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<SEC-DOCUMENT>0000078239-10-000081.txt : 20101202
<SEC-HEADER>0000078239-10-000081.hdr.sgml : 20101202
<ACCEPTANCE-DATETIME>20101202170323
ACCESSION NUMBER:		0000078239-10-000081
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20101202
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20101202
DATE AS OF CHANGE:		20101202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHILLIPS VAN HEUSEN CORP /DE/
		CENTRAL INDEX KEY:			0000078239
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		IRS NUMBER:				131166910
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0130

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07572
		FILM NUMBER:		101228503

	BUSINESS ADDRESS:	
		STREET 1:		200 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		2123813500

	MAIL ADDRESS:	
		STREET 1:		200 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eightkdec22010.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="MECPC1">
<META NAME="date" CONTENT="12/01/2010">
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<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:604.8px"><P style="margin:0px" align=right><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin-top:16px; margin-bottom:0px; font-size:12pt" align=center><B>_____________________________</B></P>
<P style="margin-top:32px; margin-bottom:0px; font-size:12pt" align=center><B>FORM 8-K</B></P>
<P style="margin-top:16px; margin-bottom:0px; font-size:12pt" align=center><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the<BR>
Securities Exchange Act of 1934</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center>Date of Report (Date of earliest event reported) </P>
<P style="margin:0px; font-size:12pt" align=center><U>December 2, 2010</U></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center><U>PHILLIPS-VAN HEUSEN CORPORATION<BR>
</U>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=192 /><TD width=204 /><TD width=6 /><TD width=186 /><TD width=1.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=192><P style="line-height:12pt; margin-top:0px; margin-bottom:16px; padding-left:-48px; font-size:12pt" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delaware</U></P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="line-height:12pt; margin-top:0px; margin-bottom:16px; padding-left:-48px; font-size:12pt" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>001-07572</U></P>
</TD><TD style="margin-top:0px" valign=top width=193.2 colspan=3><P style="line-height:12pt; margin-top:0px; margin-bottom:16px; font-size:12pt" align=center><U>13-1166910</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=192><P style="margin:0px; font-size:12pt" align=center>(State or other jurisdiction of incorporation)</P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="line-height:12pt; margin-top:0px; margin-bottom:16px; padding-left:-48px; font-size:12pt" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Commission File Number)</P>
</TD><TD style="margin-top:0px" valign=top width=193.2 colspan=3><P style="line-height:12pt; margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>(IRS Employer Identification No.)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=402 colspan=3><P style="line-height:12pt; margin-top:0px; margin-bottom:16px; padding-left:-48px; font-size:12pt" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>200 Madison Avenue, New York, New York</U></P>
</TD><TD style="margin-top:0px" valign=top width=187.2 colspan=2><P style="line-height:12pt; margin-top:0px; margin-bottom:16px; padding-left:-48px; font-size:12pt" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>10016</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=402 colspan=3><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>(Address of principal executive offices)</P>
</TD><TD style="margin-top:0px" valign=top width=187.2 colspan=2><P style="line-height:12pt; margin-top:0px; margin-bottom:16px; padding-left:-48px; font-size:12pt" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style="margin-top:0px; margin-bottom:32px; font-size:12pt">Registrant&#146;s telephone number, including area code &nbsp;<U>(212)-381-3500</U></P>
<P style="margin:0px; font-size:12pt" align=center><U>Not Applicable</U></P>
<P style="margin:0px; font-size:12pt" align=center>(Former name or former address, if changed since last report.)</P>
<P style="margin-top:0px; margin-bottom:8px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:8px; font-size:12pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="margin:0px; font-family:Wingdings; font-size:12pt">&#168;<FONT style="font-family:Times New Roman"> &nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="margin:0px; font-family:Wingdings; font-size:12pt">&#168;<FONT style="font-family:Times New Roman"> &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="margin:0px; font-family:Wingdings; font-size:12pt">&#168;<FONT style="font-family:Times New Roman"> &nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act </FONT></P>
<P style="margin:0px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17 CFR 240.14d-2(b))</P>
<P style="margin:0px; font-family:Wingdings; font-size:12pt">&#168;<FONT style="font-family:Times New Roman"> &nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act </FONT></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17 CFR 240.13e-4(c))</P>
<P style="margin-top:0px; margin-bottom:16px"><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin-top:16px; margin-bottom:0px; page-break-before:always" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style=margin-top:6.667px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:12pt; float:left"><B>ITEM 2.02</B></P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:-2px; font-size:12pt"><B>RESULTS OF OPERATIONS AND FINANCIAL CONDITION</B></P>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt; clear:left">On December 2, 2010, Phillips-Van Heusen Corporation (the &#147;Company&#148;) issued a press release to report the Company&#146;s earnings for the third quarter 2010, which is attached to this report as Exhibit 99.1.</P>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt">The information in this Form 8-K and the Exhibit attached hereto shall not be deemed &#147;filed&#148; for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, regardless of any general incorporation language in such filing.</P>
<P style="margin:6.667px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Times New Roman Bold,Times New Roman; font-size:12pt; float:left"><B>ITEM 9.01</B></P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:-2px; font-family:Times New Roman Bold,Times New Roman; font-size:12pt"><B>FINANCIAL STATEMENTS AND EXHIBITS</B></P>
<P style="margin-top:0px; margin-bottom:16px; padding-left:24px; font-size:12pt; clear:left">(d) &nbsp;<I>Exhibits</I>.</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=129.8 /><TD width=460.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=129.8><P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt"><B>Exhibit </B></P>
</TD><TD style="margin-top:0px" valign=top width=460.2><P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt"><B>Description</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=129.8><P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt">99.1</P>
</TD><TD style="margin-top:0px" valign=top width=460.2><P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt">Press Release, dated December 2, 2010.</P>
</TD></TR>
</TABLE>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt">&nbsp;</P>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt">&nbsp;</P>
<P style="margin:6.667px"><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:6.667px; page-break-before:always"><BR></P>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt">&nbsp;</P>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt" align=center><B>SIGNATURES</B></P>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin-top:6.667px; margin-bottom:6.667px; padding-left:270px; font-size:12pt">PHILLIPS-VAN HEUSEN CORPORATION</P>
<P style="margin-top:6.667px; margin-bottom:6.667px; padding-left:270px; font-size:12pt">&nbsp;</P>
<P style="margin-top:6.667px; margin-bottom:6.667px; padding-left:270px; font-size:12pt">By: <U>/s/ Bruce Goldstein</U></P>
<P style="margin:0px; padding-left:269.733px; font-size:12pt">Bruce Goldstein</P>
<P style="margin:0px; padding-left:269.733px; font-size:12pt">Senior Vice President and Controller</P>
<P style="margin-top:6.667px; margin-bottom:6.667px; padding-left:384px; font-size:12pt">&nbsp;</P>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt">Date: December 2, 2010</P>
<P style="margin-top:16px; margin-bottom:0px" align=center><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin-top:16px; margin-bottom:0px; font-size:12pt; page-break-before:always" align=center><B>Exhibit Index</B></P>
<P style="margin-top:16px; margin-bottom:0px"><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=111.8 /><TD width=495 /></TR>
<TR><TD style="margin-top:0px" valign=top width=111.8><P style="margin:0px; font-size:12pt"><B>Exhibit </B></P>
</TD><TD style="margin-top:0px" valign=top width=495><P style="margin:0px; font-size:12pt"><B>Description</B><FONT style="font-family:Tms Rmn,Times New Roman"> </FONT></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=111.8><P style="margin:0px; font-size:12pt">99.1<FONT style="font-family:Tms Rmn,Times New Roman"> </FONT></P>
</TD><TD style="margin-top:0px" valign=top width=495><P style="margin:0px; font-size:12pt">Press Release, dated December 2, 2010.</P>
</TD></TR>
</TABLE>
<DIV style="width:604.8px"><P style="margin:6.667px"><BR></P>
<P style="margin:6.667px"><BR></P>
<P style="margin:6.667px"><BR>
<BR></P>
</DIV></BODY>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh991topr3rdqtr2010.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>PHILLIPS-VAN HEUSEN CORPORATION</TITLE>
<META NAME="author" CONTENT="mcolli">
<META NAME="date" CONTENT="12/02/2010">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin:0px; font-family:Arial; font-size:14pt" align=right><B>EXHIBIT 99.1</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=center><B>PHILLIPS-VAN HEUSEN CORPORATION</B></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=center><B>200 MADISON AVENUE</B></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=center><B>NEW YORK, NY 10016</B></P>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px; padding-left:48px; font-family:Arial; font-size:12pt" align=right><B><U>FOR IMMEDIATE RELEASE:</U></B></P>
<P style="margin:0px; padding-left:48px; font-family:Arial; font-size:12pt" align=right><B>December 2, 2010</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:144px; font-family:Arial; font-size:12pt; float:left"><B>Contact: &nbsp;</B></P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-family:Arial; font-size:12pt"><B>Michael Shaffer</B></P>
<P style="margin:0px; padding-left:48px; text-indent:96px; font-family:Arial; font-size:12pt; clear:left"><B>Executive Vice President and Chief Financial Officer</B></P>
<P style="margin:0px; padding-left:48px; text-indent:96px; font-family:Arial; font-size:12pt"><B>(212) 381-3523</B></P>
<P style="margin:0px; padding-left:48px; text-indent:96px; font-family:Arial; font-size:12pt; color:#0000FF"><B><U>www.pvh.com</U></B><FONT style="color:#000000"><B></B></FONT></P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B><U>PHILLIPS-VAN HEUSEN CORPORATION REPORTS 2010</U></B></P>
<P style="line-height:14pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B><U>THIRD QUARTER RESULTS</U></B></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:78px; width:102px; font-family:Wingdings; font-size:8pt; float:left">w</P>
<P style="margin:0px; padding-left:102px; text-indent:-2px; font-family:Arial; font-size:12pt"><B>THIRD QUARTER REVENUE AND EPS EXCEEDED COMPANY&#146;S GUIDANCE AND CONSENSUS ESTIMATE</B></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:78px; width:102px; font-family:Wingdings; font-size:8pt; clear:left; float:left">w</P>
<P style="margin:0px; padding-left:102px; text-indent:-2px; font-family:Arial; font-size:12pt"><B>FULL YEAR REVENUE AND EPS GUIDANCE INCREASED</B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="line-height:18pt; margin:0px; font-family:Arial; font-size:12pt" align=justify>New York, New York &#150; Phillips-Van Heusen Corporation [NYSE: PVH] reported 2010 third quarter and year to date results.</P>
<P style="line-height:20pt; margin:0px" align=justify><BR></P>
<P style="line-height:20pt; margin:0px; font-family:Arial; font-size:12pt" align=justify><B>Non-GAAP Amounts:</B></P>
<P style="line-height:20pt; margin:0px; font-family:Arial; font-size:12pt" align=justify>The discussions in this release that refer to non-GAAP amounts exclude the items that are described under the heading &#147;Non-GAAP Exclusions.&#148; &nbsp;Reconciliations of GAAP to non-GAAP amounts are presented in Tables 1 through 6 and identify and quantify all excluded items.</P>
<P style="line-height:20pt; margin:0px" align=justify><BR></P>
<P style="line-height:18pt; margin:0px; font-family:Arial; font-size:12pt" align=justify><B>For the Third Quarter of 2010:</B></P>
<P style="line-height:18pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Symbol; font-size:12pt; float:left">&#183;</P>
<P style="line-height:18pt; margin:0px; padding-left:24px; text-indent:-2px; font-family:Arial; font-size:12pt" align=justify>Earnings per share on a non-GAAP basis was $1.55, which exceeded the Company&#146;s guidance and the consensus estimate and represents a 44% increase compared to the prior year&#146;s third quarter non-GAAP earnings per share of $1.08.</P>
<P style="line-height:18pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Symbol; font-size:12pt; clear:left; float:left">&#183;</P>
<P style="line-height:18pt; margin:0px; padding-left:24px; text-indent:-2px; font-family:Arial; font-size:12pt" align=justify>GAAP earnings per share was $1.12, which exceeded the Company&#146;s guidance and represents a 29% decrease compared to the prior year&#146;s third quarter GAAP earnings per share of $1.58. &nbsp;</P>
<P style="line-height:18pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Symbol; font-size:12pt; clear:left; float:left">&#183;</P>
<P style="line-height:18pt; margin:0px; padding-left:24px; text-indent:-2px; font-family:Arial; font-size:12pt" align=justify>Revenue was $1,516.4 million, as compared to the prior year&#146;s third quarter revenue of $697.4 million and which exceeded the Company&#146;s guidance. The revenue </P>
<P style="line-height:18pt; margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px; font-family:Arial" align=center>1</P>
<P style="margin:0px"><BR></P>
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<P style="line-height:18pt; margin:0px; padding-left:24px; font-family:Arial,Times New Roman; font-size:12pt; page-break-before:always" align=justify>increase of $819.0 million was driven by (i) $708.4 million of revenue attributable to the Company&#146;s Tommy Hilfiger business; and (ii) a combined $110.6 million or 16% increase in the revenue of the Company&#146;s Calvin Klein and Heritage Brands businesses.</P>
<P style="line-height:18pt; margin:0px" align=justify><BR></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B>Third Quarter Business Review:</B></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><U>Calvin Klein</U></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Total revenue for the Calvin Klein business grew 16% in the quarter to $272.6 million, with strong growth in sales, royalties and advertising revenue. &nbsp;The Calvin Klein brand continued to experience global growth during the quarter, with an increase in royalty revenue of 13% as compared to the prior year's third quarter. &nbsp;This increase was driven by strong performance across virtually all product categories, with jeans, underwear, fragrance, watches, women&#146;s sportswear and dresses continuing to perform particularly well. &nbsp;Sales for the Calvin Klein wholesale and retail businesses increased 15% as compared to the prior year's third quarter, with the Company&#146;s retail comparable store sales growing 12% as compared to the same period. &nbsp;</P>
<P style="line-height:20pt; margin:0px" align=justify><BR></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Earnings before interest and taxes for the Calvin Klein business was $75.6 million in the third quarter, which represents an increase of 33% over the prior year&#146;s third quarter non-GAAP earnings before interest and taxes of $56.8 million, and 49% over the prior year&#146;s third quarter GAAP earnings before interest and taxes of $50.7 million. &nbsp;These increases were due principally to the royalty and sales increases discussed above, combined with an improvement in gross margin resulting from strong sell-throughs and fewer promotional markdowns.</P>
<P style="line-height:20pt; margin:0px" align=justify><BR></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><U>Tommy Hilfiger</U></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>The Tommy Hilfiger business generated $708.4 million of revenue in the third quarter, which was $48.4 million higher than the top end of the Company&#146;s previous guidance due to stronger than anticipated business in both Europe and North America. &nbsp;To a lesser extent, the third quarter also benefited from a stronger than anticipated Euro exchange rate against the U.S. dollar. &nbsp;On a non-GAAP basis, the Tommy Hilfiger business contributed earnings before interest and taxes of $91.3 million in the third </P>
