<SEC-DOCUMENT>0001144204-11-015223.txt : 20110316
<SEC-HEADER>0001144204-11-015223.hdr.sgml : 20110316
<ACCEPTANCE-DATETIME>20110316160756
ACCESSION NUMBER:		0001144204-11-015223
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110316
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110316
DATE AS OF CHANGE:		20110316

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUESS INC
		CENTRAL INDEX KEY:			0000912463
		STANDARD INDUSTRIAL CLASSIFICATION:	WOMEN'S, MISSES', CHILDREN'S & INFANTS' UNDERGARMENTS [2340]
		IRS NUMBER:				953679695
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0203

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11893
		FILM NUMBER:		11691950

	BUSINESS ADDRESS:	
		STREET 1:		ATTN:  JASON MILLER
		STREET 2:		1444 SOUTH ALAMEDA STREET
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90021
		BUSINESS PHONE:		(213) 765-3100

	MAIL ADDRESS:	
		STREET 1:		ATTN:  JASON MILLER
		STREET 2:		1444 SOUTH ALAMEDA STREET
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90021

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GUESS INC ET AL/CA/
		DATE OF NAME CHANGE:	19940902
</SEC-HEADER>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 20pt; FONT-FAMILY: Times New Roman">GUESS?, INC.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1444 S. Alameda Street Los Angeles, California 90021</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 2.02. Results of Operations and Financial Condition.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Guess?, Inc. (the &#8220;Company&#8221;) issued a press release on March 16, 2011 announcing its financial results for the quarter and year ended January 29, 2011. A copy of the press release is being furnished as Exhibit 99.1 attached hereto.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The information in this Item 2.02 of Form 8-K is being furnished hereby and shall not be deemed to be &#8220;filed&#8221; for the purposes of Section 18 of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.</font></div>

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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press Release of Guess?, Inc. dated March 16, 2011 (financial results for the quarter and year ended January 29, 2011)</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, Guess?, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>

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<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Dated:&#160;&#160;&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">March 16, 2011</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press Release of Guess?, Inc. dated March 16, 2011 (financial results for the quarter and year ended January 29, 2011)</font></font></div>
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<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Q4 EPS Increased 19% to $1.11 Compared to $0.93 Last Year</font></div>

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<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Fiscal Year 2011 EPS Increased 19% to $3.11 Compared to $2.61 Last Year</font></div>

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<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Increases Share Repurchase Authorization to $250 Million</font></div>

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<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Provides Q1 Fiscal Year 2012 EPS Guidance in the Range of $0.41 to $0.44</font></div>

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<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Provides Fiscal Year 2012 EPS Guidance in the Range of $3.30 to $3.50</font></div>

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</div><div style="width:100%;margin-left:10pt;"><div style="margin:0;margin-top:16pt;"><p>LOS ANGELES, March 16, 2011 /PRNewswire/ -- Guess?, Inc. (NYSE: GES) today reported financial results for the fourth quarter and fiscal year ended January 29, 2011.</p><p><u><b>Fourth Quarter Fiscal 2011 Highlights</b></u></p><ul type="disc"><li><b>Global revenue increased 18% to a record of $757 million</b></li><li><b>Operating earnings increased 20%; operating margin improved from 18.8% to 19.1%</b></li><li><b>European revenue increased 43% in local currency and 32% in US dollars</b></li><li><b>Asian revenue increased 23%</b></li><li><b>North American revenue increased 8%; retail comp sales declined 1.1%</b></li></ul>
<br /><p><u><b>Fiscal Year 2011 Highlights</b></u></p><ul type="disc"><li><b>Global revenue increased 17% to a record of $2.5 billion</b></li><li><b>Operating earnings increased 13%; operating margin decreased from 16.9% to 16.3%</b></li><li><b>European revenue increased 31% in local currency and 23% in US dollars</b></li><li><b>Asian revenue increased 36%</b></li><li><b>North American revenue increased 10%; retail comp sales increased 2.9%</b></li><li><b>Dividend distributions totaled $247 million</b></li></ul>
<br /><p><u><b>Fourth Quarter Fiscal 2011 Results</b></u></p><p>For the fourth quarter of fiscal 2011, the Company reported record net earnings of $103.3 million, a 19.3% increase compared to net earnings of $86.6 million for the fourth quarter of fiscal 2010. &#160;Diluted earnings per share increased 19.4%, reaching $1.11, compared to $0.93 for the prior-year quarter. &#160;In the quarter, the Company completed an assessment of North American loyalty program breakage, which resulted in a one-time benefit to revenues of $6.7 million, or $0.05 per share.</p><p>Paul Marciano, Chief Executive Officer, commented, &#34;This has been another successful year of record results where we made substantial progress toward many important objectives. &#160;We increased annual revenues in each of our businesses, which combined to drive double-digit revenue growth and a 19% increase in earnings per
share. &#160; Our focus on international expansion continues to pay off, with Europe and Asia contributing nearly two-thirds of our annual revenue increase. &#160;We leveraged the tremendous global momentum of the Guess? brand, opening 237 new stores during the year. &#160;And we strengthened our infrastructure to support our future growth around the world.&#34;</p><p>Mr. Marciano continued, &#34;We enter the new fiscal year excited and well positioned to execute on our long-term global strategies. &#160;Our focus continues to be on our brand and on great products that resonate with our customers worldwide. &#160;We are excited about the innovative and compelling new product designs and styles that our team has been working on for the upcoming seasons. &#160;We also continue to build our operational platform, developing a world class infrastructure that can support our global expansion.
&#160;Our goal is to develop many strategic markets where our brand awareness is high, but we need additional distribution and infrastructure support. &#160;These strategies, bolstered by our strong financial position, will drive us to deliver shareholder value by leveraging the full potential of the Guess? brand worldwide.&#34;</p><p>Total net revenue for the fourth quarter of fiscal 2011 increased 17.9% to $756.9 million from $642.0 million in the prior-year quarter. &#160;In constant dollars, total net revenue increased 21.0%. &#160;</p><p>The Company&#39;s retail stores in North America generated revenue of $338.6 million in the fourth quarter of fiscal 2011, a 9.4% increase from $309.4 million in the same period a year ago. &#160;Comparable store sales decreased 1.1% in US dollars and 2.1% in local currency for the fourth quarter of fiscal 2011, compared to the same period a year
ago. &#160;The Company owned and operated 481 retail stores in the United States and Canada at the end of the fourth quarter of fiscal 2011 versus 432 stores a year earlier.</p><p>Net revenue from the Company&#39;s Europe segment increased 32.5% to $294.9 million in the fourth quarter of fiscal 2011, compared to $222.6 million in the prior-year period. &#160;In local currency, net revenue increased 43.3%.</p><p>Net revenue from the Company&#39;s Asia segment increased 23.2% to $55.4 million in the fourth quarter of fiscal 2011, from $44.9 million in the prior-year period.</p><p>Net revenue from the Company&#39;s North American wholesale segment decreased 5.2% to $37.7 million in the fourth quarter of fiscal 2011, from $39.8 million in the prior-year period.</p><p>Licensing segment net revenue increased 19.6% to $30.4 million in the fourth quarter of fiscal 2011, from $25.4 million in
the prior-year period.</p><p>Operating earnings for the fourth quarter of fiscal 2011 increased 19.6% to $144.3 million (including a $4.6 million unfavorable currency translation impact) from $120.7 million in the prior-year period. &#160;Operating margin in the fourth quarter increased 30 basis points to 19.1%, compared to the prior-year quarter. &#160;The improvement in operating margin primarily reflects the impact of operating expense leverage, mainly driven by lower performance based compensation, as well as the loyalty program breakage. &#160;These favorable impacts were partially offset by lower initial markups in Europe, including the negative effect of currency on product costs, along with higher markdowns in North America retail. &#160;Other net income, which primarily relates to net revaluation gains on foreign currency balances and contracts and net gains on non-operating
assets, was $7.4 million for the fourth quarter of fiscal 2011, compared to $5.0 million in the prior-year&#39;s quarter.</p><p>The Company&#39;s effective tax rate was 30.3% for the fourth quarter of fiscal 2011, compared to 29.9% for the fourth quarter of the prior year.</p><p><u><b>Fiscal Year 2011 Results</b></u></p><p>For the fiscal year ended January 29, 2011, the Company reported net earnings of $289.5 million, an increase of 19.3% compared to net earnings of $242.8 million for the year ended January 30, 2010.&#160; Diluted earnings per share increased 19.2% to $3.11 per share in fiscal year 2011 versus $2.61 per share in the prior year.</p><p>Total net revenue for fiscal year 2011 increased 16.9% to $2.49 billion from $2.13 billion in the prior year.&#160; In constant dollars, total net revenue increased 18.2%. &#160;The Company&#39;s retail stores in North America generated
revenue of $1.07 billion for fiscal year 2011, an 8.7% increase from $983.9 million in the prior year.&#160; Comparable store sales for fiscal 2011 increased 2.9% in US dollars and 1.1% in local currency compared to the same period a year ago.&#160; </p><p>Net revenue from the Company&#39;s Europe segment increased 23.2% to $920.3 million in fiscal year 2011, compared to $747.2 million in the prior year.&#160; In local currency, Europe segment revenue increased 31.0%. &#160;</p><p>Net revenue from the Company&#39;s Asia segment increased 36.4% to $200.9 million in fiscal year 2011, compared to $147.3 million in the prior year. &#160;</p><p>Net revenue from the Company&#39;s North American wholesale segment increased 18.5% to $181.0 million in fiscal 2011, from $152.7 million in the prior year.&#160; </p><p>Licensing segment net revenue increased 18.4% to $115.2 million in fiscal year
2011, from $97.4 million in the prior year.</p><p>Operating earnings for fiscal year 2011 increased 12.8% to $404.6 million (including a $7.3 million unfavorable currency translation impact) from $358.8 million in the prior year.&#160; Operating margin for fiscal year 2011 decreased 60 basis points to 16.3%. &#160;This operating margin decline primarily resulted from the impact of currencies on product costs, increased occupancy costs due to retail expansion in Europe, lower initial markups in Europe, and higher markdowns in North America. &#160;Other net income, which primarily relates to net revaluation gains on foreign currency balances and contracts and net gains on non-operating assets, was $16.4 million for fiscal year 2011, compared to $3.6 million for the prior year. &#160;The Company&#39;s full year effective tax rate improved to 30.1% for fiscal year 2011, compared to 31.9%
for fiscal year 2010.</p><p><u><b>Outlook</b></u></p><p>The Company&#39;s expectations for the first quarter of fiscal 2012 ending April 30, 2011, are as follows:</p><ul type="disc"><li>Consolidated net revenues are expected to range from $555 million to $570 million.</li><li>Operating margin is expected to be around 10.0%.</li><li>Diluted earnings per share are expected to be in the range of $0.41 to $0.44.</li></ul>
<br /><p>For the fiscal year ending January 28, 2012, the Company&#39;s expectations are as follows:</p><ul type="disc"><li>Consolidated net revenues are expected to range from $2.72 billion to $2.82 billion.</li><li>Operating margin is expected to be between 16.5% and 17.0%.</li><li>Diluted earnings per share are expected to be in the range of $3.30 to $3.50.</li></ul>
<br /><p><u><b>Dividend</b></u></p><p>The Company also announced today that its Board of Directors has approved a quarterly cash dividend of $0.20 per share on the Company&#39;s common stock. &#160;The dividend will be payable on April 15, 2011 to shareholders of record at the close of business on March 30, 2011.</p><p><u><b>Share Repurchase </b></u></p><p>The Company announced today that its Board of Directors has authorized a program to repurchase, from time-to-time and as market and business conditions warrant, up to $250 million of its common stock. &#160;The newly authorized $250 million program includes $85 million remaining under the Company&#39;s previously authorized $200 million repurchase program. &#160;Repurchases may be made on the open market or in privately negotiated transactions, pursuant to Rule 10b5-1 trading plans or other available means. &#160;There is no minimum or
maximum number of shares to be repurchased under the program and the program may be discontinued at any time, without prior notice.</p><p><i>The Company will hold a conference call at 4:30 pm (ET) on March 16, 2011 to discuss the news announced in this press release. &#160;A live webcast of the conference call will be accessible at </i><u>www.guess.com</u><i> via the &#34;Investor Relations&#34; link. &#160;The webcast will be archived on the website for 30 days.</i></p><p>Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, footwear and other related consumer products. &#160;As of January 29, 2011, the Company owned and operated 481 retail stores in the United States and Canada and operated 892 retail stores outside of the United States and Canada, of which 188 were directly owned.
&#160;The Company also distributes its products through better department and specialty stores around the world. &#160;For more information about the Company, please visit <u>www.guess.com</u>. </p><p><i>Except for historical information contained herein, certain matters discussed in this press release, including statements concerning the Company&#39;s global expansion strategy, future prospects and guidance for the first quarter and full year of fiscal 2012, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. &#160;Forward-looking statements are only expectations, and involve known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from what is currently anticipated. &#160;Factors which may cause actual results in
future periods to differ materially from current expectations include, among other things: domestic and international economic conditions, including economic and other events that could negatively impact consumer confidence and discretionary consumer spending and result in increasingly difficult competitive conditions; our ability to, among other things, anticipate consumer preferences, protect our brand image, effectively operate our various retail concepts, manage inventories, address potential increases to product costs and successfully execute our strategies, including our supply chain and international growth strategies; and risks associated with changes in economic, political, social and other conditions affecting our global operations, including currency fluctuations and global tax rates. &#160;In addition to these factors, the economic, technology, management, litigation-related
and other risks identified in the Company&#39;s most recent annual report on Form 10-K and other filings with the Securities and Exchange Commission, including but not limited to the risk factors discussed therein, could cause actual results to differ materially from current expectation</i><i>s.</i></p><div style="margin-bottom:.0001in; margin-top:.0001in"><table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;"><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Contact: &#160;</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Guess?, Inc.</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Maili Bergman</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">VP Investor Relations</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">(213) 765-5578</font></p></td><td style=""></td></tr><tr><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td></tr></table>
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<br /></div><div style="margin-bottom:.0001in; margin-top:.0001in"><table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;"><tr><td valign="bottom" colspan="14" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Guess?, Inc. and Subsidiaries</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="14" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Condensed Consolidated Statements of Income</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="14" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><i><font style="font-family:Arial;font-size:8pt;">(amounts in thousands, except per share data)</font></i></p></td><td
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<br /></td><td valign="bottom" colspan="5" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Three Months Ended</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="5" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Twelve Months Ended</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
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<br /></td><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">January 29,</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">January 30,</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">January 29,</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">January 30,</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
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<br /></td><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="white-space: nowrap;  margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">2011</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="white-space: nowrap;  margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">2010</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="white-space: nowrap;  margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">2011</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="white-space: nowrap;  margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">2010</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
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<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">$</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">$</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">$</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net revenue</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Product sales</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 726,519</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">96.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 616,625</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">96.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 2,372,072</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">95.4%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 2,031,114</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">95.4%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net royalties</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">30,396</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">4.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">25,405</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">4.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">115,222</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">4.6%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">97,352</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">4.6%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">756,915</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">100.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">642,030</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">100.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">2,487,294</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">100.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">2,128,466</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">100.0%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Cost of product sales</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">420,567</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">55.6%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">346,714</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">54.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,397,062</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">56.2%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,186,979</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">55.8%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Gross profit</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">336,348</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">44.4%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">295,316</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">46.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,090,232</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">43.8%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">941,487</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">44.2%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Selling, general and administrative expenses</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">192,058</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">25.3%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">174,622</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">27.2%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">679,780</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">27.3%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">582,671</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">27.3%</font></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Accelerated pension cost amortization</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">-</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">-</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">5,819</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.2%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">-</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.0%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Earnings from operations</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">144,290</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">19.1%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">120,694</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">18.8%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">404,633</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">16.3%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">358,816</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">16.9%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Other income (expense):</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Interest expense</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(442)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 3pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(0.1%)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(453)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 3pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(0.1%)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(1,217)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 3pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(0.1%)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(2,176)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 3pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(0.1%)</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Interest income</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(32)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 3pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(0.0%)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">236</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,553</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.1%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,697</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.1%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Other, net</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">7,382</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">5,005</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.8%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">16,408</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.6%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">3,592</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.1%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Earnings before income taxes</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">151,198</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">20.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">125,482</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">19.5%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">421,377</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">16.9%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">361,929</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">17.0%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Income taxes</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">45,819</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">6.1%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">37,571</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">5.8%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">126,874</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">5.1%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">115,599</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">5.4%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net earnings</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">105,379</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">13.9%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">87,911</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">13.7%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">294,503</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">11.8%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">246,330</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">11.6%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net earnings attributable to noncontrolling interests in subsidiaries</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">2,053</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.2%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,322</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.2%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">4,995</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.2%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">3,569</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">0.2%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net earnings attributable to Guess?, Inc.</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 103,326</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">13.7%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; 86,589</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">13.5%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;289,508</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">11.6%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;242,761</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">11.4%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Earnings per common share attributable to common stockholders:</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Basic </font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; 1.12</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; 0.94</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; &#160; &#160;3.14</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; &#160; &#160;2.63</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Diluted</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; 1.11</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; 0.93</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; &#160; &#160;3.11</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; &#160; &#160;2.61</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Weighted average common shares outstanding attributable to common stockholders:</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Basic</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">91,216</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">91,276</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">91,410</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">90,893</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Diluted</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">91,934</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">92,254</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">92,115</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">91,592</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td></tr></table>
<br />
<br /></div><div style="margin-bottom:.0001in; margin-top:.0001in"><table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;"><tr><td valign="bottom" colspan="14" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Guess?, Inc. and Subsidiaries</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="14" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Consolidated Segment Data</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="14" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><i><font style="font-family:Arial;font-size:8pt;">(dollars in thousands)</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="14"
style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="5" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Three Months Ended</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="5" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Twelve Months Ended</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">January 29,</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">January 30,</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">January 29,</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">January 30,</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">%</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">2011</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">2010</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">chg</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">2011</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">2010</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><font style="font-family:Arial;font-size:8pt;">chg</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net revenue:</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">North American retail</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160;338,597</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160;309,365</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">9%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 1,069,893</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;983,903</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">9%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Europe</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">294,867</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">222,556</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">32%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">920,327</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">747,242</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">23%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Asia</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">55,362</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">44,932</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">23%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">200,891</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">147,287</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">36%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">North American wholesale</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">37,693</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">39,772</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">-5%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">180,961</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">152,682</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">19%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Licensing</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">30,396</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">25,405</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">20%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">115,222</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">97,352</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">18%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160;756,915</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160;642,030</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">18%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 2,487,294</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 2,128,466</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">17%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Earnings (loss) from operations:</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">North American retail</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;52,575</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;50,962</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">3%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;122,583</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;132,287</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">-7%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Europe</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">65,913</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">57,002</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">16%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">193,309</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">173,235</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">12%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Asia</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">7,502</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">6,293</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">19%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">28,631</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">15,825</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">81%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">North American wholesale</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">8,534</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">9,667</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">-12%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">46,153</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">35,166</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">31%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Licensing</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">27,674</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">24,777</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">12%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">104,165</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">86,640</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">20%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Corporate overhead</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(17,908)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(28,007)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">-36%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(84,389)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(84,337)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">0%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Accelerated pension cost amortization</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">-</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">-</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(5,819)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 12pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">-</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160;144,290</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160;120,694</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">20%</font></i></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;404,633</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 12pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;358,816</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><i><font style="font-family:Arial;font-size:8pt;">13%</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Operating margins:</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">North American retail</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">15.5%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">16.5%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">11.5%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">13.4%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Europe</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">22.4%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">25.6%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">21.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">23.2%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Asia</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">13.6%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">14.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">14.3%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">10.7%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">North American wholesale</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">22.6%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">24.3%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">25.5%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">23.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Licensing</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">91.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">97.5%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">90.4%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">89.0%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Total Company</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">19.1%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">18.8%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">16.3%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">16.9%</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td></tr></table>
<br />
<br /></div><div style="margin-bottom:.0001in; margin-top:.0001in"><table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;"><tr><td valign="bottom" colspan="6" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Guess?, Inc. and Subsidiaries</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="6" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Selected Condensed Consolidated Balance Sheet Data</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="6" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><i><font style="font-family:Arial;font-size:8pt;">(in thousands)</font></i></p></td><td style=""></td></tr><tr><td
valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">January 29,</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">January 30,</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">2011</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">2010</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="6" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">ASSETS</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Cash and cash equivalents</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;427,037</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;502,063</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Short-term investments</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">15,087</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">-</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Receivables, net</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">358,482</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">283,747</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Inventories</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">294,705</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">253,162</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Other current assets</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">68,269</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">85,191</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Property and equipment, net</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">313,856</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">255,308</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Other assets</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">208,368</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">151,778</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Total Assets</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 1,685,804</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 1,531,249</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="6" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">LIABILITIES AND STOCKHOLDERS&#39; EQUITY</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Current portion of borrowings and capital lease obligations</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; &#160;2,177</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160; &#160;2,357</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Other current liabilities</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">428,839</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">340,396</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Borrowing and capital lease obligations</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">12,218</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">14,137</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Other long-term liabilities</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">161,665</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">134,203</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Redeemable and nonredeemable noncontrolling interests</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">26,029</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">19,945</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Guess?, Inc. stockholders&#39; equity</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,054,876</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,020,211</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Total Liabilities and Stockholders&#39; Equity</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 1,685,804</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ 1,531,249</font></p></td><td style=""></td></tr><tr><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td></tr></table>
<br />
<br /></div><div style="margin-bottom:.0001in; margin-top:.0001in"><table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;"><tr><td valign="bottom" colspan="5" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Guess?, Inc. and Subsidiaries</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="5" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Condensed Consolidated Cash Flow Data</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="5" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><i><font style="font-family:Arial;font-size:8pt;">(in thousands)</font></i></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="5"
style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="3" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Twelve Months Ended</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">January 29,</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">January 30,</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">2011</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">2010</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net cash provided by operating activities</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;346,374</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;358,210</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net cash used in investing activities</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(146,103)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(90,836)</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net cash used in financing activities</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(277,006)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(61,763)</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Effect of exchange rates on cash</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,709</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">2,334</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Net increase (decrease) in cash and cash equivalents</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(75,026)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">207,945</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Cash and cash equivalents at the beginning of the year</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">502,063</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">294,118</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Cash and cash equivalents at the end of the period</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;427,037</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160;502,063</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><b><font style="font-family:Arial;font-size:8pt;">Supplemental information:</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Depreciation and amortization</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160;67,488</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">$ &#160; &#160; &#160;64,374</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Rent</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">217,830</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">180,488</font></p></td><td style=""></td></tr><tr><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td></tr></table>
<br />
<br /></div><div style="margin-bottom:.0001in; margin-top:.0001in"><table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;"><tr><td valign="bottom" colspan="10" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Guess?, Inc. and Subsidiaries</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="10" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Retail Store Data</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="10" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">International Store Count</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding:
0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="3" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">As of January 29, 2011</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="3" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">As of January 30, 2010</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Total</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Directly Operated</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Total</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Directly Operated</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><b><font style="font-family:Arial;font-size:8pt;">Region</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Stores</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Stores</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Stores</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Stores</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">United States and Canada</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">481</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">481</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">432</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">432</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Europe and Middle East</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">474</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">141</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">388</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">84</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Asia</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">357</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">28</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">335</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">28</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Other</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">61</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">19</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">55</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">13</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,373</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">669</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,210</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">557</font></p></td><td style=""></td></tr><tr><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td></tr></table>
<br />
<br /></div><div style="margin-bottom:.0001in; margin-top:.0001in"><table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;"><tr><td valign="bottom" colspan="6" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Guess?, Inc. and Subsidiaries</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="6" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Retail Store Data</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="6" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">U.S. and Canada</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" colspan="6" style="padding:
0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" colspan="3" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">Twelve Months Ended</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; "><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">January 29,</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style="margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">January 30,</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">2011</font></b></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; "><p style="white-space: nowrap;  margin:0in; text-align: center; "><b><font style="font-family:Arial;font-size:8pt;">2010</font></b></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Number of stores at the beginning of the year</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">432</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">425</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Store openings</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">59</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">18</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Store closures</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(10)</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">(11)</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Number of stores at the end of the period</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">481</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">432</font></p></td><td style=""></td></tr><tr><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">
<br /></td><td style=""></td></tr><tr><td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;"><p style=" margin:0in;"><font style="font-family:Arial;font-size:8pt;">Total store square footage at the end of the period</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">2,166,000</font></p></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">
<br /></td><td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; "><p style="white-space: nowrap;  margin:0in; text-align: right; "><font style="font-family:Arial;font-size:8pt;">1,992,000</font></p></td><td style=""></td></tr><tr><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td><td style="padding: 0pt 5.4pt 2pt 5.4pt;"></td></tr></table>
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<br /><br /><p>CONTACT: &#160;Maili Bergman, VP Investor Relations of Guess?, Inc., +1-213-765-5578</p></div></div></body></html>
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