Stockholders' Equity and Redeemable Noncontrolling Interests (Tables)

3 Months Ended

Apr. 30, 2016

Stockholders' Equity and Redeemable Noncontrolling Interests [Abstract]

Reconciliation of common stock outstanding, treasury stock and the total carrying amount of total stockholders' equity, Guess, Inc. stockholders' equity and stockholders' equity attributable to nonredeemable and redeemable noncontrolling interests

A reconciliation of common stock outstanding, treasury stock and the total carrying amount of total stockholders’ equity, Guess?, Inc. stockholders’ equity and stockholders’ equity attributable to nonredeemable and redeemable noncontrolling interests for the fiscal year ended January 30, 2016 and three months ended April 30, 2016 is as follows (in thousands, except share data):



	Shares				Stockholders’ Equity
	Common Stock		Treasury Stock		Guess?, Inc. Stockholders’ Equity			Nonredeemable Noncontrolling Interests			Total			Redeemable Noncontrolling Interests
Balance at January 31, 2015	85,323,154		54,235,846		$	1,073,856		$	15,590		$	1,089,446		$	4,437
Net earnings	—		—		81,851			2,964			84,815			—
Foreign currency translation adjustment	—		—		(36,083		)	(1,661		)	(37,744		)	(476		)
Gain on derivative financial instruments designated as cash flow hedges, net of income tax of ($559)	—		—		95			—			95			—
Loss on marketable securities, net of income tax of $7	—		—		(12		)	—			(12		)	—
Actuarial valuation gain (loss) and related amortization, plan amendment, curtailment, prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of ($2,972)	—		—		5,011			—			5,011			—
Issuance of common stock under stock compensation plans, net of tax effect	469,937		—		(4,023		)	—			(4,023		)	—
Issuance of stock under Employee Stock Purchase Plan	40,846		(40,846	)	660			—			660			—
Share-based compensation	—		—		18,880			—			18,880			—
Dividends	—		—		(77,287		)	—			(77,287		)	—
Share repurchases	(2,000,000	)	2,000,000		(44,053		)	—			(44,053		)	—
Noncontrolling interest capital contribution	—		—		—			—			—			871
Noncontrolling interest capital distribution	—		—		—			(4,075		)	(4,075		)	—
Redeemable noncontrolling interest redemption value adjustment	—		—		(420		)	—			(420		)	420
Balance at January 30, 2016	83,833,937		56,195,000		$	1,018,475		$	12,818		$	1,031,293		$	5,252
Net earnings (loss)	—		—		(25,178		)	24			(25,154		)	—
Foreign currency translation adjustment	—		—		42,631			521			43,152			406
Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $2,634	—		—		(11,025		)	—			(11,025		)	—
Gain on marketable securities, net of minimal tax effect	—		—		1			—			1			—
Actuarial valuation and prior service credit amortization and foreign currency and other adjustments on defined benefit plans, net of income tax of ($4)	—		—		(89		)	—			(89		)	—
Issuance of common stock under stock compensation plans, net of tax effect	482,936		—		(640		)	—			(640		)	—
Issuance of stock under Employee Stock Purchase Plan	9,448		(9,448	)	150			—			150			—
Share-based compensation	—		—		4,232			—			4,232			—
Dividends	—		—		(19,137		)	—			(19,137		)	—
Noncontrolling interest capital contribution	—		—		—			—			—			1,876
Redeemable noncontrolling interest redemption value adjustment	—		—		(670		)	—			(670		)	670
Balance at April 30, 2016	84,326,321		56,185,552		$	1,008,750		$	13,363		$	1,022,113		$	8,204

Schedule of changes in accumulated other comprehensive income (loss), net of related income taxes

The changes in accumulated other comprehensive income (loss), net of related income taxes, for the three months ended April 30, 2016 and May 2, 2015 are as follows (in thousands):



	Three Months Ended Apr 30, 2016
	Foreign Currency Translation Adjustment			Derivative Financial Instruments Designated as Cash Flow Hedges			Marketable Securities			Defined Benefit Plans			Total
Balance at January 30, 2016	$	(157,652	)	$	7,252		$	(15	)	$	(7,639	)	$	(158,054	)
Gains (losses) arising during the period	42,631			(9,880		)	1			(149		)	32,603
Reclassification to net loss for (gains) losses realized	—			(1,145		)	—			60			(1,085		)
Net other comprehensive income (loss)	42,631			(11,025		)	1			(89		)	31,518
Balance at April 30, 2016	$	(115,021	)	$	(3,773	)	$	(14	)	$	(7,728	)	$	(126,536	)



	Three Months Ended May 2, 2015
	Foreign Currency Translation Adjustment			Derivative Financial Instruments Designated as Cash Flow Hedges			Marketable Securities			Defined Benefit Plans			Total
Balance at January 31, 2015	$	(121,569	)	$	7,157		$	(3	)	$	(12,650	)	$	(127,065	)
Losses arising during the period	(339		)	(926		)	(4		)	—			(1,269		)
Reclassification to net earnings for (gains) losses realized	—			(1,935		)	—			306			(1,629		)
Net other comprehensive income (loss)	(339		)	(2,861		)	(4		)	306			(2,898		)
Balance at May 2, 2015	$	(121,908	)	$	4,296		$	(7	)	$	(12,344	)	$	(129,963	)

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss) during the three months ended April 30, 2016 and May 2, 2015 are as follows (in thousands):



	Three Months Ended						Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings (Loss)
	Apr 30, 2016			May 2, 2015
Derivative financial instruments designated as cash flow hedges:
Foreign exchange currency contracts	$	(1,435	)	$	(1,750	)	Cost of product sales
Foreign exchange currency contracts	(32		)	(486		)	Other income/expense
Interest rate swap	51			—			Interest expense
Less income tax effect	271			301			Income tax expense (benefit)
	(1,145		)	(1,935		)
Defined benefit plans:
Actuarial loss amortization	86			513			₍₁₎
Prior service credit amortization	(7		)	(58		)	₍₁₎
Less income tax effect	(19		)	(149		)	Income tax expense (benefit)
	60			306
Total reclassifications during the period	$	(1,085	)	$	(1,629	)

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(1)	These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information.