$AEO
AMERICAN EAGLE OUTFITTERS INC

2016 Q3 Form 10-Q Financial Statement

#000156459016024665 Filed on August 24, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3 2015 Q2
Revenue $822.6M $797.4M $699.5M
YoY Change 3.16% 12.22% 8.26%
Cost Of Revenue $515.5M $512.4M $437.3M
YoY Change 0.6% 8.33% 4.05%
Gross Profit $307.1M $285.0M $262.2M
YoY Change 7.74% 19.99% 16.1%
Gross Profit Margin 37.33% 35.74% 37.48%
Selling, General & Admin $199.5M $195.8M $185.1M
YoY Change 1.91% 3.01% 0.02%
% of Gross Profit 64.98% 68.69% 70.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.00M $36.30M $35.30M
YoY Change 7.44% 1.4% 7.67%
% of Gross Profit 12.7% 12.74% 13.46%
Operating Expenses $199.5M $195.8M $185.1M
YoY Change 1.91% 3.01% 0.02%
Operating Profit $68.66M $53.14M $41.99M
YoY Change 29.21% 341.1% 398.45%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$3.134M -$2.237M $5.970M
YoY Change 40.1% -363.18% 770.26%
Pretax Income $65.53M $50.90M $47.96M
YoY Change 28.73% 294.68% 426.44%
Income Tax $23.93M $17.64M $18.91M
% Of Pretax Income 36.52% 34.65% 39.42%
Net Earnings $41.59M $33.27M $29.06M
YoY Change 25.03% 472.25% 651.55%
Net Earnings / Revenue 5.06% 4.17% 4.15%
Basic Earnings Per Share $0.23 $0.17 $0.15
Diluted Earnings Per Share $0.23 $0.17 $0.15
COMMON SHARES
Basic Shares Outstanding 181.0M 195.5M 195.0M
Diluted Shares Outstanding 183.4M 196.9M 195.9M

Balance Sheet

Concept 2016 Q3 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $247.9M $327.3M $326.9M
YoY Change -24.26% 24.64% -0.24%
Cash & Equivalents $327.3M $326.9M
Short-Term Investments $74.00M $78.50M $92.70M
Other Short-Term Assets $90.90M $136.5M $136.1M
YoY Change -33.41% 6.89% -0.15%
Inventory $422.2M $408.5M $332.6M
Prepaid Expenses
Receivables $65.30M $50.69M $64.01M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $826.2M $923.0M $859.6M
YoY Change -10.49% 10.66% -0.15%
LONG-TERM ASSETS
Property, Plant & Equipment $700.3M $712.3M $706.9M
YoY Change -1.68% -2.36% 3.9%
Goodwill $13.01M $13.24M
YoY Change -4.48% -2.61%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $98.50M $51.63M $36.45M
YoY Change 90.78% 26.25% 0.68%
Total Long-Term Assets $867.0M $837.2M $813.1M
YoY Change 3.56% -1.04% 2.81%
TOTAL ASSETS
Total Short-Term Assets $826.2M $923.0M $859.6M
Total Long-Term Assets $867.0M $837.2M $813.1M
Total Assets $1.693B $1.760B $1.673B
YoY Change -3.81% 4.77% 1.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $286.7M $263.1M $203.2M
YoY Change 8.95% 3.27% 3.85%
Accrued Expenses $146.1M $145.5M $156.5M
YoY Change 0.41% 11.32% 11.15%
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 $498.5M $492.1M $428.8M
YoY Change 1.29% 11.9% 8.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $94.30M $40.53M $30.52M
YoY Change 132.7% 24.47% -11.17%
Total Long-Term Liabilities $94.30M $102.4M $98.57M
YoY Change -7.9% -3.79% -7.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $498.5M $492.1M $428.8M
Total Long-Term Liabilities $94.30M $102.4M $98.57M
Total Liabilities $592.8M $594.5M $527.4M
YoY Change -0.29% 8.85% 4.9%
SHAREHOLDERS EQUITY
Retained Earnings $1.693B $1.553B $1.546B
YoY Change 9.01% 2.0% 0.23%
Common Stock $579.6M $566.2M
YoY Change 3.1% 1.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $949.0M $955.4M
YoY Change -1.88% -1.26%
Treasury Stock Shares 54.14M shares 54.50M shares
Shareholders Equity $1.100B $1.166B $1.145B
YoY Change
Total Liabilities & Shareholders Equity $1.693B $1.760B $1.673B
YoY Change -3.81% 4.77% 1.26%

Cashflow Statement

Concept 2016 Q3 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $41.59M $33.27M $29.06M
YoY Change 25.03% 472.25% 651.55%
Depreciation, Depletion And Amortization $39.00M $36.30M $35.30M
YoY Change 7.44% 1.4% 7.67%
Cash From Operating Activities $71.50M $60.20M -$12.70M
YoY Change 18.77% 77.58% 195.35%
INVESTING ACTIVITIES
Capital Expenditures -$36.50M -$37.80M $41.74M
YoY Change -3.44% -49.26% -157.42%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$36.50M -$37.80M -$42.80M
YoY Change -3.44% -49.26% -31.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.50M -20.70M -29.30M
YoY Change 18.36% -18.82% 14.45%
NET CHANGE
Cash From Operating Activities 71.50M 60.20M -12.70M
Cash From Investing Activities -36.50M -37.80M -42.80M
Cash From Financing Activities -24.50M -20.70M -29.30M
Net Change In Cash 10.50M 1.700M -84.80M
YoY Change 517.65% -102.57% -8.42%
FREE CASH FLOW
Cash From Operating Activities $71.50M $60.20M -$12.70M
Capital Expenditures -$36.50M -$37.80M $41.74M
Free Cash Flow $108.0M $98.00M -$54.44M
YoY Change 10.2% -9.59% -179.6%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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aeo Increase Decrease In Unredeemed Gift Cards And Gift Certificates
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aeo Increase Decrease In Deferred Lease Credits
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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aeo Increase Decrease In Unredeemed Gift Cards And Gift Certificates
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us-gaap Fiscal Period
FiscalPeriod
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Fiscal Year</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company&#8217;s financial year is a 52/53 week year that ends on the Saturday nearest to January&#160;31. As used herein, &#8220;Fiscal 2016&#8221; refers to the 52 week period ending January 28, 2017. &#8220;Fiscal 2015&#8221; refers to the 52 week period ended January 30, 2016.</p></div>
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of our 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 the Company&#8217;s estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.</p></div>
us-gaap Revenue Recognition Gift Cards
RevenueRecognitionGiftCards
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Gift Cards</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The value of a gift card is recorded as a current liability upon issuance, and revenue is recognized when the gift card is redeemed for merchandise.&nbsp;&nbsp;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 $1.7 million and $1.5 million of revenue related to gift card breakage during the 13 weeks ended July 30, 2016 and August 1, 2015, respectively.&nbsp;&nbsp;During the 26 weeks ended July 30, 2016 and August 1, 2015, the Company recorded $3.8 million and $3.2 million, respectively, of revenue related to gift card breakage. </p></div>
us-gaap Revenue Recognition Loyalty Programs
RevenueRecognitionLoyaltyPrograms
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Co-branded Credit Card and Customer Loyalty Program</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company offers a co-branded credit card (the &#8220;AEO Visa Card&#8221;) and a private label credit card (the &#8220;AEO Credit Card&#8221;) under the AEO and Aerie brands. These credit cards are issued by a third-party bank (the &#8220;Bank&#8221;) in accordance with a credit card agreement (&#8220;the Agreement&#8221;). The Company has no liability to the Bank for bad debt expense, provided that purchases are made in accordance with the Bank&#8217;s procedures. We receive additional funding from the Bank based on the Agreement and card activity.&#160;We recognize revenue for the additional funding when the amounts are fixed or determinable and collectability is reasonably assured.&#160;&#160;This revenue is recorded as a component of total net revenue.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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, <font style="font-style:italic;">Multiple Element Arrangements</font> &#160;(&#8220;ASC 605-25&#8221;).&#160; 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.&#160; 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.&#160; 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.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company offers its customers the AEREWARDS<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">&#174;</sup></font> loyalty program (the &#8220;Program&#8221;).&#160; 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.&#160; The Company determined that rewards earned using the Program should be accounted for in accordance with ASC 605-25.&#160; Accordingly, the portion of the sales revenue attributed to the award credits is deferred and recognized when the awards are redeemed or expire.&#160; </p></div>
CY2015Q3 us-gaap Investments
Investments
0
CY2016Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2015Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2016Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2015Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2016Q3 us-gaap Investments
Investments
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2016Q3 us-gaap Revenue Recognition Gift Cards Breakage
RevenueRecognitionGiftCardsBreakage
1700000
CY2015Q3 us-gaap Revenue Recognition Gift Cards Breakage
RevenueRecognitionGiftCardsBreakage
1500000
us-gaap Revenue Recognition Gift Cards Breakage
RevenueRecognitionGiftCardsBreakage
3800000
us-gaap Revenue Recognition Gift Cards Breakage
RevenueRecognitionGiftCardsBreakage
3200000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2016Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
247934000
CY2016Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
260067000
CY2015Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
327290000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2365000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2050000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1291000
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1792382000
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1757957000
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1088796000
CY2015Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1042307000
CY2016Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
68430000
CY2016Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
67398000
CY2015Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
61065000
CY2016Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15566000
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13911000
CY2016Q3 aeo Number Of Financial Institution
NumberOfFinancialInstitution
1
CY2016Q3 us-gaap Share Based Compensation
ShareBasedCompensation
7900000
CY2015Q3 us-gaap Share Based Compensation
ShareBasedCompensation
14000000
CY2016Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5000000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
10600000
CY2015Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
8600000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
13500000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1213000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2211000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
121000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
42000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3261000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3079000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1036000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.83
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.35
aeo Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageExercisePrice
13.74
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
14.50
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.23
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
15.22
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
14.90
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y8M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y4M24D
aeo Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.080
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3500000
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.365
CY2015Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.347
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.364
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.370
CY2016Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
3300000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8802000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
8336000
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3125000
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
11.50
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
14.50
aeo Employee Service Share Based Compensation Tax Benefit Expense Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitExpenseRealizedFromExerciseOfStockOptions
100000
aeo Employee Service Share Based Compensation Tax Benefit Expense Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitExpenseRealizedFromExerciseOfStockOptions
600000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.030
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.354

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