XML 62 R47.htm IDEA: XBRL DOCUMENT
v3.24.1

Defined Benefit Plans (Tables) | 12 Months Ended
--- | ---
Feb. 03, 2024
Retirement Benefits [Abstract] |
Schedule of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss) | The components of net periodic defined benefit pension cost to AOCL related to the Company’s defined benefit plans are as follows (in thousands):
| SERP |  | Foreign Pension Plans |  | Total
| Year Ended February 3, 2024
Service cost | $ | — |  |  | $ | 3,731 |  |  | $ | 3,731 |
Interest cost | 1,862 |  |  | 913 |  |  | 2,775 |
Expected return on plan assets | — |  |  | (809) |  |  | (809) |
Net amortization of unrecognized prior service credit | — |  |  | (160) |  |  | (160) |
Net amortization of actuarial loss | — |  |  | 256 |  |  | 256 |
Net periodic defined benefit pension cost | $ | 1,862 |  |  | $ | 3,931 |  |  | $ | 5,793 |
Unrecognized prior service credit charged to comprehensive income (loss) | $ | — |  |  | $ | (160) |  |  | $ | (160) |
Unrecognized net actuarial loss charged to comprehensive income (loss) | — |  |  | 256 |  |  | 256 |
Net actuarial gain (loss) | 4,388 |  |  | (563) |  |  | 3,825 |
Foreign currency and other adjustments | — |  |  | (361) |  |  | (361) |
Related tax impact | (1,014) |  |  | 424 |  |  | (590) |
Total periodic defined benefit pension cost and other charges to OCL and AOCL | $ | 3,374 |  |  | $ | (404) |  |  | $ | 2,970 |
| SERP |  | Foreign Pension Plans |  | Total
| Year Ended January 28, 2023
Service cost | $ | — |  |  | $ | 3,008 |  |  | $ | 3,008 |
Interest cost | 1,333 |  |  | 221 |  |  | 1,554 |
Expected return on plan assets | — |  |  | (271) |  |  | (271) |
Net amortization of unrecognized prior service credit | — |  |  | (90) |  |  | (90) |
Net amortization of actuarial loss | 17 |  |  | 598 |  |  | 615 |
Net periodic defined benefit pension cost | $ | 1,350 |  |  | $ | 3,466 |  |  | $ | 4,816 |
Unrecognized prior service credit charged to comprehensive income (loss) | $ | — |  |  | $ | (90) |  |  | $ | (90) |
Unrecognized net actuarial loss charged to comprehensive income (loss) | 17 |  |  | 598 |  |  | 615 |
Net actuarial gain | 6,649 |  |  | (2,759) |  |  | 3,890 |
Foreign currency and other adjustments | — |  |  | 627 |  |  | 627 |
Related tax impact | (1,547) |  |  | 152 |  |  | (1,395) |
Total periodic defined benefit pension cost and other charges to OCL and AOCL | $ | 5,119 |  |  | $ | (1,472) |  |  | $ | 3,647 |
| Year Ended January 29, 2022
Service cost | $ | — |  |  | $ | 3,142 |  |  | $ | 3,142 |
Interest cost | 1,155 |  |  | 74 |  |  | 1,229 |
Expected return on plan assets | — |  |  | (206) |  |  | (206) |
Net amortization of unrecognized prior service credit | — |  |  | (67) |  |  | (67) |
Net amortization of actuarial loss | 81 |  |  | 339 |  |  | 420 |
Net periodic defined benefit pension cost | $ | 1,236 |  |  | $ | 3,282 |  |  | $ | 4,518 |
Unrecognized prior service credit charged to comprehensive income (loss) | $ | — |  |  | $ | (67) |  |  | $ | (67) |
Unrecognized net actuarial loss charged to comprehensive income (loss) | 81 |  |  | 339 |  |  | 420 |
Net actuarial loss | 2,067 |  |  | 738 |  |  | 2,805 |
Foreign currency and other adjustments | — |  |  | 340 |  |  | 340 |
Related tax impact | (496) |  |  | (141) |  |  | (637) |
Total periodic defined benefit pension cost and other charges to OCL and AOCL | $ | 1,652 |  |  | $ | 1,209 |  |  | $ | 2,861 |
Schedule of accumulated other comprehensive income (loss), before tax, that have not yet been recognized in net periodic defined benefit pension cost | The amounts included in AOCL, before income tax, that have not yet been recognized in net periodic defined benefit pension cost are as follows (in thousands):
| Feb 3, 2024 |  | Jan 28, 2023
| SERP |  | Foreign Pension Plans |  | Total |  | SERP |  | Foreign Pension Plans |  | Total
Unrecognized prior service credit | $ | — |  |  | $ | (67) |  |  | $ | (67) |  |  | $ | — |  |  | $ | (815) |  |  | $ | (815) |
Unrecognized net actuarial (gain) loss | (6,544) |  |  | 4,737 |  |  | (1,807) |  |  | (2,118) |  |  | 6,283 |  |  | 4,165 |
Total included in AOCL | $ | (6,544) |  |  | $ | 4,670 |  |  | $ | (1,874) |  |  | $ | (2,118) |  |  | $ | 5,468 |  |  | $ | 3,350 |
Schedule of the funded status of the Company's defined benefit plans and the amounts recognized in the Company's consolidated balance sheets | The funded status of the Company’s defined benefit plans and the amounts recognized in the Company’s consolidated balance sheets are summarized as follows (in thousands):
| Feb 3, 2024 |  | Jan 28, 2023
| SERP |  | Foreign Pension Plans |  | Total |  | SERP |  | Foreign Pension Plans |  | Total
Projected benefit obligation | $ | (37,730) |  |  | $ | (56,260) |  |  | $ | (93,990) |  |  | $ | (42,367) |  |  | $ | (47,366) |  |  | $ | (89,733) |
Plan assets at fair value 1 | — |  |  | 49,433 |  |  | 49,433 |  |  | — |  |  | 41,193 |  |  | 41,193 |
Net liability 2 | $ | (37,730) |  |  | $ | (6,827) |  |  | $ | (44,557) |  |  | $ | (42,367) |  |  | $ | (6,173) |  |  | $ | (48,540) |
______________________________________________________________________ 1 The SERP is a non-qualified pension plan and hence the insurance policies are not considered to be plan assets. Accordingly, the table above does not include the insurance policies with cash surrender values of $63.4 million and $64.4 million as of February 3, 2024 and January 28, 2023, respectively. 2 The net liability was included in accrued expenses and other long-term liabilities in the Company’s consolidated balance sheets depending on the expected timing of payments.
Schedule of reconciliation of the changes in the projected benefit obligation | A reconciliation of the changes in the projected benefit obligation is as follows (in thousands):
| SERP |  | Foreign Pension Plans |  | Total
Balance at January 29, 2022 | $ | 49,431 |  |  | $ | 42,740 |  |  | $ | 92,171 |
Service cost | — |  |  | 3,008 |  |  | 3,008 |
Interest cost | 1,333 |  |  | 221 |  |  | 1,554 |
Actuarial (gains) losses | (6,649) |  |  | 2,994 |  |  | (3,655) |
Contributions by plan participants | — |  |  | 2,622 |  |  | 2,622 |
Payments | (1,748) |  |  | (3,905) |  |  | (5,653) |
Foreign currency and other adjustments | — |  |  | (314) |  |  | (314) |
Balance at January 28, 2023 | $ | 42,367 |  |  | $ | 47,366 |  |  | $ | 89,733 |
Service cost | — |  |  | 3,731 |  |  | 3,731 |
Interest cost | 1,862 |  |  | 913 |  |  | 2,775 |
Actuarial (gains) losses | (4,395) |  |  | (750) |  |  | (5,145) |
Contributions by plan participants | — |  |  | 4,549 |  |  | 4,549 |
Payments | (2,066) |  |  | (2,062) |  |  | (4,128) |
Foreign currency and other adjustments | (38) |  |  | 2,513 |  |  | 2,475 |
Balance at February 3, 2024 | $ | 37,730 |  |  | $ | 56,260 |  |  | $ | 93,990 |
Schedule of reconciliation of the changes in plan assets for foreign pension plans | A reconciliation of the changes in plan assets for the Company’s foreign pension plans is as follows (in thousands):
| Plan Assets
Balance at January 29, 2022 | $ | 38,015 |
Actual return on plan assets | 506 |
Contributions by employer | 3,645 |
Contributions by plan participants | 2,622 |
Payments | (3,905) |
Foreign currency and other adjustments | 310 |
Balance at January 28, 2023 | $ | 41,193 |
Actual return on plan assets | (504) |
Contributions by employer | 4,144 |
Contributions by plan participants | 4,549 |
Payments | (2,062) |
Foreign currency and other adjustments | 2,113 |
Balance at February 3, 2024 | $ | 49,433 |

X
- Definition Tabular disclosure of the components of net benefit costs and amounts recognized in other comprehensive income (loss) and accumulated other income (loss) for pension plans and/or other employee benefit plans. + References No definition available. + Details
Name: | ges_ScheduleofNetBenefitCostsandAmountsRecognizedinOtherComprehensiveIncomeLossandAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | ges_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (b) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (a) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetFundedStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (j) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetPeriodicBenefitCostNotYetRecognizedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration