5, 2014
	Weighted-average fair value	$49.98
	Expected volatility	52.3%
	Dividend yield	—
	Risk-free rate	1.68%
	Weighted-average expected annual forfeiture	4.60%
	The other portion of the LTIP consists of an award of 196,416 performance shares that vests on the third anniversary of the grant date. The number of performance shares earned will vary from zero to 200% of the number of awards granted depending on the Company’s Total Shareholder Return (“TSR”) relative to the TSR of the S&P Mid-Cap 400 Index. The performance shares have a grant date fair value of $8.6 million that was calculated using a Monte Carlo simulation model. For the three months ended April 5, 2014, the following assumptions were used in determining fair value:
		Three Months Ended
	Valuation Assumptions:	April 5, 2014
	Weighted-average fair value	$43.85
	Expected volatility	44.2%
	Dividend yield	—
	Risk-free rate	—
	Weighted-average expected annual forfeiture	3.90%
	In 2012, the Company granted 535,000 performance share units with a two year performance period and a three year service period, subject to a market condition adjustment, to a group of key executives. The performance criteria included certain earnings metrics for consecutive periods through December 2013. These awards were determined to be unearned by the Compensation Committee based upon the review of performance at the conclusion of fiscal 2013, and were cancelled according to their terms.
	A summary of award activity under restricted stock plans as of April 5, 2014 and changes therein during the three month period then ended are as follows:
		Shares	Weighted
			Average Grant
			Date Fair Value
	Nonvested stock at December 28, 2013	1,035,250	$	14.93
	Granted	1,525,805	48.31
	Vested	-367,750	17.4
	Cancelled (a)	-475,500	12.24
	Nonvested stock at April 5, 2014	1,717,805	$	44.79
	Expected to vest as of March April 5, 2014	1,420,665	$	45
	(a)       Includes performance shares granted to a group of key executives with certain performance conditions measured through December 2013 and a market and service condition through December 2014. These shares which were contingently issuable based on 2013 performance were deemed not earned and cancelled.
	As of April 5, 2014, there was $60.1 million of total unrecognized compensation cost related to nonvested stock awards granted under restricted stock plans. That expense is expected to be recognized over a weighted average period of 3.4 years. The total fair value of shares vested during the three month periods ended April 5, 2014 and March 30, 2013 was $6.4 million and $0.8 million, respectively.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Apr. 05, 2014
RECENT ACCOUNTING PRONOUNCEMENTS	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	18.    RECENT ACCOUNTING PRONOUNCEMENTS
	In April 2014, new accounting guidance on the reporting of discontinued operations was issued, which revises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. This guidance is effective for interim and annual periods beginning on or after December 15, 2014. Early adoption is permitted but only for disposals that have not been reported in financial statements previously issued. The adoption of the new guidance is not expected to affect the Company’s financial position, results of operations or cash flows.

SUPPLEMENTAL_CONDENSED_CONSOLI

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	3 Months Ended
	Apr. 05, 2014
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	'
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	'
	19.    SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION
	On April 7, 2011 and June 8, 2012, the Company completed its offerings of Senior Notes. The Senior Notes are jointly and severally, fully and unconditionally guaranteed on a senior secured basis by certain of the Company’s current and future domestic subsidiaries, each of which is 100% owned by Kate Spade & Company (the “Parent Company Issuer”). The Senior Notes and the guarantees are secured on a first-priority basis by a lien on certain of the Company’s trademarks and on a second-priority basis by the other assets of the Company and of the guarantors, which secure the Company’s Amended Facility on a first-priority basis.
	The following tables present the Condensed Consolidating Balance Sheets, the Condensed Consolidating Statements of Operations, the Condensed Consolidating Statements of Comprehensive Income (Loss) and the Condensed Consolidating Statements of Cash Flows, in each instance for the Parent Company Issuer, its guarantor subsidiaries and its non-guarantor subsidiaries.
	The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10 and Article 10. The financial information may not necessarily be indicative of results of operations, cash flows or financial position had the Parent Company Issuer, guarantor or non-guarantor subsidiaries operated as independent entities.
	Kate Spade & Company
	Condensed Consolidating Balance Sheets
	April 5, 2014
	(In thousands)
		Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
		Issuer				Subsidiaries				Subsidiaries								Company
	Assets
	Current Assets:
	Cash and cash equivalents		$	95,775			$	2,515			$	30,187			$	--			$	128,477
	Accounts receivable – trade, net		1,705				68,082				17,266				--				87,053
	Inventories, net		506				169,616				39,988				--				210,110
	Deferred income taxes		--				--				174				--				174
	Intercompany receivable		--				4,511				--				(4,511		)		--
	Other current assets		23,557				22,569				7,792				--				53,918
	Assets held for sale		--				--				11,282				--				11,282
	Total current assets		121,543				267,293				106,689				(4,511		)		491,014
	Property and Equipment, Net		25,266				106,970				23,547				--				155,783
	Goodwill		--				21,978				49,936				--				71,914
	Intangibles, Net		145				86,696				7,429				--				94,270
	Deferred Income Taxes		--				--				56				--				56
	Investments in Consolidated Subsidiaries		347,252				118,027				--				(465,279		)		--
	Intercompany Receivable		1,908				38,757				--				(40,665		)		--
	Note Receivable		85,877				--				--				--				85,877
	Other Assets		12,337				458				24,929				--				37,724
	Total Assets		$	594,328			$	640,179			$	212,586			$	(510,455	)		$	936,638
	Liabilities and Stockholders’ Equity (Deficit)
	Current Liabilities:
	Short-term borrowings		$	422			$	--			$	4,900			$	--			$	5,322
	Accounts payable		8,454				99,621				10,530				--				118,605
	Intercompany payable		12,633				--				42,888				(55,521		)		--
	Accrued expenses		78,837				83,294				11,110				--				173,241
	Income taxes payable		--				--				1,588				--				1,588
	Liabilities held for sale		--				--				7,628				--				7,628
	Total current liabilities		100,346				182,915				78,644				(55,521		)		306,384
	Long-Term Debt		390,273				--				--				--				390,273
	Intercompany Payable		--				--				54,275				(54,275		)		--
	Other Non-Current Liabilities		37,400				109,482				10,048				--				156,930
	Deferred Income Taxes		--				14,288				2,454				--				16,742
	Commitments and Contingencies
	Total Stockholders’ Equity (Deficit)		66,309				333,494				67,165				(400,659		)		66,309
	Total Liabilities and Stockholders’ Equity (Deficit)		$	594,328			$	640,179			$	212,586			$	(510,455	)		$	936,638
	Kate Spade & Company
	Condensed Consolidating Balance Sheets
	December 28, 2013
	(In thousands)
		Parent Company Issuer				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Kate Spade & Company
	Assets
	Current Assets:
	Cash and cash equivalents		$	97,387			$	8,031			$	24,804			$	--			$	130,222
	Accounts receivable – trade, net		4,096				69,315				16,143				--				89,554
	Inventories, net		75				152,813				31,746				--				184,634
	Deferred income taxes		--				--				218				--				218
	Intercompany receivable		--				10,033				--				(10,033		)		--
	Other current assets		11,919				25,511				7,601				--				45,031
	Assets held for sale		--				197,823				4,231				--				202,054
	Total current assets		113,477				463,526				84,743				(10,033		)		651,713
	Property and Equipment, Net		26,811				101,719				20,541				--				149,071
	Goodwill		--				--				49,111				--				49,111
	Intangibles, Net		159				82,550				7,969				--				90,678
Deferred Income Taxes		--				--				57				--				57
Investments in Consolidated Subsidiaries		337,519				131,851				--				(469,370		)		--
Intercompany Receivable		1,825				37,957				--				(39,782		)		--
Other Assets		12,877				449				23,555				--				36,881
Total Assets		$	492,668			$	818,052			$	185,976			$	(519,185	)		$	977,511
Liabilities and Stockholders’ (Deficit) Equity
Current Liabilities:
Short-term borrowings		$	410			$	--			$	2,997			$	--			$	3,407
Accounts payable		16,830				115,905				9,919				--				142,654
Intercompany payable		8,538				--				53,606				(62,144		)		--
Accrued expenses		66,733				122,295				11,150				--				200,178
Income taxes payable		--				--				2,631				--				2,631
Liabilities held for sale		8,614				87,724				32				--				96,370
Total current liabilities		101,125				325,924				80,335				(62,144		)		445,240
Long-Term Debt		390,794				--				--				--				390,794
Intercompany Payable		--				--				53,710				(53,710		)		--
Other Non-Current Liabilities		33,231				113,519				10,585				--				157,335
Deferred Income Taxes		--				13,804				2,820				--				16,624
Commitments and Contingencies
Total Stockholders’ (Deficit) Equity		(32,482		)		364,805				38,526				(403,331		)		(32,482		)
Total Liabilities and Stockholders’ (Deficit) Equity		$	492,668			$	818,052			$	185,976			$	(519,185	)		$	977,511
Kate Spade & Company
Condensed Consolidating Balance Sheets
March 30, 2013
(In thousands)
	Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
	Issuer				Subsidiaries				Subsidiaries								Company
Assets
Current Assets:
Cash and cash equivalents		$	--			$	2,632			$	13,434			$	(8,662	)		$	7,404
Accounts receivable – trade, net		3,588				83,994				14,908				--				102,490
Inventories, net		1,497				186,661				31,816				--				219,974
Deferred income taxes		--				--				1,490				--				1,490
Intercompany receivable		--				22,739				--				(22,739		)		--
Other current assets		18,711				25,403				6,715				--				50,829
Total current assets		23,796				321,429				68,363				(31,401		)		382,187
Property and Equipment, Net		5,889				188,743				26,032				--				220,664
Goodwill		--				--				54,706				--				54,706
Intangibles, Net		202				115,574				12,564				--				128,340
Deferred Income Taxes		--				--				133				--				133
Investments in Consolidated Subsidiaries		373,300				109,801				--				(483,101		)		--
Intercompany Receivable		2,108				42,353				--				(44,461		)		--
Other Assets		9,499				864				29,888				--				40,251
Total Assets		$	414,794			$	778,764			$	191,686			$	(558,963	)		$	826,281
Liabilities and Stockholders’ (Deficit) Equity
Current Liabilities:
Short-term borrowings		$	47,268			$	--			$	--			$	--			$	47,268
Convertible Senior Notes		8,150				--				--				--				8,150
Accounts payable		26,067				112,500				16,760				(8,662		)		146,665
Intercompany payable		6,408				--				71,440				(77,848		)		--
Accrued expenses		68,628				105,206				23,278				--				197,112
Income taxes payable		--				--				486				--				486
Deferred income taxes		--				--				231				--				231
Total current liabilities		156,521				217,706				112,195				(86,510		)		399,912
Long-Term Debt		383,312				--				--				--				383,312
Intercompany Payable		--				--				59,116				(59,116		)		--
Other Non-Current Liabilities		45,143				132,680				13,258				--				191,081
Deferred Income Taxes		--				17,450				4,708				--				22,158
Commitments and Contingencies
Total Stockholders’ (Deficit) Equity		(170,182		)		410,928				2,409				(413,337		)		(170,182		)
Total Liabilities and Stockholders’ (Deficit) Equity		$	414,794			$	778,764			$	191,686			$	(558,963	)		$	826,281
Kate Spade & Company
Condensed Consolidating Statements of Operations
Three Months Ended April 5, 2014
(In thousands)
	Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
	Issuer				Subsidiaries				Subsidiaries								Company
Net Sales		$	399			$	275,081			$	52,611			$	--			$	328,091
Cost of goods sold		111				126,471				20,042				--				146,624
Gross Profit		288				148,610				32,569				--				181,467
Selling, general & administrative expenses		1,910				189,543				33,096				--				224,549
Operating Loss		(1,622		)		(40,933		)		(527		)		--				(43,082		)
Other (expense) income, net		(581		)		83				247				--				(251		)
Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(43,103		)		(13,923		)		--				57,026				--
Interest (expense) income, net		(9,356		)		507				(673		)		--				(9,522		)
(Loss) Income Before Provision for Income Taxes		(54,662		)		(54,266		)		(953		)		57,026				(52,855		)
Provision for income taxes		--				866				941				--				1,807
(Loss) Income from Continuing Operations		(54,662		)		(55,132		)		(1,894		)		57,026				(54,662		)
Discontinued operations, net of income taxes		220,217				(117,234		)		(2,151		)		--				100,832
Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(119,385		)		(2,368		)		--				121,753				--
Net Income (Loss)		$	46,170			$	(174,734	)		$	(4,045	)		$	178,779			$	46,170
Kate Spade & Company
Condensed Consolidating Statements of Comprehensive Income (Loss)
Three Months Ended April 5, 2014
(In thousands)
	Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
	Issuer				Subsidiaries				Subsidiaries								Company
Net Income (Loss)		$	46,170			$	(174,734	)		$	(4,045	)		$	178,779			$	46,170
Other Comprehensive Income (Loss), Net of Income Taxes		1,305				1,743				1,231				(2,974		)		1,305
Comprehensive Income (Loss)		$	47,475			$	(172,991	)		$	(2,814	)		$	175,805			$	47,475
Kate Spade & Company
Condensed Consolidating Statements of Operations
Three Months Ended March 30, 2013
(In thousands)
	Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
	Issuer				Subsidiaries				Subsidiaries								Company
Net Sales		$	3,617			$	211,129			$	30,941			$	--			$	245,687
Cost of goods sold		2,357				91,270				11,004				--				104,631
Gross Profit		1,260				119,859				19,937				--				141,056
Selling, general & administrative expenses		1,421				139,558				22,112				--				163,091
Operating Loss		(161		)		(19,699		)		(2,175		)		--				(22,035		)
Other expense, net		(1,077		)		(15		)		(813		)		--				(1,905		)
Loss on sales of trademarks		(1,274		)		--				--				--				(1,274		)
Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(23,889		)		(5,811		)		--				29,700				--
Loss on extinguishment of debt		(1,108		)		--				--				--				(1,108		)
Interest (expense) income, net		(12,108		)		333				(566		)		--				(12,341		)
(Loss) Income Before Provision (Benefit) for Income Taxes		(39,617		)		(25,192		)		(3,554		)		29,700				(38,663		)
Provision (benefit) for income taxes		--				1,425				(471		)		--				954
(Loss) Income from Continuing Operations		(39,617		)		(26,617		)		(3,083		)		29,700				(39,617		)
Discontinued operations, net of income taxes		(3,570		)		2,142				(11,129		)		--				(12,557		)
Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(8,987		)		(10,584		)		--				19,571				--
Net (Loss) Income		$	(52,174	)		$	(35,059	)		$	(14,212	)		$	49,271			$	(52,174	)
Kate Spade & Company
Condensed Consolidating Statements of Comprehensive Loss
Three Months Ended March 30, 2013
(In thousands)
	Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
	Issuer				Subsidiaries				Subsidiaries								Company
Net (Loss) Income		$	(52,174	)		$	(35,059	)		$	(14,212	)		$	49,271			$	(52,174	)
Other Comprehensive (Loss) Income, Net of Income Taxes		(4,074		)		(3,778		)		(3,963		)		7,741				(4,074		)
Comprehensive (Loss) Income		$	(56,248	)		$	(38,837	)		$	(18,175	)		$	57,012			$	(56,248	)
Kate Spade & Company
Condensed Consolidating Statements of Cash Flows
Three Months Ended April 5, 2014
(In thousands)
	Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
	Issuer				Subsidiaries				Subsidiaries								Company
Net cash provided by (used in) operating activities		$	11,651			$	(103,274	)		$	(6,967	)		$	--			$	(98,590	)
Cash Flows from Investing Activities:
Net payments for dispositions		(7,747		)		--				--				--				(7,747		)
Purchases of property and equipment		(1,310		)		(22,757		)		(3,854		)		--				(27,921		)
Payments for purchases of businesses		--				(26,478		)		(5,790		)		--				(32,268		)
Payments for in-store merchandise shops		--				(633		)		(153		)		--				(786		)
(Increase) decrease in investments in and advances to consolidated subsidiaries		(177,446		)		141,577				35,869				--				--
Other, net		172				(55		)		(51		)		--				66
Net cash provided by (used in) investing activities of discontinued operations		139,707				(1,238		)		(15		)		--				138,454
Net cash (used in) provided by investing activities		(46,624		)		90,416				26,006				--				69,798
Cash Flows from Financing Activities:
Proceeds from borrowings under revolving credit agreement		24				--				1,884				--				1,908
Increase (decrease) in intercompany loans		4,012				4,722				(8,734		)		--				--
Principal payments under capital lease obligations		(98		)		--				--				--				(98		)
Proceeds from exercise of stock options		30,336				--				--				--				30,336
Payment of deferred financing fees		(946		)		--				(36		)		--				(982		)
Net cash provided by (used in) financing activities		33,328				4,722				(6,886		)		--				31,164
Effect of Exchange Rate Changes on Cash and Cash Equivalents		33				2,620				(3,186		)		--				(533		)
Net Change in Cash and Cash Equivalents		(1,612		)		(5,516		)		8,967				--				1,839
Cash and Cash Equivalents at Beginning of Period		97,387				8,031				24,804				--				130,222
Cash and Cash Equivalents at End of Period		95,775				2,515				33,771				--				132,061
Less: Cash and Cash Equivalents Held for Sale		--				--				3,584				--				3,584
Cash and Cash Equivalents		$	$95,775			$	2,515			$	30,187			$	--			$	128,477
Kate Spade & Company
Condensed Consolidating Statements of Cash Flows
Three Months Ended March 30, 2013
(In thousands)
	Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
	Issuer				Subsidiaries				Subsidiaries								Company
Net cash (used in) provided by operating activities		$	(24,527	)		$	(46,869	)		$	11,634			$	(6,323	)		$	(66,085	)
Cash Flows from Investing Activities:
Purchases of property and equipment		(1,216		)		(11,430		)		(2,819		)		--				(15,465		)
Payments for in-store merchandise shops		--				(148		)		(84		)		--				(232		)
Investments in and advances to equity investee		--				--				(3,000		)		--				(3,000		)
(Increase) decrease in investments in and advances to consolidated subsidiaries		(40,672		)		76,168				(35,496		)		--				--
Other, net		(269		)		214				3				--				(52		)
Net cash used in investing activities of discontinued operations		--				(5,310		)		(2,491		)		--				(7,801		)
Net cash (used in) provided by investing activities		(42,157		)		59,494				(43,887		)		--				(26,550		)
Cash Flows from Financing Activities:
Proceeds from borrowings under revolving credit agreement		136,385				--				--				--				136,385
Repayment of borrowings under revolving credit agreement		(92,301		)		--				--				--				(92,301		)
(Decrease) increase in intercompany loans		(1,259		)		(14,855		)		16,114				--				--
Principal payments under capital lease obligations		(1,161		)		--				--				--				(1,161		)
Proceeds from exercise of stock options		395				--				--				--				395
Payment of deferred financing fees		(444		)		--				--				--				(444		)
Net cash provided by (used in) financing activities		41,615				(14,855		)		16,114				--				42,874
Effect of Exchange Rate Changes on Cash and Cash Equivalents		(5,771		)		35				3,499				--				(2,237		)
Net Change in Cash and Cash Equivalents		(30,840		)		(2,195		)		(12,640		)		(6,323		)		(51,998		)
Cash and Cash Equivalents at Beginning of Period		30,840				4,827				26,074				(2,339		)		59,402
Cash and Cash Equivalents at End of Period		$	--			$	2,632			$	13,434			$	(8,662	)		$	7,404

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Apr. 05, 2014
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	20.    SUBSEQUENT EVENTS
	On April 10, 2014, the Company entered into a term loan credit agreement which provides for term loans in an aggregate principal amount of $400.0 million (collectively, the “Term Loan”) maturing in April 2021. The Term Loan is subject to amortization payments of $1.0 million per quarter, with the balance due at maturity. Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to LIBOR (with a floor of 1.0%) plus 3.0% per annum, payable in cash. The Company used the net proceeds to redeem all of the Company’s remaining outstanding Senior Notes on May 12, 2014 as discussed below.
	On April 10, 2014, the Company issued a conditional redemption notice (the “Second Notice”) with respect to its Senior Notes. Pursuant to the Second Notice, the Company gave holders of the Senior Notes notice that, subject to certain conditions, it would redeem up to $334.8 million aggregate principal amount of the Senior Notes at a price equal to 105.25% of their principal amount, plus accrued and unpaid interest. Such redemption occurred on May 12, 2014, and no Senior Notes remain outstanding.

BASIS_OF_PRESENTATION_Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Apr. 05, 2014
BASIS OF PRESENTATION	'
NATURE OF OPERATIONS	'
	NATURE OF OPERATIONS
	Kate Spade & Company is engaged primarily in the design and marketing of a broad range of accessories and apparel. The Company’s fiscal year ends on the Saturday closest to December 31. The 2014 fiscal year, ending January 3, 2015, reflects a 53-week period, resulting in a 14-week, three-month period for the first quarter. The 2013 fiscal year, ending December 28, 2013, reflects a 52-week period, resulting in a 13-week, three-month period for the first quarter.
PRINCIPLES OF CONSOLIDATION	'
	PRINCIPLES OF CONSOLIDATION
	The Condensed Consolidated Financial Statements include the accounts of the Company. All inter-company balances and transactions have been eliminated in consolidation.
USE OF ESTIMATES AND CRITICAL ACCOUNTING POLICIES	'
	USE OF ESTIMATES AND CRITICAL ACCOUNTING POLICIES
	The Company’s critical accounting policies are those that are most important to the portrayal of its financial condition and results of operations in conformity with US GAAP. These critical accounting policies are applied in a consistent manner. The Company’s critical accounting policies are summarized in Note 1 of Notes to Consolidated Financial Statements included in its Annual Report on Form 10-K for the fiscal year ended December 28, 2013.
	The application of critical accounting policies requires that the Company make estimates and assumptions about future events and apply judgments that affect the reported amounts of revenues and expenses. Estimates by their nature are based on judgments and available information. Therefore, actual results could materially differ from those estimates under different assumptions and conditions. The Company continues to monitor the critical accounting policies to ensure proper application of current rules and regulations. During the first quarter of 2014, there were no significant changes in the critical accounting policies discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2013.
RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS	'
	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS
	On December 29, 2013, the first day of the Company’s 2014 fiscal year, the Company adopted new accounting guidance on the presentation of unrecognized tax benefits, which requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or that the tax law of the applicable jurisdiction does not require the entity to use; and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The adoption of the new accounting guidance did not affect the Company’s financial position, results of operations or cash flows.

ACQUISITION_Tables

ACQUISITION (Tables)	3 Months Ended
	Apr. 05, 2014
ACQUISITION	'
Summary of the estimated fair values of the assets acquired	'
	In thousands
	Assets acquired:
	Current assets	$	3,549
	Property and equipment, net	1,267
	Goodwill and intangibles, net	26,592
	Other assets	860
	Total assets acquired	$	32,268
Schedule of the acquired intangible assets	'
	In thousands	Useful Life		Estimated Fair Value
	Reacquired distribution rights	1.7 years		$           4,500
	Retail customer list	3 years		256

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Apr. 05, 2014
DISCONTINUED OPERATIONS	'
Schedule of components of Assets held for sale and Liabilities held for sale	'
	In thousands	April 5, 2014			December 28, 2013
	Assets held for sale:
	Cash and cash equivalents	$	3,584		$	163
	Accounts receivable – trade, net	1,400			41,709
	Inventories, net	2,618			80,503
	Property and Equipment, net	601			68,533
	Other assets	3,079			11,146
	Assets held for sale	$	11,282		$	202,054
	Liabilities held for sale:
	Accounts payable	$	4,017		$	52,977
	Accrued expenses	1,039			27,773
	Other liabilities	2,572			15,620
	Liabilities held for sale	$	7,628		$	96,370
Summary of results of discontinued operations	'
		Three Months Ended
	In thousands	April 5, 2014				March 30, 2013
		(14 Weeks)				(13 Weeks)
	Net sales	$	46,109			$	126,088
	(Loss) income before provision for income taxes	$	(3,785	)		$	245
	Provision for income taxes	639				56
	(Loss) income from discontinued operations, net of income taxes	$	(4,424	)		$	189
	Gain (loss) on disposal of discontinued operations, net of income taxes	$	105,256			$	(12,746	)

STOCKHOLDERS_EQUITY_DEFICIT_Ta

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	3 Months Ended
	Apr. 05, 2014
STOCKHOLDERS' EQUITY (DEFICIT)	'
Schedule of activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts	'
	In thousands	Capital in Excess					Retained			Common Stock
		of Par Value					Earnings			in Treasury,
										at Cost
	Balance as of December 28, 2013		$	155,984			$	1,020,633		$	(1,364,657	)
	Net income		--				46,170			--
	Exercise of stock options		--				(24,111		)	54,447
	Restricted shares issued, net of cancellations and shares withheld for taxes		--				(8,827		)	4,253
	Share-based compensation		25,554				--			--
	Balance as of April 5, 2014		$	181,538			$	1,033,865		$	(1,305,957	)
	In thousands	Capital in Excess					Retained			Common Stock
		of Par Value					Earnings			in Treasury,
										at Cost
	Balance as of December 29, 2012		$	147,018			$	1,071,551		$	(1,511,862	)
	Net loss		--				(52,174		)	--
	Exercise of stock options		--				(1,390		)	1,785
	Restricted shares issued, net of cancellations and shares withheld for taxes		--				(2,785		)	2,028
	Share-based compensation		2,080				--			--
	Exchange of Convertible Senior Notes, net		(652		)		(65,162		)	77,092
	Balance as of March 30, 2013		$	148,446			$	950,040		$	(1,430,957	)
Schedule of accumulated other comprehensive (loss) income	'
	In thousands	April 5, 2014				December 28, 2013				March 30, 2013
	Cumulative translation adjustment, net of income taxes of $0		$	(20,177	)		$	(21,862	)		$	(14,619	)
	Unrealized gains on cash flow hedging derivatives, net of income taxes of $370, $602 and $288, respectively		603				983				471
	Accumulated other comprehensive loss, net of income taxes		$	(19,574	)		$	(20,879	)		$	(14,148	)
Schedule of the change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'
	In thousands	Cumulative Translation					Unrealized Gains on
		Adjustment					Cash Flow Hedging
							Derivatives
	Balance as of December 28, 2013		$	(21,862	)			$	983
	Other comprehensive income (loss) before reclassification		1,685					(141		)
	Amounts reclassified from accumulated other comprehensive income		--					(239		)
	Net current-period other comprehensive income (loss)		1,685					(380		)
	Balance as of April 5, 2014		$	(20,177	)			$	603
	In thousands	Cumulative Translation					Unrealized Gains on
		Adjustment					Cash Flow Hedging
							Derivatives
	Balance as of December 29, 2012		$	(10,074	)			$	--
	Other comprehensive (loss) income before reclassification		(4,545		)			377
	Amounts reclassified from accumulated other comprehensive income		--					94
	Net current-period other comprehensive (loss) income		(4,545		)			471
	Balance as of March 30, 2013		$	(14,619	)			$	471

INVENTORIES_NET_Tables

INVENTORIES, NET (Tables)	3 Months Ended
	Apr. 05, 2014
INVENTORIES, NET	'
Schedule of inventories, net	'
	In thousands	April 5, 2014		December 28, 2013		March 30, 2013
	Raw materials and work in process	$	1,569	$	1,028	$	1,087
	Finished goods	208,541		183,606		218,887
	Total inventories, net	$	210,110	$	184,634	$	219,974

PROPERTY_AND_EQUIPMENT_NET_Tab

PROPERTY AND EQUIPMENT, NET (Tables)	3 Months Ended
	Apr. 05, 2014
PROPERTY AND EQUIPMENT, NET	'
Schedule of property and equipment, net	'
	In thousands		April 5, 2014		December 28, 2013		March 30, 2013
	Land and buildings (a)		$	9,300	$	9,300	$	45,988
	Machinery and equipment (b)		170,382		171,811		209,412
	Furniture and fixtures (b)		84,107		83,753		133,430
	Leasehold improvements (b)		179,620		173,207		257,773
			443,409		438,071		646,603
	Less: Accumulated depreciation and amortization (b)		287,626		289,000		425,939
	Total property and equipment, net		$	155,783	$	149,071	$	220,664
	(a)	The decrease in the balance compared to March 30, 2013 primarily reflected the sale-leaseback of the Company’s North Bergen, NJ office and West Chester, OH distribution center (the “Ohio Facility”).
	(b)	The decrease in the balance compared to March 30, 2013 primarily reflected the sale of the former Lucky Brand business and non-cash impairment charges recorded in the fourth quarter of 2013 associated with the wind-down of the JUICY COUTURE operations.

GOODWILL_AND_INTANGIBLES_NET_T

GOODWILL AND INTANGIBLES, NET (Tables)	3 Months Ended
	Apr. 05, 2014
GOODWILL AND INTANGIBLES, NET	'
Schedule of carrying value of all intangible assets	'
	In thousands		Weighted			April 5, 2014				December 28, 2013				March 30, 2013
			Average
			Amortization
			Period
	Amortized intangible assets:
	Gross carrying amount:
	Owned trademarks		5 years			$	2,000			$	2,000			$	1,479
	Customer relationships		11 years			7,545				7,273				7,370
	Merchandising rights (a)		4 years			6,856				6,087				15,407
	Reacquired rights (b)		2 years			16,037				11,299				12,607
	Other		4 years			2,322				2,322				2,322
	Subtotal					34,760				28,981				39,185
	Accumulated amortization:
	Owned trademarks					(200		)		(100		)		(1,396		)
	Customer relationships					(4,245		)		(4,022		)		(3,374		)
	Merchandising rights					(2,918		)		(2,595		)		(9,845		)
	Reacquired rights					(5,898		)		(4,394		)		(1,751		)
	Other					(2,129		)		(2,092		)		(1,979		)
	Subtotal					(15,390		)		(13,203		)		(18,345		)
	Net:
	Owned trademarks					1,800				1,900				83
	Customer relationships					3,300				3,251				3,996
	Merchandising rights					3,938				3,492				5,562
	Reacquired rights					10,139				6,905				10,856
	Other					193				230				343
	Total amortized intangible assets, net					19,370				15,778				20,840
	Unamortized intangible assets:
	Owned trademarks (c)					74,900				74,900				107,500
	Total intangible assets					$	94,270			$	90,678			$	128,340
	Goodwill (b)					$	71,914			$	49,111			$	54,706
	(a)	The decrease in the balance compared to March 30, 2013 primarily reflected the sale of the Lucky Brand business and the impairment of the JUICY COUTURE merchandising rights.
	(b)	The increase in the balance compared to March 30, 2013 primarily reflected the reacquired existing KATE SPADE businesses in Southeast Asia (see Note 2 – Acquisition).
	(c)	The decrease in the balance compared to March 30, 2013 primarily reflected the sale of the Juicy Couture IP (see Note 1 – Basis of Presentation), a non-cash impairment charge of $3.3 million in the Company’s Adelington Design Group segment related to the TRIFARI trademark and the reclassification of the remaining carrying value of such trademark to an amortized intangible asset in the third quarter of 2013.
Schedule of estimated amortization expense for intangible assets for the next five fiscal years	'
	Fiscal Year		Amortization Expense
	(In millions)
	2014		$	7.9
	2015			6.7
	2016			1.7
	2017			1.3
	2018			0.8
Schedule of changes in carrying amount of goodwill	'
	In thousands		KATE SPADE						Adelington					Total
									Design Group
	Balance as of December 28, 2013			$		47,664				$	1,447				$	49,111
	Acquisition of existing KATE SPADE businesses in Southeast Asia			21,836						--					21,836
	Translation adjustment			1,003						(36		)			967
	Balance as of April 5, 2014			$	70,503					$	1,411				$	71,914
	In thousands		KATE SPADE					Adelington					Total
								Design Group
	Balance as of December 29, 2012			$	58,669				$	1,554				$	60,223
	Translation adjustment			(5,486		)			(31		)			(5,517		)
	Balance as of March 30, 2013			$	53,183				$	1,523				$	54,706

DEBT_AND_LINES_OF_CREDIT_Table

DEBT AND LINES OF CREDIT (Tables)	3 Months Ended
	Apr. 05, 2014
DEBT AND LINES OF CREDIT	'
Schedule of long-term debt	'
	In thousands		April 5, 2014			December 28, 2013		March 30, 2013
	6.0% Convertible Senior Notes, due June 2014 (a)		$	--		$	--	$	8,150
	10.5% Senior Secured Notes, due April 2019		381,799			382,209		383,312
	Revolving credit facility		4,900			2,997		44,084
	Capital lease obligations (b)		8,896			8,995		3,184
	Total debt		395,595			394,201		438,730
	Less: Short-term borrowings (c)		5,322			3,407		47,268
	Convertible Notes (d)		--			--		8,150
	Long-term debt		$	390,273		$	390,794	$	383,312
	(a)	The decrease in the balance compared to March 30, 2013 reflected the exchange of the remaining aggregate principal amount of the 6.0% Convertible Senior Notes due June 2014 (the “Convertible Notes”) during 2013. The balance at March 30, 2013 represented principal of $8.8 million and an unamortized debt discount of $0.6 million.
	(b)	The increase in the balance compared to March 30, 2013 primarily reflected the sale-leaseback for the office building in North Bergen, NJ during the second quarter of 2013, partially offset by the expiration of a capital lease for machinery and equipment during the fourth quarter of 2013.
	(c)	At April 5, 2014, December 28, 2013 and March 30, 2013, the balance consisted of outstanding borrowings under the Company’s amended and restated revolving credit facility (as amended to date, the “Amended Facility”) and obligations under capital leases.
	(d)	The Convertible Notes were reflected as a current liability since they were convertible at March 30, 2013.
Schedule of availability under the Company's Amended Facility	'
	In thousands		Total		Borrowing		Outstanding	Letters of		Available	Excess
			Facility (a)		Base (a)		Borrowings	Credit Issued		Capacity	Capacity (b)
	Revolving credit facility (a)		$ 350,000		$215,997		$4,900	$18,388		$192,709	$157,709
	(a)	Availability under the Amended Facility is the lesser of $350.0 million or a borrowing base comprised primarily of eligible cash, accounts receivable and inventory.
	(b)	Excess capacity represents available capacity reduced by the minimum required aggregate borrowing availability under the prior Amended Facility of $35.0 million.

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Apr. 05, 2014
FAIR VALUE MEASUREMENTS	'
Schedule of financial assets and liabilities of the Company measured at fair value on recurring basis	'
		Level 2
	In thousands	April 5, 2014			December 28, 2013				March 30, 2013
	Financial Assets:
	Derivatives	$	1,052		$	1,701			$	608
	Financial Liabilities:
	Derivatives	$	--		$	--			$	(157	)
Schedule of non-financial assets of the Company measured at fair value on non-recurring basis	'
		Net Carrying		Fair Value Measured and Recorded at								Total Losses
		Value as of		Reporting Date Using:								for the Three
												Months Ended
	In thousands	March 30, 2013		Level 1			Level 2			Level 3		March 30, 2013
	Property and equipment	$	27	$	--		$	--		$	27	$	667
Schedule of fair values and carrying values of the Company's debt instruments	'
		April 5, 2014					December 28, 2013					March 30, 2013
	In thousands	Fair Value		Carrying			Fair Value			Carrying		Fair Value		Carrying
				Value						Value				Value
	6.0% Convertible Senior Notes, due June 2014 (a)	$	--	$	--		$	--		$	--	$	46,312	$	8,150
	10.5% Senior Secured Notes due April 2019 (a)	392,460		381,799			400,830			382,209		417,570		383,312
	Revolving credit facility (b)	4,900		4,900			2,997			2,997		44,084		44,084
	(a)              Carrying values include unamortized debt discount or premium.
	(b)              Borrowings under the revolving credit facility bear interest based on market rate; accordingly its fair value approximates its carrying value.

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Apr. 05, 2014
COMMITMENTS AND CONTINGENCIES	'
Schedule of estimated future minimum lease payments under the noncancelable capital lease	'
	In millions
	2014	$	1,495
	2015	2,036
	2016	2,089
	2017	2,141
	2018	2,194
	Thereafter	15,328
	Total	25,283
	Less: Amounts representing interest and executory costs	(16,387		)
	Net present values	8,896
	Less: Capital lease obligations included in short-term debt	(422		)
	Long-term capital lease obligations	$	8,474

STREAMLINING_INITIATIVES_Table

STREAMLINING INITIATIVES (Tables)	3 Months Ended
	Apr. 05, 2014
STREAMLINING INITIATIVES	'
Schedule of expenses associated with the Company's streamlining actions	'
			Three Months Ended
	In thousands		April 5, 2014			March 30, 2013
			(14 Weeks)			(13 Weeks)
	KATE SPADE		$	2,097		$	694
	Adelington Design Group		103			329
	JUICY COUTURE		1,597			2,248
	Lucky Brand (a)		--			1,065
	Corporate		29,968			372
	Total		$	33,765		$	4,708
	(a)	Represents restructuring charges principally related to distribution functions that are not directly attributable to Lucky Brand and therefore have not been included in discontinued operations.
Summary rollforward of the liability for streamlining initiatives	'
	In thousands		Payroll and			Contract			Asset			Other Costs			Total
			Related Costs			Termination			Write-Downs
						Costs
	Balance at December 28, 2013		$	10,094		$	2,115		$	--		$	11,877		$	24,086
	2014 provision (a)		29,401			4,582			958			(1,176		)	33,765
	2014 asset write-downs		--			--			(958		)	--			(958		)
	2014 spending (a)		(32,890		)	(255		)	--			145			(33,000		)
	Balance at April 5, 2014 (b)		$	6,605		$	6,442		$	--		$	10,846		$	23,893
	(a)	Payroll and related costs and spending include $16.5 million of non-cash share-based compensation expense.
	(b)	The balance in other costs at April 5, 2014 includes $10.1 million for a withdrawal liability incurred in 2011 related to a multi-employer pension plan that the Company will pay through June 1, 2016.

EARNINGS_PER_COMMON_SHARE_Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Apr. 05, 2014
EARNINGS PER COMMON SHARE	'
Schedule of computation of basic and diluted earnings per common share ("EPS")	'
			Three Months Ended
	In thousands		April 5, 2014			March 30, 2013
			(14 Weeks)			(13 Weeks)
	Loss from continuing operations		$	(54,662	)	$	(39,617	)
	Income (loss) from discontinued operations, net of income taxes		100,832			(12,557		)
	Net income (loss)		$	46,170		$	(52,174	)
	Basic weighted average shares outstanding		124,403			119,032
	Stock options and nonvested shares (a)(b)		--			--
	Convertible Notes(c)		--			--
	Diluted weighted average shares outstanding		124,403			119,032
	(Loss) Earnings per share:
	Basic and Diluted
	Loss from continuing operations		$	(0.44	)	$	(0.33	)
	Income (loss) from discontinued operations		$	0.81		$	(0.11	)
	Net income (loss)		$	0.37		$	(0.44	)
	(a)	Because the Company incurred a loss from continuing operations for the three months ended April 5, 2014 and March 30, 2013, approximately 1.7 million and 5.6 million outstanding stock options and approximately 1.7 million and 0.4 million outstanding nonvested shares were considered antidilutive for such periods, and excluded from the computation of diluted loss per share.
	(b)	Excludes approximately 1.1 million nonvested shares for the three months ended March 30, 2013, for which the performance criteria have not yet been achieved.
	(c)	Because the Company incurred a loss from continuing operations for the three months ended March 30, 2013, approximately 3.3 million potentially dilutive shares issuable upon conversion of the Convertible Notes were considered antidilutive for such period, and were excluded from the computation of diluted loss per share.

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	3 Months Ended
	Apr. 05, 2014
SEGMENT REPORTING	'
Schedule of segment reporting information, by segment	'
	Dollars in thousands		Net Sales				% to Total		Adjusted			% of Sales
									EBITDA (a)
	Three Months Ended April 5, 2014 (14 weeks)
	Reportable Segments:
	KATE SPADE		$	217,128			66.20%		$	32,269		14.90%
	Adelington Design Group		6,486				2.00%		427			6.60%
	JUICY COUTURE		104,477				31.80%		(19		)	--%
	Lucky Brand		--				-- %		54			--%
	Corporate		--				-- %		(15,275		)	--%
	Totals		$	328,091			100.00%
	Three Months Ended March 30, 2013 (13 weeks)
	Reportable Segments:
	KATE SPADE		$	140,963			57.40%		$	18,956		13.40%
	Adelington Design Group		15,486				6.30%		3,872			25.00%
	JUICY COUTURE		89,238				36.30%		(8,596		)	-9.60%
	Lucky Brand		--				--%		(660		)	--%
	Corporate		--				--%		(17,119		)	--%
	Totals		$	245,687			100.00%
	(a)	The Adjusted EBITDA of the Lucky Brand reportable segment represents expenses related principally to distribution functions that were included in the Lucky Brand historical results, but are not directly attributable to Lucky Brand and therefore, have not been included in discontinued operations.
Schedule of reconciliation to Loss from Continuing Operations	'
			Three Months Ended
	In thousands		April 5, 2014					March 30, 2013
			(14 Weeks)					(13 Weeks)
	Reportable Segments Adjusted EBITDA:
	KATE SPADE (a)			$	32,269				$	18,956
	Adelington Design Group			427					3,872
	JUICY COUTURE			(19		)			(8,596		)
	Lucky Brand			54					(660		)
	Total Reportable Segments Adjusted EBITDA			32,731					13,572
	Unallocated Corporate Costs			(15,275		)			(17,119		)
	Depreciation and amortization, net (b)			(15,223		)			(12,233		)
	Charges due to streamlining initiatives, brand-exiting activities, acquisition related costs and loss on asset disposals and impairments, net (c)			(25,289		)			(4,738		)
	Share-based compensation (d)			(20,324		)			(1,787		)
	Equity loss included in Reportable Segments Adjusted EBITDA			298					270
	Operating Loss			(43,082		)			(22,035		)
	Other expense, net (a)			(251		)			(1,905		)
	Loss on sales of trademarks			--					(1,274		)
	Loss on extinguishment of debt			--					(1,108		)
	Interest expense, net			(9,522		)			(12,341		)
	Provision for income taxes			1,807					954
	Loss from Continuing Operations			$	(54,662	)			$	(39,617	)
	(a)	Amounts include equity in the losses of the Company’s equity method investee of $0.3 million for the three months ended April 5, 2014 and March 30, 2013.
	(b)	Excludes amortization included in Interest expense, net.
	(c)	See Note 12 – Streamlining Initiatives for a discussion of streamlining charges.
	(d)	Includes share-based compensation expense of $16.5 million and $0.4 million in 2014 and 2013, respectively, that was classified as restructuring.
Schedule of geographic data	'
	Dollars in thousands		Net Sales			% to Total
	Three Months Ended April 5, 2014 (14 weeks)
	Domestic		$	275,480		84.00%
	International		52,611			16.00%
	Total		$	328,091		100.00%
	Three Months Ended March 30, 2013 (13 weeks)
	Domestic		$	214,746		87.40%
	International		30,941			12.60%
	Total		$	245,687		100.00%

DERIVATIVE_INSTRUMENTS_Tables

DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Apr. 05, 2014

DERIVATIVE INSTRUMENTS

'

Summary of effect of foreign currency exchange contracts on Condensed Consolidated Financial Statements

'

In thousands

Amount of Gain or

Location of Gain or

Amount of Gain or

Amount

(Loss) Recognized

(Loss) Reclassified

(Loss) Reclassified

Recognized in

in Accumulated

from Accumulated

from Accumulated

Operations on

OCI on Derivative

OCI into Operations

OCI into Operations

Derivative

(Effective Portion)

(Effective and

(Effective Portion)

(Ineffective

Ineffective Portion)

Portion)

Three months ended April 5, 2014 (14 weeks)

$

(227

)

Cost of goods sold

$

385

$

--

Three months ended March 30, 2013 (13 weeks)

768

Cost of goods sold

9

--

Designated as hedging instruments

'

DERIVATIVE INSTRUMENTS

'

Summary of fair value and presentation in Condensed Consolidated Financial Statements for derivatives designated as hedging instruments and derivatives not designated as hedging instruments

'

Foreign Currency Contracts Designated as Hedging Instruments

In thousands

Asset Derivatives

Liability Derivatives

Period

Balance Sheet

Notional

Fair Value

Balance Sheet

Notional

Fair Value

Location

Amount

Location

Amount

April 5, 2014

Other current assets

$

12,750

$

609

Accrued expenses

$

7,850

$

--

December 28, 2013

Other current assets

21,050

1,317

Accrued expenses

--

--

March 30, 2013

Other current assets

16,303

608

Accrued expenses

--

--

Not designated as hedging instruments

'

DERIVATIVE INSTRUMENTS

'

Summary of fair value and presentation in Condensed Consolidated Financial Statements for derivatives designated as hedging instruments and derivatives not designated as hedging instruments

'

Foreign Currency Contracts Not Designated as Hedging Instruments

In thousands

Asset Derivatives

Liability Derivatives

Period

Balance Sheet

Notional

Fair Value

Balance Sheet

Notional

Fair Value

Location

Amount

Location

Amount

April 5, 2014

Other current assets

$

39,154

$

443

Accrued expenses

$

--

$

--

December 28, 2013

Other current assets

38,403

384

Accrued expenses

--

--

March 30, 2013

Other current assets

--

--

Accrued expenses

42,277

157

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Apr. 05, 2014
SHARE-BASED COMPENSATION	'
Schedule of valuation assumptions used to estimate fair value of stock options granted using the Binomial lattice pricing model	'
			Three Months Ended
	Valuation Assumptions:		March 30, 2013
	Weighted-average fair value of options granted		$9.39
	Historic volatility		63.30%
	Weighted-average volatility		63.30%
	Expected term (in years)		5.1
	Dividend yield		—
	Risk-free rate		0.2% to 3.8%
	Expected annual forfeiture		13.50%
Summary of award activity under stock option plans	'
			Shares		Weighted		Weighted Average	Aggregate
					Average Exercise		Remaining	Intrinsic Value
					Price		Contractual Term	(In thousands)
	Outstanding at December 28, 2013		5,166,375		$	11.26	3.4	$	108,498
	Exercised		(3,376,940	)	8.98			88,098
	Cancelled/expired		(125,075	)	37.21
	Outstanding at April 5, 2014		1,664,360		$	13.94	3.9	$	35,057
	Vested or expected to vest at April 5, 2014		1,641,731		$	13.89	3.9	$	34,680
	Exercisable at April 5, 2014		775,610		$	15.33	2.5	$	15,488
Schedule of valuation assumptions used to determine fair value for the MSUs granted using the Monte Carlo simulation model	'
		Three Months Ended
	Valuation Assumptions:	April 5, 2014
	Weighted-average fair value	$49.98
	Expected volatility	52.3%
	Dividend yield	—
	Risk-free rate	1.68%
	Weighted-average expected annual forfeiture	4.60%
Schedule of valuation assumptions used to determine fair value of performance share units granted using the Monte Carlo simulation model	'
		Three Months Ended
	Valuation Assumptions:	April 5, 2014
	Weighted-average fair value	$43.85
	Expected volatility	44.2%
	Dividend yield	—
	Risk-free rate	—
	Weighted-average expected annual forfeiture	3.90%
Summary of award activity under restricted stock plans	'
		Shares	Weighted
			Average Grant
			Date Fair Value
	Nonvested stock at December 28, 2013	1,035,250	$	14.93
	Granted	1,525,805	48.31
	Vested	-367,750	17.4
	Cancelled (a)	-475,500	12.24
	Nonvested stock at April 5, 2014	1,717,805	$	44.79
	Expected to vest as of March April 5, 2014	1,420,665	$	45
	(a)       Includes performance shares granted to a group of key executives with certain performance conditions measured through December 2013 and a market and service condition through December 2014. These shares which were contingently issuable based on 2013 performance were deemed not earned and cancelled.

SUPPLEMENTAL_CONDENSED_CONSOLI1

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	3 Months Ended
	Apr. 05, 2014
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	'
Schedule of condensed consolidating balance sheets	'
	Condensed Consolidating Balance Sheets
	April 5, 2014
	(In thousands)
		Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
		Issuer				Subsidiaries				Subsidiaries								Company
	Assets
	Current Assets:
	Cash and cash equivalents		$	95,775			$	2,515			$	30,187			$	--			$	128,477
	Accounts receivable – trade, net		1,705				68,082				17,266				--				87,053
	Inventories, net		506				169,616				39,988				--				210,110
	Deferred income taxes		--				--				174				--				174
	Intercompany receivable		--				4,511				--				(4,511		)		--
	Other current assets		23,557				22,569				7,792				--				53,918
	Assets held for sale		--				--				11,282				--				11,282
	Total current assets		121,543				267,293				106,689				(4,511		)		491,014
	Property and Equipment, Net		25,266				106,970				23,547				--				155,783
	Goodwill		--				21,978				49,936				--				71,914
	Intangibles, Net		145				86,696				7,429				--				94,270
	Deferred Income Taxes		--				--				56				--				56
	Investments in Consolidated Subsidiaries		347,252				118,027				--				(465,279		)		--
	Intercompany Receivable		1,908				38,757				--				(40,665		)		--
	Note Receivable		85,877				--				--				--				85,877
	Other Assets		12,337				458				24,929				--				37,724
	Total Assets		$	594,328			$	640,179			$	212,586			$	(510,455	)		$	936,638
	Liabilities and Stockholders’ Equity (Deficit)
	Current Liabilities:
	Short-term borrowings		$	422			$	--			$	4,900			$	--			$	5,322
	Accounts payable		8,454				99,621				10,530				--				118,605
	Intercompany payable		12,633				--				42,888				(55,521		)		--
	Accrued expenses		78,837				83,294				11,110				--				173,241
	Income taxes payable		--				--				1,588				--				1,588
	Liabilities held for sale		--				--				7,628				--				7,628
	Total current liabilities		100,346				182,915				78,644				(55,521		)		306,384
	Long-Term Debt		390,273				--				--				--				390,273
	Intercompany Payable		--				--				54,275				(54,275		)		--
	Other Non-Current Liabilities		37,400				109,482				10,048				--				156,930
	Deferred Income Taxes		--				14,288				2,454				--				16,742
	Commitments and Contingencies
	Total Stockholders’ Equity (Deficit)		66,309				333,494				67,165				(400,659		)		66,309
	Total Liabilities and Stockholders’ Equity (Deficit)		$	594,328			$	640,179			$	212,586			$	(510,455	)		$	936,638
	Condensed Consolidating Balance Sheets
	December 28, 2013
	(In thousands)
		Parent Company Issuer				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Kate Spade & Company
	Assets
	Current Assets:
	Cash and cash equivalents		$	97,387			$	8,031			$	24,804			$	--			$	130,222
	Accounts receivable – trade, net		4,096				69,315				16,143				--				89,554
	Inventories, net		75				152,813				31,746				--				184,634
	Deferred income taxes		--				--				218				--				218
	Intercompany receivable		--				10,033				--				(10,033		)		--
	Other current assets		11,919				25,511				7,601				--				45,031
	Assets held for sale		--				197,823				4,231				--				202,054
	Total current assets		113,477				463,526				84,743				(10,033		)		651,713
	Property and Equipment, Net		26,811				101,719				20,541				--				149,071
	Goodwill		--				--				49,111				--				49,111
	Intangibles, Net		159				82,550				7,969				--				90,678
	Deferred Income Taxes		--				--				57				--				57
	Investments in Consolidated Subsidiaries		337,519				131,851				--				(469,370		)		--
	Intercompany Receivable		1,825				37,957				--				(39,782		)		--
	Other Assets		12,877				449				23,555				--				36,881
	Total Assets		$	492,668			$	818,052			$	185,976			$	(519,185	)		$	977,511
	Liabilities and Stockholders’ (Deficit) Equity
Current Liabilities:
Short-term borrowings		$	410			$	--			$	2,997			$	--			$	3,407
Accounts payable		16,830				115,905				9,919				--				142,654
Intercompany payable		8,538				--				53,606				(62,144		)		--
Accrued expenses		66,733				122,295				11,150				--				200,178
Income taxes payable		--				--				2,631				--				2,631
Liabilities held for sale		8,614				87,724				32				--				96,370
Total current liabilities		101,125				325,924				80,335				(62,144		)		445,240
Long-Term Debt		390,794				--				--				--				390,794
Intercompany Payable		--				--				53,710				(53,710		)		--
Other Non-Current Liabilities		33,231				113,519				10,585				--				157,335
Deferred Income Taxes		--				13,804				2,820				--				16,624
Commitments and Contingencies
Total Stockholders’ (Deficit) Equity		(32,482		)		364,805				38,526				(403,331		)		(32,482		)
Total Liabilities and Stockholders’ (Deficit) Equity		$	492,668			$	818,052			$	185,976			$	(519,185	)		$	977,511
Condensed Consolidating Balance Sheets
March 30, 2013
(In thousands)
	Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
	Issuer				Subsidiaries				Subsidiaries								Company
Assets
Current Assets:
Cash and cash equivalents		$	--			$	2,632			$	13,434			$	(8,662	)		$	7,404
Accounts receivable – trade, net		3,588				83,994				14,908				--				102,490
Inventories, net		1,497				186,661				31,816				--				219,974
Deferred income taxes		--				--				1,490				--				1,490
Intercompany receivable		--				22,739				--				(22,739		)		--
Other current assets		18,711				25,403				6,715				--				50,829
Total current assets		23,796				321,429				68,363				(31,401		)		382,187
Property and Equipment, Net		5,889				188,743				26,032				--				220,664
Goodwill		--				--				54,706				--				54,706
Intangibles, Net		202				115,574				12,564				--				128,340
Deferred Income Taxes		--				--				133				--				133
Investments in Consolidated Subsidiaries		373,300				109,801				--				(483,101		)		--
Intercompany Receivable		2,108				42,353				--				(44,461		)		--
Other Assets		9,499				864				29,888				--				40,251
Total Assets		$	414,794			$	778,764			$	191,686			$	(558,963	)		$	826,281
Liabilities and Stockholders’ (Deficit) Equity
Current Liabilities:
Short-term borrowings		$	47,268			$	--			$	--			$	--			$	47,268
Convertible Senior Notes		8,150				--				--				--				8,150
Accounts payable		26,067				112,500				16,760				(8,662		)		146,665
Intercompany payable		6,408				--				71,440				(77,848		)		--
Accrued expenses		68,628				105,206				23,278				--				197,112
Income taxes payable		--				--				486				--				486
Deferred income taxes		--				--				231				--				231
Total current liabilities		156,521				217,706				112,195				(86,510		)		399,912
Long-Term Debt		383,312				--				--				--				383,312
Intercompany Payable		--				--				59,116				(59,116		)		--
Other Non-Current Liabilities		45,143				132,680				13,258				--				191,081
Deferred Income Taxes		--				17,450				4,708				--				22,158
Commitments and Contingencies
Total Stockholders’ (Deficit) Equity		(170,182		)		410,928				2,409				(413,337		)		(170,182		)
Total Liabilities and Stockholders’ (Deficit) Equity		$	414,794			$	778,764			$	191,686			$	(558,963	)		$	826,281
Schedule of condensed consolidating statements of operations	'
	Condensed Consolidating Statements of Operations
	Three Months Ended April 5, 2014
	(In thousands)
		Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
		Issuer				Subsidiaries				Subsidiaries								Company
	Net Sales		$	399			$	275,081			$	52,611			$	--			$	328,091
	Cost of goods sold		111				126,471				20,042				--				146,624
	Gross Profit		288				148,610				32,569				--				181,467
	Selling, general & administrative expenses		1,910				189,543				33,096				--				224,549
	Operating Loss		(1,622		)		(40,933		)		(527		)		--				(43,082		)
	Other (expense) income, net		(581		)		83				247				--				(251		)
	Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(43,103		)		(13,923		)		--				57,026				--
	Interest (expense) income, net		(9,356		)		507				(673		)		--				(9,522		)
	(Loss) Income Before Provision for Income Taxes		(54,662		)		(54,266		)		(953		)		57,026				(52,855		)
	Provision for income taxes		--				866				941				--				1,807
	(Loss) Income from Continuing Operations		(54,662		)		(55,132		)		(1,894		)		57,026				(54,662		)
	Discontinued operations, net of income taxes		220,217				(117,234		)		(2,151		)		--				100,832
	Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(119,385		)		(2,368		)		--				121,753				--
	Net Income (Loss)		$	46,170			$	(174,734	)		$	(4,045	)		$	178,779			$	46,170
	Condensed Consolidating Statements of Operations
	Three Months Ended March 30, 2013
	(In thousands)
		Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
		Issuer				Subsidiaries				Subsidiaries								Company
	Net Sales		$	3,617			$	211,129			$	30,941			$	--			$	245,687
	Cost of goods sold		2,357				91,270				11,004				--				104,631
	Gross Profit		1,260				119,859				19,937				--				141,056
	Selling, general & administrative expenses		1,421				139,558				22,112				--				163,091
	Operating Loss		(161		)		(19,699		)		(2,175		)		--				(22,035		)
	Other expense, net		(1,077		)		(15		)		(813		)		--				(1,905		)
	Loss on sales of trademarks		(1,274		)		--				--				--				(1,274		)
	Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(23,889		)		(5,811		)		--				29,700				--
	Loss on extinguishment of debt		(1,108		)		--				--				--				(1,108		)
	Interest (expense) income, net		(12,108		)		333				(566		)		--				(12,341		)
	(Loss) Income Before Provision (Benefit) for Income Taxes		(39,617		)		(25,192		)		(3,554		)		29,700				(38,663		)
	Provision (benefit) for income taxes		--				1,425				(471		)		--				954
	(Loss) Income from Continuing Operations		(39,617		)		(26,617		)		(3,083		)		29,700				(39,617		)
	Discontinued operations, net of income taxes		(3,570		)		2,142				(11,129		)		--				(12,557		)
	Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(8,987		)		(10,584		)		--				19,571				--
	Net (Loss) Income		$	(52,174	)		$	(35,059	)		$	(14,212	)		$	49,271			$	(52,174	)
Schedule of condensed consolidating statements of comprehensive loss	'
	Condensed Consolidating Statements of Comprehensive Income (Loss)
	Three Months Ended April 5, 2014
	(In thousands)
		Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
		Issuer				Subsidiaries				Subsidiaries								Company
	Net Income (Loss)		$	46,170			$	(174,734	)		$	(4,045	)		$	178,779			$	46,170
	Other Comprehensive Income (Loss), Net of Income Taxes		1,305				1,743				1,231				(2,974		)		1,305
	Comprehensive Income (Loss)		$	47,475			$	(172,991	)		$	(2,814	)		$	175,805			$	47,475
	Condensed Consolidating Statements of Comprehensive Loss
	Three Months Ended March 30, 2013
	(In thousands)
		Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
		Issuer				Subsidiaries				Subsidiaries								Company
	Net (Loss) Income		$	(52,174	)		$	(35,059	)		$	(14,212	)		$	49,271			$	(52,174	)
	Other Comprehensive (Loss) Income, Net of Income Taxes		(4,074		)		(3,778		)		(3,963		)		7,741				(4,074		)
	Comprehensive (Loss) Income		$	(56,248	)		$	(38,837	)		$	(18,175	)		$	57,012			$	(56,248	)
Schedule of condensed consolidating statements of cash flow	'
	Condensed Consolidating Statements of Cash Flows
	Three Months Ended April 5, 2014
	(In thousands)
		Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
		Issuer				Subsidiaries				Subsidiaries								Company
	Net cash provided by (used in) operating activities		$	11,651			$	(103,274	)		$	(6,967	)		$	--			$	(98,590	)
	Cash Flows from Investing Activities:
	Net payments for dispositions		(7,747		)		--				--				--				(7,747		)
	Purchases of property and equipment		(1,310		)		(22,757		)		(3,854		)		--				(27,921		)
	Payments for purchases of businesses		--				(26,478		)		(5,790		)		--				(32,268		)
	Payments for in-store merchandise shops		--				(633		)		(153		)		--				(786		)
	(Increase) decrease in investments in and advances to consolidated subsidiaries		(177,446		)		141,577				35,869				--				--
	Other, net		172				(55		)		(51		)		--				66
	Net cash provided by (used in) investing activities of discontinued operations		139,707				(1,238		)		(15		)		--				138,454
	Net cash (used in) provided by investing activities		(46,624		)		90,416				26,006				--				69,798
	Cash Flows from Financing Activities:
	Proceeds from borrowings under revolving credit agreement		24				--				1,884				--				1,908
	Increase (decrease) in intercompany loans		4,012				4,722				(8,734		)		--				--
	Principal payments under capital lease obligations		(98		)		--				--				--				(98		)
	Proceeds from exercise of stock options		30,336				--				--				--				30,336
	Payment of deferred financing fees		(946		)		--				(36		)		--				(982		)
	Net cash provided by (used in) financing activities		33,328				4,722				(6,886		)		--				31,164
	Effect of Exchange Rate Changes on Cash and Cash Equivalents		33				2,620				(3,186		)		--				(533		)
	Net Change in Cash and Cash Equivalents		(1,612		)		(5,516		)		8,967				--				1,839
	Cash and Cash Equivalents at Beginning of Period		97,387				8,031				24,804				--				130,222
	Cash and Cash Equivalents at End of Period		95,775				2,515				33,771				--				132,061
	Less: Cash and Cash Equivalents Held for Sale		--				--				3,584				--				3,584
	Cash and Cash Equivalents		$	$95,775			$	2,515			$	30,187			$	--			$	128,477
	Condensed Consolidating Statements of Cash Flows
	Three Months Ended March 30, 2013
	(In thousands)
		Parent Company				Guarantor				Non-Guarantor				Eliminations				Kate Spade &
		Issuer				Subsidiaries				Subsidiaries								Company
	Net cash (used in) provided by operating activities		$	(24,527	)		$	(46,869	)		$	11,634			$	(6,323	)		$	(66,085	)
	Cash Flows from Investing Activities:
	Purchases of property and equipment		(1,216		)		(11,430		)		(2,819		)		--				(15,465		)
	Payments for in-store merchandise shops		--				(148		)		(84		)		--				(232		)
	Investments in and advances to equity investee		--				--				(3,000		)		--				(3,000		)
	(Increase) decrease in investments in and advances to consolidated subsidiaries		(40,672		)		76,168				(35,496		)		--				--
	Other, net		(269		)		214				3				--				(52		)
	Net cash used in investing activities of discontinued operations		--				(5,310		)		(2,491		)		--				(7,801		)
	Net cash (used in) provided by investing activities		(42,157		)		59,494				(43,887		)		--				(26,550		)
	Cash Flows from Financing Activities:
	Proceeds from borrowings under revolving credit agreement		136,385				--				--				--				136,385
	Repayment of borrowings under revolving credit agreement		(92,301		)		--				--				--				(92,301		)
	(Decrease) increase in intercompany loans		(1,259		)		(14,855		)		16,114				--				--
	Principal payments under capital lease obligations		(1,161		)		--				--				--				(1,161		)
	Proceeds from exercise of stock options		395				--				--				--				395
	Payment of deferred financing fees		(444		)		--				--				--				(444		)
	Net cash provided by (used in) financing activities		41,615				(14,855		)		16,114				--				42,874
	Effect of Exchange Rate Changes on Cash and Cash Equivalents		(5,771		)		35				3,499				--				(2,237		)
	Net Change in Cash and Cash Equivalents		(30,840		)		(2,195		)		(12,640		)		(6,323		)		(51,998		)
	Cash and Cash Equivalents at Beginning of Period		30,840				4,827				26,074				(2,339		)		59,402
	Cash and Cash Equivalents at End of Period		$	--			$	2,632			$	13,434			$	(8,662	)		$	7,404

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details) (USD $)

3 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

In Millions, unless otherwise specified

Apr. 05, 2014

Mar. 30, 2013

Jan. 03, 2015

Dec. 28, 2013

Apr. 07, 2014

Feb. 03, 2014

Nov. 06, 2013

Nov. 06, 2013

Nov. 06, 2013

Feb. 05, 2014

Dec. 28, 2013

Mar. 31, 2014

item

JUICY COUTURE

LBD Acquisition

ABG

ABG

ABG

Kate Spade Japan Co., Ltd.

Lucky Brand

Lucky Brand

Lucky Brand

Juicy Couture

Juicy Couture

Juicy Couture

LBD Acquisition

LBD Acquisition

Minimum

Maximum

Lucky Brand Note

Lucky Brand Note

BASIS OF PRESENTATION

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'

'

'

'

'

'

'

'

'

'

'

Number of reportable segments

3

'

'

'

'

'

'

'

'

'

'

'

NATURE OF OPERATIONS AND BASIS OF PRESENTATION

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of ownership interest in business sold

'

'

'

'

'

100.00%

'

'

'

'

'

'

Sale proceeds of intangible assets under disposal or sale transactions

'

'

'

'

'

$225

'

'

'

'

'

'

Cash consideration

'

'

'

'

8.6

140

'

'

'

'

'

'

Term of note

'

'

'

'

'

'

'

'

'

'

'

'3 years

Note

'

'

'

'

'

'

'

'

'

'

'

85

Increase in principal amount of Lucky Note annual increments

'

'

'

'

'

'

'

'

'

'

5

'

Cash interest on note

'

'

'

'

'

'

'

'

'

'

8

'

Purchase price

'

'

'

'

'

'

195

'

'

32.3

'

'

Working capital and other previously agreed adjustments

'

'

'

'

'

'

'

'

'

2.3

'

'

Additional contingent payment

'

'

'

'

'

'

'

'

10

'

'

'

Guaranteed minimum royalties payment

'

'

'

'

'

'

'

$10

'

'

'

'

Fiscal Year

'

'

'

'

'

'

'

'

'

'

'

'

Period in fiscal year

'98 days

'91 days

'371 days

'364 days

'

'

'

'

'

'

'

'

ACQUISITION_Details

ACQUISITION (Details) (USD $)

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Dec. 29, 2012

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Feb. 05, 2014

Apr. 05, 2014

Mar. 06, 2014

Dec. 28, 2013

Mar. 30, 2013

Dec. 29, 2012

Mar. 06, 2014

Mar. 06, 2014

Mar. 06, 2014

Globalluxe

Globalluxe

Globalluxe

Globalluxe

Globalluxe

Globalluxe

Globalluxe

Globalluxe

Kate Spade Japan Co., Ltd.

Kate Spade Japan Co., Ltd.

Kate Spade Japan Co., Ltd.

Kate Spade Japan Co., Ltd.

Kate Spade Japan Co., Ltd.

Kate Spade Japan Co., Ltd.

Kate Spade Japan Co., Ltd.

Kate Spade Japan Co., Ltd.

Kate Spade Japan Co., Ltd.

Hong Kong

Taiwan

Macau

Singapore

Malaysia

Indonesia

Thailand

Reacquired distribution rights

Retail customer list

Kate Spade

item

item

item

item

item

item

item

ACQUISITION

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price

'

'

'

'

'

'

'

'

'

'

'

'

$32,300,000

'

'

'

'

'

'

'

'

Working capital and other previously agreed adjustments

'

'

'

'

'

'

'

'

'

'

'

'

2,300,000

'

'

'

'

'

'

'

'

Amount funded by Company's new partner, Valiram Group to acquire operating assets

'

'

'

'

1,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of stores operated

'

'

'

'

'

6

'

1

2

2

3

2

'

'

'

'

'

'

'

'

'

Number of concessions operated

'

'

'

'

'

1

1

'

1

'

1

6

'

'

'

'

'

'

'

'

'

Goodwill recorded

71,914,000

49,111,000

54,706,000

60,223,000

'

'

'

'

'

'

'

'

'

70,503,000

'

47,664,000

53,183,000

58,669,000

'

'

21,800,000

Assets acquired:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Current assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,549,000

'

'

'

'

'

'

Property and equipment, net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,267,000

'

'

'

'

'

'

Goodwill and intangibles, net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

26,592,000

'

'

'

'

'

'

Other assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

860,000

'

'

'

'

'

'

Total Assets Acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

32,268,000

'

'

'

'

'

'

Useful Life

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year 8 months 12 days

'3 years

'

Estimated Fair Value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$4,500,000

$256,000

'

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details) (USD $)	3 Months Ended
	Apr. 05, 2014	Mar. 30, 2013	Dec. 28, 2013
Assets held for sale:	'	'	'
Cash and cash equivalents	$3,584,000	'	'
Assets held for sale	11,282,000	'	202,054,000
Liabilities held for sale:	'	'	'
Liabilities held for sale	7,628,000	'	96,370,000
Pretax income (charges) related to disposal of discontinued operations	105,300,000	-12,700,000	'
Results of discontinued operations	'	'	'
Net sales	46,109,000	126,088,000	'
(Loss) income before provision for income taxes	-3,785,000	245,000	'
Provision for income taxes	639,000	56,000	'
(Loss) income from discontinued operations, net of income taxes	-4,424,000	189,000	'
Gain (loss) on disposal of discontinued operations, net of income taxes	105,256,000	-12,746,000	'
Charges related to streamlining initiatives of the entity	7,500,000	100,000	'
Share-based compensation expense	5,200,000	'	'
JUICY COUTURE	'	'	'
Assets held for sale:	'	'	'
Cash and cash equivalents	3,584,000	'	'
Accounts receivable - trade, net	1,400,000	'	'
Inventories, net	2,618,000	'	'
Property and Equipment, net	601,000	'	'
Other assets	3,079,000	'	'
Assets held for sale	11,282,000	'	'
Liabilities held for sale:	'	'	'
Accounts payable	4,017,000	'	'
Accrued expenses	1,039,000	'	'
Other liabilities	2,572,000	'	'
Liabilities held for sale	7,628,000	'	'
Lucky Brand	'	'	'
Assets held for sale:	'	'	'
Cash and cash equivalents	'	'	163,000
Accounts receivable - trade, net	'	'	41,709,000
Inventories, net	'	'	80,503,000
Property and Equipment, net	'	'	68,533,000
Other assets	'	'	11,146,000
Assets held for sale	'	'	202,054,000
Liabilities held for sale:	'	'	'
Accounts payable	'	'	52,977,000
Accrued expenses	'	'	27,773,000
Other liabilities	'	'	15,620,000
Liabilities held for sale	'	'	$96,370,000

STOCKHOLDERS_EQUITY_DEFICIT_De

STOCKHOLDERS' EQUITY (DEFICIT) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost	'	'
Balance at the beginning of the period	($32,482)	'
Net Income (Loss)	46,170	-52,174
Balance at the end of the period	66,309	-170,182
Capital in Excess of Par Value	'	'
Activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost	'	'
Balance at the beginning of the period	155,984	147,018
Share-based compensation	25,554	2,080
Exchanges of Convertible Senior Notes, net	'	-652
Balance at the end of the period	181,538	148,446
Retained Earnings	'	'
Activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost	'	'
Balance at the beginning of the period	1,020,633	1,071,551
Net Income (Loss)	46,170	-52,174
Exercise of stock options	-24,111	-1,390
Restricted shares issued, net of cancellations and shares withheld for taxes	-8,827	-2,785
Exchanges of Convertible Senior Notes, net	'	-65,162
Balance at the end of the period	1,033,865	950,040
Common Stock in Treasury, at Cost	'	'
Activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost	'	'
Balance at the beginning of the period	-1,364,657	-1,511,862
Exercise of stock options	54,447	1,785
Restricted shares issued, net of cancellations and shares withheld for taxes	4,253	2,028
Exchanges of Convertible Senior Notes, net	'	77,092
Balance at the end of the period	($1,305,957)	($1,430,957)

STOCKHOLDERS_EQUITY_DEFICIT_De1

STOCKHOLDERS' EQUITY (DEFICIT) (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013	Dec. 28, 2013
Accumulated other comprehensive (loss) Income	'	'	'
Cumulative translation adjustment, net of income taxes of $0	($20,177)	($14,619)	($21,862)
Unrealized gains on cash flow hedging derivatives, net of income tax of $370, $602 and $288, respectively	603	471	983
Accumulated other comprehensive loss, net of income taxes	-19,574	-14,148	'
Income tax effect on cumulative translation adjustment	0	'	'
Income tax effect on gains on cash flow hedging derivatives	370	288	602
Change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'	'	'
Balance at the beginning of the period	-20,879	'	'
Net current period other comprehensive (loss) income	1,305	-4,074	'
Balance at the end of the period	-19,574	-14,148	'
Cumulative Translation Adjustment	'	'	'
Accumulated other comprehensive (loss) Income	'	'	'
Accumulated other comprehensive loss, net of income taxes	-20,177	-14,619	'
Change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'	'	'
Balance at the beginning of the period	-21,862	-10,074	'
Other comprehensive income (loss) before reclassification	1,685	-4,545	'
Net current period other comprehensive (loss) income	1,685	-4,545	'
Balance at the end of the period	-20,177	-14,619	'
Unrealized Gains on Cash Flow Hedging Derivatives	'	'	'
Accumulated other comprehensive (loss) Income	'	'	'
Accumulated other comprehensive loss, net of income taxes	603	471	'
Change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'	'	'
Balance at the beginning of the period	983	'	'
Other comprehensive income (loss) before reclassification	-141	377	'
Amounts reclassified from accumulated other comprehensive income	-239	94	'
Net current period other comprehensive (loss) income	-380	471	'
Balance at the end of the period	$603	$471	'

INVENTORIES_NET_Details

INVENTORIES, NET (Details) (USD $)	Apr. 05, 2014	Dec. 28, 2013	Mar. 30, 2013
In Thousands, unless otherwise specified
INVENTORIES, NET	'	'	'
Raw materials and work in process	$1,569	$1,028	$1,087
Finished goods	208,541	183,606	218,887
Total inventories, net	$210,110	$184,634	$219,974

PROPERTY_AND_EQUIPMENT_NET_Det

PROPERTY AND EQUIPMENT, NET (Details) (USD $)

3 Months Ended

3 Months Ended

Apr. 05, 2014

Mar. 30, 2013

Dec. 28, 2013

Sep. 28, 2013

Jun. 29, 2013

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Sale-leaseback agreement for Ohio Facility

Sale-leaseback agreement for North Bergen, NJ office

Land and buildings

Land and buildings

Land and buildings

Machinery and equipment

Machinery and equipment

Machinery and equipment

Furniture and fixtures

Furniture and fixtures

Furniture and fixtures

Leasehold improvements

Leasehold improvements

Leasehold improvements

item

PROPERTY AND EQUIPMENT, NET

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total property and equipment, gross

$443,409,000

$646,603,000

$438,071,000

'

'

$9,300,000

$9,300,000

$45,988,000

$170,382,000

$171,811,000

$209,412,000

$84,107,000

$83,753,000

$133,430,000

$179,620,000

$173,207,000

$257,773,000

Less: Accumulated depreciation and amortization

287,626,000

425,939,000

289,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total property and equipment, net

155,783,000

220,664,000

149,071,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Depreciation and amortization expense on property and equipment

16,200,000

14,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Depreciation for property and equipment under capital leases

200,000

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property and equipment under capital leases

9,300,000

22,600,000

9,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds from sale of facility

'

'

'

20,300,000

8,700,000

'

'

'

'

'

'

'

'

'

'

'

'

Lease term

'

'

'

'10 years

'12 years

'

'

'

'

'

'

'

'

'

'

'

'

Deferred gain associated with sale-leaseback

'

'

'

$9,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of renewal options under the sale-leaseback transaction

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

Term of options under the sale-leaseback transaction

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

GOODWILL_AND_INTANGIBLES_NET_D

GOODWILL AND INTANGIBLES, NET (Details) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Apr. 05, 2014

Mar. 30, 2013

Dec. 28, 2013

Apr. 05, 2014

Mar. 30, 2013

Apr. 05, 2014

Mar. 30, 2013

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Sep. 28, 2013

Apr. 05, 2014

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 05, 2014

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 05, 2014

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 05, 2014

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 05, 2014

KATE SPADE

KATE SPADE

Adelington Design Group

Adelington Design Group

Owned trademarks

Owned trademarks

Owned trademarks

Owned trademarks

Owned trademarks

Customer relationships

Customer relationships

Customer relationships

Customer relationships

Merchandising rights

Merchandising rights

Merchandising rights

Merchandising rights

Reacquired rights

Reacquired rights

Reacquired rights

Reacquired rights

Other

Other

Other

Other

Adelington Design Group

Weighted Average

Weighted Average

Weighted Average

Weighted Average

Weighted Average

Amortized intangible assets:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization Period

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'11 years

'

'

'

'4 years

'

'

'

'2 years

'

'

'

'4 years

Gross carrying amount

$34,760,000

$39,185,000

$28,981,000

'

'

'

'

$2,000,000

$2,000,000

$1,479,000

'

'

$7,545,000

$7,273,000

$7,370,000

'

$6,856,000

$6,087,000

$15,407,000

'

$16,037,000

$11,299,000

$12,607,000

'

$2,322,000

$2,322,000

$2,322,000

'

Accumulated amortization

-15,390,000

-18,345,000

-13,203,000

'

'

'

'

-200,000

-100,000

-1,396,000

'

'

-4,245,000

-4,022,000

-3,374,000

'

-2,918,000

-2,595,000

-9,845,000

'

-5,898,000

-4,394,000

-1,751,000

'

-2,129,000

-2,092,000

-1,979,000

'

Net

19,370,000

20,840,000

15,778,000

'

'

'

'

1,800,000

1,900,000

83,000

'

'

3,300,000

3,251,000

3,996,000

'

3,938,000

3,492,000

5,562,000

'

10,139,000

6,905,000

10,856,000

'

193,000

230,000

343,000

'

Unamortized intangible assets:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Owned trademarks

74,900,000

107,500,000

74,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total intangible assets, net

94,270,000

128,340,000

90,678,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill

71,914,000

54,706,000

'

70,503,000

53,183,000

1,411,000

1,523,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-cash impairment charge

'

'

'

'

'

'

'

'

'

'

3,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Changes in carrying amount of goodwill

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at beginning of the period

49,111,000

60,223,000

'

47,664,000

58,669,000

1,447,000

1,554,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquired

21,836,000

'

'

21,836,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Translation adjustment

967,000

-5,517,000

'

1,003,000

-5,486,000

-36,000

-31,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at end of the period

71,914,000

54,706,000

'

70,503,000

53,183,000

1,411,000

1,523,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization expense of intangible assets

2,200,000

1,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated amortization expense for intangible assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fiscal Year 2014

7,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fiscal Year 2015

6,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fiscal Year 2016

1,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fiscal Year 2017

1,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fiscal Year 2018

$800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Apr. 05, 2014
INCOME TAXES	'
Loss carryback period prior to Federal tax law change	'2 years
Loss carryback period after Federal tax law change	'5 years
Expected reduction in the liability for unrecognized tax benefits within the next 12 months, low end of the range	$71.70
Expected reduction in the liability for unrecognized tax benefits within the next 12 months, high end of the range	73.8
Uncertain tax positions	$84.10

DEBT_AND_LINES_OF_CREDIT_Detai

DEBT AND LINES OF CREDIT (Details)

3 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

1 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

Mar. 30, 2013

Apr. 05, 2014

Dec. 28, 2013

Dec. 29, 2012

Apr. 08, 2011

Jun. 29, 2013

Mar. 30, 2013

Apr. 05, 2014

Apr. 14, 2014

Jul. 12, 2012

Apr. 07, 2011

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Jul. 12, 2012

Jun. 30, 2012

Jun. 08, 2012

12-May-14

Jul. 05, 2014

Apr. 14, 2014

12-May-14

Apr. 30, 2013

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 30, 2013

Apr. 30, 2013

Apr. 30, 2013

Apr. 30, 2013

Apr. 30, 2013

Apr. 30, 2013

Apr. 30, 2013

Apr. 30, 2013

Apr. 08, 2011

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Jun. 29, 2013

Jun. 29, 2013

USD ($)

USD ($)

USD ($)

Sale-leaseback agreement for North Bergen, NJ office

6.0% Convertible Senior Notes, due June 2014

6.0% Convertible Senior Notes, due June 2014

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

10.5% Senior Secured Notes, due April 2019

Revolving credit facility

Revolving credit facility

Revolving credit facility

Revolving credit facility

Revolving credit facility

Letters of credit

Standby letters of credit

Multi-currency revolving credit line

Swingline revolving credit line

Euro currency credit line

Euro currency credit line

Euro currency credit line

5.0% Euro Notes, due July 2013

Capital lease obligations

Capital lease obligations

Capital lease obligations

Capital lease obligations

Capital lease obligations

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

EUR (€)

USD ($)

Subsequent event

Subsequent event

Maximum

Maximum

USD ($)

USD ($)

USD ($)

USD ($)

Maximum

USD ($)

USD ($)

USD ($)

USD ($)

Minimum

Maximum

EUR (€)

USD ($)

USD ($)

USD ($)

Sale-leaseback agreement for North Bergen, NJ office

Sale-leaseback agreement for North Bergen, NJ office

USD ($)

USD ($)

USD ($)

Subsequent event

item

USD ($)

USD ($)

USD ($)

USD ($)

DEBT AND LINES OF CREDIT

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

'

5.00%

'

'

6.00%

'

'

10.50%

10.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total debt

$438,730,000

$395,595,000

$394,201,000

'

'

'

$8,150,000

'

'

'

'

$381,799,000

$382,209,000

$383,312,000

'

'

'

'

'

'

'

'

$4,900,000

$2,997,000

$44,084,000

'

'

'

'

'

'

'

'

'

$8,896,000

$8,995,000

$3,184,000

'

'

Less: Short-term borrowings

47,268,000

5,322,000

3,407,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Convertible Senior Notes

8,150,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt

383,312,000

390,273,000

390,794,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal amount of debt

'

'

'

'

'

'

8,800,000

'

'

'

220,000,000

'

'

'

52,900,000

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unamortized debt discount

'

'

'

'

'

'

600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt conversion, aggregate principal amount

'

'

'

'

'

'

11,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock converted from convertible notes

'

'

'

'

'

'

3,171,670

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Pretax loss on the extinguishment of debt

1,108,000

'

'

'

'

'

1,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

152,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds from issuance of debt

'

'

'

'

'

'

'

'

'

160,600,000

212,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repurchase of aggregate principal amount of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

334,800,000

37,200,000

334,800,000

'

'

'

'

'

'

'

'

'

'

'

'

128,500,000

'

'

'

'

'

Offering of additional notes as a percentage of par value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

108.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership interest acquired in Kate Spade Japan Co., Ltd (as a percent)

'

'

'

51.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repurchase price as percentage of principal amount, if company undergoes change of control

'

'

'

'

'

'

'

'

'

'

'

101.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repurchase price as percentage of principal amount, plus accrued and unpaid interest

'

'

'

'

'

'

'

'

103.00%

'

'

100.00%

'

'

'

'

'

105.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available capacity under amended facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

350,000,000

350,000,000

'

'

'

200,000,000

65,000,000

100,000,000

55,000,000

'

'

'

'

'

'

'

'

'

Option to increase borrowing under certain specified conditions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of borrowing options under amended facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Spread on variable rate basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.75%

2.25%

'

'

'

'

'

'

Variable rate basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'

'

'

'

'

'

Fixed charge coverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Trailing period over which fixed charge coverage ratio is required to be maintained

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'12 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum aggregate borrowing availability below which specified fixed charge coverage ratio has to be maintained

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum aggregate borrowing availability as a percentage of commitments then in effect below which a specified fixed charge coverage ratio has to be maintained

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Covenant to apply cash collections to reduce outstanding borrowings, maximum availability under credit facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

40,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Covenant to apply cash collections to reduce outstanding borrowings, maximum availability under credit facility as a percentage of the lesser of the borrowing base and aggregate commitments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

Availability under amended facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

350,000,000

350,000,000

'

'

'

200,000,000

65,000,000

100,000,000

55,000,000

'

'

'

'

'

'

'

'

'

Borrowing Base

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

215,997,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Letters of Credit Issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,388,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

192,709,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Excess Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

157,709,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale price of office building under sale-leaseback agreement

'

'

'

'

'

8,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,700,000

'

Lease term

'

'

'

'

'

'12 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'12 years

Total lease payments under sale-leaseback agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

26,900,000

26,900,000

Short-term borrowings included in capital lease obligations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$9,000,000

$400,000

'

'

'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2013	Mar. 30, 2013	Mar. 30, 2013	Apr. 05, 2014	Dec. 28, 2013	Mar. 30, 2013
	Fair value on non-recurring basis	Fair value on non-recurring basis	Fair value on non-recurring basis	Fair value on recurring basis	Fair value on recurring basis	Fair value on recurring basis
		Fair Value Measured and Recorded at Reporting Date Using: Level 3	Net Carrying Value	Fair Value Measured and Recorded at Reporting Date Using: Level 2	Fair Value Measured and Recorded at Reporting Date Using: Level 2	Fair Value Measured and Recorded at Reporting Date Using: Level 2
Assets and liabilities measured at fair value	'	'	'	'	'	'
Financial Assets: Derivatives	'	'	'	$1,052	$1,701	$608
Financial Liabilities: Derivatives	'	'	'	'	'	-157
Property and equipment	'	27	27	'	'	'
Total Losses	'	'	'	'	'	'
Property and equipment	$667	'	'	'	'	'

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Apr. 08, 2011	Apr. 05, 2014	Mar. 30, 2013	Apr. 05, 2014	Dec. 28, 2013	Mar. 30, 2013	Apr. 07, 2011	Apr. 05, 2014	Dec. 28, 2013	Mar. 30, 2013
In Thousands, unless otherwise specified		6.0% Convertible Senior Notes, due June 2014	6.0% Convertible Senior Notes, due June 2014	10.5% Senior Secured Notes, due April 2019	10.5% Senior Secured Notes, due April 2019	10.5% Senior Secured Notes, due April 2019	10.5% Senior Secured Notes, due April 2019	Revolving credit facility	Revolving credit facility	Revolving credit facility
Fair values and carrying values of debt instruments	'	'	'	'	'	'	'	'	'	'
Fair Value	'	'	$46,312	$392,460	$400,830	$417,570	'	$4,900	$2,997	$44,084
Carrying value	'	'	$8,150	$381,799	$382,209	$383,312	'	$4,900	$2,997	$44,084
Stated Percentage	5.00%	6.00%	'	10.50%	'	'	10.50%	'	'	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended								3 Months Ended
In Millions, unless otherwise specified	Dec. 28, 2013	Jun. 30, 2012	Jul. 03, 2010	Jul. 04, 2009	Apr. 04, 2009	Apr. 05, 2014	Nov. 19, 2013	Apr. 05, 2014	Jun. 29, 2013
							JUICY COUTURE flagship store	LIZ CLAIBORNE Canada retail stores	Sale-leaseback agreement for North Bergen, NJ office
								item	item
COMMITMENTS AND CONTINGENCIES	'	'	'	'	'	'	'	'	'
Payment received from Li & Fung Limited	'	'	'	'	$75	'	'	'	'
Additional payment received to offset specific, incremental, identifiable expenses associated with the transaction	'	'	'	8	'	'	'	'	'
Refund of closing payment received from Li & Fung Limited	6	1.8	24.3	'	'	'	'	'	'
Capital lease obligations	'	'	'	'	'	'	'	'	'
Number of store leases assigned to third parties	'	'	'	'	'	'	'	277	'
Number of leases for which the entity is secondarily liable	'	'	'	'	'	'	'	208	'
Future aggregate payments under disposition leases	'	'	'	'	'	'	'	195.9	'
Consideration on termination under disposition leases	'	'	'	'	'	'	51	'	'
Lease term	'	'	'	'	'	'	'	'	'12 years
Number of renewal options under the sale-leaseback transaction	'	'	'	'	'	'	'	'	2
Term of options under the sale-leaseback transaction	'	'	'	'	'	'	'	'	'5 years
Estimated future minimum lease payments under the noncancelable capital lease	'	'	'	'	'	'	'	'	'
2014	'	'	'	'	'	1,495	'	'	'
2015	'	'	'	'	'	2,036	'	'	'
2016	'	'	'	'	'	2,089	'	'	'
2018	'	'	'	'	'	2,141	'	'	'
2017	'	'	'	'	'	2,194	'	'	'
Thereafter	'	'	'	'	'	15,328	'	'	'
Total	'	'	'	'	'	25,283	'	'	'
Less: Amounts representing interest and executory costs	'	'	'	'	'	-16,387	'	'	'
Net present values	'	'	'	'	'	8,896	'	'	'
Less: Capital lease obligations included in short-term debt	'	'	'	'	'	-422	'	'	'
Long-term capital lease obligations	'	'	'	'	'	$8,475	'	'	'

STREAMLINING_INITIATIVES_Detai

STREAMLINING INITIATIVES (Details) (USD $)	3 Months Ended
	Apr. 05, 2014	Mar. 30, 2013
STREAMLINING INITIATIVES	'	'
Expected payment of accrued streamlining costs in the next 12 months	$16,700,000	'
Expenses associated with streamlining actions	33,765,000	4,708,000
Non-cash charges recorded related to streamlining initiatives	17,500,000	700,000
Roll forward of liability for streamlining initiatives	'	'
Balance at the beginning of the period	24,086,000	'
2014 provision	33,765,000	4,708,000
2014 asset write-downs	-958,000	'
2014 spending	-33,000,000	'
Balance at the end of the period	23,893,000	'
Share-based compensation	20,324,000	1,787,000
KATE SPADE	'	'
STREAMLINING INITIATIVES	'	'
Expenses associated with streamlining actions	2,097,000	694,000
Roll forward of liability for streamlining initiatives	'	'
2014 provision	2,097,000	694,000
Adelington Design Group	'	'
STREAMLINING INITIATIVES	'	'
Expenses associated with streamlining actions	103,000	329,000
Roll forward of liability for streamlining initiatives	'	'
2014 provision	103,000	329,000
JUICY COUTURE	'	'
STREAMLINING INITIATIVES	'	'
Expenses associated with streamlining actions	1,597,000	2,248,000
Roll forward of liability for streamlining initiatives	'	'
2014 provision	1,597,000	2,248,000
Lucky Brand	'	'
STREAMLINING INITIATIVES	'	'
Expenses associated with streamlining actions	'	1,065,000
Roll forward of liability for streamlining initiatives	'	'
2014 provision	'	1,065,000
Corporate	'	'
STREAMLINING INITIATIVES	'	'
Expenses associated with streamlining actions	29,968,000	372,000
Roll forward of liability for streamlining initiatives	'	'
2014 provision	29,968,000	372,000
Payroll and related costs	'	'
STREAMLINING INITIATIVES	'	'
Expenses associated with streamlining actions	29,401,000	2,400,000
Roll forward of liability for streamlining initiatives	'	'
Balance at the beginning of the period	10,094,000	'
2014 provision	29,401,000	2,400,000
2014 spending	-32,890,000	'
Balance at the end of the period	6,605,000	'
Contract termination costs	'	'
STREAMLINING INITIATIVES	'	'
Expenses associated with streamlining actions	4,582,000	200,000
Roll forward of liability for streamlining initiatives	'	'
Balance at the beginning of the period	2,115,000	'
2014 provision	4,582,000	200,000
2014 spending	-255,000	'
Balance at the end of the period	6,442,000	'
Asset write-downs and disposals	'	'
STREAMLINING INITIATIVES	'	'
Expenses associated with streamlining actions	958,000	700,000
Roll forward of liability for streamlining initiatives	'	'
2014 provision	958,000	700,000
2014 asset write-downs	-958,000	'
Other costs	'	'
STREAMLINING INITIATIVES	'	'
Expenses associated with streamlining actions	-1,176,000	1,400,000
Roll forward of liability for streamlining initiatives	'	'
Balance at the beginning of the period	11,877,000	'
2014 provision	-1,176,000	1,400,000
2014 spending	145,000	'
Balance at the end of the period	10,846,000	'
Withdrawal liability incurred	10,100,000	'
Payroll and related costs and spending	'	'
Roll forward of liability for streamlining initiatives	'	'
Share-based compensation	$16,500,000	$400,000

EARNINGS_PER_COMMON_SHARE_Deta

EARNINGS PER COMMON SHARE (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
EARNINGS PER COMMON SHARE	'	'
Loss from continuing operations	($54,662)	($39,617)
Income (loss) from discontinued operations, net of income taxes	100,832	-12,557
Net income (loss)	$46,170	($52,174)
(Loss) Earnings per share:Basic and Diluted	'	'
Loss from continuing operations (in dollars per share)	($0.44)	($0.33)
Income (loss) from discontinued operations (in dollars per share)	$0.81	($0.11)
Net income (loss) (in dollars per share)	$0.37	($0.44)
Weighted Average Shares, Basic and Diluted (in shares)	124,403,000	119,032,000
Outstanding stock options	'	'
Anti-dilutive shares	'	'
Shares excluded from computation of diluted earnings per share	1,700,000	5,600,000
Outstanding nonvested shares	'	'
Anti-dilutive shares	'	'
Shares excluded from computation of diluted earnings per share	1,700,000	400,000
Shares not achieving performance criteria excluded from computation of diluted earnings per share	'	1,100,000
Convertible Notes	'	'
Anti-dilutive shares	'	'
Shares excluded from computation of diluted earnings per share	'	3,300,000

ADDITIONAL_FINANCIAL_INFORMATI1

ADDITIONAL FINANCIAL INFORMATION (Details) (USD $)	0 Months Ended		3 Months Ended
In Millions, unless otherwise specified	Feb. 08, 2013	Nov. 02, 2011	Mar. 30, 2013	Dec. 31, 2011
Trademark rights for LIZ CLAIBORNE family brands and MONET brand	'	'	'	'
Licensing-Related Transactions	'	'	'	'
Aggregate consideration of sale of intangible assets under disposal or sale transactions	'	'	'	$267.50
Advance received for agreement to develop exclusive brands for JCPenney	'	20	'	'
Advance refunded on termination of agreement to develop exclusive brands for JCPenney	20	'	20	'
DANA BUCHMAN and KENSIE, KENSIE GIRL and MAC & JAC trademarks	'	'	'	'
Licensing-Related Transactions	'	'	'	'
Aggregate consideration of sale of intangible assets under disposal or sale transactions	'	'	'	$39.80

ADDITIONAL_FINANCIAL_INFORMATI2

ADDITIONAL FINANCIAL INFORMATION (Details 2) (USD $)	3 Months Ended		12 Months Ended	0 Months Ended	3 Months Ended
In Millions, except Share data, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013	Dec. 28, 2013	Feb. 08, 2013	Mar. 30, 2013	Mar. 30, 2013	Mar. 31, 2014
				Trademark rights for LIZ CLAIBORNE family brands and MONET brand	Trademark rights for LIZ CLAIBORNE family brands and MONET brand	Convertible Notes	Lucky Note
							LBD Acquisition
							Lucky Brand
ADDITIONAL FINANCIAL INFORMATION	'	'	'	'	'	'	'
Net income tax payments	$2.90	$0.30	'	'	'	'	'
Interest payments	0.7	0.7	'	'	'	'	'
Accrued capital expenditures	8.9	3.5	13.3	'	'	'	'
Amortization of deferred financing costs	1.2	2.1	'	'	'	'	'
Condensed Consolidated Statements of Cash Flows Supplementary Disclosures	'	'	'	'	'	'	'
Term of note	'	'	'	'	'	'	'3 years
Note	'	'	'	'	'	'	85
Debt conversion, aggregate principal amount	'	'	'	'	'	11.2	'
Number of shares of common stock converted from convertible notes	'	'	'	'	'	3,171,670	'
Advance refunded to JCPenney	'	'	'	$20	$20	'	'

ADDITIONAL_FINANCIAL_INFORMATI3

ADDITIONAL FINANCIAL INFORMATION (Details 3) (USD $)	3 Months Ended				3 Months Ended		12 Months Ended
	Apr. 05, 2014	Mar. 30, 2013	Dec. 28, 2013	Mar. 30, 2013	Mar. 30, 2013	Dec. 31, 2011	Dec. 28, 2013
				Global Mexx Business	KS China Co., Limited	KS China Co., Limited	KS China Co., Limited
Related Party Transactions	'	'	'	'	'	'	'
Initial period of joint venture operations	'	'	'	'	'	'10 years	'
Ownership interest in joint venture (as a percent)	'	'	'	'	'	40.00%	'
Capital contributions to joint venture	'	$3,000,000	'	'	$3,000,000	'	$5,500,000
Equity in (loss) earnings of equity investee	-298,000	-270,000	'	'	'	'	'
Investments in equity investees amounted	9,100,000	7,800,000	9,400,000	'	'	'	'
Investment valued under cost method of accounting	'	'	'	$10,000,000	'	'	'

SEGMENT_REPORTING_Details

SEGMENT REPORTING (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
	item
SEGMENT REPORTING	'	'
Number of reportable segments	3	'
SEGMENT REPORTING	'	'
Net Sales	$328,091	$245,687
% to Total	100.00%	100.00%
Reconciliation to Loss from Continuing Operations	'	'
Unallocated Corporate Costs	-15,275	-17,119
Depreciation and amortization, net	-15,223	-12,233
Charges due to streamlining initiatives, brand-exiting activities, acquisition related costs and loss on asset disposals and impairments, net	-25,289	-4,738
Share-based compensation	-20,324	-1,787
Equity loss included in Reportable Segments Adjusted EBITDA	298	270
Operating Loss	-43,082	-22,035
Other expense, net	-251	-1,905
Loss on sales of trademarks	'	-1,274
Loss on extinguishment of debt	'	-1,108
Interest expense, net	-9,522	-12,341
Provision for income taxes	1,807	954
Loss from Continuing Operations	-54,662	-39,617
Significant changes in segment assets	0	'
Payroll and related costs and spending	'	'
Reconciliation to Loss from Continuing Operations	'	'
Share-based compensation	-16,500	-400
Domestic	'	'
SEGMENT REPORTING	'	'
Net Sales	275,480	214,746
% to Total	84.00%	87.40%
International	'	'
SEGMENT REPORTING	'	'
Net Sales	52,611	30,941
% to Total	16.00%	12.60%
KATE SPADE	'	'
Reconciliation to Loss from Continuing Operations	'	'
Equity loss included in Reportable Segments Adjusted EBITDA	300	300
Reportable Segments:	'	'
SEGMENT REPORTING	'	'
Adjusted EBITDA	32,731	13,572
Reconciliation to Loss from Continuing Operations	'	'
Adjusted EBITDA	32,731	13,572
Reportable Segments: | KATE SPADE	'	'
SEGMENT REPORTING	'	'
Net Sales	217,128	140,963
% to Total	66.20%	57.40%
Adjusted EBITDA	32,269	18,956
% of Sales	14.90%	13.40%
Reconciliation to Loss from Continuing Operations	'	'
Adjusted EBITDA	32,269	18,956
Reportable Segments: | Adelington Design Group	'	'
SEGMENT REPORTING	'	'
Net Sales	6,486	15,486
% to Total	2.00%	6.30%
Adjusted EBITDA	427	3,872
% of Sales	6.60%	25.00%
Reconciliation to Loss from Continuing Operations	'	'
Adjusted EBITDA	427	3,872
Reportable Segments: | JUICY COUTURE	'	'
SEGMENT REPORTING	'	'
Net Sales	104,477	89,238
% to Total	31.80%	36.30%
Adjusted EBITDA	-19	-8,596
% of Sales	'	-9.60%
Reconciliation to Loss from Continuing Operations	'	'
Adjusted EBITDA	-19	-8,596
Reportable Segments: | Lucky Brand	'	'
SEGMENT REPORTING	'	'
Adjusted EBITDA	54	-660
Reconciliation to Loss from Continuing Operations	'	'
Adjusted EBITDA	54	-660
Corporate	'	'
SEGMENT REPORTING	'	'
Adjusted EBITDA	-15,275	-17,119
Reconciliation to Loss from Continuing Operations	'	'
Adjusted EBITDA	($15,275)	($17,119)

DERIVATIVE_INSTRUMENTS_Details

DERIVATIVE INSTRUMENTS (Details) (Foreign Currency Contracts)

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 05, 2014

Dec. 28, 2013

Mar. 30, 2013

Apr. 05, 2014

Mar. 30, 2013

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Designated as hedging instruments

Designated as hedging instruments

Designated as hedging instruments

Not designated as hedging instruments

Not designated as hedging instruments

Not designated as hedging instruments

Forward contracts

Forward contracts

Forward contracts

Forward contracts

Forward contracts

Forward contracts

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Designated as hedging instruments

Designated as hedging instruments

Not designated as hedging instruments

Not designated as hedging instruments

Sell

Sell

Sell

Sell

USD ($)

JPY (¥)

USD ($)

JPY (¥)

DERIVATIVE INSTRUMENTS

'

'

'

'

'

'

'

'

'

'

'

'

Forward contracts to sell foreign currency in exchange of U.S. dollars

'

'

'

'

'

'

'

'

$20,600,000

¥ 2,100,000,000

$39,200,000

¥ 4,000,000,000

Transaction (losses) gains related to derivative instruments reflected within Other expense, net

'

'

'

'

'

'

-600,000

4,000,000

'

'

'

'

Asset Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

Asset Derivatives, Notional amount

12,750,000

21,050,000

16,303,000

39,154,000

38,403,000

'

'

'

'

'

'

'

Asset Derivatives, Fair value

609,000

1,317,000

608,000

443,000

384,000

'

'

'

'

'

'

'

Liability Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

Liability Derivatives, Notional Amount

7,850,000

'

'

'

'

42,277,000

'

'

'

'

'

'

Liability Derivatives, Fair value

'

'

'

'

'

$157,000

'

'

'

'

'

'

DERIVATIVE_INSTRUMENTS_Details1

DERIVATIVE INSTRUMENTS (Details 2) (Foreign Currency Contracts, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Foreign Currency Contracts	'	'
Derivative instruments, Gain (Loss)	'	'
Amount of Gain or (Loss) Recognized in Accumulated OCI on Derivative (Effective Portion)	($227)	$768
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Operations (Effective Portion)	$385	$9

SHAREBASED_COMPENSATION_Detail

SHARE-BASED COMPENSATION (Details) (USD $)	3 Months Ended		12 Months Ended
	Apr. 05, 2014	Mar. 30, 2013	Dec. 28, 2013
SHARE-BASED COMPENSATION	'	'	'
Share-based compensation expense	$20,300,000	$1,800,000	'
Share-based compensation	20,324,000	1,787,000	'
Payroll and related costs and spending	'	'	'
SHARE-BASED COMPENSATION	'	'	'
Share-based compensation	16,500,000	400,000	'
Stock options	'	'	'
SHARE-BASED COMPENSATION	'	'	'
Vesting period	'3 years	'	'
Valuation Assumptions:	'	'	'
Weighted-average fair value of options granted (in dollars per share)	'	$9.39	'
Historic volatility (as a percent)	'	63.30%	'
Weighted-average volatility (as a percent)	'	63.30%	'
Expected term	'	'5 years 1 month 6 days	'
Risk-free rate, minimum (as a percent)	'	0.20%	'
Risk-free rate, maximum (as a percent)	'	3.80%	'
Expected annual forfeiture (as a percent)	'	13.50%	'
Shares	'	'	'
Outstanding at the beginning of the period (in shares)	5,166,375	'	'
Exercised (in shares)	-3,376,940	'	'
Cancelled/expired (in shares)	-125,075	'	'
Outstanding at end of the period (in shares)	1,664,360	'	5,166,375
Vested or expected to vest at the end of the period (in shares)	1,641,731	'	'
Exercisable at the end of the period (in shares)	775,610	'	'
Weighted Average Exercise Price	'	'	'
Outstanding at the beginning of the period (in dollars per share)	$11.26	'	'
Exercised (in dollars per share)	$8.98	'	'
Cancelled/expired (in dollars per share)	$37.21	'	'
Outstanding at the end of the period (in dollars per share)	$13.94	'	$11.26
Vested or expected to vest at the end of the period (in dollars per share)	$13.89	'	'
Exercisable at the end of the period (in dollars per share)	$15.33	'	'
Weighted Average Remaining Contractual Term	'	'	'
Outstanding at the end of the period	'3 years 10 months 24 days	'	'3 years 4 months 24 days
Vested or expected to vest at the end of the period	'3 years 10 months 24 days	'	'
Exercisable at the end of the period	'2 years 6 months	'	'
Aggregate Intrinsic Value	'	'	'
Outstanding at the beginning of the period (in dollars)	108,498,000	'	'
Exercised (in dollars)	88,098,000	'	'
Outstanding at the end of the period (in dollars)	35,057,000	'	108,498,000
Vested or expected to vest at the end of the period (in dollars)	34,680,000	'	'
Exercisable at the end of the period (in dollars)	15,488,000	'	'
Additional disclosure	'	'	'
Nonvested stock options outstanding (in shares)	900,000	'	'
Weighted average grant date fair value per award for nonvested stock options (in dollars per share)	$6.54	'	'
Total unrecognized compensation cost related to nonvested stock options granted	1,500,000	'	'
Weighted average recognition period of unrecognized stock-based compensation expense	'1 year 2 months 12 days	'	'
Fair value of shares vested under stock option plans	$1,400,000	$2,700,000	'
Stock options | Minimum	'	'	'
SHARE-BASED COMPENSATION	'	'	'
Contractual term	'7 years	'	'
Stock options | Maximum	'	'	'
SHARE-BASED COMPENSATION	'	'	'
Contractual term	'10 years	'	'

SHAREBASED_COMPENSATION_Detail1

SHARE-BASED COMPENSATION (Details 2) (USD $)	3 Months Ended										12 Months Ended
In Millions, except Share data, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013	Apr. 05, 2014	Apr. 05, 2014	Apr. 05, 2014	Apr. 05, 2014	Apr. 05, 2014	Apr. 05, 2014	Mar. 31, 2014	Mar. 31, 2014	Dec. 29, 2012
	Restricted stock	Restricted stock	Staking grants	Staking grants	Annual long-term incentive awards	Annual long-term incentive awards	Annual long-term incentive awards	Performance share units	Performance share units	Performance share units	Performance share units
				Key executives		Minimum	Maximum		Minimum	Maximum	Key executives
SHARE-BASED COMPENSATION	'	'	'	'	'	'	'	'	'	'	'
Aggregate grant date value	'	'	$52.20	$62	$9.80	'	'	$8.60	'	'	'
Percentage of shares vesting on the third anniversary from the date of grant	'	'	50.00%	'	50.00%	'	'	'	'	'	'
Percentage of shares vesting on the fifth anniversary from the date of grant	'	'	50.00%	'	'	'	'	'	'	'	'
Percentage of shares vesting on the second anniversary from the date of grant	'	'	'	'	50.00%	'	'	'	'	'	'
Number of shares to be earned as a percentage of target amount	'	'	'	'	'	30.00%	200.00%	'	'	'	'
Performance period	'	'	'	'	'	'	'	'	'	'	'2 years
Service period	'	'	'	'	'	'	'	'	'	'	'3 years
Valuation Assumptions:	'	'	'	'	'	'	'	'	'	'	'
Weighted-average fair value (in dollars per share)	$44.79	'	$49.98	'	'	'	'	$43.85	'	'	'
Expected volatility (as a percent)	'	'	52.30%	'	'	'	'	44.20%	'	'	'
Risk-free rate (as a percent)	'	'	1.68%	'	'	'	'	'	'	'	'
Weighted-average expected annual forfeiture (as a percent)	'	'	4.60%	'	'	'	'	3.90%	'	'	'
Shares	'	'	'	'	'	'	'	'	'	'	'
Nonvested stock at the beginning of the period (in shares)	1,035,250	'	'	'	'	'	'	'	'	'	'
Granted (in shares)	1,525,805	'	'	1,239,639	'	'	'	'	'	'	535,000
Vested (in shares)	-367,750	'	'	'	'	'	'	'	'	'	'
Cancelled (in shares)	-475,500	'	'	'	'	'	'	'	'	'	'
Nonvested stock at the end of the period (in shares)	1,717,805	'	'	'	'	'	'	'	'	'	'
Expected to vest at the end of the period (in shares)	1,420,665	'	'	'	'	'	'	196,416	'	'	'
Weighted Average Grant Date Fair Value	'	'	'	'	'	'	'	'	'	'	'
Nonvested stock at the beginning of the period (in dollars per share)	$14.93	'	'	'	'	'	'	'	'	'	'
Granted (in dollars per share)	$48.31	'	'	'	'	'	'	'	'	'	'
Vested (in dollars per share)	$17.40	'	'	'	'	'	'	'	'	'	'
Cancelled (in dollars per share)	$12.24	'	'	'	'	'	'	'	'	'	'
Nonvested stock at the end of the period (in dollars per share)	$44.79	'	$49.98	'	'	'	'	$43.85	'	'	'
Number of awards granted depending on the Company's Total Shareholder Return ("TSR") relative to the TSR of the S&P Mid-Cap 400 Index (as a percent)	'	'	'	'	'	'	'	'	0.00%	200.00%	'
Expected to vest at the end of the period (in dollars per share)	$45	'	'	'	'	'	'	'	'	'	'
Additional disclosures	'	'	'	'	'	'	'	'	'	'	'
Total unrecognized compensation cost related to nonvested stock awards granted under restricted stock plans	60.1	'	'	'	'	'	'	'	'	'	'
Weighted average recognition period of unrecognized stock-based compensation expense	'3 years 4 months 24 days	'	'	'	'	'	'	'	'	'	'
Fair value of shares vested under restricted stock plans	$6.40	$0.80	'	'	'	'	'	'	'	'	'

