XML 27 R12.htm IDEA: XBRL DOCUMENT
v3.19.1

Fair Value Measurements | 12 Months Ended
--- | ---
Feb. 02, 2019
Fair Value Disclosures [Abstract] |
Fair Value Measurements | 4. Fair Value Measurements ASC 820, Fair Value Measurement Disclosures (“ASC 820”), defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and expands disclosures about fair value measurements. Fair value is defined under ASC 820 as the exit price associated with the sale of an asset or transfer of a liability in an orderly transaction between market participants at the measurement date. Financial Instruments Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. In addition, ASC 820 establishes this three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include:
• | Level 1 — Quoted prices in active markets.
• | Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly.
• | Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
In accordance with ASC 820, the following tables represent the fair value hierarchy for the Company’s financial assets (Cash, cash equivalents and short-term investments) measured at fair value on a recurring basis as of February 2, 2019 and February 3, 2018:
| Fair Value Measurements at February 2, 2019 |
(In thousands) | Carrying Amount |  |  | Quoted Market Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Cash and cash equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash | $ | 108,216 |  |  | $ | 108,216 |  |  |  | — |  |  |  | — |
Interest bearing deposits |  | 165,274 |  |  |  | 165,274 |  |  |  | — |  |  |  | — |
Commercial paper |  | 59,840 |  |  |  | 59,840 |  |  |  | — |  |  |  | — |
Total cash and cash equivalents | $ | 333,330 |  |  |  | 333,330 |  |  |  | — |  |  |  | — |
Short-term investments (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposits |  | 70,000 |  |  |  | 70,000 |  |  |  | — |  |  |  | — |
Commercial paper |  | 22,135 |  |  |  | 22,135 |  |  |  | — |  |  |  | — |
Total short-term investments |  | 92,135 |  |  |  | 92,135 |  |  |  | — |  |  |  | — |
Total | $ | 425,465 |  |  | $ | 425,465 |  |  |  | — |  |  |  | — |
(1) Please see Note 2 to the Consolidated Financial Statements for a description of what we consider cash-equivalents and short-term investments. |  |  |  |  |  |  |
| Fair Value Measurements at February 3, 2018 |
(In thousands) | Carrying Amount |  |  | Quoted Market Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Cash and cash equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash | $ | 184,107 |  |  | $ | 184,107 |  |  | $ | — |  |  | $ | — |
Interest bearing deposits |  | 174,577 |  |  |  | 174,577 |  |  |  | — |  |  |  | — |
Commercial paper |  | 54,929 |  |  |  | 54,929 |  |  |  | — |  |  |  | — |
Total cash and cash equivalents | $ | 413,613 |  |  | $ | 413,613 |  |  | $ | — |  |  | $ | — |
Non-Financial Assets The Company’s non-financial assets, which include intangible assets and property and equipment, are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur and the Company is required to evaluate the non-financial instrument for impairment, a resulting asset impairment would require that the non-financial asset be recorded at the estimated fair value. During Fiscal 2016, the Company concluded the goodwill was impaired for the Hong Kong and China businesses, resulting in a $2.5 million charge included within impairment and restructuring charges in the Consolidated Statements of Operations as a result of the performance of those businesses and the Company’s exploration of alternatives, including the licensing of these markets to third-party operators. All other goodwill for the Company was not impaired as a result of the annual goodwill impairment test. Certain long-lived assets were measured at fair value on a nonrecurring basis using Level 3 inputs as defined in ASC 820. During Fiscal 2018, the Company recorded immaterial asset impairment charges. During Fiscal 2017, the Company recorded no asset impairment charges. During Fiscal 2016, certain long-lived assets related to the Company’s retail stores, goodwill and corporate assets were determined to be unable to recover their respective carrying values and were written down to their fair value, resulting in a loss of $20.6 million, which is recorded within impairment and restructuring charges within the Consolidated Statements of Operations. The fair value of the impaired assets after the recorded loss is an immaterial amount. The fair value of the Company’s stores was determined by estimating the amount and timing of net future cash flows and discounting them using a risk-adjusted rate of interest. The Company estimates future cash flows based on its experience and knowledge of the market in which the store is located.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration