Quarterly Financial Data (Unaudited) (Notes)

12 Months Ended

Jan. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

QUARTERLY FINANCIAL DATA (UNAUDITED)

	2014 Quarters Ended
(in thousands, except per share amounts)	April 30		July 31		October 31 a		January 31
Net sales	$	1,012,132	$	992,930	$	959,589	$	1,285,262
Gross profit	589,526		595,163		570,871		781,615
Earnings from operations	209,793		208,521		168,491		304,624
Net earnings	125,609		124,120		38,268		196,182
Net earnings per share:
Basic	$	0.97	$	0.96	$	0.30	$	1.52
Diluted	$	0.97	$	0.96	$	0.29	$	1.51

^a  On a pre-tax basis, includes a charge of $93,779,000 for the quarter ended October 31, which reduced net earnings per diluted share by $0.47, associated with the redemption of $400,000,000 in aggregate principal amount of the Private Placement Notes prior to their scheduled maturities (see "Note G - Debt").

	2013 Quarters Ended
(in thousands, except per share amounts)	April 30 a		July 31		October 31		January 31 b
Net sales	$	895,484	$	925,884	$	911,478	$	1,298,284
Gross profit	503,224		532,129		519,481		785,609
Earnings (loss) from operations	141,158		176,886		153,618		(167,333		)
Net earnings (loss)	83,577		106,781		94,610		(103,599		)
Net earnings (loss) per share:
Basic	$	0.66	$	0.84	$	0.74	$	(0.81	)
Diluted	$	0.65	$	0.83	$	0.73	$	(0.81	)

^a  On a pre-tax basis, includes charges of $9,379,000 for the quarter ended April 30, which reduced net earnings per diluted share by $0.05, associated with severance related to staffing reductions and subleasing of certain office space for which only a portion of the Company's future rent obligations will be recovered (see "Note J - Commitments and Contingencies").

^b  On a pre-tax basis, includes charges of $480,211,000 for the quarter ended January 31, related to the adverse arbitration ruling between The Swatch Group Ltd. and the Company (see "Note J - Commitments and Contingencies") and pre-tax income of $7,489,000 associated with foreign currency transaction gains on this expense. This reduced net earnings per diluted share by $2.27 when using weighted-average diluted shares of 129,283,000, which include 1,091,000 of incremental shares based upon the assumed exercise of stock options and unvested restricted stock units.

Basic and diluted earnings per share are computed independently for each quarter presented. Accordingly, the sum of the quarterly earnings per share may not agree with the calculated full year earnings per share.