Perry Ellis International (PERY) 10-Q 6 Dec 16 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 29, 2016	Nov. 30, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 29, 2016
Document Fiscal Year Focus	2,017
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		15,498,000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016
Current Assets:
Cash and cash equivalents	$ 29,824	$ 31,902
Investments, at fair value	12,915	9,782
Accounts receivable, net	128,782	132,066
Inventories	112,266	182,750
Prepaid income taxes	1,788	1,818
Prepaid expenses and other current assets	8,217	8,461
Total current assets	293,792	366,779
Property and equipment, net	63,682	63,908
Other intangible assets, net	187,268	187,919
Deferred income tax	441	442
Other assets	2,355	2,927
TOTAL	547,538	621,975
Current Liabilities:
Accounts payable	43,786	103,684
Accrued expenses and other liabilities	25,577	26,497
Accrued interest payable	528	1,521
Unearned revenues	3,494	4,213
Deferred pension obligation	6,904	12,107
Total current liabilities	80,289	148,022
Senior subordinated notes payable, net	49,637	49,528
Senior credit facility	37,837	61,758
Real estate mortgages	20,668	21,318
Unearned revenues and other long-term liabilities	18,917	14,853
Deferred income taxes	36,235	35,015
Total long-term liabilities	163,294	182,472
Total liabilities	243,583	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; 15,610,661 shares issued and outstanding as of October 29, 2016 and 15,409,310 shares issued and outstanding as of January 30, 2016	156	154
Additional paid-in-capital	148,186	144,025
Retained earnings	167,330	161,810
Accumulated other comprehensive loss	(9,566)	(14,508)
Total	306,106	291,481
Treasury stock at cost; 113,935 shares as of October 29, 2016 and no shares as of January 30, 2016	(2,151)
Total equity	303,955	291,481
TOTAL	$ 547,538	$ 621,975

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 29, 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	15,610,661	15,409,310
Common stock, shares outstanding	15,610,661	15,409,310
Treasury stock, shares	113,935	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Revenues:
Net sales	$ 185,298	$ 196,447	$ 629,514	$ 659,342
Royalty income	8,661	8,992	27,392	25,810
Total revenues	193,959	205,439	656,906	685,152
Cost of sales	122,856	132,144	416,888	445,815
Gross profit	71,103	73,295	240,018	239,337
Operating expenses:
Selling, general and administrative expenses	72,846	64,869	215,434	202,731
Depreciation and amortization	3,534	3,383	10,717	10,151
Total operating expenses	76,380	68,252	226,151	212,882
Loss on sale of long-lived assets				(697)
Operating (loss) income	(5,277)	5,043	13,867	25,758
Costs of early extinguishment of debt				5,121
Interest expense	1,738	1,853	5,652	7,423
Net (loss) income before income taxes	(7,015)	3,190	8,215	13,214
Income tax (benefit) provision	(1,850)	917	2,695	2,811
Net (loss) income	$ (5,165)	$ 2,273	$ 5,520	$ 10,403
Net (loss) income per share:
Basic	$ (0.34)	$ 0.15	$ 0.37	$ 0.70
Diluted	$ (0.34)	$ 0.15	$ 0.36	$ 0.68
Weighted average number of shares outstanding
Basic	14,991	15,148	14,920	14,948
Diluted	14,991	15,465	15,169	15,344

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Net income (loss)	$ (5,165)	$ 2,273	$ 5,520	$ 10,403
Other Comprehensive income (loss):
Foreign currency translation adjustments, net	(2,342)	(609)	(3,772)	482
Unrealized gain on pension liability, net of tax	8,142	135	8,452	405
Unrealized gain on forward contract	255		255
Unrealized gain (loss) on investments	(10)	(1)	7	(8)
Total other comprehensive income (loss)	6,045	(475)	4,942	879
Comprehensive income	$ 880	$ 1,798	$ 10,462	$ 11,282

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,520	$ 10,403
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,013	10,632
Provision for bad debts	680	435
Amortization of debt issue cost	309	369
Amortization of premiums and discounts	42	124
Amortization of unrealized loss on pension liability	465	405
Pension settlement charge	8,300
Costs on early extinguishment of debt		1,158
Deferred income taxes	1,221	2,614
Share-based compensation	5,104	3,641
Loss (gain) on sale of long-lived assets		697
Changes in operating assets and liabilities, net of acquisitions
Accounts receivable, net	506	6,507
Inventories	69,012	38,380
Prepaid income taxes	17	3,606
Prepaid expenses and other current assets	402	(762)
Other assets	121	111
Deferred pension obligation	(5,516)	(416)
Accounts payable and accrued expenses	(62,602)	(54,759)
Accrued interest payable	(993)	(3,509)
Unearned revenues and other liabilities	3,640	(998)
Net cash provided by operating activities	37,241	18,638
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(9,334)	(9,837)
Purchases of investments	(12,467)	(8,230)
Proceeds from investment maturities	9,341	17,845
Proceeds on sale of intangible assets		2,500
Proceeds from note receivable	250	250
Net cash (used in) provided by investing activities	(12,210)	2,528
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	250,012	330,644
Payments on senior credit facility	(273,933)	(270,023)
Payments on senior subordinated notes		(100,000)
Purchase of treasury stock	(2,151)
Payments on real estate mortgages	(634)	(615)
Payments on capital leases	(196)	(137)
Deferred financing fees		(574)
Proceeds from exercise of stock options	5	1,408
Net cash used in financing activities	(26,897)	(39,297)
Effect of exchange rate changes on cash and cash equivalents	(212)	600
NET DECREASE IN CASH AND CASH EQUIVALENTS	(2,078)	(17,531)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	31,902	43,547
CASH AND CASH EQUIVALENTS AT END OF PERIOD	29,824	26,016
Cash paid during the period for:
Interest	6,294	10,439
Income taxes	904	507
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Accrued purchases of property and equipment	$ 1,172	$ 1,684

GENERAL

GENERAL	9 Months Ended
	Oct. 29, 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. The 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	9 Months Ended
	Oct. 29, 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”, In May 2016, the FASB issued ASU No. 2016-12, “ Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients “Revenue from Contracts with Customers”. In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force),” In October 2016, the FASB issued ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory,”

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	9 Months Ended
	Oct. 29, 2016
ACCOUNTS RECEIVABLE	3. ACCOUNTS RECEIVABLE Accounts receivable consisted of the following as of: October 29, January 30, 2016 2016 (in thousands) Trade accounts $ 143,033 $ 144,708 Royalties 5,220 5,892 Other receivables 812 1,769 Total 149,065 152,369 Less: allowances (20,283 ) (20,303 ) Total $ 128,782 $ 132,066

INVENTORIES

INVENTORIES	9 Months Ended
	Oct. 29, 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: October 29, January 30, 2016 2016 (in thousands) Finished goods $ 112,266 $ 182,414 Raw materials and in process — 336 Total $ 112,266 $ 182,750

INVESTMENTS

INVESTMENTS	9 Months Ended
	Oct. 29, 2016
INVESTMENTS	5. INVESTMENTS The Company’s investments include marketable securities and certificates of deposit at October 29, 2016 and January 30, 2016. 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 $9.7 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 29, 2016: Gross Gross Estimated Cost Unrealized Gains Unrealized Losses Fair Value (in thousands) Marketable securities $ 3,262 $ 4 $ — $ 3,266 Certificates of deposit 9,655 — (6 ) 9,649 Total investments $ 12,917 $ 4 $ (6 ) $ 12,915 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 $ — $ (9 ) $ 9,782 Total investments $ 9,791 $ — $ (9 ) $ 9,782

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Oct. 29, 2016
PROPERTY AND EQUIPMENT	6. PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of: October 29, January 30, 2016 2016 (in thousands) Furniture, fixtures and equipment $ 90,141 $ 84,634 Buildings and building improvements 20,660 19,462 Vehicles 523 523 Leasehold improvements 48,329 46,882 Land 9,430 9,430 Total 169,083 160,931 Less: accumulated depreciation and amortization (105,401 ) (97,023 ) Total $ 63,682 $ 63,908 The above table of property and equipment includes assets held under capital leases as of: October 29, January 30, 2016 2016 (in thousands) Furniture, fixtures and equipment $ 810 $ 810 Less: accumulated depreciation and amortization (384 ) (182 ) Total $ 426 $ 628 For the three months ended October 29, 2016 and October 31, 2015, depreciation and amortization expense relating to property and equipment amounted to $3.5 million and $3.4 million, respectively. For the nine months ended October 29, 2016 and October 31, 2015, depreciation and amortization expense relating to property and equipment amounted to $10.4 million and $10.0 million, respectively. These amounts include amortization expense for leased property under capital leases.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	9 Months Ended
	Oct. 29, 2016
OTHER INTANGIBLE ASSETS	7. OTHER INTANGIBLE ASSETS Trademarks Trademarks included in other intangible assets, net, are considered indefinite-lived intangible assets and totaled $184.1 at October 29, 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 as of: October 29, January 30, 2016 2016 (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (5,328 ) (4,677 ) Total $ 3,122 $ 3,773 For the three months ended October 29, 2016 and October 31, 2015, amortization expense relating to customer lists amounted to $0.3 million for each of the periods. For the nine months ended October 29, 2016 and October 31, 2015, amortization expense relating to customer lists amounted to $0.7 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	9 Months Ended
	Oct. 29, 2016
LETTER OF CREDIT FACILITIES	8. LETTER OF CREDIT FACILITIES Borrowings and availability under letter of credit facilities consisted of the following as of: October 29, January 30, 2016 2016 (in thousands) Total letter of credit facilities $ 30,000 $ 30,286 Outstanding letters of credit (10,788 ) (11,395 ) Total credit available $ 19,212 $ 18,891 During the third quarter of fiscal 2017, one letter of credit facility totaling $0.3 million, utilized by the Company’s United Kingdom subsidiary, expired and has not been renewed.

ADVERTISING AND RELATED COSTS

ADVERTISING AND RELATED COSTS	9 Months Ended
	Oct. 29, 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 $4.2 million and $4.1 million for the three months ended October 29, 2016 and October 31, 2015, respectively, and $12.2 million and $11.1 million for the nine months ended October 29, 2016 and October 31, 2015, respectively, and are included in selling, general and administrative expenses.

NET (LOSS) INCOME PER SHARE

NET (LOSS) INCOME PER SHARE	9 Months Ended
	Oct. 29, 2016
NET (LOSS) INCOME PER SHARE	10. NET (LOSS) INCOME PER SHARE Basic net (loss) income per share is computed by dividing net (loss) 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 (loss) income per share: Three Months Ended Nine Months Ended October 29, October 31, October 29, October 31, 2016 2015 2016 2015 (in thousands, except per share data) Numerator: Net (loss) income $ (5,165 ) $ 2,273 $ 5,520 $ 10,403 Denominator: Basic-weighted average shares 14,991 15,148 14,920 14,948 Dilutive effect: equity awards — 317 249 396 Diluted-weighted average shares 14,991 15,465 15,169 15,344 Basic (loss) income per share $ (0.34 ) $ 0.15 $ 0.37 $ 0.70 Diluted (loss) income per share $ (0.34 ) $ 0.15 $ 0.36 $ 0.68 Antidilutive effect: (1) 1,015 530 532 693 (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. 29, 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 10,462 Share transactions under employee equity compensation plans 4,163 Purchase of treasury stock (2,151 ) Equity at October 29, 2016 $ 303,955 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 During the third quarter of fiscal 2017, the Board of Directors extended the stock repurchase program to authorize the Company to purchase, from time to time and as market and business conditions warranted, up to $70 million of the Company’s common stock for cash in the open market or in privately negotiated transactions through October 31, 2017. Although the Board of Directors allocated a maximum of $70 million to carry out the program, the Company is not obligated to purchase any specific number of outstanding shares and will reevaluate the program on an ongoing basis. Total purchases under the plan life-to-date amount to $60.8 million. During the third quarter of fiscal 2017, the Company repurchased shares of its common stock at a cost of $2.2 million. There were no treasury shares outstanding as of January 30, 2016. During the second quarter of fiscal 2016, the Company retired 770,753 shares of treasury stock recorded at a cost of approximately $15.7 million. Accordingly, during the second quarter of fiscal 2016, the Company reduced common stock and additional paid in capital by $7,000 and $15.7 million, respectively.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Oct. 29, 2016
ACCUMULATED OTHER COMPREHENSIVE LOSS	12. ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss by component, net of tax, are as follows: Unrealized Foreign Unrealized Unrealized (Loss) Gain on Currency Translation (Loss) Gain on Gain on Pension Liability Adjustments, Net Investments Forward Contract Total (in thousands) Balance, January 30, 2016 $ (7,368 ) $ (7,131 ) $ (9 ) $ — $ (14,508 ) Other comprehensive loss (income) before reclassifications (313 ) (3,772 ) 7 255 (3,823 ) Amounts reclassified from accumulated other comprehensive loss 8,765 — — — 8,765 Balance, October 29, 2016 $ 1,084 $ (10,903 ) $ (2 ) $ 255 $ (9,566 ) 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 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 29, 2016 October 31, 2015 (in thousands) Amortization of defined benefit pension items Actuarial loss $ 8,455 $ 135 Selling, general and administrative expenses Tax provision — — Income tax provision Total, net of tax $ 8,455 $ 135 Nine Months Ended October 29, 2016 October 31, 2015 (in thousands) Amortization of defined benefit pension items Actuarial loss $ 8,765 $ 405 Selling, general and administrative expenses Tax provision — — Income tax provision Total, net of tax $ 8,765 $ 405

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENT	9 Months Ended
	Oct. 29, 2016
DERIVATIVE FINANCIAL INSTRUMENT	13. DERIVATIVE FINANCIAL INSTRUMENT Cash Flow Hedges The Company has a risk management policy to manage foreign currency risk relating to inventory purchases by its subsidiaries that are denominated in foreign currencies. As such, the Company may employ hedging and derivative strategies to limit the effects of changes in foreign currency on its operating income and cash flows. The financial impact of these hedging instruments is primarily offset by corresponding changes in the underlying exposures being hedged. The Company achieves this by closely matching the notional amount, term and conditions of the derivative instrument with the underlying risk being hedged. The Company does not use derivative instruments for trading or speculative purposes. For derivatives that will be accounted for as hedging instruments, the Company formally designates and documents at inception the financial instrument as a hedge of a specific underlying exposure, the risk management objective and the strategy for undertaking the hedge transaction. In addition, the Company will formally assess at least quarterly whether the financial instruments used in hedging are “highly effective” at offsetting changes in cash flows of the related underlying exposures. For purposes of assessing hedge effectiveness, the Company uses the forward method, and assesses effectiveness based on the changes in both spot and forward points of the hedging instrument. If and when a derivative is no longer expected to be “highly effective,” hedge accounting is discontinued and hedge ineffectiveness, if any, is included in current period earnings. As of October 29, 2016, there was no hedge ineffectiveness. The Company’s United Kingdom subsidiary is exposed to foreign currency risk from inventory purchases. In order to mitigate the financial risk of settlement of inventory at various prices based on movement of the U.S. dollar against the British pound, the Company entered into foreign currency forward exchange contracts (the “Hedging Instruments”) in October 2016. These are formally designated and “highly effective” as cash flow hedges. The Company will hedge approximately 45% of its U.S. dollar denominated purchases. All changes in the Hedging Instruments’ fair value associated with inventory purchases are recorded in equity as a component of accumulated other comprehensive income until the underlying hedged item is reclassified to earnings. The Company records the foreign currency forward exchange contracts at fair value in its Consolidated Balance Sheets. The cash flows from derivative instruments that are designated as cash flow hedges are classified in the same category as the cash flows from the underlying hedged items. In the event that hedge accounting is discontinued, cash flows subsequent to the date of discontinuance are classified within investing activities. The Company considers the classification of the underlying hedged item’s cash flows in determining the classification for the designated derivative instrument’s cash flows. The Company classifies derivative instrument cash flows from hedges of foreign currency risk on the settlement of inventory as operating activities. The Company’s Hedging Instruments were classified within Level 2 of the fair value hierarchy. The following table summarizes the fair value and balance sheet classification of the Company’s Hedging Instruments. October 29, January 30, Derivatives Designated As Hedging Instruments Balance sheet location 2016 2016 (in thousands) Foreign currency forward exchange contract (inventory purchases) Other Current Assets $ 255 $ — Total $ 255 $ — At October 29, 2016, the notional amount outstanding of foreign exchange forward contracts is $5.7 million. Such contracts expire between October 2016 and March 2017. There were no outstanding Hedging Instruments at January 30, 2016. At October 29, 2016, accumulated other comprehensive income included a $255 thousand net deferred gain for Hedging Instruments that are expected to be reclassed during the next 12 months. The net deferred gain will be reclassified from accumulated other comprehensive income to costs of goods sold when the inventory is sold. No gains or losses relating to Hedging Instruments were reclassified to earnings during any of the fiscal periods presented.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Oct. 29, 2016
INCOME TAXES	14. 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 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 limitations. As of October 29, 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 and nine months ended October 29, 2016, the total amount of unrecognized tax benefits decreased by approximately $13,000 and increased by $75,000, respectively. The change to the total amount of the unrecognized tax benefit for the three and nine months ended October 29, 2016 included a decrease in interest and penalties of approximately $11,000 and an increase of $30,000, respectively. The Company does not currently anticipate a resolution within the next twelve months for any of the remaining unrecognized tax benefits as of October 29, 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. During the three months ended October 29, 2016, the Company received a Notice of Proposed Adjustment from the Internal Revenue Service which proposed adjustments to taxable income for fiscal 2011, 2012 and 2013 of $6.1 million, $5.3 million and $6.8 million respectively. The Company has not established uncertain tax position reserves related to this matter as the Company believes its positions are highly certain to be sustained upon appeal or, if necessary, through litigation. 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 carryforwards and the U.S. state net operating loss carryforwards, utilization of which are not restricted by factors beyond the Company’s control. The establishment of valuation allowances and the developments 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 through the nine months ended October 29, 2016, by itself that does not represent sufficient positive evidence that its 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	9 Months Ended
	Oct. 29, 2016
STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES	15. STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES During the first, second and third quarters of fiscal 2017, the Company granted an aggregate of 86,173, 14,914 and 3,000 shares of restricted stock to certain key employees, which vest primarily over a three-year period, at an estimated value of $1.6 million, $0.3 million and $0.06 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 2017, the Company awarded to six directors an aggregate of 31,902 shares of restricted stock. The restricted stock awarded vests primarily over a one-year period, at an estimated value of $0.7 million. This value is being recorded as compensation expense on a straight-line basis over the vesting period of the restricted stock. During the first quarter of fiscal 2017, 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 that the Company has met certain performance criteria. A total of 184,004 shares of performance-based restricted stock were issued at an estimated value of $3.5 million. During the first and second quarters of fiscal 2017, a total of 159,862 and 11,343 shares of restricted stock vested, of which 46,000 and 3,105 shares were withheld to cover the employees’ statutory income tax requirements. The estimated value of the withheld shares was $880,000 and $60,000, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Oct. 29, 2016
SEGMENT INFORMATION	16. 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 and John Henry. The Company allocates certain corporate selling, general and administrative expenses based primarily on the revenues generated by the segments. Three Months Ended Nine Months Ended October 29, October 31, October 29, October 31, 2016 2015 2016 2015 (in thousands) Revenues: Men’s Sportswear and Swim $ 135,717 $ 141,512 $ 478,790 $ 490,453 Women’s Sportswear 28,676 33,421 85,301 102,126 Direct-to-Consumer 20,905 21,514 65,423 66,763 Licensing 8,661 8,992 27,392 25,810 Total revenues $ 193,959 $ 205,439 $ 656,906 $ 685,152 Depreciation and amortization: Men’s Sportswear and Swim $ 1,814 $ 1,771 $ 5,717 $ 5,509 Women’s Sportswear 729 589 2,107 1,655 Direct-to-Consumer 932 976 2,717 2,851 Licensing 59 47 176 136 Total depreciation and amortization $ 3,534 $ 3,383 $ 10,717 $ 10,151 Operating (loss) income: Men’s Sportswear and Swim (1) $ (7,683 ) $ 2,392 $ 6,834 $ 14,544 Women’s Sportswear (1,289 ) (109 ) (4,746 ) 222 Direct-to-Consumer (3,370 ) (4,038 ) (9,675 ) (8,051 ) Licensing (2) 7,065 6,798 21,454 19,043 Total operating (loss) income $ (5,277 ) $ 5,043 $ 13,867 $ 25,758 Costs on early extinguishment of debt — — — 5,121 Total interest expense 1,738 1,853 5,652 7,423 Total net (loss) income before income taxes $ (7,015 ) $ 3,190 $ 8,215 $ 13,214 (1) Operating (loss) income for the Men’s Sportswear and Swim segment for the three and nine months ended October 29, 2016, includes a settlement charge related to the pension plan in the amount of $8.3 million. See footnote 17 to the consolidated financial statements for further information. (2) 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. See footnote 7 to the consolidated financial statements for further information.

BENEFIT PLAN

BENEFIT PLAN	9 Months Ended
	Oct. 29, 2016
BENEFIT PLAN	17. 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 2017 and 2016: Three Months Ended Nine Months Ended October 29, October 31, October 29, October 31, 2016 2015 2016 2015 (in thousands) Service cost $ 63 $ 63 $ 189 $ 189 Interest cost 124 337 372 1,011 Expected return on plan assets (87 ) (658 ) (261 ) (1,974 ) Settlement 8,300 — 8,300 — Amortization of net loss 155 135 465 405 Net periodic benefit cost $ 8,555 $ (123 ) $ 9,065 $ (369 ) Settlement accounting, which accelerates recognition of a plan’s unrecognized net gain or loss, is triggered if the lump sums paid during a year exceed the sum of the plan’s service and interest cost. Since the lump sums paid or expected to be paid in Fiscal 2017 exceed that threshold, the Company recognized a settlement charge of $8.3 million in anticipation of the plan’s termination in fiscal 2017.

SENIOR SUBORDINATED NOTES PAYAB

SENIOR SUBORDINATED NOTES PAYABLE	9 Months Ended
	Oct. 29, 2016
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 7 8 7 8 Certain Covenants.

SENIOR CREDIT FACILITY

SENIOR CREDIT FACILITY	9 Months Ended
	Oct. 29, 2016
SENIOR CREDIT FACILITY	19. 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 29, 2016, The Company had outstanding borrowings of $37.8 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	9 Months Ended
	Oct. 29, 2016
FAIR VALUE MEASUREMENTS	20. FAIR VALUE MEASUREMENTS Accounts receivable, accounts payable, accrued interest payable and accrued expenses Investments. Real estate mortgages. Senior credit facility. Senior subordinated notes payable 7 8 7 8 See footnote 13 to the consolidated financial statements for disclosure of the fair value and line item caption of derivative instruments recorded in the consolidated balance sheets. 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. 29, 2016
COMMITMENTS AND CONTINGENCIES	21. 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 Mr. Feldenkreis’ 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. In connection with the terms of this new employment agreement, the Company accelerated the expense recognition related to Mr. Feldenkreis’ outstanding cash incentive and stock based compensation awards. The impact of the acceleration was a $4.2 million charge during the second quarter of fiscal 2017 to selling, general and administrative expenses. 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	9 Months Ended
	Oct. 29, 2016
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	22. 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 29, 2016 and January 30, 2016 and for the three and nine months ended October 29, 2016 and October 31, 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 OCTOBER 29, 2016 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 4,239 $ 25,585 $ — $ 29,824 Investment, at fair value — — 12,915 — 12,915 Accounts receivable, net — 104,580 24,202 — 128,782 Intercompany receivable, net 82,241 — — (82,241 ) — Inventories — 96,480 15,786 — 112,266 Prepaid income taxes 1,643 — — 145 1,788 Prepaid expenses and other current assets — 7,219 998 — 8,217 Total current assets 83,884 212,518 79,486 (82,096 ) 293,792 Property and equipment, net — 61,425 2,257 — 63,682 Other intangible assets, net — 154,936 32,332 — 187,268 Deferred income taxes — — 441 — 441 Investment in subsidiaries 270,236 — — (270,236 ) — Other assets — 1,879 476 — 2,355 TOTAL $ 354,120 $ 430,758 $ 114,992 $ (352,332 ) $ 547,538 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 39,330 $ 4,456 $ — $ 43,786 Accrued expenses and other liabilities — 20,804 4,773 — 25,577 Accrued interest payable 528 — — — 528 Income taxes payable — 623 928 (1,551 ) — Unearned revenues — 2,835 659 — 3,494 Deferred pension obligation — 6,863 41 — 6,904 Intercompany payable, net — 75,929 17,826 (93,755 ) — Total current liabilities 528 146,384 28,683 (95,306 ) 80,289 Senior subordinated notes payable, net 49,637 — — — 49,637 Senior credit facility — 37,837 — — 37,837 Real estate mortgages — 20,668 — — 20,668 Unearned revenues and other long-term liabilities — 18,728 189 — 18,917 Deferred income taxes — 34,539 — 1,696 36,235 Total long-term liabilities 49,637 111,772 189 1,696 163,294 Total liabilities 50,165 258,156 28,872 (93,610 ) 243,583 Total equity 303,955 172,602 86,120 (258,722 ) 303,955 TOTAL $ 354,120 $ 430,758 $ 114,992 $ (352,332 ) $ 547,538 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 Investment, at fair value — — 9,782 — 9,782 Accounts receivable, net — 106,018 26,048 — 132,066 Intercompany receivable, net 74,091 — — (74,091 ) — Inventories — 155,703 27,047 — 182,750 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 (LOSS) (UNAUDITED) FOR THE THREE MONTHS ENDED OCTOBER 29, 2016 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 162,185 $ 23,113 $ — $ 185,298 Royalty income — 5,230 3,431 — 8,661 Total revenues — 167,415 26,544 — 193,959 Cost of sales — 107,489 15,367 — 122,856 Gross profit — 59,926 11,177 — 71,103 Operating expenses: Selling, general and administrative expenses — 63,475 9,371 — 72,846 Depreciation and amortization — 3,220 314 — 3,534 Total operating expenses — 66,695 9,685 — 76,380 Operating (loss) income — (6,769 ) 1,492 — (5,277 ) Interest expense (income) — 1,756 (18 ) — 1,738 Net (loss) income before income taxes — (8,525 ) 1,510 — (7,015 ) Income tax (benefit) provision — (2,189 ) 339 — (1,850 ) Equity in earnings of subsidiaries, net (5,165 ) — — 5,165 — Net (loss) income (5,165 ) (6,336 ) 1,171 5,165 (5,165 ) Other comprehensive income (loss) 6,045 8,142 (2,097 ) (6,045 ) 6,045 Comprehensive income (loss) $ 880 $ 1,806 $ (926 ) $ (880 ) $ 880 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 — 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 INCOME (LOSS) (UNAUDITED) FOR THE NINE MONTHS ENDED OCTOBER 29, 2016 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 556,327 $ 73,187 $ — $ 629,514 Royalty income — 17,505 9,887 — 27,392 Total revenues — 573,832 83,074 — 656,906 Cost of sales — 368,194 48,694 — 416,888 Gross profit — 205,638 34,380 — 240,018 Operating expenses: Selling, general and administrative expenses — 187,269 28,165 — 215,434 Depreciation and amortization — 9,687 1,030 — 10,717 Total operating expenses — 196,956 29,195 — 226,151 Operating income — 8,682 5,185 — 13,867 Interest expense (income) — 5,691 (39 ) — 5,652 Net income before income taxes — 2,991 5,224 — 8,215 Income tax provision — 836 1,859 — 2,695 Equity in earnings of subsidiaries, net 5,520 — — (5,520 ) — Net income 5,520 2,155 3,365 (5,520 ) 5,520 Other comprehensive income (loss) 4,942 8,452 (3,510 ) (4,942 ) 4,942 Comprehensive income (loss) $ 10,462 $ 10,607 $ (145 ) $ (10,462 ) $ 10,462 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 CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED OCTOBER 29, 2016 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH PROVIDED BY OPERATING ACTIVITIES: $ 1,155 $ 32,968 $ 5,824 $ (2,706 ) $ 37,241 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (8,292 ) (1,042 ) — (9,334 ) Purchase of investments — — (12,467 ) — (12,467 ) Proceeds from investment maturities — — 9,341 — 9,341 Proceeds from note receivable — — 250 — 250 Intercompany transactions 1,203 — — (1,203 ) — Net cash provided by (used in) investing activities 1,203 (8,292 ) (3,918 ) (1,203 ) (12,210 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 250,012 — — 250,012 Payments on senior credit facility — (273,933 ) — — (273,933 ) Payments on real estate mortgages — (634 ) — — (634 ) Payments on capital leases — (196 ) — — (196 ) Dividends paid to stockholder — — (2,706 ) 2,706 — Purchase of treasury stock (2,151 ) — — — (2,151 ) Proceeds from exercise of stock options 5 — — — 5 Intercompany transactions — 3,539 (4,530 ) 991 — Net cash used in financing activities (2,146 ) (21,212 ) (7,236 ) 3,697 (26,897 ) Effect of exchange rate changes on cash and cash equivalents (212 ) — (212 ) 212 (212 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 3,464 (5,542 ) — (2,078 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 775 31,127 — 31,902 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 4,239 $ 25,585 $ — $ 29,824 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

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Oct. 29, 2016
SUBSEQUENT EVENTS	23. SUBSEQUENT EVENTS In November 2016, the Company paid off its then existing real estate mortgage loan and refinanced its main administrative office, warehouse and distribution facility in Miami with a $21.7 million mortgage loan. The loan is due on November 22, 2026. The interest rate is 3.715% per annum. Monthly payments of principal and interest approximate $112,000, based on a 25-year amortization with the outstanding principal due at maturity. In November 2016, the Company refinanced its Tampa facility with a $13.2 million mortgage loan. The loan is due on November 22, 2026. The interest rate is 3.715% per annum. Monthly payments of principal and interest approximate $68,000, based on a 25-year amortization with the outstanding principal due at maturity. Additionally, the Company may use some of the excess funds generated from the mortgage loans described above to pay down the senior credit facility and repurchase certain of its outstanding senior subordinated notes.

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	9 Months Ended
	Oct. 29, 2016
Components of Accounts Receivable	Accounts receivable consisted of the following as of: October 29, January 30, 2016 2016 (in thousands) Trade accounts $ 143,033 $ 144,708 Royalties 5,220 5,892 Other receivables 812 1,769 Total 149,065 152,369 Less: allowances (20,283 ) (20,303 ) Total $ 128,782 $ 132,066

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Oct. 29, 2016
Summary of Inventories	Inventories consisted of the following as of: October 29, January 30, 2016 2016 (in thousands) Finished goods $ 112,266 $ 182,414 Raw materials and in process — 336 Total $ 112,266 $ 182,750

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Oct. 29, 2016
Investments	Investments consisted of the following as of October 29, 2016: Gross Gross Estimated Cost Unrealized Gains Unrealized Losses Fair Value (in thousands) Marketable securities $ 3,262 $ 4 $ — $ 3,266 Certificates of deposit 9,655 — (6 ) 9,649 Total investments $ 12,917 $ 4 $ (6 ) $ 12,915 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 $ — $ (9 ) $ 9,782 Total investments $ 9,791 $ — $ (9 ) $ 9,782

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Oct. 29, 2016
Summary of Property and Equipment	Property and equipment consisted of the following as of: October 29, January 30, 2016 2016 (in thousands) Furniture, fixtures and equipment $ 90,141 $ 84,634 Buildings and building improvements 20,660 19,462 Vehicles 523 523 Leasehold improvements 48,329 46,882 Land 9,430 9,430 Total 169,083 160,931 Less: accumulated depreciation and amortization (105,401 ) (97,023 ) Total $ 63,682 $ 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: October 29, January 30, 2016 2016 (in thousands) Furniture, fixtures and equipment $ 810 $ 810 Less: accumulated depreciation and amortization (384 ) (182 ) Total $ 426 $ 628

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Oct. 29, 2016
Summary of Other Intangible Assets	Other intangible assets represent as of: October 29, January 30, 2016 2016 (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (5,328 ) (4,677 ) Total $ 3,122 $ 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)	9 Months Ended
	Oct. 29, 2016
Borrowings and Availability under Letter of Credit Facilities	Borrowings and availability under letter of credit facilities consisted of the following as of: October 29, January 30, 2016 2016 (in thousands) Total letter of credit facilities $ 30,000 $ 30,286 Outstanding letters of credit (10,788 ) (11,395 ) Total credit available $ 19,212 $ 18,891

NET (LOSS) INCOME PER SHARE (Ta

NET (LOSS) INCOME PER SHARE (Tables)	9 Months Ended
	Oct. 29, 2016
Calculation of Basic and Diluted (Loss) Income Per Share	The following table sets forth the computation of basic and diluted (loss) income per share: Three Months Ended Nine Months Ended October 29, October 31, October 29, October 31, 2016 2015 2016 2015 (in thousands, except per share data) Numerator: Net (loss) income $ (5,165 ) $ 2,273 $ 5,520 $ 10,403 Denominator: Basic-weighted average shares 14,991 15,148 14,920 14,948 Dilutive effect: equity awards — 317 249 396 Diluted-weighted average shares 14,991 15,465 15,169 15,344 Basic (loss) income per share $ (0.34 ) $ 0.15 $ 0.37 $ 0.70 Diluted (loss) income per share $ (0.34 ) $ 0.15 $ 0.36 $ 0.68 Antidilutive effect: (1) 1,015 530 532 693 (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. 29, 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 10,462 Share transactions under employee equity compensation plans 4,163 Purchase of treasury stock (2,151 ) Equity at October 29, 2016 $ 303,955 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

ACCUMULATED OTHER COMPREHENSI38

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Oct. 29, 2016
Changes in Accumulated Other Comprehensive Loss by Component Net of Tax	Changes in accumulated other comprehensive loss by component, net of tax, are as follows: Unrealized Foreign Unrealized Unrealized (Loss) Gain on Currency Translation (Loss) Gain on Gain on Pension Liability Adjustments, Net Investments Forward Contract Total (in thousands) Balance, January 30, 2016 $ (7,368 ) $ (7,131 ) $ (9 ) $ — $ (14,508 ) Other comprehensive loss (income) before reclassifications (313 ) (3,772 ) 7 255 (3,823 ) Amounts reclassified from accumulated other comprehensive loss 8,765 — — — 8,765 Balance, October 29, 2016 $ 1,084 $ (10,903 ) $ (2 ) $ 255 $ (9,566 ) 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 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 29, 2016 October 31, 2015 (in thousands) Amortization of defined benefit pension items Actuarial loss $ 8,455 $ 135 Selling, general and administrative expenses Tax provision — — Income tax provision Total, net of tax $ 8,455 $ 135 Nine Months Ended October 29, 2016 October 31, 2015 (in thousands) Amortization of defined benefit pension items Actuarial loss $ 8,765 $ 405 Selling, general and administrative expenses Tax provision — — Income tax provision Total, net of tax $ 8,765 $ 405

