2012 Q2 Form 10-Q Financial Statement
#000119312512260342 Filed on June 05, 2012
Income Statement
Concept | 2012 Q2 | 2012 Q1 | 2011 Q2 |
---|---|---|---|
Revenue | $921.2M | $1.329B | $836.7M |
YoY Change | 10.1% | 15.61% | 21.64% |
Cost Of Revenue | $380.1M | $551.8M | $293.0M |
YoY Change | 29.73% | 31.88% | 14.28% |
Gross Profit | $541.1M | $790.0M | $525.5M |
YoY Change | 2.96% | 8.07% | 21.82% |
Gross Profit Margin | 58.74% | 59.45% | 62.81% |
Selling, General & Admin | $572.6M | $713.8M | $506.8M |
YoY Change | 12.98% | 31.36% | 12.37% |
% of Gross Profit | 105.82% | 90.36% | 96.43% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $54.50M | $59.40M | $57.20M |
YoY Change | -4.72% | -3.26% | 0.88% |
% of Gross Profit | 10.07% | 7.52% | 10.88% |
Operating Expenses | $572.6M | $721.4M | $504.9M |
YoY Change | 13.41% | 34.11% | 12.18% |
Operating Profit | -$28.95M | $68.57M | $38.75M |
YoY Change | -174.71% | -64.49% | -307.06% |
Interest Expense | $600.0K | -$1.000M | -$1.000M |
YoY Change | -160.0% | -9.09% | 25.0% |
% of Operating Profit | -1.46% | -2.58% | |
Other Income/Expense, Net | $1.900M | -$100.0K | $100.0K |
YoY Change | 1800.0% | ||
Pretax Income | -$30.03M | $54.50M | $37.80M |
YoY Change | -179.47% | -62.05% | -293.45% |
Income Tax | -$8.700M | $18.60M | $13.50M |
% Of Pretax Income | 34.13% | 35.72% | |
Net Earnings | -$21.31M | $45.83M | $13.00M |
YoY Change | -263.91% | -50.51% | -209.89% |
Net Earnings / Revenue | -2.31% | 3.45% | 1.55% |
Basic Earnings Per Share | -$0.25 | $0.29 | |
Diluted Earnings Per Share | -$0.25 | $0.52 | $0.14 |
COMMON SHARES | |||
Basic Shares Outstanding | 84.59M shares | 84.72M shares | 87.28M shares |
Diluted Shares Outstanding | 84.59M shares | 90.44M shares |
Balance Sheet
Concept | 2012 Q2 | 2012 Q1 | 2011 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $359.5M | $668.1M | $741.8M |
YoY Change | -51.54% | -19.16% | 17.23% |
Cash & Equivalents | $321.6M | $583.5M | $745.6M |
Short-Term Investments | $37.90M | $84.70M | $0.00 |
Other Short-Term Assets | $83.39M | $84.34M | $95.09M |
YoY Change | -12.31% | 6.24% | -33.97% |
Inventory | $592.2M | $679.9M | $358.4M |
Prepaid Expenses | |||
Receivables | $73.40M | $89.40M | $78.20M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.110B | $1.558B | $1.340B |
YoY Change | -17.16% | 9.17% | 13.04% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.267B | $1.197B | $1.162B |
YoY Change | 9.03% | 3.68% | -3.92% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $0.00 | $14.90M | $101.6M |
YoY Change | -100.0% | -85.17% | -27.58% |
Other Assets | $357.4M | $347.2M | $290.0M |
YoY Change | 23.23% | 33.9% | 42.16% |
Total Long-Term Assets | $1.624B | $1.559B | $1.553B |
YoY Change | 4.56% | 2.95% | -0.01% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.110B | $1.558B | $1.340B |
Total Long-Term Assets | $1.624B | $1.559B | $1.553B |
Total Assets | $2.734B | $3.117B | $2.893B |
YoY Change | -5.5% | 5.97% | 5.64% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $160.2M | $211.4M | $151.4M |
YoY Change | 5.79% | 54.02% | 37.54% |
Accrued Expenses | $323.6M | $369.1M | $263.3M |
YoY Change | 22.9% | 22.98% | 25.2% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $545.2M | $699.4M | $491.8M |
YoY Change | 10.86% | 26.62% | 18.27% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $69.87M |
YoY Change | -100.0% | -100.0% | -1.03% |
Other Long-Term Liabilities | $247.0M | $245.4M | $206.2M |
YoY Change | 19.77% | 20.56% | -49.13% |
Total Long-Term Liabilities | $495.8M | $486.3M | $492.7M |
YoY Change | 0.63% | -2.4% | 3.5% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $545.2M | $699.4M | $491.8M |
Total Long-Term Liabilities | $495.8M | $486.3M | $492.7M |
Total Liabilities | $1.041B | $1.186B | $984.4M |
YoY Change | 5.74% | 12.86% | 4.95% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.309B | $2.390B | $2.282B |
YoY Change | 1.16% | 5.16% | |
Common Stock | $368.4M | $370.2M | $344.1M |
YoY Change | 7.05% | 5.68% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $986.6M | $834.8M | $727.1M |
YoY Change | 35.69% | 15.09% | |
Treasury Stock Shares | 20.76M shares | 17.66M shares | 15.92M shares |
Shareholders Equity | $1.693B | $1.931B | $1.909B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.734B | $3.117B | $2.893B |
YoY Change | -5.5% | 5.97% | 5.64% |
Cashflow Statement
Concept | 2012 Q2 | 2012 Q1 | 2011 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$21.31M | $45.83M | $13.00M |
YoY Change | -263.91% | -50.51% | -209.89% |
Depreciation, Depletion And Amortization | $54.50M | $59.40M | $57.20M |
YoY Change | -4.72% | -3.26% | 0.88% |
Cash From Operating Activities | -$44.51M | $305.5M | -$10.17M |
YoY Change | 337.59% | -2.8% | -71.89% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $103.8M | -$91.00M | $51.50M |
YoY Change | 101.59% | 107.29% | 168.14% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $4.121M | -$1.500M | $0.00 |
YoY Change | -110.2% | -100.0% | |
Cash From Investing Activities | -$45.51M | -$92.60M | -$51.38M |
YoY Change | -11.41% | 214.97% | 243.88% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $159.1M | $25.47M | |
YoY Change | 524.54% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$174.4M | -113.2M | -$29.45M |
YoY Change | 492.26% | 65.5% | 73.21% |
NET CHANGE | |||
Cash From Operating Activities | -$44.51M | 305.5M | -$10.17M |
Cash From Investing Activities | -$45.51M | -92.60M | -$51.38M |
Cash From Financing Activities | -$174.4M | -113.2M | -$29.45M |
Net Change In Cash | -$264.5M | 99.70M | -$91.00M |
YoY Change | 190.61% | -53.95% | 33.56% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$44.51M | $305.5M | -$10.17M |
Capital Expenditures | $103.8M | -$91.00M | $51.50M |
Free Cash Flow | -$148.3M | $396.5M | -$61.67M |
YoY Change | 140.52% | 10.69% | 11.33% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
2694000 | USD |
CY2012Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.175 | |
CY2012Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
3384000 | USD |
CY2011Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | |
CY2012Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2012Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
2985000 | USD |
CY2012Q2 | us-gaap |
Profit Loss
ProfitLoss
|
2985000 | USD |
CY2012Q2 | dei |
Entity Registrant Name
EntityRegistrantName
|
ABERCROMBIE & FITCH CO /DE/ | |
CY2012Q2 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001018840 | |
CY2012Q2 | dei |
Document Type
DocumentType
|
10-Q | |
CY2012Q2 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-04-28 | |
CY2012Q2 | dei |
Amendment Flag
AmendmentFlag
|
false | |
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Document Fiscal Year Focus
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|
2012 | |
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Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--02-03 | |
CY2012Q2 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
CY2012Q2 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2012Q2 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
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Entity Filer Category
EntityFilerCategory
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Large Accelerated Filer | |
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FY | |
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Entity Common Stock Shares Outstanding
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|
82553044 | shares |
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Entity Public Float
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|
6358940247 | USD |
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Sales Revenue Net
SalesRevenueNet
|
921218000 | USD |
CY2012Q2 | us-gaap |
Cost Of Goods Sold
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|
344859000 | USD |
CY2012Q2 | us-gaap |
Gross Profit
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|
576359000 | USD |
CY2012Q2 | anf |
Stores And Distribution Expense
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|
455732000 | USD |
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Marketing General And Administrative Expense
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|
116889000 | USD |
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Operating Income Loss
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|
6322000 | USD |
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Interest Income Expense Net
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|
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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|
5233000 | USD |
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Income Tax Expense Benefit Continuing Operations
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|
2248000 | USD |
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Accrued Liabilities Current
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|
323573000 | USD |
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Cash And Cash Equivalents At Carrying Value
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|
321617000 | USD |
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
6455000 | USD |
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Income Loss From Continuing Operations Per Basic Share
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|
0.28 | |
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Income Loss From Continuing Operations Per Diluted Share
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|
0.03 | |
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0.04 | |
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0 | USD |
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|
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Marketing General And Administrative Expense
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Interest Income Expense Net
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|
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|
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Income Tax Expense Benefit Continuing Operations
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|
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Common Stock Dividends Per Share Declared
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|
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|
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Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
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|
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|
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Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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|
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Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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|
0.01 | |
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|
0 | |
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|
0.01 | |
CY2012Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
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CY2012Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.04 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.28 | |
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Weighted Average Number Of Shares Outstanding Basic
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|
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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|
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|
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|
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|
1836000 | USD |
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Other Comprehensive Income Derivatives Qualifying As Hedges Tax Effect Period Increase Decrease
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|
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Other Comprehensive Income Available For Sale Securities Tax
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|
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|
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|
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Long Term Debt Noncurrent
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|
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Common Stock Value
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Retained Earnings Accumulated Deficit
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|
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|
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|
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|
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Retained Earnings Accumulated Deficit
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|
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Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
77120000 | USD |
CY2012Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
84342000 | USD |
CY2012Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1197271000 | USD |
CY2012Q1 | anf |
Deferred Lease Credits Noncurrent
DeferredLeaseCreditsNoncurrent
|
183022000 | USD |
CY2012Q1 | us-gaap |
Assets
Assets
|
3048153000 | USD |
CY2012Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3048153000 | USD |
CY2012Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
0 | USD |
CY2012Q1 | us-gaap |
Assets Current
AssetsCurrent
|
1488775000 | USD |
CY2011Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
826353000 | USD |
CY2012Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
89350000 | USD |
CY2012Q1 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
84650000 | USD |
CY2012Q2 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
37902000 | USD |
CY2012Q2 | anf |
Leasehold Financing Obligations Non Current Liabilities
LeaseholdFinancingObligationsNonCurrentLiabilities
|
65708000 | USD |
CY2012Q1 | anf |
Leasehold Financing Obligations Non Current Liabilities
LeaseholdFinancingObligationsNonCurrentLiabilities
|
57851000 | USD |
CY2012Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
17662000 | shares |
CY2012Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
20758000 | shares |
CY2011Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10852000 | USD |
CY2011Q2 | anf |
Amortization Of Deferred Lease Credits
AmortizationOfDeferredLeaseCredits
|
-10710000 | USD |
CY2011Q2 | anf |
Less Or Construction Allowances
LessOrConstructionAllowances
|
-4548000 | USD |
CY2011Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
108000 | USD |
CY2011Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
57218000 | USD |
CY2011Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-2452000 | USD |
CY2011Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2011Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-28803000 | USD |
CY2011Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-52645000 | USD |
CY2011Q2 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
31350000 | USD |
CY2011Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10172000 | USD |
CY2011Q2 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-34489000 | USD |
CY2011Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
51501000 | USD |
CY2011Q2 | us-gaap |
Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
|
0 | USD |
CY2011Q2 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
125000 | USD |
CY2011Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD |
CY2011Q2 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
9084000 | USD |
CY2011Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
25469000 | USD |
CY2011Q2 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | USD |
CY2011Q2 | anf |
Change In Outstanding Checks And Other
ChangeInOutstandingChecksAndOther
|
-869000 | USD |
CY2011Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
15292000 | USD |
CY2011Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-29452000 | USD |
CY2011Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
6470000 | USD |
CY2011Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-84530000 | USD |
CY2011Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
745570000 | USD |
CY2011Q2 | us-gaap |
Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
|
10674000 | USD |
CY2012Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-44512000 | USD |
CY2012Q2 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
99000 | USD |
CY2012Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-174431000 | USD |
CY2012Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
159065000 | USD |
CY2012Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12817000 | USD |
CY2012Q2 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-57971000 | USD |
CY2012Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
14813000 | USD |
CY2012Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
84000 | USD |
CY2012Q2 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-5555000 | USD |
CY2012Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
54547000 | USD |
CY2012Q2 | anf |
Less Or Construction Allowances
LessOrConstructionAllowances
|
-4865000 | USD |
CY2012Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-2694000 | USD |
CY2012Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2012Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-52724000 | USD |
CY2012Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
2577000 | USD |
CY2012Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
103822000 | USD |
CY2012Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
4121000 | USD |
CY2012Q2 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | USD |
CY2012Q2 | anf |
Amortization Of Deferred Lease Credits
AmortizationOfDeferredLeaseCredits
|
-11998000 | USD |
CY2012Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-106920000 | USD |
CY2012Q2 | us-gaap |
Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
|
4241000 | USD |
CY2012Q2 | anf |
Change In Outstanding Checks And Other
ChangeInOutstandingChecksAndOther
|
1717000 | USD |
CY2012Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-261878000 | USD |
CY2012Q2 | us-gaap |
Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
|
0 | USD |
CY2012Q2 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
62431000 | USD |
CY2012Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-45512000 | USD |
CY2011Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-51376000 | USD |
CY2012Q2 | us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
1065000 | USD |
CY2011Q2 | us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
1356000 | USD |
CY2012Q2 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
1065000 | USD |
CY2011Q2 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
1356000 | USD |
CY2012Q2 | anf |
Current Deferred Income Tax Expense Benefit
CurrentDeferredIncomeTaxExpenseBenefit
|
2661000 | USD |
CY2011Q2 | anf |
Current Deferred Income Tax Expense Benefit
CurrentDeferredIncomeTaxExpenseBenefit
|
8528000 | USD |
CY2012Q2 | anf |
Companys Fiscal Period
CompanysFiscalPeriod
|
53-week fiscal year | |
CY2012 | anf |
Companys Fiscal Period
CompanysFiscalPeriod
|
52-week fiscal year | |
CY2012Q2 | us-gaap |
Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
|
1300000 | USD |
CY2012Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
1388455000 | USD |
CY2011Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
1317731000 | USD |
CY2012Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
12800000 | USD |
CY2011Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
10900000 | USD |
CY2011Q2 | anf |
Share Based Compensation Expense Effect Of Adjustment For Forfeitures
ShareBasedCompensationExpenseEffectOfAdjustmentForForfeitures
|
1700000 | USD |
CY2012Q2 | anf |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Primary Compensation Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPrimaryCompensationPlans
|
2 | pure |
CY2012Q2 | anf |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Other Compensation Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfOtherCompensationPlans
|
4 | pure |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
714997 | shares |
CY2012Q2 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
-3750 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
60.72 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
26.60 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | shares |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
0 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
711247 | shares |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
60.90 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
4552433 | USD |
CY2012Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
|
4.3 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
695247 | shares |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
61.83 | |
CY2012Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
4067823 | USD |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm
|
4.2 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm
|
6.6 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
468174 | USD |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
20.58 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
15454 | shares |
CY2012Q2 | anf |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue
|
1200000 | USD |
CY2011Q2 | anf |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue
|
2200000 | USD |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
0.00 | pure |
CY2011Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5883000 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1189292 | shares |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
502025 | shares |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
-304256 | shares |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
-108106 | shares |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1278955 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
49.11 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue
|
59.77 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
48.06 | |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
50.62 | |
CY2012Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3801000 | shares |
CY2012Q2 | us-gaap |
Cash
Cash
|
321603000 | USD |
CY2012Q1 | us-gaap |
Cash
Cash
|
374479000 | USD |
CY2012Q2 | us-gaap |
Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
|
18707000 | shares |
CY2011Q2 | us-gaap |
Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
|
16018000 | shares |
CY2012Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1591000 | shares |
CY2011Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3159000 | shares |
CY2011Q2 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
103300000 | shares |
CY2012Q2 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
103300000 | shares |
CY2012Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
14000 | USD |
CY2012Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
209016000 | USD |
CY2012Q2 | anf |
Maturity Period Of Cash Equivalents
MaturityPeriodOfCashEquivalents
|
3 months | |
CY2012Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
28900000 | USD |
CY2012Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
30000000 | USD |
CY2012Q2 | us-gaap |
Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
|
85980000 | USD |
CY2012Q2 | us-gaap |
Investments
Investments
|
123882000 | USD |
CY2012Q1 | us-gaap |
Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
|
85149000 | USD |
CY2012Q1 | us-gaap |
Investments
Investments
|
184657000 | USD |
CY2012Q2 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
37902000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
99508000 | USD |
CY2012Q2 | anf |
Available For Sale Securities Debt Securities Noncurrent Par Value
AvailableForSaleSecuritiesDebtSecuritiesNoncurrentParValue
|
45175000 | USD |
CY2012Q2 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
-7273000 | USD |
CY2012Q2 | us-gaap |
Heldtomaturity Securities Debt Maturity Date Range Low
HeldtomaturitySecuritiesDebtMaturityDateRangeLow
|
22 years | |
CY2012Q2 | us-gaap |
Heldtomaturity Securities Debt Maturity Date Range High
HeldtomaturitySecuritiesDebtMaturityDateRangeHigh
|
29 years | |
CY2012Q2 | us-gaap |
Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
|
800000 | USD |
CY2011Q2 | us-gaap |
Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
|
700000 | USD |
CY2012Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
99508000 | USD |
CY2012Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
|
-62431000 | USD |
CY2012Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
37902000 | USD |
CY2012Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome
|
0 | USD |
CY2012Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
|
825000 | USD |
CY2012Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
34700000 | USD |
CY2012Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
72300000 | USD |
CY2011Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
39200000 | USD |
CY2012Q2 | anf |
Inventory Shrink Reserve
InventoryShrinkReserve
|
7100000 | USD |
CY2012Q1 | anf |
Inventory Shrink Reserve
InventoryShrinkReserve
|
9300000 | USD |
CY2011Q2 | anf |
Inventory Shrink Reserve
InventoryShrinkReserve
|
5600000 | USD |
CY2011Q2 | us-gaap |
Inventory Net
InventoryNet
|
358400000 | USD |
CY2012Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2766092000 | USD |
CY2012Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1499217000 | USD |
CY2012Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2655219000 | USD |
CY2012Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1457948000 | USD |
CY2012Q1 | us-gaap |
Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
|
13100000 | USD |
CY2012Q2 | anf |
Deferred Lease Credits Gross
DeferredLeaseCreditsGross
|
553105000 | USD |
CY2012Q2 | anf |
Amortized Deferred Lease Credits Accumulated
AmortizedDeferredLeaseCreditsAccumulated
|
328495000 | USD |
CY2012Q2 | anf |
Deferred Lease Credits Net
DeferredLeaseCreditsNet
|
224610000 | USD |
CY2012Q1 | anf |
Deferred Lease Credits Net
DeferredLeaseCreditsNet
|
224069000 | USD |
CY2012Q1 | anf |
Deferred Lease Credits Gross
DeferredLeaseCreditsGross
|
551468000 | USD |
CY2012Q1 | anf |
Amortized Deferred Lease Credits Accumulated
AmortizedDeferredLeaseCreditsAccumulated
|
327399000 | USD |
CY2012Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.43 | pure |
CY2011Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.356 | pure |
CY2012Q2 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
70100000 | USD |
CY2011Q2 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
67300000 | USD |
CY2012Q2 | anf |
Leverage Ratio
LeverageRatio
|
6 | pure |
CY2011Q2 | anf |
Leasehold Financing Obligations
LeaseholdFinancingObligations
|
13. LEASEHOLD FINANCING OBLIGATIONS As of April 28, 2012 and January 28, 2012, the Company had $65.7 million and $57.9 million, respectively, of long-term debt related to the landlord financing obligation. In certain lease arrangements, the Company is involved with the construction of the building. If the Company determines that it has substantially all of the risks of ownership during construction of the leased property and therefore is deemed to be the owner of the construction project, the Company records an asset and related financing obligation for the amount of the total project costs and an amount related to the pre-existing, leased building, which is included in Property and Equipment, Net and Leasehold Financing Obligations, respectively, on the Consolidated Balance Sheets. Once construction is complete, the Company determines if the asset qualifies for sale-leaseback accounting treatment. If the arrangement does not qualify for sale-lease back treatment, the Company continues to amortize the obligation over the lease term and depreciates the asset over its useful life. The Company does not report rent expense for the portion of the rent payment determined to be related to the properties which are owned for accounting purposes. Rather, this portion of the rental payments under the lease are recognized as a reduction of the financing obligation and interest expense. Total interest expense was $2.2 million for both the thirteen weeks ended April 28, 2012 and April 30, 2011. | |
CY2012Q2 | anf |
Landlord Financing Obligation
LandlordFinancingObligation
|
65700000 | USD |
CY2012Q1 | anf |
Landlord Financing Obligation
LandlordFinancingObligation
|
57900000 | USD |
CY2012Q2 | us-gaap |
Interest Expense
InterestExpense
|
2200000 | USD |
CY2012Q2 | anf |
Maximum Length Of Time Inventory Sales Hedged
MaximumLengthOfTimeInventorySalesHedged
|
12 months | |
CY2012Q2 | anf |
Additional Time Period In Which Forecasted Transaction Is Not Expected To Occur
AdditionalTimePeriodInWhichForecastedTransactionIsNotExpectedToOccur
|
2 months | |
CY2012Q2 | anf |
Period In Which Intercompany Inventory Sales Recognized
PeriodInWhichIntercompanyInventorySalesRecognized
|
2 months | |
CY2012Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
5597000 | USD |
CY2012Q2 | anf |
Number Of Stores Closed
NumberOfStoresClosed
|
29 | pure |
CY2012Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
10770000 | USD |
CY2012Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
2632000 | USD |
CY2012Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
1458000 | USD |
CY2012Q2 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
1100000 | USD |
CY2011Q2 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
600000 | USD |
CY2011Q2 | anf |
Deferred Compensation With Individual Percentage Of Monthly Compensation Benefit
DeferredCompensationWithIndividualPercentageOfMonthlyCompensationBenefit
|
0.5 | pure |
CY2012Q2 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">18. RECENT ACCOUNTING PRONOUNCEMENTS</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Accounting Standards Codification 820-10</font><font style="font-family:Times New Roman;font-size:12pt;">,</font><font style="font-family:Times New Roman;font-size:12pt;"> “Fair Val</font><font style="font-family:Times New Roman;font-size:12pt;">ue Measurements and Disclosures</font><font style="font-family:Times New Roman;font-size:12pt;">” (“ASC 820-10”) was amended in January 2010 to require additional disclosures related to recurring and nonrecurring fair value measurements. The guidance requires disclosure of transfers of assets and liabilities between Levels 1 and 2 of the fair value hierarchy, including the reasons </font><font style="font-family:Times New Roman;font-size:12pt;">and the timing of the transfers;</font><font style="font-family:Times New Roman;font-size:12pt;"> and information on purchases, sales, issuances, and settlements on a gross basis in the reconciliation of the assets and liabilities measured under Level 3 of the fair value hierarchy. The guidance was effective for the Company beginning on </font><font style="font-family:Times New Roman;font-size:12pt;">January 31, 2010. The</font><font style="font-family:Times New Roman;font-size:12pt;"> disclosure guidance adopted on </font><font style="font-family:Times New Roman;font-size:12pt;">January 31, 2010,</font><font style="font-family:Times New Roman;font-size:12pt;"> did not have a material impact on our consolidated financial statements</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In May 2011, ASC 820-10 was further amended to clarify certain disclosure requirements and improve consistency with international reporting standards. This amendment is to be applied prosp</font><font style="font-family:Times New Roman;font-size:12pt;">ectively and became</font><font style="font-family:Times New Roman;font-size:12pt;"> effective for the Company beginning January 2</font><font style="font-family:Times New Roman;font-size:12pt;">9</font><font style="font-family:Times New Roman;font-size:12pt;">, 2012. The adoption </font><font style="font-family:Times New Roman;font-size:12pt;">did not</font><font style="font-family:Times New Roman;font-size:12pt;"> have a material effect on </font><font style="font-family:Times New Roman;font-size:12pt;">our</font><font style="font-family:Times New Roman;font-size:12pt;"> consolidated financial statements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Accounting Standards Codification Topic 220, “Comprehensive Income,”</font><font style="font-family:Times New Roman;font-size:12pt;"> was amended </font><font style="font-family:Times New Roman;font-size:12pt;">in June 2011 to </font><font style="font-family:Times New Roman;font-size:12pt;">require entities to present the </font><font style="font-family:Times New Roman;font-size:12pt;">tot</font><font style="font-family:Times New Roman;font-size:12pt;">al of comprehensive income, the </font><font style="font-family:Times New Roman;font-size:12pt;">components of net income, and the components of other</font><font style="font-family:Times New Roman;font-size:12pt;"> comprehensive income either in </font><font style="font-family:Times New Roman;font-size:12pt;">a single</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">continuous statement of comprehensiv</font><font style="font-family:Times New Roman;font-size:12pt;">e income or in two separate but </font><font style="font-family:Times New Roman;font-size:12pt;">consecutive statements. The amendment does not change the</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">net income under current </font><font style="font-family:Times New Roman;font-size:12pt;">U.S. </font><font style="font-family:Times New Roman;font-size:12pt;">GAAP. Thi</font><font style="font-family:Times New Roman;font-size:12pt;">s guidance became</font><font style="font-family:Times New Roman;font-size:12pt;"> effective for the </font><font style="font-family:Times New Roman;font-size:12pt;">Company's fiscal year and interim periods beginning January 29,</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">2012. The adoption </font><font style="font-family:Times New Roman;font-size:12pt;">did not </font><font style="font-family:Times New Roman;font-size:12pt;">have a material effec</font><font style="font-family:Times New Roman;font-size:12pt;">t on our </font><font style="font-family:Times New Roman;font-size:12pt;">consolidated financial </font><font style="font-family:Times New Roman;font-size:12pt;">statements.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font></p> |