Guess' (GES) 10-Q 1 Sep 16 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 30, 2016	Aug. 29, 2016
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	Jul. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--01-28
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		84,376,162
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 30, 2016	Jan. 30, 2016
Current assets:
Cash and cash equivalents	$ 415,499	$ 445,480
Accounts receivable, net	201,260	222,359
Inventories	379,748	311,704
Other current assets	55,831	56,709
Total current assets	1,052,338	1,036,252
Property and equipment, net	271,512	255,344
Goodwill	34,162	33,412
Other intangible assets, net	7,196	7,269
Deferred tax assets	89,256	83,613
Other assets	120,552	122,858
Total assets	1,575,016	1,538,748
Current liabilities:
Current portion of borrowings and capital lease obligations	555	4,024
Accounts payable	201,992	177,505
Accrued expenses	135,929	145,530
Total current liabilities	338,476	327,059
Long-term debt	23,639	2,318
Deferred rent and lease incentives	78,870	76,968
Other long-term liabilities	102,289	95,858
Total liabilities	543,274	502,203
Redeemable noncontrolling interests	3,941	5,252
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 140,556,666 and 140,028,937 shares, outstanding 84,386,548 and 83,833,937 shares, as of July 30, 2016 and January 30, 2016, respectively	844	838
Paid-in capital	475,476	468,574
Retained earnings	1,237,935	1,269,775
Accumulated other comprehensive loss	(137,214)	(158,054)
Treasury stock, 56,170,118 and 56,195,000 shares as of July 30, 2016 and January 30, 2016, respectively	(562,409)	(562,658)
Guess, Inc. stockholders’ equity	1,014,632	1,018,475
Nonredeemable noncontrolling interests	13,169	12,818
Total stockholders’ equity	1,027,801	1,031,293
Total liabilities and stockholders' equity	$ 1,575,016	$ 1,538,748

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 30, 2016	Jan. 30, 2016
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	140,556,666	140,028,937
Common stock, shares outstanding	84,386,548	83,833,937
Treasury stock, shares	56,170,118	56,195,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Income Statement [Abstract]
Product sales	$ 523,008	$ 520,937	$ 949,476	$ 973,896
Net royalties	21,951	25,327	44,298	51,192
Net revenue	544,959	546,264	993,774	1,025,088
Cost of product sales	359,327	348,147	665,383	661,486
Gross profit	185,632	198,117	328,391	363,602
Selling, general and administrative expenses	170,055	171,916	335,709	333,048
Restructuring charges	0	0	6,083	0
Earnings (loss) from operations	15,577	26,201	(13,401)	30,554
Other income (expense):
Interest expense	(458)	(729)	(978)	(1,164)
Interest income	251	239	902	511
Other income, net	27,390	3,708	26,292	6,334
Total other income	27,183	3,218	26,216	5,681
Earnings before income tax expense	42,760	29,419	12,815	36,235
Income tax expense	10,593	10,940	5,802	13,769
Net earnings	32,167	18,479	7,013	22,466
Net earnings (loss) attributable to noncontrolling interests	(102)	190	(78)	836
Net earnings attributable to Guess, Inc.	$ 32,269	$ 18,289	$ 7,091	$ 21,630
Net earnings per common share attributable to common stockholders (Note 2):
Basic (in dollars per share)	$ 0.38	$ 0.21	$ 0.08	$ 0.25
Diluted (in dollars per share)	$ 0.38	$ 0.21	$ 0.08	$ 0.25
Weighted average common shares outstanding attributable to common stockholders (Note 2):
Basic (in shares)	83,621	85,004	83,567	84,985
Diluted (in shares)	83,863	85,290	83,809	85,132
Dividends declared per common share (in dollars per share)	$ 0.225	$ 0.225	$ 0.45	$ 0.45

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Statement of Comprehensive Income [Abstract]
Net earnings	$ 32,167	$ 18,479	$ 7,013	$ 22,466
Foreign currency translation adjustment
Gains (losses) arising during the period	(15,722)	(20,933)	27,430	(21,636)
Derivative financial instruments designated as cash flow hedges
Gains (losses) arising during the period	5,420	5,721	(6,823)	4,426
Less income tax effect	(803)	(1,137)	1,560	(768)
Reclassification to net earnings for gains realized	(1,131)	(3,523)	(2,547)	(5,759)
Less income tax effect	250	511	521	812
Marketable securities
Losses arising during the period	(5)	(7)	(4)	(14)
Less income tax effect	3	3	3	6
Defined benefit plans
Actuarial gain	0	11,378	0	11,378
Foreign currency and other adjustments	28	0	(136)	0
Less income tax effect	(2)	(4,352)	13	(4,352)
Actuarial loss amortization	85	430	171	943
Prior service credit amortization	(7)	(39)	(14)	(97)
Curtailment	0	(1,651)	0	(1,651)
Less income tax effect	(19)	522	(38)	373
Total comprehensive income	20,264	5,402	27,149	6,127
Less comprehensive income (loss) attributable to noncontrolling interests:
Net earnings (loss)	(102)	190	(78)	836
Foreign currency translation adjustment	(1,225)	(236)	(704)	(600)
Amounts attributable to noncontrolling interests	(1,327)	(46)	(782)	236
Comprehensive income attributable to Guess, Inc.	$ 21,591	$ 5,448	$ 27,931	$ 5,891

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015
Cash flows from operating activities:
Net earnings	$ 7,013	$ 22,466
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization of property and equipment	33,105	35,363
Amortization of intangible assets	944	1,080
Share-based compensation expense	9,049	8,052
Unrealized forward contract (gains) losses	1,181	(1,979)
Net gains on disposition of long-term assets and property and equipment	(21,374)	(171)
Other items, net	(1,082)	167
Changes in operating assets and liabilities:
Accounts receivable	18,873	12,943
Inventories	(61,357)	(21,791)
Prepaid expenses and other assets	(6,718)	(5,624)
Accounts payable and accrued expenses	2,281	18,432
Deferred rent and lease incentives	1,183	(2,455)
Other long-term liabilities	(706)	(9,747)
Net cash provided by (used in) operating activities	(17,608)	56,736
Cash flows from investing activities:
Purchases of property and equipment	(44,223)	(24,963)
Proceeds from sale of long-term assets	43,399	0
Changes in other assets	0	1,768
Acquisition of businesses, net of cash acquired	(372)	(846)
Net cash settlement of forward contracts	357	6,814
Net cash used in investing activities	(839)	(17,227)
Cash flows from financing activities:
Payment of debt issuance costs	(111)	(945)
Proceeds from borrowings	21,500	581
Repayment of capital lease obligations and borrowings	(4,468)	(756)
Dividends paid	(38,383)	(38,520)
Purchase of redeemable noncontrolling interest	(4,445)	0
Noncontrolling interest capital contributions	2,157	0
Noncontrolling interest capital distributions	0	(3,830)
Issuance of common stock, net of tax withholdings on vesting of stock awards	346	(1,052)
Excess tax benefits from share-based compensation	202	79
Net cash used in financing activities	(23,202)	(44,443)
Effect of exchange rates on cash and cash equivalents	11,668	(7,603)
Net change in cash and cash equivalents	(29,981)	(12,537)
Cash and cash equivalents at the beginning of the year	445,480	483,483
Cash and cash equivalents at the end of the period	415,499	470,946
Supplemental cash flow data:
Interest paid	607	508
Income taxes paid	$ 9,132	$ 14,590

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 30, 2016
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 July 30, 2016 and January 30, 2016 , the condensed consolidated statements of income and comprehensive income for the three and six months ended July 30, 2016 and August 1, 2015 and the condensed consolidated statements of cash flows for the six months ended July 30, 2016 and August 1, 2015 . 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 six months ended July 30, 2016 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 30, 2016 . The three and six months ended July 30, 2016 had the same number of days as the three and six months ended August 1, 2015 . All references herein to “fiscal 2017 ,” “fiscal 2016 ” and “fiscal 2015 ” represent the results of the 52 -week fiscal year ending January 28, 2017 and the 52 -week fiscal years ended January 30, 2016 and January 31, 2015 , respectively. 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. Sale of Other Assets On May 30, 2016, the Company sold its minority interest equity holding in a privately-held boutique apparel company for net proceeds of approximately $ 34.8 million , which resulted in a gain of approximately $ 22.3 million which was recorded in other income during the second quarter of fiscal 2017. New Accounting Guidance Changes in Accounting Policies In February 2015, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which modifies existing consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. 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. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed 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. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. In May 2015, the FASB issued authoritative guidance which eliminates the disclosure requirement to categorize investments within the fair value hierarchy that are measured at fair value using the net asset value per share practical expedient. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed 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. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. Recently Issued Accounting Guidance 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. During the first half of fiscal 2017, the FASB issued additional clarification guidance on the new revenue recognition standard which also included certain scope improvements and practical expedients. The standard (including clarification guidance issued) 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 and related disclosures, including the choice of application method upon adoption. 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 January 2016, the FASB issued authoritative guidance which requires equity investments not accounted for under the equity method of accounting or consolidation accounting to be measured at fair value, with subsequent changes in fair value recognized in net income. This guidance also addresses other recognition, measurement, presentation and disclosure requirements for financial instruments. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures. In February 2016, the FASB issued a comprehensive new lease standard which will supersede previous lease guidance. The standard requires a lessee to recognize assets and liabilities related to long-term leases that were classified as operating leases under previous guidance in its balance sheet. An asset would be recognized related to the right to use the underlying asset and a liability would be recognized related to the obligation to make lease payments over the term of the lease. The standard also requires expanded disclosures surrounding leases. The standard is effective for fiscal periods beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020, and requires 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 and related disclosures, but expects there will be a significant increase in its long-term assets and liabilities resulting from the adoption. In March 2016, the FASB issued authoritative guidance to simplify the accounting for certain aspects of share-based compensation. This guidance requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. This guidance also addresses other recognition, measurement and presentation requirements for share-based compensation. This guidance is effective for fiscal years beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures. In June 2016, the FASB issued authoritative guidance related to the measurement of credit losses on financial instruments. This guidance is effective for fiscal years beginning after December 15, 2019, which will be the Company’s first quarter of fiscal 2021. Early adoption is permitted for fiscal periods beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures. In August 2016, the FASB issued authoritative guidance related to the classification of certain cash receipts and cash payments in the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 30, 2016
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 Company has granted 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 weighted average number of common shares outstanding and 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 Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Net earnings attributable to Guess?, Inc. $ 32,269 $ 18,289 $ 7,091 $ 21,630 Less net earnings attributable to nonvested restricted stockholders 240 143 286 227 Net earnings attributable to common stockholders $ 32,029 $ 18,146 $ 6,805 $ 21,403 Weighted average common shares used in basic computations 83,621 85,004 83,567 84,985 Effect of dilutive securities: Stock options and restricted stock units 242 286 242 147 Weighted average common shares used in diluted computations 83,863 85,290 83,809 85,132 Net earnings per common share attributable to common stockholders: Basic $ 0.38 $ 0.21 $ 0.08 $ 0.25 Diluted $ 0.38 $ 0.21 $ 0.08 $ 0.25 For the three months ended July 30, 2016 and August 1, 2015 , equity awards granted for 3,426,266 and 2,525,300 , respectively, of the Company’s common shares and for the six months ended July 30, 2016 and August 1, 2015 , equity awards granted for 3,185,000 and 2,473,325 , 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 six months ended July 30, 2016 , the Company also excluded 602,816 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 July 30, 2016 . For the three and six months ended August 1, 2015 , the Company excluded 425,866 nonvested stock units which were 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 August 1, 2015 . 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. As of July 30, 2016 , the Company had remaining authority under the program to purchase $ 451.8 million of its common stock. There were no share repurchases during the three and six months ended July 30, 2016 and August 1, 2015 .

Stockholders' Equity and Redeem

Stockholders' Equity and Redeemable Noncontrolling Interests	6 Months Ended
	Jul. 30, 2016
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 30, 2016 and six months ended July 30, 2016 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 January 31, 2015 85,323,154 54,235,846 $ 1,073,856 $ 15,590 $ 1,089,446 $ 4,437 Net earnings — — 81,851 2,964 84,815 — Foreign currency translation adjustment — — (36,083 ) (1,661 ) (37,744 ) (476 ) Gain on derivative financial instruments designated as cash flow hedges, net of income tax of ($559) — — 95 — 95 — Loss on marketable securities, net of income tax of $7 — — (12 ) — (12 ) — Actuarial valuation gain (loss) and related amortization, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of ($2,972) — — 5,011 — 5,011 — Issuance of common stock under stock compensation plans, net of tax effect 469,937 — (4,023 ) — (4,023 ) — Issuance of stock under Employee Stock Purchase Plan 40,846 (40,846 ) 660 — 660 — Share-based compensation — — 18,880 — 18,880 — Dividends — — (77,287 ) — (77,287 ) — Share repurchases (2,000,000 ) 2,000,000 (44,053 ) — (44,053 ) — Noncontrolling interest capital contribution — — — — — 871 Noncontrolling interest capital distribution — — — (4,075 ) (4,075 ) — Redeemable noncontrolling interest redemption value adjustment — — (420 ) — (420 ) 420 Balance at January 30, 2016 83,833,937 56,195,000 $ 1,018,475 $ 12,818 $ 1,031,293 $ 5,252 Net earnings (loss) — — 7,091 (78 ) 7,013 — Foreign currency translation adjustment — — 28,134 (704 ) 27,430 307 Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $2,081 — — (7,289 ) — (7,289 ) — Loss on marketable securities, net of income tax of $3 — — (1 ) — (1 ) — Actuarial valuation and prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of ($25) — — (4 ) — (4 ) — Issuance of common stock under stock compensation plans, net of tax effect 527,729 — (940 ) — (940 ) — Issuance of stock under Employee Stock Purchase Plan 24,882 (24,882 ) 342 — 342 — Share-based compensation — — 9,049 — 9,049 — Dividends — — (38,422 ) — (38,422 ) — Purchase of redeemable noncontrolling interest — — (1,133 ) 1,133 — (4,445 ) Noncontrolling interest capital contribution — — — — — 2,157 Redeemable noncontrolling interest redemption value adjustment — — (670 ) — (670 ) 670 Balance at July 30, 2016 84,386,548 56,170,118 $ 1,014,632 $ 13,169 $ 1,027,801 $ 3,941 Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss), net of related income taxes, for the three and six months ended July 30, 2016 and August 1, 2015 are as follows (in thousands): Three Months Ended Jul 30, 2016 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at April 30, 2016 $ (115,021 ) $ (3,773 ) $ (14 ) $ (7,728 ) $ (126,536 ) Gains (losses) arising during the period (14,497 ) 4,617 (2 ) 26 (9,856 ) Reclassification to net earnings for (gains) losses realized — (881 ) — 59 (822 ) Net other comprehensive income (loss) (14,497 ) 3,736 (2 ) 85 (10,678 ) Balance at July 30, 2016 $ (129,518 ) $ (37 ) $ (16 ) $ (7,643 ) $ (137,214 ) Six Months Ended Jul 30, 2016 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at January 30, 2016 $ (157,652 ) $ 7,252 $ (15 ) $ (7,639 ) $ (158,054 ) Gains (losses) arising during the period 28,134 (5,263 ) (1 ) (123 ) 22,747 Reclassification to net earnings for (gains) losses realized — (2,026 ) — 119 (1,907 ) Net other comprehensive income (loss) 28,134 (7,289 ) (1 ) (4 ) 20,840 Balance at July 30, 2016 $ (129,518 ) $ (37 ) $ (16 ) $ (7,643 ) $ (137,214 ) Three Months Ended Aug 1, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at May 2, 2015 $ (121,908 ) $ 4,296 $ (7 ) $ (12,344 ) $ (129,963 ) Gains (losses) arising during the period (20,697 ) 4,584 (4 ) 7,026 (9,091 ) Reclassification to net earnings for gains realized — (3,012 ) — (738 ) (3,750 ) Net other comprehensive income (loss) (20,697 ) 1,572 (4 ) 6,288 (12,841 ) Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 ) Six Months Ended Aug 1, 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 (21,036 ) 3,658 (8 ) 7,026 (10,360 ) Reclassification to net earnings for gains realized — (4,947 ) — (432 ) (5,379 ) Net other comprehensive income (loss) (21,036 ) (1,289 ) (8 ) 6,594 (15,739 ) Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 ) Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings during the three and six months ended July 30, 2016 and August 1, 2015 are as follows (in thousands): Three Months Ended Six Months Ended Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Derivative financial instruments designated as cash flow hedges: Foreign exchange currency contracts $ (1,141 ) $ (3,193 ) $ (2,576 ) $ (4,943 ) Cost of product sales Foreign exchange currency contracts (49 ) (330 ) (81 ) (816 ) Other income/expense Interest rate swap 59 — 110 — Interest expense Less income tax effect 250 511 521 812 Income tax expense (881 ) (3,012 ) (2,026 ) (4,947 ) Defined benefit plans: Actuarial loss amortization 85 430 171 943 (1) Prior service credit amortization (7 ) (39 ) (14 ) (97 ) (1) Curtailment — (1,651 ) — (1,651 ) (1) Less income tax effect (19 ) 522 (38 ) 373 Income tax expense 59 (738 ) 119 (432 ) Total reclassifications during the period $ (822 ) $ (3,750 ) $ (1,907 ) $ (5,379 ) __________________________________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension (credit) 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 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 and is classified as a redeemable noncontrolling interest outside of permanent equity in the Company’s condensed consolidated balance sheet. During the six months ended July 30, 2016 , the Company and the noncontrolling interest holder increased their capital contributions by $1.7 million , of which $1.0 million was paid by the Company and the remaining amount was paid by the noncontrolling interest holder to retain the same pro-rata interest in Guess Brazil. The carrying value of the redeemable noncontrolling interest related to Guess Brazil was $1.6 million and $0.7 million as of July 30, 2016 and January 30, 2016 , respectively. During fiscal 2016, the Company entered into a new majority-owned joint venture to establish Guess? CIS, LLC (“Guess CIS”) which is based in Russia. The Company made an initial contribution of $ 2.0 million to obtain a 70% interest in Guess CIS and is party to a put arrangement with respect to the common securities that represent the remaining noncontrolling interest. During the six months ended July 30, 2016 , the Company and the noncontrolling interest holder increased their capital contributions by $5.0 million , of which $3.5 million was paid by the Company and the remaining amount was paid by the noncontrolling interest holder to retain the same pro-rata interest in Guess CIS. The put arrangement may be exercised at the discretion of the noncontrolling interest holder by providing written notice to the Company during the period beginning after the fifth anniversary of the agreement through December 31, 2025 , or sooner in certain limited circumstances. The redemption value of the Guess CIS put arrangement is based on a multiple of Guess CIS’s earnings before interest, taxes, depreciation and amortization subject to certain adjustments and is classified as a redeemable noncontrolling interest outside of permanent equity in the Company’s condensed consolidated balance sheet. The carrying value of the redeemable noncontrolling interest related to Guess CIS was $2.3 million and $ 0.9 million as of July 30, 2016 and January 30, 2016 , respectively. The Company was previously party to a put arrangement in connection with its now wholly-owned subsidiary, Guess Sud SAS (“Guess Sud”). Under the terms of this put arrangement, which represented 40% of the total outstanding interest of that subsidiary, the noncontrolling interest holder had the option to exercise the put arrangement at its discretion by providing written notice to the Company any time after January 30, 2012 . The redemption value of the put arrangement was determined based on a method which approximated fair value. In May 2016, the Company acquired the remaining 40% interest in Guess Sud for $4.4 million . At January 30, 2016 , the redemption value related to the Guess Sud put arrangement was $ 3.7 million and was included in redeemable noncontrolling interests.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jul. 30, 2016
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable is summarized as follows (in thousands): Jul 30, 2016 Jan 30, 2016 Trade $ 213,348 $ 222,972 Royalty 13,594 16,443 Other 8,392 16,493 235,334 255,908 Less allowances 34,074 33,549 $ 201,260 $ 222,359 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	6 Months Ended
	Jul. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): Jul 30, 2016 Jan 30, 2016 Raw materials $ 1,445 $ 1,150 Work in progress 134 92 Finished goods 378,169 310,462 $ 379,748 $ 311,704 The above balances include an allowance to write down inventories to the lower of cost or market of $ 19.6 million and $ 15.9 million as of July 30, 2016 and January 30, 2016 , respectively.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jul. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During the first quarter of fiscal 2017, the Company implemented a global cost reduction and restructuring plan to better align its global cost and organizational structure with its current strategic initiatives. This plan included the consolidation and streamlining of the Company’s business processes and a reduction in its global workforce and other expenses. These actions resulted in restructuring charges related primarily to cash-based severance costs of $6.1 million during the six months ended July 30, 2016 . There were no restructuring charges incurred during the three months ended July 30, 2016 related to this plan. The Company does not expect significant future cash-based severance charges to be incurred as the actions under this plan were substantially completed during the first quarter of fiscal 2017. As of July 30, 2016 , the Company had a balance of approximately $1.1 million in accrued expenses for amounts expected to be paid during the remainder of fiscal 2017. The following table summarizes restructuring activities related primarily to severance during the three and six months ended July 30, 2016 (in thousands): Three Months Ended Jul 30, 2016 Balance at April 30, 2016 $ 5,146 Cash payments (3,906 ) Foreign currency and other adjustments (109 ) Balance at July 30, 2016 $ 1,131 Six Months Ended Jul 30, 2016 Balance at January 30, 2016 $ — Charges to operations 6,083 Cash payments (4,836 ) Foreign currency and other adjustments (116 ) Balance at July 30, 2016 $ 1,131 During the six months ended July 30, 2016 , the Company also incurred an estimated exit tax charge of approximately $1.9 million related to its reorganization in Europe as a result of the global cost reduction and restructuring plan. The estimated exit tax charge was recorded during the three months ended April 30, 2016. The exit tax charge has not been finalized with the local authorities and actual amounts could differ significantly from these estimates as negotiations are completed.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 30, 2016
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 45.3% for the six months ended July 30, 2016 compared to 38.0% for the six months ended August 1, 2015 . The in crease in the effective income tax rate was due primarily to more losses incurred in certain foreign jurisdictions where the Company has valuation allowances and a shift in the distribution of earnings among the Company’s tax jurisdictions within the quarters of the current fiscal year, partially offset by the favorable impact of a lower tax rate on the gain from the sale of a minority interest investment during the six months ended July 30, 2016 compared to the same prior-year period. From time-to-time, the Company is subject to routine income tax audits on various tax matters around the world in the ordinary course of business. As of July 30, 2016 , 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 $ 17.4 million and $13.9 million as of July 30, 2016 and January 30, 2016 , respectively. The change in the accrual balance from January 30, 2016 to July 30, 2016 resulted from additional accruals and interest and penalties during the six months ended July 30, 2016 .

Segment Information

Segment Information	6 Months Ended
	Jul. 30, 2016
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 . 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 retail, e-commerce and wholesale operations in Europe and the Middle East. The Asia segment includes the Company’s retail, e-commerce and wholesale 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 six months ended July 30, 2016 and August 1, 2015 (in thousands): Three Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Net revenue: Americas Retail $ 226,550 $ 232,456 $ 430,711 $ 446,705 Europe 213,467 199,375 348,847 336,772 Asia 53,247 56,745 107,376 120,780 Americas Wholesale 29,744 32,361 62,542 69,639 Licensing 21,951 25,327 44,298 51,192 Total net revenue $ 544,959 $ 546,264 $ 993,774 $ 1,025,088 Earnings (loss) from operations: Americas Retail $ (1,614 ) $ 5,244 $ (14,215 ) $ (1,965 ) Europe 19,033 18,186 4,948 14,518 Asia (3,546 ) 887 (4,215 ) 5,500 Americas Wholesale 3,339 4,872 8,950 11,619 Licensing 19,733 22,415 40,148 45,440 Corporate Overhead (21,368 ) (25,403 ) (42,934 ) (44,558 ) Restructuring Charges — — (6,083 ) — Total earnings (loss) from operations $ 15,577 $ 26,201 $ (13,401 ) $ 30,554 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. Restructuring charges incurred during the six months ended July 30, 2016 related to plans to better align the Company’s global cost and organizational structure with its current strategic initiatives. Refer to Note 6 for more information regarding these restructuring charges.

