Guess' (GES) 10-Q 1 Sep 17 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 29, 2017	Aug. 29, 2017
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. 29, 2017
Amendment Flag	false
Current Fiscal Year End Date	--02-03
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		83,267,240
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017
Current assets:
Cash and cash equivalents	$ 316,543	$ 396,129
Accounts receivable, net	233,635	225,537
Inventories	436,044	367,381
Other current assets	61,208	54,965
Total current assets	1,047,430	1,044,012
Property and equipment, net	275,417	243,005
Goodwill	36,415	34,100
Other intangible assets, net	6,330	6,504
Deferred tax assets	85,138	82,793
Restricted cash	1,258	1,521
Other assets	125,219	122,550
Total assets	1,577,207	1,534,485
Current liabilities:
Current portion of capital lease obligations and borrowings	2,033	566
Accounts payable	229,527	209,616
Accrued expenses	145,101	135,271
Total current liabilities	376,661	345,453
Long-term debt and capital lease obligations	39,214	23,482
Deferred rent and lease incentives	83,556	80,209
Other long-term liabilities	101,697	99,895
Total liabilities	601,128	549,039
Redeemable noncontrolling interests	5,433	4,452
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 141,165,634 and 140,509,974 shares, outstanding 83,270,997 and 84,069,492 shares, as of July 29, 2017 and January 28, 2017, respectively	833	841
Paid-in capital	488,334	480,435
Retained earnings	1,170,816	1,215,079
Accumulated other comprehensive loss	(120,909)	(161,389)
Treasury stock, 57,894,637 and 56,440,482 shares as of July 29, 2017 and January 28, 2017, respectively	(583,259)	(565,744)
Guess, Inc. stockholders’ equity	955,815	969,222
Nonredeemable noncontrolling interests	14,831	11,772
Total stockholders’ equity	970,646	980,994
Total liabilities and stockholders' equity	$ 1,577,207	$ 1,534,485

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 29, 2017	Jan. 28, 2017
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	141,165,634	140,509,974
Common stock, shares outstanding	83,270,997	84,069,492
Treasury stock, shares	57,894,637	56,440,482

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Income Statement [Abstract]
Product sales	$ 551,794	$ 523,008	$ 990,114	$ 949,476
Net royalties	21,898	21,951	42,159	44,298
Net revenue	573,692	544,959	1,032,273	993,774
Cost of product sales	375,665	359,327	689,604	665,383
Gross profit	198,027	185,632	342,669	328,391
Selling, general and administrative expenses	173,546	169,553	340,945	335,054
Asset impairment charges	1,233	502	3,995	655
Restructuring charges	0	0	0	6,083
Earnings (loss) from operations	23,248	15,577	(2,271)	(13,401)
Other income (expense):
Interest expense	(544)	(458)	(958)	(978)
Interest income	1,260	251	2,131	902
Other income (expense), net	(1,630)	27,390	802	26,292
Total other income (expense)	(914)	27,183	1,975	26,216
Earnings (loss) before income tax expense	22,334	42,760	(296)	12,815
Income tax expense	6,453	10,593	5,050	5,802
Net earnings (loss)	15,881	32,167	(5,346)	7,013
Net earnings (loss) attributable to noncontrolling interests	662	(102)	728	(78)
Net earnings (loss) attributable to Guess, Inc.	$ 15,219	$ 32,269	$ (6,074)	$ 7,091
Net earnings (loss) per common share attributable to common stockholders (Note 2):
Basic (in dollars per share)	$ 0.18	$ 0.38	$ (0.08)	$ 0.08
Diluted (in dollars per share)	$ 0.18	$ 0.38	$ (0.08)	$ 0.08
Weighted average common shares outstanding attributable to common stockholders (Note 2):
Basic (in shares)	82,396	83,621	82,703	83,567
Diluted (in shares)	82,763	83,863	82,703	83,809
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. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 15,881	$ 32,167	$ (5,346)	$ 7,013
Foreign currency translation adjustment
Gains (losses) arising during the period	44,037	(15,722)	56,872	27,430
Derivative financial instruments designated as cash flow hedges
Gains (losses) arising during the period	(15,535)	5,420	(15,089)	(6,823)
Less income tax effect	2,442	(803)	2,120	1,560
Reclassification to net earnings (loss) for gains realized	(649)	(1,131)	(1,310)	(2,547)
Less income tax effect	43	250	128	521
Marketable securities
Losses arising during the period	0	(5)	0	(4)
Less income tax effect	0	3	0	3
Defined benefit plans
Foreign currency and other adjustments	(90)	28	(104)	(136)
Less income tax effect	8	(2)	9	13
Net actuarial loss amortization	111	85	228	171
Prior service credit amortization	(6)	(7)	(13)	(14)
Less income tax effect	(20)	(19)	(41)	(38)
Total comprehensive income	46,222	20,264	37,454	27,149
Less comprehensive income (loss) attributable to noncontrolling interests:
Net earnings (loss)	662	(102)	728	(78)
Foreign currency translation adjustment	958	(1,225)	2,320	(704)
Amounts attributable to noncontrolling interests	1,620	(1,327)	3,048	(782)
Comprehensive income attributable to Guess, Inc.	$ 44,602	$ 21,591	$ 34,406	$ 27,931

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Cash flows from operating activities:
Net earnings (loss)	$ 15,881	$ 32,167	$ (5,346)	$ 7,013	$ 25,398
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:
Depreciation and amortization of property and equipment			29,802	33,105
Amortization of intangible assets			783	944
Share-based compensation expense			8,150	9,049
Unrealized forward contract losses			5,063	1,181
Net (gain) loss on disposition of property and equipment and long-term assets			3,717	(21,374)
Other items, net			(5,734)	(1,082)
Changes in operating assets and liabilities:
Accounts receivable			4,246	18,873
Inventories			(47,419)	(61,357)
Prepaid expenses and other assets			(2,606)	(6,516)
Accounts payable and accrued expenses			3,158	2,281
Deferred rent and lease incentives			1,657	1,183
Other long-term liabilities			(5,136)	(706)
Net cash used in operating activities			(9,665)	(17,406)
Cash flows from investing activities:
Purchases of property and equipment			(39,591)	(44,223)
Proceeds from sale of long-term assets			0	43,399
Changes in other assets			(553)	0
Acquisition of businesses, net of cash acquired			(175)	(372)
Net cash settlement of forward contracts			1,279	357
Purchases of investments			(497)	0
Net cash used in investing activities			(39,537)	(839)
Cash flows from financing activities:
Payment of debt issuance costs			0	(111)
Proceeds from borrowings			166	21,500
Repayment of borrowings and capital lease obligations			(453)	(4,468)
Dividends paid			(37,790)	(38,383)
Purchase of redeemable noncontrolling interest			0	(4,445)
Noncontrolling interest capital contribution			962	2,157
Issuance of common stock, net of tax withholdings on vesting of stock awards			(149)	346
Purchase of treasury stock			(17,827)	0
Net cash used in financing activities			(55,091)	(23,404)
Effect of exchange rates on cash, cash equivalents and restricted cash			24,444	11,684
Net change in cash, cash equivalents and restricted cash			(79,849)	(29,965)
Cash, cash equivalents and restricted cash at the beginning of the year			397,650	445,999	445,999
Cash, cash equivalents and restricted cash at the end of the period	$ 317,801	$ 416,034	317,801	416,034	$ 397,650
Supplemental cash flow data:
Interest paid			536	607
Income taxes paid			13,222	9,132
Non-cash investing and financing activity:
Assets acquired under capital lease obligations			$ 17,522	$ 0

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 29, 2017
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 29, 2017 and January 28, 2017 , the condensed consolidated statements of income (loss) and comprehensive income for the three and six months ended July 29, 2017 and July 30, 2016 and the condensed consolidated statements of cash flows for the six months ended July 29, 2017 and July 30, 2016 . 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 29, 2017 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 28, 2017 . The three and six months ended July 29, 2017 had the same number of days as the three and six months ended July 30, 2016 . All references herein to “fiscal 2018 ,” “fiscal 2017 ” and “fiscal 2016 ” represent the results of the 53 -week fiscal year ending February 3, 2018 and the 52 -week fiscal years ended January 28, 2017 and January 31, 2016 , 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 During the three months ended July 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 July 2015, the Financial Accounting Standards Board (“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 or net realizable value test. The Company adopted this guidance effective January 29, 2017 on a prospective basis. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. In March 2016, the FASB issued authoritative guidance to simplify the accounting for certain aspects of share-based compensation. This guidance addresses the accounting for income tax effects at award settlement, the use of an expected forfeiture rate to estimate award cancellations prior to the vesting date and the presentation of excess tax benefits and shares surrendered for tax withholdings on the statement of cash flows. The Company adopted this guidance effective January 29, 2017. This guidance requires all income tax effects of awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity . The Company adopted this provision prospectively and accordingly recorded tax shortfalls of approximately $0.1 million and $0.7 million , respectively, as an increase to the Company’s income tax expense in its condensed consolidated statement of income (loss) during the three and six months ended July 29, 2017 . This resulted in a negative impact on net earnings attributable to Guess?, Inc. of approximately $0.1 million , or a minimal per share impact during the three months ended July 29, 2017 and a negative impact on net loss attributable to Guess?, Inc. of approximately $0.7 million , or an unfavorable $0.01 per share impact during the six months ended July 29, 2017 . Under this guidance, excess tax benefits are also excluded from the assumed proceeds available to repurchase shares in the computation of diluted earnings (loss) per share. This was adopted prospectively and did not have a material impact on the Company’s diluted earnings (loss) per share for the three or six months ended July 29, 2017 . This guidance also eliminates the requirement to estimate forfeitures, but rather provides for an election that would allow entities to account for forfeitures as they occur. The Company adopted this election beginning in the first quarter of fiscal 2018 using the modified retrospective method and recorded a cumulative adjustment to reduce retained earnings by approximately $0.3 million . This guidance also changes the presentation of excess tax benefits from a financing activity to an operating activity in the statement of cash flows. This presentation was adopted on a retrospective basis and, as a result, net cash used in operating activities improved by $0.2 million with a corresponding offset to net cash used in financing activities during the six months ended July 30, 2016 . 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. The Company adopted this guidance effective January 29, 2017 on a retrospective basis. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. In October 2016, the FASB issued authoritative guidance that requires an entity to include indirect interests held through related parties that are under common control on a proportionate basis when evaluating if a reporting entity is the primary beneficiary of a variable interest entity. The Company adopted this guidance effective January 29, 2017. The adoption of this guidance did not have an impact on the Company’s condensed consolidated financial statements or related disclosures. In November 2016, the FASB issued authoritative guidance related to the presentation of restricted cash in the statement of cash flows. This guidance requires that the statement of cash flows reconcile the change during the period in total cash, cash equivalents and restricted cash. The Company’s restricted cash is generally held as collateral for certain transactions. The Company adopted this guidance effective January 29, 2017 on a retrospective basis. As a result, the Company updated its condensed consolidated statements of cash flows for the six months ended July 29, 2017 and July 30, 2016 to include restricted cash with cash and cash equivalents when reconciling the beginning and end of period balances and to eliminate changes in restricted cash that have historically been included within operating and investing activities. 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 is intended to clarify the principles of recognizing revenue and create common revenue recognition guidance between GAAP and International Financial Reporting Standards. The standard also requires expanded disclosures surrounding revenue recognition. During 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, with early adoption permitted. The Company plans to adopt this guidance using the modified retrospective method beginning in the first quarter of fiscal 2019. The Company’s assessment efforts to date have included reviewing current revenue processes, arrangements and accounting policies to identify potential differences that could arise from the application of this standard on its consolidated financial statements and related disclosures. Based on its current review, the more significant changes that the Company has identified relate to the classification and timing of when revenue is recognized from its licensing business, loyalty programs and gift card breakage. The Company also expects a change in the timing of revenue recognized when merchandise is shipped directly to a customer, as it is expected to be based on when control is transferred to the customer upon shipment, rather than at the time the risk of loss is transferred. The Company is continuing to evaluate the financial impact of the adoption of this standard on its consolidated financial statements and 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 adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures unless the Company acquires new equity investments. 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 material increase in its long-term assets and liabilities resulting from the adoption. 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 October 2016, the FASB issued authoritative guidance which amends the accounting for income taxes on intra-entity transfers of assets other than inventory. This guidance requires that entities recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. The income tax consequences on intra-entity transfers of inventory will continue to be deferred until the inventory has been sold to a third party. 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. Early adoption is permitted at the beginning of a fiscal year. 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 2017, the FASB issued authoritative guidance to simplify the testing for goodwill impairment by removing step two from the goodwill testing. Under current guidance, if the fair value of a reporting unit is lower than its carrying amount (step one), an entity would calculate an impairment charge by comparing the implied fair value of goodwill with its carrying amount (step two). The implied fair value of goodwill was calculated by deducting the fair value of the assets and liabilities of the respective reporting unit from the reporting unit’s fair value as determined under step one. This guidance instead provides that an impairment charge should be recognized based on the difference between a reporting unit’s fair value and its carrying value. This guidance also does not require a qualitative test to be performed on reporting units with zero or negative carrying amounts. However, entities need to disclose any reporting units with zero or negative carrying amounts that have goodwill and the amount of goodwill allocated to each. This guidance is effective for fiscal years beginning after December 15, 2019, which will be the Company’s first quarter of fiscal 2021, with early adoption permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In March 2017, the FASB issued authoritative guidance related to the presentation of net periodic pension cost in the income statement. This guidance requires that the service cost component of net periodic pension cost is presented in the same line as other compensation costs arising from services rendered by the employees during the period. The other components of net periodic pension cost are required to be presented in the income statement separately from the service cost component and outside of earnings from operations. This guidance also allows for the service cost component to be eligible for capitalization when applicable. 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 retrospective adoption for the presentation of the service cost component and other components of net periodic pension cost in the income statement and prospective adoption for capitalization of the service cost component. Early adoption is permitted at the beginning of a fiscal year. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures. In May 2017, the FASB issued authoritative guidance that provides clarification on accounting for modifications in share-based payment awards. 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 adoption of this guidance is not expected to have an impact on the Company’s consolidated financial statements or related disclosures unless there are modifications to the Company’s share-based payment awards. In August 2017, the FASB issued authoritative guidance to better align the results of hedge accounting with an entity’s risk management activities. This guidance updates the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This guidance is effective for fiscal years beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with early adoption permitted. The updated presentation and disclosure guidance is required only on a prospective basis. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Jul. 29, 2017
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share represents net earnings (loss) attributable to common stockholders divided by the weighted average number of common shares outstanding during the period. The Company considers any restricted stock units with forfeitable dividend rights that are issued and outstanding, but considered contingently returnable if certain service conditions are not met, as common equivalent shares outstanding. These restricted stock units are excluded from the weighted average number of common shares outstanding and basic earnings (loss) 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. The potentially dilutive impact of common equivalent shares outstanding are not included in the computation of diluted net loss per share as the impact of the shares would be antidilutive due to the net loss incurred for the period. 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, distributed and undistributed earnings attributable to nonvested restricted stockholders are excluded from net earnings (loss) attributable to common stockholders for purposes of calculating basic and diluted earnings (loss) per common share. However, net losses are not allocated to nonvested restricted stockholders because 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 (loss) per common share attributable to common stockholders is as follows (in thousands, except per share data): Three Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Net earnings (loss) attributable to Guess?, Inc. $ 15,219 $ 32,269 $ (6,074 ) $ 7,091 Less net earnings attributable to nonvested restricted stockholders 196 240 395 286 Net earnings (loss) attributable to common stockholders $ 15,023 $ 32,029 $ (6,469 ) $ 6,805 Weighted average common shares used in basic computations 82,396 83,621 82,703 83,567 Effect of dilutive securities: Stock options and restricted stock units (1) 367 242 — 242 Weighted average common shares used in diluted computations 82,763 83,863 82,703 83,809 Net earnings (loss) per common share attributable to common stockholders: Basic $ 0.18 $ 0.38 $ (0.08 ) $ 0.08 Diluted $ 0.18 $ 0.38 $ (0.08 ) $ 0.08 __________________________________ (1) For the six months ended July 29, 2017 , there were 192,438 potentially dilutive shares that were not included in the computation of diluted weighted average common shares and common equivalent shares outstanding because their effect would have been antidilutive given the Company’s net loss. For the three months ended July 29, 2017 and July 30, 2016 , equity awards granted for 4,522,618 and 3,426,266 , respectively, of the Company’s common shares and for the six months ended July 29, 2017 and July 30, 2016 , equity awards granted for 4,310,197 and 3,185,000 , 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 29, 2017 , the Company also excluded 1,145,080 nonvested stock units which are subject to the achievement of performance-based conditions from the computation of diluted weighted average common shares and common equivalent shares outstanding because these conditions were not achieved as of July 29, 2017 . For the three and six months ended July 30, 2016 , the Company excluded 602,816 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 July 30, 2016 . Share Repurchase Program On June 26, 2012, the Company’s Board of Directors authorized a program to repurchase, from time-to-time and as market and business conditions warrant, up to $ 500 million of the Company’s common stock. Repurchases under the program may be made on the open market or in privately negotiated transactions, pursuant to Rule 10b5-1 trading plans or other available means. There is no minimum or maximum number of shares to be repurchased under the program, which may be discontinued at any time, without prior notice. During the six months ended July 29, 2017 , the Company repurchased 1,485,195 shares under the program at an aggregate cost of $17.8 million . The shares were repurchased during the three months ended April 29, 2017. There were no share repurchases during the three and six months ended July 30, 2016 . As of July 29, 2017 , the Company had remaining authority under the program to purchase $ 430.5 million of its common stock.

Stockholders' Equity and Redeem

Stockholders' Equity and Redeemable Noncontrolling Interests	6 Months Ended
	Jul. 29, 2017
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 28, 2017 and six months ended July 29, 2017 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 30, 2016 83,833,937 56,195,000 $ 1,018,475 $ 12,818 $ 1,031,293 $ 5,252 Net earnings — — 22,761 2,637 25,398 — Foreign currency translation adjustment — — (575 ) (2,057 ) (2,632 ) 818 Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $864 — — (1,852 ) — (1,852 ) — Other-than-temporary-impairment and unrealized loss on marketable securities, net of income tax of ($6) — — 15 — 15 — Actuarial valuation loss and related amortization, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of $21 — — (923 ) — (923 ) — Issuance of common stock under stock compensation plans, net of tax effect 481,037 — (3,813 ) — (3,813 ) — Issuance of stock under Employee Stock Purchase Plan 44,486 (44,486 ) 558 — 558 — Share-based compensation — — 16,908 — 16,908 — Dividends — — (76,997 ) — (76,997 ) — Share repurchases (289,968 ) 289,968 (3,532 ) — (3,532 ) — Purchase of redeemable noncontrolling interest — — (1,133 ) 1,133 — (4,445 ) Noncontrolling interest capital contribution — — — — — 2,157 Noncontrolling interest capital distribution — — — (2,759 ) (2,759 ) — Redeemable noncontrolling interest redemption value adjustment — — (670 ) — (670 ) 670 Balance at January 28, 2017 84,069,492 56,440,482 $ 969,222 $ 11,772 $ 980,994 $ 4,452 Net earnings (loss) — — (6,074 ) 728 (5,346 ) — Foreign currency translation adjustment — — 54,552 2,320 56,872 30 Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $2,248 — — (14,151 ) — (14,151 ) — Actuarial valuation and prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of ($32) — — 79 — 79 — Issuance of common stock under stock compensation plans, net of tax effect 655,660 — (434 ) — (434 ) — Issuance of stock under Employee Stock Purchase Plan 31,040 (31,040 ) 285 — 285 — Share-based compensation — — 8,150 — 8,150 — Dividends — — (37,987 ) — (37,987 ) — Share repurchases (1,485,195 ) 1,485,195 (17,827 ) — (17,827 ) — Noncontrolling interest capital contribution — — — 11 11 951 Balance at July 29, 2017 83,270,997 57,894,637 $ 955,815 $ 14,831 $ 970,646 $ 5,433 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 29, 2017 and July 30, 2016 are as follows (in thousands): Three Months Ended Jul 29, 2017 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Defined Benefit Plans Total Balance at April 29, 2017 $ (146,754 ) $ 4,948 $ (8,486 ) $ (150,292 ) Gains (losses) arising during the period 43,079 (13,093 ) (82 ) 29,904 Reclassification to net earnings for (gains) losses realized — (606 ) 85 (521 ) Net other comprehensive income (loss) 43,079 (13,699 ) 3 29,383 Balance at July 29, 2017 $ (103,675 ) $ (8,751 ) $ (8,483 ) $ (120,909 ) Six Months Ended Jul 29, 2017 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Defined Benefit Plans Total Balance at January 28, 2017 $ (158,227 ) $ 5,400 $ (8,562 ) $ (161,389 ) Gains (losses) arising during the period 54,552 (12,969 ) (95 ) 41,488 Reclassification to net loss for (gains) losses realized — (1,182 ) 174 (1,008 ) Net other comprehensive income (loss) 54,552 (14,151 ) 79 40,480 Balance at July 29, 2017 $ (103,675 ) $ (8,751 ) $ (8,483 ) $ (120,909 ) 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 ) Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss) during the three and six months ended July 29, 2017 and July 30, 2016 are as follows (in thousands): Three Months Ended Six Months Ended Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings (Loss) Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Derivative financial instruments designated as cash flow hedges: Foreign exchange currency contracts $ (661 ) $ (1,141 ) $ (1,279 ) $ (2,576 ) Cost of product sales Foreign exchange currency contracts (14 ) (49 ) (93 ) (81 ) Other income/expense Interest rate swap 26 59 62 110 Interest expense Less income tax effect 43 250 128 521 Income tax expense (606 ) (881 ) (1,182 ) (2,026 ) Defined benefit plans: Actuarial loss amortization 111 85 228 171 (1) Prior service credit amortization (6 ) (7 ) (13 ) (14 ) (1) Less income tax effect (20 ) (19 ) (41 ) (38 ) Income tax expense 85 59 174 119 Total reclassifications during the period $ (521 ) $ (822 ) $ (1,008 ) $ (1,907 ) __________________________________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information. Redeemable Noncontrolling Interests The Company is party to a put arrangement with respect to the common securities that represent the remaining noncontrolling interest 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 fiscal 2017, 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 $1.7 million as of July 29, 2017 and January 28, 2017 , respectively. 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? CIS, LLC (“Guess CIS”), which was established through a majority-owned joint venture during fiscal 2016. The put arrangement for Guess CIS, representing 30% 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 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. During fiscal 2017, 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. During the six months ended July 29, 2017 , the Company and the noncontrolling interest holder made an additional capital contribution totaling $3.2 million , of which $2.2 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 carrying value of the redeemable noncontrolling interest related to Guess CIS was $3.8 million and $ 2.8 million as of July 29, 2017 and January 28, 2017 , 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. During fiscal 2017, the Company acquired the remaining 40% interest in Guess Sud for $4.4 million .

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jul. 29, 2017
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable is summarized as follows (in thousands): Jul 29, 2017 Jan 28, 2017 Trade $ 244,300 $ 234,690 Royalty 19,842 19,881 Other 7,681 5,888 271,823 260,459 Less allowances 38,188 34,922 $ 233,635 $ 225,537 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, credit card and retail concession receivables related to its retail businesses 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. 29, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): Jul 29, 2017 Jan 28, 2017 Raw materials $ 631 $ 799 Work in progress 79 78 Finished goods 435,334 366,504 $ 436,044 $ 367,381 The above balances include an allowance to write down inventories to the lower of cost or net realizable value of $ 24.8 million and $ 19.4 million as of July 29, 2017 and January 28, 2017 , respectively.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jul. 29, 2017
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. The restructuring charges were incurred during the three months ended April 30, 2016. There were no restructuring charges incurred during the three or six months ended July 29, 2017 related to this plan. The Company does not expect significant future cash-based severance charges to be incurred under this plan as the actions were completed during the first quarter of fiscal 2017. As of July 29, 2017 , there were no amounts included in accrued expenses related to these restructuring activities as the Company completed payments for the remaining anticipated costs during the six months ended July 29, 2017 . At January 28, 2017 , the Company had a balance of approximately $0.2 million in accrued expenses related to these restructuring activities. The following table summarizes restructuring activities related primarily to severance during the fiscal year ended January 28, 2017 and six months ended July 29, 2017 (in thousands): Total Balance at January 30, 2016 $ — Charges to operations 6,083 Cash payments (6,003 ) Foreign currency and other adjustments 100 Balance at January 28, 2017 $ 180 Cash payments (124 ) Foreign currency and other adjustments (56 ) Balance at July 29, 2017 $ — 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. 29, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense for the interim periods was computed using the tax rate estimated to be applicable for the full fiscal year, adjusted for discrete items. The Company’s effective income tax rate was negative 1,706.1% for the six months ended July 29, 2017 , compared to 45.3% for the six months ended July 30, 2016 . The de terioration in the effective income tax rate during the six months ended July 29, 2017 compared to the same prior-year period was due primarily to more losses incurred in certain foreign jurisdictions where the Company has valuation allowances, a shift in the distribution of earnings among the Company’s tax jurisdictions within the quarters of the current fiscal year and a lower tax rate on the gain from the sale of a minority interest investment during the same prior-year period. During the six months ended July 29, 2017 , the Company adopted authoritative guidance which requires all income tax effects of stock awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity . As a result, the Company recorded tax shortfalls of approximately $0.7 million as an increase to the Company’s income tax expense in its condensed consolidated statement of income (loss) during the six months ended July 29, 2017 . 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 29, 2017 , 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, will 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 $ 15.3 million and $14.6 million as of July 29, 2017 and January 28, 2017 , respectively. The change in the accrual balance from January 28, 2017 to July 29, 2017 resulted from additional accruals and interest and penalties during the six months ended July 29, 2017 .

Segment Information

Segment Information	6 Months Ended
	Jul. 29, 2017
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 Americas Retail, Europe, Americas Wholesale and Licensing reportable segments are the same as their respective operating segments. Certain components of the Company’s Asia operating segment are separate operating segments based on region which have been aggregated into the Asia reportable segment for disclosure purposes. During the first quarter of fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. Accordingly, segment results for Europe, Asia and Americas Wholesale have been adjusted for the three and six months ended July 30, 2016 to conform to the current year presentation. 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 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 29, 2017 and July 30, 2016 (in thousands): Three Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 July 30, 2016 Net revenue: Americas Retail $ 201,188 $ 226,550 $ 374,882 $ 430,711 Europe (1) 255,215 212,416 420,603 346,558 Asia (1) 62,733 53,410 126,114 107,638 Americas Wholesale (1) 32,658 30,632 68,515 64,569 Licensing 21,898 21,951 42,159 44,298 Total net revenue $ 573,692 $ 544,959 $ 1,032,273 $ 993,774 Earnings (loss) from operations: Americas Retail (2) $ (7,160 ) $ (1,614 ) $ (33,926 ) $ (14,215 ) Europe (1) (2) 26,188 18,571 23,093 4,016 Asia (1) (2) 1,530 (3,378 ) 692 (3,927 ) Americas Wholesale (1) 4,859 3,633 11,504 9,594 Licensing 19,422 19,733 36,753 40,148 44,839 36,945 38,116 35,616 Corporate Overhead (21,591 ) (21,368 ) (40,387 ) (42,934 ) Restructuring Charges — — — (6,083 ) Total earnings (loss) from operations $ 23,248 $ 15,577 $ (2,271 ) $ (13,401 ) __________________________________ (1) During the first quarter of fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. Accordingly, segment results for Europe, Asia and Americas Wholesale have been adjusted for the three and six months ended July 30, 2016 to conform to the current year presentation. (2) During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. During the three months ended July 29, 2017 , the Company recorded asset impairment charges related to its Americas Retail and Asia segments of $0.9 million and $0.3 million , respectively. During the six months ended July 29, 2017 , the Company recorded asset impairment charges related to its Americas Retail and Asia segments of $3.0 million and $0.9 million , respectively. Asset impairment charges related to its Europe segment were minimal during the three and six months ended July 29, 2017 . During the three months ended July 30, 2016 , the Company recorded asset impairment charges related to its Americas Retail and Europe segments of $0.4 million and $0.1 million , respectively. Asset impairment charges related to its Asia segment were minimal during the three months ended July 30, 2016 . During the six months ended July 30, 2016 , the Company recorded asset impairment charges related to its Americas Retail, Europe and Asia segments of $0.4 million , $0.2 million and $0.1 million , respectively. 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. 29, 2017
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 29, 2017 Jan 28, 2017 Mortgage debt, maturing monthly through January 2026 $ 20,607 $ 20,889 Capital lease obligations 17,371 — Other 3,269 3,159 41,247 24,048 Less current installments 2,033 566 Long-term debt and capital lease obligations $ 39,214 $ 23,482 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 29, 2017 , outstanding borrowings under the Mortgage Debt, net of debt issuance costs of $0.1 million , were $20.6 million . At January 28, 2017 , outstanding borrowings under the Mortgage Debt, net of debt issuance costs of $0.1 million , were $20.9 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 asset as of July 29, 2017 and January 28, 2017 was approximately $ 0.6 million and $ 0.9 million , respectively. Capital Lease Obligations During the second quarter of fiscal 2018, the Company began the relocation of its European distribution center to the Netherlands. As a result, the Company entered into a capital lease for equipment used in the new facility. The capital lease provides for monthly minimum lease payments through May 2027 and has an effective interest rate of approximately 6% . As of July 29, 2017 , the capital lease obligation was $15.9 million . During the second quarter of fiscal 2018, the Company also entered into a capital lease related primarily to computer hardware and software . As of July 29, 2017 , this capital lease obligation was $1.5 million . The Company previously leased a building in Florence, Italy under a capital lease which provided for minimum lease payments through May 1, 2016 . Upon termination of the capital lease, 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 . 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, eligible cash balances and relevant covenant restrictions as of July 29, 2017 , the Company could have borrowed up to $112 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 29, 2017 , the Company had $ 1.0 million in outstanding standby letters of credit, no outstanding documentary letters of credit and no outstanding borrowings under the Credit Facility. The Credit Facility requires the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis if a default or an event of default occurs under the Credit Facility or generally if borrowings exceed 80% of the borrowing base. 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 29, 2017 , the Company could have borrowed up to $ 76.3 million under these agreements. As of July 29, 2017 , the Company had no outstanding borrowings or outstanding documentary letters of credit under these agreements. The agreements are denominated primarily in euros and provide for annual interest rates ranging from 0.5% to 5.0% . 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 $ 41.1 million that has a minimum net equity requirement, there are no other financial ratio covenants. Other From time-to-time, the Company will obtain other financing in foreign countries for working capital to finance its local operations.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 29, 2017
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 29, 2017 and July 30, 2016 (in thousands): Three Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Stock options $ 581 $ 622 $ 1,190 $ 1,134 Stock awards/units 3,563 4,146 6,881 7,824 Employee Stock Purchase Plan 43 49 79 91 Total share-based compensation expense $ 4,187 $ 4,817 $ 8,150 $ 9,049 During the first quarter of fiscal 2018, the Company adopted authoritative guidance which eliminates the requirement to estimate forfeitures, but rather provides for an election that would allow entities to account for forfeitures as they occur. The Company adopted this election using the modified retrospective method and recorded a cumulative adjustment to reduce retained earnings by approximately $0.3 million as of the beginning of the period of adoption. Unrecognized compensation cost related to nonvested stock options and nonvested stock awards/units totaled approximately $ 4.9 million and $ 37.2 million , respectively, as of July 29, 2017 . This cost is expected to be recognized over a weighted average period of 1.8 years. The weighted average grant date fair value of stock options granted was $1.57 and $3.55 during the six months ended July 29, 2017 and July 30, 2016 , respectively. Grants On April 28, 2017, the Company granted select key management 1,056,042 nonvested stock units which are subject to certain performance-based vesting or market-based vesting conditions. 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. Annual Grants On March 29, 2017, the Company made an annual grant of 1,283,175 stock options and 707,675 nonvested stock awards/units to its employees. 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. 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 either (i) the end of the first fiscal year or (ii) the first anniversary of the date of grant, 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. 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. 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 29, 2017 : Number of Units Weighted Average Grant Date Fair Value Nonvested at January 28, 2017 787,849 $ 19.17 Granted 818,416 11.17 Vested (193,240 ) 20.57 Forfeited (6,757 ) 18.35 Nonvested at July 29, 2017 1,406,268 $ 14.32 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 29, 2017 : Number of Units Weighted Nonvested at January 28, 2017 323,825 $ 16.63 Granted 248,020 10.62 Vested — — Forfeited — — Nonvested at July 29, 2017 571,845 $ 14.02

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jul. 29, 2017
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 29, 2017 with expiration or option exercise 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. Aggregate rent, common area maintenance charges and property tax expense recorded under these four related party leases were approximately $ 2.5 million for each of the six months ended July 29, 2017 and July 30, 2016 . 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 29, 2017 and July 30, 2016 were approximately $ 0.4 million and $ 0.5 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 28, 2017 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 29, 2017
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 November 2036 . 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 4% to 20% , 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 27% 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 2022 . As discussed in further detail in Note 9, the Company leases equipment as well as computer hardware and software under capital lease obligations. Investment Commitments As of July 29, 2017 , the Company had an unfunded commitment to invest €4.5 million ( $5.3 million ) in a private equity fund. Refer to Note 14 for further information. Legal Proceedings 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 $80,000 . The Company strongly disagreed with the Court’s decision and appealed the ruling. On August 31, 2016, the Court of Appeal for the China matter issued a decision in favor of the Company, rejecting all of the plaintiff’s claims. In March 2017, the plaintiff petitioned the China Supreme Court for a retrial of the matter. On January 30, 2015, the Court of Paris ruled in favor of the Company in the France matter, rejecting all of the plaintiff’s claims and partially canceling two of the plaintiff’s community trademark registrations and one of the plaintiff’s international trademark registrations. On February 17, 2015, the plaintiff appealed the Court of Paris’ ruling. Although the Company believes that it has a strong position and will continue to vigorously defend each of the remaining matters, it is unable to predict with certainty whether or not these efforts will ultimately be successful or whether the outcomes will have a material impact on the Company’s financial position or results of operations. The Company has received customs tax assessment notices from the Italian Customs Agency regarding its customs tax audit of one of the Company’s European subsidiaries for the period from July 2010 through December 2012 . Such assessments totaled € 9.8 million ($ 11.5 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 fiscal 2017, the Appeals Court ruled in favor of the Company and rejected the appeal by the Italian Customs Agency on the first MFDTC judgment. During fiscal 2017, the MFDTC also issued judgments in favor of the Company in relation to the second through seventh set of appeals (covering the period from October 2010 through December 2012 ) and canceled the related assessments totaling €8.1 million ( $9.6 million ). Subsequently, the Italian Customs Agency has appealed the majority of these favorable MFDTC judgments, as well as certain of the Appeals Court judgments. While these MFDTC judgments have been favorable to the Company , there can be no assurances that the Italian Customs Agency will not be successful in its remaining appeals. 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 this matter, it is unable to predict with certainty whether or not these efforts will ultimately be successful or whether the outcome will have a material impact on the Company’s financial position or results of operations. On June 6, 2017, the European Commission notified the Company that it has initiated proceedings to investigate whether certain of the Company’s practices and agreements concerning the distribution of apparel and accessories within the European Union breach European Union competition rules related to cross-border transactions, internet sales limitations and resale price restrictions. The initiation of the proceedings does not mean that the European Commission has made a definitive conclusion regarding whether the Company breached any rules. We have cooperated and plan to continue to cooperate with the European Commission, including through responses to requests for information and through changes to certain business practices and agreements, as appropriate. If a violation is ultimately found, a broad range of remedies is potentially available to the European Commission, including imposing a fine and/or injunctive relief prohibiting or restricting certain business practices. At this preliminary stage, we are unable to predict the timing or outcome of these proceedings, including the magnitude of a potential fine, if any. However, we do not currently believe that any changes to our business practices or agreements made in connection with this proceeding will have a material impact on our ongoing business operations within the European Union. 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. 29, 2017
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. 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 $ 61.6 million and $ 58.6 million as of July 29, 2017 and January 28, 2017 , 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 $3.8 million in other income during the three and six months ended July 29, 2017 , respectively, and unrealized gains of $1.9 million and $5.1 million in other income during the three and six months ended July 30, 2016 , respectively. The projected benefit obligation was $53.6 million and $53.5 million as of July 29, 2017 and January 28, 2017 , 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 29, 2017 , respectively. SERP benefit payments of $0.4 million and $0.8 million were made during the three and six months ended July 30, 2016 , respectively. 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 29, 2017 and January 28, 2017 , the plan had a projected benefit obligation of $ 19.0 million and $ 17.6 million , respectively, and plan assets held at the independent investment fiduciary of $ 15.4 million and $ 14.1 million , respectively. The net liability of $ 3.6 million and $ 3.5 million was included in other long-term liabilities in the Company’s condensed consolidated balance sheets as of July 29, 2017 and January 28, 2017 , respectively. The components of net periodic defined benefit pension cost for the three and six months ended July 29, 2017 and July 30, 2016 related to the Company’s defined benefit plans are as follows (in thousands): Three Months Ended July 29, 2017 SERP Swiss Pension Plan Total Service cost $ — $ 469 $ 469 Interest cost 460 20 480 Expected return on plan assets — (46 ) (46 ) Net amortization of unrecognized prior service credit — (6 ) (6 ) Net amortization of actuarial losses 38 73 111 Net periodic defined benefit pension cost $ 498 $ 510 $ 1,008 Six Months Ended July 29, 2017 SERP Swiss Pension Plan Total Service cost $ — $ 960 $ 960 Interest cost 921 42 963 Expected return on plan assets — (95 ) (95 ) Net amortization of unrecognized prior service credit — (13 ) (13 ) Net amortization of actuarial losses 76 152 228 Net periodic defined benefit pension cost $ 997 $ 1,046 $ 2,043 Three Months Ended July 30, 2016 SERP Swiss Pension Plan Total Service cost $ — $ 392 $ 392 Interest cost 460 22 482 Expected return on plan assets — (47 ) (47 ) Net amortization of unrecognized prior service credit — (7 ) (7 ) Net amortization of actuarial losses 38 47 85 Net periodic defined benefit pension cost $ 498 $ 407 $ 905 Six Months Ended July 30, 2016 SERP Swiss Pension Plan Total Service cost $ — $ 771 $ 771 Interest cost 920 44 964 Expected return on plan assets — (93 ) (93 ) Net amortization of unrecognized prior service credit — (14 ) (14 ) Net amortization of actuarial losses 77 94 171 Net periodic defined benefit pension cost $ 997 $ 802 $ 1,799

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 29, 2017
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 29, 2017 and January 28, 2017 (in thousands): Fair Value Measurements at Jul 29, 2017 Fair Value Measurements at Jan 28, 2017 Recurring Fair Value Measures Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Foreign exchange currency contracts $ — $ 44 $ — $ 44 $ — $ 9,868 $ — $ 9,868 Interest rate swap — 643 — 643 — 876 — 876 Total $ — $ 687 $ — $ 687 $ — $ 10,744 $ — $ 10,744 Liabilities: Foreign exchange currency contracts $ — $ 14,043 $ — $ 14,043 $ — $ 1,424 $ — $ 1,424 Deferred compensation obligations — 12,377 — 12,377 — 11,184 — 11,184 Total $ — $ 26,420 $ — $ 26,420 $ — $ 12,608 $ — $ 12,608 There were no transfers of financial instruments between the three levels of fair value hierarchy during the six months ended July 29, 2017 or during the year ended January 28, 2017 . 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. Fair values of the Company ’ s interest rate swaps are based upon inputs corroborated by observable market data. 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. During the three months ended July 29, 2017 , the Company invested €0.5 million ( $0.5 million ) in a private equity fund, which was included in other assets in the Company’s condensed consolidated balance sheet as of July 29, 2017 . As permitted in accordance with authoritative guidance, the Company uses net asset value per share as a practical expedient to measure the fair value of this investment and has not included this investment in the fair value hierarchy as disclosed above. As of July 29, 2017 , the Company had an unfunded commitment to invest an additional €4.5 million ( $5.3 million ) in the private equity fund. 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 29, 2017 and January 28, 2017 , 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 majority of the Company’s long-lived assets relate to its retail operations which consist primarily of regular retail and flagship locations. The Company considers each individual regular 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 regular 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 at least one year allows a location to reach a maturity level where a more comprehensive analysis of financial performance can be performed. The Company evaluates impairment risk for regular 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. The Company has flagship locations which are used as a regional marketing tool to build brand awareness and promote the Company’s current product. Impairment for these locations is tested at a reporting unit level similar to goodwill since they do not have separately identifiable cash flows. 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 regular retail locations are based on management ’ s estimates of future cash flows over the remaining lease period or expected life, if shorter. For expected 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 regular retail location. The Company also considers factors such as: the local environment for each regular 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 asset impairment charges of $1.2 million and $4.0 million during the three and six months ended July 29, 2017 , respectively, and $0.5 million and $0.7 million during the three and six months ended July 30, 2016 , respectively. The asset impairment charges related primarily to the impairment of certain retail locations in North America resulting from under-performance and expected store closures during each of the respective periods. Refer to Note 8 for more information regarding asset impairment charges by segment.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 29, 2017
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, China and Mexico are denominated in U.S. dollars, British pounds and Russian roubles 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 29, 2017 , 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 (loss) 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 (loss) 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 (loss) 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 29, 2017 and January 28, 2017 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 $ 31 $ 6,072 Interest rate swap Other assets 643 876 Total derivatives designated as hedging instruments 674 6,948 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other current assets/ Other assets 13 3,796 Total $ 687 $ 10,744 LIABILITIES: Derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange currency contracts Accrued expenses/ Other long-term liabilities $ 9,620 $ 1,250 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Accrued expenses 4,423 174 Total $ 14,043 $ 1,424 Derivatives Designated as Hedging Instruments Foreign Exchange Currency Contracts Designated as Cash Flow Hedges During the six months ended July 29, 2017 , the Company purchased U.S. dollar forward contracts in Europe and Canada totaling US $82.0 million and US $12.3 million , respectively, that were designated as cash flow hedges. As of July 29, 2017 , the Company had forward contracts outstanding for its European and Canadian operations of US$ 142.3 million and US$ 52.0 million , respectively, to hedge forecasted merchandise purchases and intercompany royalties, which are expected to mature over the next 17 months . As of July 29, 2017 , accumulated other comprehensive income (loss) related to foreign exchange currency contracts included a net unrealized loss of approximately $ 9.2 million , net of tax, of which $4.2 million will be recognized in cost of product sales or other expense over the following 12 months, at the then current values on a pre-tax basis, which can be different than the current quarter-end values. At January 28, 2017 , the Company had forward contracts outstanding for its European and Canadian operations of US$ 104.2 million and US$ 66.9 million , respectively, that were designated as cash flow hedges. Interest Rate Swap Agreement Designated as Cash Flow Hedge During fiscal 2017 , 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 29, 2017 , accumulated other comprehensive income (loss) related to the interest rate swap agreement included a net unrealized gain 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 (loss) for the three and six months ended July 29, 2017 and July 30, 2016 (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 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ (14,673 ) $ 5,762 Cost of product sales $ 661 $ 1,141 Foreign exchange currency contracts $ (785 ) $ 343 Other income/expense $ 14 $ 49 Interest rate swap $ (77 ) $ (685 ) Interest expense $ (26 ) $ (59 ) Loss Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (Loss) (1) Gain (Loss) Reclassified from Accumulated OCI into Earnings (Loss) Six Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ (13,816 ) $ (5,650 ) Cost of product sales $ 1,279 $ 2,576 Foreign exchange currency contracts $ (996 ) $ (356 ) Other income/expense $ 93 $ 81 Interest rate swap $ (277 ) $ (817 ) Interest expense $ (62 ) $ (110 ) __________________________________ (1) The Company recognized gains of $0.9 million and $1.5 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three and six months ended July 29, 2017 , respectively. 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. There was no ineffectiveness recognized related to the interest rate swap during the three and six months ended July 29, 2017 and 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 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Beginning balance gain (loss) $ 4,948 $ (3,773 ) $ 5,400 $ 7,252 Net gains (losses) from changes in cash flow hedges (13,093 ) 4,617 (12,969 ) (5,263 ) Net gains reclassified to earnings (loss) (606 ) (881 ) (1,182 ) (2,026 ) Ending balance loss $ (8,751 ) $ (37 ) $ (8,751 ) $ (37 ) Derivatives Not Designated as Hedging Instruments As of July 29, 2017 , the Company had euro foreign exchange currency contracts to purchase US$ 69.7 million expected to mature over the next 11 months and Canadian dollar foreign exchange currency contracts to purchase US $11.3 million expected to mature over the next eight 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 29, 2017 and July 30, 2016 (in thousands): Location of Gain (Loss) Recognized in Earnings (Loss) Gain (Loss) Recognized in Earnings Gain (Loss) Recognized in Earnings (Loss) Three Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other income/expense $ (6,540 ) $ 2,885 $ (7,333 ) $ (3,144 ) Interest rate swap Other income/expense $ — $ — $ — $ 38 At January 28, 2017 , the Company had euro foreign exchange currency contracts to purchase US$ 81.4 million and Canadian dollar foreign exchange currency contracts to purchase US$ 13.9 million .

Subsequent Events

Subsequent Events	6 Months Ended
	Jul. 29, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividends On August 23, 2017 , 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 22, 2017 to shareholders of record as of the close of business on September 6, 2017 . Other Subsequent to quarter end, the Company modified certain of its leases held with a common landlord in North America. Under the terms of the agreements, 26 leases with original lease end dates from fiscal 2018 to fiscal 2026 will now end in fiscal 2018 through fiscal 2020. In connection with this agreement, in the third quarter of fiscal 2018, the Company will make up-front payments of roughly $22 million , of which $12 million will be recorded as a lease termination charge and $10 million will be recorded as advance rent payments.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jul. 29, 2017
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 July 2015, the Financial Accounting Standards Board (“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 or net realizable value test. The Company adopted this guidance effective January 29, 2017 on a prospective basis. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. In March 2016, the FASB issued authoritative guidance to simplify the accounting for certain aspects of share-based compensation. This guidance addresses the accounting for income tax effects at award settlement, the use of an expected forfeiture rate to estimate award cancellations prior to the vesting date and the presentation of excess tax benefits and shares surrendered for tax withholdings on the statement of cash flows. The Company adopted this guidance effective January 29, 2017. This guidance requires all income tax effects of awards (resulting from an increase or decrease in the fair value of an award from grant date to the vesting date) to be recognized in the income statement when the awards vest or are settled. This is a change from previous guidance that required such activity to be recorded in paid-in capital within stockholders’ equity . The Company adopted this provision prospectively and accordingly recorded tax shortfalls of approximately $0.1 million and $0.7 million , respectively, as an increase to the Company’s income tax expense in its condensed consolidated statement of income (loss) during the three and six months ended July 29, 2017 . This resulted in a negative impact on net earnings attributable to Guess?, Inc. of approximately $0.1 million , or a minimal per share impact during the three months ended July 29, 2017 and a negative impact on net loss attributable to Guess?, Inc. of approximately $0.7 million , or an unfavorable $0.01 per share impact during the six months ended July 29, 2017 . Under this guidance, excess tax benefits are also excluded from the assumed proceeds available to repurchase shares in the computation of diluted earnings (loss) per share. This was adopted prospectively and did not have a material impact on the Company’s diluted earnings (loss) per share for the three or six months ended July 29, 2017 . This guidance also eliminates the requirement to estimate forfeitures, but rather provides for an election that would allow entities to account for forfeitures as they occur. The Company adopted this election beginning in the first quarter of fiscal 2018 using the modified retrospective method and recorded a cumulative adjustment to reduce retained earnings by approximately $0.3 million . This guidance also changes the presentation of excess tax benefits from a financing activity to an operating activity in the statement of cash flows. This presentation was adopted on a retrospective basis and, as a result, net cash used in operating activities improved by $0.2 million with a corresponding offset to net cash used in financing activities during the six months ended July 30, 2016 . 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. The Company adopted this guidance effective January 29, 2017 on a retrospective basis. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements or related disclosures. In October 2016, the FASB issued authoritative guidance that requires an entity to include indirect interests held through related parties that are under common control on a proportionate basis when evaluating if a reporting entity is the primary beneficiary of a variable interest entity. The Company adopted this guidance effective January 29, 2017. The adoption of this guidance did not have an impact on the Company’s condensed consolidated financial statements or related disclosures. In November 2016, the FASB issued authoritative guidance related to the presentation of restricted cash in the statement of cash flows. This guidance requires that the statement of cash flows reconcile the change during the period in total cash, cash equivalents and restricted cash. The Company’s restricted cash is generally held as collateral for certain transactions. The Company adopted this guidance effective January 29, 2017 on a retrospective basis. As a result, the Company updated its condensed consolidated statements of cash flows for the six months ended July 29, 2017 and July 30, 2016 to include restricted cash with cash and cash equivalents when reconciling the beginning and end of period balances and to eliminate changes in restricted cash that have historically been included within operating and investing activities. 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 is intended to clarify the principles of recognizing revenue and create common revenue recognition guidance between GAAP and International Financial Reporting Standards. The standard also requires expanded disclosures surrounding revenue recognition. During 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, with early adoption permitted. The Company plans to adopt this guidance using the modified retrospective method beginning in the first quarter of fiscal 2019. The Company’s assessment efforts to date have included reviewing current revenue processes, arrangements and accounting policies to identify potential differences that could arise from the application of this standard on its consolidated financial statements and related disclosures. Based on its current review, the more significant changes that the Company has identified relate to the classification and timing of when revenue is recognized from its licensing business, loyalty programs and gift card breakage. The Company also expects a change in the timing of revenue recognized when merchandise is shipped directly to a customer, as it is expected to be based on when control is transferred to the customer upon shipment, rather than at the time the risk of loss is transferred. The Company is continuing to evaluate the financial impact of the adoption of this standard on its consolidated financial statements and 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 adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures unless the Company acquires new equity investments. 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 material increase in its long-term assets and liabilities resulting from the adoption. 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 October 2016, the FASB issued authoritative guidance which amends the accounting for income taxes on intra-entity transfers of assets other than inventory. This guidance requires that entities recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. The income tax consequences on intra-entity transfers of inventory will continue to be deferred until the inventory has been sold to a third party. 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. Early adoption is permitted at the beginning of a fiscal year. 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 2017, the FASB issued authoritative guidance to simplify the testing for goodwill impairment by removing step two from the goodwill testing. Under current guidance, if the fair value of a reporting unit is lower than its carrying amount (step one), an entity would calculate an impairment charge by comparing the implied fair value of goodwill with its carrying amount (step two). The implied fair value of goodwill was calculated by deducting the fair value of the assets and liabilities of the respective reporting unit from the reporting unit’s fair value as determined under step one. This guidance instead provides that an impairment charge should be recognized based on the difference between a reporting unit’s fair value and its carrying value. This guidance also does not require a qualitative test to be performed on reporting units with zero or negative carrying amounts. However, entities need to disclose any reporting units with zero or negative carrying amounts that have goodwill and the amount of goodwill allocated to each. This guidance is effective for fiscal years beginning after December 15, 2019, which will be the Company’s first quarter of fiscal 2021, with early adoption permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In March 2017, the FASB issued authoritative guidance related to the presentation of net periodic pension cost in the income statement. This guidance requires that the service cost component of net periodic pension cost is presented in the same line as other compensation costs arising from services rendered by the employees during the period. The other components of net periodic pension cost are required to be presented in the income statement separately from the service cost component and outside of earnings from operations. This guidance also allows for the service cost component to be eligible for capitalization when applicable. 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 retrospective adoption for the presentation of the service cost component and other components of net periodic pension cost in the income statement and prospective adoption for capitalization of the service cost component. Early adoption is permitted at the beginning of a fiscal year. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures. In May 2017, the FASB issued authoritative guidance that provides clarification on accounting for modifications in share-based payment awards. 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 adoption of this guidance is not expected to have an impact on the Company’s consolidated financial statements or related disclosures unless there are modifications to the Company’s share-based payment awards. In August 2017, the FASB issued authoritative guidance to better align the results of hedge accounting with an entity’s risk management activities. This guidance updates the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This guidance is effective for fiscal years beginning after December 15, 2018, which will be the Company’s first quarter of fiscal 2020, and requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with early adoption permitted. The updated presentation and disclosure guidance is required only on a prospective basis. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements and related disclosures.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jul. 29, 2017
Earnings Per Share [Abstract]
Computation of basic and diluted net earnings (loss) per common share attributable to common stockholders	The computation of basic and diluted net earnings (loss) per common share attributable to common stockholders is as follows (in thousands, except per share data): Three Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Net earnings (loss) attributable to Guess?, Inc. $ 15,219 $ 32,269 $ (6,074 ) $ 7,091 Less net earnings attributable to nonvested restricted stockholders 196 240 395 286 Net earnings (loss) attributable to common stockholders $ 15,023 $ 32,029 $ (6,469 ) $ 6,805 Weighted average common shares used in basic computations 82,396 83,621 82,703 83,567 Effect of dilutive securities: Stock options and restricted stock units (1) 367 242 — 242 Weighted average common shares used in diluted computations 82,763 83,863 82,703 83,809 Net earnings (loss) per common share attributable to common stockholders: Basic $ 0.18 $ 0.38 $ (0.08 ) $ 0.08 Diluted $ 0.18 $ 0.38 $ (0.08 ) $ 0.08 __________________________________ (1) For the six months ended July 29, 2017 , there were 192,438 potentially dilutive shares that were not included in the computation of diluted weighted average common shares and common equivalent shares outstanding because their effect would have been antidilutive given the Company’s net loss.

Stockholders' Equity and Rede25

Stockholders' Equity and Redeemable Noncontrolling Interests (Tables)	6 Months Ended
	Jul. 29, 2017
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 28, 2017 and six months ended July 29, 2017 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 30, 2016 83,833,937 56,195,000 $ 1,018,475 $ 12,818 $ 1,031,293 $ 5,252 Net earnings — — 22,761 2,637 25,398 — Foreign currency translation adjustment — — (575 ) (2,057 ) (2,632 ) 818 Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $864 — — (1,852 ) — (1,852 ) — Other-than-temporary-impairment and unrealized loss on marketable securities, net of income tax of ($6) — — 15 — 15 — Actuarial valuation loss and related amortization, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of $21 — — (923 ) — (923 ) — Issuance of common stock under stock compensation plans, net of tax effect 481,037 — (3,813 ) — (3,813 ) — Issuance of stock under Employee Stock Purchase Plan 44,486 (44,486 ) 558 — 558 — Share-based compensation — — 16,908 — 16,908 — Dividends — — (76,997 ) — (76,997 ) — Share repurchases (289,968 ) 289,968 (3,532 ) — (3,532 ) — Purchase of redeemable noncontrolling interest — — (1,133 ) 1,133 — (4,445 ) Noncontrolling interest capital contribution — — — — — 2,157 Noncontrolling interest capital distribution — — — (2,759 ) (2,759 ) — Redeemable noncontrolling interest redemption value adjustment — — (670 ) — (670 ) 670 Balance at January 28, 2017 84,069,492 56,440,482 $ 969,222 $ 11,772 $ 980,994 $ 4,452 Net earnings (loss) — — (6,074 ) 728 (5,346 ) — Foreign currency translation adjustment — — 54,552 2,320 56,872 30 Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $2,248 — — (14,151 ) — (14,151 ) — Actuarial valuation and prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of ($32) — — 79 — 79 — Issuance of common stock under stock compensation plans, net of tax effect 655,660 — (434 ) — (434 ) — Issuance of stock under Employee Stock Purchase Plan 31,040 (31,040 ) 285 — 285 — Share-based compensation — — 8,150 — 8,150 — Dividends — — (37,987 ) — (37,987 ) — Share repurchases (1,485,195 ) 1,485,195 (17,827 ) — (17,827 ) — Noncontrolling interest capital contribution — — — 11 11 951 Balance at July 29, 2017 83,270,997 57,894,637 $ 955,815 $ 14,831 $ 970,646 $ 5,433
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 29, 2017 and July 30, 2016 are as follows (in thousands): Three Months Ended Jul 29, 2017 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Defined Benefit Plans Total Balance at April 29, 2017 $ (146,754 ) $ 4,948 $ (8,486 ) $ (150,292 ) Gains (losses) arising during the period 43,079 (13,093 ) (82 ) 29,904 Reclassification to net earnings for (gains) losses realized — (606 ) 85 (521 ) Net other comprehensive income (loss) 43,079 (13,699 ) 3 29,383 Balance at July 29, 2017 $ (103,675 ) $ (8,751 ) $ (8,483 ) $ (120,909 ) Six Months Ended Jul 29, 2017 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Defined Benefit Plans Total Balance at January 28, 2017 $ (158,227 ) $ 5,400 $ (8,562 ) $ (161,389 ) Gains (losses) arising during the period 54,552 (12,969 ) (95 ) 41,488 Reclassification to net loss for (gains) losses realized — (1,182 ) 174 (1,008 ) Net other comprehensive income (loss) 54,552 (14,151 ) 79 40,480 Balance at July 29, 2017 $ (103,675 ) $ (8,751 ) $ (8,483 ) $ (120,909 ) 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 )
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)	Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss) during the three and six months ended July 29, 2017 and July 30, 2016 are as follows (in thousands): Three Months Ended Six Months Ended Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings (Loss) Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Derivative financial instruments designated as cash flow hedges: Foreign exchange currency contracts $ (661 ) $ (1,141 ) $ (1,279 ) $ (2,576 ) Cost of product sales Foreign exchange currency contracts (14 ) (49 ) (93 ) (81 ) Other income/expense Interest rate swap 26 59 62 110 Interest expense Less income tax effect 43 250 128 521 Income tax expense (606 ) (881 ) (1,182 ) (2,026 ) Defined benefit plans: Actuarial loss amortization 111 85 228 171 (1) Prior service credit amortization (6 ) (7 ) (13 ) (14 ) (1) Less income tax effect (20 ) (19 ) (41 ) (38 ) Income tax expense 85 59 174 119 Total reclassifications during the period $ (521 ) $ (822 ) $ (1,008 ) $ (1,907 ) __________________________________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jul. 29, 2017
Receivables [Abstract]
Schedule of accounts receivable	Accounts receivable is summarized as follows (in thousands): Jul 29, 2017 Jan 28, 2017 Trade $ 244,300 $ 234,690 Royalty 19,842 19,881 Other 7,681 5,888 271,823 260,459 Less allowances 38,188 34,922 $ 233,635 $ 225,537

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 29, 2017
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following (in thousands): Jul 29, 2017 Jan 28, 2017 Raw materials $ 631 $ 799 Work in progress 79 78 Finished goods 435,334 366,504 $ 436,044 $ 367,381

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jul. 29, 2017
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 fiscal year ended January 28, 2017 and six months ended July 29, 2017 (in thousands): Total Balance at January 30, 2016 $ — Charges to operations 6,083 Cash payments (6,003 ) Foreign currency and other adjustments 100 Balance at January 28, 2017 $ 180 Cash payments (124 ) Foreign currency and other adjustments (56 ) Balance at July 29, 2017 $ —

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 29, 2017
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 29, 2017 and July 30, 2016 (in thousands): Three Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 July 30, 2016 Net revenue: Americas Retail $ 201,188 $ 226,550 $ 374,882 $ 430,711 Europe (1) 255,215 212,416 420,603 346,558 Asia (1) 62,733 53,410 126,114 107,638 Americas Wholesale (1) 32,658 30,632 68,515 64,569 Licensing 21,898 21,951 42,159 44,298 Total net revenue $ 573,692 $ 544,959 $ 1,032,273 $ 993,774 Earnings (loss) from operations: Americas Retail (2) $ (7,160 ) $ (1,614 ) $ (33,926 ) $ (14,215 ) Europe (1) (2) 26,188 18,571 23,093 4,016 Asia (1) (2) 1,530 (3,378 ) 692 (3,927 ) Americas Wholesale (1) 4,859 3,633 11,504 9,594 Licensing 19,422 19,733 36,753 40,148 44,839 36,945 38,116 35,616 Corporate Overhead (21,591 ) (21,368 ) (40,387 ) (42,934 ) Restructuring Charges — — — (6,083 ) Total earnings (loss) from operations $ 23,248 $ 15,577 $ (2,271 ) $ (13,401 ) __________________________________ (1) During the first quarter of fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. Accordingly, segment results for Europe, Asia and Americas Wholesale have been adjusted for the three and six months ended July 30, 2016 to conform to the current year presentation. (2) During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. During the three months ended July 29, 2017 , the Company recorded asset impairment charges related to its Americas Retail and Asia segments of $0.9 million and $0.3 million , respectively. During the six months ended July 29, 2017 , the Company recorded asset impairment charges related to its Americas Retail and Asia segments of $3.0 million and $0.9 million , respectively. Asset impairment charges related to its Europe segment were minimal during the three and six months ended July 29, 2017 . During the three months ended July 30, 2016 , the Company recorded asset impairment charges related to its Americas Retail and Europe segments of $0.4 million and $0.1 million , respectively. Asset impairment charges related to its Asia segment were minimal during the three months ended July 30, 2016 . During the six months ended July 30, 2016 , the Company recorded asset impairment charges related to its Americas Retail, Europe and Asia segments of $0.4 million , $0.2 million and $0.1 million , respectively.

Borrowings and Capital Lease 30

Borrowings and Capital Lease Obligations (Tables)	6 Months Ended
	Jul. 29, 2017
Debt Disclosure [Abstract]
Summary of borrowings and capital lease obligations	Borrowings and capital lease obligations are summarized as follows (in thousands): Jul 29, 2017 Jan 28, 2017 Mortgage debt, maturing monthly through January 2026 $ 20,607 $ 20,889 Capital lease obligations 17,371 — Other 3,269 3,159 41,247 24,048 Less current installments 2,033 566 Long-term debt and capital lease obligations $ 39,214 $ 23,482

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 29, 2017
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 29, 2017 and July 30, 2016 (in thousands): Three Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Stock options $ 581 $ 622 $ 1,190 $ 1,134 Stock awards/units 3,563 4,146 6,881 7,824 Employee Stock Purchase Plan 43 49 79 91 Total share-based compensation expense $ 4,187 $ 4,817 $ 8,150 $ 9,049
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 29, 2017 : Number of Units Weighted Average Grant Date Fair Value Nonvested at January 28, 2017 787,849 $ 19.17 Granted 818,416 11.17 Vested (193,240 ) 20.57 Forfeited (6,757 ) 18.35 Nonvested at July 29, 2017 1,406,268 $ 14.32
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 29, 2017 : Number of Units Weighted Nonvested at January 28, 2017 323,825 $ 16.63 Granted 248,020 10.62 Vested — — Forfeited — — Nonvested at July 29, 2017 571,845 $ 14.02

Defined Benefit Plans (Tables)

Defined Benefit Plans (Tables)	6 Months Ended
	Jul. 29, 2017
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Components of net periodic defined benefit pension cost related to the Company's defined benefit plans	The components of net periodic defined benefit pension cost for the three and six months ended July 29, 2017 and July 30, 2016 related to the Company’s defined benefit plans are as follows (in thousands): Three Months Ended July 29, 2017 SERP Swiss Pension Plan Total Service cost $ — $ 469 $ 469 Interest cost 460 20 480 Expected return on plan assets — (46 ) (46 ) Net amortization of unrecognized prior service credit — (6 ) (6 ) Net amortization of actuarial losses 38 73 111 Net periodic defined benefit pension cost $ 498 $ 510 $ 1,008 Six Months Ended July 29, 2017 SERP Swiss Pension Plan Total Service cost $ — $ 960 $ 960 Interest cost 921 42 963 Expected return on plan assets — (95 ) (95 ) Net amortization of unrecognized prior service credit — (13 ) (13 ) Net amortization of actuarial losses 76 152 228 Net periodic defined benefit pension cost $ 997 $ 1,046 $ 2,043 Three Months Ended July 30, 2016 SERP Swiss Pension Plan Total Service cost $ — $ 392 $ 392 Interest cost 460 22 482 Expected return on plan assets — (47 ) (47 ) Net amortization of unrecognized prior service credit — (7 ) (7 ) Net amortization of actuarial losses 38 47 85 Net periodic defined benefit pension cost $ 498 $ 407 $ 905 Six Months Ended July 30, 2016 SERP Swiss Pension Plan Total Service cost $ — $ 771 $ 771 Interest cost 920 44 964 Expected return on plan assets — (93 ) (93 ) Net amortization of unrecognized prior service credit — (14 ) (14 ) Net amortization of actuarial losses 77 94 171 Net periodic defined benefit pension cost $ 997 $ 802 $ 1,799

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 29, 2017
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 29, 2017 and January 28, 2017 (in thousands): Fair Value Measurements at Jul 29, 2017 Fair Value Measurements at Jan 28, 2017 Recurring Fair Value Measures Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Foreign exchange currency contracts $ — $ 44 $ — $ 44 $ — $ 9,868 $ — $ 9,868 Interest rate swap — 643 — 643 — 876 — 876 Total $ — $ 687 $ — $ 687 $ — $ 10,744 $ — $ 10,744 Liabilities: Foreign exchange currency contracts $ — $ 14,043 $ — $ 14,043 $ — $ 1,424 $ — $ 1,424 Deferred compensation obligations — 12,377 — 12,377 — 11,184 — 11,184 Total $ — $ 26,420 $ — $ 26,420 $ — $ 12,608 $ — $ 12,608

Derivative Financial Instrume34

Derivative Financial Instruments (Tables)	6 Months Ended
	Jul. 29, 2017
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 29, 2017 and January 28, 2017 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 $ 31 $ 6,072 Interest rate swap Other assets 643 876 Total derivatives designated as hedging instruments 674 6,948 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other current assets/ Other assets 13 3,796 Total $ 687 $ 10,744 LIABILITIES: Derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange currency contracts Accrued expenses/ Other long-term liabilities $ 9,620 $ 1,250 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Accrued expenses 4,423 174 Total $ 14,043 $ 1,424
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss)	The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss) for the three and six months ended July 29, 2017 and July 30, 2016 (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 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ (14,673 ) $ 5,762 Cost of product sales $ 661 $ 1,141 Foreign exchange currency contracts $ (785 ) $ 343 Other income/expense $ 14 $ 49 Interest rate swap $ (77 ) $ (685 ) Interest expense $ (26 ) $ (59 ) Loss Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (Loss) (1) Gain (Loss) Reclassified from Accumulated OCI into Earnings (Loss) Six Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ (13,816 ) $ (5,650 ) Cost of product sales $ 1,279 $ 2,576 Foreign exchange currency contracts $ (996 ) $ (356 ) Other income/expense $ 93 $ 81 Interest rate swap $ (277 ) $ (817 ) Interest expense $ (62 ) $ (110 ) __________________________________ (1) The Company recognized gains of $0.9 million and $1.5 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three and six months ended July 29, 2017 , respectively. 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. There was no ineffectiveness recognized related to the interest rate swap during the three and six months ended July 29, 2017 and 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 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Beginning balance gain (loss) $ 4,948 $ (3,773 ) $ 5,400 $ 7,252 Net gains (losses) from changes in cash flow hedges (13,093 ) 4,617 (12,969 ) (5,263 ) Net gains reclassified to earnings (loss) (606 ) (881 ) (1,182 ) (2,026 ) Ending balance loss $ (8,751 ) $ (37 ) $ (8,751 ) $ (37 )
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 29, 2017 and July 30, 2016 (in thousands): Location of Gain (Loss) Recognized in Earnings (Loss) Gain (Loss) Recognized in Earnings Gain (Loss) Recognized in Earnings (Loss) Three Months Ended Six Months Ended Jul 29, 2017 Jul 30, 2016 Jul 29, 2017 Jul 30, 2016 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other income/expense $ (6,540 ) $ 2,885 $ (7,333 ) $ (3,144 ) Interest rate swap Other income/expense $ — $ — $ — $ 38

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016	Jan. 29, 2017
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		$ 34,800
New accounting pronouncements and changes in accounting principles
Increase to income tax expense from tax shortfalls	$ 6,453	10,593	$ 5,050	$ 5,802
Negative impact on net earnings (loss) attributable to Guess, Inc. from tax shortfalls	$ (15,219)	$ (32,269)	$ 6,074	$ (7,091)
Unfavorable impact on basic loss per share from tax shortfalls	$ (0.18)	$ (0.38)	$ 0.08	$ (0.08)
Unfavorable impact on diluted loss per share from tax shortfalls	$ (0.18)	$ (0.38)	$ 0.08	$ (0.08)
Increase in operating cash flows from reclass of excess tax benefits			$ (9,665)	$ (17,406)
Decrease in financing cash flows from reclass of excess tax benefits			55,091	23,404
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		$ 22,300
Accounting Standards Update 2016-09
New accounting pronouncements and changes in accounting principles
Increase to income tax expense from tax shortfalls	$ 100		700
Negative impact on net earnings (loss) attributable to Guess, Inc. from tax shortfalls	$ 100		$ 700
Unfavorable impact on basic loss per share from tax shortfalls			$ 0.01
Unfavorable impact on diluted loss per share from tax shortfalls			$ 0.01
Cumulative adjustment to reduce retained earnings as a result of adoption of guidance which allows entities to account for forfeitures as they occur								$ 300
Forecast
Fiscal Year
Number of days in fiscal year					371 days
Restatement adjustment | Accounting Standards Update 2016-09
New accounting pronouncements and changes in accounting principles
Increase in operating cash flows from reclass of excess tax benefits				200
Decrease in financing cash flows from reclass of excess tax benefits				$ 200

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Earnings Per Share [Abstract]
Net earnings (loss) attributable to Guess, Inc.		$ 15,219	$ 32,269	$ (6,074)	$ 7,091
Less net earnings attributable to nonvested restricted stockholders		196	240	395	286
Net earnings (loss) attributable to common stockholders		$ 15,023	$ 32,029	$ (6,469)	$ 6,805
Weighted average common shares used in basic computations		82,396,000	83,621,000	82,703,000	83,567,000
Effect of dilutive securities:
Stock options and restricted stock units (in shares)	[1]	367,000	242,000	0	242,000
Weighted average common shares used in diluted computations		82,763,000	83,863,000	82,703,000	83,809,000
Net earnings (loss) per common share attributable to common stockholders:
Basic (in dollars per share)		$ 0.18	$ 0.38	$ (0.08)	$ 0.08
Diluted (in dollars per share)		$ 0.18	$ 0.38	$ (0.08)	$ 0.08
Antidilutive securities excluded from computation of earnings (loss) per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares		4,522,618	3,426,266	4,310,197	3,185,000
Potentially dilutive shares
Antidilutive securities excluded from computation of earnings (loss) per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares				192,438
Performance-based units
Antidilutive securities excluded from computation of earnings (loss) per share
Awards subject to performance or market conditions that were excluded from the computation of diluted weighted average common shares		1,145,080		1,145,080
Performance-based or market-based units
Antidilutive securities excluded from computation of earnings (loss) per share
Awards subject to performance or market conditions that were excluded from the computation of diluted weighted average common shares			602,816		602,816
[1]	For the six months ended July 29, 2017, there were 192,438 potentially dilutive shares that were not included in the computation of diluted weighted average common shares and common equivalent shares outstanding because their effect would have been antidilutive given the Company’s net loss.

Earnings (Loss) Per Share (De37

Earnings (Loss) Per Share (Details 2) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017	Jun. 26, 2012
Equity, Class of Treasury Stock [Line Items]
Shares repurchased, aggregate cost			$ 17,827,000		$ 3,532,000
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Value of common stock authorized to be repurchased						$ 500,000,000
Number of common stock repurchased (in shares)	1,485,195	0	1,485,195	0
Shares repurchased, aggregate cost	$ 17,800,000	$ 0	$ 17,800,000	$ 0
Value of common stock remaining to be repurchased			$ 430,500,000

Stockholders' Equity and Rede38

Stockholders' Equity and Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Stockholders' equity reconciliation
Stock (in shares), beginning of the period			84,069,492
Stockholders' equity, balance at the beginning of the period			$ 980,994	$ 1,031,293	$ 1,031,293
Net earnings (loss)	$ 15,881	$ 32,167	(5,346)	$ 7,013	25,398
Foreign currency translation adjustment			56,872		(2,632)
Loss on derivative financial instruments designated as cash flow hedges, net of income tax			(14,151)		(1,852)
Other-than-temporary-impairment and unrealized loss on marketable securities, net of income tax					15
Actuarial valuation loss and related amortization, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax			79		(923)
Issuance of common stock under stock compensation plans, net of tax effect			(434)		(3,813)
Issuance of stock under Employee Stock Purchase Plan			285		558
Share-based compensation			8,150		16,908
Dividends			(37,987)		(76,997)
Share repurchases			(17,827)		(3,532)
Purchase of redeemable noncontrolling interest					0
Noncontrolling interest capital contribution			$ 11		0
Noncontrolling interest capital distribution					(2,759)
Redeemable noncontrolling interest redemption value adjustment					$ (670)
Stock (in shares), end of the period	83,270,997		83,270,997		84,069,492
Stockholders' equity, balance at the end of the period	$ 970,646		$ 970,646		$ 980,994
Comprehensive income (loss), income tax effect
Loss on derivative financial instruments designated as cash flow hedges, tax effect			2,248		864
Other-than-temporary-impairment and unrealized loss on marketable securities, tax effect					(6)
Actuarial valuation loss and related amortization, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, tax effect			$ (32)		$ 21
Common Stock
Stockholders' equity reconciliation
Stock (in shares), beginning of the period			84,069,492	83,833,937	83,833,937
Issuance of common stock under stock compensation plans (in shares)			655,660		481,037
Issuance of stock under Employee Stock Purchase Plan (in shares)			31,040		44,486
Share repurchases (in shares)			(1,485,195)		(289,968)
Stock (in shares), end of the period	83,270,997		83,270,997		84,069,492
Treasury Stock
Stockholders' equity reconciliation
Stock (in shares), beginning of the period			56,440,482	56,195,000	56,195,000
Issuance of stock under Employee Stock Purchase Plan (in shares)			(31,040)		(44,486)
Share repurchases (in shares)			1,485,195		289,968
Stock (in shares), end of the period	57,894,637		57,894,637		56,440,482
Guess, Inc. Stockholders’ Equity
Stockholders' equity reconciliation
Stockholders' equity, balance at the beginning of the period			$ 969,222	$ 1,018,475	$ 1,018,475
Net earnings (loss)			(6,074)		22,761
Foreign currency translation adjustment			54,552		(575)
Loss on derivative financial instruments designated as cash flow hedges, net of income tax			(14,151)		(1,852)
Other-than-temporary-impairment and unrealized loss on marketable securities, net of income tax					15
Actuarial valuation loss and related amortization, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax			79		(923)
Issuance of common stock under stock compensation plans, net of tax effect			(434)		(3,813)
Issuance of stock under Employee Stock Purchase Plan			285		558
Share-based compensation			8,150		16,908
Dividends			(37,987)		(76,997)
Share repurchases			(17,827)		(3,532)
Purchase of redeemable noncontrolling interest					(1,133)
Noncontrolling interest capital contribution			0		0
Noncontrolling interest capital distribution					0
Redeemable noncontrolling interest redemption value adjustment					(670)
Stockholders' equity, balance at the end of the period	$ 955,815		955,815		969,222
Nonredeemable Noncontrolling Interests
Stockholders' equity reconciliation
Stockholders' equity, balance at the beginning of the period			11,772	$ 12,818	12,818
Net earnings (loss)			728		2,637
Foreign currency translation adjustment			2,320		(2,057)
Loss on derivative financial instruments designated as cash flow hedges, net of income tax			0		0
Other-than-temporary-impairment and unrealized loss on marketable securities, net of income tax					0
Actuarial valuation loss and related amortization, 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		0
Purchase of redeemable noncontrolling interest					1,133
Noncontrolling interest capital contribution			11		0
Noncontrolling interest capital distribution					(2,759)
Redeemable noncontrolling interest redemption value adjustment					0
Stockholders' equity, balance at the end of the period	$ 14,831		$ 14,831		$ 11,772

Stockholders' Equity and Rede39

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 2) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017	Jan. 30, 2016	Jul. 29, 2017	Jan. 30, 2016
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, carrying value at the beginning of the period	$ 4,452	$ 5,252	$ 5,252
Foreign currency translation adjustment	30		818
Purchase of redeemable noncontrolling interest			(4,445)
Redeemable noncontrolling interest capital contribution	951		2,157
Redeemable noncontrolling interest redemption value adjustment			670
Redeemable noncontrolling interest, carrying value at the end of the period	5,433		4,452	$ 5,252
Redeemable noncontrolling interests put arrangements
Redeemable noncontrolling interests	4,452	5,252	5,252	$ 5,252	$ 5,433	$ 5,252
Purchase of redeemable noncontrolling interest	0	$ 4,445
Guess Brazil
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, carrying value at the beginning of the period	1,700
Redeemable noncontrolling interest, carrying value at the end of the period	$ 1,600		1,700
Redeemable noncontrolling interests put arrangements
Total outstanding equity interest in subsidiary covered by put arrangement (as a percent)					40.00%
Initial period put option can be exercised by noncontrolling interest holder after commencement of agreement, subject to certain time restrictions (by year)	6 years
Period put option 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
Redeemable noncontrolling interests	$ 1,700		1,700		$ 1,600
Guess CIS
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, carrying value at the beginning of the period	2,800
Redeemable noncontrolling interest, carrying value at the end of the period	$ 3,800		2,800
Redeemable noncontrolling interests put arrangements
Total outstanding equity interest in subsidiary covered by put arrangement (as a percent)					30.00%
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	$ 3,200		5,000
Payments made by the Company related to its controlling interest in joint venture	2,200		3,500
Redeemable noncontrolling interests	$ 2,800		$ 2,800		$ 3,800
Last date put option can be exercised by noncontrolling interest holder	Dec. 31, 2025
Guess Sud
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
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. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Accumulated other comprehensive income (loss), net of tax
Beginning balance	$ (150,292)	$ (126,536)	$ (161,389)	$ (158,054)
Gains (losses) arising during the period	29,904	(9,856)	41,488	22,747
Reclassifications to net earnings (loss) for (gains) losses realized	(521)	(822)	(1,008)	(1,907)
Net other comprehensive income (loss)	29,383	(10,678)	40,480	20,840
Ending balance	(120,909)	(137,214)	(120,909)	(137,214)
Foreign Currency Translation Adjustment
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(146,754)	(115,021)	(158,227)	(157,652)
Gains (losses) arising during the period	43,079	(14,497)	54,552	28,134
Reclassifications to net earnings (loss) for (gains) losses realized	0	0	0	0
Net other comprehensive income (loss)	43,079	(14,497)	54,552	28,134
Ending balance	(103,675)	(129,518)	(103,675)	(129,518)
Derivative Financial Instruments Designated as Cash Flow Hedges
Accumulated other comprehensive income (loss), net of tax
Beginning balance	4,948	(3,773)	5,400	7,252
Gains (losses) arising during the period	(13,093)	4,617	(12,969)	(5,263)
Reclassifications to net earnings (loss) for (gains) losses realized	(606)	(881)	(1,182)	(2,026)
Net other comprehensive income (loss)	(13,699)	3,736	(14,151)	(7,289)
Ending balance	(8,751)	(37)	(8,751)	(37)
Marketable Securities
Accumulated other comprehensive income (loss), net of tax
Beginning balance		(14)		(15)
Gains (losses) arising during the period		(2)		(1)
Reclassifications to net earnings (loss) for (gains) losses realized		0		0
Net other comprehensive income (loss)		(2)		(1)
Ending balance		(16)		(16)
Defined Benefit Plans
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(8,486)	(7,728)	(8,562)	(7,639)
Gains (losses) arising during the period	(82)	26	(95)	(123)
Reclassifications to net earnings (loss) for (gains) losses realized	85	59	174	119
Net other comprehensive income (loss)	3	85	79	(4)
Ending balance	$ (8,483)	$ (7,643)	$ (8,483)	$ (7,643)

Stockholders' Equity and Rede41

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 4) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Cost of product sales		$ 375,665	$ 359,327	$ 689,604	$ 665,383
Other income/expense		1,630	(27,390)	(802)	(26,292)
Interest expense		544	458	958	978
Income tax expense		6,453	10,593	5,050	5,802
Net earnings (loss) attributable to Guess, Inc.		(15,219)	(32,269)	6,074	(7,091)
Reclassifications to net earnings (loss) for (gains) losses realized		(521)	(822)	(1,008)	(1,907)
Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Net earnings (loss) attributable to Guess, Inc.		(521)	(822)	(1,008)	(1,907)
Derivative Financial Instruments Designated as Cash Flow Hedges
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Reclassifications to net earnings (loss) for (gains) losses realized		(606)	(881)	(1,182)	(2,026)
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 (loss)
Cost of product sales		(661)	(1,141)	(1,279)	(2,576)
Other income/expense		(14)	(49)	(93)	(81)
Interest expense		26	59	62	110
Income tax expense		43	250	128	521
Net earnings (loss) attributable to Guess, Inc.		(606)	(881)	(1,182)	(2,026)
Defined Benefit Plans
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Income tax expense		(20)	(19)	(41)	(38)
Reclassifications to net earnings (loss) for (gains) losses realized		85	59	174	119
Actuarial Loss Amortization
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Reclassifications out of AOCI related to defined benefit plans	[1]	111	85	228	171
Prior Service Credit Amortization
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Reclassifications out of AOCI related to defined benefit plans	[1]	$ (6)	$ (7)	$ (13)	$ (14)
[1]	These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information.

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017
Accounts receivable
Accounts receivable, gross	$ 271,823	$ 260,459
Less allowances	38,188	34,922
Accounts receivable, net	233,635	225,537
Trade receivables
Accounts receivable
Accounts receivable, gross	244,300	234,690
Royalty receivables
Accounts receivable
Accounts receivable, gross	19,842	19,881
Other receivables
Accounts receivable
Accounts receivable, gross	$ 7,681	$ 5,888

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 631	$ 799
Work in progress	79	78
Finished goods	435,334	366,504
Inventories	436,044	367,381
Allowance to write down inventories to the lower of cost or net realizable value	$ 24,800	$ 19,400

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Apr. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Restructuring reserve activity
Charges to operations	$ 0	$ 0		$ 0	$ 6,083
Severance
Restructuring reserve activity
Beginning balance			$ 0	180	0	$ 0
Charges to operations	0		6,083	0	6,083	6,083
Cash payments				(124)		(6,003)
Foreign currency and other adjustments				(56)		100
Ending balance	0			0		180
Accrued expenses
Restructuring activity
Restructuring reserve included in accrued expenses	$ 0			$ 0		$ 180
Europe
Restructuring activity
Estimated exit tax charge			$ 1,900		$ 1,900

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)			(1706.10%)	45.30%
Aggregate accruals for uncertain tax positions, including penalties and interest	$ 15,300		$ 15,300		$ 14,600
New accounting pronouncements and changes in accounting principles
Increase to income tax expense from tax shortfalls	6,453	$ 10,593	5,050	$ 5,802
Accounting Standards Update 2016-09
New accounting pronouncements and changes in accounting principles
Increase to income tax expense from tax shortfalls	$ 100		$ 700

Segment Information (Details)

Segment Information (Details) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 29, 2017USD ($)	Jul. 30, 2016USD ($)	Jul. 29, 2017USD ($)segment	Jul. 30, 2016USD ($)
Segment information of net revenue and earnings (loss) from operations
Number of reportable segments | segment				5
Net revenue		$ 573,692	$ 544,959	$ 1,032,273	$ 993,774
Licensing		21,898	21,951	42,159	44,298
Restructuring charges		0	0	0	(6,083)
Earnings (loss) from operations		23,248	15,577	(2,271)	(13,401)
Asset impairment charges		1,233	502	3,995	655
Corporate Overhead
Segment information of net revenue and earnings (loss) from operations
Earnings (loss) from operations		(21,591)	(21,368)	(40,387)	(42,934)
Restructuring charges
Segment information of net revenue and earnings (loss) from operations
Restructuring charges		0	0	0	(6,083)
Americas Retail
Segment information of net revenue and earnings (loss) from operations
Net revenue		201,188	226,550	374,882	430,711
Earnings (loss) from operations	[1]	(7,160)	(1,614)	(33,926)	(14,215)
Asset impairment charges		900	400	3,000	400
Europe
Segment information of net revenue and earnings (loss) from operations
Net revenue	[2]	255,215	212,416	420,603	346,558
Earnings (loss) from operations	[1],[2]	26,188	18,571	23,093	4,016
Asset impairment charges			100		200
Asia
Segment information of net revenue and earnings (loss) from operations
Net revenue	[2]	62,733	53,410	126,114	107,638
Earnings (loss) from operations	[1],[2]	1,530	(3,378)	692	(3,927)
Asset impairment charges		300		900	100
Americas Wholesale
Segment information of net revenue and earnings (loss) from operations
Net revenue	[2]	32,658	30,632	68,515	64,569
Earnings (loss) from operations	[2]	4,859	3,633	11,504	9,594
Licensing
Segment information of net revenue and earnings (loss) from operations
Licensing		21,898	21,951	42,159	44,298
Earnings (loss) from operations		19,422	19,733	36,753	40,148
Operating Segments
Segment information of net revenue and earnings (loss) from operations
Earnings (loss) from operations		$ 44,839	$ 36,945	$ 38,116	$ 35,616
[1]	During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. During the three months ended July 29, 2017, the Company recorded asset impairment charges related to its Americas Retail and Asia segments of $0.9 million and $0.3 million, respectively. During the six months ended July 29, 2017, the Company recorded asset impairment charges related to its Americas Retail and Asia segments of $3.0 million and $0.9 million, respectively. Asset impairment charges related to its Europe segment were minimal during the three and six months ended July 29, 2017. During the three months ended July 30, 2016, the Company recorded asset impairment charges related to its Americas Retail and Europe segments of $0.4 million and $0.1 million, respectively. Asset impairment charges related to its Asia segment were minimal during the three months ended July 30, 2016. During the six months ended July 30, 2016, the Company recorded asset impairment charges related to its Americas Retail, Europe and Asia segments of $0.4 million, $0.2 million and $0.1 million, respectively.
[2]	During the first quarter of fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. Accordingly, segment results for Europe, Asia and Americas Wholesale have been adjusted for the three and six months ended July 30, 2016 to conform to the current year presentation.

Borrowings and Capital Lease 47

Borrowings and Capital Lease Obligations (Details)	May 01, 2016	Feb. 16, 2016USD ($)	Feb. 01, 2016	Jun. 23, 2015USD ($)	Jul. 29, 2017USD ($)facility	Jan. 28, 2017USD ($)
Borrowings and capital lease obligations
Mortgage debt, maturing monthly through January 2026					$ 20,607,000	$ 20,889,000
Capital lease obligations					17,371,000	0
Other					3,269,000	3,159,000
Total debt and capital lease obligations					41,247,000	24,048,000
Less current installments					2,033,000	566,000
Long-term debt and capital lease obligations					39,214,000	23,482,000
Mortgage Debt
Mortgage debt, maturing monthly through January 2026					20,607,000	20,889,000
Capital Lease
Capital lease obligations					$ 17,371,000	0
Interest rate swap | Derivatives designated as hedging instruments | Cash flow hedges
Borrowings and capital lease obligations
Fixed rate of interest rate swap derivative (as a percent)					3.06%
Interest rate swap maturity date					Jan. 31, 2026
Europe | Foreign line of credit
Credit Facilities
Current borrowing capacity					$ 76,300,000
Credit Facility, outstanding amount					$ 0
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					$ 41,100,000
Europe | Foreign line of credit | Minimum
Credit Facilities
Interest rate (as a percent)					0.50%
Europe | Foreign line of credit | Maximum
Credit Facilities
Interest rate (as a percent)					5.00%
Europe | Documentary letters of credit | Foreign line of credit
Credit Facilities
Letters of credit outstanding					$ 0
Equipment | Maximum
Capital Lease
Lease expiration date					Jul. 30, 2022
Mortgage debt | Building | U.S.
Borrowings and capital lease obligations
Mortgage debt, maturing monthly through January 2026		$ 21,500,000			$ 20,607,000	20,889,000
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			$ 20,607,000	20,889,000
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	100,000
Mortgage debt | Building | U.S. | LIBOR
Borrowings and capital lease obligations
Interest rate margin (as a percent)					1.50%
Mortgage debt | Building | U.S. | Interest rate swap
Mortgage Debt
Fair value of cash flow hedge interest rate swap asset					$ 643,000	$ 876,000
Mortgage debt | Building | U.S. | Interest rate swap | Derivatives designated as hedging instruments | Cash flow hedges
Borrowings and capital lease obligations
Fixed rate of interest rate swap derivative (as a percent)		3.06%			3.06%
Interest rate swap maturity date					Jan. 31, 2026
Capital lease | Building | Italy
Capital Lease
Lease expiration date	May 1, 2016
Capital lease | Building | Italy | Interest rate swap | Derivatives not designated as hedging instruments
Borrowings and capital lease obligations
Fixed rate of interest rate swap derivative (as a percent)			3.55%
Interest rate swap maturity date			Feb. 1, 2016
Capital lease | Equipment | Europe
Borrowings and capital lease obligations
Capital lease obligations					$ 15,900,000
Capital Lease
Lease expiration date					May 31, 2027
Effective interest rate on capital lease obligations					6.00%
Capital lease obligations					$ 15,900,000
Capital lease | Computer hardware and software
Borrowings and capital lease obligations
Capital lease obligations					1,500,000
Capital Lease
Capital lease obligations					1,500,000
Credit Facility
Credit Facilities
Credit Facility, outstanding amount					$ 0
Percentage of borrowings exceeding borrowing base that require the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis					80.00%
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					$ 112,000,000
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					$ 1,000,000
Credit Facility | Documentary letters of credit
Credit Facilities
Letters of credit outstanding					0
Credit Facility | Canada | Foreign line of credit
Credit Facilities
Maximum borrowing capacity				$ 50,000,000	$ 50,000,000
Credit Facility | Canada | Foreign line of credit | Prime rate | Minimum
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%

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 28, 2017	Mar. 29, 2017	Apr. 29, 2016	Mar. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 29, 2017
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 4,187	$ 4,817	$ 8,150	$ 9,049
Share-Based Compensation, Additional Disclosures
Unrecognized compensation cost related to nonvested stock options					4,900		$ 4,900
Weighted average fair values of stock options granted during the period (in dollars per share)							$ 1.57	$ 3.55
Granted (in shares)		1,283,175		616,450
Accounting Standards Update 2016-09
Share-Based Compensation, Additional Disclosures
Cumulative adjustment to reduce retained earnings as a result of adoption of guidance which allows entities to account for forfeitures as they occur									$ 300
Employee Stock Purchase Plan
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					43	49	$ 79	$ 91
Stock options
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 581	622	$ 1,190	1,134
Share-Based Compensation, Additional Disclosures
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)					1 year 9 months 10 days		1 year 9 months 10 days
Stock awards or units
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 3,563	$ 4,146	$ 6,881	$ 7,824
Share-Based Compensation, Additional Disclosures
Unrecognized compensation cost related to nonvested stock awards/units					$ 37,200		$ 37,200
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)					1 year 9 months 10 days		1 year 9 months 10 days
Number of Units
Granted (in shares)		707,675		442,000
Performance-based or market-based units
Number of Units
Granted (in shares)	1,056,042		602,816
Performance-based units
Number of Units
Nonvested at the beginning of the period (in shares)							787,849
Granted (in shares)							818,416
Vested (in shares)							(193,240)
Forfeited (in shares)							(6,757)
Nonvested at the end of the period (in shares)					1,406,268		1,406,268
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)							$ 19.17
Granted (in dollars per share)							11.17
Vested (in dollars per share)							20.57
Forfeited (in dollars per share)							18.35
Nonvested at the end of the period (in dollars per share)					$ 14.32		$ 14.32
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
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
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)							323,825
Granted (in shares)							248,020
Vested (in shares)							0
Forfeited (in shares)							0
Nonvested at the end of the period (in shares)					571,845		571,845
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)							$ 16.63
Granted (in dollars per share)							10.62
Vested (in dollars per share)							0
Forfeited (in dollars per share)							0
Nonvested at the end of the period (in dollars per share)					$ 14.02		$ 14.02
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	6 Months Ended
	Jul. 29, 2017USD ($)lease	Jul. 30, 2016USD ($)	Jan. 30, 2016USD ($)ft²
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
Sale price of sales-leaseback transaction			$ 7.5
Cash proceeds received from sales-leaseback transaction		$ 7.5
Marciano Trusts | Related party leases
Related Party Transactions
Expenses under related party arrangement	$ 2.5	2.5
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	$ 0.4	$ 0.5

Commitments and Contingencies (

Commitments and Contingencies (Details)	6 Months Ended
	Jul. 29, 2017
Property leases | Maximum
Leases
Lease expiration date	Nov. 30, 2036
Retail store leases | Minimum
Leases
Percentage of annual sales volume used for incremental rent on certain retail location leases	4.00%
Retail store leases | Maximum
Leases
Percentage of annual sales volume used for incremental rent on certain retail location leases	20.00%
Retail concession leases | Average
Leases
Percentage of annual sales volume used for incremental rent on certain retail location leases	27.00%
Equipment operating leases | Maximum
Leases
Lease expiration date	Jul. 30, 2022

Commitments and Contingencies51

Commitments and Contingencies (Details 2) - Jul. 29, 2017 € in Millions, $ in Millions	USD ($)	EUR (€)
Private equity fund
Investment commitments
Unfunded commitment to invest in private equity fund	$ 5.3	€ 4.5

Commitments and Contingencies52

Commitments and Contingencies (Details 3) $ in Thousands, € in Millions	Nov. 08, 2013USD ($)	Jul. 19, 2012USD ($)	May 31, 2015USD ($)	May 31, 2015EUR (€)	Jul. 29, 2017USD ($)subsidiary	Jan. 28, 2017USD ($)	Jan. 28, 2017EUR (€)	Jul. 29, 2017EUR (€)	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
Customs tax assessments including potential penalties and interest					$ 11,500			€ 9.8
Italy | Minimum | Europe | Customs tax audit and appeals
Loss contingency
Period under audit by the Italian Customs Agency					Jul. 1, 2010
Italy | Maximum | Europe | Customs tax audit and appeals
Loss contingency
Period under audit by the Italian Customs Agency					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 through seventh set of appeals | Europe | Customs tax audit and appeals
Loss contingency
Canceled customs tax assessments						$ 9,600	€ 8.1
Italy | Second through seventh set of appeals | Minimum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments						Oct. 1, 2010	Oct. 1, 2010
Italy | Second through seventh set of appeals | Maximum | Europe | Customs tax audit and appeals
Loss contingency
Period covering canceled assessments						Dec. 31, 2012	Dec. 31, 2012
Judicial ruling | U.S. | Gucci America, Inc.
Loss contingency
Damages sought in litigation case		$ 26,000
Accounting profits sought by plaintiff as compensation		99,000
Monetary damages awarded by court		2,300
Monetary damages awarded by court to be paid by the Company's licensees		$ 2,300
Pending litigation | 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
Damages sought in litigation case	$ 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) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Components of net periodic defined benefit pension cost
Service cost	$ 469	$ 392	$ 960	$ 771
Interest cost	480	482	963	964
Expected return on plan assets	(46)	(47)	(95)	(93)
Net amortization of unrecognized prior service credit	(6)	(7)	(13)	(14)
Net amortization of actuarial losses	111	85	228	171
Net periodic defined benefit pension cost	1,008	905	2,043	1,799
SERP
Defined Benefit Plans
SERP benefit payments	400	400	800	800
Components of net periodic defined benefit pension cost
Service cost	0	0	0	0
Interest cost	460	460	921	920
Expected return on plan assets	0	0	0	0
Net amortization of unrecognized prior service credit	0	0	0	0
Net amortization of actuarial losses	38	38	76	77
Net periodic defined benefit pension cost	498	498	997	997
Swiss Pension Plan | Switzerland
Defined Benefit Plans
Projected benefit obligation	19,000		19,000		$ 17,600
Plan assets at fair value	15,400		15,400		14,100
Components of net periodic defined benefit pension cost
Service cost	469	392	960	771
Interest cost	20	22	42	44
Expected return on plan assets	(46)	(47)	(95)	(93)
Net amortization of unrecognized prior service credit	(6)	(7)	(13)	(14)
Net amortization of actuarial losses	73	47	152	94
Net periodic defined benefit pension cost	510	407	1,046	802
Other income/expense | SERP
Defined Benefit Plans
Gains as a result of changes in value of the insurance policy investments, included in other income	1,900	$ 1,900	3,800	$ 5,100
Other assets | SERP
Defined Benefit Plans
Cash surrender values of the insurance policies held in a rabbi trust	61,600		61,600		58,600
Accrued expenses and other long-term liabilities | SERP
Defined Benefit Plans
Projected benefit obligation	53,600		53,600		53,500
Other long-term liabilities | Swiss Pension Plan | Switzerland
Defined Benefit Plans
Net liability	$ 3,600		$ 3,600		$ 3,500

Fair Value Measurements (Detail

Fair Value Measurements (Details) € in Millions	3 Months Ended		6 Months Ended	12 Months Ended
	Jul. 29, 2017USD ($)	Jul. 29, 2017EUR (€)	Jul. 29, 2017USD ($)	Jan. 28, 2017USD ($)	Jul. 29, 2017EUR (€)
Transfers of financial instruments between the three levels of fair value hierarchy
Value of transfers between levels			$ 0	$ 0
Private equity fund
Investment in private equity fund
Payments to acquire investment in private equity fund	$ 500,000	€ 0.5
Unfunded commitment to invest in private equity fund	5,300,000		5,300,000		€ 4.5
Private equity fund | Other assets
Investment in private equity fund
Investment in private equity fund	500,000		500,000		€ 0.5
Assets and liabilities measured at fair value on a recurring basis
Assets:
Foreign exchange currency contracts, Assets	44,000		44,000	9,868,000
Interest rate swap	643,000		643,000	876,000
Total Assets	687,000		687,000	10,744,000
Liabilities:
Foreign exchange currency contracts, Liabilities	14,043,000		14,043,000	1,424,000
Deferred compensation obligations	12,377,000		12,377,000	11,184,000
Total Liabilities	26,420,000		26,420,000	12,608,000
Assets and liabilities measured at fair value on a recurring basis | Level 1
Assets:
Foreign exchange currency contracts, Assets	0		0	0
Interest rate swap	0		0	0
Total Assets	0		0	0
Liabilities:
Foreign exchange currency contracts, Liabilities	0		0	0
Deferred compensation obligations	0		0	0
Total Liabilities	0		0	0
Assets and liabilities measured at fair value on a recurring basis | Level 2
Assets:
Foreign exchange currency contracts, Assets	44,000		44,000	9,868,000
Interest rate swap	643,000		643,000	876,000
Total Assets	687,000		687,000	10,744,000
Liabilities:
Foreign exchange currency contracts, Liabilities	14,043,000		14,043,000	1,424,000
Deferred compensation obligations	12,377,000		12,377,000	11,184,000
Total Liabilities	26,420,000		26,420,000	12,608,000
Assets and liabilities measured at fair value on a recurring basis | Level 3
Assets:
Foreign exchange currency contracts, Assets	0		0	0
Interest rate swap	0		0	0
Total Assets	0		0	0
Liabilities:
Foreign exchange currency contracts, Liabilities	0		0	0
Deferred compensation obligations	0		0	0
Total Liabilities	$ 0		$ 0	$ 0

Fair Value Measurements (Deta55

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Asset impairment charge
Period of time new regular retail locations in penetrated markets would need to be opened to be considered for impairment			1 year
Asset impairment charges	$ 1,233	$ 502	$ 3,995	$ 655
North America | Retail locations
Asset impairment charge
Asset impairment charges	$ 1,233	$ 502	$ 3,995	$ 655

Derivative Financial Instrume56

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017
ASSETS:
Derivatives, assets	$ 687	$ 10,744
LIABILITIES:
Derivatives, liabilities	14,043	1,424
Derivatives designated as hedging instruments | Cash flow hedges
ASSETS:
Derivatives, assets	674	6,948
Derivatives designated as hedging instruments | Foreign exchange currency contracts | Other current assets/Other assets | Cash flow hedges
ASSETS:
Derivatives, assets	31	6,072
Derivatives designated as hedging instruments | Foreign exchange currency contracts | Accrued expenses/Other long-term liabilities | Cash flow hedges
LIABILITIES:
Derivatives, liabilities	9,620	1,250
Derivatives designated as hedging instruments | Interest rate swap | Other assets | Cash flow hedges
ASSETS:
Derivatives, assets	643	876
Derivatives not designated as hedging instruments | Foreign exchange currency contracts | Other current assets/Other assets
ASSETS:
Derivatives, assets	13	3,796
Derivatives not designated as hedging instruments | Foreign exchange currency contracts | Accrued expenses
LIABILITIES:
Derivatives, liabilities	$ 4,423	$ 174

Derivative Financial Instrume57

Derivative Financial Instruments (Details 2) - USD ($)	6 Months Ended	12 Months Ended
	Jul. 29, 2017	Jan. 28, 2017	Apr. 29, 2017	Jul. 30, 2016	Apr. 30, 2016	Jan. 30, 2016
Forward contracts designated as hedging instruments
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ (8,751,000)	$ 5,400,000	$ 4,948,000	$ (37,000)	$ (3,773,000)	$ 7,252,000
Foreign exchange currency cash flow hedge unrealized loss to be recognized in cost of product sales or other expense over the following 12 months	(4,200,000)
Interest rate swap cash flow hedge unrealized gain to be recognized in interest expense after the following 12 months	$ 400,000
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	$ (9,200,000)
Foreign exchange currency contracts | Cash flow hedges | Europe | Derivatives designated as hedging instruments
Forward contracts designated as hedging instruments
Total notional amount of derivatives purchased	82,000,000
Notional amount of derivative outstanding	142,300,000	104,200,000
Foreign exchange currency contracts | Cash flow hedges | Canada | Derivatives designated as hedging instruments
Forward contracts designated as hedging instruments
Total notional amount of derivatives purchased	12,300,000
Notional amount of derivative outstanding	52,000,000	66,900,000
Interest rate swap
Forward contracts designated as hedging instruments
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ 400,000
Interest rate swap | Cash flow hedges | Derivatives designated as hedging instruments
Forward contracts designated as hedging instruments
Total notional amount of derivatives purchased		21,500,000
Notional amount of derivative outstanding		$ 21,500,000
Derivate maturity date	Jan. 31, 2026
Fixed rate of interest rate swap designated as a cash flow hedge (as a percent)	3.06%

Derivative Financial Instrume58

Derivative Financial Instruments (Details 3) - USD ($)		3 Months Ended		6 Months Ended
		Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss)
Amount of ineffectiveness recognized in net earnings (loss) on interest rate swap		$ 0	$ 0	$ 0	$ 0
Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
Beginning balance gain (loss)		4,948,000	(3,773,000)	5,400,000	7,252,000
Net gains (losses) from changes in cash flow hedges		(13,093,000)	4,617,000	(12,969,000)	(5,263,000)
Net gains reclassified to earnings (loss)		(606,000)	(881,000)	(1,182,000)	(2,026,000)
Ending balance loss		(8,751,000)	(37,000)	(8,751,000)	(37,000)
Cost of product sales
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss)
Gain (loss) recognized in OCI on foreign exchange currency contracts		(14,673,000)	5,762,000	(13,816,000)	(5,650,000)
Gain reclassified from accumulated OCI into earnings (loss) on foreign exchange currency contracts	[1]	661,000	1,141,000	1,279,000	2,576,000
Other income/expense
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss)
Gain (loss) recognized in OCI on foreign exchange currency contracts		(785,000)	343,000	(996,000)	(356,000)
Gain reclassified from accumulated OCI into earnings (loss) on foreign exchange currency contracts	[1]	14,000	49,000	93,000	81,000
Interest expense
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss)
Loss recognized in OCI on interest rate swap		(77,000)	(685,000)	(277,000)	(817,000)
Loss reclassified from accumulated OCI into earnings (loss) on interest rate swap	[1]	(26,000)	(59,000)	(62,000)	(110,000)
Interest income
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss)
Amount of ineffectiveness recognized in net earnings (loss) on foreign exchange currency contracts		$ 900,000	$ 100,000	$ 1,500,000	$ 500,000
[1]	The Company recognized gains of $0.9 million and $1.5 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three and six months ended July 29, 2017, respectively. 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. There was no ineffectiveness recognized related to the interest rate swap during the three and six months ended July 29, 2017 and July 30, 2016.

Derivative Financial Instrume59

Derivative Financial Instruments (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
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)			8 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 (loss) before taxes	$ (6,540)	$ 2,885	$ (7,333)	$ (3,144)
Foreign exchange currency contracts | Derivatives not designated as hedging instruments | Euro
Derivative instruments not designated as hedging instruments
Notional amount of derivative outstanding	69,700		69,700		$ 81,400
Foreign exchange currency contracts | Derivatives not designated as hedging instruments | Canadian dollar
Derivative instruments not designated as hedging instruments
Notional amount of derivative outstanding	11,300		11,300		$ 13,900
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 (loss) before taxes	$ 0	$ 0	$ 0	$ 38

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, $ in Millions	Aug. 23, 2017$ / shares	Oct. 28, 2017USD ($)lease	Jul. 29, 2017$ / shares	Jul. 30, 2016$ / shares	Jul. 29, 2017$ / shares	Jul. 30, 2016$ / shares
Dividends
Cash dividend announced on common stock (in dollars per share) | $ / shares			$ 0.225	$ 0.225	$ 0.45	$ 0.45
Minimum | Lease modification with a common landlord | North America
Other
Lease expiration date (by year)					2,018
Maximum | Lease modification with a common landlord | North America
Other
Lease expiration date (by year)					2,026
Subsequent Events
Dividends
Cash dividend announced on common stock (in dollars per share) | $ / shares	$ 0.225
Payment date of cash dividend	Sep. 22, 2017
Record date of cash dividend	Sep. 6, 2017
Subsequent Events | Lease modification with a common landlord | North America
Other
Number of leases | lease		26
Up-front payment related to lease modification		$ 22
Lease termination charge		12
Advance rent payments		$ 10
Subsequent Events | Minimum | Lease modification with a common landlord | North America
Other
Lease expiration date (by year)		2,018
Subsequent Events | Maximum | Lease modification with a common landlord | North America
Other
Lease expiration date (by year)		2,020