Fair Value Measurements (Tables)

6 Months Ended

Jul. 28, 2012

Financial Assets and Liabilities at Fair Value, Measured on Recurring Basis

The following table presents financial assets and financial liabilities that the Company measures at fair value on a recurring basis. The Company has classified these financial assets and liabilities in accordance with the fair value hierarchy:


	Estimated Fair Value Measurements
(dollars in millions)	Quoted Prices in Active Markets (Level 1)		Significant Observable Other Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
As of July 28, 2012:
Financial Assets:
Money market funds	$	71.8	$	—	$	—	$	71.8
Financial Liabilities:
Interest rate contract⁽¹⁾	$	—	$	—	$	—	$	—

As of July 30, 2011:
Financial Assets:
Money market funds	$	137.5	$	—	$	—	$	137.5
Financial Liabilities:
Interest rate contract⁽¹⁾	$	—	$	3.3	$	—	$	3.3

As of January 28, 2012:
Financial Assets:
Money market funds	$	69.2	$	—	$	—	$	69.2
Financial Liabilities:
Interest rate contract⁽¹⁾	$	—	$	2.0	$	—	$	2.0

⁽¹⁾	The fair value of the interest rate contract is determined using a mark-to-market valuation technique based on an observable interest rate yield curve and adjusting for credit risk.

Asset Impairment Charges by Reporting Segment

The following table summarizes the asset impairment charges by reporting segment:


	13 Weeks Ended				26 Weeks Ended
(dollars in millions)	July 28, 2012		July 30, 2011		July 28, 2012		July 30, 2011
Payless Domestic	$	0.9	$	27.3	$	1.1	$	28.6
Payless International		0.6		2.8		0.8		2.8
PLG Wholesale		—		0.7		—		0.7
PLG Retail		—		3.3		—		3.3

Total	$	1.5	$	34.1	$	1.9	$	35.4