Perry Ellis International (PERY) 10-Q 7 Jun 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2016	May. 31, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
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		15,567,000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Current Assets:
Cash and cash equivalents	$ 26,953	$ 31,902
Accounts receivable, net	174,233	132,066
Inventories	153,673	182,750
Investments, at fair value	10,279	9,782
Prepaid income taxes		1,818
Prepaid expenses and other current assets	7,707	8,461
Total current assets	372,845	366,779
Property and equipment, net	64,763	63,908
Other intangible assets, net	187,702	187,919
Deferred income tax	470	442
Other assets	2,848	2,927
TOTAL	628,628	621,975
Current Liabilities:
Accounts payable	51,544	103,684
Accrued expenses and other liabilities	27,036	26,497
Accrued interest payable	601	1,521
Income taxes payable	2,651
Unearned revenues	4,292	4,213
Deferred pension obligation	12,189	12,107
Total current liabilities	98,313	148,022
Senior subordinated notes payable, net	49,564	49,528
Senior credit facility	100,872	61,758
Real estate mortgages	21,112	21,318
Unearned revenues and other long-term liabilities	15,308	14,853
Deferred income taxes	35,449	35,015
Total long-term liabilities	222,305	182,472
Total liabilities	$ 320,618	$ 330,494
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; 15,567,017 shares issued and outstanding as of April 30, 2016 and 15,409,310 shares issued and outstanding as of January 30, 2016	$ 156	$ 154
Additional paid-in-capital	144,477	144,025
Retained earnings	176,060	161,810
Accumulated other comprehensive loss	(12,683)	(14,508)
Total equity	308,010	291,481
TOTAL	$ 628,628	$ 621,975

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2016	Jan. 30, 2016
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	15,567,017	15,409,310
Common stock, shares outstanding	15,567,017	15,409,310

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Revenues:
Net sales	$ 250,875	$ 258,257
Royalty income	10,419	8,157
Total revenues	261,294	266,414
Cost of sales	166,210	176,314
Gross profit	95,084	90,100
Operating expenses:
Selling, general and administrative expenses	69,934	69,608
Depreciation and amortization	3,467	3,322
Total operating expenses	73,401	72,930
Loss on sale of long-lived assets		(697)
Operating income	21,683	16,473
Interest expense	2,025	3,627
Net income before income taxes	19,658	12,846
Income tax provision	5,408	3,435
Net income	$ 14,250	$ 9,411
Net income per share:
Basic	$ 0.96	$ 0.64
Diluted	$ 0.95	$ 0.62
Weighted average number of shares outstanding
Basic	14,810	14,649
Diluted	15,060	15,161

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Net income	$ 14,250	$ 9,411
Other Comprehensive income:
Foreign currency translation adjustments, net	1,663	938
Unrealized gain on pension liability, net of tax	155	135
Unrealized gain (loss) on investments	7	(7)
Total other comprehensive income	1,825	1,066
Comprehensive income	$ 16,075	$ 10,477

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 14,250	$ 9,411
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	3,565	3,482
Provision for bad debts	404	250
Amortization of debt issue cost	103	163
Amortization of premiums and discounts	14	54
Amortization of unrealized (gain) loss on pension liability	155	135
Deferred income taxes	406	1,783
Share-based compensation	1,336	1,049
Loss on sale of long-lived assets		697
Changes in operating assets and liabilities, net of acquisitions
Accounts receivable, net	(41,451)	(43,443)
Inventories	30,226	30,553
Prepaid income taxes	1,878	908
Prepaid expenses and other current assets	1,194	773
Other assets	16	92
Accounts payable and accrued expenses	(53,081)	(42,726)
Accrued interest payable	(920)	(3,008)
Income taxes payable	2,157
Unearned revenues and other liabilities	667	104
Deferred pension obligation	81	55
Net cash used in operating activities	(39,000)	(39,668)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(4,098)	(3,319)
Purchase of investments	(2,455)	(2,640)
Proceeds from investments maturities	1,965	8,580
Proceeds on sale of intangible assets		2,500
Net cash (used in) provided by investing activities	(4,588)	5,121
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	123,995	90,036
Payments on senior credit facility	(84,881)	(80,366)
Payments on real estate mortgages	(212)	(206)
Payments on capital leases	(64)	(77)
Deferred financing fees		(569)
Proceeds from exercise of stock options		114
Tax benefit from exercise of equity instruments		396
Net cash provided by financing activities	38,838	9,328
Effect of exchange rate changes on cash and cash equivalents	(199)	408
NET DECREASE IN CASH AND CASH EQUIVALENTS	(4,949)	(24,811)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	31,902	43,547
CASH AND CASH EQUIVALENTS AT END OF PERIOD	26,953	18,736
Cash paid during the period for:
Interest	2,828	6,418
Income taxes	150	$ 57
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Accrued purchases of property and equipment	$ 39

GENERAL

GENERAL	3 Months Ended
	Apr. 30, 2016
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 30, 2016, filed with the Securities and Exchange Commission on April 14, 2016. 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	3 Months Ended
	Apr. 30, 2016
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 , “Revenue from Contracts with Customers.” In March 2015, the FASB issued ASU 2015-03, “ Interest—Imputation of Interest (Subtopic 835-30)” The effect on the condensed consolidating balance sheet as of January 30, 2016, as a result of this change in presentation, is a decrease of ($0.5) million in other assets, and a decrease of ($0.5) million in senior subordinated notes payable. In July 2015, the FASB issued ASU 2015-11, “ Inventory (Topic 330): Simplifying the Measurement of Inventory”, In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” In March 2016, the FASB issued ASU No. 2016-07, “ Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting, In March 2016, the FASB issued ASU No. 2016-09, “ Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In April 2016, the FASB issued ASU No. 2016-10, “ Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing Revenue from Contracts with Customers”,

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	3 Months Ended
	Apr. 30, 2016
ACCOUNTS RECEIVABLE	3. ACCOUNTS RECEIVABLE Accounts receivable consisted of the following as of: April 30, January 30, 2016 2016 (in thousands) Trade accounts $ 192,668 $ 144,708 Royalties 3,986 5,892 Other receivables 1,841 1,769 Total 198,495 152,369 Less: allowances (24,262 ) (20,303 ) Total $ 174,233 $ 132,066

INVENTORIES

INVENTORIES	3 Months Ended
	Apr. 30, 2016
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: April 30, January 30, 2016 2016 (in thousands) Finished goods $ 153,581 $ 182,414 Raw materials and in process 92 336 Total $ 153,673 $ 182,750

INVESTMENTS

INVESTMENTS	3 Months Ended
	Apr. 30, 2016
INVESTMENTS	5. INVESTMENTS The Company’s investments include certificates of deposit at April 30, 2016 and January 30, 2016. Certificates of deposit are classified as available-for-sale with $10.3 million with maturity dates within one year or less. 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 April 30, 2016: Gross Gross Estimated Cost Unrealized Gains Unrealized Losses Fair Value (in thousands) Certificates of deposit 10,281 0 (2 ) 10,279 Total investments $ 10,281 $ 0 $ (2 ) $ 10,279 Investments consisted of the following as of January 30, 2016: Gross Gross Estimated Cost Unrealized Gains Unrealized Losses Fair Value (in thousands) Certificates of deposit 9,791 0 (9 ) 9,782 Total investments $ 9,791 $ 0 $ (9 ) $ 9,782

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Apr. 30, 2016
PROPERTY AND EQUIPMENT	6. PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of: April 30, January 30, 2016 2016 (in thousands) Furniture, fixtures and equipment $ 86,384 $ 84,634 Buildings and building improvements 19,916 19,462 Vehicles 556 523 Leasehold improvements 47,717 46,882 Land 9,430 9,430 Total 164,003 160,931 Less: accumulated depreciation and amortization (99,240 ) (97,023 ) Total $ 64,763 $ 63,908 The above table of property and equipment includes assets held under capital leases as of: April 30, January 30, 2016 2016 (in thousands) Furniture, fixtures and equipment $ 810 $ 810 Less: accumulated depreciation and amortization (249 ) (182 ) Total $ 561 $ 628 For the three months ended April 30, 2016 and May 2, 2015, depreciation and amortization expense relating to property and equipment amounted to $3.3 million for each of the periods. These amounts include amortization expense for leased property under capital leases.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	3 Months Ended
	Apr. 30, 2016
OTHER INTANGIBLE ASSETS	7. OTHER INTANGIBLE ASSETS Trademarks Trademarks included in other intangible assets, net, are considered indefinite-lived assets and totaled $184.1 million at April 30, 2016 and January 30, 2016. 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. Other Other intangible assets represent customer lists as of: April 30, January 30, 2016 2016 (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (4,894 ) (4,677 ) Total $ 3,556 $ 3,773 For the three months ended April 30, 2016 and May 2, 2015, amortization expense relating to customer lists amounted to approximately $0.2 million for each of the periods. Other intangible assets are amortized over their estimated useful lives of 10 years. Assuming no impairment, the table sets forth the estimated amortization expense for future periods based on recorded amounts as of January 30, 2016: (in thousands) 2017 $ 868 2018 835 2019 793 2020 734 2021 543

LETTER OF CREDIT FACILITIES

LETTER OF CREDIT FACILITIES	3 Months Ended
	Apr. 30, 2016
LETTER OF CREDIT FACILITIES	8. LETTER OF CREDIT FACILITIES Borrowings and availability under letter of credit facilities consisted of the following as of: April 30, January 30, 2016 2016 (in thousands) Total letter of credit facilities $ 30,292 $ 30,286 Outstanding letters of credit (11,395 ) (11,395 ) Total credit available $ 18,897 $ 18,891

ADVERTISING AND RELATED COSTS

ADVERTISING AND RELATED COSTS	3 Months Ended
	Apr. 30, 2016
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 $4.3 million and $3.8 million for the three months ended April 30, 2016 and May 2, 2015, respectively, and are included in selling, general and administrative expenses.

NET INCOME PER SHARE

NET INCOME PER SHARE	3 Months Ended
	Apr. 30, 2016
NET INCOME PER SHARE	10. NET INCOME PER SHARE Basic net income per share is computed by dividing net income by the weighted average shares of outstanding common stock. The calculation of diluted net income 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 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 per share: Three Months Ended April 30, May 2, 2016 2015 (in thousands, except per share data) Numerator: Net income $ 14,250 $ 9,411 Denominator: Basic-weighted average shares 14,810 14,649 Dilutive effect: equity awards 250 512 Diluted-weighted average shares 15,060 15,161 Basic income per share $ 0.96 $ 0.64 Diluted income per share $ 0.95 $ 0.62 Antidilutive effect: (1) 804 479 (1) Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.

EQUITY

EQUITY	3 Months Ended
	Apr. 30, 2016
EQUITY	11. EQUITY The following table reflects the changes in equity: Changes in Equity (in thousands) Equity at January 30, 2016 $ 291,481 Comprehensive income 16,075 Share transactions under employee equity compensation plans 454 Equity at April 30, 2016 $ 308,010 Equity at January 31, 2015 $ 302,017 Comprehensive income 10,477 Share transactions under employee equity compensation plans 895 Equity at May 2, 2015 $ 313,389

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
	Apr. 30, 2016
ACCUMULATED OTHER COMPREHENSIVE LOSS	12. ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss by component, net of tax: Unrealized Foreign Unrealized (Loss) Gain on Currency Translation Gain (Loss) on Pension Liability Adjustments, Net Investments Total (in thousands) Balance, January 30, 2016 $ (7,368 ) $ (7,131 ) $ (9 ) $ (14,508 ) Other comprehensive income before reclassifications — 1,663 7 1,670 Amounts reclassified from accumulated other comprehensive income 155 — — 155 Balance, April 30, 2016 $ (7,213 ) $ (5,468 ) $ (2 ) $ (12,683 ) Unrealized Foreign Unrealized (Loss) Gain on Currency Translation (Loss) Gain on Pension Liability Adjustments, Net Investments Total (in thousands) Balance, January 31, 2015 $ (8,085 ) $ (4,774 ) $ 7 $ (12,852 ) Other comprehensive income before reclassifications — 938 (7 ) 931 Amounts reclassified from accumulated other comprehensive income 135 — — 135 Balance, May 2, 2015 $ (7,950 ) $ (3,836 ) $ — $ (11,786 ) A summary of the impact on the condensed consolidated statement of income line items is as follows: Three Months Ended April 30, 2016 May 2, 2015 (in thousands) Amortization of defined benefit pension items Actuarial gains $ 155 $ 135 Selling, general and administrative expenses Tax provision — — Total, net of tax $ 155 $ 135

INCOME TAXES

INCOME TAXES	3 Months Ended
	Apr. 30, 2016
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 2016 are open tax years. The Company’s state and foreign 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 2017, depending on each state’s particular statute of limitation. As of April 30, 2016, 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 $1.1 million liability recorded for unrecognized tax benefits as of January 30, 2016, 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 ended April 30, 2016, the total amount of unrecognized tax benefits increased by approximately $50,000. The change to the total amount of the unrecognized tax benefit for the three months ended April 30, 2016 included an increase in interest and penalties of approximately $26,000. The Company does not currently anticipate a resolution within the next twelve months for any of the remaining unrecognized tax benefits as of April 30, 2016. 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 is not expected to lapse within the next twelve months. At the end of fiscal 2016, the Company maintained a $46.2 million valuation allowance against its remaining domestic deferred tax asset; including, but not limited to, the federal net operating loss carryforward and the U.S. state net operating loss carryforwards, 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. An accumulation of recent pretax losses is considered strong negative evidence in that evaluation. Although the Company recognized pretax earnings in the first quarter of fiscal 2017, by itself that does not represent sufficient positive evidence that the deferred tax asset will be realized 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	3 Months Ended
	Apr. 30, 2016
STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES	14. STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES During the three months ended April 30, 2016, the Company granted an aggregate of 86,173 shares of restricted stock to certain key employees, which vest primarily over a three-year period, at an estimated value of $1.6 million. This value is being recorded as compensation expense on a straight-line basis over the vesting period of the restricted stock. During the three months ended April 30, 2016, the Company granted performance based restricted stock to certain key employees. Such stock generally vests 100% in April 2019, provided that each employee is still an employee of the Company on such date, and the Company has met certain performance criteria. A total of 184,044 shares of performance-based restricted stock were issued at an estimated value of $1.9 million. During the three months ended April 30, 2016, a total of 159,862 shares of restricted stock vested, of which 46,000 shares were withheld to cover the employees’ statutory income tax requirements. The estimated value of the withheld shares was $0.9 million.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Apr. 30, 2016
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 the Company’s retail stores and e-commerce platforms. The Licensing segment derives its revenues from royalties associated from the use of the Company’s brand names, principally Perry Ellis, Original Penguin, Laundry, Gotcha, Pro Player, Farah, Ben Hogan, John Henry, Jantzen, and Savane. The Company allocates certain corporate selling, general and administrative expenses based primarily on the revenues generated by the segments. Three Months Ended April 30, May 2, 2016 2015 (in thousands) Revenues: Men’s Sportswear and Swim $ 197,925 $ 198,453 Women’s Sportswear 32,489 38,823 Direct-to-Consumer 20,461 20,981 Licensing 10,419 8,157 Total revenues $ 261,294 $ 266,414 Depreciation and amortization: Men’s Sportswear and Swim $ 1,897 $ 1,875 Women’s Sportswear 614 500 Direct-to-Consumer 896 904 Licensing 60 43 Total depreciation and amortization $ 3,467 $ 3,322 Operating income (loss): Men’s Sportswear and Swim $ 16,942 $ 11,330 Women’s Sportswear (351 ) 1,382 Direct-to-Consumer (3,372 ) (1,866 ) Licensing (1) 8,464 5,627 Total operating income $ 21,683 $ 16,473 Total interest expense 2,025 3,627 Total net income before income taxes $ 19,658 $ 12,846 (1) Operating income for the licensing segment for the three months ended May 2, 2015 includes a loss on sale of long-lived assets in the amount of ($0.7) million. See footnote 7 to the unaudited condensed consolidated financial statements for further information.

BENEFIT PLAN

BENEFIT PLAN	3 Months Ended
	Apr. 30, 2016
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 first quarter of fiscal 2017 and 2016: Three Months Ended April 30, May 2, 2016 2015 (in thousands) Service cost $ 63 $ 63 Interest cost 124 337 Expected return on plan assets (87 ) (658 ) Amortization of net gain 155 135 Net periodic benefit cost (income) $ 255 $ (123 )

SENIOR SUBORDINATED NOTES PAYAB

SENIOR SUBORDINATED NOTES PAYABLE	3 Months Ended
	Apr. 30, 2016
SENIOR SUBORDINATED NOTES PAYABLE	17. 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 7 8 7 8 Certain Covenants.

SENIOR CREDIT FACILITY

SENIOR CREDIT FACILITY	3 Months Ended
	Apr. 30, 2016
SENIOR CREDIT FACILITY	18. 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 April 30, 2016, the Company had outstanding borrowings of $100.9 million under the Credit Facility. At January 30, 2016, the Company had outstanding borrowings of $61.8 million, under the Credit Facility. Certain Covenants 7 8 Borrowing Base. Interest. Security

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Apr. 30, 2016
FAIR VALUE MEASUREMENTS	19. FAIR VALUE MEASUREMENTS Accounts receivable, accounts payable, accrued interest payable and accrued expenses Investments. Real estate mortgages. Senior credit facility. Senior subordinated notes payable These estimated fair value amounts have been determined using available market information and appropriate valuation methods.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Apr. 30, 2016
COMMITMENTS AND CONTINGENCIES	20. COMMITMENTS AND CONTINGENCIES On April 20, 2016, the Company entered into an employment agreement with George Feldenkreis, the Company’s Executive Chairman. The term of the employment agreement shall continue until the death, or termination of the employment agreement by the Company or Mr. Feldenkreis. He will be paid a base salary of not less than $750,000 per year during the term of employment and, among other things, a lump sum payment of $1.0 million upon the termination of his employment in most circumstances. Additionally, he is entitled to participate in the Company’s incentive compensation plans. On April 20, 2016, the Company entered into an employment agreement with Oscar Feldenkreis, the Company’s Vice Chairman of the Board of Directors, Chief Executive Officer and President. The term of the employment agreement ends on February 2, 2019. Pursuant to the employment agreement he will be paid a base salary of not less than $1,350,000 per year during the term of his employment with the Company. Additionally, he is entitled to participate in the Company’s incentive compensation plans.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	3 Months Ended
	Apr. 30, 2016
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 April 30, 2016 and January 30, 2016 and for the three months ended April 30, 2016 and May 2, 2015. 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 APRIL 30, 2016 (amounts in thousands) Parent Only Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 3,399 $ 23,554 $ — $ 26,953 Accounts receivable, net — 146,714 27,519 — 174,233 Intercompany receivable, net 82,603 — — (82,603 ) — Inventories — 129,936 23,737 — 153,673 Investment, at fair value — — 10,279 — 10,279 Prepaid expenses and other current assets — 6,977 730 — 7,707 Total current assets 82,603 287,026 85,819 (82,603 ) 372,845 Property and equipment, net — 61,980 2,783 — 64,763 Other intangible assets, net — 155,370 32,332 — 187,702 Deferred income taxes — — 470 — 470 Investment in subsidiaries 278,966 — — (278,966 ) — Other assets — 2,043 805 — 2,848 TOTAL $ 361,569 $ 506,419 $ 122,209 $ (361,569 ) $ 628,628 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 46,847 $ 4,697 $ — $ 51,544 Accrued expenses and other liabilities — 22,275 4,761 — 27,036 Accrued interest payable 601 — — — 601 Income taxes payable 3,394 190 763 (1,696 ) 2,651 Unearned revenues — 3,141 1,151 — 4,292 Deferred pension obligation — 12,124 65 — 12,189 Intercompany payable, net — 68,566 20,116 (88,682 ) — Total current liabilities 3,995 153,143 31,553 (90,378 ) 98,313 Senior subordinated notes payable, net 49,564 — — — 49,564 Senior credit facility — 100,872 — — 100,872 Real estate mortgages — 21,112 — — 21,112 Unearned revenues and other long-term liabilities — 15,073 235 — 15,308 Deferred income taxes — 33,753 — 1,696 35,449 Total long-term liabilities 49,564 170,810 235 1,696 222,305 Total liabilities 53,559 323,953 31,788 (88,682 ) 320,618 Total equity 308,010 182,466 90,421 (272,887 ) 308,010 TOTAL $ 361,569 $ 506,419 $ 122,209 $ (361,569 ) $ 628,628 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF JANUARY 30, 2016 (amounts in thousands) Parent Only Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 775 $ 31,127 $ — $ 31,902 Accounts receivable, net — 106,018 26,048 — 132,066 Intercompany receivable, net 74,091 — — (74,091 ) — Inventories — 155,703 27,047 — 182,750 Investment, at fair value — — 9,782 — 9,782 Deferred income taxes — — — — — Prepaid income taxes 1,017 — — 801 1,818 Prepaid expenses and other current assets — 7,426 1,035 — 8,461 Total current assets 75,108 269,922 95,039 (73,290 ) 366,779 Property and equipment, net — 61,260 2,648 — 63,908 Other intangible assets, net — 155,587 32,332 — 187,919 Investment in subsidiaries 267,422 — — (267,422 ) — Deferred income taxes — — 442 — 442 Other assets — 2,150 777 — 2,927 TOTAL $ 342,530 $ 488,919 $ 131,238 $ (340,712 ) $ 621,975 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 89,961 $ 13,723 $ — $ 103,684 Accrued expenses and other liabilities — 21,524 4,973 — 26,497 Accrued interest payable 1,521 — — — 1,521 Income taxes payable — 623 272 (895 ) — Unearned revenues — 2,952 1,261 — 4,213 Deferred pension obligation — 12,025 82 — 12,107 Intercompany payable, net — 60,384 21,449 (81,833 ) — Total current liabilities 1,521 187,469 41,760 (82,728 ) 148,022 Senior subordinated notes payable, net 49,528 — — — 49,528 Senior credit facility — 61,758 — — 61,758 Real estate mortgages — 21,318 — — 21,318 Unearned revenues and other long-term liabilities — 14,608 245 — 14,853 Deferred income taxes — 33,319 — 1,696 35,015 Total long-term liabilities 49,528 131,003 245 1,696 182,472 Total liabilities 51,049 318,472 42,005 (81,032 ) 330,494 Total equity 291,481 170,447 89,233 (259,680 ) 291,481 TOTAL $ 342,530 $ 488,919 $ 131,238 $ (340,712 ) $ 621,975 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 30, 2016 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 224,905 $ 25,970 $ — $ 250,875 Royalty income — 7,214 3,205 — 10,419 Total revenues — 232,119 29,175 — 261,294 Cost of sales — 148,976 17,234 — 166,210 Gross profit — 83,143 11,941 — 95,084 Operating expenses: Selling, general and administrative expenses — 61,433 8,501 — 69,934 Depreciation and amortization — 3,191 276 — 3,467 Total operating expenses — 64,624 8,777 — 73,401 Operating income — 18,519 3,164 — 21,683 Interest expense — 2,034 (9 ) — 2,025 Net income before income taxes — 16,485 3,173 — 19,658 Income tax provision — 4,466 942 — 5,408 Equity in earnings of subsidiaries, net 14,250 — — (14,250 ) — Net income 14,250 12,019 2,231 (14,250 ) 14,250 Other comprehensive income 1,825 155 1,670 (1,825 ) 1,825 Comprehensive income $ 16,075 $ 12,174 $ 3,901 $ (16,075 ) $ 16,075 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED MAY 2, 2015 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 232,279 $ 25,978 $ — $ 258,257 Royalty income — 4,912 3,245 — 8,157 Total revenues — 237,191 29,223 — 266,414 Cost of sales — 160,251 16,063 — 176,314 Gross profit — 76,940 13,160 — 90,100 Operating expenses: Selling, general and administrative expenses — 59,845 9,763 — 69,608 Depreciation and amortization — 3,024 298 — 3,322 Total operating expenses — 62,869 10,061 — 72,930 Loss on sale of long-lived assets — (697 ) — — (697 ) Operating income — 13,374 3,099 — 16,473 Interest expense — 3,567 60 — 3,627 Net income before income taxes — 9,807 3,039 — 12,846 Income tax provision — 3,081 354 — 3,435 Equity in earnings of subsidiaries, net 9,411 — — (9,411 ) — Net income 9,411 6,726 2,685 (9,411 ) 9,411 Other comprehensive income 1,066 135 931 (1,066 ) 1,066 Comprehensive income $ 10,477 $ 6,861 $ 3,616 $ (10,477 ) $ 10,477 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 30, 2016 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 6,192 $ (40,153 ) $ (7,745 ) $ 2,706 $ (39,000 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (3,742 ) (356 ) — (4,098 ) Purchase of investments — — (2,455 ) — (2,455 ) Proceeds from investments maturities — — 1,965 — 1,965 Intercompany transactions (5,993 ) — — 5,993 — Net cash used in investing activities (5,993 ) (3,742 ) (846 ) 5,993 (4,588 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 123,995 — — 123,995 Payments on senior credit facility — (84,881 ) — — (84,881 ) Payments on real estate mortgages — (212 ) — — (212 ) Payments on capital leases — (64 ) — — (64 ) Dividends paid to stockholder — — 2,706 (2,706 ) — Intercompany transactions — 7,681 (1,489 ) (6,192 ) — Net cash provided by financing activities — 46,519 1,217 (8,898 ) 38,838 Effect of exchange rate changes on cash and cash equivalents (199 ) — (199 ) 199 (199 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 2,624 (7,573 ) — (4,949 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 775 31,127 — 31,902 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,399 $ 23,554 $ — $ 26,953 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS ENDED MAY 2, 2015 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated NET CASH USED IN OPERATING ACTIVITIES: $ (1,639 ) $ (34,209 ) $ (3,820 ) $ — $ (39,668 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (2,969 ) (350 ) — (3,319 ) Purchase of investments — — (2,640 ) — (2,640 ) Proceeds from investments maturities — — 8,580 — 8,580 Proceeds on sale of intangible assets — 2,500 — — 2,500 Intercompany transactions 721 — — (721 ) — Net cash provided by (used in) investing activities 721 (469 ) 5,590 (721 ) 5,121 CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 90,036 — — 90,036 Payments on senior credit facility — (80,366 ) — — (80,366 ) Payments on real estate mortgages — (206 ) — — (206 ) Payments on capital leases — (77 ) — — (77 ) Deferred financing fees — (569 ) — — (569 ) Proceeds from exercise of stock options 114 — — — 114 Tax benefit from exercise of equity instruments 396 — — — 396 Intercompany transactions — (1,002 ) (127 ) 1,129 — Net cash provided by (used in) financing activities 510 7,816 (127 ) 1,129 9,328 Effect of exchange rate changes on cash and cash equivalents 408 — 408 (408 ) 408 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (26,862 ) 2,051 — (24,811 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 30,055 13,492 — 43,547 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,193 $ 15,543 $ — $ 18,736

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	3 Months Ended
	Apr. 30, 2016
Components of Accounts Receivable	Accounts receivable consisted of the following as of: April 30, January 30, 2016 2016 (in thousands) Trade accounts $ 192,668 $ 144,708 Royalties 3,986 5,892 Other receivables 1,841 1,769 Total 198,495 152,369 Less: allowances (24,262 ) (20,303 ) Total $ 174,233 $ 132,066

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Apr. 30, 2016
Summary of Inventories	Inventories consisted of the following as of: April 30, January 30, 2016 2016 (in thousands) Finished goods $ 153,581 $ 182,414 Raw materials and in process 92 336 Total $ 153,673 $ 182,750

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	Apr. 30, 2016
Investments	Investments consisted of the following as of April 30, 2016: Gross Gross Estimated Cost Unrealized Gains Unrealized Losses Fair Value (in thousands) Certificates of deposit 10,281 0 (2 ) 10,279 Total investments $ 10,281 $ 0 $ (2 ) $ 10,279 Investments consisted of the following as of January 30, 2016: Gross Gross Estimated Cost Unrealized Gains Unrealized Losses Fair Value (in thousands) Certificates of deposit 9,791 0 (9 ) 9,782 Total investments $ 9,791 $ 0 $ (9 ) $ 9,782

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Apr. 30, 2016
Summary of Property and Equipment	Property and equipment consisted of the following as of: April 30, January 30, 2016 2016 (in thousands) Furniture, fixtures and equipment $ 86,384 $ 84,634 Buildings and building improvements 19,916 19,462 Vehicles 556 523 Leasehold improvements 47,717 46,882 Land 9,430 9,430 Total 164,003 160,931 Less: accumulated depreciation and amortization (99,240 ) (97,023 ) Total $ 64,763 $ 63,908
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: April 30, January 30, 2016 2016 (in thousands) Furniture, fixtures and equipment $ 810 $ 810 Less: accumulated depreciation and amortization (249 ) (182 ) Total $ 561 $ 628

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Apr. 30, 2016
Summary of Other Intangible Assets	Other intangible assets represent customer lists as of: April 30, January 30, 2016 2016 (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (4,894 ) (4,677 ) Total $ 3,556 $ 3,773
Schedule of Estimated Amortization Expense for Future Periods	Assuming no impairment, the table sets forth the estimated amortization expense for future periods based on recorded amounts as of January 30, 2016: (in thousands) 2017 $ 868 2018 835 2019 793 2020 734 2021 543

LETTER OF CREDIT FACILITIES (Ta

LETTER OF CREDIT FACILITIES (Tables)	3 Months Ended
	Apr. 30, 2016
Borrowings and Availability under Letter of Credit Facilities	Borrowings and availability under letter of credit facilities consisted of the following as of: April 30, January 30, 2016 2016 (in thousands) Total letter of credit facilities $ 30,292 $ 30,286 Outstanding letters of credit (11,395 ) (11,395 ) Total credit available $ 18,897 $ 18,891

NET INCOME PER SHARE (Tables)

NET INCOME PER SHARE (Tables)	3 Months Ended
	Apr. 30, 2016
Calculation of Basic and Diluted Income Per Share	The following table sets forth the computation of basic and diluted income per share: Three Months Ended April 30, May 2, 2016 2015 (in thousands, except per share data) Numerator: Net income $ 14,250 $ 9,411 Denominator: Basic-weighted average shares 14,810 14,649 Dilutive effect: equity awards 250 512 Diluted-weighted average shares 15,060 15,161 Basic income per share $ 0.96 $ 0.64 Diluted income per share $ 0.95 $ 0.62 Antidilutive effect: (1) 804 479 (1) Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
	Apr. 30, 2016
Changes in Equity	The following table reflects the changes in equity: Changes in Equity (in thousands) Equity at January 30, 2016 $ 291,481 Comprehensive income 16,075 Share transactions under employee equity compensation plans 454 Equity at April 30, 2016 $ 308,010 Equity at January 31, 2015 $ 302,017 Comprehensive income 10,477 Share transactions under employee equity compensation plans 895 Equity at May 2, 2015 $ 313,389

ACCUMULATED OTHER COMPREHENSI36

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
	Apr. 30, 2016
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 (Loss) Gain on Currency Translation Gain (Loss) on Pension Liability Adjustments, Net Investments Total (in thousands) Balance, January 30, 2016 $ (7,368 ) $ (7,131 ) $ (9 ) $ (14,508 ) Other comprehensive income before reclassifications — 1,663 7 1,670 Amounts reclassified from accumulated other comprehensive income 155 — — 155 Balance, April 30, 2016 $ (7,213 ) $ (5,468 ) $ (2 ) $ (12,683 ) Unrealized Foreign Unrealized (Loss) Gain on Currency Translation (Loss) Gain on Pension Liability Adjustments, Net Investments Total (in thousands) Balance, January 31, 2015 $ (8,085 ) $ (4,774 ) $ 7 $ (12,852 ) Other comprehensive income before reclassifications — 938 (7 ) 931 Amounts reclassified from accumulated other comprehensive income 135 — — 135 Balance, May 2, 2015 $ (7,950 ) $ (3,836 ) $ — $ (11,786 )
Summary of Impact on Condensed Consolidated Statement of Income Line Items	A summary of the impact on the condensed consolidated statement of income line items is as follows: Three Months Ended April 30, 2016 May 2, 2015 (in thousands) Amortization of defined benefit pension items Actuarial gains $ 155 $ 135 Selling, general and administrative expenses Tax provision — — Total, net of tax $ 155 $ 135

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Apr. 30, 2016
Segment Information	The Company allocates certain corporate selling, general and administrative expenses based primarily on the revenues generated by the segments. Three Months Ended April 30, May 2, 2016 2015 (in thousands) Revenues: Men’s Sportswear and Swim $ 197,925 $ 198,453 Women’s Sportswear 32,489 38,823 Direct-to-Consumer 20,461 20,981 Licensing 10,419 8,157 Total revenues $ 261,294 $ 266,414 Depreciation and amortization: Men’s Sportswear and Swim $ 1,897 $ 1,875 Women’s Sportswear 614 500 Direct-to-Consumer 896 904 Licensing 60 43 Total depreciation and amortization $ 3,467 $ 3,322 Operating income (loss): Men’s Sportswear and Swim $ 16,942 $ 11,330 Women’s Sportswear (351 ) 1,382 Direct-to-Consumer (3,372 ) (1,866 ) Licensing (1) 8,464 5,627 Total operating income $ 21,683 $ 16,473 Total interest expense 2,025 3,627 Total net income before income taxes $ 19,658 $ 12,846 (1) Operating income for the licensing segment for the three months ended May 2, 2015 includes a loss on sale of long-lived assets in the amount of ($0.7) million. See footnote 7 to the unaudited condensed consolidated financial statements for further information.

BENEFIT PLAN (Tables)

BENEFIT PLAN (Tables)	3 Months Ended
	Apr. 30, 2016
Components of Net Benefit Cost	The following table provides the components of net benefit cost for the plan during the first quarter of fiscal 2017 and 2016: Three Months Ended April 30, May 2, 2016 2015 (in thousands) Service cost $ 63 $ 63 Interest cost 124 337 Expected return on plan assets (87 ) (658 ) Amortization of net gain 155 135 Net periodic benefit cost (income) $ 255 $ (123 )

CONDENSED CONSOLIDATING FINAN39

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Apr. 30, 2016
Condensed Consolidating Balance Sheet	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF APRIL 30, 2016 (amounts in thousands) Parent Only Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 3,399 $ 23,554 $ — $ 26,953 Accounts receivable, net — 146,714 27,519 — 174,233 Intercompany receivable, net 82,603 — — (82,603 ) — Inventories — 129,936 23,737 — 153,673 Investment, at fair value — — 10,279 — 10,279 Prepaid expenses and other current assets — 6,977 730 — 7,707 Total current assets 82,603 287,026 85,819 (82,603 ) 372,845 Property and equipment, net — 61,980 2,783 — 64,763 Other intangible assets, net — 155,370 32,332 — 187,702 Deferred income taxes — — 470 — 470 Investment in subsidiaries 278,966 — — (278,966 ) — Other assets — 2,043 805 — 2,848 TOTAL $ 361,569 $ 506,419 $ 122,209 $ (361,569 ) $ 628,628 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 46,847 $ 4,697 $ — $ 51,544 Accrued expenses and other liabilities — 22,275 4,761 — 27,036 Accrued interest payable 601 — — — 601 Income taxes payable 3,394 190 763 (1,696 ) 2,651 Unearned revenues — 3,141 1,151 — 4,292 Deferred pension obligation — 12,124 65 — 12,189 Intercompany payable, net — 68,566 20,116 (88,682 ) — Total current liabilities 3,995 153,143 31,553 (90,378 ) 98,313 Senior subordinated notes payable, net 49,564 — — — 49,564 Senior credit facility — 100,872 — — 100,872 Real estate mortgages — 21,112 — — 21,112 Unearned revenues and other long-term liabilities — 15,073 235 — 15,308 Deferred income taxes — 33,753 — 1,696 35,449 Total long-term liabilities 49,564 170,810 235 1,696 222,305 Total liabilities 53,559 323,953 31,788 (88,682 ) 320,618 Total equity 308,010 182,466 90,421 (272,887 ) 308,010 TOTAL $ 361,569 $ 506,419 $ 122,209 $ (361,569 ) $ 628,628 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF JANUARY 30, 2016 (amounts in thousands) Parent Only Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 775 $ 31,127 $ — $ 31,902 Accounts receivable, net — 106,018 26,048 — 132,066 Intercompany receivable, net 74,091 — — (74,091 ) — Inventories — 155,703 27,047 — 182,750 Investment, at fair value — — 9,782 — 9,782 Deferred income taxes — — — — — Prepaid income taxes 1,017 — — 801 1,818 Prepaid expenses and other current assets — 7,426 1,035 — 8,461 Total current assets 75,108 269,922 95,039 (73,290 ) 366,779 Property and equipment, net — 61,260 2,648 — 63,908 Other intangible assets, net — 155,587 32,332 — 187,919 Investment in subsidiaries 267,422 — — (267,422 ) — Deferred income taxes — — 442 — 442 Other assets — 2,150 777 — 2,927 TOTAL $ 342,530 $ 488,919 $ 131,238 $ (340,712 ) $ 621,975 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 89,961 $ 13,723 $ — $ 103,684 Accrued expenses and other liabilities — 21,524 4,973 — 26,497 Accrued interest payable 1,521 — — — 1,521 Income taxes payable — 623 272 (895 ) — Unearned revenues — 2,952 1,261 — 4,213 Deferred pension obligation — 12,025 82 — 12,107 Intercompany payable, net — 60,384 21,449 (81,833 ) — Total current liabilities 1,521 187,469 41,760 (82,728 ) 148,022 Senior subordinated notes payable, net 49,528 — — — 49,528 Senior credit facility — 61,758 — — 61,758 Real estate mortgages — 21,318 — — 21,318 Unearned revenues and other long-term liabilities — 14,608 245 — 14,853 Deferred income taxes — 33,319 — 1,696 35,015 Total long-term liabilities 49,528 131,003 245 1,696 182,472 Total liabilities 51,049 318,472 42,005 (81,032 ) 330,494 Total equity 291,481 170,447 89,233 (259,680 ) 291,481 TOTAL $ 342,530 $ 488,919 $ 131,238 $ (340,712 ) $ 621,975
Condensed Consolidating Statement of Comprehensive Income	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 30, 2016 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 224,905 $ 25,970 $ — $ 250,875 Royalty income — 7,214 3,205 — 10,419 Total revenues — 232,119 29,175 — 261,294 Cost of sales — 148,976 17,234 — 166,210 Gross profit — 83,143 11,941 — 95,084 Operating expenses: Selling, general and administrative expenses — 61,433 8,501 — 69,934 Depreciation and amortization — 3,191 276 — 3,467 Total operating expenses — 64,624 8,777 — 73,401 Operating income — 18,519 3,164 — 21,683 Interest expense — 2,034 (9 ) — 2,025 Net income before income taxes — 16,485 3,173 — 19,658 Income tax provision — 4,466 942 — 5,408 Equity in earnings of subsidiaries, net 14,250 — — (14,250 ) — Net income 14,250 12,019 2,231 (14,250 ) 14,250 Other comprehensive income 1,825 155 1,670 (1,825 ) 1,825 Comprehensive income $ 16,075 $ 12,174 $ 3,901 $ (16,075 ) $ 16,075 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED MAY 2, 2015 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 232,279 $ 25,978 $ — $ 258,257 Royalty income — 4,912 3,245 — 8,157 Total revenues — 237,191 29,223 — 266,414 Cost of sales — 160,251 16,063 — 176,314 Gross profit — 76,940 13,160 — 90,100 Operating expenses: Selling, general and administrative expenses — 59,845 9,763 — 69,608 Depreciation and amortization — 3,024 298 — 3,322 Total operating expenses — 62,869 10,061 — 72,930 Loss on sale of long-lived assets — (697 ) — — (697 ) Operating income — 13,374 3,099 — 16,473 Interest expense — 3,567 60 — 3,627 Net income before income taxes — 9,807 3,039 — 12,846 Income tax provision — 3,081 354 — 3,435 Equity in earnings of subsidiaries, net 9,411 — — (9,411 ) — Net income 9,411 6,726 2,685 (9,411 ) 9,411 Other comprehensive income 1,066 135 931 (1,066 ) 1,066 Comprehensive income $ 10,477 $ 6,861 $ 3,616 $ (10,477 ) $ 10,477
Condensed Consolidating Statement of Cash Flows	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 30, 2016 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 6,192 $ (40,153 ) $ (7,745 ) $ 2,706 $ (39,000 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (3,742 ) (356 ) — (4,098 ) Purchase of investments — — (2,455 ) — (2,455 ) Proceeds from investments maturities — — 1,965 — 1,965 Intercompany transactions (5,993 ) — — 5,993 — Net cash used in investing activities (5,993 ) (3,742 ) (846 ) 5,993 (4,588 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 123,995 — — 123,995 Payments on senior credit facility — (84,881 ) — — (84,881 ) Payments on real estate mortgages — (212 ) — — (212 ) Payments on capital leases — (64 ) — — (64 ) Dividends paid to stockholder — — 2,706 (2,706 ) — Intercompany transactions — 7,681 (1,489 ) (6,192 ) — Net cash provided by financing activities — 46,519 1,217 (8,898 ) 38,838 Effect of exchange rate changes on cash and cash equivalents (199 ) — (199 ) 199 (199 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 2,624 (7,573 ) — (4,949 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 775 31,127 — 31,902 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,399 $ 23,554 $ — $ 26,953 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS ENDED MAY 2, 2015 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated NET CASH USED IN OPERATING ACTIVITIES: $ (1,639 ) $ (34,209 ) $ (3,820 ) $ — $ (39,668 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (2,969 ) (350 ) — (3,319 ) Purchase of investments — — (2,640 ) — (2,640 ) Proceeds from investments maturities — — 8,580 — 8,580 Proceeds on sale of intangible assets — 2,500 — — 2,500 Intercompany transactions 721 — — (721 ) — Net cash provided by (used in) investing activities 721 (469 ) 5,590 (721 ) 5,121 CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 90,036 — — 90,036 Payments on senior credit facility — (80,366 ) — — (80,366 ) Payments on real estate mortgages — (206 ) — — (206 ) Payments on capital leases — (77 ) — — (77 ) Deferred financing fees — (569 ) — — (569 ) Proceeds from exercise of stock options 114 — — — 114 Tax benefit from exercise of equity instruments 396 — — — 396 Intercompany transactions — (1,002 ) (127 ) 1,129 — Net cash provided by (used in) financing activities 510 7,816 (127 ) 1,129 9,328 Effect of exchange rate changes on cash and cash equivalents 408 — 408 (408 ) 408 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (26,862 ) 2,051 — (24,811 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 30,055 13,492 — 43,547 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,193 $ 15,543 $ — $ 18,736

Recent Accounting Pronounceme40

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other assets	$ 2,848	$ 2,927
Senior subordinated notes payable, net	$ 49,564	49,528
ASU 2015-03 | Restatement Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other assets		(500)
Senior subordinated notes payable, net		$ (500)

Components of Accounts Receivab

Components of Accounts Receivable (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 198,495	$ 152,369
Less: allowances	(24,262)	(20,303)
Total	174,233	132,066
Trade Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	192,668	144,708
Royalties Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	3,986	5,892
Other Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 1,841	$ 1,769

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Inventory [Line Items]
Finished goods	$ 153,581	$ 182,414
Raw materials and in process	92	336
Total	$ 153,673	$ 182,750

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Millions	Apr. 30, 2016USD ($)
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities maturing within one year or less	$ 10.3

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Schedule of Investments [Line Items]
Cost	$ 10,281	$ 9,791
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2)	(9)
Estimated Fair Value	10,279	9,782
Certificates of Deposit
Schedule of Investments [Line Items]
Cost	10,281	9,791
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2)	(9)
Estimated Fair Value	$ 10,279	$ 9,782

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Property, Plant and Equipment [Line Items]
Total	$ 164,003	$ 160,931
Less: accumulated depreciation and amortization	(99,240)	(97,023)
Total	64,763	63,908
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	86,384	84,634
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Total	19,916	19,462
Vehicles
Property, Plant and Equipment [Line Items]
Total	556	523
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total	47,717	46,882
Land
Property, Plant and Equipment [Line Items]
Total	$ 9,430	$ 9,430

Summary of Property and Equipme

Summary of Property and Equipment Includes Assets Held under Capital Leases (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Property, Plant and Equipment [Line Items]
Furniture, fixtures and equipment	$ 810	$ 810
Less: accumulated depreciation and amortization	(249)	(182)
Total	$ 561	$ 628

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense related to property and equipment	$ 3.3	$ 3.3

Other Intangible Assets - Addit

Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015	Jan. 30, 2016
Intangible Assets [Line Items]
Asset sales agreement date	Mar. 19, 2015
Sale of intellectual property, collected during first quarter of fiscal 2016		$ 2,500
Intangible assets amortized estimated useful lives	10 years
Customer Lists
Intangible Assets [Line Items]
Amortization expense	$ 200	200
Trademarks
Intangible Assets [Line Items]
Trademarks included in other intangible assets, net	$ 184,100		$ 184,100
Licensing
Intangible Assets [Line Items]
Gain (loss) on sale of intangible assets		$ (700)

Intangible Assets (Detail)

Intangible Assets (Detail) - Customer Lists - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Customer lists	$ 8,450	$ 8,450
Less: accumulated amortization	(4,894)	(4,677)
Total	$ 3,556	$ 3,773

Schedule of Estimated Amortizat

Schedule of Estimated Amortization Expense for Future Periods (Detail) $ in Thousands	Jan. 30, 2016USD ($)
Finite-Lived Intangible Assets [Line Items]
Estimated amortization expense 2017	$ 868
Estimated amortization expense 2018	835
Estimated amortization expense 2019	793
Estimated amortization expense 2020	734
Estimated amortization expense 2021	$ 543

Letter of Credit Facilities (De

Letter of Credit Facilities (Detail) - Letter of Credit - USD ($)	Apr. 30, 2016	Jan. 30, 2016
Line of Credit Facility [Line Items]
Total letter of credit facilities	$ 30,292,000	$ 30,286,000
Outstanding letters of credit	(11,395,000)	(11,395,000)
Total credit available	$ 18,897,000	$ 18,891,000

Advertising and Related Costs -

Advertising and Related Costs - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Advertising Costs [Line Items]
Advertising and related costs	$ 4.3	$ 3.8

Computation of Basic and Dilute

Computation of Basic and Diluted Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Apr. 30, 2016	May. 02, 2015
Numerator:
Net income		$ 14,250	$ 9,411
Denominator:
Basic-weighted average shares		14,810	14,649
Dilutive effect: equity awards		250	512
Diluted-weighted average shares		15,060	15,161
Basic income per share		$ 0.96	$ 0.64
Diluted income per share		$ 0.95	$ 0.62
Antidilutive effect	[1]	804	479
[1]	Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.

Equity (Detail)

Equity (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Equity [Line Items]
Beginning Balance	$ 291,481	$ 302,017
Comprehensive income	16,075	10,477
Share transactions under employee equity compensation plans	454	895
Ending Balance	$ 308,010	$ 313,389

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (14,508)	$ (12,852)
Other comprehensive income before reclassifications	1,670	931
Amounts reclassified from accumulated other comprehensive income	155	135
Ending Balance	(12,683)	(11,786)
Unrealized (Loss) Gain on Pension Liability
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(7,368)	(8,085)
Amounts reclassified from accumulated other comprehensive income	155	135
Ending Balance	(7,213)	(7,950)
Foreign Currency Translation Adjustments, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(7,131)	(4,774)
Other comprehensive income before reclassifications	1,663	938
Ending Balance	(5,468)	(3,836)
Unrealized Gain (Loss) on Investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(9)	7
Other comprehensive income before reclassifications	7	$ (7)
Ending Balance	$ (2)

Summary of Impact on Condensed

Summary of Impact on Condensed Consolidated Statement of Income Line Items (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ 69,934	$ 69,608
Tax provision	(5,408)	(3,435)
Total, net of tax	155	135
Actuarial gains
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	155	135
Unrealized (Loss) Gain on Pension Liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax provision	0	0
Total, net of tax	$ 155	$ 135

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Apr. 30, 2016	Jan. 31, 2017	Jan. 30, 2016
Income Tax Disclosure [Line Items]
Unrecognized tax benefits			$ 1,100,000
Unrecognized tax benefits, interest and penalties			$ 200,000
Unrecognized tax benefits, increase (decrease)	$ 50,000
Increase (decrease) in interest and penalties	$ 26,000
Scenario, Forecast
Income Tax Disclosure [Line Items]
Valuation allowance		$ 46,200,000
State and Local Jurisdiction | Earliest Tax Year
Income Tax Disclosure [Line Items]
Open tax years	2,005
State and Local Jurisdiction | Latest Tax Year
Income Tax Disclosure [Line Items]
Open tax years	2,017
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	2,016
Internal Revenue Service (IRS) | Tax Year 2011
Income Tax Disclosure [Line Items]
Year selected for income tax examination year	2,011
Internal Revenue Service (IRS) | Tax Year 2012
Income Tax Disclosure [Line Items]
Year selected for income tax examination year	2,012
Internal Revenue Service (IRS) | Tax Year 2013
Income Tax Disclosure [Line Items]
Year selected for income tax examination year	2,013

Stock Options, Stock Apprecia58

Stock Options, Stock Appreciation Rights and Restricted Shares - Additional Information (Detail) $ in Millions	3 Months Ended
	Apr. 30, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock tax withheld	46,000
Number of restricted stock tax withholding value | $	$ 0.9
Subject to Withholding
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock vested	159,862
Performance Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded	184,044
Fair value of stock granted | $	$ 1.9
Awards expected vesting percentage	100.00%
Award vesting date	2019-04
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded	86,173
Fair value of stock granted | $	$ 1.6
Vesting period of awards	3 years

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Apr. 30, 2016Segment
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
		Apr. 30, 2016	May. 02, 2015
Segment Reporting Information [Line Items]
Total revenues		$ 261,294	$ 266,414
Total depreciation and amortization		3,467	3,322
Total operating income (loss)		21,683	16,473
Total interest expense		2,025	3,627
Total net income before income taxes		19,658	12,846
Men's Sportswear and Swim
Segment Reporting Information [Line Items]
Total revenues		197,925	198,453
Total depreciation and amortization		1,897	1,875
Total operating income (loss)		16,942	11,330
Women's Sportswear
Segment Reporting Information [Line Items]
Total revenues		32,489	38,823
Total depreciation and amortization		614	500
Total operating income (loss)		(351)	1,382
Direct-to-Consumer
Segment Reporting Information [Line Items]
Total revenues		20,461	20,981
Total depreciation and amortization		896	904
Total operating income (loss)		(3,372)	(1,866)
Licensing
Segment Reporting Information [Line Items]
Total revenues		10,419	8,157
Total depreciation and amortization		60	43
Total operating income (loss)	[1]	$ 8,464	$ 5,627
[1]	Operating income for the licensing segment for the three months ended May 2, 2015 includes a loss on sale of long-lived assets in the amount of ($0.7) million. See footnote 7 to the unaudited condensed consolidated financial statements for further information.

Revenues Generated by Segment61

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

Components of Net Benefit Cost

Components of Net Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 63	$ 63
Interest cost	124	337
Expected return on plan assets	(87)	(658)
Amortization of net gain	155	135
Net periodic benefit cost (income)	$ 255	$ (123)

Senior Subordinated Notes Pay63

Senior Subordinated Notes Payable - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended
	Apr. 06, 2015	Mar. 31, 2011	Apr. 30, 2016	Jan. 30, 2016
Senior Secured Notes [Line Items]
Senior notes amount outstanding			$ 49,564	$ 49,528
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)
Senior notes amount outstanding			49,600	49,500
Debt issuance cost			$ 400	$ 500
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

Senior Credit Facility - Additi

Senior Credit Facility - Additional Information (Detail) - USD ($)	Apr. 22, 2015	Apr. 30, 2016	Jan. 30, 2016
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		$ 100,900,000	$ 61,800,000
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%

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior subordinated notes payable, net	$ 49,564	$ 49,528
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts of the real estate mortgages	21,900	22,000
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	$ 52,000	$ 49,000
Debt instrument stated interest rate	7.875%	7.875%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Apr. 20, 2016USD ($)
Executive Chairman
Commitments and Contingencies Disclosure [Line Items]
Employment agreement, lump sum / severance payment, payable upon the termination	$ 1,000,000
Vice Chairman of the Board of Directors, Chief Executive Officer and President
Commitments and Contingencies Disclosure [Line Items]
Employment agreement expiration date	Feb. 2, 2019
Minimum | Executive Chairman
Commitments and Contingencies Disclosure [Line Items]
Employment agreements base salaries	$ 750,000
Minimum | Vice Chairman of the Board of Directors, Chief Executive Officer and President
Commitments and Contingencies Disclosure [Line Items]
Employment agreements base salaries	$ 1,350,000

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016	May. 02, 2015	Jan. 31, 2015
Current Assets:
Cash and cash equivalents	$ 26,953	$ 31,902	$ 18,736	$ 43,547
Accounts receivable, net	174,233	132,066
Inventories	153,673	182,750
Investment, at fair value	10,279	9,782
Deferred income taxes		0
Prepaid income taxes		1,818
Prepaid expenses and other current assets	7,707	8,461
Total current assets	372,845	366,779
Property and equipment, net	64,763	63,908
Other intangible assets, net	187,702	187,919
Deferred income taxes	470	442
Other assets	2,848	2,927
TOTAL	628,628	621,975
Current Liabilities:
Accounts payable	51,544	103,684
Accrued expenses and other liabilities	27,036	26,497
Accrued interest payable	601	1,521
Income taxes payable	2,651
Unearned revenues	4,292	4,213
Deferred pension obligation	12,189	12,107
Total current liabilities	98,313	148,022
Senior subordinated notes payable, net	49,564	49,528
Senior credit facility	100,872	61,758
Real estate mortgages	21,112	21,318
Unearned revenues and other long-term liabilities	15,308	14,853
Deferred income taxes	35,449	35,015
Total long-term liabilities	222,305	182,472
Total liabilities	320,618	330,494
Total equity	308,010	291,481	313,389	302,017
TOTAL	628,628	621,975
Parent
Current Assets:
Intercompany receivable, net	82,603	74,091
Deferred income taxes		0
Prepaid income taxes		1,017
Total current assets	82,603	75,108
Investment in subsidiaries	278,966	267,422
TOTAL	361,569	342,530
Current Liabilities:
Accrued interest payable	601	1,521
Income taxes payable	3,394
Total current liabilities	3,995	1,521
Senior subordinated notes payable, net	49,564	49,528
Total long-term liabilities	49,564	49,528
Total liabilities	53,559	51,049
Total equity	308,010	291,481
TOTAL	361,569	342,530
Guarantors
Current Assets:
Cash and cash equivalents	3,399	775	3,193	30,055
Accounts receivable, net	146,714	106,018
Inventories	129,936	155,703
Deferred income taxes		0
Prepaid expenses and other current assets	6,977	7,426
Total current assets	287,026	269,922
Property and equipment, net	61,980	61,260
Other intangible assets, net	155,370	155,587
Other assets	2,043	2,150
TOTAL	506,419	488,919
Current Liabilities:
Accounts payable	46,847	89,961
Accrued expenses and other liabilities	22,275	21,524
Income taxes payable	190	623
Unearned revenues	3,141	2,952
Deferred pension obligation	12,124	12,025
Intercompany payable, net	68,566	60,384
Total current liabilities	153,143	187,469
Senior credit facility	100,872	61,758
Real estate mortgages	21,112	21,318
Unearned revenues and other long-term liabilities	15,073	14,608
Deferred income taxes	33,753	33,319
Total long-term liabilities	170,810	131,003
Total liabilities	323,953	318,472
Total equity	182,466	170,447
TOTAL	506,419	488,919
Non-Guarantors
Current Assets:
Cash and cash equivalents	23,554	31,127	$ 15,543	$ 13,492
Accounts receivable, net	27,519	26,048
Inventories	23,737	27,047
Investment, at fair value	10,279	9,782
Deferred income taxes		0
Prepaid expenses and other current assets	730	1,035
Total current assets	85,819	95,039
Property and equipment, net	2,783	2,648
Other intangible assets, net	32,332	32,332
Deferred income taxes	470	442
Other assets	805	777
TOTAL	122,209	131,238
Current Liabilities:
Accounts payable	4,697	13,723
Accrued expenses and other liabilities	4,761	4,973
Income taxes payable	763	272
Unearned revenues	1,151	1,261
Deferred pension obligation	65	82
Intercompany payable, net	20,116	21,449
Total current liabilities	31,553	41,760
Unearned revenues and other long-term liabilities	235	245
Total long-term liabilities	235	245
Total liabilities	31,788	42,005
Total equity	90,421	89,233
TOTAL	122,209	131,238
Eliminations
Current Assets:
Intercompany receivable, net	(82,603)	(74,091)
Deferred income taxes		0
Prepaid income taxes		801
Total current assets	(82,603)	(73,290)
Investment in subsidiaries	(278,966)	(267,422)
TOTAL	(361,569)	(340,712)
Current Liabilities:
Income taxes payable	(1,696)	(895)
Intercompany payable, net	(88,682)	(81,833)
Total current liabilities	(90,378)	(82,728)
Deferred income taxes	1,696	1,696
Total long-term liabilities	1,696	1,696
Total liabilities	(88,682)	(81,032)
Total equity	(272,887)	(259,680)
TOTAL	$ (361,569)	$ (340,712)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Comprehensive (Loss) Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Revenues:
Net sales	$ 250,875	$ 258,257
Royalty income	10,419	8,157
Total revenues	261,294	266,414
Cost of sales	166,210	176,314
Gross profit	95,084	90,100
Operating expenses:
Selling, general and administrative expenses	69,934	69,608
Depreciation and amortization	3,467	3,322
Total operating expenses	73,401	72,930
Loss on sale of long-lived assets		(697)
Operating income	21,683	16,473
Interest expense	2,025	3,627
Net income before income taxes	19,658	12,846
Income tax provision	5,408	3,435
Net income	14,250	9,411
Other comprehensive income	1,825	1,066
Comprehensive income	16,075	10,477
Parent
Operating expenses:
Equity in earnings of subsidiaries, net	14,250	9,411
Net income	14,250	9,411
Other comprehensive income	1,825	1,066
Comprehensive income	16,075	10,477
Guarantors
Revenues:
Net sales	224,905	232,279
Royalty income	7,214	4,912
Total revenues	232,119	237,191
Cost of sales	148,976	160,251
Gross profit	83,143	76,940
Operating expenses:
Selling, general and administrative expenses	61,433	59,845
Depreciation and amortization	3,191	3,024
Total operating expenses	64,624	62,869
Loss on sale of long-lived assets		(697)
Operating income	18,519	13,374
Interest expense	2,034	3,567
Net income before income taxes	16,485	9,807
Income tax provision	4,466	3,081
Net income	12,019	6,726
Other comprehensive income	155	135
Comprehensive income	12,174	6,861
Non-Guarantors
Revenues:
Net sales	25,970	25,978
Royalty income	3,205	3,245
Total revenues	29,175	29,223
Cost of sales	17,234	16,063
Gross profit	11,941	13,160
Operating expenses:
Selling, general and administrative expenses	8,501	9,763
Depreciation and amortization	276	298
Total operating expenses	8,777	10,061
Operating income	3,164	3,099
Interest expense	(9)	60
Net income before income taxes	3,173	3,039
Income tax provision	942	354
Net income	2,231	2,685
Other comprehensive income	1,670	931
Comprehensive income	3,901	3,616
Eliminations
Operating expenses:
Equity in earnings of subsidiaries, net	(14,250)	(9,411)
Net income	(14,250)	(9,411)
Other comprehensive income	(1,825)	(1,066)
Comprehensive income	$ (16,075)	$ (10,477)

Condensed Consolidating State69

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	$ (39,000)	$ (39,668)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(4,098)	(3,319)
Purchase of investments	(2,455)	(2,640)
Proceeds from investments maturities	1,965	8,580
Proceeds on sale of intangible assets		2,500
Net cash provided by (used in) investing activities	(4,588)	5,121
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	123,995	90,036
Payments on senior credit facility	(84,881)	(80,366)
Payments on real estate mortgages	(212)	(206)
Payments on capital leases	(64)	(77)
Deferred financing fees		(569)
Proceeds from exercise of stock options		114
Tax benefit from exercise of equity instruments		396
Net cash provided by (used in) financing activities	38,838	9,328
Effect of exchange rate changes on cash and cash equivalents	(199)	408
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(4,949)	(24,811)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	31,902	43,547
CASH AND CASH EQUIVALENTS AT END OF PERIOD	26,953	18,736
Parent
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	6,192	(1,639)
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions	(5,993)	721
Net cash provided by (used in) investing activities	(5,993)	721
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options		114
Tax benefit from exercise of equity instruments		396
Net cash provided by (used in) financing activities		510
Effect of exchange rate changes on cash and cash equivalents	(199)	408
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	(40,153)	(34,209)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(3,742)	(2,969)
Proceeds on sale of intangible assets		2,500
Net cash provided by (used in) investing activities	(3,742)	(469)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	123,995	90,036
Payments on senior credit facility	(84,881)	(80,366)
Payments on real estate mortgages	(212)	(206)
Payments on capital leases	(64)	(77)
Deferred financing fees		(569)
Intercompany transactions	7,681	(1,002)
Net cash provided by (used in) financing activities	46,519	7,816
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	2,624	(26,862)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	775	30,055
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3,399	3,193
Non-Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	(7,745)	(3,820)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(356)	(350)
Purchase of investments	(2,455)	(2,640)
Proceeds from investments maturities	1,965	8,580
Net cash provided by (used in) investing activities	(846)	5,590
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid to stockholder	2,706
Intercompany transactions	(1,489)	(127)
Net cash provided by (used in) financing activities	1,217	(127)
Effect of exchange rate changes on cash and cash equivalents	(199)	408
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(7,573)	2,051
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	31,127	13,492
CASH AND CASH EQUIVALENTS AT END OF PERIOD	23,554	15,543
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	2,706
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions	5,993	(721)
Net cash provided by (used in) investing activities	5,993	(721)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid to stockholder	(2,706)
Intercompany transactions	(6,192)	1,129
Net cash provided by (used in) financing activities	(8,898)	1,129
Effect of exchange rate changes on cash and cash equivalents	$ 199	$ (408)