XML 41 R23.htm IDEA: XBRL DOCUMENT v3.3.1.900
Shareholders' Equity
 12 Months Ended
Jan. 30, 2016
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
SHAREHOLDERS' EQUITY

Stock Repurchase Program
On August 25, 2011, the Board of Directors approved a stock repurchase program (“2011 Program”) authorizing the repurchase of up to 2.5 million shares of the Company’s outstanding common stock. The Company can use the repurchase program to repurchase shares on the open market or in private transactions from time to time, depending on market conditions. The repurchase program does not have an expiration date. Repurchases of common stock are limited under the Company’s debt agreements. During 2015, there were 151,500 shares repurchased under the 2011 Program and during 2013 and 2014, no shares were repurchased under the stock repurchase program. Therefore, there were 2.3 million shares authorized to be repurchased under the 2011 Program as of January 30, 2016.

Repurchases Related to Employee Share-based Awards
During 2015 and 2014, 222,110 shares and 172,471 shares, respectively, were tendered by employees related to certain share-based awards. These shares were tendered in satisfaction of the exercise price of stock options and/or to satisfy minimum tax withholding amounts for non-qualified stock options, restricted stock and stock performance awards. Accordingly, these share repurchases are not considered a part of the Company’s publicly announced stock repurchase programs.

Accumulated Other Comprehensive (Loss) Income
The following table sets forth the changes in accumulated other comprehensive (loss) income, net of tax, by component for 2015, 2014 and 2013:
($ thousands)
Foreign Currency Translation

 
Pension and Other Postretirement Transactions (1)

 
Derivative Transactions (2)

 
Accumulated Other Comprehensive Income (Loss)

Balance at February 2, 2013
$
6,912

 
$
(5,947
)
 
$
(81
)
 
$
884

Other comprehensive (loss) income before reclassifications
(4,556
)
 
19,136

 
1,260

 
15,840

Reclassifications:
 
 
 
 
 
 
 
Amounts reclassified from accumulated other comprehensive (loss) income
—

 
617

 
(670
)
 
(53
)
Tax (benefit) provision
—

 
(224
)
 
229

 
5

Net reclassifications
—

 
393

 
(441
)
 
(48
)
Other comprehensive (loss) income
(4,556
)
 
19,529

 
819

 
15,792

Balance at February 1, 2014
$
2,356

 
$
13,582

 
$
738

 
$
16,676

Other comprehensive loss before reclassifications
(3,101
)
 
(10,235
)
 
(411
)
 
(13,747
)
Reclassifications:
 
 
 
 
 
 
 
Amounts reclassified from accumulated other comprehensive (loss) income
—

 
(204
)
 
(142
)
 
(346
)
Tax provision
—

 
90

 
39

 
129

Net reclassifications
—

 
(114
)
 
(103
)
 
(217
)
Other comprehensive loss
(3,101
)
 
(10,349
)
 
(514
)
 
(13,964
)
Balance at January 31, 2015
$
(745
)
 
$
3,233

 
$
224

 
$
2,712

Other comprehensive (loss) income before reclassifications
(155
)
 
(7,559
)
 
74

 
(7,640
)
Reclassifications:
 
 
 
 
 
 
 
Amounts reclassified from accumulated other comprehensive (loss) income
—

 
(1,706
)
 
177

 
(1,529
)
Tax provision (benefit)
—

 
676

 
(83
)
 
593

Net reclassifications
—

 
(1,030
)
 
94

 
(936
)
Other comprehensive (loss) income
(155
)
 
(8,589
)
 
168

 
(8,576
)
Balance at January 30, 2016
$
(900
)
 
$
(5,356
)
 
$
392

 
$
(5,864
)

(1) 
Amounts reclassified are included in selling and administrative expenses. Refer to Note 5 to the consolidated financial statements for additional information related to pension and other postretirement benefits.
(2) 
Amounts reclassified are included in net sales, costs of goods sold and selling and administrative expenses. Refer to Note 12 and Note 13 to the consolidated financial statements for additional information related to derivative financial instruments.