Document_and_Entity_Informatio
Document and Entity Information (USD $) | 9 Months Ended | ||
Oct. 05, 2013 | Oct. 30, 2013 | Jul. 02, 2012 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'JONES GROUP INC | ' | ' |
Entity Central Index Key | '0000874016 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $726,799,067 |
Entity Common Stock, Shares Outstanding | ' | 79,716,384 | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' |
Document Type | '10-Q | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 5-Oct-13 | ' | ' |
CONSOLIDATED_BALANCE_SHEETS_Un
CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 |
In Millions, unless otherwise specified | |||
Current assets: | ' | ' | ' |
Cash and cash equivalents | $27.80 | $149.60 | $234.10 |
Accounts receivable | 461.1 | 381 | 486.2 |
Inventories, primarily finished goods | 568.8 | 486.7 | 523.7 |
Prepaid and refundable income taxes | 2.7 | 5.5 | 2.2 |
Deferred taxes | 38.5 | 33.2 | 32.5 |
Prepaid expenses and other current assets | 53.8 | 40.7 | 42.4 |
Total current assets | 1,152.70 | 1,096.70 | 1,321.10 |
Property, plant and equipment, at cost, less accumulated depreciation and amortization of $589.8, $572.8 and $565.3 | 260.4 | 278.1 | 276.2 |
Goodwill | 215.1 | 215.3 | 262.5 |
Other intangibles, at cost, less accumulated amortization | 858.5 | 869.7 | 901.5 |
Investment in unconsolidated affiliate | 54.9 | 38.9 | 38.4 |
Other assets | 93 | 96.8 | 99.8 |
Total assets | 2,634.60 | 2,595.50 | 2,899.50 |
Current Liabilities: | ' | ' | ' |
Short-term borrowings | 78 | ' | ' |
Current portion of long-term debt and capital lease obligations | 2.2 | 2.2 | 2.1 |
Current portion of acquisition consideration payable | 2.4 | 30.3 | 230.2 |
Accounts payable | 253 | 257.5 | 252.2 |
Income taxes payable | 4.2 | 1.4 | 17.5 |
Accrued employee compensation and benefits | 42.1 | 50 | 45.6 |
Accrued expenses and other current liabilities | 105.4 | 110.8 | 106.4 |
Total current liabilities | 487.3 | 452.2 | 654 |
Long-term debt | 931.3 | 934.4 | 936.3 |
Obligations under capital leases | 19.6 | 21.3 | 21.8 |
Income taxes payable | 0.3 | 0.5 | 0.3 |
Deferred taxes | 67.2 | 56.7 | 66.5 |
Acquisition consideration payable | 4 | 6 | 5 |
Other noncurrent liabilities | 104.4 | 118.1 | 117.4 |
Total liabilities | 1,614.10 | 1,589.20 | 1,801.30 |
Commitments and contingencies | ' | ' | ' |
Redeemable noncontrolling interest | 0.7 | 0.6 | 0.6 |
Equity: | ' | ' | ' |
Preferred stock, $.01 par value - shares authorized 1.0; none issued | ' | ' | ' |
Common stock, $.01 par value - shares authorized 200.0; issued 79.8, 79.8 and 79.2 | 0.8 | 0.8 | 0.8 |
Additional paid-in capital | 527.1 | 520.8 | 522.2 |
Retained earnings | 507.3 | 501.1 | 590.5 |
Accumulated other comprehensive loss | -16.4 | -17.9 | -16.9 |
Total Jones stockholders' equity | 1,018.80 | 1,004.80 | 1,096.60 |
Noncontrolling interests | 1 | 0.9 | 1 |
Total equity | 1,019.80 | 1,005.70 | 1,097.60 |
Total liabilities and equity | $2,634.60 | $2,595.50 | $2,899.50 |
CONSOLIDATED_BALANCE_SHEETS_Un1
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $) | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 |
In Millions, except Per Share data, unless otherwise specified | |||
ASSETS | ' | ' | ' |
Property, plant and equipment, accumulated depreciation and amortization | $589.80 | $565.30 | $572.80 |
EQUITY: | ' | ' | ' |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 |
Preferred stock, shares authorized (in shares) | 1 | 1 | 1 |
Preferred stock, shares issued (in shares) | ' | ' | ' |
Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 |
Common stock, shares authorized (in shares) | 200 | 200 | 200 |
Common stock, shares issued (in shares) | 79.8 | 79.2 | 79.8 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 |
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) | ' | ' | ' | ' |
Net sales | $1,011 | $1,024.60 | $2,843.80 | $2,792.30 |
Licensing income | 10.7 | 10.5 | 31.6 | 33 |
Other revenues | 0 | 0.3 | 0.6 | 0.9 |
Total revenues | 1,021.70 | 1,035.40 | 2,876 | 2,826.20 |
Cost of goods sold | 662.4 | 670.8 | 1,867.60 | 1,792 |
Gross profit | 359.3 | 364.6 | 1,008.40 | 1,034.20 |
Selling, general and administrative expenses | 296.5 | 301.9 | 917.9 | 909.6 |
Operating income | 62.8 | 62.7 | 90.5 | 124.6 |
Interest income | 0.1 | 0.1 | 0.2 | 0.5 |
Interest expense and financing costs | 14.9 | 37.8 | 46.5 | 89.7 |
Equity in (loss) income of unconsolidated affiliate | -0.9 | 0 | -0.8 | 1.4 |
Income before provision for income taxes | 47.1 | 25 | 43.4 | 36.8 |
Provision for income taxes | 17.4 | 7.2 | 16 | 11.6 |
Net income | 29.7 | 17.8 | 27.4 | 25.2 |
Less: income attributable to noncontrolling interest | 0.4 | 0.4 | 1 | 0.9 |
Income attributable to Jones | $29.30 | $17.40 | $26.40 | $24.30 |
Earnings per common share attributable to Jones | ' | ' | ' | ' |
Basic (in dollars per share) | $0.39 | $0.23 | $0.35 | $0.32 |
Diluted (in dollars per share) | $0.38 | $0.22 | $0.34 | $0.31 |
Weighted average shares outstanding | ' | ' | ' | ' |
Basic (in shares) | 72.8 | 74.4 | 73.1 | 75.2 |
Diluted (in shares) | 74.1 | 75.4 | 74.4 | 76.1 |
Dividends declared per share (in dollars per share) | $0.05 | $0.05 | $0.15 | $0.15 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) [Abstract] | ' | ' | ' | ' |
Net income | $29.70 | $17.80 | $27.40 | $25.20 |
Other comprehensive income: | ' | ' | ' | ' |
Change in fair value of cash flow hedges, net of $0.0, $0.1, $(0.1) and $0.1 tax benefit (provision) | -0.1 | -0.3 | 0.5 | -0.1 |
Reclassification adjustment for hedge gains and losses included in net income, net of tax | -0.2 | 0 | -0.4 | 0.1 |
Pension and postretirement liability adjustments, net of $0.1, $0.0, $0.3 and $0.0 tax benefit | 0.2 | 0 | 0.5 | 0 |
Foreign currency translation adjustments | 14.1 | 11.6 | 0.9 | 12.7 |
Total other comprehensive income | 14 | 11.3 | 1.5 | 12.7 |
Comprehensive income | $43.70 | $29.10 | $28.90 | $37.90 |
CONSOLIDATED_STATEMENTS_OF_COM1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 |
Other comprehensive income: | ' | ' | ' | ' |
Tax provision, Change in fair value of cash flow hedges | $0 | ($0.10) | $0.10 | ($0.10) |
Tax benefit (provision), Reclassification adjustment for hedge gains and losses included in net (loss) income | -0.1 | 0 | -0.1 | 0 |
Tax benefit, Pension and postretirement liability adjustments | $0.10 | $0 | $0.30 | $0 |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Loss [Member] | Noncontrolling Interest [Member] | Redeemable Noncontrolling Interest [Member] | Number of common shares outstanding [Member] | Total |
In Millions | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |
Balance at Dec. 31, 2011 | $0.80 | $521.80 | $596.20 | ($29.60) | $0.20 | ' | ' | $1,089.40 |
Balance (in shares) at Dec. 31, 2011 | ' | ' | ' | ' | ' | ' | 81 | ' |
Comprehensive Income Attributable to Jones | ' | ' | 24.3 | 12.7 | ' | ' | ' | 37.9 |
Comprehensive Income Attributable to Noncontrolling Interests | ' | ' | ' | ' | 0.9 | 0 | ' | ' |
Acquisition of Brian Atwood intellectual property | ' | ' | ' | ' | 0.6 | 0.6 | ' | 0.6 |
Issuance of restricted stock to employees, net of forfeitures (in shares) | ' | ' | ' | ' | ' | ' | 2.2 | ' |
Shares withheld for taxes upon vesting of restricted stock | ' | -0.1 | -0.1 | ' | ' | ' | ' | -0.2 |
Shares withheld for taxes upon vesting of restricted stock (in shares) | ' | ' | ' | ' | ' | ' | 0 | ' |
Amortization of restricted stock | ' | 16.4 | ' | ' | ' | ' | ' | 16.4 |
Tax effects from vesting of restricted stock | ' | 1.6 | ' | ' | ' | ' | ' | 1.6 |
Tax effects of expired employee stock options | ' | -1.5 | ' | ' | ' | ' | ' | -1.5 |
Distributions to noncontrolling interests | ' | ' | ' | ' | -0.7 | ' | ' | -0.7 |
Dividends on common stock ($0.15 per share) | ' | ' | -12.1 | ' | ' | ' | ' | -12.1 |
Repurchase of common shares | ' | -16 | -18 | ' | ' | ' | ' | -34 |
Repurchase of common shares (in shares) | ' | ' | ' | ' | ' | ' | -3.4 | ' |
Other | ' | ' | 0.2 | ' | ' | ' | ' | 0.2 |
Balance at Sep. 29, 2012 | 0.8 | 522.2 | 590.5 | -16.9 | 1 | 0.6 | ' | 1,097.60 |
Balance (in shares) at Sep. 29, 2012 | ' | ' | ' | ' | ' | ' | 79.8 | ' |
Balance at Dec. 31, 2012 | 0.8 | 520.8 | 501.1 | -17.9 | 0.9 | 0.6 | ' | 1,005.70 |
Balance (in shares) at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | 79.2 | ' |
Comprehensive Income Attributable to Jones | ' | ' | 26.4 | 1.5 | ' | ' | ' | 28.8 |
Comprehensive Income Attributable to Noncontrolling Interests | ' | ' | ' | ' | 0.9 | 0.1 | ' | ' |
Issuance of restricted stock to employees, net of forfeitures (in shares) | ' | ' | ' | ' | ' | ' | 1.9 | ' |
Shares withheld for taxes upon vesting of restricted stock | ' | -1.2 | -1.2 | ' | ' | ' | ' | -2.4 |
Shares withheld for taxes upon vesting of restricted stock (in shares) | ' | ' | ' | ' | ' | ' | -0.2 | ' |
Amortization of restricted stock | ' | 19.5 | ' | ' | ' | ' | ' | 19.5 |
Tax effects from vesting of restricted stock | ' | -0.5 | ' | ' | ' | ' | ' | -0.5 |
Tax effects of cancelled restricted stock | ' | -4 | ' | ' | ' | ' | ' | -4 |
Distributions to noncontrolling interests | ' | ' | ' | ' | -0.8 | ' | ' | -0.8 |
Dividends on common stock ($0.15 per share) | ' | ' | -12 | ' | ' | ' | ' | -12 |
Repurchase of common shares | ' | -7.5 | -7 | ' | ' | ' | ' | -14.5 |
Repurchase of common shares (in shares) | ' | ' | ' | ' | ' | ' | -1.1 | ' |
Balance at Oct. 05, 2013 | $0.80 | $527.10 | $507.30 | ($16.40) | $1 | $0.70 | ' | $1,019.80 |
Balance (in shares) at Oct. 05, 2013 | ' | ' | ' | ' | ' | ' | 79.8 | ' |
CONSOLIDATED_STATEMENTS_OF_CHA1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 | |
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) [Abstract] | ' | ' | ' | ' |
Dividends on common stock (in dollars per share) | $0.05 | $0.05 | $0.15 | $0.15 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $27.40 | $25.20 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities, net of acquisitions: | ' | ' |
Amortization of restricted stock | 19.5 | 16.4 |
Depreciation and other amortization | 66.3 | 67.3 |
Impairment losses | 6.9 | 0.4 |
Provision for (recovery of) losses on accounts receivable | 0.7 | -0.1 |
Adjustments to acquisition consideration payable | 0 | 44 |
Equity in loss (income) of unconsolidated affiliate | 0.8 | -1.4 |
Deferred taxes | 1 | -16.7 |
Fair value adjustments related to interest rate swaps and cap | 0.2 | 1.4 |
Gain on sale of trademark | ' | -3.1 |
Other items, net | 0.4 | -1.4 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | -80.8 | -134.7 |
Inventories | -81.4 | -28.5 |
Prepaid expenses and other current assets | -12.1 | -6.7 |
Other assets | 6.3 | -0.3 |
Accounts payable | -5 | 12.5 |
Income taxes payable/ prepaid income taxes | 4.8 | 18.6 |
Accrued expenses and other current liabilities | -13.4 | 0.8 |
Acquisition consideration payable | -20.5 | -4.6 |
Other liabilities | -13.6 | 24 |
Total adjustments | -119.9 | -12.1 |
Net cash (used in) provided by operating activities | -92.5 | 13.1 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Capital expenditures | -45.2 | -57.1 |
Notes receivable issued | -7.1 | ' |
Acquisition of additional equity interest in GRI | -14.7 | ' |
Contingent consideration paid related to investment in GRI | ' | -3.5 |
Acquisition of Brian Atwood, net of cash acquired | -0.5 | -4.4 |
Proceeds from sale of trademark | ' | 5 |
Other | 0.1 | -0.1 |
Net cash used in investing activities | -67.4 | -60.1 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net increase in short-term borrowings | 78 | ' |
Issuance of 6.875% Senior Notes due 2019 | ' | 103.5 |
Debt issuance costs | ' | -2.3 |
Costs related to secured revolving credit agreement | -0.3 | -0.3 |
Dividends paid | -11.6 | -11.7 |
Repurchases of common shares | -14.5 | -34 |
Payments of acquisition consideration payable | -9.4 | -14.6 |
Principle payments on capital leases | -1.5 | -1.4 |
Distributions to noncontrolling interests | -0.8 | -0.7 |
Excess tax benefits from share-based payment arrangements | 0 | 2.3 |
Net cash provided by financing activities | 39.9 | 40.8 |
EFFECT OF EXCHANGE RATES ON CASH | -1.8 | 1.5 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | -121.8 | -4.7 |
CASH AND CASH EQUIVALENTS, BEGINNING | 149.6 | 238.8 |
CASH AND CASH EQUIVALENTS, ENDING | $27.80 | $234.10 |
CONSOLIDATED_STATEMENTS_OF_CAS1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Parenthetical) | 9 Months Ended | |
Oct. 05, 2013 | Sep. 29, 2012 | |
Debt Instrument [Line Items] | ' | ' |
Senior Notes Interest Rate, Stated Percentage | 6.88% | 6.88% |
Debt Instrument, Maturity Date | '2019 | '2019 |
BASIS_OF_PRESENTATION
BASIS OF PRESENTATION | 9 Months Ended |
Oct. 05, 2013 | |
BASIS OF PRESENTATION [Abstract] | ' |
BASIS OF PRESENTATION | ' |
BASIS OF PRESENTATION | |
The consolidated financial statements include the accounts of The Jones Group Inc. and its subsidiaries. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") for interim financial information and in accordance with the requirements of Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The consolidated financial statements included herein should be read in conjunction with the consolidated financial statements and the footnotes thereto included within our Annual Report on Form 10-K. | |
In our opinion, the information presented reflects all adjustments necessary for a fair statement of interim results. All such adjustments are of a normal and recurring nature. The foregoing interim results are not necessarily indicative of the results of operations for the full year ending December 31, 2013. | |
Distribution costs. Our cost of sales may not be comparable to those of other entities, since some entities include all of the costs associated with their distribution functions in cost of sales while we include these costs in selling, general and administrative ("SG&A") expenses. Distribution costs included in SG&A expenses for the fiscal quarters ended October 5, 2013 and September 29, 2012 were $23.7 million and $23.4 million, respectively. Distribution costs included in SG&A expenses for the fiscal nine months ended October 5, 2013 and September 29, 2012 were $70.6 million and $68.1 million, respectively. |
EARNINGS_PER_SHARE
EARNINGS PER SHARE | 9 Months Ended | ||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||
EARNINGS PER SHARE [Abstract] | ' | ||||||||||||||||
(LOSS) EARNINGS PER SHARE [Text Block] | ' | ||||||||||||||||
EARNINGS PER SHARE | |||||||||||||||||
The computation of basic and diluted earnings per share is as follows: | |||||||||||||||||
(In millions, except per share amounts) | Fiscal Quarter Ended | Fiscal Nine Months Ended | |||||||||||||||
October 5, | 29-Sep-12 | October 5, | 29-Sep-12 | ||||||||||||||
2013 | 2013 | ||||||||||||||||
$ | 29.7 | $ | 17.8 | $ | 27.4 | $ | 25.2 | ||||||||||
Net income | |||||||||||||||||
Less: income attributable to noncontrolling interest | 0.4 | 0.4 | 1 | 0.9 | |||||||||||||
Income attributable to Jones | 29.3 | 17.4 | 26.4 | 24.3 | |||||||||||||
Less: income allocated to participating securities | 1 | 0.4 | 0.9 | 0.4 | |||||||||||||
Income available to common stockholders of Jones | $ | 28.3 | $ | 17 | $ | 25.5 | $ | 23.9 | |||||||||
72.8 | 74.4 | 73.1 | 75.2 | ||||||||||||||
Weighted-average shares outstanding - basic | |||||||||||||||||
Effect of dilutive employee restricted stock | 1.3 | 1 | 1.3 | 0.9 | |||||||||||||
Weighted-average shares outstanding - diluted | 74.1 | 75.4 | 74.4 | 76.1 | |||||||||||||
Earnings per common share attributable to Jones | |||||||||||||||||
Basic | $ | 0.39 | $ | 0.23 | $ | 0.35 | $ | 0.32 | |||||||||
Diluted | 0.38 | 0.22 | 0.34 | 0.31 |
ACQUISITIONS
ACQUISITIONS | 9 Months Ended | ||||||||
Oct. 05, 2013 | |||||||||
ACQUISITIONS [Abstract] | ' | ||||||||
ACQUISITIONS | ' | ||||||||
ACQUISITIONS | |||||||||
Brian Atwood | |||||||||
On July 2, 2012, we acquired an 80% interest in Brian Atwood-related intellectual property (the "intellectual property") from BA Holding Group, Inc., BKA International, Inc. and Brian Atwood, we acquired 100% of the equity interests in Atwood Italia S.r.l., and we acquired certain assets and assumed certain liabilities of Brian Atwood, Ltd. (collectively, "Brian Atwood"). The purchase price was $5.5 million, of which $5.0 million was paid in 2012. We deferred $0.5 million of the purchase price, with payment subject to an indemnification holding period as set forth in the acquisition agreement, which was paid during the fiscal nine months ended October 5, 2013. | |||||||||
The remaining 20% interest in the intellectual property was recorded as a noncontrolling interest, with the fair value based on projected cash flows related to that property. Brian Atwood has the right, under certain conditions, to require us to repurchase a portion of his noncontrolling ownership interest at a predetermined multiple of the previous year's distributable cash flows generated by the intellectual property. | |||||||||
We pursued the acquisition of Brian Atwood to increase our international presence and further extend our reach into the designer footwear business. Brian Atwood's luxury wholesale footwear business is reported in our international wholesale segment. | |||||||||
The following table summarizes the fair values of the assets acquired and liabilities assumed from Brian Atwood on July 2, 2012. | |||||||||
(In millions) | Weighted-average | Fair | |||||||
amortization life (in months) | Value | ||||||||
$ | 0.6 | ||||||||
Cash | |||||||||
Accounts receivable | 0.5 | ||||||||
Other current assets | 0.4 | ||||||||
Property, plant and equipment | 0.1 | ||||||||
Intangible assets: | |||||||||
Trademarks | 240 | 7.5 | |||||||
Goodwill | 3.2 | ||||||||
Customer relationships | 6 | 0.4 | |||||||
Order backlog | 3 | 0.7 | |||||||
Total assets acquired | 13.4 | ||||||||
Accounts payable | 1.7 | ||||||||
Notes payable | 2.8 | ||||||||
Other current liabilities | 1.8 | ||||||||
Deferred taxes | 0.3 | ||||||||
Other long-term liabilities | 0.1 | ||||||||
Total liabilities assumed | 6.7 | ||||||||
Fair value of noncontrolling interest | 1.2 | ||||||||
Total purchase price | $ | 5.5 | |||||||
The gross contractual accounts receivable acquired from Brian Atwood was $0.5 million. | |||||||||
The fair values of the acquired intangibles were determined using discounted cash flow models using a discount factor based on an estimated risk-adjusted weighted average cost of capital. The customer relationships were valued using a "with and without" model, the trademarks using a relief-from-royalty model and the order backlog using multi-period excess earnings model. | |||||||||
The acquisition resulted in the recognition of $3.2 million of goodwill, which will not be deductible for tax purposes. Goodwill largely consists of expected synergies resulting from the leveraging of the combined networks of partners, infrastructure and customer relationships to expand product distribution worldwide, as well as the acquired assembled workforce, which does not qualify as an amortizable intangible asset, and the potential for both product extensions, such as apparel, and the introduction of Brian Atwood retail locations. The goodwill has been assigned to our domestic wholesale footwear and accessories segment, as we pursued the acquisition to acquire majority ownership interest in the Brian Atwood-related trademarks, under which our existing B Brian Atwood domestic footwear business is licensed. Pro forma total revenues and results of operations reflecting the acquisition of Brian Atwood are not presented, as the acquisition is not material to our financial position or our results of operations. |
EQUITY_METHOD_INVESTMENTS
EQUITY METHOD INVESTMENTS | 9 Months Ended |
Oct. 05, 2013 | |
EQUITY METHOD INVESTMENTS [Abstract] | ' |
EQUITY-METHOD INVESTMENTS | ' |
EQUITY METHOD INVESTMENTS | |
On June 20, 2008, we acquired a 10% equity interest in GRI Group Limited ("GRI"), an international accessories and apparel brand management and retail-distribution network, for $20.2 million. On June 24, 2009, we increased our equity interest to 25% for an additional $15.2 million. The selling shareholders of GRI were entitled to receive an additional cash payment equaling 60% of the amount of GRI's fiscal year 2011 net income that exceeded a certain threshold, and on June 21, 2012, we made a cash payment to them of $3.5 million in satisfaction of the obligation. On August 30, 2013, we increased our equity interest to 34.25% for an additional $14.7 million. GRI is the exclusive licensee of several of our brands in Asia, including Nine West, Anne Klein, AK Anne Klein, Easy Spirit, Enzo Angiolini and Joan & David. GRI also distributes other women's apparel, shoes and accessory brands not owned by us. See "Related Party Transactions" for additional information regarding GRI. |
ACCOUNTS_RECEIVABLE
ACCOUNTS RECEIVABLE | 9 Months Ended | ||||||||||||
Oct. 05, 2013 | |||||||||||||
ACCOUNTS RECEIVABLE [Abstract] | ' | ||||||||||||
ACCOUNTS RECEIVABLE | ' | ||||||||||||
ACCOUNTS RECEIVABLE | |||||||||||||
Accounts receivable consist of the following: | |||||||||||||
October 5, | 29-Sep-12 | 31-Dec-12 | |||||||||||
2013 | |||||||||||||
(In millions) | |||||||||||||
$ | 499.7 | $ | 520.7 | $ | 408.4 | ||||||||
Trade accounts receivable | |||||||||||||
Allowances for doubtful accounts, returns, discounts and co-op advertising | (38.6 | ) | (34.5 | ) | (27.4 | ) | |||||||
$ | 461.1 | $ | 486.2 | $ | 381 | ||||||||
Due to our 34.25% ownership interest in GRI, GRI is deemed to be a related party. Included in accounts receivable are amounts due from GRI in the amount of $19.6 million, $22.1 million and $15.6 million at October 5, 2013, September 29, 2012 and December 31, 2012, respectively. Net revenues from GRI amounted to $44.4 million and $51.8 million for the fiscal nine months ended October 5, 2013 and September 29, 2012, respectively. | |||||||||||||
ACCRUED_RESTRUCTURING_COSTS
ACCRUED RESTRUCTURING COSTS | 9 Months Ended | ||||
Oct. 05, 2013 | |||||
ACCRUED RESTRUCTURING COSTS [Abstract] | ' | ||||
ACCRUED RESTRUCTURING COSTS | ' | ||||
ACCRUED RESTRUCTURING COSTS | |||||
Jewelry | |||||
During 2009, we decided to discontinue the domestic manufacturing, product development and sourcing activities of our jewelry business, and also announced the closing of our jewelry distribution center during 2010. We accrued $0.2 million of lease termination costs in the fiscal nine months ended September 29, 2012. The details of the jewelry restructuring accruals are as follows: | |||||
(In millions) | Lease | ||||
obligations | |||||
Balance, January 1, 2012 | $ | 1.5 | |||
Additions | 0.2 | ||||
Payments and reductions | (0.4 | ) | |||
Balance, September 29, 2012 | $ | 1.3 | |||
Balance, January 1, 2013 | $ | 1.4 | |||
Payments and reductions | (0.3 | ) | |||
Balance, October 5, 2013 | $ | 1.1 | |||
The net accrual of $1.3 million at September 29, 2012 is reported as $0.4 million of accrued expenses and other current liabilities and $0.9 million of other noncurrent liabilities. The net accrual of $1.1 million at October 5, 2013 is reported as $0.4 million of accrued expenses and other current liabilities and $0.7 million of other noncurrent liabilities. | |||||
Retail Stores | |||||
We continue to review our domestic retail operations for underperforming locations. As a result of these reviews, we have decided to close retail locations that no longer provide strategic benefits. During the fiscal nine months ended October 5, 2013, we decided to close 120 underperforming domestic retail locations throughout 2013 and 2014 in addition to the 50 store closings announced in the fiscal quarter ended December 31, 2012. We expect to operate a smaller and more productive chain of domestic locations, with outlet stores comprising a significantly higher percentage of the overall retail portfolio. We will continue to critically assess individual store profitability, including consideration of converting certain locations to brands that offer the greatest opportunity for revenue growth. | |||||
During the first fiscal nine months of 2013 and 2012, we closed 66 and 85 locations, respectively, under this plan. Total termination benefits and associated employee costs for all locations closed since 2009 and identified to be closed are expected to be $14.3 million for approximately 3,000 employees, including both store employees and administrative support personnel. We accrued $3.4 million and $1.6 million of termination benefits and associated employee costs during the first fiscal nine months of 2013 and 2012, respectively. We also incurred $3.2 million and $0.4 million in the fiscal nine months ended October 5, 2013 and September 29, 2012, respectively, for costs to terminate leases. In connection with our decision to close these locations, we reviewed the associated long-term assets for impairments. As a result of these reviews, we recorded $6.1 million and $0.4 million of impairment losses in the fiscal nine months ended October 5, 2013 and September 29, 2012, respectively, on leasehold improvements and furniture and fixtures present in the locations to be closed. These costs are reported as SG&A expenses in the domestic retail segment. | |||||
The details of the retail store restructuring accruals are as follows: | |||||
(In millions) | Termination benefits | ||||
Balance, January 1, 2012 | $ | 1.3 | |||
Additions | 1.6 | ||||
Payments and reductions | (1.8 | ) | |||
Balance, September 29, 2012 | $ | 1.1 | |||
$ | 0.9 | ||||
Balance, January 1, 2013 | |||||
Additions | 3.4 | ||||
Payments and reductions | (1.4 | ) | |||
Balance, October 5, 2013 | $ | 2.9 | |||
The net accrual of $1.1 million at September 29, 2012 is reported as $1.0 million of accrued expenses and other current liabilities and $0.1 million of other noncurrent liabilities. The net accrual of $2.9 million at October 5, 2013 is reported as accrued expenses and other current liabilities. | |||||
Other Cost Reduction Initiatives | |||||
During the fiscal nine months ended October 5, 2013, we implemented actions to reduce costs in certain selling, supply chain and corporate back office functions (primarily through headcount reductions) and to optimize our wholesale sportswear channel by streamlining our structure to support a brand-focused organization, including the consolidation of certain production, design and selling divisions and consolidation of distribution and supply chain facilities. We recorded $4.3 million of employee termination costs in the fiscal nine months ended October 5, 2013 for approximately 100 employees. These costs are reported as SG&A expenses and affect all of our reportable segments. Additional actions may be taken during 2013 as we continue to assess our operations for opportunities to reduce costs and improve profitability. | |||||
The details of the cost reduction initiative accruals are as follows: | |||||
(In millions) | Termination benefits | ||||
Balance, January 1, 2013 | $ | - | |||
Additions | 4.3 | ||||
Payments and reductions | (4.1 | ) | |||
Balance, October 5, 2013 | $ | 0.2 | |||
The net accrual of $0.2 million at October 5, 2013 is reported as accrued expenses and other current liabilities. |
GOODWILL
GOODWILL | 9 Months Ended | ||||||||||||||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||||||||||||||
GOODWILL [Abstract] | ' | ||||||||||||||||||||||||||||
GOODWILL | ' | ||||||||||||||||||||||||||||
GOODWILL | |||||||||||||||||||||||||||||
The following table presents, by segment and in total, the carrying amount of goodwill for the fiscal nine months ended September 29, 2012 and October 5, 2013. | |||||||||||||||||||||||||||||
(In millions) | Domestic Wholesale Sportswear | Domestic Wholesale Jeanswear | Domestic Wholesale Footwear & Accessories | Domestic Retail | International Wholesale | International Retail | Total | ||||||||||||||||||||||
Balance, January 1, 2012 | |||||||||||||||||||||||||||||
Goodwill | $ | 46.7 | $ | 519.2 | $ | 859.8 | $ | 120.6 | $ | 111.6 | $ | 50.4 | $ | 1,708.30 | |||||||||||||||
Accumulated impairment losses | - | (519.2 | ) | (813.2 | ) | (120.6 | ) | - | - | (1,453.0 | ) | ||||||||||||||||||
Net goodwill | 46.7 | - | 46.6 | - | 111.6 | 50.4 | 255.3 | ||||||||||||||||||||||
Acquisition of Brian Atwood | - | - | 2.7 | - | - | - | 2.7 | ||||||||||||||||||||||
Foreign currency translation effects | - | - | - | - | 2.1 | 2.4 | 4.5 | ||||||||||||||||||||||
Balance, September 29, 2012 | |||||||||||||||||||||||||||||
Goodwill | 46.7 | 519.2 | 862.5 | 120.6 | 113.7 | 52.8 | 1,715.50 | ||||||||||||||||||||||
Accumulated impairment losses | - | (519.2 | ) | (813.2 | ) | (120.6 | ) | - | - | (1,453.0 | ) | ||||||||||||||||||
Net goodwill | $ | 46.7 | $ | - | $ | 49.3 | $ | - | $ | 113.7 | $ | 52.8 | $ | 262.5 | |||||||||||||||
Balance, January 1, 2013 | |||||||||||||||||||||||||||||
Goodwill | $ | 46.7 | $ | 519.2 | $ | 863 | $ | 120.6 | $ | 113.5 | $ | 52.7 | $ | 1,715.70 | |||||||||||||||
Accumulated impairment losses | - | (519.2 | ) | (813.2 | ) | (120.6 | ) | - | (47.4 | ) | (1,500.4 | ) | |||||||||||||||||
Net goodwill | 46.7 | - | 49.8 | - | 113.5 | 5.3 | 215.3 | ||||||||||||||||||||||
Foreign currency translation effects | - | - | - | - | (0.1 | ) | (0.1 | ) | (0.2 | ) | |||||||||||||||||||
Balance, October 5, 2013 | |||||||||||||||||||||||||||||
Goodwill | 46.7 | 519.2 | 863 | 120.6 | 113.4 | 52.5 | 1,715.40 | ||||||||||||||||||||||
Accumulated impairment losses | - | (519.2 | ) | (813.2 | ) | (120.6 | ) | - | (47.3 | ) | (1,500.3 | ) | |||||||||||||||||
Net goodwill | $ | 46.7 | $ | - | $ | 49.8 | $ | - | $ | 113.4 | $ | 5.2 | $ | 215.1 |
FAIR_VALUES
FAIR VALUES | 9 Months Ended | ||||||||||||||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||||||||||||||
FAIR VALUES [Abstract] | ' | ||||||||||||||||||||||||||||
FAIR VALUES | ' | ||||||||||||||||||||||||||||
FAIR VALUES | |||||||||||||||||||||||||||||
ASC Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Subtopic 820-10 outlines a valuation framework, creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements, and details the disclosures that are required for items measured at fair value. We are permitted to choose to measure many financial instruments and certain other items at fair value, although we did not elect the fair value measurement option for any of our financial assets or liabilities. Our financial assets and liabilities are to be measured using inputs from the three levels of the fair value hierarchy, which are as follows: | |||||||||||||||||||||||||||||
· | Level 1 - inputs are unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date; | ||||||||||||||||||||||||||||
· | Level 2 - inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs); and | ||||||||||||||||||||||||||||
· | Level 3 - unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing assets or liabilities based on the best information available. | ||||||||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | |||||||||||||||||||||||||||||
We have certain financial assets and liabilities that are required to be measured at fair value. These include: | |||||||||||||||||||||||||||||
· | the assets and liabilities of The Jones Group Inc. Deferred Compensation Plan (the "Rabbi Trust"), which represent deferred employee compensation invested in mutual funds and which fall within Level 1 of the fair value hierarchy; | ||||||||||||||||||||||||||||
· | deferred director fees, which represent phantom units of our common stock that have a fair value based on the market price of our common stock and which fall within Level 1 of the fair value hierarchy; | ||||||||||||||||||||||||||||
· | foreign currency forward contracts, which have fair values calculated by comparing foreign exchange forward rates to the contract rates discounted at our incremental borrowing rate, which fall within Level 2 of the fair value hierarchy; | ||||||||||||||||||||||||||||
· | interest rate swap and cap contracts, which have fair values calculated by comparing current yield curves and LIBOR rates to the stated contract rates adjusted for estimated risk of counterparty nonperformance, which fall within Level 2 of the fair value hierarchy; | ||||||||||||||||||||||||||||
· | long-term debt that is hedged by interest rate swaps as a fair-value hedge, calculated by comparing current yield curves and LIBOR rates to the stated contract rates of the associated interest rate swaps, which falls within Level 2 of the fair value hierarchy; and | ||||||||||||||||||||||||||||
· | consideration liabilities recorded as a result of the acquisition of Moda Nicola International, LLC ("Moda") and Stuart Weitzman Holdings, LLC ("SWH"), which have fair values based on our projections of financial results and cash flows for the acquired business and a discount factor based on our weighted average cost of capital, and which fall within Level 3 of the fair value hierarchy. | ||||||||||||||||||||||||||||
In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis at September 29, 2012, December 31, 2012 and October 5, 2013. | |||||||||||||||||||||||||||||
(In millions) | Classification | Total Value | Quoted prices in active markets for identical assets (Level 1) | Significant other observable inputs (Level 2) | Significant unobserv-able inputs (Level 3) | ||||||||||||||||||||||||
Description | |||||||||||||||||||||||||||||
September 29, 2012: | |||||||||||||||||||||||||||||
Rabbi Trust assets | Prepaid expenses and other current assets | $ | 8.2 | $ | 8.2 | $ | - | $ | - | ||||||||||||||||||||
British Pound – U.S. Dollar forward contracts | Prepaid expenses and other current assets | 0.1 | - | 0.1 | - | ||||||||||||||||||||||||
Interest rate cap | Other long-term assets | - | - | - | - | ||||||||||||||||||||||||
Total assets | $ | 8.3 | $ | 8.2 | $ | 0.1 | $ | - | |||||||||||||||||||||
Rabbi Trust liabilities | Accrued employee compensation and benefits | $ | 8.2 | $ | 8.2 | $ | - | $ | - | ||||||||||||||||||||
Canadian Dollar – U.S. Dollar forward contracts | Accrued expenses and other current liabilities | 0.1 | - | 0.1 | - | ||||||||||||||||||||||||
Deferred director fees | Accrued expenses and other current liabilities | 0.2 | 0.2 | - | - | ||||||||||||||||||||||||
Acquisition consideration | Current portion of acquisition consideration payable | 230.2 | - | - | 230.2 | ||||||||||||||||||||||||
Acquisition consideration | Acquisition consideration payable, net of current portion | 5 | - | - | 5 | ||||||||||||||||||||||||
Total liabilities | $ | 243.7 | $ | 8.4 | $ | 0.1 | $ | 235.2 | |||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||||||
Rabbi Trust assets | Prepaid expenses and other current assets | $ | 8.4 | $ | 8.4 | $ | - | $ | - | ||||||||||||||||||||
Interest rate cap | Other long-term assets | - | - | - | - | ||||||||||||||||||||||||
British Pound – U.S. Dollar forward contracts | Prepaid expenses and other current assets | - | - | - | - | ||||||||||||||||||||||||
Canadian Dollar – U.S. Dollar forward contracts | Prepaid expenses and other current assets | 0.2 | - | 0.2 | - | ||||||||||||||||||||||||
Total assets | $ | 8.6 | $ | 8.4 | $ | 0.2 | $ | - | |||||||||||||||||||||
Rabbi Trust liabilities | Accrued employee compensation and benefits | $ | 8.4 | $ | 8.4 | $ | - | $ | - | ||||||||||||||||||||
Deferred director fees | Accrued expenses and other current liabilities | 0.2 | 0.2 | - | - | ||||||||||||||||||||||||
Acquisition consideration | Current portion of acquisition consideration payable | 30.3 | - | - | 30.3 | ||||||||||||||||||||||||
Acquisition consideration | Acquisition consideration payable, net of current portion | 6 | - | - | 6 | ||||||||||||||||||||||||
Total liabilities | $ | 44.9 | $ | 8.6 | $ | - | $ | 36.3 | |||||||||||||||||||||
October 5, 2013: | |||||||||||||||||||||||||||||
Rabbi Trust assets | Prepaid expenses and other current assets | $ | 8.4 | $ | 8.4 | $ | - | $ | - | ||||||||||||||||||||
British Pound – U.S. Dollar forward contracts | Prepaid expenses and other current assets | 0.1 | - | 0.1 | - | ||||||||||||||||||||||||
Canadian Dollar – U.S. Dollar forward contracts | Prepaid expenses and other current assets | 0.1 | - | 0.1 | - | ||||||||||||||||||||||||
Interest rate swaps | Other long-term assets | 2.7 | - | 2.7 | - | ||||||||||||||||||||||||
Interest rate cap | Other long-term assets | - | - | - | - | ||||||||||||||||||||||||
Total assets | $ | 11.3 | $ | 8.4 | $ | 2.9 | $ | - | |||||||||||||||||||||
Rabbi Trust liabilities | Accrued employee compensation and benefits | $ | 8.4 | $ | 8.4 | $ | - | $ | - | ||||||||||||||||||||
Deferred director fees | Accrued expenses and other current liabilities | 0.3 | 0.3 | - | - | ||||||||||||||||||||||||
Interest rate swap | Other long-term liabilities | 0.4 | - | 0.4 | - | ||||||||||||||||||||||||
Hedged portion of 6.875% Senior Notes due 2019 | Long-term debt | 338.3 | - | 338.3 | - | ||||||||||||||||||||||||
Acquisition consideration | Current portion of acquisition consideration payable | 2.4 | - | - | 2.4 | ||||||||||||||||||||||||
Acquisition consideration | Acquisition consideration payable, net of current portion | 4 | - | - | 4 | ||||||||||||||||||||||||
Total liabilities | $ | 353.8 | $ | 8.7 | $ | 338.7 | $ | 6.4 | |||||||||||||||||||||
The following table presents the changes in Level 3 contingent consideration liability for the fiscal nine months ended September 29, 2012 and October 5, 2013. | |||||||||||||||||||||||||||||
(In millions) | Acquisition of Moda | Acquisition of SWH | Total Acquisition Consideration Payable | ||||||||||||||||||||||||||
$ | 14.8 | $ | 195.6 | $ | 210.4 | ||||||||||||||||||||||||
Beginning balance, January 1, 2012 | |||||||||||||||||||||||||||||
Payments | (3.5 | ) | (15.7 | ) | (19.2 | ) | |||||||||||||||||||||||
Total adjustments included in earnings | (3.8 | ) | 47.8 | 44 | |||||||||||||||||||||||||
Balance, September 29, 2012 | $ | 7.5 | $ | 227.7 | $ | 235.2 | |||||||||||||||||||||||
$ | 7.4 | $ | 28.9 | $ | 36.3 | ||||||||||||||||||||||||
Beginning balance, January 1, 2013 | |||||||||||||||||||||||||||||
Payments | (2.5 | ) | (27.4 | ) | (29.9 | ) | |||||||||||||||||||||||
Total adjustments included in earnings | 0.5 | (0.5 | ) | - | |||||||||||||||||||||||||
Balance, October 5, 2013 | $ | 5.4 | $ | 1 | $ | 6.4 | |||||||||||||||||||||||
The following table represents quantitative information about the Level 3 contingent consideration liability measurement for the acquisition of Moda at October 5, 2013. | |||||||||||||||||||||||||||||
(In millions) | Fair Value at October 5, 2013 | Valuation | Unobservable | Range | |||||||||||||||||||||||||
technique | inputs | (Weighted Average) | |||||||||||||||||||||||||||
Acquisition of Moda | 5.4 | Discounted projection of financial results | Net sales growth | 14% - 46% (32.8%) | |||||||||||||||||||||||||
$ | Gross margin multiplier | 1.31 – 1.38 (1.34) | |||||||||||||||||||||||||||
Discount rate | 12.00% | ||||||||||||||||||||||||||||
The valuation processes for the contingent consideration liability for the acquisition of Moda is based on the associated acquisition agreement. Our inputs include probability-weighted projections of financial results for the acquired business and a discount rate based on our weighted average cost of capital. We internally calculate the estimated liability using projected financial information provided by the operating divisions. | |||||||||||||||||||||||||||||
The significant unobservable inputs used in the fair value measurement of the Moda contingent consideration liability are net sales growth, a gross margin multiplier (as defined in the acquisition agreement) and a discount factor. An increase in the net sales or gross margin multiplier inputs would increase the fair value of the liability, while an increase in the discount rate would decrease the fair value of the liability. There is no interrelationship between the unobservable inputs. Changes in the fair value of the Moda contingent consideration liability are reported as adjustments to SG&A expenses in the domestic wholesale sportswear segment. | |||||||||||||||||||||||||||||
The remaining contingent consideration liability related to the acquisition of SWH is $1.0 million. Changes in the fair value of the contingent consideration liability for SWH are reported as adjustments to interest expense. Payment of the remaining liability will be deferred until certain conditions are met. | |||||||||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | |||||||||||||||||||||||||||||
In accordance with the fair value hierarchy described above, the following table shows the fair value of our non-financial assets and liabilities that were required to be measured at fair value on a nonrecurring basis at September 29, 2012 and October 5, 2013, and the total losses recorded as a result of the remeasurement process. | |||||||||||||||||||||||||||||
(In millions) | Fair Value Measurements Using | ||||||||||||||||||||||||||||
Carrying Value | Quoted prices in active markets for identical assets (Level 1) | Significant other observable inputs (Level 2) | Significant unobserv-able inputs (Level 3) | Total | |||||||||||||||||||||||||
losses recorded for the fiscal nine months | |||||||||||||||||||||||||||||
Description | |||||||||||||||||||||||||||||
At September 29, 2012: | |||||||||||||||||||||||||||||
Property and equipment | $ | - | $ | - | $ | - | $ | - | $ | 0.4 | |||||||||||||||||||
At October 5, 2013: | |||||||||||||||||||||||||||||
Property and equipment | 0.8 | - | - | 0.8 | 6.9 | ||||||||||||||||||||||||
During the fiscal nine months ended September 29, 2012 and October 5, 2013, property and equipment utilized in our retail operations with a carrying amount of $0.4 million and $6.9 million, respectively, were written down to fair values of zero and $0.8 million, respectively, primarily as a result of our decision to close underperforming retail locations. These losses were recorded as SG&A expenses in the domestic retail segment. We consider long-term assets utilized in a retail location to be impaired when a pattern of operating losses at or a decision to close the location indicate that future operating losses are probable and that the resulting cash flows will not be sufficient to recover the carrying value of the associated long-term assets. During the fiscal nine months ended October 5, 2013, leasehold improvements with a carrying value of $0.8 million in facilities to be sublet were written down to a fair value of zero, as we will incur a loss on the subleases. This loss was recorded as an SG&A expense in the domestic wholesale footwear and accessories segment. | |||||||||||||||||||||||||||||
Financial Instruments | |||||||||||||||||||||||||||||
As a result of our global operating and financing activities, we are exposed to changes in interest rates and foreign currency exchange rates which may adversely affect results of operations and financial condition. In seeking to minimize the risks and/or costs associated with such activities, we manage exposure to changes in interest rates and foreign currency exchange rates through our regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments. The instruments eligible for utilization include forward, option and swap agreements. We do not use financial instruments for trading or other speculative purposes. At October 5, 2013, we had outstanding foreign exchange contracts to exchange Canadian Dollars for a total notional value of US$5.4 million at a weighted-average exchange rate of 1.012 maturing through January 2014 and to exchange 6.0 million British Pounds for U.S. Dollars at an exchange rate of 1.623 maturing in December 2013. | |||||||||||||||||||||||||||||
At October 5, 2013, September 29, 2012 and December 31, 2012, the fair values of cash and cash equivalents, receivables and accounts payable approximated their carrying values due to the short-term nature of these instruments. The estimated fair values of other financial instruments subject to fair value disclosures were valued using market comparable inputs. These inputs include broker quotes, quoted market prices, interest rates and exchange rates for the same or similar instruments. The fair value and related carrying amounts for items not disclosed elsewhere are as follows: | |||||||||||||||||||||||||||||
(In millions) | 5-Oct-13 | 29-Sep-12 | 31-Dec-12 | ||||||||||||||||||||||||||
Fair Value Level | Carrying Amount | Fair | Carrying Amount | Fair | Carrying Amount | Fair | |||||||||||||||||||||||
Value | Value | Value | |||||||||||||||||||||||||||
Senior Notes, including hedged items recorded at fair value | 1 | $ | 921.3 | $ | 861.4 | $ | 926.2 | $ | 879.6 | $ | 924.3 | $ | 884.5 | ||||||||||||||||
Other long-term debt, including current portion | 2 | 10 | 9.1 | 10.2 | 9.3 | 10.2 | 9.3 | ||||||||||||||||||||||
Notes receivable | 2 | 7.1 | 6.3 | - | - | - | - | ||||||||||||||||||||||
Financial instruments expose us to counterparty credit risk for nonperformance and to market risk for changes in interest and currency rates. We manage exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties and procedures to monitor the amount of credit exposure. Our financial instrument counterparties are substantial investment or commercial banks with significant experience with such instruments. |
CREDIT_FACILITIES
CREDIT FACILITIES | 9 Months Ended |
Oct. 05, 2013 | |
CREDIT FACILITIES [Abstract] | ' |
CREDIT FACILITIES | ' |
CREDIT FACILITIES | |
We have a secured revolving credit agreement expiring on April 28, 2016 (the "Credit Facility") with several lending institutions to borrow an aggregate principal amount of up to $650 million. The terms and conditions of our Credit Facility provide for, among other things: (1) a $350 million U.S. commitment which may be drawn by the U.S. borrowers as revolving loans in U.S. Dollars or letters of credit in Canadian Dollars, U.S. Dollars, or an "LC Alternative Currency" (namely Euros, sterling, or any other currency acceptable to the lenders); and (2) a $300 million international commitment which may be drawn by the U.S. borrowers or by any Canadian or European borrowers as revolving loans or letters of credit in Canadian Dollars, U.S. Dollars, or an LC Alternative Currency. Up to the entire amount of the Credit Facility is available for cash borrowings, with an overall sublimit of up to $350 million for all letters of credit. All of the overall $350 million sublimit may be used for trade letters of credit; and within that overall sublimit, there are additional sublimits, including (but not limited to) $50 million for standby letters of credit and $150 million for letters of credit under the U.S. commitment denominated in an LC Alternative Currency. | |
Borrowings under the Credit Facility may be used to refinance certain existing indebtedness, to make certain investments (including acquisitions), and for general corporate purposes in the ordinary course of business. Such borrowings bear interest either based on the alternate base rate, as defined in the Credit Facility, or based on Eurocurrency rates, each with a margin that depends on the availability remaining under the Credit Facility. The Credit Facility contains customary events of default. | |
Availability under the Credit Facility is determined with reference to a borrowing base consisting of a percentage of eligible inventory, accounts receivable, credit card receivables and licensee receivables, minus reserves determined by the joint collateral agents. At October 5, 2013, we had $78.0 million in cash borrowings and $18.3 million of letters of credit outstanding, and our remaining availability was $448.3 million. If availability under the Credit Facility falls below a stated level, we will be required to comply with a minimum fixed charge coverage ratio. The Credit Facility also contains affirmative and negative covenants that, among other things, will limit or restrict our ability to (1) incur indebtedness, (2) create liens, (3) merge, consolidate, liquidate or dissolve, (4) make investments (including acquisitions), loans or advances, (5) sell assets, (6) enter into sale and leaseback transactions, (7) enter into swap agreements, (8) make certain restricted payments (including dividends and other payments in respect of capital stock), (9) enter into transactions with affiliates, (10) enter into restrictive agreements, and (11) amend material documents. The Credit Facility is secured by a first priority lien on substantially all of our personal property. |
LONGTERM_DEBT
LONG-TERM DEBT | 9 Months Ended |
Oct. 05, 2013 | |
LONG-TERM DEBT [Abstract] | ' |
LONG-TERM DEBT [Text Block] | ' |
LONG-TERM DEBT | |
In September 2012, we issued an additional $100.0 million of our 6.875% Senior Notes due 2019 (the "2019 Notes"). Net proceeds (including a premium of $3.5 million) were $100.9 million, which was used for general corporate purposes. These additional notes are being treated as a single series with, and have the same terms as, the previously issued 2019 Notes and are fungible with the previously-issued 2019 Notes. |
DERIVATIVES
DERIVATIVES | 9 Months Ended | |||||||||||||||||
Oct. 05, 2013 | ||||||||||||||||||
DERIVATIVES [Abstract] | ' | |||||||||||||||||
DERIVATIVES | ' | |||||||||||||||||
DERIVATIVES | ||||||||||||||||||
We recognize all derivatives as either assets or liabilities on the balance sheet and measure those instruments at fair value. Additionally, the fair value adjustments will affect either equity or net income, depending on whether the derivative instrument qualifies as a hedge for accounting purposes and, if so, the nature of the hedging activity. | ||||||||||||||||||
Interest Rate Swaps and Caps | ||||||||||||||||||
On December 14, 2010, we entered into three interest rate swap transactions to effectively convert the entire amount of our $250 million fixed-rate 5.125% Senior Notes due 2014 (the "2014 Notes") to variable-rate debt. Under the terms of the transactions, we were required to make semiannual variable-rate payments to the counterparties calculated based on three-month LIBOR rates (which were reset on the 15th day of each calendar quarter) plus 3.46%, and the counterparties were obligated to make semiannual fixed-rate payments to us of 5.125%. The swap transactions had an effective date of December 17, 2010 and a termination date of November 15, 2014, the date the 2014 Notes mature. On June 8, 2012, we de-designated the hedging relationship between the swaps and the 2014 Notes and received $5.7 million upon termination of the swaps. The related fair market valuation adjustment to the 2014 Notes is being amortized as a reduction of interest expense over the remaining life of the 2014 notes. | ||||||||||||||||||
On March 19, 2012, we entered into three interest rate swap transactions to effectively convert $150 million of our 2019 Notes to variable-rate debt. Under the terms of the transactions, we were required to make semiannual variable-rate payments to the counterparties calculated based on one-month LIBOR rates (which were reset on the 15th day of each calendar quarter) plus 5.195%, and the counterparties were obligated to make semiannual fixed-rate payments to us of 6.875%. The swap transactions had an effective date of March 21, 2012 and a termination date of March 15, 2019, the date the 2019 Notes mature. On May 31, 2012, we de-designated the hedging relationship between the swaps and the 2019 Notes and received $3.5 million upon termination of the swaps. The related fair market valuation adjustment to the 2019 Notes is being amortized as a reduction of interest expense over the remaining life of the 2019 Notes. | ||||||||||||||||||
During 2013, we entered into various interest rate swap transactions to effectively convert a portion of our 2019 Notes to variable-rate debt. Under the terms of the transactions, we are required to make semiannual variable-rate payments to the counterparties (which are reset in arrears on each payment date) as shown in the table below, and the counterparties are obligated to make semiannual fixed-rate payments to us of 6.875%. The swap transactions all have a termination date of March 15, 2019, the date the 2019 Notes mature. | ||||||||||||||||||
Date of transaction | Effective date | Number of swaps | Amount of 2019 Notes | Variable rate payments | ||||||||||||||
hedged (in millions) | ||||||||||||||||||
17-Jul-13 | 19-Jul-13 | 3 | $ | 90 | Six-month LIBOR + 4.75% | |||||||||||||
13-Aug-13 | 15-Aug-13 | 3 | 90 | Six-month LIBOR + 4.5925% | ||||||||||||||
19-Aug-13 | 21-Aug-13 | 3 | 75 | Six-month LIBOR + 4.4275% | ||||||||||||||
5-Sep-13 | 9-Sep-13 | 3 | 70 | Six-month LIBOR + 4.2425% | ||||||||||||||
We have an outstanding interest rate cap that was used in conjunction with previous interest rate swaps on our $250 million 5.125% Senior Notes due 2014 to limit our floating rate exposure. The cap has a termination date of November 15, 2014. | ||||||||||||||||||
The swap transactions are designated as hedges of the fair value of the related notes. The fair values of the swaps are recorded either as an asset or a liability, with changes in their fair values recorded through interest expense. The changes in fair value of the notes related to the hedged portion of the notes are also recorded through interest expense. As these changes in fair value do not exactly offset each other, the net effect on earnings represents the ineffectiveness of the hedging instruments. We evaluate effectiveness under the "long haul" method of accounting. The interest rate cap has not been designated as a hedging instrument; as a result, all changes in the fair value of the cap are recorded through interest expense. | ||||||||||||||||||
We recorded net increases in interest expense related to the ineffectiveness of the swaps and the changes in the fair value of the cap as follows. | ||||||||||||||||||
(In millions) | Fiscal Quarter Ended | Fiscal Nine Months Ended | ||||||||||||||||
October 5, | September 29, | October 5, | September 29, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Interest rate swaps | $ | 0.2 | $ | - | $ | 0.2 | $ | 1.3 | ||||||||||
Interest rate cap | - | - | - | 0.2 | ||||||||||||||
Net (decrease) increase in interest expense | $ | 0.2 | $ | - | $ | 0.2 | $ | 1.5 | ||||||||||
Foreign Currency Forward Contracts | ||||||||||||||||||
We use foreign currency forward contracts for the specific purpose of hedging the exposure to variability in forecasted cash flows associated primarily with inventory purchases. Fair values of foreign currency forward contracts are calculated by comparing each agreement's contractual exchange rate with the currency exchange forward and spot rates at the reporting date. | ||||||||||||||||||
We have outstanding forward contracts to exchange Canadian Dollars for U.S. Dollars. These contracts are designated as cash flow hedges, as the principal terms of the contracts are the same as the underlying forecasted foreign currency cash flows. Therefore, changes in the fair value of these forward contracts are highly effective in offsetting changes in the expected foreign currency cash flows. Changes in the fair value of these contracts are recorded in accumulated other comprehensive income, net of related tax effects, with the corresponding asset or liability recorded in the balance sheet. Amounts recorded in accumulated other comprehensive income are reflected in current-period earnings when the hedged transaction affects earnings. | ||||||||||||||||||
Since the foreign currency derivatives we use in our risk management strategies are highly effective hedges because all the critical terms of the derivative instruments match those of the hedged item, we record no ineffectiveness related to our cash flow hedges. If foreign currency exchange rates do not change from their October 5, 2013 amounts, we estimate that any reclassifications from other comprehensive income to earnings within the next 12 months will not be material. | ||||||||||||||||||
We also currently have outstanding forward contracts to exchange British Pounds for U.S. Dollars. These contracts have not been designated as hedges. Therefore, changes in the fair value of these contracts are recorded through earnings, with the corresponding asset or liability recorded in the balance sheet. | ||||||||||||||||||
The notional amounts of our foreign exchange contracts outstanding at October 5, 2013, September 29, 2012 and December 31, 2012 are as follows. For additional information, see "Fair Values." | ||||||||||||||||||
(In millions) | Notional Amounts | |||||||||||||||||
October 5, | September 29, | December 31, | ||||||||||||||||
2013 | 2012 | 2012 | ||||||||||||||||
Canadian Dollar – U.S. Dollar forward exchange contracts | US$5.4 | US$4.1 | US$16.1 | |||||||||||||||
British Pound – U.S. Dollar forward exchange contracts | £6.0 | £9.0 | £6.0 | |||||||||||||||
Fair Values of Derivative Instruments | ||||||||||||||||||
(In millions) | 5-Oct-13 | 29-Sep-12 | 31-Dec-12 | |||||||||||||||
Balance Sheet Location | Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | ||||||||||||||
Fair Value | ||||||||||||||||||
Derivatives designated as hedging instruments | ||||||||||||||||||
Foreign exchange contracts | Prepaid expenses and other current assets | $ | 0.1 | Prepaid expenses and other current assets | $ | 0.2 | ||||||||||||
Interest rate swap contracts | Other long-term assets | 2.7 | - | |||||||||||||||
Total derivative assets | $ | 2.8 | $ | 0.2 | ||||||||||||||
Foreign exchange contracts | $ | - | Accrued expenses and other current liabilities | $ | 0.1 | |||||||||||||
Interest rate swap contracts | Other long-term liabilities | 0.4 | - | |||||||||||||||
Total derivative liabilities | $ | 0.4 | $ | 0.1 | ||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||
Foreign exchange contracts | Prepaid expenses and other current assets | $ | 0.1 | Prepaid expenses and other current assets | $ | 0.1 | $ | - | ||||||||||
Interest rate cap contract | Other long-term assets | - | Other long-term assets | - | Other long-term assets | - | ||||||||||||
Total derivative assets | $ | 0.1 | $ | 0.1 | $ | - | ||||||||||||
Effect of Derivatives on the Statement of Operations - Derivatives Designated as Hedging Instruments | ||||||||||||||||||
(In millions) | Amount of Pretax (Loss) due to Ineffectiveness Recognized in Income | |||||||||||||||||
Derivative type | Location of Pretax (Loss) | Fiscal Nine | Fiscal Nine | |||||||||||||||
due to Ineffectiveness | Months Ended | Months Ended | ||||||||||||||||
Recognized in Income | October 5, | 29-Sep-12 | ||||||||||||||||
2013 | ||||||||||||||||||
Interest rate swap contracts | Interest expense | $ | (0.2 | ) | $ | (1.3 | ) | |||||||||||
(In millions) | Amount of Pretax Gain (Loss) Recognized in Other Comprehensive Income | Amount of Pretax Gain (Loss) Reclassified from Other Comprehensive Income into Income | ||||||||||||||||
Derivative type | Fiscal Nine Months Ended | Fiscal Nine Months Ended | Location of Pretax | Fiscal Nine Months | Fiscal Nine Months Ended | |||||||||||||
October 5, | September 29, | (Loss) Reclassified | Ended | September 29, | ||||||||||||||
2013 | 2012 | from Other Comprehensive | October 5, | 2012 | ||||||||||||||
Income into Income | 2013 | |||||||||||||||||
Canadian Dollar – U.S. Dollar forward contracts | $ | 0.5 | $ | (0.2 | ) | Cost of sales | $ | 0.5 | $ | (0.1 | ) | |||||||
Effect of Derivatives on the Statement of Operations - Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||
(In millions) | Amount of Pretax Gain (Loss) | |||||||||||||||||
Recognized in Income | ||||||||||||||||||
Derivative type | Location of Pretax Gain (Loss) | Fiscal Nine | Fiscal Nine | |||||||||||||||
Recognized in Income | Months Ended | Months Ended | ||||||||||||||||
5-Oct-13 | 29-Sep-12 | |||||||||||||||||
Interest rate cap contract | Interest expense | $ | - | $ | (0.2 | ) | ||||||||||||
British Pound – U.S. Dollar forward contracts | Selling, general and administrative expenses | 0.1 | 0.1 |
STATEMENT_OF_CASH_FLOWS
STATEMENT OF CASH FLOWS | 9 Months Ended | ||||||||
Oct. 05, 2013 | |||||||||
STATEMENT OF CASH FLOWS [Abstract] | ' | ||||||||
STATEMENT OF CASH FLOWS | ' | ||||||||
STATEMENT OF CASH FLOWS | |||||||||
Fiscal Nine Months Ended | October 5, | 29-Sep-12 | |||||||
2013 | |||||||||
(In millions) | |||||||||
Supplemental disclosures of cash flow information: | |||||||||
Cash paid during the period for: | |||||||||
Interest | $ | 66.6 | $ | 41.4 | |||||
Net income tax payments | 8 | 4.8 | |||||||
Supplemental disclosures of non-cash investing and financing activities: | |||||||||
Restricted stock issued to employees | 29.7 | 22.1 | |||||||
Shares withheld for taxes upon vesting of restricted stock | 2.4 | 0.2 |
PENSION_PLANS
PENSION PLANS | 9 Months Ended | ||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||
PENSION PLANS [Abstract] | ' | ||||||||||||||||
PENSION PLANS | ' | ||||||||||||||||
PENSION PLANS | |||||||||||||||||
Components of Net Periodic Benefit Cost | |||||||||||||||||
(In millions) | Fiscal Quarter Ended | Fiscal Nine Months Ended | |||||||||||||||
October 5, | 29-Sep-12 | October 5, | 29-Sep-12 | ||||||||||||||
2013 | 2013 | ||||||||||||||||
$ | 0.6 | $ | 0.6 | $ | 1.8 | $ | 1.9 | ||||||||||
Interest cost | |||||||||||||||||
Expected return on plan assets | (0.8 | ) | (0.7 | ) | (2.3 | ) | (2.0 | ) | |||||||||
Amortization of net loss | 0.3 | 0.6 | 0.8 | 1.7 | |||||||||||||
Net periodic benefit cost | $ | 0.1 | $ | 0.5 | $ | 0.3 | $ | 1.6 | |||||||||
Employer Contributions | |||||||||||||||||
During the fiscal nine months ended October 5, 2013, we contributed $4.4 million to our defined benefit pension plan. We anticipate contributing a total of $4.8 million during 2013. |
SEGMENT_INFORMATION
SEGMENT INFORMATION | 9 Months Ended | ||||||||||||||||||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||||||||||||||||||
SEGMENT INFORMATION [Abstract] | ' | ||||||||||||||||||||||||||||||||
SEGMENT INFORMATION | ' | ||||||||||||||||||||||||||||||||
SEGMENT INFORMATION | |||||||||||||||||||||||||||||||||
We identify operating segments based on, among other things, differences in products sold and the way our management organizes the components of our business for purposes of allocating resources and assessing performance. Our operations are comprised of six reportable segments: domestic wholesale sportswear, domestic wholesale jeanswear, domestic wholesale footwear and accessories, domestic retail, international wholesale and international retail. Segment revenues are generated from the sale of apparel, footwear and accessories through wholesale channels and our own retail locations. The wholesale segments include wholesale operations with third party department and other retail stores, the retail segments include operations by our own stores, concession locations and e-commerce web sites, and income and expenses related to trademarks, licenses and general corporate functions are reported under "licensing, other and eliminations." | |||||||||||||||||||||||||||||||||
We define segment income as operating income before net interest expense, goodwill impairment charges, gains or losses on sales of subsidiaries, equity in earnings of unconsolidated affiliates and income taxes. Sales and transfers between segments generally are recorded at cost and treated as transfers of inventory, which are not reviewed by management when evaluating segment performance. The wholesale segments allocate to the retail segments a portion of their SG&A costs related to the inventory transferred to those divisions where the retail operations benefit from those costs. | |||||||||||||||||||||||||||||||||
Summarized below are our revenues and income by reportable segment for the fiscal quarters and nine months ended October 5, 2013 and September 29, 2012. We are an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, we do not represent that these segments, if operated independently, would report the operating profit and other financial information shown below. | |||||||||||||||||||||||||||||||||
(In millions) | Domestic Wholesale Sportswear | Domestic Wholesale Jeanswear | Domestic Wholesale Footwear & Accessories | Domestic Retail | International Wholesale | International Retail | Licensing, Other & Eliminations | Consolidated | |||||||||||||||||||||||||
For the fiscal quarter ended October 5, 2013 | |||||||||||||||||||||||||||||||||
Revenues | $ | 186.9 | $ | 214.2 | $ | 289.9 | $ | 136.8 | $ | 88.4 | $ | 94.8 | $ | 10.7 | $ | 1,021.70 | |||||||||||||||||
$ | 8.3 | $ | 19.6 | $ | 35.4 | $ | (16.3 | ) | $ | 11 | $ | 3.4 | $ | 1.4 | 62.8 | ||||||||||||||||||
Segment income (loss) | |||||||||||||||||||||||||||||||||
(14.8 | ) | ||||||||||||||||||||||||||||||||
Net interest expense | |||||||||||||||||||||||||||||||||
Equity in loss of unconsolidated affiliate | (0.9 | ) | |||||||||||||||||||||||||||||||
Income before provision for income taxes | $ | 47.1 | |||||||||||||||||||||||||||||||
For the fiscal quarter ended September 29, 2012 | |||||||||||||||||||||||||||||||||
Revenues | $ | 208.7 | $ | 202.3 | $ | 289.9 | $ | 140 | $ | 94.3 | $ | 89.7 | $ | 10.5 | $ | 1,035.40 | |||||||||||||||||
$ | 12.9 | $ | 15.3 | $ | 29.3 | $ | (15.5 | ) | $ | 9.4 | $ | 2.3 | $ | 9 | 62.7 | ||||||||||||||||||
Segment income (loss) | |||||||||||||||||||||||||||||||||
(37.7 | ) | ||||||||||||||||||||||||||||||||
Net interest expense | |||||||||||||||||||||||||||||||||
Income before provision for income taxes | $ | 25 | |||||||||||||||||||||||||||||||
For the fiscal nine months ended October 5, 2013 | |||||||||||||||||||||||||||||||||
Revenues | $ | 536.8 | $ | 653.4 | $ | 712.8 | $ | 411 | $ | 250.3 | $ | 280.1 | $ | 31.6 | $ | 2,876.00 | |||||||||||||||||
$ | 9.2 | $ | 68 | $ | 57.8 | $ | (56.3 | ) | $ | 27.4 | $ | (4.5 | ) | $ | (11.1 | ) | 90.5 | ||||||||||||||||
Segment income (loss) | |||||||||||||||||||||||||||||||||
(46.3 | ) | ||||||||||||||||||||||||||||||||
Net interest expense | |||||||||||||||||||||||||||||||||
Equity in loss of unconsolidated affiliate | (0.8 | ) | |||||||||||||||||||||||||||||||
Income before provision for income taxes | $ | 43.4 | |||||||||||||||||||||||||||||||
For the fiscal nine months ended September 29, 2012 | |||||||||||||||||||||||||||||||||
Revenues | $ | 617.1 | $ | 538.1 | $ | 711.2 | $ | 418.7 | $ | 243.1 | $ | 264.9 | $ | 33.1 | $ | 2,826.20 | |||||||||||||||||
$ | 45.1 | $ | 38.9 | $ | 46 | $ | (40.8 | ) | $ | 29 | $ | 1 | $ | 5.4 | 124.6 | ||||||||||||||||||
Segment income (loss) | |||||||||||||||||||||||||||||||||
(89.2 | ) | ||||||||||||||||||||||||||||||||
Net interest expense | |||||||||||||||||||||||||||||||||
Equity in income of unconsolidated affiliate | 1.4 | ||||||||||||||||||||||||||||||||
Income before provision for income taxes | $ | 36.8 |
ACCUMULATED_OTHER_COMPREHENSIV
ACCUMULATED OTHER COMPREHENSIVE LOSS | 9 Months Ended | |||||||||||||||||
Oct. 05, 2013 | ||||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract] | ' | |||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE LOSS | ' | |||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE LOSS | ||||||||||||||||||
Changes in Accumulated Other Comprehensive (Loss) Income by Component | ||||||||||||||||||
(In millions) | Gains (Losses) on Cash Flow Hedges | Defined Benefit Pension Items | Foreign Currency Translation | Total | ||||||||||||||
For the fiscal quarter ended October 5, 2013: | ||||||||||||||||||
Balance, July 7, 2013 | $ | 0.5 | $ | (23.3 | ) | $ | (7.6 | ) | $ | (30.4 | ) | |||||||
Other comprehensive (loss) income before reclassifications | (0.1 | ) | - | 14.1 | 14 | |||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | (0.2 | ) | 0.2 | - | - | |||||||||||||
Net comprehensive (loss) income | (0.3 | ) | 0.2 | 14.1 | 14 | |||||||||||||
Balance, October 5, 2013 | $ | 0.2 | $ | (23.1 | ) | $ | 6.5 | $ | (16.4 | ) | ||||||||
For the fiscal quarter ended September 29, 2012: | ||||||||||||||||||
Balance, July 1, 2012 | $ | 0.3 | $ | (23.5 | ) | $ | (5.0 | ) | $ | (28.2 | ) | |||||||
Other comprehensive (loss) income before reclassifications | (0.3 | ) | (0.3 | ) | 11.6 | 11 | ||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | - | 0.3 | - | 0.3 | ||||||||||||||
Net comprehensive (loss) income | (0.3 | ) | - | 11.6 | 11.3 | |||||||||||||
Balance, September 29, 2012 | $ | - | $ | (23.5 | ) | $ | 6.6 | $ | (16.9 | ) | ||||||||
For the fiscal nine months ended October 5, 2013: | ||||||||||||||||||
Balance, January 1, 2013 | $ | 0.1 | $ | (23.6 | ) | $ | 5.6 | $ | (17.9 | ) | ||||||||
Other comprehensive (loss) income before reclassifications | 0.5 | - | 0.9 | 1.4 | ||||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | (0.4 | ) | 0.5 | - | 0.1 | |||||||||||||
Net comprehensive income | 0.1 | 0.5 | 0.9 | 1.5 | ||||||||||||||
Balance, October 5, 2013 | $ | 0.2 | $ | (23.1 | ) | $ | 6.5 | $ | (16.4 | ) | ||||||||
For the fiscal nine months ended September 29, 2012: | ||||||||||||||||||
Balance, January 1, 2012 | $ | - | $ | (23.5 | ) | $ | (6.1 | ) | $ | (29.6 | ) | |||||||
Other comprehensive (loss) income before reclassifications | (0.1 | ) | (1.0 | ) | 12.7 | 11.6 | ||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | 0.1 | 1 | - | 1.1 | ||||||||||||||
Net comprehensive income | - | - | 12.7 | 12.7 | ||||||||||||||
Balance, September 29, 2012 | $ | - | $ | (23.5 | ) | $ | 6.6 | $ | (16.9 | ) | ||||||||
Reclassifications Out of Accumulated Other Comprehensive Loss | ||||||||||||||||||
(In millions) | Amount Reclassified from Accumulated Other Comprehensive Loss (a) | |||||||||||||||||
For the Fiscal Quarter Ended | For the Fiscal | For the Fiscal Nine Months Ended | For the Fiscal Nine Months Ended | Line Item in the Statement of Operations | ||||||||||||||
October 5, | Quarter Ended | October 5, | September 29, | |||||||||||||||
2013 | September 29, | 2013 | 2012 | |||||||||||||||
2012 | ||||||||||||||||||
Gains (losses) on foreign exchange contracts | $ | 0.3 | $ | - | $ | 0.5 | $ | (0.1 | ) | Cost of goods sold | ||||||||
(0.1 | ) | - | (0.1 | ) | - | Provision for income taxes | ||||||||||||
0.2 | - | 0.4 | (0.1 | ) | Net of tax | |||||||||||||
(0.3 | ) | (0.5 | ) | (0.8 | ) | (1.6 | ) | Selling, general and administrative expenses | ||||||||||
Amortization of defined benefit pension actuarial losses | ||||||||||||||||||
0.1 | 0.2 | 0.3 | 0.6 | Provision for income taxes | ||||||||||||||
(0.2 | ) | (0.3 | ) | (0.5 | ) | (1.0 | ) | Net of tax | ||||||||||
$ | - | $ | (0.3 | ) | $ | (0.1 | ) | $ | (1.1 | ) | ||||||||
Total reclassifications | ||||||||||||||||||
(a) - Amounts in parenthesis indicate debits to profit/loss. |
SUPPLEMENTAL_CONDENSED_FINANCI
SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||||||||||||||||||||||||||
SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||
SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION | ' | ||||||||||||||||||||||||||||||||||||||||
SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION | |||||||||||||||||||||||||||||||||||||||||
Certain of our 100%-owned subsidiaries function as co-issuers and co-obligors (fully and unconditionally guaranteed on a joint and several basis) of the outstanding debt of The Jones Group Inc. ("Jones"), including Jones Apparel Group, USA, Inc. ("Jones USA"), Jones Apparel Group Holdings, Inc. ("Jones Holdings") and JAG Footwear, Accessories and Retail Corporation ("JAG Footwear"). We have no subsidiaries that are guarantors only and not co-issuers or co-obligors. | |||||||||||||||||||||||||||||||||||||||||
The following condensed consolidating balance sheets, statements of operations, statements of consolidated comprehensive income and statements of cash flows for Jones, the "Issuers" (consisting of Jones USA, Jones Holdings, JAG Footwear, which are all our subsidiaries that act as co-issuers and co-obligors) and the "Others" (consisting of all of our other subsidiaries, excluding all obligor subsidiaries) have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information. There are no contractual restrictions on distributions from Jones USA, Jones Holdings or JAG Footwear to Jones. | |||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheets | |||||||||||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||||||||||
5-Oct-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||||||||||
Current assets: | |||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | - | $ | 8.6 | $ | 19.2 | $ | - | $ | 27.8 | $ | - | $ | 82.6 | $ | 67 | $ | - | $ | 149.6 | |||||||||||||||||||||
Accounts receivable | - | 266.2 | 194.9 | - | 461.1 | - | 191 | 190 | - | 381 | |||||||||||||||||||||||||||||||
Inventories, primarily finished goods | - | 301.4 | 268.5 | (1.1 | ) | 568.8 | - | 261.7 | 226.2 | (1.2 | ) | 486.7 | |||||||||||||||||||||||||||||
Prepaid and refundable income taxes | - | 22.8 | 1.6 | (21.7 | ) | 2.7 | - | 18.6 | 0.3 | (13.4 | ) | 5.5 | |||||||||||||||||||||||||||||
Deferred taxes | - | 25.3 | 13.2 | - | 38.5 | - | 17.9 | 15.3 | - | 33.2 | |||||||||||||||||||||||||||||||
Prepaid expenses and other current assets | 0.5 | 27.5 | 26.5 | (0.7 | ) | 53.8 | - | 23.6 | 18.2 | (1.1 | ) | 40.7 | |||||||||||||||||||||||||||||
Total current assets | 0.5 | 651.8 | 523.9 | (23.5 | ) | 1,152.70 | - | 595.4 | 517 | (15.7 | ) | 1,096.70 | |||||||||||||||||||||||||||||
Property, plant and equipment | - | 59.3 | 201.1 | - | 260.4 | - | 64.6 | 213.5 | - | 278.1 | |||||||||||||||||||||||||||||||
Due from affiliates | - | 348.4 | 484.1 | (832.5 | ) | - | - | 497.7 | 319 | (816.7 | ) | - | |||||||||||||||||||||||||||||
Goodwill | - | 49.9 | 165.2 | - | 215.1 | - | 49.9 | 165.4 | - | 215.3 | |||||||||||||||||||||||||||||||
Other intangibles | - | 5.4 | 853.1 | - | 858.5 | - | 6 | 863.7 | - | 869.7 | |||||||||||||||||||||||||||||||
Deferred taxes | - | 89.4 | - | (89.4 | ) | - | - | 93 | - | (93.0 | ) | - | |||||||||||||||||||||||||||||
Investments in subsidiaries | 1,839.20 | 1,870.10 | 54.9 | (3,709.3 | ) | 54.9 | 1,811.40 | 1,745.40 | 38.9 | (3,556.8 | ) | 38.9 | |||||||||||||||||||||||||||||
Other assets | - | 69.6 | 23.4 | - | 93 | - | 67.7 | 29.1 | - | 96.8 | |||||||||||||||||||||||||||||||
Total assets | $ | 1,839.70 | $ | 3,143.90 | $ | 2,305.70 | $ | (4,654.7 | ) | $ | 2,634.60 | $ | 1,811.40 | $ | 3,119.70 | $ | 2,146.60 | $ | (4,482.2 | ) | $ | 2,595.50 | |||||||||||||||||||
LIABILITIES AND EQUITY | |||||||||||||||||||||||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | $ | - | $ | 78 | $ | - | $ | - | $ | 78 | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||
Current portion of long-term debt and capital lease obligations | - | - | 2.2 | - | 2.2 | - | - | 2.2 | - | 2.2 | |||||||||||||||||||||||||||||||
Current portion of acquisition consideration payable | - | 2.4 | - | - | 2.4 | - | 30.3 | - | - | 30.3 | |||||||||||||||||||||||||||||||
Accounts payable | 0.4 | 143.3 | 109.3 | - | 253 | - | 156.2 | 101.3 | - | 257.5 | |||||||||||||||||||||||||||||||
Income taxes payable | - | - | 46.2 | (42.0 | ) | 4.2 | - | 22.1 | 12.9 | (33.6 | ) | 1.4 | |||||||||||||||||||||||||||||
Accrued expenses and other current liabilities | 6.6 | 67.1 | 74.5 | (0.7 | ) | 147.5 | 8.5 | 70.6 | 82.8 | (1.1 | ) | 160.8 | |||||||||||||||||||||||||||||
Total current liabilities | 7 | 290.8 | 232.2 | (42.7 | ) | 487.3 | 8.5 | 279.2 | 199.2 | (34.7 | ) | 452.2 | |||||||||||||||||||||||||||||
Long-term debt | - | 931.3 | - | - | 931.3 | - | 934.4 | - | - | 934.4 | |||||||||||||||||||||||||||||||
Obligations under capital leases | - | - | 19.6 | - | 19.6 | - | - | 21.3 | - | 21.3 | |||||||||||||||||||||||||||||||
Income taxes payable | - | 0.3 | - | - | 0.3 | - | 0.5 | - | - | 0.5 | |||||||||||||||||||||||||||||||
Deferred taxes | - | - | 162.6 | (95.4 | ) | 67.2 | - | - | 155.7 | (99.0 | ) | 56.7 | |||||||||||||||||||||||||||||
Acquisition consideration payable | - | 4 | - | - | 4 | - | 6 | - | - | 6 | |||||||||||||||||||||||||||||||
Due to affiliates | 832.5 | - | - | (832.5 | ) | - | 816.7 | - | - | (816.7 | ) | - | |||||||||||||||||||||||||||||
Other noncurrent liabilities | 5 | 78.2 | 21.2 | - | 104.4 | 5 | 88.1 | 25 | - | 118.1 | |||||||||||||||||||||||||||||||
Total liabilities | 844.5 | 1,304.60 | 435.6 | (970.6 | ) | 1,614.10 | 830.2 | 1,308.20 | 401.2 | (950.4 | ) | 1,589.20 | |||||||||||||||||||||||||||||
Redeemable noncontrolling interest | - | - | 0.7 | - | 0.7 | - | - | 0.6 | - | 0.6 | |||||||||||||||||||||||||||||||
Equity: | |||||||||||||||||||||||||||||||||||||||||
Common stock and additional paid-in capital | 527.9 | 1,294.30 | 929.7 | (2,224.0 | ) | 527.9 | 521.6 | 1,294.30 | 948 | (2,242.3 | ) | 521.6 | |||||||||||||||||||||||||||||
Retained earnings | 483.7 | 561.4 | 935 | (1,472.8 | ) | 507.3 | 477.5 | 535.1 | 793.1 | (1,304.6 | ) | 501.1 | |||||||||||||||||||||||||||||
Accumulated other comprehensive (loss) income | (16.4 | ) | (16.4 | ) | 3.7 | 12.7 | (16.4 | ) | (17.9 | ) | (17.9 | ) | 2.8 | 15.1 | (17.9 | ) | |||||||||||||||||||||||||
Total Jones stockholders' equity | 995.2 | 1,839.30 | 1,868.40 | (3,684.1 | ) | 1,018.80 | 981.2 | 1,811.50 | 1,743.90 | (3,531.8 | ) | 1,004.80 | |||||||||||||||||||||||||||||
Noncontrolling interests | - | - | 1 | - | 1 | - | - | 0.9 | - | 0.9 | |||||||||||||||||||||||||||||||
Total equity | 995.2 | 1,839.30 | 1,869.40 | (3,684.1 | ) | 1,019.80 | 981.2 | 1,811.50 | 1,744.80 | (3,531.8 | ) | 1,005.70 | |||||||||||||||||||||||||||||
Total liabilities and equity | $ | 1,839.70 | $ | 3,143.90 | $ | 2,305.70 | $ | (4,654.7 | ) | $ | 2,634.60 | $ | 1,811.40 | $ | 3,119.70 | $ | 2,146.60 | $ | (4,482.2 | ) | $ | 2,595.50 | |||||||||||||||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||||||||||
Fiscal Quarter Ended October 5, 2013 | Fiscal Quarter Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
$ | - | $ | 613.9 | $ | 405.2 | $ | (8.1 | ) | $ | 1,011.00 | $ | - | $ | 633.2 | $ | 399.1 | $ | (7.7 | ) | $ | 1,024.60 | ||||||||||||||||||||
Net sales | |||||||||||||||||||||||||||||||||||||||||
Licensing income | - | 0.1 | 10.6 | - | 10.7 | - | - | 10.5 | - | 10.5 | |||||||||||||||||||||||||||||||
Other revenues | - | - | - | - | - | - | 0.3 | - | - | 0.3 | |||||||||||||||||||||||||||||||
Total revenues | - | 614 | 415.8 | (8.1 | ) | 1,021.70 | - | 633.5 | 409.6 | (7.7 | ) | 1,035.40 | |||||||||||||||||||||||||||||
Cost of goods sold | - | 417 | 251.2 | (5.8 | ) | 662.4 | - | 430.3 | 246.1 | (5.6 | ) | 670.8 | |||||||||||||||||||||||||||||
Gross profit | - | 197 | 164.6 | (2.3 | ) | 359.3 | - | 203.2 | 163.5 | (2.1 | ) | 364.6 | |||||||||||||||||||||||||||||
Selling, general and administrative expenses | - | 203.3 | 95.2 | (2.0 | ) | 296.5 | - | 214.2 | 89.8 | (2.1 | ) | 301.9 | |||||||||||||||||||||||||||||
Operating (loss) income | - | (6.3 | ) | 69.4 | (0.3 | ) | 62.8 | - | (11.0 | ) | 73.7 | - | 62.7 | ||||||||||||||||||||||||||||
Net interest expense and financing costs | - | 13.5 | 1.3 | - | 14.8 | - | 36.3 | 1.4 | - | 37.7 | |||||||||||||||||||||||||||||||
Equity in loss of unconsolidated affiliate | - | - | (0.9 | ) | - | (0.9 | ) | - | - | - | - | - | |||||||||||||||||||||||||||||
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries | - | (19.8 | ) | 67.2 | (0.3 | ) | 47.1 | - | (47.3 | ) | 72.3 | - | 25 | ||||||||||||||||||||||||||||
(Benefit) provision for income taxes | - | (1.0 | ) | 18.3 | 0.1 | 17.4 | - | (10.3 | ) | 17.5 | - | 7.2 | |||||||||||||||||||||||||||||
Equity in earnings of subsidiaries | 29.1 | 47.9 | - | (77.0 | ) | - | 17.3 | 54.3 | - | (71.6 | ) | - | |||||||||||||||||||||||||||||
Net income | 29.1 | 29.1 | 48.9 | (77.4 | ) | 29.7 | 17.3 | 17.3 | 54.8 | (71.6 | ) | 17.8 | |||||||||||||||||||||||||||||
Less: income attributable to noncontrolling interest | - | - | 0.4 | - | 0.4 | - | - | 0.4 | - | 0.4 | |||||||||||||||||||||||||||||||
Income attributable to Jones | $ | 29.1 | $ | 29.1 | $ | 48.5 | $ | (77.4 | ) | $ | 29.3 | $ | 17.3 | $ | 17.3 | $ | 54.4 | $ | (71.6 | ) | $ | 17.4 | |||||||||||||||||||
Fiscal Nine Months Ended October 5, 2013 | Fiscal Nine Months Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
$ | - | $ | 1,674.40 | $ | 1,189.60 | $ | (20.2 | ) | $ | 2,843.80 | $ | - | $ | 1,720.40 | $ | 1,092.40 | $ | (20.5 | ) | $ | 2,792.30 | ||||||||||||||||||||
Net sales | |||||||||||||||||||||||||||||||||||||||||
Licensing income | - | 0.4 | 31.2 | - | 31.6 | - | - | 33 | - | 33 | |||||||||||||||||||||||||||||||
Other revenues | - | 0.6 | - | - | 0.6 | - | 0.9 | - | - | 0.9 | |||||||||||||||||||||||||||||||
Total revenues | - | 1,675.40 | 1,220.80 | (20.2 | ) | 2,876.00 | - | 1,721.30 | 1,125.40 | (20.5 | ) | 2,826.20 | |||||||||||||||||||||||||||||
Cost of goods sold | - | 1,133.20 | 748.6 | (14.2 | ) | 1,867.60 | - | 1,141.50 | 663.6 | (13.1 | ) | 1,792.00 | |||||||||||||||||||||||||||||
Gross profit | - | 542.2 | 472.2 | (6.0 | ) | 1,008.40 | - | 579.8 | 461.8 | (7.4 | ) | 1,034.20 | |||||||||||||||||||||||||||||
Selling, general and administrative expenses | - | 627 | 297.1 | (6.2 | ) | 917.9 | - | 637 | 278.9 | (6.3 | ) | 909.6 | |||||||||||||||||||||||||||||
Operating (loss) income | - | (84.8 | ) | 175.1 | 0.2 | 90.5 | - | (57.2 | ) | 182.9 | (1.1 | ) | 124.6 | ||||||||||||||||||||||||||||
Net interest expense and financing costs | - | 42.4 | 3.9 | - | 46.3 | - | 88.7 | 0.5 | - | 89.2 | |||||||||||||||||||||||||||||||
Equity in loss of unconsolidated affiliate | - | - | (0.8 | ) | - | (0.8 | ) | - | - | 1.4 | - | 1.4 | |||||||||||||||||||||||||||||
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries | - | (127.2 | ) | 170.4 | 0.2 | 43.4 | - | (145.9 | ) | 183.8 | (1.1 | ) | 36.8 | ||||||||||||||||||||||||||||
(Benefit) provision for income taxes | - | (39.6 | ) | 55.6 | - | 16 | - | (38.4 | ) | 50.4 | (0.4 | ) | 11.6 | ||||||||||||||||||||||||||||
Equity in earnings of subsidiaries | 26.4 | 114 | - | (140.4 | ) | - | 25.1 | 132.6 | - | (157.7 | ) | - | |||||||||||||||||||||||||||||
Net income | 26.4 | 26.4 | 114.8 | (140.2 | ) | 27.4 | 25.1 | 25.1 | 133.4 | (158.4 | ) | 25.2 | |||||||||||||||||||||||||||||
Less: income attributable to noncontrolling interest | - | - | 1 | - | 1 | - | - | 0.9 | - | 0.9 | |||||||||||||||||||||||||||||||
Income attributable to Jones | $ | 26.4 | $ | 26.4 | $ | 113.8 | $ | (140.2 | ) | $ | 26.4 | $ | 25.1 | $ | 25.1 | $ | 132.5 | $ | (158.4 | ) | $ | 24.3 | |||||||||||||||||||
Condensed Consolidating Statements of Other Comprehensive Income | |||||||||||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||||||||||
Fiscal Quarter Ended October 5, 2013 | Fiscal Quarter Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
$ | 29.1 | $ | 29.1 | $ | 48.9 | $ | (77.4 | ) | $ | 29.7 | $ | 17.3 | $ | 17.3 | $ | 54.8 | $ | (71.6 | ) | $ | 17.8 | ||||||||||||||||||||
Net income | |||||||||||||||||||||||||||||||||||||||||
Other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||
Change in fair value of cash flow hedges, net of tax | (0.1 | ) | (0.1 | ) | (0.1 | ) | 0.2 | (0.1 | ) | (0.3 | ) | (0.3 | ) | (0.3 | ) | 0.6 | (0.3 | ) | |||||||||||||||||||||||
Reclassification adjustment for hedge gains and losses included in net income, net of tax | (0.2 | ) | (0.2 | ) | (0.2 | ) | 0.4 | (0.2 | ) | - | - | - | - | - | |||||||||||||||||||||||||||
Pension and postretirement liability adjustments, net of tax | 0.2 | 0.2 | - | (0.2 | ) | 0.2 | - | - | - | - | - | ||||||||||||||||||||||||||||||
Foreign currency translation adjustments | 14.1 | 14.1 | 14.1 | (28.2 | ) | 14.1 | 11.6 | 11.6 | 11.4 | (23.0 | ) | 11.6 | |||||||||||||||||||||||||||||
Total other comprehensive income | 14 | 14 | 13.8 | (27.8 | ) | 14 | 11.3 | 11.3 | 11.1 | (22.4 | ) | 11.3 | |||||||||||||||||||||||||||||
Comprehensive income | $ | 43.1 | $ | 43.1 | $ | 62.7 | $ | (105.2 | ) | $ | 43.7 | $ | 28.6 | $ | 28.6 | $ | 65.9 | $ | (94.0 | ) | $ | 29.1 | |||||||||||||||||||
Fiscal Nine Months Ended October 5, 2013 | Fiscal Nine Months Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
$ | 26.4 | $ | 26.4 | $ | 114.8 | $ | (140.2 | ) | $ | 27.4 | $ | 25.1 | $ | 25.1 | $ | 133.4 | $ | (158.4 | ) | $ | 25.2 | ||||||||||||||||||||
Net income | |||||||||||||||||||||||||||||||||||||||||
Other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||
Change in fair value of cash flow hedges, net of tax | 0.5 | 0.5 | 0.5 | (1.0 | ) | 0.5 | (0.1 | ) | (0.1 | ) | (0.1 | ) | 0.2 | (0.1 | ) | ||||||||||||||||||||||||||
Reclassification adjustment for hedge gains and losses included in net income, net of tax | (0.4 | ) | (0.4 | ) | (0.4 | ) | 0.8 | (0.4 | ) | 0.1 | 0.1 | 0.1 | (0.2 | ) | 0.1 | ||||||||||||||||||||||||||
Pension and postretirement liability adjustments, net of tax | 0.5 | 0.5 | - | (0.5 | ) | 0.5 | - | - | - | - | - | ||||||||||||||||||||||||||||||
Foreign currency translation adjustments | 0.9 | 0.9 | 0.9 | (1.8 | ) | 0.9 | 12.7 | 12.7 | 12.5 | (25.2 | ) | 12.7 | |||||||||||||||||||||||||||||
Total other comprehensive income | 1.5 | 1.5 | 1 | (2.5 | ) | 1.5 | 12.7 | 12.7 | 12.5 | (25.2 | ) | 12.7 | |||||||||||||||||||||||||||||
Comprehensive income | $ | 27.9 | $ | 27.9 | $ | 115.8 | $ | (142.7 | ) | $ | 28.9 | $ | 37.8 | $ | 37.8 | $ | 145.9 | $ | (183.6 | ) | $ | 37.9 | |||||||||||||||||||
Condensed Consolidating Statements of Cash Flows | |||||||||||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||||||||||
Fiscal Nine Months Ended October 5, 2013 | Fiscal Nine Months Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | - | $ | (104.9 | ) | $ | 19 | $ | (6.6 | ) | $ | (92.5 | ) | $ | - | $ | (46.5 | ) | $ | 72.2 | $ | (12.6 | ) | $ | 13.1 | ||||||||||||||||
Cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||
Capital expenditures | - | (11.8 | ) | (33.4 | ) | - | (45.2 | ) | - | (14.6 | ) | (42.5 | ) | - | (57.1 | ) | |||||||||||||||||||||||||
Notes receivable issued | - | (6.1 | ) | (1.0 | ) | - | (7.1 | ) | - | - | - | - | - | ||||||||||||||||||||||||||||
Acquisition of additional equity interest in GRI | - | - | (14.7 | ) | - | (14.7 | ) | - | - | - | - | - | |||||||||||||||||||||||||||||
Contingent consideration paid related to investment in GRI | - | - | - | - | - | - | - | (3.5 | ) | - | (3.5 | ) | |||||||||||||||||||||||||||||
Acquisition of Brian Atwood net of cash acquired | - | (0.5 | ) | - | - | (0.5 | ) | - | (5.0 | ) | 0.6 | - | (4.4 | ) | |||||||||||||||||||||||||||
Proceeds from sale of trademark | - | - | - | - | - | - | - | 5 | - | 5 | |||||||||||||||||||||||||||||||
Other | - | - | 0.1 | - | 0.1 | - | - | (0.1 | ) | - | (0.1 | ) | |||||||||||||||||||||||||||||
Net cash used in investing activities | - | (18.4 | ) | (49.0 | ) | - | (67.4 | ) | - | (19.6 | ) | (40.5 | ) | - | (60.1 | ) | |||||||||||||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||
Net increase in short-term borrowings | - | 78 | - | - | 78 | - | - | - | - | - | |||||||||||||||||||||||||||||||
Issuance of 6.875% Senior Notes due 2019 | - | - | - | - | - | - | 103.5 | - | - | 103.5 | |||||||||||||||||||||||||||||||
Debt issuance costs | - | - | - | - | - | - | (2.3 | ) | - | - | (2.3 | ) | |||||||||||||||||||||||||||||
Costs related to revolving credit agreement | - | (0.3 | ) | - | - | (0.3 | ) | - | (0.3 | ) | - | - | (0.3 | ) | |||||||||||||||||||||||||||
Dividends paid | - | (11.6 | ) | (6.6 | ) | 6.6 | (11.6 | ) | - | (11.7 | ) | (12.6 | ) | 12.6 | (11.7 | ) | |||||||||||||||||||||||||
Repurchase of common shares | - | (14.5 | ) | - | - | (14.5 | ) | - | (34.0 | ) | - | - | (34.0 | ) | |||||||||||||||||||||||||||
Payments of acquisition consideration payable | - | (2.4 | ) | (7.0 | ) | - | (9.4 | ) | - | - | (14.6 | ) | - | (14.6 | ) | ||||||||||||||||||||||||||
Other items, net | - | 0.1 | (2.4 | ) | - | (2.3 | ) | - | 2.3 | (2.1 | ) | - | 0.2 | ||||||||||||||||||||||||||||
Net cash provided by (used in) financing activities | - | 49.3 | (16.0 | ) | 6.6 | 39.9 | - | 57.5 | (29.3 | ) | 12.6 | 40.8 | |||||||||||||||||||||||||||||
- | - | (1.8 | ) | - | (1.8 | ) | - | - | 1.5 | - | 1.5 | ||||||||||||||||||||||||||||||
Effect of exchange rates on cash | |||||||||||||||||||||||||||||||||||||||||
- | (74.0 | ) | (47.8 | ) | - | (121.8 | ) | - | (8.6 | ) | 3.9 | - | (4.7 | ) | |||||||||||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents, beginning | - | 82.6 | 67 | - | 149.6 | - | 195.8 | 43 | - | 238.8 | |||||||||||||||||||||||||||||||
Cash and cash equivalents, ending | $ | - | $ | 8.6 | $ | 19.2 | $ | - | $ | 27.8 | $ | - | $ | 187.2 | $ | 46.9 | $ | - | $ | 234.1 |
NEW_ACCOUNTING_STANDARDS
NEW ACCOUNTING STANDARDS | 9 Months Ended |
Oct. 05, 2013 | |
NEW ACCOUNTING STANDARDS [Abstract] | ' |
NEW ACCOUNTING STANDARDS [Text Block] | ' |
NEW ACCOUNTING STANDARDS | |
In March 2013, the FASB issued ASU 2013-05, "Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity." ASU 2013-05 requires an entity to release any related cumulative translation adjustment into net income when it ceases to have a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. For an equity method investment that is a foreign entity, a pro rata portion of the cumulative translation adjustment should be released into net income upon a partial sale of such an equity method investment. Additionally, the amendments clarify that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (that is, irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition). Accordingly, the cumulative translation adjustment should be released into net income upon the occurrence of those events. For public entities, the amendments are effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. Early adoption is permitted. If an entity elects to early adopt the amendments, it should apply them as of the beginning of the entity's fiscal year of adoption. The adoption of ASU 2013-05 will not have a material impact on our results of operations or our financial position. | |
In July 2013, the FASB issued ASU 2013-11, "Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists." ASU 2013-11 requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements 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 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 amendments in this Update are effective for fiscal years (and interim periods within those years) beginning after December 15, 2013. The adoption of ASU 2013-11 will not have a material impact on our results of operations or our financial position. |
EARNINGS_PER_SHARE_Tables
EARNINGS PER SHARE (Tables) | 9 Months Ended | ||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||
EARNINGS PER SHARE [Abstract] | ' | ||||||||||||||||
Schedule Of (Loss) Earnings Per Share | ' | ||||||||||||||||
The computation of basic and diluted earnings per share is as follows: | |||||||||||||||||
(In millions, except per share amounts) | Fiscal Quarter Ended | Fiscal Nine Months Ended | |||||||||||||||
October 5, | 29-Sep-12 | October 5, | 29-Sep-12 | ||||||||||||||
2013 | 2013 | ||||||||||||||||
$ | 29.7 | $ | 17.8 | $ | 27.4 | $ | 25.2 | ||||||||||
Net income | |||||||||||||||||
Less: income attributable to noncontrolling interest | 0.4 | 0.4 | 1 | 0.9 | |||||||||||||
Income attributable to Jones | 29.3 | 17.4 | 26.4 | 24.3 | |||||||||||||
Less: income allocated to participating securities | 1 | 0.4 | 0.9 | 0.4 | |||||||||||||
Income available to common stockholders of Jones | $ | 28.3 | $ | 17 | $ | 25.5 | $ | 23.9 | |||||||||
72.8 | 74.4 | 73.1 | 75.2 | ||||||||||||||
Weighted-average shares outstanding - basic | |||||||||||||||||
Effect of dilutive employee restricted stock | 1.3 | 1 | 1.3 | 0.9 | |||||||||||||
Weighted-average shares outstanding - diluted | 74.1 | 75.4 | 74.4 | 76.1 | |||||||||||||
Earnings per common share attributable to Jones | |||||||||||||||||
Basic | $ | 0.39 | $ | 0.23 | $ | 0.35 | $ | 0.32 | |||||||||
Diluted | 0.38 | 0.22 | 0.34 | 0.31 |
ACQUISITIONS_Tables
ACQUISITIONS (Tables) | 9 Months Ended | ||||||||
Oct. 05, 2013 | |||||||||
ACQUISITIONS [Abstract] | ' | ||||||||
Schedule of Business Acquisitions | ' | ||||||||
The following table summarizes the fair values of the assets acquired and liabilities assumed from Brian Atwood on July 2, 2012. | |||||||||
(In millions) | Weighted-average | Fair | |||||||
amortization life (in months) | Value | ||||||||
$ | 0.6 | ||||||||
Cash | |||||||||
Accounts receivable | 0.5 | ||||||||
Other current assets | 0.4 | ||||||||
Property, plant and equipment | 0.1 | ||||||||
Intangible assets: | |||||||||
Trademarks | 240 | 7.5 | |||||||
Goodwill | 3.2 | ||||||||
Customer relationships | 6 | 0.4 | |||||||
Order backlog | 3 | 0.7 | |||||||
Total assets acquired | 13.4 | ||||||||
Accounts payable | 1.7 | ||||||||
Notes payable | 2.8 | ||||||||
Other current liabilities | 1.8 | ||||||||
Deferred taxes | 0.3 | ||||||||
Other long-term liabilities | 0.1 | ||||||||
Total liabilities assumed | 6.7 | ||||||||
Fair value of noncontrolling interest | 1.2 | ||||||||
Total purchase price | $ | 5.5 |
ACCOUNTS_RECEIVABLE_Tables
ACCOUNTS RECEIVABLE (Tables) | 9 Months Ended | ||||||||||||
Oct. 05, 2013 | |||||||||||||
ACCOUNTS RECEIVABLE [Abstract] | ' | ||||||||||||
Schedule of accounts receivable | ' | ||||||||||||
Accounts receivable consist of the following: | |||||||||||||
October 5, | 29-Sep-12 | 31-Dec-12 | |||||||||||
2013 | |||||||||||||
(In millions) | |||||||||||||
$ | 499.7 | $ | 520.7 | $ | 408.4 | ||||||||
Trade accounts receivable | |||||||||||||
Allowances for doubtful accounts, returns, discounts and co-op advertising | (38.6 | ) | (34.5 | ) | (27.4 | ) | |||||||
$ | 461.1 | $ | 486.2 | $ | 381 |
ACCRUED_RESTRUCTURING_COSTS_Ta
ACCRUED RESTRUCTURING COSTS (Tables) | 9 Months Ended | ||||
Oct. 05, 2013 | |||||
ACCRUED RESTRUCTURING COSTS [Abstract] | ' | ||||
Details of Jewelry Restructuring | ' | ||||
During 2009, we decided to discontinue the domestic manufacturing, product development and sourcing activities of our jewelry business, and also announced the closing of our jewelry distribution center during 2010. We accrued $0.2 million of lease termination costs in the fiscal nine months ended September 29, 2012. The details of the jewelry restructuring accruals are as follows: | |||||
(In millions) | Lease | ||||
obligations | |||||
Balance, January 1, 2012 | $ | 1.5 | |||
Additions | 0.2 | ||||
Payments and reductions | (0.4 | ) | |||
Balance, September 29, 2012 | $ | 1.3 | |||
Balance, January 1, 2013 | $ | 1.4 | |||
Payments and reductions | (0.3 | ) | |||
Balance, October 5, 2013 | $ | 1.1 | |||
Details of Retail Stores Restructurings | ' | ||||
The details of the retail store restructuring accruals are as follows: | |||||
(In millions) | Termination benefits | ||||
Balance, January 1, 2012 | $ | 1.3 | |||
Additions | 1.6 | ||||
Payments and reductions | (1.8 | ) | |||
Balance, September 29, 2012 | $ | 1.1 | |||
$ | 0.9 | ||||
Balance, January 1, 2013 | |||||
Additions | 3.4 | ||||
Payments and reductions | (1.4 | ) | |||
Balance, October 5, 2013 | $ | 2.9 | |||
Details of Other Cost Reduction Initiatives | ' | ||||
The details of the cost reduction initiative accruals are as follows: | |||||
(In millions) | Termination benefits | ||||
Balance, January 1, 2013 | $ | - | |||
Additions | 4.3 | ||||
Payments and reductions | (4.1 | ) | |||
Balance, October 5, 2013 | $ | 0.2 |
GOODWILL_Tables
GOODWILL (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||||||||||||||
GOODWILL [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Goodwill | ' | ||||||||||||||||||||||||||||
The following table presents, by segment and in total, the carrying amount of goodwill for the fiscal nine months ended September 29, 2012 and October 5, 2013. | |||||||||||||||||||||||||||||
(In millions) | Domestic Wholesale Sportswear | Domestic Wholesale Jeanswear | Domestic Wholesale Footwear & Accessories | Domestic Retail | International Wholesale | International Retail | Total | ||||||||||||||||||||||
Balance, January 1, 2012 | |||||||||||||||||||||||||||||
Goodwill | $ | 46.7 | $ | 519.2 | $ | 859.8 | $ | 120.6 | $ | 111.6 | $ | 50.4 | $ | 1,708.30 | |||||||||||||||
Accumulated impairment losses | - | (519.2 | ) | (813.2 | ) | (120.6 | ) | - | - | (1,453.0 | ) | ||||||||||||||||||
Net goodwill | 46.7 | - | 46.6 | - | 111.6 | 50.4 | 255.3 | ||||||||||||||||||||||
Acquisition of Brian Atwood | - | - | 2.7 | - | - | - | 2.7 | ||||||||||||||||||||||
Foreign currency translation effects | - | - | - | - | 2.1 | 2.4 | 4.5 | ||||||||||||||||||||||
Balance, September 29, 2012 | |||||||||||||||||||||||||||||
Goodwill | 46.7 | 519.2 | 862.5 | 120.6 | 113.7 | 52.8 | 1,715.50 | ||||||||||||||||||||||
Accumulated impairment losses | - | (519.2 | ) | (813.2 | ) | (120.6 | ) | - | - | (1,453.0 | ) | ||||||||||||||||||
Net goodwill | $ | 46.7 | $ | - | $ | 49.3 | $ | - | $ | 113.7 | $ | 52.8 | $ | 262.5 | |||||||||||||||
Balance, January 1, 2013 | |||||||||||||||||||||||||||||
Goodwill | $ | 46.7 | $ | 519.2 | $ | 863 | $ | 120.6 | $ | 113.5 | $ | 52.7 | $ | 1,715.70 | |||||||||||||||
Accumulated impairment losses | - | (519.2 | ) | (813.2 | ) | (120.6 | ) | - | (47.4 | ) | (1,500.4 | ) | |||||||||||||||||
Net goodwill | 46.7 | - | 49.8 | - | 113.5 | 5.3 | 215.3 | ||||||||||||||||||||||
Foreign currency translation effects | - | - | - | - | (0.1 | ) | (0.1 | ) | (0.2 | ) | |||||||||||||||||||
Balance, October 5, 2013 | |||||||||||||||||||||||||||||
Goodwill | 46.7 | 519.2 | 863 | 120.6 | 113.4 | 52.5 | 1,715.40 | ||||||||||||||||||||||
Accumulated impairment losses | - | (519.2 | ) | (813.2 | ) | (120.6 | ) | - | (47.3 | ) | (1,500.3 | ) | |||||||||||||||||
Net goodwill | $ | 46.7 | $ | - | $ | 49.8 | $ | - | $ | 113.4 | $ | 5.2 | $ | 215.1 |
FAIR_VALUES_Tables
FAIR VALUES (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||||||||||||||
FAIR VALUES [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||||||||||
In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis at September 29, 2012, December 31, 2012 and October 5, 2013. | |||||||||||||||||||||||||||||
(In millions) | Classification | Total Value | Quoted prices in active markets for identical assets (Level 1) | Significant other observable inputs (Level 2) | Significant unobserv-able inputs (Level 3) | ||||||||||||||||||||||||
Description | |||||||||||||||||||||||||||||
September 29, 2012: | |||||||||||||||||||||||||||||
Rabbi Trust assets | Prepaid expenses and other current assets | $ | 8.2 | $ | 8.2 | $ | - | $ | - | ||||||||||||||||||||
British Pound – U.S. Dollar forward contracts | Prepaid expenses and other current assets | 0.1 | - | 0.1 | - | ||||||||||||||||||||||||
Interest rate cap | Other long-term assets | - | - | - | - | ||||||||||||||||||||||||
Total assets | $ | 8.3 | $ | 8.2 | $ | 0.1 | $ | - | |||||||||||||||||||||
Rabbi Trust liabilities | Accrued employee compensation and benefits | $ | 8.2 | $ | 8.2 | $ | - | $ | - | ||||||||||||||||||||
Canadian Dollar – U.S. Dollar forward contracts | Accrued expenses and other current liabilities | 0.1 | - | 0.1 | - | ||||||||||||||||||||||||
Deferred director fees | Accrued expenses and other current liabilities | 0.2 | 0.2 | - | - | ||||||||||||||||||||||||
Acquisition consideration | Current portion of acquisition consideration payable | 230.2 | - | - | 230.2 | ||||||||||||||||||||||||
Acquisition consideration | Acquisition consideration payable, net of current portion | 5 | - | - | 5 | ||||||||||||||||||||||||
Total liabilities | $ | 243.7 | $ | 8.4 | $ | 0.1 | $ | 235.2 | |||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||||||
Rabbi Trust assets | Prepaid expenses and other current assets | $ | 8.4 | $ | 8.4 | $ | - | $ | - | ||||||||||||||||||||
Interest rate cap | Other long-term assets | - | - | - | - | ||||||||||||||||||||||||
British Pound – U.S. Dollar forward contracts | Prepaid expenses and other current assets | - | - | - | - | ||||||||||||||||||||||||
Canadian Dollar – U.S. Dollar forward contracts | Prepaid expenses and other current assets | 0.2 | - | 0.2 | - | ||||||||||||||||||||||||
Total assets | $ | 8.6 | $ | 8.4 | $ | 0.2 | $ | - | |||||||||||||||||||||
Rabbi Trust liabilities | Accrued employee compensation and benefits | $ | 8.4 | $ | 8.4 | $ | - | $ | - | ||||||||||||||||||||
Deferred director fees | Accrued expenses and other current liabilities | 0.2 | 0.2 | - | - | ||||||||||||||||||||||||
Acquisition consideration | Current portion of acquisition consideration payable | 30.3 | - | - | 30.3 | ||||||||||||||||||||||||
Acquisition consideration | Acquisition consideration payable, net of current portion | 6 | - | - | 6 | ||||||||||||||||||||||||
Total liabilities | $ | 44.9 | $ | 8.6 | $ | - | $ | 36.3 | |||||||||||||||||||||
October 5, 2013: | |||||||||||||||||||||||||||||
Rabbi Trust assets | Prepaid expenses and other current assets | $ | 8.4 | $ | 8.4 | $ | - | $ | - | ||||||||||||||||||||
British Pound – U.S. Dollar forward contracts | Prepaid expenses and other current assets | 0.1 | - | 0.1 | - | ||||||||||||||||||||||||
Canadian Dollar – U.S. Dollar forward contracts | Prepaid expenses and other current assets | 0.1 | - | 0.1 | - | ||||||||||||||||||||||||
Interest rate swaps | Other long-term assets | 2.7 | - | 2.7 | - | ||||||||||||||||||||||||
Interest rate cap | Other long-term assets | - | - | - | - | ||||||||||||||||||||||||
Total assets | $ | 11.3 | $ | 8.4 | $ | 2.9 | $ | - | |||||||||||||||||||||
Rabbi Trust liabilities | Accrued employee compensation and benefits | $ | 8.4 | $ | 8.4 | $ | - | $ | - | ||||||||||||||||||||
Deferred director fees | Accrued expenses and other current liabilities | 0.3 | 0.3 | - | - | ||||||||||||||||||||||||
Interest rate swap | Other long-term liabilities | 0.4 | - | 0.4 | - | ||||||||||||||||||||||||
Hedged portion of 6.875% Senior Notes due 2019 | Long-term debt | 338.3 | - | 338.3 | - | ||||||||||||||||||||||||
Acquisition consideration | Current portion of acquisition consideration payable | 2.4 | - | - | 2.4 | ||||||||||||||||||||||||
Acquisition consideration | Acquisition consideration payable, net of current portion | 4 | - | - | 4 | ||||||||||||||||||||||||
Total liabilities | $ | 353.8 | $ | 8.7 | $ | 338.7 | $ | 6.4 | |||||||||||||||||||||
Changes in Level 3 contingent consideration liability | ' | ||||||||||||||||||||||||||||
The following table presents the changes in Level 3 contingent consideration liability for the fiscal nine months ended September 29, 2012 and October 5, 2013. | |||||||||||||||||||||||||||||
(In millions) | Acquisition of Moda | Acquisition of SWH | Total Acquisition Consideration Payable | ||||||||||||||||||||||||||
$ | 14.8 | $ | 195.6 | $ | 210.4 | ||||||||||||||||||||||||
Beginning balance, January 1, 2012 | |||||||||||||||||||||||||||||
Payments | (3.5 | ) | (15.7 | ) | (19.2 | ) | |||||||||||||||||||||||
Total adjustments included in earnings | (3.8 | ) | 47.8 | 44 | |||||||||||||||||||||||||
Balance, September 29, 2012 | $ | 7.5 | $ | 227.7 | $ | 235.2 | |||||||||||||||||||||||
$ | 7.4 | $ | 28.9 | $ | 36.3 | ||||||||||||||||||||||||
Beginning balance, January 1, 2013 | |||||||||||||||||||||||||||||
Payments | (2.5 | ) | (27.4 | ) | (29.9 | ) | |||||||||||||||||||||||
Total adjustments included in earnings | 0.5 | (0.5 | ) | - | |||||||||||||||||||||||||
Balance, October 5, 2013 | $ | 5.4 | $ | 1 | $ | 6.4 | |||||||||||||||||||||||
Quantitative information about Level 3 contingent consideration liability measurements | ' | ||||||||||||||||||||||||||||
The following table represents quantitative information about the Level 3 contingent consideration liability measurement for the acquisition of Moda at October 5, 2013. | |||||||||||||||||||||||||||||
(In millions) | Fair Value at October 5, 2013 | Valuation | Unobservable | Range | |||||||||||||||||||||||||
technique | inputs | (Weighted Average) | |||||||||||||||||||||||||||
Acquisition of Moda | 5.4 | Discounted projection of financial results | Net sales growth | 14% - 46% (32.8%) | |||||||||||||||||||||||||
$ | Gross margin multiplier | 1.31 – 1.38 (1.34) | |||||||||||||||||||||||||||
Discount rate | 12.00% | ||||||||||||||||||||||||||||
Fair Value Measurements, Assets and Liabilities Measured on a Nonrecurring Basis | ' | ||||||||||||||||||||||||||||
In accordance with the fair value hierarchy described above, the following table shows the fair value of our non-financial assets and liabilities that were required to be measured at fair value on a nonrecurring basis at September 29, 2012 and October 5, 2013, and the total losses recorded as a result of the remeasurement process. | |||||||||||||||||||||||||||||
(In millions) | Fair Value Measurements Using | ||||||||||||||||||||||||||||
Carrying Value | Quoted prices in active markets for identical assets (Level 1) | Significant other observable inputs (Level 2) | Significant unobserv-able inputs (Level 3) | Total | |||||||||||||||||||||||||
losses recorded for the fiscal nine months | |||||||||||||||||||||||||||||
Description | |||||||||||||||||||||||||||||
At September 29, 2012: | |||||||||||||||||||||||||||||
Property and equipment | $ | - | $ | - | $ | - | $ | - | $ | 0.4 | |||||||||||||||||||
At October 5, 2013: | |||||||||||||||||||||||||||||
Property and equipment | 0.8 | - | - | 0.8 | 6.9 | ||||||||||||||||||||||||
Fair value of financial assets and liabilities | ' | ||||||||||||||||||||||||||||
At October 5, 2013, September 29, 2012 and December 31, 2012, the fair values of cash and cash equivalents, receivables and accounts payable approximated their carrying values due to the short-term nature of these instruments. The estimated fair values of other financial instruments subject to fair value disclosures were valued using market comparable inputs. These inputs include broker quotes, quoted market prices, interest rates and exchange rates for the same or similar instruments. The fair value and related carrying amounts for items not disclosed elsewhere are as follows: | |||||||||||||||||||||||||||||
(In millions) | 5-Oct-13 | 29-Sep-12 | 31-Dec-12 | ||||||||||||||||||||||||||
Fair Value Level | Carrying Amount | Fair | Carrying Amount | Fair | Carrying Amount | Fair | |||||||||||||||||||||||
Value | Value | Value | |||||||||||||||||||||||||||
Senior Notes, including hedged items recorded at fair value | 1 | $ | 921.3 | $ | 861.4 | $ | 926.2 | $ | 879.6 | $ | 924.3 | $ | 884.5 | ||||||||||||||||
Other long-term debt, including current portion | 2 | 10 | 9.1 | 10.2 | 9.3 | 10.2 | 9.3 | ||||||||||||||||||||||
Notes receivable | 2 | 7.1 | 6.3 | - | - | - | - |
DERIVATIVES_Tables
DERIVATIVES (Tables) | 9 Months Ended | |||||||||||||||||
Oct. 05, 2013 | ||||||||||||||||||
DERIVATIVES [Abstract] | ' | |||||||||||||||||
Tabular disclosure of Swap transactions to convert 2019 Notes into variable-rate debt [Table Text Block] | ' | |||||||||||||||||
During 2013, we entered into various interest rate swap transactions to effectively convert a portion of our 2019 Notes to variable-rate debt. Under the terms of the transactions, we are required to make semiannual variable-rate payments to the counterparties (which are reset in arrears on each payment date) as shown in the table below, and the counterparties are obligated to make semiannual fixed-rate payments to us of 6.875%. The swap transactions all have a termination date of March 15, 2019, the date the 2019 Notes mature. | ||||||||||||||||||
Date of transaction | Effective date | Number of swaps | Amount of 2019 Notes | Variable rate payments | ||||||||||||||
hedged (in millions) | ||||||||||||||||||
17-Jul-13 | 19-Jul-13 | 3 | $ | 90 | Six-month LIBOR + 4.75% | |||||||||||||
13-Aug-13 | 15-Aug-13 | 3 | 90 | Six-month LIBOR + 4.5925% | ||||||||||||||
19-Aug-13 | 21-Aug-13 | 3 | 75 | Six-month LIBOR + 4.4275% | ||||||||||||||
5-Sep-13 | 9-Sep-13 | 3 | 70 | Six-month LIBOR + 4.2425% | ||||||||||||||
Change in interest expense related to interest rate derivatives [Table Text Block] | ' | |||||||||||||||||
We recorded net increases in interest expense related to the ineffectiveness of the swaps and the changes in the fair value of the cap as follows. | ||||||||||||||||||
(In millions) | Fiscal Quarter Ended | Fiscal Nine Months Ended | ||||||||||||||||
October 5, | September 29, | October 5, | September 29, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Interest rate swaps | $ | 0.2 | $ | - | $ | 0.2 | $ | 1.3 | ||||||||||
Interest rate cap | - | - | - | 0.2 | ||||||||||||||
Net (decrease) increase in interest expense | $ | 0.2 | $ | - | $ | 0.2 | $ | 1.5 | ||||||||||
Notional Amounts of Foreign Exchange Contracts Outstanding | ' | |||||||||||||||||
The notional amounts of our foreign exchange contracts outstanding at October 5, 2013, September 29, 2012 and December 31, 2012 are as follows. For additional information, see "Fair Values." | ||||||||||||||||||
(In millions) | Notional Amounts | |||||||||||||||||
October 5, | September 29, | December 31, | ||||||||||||||||
2013 | 2012 | 2012 | ||||||||||||||||
Canadian Dollar – U.S. Dollar forward exchange contracts | US$5.4 | US$4.1 | US$16.1 | |||||||||||||||
British Pound – U.S. Dollar forward exchange contracts | £6.0 | £9.0 | £6.0 | |||||||||||||||
Fair Values of Derivative Instruments | ' | |||||||||||||||||
Fair Values of Derivative Instruments | ||||||||||||||||||
(In millions) | 5-Oct-13 | 29-Sep-12 | 31-Dec-12 | |||||||||||||||
Balance Sheet Location | Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | ||||||||||||||
Fair Value | ||||||||||||||||||
Derivatives designated as hedging instruments | ||||||||||||||||||
Foreign exchange contracts | Prepaid expenses and other current assets | $ | 0.1 | Prepaid expenses and other current assets | $ | 0.2 | ||||||||||||
Interest rate swap contracts | Other long-term assets | 2.7 | - | |||||||||||||||
Total derivative assets | $ | 2.8 | $ | 0.2 | ||||||||||||||
Foreign exchange contracts | $ | - | Accrued expenses and other current liabilities | $ | 0.1 | |||||||||||||
Interest rate swap contracts | Other long-term liabilities | 0.4 | - | |||||||||||||||
Total derivative liabilities | $ | 0.4 | $ | 0.1 | ||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||
Foreign exchange contracts | Prepaid expenses and other current assets | $ | 0.1 | Prepaid expenses and other current assets | $ | 0.1 | $ | - | ||||||||||
Interest rate cap contract | Other long-term assets | - | Other long-term assets | - | Other long-term assets | - | ||||||||||||
Total derivative assets | $ | 0.1 | $ | 0.1 | $ | - | ||||||||||||
Effect of Derivatives on the Statement of Operations - Derivatives Designated as Hedging Instruments | ' | |||||||||||||||||
Effect of Derivatives on the Statement of Operations - Derivatives Designated as Hedging Instruments | ||||||||||||||||||
(In millions) | Amount of Pretax (Loss) due to Ineffectiveness Recognized in Income | |||||||||||||||||
Derivative type | Location of Pretax (Loss) | Fiscal Nine | Fiscal Nine | |||||||||||||||
due to Ineffectiveness | Months Ended | Months Ended | ||||||||||||||||
Recognized in Income | October 5, | 29-Sep-12 | ||||||||||||||||
2013 | ||||||||||||||||||
Interest rate swap contracts | Interest expense | $ | (0.2 | ) | $ | (1.3 | ) | |||||||||||
(In millions) | Amount of Pretax Gain (Loss) Recognized in Other Comprehensive Income | Amount of Pretax Gain (Loss) Reclassified from Other Comprehensive Income into Income | ||||||||||||||||
Derivative type | Fiscal Nine Months Ended | Fiscal Nine Months Ended | Location of Pretax | Fiscal Nine Months | Fiscal Nine Months Ended | |||||||||||||
October 5, | September 29, | (Loss) Reclassified | Ended | September 29, | ||||||||||||||
2013 | 2012 | from Other Comprehensive | October 5, | 2012 | ||||||||||||||
Income into Income | 2013 | |||||||||||||||||
Canadian Dollar – U.S. Dollar forward contracts | $ | 0.5 | $ | (0.2 | ) | Cost of sales | $ | 0.5 | $ | (0.1 | ) | |||||||
Effect of Derivatives on the Statement of Operations - Derivatives Not Designated as Hedging Instruments | ' | |||||||||||||||||
Effect of Derivatives on the Statement of Operations - Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||
(In millions) | Amount of Pretax Gain (Loss) | |||||||||||||||||
Recognized in Income | ||||||||||||||||||
Derivative type | Location of Pretax Gain (Loss) | Fiscal Nine | Fiscal Nine | |||||||||||||||
Recognized in Income | Months Ended | Months Ended | ||||||||||||||||
5-Oct-13 | 29-Sep-12 | |||||||||||||||||
Interest rate cap contract | Interest expense | $ | - | $ | (0.2 | ) | ||||||||||||
British Pound – U.S. Dollar forward contracts | Selling, general and administrative expenses | 0.1 | 0.1 |
STATEMENT_OF_CASH_FLOWS_Tables
STATEMENT OF CASH FLOWS (Tables) | 9 Months Ended | ||||||||
Oct. 05, 2013 | |||||||||
STATEMENT OF CASH FLOWS [Abstract] | ' | ||||||||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | ' | ||||||||
Fiscal Nine Months Ended | October 5, | 29-Sep-12 | |||||||
2013 | |||||||||
(In millions) | |||||||||
Supplemental disclosures of cash flow information: | |||||||||
Cash paid during the period for: | |||||||||
Interest | $ | 66.6 | $ | 41.4 | |||||
Net income tax payments | 8 | 4.8 | |||||||
Supplemental disclosures of non-cash investing and financing activities: | |||||||||
Restricted stock issued to employees | 29.7 | 22.1 | |||||||
Shares withheld for taxes upon vesting of restricted stock | 2.4 | 0.2 |
PENSION_PLANS_Tables
PENSION PLANS (Tables) | 9 Months Ended | ||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||
PENSION PLANS [Abstract] | ' | ||||||||||||||||
Components of Net Periodic Benefit Cost | ' | ||||||||||||||||
Components of Net Periodic Benefit Cost | |||||||||||||||||
(In millions) | Fiscal Quarter Ended | Fiscal Nine Months Ended | |||||||||||||||
October 5, | 29-Sep-12 | October 5, | 29-Sep-12 | ||||||||||||||
2013 | 2013 | ||||||||||||||||
$ | 0.6 | $ | 0.6 | $ | 1.8 | $ | 1.9 | ||||||||||
Interest cost | |||||||||||||||||
Expected return on plan assets | (0.8 | ) | (0.7 | ) | (2.3 | ) | (2.0 | ) | |||||||||
Amortization of net loss | 0.3 | 0.6 | 0.8 | 1.7 | |||||||||||||
Net periodic benefit cost | $ | 0.1 | $ | 0.5 | $ | 0.3 | $ | 1.6 |
SEGMENT_INFORMATION_Tables
SEGMENT INFORMATION (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||||||||||||||||||
SEGMENT INFORMATION [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Summarized below are our revenues and income by reportable segment for the fiscal quarters and nine months ended October 5, 2013 and September 29, 2012. We are an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, we do not represent that these segments, if operated independently, would report the operating profit and other financial information shown below. | |||||||||||||||||||||||||||||||||
(In millions) | Domestic Wholesale Sportswear | Domestic Wholesale Jeanswear | Domestic Wholesale Footwear & Accessories | Domestic Retail | International Wholesale | International Retail | Licensing, Other & Eliminations | Consolidated | |||||||||||||||||||||||||
For the fiscal quarter ended October 5, 2013 | |||||||||||||||||||||||||||||||||
Revenues | $ | 186.9 | $ | 214.2 | $ | 289.9 | $ | 136.8 | $ | 88.4 | $ | 94.8 | $ | 10.7 | $ | 1,021.70 | |||||||||||||||||
$ | 8.3 | $ | 19.6 | $ | 35.4 | $ | (16.3 | ) | $ | 11 | $ | 3.4 | $ | 1.4 | 62.8 | ||||||||||||||||||
Segment income (loss) | |||||||||||||||||||||||||||||||||
(14.8 | ) | ||||||||||||||||||||||||||||||||
Net interest expense | |||||||||||||||||||||||||||||||||
Equity in loss of unconsolidated affiliate | (0.9 | ) | |||||||||||||||||||||||||||||||
Income before provision for income taxes | $ | 47.1 | |||||||||||||||||||||||||||||||
For the fiscal quarter ended September 29, 2012 | |||||||||||||||||||||||||||||||||
Revenues | $ | 208.7 | $ | 202.3 | $ | 289.9 | $ | 140 | $ | 94.3 | $ | 89.7 | $ | 10.5 | $ | 1,035.40 | |||||||||||||||||
$ | 12.9 | $ | 15.3 | $ | 29.3 | $ | (15.5 | ) | $ | 9.4 | $ | 2.3 | $ | 9 | 62.7 | ||||||||||||||||||
Segment income (loss) | |||||||||||||||||||||||||||||||||
(37.7 | ) | ||||||||||||||||||||||||||||||||
Net interest expense | |||||||||||||||||||||||||||||||||
Income before provision for income taxes | $ | 25 | |||||||||||||||||||||||||||||||
For the fiscal nine months ended October 5, 2013 | |||||||||||||||||||||||||||||||||
Revenues | $ | 536.8 | $ | 653.4 | $ | 712.8 | $ | 411 | $ | 250.3 | $ | 280.1 | $ | 31.6 | $ | 2,876.00 | |||||||||||||||||
$ | 9.2 | $ | 68 | $ | 57.8 | $ | (56.3 | ) | $ | 27.4 | $ | (4.5 | ) | $ | (11.1 | ) | 90.5 | ||||||||||||||||
Segment income (loss) | |||||||||||||||||||||||||||||||||
(46.3 | ) | ||||||||||||||||||||||||||||||||
Net interest expense | |||||||||||||||||||||||||||||||||
Equity in loss of unconsolidated affiliate | (0.8 | ) | |||||||||||||||||||||||||||||||
Income before provision for income taxes | $ | 43.4 | |||||||||||||||||||||||||||||||
For the fiscal nine months ended September 29, 2012 | |||||||||||||||||||||||||||||||||
Revenues | $ | 617.1 | $ | 538.1 | $ | 711.2 | $ | 418.7 | $ | 243.1 | $ | 264.9 | $ | 33.1 | $ | 2,826.20 | |||||||||||||||||
$ | 45.1 | $ | 38.9 | $ | 46 | $ | (40.8 | ) | $ | 29 | $ | 1 | $ | 5.4 | 124.6 | ||||||||||||||||||
Segment income (loss) | |||||||||||||||||||||||||||||||||
(89.2 | ) | ||||||||||||||||||||||||||||||||
Net interest expense | |||||||||||||||||||||||||||||||||
Equity in income of unconsolidated affiliate | 1.4 | ||||||||||||||||||||||||||||||||
Income before provision for income taxes | $ | 36.8 |
ACCUMULATED_OTHER_COMPREHENSIV1
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 9 Months Ended | |||||||||||||||||
Oct. 05, 2013 | ||||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract] | ' | |||||||||||||||||
Changes in accumulated other comprehensive (loss) income by component | ' | |||||||||||||||||
Changes in Accumulated Other Comprehensive (Loss) Income by Component | ||||||||||||||||||
(In millions) | Gains (Losses) on Cash Flow Hedges | Defined Benefit Pension Items | Foreign Currency Translation | Total | ||||||||||||||
For the fiscal quarter ended October 5, 2013: | ||||||||||||||||||
Balance, July 7, 2013 | $ | 0.5 | $ | (23.3 | ) | $ | (7.6 | ) | $ | (30.4 | ) | |||||||
Other comprehensive (loss) income before reclassifications | (0.1 | ) | - | 14.1 | 14 | |||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | (0.2 | ) | 0.2 | - | - | |||||||||||||
Net comprehensive (loss) income | (0.3 | ) | 0.2 | 14.1 | 14 | |||||||||||||
Balance, October 5, 2013 | $ | 0.2 | $ | (23.1 | ) | $ | 6.5 | $ | (16.4 | ) | ||||||||
For the fiscal quarter ended September 29, 2012: | ||||||||||||||||||
Balance, July 1, 2012 | $ | 0.3 | $ | (23.5 | ) | $ | (5.0 | ) | $ | (28.2 | ) | |||||||
Other comprehensive (loss) income before reclassifications | (0.3 | ) | (0.3 | ) | 11.6 | 11 | ||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | - | 0.3 | - | 0.3 | ||||||||||||||
Net comprehensive (loss) income | (0.3 | ) | - | 11.6 | 11.3 | |||||||||||||
Balance, September 29, 2012 | $ | - | $ | (23.5 | ) | $ | 6.6 | $ | (16.9 | ) | ||||||||
For the fiscal nine months ended October 5, 2013: | ||||||||||||||||||
Balance, January 1, 2013 | $ | 0.1 | $ | (23.6 | ) | $ | 5.6 | $ | (17.9 | ) | ||||||||
Other comprehensive (loss) income before reclassifications | 0.5 | - | 0.9 | 1.4 | ||||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | (0.4 | ) | 0.5 | - | 0.1 | |||||||||||||
Net comprehensive income | 0.1 | 0.5 | 0.9 | 1.5 | ||||||||||||||
Balance, October 5, 2013 | $ | 0.2 | $ | (23.1 | ) | $ | 6.5 | $ | (16.4 | ) | ||||||||
For the fiscal nine months ended September 29, 2012: | ||||||||||||||||||
Balance, January 1, 2012 | $ | - | $ | (23.5 | ) | $ | (6.1 | ) | $ | (29.6 | ) | |||||||
Other comprehensive (loss) income before reclassifications | (0.1 | ) | (1.0 | ) | 12.7 | 11.6 | ||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | 0.1 | 1 | - | 1.1 | ||||||||||||||
Net comprehensive income | - | - | 12.7 | 12.7 | ||||||||||||||
Balance, September 29, 2012 | $ | - | $ | (23.5 | ) | $ | 6.6 | $ | (16.9 | ) | ||||||||
Reclassifications out of accumulated other comprehensive (loss) | ' | |||||||||||||||||
Reclassifications Out of Accumulated Other Comprehensive Loss | ||||||||||||||||||
(In millions) | Amount Reclassified from Accumulated Other Comprehensive Loss (a) | |||||||||||||||||
For the Fiscal Quarter Ended | For the Fiscal | For the Fiscal Nine Months Ended | For the Fiscal Nine Months Ended | Line Item in the Statement of Operations | ||||||||||||||
October 5, | Quarter Ended | October 5, | September 29, | |||||||||||||||
2013 | September 29, | 2013 | 2012 | |||||||||||||||
2012 | ||||||||||||||||||
Gains (losses) on foreign exchange contracts | $ | 0.3 | $ | - | $ | 0.5 | $ | (0.1 | ) | Cost of goods sold | ||||||||
(0.1 | ) | - | (0.1 | ) | - | Provision for income taxes | ||||||||||||
0.2 | - | 0.4 | (0.1 | ) | Net of tax | |||||||||||||
(0.3 | ) | (0.5 | ) | (0.8 | ) | (1.6 | ) | Selling, general and administrative expenses | ||||||||||
Amortization of defined benefit pension actuarial losses | ||||||||||||||||||
0.1 | 0.2 | 0.3 | 0.6 | Provision for income taxes | ||||||||||||||
(0.2 | ) | (0.3 | ) | (0.5 | ) | (1.0 | ) | Net of tax | ||||||||||
$ | - | $ | (0.3 | ) | $ | (0.1 | ) | $ | (1.1 | ) | ||||||||
Total reclassifications | ||||||||||||||||||
(a) - Amounts in parenthesis indicate debits to profit/loss. |
SUPPLEMENTAL_CONDENSED_FINANCI1
SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Oct. 05, 2013 | |||||||||||||||||||||||||||||||||||||||||
SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Financial Statements | ' | ||||||||||||||||||||||||||||||||||||||||
The following condensed consolidating balance sheets, statements of operations, statements of consolidated comprehensive income and statements of cash flows for Jones, the "Issuers" (consisting of Jones USA, Jones Holdings, JAG Footwear, which are all our subsidiaries that act as co-issuers and co-obligors) and the "Others" (consisting of all of our other subsidiaries, excluding all obligor subsidiaries) have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information. There are no contractual restrictions on distributions from Jones USA, Jones Holdings or JAG Footwear to Jones. | |||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheets | |||||||||||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||||||||||
5-Oct-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||||||||||
Current assets: | |||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | - | $ | 8.6 | $ | 19.2 | $ | - | $ | 27.8 | $ | - | $ | 82.6 | $ | 67 | $ | - | $ | 149.6 | |||||||||||||||||||||
Accounts receivable | - | 266.2 | 194.9 | - | 461.1 | - | 191 | 190 | - | 381 | |||||||||||||||||||||||||||||||
Inventories, primarily finished goods | - | 301.4 | 268.5 | (1.1 | ) | 568.8 | - | 261.7 | 226.2 | (1.2 | ) | 486.7 | |||||||||||||||||||||||||||||
Prepaid and refundable income taxes | - | 22.8 | 1.6 | (21.7 | ) | 2.7 | - | 18.6 | 0.3 | (13.4 | ) | 5.5 | |||||||||||||||||||||||||||||
Deferred taxes | - | 25.3 | 13.2 | - | 38.5 | - | 17.9 | 15.3 | - | 33.2 | |||||||||||||||||||||||||||||||
Prepaid expenses and other current assets | 0.5 | 27.5 | 26.5 | (0.7 | ) | 53.8 | - | 23.6 | 18.2 | (1.1 | ) | 40.7 | |||||||||||||||||||||||||||||
Total current assets | 0.5 | 651.8 | 523.9 | (23.5 | ) | 1,152.70 | - | 595.4 | 517 | (15.7 | ) | 1,096.70 | |||||||||||||||||||||||||||||
Property, plant and equipment | - | 59.3 | 201.1 | - | 260.4 | - | 64.6 | 213.5 | - | 278.1 | |||||||||||||||||||||||||||||||
Due from affiliates | - | 348.4 | 484.1 | (832.5 | ) | - | - | 497.7 | 319 | (816.7 | ) | - | |||||||||||||||||||||||||||||
Goodwill | - | 49.9 | 165.2 | - | 215.1 | - | 49.9 | 165.4 | - | 215.3 | |||||||||||||||||||||||||||||||
Other intangibles | - | 5.4 | 853.1 | - | 858.5 | - | 6 | 863.7 | - | 869.7 | |||||||||||||||||||||||||||||||
Deferred taxes | - | 89.4 | - | (89.4 | ) | - | - | 93 | - | (93.0 | ) | - | |||||||||||||||||||||||||||||
Investments in subsidiaries | 1,839.20 | 1,870.10 | 54.9 | (3,709.3 | ) | 54.9 | 1,811.40 | 1,745.40 | 38.9 | (3,556.8 | ) | 38.9 | |||||||||||||||||||||||||||||
Other assets | - | 69.6 | 23.4 | - | 93 | - | 67.7 | 29.1 | - | 96.8 | |||||||||||||||||||||||||||||||
Total assets | $ | 1,839.70 | $ | 3,143.90 | $ | 2,305.70 | $ | (4,654.7 | ) | $ | 2,634.60 | $ | 1,811.40 | $ | 3,119.70 | $ | 2,146.60 | $ | (4,482.2 | ) | $ | 2,595.50 | |||||||||||||||||||
LIABILITIES AND EQUITY | |||||||||||||||||||||||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | $ | - | $ | 78 | $ | - | $ | - | $ | 78 | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||
Current portion of long-term debt and capital lease obligations | - | - | 2.2 | - | 2.2 | - | - | 2.2 | - | 2.2 | |||||||||||||||||||||||||||||||
Current portion of acquisition consideration payable | - | 2.4 | - | - | 2.4 | - | 30.3 | - | - | 30.3 | |||||||||||||||||||||||||||||||
Accounts payable | 0.4 | 143.3 | 109.3 | - | 253 | - | 156.2 | 101.3 | - | 257.5 | |||||||||||||||||||||||||||||||
Income taxes payable | - | - | 46.2 | (42.0 | ) | 4.2 | - | 22.1 | 12.9 | (33.6 | ) | 1.4 | |||||||||||||||||||||||||||||
Accrued expenses and other current liabilities | 6.6 | 67.1 | 74.5 | (0.7 | ) | 147.5 | 8.5 | 70.6 | 82.8 | (1.1 | ) | 160.8 | |||||||||||||||||||||||||||||
Total current liabilities | 7 | 290.8 | 232.2 | (42.7 | ) | 487.3 | 8.5 | 279.2 | 199.2 | (34.7 | ) | 452.2 | |||||||||||||||||||||||||||||
Long-term debt | - | 931.3 | - | - | 931.3 | - | 934.4 | - | - | 934.4 | |||||||||||||||||||||||||||||||
Obligations under capital leases | - | - | 19.6 | - | 19.6 | - | - | 21.3 | - | 21.3 | |||||||||||||||||||||||||||||||
Income taxes payable | - | 0.3 | - | - | 0.3 | - | 0.5 | - | - | 0.5 | |||||||||||||||||||||||||||||||
Deferred taxes | - | - | 162.6 | (95.4 | ) | 67.2 | - | - | 155.7 | (99.0 | ) | 56.7 | |||||||||||||||||||||||||||||
Acquisition consideration payable | - | 4 | - | - | 4 | - | 6 | - | - | 6 | |||||||||||||||||||||||||||||||
Due to affiliates | 832.5 | - | - | (832.5 | ) | - | 816.7 | - | - | (816.7 | ) | - | |||||||||||||||||||||||||||||
Other noncurrent liabilities | 5 | 78.2 | 21.2 | - | 104.4 | 5 | 88.1 | 25 | - | 118.1 | |||||||||||||||||||||||||||||||
Total liabilities | 844.5 | 1,304.60 | 435.6 | (970.6 | ) | 1,614.10 | 830.2 | 1,308.20 | 401.2 | (950.4 | ) | 1,589.20 | |||||||||||||||||||||||||||||
Redeemable noncontrolling interest | - | - | 0.7 | - | 0.7 | - | - | 0.6 | - | 0.6 | |||||||||||||||||||||||||||||||
Equity: | |||||||||||||||||||||||||||||||||||||||||
Common stock and additional paid-in capital | 527.9 | 1,294.30 | 929.7 | (2,224.0 | ) | 527.9 | 521.6 | 1,294.30 | 948 | (2,242.3 | ) | 521.6 | |||||||||||||||||||||||||||||
Retained earnings | 483.7 | 561.4 | 935 | (1,472.8 | ) | 507.3 | 477.5 | 535.1 | 793.1 | (1,304.6 | ) | 501.1 | |||||||||||||||||||||||||||||
Accumulated other comprehensive (loss) income | (16.4 | ) | (16.4 | ) | 3.7 | 12.7 | (16.4 | ) | (17.9 | ) | (17.9 | ) | 2.8 | 15.1 | (17.9 | ) | |||||||||||||||||||||||||
Total Jones stockholders' equity | 995.2 | 1,839.30 | 1,868.40 | (3,684.1 | ) | 1,018.80 | 981.2 | 1,811.50 | 1,743.90 | (3,531.8 | ) | 1,004.80 | |||||||||||||||||||||||||||||
Noncontrolling interests | - | - | 1 | - | 1 | - | - | 0.9 | - | 0.9 | |||||||||||||||||||||||||||||||
Total equity | 995.2 | 1,839.30 | 1,869.40 | (3,684.1 | ) | 1,019.80 | 981.2 | 1,811.50 | 1,744.80 | (3,531.8 | ) | 1,005.70 | |||||||||||||||||||||||||||||
Total liabilities and equity | $ | 1,839.70 | $ | 3,143.90 | $ | 2,305.70 | $ | (4,654.7 | ) | $ | 2,634.60 | $ | 1,811.40 | $ | 3,119.70 | $ | 2,146.60 | $ | (4,482.2 | ) | $ | 2,595.50 | |||||||||||||||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||||||||||
Fiscal Quarter Ended October 5, 2013 | Fiscal Quarter Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
$ | - | $ | 613.9 | $ | 405.2 | $ | (8.1 | ) | $ | 1,011.00 | $ | - | $ | 633.2 | $ | 399.1 | $ | (7.7 | ) | $ | 1,024.60 | ||||||||||||||||||||
Net sales | |||||||||||||||||||||||||||||||||||||||||
Licensing income | - | 0.1 | 10.6 | - | 10.7 | - | - | 10.5 | - | 10.5 | |||||||||||||||||||||||||||||||
Other revenues | - | - | - | - | - | - | 0.3 | - | - | 0.3 | |||||||||||||||||||||||||||||||
Total revenues | - | 614 | 415.8 | (8.1 | ) | 1,021.70 | - | 633.5 | 409.6 | (7.7 | ) | 1,035.40 | |||||||||||||||||||||||||||||
Cost of goods sold | - | 417 | 251.2 | (5.8 | ) | 662.4 | - | 430.3 | 246.1 | (5.6 | ) | 670.8 | |||||||||||||||||||||||||||||
Gross profit | - | 197 | 164.6 | (2.3 | ) | 359.3 | - | 203.2 | 163.5 | (2.1 | ) | 364.6 | |||||||||||||||||||||||||||||
Selling, general and administrative expenses | - | 203.3 | 95.2 | (2.0 | ) | 296.5 | - | 214.2 | 89.8 | (2.1 | ) | 301.9 | |||||||||||||||||||||||||||||
Operating (loss) income | - | (6.3 | ) | 69.4 | (0.3 | ) | 62.8 | - | (11.0 | ) | 73.7 | - | 62.7 | ||||||||||||||||||||||||||||
Net interest expense and financing costs | - | 13.5 | 1.3 | - | 14.8 | - | 36.3 | 1.4 | - | 37.7 | |||||||||||||||||||||||||||||||
Equity in loss of unconsolidated affiliate | - | - | (0.9 | ) | - | (0.9 | ) | - | - | - | - | - | |||||||||||||||||||||||||||||
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries | - | (19.8 | ) | 67.2 | (0.3 | ) | 47.1 | - | (47.3 | ) | 72.3 | - | 25 | ||||||||||||||||||||||||||||
(Benefit) provision for income taxes | - | (1.0 | ) | 18.3 | 0.1 | 17.4 | - | (10.3 | ) | 17.5 | - | 7.2 | |||||||||||||||||||||||||||||
Equity in earnings of subsidiaries | 29.1 | 47.9 | - | (77.0 | ) | - | 17.3 | 54.3 | - | (71.6 | ) | - | |||||||||||||||||||||||||||||
Net income | 29.1 | 29.1 | 48.9 | (77.4 | ) | 29.7 | 17.3 | 17.3 | 54.8 | (71.6 | ) | 17.8 | |||||||||||||||||||||||||||||
Less: income attributable to noncontrolling interest | - | - | 0.4 | - | 0.4 | - | - | 0.4 | - | 0.4 | |||||||||||||||||||||||||||||||
Income attributable to Jones | $ | 29.1 | $ | 29.1 | $ | 48.5 | $ | (77.4 | ) | $ | 29.3 | $ | 17.3 | $ | 17.3 | $ | 54.4 | $ | (71.6 | ) | $ | 17.4 | |||||||||||||||||||
Fiscal Nine Months Ended October 5, 2013 | Fiscal Nine Months Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
$ | - | $ | 1,674.40 | $ | 1,189.60 | $ | (20.2 | ) | $ | 2,843.80 | $ | - | $ | 1,720.40 | $ | 1,092.40 | $ | (20.5 | ) | $ | 2,792.30 | ||||||||||||||||||||
Net sales | |||||||||||||||||||||||||||||||||||||||||
Licensing income | - | 0.4 | 31.2 | - | 31.6 | - | - | 33 | - | 33 | |||||||||||||||||||||||||||||||
Other revenues | - | 0.6 | - | - | 0.6 | - | 0.9 | - | - | 0.9 | |||||||||||||||||||||||||||||||
Total revenues | - | 1,675.40 | 1,220.80 | (20.2 | ) | 2,876.00 | - | 1,721.30 | 1,125.40 | (20.5 | ) | 2,826.20 | |||||||||||||||||||||||||||||
Cost of goods sold | - | 1,133.20 | 748.6 | (14.2 | ) | 1,867.60 | - | 1,141.50 | 663.6 | (13.1 | ) | 1,792.00 | |||||||||||||||||||||||||||||
Gross profit | - | 542.2 | 472.2 | (6.0 | ) | 1,008.40 | - | 579.8 | 461.8 | (7.4 | ) | 1,034.20 | |||||||||||||||||||||||||||||
Selling, general and administrative expenses | - | 627 | 297.1 | (6.2 | ) | 917.9 | - | 637 | 278.9 | (6.3 | ) | 909.6 | |||||||||||||||||||||||||||||
Operating (loss) income | - | (84.8 | ) | 175.1 | 0.2 | 90.5 | - | (57.2 | ) | 182.9 | (1.1 | ) | 124.6 | ||||||||||||||||||||||||||||
Net interest expense and financing costs | - | 42.4 | 3.9 | - | 46.3 | - | 88.7 | 0.5 | - | 89.2 | |||||||||||||||||||||||||||||||
Equity in loss of unconsolidated affiliate | - | - | (0.8 | ) | - | (0.8 | ) | - | - | 1.4 | - | 1.4 | |||||||||||||||||||||||||||||
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries | - | (127.2 | ) | 170.4 | 0.2 | 43.4 | - | (145.9 | ) | 183.8 | (1.1 | ) | 36.8 | ||||||||||||||||||||||||||||
(Benefit) provision for income taxes | - | (39.6 | ) | 55.6 | - | 16 | - | (38.4 | ) | 50.4 | (0.4 | ) | 11.6 | ||||||||||||||||||||||||||||
Equity in earnings of subsidiaries | 26.4 | 114 | - | (140.4 | ) | - | 25.1 | 132.6 | - | (157.7 | ) | - | |||||||||||||||||||||||||||||
Net income | 26.4 | 26.4 | 114.8 | (140.2 | ) | 27.4 | 25.1 | 25.1 | 133.4 | (158.4 | ) | 25.2 | |||||||||||||||||||||||||||||
Less: income attributable to noncontrolling interest | - | - | 1 | - | 1 | - | - | 0.9 | - | 0.9 | |||||||||||||||||||||||||||||||
Income attributable to Jones | $ | 26.4 | $ | 26.4 | $ | 113.8 | $ | (140.2 | ) | $ | 26.4 | $ | 25.1 | $ | 25.1 | $ | 132.5 | $ | (158.4 | ) | $ | 24.3 | |||||||||||||||||||
Condensed Consolidating Statements of Other Comprehensive Income | |||||||||||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||||||||||
Fiscal Quarter Ended October 5, 2013 | Fiscal Quarter Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
$ | 29.1 | $ | 29.1 | $ | 48.9 | $ | (77.4 | ) | $ | 29.7 | $ | 17.3 | $ | 17.3 | $ | 54.8 | $ | (71.6 | ) | $ | 17.8 | ||||||||||||||||||||
Net income | |||||||||||||||||||||||||||||||||||||||||
Other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||
Change in fair value of cash flow hedges, net of tax | (0.1 | ) | (0.1 | ) | (0.1 | ) | 0.2 | (0.1 | ) | (0.3 | ) | (0.3 | ) | (0.3 | ) | 0.6 | (0.3 | ) | |||||||||||||||||||||||
Reclassification adjustment for hedge gains and losses included in net income, net of tax | (0.2 | ) | (0.2 | ) | (0.2 | ) | 0.4 | (0.2 | ) | - | - | - | - | - | |||||||||||||||||||||||||||
Pension and postretirement liability adjustments, net of tax | 0.2 | 0.2 | - | (0.2 | ) | 0.2 | - | - | - | - | - | ||||||||||||||||||||||||||||||
Foreign currency translation adjustments | 14.1 | 14.1 | 14.1 | (28.2 | ) | 14.1 | 11.6 | 11.6 | 11.4 | (23.0 | ) | 11.6 | |||||||||||||||||||||||||||||
Total other comprehensive income | 14 | 14 | 13.8 | (27.8 | ) | 14 | 11.3 | 11.3 | 11.1 | (22.4 | ) | 11.3 | |||||||||||||||||||||||||||||
Comprehensive income | $ | 43.1 | $ | 43.1 | $ | 62.7 | $ | (105.2 | ) | $ | 43.7 | $ | 28.6 | $ | 28.6 | $ | 65.9 | $ | (94.0 | ) | $ | 29.1 | |||||||||||||||||||
Fiscal Nine Months Ended October 5, 2013 | Fiscal Nine Months Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
$ | 26.4 | $ | 26.4 | $ | 114.8 | $ | (140.2 | ) | $ | 27.4 | $ | 25.1 | $ | 25.1 | $ | 133.4 | $ | (158.4 | ) | $ | 25.2 | ||||||||||||||||||||
Net income | |||||||||||||||||||||||||||||||||||||||||
Other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||
Change in fair value of cash flow hedges, net of tax | 0.5 | 0.5 | 0.5 | (1.0 | ) | 0.5 | (0.1 | ) | (0.1 | ) | (0.1 | ) | 0.2 | (0.1 | ) | ||||||||||||||||||||||||||
Reclassification adjustment for hedge gains and losses included in net income, net of tax | (0.4 | ) | (0.4 | ) | (0.4 | ) | 0.8 | (0.4 | ) | 0.1 | 0.1 | 0.1 | (0.2 | ) | 0.1 | ||||||||||||||||||||||||||
Pension and postretirement liability adjustments, net of tax | 0.5 | 0.5 | - | (0.5 | ) | 0.5 | - | - | - | - | - | ||||||||||||||||||||||||||||||
Foreign currency translation adjustments | 0.9 | 0.9 | 0.9 | (1.8 | ) | 0.9 | 12.7 | 12.7 | 12.5 | (25.2 | ) | 12.7 | |||||||||||||||||||||||||||||
Total other comprehensive income | 1.5 | 1.5 | 1 | (2.5 | ) | 1.5 | 12.7 | 12.7 | 12.5 | (25.2 | ) | 12.7 | |||||||||||||||||||||||||||||
Comprehensive income | $ | 27.9 | $ | 27.9 | $ | 115.8 | $ | (142.7 | ) | $ | 28.9 | $ | 37.8 | $ | 37.8 | $ | 145.9 | $ | (183.6 | ) | $ | 37.9 | |||||||||||||||||||
Condensed Consolidating Statements of Cash Flows | |||||||||||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||||||||||
Fiscal Nine Months Ended October 5, 2013 | Fiscal Nine Months Ended September 29, 2012 | ||||||||||||||||||||||||||||||||||||||||
Jones | Issuers | Others | Elim-inations | Cons-olidated | Jones | Issuers | Others | Elim-inations | Cons-olidated | ||||||||||||||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | - | $ | (104.9 | ) | $ | 19 | $ | (6.6 | ) | $ | (92.5 | ) | $ | - | $ | (46.5 | ) | $ | 72.2 | $ | (12.6 | ) | $ | 13.1 | ||||||||||||||||
Cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||
Capital expenditures | - | (11.8 | ) | (33.4 | ) | - | (45.2 | ) | - | (14.6 | ) | (42.5 | ) | - | (57.1 | ) | |||||||||||||||||||||||||
Notes receivable issued | - | (6.1 | ) | (1.0 | ) | - | (7.1 | ) | - | - | - | - | - | ||||||||||||||||||||||||||||
Acquisition of additional equity interest in GRI | - | - | (14.7 | ) | - | (14.7 | ) | - | - | - | - | - | |||||||||||||||||||||||||||||
Contingent consideration paid related to investment in GRI | - | - | - | - | - | - | - | (3.5 | ) | - | (3.5 | ) | |||||||||||||||||||||||||||||
Acquisition of Brian Atwood net of cash acquired | - | (0.5 | ) | - | - | (0.5 | ) | - | (5.0 | ) | 0.6 | - | (4.4 | ) | |||||||||||||||||||||||||||
Proceeds from sale of trademark | - | - | - | - | - | - | - | 5 | - | 5 | |||||||||||||||||||||||||||||||
Other | - | - | 0.1 | - | 0.1 | - | - | (0.1 | ) | - | (0.1 | ) | |||||||||||||||||||||||||||||
Net cash used in investing activities | - | (18.4 | ) | (49.0 | ) | - | (67.4 | ) | - | (19.6 | ) | (40.5 | ) | - | (60.1 | ) | |||||||||||||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||
Net increase in short-term borrowings | - | 78 | - | - | 78 | - | - | - | - | - | |||||||||||||||||||||||||||||||
Issuance of 6.875% Senior Notes due 2019 | - | - | - | - | - | - | 103.5 | - | - | 103.5 | |||||||||||||||||||||||||||||||
Debt issuance costs | - | - | - | - | - | - | (2.3 | ) | - | - | (2.3 | ) | |||||||||||||||||||||||||||||
Costs related to revolving credit agreement | - | (0.3 | ) | - | - | (0.3 | ) | - | (0.3 | ) | - | - | (0.3 | ) | |||||||||||||||||||||||||||
Dividends paid | - | (11.6 | ) | (6.6 | ) | 6.6 | (11.6 | ) | - | (11.7 | ) | (12.6 | ) | 12.6 | (11.7 | ) | |||||||||||||||||||||||||
Repurchase of common shares | - | (14.5 | ) | - | - | (14.5 | ) | - | (34.0 | ) | - | - | (34.0 | ) | |||||||||||||||||||||||||||
Payments of acquisition consideration payable | - | (2.4 | ) | (7.0 | ) | - | (9.4 | ) | - | - | (14.6 | ) | - | (14.6 | ) | ||||||||||||||||||||||||||
Other items, net | - | 0.1 | (2.4 | ) | - | (2.3 | ) | - | 2.3 | (2.1 | ) | - | 0.2 | ||||||||||||||||||||||||||||
Net cash provided by (used in) financing activities | - | 49.3 | (16.0 | ) | 6.6 | 39.9 | - | 57.5 | (29.3 | ) | 12.6 | 40.8 | |||||||||||||||||||||||||||||
- | - | (1.8 | ) | - | (1.8 | ) | - | - | 1.5 | - | 1.5 | ||||||||||||||||||||||||||||||
Effect of exchange rates on cash | |||||||||||||||||||||||||||||||||||||||||
- | (74.0 | ) | (47.8 | ) | - | (121.8 | ) | - | (8.6 | ) | 3.9 | - | (4.7 | ) | |||||||||||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents, beginning | - | 82.6 | 67 | - | 149.6 | - | 195.8 | 43 | - | 238.8 | |||||||||||||||||||||||||||||||
Cash and cash equivalents, ending | $ | - | $ | 8.6 | $ | 19.2 | $ | - | $ | 27.8 | $ | - | $ | 187.2 | $ | 46.9 | $ | - | $ | 234.1 |
BASIS_OF_PRESENTATION_Details
BASIS OF PRESENTATION (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 |
BASIS OF PRESENTATION [Abstract] | ' | ' | ' | ' |
Distribution costs included in SG&A expenses | $23.70 | $23.40 | $70.60 | $68.10 |
EARNINGS_PER_SHARE_Details
EARNINGS PER SHARE (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 |
EARNINGS PER SHARE [Abstract] | ' | ' | ' | ' |
Net income | $29.70 | $17.80 | $27.40 | $25.20 |
Less: income attributable to noncontrolling interest | 0.4 | 0.4 | 1 | 0.9 |
Income attributable to Jones | 29.3 | 17.4 | 26.4 | 24.3 |
Less: income allocated to participating securities | 1 | 0.4 | 0.9 | 0.4 |
Income available to common stockholders of Jones | $28.30 | $17 | $25.50 | $23.90 |
Weighted-average shares outstanding - basic (in shares) | 72.8 | 74.4 | 73.1 | 75.2 |
Effect of dilutive employee restricted stock (in shares) | 1.3 | 1 | 1.3 | 0.9 |
Weighted-average shares outstanding - diluted (in shares) | 74.1 | 75.4 | 74.4 | 76.1 |
Earnings per common share attributable to Jones | ' | ' | ' | ' |
Basic (in dollars per share) | $0.39 | $0.23 | $0.35 | $0.32 |
Diluted (in dollars per share) | $0.38 | $0.22 | $0.34 | $0.31 |
ACQUISITIONS_Details
ACQUISITIONS (Details) (USD $) | 0 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Jul. 02, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Dec. 31, 2011 |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Cost of acquired entity, Cash Paid | $5 | $0.50 | ' | ' | ' |
Business acquisition, amount of purchase price deferred | 0.5 | ' | ' | ' | ' |
Intangible assets: | ' | ' | ' | ' | ' |
Goodwill | ' | 215.1 | 215.3 | 262.5 | 255.3 |
Gross contractual accounts receivable acquired | 0.5 | ' | ' | ' | ' |
Atwood Italia S.r.l. [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Percentage of equity interests acquired (in hundredths) | 100.00% | ' | ' | ' | ' |
Brian Atwood Related Intellectual Property [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Percentage of equity interests acquired (in hundredths) | 80.00% | ' | ' | ' | ' |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners (in hundredths) | 20.00% | ' | ' | ' | ' |
Intangible assets: | ' | ' | ' | ' | ' |
Date of acquisition | 2-Jul-12 | ' | ' | ' | ' |
Brian Atwood [Member] | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract] | ' | ' | ' | ' | ' |
Cash | 0.6 | ' | ' | ' | ' |
Accounts receivable | 0.5 | ' | ' | ' | ' |
Other current assets | 0.4 | ' | ' | ' | ' |
Property, plant and equipment | 0.1 | ' | ' | ' | ' |
Intangible assets: | ' | ' | ' | ' | ' |
Goodwill | 3.2 | ' | ' | ' | ' |
Total assets acquired | 13.4 | ' | ' | ' | ' |
Accounts payable | 1.7 | ' | ' | ' | ' |
Notes payable | 2.8 | ' | ' | ' | ' |
Other current liabilities | 1.8 | ' | ' | ' | ' |
Deferred taxes | 0.3 | ' | ' | ' | ' |
Other long-term liabilities | 0.1 | ' | ' | ' | ' |
Total liabilities assumed | 6.7 | ' | ' | ' | ' |
Fair value of noncontrolling interest | 1.2 | ' | ' | ' | ' |
Total purchase price | 5.5 | ' | ' | ' | ' |
Brian Atwood [Member] | Trademarks [Member] | ' | ' | ' | ' | ' |
Intangible assets: | ' | ' | ' | ' | ' |
Finite-live intangible assets | 7.5 | ' | ' | ' | ' |
Weighted-average amortization life | '240 months | ' | ' | ' | ' |
Brian Atwood [Member] | Customer Relationships [Member] | ' | ' | ' | ' | ' |
Intangible assets: | ' | ' | ' | ' | ' |
Finite-live intangible assets | 0.4 | ' | ' | ' | ' |
Weighted-average amortization life | '6 months | ' | ' | ' | ' |
Brian Atwood [Member] | Order Backlog [Member] | ' | ' | ' | ' | ' |
Intangible assets: | ' | ' | ' | ' | ' |
Finite-live intangible assets | $0.70 | ' | ' | ' | ' |
Weighted-average amortization life | '3 months | ' | ' | ' | ' |
EQUITY_METHOD_INVESTMENTS_Deta
EQUITY METHOD INVESTMENTS (Details) (GRI [Member], USD $) | Oct. 05, 2013 | Aug. 30, 2013 | Jun. 21, 2012 | Jun. 24, 2009 | Jun. 20, 2008 |
In Millions, unless otherwise specified | |||||
GRI [Member] | ' | ' | ' | ' | ' |
Equity Method Investments | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 34.25% | 34.25% | ' | 25.00% | 10.00% |
Equity Method Investment, Aggregate Cost | ' | ' | ' | ' | $20.20 |
Additional Investment Cost | ' | $14.70 | $3.50 | $15.20 | ' |
Contingent additional cash payment percentage of net income over threshold (in hundredths) | ' | ' | ' | 60.00% | ' |
ACCOUNTS_RECEIVABLE_Details
ACCOUNTS RECEIVABLE (Details) (USD $) | 9 Months Ended | |||||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Aug. 30, 2013 | Dec. 31, 2012 | Jun. 24, 2009 | Jun. 20, 2008 |
ACCOUNTS RECEIVABLE [Abstract] | ' | ' | ' | ' | ' | ' |
Trade accounts receivable | $499.70 | $520.70 | ' | $408.40 | ' | ' |
Allowances for doubtful accounts, returns, discounts and co-op advertising | -38.6 | -34.5 | ' | -27.4 | ' | ' |
Trade accounts receivable, net | 461.1 | 486.2 | ' | 381 | ' | ' |
GRI [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Ownership interest in GRI (in hundredths) | 34.25% | ' | 34.25% | ' | 25.00% | 10.00% |
Accounts receivable amounts due from GRI | 19.6 | 22.1 | ' | 15.6 | ' | ' |
Net revenues from GRI | $44.40 | $51.80 | ' | ' | ' | ' |
ACCRUED_RESTRUCTURING_COSTS_De
ACCRUED RESTRUCTURING COSTS (Details) (USD $) | 9 Months Ended | ||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Dec. 31, 2012 |
Employee | Store | Store | |
Store | |||
Jewelry [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Net accrual reported as accrued expenses and other current liabilities | $0.40 | $0.40 | ' |
Net accrual reported as other noncurrent liabilities | 0.7 | 0.9 | ' |
Jewelry [Member] | Lease Obligations [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Balance | 1.4 | 1.5 | ' |
Additions | ' | 0.2 | ' |
Payments and reductions | -0.3 | -0.4 | ' |
Balance | 1.1 | 1.3 | ' |
Retail Stores [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Net accrual reported as accrued expenses and other current liabilities | 2.9 | 1 | ' |
Net accrual reported as other noncurrent liabilities | ' | 0.1 | ' |
Number of Retail Stores Closed | 66 | 85 | ' |
Additional expected store closures announced | 120 | ' | 50 |
Expected number of terminated employees receiving benefits | 3,000 | ' | ' |
Expected total termination benefits and associated employee costs | 14.3 | ' | ' |
Lease termination costs | -3.2 | -0.4 | ' |
Impairment losses recorded | 6.1 | 0.4 | ' |
Retail Stores [Member] | One-time Termination Benefits [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Balance | 0.9 | 1.3 | ' |
Additions | 3.4 | 1.6 | ' |
Payments and reductions | -1.4 | -1.8 | ' |
Balance | 2.9 | 1.1 | ' |
Other Cost Reduction Initiatives [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Net accrual reported as accrued expenses and other current liabilities | 0.2 | ' | ' |
Expected number of terminated employees receiving benefits | 100 | ' | ' |
Other Cost Reduction Initiatives [Member] | One-time Termination Benefits [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Balance | ' | ' | ' |
Additions | 4.3 | ' | ' |
Payments and reductions | -4.1 | ' | ' |
Balance | $0.20 | ' | ' |
GOODWILL_Details
GOODWILL (Details) (USD $) | 9 Months Ended | |||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Dec. 31, 2012 | Dec. 31, 2011 |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill Gross | $1,715.40 | $1,715.50 | $1,715.70 | $1,708.30 |
Accumulated impairment losses | -1,500.30 | -1,453 | -1,500.40 | -1,453 |
Net goodwill | 215.1 | 262.5 | 215.3 | 255.3 |
Foreign currency translation effects | -0.2 | 4.5 | ' | ' |
International Wholesale [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill Gross | 113.4 | 113.7 | 113.5 | 111.6 |
Accumulated impairment losses | ' | ' | ' | ' |
Net goodwill | 113.4 | 113.7 | 113.5 | 111.6 |
Foreign currency translation effects | -0.1 | 2.1 | ' | ' |
International Retail [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill Gross | 52.5 | 52.8 | 52.7 | 50.4 |
Accumulated impairment losses | -47.3 | ' | -47.4 | ' |
Net goodwill | 5.2 | 52.8 | 5.3 | 50.4 |
Foreign currency translation effects | -0.1 | 2.4 | ' | ' |
Domestic Wholesale Sportswear [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill Gross | 46.7 | 46.7 | 46.7 | 46.7 |
Accumulated impairment losses | ' | ' | ' | ' |
Net goodwill | 46.7 | 46.7 | 46.7 | 46.7 |
Foreign currency translation effects | ' | ' | ' | ' |
Domestic Wholesale Jeanswear [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill Gross | 519.2 | 519.2 | 519.2 | 519.2 |
Accumulated impairment losses | -519.2 | -519.2 | -519.2 | -519.2 |
Net goodwill | ' | ' | ' | ' |
Foreign currency translation effects | ' | ' | ' | ' |
Domestic Wholesale Footwear & Accessories [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill Gross | 863 | 862.5 | 863 | 859.8 |
Accumulated impairment losses | -813.2 | -813.2 | -813.2 | -813.2 |
Net goodwill | 49.8 | 49.3 | 49.8 | 46.6 |
Foreign currency translation effects | ' | ' | ' | ' |
Domestic Retail [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill Gross | 120.6 | 120.6 | 120.6 | 120.6 |
Accumulated impairment losses | -120.6 | -120.6 | -120.6 | -120.6 |
Net goodwill | ' | ' | ' | ' |
Foreign currency translation effects | ' | ' | ' | ' |
FAIR_VALUES_Part_I_Details
FAIR VALUES Part I (Details) (USD $) | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 |
In Millions, unless otherwise specified | |||
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Total assets | ' | ' | ' |
Canadian Dollar - U.S. Dollar forward contracts | ' | ' | 0.1 |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Total assets | 11.3 | 8.6 | 8.3 |
Total liabilities | 353.8 | 44.9 | 243.7 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Total assets | 8.4 | 8.4 | 8.2 |
Total liabilities | 8.7 | 8.6 | 8.4 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Total assets | 2.9 | 0.2 | 0.1 |
Total liabilities | 338.7 | ' | 0.1 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Total liabilities | 6.4 | 36.3 | 235.2 |
Fair Value, Measurements, Recurring [Member] | Prepaid Expenses and Other Current Assets [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Rabbi Trust assets | 8.4 | 8.4 | 8.2 |
British Pound - U.S. Dollar forward contracts | 0.1 | ' | 0.1 |
Canadian Dollar - U.S. Dollar forward contracts | 0.1 | 0.2 | ' |
Fair Value, Measurements, Recurring [Member] | Prepaid Expenses and Other Current Assets [Member] | Level 1 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Rabbi Trust assets | 8.4 | 8.4 | 8.2 |
Fair Value, Measurements, Recurring [Member] | Prepaid Expenses and Other Current Assets [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
British Pound - U.S. Dollar forward contracts | 0.1 | ' | 0.1 |
Canadian Dollar - U.S. Dollar forward contracts | 0.1 | 0.2 | ' |
Fair Value, Measurements, Recurring [Member] | Accrued Employee Compensation and Benefits [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Rabbi Trust liabilities | 8.4 | 8.4 | 8.2 |
Fair Value, Measurements, Recurring [Member] | Accrued Employee Compensation and Benefits [Member] | Level 1 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Rabbi Trust liabilities | 8.4 | 8.4 | 8.2 |
Fair Value, Measurements, Recurring [Member] | Current Portion of Acquisition Consideration Payable [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Acquisition consideration | 2.4 | 30.3 | 230.2 |
Fair Value, Measurements, Recurring [Member] | Current Portion of Acquisition Consideration Payable [Member] | Level 3 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Acquisition consideration | 2.4 | 30.3 | 230.2 |
Fair Value, Measurements, Recurring [Member] | Accrued Expenses and Other Current Liabilities [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Canadian Dollar - U.S. Dollar forward contracts | ' | ' | 0.1 |
Deferred director fees | 0.3 | 0.2 | 0.2 |
Fair Value, Measurements, Recurring [Member] | Accrued Expenses and Other Current Liabilities [Member] | Level 1 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Deferred director fees | 0.3 | 0.2 | 0.2 |
Fair Value, Measurements, Recurring [Member] | Long-term Debt [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Hedged portion of 6.875% Senior Notes due 2019 | 338.3 | ' | ' |
Fair Value, Measurements, Recurring [Member] | Long-term Debt [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Hedged portion of 6.875% Senior Notes due 2019 | 338.3 | ' | ' |
Fair Value, Measurements, Recurring [Member] | Acquisition Consideration Payable, Net of Current Portion [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Acquisition consideration | 4 | 6 | 5 |
Fair Value, Measurements, Recurring [Member] | Acquisition Consideration Payable, Net of Current Portion [Member] | Level 3 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Acquisition consideration | 4 | 6 | 5 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swaps [Member] | Other Long-term Assets [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Derivative Asset | 2.7 | ' | ' |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swaps [Member] | Other Long-term Assets [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Derivative Asset | 2.7 | ' | ' |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swaps [Member] | Other long-term liabilities [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Derivative Liability | 0.4 | ' | ' |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swaps [Member] | Other long-term liabilities [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Derivative Liability | 0.4 | ' | ' |
Fair Value, Measurements, Recurring [Member] | Interest Rate Cap [Member] | Other Long-term Assets [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Derivative Asset | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Cap [Member] | Other Long-term Assets [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ' | ' | ' |
Derivative Asset | $0 | $0 | $0 |
FAIR_VALUES_Part_II_Details
FAIR VALUES, Part II (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 |
Moda Nicola International, LLC [Member] | Discounted Projection of Financial Results [Member] | ' | ' |
Quantitative Information About Level 3 Measurements [Abstract] | ' | ' |
Discount rate (in hundredths) | 12.00% | ' |
Moda Nicola International, LLC [Member] | Discounted Projection of Financial Results [Member] | Minimum [Member] | ' | ' |
Quantitative Information About Level 3 Measurements [Abstract] | ' | ' |
Net sales growth (in hundredths) | 14.00% | ' |
Gross margin multiplier | 1.31 | ' |
Moda Nicola International, LLC [Member] | Discounted Projection of Financial Results [Member] | Maximum [Member] | ' | ' |
Quantitative Information About Level 3 Measurements [Abstract] | ' | ' |
Net sales growth (in hundredths) | 46.00% | ' |
Gross margin multiplier | 1.38 | ' |
Moda Nicola International, LLC [Member] | Discounted Projection of Financial Results [Member] | Weighted Average [Member] | ' | ' |
Quantitative Information About Level 3 Measurements [Abstract] | ' | ' |
Net sales growth (in hundredths) | 32.80% | ' |
Gross margin multiplier | 1.34 | ' |
Level 3 [Member] | ' | ' |
Contingent consideration, at fair value [Roll Forward] | ' | ' |
Contingent consideration, at fair value | $36.30 | $210.40 |
Payments | -29.9 | -19.2 |
Total adjustments included in earnings | 0 | 44 |
Contingent consideration, at fair value | 6.4 | 235.2 |
Level 3 [Member] | Moda Nicola International, LLC [Member] | ' | ' |
Contingent consideration, at fair value [Roll Forward] | ' | ' |
Contingent consideration, at fair value | 7.4 | 14.8 |
Payments | -2.5 | -3.5 |
Total adjustments included in earnings | 0.5 | -3.8 |
Contingent consideration, at fair value | 5.4 | 7.5 |
Level 3 [Member] | Stuart Weitzman Holdings, LLC [Member] | ' | ' |
Contingent consideration, at fair value [Roll Forward] | ' | ' |
Contingent consideration, at fair value | 28.9 | 195.6 |
Payments | -27.4 | -15.7 |
Total adjustments included in earnings | -0.5 | 47.8 |
Contingent consideration, at fair value | $1 | $227.70 |
FAIR_VALUES_Part_III_Details
FAIR VALUES, Part III (Details) | 9 Months Ended | ||||||||||||||||||||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Oct. 05, 2013 | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Oct. 05, 2013 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 |
USD ($) | USD ($) | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Canadian Dollar - U.S. Dollar Forward Contracts [Member] | British Pound - U.S. Dollar Forward Exchange Contracts [Member] | Level 3 [Member] | Level 3 [Member] | Carrying Value [Member] | Carrying Value [Member] | Carrying Value [Member] | Carrying Value [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Fair Value [Member] | Fair Value [Member] | Fair Value [Member] | Fair Value [Member] | Fair Value [Member] | |
USD ($) | USD ($) | USD ($) | GBP (£) | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | |||
Retail Property and Equipment [Member] | Retail Property and Equipment [Member] | USD ($) | USD ($) | USD ($) | Retail Property and Equipment [Member] | Retail Property and Equipment [Member] | Leasehold Improvements [Member] | Leasehold Improvements [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | Nonrecurring Basis [Member] | |||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property and equipment before impairment, fair value disclosure | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6.90 | $0.40 | $0.80 | ' | ' | ' | ' | ' | ' | ' |
Property and equipment, fair value disclosure | ' | ' | ' | ' | ' | ' | 0.8 | 0 | ' | ' | ' | 0.8 | 0 | ' | 0 | ' | ' | ' | ' | ' | ' |
Hedged portion of 6.875% Senior Notes due 2019 | ' | ' | ' | ' | ' | ' | ' | ' | 921.3 | 924.3 | 926.2 | ' | ' | ' | ' | 861.4 | 884.5 | 879.6 | ' | ' | ' |
Other long-term debt, including current portion | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 10.2 | 10.2 | ' | ' | ' | ' | ' | ' | ' | 9.1 | 9.3 | 9.3 |
Notes Receivable | ' | ' | ' | ' | ' | ' | ' | ' | 7.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.3 | ' | ' |
Notional amounts of foreign exchange contracts outstanding | ' | ' | ' | ' | 5.4 | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Average Forward Exchange Rate | ' | ' | ' | ' | 1.012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Forward Exchange Rate | ' | ' | ' | ' | ' | 1.623 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value losses recorded | $6.90 | $0.40 | $6.90 | $0.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
CREDIT_FACILITIES_Details
CREDIT FACILITIES (Details) (USD $) | Oct. 05, 2013 |
In Millions, unless otherwise specified | |
Line of Credit Facility [Line Items] | ' |
Maximum aggregate principal amount | $650 |
Remaining availability for borrowings | 448.3 |
Amount outstanding under credit facility | 78 |
Letters Of Credit Outstanding | 18.3 |
Letter of Credit [Member] | ' |
Line of Credit Facility [Line Items] | ' |
Maximum subfacility available under the credit facility | 350 |
Standby Letters of Credit [Member] | ' |
Line of Credit Facility [Line Items] | ' |
Maximum subfacility available under the credit facility | 50 |
Trade Letters of Credit [Member] | ' |
Line of Credit Facility [Line Items] | ' |
Maximum subfacility available under the credit facility | 350 |
Domestic Line of Credit [Member] | ' |
Line of Credit Facility [Line Items] | ' |
U.S. commitment drawable by U.S. borrowers as revolving loans or letters of credit | 350 |
Line Of Credit Facility Maximum Availability For Letters Of Credit Under US Commitment Denominated In Alternative Currency | 150 |
Foreign Line of Credit [Member] | ' |
Line of Credit Facility [Line Items] | ' |
International commitment drawable by U.S., Canadian, or European borrowers as revolving loans or letters of credit | $300 |
LONGTERM_DEBT_Details
LONG-TERM DEBT (Details) (USD $) | Oct. 05, 2013 | Sep. 29, 2012 | Dec. 31, 2012 | Sep. 25, 2012 |
In Millions, unless otherwise specified | Additional Senior Notes due 2019 [Member] | Additional Senior Notes due 2019 [Member] | ||
Debt Instrument [Line Items] | ' | ' | ' | ' |
Senior Notes due 2019 | ' | ' | ' | $100 |
Senior Notes due 2019, stated rate (in hundredths) | 6.88% | 6.88% | ' | 6.88% |
Net proceeds from issuance of Senior Notes due 2019 | ' | ' | 100.9 | ' |
Bond premium | ' | ' | ' | $3.50 |
DERIVATIVES_Part_I_Details
DERIVATIVES Part I (Details) | 3 Months Ended | 9 Months Ended | 18 Months Ended | 1 Months Ended | 2 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Sep. 29, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Oct. 05, 2013 | Oct. 05, 2013 | Jun. 08, 2012 | Dec. 17, 2010 | Oct. 05, 2013 | Oct. 05, 2013 | Oct. 05, 2013 | Oct. 05, 2013 | 31-May-12 | Sep. 09, 2013 | Aug. 21, 2013 | Aug. 15, 2013 | Jul. 19, 2013 | Mar. 21, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Oct. 05, 2013 | Dec. 31, 2012 | Sep. 29, 2012 |
USD ($) | USD ($) | USD ($) | USD ($) | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Interest Rate Cap [Member] | Interest Rate Cap [Member] | Interest Rate Cap [Member] | Canadian Dollar U.S. Dollar Forward Contracts [Member] | British Pound - U.S. Dollar Forward Exchange Contracts [Member] | Interest Rate Swaps on 2014 Notes [Member] | Interest Rate Swaps on 2014 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Interest Rate Swaps on 2019 Notes [Member] | Canadian Dollar U.S. Dollar Forward Contracts [Member] | Canadian Dollar U.S. Dollar Forward Contracts [Member] | Canadian Dollar U.S. Dollar Forward Contracts [Member] | British Pound - U.S. Dollar Forward Exchange Contracts [Member] | British Pound - U.S. Dollar Forward Exchange Contracts [Member] | British Pound - U.S. Dollar Forward Exchange Contracts [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Other Long-term Assets [Member] | Other Long-term Assets [Member] | Other Long-term Assets [Member] | Other Long-term Liabilities [Member] | Other Long-term Liabilities [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | Accrued Expenses and Other Current Liabilities [Member] | Other Long-term Assets [Member] | Other Long-term Assets [Member] | Other Long-term Assets [Member] | USD ($) | GBP (£) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | GBP (£) | GBP (£) | GBP (£) | |||||||||
Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Contract | Contract | Contract | Contract | Contract | Contract | |||||||||||||||||||||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of interest rate swap transactions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | 3 | 3 | 3 | 3 | 3 | ' | ' | ' | ' | ' | ' |
Amount of hedged item related to derivative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $250 | ' | ' | ' | ' | ' | $70 | $75 | $90 | $90 | $150 | ' | ' | ' | ' | ' | ' |
Fixed interest rate related to derivative (in hundredths) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.13% | ' | ' | ' | ' | ' | 6.88% | 6.88% | 6.88% | 6.88% | 6.88% | ' | ' | ' | ' | ' | ' |
Derivative, Description of Variable Rate Basis | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'three-month LIBOR | ' | 'six-month LIBOR | 'six-month LIBOR | 'six-month LIBOR | 'six-month LIBOR | 'one-month LIBOR | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage point added to the reference rate (in hundredths) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.46% | ' | ' | ' | ' | ' | 4.24% | 4.43% | 4.59% | 4.75% | 5.20% | ' | ' | ' | ' | ' | ' |
Amount received upon termination of swaps | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.7 | ' | ' | ' | ' | ' | 3.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
(Decrease) increase in interest expense due to ineffectiveness of interest rate swaps | 0.2 | 0 | 0.2 | 1.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in interest expense related to changes in the fair value of interest rate caps | 0 | 0 | 0 | 0.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net (decrease) increase in interest expense related to derivatives | 0.2 | 0 | 0.2 | 1.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amounts of foreign exchange contracts outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.4 | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.4 | 16.1 | 4.1 | 6 | 6 | 9 |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Assets | ' | ' | ' | ' | 2.8 | 0.2 | ' | 0.1 | 0 | 0.1 | 2.7 | 0 | ' | ' | ' | 0.1 | 0.2 | 0.1 | 0 | 0.1 | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Liabilities | ' | ' | ' | ' | $0.40 | ' | $0.10 | ' | ' | ' | ' | ' | ' | $0.40 | $0 | ' | ' | ' | ' | ' | $0.10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
DERIVATIVES_Part_II_Details
DERIVATIVES, Part II (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 |
Interest Rate Swap Contracts [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of Pretax (Loss) due to Ineffectiveness Recognized in Income | ($0.20) | ($1.30) |
Interest Rate Cap Contract [Member] | Not Designated as Hedging Instrument [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of Pretax Gain (Loss) Recognized in Income | 0 | -0.2 |
Canadian Dollar U.S. Dollar Forward Contracts [Member] | Designated as Hedging Instrument [Member] | Cost of Sales [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of Pretax Gain (Loss) Recognized in Other Comprehensive Income | 0.5 | -0.2 |
Derivative Instruments, (Loss) Gain Reclassified from Accumulated OCI into Income | 0.5 | -0.1 |
British Pound US Dollar Forward Contracts [Member] | Not Designated as Hedging Instrument [Member] | Selling, General and Administrative Expenses [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of Pretax Gain (Loss) Recognized in Income | $0.10 | $0.10 |
STATEMENT_OF_CASH_FLOWS_Detail
STATEMENT OF CASH FLOWS (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 |
Cash paid during the period for: | ' | ' |
Interest | $66.60 | $41.40 |
Net income tax payments | 8 | 4.8 |
Supplemental disclosures of non-cash investing and financing activities: | ' | ' |
Restricted stock issued to employees | 29.7 | 22.1 |
Shares withheld for taxes upon vesting of restricted stock | $2.40 | $0.20 |
PENSION_PLANS_Details
PENSION PLANS (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Interest cost | $0.60 | $0.60 | $1.80 | $1.90 |
Expected return on plan assets | -0.8 | -0.7 | -2.3 | -2 |
Amortization of net loss | 0.3 | 0.6 | 0.8 | 1.7 |
Net periodic benefit cost | 0.1 | 0.5 | 0.3 | 1.6 |
Employer contribution to defined benefit pension plan | ' | ' | 4.4 | ' |
Anticipated employer contributions in fiscal year | ' | ' | $4.80 | ' |
SEGMENT_INFORMATION_Details
SEGMENT INFORMATION (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 |
Segment | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Number of reportable segments | ' | ' | 6 | ' |
Revenues | $1,021.70 | $1,035.40 | $2,876 | $2,826.20 |
Segment income (loss) | 62.8 | 62.7 | 90.5 | 124.6 |
Net interest expense | -14.8 | -37.7 | -46.3 | -89.2 |
Equity in income (loss) of unconsolidated affiliate | -0.9 | 0 | -0.8 | 1.4 |
Income before provision for income taxes | 47.1 | 25 | 43.4 | 36.8 |
Operating Segments [Member] | Licensing, Other and Eliminations [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 10.7 | 10.5 | 31.6 | 33.1 |
Segment income (loss) | 1.4 | 9 | -11.1 | 5.4 |
Operating Segments [Member] | International Wholesale [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 88.4 | 94.3 | 250.3 | 243.1 |
Segment income (loss) | 11 | 9.4 | 27.4 | 29 |
Operating Segments [Member] | International Retail [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 94.8 | 89.7 | 280.1 | 264.9 |
Segment income (loss) | 3.4 | 2.3 | -4.5 | 1 |
Operating Segments [Member] | Domestic Wholesale Sportswear [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 186.9 | 208.7 | 536.8 | 617.1 |
Segment income (loss) | 8.3 | 12.9 | 9.2 | 45.1 |
Operating Segments [Member] | Domestic Wholesale Jeanswear [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 214.2 | 202.3 | 653.4 | 538.1 |
Segment income (loss) | 19.6 | 15.3 | 68 | 38.9 |
Operating Segments [Member] | Domestic Wholesale Footwear & Accessories [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 289.9 | 289.9 | 712.8 | 711.2 |
Segment income (loss) | 35.4 | 29.3 | 57.8 | 46 |
Operating Segments [Member] | Domestic Retail [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 136.8 | 140 | 411 | 418.7 |
Segment income (loss) | ($16.30) | ($15.50) | ($56.30) | ($40.80) |
ACCUMULATED_OTHER_COMPREHENSIV2
ACCUMULATED OTHER COMPREHENSIVE LOSS, Part I (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 |
Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Accumulated other comprehensive (loss) income, beginning | ($30.40) | ($28.20) | ($17.90) | ($29.60) |
Other Comprehensive Income (Loss), before Reclassifications | 14 | 11 | 1.4 | 11.6 |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 | 0.3 | 0.1 | 1.1 |
Net comprehensive (Loss) income | 14 | 11.3 | 1.5 | 12.7 |
Accumulated other comprehensive (loss) income, ending | -16.4 | -16.9 | -16.4 | -16.9 |
Gains (Losses) on Cash Flow Hedges [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Accumulated other comprehensive (loss) income, beginning | 0.5 | 0.3 | 0.1 | 0 |
Other Comprehensive Income (Loss), before Reclassifications | -0.1 | -0.3 | 0.5 | -0.1 |
Amounts reclassified from accumulated other comprehensive (loss) income | -0.2 | 0 | -0.4 | 0.1 |
Net comprehensive (Loss) income | -0.3 | -0.3 | 0.1 | 0 |
Accumulated other comprehensive (loss) income, ending | 0.2 | 0 | 0.2 | 0 |
Defined Benefit Pension Items [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Accumulated other comprehensive (loss) income, beginning | -23.3 | -23.5 | -23.6 | -23.5 |
Other Comprehensive Income (Loss), before Reclassifications | 0 | -0.3 | 0 | -1 |
Amounts reclassified from accumulated other comprehensive (loss) income | 0.2 | 0.3 | 0.5 | 1 |
Net comprehensive (Loss) income | 0.2 | 0 | 0.5 | 0 |
Accumulated other comprehensive (loss) income, ending | -23.1 | -23.5 | -23.1 | -23.5 |
Foreign Currency Translation Adjustment [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Accumulated other comprehensive (loss) income, beginning | -7.6 | -5 | 5.6 | -6.1 |
Other Comprehensive Income (Loss), before Reclassifications | 14.1 | 11.6 | 0.9 | 12.7 |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 | 0 | 0 | 0 |
Net comprehensive (Loss) income | 14.1 | 11.6 | 0.9 | 12.7 |
Accumulated other comprehensive (loss) income, ending | $6.50 | $6.60 | $6.50 | $6.60 |
ACCUMULATED_OTHER_COMPREHENSIV3
ACCUMULATED OTHER COMPREHENSIVE LOSS, Part II (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Cost of goods sold | ($662.40) | ($670.80) | ($1,867.60) | ($1,792) | ||||
Selling, general and administrative expenses | -296.5 | -301.9 | -917.9 | -909.6 | ||||
Provision for income taxes | -17.4 | -7.2 | -16 | -11.6 | ||||
Net of tax | 29.7 | 17.8 | 27.4 | 25.2 | ||||
Total reclassifications | 0 | 0.3 | 0.1 | 1.1 | ||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total reclassifications | 0 | [1] | -0.3 | [1] | -0.1 | [1] | -1.1 | [1] |
Gains (Losses) on Cash Flow Hedges [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total reclassifications | -0.2 | 0 | -0.4 | 0.1 | ||||
Gains (Losses) on Cash Flow Hedges [Member] | Foreign Exchange Contract [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Cost of goods sold | 0.3 | [1] | 0 | [1] | 0.5 | [1] | -0.1 | [1] |
Provision for income taxes | -0.1 | [1] | 0 | [1] | -0.1 | [1] | 0 | [1] |
Net of tax | 0.2 | [1] | 0 | [1] | 0.4 | [1] | -0.1 | [1] |
Defined Benefit Pension Items [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total reclassifications | 0.2 | 0.3 | 0.5 | 1 | ||||
Defined Benefit Pension Items [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Selling, general and administrative expenses | -0.3 | [1] | -0.5 | [1] | -0.8 | [1] | -1.6 | [1] |
Provision for income taxes | 0.1 | [1] | 0.2 | [1] | 0.3 | [1] | 0.6 | [1] |
Net of tax | ($0.20) | [1] | ($0.30) | [1] | ($0.50) | [1] | ($1) | [1] |
[1] | Amounts in parenthesis indicate debits to profit/loss. |
SUPPLEMENTAL_CONDENSED_FINANCI2
SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Oct. 05, 2013 | Sep. 29, 2012 | Oct. 05, 2013 | Sep. 29, 2012 | Jul. 06, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
CURRENT ASSETS: | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | $27.80 | $234.10 | $27.80 | $234.10 | ' | ' | ' | ' |
Accounts receivable | 461.1 | 486.2 | 461.1 | 486.2 | ' | 381 | ' | ' |
Inventories, primarily finished goods | 568.8 | 523.7 | 568.8 | 523.7 | ' | 486.7 | ' | ' |
Prepaid and refundable income taxes | 2.7 | 2.2 | 2.7 | 2.2 | ' | 5.5 | ' | ' |
Deferred taxes | 38.5 | 32.5 | 38.5 | 32.5 | ' | 33.2 | ' | ' |
Prepaid expenses and other current assets | 53.8 | ' | 53.8 | ' | ' | 40.7 | ' | ' |
Total current assets | 1,152.70 | 1,321.10 | 1,152.70 | 1,321.10 | ' | 1,096.70 | ' | ' |
Property, plant and equipment | 260.4 | 276.2 | 260.4 | 276.2 | ' | 278.1 | ' | ' |
Due from affiliates | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | 215.1 | 262.5 | 215.1 | 262.5 | ' | 215.3 | ' | 255.3 |
Other intangibles | 858.5 | 901.5 | 858.5 | 901.5 | ' | 869.7 | ' | ' |
Deferred taxes | ' | ' | ' | ' | ' | ' | ' | ' |
Investments in subsidiaries | 54.9 | 38.4 | 54.9 | 38.4 | ' | 38.9 | ' | ' |
Other assets | 93 | 99.8 | 93 | 99.8 | ' | 96.8 | ' | ' |
Total assets | 2,634.60 | 2,899.50 | 2,634.60 | 2,899.50 | ' | 2,595.50 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' | ' | ' | ' | ' |
Short-term borrowings | 78 | ' | 78 | ' | ' | ' | ' | ' |
Current portion of long-term debt and capital lease obligations | 2.2 | 2.1 | 2.2 | 2.1 | ' | 2.2 | ' | ' |
Current portion of acquisition consideration payable | 2.4 | 230.2 | 2.4 | 230.2 | ' | 30.3 | ' | ' |
Accounts payable | 253 | 252.2 | 253 | 252.2 | ' | 257.5 | ' | ' |
Income taxes payable | 4.2 | 17.5 | 4.2 | 17.5 | ' | 1.4 | ' | ' |
Accrued expenses and other current liabilities | 147.5 | ' | 147.5 | ' | ' | 160.8 | ' | ' |
Total current liabilities | 487.3 | 654 | 487.3 | 654 | ' | 452.2 | ' | ' |
Long-term debt | 931.3 | 936.3 | 931.3 | 936.3 | ' | 934.4 | ' | ' |
Obligations under capital leases | 19.6 | 21.8 | 19.6 | 21.8 | ' | 21.3 | ' | ' |
Income taxes payable | 0.3 | 0.3 | 0.3 | 0.3 | ' | 0.5 | ' | ' |
Deferred taxes | 67.2 | 66.5 | 67.2 | 66.5 | ' | 56.7 | ' | ' |
Acquisition consideration payable | 4 | 5 | 4 | 5 | ' | 6 | ' | ' |
Due to affiliates | ' | ' | ' | ' | ' | ' | ' | ' |
Other noncurrent liabilities | 104.4 | 117.4 | 104.4 | 117.4 | ' | 118.1 | ' | ' |
Total liabilities | 1,614.10 | 1,801.30 | 1,614.10 | 1,801.30 | ' | 1,589.20 | ' | ' |
Redeemable noncontrolling interest | 0.7 | 0.6 | 0.7 | 0.6 | ' | 0.6 | ' | ' |
EQUITY: | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock and additional paid-in capital | 527.9 | ' | 527.9 | ' | ' | 521.6 | ' | ' |
Retained earnings | 507.3 | 590.5 | 507.3 | 590.5 | ' | 501.1 | ' | ' |
Accumulated other comprehensive (loss) income | -16.4 | -16.9 | -16.4 | -16.9 | -30.4 | -17.9 | -28.2 | -29.6 |
Total Jones stockholders' equity | 1,018.80 | 1,096.60 | 1,018.80 | 1,096.60 | ' | 1,004.80 | ' | ' |
Noncontrolling interests | 1 | 1 | 1 | 1 | ' | 0.9 | ' | ' |
Total equity | 1,019.80 | 1,097.60 | 1,019.80 | 1,097.60 | ' | 1,005.70 | ' | 1,089.40 |
Total liabilities and equity | 2,634.60 | 2,899.50 | 2,634.60 | 2,899.50 | ' | 2,595.50 | ' | ' |
Condensed Consolidating Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | 1,011 | 1,024.60 | 2,843.80 | 2,792.30 | ' | ' | ' | ' |
Licensing income | 10.7 | 10.5 | 31.6 | 33 | ' | ' | ' | ' |
Other revenues | 0 | 0.3 | 0.6 | 0.9 | ' | ' | ' | ' |
Total revenues | 1,021.70 | 1,035.40 | 2,876 | 2,826.20 | ' | ' | ' | ' |
Cost of goods sold | 662.4 | 670.8 | 1,867.60 | 1,792 | ' | ' | ' | ' |
Gross profit | 359.3 | 364.6 | 1,008.40 | 1,034.20 | ' | ' | ' | ' |
Selling, general and administrative expenses | 296.5 | 301.9 | 917.9 | 909.6 | ' | ' | ' | ' |
Operating (loss) income | 62.8 | 62.7 | 90.5 | 124.6 | ' | ' | ' | ' |
Net interest expense and financing costs | 14.8 | 37.7 | 46.3 | 89.2 | ' | ' | ' | ' |
Equity in (loss) income of unconsolidated affiliate | -0.9 | 0 | -0.8 | 1.4 | ' | ' | ' | ' |
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries | 47.1 | 25 | 43.4 | 36.8 | ' | ' | ' | ' |
(Benefit) provision for income taxes | 17.4 | 7.2 | 16 | 11.6 | ' | ' | ' | ' |
Equity in earnings of subsidiaries | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Net income | 29.7 | 17.8 | 27.4 | 25.2 | ' | ' | ' | ' |
Less: income attributable to noncontrolling interest | 0.4 | 0.4 | 1 | 0.9 | ' | ' | ' | ' |
Income attributable to Jones | 29.3 | 17.4 | 26.4 | 24.3 | ' | ' | ' | ' |
Condensed Consolidating Statements of Other Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 29.7 | 17.8 | 27.4 | 25.2 | ' | ' | ' | ' |
Other comprehensive income: | ' | ' | ' | ' | ' | ' | ' | ' |
Change in fair value of cash flow hedges, net of tax | -0.1 | -0.3 | 0.5 | -0.1 | ' | ' | ' | ' |
Reclassification adjustment for hedge gains and losses included in net income, net of tax | -0.2 | 0 | -0.4 | 0.1 | ' | ' | ' | ' |
Pension and postretirement liability adjustments, net of tax | 0.2 | 0 | 0.5 | 0 | ' | ' | ' | ' |
Foreign currency translation adjustments | 14.1 | 11.6 | 0.9 | 12.7 | ' | ' | ' | ' |
Total other comprehensive income | 14 | 11.3 | 1.5 | 12.7 | ' | ' | ' | ' |
Comprehensive income | 43.7 | 29.1 | 28.9 | 37.9 | ' | ' | ' | ' |
Condensed Consolidating Statements Of Cash Flows [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash (used in) provided by operating activities | ' | ' | -92.5 | 13.1 | ' | ' | ' | ' |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Capital expenditures | ' | ' | -45.2 | -57.1 | ' | ' | ' | ' |
Notes receivable issued | ' | ' | -7.1 | 0 | ' | ' | ' | ' |
Acquisition of additional equity interest in GRI | ' | ' | -14.7 | ' | ' | ' | ' | ' |
Contingent consideration paid related to investment in GRI | ' | ' | ' | -3.5 | ' | ' | ' | ' |
Acquisition of Brian Atwood, net of cash acquired | ' | ' | -0.5 | -4.4 | ' | ' | ' | ' |
Proceeds from sale of trademark | ' | ' | ' | 5 | ' | ' | ' | ' |
Other | ' | ' | 0.1 | -0.1 | ' | ' | ' | ' |
Net cash used in investing activities | ' | ' | -67.4 | -60.1 | ' | ' | ' | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Net increase in short-term borrowings | ' | ' | 78 | ' | ' | ' | ' | ' |
Issuance of 6.875% Senior Notes due 2019 | ' | ' | ' | 103.5 | ' | ' | ' | ' |
Debt issuance costs | ' | ' | ' | -2.3 | ' | ' | ' | ' |
Costs related to secured revolving credit agreement | ' | ' | -0.3 | -0.3 | ' | ' | ' | ' |
Dividends paid | ' | ' | -11.6 | -11.7 | ' | ' | ' | ' |
Repurchases of common shares | ' | ' | -14.5 | -34 | ' | ' | ' | ' |
Payments of acquisition consideration payable | ' | ' | -9.4 | -14.6 | ' | ' | ' | ' |
Other items, net | ' | ' | -2.3 | 0.2 | ' | ' | ' | ' |
Net cash provided by (used in) financing activities | ' | ' | 39.9 | 40.8 | ' | ' | ' | ' |
Effect of exchange rates on cash | ' | ' | -1.8 | 1.5 | ' | ' | ' | ' |
Net (decrease) increase in cash and cash equivalents | ' | ' | -121.8 | -4.7 | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, BEGINNING | ' | ' | 149.6 | 238.8 | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, ENDING | 27.8 | 234.1 | 27.8 | 234.1 | ' | ' | ' | ' |
Jones [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Accounts receivable | ' | ' | ' | ' | ' | ' | ' | ' |
Inventories, primarily finished goods | ' | ' | ' | ' | ' | ' | ' | ' |
Prepaid and refundable income taxes | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred taxes | ' | ' | ' | ' | ' | ' | ' | ' |
Prepaid expenses and other current assets | 0.5 | ' | 0.5 | ' | ' | 0 | ' | ' |
Total current assets | 0.5 | ' | 0.5 | ' | ' | 0 | ' | ' |
Property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' |
Due from affiliates | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | ' | ' | ' | ' | ' | ' | ' | ' |
Other intangibles | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred taxes | ' | ' | ' | ' | ' | ' | ' | ' |
Investments in subsidiaries | 1,839.20 | ' | 1,839.20 | ' | ' | 1,811.40 | ' | ' |
Other assets | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 1,839.70 | ' | 1,839.70 | ' | ' | 1,811.40 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' | ' | ' | ' | ' |
Short-term borrowings | ' | ' | ' | ' | ' | ' | ' | ' |
Current portion of long-term debt and capital lease obligations | ' | ' | ' | ' | ' | ' | ' | ' |
Current portion of acquisition consideration payable | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable | 0.4 | ' | 0.4 | ' | ' | ' | ' | ' |
Income taxes payable | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued expenses and other current liabilities | 6.6 | ' | 6.6 | ' | ' | 8.5 | ' | ' |
Total current liabilities | 7 | ' | 7 | ' | ' | 8.5 | ' | ' |
Long-term debt | ' | ' | ' | ' | ' | ' | ' | ' |
Obligations under capital leases | ' | ' | ' | ' | ' | ' | ' | ' |
Income taxes payable | ' | ' | ' | ' | ' | 0 | ' | ' |
Deferred taxes | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition consideration payable | ' | ' | ' | ' | ' | ' | ' | ' |
Due to affiliates | 832.5 | ' | 832.5 | ' | ' | 816.7 | ' | ' |
Other noncurrent liabilities | 5 | ' | 5 | ' | ' | 5 | ' | ' |
Total liabilities | 844.5 | ' | 844.5 | ' | ' | 830.2 | ' | ' |
Redeemable noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' |
EQUITY: | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock and additional paid-in capital | 527.9 | ' | 527.9 | ' | ' | 521.6 | ' | ' |
Retained earnings | 483.7 | ' | 483.7 | ' | ' | 477.5 | ' | ' |
Accumulated other comprehensive (loss) income | -16.4 | ' | -16.4 | ' | ' | -17.9 | ' | ' |
Total Jones stockholders' equity | 995.2 | ' | 995.2 | ' | ' | 981.2 | ' | ' |
Noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' |
Total equity | 995.2 | ' | 995.2 | ' | ' | 981.2 | ' | ' |
Total liabilities and equity | 1,839.70 | ' | 1,839.70 | ' | ' | 1,811.40 | ' | ' |
Condensed Consolidating Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' |
Licensing income | ' | ' | ' | ' | ' | ' | ' | ' |
Other revenues | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of goods sold | ' | ' | ' | ' | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' |
Operating (loss) income | ' | ' | ' | ' | ' | ' | ' | ' |
Net interest expense and financing costs | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in (loss) income of unconsolidated affiliate | ' | ' | ' | ' | ' | ' | ' | ' |
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' |
(Benefit) provision for income taxes | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in earnings of subsidiaries | 29.1 | 17.3 | 26.4 | 25.1 | ' | ' | ' | ' |
Net income | 29.1 | 17.3 | 26.4 | 25.1 | ' | ' | ' | ' |
Less: income attributable to noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' |
Income attributable to Jones | 29.1 | 17.3 | 26.4 | 25.1 | ' | ' | ' | ' |
Condensed Consolidating Statements of Other Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 29.1 | 17.3 | 26.4 | 25.1 | ' | ' | ' | ' |
Other comprehensive income: | ' | ' | ' | ' | ' | ' | ' | ' |
Change in fair value of cash flow hedges, net of tax | -0.1 | -0.3 | 0.5 | -0.1 | ' | ' | ' | ' |
Reclassification adjustment for hedge gains and losses included in net income, net of tax | -0.2 | 0 | -0.4 | 0.1 | ' | ' | ' | ' |
Pension and postretirement liability adjustments, net of tax | 0.2 | 0 | 0.5 | 0 | ' | ' | ' | ' |
Foreign currency translation adjustments | 14.1 | 11.6 | 0.9 | 12.7 | ' | ' | ' | ' |
Total other comprehensive income | 14 | 11.3 | 1.5 | 12.7 | ' | ' | ' | ' |
Comprehensive income | 43.1 | 28.6 | 27.9 | 37.8 | ' | ' | ' | ' |
Condensed Consolidating Statements Of Cash Flows [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash (used in) provided by operating activities | ' | ' | 0 | 0 | ' | ' | ' | ' |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' |
Notes receivable issued | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of additional equity interest in GRI | ' | ' | ' | ' | ' | ' | ' | ' |
Contingent consideration paid related to investment in GRI | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of Brian Atwood, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of trademark | ' | ' | ' | ' | ' | ' | ' | ' |
Other | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash used in investing activities | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Net increase in short-term borrowings | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 6.875% Senior Notes due 2019 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt issuance costs | ' | ' | ' | ' | ' | ' | ' | ' |
Costs related to secured revolving credit agreement | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' |
Repurchases of common shares | ' | ' | ' | ' | ' | ' | ' | ' |
Payments of acquisition consideration payable | ' | ' | ' | ' | ' | ' | ' | ' |
Other items, net | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash provided by (used in) financing activities | ' | ' | ' | ' | ' | ' | ' | ' |
Effect of exchange rates on cash | ' | ' | 0 | 0 | ' | ' | ' | ' |
Net (decrease) increase in cash and cash equivalents | ' | ' | 0 | 0 | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, BEGINNING | ' | ' | 0 | 0 | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, ENDING | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts receivable | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Inventories, primarily finished goods | -1.1 | ' | -1.1 | ' | ' | -1.2 | ' | ' |
Prepaid and refundable income taxes | -21.7 | ' | -21.7 | ' | ' | -13.4 | ' | ' |
Deferred taxes | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Prepaid expenses and other current assets | -0.7 | ' | -0.7 | ' | ' | -1.1 | ' | ' |
Total current assets | -23.5 | ' | -23.5 | ' | ' | -15.7 | ' | ' |
Property, plant and equipment | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Due from affiliates | -832.5 | ' | -832.5 | ' | ' | -319 | ' | ' |
Goodwill | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Other intangibles | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Deferred taxes | -89.4 | ' | -89.4 | ' | ' | -93 | ' | ' |
Investments in subsidiaries | -3,709.30 | ' | -3,709.30 | ' | ' | -1,745.60 | ' | ' |
Other assets | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Total assets | -4,654.70 | ' | -4,654.70 | ' | ' | -2,173.30 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' | ' | ' | ' | ' |
Short-term borrowings | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Current portion of long-term debt and capital lease obligations | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Current portion of acquisition consideration payable | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Accounts payable | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Income taxes payable | -42 | ' | -42 | ' | ' | -33.6 | ' | ' |
Accrued expenses and other current liabilities | -0.7 | ' | -0.7 | ' | ' | -1.1 | ' | ' |
Total current liabilities | -42.7 | ' | -42.7 | ' | ' | -34.7 | ' | ' |
Long-term debt | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Obligations under capital leases | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Income taxes payable | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Deferred taxes | -95.4 | ' | -95.4 | ' | ' | -99 | ' | ' |
Acquisition consideration payable | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Due to affiliates | -832.5 | ' | -832.5 | ' | ' | -319 | ' | ' |
Other noncurrent liabilities | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Total liabilities | -970.6 | ' | -970.6 | ' | ' | -452.7 | ' | ' |
Redeemable noncontrolling interest | 0 | ' | 0 | ' | ' | 0 | ' | ' |
EQUITY: | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock and additional paid-in capital | -2,224 | ' | -2,224 | ' | ' | -948 | ' | ' |
Retained earnings | -1,472.80 | ' | -1,472.80 | ' | ' | -769.8 | ' | ' |
Accumulated other comprehensive (loss) income | 12.7 | ' | 12.7 | ' | ' | -2.8 | ' | ' |
Total Jones stockholders' equity | -3,684.10 | ' | -3,684.10 | ' | ' | -1,720.60 | ' | ' |
Noncontrolling interests | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Total equity | -3,684.10 | ' | -3,684.10 | ' | ' | -1,720.60 | ' | ' |
Total liabilities and equity | -4,654.70 | ' | -4,654.70 | ' | ' | -2,173.30 | ' | ' |
Condensed Consolidating Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | -8.1 | -7.7 | -20.2 | -20.5 | ' | ' | ' | ' |
Licensing income | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Other revenues | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Total revenues | -8.1 | -7.7 | -20.2 | -20.5 | ' | ' | ' | ' |
Cost of goods sold | -5.8 | -5.6 | -14.2 | -13.1 | ' | ' | ' | ' |
Gross profit | -2.3 | -2.1 | -6 | -7.4 | ' | ' | ' | ' |
Selling, general and administrative expenses | -2 | -2.1 | -6.2 | -6.3 | ' | ' | ' | ' |
Operating (loss) income | -0.3 | 0 | 0.2 | -1.1 | ' | ' | ' | ' |
Net interest expense and financing costs | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Equity in (loss) income of unconsolidated affiliate | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries | -0.3 | 0 | 0.2 | -1.1 | ' | ' | ' | ' |
(Benefit) provision for income taxes | 0.1 | 0 | 0 | -0.4 | ' | ' | ' | ' |
Equity in earnings of subsidiaries | -77 | -71.6 | -140.4 | -157.7 | ' | ' | ' | ' |
Net income | -77.4 | -71.6 | -140.2 | -158.4 | ' | ' | ' | ' |
Less: income attributable to noncontrolling interest | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Income attributable to Jones | -77.4 | -71.6 | -140.2 | -158.4 | ' | ' | ' | ' |
Condensed Consolidating Statements of Other Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | -77.4 | -71.6 | -140.2 | -158.4 | ' | ' | ' | ' |
Other comprehensive income: | ' | ' | ' | ' | ' | ' | ' | ' |
Change in fair value of cash flow hedges, net of tax | 0.2 | 0.6 | -1 | 0.2 | ' | ' | ' | ' |
Reclassification adjustment for hedge gains and losses included in net income, net of tax | 0.4 | 0 | 0.8 | -0.2 | ' | ' | ' | ' |
Pension and postretirement liability adjustments, net of tax | -0.2 | 0 | -0.5 | 0 | ' | ' | ' | ' |
Foreign currency translation adjustments | -28.2 | -23 | -1.8 | -25.2 | ' | ' | ' | ' |
Total other comprehensive income | -27.8 | -22.4 | -2.5 | -25.2 | ' | ' | ' | ' |
Comprehensive income | -105.2 | -94 | -142.7 | -183.6 | ' | ' | ' | ' |
Condensed Consolidating Statements Of Cash Flows [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash (used in) provided by operating activities | ' | ' | -6.6 | -12.6 | ' | ' | ' | ' |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' |
Notes receivable issued | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of additional equity interest in GRI | ' | ' | ' | ' | ' | ' | ' | ' |
Contingent consideration paid related to investment in GRI | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of Brian Atwood, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of trademark | ' | ' | ' | ' | ' | ' | ' | ' |
Other | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash used in investing activities | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Net increase in short-term borrowings | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 6.875% Senior Notes due 2019 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt issuance costs | ' | ' | ' | ' | ' | ' | ' | ' |
Costs related to secured revolving credit agreement | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends paid | ' | ' | 6.6 | 12.6 | ' | ' | ' | ' |
Repurchases of common shares | ' | ' | ' | ' | ' | ' | ' | ' |
Payments of acquisition consideration payable | ' | ' | ' | ' | ' | ' | ' | ' |
Other items, net | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash provided by (used in) financing activities | ' | ' | 6.6 | 12.6 | ' | ' | ' | ' |
Effect of exchange rates on cash | ' | ' | ' | ' | ' | ' | ' | ' |
Net (decrease) increase in cash and cash equivalents | ' | ' | 0 | 0 | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, BEGINNING | ' | ' | ' | ' | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, ENDING | ' | ' | ' | ' | ' | ' | ' | ' |
Issuers [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Subsidiaries functioning as co-issuers and co-obligors of outstanding debt of parent, percentage owned | ' | ' | 100.00% | 100.00% | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 8.6 | 187.2 | 8.6 | 187.2 | ' | ' | ' | ' |
Accounts receivable | 266.2 | ' | 266.2 | ' | ' | 191 | ' | ' |
Inventories, primarily finished goods | 301.4 | ' | 301.4 | ' | ' | 261.7 | ' | ' |
Prepaid and refundable income taxes | 22.8 | ' | 22.8 | ' | ' | 18.6 | ' | ' |
Deferred taxes | 25.3 | ' | 25.3 | ' | ' | 17.9 | ' | ' |
Prepaid expenses and other current assets | 27.5 | ' | 27.5 | ' | ' | 23.6 | ' | ' |
Total current assets | 651.8 | ' | 651.8 | ' | ' | 595.4 | ' | ' |
Property, plant and equipment | 59.3 | ' | 59.3 | ' | ' | 64.6 | ' | ' |
Due from affiliates | 348.4 | ' | 348.4 | ' | ' | 0 | ' | ' |
Goodwill | 49.9 | ' | 49.9 | ' | ' | 49.9 | ' | ' |
Other intangibles | 5.4 | ' | 5.4 | ' | ' | 6 | ' | ' |
Deferred taxes | 89.4 | ' | 89.4 | ' | ' | 93 | ' | ' |
Investments in subsidiaries | 1,870.10 | ' | 1,870.10 | ' | ' | 1,745.60 | ' | ' |
Other assets | 69.6 | ' | 69.6 | ' | ' | 67.7 | ' | ' |
Total assets | 3,143.90 | ' | 3,143.90 | ' | ' | 2,622.20 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' | ' | ' | ' | ' |
Short-term borrowings | 78 | ' | 78 | ' | ' | 0 | ' | ' |
Current portion of long-term debt and capital lease obligations | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Current portion of acquisition consideration payable | 2.4 | ' | 2.4 | ' | ' | 30.3 | ' | ' |
Accounts payable | 143.3 | ' | 143.3 | ' | ' | 156.2 | ' | ' |
Income taxes payable | 0 | ' | 0 | ' | ' | 22.1 | ' | ' |
Accrued expenses and other current liabilities | 67.1 | ' | 67.1 | ' | ' | 79.1 | ' | ' |
Total current liabilities | 290.8 | ' | 290.8 | ' | ' | 287.7 | ' | ' |
Long-term debt | 931.3 | ' | 931.3 | ' | ' | 934.4 | ' | ' |
Obligations under capital leases | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Income taxes payable | 0.3 | ' | 0.3 | ' | ' | 0.5 | ' | ' |
Deferred taxes | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Acquisition consideration payable | 4 | ' | 4 | ' | ' | 6 | ' | ' |
Due to affiliates | 0 | ' | 0 | ' | ' | 319 | ' | ' |
Other noncurrent liabilities | 78.2 | ' | 78.2 | ' | ' | 93.1 | ' | ' |
Total liabilities | 1,304.60 | ' | 1,304.60 | ' | ' | 1,640.70 | ' | ' |
Redeemable noncontrolling interest | 0 | ' | 0 | ' | ' | 0 | ' | ' |
EQUITY: | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock and additional paid-in capital | 1,294.30 | ' | 1,294.30 | ' | ' | 521.6 | ' | ' |
Retained earnings | 561.4 | ' | 561.4 | ' | ' | 477.8 | ' | ' |
Accumulated other comprehensive (loss) income | -16.4 | ' | -16.4 | ' | ' | -17.9 | ' | ' |
Total Jones stockholders' equity | 1,839.30 | ' | 1,839.30 | ' | ' | 981.5 | ' | ' |
Noncontrolling interests | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Total equity | 1,839.30 | ' | 1,839.30 | ' | ' | 981.5 | ' | ' |
Total liabilities and equity | 3,143.90 | ' | 3,143.90 | ' | ' | 2,622.20 | ' | ' |
Condensed Consolidating Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | 613.9 | 633.2 | 1,674.40 | 1,720.40 | ' | ' | ' | ' |
Licensing income | 0.1 | 0 | 0.4 | 0 | ' | ' | ' | ' |
Other revenues | 0 | 0.3 | 0.6 | 0.9 | ' | ' | ' | ' |
Total revenues | 614 | 633.5 | 1,675.40 | 1,721.30 | ' | ' | ' | ' |
Cost of goods sold | 417 | 430.3 | 1,133.20 | 1,141.50 | ' | ' | ' | ' |
Gross profit | 197 | 203.2 | 542.2 | 579.8 | ' | ' | ' | ' |
Selling, general and administrative expenses | 203.3 | 214.2 | 627 | 637 | ' | ' | ' | ' |
Operating (loss) income | -6.3 | -11 | -84.8 | -57.2 | ' | ' | ' | ' |
Net interest expense and financing costs | 13.5 | 36.3 | 42.4 | 88.7 | ' | ' | ' | ' |
Equity in (loss) income of unconsolidated affiliate | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries | -19.8 | -47.3 | -127.2 | -145.9 | ' | ' | ' | ' |
(Benefit) provision for income taxes | -1 | -10.3 | -39.6 | -38.4 | ' | ' | ' | ' |
Equity in earnings of subsidiaries | 47.9 | 54.3 | 114 | 132.6 | ' | ' | ' | ' |
Net income | 29.1 | 17.3 | 26.4 | 25.1 | ' | ' | ' | ' |
Less: income attributable to noncontrolling interest | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Income attributable to Jones | 29.1 | 17.3 | 26.4 | 25.1 | ' | ' | ' | ' |
Condensed Consolidating Statements of Other Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 29.1 | 17.3 | 26.4 | 25.1 | ' | ' | ' | ' |
Other comprehensive income: | ' | ' | ' | ' | ' | ' | ' | ' |
Change in fair value of cash flow hedges, net of tax | -0.1 | -0.3 | 0.5 | -0.1 | ' | ' | ' | ' |
Reclassification adjustment for hedge gains and losses included in net income, net of tax | -0.2 | 0 | -0.4 | 0.1 | ' | ' | ' | ' |
Pension and postretirement liability adjustments, net of tax | 0.2 | 0 | 0.5 | 0 | ' | ' | ' | ' |
Foreign currency translation adjustments | 14.1 | 11.6 | 0.9 | 12.7 | ' | ' | ' | ' |
Total other comprehensive income | 14 | 11.3 | 1.5 | 12.7 | ' | ' | ' | ' |
Comprehensive income | 43.1 | 28.6 | 27.9 | 37.8 | ' | ' | ' | ' |
Condensed Consolidating Statements Of Cash Flows [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash (used in) provided by operating activities | ' | ' | -104.9 | -46.5 | ' | ' | ' | ' |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Capital expenditures | ' | ' | -11.8 | -14.6 | ' | ' | ' | ' |
Notes receivable issued | ' | ' | -6.1 | 0 | ' | ' | ' | ' |
Acquisition of additional equity interest in GRI | ' | ' | 0 | 0 | ' | ' | ' | ' |
Contingent consideration paid related to investment in GRI | ' | ' | 0 | 0 | ' | ' | ' | ' |
Acquisition of Brian Atwood, net of cash acquired | ' | ' | -0.5 | -5 | ' | ' | ' | ' |
Proceeds from sale of trademark | ' | ' | 0 | 0 | ' | ' | ' | ' |
Other | ' | ' | 0 | 0 | ' | ' | ' | ' |
Net cash used in investing activities | ' | ' | -18.4 | -19.6 | ' | ' | ' | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Net increase in short-term borrowings | ' | ' | 78 | 0 | ' | ' | ' | ' |
Issuance of 6.875% Senior Notes due 2019 | ' | ' | 0 | 103.5 | ' | ' | ' | ' |
Debt issuance costs | ' | ' | 0 | -2.3 | ' | ' | ' | ' |
Costs related to secured revolving credit agreement | ' | ' | -0.3 | -0.3 | ' | ' | ' | ' |
Dividends paid | ' | ' | -11.6 | -11.7 | ' | ' | ' | ' |
Repurchases of common shares | ' | ' | -14.5 | -34 | ' | ' | ' | ' |
Payments of acquisition consideration payable | ' | ' | -2.4 | 0 | ' | ' | ' | ' |
Other items, net | ' | ' | 0.1 | 2.3 | ' | ' | ' | ' |
Net cash provided by (used in) financing activities | ' | ' | 49.3 | 57.5 | ' | ' | ' | ' |
Effect of exchange rates on cash | ' | ' | 0 | 0 | ' | ' | ' | ' |
Net (decrease) increase in cash and cash equivalents | ' | ' | -74 | -8.6 | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, BEGINNING | ' | ' | 82.6 | 195.8 | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, ENDING | 8.6 | 187.2 | 8.6 | 187.2 | ' | ' | ' | ' |
Others [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 19.2 | 46.9 | 19.2 | 46.9 | ' | ' | ' | ' |
Accounts receivable | 194.9 | ' | 194.9 | ' | ' | 190 | ' | ' |
Inventories, primarily finished goods | 268.5 | ' | 268.5 | ' | ' | 226.2 | ' | ' |
Prepaid and refundable income taxes | 1.6 | ' | 1.6 | ' | ' | 0.3 | ' | ' |
Deferred taxes | 13.2 | ' | 13.2 | ' | ' | 15.3 | ' | ' |
Prepaid expenses and other current assets | 26.5 | ' | 26.5 | ' | ' | 18.2 | ' | ' |
Total current assets | 523.9 | ' | 523.9 | ' | ' | 517 | ' | ' |
Property, plant and equipment | 201.1 | ' | 201.1 | ' | ' | 213.5 | ' | ' |
Due from affiliates | 484.1 | ' | 484.1 | ' | ' | 319 | ' | ' |
Goodwill | 165.2 | ' | 165.2 | ' | ' | 165.4 | ' | ' |
Other intangibles | 853.1 | ' | 853.1 | ' | ' | 863.7 | ' | ' |
Deferred taxes | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Investments in subsidiaries | 54.9 | ' | 54.9 | ' | ' | 38.9 | ' | ' |
Other assets | 23.4 | ' | 23.4 | ' | ' | 29.1 | ' | ' |
Total assets | 2,305.70 | ' | 2,305.70 | ' | ' | 2,146.60 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' | ' | ' | ' | ' |
Short-term borrowings | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Current portion of long-term debt and capital lease obligations | 2.2 | ' | 2.2 | ' | ' | 2.2 | ' | ' |
Current portion of acquisition consideration payable | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Accounts payable | 109.3 | ' | 109.3 | ' | ' | 101.3 | ' | ' |
Income taxes payable | 46.2 | ' | 46.2 | ' | ' | 12.9 | ' | ' |
Accrued expenses and other current liabilities | 74.5 | ' | 74.5 | ' | ' | 82.8 | ' | ' |
Total current liabilities | 232.2 | ' | 232.2 | ' | ' | 199.2 | ' | ' |
Long-term debt | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Obligations under capital leases | 19.6 | ' | 19.6 | ' | ' | 21.3 | ' | ' |
Income taxes payable | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Deferred taxes | 162.6 | ' | 162.6 | ' | ' | 155.7 | ' | ' |
Acquisition consideration payable | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Due to affiliates | 0 | ' | 0 | ' | ' | 0 | ' | ' |
Other noncurrent liabilities | 21.2 | ' | 21.2 | ' | ' | 25 | ' | ' |
Total liabilities | 435.6 | ' | 435.6 | ' | ' | 401.2 | ' | ' |
Redeemable noncontrolling interest | 0.7 | ' | 0.7 | ' | ' | 0.6 | ' | ' |
EQUITY: | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock and additional paid-in capital | 929.7 | ' | 929.7 | ' | ' | 948 | ' | ' |
Retained earnings | 935 | ' | 935 | ' | ' | 793.1 | ' | ' |
Accumulated other comprehensive (loss) income | 3.7 | ' | 3.7 | ' | ' | 2.8 | ' | ' |
Total Jones stockholders' equity | 1,868.40 | ' | 1,868.40 | ' | ' | 1,743.90 | ' | ' |
Noncontrolling interests | 1 | ' | 1 | ' | ' | 0.9 | ' | ' |
Total equity | 1,869.40 | ' | 1,869.40 | ' | ' | 1,744.80 | ' | ' |
Total liabilities and equity | 2,305.70 | ' | 2,305.70 | ' | ' | 2,146.60 | ' | ' |
Condensed Consolidating Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | 405.2 | 399.1 | 1,189.60 | 1,092.40 | ' | ' | ' | ' |
Licensing income | 10.6 | 10.5 | 31.2 | 33 | ' | ' | ' | ' |
Other revenues | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Total revenues | 415.8 | 409.6 | 1,220.80 | 1,125.40 | ' | ' | ' | ' |
Cost of goods sold | 251.2 | 246.1 | 748.6 | 663.6 | ' | ' | ' | ' |
Gross profit | 164.6 | 163.5 | 472.2 | 461.8 | ' | ' | ' | ' |
Selling, general and administrative expenses | 95.2 | 89.8 | 297.1 | 278.9 | ' | ' | ' | ' |
Operating (loss) income | 69.4 | 73.7 | 175.1 | 182.9 | ' | ' | ' | ' |
Net interest expense and financing costs | 1.3 | 1.4 | 3.9 | 0.5 | ' | ' | ' | ' |
Equity in (loss) income of unconsolidated affiliate | -0.9 | 0 | -0.8 | 1.4 | ' | ' | ' | ' |
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries | 67.2 | 72.3 | 170.4 | 183.8 | ' | ' | ' | ' |
(Benefit) provision for income taxes | 18.3 | 17.5 | 55.6 | 50.4 | ' | ' | ' | ' |
Equity in earnings of subsidiaries | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Net income | 48.9 | 54.8 | 114.8 | 133.4 | ' | ' | ' | ' |
Less: income attributable to noncontrolling interest | 0.4 | 0.4 | 1 | 0.9 | ' | ' | ' | ' |
Income attributable to Jones | 48.5 | 54.4 | 113.8 | 132.5 | ' | ' | ' | ' |
Condensed Consolidating Statements of Other Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 48.9 | 54.8 | 114.8 | 133.4 | ' | ' | ' | ' |
Other comprehensive income: | ' | ' | ' | ' | ' | ' | ' | ' |
Change in fair value of cash flow hedges, net of tax | -0.1 | -0.3 | 0.5 | -0.1 | ' | ' | ' | ' |
Reclassification adjustment for hedge gains and losses included in net income, net of tax | -0.2 | 0 | -0.4 | 0.1 | ' | ' | ' | ' |
Pension and postretirement liability adjustments, net of tax | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Foreign currency translation adjustments | 14.1 | 11.4 | 0.9 | 12.5 | ' | ' | ' | ' |
Total other comprehensive income | 13.8 | 11.1 | 1 | 12.5 | ' | ' | ' | ' |
Comprehensive income | 62.7 | 65.9 | 115.8 | 145.9 | ' | ' | ' | ' |
Condensed Consolidating Statements Of Cash Flows [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash (used in) provided by operating activities | ' | ' | 19 | 72.2 | ' | ' | ' | ' |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Capital expenditures | ' | ' | -33.4 | -42.5 | ' | ' | ' | ' |
Notes receivable issued | ' | ' | -1 | 0 | ' | ' | ' | ' |
Acquisition of additional equity interest in GRI | ' | ' | -14.7 | 0 | ' | ' | ' | ' |
Contingent consideration paid related to investment in GRI | ' | ' | 0 | -3.5 | ' | ' | ' | ' |
Acquisition of Brian Atwood, net of cash acquired | ' | ' | 0 | 0.6 | ' | ' | ' | ' |
Proceeds from sale of trademark | ' | ' | 0 | 5 | ' | ' | ' | ' |
Other | ' | ' | 0.1 | -0.1 | ' | ' | ' | ' |
Net cash used in investing activities | ' | ' | -49 | -40.5 | ' | ' | ' | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' |
Net increase in short-term borrowings | ' | ' | 0 | 0 | ' | ' | ' | ' |
Issuance of 6.875% Senior Notes due 2019 | ' | ' | 0 | 0 | ' | ' | ' | ' |
Debt issuance costs | ' | ' | 0 | 0 | ' | ' | ' | ' |
Costs related to secured revolving credit agreement | ' | ' | 0 | 0 | ' | ' | ' | ' |
Dividends paid | ' | ' | -6.6 | -12.6 | ' | ' | ' | ' |
Repurchases of common shares | ' | ' | 0 | 0 | ' | ' | ' | ' |
Payments of acquisition consideration payable | ' | ' | -7 | -14.6 | ' | ' | ' | ' |
Other items, net | ' | ' | -2.4 | -2.1 | ' | ' | ' | ' |
Net cash provided by (used in) financing activities | ' | ' | -16 | -29.3 | ' | ' | ' | ' |
Effect of exchange rates on cash | ' | ' | -1.8 | 1.5 | ' | ' | ' | ' |
Net (decrease) increase in cash and cash equivalents | ' | ' | -47.8 | 3.9 | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, BEGINNING | ' | ' | 67 | 43 | ' | ' | ' | ' |
CASH AND CASH EQUIVALENTS, ENDING | $19.20 | $46.90 | $19.20 | $46.90 | ' | ' | ' | ' |