XML 29 R15.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Fair Value Measurements | 12 Months Ended
--- | ---
Jan. 31, 2017
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract] |
Fair Value Measurements | NOTE 6 - FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting guidance establishes a fair value hierarchy which prioritizes the inputs used in measuring fair value into three broad levels as follows:
| • | Level 1 - Quoted prices in active markets for identical assets or liabilities.
| • | Level 2 - Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly.
| • | Level 3 - Unobservable inputs based on the Company’s assumptions.
The guidance requires the use of observable market data if such data is available without undue cost and effort. The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of January 31, 2017 and 2016 (in thousands):
|  |  | Fair Value at January 31, 2017 |
| Balance Sheet Location |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities | Other current assets |  | $ | 309 |  |  | $ | — |  |  | $ | — |  |  | $ | 309 |
Short-term investment | Other current assets |  |  | 154 |  |  |  | — |  |  |  | — |  |  |  | 154 |
SERP assets - employer | Other non-current assets |  |  | 1,091 |  |  |  | — |  |  |  | — |  |  |  | 1,091 |
SERP assets - employee | Other non-current assets |  |  | 30,831 |  |  |  | — |  |  |  | — |  |  |  | 30,831 |
Hedge derivatives | Other current assets |  |  | — |  |  |  | 145 |  |  |  | — |  |  |  | 145 |
Total |  |  | $ | 32,385 |  |  | $ | 145 |  |  | $ | — |  |  | $ | 32,530 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
SERP liabilities - employee | Other non-current liabilities |  | $ | 30,831 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,831 |
Hedge derivatives | Accrued liabilities |  |  | — |  |  |  | 211 |  |  |  | — |  |  |  | 211 |
Total |  |  | $ | 30,831 |  |  | $ | 211 |  |  | $ | — |  |  | $ | 31,042 |
|  |  | Fair Value at January 31, 2016 |
| Balance Sheet Location |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities | Other current assets |  | $ | 268 |  |  | $ | — |  |  | $ | — |  |  | $ | 268 |
SERP assets - employer | Other non-current assets |  |  | 1,168 |  |  |  | — |  |  |  | — |  |  |  | 1,168 |
SERP assets - employee | Other non-current assets |  |  | 24,853 |  |  |  | — |  |  |  | — |  |  |  | 24,853 |
Hedge derivatives | Other current assets |  |  | — |  |  |  | 64 |  |  |  | — |  |  |  | 64 |
Total |  |  | $ | 26,289 |  |  | $ | 64 |  |  | $ | — |  |  | $ | 26,353 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
SERP liabilities - employee | Other non-current liabilities |  | $ | 24,853 |  |  | $ | — |  |  | $ | — |  |  | $ | 24,853 |
Hedge derivatives | Accrued liabilities |  |  | — |  |  |  | 1,163 |  |  |  | — |  |  |  | 1,163 |
Total |  |  | $ | 24,853 |  |  | $ | 1,163 |  |  | $ | — |  |  | $ | 26,016 |
The fair values of the Company’s available-for-sale securities are based on quoted prices. The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually. The assets related to the Company’s defined contribution supplemental executive retirement plan (“SERP”) consist of both employer (employee unvested) and employee assets which are invested in investment funds with fair values calculated based on quoted market prices. The SERP liability represents the Company’s liability to the employees in the plan for their vested balances. The hedge derivatives are entered into by the Company principally to reduce its exposure to Swiss franc and Euro exchange rate risks. Fair values of the Company’s hedge derivatives are calculated based on quoted foreign exchange rates and quoted interest rates. The carrying amount of debt approximated fair value as of January 31, 2017. The Company had a long-term investment, which converted to common and preferred shares of a privately held company during the second quarter of fiscal 2016, accounted for under the cost method, with a carrying value of $1.3 million. This investment was tested quarterly for any impairment. Due to the increasingly competitive and difficult market conditions, the operating performance and business outlook for the Company’s long-term investment declined significantly during fiscal 2017. As such, the Company determined the investment experienced an other than temporary impairment and recorded a charge of $1.3 million, in other expenses in the Company’s Consolidated Statements of Operations, to reduce the carrying value to zero in the United States location of the Wholesale segment.

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

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13537-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13504-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration