Perry Ellis International (PERY) 10-Q 1 Dec 17 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 28, 2017	Nov. 24, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 28, 2017
Document Fiscal Year Focus	2,018
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	--01-27
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		15,668,000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Current Assets:
Cash and cash equivalents	$ 26,524	$ 30,695
Investments, at fair value	25,596	10,921
Accounts receivable, net	133,843	140,240
Inventories	129,293	151,251
Prepaid income taxes		1,647
Prepaid expenses and other current assets	5,718	6,462
Total current assets	320,974	341,216
Property and equipment, net	57,511	61,835
Other intangible assets, net	186,425	187,051
Deferred income tax	446	334
Other assets	1,942	2,269
TOTAL	567,298	592,705
Current Liabilities:
Accounts payable	51,440	92,843
Accrued expenses and other liabilities	34,563	20,861
Accrued interest payable	400	1,450
Accrued income taxes payable	1,055
Unearned revenues	2,591	2,710
Total current liabilities	90,049	117,864
Senior subordinated notes payable, net	49,780	49,673
Senior credit facility	7,917	22,504
Real estate mortgages	32,937	33,591
Other long-term liabilities	15,327	18,271
Deferred income taxes	36,759	37,115
Total long-term liabilities	142,720	161,154
Total liabilities	232,769	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; 15,688,189 shares issued and outstanding as of October 28, 2017 and 15,530,273 shares issued and outstanding as of January 28, 2017	157	155
Additional paid-in-capital	150,173	147,300
Retained earnings	193,292	176,327
Accumulated other comprehensive loss	(9,093)	(10,095)
Total equity	334,529	313,687
TOTAL	$ 567,298	$ 592,705

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 28, 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	15,688,189	15,530,273
Common stock, shares outstanding	15,688,189	15,530,273

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Revenues:
Net sales	$ 190,389	$ 185,298	$ 622,606	$ 629,514
Royalty income	8,449	8,661	24,931	27,392
Total revenues	198,838	193,959	647,537	656,906
Cost of sales	124,760	122,856	405,891	416,888
Gross profit	74,078	71,103	241,646	240,018
Operating expenses:
Selling, general and administrative expenses	65,172	72,846	204,783	215,434
Depreciation and amortization	3,586	3,534	10,550	10,717
Total operating expenses	68,758	76,380	215,333	226,151
Operating income (loss)	5,320	(5,277)	26,313	13,867
Interest expense	1,613	1,738	5,438	5,652
Net income (loss) before income taxes	3,707	(7,015)	20,875	8,215
Income tax provision (benefit)	492	(1,850)	3,910	2,695
Net income (loss)	$ 3,215	$ (5,165)	$ 16,965	$ 5,520
Net income (loss) per share:
Basic	$ 0.21	$ (0.34)	$ 1.13	$ 0.37
Diluted	$ 0.21	$ (0.34)	$ 1.11	$ 0.36
Weighted average number of shares outstanding
Basic	15,115	14,991	15,066	14,920
Diluted	15,413	14,991	15,335	15,169

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Net income (loss)	$ 3,215	$ (5,165)	$ 16,965	$ 5,520
Other comprehensive (loss) income:
Foreign currency translation adjustments, net	(276)	(2,342)	1,276	(3,772)
Unrealized gain on pension liability, net of tax		8,142		8,452
Unrealized gain (loss) on forward contract	47	255	(357)	255
Unrealized gain (loss) on investments	5	(10)	5	7
Reclassification adjustment, net of tax	86	8,455	78	8,765
Total other comprehensive (loss) income	(138)	6,045	1,002	4,942
Comprehensive income	$ 3,077	$ 880	$ 17,967	$ 10,462

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 16,965	$ 5,520
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,793	11,013
Provision for bad debts	1,794	680
Amortization of debt issue cost	303	309
Amortization of premiums and discounts	78	42
Amortization of unrealized loss on pension liability		465
Pension settlement charge		8,300
Deferred income taxes	(468)	1,221
Share-based compensation	4,768	5,104
Changes in operating assets and liabilities, net of acquisitions
Accounts receivable, net	5,485	506
Inventories	22,959	69,012
Prepaid income taxes	1,684	17
Prepaid expenses and other current assets	792	402
Other assets	(118)	121
Deferred pension obligation		(5,516)
Accounts payable and accrued expenses	(28,675)	(61,656)
Accrued interest payable	(1,050)	(993)
Income taxes payable	1,043
Unearned revenues and other liabilities	(2,998)	3,640
Net cash provided by operating activities	33,355	38,187
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(5,571)	(9,334)
Purchases of investments	(36,972)	(12,467)
Proceeds from investment maturities	22,246	9,341
Proceeds from note receivable	250	250
Net cash used in investing activities	(20,047)	(12,210)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	201,888	250,012
Payments on senior credit facility	(216,475)	(273,933)
Purchase of treasury stock	(937)	(2,151)
Payments for employee taxes on shares withheld	(980)	(946)
Payments on real estate mortgages	(650)	(634)
Payments on capital leases	(212)	(196)
Proceeds from exercise of stock options	24	5
Net cash used in financing activities	(17,342)	(27,843)
Effect of exchange rate changes on cash and cash equivalents	(137)	(212)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(4,171)	(2,078)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	30,695	31,902
CASH AND CASH EQUIVALENTS AT END OF PERIOD	26,524	29,824
Cash paid during the period for:
Interest	6,107	6,294
Income taxes	1,133	904
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Accrued purchases of property and equipment	$ 173	$ 1,172

GENERAL

GENERAL	9 Months Ended
	Oct. 28, 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 10-K The information presented reflects all adjustments, which in the opinion of management are 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. 28, 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.” No. 2014-09 No. 2014-09 In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory,” last-in, 2015-11 No. 2015-11 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 2016-09 2016-09. In April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing 2014-09, 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 2014-09, “Revenue from Contracts with Customers.” non-cash In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments available-for-sale available-for-sale 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 2016-16 2016-16 In May 2017, the FASB issued ASU No. 2017-09, Compensation – Stock Compensation (Topic718): Scope of Modification Accounting In July 2017, the FASB issued ASU No. 2017-11, Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception,” In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities,”

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	9 Months Ended
	Oct. 28, 2017
ACCOUNTS RECEIVABLE	3. ACCOUNTS RECEIVABLE Accounts receivable consisted of the following as of: October 28, January 28, (in thousands) Trade accounts $ 145,547 $ 151,370 Royalties 6,509 6,659 Other receivables 1,181 712 Total 153,237 158,741 Less: allowances (19,394 ) (18,501 ) Total $ 133,843 $ 140,240

INVENTORIES

INVENTORIES	9 Months Ended
	Oct. 28, 2017
INVENTORIES	4. INVENTORIES Inventories are stated at the lower of cost (weighted moving average cost) or net realizable value. Cost principally consists of the purchase price, customs, duties, freight, and commissions to buying agents. Inventories consisted of the following as of: October 28, January 28, (in thousands) Finished goods $ 129,293 $ 151,251

INVESTMENTS

INVESTMENTS	9 Months Ended
	Oct. 28, 2017
INVESTMENTS	5. INVESTMENTS The Company’s investments at October 28, 2017 and January 28, 2017 include marketable securities and certificates of deposit with maturity dates of less than one year. Marketable securities consist of corporate and government bonds. 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 October 28, 2017: Cost Gross Gross Estimated (in thousands) Marketable securities $ 16,907 $ — $ (8 ) $ 16,899 Certificates of deposit 8,696 2 (1 ) 8,697 Total investments $ 25,603 $ 2 $ (9 ) $ 25,596 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	9 Months Ended
	Oct. 28, 2017
PROPERTY AND EQUIPMENT	6. PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of: October 28, January 28, (in thousands) Furniture, fixtures and equipment $ 95,534 $ 91,639 Buildings and building improvements 21,882 21,359 Vehicles 537 523 Leasehold improvements 47,633 48,799 Land 9,430 9,430 Total 175,016 171,750 Less: accumulated depreciation and amortization (117,505 ) (109,915 ) Total $ 57,511 $ 61,835 The above table of property and equipment includes assets held under capital leases as of: October 28, January 28, (in thousands) Furniture, fixtures and equipment $ 810 $ 810 Less: accumulated depreciation and amortization (655 ) (452 ) Total $ 155 $ 358 For the three months ended October 28, 2017 and October 29, 2016, depreciation and amortization expense relating to property and equipment amounted to $3.5 million. For the nine months ended October 28, 2017 and October 29, 2016, depreciation and amortization expense relating to property and equipment amounted to $10.2 million and $10.4 million, respectively. These amounts include amortization expense for leased property under capital leases.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	9 Months Ended
	Oct. 28, 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 October 28, 2017 and January 28, 2017. Other Other intangible assets represent as of: October 28, January 28, (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (6,171 ) (5,545 ) Total $ 2,279 $ 2,905 For the three months ended October 28, 2017 and October 29, 2016, amortization expense relating to customer lists amounted to $0.2 million and $0.3 million, respectively. For the nine months ended October 28, 2017 and October 29, 2016, amortization expense relating to customer lists amounted to $0.6 million and $0.7 million, respectively. Other intangible assets are amortized over their estimated useful lives of 10 years. Assuming no impairment, the following 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	9 Months Ended
	Oct. 28, 2017
LETTER OF CREDIT FACILITIES	8. LETTER OF CREDIT FACILITIES Borrowings and availability under letter of credit facilities consisted of the following as of: October 28, January 28, (in thousands) Total letter of credit facilities $ 30,000 $ 30,000 Outstanding letters of credit (10,568 ) (10,788 ) Total credit available $ 19,432 $ 19,212

ADVERTISING AND RELATED COSTS

ADVERTISING AND RELATED COSTS	9 Months Ended
	Oct. 28, 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 $4.2 million for the three months ended October 28, 2017 and October 29, 2016 and $12.0 million and $12.2 million for the nine months ended October 28, 2017 and October 29, 2016, respectively, and are included in selling, general and administrative expenses.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	9 Months Ended
	Oct. 28, 2017
NET INCOME (LOSS) PER SHARE	10. NET INCOME (LOSS) PER SHARE Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average shares of outstanding common stock. The calculation of diluted net income (loss) per share is similar to basic earnings per share except that the denominator includes potentially dilutive common stock. The potentially dilutive common stock included in the Company’s computation of diluted net income (loss) per share includes the effects of stock options, stock appreciation rights (“SARS”), and unvested restricted shares as determined using the treasury stock method. The following table sets forth the computation of basic and diluted income (loss) per share: Three Months Ended Nine Months Ended October 28, October 29, October 28, October 29, (in thousands, except per share data) Numerator: Net income (loss) $ 3,215 $ (5,165 ) $ 16,965 $ 5,520 Denominator: Basic-weighted average shares 15,115 14,991 15,066 14,920 Dilutive effect: equity awards 298 — 269 249 Diluted-weighted average shares 15,413 14,991 15,335 15,169 Basic income (loss) per share $ 0.21 $ (0.34 ) $ 1.13 $ 0.37 Diluted income (loss) per share $ 0.21 $ (0.34 ) $ 1.11 $ 0.36 Antidilutive effect: (1) 165 1,015 265 532 (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. 28, 2017
EQUITY	11. EQUITY The following table reflects the changes in equity: Changes in Equity (in thousands) Equity at January 28, 2017 $ 313,687 Comprehensive income 17,967 Share transactions under employee equity compensation plans 3,812 Purchase of treasury stock (937 ) Equity at October 28, 2017 $ 334,529 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 The Board of Directors has authorized the Company to purchase, from time to time and as market and business conditions warrant, up to $70 million of our common stock for cash in the open market or in privately negotiated transactions through October 31, 2018. 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 reevaluates the program on an ongoing basis. During the second quarter of fiscal 2018, the Company repurchased 50,000 shares of common stock at a cost of $0.9 million. During the third quarter of fiscal 2018, the Company retired the 50,000 shares of treasury stock recorded at a cost of approximately $0.9 million. Accordingly, during the third quarter of fiscal 2018, the Company reduced additional paid in capital by $0.9 million. There were no treasury shares outstanding as of January 28, 2017. Total purchases under the plan to date amount to approximately $61.7 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Oct. 28, 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 — 1,276 5 (357 ) 924 Amounts reclassified from accumulated other comprehensive loss — — — 78 78 Balance, October 28, 2017 $ — $ (8,626 ) $ (7 ) $ (460 ) $ (9,093 ) Unrealized Foreign Currency Translation Unrealized Unrealized Gain on 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 ) A summary of the impact on the condensed consolidated statements of operations line items is as follows: Three Months Ended Statement of Operations Location October 28, October 29, (in thousands) Amortization of defined benefit pension items actuarial gains Selling, general and administrative expenses $ — $ 8,455 Forward contract loss reclassified from accumulated other comprehensive loss to income Cost of goods sold 86 — Total, net of tax $ 86 $ 8,455 Nine Months Ended Statement of Operations Location October 28, October 29, (in thousands) Amortization of defined benefit pension items actuarial gains Selling, general and administrative expenses $ — $ 8,765 Forward contract gain reclassified from accumulated other comprehensive loss to income Cost of goods sold 78 — Total, net of tax $ 78 $ 8,765

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENT - Cash Flow Hedges	9 Months Ended
	Oct. 28, 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 October 28, 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 location October 28, January 28, (in thousands) Foreign currency forward exchange contract (inventory purchases) Accounts Payable $ 460 $ 181 Total $ 460 $ 181 The following table summarizes the effect and classification of the Company’s Hedging Instruments. Three Months Ended Nine Months Ended Derivatives Designated As Hedging Statement of Operations Location October 28, October 29, October 28, October 29, (in thousands) (in thousands) Foreign currency forward exchange contract (inventory purchases): Loss reclassified from accumulated other comprehensive loss to income Cost of goods sold $ 86 $ — $ 78 $ — $ 86 $ — $ 78 $ — The notional amounts outstanding of foreign exchange forward contracts were $11.8 million and $15.0 million at October 28, 2017 and January 28, 2017, respectively. Such contracts expire through July 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 October 28, 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	9 Months Ended
	Oct. 28, 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 2018 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 limitations. As of October 28, 2017, the examination by the Internal Revenue Service for the Company’s fiscal 2011 through 2015 U.S. federal tax years is still ongoing. During the three months ended October 28, 2017, the Company received a revised Notice of Proposed Adjustment from the Internal Revenue Service, which proposed an adjustment to taxable income for fiscal 2013 of $12.6 million, to which the Company agreed. Additionally, the Company engaged in conversations with the Internal Revenue Service to extend the years under audit to include fiscal 2014 and 2015, to allow for the carryback of beneficial tax attributes. During fiscal 2017, the Company established a reserve of $1.1 million for this adjustment and associated interest. While the Company still believes its position would be sustained upon appeal or, if necessary, through litigation, it has agreed to this adjustment based upon the desire to reach an ultimate resolution and limit the costs associated with continuing the examination. Furthermore, various other state and local income tax returns are also under examination by taxing authorities. The Company had a $1.2 million liability recorded for unrecognized tax benefits as of January 28, 2017, which included interest and penalties of $0.3 million. The Company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. During the three and nine months ended October 28, 2017, the total amount of unrecognized tax benefits decreased by approximately $18,000 and increased by $5.0 million, respectively. The change to the total amount of the unrecognized tax benefit for the three months ended October 28, 2017 included a decrease in interest and penalties of approximately $11,000 and for the nine months ended October 28, 2017 included an increase in interest and penalties of approximately $176,000. The amount of the unrecognized tax benefits, if recognized, that would affect the Company’s effective tax rate as of January 28, 2017 and October 28, 2017 is $1.2 million and $2.3 million, respectively. The Company currently anticipates a resolution within the next twelve months for the unrecognized tax benefits relating to the Internal Revenue Service Proposed Adjustment, but does not currently anticipate a resolution for any of the remaining unrecognized tax benefits as of October 28, 2017. The statute of limitations related to the Company’s fiscal 2011 through 2015 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 asset; including, but not limited to, the federal net operating loss carryforward and the U.S. state net operating loss carryforwards, whose utilization is not restricted by factors beyond the Company’s control. The establishment of valuation allowances and development of projected annual effective tax rates requires significant judgment and is impacted by various estimates. Both positive and negative evidence, as well as the objectivity and verifiability of that evidence, is considered in determining the appropriateness of recording a valuation allowance on deferred tax assets. An accumulation of recent pretax losses is considered strong negative evidence in that evaluation. Although the Company recognized pretax earnings through the nine months ended October 28, 2017, by itself that does not represent sufficient positive evidence that the 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 domestic pretax results for the past 36 months still remain in a loss position. The Company would be able to remove the valuation allowances in future periods when positive evidence outweighs the negative evidence from the relevant look-back period. The Company believes that there is a reasonable possibility that within the next twelve months, sufficient positive evidence may become available to allow it to reach the conclusion that a significant portion of the valuation allowance will no longer be needed. Release of the valuation allowance would result in the recognition of certain deferred tax assets and a decrease to income tax expense in the period released. 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. 28, 2017
STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES	15. STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES In 2005, the Company adopted the 2005 Long-Term Incentive Compensation Plan (the “2005 Plan”). The 2005 Plan allowed the Company to grant options and other awards to purchase or receive up to an aggregate of 2,250,000 shares of the Company’s common stock, reduced by any awards outstanding under the 2002 Stock Option Plan. On March 13, 2008, the Board of Directors unanimously adopted an amendment and restatement of the 2005 Plan that increased the number of shares available for grants to an aggregate of 4,750,000 shares of common stock. On March 17, 2011, the Board of Directors unanimously adopted the second amendment and restatement of the 2005 Plan, which increased the number of shares available for grants by an additional 500,000 shares to an aggregate of 5,250,000 shares of common stock. On May 20, 2015, the Board of Directors unanimously adopted, subject to shareholder approval at the annual meeting, the Perry Ellis International, Inc. 2015 Long Term Incentive Compensation Plan, which is an amendment and restatement of the 2005 Plan (the “2015 Plan, and collectively with the prior 2005 Plan, as amended, the “Stock Plans”). The 2015 Plan was approved by the shareholders at the Company’s 2015 annual meeting. The 2015 Plan extends the term of the 2005 Plan until July 17, 2025 as well as increases the number of shares of common stock reserved for issuance by an additional 1,000,000 shares to an aggregate of 6,250,000 shares. On March 16, 2017, the Board of Directors unanimously adopted an amendment and restatement of the 2015 Plan (as amended and restated, the “Amended Plan”). The Amended Plan increases the number of shares available for grants by an additional 1,400,000 shares to an aggregate of 7,650,000 shares of common stock and makes other clarifications and technical revisions designed primarily to improve administration and ensure compliance with recent changes in the law including Internal Revenue Code Section 409A. Other than the amendments noted above, the Amended Plan generally contains the same features, terms and conditions as the 2015 Plan. The Amended Plan was approved by the shareholders at the Company’s 2017 annual meeting. During the first and second quarters of fiscal 2018, the Company granted an aggregate of 72,307 and 10,681 shares of restricted stock to certain key employees, which vest primarily over a three-year period, at an estimated value of $1.5 million and $0.2 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 2018, the Company awarded to five directors an aggregate of 28,995 shares of restricted stock. The restricted stock vests primarily over a one-year During the first quarter of fiscal 2018, 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 first quarter of fiscal 2018, the Company granted an aggregate of 10,953 shares of restricted stock units to a key employee that 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 first, second and third quarters of fiscal 2018, a total of 77,655, 31,448 and 26,672 shares of restricted stock vested, of which 25,241, 11,259 and 9,691 shares were withheld to cover the employees’ statutory income tax requirements, respectively. The estimated value of the withheld shares was $0.5 million, $0.2 million and $0.2 million, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Oct. 28, 2017
SEGMENT INFORMATION	16. SEGMENT INFORMATION The Company has four reportable segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer Direct-to-Consumer e-commerce 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 28, October 29, October 28, October 29, (in thousands) Revenues: Men’s Sportswear and Swim $ 141,549 $ 135,717 $ 482,881 $ 478,790 Women’s Sportswear 28,104 28,676 77,561 85,301 Direct-to-Consumer 20,736 20,905 62,164 65,423 Licensing 8,449 8,661 24,931 27,392 Total revenues $ 198,838 $ 193,959 $ 647,537 $ 656,906 Depreciation and amortization: Men’s Sportswear and Swim $ 1,870 $ 1,814 $ 5,507 $ 5,717 Women’s Sportswear 939 729 2,600 2,107 Direct-to-Consumer 716 932 2,266 2,717 Licensing 61 59 177 176 Total depreciation and amortization $ 3,586 $ 3,534 $ 10,550 $ 10,717 Operating income (loss): Men’s Sportswear and Swim (1) $ 3,450 $ (7,683 ) $ 22,834 $ 6,834 Women’s Sportswear (2,393 ) (1,289 ) (6,771 ) (4,746 ) Direct-to-Consumer (2,543 ) (3,370 ) (8,604 ) (9,675 ) Licensing 6,806 7,065 18,854 21,454 Total operating income (loss) $ 5,320 $ (5,277 ) $ 26,313 $ 13,867 Total interest expense 1,613 1,738 5,438 5,652 Total net income (loss) before income taxes $ 3,707 $ (7,015 ) $ 20,875 $ 8,215 (1) Operating income (loss) 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.

BENEFIT PLAN

BENEFIT PLAN	9 Months Ended
	Oct. 28, 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 three and nine months of fiscal 2018 and 2017: Three Months Ended Nine Months Ended October 28, October 29, October 28, October 29, (in thousands) Service cost $ — $ 63 $ — $ 189 Interest cost — 124 — 372 Expected return on plan assets — (87 ) — (261 ) Settlement — 8,300 — 8,300 Amortization of net loss — 155 — 465 Net periodic benefit cost $ — $ 8,555 $ — $ 9,065 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 in fiscal 2017 exceeded that threshold, the Company recognized a settlement charge of $8.3 million in anticipation of the plan’s termination in fiscal 2017.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Oct. 28, 2017
FAIR VALUE MEASUREMENTS	18. FAIR VALUE MEASUREMENTS Accounts receivable, accounts payable, accrued interest payable and accrued expenses Investments. available-for-sale 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	9 Months Ended
	Oct. 28, 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 The Company adopted the provisions of ASU 2016-09 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 3,136 $ 23,388 $ — $ 26,524 Investment, at fair value — — 25,596 — 25,596 Accounts receivable, net — 108,209 25,634 — 133,843 Intercompany receivable, net 88,713 — — (88,713 ) — Inventories — 107,185 22,108 — 129,293 Prepaid expenses and other current assets — 4,724 994 — 5,718 Total current assets 88,713 223,254 97,720 (88,713 ) 320,974 Property and equipment, net — 55,241 2,270 — 57,511 Other intangible assets, net — 154,093 32,332 — 186,425 Deferred income taxes — — 446 — 446 Investment in subsidiaries 296,198 — — (296,198 ) — Other assets — 1,549 393 — 1,942 TOTAL $ 384,911 $ 434,137 $ 133,161 $ (384,911 ) $ 567,298 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 44,261 $ 7,179 $ — $ 51,440 Accrued expenses and other liabilities — 26,265 8,298 — 34,563 Accrued interest payable 400 — — — 400 Income taxes payable 202 589 264 — 1,055 Unearned revenues — 2,243 348 — 2,591 Intercompany payable, net — 76,153 19,268 (95,421 ) — Total current liabilities 602 149,511 35,357 (95,421 ) 90,049 Senior subordinated notes payable, net 49,780 — — — 49,780 Senior credit facility — 7,917 — — 7,917 Real estate mortgages — 32,937 — — 32,937 Unearned revenues and other long-term liabilities — 15,201 126 — 15,327 Deferred income taxes — 36,759 — — 36,759 Total long-term liabilities 49,780 92,814 126 — 142,720 Total liabilities 50,382 242,325 35,483 (95,421 ) 232,769 Total equity 334,529 191,812 97,678 (289,490 ) 334,529 TOTAL $ 384,911 $ 434,137 $ 133,161 $ (384,911 ) $ 567,298 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 (LOSS) (UNAUDITED) FOR THE THREE MONTHS ENDED OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 165,455 $ 24,934 $ — $ 190,389 Royalty income — 5,230 3,219 — 8,449 Total revenues — 170,685 28,153 — 198,838 Cost of sales — 109,470 15,290 — 124,760 Gross profit — 61,215 12,863 — 74,078 Operating expenses: Selling, general and administrative expenses — 56,007 9,165 — 65,172 Depreciation and amortization — 3,279 307 — 3,586 Total operating expenses — 59,286 9,472 — 68,758 Operating income — 1,929 3,391 — 5,320 Interest expense (income) — 1,700 (87 ) — 1,613 Net income before income taxes — 229 3,478 — 3,707 Income tax provision — 43 449 — 492 Equity in earnings of subsidiaries, net 3,215 — — (3,215 ) — Net income 3,215 186 3,029 (3,215 ) 3,215 Other comprehensive (loss) income (138 ) — (138 ) 138 (138 ) Comprehensive income (loss) $ 3,077 $ 186 $ 2,891 $ (3,077 ) $ 3,077 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) Parent Only Guarantors Non- 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 NINE MONTHS ENDED OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 544,849 $ 77,757 $ — $ 622,606 Royalty income — 15,724 9,207 — 24,931 Total revenues — 560,573 86,964 — 647,537 Cost of sales — 356,640 49,251 — 405,891 Gross profit — 203,933 37,713 — 241,646 Operating expenses: Selling, general and administrative expenses — 176,865 27,918 — 204,783 Depreciation and amortization — 9,741 809 — 10,550 Total operating expenses — 186,606 28,727 — 215,333 Operating income — 17,327 8,986 — 26,313 Interest expense (income) — 5,609 (171 ) — 5,438 Net income before income taxes — 11,718 9,157 — 20,875 Income tax provision — 2,690 1,220 — 3,910 Equity in earnings of subsidiaries, net 16,965 — — (16,965 ) — Net income 16,965 9,028 7,937 (16,965 ) 16,965 Other comprehensive income 1,002 — 1,002 (1,002 ) 1,002 Comprehensive income $ 17,967 $ 9,028 $ 8,939 $ (17,967 ) $ 17,967 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 CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES: $ (192 ) $ 26,124 $ 7,423 $ — $ 33,355 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (4,744 ) (827 ) — (5,571 ) Purchase of investments — — (36,972 ) — (36,972 ) Proceeds from investments maturities — — 22,246 — 22,246 Proceeds on note receivable — — 250 — 250 Intercompany transactions 1,242 — — (1,242 ) — Net cash provided by (used in) investing activities 1,242 (4,744 ) (15,303 ) (1,242 ) (20,047 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 201,888 — — 201,888 Payments on senior credit facility — (216,475 ) — — (216,475 ) Payments on real estate mortgages — (650 ) — — (650 ) Purchase of treasury shares (937 ) — — — (937 ) Payments for employee taxes on shares withheld — (980 ) — — (980 ) Payments on capital leases — (212 ) — — (212 ) Proceeds from exercise of stock options 24 — — — 24 Intercompany transactions — (4,393 ) 3,288 1,105 — Net cash (used in) provided by financing activities (913 ) (20,822 ) 3,288 1,105 (17,342 ) Effect of exchange rate changes on cash and cash equivalents (137 ) — (137 ) 137 (137 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 558 (4,729 ) — (4,171 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 2,578 28,117 — 30,695 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,136 $ 23,388 $ — $ 26,524 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 $ 33,914 $ 5,824 $ (2,706 ) $ 38,187 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 ) Payments for employee taxes on shares withheld — (946 ) — — (946 ) Proceeds from exercise of stock options 5 — — — 5 Intercompany transactions — 3,539 (4,530 ) 991 — Net cash used in financing activities (2,146 ) (22,158 ) (7,236 ) 3,697 (27,843 ) 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 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 The Company adopted the provisions of ASU 2016-09 PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 3,136 $ 23,388 $ — $ 26,524 Investment, at fair value — — 25,596 — 25,596 Accounts receivable, net — 108,209 25,634 — 133,843 Intercompany receivable, net 88,713 — — (88,713 ) — Inventories — 107,185 22,108 — 129,293 Prepaid expenses and other current assets — 4,724 994 — 5,718 Total current assets 88,713 223,254 97,720 (88,713 ) 320,974 Property and equipment, net — 55,241 2,270 — 57,511 Other intangible assets, net — 154,093 32,332 — 186,425 Deferred income taxes — — 446 — 446 Investment in subsidiaries 296,198 — — (296,198 ) — Other assets — 1,549 393 — 1,942 TOTAL $ 384,911 $ 434,137 $ 133,161 $ (384,911 ) $ 567,298 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 44,261 $ 7,179 $ — $ 51,440 Accrued expenses and other liabilities — 26,265 8,298 — 34,563 Accrued interest payable 400 — — — 400 Income taxes payable 202 589 264 — 1,055 Unearned revenues — 2,243 348 — 2,591 Intercompany payable, net — 76,153 19,268 (95,421 ) — Total current liabilities 602 149,511 35,357 (95,421 ) 90,049 Senior subordinated notes payable, net 49,780 — — — 49,780 Senior credit facility — 7,917 — — 7,917 Real estate mortgages — 32,937 — — 32,937 Unearned revenues and other long-term liabilities — 15,201 126 — 15,327 Deferred income taxes — 36,759 — — 36,759 Total long-term liabilities 49,780 92,814 126 — 142,720 Total liabilities 50,382 242,325 35,483 (95,421 ) 232,769 Total equity 334,529 191,812 97,678 (289,490 ) 334,529 TOTAL $ 384,911 $ 434,137 $ 133,161 $ (384,911 ) $ 567,298 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 (LOSS) (UNAUDITED) FOR THE THREE MONTHS ENDED OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 165,455 $ 24,934 $ — $ 190,389 Royalty income — 5,230 3,219 — 8,449 Total revenues — 170,685 28,153 — 198,838 Cost of sales — 109,470 15,290 — 124,760 Gross profit — 61,215 12,863 — 74,078 Operating expenses: Selling, general and administrative expenses — 56,007 9,165 — 65,172 Depreciation and amortization — 3,279 307 — 3,586 Total operating expenses — 59,286 9,472 — 68,758 Operating income — 1,929 3,391 — 5,320 Interest expense (income) — 1,700 (87 ) — 1,613 Net income before income taxes — 229 3,478 — 3,707 Income tax provision — 43 449 — 492 Equity in earnings of subsidiaries, net 3,215 — — (3,215 ) — Net income 3,215 186 3,029 (3,215 ) 3,215 Other comprehensive (loss) income (138 ) — (138 ) 138 (138 ) Comprehensive income (loss) $ 3,077 $ 186 $ 2,891 $ (3,077 ) $ 3,077 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) Parent Only Guarantors Non- 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 NINE MONTHS ENDED OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 544,849 $ 77,757 $ — $ 622,606 Royalty income — 15,724 9,207 — 24,931 Total revenues — 560,573 86,964 — 647,537 Cost of sales — 356,640 49,251 — 405,891 Gross profit — 203,933 37,713 — 241,646 Operating expenses: Selling, general and administrative expenses — 176,865 27,918 — 204,783 Depreciation and amortization — 9,741 809 — 10,550 Total operating expenses — 186,606 28,727 — 215,333 Operating income — 17,327 8,986 — 26,313 Interest expense (income) — 5,609 (171 ) — 5,438 Net income before income taxes — 11,718 9,157 — 20,875 Income tax provision — 2,690 1,220 — 3,910 Equity in earnings of subsidiaries, net 16,965 — — (16,965 ) — Net income 16,965 9,028 7,937 (16,965 ) 16,965 Other comprehensive income 1,002 — 1,002 (1,002 ) 1,002 Comprehensive income $ 17,967 $ 9,028 $ 8,939 $ (17,967 ) $ 17,967 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 CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES: $ (192 ) $ 26,124 $ 7,423 $ — $ 33,355 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (4,744 ) (827 ) — (5,571 ) Purchase of investments — — (36,972 ) — (36,972 ) Proceeds from investments maturities — — 22,246 — 22,246 Proceeds on note receivable — — 250 — 250 Intercompany transactions 1,242 — — (1,242 ) — Net cash provided by (used in) investing activities 1,242 (4,744 ) (15,303 ) (1,242 ) (20,047 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 201,888 — — 201,888 Payments on senior credit facility — (216,475 ) — — (216,475 ) Payments on real estate mortgages — (650 ) — — (650 ) Purchase of treasury shares (937 ) — — — (937 ) Payments for employee taxes on shares withheld — (980 ) — — (980 ) Payments on capital leases — (212 ) — — (212 ) Proceeds from exercise of stock options 24 — — — 24 Intercompany transactions — (4,393 ) 3,288 1,105 — Net cash (used in) provided by financing activities (913 ) (20,822 ) 3,288 1,105 (17,342 ) Effect of exchange rate changes on cash and cash equivalents (137 ) — (137 ) 137 (137 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 558 (4,729 ) — (4,171 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 2,578 28,117 — 30,695 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,136 $ 23,388 $ — $ 26,524 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 $ 33,914 $ 5,824 $ (2,706 ) $ 38,187 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 ) Payments for employee taxes on shares withheld — (946 ) — — (946 ) Proceeds from exercise of stock options 5 — — — 5 Intercompany transactions — 3,539 (4,530 ) 991 — Net cash used in financing activities (2,146 ) (22,158 ) (7,236 ) 3,697 (27,843 ) 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

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	9 Months Ended
	Oct. 28, 2017
Components of Accounts Receivable	Accounts receivable consisted of the following as of: October 28, January 28, (in thousands) Trade accounts $ 145,547 $ 151,370 Royalties 6,509 6,659 Other receivables 1,181 712 Total 153,237 158,741 Less: allowances (19,394 ) (18,501 ) Total $ 133,843 $ 140,240

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Oct. 28, 2017
Summary of Inventories	Inventories consisted of the following as of: October 28, January 28, (in thousands) Finished goods $ 129,293 $ 151,251

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Oct. 28, 2017
Investments	Investments consisted of the following as of October 28, 2017: Cost Gross Gross Estimated (in thousands) Marketable securities $ 16,907 $ — $ (8 ) $ 16,899 Certificates of deposit 8,696 2 (1 ) 8,697 Total investments $ 25,603 $ 2 $ (9 ) $ 25,596 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)	9 Months Ended
	Oct. 28, 2017
Summary of Property and Equipment	Property and equipment consisted of the following as of: October 28, January 28, (in thousands) Furniture, fixtures and equipment $ 95,534 $ 91,639 Buildings and building improvements 21,882 21,359 Vehicles 537 523 Leasehold improvements 47,633 48,799 Land 9,430 9,430 Total 175,016 171,750 Less: accumulated depreciation and amortization (117,505 ) (109,915 ) Total $ 57,511 $ 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: October 28, January 28, (in thousands) Furniture, fixtures and equipment $ 810 $ 810 Less: accumulated depreciation and amortization (655 ) (452 ) Total $ 155 $ 358

