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SEGMENT DATA (Tables) | 6 Months Ended
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Aug. 04, 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 |  |  | Twenty-Six Weeks Ended |
(In millions) | 8/4/19 | (1) | 8/5/18 | (1) |  | 8/4/19 | (1) | 8/5/18 | (1)
Revenue – Tommy Hilfiger North America |  |  |  |  |  |  |  |  |
Net sales | $ | 390.1 |  |  | $ | 417.8 |  |  |  | $ | 737.9 |  |  | $ | 756.7 |  |
Royalty revenue | 18.1 |  |  | 14.5 |  |  |  | 36.8 |  |  | 32.9 |  |
Advertising and other revenue | 4.8 |  |  | 4.3 |  |  |  | 10.1 |  |  | 8.2 |  |
Total | 413.0 |  |  | 436.6 |  |  |  | 784.8 |  |  | 797.8 |  |
Revenue – Tommy Hilfiger International |  |  |  |  |  |  |  |  |
Net sales | 679.0 |  |  | 572.3 |  |  |  | 1,341.7 |  |  | 1,209.5 |  |
Royalty revenue | 12.4 |  |  | 13.0 |  |  |  | 25.6 |  |  | 25.0 |  |
Advertising and other revenue | 5.8 |  |  | 6.7 |  |  |  | 10.2 |  |  | 12.1 |  |
Total | 697.2 |  |  | 592.0 |  |  |  | 1,377.5 |  |  | 1,246.6 |  |
Revenue – Calvin Klein North America |  |  |  |  |  |  |  |  |
Net sales | 366.1 |  |  | 425.0 |  |  |  | 744.5 |  |  | 792.3 |  |
Royalty revenue | 31.5 |  |  | 32.0 |  |  |  | 64.9 |  |  | 66.0 |  |
Advertising and other revenue | 11.2 |  |  | 10.5 |  |  |  | 23.4 |  |  | 23.7 |  |
Total | 408.8 |  |  | 467.5 |  |  |  | 832.8 |  |  | 882.0 |  |
Revenue – Calvin Klein International |  |  |  |  |  |  |  |  |
Net sales | 440.4 |  |  | 435.3 |  |  |  | 881.5 |  |  | 884.1 |  |
Royalty revenue | 17.9 |  |  | 16.0 |  |  |  | 35.8 |  |  | 34.5 |  |
Advertising and other revenue | 6.2 |  |  | 6.3 |  |  |  | 12.8 |  |  | 14.5 |  |
Total | 464.5 |  |  | 457.6 |  |  |  | 930.1 |  |  | 933.1 |  |
Revenue – Heritage Brands Wholesale |  |  |  |  |  |  |  |  |
Net sales | 304.4 |  |  | 302.0 |  |  |  | 654.7 |  |  | 642.8 |  |
Royalty revenue | 5.0 |  |  | 5.0 |  |  |  | 10.1 |  |  | 10.4 |  |
Advertising and other revenue | 1.2 |  |  | 1.1 |  |  |  | 2.2 |  |  | 2.0 |  |
Total | 310.6 |  |  | 308.1 |  |  |  | 667.0 |  |  | 655.2 |  |
Revenue – Heritage Brands Retail |  |  |  |  |  |  |  |  |
Net sales | 69.0 |  |  | 70.8 |  |  |  | 126.0 |  |  | 131.3 |  |
Royalty revenue | 0.9 |  |  | 1.0 |  |  |  | 2.0 |  |  | 2.1 |  |
Advertising and other revenue | 0.2 |  |  | 0.1 |  |  |  | 0.3 |  |  | 0.2 |  |
Total | 70.1 |  |  | 71.9 |  |  |  | 128.3 |  |  | 133.6 |  |
Total Revenue |  |  |  |  |  |  |  |  |
Net sales | 2,249.0 |  |  | 2,223.2 |  |  |  | 4,486.3 |  |  | 4,416.7 |  |
Royalty revenue | 85.8 |  |  | 81.5 |  |  |  | 175.2 |  |  | 170.9 |  |
Advertising and other revenue | 29.4 |  |  | 29.0 |  |  |  | 59.0 |  |  | 60.7 |  |
Total | $ | 2,364.2 |  |  | $ | 2,333.7 |  |  |  | $ | 4,720.5 |  |  | $ | 4,648.3 |  |
(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 |  | Twenty-Six Weeks Ended
(In millions) | 8/4/19 |  | 8/5/18 |  | 8/4/19 |  | 8/5/18
Wholesale net sales | $ | 1,137.8 |  |  | $ | 1,130.5 |  |  | $ | 2,498.5 |  |  | $ | 2,414.6 |
Retail net sales | 1,111.2 |  |  | 1,092.7 |  |  | 1,987.8 |  |  | 2,002.1 |
Net sales | 2,249.0 |  |  | 2,223.2 |  |  | 4,486.3 |  |  | 4,416.7 |
Royalty revenue | 85.8 |  |  | 81.5 |  |  | 175.2 |  |  | 170.9 |
Advertising and other revenue | 29.4 |  |  | 29.0 |  |  | 59.0 |  |  | 60.7 |
Total | $ | 2,364.2 |  |  | $ | 2,333.7 |  |  | $ | 4,720.5 |  |  | $ | 4,648.3 |
The Company’s income before interest and taxes by segment was as follows:
| Thirteen Weeks Ended |  |  | Twenty-Six Weeks Ended |
(In millions) | 8/4/19 | (1) |  | 8/5/18 | (1) |  | 8/4/19 | (1) |  | 8/5/18 | (1)
Income before interest and taxes – Tommy Hilfiger North America | $ | 48.3 |  | (3) |  | $ | 74.2 |  |  |  | $ | 33.6 |  | (3)(8) |  | $ | 115.0 |  |
Income before interest and taxes – Tommy Hilfiger International | 99.8 |  | (4) |  | 59.8 |  | (10) |  | 206.6 |  | (4) |  | 151.0 |  | (10)
Income before interest and taxes – Calvin Klein North America | 11.3 |  | (3)(6) |  | 59.8 |  |  |  | 12.7 |  | (3)(7) |  | 103.3 |  |
