XML 52 R34.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Debt (Details) (USD $) | 3 Months Ended | 0 Months Ended |  |
--- | --- | --- | --- | ---
May 01, 2015 | May 02, 2014 | Apr. 04, 2014 | Jan. 30, 2015 | Jan. 31, 2014
Line of Credit Facility [Line Items] |  |  |  |  |
Long-term Debt |  | $ 509,850,000 us-gaap_LongTermDebt |  | $ 511,138,000 us-gaap_LongTermDebt | $ 515,000,000 us-gaap_LongTermDebt
Long-term debt | 504,700,000 us-gaap_LongTermDebtNoncurrent | 509,850,000 us-gaap_LongTermDebtNoncurrent |  | 505,988,000 us-gaap_LongTermDebtNoncurrent |
Long-term Debt, Current Maturities | 5,150,000 us-gaap_LongTermDebtCurrent | 5,150,000 us-gaap_LongTermDebtCurrent |  | 5,150,000 us-gaap_LongTermDebtCurrent |
Debt Instrument, Interest Rate, Stated Percentage | 4.25%us-gaap_DebtInstrumentInterestRateStatedPercentage | 4.25%us-gaap_DebtInstrumentInterestRateStatedPercentage |  | 4.25%us-gaap_DebtInstrumentInterestRateStatedPercentage |
Dividends paid prior to distribution | 0 us-gaap_PaymentsOfDividends | 500,000,000 us-gaap_PaymentsOfDividends |  |  |
Debt issuance costs | 0 us-gaap_PaymentsOfDebtIssuanceCosts | (11,311,000)us-gaap_PaymentsOfDebtIssuanceCosts |  |  |
Interest rate floor | 0.00%us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum |  |  |  |
Interest rate at the end of period | 0.00%us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd | 0.00%us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd |  | 0.00%us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd |
ABL Facility | Domestic letters of credit |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Line of credit facility maximum borrowing capacity | 0 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = le_DomesticLettersofCreditMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember | 0 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = le_DomesticLettersofCreditMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember |  | 0 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = le_DomesticLettersofCreditMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember |
ABL Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Available borrowing under line of credit facility | 155,800,000 us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember |  |  |  |
Outstanding letters of credit | 19,200,000 us-gaap_LettersOfCreditOutstandingAmount / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember |  |  |  |
Line of credit facility, covenant terms, minimum percentage of loan cap amount |  |  | 10.00%le_LineofCreditFacilityCovenantTermsMinimumPercentageofLoanCapAmount / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember |  |
Line of credit facility, covenant terms, minimum excess credit availability |  |  | 15,000,000 le_LineofCreditFacilityCovenantTermsMinimumRemainingBorrowingCapacity / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember |  |
Line of credit facility, covenant terms, minimum fixed charge coverage ratio |  |  | 1 le_LineofCreditFacilityCovenantTermsMinimumFixedChargeCoverageRatio / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember |  |
Term Loan Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Secured Debt |  | 509,850,000 us-gaap_SecuredDebt / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_TermLoanFacilityMember |  | 511,138,000 us-gaap_SecuredDebt / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_TermLoanFacilityMember | 515,000,000 us-gaap_SecuredDebt / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_TermLoanFacilityMember
Minimum | ABL Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Line of credit facility, unused commitment fee percentage |  |  | 0.25%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember / us-gaap_RangeAxis = us-gaap_MinimumMember |  |
Maximum | ABL Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Line of credit facility, unused commitment fee percentage |  |  | 0.375%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember / us-gaap_RangeAxis = us-gaap_MaximumMember |  |
London Interbank Offered Rate (LIBOR) | Term Loan Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Spread on variable rate |  |  | 3.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_TermLoanFacilityMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember |  |
London Interbank Offered Rate (LIBOR) | Minimum | ABL Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Spread on variable rate |  |  | 1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember / us-gaap_RangeAxis = us-gaap_MinimumMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember |  |
London Interbank Offered Rate (LIBOR) | Maximum | ABL Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Spread on variable rate |  |  | 2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember |  |
Base rate | Term Loan Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Spread on variable rate |  |  | 2.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_TermLoanFacilityMember / us-gaap_VariableRateAxis = us-gaap_BaseRateMember |  |
Base rate | Minimum | ABL Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Spread on variable rate |  |  | 0.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember / us-gaap_RangeAxis = us-gaap_MinimumMember / us-gaap_VariableRateAxis = us-gaap_BaseRateMember |  |
Base rate | Maximum | ABL Facility | Secured debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Spread on variable rate |  |  | 1.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember / us-gaap_DebtInstrumentAxis = le_ABLFacilityMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_VariableRateAxis = us-gaap_BaseRateMember |  |
Subsidiary of Sears Holdings Corp. |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Dividends paid prior to distribution |  |  | $ 500,000,000 us-gaap_PaymentsOfDividends / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = us-gaap_SubsidiaryOfCommonParentMember |  |

X
- Definition Line of Credit Facility, Covenant Terms, Minimum Fixed Charge Coverage Ratio + References No definition available. + Details
Name: | le_LineofCreditFacilityCovenantTermsMinimumFixedChargeCoverageRatio
Namespace Prefix: | le_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line of Credit Facility, Covenant Terms, Minimum Percentage of Loan Cap Amount + References No definition available. + Details
Name: | le_LineofCreditFacilityCovenantTermsMinimumPercentageofLoanCapAmount
Namespace Prefix: | le_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Covenant Terms, Minimum Remaining Borrowing Capacity + References No definition available. + Details
Name: | le_LineofCreditFacilityCovenantTermsMinimumRemainingBorrowingCapacity
Namespace Prefix: | le_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Minimum contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The effective interest rate at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3291-108585 + Details
Name: | us-gaap_PaymentsOfDebtIssuanceCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3291-108585 + Details
Name: | us-gaap_PaymentsOfDividends
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_SecuredDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=le_ABLFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=le_TermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_SubsidiaryOfCommonParentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |