Perry Ellis International (PERY) 10-Q 6 Jun 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 29, 2017	Jun. 01, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 29, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	PERY
Entity Registrant Name	PERRY ELLIS INTERNATIONAL, INC
Entity Central Index Key	900,349
Current Fiscal Year End Date	--01-27
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		15,685,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Current Assets:
Cash and cash equivalents	$ 26,404	$ 30,695
Investments, at fair value	16,515	10,921
Accounts receivable, net	183,668	140,240
Inventories	139,632	151,251
Prepaid income taxes		1,647
Prepaid expenses and other current assets	6,287	6,462
Total current assets	372,506	341,216
Property and equipment, net	60,668	61,835
Other intangible assets, net	186,842	187,051
Deferred income tax	461	334
Other assets	2,278	2,269
TOTAL	622,755	592,705
Current Liabilities:
Accounts payable	60,224	92,843
Accrued expenses and other liabilities	27,537	20,861
Accrued interest payable	543	1,450
Accrued income taxes payable	1,748
Unearned revenues	2,896	2,710
Total current liabilities	92,948	117,864
Senior subordinated notes payable, net	49,709	49,673
Senior credit facility	64,128	22,504
Real estate mortgages	33,369	33,591
Unearned revenues and other long-term liabilities	19,281	18,271
Deferred income taxes	35,453	37,115
Total long-term liabilities	201,940	161,154
Total liabilities	294,888	279,018
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; 15,734,117 shares issued and outstanding as of April 29, 2017 and 15,530,273 shares issued and outstanding as of January 28, 2017	157	155
Additional paid-in-capital	148,784	147,300
Retained earnings	189,098	176,327
Accumulated other comprehensive loss	(10,172)	(10,095)
Total equity	327,867	313,687
TOTAL	$ 622,755	$ 592,705

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 29, 2017	Jan. 28, 2017
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	15,734,117	15,530,273
Common stock, shares outstanding	15,734,117	15,530,273

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Revenues:
Net sales	$ 233,823	$ 250,875
Royalty income	8,267	10,419
Total revenues	242,090	261,294
Cost of sales	151,002	166,210
Gross profit	91,088	95,084
Operating expenses:
Selling, general and administrative expenses	71,199	69,934
Depreciation and amortization	3,468	3,467
Total operating expenses	74,667	73,401
Operating income	16,421	21,683
Interest expense	1,956	2,025
Net income before income taxes	14,465	19,658
Income tax provision	1,694	5,408
Net income	$ 12,771	$ 14,250
Net income per share:
Basic	$ 0.85	$ 0.96
Diluted	$ 0.83	$ 0.95
Weighted average number of shares outstanding
Basic	15,009	14,810
Diluted	15,303	15,060

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Net income	$ 12,771	$ 14,250
Other Comprehensive income:
Foreign currency translation adjustments, net	279	1,663
Unrealized gain on pension liability, net of tax		155
Unrealized loss on forward contract	(362)
Unrealized gain on investments	6	7
Total other comprehensive (loss) income	(77)	1,825
Comprehensive income	$ 12,694	$ 16,075

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 12,771	$ 14,250
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	3,554	3,565
Provision for bad debts	759	404
Amortization of debt issue cost	101	103
Amortization of premiums and discounts	20	14
Amortization of unrealized (gain) loss on pension liability		155
Deferred income taxes	(1,789)	406
Share-based compensation	1,843	1,336
Changes in operating assets and liabilities, net of acquisitions
Accounts receivable, net	(43,816)	(41,451)
Inventories	11,910	30,226
Prepaid income taxes	1,737	1,878
Prepaid expenses and other current assets	331	1,194
Other assets	(72)	16
Accounts payable and accrued expenses	(27,044)	(53,081)
Accrued interest payable	(907)	(920)
Income taxes payable	1,570	2,157
Unearned revenues and other liabilities	1,265	667
Deferred pension obligation		81
Net cash used in operating activities	(37,767)	(39,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(1,901)	(4,098)
Purchase of investments	(10,256)	(2,455)
Proceeds from investments maturities	4,655	1,965
Net cash used in investing activities	(7,502)	(4,588)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	98,764	123,995
Payments on senior credit facility	(57,140)	(84,881)
Payments on real estate mortgages	(220)	(212)
Payments on capital leases	(69)	(64)
Proceeds from exercise of stock options	23
Net cash provided by financing activities	41,358	38,838
Effect of exchange rate changes on cash and cash equivalents	(380)	(199)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(4,291)	(4,949)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	30,695	31,902
CASH AND CASH EQUIVALENTS AT END OF PERIOD	26,404	26,953
Cash paid during the period for:
Interest	2,742	2,828
Income taxes	19	150
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Accrued purchases of property and equipment	$ 208	$ 39

GENERAL

GENERAL	3 Months Ended
	Apr. 29, 2017
GENERAL	1. GENERAL The accompanying unaudited condensed consolidated financial statements of Perry Ellis International, Inc. and subsidiaries (“Perry Ellis” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the requirements of the Securities and Exchange Commission on Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations and changes in cash flows required by GAAP for annual financial statements. These condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended January 28, 2017, filed with the Securities and Exchange Commission on April 10, 2017. The information presented reflects all adjustments, which are in the opinion of management of a normal and recurring nature, necessary for a fair presentation of the interim periods. Results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the entire fiscal year.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Apr. 29, 2017
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 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. 2016-09, “ 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	3 Months Ended
	Apr. 29, 2017
ACCOUNTS RECEIVABLE	3. ACCOUNTS RECEIVABLE Accounts receivable consisted of the following as of: April 29, January 28, (in thousands) Trade accounts $ 197,735 $ 151,370 Royalties 6,105 6,659 Other receivables 1,257 712 Total 205,097 158,741 Less: Allowances (21,429 ) (18,501 ) Total $ 183,668 $ 140,240

INVENTORIES

INVENTORIES	3 Months Ended
	Apr. 29, 2017
INVENTORIES	4. INVENTORIES Inventories are stated at the lower of cost (weighted moving average cost) or market. Cost principally consists of the purchase price, customs, duties, freight, and commissions to buying agents. Inventories consisted of the following as of: April 29, January 28, (in thousands) Finished goods $ 139,632 $ 151,251

INVESTMENTS

INVESTMENTS	3 Months Ended
	Apr. 29, 2017
INVESTMENTS	5. INVESTMENTS The Company’s investments include marketable securities and certificates of deposit at April 29, 2017 and January 28, 2017. Marketable securities are classified as available-for-sale and consist of corporate and government bonds with maturity dates less than one year. Certificates of deposit are classified as available-for-sale with maturity dates less than 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. Investments consisted of the following as of April 29, 2017: Cost Gross Gross Estimated (in thousands) Marketable securities $ 12,031 $ — $ (5 ) $ 12,026 Certificates of deposit 4,490 — (1 ) 4,489 Total investments $ 16,521 $ — $ (6 ) $ 16,515 Investments consisted of the following as of January 28, 2017: Cost Gross Gross Estimated (in thousands) Marketable securities $ 3,258 $ — $ (8 ) $ 3,250 Certificates of deposit 7,675 — (4 ) 7,671 Total investments $ 10,933 $ — $ (12 ) $ 10,921

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Apr. 29, 2017
PROPERTY AND EQUIPMENT	6. PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of: April 29, January 28, (in thousands) Furniture, fixtures and equipment $ 92,879 $ 91,639 Buildings and building improvements 21,623 21,359 Vehicles 523 523 Leasehold improvements 47,943 48,799 Land 9,430 9,430 Total 172,398 171,750 Less: accumulated depreciation and amortization (111,730 ) (109,915 ) Total $ 60,668 $ 61,835 The above table of property and equipment includes assets held under capital leases as of: April 29, January 28, (in thousands) Furniture, fixtures and equipment $ 810 $ 810 Less: accumulated depreciation and amortization (519 ) (452 ) Total $ 291 $ 358 For the three months ended April 29, 2017 and April 30, 2016, depreciation and amortization expense relating to property and equipment amounted to $3.3 million for each of the periods. These amounts include amortization expense for leased property under capital leases.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	3 Months Ended
	Apr. 29, 2017
OTHER INTANGIBLE ASSETS	7. OTHER INTANGIBLE ASSETS Trademarks Trademarks included in other intangible assets, net, are considered indefinite-lived assets and totaled $184.1 million at April 29, 2017 and January 28, 2017. Other Other intangible assets represent customer lists as of: April 29, January 28, (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (5,754 ) (5,545 ) Total $ 2,696 $ 2,905 For the three months ended April 29, 2017 and April 30, 2016, amortization expense relating to customer lists amounted to approximately $0.2 million for each of the periods. Other intangible assets are amortized over their estimated useful lives of 10 years. Assuming no impairment, the table sets forth the estimated amortization expense for future periods based on recorded amounts as of January 28, 2017: (in thousands) 2018 $ 835 2019 793 2020 734 2021 543

LETTER OF CREDIT FACILITIES

LETTER OF CREDIT FACILITIES	3 Months Ended
	Apr. 29, 2017
LETTER OF CREDIT FACILITIES	8. LETTER OF CREDIT FACILITIES Borrowings and availability under letter of credit facilities consisted of the following as of: April 29, January 28, (in thousands) Total letter of credit facilities $ 30,000 $ 30,000 Outstanding letters of credit (10,788 ) (10,788 ) Total credit available $ 19,212 $ 19,212

ADVERTISING AND RELATED COSTS

ADVERTISING AND RELATED COSTS	3 Months Ended
	Apr. 29, 2017
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 $4.0 million and $4.3 million for the three months ended April 29, 2017 and April 30, 2016, respectively, and are included in selling, general and administrative expenses.

NET INCOME PER SHARE

NET INCOME PER SHARE	3 Months Ended
	Apr. 29, 2017
NET INCOME PER SHARE	10. NET INCOME PER SHARE Basic net income per share is computed by dividing net income by the weighted average shares of outstanding common stock. The calculation of diluted net income per share is similar to basic earnings per share except that the denominator includes potentially dilutive common stock. The potentially dilutive common stock included in the Company’s computation of diluted net income per share includes the effects of stock options, stock appreciation rights (“SARS”), and unvested restricted shares as determined using the treasury stock method. The following table sets forth the computation of basic and diluted income per share: Three Months Ended April 29, April 30, (in thousands, except per Numerator: Net income $ 12,771 $ 14,250 Denominator: Basic-weighted average shares 15,009 14,810 Dilutive effect: equity awards 294 250 Diluted-weighted average shares 15,303 15,060 Basic income per share $ 0.85 $ 0.96 Diluted income per share $ 0.83 $ 0.95 Antidilutive effect: (1) 392 804 (1) Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.

EQUITY

EQUITY	3 Months Ended
	Apr. 29, 2017
EQUITY	11. EQUITY The following table reflects the changes in equity: Changes in Equity (in thousands) Equity at January 30, 2017 $ 313,687 Comprehensive income 12,694 Share transactions under employee equity compensation plans 1,486 Equity at April 29, 2017 $ 327,867 Equity at January 30, 2016 $ 291,481 Comprehensive income 16,075 Share transactions under employee equity compensation plans 454 Equity at April 30, 2016 $ 308,010

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
	Apr. 29, 2017
ACCUMULATED OTHER COMPREHENSIVE LOSS	12. ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss by component, net of tax: Unrealized Foreign Unrealized Unrealized Total (in thousands) Balance, January 28, 2017 $ — $ (9,902 ) $ (12 ) $ (181 ) $ (10,095 ) Other comprehensive loss (income) before reclassifications — 279 6 (321 ) (36 ) Amounts reclassified from accumulated other comprehensive loss — — — (41 ) (41 ) Balance, April 29, 2017 $ — $ (9,623 ) $ (6 ) $ (543 ) $ (10,172 ) Unrealized Foreign Unrealized Total (in thousands) Balance, January 30, 2016 $ (7,368 ) $ (7,131 ) $ (9 ) $ (14,508 ) Other comprehensive income before reclassifications — 1,663 7 1,670 Amounts reclassified from accumulated other comprehensive income 155 — — 155 Balance, April 30, 2016 $ (7,213 ) $ (5,468 ) $ (2 ) $ (12,683 ) A summary of the impact on the condensed consolidated statement of income line items is as follows: Statement of Operations Location Three Months Ended April 29, April 30, Amortization of defined benefit pension items actuarial gains Selling, general and administrative expenses $ — $ 155 Forward contract gain reclassified from accumulated other comprehensive loss to income Cost of goods sold (41 ) — Tax provision Income tax provision — — Total, net of tax $ (41 ) $ 155

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENT - Cash Flow Hedges	3 Months Ended
	Apr. 29, 2017
DERIVATIVE FINANCIAL INSTRUMENT - Cash Flow Hedges	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 April 29, 2017, 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”). 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 effects, fair value and balance sheet classification of the Company’s Hedging Instruments. Derivatives Designated As Hedging Instruments Balance sheet April 29, January 28, (in thousands) Foreign currency forward exchange contract (inventory purchases) Accounts Payable $ 543 $ 181 Total $ 543 $ 181 The following table summarizes the effect and classification of the Company’s Hedging Instruments. Statement of Three Months Ended Derivatives Designated As Hedging Instruments April 29, April 30, (in thousands) Foreign currency forward exchange contract (inventory purchases): Gain reclassified from accumulated other comprehensive loss to income Cost of goods sold $ (41 ) $ — $ (41 ) The notional amounts outstanding of foreign exchange forward contracts were $12.5 million and $15.0 million at April 29, 2017 and January 28, 2017, respectively. Such contracts expire through January 2018. Accumulated other comprehensive loss included a net deferred loss for Hedging Instruments in the amount of $0.5 million and $0.2 million at April 29, 2017 and January 28, 2017, respectively. The net deferred loss will be reclassified from accumulated other comprehensive loss to costs of goods sold during the next twelve months when the inventory is sold.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Apr. 29, 2017
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 2017 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 2006 through fiscal 2017, depending on each state’s particular statute of limitation. As of April 29, 2017, the examination by the Internal Revenue Service for the Company’s 2011, 2012, and 2013 U.S. federal tax years is still ongoing. During fiscal 2017, 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 will be sustained upon appeal or, if necessary, through litigation. Furthermore, various other state and local income tax returns are also under examination by taxing authorities. The Company has a $1.2 million liability recorded for unrecognized tax benefits as of January 28, 2017, which includes interest and penalties of $0.3 million. The Company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. All of the unrecognized tax benefits, if recognized, would affect the Company’s effective tax rate. During the three months ended April 29, 2017, the total amount of unrecognized tax benefits increased by approximately $38,000. The change to the total amount of the unrecognized tax benefit for the three months ended April 29, 2017 included an increase in interest and penalties of approximately $16,000. The Company does not currently anticipate a resolution within the next twelve months for any of the remaining unrecognized tax benefits as of April 29, 2017. The statute of limitations related to the Company’s fiscal 2011, 2012 and 2013 U.S. federal tax years has been extended as part of the examination and is not expected to lapse within the next twelve months. At the end of fiscal 2017, the Company maintained a $38.6 million valuation allowance against its remaining domestic deferred tax assets; including, but not limited to, the federal net operating loss carryforward and the U.S. state net operating loss carryforwards, whose utilization is not restricted by factors beyond the Company’s control. The establishment of valuation allowances and development of projected annual effective tax rates requires significant judgment and is impacted by various estimates. Both positive and negative evidence, as well as the objectivity and verifiability of that evidence, is considered in determining the appropriateness of recording a valuation allowance on deferred tax assets. An accumulation of recent pretax losses is considered strong negative evidence in that evaluation. Although the Company recognized pretax earnings in the first quarter of fiscal 2018, by itself that does not represent sufficient positive evidence that deferred tax assets will be realized to warrant removing the valuation allowances established against the U.S. deferred tax assets. Additionally, the Company’s cumulative pretax results for the past 36 months still remain in a loss position. The Company will be able to remove the valuation allowances in future periods when positive evidence outweighs the negative evidence from the relevant look-back period. Deferred tax assets without valuation allowances remain in certain foreign tax jurisdictions, where supported by the evidence.

STOCK OPTIONS, STOCK APPRECIATI

STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES	3 Months Ended
	Apr. 29, 2017
STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES	15. STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES During the three months ended April 29, 2017, the Company granted an aggregate of 72,307 shares of restricted stock to certain key employees, which vest primarily over a three-year period, at an estimated value of $1.5 million. This value is being recorded as compensation expense on a straight-line basis over the vesting period of the restricted stock. During the three months ended April 29, 2017, the Company granted performance based restricted stock to certain key employees. Such stock generally vests 100% in April 2020, provided that each employee is still an employee of the Company on such date, and the Company has met certain performance criteria. A total of 154,401 shares of performance-based restricted stock were issued at an estimated value of $3.3 million. During the three months ended April 29, 2017, the Company granted an aggregate of 10,953 shares of restricted stock units to a key employee, which vest primarily over a three-year period, at an estimated value of $0.2 million. This value is being recorded as compensation expense on a straight-line basis over the vesting period of the restricted stock. During the three months ended April 29, 2017, a total of 77,655 shares of restricted stock vested, of which 25,241 shares were withheld to cover the employees’ statutory income tax requirements. The estimated value of the withheld shares was $0.5 million.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Apr. 29, 2017
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 April 29, April 30, (in thousands) Revenues: Men’s Sportswear and Swim $ 185,866 $ 197,925 Women’s Sportswear 29,739 32,489 Direct-to-Consumer 18,218 20,461 Licensing 8,267 10,419 Total revenues $ 242,090 $ 261,294 Depreciation and amortization: Men’s Sportswear and Swim $ 1,851 $ 1,897 Women’s Sportswear 795 614 Direct-to-Consumer 766 896 Licensing 56 60 Total depreciation and amortization $ 3,468 $ 3,467 Operating income (loss): Men’s Sportswear and Swim $ 15,515 $ 16,942 Women’s Sportswear (969 ) (351 ) Direct-to-Consumer (4,101 ) (3,372 ) Licensing 5,976 8,464 Total operating income $ 16,421 $ 21,683 Total interest expense 1,956 2,025 Total net income before income taxes $ 14,465 $ 19,658

BENEFIT PLAN

BENEFIT PLAN	3 Months Ended
	Apr. 29, 2017
BENEFIT PLAN	17. BENEFIT PLAN The Company sponsored two qualified pension plans as a result of the Perry Ellis Menswear acquisition that occurred in June 2003. The plans were frozen and merged as of December 31, 2003. During fiscal 2015, the Board of Directors resolved to terminate the pension plan. As of January 28, 2017, the Company satisfied the regulatory requirements prescribed by the Internal Revenue Service and the Pension Benefit Guaranty Corporation and the distribution of plan assets was completed. The following table provides the components of net benefit cost for the plan during the first quarter of fiscal 2017: Three Months Ended April 30, 2016 (in thousands) Service cost $ 63 Interest cost 124 Expected return on plan assets (87 ) Amortization of net gain 155 Net periodic benefit cost $ 255

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Apr. 29, 2017
FAIR VALUE MEASUREMENTS	18. 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.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	3 Months Ended
	Apr. 29, 2017
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	19. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS The Company and several of its subsidiaries (the “Guarantors”) have fully and unconditionally guaranteed the senior subordinated notes payable on a joint and several basis. These guarantees are subject to release in limited circumstances (only upon the occurrence of certain customary conditions). The following are condensed consolidating financial statements, which present, in separate columns: Perry Ellis International, Inc., (Parent Only), the Guarantors on a combined, or where appropriate, consolidated basis, and the Non-Guarantors on a combined, or where appropriate, consolidated basis. Additional columns present eliminating adjustments and consolidated totals as of April 29, 2017 and January 28, 2017 and for the three months ended April 28, 2017 and April 30, 2016. The combined Guarantors are 100% owned subsidiaries of Perry Ellis International, Inc., and have fully and unconditionally guaranteed the senior subordinated notes payable on a joint and several basis. PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF APRIL 29, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 3,964 $ 22,440 $ — $ 26,404 Investment, at fair value — — 16,515 — 16,515 Accounts receivable, net — 155,542 28,126 — 183,668 Intercompany receivable, net 86,882 — — (86,882 ) — Inventories — 117,645 21,987 — 139,632 Prepaid income taxes — — — — — Prepaid expenses and other current assets — 5,322 965 — 6,287 Total current assets 86,882 282,473 90,033 (86,882 ) 372,506 Property and equipment, net — 58,360 2,308 — 60,668 Other intangible assets, net — 154,510 32,332 — 186,842 Deferred income taxes — — 461 — 461 Investment in subsidiaries 292,004 — — (292,004 ) — Other assets — 1,765 513 — 2,278 TOTAL $ 378,886 $ 497,108 $ 125,647 $ (378,886 ) $ 622,755 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 52,460 $ 7,764 $ — $ 60,224 Accrued expenses and other liabilities — 22,677 4,860 — 27,537 Accrued interest payable 543 — — — 543 Income taxes payable 767 589 392 — 1,748 Unearned revenues — 2,457 439 — 2,896 Intercompany payable, net — 74,155 20,432 (94,587 ) — Total current liabilities 1,310 152,338 33,887 (94,587 ) 92,948 Senior subordinated notes payable, net 49,709 — — — 49,709 Senior credit facility — 64,128 — — 64,128 Real estate mortgages — 33,369 — — 33,369 Unearned revenues and other long-term liabilities — 19,014 267 — 19,281 Deferred income taxes — 35,453 — — 35,453 Total long-term liabilities 49,709 151,964 267 — 201,940 Total liabilities 51,019 304,302 34,154 (94,587 ) 294,888 Total equity 327,867 192,806 91,493 (284,299 ) 327,867 TOTAL $ 378,886 $ 497,108 $ 125,647 $ (378,886 ) $ 622,755 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF JANUARY 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 2,578 $ 28,117 $ — $ 30,695 Investment, at fair value — — 10,921 — 10,921 Accounts receivable, net — 116,874 23,366 — 140,240 Intercompany receivable, net 85,028 — — (85,028 ) — Inventories — 126,557 24,694 — 151,251 Prepaid income taxes 549 — 25 1,073 1,647 Prepaid expenses and other current assets — 5,584 878 — 6,462 Total current assets 85,577 251,593 88,001 (83,955 ) 341,216 Property and equipment, net — 59,651 2,184 — 61,835 Other intangible assets, net — 154,719 32,332 — 187,051 Deferred income taxes — — 334 — 334 Investment in subsidiaries 279,233 — — (279,233 ) — Other assets — 1,797 472 — 2,269 TOTAL $ 364,810 $ 467,760 $ 123,323 $ (363,188 ) $ 592,705 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 79,600 $ 13,243 $ — $ 92,843 Accrued expenses and other liabilities — 15,543 5,318 — 20,861 Accrued interest payable 1,450 — — — 1,450 Income taxes payable — 623 — (623 ) — Unearned revenues — 2,353 357 — 2,710 Intercompany payable, net — 77,398 15,614 (93,012 ) — Total current liabilities 1,450 175,517 34,532 (93,635 ) 117,864 Senior subordinated notes payable, net 49,673 — — — 49,673 Senior credit facility — 22,504 — — 22,504 Real estate mortgages — 33,591 — — 33,591 Unearned revenues and other long-term liabilities — 17,945 326 — 18,271 Deferred income taxes — 35,419 — 1,696 37,115 Total long-term liabilities 49,673 109,459 326 1,696 161,154 Total liabilities 51,123 284,976 34,858 (91,939 ) 279,018 Total equity 313,687 182,784 88,465 (271,249 ) 313,687 TOTAL $ 364,810 $ 467,760 $ 123,323 $ (363,188 ) $ 592,705 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 29, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 206,686 $ 27,137 $ — $ 233,823 Royalty income — 5,386 2,881 — 8,267 Total revenues — 212,072 30,018 — 242,090 Cost of sales — 133,927 17,075 — 151,002 Gross profit — 78,145 12,943 — 91,088 Operating expenses: Selling, general and administrative expenses — 61,599 9,600 — 71,199 Depreciation and amortization — 3,210 258 — 3,468 Total operating expenses — 64,809 9,858 — 74,667 Operating income — 13,336 3,085 — 16,421 Interest expense — 1,989 (33 ) — 1,956 Net income before income taxes — 11,347 3,118 — 14,465 Income tax provision — 1,325 369 — 1,694 Equity in earnings of subsidiaries, net 12,771 — — (12,771 ) — Net income 12,771 10,022 2,749 (12,771 ) 12,771 Other comprehensive loss (77 ) — (77 ) 77 (77 ) Comprehensive income $ 12,694 $ 10,022 $ 2,672 $ (12,694 ) $ 12,694 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 30, 2016 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 224,905 $ 25,970 $ — $ 250,875 Royalty income — 7,214 3,205 — 10,419 Total revenues — 232,119 29,175 — 261,294 Cost of sales — 148,976 17,234 — 166,210 Gross profit — 83,143 11,941 — 95,084 Operating expenses: Selling, general and administrative expenses — 61,433 8,501 — 69,934 Depreciation and amortization — 3,191 276 — 3,467 Total operating expenses — 64,624 8,777 — 73,401 Operating income — 18,519 3,164 — 21,683 Interest expense — 2,034 (9 ) — 2,025 Net income before income taxes — 16,485 3,173 — 19,658 Income tax provision — 4,466 942 — 5,408 Equity in earnings of subsidiaries, net 14,250 — — (14,250 ) — Net income 14,250 12,019 2,231 (14,250 ) 14,250 Other comprehensive income 1,825 155 1,670 (1,825 ) 1,825 Comprehensive income $ 16,075 $ 12,174 $ 3,901 $ (16,075 ) $ 16,075 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 29, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 445 $ (33,893 ) $ (4,319 ) $ — $ (37,767 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (1,578 ) (323 ) — (1,901 ) Purchase of investments — — (10,256 ) — (10,256 ) Proceeds from investments maturities — — 4,655 — 4,655 Intercompany transactions (88 ) — — 88 — Net cash used in investing activities (88 ) (1,578 ) (5,924 ) 88 (7,502 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 98,764 — — 98,764 Payments on senior credit facility — (57,140 ) — — (57,140 ) Payments on real estate mortgages — (220 ) — — (220 ) Payments on capital leases — (69 ) — — (69 ) Proceeds from exercise of stock options 23 — — — 23 Intercompany transactions — (4,478 ) 4,946 (468 ) — Net cash provided by financing activities 23 36,857 4,946 (468 ) 41,358 Effect of exchange rate changes on cash and cash equivalents (380 ) — (380 ) 380 (380 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 1,386 (5,677 ) — (4,291 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 2,578 28,117 — 30,695 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,964 $ 22,440 $ — $ 26,404 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 30, 2016 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 6,192 $ (40,153 ) $ (7,745 ) $ 2,706 $ (39,000 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (3,742 ) (356 ) — (4,098 ) Purchase of investments — — (2,455 ) — (2,455 ) Proceeds from investments maturities — — 1,965 — 1,965 Intercompany transactions (5,993 ) — — 5,993 — Net cash used in investing activities (5,993 ) (3,742 ) (846 ) 5,993 (4,588 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 123,995 — — 123,995 Payments on senior credit facility — (84,881 ) — — (84,881 ) Payments on real estate mortgages — (212 ) — — (212 ) Payments on capital leases — (64 ) — — (64 ) Dividends paid to stockholder — — 2,706 (2,706 ) — Intercompany transactions — 7,681 (1,489 ) (6,192 ) — Net cash provided by financing activities — 46,519 1,217 (8,898 ) 38,838 Effect of exchange rate changes on cash and cash equivalents (199 ) — (199 ) 199 (199 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 2,624 (7,573 ) — (4,949 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 775 31,127 — 31,902 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,399 $ 23,554 $ — $ 26,953

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	3 Months Ended
	Apr. 29, 2017
Components of Accounts Receivable	Accounts receivable consisted of the following as of: April 29, January 28, (in thousands) Trade accounts $ 197,735 $ 151,370 Royalties 6,105 6,659 Other receivables 1,257 712 Total 205,097 158,741 Less: Allowances (21,429 ) (18,501 ) Total $ 183,668 $ 140,240

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Apr. 29, 2017
Summary of Inventories	Inventories consisted of the following as of: April 29, January 28, (in thousands) Finished goods $ 139,632 $ 151,251

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	Apr. 29, 2017
Investments	Investments consisted of the following as of April 29, 2017: Cost Gross Gross Estimated (in thousands) Marketable securities $ 12,031 $ — $ (5 ) $ 12,026 Certificates of deposit 4,490 — (1 ) 4,489 Total investments $ 16,521 $ — $ (6 ) $ 16,515 Investments consisted of the following as of January 28, 2017: Cost Gross Gross Estimated (in thousands) Marketable securities $ 3,258 $ — $ (8 ) $ 3,250 Certificates of deposit 7,675 — (4 ) 7,671 Total investments $ 10,933 $ — $ (12 ) $ 10,921

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Apr. 29, 2017
Summary of Property and Equipment	Property and equipment consisted of the following as of: April 29, January 28, (in thousands) Furniture, fixtures and equipment $ 92,879 $ 91,639 Buildings and building improvements 21,623 21,359 Vehicles 523 523 Leasehold improvements 47,943 48,799 Land 9,430 9,430 Total 172,398 171,750 Less: accumulated depreciation and amortization (111,730 ) (109,915 ) Total $ 60,668 $ 61,835
Summary of Property and Equipment Includes Assets Held under Capital Leases	The above table of property and equipment includes assets held under capital leases as of: April 29, January 28, (in thousands) Furniture, fixtures and equipment $ 810 $ 810 Less: accumulated depreciation and amortization (519 ) (452 ) Total $ 291 $ 358

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Apr. 29, 2017
Summary of Other Intangible Assets	Other intangible assets represent customer lists as of: April 29, January 28, (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (5,754 ) (5,545 ) Total $ 2,696 $ 2,905
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 28, 2017: (in thousands) 2018 $ 835 2019 793 2020 734 2021 543

LETTER OF CREDIT FACILITIES (Ta

LETTER OF CREDIT FACILITIES (Tables)	3 Months Ended
	Apr. 29, 2017
Borrowings and Availability under Letter of Credit Facilities	Borrowings and availability under letter of credit facilities consisted of the following as of: April 29, January 28, (in thousands) Total letter of credit facilities $ 30,000 $ 30,000 Outstanding letters of credit (10,788 ) (10,788 ) Total credit available $ 19,212 $ 19,212

NET INCOME PER SHARE (Tables)

NET INCOME PER SHARE (Tables)	3 Months Ended
	Apr. 29, 2017
Computation of Basic and Diluted Income Per Share	The following table sets forth the computation of basic and diluted income per share: Three Months Ended April 29, April 30, (in thousands, except per Numerator: Net income $ 12,771 $ 14,250 Denominator: Basic-weighted average shares 15,009 14,810 Dilutive effect: equity awards 294 250 Diluted-weighted average shares 15,303 15,060 Basic income per share $ 0.85 $ 0.96 Diluted income per share $ 0.83 $ 0.95 Antidilutive effect: (1) 392 804 (1) Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
	Apr. 29, 2017
Changes in Equity	The following table reflects the changes in equity: Changes in Equity (in thousands) Equity at January 30, 2017 $ 313,687 Comprehensive income 12,694 Share transactions under employee equity compensation plans 1,486 Equity at April 29, 2017 $ 327,867 Equity at January 30, 2016 $ 291,481 Comprehensive income 16,075 Share transactions under employee equity compensation plans 454 Equity at April 30, 2016 $ 308,010

ACCUMULATED OTHER COMPREHENSI34

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
	Apr. 29, 2017
Changes in Accumulated Other Comprehensive Loss by Component Net of Tax	Changes in accumulated other comprehensive loss by component, net of tax: Unrealized Foreign Unrealized Unrealized Total (in thousands) Balance, January 28, 2017 $ — $ (9,902 ) $ (12 ) $ (181 ) $ (10,095 ) Other comprehensive loss (income) before reclassifications — 279 6 (321 ) (36 ) Amounts reclassified from accumulated other comprehensive loss — — — (41 ) (41 ) Balance, April 29, 2017 $ — $ (9,623 ) $ (6 ) $ (543 ) $ (10,172 ) Unrealized Foreign Unrealized Total (in thousands) Balance, January 30, 2016 $ (7,368 ) $ (7,131 ) $ (9 ) $ (14,508 ) Other comprehensive income before reclassifications — 1,663 7 1,670 Amounts reclassified from accumulated other comprehensive income 155 — — 155 Balance, April 30, 2016 $ (7,213 ) $ (5,468 ) $ (2 ) $ (12,683 )
Summary of Impact on Condensed Consolidated Statement of Income Line Items	A summary of the impact on the condensed consolidated statement of income line items is as follows: Statement of Operations Location Three Months Ended April 29, April 30, Amortization of defined benefit pension items actuarial gains Selling, general and administrative expenses $ — $ 155 Forward contract gain reclassified from accumulated other comprehensive loss to income Cost of goods sold (41 ) — Tax provision Income tax provision — — Total, net of tax $ (41 ) $ 155

DERIVATIVE FINANCIAL INSTRUME35

DERIVATIVE FINANCIAL INSTRUMENT - Cash Flow Hedges (Tables) - Designated as Hedging Instrument	3 Months Ended
	Apr. 29, 2017
Fair Value and Classification of Hedging Instruments in Balance Sheet and Statement of Operations	The following table summarizes the effects, fair value and balance sheet classification of the Company’s Hedging Instruments. Derivatives Designated As Hedging Instruments Balance sheet April 29, January 28, (in thousands) Foreign currency forward exchange contract (inventory purchases) Accounts Payable $ 543 $ 181 Total $ 543 $ 181
Summary of Effect and Classification of Hedging Instruments	The following table summarizes the effect and classification of the Company’s Hedging Instruments. Statement of Three Months Ended Derivatives Designated As Hedging Instruments April 29, April 30, (in thousands) Foreign currency forward exchange contract (inventory purchases): Gain reclassified from accumulated other comprehensive loss to income Cost of goods sold $ (41 ) $ — $ (41 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Apr. 29, 2017
Segment Information	The Company allocates certain corporate selling, general and administrative expenses based primarily on the revenues generated by the segments. Three Months Ended April 29, April 30, (in thousands) Revenues: Men’s Sportswear and Swim $ 185,866 $ 197,925 Women’s Sportswear 29,739 32,489 Direct-to-Consumer 18,218 20,461 Licensing 8,267 10,419 Total revenues $ 242,090 $ 261,294 Depreciation and amortization: Men’s Sportswear and Swim $ 1,851 $ 1,897 Women’s Sportswear 795 614 Direct-to-Consumer 766 896 Licensing 56 60 Total depreciation and amortization $ 3,468 $ 3,467 Operating income (loss): Men’s Sportswear and Swim $ 15,515 $ 16,942 Women’s Sportswear (969 ) (351 ) Direct-to-Consumer (4,101 ) (3,372 ) Licensing 5,976 8,464 Total operating income $ 16,421 $ 21,683 Total interest expense 1,956 2,025 Total net income before income taxes $ 14,465 $ 19,658

BENEFIT PLAN (Tables)

BENEFIT PLAN (Tables)	3 Months Ended
	Apr. 29, 2017
Components of Net Benefit Cost	The following table provides the components of net benefit cost for the plan during the first quarter of fiscal 2017: Three Months Ended April 30, 2016 (in thousands) Service cost $ 63 Interest cost 124 Expected return on plan assets (87 ) Amortization of net gain 155 Net periodic benefit cost $ 255

CONDENSED CONSOLIDATING FINAN38

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Apr. 29, 2017
Condensed Consolidating Balance Sheet	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF APRIL 29, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 3,964 $ 22,440 $ — $ 26,404 Investment, at fair value — — 16,515 — 16,515 Accounts receivable, net — 155,542 28,126 — 183,668 Intercompany receivable, net 86,882 — — (86,882 ) — Inventories — 117,645 21,987 — 139,632 Prepaid income taxes — — — — — Prepaid expenses and other current assets — 5,322 965 — 6,287 Total current assets 86,882 282,473 90,033 (86,882 ) 372,506 Property and equipment, net — 58,360 2,308 — 60,668 Other intangible assets, net — 154,510 32,332 — 186,842 Deferred income taxes — — 461 — 461 Investment in subsidiaries 292,004 — — (292,004 ) — Other assets — 1,765 513 — 2,278 TOTAL $ 378,886 $ 497,108 $ 125,647 $ (378,886 ) $ 622,755 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 52,460 $ 7,764 $ — $ 60,224 Accrued expenses and other liabilities — 22,677 4,860 — 27,537 Accrued interest payable 543 — — — 543 Income taxes payable 767 589 392 — 1,748 Unearned revenues — 2,457 439 — 2,896 Intercompany payable, net — 74,155 20,432 (94,587 ) — Total current liabilities 1,310 152,338 33,887 (94,587 ) 92,948 Senior subordinated notes payable, net 49,709 — — — 49,709 Senior credit facility — 64,128 — — 64,128 Real estate mortgages — 33,369 — — 33,369 Unearned revenues and other long-term liabilities — 19,014 267 — 19,281 Deferred income taxes — 35,453 — — 35,453 Total long-term liabilities 49,709 151,964 267 — 201,940 Total liabilities 51,019 304,302 34,154 (94,587 ) 294,888 Total equity 327,867 192,806 91,493 (284,299 ) 327,867 TOTAL $ 378,886 $ 497,108 $ 125,647 $ (378,886 ) $ 622,755 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF JANUARY 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 2,578 $ 28,117 $ — $ 30,695 Investment, at fair value — — 10,921 — 10,921 Accounts receivable, net — 116,874 23,366 — 140,240 Intercompany receivable, net 85,028 — — (85,028 ) — Inventories — 126,557 24,694 — 151,251 Prepaid income taxes 549 — 25 1,073 1,647 Prepaid expenses and other current assets — 5,584 878 — 6,462 Total current assets 85,577 251,593 88,001 (83,955 ) 341,216 Property and equipment, net — 59,651 2,184 — 61,835 Other intangible assets, net — 154,719 32,332 — 187,051 Deferred income taxes — — 334 — 334 Investment in subsidiaries 279,233 — — (279,233 ) — Other assets — 1,797 472 — 2,269 TOTAL $ 364,810 $ 467,760 $ 123,323 $ (363,188 ) $ 592,705 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 79,600 $ 13,243 $ — $ 92,843 Accrued expenses and other liabilities — 15,543 5,318 — 20,861 Accrued interest payable 1,450 — — — 1,450 Income taxes payable — 623 — (623 ) — Unearned revenues — 2,353 357 — 2,710 Intercompany payable, net — 77,398 15,614 (93,012 ) — Total current liabilities 1,450 175,517 34,532 (93,635 ) 117,864 Senior subordinated notes payable, net 49,673 — — — 49,673 Senior credit facility — 22,504 — — 22,504 Real estate mortgages — 33,591 — — 33,591 Unearned revenues and other long-term liabilities — 17,945 326 — 18,271 Deferred income taxes — 35,419 — 1,696 37,115 Total long-term liabilities 49,673 109,459 326 1,696 161,154 Total liabilities 51,123 284,976 34,858 (91,939 ) 279,018 Total equity 313,687 182,784 88,465 (271,249 ) 313,687 TOTAL $ 364,810 $ 467,760 $ 123,323 $ (363,188 ) $ 592,705
Condensed Consolidating Statement of Comprehensive Income	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 29, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 206,686 $ 27,137 $ — $ 233,823 Royalty income — 5,386 2,881 — 8,267 Total revenues — 212,072 30,018 — 242,090 Cost of sales — 133,927 17,075 — 151,002 Gross profit — 78,145 12,943 — 91,088 Operating expenses: Selling, general and administrative expenses — 61,599 9,600 — 71,199 Depreciation and amortization — 3,210 258 — 3,468 Total operating expenses — 64,809 9,858 — 74,667 Operating income — 13,336 3,085 — 16,421 Interest expense — 1,989 (33 ) — 1,956 Net income before income taxes — 11,347 3,118 — 14,465 Income tax provision — 1,325 369 — 1,694 Equity in earnings of subsidiaries, net 12,771 — — (12,771 ) — Net income 12,771 10,022 2,749 (12,771 ) 12,771 Other comprehensive loss (77 ) — (77 ) 77 (77 ) Comprehensive income $ 12,694 $ 10,022 $ 2,672 $ (12,694 ) $ 12,694 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 30, 2016 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 224,905 $ 25,970 $ — $ 250,875 Royalty income — 7,214 3,205 — 10,419 Total revenues — 232,119 29,175 — 261,294 Cost of sales — 148,976 17,234 — 166,210 Gross profit — 83,143 11,941 — 95,084 Operating expenses: Selling, general and administrative expenses — 61,433 8,501 — 69,934 Depreciation and amortization — 3,191 276 — 3,467 Total operating expenses — 64,624 8,777 — 73,401 Operating income — 18,519 3,164 — 21,683 Interest expense — 2,034 (9 ) — 2,025 Net income before income taxes — 16,485 3,173 — 19,658 Income tax provision — 4,466 942 — 5,408 Equity in earnings of subsidiaries, net 14,250 — — (14,250 ) — Net income 14,250 12,019 2,231 (14,250 ) 14,250 Other comprehensive income 1,825 155 1,670 (1,825 ) 1,825 Comprehensive income $ 16,075 $ 12,174 $ 3,901 $ (16,075 ) $ 16,075
Condensed Consolidating Statement of Cash Flows	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 29, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 445 $ (33,893 ) $ (4,319 ) $ — $ (37,767 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (1,578 ) (323 ) — (1,901 ) Purchase of investments — — (10,256 ) — (10,256 ) Proceeds from investments maturities — — 4,655 — 4,655 Intercompany transactions (88 ) — — 88 — Net cash used in investing activities (88 ) (1,578 ) (5,924 ) 88 (7,502 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 98,764 — — 98,764 Payments on senior credit facility — (57,140 ) — — (57,140 ) Payments on real estate mortgages — (220 ) — — (220 ) Payments on capital leases — (69 ) — — (69 ) Proceeds from exercise of stock options 23 — — — 23 Intercompany transactions — (4,478 ) 4,946 (468 ) — Net cash provided by financing activities 23 36,857 4,946 (468 ) 41,358 Effect of exchange rate changes on cash and cash equivalents (380 ) — (380 ) 380 (380 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 1,386 (5,677 ) — (4,291 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 2,578 28,117 — 30,695 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,964 $ 22,440 $ — $ 26,404 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 30, 2016 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 6,192 $ (40,153 ) $ (7,745 ) $ 2,706 $ (39,000 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (3,742 ) (356 ) — (4,098 ) Purchase of investments — — (2,455 ) — (2,455 ) Proceeds from investments maturities — — 1,965 — 1,965 Intercompany transactions (5,993 ) — — 5,993 — Net cash used in investing activities (5,993 ) (3,742 ) (846 ) 5,993 (4,588 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 123,995 — — 123,995 Payments on senior credit facility — (84,881 ) — — (84,881 ) Payments on real estate mortgages — (212 ) — — (212 ) Payments on capital leases — (64 ) — — (64 ) Dividends paid to stockholder — — 2,706 (2,706 ) — Intercompany transactions — 7,681 (1,489 ) (6,192 ) — Net cash provided by financing activities — 46,519 1,217 (8,898 ) 38,838 Effect of exchange rate changes on cash and cash equivalents (199 ) — (199 ) 199 (199 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 2,624 (7,573 ) — (4,949 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 775 31,127 — 31,902 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,399 $ 23,554 $ — $ 26,953

Recent Accounting Pronounceme39

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in prepaid income taxes	$ (1,737)	$ (1,878)
ASU 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in prepaid income taxes	(1,700)
Changes in deferred tax liabilities	$ (1,700)

Components of Accounts Receivab

Components of Accounts Receivable (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 205,097	$ 158,741
Less: Allowances	(21,429)	(18,501)
Total	183,668	140,240
Trade Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	197,735	151,370
Royalties Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	6,105	6,659
Other Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 1,257	$ 712

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Inventory [Line Items]
Finished goods	$ 139,632	$ 151,251

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Schedule of Investments [Line Items]
Cost	$ 16,521	$ 10,933
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(6)	(12)
Estimated Fair Value	16,515	10,921
Marketable securities
Schedule of Investments [Line Items]
Cost	12,031	3,258
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5)	(8)
Estimated Fair Value	12,026	3,250
Certificates of Deposit
Schedule of Investments [Line Items]
Cost	4,490	7,675
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1)	(4)
Estimated Fair Value	$ 4,489	$ 7,671

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Property, Plant and Equipment [Line Items]
Total	$ 172,398	$ 171,750
Less: accumulated depreciation and amortization	(111,730)	(109,915)
Total	60,668	61,835
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	92,879	91,639
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Total	21,623	21,359
Vehicles
Property, Plant and Equipment [Line Items]
Total	523	523
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total	47,943	48,799
Land
Property, Plant and Equipment [Line Items]
Total	$ 9,430	$ 9,430

Summary of Property and Equipme

Summary of Property and Equipment Includes Assets Held under Capital Leases (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Property, Plant and Equipment [Line Items]
Furniture, fixtures and equipment	$ 810	$ 810
Less: accumulated depreciation and amortization	(519)	(452)
Total	$ 291	$ 358

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense related to property and equipment	$ 3.3	$ 3.3

Other Intangible Assets - Addit

Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016	Jan. 28, 2017
Intangible Assets [Line Items]
Intangible assets amortized estimated useful lives	10 years
Customer Lists
Intangible Assets [Line Items]
Amortization expense	$ 0.2	$ 0.2
Trademarks
Intangible Assets [Line Items]
Trademarks included in other intangible assets, net	$ 184.1		$ 184.1

Intangible Assets (Detail)

Intangible Assets (Detail) - Customer Lists - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Finite-Lived Intangible Assets [Line Items]
Customer lists	$ 8,450	$ 8,450
Less: accumulated amortization	(5,754)	(5,545)
Total	$ 2,696	$ 2,905

Schedule of Estimated Amortizat

Schedule of Estimated Amortization Expense for Future Periods (Detail) $ in Thousands	Jan. 28, 2017USD ($)
Finite-Lived Intangible Assets [Line Items]
Estimated amortization expense 2018	$ 835
Estimated amortization expense 2019	793
Estimated amortization expense 2020	734
Estimated amortization expense 2021	$ 543

Letter of Credit Facilities (De

Letter of Credit Facilities (Detail) - Letter of Credit - USD ($)	Apr. 29, 2017	Jan. 28, 2017
Line of Credit Facility [Line Items]
Total letter of credit facilities	$ 30,000,000	$ 30,000,000
Outstanding letters of credit	(10,788,000)	(10,788,000)
Total credit available	$ 19,212,000	$ 19,212,000

Advertising and Related Costs -

Advertising and Related Costs - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Advertising Costs [Line Items]
Advertising and related costs	$ 4	$ 4.3

Computation of Basic and Dilute

Computation of Basic and Diluted Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Apr. 29, 2017	Apr. 30, 2016
Numerator:
Net income		$ 12,771	$ 14,250
Denominator:
Basic - weighted average shares		15,009	14,810
Dilutive effect: equity awards		294	250
Diluted - weighted average shares		15,303	15,060
Basic income per share		$ 0.85	$ 0.96
Diluted income per share		$ 0.83	$ 0.95
Antidilutive effect	[1]	392	804
[1]	Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.

Equity (Detail)

Equity (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Equity [Line Items]
Beginning Balance	$ 313,687	$ 291,481
Comprehensive income	12,694	16,075
Share transactions under employee equity compensation plans	1,486	454
Ending Balance	$ 327,867	$ 308,010

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 313,687	$ 291,481
Other comprehensive loss (income) before reclassifications	(36)	1,670
Amounts reclassified from accumulated other comprehensive income (loss)	(41)	155
Ending Balance	327,867	308,010
Unrealized (Loss) Gain on Pension Liability
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance		(7,368)
Amounts reclassified from accumulated other comprehensive income (loss)		155
Ending Balance		(7,213)
Foreign Currency Translation Adjustments, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(9,902)	(7,131)
Other comprehensive loss (income) before reclassifications	279	1,663
Ending Balance	(9,623)	(5,468)
Unrealized (Loss) Gain on Investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(12)	(9)
Other comprehensive loss (income) before reclassifications	6	7
Ending Balance	(6)	(2)
Unrealized Gain on Forward Contract
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(181)
Other comprehensive loss (income) before reclassifications	(321)
Amounts reclassified from accumulated other comprehensive income (loss)	(41)
Ending Balance	(543)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(10,095)	(14,508)
Ending Balance	$ (10,172)	$ (12,683)

Summary of Impact on Condensed

Summary of Impact on Condensed Consolidated Statement of Income Line Items (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ 71,199	$ 69,934
Cost of goods sold	151,002	166,210
Tax provision	1,694	5,408
Total, net of tax	(41)	155
Unrealized (Loss) Gain on Pension Liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total, net of tax		155
Reclassification out of Accumulated Other Comprehensive Income | Actuarial Gains
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses		155
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	(41)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized (Loss) Gain on Pension Liability
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax provision	$ 0	$ 0

Derivative Financial Instrume55

Derivative Financial Instrument - Cash Flow Hedges - Additional Information (Detail) - USD ($)	Apr. 29, 2017	Apr. 29, 2017	Jan. 28, 2017
Derivative [Line Items]
Cash flow hedge ineffectiveness	$ 0
Foreign currency forward exchange contract loss to be reclassified during next 12 months	500,000	$ 500,000	$ 200,000
Foreign currency forward exchange contract | Cash Flow Hedging
Derivative [Line Items]
Derivative instrument, hedging percentage		45.00%
Notional amount outstanding	$ 12,500,000	$ 12,500,000	$ 15,000,000
Derivative maturity, month and year		2018-01

Fair Value and Balance Sheet Cl

Fair Value and Balance Sheet Classification of Hedging Instruments (Detail) - Designated as Hedging Instrument - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Derivatives, Fair Value [Line Items]
Derivative financial instrument, fair value	$ 543	$ 181
Foreign currency forward exchange contract | Accounts Payable | Level 2
Derivatives, Fair Value [Line Items]
Derivative financial instrument, fair value	$ 543	$ 181

Summary of Effect and Classific

Summary of Effect and Classification of the Company's Hedging Instruments (Detail) - Designated as Hedging Instrument $ in Thousands	3 Months Ended
	Apr. 29, 2017USD ($)
Derivatives, Fair Value [Line Items]
Gain reclassified from accumulated other comprehensive loss to income	$ (41)
Foreign currency forward exchange contract | Cost of goods sold | Level 2
Derivatives, Fair Value [Line Items]
Gain reclassified from accumulated other comprehensive loss to income	$ (41)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 29, 2017	Jan. 31, 2015	Jan. 28, 2017
Income Tax Disclosure [Line Items]
Unrecognized tax benefits			$ 1,200,000
Unrecognized tax benefits, interest and penalties			300,000
Unrecognized tax benefits, increase	$ 38,000
Increase in interest and penalties	16,000
Deferred Tax Assets, Valuation Allowance against remaining assets			$ 38,600,000
Internal Revenue Service (IRS) | Earliest Tax Year
Income Tax Disclosure [Line Items]
Open tax years		2,011
Internal Revenue Service (IRS) | Latest Tax Year
Income Tax Disclosure [Line Items]
Open tax years		2,017
Internal Revenue Service (IRS) | Tax Year 2011
Income Tax Disclosure [Line Items]
Year selected for income tax examination year		2,011
Adjustments to taxable income	6,100,000
Internal Revenue Service (IRS) | Tax Year 2012
Income Tax Disclosure [Line Items]
Year selected for income tax examination year		2,012
Adjustments to taxable income	5,300,000
Internal Revenue Service (IRS) | Tax Year 2013
Income Tax Disclosure [Line Items]
Year selected for income tax examination year		2,013
Adjustments to taxable income	$ 6,800,000

Stock Options, Stock Apprecia59

Stock Options, Stock Appreciation Rights and Restricted Shares - Additional Information (Detail) $ in Millions	3 Months Ended
	Apr. 29, 2017USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock tax withheld	25,241
Number of restricted stock tax withholding value | $	$ 0.5
Subject to Withholding
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock vested	77,655
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded	72,307
Fair value of stock granted | $	$ 1.5
Vesting period of awards	3 years
Performance Based Restricted Stock Awards | Second Amended And Restated Long Term Incentive Compensation Plan, 2005
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded	154,401
Awards expected vesting percentage	100.00%
Award vesting date	2020-04
Value of award granted | $	$ 3.3
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded	10,953
Fair value of stock granted | $	$ 0.2
Vesting period of awards	3 years

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Apr. 29, 2017Segment
Segment Reporting Information [Line Items]
Number of reportable segments	4

Revenues Generated by Segments

Revenues Generated by Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Segment Reporting Information [Line Items]
Total revenues	$ 242,090	$ 261,294
Total depreciation and amortization	3,468	3,467
Total operating income	16,421	21,683
Total interest expense	1,956	2,025
Total net income before income taxes	14,465	19,658
Men's Sportswear and Swim
Segment Reporting Information [Line Items]
Total revenues	185,866	197,925
Total depreciation and amortization	1,851	1,897
Total operating income	15,515	16,942
Women's Sportswear
Segment Reporting Information [Line Items]
Total revenues	29,739	32,489
Total depreciation and amortization	795	614
Total operating income	(969)	(351)
Direct-to-Consumer
Segment Reporting Information [Line Items]
Total revenues	18,218	20,461
Total depreciation and amortization	766	896
Total operating income	(4,101)	(3,372)
Licensing
Segment Reporting Information [Line Items]
Total revenues	8,267	10,419
Total depreciation and amortization	56	60
Total operating income	$ 5,976	$ 8,464

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail) - CompensationPlan	1 Months Ended	3 Months Ended
	Jun. 30, 2003	Apr. 29, 2017
Defined Benefit Plan Disclosure [Line Items]
Number of qualified pension plans	2	1

Components of Net Benefit Cost

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

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior subordinated notes payable, net	$ 49,709	$ 49,673
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts of the real estate mortgages	34,200	34,500
Level 2 | Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the 7 7/8% senior subordinated notes payable	$ 50,100	$ 50,100
Debt instrument stated interest rate	7.875%	7.875%

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016	Jan. 30, 2016
Current Assets:
Cash and cash equivalents	$ 26,404	$ 30,695	$ 26,953	$ 31,902
Investment, at fair value	16,515	10,921
Accounts receivable, net	183,668	140,240
Inventories	139,632	151,251
Prepaid income taxes		1,647
Prepaid expenses and other current assets	6,287	6,462
Total current assets	372,506	341,216
Property and equipment, net	60,668	61,835
Other intangible assets, net	186,842	187,051
Deferred income taxes	461	334
Other assets	2,278	2,269
TOTAL	622,755	592,705
Current Liabilities:
Accounts payable	60,224	92,843
Accrued expenses and other liabilities	27,537	20,861
Accrued interest payable	543	1,450
Income taxes payable	1,748
Unearned revenues	2,896	2,710
Total current liabilities	92,948	117,864
Senior subordinated notes payable, net	49,709	49,673
Senior credit facility	64,128	22,504
Real estate mortgages	33,369	33,591
Unearned revenues and other long-term liabilities	19,281	18,271
Deferred income taxes	35,453	37,115
Total long-term liabilities	201,940	161,154
Total liabilities	294,888	279,018
Total equity	327,867	313,687	308,010	291,481
TOTAL	622,755	592,705
Parent
Current Assets:
Intercompany receivable, net	86,882	85,028
Prepaid income taxes		549
Total current assets	86,882	85,577
Investment in subsidiaries	292,004	279,233
TOTAL	378,886	364,810
Current Liabilities:
Accrued interest payable	543	1,450
Income taxes payable	767
Total current liabilities	1,310	1,450
Senior subordinated notes payable, net	49,709	49,673
Total long-term liabilities	49,709	49,673
Total liabilities	51,019	51,123
Total equity	327,867	313,687
TOTAL	378,886	364,810
Guarantors
Current Assets:
Cash and cash equivalents	3,964	2,578	3,399	775
Accounts receivable, net	155,542	116,874
Inventories	117,645	126,557
Prepaid expenses and other current assets	5,322	5,584
Total current assets	282,473	251,593
Property and equipment, net	58,360	59,651
Other intangible assets, net	154,510	154,719
Other assets	1,765	1,797
TOTAL	497,108	467,760
Current Liabilities:
Accounts payable	52,460	79,600
Accrued expenses and other liabilities	22,677	15,543
Income taxes payable	589	623
Unearned revenues	2,457	2,353
Intercompany payable, net	74,155	77,398
Total current liabilities	152,338	175,517
Senior credit facility	64,128	22,504
Real estate mortgages	33,369	33,591
Unearned revenues and other long-term liabilities	19,014	17,945
Deferred income taxes	35,453	35,419
Total long-term liabilities	151,964	109,459
Total liabilities	304,302	284,976
Total equity	192,806	182,784
TOTAL	497,108	467,760
Non-Guarantors
Current Assets:
Cash and cash equivalents	22,440	28,117	$ 23,554	$ 31,127
Investment, at fair value	16,515	10,921
Accounts receivable, net	28,126	23,366
Inventories	21,987	24,694
Prepaid income taxes		25
Prepaid expenses and other current assets	965	878
Total current assets	90,033	88,001
Property and equipment, net	2,308	2,184
Other intangible assets, net	32,332	32,332
Deferred income taxes	461	334
Other assets	513	472
TOTAL	125,647	123,323
Current Liabilities:
Accounts payable	7,764	13,243
Accrued expenses and other liabilities	4,860	5,318
Income taxes payable	392
Unearned revenues	439	357
Intercompany payable, net	20,432	15,614
Total current liabilities	33,887	34,532
Unearned revenues and other long-term liabilities	267	326
Total long-term liabilities	267	326
Total liabilities	34,154	34,858
Total equity	91,493	88,465
TOTAL	125,647	123,323
Eliminations
Current Assets:
Intercompany receivable, net	(86,882)	(85,028)
Prepaid income taxes		1,073
Total current assets	(86,882)	(83,955)
Investment in subsidiaries	(292,004)	(279,233)
TOTAL	(378,886)	(363,188)
Current Liabilities:
Income taxes payable		(623)
Intercompany payable, net	(94,587)	(93,012)
Total current liabilities	(94,587)	(93,635)
Deferred income taxes		1,696
Total long-term liabilities		1,696
Total liabilities	(94,587)	(91,939)
Total equity	(284,299)	(271,249)
TOTAL	$ (378,886)	$ (363,188)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Revenues:
Net sales	$ 233,823	$ 250,875
Royalty income	8,267	10,419
Total revenues	242,090	261,294
Cost of sales	151,002	166,210
Gross profit	91,088	95,084
Operating expenses:
Selling, general and administrative expenses	71,199	69,934
Depreciation and amortization	3,468	3,467
Total operating expenses	74,667	73,401
Operating income	16,421	21,683
Interest expense	1,956	2,025
Net income before income taxes	14,465	19,658
Income tax provision	1,694	5,408
Net income	12,771	14,250
Other comprehensive (loss) income	(77)	1,825
Comprehensive income	12,694	16,075
Parent
Operating expenses:
Equity in earnings of subsidiaries, net	12,771	14,250
Net income	12,771	14,250
Other comprehensive (loss) income	(77)	1,825
Comprehensive income	12,694	16,075
Guarantors
Revenues:
Net sales	206,686	224,905
Royalty income	5,386	7,214
Total revenues	212,072	232,119
Cost of sales	133,927	148,976
Gross profit	78,145	83,143
Operating expenses:
Selling, general and administrative expenses	61,599	61,433
Depreciation and amortization	3,210	3,191
Total operating expenses	64,809	64,624
Operating income	13,336	18,519
Interest expense	1,989	2,034
Net income before income taxes	11,347	16,485
Income tax provision	1,325	4,466
Net income	10,022	12,019
Other comprehensive (loss) income		155
Comprehensive income	10,022	12,174
Non-Guarantors
Revenues:
Net sales	27,137	25,970
Royalty income	2,881	3,205
Total revenues	30,018	29,175
Cost of sales	17,075	17,234
Gross profit	12,943	11,941
Operating expenses:
Selling, general and administrative expenses	9,600	8,501
Depreciation and amortization	258	276
Total operating expenses	9,858	8,777
Operating income	3,085	3,164
Interest expense	(33)	(9)
Net income before income taxes	3,118	3,173
Income tax provision	369	942
Net income	2,749	2,231
Other comprehensive (loss) income	(77)	1,670
Comprehensive income	2,672	3,901
Eliminations
Operating expenses:
Equity in earnings of subsidiaries, net	(12,771)	(14,250)
Net income	(12,771)	(14,250)
Other comprehensive (loss) income	77	(1,825)
Comprehensive income	$ (12,694)	$ (16,075)

Condensed Consolidating State67

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	$ (37,767)	$ (39,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(1,901)	(4,098)
Purchase of investments	(10,256)	(2,455)
Proceeds from investments maturities	4,655	1,965
Net cash used in investing activities	(7,502)	(4,588)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	98,764	123,995
Payments on senior credit facility	(57,140)	(84,881)
Payments on real estate mortgages	(220)	(212)
Payments on capital leases	(69)	(64)
Proceeds from exercise of stock options	23
Net cash provided by financing activities	41,358	38,838
Effect of exchange rate changes on cash and cash equivalents	(380)	(199)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(4,291)	(4,949)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	30,695	31,902
CASH AND CASH EQUIVALENTS AT END OF PERIOD	26,404	26,953
Parent
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	445	6,192
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions	(88)	(5,993)
Net cash used in investing activities	(88)	(5,993)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options	23
Net cash provided by financing activities	23
Effect of exchange rate changes on cash and cash equivalents	(380)	(199)
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	(33,893)	(40,153)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(1,578)	(3,742)
Net cash used in investing activities	(1,578)	(3,742)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	98,764	123,995
Payments on senior credit facility	(57,140)	(84,881)
Payments on real estate mortgages	(220)	(212)
Payments on capital leases	(69)	(64)
Intercompany transactions	(4,478)	7,681
Net cash provided by financing activities	36,857	46,519
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,386	2,624
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	2,578	775
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3,964	3,399
Non-Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	(4,319)	(7,745)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(323)	(356)
Purchase of investments	(10,256)	(2,455)
Proceeds from investments maturities	4,655	1,965
Net cash used in investing activities	(5,924)	(846)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid to stockholder		2,706
Intercompany transactions	4,946	(1,489)
Net cash provided by financing activities	4,946	1,217
Effect of exchange rate changes on cash and cash equivalents	(380)	(199)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(5,677)	(7,573)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	28,117	31,127
CASH AND CASH EQUIVALENTS AT END OF PERIOD	22,440	23,554
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:		2,706
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions	88	5,993
Net cash used in investing activities	88	5,993
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid to stockholder		(2,706)
Intercompany transactions	(468)	(6,192)
Net cash provided by financing activities	(468)	(8,898)
Effect of exchange rate changes on cash and cash equivalents	$ 380	$ 199