Perry Ellis International (PERY) 10-Q 8 Dec 15 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 31, 2015	Dec. 02, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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		15,723,089

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Current Assets:
Cash and cash equivalents	$ 26,016	$ 43,547
Accounts receivable, net	130,453	137,432
Inventories	145,301	183,734
Investments, at fair value	10,291	19,996
Deferred income taxes	694	725
Prepaid income taxes	2,743	6,384
Prepaid expenses and other current assets	7,892	7,124
Total current assets	323,390	398,942
Property and equipment, net	67,040	64,633
Other intangible assets, net	206,333	210,201
Goodwill	6,022	6,022
Other assets	3,879	5,191
TOTAL	606,664	684,989
Current Liabilities:
Accounts payable	62,946	117,789
Accrued expenses and other liabilities	25,594	22,355
Accrued interest payable	536	4,045
Unearned revenues	4,143	4,856
Deferred pension obligation	8,514	8,930
Deferred income taxes	172	797
Total current liabilities	101,905	158,772
Senior subordinated notes payable, net	50,000	150,000
Senior credit facility	60,621
Real estate mortgages	21,517	22,109
Unearned revenues and other long-term liabilities	15,223	15,009
Deferred income taxes	40,290	37,082
Total long-term liabilities	187,651	224,200
Total liabilities	$ 289,556	$ 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; 15,789,519 shares issued and outstanding as of October 31, 2015 and 16,128,775 shares issued and outstanding as of January 31, 2015	$ 158	$ 161
Additional paid-in-capital	149,418	161,336
Retained earnings	179,505	169,102
Accumulated other comprehensive loss	(11,973)	(12,852)
Total	317,108	317,747
Treasury stock at cost; no shares as of October 31, 2015 and 770,753 shares as of January 31, 2015		(15,730)
Total equity	317,108	302,017
TOTAL	$ 606,664	$ 684,989

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 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	15,789,519	16,128,775
Common stock, shares outstanding	15,789,519	16,128,775
Treasury stock, shares	0	770,753

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Revenues:
Net sales	$ 196,447	$ 203,267	$ 659,342	$ 649,193
Royalty income	8,992	8,173	25,810	23,093
Total revenues	205,439	211,440	685,152	672,286
Cost of sales	132,144	141,133	445,815	443,850
Gross profit	73,295	70,307	239,337	228,436
Operating expenses:
Selling, general and administrative expenses	64,869	64,477	202,731	201,045
Depreciation and amortization	3,383	3,008	10,151	8,976
Total operating expenses	68,252	67,485	212,882	210,021
(Loss) gain on sale of long-lived assets			(697)	885
Operating income	5,043	2,822	25,758	19,300
Costs of early extinguishment of debt			5,121
Interest expense	1,853	3,517	7,423	10,838
Net income (loss) before income taxes	3,190	(695)	13,214	8,462
Income tax provision (benefit)	917	(258)	2,811	2,740
Net (loss) income	$ 2,273	$ (437)	$ 10,403	$ 5,722
Net income (loss) per share:
Basic	$ 0.15	$ (0.03)	$ 0.70	$ 0.38
Diluted	$ 0.15	$ (0.03)	$ 0.68	$ 0.38
Weighted average number of shares outstanding
Basic	15,148	14,954	14,948	14,881
Diluted	15,465	14,954	15,344	15,246

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Net income (loss)		$ 2,273	$ (437)	$ 10,403	$ 5,722
Other Comprehensive (loss) income:
Foreign currency translation adjustments, net		(609)	(1,228)	482	(591)
Unrealized gain on pension liability, net of tax	[1]	135	80	405	239
Unrealized gain on investments		(1)	14	(8)	29
Total other comprehensive (loss) income		(475)	(1,134)	879	(323)
Comprehensive income (loss)		$ 1,798	$ (1,571)	$ 11,282	$ 5,399
[1]	Unrealized gain on pension liability for the three months ended October 31, 2015 and November 1, 2014 is net of tax in the amount of $0 and $50, respectively. Unrealized gain on pension liability for the nine months ended October 31, 2015 and November 1, 2014 is net of tax in the amount of $0 and $151, respectively. See footnote 12 to the consolidated financial statements for further information.

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Unrealized gain on pension liability, tax	$ 0	$ 50	$ 0	$ 151

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 10,403	$ 5,722
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,632	9,541
Provision for bad debts	435	360
Amortization of debt issue cost	369	483
Amortization of premiums and discounts	124	320
Amortization of unrealized loss on pension liability	405	390
Costs on early extinguishment of debt	1,158
Deferred income taxes	2,614	1,764
Loss (gain) on sale of long-lived assets	697	(885)
Share-based compensation	3,641	4,424
Changes in operating assets and liabilities:
Accounts receivable, net	6,507	16,614
Inventories	38,380	50,420
Prepaid income taxes	3,606	44
Prepaid expenses and other current assets	(762)	(538)
Other assets	111	(313)
Deferred pension obligation	(416)	(2,221)
Accounts payable and accrued expenses	(54,759)	(50,297)
Accrued interest payable	(3,509)	(2,986)
Unearned revenues and other liabilities	(998)	991
Net cash provided by operating activities	18,638	33,833
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(9,837)	(12,525)
Purchase of investments	(8,230)	(27,331)
Proceeds from investment maturities	17,845	19,844
Proceeds on sale of intangible assets	2,500
Proceeds from note receivable	250	250
Net cash provided by (used in) investing activities	2,528	(19,762)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	330,644	220,166
Payments on senior credit facility	(270,023)	(228,328)
Payments on senior subordinated notes	(100,000)
Purchase of treasury stock		(2,222)
Payments on real estate mortgages	(615)	(593)
Payments on capital leases	(137)	(150)
Deferred financing fees	(574)
Proceeds from exercise of stock options	1,408	360
Tax benefit from exercise of equity instruments		(134)
Net cash used in financing activities	(39,297)	(10,901)
Effect of exchange rate changes on cash and cash equivalents	600	243
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(17,531)	3,413
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	43,547	26,989
CASH AND CASH EQUIVALENTS AT END OF PERIOD	26,016	30,402
Cash paid during the period for:
Interest	10,439	13,021
Income taxes	507	616
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Accrued purchases of property and equipment	$ 1,684	17
Note receivable on sale of intangible asset		$ 1,250

GENERAL

GENERAL	9 Months Ended
	Oct. 31, 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	9 Months Ended
	Oct. 31, 2015
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In April 2014, the FASB issued 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	9 Months Ended
	Oct. 31, 2015
ACCOUNTS RECEIVABLE	3. ACCOUNTS RECEIVABLE Accounts receivable consisted of the following as of: October 31, January 31, 2015 (in thousands) Trade accounts $ 144,670 $ 150,515 Royalties 7,331 6,662 Other receivables 1,054 1,034 Total 153,055 158,211 Less: allowances (22,602 ) (20,779 ) Total $ 130,453 $ 137,432

INVENTORIES

INVENTORIES	9 Months Ended
	Oct. 31, 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: October 31, January 31, (in thousands) Finished goods $ 144,972 $ 183,468 Raw materials and in process 329 266 Total $ 145,301 $ 183,734

INVESTMENTS

INVESTMENTS	9 Months Ended
	Oct. 31, 2015
INVESTMENTS	5. INVESTMENTS The Company’s investments include marketable securities and certificates of deposit at October 31, 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 $7.3 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 October 31, 2015: Cost Gross Gross Estimated (in thousands) Marketable securities $ 3,030 $ 1 $ — $ 3,031 Certificates of deposit 7,262 1 (3 ) 7,260 Total investments $ 10,292 $ 2 $ (3 ) $ 10,291 Investments consisted of the following as of January 31, 2015: Cost Gross Gross Estimated (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	9 Months Ended
	Oct. 31, 2015
PROPERTY AND EQUIPMENT	6. PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of: October 31, January 31, (in thousands) Furniture, fixtures and equipment $ 86,174 $ 79,225 Buildings and building improvements 22,431 19,719 Vehicles 560 569 Leasehold improvements 48,568 47,807 Land 9,488 9,488 Total 167,221 156,808 Less: accumulated depreciation and amortization (100,181 ) (92,175 ) Total $ 67,040 $ 64,633 The above table of property and equipment includes assets held under capital leases as of: October 31, January 31, (in thousands) Furniture, fixtures and equipment $ 810 $ 888 Less: accumulated depreciation and amortization (114 ) (791 ) Total $ 696 $ 97 For the three months ended October 31, 2015 and November 1, 2014, depreciation and amortization expense relating to property and equipment amounted to $3.4 million and $3.1 million, respectively. For the nine months ended October 31, 2015 and November 1, 2014, depreciation and amortization expense relating to property and equipment amounted to $10.0 million and $8.9 million, respectively. These amounts include amortization expense for leased property under capital leases.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	9 Months Ended
	Oct. 31, 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 and $205.5 million at October 31, 2015 and 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 are 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 payment was due within four days of the completion date and has been paid. The second payment has also 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 represent as of: October 31, January 31, (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (4,453 ) (3,782 ) Total $ 3,997 $ 4,668 For the three months ended October 31, 2015 and November 1, 2014, amortization expense relating to customer lists amounted to $0.3 million and $0.2 million, respectively, for each period. For the nine months ended October 31, 2015 and November 1, 2014, amortization expense relating to customer lists amounted to $0.7 million, respectively, for each period. 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 October 31, 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	9 Months Ended
	Oct. 31, 2015
LETTER OF CREDIT FACILITIES	8. LETTER OF CREDIT FACILITIES Borrowings and availability under letter of credit facilities consisted of the following as of: October 31, January 31, (in thousands) Total letter of credit facilities $ 30,307 $ 45,301 Outstanding letters of credit (11,395 ) (11,595 ) Total credit available $ 18,912 $ 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	9 Months Ended
	Oct. 31, 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 $4.1 million and $4.4 million for the three months ended October 31, 2015 and November 1, 2014, respectively, and $11.1 million and $12.2 million for the nine months ended October 31, 2015 and November 1, 2014, respectively, and are included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	9 Months Ended
	Oct. 31, 2015
NET INCOME (LOSS) PER SHARE	10. NET INCOME (LOSS) PER SHARE Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average shares of outstanding common stock. The calculation of diluted net income (loss) per share is similar to basic earnings 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 (loss) 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 income (loss) per share: Three Months Ended Nine Months Ended October 31, November 1, October 31, November 1, (in thousands, except per share data) Numerator: Net income (loss) $ 2,273 $ (437 ) $ 10,403 $ 5,722 Denominator: Basic-weighted average shares 15,148 14,954 14,948 14,881 Dilutive effect: equity awards 317 — 396 365 Diluted-weighted average shares 15,465 14,954 15,344 15,246 Basic income (loss) per share $ 0.15 $ (0.03 ) $ 0.70 $ 0.38 Diluted income (loss) per share $ 0.15 $ (0.03 ) $ 0.68 $ 0.38 Antidilutive effect: (1) 530 1,778 693 886 (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 (loss) per share because their effects were antidilutive for the respective periods.

EQUITY

EQUITY	9 Months Ended
	Oct. 31, 2015
EQUITY	11. EQUITY The following table reflects the changes in equity: Changes in Equity (in thousands) Equity at January 31, 2015 $ 302,017 Comprehensive income 11,282 Share transactions under employee equity compensation plans 3,809 Equity at October 31, 2015 $ 317,108 Equity at February 1, 2014 $ 347,533 Comprehensive income 5,399 Share transactions under employee equity compensation plans 4,362 Purchase of treasury stock (2,222 ) Equity at November 1, 2014 $ 355,072 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. During the three months ended November 1, 2014, the Company repurchased shares of its common stock at a cost of $2.2 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Oct. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE LOSS	12. ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss by component, net of tax: Unrealized Foreign Unrealized Total (in thousands) Balance, January 31, 2015 $ (8,085 ) $ (4,774 ) $ 7 $ (12,852 ) Other comprehensive loss (income) before reclassifications — 482 (8 ) 474 Amounts reclassified from accumulated other comprehensive loss 405 — — 405 Balance, October 31, 2015 $ (7,680 ) $ (4,292 ) $ (1 ) $ (11,973 ) A summary of the impact on the condensed consolidated statements of operations line items is as follows: Three Months Ended October 31, 2015 November 1, 2014 (in thousands) Amortization of defined benefit pension items Actuarial gains $ 135 $ 130 Selling, general and administrative expenses Tax provision — (50 ) Income tax provision Total, net of tax $ 135 $ 80 Nine Months Ended October 31, 2015 November 1, 2014 (in thousands) Amortization of defined benefit pension items Actuarial gains $ 405 $ 390 Selling, general and administrative expenses Tax provision — (151 ) Income tax provision Total, net of tax $ 405 $ 239

INCOME TAXES

INCOME TAXES	9 Months Ended
	Oct. 31, 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 October 31, 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 nine months ended October 31, 2015, the total amount of unrecognized tax benefits decreased by approximately $81,000 and increased by $29,000, respectively. The change to the total amount of the unrecognized tax benefits for the three and nine months ended October 31, 2015 included a decrease in interest and penalties of approximately $29,000 and $2,000, respectively. The Company finalized amounts due to New York City as a corollary to the recently resolved New York State examination during the three months ended October 31, 2015. Within the next twelve months the accepted look back period associated with various state and local tax jurisdictions will close. This event could result in a reduction of the unrecognized tax benefit of up to approximately $47,000. The Company does not currently anticipate a resolution within the next twelve months for any of the other remaining unrecognized tax benefits as of October 31, 2015. The statute of limitations related to the Company’s fiscal 2011, 2012, and 2013 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 nine months ended October 31, 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	9 Months Ended
	Oct. 31, 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 exercise 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	9 Months Ended
	Oct. 31, 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, Original Penguin, Laundry by Shelly Segal, Ben Hogan, Jantzen, John Henry, Gotcha, Farah, Pro Player and Manhattan. The Company allocates certain corporate selling, general and administrative expenses based primarily on the revenues generated by each segment. Three Months Ended Nine Months Ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 (in thousands) Revenues: Men’s Sportswear and Swim $ 141,512 $ 145,732 $ 490,453 $ 487,906 Women’s Sportswear 33,421 36,721 102,126 97,448 Direct-to-Consumer 21,514 20,814 66,763 63,839 Licensing 8,992 8,173 25,810 23,093 Total revenues $ 205,439 $ 211,440 $ 685,152 $ 672,286 Depreciation and amortization: Men’s Sportswear and Swim $ 1,771 $ 1,606 $ 5,509 $ 4,804 Women’s Sportswear 589 487 1,655 1,444 Direct-to-Consumer 976 880 2,851 2,615 Licensing 47 35 136 113 Total depreciation and amortization $ 3,383 $ 3,008 $ 10,151 $ 8,976 Operating income: Men’s Sportswear and Swim $ 2,392 $ (2,091 ) $ 14,544 $ 7,163 Women’s Sportswear (109 ) 1,324 222 (249 ) Direct-to-Consumer (4,038 ) (2,937 ) (8,051 ) (5,915 ) Licensing (1) 6,798 6,526 19,043 18,301 Total operating income $ 5,043 $ 2,822 $ 25,758 $ 19,300 Costs on early extinguishment of debt — — 5,121 — Total interest expense 1,853 3,517 7,423 10,838 Total net income (loss) before income taxes $ 3,190 $ (695 ) $ 13,214 $ 8,462 (1) Operating income for the licensing segment for the nine months ended October 31, 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 nine months ended November 1, 2014 includes a gain on sale of long-lived assets in the amount of $0.9 million. See footnote 7 to the consolidated financial statements for further information.

BENEFIT PLAN

BENEFIT PLAN	9 Months Ended
	Oct. 31, 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 nine months ended fiscal 2016 and 2015: Three Months Ended Nine Months Ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 (in thousands) Service cost $ 63 $ 63 $ 189 $ 189 Interest cost 337 433 1,011 1,299 Expected return on plan assets (658 ) (508 ) (1,974 ) (1,524 ) Amortization of net loss 135 130 405 390 Net periodic benefit cost $ (123 ) $ 118 $ (369 ) $ 354

SENIOR CREDIT FACILITY

SENIOR CREDIT FACILITY	9 Months Ended
	Oct. 31, 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 October 31, 2015, The Company had outstanding borrowings of $60.6 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	9 Months Ended
	Oct. 31, 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	9 Months Ended
	Oct. 31, 2015
FAIR VALUE MEASUREMENTS	19. FAIR VALUE MEASUREMENTS Accounts receivable, accounts payable, accrued interest payable and accrued expenses short-term 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.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Oct. 31, 2015
COMMITMENTS AND CONTINGENCIES	20. COMMITMENTS AND CONTINGENCIES The Company is a defendant in Joseph T. Cook v. Perry Ellis International, Inc. and Oscar Feldenkreis, Case No. 15-cv-08290 (U.S. District Court, Southern District of New York), involving claims of unlawful employment practices, including unlawful discrimination and retaliation, which was filed on October 21, 2015 by an employee in the New York offices. The plaintiff seeks an unspecified amount of damages. The Company believes that the allegations are without merit and intends to vigorously defend against them.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	9 Months Ended
	Oct. 31, 2015
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	21. 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 October 31, 2015 and January 31, 2015 and for the three and nine months ended October 31, 2015 and November 1, 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 OCTOBER 31, 2015 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 2,532 $ 23,484 $ — $ 26,016 Accounts receivable, net — 104,425 26,028 — 130,453 Intercompany receivable, net 79,334 — — (79,334 ) — Inventories — 123,145 22,156 — 145,301 Investment, at fair value — — 10,291 — 10,291 Deferred income taxes — — 694 — 694 Prepaid income taxes 2,726 — — 17 2,743 Prepaid expenses and other current assets — 6,766 1,126 — 7,892 Total current assets 82,060 236,868 83,779 (79,317 ) 323,390 Property and equipment, net — 62,750 4,290 — 67,040 Other intangible assets, net — 172,695 33,638 — 206,333 Goodwill — 6,022 — — 6,022 Investment in subsidiaries 285,117 — — (285,117 ) — Other assets 467 2,281 1,131 — 3,879 TOTAL $ 367,644 $ 480,616 $ 122,838 $ (364,434 ) $ 606,664 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 56,192 $ 6,754 $ — $ 62,946 Accrued expenses and other liabilities — 20,865 4,729 — 25,594 Accrued interest payable 536 — — — 536 Income taxes payable — 451 1,228 (1,679 ) — Unearned revenues — 2,725 1,418 — 4,143 Deferred pension obligation — 8,433 81 — 8,514 Deferred income taxes — 172 — — 172 Intercompany payable, net — 62,709 21,528 (84,237 ) — Total current liabilities 536 151,547 35,738 (85,916 ) 101,905 Senior subordinated notes payable, net 50,000 — — — 50,000 Senior credit facility — 60,621 — — 60,621 Real estate mortgages — 21,517 — — 21,517 Unearned revenues and other long-term liabilities — 14,749 474 — 15,223 Deferred income taxes — 38,591 3 1,696 40,290 Total long-term liabilities 50,000 135,478 477 1,696 187,651 Total liabilities 50,536 287,025 36,215 (84,220 ) 289,556 Total equity 317,108 193,591 86,623 (280,214 ) 317,108 TOTAL $ 367,644 $ 480,616 $ 122,838 $ (364,434 ) $ 606,664 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF JANUARY 31, 2015 (amounts in thousands) Parent Only 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 INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED OCTOBER 31, 2015 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 174,315 $ 22,132 $ — $ 196,447 Royalty income — 5,495 3,497 — 8,992 Total revenues — 179,810 25,629 — 205,439 Cost of sales — 118,154 13,990 — 132,144 Gross profit — 61,656 11,639 — 73,295 Operating expenses: Selling, general and administrative expenses — 55,570 9,299 — 64,869 Depreciation and amortization — 3,096 287 — 3,383 Total operating expenses — 58,666 9,586 — 68,252 Operating income — 2,990 2,053 — 5,043 Interest expense, net — 1,857 (4 ) — 1,853 Net income before income taxes — 1,133 2,057 — 3,190 Income tax provision — 344 573 — 917 Equity in earnings of subsidiaries, net 2,273 — — (2,273 ) — Net income 2,273 789 1,484 (2,273 ) 2,273 Other comprehensive (loss) income (475 ) 135 (610 ) 475 (475 ) Comprehensive income $ 1,798 $ 924 $ 874 $ (1,798 ) $ 1,798 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED NOVEMBER 1, 2014 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 182,512 $ 20,755 $ — $ 203,267 Royalty income — 4,995 3,178 — 8,173 Total revenues — 187,507 23,933 — 211,440 Cost of sales — 128,438 12,695 — 141,133 Gross profit — 59,069 11,238 — 70,307 Operating expenses: Selling, general and administrative expenses — 55,639 8,838 — 64,477 Depreciation and amortization — 2,735 273 — 3,008 Total operating expenses — 58,374 9,111 — 67,485 Operating income — 695 2,127 — 2,822 Interest expense — 3,531 (14 ) — 3,517 Net income (loss) before income taxes — (2,836 ) 2,141 — (695 ) Income tax (benefit) provision — (1,320 ) 1,062 — (258 ) Equity in earnings of subsidiaries, net (437 ) — — 437 — Net (loss) income (437 ) (1,516 ) 1,079 437 (437 ) Other comprehensive (loss) income (1,134 ) 80 (1,214 ) 1,134 (1,134 ) Comprehensive loss $ (1,571 ) $ (1,436 ) $ (135 ) $ 1,571 $ (1,571 ) PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE NINE MONTHS ENDED OCTOBER 31, 2015 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 586,515 $ 72,827 $ — $ 659,342 Royalty income — 15,693 10,117 — 25,810 Total revenues — 602,208 82,944 — 685,152 Cost of sales — 399,813 46,002 — 445,815 Gross profit — 202,395 36,942 — 239,337 Operating expenses: Selling, general and administrative expenses — 172,690 30,041 — 202,731 Depreciation and amortization — 9,258 893 — 10,151 Total operating expenses — 181,948 30,934 — 212,882 Loss on sale of long-lived assets — (697 ) — — (697 ) Operating income — 19,750 6,008 — 25,758 Costs of early extinguishment of debt — 5,121 — — 5,121 Interest expense — 7,363 60 — 7,423 Net income before income taxes — 7,266 5,948 — 13,214 Income tax provision — 908 1,903 — 2,811 Equity in earnings of subsidiaries, net 10,403 — — (10,403 ) — Net income 10,403 6,358 4,045 (10,403 ) 10,403 Other comprehensive income 879 405 474 (879 ) 879 Comprehensive income $ 11,282 $ 6,763 $ 4,519 $ (11,282 ) $ 11,282 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE NINE MONTHS ENDED NOVEMBER 1, 2014 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 581,632 $ 67,561 $ — $ 649,193 Royalty income — 14,085 9,008 — 23,093 Total revenues — 595,717 76,569 — 672,286 Cost of sales — 400,997 42,853 — 443,850 Gross profit — 194,720 33,716 — 228,436 Operating expenses: Selling, general and administrative expenses — 173,069 27,976 — 201,045 Depreciation and amortization — 8,256 720 — 8,976 Total operating expenses — 181,325 28,696 — 210,021 Gain on sale of long-lived assets — — 885 — 885 Operating income — 13,395 5,905 — 19,300 Interest expense — 10,831 7 — 10,838 Net income before income taxes — 2,564 5,898 — 8,462 Income tax provision — 1,281 1,459 — 2,740 Equity in earnings of subsidiaries, net 5,722 — — (5,722 ) — Net income 5,722 1,283 4,439 (5,722 ) 5,722 Other comprehensive (loss) income (323 ) 239 (562 ) 323 (323 ) Comprehensive income $ 5,399 $ 1,522 $ 3,877 $ (5,399 ) $ 5,399 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED OCTOBER 31, 2015 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH PROVIDED BY OPERATING ACTIVITIES: $ 382 $ 15,691 $ 2,565 $ — $ 18,638 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (8,913 ) (924 ) — (9,837 ) Purchase of investments — — (8,230 ) — (8,230 ) Proceeds from investment maturities — — 17,845 — 17,845 Proceeds on sale of intangible assets — 2,500 — — 2,500 Proceeds from note receivable — — 250 — 250 Intercompany transactions 97,610 — — (97,610 ) — Net cash provided by (used in) investing activities 97,610 (6,413 ) 8,941 (97,610 ) 2,528 CASH FLOWS FROM FINANCING ACTIVITIES: Payments on senior subordinated notes (100,000 ) — — — (100,000 ) Borrowings from senior credit facility — 330,644 — — 330,644 Payments on senior credit facility — (270,023 ) — — (270,023 ) Payments on real estate mortgages — (615 ) — — (615 ) Payments on capital leases — (137 ) — — (137 ) Deferred financing fees — (574 ) — — (574 ) Proceeds from exercise of stock options 1,408 — — — 1,408 Intercompany transactions — (96,096 ) (2,114 ) 98,210 — Net cash used in financing activities (98,592 ) (36,801 ) (2,114 ) 98,210 (39,297 ) Effect of exchange rate changes on cash and cash equivalents 600 — 600 (600 ) 600 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (27,523 ) 9,992 — (17,531 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 30,055 13,492 — 43,547 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 2,532 $ 23,484 — $ 26,016 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED NOVEMBER 1, 2014 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES: $ (3,859 ) $ 33,000 $ 1,693 $ 2,999 $ 33,833 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (11,860 ) (665 ) — (12,525 ) Purchase of investments — — (27,331 ) — (27,331 ) Proceeds from investment maturities — — 19,844 — 19,844 Proceeds from note receivable — — 250 — 250 Intercompany transactions 5,612 — — (5,612 ) — Net cash provided by (used in) investing activities 5,612 (11,860 ) (7,902 ) (5,612 ) (19,762 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 220,166 — — 220,166 Payments on senior credit facility — (228,328 ) — — (228,328 ) Payments on real estate mortgages — (593 ) — — (593 ) Purchase of treasury stock (2,222 ) — — — (2,222 ) Payments on capital leases — (150 ) — — (150 ) Proceeds from exercise of stock options 360 — — — 360 Tax benefit from exercise of equity instruments (134 ) — — — (134 ) Intercompany transactions — (3,039 ) (2,816 ) 5,855 — Net cash (used in) provided by financing activities (1,996 ) (11,944 ) (2,816 ) 5,855 (10,901 ) Effect of exchange rate changes on cash and cash equivalents 243 — 243 (243 ) 243 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 9,196 (8,782 ) 2,999 3,413 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — — 29,988 (2,999 ) 26,989 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 9,196 $ 21,206 $ — $ 30,402

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	9 Months Ended
	Oct. 31, 2015
Components of Accounts Receivable	Accounts receivable consisted of the following as of: October 31, January 31, 2015 (in thousands) Trade accounts $ 144,670 $ 150,515 Royalties 7,331 6,662 Other receivables 1,054 1,034 Total 153,055 158,211 Less: allowances (22,602 ) (20,779 ) Total $ 130,453 $ 137,432

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Oct. 31, 2015
Summary of Inventories	Inventories consisted of the following as of: October 31, January 31, (in thousands) Finished goods $ 144,972 $ 183,468 Raw materials and in process 329 266 Total $ 145,301 $ 183,734

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Oct. 31, 2015
Investments	Investments consisted of the following as of October 31, 2015: Cost Gross Gross Estimated (in thousands) Marketable securities $ 3,030 $ 1 $ — $ 3,031 Certificates of deposit 7,262 1 (3 ) 7,260 Total investments $ 10,292 $ 2 $ (3 ) $ 10,291 Investments consisted of the following as of January 31, 2015: Cost Gross Gross Estimated (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)	9 Months Ended
	Oct. 31, 2015
Summary of Property and Equipment	Property and equipment consisted of the following as of: October 31, January 31, (in thousands) Furniture, fixtures and equipment $ 86,174 $ 79,225 Buildings and building improvements 22,431 19,719 Vehicles 560 569 Leasehold improvements 48,568 47,807 Land 9,488 9,488 Total 167,221 156,808 Less: accumulated depreciation and amortization (100,181 ) (92,175 ) Total $ 67,040 $ 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: October 31, January 31, (in thousands) Furniture, fixtures and equipment $ 810 $ 888 Less: accumulated depreciation and amortization (114 ) (791 ) Total $ 696 $ 97

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Oct. 31, 2015
Summary of Other Intangible Assets	Other intangible assets represent as of: October 31, January 31, (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (4,453 ) (3,782 ) Total $ 3,997 $ 4,668

LETTER OF CREDIT FACILITIES (Ta

LETTER OF CREDIT FACILITIES (Tables)	9 Months Ended
	Oct. 31, 2015
Borrowings and Availability under Letter of Credit Facilities	Borrowings and availability under letter of credit facilities consisted of the following as of: October 31, January 31, (in thousands) Total letter of credit facilities $ 30,307 $ 45,301 Outstanding letters of credit (11,395 ) (11,595 ) Total credit available $ 18,912 $ 33,706

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	9 Months Ended
	Oct. 31, 2015
Calculation of Basic and Diluted Income (Loss) Per Share	The following table sets forth the computation of basic and diluted income (loss) per share: Three Months Ended Nine Months Ended October 31, November 1, October 31, November 1, (in thousands, except per share data) Numerator: Net income (loss) $ 2,273 $ (437 ) $ 10,403 $ 5,722 Denominator: Basic-weighted average shares 15,148 14,954 14,948 14,881 Dilutive effect: equity awards 317 — 396 365 Diluted-weighted average shares 15,465 14,954 15,344 15,246 Basic income (loss) per share $ 0.15 $ (0.03 ) $ 0.70 $ 0.38 Diluted income (loss) per share $ 0.15 $ (0.03 ) $ 0.68 $ 0.38 Antidilutive effect: (1) 530 1,778 693 886 (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 (loss) per share because their effects were antidilutive for the respective periods.

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
	Oct. 31, 2015
Changes in Equity	The following table reflects the changes in equity: Changes in Equity (in thousands) Equity at January 31, 2015 $ 302,017 Comprehensive income 11,282 Share transactions under employee equity compensation plans 3,809 Equity at October 31, 2015 $ 317,108 Equity at February 1, 2014 $ 347,533 Comprehensive income 5,399 Share transactions under employee equity compensation plans 4,362 Purchase of treasury stock (2,222 ) Equity at November 1, 2014 $ 355,072

ACCUMULATED OTHER COMPREHENSI37

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Oct. 31, 2015
Changes in Accumulated Other Comprehensive Loss by Component Net of Tax	Changes in accumulated other comprehensive loss by component, net of tax: Unrealized Foreign Unrealized Total (in thousands) Balance, January 31, 2015 $ (8,085 ) $ (4,774 ) $ 7 $ (12,852 ) Other comprehensive loss (income) before reclassifications — 482 (8 ) 474 Amounts reclassified from accumulated other comprehensive loss 405 — — 405 Balance, October 31, 2015 $ (7,680 ) $ (4,292 ) $ (1 ) $ (11,973 )
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 October 31, 2015 November 1, 2014 (in thousands) Amortization of defined benefit pension items Actuarial gains $ 135 $ 130 Selling, general and administrative expenses Tax provision — (50 ) Income tax provision Total, net of tax $ 135 $ 80 Nine Months Ended October 31, 2015 November 1, 2014 (in thousands) Amortization of defined benefit pension items Actuarial gains $ 405 $ 390 Selling, general and administrative expenses Tax provision — (151 ) Income tax provision Total, net of tax $ 405 $ 239

