2018 Q2 Form 10-Q Financial Statement
#000156459018014923 Filed on June 01, 2018
Income Statement
| Concept | 2018 Q2 | 2017 Q2 |
|---|---|---|
| Revenue | $823.0M | $761.8M |
| YoY Change | 8.02% | 1.66% |
| Cost Of Revenue | $518.5M | $484.0M |
| YoY Change | 7.13% | 6.15% |
| Gross Profit | $304.4M | $277.8M |
| YoY Change | 9.58% | -5.33% |
| Gross Profit Margin | 36.99% | 36.47% |
| Selling, General & Admin | $210.2M | $195.0M |
| YoY Change | 7.82% | -0.52% |
| % of Gross Profit | 69.06% | 70.18% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $42.47M | $40.89M |
| YoY Change | 3.86% | 4.64% |
| % of Gross Profit | 13.95% | 14.72% |
| Operating Expenses | $210.2M | $195.0M |
| YoY Change | 7.82% | -0.52% |
| Operating Profit | $50.71M | $36.95M |
| YoY Change | 37.23% | -37.03% |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $502.0K | $403.0K |
| YoY Change | 24.57% | -91.83% |
| Pretax Income | $51.21M | $37.35M |
| YoY Change | 37.1% | -41.28% |
| Income Tax | $11.28M | $12.12M |
| % Of Pretax Income | 22.03% | 32.44% |
| Net Earnings | $39.93M | $25.24M |
| YoY Change | 58.22% | -37.65% |
| Net Earnings / Revenue | 4.85% | 3.31% |
| Basic Earnings Per Share | $0.23 | $0.14 |
| Diluted Earnings Per Share | $0.22 | $0.14 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 176.9M | 179.3M |
| Diluted Shares Outstanding | 178.3M | 181.7M |
Balance Sheet
| Concept | 2018 Q2 | 2017 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $309.7M | $225.2M |
| YoY Change | 37.52% | -5.77% |
| Cash & Equivalents | $289.7M | |
| Short-Term Investments | $99.80M | $81.30M |
| Other Short-Term Assets | $87.80M | $94.80M |
| YoY Change | -7.38% | 14.49% |
| Inventory | $404.3M | $364.3M |
| Prepaid Expenses | ||
| Receivables | $72.80M | $79.40M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $874.6M | $763.7M |
| YoY Change | 14.52% | 4.72% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $732.2M | $710.5M |
| YoY Change | 3.05% | 0.61% |
| Goodwill | $14.96M | |
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $63.20M | $95.80M |
| YoY Change | -34.03% | 81.12% |
| Total Long-Term Assets | $856.3M | $869.5M |
| YoY Change | -1.52% | 0.29% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $874.6M | $763.7M |
| Total Long-Term Assets | $856.3M | $869.5M |
| Total Assets | $1.731B | $1.633B |
| YoY Change | 5.98% | 2.31% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $207.8M | $208.9M |
| YoY Change | -0.53% | 3.06% |
| Accrued Expenses | $151.3M | $148.9M |
| YoY Change | 1.61% | -1.26% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $434.8M | $420.6M |
| YoY Change | 3.38% | 0.51% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $88.70M | $94.70M |
| YoY Change | -6.34% | 130.48% |
| Total Long-Term Liabilities | $88.70M | $94.70M |
| YoY Change | -6.34% | -5.77% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $434.8M | $420.6M |
| Total Long-Term Liabilities | $88.70M | $94.70M |
| Total Liabilities | $523.5M | $515.3M |
| YoY Change | 1.59% | -0.71% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $1.904B | $1.774B |
| YoY Change | 7.32% | 5.93% |
| Common Stock | $567.5M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $1.229B | |
| YoY Change | ||
| Treasury Stock Shares | $73.35M | |
| Shareholders Equity | $1.207B | $1.118B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.731B | $1.633B |
| YoY Change | 5.98% | 2.31% |
Cashflow Statement
| Concept | 2018 Q2 | 2017 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $39.93M | $25.24M |
| YoY Change | 58.22% | -37.65% |
| Depreciation, Depletion And Amortization | $42.47M | $40.89M |
| YoY Change | 3.86% | 4.64% |
| Cash From Operating Activities | $27.99M | $10.71M |
| YoY Change | 161.39% | -64.15% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $46.90M | $40.07M |
| YoY Change | 17.05% | 64.66% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $314.0K | |
| YoY Change | ||
| Cash From Investing Activities | -$67.22M | -$40.15M |
| YoY Change | 67.43% | 59.98% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $44.91M | $87.68M |
| YoY Change | -48.78% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -84.28M | -123.6M |
| YoY Change | -31.81% | 324.5% |
| NET CHANGE | ||
| Cash From Operating Activities | 27.99M | 10.71M |
| Cash From Investing Activities | -67.22M | -40.15M |
| Cash From Financing Activities | -84.28M | -123.6M |
| Net Change In Cash | -123.5M | -153.0M |
| YoY Change | -19.29% | 528.74% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $27.99M | $10.71M |
| Capital Expenditures | $46.90M | $40.07M |
| Free Cash Flow | -$18.91M | -$29.36M |
| YoY Change | -35.59% | -630.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q2 | us-gaap |
Gross Profit
GrossProfit
|
277822000 | |
| CY2017Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
194979000 | |
| CY2018Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1568000 | |
| CY2017Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
5448000 | |
| CY2018Q2 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
-5178000 | |
| CY2018Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
41935000 | |
| CY2017Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
17346000 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
2237000 | |
| CY2017Q2 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
226000 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-33024000 | |
| CY2017Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-38778000 | |
| CY2017Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
40446000 | |
| CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
50706000 | |
| CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
36949000 | |
| CY2018Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
502000 | |
| CY2017Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
403000 | |
| CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
51208000 | |
| CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
37352000 | |
| CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11279000 | |
| CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
12116000 | |
| CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.23 | |
| CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.14 | |
| CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.22 | |
| CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | |
| CY2018Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.1375 | |
| CY2017Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.1250 | |
| CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
176853000 | |
| CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
179312000 | |
| CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
178273000 | |
| CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
181678000 | |
