Restructuring Charge (Tables)

3 Months Ended

May 02, 2015

Restructuring Charge [Abstract]

Restructuring and Related Costs [Table Text Block]

The following table presents a reconciliation of the reserve established in connection with the 2015 Restructuring for the quarter ended May 2, 2015:

	Quarter Ended May 2, 2015
	Severance and Related Costs		Other Restructuring Costs			Total
	(in thousands)
Balance at January 31, 2015	$	—	$	—		$	—
Restructuring charge	3,434		2,941			6,375
Cash payments	—		(1,223		)	(1,223		)
Balance at May 2, 2015	$	3,434	$	1,718		$	5,152

Approximately $3.4 million and $1.7 million of the reserve related to the 2015 Restructuring is included in “Accrued salaries and bonus” and “Accrued expenses and other current liabilities,” respectively, on the Company’s Condensed Consolidated Balance Sheet at May 2, 2015.

During the first quarter of Fiscal 2014, the Company executed an organizational restructuring in support of its omni-channel retail strategy and its strategic growth initiatives (the “2014 Restructuring”). As part of the restructuring, the Company realigned certain functions within its corporate workforce, including its marketing, merchandise planning, procurement and allocation functions, to eliminate redundancy and integrate processes to better support its brands and serve its clients. These actions resulted in the separation of approximately 100 full-time associates. In connection with this effort, the Company recorded a pre-tax restructuring charge of approximately $17.3 million for severance and other costs during the first quarter of Fiscal 2014. No additional charges related to the 2014 Restructuring were recorded during the first quarter of Fiscal 2015. The Company expects to pay all amounts accrued in connection with the 2014 Restructuring by 2017.

The following tables present a reconciliation of the reserve established in connection with the 2014 Restructuring for the quarters ended May 2, 2015 and May 3, 2014:

	Quarter Ended May 2, 2015
	Severance and Related Costs			Other Restructuring Costs		Total
	(in thousands)
Balance at January 31, 2015	$	8,326		$	—	$	8,326
Restructuring charge	—			—		—
Cash payments	(2,028		)	—		(2,028		)
Balance at May 2, 2015	$	6,298		$	—	$	6,298

	Quarter Ended May 3, 2014
	Severance and Related Costs			Other Restructuring Costs			Total
	(in thousands)
Balance at February 1, 2014	$	—		$	—		$	—
Restructuring charge	16,742			561			17,303
Cash payments	(1,251		)	(561		)	(1,812		)
Reclassification to restructuring reserve (1)	1,867			—			1,867
Balance at May 3, 2014	$	17,358		$	—		$	17,358

(1) Prior compensation accruals related to associates separated in connection with the restructuring were reclassified to the restructuring reserve.