2014 Q1 Form 10-K Financial Statement

#000119312514129974 Filed on April 03, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2014 2013 Q1
Revenue $1.466B $4.388B $1.406B
YoY Change 4.26% 8.53% 10.9%
Cost Of Revenue $870.6M $2.684B $825.7M
YoY Change 5.44% 9.52% 10.85%
Gross Profit $595.7M $1.704B $580.7M
YoY Change 2.59% 7.02% 10.97%
Gross Profit Margin 40.63% 38.84% 41.29%
Selling, General & Admin $368.1M $1.252B $357.3M
YoY Change 3.02% 5.81% 11.45%
% of Gross Profit 61.79% 73.47% 61.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.40M $149.8M $35.80M
YoY Change 7.26% 11.41% 12.58%
% of Gross Profit 6.45% 8.79% 6.16%
Operating Expenses $368.1M $1.252B $357.3M
YoY Change 3.02% 5.81% 11.48%
Operating Profit $217.7M $452.1M $223.4M
YoY Change -2.54% 10.49% 13.28%
Interest Expense $200.0K $600.0K $300.0K
YoY Change -33.33% -25.0% 50.0%
% of Operating Profit 0.09% 0.13% 0.13%
Other Income/Expense, Net
YoY Change
Pretax Income $217.9M $448.8M $210.7M
YoY Change 3.42% 11.76% 6.74%
Income Tax $84.10M $173.8M $77.00M
% Of Pretax Income 38.6% 38.72% 36.54%
Net Earnings $133.8M $278.9M $133.7M
YoY Change 0.07% 8.64% 9.07%
Net Earnings / Revenue 9.12% 6.36% 9.51%
Basic Earnings Per Share $1.42 $2.89
Diluted Earnings Per Share $1.38 $2.82 $1.340M
COMMON SHARES
Basic Shares Outstanding 94.13M shares 96.67M shares
Diluted Shares Outstanding 98.77M shares

Balance Sheet

Concept 2014 Q1 2014 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $330.1M $330.1M $424.6M
YoY Change -22.26% -22.26% -15.55%
Cash & Equivalents $330.1M $330.1M $424.6M
Short-Term Investments
Other Short-Term Assets $10.85M $215.5M $9.819M
YoY Change 10.52% 13.9% 6.39%
Inventory $813.2M $813.2M $640.0M
Prepaid Expenses $35.31M $26.34M
Receivables $60.30M $60.30M $63.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.419B $1.419B $1.317B
YoY Change 7.77% 7.77% 3.17%
LONG-TERM ASSETS
Property, Plant & Equipment $849.3M $849.3M $812.0M
YoY Change 4.59% 4.59% 10.53%
Goodwill $18.95M $18.95M
YoY Change -0.03% -1.81%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $54.51M $49.40M $46.47M
YoY Change 17.31% 23.81% 24.2%
Total Long-Term Assets $917.6M $917.6M $870.9M
YoY Change 5.36% 5.36% 11.02%
TOTAL ASSETS
Total Short-Term Assets $1.419B $1.419B $1.317B
Total Long-Term Assets $917.6M $917.6M $870.9M
Total Assets $2.337B $2.337B $2.188B
YoY Change 6.81% 6.81% 6.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $404.8M $404.8M $259.2M
YoY Change 56.19% 56.17% 18.7%
Accrued Expenses $138.2M $138.2M $120.6M
YoY Change 14.55% 14.59% 7.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.800M $1.800M $1.700M
YoY Change 5.88% 5.88% -5.56%
Total Short-Term Liabilities $861.1M $861.1M $657.1M
YoY Change 31.04% 31.05% 14.92%
LONG-TERM LIABILITIES
Long-Term Debt $2.000M $2.000M $3.800M
YoY Change -47.37% -47.37% -30.91%
Other Long-Term Liabilities $59.81M $217.7M $46.46M
YoY Change 28.73% 0.0% -0.16%
Total Long-Term Liabilities $59.81M $219.7M $46.46M
YoY Change 28.73% -0.81% -0.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $861.1M $861.1M $657.1M
Total Long-Term Liabilities $59.81M $219.7M $46.46M
Total Liabilities $1.081B $1.081B $878.5M
YoY Change 23.01% 23.02% 9.06%
SHAREHOLDERS EQUITY
Retained Earnings $729.0M $790.9M
YoY Change -7.82% 3.67%
Common Stock $941.0K $977.0K
YoY Change -3.68% -2.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.101M $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $1.256B $1.256B $1.309B
YoY Change
Total Liabilities & Shareholders Equity $2.337B $2.337B $2.188B
YoY Change 6.81% 6.81% 6.15%

Cashflow Statement

Concept 2014 Q1 2014 2013 Q1
OPERATING ACTIVITIES
Net Income $133.8M $278.9M $133.7M
YoY Change 0.07% 8.64% 9.07%
Depreciation, Depletion And Amortization $38.40M $149.8M $35.80M
YoY Change 7.26% 11.41% 12.58%
Cash From Operating Activities $305.1M $453.8M $301.7M
YoY Change 1.13% 24.62% 2.9%
INVESTING ACTIVITIES
Capital Expenditures -$48.80M $194.0M -$89.00M
YoY Change -45.17% -5.57% 216.73%
Acquisitions $0.00
YoY Change
Other Investing Activities $100.0K -$45.00K $100.0K
YoY Change 0.0% -122.17% -100.39%
Cash From Investing Activities -$48.60M -$190.6M -$88.90M
YoY Change -45.33% -7.83% 66.48%
FINANCING ACTIVITIES
Cash Dividend Paid $111.6M
YoY Change 27.02%
Common Stock Issuance & Retirement, Net $239.3M
YoY Change 54.29%
Debt Paid & Issued, Net $1.724M
YoY Change -4.01%
Cash From Financing Activities -54.20M -355.4M -50.80M
YoY Change 6.69% 50.3% -56.28%
NET CHANGE
Cash From Operating Activities 305.1M 453.8M 301.7M
Cash From Investing Activities -48.60M -190.6M -88.90M
Cash From Financing Activities -54.20M -355.4M -50.80M
Net Change In Cash 202.3M -92.23M 162.0M
YoY Change 24.88% 16.55% 31.07%
FREE CASH FLOW
Cash From Operating Activities $305.1M $453.8M $301.7M
Capital Expenditures -$48.80M $194.0M -$89.00M
Free Cash Flow $353.9M $259.8M $390.7M
YoY Change -9.42% 63.69% 21.6%

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StockRepurchasedAndRetiredDuringPeriodShares
5384036 shares
CY2012 us-gaap Treasury Stock Acquired Average Cost Per Share
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36.11
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.023 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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291334000
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.035 pure
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1743000 shares
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104352000 shares
CY2012 us-gaap Sales Revenue Net
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3720895000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
130353000
CY2012 us-gaap Increase Decrease In Restricted Cash
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2220000
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68877000
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367620000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
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17925000
CY2012 us-gaap Increase Decrease In Other Operating Assets
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2065000
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
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-232000
CY2012 us-gaap Income Taxes Paid Net
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150657000
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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25363000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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14210000
CY2012 us-gaap Repayments Of Long Term Debt
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0
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
236931000
CY2012 us-gaap Interest Paid
InterestPaid
1952000
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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379000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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1329000
CY2012 us-gaap Comprehensive Income Net Of Tax
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236531000
CY2012 us-gaap Gross Profit
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CY2012 us-gaap Operating Income Loss
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CY2012 us-gaap Increase Decrease In Accounts And Other Receivables
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CY2012 us-gaap Payments For Repurchase Of Common Stock
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CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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CY2012 us-gaap Net Income Loss
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236931000
CY2012 us-gaap Increase Decrease In Inventories
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34853000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2012 us-gaap Operating Leases Rent Expense Sublease Rentals1
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382000
CY2012 us-gaap Deferred Income Tax Expense Benefit
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CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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370000
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CY2012 us-gaap Share Based Compensation
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CY2012 us-gaap Stock Repurchased During Period Value
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CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-125646000
CY2012 us-gaap Current State And Local Tax Expense Benefit
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CY2012 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2012 us-gaap Advertising Expense
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301316000
CY2012 us-gaap Defined Benefit Plan Contributions By Employer
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4862000
CY2012 us-gaap Selling General And Administrative Expense
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CY2012 us-gaap Income Tax Expense Benefit
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0
CY2012 us-gaap Increase Decrease In Deferred Revenue
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-2242000
CY2012 us-gaap Dividends Common Stock Cash
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76308000
CY2012 us-gaap Operating Leases Rent Expense Contingent Rentals
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34390000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2012 us-gaap Increase Decrease In Accrued Liabilities
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CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2012 us-gaap Increase Decrease In Accounts Payable
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CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
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15650000
CY2012 us-gaap Proceeds From Stock Options Exercised
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9614000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
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-1427000
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
130553000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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8021000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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2070000
CY2012 us-gaap Current Income Tax Expense Benefit
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130689000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4044000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
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-13000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012 wsm Revenue Recognition Sales Returns Reserve For Sales Returns Net Of Cost Of Goods Sold
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245815000
CY2012 wsm Increases Decreases In Deferred Rent And Lease Incentive Liability
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7570000
CY2012 wsm Operating Leases Rental Expense
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186346000
CY2012 wsm Rent Expense Before Deferred Lease Incentive Income
RentExpenseBeforeDeferredLeaseIncentiveIncome
220736000
CY2012 wsm Sales Returns Goods Net Of Cost Of Goods Sold
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244166000
CY2012 wsm Deferred Lease Incentive Income
DeferredLeaseIncentiveIncome
27547000
CY2012 wsm Asset Impairment And Early Lease Termination Charges
AssetImpairmentAndEarlyLeaseTerminationCharges
3194000
CY2012 wsm Cost Of Goods Sold And Occupancy Expenses
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2261039000
CY2012 wsm Net Interest Income And Expense
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-98000
CY2012 wsm Amortization Lease Incentives
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27547000
CY2012 wsm Tax Benefit From Exercise Of Share Based Awards
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8515000
CY2012 wsm Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributable To Foreign Countries
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributableToForeignCountries
140100000
CY2014 dei Trading Symbol
TradingSymbol
WSM
CY2014 dei Entity Registrant Name
EntityRegistrantName
WILLIAMS SONOMA INC
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-02-02
CY2014 dei Entity Central Index Key
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0000719955
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Current Fiscal Year End Date
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--02-02
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.89
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y4M21D
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.82
CY2014 us-gaap Common Stock Dividends Per Share Declared
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1.24
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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98765000 shares
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.003 pure
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2096000 shares
CY2014 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06 pure
CY2014 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Customer Deposits</i></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Customer deposits are primarily comprised of unredeemed gift cards and merchandise credits and deferred revenue related to undelivered merchandise. We maintain a liability for unredeemed gift cards and merchandise credits until the earlier of redemption, escheatment or four years as we have concluded that the likelihood of our gift cards being redeemed beyond four years from the date of issuance is remote.</font></p> </div>
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.384 pure
CY2014 us-gaap Stock Repurchased And Retired During Period Shares
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4344962 shares
CY2014 us-gaap Treasury Stock Acquired Average Cost Per Share
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55.07
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
453769000
CY2014 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Fiscal Year</i></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Our fiscal year ends on the Sunday closest to January&#xA0;31, based on a 52 or 53-week year. Fiscal 2013, a <font style="WHITE-SPACE: nowrap">52-week</font> year, ended on February&#xA0;2, 2014; fiscal 2012, a 53-week year, ended on February&#xA0;3, 2013; and fiscal 2011, a <font style="WHITE-SPACE: nowrap">52-week</font> year, ended on January&#xA0;29, 2012.</font></p> </div>
CY2014 us-gaap Revenue Recognition Sales Returns
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Sales Returns Reserve</i></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Our customers may return purchased items for an exchange or refund. We record a reserve for estimated product returns, net of cost of goods sold, based on historical return trends together with current product sales performance. A summary of activity in our sales returns reserve is as follows:</font></p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 12px; MARGIN-TOP: 0px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr> <td width="64%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Dollars in thousands</i></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px" align="right"> <font style="FONT-FAMILY: Times New Roman" size="2">Fiscal&#xA0;2013</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="VERTICAL-ALIGN: baseline; POSITION: relative; BOTTOM: 0.8ex"><i>1</i></sup></font></p> <p style="MARGIN-BOTTOM: 1px; MARGIN-TOP: 0px" align="right"> <font style="FONT-FAMILY: Times New Roman" size="2">(52 Weeks)</font></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px" align="right"> <font style="FONT-FAMILY: Times New Roman" size="2">Fiscal&#xA0;2012</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="VERTICAL-ALIGN: baseline; POSITION: relative; BOTTOM: 0.8ex"><i>1</i></sup></font></p> <p style="MARGIN-BOTTOM: 1px; MARGIN-TOP: 0px" align="right"> <font style="FONT-FAMILY: Times New Roman" size="2">(53 Weeks)</font></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px" align="right"> <font style="FONT-FAMILY: Times New Roman" size="2">Fiscal&#xA0;2011</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="VERTICAL-ALIGN: baseline; POSITION: relative; BOTTOM: 0.8ex"><i>1</i></sup></font></p> <p style="MARGIN-BOTTOM: 1px; MARGIN-TOP: 0px" align="right"> <font style="FONT-FAMILY: Times New Roman" size="2">(52 Weeks)</font></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font style="FONT-FAMILY: Times New Roman" size="2">Balance at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">14,397</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">14,151</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">12,502</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font style="FONT-FAMILY: Times New Roman" size="2">Provision for sales returns</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">293,929</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">270,156</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">245,815</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font style="FONT-FAMILY: Times New Roman" size="2">Actual sales returns</font></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(292,372</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(269,910</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(244,166</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font style="FONT-FAMILY: Times New Roman" size="2">Balance at end of year</font></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">15,954</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">14,397</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">14,151</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> </table> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 4px; MARGIN-TOP: 0px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" size="1"><i><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="VERTICAL-ALIGN: baseline; POSITION: relative; BOTTOM: 0.8ex">1</sup>&#xA0;</font></i></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="1"><i><font style="FONT-FAMILY: Times New Roman" size="1">Amounts are shown net of cost of goods sold.</font></i></font></p> </td> </tr> </table> </div>
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
201442 shares
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.037 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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34.94
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0 shares
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CY2014 us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Use of Estimates</i></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in accordance with accounting principles generally accepted in the United&#xA0;States of America requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. These estimates and assumptions are evaluated on an ongoing basis and are based on historical experience and various other factors that we believe to be reasonable under the circumstances. Actual results could differ from these estimates.</font></p> </div>
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P2Y
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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96669000 shares
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CY2014 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.50 pure
CY2014 us-gaap Sales Revenue Net
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448764000
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15341000
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186968000
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-3675000
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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278902000
CY2014 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-2764000
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129000
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0
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1724000
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8743000
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870000
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278902000
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1270000
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18096000
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452682000
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-7850000
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870000
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328000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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3351000
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271793000
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0
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239274000
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741000
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17940000
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278902000
CY2014 us-gaap Increase Decrease In Inventories
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174664000
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750000000
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0
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38788000
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536000
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-58000
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42000
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25748000
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210414000
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18096000
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1692000
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173686000
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325708000
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5538000
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1252118000
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129000
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21578000
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121688000
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34608000
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3834000
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43635000
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7478000
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135095000
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6614000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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-1277000
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149795000
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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8743000
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170000
CY2014 us-gaap Current Income Tax Expense Benefit
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202124000
CY2014 us-gaap Current Foreign Tax Expense Benefit
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2690000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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293929000
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13238000
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20 Y
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Six
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201727000
CY2014 wsm Defined Contribution Plan Employers Matching Contribution Vesting Percentage During First Five Years Of Employment
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0.20 pure
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236335000
CY2014 wsm Prepaid Catalog Expenses Amortization Period Maximum
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Nine
CY2014 wsm Period Of Recognition For Gift Cards Gift Certificates And Merchandise Credits
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4 Y
CY2014 wsm Derivative Instruments Gain Loss Recognized In Income De Designated Or Not Designated Net
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906000
CY2014 wsm Sales Returns Goods Net Of Cost Of Goods Sold
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292372000
CY2014 wsm Percentage Change In Inventory Reserves That Would Not Have Material Effect On Net Income
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0.10 pure
CY2014 wsm Year Of Service Required To Be Completed Before Eligible To Receive Company Matching Contributions
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1 Y
CY2014 wsm Share Based Compensation Arrangement By Share Based Payment Award Options Vested Percentage
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1.00 pure
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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8414000
CY2013 us-gaap Repayments Of Long Term Debt
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1796000
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25385000
CY2014 wsm Asset Impairment And Early Lease Termination Charges
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561000
CY2014 wsm Cost Of Goods Sold And Occupancy Expenses
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2683673000
CY2014 wsm Net Interest Income And Expense
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-584000
CY2014 wsm Amortization Lease Incentives
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25382000
CY2014 wsm Tax Benefit From Exercise Of Share Based Awards
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8817000
CY2014 wsm Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributable To Foreign Countries
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215500000
CY2013 us-gaap Earnings Per Share Basic
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2.59
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2.54
CY2013 us-gaap Common Stock Dividends Per Share Declared
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0.88
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101051000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.009 pure
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1785000 shares
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.374 pure
CY2013 us-gaap Stock Repurchased And Retired During Period Shares
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3962034 shares
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39.14
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364127000
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0.033 pure
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1313000 shares
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4042870000
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205404000
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1323000
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87847000
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401542000
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27230000
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12204000
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131440000
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2937000
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256730000
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12683000
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0
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
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256730000
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1651000
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18637000
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409956000
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1043000
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936000
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2188000
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257773000
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1592476000
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0
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409163000
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1183313000
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153226000
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931000
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0
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16962000
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88452000
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16408000
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155080000
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21477000
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256730000
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85981000
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0
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31042000
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535000
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-405000
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171000
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31042000
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155080000
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-78202000
CY2013 us-gaap Current State And Local Tax Expense Benefit
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22072000
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197465000
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18637000
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2917000
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136742000
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318338000
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5517000
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35634000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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5497000
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9147000
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19352000
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22461000
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-7827000
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14637000
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134453000
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12683000
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1069000
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162255000
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3441000
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0
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270156000
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18803000
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189060000
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224694000
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269910000
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26694000
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166600000
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49323000
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0.40
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
887808000
CY2013Q2 us-gaap Gross Profit
GrossProfit
334185000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
63783000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
39466000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
874283000
CY2012Q3 us-gaap Gross Profit
GrossProfit
334480000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
70103000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
43380000
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
982209000
CY2013Q3 us-gaap Gross Profit
GrossProfit
368924000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
78086000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
48919000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
944554000
CY2012Q4 us-gaap Gross Profit
GrossProfit
367998000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
79296000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
48900000
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
1051548000
CY2013Q4 us-gaap Gross Profit
GrossProfit
405388000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
92494000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
56719000
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.38
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1466324000
CY2014Q1 us-gaap Gross Profit
GrossProfit
595719000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
217735000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
133798000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.34
us-gaap Sales Revenue Net
SalesRevenueNet
1406419000
us-gaap Gross Profit
GrossProfit
580732000
us-gaap Operating Income Loss
OperatingIncomeLoss
210441000
us-gaap Net Income Loss
NetIncomeLoss
133734000

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