| CY2017Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1775775000 | |
| CY2018Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
24661000 | |
| CY2017Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
22602000 | |
| CY2017Q2 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
4094000 | |
| CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
4141000 | |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
3791000 | |
| CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
4141000 | |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
3791000 | |
| CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
44070000 | |
| CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
29027000 | |
| CY2018Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
42472000 | |
| CY2017Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
40893000 | |
| CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5716000 | |
| CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4798000 | |
| CY2018Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1162000 | |
| CY2017Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
15998000 | |
| CY2018Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-555000 | |
| CY2017Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
838000 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
|
7702000 | |
| CY2017Q2 | us-gaap |
Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
|
5523000 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-5447000 | |
| CY2017Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-7315000 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
9765000 | |
| CY2018Q2 | aeo |
Increase Decrease In Unredeemed Gift Cards And Gift Certificates
IncreaseDecreaseInUnredeemedGiftCardsAndGiftCertificates
|
-12298000 | |
| CY2017Q2 | aeo |
Increase Decrease In Unredeemed Gift Cards And Gift Certificates
IncreaseDecreaseInUnredeemedGiftCardsAndGiftCertificates
|
-13107000 | |
| CY2018Q2 | aeo |
Increase Decrease In Deferred Lease Credits
IncreaseDecreaseInDeferredLeaseCredits
|
5282000 | |
| CY2017Q2 | aeo |
Increase Decrease In Deferred Lease Credits
IncreaseDecreaseInDeferredLeaseCredits
|
11606000 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-26308000 | |
| CY2017Q2 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-22201000 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
9284000 | |
| CY2017Q2 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
780000 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
11801000 | |
| CY2017Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
2101000 | |
| CY2018Q2 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-11939000 | |
| CY2017Q2 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-14528000 | |
| CY2018Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
27990000 | |
| CY2017Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10708000 | |
| CY2018Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
46903000 | |
| CY2017Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
40071000 | |
| CY2018Q2 | us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
20000000 | |
| CY2018Q2 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
314000 | |
| CY2017Q2 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
75000 | |
| CY2018Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-67217000 | |
| CY2017Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-40146000 | |
| CY2018Q2 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
3284000 | |
| CY2017Q2 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
2382000 | |
| CY2018Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
44913000 | |
| CY2017Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
87682000 | |
| CY2018Q2 | aeo |
Payments To Repurchase Common Stock From Employees
PaymentsToRepurchaseCommonStockFromEmployees
|
14213000 | |
| CY2017Q2 | aeo |
Payments To Repurchase Common Stock From Employees
PaymentsToRepurchaseCommonStockFromEmployees
|
11406000 | |
| CY2018Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2354000 | |
| CY2018Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
24225000 | |
| CY2017Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
22120000 | |
| CY2018Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-84281000 | |
| CY2017Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-123590000 | |
| CY2018Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-405000 | |
| CY2017Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-388000 | |
| CY2018Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-123913000 | |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-153416000 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
378613000 | |
| CY2018Q2 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
4834000 | |
| CY2017Q2 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
4092000 | |
| CY2018Q2 | us-gaap |
Interest Paid
InterestPaid
|
274000 | |
| CY2017Q2 | us-gaap |
Interest Paid
InterestPaid
|
262000 | |
| CY2018Q2 | 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’s financial year is a 52 or 53-week year that ends on the Saturday nearest to January 31. As used herein, “Fiscal 2018” refers to the 52-week period ending February 2, 2019. “Fiscal 2017” refers to the 53-week period ended February 3, 2018.</p></div> | |
| CY2018Q2 | 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’s estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.</p></div> | |
| CY2018Q2 | 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;">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 recently launched a new, digitized loyalty program called AEO Connected<sup style="font-size:85%; vertical-align:top">TM</sup> (the “Program”). This Program integrates the credit card rewards program and the AEREWARDS<font style="font-family:'Times New Roman';"><font style="font-size:10pt;font-family:'Times New Roman'">Ò</font></font> loyalty program into one combined customer offering.  Under the Program, customers accumulate points based on purchase activity and earn rewards by reaching certain point thresholds and, when reached, rewards are distributed. Customers earn rewards in the form of discount savings certificates. Rewards earned are valid through the stated expiration date, which is approximately 45 days from the issuance date of the reward. Additional rewards are also given for key items such as jeans and bras. Rewards not redeemed during the 45-day redemption period are forfeited.  </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 Program on purchases at AE and Aerie are accounted for in accordance with ASU 2014-09. 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, using the relative stand-alone selling price method. Additionally, reward points earned using the co-branded credit card on non-AEO or Aerie purchases are accounted for in accordance with ASU 2014-09. 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. The Company recorded a net increase to opening retained earnings of $0.2 million as of February 4, 2018 due to the cumulative impact of adoption. The impact was the result of accounting for customer loyalty programs using a relative stand-alone selling price method vs. incremental cost method. </p></div> | |
| CY2018Q2 | us-gaap |
Revenue Recognition Sales Returns
RevenueRecognitionSalesReturns
|
<div> <p style="text-align:justify;margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Sales Return Reserve</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;">Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions and other promotions. The Company records the impact of adjustments to its sales return reserve quarterly within total net revenue and cost of sales. The Sales Return Reserve reflects an estimate of sales returns based on projected merchandise returns determined through the use of historical average return percentages. </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;">As of May 5, 2018, the Company recorded a Right of Return Asset of $5.2 million within Prepaid Expenses and Other on the Consolidated Balance Sheet, offset by a Sales Return Reserve Liability of $13.2 million within Other Liabilities and Accrued Expenses on the Consolidated Balance Sheet. The Sales Return Reserve Liability was $6.4 million, recorded within Other Liabilities and Accrued Expenses, at April 29, 2017.</p></div> | |
| CY2018Q2 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
| CY2018Q2 | aeo |
Percentage Of Net Sales
PercentageOfNetSales
|
1.00 | |
| CY2017Q2 | aeo |
Percentage Of Net Sales
PercentageOfNetSales
|
1.00 | |
| CY2017Q2 | us-gaap |
Short Term Investments
ShortTermInvestments
|
0 | |
| CY2017Q2 | us-gaap |
Long Term Investments
LongTermInvestments
|
0 | |
| CY2018Q2 | aeo |
Property Plant And Equipment Weighted Average Useful Life
PropertyPlantAndEquipmentWeightedAverageUsefulLife
|
P8Y | |
| CY2018Q2 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | |
| CY2017Q2 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | |
| CY2018Q2 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | |
| CY2017Q2 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | |
| CY2018Q2 | aeo |
Revenue Related To Gift Card Breakage
RevenueRelatedToGiftCardBreakage
|
2500000 | |
| CY2017Q2 | aeo |
Revenue Related To Gift Card Breakage
RevenueRelatedToGiftCardBreakage
|
2500000 | |
| CY2018Q2 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | |
| CY2018Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
289700000 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
413613000 | |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
225197000 | |
| CY2018Q2 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
309700000 | |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
413613000 | |
| CY2017Q2 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
225197000 | |
| CY2017Q2 | us-gaap |
Payments For Proceeds From Availableforsale Securities Shortterm
PaymentsForProceedsFromAvailableforsaleSecuritiesShortterm
|
0 | |
| CY2018Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | |
| CY2018Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2058450000 | |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2023875000 | |
| CY2018Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1326271000 | |
| CY2018Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1299636000 | |
| CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
70636000 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
70322000 | |
| CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
24670000 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
23656000 | |
| CY2018Q2 | aeo |
Number Of Financial Institution
NumberOfFinancialInstitution
|
1 | |
| CY2018Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
4500000 | |
| CY2017Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
3200000 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2190000 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
715000 | |
| CY2018Q2 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
153000 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2752000 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
2580000 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
592000 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
14.59 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
19.60 | |
| CY2018Q2 | aeo |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageExercisePrice
|
15.21 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
16.42 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
16.41 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
15.38 | |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y8M12D | |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P5Y8M12D | |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y3M18D | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
10145000 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
9558000 | |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
2801000 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
|
14.05 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
|
15.72 | |
| CY2017Q2 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | |
| CY2018Q2 | aeo |
Employee Service Share Based Compensation Tax Benefit Expense Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitExpenseRealizedFromExerciseOfStockOptions
|
100000 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.026 | |
| CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.021 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.025 | |
| CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.031 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.395 | |
| CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.385 | |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y6M | |
| CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y6M | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
8200000 | |
| CY2018Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.220 | |
| CY2017Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.324 | |
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | ||
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
| CY2018Q2 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
|
4900000 | |
| CY2018Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
7650000 | |
| CY2018Q2 | aeo |
Restructuring Charge Cash Charges
RestructuringChargeCashCharges
|
1568000 | |
| CY2018Q2 | aeo |
Payments For Restructuring And Restructuring Reserve Accrual Adjustment
PaymentsForRestructuringAndRestructuringReserveAccrualAdjustment
|
6353000 | |
| CY2018Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
2865000 |
