Kate Spade & Co (KATE) 10-Q 6 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Oct. 04, 2014	Oct. 24, 2014
Document and Entity Information	'	'
Entity Registrant Name	'Kate Spade & Co.	'
Entity Central Index Key	'0000352363	'
Document Type	'10-Q	'
Document Period End Date	4-Oct-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--01-03	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	127,111,444
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Oct. 04, 2014	Dec. 28, 2013	Sep. 28, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'	'
Cash and cash equivalents	$123,334	$130,222	$6,832
Accounts receivable - trade, net	62,275	89,554	121,833
Inventories, net	220,725	184,634	310,638
Deferred income taxes	369	218	806
Other current assets	40,077	45,031	58,846
Assets held for sale	'	202,054	'
Total current assets	446,780	651,713	498,955
Property and Equipment, Net	176,359	149,071	244,471
Goodwill	68,871	49,111	52,679
Intangibles, Net	92,689	90,678	122,602
Deferred Income Taxes	56	57	64
Note Receivable	87,853	'	'
Other Assets	33,038	36,881	38,241
Total Assets	905,646	977,511	957,012
Current Liabilities:	'	'	'
Short-term borrowings	7,446	3,407	137,440
Accounts payable	111,612	142,654	217,754
Accrued expenses	150,236	200,178	209,370
Income taxes payable	1,864	2,631	1,326
Liabilities held for sale	'	96,370	'
Total current liabilities	271,158	445,240	565,890
Long-Term Debt	401,351	390,794	391,279
Other Non-Current Liabilities	145,650	157,335	198,878
Deferred Income Taxes	17,321	16,624	21,680
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	193,602	155,984	151,572
Retained earnings	1,021,668	1,020,633	838,027
Accumulated other comprehensive loss	-25,108	-20,879	-17,201
Total Kate Spade & Company, stockholders' deficit, excluding treasury stock	1,366,599	1,332,175	1,148,835
Common stock in treasury, at cost 49,327,555, 53,501,234 and 53,750,374 shares	-1,296,433	-1,364,657	-1,369,550
Total stockholders' equity (deficit)	70,166	-32,482	-220,715
Total Liabilities and Stockholders' Equity (Deficit)	$905,646	$977,511	$957,012

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Oct. 04, 2014	Dec. 28, 2013	Sep. 28, 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	49,327,555	53,501,234	53,750,374

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS	'	'	'	'
Net Sales	$250,417	$192,612	$740,029	$527,942
Cost of goods sold	93,103	74,390	289,982	201,146
Gross Profit	157,314	118,222	450,047	326,796
Selling, general & administrative expenses	153,767	116,251	463,499	336,450
Impairment of intangible assets	'	3,300	'	3,300
Operating (Loss) Income	3,547	-1,329	-13,452	-12,954
Other income (expense), net	-1,805	893	-1,717	-1,809
Impairment of cost investment	'	'	'	-6,109
Loss on extinguishment of debt	'	-599	-16,914	-1,707
Interest expense, net	-2,189	-12,117	-18,185	-35,877
Loss Before (Benefit) Provision for Income Taxes	-447	-13,152	-50,268	-58,456
(Benefit) provision for income taxes	-3,070	1,013	-500	3,042
(Loss) Income from Continuing Operations	2,623	-14,165	-49,768	-61,498
Discontinued operations, net of income taxes	-11,753	-2,701	82,404	-50,679
Net Income (Loss)	($9,130)	($16,866)	$32,636	($112,177)
Earnings Per Share, Basic [Abstract]	'	'	'	'
(Loss) income from continuing operations (in dollars per share)	$0.02	($0.12)	($0.40)	($0.51)
Net Income (Loss) (in dollars per share)	($0.07)	($0.14)	$0.26	($0.93)
Earnings Per Share, Diluted [Abstract]	'	'	'	'
(Loss) income from continuing operations (in dollars per share)	$0.02	($0.12)	($0.40)	($0.51)
Net Income (Loss) (in dollars per share)	($0.07)	($0.14)	$0.26	($0.93)
Weighted Average Number of Shares Outstanding, Basic	126,971	122,396	125,972	120,480
Weighted Average Number of Shares Outstanding, Diluted	127,610	122,396	125,972	120,480

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'	'
Net Income (Loss)	($9,130)	($16,866)	$32,636	($112,177)
Other Comprehensive Income (Loss), Net of Income Taxes:	'	'	'	'
Cumulative translation adjustment, net of income taxes of $0	-5,415	257	-3,927	-7,671
Change in fair value of cash flow hedging derivatives, net of income taxes of $0, $333, $0 and $(288), respectively	430	-469	-302	544
Comprehensive Income (Loss)	($14,115)	($17,078)	$28,407	($119,304)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'	'
Cumulative translation adjustment, income taxes	'	'	$0	'
Change in fair value of cash flow hedges, income taxes	$264	($288)	($185)	$333

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013
Cash Flows from Operating Activities:	'	'
Net Income (Loss)	$32,636	($112,177)
Adjustments to arrive at income (loss) from continuing operations	-82,404	50,679
Loss from continuing operations	-49,768	-61,498
Adjustments to reconcile income (loss) from continuing operations to net cash (used in) provided by operating activities:	'	'
Depreciation and amortization	39,240	27,311
Impairment of intangible assets	'	3,300
Loss on asset disposals and impairments, including streamlining initiatives, net	2,653	7,928
Share-based compensation	31,772	3,756
Loss on extinguishment of debt, net	16,914	1,707
Foreign currency translation losses, net	2,287	7,192
Other, net	1,358	1,051
Changes in assets and liabilities:	'	'
(Increase) decrease in accounts receivable - trade, net	2,324	6,327
Increase inventories, net	-82,144	-49,557
Increase in other current and non-current assets	-8,759	-15,994
Decrease in accounts payable	9,071	23,622
Decrease in accrued expenses and other non-current liabilities	-22,522	-15,220
Net change in income tax assets and liabilities	-174	3,099
Net cash provided by (used in) operating activities of discontinued operations	-17,823	-65,198
Net cash used in operating activities	-75,571	-122,174
Cash Flows from Investing Activities:	'	'
Proceeds from sales of property and equipment	'	20,264
Purchases of property and equipment	-67,534	-46,225
Payments for purchases of businesses	-32,268	'
Payments for in-store merchandise shops	-4,318	-1,621
Investments in and advances to equity investees	'	-5,500
Net proceeds from dispositions	'	4,000
Other, net	-30	372
Net cash provided by (used in) investing activities of discontinued operations	137,922	-34,925
Net cash provided by (used in) investing activities	33,772	-63,635
Cash Flows from Financing Activities:	'	'
Proceeds from borrowings under revolving credit agreement	5,063	495,696
Repayment of borrowings under revolving credit agreement	-4,960	-359,543
Proceeds from capital lease	'	8,673
Principal payments under capital lease obligations	-303	-3,747
Proceeds from issuance of Term Loan	398,000	'
Repayment of Senior Notes	-390,693	'
Repayment of Term Loan	-1,000	'
Proceeds from exercise of stock options	41,410	2,326
Payment of deferred financing fees	-9,282	-5,271
Net cash provided by financing activities	38,235	138,134
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3,324	-4,895
Net Change in Cash and Cash Equivalents	-6,888	-52,570
Cash and Cash Equivalents at Beginning of Period	130,222	59,402
Cash and Cash Equivalents at End of Period	$123,334	$6,832

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Oct. 04, 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 sale 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.”
	During the second quarter of 2014, the Company determined it would disaggregate its former KATE SPADE reportable segment into two reportable segments, KATE SPADE North America and KATE SPADE International. The Company operates its kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands through one operating segment in North America and four operating segments internationally: Japan, Southeast Asia, Europe and South America. The Company’s Adelington Design Group reportable segment is also an operating segment. The three reportable segments described below represent the Company’s 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 considers its management structure and the economic characteristics, products, customers, sales growth potential and long-term profitability of its operating segments. As such, the Company configured its operations into the following three reportable segments:
		·	KATE SPADE North America segment – consists of the Company’s kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in North America.
		·	KATE SPADE International segment – consists of the Company’s kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in International markets (principally in Japan, Southeast Asia, Europe and South America).
		·	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.
	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 completed the sale of 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 an affiliate of Authentic Brands Group (“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, which was substantially completed in the second quarter of 2014. Juicy Couture paid 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.
	On November 19, 2013, the Company entered into an agreement to terminate the lease of the Juicy Couture flagship store on Fifth Avenue in New York City in exchange for $51.0 million. On May 15, 2014, the Company surrendered such premises to the landlord and received proceeds of $45.8 million (net of taxes and fees), in addition to $5.0 million previously received by the Company.
	The activities of the Company’s former Lucky Brand and Juicy Couture businesses have been segregated and reported as discontinued operations for all periods presented.
	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 13-week, three-month period and a 40-week, nine-month period for the third quarter. The 2013 fiscal year, ending December 28, 2013, reflects a 52-week period, resulting in a 13-week, three-month period and a 39-week, nine-month period for the third 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 third 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	9 Months Ended
	Oct. 04, 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, Indonesia and Thailand through distribution agreements and funded approximately $1.5 million to Globalluxe to acquire operating assets in those 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 International 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	9 Months Ended
	Oct. 04, 2014
DISCONTINUED OPERATIONS	'
DISCONTINUED OPERATIONS	'
	3.    DISCONTINUED OPERATIONS
	The components of Assets held for sale and Liabilities held for sale related to the former Lucky Brand business as of December 28, 2013 were as follows:
	In thousands	December 28, 2013
	Assets held for sale:
	Cash and cash equivalents	$	163
	Accounts receivable – trade, net	41,709
	Inventories, net	80,503
	Property and Equipment, net	68,533
	Other assets	11,146
	Assets held for sale	$	202,054
	Liabilities held for sale:
	Accounts payable	$	52,977
	Accrued expenses	27,773
	Other liabilities	15,620
	Liabilities held for sale	$	96,370
	The Company completed the sale of Lucky Brand in February 2014 and substantially completed the wind-down operations of the Juicy Couture business in the second quarter of 2014.
	The Company recorded pretax income (charges) of $131.0 million and $(31.6) million ($128.0 million and $(31.6) million, after tax) during the nine months ended October 4, 2014 and September 28, 2013, respectively, and $(2.8) million and $(7.8) million ($(5.8) million and $(7.8) million, after tax) during the three months ended October 4, 2014 and September 28, 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:
		Nine Months Ended						Three Months Ended
		October 4,			September 28,			October 4,			September 28,
		2014			2013			2014			2013
		(40 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	In thousands
	Net sales	$	209,179		$	656,402		$	521		$	237,992
	(Loss) income before provision for income taxes	$	(44,913	)	$	(18,371	)	$	(5,970	)	$	5,378
	Provision for income taxes	656			693			13			255
	(Loss) income from discontinued operations, net of income taxes	$	(45,569	)	$	(19,064	)	$	(5,983	)	$	5,123
	Income (loss) on disposal of discontinued operations, net of income taxes	$	127,973		$	(31,615	)	$	(5,770	)	$	(7,824	)
	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 closed Juicy Couture offices and retail locations. These actions, which were substantially completed by the end of the second quarter of 2014, resulted in charges related to asset impairments, severance and other items. For the nine months ended October 4, 2014 and September 28, 2013, the Company recorded charges of $25.4 million and $2.6 million, respectively, and recorded charges of $0.3 million and $0.4 million for the three months ended October 4, 2014 and September 28, 2013, respectively, related to its streamlining initiatives within Discontinued operations, net of income taxes.

STOCKHOLDERS_EQUITY_DEFICIT

STOCKHOLDERS' EQUITY (DEFICIT)	9 Months Ended
	Oct. 04, 2014
STOCKHOLDERS' EQUITY (DEFICIT)	'
STOCKHOLDERS EQUITY (DEFICIT)	'
	4.    STOCKHOLDERS’ EQUITY (DEFICIT)
	Activity for the nine months ended October 4, 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 in
		of Par Value				Earnings			Treasury, at Cost
	Balance as of December 28, 2013		$	155,984		$	1,020,633		$	(1,364,657	)
	Net income		--			32,636			--
	Exercise of stock options		--			(22,430		)	63,840
	Restricted shares issued, net of cancellations and shares withheld for taxes		--			(9,171		)	4,384
	Share-based compensation		37,618			--			--
	Balance as of October 4, 2014		$	193,602		$	1,021,668		$	(1,296,433	)
	Activity for the nine months ended September 28, 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 in
		of Par Value				Earnings			Treasury, at Cost
	Balance as of December 29, 2012		$	147,018		$	1,071,551		$	(1,511,862	)
	Net loss		--			(112,177		)	--
	Exercise of stock options		--			(3,773		)	6,099
	Restricted shares issued, net of cancellations and shares withheld for taxes		--			(5,344		)	3,212
	Share-based compensation		5,206			--			--
	Exchanges of Convertible Senior Notes, net		(652		)	(112,230		)	133,001
	Balance as of September 28, 2013		$	151,572		$	838,027		$	(1,369,550	)
	Accumulated other comprehensive (loss) income consisted of the following:
	In thousands	October 4, 2014				December 28, 2013				September 28, 2013
	Cumulative translation adjustment, net of income taxes of $0		$	(25,789	)		$	(21,862	)	$	(17,745	)
	Unrealized gains on cash flow hedging derivatives, net of income taxes of $417, $602 and $333, respectively		681				983			544
	Accumulated other comprehensive loss, net of income taxes		$	(25,108	)		$	(20,879	)	$	(17,201	)
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the nine months ended October 4, 2014:
	In thousands	Cumulative Translation					Unrealized Gains
		Adjustment					(Losses) on Cash
							Flow Hedging
							Derivatives
	Balance as of December 28, 2013		$	(21,862	)			$	983
	Other comprehensive (loss) income before reclassification		(3,927		)			336
	Amounts reclassified from accumulated other comprehensive income		--					(638		)
	Net current-period other comprehensive loss		(3,927		)			(302		)
	Balance as of October 4, 2014		$	(25,789	)			$	681
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the nine months ended September 28, 2013:
	In thousands	Cumulative Translation					Unrealized Gains
		Adjustment					(Losses) on Cash
							Flow Hedging
							Derivatives
	Balance as of December 29, 2012		$	(10,074	)			$	--
	Other comprehensive (loss) income before reclassification		(7,671		)			1,099
	Amounts reclassified from accumulated other comprehensive income		--					(555		)
	Net current-period other comprehensive (loss) income		(7,671		)			544
	Balance as of September 28, 2013		$	(17,745	)			$	544
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended October 4, 2014:
	In thousands	Cumulative Translation					Unrealized Gains
		Adjustment					(Losses) on Cash
							Flow Hedging
							Derivatives
	Balance as of July 5, 2014		$	(20,374	)			$	251
	Other comprehensive (loss) income before reclassification		(5,415		)			578
	Amounts reclassified from accumulated other comprehensive income		--					(148		)
	Net current-period other comprehensive (loss) income		(5,415		)			430
	Balance as of October 4, 2014		$	(25,789	)			$	681
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended September 28, 2013:
	In thousands	Cumulative Translation					Unrealized Gains
		Adjustment					(Losses) on Cash
							Flow Hedging
							Derivatives
	Balance as of June 29, 2013		$	(18,002	)			$	1,013
	Other comprehensive income (loss) before reclassification		257					(101		)
	Amounts reclassified from accumulated other comprehensive income		--					(368		)
Net current-period other comprehensive income (loss)		257					(469		)
Balance as of September 28, 2013		$	(17,745	)			$	544

INVENTORIES_NET

INVENTORIES, NET	9 Months Ended
	Oct. 04, 2014
INVENTORIES, NET	'
INVENTORIES, NET	'
	5.    INVENTORIES, NET
	Inventories, net consisted of the following:
	In thousands	October 4, 2014			December 28, 2013			September 28, 2013
	Raw materials and work in process		$	622		$	1,028		$	1,999
	Finished goods			220,103			183,606			308,639
	Total inventories, net		$	220,725		$	184,634		$	310,638

PROPERTY_AND_EQUIPMENT_NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Oct. 04, 2014
PROPERTY AND EQUIPMENT, NET	'
PROPERTY AND EQUIPMENT, NET	'
	6.    PROPERTY AND EQUIPMENT, NET
	Property and equipment, net consisted of the following:
	In thousands		October 4, 2014			December 28, 2013			September 28, 2013
	Land and buildings			$	9,300		$	9,300		$	9,300
	Machinery and equipment (a)			155,568			171,811			209,196
	Furniture and fixtures (a)			59,422			83,753			142,707
	Leasehold improvements (a)			124,521			173,207			269,515
				348,811			438,071			630,718
	Less: Accumulated depreciation and amortization (a)			172,452			289,000			386,247
	Total property and equipment, net			$	176,359		$	149,071		$	244,471
		(a)		The decrease in the balance compared to September 28, 2013 primarily reflected the sale of the former Lucky Brand business and the wind-down of the Juicy Couture business, including non-cash impairment charges recorded in the fourth quarter of 2013.
	Depreciation and amortization expense on property and equipment for the nine months ended October 4, 2014 and September 28, 2013 was $26.5 million and $18.9 million, respectively, which included depreciation for property and equipment under capital leases of $0.6 million and $1.7 million, respectively. Depreciation and amortization expense on property and equipment for the three months ended October 4, 2014 and September 28, 2013 was $9.4 million and $6.6 million, respectively, which included depreciation for property and equipment under capital leases of $0.2 million and $0.7 million, respectively. Property and equipment under capital leases was $9.3 million, $9.3 million and $31.9 million as of October 4, 2014, December 28, 2013 and September 28, 2013, respectively.
	During the third quarter of 2013, the Company sold its West Chester, OH distribution center (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.

GOODWILL_AND_INTANGIBLES_NET

GOODWILL AND INTANGIBLES, NET	9 Months Ended
	Oct. 04, 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		October 4, 2014			December 28, 2013			September 28, 2013
			Average
			Amortization
			Period
	Amortized intangible assets:
	Gross carrying amount:
	Owned trademarks (a)		5 years		$	2,000		$	2,000		$	3,479
	Customer relationships		11 years		7,493			7,273			7,335
	Merchandising rights (b)		4 years		10,322			6,087			17,188
	Reacquired rights (c)		2 years		15,323			11,299			12,131
	Other		4 years		2,322			2,322			2,322
	Subtotal				37,460			28,981			42,455
	Accumulated amortization:
	Owned trademarks				(400		)	(100		)	(1,475		)
	Customer relationships				(4,637		)	(4,022		)	(3,843		)
	Merchandising rights				(3,716		)	(2,595		)	(10,974		)
	Reacquired rights				(8,715		)	(4,394		)	(3,707		)
	Other				(2,203		)	(2,092		)	(2,054		)
	Subtotal				(19,671		)	(13,203		)	(22,053		)
	Net:
	Owned trademarks				1,600			1,900			2,004
	Customer relationships				2,856			3,251			3,492
	Merchandising rights				6,606			3,492			6,214
	Reacquired rights				6,608			6,905			8,424
	Other				119			230			268
	Total amortized intangible assets, net				17,789			15,778			20,402
	Unamortized intangible assets:
	Owned trademarks (d)				74,900			74,900			102,200
	Total intangible assets				$	92,689		$	90,678		$	122,602
	Goodwill (c)				$	68,871		$	49,111		$	52,679
		(a)		The change in the balance reflected the sale of the Lucky Brand business and the Juicy Couture IP (see Note 1 – Basis of Presentation).
		(b)		The decrease in the balance compared to September 28, 2013 primarily reflected the sale of the Lucky Brand business and the wind-down of the Juicy Couture business, including impairment charges recorded in the fourth quarter of 2013.
		(c)		The increase in the balance compared to September 28, 2013 primarily reflected the reacquired existing KATE SPADE businesses in Southeast Asia (see Note 2 – Acquisition).
		(d)		The decrease in the balance compared to September 28, 2013 primarily reflected the sale of the Juicy Couture IP.
	Amortization expense of intangible assets was $6.5 million and $4.4 million for the nine months ended October 4, 2014 and September 28, 2013, respectively, and $1.9 million and $1.4 million for the three months ended October 4, 2014 and September 28, 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		$	9.2
	2015		8.0
	2016		2.4
	2017		1.9
	2018		1.1
	The changes in carrying amount of goodwill for the nine months ended October 4, 2014 were as follows:
	In thousands			KATE SPADE					Adelington					Total
				International					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			(2,006		)			(70		)			(2,076		)
	Balance as of October 4, 2014			$	67,494				$	1,377				$	68,871
	The changes in carrying amount of goodwill for the nine months ended September 28, 2013 were as follows:
	In thousands			KATE SPADE					Adelington					Total
				International					Design Group
	Balance as of December 29, 2012			$	58,669				$	1,554				$	60,223
	Translation adjustment			(7,493		)			(51		)			(7,544		)
	Balance as of September 28, 2013			$	51,176				$	1,503				$	52,679
	The Company completed its annual goodwill impairment tests as of the first day of the third quarter of 2014. No impairment was recognized as of that date.

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Oct. 04, 2014
INCOME TAXES	'
INCOME TAXES	'
	8.    INCOME TAXES
	During the third 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 benefit for income taxes for the nine and three months ended October 4, 2014 primarily represented an income tax benefit within continuing operations due to the recognition of tax expense within discontinued operations, partially offset by 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. During the nine and three months ended October 4, 2014, the Company recorded a tax charge of $3.0 million within discontinued operations related to the dispositions of the Lucky Brand business and Juicy Couture IP and recognized an income tax benefit of a corresponding amount within continuing operations as a result of an intra-period allocation.
	The Company’s provision for income taxes for the nine and three months ended September 28, 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 2009 and prior and, with a few exceptions, this applies to tax examinations by state authorities as well. 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. The statute of limitations for these years expires in December of 2014. 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, inclusive of interest and penalties, by an amount between $85.5 million and $87.6 million within the next 12 months due to either settlement or the expiration of the statute of limitations. As of October 4, 2014, uncertain tax positions of $80.6 million exist, which would provide an effective rate impact in the future if subsequently recognized.
	For interim financial statement purposes, US GAAP income tax expense related to ordinary income is determined by applying an estimated annual effective income tax rate against the Company’s ordinary income. Income tax expense (benefit) related to items not characterized as ordinary income is recognized as a discrete item when incurred. The estimation of the Company’s annual effective income tax rate requires the use of management forecasts and other estimates, a projection of jurisdictional taxable income and losses, application of statutory income tax rates, and an evaluation of valuation allowances. The Company’s estimated annual effective income tax rate may be revised, if necessary, in each interim period during the fiscal year.

DEBT_AND_LINES_OF_CREDIT

DEBT AND LINES OF CREDIT	9 Months Ended
	Oct. 04, 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		October 4, 2014			December 28, 2013		September 28, 2013
	10.5% Senior Secured Notes, due April 2019 (a)		$	--		$	382,209	$	382,588
	Term Loan credit facility, due April 2021 (a)(b)		397,106			--		--
	Revolving credit facility		3,000			2,997		136,233
	Capital lease obligations (c)		8,691			8,995		9,898
	Total debt		408,797			394,201		528,719
	Less: Short-term borrowings (d)		7,446			3,407		137,440
	Long-term debt		$	401,351		$	390,794	$	391,279
		(a)		The Senior Notes were refinanced in the second quarter of 2014 with proceeds from the issuance of term loans in an aggregate principal amount of $400.0 million (collectively, the “Term Loan”).
		(b)		The balance as of October 4, 2014 reflected the issuance of the Term Loan, an amortization payment of $1.0 million and an unamortized debt discount of $1.9 million.
		(c)		The decrease in the balance compared to September 28, 2013 primarily reflected the expiration of a capital lease for machinery and equipment during the fourth quarter of 2013.
		(d)		At October 4, 2014, the balance consisted of $4.0 million of Term Loan amortization payments, outstanding borrowings under the Company’s amended and restated revolving credit facility (as amended to date, the “ABL Facility”) and obligations under capital leases. At December 28, 2013 and September 28, 2013, the balance consisted of outstanding borrowings under the ABL Facility and obligations under capital leases.
	Convertible Notes
	During the first quarter of 2013, a holder of $11.2 million aggregate principal amount of the Company’s 6.0% Convertible Senior Notes due June 2014 (the “Convertible Notes”) converted all of such outstanding Convertible Notes into 3,171,670 shares of the Company’s common stock. During the third quarter of 2013, holders of the remaining $8.8 million aggregate principal amount of the Convertible Notes converted all of such outstanding Convertible Notes into 2,462,509 shares of the Company’s common stock. The Company recognized pretax losses of $1.7 million and $0.6 million on the extinguishment of debt related to the Convertible Notes for the nine and three months ended September 28, 2013.
	Senior Notes
	On April 7, 2011, the Company completed an offering of $220.0 million principal amount of 10.5% Senior Secured Notes due April 2019 (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 then outstanding 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 ABL 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”).
	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 April 14, 2014, the Company redeemed $37.2 million aggregate principal amount of the Senior Notes at a price equal to 103.0% of their aggregate principal amount, plus accrued interest using cash on hand. On May 12, 2014, the Company redeemed the remaining $334.8 million aggregate principal amount of the Senior Notes at a price equal to 105.25% of their aggregate principal amount, plus accrued interest, with the proceeds from the Term Loan. The Company recognized a $16.9 million loss on extinguishment of debt related to these transactions in the second quarter of 2014.
	Term Loan
	On April 10, 2014, the Company entered into a term loan credit agreement (the “Term Loan Credit Agreement”), which provides for term loans in an aggregate principal amount of $400.0 million, maturing in April 2021. The Term Loan is subject to amortization payments of $1.0 million per quarter, which commenced on October 1, 2014, 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 Term Loan was funded on May 12, 2014, and the Company used $354.8 million of the net proceeds of $392.0 million from the Term Loan to redeem the Company’s remaining outstanding Senior Notes on May 12, 2014 as discussed above. The Term Loan and other obligations under the Term Loan Credit Agreement are guaranteed by certain of the Company’s restricted subsidiaries (the “Guarantors”), which include (i) all of the Company’s existing material domestic restricted subsidiaries, (ii) all future wholly owned restricted subsidiaries of the Company (other than foreign subsidiaries, CFCs, CFC holding companies and subsidiaries of any of the foregoing and certain immaterial subsidiaries) and (iii) all future non-wholly owned restricted subsidiaries of the Company that guarantee capital markets debt securities or term indebtedness of the Company or any Guarantor.
	The Term Loan Credit Agreement permits the Company to incur, from time to time, additional incremental term loans under the Term Loan Credit Agreement (subject to obtaining commitments for such term loans) and other pari passu lien indebtedness, subject to an overall limit of $100.0 million plus such additional amount that would cause the Company’s consolidated net total secured debt ratio not to exceed 3.75 to 1.0 on a pro forma basis. Any such incremental term loans and other pari passu lien indebtedness are permitted to share in the collateral described below on a pari passu basis with the Term Loan. The Term Loan may be prepaid, at the Company’s option, in whole or in part, at any time at par plus accrued interest; provided that if the Term Loan is prepaid or refinanced in connection with a repricing transaction within six months after the initial borrowing, a 1.0% penalty is applicable.
	Subject to certain permitted liens and other exclusions and exceptions, the Term Loan is secured (i) on a first-priority basis by a lien on the Company’s KATE SPADE trademarks and certain related rights owned by the Company and the Guarantors (the “Term Priority Collateral”) and (ii) by a second-priority security interest in the Company’s and the Guarantors’ other assets (the “ABL Priority Collateral” and together with the Term Priority Collateral, the “Collateral”), which secure the Company’s ABL Facility on a first-priority basis.
	The Term Loan is required to be prepaid in an amount equal to 50.0% of the Company’s Excess Cash Flow (as defined in the Term Loan Credit Agreement) with respect to each fiscal year ending on or after January 2, 2016. The percentage of Excess Cash Flow that must be so applied is reduced to 25.0% if the Company’s consolidated net total debt ratio is less than 2.75 to 1.0 and to 0% if the Company’s consolidated net total debt ratio is less than 2.25 to 1.0. Lenders may elect not to accept mandatory prepayments.
	The Term Loan Credit Agreement limits the Company’s and restricted subsidiaries’ ability to, among other things, incur indebtedness, make dividend payments or other restricted payments, create liens, sell assets (including securities of the Company’s restricted subsidiaries), permit certain restrictions on dividends and transfers of assets by the Company’s restricted subsidiaries, enter into certain types of transactions with shareholders and affiliates and enter into mergers, consolidations or sales of all or substantially all of the Company’s assets, in each case subject to certain designated exceptions and qualifications. The Term Loan Credit Agreement also contains certain affirmative covenants and events of default that are customary for credit agreements governing term loans.
	ABL Facility
	In May 2014, the Company terminated its prior revolving credit agreement and completed a fourth amendment to and restatement of the ABL Facility, which extended the maturity date of the facility to May 2019. Availability under the ABL Facility shall be an amount equal to the lesser of $200.0 million and a borrowing base that is computed monthly and comprised of the Company’s eligible cash, accounts receivable and inventory. The ABL Facility also includes a swingline subfacility of $30.0 million, a multicurrency subfacility of $35.0 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 ABL Facility of up to $125.0 million is available for the issuance of letters of credit, and standby letters of credit may not exceed $40.0 million in the aggregate. The ABL 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 ABL Facility, with a spread based on the aggregate availability under the ABL Facility.
	The ABL Facility is guaranteed by substantially all of the Company’s current domestic subsidiaries, certain of the Company’s future domestic subsidiaries and certain of the Company’s foreign subsidiaries. The ABL Facility is 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 lenders under the Term Loan Credit Agreement have a first-priority lien, which trademark collateral secures the obligations under the ABL Facility on a second-priority lien basis).
	The ABL Facility limits the Company’s, and its restricted subsidiaries’ ability to, among other things, incur additional indebtedness, create liens, undergo certain fundamental changes, make investments, sell certain assets, enter into hedging transactions, make restricted payments and pay certain indebtedness, enter into transactions with affiliates, permit certain restrictions on dividends and transfers of assets by the Company’s restricted subsidiaries and enter into sale and leaseback transactions. These covenants are subject to important exceptions and qualifications, and many of the covenants are subject to an exception based on meeting the fixed charge coverage ratio and/or certain minimum availability tests. The ABL Facility also contains representations and warranties (some of which are brought down to the time of each borrowing made), affirmative covenants and events of default that are customary for asset-based revolving credit agreements.
	In addition, the terms and conditions of the ABL Facility: (i) provide for a decrease in fees and interest rates compared to the Company’s previous asset-based revolving loan facility (including eurocurrency spreads of 1.50% to 2.00% over LIBOR, depending on the level of aggregate availability), (ii) require the Company to maintain pro forma compliance with a fixed charge coverage ratio of 1.0:1.0 on a trailing four-quarter basis if availability under the ABL Facility for three consecutive business days falls below the greater of $15.0 million and 10.0% of the lesser of the aggregate commitments and the borrowing base and (iii) require the Company to apply substantially all cash collections to reduce outstanding borrowings under the ABL Facility if availability under the ABL Facility for three consecutive business days falls below the greater of $20.0 million and 12.5% of the lesser of the aggregate commitments and the borrowing base.
	The funds available under the ABL Facility may be used for working capital and for general corporate purposes. The Company currently believes that the financial institutions under the ABL 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 October 4, 2014, availability under the Company’s ABL 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)		$200,000		$231,216		$3,000	$14,819		$182,181	$162,181
		(a)		Availability under the ABL Facility is an amount equal to the lesser of $200.0 million and a borrowing base that is computed monthly and comprised of the Company’s eligible cash, accounts receivable and inventory.
		(b)		Excess capacity represents available capacity reduced by the minimum required aggregate borrowing availability under the ABL Facility of $20.0 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 $8.7 million, $9.0 million and $9.9 million as of October 4, 2014, December 28, 2013 and September 28, 2013, respectively, included $0.4 million, $0.4 million and $1.2 million within Short-term borrowings on the accompanying Condensed Consolidated Balance Sheets.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Oct. 04, 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		October 4, 2014		December 28, 2013		September 28, 2013
	Financial Assets:
	Derivatives		$	1,580	$	1,701	$	525
	Financial Liabilities:
	Derivatives		$	--	$	--	$	(373	)
	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 2014, based on the fair value hierarchy:
												Total Losses
			Net Carrying		Fair Value Measured and Recorded							Nine Months		Three Months
			Value as of		at Reporting Date Using:							Ended		Ended
	In thousands		October 4, 2014		Level 1		Level 2			Level 3		October 4, 2014		October 4, 2014
	Property and equipment		$	110	$	--	$	--		$	--	$	336	$	--
	The following table presents the non-financial assets the Company measured at fair value on a non-recurring basis in 2013, based on the fair value hierarchy:
												Total Losses
			Net Carrying		Fair Value Measured and Recorded							Nine Months		Three Months
			Value as of		at Reporting Date Using:							Ended		Ended
	In thousands		September 28,		Level 1		Level 2			Level 3		September 28,		September 28,
			2013									2013		2013
	Property and equipment		$	--	$	--	$	--		$	--	$	667	$	--
	Intangibles, net		2,000		--		--			2,000		3,300		3,300
	Other assets		--		--		--			--		6,109		--
	As a result of the 2013 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.
	In the third quarter of 2013, the Company recorded a non-cash impairment charge of $3.3 million, which reflected the difference in the estimated fair value and carrying value of the TRIFARI trademark. The Company estimated the fair value of the trademark using the income-based relief-from-royalty valuation method which assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to obtain the rights to use a comparable asset. The Company assumed a market royalty rate of 3.5%, a discount rate of 14.0% and a long-term growth rate of 2.0%.
	Subsequent to the sale of its former global Mexx business, the Company retained a noncontrolling ownership interest in such business and accounted for its investment at cost. The Company performed an impairment test based on market multiples of comparable transactions and determined that the carrying value of the investment exceeded its fair value, resulting in an impairment charge, which was recorded in Impairment of cost investment on the accompanying Condensed Consolidated Statement of Operations.
	The fair values of the Company’s Level 3 Property and equipment and Intangibles, net 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:
			October 4, 2014				December 28, 2013					September 28, 2013
	In thousands		Fair Value		Carrying		Fair Value			Carrying		Fair Value		Carrying
					Value					Value				Value
	10.5% Senior Secured Notes, due April 2019 (a)		$	--	$	--	$	400,830		$	382,209	$	405,480	$	382,588
	Term Loan credit facility, due April 2021 (a)		388,776		397,106		--			--		--		--
	Revolving credit facility (b)		3,000		3,000		2,997			2,997		136,233		136,233
		(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	9 Months Ended
	Oct. 04, 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 Limited (“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, refunded $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 third parties, for which the Company remains secondarily liable for the remaining obligations on 204 such leases. As of October 4, 2014, the future aggregate payments under these leases amounted to $177.9 million and extended to various dates through 2025.
	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 October 4, 2014, the estimated future minimum lease payments under the noncancelable capital lease were as follows:
	In thousands
	2014	$	501
	2015	2,036
	2016	2,089
	2017	2,141
	2018	2,194
	Thereafter	15,328
	Total	24,289
	Less: Amounts representing interest and executory costs	(15,598		)
	Net present values	8,691
	Less: Capital lease obligations included in short-term debt	(446		)
	Long-term capital lease obligations	$	8,245
	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	9 Months Ended
	Oct. 04, 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 nine months 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.
	2011 Actions
	In the second quarter of 2011, the Company initiated actions to close 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 nine months ended October 4, 2014, the Company recorded pretax charges totaling $35.0 million related to these initiatives. The Company expects to pay approximately $7.4 million of accrued streamlining costs in the next 12 months. In addition, the Company expects to pay approximately $18.3 million of accrued streamlining costs classified as discontinued operations in the next 12 months. For the nine months ended September 28, 2013, the Company recorded pretax charges of $3.3 million related to these initiatives, including $1.5 million of asset write-downs and disposals and $1.8 million of other costs. Approximately $18.2 million and $1.5 million of these charges were non-cash during the nine months ended October 4, 2014 and September 28, 2013, respectively.
	For the nine and three months ended October 4, 2014 and September 28, 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:
			Nine Months Ended						Three Months Ended
	In thousands		October 4,			September 28,			October 4,			September 28,
			2014			2013			2014			2013
			(40 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	KATE SPADE North America		$	3,178		$	528		$	23		$	(383	)
	Adelington Design Group		222			164			6			(227		)
	Other (a)		31,579			2,620			1,105			(438		)
	Total		$	34,979		$	3,312		$	1,134		$	(1,048	)
		(a)		Other consists of unallocated corporate restructuring costs and Juicy Couture and Lucky Brand restructuring charges principally related to distribution functions that are not directly attributable to Juicy Couture or 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		$	3,036		$	2,151		$	--		$	11,707		$	16,894
	2014 provision (a)		32,603			1,260			931			185			34,979
	2014 asset write-downs		--			--			(931		)	--			(931		)
	Translation difference		--			(48		)	--			(3		)	(51		)
	2014 spending (a)		(33,948		)	(2,395		)	--			(3,961		)	(40,304		)
	Balance at October 4, 2014 (b)		$	1,691		$	968		$	--		$	7,928		$	10,587
		(a)		Payroll and related costs provision and spending include $17.2 million of non-cash share-based compensation expense.
		(b)		The balance in other costs at October 4, 2014 includes $7.9 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	9 Months Ended
	Oct. 04, 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 (loss) earnings per common share (“EPS”).
			Nine Months Ended						Three Months Ended
	In thousands		October 4,			September 28,			October 4,			September 28,
			2014			2013			2014			2013
			(40 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	(Loss) income from continuing operations		$	(49,768	)	$	(61,498	)	$	2,623		$	(14,165	)
	Income (loss) from discontinued operations, net of income taxes		82,404			(50,679		)	(11,753		)	(2,701		)
	Net income (loss)		$	32,636		$	(112,177	)	$	(9,130	)	$	(16,866	)
	Basic weighted average shares outstanding		125,972			120,480			126,971			122,396
	Stock options and nonvested shares (a)(b)		--			--			639			--
	Convertible Notes (c)		--			--			--			--
	Diluted weighted average shares outstanding (a)(b)(c)		125,972			120,480			127,610			122,396
	(Loss) earnings per share:
	Basic
	(Loss) income from continuing operations		$	(0.40	)	$	(0.51	)	$	0.02		$	(0.12	)
	Income (loss) from discontinued operations		$	0.66		$	(0.42	)	$	(0.09	)	$	(0.02	)
	Net income (loss)		$	0.26		$	(0.93	)	$	(0.07	)	$	(0.14	)
	Diluted
	(Loss) income from continuing operations		$	(0.40	)	$	(0.51	)	$	0.02		$	(0.12	)
	Income (loss) from discontinued operations		$	0.66		$	(0.42	)	$	(0.09	)	$	(0.02	)
	Net income (loss)		$	0.26		$	(0.93	)	$	(0.07	)	$	(0.14	)
		(a)		Because the Company incurred a loss from continuing operations for the nine months ended October 4, 2014 and the nine and three months ended September 28, 2013, all outstanding stock options and nonvested shares are antidilutive for such periods. Accordingly, for the nine months ended October 4, 2014 and the nine and three months ended September 28, 2013, approximately 1.1 million and 5.7 million outstanding stock options, respectively, and approximately 1.7 million and 0.6 million outstanding nonvested shares, respectively, were excluded from the computation of diluted loss per share.
		(b)		Excludes approximately 0.5 million nonvested shares for the nine and three months ended September 28, 2013, for which the performance criteria were not achieved.
		(c)		Because the Company incurred a loss from continuing operations for the nine and three months ended September 28, 2013, approximately 2.0 million and 0.3 million potentially dilutive shares issuable upon conversion of the Convertible Notes, respectively, were considered antidilutive for such periods, and were excluded from the computation of diluted loss per share.

ADDITIONAL_FINANCIAL_INFORMATI

ADDITIONAL FINANCIAL INFORMATION	9 Months Ended
	Oct. 04, 2014
ADDITIONAL FINANCIAL INFORMATION	'
ADDITIONAL FINANCIAL INFORMATION	'
	14.    ADDITIONAL FINANCIAL INFORMATION
	Licensing-Related Transactions
	In the fourth quarter of 2011, the Company sold (i) 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 KENSIE, KENSIE GIRL and MAC & JAC trademarks.
	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 nine months ended October 4, 2014, the Company received net income tax refunds of $0.3 million. During the nine months ended October 4, 2014 and September 28, 2013, the Company made interest payments of $29.9 million and $22.8 million, respectively. As of October 4, 2014, December 28, 2013 and September 28, 2013, the Company accrued capital expenditures totaling $14.2 million, $13.3 million and $10.7 million, respectively.
	Depreciation and amortization expense for the nine months ended October 4, 2014 and September 28, 2013 included $6.1 million and $4.5 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 nine months ended September 28, 2013, holders of $19.9 million aggregate principal amount of the Convertible Notes converted all of such outstanding Convertible Notes into 5,634,179 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 Statements 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 during the first nine months of 2013.
	The Company’s equity in losses of its equity investee was $1.4 million and $1.0 million for the nine months ended October 4, 2014 and September 28, 2013, respectively, and $1.2 million and $0.4 million for the three months ended October 4, 2014 and September 28, 2013, respectively. As of October 4, 2014, December 28, 2013 and September 28, 2013, the Company recorded $8.0 million, $9.4 million and $9.6 million, respectively, related to its investments in KSC, which was included in Other assets on the accompanying Condensed Consolidated Balance Sheets.

SEGMENT_REPORTING

SEGMENT REPORTING	9 Months Ended
	Oct. 04, 2014
SEGMENT REPORTING	'
SEGMENT REPORTING	'
	15.    SEGMENT REPORTING
	During the second quarter of 2014, the Company determined it would disaggregate its former KATE SPADE reportable segment into two reportable segments, KATE SPADE North America and KATE SPADE International. The Company operates its kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands through one operating segment in North America and four operating segments internationally: Japan, Southeast Asia, Europe and South America. The Company’s Adelington Design Group reportable segment is also an operating segment. The three reportable segments described below represent the Company’s 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 its management structure and the economic characteristics, products, customers, sales growth potential and long-term profitability of its operating segments. As such, the Company configured its operations into the following three reportable segments:
		·		KATE SPADE North America segment – consists of the Company’s kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in North America.
		·		KATE SPADE International segment – consists of the Company’s kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in International markets (principally in Japan, Southeast Asia, Europe and South America).
		·		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.
	As discussed in Note 1 – Basis of Presentation, the Company completed the sale of Lucky Brand on February 3, 2014 and substantially completed the wind-down operations of the Juicy Couture brand during the second quarter of 2014.
	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. In connection with the decision to disaggregate the Company’s reportable segments, the costs of all corporate departments that serve the respective segment are fully allocated. The Company does not allocate amounts reported below Operating income (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. Sales are reported based on a destination basis. The Company, as licensor, also licenses to third parties the right to produce and market products bearing certain Company-owned trademarks.
	Dollars in thousands		Net Sales			% to Total		Adjusted			% of Sales
								EBITDA
	Nine Months Ended October 4, 2014 (40 weeks)
	Reportable Segments:
	KATE SPADE North America		$	565,021		76.4	%	$	69,614		12.3	%
	KATE SPADE International		153,512			20.7	%	81			0.1	%
	Adelington Design Group		21,496			2.9	%	1,020			4.7	%
	Other (a)		--			--	%	(685		)	--	%
	Totals		$	740,029		100	%
	Nine Months Ended September 28, 2013 (39 weeks)
	Reportable Segments:
	KATE SPADE North America		$	380,588		72.1	%	$	20,550		5.4	%
	KATE SPADE International		106,897			20.2	%	(614		)	(0.6	)%
	Adelington Design Group		40,457			7.7	%	7,337			18.1	%
	Other (a)		--			--	%	(4,779		)	--	%
	Totals		$	527,942		100	%
	Dollars in thousands		Net Sales			% to Total		Adjusted			% of Sales
								EBITDA
	Three Months Ended October 4, 2014 (13 weeks)
	Reportable Segments:
	KATE SPADE North America		$	192,886		77	%	$	21,130		11	%
	KATE SPADE International		50,906			20.3	%	(1,346		)	(2.6	)%
	Adelington Design Group		6,625			2.7	%	1,030			15.5	%
	Other (a)		--			--	%	(90		)	--	%
	Totals		$	250,417		100	%
	Three Months Ended September 28, 2013 (13 weeks)
	Reportable Segments:
	KATE SPADE North America		$	141,383		73.4	%	$	10,253		7.3	%
	KATE SPADE International		38,344			19.9	%	(666		)	(1.7	)%
	Adelington Design Group		12,885			6.7	%	3,260			25.3	%
	Other (a)		--			--	%	(2,097		)	--	%
	Totals		$	192,612		100	%
		(a)		Other consists of expenses principally related to distribution functions that were included in Juicy Couture and Lucky Brand historical results, but are not directly attributable to those businesses and therefore have not been included in discontinued operations.
	The following tables provide a reconciliation to (Loss) income from continuing operations:
			Nine Months Ended										Three Months Ended
			October 4,					September 28,					October 4,				September 28,
			2014					2013					2014				2013
			(40 Weeks)					(39 Weeks)					(13 Weeks)				(13 Weeks)
	In thousands
	Reportable Segments Adjusted EBITDA:
	KATE SPADE North America			$	69,614				$	20,550				$	21,130			$	10,253
	KATE SPADE International (a)			81					(614		)			(1,346		)		(666		)
	Adelington Design Group			1,020					7,337					1,030				3,260
	Other (b)			(685		)			(4,779		)			(90		)		(2,097		)
	Total Reportable Segments Adjusted EBITDA			70,030					22,494					20,724				10,750
	Depreciation and amortization, net (c)			(34,033		)			(24,015		)			(11,752		)		(8,330		)
	Charges due to streamlining initiatives, brand-exiting activities, acquisition related costs and loss on asset disposals and impairments, net (d)			(19,035		)			(8,660		)			(870		)		(2,758		)
	Share-based compensation (e)			(31,772		)			(3,756		)			(5,740		)		(1,412		)
	Equity loss included in Reportable Segments Adjusted EBITDA			1,358					983					1,185				421
	Operating (Loss) Income			(13,452		)			(12,954		)			3,547				(1,329		)
	Other (expense) income, net (a)			(1,717		)			(1,809		)			(1,805		)		893
	Impairment of cost investment			--					(6,109		)			--				--
	Loss on extinguishment of debt			(16,914		)			(1,707		)			--				(599		)
	Interest expense, net			(18,185		)			(35,877		)			(2,189		)		(12,117		)
	(Benefit) provision for income taxes			(500		)			3,042					(3,070		)		1,013
(Loss) Income from Continuing Operations			$	(49,768	)			$	(61,498	)			$	2,623			$	(14,165	)
	(a)		Amounts include equity in the losses of the Company’s equity method investee of $1.4 million and $1.0 million for the nine months ended October 4, 2014 and September 28, 2013, respectively and $1.2 million and $0.4 million for the three months ended October 4, 2014 and September 28, 2013, respectively.
	(b)		Other consists of expenses principally related to distribution functions that were included in Juicy Couture and Lucky Brand historical results, but are not directly attributable to those businesses and therefore have not been included in discontinued operations.
	(c)		Excludes amortization included in Interest expense, net.
	(d)		See Note 12 – Streamlining Initiatives for a discussion of streamlining charges.
	(e)		Includes share-based compensation expense of $17.2 million and $0.3 million in the nine and three months ended October 4, 2014, respectively, that was classified as restructuring.
GEOGRAPHIC DATA:
Dollars in thousands		Net Sales			% to Total
Nine Months Ended October 4, 2014 (40 weeks)
Domestic		$	572,073		77.3%
International		167,956			22.7%
Totals		$	740,029		100.0%
Nine Months Ended September 28, 2013 (39 weeks)
Domestic		$	416,375		78.9%
International		111,567			21.1%
Totals		$	527,942		100.0%
Dollars in thousands		Net Sales			% to Total
Three Months Ended October 4, 2014 (13 weeks)
Domestic		$	192,805		77.0%
International		57,612			23.0%
Totals		$	250,417		100.0%
Three Months Ended September 28, 2013 (13 weeks)
Domestic		$	151,172		78.5%
International		41,440			21.5%
Totals		$	192,612		100.0%
There were no significant changes in segment assets during the nine months ended October 4, 2014.

DERIVATIVE_INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Oct. 04, 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 October 4, 2014, the Company had forward contracts maturing through December 2015 to sell 2.3 billion yen for $22.1 million.
	The Company uses foreign currency forward contracts outside the cash flow hedging program to manage currency risk associated with intercompany loans. As of October 4, 2014, the Company had forward contracts to sell 4.0 billion yen for $36.7 million maturing through December 2014. Transaction gains (losses) of $1.3 million and $5.8 million related to these derivative instruments were reflected within Other income (expense), net for the nine months ended October 4, 2014 and September 28, 2013, respectively, and $2.4 million and $(0.4) million for the three months ended October 4, 2014 and September 28, 2013, respectively. These transaction gains and losses were substantially offset by transaction gains and losses on the corresponding intercompany loans.
	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
	October 4, 2014	Other current assets		$   22,050	$     1,233	Accrued expenses	$           --	$           --
	December 28, 2013	Other current assets		21,050	1,317	Accrued expenses	--	--
	September 28, 2013	Other current assets		10,148	525	Accrued expenses	21,400	132
		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
	October 4, 2014	Other current assets		$   36,748	$     347	Accrued expenses	$           --	$           --
	December 28, 2013	Other current assets		38,403	384	Accrued expenses	--	--
	September 28, 2013	Other current assets		--	--	Accrued expenses	40,454	241
	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	Amount
		(Loss) Recognized		(Loss) Reclassified	Reclassified from	Recognized in
		in Accumulated		from Accumulated	Accumulated OCI	Operations on
		OCI on Derivative		OCI into Operations	into Operations	Derivative
		(Effective Portion)		(Effective and	(Effective Portion)	(Ineffective
				Ineffective Portion)		Portion)
	Nine months ended	$       541		Cost of goods sold	$      1,028	$      --
	October 4, 2014
	Nine months ended	1,772		Cost of goods sold	895	--
	September 28, 2013
	Three months ended	933		Cost of goods sold	239	--
	October 4, 2014
	Three months ended	(164	)	Cost of goods sold	593	--
	September 28, 2013

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Oct. 04, 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 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 $31.8 million and $3.8 million for the nine months ended October 4, 2014 and September 28, 2013, respectively, and $5.8 million and $1.5 million for the three months ended October 4, 2014 and September 28, 2013, respectively. Compensation expense included $17.2 million and $0.3 million for the nine and three months ended October 4, 2014, respectively, that was classified as restructuring.
	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.
			Nine Months Ended
	Valuation Assumptions:		September 28, 2013
	Weighted-average fair value of options granted		$10.32
	Historic volatility		59.5%
	Weighted-average volatility		59.5%
	Expected term (in years)		4.9
	Dividend yield		—
	Risk-free rate		0.1% to 3.9%
	Expected annual forfeiture		12.40%
	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 October 4, 2014 and changes therein during the nine month period then ended are as follows:
			Shares		Weighted		Weighted	Aggregate
					Average Exercise		Average	Intrinsic Value
					Price		Remaining	(In thousands)
							Contractual
							Term
	Outstanding at December 28, 2013		5,166,375		$	11.26	3.4	$	108,498
	Exercised		(3,936,081	)	10.52			41,410
	Cancelled/expired		(125,075	)	37.21
	Outstanding at October 4, 2014		1,105,219		$	10.98	4	$	17,905
	Vested or expected to vest at October 4, 2014		1,091,380		$	10.87	4	$	17,796
	Exercisable at October 4, 2014		611,654		$	6.9	3.3	$	12,404
	As of October 4, 2014, there were approximately 0.5 million nonvested stock options. The weighted average grant date fair value per award for nonvested stock options was $8.09.
	As of October 4, 2014, there was $0.8 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 1.0 year. The total fair value of shares vested during the nine months ended October 4, 2014 and September 28, 2013 was $3.2 million and $4.3 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.
	In the second quarter of 2014, the Company granted 51,848 MSUs to a group of key executives with an aggregate grant date fair value of $2.9 million as Staking Grants and as part of an annual LTIP. The Staking Grants have a grant date fair value of $2.8 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 $0.1 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 nine months ended October 4, 2014, the following assumptions were used in determining fair value:
			Nine Months Ended
	Valuation Assumptions:		October 4, 2014
	Weighted-average fair value		$50.24
	Expected volatility		52.30%
	Dividend yield		—
	Risk-free rate		1.68%
	Weighted-average expected annual forfeiture		4.80%
	The other portion of the LTIP consists of an award of 202,541 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 $8.9 million that was calculated using a Monte Carlo simulation model. For the nine months ended October 4, 2014, the following assumptions were used in determining fair value:
			Nine Months Ended
	Valuation Assumptions:		October 4, 2014
	Weighted-average fair value		$43.93
	Expected volatility		44.20%
	Dividend yield		—
	Risk-free rate		0.66%
	Weighted-average expected annual forfeiture		4.00%
	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 October 4, 2014 and changes therein during the nine 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		1,614,778		48.34
	Vested		(396,000	)	17.13
	Cancelled (a)		(521,042	)	15.2
	Nonvested stock at October 4, 2014		1,732,986		$        45.48
	Expected to vest as of October 4, 2014 (b)		1,480,433		$        45.54
		(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.
		(b)		Excludes the potential impact of the performance share multiplier, which 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 and zero to 200% of the number of LTIP awards granted depending on the Company’s TSR relative to the TSR of the S&P Mid-Cap 400 Index.
As of October 4, 2014, there was $53.3 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 3.0 years. The total fair value of shares vested during the nine months ended October 4, 2014 and September 28, 2013 was $6.8 million and $1.5 million, respectively.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Oct. 04, 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.
	In May 2014, new accounting guidance on the accounting for revenue recognition was issued, which requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective for interim and annual periods beginning on or after December 15, 2016. Early adoption is not permitted. The Company is currently in the process of evaluating the impact of the adoption of the new guidance on its financial statements.
	In June 2014, new accounting guidance on the accounting for share-based compensation was issued, which requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This guidance further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period for which the requisite service has already been rendered. This guidance is effective for interim and annual periods beginning on or after December 15, 2015. The adoption of the new guidance is not expected to affect the Company’s financial position, results of operations or cash flows.
	In August 2014, new accounting guidance on the disclosure of an entity’s ability to continue as a going concern was issued, which requires disclosure regarding management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures. This guidance is effective for the annual period ending after December 15, 2016, and for interim and annual periods thereafter. The adoption of the new guidance is not expected to affect the Company’s financial position, results of operations or cash flows.

BASIS_OF_PRESENTATION_Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Oct. 04, 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 13-week, three-month period and a 40-week, nine-month period for the third quarter. The 2013 fiscal year, ending December 28, 2013, reflects a 52-week period, resulting in a 13-week, three-month period and a 39-week, nine-month period for the third 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 third 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)	9 Months Ended
	Oct. 04, 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)	9 Months Ended
	Oct. 04, 2014
DISCONTINUED OPERATIONS	'
Schedule of components of Assets held for sale and Liabilities held for sale	'
	In thousands	December 28, 2013
	Assets held for sale:
	Cash and cash equivalents	$	163
	Accounts receivable – trade, net	41,709
	Inventories, net	80,503
	Property and Equipment, net	68,533
	Other assets	11,146
	Assets held for sale	$	202,054
	Liabilities held for sale:
	Accounts payable	$	52,977
	Accrued expenses	27,773
	Other liabilities	15,620
	Liabilities held for sale	$	96,370
Summary of results of discontinued operations	'
		Nine Months Ended						Three Months Ended
		October 4,			September 28,			October 4,			September 28,
		2014			2013			2014			2013
		(40 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	In thousands
	Net sales	$	209,179		$	656,402		$	521		$	237,992
	(Loss) income before provision for income taxes	$	(44,913	)	$	(18,371	)	$	(5,970	)	$	5,378
	Provision for income taxes	656			693			13			255
	(Loss) income from discontinued operations, net of income taxes	$	(45,569	)	$	(19,064	)	$	(5,983	)	$	5,123
	Income (loss) on disposal of discontinued operations, net of income taxes	$	127,973		$	(31,615	)	$	(5,770	)	$	(7,824	)

STOCKHOLDERS_EQUITY_DEFICIT_Ta

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	9 Months Ended
	Oct. 04, 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 in
		of Par Value				Earnings			Treasury, at Cost
	Balance as of December 28, 2013		$	155,984		$	1,020,633		$	(1,364,657	)
	Net income		--			32,636			--
	Exercise of stock options		--			(22,430		)	63,840
	Restricted shares issued, net of cancellations and shares withheld for taxes		--			(9,171		)	4,384
	Share-based compensation		37,618			--			--
	Balance as of October 4, 2014		$	193,602		$	1,021,668		$	(1,296,433	)
	In thousands	Capital in Excess				Retained			Common Stock in
		of Par Value				Earnings			Treasury, at Cost
	Balance as of December 29, 2012		$	147,018		$	1,071,551		$	(1,511,862	)
	Net loss		--			(112,177		)	--
	Exercise of stock options		--			(3,773		)	6,099
	Restricted shares issued, net of cancellations and shares withheld for taxes		--			(5,344		)	3,212
	Share-based compensation		5,206			--			--
	Exchanges of Convertible Senior Notes, net		(652		)	(112,230		)	133,001
	Balance as of September 28, 2013		$	151,572		$	838,027		$	(1,369,550	)
Schedule of accumulated other comprehensive (loss) income	'
	In thousands	October 4, 2014				December 28, 2013				September 28, 2013
	Cumulative translation adjustment, net of income taxes of $0		$	(25,789	)		$	(21,862	)	$	(17,745	)
	Unrealized gains on cash flow hedging derivatives, net of income taxes of $417, $602 and $333, respectively		681				983			544
	Accumulated other comprehensive loss, net of income taxes		$	(25,108	)		$	(20,879	)	$	(17,201	)
Schedule of the change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the nine months ended October 4, 2014:
	In thousands	Cumulative Translation					Unrealized Gains
		Adjustment					(Losses) on Cash
							Flow Hedging
							Derivatives
	Balance as of December 28, 2013		$	(21,862	)			$	983
	Other comprehensive (loss) income before reclassification		(3,927		)			336
	Amounts reclassified from accumulated other comprehensive income		--					(638		)
	Net current-period other comprehensive loss		(3,927		)			(302		)
	Balance as of October 4, 2014		$	(25,789	)			$	681
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the nine months ended September 28, 2013:
	In thousands	Cumulative Translation					Unrealized Gains
		Adjustment					(Losses) on Cash
							Flow Hedging
							Derivatives
	Balance as of December 29, 2012		$	(10,074	)			$	--
	Other comprehensive (loss) income before reclassification		(7,671		)			1,099
	Amounts reclassified from accumulated other comprehensive income		--					(555		)
	Net current-period other comprehensive (loss) income		(7,671		)			544
	Balance as of September 28, 2013		$	(17,745	)			$	544
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended October 4, 2014:
	In thousands	Cumulative Translation					Unrealized Gains
		Adjustment					(Losses) on Cash
							Flow Hedging
							Derivatives
	Balance as of July 5, 2014		$	(20,374	)			$	251
	Other comprehensive (loss) income before reclassification		(5,415		)			578
	Amounts reclassified from accumulated other comprehensive income		--					(148		)
	Net current-period other comprehensive (loss) income		(5,415		)			430
	Balance as of October 4, 2014		$	(25,789	)			$	681
	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended September 28, 2013:
	In thousands	Cumulative Translation					Unrealized Gains
		Adjustment					(Losses) on Cash
							Flow Hedging
							Derivatives
	Balance as of June 29, 2013		$	(18,002	)			$	1,013
	Other comprehensive income (loss) before reclassification		257					(101		)
	Amounts reclassified from accumulated other comprehensive income		--					(368		)
	Net current-period other comprehensive income (loss)		257					(469		)
	Balance as of September 28, 2013		$	(17,745	)			$	544

INVENTORIES_NET_Tables

INVENTORIES, NET (Tables)	9 Months Ended
	Oct. 04, 2014
INVENTORIES, NET	'
Schedule of inventories, net	'
	In thousands	October 4, 2014			December 28, 2013			September 28, 2013
	Raw materials and work in process		$	622		$	1,028		$	1,999
	Finished goods			220,103			183,606			308,639
	Total inventories, net		$	220,725		$	184,634		$	310,638

PROPERTY_AND_EQUIPMENT_NET_Tab

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Oct. 04, 2014
PROPERTY AND EQUIPMENT, NET	'
Schedule of property and equipment, net	'
	In thousands		October 4, 2014			December 28, 2013			September 28, 2013
	Land and buildings			$	9,300		$	9,300		$	9,300
	Machinery and equipment (a)			155,568			171,811			209,196
	Furniture and fixtures (a)			59,422			83,753			142,707
	Leasehold improvements (a)			124,521			173,207			269,515
				348,811			438,071			630,718
	Less: Accumulated depreciation and amortization (a)			172,452			289,000			386,247
	Total property and equipment, net			$	176,359		$	149,071		$	244,471
		(a)		The decrease in the balance compared to September 28, 2013 primarily reflected the sale of the former Lucky Brand business and the wind-down of the Juicy Couture business, including non-cash impairment charges recorded in the fourth quarter of 2013.

GOODWILL_AND_INTANGIBLES_NET_T

GOODWILL AND INTANGIBLES, NET (Tables)	9 Months Ended
	Oct. 04, 2014
GOODWILL AND INTANGIBLES, NET	'
Schedule of carrying value of all intangible assets	'
	In thousands		Weighted		October 4, 2014			December 28, 2013			September 28, 2013
			Average
			Amortization
			Period
	Amortized intangible assets:
	Gross carrying amount:
	Owned trademarks (a)		5 years		$	2,000		$	2,000		$	3,479
	Customer relationships		11 years		7,493			7,273			7,335
	Merchandising rights (b)		4 years		10,322			6,087			17,188
	Reacquired rights (c)		2 years		15,323			11,299			12,131
	Other		4 years		2,322			2,322			2,322
	Subtotal				37,460			28,981			42,455
	Accumulated amortization:
	Owned trademarks				(400		)	(100		)	(1,475		)
	Customer relationships				(4,637		)	(4,022		)	(3,843		)
	Merchandising rights				(3,716		)	(2,595		)	(10,974		)
	Reacquired rights				(8,715		)	(4,394		)	(3,707		)
	Other				(2,203		)	(2,092		)	(2,054		)
	Subtotal				(19,671		)	(13,203		)	(22,053		)
	Net:
	Owned trademarks				1,600			1,900			2,004
	Customer relationships				2,856			3,251			3,492
	Merchandising rights				6,606			3,492			6,214
	Reacquired rights				6,608			6,905			8,424
	Other				119			230			268
	Total amortized intangible assets, net				17,789			15,778			20,402
	Unamortized intangible assets:
	Owned trademarks (d)				74,900			74,900			102,200
	Total intangible assets				$	92,689		$	90,678		$	122,602
	Goodwill (c)				$	68,871		$	49,111		$	52,679
		(a)		The change in the balance reflected the sale of the Lucky Brand business and the Juicy Couture IP (see Note 1 – Basis of Presentation).
		(b)		The decrease in the balance compared to September 28, 2013 primarily reflected the sale of the Lucky Brand business and the wind-down of the Juicy Couture business, including impairment charges recorded in the fourth quarter of 2013.
		(c)		The increase in the balance compared to September 28, 2013 primarily reflected the reacquired existing KATE SPADE businesses in Southeast Asia (see Note 2 – Acquisition).
		(d)		The decrease in the balance compared to September 28, 2013 primarily reflected the sale of the Juicy Couture IP.
Schedule of estimated amortization expense for intangible assets for the next five fiscal years	'
	Fiscal Year		Amortization Expense
	(In millions)
	2014		$	9.2
	2015		8.0
	2016		2.4
	2017		1.9
	2018		1.1
Schedule of changes in carrying amount of goodwill	'
	In thousands			KATE SPADE					Adelington					Total
				International					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			(2,006		)			(70		)			(2,076		)
	Balance as of October 4, 2014			$	67,494				$	1,377				$	68,871
	In thousands			KATE SPADE					Adelington					Total
				International					Design Group
	Balance as of December 29, 2012			$	58,669				$	1,554				$	60,223
	Translation adjustment			(7,493		)			(51		)			(7,544		)
	Balance as of September 28, 2013			$	51,176				$	1,503				$	52,679

DEBT_AND_LINES_OF_CREDIT_Table

DEBT AND LINES OF CREDIT (Tables)	9 Months Ended
	Oct. 04, 2014
DEBT AND LINES OF CREDIT	'
Schedule of long-term debt	'
	In thousands		October 4, 2014			December 28, 2013		September 28, 2013
	10.5% Senior Secured Notes, due April 2019 (a)		$	--		$	382,209	$	382,588
	Term Loan credit facility, due April 2021 (a)(b)		397,106			--		--
	Revolving credit facility		3,000			2,997		136,233
	Capital lease obligations (c)		8,691			8,995		9,898
	Total debt		408,797			394,201		528,719
	Less: Short-term borrowings (d)		7,446			3,407		137,440
	Long-term debt		$	401,351		$	390,794	$	391,279
		(a)		The Senior Notes were refinanced in the second quarter of 2014 with proceeds from the issuance of term loans in an aggregate principal amount of $400.0 million (collectively, the “Term Loan”).
		(b)		The balance as of October 4, 2014 reflected the issuance of the Term Loan, an amortization payment of $1.0 million and an unamortized debt discount of $1.9 million.
		(c)		The decrease in the balance compared to September 28, 2013 primarily reflected the expiration of a capital lease for machinery and equipment during the fourth quarter of 2013.
		(d)		At October 4, 2014, the balance consisted of $4.0 million of Term Loan amortization payments, outstanding borrowings under the Company’s amended and restated revolving credit facility (as amended to date, the “ABL Facility”) and obligations under capital leases. At December 28, 2013 and September 28, 2013, the balance consisted of outstanding borrowings under the ABL Facility and obligations under capital leases.
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)		$200,000		$231,216		$3,000	$14,819		$182,181	$162,181
		(a)		Availability under the ABL Facility is an amount equal to the lesser of $200.0 million and a borrowing base that is computed monthly and comprised of the Company’s eligible cash, accounts receivable and inventory.
		(b)		Excess capacity represents available capacity reduced by the minimum required aggregate borrowing availability under the ABL Facility of $20.0 million.

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Oct. 04, 2014
FAIR VALUE MEASUREMENTS	'
Schedule of financial assets and liabilities of the Company measured at fair value on recurring basis	'
			Level 2
	In thousands		October 4, 2014		December 28, 2013		September 28, 2013
	Financial Assets:
	Derivatives		$	1,580	$	1,701	$	525
	Financial Liabilities:
	Derivatives		$	--	$	--	$	(373	)
Schedule of non-financial assets of the Company measured at fair value on non-recurring basis	'
												Total Losses
			Net Carrying		Fair Value Measured and Recorded							Nine Months		Three Months
			Value as of		at Reporting Date Using:							Ended		Ended
	In thousands		October 4, 2014		Level 1		Level 2			Level 3		October 4, 2014		October 4, 2014
	Property and equipment		$	110	$	--	$	--		$	--	$	336	$	--
												Total Losses
			Net Carrying		Fair Value Measured and Recorded							Nine Months		Three Months
			Value as of		at Reporting Date Using:							Ended		Ended
	In thousands		September 28,		Level 1		Level 2			Level 3		September 28,		September 28,
			2013									2013		2013
	Property and equipment		$	--	$	--	$	--		$	--	$	667	$	--
	Intangibles, net		2,000		--		--			2,000		3,300		3,300
	Other assets		--		--		--			--		6,109		--
Schedule of fair values and carrying values of the Company's debt instruments	'
			October 4, 2014				December 28, 2013					September 28, 2013
	In thousands		Fair Value		Carrying		Fair Value			Carrying		Fair Value		Carrying
					Value					Value				Value
	10.5% Senior Secured Notes, due April 2019 (a)		$	--	$	--	$	400,830		$	382,209	$	405,480	$	382,588
	Term Loan credit facility, due April 2021 (a)		388,776		397,106		--			--		--		--
	Revolving credit facility (b)		3,000		3,000		2,997			2,997		136,233		136,233
		(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)	9 Months Ended
	Oct. 04, 2014
COMMITMENTS AND CONTINGENCIES	'
Schedule of estimated future minimum lease payments under the noncancelable capital lease	'
	In thousands
	2014	$	501
	2015	2,036
	2016	2,089
	2017	2,141
	2018	2,194
	Thereafter	15,328
	Total	24,289
	Less: Amounts representing interest and executory costs	(15,598		)
	Net present values	8,691
	Less: Capital lease obligations included in short-term debt	(446		)
	Long-term capital lease obligations	$	8,245

STREAMLINING_INITIATIVES_Table

STREAMLINING INITIATIVES (Tables)	9 Months Ended
	Oct. 04, 2014
STREAMLINING INITIATIVES	'
Schedule of expenses associated with the Company's streamlining actions	'
			Nine Months Ended						Three Months Ended
	In thousands		October 4,			September 28,			October 4,			September 28,
			2014			2013			2014			2013
			(40 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	KATE SPADE North America		$	3,178		$	528		$	23		$	(383	)
	Adelington Design Group		222			164			6			(227		)
	Other (a)		31,579			2,620			1,105			(438		)
	Total		$	34,979		$	3,312		$	1,134		$	(1,048	)
		(a)		Other consists of unallocated corporate restructuring costs and Juicy Couture and Lucky Brand restructuring charges principally related to distribution functions that are not directly attributable to Juicy Couture or 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		$	3,036		$	2,151		$	--		$	11,707		$	16,894
	2014 provision (a)		32,603			1,260			931			185			34,979
	2014 asset write-downs		--			--			(931		)	--			(931		)
	Translation difference		--			(48		)	--			(3		)	(51		)
	2014 spending (a)		(33,948		)	(2,395		)	--			(3,961		)	(40,304		)
	Balance at October 4, 2014 (b)		$	1,691		$	968		$	--		$	7,928		$	10,587
		(a)		Payroll and related costs provision and spending include $17.2 million of non-cash share-based compensation expense.
		(b)		The balance in other costs at October 4, 2014 includes $7.9 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)	9 Months Ended
	Oct. 04, 2014
EARNINGS PER COMMON SHARE	'
Schedule of computation of basic and diluted (loss) earnings per common share (EPS)	'
			Nine Months Ended						Three Months Ended
	In thousands		October 4,			September 28,			October 4,			September 28,
			2014			2013			2014			2013
			(40 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	(Loss) income from continuing operations		$	(49,768	)	$	(61,498	)	$	2,623		$	(14,165	)
	Income (loss) from discontinued operations, net of income taxes		82,404			(50,679		)	(11,753		)	(2,701		)
	Net income (loss)		$	32,636		$	(112,177	)	$	(9,130	)	$	(16,866	)
	Basic weighted average shares outstanding		125,972			120,480			126,971			122,396
	Stock options and nonvested shares (a)(b)		--			--			639			--
	Convertible Notes (c)		--			--			--			--
	Diluted weighted average shares outstanding (a)(b)(c)		125,972			120,480			127,610			122,396
	(Loss) earnings per share:
	Basic
	(Loss) income from continuing operations		$	(0.40	)	$	(0.51	)	$	0.02		$	(0.12	)
	Income (loss) from discontinued operations		$	0.66		$	(0.42	)	$	(0.09	)	$	(0.02	)
	Net income (loss)		$	0.26		$	(0.93	)	$	(0.07	)	$	(0.14	)
	Diluted
	(Loss) income from continuing operations		$	(0.40	)	$	(0.51	)	$	0.02		$	(0.12	)
	Income (loss) from discontinued operations		$	0.66		$	(0.42	)	$	(0.09	)	$	(0.02	)
	Net income (loss)		$	0.26		$	(0.93	)	$	(0.07	)	$	(0.14	)
		(a)		Because the Company incurred a loss from continuing operations for the nine months ended October 4, 2014 and the nine and three months ended September 28, 2013, all outstanding stock options and nonvested shares are antidilutive for such periods. Accordingly, for the nine months ended October 4, 2014 and the nine and three months ended September 28, 2013, approximately 1.1 million and 5.7 million outstanding stock options, respectively, and approximately 1.7 million and 0.6 million outstanding nonvested shares, respectively, were excluded from the computation of diluted loss per share.
		(b)		Excludes approximately 0.5 million nonvested shares for the nine and three months ended September 28, 2013, for which the performance criteria were not achieved.
		(c)		Because the Company incurred a loss from continuing operations for the nine and three months ended September 28, 2013, approximately 2.0 million and 0.3 million potentially dilutive shares issuable upon conversion of the Convertible Notes, respectively, were considered antidilutive for such periods, and were excluded from the computation of diluted loss per share.

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	9 Months Ended
	Oct. 04, 2014
SEGMENT REPORTING	'
Schedule of segment reporting information, by segment	'
	Dollars in thousands		Net Sales			% to Total		Adjusted			% of Sales
								EBITDA
	Nine Months Ended October 4, 2014 (40 weeks)
	Reportable Segments:
	KATE SPADE North America		$	565,021		76.4	%	$	69,614		12.3	%
	KATE SPADE International		153,512			20.7	%	81			0.1	%
	Adelington Design Group		21,496			2.9	%	1,020			4.7	%
	Other (a)		--			--	%	(685		)	--	%
	Totals		$	740,029		100	%
	Nine Months Ended September 28, 2013 (39 weeks)
	Reportable Segments:
	KATE SPADE North America		$	380,588		72.1	%	$	20,550		5.4	%
	KATE SPADE International		106,897			20.2	%	(614		)	(0.6	)%
	Adelington Design Group		40,457			7.7	%	7,337			18.1	%
	Other (a)		--			--	%	(4,779		)	--	%
	Totals		$	527,942		100	%
	Dollars in thousands		Net Sales			% to Total		Adjusted			% of Sales
								EBITDA
	Three Months Ended October 4, 2014 (13 weeks)
	Reportable Segments:
	KATE SPADE North America		$	192,886		77	%	$	21,130		11	%
	KATE SPADE International		50,906			20.3	%	(1,346		)	(2.6	)%
	Adelington Design Group		6,625			2.7	%	1,030			15.5	%
	Other (a)		--			--	%	(90		)	--	%
	Totals		$	250,417		100	%
	Three Months Ended September 28, 2013 (13 weeks)
	Reportable Segments:
	KATE SPADE North America		$	141,383		73.4	%	$	10,253		7.3	%
	KATE SPADE International		38,344			19.9	%	(666		)	(1.7	)%
	Adelington Design Group		12,885			6.7	%	3,260			25.3	%
	Other (a)		--			--	%	(2,097		)	--	%
	Totals		$	192,612		100	%
		(a)		Other consists of expenses principally related to distribution functions that were included in Juicy Couture and Lucky Brand historical results, but are not directly attributable to those businesses and therefore have not been included in discontinued operations.
Schedule of reconciliation to Loss from Continuing Operations	'
			Nine Months Ended										Three Months Ended
			October 4,					September 28,					October 4,				September 28,
			2014					2013					2014				2013
			(40 Weeks)					(39 Weeks)					(13 Weeks)				(13 Weeks)
	In thousands
	Reportable Segments Adjusted EBITDA:
	KATE SPADE North America			$	69,614				$	20,550				$	21,130			$	10,253
	KATE SPADE International (a)			81					(614		)			(1,346		)		(666		)
	Adelington Design Group			1,020					7,337					1,030				3,260
	Other (b)			(685		)			(4,779		)			(90		)		(2,097		)
	Total Reportable Segments Adjusted EBITDA			70,030					22,494					20,724				10,750
	Depreciation and amortization, net (c)			(34,033		)			(24,015		)			(11,752		)		(8,330		)
	Charges due to streamlining initiatives, brand-exiting activities, acquisition related costs and loss on asset disposals and impairments, net (d)			(19,035		)			(8,660		)			(870		)		(2,758		)
	Share-based compensation (e)			(31,772		)			(3,756		)			(5,740		)		(1,412		)
	Equity loss included in Reportable Segments Adjusted EBITDA			1,358					983					1,185				421
	Operating (Loss) Income			(13,452		)			(12,954		)			3,547				(1,329		)
	Other (expense) income, net (a)			(1,717		)			(1,809		)			(1,805		)		893
	Impairment of cost investment			--					(6,109		)			--				--
	Loss on extinguishment of debt			(16,914		)			(1,707		)			--				(599		)
	Interest expense, net			(18,185		)			(35,877		)			(2,189		)		(12,117		)
	(Benefit) provision for income taxes			(500		)			3,042					(3,070		)		1,013
	(Loss) Income from Continuing Operations			$	(49,768	)			$	(61,498	)			$	2,623			$	(14,165	)
		(a)		Amounts include equity in the losses of the Company’s equity method investee of $1.4 million and $1.0 million for the nine months ended October 4, 2014 and September 28, 2013, respectively and $1.2 million and $0.4 million for the three months ended October 4, 2014 and September 28, 2013, respectively.
		(b)		Other consists of expenses principally related to distribution functions that were included in Juicy Couture and Lucky Brand historical results, but are not directly attributable to those businesses and therefore have not been included in discontinued operations.
		(c)		Excludes amortization included in Interest expense, net.
		(d)		See Note 12 – Streamlining Initiatives for a discussion of streamlining charges.
		(e)		Includes share-based compensation expense of $17.2 million and $0.3 million in the nine and three months ended October 4, 2014, respectively, that was classified as restructuring.
Schedule of geographic data	'
	Dollars in thousands		Net Sales			% to Total
	Nine Months Ended October 4, 2014 (40 weeks)
	Domestic		$	572,073		77.3%
	International		167,956			22.7%
	Totals		$	740,029		100.0%
	Nine Months Ended September 28, 2013 (39 weeks)
	Domestic		$	416,375		78.9%
	International		111,567			21.1%
	Totals		$	527,942		100.0%
	Dollars in thousands		Net Sales			% to Total
	Three Months Ended October 4, 2014 (13 weeks)
	Domestic		$	192,805		77.0%
	International		57,612			23.0%
	Totals		$	250,417		100.0%
	Three Months Ended September 28, 2013 (13 weeks)
	Domestic		$	151,172		78.5%
	International		41,440			21.5%
	Totals		$	192,612		100.0%

DERIVATIVE_INSTRUMENTS_Tables

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Oct. 04, 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	Amount
		(Loss) Recognized		(Loss) Reclassified	Reclassified from	Recognized in
		in Accumulated		from Accumulated	Accumulated OCI	Operations on
		OCI on Derivative		OCI into Operations	into Operations	Derivative
		(Effective Portion)		(Effective and	(Effective Portion)	(Ineffective
				Ineffective Portion)		Portion)
	Nine months ended	$       541		Cost of goods sold	$      1,028	$      --
	October 4, 2014
	Nine months ended	1,772		Cost of goods sold	895	--
	September 28, 2013
	Three months ended	933		Cost of goods sold	239	--
	October 4, 2014
	Three months ended	(164	)	Cost of goods sold	593	--
	September 28, 2013
Designated as Hedging Instrument	'
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
	October 4, 2014	Other current assets		$   22,050	$     1,233	Accrued expenses	$           --	$           --
	December 28, 2013	Other current assets		21,050	1,317	Accrued expenses	--	--
	September 28, 2013	Other current assets		10,148	525	Accrued expenses	21,400	132
Not Designated as Hedging Instrument	'
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
	October 4, 2014	Other current assets		$   36,748	$     347	Accrued expenses	$           --	$           --
	December 28, 2013	Other current assets		38,403	384	Accrued expenses	--	--
	September 28, 2013	Other current assets		--	--	Accrued expenses	40,454	241

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Oct. 04, 2014
SHARE-BASED COMPENSATION	'
Schedule of valuation assumptions used to estimate fair value of stock options granted using the Binomial lattice pricing model	'
			Nine Months Ended
	Valuation Assumptions:		September 28, 2013
	Weighted-average fair value of options granted		$10.32
	Historic volatility		59.5%
	Weighted-average volatility		59.5%
	Expected term (in years)		4.9
	Dividend yield		—
	Risk-free rate		0.1% to 3.9%
	Expected annual forfeiture		12.40%
Summary of award activity under stock option plans	'
			Shares		Weighted		Weighted	Aggregate
					Average Exercise		Average	Intrinsic Value
					Price		Remaining	(In thousands)
							Contractual
							Term
	Outstanding at December 28, 2013		5,166,375		$	11.26	3.4	$	108,498
	Exercised		(3,936,081	)	10.52			41,410
	Cancelled/expired		(125,075	)	37.21
	Outstanding at October 4, 2014		1,105,219		$	10.98	4	$	17,905
	Vested or expected to vest at October 4, 2014		1,091,380		$	10.87	4	$	17,796
	Exercisable at October 4, 2014		611,654		$	6.9	3.3	$	12,404
Schedule of valuation assumptions used to determine fair value for the MSUs granted using the Monte Carlo simulation model	'
			Nine Months Ended
	Valuation Assumptions:		October 4, 2014
	Weighted-average fair value		$50.24
	Expected volatility		52.30%
	Dividend yield		—
	Risk-free rate		1.68%
	Weighted-average expected annual forfeiture		4.80%
Schedule of valuation assumptions used to determine fair value of performance share units granted using the Monte Carlo simulation model	'
			Nine Months Ended
	Valuation Assumptions:		October 4, 2014
	Weighted-average fair value		$43.93
	Expected volatility		44.20%
	Dividend yield		—
	Risk-free rate		0.66%
	Weighted-average expected annual forfeiture		4.00%
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		1,614,778		48.34
	Vested		(396,000	)	17.13
	Cancelled (a)		(521,042	)	15.2
	Nonvested stock at October 4, 2014		1,732,986		$        45.48
	Expected to vest as of October 4, 2014 (b)		1,480,433		$        45.54
		(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.
		(b)		Excludes the potential impact of the performance share multiplier, which 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 and zero to 200% of the number of LTIP awards granted depending on the Company’s TSR relative to the TSR of the S&P Mid-Cap 400 Index.

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

In Millions, unless otherwise specified

Oct. 04, 2014

Jul. 05, 2014

Sep. 28, 2013

Oct. 04, 2014

Sep. 28, 2013

Jan. 03, 2015

Dec. 28, 2013

Nov. 19, 2013

Apr. 07, 2014

Feb. 03, 2014

Nov. 06, 2013

Nov. 06, 2013

Nov. 06, 2013

Feb. 05, 2014

Feb. 05, 2014

Feb. 03, 2014

Feb. 03, 2014

Jul. 05, 2014

Oct. 04, 2014

Jul. 05, 2014

Oct. 04, 2014

item

item

Juicy Couture Disposal Group [Member]

Juicy Couture Disposal Group [Member]

LBD Acquisition

ABG

ABG

ABG

KATE SPADE International

KATE SPADE International

Lucky Brand

Lucky Brand

Domestic

Domestic

International

International

Lucky Brand

Juicy Couture

Juicy Couture

Juicy Couture

LBD Acquisition

LBD Acquisition

item

item

item

item

Lucky Brand Note

Minimum [Member]

Maximum [Member]

Lucky Brand Note

NATURE OF OPERATIONS AND BASIS OF PRESENTATION

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of reportable segments resulting from disaggregation of former KATE SPADE segment

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Operating Segments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1

4

4

Number of reportable segments

'

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price

'

'

'

'

'

'

'

'

'

'

$195

'

'

$32.30

$32.30

'

'

'

'

'

'

Working capital and other previously agreed adjustments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.3

'

'

'

'

'

'

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

'

'

'

'

'

'

'3 years

'

'

'

'

Note

'

'

'

'

'

'

'

'

'

85

'

'

'

'

'

'

85

'

'

'

'

Increase in principal amount of Lucky Note annual increments

'

'

'

'

'

'

'

'

'

5

'

'

'

'

'

'

'

'

'

'

'

Cash interest on note

'

'

'

'

'

'

'

'

'

8

'

'

'

'

'

'

'

'

'

'

'

Additional contingent payment

'

'

'

'

'

'

'

'

'

'

'

'

10

'

'

'

'

'

'

'

'

Guaranteed minimum royalties payment

'

'

'

'

'

'

'

'

'

'

'

10

'

'

'

'

'

'

'

'

'

Consideration on termination under disposition leases

'

'

'

'

'

'

'

51

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds received from termination under disposition leases

'

'

'

'

'

'

'

45.8

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds previously received from termination under disposition leases

'

'

'

'

'

'

'

$5

'

'

'

'

'

'

'

'

'

'

'

'

'

Period in fiscal year

'91 days

'

'91 days

'280 days

'273 days

'371 days

'364 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fiscal Year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Period in fiscal year

'91 days

'

'91 days

'280 days

'273 days

'371 days

'364 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

ACQUISITION_Details

ACQUISITION (Details) (USD $)

Oct. 04, 2014

Dec. 28, 2013

Sep. 28, 2013

Dec. 29, 2012

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Feb. 05, 2014

Feb. 05, 2014

Oct. 04, 2014

Dec. 28, 2013

Sep. 28, 2013

Dec. 29, 2012

Feb. 05, 2014

Feb. 05, 2014

Feb. 05, 2014

Globalluxe Kate Spade H K Limited [Member]

Globalluxe Kate Spade H K Limited [Member]

Globalluxe Kate Spade H K Limited [Member]

Globalluxe Kate Spade H K Limited [Member]

Globalluxe Kate Spade H K Limited [Member]

Globalluxe Kate Spade H K Limited [Member]

Globalluxe Kate Spade H K Limited [Member]

Globalluxe Kate Spade H K Limited [Member]

KATE SPADE International

KATE SPADE International

KATE SPADE International

KATE SPADE International

KATE SPADE International

KATE SPADE International

KATE SPADE International

KATE SPADE International

KATE SPADE International

HONG KONG

TAIWAN, PROVINCE OF CHINA

MACAU

SINGAPORE

MALAYSIA

INDONESIA

THAILAND

Distribution Rights [Member]

Customer Lists [Member]

KATE SPADE North America

item

item

item

item

item

item

item

ACQUISITION

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price

'

'

'

'

'

'

'

'

'

'

'

'

$32,300,000

$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

68,871,000

49,111,000

52,679,000

60,223,000

'

'

'

'

'

'

'

'

'

'

67,494,000

47,664,000

51,176,000

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		9 Months Ended
	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013	Dec. 28, 2013
Assets held for sale:	'	'	'	'	'
Assets held for sale	'	'	'	'	$202,054,000
Liabilities held for sale:	'	'	'	'	'
Liabilities held for sale	'	'	'	'	96,370,000
Pretax income (charges) related to disposal of discontinued operations	-2,800,000	-7,800,000	131,000,000	-31,600,000	'
Results of discontinued operations	'	'	'	'	'
Net sales	521,000	237,992,000	209,179,000	656,402,000	'
Loss before provision for income taxes	-5,970,000	5,378,000	-44,913,000	-18,371,000	'
Provision for income taxes	13,000	255,000	656,000	693,000	'
Loss from discontinued operations, net of income taxes	-5,983,000	5,123,000	-45,569,000	-19,064,000	'
Income (loss) on disposal of discontinued operations, net of income taxes	-5,770,000	-7,824,000	127,973,000	-31,615,000	'
Charges related to streamlining initiatives of the entity	300,000	400,000	25,400,000	2,600,000	'
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		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 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)	-9,130	-16,866	32,636	-112,177
Balance at the end of the period	70,166	-220,715	70,166	-220,715
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	'	'	37,618	5,206
Exchanges of Convertible Senior Notes, net	'	'	'	-652
Balance at the end of the period	193,602	151,572	193,602	151,572
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)	'	'	32,636	-112,177
Exercise of stock options	'	'	-22,430	-3,773
Restricted shares issued, net of cancellations and shares withheld for taxes	'	'	-9,171	-5,344
Exchanges of Convertible Senior Notes, net	'	'	'	-112,230
Balance at the end of the period	1,021,668	838,027	1,021,668	838,027
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	'	'	63,840	6,099
Restricted shares issued, net of cancellations and shares withheld for taxes	'	'	4,384	3,212
Exchanges of Convertible Senior Notes, net	'	'	'	133,001
Balance at the end of the period	($1,296,433)	($1,369,550)	($1,296,433)	($1,369,550)

STOCKHOLDERS_EQUITY_DEFICIT_De1

STOCKHOLDERS' EQUITY (DEFICIT) (Details 2) (USD $)	Oct. 04, 2014	Dec. 28, 2013	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
In Thousands, unless otherwise specified				Cumulative Translation Adjustment	Cumulative Translation Adjustment	Cumulative Translation Adjustment	Cumulative Translation Adjustment	Unrealized Gains (Losses) on Cash Flow Hedging Derivatives	Unrealized Gains (Losses) on Cash Flow Hedging Derivatives	Unrealized Gains (Losses) on Cash Flow Hedging Derivatives	Unrealized Gains (Losses) on Cash Flow Hedging Derivatives
Accumulated other comprehensive (loss) Income	'	'	'	'	'	'	'	'	'	'	'
Cumulative translation adjustment, net of income taxes of $0	($25,789)	($21,862)	($17,745)	'	'	'	'	'	'	'	'
Unrealized gains on cash flow hedging derivatives, net of income tax of $0, $602 and $333, respectively	681	983	544	'	'	'	'	'	'	'	'
Accumulated other comprehensive loss, net of income taxes	-25,108	-20,879	-17,201	-25,789	-17,745	-25,789	-17,745	681	544	681	544
Income tax effect on cumulative translation adjustment	0	0	0	'	'	'	'	'	'	'	'
Income tax effect on gains on cash flow hedging derivatives	417	602	333	'	'	'	'	'	'	'	'
Change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'	'	'	'	'	'	'	'	'	'	'
Balance at the beginning of the period	-25,108	-20,879	-17,201	-20,374	-18,002	-21,862	-10,074	251	1,013	983	'
Other comprehensive income (loss) before reclassification	'	'	'	-5,415	257	-3,927	-7,671	578	-101	336	1,099
Amounts reclassified from accumulated other comprehensive income	'	'	'	'	'	'	'	-148	-368	-638	-555
Net current-period other comprehensive (loss) income	'	'	'	-5,415	257	-3,927	-7,671	430	-469	-302	544
Balance at the end of the period	($25,108)	($20,879)	($17,201)	($25,789)	($17,745)	($25,789)	($17,745)	$681	$544	$681	$544

INVENTORIES_NET_Details

INVENTORIES, NET (Details) (USD $)	Oct. 04, 2014	Dec. 28, 2013	Sep. 28, 2013
In Thousands, unless otherwise specified
INVENTORIES, NET	'	'	'
Raw materials and work in process	$622	$1,028	$1,999
Finished goods	220,103	183,606	308,639
Total inventories, net	$220,725	$184,634	$310,638

PROPERTY_AND_EQUIPMENT_NET_Det

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

3 Months Ended

9 Months Ended

3 Months Ended

Oct. 04, 2014

Sep. 28, 2013

Oct. 04, 2014

Sep. 28, 2013

Dec. 28, 2013

Jun. 29, 2013

Sep. 28, 2013

Oct. 04, 2014

Dec. 28, 2013

Sep. 28, 2013

Oct. 04, 2014

Dec. 28, 2013

Sep. 28, 2013

Oct. 04, 2014

Dec. 28, 2013

Sep. 28, 2013

Oct. 04, 2014

Dec. 28, 2013

Sep. 28, 2013

Sale Leaseback Agreement for North Bergen, New Jersey Office [Member]

Sale Lease back Agreement for Ohio Facility [Member]

Land and Building [Member]

Land and Building [Member]

Land and Building [Member]

Machinery and Equipment [Member]

Machinery and Equipment [Member]

Machinery and Equipment [Member]

Furniture and Fixtures [Member]

Furniture and Fixtures [Member]

Furniture and Fixtures [Member]

Leasehold Improvements [Member]

Leasehold Improvements [Member]

Leasehold Improvements [Member]

item

PROPERTY AND EQUIPMENT, NET

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total property and equipment, gross

$348,811,000

$630,718,000

$348,811,000

$630,718,000

$438,071,000

'

'

$9,300,000

$9,300,000

$9,300,000

$155,568,000

$171,811,000

$209,196,000

$59,422,000

$83,753,000

$142,707,000

$124,521,000

$173,207,000

$269,515,000

Less: Accumulated depreciation and amortization

172,452,000

386,247,000

172,452,000

386,247,000

289,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total property and equipment, net

176,359,000

244,471,000

176,359,000

244,471,000

149,071,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Depreciation and amortization expense on property and equipment

9,400,000

6,600,000

26,500,000

18,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Depreciation for property and equipment under capital leases

200,000

700,000

600,000

1,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property and equipment under capital leases

9,300,000

31,900,000

9,300,000

31,900,000

9,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from capital lease

'

'

'

8,673,000

'

'

20,300,000

'

'

'

'

'

'

'

'

'

'

'

'

Lease term

'

'

'

'

'

'12 years

'10 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		9 Months Ended
	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013	Dec. 28, 2013
Amortized intangible assets:	'	'	'	'	'
Gross carrying amount	$37,460,000	$42,455,000	$37,460,000	$42,455,000	$28,981,000
Accumulated amortization	-19,671,000	-22,053,000	-19,671,000	-22,053,000	-13,203,000
Net	17,789,000	20,402,000	17,789,000	20,402,000	15,778,000
Unamortized intangible assets:	'	'	'	'	'
Owned trademarks	74,900,000	102,200,000	74,900,000	102,200,000	74,900,000
Total intangible assets, net	92,689,000	122,602,000	92,689,000	122,602,000	90,678,000
Goodwill	68,871,000	52,679,000	68,871,000	52,679,000	'
Amortization expense of intangible assets	1,900,000	1,400,000	6,500,000	4,400,000	'
Changes in carrying amount of goodwill	'	'	'	'	'
Balance at beginning of the period	'	'	49,111,000	60,223,000	'
Acquired	'	'	21,836,000	'	'
Translation adjustment	'	'	-2,076,000	-7,544,000	'
Balance at end of the period	68,871,000	52,679,000	68,871,000	52,679,000	'
Estimated amortization expense for intangible assets	'	'	'	'	'
Fiscal Year 2014	9,200,000	'	9,200,000	'	'
Fiscal Year 2015	8,000,000	'	8,000,000	'	'
Fiscal Year 2016	2,400,000	'	2,400,000	'	'
Fiscal Year 2017	1,900,000	'	1,900,000	'	'
Fiscal Year 2018	1,100,000	'	1,100,000	'	'
Goodwill, Impairment Loss	'	'	0	'	'
KATE SPADE International	'	'	'	'	'
Unamortized intangible assets:	'	'	'	'	'
Goodwill	67,494,000	51,176,000	67,494,000	51,176,000	'
Changes in carrying amount of goodwill	'	'	'	'	'
Balance at beginning of the period	'	'	47,664,000	58,669,000	'
Acquired	'	'	21,836,000	'	'
Translation adjustment	'	'	-2,006,000	-7,493,000	'
Balance at end of the period	67,494,000	51,176,000	67,494,000	51,176,000	'
Adelington Design Group	'	'	'	'	'
Unamortized intangible assets:	'	'	'	'	'
Goodwill	1,377,000	1,503,000	1,377,000	1,503,000	'
Changes in carrying amount of goodwill	'	'	'	'	'
Balance at beginning of the period	'	'	1,447,000	1,554,000	'
Translation adjustment	'	'	-70,000	-51,000	'
Balance at end of the period	1,377,000	1,503,000	1,377,000	1,503,000	'
Owned trademarks	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Gross carrying amount	2,000,000	3,479,000	2,000,000	3,479,000	2,000,000
Accumulated amortization	-400,000	-1,475,000	-400,000	-1,475,000	-100,000
Net	1,600,000	2,004,000	1,600,000	2,004,000	1,900,000
Unamortized intangible assets:	'	'	'	'	'
Non-cash impairment charge	'	'	'	3,300,000	'
Owned trademarks | Weighted Average	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Amortization Period	'	'	'5 years	'	'
Customer relationships	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Gross carrying amount	7,493,000	7,335,000	7,493,000	7,335,000	7,273,000
Accumulated amortization	-4,637,000	-3,843,000	-4,637,000	-3,843,000	-4,022,000
Net	2,856,000	3,492,000	2,856,000	3,492,000	3,251,000
Customer relationships | Weighted Average	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Amortization Period	'	'	'11 years	'	'
Merchandising rights	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Gross carrying amount	10,322,000	17,188,000	10,322,000	17,188,000	6,087,000
Accumulated amortization	-3,716,000	-10,974,000	-3,716,000	-10,974,000	-2,595,000
Net	6,606,000	6,214,000	6,606,000	6,214,000	3,492,000
Merchandising rights | Weighted Average	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Amortization Period	'	'	'4 years	'	'
Reacquired rights	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Gross carrying amount	15,323,000	12,131,000	15,323,000	12,131,000	11,299,000
Accumulated amortization	-8,715,000	-3,707,000	-8,715,000	-3,707,000	-4,394,000
Net	6,608,000	8,424,000	6,608,000	8,424,000	6,905,000
Reacquired rights | Weighted Average	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Amortization Period	'	'	'2 years	'	'
Other	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Gross carrying amount	2,322,000	2,322,000	2,322,000	2,322,000	2,322,000
Accumulated amortization	-2,203,000	-2,054,000	-2,203,000	-2,054,000	-2,092,000
Net	$119,000	$268,000	$119,000	$268,000	$230,000
Other | Weighted Average	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'
Amortization Period	'	'	'4 years	'	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Oct. 04, 2014	Oct. 04, 2014
INCOME TAXES	'	'
Income tax charge on discontinued operations of Lucky Brand and Juicy Couture	$3	$3
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, inclusive of interest & penalties, within the next 12 months, low end of the range	85.5	85.5
Expected reduction in the liability for unrecognized tax benefits, inclusive of interest & penalties, within the next 12 months, high end of the range	87.6	87.6
Uncertain tax positions	$80.60	$80.60

DEBT_AND_LINES_OF_CREDIT_Detai

DEBT AND LINES OF CREDIT (Details)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

3 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

Sep. 28, 2013

Oct. 04, 2014

Sep. 28, 2013

Dec. 28, 2013

Dec. 29, 2012

Jun. 29, 2013

Sep. 28, 2013

Mar. 30, 2013

Sep. 28, 2013

Apr. 14, 2014

Jul. 12, 2012

Apr. 07, 2011

Jul. 05, 2014

Oct. 04, 2014

12-May-14

Dec. 28, 2013

Sep. 28, 2013

Jul. 12, 2012

Jun. 30, 2012

Jun. 08, 2012

31-May-14

Oct. 04, 2014

Dec. 28, 2013

Sep. 28, 2013

31-May-14

31-May-14

31-May-14

31-May-14

31-May-14

31-May-14

31-May-14

31-May-14

Apr. 08, 2011

Oct. 04, 2014

Dec. 28, 2013

Sep. 28, 2013

Jun. 29, 2013

12-May-14

Apr. 10, 2014

Oct. 04, 2014

Apr. 10, 2014

Apr. 10, 2014

Apr. 10, 2014

Apr. 10, 2014

Apr. 10, 2014

Apr. 10, 2014

Apr. 10, 2014

USD ($)

USD ($)

USD ($)

USD ($)

Sale Leaseback Agreement for North Bergen, New Jersey Office [Member]

Convertible Notes Payable [Member]

Convertible Notes Payable [Member]

Convertible Notes Payable [Member]

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 [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Letter of Credit [Member]

Standby letters of credit

Multi-currency revolving credit line

Swingline revolving credit line

Euro Currency Credit Line [Member]

Euro Currency Credit Line [Member]

Euro Currency Credit Line [Member]

5.0% Euro Notes, due July 2013

Capital lease obligations

Capital lease obligations

Capital lease obligations

Capital lease obligations

Term Loan credit facility, due April 2021

Term Loan credit facility, due April 2021

Term Loan credit facility, due April 2021

Term Loan credit facility, due April 2021

Term Loan credit facility, due April 2021

Term Loan credit facility, due April 2021

Consolidated Net Total Debt Ratio Less than 2.75 To1.0 [Member]

Consolidated Net Total Debt Ratio Less than 2.75 To1.0 [Member]

Consolidated Net Total Debt Ratio Less than 2.25 To1.0 [Member]

Consolidated Net Total Debt Ratio Less than 2.25 To1.0 [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

EUR (€)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Maximum [Member]

USD ($)

USD ($)

USD ($)

USD ($)

Minimum [Member]

Maximum [Member]

EUR (€)

USD ($)

USD ($)

USD ($)

Sale Leaseback Agreement for North Bergen, New Jersey Office [Member]

USD ($)

USD ($)

USD ($)

USD ($)

Minimum [Member]

Maximum [Member]

Term Loan credit facility, due April 2021

Term Loan credit facility, due April 2021

Term Loan credit facility, due April 2021

Term Loan credit facility, due April 2021

item

USD ($)

USD ($)

DEBT AND LINES OF CREDIT

'

'

'

'

'

'

'

'

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'

'

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'

'

'

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'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

10.50%

'

10.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total debt

$528,719,000

$408,797,000

$528,719,000

$394,201,000

'

'

'

'

'

'

'

'

'

'

'

$382,209,000

$382,588,000

'

'

'

'

$3,000,000

$2,997,000

$136,233,000

'

'

'

'

'

'

'

'

'

$8,691,000

$8,995,000

$9,898,000

'

'

'

$397,106,000

'

'

'

'

'

'

'

Less: Short-term borrowings

137,440,000

7,446,000

137,440,000

3,407,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt

391,279,000

401,351,000

391,279,000

390,794,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal amount of debt

'

'

'

'

'

'

'

'

'

'

'

220,000,000

'

'

'

'

'

52,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate principal amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

152,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000,000

400,000,000

'

'

'

'

'

'

Unamortized debt discount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,900,000

'

'

'

'

'

'

'

Amortization payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,000,000

'

'

'

'

'

'

'

Debt conversion, aggregate principal amount

'

'

'

'

'

'

8,800,000

11,200,000

19,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock converted from convertible notes

'

'

'

'

'

'

2,462,509

3,171,670

5,634,179

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Pretax loss on the extinguishment of debt

599,000

16,914,000

1,707,000

'

'

'

600,000

'

1,700,000

'

'

'

16,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds used to redeem the Company's remaining outstanding debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

354,800,000

'

'

'

'

'

'

'

'

'

Net proceeds from issuance of debt

'

'

'

'

'

'

'

'

'

'

160,600,000

212,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repurchase of aggregate principal amount of debt

'

'

'

'

'

'

'

'

'

37,200,000

'

'

'

'

334,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

128,500,000

'

'

'

'

'

'

'

392,000,000

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

103.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

105.25%

'

'

'

'

'

'

'

'

'

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%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Quarterly amortization payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

Variable rate basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'

'

'

'

'

Floor rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

Spread on variable rate basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.50%

2.00%

'

'

'

'

'

'

'

3.00%

'

'

'

'

'

'

'

Additional incremental overall limit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000,000

'

'

'

'

'

'

Consolidated net total secured debt ratio used for determining additional amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

3.75

'

'

'

'

Refinancing term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'6 months

'

'

'

'

'

'

'

'

Penalty (as a percentage)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

Amount required to be prepaid as a percentage of Company's excess cash flow

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

'

'

25.00%

'

0.00%

'

Consolidated net total secured debt ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.75

'

2.25

Available capacity under amended facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000,000

200,000,000

'

'

'

125,000,000

40,000,000

35,000,000

30,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Option to increase borrowing under certain specified conditions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of borrowing options under amended facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Availability for number of consecutive business days to apply cash collections to reduce outstanding borrowings, maximum availability under credit facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fixed charge coverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Trailing number of quarters over which fixed charge coverage ratio is required to be maintained

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Availability for number of consecutive business days for which specified fixed charge coverage ratio has to be maintained

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Availability below which specified fixed charge coverage ratio has to be maintained

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Availability under amended facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000,000

200,000,000

'

'

'

125,000,000

40,000,000

35,000,000

30,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Borrowing Base

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

231,216,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Letters of Credit Issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,819,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

182,181,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Excess Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

162,181,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding Borrowings

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale price of office building under sale-leaseback agreement

'

'

8,673,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,700,000

'

'

'

'

'

'

'

'

'

'

Lease term

'

'

'

'

'

'12 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'12 years

'

'

'

'

'

'

'

'

'

'

Total lease payments under sale-leaseback agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,700,000

9,000,000

9,900,000

26,900,000

'

'

'

'

'

'

'

'

'

'

Short-term borrowings included in capital lease obligations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$400,000

$400,000

$1,200,000

'

'

'

'

'

'

'

'

'

'

'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	9 Months Ended
	Sep. 28, 2013	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Dec. 28, 2013	Sep. 28, 2013
	Owned trademarks	Fair value on non-recurring basis	Fair value on non-recurring basis	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	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	'	'	'	'	'	'	$1,580,000	$1,701,000	$525,000
Financial Liabilities: Derivatives	'	'	'	'	'	'	'	'	-373,000
Property and equipment	'	667,000	336,000	'	110,000	'	'	'	'
Intangibles, net	'	3,300,000	'	2,000,000	'	2,000,000	'	'	'
Other Assets, Fair Value Disclosure	'	6,109,000	'	'	'	'	'	'	'
Assumptions	'	'	'	'	'	'	'	'	'
Discount rate (as a percent)	'	3.50%	'	'	'	'	'	'	'
Market royalty rate (as a percent)	'	14.00%	'	'	'	'	'	'	'
Long term growth rate (as a percent)	'	2.00%	'	'	'	'	'	'	'
Non-cash impairment charge	$3,300,000	'	'	'	'	'	'	'	'

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Oct. 04, 2014	Dec. 28, 2013	Sep. 28, 2013	Apr. 07, 2011
In Thousands, unless otherwise specified
Convertible Notes Payable [Member]	'	'	'	'
Fair values and carrying values of debt instruments	'	'	'	'
Fair Value	388,776	'	'	'
Carrying value	397,106	'	'	'
10.5% Senior Secured Notes, due April 2019	'	'	'	'
Fair values and carrying values of debt instruments	'	'	'	'
Fair Value	'	400,830	405,480	'
Carrying value	'	382,209	382,588	'
Stated Percentage	10.50%	'	'	10.50%
Revolving Credit Facility [Member]	'	'	'	'
Fair values and carrying values of debt instruments	'	'	'	'
Fair Value	3,000	2,997	136,233	'
Carrying value	3,000	$2,997	$136,233	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended							3 Months Ended
	Dec. 28, 2013	Jun. 30, 2012	Jul. 03, 2010	Jul. 04, 2009	Apr. 04, 2009	Oct. 04, 2014	Oct. 04, 2014	Jun. 29, 2013
							Liz Claiborne Canada Retail Stores [Member]	Sale Leaseback Agreement for North Bergen, New Jersey Office [Member]
							item	item
Capital lease obligations	'	'	'	'	'	'	'	'
Number of store leases assigned to third parties	'	'	'	'	'	'	277	'
Number of leases for which the entity is secondarily liable	'	'	'	'	'	'	204	'
Future aggregate payments under disposition leases	'	'	'	'	'	'	$177,900,000	'
Lease term	'	'	'	'	'	'	'	'12 years
Number of renewal options under the sale-leaseback transaction	'	'	'	'	'	'	'	2
Term of options under the sale-leaseback transaction	'	'	'	'	'	'	'	'5 years
Payment received from Li & Fung Limited	'	'	'	'	75,000,000	'	'	'
Additional payment received to offset specific, incremental, identifiable expenses associated with the transaction	'	'	'	8,000,000	'	'	'	'
Refund of closing payment received from Li & Fung Limited	6,000,000	1,800,000	24,300,000	'	'	'	'	'
Estimated future minimum lease payments under the noncancelable capital lease	'	'	'	'	'	'	'	'
2014	'	'	'	'	'	501,000	'	'
2015	'	'	'	'	'	2,036,000	'	'
2016	'	'	'	'	'	2,089,000	'	'
2018	'	'	'	'	'	2,194,000	'	'
2017	'	'	'	'	'	2,141,000	'	'
Thereafter	'	'	'	'	'	15,328,000	'	'
Total	'	'	'	'	'	24,289,000	'	'
Less: Amounts representing interest and executory costs	'	'	'	'	'	-15,598,000	'	'
Net present values	'	'	'	'	'	8,691,000	'	'
Less: Capital lease obligations included in short-term debt	'	'	'	'	'	-446,000	'	'
Long-term capital lease obligations	'	'	'	'	'	$8,245,000	'	'

STREAMLINING_INITIATIVES_Detai

STREAMLINING INITIATIVES (Details) (USD $)	3 Months Ended		9 Months Ended
	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
STREAMLINING INITIATIVES	'	'	'	'
Expected payment of accrued streamlining costs in the next 12 months	$7,400,000	'	$7,400,000	'
Expected payment of accrued streamlining costs classified as discontinued operations in the next 12 months	'	'	18,300,000	'
Expenses associated with streamlining actions	1,134,000	-1,048,000	34,979,000	3,312,000
Non-cash charges recorded related to streamlining initiatives	'	'	18,200,000	1,500,000
Roll forward of liability for streamlining initiatives	'	'	'	'
Balance at the beginning of the period	'	'	16,894,000	'
Provision	1,134,000	-1,048,000	34,979,000	3,312,000
2014 asset write-downs	'	'	-931,000	'
Translation difference	'	'	-51,000	'
Spending	'	'	-40,304,000	'
Balance at the end of the period	10,587,000	'	10,587,000	'
Share-based compensation	5,740,000	1,412,000	31,772,000	3,756,000
KATE SPADE North America	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	23,000	-383,000	3,178,000	528,000
Roll forward of liability for streamlining initiatives	'	'	'	'
Provision	23,000	-383,000	3,178,000	528,000
Adelington Design Group	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	6,000	-227,000	222,000	164,000
Roll forward of liability for streamlining initiatives	'	'	'	'
Provision	6,000	-227,000	222,000	164,000
Juicy Couture [Member]	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	1,105,000	-438,000	31,579,000	2,620,000
Roll forward of liability for streamlining initiatives	'	'	'	'
Provision	1,105,000	-438,000	31,579,000	2,620,000
Payroll and Related Costs [Member]	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	'	'	32,603,000	'
Roll forward of liability for streamlining initiatives	'	'	'	'
Balance at the beginning of the period	'	'	3,036,000	'
Provision	'	'	32,603,000	'
Spending	'	'	-33,948,000	'
Balance at the end of the period	1,691,000	'	1,691,000	'
Contract Termination [Member]	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	'	'	1,260,000	'
Roll forward of liability for streamlining initiatives	'	'	'	'
Balance at the beginning of the period	'	'	2,151,000	'
Provision	'	'	1,260,000	'
Translation difference	'	'	-48,000	'
Spending	'	'	-2,395,000	'
Balance at the end of the period	968,000	'	968,000	'
Asset Write Downs and Disposals [Member]	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	'	'	931,000	1,500,000
Roll forward of liability for streamlining initiatives	'	'	'	'
Provision	'	'	931,000	1,500,000
2014 asset write-downs	'	'	-931,000	'
Other Restructuring [Member]	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	'	'	185,000	1,800,000
Roll forward of liability for streamlining initiatives	'	'	'	'
Balance at the beginning of the period	'	'	11,707,000	'
Provision	'	'	185,000	1,800,000
Translation difference	'	'	-3,000	'
Spending	'	'	-3,961,000	'
Balance at the end of the period	7,928,000	'	7,928,000	'
Withdrawal liability incurred	7,900,000	'	7,900,000	'
Payroll and Related Costs and Spending	'	'	'	'
Roll forward of liability for streamlining initiatives	'	'	'	'
Share-based compensation	$300,000	'	$17,200,000	'

EARNINGS_PER_COMMON_SHARE_Deta

EARNINGS PER COMMON SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Anti-dilutive shares	'	'	'	'
Loss from continuing operations	$2,623	($14,165)	($49,768)	($61,498)
Income (loss) from discontinued operations, net of income taxes	-11,753	-2,701	82,404	-50,679
Net income (loss)	($9,130)	($16,866)	$32,636	($112,177)
Basic weighted average shares outstanding	126,971,000	122,396,000	125,972,000	120,480,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	639,000	'	'	'
Diluted weighted average shares outstanding	127,610,000	122,396,000	125,972,000	120,480,000
Earnings Per Share, Basic [Abstract]	'	'	'	'
(Loss) income from continuing operations (in dollars per share)	$0.02	($0.12)	($0.40)	($0.51)
Income (loss) from discontinued operations (in dollars per share)	($0.09)	($0.02)	$0.66	($0.42)
Net income (loss) (in dollars per share)	($0.07)	($0.14)	$0.26	($0.93)
Earnings Per Share, Diluted [Abstract]	'	'	'	'
(Loss) income from continuing operations (in dollars per share)	$0.02	($0.12)	($0.40)	($0.51)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	($0.09)	($0.02)	$0.66	($0.42)
Net income (loss) (in dollars per share)	($0.07)	($0.14)	$0.26	($0.93)
Shares excluded from computation of diluted earnings per share	639,000	'	'	'
Employee Stock Option	'	'	'	'
Anti-dilutive shares	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	5,700,000	1,100,000	5,700,000
Earnings Per Share, Diluted [Abstract]	'	'	'	'
Shares excluded from computation of diluted earnings per share	'	5,700,000	1,100,000	5,700,000
Nonvested Shares [Member]	'	'	'	'
Anti-dilutive shares	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,700,000	600,000	'	'
Earnings Per Share, Diluted [Abstract]	'	'	'	'
Shares excluded from computation of diluted earnings per share	1,700,000	600,000	'	'
Shares not achieving performance criteria excluded from computation of diluted earnings per share	'	500,000	'	500,000
Convertible Notes Payable [Member]	'	'	'	'
Anti-dilutive shares	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	300,000	'	2,000,000
Earnings Per Share, Diluted [Abstract]	'	'	'	'
Shares excluded from computation of diluted earnings per share	'	300,000	'	2,000,000

ADDITIONAL_FINANCIAL_INFORMATI1

ADDITIONAL FINANCIAL INFORMATION (Details) (Trademark rights for LIZ CLAIBORNE family brands and MONET brand, 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	'

ADDITIONAL_FINANCIAL_INFORMATI2

ADDITIONAL FINANCIAL INFORMATION (Details 2) (USD $)	9 Months Ended			12 Months Ended	0 Months Ended	3 Months Ended			9 Months Ended	0 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 27, 2014	Oct. 04, 2014	Sep. 28, 2013	Dec. 28, 2013	Feb. 08, 2013	Mar. 30, 2013	Sep. 28, 2013	Mar. 30, 2013	Sep. 28, 2013	Feb. 03, 2014
					Trademark rights for LIZ CLAIBORNE family brands and MONET brand	Trademark rights for LIZ CLAIBORNE family brands and MONET brand	Convertible Notes Payable [Member]	Convertible Notes Payable [Member]	Convertible Notes Payable [Member]	Lucky Brand Note
										Lucky Brand
										LBD Acquisition
Condensed Consolidated Statements of Cash Flows Supplementary Disclosures	'	'	'	'	'	'	'	'	'	'
Net income tax payments	'	$0.30	'	'	'	'	'	'	'	'
Accrued capital expenditures	'	14.2	10.7	13.3	'	'	'	'	'	'
Interest payments	29.9	'	22.8	'	'	'	'	'	'	'
Amortization of deferred financing costs	'	6.1	4.5	'	'	'	'	'	'	'
Term of note	'	'	'	'	'	'	'	'	'	'3 years
Note	'	'	'	'	'	'	'	'	'	85
Debt conversion, aggregate principal amount	'	'	'	'	'	'	8.8	11.2	19.9	'
Number of shares of common stock converted from convertible notes	'	'	'	'	'	'	2,462,509	3,171,670	5,634,179	'
Advance refunded to JCPenney	'	'	'	'	$20	$20	'	'	'	'

ADDITIONAL_FINANCIAL_INFORMATI3

ADDITIONAL FINANCIAL INFORMATION (Details 3) (USD $)	3 Months Ended		9 Months Ended			3 Months Ended	12 Months Ended
	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013	Dec. 28, 2013	Dec. 31, 2011	Dec. 28, 2013
						KS China Co Limited [Member]	KS China Co Limited [Member]
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	'	'	'	$5,500,000	'	'	$5,500,000
Equity in (loss) earnings of equity investee	1,185,000	421,000	1,358,000	983,000	'	'	'
Investments in equity investees amounted	$8,000,000	$9,600,000	$8,000,000	$9,600,000	$9,400,000	'	'

SEGMENT_REPORTING_Details

SEGMENT REPORTING (Details) (USD $)	3 Months Ended			9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Jul. 05, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
		item		item
SEGMENT REPORTING	'	'	'	'	'
Number of reportable segments	'	'	'	3	'
Number of reportable segments resulting from disaggregation of former KATE SPADE segment	'	2	'	'	'
Net Sales	$250,417	'	$192,612	$740,029	$527,942
% to Total	100.00%	'	100.00%	100.00%	100.00%
Adjusted EBITDA	20,724	'	10,750	70,030	22,494
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Adjusted EBITDA	20,724	'	10,750	70,030	22,494
Depreciation and amortization, net	-11,752	'	-8,330	-34,033	-24,015
Charges due to streamlining initiatives, brand-exiting activities, acquisition related costs and loss on asset disposals and impairments, net	-870	'	-2,758	-19,035	-8,660
Share-based compensation	-5,740	'	-1,412	-31,772	-3,756
Equity loss included in Reportable Segments Adjusted EBITDA	-1,185	'	-421	-1,358	-983
Operating (Loss) Income	3,547	'	-1,329	-13,452	-12,954
Other income (expense), net	-1,805	'	893	-1,717	-1,809
Impairment of cost investment	'	'	'	'	-6,109
Loss on extinguishment of debt	'	'	-599	-16,914	-1,707
Interest expense, net	-2,189	'	-12,117	-18,185	-35,877
(Benefit) provision for income taxes	-3,070	'	1,013	-500	3,042
(Loss) Income from Continuing Operations	2,623	'	-14,165	-49,768	-61,498
Significant changes in segment assets	'	'	'	0	'
Payroll and Related Costs and Spending	'	'	'	'	'
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Share-based compensation	-300	'	'	-17,200	'
Domestic	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Number of Operating Segments	'	1	'	1	'
Net Sales	192,805	'	151,172	572,073	416,375
% to Total	77.00%	'	78.50%	77.30%	78.90%
International	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Number of Operating Segments	'	4	'	4	'
Net Sales	57,612	'	41,440	167,956	111,567
% to Total	23.00%	'	21.50%	22.70%	21.10%
KATE SPADE North America	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Adjusted EBITDA	21,130	'	10,253	69,614	20,550
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Adjusted EBITDA	21,130	'	10,253	69,614	20,550
KATE SPADE International	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Adjusted EBITDA	-1,346	'	-666	81	-614
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Adjusted EBITDA	-1,346	'	-666	81	-614
Equity loss included in Reportable Segments Adjusted EBITDA	1,200	'	400	1,400	1,000
Adelington Design Group	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Adjusted EBITDA	1,030	'	3,260	1,020	7,337
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Adjusted EBITDA	1,030	'	3,260	1,020	7,337
Juicy Couture [Member]	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Adjusted EBITDA	-90	'	-2,097	-685	-4,779
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Adjusted EBITDA	-90	'	-2,097	-685	-4,779
Operating Segments [Member]	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Net Sales	250,417	'	192,612	740,029	527,942
% to Total	100.00%	'	100.00%	100.00%	100.00%
Operating Segments [Member] | KATE SPADE North America	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Net Sales	192,886	'	141,383	565,021	380,588
% to Total	77.00%	'	73.40%	76.40%	72.10%
Adjusted EBITDA	21,130	'	10,253	69,614	20,550
% of Sales	11.00%	'	7.30%	12.30%	5.40%
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Adjusted EBITDA	21,130	'	10,253	69,614	20,550
Operating Segments [Member] | KATE SPADE International	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Net Sales	50,906	'	38,344	153,512	106,897
% to Total	20.30%	'	19.90%	20.70%	20.20%
Adjusted EBITDA	-1,346	'	-666	81	-614
% of Sales	-2.60%	'	-1.70%	0.10%	-0.60%
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Adjusted EBITDA	-1,346	'	-666	81	-614
Operating Segments [Member] | Adelington Design Group	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Net Sales	6,625	'	12,885	21,496	40,457
% to Total	2.70%	'	6.70%	2.90%	7.70%
Adjusted EBITDA	1,030	'	3,260	1,020	7,337
% of Sales	15.50%	'	25.30%	4.70%	18.10%
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Adjusted EBITDA	1,030	'	3,260	1,020	7,337
Operating Segments [Member] | Other Segments [Member]	'	'	'	'	'
SEGMENT REPORTING	'	'	'	'	'
Adjusted EBITDA	-90	'	-2,097	-685	-4,779
Reconciliation to Loss from Continuing Operations	'	'	'	'	'
Adjusted EBITDA	($90)	'	($2,097)	($685)	($4,779)

DERIVATIVE_INSTRUMENTS_Details

DERIVATIVE INSTRUMENTS (Details)

Oct. 04, 2014

Dec. 28, 2013

Sep. 28, 2013

Oct. 04, 2014

Dec. 28, 2013

Mar. 30, 2013

Oct. 04, 2014

Sep. 28, 2013

Oct. 04, 2014

Sep. 28, 2013

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Designated as Hedging Instrument

Designated as Hedging Instrument

Designated as Hedging Instrument

Not Designated as Hedging Instrument

Not Designated as Hedging Instrument

Not Designated as Hedging Instrument

Forward Contracts

Forward Contracts

Forward Contracts

Forward Contracts

Forward Contracts

Forward Contracts

Forward Contracts

Forward Contracts

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Designated as Hedging Instrument

Designated as Hedging Instrument

Not Designated as Hedging Instrument

Not Designated as Hedging Instrument

Short

Short

Short

Short

USD ($)

JPY (¥)

USD ($)

JPY (¥)

DERIVATIVE INSTRUMENTS

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

$22,100,000

¥ 2,300,000,000

$36,700,000

¥ 4,000,000,000

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

'

'

'

'

'

'

2,400,000

-400,000

1,300,000

5,800,000

'

'

'

'

Asset Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset Derivatives, Notional amount

22,050,000

21,050,000

10,148,000

36,748,000

38,403,000

'

'

'

'

'

'

'

'

'

Asset Derivatives, Fair value

1,233,000

1,317,000

525,000

347,000

384,000

'

'

'

'

'

'

'

'

'

Liability Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Liability Derivatives, Notional Amount

'

'

21,400,000

'

'

40,454,000

'

'

'

'

'

'

'

'

Liability Derivatives, Fair value

'

'

$132,000

'

'

$241,000

'

'

'

'

'

'

'

'

DERIVATIVE_INSTRUMENTS_Details1

DERIVATIVE INSTRUMENTS (Details 2) (Foreign Exchange Contract [Member], USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Foreign Exchange Contract [Member]	'	'	'	'
Derivative instruments, Gain (Loss)	'	'	'	'
Amount of Gain or (Loss) Recognized in Accumulated OCI on Derivative (Effective Portion)	$933	($164)	$541	$1,772
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Operations (Effective Portion)	$239	$593	$1,028	$895

SHAREBASED_COMPENSATION_Detail

SHARE-BASED COMPENSATION (Details) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended			12 Months Ended	9 Months Ended
	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Oct. 04, 2014	Oct. 04, 2014	Sep. 28, 2013	Dec. 28, 2013	Oct. 04, 2014	Oct. 04, 2014
					Payroll and Related Costs and Spending	Payroll and Related Costs and Spending	Employee Stock Option	Employee Stock Option	Employee Stock Option	Employee Stock Option	Employee Stock Option
										Minimum [Member]	Maximum [Member]
SHARE-BASED COMPENSATION	'	'	'	'	'	'	'	'	'	'	'
Vesting period	'	'	'	'	'	'	'3 years	'	'	'	'
Contractual term	'	'	'	'	'	'	'	'	'	'7 years	'10 years
Share-based compensation expense	$5,800,000	$1,500,000	$31,800,000	$3,800,000	'	'	'	'	'	'	'
Share-based compensation	5,740,000	1,412,000	31,772,000	3,756,000	300,000	17,200,000	'	'	'	'	'
Valuation Assumptions:	'	'	'	'	'	'	'	'	'	'	'
Weighted-average fair value of options granted (in dollars per share)	'	'	'	'	'	'	'	$10.32	'	'	'
Historic volatility (as a percent)	'	'	'	'	'	'	'	59.50%	'	'	'
Weighted-average volatility (as a percent)	'	'	'	'	'	'	'	59.50%	'	'	'
Expected term	'	'	'	'	'	'	'	'4 years 10 months 24 days	'	'	'
Expected annual forfeiture (as a percent)	'	'	'	'	'	'	'	12.40%	'	'	'
Shares	'	'	'	'	'	'	'	'	'	'	'
Outstanding at the beginning of the period (in shares)	'	'	'	'	'	'	5,166,375	'	'	'	'
Exercised (in shares)	'	'	'	'	'	'	-3,936,081	'	'	'	'
Cancelled/expired (in shares)	'	'	'	'	'	'	-125,075	'	'	'	'
Outstanding at end of the period (in shares)	'	'	'	'	'	'	1,105,219	'	5,166,375	'	'
Vested or expected to vest at the end of the period (in shares)	'	'	'	'	'	'	1,091,380	'	'	'	'
Exercisable at the end of the period (in shares)	'	'	'	'	'	'	611,654	'	'	'	'
Weighted Average Exercise Price	'	'	'	'	'	'	'	'	'	'	'
Outstanding at the beginning of the period (in dollars per share)	'	'	'	'	'	'	$11.26	'	'	'	'
Exercised (in dollars per share)	'	'	'	'	'	'	$10.52	'	'	'	'
Cancelled/expired (in dollars per share)	'	'	'	'	'	'	$37.21	'	'	'	'
Outstanding at the end of the period (in dollars per share)	'	'	'	'	'	'	$10.98	'	$11.26	'	'
Vested or expected to vest at the end of the period (in dollars per share)	'	'	'	'	'	'	$10.87	'	'	'	'
Exercisable at the end of the period (in dollars per share)	'	'	'	'	'	'	$6.90	'	'	'	'
Weighted Average Remaining Contractual Term	'	'	'	'	'	'	'	'	'	'	'
Outstanding at the end of the period	'	'	'	'	'	'	'4 years	'	'3 years 4 months 24 days	'	'
Vested or expected to vest at the end of the period	'	'	'	'	'	'	'4 years	'	'	'	'
Exercisable at the end of the period	'	'	'	'	'	'	'3 years 3 months 18 days	'	'	'	'
Aggregate Intrinsic Value	'	'	'	'	'	'	'	'	'	'	'
Outstanding at the beginning of the period (in dollars)	'	'	'	'	'	'	108,498,000	'	'	'	'
Exercised (in dollars)	'	'	'	'	'	'	41,410,000	'	'	'	'
Outstanding at the end of the period (in dollars)	'	'	'	'	'	'	17,905,000	'	108,498,000	'	'
Vested or expected to vest at the end of the period (in dollars)	'	'	'	'	'	'	17,796,000	'	'	'	'
Exercisable at the end of the period (in dollars)	'	'	'	'	'	'	12,404,000	'	'	'	'
Additional disclosure	'	'	'	'	'	'	'	'	'	'	'
Nonvested stock options outstanding (in shares)	'	'	'	'	'	'	500,000	'	'	'	'
Weighted average grant date fair value per award for nonvested stock options (in dollars per share)	'	'	'	'	'	'	$8.09	'	'	'	'
Total unrecognized compensation cost related to nonvested stock options granted	'	'	'	'	'	'	800,000	'	'	'	'
Weighted average recognition period of unrecognized stock-based compensation expense	'	'	'	'	'	'	'1 year	'	'	'	'
Fair value of shares vested under stock option plans	'	'	'	'	'	'	$3,200,000	$4,300,000	'	'	'

SHAREBASED_COMPENSATION_Detail1

SHARE-BASED COMPENSATION (Details 2) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

In Millions, except Share data, unless otherwise specified

Oct. 04, 2014

Oct. 04, 2014

Sep. 28, 2013

Jul. 05, 2014

Apr. 05, 2014

Jul. 05, 2014

Apr. 05, 2014

Jul. 05, 2014

Apr. 05, 2014

Jul. 05, 2014

Apr. 05, 2014

Jul. 05, 2014

Apr. 05, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Dec. 29, 2012

Restricted Stock [Member]

Restricted Stock [Member]

Staking Grants [Member]

Staking Grants [Member]

Staking Grants [Member]

Staking Grants [Member]

Annual Long Term Incentive Awards [Member]

Annual Long Term Incentive Awards [Member]

Annual Long Term Incentive Awards [Member]

Annual Long Term Incentive Awards [Member]

Annual Long Term Incentive Awards [Member]

Annual Long Term Incentive Awards [Member]

Performance Shares [Member]

Performance Shares [Member]

Performance Shares [Member]

Performance Shares [Member]

Key Executives [Member]

Key Executives [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Key Executives [Member]

SHARE-BASED COMPENSATION

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate grant date value

'

'

'

$2.80

$52.20

$2.90

$62

$0.10

$9.80

'

'

'

'

$8.90

'

'

'

Percentage of shares vesting on the third anniversary from the date of grant

'

'

'

50.00%

50.00%

'

'

50.00%

50.00%

'

'

'

'

'

'

'

'

Percentage of shares vesting on the fifth anniversary from the date of grant

'

'

'

50.00%

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%

30.00%

200.00%

200.00%

'

'

'

'

Performance period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'2 years

Service period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

Valuation Assumptions:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted-average fair value (in dollars per share)

$50.24

$45.48

'

'

'

'

'

'

'

'

'

'

'

$43.93

'

'

'

Historic volatility (as a percent)

52.30%

'

'

'

'

'

'

'

'

'

'

'

'

44.20%

'

'

'

Risk-free rate (as a percent)

1.68%

'

'

'

'

'

'

'

'

'

'

'

'

0.66%

'

'

'

Expected annual forfeiture (as a percent)

4.80%

'

'

'

'

'

'

'

'

'

'

'

'

4.00%

'

'

'

Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Nonvested stock at the beginning of the period (in shares)

'

1,035,250

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in shares)

'

1,614,778

'

'

'

51,848

1,239,639

'

'

'

'

'

'

'

'

'

535,000

Vested (in shares)

'

-396,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancelled (in shares)

'

-521,042

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Nonvested stock at the end of the period (in shares)

'

1,732,986

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected to vest at the end of the period (in shares)

'

1,480,433

'

'

'

'

'

'

'

'

'

'

'

202,541

'

'

'

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)

'

$48.34

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vested (in dollars per share)

'

$17.13

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancelled (in dollars per share)

'

$15.20

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Nonvested stock at the end of the period (in dollars per share)

$50.24

$45.48

'

'

'

'

'

'

'

'

'

'

'

$43.93

'

'

'

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%

'

Percentage impact of stock price over vesting periods on number of MSU awarded

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30.00%

200.00%

'

Expected to vest at the end of the period (in dollars per share)

'

$45.54

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total unrecognized compensation cost related to nonvested stock awards granted under restricted stock plans

'

53.3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average recognition period of unrecognized stock-based compensation expense

'

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of shares vested under restricted stock plans

'

$6.80

$1.50

'

'

'

'

'

'

'

'

'

'

'

'

'

'