<P style="line-height:20pt; margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>2</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt; page-break-before:always" align=justify>quarter, which was $11.3 million higher than the top end of the Company&#146;s previous guidance. &nbsp;GAAP earnings before interest and taxes for the Tommy Hilfiger business was $62.1 million, which was $7.1 million higher than the top end of the Company&#146;s previous guidance. &nbsp;These increases were due principally to the revenue increase and stronger than anticipated gross margins.</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><U>Heritage Brands</U></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>The Heritage Brands business generated $535.4 million of revenue in the third quarter, an increase of 16% as compared to the prior year's third quarter, as the Company&#146;s wholesale businesses posted a 22% sales increase and the Company&#146;s retail comparable store sales grew 9% as compared to the prior year&#146;s third quarter.</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Earnings before interest and taxes for the Heritage Brands business was $67.9 million, an increase of 19% over the prior year&#146;s third quarter earnings before interest and taxes of $57.2 million. &nbsp;This increase was due principally to the revenue increase mentioned above, partially offset by an increase in advertising expenses for the IZOD and Van Heusen brands related to their Fall marketing campaigns.</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B>Third Quarter Consolidated Earnings:</B></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>On a non-GAAP basis, third quarter consolidated earnings before interest and taxes was $215.5 million, compared to the prior year&#146;s amount on a non-GAAP basis of $96.6 million. &nbsp;This $118.9 million improvement includes (i) the $91.3 million of earnings before interest and taxes associated with the Tommy Hilfiger business; (ii) a combined $29.5 million, or 26%, improvement in earnings before interest and taxes in the Calvin Klein and Heritage Brands businesses; and (iii) an offsetting $1.9 million increase in corporate expenses to support the Company&#146;s expanded global operations.</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>On a GAAP basis, third quarter consolidated earnings before interest and taxes was $178.3 million, an increase of $87.9 million compared to GAAP earnings before interest and taxes of $90.4 million in the prior year&#146;s third quarter. &nbsp;The increase includes (i) earnings before interest and taxes of $62.1 million in the third quarter in the Tommy Hilfiger business; (ii) a combined $35.6 million, or 33%, improvement in earnings before </P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt; page-break-before:always" align=justify>interest and taxes in the Calvin Klein and Heritage Brands businesses; and (iii) an offsetting $9.8 million increase in corporate expenses.</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Net interest expense for the quarter increased $33.1 million to $41.2 million due principally to the new debt issued in order to fund the Tommy Hilfiger acquisition. &nbsp;</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>The effective tax rate for the third quarter was 36.1% on a non-GAAP basis, and 41.1% on a GAAP basis. &nbsp;These rates were higher than previous guidance, as the Company&#146;s domestic operations, which are taxed at a higher rate than its international operations, generated a larger proportion of pre-tax income in the third quarter than anticipated. &nbsp;Also contributing to the increase in the tax rates over previous guidance was an increase in non-deductible expenses incurred in certain international jurisdictions.</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Earnings per share for the third quarter was negatively impacted by the effect of the shares of common and convertible preferred stock issued in connection with the Tommy Hilfiger acquisition. &nbsp;</P>
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<P style="line-height:18pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B>Nine Months Consolidated Results:</B></P>
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<P style="line-height:18pt; margin:0px; padding-left:24px; text-indent:-2px; font-family:Arial; font-size:12pt" align=justify>Earnings per share on a non-GAAP basis was $3.16 for the current year&#146;s nine months, as compared to $2.22 for the prior year&#146;s nine month period. &nbsp;</P>
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<P style="line-height:18pt; margin:0px; padding-left:24px; text-indent:-2px; font-family:Arial; font-size:12pt" align=justify>GAAP loss per share was $(0.03), as compared to the prior year&#146;s nine month period GAAP earnings per share of $2.58. </P>
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<P style="line-height:18pt; margin:0px; padding-left:24px; text-indent:-2px; font-family:Arial; font-size:12pt" align=justify>Revenue was $3,238.7 million, which represents an increase of $1,454.6 million over the prior year&#146;s amount of $1,784.1 million. &nbsp;The Tommy Hilfiger business contributed $1,240.6 million of this increase.</P>
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<P style="margin:0px; font-family:Arial; font-size:12pt"><B>Balance Sheet: </B></P>
<P style="line-height:20pt; margin:0px; font-family:Arial; font-size:12pt" align=justify>The Company ended the third quarter with a net debt position of approximately $2.0 billion, comprised of approximately $2.5 billion of debt net of almost $500 million of cash. &nbsp;The Company plans to make approximately $300 million of voluntary debt &nbsp;repayments on its outstanding term loans in the fourth quarter of 2010. &nbsp;</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt; page-break-before:always" align=justify><B>2010 Guidance:</B></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Please see the section entitled &#147;Full Year and Fourth Quarter 2010 Guidance Assumptions and Reconciliations of GAAP to Non-GAAP Amounts&#148; at the end of this release for further detail on certain assumptions that are made in the following guidance. &nbsp;Please note that as a result of the Company&#146;s issuance of common and preferred stock in connection with the acquisition of Tommy Hilfiger in the second quarter of 2010, the sum of the Company&#146;s quarterly earnings per share will not equal the respective year to date reported earnings per share. &nbsp;</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><U>Full Year Guidance</U></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Earnings per share in 2010 is currently projected to be in the range of $3.90 to $3.95 on a non-GAAP basis and $0.65 to $0.70 on a GAAP basis, which includes an increase in advertising expenditures of approximately $10 million over previous guidance. A substantial portion of this increased marketing spend has been invested in the Tommy Hilfiger and Calvin Klein holiday marketing campaigns. &nbsp;The non-GAAP earnings per share estimate excludes a loss of approximately $3.25 per share comprised of the after tax effect of approximately $322 million of acquisition and integration costs associated with the acquisition and integration of Tommy Hilfiger, offset in part by a tax benefit related to the lapse of the statute of limitations with respect to certain previously unrecognized tax positions. &nbsp;Non-GAAP earnings before interest and taxes for the Tommy Hilfiger business is estimated to be approximately 
$205 million (11% margin on revenue), which excludes acquisition and integration costs. &nbsp;GAAP earnings before interest and taxes for the Tommy Hilfiger business is estimated to be $102 million (approximately 5% margin on revenue). </P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Revenue in 2010 is currently projected to be approximately $4.61 billion, which includes approximately $1.915 billion to $1.925 billion of revenue attributable to the Tommy Hilfiger business from the date of acquisition. &nbsp;For the full year, the Company is currently projecting that Calvin Klein royalty revenue will increase approximately 12%. &nbsp;Combined sales for the Heritage Brands and Calvin Klein businesses are currently projected to grow approximately 12%. &nbsp;Retail comparable store sales for the Heritage </P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt; page-break-before:always" align=justify>Brands and Calvin Klein businesses are currently projected to grow approximately 8% to 9% on a combined basis.</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><U>Fourth Quarter Guidance</U></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>For the fourth quarter of 2010, earnings per share is currently projected to be in the range of $0.76 to $0.81 on a non-GAAP basis and $0.63 to $0.68 on a GAAP basis. &nbsp;The non-GAAP earnings per share estimate excludes a loss of approximately $0.13 per share related to the after tax effect of approximately $15 million of Tommy Hilfiger integration costs. &nbsp;It is currently estimated that the Tommy Hilfiger business will generate approximately $55 million of earnings before interest and taxes (8% margin on revenue) on a non-GAAP basis, in the fourth quarter. &nbsp;On a GAAP basis, it is currently estimated that the Tommy Hilfiger business will generate approximately $45 million of earnings before interest and taxes (approximately 7% margin on revenue) in the fourth quarter.</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Fourth quarter revenue is currently projected to be approximately $1.37 billion, which includes estimated revenue of the Tommy Hilfiger business of approximately $675 million to $685 million. &nbsp;For the fourth quarter, the Company is currently projecting that Calvin Klein royalty revenue will increase approximately 12%. &nbsp;Combined sales for the Heritage Brands and Calvin Klein businesses are currently projected to grow approximately 12%, reflecting strong wholesale orders for the quarter. &nbsp;Retail comparable store sales for the Heritage Brands and Calvin Klein businesses are currently projected to grow approximately 2% to 3% on a combined basis as compared to last year&#146;s very strong fourth quarter results.</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt; page-break-before:always" align=justify><B>CEO Comments:</B></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Commenting on these results, Emanuel Chirico, Chairman and Chief Executive Officer, noted, &#147;We are extremely pleased with our strong performance in the third quarter, which enabled us to again exceed our guidance. &nbsp;&nbsp;Positive business trends across our Heritage Brands and Calvin Klein businesses, as well as outperformance of the Tommy Hilfiger business, drove both revenues and earnings during the quarter. &nbsp;Both the Tommy Hilfiger and Calvin Klein international businesses performed particularly well. Additionally, our positive cash flow position will allow us to quickly delever our balance sheet, and we continue to plan a $300 million debt repayment in the fourth quarter of 2010, which is in addition to the $100 million repayment that we made in the second quarter.&#148;</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Mr. Chirico continued, &#147;The performance of the Tommy Hilfiger business over the last two quarters has reaffirmed our belief in the global strength of the brand along with its future growth potential. &nbsp;Operationally, the integration of Tommy Hilfiger operations in North America continued during the quarter and is well on schedule. &nbsp;We also recently announced the formation of PVH Europe, which will be managed from the Tommy Hilfiger offices in Amsterdam by a team of Tommy Hilfiger executives and dedicated staff, that will seek to exploit international opportunities for our heritage brands, starting with the international ARROW brand business.&#148;</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Mr. Chirico concluded, &#147;Our stellar performance has been, and we expect will continue to be, driven by the strength of our brands, which have benefited from our consistent investment in brand marketing and advertising. &nbsp;As we reach this holiday season, we are increasing our fourth quarter advertising spending this year by $10 million over our previous plan. &nbsp;We believe this continued investment in our brands along with the sound execution of our business strategies will benefit us through revenue and profitability growth in the future.&#148;</P>
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<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt; page-break-before:always" align=justify><B>Non-GAAP Exclusions: </B></P>
<P style="line-height:18pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=justify>The discussions in this release that refer to non-GAAP amounts exclude the following: </P>
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<P style="line-height:18pt; margin:0px; padding-left:48px; text-indent:-2px; font-family:Arial; font-size:11pt" align=justify>Costs incurred during 2009 in connection with restructuring initiatives implemented that year, including the shutdown of the Company&#146;s domestic production of machine-made neckwear, a realignment of the Company&#146;s global sourcing organization, reductions in warehousing capacity, lease termination fees for the majority of the Company&#146;s Calvin Klein specialty retail stores and other initiatives to reduce corporate and administrative expenses. &nbsp;The costs associated with these initiatives were $25.9 million in 2009, of which $4.7 million was incurred in the first quarter, $6.3 million was incurred in the second quarter, $6.2 million was incurred in the third quarter and $8.7 million was incurred in the fourth quarter.</P>
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<P style="line-height:18pt; margin:0px; padding-left:48px; text-indent:-2px; font-family:Arial; font-size:11pt" align=justify>Estimated pre-tax costs of approximately $322 million expected to be incurred in 2010 in connection with the acquisition and integration of Tommy Hilfiger, including the following:</P>
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<P style="line-height:18pt; margin:0px; padding-left:96px; text-indent:-2px; font-family:Arial; font-size:11pt" align=justify>a loss of $140.5 million associated with hedges against Euro to U.S. dollar exchange rates relating to the purchase price, of which $52.4 million was recorded in the first quarter and $88.1 million was recorded in the second quarter;</P>
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<P style="line-height:18pt; margin:0px; padding-left:96px; text-indent:-2px; font-family:Arial; font-size:11pt" align=justify>transaction, restructuring and debt extinguishment costs of approximately $105 million, of which $51.6 million was incurred in the first quarter, $24.6 million was incurred in the second quarter, $13.7 million was incurred in the third quarter and approximately $15 million is expected to be incurred in the fourth quarter; and</P>
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<P style="line-height:18pt; margin:0px; padding-left:96px; text-indent:-2px; font-family:Arial; font-size:11pt" align=justify>non-cash valuation amortization charges of approximately $76.8 million as a result of the Tommy Hilfiger acquisition, of which $53.3 million was incurred in the second quarter and the remainder of which was incurred in the third quarter. &nbsp;</P>
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<P style="line-height:18pt; margin:0px; padding-left:48px; text-indent:-2px; font-family:Arial; font-size:11pt" align=justify>Estimated tax effects associated with the above pre-tax costs, which are based on the Company&#146;s assessment of deductibility.<FONT style="font-family:Times New Roman"> </FONT>In making this assessment, the Company evaluated each item that it has recorded or expects to record as a restructuring, acquisition or integration cost to determine if such cost is tax deductible, and if so, in what jurisdiction the deduction would occur. All items above were identified as either primarily tax deductible in the United States, in which case the Company assumed a tax rate of 38.0%, or as non-deductible, in which case the Company assumed no tax benefit. The assumptions used were consistently applied for both GAAP and non-GAAP earnings amounts.</P>
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<P style="line-height:18pt; margin:0px; padding-left:48px; text-indent:-2px; font-family:Arial; font-size:11pt" align=justify>Tax benefits of approximately $7.9 million and $30.4 million in 2010 and 2009, respectively, (recorded in the third quarter of each year) related to the lapses of the statute of limitations with respect to certain previously unrecognized tax positions.</P>
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<P style="line-height:18pt; margin:0px; padding-left:6px; font-family:Arial; font-size:11pt" align=justify>Please see Tables 1 through 6 later in this release for reconciliations of GAAP to non-GAAP amounts.</P>
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<P style="margin:0px; padding-left:52px; padding-top:4px; padding-right:4px; padding-bottom:4px; font-family:Arial,Times New Roman; font-size:11pt; border:1px solid #000000">The Company webcasts its conference calls to review its earnings releases.<B> &nbsp;The Company&#146;s conference call to review its third quarter earnings release is scheduled for Friday, December 3, 2010 at 9:00 a.m. EST.</B> &nbsp;Please log on either to the Company&#146;s web site at<B> www.pvh.com</B> and go to the News Releases page under the Investor Relations tab or to www.companyboardroom.com to listen to the live webcast of the conference call. &nbsp;The webcast will be available for replay for one year after it is held, commencing approximately two hours after the live broadcast ends. &nbsp;Please log on to www.pvh.com or www.companyboardroom.com as described above to listen to the replay. &nbsp;In addition, an audio replay of the conference call is available for 48 hours starting approximately two hours after it is held. &nbs
p;The replay of the conference call can be accessed by calling (domestic) 888-203-1112 and (international) 719-457-0820 and using passcode #4574728. &nbsp;The conference call and webcast consist of copyrighted material. &nbsp;They may not be re-recorded, reproduced, re-transmitted, rebroadcast or otherwise used without the Company&#146;s express written permission. &nbsp;Your participation represents your consent to these terms and conditions, which are governed by New York law. </P>
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<P style="line-height:17pt; margin:0px; padding-left:52px; padding-top:4px; padding-right:4px; padding-bottom:4px; font-family:Arial; font-size:8pt; border:1px solid #000000">SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press release and made during the conference call / webcast, including, without limitation, statements relating to the Company&#146;s future revenue and earnings, plans, strategies, objectives, expectations and intentions, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, the following: (i)&nbsp;the Company&#146;s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Compan
y; (ii)&nbsp;in connection with the acquisition of Tommy Hilfiger B.V. and certain affiliated companies (collectively, &#147;Tommy Hilfiger&#148;), the Company borrowed significant amounts, may be considered to be highly leveraged, and will have to use a significant portion of its cash flows to service such indebtedness, as a result of which the Company might not have sufficient funds to operate its businesses in the manner it intends or has operated in the past; (iii)&nbsp;the levels of sales of the Company&#146;s apparel, footwear and related products, both to its wholesale customers and in its retail stores, the levels of sales of the Company&#146;s licensees at wholesale and retail, and the extent of discounts and promotional pricing in which the Company and its licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the re
tail industries, repositionings of brands by the Company&#146;s licensors and other factors; (iv)&nbsp;the Company&#146;s plans and results of operations will be affected by the Company&#146;s ability to manage its growth and inventory, including the Company&#146;s ability to continue to develop and grow the Calvin Klein businesses in terms of revenue and profitability, and its ability to realize benefits from Tommy Hilfiger; (v)&nbsp;the Company&#146;s operations and results could be affected by quota restrictions and the imposition of safeguard controls (which, among other things, could limit the Company&#146;s ability to produce products in cost-effective countries that have the labor and technical expertise needed), the availability and cost of raw materials, the Company&#146;s ability to adjust timely to changes in trade regulations and the migration and development of manufacturers (which can affect where the Company&#146;s products can best be produced), and civil conflict, war or terrorist acts, the 
