Perry Ellis International (PERY) 10-Q 10 Sep 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 01, 2015	Sep. 04, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 1, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	PERY
Entity Registrant Name	PERRY ELLIS INTERNATIONAL, INC
Entity Central Index Key	900,349
Current Fiscal Year End Date	--01-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		15,773,000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - Entity [Domain] - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Current Assets:
Cash and cash equivalents	$ 27,265	$ 43,547
Accounts receivable, net	124,275	137,432
Inventories	153,978	183,734
Investments, at fair value	10,704	19,996
Deferred income taxes	701	725
Prepaid income taxes	6,174	6,384
Prepaid expenses and other current assets	7,898	7,124
Total current assets	330,995	398,942
Property and equipment, net	66,219	64,633
Other intangible assets, net	206,557	210,201
Goodwill	6,022	6,022
Other assets	4,231	5,191
TOTAL	614,024	684,989
Current Liabilities:
Accounts payable	74,517	117,789
Accrued expenses and other liabilities	26,154	22,355
Accrued interest payable	1,511	4,045
Unearned revenues	4,439	4,856
Deferred pension obligation	9,015	8,930
Deferred income taxes	82	797
Total current liabilities	115,718	158,772
Senior subordinated notes payable, net	50,000	150,000
Senior credit facility	58,211
Real estate mortgages	21,684	22,109
Unearned revenues and other long-term liabilities	15,325	15,009
Deferred income taxes	39,386	37,082
Total long-term liabilities	184,606	224,200
Total liabilities	$ 300,324	$ 382,972
Commitment and contingencies
Equity:
Preferred stock $.01 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock $.01 par value; 100,000,000 shares authorized; 15,774,314 shares issued and outstanding as of August 1, 2015 and 16,128,775 shares issued and outstanding as of January 31, 2015	$ 157	$ 161
Additional paid-in-capital	147,809	161,336
Retained earnings	177,232	169,102
Accumulated other comprehensive loss	(11,498)	(12,852)
Total	313,700	317,747
Treasury stock at cost; no shares as of August 1, 2015 and 770,753 shares as of January 31, 2015		(15,730)
Total equity	313,700	302,017
TOTAL	$ 614,024	$ 684,989

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 01, 2015	Jan. 31, 2015
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	15,774,314	16,128,775
Common stock, shares outstanding	15,774,314	16,128,775
Treasury stock, shares	0	770,753

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Entity [Domain] - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Revenues:
Net sales	$ 204,638	$ 196,010	$ 462,895	$ 445,926
Royalty income	8,661	7,522	16,818	14,920
Total revenues	213,299	203,532	479,713	460,846
Cost of sales	137,357	133,068	313,671	302,717
Gross profit	75,942	70,464	166,042	158,129
Operating expenses:
Selling, general and administrative expenses	68,254	66,858	137,862	136,568
Depreciation and amortization	3,446	2,988	6,768	5,968
Total operating expenses	71,700	69,846	144,630	142,536
Gain (loss) on sale of long-lived assets		885	(697)	885
Operating income	4,242	1,503	20,715	16,478
Costs of early extinguishment of debt	5,121		5,121
Interest expense	1,943	3,605	5,570	7,321
Net (loss) income before income taxes	(2,822)	(2,102)	10,024	9,157
Income tax (benefit) provision	(1,541)	(486)	1,894	2,998
Net (loss) income	$ (1,281)	$ (1,616)	$ 8,130	$ 6,159
Net (loss) income per share:
Basic	$ (0.09)	$ (0.11)	$ 0.55	$ 0.41
Diluted	$ (0.09)	$ (0.11)	$ 0.53	$ 0.41
Weighted average number of shares outstanding
Basic	15,048	14,906	14,849	14,844
Diluted	15,048	14,906	15,283	15,142

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - Entity [Domain] - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Net (loss) income		$ (1,281)	$ (1,616)	$ 8,130	$ 6,159
Other Comprehensive income:
Foreign currency translation adjustments, net		153	2	1,091	638
Unrealized gain on pension liability, net of tax	[1]	135	79	270	159
Unrealized (loss) gain on investments			(23)	(7)	15
Total other comprehensive income		288	58	1,354	812
Comprehensive (loss) income		$ (993)	$ (1,558)	$ 9,484	$ 6,971
[1]	Unrealized gain on pension liability for the three months ended August 1, 2015 and August 2, 2014 is net of tax in the amount of $0 and $51, respectively. Unrealized gain on pension liability for the six months ended August 1, 2015 and August 2, 2014 is net of tax in the amount of $0 and $101, respectively. See footnote 12 to the consolidated financial statements for further information.

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Unrealized gain on pension liability, tax	$ 0	$ 51	$ 0	$ 101

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Entity [Domain] - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 8,130	$ 6,159
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,087	6,280
Provision for bad debts	279	253
Amortization of debt issue cost	266	320
Amortization of premiums and discounts	94	223
Amortization of unrealized loss on pension liability	270	260
Costs on early extinguishment of debt	1,158
Deferred income taxes	1,613	2,523
Share-based compensation	2,286	3,114
Loss (gain) on sale of long-lived assets	697	(885)
Changes in operating assets and liabilities, net of acquisitions
Accounts receivable, net	13,199	36,277
Inventories	30,149	32,603
Prepaid income taxes	190	245
Prepaid expenses and other current assets	(759)	(2,166)
Other assets	107	(150)
Accounts payable and accrued expenses	(41,175)	(38,636)
Accrued interest payable	(2,534)	(105)
Unearned revenues and other liabilities	(666)	1,835
Deferred pension obligation	85	(1,172)
Net cash provided by operating activities	20,476	46,978
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(7,345)	(7,323)
Purchase of investments	(2,641)	(22,897)
Proceeds from investment maturities	11,860	14,160
Proceeds on sale of intangible assets	2,500
Net cash provided by (used in) investing activities	4,374	(16,060)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	255,065	159,402
Payments on senior credit facility	(196,854)	(167,564)
Payments on senior subordinated notes	(100,000)
Payments on real estate mortgages	(410)	(396)
Payments on capital leases	(77)	(150)
Deferred financing fees	(569)
Proceeds from exercise of stock options	1,339	197
Tax benefit from exercise of equity instruments	(201)	(144)
Net cash (used in) provided by financing activities	(41,707)	(8,655)
Effect of exchange rate changes on cash and cash equivalents	575	(34)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(16,282)	22,229
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	43,547	26,989
CASH AND CASH EQUIVALENTS AT END OF PERIOD	27,265	49,218
Cash paid during the period for:
Interest	7,746	6,883
Income taxes	$ 366	464
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Accrued purchases of property and equipment		168
Note receivable on sale of intangible asset		$ 1,250

GENERAL

GENERAL	6 Months Ended
	Aug. 01, 2015
GENERAL	1. GENERAL The accompanying unaudited condensed consolidated financial statements of Perry Ellis International, Inc. and subsidiaries (“Perry Ellis” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the requirements of the Securities and Exchange Commission on Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations and changes in cash flows required by GAAP for annual financial statements. These condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2015, filed with the Securities and Exchange Commission on April 14, 2015. The information presented reflects all adjustments, which are in the opinion of management of a normal and recurring nature, necessary for a fair presentation of the interim periods. Results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the entire fiscal year

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Aug. 01, 2015
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” In May 2014, the FASB issued ASU No. 2014-09 , “Revenue from Contracts with Customers.” In June 2014, the FASB issued ASU No. 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force).” In February 2015, the FASB issued ASU 2015-02, “ Amendments to the Consolidation Analysis” In March 2015, the FASB issued ASU 2015-03, “ Interest—Imputation of Interest (Subtopic 835-30)” In July 2015, the FASB issued ASU 2015-11, “ Inventory (Topic 330): Simplifying the Measurement of Inventory”,

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	6 Months Ended
	Aug. 01, 2015
ACCOUNTS RECEIVABLE	3. ACCOUNTS RECEIVABLE Accounts receivable consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Trade accounts $ 139,901 $ 150,515 Royalties 5,923 6,662 Other receivables 960 1,034 Total 146,784 158,211 Less: allowances (22,509 ) (20,779 ) Total $ 124,275 $ 137,432

INVENTORIES

INVENTORIES	6 Months Ended
	Aug. 01, 2015
INVENTORIES	4. INVENTORIES Inventories are stated at the lower of cost (weighted moving average cost) or market. Cost principally consists of the purchase price, customs, duties, freight, and commissions to buying agents. Inventories consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Finished goods $ 153,681 $ 183,468 Raw materials and in process 297 266 Total $ 153,978 $ 183,734

INVESTMENTS

INVESTMENTS	6 Months Ended
	Aug. 01, 2015
INVESTMENTS	5. INVESTMENTS The Company’s investments include marketable securities and certificates of deposit at August 1, 2015 and January 31, 2015. Marketable securities are classified as available-for-sale and consist of corporate bonds with maturity dates less than two years. Certificates of deposit are classified as available-for-sale with $4.5 million with maturity dates within one year. Investments are stated at fair value. The estimated fair value of the marketable securities is based on quoted prices in an active market (Level 1 fair value measures). Investments consisted of the following as of August 1, 2015: Cost Gross Unrealized Gross Unrealized Estimated Fair Value (in thousands) Marketable securities $ 6,182 $ 1 $ (1 ) $ 6,182 Certificates of deposit 4,522 1 (1 ) 4,522 Total investments $ 10,704 $ 2 $ (2 ) $ 10,704 Investments consisted of the following as of January 31, 2015: Cost Gross Unrealized Gross Unrealized Estimated Fair Value (in thousands) Marketable securities $ 12,247 $ 9 $ — $ 12,256 Certificates of deposit 7,742 1 (3 ) 7,740 Total investments $ 19,989 $ 10 $ (3 ) $ 19,996

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Aug. 01, 2015
PROPERTY AND EQUIPMENT	6. PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Furniture, fixtures and equipment $ 83,037 $ 79,225 Buildings and building improvements 19,881 19,719 Vehicles 560 569 Leasehold improvements 50,511 47,807 Land 9,488 9,488 Total 163,477 156,808 Less: accumulated depreciation and amortization (97,258 ) (92,175 ) Total $ 66,219 $ 64,633 The above table of property and equipment includes assets held under capital leases as of: August 1, January 31, 2015 2015 (in thousands) Furniture, fixtures and equipment $ 810 $ 888 Less: accumulated depreciation and amortization (47 ) (791 ) Total $ 763 $ 97 For the three months ended August 1, 2015 and August 2, 2014, depreciation and amortization expense relating to property and equipment amounted to $3.3 million and $2.9 million, respectively. For the six months ended August 1, 2015 and August 2, 2014, depreciation and amortization expense relating to property and equipment amounted to $6.6 million and $5.8 million, respectively. These amounts include amortization expense for leased property under capital leases.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	6 Months Ended
	Aug. 01, 2015
OTHER INTANGIBLE ASSETS	7. OTHER INTANGIBLE ASSETS Trademarks Trademarks included in other intangible assets, net, are considered indefinite-lived assets and totaled $202.3 million at August 1, 2015 and $205.5 million at January 31, 2015. On March 19, 2015, the Company entered into an agreement to sell the intellectual property of its C&C California brand to a third party. The sales price was $2.5 million, which was collected during the first quarter of fiscal 2016. In connection with this transaction, the Company recorded a loss of ($0.7) million in the licensing segment. On August 1, 2014, the Company entered into a sales agreement, in the amount of $1.3 million, for the sale of Australian, Fiji and New Zealand trademark rights with respect to Jantzen. Payments on the purchase price were due in five installments of $250,000 over a five year period. Interest on the purchase price that remains unpaid will accrue at a rate of 3.5% per annum calculated on an annual basis. The first two payments have been received. The remaining three payments are to be paid annually commencing on August 1, 2016 with the final payment to be made on August 1, 2018. As a result of this transaction, the Company recorded a gain of $0.9 million in the licensing segment Other Other intangible assets consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (4,230 ) (3,782 ) Total $ 4,220 $ 4,668 For the three months ended August 1, 2015 and August 2, 2014, amortization expense relating to customer lists amounted to approximately $0.2 million and $0.3 million, respectively. For the six months ended August 1, 2015 and August 2, 2014, amortization expense relating to customer lists amounted to $0.4 million and $0.5 million, respectively. Other intangible assets are amortized over their estimated useful lives of 10 years. Assuming no impairment, the estimated amortization expense for future periods based on recorded amounts as of August 1, 2015, will be approximately $0.9 million a year from fiscal 2016 through fiscal 2017, approximately $0.8 million a year from fiscal 2018 through fiscal 2019, approximately $0.7 million for fiscal 2020 and approximately $0.5 million for fiscal 2021.

LETTER OF CREDIT FACILITIES

LETTER OF CREDIT FACILITIES	6 Months Ended
	Aug. 01, 2015
LETTER OF CREDIT FACILITIES	8. LETTER OF CREDIT FACILITIES Borrowings and availability under letter of credit facilities consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Total letter of credit facilities $ 30,312 $ 45,301 Outstanding letters of credit (11,595 ) (11,595 ) Total credit available $ 18,717 $ 33,706 During the first quarter of fiscal 2016, a $15 million line of credit expired and was not renewed.

ADVERTISING AND RELATED COSTS

ADVERTISING AND RELATED COSTS	6 Months Ended
	Aug. 01, 2015
ADVERTISING AND RELATED COSTS	9. ADVERTISING AND RELATED COSTS The Company’s accounting policy relating to advertising and related costs is to expense these costs in the period incurred. Advertising and related costs were approximately $3.2 million and $3.1 million for the three months ended August 1, 2015 and August 2, 2014, respectively, and $7.0 million and $7.8 million for the six months ended August 1, 2015 and August 2, 2014, respectively, and are included in selling, general and administrative expenses.

NET (LOSS) INCOME PER SHARE

NET (LOSS) INCOME PER SHARE	6 Months Ended
	Aug. 01, 2015
NET (LOSS) INCOME PER SHARE	10. NET (LOSS) INCOME PER SHARE Basic net (loss) income per share is computed by dividing net income by the weighted average shares of outstanding common stock. The calculation of diluted net (loss) income per share is similar to basic net (loss) income per share except that the denominator includes potentially dilutive common stock. The potentially dilutive common stock included in the Company’s computation of diluted net income per share includes the effects of stock options, stock appreciation rights (“SARS”), and unvested restricted shares as determined using the treasury stock method. The following table sets forth the computation of basic and diluted (loss) income per share: Three Months Ended Six Months Ended August 1, August 2, August 1, August 2, 2015 2014 2015 2014 (in thousands, except per share data) Numerator: Net (loss) income $ (1,281 ) $ (1,616 ) $ 8,130 $ 6,159 Denominator: Basic-weighted average shares 15,048 14,906 14,849 14,844 Dilutive effect: equity awards — — 434 298 Diluted-weighted average shares 15,048 14,906 15,283 15,142 Basic (loss) income per share $ (0.09 ) $ (0.11 ) $ 0.55 $ 0.41 Diluted (loss) income per share $ (0.09 ) $ (0.11 ) $ 0.53 $ 0.41 Antidilutive effect: (1) 1,220 1,825 517 1,109 (1) Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.

EQUITY

EQUITY	6 Months Ended
	Aug. 01, 2015
EQUITY	11. EQUITY The following table reflects the changes in equity: Changes in (in thousands) Equity at January 31, 2015 $ 302,017 Comprehensive income 9,484 Share transactions under employee equity compensation plans 2,199 Equity at August 1, 2015 $ 313,700 Equity at February 1, 2014 $ 347,533 Comprehensive income 6,971 Share transactions under employee equity compensation plans 2,892 Equity at August 2, 2014 $ 357,396 During the second quarter of fiscal 2016, the Company retired 770,753 shares of treasury stock recorded at a cost of approximately $15.7 million. Accordingly, during the second quarter of fiscal 2016, the Company reduced common stock and additional paid in capital by $7,000 and $15.7 million, respectively.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Aug. 01, 2015
ACCUMULATED OTHER COMPREHENSIVE LOSS	12. ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss by component, net of tax: Unrealized (Loss) Pension Foreign Currency Adjustments, Unrealized Gain (Loss) Investments Total (in thousands) Balance, January 31, 2015 $ (8,085 ) $ (4,774 ) $ 7 $ (12,852 ) Other comprehensive income before reclassifications — 1,091 (7 ) 1,084 Amounts reclassified from accumulated other comprehensive income 270 — — 270 Balance, August 1, 2015 $ (7,815 ) $ (3,683 ) $ — $ (11,498 ) A summary of the impact on the condensed consolidated statements of operations line items is as follows: Three Months Ended August 1, August 2, (in thousands) Amortization of defined benefit pension items Actuarial gains $ 135 $ 130 Selling, general and administrative expenses Tax provision — 51 Income tax provision Total, net of tax $ 135 $ 79 Six Months Ended August 1, 2015 August 2, 2014 (in thousands) Amortization of defined benefit pension items Actuarial gains $ 270 $ 260 Selling, general and administrative expenses Tax provision — 101 Income tax provision Total, net of tax $ 270 $ 159

INCOME TAXES

INCOME TAXES	6 Months Ended
	Aug. 01, 2015
INCOME TAXES	13. INCOME TAXES The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. The Company’s U.S. federal income tax returns for fiscal 2011 through fiscal 2015 are open tax years. The Company’s state tax filings are subject to varying statutes of limitations. The Company’s unrecognized state tax benefits are related to open tax years from fiscal 2005 through fiscal 2016, depending on each state’s particular statute of limitation. As of August 1, 2015, the fiscal 2011, 2012 and 2013 U.S. federal income tax returns are under examination as well as various state, local, and foreign income tax returns by various taxing authorities. The Company has a $1.0 million liability recorded for unrecognized tax benefits as of January 31, 2015, which includes interest and penalties of $0.2 million. The Company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. All of the unrecognized tax benefits, if recognized, would affect the Company’s effective tax rate. During the three months and six months ended August 1, 2015, the total amount of unrecognized tax benefits increased by approximately $118,000 and $110,000, respectively. The change to the total amount of the unrecognized tax benefits for the three and six months ended August 1, 2015 included an increase in interest and penalties of approximately $20,000 and $27,000, respectively. The Company resolved the ongoing examination with the state of New York during the three months ended August 1, 2015. The Company does not currently anticipate a resolution within the next twelve months for any of the remaining unrecognized tax benefits as of August 1, 2015. The statute of limitations related to the Company’s fiscal 2011 and 2012 U.S. federal tax years has been extended as part of the examination and will not be expected to lapse within the next twelve months. During the fourth quarter of fiscal 2015, the Company recognized a valuation allowance of $42.4 million against the remaining deferred tax assets, whose utilization is not restricted by factors beyond the Company’s control. The establishment of valuation allowances and development of projected annual effective tax rates requires significant judgment and is impacted by various estimates. Both positive and negative evidence, as well as the objectivity and verifiability of that evidence, is considered in determining the appropriateness of recording a valuation allowance on deferred tax assets. While the Company recognized pretax earnings through the six months ended August 1, 2015, by itself that does not represent sufficient positive evidence of deferred tax asset realizability to warrant removing the valuation allowances established against the U.S. deferred tax assets. Deferred tax assets without valuation allowances remain in certain foreign tax jurisdictions, where supported by the evidence.

STOCK OPTIONS, STOCK APPRECIATI

STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES	6 Months Ended
	Aug. 01, 2015
STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES	14. STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES In 2002, the Company adopted the 2002 Stock Option Plan (the “2002 Plan”). The 2002 Plan was amended in 2003 to increase the number of shares reserved for issuance thereunder, among other changes. As amended, the 2002 Plan allowed the Company to grant Options to purchase up to an aggregate of 1,500,000 shares of the Company’s common stock. In 2005, the Company adopted the 2005 Long-Term Incentive Compensation Plan (the “2005 Plan”). The 2005 Plan allowed the Company to grant Options and other awards to purchase or receive up to an aggregate of 2,250,000 shares of the Company’s common stock, reduced by any awards outstanding under the 2002 Plan. On March 13, 2008, the Board of Directors unanimously adopted an amendment and restatement of the 2005 Plan that increased the number of shares available for grants by an additional 2,250,000 shares to an aggregate of 4,750,000 shares of common stock. On March 17, 2011, the Board of Directors unanimously adopted, the second amendment and restatement of the 2005 Plan, which increased the number of shares available for grants by an additional 500,000 shares to an aggregate of 5,250,000 shares of common stock. On May 20, 2015, the Board of Directors unanimously adopted, subject to shareholder approval at the annual meeting, the Perry Ellis International, Inc. 2015 Long Term Incentive Compensation Plan, which is an amendment and restatement of the 2005 Plan (the “2015 Plan, and collectively with the 2002 and 2005 Plans, as amended, the “Stock Plan”). The amendment was approved by the shareholders at the Company’s 2015 annual meeting. The 2015 Plan extends the existing term until July 17, 2025 as well as increases the number of shares of common stock reserved for issuance by an additional 1,000,000 shares to an aggregate of 6,250,000 shares. The Stock Plan is designed to serve as an incentive for attracting and retaining qualified and competent employees, officers, directors, consultants, and other persons who provide services to the Company. The 2015 Plan provides for the grants of Incentive Stock Options and Nonstatutory Stock Options. An Incentive Stock Option is an option to purchase common stock, which meets the requirements set forth under Section 422 of the Internal Revenue Code of 1986, as amended (“Section 422”). A Nonstatutory Stock Option is an option to purchase common stock, which meets the requirements of the 2015 Plan, but does not meet the definition of an “incentive stock option” under Section 422. The 2015 Plan is administered by the Compensation Committee of the Board of Directors (the “Committee”), which is comprised of two or more non-employee directors. Subject to the terms of the 2015 Plan the Committee determines the participants, the allotment of shares to participants, and the term of the options. The Committee also determines the exercise price and certain other terms of the options; provided, however that the per share exercise price of options granted under the 2015 Plan may not be less than the fair market value of the common stock on the date of grant, and in the case of an Incentive Stock Option granted to a 10% shareholder, the per share exercise price will not be less than 110% of the fair market value of the common stock on the date of grant. Under the 2015 Plan, restricted stock awards are granted subject to restrictions on transferability, risk of forfeiture and other restrictions, if any, as the Committee may impose, or as otherwise provided in the 2015 Plan, covering a period of time specified by the Committee. The terms of any restricted stock awards granted under the 2015 Plan are set forth in a written award agreement, which contains provisions determined by the Committee that are not inconsistent with the 2015 Plan. The restrictions may lapse separately or in combination at such times, under such circumstances (including based on achievement of performance goals and/or future service requirements), in such installments or otherwise, as the Committee may determine at the date of grant or thereafter. Except to the extent restricted under the terms of the 2015 Plan and any award agreement relating to a restricted stock award, a participant granted restricted stock shall have all of the rights of a shareholder, including the right to vote the restricted stock and the right to receive dividends thereon (subject to any mandatory reinvestment or other requirement imposed by the Committee). During the Restriction Period (as defined in the 2015 Plan), the restricted stock may not be sold, transferred, pledged, hypothecated, margined or otherwise encumbered by the participant. During the second quarter of fiscal 2016, the Company granted an aggregate of 8,130 SARs, to be settled in shares of common stock to two new directors. The SARs have an excercise price of $23.38 and generally vest over a three-year period and have a seven-year term, at an estimated value, based on the Black-Scholes During the first and second quarters of fiscal 2016, the Company granted an aggregate of 73,489 and 141,613 shares of restricted stock to certain key employees, which vest primarily over a three-year period, at an estimated value of $1.8 million and $3.5 million, respectively. This value is being recorded as compensation expense on a straight-line basis over the vesting period of the restricted stock. Also, during the second quarter of fiscal 2016, the Company awarded to five directors an aggregate of 12,840 shares of restricted stock. The restricted stock awarded vests primarily over a three-year period, at an estimated value of $0.3 million. This value is being recorded as compensation expense on a straight-line basis over the vesting period of the restricted stock. In April 2015, a total of 91,083 shares of restricted stock vested, of which 27,325 shares were withheld to cover the employees’ statutory income tax requirements. The estimated value of the withheld shares was $0.7 million.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Aug. 01, 2015
SEGMENT INFORMATION	15. SEGMENT INFORMATION The Company has four reportable segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing. The Men’s Sportswear and Swim and Women’s Sportswear segments derive revenues from the design, import and distribution of apparel to department stores and other retail outlets, principally throughout the United States. The Direct-to-Consumer segment derives its revenues from the sale of the Company’s branded and licensed products through its retail stores and e-commerce platform. The Licensing segment derives its revenues from royalties associated with the use of the Company’s brand names, principally Perry Ellis, Jantzen, John Henry, Original Penguin, Gotcha, Farah, Savane, Pro Player, Laundry, Manhattan and Munsingwear. The Company allocates certain corporate selling, general and administrative expenses based primarily on the revenues generated by each segment. Three Months Ended Six Months Ended August 1, August 2, August 1, August 2, 2015 2014 2015 2014 (in thousands) Revenues: Men’s Sportswear and Swim $ 150,488 $ 147,175 $ 348,941 $ 342,174 Women’s Sportswear 29,882 26,240 68,705 60,727 Direct-to-Consumer 24,268 22,595 45,249 43,025 Licensing 8,661 7,522 16,818 14,920 Total revenues $ 213,299 $ 203,532 $ 479,713 $ 460,846 Depreciation and amortization: Men’s Sportswear and Swim $ 1,863 $ 1,564 $ 3,738 $ 3,198 Women’s Sportswear 566 496 1,066 957 Direct-to-Consumer 971 889 1,875 1,735 Licensing 46 39 89 78 Total depreciation and amortization $ 3,446 $ 2,988 $ 6,768 $ 5,968 Operating income : Men’s Sportswear and Swim $ 822 $ (1,779 ) $ 12,152 $ 9,254 Women’s Sportswear (1,051 ) (1,970 ) 331 (1,573 ) Direct-to-Consumer (2,147 ) (1,126 ) (4,013 ) (2,978 ) Licensing (1) 6,618 6,378 12,245 11,775 Total operating income $ 4,242 $ 1,503 $ 20,715 $ 16,478 Costs on early extinguishment of debt 5,121 — 5,121 — Total interest expense 1,943 3,605 5,570 7,321 Total net (loss) income before income taxes $ (2,822 ) $ (2,102 ) $ 10,024 $ 9,157 (1) Operating income for the licensing segment for the six months ended August 1, 2015, includes a loss on sale of long-lived assets in the amount of $0.7 million. Operating income for the licensing segment for the three and six months ended August 2, 2014 includes a gain on sale of long-lived assets in the amount of $0.9 million and $0.9 million, respectively. See footnote 7 to the consolidated financial statements for further information.

BENEFIT PLAN

BENEFIT PLAN	6 Months Ended
	Aug. 01, 2015
BENEFIT PLAN	16. BENEFIT PLAN The Company sponsors a qualified pension plan. The following table provides the components of net benefit cost for the plan during the three and six months of fiscal 2016 and 2015: Three Months Ended Six Months Ended August 1, August 2, August 1, August 2, 2015 2014 2015 2014 (in thousands) Service cost $ 63 $ 63 $ 126 $ 126 Interest cost 337 433 674 866 Expected return on plan assets (658 ) (508 ) (1,316 ) (1,016 ) Amortization of net gain 135 130 270 260 Net periodic benefit cost $ (123 ) $ 118 $ (246 ) $ 236

SENIOR CREDIT FACILITY

SENIOR CREDIT FACILITY	6 Months Ended
	Aug. 01, 2015
SENIOR CREDIT FACILITY	17. SENIOR CREDIT FACILITY On April 22, 2015, the Company amended and restated its existing senior credit facility (the “Credit Facility”), with Wells Fargo Bank, National Association, as agent for the lenders, and Bank of America, N.A., as syndication agent. The Credit Facility provides a revolving credit facility of up to an aggregate amount of $200 million. The Credit Facility has been extended through April 30, 2020 (“Maturity Date”). In connection with this amendment and restatement, the Company paid fees in the amount of $0.6 million. These fees will be amortized over the term of the credit facility as interest expense. At August 1, 2015, we had outstanding borrowings of $58.2 million under the Credit Facility. At January 31, 2015, the Company had no outstanding borrowings under the Credit Facility. Certain Covenants 7 8 Borrowing Base. Interest. Security

Senior Subordinated Notes Payab

Senior Subordinated Notes Payable	6 Months Ended
	Aug. 01, 2015
Senior Subordinated Notes Payable	18. Senior Subordinated Notes Payable In March 2011, the Company issued $150 million 7 7 8 7 8 On April 6, 2015, the Company elected to call for the partial redemption of $100 million of its $150 million 7 7 8 Certain Covenants.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Aug. 01, 2015
FAIR VALUE MEASUREMENTS	19. FAIR VALUE MEASUREMENTS Accounts receivable, accounts payable, accrued interest payable and accrued expenses Investments. Real estate mortgages. Senior credit facility. Senior subordinated notes payable 7 8 7 8 These estimated fair value amounts have been determined using available market information and appropriate valuation methods.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	6 Months Ended
	Aug. 01, 2015
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	20. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS The Company and several of its subsidiaries (the “Guarantors”) have fully and unconditionally guaranteed the senior subordinated notes payable on a joint and several basis. These guarantees are subject to release in limited circumstances (only upon the occurrence of certain customary conditions). The following are condensed consolidating financial statements, which present, in separate columns: Perry Ellis International, Inc., (Parent Only), the Guarantors on a combined, or where appropriate, consolidated basis, and the Non-Guarantors on a combined, or where appropriate, consolidated basis. Additional columns present eliminating adjustments and consolidated totals as of August 1, 2015 and January 31, 2015 and for the three and six months ended August 1, 2015 and August 2, 2014. The combined Guarantors are 100% owned subsidiaries of Perry Ellis International, Inc., and have fully and unconditionally guaranteed the senior subordinated notes payable on a joint and several basis. PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF AUGUST 1, 2015 (amounts in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 4,301 $ 22,964 $ — $ 27,265 Accounts receivable, net — 97,938 26,337 — 124,275 Intercompany receivable, net 76,028 — — (76,028 ) — Inventories — 129,583 24,395 — 153,978 Investment, at fair value — — 10,704 — 10,704 Deferred income taxes — — 701 — 701 Prepaid income taxes 5,836 — — 338 6,174 Prepaid expenses and other current assets — 7,005 893 — 7,898 Total current assets 81,864 238,827 85,994 (75,690 ) 330,995 Property and equipment, net — 61,855 4,364 — 66,219 Other intangible assets, net — 172,919 33,638 — 206,557 Goodwill — 6,022 — — 6,022 Investment in subsidiaries 282,844 — — (282,844 ) — Other assets 503 2,366 1,362 — 4,231 TOTAL $ 365,211 $ 481,989 $ 125,358 $ (358,534 ) $ 614,024 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 64,062 $ 10,455 $ — $ 74,517 Accrued expenses and other liabilities — 21,059 5,095 — 26,154 Accrued interest payable 1,511 — — — 1,511 Income taxes payable — 452 906 (1,358 ) — Unearned revenues — 2,912 1,527 — 4,439 Deferred pension obligation — 8,943 72 — 9,015 Deferred income taxes — 82 — — 82 Intercompany payable , net — 59,528 20,794 (80,322 ) — Total current liabilities 1,511 157,038 38,849 (81,680 ) 115,718 Senior subordinated notes payable, net 50,000 — — — 50,000 Senior credit facility — 58,211 — — 58,211 Real estate mortgages — 21,684 — — 21,684 Unearned revenues and other long-term liabilities — 14,567 758 — 15,325 Deferred income taxes — 37,687 3 1,696 39,386 Total long-term liabilities 50,000 132,149 761 1,696 184,606 Total liabilities 51,511 289,187 39,610 (79,984 ) 300,324 Total equity 313,700 192,802 85,748 (278,550 ) 313,700 TOTAL $ 365,211 $ 481,989 $ 125,358 $ (358,534 ) $ 614,024 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF JANUARY 31, 2015 (amounts in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 30,055 $ 13,492 $ — $ 43,547 Accounts receivable, net — 114,325 23,107 — 137,432 Intercompany receivable, net 174,264 — — (174,264 ) — Inventories — 156,107 27,627 — 183,734 Investments, at fair value — — 19,996 — 19,996 Deferred income taxes — — 725 — 725 Prepaid income taxes 5,275 — 314 795 6,384 Prepaid expenses and other current assets — 6,159 965 — 7,124 Total current assets 179,539 306,646 86,226 (173,469 ) 398,942 Property and equipment, net — 60,216 4,417 — 64,633 Other intangible assets, net — 176,563 33,638 — 210,201 Goodwill — 6,022 — — 6,022 Investment in subsidiaries 274,714 — — (274,714 ) — Other assets 1,809 1,926 1,456 — 5,191 TOTAL $ 456,062 $ 551,373 $ 125,737 $ (448,183 ) $ 684,989 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 105,046 $ 12,743 $ — $ 117,789 Accrued expenses and other liabilities — 17,945 4,410 — 22,355 Accrued interest payable 4,045 — — — 4,045 Income taxes payable — 901 — (901 ) — Unearned revenues — 3,023 1,833 — 4,856 Deferred pension obligation — 8,878 52 — 8,930 Deferred income taxes — 797 — — 797 Intercompany payable, net — 156,438 23,211 (179,649 ) — Total current liabilities 4,045 293,028 42,249 (180,550 ) 158,772 Senior subordinated notes payable, net 150,000 — — — 150,000 Real estate mortgages — 22,109 — — 22,109 Unearned revenues and other long-term liabilities — 13,620 1,389 — 15,009 Deferred income taxes — 35,383 3 1,696 37,082 Total long-term liabilities 150,000 71,112 1,392 1,696 224,200 Total liabilities 154,045 364,140 43,641 (178,854 ) 382,972 Total equity 302,017 187,233 82,096 (269,329 ) 302,017 TOTAL $ 456,062 $ 551,373 $ 125,737 $ (448,183 ) $ 684,989 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS ) INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED AUGUST 1, 2015 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 179,921 $ 24,717 $ — $ 204,638 Royalty income — 5,286 3,375 — 8,661 Total revenues — 185,207 28,092 — 213,299 Cost of sales — 121,408 15,949 — 137,357 Gross profit — 63,799 12,143 — 75,942 Operating expenses: Selling, general and administrative expenses — 57,275 10,979 — 68,254 Depreciation and amortization — 3,138 308 — 3,446 Total operating expenses — 60,413 11,287 — 71,700 Operating income — 3,386 856 — 4,242 Costs on early extinguishment of debt — 5,121 — — 5,121 Interest expense — 1,939 4 — 1,943 Net (loss) income before income taxes — (3,674 ) 852 — (2,822 ) Income tax (benefit) provision — (2,517 ) 976 — (1,541 ) Equity in earnings of subsidiaries, net (1,281 ) — — 1,281 — Net (loss) income (1,281 ) (1,157 ) (124 ) 1,281 (1,281 ) Other comprehensive income 288 135 153 (288 ) 288 Comprehensive (loss) income $ (993 ) $ (1,022 ) $ 29 $ 993 $ (993 ) PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED AUGUST 2, 2014 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 173,789 $ 22,221 $ — $ 196,010 Royalty income — 4,570 2,952 — 7,522 Total revenues — 178,359 25,173 — 203,532 Cost of sales — 118,314 14,754 — 133,068 Gross profit — 60,045 10,419 — 70,464 Operating expenses: Selling, general and administrative expenses — 56,876 9,982 — 66,858 Depreciation and amortization — 2,752 236 — 2,988 Total operating expenses — 59,628 10,218 — 69,846 Gain on sale of long-lived assets — — 885 — 885 Operating income — 417 1,086 — 1,503 Interest expense — 3,615 (10 ) — 3,605 Net (loss) income before income taxes — (3,198 ) 1,096 — (2,102 ) Income tax (benefit) provision — 381 (867 ) — (486 ) Equity in earnings of subsidiaries, net (1,616 ) — — 1,616 — Net (loss) income (1,616 ) (3,579 ) 1,963 1,616 (1,616 ) Other comprehensive income (loss) 58 79 (21 ) (58 ) 58 Comprehensive (loss) income $ (1,558 ) $ (3,500 ) $ 1,942 $ 1,558 $ (1,558 ) PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE SIX MONTHS ENDED AUGUST 1, 2015 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 412,200 $ 50,695 $ — $ 462,895 Royalty income — 10,198 6,620 — 16,818 Total revenues — 422,398 57,315 — 479,713 Cost of sales — 281,659 32,012 — 313,671 Gross profit — 140,739 25,303 — 166,042 Operating expenses: Selling, general and administrative expenses — 117,120 20,742 — 137,862 Depreciation and amortization — 6,162 606 — 6,768 Total operating expenses — 123,282 21,348 — 144,630 Loss on sale of long-lived assets — (697 ) — — (697 ) Operating income — 16,760 3,955 — 20,715 Costs on early extinguishment of debt — 5,121 — — 5,121 Interest expense — 5,506 64 — 5,570 Net income before income taxes — 6,133 3,891 — 10,024 Income tax provision — 564 1,330 — 1,894 Equity in earnings of subsidiaries, net 8,130 — — (8,130 ) — Net income 8,130 5,569 2,561 (8,130 ) 8,130 Other comprehensive income 1,354 270 1,084 (1,354 ) 1,354 Comprehensive income $ 9,484 $ 5,839 $ 3,645 $ (9,484 ) $ 9,484 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE SIX MONTHS ENDED AUGUST 2, 2014 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 399,120 $ 46,806 $ — $ 445,926 Royalty income — 9,090 5,830 — 14,920 Total revenues — 408,210 52,636 — 460,846 Cost of sales — 272,559 30,158 — 302,717 Gross profit — 135,651 22,478 — 158,129 Operating expenses: Selling, general and administrative expenses — 117,430 19,138 — 136,568 Depreciation and amortization — 5,521 447 — 5,968 Total operating expenses — 122,951 19,585 — 142,536 Gain on sale of long-lived assets — — 885 — 885 Operating income — 12,700 3,778 — 16,478 Interest expense — 7,300 21 — 7,321 Net income before income taxes — 5,400 3,757 — 9,157 Income tax provision — 2,601 397 — 2,998 Equity in earnings of subsidiaries, net 6,159 — — (6,159 ) — Net income 6,159 2,799 3,360 (6,159 ) 6,159 Other comprehensive income 812 159 653 (812 ) 812 Comprehensive income $ 6,971 $ 2,958 $ 4,013 $ (6,971 ) $ 6,971 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED AUGUST 1, 2015 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES: $ (1,789 ) $ 19,293 $ 2,972 $ — $ 20,476 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (6,734 ) (611 ) — (7,345 ) Purchase of investments — — (2,641 ) — (2,641 ) Proceeds from investment maturities — — 11,860 — 11,860 Proceeds on sale of intangible assets — 2,500 — — 2,500 Intercompany transactions 100,076 — — (100,076 ) — Net cash provided by (used in) investing activities 100,076 (4,234 ) 8,608 (100,076 ) 4,374 CASH FLOWS FROM FINANCING ACTIVITIES: Payments on senior subordinated notes (100,000 ) — — — (100,000 ) Borrowings from senior credit facility — 255,065 — — 255,065 Payments on senior credit facility — (196,854 ) — — (196,854 ) Payments on real estate mortgages — (410 ) — — (410 ) Payments on capital leases — (77 ) — — (77 ) Deferred financing fees — (569 ) — — (569 ) Proceeds from exercise of stock options 1,339 — — — 1,339 Tax benefit from exercise of equity instruments (201 ) — — — (201 ) Intercompany transactions (97,968 ) (2,683 ) 100,651 — Net cash (used in) provided by financing activities (98,862 ) (40,813 ) (2,683 ) 100,651 (41,707 ) Effect of exchange rate changes on cash and cash equivalents 575 — 575 (575 ) 575 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (25,754 ) 9,472 — (16,282 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 30,055 13,492 — 43,547 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 4,301 $ 22,964 $ — $ 27,265 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED AUGUST 2, 2014 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES: $ (182 ) $ 39,319 $ 4,842 $ 2,999 $ 46,978 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (6,895 ) (428 ) — (7,323 ) Purchase of investments — — (22,897 ) — (22,897 ) Proceeds from investment maturities — — 14,160 — 14,160 Intercompany transactions 163 — — (163 ) — Net cash provided by (used in) investing activities 163 (6,895 ) (9,165 ) (163 ) (16,060 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 159,402 — — 159,402 Payments on senior credit facility — (167,564 ) — — (167,564 ) Payments on real estate mortgages — (396 ) — — (396 ) Payments on capital leases — (150 ) — — (150 ) Proceeds from exercise of stock options 197 — — — 197 Tax benefit from exercise of equity instruments (144 ) — — — (144 ) Intercompany transactions — (2,307 ) 2,178 129 — Net cash provided by (used in) financing activities 53 (11,015 ) 2,178 129 (8,655 ) Effect of exchange rate changes on cash and cash equivalents (34 ) — (34 ) 34 (34 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 21,409 (2,179 ) 2,999 22,229 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — — 29,988 (2,999 ) 26,989 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 21,409 $ 27,809 $ — $ 49,218

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	6 Months Ended
	Aug. 01, 2015
Components of Accounts Receivable	Accounts receivable consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Trade accounts $ 139,901 $ 150,515 Royalties 5,923 6,662 Other receivables 960 1,034 Total 146,784 158,211 Less: allowances (22,509 ) (20,779 ) Total $ 124,275 $ 137,432

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Aug. 01, 2015
Summary of Inventories	Inventories consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Finished goods $ 153,681 $ 183,468 Raw materials and in process 297 266 Total $ 153,978 $ 183,734

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Aug. 01, 2015
Investments	Investments consisted of the following as of August 1, 2015: Cost Gross Unrealized Gross Unrealized Estimated Fair Value (in thousands) Marketable securities $ 6,182 $ 1 $ (1 ) $ 6,182 Certificates of deposit 4,522 1 (1 ) 4,522 Total investments $ 10,704 $ 2 $ (2 ) $ 10,704 Investments consisted of the following as of January 31, 2015: Cost Gross Unrealized Gross Unrealized Estimated Fair Value (in thousands) Marketable securities $ 12,247 $ 9 $ — $ 12,256 Certificates of deposit 7,742 1 (3 ) 7,740 Total investments $ 19,989 $ 10 $ (3 ) $ 19,996

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Aug. 01, 2015
Summary of Property and Equipment	Property and equipment consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Furniture, fixtures and equipment $ 83,037 $ 79,225 Buildings and building improvements 19,881 19,719 Vehicles 560 569 Leasehold improvements 50,511 47,807 Land 9,488 9,488 Total 163,477 156,808 Less: accumulated depreciation and amortization (97,258 ) (92,175 ) Total $ 66,219 $ 64,633
Summary of Property and Equipment Includes Assets Held under Capital Leases	The above table of property and equipment includes assets held under capital leases as of: August 1, January 31, 2015 2015 (in thousands) Furniture, fixtures and equipment $ 810 $ 888 Less: accumulated depreciation and amortization (47 ) (791 ) Total $ 763 $ 97

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Aug. 01, 2015
Summary of Other Intangible Assets	Other intangible assets consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (4,230 ) (3,782 ) Total $ 4,220 $ 4,668

LETTER OF CREDIT FACILITIES (Ta

LETTER OF CREDIT FACILITIES (Tables)	6 Months Ended
	Aug. 01, 2015
Borrowings and Availability under Letter of Credit Facilities	Borrowings and availability under letter of credit facilities consisted of the following as of: August 1, January 31, 2015 2015 (in thousands) Total letter of credit facilities $ 30,312 $ 45,301 Outstanding letters of credit (11,595 ) (11,595 ) Total credit available $ 18,717 $ 33,706

NET (LOSS) INCOME PER SHARE (Ta

NET (LOSS) INCOME PER SHARE (Tables)	6 Months Ended
	Aug. 01, 2015
Calculation of Basic and Diluted (Loss) Earnings Per Share	The following table sets forth the computation of basic and diluted (loss) income per share: Three Months Ended Six Months Ended August 1, August 2, August 1, August 2, 2015 2014 2015 2014 (in thousands, except per share data) Numerator: Net (loss) income $ (1,281 ) $ (1,616 ) $ 8,130 $ 6,159 Denominator: Basic-weighted average shares 15,048 14,906 14,849 14,844 Dilutive effect: equity awards — — 434 298 Diluted-weighted average shares 15,048 14,906 15,283 15,142 Basic (loss) income per share $ (0.09 ) $ (0.11 ) $ 0.55 $ 0.41 Diluted (loss) income per share $ (0.09 ) $ (0.11 ) $ 0.53 $ 0.41 Antidilutive effect: (1) 1,220 1,825 517 1,109 (1) Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Aug. 01, 2015
Changes in Equity	The following table reflects the changes in equity: Changes in (in thousands) Equity at January 31, 2015 $ 302,017 Comprehensive income 9,484 Share transactions under employee equity compensation plans 2,199 Equity at August 1, 2015 $ 313,700 Equity at February 1, 2014 $ 347,533 Comprehensive income 6,971 Share transactions under employee equity compensation plans 2,892 Equity at August 2, 2014 $ 357,396

ACCUMULATED OTHER COMPREHENSI36

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Aug. 01, 2015
Accumulated Other Comprehensive Loss	Changes in accumulated other comprehensive loss by component, net of tax: Unrealized (Loss) Pension Foreign Currency Adjustments, Unrealized Gain (Loss) Investments Total (in thousands) Balance, January 31, 2015 $ (8,085 ) $ (4,774 ) $ 7 $ (12,852 ) Other comprehensive income before reclassifications — 1,091 (7 ) 1,084 Amounts reclassified from accumulated other comprehensive income 270 — — 270 Balance, August 1, 2015 $ (7,815 ) $ (3,683 ) $ — $ (11,498 )
Summary of Impact on Condensed Consolidated Statements of Operations Line Items	A summary of the impact on the condensed consolidated statements of operations line items is as follows: Three Months Ended August 1, August 2, (in thousands) Amortization of defined benefit pension items Actuarial gains $ 135 $ 130 Selling, general and administrative expenses Tax provision — 51 Income tax provision Total, net of tax $ 135 $ 79 Six Months Ended August 1, 2015 August 2, 2014 (in thousands) Amortization of defined benefit pension items Actuarial gains $ 270 $ 260 Selling, general and administrative expenses Tax provision — 101 Income tax provision Total, net of tax $ 270 $ 159

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Aug. 01, 2015
Segment Information	The Company allocates certain corporate selling, general and administrative expenses based primarily on the revenues generated by each segment. Three Months Ended Six Months Ended August 1, August 2, August 1, August 2, 2015 2014 2015 2014 (in thousands) Revenues: Men’s Sportswear and Swim $ 150,488 $ 147,175 $ 348,941 $ 342,174 Women’s Sportswear 29,882 26,240 68,705 60,727 Direct-to-Consumer 24,268 22,595 45,249 43,025 Licensing 8,661 7,522 16,818 14,920 Total revenues $ 213,299 $ 203,532 $ 479,713 $ 460,846 Depreciation and amortization: Men’s Sportswear and Swim $ 1,863 $ 1,564 $ 3,738 $ 3,198 Women’s Sportswear 566 496 1,066 957 Direct-to-Consumer 971 889 1,875 1,735 Licensing 46 39 89 78 Total depreciation and amortization $ 3,446 $ 2,988 $ 6,768 $ 5,968 Operating income : Men’s Sportswear and Swim $ 822 $ (1,779 ) $ 12,152 $ 9,254 Women’s Sportswear (1,051 ) (1,970 ) 331 (1,573 ) Direct-to-Consumer (2,147 ) (1,126 ) (4,013 ) (2,978 ) Licensing (1) 6,618 6,378 12,245 11,775 Total operating income $ 4,242 $ 1,503 $ 20,715 $ 16,478 Costs on early extinguishment of debt 5,121 — 5,121 — Total interest expense 1,943 3,605 5,570 7,321 Total net (loss) income before income taxes $ (2,822 ) $ (2,102 ) $ 10,024 $ 9,157 (1) Operating income for the licensing segment for the six months ended August 1, 2015, includes a loss on sale of long-lived assets in the amount of $0.7 million. Operating income for the licensing segment for the three and six months ended August 2, 2014 includes a gain on sale of long-lived assets in the amount of $0.9 million and $0.9 million, respectively. See footnote 7 to the consolidated financial statements for further information.

BENEFIT PLAN (Tables)

BENEFIT PLAN (Tables)	6 Months Ended
	Aug. 01, 2015
Components of Net Benefit Cost	The following table provides the components of net benefit cost for the plan during the three and six months of fiscal 2016 and 2015: Three Months Ended Six Months Ended August 1, August 2, August 1, August 2, 2015 2014 2015 2014 (in thousands) Service cost $ 63 $ 63 $ 126 $ 126 Interest cost 337 433 674 866 Expected return on plan assets (658 ) (508 ) (1,316 ) (1,016 ) Amortization of net gain 135 130 270 260 Net periodic benefit cost $ (123 ) $ 118 $ (246 ) $ 236

CONDENSED CONSOLIDATING FINAN39

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	6 Months Ended
	Aug. 01, 2015
Condensed Consolidating Balance Sheet	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF AUGUST 1, 2015 (amounts in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 4,301 $ 22,964 $ — $ 27,265 Accounts receivable, net — 97,938 26,337 — 124,275 Intercompany receivable, net 76,028 — — (76,028 ) — Inventories — 129,583 24,395 — 153,978 Investment, at fair value — — 10,704 — 10,704 Deferred income taxes — — 701 — 701 Prepaid income taxes 5,836 — — 338 6,174 Prepaid expenses and other current assets — 7,005 893 — 7,898 Total current assets 81,864 238,827 85,994 (75,690 ) 330,995 Property and equipment, net — 61,855 4,364 — 66,219 Other intangible assets, net — 172,919 33,638 — 206,557 Goodwill — 6,022 — — 6,022 Investment in subsidiaries 282,844 — — (282,844 ) — Other assets 503 2,366 1,362 — 4,231 TOTAL $ 365,211 $ 481,989 $ 125,358 $ (358,534 ) $ 614,024 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 64,062 $ 10,455 $ — $ 74,517 Accrued expenses and other liabilities — 21,059 5,095 — 26,154 Accrued interest payable 1,511 — — — 1,511 Income taxes payable — 452 906 (1,358 ) — Unearned revenues — 2,912 1,527 — 4,439 Deferred pension obligation — 8,943 72 — 9,015 Deferred income taxes — 82 — — 82 Intercompany payable , net — 59,528 20,794 (80,322 ) — Total current liabilities 1,511 157,038 38,849 (81,680 ) 115,718 Senior subordinated notes payable, net 50,000 — — — 50,000 Senior credit facility — 58,211 — — 58,211 Real estate mortgages — 21,684 — — 21,684 Unearned revenues and other long-term liabilities — 14,567 758 — 15,325 Deferred income taxes — 37,687 3 1,696 39,386 Total long-term liabilities 50,000 132,149 761 1,696 184,606 Total liabilities 51,511 289,187 39,610 (79,984 ) 300,324 Total equity 313,700 192,802 85,748 (278,550 ) 313,700 TOTAL $ 365,211 $ 481,989 $ 125,358 $ (358,534 ) $ 614,024 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF JANUARY 31, 2015 (amounts in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 30,055 $ 13,492 $ — $ 43,547 Accounts receivable, net — 114,325 23,107 — 137,432 Intercompany receivable, net 174,264 — — (174,264 ) — Inventories — 156,107 27,627 — 183,734 Investments, at fair value — — 19,996 — 19,996 Deferred income taxes — — 725 — 725 Prepaid income taxes 5,275 — 314 795 6,384 Prepaid expenses and other current assets — 6,159 965 — 7,124 Total current assets 179,539 306,646 86,226 (173,469 ) 398,942 Property and equipment, net — 60,216 4,417 — 64,633 Other intangible assets, net — 176,563 33,638 — 210,201 Goodwill — 6,022 — — 6,022 Investment in subsidiaries 274,714 — — (274,714 ) — Other assets 1,809 1,926 1,456 — 5,191 TOTAL $ 456,062 $ 551,373 $ 125,737 $ (448,183 ) $ 684,989 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 105,046 $ 12,743 $ — $ 117,789 Accrued expenses and other liabilities — 17,945 4,410 — 22,355 Accrued interest payable 4,045 — — — 4,045 Income taxes payable — 901 — (901 ) — Unearned revenues — 3,023 1,833 — 4,856 Deferred pension obligation — 8,878 52 — 8,930 Deferred income taxes — 797 — — 797 Intercompany payable, net — 156,438 23,211 (179,649 ) — Total current liabilities 4,045 293,028 42,249 (180,550 ) 158,772 Senior subordinated notes payable, net 150,000 — — — 150,000 Real estate mortgages — 22,109 — — 22,109 Unearned revenues and other long-term liabilities — 13,620 1,389 — 15,009 Deferred income taxes — 35,383 3 1,696 37,082 Total long-term liabilities 150,000 71,112 1,392 1,696 224,200 Total liabilities 154,045 364,140 43,641 (178,854 ) 382,972 Total equity 302,017 187,233 82,096 (269,329 ) 302,017 TOTAL $ 456,062 $ 551,373 $ 125,737 $ (448,183 ) $ 684,989
Condensed Consolidating Statement of Comprehensive Income	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS ) INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED AUGUST 1, 2015 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 179,921 $ 24,717 $ — $ 204,638 Royalty income — 5,286 3,375 — 8,661 Total revenues — 185,207 28,092 — 213,299 Cost of sales — 121,408 15,949 — 137,357 Gross profit — 63,799 12,143 — 75,942 Operating expenses: Selling, general and administrative expenses — 57,275 10,979 — 68,254 Depreciation and amortization — 3,138 308 — 3,446 Total operating expenses — 60,413 11,287 — 71,700 Operating income — 3,386 856 — 4,242 Costs on early extinguishment of debt — 5,121 — — 5,121 Interest expense — 1,939 4 — 1,943 Net (loss) income before income taxes — (3,674 ) 852 — (2,822 ) Income tax (benefit) provision — (2,517 ) 976 — (1,541 ) Equity in earnings of subsidiaries, net (1,281 ) — — 1,281 — Net (loss) income (1,281 ) (1,157 ) (124 ) 1,281 (1,281 ) Other comprehensive income 288 135 153 (288 ) 288 Comprehensive (loss) income $ (993 ) $ (1,022 ) $ 29 $ 993 $ (993 ) PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED AUGUST 2, 2014 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 173,789 $ 22,221 $ — $ 196,010 Royalty income — 4,570 2,952 — 7,522 Total revenues — 178,359 25,173 — 203,532 Cost of sales — 118,314 14,754 — 133,068 Gross profit — 60,045 10,419 — 70,464 Operating expenses: Selling, general and administrative expenses — 56,876 9,982 — 66,858 Depreciation and amortization — 2,752 236 — 2,988 Total operating expenses — 59,628 10,218 — 69,846 Gain on sale of long-lived assets — — 885 — 885 Operating income — 417 1,086 — 1,503 Interest expense — 3,615 (10 ) — 3,605 Net (loss) income before income taxes — (3,198 ) 1,096 — (2,102 ) Income tax (benefit) provision — 381 (867 ) — (486 ) Equity in earnings of subsidiaries, net (1,616 ) — — 1,616 — Net (loss) income (1,616 ) (3,579 ) 1,963 1,616 (1,616 ) Other comprehensive income (loss) 58 79 (21 ) (58 ) 58 Comprehensive (loss) income $ (1,558 ) $ (3,500 ) $ 1,942 $ 1,558 $ (1,558 ) PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE SIX MONTHS ENDED AUGUST 1, 2015 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 412,200 $ 50,695 $ — $ 462,895 Royalty income — 10,198 6,620 — 16,818 Total revenues — 422,398 57,315 — 479,713 Cost of sales — 281,659 32,012 — 313,671 Gross profit — 140,739 25,303 — 166,042 Operating expenses: Selling, general and administrative expenses — 117,120 20,742 — 137,862 Depreciation and amortization — 6,162 606 — 6,768 Total operating expenses — 123,282 21,348 — 144,630 Loss on sale of long-lived assets — (697 ) — — (697 ) Operating income — 16,760 3,955 — 20,715 Costs on early extinguishment of debt — 5,121 — — 5,121 Interest expense — 5,506 64 — 5,570 Net income before income taxes — 6,133 3,891 — 10,024 Income tax provision — 564 1,330 — 1,894 Equity in earnings of subsidiaries, net 8,130 — — (8,130 ) — Net income 8,130 5,569 2,561 (8,130 ) 8,130 Other comprehensive income 1,354 270 1,084 (1,354 ) 1,354 Comprehensive income $ 9,484 $ 5,839 $ 3,645 $ (9,484 ) $ 9,484 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE SIX MONTHS ENDED AUGUST 2, 2014 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 399,120 $ 46,806 $ — $ 445,926 Royalty income — 9,090 5,830 — 14,920 Total revenues — 408,210 52,636 — 460,846 Cost of sales — 272,559 30,158 — 302,717 Gross profit — 135,651 22,478 — 158,129 Operating expenses: Selling, general and administrative expenses — 117,430 19,138 — 136,568 Depreciation and amortization — 5,521 447 — 5,968 Total operating expenses — 122,951 19,585 — 142,536 Gain on sale of long-lived assets — — 885 — 885 Operating income — 12,700 3,778 — 16,478 Interest expense — 7,300 21 — 7,321 Net income before income taxes — 5,400 3,757 — 9,157 Income tax provision — 2,601 397 — 2,998 Equity in earnings of subsidiaries, net 6,159 — — (6,159 ) — Net income 6,159 2,799 3,360 (6,159 ) 6,159 Other comprehensive income 812 159 653 (812 ) 812 Comprehensive income $ 6,971 $ 2,958 $ 4,013 $ (6,971 ) $ 6,971
Condensed Consolidating Statement of Cash Flows	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED AUGUST 1, 2015 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES: $ (1,789 ) $ 19,293 $ 2,972 $ — $ 20,476 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (6,734 ) (611 ) — (7,345 ) Purchase of investments — — (2,641 ) — (2,641 ) Proceeds from investment maturities — — 11,860 — 11,860 Proceeds on sale of intangible assets — 2,500 — — 2,500 Intercompany transactions 100,076 — — (100,076 ) — Net cash provided by (used in) investing activities 100,076 (4,234 ) 8,608 (100,076 ) 4,374 CASH FLOWS FROM FINANCING ACTIVITIES: Payments on senior subordinated notes (100,000 ) — — — (100,000 ) Borrowings from senior credit facility — 255,065 — — 255,065 Payments on senior credit facility — (196,854 ) — — (196,854 ) Payments on real estate mortgages — (410 ) — — (410 ) Payments on capital leases — (77 ) — — (77 ) Deferred financing fees — (569 ) — — (569 ) Proceeds from exercise of stock options 1,339 — — — 1,339 Tax benefit from exercise of equity instruments (201 ) — — — (201 ) Intercompany transactions (97,968 ) (2,683 ) 100,651 — Net cash (used in) provided by financing activities (98,862 ) (40,813 ) (2,683 ) 100,651 (41,707 ) Effect of exchange rate changes on cash and cash equivalents 575 — 575 (575 ) 575 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (25,754 ) 9,472 — (16,282 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 30,055 13,492 — 43,547 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 4,301 $ 22,964 $ — $ 27,265 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED AUGUST 2, 2014 (amounts in thousands) Parent Guarantors Non- Guarantors Eliminations Consolidated NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES: $ (182 ) $ 39,319 $ 4,842 $ 2,999 $ 46,978 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (6,895 ) (428 ) — (7,323 ) Purchase of investments — — (22,897 ) — (22,897 ) Proceeds from investment maturities — — 14,160 — 14,160 Intercompany transactions 163 — — (163 ) — Net cash provided by (used in) investing activities 163 (6,895 ) (9,165 ) (163 ) (16,060 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 159,402 — — 159,402 Payments on senior credit facility — (167,564 ) — — (167,564 ) Payments on real estate mortgages — (396 ) — — (396 ) Payments on capital leases — (150 ) — — (150 ) Proceeds from exercise of stock options 197 — — — 197 Tax benefit from exercise of equity instruments (144 ) — — — (144 ) Intercompany transactions — (2,307 ) 2,178 129 — Net cash provided by (used in) financing activities 53 (11,015 ) 2,178 129 (8,655 ) Effect of exchange rate changes on cash and cash equivalents (34 ) — (34 ) 34 (34 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 21,409 (2,179 ) 2,999 22,229 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — — 29,988 (2,999 ) 26,989 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 21,409 $ 27,809 $ — $ 49,218

Components of Accounts Receivab

Components of Accounts Receivable (Detail) - Entity [Domain] - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 146,784	$ 158,211
Less: allowances	(22,509)	(20,779)
Total	124,275	137,432
Trade Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	139,901	150,515
Royalties Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	5,923	6,662
Other Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 960	$ 1,034

Inventories (Detail)

Inventories (Detail) - Entity [Domain] - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Inventory [Line Items]
Finished goods	$ 153,681	$ 183,468
Raw materials and in process	297	266
Total	$ 153,978	$ 183,734

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Millions	Aug. 01, 2015USD ($)
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities maturing within one year or less	$ 4.5

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Schedule of Investments [Line Items]
Cost	$ 10,704	$ 19,989
Gross Unrealized Gains	2	10
Gross Unrealized Losses	(2)	(3)
Estimated Fair Value	10,704	19,996
Marketable securities
Schedule of Investments [Line Items]
Cost	6,182	12,247
Gross Unrealized Gains	1	9
Gross Unrealized Losses	(1)
Estimated Fair Value	6,182	12,256
Certificates of Deposit
Schedule of Investments [Line Items]
Cost	4,522	7,742
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(1)	(3)
Estimated Fair Value	$ 4,522	$ 7,740

Property and Equipment (Detail)

Property and Equipment (Detail) - Entity [Domain] - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Property, Plant and Equipment [Line Items]
Total	$ 163,477	$ 156,808
Less: accumulated depreciation and amortization	(97,258)	(92,175)
Total	66,219	64,633
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	83,037	79,225
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Total	19,881	19,719
Vehicles
Property, Plant and Equipment [Line Items]
Total	560	569
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total	50,511	47,807
Land
Property, Plant and Equipment [Line Items]
Total	$ 9,488	$ 9,488

Summary of Property and Equipme

Summary of Property and Equipment Includes Assets Held under Capital Leases (Detail) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Property, Plant and Equipment [Line Items]
Furniture, fixtures and equipment	$ 810	$ 888
Less: accumulated depreciation and amortization	(47)	(791)
Total	$ 763	$ 97

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense related to property and equipment	$ 3.3	$ 2.9	$ 6.6	$ 5.8

Other Intangible Assets - Addit

Other Intangible Assets - Additional Information (Detail) - Entity [Domain]	3 Months Ended		6 Months Ended
	Aug. 01, 2015USD ($)	Aug. 02, 2014USD ($)	Aug. 01, 2015USD ($)	Aug. 02, 2014USD ($)Investment	Jan. 31, 2015USD ($)
Intangible Assets [Line Items]
Asset sales agreement date			Mar. 19, 2015	Aug. 1, 2014
Proceeds on sale of intangible assets			$ 2,500,000
Sales agreement amount		$ 1,300,000		$ 1,300,000
Number of installments | Investment				5
Notes receivable installments payments amount resulting from sale of intangible asset		$ 250,000		$ 250,000
Notes receivable installments payments description resulting from sale of intangible asset			The first two payments have been received. The remaining three payments are to be paid annually commencing on August 1, 2016 with the final payment to be made on August 1, 2018.
Interest rate on purchase price		3.50%		3.50%
Intangible assets amortized estimated useful lives			10 years
Estimated amortization expense 2016	$ 900,000		$ 900,000
Estimated amortization expense 2017	900,000		900,000
Estimated amortization expense 2018	800,000		800,000
Estimated amortization expense 2019	800,000		800,000
Estimated amortization expense 2020	700,000		700,000
Estimated amortization expense 2021	500,000		500,000
Customer Lists
Intangible Assets [Line Items]
Amortization expense	200,000	$ 300,000	400,000	$ 500,000
Licensing
Intangible Assets [Line Items]
Gain (loss) on sale of intangible assets		$ 900,000	(700,000)	$ 900,000
Trademarks
Intangible Assets [Line Items]
Trademarks included in other intangible assets, net	$ 202,300,000		$ 202,300,000		$ 205,500,000

Intangible Assets (Detail)

Intangible Assets (Detail) - Customer Lists - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Customer lists	$ 8,450	$ 8,450
Less: accumulated amortization	(4,230)	(3,782)
Total	$ 4,220	$ 4,668

Letter of Credit Facilities (De

Letter of Credit Facilities (Detail) - Letter of Credit - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Line of Credit Facility [Line Items]
Total letter of credit facilities	$ 30,312	$ 45,301
Outstanding letters of credit	(11,595)	(11,595)
Total credit available	$ 18,717	$ 33,706

Letter of Credit Facilities - A

Letter of Credit Facilities - Additional Information (Detail) $ in Millions	Aug. 01, 2015USD ($)
Letter of Credit
Line of Credit Facility [Line Items]
Line Of Credit, amount expired and not renewed	$ 15

Advertising and Related Costs -

Advertising and Related Costs - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Advertising Costs [Line Items]
Advertising and related costs	$ 3.2	$ 3.1	$ 7	$ 7.8

Computation of Basic and Dilute

Computation of Basic and Diluted (Loss) Income Per Share (Detail) - Entity [Domain] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Numerator:
Net (loss) income		$ (1,281)	$ (1,616)	$ 8,130	$ 6,159
Denominator:
Basic-weighted average shares		15,048	14,906	14,849	14,844
Dilutive effect: equity awards				434	298
Diluted-weighted average shares		15,048	14,906	15,283	15,142
Basic (loss) income per share		$ (0.09)	$ (0.11)	$ 0.55	$ 0.41
Diluted (loss) income per share		$ (0.09)	$ (0.11)	$ 0.53	$ 0.41
Antidilutive effect	[1]	1,220	1,825	517	1,109
[1]	Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.

Equity (Detail)

Equity (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Equity [Line Items]
Beginning Balance			$ 302,017	$ 347,533
Comprehensive income	$ (993)	$ (1,558)	9,484	6,971
Share transactions under employee equity compensation plans			2,199	2,892
Ending Balance	$ 313,700	$ 357,396	$ 313,700	$ 357,396

Equity - Additional Information

Equity - Additional Information (Detail) - 3 months ended Aug. 01, 2015 - USD ($)	Total
Common Stock
Shareholders Equity [Line Items]
Retirement of treasury stock, shares	770,753
Retirement of treasury stock	$ 7,000
Additional Paid-in Capital
Shareholders Equity [Line Items]
Retirement of treasury stock	15,700,000
Treasury Stock
Shareholders Equity [Line Items]
Retirement of treasury stock	$ (15,700,000)

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - Aug. 01, 2015 - USD ($) $ in Thousands	Total
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (12,852)
Other comprehensive income before reclassifications	1,084
Amounts reclassified from accumulated other comprehensive income	270
Ending Balance	(11,498)
Unrealized (Loss) Gain on Pension Liability
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(8,085)
Amounts reclassified from accumulated other comprehensive income	270
Ending Balance	(7,815)
Foreign Currency Translation Adjustments, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(4,774)
Other comprehensive income before reclassifications	1,091
Ending Balance	(3,683)
Unrealized (Loss) Gain on Investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	7
Other comprehensive income before reclassifications	$ (7)

Summary of Impact on Condensed

Summary of Impact on Condensed Consolidated Statements of Operations Line Items (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ 68,254	$ 66,858	$ 137,862	$ 136,568
Income tax (benefit) provision	1,541	486	(1,894)	(2,998)
Total, net of tax			(270)
Unrealized (Loss) Gain on Pension Liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total, net of tax			(270)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized (Loss) Gain on Pension Liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	135	130	270	260
Income tax (benefit) provision		51		101
Total, net of tax	$ 135	$ 79	$ 270	$ 159

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Aug. 01, 2015	Aug. 01, 2015	Jan. 31, 2015
Income Tax Disclosure [Line Items]
Unrecognized tax benefits			$ 1,000,000
Unrecognized tax benefits, interest and penalties			200,000
Unrecognized tax benefits, increase (decrease)	$ 118,000	$ 110,000
Increase (decrease) in interest and penalties	$ 20,000	$ 27,000
Valuation allowance			$ 42,400,000
Internal Revenue Service (IRS) | Earliest Tax Year
Income Tax Disclosure [Line Items]
Open tax years		2,011
Internal Revenue Service (IRS) | Latest Tax Year
Income Tax Disclosure [Line Items]
Open tax years		2,015

Stock Options, Stock Apprecia58

Stock Options, Stock Appreciation Rights and Restricted Shares - Additional Information (Detail) $ / shares in Units, $ in Millions	Mar. 17, 2011shares	Mar. 13, 2008shares	Apr. 30, 2015USD ($)shares	Aug. 01, 2015USD ($)Director$ / sharesshares	May. 02, 2015USD ($)shares	Aug. 01, 2015USD ($)Directorshares	Dec. 31, 2006shares	Jan. 31, 2003shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock vested			91,083
Number of restricted stock tax withheld			27,325
Number of restricted stock tax withholding value | $			$ 0.7
Stock Appreciation Rights (SARs) | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded				8,130
Number of directors awarded | Director				2		2
Exercise price per share of shares awarded | $ / shares				$ 23.38
Vesting period of awards				3 years
Award expiration term				7 years
Fair value of stock granted | $				$ 0.1
Performance Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded				141,613	73,489
Vesting period of awards				3 years	3 years
Fair value of stock granted | $				$ 3.5	$ 1.8
Restricted Stock | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded				12,840
Vesting period of awards				3 years
Number of directors awarded restricted stock | Director				5
Value of award granted | $				$ 0.3		$ 0.3
2002 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant								1,500,000
2005 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant	5,250,000	4,750,000					2,250,000
Increase in number of shares authorized for grant	500,000	2,250,000
2015 Long-Term Incentive Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant				6,250,000		6,250,000
Increase in number of shares authorized for grant						1,000,000
Expiration date of the plan						Jul. 17, 2025
Percentage of exercise price of incentive stock option granted to a 10% shareholder						110.00%
2015 Long-Term Incentive Compensation Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of non-employee directors in compensation committee | Director						2

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Aug. 01, 2015Segment
Segment Reporting Information [Line Items]
Number of reportable segments	4

Revenues Generated by Segments

Revenues Generated by Segments (Detail) - Entity [Domain] - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Segment Reporting Information [Line Items]
Total revenues		$ 213,299	$ 203,532	$ 479,713	$ 460,846
Total depreciation and amortization		3,446	2,988	6,768	5,968
Total operating income		4,242	1,503	20,715	16,478
Costs on early extinguishment of debt		5,121		5,121
Total interest expense		1,943	3,605	5,570	7,321
Total net (loss) income before income taxes		(2,822)	(2,102)	10,024	9,157
Men's Sportswear and Swim
Segment Reporting Information [Line Items]
Total revenues		150,488	147,175	348,941	342,174
Total depreciation and amortization		1,863	1,564	3,738	3,198
Total operating income		822	(1,779)	12,152	9,254
Women's Sportswear
Segment Reporting Information [Line Items]
Total revenues		29,882	26,240	68,705	60,727
Total depreciation and amortization		566	496	1,066	957
Total operating income		(1,051)	(1,970)	331	(1,573)
Direct-to-Consumer
Segment Reporting Information [Line Items]
Total revenues		24,268	22,595	45,249	43,025
Total depreciation and amortization		971	889	1,875	1,735
Total operating income		(2,147)	(1,126)	(4,013)	(2,978)
Licensing
Segment Reporting Information [Line Items]
Total revenues		8,661	7,522	16,818	14,920
Total depreciation and amortization		46	39	89	78
Total operating income	[1]	$ 6,618	$ 6,378	$ 12,245	$ 11,775
[1]	Operating income for the licensing segment for the six months ended August 1, 2015, includes a loss on sale of long-lived assets in the amount of $0.7 million. Operating income for the licensing segment for the three and six months ended August 2, 2014 includes a gain on sale of long-lived assets in the amount of $0.9 million and $0.9 million, respectively. See footnote 7 to the consolidated financial statements for further information.

Revenues Generated by Segment61

Revenues Generated by Segments (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Licensing
Segment Reporting Information [Line Items]
Gain (loss) on sale of intangible assets	$ 0.9	$ (0.7)	$ 0.9

Components of Net Benefit Cost

Components of Net Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 63	$ 63	$ 126	$ 126
Interest cost	337	433	674	866
Expected return on plan assets	(658)	(508)	(1,316)	(1,016)
Amortization of net gain	135	130	270	260
Net periodic benefit cost	$ (123)	$ 118	$ (246)	$ 236

Senior Credit Facility - Additi

Senior Credit Facility - Additional Information (Detail) - USD ($)	Apr. 22, 2015	Aug. 01, 2015	Jan. 31, 2015
Level 1 | Senior Subordinated Notes
Line of Credit Facility [Line Items]
Debt instrument stated interest rate		7.875%	7.875%
Senior Credit Facility
Line of Credit Facility [Line Items]
Credit facility maximum borrowing capacity	$ 200,000,000
Credit facility expiry date	Apr. 30, 2020
Credit facility outstanding borrowings		$ 58,200,000	$ 0
Amendment and restatement fees	$ 600,000
Credit facility borrowing base calculation, percentage of eligible receivables		87.50%
Credit facility borrowing base calculation, percentage of eligible accounts		87.50%
Credit facility borrowing base calculation, percentage of eligible inventory loan limit		80.00%
Credit facility borrowing base calculation, net recovery percentage of eligible inventory		90.00%
Senior Credit Facility | Maximum
Line of Credit Facility [Line Items]
Credit facility borrowing base calculation, amount of eligible accounts		$ 1,500,000
Credit facility borrowing base calculation, percentage of eligible finished goods inventory		70.00%
Credit facility borrowing base calculation, amount of eligible finished goods inventory		$ 125,000,000
Senior Credit Facility | Maximum | Prime Rate Loans
Line of Credit Facility [Line Items]
spread above selected rate		1.00%
Senior Credit Facility | Maximum | Euro Dollar Rate
Line of Credit Facility [Line Items]
spread above selected rate		2.00%
Senior Credit Facility | Minimum | Prime Rate Loans
Line of Credit Facility [Line Items]
spread above selected rate		0.50%
Senior Credit Facility | Minimum | Euro Dollar Rate
Line of Credit Facility [Line Items]
spread above selected rate		1.50%

Senior Subordinated Notes Pay64

Senior Subordinated Notes Payable - Additional Information (Detail) - Entity [Domain] - USD ($) $ in Thousands	Apr. 06, 2015	Mar. 31, 2011	Aug. 01, 2015	Aug. 01, 2015
Senior Secured Notes [Line Items]
Payments on senior subordinated notes				$ 100,000
Costs of early extinguishment of debt			$ 5,121	$ 5,121
7 7/8% Senior Subordinated Notes Due 2019
Senior Secured Notes [Line Items]
Debt instrument face amount		$ 150,000
Debt instrument stated interest rate		7.875%
Debt instrument maturity date		Apr. 1, 2019
Proceeds from issuance of senior subordinated notes		$ 146,500
Debt instrument interest rate, effective percentage		8.00%
Payments on senior subordinated notes	$ 100,000
Redemption price for the senior subordinated notes	103.938%
Redemption date	May 6, 2015
Costs of early extinguishment of debt	$ 5,100
8 7/8% Senior Subordinated Notes Due 2013
Senior Secured Notes [Line Items]
Debt instrument stated interest rate		8.875%
Debt instrument maturity date		Sep. 15, 2013
Retire senior subordinated notes		$ 150,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Entity [Domain] - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior subordinated notes payable, net	$ 50,000	$ 150,000
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts of the real estate mortgages	23,000	23,000
Level 1 | Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the 7 7/8% senior subordinated notes payable	$ 51,000	$ 157,000
Debt instrument stated interest rate	7.875%	7.875%

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015	Aug. 02, 2014	Feb. 01, 2014
Current Assets:
Cash and cash equivalents	$ 27,265	$ 43,547	$ 49,218	$ 26,989
Accounts receivable, net	124,275	137,432
Inventories	153,978	183,734
Investments, at fair value	10,704	19,996
Deferred income taxes	701	725
Prepaid income taxes	6,174	6,384
Prepaid expenses and other current assets	7,898	7,124
Total current assets	330,995	398,942
Property and equipment, net	66,219	64,633
Other intangible assets, net	206,557	210,201
Goodwill	6,022	6,022
Other assets	4,231	5,191
TOTAL	614,024	684,989
Current Liabilities:
Accounts payable	74,517	117,789
Accrued expenses and other liabilities	26,154	22,355
Accrued interest payable	1,511	4,045
Unearned revenues	4,439	4,856
Deferred pension obligation	9,015	8,930
Deferred income taxes	82	797
Total current liabilities	115,718	158,772
Senior subordinated notes payable, net	50,000	150,000
Senior credit facility	58,211
Real estate mortgages	21,684	22,109
Unearned revenues and other long-term liabilities	15,325	15,009
Deferred income taxes	39,386	37,082
Total long-term liabilities	184,606	224,200
Total liabilities	300,324	382,972
Total equity	313,700	302,017	357,396	347,533
TOTAL	614,024	684,989
Parent
Current Assets:
Intercompany receivable, net	76,028	174,264
Prepaid income taxes	5,836	5,275
Total current assets	81,864	179,539
Investment in subsidiaries	282,844	274,714
Other assets	503	1,809
TOTAL	365,211	456,062
Current Liabilities:
Accrued interest payable	1,511	4,045
Total current liabilities	1,511	4,045
Senior subordinated notes payable, net	50,000	150,000
Total long-term liabilities	50,000	150,000
Total liabilities	51,511	154,045
Total equity	313,700	302,017
TOTAL	365,211	456,062
Guarantors
Current Assets:
Cash and cash equivalents	4,301	30,055	21,409
Accounts receivable, net	97,938	114,325
Inventories	129,583	156,107
Prepaid expenses and other current assets	7,005	6,159
Total current assets	238,827	306,646
Property and equipment, net	61,855	60,216
Other intangible assets, net	172,919	176,563
Goodwill	6,022	6,022
Other assets	2,366	1,926
TOTAL	481,989	551,373
Current Liabilities:
Accounts payable	64,062	105,046
Accrued expenses and other liabilities	21,059	17,945
Income taxes payable	452	901
Unearned revenues	2,912	3,023
Deferred pension obligation	8,943	8,878
Deferred income taxes	82	797
Intercompany payable , net	59,528	156,438
Total current liabilities	157,038	293,028
Senior credit facility	58,211
Real estate mortgages	21,684	22,109
Unearned revenues and other long-term liabilities	14,567	13,620
Deferred income taxes	37,687	35,383
Total long-term liabilities	132,149	71,112
Total liabilities	289,187	364,140
Total equity	192,802	187,233
TOTAL	481,989	551,373
Non-Guarantors
Current Assets:
Cash and cash equivalents	22,964	13,492	$ 27,809	29,988
Accounts receivable, net	26,337	23,107
Inventories	24,395	27,627
Investments, at fair value	10,704	19,996
Deferred income taxes	701	725
Prepaid income taxes		314
Prepaid expenses and other current assets	893	965
Total current assets	85,994	86,226
Property and equipment, net	4,364	4,417
Other intangible assets, net	33,638	33,638
Other assets	1,362	1,456
TOTAL	125,358	125,737
Current Liabilities:
Accounts payable	10,455	12,743
Accrued expenses and other liabilities	5,095	4,410
Income taxes payable	906
Unearned revenues	1,527	1,833
Deferred pension obligation	72	52
Intercompany payable , net	20,794	23,211
Total current liabilities	38,849	42,249
Unearned revenues and other long-term liabilities	758	1,389
Deferred income taxes	3	3
Total long-term liabilities	761	1,392
Total liabilities	39,610	43,641
Total equity	85,748	82,096
TOTAL	125,358	125,737
Eliminations
Current Assets:
Cash and cash equivalents				$ (2,999)
Intercompany receivable, net	(76,028)	(174,264)
Prepaid income taxes	338	795
Total current assets	(75,690)	(173,469)
Investment in subsidiaries	(282,844)	(274,714)
TOTAL	(358,534)	(448,183)
Current Liabilities:
Income taxes payable	(1,358)	(901)
Intercompany payable , net	(80,322)	(179,649)
Total current liabilities	(81,680)	(180,550)
Deferred income taxes	1,696	1,696
Total long-term liabilities	1,696	1,696
Total liabilities	(79,984)	(178,854)
Total equity	(278,550)	(269,329)
TOTAL	$ (358,534)	$ (448,183)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Comprehensive (Loss) Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Revenues:
Net sales	$ 204,638	$ 196,010	$ 462,895	$ 445,926
Royalty income	8,661	7,522	16,818	14,920
Total revenues	213,299	203,532	479,713	460,846
Cost of sales	137,357	133,068	313,671	302,717
Gross profit	75,942	70,464	166,042	158,129
Operating expenses:
Selling, general and administrative expenses	68,254	66,858	137,862	136,568
Depreciation and amortization	3,446	2,988	6,768	5,968
Total operating expenses	71,700	69,846	144,630	142,536
Gain (loss) on sale of long-lived assets		885	(697)	885
Operating income	4,242	1,503	20,715	16,478
Costs on early extinguishment of debt	5,121		5,121
Interest expense	1,943	3,605	5,570	7,321
Net (loss) income before income taxes	(2,822)	(2,102)	10,024	9,157
Income tax (benefit) provision	(1,541)	(486)	1,894	2,998
Net (loss) income	(1,281)	(1,616)	8,130	6,159
Other comprehensive (loss) income	288	58	1,354	812
Comprehensive (loss) income	(993)	(1,558)	9,484	6,971
Parent
Operating expenses:
Equity in earnings of subsidiaries, net	(1,281)	(1,616)	8,130	6,159
Net (loss) income	(1,281)	(1,616)	8,130	6,159
Other comprehensive (loss) income	288	58	1,354	812
Comprehensive (loss) income	(993)	(1,558)	9,484	6,971
Guarantors
Revenues:
Net sales	179,921	173,789	412,200	399,120
Royalty income	5,286	4,570	10,198	9,090
Total revenues	185,207	178,359	422,398	408,210
Cost of sales	121,408	118,314	281,659	272,559
Gross profit	63,799	60,045	140,739	135,651
Operating expenses:
Selling, general and administrative expenses	57,275	56,876	117,120	117,430
Depreciation and amortization	3,138	2,752	6,162	5,521
Total operating expenses	60,413	59,628	123,282	122,951
Gain (loss) on sale of long-lived assets			(697)
Operating income	3,386	417	16,760	12,700
Costs on early extinguishment of debt	5,121		5,121
Interest expense	1,939	3,615	5,506	7,300
Net (loss) income before income taxes	(3,674)	(3,198)	6,133	5,400
Income tax (benefit) provision	(2,517)	381	564	2,601
Net (loss) income	(1,157)	(3,579)	5,569	2,799
Other comprehensive (loss) income	135	79	270	159
Comprehensive (loss) income	(1,022)	(3,500)	5,839	2,958
Non-Guarantors
Revenues:
Net sales	24,717	22,221	50,695	46,806
Royalty income	3,375	2,952	6,620	5,830
Total revenues	28,092	25,173	57,315	52,636
Cost of sales	15,949	14,754	32,012	30,158
Gross profit	12,143	10,419	25,303	22,478
Operating expenses:
Selling, general and administrative expenses	10,979	9,982	20,742	19,138
Depreciation and amortization	308	236	606	447
Total operating expenses	11,287	10,218	21,348	19,585
Gain (loss) on sale of long-lived assets		885		885
Operating income	856	1,086	3,955	3,778
Interest expense	4	(10)	64	21
Net (loss) income before income taxes	852	1,096	3,891	3,757
Income tax (benefit) provision	976	(867)	1,330	397
Net (loss) income	(124)	1,963	2,561	3,360
Other comprehensive (loss) income	153	(21)	1,084	653
Comprehensive (loss) income	29	1,942	3,645	4,013
Eliminations
Operating expenses:
Equity in earnings of subsidiaries, net	1,281	1,616	(8,130)	(6,159)
Net (loss) income	1,281	1,616	(8,130)	(6,159)
Other comprehensive (loss) income	(288)	(58)	(1,354)	(812)
Comprehensive (loss) income	$ 993	$ 1,558	$ (9,484)	$ (6,971)

Condensed Consolidating State68

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:	$ 20,476	$ 46,978
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(7,345)	(7,323)
Purchase of investments	(2,641)	(22,897)
Proceeds from investment maturities	11,860	14,160
Proceeds on sale of intangible assets	2,500
Net cash provided by (used in) investing activities	4,374	(16,060)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on senior subordinated notes	(100,000)
Borrowings from senior credit facility	255,065	159,402
Payments on senior credit facility	(196,854)	(167,564)
Payments on real estate mortgages	(410)	(396)
Payments on capital leases	(77)	(150)
Deferred financing fees	(569)
Proceeds from exercise of stock options	1,339	197
Tax benefit from exercise of equity instruments	(201)	(144)
Net cash (used in) provided by financing activities	(41,707)	(8,655)
Effect of exchange rate changes on cash and cash equivalents	575	(34)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(16,282)	22,229
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	43,547	26,989
CASH AND CASH EQUIVALENTS AT END OF PERIOD	27,265	49,218
Parent
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:	(1,789)	(182)
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions	100,076	163
Net cash provided by (used in) investing activities	100,076	163
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on senior subordinated notes	(100,000)
Proceeds from exercise of stock options	1,339	197
Tax benefit from exercise of equity instruments	(201)	(144)
Net cash (used in) provided by financing activities	(98,862)	53
Effect of exchange rate changes on cash and cash equivalents	575	(34)
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:	19,293	39,319
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(6,734)	(6,895)
Proceeds on sale of intangible assets	2,500
Net cash provided by (used in) investing activities	(4,234)	(6,895)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	255,065	159,402
Payments on senior credit facility	(196,854)	(167,564)
Payments on real estate mortgages	(410)	(396)
Payments on capital leases	(77)	(150)
Deferred financing fees	(569)
Intercompany transactions	(97,968)	(2,307)
Net cash (used in) provided by financing activities	(40,813)	(11,015)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(25,754)	21,409
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	30,055
CASH AND CASH EQUIVALENTS AT END OF PERIOD	4,301	21,409
Non-Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:	2,972	4,842
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(611)	(428)
Purchase of investments	(2,641)	(22,897)
Proceeds from investment maturities	11,860	14,160
Net cash provided by (used in) investing activities	8,608	(9,165)
CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany transactions	(2,683)	2,178
Net cash (used in) provided by financing activities	(2,683)	2,178
Effect of exchange rate changes on cash and cash equivalents	575	(34)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	9,472	(2,179)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	13,492	29,988
CASH AND CASH EQUIVALENTS AT END OF PERIOD	22,964	27,809
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:		2,999
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions	(100,076)	(163)
Net cash provided by (used in) investing activities	(100,076)	(163)
CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany transactions	100,651	129
Net cash (used in) provided by financing activities	100,651	129
Effect of exchange rate changes on cash and cash equivalents	$ (575)	34
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS		2,999
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		$ (2,999)