Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Oct. 31, 2013 | Dec. 04, 2013 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 31-Oct-13 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'URBN | ' |
Entity Registrant Name | 'URBAN OUTFITTERS INC | ' |
Entity Central Index Key | '0000912615 | ' |
Current Fiscal Year End Date | '--01-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 147,309,575 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Oct. 31, 2013 | Jan. 31, 2013 | Oct. 31, 2012 |
In Thousands, unless otherwise specified | |||
Current assets: | ' | ' | ' |
Cash and cash equivalents | $194,929 | $245,327 | $216,648 |
Marketable securities | 227,547 | 228,486 | 146,065 |
Accounts receivable, net of allowance for doubtful accounts of $1,371, $1,681 and $1,326, respectively | 54,717 | 39,519 | 43,913 |
Inventories | 406,712 | 282,411 | 395,406 |
Prepaid expenses, deferred taxes and other current assets | 92,876 | 76,541 | 64,233 |
Total current assets | 976,781 | 872,284 | 866,265 |
Property and equipment, net | 783,662 | 733,416 | 734,793 |
Marketable securities | 303,200 | 149,585 | 93,767 |
Deferred income taxes and other assets | 54,669 | 41,926 | 60,770 |
Total Assets | 2,118,312 | 1,797,211 | 1,755,595 |
Current liabilities: | ' | ' | ' |
Accounts payable | 160,787 | 99,059 | 162,542 |
Accrued expenses, accrued compensation and other current liabilities | 165,129 | 151,136 | 132,547 |
Total current liabilities | 325,916 | 250,195 | 295,089 |
Deferred rent and other liabilities | 196,114 | 192,428 | 190,648 |
Total Liabilities | 522,030 | 442,623 | 485,737 |
Commitments and contingencies (see Note 10) | ' | ' | ' |
Shareholders' equity: | ' | ' | ' |
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued | ' | ' | ' |
Common shares; $.0001 par value, 200,000,000 shares authorized, 147,277,047, 146,015,767 and 145,869,067 shares issued and outstanding, respectively | 15 | 15 | 15 |
Additional paid-in-capital | 93,245 | 48,276 | 44,168 |
Retained earnings | 1,508,757 | 1,315,079 | 1,232,531 |
Accumulated other comprehensive loss | -5,735 | -8,782 | -6,856 |
Total Shareholders' Equity | 1,596,282 | 1,354,588 | 1,269,858 |
Total Liabilities and Shareholders' Equity | $2,118,312 | $1,797,211 | $1,755,595 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Oct. 31, 2013 | Jan. 31, 2013 | Oct. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | |||
Accounts receivable, allowance for doubtful accounts | $1,371 | $1,681 | $1,326 |
Preferred shares, par value | $0.00 | $0.00 | $0.00 |
Preferred shares, shares authorized | 10,000,000 | 10,000,000 | 10,000,000 |
Preferred shares, shares issued | ' | ' | ' |
Common shares, par value | $0.00 | $0.00 | $0.00 |
Common shares, shares authorized | 200,000,000 | 200,000,000 | 200,000,000 |
Common shares, shares issued | 147,277,047 | 146,015,767 | 145,869,067 |
Common shares, shares outstanding | 147,277,047 | 146,015,767 | 145,869,067 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 |
Net sales | $774,049 | $692,894 | $2,180,750 | $1,938,093 |
Cost of sales | 481,764 | 432,043 | 1,351,413 | 1,220,258 |
Gross profit | 292,285 | 260,851 | 829,337 | 717,835 |
Selling, general and administrative expenses | 186,826 | 167,341 | 531,595 | 475,472 |
Income from operations | 105,459 | 93,510 | 297,742 | 242,363 |
Other (expense) income, net | -186 | 128 | -108 | 571 |
Income before income taxes | 105,273 | 93,638 | 297,634 | 242,934 |
Income tax expense | 35,016 | 34,120 | 103,956 | 88,168 |
Net income | $70,257 | $59,518 | $193,678 | $154,766 |
Net income per common share: | ' | ' | ' | ' |
Basic | $0.48 | $0.41 | $1.32 | $1.07 |
Diluted | $0.47 | $0.40 | $1.30 | $1.06 |
Weighted-average common shares outstanding: | ' | ' | ' | ' |
Basic | 147,405,769 | 145,539,816 | 146,918,029 | 145,024,545 |
Diluted | 149,517,146 | 147,086,982 | 149,232,609 | 146,092,442 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 |
Net income | $70,257 | $59,518 | $193,678 | $154,766 |
Other comprehensive income: | ' | ' | ' | ' |
Foreign currency translation | 6,961 | 2,515 | 2,546 | 3,336 |
Change in unrealized gains on marketable securities, net of tax | 321 | 44 | 501 | 1,320 |
Total other comprehensive income | 7,282 | 2,559 | 3,047 | 4,656 |
Comprehensive income | $77,539 | $62,077 | $196,725 | $159,422 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Oct. 31, 2013 | Oct. 31, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $193,678 | $154,766 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 97,786 | 87,384 |
Benefit for deferred income taxes | -16,910 | -6,564 |
Excess tax benefit on share-based compensation expense | -9,438 | -5,438 |
Share-based compensation expense | 12,411 | 10,663 |
Loss (gain) on disposition of property and equipment, net | 1,350 | -82 |
Changes in assets and liabilities: | ' | ' |
Receivables | -15,094 | -7,261 |
Inventories | -123,349 | -144,603 |
Prepaid expenses and other assets | 347 | 37,144 |
Payables, accrued expenses and other liabilities | 69,846 | 64,383 |
Net cash provided by operating activities | 210,627 | 190,392 |
Cash flows from investing activities: | ' | ' |
Cash paid for property and equipment | -128,460 | -130,470 |
Cash paid for marketable securities | -491,404 | -198,730 |
Sales and maturities of marketable securities | 326,103 | 175,991 |
Net cash used in investing activities | -293,761 | -153,209 |
Cash flows from financing activities: | ' | ' |
Proceeds from the exercise of stock options | 34,200 | 28,068 |
Excess tax benefits from stock option exercises | 9,438 | 5,438 |
Share repurchases related to share repurchase program | -10,694 | ' |
Share repurchases related to taxes for share-based awards | -385 | ' |
Net cash provided by financing activities | 32,559 | 33,506 |
Effect of exchange rate changes on cash and cash equivalents | 177 | 686 |
(Decrease) increase in cash and cash equivalents | -50,398 | 71,375 |
Cash and cash equivalents at beginning of period | 245,327 | 145,273 |
Cash and cash equivalents at end of period | 194,929 | 216,648 |
Cash paid during the year for: | ' | ' |
Income taxes | 110,245 | 63,365 |
Non-cash investing activities-Accrued capital expenditures | $25,968 | $22,301 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Oct. 31, 2013 | |
Basis of Presentation | ' |
1. Basis of Presentation | |
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These condensed financial statements should be read in conjunction with Urban Outfitters, Inc.’s (the “Company’s”) Annual Report on Form 10-K for the fiscal year ended January 31, 2013, filed with the United States Securities and Exchange Commission on April 1, 2013. | |
The Company’s business is subject to seasonal variations in which a greater percentage of the Company’s annual net sales and net income typically occur during the period from August 1 through December 31 of the fiscal year. Accordingly, the results of operations for the three and nine months ended October 31, 2013 are not necessarily indicative of the results to be expected for the full year. | |
The Company’s fiscal year ends on January 31. All references in these notes to the Company’s fiscal years refer to the fiscal years ended on January 31 in those years. For example, the Company’s fiscal year 2014 will end on January 31, 2014. |
Recently_Issued_and_Adopted_Ac
Recently Issued and Adopted Accounting Pronouncements | 9 Months Ended |
Oct. 31, 2013 | |
Recently Issued and Adopted Accounting Pronouncements | ' |
2. Recently Issued and Adopted Accounting Pronouncements | |
In February 2013, the FASB issued an accounting standards update that amends existing guidance by requiring that additional information be disclosed about items reclassified (“reclassification adjustments”) out of accumulated other comprehensive income. The additional information includes separately stating the total change for each component of other comprehensive income (for example unrealized gains or losses on available-for-sale securities or foreign currency translation) and separately disclosing both current-period other comprehensive income and reclassification adjustments. Entities are also required to present, either on the face of the income statement or in the notes to the financial statements, significant amounts reclassified out of accumulated other comprehensive income as separate line items of net income, but only if the entire amount reclassified must be reclassified to net income in the same reporting period (see Note 8). For amounts that are not required to be reclassified in their entirety to net income, an entity must cross-reference to other disclosures that provide additional detail about those amounts. This update became effective for the Company beginning February 1, 2013. Other than the change in presentation, this accounting standards update did not have an impact on the Company’s financial position, results of operations or cash flows. |
Marketable_Securities
Marketable Securities | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Marketable Securities | ' | ||||||||||||||||
3. Marketable Securities | |||||||||||||||||
During all periods presented, marketable securities are classified as available-for-sale. The amortized cost, gross unrealized gains (losses) and fair value of available-for-sale securities by major security type and class of security as of October 31, 2013, January 31, 2013 and October 31, 2012 were as follows: | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||
Cost | Gains | (Losses) | Value | ||||||||||||||
As of October 31, 2013 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 77,806 | $ | 37 | $ | (25 | ) | $ | 77,818 | ||||||||
Municipal and pre-refunded municipal bonds | 84,662 | 71 | (3 | ) | 84,730 | ||||||||||||
Certificates of deposit | 26,733 | 17 | — | 26,750 | |||||||||||||
Commercial paper | 28,159 | 10 | (2 | ) | 28,167 | ||||||||||||
Treasury bills | 10,079 | 3 | — | 10,082 | |||||||||||||
227,439 | 138 | (30 | ) | 227,547 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 156,170 | 197 | (144 | ) | 156,223 | ||||||||||||
Municipal and pre-refunded municipal bonds | 122,356 | 324 | (13 | ) | 122,667 | ||||||||||||
Certificates of deposit | 2,001 | 1 | — | 2,002 | |||||||||||||
Treasury bills | 12,183 | 9 | — | 12,192 | |||||||||||||
Federal government agencies | 8,784 | 4 | — | 8,788 | |||||||||||||
Mutual funds, held in rabbi trust | 1,236 | 92 | — | 1,328 | |||||||||||||
302,730 | 627 | (157 | ) | 303,200 | |||||||||||||
$ | 530,169 | $ | 765 | $ | (187 | ) | $ | 530,747 | |||||||||
As of January 31, 2013 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 88,432 | $ | 106 | $ | (23 | ) | $ | 88,515 | ||||||||
Municipal and pre-refunded municipal bonds | 63,355 | 85 | (17 | ) | 63,423 | ||||||||||||
Certificates of deposit | 40,870 | 25 | — | 40,895 | |||||||||||||
Commercial paper | 10,775 | 8 | (2 | ) | 10,781 | ||||||||||||
Treasury bills | 21,354 | 14 | — | 21,368 | |||||||||||||
Federal government agencies | 3,500 | 4 | — | 3,504 | |||||||||||||
228,286 | 242 | (42 | ) | 228,486 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 64,219 | 102 | (61 | ) | 64,260 | ||||||||||||
Municipal and pre-refunded municipal bonds | 52,925 | 76 | (60 | ) | 52,941 | ||||||||||||
Certificates of deposit | 2,340 | — | — | 2,340 | |||||||||||||
Treasury bills | 19,724 | 13 | — | 19,737 | |||||||||||||
Federal government agencies | 5,974 | 5 | (2 | ) | 5,977 | ||||||||||||
Auction rate securities | 4,925 | — | (595 | ) | 4,330 | ||||||||||||
150,107 | 196 | (718 | ) | 149,585 | |||||||||||||
$ | 378,393 | $ | 438 | $ | (760 | ) | $ | 378,071 | |||||||||
As of October 31, 2012 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 64,975 | $ | 89 | $ | (7 | ) | $ | 65,057 | ||||||||
Municipal and pre-refunded municipal bonds | 29,937 | 98 | (6 | ) | 30,029 | ||||||||||||
Certificate of deposit | 28,676 | 28 | — | 28,704 | |||||||||||||
Commercial paper | 8,178 | 11 | — | 8,189 | |||||||||||||
Treasury bills | 10,582 | 4 | — | 10,586 | |||||||||||||
Federal government agencies | 3,500 | — | — | 3,500 | |||||||||||||
145,848 | 230 | (13 | ) | 146,065 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 46,507 | 155 | (57 | ) | 46,605 | ||||||||||||
Municipal and pre-refunded municipal bonds | 21,456 | 47 | (27 | ) | 21,476 | ||||||||||||
Certificate of deposit | 1,925 | 1 | — | 1,926 | |||||||||||||
Treasury bills | 18,211 | 7 | (1 | ) | 18,217 | ||||||||||||
Federal government agencies | 1,211 | 2 | — | 1,213 | |||||||||||||
Auction rate securities | 4,925 | — | (595 | ) | 4,330 | ||||||||||||
94,235 | 212 | (680 | ) | 93,767 | |||||||||||||
$ | 240,083 | $ | 442 | $ | (693 | ) | $ | 239,832 | |||||||||
Proceeds from the sale and maturities of available-for-sale securities were $326,103 and $175,991 for the nine months ended October 31, 2013 and 2012, respectively. The Company included in “Other (expense) income, net,” realized gains of $37 and losses of $165 for the three and nine months ended October 31, 2013, respectively. The Company included in “Other (expense) income, net,” realized gains of $36 and $249 for the three and nine months ended October 31, 2012, respectively. Amortization of discounts and premiums, net, resulted in charges of $2,992 and $7,711 for the three and nine months ended October 31, 2013, respectively. Amortization of discounts and premiums, net, resulted in charges of $1,179 and $3,657 for the three and nine months ended October 31, 2012, respectively. Mutual funds represent assets held in an irrevocable rabbi trust for the Urban Outfitters, Inc. Nonqualified Deferred Compensation Plan (“NQDC”), which was established during the first quarter of fiscal 2014. These assets are a source of funds to match the funding obligations to participants in the NQDC but are subject to the Company’s general creditors. The Company elected the fair value option for financial assets for the mutual funds held in the rabbi trust resulting in all unrealized gains and losses being recorded in “Other (expense) income, net” in the Condensed Consolidated Statements of Income and not as a component of accumulated other comprehensive loss. | |||||||||||||||||
In April 2013, the Company sold all of its remaining auction rate securities (“ARS”) for approximately $4.6 million in cash. The Company’s ARS had a par value and a recorded fair value of $4.9 million and $4.3 million, respectively, prior to the sale in April 2013 and as of January 31, 2013 and October 31, 2012. |
Fair_Value
Fair Value | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Fair Value | ' | ||||||||||||||||
4. Fair Value | |||||||||||||||||
The Company utilizes a hierarchy that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques (market approach, income approach and cost approach that relate to its financial assets and financial liabilities). The levels of the hierarchy are described as follows: | |||||||||||||||||
• | Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||
• | Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. | ||||||||||||||||
• | Level 3: Unobservable inputs that reflect the Company’s own assumptions. | ||||||||||||||||
Management’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of financial assets and liabilities and their placement within the fair value hierarchy. The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below: | |||||||||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
October 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 234,041 | $ | — | $ | — | $ | 234,041 | |||||||||
Municipal and pre-refunded municipal bonds | — | 207,397 | — | 207,397 | |||||||||||||
Certificates of deposit | — | 28,752 | — | 28,752 | |||||||||||||
Commercial paper | — | 28,167 | — | 28,167 | |||||||||||||
Treasury bills | 22,274 | — | — | 22,274 | |||||||||||||
Federal government agencies | 8,788 | — | — | 8,788 | |||||||||||||
Mutual funds, held in rabbi trust | 1,328 | — | — | 1,328 | |||||||||||||
$ | 266,431 | $ | 264,316 | $ | — | $ | 530,747 | ||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
January 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 152,775 | $ | — | $ | — | $ | 152,775 | |||||||||
Municipal and pre-refunded municipal bonds | — | 116,364 | — | 116,364 | |||||||||||||
Certificates of deposit | — | 43,235 | — | 43,235 | |||||||||||||
Commercial paper | — | 10,781 | — | 10,781 | |||||||||||||
Treasury bills | 41,105 | — | — | 41,105 | |||||||||||||
Federal government agencies | 9,481 | — | — | 9,481 | |||||||||||||
Auction rate securities | — | — | 4,330 | 4,330 | |||||||||||||
$ | 203,361 | $ | 170,380 | $ | 4,330 | $ | 378,071 | ||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
October 31, 2012 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 111,662 | $ | — | $ | — | $ | 111,662 | |||||||||
Municipal and pre-refunded municipal bonds | — | 51,505 | — | 51,505 | |||||||||||||
Certificates of deposit | — | 30,630 | — | 30,630 | |||||||||||||
Commercial paper | — | 8,189 | — | 8,189 | |||||||||||||
Treasury bills | 28,803 | — | — | 28,803 | |||||||||||||
Federal government agencies | 4,713 | — | — | 4,713 | |||||||||||||
Auction rate securities | — | — | 4,330 | 4,330 | |||||||||||||
$ | 145,178 | $ | 90,324 | $ | 4,330 | $ | 239,832 | ||||||||||
Level 1 assets consist of financial instruments whose value has been based on inputs that use, as their basis, readily observable market data that are actively quoted and are validated through external sources, including third-party pricing services and brokers. | |||||||||||||||||
Level 2 assets consist of financial instruments whose value has been based on quoted prices for similar securities in active markets as well as quoted prices for identical or similar securities in markets that are not active. | |||||||||||||||||
Level 3 consists of financial instruments where there was no active market as of January 31, 2013 and October 31, 2012. During April 2013, we sold all of our remaining ARS for approximately $4.6 million in cash. As a result, there were no Level 3 investments at October 31, 2013. The Company’s ARS had a par value and a recorded fair value of $4.9 million and $4.3 million, respectively, prior to the sale in April 2013 and as of January 31, 2013 and October 31, 2012. | |||||||||||||||||
Below is a reconciliation of the beginning and ending ARS balances that the Company valued using a Level 3 valuation for the periods shown. | |||||||||||||||||
Three Months Ended | Fiscal Year Ended | Three Months Ended | |||||||||||||||
October 31, 2013 | January 31, 2013 | October 31, 2012 | |||||||||||||||
Balance at beginning of period | $ | — | $ | 20,197 | $ | 4,330 | |||||||||||
Total gains realized/unrealized: | |||||||||||||||||
Included in earnings | — | — | — | ||||||||||||||
Included in other comprehensive income | — | 2,183 | — | ||||||||||||||
Settlements | — | (18,050 | ) | — | |||||||||||||
Transfers in and/or out of Level 3 | — | — | — | ||||||||||||||
Balance at end of period | $ | — | $ | 4,330 | $ | 4,330 | |||||||||||
Unrealized losses included in accumulated other comprehensive loss related to assets still held at reporting date | $ | — | $ | (595 | ) | $ | (595 | ) | |||||||||
Total gains for the period included in earnings attributable to the change in unrealized gains or losses related to assets still held at reporting date | $ | — | $ | — | $ | — | |||||||||||
Nine Months Ended | Nine Months Ended | ||||||||||||||||
October 31, 2013 | October 31, 2012 | ||||||||||||||||
Balance at beginning of period | $ | 4,330 | $ | 20,197 | |||||||||||||
Total (losses)/gains realized/unrealized: | |||||||||||||||||
Included in earnings | (345 | ) | — | ||||||||||||||
Included in other comprehensive income | 595 | 2,183 | |||||||||||||||
Settlements | (4,580 | ) | (18,050 | ) | |||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance at end of period | $ | — | $ | 4,330 | |||||||||||||
Unrealized losses included in accumulated other comprehensive loss related to assets still held at reporting date | $ | — | $ | (595 | ) | ||||||||||||
Total gains for the period included in earnings attributable to the change in unrealized gains or losses related to assets still held at reporting date | $ | — | $ | — | |||||||||||||
The fair value of cash and cash equivalents (Level 1) approximate carrying value since cash and cash equivalents consist of short-term highly liquid investments with maturities of three months or less. As of October 31, 2013, cash and cash equivalents included cash on hand, cash in banks and money market accounts. |
Line_of_Credit_Facility
Line of Credit Facility | 9 Months Ended |
Oct. 31, 2013 | |
Line of Credit Facility | ' |
5. Line of Credit Facility | |
The Company has a line of credit facility (the “Line”) with Wells Fargo Bank, National Association. During the second quarter of fiscal 2013, the Company used the accordion feature of the Line to increase the total available credit under the Line from $100 million to $175 million. The Line contains a sub-limit for borrowings by the Company’s European subsidiaries that are guaranteed by the Company. Cash advances bear interest at LIBOR plus 0.50% to 1.50% based on the Company’s achievement of prescribed adjusted debt ratios. The Line subjects the Company to various restrictive covenants, including maintenance of certain financial ratios such as adjusted debt. The covenants also include limitations on the Company’s capital expenditures and the payment of cash dividends. As of October 31, 2013, there were no borrowings under the Line and the Company was in compliance with all covenants. Outstanding letters of credit and stand-by letters of credit under the Line totaled approximately $66,492 as of October 31, 2013. The available credit under the Line was $108,508 as of October 31, 2013. |
ShareBased_Compensation
Share-Based Compensation | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Share-Based Compensation | ' | ||||||||||||||||
6. Share-Based Compensation | |||||||||||||||||
The Company maintains stock incentive plans pursuant to which it can grant restricted shares, unrestricted shares, incentive stock options, nonqualified stock options, restricted stock units (“RSU’s”), performance stock units (“PSU’s”) or stock appreciation rights (“SAR’s”). A lattice binomial pricing model was used to estimate the fair values of stock options and SAR’s. The fair value of each of the PSU’s was determined using a Monte Carlo simulation. | |||||||||||||||||
Share-based compensation expense (income) included in selling, general and administrative expenses in the Condensed Consolidated Statements of Income, for the three and nine months ended October 31, 2013 and 2012 was as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
October 31, | October 31, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Stock Options | $ | 677 | $ | 426 | $ | 2,202 | $ | 1,418 | |||||||||
Stock Appreciation Rights | 753 | 664 | 2,280 | 1,833 | |||||||||||||
Performance Stock Units | 3,489 | 2,928 | 7,748 | 7,421 | |||||||||||||
Restricted Stock Units | 67 | 3 | 181 | (9 | ) | ||||||||||||
Total | $ | 4,986 | $ | 4,021 | $ | 12,411 | $ | 10,663 | |||||||||
The share-based awards issued and the weighted-average fair value for the nine months ended October 31, 2013 were as follows: | |||||||||||||||||
Nine Months Ended | |||||||||||||||||
October 31, 2013 | |||||||||||||||||
Awards Issued | Weighted | ||||||||||||||||
Average Fair | |||||||||||||||||
Value | |||||||||||||||||
Stock Options | 100,000 | $ | 9.67 | ||||||||||||||
Stock Appreciation Rights | 27,500 | $ | 14.11 | ||||||||||||||
Performance Stock Units | 1,460,000 | $ | 25.14 | ||||||||||||||
Restricted Stock Units | 10,000 | $ | 39.06 | ||||||||||||||
Total | 1,597,500 | ||||||||||||||||
The total unrecognized compensation cost related to outstanding share-based awards and the weighted-average period in which the cost is expected to be recognized as of October 31, 2013 were as follows: | |||||||||||||||||
October 31, 2013 | |||||||||||||||||
Unrecognized | Weighted | ||||||||||||||||
Compensation | Average | ||||||||||||||||
Cost | Years | ||||||||||||||||
Stock Options | $ | 1,186 | 0.8 | ||||||||||||||
Stock Appreciation Rights | 6,752 | 2.5 | |||||||||||||||
Performance Stock Units | 50,181 | 3.6 | |||||||||||||||
Restricted Stock Units | 193 | 1 | |||||||||||||||
Total | $ | 58,312 | 3.4 | ||||||||||||||
Shareholders_Equity
Shareholders' Equity | 9 Months Ended |
Oct. 31, 2013 | |
Shareholders' Equity | ' |
7. Shareholders’ Equity | |
On August 27, 2013, the Company’s Board of Directors authorized the repurchase of 10,000,000 common shares under a share repurchase program. The Company repurchased and subsequently retired 300,300 common shares at a total cost of $10,694 during the three and nine months ended October 31, 2013. The average cost per share of the repurchases for the three and nine months ended October 31, 2013 was $35.61, including commissions. | |
In addition to the shares repurchased under the share repurchase program, the Company acquired and subsequently retired 9,178 common shares at a total cost of $385 from employees to meet minimum statutory tax withholding requirements during the nine months ended October 31, 2013. |
Other_Comprehensive_Income_Los
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss | 9 Months Ended | ||||||||||||
Oct. 31, 2013 | |||||||||||||
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss | ' | ||||||||||||
8. Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss | |||||||||||||
The following tables present the change in accumulated other comprehensive loss, by component, net of tax, for the three and nine months ended October 31, 2013: | |||||||||||||
Three Months Ended October 31, 2013 | |||||||||||||
Foreign Currency | Unrealized Gains and | Total | |||||||||||
Translation | (Losses) on Availabile- | ||||||||||||
for-Sale Securities | |||||||||||||
Beginning Balance | $ | (12,997 | ) | $ | (20 | ) | $ | (13,017 | ) | ||||
Other comprehensive income/(loss) before reclassifications | 6,961 | 358 | 7,319 | ||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | (37 | ) | (37 | ) | ||||||||
Net current-period other comprehensive income/(loss) | 6,961 | 321 | 7,282 | ||||||||||
Ending Balance | $ | (6,036 | ) | $ | 301 | $ | (5,735 | ) | |||||
Nine Months Ended October 31, 2013 | |||||||||||||
Foreign Currency | Unrealized Gains and | Total | |||||||||||
Translation | (Losses) on Availabile- | ||||||||||||
for-Sale Securities | |||||||||||||
Beginning Balance | $ | (8,582 | ) | $ | (200 | ) | $ | (8,782 | ) | ||||
Other comprehensive income/(loss) before reclassifications | 2,546 | 336 | 2,882 | ||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | 165 | 165 | ||||||||||
Net current-period other comprehensive income/(loss) | 2,546 | 501 | 3,047 | ||||||||||
Ending Balance | $ | (6,036 | ) | $ | 301 | $ | (5,735 | ) | |||||
All unrealized gains and losses on available-for-sale securities reclassified from accumulated other comprehensive loss were recorded in “Other (expense) income, net” in the Condensed Consolidated Statements of Income. |
Net_Income_per_Common_Share
Net Income per Common Share | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Net Income per Common Share | ' | ||||||||||||||||
9. Net Income per Common Share | |||||||||||||||||
The following is a reconciliation of the weighted-average shares outstanding used for the computation of basic and diluted net income per common share: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
October 31, | October 31, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic weighted-average common shares outstanding | 147,405,769 | 145,539,816 | 146,918,029 | 145,024,545 | |||||||||||||
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units | 2,111,377 | 1,547,166 | 2,314,580 | 1,067,897 | |||||||||||||
Diluted weighted-average shares outstanding | 149,517,146 | 147,086,982 | 149,232,609 | 146,092,442 | |||||||||||||
For the three months ended October 31, 2013 and 2012, awards to purchase 204,500 and 2,904,808 common shares, respectively, were outstanding but were not included in the Company’s computation of diluted weighted-average shares outstanding because their effect would have been anti-dilutive. For the nine months ended October 31, 2013 and 2012, awards to purchase 101,500 and 3,219,200 common shares, respectively, were outstanding but were not included in the Company’s computation of diluted weighted-average shares outstanding because their effect would have been anti-dilutive. | |||||||||||||||||
Excluded from the calculation of diluted weighted-average shares outstanding as of October 31, 2013 and October 31, 2012, were 1,751,100 and 1,952,158 performance-based equity awards, respectively, since they did not meet the required performance criteria. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Oct. 31, 2013 | |
Commitments and Contingencies | ' |
10. Commitments and Contingencies | |
The Company is party to various legal proceedings arising from normal business activities. Management believes that the ultimate resolution of these matters will not have a material effect on the Company’s financial position or results of operations. |
Segment_Reporting
Segment Reporting | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Segment Reporting | ' | ||||||||||||||||
11. Segment Reporting | |||||||||||||||||
The Company is a global retailer of lifestyle-oriented general merchandise with two reporting segments—“Retail” and “Wholesale.” The Company’s Retail segment consists of the aggregation of its five brands operating through 500 stores under the retail names “Urban Outfitters,” “Anthropologie,” “Free People,” “Terrain” and “BHLDN” and includes their direct-to-consumer channels. Each of the Company’s brands, which include the retail stores and direct-to-consumer channels, are considered an operating segment. Net sales from the Retail segment accounted for approximately 94% of total consolidated net sales for the three and nine months ended October 31, 2013 and October 31, 2012, respectively. The remaining net sales are derived from the Company’s Wholesale segment that distributes apparel to approximately 1,400 better department and specialty retailers worldwide and to its Retail segment. | |||||||||||||||||
The Company has aggregated its brands into a Retail segment based upon their shared management, customer base and economic characteristics. Reporting in this format provides management with the financial information necessary to evaluate the success of the segments and the overall business. The Company evaluates the performance of the segments based on the net sales and pre-tax income from operations (excluding intercompany charges) of the segment. Corporate expenses include expenses incurred and directed by the corporate office that are not allocated to segments. The principal identifiable assets for each reporting segment are inventories and property and equipment. Other assets are comprised primarily of general corporate assets, which principally consist of cash and cash equivalents, marketable securities, deferred taxes and prepaid expenses, which are typically not allocated to the Company’s segments. The Company accounts for intersegment sales and transfers as if the sales and transfers were made to third parties making similar volume purchases. | |||||||||||||||||
The Company’s omni-channel strategy enhances its customers’ brand experience by providing a seamless approach to the customer shopping experience. The Company seeks to integrate all available shopping channels including stores, websites and catalogs (online and through mobile devices). Store sales are primarily fulfilled from that store’s inventory, but may also be shipped from any of our fulfillment centers or from a different store location if an item is not available at the original store. Direct-to-consumer orders are primarily shipped to our customers through our fulfillment centers but may also be shipped from any store or a combination of fulfillment center and store depending on the availability of a particular item. These capabilities allow us to better serve customers and helps us to fill orders that otherwise may have been canceled due to out-of-stock positions. | |||||||||||||||||
The accounting policies of the operating segments are the same as the policies described in Note 2, “Summary of Significant Accounting Policies,” in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2013. Both the Retail and Wholesale segments are highly diversified. No one customer constitutes more than 10% of the Company’s total consolidated net sales. A summary of the information about the Company’s operations by segment is as follows: | |||||||||||||||||
October 31, | January 31, | October 31, | |||||||||||||||
2013 | 2013 | 2012 | |||||||||||||||
Inventories | |||||||||||||||||
Retail operations | $ | 380,989 | $ | 265,787 | $ | 374,865 | |||||||||||
Wholesale operations | 25,723 | 16,624 | 20,541 | ||||||||||||||
Total inventories | $ | 406,712 | $ | 282,411 | $ | 395,406 | |||||||||||
Property and equipment, net | |||||||||||||||||
Retail operations | $ | 780,149 | $ | 730,489 | $ | 731,715 | |||||||||||
Wholesale operations | 3,513 | 2,927 | 3,078 | ||||||||||||||
Total property and equipment, net | $ | 783,662 | $ | 733,416 | $ | 734,793 | |||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
October 31, | October 31, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net sales | |||||||||||||||||
Retail operations | $ | 724,066 | $ | 651,408 | $ | 2,051,028 | $ | 1,828,185 | |||||||||
Wholesale operations | 52,928 | 43,559 | 136,595 | 114,837 | |||||||||||||
Intersegment elimination | (2,945 | ) | (2,073 | ) | (6,873 | ) | (4,929 | ) | |||||||||
Total net sales | $ | 774,049 | $ | 692,894 | $ | 2,180,750 | $ | 1,938,093 | |||||||||
Income from operations | |||||||||||||||||
Retail operations | $ | 100,877 | $ | 90,961 | $ | 289,861 | $ | 238,018 | |||||||||
Wholesale operations | 13,337 | 10,377 | 33,282 | 28,124 | |||||||||||||
Intersegment elimination | (311 | ) | (244 | ) | (692 | ) | (508 | ) | |||||||||
Total segment operating income | 113,903 | 101,094 | 322,451 | 265,634 | |||||||||||||
General corporate expenses | (8,444 | ) | (7,584 | ) | (24,709 | ) | (23,271 | ) | |||||||||
Total income from operations | $ | 105,459 | $ | 93,510 | $ | 297,742 | $ | 242,363 | |||||||||
The Company has foreign operations in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows: | |||||||||||||||||
October 31, | January 31, | October 31, | |||||||||||||||
2013 | 2013 | 2012 | |||||||||||||||
Property and equipment, net | |||||||||||||||||
Domestic operations | $ | 632,271 | $ | 586,068 | $ | 588,348 | |||||||||||
Foreign operations | 151,391 | 147,348 | 146,445 | ||||||||||||||
Total property and equipment, net | $ | 783,662 | $ | 733,416 | $ | 734,793 | |||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
October 31, | October 31, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net Sales | |||||||||||||||||
Domestic operations | $ | 677,119 | $ | 602,810 | $ | 1,908,172 | $ | 1,690,638 | |||||||||
Foreign operations | 96,930 | 90,084 | 272,578 | 247,455 | |||||||||||||
Total net sales | $ | 774,049 | $ | 692,894 | $ | 2,180,750 | $ | 1,938,093 | |||||||||
Marketable_Securities_Tables
Marketable Securities (Tables) | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities | ' | ||||||||||||||||
The amortized cost, gross unrealized gains (losses) and fair value of available-for-sale securities by major security type and class of security as of October 31, 2013, January 31, 2013 and October 31, 2012 were as follows: | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||
Cost | Gains | (Losses) | Value | ||||||||||||||
As of October 31, 2013 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 77,806 | $ | 37 | $ | (25 | ) | $ | 77,818 | ||||||||
Municipal and pre-refunded municipal bonds | 84,662 | 71 | (3 | ) | 84,730 | ||||||||||||
Certificates of deposit | 26,733 | 17 | — | 26,750 | |||||||||||||
Commercial paper | 28,159 | 10 | (2 | ) | 28,167 | ||||||||||||
Treasury bills | 10,079 | 3 | — | 10,082 | |||||||||||||
227,439 | 138 | (30 | ) | 227,547 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 156,170 | 197 | (144 | ) | 156,223 | ||||||||||||
Municipal and pre-refunded municipal bonds | 122,356 | 324 | (13 | ) | 122,667 | ||||||||||||
Certificates of deposit | 2,001 | 1 | — | 2,002 | |||||||||||||
Treasury bills | 12,183 | 9 | — | 12,192 | |||||||||||||
Federal government agencies | 8,784 | 4 | — | 8,788 | |||||||||||||
Mutual funds, held in rabbi trust | 1,236 | 92 | — | 1,328 | |||||||||||||
302,730 | 627 | (157 | ) | 303,200 | |||||||||||||
$ | 530,169 | $ | 765 | $ | (187 | ) | $ | 530,747 | |||||||||
As of January 31, 2013 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 88,432 | $ | 106 | $ | (23 | ) | $ | 88,515 | ||||||||
Municipal and pre-refunded municipal bonds | 63,355 | 85 | (17 | ) | 63,423 | ||||||||||||
Certificates of deposit | 40,870 | 25 | — | 40,895 | |||||||||||||
Commercial paper | 10,775 | 8 | (2 | ) | 10,781 | ||||||||||||
Treasury bills | 21,354 | 14 | — | 21,368 | |||||||||||||
Federal government agencies | 3,500 | 4 | — | 3,504 | |||||||||||||
228,286 | 242 | (42 | ) | 228,486 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 64,219 | 102 | (61 | ) | 64,260 | ||||||||||||
Municipal and pre-refunded municipal bonds | 52,925 | 76 | (60 | ) | 52,941 | ||||||||||||
Certificates of deposit | 2,340 | — | — | 2,340 | |||||||||||||
Treasury bills | 19,724 | 13 | — | 19,737 | |||||||||||||
Federal government agencies | 5,974 | 5 | (2 | ) | 5,977 | ||||||||||||
Auction rate securities | 4,925 | — | (595 | ) | 4,330 | ||||||||||||
150,107 | 196 | (718 | ) | 149,585 | |||||||||||||
$ | 378,393 | $ | 438 | $ | (760 | ) | $ | 378,071 | |||||||||
As of October 31, 2012 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 64,975 | $ | 89 | $ | (7 | ) | $ | 65,057 | ||||||||
Municipal and pre-refunded municipal bonds | 29,937 | 98 | (6 | ) | 30,029 | ||||||||||||
Certificate of deposit | 28,676 | 28 | — | 28,704 | |||||||||||||
Commercial paper | 8,178 | 11 | — | 8,189 | |||||||||||||
Treasury bills | 10,582 | 4 | — | 10,586 | |||||||||||||
Federal government agencies | 3,500 | — | — | 3,500 | |||||||||||||
145,848 | 230 | (13 | ) | 146,065 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 46,507 | 155 | (57 | ) | 46,605 | ||||||||||||
Municipal and pre-refunded municipal bonds | 21,456 | 47 | (27 | ) | 21,476 | ||||||||||||
Certificate of deposit | 1,925 | 1 | — | 1,926 | |||||||||||||
Treasury bills | 18,211 | 7 | (1 | ) | 18,217 | ||||||||||||
Federal government agencies | 1,211 | 2 | — | 1,213 | |||||||||||||
Auction rate securities | 4,925 | — | (595 | ) | 4,330 | ||||||||||||
94,235 | 212 | (680 | ) | 93,767 | |||||||||||||
$ | 240,083 | $ | 442 | $ | (693 | ) | $ | 239,832 | |||||||||
Fair_Value_Tables
Fair Value (Tables) | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Financial Assets Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below: | |||||||||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
October 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 234,041 | $ | — | $ | — | $ | 234,041 | |||||||||
Municipal and pre-refunded municipal bonds | — | 207,397 | — | 207,397 | |||||||||||||
Certificates of deposit | — | 28,752 | — | 28,752 | |||||||||||||
Commercial paper | — | 28,167 | — | 28,167 | |||||||||||||
Treasury bills | 22,274 | — | — | 22,274 | |||||||||||||
Federal government agencies | 8,788 | — | — | 8,788 | |||||||||||||
Mutual funds, held in rabbi trust | 1,328 | — | — | 1,328 | |||||||||||||
$ | 266,431 | $ | 264,316 | $ | — | $ | 530,747 | ||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
January 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 152,775 | $ | — | $ | — | $ | 152,775 | |||||||||
Municipal and pre-refunded municipal bonds | — | 116,364 | — | 116,364 | |||||||||||||
Certificates of deposit | — | 43,235 | — | 43,235 | |||||||||||||
Commercial paper | — | 10,781 | — | 10,781 | |||||||||||||
Treasury bills | 41,105 | — | — | 41,105 | |||||||||||||
Federal government agencies | 9,481 | — | — | 9,481 | |||||||||||||
Auction rate securities | — | — | 4,330 | 4,330 | |||||||||||||
$ | 203,361 | $ | 170,380 | $ | 4,330 | $ | 378,071 | ||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
October 31, 2012 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 111,662 | $ | — | $ | — | $ | 111,662 | |||||||||
Municipal and pre-refunded municipal bonds | — | 51,505 | — | 51,505 | |||||||||||||
Certificates of deposit | — | 30,630 | — | 30,630 | |||||||||||||
Commercial paper | — | 8,189 | — | 8,189 | |||||||||||||
Treasury bills | 28,803 | — | — | 28,803 | |||||||||||||
Federal government agencies | 4,713 | — | — | 4,713 | |||||||||||||
Auction rate securities | — | — | 4,330 | 4,330 | |||||||||||||
$ | 145,178 | $ | 90,324 | $ | 4,330 | $ | 239,832 | ||||||||||
Reconciliation of Beginning and Ending Auction Rate Securities Balances | ' | ||||||||||||||||
Below is a reconciliation of the beginning and ending ARS balances that the Company valued using a Level 3 valuation for the periods shown. | |||||||||||||||||
Three Months Ended | Fiscal Year Ended | Three Months Ended | |||||||||||||||
October 31, 2013 | January 31, 2013 | October 31, 2012 | |||||||||||||||
Balance at beginning of period | $ | — | $ | 20,197 | $ | 4,330 | |||||||||||
Total gains realized/unrealized: | |||||||||||||||||
Included in earnings | — | — | — | ||||||||||||||
Included in other comprehensive income | — | 2,183 | — | ||||||||||||||
Settlements | — | (18,050 | ) | — | |||||||||||||
Transfers in and/or out of Level 3 | — | — | — | ||||||||||||||
Balance at end of period | $ | — | $ | 4,330 | $ | 4,330 | |||||||||||
Unrealized losses included in accumulated other comprehensive loss related to assets still held at reporting date | $ | — | $ | (595 | ) | $ | (595 | ) | |||||||||
Total gains for the period included in earnings attributable to the change in unrealized gains or losses related to assets still held at reporting date | $ | — | $ | — | $ | — | |||||||||||
Nine Months Ended | Nine Months Ended | ||||||||||||||||
October 31, 2013 | October 31, 2012 | ||||||||||||||||
Balance at beginning of period | $ | 4,330 | $ | 20,197 | |||||||||||||
Total (losses)/gains realized/unrealized: | |||||||||||||||||
Included in earnings | (345 | ) | — | ||||||||||||||
Included in other comprehensive income | 595 | 2,183 | |||||||||||||||
Settlements | (4,580 | ) | (18,050 | ) | |||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance at end of period | $ | — | $ | 4,330 | |||||||||||||
Unrealized losses included in accumulated other comprehensive loss related to assets still held at reporting date | $ | — | $ | (595 | ) | ||||||||||||
Total gains for the period included in earnings attributable to the change in unrealized gains or losses related to assets still held at reporting date | $ | — | $ | — | |||||||||||||
ShareBased_Compensation_Tables
Share-Based Compensation (Tables) | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Schedule of Share-Based Compensation Expense, Included in Selling, General and Administrative Expenses in Condensed Consolidated Statements of Income | ' | ||||||||||||||||
Share-based compensation expense (income) included in selling, general and administrative expenses in the Condensed Consolidated Statements of Income, for the three and nine months ended October 31, 2013 and 2012 was as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
October 31, | October 31, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Stock Options | $ | 677 | $ | 426 | $ | 2,202 | $ | 1,418 | |||||||||
Stock Appreciation Rights | 753 | 664 | 2,280 | 1,833 | |||||||||||||
Performance Stock Units | 3,489 | 2,928 | 7,748 | 7,421 | |||||||||||||
Restricted Stock Units | 67 | 3 | 181 | (9 | ) | ||||||||||||
Total | $ | 4,986 | $ | 4,021 | $ | 12,411 | $ | 10,663 | |||||||||
Schedule of Share Based Awards Issued and Weighted Average Fair Value | ' | ||||||||||||||||
The share-based awards issued and the weighted-average fair value for the nine months ended October 31, 2013 were as follows: | |||||||||||||||||
Nine Months Ended | |||||||||||||||||
October 31, 2013 | |||||||||||||||||
Awards Issued | Weighted | ||||||||||||||||
Average Fair | |||||||||||||||||
Value | |||||||||||||||||
Stock Options | 100,000 | $ | 9.67 | ||||||||||||||
Stock Appreciation Rights | 27,500 | $ | 14.11 | ||||||||||||||
Performance Stock Units | 1,460,000 | $ | 25.14 | ||||||||||||||
Restricted Stock Units | 10,000 | $ | 39.06 | ||||||||||||||
Total | 1,597,500 | ||||||||||||||||
Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition | ' | ||||||||||||||||
The total unrecognized compensation cost related to outstanding share-based awards and the weighted-average period in which the cost is expected to be recognized as of October 31, 2013 were as follows: | |||||||||||||||||
October 31, 2013 | |||||||||||||||||
Unrecognized | Weighted | ||||||||||||||||
Compensation | Average | ||||||||||||||||
Cost | Years | ||||||||||||||||
Stock Options | $ | 1,186 | 0.8 | ||||||||||||||
Stock Appreciation Rights | 6,752 | 2.5 | |||||||||||||||
Performance Stock Units | 50,181 | 3.6 | |||||||||||||||
Restricted Stock Units | 193 | 1 | |||||||||||||||
Total | $ | 58,312 | 3.4 | ||||||||||||||
Other_Comprehensive_Income_Los1
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended | ||||||||||||
Oct. 31, 2013 | |||||||||||||
Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax | ' | ||||||||||||
The following tables present the change in accumulated other comprehensive loss, by component, net of tax, for the three and nine months ended October 31, 2013: | |||||||||||||
Three Months Ended October 31, 2013 | |||||||||||||
Foreign Currency | Unrealized Gains and | Total | |||||||||||
Translation | (Losses) on Availabile- | ||||||||||||
for-Sale Securities | |||||||||||||
Beginning Balance | $ | (12,997 | ) | $ | (20 | ) | $ | (13,017 | ) | ||||
Other comprehensive income/(loss) before reclassifications | 6,961 | 358 | 7,319 | ||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | (37 | ) | (37 | ) | ||||||||
Net current-period other comprehensive income/(loss) | 6,961 | 321 | 7,282 | ||||||||||
Ending Balance | $ | (6,036 | ) | $ | 301 | $ | (5,735 | ) | |||||
Nine Months Ended October 31, 2013 | |||||||||||||
Foreign Currency | Unrealized Gains and | Total | |||||||||||
Translation | (Losses) on Availabile- | ||||||||||||
for-Sale Securities | |||||||||||||
Beginning Balance | $ | (8,582 | ) | $ | (200 | ) | $ | (8,782 | ) | ||||
Other comprehensive income/(loss) before reclassifications | 2,546 | 336 | 2,882 | ||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | 165 | 165 | ||||||||||
Net current-period other comprehensive income/(loss) | 2,546 | 501 | 3,047 | ||||||||||
Ending Balance | $ | (6,036 | ) | $ | 301 | $ | (5,735 | ) | |||||
Net_Income_per_Common_Share_Ta
Net Income per Common Share (Tables) | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Reconciliation of Weighted Average Shares Outstanding Used For Computation of Basic and Diluted Net Income Per Common Share | ' | ||||||||||||||||
The following is a reconciliation of the weighted-average shares outstanding used for the computation of basic and diluted net income per common share: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
October 31, | October 31, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic weighted-average common shares outstanding | 147,405,769 | 145,539,816 | 146,918,029 | 145,024,545 | |||||||||||||
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units | 2,111,377 | 1,547,166 | 2,314,580 | 1,067,897 | |||||||||||||
Diluted weighted-average shares outstanding | 149,517,146 | 147,086,982 | 149,232,609 | 146,092,442 | |||||||||||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 9 Months Ended | ||||||||||||||||
Oct. 31, 2013 | |||||||||||||||||
Schedule Of Operations By Segment | ' | ||||||||||||||||
A summary of the information about the Company’s operations by segment is as follows: | |||||||||||||||||
October 31, | January 31, | October 31, | |||||||||||||||
2013 | 2013 | 2012 | |||||||||||||||
Inventories | |||||||||||||||||
Retail operations | $ | 380,989 | $ | 265,787 | $ | 374,865 | |||||||||||
Wholesale operations | 25,723 | 16,624 | 20,541 | ||||||||||||||
Total inventories | $ | 406,712 | $ | 282,411 | $ | 395,406 | |||||||||||
Property and equipment, net | |||||||||||||||||
Retail operations | $ | 780,149 | $ | 730,489 | $ | 731,715 | |||||||||||
Wholesale operations | 3,513 | 2,927 | 3,078 | ||||||||||||||
Total property and equipment, net | $ | 783,662 | $ | 733,416 | $ | 734,793 | |||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
October 31, | October 31, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net sales | |||||||||||||||||
Retail operations | $ | 724,066 | $ | 651,408 | $ | 2,051,028 | $ | 1,828,185 | |||||||||
Wholesale operations | 52,928 | 43,559 | 136,595 | 114,837 | |||||||||||||
Intersegment elimination | (2,945 | ) | (2,073 | ) | (6,873 | ) | (4,929 | ) | |||||||||
Total net sales | $ | 774,049 | $ | 692,894 | $ | 2,180,750 | $ | 1,938,093 | |||||||||
Income from operations | |||||||||||||||||
Retail operations | $ | 100,877 | $ | 90,961 | $ | 289,861 | $ | 238,018 | |||||||||
Wholesale operations | 13,337 | 10,377 | 33,282 | 28,124 | |||||||||||||
Intersegment elimination | (311 | ) | (244 | ) | (692 | ) | (508 | ) | |||||||||
Total segment operating income | 113,903 | 101,094 | 322,451 | 265,634 | |||||||||||||
General corporate expenses | (8,444 | ) | (7,584 | ) | (24,709 | ) | (23,271 | ) | |||||||||
Total income from operations | $ | 105,459 | $ | 93,510 | $ | 297,742 | $ | 242,363 | |||||||||
Schedule Of Revenues And Long-Lived Assets, By Domestic And Foreign Operations Segment | ' | ||||||||||||||||
Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows: | |||||||||||||||||
October 31, | January 31, | October 31, | |||||||||||||||
2013 | 2013 | 2012 | |||||||||||||||
Property and equipment, net | |||||||||||||||||
Domestic operations | $ | 632,271 | $ | 586,068 | $ | 588,348 | |||||||||||
Foreign operations | 151,391 | 147,348 | 146,445 | ||||||||||||||
Total property and equipment, net | $ | 783,662 | $ | 733,416 | $ | 734,793 | |||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
October 31, | October 31, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net Sales | |||||||||||||||||
Domestic operations | $ | 677,119 | $ | 602,810 | $ | 1,908,172 | $ | 1,690,638 | |||||||||
Foreign operations | 96,930 | 90,084 | 272,578 | 247,455 | |||||||||||||
Total net sales | $ | 774,049 | $ | 692,894 | $ | 2,180,750 | $ | 1,938,093 | |||||||||
Amortized_Cost_Gross_Unrealize
Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities (Detail) (USD $) | Oct. 31, 2013 | Jan. 31, 2013 | Oct. 31, 2012 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | $530,169 | $378,393 | $240,083 |
Unrealized Gains | 765 | 438 | 442 |
Unrealized (Losses) | -187 | -760 | -693 |
Fair Value | 530,747 | 378,071 | 239,832 |
Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 227,439 | 228,286 | 145,848 |
Unrealized Gains | 138 | 242 | 230 |
Unrealized (Losses) | -30 | -42 | -13 |
Fair Value | 227,547 | 228,486 | 146,065 |
Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 302,730 | 150,107 | 94,235 |
Unrealized Gains | 627 | 196 | 212 |
Unrealized (Losses) | -157 | -718 | -680 |
Fair Value | 303,200 | 149,585 | 93,767 |
Corporate Bonds | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 234,041 | 152,775 | 111,662 |
Corporate Bonds | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 77,806 | 88,432 | 64,975 |
Unrealized Gains | 37 | 106 | 89 |
Unrealized (Losses) | -25 | -23 | -7 |
Fair Value | 77,818 | 88,515 | 65,057 |
Corporate Bonds | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 156,170 | 64,219 | 46,507 |
Unrealized Gains | 197 | 102 | 155 |
Unrealized (Losses) | -144 | -61 | -57 |
Fair Value | 156,223 | 64,260 | 46,605 |
Municipal And Pre-Refunded Municipal Bonds | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 207,397 | 116,364 | 51,505 |
Municipal And Pre-Refunded Municipal Bonds | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 84,662 | 63,355 | 29,937 |
Unrealized Gains | 71 | 85 | 98 |
Unrealized (Losses) | -3 | -17 | -6 |
Fair Value | 84,730 | 63,423 | 30,029 |
Municipal And Pre-Refunded Municipal Bonds | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 122,356 | 52,925 | 21,456 |
Unrealized Gains | 324 | 76 | 47 |
Unrealized (Losses) | -13 | -60 | -27 |
Fair Value | 122,667 | 52,941 | 21,476 |
Certificates of Deposit | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 28,752 | 43,235 | 30,630 |
Certificates of Deposit | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 26,733 | 40,870 | 28,676 |
Unrealized Gains | 17 | 25 | 28 |
Fair Value | 26,750 | 40,895 | 28,704 |
Certificates of Deposit | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 2,001 | 2,340 | 1,925 |
Unrealized Gains | 1 | ' | 1 |
Fair Value | 2,002 | 2,340 | 1,926 |
Commercial Paper | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 28,167 | 10,781 | 8,189 |
Commercial Paper | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 28,159 | 10,775 | 8,178 |
Unrealized Gains | 10 | 8 | 11 |
Unrealized (Losses) | -2 | -2 | ' |
Fair Value | 28,167 | 10,781 | 8,189 |
US Treasury Bill Securities | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 22,274 | 41,105 | 28,803 |
US Treasury Bill Securities | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 10,079 | 21,354 | 10,582 |
Unrealized Gains | 3 | 14 | 4 |
Fair Value | 10,082 | 21,368 | 10,586 |
US Treasury Bill Securities | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 12,183 | 19,724 | 18,211 |
Unrealized Gains | 9 | 13 | 7 |
Unrealized (Losses) | ' | ' | -1 |
Fair Value | 12,192 | 19,737 | 18,217 |
US Government Corporations and Agencies Securities | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 8,788 | 9,481 | 4,713 |
US Government Corporations and Agencies Securities | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | ' | 3,500 | 3,500 |
Unrealized Gains | ' | 4 | ' |
Fair Value | ' | 3,504 | 3,500 |
US Government Corporations and Agencies Securities | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 8,784 | 5,974 | 1,211 |
Unrealized Gains | 4 | 5 | 2 |
Unrealized (Losses) | ' | -2 | ' |
Fair Value | 8,788 | 5,977 | 1,213 |
Mutual funds, held in rabbi trust | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 1,328 | ' | ' |
Mutual funds, held in rabbi trust | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 1,236 | ' | ' |
Unrealized Gains | 92 | ' | ' |
Fair Value | 1,328 | ' | ' |
Auction Rate Securities | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | ' | 4,330 | 4,330 |
Auction Rate Securities | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | ' | 4,925 | 4,925 |
Unrealized (Losses) | ' | -595 | -595 |
Fair Value | ' | $4,330 | $4,330 |
Marketable_Securities_Addition
Marketable Securities - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2013 | Oct. 31, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Apr. 30, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | |
Long Term Investments | Long Term Investments | Long Term Investments | Auction Rate Securities | Auction Rate Securities | Auction Rate Securities | Auction Rate Securities | Auction Rate Securities | Other Expense Income Net | Other Expense Income Net | Other Expense Income Net | Other Expense Income Net | ||||||
Long Term Investments | Long Term Investments | ||||||||||||||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale and maturities of available-for-sale securities | ' | ' | $326,103,000 | $175,991,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net realized gain (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,000 | 36,000 | -165,000 | 249,000 |
Amortization of discounts and premiums, net | 2,992,000 | 1,179,000 | 7,711,000 | 3,657,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of available-for-sale securities | ' | ' | ' | ' | ' | ' | ' | ' | 4,600,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Amortized cost of available-for-sale securities | 530,169,000 | 240,083,000 | 530,169,000 | 240,083,000 | 378,393,000 | 302,730,000 | 150,107,000 | 94,235,000 | ' | ' | ' | 4,925,000 | 4,925,000 | ' | ' | ' | ' |
Estimated fair value of available-for-sale securities | $530,747,000 | $239,832,000 | $530,747,000 | $239,832,000 | $378,071,000 | $303,200,000 | $149,585,000 | $93,767,000 | ' | $4,330,000 | $4,330,000 | $4,330,000 | $4,330,000 | ' | ' | ' | ' |
Financial_Assets_Measured_at_F
Financial Assets Measured at Fair Value on Recurring Basis (Detail) (USD $) | Oct. 31, 2013 | Jan. 31, 2013 | Oct. 31, 2012 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | $530,747 | $378,071 | $239,832 |
Corporate Bonds | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 234,041 | 152,775 | 111,662 |
Municipal And Pre-Refunded Municipal Bonds | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 207,397 | 116,364 | 51,505 |
Certificates of Deposit | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 28,752 | 43,235 | 30,630 |
Commercial Paper | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 28,167 | 10,781 | 8,189 |
US Treasury Bill Securities | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 22,274 | 41,105 | 28,803 |
US Government Corporations and Agencies Securities | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 8,788 | 9,481 | 4,713 |
Mutual funds, held in rabbi trust | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 1,328 | ' | ' |
Auction Rate Securities | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | ' | 4,330 | 4,330 |
Fair Value, Inputs, Level 1 | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 266,431 | 203,361 | 145,178 |
Fair Value, Inputs, Level 1 | Corporate Bonds | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 234,041 | 152,775 | 111,662 |
Fair Value, Inputs, Level 1 | US Treasury Bill Securities | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 22,274 | 41,105 | 28,803 |
Fair Value, Inputs, Level 1 | US Government Corporations and Agencies Securities | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 8,788 | 9,481 | 4,713 |
Fair Value, Inputs, Level 1 | Mutual funds, held in rabbi trust | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 1,328 | ' | ' |
Fair Value, Inputs, Level 2 | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 264,316 | 170,380 | 90,324 |
Fair Value, Inputs, Level 2 | Municipal And Pre-Refunded Municipal Bonds | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 207,397 | 116,364 | 51,505 |
Fair Value, Inputs, Level 2 | Certificates of Deposit | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 28,752 | 43,235 | 30,630 |
Fair Value, Inputs, Level 2 | Commercial Paper | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 28,167 | 10,781 | 8,189 |
Fair Value, Inputs, Level 3 | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | ' | 4,330 | 4,330 |
Fair Value, Inputs, Level 3 | Auction Rate Securities | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | ' | $4,330 | $4,330 |
Fair_Value_Additional_Informat
Fair Value - Additional Information (Detail) (USD $) | Oct. 31, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Apr. 30, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Jan. 31, 2013 | Oct. 31, 2012 |
Auction Rate Securities | Auction Rate Securities | Auction Rate Securities | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | ||||
Auction Rate Securities | Auction Rate Securities | Auction Rate Securities | |||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of available-for-sale securities | ' | ' | ' | $4,600,000 | ' | ' | ' | ' | $4,600,000 | ' | ' |
Amortized cost of available-for-sale securities | 530,169,000 | 378,393,000 | 240,083,000 | ' | ' | ' | ' | ' | ' | 4,900,000 | 4,900,000 |
Estimated fair value of available-for-sale securities | $530,747,000 | $378,071,000 | $239,832,000 | ' | $4,330,000 | $4,330,000 | $4,330,000 | $4,330,000 | ' | $4,330,000 | $4,330,000 |
Reconciliation_of_Beginning_an
Reconciliation of Beginning and Ending Auction Rate Securities Balances (Detail) (Fair Value, Inputs, Level 3, Auction Rate Securities, USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2013 |
Fair Value, Inputs, Level 3 | Auction Rate Securities | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' |
Balance at beginning of period | ' | $4,330 | $4,330 | $20,197 | $20,197 |
Total gains (losses) realized/unrealized, Included in earnings | ' | ' | -345 | ' | ' |
Total gains (losses) realized/unrealized, Included in other comprehensive income | ' | ' | 595 | 2,183 | 2,183 |
Settlements | ' | ' | -4,580 | -18,050 | -18,050 |
Transfers in and/or out of Level 3 | ' | ' | ' | ' | ' |
Balance at end of period | ' | 4,330 | ' | 4,330 | 4,330 |
Unrealized losses included in accumulated other comprehensive loss related to assets still held at reporting date | ' | -595 | ' | -595 | -595 |
Total gains for the period included in earnings attributable to the change in unrealized gains or losses related to assets still held at reporting date | ' | ' | ' | ' | ' |
Line_of_Credit_Facility_Additi
Line of Credit Facility - Additional Information (Detail) (USD $) | 3 Months Ended | ||||
Jul. 31, 2013 | Jul. 31, 2013 | Jul. 31, 2013 | Jul. 31, 2013 | Oct. 31, 2013 | |
Minimum | Maximum | Amendment | Amendment | Line Of Credit Facility | |
Minimum | Maximum | ||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' |
Increase in available credit limit | ' | ' | $100,000,000 | $175,000,000 | ' |
Interest rate on cash advances in addition to LIBOR | 0.50% | 1.50% | ' | ' | ' |
Outstanding letters of credit and stand-by letters of credit | ' | ' | ' | ' | 66,492,000 |
Available credit including accordion feature | ' | ' | ' | ' | $108,508,000 |
Schedule_of_ShareBased_Compens
Schedule of Share-Based Compensation Expense (Income) Included in Selling, General and Administrative Expenses in Condensed Consolidated Statements of Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation expense | $4,986 | $4,021 | $12,411 | $10,663 |
Stock Options | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation expense | 677 | 426 | 2,202 | 1,418 |
Stock Appreciation Rights(SARs) | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation expense | 753 | 664 | 2,280 | 1,833 |
Performance Stock Units | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation expense | 3,489 | 2,928 | 7,748 | 7,421 |
Restricted Stock Units | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation expense | $67 | $3 | $181 | ($9) |
Schedule_of_Share_Based_Awards
Schedule of Share Based Awards Issued and Weighted Average Fair Value (Detail) (USD $) | 9 Months Ended |
Oct. 31, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Awards Issued | 1,597,500 |
Stock Options | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Awards Issued | 100,000 |
Weighted Average Fair Value | 9.67 |
Stock Appreciation Rights(SARs) | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Awards Issued | 27,500 |
Weighted Average Fair Value | 14.11 |
Performance Stock Units | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Awards Issued | 1,460,000 |
Weighted Average Fair Value | 25.14 |
Restricted Stock Units | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Awards Issued | 10,000 |
Weighted Average Fair Value | 39.06 |
Schedule_of_Unrecognized_Compe
Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition (Detail) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Oct. 31, 2013 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | $58,312 |
Weighted Average Years | '3 years 4 months 24 days |
Stock Options | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | 1,186 |
Weighted Average Years | '9 months 18 days |
Stock Appreciation Rights(SARs) | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | 6,752 |
Weighted Average Years | '2 years 6 months |
Performance Stock Units | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | 50,181 |
Weighted Average Years | '3 years 7 months 6 days |
Restricted Stock Units | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | $193 |
Weighted Average Years | '1 year |
Shareholders_Equity_Additional
Shareholders' Equity - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Oct. 31, 2013 | Oct. 31, 2013 | Aug. 27, 2013 |
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' |
Common shares authorized for repurchase, shares | ' | ' | 10,000,000 |
Stock settled and retired during period, common shares | ' | 300,300 | ' |
Stock repurchased and retired during period, total cost | $10,694 | $10,694 | ' |
Average cost per share | $35.61 | $35.61 | ' |
Employee Stock | ' | ' | ' |
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' |
Stock settled and retired during period, common shares | ' | 9,178 | ' |
Stock repurchased and retired during period, total cost | ' | $385 | ' |
Changes_in_Accumulated_Other_C
Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Oct. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2012 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' |
Beginning Balance | ($13,017) | ($8,782) | ($6,856) |
Other comprehensive income/(loss) before reclassifications | 7,319 | 2,882 | ' |
Amounts reclassified from accumulated other comprehensive loss | -37 | 165 | ' |
Net current-period other comprehensive income/(loss) | 7,282 | 3,047 | ' |
Ending Balance | -5,735 | -5,735 | -6,856 |
Accumulated Translation Adjustment | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' |
Beginning Balance | -12,997 | -8,582 | ' |
Other comprehensive income/(loss) before reclassifications | 6,961 | 2,546 | ' |
Net current-period other comprehensive income/(loss) | 6,961 | 2,546 | ' |
Ending Balance | -6,036 | -6,036 | ' |
Accumulated Net Unrealized Investment Gain (Loss) | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' |
Beginning Balance | -20 | -200 | ' |
Other comprehensive income/(loss) before reclassifications | 358 | 336 | ' |
Amounts reclassified from accumulated other comprehensive loss | -37 | 165 | ' |
Net current-period other comprehensive income/(loss) | 321 | 501 | ' |
Ending Balance | $301 | $301 | ' |
Reconciliation_of_Weighted_Ave
Reconciliation of Weighted Average Shares Outstanding Used for Computation of Basic and Diluted Net Income Per Common Share (Detail) | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | |
Earnings Per Share [Line Items] | ' | ' | ' | ' |
Basic weighted-average common shares outstanding | 147,405,769 | 145,539,816 | 146,918,029 | 145,024,545 |
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units | 2,111,377 | 1,547,166 | 2,314,580 | 1,067,897 |
Diluted weighted-average shares outstanding | 149,517,146 | 147,086,982 | 149,232,609 | 146,092,442 |
Net_Income_per_Common_Share_Ad
Net Income per Common Share - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | |
Earnings Per Share [Line Items] | ' | ' | ' | ' |
Anti-dilutive common shares | 204,500 | 2,904,808 | 101,500 | 3,219,200 |
Performance Stock Units | ' | ' | ' | ' |
Earnings Per Share [Line Items] | ' | ' | ' | ' |
Anti-dilutive common shares | ' | ' | 1,751,100 | 1,952,158 |
Segment_Reporting_Additional_I
Segment Reporting - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | |
Store | Segment | |||
Brand | Store | |||
Brand | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Number of department and specialty retailers | 1,400 | ' | 1,400 | ' |
Percentage of sales that no customer constitutes | ' | ' | 10.00% | ' |
Retail Operations | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Number of reporting segments | ' | ' | 2 | ' |
Number of brands | 5 | ' | 5 | ' |
Number of stores | 500 | ' | 500 | ' |
Percentage of net sales | 94.00% | 94.00% | 94.00% | 94.00% |
Schedule_of_Operations_by_Segm
Schedule of Operations by Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total inventories | $406,712 | $395,406 | $406,712 | $395,406 | $282,411 |
Total property and equipment, net | 783,662 | 734,793 | 783,662 | 734,793 | 733,416 |
Total net sales | 774,049 | 692,894 | 2,180,750 | 1,938,093 | ' |
Total income from operations | 105,459 | 93,510 | 297,742 | 242,363 | ' |
Retail Operations | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total inventories | 380,989 | 374,865 | 380,989 | 374,865 | 265,787 |
Total property and equipment, net | 780,149 | 731,715 | 780,149 | 731,715 | 730,489 |
Total net sales | 724,066 | 651,408 | 2,051,028 | 1,828,185 | ' |
Total income from operations | 100,877 | 90,961 | 289,861 | 238,018 | ' |
Wholesale Operations | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total inventories | 25,723 | 20,541 | 25,723 | 20,541 | 16,624 |
Total property and equipment, net | 3,513 | 3,078 | 3,513 | 3,078 | 2,927 |
Total net sales | 52,928 | 43,559 | 136,595 | 114,837 | ' |
Total income from operations | 13,337 | 10,377 | 33,282 | 28,124 | ' |
Intersegment Elimination | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net sales | -2,945 | -2,073 | -6,873 | -4,929 | ' |
Total income from operations | -311 | -244 | -692 | -508 | ' |
Total Segment Operating Income | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total income from operations | 113,903 | 101,094 | 322,451 | 265,634 | ' |
General Corporate Expenses | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
General corporate expenses | ($8,444) | ($7,584) | ($24,709) | ($23,271) | ' |
Schedule_of_Revenues_and_LongL
Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total property and equipment, net | $783,662 | $734,793 | $783,662 | $734,793 | $733,416 |
Total net sales | 774,049 | 692,894 | 2,180,750 | 1,938,093 | ' |
Domestic Operations | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total property and equipment, net | 632,271 | 588,348 | 632,271 | 588,348 | 586,068 |
Total net sales | 677,119 | 602,810 | 1,908,172 | 1,690,638 | ' |
Foreign Operations | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total property and equipment, net | 151,391 | 146,445 | 151,391 | 146,445 | 147,348 |
Total net sales | $96,930 | $90,084 | $272,578 | $247,455 | ' |