XML 101 R86.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings (Loss) Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Feb. 03, 2018
[1]
Oct. 28, 2017
[1]
Jul. 29, 2017
[1]
Apr. 29, 2017
[1]
Jan. 28, 2017
[1]
Oct. 29, 2016
[1]
Jul. 30, 2016
[1]
Apr. 30, 2016
[1]
Feb. 03, 2018
Jan. 28, 2017
Jan. 30, 2016
Earnings Per Share [Abstract]                      
Net earnings (loss) attributable to Guess, Inc. $ 1,040 $ (2,860) $ 15,219 $ (21,293) $ 6,567 $ 9,103 $ 32,269 $ (25,178) $ (7,894) $ 22,761 $ 81,851
Less net earnings attributable to nonvested restricted stockholders                 764 527 532
Net earnings (loss) attributable to common stockholders                 $ (8,658) $ 22,234 $ 81,319
Weighted average common shares used in basic computations                 82,189,000 83,666,000 84,264,000
Effect of dilutive securities:                      
Stock options and restricted stock units (in shares) [2]                 0 163,000 261,000
Weighted average common shares used in diluted computations                 82,189,000 83,829,000 84,525,000
Net earnings (loss) per common share attributable to common stockholders:                      
Basic (in dollars per share) $ 0.01 [3],[4],[5],[6] $ (0.04) [3],[4],[5],[6] $ 0.18 [3],[4],[5],[6] $ (0.26) [3],[4],[5],[6] $ 0.08 [3],[5],[6],[7],[8],[9] $ 0.11 [3],[5],[6],[7],[8],[9] $ 0.38 [3],[5],[6],[7],[8],[9] $ (0.30) [3],[5],[6],[7],[8],[9] $ (0.11) $ 0.27 $ 0.97
Diluted (in dollars per share) $ 0.01 [3],[4],[5],[6] $ (0.04) [3],[4],[5],[6] $ 0.18 [3],[4],[5],[6] $ (0.26) [3],[4],[5],[6] $ 0.08 [3],[5],[6],[7],[8],[9] $ 0.11 [3],[5],[6],[7],[8],[9] $ 0.38 [3],[5],[6],[7],[8],[9] $ (0.30) [3],[5],[6],[7],[8],[9] $ (0.11) $ 0.27 $ 0.96
Antidilutive securities excluded from computation of earnings per share                      
Antidilutive equity awards excluded from computation of diluted weighted average common shares                 2,925,549 3,254,259 2,737,573
Potentially dilutive shares                      
Antidilutive securities excluded from computation of earnings per share                      
Antidilutive equity awards excluded from computation of diluted weighted average common shares                 652,494    
Performance-based units                      
Antidilutive securities excluded from computation of earnings per share                      
Awards subject to performance or market conditions that were excluded from the computation of diluted weighted average common shares                 899,345    
Performance-based or market-based units                      
Antidilutive securities excluded from computation of earnings per share                      
Awards subject to performance or market conditions that were excluded from the computation of diluted weighted average common shares                   473,878  
[1] All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 3, 2018 which consisted of 14 weeks.
[2] For fiscal 2018, there were 652,494 potentially dilutive shares that were not included in the computation of diluted weighted average common shares and common equivalent shares outstanding because their effect would have been antidilutive given the Company’s net loss.
[3] During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. The Company recorded asset impairment charges of $2.8 million, $1.2 million, $2.0 million and $2.5 million, respectively, during the first, second, third and fourth quarters of fiscal 2018. The Company also recorded asset impairment charges of $0.2 million, $0.5 million, $0.8 million and $32.9 million, respectively, during the first, second, third and fourth quarters of fiscal 2017. Refer to Note 5 for further detail regarding asset impairment charges.
[4] During fiscal 2018, the Company recognized additional tax expense of $47.9 million related to the enactment of the Tax Reform. This is comprised of a $24.9 million charge for the provisional re-measurement of certain deferred taxes and related amounts and a provisional charge of $23.0 million to income tax expense for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings. These charges were recorded during the fourth quarter of fiscal 2018. Refer to Note 11 for further detail.
[5] Per common share amounts for the quarters and full years have been calculated separately. Accordingly, quarterly amounts may not add to the annual amount because of differences in the average common shares outstanding during each period.
[6] The Company recorded net gains (losses) on lease terminations of $(11.5) million and $0.1 million during the third and fourth quarters of fiscal 2018, respectively. There were no net gains (losses) on lease terminations recognized during the first or second quarters of fiscal 2018. During the first and second quarters of fiscal 2017, the Company recorded net gains on lease terminations of $0.1 million and $0.6 million, respectively. There were no net gains (losses) on lease terminations recognized during the third or fourth quarters of fiscal 2017. Refer to Note 1 for further information regarding net gains (losses) on lease terminations.
[7] During fiscal 2017, the Company recorded restructuring charges of $6.1 million and a related estimated exit tax charge of approximately $1.9 million. The restructuring charges and related estimated exit tax charge were recorded during the three months ended April 30, 2016. Refer to Note 9 for further detail regarding these charges.
[8] During fiscal 2017, the Company recorded valuation reserves of $6.8 million resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets. The Company recorded the valuation reserve during the three months ended January 28, 2017. Refer to Note 11 for further detail.
[9] During fiscal 2017, the Company sold its minority interest equity holding in a privately-held boutique apparel company for net proceeds of approximately $34.8 million, which resulted in a gain of approximately $22.3 million which was recorded in other income. The gain was recorded during the three months ended July 30, 2016.