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 (in thousands) Revenues: Men’s Sportswear and Swim $ 141,512 $ 145,732 $ 490,453 $ 487,906 Women’s Sportswear 33,421 36,721 102,126 97,448 Direct-to-Consumer 21,514 20,814 66,763 63,839 Licensing 8,992 8,173 25,810 23,093 Total revenues $ 205,439 $ 211,440 $ 685,152 $ 672,286 Depreciation and amortization: Men’s Sportswear and Swim $ 1,771 $ 1,606 $ 5,509 $ 4,804 Women’s Sportswear 589 487 1,655 1,444 Direct-to-Consumer 976 880 2,851 2,615 Licensing 47 35 136 113 Total depreciation and amortization $ 3,383 $ 3,008 $ 10,151 $ 8,976 Operating income: Men’s Sportswear and Swim $ 2,392 $ (2,091 ) $ 14,544 $ 7,163 Women’s Sportswear (109 ) 1,324 222 (249 ) Direct-to-Consumer (4,038 ) (2,937 ) (8,051 ) (5,915 ) Licensing (1) 6,798 6,526 19,043 18,301 Total operating income $ 5,043 $ 2,822 $ 25,758 $ 19,300 Costs on early extinguishment of debt — — 5,121 — Total interest expense 1,853 3,517 7,423 10,838 Total net income (loss) before income taxes $ 3,190 $ (695 ) $ 13,214 $ 8,462 (1) Operating income for the licensing segment for the nine months ended October 31, 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 nine months ended November 1, 2014 includes a gain on sale of long-lived assets in the amount of $0.9 million. See footnote 7 to the consolidated financial statements for further information.

BENEFIT PLAN (Tables)

BENEFIT PLAN (Tables)	9 Months Ended
	Oct. 31, 2015
Components of Net Benefit Cost	The following table provides the components of net benefit cost for the plan during the three and nine months ended fiscal 2016 and 2015: Three Months Ended Nine Months Ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 (in thousands) Service cost $ 63 $ 63 $ 189 $ 189 Interest cost 337 433 1,011 1,299 Expected return on plan assets (658 ) (508 ) (1,974 ) (1,524 ) Amortization of net loss 135 130 405 390 Net periodic benefit cost $ (123 ) $ 118 $ (369 ) $ 354

CONDENSED CONSOLIDATING FINAN40

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	9 Months Ended
	Oct. 31, 2015
Condensed Consolidating Balance Sheet	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF OCTOBER 31, 2015 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 2,532 $ 23,484 $ — $ 26,016 Accounts receivable, net — 104,425 26,028 — 130,453 Intercompany receivable, net 79,334 — — (79,334 ) — Inventories — 123,145 22,156 — 145,301 Investment, at fair value — — 10,291 — 10,291 Deferred income taxes — — 694 — 694 Prepaid income taxes 2,726 — — 17 2,743 Prepaid expenses and other current assets — 6,766 1,126 — 7,892 Total current assets 82,060 236,868 83,779 (79,317 ) 323,390 Property and equipment, net — 62,750 4,290 — 67,040 Other intangible assets, net — 172,695 33,638 — 206,333 Goodwill — 6,022 — — 6,022 Investment in subsidiaries 285,117 — — (285,117 ) — Other assets 467 2,281 1,131 — 3,879 TOTAL $ 367,644 $ 480,616 $ 122,838 $ (364,434 ) $ 606,664 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 56,192 $ 6,754 $ — $ 62,946 Accrued expenses and other liabilities — 20,865 4,729 — 25,594 Accrued interest payable 536 — — — 536 Income taxes payable — 451 1,228 (1,679 ) — Unearned revenues — 2,725 1,418 — 4,143 Deferred pension obligation — 8,433 81 — 8,514 Deferred income taxes — 172 — — 172 Intercompany payable, net — 62,709 21,528 (84,237 ) — Total current liabilities 536 151,547 35,738 (85,916 ) 101,905 Senior subordinated notes payable, net 50,000 — — — 50,000 Senior credit facility — 60,621 — — 60,621 Real estate mortgages — 21,517 — — 21,517 Unearned revenues and other long-term liabilities — 14,749 474 — 15,223 Deferred income taxes — 38,591 3 1,696 40,290 Total long-term liabilities 50,000 135,478 477 1,696 187,651 Total liabilities 50,536 287,025 36,215 (84,220 ) 289,556 Total equity 317,108 193,591 86,623 (280,214 ) 317,108 TOTAL $ 367,644 $ 480,616 $ 122,838 $ (364,434 ) $ 606,664 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF JANUARY 31, 2015 (amounts in thousands) Parent Only 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 (Loss) Income	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED OCTOBER 31, 2015 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 174,315 $ 22,132 $ — $ 196,447 Royalty income — 5,495 3,497 — 8,992 Total revenues — 179,810 25,629 — 205,439 Cost of sales — 118,154 13,990 — 132,144 Gross profit — 61,656 11,639 — 73,295 Operating expenses: Selling, general and administrative expenses — 55,570 9,299 — 64,869 Depreciation and amortization — 3,096 287 — 3,383 Total operating expenses — 58,666 9,586 — 68,252 Operating income — 2,990 2,053 — 5,043 Interest expense, net — 1,857 (4 ) — 1,853 Net income before income taxes — 1,133 2,057 — 3,190 Income tax provision — 344 573 — 917 Equity in earnings of subsidiaries, net 2,273 — — (2,273 ) — Net income 2,273 789 1,484 (2,273 ) 2,273 Other comprehensive (loss) income (475 ) 135 (610 ) 475 (475 ) Comprehensive income $ 1,798 $ 924 $ 874 $ (1,798 ) $ 1,798 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED NOVEMBER 1, 2014 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 182,512 $ 20,755 $ — $ 203,267 Royalty income — 4,995 3,178 — 8,173 Total revenues — 187,507 23,933 — 211,440 Cost of sales — 128,438 12,695 — 141,133 Gross profit — 59,069 11,238 — 70,307 Operating expenses: Selling, general and administrative expenses — 55,639 8,838 — 64,477 Depreciation and amortization — 2,735 273 — 3,008 Total operating expenses — 58,374 9,111 — 67,485 Operating income — 695 2,127 — 2,822 Interest expense — 3,531 (14 ) — 3,517 Net income (loss) before income taxes — (2,836 ) 2,141 — (695 ) Income tax (benefit) provision — (1,320 ) 1,062 — (258 ) Equity in earnings of subsidiaries, net (437 ) — — 437 — Net (loss) income (437 ) (1,516 ) 1,079 437 (437 ) Other comprehensive (loss) income (1,134 ) 80 (1,214 ) 1,134 (1,134 ) Comprehensive loss $ (1,571 ) $ (1,436 ) $ (135 ) $ 1,571 $ (1,571 ) PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE NINE MONTHS ENDED OCTOBER 31, 2015 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 586,515 $ 72,827 $ — $ 659,342 Royalty income — 15,693 10,117 — 25,810 Total revenues — 602,208 82,944 — 685,152 Cost of sales — 399,813 46,002 — 445,815 Gross profit — 202,395 36,942 — 239,337 Operating expenses: Selling, general and administrative expenses — 172,690 30,041 — 202,731 Depreciation and amortization — 9,258 893 — 10,151 Total operating expenses — 181,948 30,934 — 212,882 Loss on sale of long-lived assets — (697 ) — — (697 ) Operating income — 19,750 6,008 — 25,758 Costs of early extinguishment of debt — 5,121 — — 5,121 Interest expense — 7,363 60 — 7,423 Net income before income taxes — 7,266 5,948 — 13,214 Income tax provision — 908 1,903 — 2,811 Equity in earnings of subsidiaries, net 10,403 — — (10,403 ) — Net income 10,403 6,358 4,045 (10,403 ) 10,403 Other comprehensive income 879 405 474 (879 ) 879 Comprehensive income $ 11,282 $ 6,763 $ 4,519 $ (11,282 ) $ 11,282 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE NINE MONTHS ENDED NOVEMBER 1, 2014 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 581,632 $ 67,561 $ — $ 649,193 Royalty income — 14,085 9,008 — 23,093 Total revenues — 595,717 76,569 — 672,286 Cost of sales — 400,997 42,853 — 443,850 Gross profit — 194,720 33,716 — 228,436 Operating expenses: Selling, general and administrative expenses — 173,069 27,976 — 201,045 Depreciation and amortization — 8,256 720 — 8,976 Total operating expenses — 181,325 28,696 — 210,021 Gain on sale of long-lived assets — — 885 — 885 Operating income — 13,395 5,905 — 19,300 Interest expense — 10,831 7 — 10,838 Net income before income taxes — 2,564 5,898 — 8,462 Income tax provision — 1,281 1,459 — 2,740 Equity in earnings of subsidiaries, net 5,722 — — (5,722 ) — Net income 5,722 1,283 4,439 (5,722 ) 5,722 Other comprehensive (loss) income (323 ) 239 (562 ) 323 (323 ) Comprehensive income $ 5,399 $ 1,522 $ 3,877 $ (5,399 ) $ 5,399
Condensed Consolidating Statement of Cash Flows	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED OCTOBER 31, 2015 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH PROVIDED BY OPERATING ACTIVITIES: $ 382 $ 15,691 $ 2,565 $ — $ 18,638 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (8,913 ) (924 ) — (9,837 ) Purchase of investments — — (8,230 ) — (8,230 ) Proceeds from investment maturities — — 17,845 — 17,845 Proceeds on sale of intangible assets — 2,500 — — 2,500 Proceeds from note receivable — — 250 — 250 Intercompany transactions 97,610 — — (97,610 ) — Net cash provided by (used in) investing activities 97,610 (6,413 ) 8,941 (97,610 ) 2,528 CASH FLOWS FROM FINANCING ACTIVITIES: Payments on senior subordinated notes (100,000 ) — — — (100,000 ) Borrowings from senior credit facility — 330,644 — — 330,644 Payments on senior credit facility — (270,023 ) — — (270,023 ) Payments on real estate mortgages — (615 ) — — (615 ) Payments on capital leases — (137 ) — — (137 ) Deferred financing fees — (574 ) — — (574 ) Proceeds from exercise of stock options 1,408 — — — 1,408 Intercompany transactions — (96,096 ) (2,114 ) 98,210 — Net cash used in financing activities (98,592 ) (36,801 ) (2,114 ) 98,210 (39,297 ) Effect of exchange rate changes on cash and cash equivalents 600 — 600 (600 ) 600 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (27,523 ) 9,992 — (17,531 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 30,055 13,492 — 43,547 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 2,532 $ 23,484 — $ 26,016 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED NOVEMBER 1, 2014 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES: $ (3,859 ) $ 33,000 $ 1,693 $ 2,999 $ 33,833 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (11,860 ) (665 ) — (12,525 ) Purchase of investments — — (27,331 ) — (27,331 ) Proceeds from investment maturities — — 19,844 — 19,844 Proceeds from note receivable — — 250 — 250 Intercompany transactions 5,612 — — (5,612 ) — Net cash provided by (used in) investing activities 5,612 (11,860 ) (7,902 ) (5,612 ) (19,762 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 220,166 — — 220,166 Payments on senior credit facility — (228,328 ) — — (228,328 ) Payments on real estate mortgages — (593 ) — — (593 ) Purchase of treasury stock (2,222 ) — — — (2,222 ) Payments on capital leases — (150 ) — — (150 ) Proceeds from exercise of stock options 360 — — — 360 Tax benefit from exercise of equity instruments (134 ) — — — (134 ) Intercompany transactions — (3,039 ) (2,816 ) 5,855 — Net cash (used in) provided by financing activities (1,996 ) (11,944 ) (2,816 ) 5,855 (10,901 ) Effect of exchange rate changes on cash and cash equivalents 243 — 243 (243 ) 243 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 9,196 (8,782 ) 2,999 3,413 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — — 29,988 (2,999 ) 26,989 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 9,196 $ 21,206 $ — $ 30,402

Components of Accounts Receivab

Components of Accounts Receivable (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 153,055	$ 158,211
Less: allowances	(22,602)	(20,779)
Total	130,453	137,432
Trade Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	144,670	150,515
Royalties Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	7,331	6,662
Other Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 1,054	$ 1,034

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Inventory [Line Items]
Finished goods	$ 144,972	$ 183,468
Raw materials and in process	329	266
Total	$ 145,301	$ 183,734

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities maturing within one year or less	$ 7.3	$ 7.3

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Schedule of Investments [Line Items]
Cost	$ 10,292	$ 19,989
Gross Unrealized Gains	2	10
Gross Unrealized Losses	(3)	(3)
Estimated Fair Value	10,291	19,996
Marketable securities
Schedule of Investments [Line Items]
Cost	3,030	12,247
Gross Unrealized Gains	1	9
Estimated Fair Value	3,031	12,256
Certificates of Deposit
Schedule of Investments [Line Items]
Cost	7,262	7,742
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(3)	(3)
Estimated Fair Value	$ 7,260	$ 7,740

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Property, Plant and Equipment [Line Items]
Total	$ 167,221	$ 156,808
Less: accumulated depreciation and amortization	(100,181)	(92,175)
Total	67,040	64,633
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	86,174	79,225
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Total	22,431	19,719
Vehicles
Property, Plant and Equipment [Line Items]
Total	560	569
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total	48,568	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	Oct. 31, 2015	Jan. 31, 2015
Property, Plant and Equipment [Line Items]
Furniture, fixtures and equipment	$ 810	$ 888
Less: accumulated depreciation and amortization	(114)	(791)
Total	$ 696	$ 97

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense related to property and equipment	$ 3.4	$ 3.1	$ 10	$ 8.9

Other Intangible Assets - Addit

Other Intangible Assets - Additional Information (Detail)	3 Months Ended		6 Months Ended	9 Months Ended
	Oct. 31, 2015USD ($)	Nov. 01, 2014USD ($)	Aug. 02, 2014USD ($)Investment	Oct. 31, 2015USD ($)	Nov. 01, 2014USD ($)	Jan. 31, 2015USD ($)
Intangible Assets [Line Items]
Asset sales agreement date			Aug. 1, 2014	Mar. 19, 2015
Proceeds on sale of intangible assets				$ 2,500,000
Sales agreement amount			$ 1,300,000
Number of installments | Investment			5
Notes receivable installments payments amount resulting from sale of intangible asset			$ 250,000
Notes receivable installments payments description resulting from sale of intangible asset				The first payment was due within four days of the completion date and has been paid. The second payment has also 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%
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	300,000	$ 200,000		700,000	$ 700,000
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	Oct. 31, 2015	Jan. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Customer lists	$ 8,450	$ 8,450
Less: accumulated amortization	(4,453)	(3,782)
Total	$ 3,997	$ 4,668

Letter of Credit Facilities (De

Letter of Credit Facilities (Detail) - Letter of Credit - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Line of Credit Facility [Line Items]
Total letter of credit facilities	$ 30,307	$ 45,301
Outstanding letters of credit	(11,395)	(11,595)
Total credit available	$ 18,912	$ 33,706

Letter of Credit Facilities - A

Letter of Credit Facilities - Additional Information (Detail) $ in Millions	May. 02, 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		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Advertising Costs [Line Items]
Advertising and related costs	$ 4.1	$ 4.4	$ 11.1	$ 12.2

Computation of Basic and Dilute

Computation of Basic and Diluted Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Numerator:
Net income (loss)		$ 2,273	$ (437)	$ 10,403	$ 5,722
Denominator:
Basic-weighted average shares		15,148	14,954	14,948	14,881
Dilutive effect: equity awards		317		396	365
Diluted-weighted average shares		15,465	14,954	15,344	15,246
Basic income (loss) per share		$ 0.15	$ (0.03)	$ 0.70	$ 0.38
Diluted income (loss) per share		$ 0.15	$ (0.03)	$ 0.68	$ 0.38
Antidilutive effect	[1]	530	1,778	693	886
[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 (loss) per share because their effects were antidilutive for the respective periods.

Equity (Detail)

Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Equity [Line Items]
Beginning Balance			$ 302,017	$ 347,533
Comprehensive income	$ 1,798	$ (1,571)	11,282	5,399
Share transactions under employee equity compensation plans			3,809	4,362
Purchase of treasury stock		(2,200)		(2,222)
Ending Balance	$ 317,108	$ 355,072	$ 317,108	$ 355,072

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 01, 2015	Nov. 01, 2014	Nov. 01, 2014
Shareholders Equity [Line Items]
Purchase of treasury stock		$ 2,200,000	$ 2,222,000
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) $ in Thousands	9 Months Ended
	Oct. 31, 2015USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (12,852)
Other comprehensive loss (income) before reclassifications	474
Amounts reclassified from accumulated other comprehensive loss	405
Ending Balance	(11,973)
Unrealized (Loss) Gain on Pension Liability
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(8,085)
Amounts reclassified from accumulated other comprehensive loss	405
Ending Balance	(7,680)
Foreign Currency Translation Adjustments, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(4,774)
Other comprehensive loss (income) before reclassifications	482
Ending Balance	(4,292)
Unrealized (Loss) Gain on Investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	7
Other comprehensive loss (income) before reclassifications	(8)
Ending Balance	$ (1)

Summary of Impact on Condensed

Summary of Impact on Condensed Consolidated Statements of Operations Line Items (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ 64,869	$ 64,477	$ 202,731	$ 201,045
Income tax (benefit) provision	917	(258)	2,811	2,740
Total, net of tax			(405)
Unrealized (Loss) Gain on Pension Liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total, net of tax			(405)
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	405	390
Income tax (benefit) provision		(50)		(151)
Total, net of tax	$ 135	$ 80	$ 405	$ 239

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Oct. 31, 2015	Oct. 31, 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)	$ (81,000)	$ 29,000
Increase (decrease) in interest and penalties	(29,000)	(2,000)
Expected reduction in unrecognized tax benefits	$ 47,000	$ 47,000
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 Apprecia59

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	Oct. 31, 2015Directorshares	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
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
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
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)	9 Months Ended
	Oct. 31, 2015Segment
Segment Reporting Information [Line Items]
Number of reportable segments	4

Revenues Generated by Segments

Revenues Generated by Segments (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Segment Reporting Information [Line Items]
Total revenues		$ 205,439	$ 211,440	$ 685,152	$ 672,286
Total depreciation and amortization		3,383	3,008	10,151	8,976
Total operating income		5,043	2,822	25,758	19,300
Costs on early extinguishment of debt				5,121
Total interest expense		1,853	3,517	7,423	10,838
Total net income (loss) before income taxes		3,190	(695)	13,214	8,462
Men's Sportswear and Swim
Segment Reporting Information [Line Items]
Total revenues		141,512	145,732	490,453	487,906
Total depreciation and amortization		1,771	1,606	5,509	4,804
Total operating income		2,392	(2,091)	14,544	7,163
Women's Sportswear
Segment Reporting Information [Line Items]
Total revenues		33,421	36,721	102,126	97,448
Total depreciation and amortization		589	487	1,655	1,444
Total operating income		(109)	1,324	222	(249)
Direct-to-Consumer
Segment Reporting Information [Line Items]
Total revenues		21,514	20,814	66,763	63,839
Total depreciation and amortization		976	880	2,851	2,615
Total operating income		(4,038)	(2,937)	(8,051)	(5,915)
Licensing
Segment Reporting Information [Line Items]
Total revenues		8,992	8,173	25,810	23,093
Total depreciation and amortization		47	35	136	113
Total operating income	[1]	$ 6,798	$ 6,526	$ 19,043	$ 18,301
[1]	Operating income for the licensing segment for the nine months ended October 31, 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 nine months ended November 1, 2014 includes a gain on sale of long-lived assets in the amount of $0.9 million. See footnote 7 to the consolidated financial statements for further information.

Revenues Generated by Segment62

Revenues Generated by Segments (Parenthetical) (Detail) - USD ($) $ in Millions	6 Months Ended	9 Months Ended
	Aug. 02, 2014	Oct. 31, 2015	Nov. 01, 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		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 63	$ 63	$ 189	$ 189
Interest cost	337	433	1,011	1,299
Expected return on plan assets	(658)	(508)	(1,974)	(1,524)
Amortization of net loss	135	130	405	390
Net periodic benefit cost	$ (123)	$ 118	$ (369)	$ 354

Senior Credit Facility - Additi

Senior Credit Facility - Additional Information (Detail) - USD ($)	Apr. 22, 2015	Oct. 31, 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		$ 60,600,000	$ 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 Pay65

Senior Subordinated Notes Payable - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 06, 2015	Mar. 31, 2011	Oct. 31, 2015
Senior Secured Notes [Line Items]
Payments on senior subordinated notes			$ 100,000
Costs of early extinguishment of debt			$ 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) - USD ($) $ in Thousands	Oct. 31, 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	$ 51,700	$ 157,000
Debt instrument stated interest rate	7.875%	7.875%

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014
Current Assets:
Cash and cash equivalents	$ 26,016	$ 43,547	$ 30,402	$ 26,989
Accounts receivable, net	130,453	137,432
Inventories	145,301	183,734
Investments, at fair value	10,291	19,996
Deferred income taxes	694	725
Prepaid income taxes	2,743	6,384
Prepaid expenses and other current assets	7,892	7,124
Total current assets	323,390	398,942
Property and equipment, net	67,040	64,633
Other intangible assets, net	206,333	210,201
Goodwill	6,022	6,022
Other assets	3,879	5,191
TOTAL	606,664	684,989
Current Liabilities:
Accounts payable	62,946	117,789
Accrued expenses and other liabilities	25,594	22,355
Accrued interest payable	536	4,045
Unearned revenues	4,143	4,856
Deferred pension obligation	8,514	8,930
Deferred income taxes	172	797
Total current liabilities	101,905	158,772
Senior subordinated notes payable, net	50,000	150,000
Senior credit facility	60,621
Real estate mortgages	21,517	22,109
Unearned revenues and other long-term liabilities	15,223	15,009
Deferred income taxes	40,290	37,082
Total long-term liabilities	187,651	224,200
Total liabilities	289,556	382,972
Total equity	317,108	302,017	355,072	347,533
TOTAL	606,664	684,989
Parent
Current Assets:
Intercompany receivable, net	79,334	174,264
Prepaid income taxes	2,726	5,275
Total current assets	82,060	179,539
Investment in subsidiaries	285,117	274,714
Other assets	467	1,809
TOTAL	367,644	456,062
Current Liabilities:
Accrued interest payable	536	4,045
Total current liabilities	536	4,045
Senior subordinated notes payable, net	50,000	150,000
Total long-term liabilities	50,000	150,000
Total liabilities	50,536	154,045
Total equity	317,108	302,017
TOTAL	367,644	456,062
Guarantors
Current Assets:
Cash and cash equivalents	2,532	30,055	9,196
Accounts receivable, net	104,425	114,325
Inventories	123,145	156,107
Prepaid expenses and other current assets	6,766	6,159
Total current assets	236,868	306,646
Property and equipment, net	62,750	60,216
Other intangible assets, net	172,695	176,563
Goodwill	6,022	6,022
Other assets	2,281	1,926
TOTAL	480,616	551,373
Current Liabilities:
Accounts payable	56,192	105,046
Accrued expenses and other liabilities	20,865	17,945
Income taxes payable	451	901
Unearned revenues	2,725	3,023
Deferred pension obligation	8,433	8,878
Deferred income taxes	172	797
Intercompany payable, net	62,709	156,438
Total current liabilities	151,547	293,028
Senior credit facility	60,621
Real estate mortgages	21,517	22,109
Unearned revenues and other long-term liabilities	14,749	13,620
Deferred income taxes	38,591	35,383
Total long-term liabilities	135,478	71,112
Total liabilities	287,025	364,140
Total equity	193,591	187,233
TOTAL	480,616	551,373
Non-Guarantors
Current Assets:
Cash and cash equivalents	23,484	13,492	$ 21,206	29,988
Accounts receivable, net	26,028	23,107
Inventories	22,156	27,627
Investments, at fair value	10,291	19,996
Deferred income taxes	694	725
Prepaid income taxes		314
Prepaid expenses and other current assets	1,126	965
Total current assets	83,779	86,226
Property and equipment, net	4,290	4,417
Other intangible assets, net	33,638	33,638
Other assets	1,131	1,456
TOTAL	122,838	125,737
Current Liabilities:
Accounts payable	6,754	12,743
Accrued expenses and other liabilities	4,729	4,410
Income taxes payable	1,228
Unearned revenues	1,418	1,833
Deferred pension obligation	81	52
Intercompany payable, net	21,528	23,211
Total current liabilities	35,738	42,249
Unearned revenues and other long-term liabilities	474	1,389
Deferred income taxes	3	3
Total long-term liabilities	477	1,392
Total liabilities	36,215	43,641
Total equity	86,623	82,096
TOTAL	122,838	125,737
Eliminations
Current Assets:
Cash and cash equivalents				$ (2,999)
Intercompany receivable, net	(79,334)	(174,264)
Prepaid income taxes	17	795
Total current assets	(79,317)	(173,469)
Investment in subsidiaries	(285,117)	(274,714)
TOTAL	(364,434)	(448,183)
Current Liabilities:
Income taxes payable	(1,679)	(901)
Intercompany payable, net	(84,237)	(179,649)
Total current liabilities	(85,916)	(180,550)
Deferred income taxes	1,696	1,696
Total long-term liabilities	1,696	1,696
Total liabilities	(84,220)	(178,854)
Total equity	(280,214)	(269,329)
TOTAL	$ (364,434)	$ (448,183)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Comprehensive (Loss) Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Revenues:
Net sales	$ 196,447	$ 203,267	$ 659,342	$ 649,193
Royalty income	8,992	8,173	25,810	23,093
Total revenues	205,439	211,440	685,152	672,286
Cost of sales	132,144	141,133	445,815	443,850
Gross profit	73,295	70,307	239,337	228,436
Operating expenses:
Selling, general and administrative expenses	64,869	64,477	202,731	201,045
Depreciation and amortization	3,383	3,008	10,151	8,976
Total operating expenses	68,252	67,485	212,882	210,021
Gain (loss) on sale of long-lived assets			(697)	885
Operating income	5,043	2,822	25,758	19,300
Costs of early extinguishment of debt			5,121
Interest expense	1,853	3,517	7,423	10,838
Net (loss) income before income taxes	3,190	(695)	13,214	8,462
Income tax (benefit) provision	917	(258)	2,811	2,740
Net (loss) income	2,273	(437)	10,403	5,722
Other comprehensive (loss) income	(475)	(1,134)	879	(323)
Comprehensive (loss) income	1,798	(1,571)	11,282	5,399
Parent
Operating expenses:
Equity in earnings of subsidiaries, net	2,273	(437)	10,403	5,722
Net (loss) income	2,273	(437)	10,403	5,722
Other comprehensive (loss) income	(475)	(1,134)	879	(323)
Comprehensive (loss) income	1,798	(1,571)	11,282	5,399
Guarantors
Revenues:
Net sales	174,315	182,512	586,515	581,632
Royalty income	5,495	4,995	15,693	14,085
Total revenues	179,810	187,507	602,208	595,717
Cost of sales	118,154	128,438	399,813	400,997
Gross profit	61,656	59,069	202,395	194,720
Operating expenses:
Selling, general and administrative expenses	55,570	55,639	172,690	173,069
Depreciation and amortization	3,096	2,735	9,258	8,256
Total operating expenses	58,666	58,374	181,948	181,325
Gain (loss) on sale of long-lived assets			(697)
Operating income	2,990	695	19,750	13,395
Costs of early extinguishment of debt			5,121
Interest expense	1,857	3,531	7,363	10,831
Net (loss) income before income taxes	1,133	(2,836)	7,266	2,564
Income tax (benefit) provision	344	(1,320)	908	1,281
Net (loss) income	789	(1,516)	6,358	1,283
Other comprehensive (loss) income	135	80	405	239
Comprehensive (loss) income	924	(1,436)	6,763	1,522
Non-Guarantors
Revenues:
Net sales	22,132	20,755	72,827	67,561
Royalty income	3,497	3,178	10,117	9,008
Total revenues	25,629	23,933	82,944	76,569
Cost of sales	13,990	12,695	46,002	42,853
Gross profit	11,639	11,238	36,942	33,716
Operating expenses:
Selling, general and administrative expenses	9,299	8,838	30,041	27,976
Depreciation and amortization	287	273	893	720
Total operating expenses	9,586	9,111	30,934	28,696
Gain (loss) on sale of long-lived assets				885
Operating income	2,053	2,127	6,008	5,905
Interest expense	(4)	(14)	60	7
Net (loss) income before income taxes	2,057	2,141	5,948	5,898
Income tax (benefit) provision	573	1,062	1,903	1,459
Net (loss) income	1,484	1,079	4,045	4,439
Other comprehensive (loss) income	(610)	(1,214)	474	(562)
Comprehensive (loss) income	874	(135)	4,519	3,877
Eliminations
Operating expenses:
Equity in earnings of subsidiaries, net	(2,273)	437	(10,403)	(5,722)
Net (loss) income	(2,273)	437	(10,403)	(5,722)
Other comprehensive (loss) income	475	1,134	(879)	323
Comprehensive (loss) income	$ (1,798)	$ 1,571	$ (11,282)	$ (5,399)

Condensed Consolidating State69

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:	$ 18,638	$ 33,833
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(9,837)	(12,525)
Purchase of investments	(8,230)	(27,331)
Proceeds from investment maturities	17,845	19,844
Proceeds on sale of intangible assets	2,500
Proceeds from note receivable	250	250
Net cash provided by (used in) investing activities	2,528	(19,762)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on senior subordinated notes	(100,000)
Borrowings from senior credit facility	330,644	220,166
Payments on senior credit facility	(270,023)	(228,328)
Payments on real estate mortgages	(615)	(593)
Purchase of treasury stock		(2,222)
Payments on capital leases	(137)	(150)
Deferred financing fees	(574)
Proceeds from exercise of stock options	1,408	360
Tax benefit from exercise of equity instruments		(134)
Net cash used in financing activities	(39,297)	(10,901)
Effect of exchange rate changes on cash and cash equivalents	600	243
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(17,531)	3,413
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	43,547	26,989
CASH AND CASH EQUIVALENTS AT END OF PERIOD	26,016	30,402
Parent
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:	382	(3,859)
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions	97,610	5,612
Net cash provided by (used in) investing activities	97,610	5,612
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on senior subordinated notes	(100,000)
Purchase of treasury stock		(2,222)
Proceeds from exercise of stock options	1,408	360
Tax benefit from exercise of equity instruments		(134)
Net cash used in financing activities	(98,592)	(1,996)
Effect of exchange rate changes on cash and cash equivalents	600	243
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:	15,691	33,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(8,913)	(11,860)
Proceeds on sale of intangible assets	2,500
Net cash provided by (used in) investing activities	(6,413)	(11,860)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	330,644	220,166
Payments on senior credit facility	(270,023)	(228,328)
Payments on real estate mortgages	(615)	(593)
Payments on capital leases	(137)	(150)
Deferred financing fees	(574)
Intercompany transactions	(96,096)	(3,039)
Net cash used in financing activities	(36,801)	(11,944)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(27,523)	9,196
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	30,055
CASH AND CASH EQUIVALENTS AT END OF PERIOD	2,532	9,196
Non-Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:	2,565	1,693
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(924)	(665)
Purchase of investments	(8,230)	(27,331)
Proceeds from investment maturities	17,845	19,844
Proceeds from note receivable	250	250
Net cash provided by (used in) investing activities	8,941	(7,902)
CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany transactions	(2,114)	(2,816)
Net cash used in financing activities	(2,114)	(2,816)
Effect of exchange rate changes on cash and cash equivalents	600	243
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	9,992	(8,782)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	13,492	29,988
CASH AND CASH EQUIVALENTS AT END OF PERIOD	23,484	21,206
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	(97,610)	(5,612)
Net cash provided by (used in) investing activities	(97,610)	(5,612)
CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany transactions	98,210	5,855
Net cash used in financing activities	98,210	5,855
Effect of exchange rate changes on cash and cash equivalents	$ (600)	(243)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS		2,999
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		$ (2,999)