threat of any of the foregoing, or political and labor instability in any of the countries where the Company&#146;s or its licensees&#146; or other business partners&#146; products are sold, produced or are planned to be sold or produced; (vi)&nbsp;disease epidemics and health related concerns, which could result in closed factories, reduced workforces, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas, as well as reduced consumer traffic and purchasing, as consumers limit or cease shopping in order to avoid exposure or become ill; (vii)&nbsp;acquisitions and issues arising with acquisitions and proposed transactions, including without limitation, the ability to integrate an acquired entity, such as Tommy Hilfiger, into the Company with no substantial adverse affect on the acquired entity&#146;s or the Company&#146;s existing operations, employee relationships, vendor relationships, customer relationships or financial performance; (viii)&nbsp;the failure of the Company&
#146;s licensees to market successfully licensed products or to preserve the value of the Company&#146;s brands, or their misuse of the Company&#146;s brands and (ix)&nbsp;other risks and uncertainties indicated from time to time in the Company&#146;s filings with the Securities and Exchange Commission. <BR>
<BR>
This press release includes, and the conference call / webcast will include, certain non-GAAP financial measures, as defined under SEC rules. &nbsp;A reconciliation of these measures is included in the financial information later in this release, as well as in the Company&#146;s Current Report on Form 8-K furnished to the SEC in connection with this earnings release, which is available on the Company&#146;s website at www.pvh.com and on the SEC&#146;s website at www.sec.gov. <BR>
<BR>
The Company does not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding revenue or earnings, whether as a result of the receipt of new information, future events or otherwise.</P>
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<P style="margin:0px; font-family:Arial" align=center>11</P>
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<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B><I>Consolidated GAAP Income Statements</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B><I>(In thousands, except per share data)</I></B></P>
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</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=265.2 /><TD width=102 /><TD width=36 /><TD width=90 /><TD width=24 /><TD width=96 /><TD width=18 /><TD width=90 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-top:1px solid #000000" valign=top width=493.2 colspan=4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=top width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000" valign=top width=204 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=228 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=204 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="line-height:6pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:6pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$1,388,674&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$603,616&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$2,930,801&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$1,536,771&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>94,133&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>70,600&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>227,098&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>182,089&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,612</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;23,224</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80,832</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,288</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Total revenue</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$1,516,419</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$697,440</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$3,238,731</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$1,784,148</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Gross profit on net sales</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;665,722&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$243,850&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$1,377,811&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;627,879&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Gross profit on royalty, advertising and other</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">&nbsp;&nbsp;revenue</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127,745</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;93,824</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307,930</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247,377</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Total gross profit</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>793,467&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>337,674&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,685,741&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>875,256&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Selling, general and administrative expenses</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>615,176&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>247,238&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,427,013&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>684,257&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Debt extinguishment costs</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>6,650&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Other loss</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140,490</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Earnings before interest and taxes</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>178,291&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>90,436&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>111,588&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>190,999&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Interest expense, net</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,225</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,133</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88,725</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,978</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Pre-tax income</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>137,066&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>82,303&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>22,863&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>167,021&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Income tax expense (benefit)</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,334</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,316</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,331</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,134</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Net income (loss)</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;80,732</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;83,619</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,468</U>)</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;134,887</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Diluted net income (loss) per common share<SUP>(1)</SUP></P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;<U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.58</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.03</U>)</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.58</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=102><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18><P style="line-height:6pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=90><P style="line-height:6pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=721.2 colspan=8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=721.2 colspan=8><P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>Supplemental information:</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=721.2 colspan=8><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=228 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=204 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Depreciation and amortization expense</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;51,370&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;12,493&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ 113,610&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;37,696&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=721.2 colspan=8><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
</TABLE>
<DIV style="width:720px"><P style="line-height:10pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Please see following pages for information related to non-GAAP measures discussed in this release.</P>
<P style="line-height:10pt; margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt"><SUP>(1)</SUP> Please see Note A to the Notes to Consolidated GAAP Income Statements for reconciliations of diluted net income (loss) per common share.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>12</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always"><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>Non-GAAP Measures</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B><I>(In thousands, except per share data)</I></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>The Company believes presenting its results excluding (i) the costs incurred in 2010 in connection with its acquisition and integration of Tommy Hilfiger; (ii) the costs incurred in 2009 in connection with its restructuring initiatives implemented that year; (iii) the tax effects associated with these costs incurred in 2010 and 2009; and (iv) the tax benefits in 2010 and 2009 related to the lapses of the statute of limitations with respect to certain previously unrecognized tax positions, which is on a non-GAAP basis for each year, provides useful additional information to investors.&nbsp;The Company believes that the exclusion of such amounts facilitates comparing current results against past and future results by eliminating amounts that it believes are not comparable between periods, thereby permitting management to evaluate performance and investors to make decisions based on the ongoing operations of 
the Company.&nbsp;The Company believes that investors often look at ongoing operations of an enterprise as a measure of assessing performance. The Company uses its results excluding these amounts to evaluate its operating performance and to discuss its business with investment institutions, the Company&#146;s Board of Directors and others.&nbsp;The Company&#146;s results excluding the costs associated with its acquisition and integration of Tommy Hilfiger and its restructuring initiatives are also the basis for certain incentive compensation calculations.</P>
<P style="line-height:10pt; margin:0px" align=justify><BR></P>
<P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>The following table presents the Company&#146;s GAAP revenue and the non-GAAP measures that are discussed in this release. &nbsp;Please see Tables 1 through 6 for reconciliations of the GAAP amounts to non-GAAP amounts.</P>
<P style="line-height:10pt; margin:0px" align=justify><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=265.2 /><TD width=99.733 /><TD width=42 /><TD width=84 /><TD width=24 /><TD width=96 /><TD width=20.267 /><TD width=90 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-top:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=top width=225.733 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=top width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000" valign=top width=206.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=225.733 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=206.267 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=99.733><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=20.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=99.733><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=20.267><P style="line-height:6pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:6pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">GAAP total revenue</P>
</TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$1,516,419</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$697,440</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$3,238,731</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$1,784,148</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=265.2><P style="line-height:14pt; margin:0px; font-family:Arial,Times New Roman" align=justify><B><I>Non-GAAP Measures</I></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Total gross profit<SUP>(1)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;800,290&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$337,592&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$1,730,244&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;876,897&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Selling, general and administrative expenses<SUP>(2)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>584,802&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>240,982&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,311,349&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>668,748&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Earnings before interest and taxes<SUP>(3)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>215,488&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>96,610&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>418,895&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>208,149&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Income tax expense<SUP>(4)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>62,928&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>31,441&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>122,397&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>68,236&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Net income<SUP>(5)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>111,335&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>57,036&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>207,773&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>115,935&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Diluted net income per common share<SUP>(6)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.55&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.08&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.16&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.22&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=99.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=20.267><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=265.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Depreciation and amortization<SUP>(7)</SUP></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=99.733><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;33,064&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=42><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;12,493&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;78,074&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=20.267><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;37,696&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=721.2 colspan=8><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=721.2 colspan=8><P style="line-height:12pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(1)</SUP></P>
<P style="line-height:12pt; margin:0px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt">Please see Table 3 for reconciliation of GAAP to non-GAAP gross profit.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=721.2 colspan=8><P style="line-height:12pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(2)</SUP></P>
<P style="line-height:12pt; margin:0px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt">Please see Table 4 for reconciliation of GAAP to non-GAAP selling, general and administrative expenses (&#147;SG&amp;A&#148;).</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=721.2 colspan=8><P style="line-height:12pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(3)</SUP></P>
<P style="line-height:12pt; margin:0px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt">Please see Table 2 for reconciliation of GAAP earnings before interest and taxes to non-GAAP earnings before interest and taxes.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=721.2 colspan=8><P style="line-height:12pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(4)</SUP></P>
<P style="line-height:12pt; margin:0px; padding-left:18px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt">Please see Table 5 for reconciliation of GAAP income tax expense (benefit) to non-GAAP income tax expense and an explanation of the calculation of the tax effects associated with restructuring, acquisition and integration costs.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=721.2 colspan=8><P style="line-height:12pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(5)</SUP></P>
<P style="line-height:12pt; margin:0px; padding-left:18px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt">Please see Table 1 for reconciliation of GAAP net income (loss) to non-GAAP net income.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=721.2 colspan=8><P style="line-height:12pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(6)</SUP></P>
<P style="line-height:12pt; margin:0px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt">Please see Note A to the Notes to Consolidated GAAP Income Statements for reconciliations of diluted net income (loss) per common share.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=721.2 colspan=8><P style="line-height:12pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(7)</SUP></P>
<P style="line-height:12pt; margin:0px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt">Please see Table 6 for reconciliation of GAAP depreciation and amortization to non-GAAP depreciation and amortization.</P>
</TD></TR>
</TABLE>