SUPPLEMENTAL_CONDENSED_CONSOLI2

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details) (USD $)	Apr. 05, 2014	Dec. 28, 2013	Mar. 30, 2013	Dec. 29, 2012
In Thousands, unless otherwise specified
Current Assets:	'	'	'	'
Cash and cash equivalents	$128,477	$130,222	$7,404	'
Accounts receivable - trade, net	87,053	89,554	102,490	'
Inventories, net	210,110	184,634	219,974	'
Deferred income taxes	174	218	1,490	'
Other current assets	53,918	45,031	50,829	'
Assets held for sale	11,282	202,054	'	'
Total current assets	491,014	651,713	382,187	'
Property and Equipment, Net	155,783	149,071	220,664	'
Goodwill	71,914	49,111	54,706	60,223
Intangibles, Net	94,270	90,678	128,340	'
Deferred Income Taxes	56	57	133	'
Note Receivable	85,877	'	'	'
Other Assets	37,724	36,881	40,251	'
Total Assets	936,638	977,511	826,281	'
Current Liabilities:	'	'	'	'
Short-term borrowings	5,322	3,407	47,268	'
Convertible Senior Notes	'	'	8,150	'
Accounts payable	118,605	142,654	146,665	'
Accrued expenses	173,241	200,178	197,112	'
Income taxes payable	1,588	2,631	486	'
Deferred income taxes	'	'	231	'
Liabilities held for sale	7,628	96,370	'	'
Total current liabilities	306,384	445,240	399,912	'
Long-Term Debt	390,273	390,794	383,312	'
Other Non-Current Liabilities	156,930	157,335	191,081	'
Deferred Income Taxes	16,742	16,624	22,158	'
Commitments and Contingencies	'	'	'	'
Total Stockholders' Equity (Deficit)	66,309	-32,482	-170,182	'
Total Liabilities and Stockholders' Equity (Deficit)	936,638	977,511	826,281	'
Reportable | Parent Company Issuer	'	'	'	'
CONDENSED CONSOLIDATING BALANCE SHEET	'	'	'	'
Ownership interest (as a percent)	100.00%	'	'	'
Current Assets:	'	'	'	'
Cash and cash equivalents	95,775	97,387	'	'
Accounts receivable - trade, net	1,705	4,096	3,588	'
Inventories, net	506	75	1,497	'
Other current assets	23,557	11,919	18,711	'
Total current assets	121,543	113,477	23,796	'
Property and Equipment, Net	25,266	26,811	5,889	'
Intangibles, Net	145	159	202	'
Investments in Consolidated Subsidiaries	347,252	337,519	373,300	'
Intercompany Receivable	1,908	1,825	2,108	'
Note Receivable	85,877	'	'	'
Other Assets	12,337	12,877	9,499	'
Total Assets	594,328	492,668	414,794	'
Current Liabilities:	'	'	'	'
Short-term borrowings	422	410	47,268	'
Convertible Senior Notes	'	'	8,150	'
Accounts payable	8,454	16,830	26,067	'
Intercompany payable	12,633	8,538	6,408	'
Accrued expenses	78,837	66,733	68,628	'
Liabilities held for sale	'	8,614	'	'
Total current liabilities	100,346	101,125	156,521	'
Long-Term Debt	390,273	390,794	383,312	'
Other Non-Current Liabilities	37,400	33,231	45,143	'
Total Stockholders' Equity (Deficit)	66,309	-32,482	-170,182	'
Total Liabilities and Stockholders' Equity (Deficit)	594,328	492,668	414,794	'
Reportable | Guarantor Subsidiaries	'	'	'	'
Current Assets:	'	'	'	'
Cash and cash equivalents	2,515	8,031	2,632	'
Accounts receivable - trade, net	68,082	69,315	83,994	'
Inventories, net	169,616	152,813	186,661	'
Intercompany receivable	4,511	10,033	22,739	'
Other current assets	22,569	25,511	25,403	'
Assets held for sale	'	197,823	'	'
Total current assets	267,293	463,526	321,429	'
Property and Equipment, Net	106,970	101,719	188,743	'
Goodwill	21,978	'	'	'
Intangibles, Net	86,696	82,550	115,574	'
Investments in Consolidated Subsidiaries	118,027	131,851	109,801	'
Intercompany Receivable	38,757	37,957	42,353	'
Other Assets	458	449	864	'
Total Assets	640,179	818,052	778,764	'
Current Liabilities:	'	'	'	'
Accounts payable	99,621	115,905	112,500	'
Accrued expenses	83,294	122,295	105,206	'
Liabilities held for sale	'	87,724	'	'
Total current liabilities	182,915	325,924	217,706	'
Other Non-Current Liabilities	109,482	113,519	132,680	'
Deferred Income Taxes	14,288	13,804	17,450	'
Total Stockholders' Equity (Deficit)	333,494	364,805	410,928	'
Total Liabilities and Stockholders' Equity (Deficit)	640,179	818,052	778,764	'
Reportable | Non-Guarantor Subsidiaries	'	'	'	'
Current Assets:	'	'	'	'
Cash and cash equivalents	30,187	24,804	13,434	'
Accounts receivable - trade, net	17,266	16,143	14,908	'
Inventories, net	39,988	31,746	31,816	'
Deferred income taxes	174	218	1,490	'
Other current assets	7,792	7,601	6,715	'
Assets held for sale	11,282	4,231	'	'
Total current assets	106,689	84,743	68,363	'
Property and Equipment, Net	23,547	20,541	26,032	'
Goodwill	49,936	49,111	54,706	'
Intangibles, Net	7,429	7,969	12,564	'
Deferred Income Taxes	56	57	133	'
Other Assets	24,929	23,555	29,888	'
Total Assets	212,586	185,976	191,686	'
Current Liabilities:	'	'	'	'
Short-term borrowings	4,900	2,997	'	'
Accounts payable	10,530	9,919	16,760	'
Intercompany payable	42,888	53,606	71,440	'
Accrued expenses	11,110	11,150	23,278	'
Income taxes payable	1,588	2,631	486	'
Deferred income taxes	'	'	231	'
Liabilities held for sale	7,628	32	'	'
Total current liabilities	78,644	80,335	112,195	'
Intercompany Payable	54,275	53,710	59,116	'
Other Non-Current Liabilities	10,048	10,585	13,258	'
Deferred Income Taxes	2,454	2,820	4,708	'
Total Stockholders' Equity (Deficit)	67,165	38,526	2,409	'
Total Liabilities and Stockholders' Equity (Deficit)	212,586	185,976	191,686	'
Eliminations	'	'	'	'
Current Assets:	'	'	'	'
Cash and cash equivalents	'	'	-8,662	'
Intercompany receivable	-4,511	-10,033	-22,739	'
Total current assets	-4,511	-10,033	-31,401	'
Investments in Consolidated Subsidiaries	-465,279	-469,370	-483,101	'
Intercompany Receivable	-40,665	-39,782	-44,461	'
Total Assets	-510,455	-519,185	-558,963	'
Current Liabilities:	'	'	'	'
Accounts payable	'	'	-8,662	'
Intercompany payable	-55,521	-62,144	-77,848	'
Total current liabilities	-55,521	-62,144	-86,510	'
Intercompany Payable	-54,275	-53,710	-59,116	'
Total Stockholders' Equity (Deficit)	-400,659	-403,331	-413,337	'
Total Liabilities and Stockholders' Equity (Deficit)	($510,455)	($519,185)	($558,963)	'

SUPPLEMENTAL_CONDENSED_CONSOLI3

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'
Net Sales	$328,091	$245,687
Cost of goods sold	146,624	104,631
Gross Profit	181,467	141,056
Selling, general & administrative expenses	224,549	163,091
Operating Loss	-43,082	-22,035
Other (expense) income, net	-251	-1,905
Loss on sales of trademarks	'	-1,274
Loss on extinguishment of debt	'	-1,108
Interest (expense) income, net	-9,522	-12,341
(Loss) Income Before Provision for Income Taxes	-52,855	-38,663
Provision for income taxes	1,807	954
Loss from Continuing Operations	-54,662	-39,617
Discontinued operations, net of income taxes	100,832	-12,557
Net income (loss)	46,170	-52,174
Reportable | Parent Company Issuer	'	'
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'
Net Sales	399	3,617
Cost of goods sold	111	2,357
Gross Profit	288	1,260
Selling, general & administrative expenses	1,910	1,421
Operating Loss	-1,622	-161
Other (expense) income, net	-581	-1,077
Loss on sales of trademarks	'	-1,274
Equity in (losses) earnings of consolidated subsidiaries - continuing operations	-43,103	-23,889
Loss on extinguishment of debt	'	-1,108
Interest (expense) income, net	-9,356	-12,108
(Loss) Income Before Provision for Income Taxes	-54,662	-39,617
Loss from Continuing Operations	-54,662	-39,617
Discontinued operations, net of income taxes	220,217	-3,570
Equity in (losses) earnings of consolidated subsidiaries - discontinued operations, net of income taxes	-119,385	-8,987
Net income (loss)	46,170	-52,174
Reportable | Guarantor Subsidiaries	'	'
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'
Net Sales	275,081	211,129
Cost of goods sold	126,471	91,270
Gross Profit	148,610	119,859
Selling, general & administrative expenses	189,543	139,558
Operating Loss	-40,933	-19,699
Other (expense) income, net	83	-15
Equity in (losses) earnings of consolidated subsidiaries - continuing operations	-13,923	-5,811
Interest (expense) income, net	507	333
(Loss) Income Before Provision for Income Taxes	-54,266	-25,192
Provision for income taxes	866	1,425
Loss from Continuing Operations	-55,132	-26,617
Discontinued operations, net of income taxes	-117,234	2,142
Equity in (losses) earnings of consolidated subsidiaries - discontinued operations, net of income taxes	-2,368	-10,584
Net income (loss)	-174,734	-35,059
Reportable | Non-Guarantor Subsidiaries	'	'
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'
Net Sales	52,611	30,941
Cost of goods sold	20,042	11,004
Gross Profit	32,569	19,937
Selling, general & administrative expenses	33,096	22,112
Operating Loss	-527	-2,175
Other (expense) income, net	247	-813
Interest (expense) income, net	-673	-566
(Loss) Income Before Provision for Income Taxes	-953	-3,554
Provision for income taxes	941	-471
Loss from Continuing Operations	-1,894	-3,083
Discontinued operations, net of income taxes	-2,151	-11,129
Net income (loss)	-4,045	-14,212
Eliminations	'	'
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'
Equity in (losses) earnings of consolidated subsidiaries - continuing operations	57,026	29,700
(Loss) Income Before Provision for Income Taxes	57,026	29,700
Loss from Continuing Operations	57,026	29,700
Equity in (losses) earnings of consolidated subsidiaries - discontinued operations, net of income taxes	121,753	19,571
Net income (loss)	$178,779	$49,271

SUPPLEMENTAL_CONDENSED_CONSOLI4

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Net Income (Loss)	$46,170	($52,174)
Other Comprehensive Income (Loss), Net of Income Taxes	1,305	-4,074
Comprehensive Income (Loss)	47,475	-56,248
Reportable | Parent Company Issuer	'	'
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Net Income (Loss)	46,170	-52,174
Other Comprehensive Income (Loss), Net of Income Taxes	1,305	-4,074
Comprehensive Income (Loss)	47,475	-56,248
Reportable | Guarantor Subsidiaries	'	'
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Net Income (Loss)	-174,734	-35,059
Other Comprehensive Income (Loss), Net of Income Taxes	1,743	-3,778
Comprehensive Income (Loss)	-172,991	-38,837
Reportable | Non-Guarantor Subsidiaries	'	'
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Net Income (Loss)	-4,045	-14,212
Other Comprehensive Income (Loss), Net of Income Taxes	1,231	-3,963
Comprehensive Income (Loss)	-2,814	-18,175
Eliminations	'	'
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Net Income (Loss)	178,779	49,271
Other Comprehensive Income (Loss), Net of Income Taxes	-2,974	7,741
Comprehensive Income (Loss)	$175,805	$57,012

SUPPLEMENTAL_CONDENSED_CONSOLI5

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 4) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013	Dec. 28, 2013
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'	'
Net cash provided by (used in) operating activities	($98,590)	($66,085)	'
Cash Flows from Investing Activities:	'	'	'
Net payments for dispositions	-7,747	'	'
Purchases of property and equipment	-27,921	-15,465	'
Payments for purchases of businesses	-32,268	'	'
Payments for in-store merchandise shops	-786	-232	'
Investments in and advances to equity investee	'	-3,000	'
Other, net	66	-52	'
Net cash provided by (used in) investing activities of discontinued operations	138,454	-7,801	'
Net cash provided by (used in) investing activities	69,798	-26,550	'
Cash Flows from Financing Activities:	'	'	'
Proceeds from borrowings under revolving credit agreement	1,908	136,385	'
Repayment of borrowings under revolving credit agreement	'	-92,301	'
Principal payments under capital lease obligations	-98	-1,161	'
Proceeds from exercise of stock options	30,336	395	'
Payment of deferred financing fees	-982	-444	'
Net cash provided by financing activities	31,164	42,874	'
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-533	-2,237	'
Net Change in Cash and Cash Equivalents	1,839	-51,998	'
Cash and Cash Equivalents at Beginning of Period	130,222	59,402	'
Cash and Cash Equivalents at End of Period	132,061	7,404	'
Less: Cash and Cash Equivalents Held for Sale	3,584	'	'
Cash and Cash Equivalents	128,477	7,404	130,222
Reportable | Parent Company Issuer	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'	'
Net cash provided by (used in) operating activities	11,651	-24,527	'
Cash Flows from Investing Activities:	'	'	'
Net payments for dispositions	-7,747	'	'
Purchases of property and equipment	-1,310	-1,216	'
(Increase) decrease in investments in and advances to consolidated subsidiaries	-177,446	-40,672	'
Other, net	172	-269	'
Net cash provided by (used in) investing activities of discontinued operations	139,707	'	'
Net cash provided by (used in) investing activities	-46,624	-42,157	'
Cash Flows from Financing Activities:	'	'	'
Proceeds from borrowings under revolving credit agreement	24	136,385	'
Repayment of borrowings under revolving credit agreement	'	-92,301	'
Increase (decrease) in intercompany loans	4,012	-1,259	'
Principal payments under capital lease obligations	-98	-1,161	'
Proceeds from exercise of stock options	30,336	395	'
Payment of deferred financing fees	-946	-444	'
Net cash provided by financing activities	33,328	41,615	'
Effect of Exchange Rate Changes on Cash and Cash Equivalents	33	-5,771	'
Net Change in Cash and Cash Equivalents	-1,612	-30,840	'
Cash and Cash Equivalents at Beginning of Period	97,387	30,840	'
Cash and Cash Equivalents at End of Period	95,775	'	'
Cash and Cash Equivalents	95,775	'	97,387
Reportable | Guarantor Subsidiaries	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'	'
Net cash provided by (used in) operating activities	-103,274	-46,869	'
Cash Flows from Investing Activities:	'	'	'
Purchases of property and equipment	-22,757	-11,430	'
Payments for purchases of businesses	-26,478	'	'
Payments for in-store merchandise shops	-633	-148	'
(Increase) decrease in investments in and advances to consolidated subsidiaries	141,577	76,168	'
Other, net	-55	214	'
Net cash provided by (used in) investing activities of discontinued operations	-1,238	-5,310	'
Net cash provided by (used in) investing activities	90,416	59,494	'
Cash Flows from Financing Activities:	'	'	'
Increase (decrease) in intercompany loans	4,722	-14,855	'
Net cash provided by financing activities	4,722	-14,855	'
Effect of Exchange Rate Changes on Cash and Cash Equivalents	2,620	35	'
Net Change in Cash and Cash Equivalents	-5,516	-2,195	'
Cash and Cash Equivalents at Beginning of Period	8,031	4,827	'
Cash and Cash Equivalents at End of Period	2,515	2,632	'
Cash and Cash Equivalents	2,515	2,632	8,031
Reportable | Non-Guarantor Subsidiaries	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'	'
Net cash provided by (used in) operating activities	-6,967	11,634	'
Cash Flows from Investing Activities:	'	'	'
Purchases of property and equipment	-3,854	-2,819	'
Payments for purchases of businesses	-5,790	'	'
Payments for in-store merchandise shops	-153	-84	'
Investments in and advances to equity investee	'	-3,000	'
(Increase) decrease in investments in and advances to consolidated subsidiaries	35,869	-35,496	'
Other, net	-51	3	'
Net cash provided by (used in) investing activities of discontinued operations	-15	-2,491	'
Net cash provided by (used in) investing activities	26,006	-43,887	'
Cash Flows from Financing Activities:	'	'	'
Proceeds from borrowings under revolving credit agreement	1,884	'	'
Increase (decrease) in intercompany loans	-8,734	16,114	'
Payment of deferred financing fees	-36	'	'
Net cash provided by financing activities	-6,886	16,114	'
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3,186	3,499	'
Net Change in Cash and Cash Equivalents	8,967	-12,640	'
Cash and Cash Equivalents at Beginning of Period	24,804	26,074	'
Cash and Cash Equivalents at End of Period	33,771	13,434	'
Less: Cash and Cash Equivalents Held for Sale	3,584	'	'
Cash and Cash Equivalents	30,187	13,434	24,804
Eliminations	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'	'
Net cash provided by (used in) operating activities	'	-6,323	'
Cash Flows from Financing Activities:	'	'	'
Net Change in Cash and Cash Equivalents	'	-6,323	'
Cash and Cash Equivalents at Beginning of Period	'	-2,339	'
Cash and Cash Equivalents at End of Period	'	-8,662	'
Cash and Cash Equivalents	'	($8,662)	'

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details)	0 Months Ended	3 Months Ended					0 Months Ended
In Millions, unless otherwise specified	Apr. 14, 2014	Apr. 05, 2014	Jul. 12, 2012	Jun. 30, 2012	Apr. 07, 2011	Apr. 14, 2014	Apr. 10, 2014	12-May-14	Jul. 05, 2014	12-May-14
	Senior Notes	Senior Notes	Senior Notes	Senior Notes	Senior Notes	Senior Notes	Subsequent event	Subsequent event	Subsequent event	Subsequent event
			EUR (€)	USD ($)	USD ($)	Maximum	Term Loan	Senior Notes	Senior Notes	Senior Notes
						USD ($)	USD ($)	USD ($)	USD ($)	Maximum
										USD ($)
Subsequent event	'	'	'	'	'	'	'	'	'	'
Aggregate principal amount	'	'	'	$152	'	'	$400	'	'	'
Quarterly amortization payments	'	'	'	'	'	'	1	'	'	'
Variable rate basis	'	'	'	'	'	'	'LIBOR	'	'	'
Floor rate (as a percent)	'	'	'	'	'	'	1.00%	'	'	'
Spread on variable rate basis	'	'	'	'	'	'	3.00%	'	'	'
Aggregate principal amount of debt redeemed	'	'	'	'	'	37.2	'	'	334.8	334.8
Repurchase price as percentage of principal amount, plus accrued and unpaid interest	103.00%	100.00%	'	'	'	'	'	105.25%	'	'
Outstanding amount of debt	'	'	€ 52.90	'	$220	'	'	$0	'	'