DERIVATIVE FINANCIAL INSTRUME39

DERIVATIVE FINANCIAL INSTRUMENT (Tables)	9 Months Ended
	Oct. 29, 2016
Designated as Hedging Instrument
Fair Value and Balance Sheet Classification of Hedging Instruments	The following table summarizes the fair value and balance sheet classification of the Company’s Hedging Instruments. October 29, January 30, Derivatives Designated As Hedging Instruments Balance sheet location 2016 2016 (in thousands) Foreign currency forward exchange contract (inventory purchases) Other Current Assets $ 255 $ — Total $ 255 $ —

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Oct. 29, 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 Nine Months Ended October 29, October 31, October 29, October 31, 2016 2015 2016 2015 (in thousands) Revenues: Men’s Sportswear and Swim $ 135,717 $ 141,512 $ 478,790 $ 490,453 Women’s Sportswear 28,676 33,421 85,301 102,126 Direct-to-Consumer 20,905 21,514 65,423 66,763 Licensing 8,661 8,992 27,392 25,810 Total revenues $ 193,959 $ 205,439 $ 656,906 $ 685,152 Depreciation and amortization: Men’s Sportswear and Swim $ 1,814 $ 1,771 $ 5,717 $ 5,509 Women’s Sportswear 729 589 2,107 1,655 Direct-to-Consumer 932 976 2,717 2,851 Licensing 59 47 176 136 Total depreciation and amortization $ 3,534 $ 3,383 $ 10,717 $ 10,151 Operating (loss) income: Men’s Sportswear and Swim (1) $ (7,683 ) $ 2,392 $ 6,834 $ 14,544 Women’s Sportswear (1,289 ) (109 ) (4,746 ) 222 Direct-to-Consumer (3,370 ) (4,038 ) (9,675 ) (8,051 ) Licensing (2) 7,065 6,798 21,454 19,043 Total operating (loss) income $ (5,277 ) $ 5,043 $ 13,867 $ 25,758 Costs on early extinguishment of debt — — — 5,121 Total interest expense 1,738 1,853 5,652 7,423 Total net (loss) income before income taxes $ (7,015 ) $ 3,190 $ 8,215 $ 13,214 (1) Operating (loss) income for the Men’s Sportswear and Swim segment for the three and nine months ended October 29, 2016, includes a settlement charge related to the pension plan in the amount of $8.3 million. See footnote 17 to the consolidated financial statements for further information. (2) 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. See footnote 7 to the consolidated financial statements for further information.

BENEFIT PLAN (Tables)

BENEFIT PLAN (Tables)	9 Months Ended
	Oct. 29, 2016
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 2017 and 2016: Three Months Ended Nine Months Ended October 29, October 31, October 29, October 31, 2016 2015 2016 2015 (in thousands) Service cost $ 63 $ 63 $ 189 $ 189 Interest cost 124 337 372 1,011 Expected return on plan assets (87 ) (658 ) (261 ) (1,974 ) Settlement 8,300 — 8,300 — Amortization of net loss 155 135 465 405 Net periodic benefit cost $ 8,555 $ (123 ) $ 9,065 $ (369 )

CONDENSED CONSOLIDATING FINAN42

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	9 Months Ended
	Oct. 29, 2016
Condensed Consolidating Balance Sheet	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF OCTOBER 29, 2016 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 4,239 $ 25,585 $ — $ 29,824 Investment, at fair value — — 12,915 — 12,915 Accounts receivable, net — 104,580 24,202 — 128,782 Intercompany receivable, net 82,241 — — (82,241 ) — Inventories — 96,480 15,786 — 112,266 Prepaid income taxes 1,643 — — 145 1,788 Prepaid expenses and other current assets — 7,219 998 — 8,217 Total current assets 83,884 212,518 79,486 (82,096 ) 293,792 Property and equipment, net — 61,425 2,257 — 63,682 Other intangible assets, net — 154,936 32,332 — 187,268 Deferred income taxes — — 441 — 441 Investment in subsidiaries 270,236 — — (270,236 ) — Other assets — 1,879 476 — 2,355 TOTAL $ 354,120 $ 430,758 $ 114,992 $ (352,332 ) $ 547,538 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 39,330 $ 4,456 $ — $ 43,786 Accrued expenses and other liabilities — 20,804 4,773 — 25,577 Accrued interest payable 528 — — — 528 Income taxes payable — 623 928 (1,551 ) — Unearned revenues — 2,835 659 — 3,494 Deferred pension obligation — 6,863 41 — 6,904 Intercompany payable, net — 75,929 17,826 (93,755 ) — Total current liabilities 528 146,384 28,683 (95,306 ) 80,289 Senior subordinated notes payable, net 49,637 — — — 49,637 Senior credit facility — 37,837 — — 37,837 Real estate mortgages — 20,668 — — 20,668 Unearned revenues and other long-term liabilities — 18,728 189 — 18,917 Deferred income taxes — 34,539 — 1,696 36,235 Total long-term liabilities 49,637 111,772 189 1,696 163,294 Total liabilities 50,165 258,156 28,872 (93,610 ) 243,583 Total equity 303,955 172,602 86,120 (258,722 ) 303,955 TOTAL $ 354,120 $ 430,758 $ 114,992 $ (352,332 ) $ 547,538 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 Investment, at fair value — — 9,782 — 9,782 Accounts receivable, net — 106,018 26,048 — 132,066 Intercompany receivable, net 74,091 — — (74,091 ) — Inventories — 155,703 27,047 — 182,750 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 (Loss)	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) FOR THE THREE MONTHS ENDED OCTOBER 29, 2016 (amounts in thousands) Non- Parent Only Guarantors Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 162,185 $ 23,113 $ — $ 185,298 Royalty income — 5,230 3,431 — 8,661 Total revenues — 167,415 26,544 — 193,959 Cost of sales — 107,489 15,367 — 122,856 Gross profit — 59,926 11,177 — 71,103 Operating expenses: Selling, general and administrative expenses — 63,475 9,371 — 72,846 Depreciation and amortization — 3,220 314 — 3,534 Total operating expenses — 66,695 9,685 — 76,380 Operating (loss) income — (6,769 ) 1,492 — (5,277 ) Interest expense (income) — 1,756 (18 ) — 1,738 Net (loss) income before income taxes — (8,525 ) 1,510 — (7,015 ) Income tax (benefit) provision — (2,189 ) 339 — (1,850 ) Equity in earnings of subsidiaries, net (5,165 ) — — 5,165 — Net (loss) income (5,165 ) (6,336 ) 1,171 5,165 (5,165 ) Other comprehensive income (loss) 6,045 8,142 (2,097 ) (6,045 ) 6,045 Comprehensive income (loss) $ 880 $ 1,806 $ (926 ) $ (880 ) $ 880 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 — 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 INCOME (LOSS) (UNAUDITED) FOR THE NINE MONTHS ENDED OCTOBER 29, 2016 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 556,327 $ 73,187 $ — $ 629,514 Royalty income — 17,505 9,887 — 27,392 Total revenues — 573,832 83,074 — 656,906 Cost of sales — 368,194 48,694 — 416,888 Gross profit — 205,638 34,380 — 240,018 Operating expenses: Selling, general and administrative expenses — 187,269 28,165 — 215,434 Depreciation and amortization — 9,687 1,030 — 10,717 Total operating expenses — 196,956 29,195 — 226,151 Operating income — 8,682 5,185 — 13,867 Interest expense (income) — 5,691 (39 ) — 5,652 Net income before income taxes — 2,991 5,224 — 8,215 Income tax provision — 836 1,859 — 2,695 Equity in earnings of subsidiaries, net 5,520 — — (5,520 ) — Net income 5,520 2,155 3,365 (5,520 ) 5,520 Other comprehensive income (loss) 4,942 8,452 (3,510 ) (4,942 ) 4,942 Comprehensive income (loss) $ 10,462 $ 10,607 $ (145 ) $ (10,462 ) $ 10,462 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
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 29, 2016 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH PROVIDED BY OPERATING ACTIVITIES: $ 1,155 $ 32,968 $ 5,824 $ (2,706 ) $ 37,241 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (8,292 ) (1,042 ) — (9,334 ) Purchase of investments — — (12,467 ) — (12,467 ) Proceeds from investment maturities — — 9,341 — 9,341 Proceeds from note receivable — — 250 — 250 Intercompany transactions 1,203 — — (1,203 ) — Net cash provided by (used in) investing activities 1,203 (8,292 ) (3,918 ) (1,203 ) (12,210 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 250,012 — — 250,012 Payments on senior credit facility — (273,933 ) — — (273,933 ) Payments on real estate mortgages — (634 ) — — (634 ) Payments on capital leases — (196 ) — — (196 ) Dividends paid to stockholder — — (2,706 ) 2,706 — Purchase of treasury stock (2,151 ) — — — (2,151 ) Proceeds from exercise of stock options 5 — — — 5 Intercompany transactions — 3,539 (4,530 ) 991 — Net cash used in financing activities (2,146 ) (21,212 ) (7,236 ) 3,697 (26,897 ) Effect of exchange rate changes on cash and cash equivalents (212 ) — (212 ) 212 (212 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 3,464 (5,542 ) — (2,078 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 775 31,127 — 31,902 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 4,239 $ 25,585 $ — $ 29,824 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

Recent Accounting Pronounceme43

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other assets	$ 2,355	$ 2,927
Senior subordinated notes payable, net	$ 49,637	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	Oct. 29, 2016	Jan. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 149,065	$ 152,369
Less: allowances	(20,283)	(20,303)
Total	128,782	132,066
Trade Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	143,033	144,708
Royalties Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	5,220	5,892
Other Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 812	$ 1,769

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016
Inventory [Line Items]
Finished goods	$ 112,266	$ 182,414
Raw materials and in process		336
Total	$ 112,266	$ 182,750

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Millions	Oct. 29, 2016USD ($)
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities maturing within one year	$ 9.7

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016
Schedule of Investments [Line Items]
Cost	$ 12,917	$ 9,791
Gross Unrealized Gains	4
Gross Unrealized Losses	(6)	(9)
Estimated Fair Value	12,915	9,782
Certificates of Deposit
Schedule of Investments [Line Items]
Cost	9,655	9,791
Gross Unrealized Losses	(6)	(9)
Estimated Fair Value	9,649	$ 9,782
Marketable securities
Schedule of Investments [Line Items]
Cost	3,262
Gross Unrealized Gains	4
Estimated Fair Value	$ 3,266

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016
Property, Plant and Equipment [Line Items]
Total	$ 169,083	$ 160,931
Less: accumulated depreciation and amortization	(105,401)	(97,023)
Total	63,682	63,908
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	90,141	84,634
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Total	20,660	19,462
Vehicles
Property, Plant and Equipment [Line Items]
Total	523	523
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total	48,329	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	Oct. 29, 2016	Jan. 30, 2016
Property, Plant and Equipment [Line Items]
Furniture, fixtures and equipment	$ 810	$ 810
Less: accumulated depreciation and amortization	(384)	(182)
Total	$ 426	$ 628

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense related to property and equipment	$ 3.5	$ 3.4	$ 10.4	$ 10

Other Intangible Assets - Addit

Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	May 02, 2015	Oct. 29, 2016	Oct. 31, 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		$ 2,500
Intangible assets amortized estimated useful lives				10 years
Customer Lists
Intangible Assets [Line Items]
Amortization expense	$ 300	$ 300		$ 700	700
Trademarks
Intangible Assets [Line Items]
Trademarks included in other intangible assets, net	$ 184,100			$ 184,100		$ 184,100
Licensing
Intangible Assets [Line Items]
Gain (loss) on sale of intangible assets			$ (700)		$ (700)

Intangible Assets (Detail)

Intangible Assets (Detail) - Customer Lists - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Customer lists	$ 8,450	$ 8,450
Less: accumulated amortization	(5,328)	(4,677)
Total	$ 3,122	$ 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 ($)	Oct. 29, 2016	Jan. 30, 2016
Line of Credit Facility [Line Items]
Total letter of credit facilities	$ 30,000,000	$ 30,286,000
Outstanding letters of credit	(10,788,000)	(11,395,000)
Total credit available	$ 19,212,000	$ 18,891,000

Letter of Credit Facilities - A

Letter of Credit Facilities - Additional Information (Detail) $ in Millions	Oct. 29, 2016USD ($)
Letter of Credit | United Kingdom Subsidiary
Line of Credit Facility [Line Items]
Line Of Credit, amount expired and not renewed	$ 0.3

Advertising and Related Costs -

Advertising and Related Costs - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Advertising Costs [Line Items]
Advertising and related costs	$ 4.2	$ 4.1	$ 12.2	$ 11.1

Computation of Basic and Dilute

Computation of Basic and Diluted (Loss) Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Numerator:
Net (loss) income		$ (5,165)	$ 2,273	$ 5,520	$ 10,403
Denominator:
Basic-weighted average shares		14,991	15,148	14,920	14,948
Dilutive effect: equity awards			317	249	396
Diluted-weighted average shares		14,991	15,465	15,169	15,344
Basic (loss) income per share		$ (0.34)	$ 0.15	$ 0.37	$ 0.70
Diluted (loss) income per share		$ (0.34)	$ 0.15	$ 0.36	$ 0.68
Antidilutive effect	[1]	1,015	530	532	693
[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. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Equity [Line Items]
Beginning Balance			$ 291,481	$ 302,017
Comprehensive income	$ 880	$ 1,798	10,462	11,282
Share transactions under employee equity compensation plans			4,163	3,809
Purchase of treasury stock	(2,151)		(2,151)
Ending Balance	$ 303,955	$ 317,108	$ 303,955	$ 317,108

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Aug. 01, 2015	Oct. 29, 2016	Jan. 30, 2016
Shareholders Equity [Line Items]
Common stock repurchase program, amount authorized	$ 70,000,000		$ 70,000,000
Total purchases under common stock repurchase program	60,800,000		60,800,000
Purchase of treasury stock	$ 2,151,000		$ 2,151,000
Treasury stock, shares	113,935		113,935	0
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) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			$ 291,481	$ 302,017
Other comprehensive loss (income) before reclassifications			(3,823)	474
Amounts reclassified from accumulated other comprehensive loss	$ 8,455	$ 135	8,765	405
Ending Balance	303,955	317,108	303,955	317,108
Unrealized (Loss) Gain on Pension Liability
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(7,368)	(8,085)
Other comprehensive loss (income) before reclassifications			(313)
Amounts reclassified from accumulated other comprehensive loss			8,765	405
Ending Balance	1,084	(7,680)	1,084	(7,680)
Foreign Currency Translation Adjustments, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(7,131)	(4,774)
Other comprehensive loss (income) before reclassifications			(3,772)	482
Ending Balance	(10,903)	(4,292)	(10,903)	(4,292)
Unrealized (Loss) Gain on Investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(9)	7
Other comprehensive loss (income) before reclassifications			7	(8)
Ending Balance	(2)	(1)	(2)	(1)
Unrealized Gain on Forward Contract
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive loss (income) before reclassifications			255
Ending Balance	255		255
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(14,508)	(12,852)
Ending Balance	$ (9,566)	$ (11,973)	$ (9,566)	$ (11,973)

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. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ 72,846	$ 64,869	$ 215,434	$ 202,731
Tax provision	1,850	(917)	(2,695)	(2,811)
Total, net of tax	8,455	135	8,765	405
Actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	8,455	135	8,765	405
Unrealized (Loss) Gain on Pension Liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax provision	$ 0	$ 0	0	0
Total, net of tax			$ 8,765	$ 405

Derivative Financial Instrume62

Derivative Financial Instrument - Additional Information (Detail) - USD ($)	Oct. 29, 2016	Oct. 29, 2016	Jan. 30, 2016
Derivative [Line Items]
Cash flow hedge ineffectiveness	$ 0
Foreign currency forward exchange contract gain to be reclassified during next 12 months	255,000	$ 255,000
Foreign currency forward exchange contract gain (loss) reclassified to earnings, net		$ 0	$ 0
Foreign currency forward exchange contract | Cash Flow Hedging
Derivative [Line Items]
Derivative instrument, hedging percentage		45.00%
Notional amount outstanding	$ 5,700,000	$ 5,700,000
Foreign currency forward exchange contract | Cash Flow Hedging | Minimum
Derivative [Line Items]
Derivative maturity, month and year		2016-10
Foreign currency forward exchange contract | Cash Flow Hedging | Maximum
Derivative [Line Items]
Derivative maturity, month and year		2017-03

Fair Value and Balance Sheet Cl

Fair Value and Balance Sheet Classification of Hedging Instruments (Detail) - Designated as Hedging Instrument $ in Thousands	Oct. 29, 2016USD ($)
Derivatives, Fair Value [Line Items]
Derivative financial instrument, fair value	$ 255
Foreign currency forward exchange contract | Other Current Assets | Level 2
Derivatives, Fair Value [Line Items]
Derivative financial instrument, fair value	$ 255

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Oct. 29, 2016	Oct. 29, 2016	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)	$ (13,000)	$ 75,000
Increase (decrease) in interest and penalties	(11,000)	$ 30,000
Valuation allowance			$ 46,200,000
Tax Year 2011
Income Tax Disclosure [Line Items]
Adjustments to taxable income	6,100,000
Tax Year 2012
Income Tax Disclosure [Line Items]
Adjustments to taxable income	5,300,000
Tax Year 2013
Income Tax Disclosure [Line Items]
Adjustments to taxable income	$ 6,800,000
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 Apprecia65

Stock Options, Stock Appreciation Rights and Restricted Shares - Additional Information (Detail)	3 Months Ended
	Oct. 29, 2016USD ($)shares	Jul. 30, 2016USD ($)Directorshares	Apr. 30, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock tax withheld		3,105	46,000
Number of restricted stock tax withholding value | $		$ 60,000	$ 880,000
Subject to Withholding
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock vested		11,343	159,862
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded	3,000	14,914	86,173
Fair value of stock granted | $	$ 60,000	$ 300,000	$ 1,600,000
Vesting period of awards	3 years	3 years	3 years
Restricted Stock | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded		31,902
Fair value of stock granted | $		$ 700,000
Vesting period of awards		1 year
Number of directors awarded restricted stock | Director		6
Performance Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded			184,004
Fair value of stock granted | $			$ 3,500,000
Awards expected vesting percentage			100.00%
Award vesting date			2019-04

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Oct. 29, 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		9 Months Ended
		Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Segment Reporting Information [Line Items]
Total revenues		$ 193,959	$ 205,439	$ 656,906	$ 685,152
Total depreciation and amortization		3,534	3,383	10,717	10,151
Total operating (loss) income		(5,277)	5,043	13,867	25,758
Costs on early extinguishment of debt					5,121
Interest expense		1,738	1,853	5,652	7,423
Net (loss) income before income taxes		(7,015)	3,190	8,215	13,214
Men's Sportswear and Swim
Segment Reporting Information [Line Items]
Total revenues		135,717	141,512	478,790	490,453
Total depreciation and amortization		1,814	1,771	5,717	5,509
Total operating (loss) income	[1]	(7,683)	2,392	6,834	14,544
Women's Sportswear
Segment Reporting Information [Line Items]
Total revenues		28,676	33,421	85,301	102,126
Total depreciation and amortization		729	589	2,107	1,655
Total operating (loss) income		(1,289)	(109)	(4,746)	222
Direct-to-Consumer
Segment Reporting Information [Line Items]
Total revenues		20,905	21,514	65,423	66,763
Total depreciation and amortization		932	976	2,717	2,851
Total operating (loss) income		(3,370)	(4,038)	(9,675)	(8,051)
Licensing
Segment Reporting Information [Line Items]
Total revenues		8,661	8,992	27,392	25,810
Total depreciation and amortization		59	47	176	136
Total operating (loss) income	[2]	$ 7,065	$ 6,798	$ 21,454	$ 19,043
[1]	Operating (loss) income for the Men's Sportswear and Swim segment for the three and nine months ended October 29, 2016, includes a settlement charge related to the pension plan in the amount of $8.3 million. See footnote 17 to the consolidated financial statements for further information.
[2]	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. See footnote 7 to the consolidated financial statements for further information.

Revenues Generated by Segment68

Revenues Generated by Segments (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	May 02, 2015	Oct. 29, 2016	Oct. 31, 2015
Segment Reporting Information [Line Items]
Pension plan settlement charge			$ 8,300
Men's Sportswear and Swim
Segment Reporting Information [Line Items]
Pension plan settlement charge	$ 8,300		$ 8,300
Licensing
Segment Reporting Information [Line Items]
Gain (loss) on sale of intangible assets		$ (700)		$ (700)

Components of Net Benefit Cost

Components of Net Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 63	$ 63	$ 189	$ 189
Interest cost	124	337	372	1,011
Expected return on plan assets	(87)	(658)	(261)	(1,974)
Settlement	8,300		8,300
Amortization of net loss	155	135	465	405
Net periodic benefit cost	$ 8,555	$ (123)	$ 9,065	$ (369)

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 29, 2016	Oct. 29, 2016
Defined Benefit Plan Disclosure [Line Items]
Settlement charge	$ (8,300)	$ (8,300)

Senior Subordinated Notes Pay71

Senior Subordinated Notes Payable - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended		9 Months Ended
	Apr. 06, 2015	Mar. 31, 2011	Oct. 31, 2015	Oct. 29, 2016	Jan. 30, 2016
Senior Secured Notes [Line Items]
Payments on senior subordinated notes			$ 100,000
Costs of early extinguishment of debt			$ (5,121)
Senior notes amount outstanding				$ 49,637	$ 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	Oct. 29, 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		$ 37,800,000	$ 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	Oct. 29, 2016	Jan. 30, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior subordinated notes payable, net	$ 49,637	$ 49,528
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts of the real estate mortgages	21,400	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	$ 50,300	$ 49,000
Debt instrument stated interest rate	7.875%	7.875%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Apr. 20, 2016	Jul. 30, 2016	Oct. 29, 2016	Oct. 31, 2015
Commitments and Contingencies Disclosure [Line Items]
Share-based compensation			$ 5,104,000	$ 3,641,000
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
Executive Chairman
Commitments and Contingencies Disclosure [Line Items]
Employment agreement, lump sum / severance payment, payable upon the termination		$ 1,000,000
Executive Chairman | Selling, General and Administrative Expenses
Commitments and Contingencies Disclosure [Line Items]
Share-based compensation		4,200,000
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
Minimum | Executive Chairman
Commitments and Contingencies Disclosure [Line Items]
Employment agreements base salaries		$ 750,000

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016	Oct. 31, 2015	Jan. 31, 2015
Current Assets:
Cash and cash equivalents	$ 29,824	$ 31,902	$ 26,016	$ 43,547
Investment, at fair value	12,915	9,782
Accounts receivable, net	128,782	132,066
Inventories	112,266	182,750
Prepaid income taxes	1,788	1,818
Prepaid expenses and other current assets	8,217	8,461
Total current assets	293,792	366,779
Property and equipment, net	63,682	63,908
Other intangible assets, net	187,268	187,919
Deferred income taxes	441	442
Other assets	2,355	2,927
TOTAL	547,538	621,975
Current Liabilities:
Accounts payable	43,786	103,684
Accrued expenses and other liabilities	25,577	26,497
Accrued interest payable	528	1,521
Unearned revenues	3,494	4,213
Deferred pension obligation	6,904	12,107
Total current liabilities	80,289	148,022
Senior subordinated notes payable, net	49,637	49,528
Senior credit facility	37,837	61,758
Real estate mortgages	20,668	21,318
Unearned revenues and other long-term liabilities	18,917	14,853
Deferred income taxes	36,235	35,015
Total long-term liabilities	163,294	182,472
Total liabilities	243,583	330,494
Total equity	303,955	291,481	317,108	302,017
TOTAL	547,538	621,975
Parent
Current Assets:
Intercompany receivable, net	82,241	74,091
Prepaid income taxes	1,643	1,017
Total current assets	83,884	75,108
Investment in subsidiaries	270,236	267,422
TOTAL	354,120	342,530
Current Liabilities:
Accrued interest payable	528	1,521
Total current liabilities	528	1,521
Senior subordinated notes payable, net	49,637	49,528
Total long-term liabilities	49,637	49,528
Total liabilities	50,165	51,049
Total equity	303,955	291,481
TOTAL	354,120	342,530
Guarantors
Current Assets:
Cash and cash equivalents	4,239	775	2,532	30,055
Accounts receivable, net	104,580	106,018
Inventories	96,480	155,703
Prepaid expenses and other current assets	7,219	7,426
Total current assets	212,518	269,922
Property and equipment, net	61,425	61,260
Other intangible assets, net	154,936	155,587
Other assets	1,879	2,150
TOTAL	430,758	488,919
Current Liabilities:
Accounts payable	39,330	89,961
Accrued expenses and other liabilities	20,804	21,524
Income taxes payable	623	623
Unearned revenues	2,835	2,952
Deferred pension obligation	6,863	12,025
Intercompany payable, net	75,929	60,384
Total current liabilities	146,384	187,469
Senior credit facility	37,837	61,758
Real estate mortgages	20,668	21,318
Unearned revenues and other long-term liabilities	18,728	14,608
Deferred income taxes	34,539	33,319
Total long-term liabilities	111,772	131,003
Total liabilities	258,156	318,472
Total equity	172,602	170,447
TOTAL	430,758	488,919
Non-Guarantors
Current Assets:
Cash and cash equivalents	25,585	31,127	$ 23,484	$ 13,492
Investment, at fair value	12,915	9,782
Accounts receivable, net	24,202	26,048
Inventories	15,786	27,047
Prepaid expenses and other current assets	998	1,035
Total current assets	79,486	95,039
Property and equipment, net	2,257	2,648
Other intangible assets, net	32,332	32,332
Deferred income taxes	441	442
Other assets	476	777
TOTAL	114,992	131,238
Current Liabilities:
Accounts payable	4,456	13,723
Accrued expenses and other liabilities	4,773	4,973
Income taxes payable	928	272
Unearned revenues	659	1,261
Deferred pension obligation	41	82
Intercompany payable, net	17,826	21,449
Total current liabilities	28,683	41,760
Unearned revenues and other long-term liabilities	189	245
Total long-term liabilities	189	245
Total liabilities	28,872	42,005
Total equity	86,120	89,233
TOTAL	114,992	131,238
Eliminations
Current Assets:
Intercompany receivable, net	(82,241)	(74,091)
Prepaid income taxes	145	801
Total current assets	(82,096)	(73,290)
Investment in subsidiaries	(270,236)	(267,422)
TOTAL	(352,332)	(340,712)
Current Liabilities:
Income taxes payable	(1,551)	(895)
Intercompany payable, net	(93,755)	(81,833)
Total current liabilities	(95,306)	(82,728)
Deferred income taxes	1,696	1,696
Total long-term liabilities	1,696	1,696
Total liabilities	(93,610)	(81,032)
Total equity	(258,722)	(259,680)
TOTAL	$ (352,332)	$ (340,712)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Revenues:
Net sales	$ 185,298	$ 196,447	$ 629,514	$ 659,342
Royalty income	8,661	8,992	27,392	25,810
Total revenues	193,959	205,439	656,906	685,152
Cost of sales	122,856	132,144	416,888	445,815
Gross profit	71,103	73,295	240,018	239,337
Operating expenses:
Selling, general and administrative expenses	72,846	64,869	215,434	202,731
Depreciation and amortization	3,534	3,383	10,717	10,151
Total operating expenses	76,380	68,252	226,151	212,882
Loss on sale of long-lived assets				(697)
Operating (loss) income	(5,277)	5,043	13,867	25,758
Costs of early extinguishment of debt				5,121
Interest expense (income)	1,738	1,853	5,652	7,423
Net (loss) income before income taxes	(7,015)	3,190	8,215	13,214
Income tax (benefit) provision	(1,850)	917	2,695	2,811
Net (loss) income	(5,165)	2,273	5,520	10,403
Other comprehensive income (loss)	6,045	(475)	4,942	879
Comprehensive income (loss)	880	1,798	10,462	11,282
Parent
Operating expenses:
Equity in earnings of subsidiaries, net	(5,165)	2,273	5,520	10,403
Net (loss) income	(5,165)	2,273	5,520	10,403
Other comprehensive income (loss)	6,045	(475)	4,942	879
Comprehensive income (loss)	880	1,798	10,462	11,282
Guarantors
Revenues:
Net sales	162,185	174,315	556,327	586,515
Royalty income	5,230	5,495	17,505	15,693
Total revenues	167,415	179,810	573,832	602,208
Cost of sales	107,489	118,154	368,194	399,813
Gross profit	59,926	61,656	205,638	202,395
Operating expenses:
Selling, general and administrative expenses	63,475	55,570	187,269	172,690
Depreciation and amortization	3,220	3,096	9,687	9,258
Total operating expenses	66,695	58,666	196,956	181,948
Loss on sale of long-lived assets				(697)
Operating (loss) income	(6,769)	2,990	8,682	19,750
Costs of early extinguishment of debt				5,121
Interest expense (income)	1,756	1,857	5,691	7,363
Net (loss) income before income taxes	(8,525)	1,133	2,991	7,266
Income tax (benefit) provision	(2,189)	344	836	908
Net (loss) income	(6,336)	789	2,155	6,358
Other comprehensive income (loss)	8,142	135	8,452	405
Comprehensive income (loss)	1,806	924	10,607	6,763
Non-Guarantors
Revenues:
Net sales	23,113	22,132	73,187	72,827
Royalty income	3,431	3,497	9,887	10,117
Total revenues	26,544	25,629	83,074	82,944
Cost of sales	15,367	13,990	48,694	46,002
Gross profit	11,177	11,639	34,380	36,942
Operating expenses:
Selling, general and administrative expenses	9,371	9,299	28,165	30,041
Depreciation and amortization	314	287	1,030	893
Total operating expenses	9,685	9,586	29,195	30,934
Operating (loss) income	1,492	2,053	5,185	6,008
Interest expense (income)	(18)	(4)	(39)	60
Net (loss) income before income taxes	1,510	2,057	5,224	5,948
Income tax (benefit) provision	339	573	1,859	1,903
Net (loss) income	1,171	1,484	3,365	4,045
Other comprehensive income (loss)	(2,097)	(610)	(3,510)	474
Comprehensive income (loss)	(926)	874	(145)	4,519
Eliminations
Operating expenses:
Equity in earnings of subsidiaries, net	5,165	(2,273)	(5,520)	(10,403)
Net (loss) income	5,165	(2,273)	(5,520)	(10,403)
Other comprehensive income (loss)	(6,045)	475	(4,942)	(879)
Comprehensive income (loss)	$ (880)	$ (1,798)	$ (10,462)	$ (11,282)

Condensed Consolidating State77

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	May 02, 2015	Oct. 29, 2016	Oct. 31, 2015
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY OPERATING ACTIVITIES:		$ 37,241	$ 18,638
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(9,334)	(9,837)
Purchase of investments		(12,467)	(8,230)
Proceeds from investment maturities		9,341	17,845
Proceeds on sale of intangible assets	$ 2,500		2,500
Proceeds from note receivable		250	250
Net cash provided by (used in) investing activities		(12,210)	2,528
Net cash provided by (used in) investing activities		(12,210)	2,528
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on senior subordinated notes			(100,000)
Borrowings from senior credit facility		250,012	330,644
Payments on senior credit facility		(273,933)	(270,023)
Payments on real estate mortgages		(634)	(615)
Payments on capital leases		(196)	(137)
Deferred financing fees			(574)
Purchase of treasury stock		(2,151)
Proceeds from exercise of stock options		5	1,408
Net cash used in financing activities		(26,897)	(39,297)
Effect of exchange rate changes on cash and cash equivalents		(212)	600
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(2,078)	(17,531)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	43,547	31,902	43,547
CASH AND CASH EQUIVALENTS AT END OF PERIOD		29,824	26,016
Parent
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY OPERATING ACTIVITIES:		1,155	382
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions		1,203	97,610
Net cash provided by (used in) investing activities		1,203	97,610
Net cash provided by (used in) investing activities		1,203	97,610
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on senior subordinated notes			(100,000)
Purchase of treasury stock		(2,151)
Proceeds from exercise of stock options		5	1,408
Net cash used in financing activities		(2,146)	(98,592)
Effect of exchange rate changes on cash and cash equivalents		(212)	600
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY OPERATING ACTIVITIES:		32,968	15,691
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(8,292)	(8,913)
Proceeds on sale of intangible assets			2,500
Net cash provided by (used in) investing activities		(8,292)	(6,413)
Net cash provided by (used in) investing activities		(8,292)	(6,413)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility		250,012	330,644
Payments on senior credit facility		(273,933)	(270,023)
Payments on real estate mortgages		(634)	(615)
Payments on capital leases		(196)	(137)
Deferred financing fees			(574)
Intercompany transactions		3,539	(96,096)
Net cash used in financing activities		(21,212)	(36,801)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		3,464	(27,523)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	30,055	775	30,055
CASH AND CASH EQUIVALENTS AT END OF PERIOD		4,239	2,532
Non-Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY OPERATING ACTIVITIES:		5,824	2,565
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(1,042)	(924)
Purchase of investments		(12,467)	(8,230)
Proceeds from investment maturities		9,341	17,845
Proceeds from note receivable		250	250
Net cash provided by (used in) investing activities		(3,918)	8,941
Net cash provided by (used in) investing activities		(3,918)	8,941
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid to stockholder		(2,706)
Intercompany transactions		(4,530)	(2,114)
Net cash used in financing activities		(7,236)	(2,114)
Effect of exchange rate changes on cash and cash equivalents		(212)	600
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(5,542)	9,992
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	$ 13,492	31,127	13,492
CASH AND CASH EQUIVALENTS AT END OF PERIOD		25,585	23,484
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY OPERATING ACTIVITIES:		(2,706)
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions		(1,203)	(97,610)
Net cash provided by (used in) investing activities		(1,203)	(97,610)
Net cash provided by (used in) investing activities		(1,203)	(97,610)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid to stockholder		2,706
Intercompany transactions		991	98,210
Net cash used in financing activities		3,697	98,210
Effect of exchange rate changes on cash and cash equivalents		$ 212	$ (600)

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event - Mortgages	1 Months Ended
	Nov. 30, 2016USD ($)
Miami Facility
Subsequent Event [Line Items]
Mortgage Loan	$ 21,700,000
Mortgage loan, maturity date	Nov. 22, 2026
Mortgage loan, interest rate	3.715%
Monthly payments of principal and interest	$ 112,000
Maturity Period, based on Amortization	25 years
Tampa Facility
Subsequent Event [Line Items]
Mortgage Loan	$ 13,200,000
Mortgage loan, maturity date	Nov. 22, 2026
Mortgage loan, interest rate	3.715%
Monthly payments of principal and interest	$ 68,000
Maturity Period, based on Amortization	25 years