<DIV style="width:720px"><P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>13</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>Reconciliations of GAAP to Non-GAAP Amounts</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B><I>(In thousands, except per share data)</I></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=278.533 /><TD width=94.733 /><TD width=17.867 /><TD width=77 /><TD width=29.2 /><TD width=83 /><TD width=23.533 /><TD width=88.667 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-top:1px solid #000000; border-right:1px solid #000000" valign=top width=692.533 colspan=8><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Table 1 - Reconciliation of GAAP net income (loss) to non-GAAP net income</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=189.6 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=29.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=195.2 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=94.733><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=77><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=29.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=83><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=88.667><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=94.733><P style="line-height:9pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=17.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=77><P style="line-height:9pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=29.2><P style="line-height:9pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=83><P style="line-height:9pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=23.533><P style="line-height:9pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=88.667><P style="line-height:9pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Net income (loss)</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;80,732&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ 83,619&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;(1,468)</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$134,887&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=278.533><P style="line-height:11pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Diluted net income (loss) per common share<SUP>(1)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;1.58&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;(0.03)</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.58&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Items excluded from GAAP net income (loss):</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Non-cash valuation amortization related to Tommy Hilfiger acquisition (gross margin)</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>6,823&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>44,503&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Costs associated with restructuring initiatives announced in the fourth quarter of 2008 (gross margin)</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>(82)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,641&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">SG&amp;A expenses associated with Tommy Hilfiger acquisition and integration</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>30,374&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>115,664&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">SG&amp;A expenses associated with restructuring initiatives announced in the fourth quarter of 2008</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>6,256&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>15,509&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Debt extinguishment costs</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>6,650&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Losses on hedges against Euro to U.S. dollar exchange rates relating to Tommy Hilfiger purchase price</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>140,490&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=278.533><P style="line-height:11pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Tax effect on the items above<SUP>(2)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,340</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;(2,312)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>(90,132)</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>(5,657)</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Tax benefit related to lapses of statute of limitations with respect to previously unrecognized tax positions</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;(7,934</U>)&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;(30,445</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;(7,934</U>)&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;(30,445</U>)</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Non-GAAP net income</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$111,335&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ 57,036&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$207,773&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$115,935&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Non-GAAP diluted net income per common</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="line-height:11pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">share<SUP>(1)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=94.733><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.55&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=77><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;1.08&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:11pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.16&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=88.667><P style="line-height:11pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.22&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=278.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=94.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=77><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=29.2><P style="line-height:11pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=88.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=692.533 colspan=8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=692.533 colspan=8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=692.533 colspan=8><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(1)</SUP></P>
<P style="line-height:11pt; margin:0px; padding-left:18px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt">Please see Note A to the Notes to the Consolidated GAAP Income Statements for reconciliations of diluted net income (loss) per common share.</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=692.533 colspan=8><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(2)</SUP></P>
<P style="line-height:11pt; margin:0px; padding-left:18px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt">Please see Table 5 for an explanation of the calculation of the tax effects of the above items.</P>
</TD></TR>
</TABLE>
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<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px"><BR></P>
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<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px"><BR>
<BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>14</P>
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<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="line-height:12pt; margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>Reconciliations of GAAP to Non-GAAP Amounts </I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B><I>(In thousands)</I></B></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=277.733 /><TD width=94.6 /><TD width=17.867 /><TD width=76.867 /><TD width=29.133 /><TD width=83.333 /><TD width=23.533 /><TD width=89.333 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=692.4 colspan=8><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Table 2 - Reconciliation of GAAP earnings before interest and taxes to non-GAAP earnings before interest and taxes</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=189.333 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=29.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=196.2 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=94.6><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=76.867><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=29.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=83.333><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=89.333><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=94.6><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=17.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=76.867><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=29.133><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=83.333><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=23.533><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=89.333><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Earnings before interest and taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$178,291&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$90,436&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$111,588&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$190,999&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Items excluded from GAAP earnings before interest and taxes:</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="line-height:10pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Non-cash valuation amortization related to Tommy Hilfiger acquisition (gross margin)</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>6,823&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>44,503&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" vali
gn=bottom width=89.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="line-height:10pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Costs associated with restructuring initiatives announced in the fourth quarter of 2008 (gross margin)</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>(82)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="line-height:10pt; margin:0px; padding-left:6px; padding-right:12px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,641&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" vali
gn=bottom width=89.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="line-height:10pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">SG&amp;A expenses associated with Tommy Hilfiger acquisition and integration</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>30,374&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>115,664&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" vali
gn=bottom width=89.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="line-height:10pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">SG&amp;A expenses associated with restructuring initiatives announced in the fourth quarter of 2008</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>6,256&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>15,509&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" vali
gn=bottom width=89.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="line-height:10pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Debt extinguishment costs</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>6,650&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" vali
gn=bottom width=89.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="line-height:10pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Losses on hedges against Euro to U.S. dollar exchange rates relating to Tommy Hilfiger purchase price</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;140,490</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" vali
gn=bottom width=89.333><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Non-GAAP earnings before interest and taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=94.6><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$215,488&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=76.867><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$96,610&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$418,895&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=89.333><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$208,149&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=94.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=76.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=83.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=89.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=277.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=94.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=17.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.133><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=83.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=89.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:10pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=276 /><TD width=95.467 /><TD width=17.867 /><TD width=78.667 /><TD width=27.867 /><TD width=83 /><TD width=23.533 /><TD width=87.6 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=690 colspan=8><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Table 3 - Reconciliation of GAAP gross profit to non-GAAP gross profit</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=276><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=192 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=27.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=194.133 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=95.467><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78.667><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=27.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=83><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=87.6><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=95.467><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=17.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78.667><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=83><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=23.533><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=87.6><P style="line-height:10pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Gross profit</P>
</TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$793,467&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=78.667><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$337,674&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$1,685,741&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$875,256&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=78.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Items excluded from GAAP gross profit:</P>
</TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=78.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=78.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="line-height:10pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Non-cash valuation amortization related to Tommy Hilfiger acquisition</P>
</TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>6,823&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=78.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>44,503&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=78.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="line-height:10pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">Costs associated with restructuring initiatives announced in the fourth quarter of 2008</P>
</TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=78.667><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(82</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,641</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=78.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Non-GAAP gross profit</P>
</TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$800,290&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=78.667><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$337,592&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$1,730,244&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="line-height:10pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$876,897&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=276><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=95.467><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=17.867><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=78.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=87.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=276><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=95.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=17.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=78.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=27.867><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=83><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=87.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>15</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>Reconciliations of GAAP to Non-GAAP Amounts </I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B><I>(In thousands)</I></B></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=282 /><TD width=84 /><TD width=18 /><TD width=96 /><TD width=18 /><TD width=84 /><TD width=18 /><TD width=90 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=690 colspan=8><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Table 4 - Reconciliation of GAAP SG&amp;A to non-GAAP SG&amp;A</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=198 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=192 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=96><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=96><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">SG&amp;A</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$615,176&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$247,238&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$1,427,013&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$684,257&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Items excluded from GAAP SG&amp;A:</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="line-height:12pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">SG&amp;A expenses associated with Tommy Hilfiger acquisition and integration</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>(30,374)</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>(115,664)</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="line-height:12pt; margin:0px; padding-left:6px; font-family:Arial,Times New Roman; font-size:9pt">SG&amp;A expenses associated with restructuring initiatives announced in the fourth quarter of 2008</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,256</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;(15,509</U>)</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Non-GAAP SG&amp;A</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$584,802&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$240,982&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$1,311,349&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$668,748&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=bottom width=282><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="line-height:9pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:12pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=282 /><TD width=84 /><TD width=18 /><TD width=96 /><TD width=18 /><TD width=78 /><TD width=24 /><TD width=90 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=480 colspan=4><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Table 5 - Reconciliation of GAAP income tax expense (benefit) to non-GAAP income tax expense</U></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=192 colspan=3><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=198 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=192 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Income tax expense (benefit)</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;56,334&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;(1,316)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;24,331&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;32,134&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=282><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Items excluded from GAAP income tax expense (benefit):</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Income tax effect of 2010 acquisition and integration costs<SUP>(1)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>(1,340)&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>90,132&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Income tax effect of costs associated with restructuring initiatives announced in the fourth quarter of 2008<SUP>(1)</SUP></P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;&nbsp;2,312</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>5,657&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Tax benefit related to lapses of statute of limitations with respect to certain previously unrecognized tax positions</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,934</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;30,445</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,934</U>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;30,445</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Non-GAAP income tax expense</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;62,928&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;31,441&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$122,397&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;68,236&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=690 colspan=8><P style="line-height:12pt; margin-top:0px; margin-bottom:-2px; width:16.8px; font-family:Arial,Times New Roman; font-size:9pt; float:left"><SUP>(1)</SUP></P>
<P style="line-height:12pt; margin:0px; padding-left:16.8px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>The estimated tax effects of the Company&#146;s restructuring, acquisition and integration costs are based on the Company&#146;s assessment of deductibility.<FONT style="font-family:Times New Roman"> </FONT><FONT style="font-family:Arial">In making this assessment, the Company evaluated each item that it has recorded as a restructuring, acquisition or integration cost to determine if such cost is tax deductible, and if so, in what jurisdiction the deduction would occur. All of the Company&#146;s restructuring, acquisition or integration costs were identified as either primarily tax deductible in the United States, in which case the Company assumed a tax rate of 38.0%, or as non-deductible, in which case the Company assumed no tax benefit. The assumptions used were consistently applied for both GAAP and non-GAAP amounts. &nbsp;The income tax effect of 2010 acquisition 
and integration costs includes the impact of adjusting previous interim period estimates of full year acquisition and integration costs.</FONT></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=690 colspan=8><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=690 colspan=8><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px; font-family:Arial" align=center>16</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:Arial; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=justify><B><I>Reconciliations of GAAP to Non-GAAP Amounts </I></B></P>
<P style="margin:0px; font-family:Arial; font-size:12pt" align=justify><B><I>(In thousands)</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=282 /><TD width=84 /><TD width=18 /><TD width=96 /><TD width=18 /><TD width=78 /><TD width=24 /><TD width=90 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=690 colspan=8><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:8pt"><U>Table 6 - Reconciliation of GAAP depreciation and amortization to non-GAAP depreciation and amortization</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=198 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=192 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt" align=center><B><U>10/31/10</U></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt" align=center><B><U>11/1/09</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt">Depreciation and amortization</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial; font-size:9pt" align=right>$ &nbsp;51,370&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial; font-size:9pt" align=right>$12,493&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:9pt" align=right>$113,610&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial; font-size:9pt" align=right>$37,696&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt">Items excluded from GAAP depreciation and amortization:</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt">Depreciation and amortization related to Tommy Hilfiger acquisition (principally non-cash valuation amortization recorded in SG&amp;A)</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial; font-size:9pt" align=right><U>&nbsp;&nbsp;(18,306</U>)</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:9pt" align=right><U>&nbsp;&nbsp;(35,536</U>)</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="line-height:12pt; margin:0px; font-family:Arial; font-size:9pt">Non-GAAP depreciation and amortization</P>
</TD><TD style="margin-top:0px" valign=bottom width=84><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial; font-size:9pt" align=right>$ &nbsp;33,064&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=96><P style="line-height:12pt; margin:0px; padding-right:16.8px; font-family:Arial; font-size:9pt" align=right>$12,493&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=78><P style="line-height:12pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:9pt" align=right>$ &nbsp;78,074&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=90><P style="line-height:12pt; margin:0px; padding-right:10.8px; font-family:Arial; font-size:9pt" align=right>$37,696&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=282><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=96><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=bottom width=18><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>17</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:16pt"><U>Notes to Consolidated GAAP Income Statements:</U></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:24px; font-family:Arial,Times New Roman; font-size:9pt; float:left">A.</P>
<P style="margin:0px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>The Company computed its diluted net income (loss) per common share as follows:</P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt; clear:left" align=justify>(In thousands, except per share data)</P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=235.2 /><TD width=78 /><TD width=90 /><TD width=84 /><TD width=18 /><TD width=72 /><TD width=90 /><TD width=78 /></TR>
<TR><TD style="margin-top:0px" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=252 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=240 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Quarter Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=252 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>10/31/10</B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=240 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>11/1/09</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Results</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Results</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Under</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Non-GAAP</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Under</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Non-GAAP</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Adjustments</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Results</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Adjustments</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Results</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Net income</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ 80,732&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$(30,603)<SUP>(1)</SUP></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$111,335&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$83,619&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$26,583<SUP>(2)</SUP></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$57,036&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Weighted average common shares</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>66,140&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>66,140&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>51,670&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>51,670&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Weighted average dilutive securities</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,507&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,507&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,189&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,189&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Weighted average impact of assumed</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">&nbsp;&nbsp;convertible preferred stock conversion</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;4,189</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,189</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Total shares</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;71,836</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;71,836</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;52,859</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;52,859</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Diluted net income per</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">&nbsp;&nbsp;common share</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;1.12</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.55</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;1.58</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;1.08</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=72><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
</TABLE>
<DIV style="width:720px"><P style="margin:0px" align=justify><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=235.2 /><TD width=78 /><TD width=90 /><TD width=84 /><TD width=18 /><TD width=72 /><TD width=90 /><TD width=78 /></TR>
<TR><TD style="margin-top:0px" valign=top width=235.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=252 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=240 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=252 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>10/31/10</B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=240 colspan=3><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>11/1/09</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Results</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Results</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Under</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Non-GAAP</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Under</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Non-GAAP</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Adjustments</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Results</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Adjustments</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Results</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Net (loss) income</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$ &nbsp;&nbsp;&nbsp;(1,468)</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$(209,241)<SUP>(1)</SUP></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$207,773&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$134,887&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$18,952<SUP>(2)</SUP></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$115,935&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Less: Common stock dividends paid to </P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">&nbsp;&nbsp;holders of Series A convertible </P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">&nbsp;&nbsp;preferred&nbsp;stock</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(314</U>)</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(314</U>)&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Net (loss) income available to </P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">&nbsp;&nbsp;common stockholders </P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;(1,782</U>)</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$(209,555</U>)&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$207,773</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$134,887</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$18,952</U>&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$115,935</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Weighted average common shares</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>61,431&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>61,431&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>51,595&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>51,595&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Weighted average dilutive securities</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,511&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>1,511&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>717&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>717&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Weighted average impact of assumed</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">&nbsp;&nbsp;convertible preferred stock conversion</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,747</U>&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,747</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Total shares</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,431</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,258</U>&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,689</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52,312</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;52,312</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Diluted net (loss) income per</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">&nbsp;&nbsp;common share</P>
</TD><TD style="margin-top:0px" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.03</U>)</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.16</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=72><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.58</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=78><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.22</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=18><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=78><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<DIV style="width:720px"><P style="margin:0px; padding-left:18px; text-indent:-18px; font-family:Arial,Times New Roman; font-size:9pt" align=justify><SUP>&nbsp;</SUP></P>
<P style="margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:9pt; float:left"><SUP>(1)</SUP></P>
<P style="margin:0px; padding-left:18px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt" align=justify>Represents the impact on net income in the period ended October 31, 2010 from the elimination of (i) the costs incurred in connection with the Company&#146;s acquisition and integration of Tommy Hilfiger, including transaction, restructuring and debt extinguishment costs, non-cash valuation amortization charges and the effects of hedges against Euro to U.S. dollar exchange rates relating to the purchase price; and (ii) a tax benefit related to the lapse of the statute of limitations with respect to certain previously unrecognized tax positions. &nbsp;Please see Table 1 for a reconciliation of GAAP net income (loss) to non-GAAP net income.</P>
<P style="margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial; font-size:9pt; clear:left; float:left"><SUP>(2)</SUP></P>
<P style="margin:0px; padding-left:18px; text-indent:-2px; font-family:Arial; font-size:8pt" align=justify>Represents the impact on net income in the period ended November 1, 2009 from the elimination of (i) the costs incurred in that period in connection with the Company&#146;s restructuring initiatives implemented that year, including the shutdown of domestic production of machine-made neckwear, a realignment of the Company&#146;s global sourcing organization, reductions in warehousing capacity, lease termination fees for retail stores, and other initiatives to reduce corporate and administrative expenses; and (ii) a tax benefit related to the lapse of the statute of limitations with respect to certain previously unrecognized tax positions. &nbsp;Please see Table 1 for a reconciliation of GAAP net income (loss) to non-GAAP net income.</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px; font-family:Arial" align=center>18</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
</DIV><DIV style="width:672px"><P style="line-height:14pt; margin:0px; padding-left:18px; text-indent:-18px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>Consolidated Balance Sheets</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>(In thousands)</I></B></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=439.2 /><TD width=102 /><TD width=102 /></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=center><B>October 31,</B></P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=center><B>November 1,</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=center><B><U>2010</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=center><B><U>2009</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:12.25pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">ASSETS</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">Current Assets:</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; text-indent:24px; font-family:Arial,Times New Roman; font-size:11pt">Cash and Cash Equivalents</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right>$ &nbsp;&nbsp;491,437&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right>$ &nbsp;&nbsp;356,614</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; text-indent:24px; font-family:Arial,Times New Roman; font-size:11pt">Receivables</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right>559,010&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right>282,427</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; text-indent:24px; font-family:Arial,Times New Roman; font-size:11pt">Inventories</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right>687,114&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right>281,856</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; text-indent:24px; font-family:Arial,Times New Roman; font-size:11pt">Other Current Assets</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177,018</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,897</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; text-indent:53.333px; font-family:Arial,Times New Roman; font-size:11pt">Total Current Assets</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right>1,914,579&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right>957,794</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">Property, Plant and Equipment</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right>399,461&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right>172,115</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">Goodwill and Other Intangible Assets</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right>4,376,250&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right>1,147,751</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">Other Assets</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199,249</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,325</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>$6,889,539</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>$2,303,985</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">LIABILITIES AND STOCKHOLDERS&#146; EQUITY</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">Accounts Payable and Accrued Expenses</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right>$ &nbsp;&nbsp;855,958&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right>$ &nbsp;&nbsp;356,294</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">Other Liabilities</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right>1,094,507&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right>404,659</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">Long-Term Debt</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right>2,523,916&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right>399,580</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt">Stockholders&#146; Equity</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>&nbsp;&nbsp;2,415,158</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>&nbsp;&nbsp;1,143,452</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=439.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>$6,889,539</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=102><P style="line-height:13pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:11pt" align=right><U>$2,303,985</U></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>19</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
</DIV><DIV style="width:624px"><P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>Segment Data</I></B></P>
<P style="line-height:20pt; margin:0px" align=justify><BR></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><U>Segment Presentation</U></P>
<P style="line-height:20pt; margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>The acquisition of Tommy Hilfiger early in the second quarter of 2010 significantly impacted the way the Company manages and analyzes its operating results. &nbsp;Beginning with the second quarter, the Company changed the way it discusses its business segments and results. &nbsp;The Company now aggregates its segments into three main businesses: &nbsp;(i) Calvin Klein, which consists of the Calvin Klein Licensing segment (including the Company&#146;s Calvin Klein Collection unit, which the Company operates directly in support of the global licensing of the Calvin Klein brands) and the Other (Calvin Klein Apparel) segment, which is comprised of the Company&#146;s Calvin Klein dress furnishings, sportswear and outlet retail divisions; (ii) Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments; and (iii) Heritage Brands, which consists of the Heritage Br
and Wholesale Dress Furnishings, Heritage Brand Wholesale Sportswear and Heritage Brand Retail segments. </P>
<P style="line-height:20pt; margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
</DIV><DIV style="width:672px"><P style="margin:0px; font-family:Arial,Times New Roman" align=center>20</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
</DIV><DIV style="width:720px"><P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>Segment Data </I></B><FONT style="font-size:12pt"><B><I>(Continued)</I></B></FONT></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>(In thousands)</I></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B><U>REVENUE BY SEGMENT</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=409.2 /><TD width=96 /><TD width=36 /><TD width=90 /></TR>
<TR><TD style="margin-top:0px" valign=top width=409.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Quarter Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=409.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>10/31/10</B></P>
</TD><TD style="margin-top:0px" valign=top width=36><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>11/1/09</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Heritage Brand Wholesale Dress Furnishings</U></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>$ &nbsp;&nbsp;157,246&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>$146,499&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>1,526&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>1,411&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>159,296&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>148,325&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Heritage Brand Wholesale Sportswear</U></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>201,948&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>148,721&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>2,706&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>2,345&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>205,100&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>151,731&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Heritage Brand Retail</U></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>169,465&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>161,491&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>1,371&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>1,036&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>171,039&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>162,833&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=36><P style="line-height:8pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B><U>Total Heritage Brands</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Net sales</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>528,659&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>456,711&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Royalty revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>5,603&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>4,792&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Advertising and other revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,173</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,386</U></B><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Total</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>535,435&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>462,889&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Other (Calvin Klein Apparel)</U></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;157,927</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;134,617</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>157,927&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>134,617&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Calvin Klein Licensing</U></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>11,129&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>12,288&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>74,418&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>65,808&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,113</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,838</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>114,660&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>99,934&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B><U>Total Calvin Klein</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Net sales</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>169,056&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>146,905&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Royalty revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>74,418&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>65,808&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Advertising and other revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,113</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,838</U></B><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Total</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>272,587&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>234,551&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Tommy Hilfiger North America</U></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>298,282&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>3,931&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,548</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>303,761&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Tommy Hilfiger International</U></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>392,677&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>10,181&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,778</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>404,636&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B><U>Total Tommy Hilfiger</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Net sales</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>690,959&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Royalty revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>14,112&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Advertising and other revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,326</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Total</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>708,397&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B><U>Total Revenue</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Net sales</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>1,388,674&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>603,616&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Royalty revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>94,133&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>70,600&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Advertising and other revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,612</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;23,224</U></B><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Total </B></P>
</TD><TD style="margin-top:0px" valign=top width=96><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>$1,516,419</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>$697,440</U></B><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=409.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=36><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR>
<BR></P>
</DIV><DIV style="width:672px"><P style="margin:0px; font-family:Arial" align=center>21</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
</DIV><DIV style="width:720px"><P style="margin:0px; font-family:Arial; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=justify><B><I>Segment Data </I></B><FONT style="font-size:12pt"><B><I>(Continued)</I></B></FONT></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=justify><B><I>(In thousands)</I></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial; font-size:12pt" align=justify><B><U>EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT</U></B></P>
<P style="margin:0px" align=justify><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=235.067 /><TD width=75.533 /><TD width=90 /><TD width=84 /><TD width=15.733 /><TD width=75.533 /><TD width=85.333 /><TD width=72 /></TR>
<TR><TD style="margin-top:0px" valign=top width=235.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=249.533 colspan=3><P style="margin:0px; font-family:Arial; font-size:8pt" align=center><B>Quarter Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=232.867 colspan=3><P style="margin:0px; font-family:Arial; font-size:8pt" align=center><B>Quarter Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=249.533 colspan=3><P style="margin:0px; font-family:Arial; font-size:8pt" align=center><B>10/31/10</B></P>
</TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=232.867 colspan=3><P style="margin:0px; font-family:Arial; font-size:8pt" align=center><B>11/1/09</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B>Results</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B>Results</B></P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B>Under</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-13.2px; font-family:Arial; font-size:8pt" align=center><B>Non-GAAP</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B>Under</B></P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; padding-right:-13.2px; font-family:Arial; font-size:8pt" align=center><B>Non-GAAP</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B><U>Adjustments</U><SUP>(1)</SUP></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-13.2px; font-family:Arial; font-size:8pt" align=center><B><U>Results</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B><U>Adjustments</U><SUP>(2)</SUP></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; padding-right:-13.2px; font-family:Arial; font-size:8pt" align=center><B><U>Results</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Heritage Brand Wholesale Dress Furnishings</P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;29,861&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;&nbsp;29,861&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;25,224&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:8pt" align=right>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>$ 25,224&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Heritage Brand Wholesale Sportswear</P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right>21,919&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right>21,919&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>20,686&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:8pt" align=right>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>20,686&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Heritage Brand Retail</P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;16,108</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,108</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;11,312</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;11,312</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>Total Heritage Brands</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B>67,888&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B>67,888&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>57,222&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=85.333><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>57,222&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Other (Calvin Klein Apparel)</P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right>24,687&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right>24,687&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>5,649&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;&nbsp;&nbsp;(6,091)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>11,740&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Calvin Klein Licensing</P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;50,937</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,937</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;45,043</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;45,043</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>Total Calvin Klein</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B>75,624&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B>75,624&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>50,692&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:8pt" align=right><B>(6,091)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>56,783&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Tommy Hilfiger North America</P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right>20,197&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;(10,846)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right>31,043&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Tommy Hilfiger International</P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;41,870</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18,392</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60,262</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>Total Tommy Hilfiger</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B>62,067&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B>(29,238)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B>91,305&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Corporate</P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;(27,288</U>)</P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,959</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;(19,329</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;(17,478</U>)</P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(83</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;(17,395</U>)</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>Total earnings before interest</B></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>&nbsp;&nbsp;and taxes</B></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B><U>$178,291</U>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=top width=90><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B><U>$ &nbsp;&nbsp;&nbsp;&nbsp;(37,197</U>)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:2.2px; font-family:Arial; font-size:8pt" align=right><B><U>$ 215,488&nbsp;</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=75.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B><U>$ &nbsp;90,436</U>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=top width=85.333><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial; font-size:8pt" align=right><B><U>$ &nbsp;&nbsp;&nbsp;(6,174</U>)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=72><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B><U>$ 96,610</U>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.067><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=90><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=15.733><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=75.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=85.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=72><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<DIV style="width:720px"><P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(1)</SUP></P>
<P style="line-height:10pt; margin:0px; padding-left:18.267px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt" align=justify>Adjustments for the quarter ended October 31, 2010 represent the elimination of the costs incurred in connection with the Company&#146;s acquisition and integration of Tommy Hilfiger, principally including restructuring and non-cash valuation amortization charges.</P>
<P style="line-height:10pt; margin:0px; clear:left" align=justify><BR></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial; font-size:8pt; float:left"><SUP>(2)</SUP></P>
<P style="line-height:10pt; margin:0px; padding-left:18.267px; text-indent:-2px; font-family:Arial; font-size:8pt" align=justify>Adjustments for the quarter ended November 1, 2009 represent the elimination of the costs incurred in that quarter in connection with the Company&#146;s restructuring initiatives implemented in 2009, which in the quarter, principally related to lease termination fees for Calvin Klein specialty retail stores.</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
</DIV><DIV style="width:672px"><P style="margin:0px; font-family:Arial" align=center>22</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
</DIV><DIV style="width:720px"><P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>Segment Data </I></B><FONT style="font-size:12pt"><B><I>(Continued)</I></B></FONT></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt" align=justify><B><I>(In thousands)</I></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B><U>REVENUE BY SEGMENT</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=397.2 /><TD width=114 /><TD width=30 /><TD width=114 /></TR>
<TR><TD style="margin-top:0px" valign=top width=397.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Nine Months Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=30><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=397.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>10/31/10</B></P>
</TD><TD style="margin-top:0px" valign=top width=30><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>11/1/09</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Heritage Brand Wholesale Dress Furnishings</U></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392,345&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366,728&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>4,290&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>4,402&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,540</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,147</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>398,175&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>372,277&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Heritage Brand Wholesale Sportswear</U></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>425,823&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>361,659&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>7,807&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>7,780&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,344</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,487</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>434,974&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>370,926&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Heritage Brand Retail</U></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>476,080&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>446,534&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>3,739&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>3,368&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>480,446&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>450,535&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=30><P style="line-height:8pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B><U>Total Heritage Brands</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Net sales</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>1,294,248&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>1,174,921&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Royalty revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>15,836&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>15,550&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Advertising and other revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,511</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,267</U></B><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Total</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>1,313,595&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>1,193,738&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Other (Calvin Klein Apparel)</U></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400,373</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337,359</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>400,373&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>337,359&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Calvin Klein Licensing</U></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>25,784&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>24,491&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>186,445&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>166,539&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71,962</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,021</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>284,191&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>253,051&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=30><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B><U>Total Calvin Klein</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Net sales</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>426,157&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>361,850&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Royalty revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>186,445&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>166,539&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Advertising and other revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71,962</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,021</U></B><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Total</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>684,564&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>590,410&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Tommy Hilfiger North America</U></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>554,426&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>7,982&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,381</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>564,789&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><U>Tommy Hilfiger International</U></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Net sales</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>655,970&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Royalty revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>16,835&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Advertising and other revenue</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,978</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt">Total</P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right>675,783&nbsp;</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=30><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B><U>Total Tommy Hilfiger</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Net sales</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>1,210,396&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Royalty revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>24,817&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Advertising and other revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,359</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Total</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>1,240,572&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B><U>Total Revenue</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Net sales</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>2,930,801&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>1,536,771&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Royalty revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>227,098&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B>182,089&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Advertising and other revenue</B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80,832</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,288</U></B><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="line-height:10pt; margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><B>Total </B></P>
</TD><TD style="margin-top:0px" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,238,731</U></B><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=114><P style="line-height:10pt; margin:0px; padding-right:4.8px; font-family:Arial,Times New Roman; font-size:8pt" align=right><B><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,784,148</U></B><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=397.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=30><P style="line-height:6pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=114><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR>
<BR></P>
</DIV><DIV style="width:672px"><P style="margin:0px; font-family:Arial" align=center>23</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
</DIV><DIV style="width:720px"><P style="margin:0px; font-family:Arial; font-size:14pt; page-break-before:always" align=justify><B><I>PHILLIPS-VAN HEUSEN CORPORATION</I></B></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=justify><B><I>Segment Data </I></B><FONT style="font-size:12pt"><B><I>(Continued)</I></B></FONT></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=justify><B><I>(In thousands)</I></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial; font-size:12pt" align=justify><B><U>EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT</U></B></P>
<P style="margin:0px" align=justify><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=235.2 /><TD width=69.467 /><TD width=86.533 /><TD width=84 /><TD width=24 /><TD width=66 /><TD width=84 /><TD width=84 /></TR>
<TR><TD style="margin-top:0px" valign=top width=235.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=240 colspan=3><P style="margin:0px; font-family:Arial; font-size:8pt" align=center><B>Nine Months Ended</B></P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=234 colspan=3><P style="margin:0px; font-family:Arial; font-size:8pt" align=center><B>Nine Months Ended</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=240 colspan=3><P style="margin:0px; font-family:Arial; font-size:8pt" align=center><B>10/31/10</B></P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=234 colspan=3><P style="margin:0px; font-family:Arial; font-size:8pt" align=center><B>11/1/09</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B>Results</B></P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B>Results</B></P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B>Under</B></P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-13.2px; font-family:Arial; font-size:8pt" align=center><B>Non-GAAP</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B>Under</B></P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-13.2px; font-family:Arial; font-size:8pt" align=center><B>Non-GAAP</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B><U>Adjustments</U><SUP>(1)</SUP></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-13.2px; font-family:Arial; font-size:8pt" align=center><B><U>Results</U></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-7.2px; font-family:Arial; font-size:8pt" align=center><B><U>Adjustments</U><SUP>(2)</SUP></B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-13.2px; font-family:Arial; font-size:8pt" align=center><B><U>Results</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Heritage Brand Wholesale Dress Furnishings</P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;&nbsp;55,380&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;&nbsp;55,380&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-3.067px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;45,553&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(541)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;&nbsp;46,094&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Heritage Brand Wholesale Sportswear</P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>50,001&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right>50,001&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-3.067px; font-family:Arial; font-size:8pt" align=right>48,535&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>(701)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>49,236&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Heritage Brand Retail</P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,586</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;41,586</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-3.067px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;19,270</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,341</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,611</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>Total Heritage Brands</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>146,967&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right><B>146,967&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-3.067px; font-family:Arial; font-size:8pt" align=right><B>113,358&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>(3,583)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>116,941&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Other (Calvin Klein Apparel)</P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>53,058&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right>53,058&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-3.067px; font-family:Arial; font-size:8pt" align=right>14,204&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>(8,387)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>22,591&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Calvin Klein Licensing</P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;127,270</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;127,270</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-3.067px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;114,769</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;114,769</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>Total Calvin Klein</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>180,328&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right><B>180,328&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-3.067px; font-family:Arial; font-size:8pt" align=right><B>128,973&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>(8,387)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>137,360&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Tommy Hilfiger North America</P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>26,621&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right>$ &nbsp;&nbsp;(35,325)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right>61,946&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Tommy Hilfiger International</P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,237</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(57,768</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;86,005</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>Total Tommy Hilfiger</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>54,858&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=86.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B>(93,093)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right><B>147,951&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt">Corporate</P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;(270,565</U>)</P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;(214,214</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;(56,351</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-3.067px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;(51,332</U>)</P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,180</U>)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;&nbsp;(46,152</U>)</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>Total (loss) earnings before interest</B></P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt"><B>&nbsp;&nbsp;and taxes</B></P>
</TD><TD style="margin-top:0px" valign=top width=69.467><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B><U>$ 111,588</U>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=top width=86.533><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B><U>$ (307,307</U>)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; padding-right:-1.2px; font-family:Arial; font-size:8pt" align=right><B><U>$ 418,895</U>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="line-height:10pt; margin:0px; padding-right:-3.067px; font-family:Arial; font-size:8pt" align=right><B><U>$190,999</U>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B><U>$ &nbsp;&nbsp;&nbsp;&nbsp;(17,150</U>)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><B><U>$208,149</U>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=235.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=69.467><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=86.533><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=24><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=66><P style="line-height:10pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:8pt" align=right><U>&nbsp;</U></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
</TABLE>
<DIV style="width:720px"><P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial,Times New Roman; font-size:8pt; float:left"><SUP>(1)</SUP></P>
<P style="line-height:10pt; margin:0px; padding-left:18px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:8pt" align=justify>Adjustments for the nine months ended October 31, 2010 represent the elimination of the costs incurred in connection with the Company&#146;s acquisition and integration of Tommy Hilfiger, including transaction, restructuring and debt extinguishment costs, non-cash valuation amortization charges and the effects of hedges against Euro to U.S. dollar exchange rates relating to the purchase price.</P>
<P style="line-height:10pt; margin:0px; clear:left" align=justify><BR></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:18px; font-family:Arial; font-size:8pt; float:left"><SUP>(2)</SUP></P>
<P style="line-height:10pt; margin:0px; padding-left:18px; text-indent:-2px; font-family:Arial; font-size:8pt" align=justify>Adjustments for the nine months ended November 1, 2009 represent the elimination of the costs incurred in that period in connection with the Company&#146;s restructuring initiatives implemented in 2009, including the shutdown of domestic production of machine-made neckwear, a realignment of the Company&#146;s global sourcing organization, reductions in warehousing capacity, lease termination fees for retail stores, and other initiatives to reduce corporate and administrative expenses.</P>
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</DIV><DIV style="width:672px"><P style="margin:0px; font-family:Arial" align=center>24</P>
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</DIV><DIV style="width:720px"><P style="line-height:14pt; margin:0px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always" align=justify><B><I>Phillips-Van Heusen Corporation</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=justify><B>Full Year and Fourth Quarter 2010 Guidance Assumptions and Reconciliations of GAAP to Non-GAAP Amounts</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>The Company believes presenting its 2010 estimated results excluding (i) the costs expected to be incurred in connection with its acquisition and integration of Tommy Hilfiger; (ii) the estimated tax effects associated with these costs; and (iii) the tax benefit related to the lapse of the statute of limitations with respect to certain previously unrecognized tax positions, which is on a non-GAAP basis, provides useful additional information to investors. The Company believes that the exclusion of such amounts facilitates comparing current results against past and future results by eliminating amounts that it believes are not comparable between periods, thereby permitting management to evaluate performance and investors to make decisions based on the ongoing operations of the Company.&nbsp;The Company believes that investors often look at ongoing operations of an enterprise as a measure of assessing performance. The Company
 has provided the reconciliations set forth below to present its estimates on a GAAP basis and excluding these amounts.&nbsp;The Company uses its results excluding these amounts to evaluate its operating performance and to discuss its business with investment institutions, the Company&#146;s Board of Directors and others.&nbsp;The Company&#146;s earnings per share amounts excluding the costs associated with its acquisition and integration of Tommy Hilfiger are also the basis for certain incentive compensation calculations. &nbsp;The estimated tax effects associated with the above costs are based on the Company&#146;s assessment of deductibility. In making this assessment, the Company evaluated each item that it has recorded or expects to record as an acquisition or integration cost to determine if such cost is tax deductible, and if so, in what jurisdiction the deduction would occur. All items above were identified as either primarily tax deductible in the United States, in which case the Company assumed a t
ax rate of 38.0%, or as non-deductible, in which case the Company assumed no tax benefit. The assumptions used were consistently applied for both GAAP and non-GAAP earnings amounts.</P>
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<P style="margin:0px; font-family:Arial,Times New Roman" align=justify><B>(Dollar and share amounts in millions, except per share data and FX rates)</B></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=403 /><TD width=18 /><TD width=120 /><TD width=15.733 /><TD width=116.267 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center>Full Year</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center>Fourth Quarter</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>2010</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>2010</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>(Estimated)</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>(Estimated)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt"><B><U>Full Year and Fourth Quarter 2010 Guidance Assumptions</U></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">Net interest expense</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$128.0 - $130.0</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$ 39.3 - $ 41.3&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">Tax rate range &#150; GAAP</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>52.5% - 53.0%</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>35.5% - 36.5%&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">Adjustment for tax effects of acquisition and integration costs</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; text-indent:12px; font-family:Arial; font-size:9pt">and lapse of statute of limitations</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>(16.0)%</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>-%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">Tax rate range &#150; Non-GAAP</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>36.5% - 37.0%</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>35.5% - 36.5%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">Euro FX rate</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$ 1.30</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">Diluted shares outstanding </P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>67.4</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>72.4</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=673 colspan=5><P style="margin:0px; font-family:Arial; font-size:9pt"><B><U>2010 Acquisition and Integration Costs and Earnings Per Share Reconciliations</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">Acquisition and integration costs expected to be incurred &nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; text-indent:12px; font-family:Arial; font-size:9pt">(please see &#147;Non-GAAP Exclusions&#148; section for detail):</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; text-indent:36px; font-family:Arial; font-size:9pt">Pre-tax</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$ 322.0</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$ 15.0</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; text-indent:36px; font-family:Arial; font-size:9pt">Tax impacts (including lapse of statute of limitations)</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>&nbsp;&nbsp;&nbsp;(103.0)</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>&nbsp;&nbsp;&nbsp;&nbsp;(5.0)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; text-indent:36px; font-family:Arial; font-size:9pt">After tax</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$219.0</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$ 10.0</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">GAAP earnings per common share</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$0.65 - $0.70</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$ 0.63 - $ 0.68</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">Estimated per common share impact of after tax acquisition and</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; text-indent:12px; font-family:Arial; font-size:9pt">integration costs and the tax benefit related to the lapse of the </P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; text-indent:12px; font-family:Arial; font-size:9pt">statute of limitations</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$3.25</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$ 0.13</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; font-family:Arial; font-size:9pt">Earnings per common share excluding impact of acquisition and</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; text-indent:12px; font-family:Arial; font-size:9pt">integration costs and the tax benefit related to the lapse of the </P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=403><P style="margin:0px; text-indent:12px; font-family:Arial; font-size:9pt">statute of limitations</P>
</TD><TD style="margin-top:0px" valign=bottom width=18><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=120><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$3.90 - $3.95</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.267><P style="margin:0px; font-family:Arial; font-size:9pt" align=center>$ 0.76 - $ 0.81&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
</DIV><DIV style="width:672px"><P style="margin:0px; font-family:Arial" align=center>25</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
</DIV><DIV style="width:720px"><P style="margin:0px; font-family:Arial,Times New Roman; font-size:14pt; page-break-before:always" align=justify><B><I>Phillips-Van Heusen Corporation</I></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=justify><B>Full Year and Fourth Quarter 2010 Guidance Assumptions and Reconciliations of GAAP to Non-GAAP Amounts (continued)</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:18px; text-indent:-18px; font-family:Arial,Times New Roman; font-size:9pt" align=justify><B><U>Tommy Hilfiger Earnings Before Interest and Taxes Reconciliations</U></B></P>
<P style="margin:0px" align=justify><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=331.133 /><TD width=135.533 /><TD width=145.267 /><TD width=133.267 /></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=justify><U>Full Year 2010 (Estimated)</U></P>
</TD><TD style="margin-top:0px" valign=top width=414.067 colspan=3><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>(dollar amounts in millions)</P>
</TD><TD style="margin-top:0px" valign=top width=414.067 colspan=3><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=414.067 colspan=3><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=414.067 colspan=3><P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B>Tommy Hilfiger Business</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Adjustments </U></B><B><SUP>(1)</SUP></B></P>
</TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding-right:-13.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Non-GAAP</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="line-height:12pt; margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=133.267><P style="line-height:12pt; margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Revenue</P>
</TD><TD style="margin-top:0px" valign=top width=135.533><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$1,915.0 - $1,925.0</P>
</TD><TD style="margin-top:0px" valign=top width=145.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$ &nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px" valign=top width=133.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$1,915.0 - $1,925.0</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Earnings before interest and taxes</P>
</TD><TD style="margin-top:0px" valign=top width=135.533><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$102.0</P>
</TD><TD style="margin-top:0px" valign=top width=145.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$(103.0)</P>
</TD><TD style="margin-top:0px" valign=top width=133.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$205.0</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Earnings before interest and taxes as a % of revenue</P>
</TD><TD style="margin-top:0px" valign=top width=135.533><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>5%</P>
</TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>11%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt"><U>Fourth Quarter 2010 (Estimated)</U></P>
</TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>(dollar amounts in millions)</P>
</TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>GAAP</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Adjustments </U></B><B><SUP>(1)</SUP></B></P>
</TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding-right:-13.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center><B><U>Non-GAAP</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Revenue</P>
</TD><TD style="margin-top:0px" valign=top width=135.533><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$675.0 - $685.0</P>
</TD><TD style="margin-top:0px" valign=top width=145.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$ &nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px" valign=top width=133.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$675.0 - $685.0</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Earnings before interest and taxes</P>
</TD><TD style="margin-top:0px" valign=top width=135.533><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$45.0</P>
</TD><TD style="margin-top:0px" valign=top width=145.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$(10.0)</P>
</TD><TD style="margin-top:0px" valign=top width=133.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>$55.0</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="line-height:12pt; margin:0px; font-family:Arial,Times New Roman; font-size:9pt">Earnings before interest and taxes as a % of revenue</P>
</TD><TD style="margin-top:0px" valign=top width=135.533><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>7%</P>
</TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="line-height:12pt; margin:0px; padding-right:-7.2px; font-family:Arial,Times New Roman; font-size:9pt" align=center>8%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=135.533><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=145.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=133.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
</TABLE>
<DIV style="width:720px"><P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Arial,Times New Roman; font-size:9pt; float:left">(1)</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>Adjustments represent costs expected to be incurred in connection with the acquisition and integration of Tommy Hilfiger.</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt"><B><U>Reconciliation of 2010 EBITDA Estimate</U></B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt" align=justify>The Company's 2010 full year EBITDA estimate is $659.0 million to $666.0 million, excluding acquisition and integration costs. &nbsp;The Company presents EBITDA because, when considered in conjunction with related GAAP financial measures, the Company believes it is useful to investors since it (a) provides investors with a financial measure on which management bases financial, operational, compensation and planning decisions; and (b) is a measure that is important with respect to the Company&#146;s compliance with the covenants in its debt facilities. &nbsp;EBITDA is not a measure of financial performance under GAAP and should not be considered an alternative to, or equally or more meaningful than, net income as a measure of operating performance or cash flow as a measure of liquidity. &nbsp;EBITDA is not a measure determined in accordance with GAAP and thus is susceptible to varying interpretations and calculations. &nbsp;
As such, EBITDA, as calculated by the Company, may not be comparable to similarly titled measures used by other companies. EBITDA has limitations as an analytical tool, and it should not be considered in isolation from, or as a substitute for analysis of, financial information prepared in accordance with GAAP. Set forth below is the Company's reconciliation of net income to EBITDA of $662.5 million, excluding acquisition and integration costs, which is the midpoint of the range provided. It is not possible to provide a reconciliation for the entire range without unreasonable effort due to the number of elements which comprise EBITDA, including net income, income taxes, net interest expense and depreciation and amortization, each of which is subject to a range of estimates.</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=228 /><TD width=115.133 /><TD width=153.4 /><TD width=170.467 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=228><P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt">(Dollar amounts in millions)</P>
</TD><TD style="margin-top:0px" valign=bottom width=115.133><P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt" align=center>Estimated Results <U>under GAAP</U></P>
</TD><TD style="margin-top:0px" valign=bottom width=153.4><P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt" align=center>Estimated Acquisition and <U>Integration Costs</U></P>
</TD><TD style="margin-top:0px" valign=bottom width=170.467><P style="margin-top:5px; margin-bottom:5px; padding-left:-1px; font-family:Arial,Times New Roman; font-size:9pt" align=center>Estimated Results Excluding Acquisition and <U>Integration&nbsp;Costs</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=228><P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt">Net income</P>
</TD><TD style="margin-top:0px" valign=bottom width=115.133><P style="margin-top:5px; margin-bottom:5px; padding-right:11.067px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$45.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=153.4><P style="margin-top:5px; margin-bottom:5px; padding-right:20.467px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$(219.0)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=170.467><P style="margin-top:5px; margin-bottom:5px; padding-right:17.333px; font-family:Arial,Times New Roman; font-size:9pt" align=right>$264.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=228><P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt">Plus:</P>
</TD><TD style="margin-top:0px" valign=bottom width=115.133><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=153.4><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=170.467><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=228><P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt">Income tax expense</P>
</TD><TD style="margin-top:0px" valign=bottom width=115.133><P style="margin-top:5px; margin-bottom:5px; padding-right:11.067px; font-family:Arial,Times New Roman; font-size:9pt" align=right>51.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=153.4><P style="margin-top:5px; margin-bottom:5px; padding-right:20.467px; font-family:Arial,Times New Roman; font-size:9pt" align=right>(103.0)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=170.467><P style="margin-top:5px; margin-bottom:5px; padding-right:17.333px; font-family:Arial,Times New Roman; font-size:9pt" align=right>154.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=228><P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt">Interest expense, net</P>
</TD><TD style="margin-top:0px" valign=bottom width=115.133><P style="margin-top:5px; margin-bottom:5px; padding-right:11.067px; font-family:Arial,Times New Roman; font-size:9pt" align=right>129.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=153.4><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=170.467><P style="margin-top:5px; margin-bottom:5px; padding-right:17.333px; font-family:Arial,Times New Roman; font-size:9pt" align=right>129.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=228><P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt">Depreciation and amortization</P>
</TD><TD style="margin-top:0px" valign=bottom width=115.133><P style="margin-top:5px; margin-bottom:5px; padding-right:11.067px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;152.0</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=153.4><P style="margin-top:5px; margin-bottom:5px; padding-right:20.467px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37.0</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=170.467><P style="margin-top:5px; margin-bottom:5px; padding-right:17.333px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>&nbsp;&nbsp;115.0</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=228><P style="margin-top:5px; margin-bottom:5px; font-family:Arial,Times New Roman; font-size:9pt">EBITDA</P>
</TD><TD style="margin-top:0px" valign=bottom width=115.133><P style="margin-top:5px; margin-bottom:5px; padding-right:11.067px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$377.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=153.4><P style="margin-top:5px; margin-bottom:5px; padding-right:20.467px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$(285.0</U>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=170.467><P style="margin-top:5px; margin-bottom:5px; padding-right:17.333px; font-family:Arial,Times New Roman; font-size:9pt" align=right><U>$662.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
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</DIV><DIV style="width:672px"><P style="margin:0px; font-family:Arial,Times New Roman" align=center>26</P>
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