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Document and Entity Information
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9 Months Ended | |
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Mar. 29, 2014
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Apr. 25, 2014
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| Document Documentand Entity Information [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Mar. 29, 2014 | |
| Document Fiscal Year Focus | 2014 | |
| Document Fiscal Period Focus | Q3 | |
| Trading Symbol | COH | |
| Entity Registrant Name | COACH INC | |
| Entity Central Index Key | 0001116132 | |
| Current Fiscal Year End Date | --06-28 | |
| Entity Filer Category | Large Accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 274,172,356 |
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- Definition
If the value is true, then the document is 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 containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use 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, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "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 or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [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, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. 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 period 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, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, 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 additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital 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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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable 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
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. 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 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. 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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- Definition
Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. 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 disclosed 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. 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. 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
Other long-term investments not otherwise specified in the taxonomy, not including investments in marketable securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). 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
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. 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 |
Mar. 29, 2014
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Jun. 29, 2013
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| Statement Of Financial Position [Abstract] | ||
| Trade accounts receivable, allowances | $ 1,344 | $ 1,138 |
| 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 | 274,152,000 | 281,902,000 |
| Common stock, outstanding | 274,152,000 | 281,902,000 |
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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 per share of common stock. 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
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. 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 | 9 Months Ended | ||
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Mar. 29, 2014
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Mar. 30, 2013
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Mar. 29, 2014
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Mar. 30, 2013
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| Income Statement [Abstract] | ||||
| Net sales | $ 1,099,626 | $ 1,187,578 | $ 3,670,010 | $ 3,852,702 |
| Cost of sales | 318,287 | 307,390 | 1,079,419 | 1,041,964 |
| Gross profit | 781,339 | 880,188 | 2,590,591 | 2,810,738 |
| Selling, general and administrative expenses | 518,630 | 531,695 | 1,570,305 | 1,603,951 |
| Operating income | 262,709 | 348,493 | 1,020,286 | 1,206,787 |
| Interest (expense) income, net | (1,929) | 1,021 | 1,652 | 1,323 |
| Other expense | 1,764 | 5,341 | ||
| Income before provision for income taxes | 260,780 | 347,750 | 1,021,938 | 1,202,769 |
| Provision for income taxes | 70,040 | 108,818 | 315,877 | 389,692 |
| Net income | $ 190,740 | $ 238,932 | $ 706,061 | $ 813,077 |
| Net income per share | ||||
| Basic | $ 0.69 | $ 0.85 | $ 2.53 | $ 2.88 |
| Diluted | $ 0.68 | $ 0.84 | $ 2.51 | $ 2.84 |
| Shares used in computing net income per share | ||||
| Basic | 276,107 | 280,818 | 278,853 | 282,805 |
| Diluted | 278,750 | 284,624 | 281,576 | 286,559 |
| Cash dividends declared per common share | $ 0.3375 | $ 0.3000 | $ 1.0125 | $ 0.9000 |
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. 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
The aggregate amount of other expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating expense recognized during the period. Such amounts may include: (a) unusual costs, (b) loss on foreign exchange transactions, (c) losses on securities (net of profits), and (d) miscellaneous other expense items. 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 or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Mar. 29, 2014
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Mar. 30, 2013
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Mar. 29, 2014
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Mar. 30, 2013
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| Statement Of Income And Comprehensive Income [Abstract] | ||||
| Net income | $ 190,740 | $ 238,932 | $ 706,061 | $ 813,077 |
| Other comprehensive (loss) income, net of tax: | ||||
| Unrealized (losses) gains on cash flow hedging derivatives, net of tax of $1,349 and $(469) for quarter ended and $578 and $(5,439) for nine months ended March 29, 2014 and March 30, 2013, respectively | (108) | 1,005 | (752) | 8,861 |
| Unrealized and realized gains (losses) on available-for-sale investments | 4,464 | (149) | 3,755 | (406) |
| Foreign currency translation adjustments | 3,568 | (27,964) | (7,060) | (48,804) |
| Other comprehensive income (loss), net of tax | 7,924 | (27,108) | (4,057) | (40,349) |
| Comprehensive income | $ 198,664 | $ 211,824 | $ 702,004 | $ 772,728 |
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Mar. 29, 2014
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Mar. 30, 2013
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Mar. 29, 2014
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Mar. 30, 2013
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| Statement Of Income And Comprehensive Income [Abstract] | ||||
| Unrealized (losses) gains on cash flow hedging derivatives, tax | $ 1,349 | $ (469) | $ 578 | $ (5,439) |
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- Definition
Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Non-cash sale of business, restructuring, and transformation No definition available.
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- Definition
Provision and Recovery For Doubtful Accounts No definition available.
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- Definition
Repayments from (loans to) suppliers and related parties No definition available.
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) 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 increase (decrease) 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 | ||||||||||
|
- Definition
The increase (decrease) 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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| X | ||||||||||
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- Details
|
| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- 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
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| 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 or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| 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
|
| 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. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. 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
|
| X | ||||||||||
|
- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. 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 or unit options, amortization of restricted stock or units, 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
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9 Months Ended |
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Mar. 29, 2014
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| Basis of Presentation and Organization [Abstract] | |
| Basis of Presentation and Organization |
1. 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 June 29, 2013 (“fiscal 2013”).
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 position, results of operations, comprehensive income and cash flows of the Company for the interim periods presented. The results of operations, cash flows and comprehensive income for the quarter and nine months (which represents 13 and 39 week periods, respectively) ended March 29, 2014 are not necessarily indicative of results to be expected for the entire fiscal year, which will end on June 28, 2014 (“fiscal 2014”).
In connection with the acquisition of the retail business in Europe, the Company evaluated the composition of its reportable segments and concluded that sales in this region should be included in the International segment. Accordingly, prior year sales related to Europe have been reclassified to the International segment to conform to the current year presentation.
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Sale of Reed Krakoff Business; Restructuring and Transformational Related Charges
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 29, 2014
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| Sale of Reed Krakoff Business; Restructuring and Transformational Related Charges [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sale of Reed Krakoff Business; Restructuring and Transformational Related Charges | 2. Sale of Reed Krakoff Business; Restructuring and Transformational Related Charges
On August 30, 2013, the Company sold the Reed Krakoff business, involving the sale of the equity interests of Reed Krakoff LLC and certain assets, including the Reed Krakoff brand name and related intellectual property rights, to Reed Krakoff International LLC (“Buyer”). The sale was pursuant to the Asset Purchase and Sale Agreement dated July 29, 2013 (the “Purchase Agreement”) with Buyer and Reed Krakoff, the Company’s former President and Executive Creative Director. Coach received a de minimus amount of cash and convertible preferred membership interests representing 8.0% of Buyer’s issued and outstanding convertible preferred units and initial equity value immediately following such issuance. Coach recorded a cost method investment of $3,261, included in Long-term investments in the condensed consolidated balance sheet at March 29, 2014.
Concurrent with the Closing under the Purchase Agreement, the parties executed certain ancillary agreements including a transition services agreement between Coach and Buyer for up to nine months.
In connection with the Purchase Agreement, Mr. Krakoff’s resignation from Coach and the closing of the sale, Mr. Krakoff waived his right to receive compensation, salary, bonuses, equity vesting and certain other benefits. The Company recorded a loss of $2,683 during the first quarter of fiscal 2014 related to the sale, which is recorded in Selling, general and administrative expenses on the condensed consolidated statement of income.
In the fourth quarter of fiscal 2013, the Company recorded restructuring and transformation related charges of $53,202, primarily related to our North America segment. Coach substantially completed its reduction in workforce related to this restructuring during the first quarter of fiscal 2014.
A summary of charges and status of related liabilities are as follows:
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- Definition
Sale of Business, Restructuring, and Transformational Related Charges [Text Block] No definition available.
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- Details
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Acquisitions
|
9 Months Ended |
|---|---|
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Mar. 29, 2014
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| Acquisitions [Abstract] | |
| Acquisitions | 3. Acquisition
Coach became the 100% owner of its European joint venture by purchasing Hackett Limited’s 50% interest in the joint venture on July 1, 2013, enabling Coach to assume direct control and consolidate its European retail business. The joint venture included 18 retail locations in Spain, Portugal, Great Britain, France, Ireland and Germany. The purchase price consisted of cash payments of approximately $15,105 and the forgiveness of a loan from Coach to Hackett Limited of approximately $18,019. The cash payments were made in installments with $7,893 paid in fiscal 2013, $5,437 paid in the first quarter of fiscal 2014 offset by cash acquired as part of the acquisition of $3,453. The remaining $1,775 was paid at the beginning of the third quarter of fiscal 2014. Unaudited pro forma information related to this acquisition is not included, as the impact of this transaction is not material to the consolidated results of the Company. The allocation of the purchase price acquisition has been substantially completed resulting in goodwill of $22,534.
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| X | ||||||||||
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- Definition
Schedule of a material business combination during the period. No definition available.
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| X | ||||||||||
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- Details
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Goodwill and Intangible Assets
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9 Months Ended | ||||||||||||||||||||||||
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Mar. 29, 2014
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| Goodwill and Intangible Assets [Abstract] | |||||||||||||||||||||||||
| Goodwill and Intangible Assets | 4. Goodwill and Intangible Assets
The change in the carrying amount of the Company’s goodwill, all of which is included within the International reportable segment, for the nine months ended March 29, 2014 is as follows:
At March 29, 2014 and June 29, 2013, the Company’s intangible assets, which are not subject to amortization, consisted of $9,788 of trademarks and are included in Other assets.
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for 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 (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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stockholders' Equity
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Mar. 29, 2014
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| Stockholders' Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders' Equity | 5. Stockholders’ Equity
Activity for the nine months ended March 29, 2014 and March 30, 2013 in the accounts of Stockholders’ Equity is summarized below:
The components of accumulated other comprehensive income (loss), as of the dates indicated, are as follows:
(a) The ending balances of accumulated other comprehensive loss related to cash flow hedges are net of tax of $(1,759) and $(4,863) as of March 29, 2014 and March 30, 2013, respectively. The amounts reclassified from accumulated other comprehensive loss are net of tax of $(2,817) and $(84) as of March 29, 2014 and March 30, 2013, respectively.
(b) The components of Other includes the cumulative effect of the adoption of Accounting Standards Codification (“ASC”) 320-10-35-17 and the ASC 715 adjustment and minimum pension liability of $0 and $(2,009) as of March 29, 2014 and $(1,072) and $(3,352) as of March 30, 2013, respectively. As of March 29, 2014 and March 30, 2013 the balances of accumulated other comprehensive loss are net of tax of $1,490 and $2,656, respectively.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 29, 2014
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| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share | 6. 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:
Outstanding options to purchase shares of common stock not included in the computation of diluted earnings per share, as these options’ exercise prices were greater than the average market price of the common shares and therefore would have had an anti-dilutive impact on diluted earnings per share, were as follows:
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- Definition
The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share-Based Compensation
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Mar. 29, 2014
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| Share-Based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Compensation | 7. Share-Based Compensation
The following table shows the total compensation cost and the related tax benefits recognized for share-based compensation plans in the income statement for the periods indicated:
(a) Approximately $9,834 of share based compensation expense and $3,793 of related income tax benefit are related to the sale of the Reed Krakoff business and restructuring and transformation recognized by the Company in the first quarter of fiscal 2014. See Footnote 2 for information as it relates to the sale of the Reed Krakoff business.
Stock Options
A summary of stock option activity under the Coach stock option plans during the nine months ended March 29, 2014 is as follows:
At March 29, 2014, $30,623 of total unrecognized compensation cost related to non-vested stock option awards is expected to be recognized over a weighted-average period of 1.0 years.
The weighted-average grant-date fair value of individual options granted during the first nine months of fiscal 2014 and fiscal 2013 was $9.94 and $13.07, respectively. The total intrinsic value of options exercised during the first nine months of fiscal 2014 and fiscal 2013 was $26,138 and $50,502, respectively.
The total cash received from these option exercises was $42,479 and $56,586, respectively, and the actual tax benefit realized from these option exercises was $9,665 and $19,377, respectively.
Service-based Restricted Stock Unit Awards (“RSUs”)
A summary of service-based RSU activity during the nine months ended March 29, 2014 is as follows:
At March 29, 2014, $109,669 of total unrecognized compensation cost related to non-vested RSU awards is expected to be recognized over a weighted-average period of 1.1 years.
The weighted-average grant-date fair value per share of RSU awards granted during the first nine months of fiscal 2014 and fiscal 2013 was $53.09 and $54.94, respectively. The total fair value of RSUs vested during the first nine months of fiscal 2014 and fiscal 2013 was $76,895 and $79,641, respectively.
Performance-based Restricted Stock Unit Awards (“PRSU”)
The Company grants performance-based share awards to key executives, the vesting of which is subject to the executive’s continuing employment and the Company's achievement of certain performance goals. A summary of performance-based share award activity, during the nine months ended March 29, 2014 is as follows:
At March 29, 2014, $16,546 of total unrecognized compensation cost related to non-vested PRSU awards is expected to be recognized over a weighted-average period of 1.5 years.
The weighted-average grant-date fair value per share of PRSU awards granted during the first nine months of fiscal 2014 and fiscal 2013 was $32.29 and $50.55, respectively. The total fair value of shares vested during the first nine months of fiscal 2014 and fiscal 2013 was $23,149 and $0, respectively.
During the first nine months of fiscal 2014, the Company granted 241 shares of common stock with a fair value of $6,814 to selected executives as retention PRSU awards with a maximum potential number of shares issued and fair value (excluding dividends) of 321 shares and $9,085, respectively. These shares are included within the PRSU tables above. The shares of common stock under these PRSU awards will be earned and distributed based on performance criteria which compares the Company’s total stockholder return over the performance period to the total stockholder return of the companies included in the Standard & Poor’s 500 Index on the date of grant (excluding the Company). The grant date fair value of the PRSU awards was determined utilizing a Monte Carlo simulation and the following assumptions: expected volatility of 32.61%, risk-free interest rate of 0.63%, and dividend yield of 0.00%.
In the first nine months of fiscal 2014 and 2013, the cash tax benefit realized for the tax deductions from all service and performance-based RSUs were $33,091 and $23,247, respectively.
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The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-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
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Fair Value Measurements
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Mar. 29, 2014
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| Fair Value Measurements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements | 8. 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.
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 March 29, 2014 and June 29, 2013:
(a) Cash equivalents consist of money market funds, time deposits, and commercial paper with maturities of three months or less at the date of purchase. Due to their short term maturity, management believes that their carrying value approximates fair value.
(b) Short-term investments consist of time deposits, U.S. Treasuries and government agency securities, and high-credit quality U.S. and non U.S. issued corporate debt securities, with maturities of less than one year in which management believes their carrying value approximates fair value based on their short maturity.
(c) Fair value is determined using vendor or broker priced securities. These securities have maturity dates between calendar years 2014 and 2017.
(d) Fair value is determined using a valuation 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. The Company has 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.
(e) 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.
The following table present a reconciliation of the assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended March 29, 2014 and March 30, 2013. Level 3 available-for-sale securities consist of an auction rate security.
Non-Financial Assets and Liabilities
The Company’s non-financial instruments, which primarily consist of goodwill and property and equipment, are not required to be measured at fair value on a recurring basis and are reported at carrying value. However, on a periodic basis whenever events or changes in circumstances indicate that their carrying value may not be fully recoverable (and at least annually for goodwill), non-financial instruments are assessed for impairment and, if applicable, written-down to and recorded at fair value, considering market participant assumptions.
Adverse changes in future market conditions or weaker operating results compared to our expectations could result in losses or a potential impairment charge if the Company is unable to recover the carrying value of certain assets.
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial 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 entity 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 risks 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
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Debt
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Mar. 29, 2014
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| Debt [Abstract] | |
| Debt | 9. Debt The Company has a $700 million credit facility with certain lenders and JP Morgan Chase Bank, N.A. as the primary lender and administrative agent (the “JP Morgan facility”) with a maturity date of March 26, 2018. The JP Morgan facility is available to finance the seasonal working capital requirements and general corporate purposes of the Company and its subsidiaries. At Coach’s request and lenders’ consent, revolving commitments of the JP Morgan facility may be increased to $1 billion. As of March 29, 2014 and June 29, 2013, there was $210,000 and $0 outstanding on the JP Morgan facility. Due to the short-term nature of this borrowing, the fair value approximates carrying value. Borrowings under the JP Morgan Facility bear interest at a rate per annum equal to, at Coach’s option, either (a) a rate based on the rates applicable for deposits in the interbank market for U.S. dollars or the applicable currency in which the loans are made plus an applicable margin or (b) an alternate base rate (which is a rate equal to the greatest of (1) the Prime Rate in effect on such day, (2) the Federal Funds Effective Rate in effect on such day plus ½ of 1% or (3) the Adjusted LIBO Rate for a one month Interest Period on such day plus 1%). Additionally, Coach pays a commitment fee on the average daily unused amount of the JP Morgan Facility. At March 29, 2014, the commitment fee was 7.5 basis points.
As of March 29, 2014, Coach Japan, a wholly owned subsidiary of the Company, had credit facilities with several Japanese financial institutions to provide funding for working capital and general corporate purposes, allowing a maximum borrowing of 5.3 billion yen, or approximately $51 million, as of March 29, 2014. Interest is based on the Tokyo Interbank rate plus a margin of 25 to 30 basis points. During fiscal 2013 and through the third quarter of fiscal 2014, there were no borrowings under these facilities.
As of March 29, 2014, Coach Shanghai Limited, a wholly owned subsidiary of the Company, had a credit facility to provide funding for working capital and general corporate purposes, allowing a maximum borrowing of 63 million Chinese renminbi, or approximately $10 million, as of March 29, 2014. Interest is based on the People's Bank of China rate. During fiscal 2013 and through the third quarter of fiscal 2014, there were no borrowings under this facility.
Both the Coach Japan and Coach Shanghai Limited credit facilities can be terminated at any time by the respective financial institutions, and there is no guarantee that they will be available to the Company in future periods.
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The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies
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Mar. 29, 2014
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| Commitments and Contingencies [Abstract] | |
| Commitments and Contingencies | 10. Commitments and Contingencies
In April 2013, the Company entered into a joint venture agreement with Related Companies, L.P. to develop a new office tower in Manhattan in the Hudson Yards district (“Hudson Yards joint venture”). The formation of the Hudson Yards joint venture serves as a financing vehicle for the construction project. Upon expected completion of the office tower in calendar 2015, the Company will retain a condominium interest in the office tower, which will serve as its new corporate headquarters.
The Company expects to invest approximately $370,000 in the Hudson Yards joint venture between the beginning of the fourth quarter of fiscal 2014 through fiscal 2016, with approximately $30,000 estimated for the remainder of fiscal 2014, depending on construction progress. During the quarter and nine months ended March 29, 2014, the Company invested $21,518 and $62,856, respectively, in the joint venture. Outside of investments in the joint venture, the Company expects to incur approximately $190,000 of capital expenditures over the remaining period of construction.
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.
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments
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Mar. 29, 2014
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| Investments | 11. Investments
The following table summarizes the Company’s investments recorded within the consolidated balance sheet as of March 29, 2014 and June 29, 2013:
(a) Portfolio of high-credit quality U.S. Treasuries and government agency debt securities and U.S. and non-U.S. issued corporate debt securities classified as available-for-sale and recorded at fair value which approximates amortized cost. These securities have maturity dates between calendar years 2014 and 2017.
(b) The investment was sold in the third quarter of fiscal 2014. Refer to Footnote 8 for further information.
(c) Portfolio of high-credit quality U.S. government agency debt securities, U.S. and non-U.S. issued corporate debt securities, and commercial paper classified as held to maturity and recorded at amortized cost which approximates fair value. These securities have maturity dates in the calendar year 2014 and 2015.
(d) Portfolio of time deposits with original maturities greater than 3 months.
(e) Equity method investment related to Hudson Yards joint venture and Reed Krakoff cost method investment. The Hudson Yards joint venture is determined to be a variable interest entity primarily due to the fact that it has insufficient equity to finance its activities without additional subordinated financial support from its two joint venture partners. Coach is not considered the primary beneficiary of the entity primarily because the Company does not have the power to direct the activities that most significantly impact the entity’s economic performance. The Company’s maximum loss exposure is limited to the committed capital.
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The entire disclosure for investments, including all tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments and Hedging Activities
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Mar. 29, 2014
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| Derivative Instruments and Hedging Activities | 12. Derivative Instruments and Hedging Activities
Substantially all of the Company’s transactions involving international parties, excluding international customer sales, are denominated in U.S. dollars, which limits the Company’s exposure to the effects of foreign currency exchange rate fluctuations. However, the Company is exposed to foreign currency exchange risk related to its foreign operating subsidiaries’ U.S. dollar-denominated inventory purchases and various cross-currency intercompany and related party loans. 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.
Two of the Company’s businesses outside of the United States, Coach Japan and Coach Canada, enter into zero-cost collar options, to manage the exchange rate risk related to their inventory purchases. As of March 29, 2014 and June 29, 2013, zero-cost collar options with aggregate notional amounts of $93,997 and $193,352 were outstanding, respectively. Current maturity dates range from April 2014 to June 2015.
As of March 29, 2014, and June 29, 2013, the Company had entered into various short-term intercompany and related party loans denominated in various foreign currencies. Current maturity dates range from May 2014 to March 2018. To manage the exchange rate risk related to these loans, the Company entered into forward exchange and cross-currency swap contracts with notional amounts of $15,687 and $147,591, respectively as of March 29, 2014, and June 29, 2013 to hedge the total principal amount of the short-term intercompany and related party loans. The terms of these contracts include the exchange of foreign currency fixed interest for U.S. dollar fixed interest and an exchange of the foreign currency and U.S. dollar based notional values at the maturity dates.
As of March 29, 2014 and June 29, 2013, the Company had entered into forward contracts to manage the exchange rate risk of contractual obligations with notional values of $4,000 and $16,944, respectively. Contractual obligations as of March 29, 2014 and June 29, 2013 consist of $4,000 and $10,000, respectively, due to Shinsegae International related to the acquisition of the domestic retail business in Korea. The Company also had contractual obligations at June 29, 2013 of $6,944 due to Hackett Limited related to the acquired European joint venture.
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 third quarter of fiscal 2014 and fiscal 2013, the amounts above are net of tax of $994 and $(1,029), respectively. For the first nine months of fiscal 2014 and fiscal 2013, the amounts above are net of tax of $(2,239) and $(5,523), respectively.
For the third quarter of fiscal 2014 and fiscal 2013, the amounts above are net of tax of $(355) and $(560), respectively. For the first nine months of fiscal 2014 and fiscal 2013, the amounts above are net of tax of $(2,817) and $(84), respectively.
During the nine months ended March 29, 2014 and March 30, 2013, there were no material gains or losses recognized in income due to hedge ineffectiveness.
The Company expects $4,736 of net derivative gains included in accumulated other comprehensive income at March 29, 2014 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.
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- Definition
The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Information
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Mar. 29, 2014
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| Segment Information [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Information | 13. Segment Information
The Company operates its business in five operating segments aggregated into two reportable segments, North America and International.
The following is a summary of the common costs not allocated in the determination of segment performance:
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- Definition
The entire disclosure for 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 percent 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
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9 Months Ended |
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Mar. 29, 2014
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| Shock Repurchase Program [Abstract] | |
| Stock Repurchase Program | 14. Stock Repurchase Program
Purchases of Coach’s common stock are made 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 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 and dividends declared.
For the third quarter of fiscal 2014, the Company repurchased and retired 3,646 shares, or $174,989 at an average cost of $47.99. The Company did not repurchase any shares during the third quarter of fiscal 2013.
For the first nine months of fiscal 2014, the Company repurchased and retired 10,239 shares, or $524,926 of common stock, at an average cost of $51.27 per share. For the first nine months of fiscal 2013, the Company repurchased and retired 7,066 shares, or $400,000 of common stock, at an average cost of $56.61 per share.
As of March 29, 2014, Coach had $836,701 remaining in the stock repurchase program.
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- Definition
The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. No definition available.
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Sale of Reed Krakoff Business; Restructuring and Transformational Related Charges (Tables)
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Mar. 29, 2014
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| Sale of Reed Krakoff Business; Restructuring and Transformational Related Charges [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of our Restructuring and Transformation Related Plan | A summary of charges and status of related liabilities are as follows:
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- Definition
Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Intangible Assets (Tables)
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Mar. 29, 2014
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| Change in Carrying Value of Goodwill | The change in the carrying amount of the Company’s goodwill, all of which is included within the International reportable segment, for the nine months ended March 29, 2014 is as follows:
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- Definition
Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stockholders' Equity (Tables)
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Mar. 29, 2014
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| Stockholders' Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Stockholders Equity | Activity for the nine months ended March 29, 2014 and March 30, 2013 in the accounts of Stockholders’ Equity is summarized below:
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| Schedule of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income (loss), as of the dates indicated, are as follows:
(a) The ending balances of accumulated other comprehensive loss related to cash flow hedges are net of tax of $(1,759) and $(4,863) as of March 29, 2014 and March 30, 2013, respectively. The amounts reclassified from accumulated other comprehensive loss are net of tax of $(2,817) and $(84) as of March 29, 2014 and March 30, 2013, respectively.
(b) The components of Other includes the cumulative effect of the adoption of Accounting Standards Codification (“ASC”) 320-10-35-17 and the ASC 715 adjustment and minimum pension liability of $0 and $(2,009) as of March 29, 2014 and $(1,072) and $(3,352) as of March 30, 2013, respectively. As of March 29, 2014 and March 30, 2013 the balances of accumulated other comprehensive loss are net of tax of $1,490 and $2,656, respectively.
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Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share (Tables)
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Mar. 29, 2014
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Calculation of Numerator and Denominator in Earnings Per Share | 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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| Schedule of the Anti-Dilutive Impact on Diluted Earnings per Share | Outstanding options to purchase shares of common stock not included in the computation of diluted earnings per share, as these options’ exercise prices were greater than the average market price of the common shares and therefore would have had an anti-dilutive impact on diluted earnings per share, were as follows:
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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share-Based Compensation (Tables)
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Mar. 29, 2014
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| Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | The following table shows the total compensation cost and the related tax benefits recognized for share-based compensation plans in the income statement for the periods indicated:
(a) Approximately $9,834 of share based compensation expense and $3,793 of related income tax benefit are related to the sale of the Reed Krakoff business and restructuring and transformation recognized by the Company in the first quarter of fiscal 2014. See Footnote 2 for information as it relates to the sale of the Reed Krakoff business.
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| Schedule of Share-based Compensation, Stock Options, Activity | A summary of stock option activity under the Coach stock option plans during the nine months ended March 29, 2014 is as follows:
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Service-based Restricted Stock Units [Member]
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| Schedule of Nonvested Share Activity | A summary of service-based RSU activity during the nine months ended March 29, 2014 is as follows:
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Performance-based Restricted Stock Unit Awards ("PRSU") [Member]
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| Schedule of Nonvested Share Activity | A summary of performance-based share award activity, during the nine months ended March 29, 2014 is as follows:
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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the changes in outstanding nonvested shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements (Tables)
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Mar. 29, 2014
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| Fair Value Measurements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements of Assets and Liabilities | The following table shows the fair value measurements of the Company’s assets and liabilities at March 29, 2014 and June 29, 2013:
(a) Cash equivalents consist of money market funds, time deposits, and commercial paper with maturities of three months or less at the date of purchase. Due to their short term maturity, management believes that their carrying value approximates fair value.
(b) Short-term investments consist of time deposits, U.S. Treasuries and government agency securities, and high-credit quality U.S. and non U.S. issued corporate debt securities, with maturities of less than one year in which management believes their carrying value approximates fair value based on their short maturity.
(c) Fair value is determined using vendor or broker priced securities. These securities have maturity dates between calendar years 2014 and 2017.
(d) Fair value is determined using a valuation 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. The Company has 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.
(e) 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.
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| Fair Value Measured on a Recurring Basis Using Significant Unobservable Inputs | The following table present a reconciliation of the assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended March 29, 2014 and March 30, 2013. Level 3 available-for-sale securities consist of an auction rate security.
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| X | ||||||||||
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- Definition
Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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Investments (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 29, 2014
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| Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Investments | The following table summarizes the Company’s investments recorded within the consolidated balance sheet as of March 29, 2014 and June 29, 2013:
(a) Portfolio of high-credit quality U.S. Treasuries and government agency debt securities and U.S. and non-U.S. issued corporate debt securities classified as available-for-sale and recorded at fair value which approximates amortized cost. These securities have maturity dates between calendar years 2014 and 2017.
(b) The investment was sold in the third quarter of fiscal 2014. Refer to Footnote 8 for further information.
(c) Portfolio of high-credit quality U.S. government agency debt securities, U.S. and non-U.S. issued corporate debt securities, and commercial paper classified as held to maturity and recorded at amortized cost which approximates fair value. These securities have maturity dates in the calendar year 2014 and 2015.
(d) Portfolio of time deposits with original maturities greater than 3 months.
(e) Equity method investment related to Hudson Yards joint venture and Reed Krakoff cost method investment. The Hudson Yards joint venture is determined to be a variable interest entity primarily due to the fact that it has insufficient equity to finance its activities without additional subordinated financial support from its two joint venture partners. Coach is not considered the primary beneficiary of the entity primarily because the Company does not have the power to direct the activities that most significantly impact the entity’s economic performance. The Company’s maximum loss exposure is limited to the committed capital.
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- Definition
A table of investments, shown as a text block. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Derivative Instruments and Hedging Activities (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 29, 2014
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| Derivative Instruments And Hedging Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Derivative Instruments | The following tables provide information related to the Company’s derivatives:
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| Hedging Activity Affected Accumulated Other Comprehensive Loss or Income Net of Tax |
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Segment Information (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Mar. 29, 2014
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| Segment Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Segment Information |
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| Summary of Common Costs Not Allocated |
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 No definition available.
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| X | ||||||||||
|
- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. 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
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| X | ||||||||||
|
- Details
|
|
Basis of Presentation and Organization (Details)
|
9 Months Ended |
|---|---|
|
Mar. 29, 2014
|
|
| Basis of Presentation and Organization [Abstract] | |
| Operating cycle | The results of operations, cash flows and comprehensive income for the quarter and nine months (which represents 13 and 39 week periods, respectively) ended March 29, 2014 are not necessarily indicative of results to be expected for the entire fiscal year, which will end on June 28, 2014 ("fiscal 2014"). |
| X | ||||||||||
|
- Definition
Entity's operating cycle if it is other than 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
|
Sale of Reed Krakoff Business; Restructuring and Transformational Related Charges (Narrative) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | |
|---|---|---|---|---|
|
Jun. 29, 2013
|
Mar. 29, 2014
|
Mar. 29, 2014
Reed Krakoff [Member]
|
Sep. 28, 2013
Reed Krakoff [Member]
Selling, General and Administrative Expenses [Member]
|
|
| Restructuring Cost and Reserve [Line Items] | ||||
| Restructuring charges | $ 53,202 | $ 171 | ||
| Joint venture agreement, ownership percentage | 8.00% | |||
| Cost method investment | 3,261 | |||
| Gain (loss) on sale of business | $ (2,683) |
| X | ||||||||||
|
- Definition
Ownership Interest In Joint Ventures No definition available.
|
| X | ||||||||||
|
- Definition
Amount, after adjustment, of cost-method investment. Adjustments include, but are not limited to, dividends received in excess of earnings after date of investment that are considered a return of investment and other than temporary impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Sale of Reed Krakoff Business; Restructuring and Transformational Related Charges (Restructuring and Transformation Related Plans) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended |
|---|---|---|
|
Jun. 29, 2013
|
Mar. 29, 2014
|
|
| Restructuring Cost and Reserve [Line Items] | ||
| Liability as of June 29, 2013 | $ 27,962 | |
| (Income) expense | 53,202 | 171 |
| Non-cash charges | (2,167) | |
| Cash payments and settlements | (24,632) | |
| Liability as of March 29, 2014 | 27,962 | 1,334 |
|
Severance and Related Costs [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Liability as of June 29, 2013 | 27,879 | |
| (Income) expense | (1,732) | |
| Non-cash charges | (345) | |
| Cash payments and settlements | (24,468) | |
| Liability as of March 29, 2014 | 1,334 | |
|
Impairment & Other [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Liability as of June 29, 2013 | 83 | |
| (Income) expense | 1,903 | |
| Non-cash charges | (1,822) | |
| Cash payments and settlements | $ (164) |
| X | ||||||||||
|
- Definition
Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of consideration other than cash used to fully or partially settle an accrued restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Acquisitions (Narrative) (Details) (European Joint Venture [Member], USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|
|
Mar. 29, 2014
|
Sep. 28, 2013
|
Mar. 29, 2014
|
Jun. 29, 2013
|
Jul. 01, 2013
store
|
|
|
European Joint Venture [Member]
|
|||||
| Business Acquisition [Line Items] | |||||
| Ownership percentage | 100.00% | ||||
| Percentage of domestic retail businesses acquired | 50.00% | ||||
| Aggregate purchase prices, net of cash acquired | $ 15,105 | ||||
| Number of stores operated | 18 | ||||
| Cash paid for acquisition | 1,775 | 5,437 | 7,893 | ||
| Loan forgiven | 18,019 | ||||
| Purchase price allocation, goodwill | 22,534 | ||||
| Cash acquired as part of acquisition | $ 3,453 | ||||
| X | ||||||||||
|
- Definition
Percentage Of Ownership Interests Acquired No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Fair value at acquisition-date of the assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interests issued by the acquirer, including but not limited to, instruments or interests issued or issuable in consideration for the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tangible or intangible assets, including a business or subsidiary of the acquirer transferred by the entity to the former owners of the acquiree. Excludes cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents the number of stores. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Goodwill and Intangible Assets (Narrative) (Details) (Trademarks [Member], USD $)
In Thousands, unless otherwise specified |
Mar. 29, 2014
|
Jun. 29, 2013
|
|---|---|---|
|
Trademarks [Member]
|
||
| Goodwill and Intangible Assets Disclosure [Line Items] | ||
| Intangible assets not subject to amortization | $ 9,788 | $ 9,788 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Goodwill and Intangible Assets (Change in Carrying Value of Goodwill) (Details) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | ||
|---|---|---|---|
|
Mar. 29, 2014
|
Jun. 29, 2013
|
Mar. 29, 2014
International [Member]
|
|
| Beginning balance | $ 363,417 | $ 345,039 | $ 345,039 |
| Acquisition of European joint venture | 22,534 | ||
| Foreign exchange impact | (4,156) | ||
| Ending balance | $ 363,417 | $ 345,039 | $ 363,417 |
| X | ||||||||||
|
- Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) from foreign currency translation adjustments of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stockholders' Equity (Stockholders' Equity) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Mar. 29, 2014
|
Mar. 30, 2013
|
|
| Beginning balance | $ 2,409,158 | $ 1,992,931 | ||
| Net income | 190,740 | 238,932 | 706,061 | 813,077 |
| Other comprehensive loss | (4,057) | (40,349) | ||
| Shares issued for stock options and employee benefit plans | 5,498 | 31,246 | ||
| Share-based compensation | 78,566 | 89,209 | ||
| Excess tax benefit from share-based compensation | 480 | 11,779 | ||
| Repurchase and retirement of common stock (shares) | (3,646) | (10,239) | (7,066) | |
| Repurchase and retirement of common stock | (174,989) | (524,926) | (400,000) | |
| Dividends declared | (281,501) | (253,928) | ||
| Ending balance | 2,389,279 | 2,243,965 | 2,389,279 | 2,243,965 |
|
Common Stock [Member]
|
||||
| Beginning balance | 2,819 | 2,851 | ||
| Beginning balance, shares | 281,902 | 285,118 | ||
| Shares issued for stock options and employee benefit plans, shares | 2,489 | 2,884 | ||
| Shares issued for stock options and employee benefit plans | 25 | 29 | ||
| Repurchase and retirement of common stock (shares) | (10,239) | (7,066) | ||
| Repurchase and retirement of common stock | (102) | (71) | ||
| Ending balance | 2,742 | 2,809 | 2,742 | 2,809 |
| Ending balance, shares | 274,152 | 280,936 | 274,152 | 280,936 |
|
Additional Paid-in Capital [Member]
|
||||
| Beginning balance | 2,520,469 | 2,327,055 | ||
| Shares issued for stock options and employee benefit plans | 5,473 | 31,217 | ||
| Share-based compensation | 78,566 | 89,209 | ||
| Excess tax benefit from share-based compensation | 480 | 11,779 | ||
| Ending balance | 2,604,988 | 2,459,260 | 2,604,988 | 2,459,260 |
|
Retained Earnings/(Accumulated Deficit) [Member]
|
||||
| Beginning balance | (101,884) | (387,450) | ||
| Net income | 706,061 | 813,077 | ||
| Repurchase and retirement of common stock | (524,824) | (399,929) | ||
| Dividends declared | (281,501) | (253,928) | ||
| Ending balance | (202,148) | (228,230) | (202,148) | (228,230) |
|
Accumulated Other Comprehensive Income (Loss) [Member]
|
||||
| Beginning balance | (12,246) | 50,475 | ||
| Other comprehensive loss | (4,057) | (40,349) | ||
| Ending balance | $ (16,303) | $ 10,126 | $ (16,303) | $ 10,126 |
| X | ||||||||||
|
- Definition
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase in additional paid in capital (APIC) resulting from a tax benefit associated with share-based compensation plan other than an employee stock ownership plan (ESOP). Includes, but is not limited to, excess tax benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of paid and unpaid cash dividends declared for classes of stock, for example, but not limited to, common and preferred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit) allocated to other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. 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
Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares that have been repurchased and retired during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated appreciation or loss, net of tax, in value of the total of available-for-sale securities at the end of an accounting period. 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 change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period 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, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, 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
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax, before reclassification adjustments of other comprehensive income (loss). No definition available.
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of reclassification adjustments of other comprehensive income (loss). No definition available.
|
|
Earnings Per Share (Reconciliation of Weighted Average Shares Outstanding and Calculation of Basic and Diluted Earnings Per Share) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Mar. 29, 2014
|
Mar. 30, 2013
|
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
| Net income | $ 190,740 | $ 238,932 | $ 706,061 | $ 813,077 |
| Total weighted-average basic shares | 276,107 | 280,818 | 278,853 | 282,805 |
| Dilutive securities: | ||||
| Total weighted-average diluted shares | 278,750 | 284,624 | 281,576 | 286,559 |
| Net income per share: | ||||
| Basic | $ 0.69 | $ 0.85 | $ 2.53 | $ 2.88 |
| Diluted | $ 0.68 | $ 0.84 | $ 2.51 | $ 2.84 |
|
Employee Benefit and Share Award Plans [Member]
|
||||
| Dilutive securities: | ||||
| Dilutive securities | 948 | 1,408 | 996 | 1,317 |
|
Stock Options [Member]
|
||||
| Dilutive securities: | ||||
| Dilutive securities | 1,695 | 2,398 | 1,727 | 2,437 |
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Earnings Per Share (Anti-Dilutive Impact on Diluted Earnings per Share) (Details) (USD $)
|
9 Months Ended | |
|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
|
| Earnings Per Share [Abstract] | ||
| Options to purchase shares of common stock excluded from the computation of diluted earnings per share | 5,414 | 5,087 |
| Options' exercise prices, lower limit | $ 50.07 | $ 51.56 |
| Options' exercise prices, upper limit | $ 78.46 | $ 78.46 |
| 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) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Share-Based Compensation - (Narrative) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
|
| Compensation Related Costs Share Based Payments Disclosure [Line Items] | ||
| Total unrecognized compensation cost related to non-vested stock options | $ 30,623 | |
| Options outstanding, weighted average remaining contractual term | 1 year | |
|
Stock Options [Member]
|
||
| Compensation Related Costs Share Based Payments Disclosure [Line Items] | ||
| Weighted-average grant-date fair value of options granted | $ 9.94 | $ 13.07 |
| Total intrinsic value of options exercised | 26,138 | 50,502 |
| Total cash received from option exercises | 42,479 | 56,586 |
| Actual tax benefit realized for the tax deductions from these option exercises | 9,665 | 19,377 |
|
Restricted Stock Unit Awards ("RSU") [Member]
|
||
| Compensation Related Costs Share Based Payments Disclosure [Line Items] | ||
| Actual tax benefit realized for the tax deductions from these option exercises | 33,091 | 23,247 |
|
Performance-based Restricted Stock Unit Awards ("PRSU") [Member]
|
||
| Compensation Related Costs Share Based Payments Disclosure [Line Items] | ||
| Expected term (years) | 1 year 6 months | |
| Total unrecognized compensation cost related to non-vested awards | 16,546 | |
| Weighted-average grant-date fair value of options granted | $ 32.29 | $ 50.55 |
| Total fair value of shares vested | 23,149 | 0 |
|
Total Stockholder Return Performance Restriced Stock Units [Member]
|
||
| Compensation Related Costs Share Based Payments Disclosure [Line Items] | ||
| Grant date fair value of award | 6,814 | |
| Fair value assumptions used in calculating fair value of executive officer award, expected volatility rate | 32.61% | |
| Fair value assumptions used in calculating fair value of executive officer award, risk-free interest rate | 0.63% | |
| Fair value assumptions used in calculating fair value of executive officer award, dividend yield | 0.00% | |
| Shares issued to select executives | 241 | |
|
Service-based Restricted Stock Units [Member]
|
||
| Compensation Related Costs Share Based Payments Disclosure [Line Items] | ||
| Total unrecognized compensation cost related to non-vested awards | 109,669 | |
| Total unrecognized compensation cost related to non-vested awards, recognized over a weighted-average period | 1 year 1 month 6 days | |
| Weighted-average grant-date fair value of options granted | $ 53.09 | $ 54.94 |
| Total fair value of shares vested | 76,895 | 79,641 |
|
Maximum [Member] | Total Stockholder Return Performance Restriced Stock Units [Member]
|
||
| Compensation Related Costs Share Based Payments Disclosure [Line Items] | ||
| Shares issued to select executives | 321 | |
| Common stock to selected executives awards | $ 9,085 | |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Grant date fair value of award No definition available.
|
| X | ||||||||||
|
- Definition
The total fair value of shares issued during the period under a deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares issued pursuant to the terms of a deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate proceeds received by the entity during the annual period from exercises of stock or unit options and conversion of similar instruments granted under equity-based payment arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Unrecognized cost of unvested options awarded to employees as compensation. No definition available.
|
| 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
Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. 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
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation (Total Compensation Cost and Related Tax Benefits (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | |||||
|---|---|---|---|---|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Sep. 28, 2013
Sale of Reed Krakoff Business; Restructuring and Transformation [Member]
|
||||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||||
| Share-based compensation expense | $ 25,805 | $ 30,183 | $ 78,566 | [1] | $ 89,209 | $ 9,834 | ||
| Income tax benefit related to share-based compensation expense | $ 7,938 | $ 10,172 | $ 24,374 | [1] | $ 30,340 | $ 3,793 | ||
|
||||||||
| X | ||||||||||
|
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Share-Based Compensation (Summary of Option Activity) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
9 Months Ended |
|---|---|
|
Mar. 29, 2014
|
|
| Number of Options Outstanding | |
| Beginning balance | 12,893 |
| Granted | 2,322 |
| Exercised | (1,285) |
| Forfeited or expired | (2,165) |
| Ending balance | 11,765 |
| Vested and expected to vest at March 29, 2014 | 11,272 |
| Exercisable at March 29, 2014 | 7,641 |
| Weighted-Average Exercise Price | |
| Beginning balance | $ 43.37 |
| Granted | $ 52.95 |
| Exercised | $ 33.07 |
| Forfeited or expired | $ 55.50 |
| Ending balance | $ 44.15 |
| Vested and expected to vest at March 29, 2014 | $ 43.85 |
| Exercisable at March 29, 2014 | $ 38.70 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| 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
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price 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
|
| X | ||||||||||
|
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation (Summary of Non-vested Service-Based Restricted Stock Unit Activity) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
9 Months Ended |
|---|---|
|
Mar. 29, 2014
|
|
|
Service-based Restricted Stock Units [Member]
|
|
| Number of Non-vested Share Units | |
| Beginning balance | 3,269 |
| Granted | 1,962 |
| Vested | (1,459) |
| Forfeited | (485) |
| Ending balance | 3,287 |
| Weighted-Average Grant-Date Fair Value Per Share | |
| Beginning balance | $ 54.06 |
| Granted | $ 53.09 |
| Vested | $ 51.01 |
| Forfeited | $ 55.03 |
| Ending balance | $ 54.70 |
|
Performance-based Restricted Stock Unit Awards ("PRSU") [Member]
|
|
| Number of Non-vested Share Units | |
| Beginning balance | 1,093 |
| Change due to performance condition achievement | 62 |
| Granted | 308 |
| Vested | (435) |
| Forfeited | (110) |
| Ending balance | 918 |
| Weighted-Average Grant-Date Fair Value Per Share | |
| Beginning balance | $ 46.84 |
| Granted | $ 32.29 |
| Change due to performance condition achievement | $ 36.48 |
| Vested | $ 40.27 |
| Forfeited | $ 43.82 |
| Ending balance | $ 44.72 |
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments OtherThan Options Changed Due To Performance Condition In Period Weighted Average Grant Date Fair Value No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit 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 or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net total number of shares (or other type of equity) under an equity-based award plan, other than a stock option plan, that were granted, vested and forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value Measurements (Fair Value Measurements of Assets and Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 29, 2014
Level 1 [Member]
|
Jun. 29, 2013
Level 1 [Member]
|
Mar. 29, 2014
Level 2 [Member]
|
Jun. 29, 2013
Level 2 [Member]
|
Jun. 29, 2013
Level 3 [Member]
|
Mar. 29, 2014
Time Deposits [Member]
Level 2 [Member]
Short-term Investments [Member]
|
Jun. 29, 2013
Time Deposits [Member]
Level 2 [Member]
Short-term Investments [Member]
|
Mar. 29, 2014
Government Securities [Member]
Level 1 [Member]
Short-term Investments [Member]
|
Mar. 29, 2014
Government Securities [Member]
Level 1 [Member]
Long-term Investments [Member]
|
Mar. 29, 2014
Corporate Debt Securities [Member]
Level 2 [Member]
Short-term Investments [Member]
|
Jun. 29, 2013
Corporate Debt Securities [Member]
Level 2 [Member]
Short-term Investments [Member]
|
Mar. 29, 2014
Corporate Debt Securities [Member]
Level 2 [Member]
Long-term Investments [Member]
|
Jun. 29, 2013
Corporate Debt Securities [Member]
Level 2 [Member]
Long-term Investments [Member]
|
Mar. 29, 2014
Foreign Corporate Debt Securities [Member]
Level 2 [Member]
Short-term Investments [Member]
|
Mar. 29, 2014
Foreign Corporate Debt Securities [Member]
Level 2 [Member]
Long-term Investments [Member]
|
Jun. 29, 2013
Foreign Corporate Debt Securities [Member]
Level 2 [Member]
Long-term Investments [Member]
|
Jun. 29, 2013
Auction Rate Security [Member]
Level 3 [Member]
Long-term Investments [Member]
|
Mar. 29, 2014
Zero-Cost Collar Options [Member]
Level 2 [Member]
|
Jun. 29, 2013
Zero-Cost Collar Options [Member]
Level 2 [Member]
|
Mar. 29, 2014
Forward Contracts and Cross Currency Swaps [Member]
Level 2 [Member]
|
Jun. 29, 2013
Forward Contracts and Cross Currency Swaps [Member]
Level 2 [Member]
|
Mar. 29, 2014
Contractual Obligations [Member]
Level 2 [Member]
|
Jun. 29, 2013
Contractual Obligations [Member]
Level 2 [Member]
|
|||||||||||||||||||||||||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash equivalents | $ 7,170 | [1] | $ 124,420 | [1] | $ 23,473 | [1] | $ 337,239 | [1] | ||||||||||||||||||||||||||||||||||||||||||||||||
| Investments | 140,125 | [2] | 70,012 | [2] | 32,977 | [2],[3] | 63,791 | [3] | 17,292 | [2] | 2,094 | [2] | 154,457 | [3] | 63,442 | [3] | 27,140 | [2] | 100,999 | [3] | 33,968 | [3] | 6,000 | [4] | ||||||||||||||||||||||||||||||||
| Derivative assets | 3,108 | [5] | 1,592 | [5] | 130 | [5] | 2,390 | [5] | 523 | [5] | ||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | 103,938 | 124,420 | 466,724 | 511,260 | 6,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative liabilities | 2,555 | [5] | 22 | [5] | 85 | [5] | 81 | [5] | 255 | [5] | ||||||||||||||||||||||||||||||||||||||||||||||
| Total liability | $ 103 | $ 2,895 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment maturity start date | Jan. 01, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment maturity end date | Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
The latest maturity date when short-term debt instruments are reported on the Schedule of Investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The earliest maturity date when short-term debt instruments are reported on the Schedule of Investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value portion of 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
|
| X | ||||||||||
|
- Definition
Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of financial and nonfinancial obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value Measurements (Fair Value Measured on a Recurring Basis Using Significant Unobservable Inputs) (Details) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | ||
|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Jun. 30, 2012
|
|
| Fair Value Measurements [Abstract] | |||
| Balance, beginning of period | $ 6,000 | $ 6,000 | $ 6,000 |
| Included in income before taxes | (25) | ||
| Losses included in other comprehensive income | 1,072 | ||
| Sale of investment | (7,047) | ||
| Balance, end of period | $ 6,000 | $ 6,000 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized in the income statement for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Debt (Narrative) (Details)
|
9 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 29, 2014
Jp Morgan Chase Bank Na [Member]
USD ($)
|
Jun. 29, 2013
Jp Morgan Chase Bank Na [Member]
USD ($)
|
Mar. 29, 2014
Jp Morgan Chase Bank Na [Member]
Federal Funds Rate [Member]
|
Mar. 29, 2014
Jp Morgan Chase Bank Na [Member]
London Interbank Offered Rate (LIBOR) [Member]
|
Mar. 29, 2014
Jp Morgan Chase Bank Na [Member]
Maximum [Member]
USD ($)
|
Mar. 29, 2014
Japan [Member]
USD ($)
|
Mar. 29, 2014
Japan [Member]
JPY (¥)
|
Mar. 29, 2014
Japan [Member]
Minimum [Member]
Tokyo Interbank Rate [Member]
|
Mar. 29, 2014
Japan [Member]
Maximum [Member]
Tokyo Interbank Rate [Member]
|
Mar. 29, 2014
Coach Shanghai Limited [Member]
USD ($)
|
Mar. 29, 2014
Coach Shanghai Limited [Member]
CNY
|
|
| Debt Instrument [Line Items] | |||||||||||
| Credit facility, maximum borrowing capacity | $ 700,000,000 | $ 51,000,000 | ¥ 5,300,000,000 | $ 10,000,000 | 63,000,000 | ||||||
| Credit facility can be expanded to maximum amount | 1,000,000,000 | ||||||||||
| Letters of credit amount outstanding | $ 210,000,000 | $ 0 | $ 0 | $ 0 | |||||||
| Variable rate description | an alternate base rate (which is a rate equal to the greatest of (1) the Prime Rate in effect on such day, (2) the Federal Funds Effective Rate in effect on such day plus ½ of 1% or (3) the Adjusted LIBO Rate for a one month Interest Period on such day plus 1% | ||||||||||
| Commitment fee, current (basis points) | 0.075% | ||||||||||
| Variable rate | 0.50% | 1.00% | 0.25% | 0.30% | |||||||
| Credit facility, maturity date | Mar. 26, 2018 | ||||||||||
| X | ||||||||||
|
- Definition
Commitment Fee Current No definition available.
|
| X | ||||||||||
|
- Definition
Line of Credit Facility, Potential Maximum Borrowing Capacity No definition available.
|
| X | ||||||||||
|
- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
|
- Definition
The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Date the credit facility terminates, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Commitments and Contingencies - (Narrative) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended |
|---|---|---|
|
Mar. 29, 2014
|
Mar. 29, 2014
|
|
| Commitments and Contingencies Disclosure [Line Items] | ||
| Amount invested in joint venture during the period | $ 21,518 | $ 62,856 |
|
Hudson Yards [Member]
|
||
| Commitments and Contingencies Disclosure [Line Items] | ||
| Joint venture agreement, expected investment amount | 370,000 | 370,000 |
| Expected capital expenditures incurred | 190,000 | 190,000 |
|
Minimum [Member] | Hudson Yards [Member]
|
||
| Commitments and Contingencies Disclosure [Line Items] | ||
| Joint venture agreement, additional expected investment in current fiscal year | $ 30,000 | $ 30,000 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Expected capital expenditures incurred No definition available.
|
| X | ||||||||||
|
- Definition
Expected Investment in Joint Venture No definition available.
|
| X | ||||||||||
|
- Definition
Expected Investment in Joint Venture, Current No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Investments (Summary of Investments) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 29, 2014
|
Jun. 29, 2013
|
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | $ 311,441 | $ 72,106 | ||||||||||||
| Non-current | 479,295 | 197,340 | ||||||||||||
| Total | 790,736 | 269,446 | ||||||||||||
|
Available-for-sale Securities [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | 77,409 | 2,094 | ||||||||||||
| Non-current | 319,247 | 103,410 | ||||||||||||
| Total | 396,656 | 105,504 | ||||||||||||
|
Available-for-sale Securities [Member] | Government Securities - U.S. [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | 32,977 | [1] | ||||||||||||
| Non-current | 63,791 | [1] | ||||||||||||
| Total | 96,768 | [1] | ||||||||||||
|
Available-for-sale Securities [Member] | Corporate Debt Securities [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | 17,292 | [1] | 2,094 | [1] | ||||||||||
| Non-current | 154,457 | [1] | 63,442 | [1] | ||||||||||
| Total | 171,749 | [1] | 65,536 | [1] | ||||||||||
|
Available-for-sale Securities [Member] | Foreign Corporate Debt Securities [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | 27,140 | [1] | ||||||||||||
| Non-current | 100,999 | [1] | 33,968 | [1] | ||||||||||
| Total | 128,139 | [1] | 33,968 | [1] | ||||||||||
|
Available-for-sale Securities [Member] | Auction Rate Security [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Non-current | 6,000 | [2] | ||||||||||||
| Total | 6,000 | [2] | ||||||||||||
|
Held-to-maturity Securities [Member] | Government Securities - U.S. [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | 18,184 | [3] | ||||||||||||
| Total | 18,184 | [3] | ||||||||||||
|
Held-to-maturity Securities [Member] | Corporate Debt Securities [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | 26,275 | [3] | ||||||||||||
| Total | 26,275 | [3] | ||||||||||||
|
Held-to-maturity Securities [Member] | Foreign Corporate Debt Securities [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | 16,022 | [3] | ||||||||||||
| Total | 16,022 | [3] | ||||||||||||
|
Held-to-maturity Securities [Member] | Commercial Paper [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | 33,426 | [3] | ||||||||||||
| Total | 33,426 | [3] | ||||||||||||
|
Other Investments [Member] | Time Deposits [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Current | 140,125 | [4] | 70,012 | [4] | ||||||||||
| Total | 140,125 | [4] | 70,012 | [4] | ||||||||||
|
Other Investments [Member] | Other Invested Assets [Member]
|
||||||||||||||
| Schedule of Available-for-sale Securities [Line Items] | ||||||||||||||
| Non-current | 160,048 | [5] | 93,930 | [5] | ||||||||||
| Total | $ 160,048 | [5] | $ 93,930 | [5] | ||||||||||
|
||||||||||||||
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| 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
|
|
Investments (Summary of Investments Footnote) (Details)
|
9 Months Ended |
|---|---|
|
Mar. 29, 2014
|
|
|
Minimum [Member]
|
|
| Schedule of Available-for-sale Securities [Line Items] | |
| Time deposit, maturity period | 3 months |
|
Available-for-sale Securities [Member] | Minimum [Member]
|
|
| Schedule of Available-for-sale Securities [Line Items] | |
| Investments maturity year | 2014 |
|
Available-for-sale Securities [Member] | Maximum [Member]
|
|
| Schedule of Available-for-sale Securities [Line Items] | |
| Investments maturity year | 2017 |
|
Held-to-maturity Securities [Member] | Minimum [Member]
|
|
| Schedule of Available-for-sale Securities [Line Items] | |
| Investments maturity year | 2014 |
|
Held-to-maturity Securities [Member] | Maximum [Member]
|
|
| Schedule of Available-for-sale Securities [Line Items] | |
| Investments maturity year | 2015 |
| X | ||||||||||
|
- Definition
Securities, Maturity Year No definition available.
|
| X | ||||||||||
|
- Definition
Time Deposits Original Maturity Period No definition available.
|
| X | ||||||||||
|
- Details
|
|
Derivative Instruments and Hedging Activities (Narrative) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Mar. 29, 2014
Shinsegae International [Member]
|
Jun. 29, 2013
Shinsegae International [Member]
|
Mar. 29, 2014
Foreign Exchange Contract [Member]
Intercompany and Related Party Loans [Member]
Minimum [Member]
|
Mar. 29, 2014
Foreign Exchange Contract [Member]
Intercompany and Related Party Loans [Member]
Maximum [Member]
|
Mar. 29, 2014
Forward Contracts and Cross Currency Swaps [Member]
|
Jun. 29, 2013
Forward Contracts and Cross Currency Swaps [Member]
|
Mar. 29, 2014
Zero-Cost Collar Options [Member]
|
Jun. 29, 2013
Zero-Cost Collar Options [Member]
|
Mar. 29, 2014
Zero-Cost Collar Options [Member]
Minimum [Member]
|
Mar. 29, 2014
Zero-Cost Collar Options [Member]
Maximum [Member]
|
Mar. 29, 2014
Forward Contracts [Member]
|
Jun. 29, 2013
Forward Contracts [Member]
|
Jun. 29, 2013
European Joint Venture [Member]
Hackett Limited [Member]
|
|
| Derivative Instruments and Hedging Activities Disclosure [Line Items] | |||||||||||||||||
| Derivative instruments, maturity date | 2014-05 | 2018-03 | 2014-04 | 2015-06 | |||||||||||||
| Derivative instruments, notional value of hedged item | $ 4,000 | $ 16,944 | |||||||||||||||
| Derivative instruments, notional amount | 15,687 | 147,591 | 93,997 | 193,352 | |||||||||||||
| Contractual obligation | 4,000 | 10,000 | 6,944 | ||||||||||||||
| Expected amount of net derivative losses included in accumulated other comprehensive income that will be reclassified into earnings within the next 12 months | 4,736 | 4,736 | |||||||||||||||
| Amount of gain or (loss) recognized in OCI on derivatives (effective portion), tax | 994 | (1,029) | (2,239) | (5,523) | |||||||||||||
| Amount of gain (loss) reclassified from accumulated OCI into income (effective portion), tax | (355) | (560) | (2,817) | (84) | |||||||||||||
| Gain (loss) recognized due to hedge ineffectiveness | $ 0 | $ 0 | |||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion, Tax No definition available.
|
| X | ||||||||||
|
- Definition
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Deferred Taxes No definition available.
|
| X | ||||||||||
|
- Definition
Derivative, Maturity Month and Year No definition available.
|
| X | ||||||||||
|
- Definition
Expected amount of net derivative losses included in accumulated other comprehensive income that will be reclassified into earnings within the next 12 months No definition available.
|
| X | ||||||||||
|
- Definition
Amount of contractual obligation, including but not limited to, long-term debt, capital lease obligations, operating lease obligations, purchase obligations, and other commitments. 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
Nominal or face amount used to calculate payments on the derivative asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) from the ineffectiveness of the hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Instruments and Hedging Activities (Fair Value of Derivatives Designated as Hedging Instruments) (Details) (Designated as Hedging Instrument [Member], USD $)
In Thousands, unless otherwise specified |
Mar. 29, 2014
|
Jun. 29, 2013
|
|---|---|---|
| Derivatives, Fair Value [Line Items] | ||
| Derivative, notional amount | $ 113,684 | $ 357,887 |
|
Other Current Assets [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative assets | 3,238 | 4,505 |
|
Accrued Liabilities [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative liabilities | 103 | 2,895 |
|
Zero-Cost Collars [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative, notional amount | 93,997 | 193,352 |
|
Zero-Cost Collars [Member] | Other Current Assets [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative assets | 3,108 | 1,592 |
|
Zero-Cost Collars [Member] | Accrued Liabilities [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative liabilities | 2,555 | |
|
Currency Swap [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative, notional amount | 13,110 | 111,195 |
|
Currency Swap [Member] | Other Current Assets [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative assets | 130 | 1,366 |
|
Currency Swap [Member] | Accrued Liabilities [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative liabilities | 1 | 85 |
|
Intercompany and Related Party Loans [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative, notional amount | 2,577 | 36,396 |
|
Intercompany and Related Party Loans [Member] | Other Current Assets [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative assets | 1,024 | |
|
Intercompany and Related Party Loans [Member] | Accrued Liabilities [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative liabilities | 21 | |
|
Contractual Obligations [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative, notional amount | 4,000 | 16,944 |
|
Contractual Obligations [Member] | Other Current Assets [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative assets | 523 | |
|
Contractual Obligations [Member] | Accrued Liabilities [Member]
|
||
| Derivatives, Fair Value [Line Items] | ||
| Derivative liabilities | $ 81 | $ 255 |
| X | ||||||||||
|
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Derivative Instruments and Hedging Activities (Amount of Gain or Loss Reclassified from Accumulated OCI into Income) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Mar. 29, 2014
|
Mar. 30, 2013
|
|
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Amount of net gain (loss) recognized in OCI on derivatives (effective portion) | $ 623 | $ 1,818 | $ 3,941 | $ 8,976 |
|
Cost of Sales [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Amount of net gain (loss) reclassified from accumulated OCI into income (effective portion) | 731 | 813 | 4,693 | 115 |
|
Zero-Cost Collars [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Amount of net gain (loss) recognized in OCI on derivatives (effective portion) | (1,287) | 2,572 | 3,993 | 8,156 |
|
Forward Contracts and Cross Currency Swaps [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Amount of net gain (loss) recognized in OCI on derivatives (effective portion) | $ 1,910 | $ (754) | $ (52) | $ 820 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The effective portion of net gain (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
|
| 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
|
|
Segment Information (Narrative) (Details)
|
9 Months Ended |
|---|---|
|
Mar. 29, 2014
segment
store
|
|
| Segment Information [Abstract] | |
| Operating segments | 5 |
| Reportable segments | 2 |
| Sales to wholesale customers, number of countries in which entity operates | 30 |
| X | ||||||||||
|
- Definition
The number of countries in which the entity operates as of balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. No definition available.
|
| X | ||||||||||
|
- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Segment Information (Summary of Segment Information) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Mar. 29, 2014
|
Mar. 30, 2013
|
|||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Net sales | $ 1,099,626 | $ 1,187,578 | $ 3,670,010 | $ 3,852,702 | ||||||||
| Gross profit | 781,339 | 880,188 | 2,590,591 | 2,810,738 | ||||||||
| Operating income | 262,709 | 348,493 | 1,020,286 | 1,206,787 | ||||||||
| Income before provision for income taxes | 260,780 | 347,750 | 1,021,938 | 1,202,769 | ||||||||
| Depreciation and amortization expense | 45,169 | 38,785 | 138,108 | 115,666 | ||||||||
| Additions to long-lived assets | 50,862 | 27,786 | 157,624 | 163,172 | ||||||||
|
North America [Member]
|
||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Net sales | 647,923 | 792,466 | 2,409,228 | 2,652,793 | ||||||||
| Gross profit | 412,958 | 538,996 | 1,550,963 | 1,795,103 | ||||||||
| Operating income | 222,002 | 325,602 | 926,129 | 1,130,958 | ||||||||
| Income before provision for income taxes | 222,002 | 325,602 | 926,129 | 1,130,958 | ||||||||
| Depreciation and amortization expense | 16,978 | 18,166 | 54,276 | 52,774 | ||||||||
| Additions to long-lived assets | 27,186 | 6,322 | 79,129 | 69,452 | ||||||||
|
International [Member]
|
||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Net sales | 440,635 | [1] | 385,192 | [1] | 1,230,228 | [1] | 1,170,248 | [1] | ||||
| Gross profit | 347,992 | [1] | 311,544 | [1] | 971,505 | [1] | 936,058 | [1] | ||||
| Operating income | 163,649 | [1] | 151,603 | [1] | 434,812 | [1] | 438,770 | [1] | ||||
| Income before provision for income taxes | 163,649 | [1] | 151,603 | [1] | 434,812 | [1] | 438,770 | [1] | ||||
| Depreciation and amortization expense | 14,368 | [1] | 10,531 | [1] | 41,231 | [1] | 34,505 | [1] | ||||
| Additions to long-lived assets | 12,677 | [1] | 5,240 | [1] | 50,492 | [1] | 54,466 | [1] | ||||
|
Other [Member]
|
||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Net sales | 11,068 | [1],[2] | 9,920 | [1],[2] | 30,554 | [1],[2] | 29,661 | [1],[2] | ||||
| Gross profit | 7,107 | [1],[2] | 7,999 | [1],[2] | 23,401 | [1],[2] | 24,935 | [1],[2] | ||||
| Operating income | 5,724 | [1],[2] | 6,719 | [1],[2] | 19,785 | [1],[2] | 19,417 | [1],[2] | ||||
| Income before provision for income taxes | 5,724 | [1],[2] | 6,719 | [1],[2] | 19,785 | [1],[2] | 19,417 | [1],[2] | ||||
|
Corporate Unallocated [Member]
|
||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Gross profit | 13,282 | 21,649 | 44,722 | 54,642 | ||||||||
| Operating income | (128,666) | (135,431) | (360,440) | (382,358) | ||||||||
| Income before provision for income taxes | (130,595) | (136,174) | (358,788) | (386,376) | ||||||||
| Depreciation and amortization expense | 13,823 | 10,088 | 42,601 | 28,387 | ||||||||
| Additions to long-lived assets | 10,999 | 16,224 | 28,003 | 39,254 | ||||||||
|
European Joint Venture [Member]
|
||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Net sales | 3,658 | 15,845 | ||||||||||
| Gross profit | 1,887 | 7,657 | ||||||||||
| Operating income | 1,858 | 7,738 | ||||||||||
| Income before provision for income taxes | $ 1,858 | $ 7,738 | ||||||||||
|
||||||||||||
| X | ||||||||||
|
- Definition
Amount of significant additions in the period in other assets (current, noncurrent, or unclassified). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, 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
|
| X | ||||||||||
|
- Details
|
|
Segment Information (Summary of Common Costs Not Allocated) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 30, 2013
|
Mar. 29, 2014
|
Mar. 30, 2013
|
|
| Segment Reporting, Other Significant Reconciling Item [Line Items] | ||||
| Operating income | $ 262,709 | $ 348,493 | $ 1,020,286 | $ 1,206,787 |
|
Corporate Unallocated [Member]
|
||||
| Segment Reporting, Other Significant Reconciling Item [Line Items] | ||||
| Production variances | 13,281 | 21,648 | 44,722 | 54,640 |
| Advertising, marketing and design | (61,047) | (58,108) | (178,900) | (178,659) |
| Administration and information systems | (61,242) | (79,064) | (161,727) | (196,248) |
| Distribution and customer service | (19,658) | (19,907) | (64,535) | (62,091) |
| Operating income | $ (128,666) | $ (135,431) | $ (360,440) | $ (382,358) |
| X | ||||||||||
|
- Definition
The total expense recognized in the period for administrative and information systems. No definition available.
|
| X | ||||||||||
|
- Definition
The total expense recognized in the period for distribution and customer service. No definition available.
|
| X | ||||||||||
|
- Definition
Production variances No definition available.
|
| X | ||||||||||
|
- Definition
The total expense recognized in the period for promotion, public relations, and brand or product advertising. 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 | ||||||||||
|
- Details
|
|
Stock Repurchase Program (Narrative) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | |
|---|---|---|---|
|
Mar. 29, 2014
|
Mar. 29, 2014
|
Mar. 30, 2013
|
|
| Shock Repurchase Program [Abstract] | |||
| Common stock repurchased and retired, shares | 3,646 | 10,239 | 7,066 |
| Common stock repurchased and retired, value | $ 174,989 | $ 524,926 | $ 400,000 |
| Common stock repurchased and retired, average cost per share | $ 47.99 | $ 51.27 | $ 56.61 |
| Stock repurchase program, remaining amount authorized for repurchase | $ 836,701 | ||
| X | ||||||||||
|
- Definition
Stock Repurchased and Retired During Period Average Price No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of shares that have been repurchased and retired during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount remaining of a stock repurchase plan authorized by an entity's Board of Directors. No definition available.
|