Borrowings and Capital Lease Ob

Borrowings and Capital Lease Obligations	6 Months Ended
	Jul. 30, 2016
Debt Disclosure [Abstract]
Borrowings and Capital Lease Obligations	Borrowings and Capital Lease Obligations Borrowings and capital lease obligations are summarized as follows (in thousands): Jul 30, 2016 Jan 30, 2016 Mortgage debt, maturing monthly through January 2026 $ 21,162 $ — European capital lease, matured quarterly through May 2016 — 4,024 Other 3,032 2,318 24,194 6,342 Less current installments 555 4,024 Long-term debt $ 23,639 $ 2,318 Mortgage Debt On February 16, 2016, the Company entered into a ten -year $ 21.5 million real estate secured loan (the “Mortgage Debt”). The Mortgage Debt is secured by the Company’s U.S. distribution center based in Louisville, Kentucky and provides for monthly principal and interest payments based on a 25 -year amortization schedule, with the remaining principal balance and any accrued and unpaid interest due at maturity. Outstanding principal balances under the Mortgage Debt bear interest at the one-month LIBOR rate plus 1.5% . As of July 30, 2016 , outstanding borrowings under the Mortgage Debt, net of debt issuance costs of $0.1 million , were $21.2 million . The Mortgage Debt requires the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis if consolidated cash, cash equivalents and short term investment balances fall below certain levels. In addition, the Mortgage Debt contains customary covenants, including covenants that limit or restrict the Company’s ability to incur liens on the mortgaged property and enter into certain contractual obligations. Upon the occurrence of an event of default under the Mortgage Debt, the lender may terminate the Mortgage Debt and declare all amounts outstanding to be immediately due and payable. The Mortgage Debt 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. On February 16, 2016, the Company also entered into a separate interest rate swap agreement, designated as a cash flow hedge, that resulted in a swap fixed rate of approximately 3.06% . This interest rate swap agreement matures in January 2026 and converts the nature of the Mortgage Debt from LIBOR floating-rate debt to fixed-rate debt. The fair value of the interest rate swap liability as of July 30, 2016 was approximately $ 0.7 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 July 30, 2016 , the Company could have borrowed up to $148 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. 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 July 30, 2016 , the Company had $ 0.7 million in outstanding standby letters of credit, $1.3 million in 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 July 30, 2016 , the Company could have borrowed up to $ 75.8 million under these agreements. As of July 30, 2016 , the Company had no outstanding borrowings and $ 1.4 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 0.4% to 6.8% . 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 $ 39.1 million that has a minimum net equity requirement, there are no other financial ratio covenants. Capital Lease The Company leased a building in Florence, Italy under a capital lease which provided for minimum lease payments through May 1, 2016 , at which point, the title of the building was transferred to the Company. The Company had a separate interest rate swap agreement designated as a non-hedging instrument that converted the nature of the capital lease obligation from Euribor floating-rate debt to fixed-rate debt and resulted in a swap fixed rate of 3.55% . This interest rate swap agreement matured on February 1, 2016 . 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	6 Months Ended
	Jul. 30, 2016
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 six months ended July 30, 2016 and August 1, 2015 (in thousands): Three Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Stock options $ 622 $ 439 $ 1,134 $ 920 Stock awards/units 4,146 3,950 7,824 7,037 Employee Stock Purchase Plan 49 51 91 95 Total share-based compensation expense $ 4,817 $ 4,440 $ 9,049 $ 8,052 Unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested stock options and nonvested stock awards/units totaled approximately $ 4.6 million and $ 27.6 million , respectively, as of July 30, 2016 . This cost is expected to be recognized over a weighted average period of 1.9 years. The weighted average grant date fair value of options granted was $3.55 and $3.71 during the six months ended July 30, 2016 and August 1, 2015 , respectively. Grants On April 29, 2016, the Company granted select key management 602,816 nonvested stock units which are subject to certain performance-based vesting or market-based vesting conditions. On July 7, 2015, the Company granted Victor Herrero, the Company’s Chief Executive Officer, 600,000 stock options and 250,000 nonvested stock units in connection with an employment agreement entered into between the Company and Mr. Herrero (the “Herrero Employment Agreement”). Mr. Herrero was also granted 150,000 restricted stock units that were considered contingently returnable as a result of certain service conditions set forth in the Herrero Employment Agreement. These service conditions were met during the three months ending July 30, 2016 . Annual Grants On March 30, 2016, the Company made an annual grant of 616,450 stock options and 442,000 nonvested stock awards/units to its employees. 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. Performance-Based Awards The Company has granted certain nonvested stock units subject to performance-based vesting conditions to select executive officers. Each award of nonvested stock units generally has an initial vesting period from the date of the grant through the end of the first fiscal year followed by annual vesting periods which may range from two -to- three years. 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 select key management, including certain executive officers. The number of shares that may ultimately vest with respect to each award may range from 0% up to 200% of the target number of shares, subject to the achievement of certain performance-based vesting conditions which may relate to the first fiscal year of the grant or the third fiscal year of the grant. 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 units during the six months ended July 30, 2016 : Number of Units Weighted Average Grant Date Fair Value Nonvested at January 30, 2016 580,000 $ 22.65 Granted 462,359 18.35 Vested (241,922 ) 25.98 Forfeited — — Nonvested at July 30, 2016 800,437 $ 19.16 Market-Based Awards The Company has granted certain nonvested stock units subject to market-based vesting conditions to select executive officers. 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. The following table summarizes the activity for nonvested market-based units during the six months ended July 30, 2016 : Number of Units Weighted Nonvested at January 30, 2016 183,368 $ 17.72 Granted 140,457 15.20 Vested — — Forfeited — — Nonvested at July 30, 2016 323,825 $ 16.63

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jul. 30, 2016
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 and member of the Board of the Company, and Maurice Marciano, Chairman Emeritus and member of the Board, 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 four of these leases in effect as of July 30, 2016 with expiration dates ranging from calendar years 2017 to 2020 . In January 2016, the Company sold an approximately 140,000 square foot parking lot located adjacent to the Company’s corporate headquarters to a partnership affiliated with the Marciano Trusts for a sales price of $7.5 million , which was subsequently collected during the six months ended July 30, 2016 . Concurrent with the sale, the Company entered into a lease agreement to lease back the parking lot from the purchaser. During the fourth quarter of fiscal 2016, the Company recognized a net gain of approximately $3.4 million in other income as a result of these transactions. Aggregate rent, common area maintenance charges and property tax expense recorded under these four related party leases for the six months ended July 30, 2016 and August 1, 2015 was $ 2.5 million and $ 2.7 million , respectively. The Company believes that the terms of the related party leases and parking lot sale 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 six months ended July 30, 2016 and August 1, 2015 were approximately $ 0.5 million and $ 0.3 million , respectively. 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 30, 2016 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 30, 2016
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 5% to 12% , when specific sales volumes are exceeded. The Company’s concession leases also provide for rents primarily based upon a percentage of annual sales volume which average approximately 34% of annual sales volume. 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 2021 . Investment Commitments As of July 30, 2016 , the Company had an unfunded commitment to invest €5.0 million ( $5.6 million ) in a private equity fund. The investment will be included in other assets in the Company’s condensed consolidated balance sheet when it is funded. 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 $5.25 million , subject to certain limited offsets. The Court issued a final order and judgment approving the settlement in February 2016. The Company has received customs tax assessment notices from the Italian Customs Agency regarding its customs tax audit of one of the Company’s European subsidiaries for the period from July 2010 through December 2012 . Such assessments totaled € 9.8 million ($ 11.0 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”). In May 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 ($ 1.9 million ). In November 2015, the Italian Customs Agency notified the Company of its intent to appeal this first MFDTC judgment. During the first half of fiscal 2017, the MFDTC issued judgments in favor of the Company in relation to the second, third and fourth set of appeals (covering the period from October 2010 through June 2011 ), sixth set of appeals (covering the period from January 2012 through June 2012 ), as well as a portion of the seventh set of appeals (covering the period from August 2012 through December 2012 ) and canceled the related assessments totaling €6.0 million ( $6.7 million ). While these MFDTC judgments have been favorable to the Company , there can be no assurances that the Company’s remaining open appeals covering the periods from July 2011 through December 2011 as well as July 2012 will be successful. There also can be no assurances that the Italian Customs Agency will not be successful in its appeal of the first MFDTC judgment or that they will not appeal the other favorable MFDTC judgments. 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	6 Months Ended
	Jul. 30, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans 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 fiscal 2016, the SERP was amended in connection with Paul Marciano’s transition from Chief Executive Officer to Executive Chairman of the Board and Chief Creative Officer. This 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 this 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 fiscal 2016. 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 fiscal 2016 . 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 $ 57.7 million and $ 52.5 million as of July 30, 2016 and January 30, 2016 , 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 of $ 1.9 million and $5.1 million in other income during the three and six months ended July 30, 2016 , respectively, and unrealized gains (losses) of $ (0.3) million and $1.6 million in other income and expense during the three and six months ended August 1, 2015 , respectively. The Company also recorded realized gains of $0.1 million and $0.7 million in other income resulting from payout on the insurance policies during the six months ended July 30, 2016 and August 1, 2015 , respectively. The realized gains were recorded during the three months ended April 30, 2016 and May 2, 2015. The projected benefit obligation was $53.5 million and $53.4 million as of July 30, 2016 and January 30, 2016 , 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 $0.8 million were made during the three and six months ended July 30, 2016 , respectively. SERP benefit payments of $0.4 million and $0.8 million were made during the three and six months ended August 1, 2015 , respectively. The components of net periodic defined benefit pension (credit) cost for the three and six months ended July 30, 2016 and August 1, 2015 related to the SERP are as follows (in thousands): Three Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Interest cost $ 460 $ 495 $ 920 $ 991 Net amortization of unrecognized prior service credit — (39 ) — (97 ) Net amortization of actuarial losses 38 290 77 718 Curtailment gain — (1,651 ) — (1,651 ) Net periodic defined benefit pension (credit) cost $ 498 $ (905 ) $ 997 $ (39 ) 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 July 30, 2016 and January 30, 2016 , the plan had a projected benefit obligation of CHF 16.0 million (US$ 16.5 million ) and CHF 15.6 million (US$ 15.2 million ), respectively, and plan assets held at the independent investment fiduciary of CHF 13.4 million (US$ 13.9 million ) and CHF 13.0 million (US$ 12.7 million ), respectively. The net liability of CHF 2.6 million (US$ 2.6 million ) and CHF 2.6 million (US$ 2.5 million ) was included in other long-term liabilities in the Company’s condensed consolidated balance sheets as of July 30, 2016 and January 30, 2016 , respectively. During the three and six months ended July 30, 2016 , the Company recognized net periodic defined benefit pension cost of CHF 0.4 million (US$ 0.4 million ) and CHF 0.8 million (US $0.8 million ) respectively, resulting primarily from service cost. During the three and six months ended August 1, 2015 , the Company recognized net periodic defined benefit pension cost of CHF 0.4 million (US$ 0.5 million ) and CHF 0.9 million (US$ 0.9 million ), respectively, resulting primarily from service cost.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 30, 2016
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 July 30, 2016 and January 30, 2016 (in thousands): Fair Value Measurements at Jul 30, 2016 Fair Value Measurements at Jan 30, 2016 Recurring Fair Value Measures Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Foreign exchange currency contracts $ — $ 2,933 $ — $ 2,933 $ — $ 9,797 $ — $ 9,797 Available-for-sale securities 13 — — 13 17 — — 17 Total $ 13 $ 2,933 $ — $ 2,946 $ 17 $ 9,797 $ — $ 9,814 Liabilities: Foreign exchange currency contracts $ — $ 3,834 $ — $ 3,834 $ — $ 366 $ — $ 366 Interest rate swaps — 706 — 706 — 37 — 37 Deferred compensation obligations — 11,862 — 11,862 — 10,155 — 10,155 Total $ — $ 16,402 $ — $ 16,402 $ — $ 10,558 $ — $ 10,558 There were no transfers of financial instruments between the three levels of fair value hierarchy during the six months ended July 30, 2016 or during the year ended January 30, 2016 . The fair values of the Company ’ s available-for-sale securities are based on quoted prices. The fair values of the interest rate swaps are based upon inputs corroborated by observable market data . Foreign exchange currency 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 exchange currency 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 currency 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 July 30, 2016 and January 30, 2016 , 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 July 30, 2016 and January 30, 2016 , 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. 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 July 30, 2016 and January 30, 2016 , the carrying value of all financial instruments was not materially different from fair value, as the interest rates on the Company’s debt 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 brand awareness has been 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 $0.5 million and $0.7 million during the three and six months ended July 30, 2016 , respectively, and $0.7 million and $1.8 million during the three and six months ended August 1, 2015 , respectively. The impairment charges related primarily to the impairment of certain retail locations in North America and Europe resulting from under-performance and expected store closures 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	6 Months Ended
	Jul. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Hedging Strategy Foreign Exchange Currency Contracts 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 currency 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 exchange currency contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries. Interest Rate Swap Agreements The Company is exposed to interest rate risk on its floating-rate debt. The Company has entered into interest rate swap agreements 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 floating-rate debt, thus reducing the impact of interest rate changes on future interest payment cash flows. The Company has elected to apply the hedge accounting rules in accordance with authoritative guidance for certain of these contracts. Refer to Note 9 for further information. The impact of the credit risk of the counterparties to the derivative contracts is considered in determining the fair value of the foreign exchange currency contracts and interest rate swap agreements. As of July 30, 2016 , credit risk has not had a significant effect on the fair value of the Company’s foreign exchange currency contracts and interest rate swap agreements. Hedge Accounting Policy Foreign Exchange Currency Contracts 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 exchange currency contracts that are not designated as hedging instruments for accounting purposes. Changes in fair value of foreign exchange currency contracts not designated as hedging instruments are reported in net earnings as part of other income and expense. Interest Rate Swap Agreements Interest rate swap agreements are used to hedge the variability of the cash flows in interest payments associated with the Company’s floating-rate debt. Changes in the fair value of interest rate swap agreements designated as cash flow hedges are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are amortized to interest expense over the term of the related debt. Periodically, the Company may also enter into interest rate swap agreements that are not designated as hedging instruments for accounting purposes. Changes in the fair value of interest rate swap agreements 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 July 30, 2016 and January 30, 2016 is as follows (in thousands): Derivative Balance Sheet Location Fair Value at Fair Value at ASSETS: Derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange currency contracts Other current assets/ Other assets $ 2,002 $ 7,491 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other current assets 931 2,306 Total $ 2,933 $ 9,797 LIABILITIES: Derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange currency contracts Accrued expenses/ Other long-term liabilities $ 2,036 $ 47 Interest rate swap Other long-term liabilities 706 — Total derivatives designated as hedging instruments 2,742 47 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Accrued expenses 1,798 319 Interest rate swap Accrued expenses — 37 Total derivatives not designated as hedging instruments 1,798 356 Total $ 4,540 $ 403 Derivatives Designated as Hedging Instruments Foreign Exchange Currency Contracts Designated as Cash Flow Hedges During the six months ended July 30, 2016 , the Company purchased U.S. dollar forward contracts in Europe and Canada totaling US $46.7 million and US $35.9 million , respectively, to hedge forecasted merchandise purchases and intercompany royalties that were designated as cash flow hedges. As of July 30, 2016 , the Company had forward contracts outstanding for its European and Canadian operations of US$ 106.4 million and US$ 60.6 million , respectively, which are expected to mature over the next 17 months . As of July 30, 2016 , accumulated other comprehensive income (loss) related to foreign exchange currency contracts included a net unrealized gain of approximately $ 0.4 million , net of tax, which 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. At January 30, 2016 , the Company had forward contracts outstanding for its European and Canadian operations of US$ 106.3 million and US$ 48.2 million , respectively, that were designated as cash flow hedges. Interest Rate Swap Agreement Designated as Cash Flow Hedge During the six months ended July 30, 2016 , the Company entered into an interest rate swap agreement with a notional amount of $21.5 million , designated as a cash flow hedge, to hedge the variability of cash flows in interest payments associated with the Company’s floating-rate debt. This interest rate swap agreement matures in January 2026 and converts the nature of the Company’s real estate secured term loan from LIBOR floating-rate debt to fixed-rate debt, resulting in a swap fixed rate of approximately 3.06% . As of July 30, 2016 , accumulated other comprehensive income (loss) related to the interest rate swap agreement included a net unrealized loss of approximately $0.4 million , net of tax, which will be recognized in interest expense after 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 the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings for the three and six months ended July 30, 2016 and August 1, 2015 (in thousands): Gain (Loss) 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 Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 5,762 $ 5,343 Cost of product sales $ 1,141 $ 3,193 Foreign exchange currency contracts $ 343 $ 378 Other income/expense $ 49 $ 330 Interest rate swap $ (685 ) $ — Interest expense $ (59 ) $ — Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Six Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ (5,650 ) $ 4,196 Cost of product sales $ 2,576 $ 4,943 Foreign exchange currency contracts $ (356 ) $ 230 Other income/expense $ 81 $ 816 Interest rate swap $ (817 ) $ — Interest expense $ (110 ) $ — __________________________________ (1) The Company recognized gains of $0.1 million and $0.5 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three and six months ended July 30, 2016 , respectively. The ineffective portion related to foreign exchange currency contracts was immaterial during the three and six months ended August 1, 2015 . There was no ineffectiveness recognized related to the interest rate swap during the three and six months ended July 30, 2016 . The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands): Three Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Beginning balance gain (loss) $ (3,773 ) $ 4,296 $ 7,252 $ 7,157 Net gains (losses) from changes in cash flow hedges 4,617 4,584 (5,263 ) 3,658 Net gains reclassified to earnings (881 ) (3,012 ) (2,026 ) (4,947 ) Ending balance gain (loss) $ (37 ) $ 5,868 $ (37 ) $ 5,868 Derivatives Not Designated as Hedging Instruments As of July 30, 2016 , the Company had euro foreign exchange currency contracts to purchase US$ 66.2 million expected to mature over the next 11 months and Canadian dollar foreign exchange currency contracts to purchase US $20.4 million expected to mature over the next nine months . The following table summarizes the gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense for the three and six months ended July 30, 2016 and August 1, 2015 (in thousands): Location of Gain (Loss) Recognized in Earnings Gain Recognized in Earnings Gain (Loss) Recognized in Earnings Three Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other income/expense $ 2,885 $ 2,860 $ (3,144 ) $ 2,159 Interest rate swap Other income/expense $ — $ 47 $ 38 $ 96 At January 30, 2016 , the Company had euro foreign exchange currency contracts to purchase US$ 54.8 million and Canadian dollar foreign exchange currency contracts to purchase US$ 25.8 million .

Subsequent Events

Subsequent Events	6 Months Ended
	Jul. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On August 24, 2016 , 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 September 23, 2016 to shareholders of record as of the close of business on September 7, 2016 .

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jul. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 Changes in Accounting Policies In February 2015, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which modifies existing consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. 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. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed 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. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. In May 2015, the FASB issued authoritative guidance which eliminates the disclosure requirement to categorize investments within the fair value hierarchy that are measured at fair value using the net asset value per share practical expedient. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed 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. The Company adopted this guidance effective January 31, 2016. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. Recently Issued Accounting Guidance 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. During the first half of fiscal 2017, the FASB issued additional clarification guidance on the new revenue recognition standard which also included certain scope improvements and practical expedients. The standard (including clarification guidance issued) 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 and related disclosures, including the choice of application method upon adoption. 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 January 2016, the FASB issued authoritative guidance which requires equity investments not accounted for under the equity method of accounting or consolidation accounting to be measured at fair value, with subsequent changes in fair value recognized in net income. This guidance also addresses other recognition, measurement, presentation and disclosure requirements for financial instruments. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures. In February 2016, the FASB issued a comprehensive new lease standard which will supersede previous lease guidance. The standard requires a lessee to recognize assets and liabilities related to long-term leases that were classified as operating leases under previous guidance in its balance sheet. An asset would be recognized related to the right to use the underlying asset and a liability would be recognized related to the obligation to make lease payments over the term of the lease. The standard also requires expanded disclosures surrounding leases. The standard is effective for fiscal periods beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020, and requires 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 and related disclosures, but expects there will be a significant increase in its long-term assets and liabilities resulting from the adoption. In March 2016, the FASB issued authoritative guidance to simplify the accounting for certain aspects of share-based compensation. This guidance requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. This guidance also addresses other recognition, measurement and presentation requirements for share-based compensation. This guidance is effective for fiscal years beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures. In June 2016, the FASB issued authoritative guidance related to the measurement of credit losses on financial instruments. This guidance is effective for fiscal years beginning after December 15, 2019, which will be the Company’s first quarter of fiscal 2021. Early adoption is permitted for fiscal periods beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures. In August 2016, the FASB issued authoritative guidance related to the classification of certain cash receipts and cash payments in the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 30, 2016
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 Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Net earnings attributable to Guess?, Inc. $ 32,269 $ 18,289 $ 7,091 $ 21,630 Less net earnings attributable to nonvested restricted stockholders 240 143 286 227 Net earnings attributable to common stockholders $ 32,029 $ 18,146 $ 6,805 $ 21,403 Weighted average common shares used in basic computations 83,621 85,004 83,567 84,985 Effect of dilutive securities: Stock options and restricted stock units 242 286 242 147 Weighted average common shares used in diluted computations 83,863 85,290 83,809 85,132 Net earnings per common share attributable to common stockholders: Basic $ 0.38 $ 0.21 $ 0.08 $ 0.25 Diluted $ 0.38 $ 0.21 $ 0.08 $ 0.25

Stockholders' Equity and Rede25

Stockholders' Equity and Redeemable Noncontrolling Interests (Tables)	6 Months Ended
	Jul. 30, 2016
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 30, 2016 and six months ended July 30, 2016 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 January 31, 2015 85,323,154 54,235,846 $ 1,073,856 $ 15,590 $ 1,089,446 $ 4,437 Net earnings — — 81,851 2,964 84,815 — Foreign currency translation adjustment — — (36,083 ) (1,661 ) (37,744 ) (476 ) Gain on derivative financial instruments designated as cash flow hedges, net of income tax of ($559) — — 95 — 95 — Loss on marketable securities, net of income tax of $7 — — (12 ) — (12 ) — Actuarial valuation gain (loss) and related amortization, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of ($2,972) — — 5,011 — 5,011 — Issuance of common stock under stock compensation plans, net of tax effect 469,937 — (4,023 ) — (4,023 ) — Issuance of stock under Employee Stock Purchase Plan 40,846 (40,846 ) 660 — 660 — Share-based compensation — — 18,880 — 18,880 — Dividends — — (77,287 ) — (77,287 ) — Share repurchases (2,000,000 ) 2,000,000 (44,053 ) — (44,053 ) — Noncontrolling interest capital contribution — — — — — 871 Noncontrolling interest capital distribution — — — (4,075 ) (4,075 ) — Redeemable noncontrolling interest redemption value adjustment — — (420 ) — (420 ) 420 Balance at January 30, 2016 83,833,937 56,195,000 $ 1,018,475 $ 12,818 $ 1,031,293 $ 5,252 Net earnings (loss) — — 7,091 (78 ) 7,013 — Foreign currency translation adjustment — — 28,134 (704 ) 27,430 307 Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $2,081 — — (7,289 ) — (7,289 ) — Loss on marketable securities, net of income tax of $3 — — (1 ) — (1 ) — Actuarial valuation and prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of ($25) — — (4 ) — (4 ) — Issuance of common stock under stock compensation plans, net of tax effect 527,729 — (940 ) — (940 ) — Issuance of stock under Employee Stock Purchase Plan 24,882 (24,882 ) 342 — 342 — Share-based compensation — — 9,049 — 9,049 — Dividends — — (38,422 ) — (38,422 ) — Purchase of redeemable noncontrolling interest — — (1,133 ) 1,133 — (4,445 ) Noncontrolling interest capital contribution — — — — — 2,157 Redeemable noncontrolling interest redemption value adjustment — — (670 ) — (670 ) 670 Balance at July 30, 2016 84,386,548 56,170,118 $ 1,014,632 $ 13,169 $ 1,027,801 $ 3,941
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 six months ended July 30, 2016 and August 1, 2015 are as follows (in thousands): Three Months Ended Jul 30, 2016 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at April 30, 2016 $ (115,021 ) $ (3,773 ) $ (14 ) $ (7,728 ) $ (126,536 ) Gains (losses) arising during the period (14,497 ) 4,617 (2 ) 26 (9,856 ) Reclassification to net earnings for (gains) losses realized — (881 ) — 59 (822 ) Net other comprehensive income (loss) (14,497 ) 3,736 (2 ) 85 (10,678 ) Balance at July 30, 2016 $ (129,518 ) $ (37 ) $ (16 ) $ (7,643 ) $ (137,214 ) Six Months Ended Jul 30, 2016 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at January 30, 2016 $ (157,652 ) $ 7,252 $ (15 ) $ (7,639 ) $ (158,054 ) Gains (losses) arising during the period 28,134 (5,263 ) (1 ) (123 ) 22,747 Reclassification to net earnings for (gains) losses realized — (2,026 ) — 119 (1,907 ) Net other comprehensive income (loss) 28,134 (7,289 ) (1 ) (4 ) 20,840 Balance at July 30, 2016 $ (129,518 ) $ (37 ) $ (16 ) $ (7,643 ) $ (137,214 ) Three Months Ended Aug 1, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at May 2, 2015 $ (121,908 ) $ 4,296 $ (7 ) $ (12,344 ) $ (129,963 ) Gains (losses) arising during the period (20,697 ) 4,584 (4 ) 7,026 (9,091 ) Reclassification to net earnings for gains realized — (3,012 ) — (738 ) (3,750 ) Net other comprehensive income (loss) (20,697 ) 1,572 (4 ) 6,288 (12,841 ) Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 ) Six Months Ended Aug 1, 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 (21,036 ) 3,658 (8 ) 7,026 (10,360 ) Reclassification to net earnings for gains realized — (4,947 ) — (432 ) (5,379 ) Net other comprehensive income (loss) (21,036 ) (1,289 ) (8 ) 6,594 (15,739 ) Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 )
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 six months ended July 30, 2016 and August 1, 2015 are as follows (in thousands): Three Months Ended Six Months Ended Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Derivative financial instruments designated as cash flow hedges: Foreign exchange currency contracts $ (1,141 ) $ (3,193 ) $ (2,576 ) $ (4,943 ) Cost of product sales Foreign exchange currency contracts (49 ) (330 ) (81 ) (816 ) Other income/expense Interest rate swap 59 — 110 — Interest expense Less income tax effect 250 511 521 812 Income tax expense (881 ) (3,012 ) (2,026 ) (4,947 ) Defined benefit plans: Actuarial loss amortization 85 430 171 943 (1) Prior service credit amortization (7 ) (39 ) (14 ) (97 ) (1) Curtailment — (1,651 ) — (1,651 ) (1) Less income tax effect (19 ) 522 (38 ) 373 Income tax expense 59 (738 ) 119 (432 ) Total reclassifications during the period $ (822 ) $ (3,750 ) $ (1,907 ) $ (5,379 ) __________________________________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension (credit) cost. Refer to Note 13 for further information.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jul. 30, 2016
Receivables [Abstract]
Schedule of accounts receivable	Accounts receivable is summarized as follows (in thousands): Jul 30, 2016 Jan 30, 2016 Trade $ 213,348 $ 222,972 Royalty 13,594 16,443 Other 8,392 16,493 235,334 255,908 Less allowances 34,074 33,549 $ 201,260 $ 222,359

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 30, 2016
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following (in thousands): Jul 30, 2016 Jan 30, 2016 Raw materials $ 1,445 $ 1,150 Work in progress 134 92 Finished goods 378,169 310,462 $ 379,748 $ 311,704

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jul. 30, 2016
Restructuring and Related Activities [Abstract]
Summary of restructuring activities related primarily to severance	The following table summarizes restructuring activities related primarily to severance during the three and six months ended July 30, 2016 (in thousands): Three Months Ended Jul 30, 2016 Balance at April 30, 2016 $ 5,146 Cash payments (3,906 ) Foreign currency and other adjustments (109 ) Balance at July 30, 2016 $ 1,131 Six Months Ended Jul 30, 2016 Balance at January 30, 2016 $ — Charges to operations 6,083 Cash payments (4,836 ) Foreign currency and other adjustments (116 ) Balance at July 30, 2016 $ 1,131

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 30, 2016
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 six months ended July 30, 2016 and August 1, 2015 (in thousands): Three Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Net revenue: Americas Retail $ 226,550 $ 232,456 $ 430,711 $ 446,705 Europe 213,467 199,375 348,847 336,772 Asia 53,247 56,745 107,376 120,780 Americas Wholesale 29,744 32,361 62,542 69,639 Licensing 21,951 25,327 44,298 51,192 Total net revenue $ 544,959 $ 546,264 $ 993,774 $ 1,025,088 Earnings (loss) from operations: Americas Retail $ (1,614 ) $ 5,244 $ (14,215 ) $ (1,965 ) Europe 19,033 18,186 4,948 14,518 Asia (3,546 ) 887 (4,215 ) 5,500 Americas Wholesale 3,339 4,872 8,950 11,619 Licensing 19,733 22,415 40,148 45,440 Corporate Overhead (21,368 ) (25,403 ) (42,934 ) (44,558 ) Restructuring Charges — — (6,083 ) — Total earnings (loss) from operations $ 15,577 $ 26,201 $ (13,401 ) $ 30,554

Borrowings and Capital Lease 30

Borrowings and Capital Lease Obligations (Tables)	6 Months Ended
	Jul. 30, 2016
Debt Disclosure [Abstract]
Summary of borrowings and capital lease obligations	Borrowings and capital lease obligations are summarized as follows (in thousands): Jul 30, 2016 Jan 30, 2016 Mortgage debt, maturing monthly through January 2026 $ 21,162 $ — European capital lease, matured quarterly through May 2016 — 4,024 Other 3,032 2,318 24,194 6,342 Less current installments 555 4,024 Long-term debt $ 23,639 $ 2,318

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 30, 2016
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 six months ended July 30, 2016 and August 1, 2015 (in thousands): Three Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Stock options $ 622 $ 439 $ 1,134 $ 920 Stock awards/units 4,146 3,950 7,824 7,037 Employee Stock Purchase Plan 49 51 91 95 Total share-based compensation expense $ 4,817 $ 4,440 $ 9,049 $ 8,052
Schedule of activity for nonvested performance-based units	The following table summarizes the activity for nonvested performance-based units during the six months ended July 30, 2016 : Number of Units Weighted Average Grant Date Fair Value Nonvested at January 30, 2016 580,000 $ 22.65 Granted 462,359 18.35 Vested (241,922 ) 25.98 Forfeited — — Nonvested at July 30, 2016 800,437 $ 19.16
Schedule of activity for nonvested market-based units	The following table summarizes the activity for nonvested market-based units during the six months ended July 30, 2016 : Number of Units Weighted Nonvested at January 30, 2016 183,368 $ 17.72 Granted 140,457 15.20 Vested — — Forfeited — — Nonvested at July 30, 2016 323,825 $ 16.63

Defined Benefit Plans (Tables)

Defined Benefit Plans (Tables)	6 Months Ended
	Jul. 30, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Components of net periodic defined benefit pension (credit) cost	The components of net periodic defined benefit pension (credit) cost for the three and six months ended July 30, 2016 and August 1, 2015 related to the SERP are as follows (in thousands): Three Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Interest cost $ 460 $ 495 $ 920 $ 991 Net amortization of unrecognized prior service credit — (39 ) — (97 ) Net amortization of actuarial losses 38 290 77 718 Curtailment gain — (1,651 ) — (1,651 ) Net periodic defined benefit pension (credit) cost $ 498 $ (905 ) $ 997 $ (39 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 30, 2016
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 July 30, 2016 and January 30, 2016 (in thousands): Fair Value Measurements at Jul 30, 2016 Fair Value Measurements at Jan 30, 2016 Recurring Fair Value Measures Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Foreign exchange currency contracts $ — $ 2,933 $ — $ 2,933 $ — $ 9,797 $ — $ 9,797 Available-for-sale securities 13 — — 13 17 — — 17 Total $ 13 $ 2,933 $ — $ 2,946 $ 17 $ 9,797 $ — $ 9,814 Liabilities: Foreign exchange currency contracts $ — $ 3,834 $ — $ 3,834 $ — $ 366 $ — $ 366 Interest rate swaps — 706 — 706 — 37 — 37 Deferred compensation obligations — 11,862 — 11,862 — 10,155 — 10,155 Total $ — $ 16,402 $ — $ 16,402 $ — $ 10,558 $ — $ 10,558

Derivative Financial Instrume34

Derivative Financial Instruments (Tables)	6 Months Ended
	Jul. 30, 2016
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 July 30, 2016 and January 30, 2016 is as follows (in thousands): Derivative Balance Sheet Location Fair Value at Fair Value at ASSETS: Derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange currency contracts Other current assets/ Other assets $ 2,002 $ 7,491 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other current assets 931 2,306 Total $ 2,933 $ 9,797 LIABILITIES: Derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange currency contracts Accrued expenses/ Other long-term liabilities $ 2,036 $ 47 Interest rate swap Other long-term liabilities 706 — Total derivatives designated as hedging instruments 2,742 47 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Accrued expenses 1,798 319 Interest rate swap Accrued expenses — 37 Total derivatives not designated as hedging instruments 1,798 356 Total $ 4,540 $ 403
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 six months ended July 30, 2016 and August 1, 2015 (in thousands): Gain (Loss) 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 Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 5,762 $ 5,343 Cost of product sales $ 1,141 $ 3,193 Foreign exchange currency contracts $ 343 $ 378 Other income/expense $ 49 $ 330 Interest rate swap $ (685 ) $ — Interest expense $ (59 ) $ — Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Six Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ (5,650 ) $ 4,196 Cost of product sales $ 2,576 $ 4,943 Foreign exchange currency contracts $ (356 ) $ 230 Other income/expense $ 81 $ 816 Interest rate swap $ (817 ) $ — Interest expense $ (110 ) $ — __________________________________ (1) The Company recognized gains of $0.1 million and $0.5 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three and six months ended July 30, 2016 , respectively. The ineffective portion related to foreign exchange currency contracts was immaterial during the three and six months ended August 1, 2015 . There was no ineffectiveness recognized related to the interest rate swap during the three and six months ended July 30, 2016 .
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 Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Beginning balance gain (loss) $ (3,773 ) $ 4,296 $ 7,252 $ 7,157 Net gains (losses) from changes in cash flow hedges 4,617 4,584 (5,263 ) 3,658 Net gains reclassified to earnings (881 ) (3,012 ) (2,026 ) (4,947 ) Ending balance gain (loss) $ (37 ) $ 5,868 $ (37 ) $ 5,868
Summary of gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense)	The following table summarizes the gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense for the three and six months ended July 30, 2016 and August 1, 2015 (in thousands): Location of Gain (Loss) Recognized in Earnings Gain Recognized in Earnings Gain (Loss) Recognized in Earnings Three Months Ended Six Months Ended Jul 30, 2016 Aug 1, 2015 Jul 30, 2016 Aug 1, 2015 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other income/expense $ 2,885 $ 2,860 $ (3,144 ) $ 2,159 Interest rate swap Other income/expense $ — $ 47 $ 38 $ 96

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	May 30, 2016	Jul. 30, 2016	Jan. 28, 2017	Jan. 30, 2016	Jan. 31, 2015
Fiscal Year
Number of days in fiscal year				364 days	364 days
Sale of Minority Interest Equity Holding
Net proceeds from sale of the Company's minority interest equity holding in a privately-held boutique apparel company	$ 34.8
Other income/expense
Sale of Minority Interest Equity Holding
Gain from sale of the Company's minority interest equity holding in a privately-held boutique apparel company	$ 22.3	$ 22.3
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		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Earnings Per Share [Abstract]
Net earnings attributable to Guess, Inc.	$ 32,269	$ 18,289	$ 7,091	$ 21,630
Less net earnings attributable to nonvested restricted stockholders	240	143	286	227
Net earnings attributable to common stockholders	$ 32,029	$ 18,146	$ 6,805	$ 21,403
Weighted average common shares used in basic computations	83,621,000	85,004,000	83,567,000	84,985,000
Effect of dilutive securities:
Stock options and restricted stock units (in shares)	242,000	286,000	242,000	147,000
Weighted average common shares used in diluted computations	83,863,000	85,290,000	83,809,000	85,132,000
Net earnings per common share attributable to common stockholders:
Basic (in dollars per share)	$ 0.38	$ 0.21	$ 0.08	$ 0.25
Diluted (in dollars per share)	$ 0.38	$ 0.21	$ 0.08	$ 0.25
Antidilutive securities excluded from computation of earnings per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares	3,426,266	2,525,300	3,185,000	2,473,325
Performance-based or market-based units
Antidilutive securities excluded from computation of earnings per share
Awards subject to performance or market conditions that were excluded from the computation of diluted weighted average common shares	602,816	425,866	602,816	425,866

Earnings Per Share (Details 2)

Earnings Per Share (Details 2) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016	Jun. 26, 2012
Earnings Per Share [Abstract]
Value of common stock authorized to be repurchased						$ 500,000,000
Value of common stock remaining to be repurchased	$ 451,800,000		$ 451,800,000
Number of common stock repurchased (in shares)	0	0	0	0
Shares repurchased, aggregate cost	$ 0	$ 0	$ 0	$ 0	$ 44,053,000

Stockholders' Equity and Rede38

Stockholders' Equity and Redeemable Noncontrolling Interests (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016
Stockholders' equity reconciliation
Stock (in shares), beginning of the period			83,833,937
Stockholders' equity, balance at the beginning of the period			$ 1,031,293,000	$ 1,089,446,000	$ 1,089,446,000
Net earnings (loss)	$ 32,167,000	$ 18,479,000	7,013,000	$ 22,466,000	84,815,000
Foreign currency translation adjustment			27,430,000		(37,744,000)
Gain (loss) on derivative financial instruments designated as cash flow hedges, net of income tax			(7,289,000)		95,000
Loss on marketable securities, net of income tax			(1,000)		(12,000)
Actuarial valuation gain (loss) and related amortization, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax			(4,000)		5,011,000
Issuance of common stock under stock compensation plans, net of tax effect			(940,000)		(4,023,000)
Issuance of stock under Employee Stock Purchase Plan			342,000		660,000
Share-based compensation			9,049,000		18,880,000
Dividends			$ (38,422,000)		(77,287,000)
Share repurchases (in shares)	0	0	0	0
Share repurchases	$ 0	$ 0	$ 0	$ 0	(44,053,000)
Purchase of redeemable noncontrolling interest			0
Noncontrolling interest capital contribution			0		0
Noncontrolling interest capital distribution					(4,075,000)
Redeemable noncontrolling interest redemption value adjustment			$ (670,000)		$ (420,000)
Stock (in shares), end of the period	84,386,548		84,386,548		83,833,937
Stockholders' equity, balance at the end of the period	$ 1,027,801,000		$ 1,027,801,000		$ 1,031,293,000
Comprehensive income (loss), income tax effect
Gain (loss) on derivative financial instruments designated as cash flow hedges, tax effect			2,081,000		(559,000)
Loss on marketable securities, tax effect			3,000		7,000
Actuarial valuation gain (loss) and related amortization, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, tax effect			$ (25,000)		$ (2,972,000)
Common Stock
Stockholders' equity reconciliation
Stock (in shares), beginning of the period			83,833,937	85,323,154	85,323,154
Issuance of common stock under stock compensation plans (in shares)			527,729		469,937
Issuance of stock under Employee Stock Purchase Plan (in shares)			24,882		40,846
Share repurchases (in shares)					(2,000,000)
Stock (in shares), end of the period	84,386,548		84,386,548		83,833,937
Treasury Stock
Stockholders' equity reconciliation
Stock (in shares), beginning of the period			56,195,000	54,235,846	54,235,846
Issuance of stock under Employee Stock Purchase Plan (in shares)			(24,882)		(40,846)
Share repurchases (in shares)					2,000,000
Stock (in shares), end of the period	56,170,118		56,170,118		56,195,000
Guess, Inc. Stockholders’ Equity
Stockholders' equity reconciliation
Stockholders' equity, balance at the beginning of the period			$ 1,018,475,000	$ 1,073,856,000	$ 1,073,856,000
Net earnings (loss)			7,091,000		81,851,000
Foreign currency translation adjustment			28,134,000		(36,083,000)
Gain (loss) on derivative financial instruments designated as cash flow hedges, net of income tax			(7,289,000)		95,000
Loss on marketable securities, net of income tax			(1,000)		(12,000)
Actuarial valuation gain (loss) and related amortization, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax			(4,000)		5,011,000
Issuance of common stock under stock compensation plans, net of tax effect			(940,000)		(4,023,000)
Issuance of stock under Employee Stock Purchase Plan			342,000		660,000
Share-based compensation			9,049,000		18,880,000
Dividends			(38,422,000)		(77,287,000)
Share repurchases					(44,053,000)
Purchase of redeemable noncontrolling interest			(1,133,000)
Noncontrolling interest capital contribution			0		0
Noncontrolling interest capital distribution					0
Redeemable noncontrolling interest redemption value adjustment			(670,000)		(420,000)
Stockholders' equity, balance at the end of the period	$ 1,014,632,000		1,014,632,000		1,018,475,000
Nonredeemable Noncontrolling Interests
Stockholders' equity reconciliation
Stockholders' equity, balance at the beginning of the period			12,818,000	$ 15,590,000	15,590,000
Net earnings (loss)			(78,000)		2,964,000
Foreign currency translation adjustment			(704,000)		(1,661,000)
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, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments 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
Purchase of redeemable noncontrolling interest			1,133,000
Noncontrolling interest capital contribution			0		0
Noncontrolling interest capital distribution					(4,075,000)
Redeemable noncontrolling interest redemption value adjustment			0		0
Stockholders' equity, balance at the end of the period	$ 13,169,000		$ 13,169,000		$ 12,818,000

Stockholders' Equity and Rede39

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 2) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended		12 Months Ended
	May 31, 2016	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016	Jul. 30, 2016	Jan. 30, 2016
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, carrying value at the beginning of the period		$ 5,252	$ 4,437	$ 4,437
Foreign currency translation adjustment		307		(476)
Purchase of redeemable noncontrolling interest		(4,445)
Redeemable noncontrolling interest capital contribution		2,157		871
Redeemable noncontrolling interest redemption value adjustment		670		420
Redeemable noncontrolling interest, carrying value at the end of the period		3,941		5,252
Redeemable noncontrolling interests put arrangements
Redeemable noncontrolling interests		5,252	4,437	4,437	$ 3,941	$ 5,252
Purchase of redeemable noncontrolling interest		(4,445)	$ 0
Guess Brazil
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, carrying value at the beginning of the period		700
Redeemable noncontrolling interest, carrying value at the end of the period		1,600		700
Redeemable noncontrolling interests put arrangements
Total outstanding equity interest in subsidiary covered by put arrangement (as a percent)					40.00%
Redeemable noncontrolling interests		$ 700		700	$ 1,600	700
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
Total cash contributions in the joint venture made by the Company and the noncontrolling interest holder		$ 1,700
Payments made by the Company related to its controlling interest in joint venture		1,000
Guess CIS
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, carrying value at the beginning of the period		900
Redeemable noncontrolling interest, carrying value at the end of the period		2,300		900
Redeemable noncontrolling interests put arrangements
Redeemable noncontrolling interests		$ 900		900	$ 2,300	$ 900
Initial period put option can be exercised by noncontrolling interest holder after commencement of agreement, subject to certain time restrictions (by year)		5 years
Total cash contributions in the joint venture made by the Company and the noncontrolling interest holder		$ 5,000
Payments made by the Company related to its controlling interest in joint venture		$ 3,500		2,000
Controlling interest in joint venture held by the Company					70.00%
Last date put option can be exercised by noncontrolling interest holder		Dec. 31, 2025
Guess Sud
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, carrying value at the beginning of the period		$ 3,700
Redeemable noncontrolling interest, carrying value at the end of the period				$ 3,700
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		$ 3,700		$ 3,700		$ 3,700
Remaining interest acquired by the Company from the noncontrolling interest holder (as a percent)	40.00%
Purchase of redeemable noncontrolling interest	$ (4,445)

Stockholders' Equity and Rede40

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Accumulated other comprehensive income (loss), net of tax
Beginning balance	$ (126,536)	$ (129,963)	$ (158,054)	$ (127,065)
Gains (losses) arising during the period	(9,856)	(9,091)	22,747	(10,360)
Reclassifications to net earnings for (gains) losses realized	(822)	(3,750)	(1,907)	(5,379)
Net other comprehensive income (loss)	(10,678)	(12,841)	20,840	(15,739)
Ending balance	(137,214)	(142,804)	(137,214)	(142,804)
Foreign Currency Translation Adjustment
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(115,021)	(121,908)	(157,652)	(121,569)
Gains (losses) arising during the period	(14,497)	(20,697)	28,134	(21,036)
Reclassifications to net earnings for (gains) losses realized	0	0	0	0
Net other comprehensive income (loss)	(14,497)	(20,697)	28,134	(21,036)
Ending balance	(129,518)	(142,605)	(129,518)	(142,605)
Derivative Financial Instruments Designated as Cash Flow Hedges
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(3,773)	4,296	7,252	7,157
Gains (losses) arising during the period	4,617	4,584	(5,263)	3,658
Reclassifications to net earnings for (gains) losses realized	(881)	(3,012)	(2,026)	(4,947)
Net other comprehensive income (loss)	3,736	1,572	(7,289)	(1,289)
Ending balance	(37)	5,868	(37)	5,868
Marketable Securities
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(14)	(7)	(15)	(3)
Gains (losses) arising during the period	(2)	(4)	(1)	(8)
Reclassifications to net earnings for (gains) losses realized	0	0	0	0
Net other comprehensive income (loss)	(2)	(4)	(1)	(8)
Ending balance	(16)	(11)	(16)	(11)
Defined Benefit Plans
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(7,728)	(12,344)	(7,639)	(12,650)
Gains (losses) arising during the period	26	7,026	(123)	7,026
Reclassifications to net earnings for (gains) losses realized	59	(738)	119	(432)
Net other comprehensive income (loss)	85	6,288	(4)	6,594
Ending balance	$ (7,643)	$ (6,056)	$ (7,643)	$ (6,056)

Stockholders' Equity and Rede41

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 4) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Cost of product sales		$ 359,327	$ 348,147	$ 665,383	$ 661,486
Other income/expense		(27,390)	(3,708)	(26,292)	(6,334)
Interest expense		458	729	978	1,164
Income tax expense		10,593	10,940	5,802	13,769
Net earnings attributable to Guess, Inc.		(32,269)	(18,289)	(7,091)	(21,630)
Reclassifications to net earnings for (gains) losses realized		(822)	(3,750)	(1,907)	(5,379)
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.		(822)	(3,750)	(1,907)	(5,379)
Derivative Financial Instruments Designated as Cash Flow Hedges
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Reclassifications to net earnings for (gains) losses realized		(881)	(3,012)	(2,026)	(4,947)
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		(1,141)	(3,193)	(2,576)	(4,943)
Other income/expense		(49)	(330)	(81)	(816)
Interest expense		59	0	110	0
Income tax expense		250	511	521	812
Net earnings attributable to Guess, Inc.		(881)	(3,012)	(2,026)	(4,947)
Defined Benefit Plans
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Income tax expense		(19)	522	(38)	373
Reclassifications to net earnings for (gains) losses realized		59	(738)	119	(432)
Actuarial Loss Amortization
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Reclassifications out of AOCI related to defined benefit plans	[1]	85	430	171	943
Prior Service Credit Amortization
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Reclassifications out of AOCI related to defined benefit plans	[1]	(7)	(39)	(14)	(97)
Curtailment
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Reclassifications out of AOCI related to defined benefit plans	[1]	$ 0	$ (1,651)	$ 0	$ (1,651)
[1]	These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension (credit) cost. Refer to Note 13 for further information.

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	Jul. 30, 2016	Jan. 30, 2016
Accounts receivable
Accounts receivable, gross	$ 235,334	$ 255,908
Less allowances	34,074	33,549
Accounts receivable, net	201,260	222,359
Trade receivables
Accounts receivable
Accounts receivable, gross	213,348	222,972
Royalty receivables
Accounts receivable
Accounts receivable, gross	13,594	16,443
Other receivables
Accounts receivable
Accounts receivable, gross	$ 8,392	$ 16,493

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 30, 2016	Jan. 30, 2016
Inventory Disclosure [Abstract]
Raw materials	$ 1,445	$ 1,150
Work in progress	134	92
Finished goods	378,169	310,462
Inventories	379,748	311,704
Allowance to write down inventories to the lower of cost or market	$ 19,600	$ 15,900

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 30, 2016	Apr. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Restructuring reserve activity
Charges to operations	$ 0		$ 0	$ 6,083	$ 0
Severance
Restructuring reserve activity
Beginning balance	5,146	$ 0		0
Charges to operations	0			6,083
Cash payments	(3,906)			(4,836)
Foreign currency and other adjustments	(109)			(116)
Ending balance	1,131	5,146		1,131
Accrued expenses
Restructuring activity
Restructuring reserve included in accrued expenses	$ 1,131			1,131
Europe
Restructuring activity
Estimated exit tax charge		$ 1,900		$ 1,900

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)	45.30%	38.00%
Aggregate accruals for uncertain tax positions, including penalties and interest	$ 17.4		$ 13.9

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2016USD ($)	Aug. 01, 2015USD ($)	Jul. 30, 2016USD ($)segment	Aug. 01, 2015USD ($)
Segment information of net revenue and earnings (loss) from operations
Number of reportable segments | segment			5
Number of operating segments | segment			5
Net revenue	$ 544,959	$ 546,264	$ 993,774	$ 1,025,088
Licensing	21,951	25,327	44,298	51,192
Restructuring charges	0	0	(6,083)	0
Earnings (loss) from operations	15,577	26,201	(13,401)	30,554
Corporate Overhead
Segment information of net revenue and earnings (loss) from operations
Earnings (loss) from operations	(21,368)	(25,403)	(42,934)	(44,558)
Restructuring charges
Segment information of net revenue and earnings (loss) from operations
Restructuring charges	0	0	(6,083)	0
Americas Retail
Segment information of net revenue and earnings (loss) from operations
Net revenue	226,550	232,456	430,711	446,705
Earnings (loss) from operations	(1,614)	5,244	(14,215)	(1,965)
Europe
Segment information of net revenue and earnings (loss) from operations
Net revenue	213,467	199,375	348,847	336,772
Earnings (loss) from operations	19,033	18,186	4,948	14,518
Asia
Segment information of net revenue and earnings (loss) from operations
Net revenue	53,247	56,745	107,376	120,780
Earnings (loss) from operations	(3,546)	887	(4,215)	5,500
Americas Wholesale
Segment information of net revenue and earnings (loss) from operations
Net revenue	29,744	32,361	62,542	69,639
Earnings (loss) from operations	3,339	4,872	8,950	11,619
Licensing
Segment information of net revenue and earnings (loss) from operations
Licensing	21,951	25,327	44,298	51,192
Earnings (loss) from operations	$ 19,733	$ 22,415	$ 40,148	$ 45,440

Borrowings and Capital Lease 47

Borrowings and Capital Lease Obligations (Details)	May 01, 2016	Feb. 16, 2016USD ($)	Feb. 01, 2016	Jun. 23, 2015USD ($)	Jul. 30, 2016USD ($)facility	Jan. 30, 2016USD ($)
Borrowings and capital lease obligations
Mortgage debt, maturing monthly through January 2026					$ 21,162,000	$ 0
European capital lease, matured quarterly through May 2016					0	4,024,000
Other debt					3,032,000	2,318,000
Borrowings and capital lease obligations, total					24,194,000	6,342,000
Less current installments					555,000	4,024,000
Long-term debt					23,639,000	2,318,000
Mortgage Debt
Mortgage debt, maturing monthly through January 2026					$ 21,162,000	$ 0
Interest rate swap | Derivatives designated as hedging instruments | Cash flow hedges
Borrowings and capital lease obligations
Fixed rate of interest rate swap					3.06%
Interest rate swap maturity date					Jan. 31, 2026
Europe | Foreign line of credit
Credit Facilities
Current borrowing capacity					$ 75,800,000
Credit Facility, outstanding amount					$ 0
Interest rate, low end of the range (as a percent)					0.40%
Interest rate, high end of the range (as a percent)					6.80%
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					$ 39,100,000
Europe | Documentary letters of credit | Foreign line of credit
Credit Facilities
Letters of credit outstanding					1,400,000
Mortgage debt | U.S. distribution center
Borrowings and capital lease obligations
Mortgage debt, maturing monthly through January 2026		$ 21,500,000			$ 21,162,000
Debt maturity period (in years)		10 years
Mortgage Debt
Debt maturity date					Jan. 31, 2026
Mortgage debt, maturing monthly through January 2026		$ 21,500,000			$ 21,162,000
Security description for mortgage debt					secured by the Company’s U.S. distribution center based in Louisville, Kentucky
Debt amortization period (in years)		25 years
Debt issuance costs					$ 100,000
Mortgage debt | LIBOR | U.S. distribution center
Borrowings and capital lease obligations
Interest rate margin (as a percent)					1.50%
Mortgage debt | Interest rate swap | U.S. distribution center
Mortgage Debt
Fair value of cash flow hedge interest rate swap					$ 706,000
Mortgage debt | Interest rate swap | Derivatives designated as hedging instruments | Cash flow hedges | U.S. distribution center
Borrowings and capital lease obligations
Fixed rate of interest rate swap		3.06%			3.06%
Interest rate swap maturity date					Jan. 31, 2026
Credit Facility
Credit Facilities
Credit Facility, outstanding amount					$ 0
Credit Facility | Revolving Credit Facility
Borrowings and capital lease obligations
Debt maturity period (in years)				5 years
Credit Facilities
Maximum borrowing capacity				$ 150,000,000	150,000,000
Current borrowing capacity					$ 148,000,000
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 | Accordion feature
Credit Facilities
Maximum borrowing capacity				150,000,000	$ 150,000,000
Credit Facility | U.S. line of credit | Base rate | Minimum
Borrowings and capital lease obligations
Interest rate margin (as a percent)					0.25%
Credit Facility | U.S. line of credit | Base rate | Maximum
Borrowings and capital lease obligations
Interest rate margin (as a percent)					0.75%
Credit Facility | U.S. line of credit | LIBOR
Credit Facilities
Interest rate margin added to respective base rate					1.00%
Credit Facility | U.S. line of credit | LIBOR | Minimum
Borrowings and capital lease obligations
Interest rate margin (as a percent)					1.25%
Credit Facility | U.S. line of credit | LIBOR | Maximum
Borrowings and capital lease obligations
Interest rate margin (as a percent)					1.75%
Credit Facility | U.S. line of credit | Federal funds rate
Credit Facilities
Interest rate margin added to respective base rate					0.50%
Credit Facility | Standby letters of credit
Credit Facilities
Letters of credit outstanding					$ 700,000
Credit Facility | Documentary letters of credit
Credit Facilities
Letters of credit outstanding					1,300,000
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
Borrowings and capital lease obligations
Interest rate margin (as a percent)					0.25%
Credit Facility | Canada | Foreign line of credit | Prime rate | Maximum
Borrowings and capital lease obligations
Interest rate margin (as a percent)					0.75%
Credit Facility | Canada | Foreign line of credit | Canadian BA rate
Credit Facilities
Interest rate margin added to respective base rate					1.00%
Credit Facility | Canada | Foreign line of credit | Canadian BA rate | Minimum
Borrowings and capital lease obligations
Interest rate margin (as a percent)					1.25%
Credit Facility | Canada | Foreign line of credit | Canadian BA rate | Maximum
Borrowings and capital lease obligations
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 added to respective base rate					0.50%
European capital lease, matured quarterly through May 2016 | Italy
Capital Lease
Lease expiration date	May 1, 2016
European capital lease, matured quarterly through May 2016 | Italy | Interest rate swap | Derivatives not designated as hedging instruments
Borrowings and capital lease obligations
Fixed rate of interest rate swap			3.55%
Interest rate swap maturity date			Feb. 1, 2016

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 29, 2016	Mar. 30, 2016	Jul. 07, 2015	Apr. 02, 2015	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 4,817	$ 4,440	$ 9,049	$ 8,052
Share-Based Compensation, Additional Disclosures
Unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested stock options					4,600		$ 4,600
Weighted average fair values of stock options granted during the period (in dollars per share)							$ 3.55	$ 3.71
Granted (in shares)		616,450		577,700
Chief Executive Officer
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					49	51	$ 91	$ 95
Stock options
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 622	439	$ 1,134	920
Share-Based Compensation, Additional Disclosures
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)					1 year 10 months 10 days		1 year 10 months 10 days
Stock awards or units
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 4,146	$ 3,950	$ 7,824	$ 7,037
Share-Based Compensation, Additional Disclosures
Unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested stock awards/units					$ 27,600		$ 27,600
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)					1 year 10 months 10 days		1 year 10 months 10 days
Number of Units
Granted (in shares)		442,000		401,700
Stock awards or units | Chief Executive Officer
Number of Units
Granted (in shares)			250,000
Performance-based or market-based units
Number of Units
Granted (in shares)	602,816
Contingently returnable restricted stock units | Chief Executive Officer
Number of Units
Granted (in shares)			150,000
Performance-based units
Number of Units
Nonvested at the beginning of the period (in shares)							580,000
Granted (in shares)							462,359
Vested (in shares)							(241,922)
Forfeited (in shares)							0
Nonvested at the end of the period (in shares)					800,437		800,437
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)							$ 22.65
Granted (in dollars per share)							18.35
Vested (in dollars per share)							25.98
Forfeited (in dollars per share)							0
Nonvested at the end of the period (in dollars per share)					$ 19.16		$ 19.16
Performance units
Share-Based Compensation, Additional Disclosures
Period which award is subject to a performance condition (in years)							1 year
Performance units | Vesting, Tranche One
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							1 year
Performance units | Vesting, annual vesting periods after initial vesting period | Minimum
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							2 years
Performance units | Vesting, annual vesting periods after initial vesting period | Maximum
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							3 years
Target performance units
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							3 years
Target performance units | Minimum
Share-Based Compensation, Additional Disclosures
Period which award is subject to a performance condition (in years)							1 year
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)							0.00%
Target performance units | Maximum
Share-Based Compensation, Additional Disclosures
Period which award is subject to a performance condition (in years)							3 years
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)							200.00%
Market-based units
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							3 years
Period which award is subject to a market condition (in years)							3 years
Number of Units
Nonvested at the beginning of the period (in shares)							183,368
Granted (in shares)							140,457
Vested (in shares)							0
Forfeited (in shares)							0
Nonvested at the end of the period (in shares)					323,825		323,825
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)							$ 17.72
Granted (in dollars per share)							15.20
Vested (in dollars per share)							0
Forfeited (in dollars per share)							0
Nonvested at the end of the period (in dollars per share)					$ 16.63		$ 16.63
Market-based units | Minimum
Share-Based Compensation, Additional Disclosures
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)							0.00%
Market-based units | Maximum
Share-Based Compensation, Additional Disclosures
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)							150.00%

Related Party Transactions (Det

Related Party Transactions (Details) ft² in Thousands, $ in Millions	3 Months Ended	6 Months Ended
	Jan. 30, 2016USD ($)ft²	Jul. 30, 2016USD ($)ft²lease	Aug. 01, 2015USD ($)
Marciano Trusts
Related Party Transactions
Number of leases under related party lease agreements | lease		4
Marciano Trusts | Parking lot adjacent to corporate headquarters
Related Party Transactions
Area of leased property (in square feet) | ft²	140	140
Gross cash proceeds received from sales-leaseback transaction		$ 7.5
Sale price of sales-leaseback transaction	$ 7.5
Marciano Trusts | Parking lot adjacent to corporate headquarters | Other income/expense
Related Party Transactions
Net gains recognized in other income from sales-leaseback transaction	$ 3.4
Marciano Trusts | Related party leases
Related Party Transactions
Expenses under related party arrangement		$ 2.5	$ 2.7
Marciano Trusts | Minimum
Related Party Transactions
Lease expiration date (by year)		2,017
Marciano Trusts | Maximum
Related Party Transactions
Lease expiration date (by year)		2,020
MPM Financial LLC | Payments for aircraft charter
Related Party Transactions
Payments under related party agreement		$ 0.5	$ 0.3

Commitments and Contingencies (

Commitments and Contingencies (Details) - 6 months ended Jul. 30, 2016 € in Millions, $ in Millions	USD ($)	EUR (€)
Investment commitments
Unfunded commitment to invest in private equity fund	$ 5.6	€ 5
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 location leases	5.00%
Retail store leases | Maximum
Leases
Percentage of annual sales volume used for incremental rent on certain retail location leases	12.00%
Retail concession leases | Average
Leases
Percentage of annual sales volume used for incremental rent on certain retail location leases	34.00%
Equipment operating leases | Maximum
Leases
Lease expiration date	Jul. 31, 2021

Commitments and Contingencies51

Commitments and Contingencies (Details 2) $ in Thousands, € in Millions	Nov. 08, 2013USD ($)	Jul. 19, 2012USD ($)	Feb. 29, 2016USD ($)Plaintiff	May 31, 2015USD ($)	May 31, 2015EUR (€)	Jul. 30, 2016USD ($)subsidiary	Jul. 30, 2016EUR (€)subsidiary	Jul. 30, 2016EUR (€)	Jan. 30, 2015trademark	May 02, 2013trademark
Italy | Europe | Customs tax audit and appeals
Loss contingency
Number of subsidiaries under audit by the Italian Customs Agency | subsidiary						1	1
Customs tax assessments including potential penalties and interest						$ 11,000		€ 9.8
Italy | Minimum | Europe | Customs tax audit and appeals
Loss contingency
Period under audit by the Italian Customs Agency						Jul. 1, 2010	Jul. 1, 2010
Italy | Maximum | Europe | Customs tax audit and appeals
Loss contingency
Period under audit by the Italian Customs Agency						Dec. 31, 2012	Dec. 31, 2012
Italy | First set of appeals | Europe | Customs tax audit and appeals
Loss contingency
Canceled customs tax assessments				$ 1,900	€ 1.7
Italy | First set of appeals | Minimum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments				Jul. 1, 2010	Jul. 1, 2010
Italy | First set of appeals | Maximum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments				Sep. 30, 2010	Sep. 30, 2010
Italy | Second, third and fourth set of appeals | Minimum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments						Oct. 1, 2010	Oct. 1, 2010
Italy | Second, third and fourth set of appeals | Maximum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments						Jun. 30, 2011	Jun. 30, 2011
Italy | Sixth set of appeals | Minimum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments						Jan. 1, 2012	Jan. 1, 2012
Italy | Sixth set of appeals | Maximum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments						Jun. 30, 2012	Jun. 30, 2012
Italy | Portion of the seventh set of appeals | Minimum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments						Aug. 1, 2012	Aug. 1, 2012
Italy | Portion of the seventh set of appeals | Maximum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments						Dec. 31, 2012	Dec. 31, 2012
Italy | Second, third, fourth, sixth and a portion of the seventh set of appeals | Europe | Customs tax audit and appeals
Loss contingency
Canceled customs tax assessments						$ 6,700	€ 6
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
Judicial ruling | 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						6 Months Ended				12 Months Ended
	Jul. 30, 2016USD ($)participant	Jul. 30, 2016CHF (SFr)	Apr. 30, 2016USD ($)	Aug. 01, 2015USD ($)	Aug. 01, 2015CHF (SFr)	May 02, 2015USD ($)	Jul. 30, 2016USD ($)participant	Jul. 30, 2016CHF (SFr)	Aug. 01, 2015USD ($)	Aug. 01, 2015CHF (SFr)	Jan. 30, 2016USD ($)	Jul. 30, 2016CHF (SFr)participant	Jan. 30, 2016CHF (SFr)
Components of net periodic defined benefit pension (credit) cost
Actuarial gain	$ 0			$ 11,378			$ 0		$ 11,378
SERP
Components of net periodic defined benefit pension (credit) cost
Interest cost	460			495			920		991
Net amortization of unrecognized prior service credit	0			(39)			0		(97)
Net amortization of actuarial losses	38			290			77		718
Curtailment gain	0			(1,651)			0		(1,651)
Net periodic defined benefit pension (credit) cost	$ 498			(905)			$ 997		(39)
Number of employees considered actively participating under the terms of the SERP | participant	0						0					0
SERP benefit payments	$ 400			400			$ 800		800
SERP | Executive Chairman of the Board and Chief Creative Officer
Components of net periodic defined benefit pension (credit) cost
Curtailment gain				(1,651)							$ (1,651)
Actuarial gain				11,378							11,378
Swiss Pension Plan | Switzerland
Components of net periodic defined benefit pension (credit) cost
Net periodic defined benefit pension (credit) cost	400	SFr 0.4		500	SFr 0.4		800	SFr 0.8	900	SFr 0.9
Projected benefit obligation	16,500						16,500				15,200	SFr 16	SFr 15.6
Plan assets at fair value	13,900						13,900				12,700	13.4	13
Other income/expense | SERP
Components of net periodic defined benefit pension (credit) cost
Gains (losses) as a result of changes in value of the insurance policy investments, included in other income and expense	1,900			$ (300)			5,100		1,600
Realized gain resulting from payout on insurance policy investments			$ 100			$ 700	100		$ 700
Other assets | SERP
Components of net periodic defined benefit pension (credit) cost
Cash surrender values of the insurance policies held in a rabbi trust	57,700						57,700				52,500
Accrued expenses and other long-term liabilities | SERP
Components of net periodic defined benefit pension (credit) cost
Projected benefit obligation	53,500						53,500				53,400
Other long-term liabilities | Swiss Pension Plan | Switzerland
Components of net periodic defined benefit pension (credit) cost
Net liability	$ 2,600						$ 2,600				$ 2,500	SFr 2.6	SFr 2.6

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jul. 30, 2016	Jan. 30, 2016
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	2,933,000	9,797,000
Available-for-sale securities	13,000	17,000
Total Assets	2,946,000	9,814,000
Liabilities:
Foreign exchange currency contracts, Liabilities	3,834,000	366,000
Interest rate swaps	706,000	37,000
Deferred compensation obligations	11,862,000	10,155,000
Total Liabilities	16,402,000	10,558,000
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	13,000	17,000
Total Assets	13,000	17,000
Liabilities:
Foreign exchange currency contracts, Liabilities	0	0
Interest rate swaps	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	2,933,000	9,797,000
Available-for-sale securities	0	0
Total Assets	2,933,000	9,797,000
Liabilities:
Foreign exchange currency contracts, Liabilities	3,834,000	366,000
Interest rate swaps	706,000	37,000
Deferred compensation obligations	11,862,000	10,155,000
Total Liabilities	16,402,000	10,558,000
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 swaps	0	0
Deferred compensation obligations	0	0
Total Liabilities	$ 0	$ 0

Fair Value Measurements (Deta54

Fair Value Measurements (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Asset impairment charge
Period of time new retail locations in penetrated markets would need to be opened to be considered for impairment			1 year
Selling, general and administrative expenses | North America and Europe | Retail locations
Asset impairment charge
Impairment charges	$ 0.5	$ 0.7	$ 0.7	$ 1.8

Derivative Financial Instrume55

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jul. 30, 2016	Jan. 30, 2016
ASSETS:
Derivatives, assets	$ 2,933	$ 9,797
LIABILITIES:
Derivatives, liabilities	4,540	403
Derivatives designated as hedging instruments
LIABILITIES:
Derivatives, liabilities	2,742	47
Derivatives designated as hedging instruments | Foreign exchange currency contracts | Other current assets/Other assets | Cash flow hedges
ASSETS:
Derivatives, assets	2,002	7,491
Derivatives designated as hedging instruments | Foreign exchange currency contracts | Accrued expenses/Other long-term liabilities | Cash flow hedges
LIABILITIES:
Derivatives, liabilities	2,036	47
Derivatives designated as hedging instruments | Interest rate swap | Other long-term liabilities | Cash flow hedges
LIABILITIES:
Derivatives, liabilities	706	0
Derivatives not designated as hedging instruments
LIABILITIES:
Derivatives, liabilities	1,798	356
Derivatives not designated as hedging instruments | Foreign exchange currency contracts | Other current assets
ASSETS:
Derivatives, assets	931	2,306
Derivatives not designated as hedging instruments | Foreign exchange currency contracts | Accrued expenses
LIABILITIES:
Derivatives, liabilities	1,798	319
Derivatives not designated as hedging instruments | Interest rate swap | Accrued expenses
LIABILITIES:
Derivatives, liabilities	$ 0	$ 37

Derivative Financial Instrume56

Derivative Financial Instruments (Details 2) - USD ($) $ in Thousands	6 Months Ended
	Jul. 30, 2016	Apr. 30, 2016	Jan. 30, 2016	Aug. 01, 2015	May 02, 2015	Jan. 31, 2015
Forward contracts designated as hedging instruments
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ (37)	$ (3,773)	$ 7,252	$ 5,868	$ 4,296	$ 7,157
Foreign exchange currency cash flow hedge unrealized gain to be recognized in cost of product sales or other income over the following 12 months	400
Interest rate swap cash flow hedge unrealized loss to be recognized in interest expense after the following 12 months	$ (400)
Cash flow hedges | Europe | Derivatives designated as hedging instruments
Forward contracts designated as hedging instruments
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	17 months
Cash flow hedges | Canada | Derivatives designated as hedging instruments
Forward contracts designated as hedging instruments
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	17 months
Foreign exchange currency contracts
Forward contracts designated as hedging instruments
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ 400
Foreign exchange currency contracts | Cash flow hedges | Europe | Derivatives designated as hedging instruments
Forward contracts designated as hedging instruments
U.S. dollar forward contracts purchased, total notional amount	46,700
Notional amount of derivative outstanding	106,400		106,300
Foreign exchange currency contracts | Cash flow hedges | Canada | Derivatives designated as hedging instruments
Forward contracts designated as hedging instruments
U.S. dollar forward contracts purchased, total notional amount	35,900
Notional amount of derivative outstanding	60,600		$ 48,200
Interest rate swap
Forward contracts designated as hedging instruments
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	(400)
Interest rate swap | Cash flow hedges | Derivatives designated as hedging instruments
Forward contracts designated as hedging instruments
Notional amount of derivative outstanding	$ 21,500
Fixed rate of interest rate swap designated as a cash flow hedge (as a percent)	3.06%
Derivate maturity date	Jan. 31, 2026

Derivative Financial Instrume57

Derivative Financial Instruments (Details 3) - USD ($)		3 Months Ended		6 Months Ended
		Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Amount of ineffectiveness recognized in net earnings on interest rate swap		$ 0		$ 0
Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
Beginning balance gain (loss)		(3,773,000)	$ 4,296,000	7,252,000	$ 7,157,000
Net gains (losses) from changes in cash flow hedges		4,617,000	4,584,000	(5,263,000)	3,658,000
Net gains reclassified to earnings		(881,000)	(3,012,000)	(2,026,000)	(4,947,000)
Ending balance gain (loss)		(37,000)	5,868,000	(37,000)	5,868,000
Cost of product sales
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain (loss) recognized in OCI on foreign exchange currency contracts		5,762,000	5,343,000	(5,650,000)	4,196,000
Gain reclassified from accumulated OCI into earnings on foreign exchange currency contracts	[1]	1,141,000	3,193,000	2,576,000	4,943,000
Other income/expense
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain (loss) recognized in OCI on foreign exchange currency contracts		343,000	378,000	(356,000)	230,000
Gain reclassified from accumulated OCI into earnings on foreign exchange currency contracts	[1]	49,000	330,000	81,000	816,000
Interest expense
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Loss recognized in OCI on interest rate swap		(685,000)	0	(817,000)	0
Loss reclassified from accumulated OCI into earnings on interest rate swap	[1]	(59,000)	$ 0	(110,000)	$ 0
Interest income
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Amount of ineffectiveness recognized in net earnings on foreign exchange currency contracts		$ 100,000		$ 500,000
[1]	The Company recognized gains of $0.1 million and $0.5 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three and six months ended July 30, 2016, respectively. The ineffective portion related to foreign exchange currency contracts was immaterial during the three and six months ended August 1, 2015. There was no ineffectiveness recognized related to the interest rate swap during the three and six months ended July 30, 2016.

Derivative Financial Instrume58

Derivative Financial Instruments (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016
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)			9 months
Foreign exchange currency contracts | Other income/expense
Derivative instruments not designated as hedging instruments
Gain (loss) on derivatives not designated as hedging instruments recognized in earnings before taxes	$ 2,885	$ 2,860	$ (3,144)	$ 2,159
Foreign exchange currency contracts | Derivatives not designated as hedging instruments | Euro
Derivative instruments not designated as hedging instruments
U.S. dollar forward contracts outstanding	66,200		66,200		$ 54,800
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	20,400		20,400		$ 25,800
Interest rate swap | Other income/expense
Derivative instruments not designated as hedging instruments
Gain (loss) on derivatives not designated as hedging instruments recognized in earnings before taxes	$ 0	$ 47	$ 38	$ 96

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Aug. 24, 2016	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Subsequent Events
Cash dividend announced on common stock (in dollars per share)		$ 0.225	$ 0.225	$ 0.45	$ 0.45
Subsequent Events
Subsequent Events
Cash dividend announced on common stock (in dollars per share)	$ 0.225
Payment date of cash dividend	Sep. 23, 2016
Record date of cash dividend	Sep. 7, 2016