Guess' (GES) 10-Q 2 Dec 15 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 31, 2015	Dec. 01, 2015
Document and Entity Information
Entity Registrant Name	GUESS INC
Trading Symbol	GES
Entity Central Index Key	912,463
Document Type	10-Q
Document Period End Date	Oct. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--01-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		83,770,874
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Current assets:
Cash and cash equivalents	$ 402,386	$ 483,483
Accounts receivable, net	195,825	216,205
Inventories	373,103	319,078
Other current assets	78,831	92,593
Total current assets	1,050,145	1,111,359
Property and equipment, net	240,058	259,524
Goodwill	33,811	34,133
Other intangible assets, net	7,794	9,745
Long-term deferred tax assets	66,117	68,747
Other assets	124,547	117,897
Total assets	1,522,472	1,601,405
Current liabilities:
Current portion of capital lease obligations	4,450	1,548
Accounts payable	175,976	159,924
Accrued expenses	146,624	140,494
Total current liabilities	327,050	301,966
Long-term debt and capital lease obligations	2,189	6,165
Deferred rent and lease incentives	78,160	81,761
Other long-term liabilities	96,128	117,630
Total liabilities	503,527	507,522
Redeemable noncontrolling interests	$ 4,698	$ 4,437
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, $.01 par value. Authorized 10,000,000 shares; no shares issued and outstanding	$ 0	$ 0
Common stock, $.01 par value. Authorized 150,000,000 shares; issued 139,977,240 and 139,559,000 shares, outstanding 83,773,648 and 85,323,154 shares, as of October 31, 2015 and January 31, 2015, respectively	838	853
Paid-in capital	465,105	453,546
Retained earnings	1,240,981	1,265,524
Accumulated other comprehensive loss	(142,239)	(127,065)
Treasury stock, 56,203,592 and 54,235,846 shares as of October 31, 2015 and January 31, 2015, respectively	(562,744)	(519,002)
Guess, Inc. stockholders’ equity	1,001,941	1,073,856
Nonredeemable noncontrolling interests	12,306	15,590
Total stockholders’ equity	1,014,247	1,089,446
Total liabilities and stockholders' equity	$ 1,522,472	$ 1,601,405

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 2015	Jan. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	139,977,240	139,559,000
Common stock, shares outstanding	83,773,648	85,323,154
Treasury stock, shares	56,203,592	54,235,846

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Income Statement [Abstract]
Product sales	$ 493,214	$ 557,862	$ 1,467,110	$ 1,636,569
Net royalties	27,750	31,972	78,942	84,377
Net revenue	520,964	589,834	1,546,052	1,720,946
Cost of product sales	337,300	375,876	998,786	1,113,980
Gross profit	183,664	213,958	547,266	606,966
Selling, general and administrative expenses	162,826	189,093	495,874	554,220
Earnings from operations	20,838	24,865	51,392	52,746
Other income (expense):
Interest expense	(292)	(596)	(1,456)	(1,893)
Interest income	273	351	784	1,076
Other income, net	247	7,484	6,581	11,131
Total other income	228	7,239	5,909	10,314
Earnings before income tax expense	21,066	32,104	57,301	63,060
Income tax expense	8,005	10,594	21,774	21,465
Net earnings	13,061	21,510	35,527	41,595
Net earnings attributable to noncontrolling interests	617	722	1,453	954
Net earnings attributable to Guess, Inc.	$ 12,444	$ 20,788	$ 34,074	$ 40,641
Net earnings per common share attributable to common stockholders (Note 2):
Basic (in dollars per share)	$ 0.15	$ 0.24	$ 0.40	$ 0.48
Diluted (in dollars per share)	$ 0.15	$ 0.24	$ 0.40	$ 0.47
Weighted average common shares outstanding attributable to common stockholders (Note 2):
Basic (in shares)	83,985	84,624	84,651	84,565
Diluted (in shares)	84,373	84,832	84,847	84,789
Dividends declared per common share (in dollars per share)	$ 0.225	$ 0.225	$ 0.675	$ 0.675

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Statement of Comprehensive Income [Abstract]
Net earnings	$ 13,061	$ 21,510	$ 35,527	$ 41,595
Foreign currency translation adjustment
Gains (losses) arising during the period	2,230	(47,100)	(19,406)	(44,558)
Derivative financial instruments designated as cash flow hedges
Gains arising during the period	409	4,356	4,835	3,544
Less income tax effect	(79)	(551)	(847)	(445)
Reclassification to net earnings for (gains) losses realized	(2,467)	800	(8,226)	1,615
Less income tax effect	309	(87)	1,121	283
Marketable securities
Losses arising during the period	(2)	(13)	(16)	(79)
Less income tax effect	1	5	7	30
Reclassification to net earnings for gains realized	0	0	0	(87)
Less income tax effect	0	0	0	33
Defined benefit plans
Actuarial gain	0	0	11,378	0
Less income tax effect	0	0	(4,352)	0
Actuarial loss amortization	116	234	1,059	703
Prior service credit amortization	0	(58)	(97)	(174)
Curtailment	0	0	(1,651)	0
Less income tax effect	(14)	(67)	359	(202)
Total comprehensive income (loss)	13,564	(20,971)	19,691	2,258
Less comprehensive income attributable to noncontrolling interests:
Net earnings	617	722	1,453	954
Foreign currency translation adjustment	(62)	(479)	(662)	(362)
Amounts attributable to noncontrolling interests	555	243	791	592
Comprehensive income (loss) attributable to Guess, Inc.	$ 13,009	$ (21,214)	$ 18,900	$ 1,666

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Cash flows from operating activities:
Net earnings	$ 35,527	$ 41,595
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization of property and equipment	52,370	61,870
Amortization of intangible assets	1,643	2,332
Share-based compensation expense	13,327	11,374
Unrealized forward contract gains	(1,697)	(5,267)
Net (gain) loss on disposition of long-term assets and property and equipment	(1,254)	16,825
Other items, net	1,707	384
Changes in operating assets and liabilities:
Accounts receivable	16,094	30,000
Inventories	(59,330)	(73,709)
Prepaid expenses and other assets	(1,902)	(6,822)
Accounts payable and accrued expenses	25,934	(72,154)
Deferred rent and lease incentives	(3,147)	(1,827)
Other long-term liabilities	(14,545)	(9,485)
Net cash provided by (used in) operating activities	64,727	(4,884)
Cash flows from investing activities:
Purchases of property and equipment	(40,293)	(53,208)
Changes in other assets	3,470	261
Proceeds from maturity and sale of investments	0	5,598
Acquisition of businesses, net of cash acquired	(1,263)	(887)
Net cash settlement of forward contracts	7,557	181
Net cash used in investing activities	(30,529)	(48,055)
Cash flows from financing activities:
Payment of debt issuance costs	(1,072)	0
Proceeds from borrowings	948	1,256
Repayment of capital lease obligations and borrowings	(1,160)	(4,022)
Dividends paid	(57,734)	(57,652)
Noncontrolling interest capital distributions	(4,075)	0
Issuance of common stock, net of tax withholdings on vesting of stock awards	(983)	703
Excess tax benefits from share-based compensation	135	181
Purchase of treasury stock	(44,053)	0
Net cash used in financing activities	(107,994)	(59,534)
Effect of exchange rates on cash and cash equivalents	(7,301)	(15,597)
Net change in cash and cash equivalents	(81,097)	(128,070)
Cash and cash equivalents at the beginning of the year	483,483	502,945
Cash and cash equivalents at the end of the period	402,386	374,875
Supplemental cash flow data:
Interest paid	771	1,205
Income taxes paid	$ 17,692	$ 62,000

Basis of Presentation

Basis of Presentation	9 Months Ended
	Oct. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of management, the accompanying unaudited condensed consolidated financial statements of Guess?, Inc. and its subsidiaries (the “Company”) contain all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the condensed consolidated balance sheets as of October 31, 2015 and January 31, 2015 , the condensed consolidated statements of income and comprehensive income (loss) for the three and nine months ended October 31, 2015 and November 1, 2014 and the condensed consolidated statements of cash flows for the nine months ended October 31, 2015 and November 1, 2014 . The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information and the instructions to Rule 10-01 of Regulation S-X of the Securities and Exchange Commission. Accordingly, they have been condensed and do not include all of the information and footnotes required by GAAP for complete financial statements. The results of operations for the three and nine months ended October 31, 2015 are not necessarily indicative of the results of operations to be expected for the full fiscal year. These financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended January 31, 2015 . The three and nine months ended October 31, 2015 had the same number of days as the three and nine months ended November 1, 2014 . All references herein to “fiscal 2016 ,” “fiscal 2015 ” and “fiscal 2014 ” represent the results of the 52 -week fiscal year ending January 30, 2016 and the 52 -week fiscal years ended January 31, 2015 and February 1, 2014 , respectively. Principles of Consolidation The condensed consolidated financial statements include the accounts of Guess?, Inc., its wholly-owned direct and indirect subsidiaries and its non wholly-owned subsidiaries and joint ventures in which the Company has a controlling financial interest and is determined to be the primary beneficiary. Accordingly, all references herein to “Guess?, Inc.” include the consolidated results of the Company, its wholly-owned subsidiaries and its joint ventures. All intercompany accounts and transactions are eliminated during the consolidation process. Reclassifications The Company has made certain reclassifications to prior year amounts to conform to the current period presentation within the accompanying notes to the condensed consolidated financial statements. New Accounting Guidance In April 2014, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which raises the threshold for disposals to qualify as discontinued operations. Under this new guidance, a discontinued operation is (1) a component of an entity or group of components that have been disposed of or are classified as held for sale and represent a strategic shift that has or will have a major effect on an entity’s operations and financial results, or (2) an acquired business that is classified as held for sale on the acquisition date. This guidance also requires expanded or new disclosures for discontinued operations, individually material disposals that do not meet the definition of a discontinued operation, an entity’s continuing involvement with a discontinued operation following disposal and retained equity method investments in a discontinued operation. The Company adopted this guidance effective February 1, 2015. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements for the three and nine months ended October 31, 2015 . In May 2014, the FASB issued a comprehensive new revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard creates a five-step model for revenue recognition that requires companies to exercise judgment when considering contract terms and relevant facts and circumstances. The five-step model includes (1) identifying the contract, (2) identifying the separate performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations and (5) recognizing revenue when each performance obligation has been satisfied. The standard also requires expanded disclosures surrounding revenue recognition. The standard is effective for fiscal periods beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and allows for either full retrospective or modified retrospective adoption. Early adoption is permitted for fiscal periods beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption. In August 2014, the FASB issued authoritative guidance that requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern and requires additional disclosures if certain criteria are met. This guidance is effective for fiscal periods ending after December 15, 2016, which will be the Company’s fourth quarter of fiscal 2017, with early adoption permitted. The adoption of this guidance is not expected to impact the Company’s consolidated financial statements or related disclosures. In February 2015, the FASB issued authoritative guidance which modifies existing consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. This guidance is effective for fiscal periods beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and allows for either full retrospective or modified retrospective adoption, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption. In April 2015, the FASB issued authoritative guidance to simplify the presentation of debt issuance costs by requiring such costs to be presented as a deduction from the corresponding debt liability. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires retrospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In April 2015, the FASB issued authoritative guidance which would permit an entity to measure its defined benefit plan assets and obligations using the calendar month-end that is closest to the entity’s fiscal period-end for interim and annual periods. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires prospective adoption, with early adoption permitted. The Company is currently evaluating whether it will adopt this guidance, but if adopted, this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In April 2015, the FASB issued authoritative guidance which provides clarification on accounting for cloud computing arrangements which include a software license. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and allows for either prospective or retrospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In July 2015, the FASB issued authoritative guidance to simplify the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. This guidance is effective for fiscal years beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018, and requires prospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In September 2015, the FASB issued authoritative guidance that eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires prospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In November 2015, the FASB issued authoritative guidance to simplify the presentation of deferred income taxes by requiring that all deferred tax liabilities and assets be classified as long-term on the balance sheet. This guidance is effective for fiscal years beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018, and allows for either prospective or retrospective adoption, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share represents net earnings attributable to common stockholders divided by the weighted average number of common shares outstanding during the period. The weighted average number of common shares outstanding does not include restricted stock units with forfeitable dividend rights that have been classified as issued and outstanding but are considered contingently returnable as a result of certain service conditions. These restricted stock units are considered common equivalent shares outstanding and are excluded from the basic earnings per share calculation until the respective service conditions have been met. Diluted earnings per share represents net earnings attributable to common stockholders divided by the weighted average number of common shares outstanding, inclusive of the dilutive impact of common equivalent shares outstanding during the period. However, nonvested restricted stock awards (referred to as participating securities) are excluded from the dilutive impact of common equivalent shares outstanding in accordance with authoritative guidance under the two-class method since the nonvested restricted stockholders are entitled to participate in dividends declared on common stock as if the shares were fully vested and hence are deemed to be participating securities. Under the two-class method, earnings attributable to nonvested restricted stockholders are excluded from net earnings attributable to common stockholders for purposes of calculating basic and diluted earnings per common share. However, net losses are not allocated to nonvested restricted stockholders since they are not contractually obligated to share in the losses of the Company. In addition, the Company has granted certain nonvested stock units that are subject to certain performance-based or market-based vesting conditions as well as continued service requirements through the respective vesting periods. These nonvested stock units are included in the computation of diluted net earnings per common share attributable to common stockholders only to the extent that the underlying performance-based or market-based vesting conditions are satisfied as of the end of the reporting period, or would be considered satisfied if the end of the reporting period were the end of the related contingency period, and the results would be dilutive under the treasury stock method. The computation of basic and diluted net earnings per common share attributable to common stockholders is as follows (in thousands, except per share data): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Net earnings attributable to Guess?, Inc. $ 12,444 $ 20,788 $ 34,074 $ 40,641 Less net earnings attributable to nonvested restricted stockholders 137 135 363 415 Net earnings attributable to common stockholders $ 12,307 $ 20,653 $ 33,711 $ 40,226 Weighted average common shares used in basic computations 83,985 84,624 84,651 84,565 Effect of dilutive securities: Stock options and restricted stock units 388 208 196 224 Weighted average common shares used in diluted computations 84,373 84,832 84,847 84,789 Net earnings per common share attributable to common stockholders: Basic $ 0.15 $ 0.24 $ 0.40 $ 0.48 Diluted $ 0.15 $ 0.24 $ 0.40 $ 0.47 For the three months ended October 31, 2015 and November 1, 2014 , equity awards granted for 2,357,138 and 1,633,245 , respectively, of the Company’s common shares and for the nine months ended October 31, 2015 and November 1, 2014 , equity awards granted for 2,530,121 and 1,558,532 , respectively, of the Company’s common shares were outstanding but were excluded from the computation of diluted weighted average common shares and common equivalent shares outstanding because the assumed proceeds, as calculated under the treasury stock method, resulted in these awards being antidilutive. For the three and nine months ended October 31, 2015 , the Company also excluded 425,866 nonvested stock units which are subject to the achievement of performance-based or market-based vesting conditions from the computation of diluted weighted average common shares and common equivalent shares outstanding because these conditions were not achieved as of October 31, 2015 . For the three and nine months ended November 1, 2014 , the Company excluded 259,700 nonvested stock units which were subject to the achievement of performance-based vesting conditions from the computation of diluted weighted average common shares and common equivalent shares outstanding because these conditions were not achieved as of November 1, 2014 . Share Repurchase Program On June 26, 2012, the Company’s Board of Directors authorized a program to repurchase, from time-to-time and as market and business conditions warrant, up to $ 500 million of the Company’s common stock. Repurchases under the program may be made on the open market or in privately negotiated transactions, pursuant to Rule 10b5-1 trading plans or other available means. There is no minimum or maximum number of shares to be repurchased under the program, which may be discontinued at any time, without prior notice. During the three and nine months ended October 31, 2015 , the Company repurchased 2,000,000 shares under the program at an aggregate cost of $44.0 million . There were no share repurchases during the three and nine months ended November 1, 2014 . As of October 31, 2015 , the Company had remaining authority under the program to purchase $ 451.8 million of its common stock.

Stockholders' Equity and Redeem

Stockholders' Equity and Redeemable Noncontrolling Interests	9 Months Ended
	Oct. 31, 2015
Stockholders' Equity and Redeemable Noncontrolling Interests [Abstract]
Stockholders' Equity and Redeemable Noncontrolling Interests	Stockholders’ Equity and Redeemable Noncontrolling Interests A reconciliation of common stock outstanding, treasury stock and the total carrying amount of total stockholders’ equity, Guess?, Inc. stockholders’ equity and stockholders’ equity attributable to nonredeemable and redeemable noncontrolling interests for the fiscal year ended January 31, 2015 and nine months ended October 31, 2015 is as follows (in thousands, except share data): Shares Stockholders’ Equity Common Stock Treasury Stock Guess?, Inc. Stockholders’ Equity Nonredeemable Noncontrolling Interests Total Redeemable Noncontrolling Interests Balance at February 1, 2014 84,962,345 54,283,384 $ 1,154,514 $ 15,472 $ 1,169,986 $ 5,830 Net earnings — — 94,570 2,614 97,184 — Foreign currency translation adjustment — — (114,566 ) (2,141 ) (116,707 ) (788 ) Gain on derivative financial instruments designated as cash flow hedges, net of income tax of ($721) — — 7,270 — 7,270 — Loss on marketable securities, net of income tax of $61 — — (106 ) — (106 ) — Prior service credit amortization and actuarial valuation loss and related amortization on defined benefit plans, net of income tax of $2,335 — — (5,862 ) — (5,862 ) — Issuance of common stock under stock compensation plans, net of tax effect 313,271 — (1,937 ) — (1,937 ) — Issuance of stock under Employee Stock Purchase Plan 47,538 (47,538 ) 1,008 — 1,008 — Share-based compensation — — 15,342 — 15,342 — Dividends — — (76,982 ) — (76,982 ) — Noncontrolling interest capital distribution — — — (355 ) (355 ) — Redeemable noncontrolling interest redemption value adjustment — — 605 — 605 (605 ) Balance at January 31, 2015 85,323,154 54,235,846 $ 1,073,856 $ 15,590 $ 1,089,446 $ 4,437 Net earnings — — 34,074 1,453 35,527 — Foreign currency translation adjustment — — (18,744 ) (662 ) (19,406 ) (389 ) Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $274 — — (3,117 ) — (3,117 ) — Loss on marketable securities, net of income tax of $7 — — (9 ) — (9 ) — Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax of ($3,993) — — 6,696 — 6,696 — Issuance of common stock under stock compensation plans, net of tax effect 418,240 — (1,921 ) — (1,921 ) — Issuance of stock under Employee Stock Purchase Plan 32,254 (32,254 ) 518 — 518 — Share-based compensation — — 13,327 — 13,327 — Dividends — — (58,036 ) — (58,036 ) — Share repurchases (2,000,000 ) 2,000,000 (44,053 ) — (44,053 ) — Noncontrolling interest capital distribution — — — (4,075 ) (4,075 ) — Redeemable noncontrolling interest redemption value adjustment — — (650 ) — (650 ) 650 Balance at October 31, 2015 83,773,648 56,203,592 $ 1,001,941 $ 12,306 $ 1,014,247 $ 4,698 Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss), net of related income taxes, for the three and nine months ended October 31, 2015 and November 1, 2014 are as follows (in thousands): Three Months Ended Oct 31, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 ) Gains (losses) arising during the period 2,292 330 (1 ) — 2,621 Reclassification to net earnings for (gains) losses realized — (2,158 ) — 102 (2,056 ) Net other comprehensive income (loss) 2,292 (1,828 ) (1 ) 102 565 Balance at October 31, 2015 $ (140,313 ) $ 4,040 $ (12 ) $ (5,954 ) $ (142,239 ) Nine Months Ended Oct 31, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at January 31, 2015 $ (121,569 ) $ 7,157 $ (3 ) $ (12,650 ) $ (127,065 ) Gains (losses) arising during the period (18,744 ) 3,988 (9 ) 7,026 (7,739 ) Reclassification to net earnings for gains realized — (7,105 ) — (330 ) (7,435 ) Net other comprehensive income (loss) (18,744 ) (3,117 ) (9 ) 6,696 (15,174 ) Balance at October 31, 2015 $ (140,313 ) $ 4,040 $ (12 ) $ (5,954 ) $ (142,239 ) Three Months Ended Nov 1, 2014 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at August 2, 2014 $ (4,578 ) $ 366 $ 8 $ (6,570 ) $ (10,774 ) Gains (losses) arising during the period (46,621 ) 3,805 (8 ) — (42,824 ) Reclassification to net earnings for losses realized — 713 — 109 822 Net other comprehensive income (loss) (46,621 ) 4,518 (8 ) 109 (42,002 ) Balance at November 1, 2014 $ (51,199 ) $ 4,884 $ — $ (6,461 ) $ (52,776 ) Nine Months Ended Nov 1, 2014 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at February 1, 2014 $ (7,003 ) $ (113 ) $ 103 $ (6,788 ) $ (13,801 ) Gains (losses) arising during the period (44,196 ) 3,099 (49 ) — (41,146 ) Reclassification to net earnings for (gains) losses realized — 1,898 (54 ) 327 2,171 Net other comprehensive income (loss) (44,196 ) 4,997 (103 ) 327 (38,975 ) Balance at November 1, 2014 $ (51,199 ) $ 4,884 $ — $ (6,461 ) $ (52,776 ) Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings during the three and nine months ended October 31, 2015 and November 1, 2014 are as follows (in thousands): Three Months Ended Nine Months Ended Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Derivative financial instruments designated as cash flow hedges: Foreign exchange currency contracts $ (2,507 ) $ 800 $ (7,450 ) $ 1,559 Cost of product sales Foreign exchange currency contracts 40 — (776 ) 56 Other income/expense Less income tax effect 309 (87 ) 1,121 283 Income tax expense (2,158 ) 713 (7,105 ) 1,898 Marketable securities: Available-for-sale securities — — — (87 ) Other income/expense Less income tax effect — — — 33 Income tax expense — — — (54 ) Defined benefit plans: Actuarial loss amortization 116 234 1,059 703 (1) Prior service credit amortization — (58 ) (97 ) (174 ) (1) Curtailment — — (1,651 ) — (1) Less income tax effect (14 ) (67 ) 359 (202 ) Income tax expense 102 109 (330 ) 327 Total reclassifications during the period $ (2,056 ) $ 822 $ (7,435 ) $ 2,171 __________________________________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information. Redeemable Noncontrolling Interests The Company is party to a put arrangement with respect to the common securities that represent the remaining noncontrolling interest from the acquisition of its majority-owned subsidiary, Guess Sud SAS (“Guess Sud”). The put arrangement for Guess Sud, representing 40% of the total outstanding equity interest of that subsidiary, may be exercised at the discretion of the noncontrolling interest holders by providing written notice to the Company any time after January 30, 2012 . The put arrangement is recorded on the balance sheet at its expected redemption value based on a method which approximates fair value and is classified as a redeemable noncontrolling interest outside of permanent equity. The redemption value of the Guess Sud redeemable put arrangement was $ 4.0 million and $ 3.4 million as of October 31, 2015 and January 31, 2015 , respectively. The Company is also party to a put arrangement with respect to the common securities that represent the remaining noncontrolling interest for its majority-owned subsidiary, Guess Brasil Comércio e Distribuição S.A. (“Guess Brazil”), which was established through a majority-owned joint venture during fiscal 2014. The put arrangement for Guess Brazil, representing 40% of the total outstanding equity interest of that subsidiary, may be exercised at the discretion of the noncontrolling interest holder by providing written notice to the Company beginning in the sixth year of the agreement, or sooner in certain limited circumstances, and every third anniversary from the end of the sixth year thereafter subject to certain time restrictions. The redemption value of the Guess Brazil put arrangement is based on a multiple of Guess Brazil’s earnings before interest, taxes, depreciation and amortization subject to certain adjustments. The carrying value of the redeemable noncontrolling interest related to Guess Brazil was $0.7 million and $1.0 million as of October 31, 2015 and January 31, 2015 , respectively.

Accounts Receivable

Accounts Receivable	9 Months Ended
	Oct. 31, 2015
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable is summarized as follows (in thousands): Oct 31, 2015 Jan 31, 2015 Trade $ 206,000 $ 229,618 Royalty 11,163 10,118 Other 9,920 8,389 227,083 248,125 Less allowance for doubtful accounts 31,258 31,920 $ 195,825 $ 216,205 Accounts receivable consists of trade receivables relating primarily to the Company’s wholesale business in Europe, and to a lesser extent, to its wholesale businesses in the Americas and Asia, royalty receivables relating to its licensing operations, and certain other receivables. Other receivables generally relate to amounts due to the Company that result from activities that are not related to the direct sale of the Company’s products or collection of royalties. The accounts receivable allowance includes allowances for doubtful accounts, wholesale sales returns and wholesale markdowns. Retail sales returns allowances are included in accrued expenses.

Inventories

Inventories	9 Months Ended
	Oct. 31, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): Oct 31, 2015 Jan 31, 2015 Raw materials $ 2,492 $ 4,548 Work in progress 55 77 Finished goods 370,556 314,453 $ 373,103 $ 319,078 The above balances include an allowance to write down inventories to the lower of cost or market of $ 19.5 million and $ 19.7 million as of October 31, 2015 and January 31, 2015 , respectively.

Restructuring Charges

Restructuring Charges	9 Months Ended
	Oct. 31, 2015
Restructuring Charges [Abstract]
Restructuring Charges	Restructuring Charges During the first quarter of fiscal 2014, the Company implemented plans to streamline its structure and reduce expenses in both Europe and North America . During the second quarter of fiscal 2014, the Company expanded these plans to include the consolidation and streamlining of certain operations in Europe and Asia. The Company incurred total restructuring charges of $12.4 million under these plans related primarily to severance, impairment and lease termination costs during fiscal 2014. There were no restructuring charges incurred during the three and nine months ended October 31, 2015 and November 1, 2014 related to these plans. The Company does not expect significant future cash-related charges to be incurred as the actions under these plans were substantially completed during fiscal 2014. As of October 31, 2015 , the balance in accrued expenses for amounts expected to be paid during the remainder of fiscal 2016 were minimal. At January 31, 2015 , the Company had a balance of approximately $0.3 million in accrued expenses related to these restructuring activities. The following table summarizes restructuring activities related primarily to severance during the fiscal year ended January 31, 2015 and nine months ended October 31, 2015 (in thousands): Total Balance at February 1, 2014 $ 4,578 Cash payments (2,952 ) Foreign currency and other adjustments (1,350 ) Balance at January 31, 2015 $ 276 Cash payments (172 ) Foreign currency and other adjustments (67 ) Balance at October 31, 2015 $ 37

Income Taxes

Income Taxes	9 Months Ended
	Oct. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense for the interim periods was computed using the effective tax rate estimated to be applicable for the full fiscal year. The Company’s effective income tax rate in creased to 38.0% for the nine months ended October 31, 2015 from 34.0% for the nine months ended November 1, 2014 . The in crease in the effective income tax rate was due primarily to the distribution of earnings between quarters, a larger mix of taxable income in higher taxable jurisdictions and higher non-deductible compensation costs during the nine months ended October 31, 2015 compared to the same prior-year period. From time-to-time, the Company is subject to routine compliance reviews on various tax matters around the world in the ordinary course of business. As of October 31, 2015 , several income tax audits were underway for various periods in multiple jurisdictions. The Company accrues an amount for its estimate of additional income tax liability which the Company, more likely than not, could incur as a result of the ultimate resolution of income tax audits (“uncertain tax positions”). The Company reviews and updates the estimates used in the accrual for uncertain tax positions as more definitive information becomes available from taxing authorities, upon completion of tax audits, upon expiration of statutes of limitation, or upon occurrence of other events. The Company had aggregate accruals for uncertain tax positions, including penalties and interest, of $ 13.9 million and $14.4 million as of October 31, 2015 and January 31, 2015 , respectively.

Segment Information

Segment Information	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: Americas Retail , Europe , Asia , Americas Wholesale and Licensing . In the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment. The Company’s operating segments are the same as its reportable segments. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before restructuring charges, if any. The Company believes this segment reporting reflects how its five business segments are managed and how each segment’s performance is evaluated by the Company’s chief operating decision maker to assess performance and make resource allocation decisions. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America. The Europe segment includes the Company’s wholesale, retail and e-commerce operations in Europe and the Middle East. The Asia segment includes the Company’s wholesale, retail and e-commerce operations in Asia. The Americas Wholesale segment includes the Company’s wholesale operations in the Americas. The Licensing segment includes the worldwide licensing operations of the Company. The business segment operating results exclude corporate overhead costs, which consist of shared costs of the organization, and restructuring charges. These costs are presented separately and generally include, among other things, the following unallocated corporate costs: accounting and finance, executive compensation, facilities, global advertising and marketing, human resources, information technology and legal. Net revenue and earnings (loss) from operations are summarized as follows for the three and nine months ended October 31, 2015 and November 1, 2014 (in thousands): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Net revenue: Americas Retail(1) $ 226,599 $ 243,238 $ 673,304 $ 715,582 Europe 160,696 189,852 497,468 584,270 Asia 59,100 71,271 179,880 205,656 Americas Wholesale(1) 46,819 53,501 116,458 131,061 Licensing 27,750 31,972 78,942 84,377 Total net revenue $ 520,964 $ 589,834 $ 1,546,052 $ 1,720,946 Earnings (loss) from operations: Americas Retail(1) $ (2,053 ) $ (10,517 ) $ (4,018 ) $ (23,578 ) Europe 6,150 7,660 20,668 25,541 Asia 2,794 2,126 8,294 7,743 Americas Wholesale(1) 9,583 13,940 21,202 26,860 Licensing 24,842 28,157 70,282 75,787 Corporate Overhead (20,478 ) (16,501 ) (65,036 ) (59,607 ) Total earnings from operations $ 20,838 $ 24,865 $ 51,392 $ 52,746 __________________________________ (1) In the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment. Due to the seasonal nature of the Company’s business segments, the above net revenue and operating results are not necessarily indicative of the results that may be expected for the full fiscal year.

Borrowings and Capital Lease Ob

Borrowings and Capital Lease Obligations	9 Months Ended
	Oct. 31, 2015
Debt Disclosure [Abstract]
Borrowings and Capital Lease Obligations	Borrowings and Capital Lease Obligations Borrowings and capital lease obligations are summarized as follows (in thousands): Oct 31, 2015 Jan 31, 2015 European capital lease, maturing quarterly through May 2016 $ 4,450 $ 5,745 Other 2,189 1,968 6,639 7,713 Less current installments 4,450 1,548 Long-term debt and capital lease obligations $ 2,189 $ 6,165 Capital Lease The Company leases a building in Florence, Italy under a capital lease which provides for minimum lease payments through May 1, 2016 . As of October 31, 2015 , the capital lease obligation was $ 4.5 million . The Company entered into a separate interest rate swap agreement designated as a non-hedging instrument that resulted in a swap fixed rate of 3.55% . This interest rate swap agreement matures on February 1, 2016 and converts the nature of the capital lease obligation from Euribor floating-rate debt to fixed-rate debt. The fair value of the interest rate swap liability as of October 31, 2015 was approximately $ 0.1 million . Credit Facilities On June 23, 2015, the Company entered into a five -year senior secured asset-based revolving credit facility with Bank of America, N.A. and the other lenders party thereto (the “Credit Facility”). The Credit Facility provides for a borrowing capacity in an amount up to $ 150 million , including a Canadian sub-facility up to $ 50 million , subject to a borrowing base. Based on applicable accounts receivable, inventory and eligible cash balances as of October 31, 2015 , the Company could have borrowed up to $150 million under the Credit Facility. The Credit Facility has an option to expand the borrowing capacity by up to $ 150 million subject to certain terms and conditions, including the willingness of existing or new lenders to assume such increased amount. The Credit Facility is available for direct borrowings and the issuance of letters of credit, subject to certain letters of credit sublimits, and may be used for working capital and other general corporate purposes. The Credit Facility replaced the Company’s previous $ 300 million credit facility, which was scheduled to mature in July 2016 . No principal or interest was outstanding or accrued and unpaid under the prior credit facility on its termination date. All obligations under the Credit Facility are unconditionally guaranteed by the Company and the Company’s existing and future domestic and Canadian subsidiaries, subject to certain exceptions, and are secured by a first priority lien on substantially all of the assets of the Company and such domestic and Canadian subsidiaries , as applicable. Direct borrowings under the Credit Facility made by the Company and its domestic subsidiaries shall bear interest at the U.S. base rate plus an applicable margin (varying from 0.25% to 0.75% ) or at LIBOR plus an applicable margin (varying from 1.25% to 1.75% ). The U.S. base rate is based on the greater of (i) the U.S. prime rate, (ii) the federal funds rate, plus 0.5% , and (iii) LIBOR for a 30 day interest period, plus 1.0% . Direct borrowings under the Credit Facility made by the Company’s Canadian subsidiaries shall bear interest at the Canadian prime rate plus an applicable margin (varying from 0.25% to 0.75% ) or at the Canadian BA rate plus an applicable margin (varying from 1.25% to 1.75% ). The Canadian prime rate is based on the greater of (i) the Canadian prime rate, (ii) the Bank of Canada overnight rate, plus 0.5% , and (iii) the Canadian BA rate for a one month interest period, plus 1.0% . The applicable margins are calculated quarterly and vary based on the average daily availability of the aggregate borrowing base. The Company is also obligated to pay certain commitment, letter of credit and other fees customary for a credit facility of this size and type. As of October 31, 2015 , the Company had $ 1.7 million in outstanding standby letters of credit, no outstanding documentary letters of credit and no outstanding borrowings under the Credit Facility. The Credit Facility requires the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis if a default or an event of default occurs under the Credit Facility or if the borrowing capacity falls below certain levels. In addition, the Credit Facility contains customary covenants, including covenants that limit or restrict the Company and certain of its subsidiaries’ ability to: incur liens, incur indebtedness, make investments, dispose of assets, make certain restricted payments, merge or consolidate and enter into certain transactions with affiliates. Upon the occurrence of an event of default under the Credit Facility, the lenders may cease making loans, terminate the Credit Facility and declare all amounts outstanding to be immediately due and payable. The Credit Facility specifies a number of events of default (some of which are subject to applicable grace or cure periods), including, among other things, non-payment defaults, covenant defaults, cross-defaults to other material indebtedness, bankruptcy and insolvency defaults and material judgment defaults. The Credit Facility allows for both secured and unsecured borrowings outside of the Credit Facility up to specified amounts. The Company, through its European subsidiaries, maintains short-term uncommitted borrowing agreements, primarily for working capital purposes, with various banks in Europe. The majority of the borrowings under these agreements are secured by specific accounts receivable balances. Based on the applicable accounts receivable balances as of October 31, 2015 , the Company could have borrowed up to $ 68.0 million under these agreements. As of October 31, 2015 , the Company had no outstanding borrowings and $ 1.9 million in outstanding documentary letters of credit under these agreements. The agreements are denominated primarily in euros and provide for annual interest rates ranging from 0.9% to 6.7% . The maturities of any short-term borrowings under these arrangements are generally linked to the credit terms of the underlying accounts receivable that secure the borrowings. With the exception of one facility for up to $ 38.5 million that has a minimum net equity requirement, there are no other financial ratio covenants. Other From time-to-time, the Company will obtain other financing in foreign countries for working capital to finance its local operations.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The following table summarizes the share-based compensation expense recognized under all of the Company’s stock plans during the three and nine months ended October 31, 2015 and November 1, 2014 (in thousands): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Stock options $ 575 $ 542 $ 1,495 $ 1,618 Stock awards/units 4,670 3,187 11,707 9,564 Employee Stock Purchase Plan 30 32 125 192 Total share-based compensation expense $ 5,275 $ 3,761 $ 13,327 $ 11,374 Unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested stock options and nonvested stock awards/units totaled approximately $ 4.9 million and $ 25.2 million , respectively, as of October 31, 2015 . This cost is expected to be recognized over a weighted average period of 1.7 years. The weighted average grant date fair value of options granted was $3.74 and $6.23 during the nine months ended October 31, 2015 and November 1, 2014 , respectively. Grants On July 7, 2015, in connection with a new employment agreement entered into between the Company and Victor Herrero (the “Herrero Employment Agreement”), who became the Company’s Chief Executive Officer on August 1, 2015, the Company granted Mr. Herrero 600,000 stock options and 250,000 nonvested stock units. Mr. Herrero was also granted 150,000 restricted stock units which are considered contingently returnable as a result of certain service conditions set forth in the Herrero Employment Agreement. On April 2, 2015, the Company made an annual grant of 577,700 stock options and 401,700 nonvested stock awards/units to its employees. On April 2, 2014, the Company made an annual grant of 365,600 stock options and 301,200 nonvested stock awards/units to its employees. Performance-Based Awards As discussed above, on July 7, 2015, the Company granted certain nonvested stock units to Mr. Herrero in connection with the Herrero Employment Agreement. The nonvested stock units are scheduled to vest in increments of one-fourth of the shares granted on each anniversary from the date of grant, subject to the achievement of certain performance-based vesting conditions during the last two quarters of fiscal 2016 as well as continued service requirements through each of the vesting periods. The Company has granted certain nonvested stock units to Paul Marciano, the Company’s former Chief Executive Officer and current Executive Chairman of the Board and Chief Creative Officer, in connection with an employment agreement entered into between the Company and Mr. Marciano during fiscal 2014. Each award of nonvested stock units has an initial vesting period from the date of the grant through the end of the first fiscal year followed by two annual vesting periods. The nonvested stock units are subject to the achievement of certain performance-based vesting conditions during the first fiscal year of the grant as well as continued service requirements through each of the vesting periods. The Company has also granted a target number of nonvested stock units to Mr. Marciano in connection with his employment agreement. The number of shares that may ultimately vest with respect to each award will equal 0% to 150% of the target number of shares, subject to the achievement of certain performance-based vesting conditions during the first fiscal year of the grant as well as continued service requirements through the vesting date. Any shares that are ultimately issued are scheduled to vest at the end of the third fiscal year following the grant date. The following table summarizes the activity for nonvested performance-based awards during the nine months ended October 31, 2015 : Number of Units Weighted Average Grant Date Fair Value Nonvested at January 31, 2015 413,834 $ 29.66 Granted 425,866 19.39 Vested (33,333 ) 27.86 Forfeited (159,700 ) 27.86 Nonvested at October 31, 2015 646,667 $ 23.44 Market-Based Awards On May 1, 2015, the Company also granted a target of 183,368 nonvested stock units to Mr. Marciano in connection with his employment agreement. The number of shares that may ultimately vest will equal 0% to 150% of the target number of shares, subject to the performance of the Company’s total stockholder return (“TSR”) relative to the TSR of a select group of peer companies over a three-year period. Vesting is also subject to continued service requirements through the vesting date. Any shares that are ultimately issued are scheduled to vest in fiscal 2019 . The grant date fair value for such nonvested stock units was estimated using a Monte Carlo simulation that incorporates option-pricing inputs covering the period from the grant date through the end of the performance period. Compensation expense is recognized on a straight-line basis over the vesting period.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Oct. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company and its subsidiaries periodically enter into transactions with other entities or individuals that are considered related parties, including certain transactions with entities affiliated with trusts for the respective benefit of Paul Marciano, who is an executive of the Company, Maurice Marciano, Chairman Emeritus of the Board, Armand Marciano, their brother and former executive of the Company, and certain of their children (the “Marciano Trusts”). Leases The Company leases warehouse and administrative facilities, including the Company’s corporate headquarters in Los Angeles, California, from partnerships affiliated with the Marciano Trusts and certain of their affiliates. There were three of these leases in effect as of October 31, 2015 with expiration dates ranging from calendar years 2015 to 2020 . Due to excess capacity at the Company’s corporate headquarters, the lease was amended in August 2015 to reduce the square footage by 13,070 square feet to 341,739 square feet. The amendment also provided for a corresponding pro-rata reduction in aggregate rent, common area maintenance charges and property tax expense due to the lower square footage. All other terms of the existing corporate headquarters lease remain in full force and effect. Aggregate rent, common area maintenance charges and property tax expense recorded under these related party leases for the nine months ended October 31, 2015 and November 1, 2014 was $ 4.0 million and $ 4.6 million , respectively. The Company believes the related party lease terms have not been significantly affected by the fact that the Company and the lessors are related. Aircraft Arrangements The Company periodically charters aircraft owned by MPM Financial, LLC (“MPM Financial”), an entity affiliated with the Marciano Trusts, through informal arrangements with MPM Financial and independent third party management companies contracted by MPM Financial to manage its aircraft. The total fees paid under these arrangements for the nine months ended October 31, 2015 and November 1, 2014 were approximately $ 0.3 million and $ 1.2 million , respectively. Consulting Arrangement After serving for over 30 years as an executive and leader for Guess?, Inc., co-founder Maurice Marciano retired from his position as executive Chairman of the Board and as an employee of the Company upon the expiration of his employment agreement on January 28, 2012. In connection with his retirement and under the terms of his previously existing employment agreement, the Company and Mr. Marciano entered into a two -year consulting agreement, subsequently extended for a third year (the “Marciano Consulting Agreement”), under which Mr. Marciano provided certain consulting services to the Company. The Marciano Consulting Agreement provided for consulting fees of $ 500,000 per year and continued automobile use in a manner consistent with past practice. The Marciano Consulting Agreement expired on January 28, 2015 and was not renewed. However, Mr. Marciano continues to serve the Company as a director and the Chairman Emeritus of the Board. The Company elected to continue to provide for automobile use subsequent to the expiration of the term of the Marciano Consulting Agreement based on Mr. Marciano’s continuing substantial contributions to the Company. There were no expenses incurred related to the Marciano Consulting Agreement during the nine months ended October 31, 2015 . Total expenses incurred with respect to the Marciano Consulting Agreement were approximately $ 0.4 million for the nine months ended November 1, 2014 . Other Transactions From time-to-time, the Company utilizes a third party agent named Harmony Collection, LLC to produce specific apparel products on behalf of the Company. Armand Marciano, brother of Maurice and Paul Marciano, is part owner and an executive of the parent company of Harmony Collection, LLC. There were no payments made by the Company under this arrangement for the nine months ended October 31, 2015 . The total payments made by the Company under this arrangement for the nine months ended November 1, 2014 were approximately $ 1.0 million . These related party disclosures should be read in conjunction with the disclosure concerning related party transactions in the Company’s Annual Report on Form 10-K for the year ended January 31, 2015 .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The Company leases its showrooms, advertising, licensing, sales and merchandising offices, remote distribution and warehousing facilities and retail and factory outlet store locations under operating lease agreements expiring on various dates through September 2031 . Some of these leases require the Company to make periodic payments for property taxes, utilities and common area operating expenses. Certain retail store leases provide for rents based upon the minimum annual rental amount and a percentage of annual sales volume, generally ranging from 2% to 12% , when specific sales volumes are exceeded. Some leases include lease incentives, rent abatements and fixed rent escalations, which are amortized and recorded over the initial lease term on a straight-line basis. The Company also leases some of its equipment under operating lease agreements expiring at various dates through July 2020 . As discussed in further detail in Note 9, the Company leases a building in Florence, Italy under a capital lease which provides for minimum lease payments through May 1, 2016 . Litigation On May 6, 2009, Gucci America, Inc. filed a complaint in the U.S. District Court for the Southern District of New York against Guess?, Inc. and certain third party licensees for the Company asserting, among other things, trademark and trade dress law violations and unfair competition. The complaint sought injunctive relief, compensatory damages, including treble damages, and certain other relief. Complaints similar to those in the above action have also been filed by Gucci entities against the Company and certain of its subsidiaries in the Court of Milan, Italy, the Intermediate People’s Court of Nanjing, China and the Court of Paris, France. The three-week bench trial in the U.S. matter concluded on April 19, 2012, with the court issuing a preliminary ruling on May 21, 2012 and a final ruling on July 19, 2012. Although the plaintiff was seeking compensation in the U.S. matter in the form of damages of $ 26 million and an accounting of profits of $ 99 million , the final ruling provided for monetary damages of $ 2.3 million against the Company and $ 2.3 million against certain of its licensees. The court also granted narrow injunctions in favor of the plaintiff for certain of the claimed infringements. On August 20, 2012, the appeal period expired without any party having filed an appeal, rendering the judgment final. On May 2, 2013, the Court of Milan ruled in favor of the Company in the Milan, Italy matter. In the ruling, the Court rejected all of the plaintiff’s claims and ordered the cancellation of three of the plaintiff’s Italian and four of the plaintiff’s European Community trademark registrations. On June 10, 2013, the plaintiff appealed the Court’s ruling in the Milan matter. On September 15, 2014, the Court of Appeal of Milan affirmed the majority of the lower Court’s ruling in favor of the Company, but overturned the lower Court’s finding with respect to an unfair competition claim. That portion of the matter is now in a damages phase based on the ruling. On October 16, 2015, the plaintiff appealed the remainder of the Court of Appeal of Milan’s ruling in favor of the Company to the Italian Supreme Court of Cassation. In the China matter, the Intermediate People’s Court of Nanjing, China issued a ruling on November 8, 2013 granting an injunction in favor of the plaintiff for certain of the claimed infringements on handbags and small leather goods and awarding the plaintiff statutory damages in the amount of approximately $80,000 . The Company strongly disagrees with the Court’s decision and has appealed the ruling. The judgment in the China matter is stayed pending the appeal, which was heard in May 2014. On January 30, 2015, the Court of Paris ruled in favor of the Company, rejecting all of the plaintiff’s claims and partially canceling two of the plaintiff’s community trademark registrations and one of the plaintiff’s international trademark registrations. On February 17, 2015, the plaintiff appealed the Court of Paris’ ruling. On August 25, 2006, Franchez Isaguirre, a former employee of the Company, filed a complaint in the Superior Court of California, County of Los Angeles alleging violations by the Company of California wage and hour laws. The complaint was subsequently amended, adding a second former employee as an additional named party. The plaintiffs purport to represent a class of similarly situated employees in California who allegedly had been injured by not being provided adequate meal and rest breaks. The complaint seeks unspecified compensatory damages, statutory penalties, attorney’s fees and injunctive and declaratory relief. On June 9, 2009, the Court certified the class but immediately stayed the case pending the resolution of a separate California Supreme Court case on the standards of class treatment for meal and rest break claims. Following the Supreme Court ruling, the Superior Court denied the Company’s motions to decertify the class and to narrow the class in January 2013 and June 2013, respectively. The Company subsequently petitioned to have the Court’s decision not to narrow the class definition reviewed. That petition was ultimately denied by the California Supreme Court in April 2014. In July 2015, the parties entered into a Memorandum of Understanding to settle the matter for $5.25 million , subject to certain limited offsets. The settlement was preliminarily approved by the Court in October 2015, but still remains subject to further review and final approval of the Court. The Company has received customs tax assessment notices from the Italian Customs Agency regarding its customs tax audit of one of the Company’s European subsidiaries for the period from July 2010 through December 2012 . Such assessments totaled € 9.8 million ($ 10.8 million ), including potential penalties and interest. The Company strongly disagrees with the positions that the Italian Customs Agency has taken and therefore filed appeals with the Milan First Degree Tax Court (“MFDTC”). On May 5, 2015, the MFDTC issued a judgment in favor of the Company in relation to the first set of appeals (covering the period through September 2010 ) and canceled the related assessments totaling € 1.7 million ($ 1.8 million ). In November 2015, the Italian Customs Agency notified the Company of its intent to appeal the MFDTC judgment. While the initial judgment was favorable to the Company, there can be no assurances that the Company’s remaining appeals for October 2010 through December 2012 will be successful or that the Italian Customs Agency will not be successful in its appeal of the MFDTC judgment. It also continues to be possible that the Company will receive similar or even larger assessments for periods subsequent to December 2012 or other claims or charges related to the matter in the future. Although the Company believes that it has a strong position and will continue to vigorously defend each of the remaining matters, it is unable to predict with certainty whether or not these efforts will ultimately be successful or whether the outcomes will have a material impact on the Company’s financial position or results of operations. The Company is also involved in various other claims and other matters incidental to the Company’s business, the resolutions of which are not expected to have a material adverse effect on the Company’s financial position or results of operations.

Defined Benefit Plans

Defined Benefit Plans	9 Months Ended
	Oct. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Defined Benefit Plans	Defined Benefit Plans Supplemental Executive Retirement Plan On August 23, 2005, the Board of Directors of the Company adopted a Supplemental Executive Retirement Plan (“SERP”) which became effective January 1, 2006. The SERP provides select employees who satisfy certain eligibility requirements with certain benefits upon retirement, termination of employment, death, disability or a change in control of the Company, in certain prescribed circumstances. In July 2015, the SERP was amended in connection with Paul Marciano’s planned transition from Chief Executive Officer to Executive Chairman of the Board and Chief Creative Officer. The amendment effectively eliminated any future salary progression by finalizing compensation levels for future benefits. Mr. Marciano will continue to be eligible to receive SERP benefits in the future in accordance with the amended terms of the SERP. Subsequent to the amendment, there are no employees considered actively participating under the terms of the SERP. As a result , the Company included an actuarial gain of $11.4 million before taxes in accumulated other comprehensive income (loss) during the nine months ended October 31, 2015. In addition, the Company also recognized a curtailment gain of $1.7 million before taxes related to the accelerated amortization of the remaining prior service credit during the nine months ended October 31, 2015 . The actuarial and curtailment gains were recorded during the three months ended August 1, 2015. As a non-qualified pension plan, no dedicated funding of the SERP is required; however, the Company has made periodic payments into insurance policies held in a rabbi trust to fund the expected obligations arising under the non-qualified SERP. The amount of any future payments into the insurance policies, if any, may vary depending on investment performance of the trust. The cash surrender values of the insurance policies were $ 55.1 million and $ 53.6 million as of October 31, 2015 and January 31, 2015 , respectively, and were included in other assets in the Company’s condensed consolidated balance sheets. As a result of changes in the value of the insurance policy investments, the Company recorded unrealized gains (losses) of $ (0.8) million and $ 0.8 million in other income and expense during the three and nine months ended October 31, 2015 , respectively, and unrealized gains of $ 0.8 million and $ 3.0 million in other income during the three and nine months ended November 1, 2014 , respectively. During the nine months ended October 31, 2015 , the Company also recorded realized gains of $0.7 million in other income resulting from payout on the insurance policies. The realized gains were recorded during the three months ended May 2, 2015. The projected benefit obligation was $50.7 million and $61.9 million as of October 31, 2015 and January 31, 2015 , respectively, and was included in accrued expenses and other long-term liabilities in the Company’s condensed consolidated balance sheets depending on the expected timing of payments. SERP benefit payments of $0.4 million and $1.3 million were made during the three and nine months ended October 31, 2015 , respectively. SERP benefit payments of $0.6 million and $0.8 million were made during the three and nine months ended November 1, 2014 . The components of net periodic defined benefit pension cost for the three and nine months ended October 31, 2015 and November 1, 2014 related to the SERP are as follows (in thousands): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Interest cost $ 498 $ 573 $ 1,489 $ 1,717 Net amortization of unrecognized prior service credit — (58 ) (97 ) (174 ) Net amortization of actuarial losses 11 234 729 703 Curtailment gain — — (1,651 ) — Net periodic defined benefit pension cost $ 509 $ 749 $ 470 $ 2,246 Swiss Pension Plan In accordance with local regulations, the Company also maintains a pension plan in Switzerland for certain of its employees. The plan is a government-mandated defined contribution plan that provides employees with a minimum investment return determined annually by the Swiss government, and as such, is treated under pension accounting in accordance with authoritative guidance. Under the plan, both the Company and certain of its employees with annual earnings in excess of government determined amounts are required to make contributions into a fund managed by an independent investment fiduciary. The Company’s contributions must be made in an amount at least equal to the employee’s contribution. Minimum employee contributions are based on the respective employee’s age, salary and gender. As of October 31, 2015 and January 31, 2015 , the plan had a projected benefit obligation of CHF 14.8 million (US$ 15.0 million ) and CHF 13.9 million (US$ 15.1 million ), respectively, and plan assets held at the independent investment fiduciary of CHF 12.4 million (US$ 12.6 million ) and CHF 11.5 million (US$ 12.5 million ), respectively. The net liability of CHF 2.4 million (US$ 2.4 million ) and CHF 2.4 million (US$ 2.6 million ) was included in other long-term liabilities in the Company’s condensed consolidated balance sheets as of October 31, 2015 and January 31, 2015 , respectively. During the three and nine months ended October 31, 2015 , the Company recognized net periodic defined benefit pension cost of CHF 0.4 million (US$ 0.4 million ) and CHF 1.3 million (US $1.3 million ), respectively, resulting from service cost and net amortization of actuarial losses related to the Swiss pension plan.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Authoritative guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into three broad levels as follows: Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that can be accessed at the measurement date. Level 2—Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e. interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3—Unobservable inputs that reflect assumptions about what market participants would use in pricing the asset or liability. These inputs would be based on the best information available, including the Company’s own data. The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of October 31, 2015 and January 31, 2015 (in thousands): Fair Value Measurements at Oct 31, 2015 Fair Value Measurements at Jan 31, 2015 Recurring Fair Value Measures Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Foreign exchange currency contracts $ — $ 6,280 $ — $ 6,280 $ — $ 15,542 $ — $ 15,542 Available-for-sale securities 20 — — 20 36 — — 36 Total $ 20 $ 6,280 $ — $ 6,300 $ 36 $ 15,542 $ — $ 15,578 Liabilities: Foreign exchange currency contracts $ — $ 145 $ — $ 145 $ — $ — $ — $ — Interest rate swap — 118 — 118 — 270 — 270 Deferred compensation obligations — 10,656 — 10,656 — 9,133 — 9,133 Total $ — $ 10,919 $ — $ 10,919 $ — $ 9,403 $ — $ 9,403 There were no transfers of financial instruments between the three levels of fair value hierarchy during the nine months ended October 31, 2015 or during the year ended January 31, 2015 . The fair values of the Company ’ s available-for-sale securities are based on quoted prices. The fair value of the interest rate swaps are based upon inputs corroborated by observable market data. Foreign exchange forward contracts are entered into by the Company principally to hedge the future payment of inventory and intercompany transactions by non-U.S. subsidiaries. Periodically, the Company may also use foreign currency forward contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries. The fair values of the Company ’ s foreign exchange forward contracts are based on quoted foreign exchange forward rates at the reporting date. Deferred compensation obligations to employees are adjusted based on changes in the fair value of the underlying employee-directed investments. Fair value of these obligations is based upon inputs corroborated by observable market data. Available-for-sale securities, which consist of marketable equity securities, are recorded at fair value and are included in other assets in the accompanying condensed consolidated balance sheets. As of October 31, 2015 and January 31, 2015 , available-for-sale securities were minimal. Unrealized gains (losses), net of taxes, are included as a component of stockholders ’ equity and comprehensive income (loss). As of October 31, 2015 and January 31, 2015 , the accumulated unrealized losses , net of taxes, included in accumulated other comprehensive income (loss) related to available-for-sale securities owned by the Company were minimal. During the nine months ended November 1, 2014 , the Company received proceeds of $0.6 million from the sale of marketable equity securities which were classified as available-for-sale securities. The sale of marketable equity securities was made during the three months ended May 3, 2014. The cost of securities sold was based on the specific identification method. Gains recognized during the nine months ended November 1, 2014 were $0.1 million as a result of this sale and were included in other income. The carrying amount of the Company ’ s remaining financial instruments, which principally include cash and cash equivalents, trade receivables, accounts payable and accrued expenses, approximates fair value due to the relatively short maturity of such instruments. The fair values of the Company ’ s debt instruments (see Note 9) are based on the amount of future cash flows associated with each instrument discounted using the Company ’ s incremental borrowing rate. As of October 31, 2015 and January 31, 2015 , the carrying value of all financial instruments was not materially different from fair value, as the interest rates on variable-rate debt including the capital lease obligation approximated rates currently available to the Company. Long-Lived Assets Long-lived assets, such as property and equipment, and purchased intangibles subject to amortization, are reviewed for impairment quarterly or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company considers each individual retail location as an asset group for impairment testing, which is the lowest level at which individual cash flows can be identified. The asset group includes leasehold improvements, furniture, fixtures and equipment, computer hardware and software and certain long-term security deposits and lease acquisition costs. The Company reviews retail locations in penetrated markets for impairment risk once the locations have been opened for at least one year in their current condition, or sooner as changes in circumstances require. The Company believes that waiting one year allows a retail location to reach a maturity level where a more comprehensive analysis of financial performance can be performed. The Company evaluates impairment risk for retail locations in new markets, where the Company is in the early stages of establishing its presence, once the locations have been opened for at least two years. The Company believes that waiting two years allows for brand awareness to be established. The Company also evaluates impairment risk for retail locations that are expected to be closed in the foreseeable future. An asset is considered to be impaired if the Company determines that the carrying value may not be recoverable based upon its assessment of the asset ’ s ability to continue to generate earnings from operations and positive cash flow in future periods or if significant changes in the Company ’ s strategic business objectives and utilization of the assets occurred. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the estimated fair value, which is determined based on discounted future cash flows. The impairment loss calculations require management to apply judgment in estimating future cash flows and the discount rates that reflect the risk inherent in future cash flows. Future expected cash flows for assets in retail locations are based on management ’ s estimates of future cash flows over the remaining lease period or expected life, if shorter. For expected retail location closures, the Company will evaluate whether it is necessary to shorten the useful life for any of the assets within the respective asset group. The Company will use this revised useful life when estimating the asset group’s future cash flows. The Company considers historical trends, expected future business trends and other factors when estimating the future cash flow for each retail location. The Company also considers factors such as: the local environment for each retail location, including mall traffic and competition; the Company ’ s ability to successfully implement strategic initiatives; and the ability to control variable costs such as cost of sales and payroll and, in some cases, renegotiate lease costs. The estimated cash flows used for this nonrecurring fair value measurement are considered a Level 3 input as defined above. If actual results are not consistent with the assumptions and judgments used in estimating future cash flows and asset fair values, there may be additional exposure to future impairment losses that could be material to the Company ’ s results of operations. The Company recorded impairment charges of $0.2 million and $ 2.0 million during the three and nine months ended October 31, 2015 , respectively, and $9.8 million and $ 14.6 million during the three and nine months ended November 1, 2014 , respectively. The impairment charges related primarily to the impairment of certain retail locations in North America and Europe resulting from under-performance or the exercise of kick-out options during each of the respective periods. These impairment charges were included in selling, general and administrative expenses in the Company’s condensed consolidated statements of income for each of the respective periods.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Oct. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Hedging Strategy The Company operates in foreign countries, which exposes it to market risk associated with foreign currency exchange rate fluctuations. The Company has entered into certain forward contracts to hedge the risk of foreign currency rate fluctuations. The Company has elected to apply the hedge accounting rules in accordance with authoritative guidance for certain of these hedges. The Company’s primary objective is to hedge the variability in forecasted cash flows due to the foreign currency risk. Various transactions that occur primarily in Europe, Canada, South Korea and Mexico are denominated in U.S. dollars and British pounds and thus are exposed to earnings risk as a result of exchange rate fluctuations when converted to their functional currencies. These types of transactions include U.S. dollar denominated purchases of merchandise and U.S. dollar and British pound denominated intercompany liabilities. In addition, certain operating expenses, tax liabilities and pension-related liabilities are denominated in Swiss francs and are exposed to earnings risk as a result of exchange rate fluctuations when converted to the functional currency. The Company enters into derivative financial instruments , including forward exchange contracts, to offset some but not all of the exchange risk on certain of these anticipated foreign currency transactions . Periodically, the Company may also use foreign currency forward contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries. The impact of the credit risk of the counterparties to the derivative contracts is considered in determining the fair value of the foreign currency forward contracts. As of October 31, 2015 , credit risk has not had a significant effect on the fair value of the Company’s foreign currency contracts. The Company also has interest rate swap agreements, which are not designated as hedges for accounting purposes, to effectively convert its floating-rate debt to a fixed-rate basis. The principal objective of these contracts is to eliminate or reduce the variability of the cash flows in interest payments associated with the Company’s variable-rate capital lease obligation, thus reducing the impact of interest rate changes on future interest payment cash flows. Refer to Note 9 for further information. Hedge Accounting Policy U.S. dollar forward contracts are used to hedge forecasted merchandise purchases over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as cash flow hedges, are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are recognized in cost of product sales in the period which approximates the time the hedged merchandise inventory is sold . The Company also hedges forecasted intercompany royalties over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as cash flow hedges, are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are recognized in other income and expense in the period in which the royalty expense is incurred. The Company has also used U.S. dollar forward contracts to hedge the net investments of certain of the Company’s international subsidiaries over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as net investment hedges, are recorded in foreign currency translation adjustment as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are not recognized in earnings until the sale or liquidation of the hedged net investment. The Company also has foreign currency contracts that are not designated as hedging instruments for accounting purposes. Changes in fair value of foreign currency contracts not designated as hedging instruments are reported in net earnings as part of other income and expense. Summary of Derivative Instruments The fair value of derivative instruments in the condensed consolidated balance sheets as of October 31, 2015 and January 31, 2015 is as follows (in thousands): Derivative Balance Sheet Location Fair Value at Fair Value at ASSETS: Derivatives designated as hedging instruments: Foreign exchange currency contracts: Cash flow hedges Other current assets/ Other assets $ 4,307 $ 6,597 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other current assets 1,973 8,945 Total $ 6,280 $ 15,542 LIABILITIES: Derivatives designated as hedging instruments: Foreign exchange currency contracts: Cash flow hedges Accrued expenses $ 36 $ — Derivatives not designated as hedging instruments: Foreign exchange currency contracts Accrued expenses 109 — Interest rate swaps Accrued expenses/ Other long-term liabilities 118 270 Total derivatives not designated as hedging instruments 227 270 Total $ 263 $ 270 Derivatives Designated as Hedging Instruments Cash Flow Hedges During the nine months ended October 31, 2015 , the Company purchased U.S. dollar forward contracts in Europe and Canada totaling US $110.6 million and US $70.6 million , respectively, to hedge forecasted merchandise purchases and intercompany royalties that were designated as cash flow hedges. As of October 31, 2015 , the Company had forward contracts outstanding for its European and Canadian operations of US$ 107.4 million and US$ 55.6 million , respectively, which are expected to mature over the next 18 months . The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings for the three and nine months ended October 31, 2015 and November 1, 2014 (in thousands): Gain Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Three Months Ended Three Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 363 $ 3,869 Cost of product sales $ 2,507 $ (800 ) Foreign exchange currency contracts $ 46 $ 487 Other income/expense $ (40 ) $ — Gain Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Nine Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 4,559 $ 3,163 Cost of product sales $ 7,450 $ (1,559 ) Foreign exchange currency contracts $ 276 $ 381 Other income/expense $ 776 $ (56 ) __________________________________ (1) The ineffective portion was immaterial during the three and nine months ended October 31, 2015 and November 1, 2014 and was recorded in net earnings and included in interest income/expense. As of October 31, 2015 , accumulated other comprehensive income (loss) included a net unrealized gain of approximately $ 4.0 million , net of tax, of which $ 3.2 million will be recognized in cost of product sales or other income over the following 12 months, at the then current values on a pre-tax basis, which can be different than the current quarter-end values. The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Beginning balance gain (loss) $ 5,868 $ 366 $ 7,157 $ (113 ) Net gains from changes in cash flow hedges 330 3,805 3,988 3,099 Net (gains) losses reclassified to earnings (2,158 ) 713 (7,105 ) 1,898 Ending balance gain $ 4,040 $ 4,884 $ 4,040 $ 4,884 At January 31, 2015 , the Company had forward contracts outstanding for its European and Canadian operations of US$ 50.8 million and US$ 24.5 million , respectively, that were designated as cash flow hedges. Derivatives Not Designated as Hedging Instruments As of October 31, 2015 , the Company had euro foreign currency contracts to purchase US$ 67.5 million expected to mature over the next 11 months and Canadian dollar foreign currency contracts to purchase US $19.9 million expected to mature over the next ten months . The following table summarizes the gains before taxes recognized on the derivative instruments not designated as hedging instruments in other income for the three and nine months ended October 31, 2015 and November 1, 2014 (in thousands): Location of Gain Recognized in Earnings Gain Recognized in Earnings Gain Recognized in Earnings Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other income/expense $ 286 $ 6,262 $ 2,445 $ 7,457 Interest rate swaps Other income/expense $ 44 $ 54 $ 140 $ 186 At January 31, 2015 , the Company had euro foreign currency contracts to purchase US$ 59.3 million and Canadian dollar foreign currency contracts to purchase US$ 19.9 million .

Subsequent Events

Subsequent Events	9 Months Ended
	Oct. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 9, 2015, the Company entered into an agreement to purchase, for approximately $29 million , the facility that the Company currently leases to house its U.S. distribution center. The purchase is expected to be completed during the fourth quarter of fiscal 2016. The Company is evaluating whether it will finance this purchase with cash, borrowings (through current credit facilities or new arrangements) or a combination thereof. On November 24, 2015 , the Company announced a regular quarterly cash dividend of $0.225 per share on the Company’s common stock. The cash dividend will be paid on December 24, 2015 to shareholders of record as of the close of business on December 9, 2015 .

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Oct. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of Guess?, Inc., its wholly-owned direct and indirect subsidiaries and its non wholly-owned subsidiaries and joint ventures in which the Company has a controlling financial interest and is determined to be the primary beneficiary. Accordingly, all references herein to “Guess?, Inc.” include the consolidated results of the Company, its wholly-owned subsidiaries and its joint ventures. All intercompany accounts and transactions are eliminated during the consolidation process.
Reclassifications	Reclassifications The Company has made certain reclassifications to prior year amounts to conform to the current period presentation within the accompanying notes to the condensed consolidated financial statements.
New Accounting Guidance	New Accounting Guidance In April 2014, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which raises the threshold for disposals to qualify as discontinued operations. Under this new guidance, a discontinued operation is (1) a component of an entity or group of components that have been disposed of or are classified as held for sale and represent a strategic shift that has or will have a major effect on an entity’s operations and financial results, or (2) an acquired business that is classified as held for sale on the acquisition date. This guidance also requires expanded or new disclosures for discontinued operations, individually material disposals that do not meet the definition of a discontinued operation, an entity’s continuing involvement with a discontinued operation following disposal and retained equity method investments in a discontinued operation. The Company adopted this guidance effective February 1, 2015. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements for the three and nine months ended October 31, 2015 . In May 2014, the FASB issued a comprehensive new revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard creates a five-step model for revenue recognition that requires companies to exercise judgment when considering contract terms and relevant facts and circumstances. The five-step model includes (1) identifying the contract, (2) identifying the separate performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations and (5) recognizing revenue when each performance obligation has been satisfied. The standard also requires expanded disclosures surrounding revenue recognition. The standard is effective for fiscal periods beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and allows for either full retrospective or modified retrospective adoption. Early adoption is permitted for fiscal periods beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption. In August 2014, the FASB issued authoritative guidance that requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern and requires additional disclosures if certain criteria are met. This guidance is effective for fiscal periods ending after December 15, 2016, which will be the Company’s fourth quarter of fiscal 2017, with early adoption permitted. The adoption of this guidance is not expected to impact the Company’s consolidated financial statements or related disclosures. In February 2015, the FASB issued authoritative guidance which modifies existing consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. This guidance is effective for fiscal periods beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and allows for either full retrospective or modified retrospective adoption, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption. In April 2015, the FASB issued authoritative guidance to simplify the presentation of debt issuance costs by requiring such costs to be presented as a deduction from the corresponding debt liability. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires retrospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In April 2015, the FASB issued authoritative guidance which would permit an entity to measure its defined benefit plan assets and obligations using the calendar month-end that is closest to the entity’s fiscal period-end for interim and annual periods. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires prospective adoption, with early adoption permitted. The Company is currently evaluating whether it will adopt this guidance, but if adopted, this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In April 2015, the FASB issued authoritative guidance which provides clarification on accounting for cloud computing arrangements which include a software license. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and allows for either prospective or retrospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In July 2015, the FASB issued authoritative guidance to simplify the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. This guidance is effective for fiscal years beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018, and requires prospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In September 2015, the FASB issued authoritative guidance that eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires prospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In November 2015, the FASB issued authoritative guidance to simplify the presentation of deferred income taxes by requiring that all deferred tax liabilities and assets be classified as long-term on the balance sheet. This guidance is effective for fiscal years beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018, and allows for either prospective or retrospective adoption, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Computation of basic and diluted net earnings per common share attributable to common stockholders	The computation of basic and diluted net earnings per common share attributable to common stockholders is as follows (in thousands, except per share data): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Net earnings attributable to Guess?, Inc. $ 12,444 $ 20,788 $ 34,074 $ 40,641 Less net earnings attributable to nonvested restricted stockholders 137 135 363 415 Net earnings attributable to common stockholders $ 12,307 $ 20,653 $ 33,711 $ 40,226 Weighted average common shares used in basic computations 83,985 84,624 84,651 84,565 Effect of dilutive securities: Stock options and restricted stock units 388 208 196 224 Weighted average common shares used in diluted computations 84,373 84,832 84,847 84,789 Net earnings per common share attributable to common stockholders: Basic $ 0.15 $ 0.24 $ 0.40 $ 0.48 Diluted $ 0.15 $ 0.24 $ 0.40 $ 0.47

Stockholders' Equity and Rede25

Stockholders' Equity and Redeemable Noncontrolling Interests (Tables)	9 Months Ended
	Oct. 31, 2015
Stockholders' Equity and Redeemable Noncontrolling Interests [Abstract]
Reconciliation of common stock outstanding, treasury stock and the total carrying amount of total stockholders' equity, Guess, Inc. stockholders' equity and stockholders' equity attributable to nonredeemable and redeemable noncontrolling interests	A reconciliation of common stock outstanding, treasury stock and the total carrying amount of total stockholders’ equity, Guess?, Inc. stockholders’ equity and stockholders’ equity attributable to nonredeemable and redeemable noncontrolling interests for the fiscal year ended January 31, 2015 and nine months ended October 31, 2015 is as follows (in thousands, except share data): Shares Stockholders’ Equity Common Stock Treasury Stock Guess?, Inc. Stockholders’ Equity Nonredeemable Noncontrolling Interests Total Redeemable Noncontrolling Interests Balance at February 1, 2014 84,962,345 54,283,384 $ 1,154,514 $ 15,472 $ 1,169,986 $ 5,830 Net earnings — — 94,570 2,614 97,184 — Foreign currency translation adjustment — — (114,566 ) (2,141 ) (116,707 ) (788 ) Gain on derivative financial instruments designated as cash flow hedges, net of income tax of ($721) — — 7,270 — 7,270 — Loss on marketable securities, net of income tax of $61 — — (106 ) — (106 ) — Prior service credit amortization and actuarial valuation loss and related amortization on defined benefit plans, net of income tax of $2,335 — — (5,862 ) — (5,862 ) — Issuance of common stock under stock compensation plans, net of tax effect 313,271 — (1,937 ) — (1,937 ) — Issuance of stock under Employee Stock Purchase Plan 47,538 (47,538 ) 1,008 — 1,008 — Share-based compensation — — 15,342 — 15,342 — Dividends — — (76,982 ) — (76,982 ) — Noncontrolling interest capital distribution — — — (355 ) (355 ) — Redeemable noncontrolling interest redemption value adjustment — — 605 — 605 (605 ) Balance at January 31, 2015 85,323,154 54,235,846 $ 1,073,856 $ 15,590 $ 1,089,446 $ 4,437 Net earnings — — 34,074 1,453 35,527 — Foreign currency translation adjustment — — (18,744 ) (662 ) (19,406 ) (389 ) Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $274 — — (3,117 ) — (3,117 ) — Loss on marketable securities, net of income tax of $7 — — (9 ) — (9 ) — Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax of ($3,993) — — 6,696 — 6,696 — Issuance of common stock under stock compensation plans, net of tax effect 418,240 — (1,921 ) — (1,921 ) — Issuance of stock under Employee Stock Purchase Plan 32,254 (32,254 ) 518 — 518 — Share-based compensation — — 13,327 — 13,327 — Dividends — — (58,036 ) — (58,036 ) — Share repurchases (2,000,000 ) 2,000,000 (44,053 ) — (44,053 ) — Noncontrolling interest capital distribution — — — (4,075 ) (4,075 ) — Redeemable noncontrolling interest redemption value adjustment — — (650 ) — (650 ) 650 Balance at October 31, 2015 83,773,648 56,203,592 $ 1,001,941 $ 12,306 $ 1,014,247 $ 4,698
Schedule of changes in accumulated other comprehensive income (loss), net of related income taxes	The changes in accumulated other comprehensive income (loss), net of related income taxes, for the three and nine months ended October 31, 2015 and November 1, 2014 are as follows (in thousands): Three Months Ended Oct 31, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 ) Gains (losses) arising during the period 2,292 330 (1 ) — 2,621 Reclassification to net earnings for (gains) losses realized — (2,158 ) — 102 (2,056 ) Net other comprehensive income (loss) 2,292 (1,828 ) (1 ) 102 565 Balance at October 31, 2015 $ (140,313 ) $ 4,040 $ (12 ) $ (5,954 ) $ (142,239 ) Nine Months Ended Oct 31, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at January 31, 2015 $ (121,569 ) $ 7,157 $ (3 ) $ (12,650 ) $ (127,065 ) Gains (losses) arising during the period (18,744 ) 3,988 (9 ) 7,026 (7,739 ) Reclassification to net earnings for gains realized — (7,105 ) — (330 ) (7,435 ) Net other comprehensive income (loss) (18,744 ) (3,117 ) (9 ) 6,696 (15,174 ) Balance at October 31, 2015 $ (140,313 ) $ 4,040 $ (12 ) $ (5,954 ) $ (142,239 ) Three Months Ended Nov 1, 2014 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at August 2, 2014 $ (4,578 ) $ 366 $ 8 $ (6,570 ) $ (10,774 ) Gains (losses) arising during the period (46,621 ) 3,805 (8 ) — (42,824 ) Reclassification to net earnings for losses realized — 713 — 109 822 Net other comprehensive income (loss) (46,621 ) 4,518 (8 ) 109 (42,002 ) Balance at November 1, 2014 $ (51,199 ) $ 4,884 $ — $ (6,461 ) $ (52,776 ) Nine Months Ended Nov 1, 2014 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at February 1, 2014 $ (7,003 ) $ (113 ) $ 103 $ (6,788 ) $ (13,801 ) Gains (losses) arising during the period (44,196 ) 3,099 (49 ) — (41,146 ) Reclassification to net earnings for (gains) losses realized — 1,898 (54 ) 327 2,171 Net other comprehensive income (loss) (44,196 ) 4,997 (103 ) 327 (38,975 ) Balance at November 1, 2014 $ (51,199 ) $ 4,884 $ — $ (6,461 ) $ (52,776 )
Reclassifications out of accumulated other comprehensive income (loss) to net earnings	Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings during the three and nine months ended October 31, 2015 and November 1, 2014 are as follows (in thousands): Three Months Ended Nine Months Ended Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Derivative financial instruments designated as cash flow hedges: Foreign exchange currency contracts $ (2,507 ) $ 800 $ (7,450 ) $ 1,559 Cost of product sales Foreign exchange currency contracts 40 — (776 ) 56 Other income/expense Less income tax effect 309 (87 ) 1,121 283 Income tax expense (2,158 ) 713 (7,105 ) 1,898 Marketable securities: Available-for-sale securities — — — (87 ) Other income/expense Less income tax effect — — — 33 Income tax expense — — — (54 ) Defined benefit plans: Actuarial loss amortization 116 234 1,059 703 (1) Prior service credit amortization — (58 ) (97 ) (174 ) (1) Curtailment — — (1,651 ) — (1) Less income tax effect (14 ) (67 ) 359 (202 ) Income tax expense 102 109 (330 ) 327 Total reclassifications during the period $ (2,056 ) $ 822 $ (7,435 ) $ 2,171 __________________________________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Oct. 31, 2015
Receivables [Abstract]
Schedule of accounts receivable	Accounts receivable is summarized as follows (in thousands): Oct 31, 2015 Jan 31, 2015 Trade $ 206,000 $ 229,618 Royalty 11,163 10,118 Other 9,920 8,389 227,083 248,125 Less allowance for doubtful accounts 31,258 31,920 $ 195,825 $ 216,205

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 31, 2015
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following (in thousands): Oct 31, 2015 Jan 31, 2015 Raw materials $ 2,492 $ 4,548 Work in progress 55 77 Finished goods 370,556 314,453 $ 373,103 $ 319,078

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Oct. 31, 2015
Restructuring Charges [Abstract]
Summary of restructuring activities related primarily to severance	The following table summarizes restructuring activities related primarily to severance during the fiscal year ended January 31, 2015 and nine months ended October 31, 2015 (in thousands): Total Balance at February 1, 2014 $ 4,578 Cash payments (2,952 ) Foreign currency and other adjustments (1,350 ) Balance at January 31, 2015 $ 276 Cash payments (172 ) Foreign currency and other adjustments (67 ) Balance at October 31, 2015 $ 37

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Summary of net revenue and earnings (loss) from operations by segment	Net revenue and earnings (loss) from operations are summarized as follows for the three and nine months ended October 31, 2015 and November 1, 2014 (in thousands): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Net revenue: Americas Retail(1) $ 226,599 $ 243,238 $ 673,304 $ 715,582 Europe 160,696 189,852 497,468 584,270 Asia 59,100 71,271 179,880 205,656 Americas Wholesale(1) 46,819 53,501 116,458 131,061 Licensing 27,750 31,972 78,942 84,377 Total net revenue $ 520,964 $ 589,834 $ 1,546,052 $ 1,720,946 Earnings (loss) from operations: Americas Retail(1) $ (2,053 ) $ (10,517 ) $ (4,018 ) $ (23,578 ) Europe 6,150 7,660 20,668 25,541 Asia 2,794 2,126 8,294 7,743 Americas Wholesale(1) 9,583 13,940 21,202 26,860 Licensing 24,842 28,157 70,282 75,787 Corporate Overhead (20,478 ) (16,501 ) (65,036 ) (59,607 ) Total earnings from operations $ 20,838 $ 24,865 $ 51,392 $ 52,746 __________________________________ (1) In the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment.

Borrowings and Capital Lease 30

Borrowings and Capital Lease Obligations (Tables)	9 Months Ended
	Oct. 31, 2015
Debt Disclosure [Abstract]
Summary of borrowings and capital lease obligations	Borrowings and capital lease obligations are summarized as follows (in thousands): Oct 31, 2015 Jan 31, 2015 European capital lease, maturing quarterly through May 2016 $ 4,450 $ 5,745 Other 2,189 1,968 6,639 7,713 Less current installments 4,450 1,548 Long-term debt and capital lease obligations $ 2,189 $ 6,165

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of share-based compensation expense recognized under all of the Company's stock plans	The following table summarizes the share-based compensation expense recognized under all of the Company’s stock plans during the three and nine months ended October 31, 2015 and November 1, 2014 (in thousands): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Stock options $ 575 $ 542 $ 1,495 $ 1,618 Stock awards/units 4,670 3,187 11,707 9,564 Employee Stock Purchase Plan 30 32 125 192 Total share-based compensation expense $ 5,275 $ 3,761 $ 13,327 $ 11,374
Schedule of activity for nonvested performance-based awards	The following table summarizes the activity for nonvested performance-based awards during the nine months ended October 31, 2015 : Number of Units Weighted Average Grant Date Fair Value Nonvested at January 31, 2015 413,834 $ 29.66 Granted 425,866 19.39 Vested (33,333 ) 27.86 Forfeited (159,700 ) 27.86 Nonvested at October 31, 2015 646,667 $ 23.44

Defined Benefit Plans (Tables)

Defined Benefit Plans (Tables)	9 Months Ended
	Oct. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Components of net periodic defined benefit pension cost	The components of net periodic defined benefit pension cost for the three and nine months ended October 31, 2015 and November 1, 2014 related to the SERP are as follows (in thousands): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Interest cost $ 498 $ 573 $ 1,489 $ 1,717 Net amortization of unrecognized prior service credit — (58 ) (97 ) (174 ) Net amortization of actuarial losses 11 234 729 703 Curtailment gain — — (1,651 ) — Net periodic defined benefit pension cost $ 509 $ 749 $ 470 $ 2,246

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of October 31, 2015 and January 31, 2015 (in thousands): Fair Value Measurements at Oct 31, 2015 Fair Value Measurements at Jan 31, 2015 Recurring Fair Value Measures Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Foreign exchange currency contracts $ — $ 6,280 $ — $ 6,280 $ — $ 15,542 $ — $ 15,542 Available-for-sale securities 20 — — 20 36 — — 36 Total $ 20 $ 6,280 $ — $ 6,300 $ 36 $ 15,542 $ — $ 15,578 Liabilities: Foreign exchange currency contracts $ — $ 145 $ — $ 145 $ — $ — $ — $ — Interest rate swap — 118 — 118 — 270 — 270 Deferred compensation obligations — 10,656 — 10,656 — 9,133 — 9,133 Total $ — $ 10,919 $ — $ 10,919 $ — $ 9,403 $ — $ 9,403

Derivative Financial Instrume34

Derivative Financial Instruments (Tables)	9 Months Ended
	Oct. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of fair value of derivative instruments in the condensed consolidated balance sheets	The fair value of derivative instruments in the condensed consolidated balance sheets as of October 31, 2015 and January 31, 2015 is as follows (in thousands): Derivative Balance Sheet Location Fair Value at Fair Value at ASSETS: Derivatives designated as hedging instruments: Foreign exchange currency contracts: Cash flow hedges Other current assets/ Other assets $ 4,307 $ 6,597 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other current assets 1,973 8,945 Total $ 6,280 $ 15,542 LIABILITIES: Derivatives designated as hedging instruments: Foreign exchange currency contracts: Cash flow hedges Accrued expenses $ 36 $ — Derivatives not designated as hedging instruments: Foreign exchange currency contracts Accrued expenses 109 — Interest rate swaps Accrued expenses/ Other long-term liabilities 118 270 Total derivatives not designated as hedging instruments 227 270 Total $ 263 $ 270
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings	The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings for the three and nine months ended October 31, 2015 and November 1, 2014 (in thousands): Gain Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Three Months Ended Three Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 363 $ 3,869 Cost of product sales $ 2,507 $ (800 ) Foreign exchange currency contracts $ 46 $ 487 Other income/expense $ (40 ) $ — Gain Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Nine Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 4,559 $ 3,163 Cost of product sales $ 7,450 $ (1,559 ) Foreign exchange currency contracts $ 276 $ 381 Other income/expense $ 776 $ (56 ) __________________________________ (1) The ineffective portion was immaterial during the three and nine months ended October 31, 2015 and November 1, 2014 and was recorded in net earnings and included in interest income/expense.
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss)	The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands): Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Beginning balance gain (loss) $ 5,868 $ 366 $ 7,157 $ (113 ) Net gains from changes in cash flow hedges 330 3,805 3,988 3,099 Net (gains) losses reclassified to earnings (2,158 ) 713 (7,105 ) 1,898 Ending balance gain $ 4,040 $ 4,884 $ 4,040 $ 4,884
Summary of gains before taxes recognized on the derivative instruments not designated as hedging instruments in other income	The following table summarizes the gains before taxes recognized on the derivative instruments not designated as hedging instruments in other income for the three and nine months ended October 31, 2015 and November 1, 2014 (in thousands): Location of Gain Recognized in Earnings Gain Recognized in Earnings Gain Recognized in Earnings Three Months Ended Nine Months Ended Oct 31, 2015 Nov 1, 2014 Oct 31, 2015 Nov 1, 2014 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other income/expense $ 286 $ 6,262 $ 2,445 $ 7,457 Interest rate swaps Other income/expense $ 44 $ 54 $ 140 $ 186

Basis of Presentation (Details)

Basis of Presentation (Details)	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Fiscal Year
Number of days in fiscal year		364 days	364 days
Forecast
Fiscal Year
Number of days in fiscal year	364 days

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Earnings Per Share [Abstract]
Net earnings attributable to Guess, Inc.	$ 12,444	$ 20,788	$ 34,074	$ 40,641
Less net earnings attributable to nonvested restricted stockholders	137	135	363	415
Net earnings attributable to common stockholders	$ 12,307	$ 20,653	$ 33,711	$ 40,226
Weighted average common shares used in basic computations	83,985,000	84,624,000	84,651,000	84,565,000
Effect of dilutive securities:
Stock options and restricted stock units (in shares)	388,000	208,000	196,000	224,000
Weighted average common shares used in diluted computations	84,373,000	84,832,000	84,847,000	84,789,000
Net earnings per common share attributable to common stockholders:
Basic (in dollars per share)	$ 0.15	$ 0.24	$ 0.40	$ 0.48
Diluted (in dollars per share)	$ 0.15	$ 0.24	$ 0.40	$ 0.47
Antidilutive securities excluded from computation of earnings per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares	2,357,138	1,633,245	2,530,121	1,558,532
Performance-based or market-based units
Antidilutive securities excluded from computation of earnings per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares	425,866		425,866
Performance-based units
Antidilutive securities excluded from computation of earnings per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares		259,700		259,700

Earnings Per Share (Details 2)

Earnings Per Share (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jun. 26, 2012
Share Repurchase Program
Shares repurchased, aggregate cost			$ 44,053,000
Common Stock
Share Repurchase Program
Number of common stock repurchased (in shares)	2,000,000	0	2,000,000	0
Shares repurchased, aggregate cost	$ 44,000,000	$ 0	$ 44,000,000	$ 0
Value of common stock remaining to be repurchased	$ 451,800,000		$ 451,800,000
Common Stock | Minimum
Share Repurchase Program
Number of common stock authorized to be repurchased (in shares)	0		0
Common Stock | Maximum
Share Repurchase Program
Value of common stock authorized to be repurchased					$ 500,000,000
Number of common stock authorized to be repurchased (in shares)	0		0

Stockholders' Equity and Rede38

Stockholders' Equity and Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015
Stockholders' equity reconciliation
Common stock (in shares), beginning of the period			85,323,154
Treasury stock (in shares), beginning of the period			54,235,846
Stockholders' equity, balance at the beginning of the period			$ 1,089,446	$ 1,169,986	$ 1,169,986
Net earnings	$ 13,061	$ 21,510	35,527	$ 41,595	97,184
Foreign currency translation adjustment			(19,406)		(116,707)
Gain (loss) on derivative financial instruments designated as cash flow hedges, net of income tax			(3,117)		7,270
Loss on marketable securities, net of income tax			(9)		(106)
Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax			6,696		(5,862)
Issuance of common stock under stock compensation plans, net of tax effect			(1,921)		(1,937)
Issuance of stock under Employee Stock Purchase Plan			518		1,008
Share-based compensation			13,327		15,342
Dividends			(58,036)		(76,982)
Share repurchases			(44,053)
Noncontrolling interest capital distribution			(4,075)		(355)
Redeemable noncontrolling interest redemption value adjustment			$ (650)		$ 605
Common stock (in shares), end of the period	83,773,648		83,773,648		85,323,154
Treasury stock (in shares), end of the period	56,203,592		56,203,592		54,235,846
Stockholders' equity, balance at the end of the period	$ 1,014,247		$ 1,014,247		$ 1,089,446
Comprehensive income (loss), income tax effect
Gain (loss) on derivative financial instruments designated as cash flow hedges, tax effect			274		(721)
Loss on marketable securities, tax effect			7		61
Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, tax effect			$ (3,993)		$ 2,335
Common Stock
Stockholders' equity reconciliation
Common stock (in shares), beginning of the period			85,323,154	84,962,345	84,962,345
Issuance of common stock under stock compensation plans (in shares)			418,240		313,271
Issuance of stock under Employee Stock Purchase Plan (in shares)			32,254		47,538
Share repurchases (in shares)			(2,000,000)
Common stock (in shares), end of the period	83,773,648		83,773,648		85,323,154
Treasury Stock
Stockholders' equity reconciliation
Treasury stock (in shares), beginning of the period			54,235,846	54,283,384	54,283,384
Issuance of stock under Employee Stock Purchase Plan (in shares)			(32,254)		(47,538)
Share repurchases (in shares)			2,000,000
Treasury stock (in shares), end of the period	56,203,592		56,203,592		54,235,846
Guess, Inc. Stockholders’ Equity
Stockholders' equity reconciliation
Stockholders' equity, balance at the beginning of the period			$ 1,073,856	$ 1,154,514	$ 1,154,514
Net earnings			34,074		94,570
Foreign currency translation adjustment			(18,744)		(114,566)
Gain (loss) on derivative financial instruments designated as cash flow hedges, net of income tax			(3,117)		7,270
Loss on marketable securities, net of income tax			(9)		(106)
Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax			6,696		(5,862)
Issuance of common stock under stock compensation plans, net of tax effect			(1,921)		(1,937)
Issuance of stock under Employee Stock Purchase Plan			518		1,008
Share-based compensation			13,327		15,342
Dividends			(58,036)		(76,982)
Share repurchases			(44,053)
Noncontrolling interest capital distribution			0		0
Redeemable noncontrolling interest redemption value adjustment			(650)		605
Stockholders' equity, balance at the end of the period	$ 1,001,941		1,001,941		1,073,856
Nonredeemable Noncontrolling Interests
Stockholders' equity reconciliation
Stockholders' equity, balance at the beginning of the period			15,590	$ 15,472	15,472
Net earnings			1,453		2,614
Foreign currency translation adjustment			(662)		(2,141)
Gain (loss) on derivative financial instruments designated as cash flow hedges, net of income tax			0		0
Loss on marketable securities, net of income tax			0		0
Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax			0		0
Issuance of common stock under stock compensation plans, net of tax effect			0		0
Issuance of stock under Employee Stock Purchase Plan			0		0
Share-based compensation			0		0
Dividends			0		0
Share repurchases			0
Noncontrolling interest capital distribution			(4,075)		(355)
Redeemable noncontrolling interest redemption value adjustment			0		0
Stockholders' equity, balance at the end of the period	$ 12,306		$ 12,306		$ 15,590

Stockholders' Equity and Rede39

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 2) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2015	Jan. 31, 2015	Oct. 31, 2015
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, value at the beginning of the period	$ 4,437	$ 5,830
Foreign currency translation adjustment	(389)	(788)
Redeemable noncontrolling interest redemption value adjustment	650	(605)
Redeemable noncontrolling interest, value at the end of the period	4,698	4,437
Redeemable noncontrolling interests put arrangements
Redeemable noncontrolling interests	4,437	5,830	$ 4,698
Guess Sud
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, value at the beginning of the period	3,400
Redeemable noncontrolling interest, value at the end of the period	$ 4,000	3,400
Redeemable noncontrolling interests put arrangements
Total outstanding equity interest in subsidiary covered by put arrangement (as a percent)			40.00%
Initial date put option can be exercised by noncontrolling interest holders	Jan. 30, 2012
Redeemable noncontrolling interests	$ 3,400	3,400	$ 4,000
Guess Brazil
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, value at the beginning of the period	1,000
Redeemable noncontrolling interest, value at the end of the period	$ 700	1,000
Redeemable noncontrolling interests put arrangements
Total outstanding equity interest in subsidiary covered by put arrangement (as a percent)			40.00%
Initial period put option can be exercised by noncontrolling interest holder after commencement of agreement, subject to certain time restrictions (by year)	6 years
Period put arrangement can be exercised by noncontrolling interest holder after initial and subsequent exercise periods, subject to certain time restrictions (by year)	3 years
Redeemable noncontrolling interests	$ 1,000	$ 1,000	$ 700

Stockholders' Equity and Rede40

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Accumulated other comprehensive income (loss), net of tax
Beginning balance	$ (142,804)	$ (10,774)	$ (127,065)	$ (13,801)
Gains (losses) arising during the period	2,621	(42,824)	(7,739)	(41,146)
Reclassification to net earnings for (gains) losses realized	(2,056)	822	(7,435)	2,171
Net other comprehensive income (loss)	565	(42,002)	(15,174)	(38,975)
Ending balance	(142,239)	(52,776)	(142,239)	(52,776)
Foreign Currency Translation Adjustment
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(142,605)	(4,578)	(121,569)	(7,003)
Gains (losses) arising during the period	2,292	(46,621)	(18,744)	(44,196)
Reclassification to net earnings for (gains) losses realized	0	0	0	0
Net other comprehensive income (loss)	2,292	(46,621)	(18,744)	(44,196)
Ending balance	(140,313)	(51,199)	(140,313)	(51,199)
Derivative Financial Instruments Designated as Cash Flow Hedges
Accumulated other comprehensive income (loss), net of tax
Beginning balance	5,868	366	7,157	(113)
Gains (losses) arising during the period	330	3,805	3,988	3,099
Reclassification to net earnings for (gains) losses realized	(2,158)	713	(7,105)	1,898
Net other comprehensive income (loss)	(1,828)	4,518	(3,117)	4,997
Ending balance	4,040	4,884	4,040	4,884
Marketable Securities
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(11)	8	(3)	103
Gains (losses) arising during the period	(1)	(8)	(9)	(49)
Reclassification to net earnings for (gains) losses realized	0	0	0	(54)
Net other comprehensive income (loss)	(1)	(8)	(9)	(103)
Ending balance	(12)	0	(12)	0
Defined Benefit Plans
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(6,056)	(6,570)	(12,650)	(6,788)
Gains (losses) arising during the period	0	0	7,026	0
Reclassification to net earnings for (gains) losses realized	102	109	(330)	327
Net other comprehensive income (loss)	102	109	6,696	327
Ending balance	$ (5,954)	$ (6,461)	$ (5,954)	$ (6,461)

Stockholders' Equity and Rede41

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 4) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Cost of product sales		$ 337,300	$ 375,876	$ 998,786	$ 1,113,980
Other income/expense		(247)	(7,484)	(6,581)	(11,131)
Actuarial loss amortization		116	234	1,059	703
Prior service credit amortization		0	(58)	(97)	(174)
Curtailment		0	0	(1,651)	0
Income tax expense		8,005	10,594	21,774	21,465
Net earnings attributable to Guess, Inc.		(12,444)	(20,788)	(34,074)	(40,641)
Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Net earnings attributable to Guess, Inc.		(2,056)	822	(7,435)	2,171
Derivative Financial Instruments Designated as Cash Flow Hedges | Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Cost of product sales		(2,507)	800	(7,450)	1,559
Other income/expense		40	0	(776)	56
Income tax expense		309	(87)	1,121	283
Net earnings attributable to Guess, Inc.		(2,158)	713	(7,105)	1,898
Marketable Securities | Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Other income/expense		0	0	0	(87)
Income tax expense		0	0	0	33
Net earnings attributable to Guess, Inc.		0	0	0	(54)
Defined Benefit Plans | Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Actuarial loss amortization	[1]	116	234	1,059	703
Prior service credit amortization	[1]	0	(58)	(97)	(174)
Curtailment	[1]	0	0	(1,651)	0
Income tax expense		(14)	(67)	359	(202)
Net earnings attributable to Guess, Inc.		$ 102	$ 109	$ (330)	$ 327
[1]	These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information.

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Accounts receivable
Accounts receivable, gross	$ 227,083	$ 248,125
Less allowance for doubtful accounts	31,258	31,920
Accounts receivable, net	195,825	216,205
Trade receivables
Accounts receivable
Accounts receivable, gross	206,000	229,618
Royalty receivables
Accounts receivable
Accounts receivable, gross	11,163	10,118
Other receivables
Accounts receivable
Accounts receivable, gross	$ 9,920	$ 8,389

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 2,492	$ 4,548
Work in progress	55	77
Finished goods	370,556	314,453
Inventories	373,103	319,078
Allowance to write down inventories to the lower of cost or market	$ 19,500	$ 19,700

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Restructuring activity
Restructuring charges	$ 0	$ 0	$ 0	$ 0
Severance, impairment and lease termination costs
Restructuring activity
Restructuring charges						$ 12,400,000
Severance
Restructuring reserve activity
Beginning balance			276,000	$ 4,578,000	$ 4,578,000
Cash payments			(172,000)		(2,952,000)
Foreign currency and other adjustments			(67,000)		(1,350,000)
Ending balance	$ 37,000		$ 37,000		276,000	$ 4,578,000
Accrued expenses
Restructuring activity
Restructuring reserve included in accrued expenses					$ 276,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)	38.00%	34.00%
Aggregate accruals for uncertain tax positions, including penalties and interest	$ 13.9		$ 14.4

Segment Information (Details)

Segment Information (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2015USD ($)	Nov. 01, 2014USD ($)	Oct. 31, 2015USD ($)segment	Nov. 01, 2014USD ($)
Segment information of net revenue and earnings (loss) from operations
Number of reportable segments | segment				5
Net revenue		$ 520,964	$ 589,834	$ 1,546,052	$ 1,720,946
Licensing		27,750	31,972	78,942	84,377
Earnings (loss) from operations		20,838	24,865	51,392	52,746
Corporate Overhead
Segment information of net revenue and earnings (loss) from operations
Earnings (loss) from operations		(20,478)	(16,501)	(65,036)	(59,607)
Americas Retail
Segment information of net revenue and earnings (loss) from operations
Net revenue	[1]	226,599	243,238	673,304	715,582
Earnings (loss) from operations	[1]	(2,053)	(10,517)	(4,018)	(23,578)
Europe
Segment information of net revenue and earnings (loss) from operations
Net revenue		160,696	189,852	497,468	584,270
Earnings (loss) from operations		6,150	7,660	20,668	25,541
Asia
Segment information of net revenue and earnings (loss) from operations
Net revenue		59,100	71,271	179,880	205,656
Earnings (loss) from operations		2,794	2,126	8,294	7,743
Americas Wholesale
Segment information of net revenue and earnings (loss) from operations
Net revenue	[1]	46,819	53,501	116,458	131,061
Earnings (loss) from operations	[1]	9,583	13,940	21,202	26,860
Licensing
Segment information of net revenue and earnings (loss) from operations
Licensing		27,750	31,972	78,942	84,377
Earnings (loss) from operations		$ 24,842	$ 28,157	$ 70,282	$ 75,787
[1]	In the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment.

Borrowings and Capital Lease 47

Borrowings and Capital Lease Obligations (Details)	Jun. 23, 2015USD ($)	Oct. 31, 2015USD ($)facility	Jan. 31, 2015USD ($)
Borrowings and capital lease obligations
European capital lease, maturing quarterly through May 2016		$ 4,450,000	$ 5,745,000
Other debt		2,189,000	1,968,000
Capital lease obligations and borrowings, total		6,639,000	7,713,000
Less current installments		4,450,000	1,548,000
Long-term debt and capital lease obligations		2,189,000	$ 6,165,000
Europe | Foreign line of credit
Credit Facilities
Current borrowing capacity		68,000,000
Credit Facility, outstanding amount		$ 0
Interest rate, low end of the range (as a percent)		0.90%
Interest rate, high end of the range (as a percent)		6.70%
Number of credit facilities subject to minimum net equity requirement | facility		1
Maximum borrowing capacity of the credit facility which is subject to a minimum net equity requirement		$ 38,500,000
Europe | Documentary letters of credit | Foreign line of credit
Credit Facilities
Letters of credit outstanding		1,900,000
European capital lease, maturing quarterly through May 2016 | Italy
Borrowings and capital lease obligations
European capital lease, maturing quarterly through May 2016		$ 4,450,000
Capital Lease
Lease expiration date		May 1, 2016
European capital lease, maturing quarterly through May 2016 | Italy | Interest rate swaps
Capital Lease
Fair value of the interest rate swap liability		$ 100,000
European capital lease, maturing quarterly through May 2016 | Italy | Interest rate swaps | Derivatives not designated as hedging instruments:
Capital Lease
Fixed rate of interest rate swap designated as a non-hedging instrument (as a percent)		3.55%
Interest rate swap maturity date		Feb. 1, 2016
Credit Facility
Credit Facilities
Credit Facility, outstanding amount		$ 0
Priority level for Credit Facility		secured by a first priority lien on substantially all of the assets of the Company and such domestic and Canadian subsidiaries
Credit Facility | Revolving Credit Facility
Credit Facilities
Debt maturity period (in years)	5 years
Maximum borrowing capacity	$ 150,000,000	$ 150,000,000
Current borrowing capacity		150,000,000
Credit Facility | Accordion feature
Credit Facilities
Maximum borrowing capacity	150,000,000	$ 150,000,000
Credit Facility | Prior credit facility
Credit Facilities
Maximum borrowing capacity	$ 300,000,000
Debt maturity date	Jul. 31, 2016
Credit Facility, outstanding amount	$ 0
Accrued interest	0
Credit Facility | U.S. line of credit | Base rate | Minimum
Credit Facilities
Interest rate margin (as a percent)		0.25%
Credit Facility | U.S. line of credit | Base rate | Maximum
Credit Facilities
Interest rate margin (as a percent)		0.75%
Credit Facility | U.S. line of credit | LIBOR
Credit Facilities
Interest rate margin (as a percent)		1.00%
Credit Facility | U.S. line of credit | LIBOR | Minimum
Credit Facilities
Interest rate margin (as a percent)		1.25%
Credit Facility | U.S. line of credit | LIBOR | Maximum
Credit Facilities
Interest rate margin (as a percent)		1.75%
Credit Facility | U.S. line of credit | Federal funds rate
Credit Facilities
Interest rate margin (as a percent)		0.50%
Credit Facility | Standby letters of credit
Credit Facilities
Letters of credit outstanding		$ 1,700,000
Credit Facility | Documentary letters of credit
Credit Facilities
Letters of credit outstanding		0
Credit Facility | Canada | Foreign line of credit
Credit Facilities
Maximum borrowing capacity	$ 50,000,000	$ 50,000,000
Credit Facility | Canada | Foreign line of credit | Prime rate | Minimum
Credit Facilities
Interest rate margin (as a percent)		0.25%
Credit Facility | Canada | Foreign line of credit | Prime rate | Maximum
Credit Facilities
Interest rate margin (as a percent)		0.75%
Credit Facility | Canada | Foreign line of credit | Canadian BA rate
Credit Facilities
Interest rate margin (as a percent)		1.00%
Credit Facility | Canada | Foreign line of credit | Canadian BA rate | Minimum
Credit Facilities
Interest rate margin (as a percent)		1.25%
Credit Facility | Canada | Foreign line of credit | Canadian BA rate | Maximum
Credit Facilities
Interest rate margin (as a percent)		1.75%
Credit Facility | Canada | Foreign line of credit | Bank of Canada overnight rate
Credit Facilities
Interest rate margin (as a percent)		0.50%

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 07, 2015	May. 01, 2015	Apr. 02, 2015	Apr. 02, 2014	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 5,275	$ 3,761	$ 13,327	$ 11,374
Share-Based Compensation, Additional Disclosures
Unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested stock options					4,900		$ 4,900
Weighted average fair values of stock options granted during the period (in dollars per share)							$ 3.74	$ 6.23
Granted (in shares)			577,700	365,600
CEO
Share-Based Compensation, Additional Disclosures
Granted (in shares)	600,000
Employee Stock Purchase Plan
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					30	32	$ 125	$ 192
Stock option
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 575	542	$ 1,495	1,618
Share-Based Compensation, Additional Disclosures
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)					1 year 8 months 12 days		1 year 8 months 12 days
Nonvested stock awards/units
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 4,670	$ 3,187	$ 11,707	$ 9,564
Share-Based Compensation, Additional Disclosures
Unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested stock awards/units					$ 25,200		$ 25,200
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)					1 year 8 months 12 days		1 year 8 months 12 days
Number of Units
Granted (in shares)			401,700	301,200
Nonvested stock awards/units | CEO
Number of Units
Granted (in shares)	250,000
Restricted stock units | CEO
Number of Units
Granted (in shares)	150,000
Performance-based awards/units
Number of Units
Nonvested at the beginning of the period (in shares)							413,834
Granted (in shares)							425,866
Vested (in shares)							(33,333)
Forfeited (in shares)							(159,700)
Nonvested at the end of the period (in shares)					646,667		646,667
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)							$ 29.66
Granted (in dollars per share)							19.39
Vested (in dollars per share)							27.86
Forfeited (in dollars per share)							27.86
Nonvested at the end of the period (in dollars per share)					$ 23.44		$ 23.44
Performance Shares | CEO
Share-Based Compensation, Additional Disclosures
Period which award is subject to a performance condition (in years/months)	6 months
Performance Shares | CEO | Vesting, Tranche One
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)	25.00%
Performance Shares | CEO | Vesting, Tranche Two
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)	25.00%
Performance Shares | CEO | Vesting, Tranche Three
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)	25.00%
Performance Shares | CEO | Vesting, Tranche Four
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)	25.00%
Performance Shares | Executive Chairman of the Board and Chief Creative Officer
Share-Based Compensation, Additional Disclosures
Period which award is subject to a performance condition (in years/months)							1 year
Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche One
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							1 year
Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche Two
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							1 year
Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche Three
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							1 year
Target Performance Shares | Executive Chairman of the Board and Chief Creative Officer
Share-Based Compensation, Additional Disclosures
Period which award is subject to a performance condition (in years/months)							1 year
Target Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Minimum
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)							0.00%
Target Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Maximum
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)							150.00%
Target Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche One
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							3 years
Market-based awards/units | Executive Chairman of the Board and Chief Creative Officer
Share-Based Compensation, Additional Disclosures
Period which award is subject to a market condition (in years)		3 years
Number of Units
Granted (in shares)		183,368
Market-based awards/units | Executive Chairman of the Board and Chief Creative Officer | Minimum
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)		0.00%
Market-based awards/units | Executive Chairman of the Board and Chief Creative Officer | Maximum
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)		150.00%
Market-based awards/units | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche One
Share-Based Compensation, Additional Disclosures
Vesting year		2,019

Related Party Transactions (Det

Related Party Transactions (Details)	Jan. 28, 2012USD ($)	Oct. 31, 2015USD ($)ft²lease	Nov. 01, 2014USD ($)	Aug. 31, 2015ft²
Marciano Trusts
Related Party Transactions
Number of leases under related party lease agreements | lease		3
Expenses under related party arrangement		$ 4,000,000	$ 4,600,000
Marciano Trusts | Corporate headquarters in Los Angeles, California
Related Party Transactions
Reduction in the area of corporate headquarters (in square feet) | ft²				13,070
Area of corporate headquarters (in square feet) | ft²		341,739		341,739
Marciano Trusts | Minimum
Related Party Transactions
Lease expiration date (by year)		2,015
Marciano Trusts | Maximum
Related Party Transactions
Lease expiration date (by year)		2,020
MPM Financial LLC
Related Party Transactions
Payments under related party agreement		$ 300,000	1,200,000
Marciano Consulting Agreement
Related Party Transactions
Expenses under related party arrangement	$ 500,000	0	400,000
Service term	30 years
Consulting agreement term (in years)	2 years
Consulting agreement, number of years during the extension period	1 year
Expiration date of consulting agreement	Jan. 28, 2015
Harmony Collection LLC
Related Party Transactions
Payments under related party agreement		$ 0	$ 1,000,000

Commitments and Contingencies (

Commitments and Contingencies (Details)	9 Months Ended
	Oct. 31, 2015
Property leases | Maximum
Leases
Lease expiration date	Sep. 30, 2031
Retail store leases | Minimum
Leases
Percentage of annual sales volume used for incremental rent on certain retail store leases	2.00%
Retail store leases | Maximum
Leases
Percentage of annual sales volume used for incremental rent on certain retail store leases	12.00%
Equipment operating leases | Maximum
Leases
Lease expiration date	Jul. 30, 2020

Commitments and Contingencies51

Commitments and Contingencies (Details 2) $ in Thousands, € in Millions	May. 05, 2015USD ($)	May. 05, 2015EUR (€)	Nov. 08, 2013USD ($)	Jul. 19, 2012USD ($)	Jul. 31, 2015USD ($)Plaintiff	Oct. 31, 2015USD ($)subsidiary	Oct. 31, 2015EUR (€)subsidiary	Jan. 30, 2015trademark	May. 02, 2013trademark
Italy | Italian Customs Agency | Europe
Loss contingency
Number of subsidiaries under audit by the Italian Customs Agency | subsidiary						1	1
Customs tax assessments including potential penalties and interest						$ 10,800	€ 9.8
Canceled customs tax assessments	$ 1,800	€ 1.7
Italy | Italian Customs Agency | Minimum | Europe
Loss contingency
Period under audit by the Italian Customs Agency						Jul. 1, 2010	Jul. 1, 2010
Period covering canceled assessments	Jul. 1, 2010	Jul. 1, 2010
Italy | Italian Customs Agency | Maximum | Europe
Loss contingency
Period under audit by the Italian Customs Agency						Dec. 31, 2012	Dec. 31, 2012
Period covering canceled assessments	Sep. 30, 2010	Sep. 30, 2010
Judicial ruling | U.S. | Gucci America, Inc.
Loss contingency
Damages sought in litigation case				$ 26,000
Accounting profits sought by plaintiff as compensation				99,000
Monetary damages awarded by court				2,300
Monetary damages awarded by court to be paid by the Company's licensees				$ 2,300
Pending litigation | U.S. | Isaguirre
Loss contingency
Number of plaintiffs | Plaintiff					2
Settlement amount					$ 5,250
Pending litigation | Italy | Gucci America, Inc.
Loss contingency
Number of Italian trademark registrations to be cancelled by plaintiff | trademark									3
Number of European Community trademark registrations to be cancelled by plaintiff | trademark									4
Pending litigation | China | Gucci America, Inc.
Loss contingency
Monetary damages awarded by court			$ 80
Pending litigation | France | Gucci America, Inc.
Loss contingency
Number of European Community trademark registrations to be cancelled by plaintiff | trademark								2
Number of international trademark registrations to be cancelled by plaintiff | trademark								1

Defined Benefit Plans (Details)

Defined Benefit Plans (Details) $ in Thousands, SFr in Millions	3 Months Ended					9 Months Ended
	Oct. 31, 2015USD ($)participant	Oct. 31, 2015CHF (SFr)	Aug. 01, 2015USD ($)	May. 02, 2015USD ($)	Nov. 01, 2014USD ($)	Oct. 31, 2015USD ($)participant	Oct. 31, 2015CHF (SFr)	Nov. 01, 2014USD ($)	Oct. 31, 2015CHF (SFr)participant	Jan. 31, 2015USD ($)	Jan. 31, 2015CHF (SFr)
Components of net periodic defined benefit pension cost
Actuarial gain	$ 0				$ 0	$ 11,378		$ 0
SERP
Components of net periodic defined benefit pension cost
Interest cost	498				573	1,489		1,717
Net amortization of unrecognized prior service credit	0				(58)	(97)		(174)
Net amortization of actuarial losses	11				234	729		703
Curtailment gain	0		$ (1,651)		0	(1,651)		0
Net periodic defined benefit pension cost	$ 509				749	$ 470		2,246
Number of employees considered actively participating under the terms of the SERP | participant	0					0			0
Actuarial gain			$ 11,378			$ 11,378
SERP benefit payments	$ 400				600	1,300		800
Swiss Pension Plan
Components of net periodic defined benefit pension cost
Net periodic defined benefit pension cost	400	SFr 0.4				1,300	SFr 1.3
Projected benefit obligation	15,000					15,000			SFr 14.8	$ 15,100	SFr 13.9
Plan assets held at the independent fiduciary	12,600					12,600			12.4	12,500	11.5
Other income/expense | SERP
Components of net periodic defined benefit pension cost
Gain (loss) as a result of changes in value of the insurance policy investments, included in other income and expense	(800)				$ 800	800		$ 3,000
Realized gain resulting from payout on insurance policy investments				$ 700		700
Other assets | SERP
Components of net periodic defined benefit pension cost
Cash surrender values of the insurance policies held in a rabbi trust	55,100					55,100				53,600
Accrued expenses and other long-term liabilities | SERP
Components of net periodic defined benefit pension cost
Projected benefit obligation	50,700					50,700				61,900
Other long-term liabilities | Swiss Pension Plan
Components of net periodic defined benefit pension cost
Net liability	$ 2,400					$ 2,400			SFr 2.4	$ 2,600	SFr 2.4

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	9 Months Ended	12 Months Ended
	Oct. 31, 2015	Jan. 31, 2015
Transfers of financial instruments between the three levels of fair value hierarchy
Value of transfers between levels	$ 0	$ 0
Assets and liabilities measured at fair value on a recurring basis
Assets:
Foreign exchange currency contracts, Assets	6,280,000	15,542,000
Available-for-sale securities	20,000	36,000
Total Assets	6,300,000	15,578,000
Liabilities:
Foreign exchange currency contracts, Liabilities	145,000	0
Interest rate swap	118,000	270,000
Deferred compensation obligations	10,656,000	9,133,000
Total Liabilities	10,919,000	9,403,000
Assets and liabilities measured at fair value on a recurring basis | Level 1
Assets:
Foreign exchange currency contracts, Assets	0	0
Available-for-sale securities	20,000	36,000
Total Assets	20,000	36,000
Liabilities:
Foreign exchange currency contracts, Liabilities	0	0
Interest rate swap	0	0
Deferred compensation obligations	0	0
Total Liabilities	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 2
Assets:
Foreign exchange currency contracts, Assets	6,280,000	15,542,000
Available-for-sale securities	0	0
Total Assets	6,280,000	15,542,000
Liabilities:
Foreign exchange currency contracts, Liabilities	145,000	0
Interest rate swap	118,000	270,000
Deferred compensation obligations	10,656,000	9,133,000
Total Liabilities	10,919,000	9,403,000
Assets and liabilities measured at fair value on a recurring basis | Level 3
Assets:
Foreign exchange currency contracts, Assets	0	0
Available-for-sale securities	0	0
Total Assets	0	0
Liabilities:
Foreign exchange currency contracts, Liabilities	0	0
Interest rate swap	0	0
Deferred compensation obligations	0	0
Total Liabilities	$ 0	$ 0

Fair Value Measurements (Deta54

Fair Value Measurements (Details 2) - Marketable equity securities - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	May. 03, 2014	Nov. 01, 2014
Available-for-sale securities
Proceeds from sale of available-for-sale securities	$ 0.6	$ 0.6
Other income/expense
Available-for-sale securities
Gains recognized on sale of available-for-sale securities	$ 0.1	$ 0.1

Fair Value Measurements (Deta55

Fair Value Measurements (Details 3) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Asset impairment charge
Period of time new retail locations in penetrated markets would need to be opened to be considered for impairment			1 year
Period of time new retail locations in new markets would need to be opened to be considered for impairment			2 years
Selling, general and administrative expenses | North America and Europe | Retail locations
Asset impairment charge
Impairment charges	$ 0.2	$ 9.8	$ 2	$ 14.6

Derivative Financial Instrume56

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
ASSETS:
Derivatives, assets	$ 6,280	$ 15,542
LIABILITIES:
Derivatives, liabilities	263	270
Derivatives designated as hedging instruments: | Foreign exchange currency contracts | Other current assets/Other assets | Cash flow hedges
ASSETS:
Derivatives, assets	4,307	6,597
Derivatives designated as hedging instruments: | Foreign exchange currency contracts | Accrued expenses | Cash flow hedges
LIABILITIES:
Derivatives, liabilities	36	0
Derivatives not designated as hedging instruments:
LIABILITIES:
Derivatives, liabilities	227	270
Derivatives not designated as hedging instruments: | Foreign exchange currency contracts | Other current assets
ASSETS:
Derivatives, assets	1,973	8,945
Derivatives not designated as hedging instruments: | Foreign exchange currency contracts | Accrued expenses
LIABILITIES:
Derivatives, liabilities	109	0
Derivatives not designated as hedging instruments: | Interest rate swaps | Accrued expenses/Other long-term liabilities
LIABILITIES:
Derivatives, liabilities	$ 118	$ 270

Derivative Financial Instrume57

Derivative Financial Instruments (Details 2) - Cash flow hedges - USD ($) $ in Millions	9 Months Ended
	Oct. 31, 2015	Jan. 31, 2015
Europe
Forward contracts designated as hedging instruments
U.S. dollar forward contracts purchased, total notional amount	$ 110.6
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	18 months
Canada
Forward contracts designated as hedging instruments
U.S. dollar forward contracts purchased, total notional amount	$ 70.6
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	18 months
Foreign exchange currency contracts | Europe
Forward contracts designated as hedging instruments
U.S. dollar forward contracts outstanding	$ 107.4	$ 50.8
Foreign exchange currency contracts | Canada
Forward contracts designated as hedging instruments
U.S. dollar forward contracts outstanding	$ 55.6	$ 24.5

Derivative Financial Instrume58

Derivative Financial Instruments (Details 3) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
Beginning balance gain (loss)		$ 5,868	$ 366	$ 7,157	$ (113)
Net gains from changes in cash flow hedges		330	3,805	3,988	3,099
Net (gains) losses reclassified to earnings		(2,158)	713	(7,105)	1,898
Ending balance gain		4,040	4,884	4,040	4,884
Foreign exchange currency cash flow hedge unrealized gain to be recognized in cost of product sales or other income over the following 12 months		3,200		3,200
Cash flow hedges | Cost of product sales
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain recognized in OCI		363	3,869	4,559	3,163
Gain (loss) reclassified from accumulated OCI into earnings	[1]	2,507	(800)	7,450	(1,559)
Cash flow hedges | Other income/expense
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain recognized in OCI		46	487	276	381
Gain (loss) reclassified from accumulated OCI into earnings	[1]	$ (40)	$ 0	$ 776	$ (56)
[1]	The ineffective portion was immaterial during the three and nine months ended October 31, 2015 and November 1, 2014 and was recorded in net earnings and included in interest income/expense.

Derivative Financial Instrume59

Derivative Financial Instruments (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015
Other income/expense
Derivative instruments not designated as hedging instruments
Gain on foreign exchange currency contracts recognized in earnings before taxes	$ 286	$ 6,262	$ 2,445	$ 7,457
Gain on interest rate swaps recognized in earnings before taxes	44	$ 54	$ 140	$ 186
Derivatives not designated as hedging instruments: | Euro
Derivative instruments not designated as hedging instruments
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)			11 months
Derivatives not designated as hedging instruments: | Canadian dollar
Derivative instruments not designated as hedging instruments
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)			10 months
Foreign exchange currency contracts | Derivatives not designated as hedging instruments: | Euro
Derivative instruments not designated as hedging instruments
U.S. dollar forward contracts outstanding	67,500		$ 67,500		$ 59,300
Foreign exchange currency contracts | Derivatives not designated as hedging instruments: | Canadian dollar
Derivative instruments not designated as hedging instruments
U.S. dollar forward contracts outstanding	$ 19,900		$ 19,900		$ 19,900

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	Nov. 24, 2015	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Nov. 09, 2015
Subsequent Events
Cash dividend announced on common stock (in dollars per share)		$ 0.225	$ 0.225	$ 0.675	$ 0.675
Subsequent Events
Subsequent Events
Cash dividend announced on common stock (in dollars per share)	$ 0.225
Payment date of cash dividend	Dec. 24, 2015
Record date of cash dividend	Dec. 9, 2015
Subsequent Events | U.S. distribution center
Subsequent Events
Purchase price of the Company's U.S. distribution center						$ 29