Income before interest and taxes – Calvin Klein International | 6.6 |  | (3)(4)(6) |  | 45.2 |  |  |  | 53.5 |  | (3)(4)(7) |  | 110.3 |  |
Income before interest and taxes – Heritage Brands Wholesale | 14.0 |  | (4) |  | 26.5 |  |  |  | 53.0 |  | (4) |  | 66.3 |  |
Income before interest and taxes – Heritage Brands Retail | 3.1 |  |  |  | 6.1 |  |  |  | 4.1 |  |  |  | 7.9 |  |
Income (loss) before interest and taxes – Corporate (2) | 66.7 |  | (4)(5) |  | (40.2 | ) |  |  | 21.4 |  | (4)(5)(9) |  | (78.1 | ) |
Income before interest and taxes | $ | 249.8 |  |  |  | $ | 231.4 |  |  |  | $ | 384.9 |  |  |  | $ | 475.7 |  |
(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 (prior to the Australia acquisition closing) and Karl Lagerfeld Holding B.V., and the results of PVH Ethiopia. Please see Note 4, “Acquisitions,” for further discussion. 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) | Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included costs of $59.8 million in connection with agreements the Company entered into in the second quarter of 2019 to terminate early the licenses for the global Calvin Klein and Tommy Hilfiger North America socks and hosiery businesses in conjunction with the Company’s plan to consolidate the socks and hosiery business for all Company brands in North America in a newly formed joint venture, which is expected to begin operations in December 2019, and to bring in-house the international Calvin Klein socks and hosiery business. Such costs were included in the Company’s segments as follows: $7.5 million in Tommy Hilfiger North America, $25.5 million in Calvin Klein North America and $26.8 million in Calvin Klein International.
(4) | Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included costs of $4.8 million in connection with the Australia and TH CSAP acquisitions, primarily consisting of noncash valuation adjustments, and
one-time costs of $2.1 million recorded on the Company’s equity investments in Gazal and PVH Australia prior to the Australia acquisition closing. Such costs were included in the Company’s segments as follows: $2.5 million in Tommy Hilfiger International, $1.5 million in Calvin Klein International, $0.4 million in Heritage Wholesale and $2.5 million in corporate expenses not allocated to any reportable segments. Please see Note 4, “Acquisitions,” for further discussion.
(5) | Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included a noncash gain of $113.1 million to write up the Company’s equity investments in Gazal and PVH Australia to fair value in connection with the Australia acquisition. Please see Note 4, “Acquisitions,” for further discussion.
(6) | Income before interest and taxes for the thirteen weeks ended August 4, 2019 included costs of $29.1 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $14.2 million in Calvin Klein North America and $14.9 million in Calvin Klein International. Please see Note 17, “Exit Activity Costs,” for further discussion.
(7) | Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $99.4 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $65.1 million in Calvin Klein North America and $34.3 million in Calvin Klein International. Please see Note 17, “Exit Activity Costs,” for further discussion.
(8) | Income before interest and taxes for the twenty-six weeks ended August 4, 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.
(9) | Income before interest and taxes for the twenty-six weeks ended August 4, 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.
(10) | Income before interest and taxes for the thirteen and twenty-six weeks ended August 5, 2018 included costs of $6.7 million and $13.6 million, respectively, 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.

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- 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
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- 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
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