Ann (ANN) 10-Q 30 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information Document	3 Months Ended
	3-May-14
Document and Entity Information [Abstract]	'
Entity Registrant Name	'ANN INC.
Trading Symbol	'ANN
Entity Central Index Key	'0000874214
Current Fiscal Year End Date	'--01-31
Entity Filer Category	'Large Accelerated Filer
Document Type	'10-Q
Document Period End Date	3-May-14
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q1
Amendment Flag	'false
Entity Common Stock, Shares Outstanding	46,827,304

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	3-May-14	4-May-13
Income Statement [Abstract]	'	'
Net sales	$590,592	$574,506
Cost of sales	275,400	253,941
Gross margin	315,192	320,565
Selling, general and administrative expenses	288,672	286,653
Restructuring Charge	17,303	0
Operating income	9,217	33,912
Interest and investment income/(expense), net	-497	87
Other non-operating income/(expense), net	25	54
Income before income taxes	8,745	34,053
Income tax provision	3,562	13,141
Net income	$5,183	$20,912
Earnings per share:	'	'
Basic earnings per share (dollars per share)	$0.11	$0.45
Weighted average shares outstanding	45,578	46,079
Diluted earnings per share (dollars per share)	$0.11	$0.44
Weighted average shares outstanding, assuming dilution	46,043	46,540

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	3-May-14	4-May-13
Net income	$5,183	$20,912
Foreign currency translation adjustment	186	-259
Amortization of net actuarial loss	0	157
Defined benefit pension plan:	'	'
Other comprehensive income, before tax	186	-102
Income tax expense on other comprehensive income items	0	61
Other comprehensive income/(loss), net of tax	186	-163
Comprehensive income	$5,369	$20,749

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	3-May-14	Feb. 01, 2014	4-May-13
In Thousands, unless otherwise specified
Current assets	'	'	'
Cash and cash equivalents	$127,691	$201,707	$80,482
Accounts receivable	29,953	22,448	32,414
Merchandise inventories	282,912	239,667	265,836
Refundable income taxes	7,190	7,252	9,661
Deferred income taxes	32,936	28,854	30,443
Prepaid expenses and other current assets	64,206	61,287	69,651
Total current assets	544,888	561,215	488,487
Property and equipment, net	438,838	443,086	411,573
Deferred income taxes	5,142	6,599	1,931
Other assets	22,168	22,060	19,205
Total assets	1,011,036	1,032,960	921,196
Current liabilities	'	'	'
Accounts payable	107,481	101,276	108,568
Accrued salaries and bonus	29,324	24,546	18,624
Current portion of long-term performance compensation	5,109	20,339	18,178
Accrued tenancy	37,137	38,331	37,256
Gift certificates and merchandise credits redeemable	41,801	48,150	39,840
Accrued expenses and other current liabilities	82,073	97,101	83,567
Total current liabilities	302,925	329,743	306,033
Deferred lease costs	160,180	164,703	163,645
Deferred income taxes	36	36	2,963
Long-term performance compensation, less current portion	7,111	15,456	11,330
Other liabilities	56,775	54,566	29,308
Commitments and contingencies	'	'	'
Stockholders' equity	'	'	'
Common stock, $.0068 par value; 200,000,000 shares authorized; 82,563,516 shares issued	561	561	561
Additional paid-in capital	737,687	751,765	748,245
Retained earnings	784,455	779,272	697,754
Accumulated other comprehensive loss	-2,688	-2,874	-4,660
Treasury stock, 35,736,212; 36,344,643 and 35,411,598 shares, respectively, at cost	-1,036,006	-1,060,268	-1,033,983
Total stockholders' equity	484,009	468,456	407,917
Total liabilities and stockholders' equity	$1,011,036	$1,032,960	$921,196

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	3-May-14	Feb. 01, 2014	4-May-13
Statement of Financial Position [Abstract]	'	'	'
Common Stock, Par Value (in dollars per share)	$0.01	$0.01	$0.01
Common Stock, Shares Authorized	200,000,000	200,000,000	200,000,000
Common Stock, Shares Issued	82,563,516	82,563,516	82,563,516
Treasury Stock, Shares	35,736,212	36,344,643	35,411,598

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	3-May-14	4-May-13
Operating activities:	'	'
Net income	$5,183	$20,912
Adjustments to reconcile net income to net cash provided by/(used for) operating activities:	'	'
Deferred income taxes	-2,591	8,538
Depreciation and amortization	28,607	25,304
Loss on disposal and write-down of property and equipment	232	930
Stock-based compensation	3,890	4,036
Non-cash interest and other non-cash items	131	-155
Tax benefit from exercise/vesting of stock awards	750	1,093
Changes in assets and liabilities:	'	'
Accounts receivable	-7,502	-14,558
Merchandise inventories	-43,197	-48,988
Prepaid expenses and other current assets	-2,961	-4,853
Refundable income taxes	62	-460
Other non-current assets	-7	398
Other non-current liabilities	-3,607	1,800
Accounts payable, accrued expenses and other current liabilities	-30,817	-43,725
Net cash provided by/(used for) operating activities	-51,827	-49,728
Investing activities:	'	'
Purchases of marketable securities	-1,580	-2,333
Sales of marketable securities	1,118	574
Purchases of property and equipment	-26,259	-29,318
Other, net	0	1,020
Net cash used for investing activities	-26,721	-30,057
Financing activities:	'	'
Proceeds from the issuance of common stock pursuant to the Associate Discount Stock Purchase Plan	711	742
Proceeds from exercise of stock options	9,369	869
Excess tax benefits from stock-based compensation	1,157	1,175
Repurchases of common and restricted stock	-4,536	-4,683
Repayments of fixed asset financing and capital lease obligations	-929	-374
Change in trade payable program obligation, net	-1,254	-4,434
Net cash provided by/(used for) financing activities	4,518	-6,705
Effect of exchange rate on cash	14	-39
Net increase/(decrease) in cash	-74,016	-86,529
Cash and cash equivalents, beginning of period	201,707	167,011
Cash and cash equivalents, end of period	$127,691	$80,482

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	3-May-14
Notes to Financial Statements [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	Interim Financial Information
	The Condensed Consolidated Financial Statements are unaudited but, in the opinion of management, contain all adjustments (which are of a normal recurring nature) necessary to present fairly the financial position, results of operations and cash flows for the periods presented. All intercompany accounts and transactions have been eliminated.
	The results of operations for the 2014 interim period presented in the Condensed Consolidated Financial Statements are not necessarily indicative of results to be expected for Fiscal 2014.
	The February 1, 2014 Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheets of ANN INC. (the “Company”) included in its Annual Report on Form 10-K for the fiscal year ended February 1, 2014.
	Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission. As such, the financial information set forth herein should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014. The Company believes that the disclosures made are adequate to prevent the interim financial statements from being misleading.

Restructuring_Charge_Restructu

Restructuring Charge Restructuring Charge	3 Months Ended
	3-May-14
Restructuring Charge [Abstract]	'
Restructuring Charge	'
	Restructuring Charge
	During the first quarter of Fiscal 2014, the Company executed an organizational restructuring in support of its omni-channel retail strategy and its strategic growth initiatives. As part of the restructuring, the Company realigned certain functions within its corporate workforce, including its marketing, merchandise planning, procurement and allocation functions, to eliminate redundancy and integrate processes to better support its brands and serve its clients. These actions resulted in the separation of approximately 100 full-time associates. In connection with this effort, the Company recorded a pre-tax restructuring charge of approximately $17.3 million for severance and other costs. The Company does not expect further material costs related to the restructuring and expects to pay all amounts accrued in connection with the restructuring by 2017.
	The following table details information related to the restructuring reserve during the quarter ended May 3, 2014:
		Severance			Other			Total
		and Related			Restructuring
		Costs			Costs
		(in thousands)
	Balance at February 1, 2014	$	—		$	—		$	—
	Restructuring charge	16,742			561			17,303
	Cash payments	(1,251		)	(561		)	(1,812		)
	Reclassification to restructuring reserve (1)	1,867			—			1,867
	Balance at May 3, 2014	$	17,358		$	—		$	17,358
	-1	Prior compensation accruals related to associates separated in connection with the restructuring were reclassified to the restructuring reserve.
	Approximately $11.5 million and $5.9 million of the restructuring reserve is included in “Accrued salaries and bonus” and “Other liabilities,” respectively, on the Company’s Condensed Consolidated Balance Sheet at May 3, 2014, based upon the expected timing of the payments.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	3-May-14
Notes to Financial Statements [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	The Company follows a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:
	•	Level 1 — Quoted prices in active markets for identical assets or liabilities.
	•	Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
	•	Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.
	The Company maintains a self-directed, non-qualified deferred compensation plan structured as a rabbi trust for certain executives at the vice-president level and above. Investment assets of the rabbi trust are valued based on quoted market prices or the net asset value at the closing price reported in certain major markets as of the measurement date, which are considered Level 1 inputs. The following tables segregate the rabbi trust assets that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine fair value at the measurement date:
			May 3,		Quoted Prices		Significant		Significant
			2014		in Active		Other		Unobservable
					Markets for		Observable		Inputs
					Identical Assets		Inputs		(Level 3)
					(Level 1)		(Level 2)
			(in thousands)
	Non-qualified deferred compensation plan assets:
	Equity securities		$	3,188	$	3,188	$	—	$	—
	Fixed income funds		806		806		—		—
	Equity funds		7,605		7,605		—		—
	Total assets		$	11,599	$	11,599	$	—	$	—
			February 1, 2014		Quoted Prices		Significant		Significant
					in Active		Other		Unobservable
					Markets for		Observable		Inputs
					Identical Assets		Inputs		(Level 3)
					(Level 1)		(Level 2)
			(in thousands)
	Non-qualified deferred compensation plan assets:
	Equity securities		$	3,698	$	3,698	$	—	$	—
	Fixed income funds		782		782		—		—
	Equity funds		6,944		6,944		—		—
	Total assets		$	11,424	$	11,424	$	—	$	—
			May 4,		Quoted Prices		Significant		Significant
			2013		in Active		Other		Unobservable
					Markets for		Observable		Inputs
					Identical Assets		Inputs		(Level 3)
					(Level 1)		(Level 2)
			(in thousands)
	Non-qualified deferred compensation plan assets:
	Equity securities		$	582	$	582	$	—	$	—
	Fixed income funds		676		—		676		—
	Equity funds		8,948		—		8,948		—
	Total assets		$	10,206	$	582	$	9,624	$	—
	As of the dates presented, the Company believes that the carrying value of cash and cash equivalents, receivables and payables approximates fair value, due to the short maturity of these financial instruments.

Net_Income_Per_Share

Net Income Per Share	3 Months Ended
	3-May-14
Notes to Financial Statements [Abstract]	'
Net Income Per Share	'
	Earnings Per Share
	The following table presents a reconciliation of basic and diluted earnings per share for the quarters ended May 3, 2014 and May 4, 2013:
		Quarter Ended
		May 3, 2014					May 4, 2013
		(in thousands, except per share amounts)
	Basic Earnings per Share:	Net		Shares	Per		Net		Shares	Per
		Income			Share		Income			Share
					Amount					Amount
	Net income	$	5,183				$	20,912
	Less net income associated with participating securities	102					380
	Basic earnings per share	$	5,081	45,578	$	0.11	$	20,532	46,079	$	0.45
	Diluted Earnings per Share:
	Net income	$	5,183				$	20,912
	Less net income associated with participating securities	101					377
	Effect of dilutive securities			465					461
	Diluted earnings per share	$	5,082	46,043	$	0.11	$	20,535	46,540	$	0.44
	For the quarters ended May 3, 2014 and May 4, 2013, non-participating securities (stock options) representing 24,000 and 798,670, respectively, were excluded from the computation of weighted average shares for diluted earnings per share due to their antidilutive effect, since their exercise prices exceeded the average market price of the common shares during those periods.

Equity_and_Incentive_Compensat

Equity and Incentive Compensation Plans	3 Months Ended
	3-May-14
Notes to Financial Statements [Abstract]	'
Equity and Incentive Compensation Plans	'
	Stock Incentive Plans
	During the quarters ended May 3, 2014 and May 4, 2013, the Company recognized approximately $3.9 million and $4.0 million, respectively, in stock-based compensation expense. As of May 3, 2014, there was $3.3 million and $21.1 million of unrecognized compensation cost related to unvested stock options and unvested restricted stock awards, respectively, which is expected to be recognized over a remaining weighted average vesting period of 2.0 years and 3.2 years, respectively. Restricted stock award grants and shares underlying the exercise of stock options during the three months ended May 3, 2014 were issued out of treasury stock. In addition, restricted stock awards forfeited, as well as shares returned to cover employee tax withholding obligations related to the exercise of stock options and the vesting of restricted stock, were returned to treasury stock.
	Stock Options
	The following table summarizes stock option activity for the quarter ended May 3, 2014:
		Shares			Weighted  Average
					Exercise Price
	Options outstanding at beginning of period	2,199,719			$	26.6
	Granted (1)	63,700			37.52
	Exercised	(319,356	)		29.34
	Forfeited or expired	(39,072	)		27.54
	Options outstanding at end of period	1,904,991			$	26.49
	Vested and exercisable at May 3, 2014	1,649,141			$	25.64
	Options expected to vest in the future as of May 3, 2014	230,515			$	32.18
	-1	Awards vest annually over a three-year period and expire ten years after the grant date.
	5	Equity and Incentive Compensation Plans (Continued)
	Stock Options (continued)
	The Company uses the Black-Scholes option pricing model to estimate the fair value of options granted as of the grant date. For the quarters ended May 3, 2014 and May 4, 2013, the fair value of options granted was estimated using the following weighted average assumptions:
		Quarter Ended
		May 3,		May 4,
		2014		2013
	Expected volatility	47.50%		52.90%
	Risk-free interest rate	1.70%		0.90%
	Expected life (years)	5.4		5
	Dividend yield	—		—
	The weighted average fair value of options granted during the quarters ended May 3, 2014 and May 4, 2013 was $16.79 and $14.09 per share, respectively. The Company estimates the volatility of its common stock on the date of grant based on an average of its historical common stock volatility and the implied volatility of publicly traded options on its common stock.
	Restricted Stock
	The following table summarizes restricted stock activity for the quarter ended May 3, 2014:
		Time - Based					Performance - Based
		Number of			Weighted		Number of			Weighted
		Shares			Average		Shares			Average
					Grant Date					Grant Date
					Fair Value					Fair Value
	Restricted stock awards at February 1, 2014	602,205			$	29.95	289,935			$	29.56
	Granted	383,600		(1)	37.52		139,717		(2)	37.52
	Vested	(179,415	)		28.7		(124,139	)		29.24
	Forfeited	(81,859	)		30.09		(49,428	)		29.41
	Restricted stock awards at May 3, 2014	724,531			$	34.25	256,085			$	34.09
	-1	Of this amount, 127,700 shares vest in equal installments in each of March 2015, 2016 and 2017, and 255,900 shares vest in equal installments in each of March 2017, 2018 and 2019.
	-2	These shares vest over a three-year period based on achievement of performance targets set bi-annually for each tranche of the grant. Based on Company performance, grantees may earn 50% to 200% of the shares granted with respect to each tranche. If the Company does not achieve the minimum threshold goal associated with such shares, grantees will not earn any shares with respect to that tranche.
	Long-Term Performance Compensation
	The Company maintains a long-term cash incentive program, the Restricted Cash Program (“RCP”), for vice-presidents and above. Compensation expense under the RCP is charged to the same income statement line item as the base salary earned by participating associates. During the quarter ended May 3, 2014, compensation expense recognized under the RCP was immaterial, since the current period expense related to amounts earned and banked under the program was substantially offset by the benefit associated with changes in forfeiture rate estimates, due, in part, to the Company's restructuring. During the quarter ended May 4, 2013, the Company recognized $4.7 million in compensation expense under the RCP, inclusive of the immaterial effect of changes in estimates. As of May 3, 2014, there was $18.6 million of unrecognized compensation cost under the RCP, which is expected to be recognized over a remaining weighted average deferral period of 2.9 years.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income Accumulted Other Comprehensive Income	3 Months Ended
	3-May-14
Notes to Financial Statements [Abstract]	'
Accumulated Other Comprehensive Income (Loss)	'
	.	Accumulated Other Comprehensive Loss
	The following table summarizes the components of accumulated other comprehensive loss (“AOCL”) for the quarter ended May 3, 2014:
		Foreign Currency Translation			Unrecognized Pension Benefit Costs			Total
		(in thousands)
	Balance at February 1, 2014	$	(1,290	)	$	(1,584	)	$	(2,874	)
	Other comprehensive income/(loss) before reclassifications:
	Foreign currency translation adjustment	186			—			186
	Balance at May 3, 2014	$	(1,104	)	$	(1,584	)	$	(2,688	)

Legal_Proceedings

Legal Proceedings	3 Months Ended
	3-May-14
Notes to Financial Statements [Abstract]	'
Legal Proceedings	'
	Legal Proceedings
	The Company is subject to various legal proceedings and claims that arise in the ordinary course of its business. Although the amount of any liability that could arise with respect to these actions cannot be determined with certainty, in the Company’s opinion, any such liability will not have a material adverse effect on its consolidated financial position, consolidated results of operations or liquidity.

Basis_of_Presentation_Accounti

Basis of Presentation Accounting Pronouncements (Policies)	3 Months Ended
	3-May-14
Text Block [Abstract]	'
New Accounting Pronouncements, Policy [Policy Text Block]	'
	During the three months ended May 3, 2014, there were no recently issued accounting standards which are expected to have a material impact on the Company's financial statements in future periods.

Restructuring_Charge_Tables

Restructuring Charge (Tables)	3 Months Ended
	3-May-14
Restructuring Charge [Abstract]	'
Restructuring and Related Costs [Table Text Block]	'
	The following table details information related to the restructuring reserve during the quarter ended May 3, 2014:
		Severance			Other			Total
		and Related			Restructuring
		Costs			Costs
		(in thousands)
	Balance at February 1, 2014	$	—		$	—		$	—
	Restructuring charge	16,742			561			17,303
	Cash payments	(1,251		)	(561		)	(1,812		)
	Reclassification to restructuring reserve (1)	1,867			—			1,867
	Balance at May 3, 2014	$	17,358		$	—		$	17,358
	-1	Prior compensation accruals related to associates separated in connection with the restructuring were reclassified to the restructuring reserve.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	3-May-14
Notes to Financial Statements [Abstract]	'
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	'
	The Company maintains a self-directed, non-qualified deferred compensation plan structured as a rabbi trust for certain executives at the vice-president level and above. Investment assets of the rabbi trust are valued based on quoted market prices or the net asset value at the closing price reported in certain major markets as of the measurement date, which are considered Level 1 inputs. The following tables segregate the rabbi trust assets that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine fair value at the measurement date:
		May 3,		Quoted Prices		Significant		Significant
		2014		in Active		Other		Unobservable
				Markets for		Observable		Inputs
				Identical Assets		Inputs		(Level 3)
				(Level 1)		(Level 2)
		(in thousands)
	Non-qualified deferred compensation plan assets:
	Equity securities	$	3,188	$	3,188	$	—	$	—
	Fixed income funds	806		806		—		—
	Equity funds	7,605		7,605		—		—
	Total assets	$	11,599	$	11,599	$	—	$	—
		February 1, 2014		Quoted Prices		Significant		Significant
				in Active		Other		Unobservable
				Markets for		Observable		Inputs
				Identical Assets		Inputs		(Level 3)
				(Level 1)		(Level 2)
		(in thousands)
	Non-qualified deferred compensation plan assets:
	Equity securities	$	3,698	$	3,698	$	—	$	—
	Fixed income funds	782		782		—		—
	Equity funds	6,944		6,944		—		—
	Total assets	$	11,424	$	11,424	$	—	$	—
		May 4,		Quoted Prices		Significant		Significant
		2013		in Active		Other		Unobservable
				Markets for		Observable		Inputs
				Identical Assets		Inputs		(Level 3)
				(Level 1)		(Level 2)
		(in thousands)
	Non-qualified deferred compensation plan assets:
	Equity securities	$	582	$	582	$	—	$	—
	Fixed income funds	676		—		676		—
	Equity funds	8,948		—		8,948		—
	Total assets	$	10,206	$	582	$	9,624	$	—

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	3 Months Ended
	3-May-14
Notes to Financial Statements [Abstract]	'
Reconciliations of Basic and Diluted Share Calculations	'
	The following table presents a reconciliation of basic and diluted earnings per share for the quarters ended May 3, 2014 and May 4, 2013:
		Quarter Ended
		May 3, 2014					May 4, 2013
		(in thousands, except per share amounts)
	Basic Earnings per Share:	Net		Shares	Per		Net		Shares	Per
		Income			Share		Income			Share
					Amount					Amount
	Net income	$	5,183				$	20,912
	Less net income associated with participating securities	102					380
	Basic earnings per share	$	5,081	45,578	$	0.11	$	20,532	46,079	$	0.45
	Diluted Earnings per Share:
	Net income	$	5,183				$	20,912
	Less net income associated with participating securities	101					377
	Effect of dilutive securities			465					461
	Diluted earnings per share	$	5,082	46,043	$	0.11	$	20,535	46,540	$	0.44

Equity_and_Incentive_Compensat1

Equity and Incentive Compensation Plans (Tables)	3 Months Ended
	3-May-14
Summary of Stock Option Activity	'
	The following table summarizes stock option activity for the quarter ended May 3, 2014:
		Shares			Weighted  Average
					Exercise Price
	Options outstanding at beginning of period	2,199,719			$	26.6
	Granted (1)	63,700			37.52
	Exercised	(319,356	)		29.34
	Forfeited or expired	(39,072	)		27.54
	Options outstanding at end of period	1,904,991			$	26.49
	Vested and exercisable at May 3, 2014	1,649,141			$	25.64
	Options expected to vest in the future as of May 3, 2014	230,515			$	32.18
	-1	Awards vest annually over a three-year period and expire ten years after the grant date.
Weighted-Average Assumptions	'
	The Company uses the Black-Scholes option pricing model to estimate the fair value of options granted as of the grant date. For the quarters ended May 3, 2014 and May 4, 2013, the fair value of options granted was estimated using the following weighted average assumptions:
		Quarter Ended
		May 3,		May 4,
		2014		2013
	Expected volatility	47.50%		52.90%
	Risk-free interest rate	1.70%		0.90%
	Expected life (years)	5.4		5
	Dividend yield	—		—
Restricted Stock	'
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	'
	The following table summarizes restricted stock activity for the quarter ended May 3, 2014:
		Time - Based					Performance - Based
		Number of			Weighted		Number of			Weighted
		Shares			Average		Shares			Average
					Grant Date					Grant Date
					Fair Value					Fair Value
	Restricted stock awards at February 1, 2014	602,205			$	29.95	289,935			$	29.56
	Granted	383,600		(1)	37.52		139,717		(2)	37.52
	Vested	(179,415	)		28.7		(124,139	)		29.24
	Forfeited	(81,859	)		30.09		(49,428	)		29.41
	Restricted stock awards at May 3, 2014	724,531			$	34.25	256,085			$	34.09
	-1	Of this amount, 127,700 shares vest in equal installments in each of March 2015, 2016 and 2017, and 255,900 shares vest in equal installments in each of March 2017, 2018 and 2019.
	-2	These shares vest over a three-year period based on achievement of performance targets set bi-annually for each tranche of the grant. Based on Company performance, grantees may earn 50% to 200% of the shares granted with respect to each tranche. If the Company does not achieve the minimum threshold goal associated with such shares, grantees will not earn any shares with respect to that tranche.

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income Accumulated Other Compehensive Income (Tables)	3 Months Ended
	3-May-14
Accumulated Other Comprehensive Income (Loss) [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss)	'
	The following table summarizes the components of accumulated other comprehensive loss (“AOCL”) for the quarter ended May 3, 2014:
		Foreign Currency Translation			Unrecognized Pension Benefit Costs			Total
		(in thousands)
	Balance at February 1, 2014	$	(1,290	)	$	(1,584	)	$	(2,874	)
	Other comprehensive income/(loss) before reclassifications:
	Foreign currency translation adjustment	186			—			186
	Balance at May 3, 2014	$	(1,104	)	$	(1,584	)	$	(2,688	)

Restructuring_Charge_Details

Restructuring Charge (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	3-May-14		4-May-13
Restructuring Cost and Reserve [Line Items]	'		'
Balance at February 1, 2014	$0		'
Restructuring charge	17,303		0
Cash payments	-1,812		'
Reclassification to restructuring reserve	1,867	[1]	'
Restructuring Reserve	17,358		'
Severance and Related Costs	'		'
Restructuring Cost and Reserve [Line Items]	'		'
Balance at February 1, 2014	0		'
Restructuring charge	16,742		'
Cash payments	-1,251		'
Reclassification to restructuring reserve	1,867	[1]	'
Restructuring Reserve	17,358		'
Other Restructuring Costs	'		'
Restructuring Cost and Reserve [Line Items]	'		'
Balance at February 1, 2014	0		'
Restructuring charge	561		'
Cash payments	-561		'
Reclassification to restructuring reserve	0		'
Restructuring Reserve	$0		'
[1]	Prior compensation accruals related to associates separated in connection with the restructuring were reclassified to the restructuring reserve.

Restructuring_Charge_Additiona

Restructuring Charge Additional Information (Details) (USD $)	3 Months Ended
	3-May-14	4-May-13
	positions
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring Reserve	$17,358,000	'
Number of full time associated separated	100	'
Restructuring Charge	17,303,000	0
Material cost related to restructuring	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Expected cost	0	'
Short-term Restructuring Reserve	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring Reserve	11,500,000	'
Long-term Restructuring Reserve	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring Reserve	$5,900,000	'

Fair_Value_Measurments_Financi

Fair Value Measurments - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) (Fair Value, Measurements, Recurring, USD $)	3-May-14	Feb. 01, 2014	4-May-13
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Assets, Fair Value Disclosure, Recurring	$11,599	$11,424	$10,206
Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Assets, Fair Value Disclosure, Recurring	11,599	11,424	582
Significant Other Observable Inputs (Level 2)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Assets, Fair Value Disclosure, Recurring	0	0	9,624
Significant Unobservable Inputs (Level 3)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Assets, Fair Value Disclosure, Recurring	0	0	0
Equity Securities	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	3,188	3,698	582
Equity Securities | Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	3,188	3,698	582
Equity Securities | Significant Other Observable Inputs (Level 2)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	0	0	0
Equity Securities | Significant Unobservable Inputs (Level 3)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	0	0	0
Fixed Income Funds	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	806	782	676
Fixed Income Funds | Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	806	782	0
Fixed Income Funds | Significant Other Observable Inputs (Level 2)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	0	0	676
Fixed Income Funds | Significant Unobservable Inputs (Level 3)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	0	0	0
Equity Funds	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	7,605	6,944	8,948
Equity Funds | Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	7,605	6,944	0
Equity Funds | Significant Other Observable Inputs (Level 2)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	0	0	8,948
Equity Funds | Significant Unobservable Inputs (Level 3)	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Investments, Fair Value Disclosure	$0	$0	$0

Net_Income_Per_Share_Additiona

Net Income Per Share - Additional Information (Detail) (Nonparticipating Securities - Stock Options)	3 Months Ended
	3-May-14	4-May-13
Nonparticipating Securities - Stock Options	'	'
Earnings Per Share Disclosure	'	'
Antidilutive securities excluded from the computations of earnings per share	24,000	798,670

Net_Income_Per_Share_Reconcili

Net Income Per Share - Reconciliations of Basic and Diluted Share Calculations (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	3-May-14	4-May-13
Earnings Per Share Disclosure	'	'
Net income	$5,183	$20,912
Weighted Average Number of Shares Outstanding, Diluted	'	'
Weighted average shares outstanding	45,578	46,079
Effect of dilutive securities (shares)	465	461
Weighted average shares outstanding assuming dilution	46,043	46,540
Basic Earnings per Share	'	'
Basic earnings per share (dollars per share)	$0.11	$0.45
Diluted Earnings per Share	'	'
Diluted earnings per share (dollars per share)	$0.11	$0.44
Earnings Per Share, Basic. [Member]	'	'
Earnings Per Share Disclosure	'	'
Net income	5,183	20,912
Undistributed Earnings Allocated to Participating Securities	102	380
Net Income Available to Common Stockholders, Basic	5,081	20,532
Earnings Per Share, Diluted	'	'
Earnings Per Share Disclosure	'	'
Net income	5,183	20,912
Undistributed Earnings Allocated to Participating Securities	101	377
Net Income Available to Common Stockholders, Diluted	$5,082	$20,535

Equity_and_Incentive_Compensat2

Equity and Incentive Compensation Plans - Additional Information (Detail) (USD $)	3 Months Ended
	3-May-14	4-May-13
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Stock-based compensation expense recognized	$3,890,000	$4,036,000
Employee Stock Option	'	'
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Unrecognized compensation cost, unvested	3,300,000	'
Unrecognized compensation cost, unvested, remaining weighted-average vesting period (in years)	2	'
Restricted Stock	'	'
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Unrecognized compensation cost, unvested	$21,100,000	'
Unrecognized compensation cost, unvested, remaining weighted-average vesting period (in years)	3.2	'

Equity_and_Incentive_Compensat3

Equity and Incentive Compensation Plans - Summary of Stock Option Activity (Detail) (USD $)	3 Months Ended
	3-May-14	4-May-13
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Weighted-average fair value of options granted (dollars per share)	$16.79	$14.09
Stock Options	'	'
Options outstanding at beginning of period (shares)	2,199,719	'
Granted (shares)	63,700	'
Exercised (shares)	-319,356	'
Forfeited or expired (shares)	-39,072	'
Options outstanding at end of period (shares)	1,904,991	'
Vested and exercisable at May 3, 2014 (shares)	1,649,141	'
Options expected to vest in the future as of May 3, 2014 (shares)	230,515	'
Weighted Average Exercise Price	'	'
Options outstanding at beginning of period (dollars per share)	$26.60	'
Granted (dollars per share)	$37.52	'
Exercised (dollars per share)	$29.34	'
Forfeited or expired (dollars per share)	$27.54	'
Options outstanding at end of period (dollars per share)	$26.49	'
Vested and exercisable at May 3, 2014 (dollars per share)	$25.64	'
Options expected to vest in the future as of May 3, 2014 (dollars per share)	$32.18	'

Equity_and_Incentive_Compensat4

Equity and Incentive Compensation Plans - Summary of Stock Option Activity (Parenthetical) (Detail) (Employee Stock Option)	3 Months Ended
	3-May-14
Employee Stock Option	'
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Options granted annual vesting period	'3 years
Options granted expiration period	'10 years

Equity_and_Incentive_Compensat5

Equity and Incentive Compensation Plans - Weighted-Average Assumptions (Detail)	3 Months Ended
	3-May-14	4-May-13
Disclosure - Weighted-Average Assumptions [Abstract]	'	'
Expected volatility	47.50%	52.90%
Risk-free interest rate	1.70%	0.90%
Expected life (years)	'5 years 5 months 0 days	'5 years 0 months 11 days
Dividend yield	0.00%	0.00%

Equity_and_Incentive_Compensat6

Equity and Incentive Compensation Plans - Summary of Restricted Stock Activity (Detail) (USD $)	3 Months Ended
	3-May-14
Time-Based Restricted Stock Award	'
Number of Shares	'
Balance at beginning of period (shares)	602,205
Granted (shares)	383,600
Vested (shares)	-179,415
Forfeited (shares)	-81,859
Balance at end of period (shares)	724,531
Weighted Average Grant Date Fair Value	'
Balance at beginning of period (dollars per share)	$29.95
Granted ( dollars per share)	$37.52
Vested (dollars per share)	$28.70
Forfeited (dollars per share)	$30.09
Balance at end of period (dollars per share)	$34.25
Performance-Based Restricted Stock Awards [Member]	'
Number of Shares	'
Balance at beginning of period (shares)	289,935
Granted (shares)	139,717
Vested (shares)	-124,139
Forfeited (shares)	-49,428
Balance at end of period (shares)	256,085
Weighted Average Grant Date Fair Value	'
Balance at beginning of period (dollars per share)	$29.56
Granted ( dollars per share)	$37.52
Vested (dollars per share)	$29.24
Forfeited (dollars per share)	$29.41
Balance at end of period (dollars per share)	$34.09
Shares Vest Equally In Each Of March 2015, 2016 and 2017 | Time-Based Restricted Stock Award	'
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Share Based Compensation Arrangement By Share Based Payment Award Other Than Options Expected To Vest	127,700
Shares Vest Equally In Each Of March 2017, 2018 and 2019 | Time-Based Restricted Stock Award	'
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Share Based Compensation Arrangement By Share Based Payment Award Other Than Options Expected To Vest	255,900

Equity_and_Incentive_Compensat7

Equity and Incentive Compensation Plans - Summary of Restricted Stock Activity (Parenthetical) (Detail) (Performance-Based Restricted Stock Awards)	3 Months Ended
	3-May-14
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Restricted stock awards annual vesting period	'3 years
Minimum	'
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Percentage grantees earn of the value granted with respect to each tranche of the grant	50.00%
Maximum	'
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Percentage grantees earn of the value granted with respect to each tranche of the grant	200.00%

Equity_and_Incentive_Compensat8

Equity and Incentive Compensation Plans Equity and Incentive Compensation - Long Term Performance Compensation (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	4-May-13	3-May-14
Disclosure - Summary of Long Term Performance Compensation [Abstract]	'	'
Long-term performance compensation expense	$4.70	'
Long-term performance compensation expense total compensation not yet recognized	'	$18.60
Unrecognized compensation cost long-term performance compensation plan remaining weighted average service period (in years)	'	'2 years 10 months 24 days

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	3-May-14	4-May-13
Accumulated Other Comprehensive Loss [Roll Forward]	'	'
Accumulated other comprehensive loss, beginning balance	($2,874)	'
Foreign currency translation adjustment	186	-259
Accumulated other comprehensive loss, ending balance	-2,688	-4,660
Foreign Currency Translation	'	'
Accumulated Other Comprehensive Loss [Roll Forward]	'	'
Accumulated other comprehensive loss, beginning balance	-1,290	'
Foreign currency translation adjustment	186	'
Accumulated other comprehensive loss, ending balance	-1,104	'
Unrecognized Pension Benefit Costs	'	'
Accumulated Other Comprehensive Loss [Roll Forward]	'	'
Accumulated other comprehensive loss, beginning balance	-1,584	'
Foreign currency translation adjustment	0	'
Accumulated other comprehensive loss, ending balance	($1,584)	'