XML 44 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
NONCASH INVESTING AND FINANCING TRANSACTIONS
9 Months Ended
Oct. 28, 2012
Notes to Financial Statements [Abstract]  
NONCASH INVESTING AND FINANCING TRANSACTIONS
NONCASH INVESTING AND FINANCING TRANSACTIONS

During the thirty-nine weeks ended October 28, 2012 and October 30, 2011, the Company recorded increases to goodwill of $37,050 and $37,333, respectively, related to liabilities incurred for contingent purchase price payments to Mr. Calvin Klein. Such amounts are not due or paid in cash until 45 days subsequent to the Company’s applicable quarter end. As such, during the thirty-nine weeks ended October 28, 2012 and October 30, 2011, the Company paid $35,509 and $35,196, respectively, in cash related to contingent purchase price payments to Mr. Calvin Klein that were recorded as additions to goodwill during the periods the liabilities were incurred.

During the first quarter of 2012, one of the holders of the Company’s Series A convertible preferred stock converted an aggregate of 4 shares into 2,095 shares of the Company’s common stock, resulting in a decrease in Series A convertible
preferred stock of $94,297, an increase in common stock of $2,095, and an increase in additional paid in capital of $92,202. Please see Note 12, “Stockholders’ Equity.”

During the first quarter of 2011, the Company recorded a loss of $12,876 to write-off previously capitalized debt issuance costs in connection with the amendment and restatement of its senior secured credit facility.

During the third quarter of 2011, the Company reacquired the rights in India to the Tommy Hilfiger trademarks that had been subject to a perpetual license. The Company is required to make annual contingent purchase price payments based on a percentage of annual sales in excess of an agreed upon threshold of Tommy Hilfiger products in India for a period of five years (or, under certain circumstances, a period of six years) following the acquisition date. Such payments are subject to a $25,000 aggregate maximum and are due within 60 days following each one year period. The first one year period commenced on July 1, 2011. The fair value of such contingent purchase price payments, which was recorded as a liability as of the acquisition date, was estimated to be $9,559 as of the acquisition date and remeasured at $9,639 as of October 28, 2012.