2014 Q1 Form 10-K Financial Statement

#000119312514098050 Filed on March 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1 2012 Q4
Revenue $1.042B $1.117B $910.4M
YoY Change -6.75% 8.62% 11.1%
Cost Of Revenue $735.7M $657.3M $531.3M
YoY Change 11.93% -1.32% 4.75%
Gross Profit $306.0M $459.8M $379.1M
YoY Change -33.44% 26.9% 21.4%
Gross Profit Margin 29.38% 41.16% 41.64%
Selling, General & Admin $222.2M $254.8M $219.1M
YoY Change -12.79% 19.01% 18.01%
% of Gross Profit 72.61% 55.42% 57.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.10M $30.70M $31.90M
YoY Change 14.33% -11.53% -9.12%
% of Gross Profit 11.47% 6.68% 8.41%
Operating Expenses $256.9M $284.9M $219.1M
YoY Change -9.83% 14.79% 18.01%
Operating Profit $49.12M $174.9M $128.5M
YoY Change -71.92% 53.23% 39.49%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $1.400M $2.822M
YoY Change -100.0% 366.67% -793.37%
Pretax Income $24.00M $141.4M $131.4M
YoY Change -83.03% 48.37% 43.18%
Income Tax $13.50M $46.60M $48.92M
% Of Pretax Income 56.25% 32.96% 37.24%
Net Earnings $10.51M $94.80M $78.61M
YoY Change -88.91% 84.85% 49.94%
Net Earnings / Revenue 1.01% 8.49% 8.63%
Basic Earnings Per Share $0.05 $0.40
Diluted Earnings Per Share $0.05 $470.7K $0.39
COMMON SHARES
Basic Shares Outstanding 193.8M shares 194.1M shares 197.2M shares
Diluted Shares Outstanding 202.0M shares

Balance Sheet

Concept 2014 Q1 2013 Q1 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $428.9M $631.0M $544.7M
YoY Change -32.03% -15.3% 13.17%
Cash & Equivalents $418.9M $509.1M $544.7M
Short-Term Investments $98.90M $373.8M $155.0M
Other Short-Term Assets $133.7M $141.5M $124.5M
YoY Change -5.51% 5.13% -3.11%
Inventory $291.5M $332.5M $481.2M
Prepaid Expenses
Receivables $73.88M $46.32M $47.43M
Other Receivables $1.158M $5.701M $0.00
Total Short-Term Assets $928.0M $1.142B $1.208B
YoY Change -18.73% -11.32% 0.14%
LONG-TERM ASSETS
Property, Plant & Equipment $633.0M $509.6M $527.4M
YoY Change 24.2% -12.46% -16.22%
Goodwill $13.53M $11.48M $11.49M
YoY Change 17.82% 0.13% -0.17%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.55M $23.72M $25.07M
YoY Change 92.05% 44.76% 70.66%
Total Long-Term Assets $766.2M $614.3M $625.6M
YoY Change 24.73% -7.4% -11.21%
TOTAL ASSETS
Total Short-Term Assets $928.0M $1.142B $1.208B
Total Long-Term Assets $766.2M $614.3M $625.6M
Total Assets $1.694B $1.756B $1.833B
YoY Change -3.52% -9.98% -4.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $203.9M $176.9M $213.2M
YoY Change 15.26% -3.76% -4.35%
Accrued Expenses $147.2M $189.9M $151.9M
YoY Change -22.49% 15.44% 30.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $415.5M $435.9M $443.5M
YoY Change -4.69% 7.52% 11.84%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $36.46M $20.38M $15.73M
YoY Change 78.86% -3.85% -11.87%
Total Long-Term Liabilities $112.5M $98.96M $106.1M
YoY Change 13.69% -23.02% -19.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $415.5M $435.9M $443.5M
Total Long-Term Liabilities $112.5M $98.96M $106.1M
Total Liabilities $528.0M $534.9M $549.6M
YoY Change -1.29% 0.17% 4.1%
SHAREHOLDERS EQUITY
Retained Earnings $1.570B $1.553B $1.523B
YoY Change 1.08% -12.33% -12.7%
Common Stock $575.5M $629.6M $601.8M
YoY Change -8.59% 13.37% 8.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $991.3M $990.7M $870.3M
YoY Change 0.06% 5.56% -7.77%
Treasury Stock Shares $56.42M 56.96M shares 51.70M shares
Shareholders Equity $1.166B $1.221B $1.284B
YoY Change
Total Liabilities & Shareholders Equity $1.694B $1.756B $1.833B
YoY Change -3.52% -9.98% -4.05%

Cashflow Statement

Concept 2014 Q1 2013 Q1 2012 Q4
OPERATING ACTIVITIES
Net Income $10.51M $94.80M $78.61M
YoY Change -88.91% 84.85% 49.94%
Depreciation, Depletion And Amortization $35.10M $30.70M $31.90M
YoY Change 14.33% -11.53% -9.12%
Cash From Operating Activities $156.7M $284.8M $156.1M
YoY Change -44.98% -0.9% 323.04%
INVESTING ACTIVITIES
Capital Expenditures -$66.60M -$22.90M -$24.00M
YoY Change 190.83% 554.29% -62.44%
Acquisitions
YoY Change
Other Investing Activities $2.100M -$122.0M $7.000M
YoY Change -101.72% -262.23% -87.32%
Cash From Investing Activities -$64.50M -$144.8M -$16.90M
YoY Change -55.46% -302.23% 96.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.10M -175.7M -291.4M
YoY Change -87.42% 796.43% 681.23%
NET CHANGE
Cash From Operating Activities 156.7M 284.8M 156.1M
Cash From Investing Activities -64.50M -144.8M -16.90M
Cash From Financing Activities -22.10M -175.7M -291.4M
Net Change In Cash 70.10M -35.70M -152.2M
YoY Change -296.36% -110.52% 1591.11%
FREE CASH FLOW
Cash From Operating Activities $156.7M $284.8M $156.1M
Capital Expenditures -$66.60M -$22.90M -$24.00M
Free Cash Flow $223.3M $307.7M $180.1M
YoY Change -27.43% 5.78% 78.67%

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CY2014 us-gaap Revenue Recognition Loyalty Programs
RevenueRecognitionLoyaltyPrograms
<div> <p style="margin-top:18px;margin-bottom:0px; margin-left:2%"> <font style="font-family:Times New Roman" size="2"><b><i>Co-branded Credit Card and Customer Loyalty Program</i></b></font></p> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The Company offers a co-branded credit card (the &#x201C;AEO Visa Card&#x201D;) and a private label credit card (the &#x201C;AEO Credit Card&#x201D;) under the AEO and aerie brands. These credit cards are issued by a third-party bank (the &#x201C;Bank&#x201D;), and the Company has no liability to the Bank for bad debt expense, provided that purchases are made in accordance with the Bank&#x2019;s procedures. Once a customer is approved to receive the AEO Visa Card or the AEO Credit Card and the card is activated, the customer is eligible to participate in the credit card rewards program. Customers who make purchases at AEO and aerie earn discounts in the form of savings certificates when certain purchase levels are reached. Also, AEO Visa Card customers who make purchases at other retailers where the card is accepted earn additional discounts. Savings certificates are valid for 90 days from issuance.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">Points earned under the credit card rewards program on purchases at AEO and aerie are accounted for by analogy to ASC 605-25, Revenue Recognition, <i>Multiple Element Arrangements</i> (&#x201C;ASC 605-25&#x201D;).&#xA0;The Company believes that points earned under its point and loyalty programs represent deliverables in a multiple element arrangement rather than a rebate or refund of cash.&#xA0;Accordingly, the portion of the sales revenue attributed to the award points is deferred and recognized when the award is redeemed or when the points expire. Additionally, credit card reward points earned on non-AEO or aerie purchases are accounted for in accordance with ASC 605-25.&#xA0;As the points are earned, a current liability is recorded for the estimated cost of the award, and the impact of adjustments is recorded in cost of sales.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%;padding-bottom:0px;"> <font style="font-family:Times New Roman" size="2">The Company offers its customers the AEREWARDS<font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&#xAE;</sup></font> loyalty program (the &#x201C;Program&#x201D;).&#xA0;Under the Program, customers accumulate points based on purchase activity and earn rewards by reaching certain point thresholds during three-month earning periods. Rewards earned during these periods are valid through the stated expiration date, which is approximately one month from the mailing date of the reward. These rewards can be redeemed for a discount on a purchase of merchandise. Rewards not redeemed during the one-month redemption period are forfeited.&#xA0;The Company determined that rewards earned using the Program should be accounted for in accordance with ASC 605-25.&#xA0;Accordingly, the portion of the sales revenue attributed to the award credits is deferred and recognized when the awards are redeemed or expire.</font></p> </div>
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.375
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194475000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.344 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
22.55
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
229856000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01 pure
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1673000 shares
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.02 pure
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.42 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M
CY2014 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
3204000 shares
CY2014 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-2600000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.04 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.17
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.020 pure
CY2014 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fiscal Year</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Our financial year is a 52/53&#xA0;week year that ends on the Saturday nearest to January&#xA0;31. As used herein, &#x201C;Fiscal 2014&#x201D; refers to the 52 week period ending January&#xA0;31, 2015. &#x201C;Fiscal 2013&#x201D; refers to the 52 week period ended February&#xA0;1, 2014. &#x201C;Fiscal 2012&#x201D; refers to the 53 week period ended February&#xA0;2, 2013. &#x201C;Fiscal 2011,&#x201D; &#x201C;Fiscal 2010&#x201D; and &#x201C;Fiscal 2009&#x201D; refer to the 52&#xA0;week periods ended January&#xA0;28, 2012,&#xA0;January&#xA0;29, 2011 and January&#xA0;30, 2010, respectively.</font></p> </div>
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.43
CY2014 us-gaap Revenue Recognition Gift Cards
RevenueRecognitionGiftCards
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Gift Cards</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The value of a gift card is recorded as a current liability upon purchase and revenue is recognized when the gift card is redeemed for merchandise. The Company estimates gift card breakage and recognizes revenue in proportion to actual gift card redemptions as a component of total net revenue. The Company determines an estimated gift card breakage rate by continuously evaluating historical redemption data and the time when there is a remote likelihood that a gift card will be redeemed. The Company recorded gift card breakage of $7.3 million, $8.9 million and $6.5 million during Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively.</font></p> </div>
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y7M6D
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
605000 shares
CY2014 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:18px;margin-bottom:0px; margin-left:2%"> <font style="font-family:Times New Roman" size="2"><b><i>Reclassifications</i></b></font></p> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">Certain reclassifications have been made to the Consolidated Financial Statements for prior periods in order to conform to the current period presentation.</font></p> </div>
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.04 pure
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.43
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
475000 shares
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1022000
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
8833000
CY2014 us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
-40148000
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18px;margin-bottom:0px; margin-left:2%"> <font style="font-family:Times New Roman" size="2"><b><i>Estimates</i></b></font></p> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#x201C;GAAP&#x201D;) requires the Company&#x2019;s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, our management reviews its estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.</font></p> </div>
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1184000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
440000
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10844000
CY2014 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
5215000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2294000
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65843000
CY2014 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
20751000
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
8700000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
82983000
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
2839000
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17140000
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-8151000
CY2014 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2014 us-gaap Dividends Common Stock
DividendsCommonStock
70815000
CY2014 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
27605000
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
192802000 shares
CY2014 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2014 us-gaap Interest Paid
InterestPaid
387000
CY2014 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1378000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
142077000
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-17140000
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29511000
CY2014 us-gaap Gross Profit
GrossProfit
1113999000
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
141055000
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
6835000
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
82983000
CY2014 us-gaap Revenue Recognition Gift Cards Breakage
RevenueRecognitionGiftCardsBreakage
7300000
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
33051000
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y9M18D
CY2014 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 Segment
CY2014 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
278499000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
157669000
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
65496000
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
36089000
CY2014 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
52065000
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-17140000
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
72280000
CY2014 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3305802000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-15592000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-116526000
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Discontinued Operations
EffectOfExchangeRateOnCashAndCashEquivalentsDiscontinuedOperations
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
20188000
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4930000
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
CY2014 us-gaap Increase Decrease In Employee Related Liabilities
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-42465000
CY2014 us-gaap Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
8746000
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
260668000
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
-6541000
CY2014 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
9600000
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
131974000
CY2014 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
146873000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-90186000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9162000
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
284397000
CY2014 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
162785000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-195365000
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
453000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
29794000
CY2014 us-gaap Advertising Expense
AdvertisingExpense
87000000
CY2014 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
796505000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
59094000
CY2014 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
33051000
CY2014 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
6576000
CY2014 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4100000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3900000
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
28568000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
20611000
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6197000
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
44465000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1118000
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
134047000
CY2014 us-gaap Sales Returns Goods
SalesReturnsGoods
85871000
CY2014 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
14600000
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
8833000
CY2014 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-25840000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2714000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
38906000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-50000
CY2014 us-gaap Depreciation
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116761000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
695000
CY2014 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
44465000
CY2014 us-gaap Income Tax Effects Allocated Directly To Equity Equity Transactions
IncomeTaxEffectsAllocatedDirectlyToEquityEquityTransactions
-8700000
CY2014 aeo Payments To Repurchase Common Stock From Employees
PaymentsToRepurchaseCommonStockFromEmployees
23386000
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2014 aeo Deferred Compensation Arrangement With Individual Vesting Period
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P20Y6M
CY2014 aeo Entity Wide Disclosure Geographic Areas Long Lived Assets In Country Of Domicile
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618715000
CY2014 aeo Share Based Compensation Shares Authorized Under Stock Option Plans Exercised In Period Exercise Price Range Lower Range Limit
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4.24
CY2014 aeo Percentage Of Net Sales
PercentageOfNetSales
1.00 pure
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
196211000 shares
CY2014 aeo Share Based Compensation Shares Authorized Under Stock Option Plans Exercised In Period Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisedInPeriodExercisePriceRangeUpperRangeLimit
19.28
CY2014 aeo Deferred Tax Assets Operating Loss Carryforwards Expiration Year
DeferredTaxAssetsOperatingLossCarryforwardsExpirationYear
2018
CY2014 aeo Cost Of Sales Including Certain Buying Occupancy And Warehousing Expenses
CostOfSalesIncludingCertainBuyingOccupancyAndWarehousingExpenses
2191803000
CY2014 aeo Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageExercisePrice
10.27
CY2014 aeo Tax Credit Carryforward Beginning Expiration Year
TaxCreditCarryforwardBeginningExpirationYear
2018
CY2014 aeo Provision For Deferred Income Tax Expense Benefit
ProvisionForDeferredIncomeTaxExpenseBenefit
20187000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.006 pure
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
CY2014 aeo Tax Credit Carryforward Expiration Year
TaxCreditCarryforwardExpirationYear
2019
CY2014 aeo Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.080 pure
CY2014 aeo Tax Loss Carryforwards Maximum Period Carried Forward
TaxLossCarryforwardsMaximumPeriodCarriedForward
P16Y
CY2014 aeo Offices Distribution Facilities Equipment And Other Expenses
OfficesDistributionFacilitiesEquipmentAndOtherExpenses
17153000
CY2014 aeo Share Repurchases Related To Employee Stock Based Compensation Awards Value
ShareRepurchasesRelatedToEmployeeStockBasedCompensationAwardsValue
23385000
CY2014 aeo Tax Loss Carryforwards Minimum Period Carried Forward
TaxLossCarryforwardsMinimumPeriodCarriedForward
P10Y
CY2014 aeo Operating Leases Rent Expenses
OperatingLeasesRentExpenses
267244000
CY2014 aeo Sales Return Reserve Adjustments
SalesReturnReserveAdjustments
83595000
CY2014 aeo Defined Contribution Plan Employee Contributions Percentage Of Eligible Compensation
DefinedContributionPlanEmployeeContributionsPercentageOfEligibleCompensation
0.03 pure
CY2014 aeo Lease Term
LeaseTerm
P10Y
CY2014 aeo Payments To Settle Equity Compensation
PaymentsToSettleEquityCompensation
CY2014 aeo Increase Decrease In Deferred Lease Credits
IncreaseDecreaseInDeferredLeaseCredits
583000
CY2014 aeo Increase Decrease In Unredeemed Gift Cards And Gift Certificates
IncreaseDecreaseInUnredeemedGiftCardsAndGiftCertificates
1269000
CY2011 aeo Tax Loss Carryforwards Maximum Period Carried Forward
TaxLossCarryforwardsMaximumPeriodCarriedForward
P5Y
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.05
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
200665000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.412 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
499671000
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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4454000 shares
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-0.03 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.34 pure
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P4Y
CY2013 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
7443000 shares
CY2013 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-14300000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.01 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.72
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.028 pure
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.35
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.16
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03 pure
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.32
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.16
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
93939000
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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