XML 58 R46.htm IDEA: XBRL DOCUMENT
v3.19.2

SEGMENT DATA (Tables) | 3 Months Ended
--- | ---
May 05, 2019
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The Company’s revenue by segment was as follows:
| Thirteen Weeks Ended |
(In millions) | 5/5/19 | (1) | 5/6/18 | (1)
Revenue – Tommy Hilfiger North America |  |  |  |
Net sales | $ | 347.8 |  |  | $ | 338.9 |  |
Royalty revenue | 18.7 |  |  | 18.4 |  |
Advertising and other revenue | 5.3 |  |  | 3.9 |  |
Total | 371.8 |  |  | 361.2 |  |
Revenue – Tommy Hilfiger International |  |  |  |
Net sales | 662.7 |  |  | 637.2 |  |
Royalty revenue | 13.2 |  |  | 12.0 |  |
Advertising and other revenue | 4.4 |  |  | 5.4 |  |
Total | 680.3 |  |  | 654.6 |  |
Revenue – Calvin Klein North America |  |  |  |
Net sales | 378.4 |  |  | 367.3 |  |
Royalty revenue | 33.4 |  |  | 34.0 |  |
Advertising and other revenue | 12.2 |  |  | 13.2 |  |
Total | 424.0 |  |  | 414.5 |  |
Revenue – Calvin Klein International |  |  |  |
Net sales | 441.1 |  |  | 448.8 |  |
Royalty revenue | 17.9 |  |  | 18.5 |  |
Advertising and other revenue | 6.6 |  |  | 8.2 |  |
Total | 465.6 |  |  | 475.5 |  |
Revenue – Heritage Brands Wholesale |  |  |  |
Net sales | 350.3 |  |  | 340.8 |  |
Royalty revenue | 5.1 |  |  | 5.4 |  |
Advertising and other revenue | 1.0 |  |  | 0.9 |  |
Total | 356.4 |  |  | 347.1 |  |
Revenue – Heritage Brands Retail |  |  |  |
Net sales | 57.0 |  |  | 60.5 |  |
Royalty revenue | 1.1 |  |  | 1.1 |  |
Advertising and other revenue | 0.1 |  |  | 0.1 |  |
Total | 58.2 |  |  | 61.7 |  |
Total Revenue |  |  |  |
Net sales | 2,237.3 |  |  | 2,193.5 |  |
Royalty revenue | 89.4 |  |  | 89.4 |  |
Advertising and other revenue | 29.6 |  |  | 31.7 |  |
Total | $ | 2,356.3 |  |  | $ | 2,314.6 |  |
(1) | Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
The Company’s revenue by distribution channel was as follows:
| Thirteen Weeks Ended
(In millions) | 5/5/19 |  | 5/6/18
Wholesale net sales | $ | 1,360.7 |  |  | $ | 1,284.1 |
Retail net sales | 876.6 |  |  | 909.4 |
Net sales | 2,237.3 |  |  | 2,193.5 |
Royalty revenue | 89.4 |  |  | 89.4 |
Advertising and other revenue | 29.6 |  |  | 31.7 |
Total | $ | 2,356.3 |  |  | $ | 2,314.6 |
The Company’s income before interest and taxes by segment was as follows:
| Thirteen Weeks Ended |
(In millions) | 5/5/19 | (1) |  | 5/6/18 | (1)
(Loss) income before interest and taxes – Tommy Hilfiger North America | $ | (14.7 | ) | (3) |  | $ | 40.8 |  |
Income before interest and taxes – Tommy Hilfiger International | 106.8 |  |  |  | 91.2 |  | (6)
Income before interest and taxes – Calvin Klein North America | 1.4 |  | (4) |  | 43.5 |  |
Income before interest and taxes – Calvin Klein International | 46.9 |  | (4) |  | 65.1 |  |
Income before interest and taxes – Heritage Brands Wholesale | 39.0 |  |  |  | 39.8 |  |
Income before interest and taxes – Heritage Brands Retail | 1.0 |  |  |  | 1.8 |  |
Loss before interest and taxes – Corporate (2) | (45.3 | ) | (5) |  | (37.9 | ) |
Income before interest and taxes | $ | 135.1 |  |  |  | $ | 244.3 |  |
(1) | Income (loss) before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
(2) | Includes corporate expenses not allocated to any reportable segments, the Company’s proportionate share of the net income or loss of its investments in Gazal Corporation Limited (“Gazal”) and Karl Lagerfeld Holding B.V., and the results of PVH Ethiopia. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure, certain digital investments, actuarial gains and losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans (which are generally recorded in the fourth quarter) and gains and losses from changes in the fair value of foreign currency option contracts.
(3) | Loss before interest and taxes for the thirteen weeks ended May 5, 2019 included costs of $54.9 million incurred in connection with the TH U.S. store closures, primarily consisting of noncash lease asset impairments. Please see Note 12, “Fair Value Measurements,” for further discussion.
(4) | Income before interest and taxes for the thirteen weeks ended May 5, 2019 included costs of $70.3 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $50.9 million in Calvin Klein North America and $19.4 million in Calvin Klein International. Please see Note 17, “Exit Activity Costs,” for further discussion.
(5) | Loss before interest and taxes for the thirteen weeks ended May 5, 2019 included costs of $6.2 million related to the refinancing of the Company’s senior credit facilities. Please see Note 9, “Debt,” for further discussion.
(6) | Income before interest and taxes for the thirteen weeks ended May 6, 2018 included costs of $6.9 million associated with the acquisition of the 55% ownership interests in TH Asia, Ltd., the Company’s former joint venture for TOMMY HILFIGER in China, that the Company did not already own, consisting of noncash amortization of short-lived assets.
Intersegment transactions primarily consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment, the Tommy Hilfiger North America segment and the Calvin Klein North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage on ending inventory is eliminated principally in the Heritage Brands Retail segment, the Tommy Hilfiger North America segment and the Calvin Klein North America segment.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration