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Document and Entity Information
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3 Months Ended | |
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Oct. 02, 2010
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Oct. 29, 2010
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| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Oct. 02, 2010 | |
| Document Fiscal Year Focus | 2011 | |
| Document Fiscal Period Focus | Q1 | |
| Trading Symbol | COH | |
| Entity Registrant Name | COACH INC | |
| Entity Central Index Key | 0001116132 | |
| Current Fiscal Year End Date | --07-02 | |
| Entity Filer Category | Large Accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 296,381,251 |
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- Definition
If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other. No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Trading symbol of an instrument as listed on an exchange. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of APIC associated with common AND preferred stock. For APIC associated with only common stock, use the element Additional Paid In Capital, Common Stock. For APIC associated with only preferred stock, use the element Additional Paid In Capital, Preferred Stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. This caption alerts the reader that one or more notes to the financial statements disclose pertinent information about the entity's commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Dollar value of issued common stock whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid, adjusted for any amortization recognized prior to adoption of FAS 142 and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). No definition available.
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. No definition available.
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- Definition
Total of all Liabilities and Stockholders' Equity items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet due to materiality considerations. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet due to materiality considerations. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Dollar value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified |
Oct. 02, 2010
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Jul. 03, 2010
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| Trade accounts receivable, allowances | $ 8,287 | $ 6,965 |
| Preferred stock, authorized | 25,000,000 | 25,000,000 |
| Preferred stock, par value | $ 0.01 | $ 0.01 |
| Preferred stock, issued | 0 | 0 |
| Common stock, authorized | 1,000,000,000 | 1,000,000,000 |
| Common stock, par value | $ 0.01 | $ 0.01 |
| Common stock, issued | 295,677,161 | 296,867,247 |
| Common stock, outstanding | 295,677,161 | 296,867,247 |
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Excludes common shares repurchased by the entity and held as Treasury shares. Shares outstanding equals shares issued minus shares held in treasury. Does not include common shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
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Oct. 02, 2010
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Sep. 26, 2009
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| Net sales | $ 911,669 | $ 761,437 |
| Cost of sales | 235,498 | 211,259 |
| Gross profit | 676,171 | 550,178 |
| Selling, general and administrative expenses | 390,511 | 326,931 |
| Operating income | 285,660 | 223,247 |
| Interest income, net | 248 | 1,835 |
| Other expense | (810) | |
| Income before provision for income taxes | 285,098 | 225,082 |
| Provision for income taxes | 96,222 | 84,255 |
| Net income | $ 188,876 | $ 140,827 |
| Net income per share | ||
| Basic | $ 0.64 | $ 0.44 |
| Diluted | $ 0.63 | $ 0.44 |
| Shares used in computing net income per share | ||
| Basic | 296,304 | 318,286 |
| Diluted | 301,249 | 321,115 |
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- Details
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. No definition available.
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- Definition
Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively, net of related investment expenses. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized, and does not include investment income from real or personal property, such as rental income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Any other expense items resulting from secondary business-related activities, excluding those considered part of the normal operations of the business that have not been previously categorized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow (outflow) from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). No definition available.
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- Definition
Transactions that do not result in cash inflows or outflows in the period in which they occur, but affect net income and thus are removed when calculating net cash flow from operating activities using the indirect cash flow method. This element is used when there is not a more specific and appropriate element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net change between the beginning and ending balance of cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The component of income tax expense for the period representing the net change in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. No definition available.
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- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element reduces net cash provided by operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change during the reporting period in the aggregate amount of obligations due within one year (or one business cycle). This may include trade payables, amounts due to related parties, royalties payable, and other obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net change during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net change during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net change during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net change during the reporting period in other operating assets not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net change during the reporting period in other operating obligations not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow (outflow) from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The net cash inflow (outflow) from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow from the entity's earnings to the shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Basis of Presentation and Organization
|
3 Months Ended | ||
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Oct. 02, 2010
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| Basis of Presentation and Organization |
The
accompanying unaudited condensed consolidated financial statements
include the accounts of Coach, Inc. (“Coach” or the
“Company”) and all 100% owned
subsidiaries. These condensed consolidated financial
statements have been prepared pursuant to the rules and regulations
of the Securities and Exchange Commission
(“SEC”). Certain information and footnote
disclosures normally included in financial statements prepared in
accordance with accounting principles generally accepted in the
United States of America have been condensed or omitted from this
report as is permitted by SEC rules and
regulations. However, the Company believes that the
disclosures are adequate to make the information presented not
misleading. This report should be read in conjunction
with the audited consolidated financial statements and notes
thereto, included in the Company’s Annual Report on Form 10-K
filed with the SEC for the year ended July 3, 2010 (“fiscal
2010”).
In
the opinion of management, the accompanying unaudited condensed
consolidated financial statements contain all normal and recurring
adjustments necessary to present fairly the consolidated financial
condition, results of operations and changes in cash flows of the
Company for the interim periods presented. The results
of operations for the quarter ended October 2, 2010 are not
necessarily indicative of results to be expected for the entire
fiscal year, which will end on July 2, 2011 (“fiscal
2011”).
The
Company evaluated subsequent events through the date these
financial statements were issued, and concluded there were no
events to recognize or disclose.
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| X | ||||||||||
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- Definition
Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stockholders' Equity
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Oct. 02, 2010
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| Stockholders' Equity |
Activity
for the quarters ended October 2, 2010 and September 26, 2009 in
the accounts of Stockholders’ Equity is summarized
below:
The
components of accumulated other comprehensive income, as of the
dates indicated, are as follows:
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| X | ||||||||||
|
- Definition
Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Oct. 02, 2010
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| Earnings Per Share |
Basic
net income per share is calculated by dividing net income by the
weighted-average number of shares outstanding during the
period. Diluted net income per share is calculated
similarly but includes potential dilution from the exercise of
stock options and employee benefit and share awards.
The
following is a reconciliation of the weighted-average shares
outstanding and calculation of basic and diluted net income per
share:
At
October 2, 2010, options to purchase 7,235 shares of common stock
were outstanding but not included in the computation of diluted
earnings per share, as these options’ exercise prices,
ranging from $38.41 to $51.56, were greater than the average market
price of the common shares.
At
September 26, 2009, options to purchase 22,157 shares of common
stock were outstanding but not included in the computation of
diluted earnings per share, as these options’ exercise
prices, ranging from $28.80 to $51.56, were greater than the
average market price of the common shares.
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| X | ||||||||||
|
- Definition
This element may be used to capture the complete disclosure pertaining to an entity's earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 02, 2010
|
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| Share-Based Compensation |
The
following table shows the total compensation cost charged against
income for share-based compensation plans and the related tax
benefits recognized in the income statement for the periods
indicated:
Stock Options
A
summary of option activity under the Coach stock option plans as of
October 2, 2010 and changes during the period then ended is as
follows:
At
October 2, 2010, $70,848 of total unrecognized compensation cost
related to non-vested stock option awards is expected to be
recognized over a weighted-average period of 1.2
years.
The
weighted-average grant-date fair value of individual options
granted during the first quarter of fiscal 2011 and fiscal 2010 was
$11.17 and $9.56, respectively. The total intrinsic
value of options exercised during the first quarter of fiscal 2010
and fiscal 2009 was $21,361 and $4,183,
respectively. The total cash received from these option
exercises was $50,117 and $4,622, respectively, and the actual tax
benefit realized from these option exercises was $7,892 and $1,639,
respectively.
Share Unit Awards
The
grant-date fair value of each Coach share unit award is equal to
the fair value of Coach stock at the grant date. The
following table summarizes information about non-vested share units
as of and for the period ended October 2, 2010:
At
October 2, 2010, $108,554 of total unrecognized compensation cost
related to non-vested share awards is expected to be recognized
over a weighted-average period of 1.3 years.
The
weighted-average grant-date fair value of share awards granted
during the first quarter of fiscal 2011 and fiscal 2010 was $38.45
and $29.31, respectively. The total fair value of shares
vested during the first quarter of fiscal 2011 and fiscal 2010 was
$34,608 and $16,175, respectively.
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| X | ||||||||||
|
- Definition
Disclosure of compensation-related costs for share-based compensation which may include disclosure of policies, compensation plan details, allocation of stock compensation, incentive distributions, share-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value Measurements
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Oct. 02, 2010
|
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| Fair Value Measurements |
In
accordance with Accounting Standards Codification
(“ASC”) 820-10, “Fair Value Measurements and
Disclosures,” the Company categorizes its assets and
liabilities, based on the priority of the inputs to the valuation
technique, into a three-level fair value hierarchy as set forth
below. The three levels of the hierarchy are defined as
follows:
Level
1 — Unadjusted quoted prices in active markets for identical
assets or liabilities. Coach currently does not have any
Level 1 financial assets or liabilities.
Level
2 — Observable inputs other than quoted prices included in
Level 1. Level 2 inputs include quoted prices for
identical assets or liabilities in non-active markets, quoted
prices for similar assets or liabilities in active markets, and
inputs other than quoted prices that are observable for
substantially the full term of the asset or liability.
Level
3 — Unobservable inputs reflecting management’s own
assumptions about the input used in pricing the asset or
liability.
The
following table shows the fair value measurements of the
Company’s assets and liabilities at October 2, 2010 and July
3, 2010:
(a)
The fair value of the security is determined using a model that
takes into consideration the financial conditions of the issuer and
the bond insurer, current market conditions and the value of the
collateral bonds.
(b)
The Company enters into zero-cost collar options to manage its
exposure to foreign currency exchange rate fluctuations resulting
from Coach Japan's and Coach Canada’s U.S. dollar-denominated
inventory purchases. The fair value of these cash flow
hedges is primarily based on the forward curves of the specific
indices upon which settlement is based and includes an adjustment
for the counterparty’s or Company’s credit
risk.
(c)
The Company is a party to a cross-currency swap transaction to
manage its exposure to foreign currency exchange rate fluctuations
resulting from Coach Japan's U.S. dollar-denominated fixed rate
intercompany loan. The fair value of this cash flow
hedge is primarily based on the forward curves of the specific
indices upon which settlement is based and includes an adjustment
for the Company's credit risk.
As
of October 2, 2010 and July 3, 2010, the Company’s
investments included an auction rate security (“ARS”),
deemed a long-term investment classified within other assets, as
the auction for this security has been unsuccessful. The
underlying investments of the ARS are scheduled to mature in 2035.
This auction rate security is currently rated A, an
investment grade rating afforded by credit rating agencies.
We have determined that the significant majority of the inputs used
to value this security fall within Level 3 of the fair value
hierarchy as the inputs are based on unobservable
estimates. The fair value of the Company’s ARS has
been $6,000 since the beginning of the Company’s first
quarter of fiscal 2010.
As
of October 2, 2010 and July 3, 2010, the fair value of the
Company’s cross-currency swap derivatives were included
within accrued liabilities. The Company uses a
management model, to value these derivatives, which includes a
combination of observable inputs, such as tenure of the agreement
and notional amount, and unobservable inputs, such as the
Company’s credit rating. The table below presents the
changes in the fair value of the cross-currency swaps during
the first quarters of fiscal 2011 and 2010:
The
Company’s short-term investments of $90,592 and $99,928 as of
October 2, 2010 and July 3, 2010, respectively, consist of U.S.
treasury bills and commercial paper which are classified as
held-to-maturity based on our positive intent and ability to hold
the securities to maturity. They are stated at amortized
cost, which approximates fair market value due to their short
maturities.
|
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| X | ||||||||||
|
- Definition
This item represents the complete disclosure regarding the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Commitments and Contingencies
|
3 Months Ended | ||
|---|---|---|---|
|
Oct. 02, 2010
|
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| Commitments and Contingencies |
At
October 2, 2010, the Company had letters of credit outstanding
totaling $147,380. The letters of credit, which expire
at various dates through 2013, primarily collateralize the
Company’s obligation to third parties for the purchase of
inventory.
In
the ordinary course of business, Coach is a party to several
pending legal proceedings and claims. Although the
outcome of such items cannot be determined with certainty,
Coach’s General Counsel and management are of the opinion
that the final outcome will not have a material effect on
Coach’s financial position, results of operations or cash
flows.
|
| X | ||||||||||
|
- Definition
Includes disclosure of commitments and contingencies. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Instruments and Hedging Activities
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|
Oct. 02, 2010
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| Derivative Instruments and Hedging Activities |
Substantially
all purchases and sales involving international parties are
denominated in U.S. dollars, which limits the Company’s
exposure to foreign currency exchange rate
fluctuations. However, the Company is exposed to foreign
currency exchange risk related to Coach Japan’s and Coach
Canada’s U.S. dollar-denominated inventory purchases and
Coach Japan’s $139,400 U.S. dollar-denominated fixed rate
intercompany loan. Coach uses derivative financial
instruments to manage these risks. These derivative
transactions are in accordance with the Company’s risk
management policies. Coach does not enter into derivative
transactions for speculative or trading purposes.
Coach
Japan and Coach Canada enter into certain foreign currency
derivative contracts, primarily zero-cost collar options, to manage
the exchange rate risk related to their inventory
purchases. As of October 2, 2010 and July 3, 2010,
$185,593 and $248,555 of foreign currency forward contracts were
outstanding, respectively.
On
July 1, 2005, to manage the exchange rate risk related to its
$231,000 intercompany loan, Coach Japan entered into a
cross-currency swap transaction. The terms of the
cross-currency swap transaction included an exchange of a Japanese
Yen fixed interest rate for a U.S. dollar fixed interest rate and
an exchange of Japanese Yen and U.S. dollar-based notional
values. On July 2, 2010, the maturity date of the
original intercompany loan, Coach Japan repaid the loan and settled
the cross-currency swap, and entered into a new $139,400
intercompany loan agreement. Concurrently, to manage the
exchange rate risk on the new loan, Coach Japan entered into a new
cross-currency swap transaction, the terms of which included an
exchange of a Japanese Yen fixed interest rate for a U.S. dollar
fixed interest rate. The loan matures on June 30, 2011,
at which point the swap requires an exchange of Japanese Yen and
U.S. dollar based notional values.
The
Company’s derivative instruments are designated as cash flow
hedges. The effective portion of gains or losses on the derivative
instruments are reported as a component of other comprehensive
income and reclassified into earnings in the same periods during
which the hedged transaction affects earnings. The ineffective
portion of gains or losses on the derivative instruments are
recognized in current earnings and are included within net cash
provided by operating activities.
The
following tables provide information related to the Company’s
derivatives:
For
the first quarters of fiscal 2011 and fiscal 2010, the amounts
above are net of tax of $3,882 and $985, respectively.
During
the quarters ended October 2, 2010 and September 26, 2009, there
were no material gains or losses recognized in income due to hedge
ineffectiveness.
The
Company expects that $12,072 of net derivative losses included in
accumulated other comprehensive income at October 2, 2010 will be
reclassified into earnings within the next 12
months. This amount will vary due to fluctuations in the
Japanese Yen and Canadian Dollar exchange rates.
Hedging
activity affected accumulated other comprehensive (loss) income,
net of tax, as follows:
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| X | ||||||||||
|
- Definition
This element can be used to disclose the entity's entire derivative instruments and hedging activities disclosure as a single block of text. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising there from, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Goodwill and Intangible Assets
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Oct. 02, 2010
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| Goodwill and Intangible Assets |
The
change in the carrying value of goodwill for the first quarter of
fiscal 2011 ended October 2, 2010, by operating segment, is as
follows:
At
October 2, 2010 and July 3, 2010, intangible assets not subject to
amortization consisted of $9,788 of trademarks.
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| X | ||||||||||
|
- Definition
Discloses the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain or loss on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. This element may be used as a single block of text to include the entire intangible asset disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Segment Information
|
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Oct. 02, 2010
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| Segment Information |
The
Company operates its business in two reportable segments:
Direct-to-Consumer and Indirect. The Company's
reportable segments represent channels of distribution that offer
similar merchandise and service and utilize similar marketing
strategies. Sales of Coach products through
Company-operated stores in North America, Japan, Hong Kong, Macau
and mainland China, the Internet and the Coach catalog constitute
the Direct-to-Consumer segment. The Indirect segment
includes sales to wholesale customers in over 20 countries,
including the United States, and royalties earned on licensed
product. In deciding how to allocate resources and
assess performance, the Company's executive officers regularly
evaluate the net sales and operating income of these
segments. Operating income is the gross margin of the
segment less direct expenses of the segment. Unallocated
corporate expenses include production variances, general marketing,
administration and information systems expenses, as well as
distribution and consumer service expenses.
The
following is a summary of the common costs not allocated in the
determination of segment performance:
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| X | ||||||||||
|
- Definition
This element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Stock Repurchase Program
|
3 Months Ended | ||
|---|---|---|---|
|
Oct. 02, 2010
|
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| Stock Repurchase Program |
Purchases
of Coach’s common stock are made from time to time, subject
to market conditions and at prevailing market prices, through the
open market. Repurchased shares of common stock become
authorized but unissued shares and may be issued in the future for
general corporate and other purposes. The Company may
terminate or limit the stock repurchase program at any
time.
Coach
accounts for stock repurchases and retirements by allocating the
repurchase price to common stock, additional paid-in-capital and
retained earnings. The repurchase price allocation is
based upon the equity contribution associated with historical
issuances, beginning with the earliest issuance. During
the fourth quarter of fiscal 2010, cumulative stock repurchases
allocated to retained earnings have resulted in an accumulated
deficit balance. Since its initial public offering, the
Company has not experienced a net loss in any fiscal year, and the
net accumulated deficit balance in stockholders’ equity is
attributable to the cumulative stock repurchase
activity.
For
the first quarter of fiscal 2011, the Company repurchased and
retired 3,585 shares of common stock at an average cost of $38.35
per share. The Company did not repurchase any shares of
common stock during the first quarter of fiscal 2010. As
of October 2, 2010, Coach had $422,128 remaining in the stock
repurchase program.
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| X | ||||||||||
|
- Definition
This element may be used to capture the complete disclosure pertaining to an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's Board of Directors, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation. No definition available.
|
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Change in Accounting Principle
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Oct. 02, 2010
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| Change in Accounting Principle |
Coach
adopted the FASB’s guidance for accounting for uncertainty in
income taxes, codified within ASC 740 “Income Taxes,”
on July 1, 2007, the first day of fiscal 2008. At
adoption, Coach elected to classify interest and penalties related
to uncertain tax positions as a component of interest expense
included within Interest income, net. On July 4, 2010,
the Company changed its method of accounting to include such
amounts as a component of the provision for income
taxes. The Company believes this change is preferable
because: it will improve Coach’s comparability with its
industry peers; it is more consistent with the way in which the
Company manages the settlement of uncertain tax positions as one
overall amount inclusive of interest and penalties; and it will
provide more meaningful information to investors by including only
interest expense related to revolving credit facilities and
long-term debt financing activities within Interest income,
net.
The
change in accounting method for presentation of interest and
penalties for uncertain tax positions was completed in accordance
with ASC 250, “Accounting Changes and Error
Corrections.” Accordingly, the change in
accounting principle has been applied retrospectively by adjusting
the financial statement amounts for the prior periods
presented. The change to current or historical periods
presented herein due to the change in accounting principle was
limited to income statement classification, with no effect on net
income.
The
following table details the retrospective application impact on
previously reported amounts:
The
following table shows the impact of the accounting principle change
on reported balances for the quarter ended October 2,
2010:
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| X | ||||||||||
|
- Definition
Represents disclosure of any changes in an accounting principle, including a change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. Also disclose any change in the method of applying an accounting principle, or any change in an accounting principle required by a new pronouncement in the unusual instance that a new pronouncement does not include specific transition provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Recent Accounting Developments
|
3 Months Ended | ||
|---|---|---|---|
|
Oct. 02, 2010
|
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| Recent Accounting Developments |
ASC
820-10 “Fair Value Measurements and
Disclosures,” 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 and the timing of the transfers
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 December 27, 2009,
except for certain disclosures about purchases, sales, issuances,
and settlements related to Level 3 fair value measurements, which
are effective for the Company beginning on January 2,
2011. The disclosure guidance adopted on December 27,
2009 did not have a material impact on our consolidated financial
statements and we do not expect the additional disclosure
requirements, effective for the Company beginning on January 2,
2011, to have a material impact on our consolidated financial
statements.
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| X | ||||||||||
|
- Definition
For a new accounting pronouncement that has been issued but not yet adopted, an entity's disclosure should (1) describe the new pronouncement, the date that adoption is required and the date that the entity plans to adopt, if earlier; (2) discuss the methods of adoption allowed by the pronouncement and the method expected to be utilized by the entity, if determined; (3) discuss the impact that adoption of the pronouncement is expected to have on the financial statements of the entity, unless such impact is not known or reasonably estimable (in which case, a statement to that effect should be made) and; (4) disclose the potential impact of other significant matters that the entity believes might result from the adoption of the pronouncement (for example, technical violations of debt covenant agreements and planned or intended changes in business practices.) No definition available.
|
|
Stockholders' Equity (Tables)
|
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Oct. 02, 2010
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| Stockholders Equity Disclosure | Activity
for the quarters ended October 2, 2010 and September 26, 2009 in
the accounts of Stockholders’ Equity is summarized
below:
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| Accumulated Other Comprehensive Income Loss Disclosure | The
components of accumulated other comprehensive income, as of the
dates indicated, are as follows:
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| X | ||||||||||
|
- Definition
Accumulated Other Comprehensive Income Loss Disclosure [Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) accumulated balance for each classification of other comprehensive income; (2) dividends paid or payable per share; and (3) share repurchases. No definition available.
|
|
Earnings Per Share (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 02, 2010
|
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| Earnings Per Share Computation | The
following is a reconciliation of the weighted-average shares
outstanding and calculation of basic and diluted net income per
share:
|
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| X | ||||||||||
|
- Definition
Earnings Per Share Computation. No definition available.
|
|
Share-Based Compensation (Tables)
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Oct. 02, 2010
|
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| Stock Based Compensation | The
following table shows the total compensation cost charged against
income for share-based compensation plans and the related tax
benefits recognized in the income statement for the periods
indicated:
|
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| Schedule of Share-based Compensation, Options Activity | A
summary of option activity under the Coach stock option plans as of
October 2, 2010 and changes during the period then ended is as
follows:
|
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| Schedule of Nonvested Stock-Based Awards | The
following table summarizes information about non-vested share units
as of and for the period ended October 2, 2010:
|
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| X | ||||||||||
|
- Definition
Schedule of Nonvested Stock-Based Awards [Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Schedule of Share-based Compensation, Options Activity. No definition available.
|
| X | ||||||||||
|
- Definition
Stock Based Compensation [Text Block] No definition available.
|
|
Fair Value Measurements (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 02, 2010
|
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| Fair Value, by Balance Sheet Grouping | The
following table shows the fair value measurements of the
Company’s assets and liabilities at October 2, 2010 and July
3, 2010:
(a)
The fair value of the security is determined using a model that
takes into consideration the financial conditions of the issuer and
the bond insurer, current market conditions and the value of the
collateral bonds.
(b)
The Company enters into zero-cost collar options to manage its
exposure to foreign currency exchange rate fluctuations resulting
from Coach Japan's and Coach Canada’s U.S. dollar-denominated
inventory purchases. The fair value of these cash flow
hedges is primarily based on the forward curves of the specific
indices upon which settlement is based and includes an adjustment
for the counterparty’s or Company’s credit
risk.
(c)
The Company is a party to a cross-currency swap transaction to
manage its exposure to foreign currency exchange rate fluctuations
resulting from Coach Japan's U.S. dollar-denominated fixed rate
intercompany loan. The fair value of this cash flow
hedge is primarily based on the forward curves of the specific
indices upon which settlement is based and includes an adjustment
for the Company's credit risk.
|
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| Fair Value, Liabilities Measured on Recurring Basis | The
table below presents the changes in the fair value of the
cross-currency swaps during the first quarters of fiscal 2011
and 2010:
|
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| X | ||||||||||
|
- Definition
This item represents certain of the disclosures concerning the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
This element represents the disclosure related to liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Instruments and Hedging Activities (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 02, 2010
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| Derivative Instruments Designated as Cash Flow Hedges, Activity, Disclosure | The
following tables provide information related to the Company’s
derivatives:
|
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| Schedule of Derivative Instruments Recognized in Other Comprehensive Income |
|
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| Derivative Instruments Gain (Loss) by Hedging Relationship by Income Statement Location |
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| Cash Flow Hedges Included Accumulated Other Comprehensive Income (Loss) | Hedging
activity affected accumulated other comprehensive (loss) income,
net of tax, as follows:
|
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| X | ||||||||||
|
- Definition
Cash Flow Hedges Included Accumulated Other Comprehensive Income (Loss) [Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Derivative Instruments Designated as Cash Flow Hedges, Activity, Disclosure [Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Derivative Instruments Gain (Loss) by Hedging Relationship by Income Statement Location [Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Schedule of Derivative Instruments Recognized in Other Comprehensive Income No definition available.
|
|
Goodwill and Intangible Assets (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Oct. 02, 2010
|
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| Schedule of Goodwill | The
change in the carrying value of goodwill for the first quarter of
fiscal 2011 ended October 2, 2010, by operating segment, is as
follows:
|
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| X | ||||||||||
|
- Definition
The carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill during the period in total and for each reportable segment. At least annually, an Entity must evaluate its goodwill for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Segment Information (Tables)
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Oct. 02, 2010
|
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| Schedule of Segment Reporting Information, by Segment |
|
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| Schedule of Unallocated Items and Eliminations | The
following is a summary of the common costs not allocated in the
determination of segment performance:
|
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| X | ||||||||||
|
- Definition
Schedule of Unallocated Items and Eliminations [Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
This element may be used to capture the complete disclosure about the profit or loss and total assets for each reportable segment, as a single block of text. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Change in Accounting Principle (Tables)
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||
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|
Oct. 02, 2010
|
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| Retrospective Adjustments due to Adoption of New Accounting Pronouncement on Income Statement | The
following table details the retrospective application impact on
previously reported amounts:
|
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| Effect of Adoption of New Accounting Pronouncement on Income Statement | The
following table shows the impact of the accounting principle change
on reported balances for the quarter ended October 2,
2010:
|
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| X | ||||||||||
|
- Definition
Effect of Adoption of New Accounting Pronouncement on Income Statement [Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Retrospective Adjustments due to Adoption of New Accounting Pronouncement on Income Statement [Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the amount of recognized share-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tax benefit associated with any share-based compensation plan other than an employee stock ownership plan (ESOP). The tax benefit results from the deduction by the entity on its tax return for an award of stock that exceeds the cumulative compensation cost for common stock or preferred stock recognized for financial reporting. Includes any resulting tax benefit that exceeds the previously recognized deferred tax asset (excess tax benefits). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash dividends declared by an entity during the period for all classes of stock (common, preferred). This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity for the period being reported, net of tax. If an entity's functional currency is a foreign currency, translation adjustments result from the process of translating that entity's financial statements into the reporting currency. Includes gain (loss) on foreign currency forward exchange contracts. Includes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. Includes the gain or loss on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain or loss under FAS 52 and that have been designated and have qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock issued during the period as a result of any share-based compensation plan other than an employee stock ownership plan (ESOP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Components of Accumulated Other Comprehensive Income (Detail) (USD $)
In Thousands, unless otherwise specified |
Oct. 02, 2010
|
Jul. 03, 2010
|
Jun. 27, 2009
|
|---|---|---|---|
| Cumulative translation adjustments | $ 46,317 | $ 35,061 | |
| Cumulative effect of previously adopted accounting pronouncements and minimum pension liability, net of taxes | (3,574) | (3,574) | |
| Unrealized losses on cash flow hedging derivatives, net of taxes of $5,389 and $1,920 | (7,456) | (2,092) | (335) |
| Accumulated other comprehensive income | $ 35,287 | $ 29,395 |
| X | ||||||||||
|
- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total of net (gain) loss, prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains (losses). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Components of Accumulated Other Comprehensive Income (Parenthetical) (Detail) (USD $)
In Thousands, unless otherwise specified |
Oct. 02, 2010
|
Jul. 03, 2010
|
|---|---|---|
| Unrealized losses on cash flow hedging derivatives, taxes | $ 5,389 | $ 1,920 |
| X | ||||||||||
|
- Definition
The tax effect from accumulated change, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. No definition available.
|
|
Reconciliation of Weighted Average Shares Outstanding and Calculation of Basic and Diluted Earnings Per Share (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
|
| Net income | $ 188,876 | $ 140,827 |
| Total weighted-average basic shares | 296,304 | 318,286 |
| Dilutive securities: | ||
| Employee benefit and share award plans | 1,380 | 812 |
| Stock option programs | 3,565 | 2,017 |
| Total weighted-average diluted shares | 301,249 | 321,115 |
| Net income per share: | ||
| Basic | $ 0.64 | $ 0.44 |
| Diluted | $ 0.63 | $ 0.44 |
| X | ||||||||||
|
- Definition
Incremental Common Shares Attributable to share awards not yet vested and other employee benefit plans. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate awards of share options and nonvested shares to be issued to an employee under a share-based compensation arrangement are considered options for purposes of computing diluted earnings per share. Such share-based awards shall be considered to be outstanding as of the grant date for purposes of computing diluted earnings per share even though their exercise may be contingent upon vesting. Those share-based awards are included in the diluted Earnings Per Share (EPS) computation even if the employee may not receive (or be able to sell) the stock until some future date. Accordingly, all shares to be issued shall be included in computing diluted EPS if the effect is dilutive. The dilutive effect of share-based compensation arrangements shall be computed using the treasury stock method. If the equity share options or other equity instruments are outstanding for only part of a period, the shares issuable shall be weighted to reflect the portion of the period during which the equity instruments were outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Earnings Per Share - Additional Information (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
|
| Options to purchase shares of common stock excluded from the computation of diluted earnings per share | 7,235 | 22,157 |
| Options' exercise prices, lower limit | $ 38.41 | $ 28.80 |
| Options' exercise prices, upper limit | $ 51.56 | $ 51.56 |
| X | ||||||||||
|
- Definition
Antidilutive Securities Excluded from Computation of Earnings Per Share, Exercise Price Range, Lower Limit No definition available.
|
| X | ||||||||||
|
- Definition
Antidilutive Securities Excluded from Computation of Earnings Per Share, Exercise Price Range, Upper Limit No definition available.
|
| X | ||||||||||
|
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Total Compensation Cost and Related Tax Benefits (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
|
| Share-based compensation expense | $ 22,342 | $ 18,968 |
| Income tax benefit related to share-based compensation expense | $ 7,828 | $ 6,665 |
| X | ||||||||||
|
- Definition
The total recognized tax benefit related to compensation cost for share-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Summary of Option Activity (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended |
|---|---|
|
Oct. 02, 2010
|
|
| Beginning Balance | 24,905 |
| Granted | 3,330 |
| Exercised | (1,774) |
| Forfeited or expired | (139) |
| Ending Balance | 26,322 |
| Vested and expected to vest at October 2, 2010 | 26,207 |
| Exercisable at October 2, 2010 | 17,581 |
| Beginning Balance | $ 30.87 |
| Granted | $ 38.45 |
| Exercised | $ 28.26 |
| Forfeited or expired | $ 33.57 |
| Ending Balance | $ 31.99 |
| Vested and expected to vest at October 2, 2010 | $ 31.96 |
| Exercisable at October 2, 2010 | $ 31.59 |
| X | ||||||||||
|
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance-sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The decrease in the number of reserved shares that could potentially be issued attributable to the exercise or conversion during the reporting period of previously issued stock options under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average price at which option holders acquired shares when converting their stock options into shares under the plan during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated during the reporting period due to noncompliance with plan terms during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The quantity of shares issuable on stock options awarded under the plan during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on stock options awarded under the plan during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance-sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation - Additional Information (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
|
| Weighted-average grant-date fair value of options granted | $ 11.17 | $ 9.56 |
| Total intrinsic value of options exercised | $ 21,361 | $ 4,183 |
| Total cash received from option exercises | 50,117 | 4,622 |
| Actual tax benefit realized for the tax deductions from these option exercises | 7,892 | 1,639 |
|
Stock Option
|
||
| Total unrecognized compensation cost related to non-vested awards | 70,848 | |
| Total unrecognized compensation cost related to non-vested awards, recognized over a weighted-average period (in years) | 1.2 | |
|
Capital Units
|
||
| Total unrecognized compensation cost related to non-vested awards | 108,554 | |
| Total unrecognized compensation cost related to non-vested awards, recognized over a weighted-average period (in years) | 1.3 | |
| Weighted-average grant-date fair value of options granted | $ 38.45 | $ 29.31 |
| Total fair value of shares vested | $ 34,608 | $ 16,175 |
| X | ||||||||||
|
- Definition
Aggregate proceeds received by the entity during the annual period from exercises of stock options and conversion of similar instruments granted under share-based payment arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of the aggregate tax benefit realized from the exercise of stock options and the conversion of similar instruments during the annual period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the latest balance-sheet date presented, the total compensation cost related to outstanding, nonvested share-based compensation awards not yet recognized (will be charged against earnings as services are performed or other vesting criteria are met). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average period over which unrecognized share-based compensation costs are expected to be reported. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant for nonvested share-based awards issued during the period on other than stock option plans (for example, phantom stock plan, stock appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total fair value of share-based awards for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total accumulated difference between fair values of underlying shares on dates of exercise and exercise price on options which were exercised (or share units converted) into shares during the reporting period under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Summary of Information about Non-Vested Share Units (Detail) (Capital Units, USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
|
|
Capital Units
|
||
| Beginning Balance | 3,780 | |
| Granted | 1,795 | |
| Vested | (893) | |
| Forfeited | (47) | |
| Ending Balance | 4,635 | |
| Beginning Balance | $ 29.40 | |
| Granted | $ 38.45 | $ 29.31 |
| Vested | $ 32.33 | |
| Forfeited | $ 30.35 | |
| Ending Balance | $ 32.31 | |
| X | ||||||||||
|
- Definition
The number of shares under a share-based award plan other than a stock option plan that were settled during the reporting period due to a failure to satisfy vesting conditions pertaining to all option plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of the grant date of share-based award plans other than stock option plans that were not exercised or put into effect during the reporting period as a result of the occurrence of a terminating event specified in the contractual agreement of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares issuable under a share-based award plan pertaining to grants made during the period on other than stock option plans (for example, phantom stock plan, stock appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant for nonvested share-based awards issued during the period on other than stock option plans (for example, phantom stock plan, stock appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of outstanding awards on nonstock option plans (for example, phantom stock plan, stock appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on share-based plans excluding option plans (for example, phantom stock plan, stock appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The decrease in the number of shares potentially issuable under a share-based award plan pertaining to awards for which the grantee has gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of grant dates pertaining to a share-based award plan other than a stock option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value Measurements of Assets and Liabilities (Detail) (USD $)
In Thousands, unless otherwise specified |
Oct. 02, 2010
|
Jul. 03, 2010
|
Sep. 26, 2009
|
Jun. 27, 2009
|
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Auction Rate Securities
|
||||||||||||
| Long-term investment | $ 6,000 | $ 6,000 | ||||||||||
|
Cross Currency Swap
|
||||||||||||
| Derivative liabilities | 9,323 | 2,418 | 51,177 | 36,118 | ||||||||
|
Fair Value, Inputs, Level 2
|
||||||||||||
| Total | 394 | 2,052 | ||||||||||
| Total | 10,065 | 5,120 | ||||||||||
|
Fair Value, Inputs, Level 2 | Foreign Exchange Contract
|
||||||||||||
| Derivative assets | 394 | [1] | 2,052 | [1] | ||||||||
| Derivative liabilities | 10,065 | [1] | 5,120 | [1] | ||||||||
|
Fair Value, Inputs, Level 3
|
||||||||||||
| Total | 6,000 | 6,000 | ||||||||||
| Total | 9,323 | 2,418 | ||||||||||
|
Fair Value, Inputs, Level 3 | Auction Rate Securities
|
||||||||||||
| Long-term investment | 6,000 | [2] | 6,000 | [2] | ||||||||
|
Fair Value, Inputs, Level 3 | Cross Currency Swap
|
||||||||||||
| Derivative liabilities | $ 9,323 | [3] | $ 2,418 | [3] | ||||||||
|
||||||||||||
| X | ||||||||||
|
- Definition
Fair Value, Assets Measured on Recurring Basis No definition available.
|
| X | ||||||||||
|
- Definition
Fair Value, Liabilities Measured on Recurring Basis No definition available.
|
| X | ||||||||||
|
- Definition
This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents a certain statement of financial position liability caption which represents a class of liabilities, or which may include an individual liability, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value Measurements - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
Oct. 02, 2010
|
Jul. 03, 2010
|
|---|---|---|
| Short-term investments | $ 90,592 | $ 99,928 |
|
Auction Rate Securities
|
||
| Fair value of auction rate security classified as a long-term investment | $ 6,000 | $ 6,000 |
| X | ||||||||||
|
- Definition
This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Changes in Fair Value of Cross-Currency Swaps (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
|
| Unrealized loss, recorded in accumulated other comprehensive income | $ (5,364) | $ (89) |
|
Cross Currency Swap
|
||
| Beginning Balance | 2,418 | 36,118 |
| Unrealized loss, recorded in accumulated other comprehensive income | 6,905 | 15,059 |
| Ending Balance | $ 9,323 | $ 51,177 |
| X | ||||||||||
|
- Definition
This element represents a certain statement of financial position liability caption which represents a class of liabilities, or which may include an individual liability, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Commitments and Contingencies - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
Oct. 02, 2010
|
|---|---|
| Letters of credit amount outstanding | $ 147,380 |
| X | ||||||||||
|
- Definition
Amount borrowed under the credit facility as of the balance-sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Instruments and Hedging Activities - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||
|---|---|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
Jul. 03, 2010
|
Jul. 01, 2005
|
|
| Coach Japan's U.S. dollar-denominated fixed rate intercompany loan | $ 139,400 | |||
| Amount of gain or (loss) recognized in OCI on derivatives (effective portion), tax | 3,882 | 985 | ||
| Expected amount of net derivative losses included in accumulated other comprehensive income that will be reclassified into earnings within the next 12 months | 12,072 | |||
| Oustanding foreign currency forward contracts | 185,593 | 248,555 | ||
| Amount of intercompany loan | $ 231,000 | |||
| X | ||||||||||
|
- Definition
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Deferred Taxes No definition available.
|
| X | ||||||||||
|
- Definition
Intercompany Loans Payable, Noncurrent No definition available.
|
| X | ||||||||||
|
- Definition
Amount of the hedged item as of the balance sheet date related to the derivative. For example, the hedged balance on a debt instrument. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of net gains (losses) on foreign currency cash flow hedges reclassified during the period to earnings from accumulated other comprehensive income upon the hedged transaction affecting earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate notional amount of all foreign currency derivatives designated as hedging instruments in cash flow hedges. Notional amount refers to the number of currency units specified in the foreign currency derivative contract. No definition available.
|
|
Fair Value of Derivatives Designated as Hedging Instruments (Detail) (USD $)
In Thousands, unless otherwise specified |
Oct. 02, 2010
|
Jul. 03, 2010
|
|---|---|---|
| Derivative assets designated as hedging instruments | $ 394 | $ 2,052 |
| Derivative liabilities designated as hedging instruments | 19,388 | 7,538 |
|
Foreign Exchange Contract | Other Current Assets
|
||
| Derivative assets designated as hedging instruments | 394 | 2,052 |
|
Foreign Exchange Contract | Accrued Liabilities
|
||
| Derivative liabilities designated as hedging instruments | $ 19,388 | $ 7,538 |
| X | ||||||||||
|
- Definition
Fair value of a derivative asset (or nonderivative instrument) that is designated and qualifies as a hedging instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of a derivative liability (or nonderivative instrument) that is designated and qualifies as a hedging instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion) (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | 3 Months Ended | |||
|---|---|---|---|---|---|---|
|
Oct. 02, 2010
|
Jul. 03, 2010
|
Oct. 02, 2010
Cash Flow Hedging
|
Sep. 26, 2009
Cash Flow Hedging
|
Oct. 02, 2010
Cash Flow Hedging
Foreign Exchange Contract
|
Sep. 26, 2009
Cash Flow Hedging
Foreign Exchange Contract
|
|
| Amount of gain or (loss) recognized in OCI on derivatives (effective portion) | $ (5,816) | $ (3,363) | $ (5,816) | $ (1,359) | $ (5,816) | $ (1,359) |
| X | ||||||||||
|
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Detail) (Cash Flow Hedging, USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
|
| Amount of gain or (loss) reclassified from Accumulated OCI into Income (effective portion) | $ (840) | $ (2,189) |
|
Foreign Exchange Contract | Cost of Sales
|
||
| Amount of gain or (loss) reclassified from Accumulated OCI into Income (effective portion) | $ (840) | $ (2,189) |
| X | ||||||||||
|
- Definition
The income statement location of the effective portion of net gain or loss reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Hedging Activity Affected Accumulated Other Comprehensive (Loss) Income, Net of Tax (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended |
|---|---|---|
|
Oct. 02, 2010
|
Jul. 03, 2010
|
|
| Beginning Balance | $ (2,092) | $ (335) |
| Net losses transferred to earnings | 452 | 1,606 |
| Change in fair value, net of tax | (5,816) | (3,363) |
| Ending Balance | $ (7,456) | $ (2,092) |
| X | ||||||||||
|
- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net gains (losses) on a cash flow hedge reclassified in the period to earnings from accumulated other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Changes in Carrying Amount of Goodwill, by Operating Segment (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||
|---|---|---|---|---|
|
Oct. 02, 2010
|
Oct. 02, 2010
Direct to Consumer
|
Oct. 02, 2010
Indirect
|
Jul. 03, 2010
Indirect
|
|
| Beginning Balance | $ 305,861 | $ 304,345 | $ 1,516 | $ 1,516 |
| Foreign exchange impact | 15,810 | 15,810 | ||
| Ending Balance | $ 321,671 | $ 320,155 | $ 1,516 | $ 1,516 |
| X | ||||||||||
|
- Definition
Goodwill, Foreign Exchange Translation No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid, adjusted for any amortization recognized prior to adoption of FAS 142 and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Goodwill and Intangible Assets - Additional Information (Detail) (Trademarks, USD $)
In Thousands, unless otherwise specified |
Oct. 02, 2010
|
Jul. 03, 2010
|
|---|---|---|
|
Trademarks
|
||
| Intangible assets not subject to amortization | $ 9,788 | $ 9,788 |
| X | ||||||||||
|
- Definition
Carrying amount of intangible assets, excluding goodwill, which have a projected indefinite period of benefit (hence are not amortized), allocated to the reportable segment. These assets, acquired either individually or as part of a group of assets, in either an asset acquisition or business combination, are assessed at least annually for impairment. Examples may include trade secrets, contractual rights, trade names, and licensing agreements. No definition available.
|
|
Segment Information (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
|
| Net sales | $ 911,669 | $ 761,437 |
| Operating income | 285,660 | 223,247 |
| Income before provision for income taxes | 285,098 | 225,082 |
| Depreciation and amortization expense | 32,251 | 33,380 |
| Additions to long-lived assets | 26,790 | 19,172 |
|
Direct to Consumer
|
||
| Net sales | 775,469 | 653,892 |
| Operating income | 300,333 | 246,821 |
| Income before provision for income taxes | 300,333 | 246,821 |
| Depreciation and amortization expense | 21,220 | 20,636 |
| Additions to long-lived assets | 20,026 | 14,636 |
|
Indirect
|
||
| Net sales | 136,200 | 107,545 |
| Operating income | 76,064 | 62,267 |
| Income before provision for income taxes | 76,064 | 62,267 |
| Depreciation and amortization expense | 3,036 | 2,800 |
| Additions to long-lived assets | 2,171 | 754 |
|
Corporate Unallocated
|
||
| Operating income | (90,737) | (85,841) |
| Income before provision for income taxes | (91,299) | (84,006) |
| Depreciation and amortization expense | 7,995 | 9,944 |
| Additions to long-lived assets | $ 4,593 | $ 3,782 |
| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. No definition available.
|
| X | ||||||||||
|
- Definition
Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total expenditures for additions to long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets of the reportable segment. Must be disclosed if the amount (a) is included in the determination of segment assets reviewed by the chief operating decision maker or (b) is otherwise regularly provided to the chief operating decision maker, even if not included in the determination of segment assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Common Costs Not Allocated (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Oct. 02, 2010
|
Sep. 26, 2009
|
|
| Production variances | $ 16,367 | $ 5,353 |
| Advertising, marketing and design | (37,406) | (32,366) |
| Administration and information systems | (57,496) | (48,141) |
| Distribution and customer service | (12,202) | (10,687) |
| Total corporate unallocated | $ (90,737) | $ (85,841) |
| X | ||||||||||
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- Definition
The total expense recognized in the period for administrative and information systems. No definition available.
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| X | ||||||||||
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- Definition
The total expense recognized in the period for distribution and customer service. No definition available.
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| X | ||||||||||
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- Definition
Production variances No definition available.
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| X | ||||||||||
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- Definition
The total expense recognized in the period for promotion, public relations, and brand or product advertising. No definition available.
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| X | ||||||||||
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- Definition
Total, for reportable segments, of a significant segment item of information disclosed (for example, liabilities) other than profit/loss, revenues, or assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock Repurchase Program - Additional Information (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended |
|---|---|
|
Oct. 02, 2010
|
|
| Common stock repurchased and retired | 3,585 |
| Common stock repurchased and retired, average cost per share | $ 38.35 |
| Amount remaining in the stock repurchase program | $ 422,128 |
| X | ||||||||||
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- Definition
Stock Repurchased and Retired During Period Average Price No definition available.
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| X | ||||||||||
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- Definition
Stock repurchase program, remaining authorized repurchase amount No definition available.
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| X | ||||||||||
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- Definition
Number of shares that have been repurchased and retired during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Retrospective Application Impact on Previously Reported Amounts (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended |
|---|---|
|
Sep. 26, 2009
|
|
|
Interest (Expense) Income, Net
|
|
| As Previously Reported | $ (596) |
| Effect of Accounting Principle Change | 2,431 |
| Adjusted | 1,835 |
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Provision for Income Taxes
|
|
| As Previously Reported | 81,824 |
| Effect of Accounting Principle Change | 2,431 |
| Adjusted | $ 84,255 |
| X | ||||||||||
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- Definition
Prior period financial statement line item amount or statement of financial position line item amount at the beginning of the current period, after adjusting for the direct effect of a change in accounting principle. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Financial statement line item amount as previously reported, or for a statement of financial position line item amount at the beginning of the current period, before the direct effect of a change in accounting principle. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Direct effect of a change in accounting principle on a previously issued financial statement line item and any per share amounts affected for the prior period presented, and on a statement of financial position line item at the beginning of the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Impact of the Accounting Principle Change on Reported Balances (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended |
|---|---|
|
Oct. 02, 2010
|
|
| Interest income, net | $ 248 |
| Provision for income taxes | 96,222 |
|
As Computed Under Prior Method
|
|
| Interest income, net | (1,842) |
| Provision for income taxes | 94,132 |
|
Effect of Accounting Principle Change
|
|
| Interest income, net | 2,090 |
| Provision for income taxes | $ 2,090 |
| X | ||||||||||
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- Definition
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Income Tax Expense (Benefit) No definition available.
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| X | ||||||||||
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- Definition
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Interest Income (Expense), Net No definition available.
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