LEASES

The Company leases retail locations, warehouses, showrooms, office space and equipment. The leases, excluding equipment leases, generally provide for the payment of real estate taxes and certain other occupancy expenses. Retail location leases generally are renewable and provide for the payment of percentage rentals based on location sales and other costs associated with the leased property.

At February 3, 2013, minimum annual rental commitments under non-cancelable leases were as follows:



	Capital Leases			Operating Leases		Total
2013	$	8,813		$	309,153	$	317,966
2014	7,607			266,842		274,449
2015	5,637			238,794		244,431
2016	2,781			211,344		214,125
2017	1,849			184,498		186,347
Thereafter	8,310			590,638		598,948
Total minimum lease payments	$	34,997		$	1,801,269	$	1,836,266
Less: Amount representing interest	(3,937		)
Present value of net minimum capital lease payments	$	31,060

The Company’s retail location leases represent $1,350,870 of the total minimum lease payments. The Company’s administrative offices and showrooms located in New York, New York represent $94,227 of the total minimum lease payments. The Company’s corporate, finance and retail administrative offices located in Bridgewater, New Jersey represent $46,164 of the total minimum lease payments. The Company’s Calvin Klein administrative offices and showrooms represent $33,025 of the total minimum lease payments. The Company’s Tommy Hilfiger administrative offices and showrooms, most of which are located in Amsterdam, The Netherlands and New York, New York represent $85,781 and $73,477, respectively, of the total minimum lease payments.

At February 3, 2013, aggregate future minimum rentals to be received under non-cancelable capital and operating subleases were $0 and $24,314, respectively.

Rent expense was as follows:



	2012			2011			2010
Minimum	$	318,659		$	290,936		$	239,425
Percentage and other	127,581			95,352			49,069
Less: Sublease rental income	(3,366		)	(3,441		)	(2,925		)
Total	$	442,874		$	382,847		$	285,569

The gross book value of assets under capital leases, which are classified within property, plant and equipment in the Company’s Consolidated Balance Sheets, amounted to $45,813 and $40,270 as of February 3, 2013 and January 29, 2012, respectively. Accumulated amortization related to assets under capital leases amounted to $14,604 and $10,570 as of February 3, 2013 and January 29, 2012, respectively. The Company includes amortization of assets under capital leases in depreciation and amortization expense. The Company incurred $0 during each of the years ended February 3, 2013 and January 29, 2012 in percentage rentals under capital leases.