View Filing Data

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Feb. 03, 2018	Mar. 23, 2018	Jul. 29, 2017
Document and Entity Information
Entity Registrant Name	OXFORD INDUSTRIES INC
Entity Central Index Key	0000075288
Document Type	10-K
Document Period End Date	Feb. 03, 2018
Amendment Flag	false
Current Fiscal Year End Date	--02-03
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 917,164,180
Entity Common Stock, Shares Outstanding		16,838,512
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017
Current Assets
Cash and cash equivalents	$ 6,343	$ 6,332
Receivables, net	67,542	58,279
Inventories, net	126,812	142,175
Prepaid expenses	35,421	24,842
Total Current Assets	236,118	231,628
Property and equipment, net	193,533	193,931
Intangible assets, net	178,858	175,245
Goodwill	66,703	60,015
Other non-current assets, net	24,729	24,340
Total Assets	699,941	685,159
Current Liabilities
Accounts payable	66,175	76,825
Accrued compensation	29,941	19,711
Other accrued expenses and liabilities	36,802	32,000
Liabilities related to discontinued operations	2,092	2,860
Total Current Liabilities	135,010	131,396
Long-term debt	45,809	91,509
Other non-current liabilities	74,029	70,002
Deferred taxes	15,269	13,578
Liabilities related to discontinued operations	0	2,544
Commitments and contingencies
Shareholders' Equity
Common stock, $1.00 par value per share	16,839	16,769
Additional paid-in capital	136,664	131,144
Retained earnings	280,395	233,493
Accumulated other comprehensive loss	(4,074)	(5,276)
Total Shareholders' Equity	429,824	376,130
Total Liabilities and Shareholders' Equity	$ 699,941	$ 685,159

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Feb. 03, 2018	Jan. 28, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Income Statement [Abstract]
Net sales	$ 1,086,211	$ 1,022,588	$ 969,290
Cost of goods sold	473,579	442,284	412,699
Gross profit	612,632	580,304	556,591
SG&A	540,517	504,600	473,517
Royalties and other operating income	13,885	14,180	14,440
Operating income	86,000	89,884	97,514
Interest expense, net	3,109	3,421	2,458
Earnings from continuing operations before income taxes	82,891	86,463	95,056
Income taxes	18,190	31,964	36,519
Net earnings from continuing operations	64,701	54,499	58,537
Income (loss) from discontinued operations, net of taxes	389	(2,038)	(27,975)
Net earnings	$ 65,090	$ 52,461	$ 30,562
Net earnings from continuing operations per share:
Basic (in dollars per share)	$ 3.90	$ 3.30	$ 3.56
Diluted (in dollars per share)	3.87	3.27	3.54
Income (loss) from discontinued operations, net of taxes, per share:
Basic (in dollars per share)	0.02	(0.12)	(1.70)
Diluted (in dollars per share)	0.02	(0.12)	(1.69)
Net earnings per share:
Basic (in dollars per share)	3.92	3.18	1.86
Diluted (in dollars per share)	$ 3.89	$ 3.15	$ 1.85
Weighted average shares outstanding:
Basic (in shares)	16,600	16,522	16,456
Diluted (in shares)	16,734	16,649	16,559
Dividends declared per share (in dollars per share)	$ 1.08	$ 1.08	$ 1.00

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Statement of Comprehensive Income [Abstract]
Net earnings	$ 65,090	$ 52,461	$ 30,562
Other comprehensive income, net of taxes:
Foreign currency translation adjustment	1,202	1,553	24,071
Net loss on cash flow hedges	0	0	(746)
Total other comprehensive income, net of taxes	1,202	1,553	23,325
Comprehensive income	$ 66,292	$ 54,014	$ 53,887

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Balance at Jan. 31, 2015	$ 290,605	$ 16,478	$ 119,052	$ 185,229	$ (30,154)
Increase (Decrease) in Stockholders' Equity
Net earnings and other comprehensive income	53,887	0	0	30,562	23,325
Shares issued under stock plans, net of tax benefit of $6.1 million for FY 2013, $0.1 million for FY 2014, and $0.1 million for FY 2015	1,307	123	1,184	0	0
Compensation expense for equity awards	5,241	0	5,241	0	0
Cash dividends declared and paid	(16,640)	0	0	(16,640)	0
Balance at Jan. 30, 2016	334,400	16,601	125,477	199,151	(6,829)
Increase (Decrease) in Stockholders' Equity
Net earnings and other comprehensive income	54,014	0	0	52,461	1,553
Shares issued under stock plans, net of tax benefit of $6.1 million for FY 2013, $0.1 million for FY 2014, and $0.1 million for FY 2015	1,257	196	1,061	0	0
Compensation expense for equity awards	6,445	0	6,445	0	0
Repurchase of shares	(1,867)	(28)	(1,839)	0	0
Cash dividends declared and paid	(18,119)	0	0	(18,119)	0
Balance at Jan. 28, 2017	376,130	16,769	131,144	233,493	(5,276)
Increase (Decrease) in Stockholders' Equity
Net earnings and other comprehensive income	66,292	0	0	65,090	1,202
Shares issued under stock plans, net of tax benefit of $6.1 million for FY 2013, $0.1 million for FY 2014, and $0.1 million for FY 2015	1,383	110	1,273	0	0
Compensation expense for equity awards	6,413	0	6,413	0	0
Repurchase of shares	(2,206)	(40)	(2,166)	0	0
Cash dividends declared and paid	(18,188)	0	0	(18,188)	0
Balance at Feb. 03, 2018	$ 429,824	$ 16,839	$ 136,664	$ 280,395	$ (4,074)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Statement of Cash Flows [Abstract]
Net earnings	$ 65,090	$ 52,461	$ 30,562
Adjustments to reconcile net earnings to cash provided by operating activities:
Depreciation	39,998	40,069	34,476
Amortization of intangible assets	2,404	2,150	1,951
Equity compensation expense	6,413	6,445	5,241
Amortization of deferred financing costs	431	693	385
Loss on sale of discontinued operations	0	0	20,517
Gain on sale of property and equipment	0	0	(853)
Deferred income taxes	1,817	7,880	(361)
Changes in working capital, net of acquisitions and dispositions, if any:
Receivables, net	(8,270)	7,377	11,371
Inventories, net	19,504	4,222	(8,058)
Prepaid expenses	(10,479)	(1,799)	(2,641)
Current liabilities	1,287	434	(553)
Other non-current assets, net	(642)	(2,086)	1,819
Other non-current liabilities	1,040	719	11,517
Cash provided by operating activities	118,593	118,565	105,373
Cash Flows From Investing Activities:
Acquisitions, net of cash acquired	(15,529)	(95,046)	0
Purchases of property and equipment	(38,748)	(49,415)	(73,082)
(Payments for) proceeds from sale of discontinued operations	0	(2,030)	59,336
Other investing activities	0	0	(200)
Cash used in investing activities	(54,277)	(146,491)	(13,946)
Cash Flows From Financing Activities:
Repayment of revolving credit arrangements	(295,326)	(430,995)	(345,485)
Proceeds from revolving credit arrangements	249,625	478,529	281,852
Deferred financing costs paid	0	(1,438)	0
Payment of contingent consideration amounts earned	0	0	(12,500)
Proceeds from issuance of common stock	1,383	1,257	1,307
Repurchase of stock awards for employee tax withholding liabilities	(2,206)	(1,867)	0
Cash dividends declared and paid	(18,188)	(18,119)	(16,640)
Cash (used in) provided by financing activities	(64,712)	27,367	(91,466)
Net change in cash and cash equivalents	(396)	(559)	(39)
Effect of foreign currency translation on cash and cash equivalents	407	568	1,081
Cash and cash equivalents at the beginning of year	6,332	6,323	5,281
Cash and cash equivalents at the end of year	6,343	6,332	6,323
Supplemental disclosure of cash flow information:
Cash paid for interest, net	2,773	2,626	2,301
Cash paid for income taxes	$ 20,653	$ 29,872	$ 35,369

Summary of Significant Accounting Policies

12 Months Ended

Feb. 03, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Principal Business Activity

We are a global apparel company that designs, sources, markets and distributes products bearing the trademarks of our Tommy Bahama®, Lilly Pulitzer® and Southern Tide® lifestyle brands, other owned brands and licensed brands as well as private label apparel products. We distribute our owned lifestyle branded products through our direct to consumer channel, consisting of retail stores and e-commerce sites, and our wholesale distribution channel, which includes better department stores, specialty stores and multi-branded e-commerce retailers. Additionally, we operate Tommy Bahama restaurants, generally adjacent to selected Tommy Bahama retail stores. Our branded and private label apparel products of Lanier Apparel are distributed through department stores, national chains, warehouse clubs, specialty stores, specialty catalogs, and multi-branded e-commerce retailers.

Unless otherwise indicated, all references to assets, liabilities, revenues and expenses in our consolidated financial statements reflect continuing operations and exclude any amounts related to the discontinued operations of our former Ben Sherman operating group, as discussed in Note 13.

Fiscal Year

We operate and report on a 52/53 week fiscal year. Our fiscal year ends on the Saturday closest to January 31. As used in our consolidated financial statements, the terms Fiscal 2015, Fiscal 2016, Fiscal 2017 and Fiscal 2018 reflect the 52 weeks ended January 30, 2016; 52 weeks ended January 28, 2017; 53 weeks ended February 3, 2018 and 52 weeks ending February 2, 2019, respectively.

Principles of Consolidation

Our consolidated financial statements include the accounts of Oxford Industries, Inc. and any other entities in which we have a controlling financial interest, including our wholly-owned domestic and foreign subsidiaries, or variable interest entities for which we are the primary beneficiary. Generally, we consolidate businesses that we control through ownership of a majority voting interest. However, there are situations in which consolidation is required even though the usual condition of consolidation (ownership of a majority voting interest) does not apply. In determining whether a controlling financial interest exists, we consider ownership of voting interests, as well as other rights of the investors which might indicate which investor is the primary beneficiary. The primary beneficiary has both the power to direct the activities of the entity that most significantly impact the entity's economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the entity.

We account for investments in which we exercise significant influence, but do not control via voting rights and were determined to not be the primary beneficiary, using the equity method of accounting. Generally, we determine that we exercise significant influence over a corporation or a limited liability company when we own 20% or more or 3% or more, respectively, of the voting interests unless the facts and circumstances of that investment do not indicate that we have the ability to exhibit significant influence. Under the equity method of accounting, original investments are recorded at cost, and are subsequently adjusted for our contributions to, distributions from and share of income or losses of the entity. Our investments accounted for using the equity method of accounting are included in other non-current assets in our consolidated balance sheets, while the income or loss related to our investments accounted for using the equity method of accounting is included in royalties and other operating income in our consolidated statements of operations.

All significant intercompany accounts and transactions are eliminated in consolidation.

Business Combinations

The cost of each acquired business is allocated to the individual tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. The assessment of the estimated fair values of assets and liabilities acquired requires us to make certain assumptions regarding the use of the acquired assets, anticipated cash flows, probabilities of cash flows, discount rates and other factors. The purchase price allocation may be revised during an allocation period as necessary when, and if, information becomes available to revise the fair values of the assets acquired and the liabilities assumed. The allocation period will not exceed one year from the date of the acquisition. Should information become available after the allocation period indicating that an adjustment to the purchase price allocation is appropriate, that adjustment will be included in our consolidated statements of operations. The results of operations of acquired businesses are included in our consolidated statements of operations from the respective dates of the acquisitions. Transaction costs related to business combinations are included in SG&A in our consolidated statements of operations as incurred. Refer to Note 12 for additional disclosures related to business combinations.

Revenue Recognition and Receivables

Our revenue consists of direct to consumer sales, including retail store, e-commerce and restaurant operations, and wholesale sales. We consider revenue realized or realizable and earned when the following criteria are met: (1) persuasive evidence of an agreement exists, (2) delivery has occurred, (3) our price to the buyer is fixed or determinable and (4) collectibility is reasonably assured. The table below quantifies the amount of sales by distribution channel (in thousands).



	Fiscal 2017		Fiscal 2016		Fiscal 2015
Retail	$	427,439	$	411,390	$	408,216
E-commerce	205,475		184,686		161,608
Restaurant	83,900		74,079		68,667
Wholesale	366,123		349,196		329,530
Other	3,274		3,237		1,269
Net sales	$	1,086,211	$	1,022,588	$	969,290

Our revenue, including any freight income, is recognized net of applicable taxes in our consolidated statements of operations. Retail store, e-commerce and restaurant revenues are recognized at the time of sale to consumers, which is at the time of purchase for retail and restaurant transactions and the time of delivery to consumers for e-commerce sales. Each of these types of transactions requires payment at the time of the transaction, which is typically made via a credit card and collected by us upon settlement of the credit card transaction within a few days. Retail store, e-commerce and restaurant revenues are recorded net of estimated returns and discounts, as applicable.

For sales within our wholesale operations, we consider a submitted purchase order or some form of electronic communication from the customer requesting shipment of the goods to be persuasive evidence of an agreement. For substantially all of our wholesale sales, our products are considered sold and delivered at the time of shipment from our distribution center. For certain transactions in which the goods do not pass through our owned or third party distribution centers and the title, risks and rewards of ownership transfer at the time the goods leave the foreign port, revenue is recognized at the foreign port.

In the ordinary course of business, we offer certain discounts or allowances to our wholesale customers. Wholesale sales are recorded net of such discounts and allowances, as well as cooperative advertising support for our customers, operational chargebacks and provisions for estimated returns. As certain allowances and other deductions are not finalized until the end of a season, program or other event which may not have occurred yet, we estimate such discounts and allowances on an ongoing basis. Significant considerations in determining our estimates for discounts, allowances, operational chargebacks and returns for wholesale customers may include historical and current trends, agreements with customers, projected seasonal results, an evaluation of current economic conditions, specific program or product expectations and retailer performance. We record the discounts, returns and allowances as a reduction to net sales in our consolidated statements of operations and a reduction to receivables, net in our consolidated balance sheets. As of February 3, 2018 and January 28, 2017, reserve balances related to these items were $6.5 million and $9.3 million, respectively.

We extend credit to certain wholesale customers based on an evaluation of the customer's financial capacity and condition, usually without requiring collateral. In circumstances where we become aware of a specific wholesale customer's inability to meet its financial obligations, a specific reserve for bad debt is taken as a reduction to accounts receivable to reduce the net recognized receivable to the amount reasonably expected to be collected. Such amounts are written off at the time that the amounts are not considered collectible. For all other wholesale customers, we recognize estimated reserves for bad debts based on our historical collection experience, the financial condition of our customers, an evaluation of current economic conditions and anticipated trends, each of which is subjective and requires certain assumptions. We include such charges and write-offs in SG&A in our consolidated statements of operations and as a reduction to receivables, net in our consolidated balance sheets. As of February 3, 2018 and January 28, 2017, bad debt reserve balances were $1.7 million and $0.8 million, respectively.

In addition to trade and other receivables, an income tax receivable of $5.3 million is included in receivables, net in our consolidated balance sheet as of February 3, 2018, with no material income tax receivable as of January 28, 2017.

Gift cards and merchandise credits issued by us are recorded as a liability until they are redeemed, at which point revenue is recognized. We recognize breakage income for gift cards and merchandise credits, subject to applicable laws in certain states, using the redemption recognition method or in some cases when we determine that the likelihood of the redemption of the gift cards and merchandise credits is remote. Deferred revenue for gift cards purchased by consumers and merchandise credits received by customers but not yet redeemed, less any breakage income recognized to date, is included in other accrued expenses and liabilities in our consolidated balance sheets and totaled $9.9 million and $9.5 million as of February 3, 2018 and January 28, 2017, respectively. Gift card breakage, which was not material in any period presented, is included in net sales in our consolidated statements of operations.

Royalties from the license of our owned brands, which are generally based on the greater of a percentage of the licensee's actual net sales or a contractually determined minimum royalty amount, are recorded based upon the guaranteed minimum levels and adjusted as sales data, or estimates thereof, is received from licensees. Amounts received as initial payments for the grant of license rights, if any, are recognized as revenue over the term of the license agreement. Royalty income was $13.5 million, $14.0 million and $14.2 million during Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively, and is included in royalties and other operating income in our consolidated statements of operations.

Cost of Goods Sold

We include in cost of goods sold all sourcing and procurement costs and expenses incurred prior to or in association with the receipt of finished goods at our distribution facilities, as well as freight from our warehouse to our own retail stores, wholesale customers and e-commerce consumers. The costs prior to receipt at our distribution facilities include product cost, inbound freight charges, import costs, purchasing costs, internal transfer costs, direct labor, manufacturing overhead, insurance, duties, brokers' fees, consolidators' fees and depreciation and amortization expense associated with our manufacturing, sourcing and procurement operations. We generally classify amounts billed to customers for freight in net sales, and classify freight costs in cost of goods sold in our consolidated statements of operations. Our gross margins may not be directly comparable to those of our competitors, as statement of operations classifications of certain expenses may vary by company.

SG&A

We include in SG&A costs incurred subsequent to the receipt of finished goods at our distribution facilities, such as the cost of inspection, stocking, warehousing, picking and packing, and all costs associated with the operations of our retail stores, e-commerce sites, restaurants and concessions, such as labor, occupancy costs, store and restaurant pre-opening costs (including rent, marketing, store set-up costs and training expenses) and other fees. SG&A also includes product design costs, selling costs, royalty costs, advertising, promotion and marketing expenses, professional fees, other general and administrative expenses, our corporate overhead costs and amortization of intangible assets.

Distribution network costs, including costs associated with preparing goods to ship to customers and our costs to operate our distribution facilities, are included as a component of SG&A. We consider distribution network costs to be the costs associated with operating our distribution centers, as well as the costs paid to third parties who perform those services for us. In Fiscal 2017, Fiscal 2016 and Fiscal 2015, distribution network costs included in SG&A totaled $25.0 million, $23.6 million and $21.6 million, respectively.

All costs associated with advertising, promotion and marketing of our products are expensed during the period when the advertisement is first shown. Costs associated with cooperative advertising programs under which we agree to make general contributions to our wholesale customers' advertising and promotional funds are generally recorded as a reduction to net sales as recognized. Advertising, promotion and marketing expenses recognized in SG&A, including employment costs for our advertising and marketing employees, for Fiscal 2017, Fiscal 2016 and Fiscal 2015 were $55.2 million, $53.0 million and $46.0 million, respectively. Prepaid advertising, promotion and marketing expenses included in prepaid expenses in our consolidated balance sheets as of February 3, 2018 and January 28, 2017 were $8.6 million and $3.7 million, respectively.

Royalties related to our license of third party brands, which are generally based on the greater of a percentage of our actual net sales for the brand or a contractually determined minimum royalty amount, are recorded based upon the guaranteed minimum levels and adjusted based on net sales of the branded products, as appropriate. In some cases, we may be required to make certain up-front payments for the license rights, which are deferred and recognized as royalty expense over the term of the license agreement. Royalty expenses recognized as SG&A in Fiscal 2017, Fiscal 2016 and Fiscal 2015 were $6.0 million, $4.8 million and $4.6 million, respectively.

Cash and Cash Equivalents

We consider cash equivalents to be short-term investments with original maturities of three months or less for purposes of our consolidated statements of cash flows.

Inventories, net

Substantially all of our inventories are finished goods inventories of apparel, accessories, footwear and related products. Inventories are valued at the lower of cost or market.

For operating group reporting, inventory is carried at the lower of FIFO cost or market. We continually evaluate the composition of our inventories for identification of distressed inventory. In performing this evaluation, we consider slow-turning products, an indication of lack of consumer acceptance of particular products, prior-seasons' fashion products, broken assortments, and current levels of replenishment program products as compared to expected sales. We estimate the amount of goods that we will not be able to sell in the normal course of business and write down the value of these goods as necessary. As the amount to be ultimately realized for the goods is not necessarily known at period end, we must utilize certain assumptions considering historical experience, inventory quantity, quality, age and mix, historical sales trends, future sales projections, consumer and retailer preferences, market trends, general economic conditions and our plans to sell the inventory. Also, we provide an allowance for shrinkage, as appropriate, for the period between the last physical inventory count and each balance sheet date.

For consolidated financial reporting, as of February 3, 2018 and January 28, 2017, $118.0 million, or 93%, and $133.8 million, or 94%, of our inventories were valued at the lower of the LIFO cost or market after deducting our LIFO reserve. The remaining $8.8 million and $8.4 million of our inventories were valued at the lower of FIFO cost or market as of February 3, 2018 and January 28, 2017, respectively. Generally, inventories of our domestic operations are valued at the lower of LIFO cost or market, and our inventories of our international operations are valued at the lower of FIFO cost or market. LIFO reserves are based on the Producer Price Index as published by the United States Department of Labor. We write down inventories valued at the lower of LIFO cost or market when LIFO cost exceeds market value. We deem LIFO accounting adjustments to not only include changes in the LIFO reserve, but also changes in markdown reserves which are considered in LIFO accounting. As our LIFO inventory pool does not correspond to our operating group definitions, LIFO inventory accounting adjustments are not allocated to the respective operating groups. Thus, the impact of accounting for inventories on the LIFO method is reflected in Corporate and Other for operating group reporting purposes included in Note 2.

There were no LIFO inventory layer liquidations that had a material impact on our net earnings in Fiscal 2017, Fiscal 2016 or Fiscal 2015. As of February 3, 2018 and January 28, 2017, the LIFO reserves included in our consolidated balance sheets were $61.5 million and $58.0 million, respectively.

Accounting for business combinations requires that assets and liabilities, including inventories, are recorded at fair value at acquisition. In accordance with GAAP, the definition of fair value of inventories acquired generally will equal the expected sales price less certain costs associated with selling the inventory, which may exceed the actual cost of the acquired inventories.

Property and Equipment, net

Property and equipment, including leasehold improvements that are reimbursed by landlords as a tenant improvement allowance and assets under capital leases, if any, is carried at cost less accumulated depreciation. Additions are capitalized while repair and maintenance costs are charged to our consolidated statements of operations as incurred. Depreciation is calculated using both straight-line and accelerated methods generally over the estimated useful lives of the assets as follows:



Leasehold improvements		Lesser of remaining life of the asset or lease term
Furniture, fixtures, equipment and technology		2 – 15 years
Buildings and improvements		7 – 40 years

Property and equipment is reviewed periodically for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Events that would typically result in such an assessment would include a change in the estimated useful life of the assets, including a change in our plans of the anticipated period of operating a leased retail store or restaurant location, the discontinued use of an asset and other factors. This review includes the evaluation of any under-performing stores and assessing the recoverability of the carrying value of the assets related to the store. We calculate the fair value of long-lived assets using the age-life method. If the estimated fair value is less than the carrying amount of the asset, an asset is determined to be impaired and a loss is recorded for the amount by which the carrying value of the asset exceeds its fair value.

Substantially all of our depreciation expense is included in SG&A in our consolidated statements of operations, with the only depreciation included elsewhere within our consolidated statements of operations reflecting depreciation associated with our manufacturing, sourcing and procurement processes, which is included in cost of goods sold. During Fiscal 2017 and Fiscal 2016, $0.9 million and $1.9 million, respectively, of property and equipment impairment charges were recognized in SG&A primarily related to retail store assets and information technology assets. No material impairment of fixed assets was recognized in Fiscal 2015. Depreciation expense as disclosed in our consolidated statements of cash flows and Note 2 includes fixed asset impairment charges.

Intangible Assets

At acquisition, we estimate and record the fair value of purchased intangible assets, which primarily consist of trademarks, reacquired rights and customer relationships. The fair values and useful lives of these intangible assets are estimated based on our assessment as well as independent third party appraisals in some cases. Such valuations, which are dependent upon a number of uncertain factors, may include a discounted cash flow analysis of anticipated revenues and expenses or cost savings resulting from the acquired intangible asset using an estimate of a risk-adjusted market-based cost of capital as the discount rate. Any costs associated with extending or renewing recognized intangible assets are generally expensed as incurred.

Intangible assets with indefinite lives, which consist of our Tommy Bahama, Lilly Pulitzer and Southern Tide trademarks, are not amortized but instead evaluated for impairment annually or more frequently if events or circumstances indicate that the intangible asset might be impaired. The evaluation of the recoverability of trademarks with indefinite lives includes valuations based on a discounted cash flow analysis utilizing the relief from royalty method, among other considerations. Like the initial valuation, the evaluation of recoverability is dependent upon a number of uncertain factors which require certain assumptions to be made by us, including estimates of net sales, royalty income, operating income, growth rates, royalty rates for the trademark, discount rates and income tax rates, among other factors. If an annual or interim analysis indicates an impairment of a trademark with an indefinite useful life, the amount of the impairment is recognized in our consolidated financial statements based on the amount that the carrying value exceeds the estimated fair value of the asset.

We have the option to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test. We also have the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. Bypassing the qualitative assessment in any period does not prohibit us from performing the qualitative assessment in any subsequent period.

We test, either quantitatively or qualitatively, intangible assets with indefinite lives for impairment as of the first day of the fourth quarter of our fiscal year, or at an interim date if indicators of impairment exist at that date. No impairment of intangible assets with indefinite lives was recognized during any period presented.

We recognize amortization of intangible assets with finite lives, which primarily consist of certain trademarks, including Beaufort Bonnet and Lanier Apparel's owned brands, reacquired rights and customer relationships, over the estimated useful lives of the intangible assets using the straight line method or a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise realized. Certain of our intangible assets with finite lives may be amortized over periods of up to 20 years in some cases. The determination of an appropriate useful life for amortization considers our plans for the intangible assets, the remaining contractual period of the reacquired right, and factors outside of our control, including expected customer attrition. Amortization of intangible assets is included in SG&A in our consolidated statements of operations. Intangible assets with finite lives are reviewed for impairment periodically if events or changes in circumstances indicate that the carrying amount may not be recoverable. If expected future discounted cash flows resulting from the intangible assets are less than their carrying amounts, an asset is determined to be impaired and a loss is recorded for the amount by which the carrying value of the asset exceeds its fair value. No impairment of intangible assets with finite lives was recognized during any period presented.

Goodwill, net

Goodwill is recognized as the amount by which the cost to acquire a company or group of assets exceeds the fair value of tangible and intangible assets acquired less any liabilities assumed at acquisition. Thus, the amount of goodwill recognized in connection with a business combination is dependent upon the fair values assigned to the individual assets acquired and liabilities assumed in a business combination. Goodwill is allocated to the respective reporting unit at the time of acquisition. Goodwill is not amortized but instead is evaluated for impairment annually or more frequently if events or circumstances indicate that the goodwill might be impaired.

We test, either qualitatively or quantitatively, goodwill for impairment as of the first day of the fourth quarter of our fiscal year or when impairment indicators exist. The qualitative factors that we use to determine the likelihood of goodwill impairment, as well as to determine if an interim test is appropriate, include: (a) macroeconomic conditions, (b) industry and market considerations, (c) cost factors, (d) overall financial performance, (e) other relevant entity-specific events, (f) events affecting a reporting unit, (g) a sustained decrease in share price, or (h) other factors as appropriate. In the event we determine that we will bypass the qualitative impairment option or if we determine that a quantitative test is appropriate, the quantitative test includes valuations of each applicable underlying business using fair value techniques and market comparables, which may include a discounted cash flow analysis or an independent appraisal. Significant estimates, some of which may be very subjective, considered in such a discounted cash flow analysis are future cash flow projections of the business, an estimate of the risk-adjusted market-based cost of capital as the discount rate, income tax rates and other assumptions. The estimates and assumptions included in the evaluation of the recoverability of goodwill involve significant uncertainty, and if our plans or anticipated results change, the impact on our financial statements could be significant.

If an annual or interim analysis indicates an impairment of goodwill balances, the impairment is recognized in our consolidated financial statements. No impairment of goodwill was recognized during any period presented.

Prepaid Expenses and Other Non-Current Assets, net

Amounts included in prepaid expenses primarily consist of prepaid operating expenses, including advertising, rent, taxes, maintenance and other services contracts, royalties, insurance, samples and retail supplies. Other non-current assets primarily consist of assets set aside for potential deferred compensation liabilities related to our deferred compensation plan as discussed below, assets related to certain investments in officers' life insurance policies, security deposits, investments in unconsolidated entities and deferred financing costs related to our revolving credit agreement.

Officers' life insurance policies that are owned by us, substantially all of which are included in other non-current assets, net, are recorded at their cash surrender value, less any outstanding loans associated with the life insurance policies that are payable to the life insurance company with which the policy is outstanding. As of February 3, 2018 and January 28, 2017, officers' life insurance policies, net, recorded in our consolidated balance sheets totaled $5.3 million and $5.1 million, respectively.

Deferred financing costs for our revolving credit agreements are included in other non-current assets, net in our consolidated financial statements. Deferred financing costs are amortized on a straight-line basis, which approximates the effective interest method over the term of the related debt. Amortization expense and write-off of deferred financing costs, which are included in interest expense in our consolidated statements of operations, was $0.4 million, $0.7 million and $0.4 million during Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively. Unamortized deferred financing costs included in other non-current assets, net totaled $1.4 million and $1.8 million at February 3, 2018 and January 28, 2017, respectively.

Deferred Compensation

We have a non-qualified deferred compensation plan offered to a select group of highly compensated employees and our non-employee directors. The plan provides participants with the opportunity to defer a portion of their cash compensation in a given plan year, of which a percentage may be matched by us in accordance with the terms of the plan. We make contributions to rabbi trusts or other investments to provide a source of funds for satisfying these deferred compensation liabilities. Investments held for our deferred compensation plan consist of insurance contracts and are recorded based on valuations which generally incorporate unobservable factors. A change in the value of the underlying assets would substantially be offset by a change in the liability to the participant resulting in an immaterial net impact on our consolidated financial statements. These securities approximate the participant-directed investment selections underlying the deferred compensation liabilities.

The total value of the assets set aside for potential deferred compensation liabilities, substantially all of which are included in other non-current assets, net, as of February 3, 2018 and January 28, 2017 was $12.5 million and $11.0 million, respectively, substantially all of which are held in a rabbi trust. Substantially all the assets set aside for potential deferred compensation liabilities are life insurance policies recorded at their cash surrender value, less any outstanding loans associated with the life insurance policies that are payable to the life insurance company with which the policy is outstanding. The liabilities associated with the non-qualified deferred compensation plan are included in other non-current liabilities in our consolidated balance sheets and totaled $12.2 million and $10.9 million at February 3, 2018 and January 28, 2017, respectively.

Accounts Payable, Accrued Compensation and Other Accrued Expenses and Liabilities

Liabilities for accounts payable, accrued compensation and other accrued expenses and liabilities are carried at cost, which reflects the fair value of the consideration expected to be paid in the future for goods and services received, whether or not billed to us. Accruals for employee insurance and workers' compensation, which are included in other accrued expenses and liabilities in our consolidated balance sheets, include estimated settlements for known claims, as well as accruals for estimates of incurred but not reported claims based on our claims experience and statistical trends.

Legal and Other Contingencies

We are subject to certain claims and assessments in the ordinary course of business. The claims and assessments may relate, among other things, to disputes about intellectual property, real estate and contracts, as well as labor, employment, environmental, customs and tax matters. For those matters where it is probable that we have incurred a loss and the loss, or range of loss, can be reasonably estimated, we have recorded reserves in other accrued expenses and liabilities or other non-current liabilities in our consolidated financial statements for the estimated loss and related expenses, such as legal fees. In other instances, because of the uncertainties related to both the probable outcome or amount or range of loss, we are unable to make a reasonable estimate of a liability, if any, and therefore have not recorded a reserve. As additional information becomes available or as circumstances change, we adjust our assessment and estimates of such liabilities accordingly. Additionally, for any potential gain contingencies, we do not recognize the gain until the period that all contingencies have been resolved and the amounts are realizable. We believe the outcome of outstanding or pending matters, individually and in the aggregate, will not have a material impact on our consolidated financial statements, based on information currently available.

In connection with acquisitions, we may enter into contingent consideration arrangements, which provide for the payment of additional purchase consideration to the sellers if certain performance criteria are achieved during a specified period. We must recognize the fair value of the contingent consideration based on its estimated fair value at the date of acquisition. Such valuation requires assumptions regarding anticipated cash flows, probabilities of cash flows, discount rates and other factors. Each of these assumptions may involve a significant amount of uncertainty. Subsequent to the date of acquisition, we must periodically adjust the liability for the contingent consideration to reflect the fair value of the contingent consideration by reassessing our valuation assumptions as of that date. A change in assumptions related to contingent consideration amounts could have a material impact on our consolidated financial statements. Any change in the fair value of the contingent consideration is recognized in SG&A in our consolidated statements of operations.

Other Non-current Liabilities

Amounts included in other non-current liabilities primarily consist of deferred rent related to our operating lease agreements as discussed below and deferred compensation as discussed above.

Leases

In the ordinary course of business, we enter into lease agreements for retail, restaurant, office and warehouse/distribution space, as well as leases for certain equipment. The leases have varying terms and expirations and frequently have provisions to extend, renew or terminate the lease agreement, among other terms and conditions. We assess the lease at inception and determine whether the lease qualifies as a capital or operating lease. Assets leased under operating leases are not recognized as assets and liabilities in our consolidated balance sheets.

When a non-cancelable operating lease includes fixed escalation clauses, lease incentives for rent holidays or landlord build-out-related allowances, rent expense is generally recognized on a straight-line basis over the initial term of the lease from the date that we take possession of the space and does not assume that any termination options included in the lease will be exercised. The amount by which rents payable under the lease differs from the amount recognized on a straight-line basis is recorded in other non-current liabilities in our consolidated balance sheets, except for certain amounts recorded in other accrued expenses and liabilities. Deferred rent, including amounts in non-current and current liabilities, as of February 3, 2018 and January 28, 2017 was $61.4 million and $57.3 million, respectively. Contingent rents, including those based on a percentage of retail sales over stated levels, and rental payment increases based on a contingent future event are recognized as the expense is incurred.

If we vacate leased space and determine that we do not plan to use the space in the future, we recognize a loss for any future rent payments, less any anticipated future sublease income and adjusted for any deferred rent amounts included in our consolidated balance sheet on that date. Additionally, for any lease that we terminate and agree to a lease termination payment, we recognize in SG&A in our consolidated statements of operations a loss for the lease termination payment at the time of the agreement.

Foreign Currency Transactions and Translation

We are exposed to foreign currency exchange risk when we generate net sales or incur expenses in currencies other than the functional currency of the respective operations. The resulting assets and liabilities denominated in amounts other than the respective functional currency are re-measured into the respective functional currency at the rate of exchange in effect on the balance sheet date, and income and expenses are re-measured at the average rates of exchange prevailing during the relevant period. The impact of any such re-measurement is recognized in our consolidated statements of operations in that period. Net gains (losses) related to foreign currency transactions recognized in Fiscal 2017, Fiscal 2016 and Fiscal 2015 were not material to our consolidated financial statements.

Additionally, the financial statements of our operations for which the functional currency is a currency other than the U.S. dollar are translated into U.S. dollars at the rate of exchange in effect on the balance sheet date for the balance sheet and at the average rates of exchange prevailing during the relevant period for the statements of operations. The impact of such translation is recognized in accumulated other comprehensive income (loss) in our consolidated balance sheets and included in other comprehensive income (loss) in our consolidated statements of comprehensive income resulting in no impact on net earnings for the relevant period.

Derivative Financial Instruments

Derivative financial instruments, if any, are measured at their fair values in our consolidated balance sheets. Fair values of any derivative financial instruments are determined by us based on dealer quotes or other valuation methods, which may be based on a variety of factors including observable and unobservable inputs. Unrealized gains and losses are recognized as prepaid expenses or accrued expenses, respectively. The accounting for changes in the fair value of derivative instruments depends on whether the derivative has been designated and qualifies for hedge accounting. The criteria used to determine if a derivative financial instrument qualifies for hedge accounting treatment are whether an appropriate hedging instrument has been identified and designated to reduce a specific exposure and whether there is a high correlation between changes in the fair value of the hedging instrument and the identified exposure based on the nature of the hedging relationship. Based on the nature of the hedging relationship, a qualifying derivative is designated for accounting purposes as a fair value hedge, a cash flow hedge or a hedge of a net investment in a foreign business.

We may formally document hedging instruments and hedging relationships at the inception of each contract. Further, we assess both at the inception of a contract and on an ongoing basis whether the hedging instrument is effective in offsetting the risk of the hedged transaction. For any derivative financial instrument that is designated and qualifies for hedge accounting treatment and has not been settled as of period-end, the unrealized gains (losses) on the outstanding derivative financial instrument is recognized, to the extent the hedge relationship has been effective, as a component of comprehensive income in our consolidated statements of comprehensive income and accumulated other comprehensive income (loss) in our consolidated balance sheets. For any financial instrument that is not designated as a hedge for accounting purposes, or for any ineffective portion of a hedge, the unrealized gains (losses) on the outstanding derivative financial instrument is included in net earnings. Cash flows related to hedging transactions are classified in our consolidated statements of cash flows and consolidated statements of operations in the same category as the items hedged. We do not use derivative financial instruments for trading or speculative purposes.

Foreign Currency Risk Management

As of February 3, 2018, our foreign currency exchange risk exposure primarily results from our businesses operating outside of the United States, which are primarily related to (1) our Tommy Bahama operations in Canada, Australia and Japan purchasing goods in U.S. dollars or other currencies which are not the functional currency of the business and (2) certain other transactions, including intercompany transactions. We may enter into short-term forward foreign currency exchange contracts in the ordinary course of business to mitigate a portion of the risk associated with foreign currency exchange rate fluctuations related to purchases of inventory or selling goods in currencies other than the functional currencies by certain of our foreign operations. As of February 3, 2018, we were not a party to any forward foreign currency exchange contracts.

Interest Rate Risk Management

As of February 3, 2018, we are exposed to market risk from changes in interest rates on our variable-rate indebtedness under our U.S. Revolving Credit Agreement. We may attempt to limit the impact of interest rate changes on earnings and cash flow, primarily through a mix of variable-rate and fixed-rate debt, although at times all of our debt may be either variable-rate or fixed-rate debt. At times we may enter into interest rate swap arrangements related to certain of our variable-rate debt in order to fix the interest rate if we determine that our exposure to interest rate changes is higher than optimal. Our assessment also considers our need for flexibility in our borrowing arrangements resulting from the seasonality of our business, anticipated future cash flows and our expectations about the risk of future interest rate changes, among other factors. We continuously monitor interest rates to consider the sources and terms of our borrowing facilities to determine whether we have achieved our interest rate management objectives. As of February 3, 2018, we do not have any interest rate swap agreements, thus all of our debt is variable-rate debt with exposure to changes in interest rates.

Fair Value Measurements

Fair value, in accordance with GAAP, is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. Valuation techniques include the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). These valuation techniques may be based upon observable and unobservable inputs. The three levels of inputs used to measure fair value pursuant to the guidance are as follows:


•	Level 1—Quoted prices in active markets for identical assets or liabilities.


•	Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.


•	Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities, which includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

Our financial instruments consist primarily of our cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and debt. Given their short-term nature, the carrying amounts of cash and cash equivalents, receivables, accounts payable and accrued expenses generally approximate their fair values. Additionally, we believe the carrying amounts of our variable-rate borrowings approximate fair value. Additionally, we have determined that our property and equipment, intangible assets and goodwill, for which the book values are disclosed in Notes 3 and 4, are non-financial assets measured at fair value on a non-recurring basis. We have determined that our approaches for determining fair values of our property and equipment, intangible assets and goodwill generally are based on Level 3 inputs. Additionally, for contingent consideration fair value amounts, we have determined that our approaches for determining fair value are generally based on Level 3 inputs.

Equity Compensation

We have certain equity compensation plans as described in Note 7, which provide for the ability to grant restricted shares, restricted share units, options and other equity awards to our employees and non-employee directors. We recognize equity awards to employees and non-employee directors in SG&A in our consolidated statements of operations based on their fair values on the grant date. The fair values of restricted shares and restricted share units are determined based on the fair value of our common stock on the grant date, regardless of whether the awards are performance or service based.

Using the fair value method, compensation expense, with a corresponding entry to additional paid-in capital, is recognized related to the equity awards over the specified service and performance period, as applicable. For awards with specified service requirements, the fair value of the equity awards granted to employees is recognized over the respective service period. For performance-based awards, during the performance period we assess expected performance versus the predetermined performance goals and adjust the cumulative equity compensation expense to reflect the relative expected performance achievement. The equity compensation expense is recognized on a straight-line basis over the aggregate performance period and any additional required service period. No estimate of future stock award forfeitures is considered in our calculation of compensation expense as the impact of forfeitures on compensation expense is recognized at the time of forfeit.

Comprehensive Income and Accumulated Other Comprehensive Loss

Comprehensive income consists of net earnings and specified components of other comprehensive income (loss). Other comprehensive income includes changes in assets and liabilities that are not included in net earnings pursuant to GAAP, such as foreign currency translation adjustments and the net unrealized gain (loss) associated with cash flow hedges which qualify for hedge accounting, if any. These amounts of other comprehensive income (loss) are deferred in accumulated other comprehensive loss, which is included in shareholders' equity in our consolidated balance sheets.

Dividends

Dividends are accrued at the time declared by our Board of Directors and typically paid within the same fiscal quarter.

Concentration of Credit Risk and Significant Customers

We are exposed to concentrations of credit risk as a result of our receivables balances, for which the total exposure is limited to the amount recognized in our consolidated balance sheets. We sell our merchandise to customers operating in a number of retail distribution channels in the United States and other countries. We extend credit to certain wholesale customers based on an evaluation of the customer's credit history, financial capacity and condition, usually without requiring collateral. Credit risk is impacted by conditions or occurrences within the economy and the retail industry and is principally dependent on each customer's financial condition. Additionally, a decision by the controlling owner of a group of stores or any significant customer to decrease the amount of merchandise purchased from us or to cease carrying our products could have an adverse effect on our results of operations in future periods. No individual customer represented greater than 10% of our consolidated net sales in Fiscal 2017, Fiscal 2016 or Fiscal 2015. As of February 3, 2018, two customers each represented 12% of our receivables included in our consolidated balance sheet.

Income Taxes

Income taxes included in our consolidated financial statements are determined using the asset and liability method. Under this method, income taxes are recognized based on amounts of income taxes payable or refundable in the current year as well as the impact of any items that are recognized in different periods for consolidated financial statement reporting and tax return reporting purposes. Prepaid income taxes and income taxes payable are recognized in prepaid expenses and other accrued expenses and liabilities, respectively, in our consolidated balance sheets. As certain amounts are recognized in different periods for consolidated financial statement and tax return reporting purposes, financial statement and tax bases of assets and liabilities differ, resulting in the recognition of deferred tax assets and liabilities. The deferred tax assets and liabilities reflect the estimated future tax effects attributable to these differences, as well as the impact of net operating loss, capital loss and federal and state credit carry-forwards, each as determined under enacted tax laws and rates expected to apply in the period in which such amounts are expected to be realized or settled.

We recognize deferred tax assets to the extent we believe it is more likely than not that these assets will be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, taxable income in carryback years, tax-planning strategies, and results of recent operations. Valuation allowances are established when we determine that it is more-likely-than-not that some portion or all of a deferred tax asset will not be realized.

Valuation allowances are analyzed periodically and adjusted as events occur or circumstances change that would indicate adjustments to the valuation allowances are appropriate. If we determine that we are more likely than not to realize our deferred tax assets in the future in excess of their net recorded amount, we will reduce the deferred tax asset valuation allowance, which will reduce income tax expense. As realization of deferred tax assets and liabilities is dependent upon future taxable income in specific jurisdictions, changes in tax laws and rates and shifts in the amount of taxable income among state and foreign jurisdictions may have a significant impact on the amount of benefit ultimately realized for deferred tax assets and liabilities. We account for the effect of changes in tax laws or rates in the period of enactment.

We utilize a two-step approach for evaluating uncertain tax positions. Under the two-step method, recognition occurs when we conclude that a tax position, based solely on technical merits, is more-likely-than-not to be sustained upon examination. The second step, measurement, is only addressed if step one has been satisfied. The tax benefit recorded is measured as the largest amount of benefit determined on a cumulative probability basis that is more-likely-than-not to be realized upon ultimate settlement. Those tax positions failing to qualify for initial recognition are recognized in the first subsequent interim period they meet the more-likely-than-not threshold or are resolved through negotiation or litigation with the relevant taxing authority or upon expiration of the statute of limitations. Alternatively, de-recognition of a tax position that was previously recognized occurs when we subsequently determine that a tax position no longer meets the more-likely-than-not threshold of being sustained. Interest and penalties associated with unrecognized tax positions are recorded within income tax expense in our consolidated statements of operations. As of February 3, 2018 and January 28, 2017 and during Fiscal 2017, Fiscal 2016 and Fiscal 2015, we did not have any material unrecognized tax benefit amounts, including any related potential penalty or interest expense, or material changes in such amounts.

In the case of foreign subsidiaries there are certain exceptions to the requirement that deferred tax liabilities be recognized for the difference in the financial and tax bases of assets. When the financial basis of the investment in a foreign subsidiary, excluding undistributed earnings, exceeds the tax basis in such investment, the deferred liability is not recognized if management considers the investment to be essentially permanent in duration. Further, deferred tax liabilities are not required to be recognized for undistributed earnings of foreign subsidiaries when management considers those earnings to be permanently reinvested outside the United States. The Tax Cuts and Jobs Act ("U.S. Tax Reform") as enacted on December 22, 2017 changed the way federal tax is applied to distributions of earnings of foreign subsidiaries. Generally, the aggregate of all post-1986 accumulated undistributed earnings and profits of the of foreign subsidiaries as of November 2, 2017 or December 31, 2017 is, if positive, subject to a U.S. "transition tax”, and future distributions of foreign earnings will generally not be subject to federal tax. We have calculated the undistributed earnings of foreign subsidiaries as of the measurement dates and determined, on a provisional basis, that no transition tax will be due and accordingly have not recorded a transition tax amount in our Fiscal 2017 statement of operations. While future distributions of foreign subsidiary earnings are not subject to federal tax, there are other possible tax impacts, including state taxes and foreign withholding tax, that must be considered if the earnings are not considered to be permanently reinvested. Additionally, U.S. Tax Reform does not exempt from federal tax the gain realized upon the sale of a foreign subsidiary, and consideration must be given to the impact of differences in book and tax basis of foreign subsidiaries not arising from earnings when determining whether a liability must be recorded if the investment is not considered to be permanently reinvested. We consider substantially all of our investments in and undistributed earnings of our foreign subsidiaries to be permanently reinvested outside the United States as of February 3, 2018 and therefore have not recorded a deferred tax liability on these amounts in our consolidated financial statements. These assertions are made on a provisional basis, as we are still finalizing calculations related to the international provisions of U.S. Tax Reform that could impact the permanent investment analysis.

We generally receive a U.S. income tax benefit upon the vesting of shares granted to employees. The benefit is equal to the difference, multiplied by the appropriate tax rate, between the fair value of the share and the taxes payable by the employee at the time of vesting of a restricted share award. We record the tax benefit associated with the vesting of share awards granted to employees as a reduction to income taxes payable. Beginning in Fiscal 2016 upon the adoption of new guidance issued by the FASB in March 2016, all tax benefit or expense associated with the vesting of share awards granted to employees is recorded as a reduction to income taxes in our consolidated statements of operations. Prior to Fiscal 2016, to the extent the tax benefit related to the value of awards recognized as compensation expense in our financial statements, income tax expense was reduced, while any additional tax benefit was recorded directly to shareholders' equity in our consolidated balance sheets.

We file income tax returns in the United States and various state, local and foreign jurisdictions. Our federal, state, local and foreign income tax returns filed for years prior to Fiscal 2014, with limited exceptions, are no longer subject to examination by tax authorities.

Earnings (Loss) Per Share

Basic net earnings from continuing operations, net earnings from discontinued operations and net earnings per share are calculated by dividing the respective earnings amount by the weighted average shares outstanding during the period. Shares repurchased are removed from the weighted average number of shares outstanding upon repurchase and delivery.

Diluted net earnings from continuing operations, net earnings from discontinued operations and net earnings per share are calculated similarly to the amounts above, except that the weighted average shares outstanding in the diluted calculations also includes the potential dilution using the treasury stock method that could occur if dilutive securities, including restricted share awards, options or other dilutive awards, were converted to shares. The treasury stock method assumes that shares are issued for any restricted share awards, options or other dilutive awards that are "in the money," and that we use the proceeds received to repurchase shares at the average market value of our shares for the respective period. For purposes of the treasury stock method, proceeds consist of cash to be paid and future compensation expense to be recognized.

Use of Estimates

The preparation of our consolidated financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the amounts reported as assets, liabilities, revenues and expenses in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

Reclassifications

In order to conform to the Fiscal 2017 classification, certain gift with purchase amounts, totaling $2.5 million and $1.5 million previously reported as SG&A, have been reclassified to cost of goods sold for Fiscal 2016 and Fiscal 2015, respectively. This reclassification resulted in a decrease in SG&A and a corresponding increase in cost of goods sold in Fiscal 2016 and Fiscal 2015, with no impact on previously reported net earnings.

Accounting Standards Adopted in Fiscal 2017

In January 2017, the FASB issued guidance that provides a more narrow framework to be used in evaluating whether a set of assets and activities constitute a business. We adopted this guidance in the Second Quarter of Fiscal 2017. The adoption of this guidance did not have a material impact on our consolidated financial statements. The impact of the guidance in the future will depend on the facts and circumstances of any specific future transactions.

In January 2017, the FASB issued guidance on the subsequent measurement of goodwill by eliminating the second step from the quantitative goodwill impairment test. The single quantitative step test requires companies to compare the fair value of a reporting unit with its carrying amount and record an impairment charge for the amount that the carrying amount exceeds the fair value, up to the total amount of goodwill allocated to that reporting unit. We adopted this revised guidance in the Fourth Quarter of Fiscal 2017 in connection with our annual goodwill impairment testing. The adoption of the new guidance did not have an impact on our consolidated financial statements.

In May 2017, the FASB issued guidance that clarifies when changes to the terms and conditions of equity-based payment awards must be accounted for as modifications. Companies must apply the modification accounting guidance if the value, vesting conditions or classification of an award changes as a result of a modification. We adopted this guidance in the Fourth Quarter of Fiscal 2017. The adoption of the guidance did not have a material impact on our consolidated financial statements. The impact of the guidance on our results of operations, financial condition or cash flows in future periods will be dependent upon the terms and conditions of any modifications made to equity-based awards in the future.

Other recently issued guidance that was adopted in Fiscal 2017 did not have a material impact on our consolidated financial statements upon adoption.

Recently Issued Accounting Standards Applicable to Future Years

In May 2014, the FASB issued guidance which provides a single, comprehensive accounting model for revenue arising from contracts with customers. This guidance has been revised and clarified through supplemental adoption guidance subsequent to May 2014. This new revenue recognition guidance supersedes most of the existing revenue recognition guidance which specifies that revenue is recognized when risks and rewards transfer to a customer. Under the new guidance, revenue will be recognized at an amount that reflects the consideration to which we expect to be entitled for transferring goods to a customer pursuant to a five-step approach: (1) identify the contracts with the customer; (2) identify the separate performance obligations in the contracts; (3) determine the transaction price; (4) allocate the transaction price to separate performance obligations; and (5) recognize revenue when, or as, each performance obligation is satisfied. The new guidance also requires additional disclosures about the nature, timing and uncertainty of revenue and cash flow arising from customer contracts, including significant judgments and changes in judgments.

We will adopt the revised guidance for revenue recognition on the first day of Fiscal 2018 using the modified retrospective method of adoption. We have reviewed our revenue streams, including retail, e-commerce, restaurant, wholesale, gift card breakage and royalty income, to evaluate the potential impact of the adoption of the revised guidance on our consolidated financial statements. While we are substantially complete with the process of quantifying the impacts that will result from applying the new guidance, our assessment will be finalized during the First Quarter of Fiscal 2018. Adoption of this standard will result in a change to our revenue recognition policy, but the changes are not expected to result in a material change in the timing or amounts of revenue recognized, our financial position or cash flows.

In February 2016, the FASB issued revised guidance on leasing. The guidance will require companies to record substantially all leases as assets and liabilities on the balance sheet. For these leases, we will be required to recognize (1) a right to use asset which will represent our right to use, or control the use of, a specified asset for a lease term and (2) a lease liability equal to our obligation to make lease payments arising from a lease measured on a discounted basis. Additionally, we are evaluating the impact of the new guidance on our systems, processes and controls. This guidance will be effective in Fiscal 2019 with early adoption permitted. The guidance requires the use of the modified retrospective transition approach. We are currently in the process of evaluating the impact of the new guidance on our consolidated balance sheet, statement of operations and statement of cash flows. Considering the magnitude of our existing operating leases, we anticipate that the new lease guidance will have a significant impact on our consolidated balance sheet by requiring the recognition of a significant amount of lease-related assets and liabilities. As the impact of this guidance is non-cash in nature, we do not anticipate the adoption of the guidance will have an impact on our consolidated statement of cash flows.

In June 2016, the FASB issued guidance on the measurement of credit losses on financial instruments. This guidance amends the impairment model by requiring companies to use a forward-looking approach based on expected losses to estimate credit losses on certain financial instruments, including trade receivables. This guidance will be effective in Fiscal 2020 with early adoption permitted. We are currently assessing the impact that adopting this guidance will have on our consolidated financial statements.

In October 2016, the FASB issued guidance on the recognition of current and deferred income taxes for intra-entity asset transfers. The revised guidance requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset (other than inventory) when the transfer occurs. This guidance will be effective in Fiscal 2018 and requires the use of the modified retrospective method of adoption which results in a cumulative adjustment to retained earnings as of the beginning of the period of adoption. We are currently in the process of assessing the impact that adopting this guidance will have on our consolidated financial statements, but do not anticipate a material impact on our financial statements upon adoption.

Other recently issued guidance was assessed and determined to be either not applicable or expected to have a minimal impact on our consolidated financial statements upon adoption in the future.

Operating Groups

12 Months Ended

Feb. 03, 2018

Segment Reporting [Abstract]

Operating Groups

Our business is primarily operated through our Tommy Bahama, Lilly Pulitzer, Lanier Apparel and Southern Tide operating groups. We identify our operating groups based on the way our management organizes the components of our business for purposes of allocating resources and assessing performance. Our operating group structure reflects a brand-focused management approach, emphasizing operational coordination and resource allocation across each brand's direct to consumer, wholesale and licensing operations, as applicable.

Tommy Bahama, Lilly Pulitzer and Southern Tide each design, source, market and distribute apparel and related products bearing their respective trademarks and license their trademarks for other product categories, while Lanier Apparel designs, sources and distributes branded and private label men's tailored clothing, sportswear and other products. Corporate and Other is a reconciling category for reporting purposes and includes our corporate offices, substantially all financing activities, elimination of inter-segment sales, LIFO accounting adjustments for inventory, other costs that are not allocated to the operating groups and operations of our other businesses which are not included in our operating groups, including our Lyons, Georgia distribution center and Beaufort Bonnet operations, which was acquired in December 2017. Our LIFO inventory pool does not correspond to our operating group definitions; therefore, LIFO inventory accounting adjustments are not allocated to our operating groups.

The tables below present certain financial information (in thousands) about our operating groups, as well as Corporate and Other.



	Fiscal 2017			Fiscal 2016			Fiscal 2015
Net Sales
Tommy Bahama	$	686,021		$	658,911		$	658,467
Lilly Pulitzer	248,931			233,294			204,626
Lanier Apparel	106,852			100,753			105,106
Southern Tide	40,940			27,432			—
Corporate and Other	3,467			2,198			1,091
Total	$	1,086,211		$	1,022,588		$	969,290
Depreciation and Amortization of Intangible Assets
Tommy Bahama	$	30,998		$	31,796		$	28,103
Lilly Pulitzer	9,021			7,968			5,644
Lanier Apparel	583			478			456
Southern Tide	441			390			—
Corporate and Other	1,359			1,451			1,557
Total	$	42,402		$	42,083		$	35,760
Operating Income (Loss)
Tommy Bahama	$	55,002		$	44,101		$	65,993
Lilly Pulitzer	46,608			51,995			42,525
Lanier Apparel	6,546			6,955			7,700
Southern Tide	4,504			(282		)	—
Corporate and Other (1)	(26,660		)	(12,885		)	(18,704		)
Total Operating Income	86,000			89,884			97,514
Interest expense, net	3,109			3,421			2,458
Earnings Before Income Taxes	$	82,891		$	86,463		$	95,056
(1) Corporate and Other included a LIFO accounting charge of $7.8 million, a LIFO accounting credit of $5.9 million and a LIFO accounting charge of $0.3 million, in Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively.



	Fiscal 2017		Fiscal 2016		Fiscal 2015
Purchases of Property and Equipment
Tommy Bahama	$	24,962	$	34,191	$	54,490
Lilly Pulitzer	11,150		14,142		17,197
Lanier Apparel	305		295		206
Southern Tide	1,138		27		—
Corporate and Other	1,193		760		529
Total	$	38,748	$	49,415	$	72,422



	February 3, 2018			January 28, 2017
Total Assets
Tommy Bahama	$	439,871		$	451,990
Lilly Pulitzer	142,882			126,506
Lanier Apparel	31,575			30,269
Southern Tide	94,032			96,208
Corporate and Other (1)	(8,419		)	(19,814		)
Total	$	699,941		$	685,159
(1) Total assets for Corporate and Other include LIFO reserves of $61.5 million and $58.0 million as of February 3, 2018 and January 28, 2017, respectively.

Net book value of our property and equipment, by geographic area is presented below (in thousands):



	February 3, 2018		January 28, 2017
United States	$	187,109	$	186,549
Other foreign (1)	6,424		7,382
Total	$	193,533	$	193,931

(1) The net book value of our property and equipment outside of the United States primarily relates to property and equipment associated with our Tommy Bahama operations in Canada, Australia and Japan.

Net sales recognized by geographic area is presented below (in thousands):



	Fiscal 2017		Fiscal 2016		Fiscal 2015
United States	$	1,048,619	$	986,062	$	932,878
Other foreign (1)	37,592		36,526		36,412
Total	$	1,086,211	$	1,022,588	$	969,290

(1) The net sales outside of the United States primarily relates to our Tommy Bahama international retail operations in Canada, Australia and Japan.

Property and Equipment, Net

12 Months Ended

Feb. 03, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and equipment, carried at cost, is summarized as follows (in thousands):



	February 3, 2018			January 28, 2017
Land	$	3,166		$	3,166
Buildings and improvements	36,331			34,986
Furniture, fixtures, equipment and technology	205,854			185,498
Leasehold improvements	231,108			223,253
	476,459			446,903
Less accumulated depreciation and amortization	(282,926		)	(252,972		)
Property and equipment, net	$	193,533		$	193,931

Intangible Assets and Goodwill

12 Months Ended

Feb. 03, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible assets by category are summarized below (in thousands):



	February 3, 2018			January 28, 2017
Intangible assets with finite lives	$	52,470		$	46,030
Accumulated amortization	(38,612		)	(35,785		)
Total intangible assets with finite lives, net	13,858			10,245

Intangible assets with indefinite lives:
Trademarks	165,000			165,000
Total intangible assets, net	$	178,858		$	175,245

The changes in carrying amount of intangible assets, by operating group and in total, for Fiscal 2017, Fiscal 2016 and Fiscal 2015 are as follows (in thousands):



	Tommy Bahama			Lilly Pulitzer			Lanier Apparel			Southern Tide			Corporate and Other			Total
Balance, January 31, 2015	$	117,102		$	29,032		$	—		$	—		$	—		$	146,134
Amortization	(1,688		)	(238		)	—			—			—			(1,926		)
Other, including foreign currency	(470		)	—			—			—			—			(470		)
Balance, January 30, 2016	114,944			28,794			—			—			—			143,738
Acquisition	—			—			3,137			30,240			—			33,377
Amortization	(1,599		)	(199		)	(89		)	(263		)	—			(2,150		)
Other, including foreign currency	280			—			—			—			—			280
Balance, January 28, 2017	113,625			28,595			3,048			29,977			—			175,245
Acquisition	—			1,500			—			—			4,440			5,940
Amortization	(1,580		)	(346		)	(172		)	(288		)	(18		)	(2,404		)
Other, including foreign currency	112			—			(35		)	—			—			77
Balance, February 3, 2018	$	112,157		$	29,749		$	2,841		$	29,689		$	4,422		$	178,858

Based on the current estimated useful lives assigned to our intangible assets, amortization expense for each of the next five years is expected to be $2.6 million, $1.2 million, $1.2 million, $1.0 million and $0.8 million.

The changes in the carrying amount of goodwill by operating group and in total, for Fiscal 2017, Fiscal 2016 and Fiscal 2015 are as follows (in thousands):



	Tommy Bahama			Lilly Pulitzer		Southern Tide		Corporate and Other		Total
Balance, January 31, 2015	$	801		$	16,495	$	—	$	—	$	17,296
Other, including foreign currency	(73		)	—		—		—		(73		)
Balance, January 30, 2016	728			16,495		—		—		17,223
Acquisition	—			—		42,745		—		42,745
Other, including foreign currency	47			—		—		—		47
Balance, January 28, 2017	775			16,495		42,745		—		60,015
Acquisition	—			3,027		—		3,615		6,642
Other, including foreign currency	46			—		—		—		46
Balance, February 3, 2018	$	821		$	19,522	$	42,745	$	3,615	$	66,703

All goodwill for Tommy Bahama, Lilly Pulitzer and Corporate and Other is deductible for income tax purposes, while the majority of the goodwill included in the balance sheet for Southern Tide is deductible for income tax purposes.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt	12 Months Ended
Debt	Feb. 03, 2018
Debt Disclosure [Abstract]
Debt	Debt We had $45.8 million outstanding as of February 3, 2018 under our $325 million Fourth Amended and Restated Credit Agreement ("U.S. Revolving Credit Agreement") compared to $91.5 million of borrowings outstanding as of January 28, 2017. On May 24, 2016, the U.S. Revolving Credit Agreement amended and restated our Third Amended Restated Credit Agreement ("Prior Credit Agreement") to (1) increase the borrowing capacity of the facility, (2) extend the maturity of the facility and (3) modify certain other provisions and restrictions of the Prior Credit Agreement. The U.S. Revolving Credit Agreement generally (1) is limited to a borrowing base consisting of specified percentages of eligible categories of assets, (2) accrues variable-rate interest (weighted average borrowing rate of 3.5% as of February 3, 2018), unused line fees and letter of credit fees based upon average unused availability or utilization, (3) requires periodic interest payments with principal due at maturity (May 2021) and (4) is secured by a first priority security interest in substantially all of the assets of Oxford Industries, Inc. and its domestic subsidiaries, including accounts receivable, books and records, chattel paper, deposit accounts, equipment, certain general intangibles, inventory, investment property (including the equity interests of certain subsidiaries), negotiable collateral, life insurance policies, supporting obligations, commercial tort claims, cash and cash equivalents, eligible trademarks, proceeds and other personal property. To the extent cash flow needs exceed cash flow provided by our operations we will have access, subject to its terms, to our U.S. Revolving Credit Agreement to provide funding for operating activities, capital expenditures and acquisitions, if any. Our U.S. Revolving Credit Agreement is also used to establish collateral for certain insurance programs and leases and to finance trade letters of credit for product purchases, which reduce amounts available under our line of credit when issued. As of February 3, 2018, $4.7 million of letters of credit were outstanding against our U.S. Revolving Credit Agreement. After considering these limitations and the amount of eligible assets in our borrowing base, as applicable, as of February 3, 2018, we had $219.7 million in unused availability under the U.S. Revolving Credit Agreement, subject to certain limitations on borrowings. Covenants, Other Restrictions and Prepayment Penalties The U.S. Revolving Credit Agreement is subject to a number of affirmative covenants regarding the delivery of financial information, compliance with law, maintenance of property, insurance requirements and conduct of business. Also, the U.S. Revolving Credit Agreement is subject to certain negative covenants or other restrictions including, among other things, limitations on our ability to (1) incur debt, (2) guaranty certain obligations, (3) incur liens, (4) pay dividends to shareholders, (5) repurchase shares of our common stock, (6) make investments, (7) sell assets or stock of subsidiaries, (8) acquire assets or businesses, (9) merge or consolidate with other companies or (10) prepay, retire, repurchase or redeem debt. Additionally, the U.S. Revolving Credit Agreement contains a financial covenant that applies if excess availability under the agreement for three consecutive days is less than the greater of (1) $23.5 million or (2) 10% of availability. In such case, our fixed charge coverage ratio as defined in the U.S. Revolving Credit Agreement must not be less than 1.0 to 1.0 for the immediately preceding 12 fiscal months for which financial statements have been delivered. This financial covenant continues to apply until we have maintained excess availability under the U.S. Revolving Credit Agreement of more than the greater of (1) $23.5 million or (2) 10% of availability for 30 consecutive days. We believe that the affirmative covenants, negative covenants, financial covenants and other restrictions under the U.S. Revolving Credit Agreement are customary for those included in similar facilities entered into at the time we entered into the U.S. Revolving Credit Agreement. During Fiscal 2017 and as of February 3, 2018, no financial covenant testing was required pursuant to our U.S. Revolving Credit Agreement as the minimum availability threshold was met at all times. As of February 3, 2018, we were compliant with all covenants related to the U.S. Revolving Credit Agreement.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Feb. 03, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We have operating lease agreements for retail space, restaurants, warehouses and sales and administrative offices as well as equipment with varying terms. Total rent expense, which includes minimum rents, real estate taxes, insurance and other operating expenses and contingent rents incurred under all leases was $92.1 million, $87.8 million and $82.6 million in Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively. Most of our leases provide for payments of real estate taxes, insurance and other operating expenses applicable to the property and most of our retail and restaurant leases also provide for contingent rent based on sales. Payments for real estate taxes, insurance, other operating expenses and contingent percentage rent are included in rent expense above, but are generally not included in the aggregate minimum rental commitments below, as, in many cases, the amounts payable in future periods are not quantified in the lease agreement and are dependent on future events. The total amount of such charges included in total rent expense above were $24.8 million, $23.9 million and $22.1 million in Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively, which includes $1.6 million, $1.1 million and $1.0 million of contingent percentage rent during Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively. As of February 3, 2018, the aggregate minimum base rental commitments for all non-cancelable operating real property leases with original terms in excess of one year are $67.6 million, $65.3 million, $62.6 million, $59.4 million, and $54.7 million for each of the next five years and $144.9 million thereafter. As of February 3, 2018, we are also obligated under certain apparel license and design agreements to make future minimum royalty and advertising payments of $5.6 million, $5.1 million, $5.0 million, $3.3 million, and $0.0 million for each of the next five years and none thereafter. These amounts do not include amounts, if any, that exceed the minimums required pursuant to the agreements. During the 1990s, we discovered the presence of hazardous waste on one of our properties. We believe that remedial or other activities may be required, including continued investigation and monitoring of groundwater and soil, although the timing and extent of such activities is uncertain. As of February 3, 2018 and January 28, 2017, the reserve for the remediation of this site was $0.5 million and $1.2 million, respectively, which is included in other non-current liabilities in our consolidated balance sheets. The amount recorded represents our estimate of the costs, on an undiscounted basis, to clean up and monitor the site as well as any associated legal and consulting fees, based on currently available information. This estimate may change in future periods as more information on the activities required and timing of those activities become known. In Fiscal 2016, we recognized a charge of $1.3 million related to an assertion of underpaid customs duties concerning the method used to determine the dutiable value of certain imported inventory, reflecting the full amount of the assessment through January 28, 2017 with the assertion amount and recognized liability as of February 3, 2018 totaling $1.9 million. We have appealed this assessment in accordance with the standard procedures of the relevant customs authorities. The charge may be adjusted or reversed as the matter progresses and additional information becomes available, but the outcome is subject to risk and uncertainty. In connection with our Fiscal 2017 acquisition of Beaufort Bonnet, as disclosed in Note 12, we entered into a contingent consideration agreement which requires us to pay cash payments to the sellers of up to $3.5 million in the aggregate subject to Beaufort Bonnet's achievement of certain earnings targets over a four year period subsequent to the acquisition. As of February 3, 2018, no amounts had been earned or paid pursuant to this contingent consideration agreement.

Shareholders' Equity

12 Months Ended

Feb. 03, 2018

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Common Stock

We had 60 million shares of $1.00 par value per share common stock authorized for issuance as of February 3, 2018 and January 28, 2017. We had 16.8 million and 16.8 million shares of common stock issued and outstanding as of February 3, 2018 and January 28, 2017, respectively.

Long-Term Stock Incentive Plan

As of February 3, 2018, 0.9 million shares were available for issuance under our Long-Term Stock Incentive Plan (the "Long-Term Stock Incentive Plan"). The Long-Term Stock Incentive Plan allows us to grant equity-based awards to employees and non-employee directors in the form of stock options, stock appreciation rights, restricted shares and/or restricted share units. No additional grants are available under any predecessor plans.

Restricted share awards granted to officers and other key employees generally vest three or four years from the date of grant if (1) the performance threshold, if any, was met and (2) the employee is still employed by us on the vesting date. At the time that restricted shares are issued, the shareholder is generally, subject to the terms of the respective agreement, be entitled to the same dividend and voting rights as other holders of our common stock as long as the restricted shares are outstanding. The employee generally is restricted from transferring or selling any restricted shares and generally forfeits the awards upon the termination of employment prior to the end of the vesting period. The specific provisions of the awards, including exercisability and term of the award, are evidenced by agreements with the employee as determined by the compensation committee of our Board of Directors, as applicable.

The table below summarizes the restricted share award activity for officers and other key employees (in shares) during Fiscal 2017, Fiscal 2016, and Fiscal 2015:



	Fiscal 2017				Fiscal 2016				Fiscal 2015
	Number of Shares		Weighted- average grant date fair value		Number of Shares		Weighted- average grant date fair value		Number of Shares		Weighted- average grant date fair value
Restricted share awards outstanding at beginning of fiscal year	228,682		$	69	175,886		$	67	91,172		$	59
Service-based restricted share awards granted/issued	58,753		$	56	44,437		$	73	23,637		$	60
Performance-based restricted share awards issued related to prior year performance awards	30,443		$	76	87,009		$	58	87,153		$	78
Restricted share awards vested, including restricted shares repurchased from employees for employees' tax liability	(92,239	)	$	78	(58,711	)	$	51	(4,645	)	$	64
Restricted share awards forfeited	(14,594	)	58		(19,939	)	67		(21,431	)	70
Restricted share awards outstanding at end of fiscal year	211,045		$	63	228,682		$	69	175,886		$	67

The following table summarizes information about the unvested restricted share awards as of February 3, 2018. The unvested restricted share awards will be settled in shares of our common stock on the vesting date, subject to the employee still being an employee at that time.



Grant	Number of Unvested Share Awards	Average Market Price on Date of Grant		Vesting Date
Fiscal 2015 Performance-based Restricted Share Awards	68,408	$	58	April 2018
Fiscal 2016 Service-based Restricted Share Awards	30,319	$	76	April 2019
Fiscal 2016 Performance-based Restricted Share Awards	29,576	$	76	April 2019
Fiscal 2017 Service-based Restricted Share Awards	47,605	$	56	April 2020
Other Service-based Restricted Share Awards	35,137	$	59	April 2018 - April 2021
Total	211,045

Restricted shares pursuant to performance-based awards are not issued until approved by our compensation committee following completion of the performance period. During Fiscal 2017, approximately 70,000 restricted shares were earned by recipients related to the Fiscal 2017 performance period; however, these share awards were not included in the tables above as the awards had not been issued as of February 3, 2018. The grant date fair value of these 70,000 awards was $56 per share, and the awards vest in April 2020.

As of February 3, 2018, there was $7.6 million of unrecognized compensation expense related to the unvested restricted share awards, which have been granted to employees but have not yet vested, including the Fiscal 2017 performance-based awards issued in the First Quarter of Fiscal 2018.

In addition, we grant restricted shares to our non-employee directors for a portion of each non-employee director's compensation. The non-employee directors must complete certain service requirements; otherwise, the restricted shares are subject to forfeiture. On the date of issuance, the non-employee directors are entitled to the same dividend and voting rights as other holders of our common stock. The non-employee directors are restricted from transferring or selling the restricted shares prior to the end of the vesting period.

Employee Stock Purchase Plan

There were 0.4 million shares of our common stock authorized for issuance under our Employee Stock Purchase Plan ("ESPP") as of February 3, 2018. The ESPP allows qualified employees to purchase shares of our common stock on a quarterly basis, based on certain limitations, through payroll deductions. The shares purchased pursuant to the ESPP are not subject to any vesting or other restrictions. On the last day of each calendar quarter, the accumulated payroll deductions are applied toward the purchase of our common stock at a price equal to 85% of the closing market price on that date. Equity compensation expense related to the employee stock purchase plan recognized was $0.2 million, $0.2 million and $0.2 million in Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively.

Preferred Stock

We had 30 million shares of $1.00 par value preferred stock authorized for issuance as of February 3, 2018 and January 28, 2017. No preferred shares were issued or outstanding as of February 3, 2018 or January 28, 2017.

Accumulated Other Comprehensive Loss

The following table details the changes in our accumulated other comprehensive loss by component (in thousands), net of related income taxes during Fiscal 2017, Fiscal 2016 and Fiscal 2015.



	Foreign currency translation gain (loss)			Net unrealized gain (loss) on cash flow hedges			Accumulated other comprehensive income (loss)
Balance, January 31, 2015	$	(30,900	)	$	746		$	(30,154	)
Other comprehensive income (loss)	24,071			(746		)	23,325
Balance, January 30, 2016	(6,829		)	—			(6,829		)
Other comprehensive income	1,553			—			1,553
Balance, January 28, 2017	(5,276		)	—			(5,276		)
Other comprehensive income	1,202			—			1,202
Balance, February 3, 2018	$	(4,074	)	$	—		$	(4,074	)

The change in accumulated other comprehensive loss in Fiscal 2017 and Fiscal 2016 primarily resulted from changes in foreign currency exchange rates between certain functional and reporting currencies in the respective period. No material amounts of accumulated other comprehensive loss were reclassified from accumulated other comprehensive loss into our consolidated statements of operations during Fiscal 2017 or Fiscal 2016. The balance in accumulated other comprehensive loss as of February 3, 2018 primarily relates to our Tommy Bahama operations in Canada, Japan and Australia. Substantially all of the change in accumulated other comprehensive loss during Fiscal 2015 resulted from the sale of our discontinued operations as the related amounts previously classified in accumulated other comprehensive loss were recognized in net loss from discontinued operations, net of taxes in our consolidated statement of operations.

Income Taxes

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Income Taxes

U.S. Tax Reform made significant changes in the taxation of our domestic and foreign earnings. The federal tax was lowered from 35% to 21% effective January 1, 2018, resulting in a blended federal rate applicable to our fiscal year ended February 3, 2018 to reflect the weighted average of the rate applicable to the period prior to the effective date and the period on and after the effective date. The change in the federal tax rate also required revaluation of our deferred tax assets and liabilities to reflect the enacted rate at which we expect those differences to reverse. U.S. Tax Reform moves the U.S. to a territorial taxation system under which the earnings of foreign subsidiaries will generally not be subject to U.S. tax upon distribution and imposed a one-time transition tax on the amount of previously untaxed earnings of those foreign subsidiaries measured as of November 2, 2017 or December 31, 2017, whichever resulted in the greater taxable amount. Additional changes included the increase in bonus depreciation available for certain assets acquired after September 27, 2017 and limitations on the deduction for certain expenses, including executive compensation and interest incurred in taxable years beginning on or after January 1, 2018. New taxes were imposed related to foreign income including, for years beginning after December 31, 2017, a tax on global intangible low-taxed income (“GILTI”) and disallowance of deduction for certain payments (the base erosion anti-abuse tax, or “BEAT”) and new deductions enacted for certain foreign-derived intangible income (“FDII”). As a result of the provisional revaluation impact on our deferred taxes and certain other items related to U.S. Tax Reform, we recognized a reduction in tax expense of $11.5 million in our Fiscal 2017 statement of operations.

The SEC issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides us with up to one year to finalize accounting for the impacts of U.S. Tax Reform. Since our initial accounting for U.S Tax Reform impact is incomplete, we may include provisional amounts when reasonable estimates can be made or continue to apply the prior tax law if a reasonable estimate cannot be made. We have estimated provisional tax amounts related to our deferred income tax assets and liabilities, including the impacts of the change in corporate tax rate, executive compensation, our indefinite reinvestment assertion, the transition tax, GILTI, BEAT, and FDII. We have not yet elected an accounting policy related to how we will account for GILTI and therefore have not provided any deferred tax impacts of GILTI in our consolidated financial statements as of February 3, 2018. We are still finalizing our calculations related to the impact of U.S. Tax Reform on our deferred tax assets and liabilities. The final impact of U.S. Tax Reform may differ from our provisional amounts recognized in Fiscal 2017 due to additional regulatory guidance that may be issued, us obtaining additional information to refine our estimated tax amounts and changes in current interpretations and assumptions. We expect to finalize our accounting for the impacts of U.S. Tax Reform during Fiscal 2018.

The following table summarizes our distribution between domestic and foreign earnings (loss) before income taxes and the provision (benefit) for income taxes (in thousands):



	Fiscal 2017		Fiscal 2016			Fiscal 2015
Earnings from continuing operations before income taxes:
Domestic	$	78,707	$	84,843		$	96,512
Foreign	4,184		1,620			(1,456		)
Earnings from continuing operations before income taxes	$	82,891	$	86,463		$	95,056

Income taxes:
Current:
Federal	$	11,710	$	19,704		$	33,205
State	3,775		4,475			4,789
Foreign	707		599			138
	16,192		24,778			38,132
Deferred—primarily Federal	1,690		8,108			(1,508		)
Deferred—Foreign	308		(922		)	(105		)
Income taxes	$	18,190	$	31,964		$	36,519

Reconciliations of the United States federal statutory income tax rates and our effective tax rates are summarized as follows:



	Fiscal 2017		Fiscal 2016		Fiscal 2015
Statutory tax rate (1)	33.7	%	35.0	%	35.0	%
State income taxes—net of federal income tax benefit	3.6	%	3.8	%	3.3	%
Impact of foreign operations rate differential (2)	(0.6	)%	(0.4	)%	0.6	%
Valuation allowance against foreign losses and other carry-forwards (3)	1.1	%	(0.6	)%	0.3	%
U.S. Tax Reform impact of change in tax rate on deferred tax amounts	(14.4	)%	—	%	—	%
Other, net	(1.5	)%	(0.8	)%	(0.8	)%
Effective tax rate for continuing operations	21.9	%	37.0	%	38.4	%

(1) The statutory tax rate for Fiscal 2017 is a blended rate that reflects the reduction of the federal corporate marginal tax rate from 35% to 21% effective January 1, 2018.

(2) Impact of foreign operations rate differential primarily reflects the rate differential between the United States and the respective foreign jurisdictions for any foreign income or losses, and the impact of any permanent differences.

(3) Valuation allowance against foreign losses and other carry-forwards primarily reflects the valuation allowance recorded due to our inability to recognize an income tax benefit related to certain operating loss carry-forwards and deferred tax assets during the period. The benefit in Fiscal 2016 was primarily due to the utilization of certain operating loss carryforward benefits against current year earnings and changes in our assessment of the likelihood of recognition of certain foreign operating loss carryforwards.

Deferred tax assets and liabilities included in our consolidated balance sheets are comprised of the following (in thousands):



	February 3, 2018			January 28, 2017
Deferred Tax Assets:
Inventories	$	12,207		$	14,886
Accrued compensation and benefits	7,660			11,817
Receivable allowances and reserves	1,630			2,561
Deferred rent and lease obligations	3,322			6,671
Operating loss and other carry-forwards	4,218			3,691
Other, net	3,739			3,960
Deferred tax assets	32,776			43,586
Deferred Tax Liabilities:
Depreciation and amortization	(10,210		)	(5,360		)
Acquired intangible assets	(31,327		)	(46,524		)
Deferred tax liabilities	(41,537		)	(51,884		)
Valuation allowance	(5,624		)	(4,115		)
Net deferred tax liability	$	(14,385	)	$	(12,413	)

As of February 3, 2018 and January 28, 2017 our operating loss and other carry-forwards primarily relate to our operations in Canada, Hong Kong and Japan, as well as certain states. The majority of these operating loss carry-forwards allow for carry-forward of at least 20 years and in some cases, indefinitely. The substantial majority of our valuation allowance of $5.6 million and $4.1 million as of February 3, 2018 and January 28, 2017, respectively, relates to the foreign and state operating loss carry-forwards and the deferred tax assets in those jurisdictions. The recent history of operating losses in certain jurisdictions is considered significant negative evidence against the realizability of these tax benefits. The amount of the valuation allowance considered necessary, however, could change in the future if our operating results or estimates of future taxable operating results changes, particularly if, in future years, objective evidence in the form of cumulative losses is no longer present in certain jurisdictions. Alternatively, if we generate operating losses in future periods in certain jurisdictions, we may determine it is necessary to increase valuation allowances for certain deferred tax assets.

No deferred tax liabilities related to our original investments in our foreign subsidiaries and foreign earnings and profits ("E&P"), if any, have historically been recorded in our consolidated balance sheet date, as substantially all our original investments and earnings related to our foreign subsidiaries have been considered reinvested outside of the United States. U.S. Tax Reform has made significant changes to how foreign earnings are taxed. We continue to assert that our investment in foreign subsidiaries and earnings are permanently reinvested on a provisional basis.

Accounting for income taxes requires that we offset all deferred tax liabilities and assets within each tax jurisdiction and present them as a single amount in our consolidated balance sheets, with all net deferred tax assets or deferred tax liabilities by jurisdiction recognized as non-current deferred tax assets or deferred tax liabilities in our consolidated balance sheets. The amounts of deferred income taxes included in the following line items in our consolidated balance sheets are as follows (in thousands):



	February 3, 2018			January 28, 2017
Assets:
Deferred tax assets	$	884		$	1,165
Liabilities:
Deferred tax liabilities	(15,269		)	(13,578		)
Net deferred tax liability	$	(14,385	)	$	(12,413	)

Defined Contribution Plans	12 Months Ended
Defined Contribution Plans	Feb. 03, 2018
Retirement Benefits [Abstract]
Defined Contribution Plans	Defined Contribution Plans We have a tax-qualified voluntary retirement savings plan covering substantially all full-time United States employees and other similar plans covering certain foreign employees. If a participant decides to contribute, a portion of the contribution is matched by us. Additionally, we incur certain charges related to our non-qualified deferred compensation plan as discussed in Note 1. Realized and unrealized gains and losses on the deferred compensation plan investments are recorded in SG&A in our consolidated statements of operations and substantially offset the changes in deferred compensation liabilities to participants resulting from changes in market values. Our aggregate expense under these defined contribution and non-qualified deferred compensation plans in Fiscal 2017, Fiscal 2016 and Fiscal 2015 was $3.6 million, $3.5 million and $3.3 million, respectively.

Related Party Transactions

12 Months Ended

Feb. 03, 2018

Related Party Transactions

SunTrust

Mr. E. Jenner Wood, III, one of our directors, served as Corporate Executive Vice President of SunTrust Banks, Inc. ("SunTrust") until his retirement at the end of 2016. We maintain a syndicated credit facility under which SunTrust serves as agent and lender, and a SunTrust affiliate acted as lead arranger and book runner in connection with our Fiscal 2016 refinancing of our U.S. Revolving Credit Agreement. The services provided and fees paid to SunTrust in connection with such services for each period are set forth below (in thousands):



Service	Fiscal 2017		Fiscal 2016		Fiscal 2015
Interest and agent fees for our credit facility	$	640	$	1,190	$	459
Cash management services	$	98	$	92	$	90
Lead arranger, book runner and upfront fees	$	—	$	657	$	—
Other	$	9	$	10	$	56

Our credit facilities were entered into in the ordinary course of business. Our aggregate payments to SunTrust and its subsidiaries for these services did not exceed 1% of our gross revenues during the periods presented or 1% of SunTrust's gross revenues during its fiscal years ended December 31, 2017, December 31, 2016 and December 31, 2015.

Contingent Consideration Agreements

In connection with our acquisition of the Lilly Pulitzer brand and operations in December 2010, we entered into a contingent consideration agreement pursuant to which the beneficial owners of the Lilly Pulitzer brand and operations prior to the acquisition were entitled to earn up to an additional $20 million in cash, in the aggregate, over the four years following the closing of the acquisition based on Lilly Pulitzer's achievement of certain earnings targets. The potential contingent consideration was comprised of: (1) four individual performance periods, consisting of the period from the date of our acquisition through the end of Fiscal 2011, Fiscal 2012, Fiscal 2013 and Fiscal 2014, in respect of which the prior owners of the Lilly Pulitzer brand and operations were entitled to receive up to $2.5 million for each performance period; and (2) a cumulative performance period consisting of the period from the date of our acquisition through the end of Fiscal 2014, in respect of which the prior owners of the Lilly Pulitzer brand and operations were entitled to receive up to $10 million.

Mr. Scott A. Beaumont, one of our former executive officers who was appointed CEO, Lilly Pulitzer Group, in connection with our acquisition of the Lilly Pulitzer brand and operations, together with various trusts for the benefit of certain family members, held a 50% ownership interest in the Lilly Pulitzer brand and operations prior to the acquisition. The principals who owned the Lilly Pulitzer brand and operations prior to the acquisition remained involved in the Lilly Pulitzer operations through March 2016. As a result of Lilly Pulitzer exceeding the earnings targets specified in the contingent consideration agreement, the maximum $20 million amount was earned in full. The final payment of $12.5 million related to the contingent consideration agreement was made in Fiscal 2015.

In connection with our Fiscal 2017 acquisition of Beaufort Bonnet, we entered into a contingent consideration agreement pursuant to which we will be obligated to pay cash payments to the sellers of up to $3.5 million in the aggregate subject to Beaufort Bonnet's achievement of certain earnings targets over a four year period subsequent to the acquisition. One of the sellers of Beaufort Bonnet is an employee and continues to manage the operations of Beaufort Bonnet. As of February 3, 2018, no amounts had been earned or paid pursuant to this contingent consideration agreement.

Summarized Quarterly Data (unaudited)

12 Months Ended

Feb. 03, 2018

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Data (unaudited)

Each of our fiscal quarters consists of thirteen week periods, beginning on the first day after the end of the prior fiscal quarter, except that the fourth quarter in a year with 53 weeks (such as Fiscal 2017) includes 14 weeks. Following is a summary of our Fiscal 2017 and Fiscal 2016, quarterly results (in thousands, except per share amounts):



	First Quarter		Second Quarter		Third Quarter			Fourth Quarter			Total
Fiscal 2017
Net sales	$	272,363	$	284,709	$	235,960		$	293,179		$	1,086,211
Gross profit	$	159,410	$	165,969	$	125,176		$	162,077		$	612,632
Operating income	$	29,959	$	36,402	$	1,124		$	18,515		$	86,000
Net earnings from continuing operations	$	17,197	$	22,689	$	1,072		$	23,743		$	64,701
Income from discontinued operations, net of taxes	$	—	$	—	$	—		$	389		$	389
Net earnings	$	17,197	$	22,689	$	1,072		$	24,132		$	65,090
Net earnings from continuing operations per share:
Basic	$	1.04	$	1.37	$	0.06		$	1.43		$	3.90
Diluted	$	1.03	$	1.36	$	0.06		$	1.41		$	3.87
Income from discontinued operations, net of taxes, per share:
Basic	$	—	$	—	$	—		$	0.02		$	0.02
Diluted	$	—	$	—	$	—		$	0.02		$	0.02
Net earnings per share:
Basic	$	1.04	$	1.37	$	0.06		$	1.45		$	3.92
Diluted	$	1.03	$	1.36	$	0.06		$	1.44		$	3.89
Weighted average shares outstanding:
Basic	16,549		16,605		16,618			16,624			16,600
Diluted	16,695		16,700		16,735			16,802			16,734
Fiscal 2016
Net sales	$	256,235	$	282,996	$	222,308		$	261,049		$	1,022,588
Gross profit	$	151,464	$	164,795	$	118,054		$	145,991		$	580,304
Operating income (loss)	$	32,006	$	38,689	$	(327	)	$	19,516		$	89,884
Net earnings (loss) from continuing operations	$	20,177	$	23,875	$	(1,597	)	$	12,044		$	54,499
Loss from discontinued operations, net of taxes	$	—	$	—	$	—		$	(2,038	)	$	(2,038	)
Net earnings (loss)	$	20,177	$	23,875	$	(1,597	)	$	10,006		$	52,461
Net earnings (loss) from continuing operations per share:
Basic	$	1.22	$	1.45	$	(0.10	)	$	0.73		$	3.30
Diluted	$	1.21	$	1.44	$	(0.10	)	$	0.72		$	3.27



Loss from discontinued operations, net of taxes, per share:
Basic	$	—	$	—	$	—		$	(0.12	)	$	(0.12	)
Diluted	$	—	$	—	$	—		$	(0.12	)	$	(0.12	)
Net earnings (loss) per share:
Basic	$	1.22	$	1.45	$	(0.10	)	$	0.61		$	3.18
Diluted	$	1.21	$	1.44	$	(0.10	)	$	0.60		$	3.15
Weighted average shares outstanding:
Basic	16,503		16,515		16,531			16,537			16,522
Diluted	16,617		16,623		16,531			16,689			16,649

The sum of the quarterly net earnings (loss) per share amounts may not equal the amounts for the full year due to rounding. The Fourth Quarters of Fiscal 2017 and Fiscal 2016 included a LIFO accounting charge of $4.1 million and charge of $3.6 million, respectively. The full years of Fiscal 2017 and Fiscal 2016 included a LIFO accounting charge of $7.8 million and a LIFO accounting credit of $5.9 million, respectively. Additionally, the Fourth Quarter of Fiscal 2017 and Fiscal 2017 included a reduction of tax expense of $11.5 million related to the U.S. Tax Reform as disclosed in Note 8.

Business Combinations

12 Months Ended

Feb. 03, 2018

Business Combinations [Abstract]

Business Combinations

Fiscal 2017 Business Combinations

During Fiscal 2017 we completed certain acquisitions which resulted in our acquisition of Beaufort Bonnet and 12 Lilly Pulitzer Signature Stores. Beaufort Bonnet designs, sources, markets and distributes premium childrenswear including bonnets, hats, apparel, swimwear and accessories through the Beaufort Bonnet e-commerce website as well as wholesale specialty retailers. The Lilly Pulitzer Signature Stores that were acquired are located in Massachusetts, Virginia and Maryland. We believe the Beaufort Bonnet acquisition further advances our strategic goal of owning a diversified portfolio of lifestyle brands, while the acquisition of the Lilly Pulitzer Signature Stores allows for growth of Lilly Pulitzer's direct to consumer business, particularly in some key markets. Subsequent to their respective acquisitions, the acquired Lilly Pulitzer Signature Stores are included in our Lilly Pulitzer operating group, while the Beaufort Bonnet operations are included in Corporate and Other.

The purchase price, in the aggregate, of our Fiscal 2017 acquisitions was $17.5 million primarily consisting of cash, subject to adjustment based on net working capital or inventory amounts as of the closing dates of the respective acquisitions. We used borrowings under our revolving credit facility to finance the transactions. Transaction and integration costs related to the acquisitions totaled $1.0 million and are included in SG&A in Fiscal 2017.

Our allocations of the purchase price for Fiscal 2017 acquisitions are preliminary. The allocations may be revised during the one year allocation period as we obtain additional information about the estimated fair values of the acquired assets, identify and quantify assumed liabilities and finalize working capital amounts related to the acquisitions. The following table summarizes our preliminary allocation of the purchase price for the Fiscal 2017 acquisitions, in the aggregate (in thousands):



	Fiscal 2017 acquisitions
Cash and cash equivalents	$	406
Inventories (1)	3,910
Prepaid expenses and other current assets	595
Property and equipment	682
Intangible assets	5,940
Goodwill	6,642
Accounts payable, accrued expenses and other liabilities	(640		)
Purchase price (2)	$	17,535

(1) Includes a step-up of acquired inventory from cost to fair value of $1.3 million with $1.2 million of this step-up amount recognized in Fiscal 2017 in cost of goods sold in our consolidated statement of operations.
(2) In connection with the Beaufort Bonnet acquisition, we entered into a contingent consideration agreement pursuant to which we will be obligated to pay cash payments to the sellers of up to $3.5 million in the aggregate subject to Beaufort Bonnet's achievement of certain earnings targets over a four year period subsequent to the acquisition. Estimated fair value of the contingent consideration amount as the acquisition date was $0.3 million.

Goodwill represents the amount by which the cost to acquire the businesses exceeds the fair value of individual acquired assets less liabilities of the business at acquisition. Intangible assets allocated in connection with our purchase price allocation consisted of the following (in thousands):



	Useful life	Fiscal 2017 acquisitions
Finite lived intangible assets acquired:
Trade names and trademarks	20 years	$	4,220
Other intangible assets including reacquired rights, customer relationships and non-compete agreements	3 - 10 years	$	1,720
		$	5,940

Fiscal 2016 Business Combinations

On April 19, 2016, we acquired Southern Tide, LLC, which owns the Southern Tide lifestyle apparel brand. Southern Tide carries an extensive selection of men’s shirts, pants, shorts, outerwear, ties, swimwear, footwear and accessories, as well as a women’s collection. The brand’s products are sold through its wholesale operations to specialty stores and department stores as well as through its direct to consumer operations on the Southern Tide website. We believe that the acquisition of Southern Tide further advances our strategic goal of owning a diversified portfolio of lifestyle brands. The acquisition provides strategic benefits through growth opportunities and further diversification of our business.

The purchase price for the acquisition of Southern Tide was $85 million in cash, subject to adjustment based on net working capital as of the closing date of the acquisition. After giving effect to the final working capital adjustment paid in Fiscal 2016, the purchase price paid was $92.0 million, net of acquired cash of $2.4 million. We used borrowings under our revolving credit facility to finance the transaction. Transaction costs related to this acquisition totaled $0.8 million and are included in SG&A in Corporate and Other in Fiscal 2016.

The following table summarizes our allocation of the purchase price for the Southern Tide acquisition (in thousands):



	Southern Tide acquisition
Cash and cash equivalents	$	2,423
Receivables	6,616
Inventories (1)	16,251
Prepaid expenses	740
Property and equipment	220
Intangible assets	30,240
Goodwill	42,745
Other non-current assets	344
Accounts payable, accrued expenses and other liabilities	(3,473		)
Deferred taxes	(1,812		)
Purchase price	$	94,294

(1) Includes a step-up of acquired inventory from cost to fair value of $2.7 million. This step-up amount was recognized in Fiscal 2016 in cost of goods sold in our consolidated statement of operations.

Goodwill represents the amount by which the cost to acquire Southern Tide exceeds the fair value of individual acquired assets less liabilities of the business at acquisition. Intangible assets allocated in connection with our purchase price allocation consisted of the following (in thousands):



	Useful life	Southern Tide acquisition
Finite lived intangible assets acquired, primarily consisting of customer relationships	5 - 20 years	$	3,440
Trade names and trademarks	Indefinite	26,800
		$	30,240

Pro Forma Information (unaudited)

The consolidated pro forma information presented below (in thousands, except per share data) gives effect to the April 19, 2016 acquisition of Southern Tide as if the acquisition had occurred as of the beginning of Fiscal 2015. The information presented below is for illustrative purposes only, is not indicative of results that would have been achieved if the acquisition had occurred as of the beginning of Fiscal 2015 and is not intended to be a projection of future results of operations. The pro forma statements of operations have been prepared from our and Southern Tide's historical statements of operations for the periods presented, including without limitation, purchase accounting adjustments, but excluding any seller specific management/advisory or similar expenses and any synergies or operating cost reductions that may be achieved from the combined operations in the future.



	Fiscal 2016		Fiscal 2015
Net sales	$	1,034,369	$	1,007,330
Earnings from continuing operations before income taxes	$	92,212	$	95,963
Earnings from continuing operations	$	58,035	$	58,609
Earnings from continuing operations per share:
Basic	$	3.51	$	3.59
Diluted	$	3.49	$	3.57

Fiscal 2016 pro forma information above includes amortization of acquired intangible assets but excludes the transaction expenses associated with the transaction and the incremental cost of goods sold associated with the step-up of inventory at acquisition that were recognized by us in our Fiscal 2016 consolidated statement of operations. Fiscal 2015 pro forma information above includes amortization of acquired intangible assets, transaction expenses associated with the transaction and incremental cost of goods sold associated with the step-up of inventory at acquisition. Additionally, the pro forma adjustments for each period prior to the date of acquisition reflect an estimate of incremental interest expense associated with additional borrowings and income tax expense that would have been incurred subsequent to the acquisition.

In addition to the Southern Tide acquisition, Lanier Apparel completed two acquisitions resulting in total cash payments of $3.1 million during Fiscal 2016. Assets acquired in these acquisitions primarily consisted of intangible assets, as disclosed in Note 4, and inventory.

Discontinued Operations

12 Months Ended

Feb. 03, 2018

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

On July 17, 2015, we sold 100% of the equity interests of our Ben Sherman business, consisting of Ben Sherman Limited and its subsidiaries and Ben Sherman Clothing LLC, for £40.8 million before any working capital or other purchase price adjustments. The final purchase price received by us was subject to adjustment based on, among other things, the actual debt and net working capital of the Ben Sherman business on the closing date, which was finalized during February 2016. The total liabilities related to discontinued operations, including current and non-current, of $5.4 million as of January 28, 2017 represented our estimate as of January 28, 2017 of the future net loss anticipated in connection with certain retained lease obligations. During Fiscal 2017, we negotiated settlements in respect of these outstanding lease obligations by agreeing to make one-time cash payments lower in the aggregate than the total outstanding liabilities at the time of payment. These settlements resulted in liabilities related to discontinued operations of $2.1 million as of February 3, 2018, with the final satisfaction completed in February 2018. We do not anticipate cash flows or earnings related to the discontinued operations in future periods as we have satisfied all obligations related to these lease agreements. Operating results of the discontinued operations are shown below (in thousands):



	Fiscal 2017			Fiscal 2016			Fiscal 2015
Net sales	$	—		$	—		$	28,081
Cost of goods sold	—			—			17,414
Gross profit	$	—		$	—		$	10,667
SG&A	(629		)	2,928			20,698
Royalties and other operating income	—			—			1,919
Operating income (loss)	$	629		$	(2,928	)	$	(8,112	)
Interest expense, net	—			—			146
Income (loss) from discontinued operations before income taxes	$	629		$	(2,928	)	$	(8,258	)
Income taxes	240			(890		)	(800		)
Income (loss) from discontinued operations, net of taxes	$	389		$	(2,038	)	$	(7,458	)
Loss on sale of discontinued operations, net of taxes	—			—			(20,517		)
Net income (loss) from discontinued operations, net of taxes	$	389		$	(2,038	)	$	(27,975	)

Certain information pertaining to depreciation and amortization as well as capital expenditures associated with our discontinued operations, which is included in our consolidated statements of cash flows, has been shown below (in thousands):



	Fiscal 2017		Fiscal 2016		Fiscal 2015
Depreciation and amortization	$	—	$	136	$	667
Capital expenditures	$	—	$	—	$	660

SCHEDULE II Valuation and Qualifying Accounts

12 Months Ended

Feb. 03, 2018

Valuation and Qualifying Accounts [Abstract]

SCHEDULE II Valuation and Qualifying Accounts

SCHEDULE II

Oxford Industries, Inc.

Valuation and Qualifying Accounts



Column A	Column B		Column C				Column D				Column E
Description	Balance at Beginning of Period		Additions Charged to Costs and Expenses		Charged to Other Accounts– Describe		Deductions– Describe				Balance at End of Period
	(In thousands)
Fiscal 2017
Deducted from asset accounts:
Accounts receivable reserves(1)	$	9,301	$	9,059	—	(3)	$	(11,875	)	(4)	$	6,485
Allowance for doubtful accounts(2)	811		1,366		—	(3)	(518		)	(5)	$	1,659
Fiscal 2016
Deducted from asset accounts:
Accounts receivable reserves(1)	$	8,402	$	10,032	153	(3)	$	(9,286	)	(4)	$	9,301
Allowance for doubtful accounts(2)	454		506		80	(3)	(229		)	(5)	$	811
Fiscal 2015
Deducted from asset accounts:
Accounts receivable reserves(1)	$	8,265	$	10,288	—		$	(10,151	)	(4)	$	8,402
Allowance for doubtful accounts(2)	571		8		—		(125		)	(5)	$	454

_______________________________________________________________________________


(1)	Accounts receivable reserves include estimated reserves for allowances, returns and discounts related to our wholesale operations as discussed in our significant accounting policy disclosure for Revenue Recognition and Accounts Receivable in Note 1 of our consolidated financial statements.


(2)	Allowance for doubtful accounts consists of amounts reserved for our estimate of a customer's inability to meet its financial obligations as discussed in our significant accounting policy disclosure for Revenue Recognition and Accounts Receivable in Note 1 of our consolidated financial statements.


(3)	Addition due to business combinations in Fiscal 2016.


(4)	Principally amounts written off related to customer allowances, returns and discounts.


(5)	Principally accounts written off as uncollectible.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Feb. 03, 2018

Accounting Policies [Abstract]

Principal Business Activity

Fiscal Year

Principles of Consolidation

Business Combinations

Revenue Recognition and Receivables



	Fiscal 2017		Fiscal 2016		Fiscal 2015
Retail	$	427,439	$	411,390	$	408,216
E-commerce	205,475		184,686		161,608
Restaurant	83,900		74,079		68,667
Wholesale	366,123		349,196		329,530
Other	3,274		3,237		1,269
Net sales	$	1,086,211	$	1,022,588	$	969,290

Cost of Goods Sold

SG&A

Cash and Cash Equivalents

We consider cash equivalents to be short-term investments with original maturities of three months or less for purposes of our consolidated statements of cash flows

Inventories, net

Substantially all of our inventories are finished goods inventories of apparel, accessories, footwear and related products. Inventories are valued at the lower of cost or market.

Property and Equipment, net



Leasehold improvements		Lesser of remaining life of the asset or lease term
Furniture, fixtures, equipment and technology		2 – 15 years
Buildings and improvements		7 – 40 years

Intangible Assets

Goodwill, net

Prepaid Expenses and Other Non-Current Assets, net

Deferred Compensation

Accounts Payable, Other Accrued Expenses and Accrued Compensation

Accounts Payable, Accrued Compensation and Other Accrued Expenses and Liabilities

Legal and Other Contingencies

Contingent Consideration

Other Non-current Liabilities

Amounts included in other non-current liabilities primarily consist of deferred rent related to our operating lease agreements as discussed below and deferred compensation as discussed above.

Leases

Foreign Currency Transactions and Translation

Derivative Financial Instruments

Foreign Currency Risk Management

Interest Rate Risk Management

Fair Value Measurements


•	Level 1—Quoted prices in active markets for identical assets or liabilities.


•	Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.


•	Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities, which includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

Equity Compensation

Accumulated Other Comprehensive Loss

Comprehensive Income and Accumulated Other Comprehensive Loss

Dividends

Dividends are accrued at the time declared by our Board of Directors and typically paid within the same fiscal quarter.

Concentration of Credit Risk and Significant Customers

Income Taxes

Earnings Per Share

Earnings (Loss) Per Share

Use of Estimates

Accounting Standards Adopted in Fiscal 2014 and Recently Issued Accounting Standards Applicable to Future Years

Accounting Standards Adopted in Fiscal 2017

Other recently issued guidance that was adopted in Fiscal 2017 did not have a material impact on our consolidated financial statements upon adoption.

Recently Issued Accounting Standards Applicable to Future Years

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 03, 2018

Accounting Policies [Abstract]

SChedule of Disaggregation of Revenue

The table below quantifies the amount of sales by distribution channel (in thousands).



	Fiscal 2017		Fiscal 2016		Fiscal 2015
Retail	$	427,439	$	411,390	$	408,216
E-commerce	205,475		184,686		161,608
Restaurant	83,900		74,079		68,667
Wholesale	366,123		349,196		329,530
Other	3,274		3,237		1,269
Net sales	$	1,086,211	$	1,022,588	$	969,290

Schedule of estimated useful lives of the assets

Depreciation is calculated using both straight-line and accelerated methods generally over the estimated useful lives of the assets as follows:



Leasehold improvements		Lesser of remaining life of the asset or lease term
Furniture, fixtures, equipment and technology		2 – 15 years
Buildings and improvements		7 – 40 years

Operating Groups (Tables)

12 Months Ended

Feb. 03, 2018

Segment Reporting [Abstract]

Schedule of information pertaining to the continuing operations of operating groups

The tables below present certain financial information (in thousands) about our operating groups, as well as Corporate and Other.



	Fiscal 2017			Fiscal 2016			Fiscal 2015
Net Sales
Tommy Bahama	$	686,021		$	658,911		$	658,467
Lilly Pulitzer	248,931			233,294			204,626
Lanier Apparel	106,852			100,753			105,106
Southern Tide	40,940			27,432			—
Corporate and Other	3,467			2,198			1,091
Total	$	1,086,211		$	1,022,588		$	969,290
Depreciation and Amortization of Intangible Assets
Tommy Bahama	$	30,998		$	31,796		$	28,103
Lilly Pulitzer	9,021			7,968			5,644
Lanier Apparel	583			478			456
Southern Tide	441			390			—
Corporate and Other	1,359			1,451			1,557
Total	$	42,402		$	42,083		$	35,760
Operating Income (Loss)
Tommy Bahama	$	55,002		$	44,101		$	65,993
Lilly Pulitzer	46,608			51,995			42,525
Lanier Apparel	6,546			6,955			7,700
Southern Tide	4,504			(282		)	—
Corporate and Other (1)	(26,660		)	(12,885		)	(18,704		)
Total Operating Income	86,000			89,884			97,514
Interest expense, net	3,109			3,421			2,458
Earnings Before Income Taxes	$	82,891		$	86,463		$	95,056
(1) Corporate and Other included a LIFO accounting charge of $7.8 million, a LIFO accounting credit of $5.9 million and a LIFO accounting charge of $0.3 million, in Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively.



	Fiscal 2017		Fiscal 2016		Fiscal 2015
Purchases of Property and Equipment
Tommy Bahama	$	24,962	$	34,191	$	54,490
Lilly Pulitzer	11,150		14,142		17,197
Lanier Apparel	305		295		206
Southern Tide	1,138		27		—
Corporate and Other	1,193		760		529
Total	$	38,748	$	49,415	$	72,422



	February 3, 2018			January 28, 2017
Total Assets
Tommy Bahama	$	439,871		$	451,990
Lilly Pulitzer	142,882			126,506
Lanier Apparel	31,575			30,269
Southern Tide	94,032			96,208
Corporate and Other (1)	(8,419		)	(19,814		)
Total	$	699,941		$	685,159
(1) Total assets for Corporate and Other include LIFO reserves of $61.5 million and $58.0 million as of February 3, 2018 and January 28, 2017, respectively.

Schedule of net book value of the entity's property and equipment, by geographic area

Net book value of our property and equipment, by geographic area is presented below (in thousands):



	February 3, 2018		January 28, 2017
United States	$	187,109	$	186,549
Other foreign (1)	6,424		7,382
Total	$	193,533	$	193,931

Schedule of information for the net sales recognized by geographic area

Net sales recognized by geographic area is presented below (in thousands):



	Fiscal 2017		Fiscal 2016		Fiscal 2015
United States	$	1,048,619	$	986,062	$	932,878
Other foreign (1)	37,592		36,526		36,412
Total	$	1,086,211	$	1,022,588	$	969,290

(1) The net sales outside of the United States primarily relates to our Tommy Bahama international retail operations in Canada, Australia and Japan.

Property and Equipment, Net (Tables)

12 Months Ended

Feb. 03, 2018

Property, Plant and Equipment [Abstract]

Schedule of components of property and equipment, carried at cost

Property and equipment, carried at cost, is summarized as follows (in thousands):



	February 3, 2018			January 28, 2017
Land	$	3,166		$	3,166
Buildings and improvements	36,331			34,986
Furniture, fixtures, equipment and technology	205,854			185,498
Leasehold improvements	231,108			223,253
	476,459			446,903
Less accumulated depreciation and amortization	(282,926		)	(252,972		)
Property and equipment, net	$	193,533		$	193,931

Intangible Assets and Goodwill (Tables)

12 Months Ended

Feb. 03, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of intangible assets by category

Intangible assets by category are summarized below (in thousands):



	February 3, 2018			January 28, 2017
Intangible assets with finite lives	$	52,470		$	46,030
Accumulated amortization	(38,612		)	(35,785		)
Total intangible assets with finite lives, net	13,858			10,245

Intangible assets with indefinite lives:
Trademarks	165,000			165,000
Total intangible assets, net	$	178,858		$	175,245

Schedule of changes in carrying amount of intangible assets by operating group and in total

The changes in carrying amount of intangible assets, by operating group and in total, for Fiscal 2017, Fiscal 2016 and Fiscal 2015 are as follows (in thousands):



	Tommy Bahama			Lilly Pulitzer			Lanier Apparel			Southern Tide			Corporate and Other			Total
Balance, January 31, 2015	$	117,102		$	29,032		$	—		$	—		$	—		$	146,134
Amortization	(1,688		)	(238		)	—			—			—			(1,926		)
Other, including foreign currency	(470		)	—			—			—			—			(470		)
Balance, January 30, 2016	114,944			28,794			—			—			—			143,738
Acquisition	—			—			3,137			30,240			—			33,377
Amortization	(1,599		)	(199		)	(89		)	(263		)	—			(2,150		)
Other, including foreign currency	280			—			—			—			—			280
Balance, January 28, 2017	113,625			28,595			3,048			29,977			—			175,245
Acquisition	—			1,500			—			—			4,440			5,940
Amortization	(1,580		)	(346		)	(172		)	(288		)	(18		)	(2,404		)
Other, including foreign currency	112			—			(35		)	—			—			77
Balance, February 3, 2018	$	112,157		$	29,749		$	2,841		$	29,689		$	4,422		$	178,858

Schedule of changes in the carrying amount of goodwill by operating group and in total

The changes in the carrying amount of goodwill by operating group and in total, for Fiscal 2017, Fiscal 2016 and Fiscal 2015 are as follows (in thousands):



	Tommy Bahama			Lilly Pulitzer		Southern Tide		Corporate and Other		Total
Balance, January 31, 2015	$	801		$	16,495	$	—	$	—	$	17,296
Other, including foreign currency	(73		)	—		—		—		(73		)
Balance, January 30, 2016	728			16,495		—		—		17,223
Acquisition	—			—		42,745		—		42,745
Other, including foreign currency	47			—		—		—		47
Balance, January 28, 2017	775			16,495		42,745		—		60,015
Acquisition	—			3,027		—		3,615		6,642
Other, including foreign currency	46			—		—		—		46
Balance, February 3, 2018	$	821		$	19,522	$	42,745	$	3,615	$	66,703

Shareholders' Equity (Tables)

12 Months Ended

Feb. 03, 2018

Stockholders' Equity Note [Abstract]

Summary of the restricted shares activity

The table below summarizes the restricted share award activity for officers and other key employees (in shares) during Fiscal 2017, Fiscal 2016, and Fiscal 2015:



	Fiscal 2017				Fiscal 2016				Fiscal 2015
	Number of Shares		Weighted- average grant date fair value		Number of Shares		Weighted- average grant date fair value		Number of Shares		Weighted- average grant date fair value
Restricted share awards outstanding at beginning of fiscal year	228,682		$	69	175,886		$	67	91,172		$	59
Service-based restricted share awards granted/issued	58,753		$	56	44,437		$	73	23,637		$	60
Performance-based restricted share awards issued related to prior year performance awards	30,443		$	76	87,009		$	58	87,153		$	78
Restricted share awards vested, including restricted shares repurchased from employees for employees' tax liability	(92,239	)	$	78	(58,711	)	$	51	(4,645	)	$	64
Restricted share awards forfeited	(14,594	)	58		(19,939	)	67		(21,431	)	70
Restricted share awards outstanding at end of fiscal year	211,045		$	63	228,682		$	69	175,886		$	67

Summary of information about the unvested restricted shares and restricted share units



Grant	Number of Unvested Share Awards	Average Market Price on Date of Grant		Vesting Date
Fiscal 2015 Performance-based Restricted Share Awards	68,408	$	58	April 2018
Fiscal 2016 Service-based Restricted Share Awards	30,319	$	76	April 2019
Fiscal 2016 Performance-based Restricted Share Awards	29,576	$	76	April 2019
Fiscal 2017 Service-based Restricted Share Awards	47,605	$	56	April 2020
Other Service-based Restricted Share Awards	35,137	$	59	April 2018 - April 2021
Total	211,045

Schedule of accumulated other comprehensive income (loss)

The following table details the changes in our accumulated other comprehensive loss by component (in thousands), net of related income taxes during Fiscal 2017, Fiscal 2016 and Fiscal 2015.



	Foreign currency translation gain (loss)			Net unrealized gain (loss) on cash flow hedges			Accumulated other comprehensive income (loss)
Balance, January 31, 2015	$	(30,900	)	$	746		$	(30,154	)
Other comprehensive income (loss)	24,071			(746		)	23,325
Balance, January 30, 2016	(6,829		)	—			(6,829		)
Other comprehensive income	1,553			—			1,553
Balance, January 28, 2017	(5,276		)	—			(5,276		)
Other comprehensive income	1,202			—			1,202
Balance, February 3, 2018	$	(4,074	)	$	—		$	(4,074	)

Income Taxes (Tables)

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Summary of the entity's distribution between domestic and foreign earnings (loss) from continuing operations before income taxes and the provision (benefit) for income taxes related to continuing operations

The following table summarizes our distribution between domestic and foreign earnings (loss) before income taxes and the provision (benefit) for income taxes (in thousands):



	Fiscal 2017		Fiscal 2016			Fiscal 2015
Earnings from continuing operations before income taxes:
Domestic	$	78,707	$	84,843		$	96,512
Foreign	4,184		1,620			(1,456		)
Earnings from continuing operations before income taxes	$	82,891	$	86,463		$	95,056

Income taxes:
Current:
Federal	$	11,710	$	19,704		$	33,205
State	3,775		4,475			4,789
Foreign	707		599			138
	16,192		24,778			38,132
Deferred—primarily Federal	1,690		8,108			(1,508		)
Deferred—Foreign	308		(922		)	(105		)
Income taxes	$	18,190	$	31,964		$	36,519

Schedule of reconciliations of the United States federal statutory income tax rates and the entity's effective tax rates

Reconciliations of the United States federal statutory income tax rates and our effective tax rates are summarized as follows:



	Fiscal 2017		Fiscal 2016		Fiscal 2015
Statutory tax rate (1)	33.7	%	35.0	%	35.0	%
State income taxes—net of federal income tax benefit	3.6	%	3.8	%	3.3	%
Impact of foreign operations rate differential (2)	(0.6	)%	(0.4	)%	0.6	%
Valuation allowance against foreign losses and other carry-forwards (3)	1.1	%	(0.6	)%	0.3	%
U.S. Tax Reform impact of change in tax rate on deferred tax amounts	(14.4	)%	—	%	—	%
Other, net	(1.5	)%	(0.8	)%	(0.8	)%
Effective tax rate for continuing operations	21.9	%	37.0	%	38.4	%

(1) The statutory tax rate for Fiscal 2017 is a blended rate that reflects the reduction of the federal corporate marginal tax rate from 35% to 21% effective January 1, 2018.

Schedule of deferred tax assets and liabilities included in the entity's consolidated balance sheets

Deferred tax assets and liabilities included in our consolidated balance sheets are comprised of the following (in thousands):



	February 3, 2018			January 28, 2017
Deferred Tax Assets:
Inventories	$	12,207		$	14,886
Accrued compensation and benefits	7,660			11,817
Receivable allowances and reserves	1,630			2,561
Deferred rent and lease obligations	3,322			6,671
Operating loss and other carry-forwards	4,218			3,691
Other, net	3,739			3,960
Deferred tax assets	32,776			43,586
Deferred Tax Liabilities:
Depreciation and amortization	(10,210		)	(5,360		)
Acquired intangible assets	(31,327		)	(46,524		)
Deferred tax liabilities	(41,537		)	(51,884		)
Valuation allowance	(5,624		)	(4,115		)
Net deferred tax liability	$	(14,385	)	$	(12,413	)

Schedule of deferred income taxes included in the line items in the entity's consolidated balance sheets

The amounts of deferred income taxes included in the following line items in our consolidated balance sheets are as follows (in thousands):



	February 3, 2018			January 28, 2017
Assets:
Deferred tax assets	$	884		$	1,165
Liabilities:
Deferred tax liabilities	(15,269		)	(13,578		)
Net deferred tax liability	$	(14,385	)	$	(12,413	)

Related Party Transactions (Tables)

12 Months Ended

Feb. 03, 2018

Schedule of services provided and fees paid to SunTrust in connection with services

The services provided and fees paid to SunTrust in connection with such services for each period are set forth below (in thousands):



Service	Fiscal 2017		Fiscal 2016		Fiscal 2015
Interest and agent fees for our credit facility	$	640	$	1,190	$	459
Cash management services	$	98	$	92	$	90
Lead arranger, book runner and upfront fees	$	—	$	657	$	—
Other	$	9	$	10	$	56

Summarized Quarterly Data (unaudited) (Tables)

12 Months Ended

Feb. 03, 2018

Quarterly Financial Information Disclosure [Abstract]

Summary of quarterly results

Following is a summary of our Fiscal 2017 and Fiscal 2016, quarterly results (in thousands, except per share amounts):



	First Quarter		Second Quarter		Third Quarter			Fourth Quarter			Total
Fiscal 2017
Net sales	$	272,363	$	284,709	$	235,960		$	293,179		$	1,086,211
Gross profit	$	159,410	$	165,969	$	125,176		$	162,077		$	612,632
Operating income	$	29,959	$	36,402	$	1,124		$	18,515		$	86,000
Net earnings from continuing operations	$	17,197	$	22,689	$	1,072		$	23,743		$	64,701
Income from discontinued operations, net of taxes	$	—	$	—	$	—		$	389		$	389
Net earnings	$	17,197	$	22,689	$	1,072		$	24,132		$	65,090
Net earnings from continuing operations per share:
Basic	$	1.04	$	1.37	$	0.06		$	1.43		$	3.90
Diluted	$	1.03	$	1.36	$	0.06		$	1.41		$	3.87
Income from discontinued operations, net of taxes, per share:
Basic	$	—	$	—	$	—		$	0.02		$	0.02
Diluted	$	—	$	—	$	—		$	0.02		$	0.02
Net earnings per share:
Basic	$	1.04	$	1.37	$	0.06		$	1.45		$	3.92
Diluted	$	1.03	$	1.36	$	0.06		$	1.44		$	3.89
Weighted average shares outstanding:
Basic	16,549		16,605		16,618			16,624			16,600
Diluted	16,695		16,700		16,735			16,802			16,734
Fiscal 2016
Net sales	$	256,235	$	282,996	$	222,308		$	261,049		$	1,022,588
Gross profit	$	151,464	$	164,795	$	118,054		$	145,991		$	580,304
Operating income (loss)	$	32,006	$	38,689	$	(327	)	$	19,516		$	89,884
Net earnings (loss) from continuing operations	$	20,177	$	23,875	$	(1,597	)	$	12,044		$	54,499
Loss from discontinued operations, net of taxes	$	—	$	—	$	—		$	(2,038	)	$	(2,038	)
Net earnings (loss)	$	20,177	$	23,875	$	(1,597	)	$	10,006		$	52,461
Net earnings (loss) from continuing operations per share:
Basic	$	1.22	$	1.45	$	(0.10	)	$	0.73		$	3.30
Diluted	$	1.21	$	1.44	$	(0.10	)	$	0.72		$	3.27



Loss from discontinued operations, net of taxes, per share:
Basic	$	—	$	—	$	—		$	(0.12	)	$	(0.12	)
Diluted	$	—	$	—	$	—		$	(0.12	)	$	(0.12	)
Net earnings (loss) per share:
Basic	$	1.22	$	1.45	$	(0.10	)	$	0.61		$	3.18
Diluted	$	1.21	$	1.44	$	(0.10	)	$	0.60		$	3.15
Weighted average shares outstanding:
Basic	16,503		16,515		16,531			16,537			16,522
Diluted	16,617		16,623		16,531			16,689			16,649

Business Combinations (Tables)

12 Months Ended

Feb. 03, 2018

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes our allocation of the purchase price for the Southern Tide acquisition (in thousands):



	Southern Tide acquisition
Cash and cash equivalents	$	2,423
Receivables	6,616
Inventories (1)	16,251
Prepaid expenses	740
Property and equipment	220
Intangible assets	30,240
Goodwill	42,745
Other non-current assets	344
Accounts payable, accrued expenses and other liabilities	(3,473		)
Deferred taxes	(1,812		)
Purchase price	$	94,294

(1) Includes a step-up of acquired inventory from cost to fair value of $2.7 million. This step-up amount was recognized in Fiscal 2016 in cost of goods sold in our consolidated statement of operations.

The following table summarizes our preliminary allocation of the purchase price for the Fiscal 2017 acquisitions, in the aggregate (in thousands):



	Fiscal 2017 acquisitions
Cash and cash equivalents	$	406
Inventories (1)	3,910
Prepaid expenses and other current assets	595
Property and equipment	682
Intangible assets	5,940
Goodwill	6,642
Accounts payable, accrued expenses and other liabilities	(640		)
Purchase price (2)	$	17,535

(1) Includes a step-up of acquired inventory from cost to fair value of $1.3 million with $1.2 million of this step-up amount recognized in Fiscal 2017 in cost of goods sold in our consolidated statement of operations.
(2) In connection with the Beaufort Bonnet acquisition, we entered into a contingent consideration agreement pursuant to which we will be obligated to pay cash payments to the sellers of up to $3.5 million in the aggregate subject to Beaufort Bonnet's achievement of certain earnings targets over a four year period subsequent to the acquisition. Estimated fair value of the contingent consideration amount as the acquisition date was $0.3 million.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible assets allocated in connection with our purchase price allocation consisted of the following (in thousands):



	Useful life	Fiscal 2017 acquisitions
Finite lived intangible assets acquired:
Trade names and trademarks	20 years	$	4,220
Other intangible assets including reacquired rights, customer relationships and non-compete agreements	3 - 10 years	$	1,720
		$	5,940

Intangible assets allocated in connection with our purchase price allocation consisted of the following (in thousands):



	Useful life	Southern Tide acquisition
Finite lived intangible assets acquired, primarily consisting of customer relationships	5 - 20 years	$	3,440
Trade names and trademarks	Indefinite	26,800
		$	30,240

Business Acquisition, Pro Forma Information

The pro forma statements of operations have been prepared from our and Southern Tide's historical statements of operations for the periods presented, including without limitation, purchase accounting adjustments, but excluding any seller specific management/advisory or similar expenses and any synergies or operating cost reductions that may be achieved from the combined operations in the future.



	Fiscal 2016		Fiscal 2015
Net sales	$	1,034,369	$	1,007,330
Earnings from continuing operations before income taxes	$	92,212	$	95,963
Earnings from continuing operations	$	58,035	$	58,609
Earnings from continuing operations per share:
Basic	$	3.51	$	3.59
Diluted	$	3.49	$	3.57

Discontinued Operations (Tables)

12 Months Ended

Feb. 03, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations

Operating results of the discontinued operations are shown below (in thousands):



	Fiscal 2017			Fiscal 2016			Fiscal 2015
Net sales	$	—		$	—		$	28,081
Cost of goods sold	—			—			17,414
Gross profit	$	—		$	—		$	10,667
SG&A	(629		)	2,928			20,698
Royalties and other operating income	—			—			1,919
Operating income (loss)	$	629		$	(2,928	)	$	(8,112	)
Interest expense, net	—			—			146
Income (loss) from discontinued operations before income taxes	$	629		$	(2,928	)	$	(8,258	)
Income taxes	240			(890		)	(800		)
Income (loss) from discontinued operations, net of taxes	$	389		$	(2,038	)	$	(7,458	)
Loss on sale of discontinued operations, net of taxes	—			—			(20,517		)
Net income (loss) from discontinued operations, net of taxes	$	389		$	(2,038	)	$	(27,975	)



	Fiscal 2017		Fiscal 2016		Fiscal 2015
Depreciation and amortization	$	—	$	136	$	667
Capital expenditures	$	—	$	—	$	660

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760

+ Details

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016	Jan. 31, 2015	Dec. 21, 2010
Fiscal Year
Investments, corporations, significant influence threshold, percentage	20.00%
Investments, limited liability company, significant influence threshold, percentage	3.00%
Business Combinations
Payment of contingent consideration amounts earned	$ 0	$ 0	$ 12,500,000
Revenue Recognition and Accounts Receivable
Bad debt reserve	1,700,000	800,000
Income taxes receivable	5,300,000
Deferred revenue for gift cards purchased by consumers and merchandise credits received by customers but not yet redeemed, less any breakage income recognized	9,900,000	9,500,000
Royalty income	13,500,000	14,000,000	14,200,000
SG&A
Distribution network costs, including shipping and handling	25,000,000	23,600,000	21,600,000
Advertising, promotions and marketing expenses	55,200,000	53,000,000	46,000,000
Prepaid advertising, promotions and marketing expenses	8,600,000	3,700,000
Royalty expenses	6,000,000	4,800,000	4,600,000
Accounts receivable reserves
Revenue Recognition and Accounts Receivable
Valuation Allowances and Reserves, Balance	$ 6,485,000	$ 9,301,000	$ 8,402,000	$ 8,265,000
Maximum
Business Combinations
Allocation period	1 year
Lilly Pulitzer brand and operations \| Maximum
Business Combinations
Contingent consideration					$ 20,000,000

Summary of Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Disaggregation of Revenue [Line Items]
Net sales	$ 1,086,211	$ 1,022,588	$ 969,290
Retail
Disaggregation of Revenue [Line Items]
Net sales	427,439	411,390	408,216
E-commerce
Disaggregation of Revenue [Line Items]
Net sales	205,475	184,686	161,608
Restaurant
Disaggregation of Revenue [Line Items]
Net sales	83,900	74,079	68,667
Wholesale
Disaggregation of Revenue [Line Items]
Net sales	366,123	349,196	329,530
Other
Disaggregation of Revenue [Line Items]
Net sales	$ 3,274	$ 3,237	$ 1,269

Summary of Significant Accounting Policies (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Supplemental Disclosure of Non-cash Investing and Financing Activities
Payment of contingent consideration amounts earned	$ 0	$ 0	$ 12,500

Summary of Significant Accounting Policies (Details 4) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017
Inventories, net
Inventories which are valued at the lower of LIFO cost or market after deducting LIFO reserve	$ 118.0	$ 133.8
Inventories which are valued at the lower of LIFO cost or market (as a percent)	93.00%	94.00%
Inventories which are valued at the lower of FIFO cost or market	$ 8.8	$ 8.4
LIFO reserve	$ 61.5	$ 58.0

Summary of Significant Accounting Policies (Details 5) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017
Furniture, fixtures, equipment and technology \| Minimum
Property and Equipment, net
Estimated useful lives	2 years
Furniture, fixtures, equipment and technology \| Maximum
Property and Equipment, net
Estimated useful lives	15 years
Buildings and improvements \| Minimum
Property and Equipment, net
Estimated useful lives	7 years
Buildings and improvements \| Maximum
Property and Equipment, net
Estimated useful lives	40 years
Information Technology Assets and Outlet Store Assets
Property and Equipment, net
Fixed asset impairment charges	$ 0.9	$ 1.9

Summary of Significant Accounting Policies (Details 6) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Intangible Assets, net
Impairment of intangible assets with indefinite lives	$ 0.0
Impairment of intangible assets with finite lives	0.0
Goodwill, net
Impairment of goodwill	0.0
Prepaid Expenses and Other Non-Current Assets, net
Officers' life insurance policies	5.3	$ 5.1
Amortization expense for deferred financing costs	0.4	0.7	$ 0.4
Unamortized deferred financing costs	1.4	1.8
Deferred Compensation
Deferred compensation investments included in other non-current assets	12.5	11.0
Liabilities associated with the non-qualified deferred compensation plan	$ 12.2	$ 10.9
Maximum
Intangible Assets, net
Finite lived intangible assets amortization period	20 years

Summary of Significant Accounting Policies (Details 7) - USD ($)	Dec. 21, 2010	Feb. 03, 2018	Jan. 28, 2017
Leases
Deferred rent, non-current		$ 61,400,000	$ 57,300,000
Lilly Pulitzer brand and operations
Business Combinations
Period over which contingent consideration will be payable	4 years
Lilly Pulitzer brand and operations \| Maximum
Business Combinations
Contingent consideration	$ 20,000,000

Summary of Significant Accounting Policies (Details 8) $ in Millions	12 Months Ended
	Feb. 03, 2018 USD ($) customer	Jan. 28, 2017 USD ($)	Jan. 30, 2016 USD ($)
Concentration of Credit Risk and Significant Customers
Number of customers \| customer	2
Gift cards purchase amount	$ 9.9	$ 9.5
SG&A
Concentration of Credit Risk and Significant Customers
Prior period reclassification adjustment		2.5	$ 1.5
Cost of goods sold
Concentration of Credit Risk and Significant Customers
Prior period reclassification adjustment		$ (2.5)	$ (1.5)
Consolidated accounts receivable \| Customer concentration risk
Concentration of Credit Risk and Significant Customers
Concentration risk, percentage	12.00%

Operating Groups (Details) - USD ($)	3 Months Ended								12 Months Ended
Operating Groups (Details) - USD ($)	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Operating groups
Net Sales	$ 293,179,000	$ 235,960,000	$ 284,709,000	$ 272,363,000	$ 261,049,000	$ 222,308,000	$ 282,996,000	$ 256,235,000	$ 1,086,211,000	$ 1,022,588,000	$ 969,290,000
Depreciation and Amortization of Intangible Assets									42,402,000	42,083,000	35,760,000
Operating Income (Loss)	18,515,000	$ 1,124,000	$ 36,402,000	$ 29,959,000	19,516,000	$ (327,000)	$ 38,689,000	$ 32,006,000	86,000,000	89,884,000	97,514,000
Interest expense, net									3,109,000	3,421,000	2,458,000
Earnings from continuing operations before income taxes									82,891,000	86,463,000	95,056,000
Purchases of Property and Equipment									38,748,000	49,415,000	73,082,000
Total Assets	699,941,000				685,159,000				699,941,000	685,159,000
LIFO accounting charge	4,100,000				3,600,000				7,800,000	(5,900,000)
LIFO reserve	61,500,000				58,000,000				61,500,000	58,000,000
Corporate and Other
Operating groups
Net Sales									3,467,000	2,198,000	1,091,000
Depreciation and Amortization of Intangible Assets									1,359,000	1,451,000	1,557,000
Operating Income (Loss)									(26,660,000)	(12,885,000)	(18,704,000)
Total Assets	(8,419,000)				(19,814,000)				(8,419,000)	(19,814,000)
LIFO accounting charge									7,800,000	5,900,000	300,000
LIFO reserve	61,500				58,000				61,500	58,000
Tommy Bahama \| Operating Segments
Operating groups
Net Sales									686,021,000	658,911,000	658,467,000
Depreciation and Amortization of Intangible Assets									30,998,000	31,796,000	28,103,000
Operating Income (Loss)									55,002,000	44,101,000	65,993,000
Total Assets	439,871,000				451,990,000				439,871,000	451,990,000
Lilly Pulitzer \| Operating Segments
Operating groups
Net Sales									248,931,000	233,294,000	204,626,000
Depreciation and Amortization of Intangible Assets									9,021,000	7,968,000	5,644,000
Operating Income (Loss)									46,608,000	51,995,000	42,525,000
Total Assets	142,882,000				126,506,000				142,882,000	126,506,000
Lanier Apparel \| Operating Segments
Operating groups
Net Sales									106,852,000	100,753,000	105,106,000
Depreciation and Amortization of Intangible Assets									583,000	478,000	456,000
Operating Income (Loss)									6,546,000	6,955,000	7,700,000
Total Assets	31,575,000				30,269,000				31,575,000	30,269,000
Southern Tide \| Operating Segments
Operating groups
Net Sales									40,940,000	27,432,000	0
Depreciation and Amortization of Intangible Assets									441,000	390,000	0
Operating Income (Loss)									4,504,000	(282,000)	0
Total Assets	$ 94,032,000				$ 96,208,000				94,032,000	96,208,000
Continuing Operations
Operating groups
Purchases of Property and Equipment									38,748,000	49,415,000	72,422,000
Continuing Operations \| Corporate and Other
Operating groups
Purchases of Property and Equipment									1,193,000	760,000	529,000
Continuing Operations \| Tommy Bahama \| Operating Segments
Operating groups
Purchases of Property and Equipment									24,962,000	34,191,000	54,490,000
Continuing Operations \| Lilly Pulitzer \| Operating Segments
Operating groups
Purchases of Property and Equipment									11,150,000	14,142,000	17,197,000
Continuing Operations \| Lanier Apparel \| Operating Segments
Operating groups
Purchases of Property and Equipment									305,000	295,000	206,000
Continuing Operations \| Southern Tide \| Operating Segments
Operating groups
Purchases of Property and Equipment									$ 1,138,000	$ 27,000	$ 0

Operating Groups (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
Operating Groups (Details 2) - USD ($) $ in Thousands	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Geographic area
Net book value of property and equipment, by geographic area	$ 193,533				$ 193,931				$ 193,533	$ 193,931
Net sales	293,179	$ 235,960	$ 284,709	$ 272,363	261,049	$ 222,308	$ 282,996	$ 256,235	1,086,211	1,022,588	$ 969,290
United States
Geographic area
Net book value of property and equipment, by geographic area	187,109				186,549				187,109	186,549
Net sales									1,048,619	986,062	932,878
Other foreign
Geographic area
Net book value of property and equipment, by geographic area	$ 6,424				$ 7,382				6,424	7,382
Net sales									$ 37,592	$ 36,526	$ 36,412

Property and Equipment, Net (Details) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017
Property and Equipment, net
Subtotal	$ 476,459	$ 446,903
Less accumulated depreciation and amortization	(282,926)	(252,972)
Property and equipment, net	193,533	193,931
Land
Property and Equipment, net
Subtotal	3,166	3,166
Buildings and improvements
Property and Equipment, net
Subtotal	36,331	34,986
Furniture, fixtures, equipment and technology
Property and Equipment, net
Subtotal	205,854	185,498
Leasehold improvements
Property and Equipment, net
Subtotal	$ 231,108	$ 223,253

Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016	Feb. 03, 2018	Jan. 28, 2017
Intangible assets with finite lives, which primarily consist of customer relationships:
Intangible assets with finite lives				$ 52,470	$ 46,030
Accumulated amortization				(38,612)	(35,785)
Total intangible assets with finite lives, net				13,858	10,245
Intangible assets with indefinite lives:
Trademarks				165,000	165,000
Total intangible assets, net	$ 175,245	$ 143,738	$ 146,134	178,858	175,245
Changes in carrying amount of intangible assets
Balance at the beginning of the period	175,245	143,738	146,134
Acquisition	5,940	33,377
Amortization	(2,404)	(2,150)	(1,926)
Other, including foreign currency	77	280	(470)
Balance at the end of the period	178,858	175,245	143,738
Expected amortization expense
2018				2,600
2019				1,200
2020				1,200
2021				1,000
2022				800
Operating Segments \| Tommy Bahama
Intangible assets with indefinite lives:
Total intangible assets, net	113,625	114,944	117,102	112,157	113,625
Changes in carrying amount of intangible assets
Balance at the beginning of the period	113,625	114,944	117,102
Amortization	(1,580)	(1,599)	(1,688)
Other, including foreign currency	112	280	(470)
Balance at the end of the period	112,157	113,625	114,944
Operating Segments \| Lilly Pulitzer
Intangible assets with indefinite lives:
Total intangible assets, net	28,595	28,794	29,032	29,749	28,595
Changes in carrying amount of intangible assets
Balance at the beginning of the period	28,595	28,794	29,032
Acquisition	1,500	0
Amortization	(346)	(199)	(238)
Other, including foreign currency	0	0	0
Balance at the end of the period	29,749	28,595	28,794
Operating Segments \| Lanier Apparel
Intangible assets with indefinite lives:
Total intangible assets, net	3,048	3,048		2,841	3,048
Changes in carrying amount of intangible assets
Balance at the beginning of the period	3,048
Acquisition	0	3,137
Amortization	(172)	(89)
Other, including foreign currency	(35)	0	0
Balance at the end of the period	2,841	3,048
Operating Segments \| Southern Tide
Intangible assets with indefinite lives:
Total intangible assets, net	29,977	29,977		29,689	$ 29,977
Changes in carrying amount of intangible assets
Balance at the beginning of the period	29,977
Acquisition	0	30,240
Amortization	(288)	(263)
Other, including foreign currency	0	0	0
Balance at the end of the period	29,689	29,977
Corporate and Other
Intangible assets with indefinite lives:
Total intangible assets, net	4,422			$ 4,422
Changes in carrying amount of intangible assets
Acquisition	4,440	0
Amortization	(18)
Other, including foreign currency	0	$ 0	$ 0
Balance at the end of the period	$ 4,422

Intangible Assets and Goodwill (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Changes in the carrying amount of goodwill
Balance at the beginning of the period	$ 60,015	$ 17,223	$ 17,296
Other, including foreign currency	46	47	(73)
Acquisition	6,642	42,745
Balance at the end of the period	66,703	60,015	17,223
Operating Segments \| Tommy Bahama
Changes in the carrying amount of goodwill
Balance at the beginning of the period	775	728	801
Other, including foreign currency	46	47	(73)
Acquisition	0	0
Balance at the end of the period	821	775	728
Operating Segments \| Lilly Pulitzer
Changes in the carrying amount of goodwill
Balance at the beginning of the period	16,495	16,495	16,495
Other, including foreign currency	0	0	0
Acquisition	3,027	0
Balance at the end of the period	19,522	16,495	16,495
Operating Segments \| Southern Tide
Changes in the carrying amount of goodwill
Balance at the beginning of the period	42,745
Other, including foreign currency	0	0	0
Acquisition	0	42,745
Balance at the end of the period	42,745	42,745
Corporate and Other
Changes in the carrying amount of goodwill
Other, including foreign currency	0	0	$ 0
Acquisition	3,615	$ 0
Balance at the end of the period	$ 3,615

Debt (Details)	12 Months Ended
Debt (Details)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Debt
Long-term debt	$ 45,809,000	$ 91,509,000
U.S. Revolving Credit Agreement
Debt
Weighted average borrowing rate	3.50%
Trade letters of credit outstanding	$ 4,700,000
Unused availability under line of credit	$ 219,700,000
Covenants, Other Restrictions and Prepayment Penalties
Consecutive period during which if threshold is not reached then specified fixed charge coverage ratio must be maintained	3 days
Threshold amount of unused availability for specified fixed charge coverage ratio	$ 23,500,000.0
Threshold percentage of total revolving commitments for specified fixed charge coverage ratio	10.00%
Trailing fiscal period used in calculating the fixed charge coverage ratio under financial covenants	12 months
Period during which percentage of total revolving commitments are required to be maintained	30 days
U.S. Revolving Credit Agreement \| Minimum
Covenants, Other Restrictions and Prepayment Penalties
Fixed charge coverage ratio	1.0
Revolving Credit Facility \| Fourth Amended and Restated Credit Agreement
Debt
Maximum borrowing capacity	$ 325,000,000

Commitments and Contingencies (Details) - USD ($)	12 Months Ended
Commitments and Contingencies (Details) - USD ($)	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Total rent expense, excluding the reduction in rent expense associated with the write-off of deferred rent amounts upon the exit or decision to exit retail stores	$ 92,100,000	$ 87,800,000	$ 82,600,000
Real estate taxes, insurance, other operating expenses and contingent percentage rent included in rent expense	24,800,000	23,900,000	22,100,000
Contingent percentage rent	1,600,000	$ 1,100,000	$ 1,000,000
Aggregate minimum base rental commitments for all non-cancelable operating real property leases with original terms in excess of one year
Fiscal 2018	67,600,000
Fiscal 2019	65,300,000
Fiscal 2020	62,600,000
Fiscal 2021	59,400,000
Fiscal 2022	54,700,000
Thereafter	144,900,000
Future minimum royalty and advertising payments
Fiscal 2018	5,600,000
Fiscal 2019	5,100,000
Fiscal 2020	5,000,000
Fiscal 2021	3,300,000
Fiscal 2022	0
Thereafter	$ 0

Commitments and Contingencies (Details 2)	12 Months Ended
Commitments and Contingencies (Details 2)	Feb. 03, 2018 USD ($) property	Jan. 28, 2017 USD ($)
Remediation activities
Number of properties on which presence of hazardous waste was discovered \| property	1
Reserve for the remediation	$ 500,000	$ 1,200,000
Underpaid Customs Duties
Loss Contingencies [Line Items]
Loss contingency, loss in period		$ 1,300,000
Loss contingency accrual	1,900,000
Beaufort Bonnet
Business Combination, Separately Recognized Transactions [Line Items]
Contingent consideration	$ 3,500,000.0
Period over which contingent consideration will be payable	4 years
Payment for contingent consideration	$ 0

Shareholders' Equity (Details) - $ / shares	Feb. 03, 2018	Jan. 28, 2017
Common Stock
Common stock authorized for issuance (in shares)	60,000,000	60,000,000
Common stock par value (in dollars per share)	$ 1.00	$ 1.00
Common stock issued (in shares)	16,800,000	16,800,000
Common stock outstanding (in shares)	16,800,000	16,800,000

Shareholders' Equity (Details 2) - $ / shares	12 Months Ended
Shareholders' Equity (Details 2) - $ / shares	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Number of Shares
Restricted shares outstanding at end of fiscal year	211,045
Performance shares
Number of Shares
Restricted shares outstanding at end of fiscal year	70,000
Weighted-average grant date fair value
Restricted shares granted (in dollars per share)	$ 56
Restricted share units
Number of Shares
Restricted shares outstanding at end of fiscal year	35,137
Weighted-average grant date fair value
Restricted shares granted (in dollars per share)	$ 59
Long-Term Stock Incentive Plan
Shareholders Equity
Share awards available for issuance	900,000
Additional grants available under the previous plans (in shares)	0
Long-Term Stock Incentive Plan \| Restricted share
Number of Shares
Restricted shares outstanding at beginning of fiscal year	228,682	175,886	91,172
Restricted shares granted	58,753	44,437	23,637
Restricted shares vested, including restricted shares repurchased from employees for employees' tax liability	(92,239)	(58,711)	(4,645)
Restricted shares forfeited	(14,594)	(19,939)	(21,431)
Restricted shares outstanding at end of fiscal year	211,045	228,682	175,886
Weighted-average grant date fair value
Restricted shares outstanding at beginning of fiscal year (in dollars per share)	$ 69	$ 67	$ 59
Restricted shares granted (in dollars per share)	56	73	60
Restricted shares vested, including restricted shares repurchased from employees for employees' tax liability (in dollars per share)	78	51	64
Restricted shares forfeited (in dollars per share)	58	67	70
Restricted shares outstanding at end of fiscal year (in dollars per share)	$ 63	$ 69	$ 67
Long-Term Stock Incentive Plan \| Restricted share \| Minimum
Shareholders Equity
Vesting period	3 years
Long-Term Stock Incentive Plan \| Restricted share \| Maximum
Shareholders Equity
Vesting period	4 years
Long-Term Stock Incentive Plan \| Restricted share units
Number of Shares
Restricted shares granted	30,443	87,009	87,153
Weighted-average grant date fair value
Restricted shares granted (in dollars per share)	$ 76	$ 58	$ 78

Shareholders' Equity (Details 3) $ / shares in Units, $ in Millions	12 Months Ended
	Feb. 03, 2018 USD ($) $ / shares shares
Shareholders Equity
Number of Shares	211,045
Performance shares
Shareholders Equity
Number of Shares	70,000
Average Market Price on Date of Grant (in dollars per share) \| $ / shares	$ 56
Performance shares \| Fiscal 2015
Shareholders Equity
Number of Shares	68,408
Average Market Price on Date of Grant (in dollars per share) \| $ / shares	$ 58
Performance shares \| Fiscal 2016
Shareholders Equity
Number of Shares	29,576
Average Market Price on Date of Grant (in dollars per share) \| $ / shares	$ 76
Restricted share units
Shareholders Equity
Number of Shares	35,137
Average Market Price on Date of Grant (in dollars per share) \| $ / shares	$ 59
Unrecognized compensation expense related to unvested share-based restricted stock awards and the unvested restricted share units (in dollars) \| $	$ 7.6
Restricted share units \| Fiscal 2016
Shareholders Equity
Number of Shares	30,319
Average Market Price on Date of Grant (in dollars per share) \| $ / shares	$ 76
Restricted share units \| Fiscal 2017
Shareholders Equity
Number of Shares	47,605
Average Market Price on Date of Grant (in dollars per share) \| $ / shares	$ 56

Shareholders' Equity (Details 4) - Employee Stock Purchase Plan - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Shareholders Equity
Common stock authorized for issuance (in shares)	400,000
Purchase price of common stock as a percentage of closing market price	85.00%
Stock compensation expense (in dollars)	$ 0.2	$ 0.2	$ 0.2
Preferred Stock
Preferred stock authorized (in shares)	30,000,000	30,000,000
Preferred stock par value (in dollars per share)	$ 1.00	$ 1.00
Preferred shares outstanding (in shares)	0	0
Preferred shares issued (in shares)	0	0

Shareholders' Equity (Details 5) - USD ($) $ in Thousands	12 Months Ended
Shareholders' Equity (Details 5) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Changes in the entity's accumulated other comprehensive loss by component, net of related income taxes
Beginning balance	$ (5,276)	$ (6,829)	$ (30,154)
Other comprehensive income (loss)	1,202	1,553	23,325
Ending balance	(4,074)	(5,276)	(6,829)
Foreign currency translation gain (loss)
Changes in the entity's accumulated other comprehensive loss by component, net of related income taxes
Beginning balance	(5,276)	(6,829)	(30,900)
Other comprehensive income (loss)	1,202	1,553	24,071
Ending balance	(4,074)	(5,276)	(6,829)
Net unrealized gain (loss) on cash flow hedges
Changes in the entity's accumulated other comprehensive loss by component, net of related income taxes
Beginning balance	0	0	746
Other comprehensive income (loss)	0	0	(746)
Ending balance	$ 0	$ 0	$ 0

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Income Tax Disclosure [Abstract]
U.S. Tax Reform, reduction in tax expense	$ 11,500
Earnings from continuing operations before income taxes:
Domestic	78,707	$ 84,843	$ 96,512
Foreign	4,184	1,620	(1,456)
Earnings from continuing operations before income taxes	82,891	86,463	95,056
Current:
Federal	11,710	19,704	33,205
State	3,775	4,475	4,789
Foreign	707	599	138
Total current	16,192	24,778	38,132
Deferred—primarily Federal	1,690	8,108	(1,508)
Deferred—Foreign	308	(922)	(105)
Income taxes	$ 18,190	$ 31,964	$ 36,519
Reconciliations of the United States federal statutory income tax rates and effective tax rates
Statutory rate (as a percent)	33.70%	35.00%	35.00%
State income taxes-net of federal income tax benefit (as a percent)	3.60%	3.80%	3.30%
Impact of foreign operations (as a percent)	(0.60%)	(0.40%)	0.60%
Valuation allowance against foreign losses and other carryforwards (as a percent)	1.10%	(0.60%)	0.30%
U.S. Tax Reform, impact of change in tax rate and other related items	(14.40%)	(0.00%)	(0.00%)
Other, net (as a percent)	(1.50%)	(0.80%)	(0.80%)
Effective rate for continuing operations (as a percent)	21.90%	37.00%	38.40%

Income Taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 2) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017
Deferred Tax Assets:
Inventories	$ 12,207	$ 14,886
Accrued compensation and benefits	7,660	11,817
Receivable allowances and reserves	1,630	2,561
Deferred rent and lease obligations	3,322	6,671
Operating loss and other carry-forwards	4,218	3,691
Other, net	3,739	3,960
Deferred tax assets	32,776	43,586
Deferred Tax Liabilities:
Depreciation and amortization	(10,210)	(5,360)
Acquired intangible assets	(31,327)	(46,524)
Deferred tax liabilities	(41,537)	(51,884)
Valuation allowance	(5,624)	(4,115)
Net deferred tax liability	$ (14,385)	$ (12,413)
United Kingdom, Hong Kong, and Canada
Operating Loss Carryforwards [Line Items]
Operating loss carry-forwards expiration period (at least 20 years)	20 years

Income Taxes (Details 3) - USD ($) $ in Thousands	Feb. 03, 2018	Jan. 28, 2017
Assets:
Deferred tax assets	$ 884	$ 1,165
Liabilities:
Deferred tax liabilities	(15,269)	(13,578)
Net deferred tax liability	$ (14,385)	$ (12,413)

Defined Contribution Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Retirement Benefits [Abstract]
Expense under defined contribution and non-qualified deferred compensation plans	$ 3.6	$ 3.5	$ 3.3

Related Party Transactions (Details)		12 Months Ended
Related Party Transactions (Details)	Dec. 21, 2010 USD ($) period	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)	Jan. 30, 2016 USD ($)
Lilly Pulitzer brand and operations
Related party transactions
Period over which contingent consideration will be payable	4 years
Number of individual performance periods \| period	4
Payment for contingent consideration				$ 12,500,000
Lilly Pulitzer brand and operations \| Mr. Scott A. Beaumont
Related party transactions
Ownership interest in acquiree held by the related party prior to the acquisition (as a percent)	50.00%
Lilly Pulitzer brand and operations \| Maximum
Related party transactions
Contingent consideration payable to the beneficial owners	$ 20,000,000
Contingent consideration payable to the prior owners for each performance period	2,500,000.0
Contingent consideration payable to the prior owners for a cumulative performance period	$ 10,000,000
Beaufort Bonnet
Related party transactions
Contingent consideration payable to the beneficial owners		$ 3,500,000.0
Period over which contingent consideration will be payable		4 years
Payment for contingent consideration		$ 0
Mr. E. Jenner Wood, III \| SunTrust Banks, Inc.
Related party transactions
Interest and agent fees for our credit facility		640,000	$ 1,190,000	459,000
Cash management services		98,000	92,000	90,000
Lead arranger, book runner and upfront fees		0	657,000
Other		$ 9,000	$ 10,000	$ 56,000
Mr. E. Jenner Wood, III \| SunTrust Banks, Inc. \| Maximum
Related party transactions
Aggregate payments as a percentage of gross revenue		1.00%	1.00%	1.00%
Aggregate payments as a percentage of gross revenue of the related party		1.00%	1.00%	1.00%

Summarized Quarterly Data (unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 293,179	$ 235,960	$ 284,709	$ 272,363	$ 261,049	$ 222,308	$ 282,996	$ 256,235	$ 1,086,211	$ 1,022,588	$ 969,290
Gross profit	162,077	125,176	165,969	159,410	145,991	118,054	164,795	151,464	612,632	580,304	556,591
Operating income	18,515	1,124	36,402	29,959	19,516	(327)	38,689	32,006	86,000	89,884	97,514
Net earnings from continuing operations	23,743	1,072	22,689	17,197	12,044	(1,597)	23,875	20,177	64,701	54,499	58,537
Income (loss) from discontinued operations, net of taxes	389	0	0	0	(2,038)	0	0	0	389	(2,038)	(27,975)
Net earnings	$ 24,132	$ 1,072	$ 22,689	$ 17,197	$ 10,006	$ (1,597)	$ 23,875	$ 20,177	$ 65,090	$ 52,461	$ 30,562
Net earnings from continuing operations per share:
Basic (in dollars per share)	$ 1.43	$ 0.06	$ 1.37	$ 1.04	$ 0.73	$ (0.10)	$ 1.45	$ 1.22	$ 3.90	$ 3.30	$ 3.56
Diluted (in dollars per share)	1.41	0.06	1.36	1.03	0.72	(0.10)	1.44	1.21	3.87	3.27	3.54
Income (loss) from discontinued operations, net of taxes, per share:
Basic (in dollars per share)	0.02	0.00	0.00	0.00	(0.12)	0.00	0.00	0.00	0.02	(0.12)	(1.70)
Diluted (in dollars per share)	0.02	0.00	0.00	0.00	(0.12)	0.00	0.00	0.00	0.02	(0.12)	(1.69)
Net earnings per share:
Basic (in dollars per share)	1.45	0.06	1.37	1.04	0.61	(0.10)	1.45	1.22	3.92	3.18	1.86
Diluted (in dollars per share)	$ 1.44	$ 0.06	$ 1.36	$ 1.03	$ 0.60	$ (0.10)	$ 1.44	$ 1.21	$ 3.89	$ 3.15	$ 1.85
Weighted average shares outstanding:
Basic (in shares)	16,624	16,618	16,605	16,549	16,537	16,531	16,515	16,503	16,600	16,522	16,456
Diluted (in shares)	16,802	16,735	16,700	16,695	16,689	16,531	16,623	16,617	16,734	16,649	16,559
LIFO accounting charge (credit)	$ 4,100				$ 3,600				$ 7,800	$ (5,900)
U.S. Tax Reform, reduction in tax expense									$ 11,500

Business Combinations (Narrative) (Details) $ in Thousands		12 Months Ended
Business Combinations (Narrative) (Details) $ in Thousands	Apr. 19, 2016 USD ($)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($) business	Jan. 30, 2016 USD ($)
Business Acquisition [Line Items]
Acquisitions, net of cash acquired		$ 15,529	$ 95,046	$ 0
Fiscal 2017 Business Combinations
Business Acquisition [Line Items]
Purchase price		17,500
Cash acquired		406
Southern Tide
Business Acquisition [Line Items]
Purchase price	$ 85,000
Acquisitions, net of cash acquired	92,000
Cash acquired	2,423
Additional acquisitions
Business Acquisition [Line Items]
Number of Businesses Acquired \| business			2
Payments to Acquire Businesses, Gross			$ 3,100
SG&A \| Fiscal 2017 Business Combinations
Business Acquisition [Line Items]
Transaction costs		$ 1,000
SG&A \| Southern Tide
Business Acquisition [Line Items]
Transaction costs	$ 800

Business Combinations (Summary of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Apr. 19, 2016	Jan. 30, 2016	Jan. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 66,703	$ 60,015		$ 17,223	$ 17,296
Fiscal 2017 Business Combinations
Business Acquisition [Line Items]
Cash and cash equivalents	406
Inventories	3,910
Prepaid expenses	595
Property and equipment	682
Intangible assets	5,940
Goodwill	6,642
Accounts payable, accrued expenses and other liabilities	(640)
Purchase price	17,535
Fiscal 2017 Business Combinations \| Step-up from cost to fair value
Business Acquisition [Line Items]
Inventories	1,300
Fiscal 2017 Business Combinations \| Step-up from cost to fair value \| Cost of goods sold
Business Acquisition [Line Items]
Inventories	1,200
Southern Tide
Business Acquisition [Line Items]
Cash and cash equivalents			$ 2,423
Receivables			6,616
Inventories			16,251
Prepaid expenses			740
Property and equipment			220
Intangible assets			30,240
Goodwill			42,745
Other non-current assets			344
Accounts payable, accrued expenses and other liabilities			(3,473)
Deferred taxes			(1,812)
Purchase price			$ 94,294
Southern Tide \| Step-up from cost to fair value
Business Acquisition [Line Items]
Inventory adjustments		$ 2,700
Beaufort Bonnet
Business Acquisition [Line Items]
Contingent consideration	$ 3,500
Period over which contingent consideration will be payable	4 years
Beaufort Bonnet \| Estimate of Fair Value Measurement [Member]
Business Acquisition [Line Items]
Contingent consideration	$ 300

Business Combinations (Intangible Assets Acquired) (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 19, 2016	Feb. 03, 2018
Fiscal 2017 Business Combinations
Business Acquisition [Line Items]
Intangible assets		$ 5,940
Southern Tide
Business Acquisition [Line Items]
Finite lived intangibles	$ 3,440
Indefinite-lived intangibles	26,800
Intangible assets	$ 30,240
Minimum \| Southern Tide
Business Acquisition [Line Items]
Useful life	5 years
Maximum \| Southern Tide
Business Acquisition [Line Items]
Useful life	20 years
Trade names and trademarks \| Fiscal 2017 Business Combinations
Business Acquisition [Line Items]
Useful life		20 years
Finite lived intangibles		$ 4,220
Other intangible assets including reacquired rights, customer relationships and non-compete agreements \| Fiscal 2017 Business Combinations
Business Acquisition [Line Items]
Finite lived intangibles		$ 1,720
Other intangible assets including reacquired rights, customer relationships and non-compete agreements \| Minimum \| Fiscal 2017 Business Combinations
Business Acquisition [Line Items]
Useful life		3 years
Other intangible assets including reacquired rights, customer relationships and non-compete agreements \| Maximum \| Fiscal 2017 Business Combinations
Business Acquisition [Line Items]
Useful life		10 years

Business Combinations (Pro Forma Information) (Details) - Southern Tide - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 28, 2017	Jan. 30, 2016
Business Acquisition [Line Items]
Net sales	$ 1,034,369	$ 1,007,330
(Loss) earnings from continuing operations before income taxes	92,212	95,963
(Loss) earnings from continuing operations	$ 58,035	$ 58,609
Basic (in usd per share)	$ 3.51	$ 3.59
Diluted (in usd per share)	$ 3.49	$ 3.57

Discontinued Operations (Details) - Disposed of by Sale - Ben Sherman £ in Millions, $ in Millions	Jul. 17, 2015 GBP (£)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Liabilities \| $		$ 2.1	$ 5.4
Ben Sherman UK Acquisition Limited
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest sold	100.00%
Sale price \| £	£ 40.8

Discontinued Operations - Operating Results (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on sale of discontinued operations, net of taxes									$ 0	$ 0	$ (20,517)
Net income (loss) from discontinued operations, net of taxes	$ 389	$ 0	$ 0	$ 0	$ (2,038)	$ 0	$ 0	$ 0	389	(2,038)	(27,975)
Disposed of by Sale \| Ben Sherman
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales									0	0	28,081
Cost of goods sold									0	0	17,414
Gross profit									0	0	10,667
SG&A									(629)	2,928	20,698
Royalties and other operating income									0	0	1,919
Operating income (loss)									629	(2,928)	(8,112)
Interest expense, net									0	0	146
Income (loss) from discontinued operations before income taxes									629	(2,928)	(8,258)
Income taxes									240	(890)	(800)
Income (loss) from discontinued operations, net of taxes									389	(2,038)	(7,458)
Loss on sale of discontinued operations, net of taxes									0	0	(20,517)
Net income (loss) from discontinued operations, net of taxes									$ 389	$ (2,038)	$ (27,975)

Discontinued Operations - Additional Disclosures (Details) - Disposed of by Sale - Ben Sherman - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation	$ 0	$ 136	$ 667
Capital expenditures	$ 0	$ 0	$ 660

SCHEDULE II Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Accounts receivable reserves
Deducted from asset accounts:
Balance at Beginning of Period	$ 9,301	$ 8,402	$ 8,265
Additions Charged to Costs and Expenses	9,059	10,032	10,288
Charged to Other Accounts-Describe	0	153	0
Deductions-Describe	(11,875)	(9,286)	(10,151)
Balance at End of Period	6,485	9,301	8,402
Allowance for doubtful accounts
Deducted from asset accounts:
Balance at Beginning of Period	811	454	571
Additions Charged to Costs and Expenses	1,366	506	8
Charged to Other Accounts-Describe	0	80	0
Deductions-Describe	(518)	(229)	(125)
Balance at End of Period	$ 1,659	$ 811	$ 454