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Oct. 28, 2017
Summary of Other Intangible Assets	Other intangible assets represent as of: October 28, January 28, (in thousands) Customer lists $ 8,450 $ 8,450 Less: accumulated amortization (6,171 ) (5,545 ) Total $ 2,279 $ 2,905
Schedule of Estimated Amortization Expense for Future Periods	Assuming no impairment, the following 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)	9 Months Ended
	Oct. 28, 2017
Borrowings and Availability under Letter of Credit Facilities	Borrowings and availability under letter of credit facilities consisted of the following as of: October 28, January 28, (in thousands) Total letter of credit facilities $ 30,000 $ 30,000 Outstanding letters of credit (10,568 ) (10,788 ) Total credit available $ 19,432 $ 19,212

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	9 Months Ended
	Oct. 28, 2017
Computation of Basic and Diluted Income (Loss) Per Share	The following table sets forth the computation of basic and diluted income (loss) per share: Three Months Ended Nine Months Ended October 28, October 29, October 28, October 29, (in thousands, except per share data) Numerator: Net income (loss) $ 3,215 $ (5,165 ) $ 16,965 $ 5,520 Denominator: Basic-weighted average shares 15,115 14,991 15,066 14,920 Dilutive effect: equity awards 298 — 269 249 Diluted-weighted average shares 15,413 14,991 15,335 15,169 Basic income (loss) per share $ 0.21 $ (0.34 ) $ 1.13 $ 0.37 Diluted income (loss) per share $ 0.21 $ (0.34 ) $ 1.11 $ 0.36 Antidilutive effect: (1) 165 1,015 265 532 (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. 28, 2017
Changes in Equity	The following table reflects the changes in equity: Changes in Equity (in thousands) Equity at January 28, 2017 $ 313,687 Comprehensive income 17,967 Share transactions under employee equity compensation plans 3,812 Purchase of treasury stock (937 ) Equity at October 28, 2017 $ 334,529 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

ACCUMULATED OTHER COMPREHENSI34

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Oct. 28, 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 — 1,276 5 (357 ) 924 Amounts reclassified from accumulated other comprehensive loss — — — 78 78 Balance, October 28, 2017 $ — $ (8,626 ) $ (7 ) $ (460 ) $ (9,093 ) Unrealized Foreign Currency Translation Unrealized Unrealized Gain on 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 )
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 Statement of Operations Location October 28, October 29, (in thousands) Amortization of defined benefit pension items actuarial gains Selling, general and administrative expenses $ — $ 8,455 Forward contract loss reclassified from accumulated other comprehensive loss to income Cost of goods sold 86 — Total, net of tax $ 86 $ 8,455 Nine Months Ended Statement of Operations Location October 28, October 29, (in thousands) Amortization of defined benefit pension items actuarial gains Selling, general and administrative expenses $ — $ 8,765 Forward contract gain reclassified from accumulated other comprehensive loss to income Cost of goods sold 78 — Total, net of tax $ 78 $ 8,765

DERIVATIVE FINANCIAL INSTRUME35

DERIVATIVE FINANCIAL INSTRUMENT - Cash Flow Hedges (Tables) - Designated as Hedging Instrument	9 Months Ended
	Oct. 28, 2017
Fair Value and Classification of Hedging Instruments in Balance Sheet and Statement of Operations	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 location October 28, January 28, (in thousands) Foreign currency forward exchange contract (inventory purchases) Accounts Payable $ 460 $ 181 Total $ 460 $ 181
Summary of Effect and Classification of Hedging Instruments	The following table summarizes the effect and classification of the Company’s Hedging Instruments. Three Months Ended Nine Months Ended Derivatives Designated As Hedging Statement of Operations Location October 28, October 29, October 28, October 29, (in thousands) (in thousands) Foreign currency forward exchange contract (inventory purchases): Loss reclassified from accumulated other comprehensive loss to income Cost of goods sold $ 86 $ — $ 78 $ — $ 86 $ — $ 78 $ —

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Oct. 28, 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 Nine Months Ended October 28, October 29, October 28, October 29, (in thousands) Revenues: Men’s Sportswear and Swim $ 141,549 $ 135,717 $ 482,881 $ 478,790 Women’s Sportswear 28,104 28,676 77,561 85,301 Direct-to-Consumer 20,736 20,905 62,164 65,423 Licensing 8,449 8,661 24,931 27,392 Total revenues $ 198,838 $ 193,959 $ 647,537 $ 656,906 Depreciation and amortization: Men’s Sportswear and Swim $ 1,870 $ 1,814 $ 5,507 $ 5,717 Women’s Sportswear 939 729 2,600 2,107 Direct-to-Consumer 716 932 2,266 2,717 Licensing 61 59 177 176 Total depreciation and amortization $ 3,586 $ 3,534 $ 10,550 $ 10,717 Operating income (loss): Men’s Sportswear and Swim (1) $ 3,450 $ (7,683 ) $ 22,834 $ 6,834 Women’s Sportswear (2,393 ) (1,289 ) (6,771 ) (4,746 ) Direct-to-Consumer (2,543 ) (3,370 ) (8,604 ) (9,675 ) Licensing 6,806 7,065 18,854 21,454 Total operating income (loss) $ 5,320 $ (5,277 ) $ 26,313 $ 13,867 Total interest expense 1,613 1,738 5,438 5,652 Total net income (loss) before income taxes $ 3,707 $ (7,015 ) $ 20,875 $ 8,215 (1) Operating income (loss) 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.

BENEFIT PLAN (Tables)

BENEFIT PLAN (Tables)	9 Months Ended
	Oct. 28, 2017
Components of Net Benefit Cost	The following table provides the components of net benefit cost for the plan during the three and nine months of fiscal 2018 and 2017: Three Months Ended Nine Months Ended October 28, October 29, October 28, October 29, (in thousands) Service cost $ — $ 63 $ — $ 189 Interest cost — 124 — 372 Expected return on plan assets — (87 ) — (261 ) Settlement — 8,300 — 8,300 Amortization of net loss — 155 — 465 Net periodic benefit cost $ — $ 8,555 $ — $ 9,065

CONDENSED CONSOLIDATING FINAN38

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	9 Months Ended
	Oct. 28, 2017
Condensed Consolidating Balance Sheet	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) AS OF OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ — $ 3,136 $ 23,388 $ — $ 26,524 Investment, at fair value — — 25,596 — 25,596 Accounts receivable, net — 108,209 25,634 — 133,843 Intercompany receivable, net 88,713 — — (88,713 ) — Inventories — 107,185 22,108 — 129,293 Prepaid expenses and other current assets — 4,724 994 — 5,718 Total current assets 88,713 223,254 97,720 (88,713 ) 320,974 Property and equipment, net — 55,241 2,270 — 57,511 Other intangible assets, net — 154,093 32,332 — 186,425 Deferred income taxes — — 446 — 446 Investment in subsidiaries 296,198 — — (296,198 ) — Other assets — 1,549 393 — 1,942 TOTAL $ 384,911 $ 434,137 $ 133,161 $ (384,911 ) $ 567,298 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ — $ 44,261 $ 7,179 $ — $ 51,440 Accrued expenses and other liabilities — 26,265 8,298 — 34,563 Accrued interest payable 400 — — — 400 Income taxes payable 202 589 264 — 1,055 Unearned revenues — 2,243 348 — 2,591 Intercompany payable, net — 76,153 19,268 (95,421 ) — Total current liabilities 602 149,511 35,357 (95,421 ) 90,049 Senior subordinated notes payable, net 49,780 — — — 49,780 Senior credit facility — 7,917 — — 7,917 Real estate mortgages — 32,937 — — 32,937 Unearned revenues and other long-term liabilities — 15,201 126 — 15,327 Deferred income taxes — 36,759 — — 36,759 Total long-term liabilities 49,780 92,814 126 — 142,720 Total liabilities 50,382 242,325 35,483 (95,421 ) 232,769 Total equity 334,529 191,812 97,678 (289,490 ) 334,529 TOTAL $ 384,911 $ 434,137 $ 133,161 $ (384,911 ) $ 567,298 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 (Loss)	PERRY ELLIS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) FOR THE THREE MONTHS ENDED OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated Revenues: Net sales $ — $ 165,455 $ 24,934 $ — $ 190,389 Royalty income — 5,230 3,219 — 8,449 Total revenues — 170,685 28,153 — 198,838 Cost of sales — 109,470 15,290 — 124,760 Gross profit — 61,215 12,863 — 74,078 Operating expenses: Selling, general and administrative expenses — 56,007 9,165 — 65,172 Depreciation and amortization — 3,279 307 — 3,586 Total operating expenses — 59,286 9,472 — 68,758 Operating income — 1,929 3,391 — 5,320 Interest expense (income) — 1,700 (87 ) — 1,613 Net income before income taxes — 229 3,478 — 3,707 Income tax provision — 43 449 — 492 Equity in earnings of subsidiaries, net 3,215 — — (3,215 ) — Net income 3,215 186 3,029 (3,215 ) 3,215 Other comprehensive (loss) income (138 ) — (138 ) 138 (138 ) Comprehensive income (loss) $ 3,077 $ 186 $ 2,891 $ (3,077 ) $ 3,077 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) Parent Only Guarantors Non- 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 NINE MONTHS ENDED OCTOBER 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Guarantors Eliminations Consolidated Revenues: Net sales $ — $ 544,849 $ 77,757 $ — $ 622,606 Royalty income — 15,724 9,207 — 24,931 Total revenues — 560,573 86,964 — 647,537 Cost of sales — 356,640 49,251 — 405,891 Gross profit — 203,933 37,713 — 241,646 Operating expenses: Selling, general and administrative expenses — 176,865 27,918 — 204,783 Depreciation and amortization — 9,741 809 — 10,550 Total operating expenses — 186,606 28,727 — 215,333 Operating income — 17,327 8,986 — 26,313 Interest expense (income) — 5,609 (171 ) — 5,438 Net income before income taxes — 11,718 9,157 — 20,875 Income tax provision — 2,690 1,220 — 3,910 Equity in earnings of subsidiaries, net 16,965 — — (16,965 ) — Net income 16,965 9,028 7,937 (16,965 ) 16,965 Other comprehensive income 1,002 — 1,002 (1,002 ) 1,002 Comprehensive income $ 17,967 $ 9,028 $ 8,939 $ (17,967 ) $ 17,967 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
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 28, 2017 (amounts in thousands) Parent Only Guarantors Non- Eliminations Consolidated NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES: $ (192 ) $ 26,124 $ 7,423 $ — $ 33,355 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment — (4,744 ) (827 ) — (5,571 ) Purchase of investments — — (36,972 ) — (36,972 ) Proceeds from investments maturities — — 22,246 — 22,246 Proceeds on note receivable — — 250 — 250 Intercompany transactions 1,242 — — (1,242 ) — Net cash provided by (used in) investing activities 1,242 (4,744 ) (15,303 ) (1,242 ) (20,047 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings from senior credit facility — 201,888 — — 201,888 Payments on senior credit facility — (216,475 ) — — (216,475 ) Payments on real estate mortgages — (650 ) — — (650 ) Purchase of treasury shares (937 ) — — — (937 ) Payments for employee taxes on shares withheld — (980 ) — — (980 ) Payments on capital leases — (212 ) — — (212 ) Proceeds from exercise of stock options 24 — — — 24 Intercompany transactions — (4,393 ) 3,288 1,105 — Net cash (used in) provided by financing activities (913 ) (20,822 ) 3,288 1,105 (17,342 ) Effect of exchange rate changes on cash and cash equivalents (137 ) — (137 ) 137 (137 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — 558 (4,729 ) — (4,171 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD — 2,578 28,117 — 30,695 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ — $ 3,136 $ 23,388 $ — $ 26,524 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 $ 33,914 $ 5,824 $ (2,706 ) $ 38,187 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 ) Payments for employee taxes on shares withheld — (946 ) — — (946 ) Proceeds from exercise of stock options 5 — — — 5 Intercompany transactions — 3,539 (4,530 ) 991 — Net cash used in financing activities (2,146 ) (22,158 ) (7,236 ) 3,697 (27,843 ) 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

Recent Accounting Pronounceme39

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Jul. 30, 2016	Oct. 28, 2017	Oct. 29, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in prepaid income taxes		$ (1,684)	$ (17)
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)
ASU 2016-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in net cash provided by operating activities	$ 900
Increase in net cash provided by financing activities	$ 900

Components of Accounts Receivab

Components of Accounts Receivable (Detail) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 153,237	$ 158,741
Less: allowances	(19,394)	(18,501)
Total	133,843	140,240
Trade Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	145,547	151,370
Royalties Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	6,509	6,659
Other Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 1,181	$ 712

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Inventory [Line Items]
Finished goods	$ 129,293	$ 151,251

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Schedule of Investments [Line Items]
Cost	$ 25,603	$ 10,933
Gross Unrealized Gains	2
Gross Unrealized Losses	(9)	(12)
Estimated Fair Value	25,596	10,921
Marketable securities
Schedule of Investments [Line Items]
Cost	16,907	3,258
Gross Unrealized Losses	(8)	(8)
Estimated Fair Value	16,899	3,250
Certificates of Deposit
Schedule of Investments [Line Items]
Cost	8,696	7,675
Gross Unrealized Gains	2
Gross Unrealized Losses	(1)	(4)
Estimated Fair Value	$ 8,697	$ 7,671

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Property, Plant and Equipment [Line Items]
Total	$ 175,016	$ 171,750
Less: accumulated depreciation and amortization	(117,505)	(109,915)
Total	57,511	61,835
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	95,534	91,639
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Total	21,882	21,359
Vehicles
Property, Plant and Equipment [Line Items]
Total	537	523
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total	47,633	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	Oct. 28, 2017	Jan. 28, 2017
Property, Plant and Equipment [Line Items]
Furniture, fixtures and equipment	$ 810	$ 810
Less: accumulated depreciation and amortization	(655)	(452)
Total	$ 155	$ 358

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense related to property and equipment	$ 3.5	$ 3.5	$ 10.2	$ 10.4

Other Intangible Assets - Addit

Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 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	$ 0.3	$ 0.6	$ 0.7
Trademarks
Intangible Assets [Line Items]
Trademarks included in other intangible assets, net	$ 184.1		$ 184.1		$ 184.1

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Finite-Lived Intangible Assets [Line Items]
Customer lists	$ 8,450	$ 8,450
Less: accumulated amortization	(6,171)	(5,545)
Total	$ 2,279	$ 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 ($)	Oct. 28, 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	(10,568,000)	(10,788,000)
Total credit available	$ 19,432,000	$ 19,212,000

Advertising and Related Costs -

Advertising and Related Costs - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Advertising Costs [Line Items]
Advertising and related costs	$ 4.2	$ 4.2	$ 12	$ 12.2

Computation of Basic and Dilute

Computation of Basic and Diluted Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Numerator:
Net income (loss)		$ 3,215	$ (5,165)	$ 16,965	$ 5,520
Denominator:
Basic - weighted average shares		15,115	14,991	15,066	14,920
Dilutive effect: equity awards		298		269	249
Diluted - weighted average shares		15,413	14,991	15,335	15,169
Basic income (loss) per share		$ 0.21	$ (0.34)	$ 1.13	$ 0.37
Diluted income (loss) per share		$ 0.21	$ (0.34)	$ 1.11	$ 0.36
Antidilutive effect	[1]	165	1,015	265	532
[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. 28, 2017	Jul. 29, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Equity [Line Items]
Beginning Balance				$ 313,687	$ 291,481
Comprehensive income	$ 3,077		$ 880	17,967	10,462
Share transactions under employee equity compensation plans				3,812	4,163
Purchase of treasury stock		$ (900)		(937)	(2,151)
Ending Balance	$ 334,529		$ 303,955	$ 334,529	$ 303,955

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Jul. 29, 2017	Oct. 28, 2017	Oct. 29, 2016	Jan. 28, 2017
Shareholders Equity [Line Items]
Common stock repurchase program, amount authorized	$ 70,000,000		$ 70,000,000
Purchase of treasury stock		$ 900,000	937,000	$ 2,151,000
Treasury stock, shares		50,000			0
Retirement of treasury stock, shares	50,000
Total purchases under common stock repurchase program	$ 61,700,000		$ 61,700,000
Treasury Stock
Shareholders Equity [Line Items]
Retirement of treasury stock	(900,000)
Additional Paid-in Capital
Shareholders Equity [Line Items]
Retirement of treasury stock	$ 900,000

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. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			$ 313,687	$ 291,481
Other comprehensive loss (income) before reclassifications			924	(3,823)
Amounts reclassified from accumulated other comprehensive loss	$ 86	$ 8,455	78	8,765
Ending Balance	334,529	303,955	334,529	303,955
Unrealized (Loss) Gain on Pension Liability
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance				(7,368)
Other comprehensive loss (income) before reclassifications				(313)
Amounts reclassified from accumulated other comprehensive loss				8,765
Ending Balance		1,084		1,084
Foreign Currency Translation Adjustments, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(9,902)	(7,131)
Other comprehensive loss (income) before reclassifications			1,276	(3,772)
Ending Balance	(8,626)	(10,903)	(8,626)	(10,903)
Unrealized (Loss) Gain on Investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(12)	(9)
Other comprehensive loss (income) before reclassifications			5	7
Ending Balance	(7)	(2)	(7)	(2)
Unrealized Gain on Forward Contract
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(181)
Other comprehensive loss (income) before reclassifications			(357)	255
Amounts reclassified from accumulated other comprehensive loss			78
Ending Balance	(460)	255	(460)	255
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(10,095)	(14,508)
Ending Balance	$ (9,093)	$ (9,566)	$ (9,093)	$ (9,566)

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. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ 65,172	$ 72,846	$ 204,783	$ 215,434
Cost of goods sold	124,760	122,856	405,891	416,888
Total, net of tax	86	8,455	78	8,765
Reclassification out of Accumulated Other Comprehensive Income | Actuarial Gains
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses		$ 8,455		$ 8,765
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	$ 86		$ 78

Derivative Financial Instrume56

Derivative Financial Instrument - Cash Flow Hedges - Additional Information (Detail) - USD ($)	Oct. 28, 2017	Oct. 28, 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	$ 11,800,000	$ 11,800,000	$ 15,000,000
Derivative maturity, month and year		2018-07

Fair Value and Balance Sheet Cl

Fair Value and Balance Sheet Classification of Hedging Instruments (Detail) - Designated as Hedging Instrument - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Derivatives, Fair Value [Line Items]
Derivative financial instrument, fair value	$ 460	$ 181
Foreign currency forward exchange contract | Accounts Payable | Level 2
Derivatives, Fair Value [Line Items]
Derivative financial instrument, fair value	$ 460	$ 181

Summary of Effect and Classific

Summary of Effect and Classification of the Company's Hedging Instruments (Detail) - Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 28, 2017	Oct. 28, 2017
Derivatives, Fair Value [Line Items]
Loss reclassified from accumulated other comprehensive loss to income	$ 86	$ 78
Foreign currency forward exchange contract | Cost of goods sold | Level 2
Derivatives, Fair Value [Line Items]
Loss reclassified from accumulated other comprehensive loss to income	$ 86	$ 78

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Oct. 28, 2017	Oct. 28, 2017	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 (decrease)	$ (18,000)	$ 5,000,000
Increase (decrease) in interest and penalties	(11,000)	176,000
Amount of the unrecognized tax benefits, if recognized, that would affect effective tax rate	$ 2,300,000	$ 2,300,000	1,200,000
Deferred Tax Assets, Valuation Allowance against remaining assets			38,600,000
Internal Revenue Service (IRS)
Income Tax Disclosure [Line Items]
Reserve for adjustment and associated interest			$ 1,100,000
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		2,018
Internal Revenue Service (IRS) | Tax Year 2013
Income Tax Disclosure [Line Items]
Year selected for income tax examination year	2,013
Adjustment to taxable income	$ 12,600,000
Internal Revenue Service (IRS) | Tax Year 2014
Income Tax Disclosure [Line Items]
Year selected for income tax examination year		2,014
Internal Revenue Service (IRS) | Tax Year 2015
Income Tax Disclosure [Line Items]
Year selected for income tax examination year		2,015

Stock Options, Stock Apprecia60

Stock Options, Stock Appreciation Rights and Restricted Shares - Additional Information (Detail) $ in Millions	Mar. 16, 2017shares	Mar. 17, 2011shares	Oct. 28, 2017USD ($)shares	Jul. 29, 2017USD ($)Directorshares	Apr. 29, 2017USD ($)shares	Oct. 28, 2017shares	Mar. 13, 2008shares	Dec. 31, 2006shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock tax withheld			9,691	11,259	25,241
Number of restricted stock tax withholding value | $			$ 0.2	$ 0.2	$ 0.5
2005 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant		5,250,000					4,750,000	2,250,000
Increase in number of shares authorized for grant		500,000
2015 Long-Term Incentive Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant	7,650,000		6,250,000			6,250,000
Increase in number of shares authorized for grant	1,400,000					1,000,000
Expiration date of the plan						Jul. 17, 2025
Subject to Withholding
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock vested			26,672	31,448	77,655
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded				10,681	72,307
Fair value of stock granted | $				$ 0.2	$ 1.5
Vesting period of awards				3 years	3 years
Restricted Stock | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded				28,995
Fair value of stock granted | $				$ 0.6
Vesting period of awards				1 year
Number of directors awarded restricted stock | Director				5
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)	9 Months Ended
	Oct. 28, 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		9 Months Ended
		Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Segment Reporting Information [Line Items]
Total revenues		$ 198,838	$ 193,959	$ 647,537	$ 656,906
Total depreciation and amortization		3,586	3,534	10,550	10,717
Total operating income (loss)		5,320	(5,277)	26,313	13,867
Interest expense		1,613	1,738	5,438	5,652
Total net income (loss) before income taxes		3,707	(7,015)	20,875	8,215
Men's Sportswear and Swim
Segment Reporting Information [Line Items]
Total revenues		141,549	135,717	482,881	478,790
Total depreciation and amortization		1,870	1,814	5,507	5,717
Total operating income (loss)	[1]	3,450	(7,683)	22,834	6,834
Women's Sportswear
Segment Reporting Information [Line Items]
Total revenues		28,104	28,676	77,561	85,301
Total depreciation and amortization		939	729	2,600	2,107
Total operating income (loss)		(2,393)	(1,289)	(6,771)	(4,746)
Direct-to-Consumer
Segment Reporting Information [Line Items]
Total revenues		20,736	20,905	62,164	65,423
Total depreciation and amortization		716	932	2,266	2,717
Total operating income (loss)		(2,543)	(3,370)	(8,604)	(9,675)
Licensing
Segment Reporting Information [Line Items]
Total revenues		8,449	8,661	24,931	27,392
Total depreciation and amortization		61	59	177	176
Total operating income (loss)		$ 6,806	$ 7,065	$ 18,854	$ 21,454
[1]	Operating income (loss) 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.

Revenues Generated by Segment63

Revenues Generated by Segments (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 29, 2016	Oct. 29, 2016
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

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended
	Jun. 30, 2003CompensationPlan	Oct. 29, 2016USD ($)	Oct. 28, 2017CompensationPlan	Oct. 29, 2016USD ($)	Jan. 28, 2017USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of qualified pension plans | CompensationPlan	2		1
Settlement | $		$ (8,300)		$ (8,300)	$ (8,300)

Components of Net Benefit Cost

Components of Net Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Oct. 29, 2016	Oct. 29, 2016	Jan. 28, 2017
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 63	$ 189
Interest cost	124	372
Expected return on plan assets	(87)	(261)
Settlement	8,300	8,300	$ 8,300
Amortization of net loss	155	465
Net periodic benefit cost	$ 8,555	$ 9,065

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior subordinated notes payable, net	$ 49,780	$ 49,673
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts of the real estate mortgages	33,800	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 Finan67

Condensed Consolidating Financial Statements - Additional Information (Detail) - ASU 2016-09 - USD ($) $ in Millions	6 Months Ended	9 Months Ended
	Jul. 30, 2016	Oct. 29, 2016
Condensed Financial Statements, Captions [Line Items]
Increase in net cash used in financing activities	$ 0.9
Guarantors
Condensed Financial Statements, Captions [Line Items]
Increase in net cash used in financing activities		$ (0.9)
Increase in net cash provided by operating activities		$ 0.9

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016	Jan. 30, 2016
Current Assets:
Cash and cash equivalents	$ 26,524	$ 30,695	$ 29,824	$ 31,902
Investment, at fair value	25,596	10,921
Accounts receivable, net	133,843	140,240
Inventories	129,293	151,251
Prepaid income taxes		1,647
Prepaid expenses and other current assets	5,718	6,462
Total current assets	320,974	341,216
Property and equipment, net	57,511	61,835
Other intangible assets, net	186,425	187,051
Deferred income taxes	446	334
Other assets	1,942	2,269
TOTAL	567,298	592,705
Current Liabilities:
Accounts payable	51,440	92,843
Accrued expenses and other liabilities	34,563	20,861
Accrued interest payable	400	1,450
Income taxes payable	1,055
Unearned revenues	2,591	2,710
Total current liabilities	90,049	117,864
Senior subordinated notes payable, net	49,780	49,673
Senior credit facility	7,917	22,504
Real estate mortgages	32,937	33,591
Unearned revenues and other long-term liabilities	15,327	18,271
Deferred income taxes	36,759	37,115
Total long-term liabilities	142,720	161,154
Total liabilities	232,769	279,018
Total equity	334,529	313,687	303,955	291,481
TOTAL	567,298	592,705
Parent
Current Assets:
Intercompany receivable, net	88,713	85,028
Prepaid income taxes		549
Total current assets	88,713	85,577
Investment in subsidiaries	296,198	279,233
TOTAL	384,911	364,810
Current Liabilities:
Accrued interest payable	400	1,450
Income taxes payable	202
Total current liabilities	602	1,450
Senior subordinated notes payable, net	49,780	49,673
Total long-term liabilities	49,780	49,673
Total liabilities	50,382	51,123
Total equity	334,529	313,687
TOTAL	384,911	364,810
Guarantors
Current Assets:
Cash and cash equivalents	3,136	2,578	4,239	775
Accounts receivable, net	108,209	116,874
Inventories	107,185	126,557
Prepaid expenses and other current assets	4,724	5,584
Total current assets	223,254	251,593
Property and equipment, net	55,241	59,651
Other intangible assets, net	154,093	154,719
Other assets	1,549	1,797
TOTAL	434,137	467,760
Current Liabilities:
Accounts payable	44,261	79,600
Accrued expenses and other liabilities	26,265	15,543
Income taxes payable	589	623
Unearned revenues	2,243	2,353
Intercompany payable, net	76,153	77,398
Total current liabilities	149,511	175,517
Senior credit facility	7,917	22,504
Real estate mortgages	32,937	33,591
Unearned revenues and other long-term liabilities	15,201	17,945
Deferred income taxes	36,759	35,419
Total long-term liabilities	92,814	109,459
Total liabilities	242,325	284,976
Total equity	191,812	182,784
TOTAL	434,137	467,760
Non-Guarantors
Current Assets:
Cash and cash equivalents	23,388	28,117	$ 25,585	$ 31,127
Investment, at fair value	25,596	10,921
Accounts receivable, net	25,634	23,366
Inventories	22,108	24,694
Prepaid income taxes		25
Prepaid expenses and other current assets	994	878
Total current assets	97,720	88,001
Property and equipment, net	2,270	2,184
Other intangible assets, net	32,332	32,332
Deferred income taxes	446	334
Other assets	393	472
TOTAL	133,161	123,323
Current Liabilities:
Accounts payable	7,179	13,243
Accrued expenses and other liabilities	8,298	5,318
Income taxes payable	264
Unearned revenues	348	357
Intercompany payable, net	19,268	15,614
Total current liabilities	35,357	34,532
Unearned revenues and other long-term liabilities	126	326
Total long-term liabilities	126	326
Total liabilities	35,483	34,858
Total equity	97,678	88,465
TOTAL	133,161	123,323
Eliminations
Current Assets:
Intercompany receivable, net	(88,713)	(85,028)
Prepaid income taxes		1,073
Total current assets	(88,713)	(83,955)
Investment in subsidiaries	(296,198)	(279,233)
TOTAL	(384,911)	(363,188)
Current Liabilities:
Income taxes payable		(623)
Intercompany payable, net	(95,421)	(93,012)
Total current liabilities	(95,421)	(93,635)
Deferred income taxes		1,696
Total long-term liabilities		1,696
Total liabilities	(95,421)	(91,939)
Total equity	(289,490)	(271,249)
TOTAL	$ (384,911)	$ (363,188)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Revenues:
Net sales	$ 190,389	$ 185,298	$ 622,606	$ 629,514
Royalty income	8,449	8,661	24,931	27,392
Total revenues	198,838	193,959	647,537	656,906
Cost of sales	124,760	122,856	405,891	416,888
Gross profit	74,078	71,103	241,646	240,018
Operating expenses:
Selling, general and administrative expenses	65,172	72,846	204,783	215,434
Depreciation and amortization	3,586	3,534	10,550	10,717
Total operating expenses	68,758	76,380	215,333	226,151
Operating (loss) income	5,320	(5,277)	26,313	13,867
Operating (loss) income	5,320	(5,277)	26,313	13,867
Interest expense (income)	1,613	1,738	5,438	5,652
Net (loss) income before income taxes	3,707	(7,015)	20,875	8,215
Income tax (benefit) provision	492	(1,850)	3,910	2,695
Net (loss) income	3,215	(5,165)	16,965	5,520
Other comprehensive income (loss)	(138)	6,045	1,002	4,942
Comprehensive income (loss)	3,077	880	17,967	10,462
Parent
Operating expenses:
Equity in earnings of subsidiaries, net	3,215	(5,165)	16,965	5,520
Net (loss) income	3,215	(5,165)	16,965	5,520
Other comprehensive income (loss)	(138)	6,045	1,002	4,942
Comprehensive income (loss)	3,077	880	17,967	10,462
Guarantors
Revenues:
Net sales	165,455	162,185	544,849	556,327
Royalty income	5,230	5,230	15,724	17,505
Total revenues	170,685	167,415	560,573	573,832
Cost of sales	109,470	107,489	356,640	368,194
Gross profit	61,215	59,926	203,933	205,638
Operating expenses:
Selling, general and administrative expenses	56,007	63,475	176,865	187,269
Depreciation and amortization	3,279	3,220	9,741	9,687
Total operating expenses	59,286	66,695	186,606	196,956
Operating (loss) income	1,929	(6,769)	17,327	8,682
Operating (loss) income	1,929	(6,769)	17,327	8,682
Interest expense (income)	1,700	1,756	5,609	5,691
Net (loss) income before income taxes	229	(8,525)	11,718	2,991
Income tax (benefit) provision	43	(2,189)	2,690	836
Net (loss) income	186	(6,336)	9,028	2,155
Other comprehensive income (loss)		8,142		8,452
Comprehensive income (loss)	186	1,806	9,028	10,607
Non-Guarantors
Revenues:
Net sales	24,934	23,113	77,757	73,187
Royalty income	3,219	3,431	9,207	9,887
Total revenues	28,153	26,544	86,964	83,074
Cost of sales	15,290	15,367	49,251	48,694
Gross profit	12,863	11,177	37,713	34,380
Operating expenses:
Selling, general and administrative expenses	9,165	9,371	27,918	28,165
Depreciation and amortization	307	314	809	1,030
Total operating expenses	9,472	9,685	28,727	29,195
Operating (loss) income	3,391	1,492	8,986	5,185
Operating (loss) income	3,391	1,492	8,986	5,185
Interest expense (income)	(87)	(18)	(171)	(39)
Net (loss) income before income taxes	3,478	1,510	9,157	5,224
Income tax (benefit) provision	449	339	1,220	1,859
Net (loss) income	3,029	1,171	7,937	3,365
Other comprehensive income (loss)	(138)	(2,097)	1,002	(3,510)
Comprehensive income (loss)	2,891	(926)	8,939	(145)
Eliminations
Operating expenses:
Equity in earnings of subsidiaries, net	(3,215)	5,165	(16,965)	(5,520)
Net (loss) income	(3,215)	5,165	(16,965)	(5,520)
Other comprehensive income (loss)	138	(6,045)	(1,002)	(4,942)
Comprehensive income (loss)	$ (3,077)	$ (880)	$ (17,967)	$ (10,462)

Condensed Consolidating State70

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES:	$ 33,355	$ 38,187
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(5,571)	(9,334)
Purchase of investments	(36,972)	(12,467)
Proceeds from investments maturities	22,246	9,341
Proceeds from note receivable	250	250
Net cash provided by (used in) investing activities	(20,047)	(12,210)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	201,888	250,012
Payments on senior credit facility	(216,475)	(273,933)
Payments on real estate mortgages	(650)	(634)
Payments on capital leases	(212)	(196)
Purchase of treasury shares	(937)	(2,151)
Payments for employee taxes on shares withheld	(980)	(946)
Proceeds from exercise of stock options	24	5
Net cash (used in) provided by financing activities	(17,342)	(27,843)
Effect of exchange rate changes on cash and cash equivalents	(137)	(212)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(4,171)	(2,078)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	30,695	31,902
CASH AND CASH EQUIVALENTS AT END OF PERIOD	26,524	29,824
Parent
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES:	(192)	1,155
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions	1,242	1,203
Net cash provided by (used in) investing activities	1,242	1,203
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury shares	(937)	(2,151)
Proceeds from exercise of stock options	24	5
Net cash (used in) provided by financing activities	(913)	(2,146)
Effect of exchange rate changes on cash and cash equivalents	(137)	(212)
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES:	26,124	33,914
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(4,744)	(8,292)
Net cash provided by (used in) investing activities	(4,744)	(8,292)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility	201,888	250,012
Payments on senior credit facility	(216,475)	(273,933)
Payments on real estate mortgages	(650)	(634)
Payments on capital leases	(212)	(196)
Payments for employee taxes on shares withheld	(980)	(946)
Intercompany transactions	(4,393)	3,539
Net cash (used in) provided by financing activities	(20,822)	(22,158)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	558	3,464
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	2,578	775
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3,136	4,239
Non-Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES:	7,423	5,824
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(827)	(1,042)
Purchase of investments	(36,972)	(12,467)
Proceeds from investments maturities	22,246	9,341
Proceeds from note receivable		250
Net cash provided by (used in) investing activities	(15,303)	(3,918)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid to stockholder		(2,706)
Intercompany transactions	3,288	(4,530)
Net cash (used in) provided by financing activities	3,288	(7,236)
Effect of exchange rate changes on cash and cash equivalents	(137)	(212)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(4,729)	(5,542)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	28,117	31,127
CASH AND CASH EQUIVALENTS AT END OF PERIOD	23,388	25,585
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES:		(2,706)
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany transactions	(1,242)	(1,203)
Net cash provided by (used in) investing activities	(1,242)	(1,203)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid to stockholder		2,706
Intercompany transactions	1,105	991
Net cash (used in) provided by financing activities	1,105	3,697
Effect of exchange rate changes on cash and cash equivalents	$ 137	$ 212