XML 54 R40.htm IDEA: XBRL DOCUMENT
v3.4.0.3

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Feb. 29, 2016
Income Taxes |
Schedule of components of income before taxes | COMPONENTS OF INCOME BEFORE TAXES (in thousands)
|  | Fiscal Years Ended the Last Day of February,
|  | 2016 |  | 2015 |  | 2014
U.S. |  | $ | 30,874 |  | $ | 34,876 |  | $ | 38,147
Non-U.S. |  |  | 88,944 |  |  | 112,338 |  |  | 68,987
Total |  | $ | 119,818 |  | $ | 147,214 |  | $ | 107,134
Schedule of components of income tax expense (benefit) | COMPONENTS OF INCOME TAX EXPENSE (BENEFIT) (in thousands)
|  | Fiscal Years Ended the Last Day of February,
|  | 2016 |  | 2015 |  | 2014
U.S. |  |  |  |  |  |  |  |  |
Current |  | $ | 12,824 |  | $ | 18,525 |  | $ | 24,736
Deferred |  |  | (1,239) |  |  | (3,014) |  |  | (9,021)
|  |  | 11,585 |  |  | 15,511 |  |  | 15,715
Non-U.S. |  |  |  |  |  |  |  |  |
Current |  |  | 4,919 |  |  | (645) |  |  | 6,254
Deferred |  |  | 2,086 |  |  | 1,184 |  |  | (1,083)
|  |  | 7,005 |  |  | 539 |  |  | 5,171
Total |  | $ | 18,590 |  | $ | 16,050 |  | $ | 20,886
Schedule of effective income tax rate reconciliation |
|  | Fiscal Years Ended the Last Day of February, |
|  | 2016 |  | 2015 |  | 2014 |
Expected effective income tax rate at the U.S. statutory rate |  |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Impact of U.S. state income taxes |  |  | 0.5 | % |  | 0.6 | % |  | 1.7 | %
Effect of income from non-U.S. operations subject to varying rates |  |  | 4.1 | % |  | 0.9 | % |  | (0.3) | %
Effect of zero tax rate in Macau |  |  | (19.3) | % |  | (12.4) | % |  | (12.3) | %
Effect of statutory tax rate in Barbados |  |  | (6.8) | % |  | (11.7) | % |  | (8.7) | %
Effect of statutory tax rate in Switzerland |  |  | (5.7) | % |  | (2.9) | % |  | (0.9) | %
Effect of foreign exchange fluctuations |  |  | 3.3 | % |  | 0.4 | % |  | 0.3 | %
Effect of asset impairment charges |  |  | 1.1 | % |  | 1.6 | % |  | 3.9 | %
Other Items |  |  | 3.3 | % |  | (0.6) | % |  | 0.8 | %
Effective income tax rate |  |  | 15.5 | % |  | 10.9 | % |  | 19.5 | %
Schedule of components of deferred tax assets and liabilities | COMPONENTS OF DEFERRED TAX ASSETS AND LIABILITIES (in thousands)
|  | Last Day of February,
|  | 2016 |  | 2015
Deferred tax assets, gross: |  |  |  |  |  |
Operating loss carryforwards |  | $ | 15,419 |  | $ | 17,193
Accounts receivable |  |  | 6,332 |  |  | 4,367
Inventories |  |  | 10,372 |  |  | 8,450
Accrued expenses and other |  |  | 10,783 |  |  | 17,734
Total gross deferred tax assets |  |  | 42,906 |  |  | 47,744
Valuation allowance |  |  | (16,223) |  |  | (16,982)
Deferred tax liabilities: |  |  |  |  |  |
Depreciation and amortization |  |  | (51,562) |  |  | (54,788)
Total deferred tax liabilities, net |  | $ | (24,879) |  | $ | (24,026)
Schedule of operating loss carryforwards | SUMMARY OF OPERATING LOSS CARRYFORWARDS (in thousands)
|  | Balances at February 29, 2016
|  | Tax Year |  | Deferred |  | Operating
|  | Expiration |  | Tax |  | Loss
|  | Date Range |  | Assets |  | Carryforward
U.S. state operating loss carryforward |  | 2017 - 2035 |  | $ | 300 |  | $ | 7,184
Non-U.S. operating loss carryforwards with definite carryover periods |  | 2017 - 2026 |  |  | 1,339 |  |  | 7,271
Non-U.S. operating loss carryforwards with indefinite carryover periods |  | Indefinite |  |  | 13,780 |  |  | 46,599
Subtotals |  |  |  |  | 15,419 |  | $ | 61,054
Less portion of valuation allowance established for operating loss carryforwards |  |  |  |  | (14,054) |  |  |
Total |  |  |  | $ | 1,365 |  |  |
Schedule of unrecognized tax benefits | UNRECOGNIZED TAX BENEFITS (in thousands)
|  | Fiscal Years Ended
|  | the Last Day of February,
|  | 2016 |  | 2015
Total unrecognized tax benefits, beginning balance |  | $ | 10,295 |  | $ | 13,924
Tax positions taken during the current period |  |  | - |  |  | 341
Changes in tax positions taken during a prior period |  |  | 278 |  |  | (1,802)
Lapse in statute of limitations |  |  | (1,375) |  |  | (523)
Impact of foreign currency re-measurement |  |  | (421) |  |  | (882)
Settlements |  |  | (40) |  |  | (763)
Total unrecognized tax benefits, ending balance |  |  | 8,737 |  |  | 10,295
Less current unrecognized tax benefits |  |  | (536) |  |  | -
Noncurrent unrecognized tax benefits |  | $ | 8,201 |  | $ | 10,295
Schedule of material tax years under examination or still subject to examination by major tax jurisdictions | As of February 29, 2016, tax years under examination or still subject to examination by material tax jurisdictions are as follows:
Jurisdiction |  | Tax Years Under Examination |  | Open Tax Years
Mexico |  | - None - |  | 2010 | - | 2015
United Kingdom |  | - None - |  | 2015 | - | 2016
United States * |  | 2003, 2007, 2008 |  | 2003, 2007, 2008, 2013 - 2016
Switzerland |  | - None - |  | 2009 | - | 2016
Hong Kong |  | 2014 |  | 2009 | - | 2016
Hungary |  | 2009 |  | 2009, 2011 - 2016
* Kaz, Inc. and its U.S. subsidiaries are under examination for the 2003, 2007 and 2008 tax years. In February 2016, the examination of Helen of Troy Texas Corporation and its subsidiaries for the 2011 and 2012 tax years was comp leted with no impact to tax expense.

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (c),(d)(2)-(3) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxExaminationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration