Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Apr. 30, 2014 | Jun. 02, 2014 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Apr-14 | ' |
Document Fiscal Year Focus | '2015 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
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 | ' | 137,751,372 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Apr. 30, 2014 | Jan. 31, 2014 | Apr. 30, 2013 |
In Thousands, unless otherwise specified | |||
Current assets: | ' | ' | ' |
Cash and cash equivalents | $191,825 | $242,058 | $273,464 |
Marketable securities | 149,796 | 281,813 | 214,938 |
Accounts receivable, net of allowance for doubtful accounts of $1,986, $1,711 and $1,274, respectively | 59,267 | 55,161 | 48,868 |
Inventories | 349,045 | 311,207 | 325,471 |
Prepaid expenses, deferred taxes and other current assets | 103,097 | 104,741 | 91,829 |
Total current assets | 853,030 | 994,980 | 954,570 |
Property and equipment, net | 836,244 | 806,909 | 721,872 |
Marketable securities | 175,694 | 366,422 | 149,771 |
Deferred income taxes and other assets | 80,297 | 52,903 | 43,190 |
Total Assets | 1,945,265 | 2,221,214 | 1,869,403 |
Current liabilities: | ' | ' | ' |
Accounts payable | 172,515 | 137,036 | 128,528 |
Accrued expenses, accrued compensation and other current liabilities | 189,585 | 194,794 | 121,506 |
Total current liabilities | 362,100 | 331,830 | 250,034 |
Deferred rent and other liabilities | 196,760 | 195,214 | 193,468 |
Total Liabilities | 558,860 | 527,044 | 443,502 |
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, 137,651,372, 147,309,575 and 146,813,217 shares issued and outstanding, respectively | 14 | 15 | 15 |
Additional paid-in-capital | 0 | 97,684 | 74,618 |
Retained earnings | 1,384,671 | 1,597,439 | 1,362,137 |
Accumulated other comprehensive income (loss) | 1,720 | -968 | -10,869 |
Total Shareholders' Equity | 1,386,405 | 1,694,170 | 1,425,901 |
Total Liabilities and Shareholders' Equity | $1,945,265 | $2,221,214 | $1,869,403 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 | Apr. 30, 2013 |
In Thousands, except Share data, unless otherwise specified | |||
Accounts receivable, allowance for doubtful accounts | $1,986 | $1,711 | $1,274 |
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 | 137,651,372 | 147,309,575 | 146,813,217 |
Common shares, shares outstanding | 137,651,372 | 147,309,575 | 146,813,217 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Income (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Net sales | $686,310 | $648,177 |
Cost of sales | 447,799 | 409,368 |
Gross profit | 238,511 | 238,809 |
Selling, general and administrative expenses | 178,690 | 165,843 |
Income from operations | 59,821 | 72,966 |
Other expense, net | -344 | -129 |
Income before income taxes | 59,477 | 72,837 |
Income tax expense | 21,999 | 25,779 |
Net income | $37,478 | $47,058 |
Net income per common share: | ' | ' |
Basic | $0.26 | $0.32 |
Diluted | $0.26 | $0.32 |
Weighted-average common shares outstanding: | ' | ' |
Basic | 144,075,666 | 146,289,751 |
Diluted | 145,906,544 | 148,799,056 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Net income | $37,478 | $47,058 |
Other comprehensive income (loss): | ' | ' |
Foreign currency translation | 2,868 | -2,477 |
Change in unrealized (losses) gains on marketable securities, net of tax | -180 | 390 |
Net current-period other comprehensive income (loss) | 2,688 | -2,087 |
Comprehensive income | $40,166 | $44,971 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net income | $37,478 | $47,058 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 34,477 | 32,078 |
(Benefit) provision for deferred income taxes | -6,393 | 30 |
Excess tax benefits from stock option exercises | -70 | -5,197 |
Share-based compensation expense | 4,576 | 3,641 |
Loss on disposition of property and equipment, net | 171 | 1,113 |
Changes in assets and liabilities: | ' | ' |
Receivables | -3,986 | -9,349 |
Inventories | -56,761 | -43,231 |
Prepaid expenses and other assets | -1,162 | -11,477 |
Payables, accrued expenses and other liabilities | 16,155 | 11,138 |
Net cash provided by operating activities | 24,485 | 25,804 |
Cash flows from investing activities: | ' | ' |
Cash paid for property and equipment | -38,555 | -28,293 |
Cash paid for marketable securities | -169,707 | -146,887 |
Sales and maturities of marketable securities | 485,375 | 155,801 |
Net cash provided by (used in) investing activities | 277,113 | -19,379 |
Cash flows from financing activities: | ' | ' |
Proceeds from the exercise of stock options | 798 | 17,504 |
Excess tax benefits from stock option exercises | 70 | 5,197 |
Share repurchases related to share repurchase program | -353,315 | ' |
Share repurchases related to taxes for share-based awards | -61 | ' |
Net cash (used in) provided by financing activities | -352,508 | 22,701 |
Effect of exchange rate changes on cash and cash equivalents | 677 | -989 |
(Decrease) increase in cash and cash equivalents | -50,233 | 28,137 |
Cash and cash equivalents at beginning of period | 242,058 | 245,327 |
Cash and cash equivalents at end of period | 191,825 | 273,464 |
Cash paid during the year for: | ' | ' |
Income taxes | 14,080 | 34,785 |
Non-cash investing activities-Accrued capital expenditures | $41,542 | $8,080 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Apr. 30, 2014 | |
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, 2014, filed with the United States Securities and Exchange Commission on April 1, 2014. | |
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 (the back-to-school and holiday periods). Historically, and consistent with the retail industry, this seasonality also impacts our working capital requirements, particularly with regard to inventory. Accordingly, the results of operations for the three months ended April 30, 2014 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 2015 will end on January 31, 2015. |
Recently_Issued_and_Adopted_Ac
Recently Issued and Adopted Accounting Pronouncements | 3 Months Ended |
Apr. 30, 2014 | |
Recently Issued and Adopted Accounting Pronouncements | ' |
2. Recently Issued and Adopted Accounting Pronouncements | |
In May 2014, the Financial Accounting Standards Board issued an accounting standards update that clarifies the principles for recognizing revenue from contracts with customers. The update outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The update states that an entity should recognize revenue to depict the transfer of promised goods or services to customers in the amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods and services. Entities are required to apply the following steps when recognizing revenue under the update: (1) identify the contract(s) with a customer; (2) identify the performance obligation in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The update is effective for the Company beginning February 1, 2017. The update allows for a “full retrospective” adoption, meaning the update is applied to all periods presented, or a “modified retrospective” adoption, meaning the update is applied only to the most current period presented in the financial statements. Early adoption is not permitted. The Company is currently evaluating the adoption method to apply and the impact that the update will have on its financial position, results of operations, cash flows and financial statement disclosures. |
Marketable_Securities
Marketable Securities | 3 Months Ended | ||||||||||||||||
Apr. 30, 2014 | |||||||||||||||||
Marketable Securities | ' | ||||||||||||||||
3. Marketable Securities | |||||||||||||||||
During all periods shown, 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 April 30, 2014, January 31, 2014 and April 30, 2013 were as follows: | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||
Cost | Gains | (Losses) | Value | ||||||||||||||
As of April 30, 2014 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 54,678 | $ | 30 | $ | (17 | ) | $ | 54,691 | ||||||||
Municipal and pre-refunded municipal bonds | 44,522 | 41 | — | 44,563 | |||||||||||||
Certificates of deposit | 23,348 | 10 | (1 | ) | 23,357 | ||||||||||||
Commercial paper | 24,678 | 6 | — | 24,684 | |||||||||||||
Treasury bills | 2,498 | 3 | — | 2,501 | |||||||||||||
149,724 | 90 | (18 | ) | 149,796 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 85,583 | 168 | (31 | ) | 85,720 | ||||||||||||
Municipal and pre-refunded municipal bonds | 68,511 | 178 | (14 | ) | 68,675 | ||||||||||||
Certificates of deposit | 1,499 | 1 | — | 1,500 | |||||||||||||
Treasury bills | 15,404 | 9 | — | 15,413 | |||||||||||||
Mutual funds, held in rabbi trust | 2,579 | 33 | (12 | ) | 2,600 | ||||||||||||
Federal government agencies | 1,782 | 4 | — | 1,786 | |||||||||||||
175,358 | 393 | (57 | ) | 175,694 | |||||||||||||
$ | 325,082 | $ | 483 | $ | (75 | ) | $ | 325,490 | |||||||||
As of January 31, 2014 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 100,856 | $ | 56 | $ | (41 | ) | $ | 100,871 | ||||||||
Municipal and pre-refunded municipal bonds | 85,000 | 98 | (2 | ) | 85,096 | ||||||||||||
Certificates of deposit | 35,844 | 13 | (1 | ) | 35,856 | ||||||||||||
Commercial paper | 35,101 | 7 | (1 | ) | 35,107 | ||||||||||||
Treasury bills | 24,873 | 10 | — | 24,883 | |||||||||||||
281,674 | 184 | (45 | ) | 281,813 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 208,446 | 268 | (162 | ) | 208,552 | ||||||||||||
Municipal and pre-refunded municipal bonds | 125,934 | 415 | (8 | ) | 126,341 | ||||||||||||
Certificates of deposit | 4,000 | — | (2 | ) | 3,998 | ||||||||||||
Treasury bills | 21,551 | 21 | — | 21,572 | |||||||||||||
Mutual funds, held in rabbi trust | 1,591 | 108 | (33 | ) | 1,666 | ||||||||||||
Federal government agencies | 4,287 | 6 | — | 4,293 | |||||||||||||
365,809 | 818 | (205 | ) | 366,422 | |||||||||||||
$ | 647,483 | $ | 1,002 | $ | (250 | ) | $ | 648,235 | |||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||
Cost | Gains | (Losses) | Value | ||||||||||||||
As of April 30, 2013 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 76,563 | $ | 49 | $ | (26 | ) | $ | 76,586 | ||||||||
Municipal and pre-refunded municipal bonds | 75,507 | 58 | (1 | ) | 75,564 | ||||||||||||
Certificate of deposit | 40,222 | 23 | — | 40,245 | |||||||||||||
Commercial paper | 8,476 | 6 | — | 8,482 | |||||||||||||
Treasury bills | 12,060 | 1 | — | 12,061 | |||||||||||||
Federal government agencies | 2,000 | — | — | 2,000 | |||||||||||||
214,828 | 137 | (27 | ) | 214,938 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 76,717 | 117 | (44 | ) | 76,790 | ||||||||||||
Municipal and pre-refunded municipal bonds | 50,913 | 121 | (4 | ) | 51,030 | ||||||||||||
Certificate of deposit | 2,099 | 1 | — | 2,100 | |||||||||||||
Treasury bills | 9,666 | 4 | — | 9,670 | |||||||||||||
Mutual funds, held in rabbi trust | 328 | 9 | — | 337 | |||||||||||||
Federal government agencies | 9,845 | — | (1 | ) | 9,844 | ||||||||||||
149,568 | 252 | (49 | ) | 149,771 | |||||||||||||
$ | 364,396 | $ | 389 | $ | (76 | ) | $ | 364,709 | |||||||||
Proceeds from the sale and maturities of available-for-sale securities were $485,375 and $155,801 for the three months ended April 30, 2014 and 2013, respectively. The Company included in “Other expense, net,” realized gains of $70 and realized losses of $215 and a net charge related to amortization of discounts and premiums of $2,607 and $2,192 for the three months ended April 30, 2014 and 2013, respectively. Mutual funds represent assets held in an irrevocable rabbi trust for the Company’s Non-qualified Deferred Compensation Plan (“NQDC”). 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, net” in the Condensed Consolidated Statements of Income and not as a component of accumulated other comprehensive income (loss). |
Fair_Value
Fair Value | 3 Months Ended | ||||||||||||||||
Apr. 30, 2014 | |||||||||||||||||
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 table below: | |||||||||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
April 30, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 140,411 | $ | — | $ | — | $ | 140,411 | |||||||||
Municipal and pre-refunded municipal bonds | — | 113,238 | — | 113,238 | |||||||||||||
Certificates of deposit | — | 24,857 | — | 24,857 | |||||||||||||
Commercial paper | — | 24,684 | — | 24,684 | |||||||||||||
Treasury bills | 17,914 | — | — | 17,914 | |||||||||||||
Mutual funds, held in rabbi trust | 2,600 | — | — | 2,600 | |||||||||||||
Federal government agencies | 1,786 | — | — | 1,786 | |||||||||||||
$ | 162,711 | $ | 162,779 | $ | — | $ | 325,490 | ||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
January 31, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 309,423 | $ | — | $ | — | $ | 309,423 | |||||||||
Municipal and pre-refunded municipal bonds | — | 211,437 | — | 211,437 | |||||||||||||
Certificates of deposit | — | 39,854 | — | 39,854 | |||||||||||||
Commercial paper | — | 35,107 | — | 35,107 | |||||||||||||
Treasury bills | 46,455 | — | — | 46,455 | |||||||||||||
Mutual funds, held in rabbi trust | 1,666 | — | — | 1,666 | |||||||||||||
Federal government agencies | 4,293 | — | — | 4,293 | |||||||||||||
$ | 361,837 | $ | 286,398 | $ | — | $ | 648,235 | ||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
April 30, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 153,376 | $ | — | $ | — | $ | 153,376 | |||||||||
Municipal and pre-refunded municipal bonds | — | 126,594 | — | 126,594 | |||||||||||||
Certificates of deposit | — | 42,345 | — | 42,345 | |||||||||||||
Commercial paper | — | 8,482 | — | 8,482 | |||||||||||||
Treasury bills | 21,731 | — | — | 21,731 | |||||||||||||
Mutual funds, held in rabbi trust | 337 | — | — | 337 | |||||||||||||
Federal government agencies | 11,844 | — | — | 11,844 | |||||||||||||
$ | 187,288 | $ | 177,421 | $ | — | $ | 364,709 | ||||||||||
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 assets and liabilities in active markets as well as quoted prices for identical or similar assets or liabilities in markets that are not active. | |||||||||||||||||
Level 3 assets consist of financial instruments where there has been no active market. During April 2013, the Company sold all of its remaining auction rate securities (“ARS”) for approximately $4,580 in cash. The Company’s ARS had a par value and recorded fair value of $4,925 and $4,330, respectively, prior to the sale in April 2013. | |||||||||||||||||
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 April 30, 2014, cash and cash equivalents included cash on hand, cash in banks, money market accounts and marketable securities with maturities of less than three months at the time of purchase. |
Line_of_Credit_Facility
Line of Credit Facility | 3 Months Ended |
Apr. 30, 2014 | |
Line of Credit Facility | ' |
5. Line of Credit Facility | |
On March 27, 2014, the Company amended and restated its existing line of credit facility with Wells Fargo Bank, National Association (the “Line”). The Line is a five-year $175.0 million revolving credit facility with an accordion feature allowing for an increase of up to $50.0 million at the Company’s discretion. The Line contains a sub-limit for borrowings by the Company’s subsidiaries that are guaranteed by the Company. Under the terms of the Line, at the Company’s option, the aggregate principal balance of the amounts advanced or portions thereof will bear interest at (a) the base rate, or (b) the applicable LIBOR Rate plus a margin that can range from 0.50% to 1.50%. The Line subjects the Company to various restrictive covenants, including maintenance of certain financial covenants. As of April 30, 2014, 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 $85,974 as of April 30, 2014. The available credit under the Line was $89,026 as of April 30, 2014. |
ShareBased_Compensation
Share-Based Compensation | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
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, non-qualified 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 included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Income, for the three months ended April 30, 2014 and 2013 was as follows: | |||||||||
Three Months Ended | |||||||||
April 30, | |||||||||
2014 | 2013 | ||||||||
Stock options | $ | 413 | $ | 704 | |||||
Stock appreciation rights | 646 | 767 | |||||||
Performance stock units | 3,461 | 2,123 | |||||||
Restricted stock units | 56 | 47 | |||||||
Total | $ | 4,576 | $ | 3,641 | |||||
Share-based awards granted and the weighted-average fair value for the three months ended April 30, 2014 was as follows: | |||||||||
Three Months Ended | |||||||||
April 30, 2014 | |||||||||
Awards | Weighted | ||||||||
Granted | Average Fair | ||||||||
Value | |||||||||
Stock options | — | $ | — | ||||||
Stock appreciation rights | — | $ | — | ||||||
Performance stock units | 17,000 | $ | 22.67 | ||||||
Restricted stock units | — | $ | — | ||||||
Total | 17,000 | ||||||||
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 April 30, 2014 is as follows: | |||||||||
April 30 , 2014 | |||||||||
Unrecognized | Weighted | ||||||||
Compensation | Average | ||||||||
Cost | Years | ||||||||
Stock options | $ | 376 | 0.6 | ||||||
Stock appreciation rights | 4,929 | 2.2 | |||||||
Performance stock units | 39,886 | 3.2 | |||||||
Restricted stock units | 80 | 0.9 | |||||||
Total | $ | 45,271 | 3.1 | ||||||
Shareholders_Equity
Shareholder's Equity | 3 Months Ended |
Apr. 30, 2014 | |
Shareholder's Equity | ' |
7. Shareholder’s 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 all of the remaining outstanding shares available under this authorization during the first quarter of fiscal 2015. The Company repurchased and subsequently retired 9,699,700 common shares at a total cost of $353,315 during the three months ended April 30, 2014. The average cost per share of the repurchases for the three months ended April 30, 2014 was $36.43, including commissions. | |
In addition to the shares repurchased under the share repurchase program, the Company acquired and subsequently retired 1,690 common shares at a total cost of $61 from employees to meet minimum statutory tax withholding requirements during the three months ended April 30, 2014. | |
As a result of the share repurchase activity during the three months ended April 30, 2014, the Company reduced the balance of additional paid-in-capital to zero with subsequent share repurchase activity recorded as a reduction of retained earnings of $250,246. | |
On May 27, 2014, the Company’s Board of Directors authorized the repurchase of an additional 10,000,000 common shares under a new share repurchase program. |
Other_Comprehensive_Income_Los
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) | 3 Months Ended | ||||||||||||
Apr. 30, 2014 | |||||||||||||
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||
8. Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) | |||||||||||||
The following tables present the changes in accumulated other comprehensive income (loss), by component, net of tax, for the three months ended April 30, 2014 and 2013, respectively: | |||||||||||||
Three Months Ended April 30, 2014 | |||||||||||||
Foreign | Unrealized Gains | Total | |||||||||||
Currency | and (Losses) on | ||||||||||||
Translation | Available-for- | ||||||||||||
Sale Securities | |||||||||||||
Balance at beginning of period | $ | -1,388 | $ | 420 | $ | (968 | ) | ||||||
Other comprehensive income (loss) before reclassifications. | 2,868 | (250 | ) | 2,618 | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 70 | 70 | ||||||||||
Net current-period other comprehensive income (loss) | 2,868 | (180 | ) | 2,688 | |||||||||
Balance at end of period | $ | 1,480 | $ | 240 | $ | 1,720 | |||||||
Three Months Ended April 30, 2013 | |||||||||||||
Foreign | Unrealized Gains | Total | |||||||||||
Currency | and (Losses) on | ||||||||||||
Translation | Available-for- | ||||||||||||
Sale Securities | |||||||||||||
Balance at beginning of period | $ | (8,582 | ) | $ | (200 | ) | $ | (8,782 | ) | ||||
Other comprehensive income (loss) before reclassifications | (2,477 | ) | 175 | (2,302 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 215 | 215 | ||||||||||
Net current-period other comprehensive income (loss) | (2,477 | ) | 390 | (2,087 | ) | ||||||||
Balance at end of period | $ | (11,059 | ) | $ | 190 | $ | (10,869 | ) | |||||
All unrealized gains and losses on available-for-sale securities reclassified from accumulated other comprehensive income (loss) were recorded in “Other expense, net” in the Condensed Consolidated Statements of Income. |
Net_Income_per_Common_Share
Net Income per Common Share | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Net Income per Common Share | ' | ||||||||
9. Net Income per Common Share | |||||||||
The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income per common share: | |||||||||
Three Months Ended | |||||||||
April 30, | |||||||||
2014 | 2013 | ||||||||
Basic weighted-average common shares outstanding | 144,075,666 | 146,289,751 | |||||||
Effect of dilutive options, stock appreciation rights, performance stock units and restricted stock units | 1,830,878 | 2,509,305 | |||||||
Diluted weighted-average shares outstanding | 145,906,544 | 148,799,056 | |||||||
For the three months ended April 30, 2014, awards to purchase 947,950 common shares with an exercise price range of $37.02 to $46.02 were excluded from the Company’s computation of diluted weighted-average shares outstanding because their effect would have been anti-dilutive. For the three months ended April 30, 2013, there were no anti-dilutive awards excluded from the calculation of diluted net income per common share. | |||||||||
Excluded from the calculation of diluted net income per common share as of April 30, 2014 and 2013 were 1,742,033 and 367,100 performance-based equity awards, respectively, since they did not meet the required performance criteria. |
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended |
Apr. 30, 2014 | |
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 | 3 Months Ended | ||||||||||||
Apr. 30, 2014 | |||||||||||||
Segment Reporting | ' | ||||||||||||
11. Segment Reporting | |||||||||||||
The Company is a global retailer of lifestyle-oriented general merchandise with two reportable segments—“Retail” and “Wholesale.” The Company’s Retail segment consists of the aggregation of its five brands operating through 516 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 more than 93% of total consolidated net sales for the three months ended April 30, 2014 and 2013, respectively. The remaining net sales are derived from the Company’s Wholesale segment that distributes apparel to its Retail segment and to approximately 1,400 better department and specialty retailers worldwide. | |||||||||||||
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 has substantially integrated all available shopping channels, including stores, websites (online and through mobile devices) and catalogs. The Company’s investments in areas such as marketing campaigns and technology advancements are designed to generate demand for the omni-channel and not the separate store or direct-to-consumer channels. Store sales are primarily fulfilled from that store’s inventory, but may also be shipped from any of the Company’s 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 the Company’s customers through its fulfillment centers, but may also be shipped from any store, or a combination of fulfillment centers and stores depending on the availability of a particular item. As the Company’s customers continue to shop across multiple channels, the Company has adapted its approach towards meeting this demand. Due to the availability of like product in a variety of shopping channels, the Company now sources these products utilizing single stock keeping units based on the omni-channel demand rather than the demand of the separate channels. These and other technological capabilities allow the Company to better serve its customers and help it to fill orders that otherwise may have been cancelled due to out-of-stock positions. As a result of changing customer behavior and the substantial integration of the operations of the Company’s store and direct-to-consumer channels, the Company manages and analyzes its performance based on a single omni-channel rather than separate channels and believes that the omni-channel results present the most meaningful and appropriate measure of the Company’s performance. | |||||||||||||
The accounting policies of the reportable 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, 2014. 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: | |||||||||||||
April 30, | January 31, | April 30, | |||||||||||
2014 | 2014 | 2013 | |||||||||||
Inventories | |||||||||||||
Retail operations | $ | 320,961 | $ | 282,590 | $ | 309,277 | |||||||
Wholesale operations | 28,084 | 28,617 | 16,194 | ||||||||||
Total inventories | $ | 349,045 | $ | 311,207 | $ | 325,471 | |||||||
Property and equipment, net | |||||||||||||
Retail operations | $ | 831,854 | $ | 802,965 | $ | 719,505 | |||||||
Wholesale operations | 4,390 | 3,944 | 2,367 | ||||||||||
Total property and equipment, net | $ | 836,244 | $ | 806,909 | $ | 721,872 | |||||||
Three Months Ended | |||||||||||||
April 30, | |||||||||||||
2014 | 2013 | ||||||||||||
Net sales | |||||||||||||
Retail operations | $ | 640,430 | $ | 611,971 | |||||||||
Wholesale operations | 48,290 | 37,789 | |||||||||||
Intersegment elimination | (2,410 | ) | (1,583 | ) | |||||||||
Total net sales | $ | 686,310 | $ | 648,177 | |||||||||
Income from operations | |||||||||||||
Retail operations | $ | 60,649 | $ | 72,412 | |||||||||
Wholesale operations | 9,991 | 8,332 | |||||||||||
Intersegment elimination | (240 | ) | (168 | ) | |||||||||
Total segment operating income | 70,400 | 80,576 | |||||||||||
General corporate expenses | (10,579 | ) | (7,610 | ) | |||||||||
Total income from operations | $ | 59,821 | $ | 72,966 | |||||||||
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: | |||||||||||||
April 30, | January 31, | April 30, | |||||||||||
2014 | 2014 | 2013 | |||||||||||
Property and equipment, net | |||||||||||||
Domestic operations | $ | 685,195 | $ | 655,866 | $ | 579,644 | |||||||
Foreign operations | 151,049 | 151,043 | 142,228 | ||||||||||
Total property and equipment, net | $ | 836,244 | $ | 806,909 | $ | 721,872 | |||||||
Three Months Ended | |||||||||||||
April 30, | |||||||||||||
2014 | 2013 | ||||||||||||
Net Sales | |||||||||||||
Domestic operations | $ | 600,913 | $ | 569,567 | |||||||||
Foreign operations | 85,397 | 78,610 | |||||||||||
Total net sales | $ | 686,310 | $ | 648,177 | |||||||||
Marketable_Securities_Tables
Marketable Securities (Tables) | 3 Months Ended | ||||||||||||||||
Apr. 30, 2014 | |||||||||||||||||
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 April 30, 2014, January 31, 2014 and April 30, 2013 were as follows: | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||
Cost | Gains | (Losses) | Value | ||||||||||||||
As of April 30, 2014 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 54,678 | $ | 30 | $ | (17 | ) | $ | 54,691 | ||||||||
Municipal and pre-refunded municipal bonds | 44,522 | 41 | — | 44,563 | |||||||||||||
Certificates of deposit | 23,348 | 10 | (1 | ) | 23,357 | ||||||||||||
Commercial paper | 24,678 | 6 | — | 24,684 | |||||||||||||
Treasury bills | 2,498 | 3 | — | 2,501 | |||||||||||||
149,724 | 90 | (18 | ) | 149,796 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 85,583 | 168 | (31 | ) | 85,720 | ||||||||||||
Municipal and pre-refunded municipal bonds | 68,511 | 178 | (14 | ) | 68,675 | ||||||||||||
Certificates of deposit | 1,499 | 1 | — | 1,500 | |||||||||||||
Treasury bills | 15,404 | 9 | — | 15,413 | |||||||||||||
Mutual funds, held in rabbi trust | 2,579 | 33 | (12 | ) | 2,600 | ||||||||||||
Federal government agencies | 1,782 | 4 | — | 1,786 | |||||||||||||
175,358 | 393 | (57 | ) | 175,694 | |||||||||||||
$ | 325,082 | $ | 483 | $ | (75 | ) | $ | 325,490 | |||||||||
As of January 31, 2014 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 100,856 | $ | 56 | $ | (41 | ) | $ | 100,871 | ||||||||
Municipal and pre-refunded municipal bonds | 85,000 | 98 | (2 | ) | 85,096 | ||||||||||||
Certificates of deposit | 35,844 | 13 | (1 | ) | 35,856 | ||||||||||||
Commercial paper | 35,101 | 7 | (1 | ) | 35,107 | ||||||||||||
Treasury bills | 24,873 | 10 | — | 24,883 | |||||||||||||
281,674 | 184 | (45 | ) | 281,813 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 208,446 | 268 | (162 | ) | 208,552 | ||||||||||||
Municipal and pre-refunded municipal bonds | 125,934 | 415 | (8 | ) | 126,341 | ||||||||||||
Certificates of deposit | 4,000 | — | (2 | ) | 3,998 | ||||||||||||
Treasury bills | 21,551 | 21 | — | 21,572 | |||||||||||||
Mutual funds, held in rabbi trust | 1,591 | 108 | (33 | ) | 1,666 | ||||||||||||
Federal government agencies | 4,287 | 6 | — | 4,293 | |||||||||||||
365,809 | 818 | (205 | ) | 366,422 | |||||||||||||
$ | 647,483 | $ | 1,002 | $ | (250 | ) | $ | 648,235 | |||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||
Cost | Gains | (Losses) | Value | ||||||||||||||
As of April 30, 2013 | |||||||||||||||||
Short-term Investments: | |||||||||||||||||
Corporate bonds | $ | 76,563 | $ | 49 | $ | (26 | ) | $ | 76,586 | ||||||||
Municipal and pre-refunded municipal bonds | 75,507 | 58 | (1 | ) | 75,564 | ||||||||||||
Certificate of deposit | 40,222 | 23 | — | 40,245 | |||||||||||||
Commercial paper | 8,476 | 6 | — | 8,482 | |||||||||||||
Treasury bills | 12,060 | 1 | — | 12,061 | |||||||||||||
Federal government agencies | 2,000 | — | — | 2,000 | |||||||||||||
214,828 | 137 | (27 | ) | 214,938 | |||||||||||||
Long-term Investments: | |||||||||||||||||
Corporate bonds | 76,717 | 117 | (44 | ) | 76,790 | ||||||||||||
Municipal and pre-refunded municipal bonds | 50,913 | 121 | (4 | ) | 51,030 | ||||||||||||
Certificate of deposit | 2,099 | 1 | — | 2,100 | |||||||||||||
Treasury bills | 9,666 | 4 | — | 9,670 | |||||||||||||
Mutual funds, held in rabbi trust | 328 | 9 | — | 337 | |||||||||||||
Federal government agencies | 9,845 | — | (1 | ) | 9,844 | ||||||||||||
149,568 | 252 | (49 | ) | 149,771 | |||||||||||||
$ | 364,396 | $ | 389 | $ | (76 | ) | $ | 364,709 | |||||||||
Fair_Value_Tables
Fair Value (Tables) | 3 Months Ended | ||||||||||||||||
Apr. 30, 2014 | |||||||||||||||||
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 table below: | |||||||||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
April 30, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 140,411 | $ | — | $ | — | $ | 140,411 | |||||||||
Municipal and pre-refunded municipal bonds | — | 113,238 | — | 113,238 | |||||||||||||
Certificates of deposit | — | 24,857 | — | 24,857 | |||||||||||||
Commercial paper | — | 24,684 | — | 24,684 | |||||||||||||
Treasury bills | 17,914 | — | — | 17,914 | |||||||||||||
Mutual funds, held in rabbi trust | 2,600 | — | — | 2,600 | |||||||||||||
Federal government agencies | 1,786 | — | — | 1,786 | |||||||||||||
$ | 162,711 | $ | 162,779 | $ | — | $ | 325,490 | ||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
January 31, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 309,423 | $ | — | $ | — | $ | 309,423 | |||||||||
Municipal and pre-refunded municipal bonds | — | 211,437 | — | 211,437 | |||||||||||||
Certificates of deposit | — | 39,854 | — | 39,854 | |||||||||||||
Commercial paper | — | 35,107 | — | 35,107 | |||||||||||||
Treasury bills | 46,455 | — | — | 46,455 | |||||||||||||
Mutual funds, held in rabbi trust | 1,666 | — | — | 1,666 | |||||||||||||
Federal government agencies | 4,293 | — | — | 4,293 | |||||||||||||
$ | 361,837 | $ | 286,398 | $ | — | $ | 648,235 | ||||||||||
Marketable Securities Fair Value as of | |||||||||||||||||
April 30, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Corporate bonds | $ | 153,376 | $ | — | $ | — | $ | 153,376 | |||||||||
Municipal and pre-refunded municipal bonds | — | 126,594 | — | 126,594 | |||||||||||||
Certificates of deposit | — | 42,345 | — | 42,345 | |||||||||||||
Commercial paper | — | 8,482 | — | 8,482 | |||||||||||||
Treasury bills | 21,731 | — | — | 21,731 | |||||||||||||
Mutual funds, held in rabbi trust | 337 | — | — | 337 | |||||||||||||
Federal government agencies | 11,844 | — | — | 11,844 | |||||||||||||
$ | 187,288 | $ | 177,421 | $ | — | $ | 364,709 | ||||||||||
ShareBased_Compensation_Tables
Share-Based Compensation (Tables) | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income | ' | ||||||||
Share-based compensation expense included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Income, for the three months ended April 30, 2014 and 2013 was as follows: | |||||||||
Three Months Ended | |||||||||
April 30, | |||||||||
2014 | 2013 | ||||||||
Stock options | $ | 413 | $ | 704 | |||||
Stock appreciation rights | 646 | 767 | |||||||
Performance stock units | 3,461 | 2,123 | |||||||
Restricted stock units | 56 | 47 | |||||||
Total | $ | 4,576 | $ | 3,641 | |||||
Schedule of Share Based Awards Issued and Weighted Average Fair Value | ' | ||||||||
Share-based awards granted and the weighted-average fair value for the three months ended April 30, 2014 was as follows: | |||||||||
Three Months Ended | |||||||||
April 30, 2014 | |||||||||
Awards | Weighted | ||||||||
Granted | Average Fair | ||||||||
Value | |||||||||
Stock options | — | $ | — | ||||||
Stock appreciation rights | — | $ | — | ||||||
Performance stock units | 17,000 | $ | 22.67 | ||||||
Restricted stock units | — | $ | — | ||||||
Total | 17,000 | ||||||||
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 April 30, 2014 is as follows: | |||||||||
April 30 , 2014 | |||||||||
Unrecognized | Weighted | ||||||||
Compensation | Average | ||||||||
Cost | Years | ||||||||
Stock options | $ | 376 | 0.6 | ||||||
Stock appreciation rights | 4,929 | 2.2 | |||||||
Performance stock units | 39,886 | 3.2 | |||||||
Restricted stock units | 80 | 0.9 | |||||||
Total | $ | 45,271 | 3.1 | ||||||
Other_Comprehensive_Income_Los1
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended | ||||||||||||
Apr. 30, 2014 | |||||||||||||
Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax | ' | ||||||||||||
The following tables present the changes in accumulated other comprehensive income (loss), by component, net of tax, for the three months ended April 30, 2014 and 2013, respectively: | |||||||||||||
Three Months Ended April 30, 2014 | |||||||||||||
Foreign | Unrealized Gains | Total | |||||||||||
Currency | and (Losses) on | ||||||||||||
Translation | Available-for- | ||||||||||||
Sale Securities | |||||||||||||
Balance at beginning of period | $ | -1,388 | $ | 420 | $ | (968 | ) | ||||||
Other comprehensive income (loss) before reclassifications. | 2,868 | (250 | ) | 2,618 | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 70 | 70 | ||||||||||
Net current-period other comprehensive income (loss) | 2,868 | (180 | ) | 2,688 | |||||||||
Balance at end of period | $ | 1,480 | $ | 240 | $ | 1,720 | |||||||
Three Months Ended April 30, 2013 | |||||||||||||
Foreign | Unrealized Gains | Total | |||||||||||
Currency | and (Losses) on | ||||||||||||
Translation | Available-for- | ||||||||||||
Sale Securities | |||||||||||||
Balance at beginning of period | $ | (8,582 | ) | $ | (200 | ) | $ | (8,782 | ) | ||||
Other comprehensive income (loss) before reclassifications | (2,477 | ) | 175 | (2,302 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 215 | 215 | ||||||||||
Net current-period other comprehensive income (loss) | (2,477 | ) | 390 | (2,087 | ) | ||||||||
Balance at end of period | $ | (11,059 | ) | $ | 190 | $ | (10,869 | ) | |||||
Net_Income_per_Common_Share_Ta
Net Income per Common Share (Tables) | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
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 common shares outstanding used for the computation of basic and diluted net income per common share: | |||||||||
Three Months Ended | |||||||||
April 30, | |||||||||
2014 | 2013 | ||||||||
Basic weighted-average common shares outstanding | 144,075,666 | 146,289,751 | |||||||
Effect of dilutive options, stock appreciation rights, performance stock units and restricted stock units | 1,830,878 | 2,509,305 | |||||||
Diluted weighted-average shares outstanding | 145,906,544 | 148,799,056 | |||||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 3 Months Ended | ||||||||||||
Apr. 30, 2014 | |||||||||||||
Schedule of Operations by Segment | ' | ||||||||||||
A summary of the information about the Company’s operations by segment is as follows: | |||||||||||||
April 30, | January 31, | April 30, | |||||||||||
2014 | 2014 | 2013 | |||||||||||
Inventories | |||||||||||||
Retail operations | $ | 320,961 | $ | 282,590 | $ | 309,277 | |||||||
Wholesale operations | 28,084 | 28,617 | 16,194 | ||||||||||
Total inventories | $ | 349,045 | $ | 311,207 | $ | 325,471 | |||||||
Property and equipment, net | |||||||||||||
Retail operations | $ | 831,854 | $ | 802,965 | $ | 719,505 | |||||||
Wholesale operations | 4,390 | 3,944 | 2,367 | ||||||||||
Total property and equipment, net | $ | 836,244 | $ | 806,909 | $ | 721,872 | |||||||
Three Months Ended | |||||||||||||
April 30, | |||||||||||||
2014 | 2013 | ||||||||||||
Net sales | |||||||||||||
Retail operations | $ | 640,430 | $ | 611,971 | |||||||||
Wholesale operations | 48,290 | 37,789 | |||||||||||
Intersegment elimination | (2,410 | ) | (1,583 | ) | |||||||||
Total net sales | $ | 686,310 | $ | 648,177 | |||||||||
Income from operations | |||||||||||||
Retail operations | $ | 60,649 | $ | 72,412 | |||||||||
Wholesale operations | 9,991 | 8,332 | |||||||||||
Intersegment elimination | (240 | ) | (168 | ) | |||||||||
Total segment operating income | 70,400 | 80,576 | |||||||||||
General corporate expenses | (10,579 | ) | (7,610 | ) | |||||||||
Total income from operations | $ | 59,821 | $ | 72,966 | |||||||||
Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment | ' | ||||||||||||
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: | |||||||||||||
April 30, | January 31, | April 30, | |||||||||||
2014 | 2014 | 2013 | |||||||||||
Property and equipment, net | |||||||||||||
Domestic operations | $ | 685,195 | $ | 655,866 | $ | 579,644 | |||||||
Foreign operations | 151,049 | 151,043 | 142,228 | ||||||||||
Total property and equipment, net | $ | 836,244 | $ | 806,909 | $ | 721,872 | |||||||
Three Months Ended | |||||||||||||
April 30, | |||||||||||||
2014 | 2013 | ||||||||||||
Net Sales | |||||||||||||
Domestic operations | $ | 600,913 | $ | 569,567 | |||||||||
Foreign operations | 85,397 | 78,610 | |||||||||||
Total net sales | $ | 686,310 | $ | 648,177 | |||||||||
Amortized_Cost_Gross_Unrealize
Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 | Apr. 30, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | $325,082 | $647,483 | $364,396 |
Unrealized Gains | 483 | 1,002 | 389 |
Unrealized (Losses) | -75 | -250 | -76 |
Fair Value | 325,490 | 648,235 | 364,709 |
Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 149,724 | 281,674 | 214,828 |
Unrealized Gains | 90 | 184 | 137 |
Unrealized (Losses) | -18 | -45 | -27 |
Fair Value | 149,796 | 281,813 | 214,938 |
Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 175,358 | 365,809 | 149,568 |
Unrealized Gains | 393 | 818 | 252 |
Unrealized (Losses) | -57 | -205 | -49 |
Fair Value | 175,694 | 366,422 | 149,771 |
Corporate Bonds | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 140,411 | 309,423 | 153,376 |
Corporate Bonds | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 54,678 | 100,856 | 76,563 |
Unrealized Gains | 30 | 56 | 49 |
Unrealized (Losses) | -17 | -41 | -26 |
Fair Value | 54,691 | 100,871 | 76,586 |
Corporate Bonds | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 85,583 | 208,446 | 76,717 |
Unrealized Gains | 168 | 268 | 117 |
Unrealized (Losses) | -31 | -162 | -44 |
Fair Value | 85,720 | 208,552 | 76,790 |
Municipal And Pre-Refunded Municipal Bonds | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 113,238 | 211,437 | 126,594 |
Municipal And Pre-Refunded Municipal Bonds | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 44,522 | 85,000 | 75,507 |
Unrealized Gains | 41 | 98 | 58 |
Unrealized (Losses) | ' | -2 | -1 |
Fair Value | 44,563 | 85,096 | 75,564 |
Municipal And Pre-Refunded Municipal Bonds | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 68,511 | 125,934 | 50,913 |
Unrealized Gains | 178 | 415 | 121 |
Unrealized (Losses) | -14 | -8 | -4 |
Fair Value | 68,675 | 126,341 | 51,030 |
Certificates of Deposit | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 24,857 | 39,854 | 42,345 |
Certificates of Deposit | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 23,348 | 35,844 | 40,222 |
Unrealized Gains | 10 | 13 | 23 |
Unrealized (Losses) | -1 | -1 | ' |
Fair Value | 23,357 | 35,856 | 40,245 |
Certificates of Deposit | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 1,499 | 4,000 | 2,099 |
Unrealized Gains | 1 | ' | 1 |
Unrealized (Losses) | ' | -2 | ' |
Fair Value | 1,500 | 3,998 | 2,100 |
Commercial Paper | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 24,684 | 35,107 | 8,482 |
Commercial Paper | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 24,678 | 35,101 | 8,476 |
Unrealized Gains | 6 | 7 | 6 |
Unrealized (Losses) | ' | -1 | ' |
Fair Value | 24,684 | 35,107 | 8,482 |
Treasury Bills | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 17,914 | 46,455 | 21,731 |
Treasury Bills | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 2,498 | 24,873 | 12,060 |
Unrealized Gains | 3 | 10 | 1 |
Fair Value | 2,501 | 24,883 | 12,061 |
Treasury Bills | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 15,404 | 21,551 | 9,666 |
Unrealized Gains | 9 | 21 | 4 |
Fair Value | 15,413 | 21,572 | 9,670 |
Mutual Funds, Held in Rabbi Trust | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 2,600 | 1,666 | 337 |
Mutual Funds, Held in Rabbi Trust | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 2,579 | 1,591 | 328 |
Unrealized Gains | 33 | 108 | 9 |
Unrealized (Losses) | -12 | -33 | ' |
Fair Value | 2,600 | 1,666 | 337 |
Federal Government Agencies | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value | 1,786 | 4,293 | 11,844 |
Federal Government Agencies | Short-term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | ' | ' | 2,000 |
Fair Value | ' | ' | 2,000 |
Federal Government Agencies | Long Term Investments | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 1,782 | 4,287 | 9,845 |
Unrealized Gains | 4 | 6 | ' |
Unrealized (Losses) | ' | ' | -1 |
Fair Value | $1,786 | $4,293 | $9,844 |
Marketable_Securities_Addition
Marketable Securities - Additional Information (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Proceeds from sale and maturities of available-for-sale securities | $485,375 | $155,801 |
Amortization of discounts and premiums, net | 2,607 | 2,192 |
Other Expense Income Net | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Net realized gain (loss) | $70 | ($215) |
Financial_Assets_Measured_at_F
Financial Assets Measured at Fair Value on Recurring Basis (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 | Apr. 30, 2013 |
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 | $325,490 | $648,235 | $364,709 |
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 | 140,411 | 309,423 | 153,376 |
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 | 113,238 | 211,437 | 126,594 |
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 | 24,857 | 39,854 | 42,345 |
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 | 24,684 | 35,107 | 8,482 |
Treasury Bills | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 17,914 | 46,455 | 21,731 |
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 | 2,600 | 1,666 | 337 |
Federal Government Agencies | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 1,786 | 4,293 | 11,844 |
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 | 162,711 | 361,837 | 187,288 |
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 | 140,411 | 309,423 | 153,376 |
Fair Value, Inputs, Level 1 | Treasury Bills | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 17,914 | 46,455 | 21,731 |
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 | 2,600 | 1,666 | 337 |
Fair Value, Inputs, Level 1 | Federal Government Agencies | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financial assets accounted for at fair value on a recurring basis | 1,786 | 4,293 | 11,844 |
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 | 162,779 | 286,398 | 177,421 |
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 | 113,238 | 211,437 | 126,594 |
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 | 24,857 | 39,854 | 42,345 |
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 | $24,684 | $35,107 | $8,482 |
Fair_Value_Additional_Informat
Fair Value - Additional Information (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 | Apr. 30, 2013 | Apr. 30, 2013 |
In Thousands, unless otherwise specified | Fair Value, Inputs, Level 3 | |||
Auction Rate Securities | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Proceeds from sale of available-for-sale securities | ' | ' | ' | $4,580 |
Amortized cost of available-for-sale securities | 325,082 | 647,483 | 364,396 | 4,925 |
Estimated fair value of available-for-sale securities | $325,490 | $648,235 | $364,709 | $4,330 |
Line_of_Credit_Facility_Additi
Line of Credit Facility - Additional Information (Detail) (Amended and Restated Line, USD $) | 0 Months Ended | |
Mar. 27, 2014 | Apr. 30, 2014 | |
Line of Credit Facility [Line Items] | ' | ' |
Line of credit facility | $175,000,000 | ' |
Line of credit facility, period | '5 years | ' |
Additional line of credit borrowing, amount | 50,000,000 | ' |
Outstanding letters of credit and stand-by letters of credit | ' | 85,974,000 |
Available credit including accordion feature | ' | $89,026,000 |
Minimum | ' | ' |
Line of Credit Facility [Line Items] | ' | ' |
Interest rate on cash advances in addition to LIBOR | 0.50% | ' |
Maximum | ' | ' |
Line of Credit Facility [Line Items] | ' | ' |
Interest rate on cash advances in addition to LIBOR | 1.50% | ' |
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 | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | $4,576 | $3,641 |
Stock Options | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | 413 | 704 |
Stock Appreciation Rights (SARs) | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | 646 | 767 |
Performance Stock Units | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | 3,461 | 2,123 |
Restricted Stock Units | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | $56 | $47 |
Schedule_of_Share_Based_Awards
Schedule of Share Based Awards Issued and Weighted Average Fair Value (Detail) (USD $) | 3 Months Ended |
Apr. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Awards Granted | 17,000 |
Performance Stock Units | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Awards Granted | 17,000 |
Weighted Average Fair Value | 22.67 |
Schedule_of_Unrecognized_Compe
Schedule of Unrecognized Compensation Cost and Weighted Average Period of Recognition (Detail) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Apr. 30, 2014 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | $45,271 |
Weighted Average Years | '3 years 1 month 6 days |
Stock Options | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | 376 |
Weighted Average Years | '7 months 6 days |
Stock Appreciation Rights (SARs) | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | 4,929 |
Weighted Average Years | '2 years 2 months 12 days |
Performance Stock Units | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | 39,886 |
Weighted Average Years | '3 years 2 months 12 days |
Restricted Stock Units | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized Compensation Cost | $80 |
Weighted Average Years | '10 months 24 days |
Shareholders_Equity_Additional
Shareholder's Equity - Additional Information (Detail) (USD $) | 3 Months Ended | 3 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Apr. 30, 2014 | Jan. 31, 2014 | Aug. 27, 2013 | Apr. 30, 2013 | 27-May-14 | Apr. 30, 2014 |
Subsequent Event | Employee Stock | |||||
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Common shares authorized for repurchase, shares | ' | ' | 10,000,000 | ' | 10,000,000 | ' |
Stock repurchased and retired during period, common shares | 9,699,700 | ' | ' | ' | ' | 1,690 |
Stock repurchased and retired during period, total cost | $353,315 | ' | ' | ' | ' | $61 |
Average cost per share | $36.43 | ' | ' | ' | ' | ' |
Additional paid-in-capital | 0 | 97,684 | ' | 74,618 | ' | ' |
Retained earnings reduction related to shares repurchased | $250,246 | ' | ' | ' | ' | ' |
Changes_in_Accumulated_Other_C
Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' |
Beginning Balance | ($968) | ($8,782) |
Other comprehensive income (loss) before reclassifications | 2,618 | -2,302 |
Amounts reclassified from accumulated other comprehensive income (loss) | 70 | 215 |
Net current-period other comprehensive income (loss) | 2,688 | -2,087 |
Ending Balance | 1,720 | -10,869 |
Foreign Currency Translation | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' |
Beginning Balance | -1,388 | -8,582 |
Other comprehensive income (loss) before reclassifications | 2,868 | -2,477 |
Net current-period other comprehensive income (loss) | 2,868 | -2,477 |
Ending Balance | 1,480 | -11,059 |
Unrealized Gains and (Losses) on available- for-Sale Securities | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' |
Beginning Balance | 420 | -200 |
Other comprehensive income (loss) before reclassifications | -250 | 175 |
Amounts reclassified from accumulated other comprehensive income (loss) | 70 | 215 |
Net current-period other comprehensive income (loss) | -180 | 390 |
Ending Balance | $240 | $190 |
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 | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Earnings Per Share [Line Items] | ' | ' |
Basic weighted-average common shares outstanding | 144,075,666 | 146,289,751 |
Effect of dilutive options, stock appreciation rights, performance stock units and restricted stock units | 1,830,878 | 2,509,305 |
Diluted weighted-average shares outstanding | 145,906,544 | 148,799,056 |
Net_Income_per_Common_Share_Ad
Net Income per Common Share - Additional Information (Detail) (USD $) | 3 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Anti-dilutive common shares | 947,950 | 0 |
Anti-dilutive common shares exercise price, minimum | $37.02 | ' |
Anti-dilutive common shares exercise price, maximum | $46.02 | ' |
Performance Stock Units | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Anti-dilutive common shares | 1,742,033 | 367,100 |
Segment_Reporting_Additional_I
Segment Reporting - Additional Information (Detail) | 3 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Segment | ||
Store | ||
Brand | ||
Retail Operations | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Number of reporting segments | 2 | ' |
Number of brands | 5 | ' |
Number of stores | 516 | ' |
Percentage of net sales | 93.00% | 93.00% |
Wholesale Operations | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Number of stores | 1,400 | ' |
Schedule_of_Operations_by_Segm
Schedule of Operations by Segment (Detail) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 | Jan. 31, 2014 |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total inventories | $349,045 | $325,471 | $311,207 |
Total property and equipment, net | 836,244 | 721,872 | 806,909 |
Total net sales | 686,310 | 648,177 | ' |
General corporate expenses | -10,579 | -7,610 | ' |
Total income from operations | 59,821 | 72,966 | ' |
Retail Operations | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total inventories | 320,961 | 309,277 | 282,590 |
Total property and equipment, net | 831,854 | 719,505 | 802,965 |
Wholesale Operations | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total inventories | 28,084 | 16,194 | 28,617 |
Total property and equipment, net | 4,390 | 2,367 | 3,944 |
Operating Segments | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total income from operations | 70,400 | 80,576 | ' |
Operating Segments | Retail Operations | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total net sales | 640,430 | 611,971 | ' |
Total income from operations | 60,649 | 72,412 | ' |
Operating Segments | Wholesale Operations | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total net sales | 48,290 | 37,789 | ' |
Total income from operations | 9,991 | 8,332 | ' |
Intersegment Elimination | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total net sales | -2,410 | -1,583 | ' |
Total income from operations | ($240) | ($168) | ' |
Schedule_of_Revenues_and_LongL
Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment (Detail) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 | Jan. 31, 2014 |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total property and equipment, net | $836,244 | $721,872 | $806,909 |
Total net sales | 686,310 | 648,177 | ' |
Domestic Operations | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total property and equipment, net | 685,195 | 579,644 | 655,866 |
Total net sales | 600,913 | 569,567 | ' |
Foreign Operations | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total property and equipment, net | 151,049 | 142,228 | 151,043 |
Total net sales | $85,397 | $78,610 | ' |