29,633

2,284

2,208

Depreciation and amortization

(906)

11,088

64,858

77,435

74,573

Operating income (loss)

76,283

89,715

105,443

Interest (expense), net

265

(20)

(690)

Income (loss) from continuing operations before income taxes

76,548

89,695

104,753

Provision (benefit) for income taxes

23,522

26,452

30,408

Net income (loss)

$ 53,026

$ 63,243

$ 74,345

Basic earnings (loss) per share amounts

Income (loss) from continuing operations (in dollars per share)

$ 2.35

$ 2.63

$ 2.92

Basic weighted average common shares outstanding (in shares)

22,537

24,092

25,459

Diluted earnings (loss) per share amounts

Income (loss) from continuing operations (in dollars per share)

$ 2.32

$ 2.61

$ 2.90

Diluted weighted average common shares outstanding (in shares)

22,835

24,276

25,668

[1]

)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 53,026	$ 63,243	$ 74,345
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	(14,787)	378	(419)
Comprehensive income	$ 38,239	$ 63,621	$ 73,926

Stockholders' Equity Note [Abstract]

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.

+ References+ Details

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) In Thousands, except Share data	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Deferred Compensation, Share-based Payments [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Stockholders' Equity, Total [Member]	capitalizedstock-basedcompensation [Member] Additional Paid-in Capital [Member]	capitalizedstock-basedcompensation [Member] Stockholders' Equity, Total [Member]
Total stockholders' equity at Jan. 29, 2011		$ 2,613	$ 209,960	$ 0	$ 400,285	$ 13,299	$ 0	$ 626,157
Common Stock, Shares Issued Balance at Jan. 29, 2011	26,136,000
Treasury Stock, Shares							(14,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	188,000
Stock Issued During Period, Value, Stock Options Exercised		19	6,806					6,825
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	331,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures		34	(34)					0
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition			9,286					9,286
Stock Repurchased and Retired During Period, Shares	(1,944,000)
Stock Repurchased and Retired During Period, Value		(195)	(16,391)		(75,171)			(91,757)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax						(419)		(419)
Common Stock Issued, Employee Trust, Deferred							(598)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	74,345				74,345			74,345
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation			532					532
Stock Issued During Period, Value, Employee Benefit Plan				598
Total stockholders' equity at Jan. 28, 2012		2,471	210,159	598	399,459	12,880	(598)	624,969
Common Stock, Shares Issued Balance at Jan. 28, 2012	24,711,000						(14,000)
Treasury Stock, Shares	24,000						(24,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	68,000
Stock Issued During Period, Value, Stock Options Exercised		6	2,179					2,185
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	200,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures		20	(20)					0
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition			14,253					14,253
Stock Repurchased and Retired During Period, Shares	(1,800,000)
Stock Repurchased and Retired During Period, Value		(179)	(15,821)		(73,020)			(89,020)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax						378		378
Common Stock Issued, Employee Trust, Deferred	(1,119)						(521)	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	63,243				63,243			63,243
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation			4,941					4,941
Stock Issued During Period, Value, Employee Benefit Plan				521
Total stockholders' equity at Feb. 02, 2013	620,949	2,318	215,691	1,119	389,682	13,258	(1,119)	620,949
Common Stock, Shares Issued Balance at Feb. 02, 2013	23,179,000						(10,000)
Treasury Stock, Shares	33,000						(33,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	49,000
Stock Issued During Period, Value, Stock Options Exercised		5	1,474					1,479
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	300,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures		30	(30)					0
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition			21,210					21,210	520	520
Stock Repurchased and Retired During Period, Shares	(1,298,000)
Stock Repurchased and Retired During Period, Value		(130)	(12,555)		(53,145)			(65,830)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax						(14,787)		(14,787)
Common Stock Issued, Employee Trust, Deferred	(1,575)						(456)	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	53,026				53,026			53,026
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation			211					211
Stock Issued During Period, Value, Employee Benefit Plan				456
Total stockholders' equity at Feb. 01, 2014	$ 616,778	$ 2,223	$ 226,521	$ 1,575	$ 389,563	$ (1,529)	$ (1,575)	$ 616,778
Common Stock, Shares Issued Balance at Feb. 01, 2014	22,230,000						(9,000)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 53,026	$ 63,243	$ 74,345
Reconciliation of income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	64,858	77,435	74,573
Stock-based compensation	21,210	14,253	9,286
Excess tax benefits from stock-based compensation	(211)	(4,941)	532
Asset impairment charges	29,633	2,284	2,208
Deferred taxes	(3,552)	1,973	2,269
Deferred rent expense and lease incentives	(11,999)	(5,347)	(14,892)
Other	6,891	(597)	1,475
Changes in operating assets and liabilities:
Inventories	(58,941)	(28,828)	1,804
Prepaid expenses and other assets	(6,039)	(1,131)	806
Income taxes payable, net of prepayments	3,441	15,639	(3,090)
Accounts payable and other current liabilities	73,609	63,277	(617)
Deferred rent and other liabilities	1,544	7,782	8,468
Total adjustments	120,444	141,799	81,758
Net cash provided by operating activities	173,470	205,042	156,103
CASH FLOWS FROM INVESTING ACTIVITIES:
Property and equipment purchases, lease acquisition and software costs	(72,606)	(90,182)	(79,764)
Payments to Acquire Short-term Investments	(47,500)	(15,000)	0
Release of restricted cash	0	0	2,351
Purchase of company-owned life insurance policies	406	(38)	(246)
Net cash used in investing activities	(119,700)	(105,220)	(77,659)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving credit facilities	124,289	134,865	117,263
Repayments under revolving credit facilities	(124,289)	(134,865)	(117,263)
Purchase and retirement of common stock, including transaction costs	(65,830)	(89,020)	(91,757)
Exercise of stock options	1,479	2,185	6,825
Excess tax benefits from stock-based compensation	211	4,941	532
Deferred financing costs	0	(363)	(628)
Net cash provided by (used in) financing activities	(64,140)	(82,257)	(85,028)
Effect of exchange rate changes on cash	(9,761)	(92)	(418)
Net increase (decrease) in cash and cash equivalents	(20,131)	17,473	(7,002)
Cash and cash equivalents, beginning of period	194,128	176,655
Cash and cash equivalents, end of period	173,997	194,128	176,655
OTHER CASH FLOW INFORMATION:
Net cash paid during the year for income taxes	24,826	10,030	37,257
Cash paid during the year for interest	499	704	1,273
Payments for (Proceeds from) Productive Assets	$ (5,924)	$ (1,824)	$ 1,414

BASIS OF PRESENTATION

12 Months Ended

Feb. 01, 2014

Accounting Policies [Abstract]

BASIS OF PRESENTATION

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

The Children's Place Retail Stores, Inc. and subsidiaries (the “Company”) is the largest pure-play children's specialty apparel retailer in North America. The Company provides apparel, accessories and shoes for children from newborn to ten years of age. The Company designs, contracts to manufacture and sells and licenses to sell high-quality, value-priced merchandise, virtually all of which is under the proprietary “The Children's Place”, "Place" and "Baby Place" brand names. As of February 1, 2014, the Company operated 1,107 The Children's Place stores throughout North America and an Internet store at www.childrensplace.com. As part of its merchandise procurement process, the Company maintains business operations in Asia. The Company's corporate offices are in New Jersey and it has one distribution facility in the United States and one in Canada.

The Company classifies its business into two segments: The Children’s Place U.S. and The Children’s Place International. Included in The Children’s Place U.S. segment are the Company’s U.S. and Puerto Rico based stores and U.S. revenue from the Company's wholesale partners. Included in The Children's Place International segment are the Company's Canadian based stores, as well as revenue from international franchisees. Each segment includes an e-commerce business located at www.childrensplace.com. As of February 1, 2014, The Children’s Place U.S. operated 974 stores and The Children’s Place International operated 133 stores.

Certain reclassifications have been made to prior period financial statements to conform to the current period presentation.

Terms that are commonly used in the Company's notes to consolidated financial statements are defined as follows:


•	Fiscal 2013 - The fifty-two weeks ended February 1, 2014


•	Fiscal 2012 - The fifty-three weeks ended February 2, 2013


•	Fiscal 2011 - The fifty-two weeks ended January 28, 2012


•	Fiscal 2014 - The Company's next fiscal year representing the fifty-two weeks ending January 31, 2015


•	SEC- The U.S. Securities and Exchange Commission


•	GAAP - Generally Accepted Accounting Principles


•	FASB- Financial Accounting Standards Board


•	FASB ASC - FASB Accounting Standards Codification, which serves as the source for authoritative U.S. GAAP, except that rules and interpretive releases by the SEC are also sources of authoritative U.S. GAAP for SEC registrants

Fiscal Year

The Company's fiscal year is a 52-week or 53-week period ending on the Saturday on or nearest to January 31. Fiscal 2012 was a 53-week year. All other years presented were 52-week years.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and amounts of revenues and expenses reported during the period. Actual results could differ from the assumptions used and estimates made by management, which could have a material impact on the Company's financial position or results of operations.

Consolidation

The consolidated financial statements include the accounts of the Company and its wholly‑owned subsidiaries. Intercompany balances and transactions have been eliminated. As of February 1, 2014, the Company does not have any investments in unconsolidated affiliates. The “Consolidation” topic of the FASB ASC is considered when determining whether an entity is subject to consolidation.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Short-term Investments

Short-term investments consist of investments which the Company expects to convert into cash within one year, including time deposits, which have original maturities greater than 90 days. The Company classifies its investments in securities at the time of purchase as held-to-maturity and reevaluates such classifications on a quarterly basis. Held-to-maturity investments consist of securities that the Company has the intent and ability to retain until maturity. These securities are recorded at cost which approximates fair value. Cash inflows and outflows related to the sale and purchase of investments are classified as investing activities in the Company's consolidated statements of cash flows.

Revenue Recognition

The Company recognizes revenue, including shipping and handling fees billed to customers, upon purchase at the Company's retail stores or when received by the customer if the product was purchased via the Internet, net of coupon redemptions and anticipated sales returns. The Company deferred approximately $1.8 million and $0.7 million as of February 1, 2014 and February 2, 2013, respectively, for Internet sales shipped but not yet received by the customer. Sales tax collected from customers is excluded from revenue.

An allowance for estimated sales returns is calculated based upon the Company's sales return experience and is recorded in accrued expenses and other current liabilities. The allowance for estimated sales returns was approximately $1.8 million and $2.3 million as of February 1, 2014 and February 2, 2013, respectively.

The Company's policy with respect to gift cards is to record revenue as the gift cards are redeemed for merchandise. Prior to their redemption, gift cards are recorded as a liability, included in accrued expenses and other current liabilities. After two years, the Company recognizes breakage income for the estimated portion of unredeemed gift cards. The Company recognized gift card breakage income of approximately $1.5 million, $1.5 million and $1.2 million during Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively, and is recorded in selling, general and administrative expenses.

In October 2012, the Company launched a new points based customer loyalty program to replace the old program that was restricted to the Company's private label credit card customers. In this program, customers earn points based on purchases and other promotional activities. These points can be redeemed for coupons to discount future purchases. The Company has developed an estimated value of each point earned based on the awards customers can attain less a reasonable breakage rate. The value of each point earned is recorded as deferred revenue. Deferred revenue for loyalty points as of February 1, 2014 and February 2, 2013 was $5.4 million and $3.0 million, respectively.

During Fiscal 2012, the Company began an international store expansion program through territorial agreements with franchisees. At February 1, 2014, the Company's franchisees had a total of 35 stores open in the Middle East. The Company generates revenues from the franchisees from the sale of product, sales royalties and territory fees. The Company records gross sales and cost of goods sold on the sale of product to franchisees when the franchisor takes ownership of the product. The Company records gross sales for royalties when the franchisee sells the product to their customers. Under current agreements the Company receives a fee from each franchisee for exclusive territorial rights. The Company records this territorial fee as deferred revenue and amortizes the fee into gross sales over the life of the territorial agreement. Deferred revenue for franchisees as of February 1, 2014 and February 2, 2013 was $0.9 million and $0.6 million, respectively.

Inventories

Inventories, which consist primarily of finished goods, are stated at the lower of cost or market, with cost determined on an average cost basis. The Company capitalizes supply chain costs in inventory and these costs are reflected in cost of sales as the inventories are sold. Inventory includes items that have been marked down to the Company's best estimate of their lower of cost or market value and an estimate for inventory shrinkage. The Company bases its decision to mark down merchandise upon its current rate of sale, the season and the sell-through of the item. The Company adjusts its inventory based upon an annual physical inventory and shrinkage is estimated in interim periods based upon the historical results of physical inventories in the context of current year facts and circumstances.


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Cost of Sales (exclusive of depreciation and amortization)

In addition to the cost of inventory sold, the Company includes buying, design and distribution expenses, shipping and handling costs on merchandise sold directly to customers, and letter of credit fees in its cost of sales. The Company records all occupancy costs in its cost of sales, except administrative office buildings, which are recorded in selling, general and administrative expenses. All depreciation is reported on a separate line on the Company's consolidated statements of operations.

Stock-based Compensation

The Company's stock-based compensation plans are administered by the Compensation Committee of the Board of Directors (the “Compensation Committee”). The Compensation Committee is comprised of independent members of the Board of Directors (the “Board”). Effective May 20, 2011, the shareholders approved the 2011 Equity Incentive Plan (the "Equity Plan"). Upon adoption of the Equity Plan, the Company ceased granting awards under its 2005 Equity Incentive Plan. The Equity Plan allows the Compensation Committee to grant multiple forms of stock‑based compensation such as stock options, stock appreciation rights, restricted stock awards, deferred stock awards and performance stock awards.

The Company accounts for its stock‑based compensation in accordance with the provisions of the “Compensation-Stock Compensation” topic of the FASB ASC. These provisions require, among other things: (a) the fair value of all stock awards be expensed over their respective vesting periods; (b) the amount of cumulative compensation cost recognized at any date must at least be equal to the portion of the grant-date value of the award that is vested at that date and (c) that compensation expense include a forfeiture estimate for those shares not expected to vest. Also in accordance with these provisions, for those awards with multiple vest dates, the Company recognizes compensation cost on a straight-line basis over the requisite service period for the entire award.

The Company generally grants time vesting stock awards ("Deferred Awards") and performance-based stock awards ("Performance Awards") to employees at management levels and above. The Company also grants Deferred Awards to its non-employee directors. Deferred Awards are granted in the form of restricted stock units that require each recipient to complete a service period. Deferred Awards generally vest ratably over three years. Deferred Awards granted to non-employee directors generally vest after one year. Performance Awards are granted in the form of restricted stock units which have a performance criteria that must be achieved for the awards to be earned in addition to a service period requirement. Each Performance Award has a defined number of shares that an employee can earn (the “Target Shares”) and based on the performance level achieved, the Target Shares can be earned anywhere from zero up to a maximum number as defined in the award agreement, which historically has been 200%. Performance Awards generally cliff vest after a three year service period. As required by her employment contract, the Performance Award granted to the Company's Chief Executive Officer and President has a one year vest period. The fair value of all awards issued prior to May 20, 2011 was based on the average of the high and low selling price of the Company’s common stock on the grant date. Effective with the adoption of the Equity Plan, the fair value of all awards granted on or after May 20, 2011 is based on the closing price of the Company’s common stock on the grant date. Compensation expense is recognized ratably over the related service period reduced for estimated forfeitures of those awards not expected to vest due to employee turnover.

Earnings per Common Share

The Company reports its earnings (loss) per share in accordance with the “Earnings Per Share” topic of the FASB ASC, which requires the presentation of both basic and diluted earnings (loss) per share on the statements of operations. The diluted weighted average common shares includes adjustments for the potential effects of outstanding stock options, Deferred Awards and Performance Awards, but only in the periods in which such effect is dilutive under the treasury stock method. Included in our basic and diluted weighted average common shares are those shares due to participants in the deferred compensation plan, which are held in treasury stock. Antidilutive stock awards are comprised of stock options and unvested deferred, restricted and performance shares which would have been antidilutive in the application of the treasury stock method in accordance with “Earnings Per Share” topic of FASB ASC.


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

In accordance with this topic, the following table reconciles income and share amounts utilized to calculate basic and diluted net income per common share (in thousands):



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Net income	$	53,026	$	63,243	$	74,345

Basic weighted average common shares	22,537		24,092		25,459
Dilutive effect of stock awards	298		184		209
Diluted weighted average common shares	22,835		24,276		25,668
Antidilutive stock awards	32		10		80

Accounts Receivable

Accounts receivable consists of credit and debit card receivables, franchisee and wholesale receivables, landlord construction allowance receivables and other miscellaneous items. Credit and debit card receivables represent credit and debit card sales for which the respective third party service company has yet to remit the cash. The unremitted balance approximates the last few days of related sales for each reporting period. Bad debt associated with these sales is not material. Landlord construction allowance receivables represent landlord contributions to our construction costs of building out the related real estate, primarily new and remodeled stores. Total construction costs are capitalized as property and equipment and the landlord construction allowances are recorded as a lease incentive, a component of deferred rent, which is amortized as a reduction of rent expense over the lease term.

Insurance and Self-Insurance Reserves

The Company self-insures and purchases insurance policies to provide for workers' compensation, general liability and property losses, as well as director and officer's liability, vehicle liability and employee medical benefits. The Company estimates risks and records a liability based on historical claim experience, insurance deductibles, severity factors and other actuarial assumptions. The Company records the current portions of employee medical benefits, workers compensation and general liability reserves in accrued expenses and other current liabilities. As of February 1, 2014 and February 2, 2013, the current portions of these reserves were approximately $7.1 million and $7.8 million, respectively. The Company records the long-term portions of employee medical benefits, workers' compensation and general liability reserves in other long-term liabilities. As of February 1, 2014 and February 2, 2013, the long-term portions of these reserves were approximately $5.5 million and $4.4 million, respectively.

Property and Equipment

Property and equipment are stated at cost. Leasehold improvements are depreciated on a straight-line basis over the life of the lease or the estimated useful life of the asset. All other property and equipment is depreciated on a straight-line basis based upon their estimated useful lives, which generally range from three to twenty-five years. Repairs and maintenance are expensed as incurred.

The Company accounts for internally developed software intended for internal use in accordance with provisions of the “Intangibles-Goodwill and Other” topic of the FASB ASC. The Company capitalizes development‑stage costs such as direct external costs and direct payroll related costs. When development is substantially complete, the Company amortizes the cost of the software on a straight-line basis over the expected life of the software. Preliminary project costs and post-implementation costs such as training, maintenance and support are expensed as incurred.


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Accounting for Impairment of Long-Lived Assets

The Company periodically reviews its long-lived assets when events indicate that their carrying value may not be recoverable. Such events include a history trend or projected trend of cash flow losses or a future expectation that the Company will sell or dispose of an asset significantly before the end of its previously estimated useful life. In reviewing for impairment the Company groups its long-lived assets at the lowest possible level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. In that regard, the Company groups its assets into two categories: corporate-related and store-related. Corporate-related assets consist of those associated with the Company's corporate offices, distribution centers and its information technology systems. Store-related assets consist of leasehold improvements, furniture and fixtures, certain computer equipment and lease related assets associated with individual stores.

For store-related assets, the Company reviews all stores that have been open or not remodeled for at least two years, or sooner if circumstances should dictate, on at least an annual basis. The Company believes waiting two years allows a store to reach a maturity level where a more comprehensive analysis of financial performance can be performed. For each store that shows indications of operating losses, the Company projects future cash flows over the remaining life of the lease and compares the total undiscounted cash flows to the net book value of the related long-lived assets. If the undiscounted cash flows are less than the related net book value of the long-lived assets, they are written down to their fair market value. The Company primarily determines fair market value to be the discounted future cash flows associated with those assets. In evaluating future cash flows, the Company considers external and internal factors. External factors comprise the local environment in which the store resides, including mall traffic, competition, and their effect on sales trends. Internal factors include the Company's ability to gauge the fashion taste of its customers, control variable costs such as cost of sales and payroll, and in certain cases, its ability to renegotiate lease costs.

Exit or Disposal Cost Obligations

In accordance with the “Exit or Disposal Cost Obligations” topic of the FASB ASC, the Company records its exit and disposal costs at fair value to terminate an operating lease or contract when termination occurs before the end of its term and without future economic benefit to the Company. In cases of employee termination benefits, the Company recognizes an obligation only when all of the following criteria are met:


•	management, having the authority to approve the action, commits to a plan of termination;


•	the plan identifies the number of employees to be terminated, their job classifications or functions and their locations, and the expected completion date;


•	the plan establishes the terms of the benefit arrangement, including the benefits that employees will receive upon termination (including but not limited to cash payments), in sufficient detail to enable employees to determine the type and amount of benefits they will receive if they are involuntarily terminated; and


•	actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.

During the first quarter of Fiscal 2012, management approved a plan to exit its distribution center in Ontario, California (the "West Coast DC") and move the operations to its distribution center in Fort Payne, Alabama (the "Southeast DC"). The Company ceased operations at the West Coast DC in May 2012. The lease of the West Coast DC expires in March 2016 and the Company has subleased most of this facility through March 2016.

During the third quarter of Fiscal 2012, management approved a plan to close the Company's distribution center in Dayton, New Jersey ("Northeast DC") and move the operations to its Southeast DC. The Company ceased operations in the Northeast DC during the fourth quarter of fiscal 2012. The lease of its Northeast DC expires in January 2021 and during the second quarter of Fiscal 2013, the Company executed a sublet arrangement for this facility.


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The following table provides details of the remaining accruals for the West Coast DC and Northeast DC (dollars in thousands):



	One-time Termination Benefits			Lease Termination Costs			Other Associated Costs			Total
Balance at January 28, 2012	$	—		$	—		$	—		$	—
Restructuring costs	447			7,968			2,673			11,088
Payments and other adjustments	(447		)	408			(2,673		)	(2,712		)
Balance at February 2, 2013	—			8,376			—			8,376
Restructuring costs	—			(1,413		)	507			(906		)
Payments and other adjustments	—			(4,284		)	(507		)	(4,791		)
Balance at February 1, 2014	$	—		$	2,679		$	—		$	2,679

Deferred Financing Costs

The Company capitalizes costs directly associated with acquiring third party financing. Deferred financing costs are included in other assets and are amortized on a straight-line basis as interest expense over the term of the related indebtedness. At February 1, 2014, deferred financing costs, net of accumulated amortization of $2.4 million, were approximately $1.3 million. At February 2, 2013, deferred financing costs, net of accumulated amortization of $2.0 million, were approximately $1.6 million.

Treasury Stock

Treasury stock is recorded at acquisition cost. Gains and losses on disposition are recorded as increases or decreases to additional paid-in capital with losses in excess of previously recorded gains charged directly to retained earnings. When treasury shares are retired and returned to authorized but unissued status, the carrying value in excess of par is allocated to additional paid-in capital and retained earnings on a pro rata basis.

Pre-opening Costs

Store pre-opening costs consist primarily of occupancy costs, payroll, supply, and marketing expenses, and are expensed as incurred in selling, general and administrative expenses. Pre-opening costs were $3.3 million, $4.0 million and $5.9 million for Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively.

Advertising and Marketing Costs

The Company expenses the cost of advertising over the period the advertising is run or displayed. Included in selling, general and administrative expenses for Fiscal 2013, Fiscal 2012 and Fiscal 2011 are advertising and other marketing costs of approximately $33.8 million, $37.1 million and $37.4 million, respectively.

Rent Expense and Deferred Rent

Rent expense and lease incentives, including landlord construction allowances, are recognized on a straight-line basis over the lease term, commencing generally on the date the Company takes possession of the leased property. The Company records rent expense and the impact of lease incentives for its stores and distribution centers as a component of cost of sales. The unamortized portion of deferred rent is included in deferred rent liabilities.

Income Taxes

We utilize the liability method of accounting for income taxes as set forth in the “Income Taxes” topic of the FASB ASC. Under the liability method, deferred taxes are determined based on the temporary differences between the financial statement and tax basis of assets and liabilities, as well as for net operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using currently enacted tax rates that apply to taxable income in effect for the years in which the basis


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

differences and tax assets are expected to be realized. A valuation allowance is recorded when it is more likely than not that any of the deferred tax assets will not be realized. In determining the need for valuation allowances we consider projected future taxable income and the availability of tax planning strategies. If in the future we determine that we would not be able to realize our recorded deferred tax assets, an increase in the valuation allowance would decrease earnings in the period in which such determination is made.

We assess our income tax positions and record tax benefits for all years subject to examination based upon our evaluation of the facts, circumstances and information available at the reporting date. For those tax positions where it is more likely than not that a tax benefit will be sustained, we have recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more likely than not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements.

Accumulated Other Comprehensive Income

Accumulated other comprehensive income consists of cumulative translation adjustments.

Foreign Currency Translation

The Company has determined that the local currencies of its Canadian and Asian subsidiaries are their functional currencies. In accordance with the “Foreign Currency Matters” topic of the FASB ASC, the assets and liabilities denominated in foreign currency are translated into U.S. dollars at the current rate of exchange existing at period-end and revenues and expenses are translated at average monthly exchange rates. Related translation adjustments are reported as a separate component of stockholders' equity. The Company also transacts certain business in foreign denominated currencies, primarily its Canadian subsidiary purchases inventory in U.S. Dollars, and there are intercompany charges between various subsidiaries. In Fiscal 2013, Fiscal 2012 and Fiscal 2011, the Company recorded realized and unrealized gains (losses) on such transactions of approximately $0.5 million, $0.1 million and $0.0 million, respectively.

Legal Contingencies

The Company reserves for the outcome of litigation and contingencies when it determines an adverse outcome is probable and can estimate losses. Estimates are adjusted as facts and circumstances require. The Company expenses the costs to resolve litigation as incurred, net of amounts, if any, recovered through our insurance coverage.

Retained Earnings

Prior to March 4, 2014, the Company was restricted from paying dividends in cash under its credit facility agreement (see Note 15). There are no other restrictions on the Company's retained earnings.

Fair Value Measurement and Financial Instruments

The “Fair Value Measurements and Disclosure” topic of the FASB ASC provides a single definition of fair value, together with a framework for measuring it, and requires additional disclosure about the use of fair value to measure assets and liabilities.

This topic defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and establishes a three-level hierarchy, which encourages an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of the hierarchy are defined as follows:


•	Level 1 - inputs to the valuation techniques that are quoted prices in active markets for identical assets or liabilities


•	Level 2 - inputs to the valuation techniques that are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly


•	Level 3 - inputs to the valuation techniques that are unobservable for the assets or liabilities

The Company’s cash and cash equivalents, short-term investments, accounts receivable, accounts payable and credit facility are all short-term in nature. As such, their carrying amounts approximate fair value and fall within Level 1 of the fair value hierarchy. The underlying assets and liabilities of the Company’s Deferred Compensation Plan, excluding Company


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

stock, fall within Level 1 of the fair value hierarchy. The Company stock included in the Deferred Compensation Plan is not subject to fair value measurement.

The Company’s assets measured at fair value on a nonrecurring basis include long-lived assets. The Company reviews the carrying amounts of such assets when events indicate that their carrying amounts may not be recoverable. Any resulting asset impairment would require that the asset be recorded at its fair value. The resulting fair value measurements of the assets are considered to be Level 3 inputs. Long-lived assets, primarily comprised of property and equipment, held and used with a carrying amount of $44.4 million were written down to their fair value, resulting in an impairment charge of $29.6 million, which was included in earnings for Fiscal 2013. For Fiscal 2012, long-lived assets held and used with a carrying amount of $3.1 million were written down to their fair value, resulting in an impairment charge of $2.3 million, which was included in earnings for Fiscal 2012. For Fiscal 2011, long-lived assets held and used with a carrying amount of $2.9 million were written down to their fair value, resulting in an impairment charge of $2.2 million, which was included in earnings for Fiscal 2011.

Recently Issued Accounting Updates

In February 2013, the FASB issued guidance finalizing the reporting of amounts reclassified out of accumulated other comprehensive income. The new standard requires the registrant to disclose either in a single note or parenthetically on the face of the financial statements the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and the income statement line items affected by the reclassification. In the first quarter of 2013, the Company adopted the guidance and determined that there were no significant amounts reclassified in the current period or prior periods that would require enhanced disclosure.

STOCKHOLDERS' EQUITY

12 Months Ended

Feb. 01, 2014

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

The Company's Board of Directors authorized the following share repurchase programs: (1) $100 million on August 18, 2010 (the “2010 Share Repurchase Program”); (2) $100 million on March 3, 2011 (the “2011 Share Repurchase Program”); (3) $50.0 million on March 7, 2012 (the “2012 $50 Million Share Repurchase Program”); and (4) $100.0 million on November 26, 2012 (the “2012 $100 Million Share Repurchase Program”). At February 1, 2014, there was approximately $14.7 million remaining on the 2012 $100 Million Share Repurchase Program. The 2010 Share Repurchase Program, 2011 Share Repurchase Program and 2012 $50 Million Share Repurchase Program have been completed. Under the 2012 $100 Million Share Repurchase Program, the Company may repurchase shares in the open market at current market prices at the time of purchase or in privately negotiated transactions. The timing and actual number of shares repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, and other market and business conditions. We may suspend or discontinue the program at any time, and may thereafter reinstitute purchases, all without prior announcement.

Pursuant to restrictions imposed by the Company's equity plan during black-out periods, the Company withholds and retires shares of vesting stock awards in exchange for payments to satisfy minimum withholding tax requirements. The Company's payment of the withholding taxes in exchange for the shares constitutes a purchase of its common stock.

The Company acquires shares of its common stock in conjunction with liabilities owed under a deferred compensation plan, which are held in treasury. The following table summarizes the Company's share repurchases (in thousands):



	Fiscal Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
	Shares	Value		Shares	Value		Shares	Value
Share repurchases related to:
2010 Share buyback program	—	$	—	—	$	—	213	$	10,102
2011 Share buyback program	—	—		377	19,236		1,712	80,764
2012 $ 50 Million Share buyback program	—	—		1,001	50,000		—	—
2012 $100 Million Share buyback program (1)	1,296	65,691		420	19,638		—	—
Withholding taxes	2	139		2	146		19	891
Shares acquired and held in treasury	9	456		10	521		14	598


(1)	Subsequent to February 1, 2014 and through March 18, 2014, the Company repurchased an additional 0.2 million shares for approximately $10.5 million.

Subsequent to February 1, 2014, the Company's credit facility was amended, including to permit the payment of dividends and provide for borrowings up to the lesser of $200 million or its borrowing base.

In accordance with the “Equity” topic of the FASB ASC, the par value of the shares retired is charged against common stock and the remaining purchase price is allocated between additional paid-in capital and retained earnings. The portion charged against additional paid-in capital is done using a pro rata allocation based on total shares outstanding. Related to all shares retired for Fiscal 2013, Fiscal 2012 and Fiscal 2011, approximately $53.1 million, $73.0 million and $75.2 million was charged to retained earnings, respectively.

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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.

+ References

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+ Details

STOCK-BASED COMPENSATION

12 Months Ended

Feb. 01, 2014

STOCK-BASED COMPENSATION

The following table summarizes the Company’s stock-based compensation expense (in thousands):



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Deferred Awards	$	12,873	$	11,109	$	9,109
Performance Awards	8,337		3,144		177
Total stock-based compensation expense (1)	$	21,210	$	14,253	$	9,286

____________________________________________

(1) A portion of stock-based compensation is included in cost of sales. Approximately $2.8 million, $1.7 million and $1.3 million in Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively, were included in cost of sales. All other stock-based compensation is included in selling, general & administrative expense.

The Company recognized a tax benefit related to stock-based compensation expense of $8.5 million, $5.6 million and $3.7 million for Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively.

Awards Granted During Fiscal 2013

The Company granted Deferred Awards and Performance Awards to various executives and members of our Board of Directors during Fiscal 2013. Awards were issued in connection with annual performance reviews, new hires and contractual obligations. Generally, the Deferred Awards have a three year vesting period with one third of the award vesting annually. Deferred Awards granted to the Board of Directors vest generally after one year. In general, the Performance Awards have three annual performance periods and one three-year cumulative performance period and, if earned, vest upon completion of the three year performance period. As required by her employment contract, the Performance Award granted to the Company's Chief Executive Officer and President has a one year vest period. Depending on the final adjusted operating income for the Company's performance periods, the percentage of Target Shares earned can be 0% and range up to 200%.

Unfavorable weather conditions across the country resulted in the Company achieving revenues which were well below operating plan for the first quarter of Fiscal 2013. As a result, prior to the end of the first quarter of Fiscal 2013, the Board of Directors chose to revise the operating plan for the 2013 fiscal year. The Board revised the plan in a manner which required management to reverse the first quarter trends and to achieve results for the remainder of Fiscal 2013 which exceeded the results attained during the comparable period in Fiscal 2012. Following the Board action, the Compensation Committee revised the performance target (and related threshold and maximum) for purposes of the Company's Performance Awards granted during the first quarter of Fiscal 2013 to bring them in line with the revised operating plan. However, in order to take into account the first quarter of Fiscal 2013 results, the revised threshold, target and maximum levels were set such that achievement of the revised performance target for Fiscal 2013 will result in less than the number of Target Shares being earned. The revisions to Performance Award targets resulted in an increase to stock-based compensation expense of $2.2 million for the Company's Fiscal 2013.

At February 1, 2014, the Company had 1,209,826 shares available for grant under the Equity Plan.

3. STOCK-BASED COMPENSATION (Continued)

Changes in the Company’s Unvested Stock Awards during Fiscal 2013, Fiscal 2012 and Fiscal 2011

Deferred Awards



	Fiscal Year Ended
	February 1, 2014				February 2, 2013				January 28, 2012
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
	(in thousands)				(in thousands)				(in thousands)
Unvested Deferred Awards at beginning of year	560		$	49.53	406		$	47.96	356		$	36.91
Granted	395		48.93		518		49.06		334		50.76
Vested (1)	(205	)	49.46		(198	)	45.33		(186	)	34.23
Forfeited	(59	)	48.82		(166	)	49.22		(98	)	43.49
Unvested Deferred Awards at end of year	691		$	49.27	560		$	49.53	406		$	47.96

____________________________________________


(1)	In Fiscal 2013, Fiscal 2012 and Fiscal 2011, the Company withheld shares of 2,089, 2,200 and 18,793, respectively, to satisfy minimum withholding tax requirements. These shares were immediately retired.

Total unrecognized stock-based compensation expense related to unvested Deferred Awards approximated $21.3 million as of February 1, 2014, which will be recognized over a weighted average period of approximately 2.4 years.

The fair value of Deferred Awards held by the Company's employees that vested during Fiscal 2013, Fiscal 2012 and Fiscal 2011 was approximately $9.8 million, $10.0 million and $8.6 million, respectively.

Performance Awards



	Fiscal Year Ended
	February 1, 2014				February 2, 2013				January 28, 2012
	Number of Performance Shares		Weighted Average Grant Date Fair Value		Number of Performance Shares (1)		Weighted Average Grant Date Fair Value		Number of Performance Shares (1)		Weighted Average Grant Date Fair Value
	(in thousands)				(in thousands)				(in thousands)
Unvested Performance Awards at beginning of year	172		$	48.59	6		$	46.08	151		$	25.16
Granted	204		47.89		230		48.51		227		51.45
Vested	(95	)	49.84		(2	)	45.79		(144	)	24.10
Net shares in excess of (less than) target	—		—		(13	)	51.40		(198	)	51.26
Forfeited	(14	)	47.55		(49	)	47.37		(30	)	52.49
Unvested Performance Awards at end of year	267		$	47.67	172		$	48.59	6		$	46.08

____________________________________________


(1)	For those awards in which the performance period is complete, the number of unvested shares is based on actual shares that will vest upon completion of the service period.

Based on the current number of Performance Awards expected to be earned, the total unrecognized stock-based compensation expense related to unvested Performance Awards approximated $4.0 million as of February 1, 2014, which will be recognized over a weighted average period of approximately 1.9 years.

3. STOCK-BASED COMPENSATION (Continued)

The fair value of Performance Awards held by the Company's employees that vested during Fiscal 2013, Fiscal 2012 and Fiscal 2011 was approximately $5.0 million, $0.1 million and $7.1 million, respectively.

Stock Options

No stock options were issued during Fiscal 2013, Fiscal 2012 and Fiscal 2011 and at February 1, 2014, there were no unvested stock options.

Outstanding Stock Options

Changes in the Company’s outstanding stock options for Fiscal 2013 were as follows:



	Fiscal Year Ended
	February 1, 2014				February 2, 2013				January 28, 2012
	Number of Options		Weighted Average Exercise Price		Number of Options		Weighted Average Exercise Price		Number of Options		Weighted Average Exercise Price
	(in thousands)				(in thousands)				(in thousands)
Options outstanding at beginning of year	84		$	30.08	154		$	30.98	351		$	33.93
Granted	—		—		—		—		—		—
Exercised (1)	(49	)	31.06		(68	)	32.03		(188	)	36.21
Forfeited	(1	)	27.11		(2	)	12.07		(9	)	37.09
Options outstanding at end of year (2)	34		$	28.77	84		$	30.08	154		$	30.98
Options exercisable at end of year (2)	34		$	28.77	84		$	30.08	154		$	30.98

____________________________________________


(1)	The aggregate intrinsic value of options exercised was approximately $0.9 million, $1.3 million and $2.7 million for Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively.


(2)	The aggregate intrinsic value of options outstanding and exercisable at the end of Fiscal 2013, Fiscal 2012 and Fiscal 2011 was approximately $0.8 million, $1.6 million and $2.9 million, respectively.

The following table summarizes information regarding options outstanding at February 1, 2014:



		Options Outstanding and Exercisable
Range of Exercise Prices		Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
$22.02	$31.63	33	28.53		3.9
$31.89	$42.15	1	37.41		0.9
		34	$	28.77	3.8

Property, Plant and Equipment [Abstract]

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.

+ References+ Details

PROPERTY AND EQUIPMENT

12 Months Ended

Feb. 01, 2014

PROPERTY AND EQUIPMENT

Property and equipment consist of the following (in thousands):



	Asset Life	February 1, 2014			February 2, 2013
Property and equipment:
Land and land improvements	—	$	3,403		$	3,403
Building and improvements	20-25 yrs	35,548			35,548
Material handling equipment	10-15 yrs	48,345			48,346
Leasehold improvements	3-15 yrs	350,451			391,311
Store fixtures and equipment	3-10 yrs	234,151			265,030
Capitalized software	5-7 yrs	63,874			65,885
Construction in progress	—	43,213			34,433
		778,985			843,956
Less accumulated depreciation and amortization		(466,836		)	(513,855		)
Property and equipment, net		$	312,149		$	330,101

The Company conducted a review of its store portfolio using business hurdles management designed to enhance profitability and improve overall operating results. Based on this review, the Company compiled a list of underperforming stores targeted for closure (the “Disposition List”). As a result of this review the Company closed 41 stores in Fiscal 2013. The Company also identified additional underperforming stores for which the Company will review its options for improving their financial performance, including but not limited to negotiating occupancy relief, in order to achieve the business hurdles. If these stores are unable to do so, then the Company will move them to the Disposition List.

At February 1, 2014, the Company performed impairment testing on 1,066 stores with a total net book value of $156.9 million. During Fiscal 2013, the Company recorded $20.5 million of store impairment charges primarily related to 127 underperforming stores, of which 106 were fully impaired and 21 were partially impaired. Of the 127 underperforming stores 109 were in the U.S. and 18 were in Canada. As of February 1, 2014, the aggregate net book value of the stores that were partially impaired was approximately $2.2 million, which the Company determined to be recoverable based on an estimate of discounted future cash flows. Consistent with its impairment policy, the Company concluded that changes in circumstances affecting the carrying value of stores included on the Disposition List required the Company to review all stores included on the Disposition List regardless of whether the store had been open for at least two years. Impairment charges for all stores were recorded as a result of revenue and/or gross margins not meeting targeted levels and accelerated store lease termination dates.

Company management continues to believe that making progress on its systems implementations will be one of the key drivers to improve its operations and strengthen its financial performance. During the second quarter of Fiscal 2013 the Company established a strategic long term systems plan. As part of this plan, the Company concluded that certain development costs previously incurred were no longer relevant and deemed certain systems to be obsolete and needed to be replaced by enhanced capabilities in order to incorporate industry best practices as well as service our international franchisees and wholesale business partners. Accordingly, the Company recorded asset impairment charges of $9.1 million and incurred $1.2 million of selling, general and administrative expenses related to the write-down of some previously capitalized development costs and obsolete systems.

At February 2, 2013, the Company performed impairment testing on 1,045 stores with a total net book value of $175.3 million. During Fiscal 2012, the Company recorded $2.3 million of impairment charges primarily related to six underperforming stores, of which two were fully impaired and four were partially impaired. All underperforming stores were in the U.S.

At January 28, 2012, the Company performed impairment testing on 920 stores with a total net book value of $141.5 million. During Fiscal 2011, the Company recorded $2.2 million of impairment charges primarily related to seven underperforming stores, of which four were fully impaired and three were partially impaired. All underperforming stores were in the U.S.

4. PROPERTY AND EQUIPMENT (Continued)

During Fiscal 2013, the Company capitalized approximately $19.5 million of external software costs and approximately $8.7 million of internal programming and development costs, of which $0.5 million was related to stock-based compensation. During Fiscal 2012, the Company capitalized approximately $12.9 million of external software costs and approximately $3.8 million of internal programming and development costs. During Fiscal 2011, the Company capitalized approximately $18.7 million of external software costs and approximately $4.9 million of internal programming and development costs. Amortization expense of capitalized software was approximately $7.0 million, $7.4 million and $7.8 million in Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively.

As of February 1, 2014, the Company had approximately $10.2 million in property and equipment for which payment had not been made, which was included in accrued expenses and other current liabilities.

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

CREDIT FACILITY

12 Months Ended

Feb. 01, 2014

Debt Disclosure [Abstract]

CREDIT FACILITY

The Company and certain of its domestic subsidiaries maintain a credit agreement with Wells Fargo Bank, National

Association (“Wells Fargo”), Bank of America, N.A., HSBC Business Credit (USA) Inc., and JPMorgan Chase Bank, N.A. as

lenders (collectively, the “Lenders”) and Wells Fargo, as Administrative Agent, Collateral Agent and Swing Line Lender (the

“Credit Agreement”). The Credit Agreement has been amended from time to time and the provisions below reflect all

amendments.

At February 1, 2014, the Credit Agreement consisted of a $150 million asset based revolving credit facility, with a $125 million sublimit for standby and documentary letters of credit and an accordion feature that could provide up to $75 million of additional availability, of which $25 million was committed. On March 4, 2014, the Credit Agreement was amended to extend the term until August 2018 and to increase the revolving credit limit from $150 million to $200 million, with a $50 million sublimit for standby and documentary letters of credit and an accordion feature that could provide up to $25 million of additional availability, none of which is committed. Revolving credit loans outstanding under the Credit Agreement bear interest, at the Company’s option, at:


(i)	the prime rate plus a margin of 0.50% to 0.75% based on the amount of the Company’s average excess availability under the facility; or


(ii)	the London InterBank Offered Rate, or “LIBOR”, for an interest period of one, two, three or six months, as selected by the Company, plus a margin of 1.50% to 1.75% based on the amount of the Company’s average excess availability under the facility.

The Company is charged an unused line fee of 0.25% on the unused portion of the commitments. Letter of credit fees range from 0.75% to 0.875% for commercial letters of credit and range from 1.00% to 1.25% for standby letters of credit. Letter of credit fees are determined based on the amount of the Company's average excess availability under the facility. The amount available for loans and letters of credit under the Credit Agreement is determined by a borrowing base consisting of certain credit card receivables, certain inventory and the fair market value of certain real estate, subject to certain reserves.

The outstanding obligations under the Credit Agreement may be accelerated upon the occurrence of certain events, including, among others, non-payment, breach of covenants, the institution of insolvency proceedings, defaults under other material indebtedness and a change of control, subject, in the case of certain defaults, to the expiration of applicable grace periods. The Company is not subject to any early termination fees.

The Credit Agreement contains covenants, which include conditions on stock buybacks and the payment of cash dividends or similar payments. Credit extended under the Credit Agreement is secured by a security interest in substantially all of the Company's U.S. assets excluding intellectual property, software, equipment and fixtures.

On December 20, 2012, the Credit Agreement was amended to provide for, among other things, an extension of the term of the Credit Agreement, a reduction in various rates charged under the Agreement as reflected above and the elimination of a first priority security interest in substantially all of the Company's U.S. intellectual property, software, equipment and fixtures. This amendment also provided for the replacement of certain restrictive limits with an availability test, which must be met in order to permit the taking of certain actions. In conjunction with this amendment, the Company paid $0.4 million in additional deferred financing costs.

As of February 1, 2014, the Company has capitalized an aggregate of approximately $3.7 million in deferred financing costs related to the Credit Agreement. The unamortized balance of deferred financing costs at February 1, 2014 was

5. CREDIT FACILITY (Continued)

$1.3 million. Unamortized deferred financing costs are amortized on a straight-line basis over the remaining term of the Credit Agreement.

The table below presents the components (in millions) of the Company’s credit facility as of the periods indicated:



	February 1, 2014			February 2, 2013
Credit facility maximum	$	150.0		$	150.0
Borrowing base	150.0			150.0

Outstanding borrowings	—			—
Letters of credit outstanding—merchandise	1.2			27.1
Letters of credit outstanding—standby	9.9			10.6
Utilization of credit facility at end of period	11.1			37.7

Availability (1)	$	138.9		$	112.3

Interest rate at end of period	3.8		%	3.8		%



	Fiscal 2013			Fiscal 2012
Average end of day loan balance during the period	$	—		$	—
Highest end of day loan balance during the period	10.4			1.1
Average interest rate	3.8		%	4.0		%

____________________________________________


(1)	The sublimit availability for letters of credit was $113.9 million and $87.3 million at February 1, 2014 and February 2, 2013, respectively.

In conjunction with the March 4, 2014 amendment described above the Company paid $0.3 million in additional deferred financing costs.

Letter of Credit Fees

Letter of credit fees approximated $0.2 million in each of Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively, and are included in cost of sales.

Other Income and Expenses [Abstract]

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.

+ References+ Details

INTEREST INCOME (EXPENSE), NET

12 Months Ended

Feb. 01, 2014

INTEREST INCOME (EXPENSE), NET

INTEREST EXPENSE (INCOME), NET

The following table presents the components of the Company’s interest expense, net (in thousands):



	Fiscal Year Ended
	February 1, 2014		February 2, 2013			January 28, 2012
Interest income	$	1,123	$	988		$	959
Tax-exempt interest income	—		—			7
Total interest income	1,123		988			966

Less:
Interest expense – credit facilities	120		146			196
Unused line fee	305		422			881
Amortization of deferred financing fees	364		364			472
Other interest and fees	69		76			107
Total interest expense	858		1,008			1,656
Interest expense (income), net	$	265	$	(20	)	$	(690	)

ACCRUED EXPENSES AND OTHER CURRENT LIABILTIES

12 Months Ended

Feb. 01, 2014

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities are comprised of the following (in thousands):



	February 1, 2014		February 2, 2013
Customer liabilities	$	31,247	$	28,147
Accrued salaries and benefits	27,597		28,901
Accrued store expenses	8,410		4,950
Accrued construction-in-progress	8,277		4,251
Accrued real estate expenses	7,172		6,000
Sales taxes and other taxes payable	6,689		7,805
Accrued freight	5,267		1,918
Accrued marketing	5,075		1,324
Accrued insurance	4,676		4,594
Accrued professional fees	2,369		1,428
Accrued short-term restructuring costs	941		3,637
Other	11,938		8,631
Accrued expenses and other current liabilities	$	119,658	$	101,586

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Feb. 01, 2014

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Operating Lease Commitments

The Company leases all of its stores, offices and distribution facilities (except the Ft. Payne, Alabama distribution center which the Company owns), and certain office equipment, store fixtures and automobiles, under operating leases expiring through 2024. The leases require fixed minimum annual rental payments plus, under the terms of certain leases, additional payments for taxes, other expenses and additional rent based upon sales.

Store, office and distribution facilities minimum rent, contingent rent and sublease income are as follows (in thousands):



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Minimum rentals	168,112		166,022		162,761
Additional rent based upon sales	943		1,270		1,059
Sublease income	(1,138	)	(369	)	(106	)


9.	COMMITMENTS AND CONTINGENCIES (Continued)

Future minimum annual lease payments under the Company's operating leases at February 1, 2014 were as follows (in thousands):



	Minimum Operating Lease Payments
2014	$	159,276
2015	144,353
2016	130,813
2017	114,743
2018	97,048
Thereafter	297,149
Total minimum lease payments	$	943,382

New Store and Remodel Capital Commitments

As of February 1, 2014, the Company executed 11 leases for new stores. The Company estimates the capital expenditures required to open and begin operating these stores will be approximately $3.3 million.

Purchase Commitments

As of February 1, 2014, the Company has entered into various purchase commitments for merchandise for re-sale of approximately $310.0 million and approximately $25.7 million for equipment, construction and other non-merchandise commitments.

Employment Agreements

The Company has an employment agreement with its President and Chief Executive Officer, which provides for severance of two times the sum of base salary plus bonus, and certain other payments and benefits following any termination without cause or for “good reason”. As of February 1, 2014, these cash severance benefits approximated $6.1 million. In the event of a change in control of the Company, certain executives will receive, in the aggregate, approximately $22.9 million of cash severance benefits should they either be terminated or voluntarily terminate their employment due to a degradation of duties as defined in their agreement.

The entire disclosure for commitments and contingencies.

+ References+ Details

INCOME TAXES

12 Months Ended

Feb. 01, 2014

Income Tax Disclosure [Abstract]

INCOME TAXES

The components of income before taxes are as follows (in thousands):



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
U.S.	$	36,487	$	36,948	$	47,101
Foreign	40,061		52,747		57,652
Total	$	76,548	$	89,695	$	104,753


11.	INCOME TAXES (Continued)

The components of the Company's provision for income taxes consisted of the following (in thousands):



	Fiscal Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Current -
Federal	$	13,240		$	7,575		$	6,984
State	4,371			5,230			6,462
Foreign	9,463			11,674			14,693
Total current	27,074			24,479			28,139
Deferred -
Federal	(1,513		)	3,045			1,542
State	(731		)	(762		)	1,590
Foreign	(1,308		)	(310		)	(863		)
Total deferred	(3,552		)	1,973			2,269
Tax provision as shown on the consolidated statements of operations	$	23,522		$	26,452		$	30,408
Effective tax rate	30.7		%	29.5		%	29.0		%

A reconciliation between the calculated tax provision on income based on statutory rates in effect and the effective tax rate for is as follows (in thousands):



	Fiscal Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Calculated income tax provision at federal statutory rate	$	26,792		$	31,393		$	36,664
State income taxes, net of federal benefit	2,366			2,904			5,234
Foreign tax rate differential	(7,224		)	(9,044		)	(7,064		)
Deemed repatriation of foreign income and reversals thereof	—			—			(870		)
Nondeductible expenses	1,792			1,611			1,373
Unrecognized tax benefit	(1,347		)	(743		)	(3,729		)
Change in valuation allowance	447			1,395			—
Other	696			(1,064		)	(1,200		)
Total tax provision	$	23,522		$	26,452		$	30,408


11.	INCOME TAXES (Continued)

The tax effects of temporary differences which give rise to deferred tax assets and liabilities are as follows (in thousands):



	February 1, 2014			February 2, 2013
Current –
Assets
Inventory	1,067			1,538
Reserves	13,256			12,376
Total current assets	14,323			13,914
Liabilities-prepaid expenses	(3,464		)	(4,200		)
Total current, net	10,859			9,714
Noncurrent –
Property and equipment	18,446			18,519
Deferred rent	14,325			13,598
Equity compensation	6,792			4,401
Reserves and other	6,243			7,160
Net operating loss carryover and other tax credits	1,842			1,395
Capital loss carryover	1,560			1,560
Total noncurrent, gross	49,208			46,633
Valuation allowance	(3,402		)	(2,955		)
Net noncurrent	45,806			43,678
Total deferred tax asset, net	$	56,665		$	53,392

The Company evaluates its permanent reinvestment assertions with respect to foreign earnings at each reporting period. During the fourth quarter of fiscal 2011 the Company changed its permanent reinvestment assertion as it related to its Hong Kong and other Asian subsidiaries, whereby the Company no longer provides deferred taxes on the undistributed earnings of these subsidiaries. After this date the Company is fully reinvested in all its foreign subsidiaries. This had the effect of reducing the Company's anticipated income tax provision by approximately $6.9 million, of which approximately $0.9 million related to prior year non-repatriated foreign income for which U.S. income taxes were provided.

As of February 1, 2014, the Company has not provided Federal taxes on approximately $201.3 million of unremitted earnings of its foreign subsidiaries. The Company intends to reinvest these earnings to fund expansion in these and other markets outside the U.S. Accordingly, the Company has not provided any provision for income tax expense in excess of foreign jurisdiction income tax requirements relative to such unremitted earnings in the accompanying financial statements. Due to the complexities associated with the hypothetical calculation, including the availability of foreign tax credits, the Company has concluded it is not practicable to determine the unrecognized deferred tax liability related to the undistributed earnings.

The Company has a capital loss carryforward (“CLC”) of approximately $3.9 million, which will expire in 2015, if unused. The Company has foreign net operating loss carryforwards of approximately $2.7 million which do not expire. The Company also has an Alternative Minimum Tax credit ("AMT") in Puerto Rico of approximately $1.2 million which does not expire.

Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. The Company has concluded that it is more likely than not that certain deferred tax assets cannot be used in the foreseeable future, principally the CLC in the U.S., the foreign net operating loss carryforwards and the AMT credit in Puerto Rico. Accordingly, a valuation allowance has been established for these tax benefits. However, to the extent that tax benefits related to these are realized in the future, the reduction of the valuation allowance will reduce income tax expense accordingly.


11.	INCOME TAXES (Continued)

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become realizable.

The Company's income taxes payable have been reduced by the tax benefits from employee stock plan awards. For stock options, the Company receives an income tax benefit calculated as the tax effect of the difference between the fair market value of the stock issued at the time of the exercise and the exercise price. For Deferred Awards and Performance Awards, the Company receives an income tax benefit upon the award's vesting equal to the tax effect of the underlying stock's fair market value.

A reconciliation of the gross amounts of unrecognized tax benefits, excluding accrued interest and penalties, is as follows (in thousands):



	February 1, 2014			February 2, 2013
Beginning Balance	$	5,919		$	6,935
Additions for current year tax positions	490			475
Additions for prior year tax positions	349			100
Reductions for prior year tax positions	(54		)	(158		)
Settlements	(851		)	(39		)
Reductions due to a lapse of the applicable statute of limitations	(1,441		)	(1,394		)
	$	4,412		$	5,919

Approximately $4.6 million of unrecognized tax benefits at February 1, 2014 would affect the Company's effective tax rate if recognized. The Company believes it is reasonably possible that there may be a reduction of approximately $1.8 million of unrecognized tax benefits in the next 12 months as a result of settlements with taxing authorities and statute of limitations expirations.

The Company accrued interest and penalties related to unrecognized tax benefits as part of the provision for income taxes. At February 1, 2014 and February 2, 2013 accrued interest and penalties included in unrecognized tax benefits were approximately $1.4 million and $1.9 million, respectively. Interest, penalties and reversals, thereof, net of taxes, was a benefit of $0.4 million, $0.2 million and $0.8 million for Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively. Included in income tax expense for Fiscal 2011, the Company recorded a benefit of approximately $3.7 million related to unrecognized tax benefits primarily as a result of settlements with taxing authorities and statute of limitations expirations.

The Company is subject to tax in the United States and foreign jurisdictions, including Canada and Hong Kong. The Company, joined by its domestic subsidiaries, files a consolidated income tax return for Federal income tax purposes. During fiscal 2009, the Company completed the U.S. Federal income tax audit for fiscal years 2008 and prior. The Company, with certain exceptions, is no longer subject to income tax examinations by state and local or foreign tax authorities for tax years before fiscal 2010.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

SAVINGS AND INVESTMENT PLANS	12 Months Ended
SAVINGS AND INVESTMENT PLANS	Feb. 01, 2014
Compensation and Retirement Disclosure [Abstract]
SAVINGS AND INVESTMENT PLANS	RETIREMENT AND SAVINGS PLANS 401(k) Plan The Company has adopted The Children's Place 401(k) Savings Plan (the “401(k) Plan”), which qualifies under Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”). The 401(k) Plan is a defined contribution plan established to provide retirement benefits for employees. The 401(k) Plan is employee funded up to an elective annual deferral and also provides for the Company to make matching contributions to the 401(k) Plan. The 401(k) Plan is available for all U.S. employees who have completed 90 days of service with the Company. Following guidance in IRS Notice 98-52 related to the design‑based alternative, or “safe harbor,” 401(k) plan method, the Company modified its 401(k) Plan for Company match contributions for non-highly compensated associates, as defined in the Code. For non-highly compensated associates, the Company matches the first 3% of the participant's contribution and 50% of the next 2% of the participant's contribution and the Company match contribution vests immediately. For highly compensated associates, the Company matches the lesser of 50% of the participant's contribution or 2.5% of the participant's covered compensation and the Company match contribution vests over 5 years. The Company's matching contributions were approximately $2.2 million, $2.0 million, and $1.8 million in Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively. Deferred Compensation Plan The Company has a deferred compensation plan (the “Deferred Compensation Plan”), which is a nonqualified, unfunded plan, for eligible senior level employees. Under the plan, participants may elect to defer up to 80% of his or her base salary and/or up to 100% of his or her bonus to be earned for the year following the year in which the deferral election is made. The Deferred Compensation Plan also permits members of the Board of Directors to elect to defer payment of all or a portion of their retainer and other fees to be earned for the year following the year in which a deferral election is made. In addition, eligible employees and directors of the Company may also elect to defer payment of any shares of Company stock that is earned with respect to deferred stock awards. The Company may, but is not required to, credit participants with additional Company contribution amounts. Deferred amounts are not subject to forfeiture and are deemed invested among investment funds offered under the Deferred Compensation Plan, as directed by each participant. Payments of deferred amounts (as adjusted for earnings and losses) are payable following separation from service or at a date or dates elected by the participant at the time the deferral is elected. Payments of deferred amounts are generally made in either a lump sum or in annual installments over a period not exceeding 15 years. During fiscal 2010, the Deferred Compensation Plan was amended to allow for cash deferrals made by members of the Board of Directors to be invested in shares of the Company’s common stock. Such elections are irrevocable and will be settled in shares of common stock. All other deferred amounts are payable in the form in which they were made; cash deferrals are payable in cash and stock deferrals are payable in stock. Earlier distributions are not permitted except in the case of an unforeseen hardship. The Company has established a rabbi trust that serves as an investment to shadow the Deferred Compensation Plan liability; however, the assets of the rabbi trust are general assets of the Company and as such, would be subject to the claims of creditors in the event of bankruptcy or insolvency. The investments of the rabbi trust consist of company-owned life insurance policies (“COLIs”) and Company stock. The Deferred Compensation Plan liability, excluding Company stock, is included in other long-term liabilities and changes in the balance are recognized as compensation expense. The cash surrender values of the COLIs are included in other assets and related earnings and losses are recognized as investment income or loss, which is included in selling, general and administrative expenses. Company stock deferrals are included in the equity section of the Company’s consolidated balance sheet as treasury stock and as a deferred compensation liability. Deferred stock is recorded at fair market value at the time of deferral and any subsequent changes in fair market value are not recognized. The Deferred Compensation Plan liability, excluding Company stock, at fair value, was approximately $0.3 million and $0.7 million at February 1, 2014 and February 2, 2013, respectively. The cash surrender value of the COLIs, which reflects the underlying assets at fair value, was approximately $0.3 million and $0.7 million and at February 1, 2014 and February 2, 2013, respectively. Company stock was $1.6 million and $1.1 million at February 1, 2014 and February 2, 2013, respectively. Other Plans Under statutory requirements, the Company contributes to retirement plans for its Canadian, Puerto Rican and Asian operations. Contributions under these plans were approximately $0.3 million in Fiscal 2013 and $0.2 million in each of Fiscal 2012 and Fiscal 2011.

SEGMENT INFORMATION

12 Months Ended

Feb. 01, 2014

Segment Reporting [Abstract]

SEGMENT INFORMATION

In accordance with the “Segment Reporting” topic of the FASB ASC, the Company reports segment data based on geography: The Children’s Place U.S. and The Children’s Place International. Each segment includes an e-commerce business located at www.childrensplace.com. Included in The Children’s Place U.S. segment are the Company’s U.S. and Puerto Rico based stores and U.S. revenue from the Company's wholesale partners. Included in The Children's Place International segment are the Company's Canadian based stores and revenue from international franchisees. The Company measures its segment profitability based on operating income, defined as income before interest and taxes. Net sales and direct costs are recorded by each segment. Certain inventory procurement functions such as production and design as well as corporate overhead, including executive management, finance, real estate, human resources, legal, and information technology services are managed by The Children’s Place U.S. segment. Expenses related to these functions, including depreciation and amortization, are allocated to The Children’s Place International segment based primarily on net sales. The assets related to these functions are not allocated. The Company periodically reviews these allocations and adjusts them based upon changes in business circumstances. Net sales from external customers are derived from merchandise sales and the Company has no major customers that account for more than 10% of its net sales. As of February 1, 2014, The Children’s Place U.S. operated 974 stores and The Children’s Place International operated 133 stores. As of February 2, 2013, The Children’s Place U.S. operated 966 stores and The Children’s Place International operated 129 stores.

The following tables provide segment level financial information for Fiscal 2013, Fiscal 2012 and Fiscal 2011 (dollars in thousands):



	Fiscal Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Net sales:
The Children’s Place U.S.	$	1,528,276		$	1,557,549		$	1,489,795
The Children’s Place International (1)	237,513			251,937			226,067
Total net sales	$	1,765,789		$	1,809,486		$	1,715,862
Gross profit:
The Children’s Place U.S.	$	558,156		$	584,081		$	553,755
The Children’s Place International	97,365			107,359			105,894
Total gross profit	$	655,521		$	691,440		$	659,649
Gross Margin:
The Children’s Place U.S.	36.5		%	37.5		%	37.2		%
The Children’s Place International	41.0		%	42.6		%	46.8		%
Total gross margin	37.1		%	38.2		%	38.4		%
Operating income:
The Children’s Place U.S. (2)	$	60,267		$	68,346		$	76,531
The Children’s Place International (4)(5)	16,016			21,369			28,912
Total operating income	$	76,283		$	89,715		$	105,443



Operating income as a percent of net sales:
The Children’s Place U.S.	3.9		%	4.4		%	5.1		%
The Children’s Place International	6.7		%	8.5		%	12.8		%
Total operating income	4.3		%	5.0		%	6.1		%
Depreciation and amortization:
The Children’s Place U.S. (3)	$	55,595		$	65,066		$	64,788
The Children’s Place International (5)	9,263			12,369			9,785
Total depreciation and amortization	$	64,858		$	77,435		$	74,573
Capital expenditures:
The Children’s Place U.S.	$	64,486		$	75,945		$	66,690
The Children’s Place International	8,120			14,237			13,074
Total capital expenditures	$	72,606		$	90,182		$	79,764


13.	SEGMENT INFORMATION (Continued)


(1)	Net sales from The Children's Place International are primarily derived from revenues from Canadian operations.

(2)

Includes exit costs (income) associated with the closures of the West Coast DC and Northeast DC of approximately $(0.9) million and $11.1 million for Fiscal 2013 and Fiscal 2012, respectively. Also includes a $25.4 million impairment charge for Fiscal 2013 and a $2.1 million impairment charge for Fiscal 2012. Also includes additional costs incurred related to restructuring, severance and reorganizations of approximately $4.2 million and $3.9 million for Fiscal 2013 and Fiscal 2012, respectively.


(3)	Includes approximately $7.7 million of accelerated depreciation associated with the closure of the Northeast DC for Fiscal 2012.


(4)	Includes a $4.2 million impairment charge for Fiscal 2013.

(5) Includes accelerated depreciation associated with the remodel of certain Canadian stores of approximately $1.6 million for Fiscal 2012.



	February 1, 2014		February 2, 2013
Total assets:
The Children’s Place U.S.	$	824,893	$	746,911
The Children’s Place International	165,737		176,499
Total assets	$	990,630	$	923,410

Geographic Information

The Company's long-lived assets are located in the following countries:



	February 1, 2014		February 2, 2013
Long-lived assets (1):
United States	$	283,059	$	294,123
Canada	31,046		39,571
Asia	1,399		803
Total long-lived assets	$	315,504	$	334,497

____________________________________________


(1)	The Company's long-lived assets are comprised of net property and equipment and other assets.

Quarterly Financial Information Disclosure [Abstract]

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.

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-Section 50

-Paragraph 31

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 40

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

+ Details

QUARTERLY FINANCIAL DATA

12 Months Ended

Feb. 01, 2014

QUARTERLY FINANCIAL DATA

QUARTERLY FINANCIAL DATA (UNAUDITED)

In the opinion of management, the unaudited consolidated financial statements presented below contain all material adjustments, consisting of normal recurring accruals, necessary to present fairly the Company's financial position and results of operations and have been prepared in a manner consistent with the audited financial statements contained herein. Due to the seasonal nature of the Company's business, the results of operations in any given interim period are not indicative of operating results for a full fiscal year.


14.	QUARTERLY FINANCIAL DATA (UNAUDITED) (Continued)

The following tables reflect quarterly consolidated statements of income for the periods indicated (unaudited):



	Fiscal Year Ended February 1, 2014
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter (1)
Net sales	$	423,164		$	382,448		$	492,680	$	467,497
Gross profit	163,268			126,182			201,761		164,310
Selling, general and administrative expenses	119,008			124,408			123,521		118,716
Asset impairment charges	—			21,766			—		7,867
Other costs (income)	(1,023		)	61			200		(144		)
Depreciation and amortization	16,824			15,593			16,473		15,968
Operating income (loss)	28,459			(35,646		)	61,567		21,903
Income (loss) before income taxes	28,519			(35,646		)	61,649		22,026
Provision (benefit) for income taxes	9,247			(12,010		)	19,910		6,375
Net income (loss)	19,272			(23,636		)	41,739		15,651

Diluted earnings (loss) per share	$	0.83		$	(1.05	)	$	1.84	$	0.69
Diluted weighted average common shares outstanding	23,289			22,514			22,628		22,652

____________________________________________

(1) Significant items impacting the fourth quarter of Fiscal 2013 include approximately $7.9 million of asset impairment charges and $2.0 million of additional costs related to store dispositions.



	Fiscal Year Ended February 2, 2013
	First Quarter		Second Quarter			Third Quarter		Fourth Quarter (1)
Net sales	$	438,508	$	360,826		$	500,928	$	509,224
Gross profit	178,645		114,705			209,533		188,557
Selling, general and administrative expenses	122,283		120,671			131,875		136,089
Asset impairment charges	1,250		280			539		215
Other costs (income)	834		3,062			570		6,622
Depreciation and amortization	17,218		17,482			23,023		19,712
Operating income (loss)	37,060		(26,790		)	53,526		25,919
Income (loss) before income taxes	37,009		(26,820		)	53,503		26,003
Provision (benefit) for income taxes	12,275		(8,896		)	16,198		6,875
Net income (loss)	24,734		(17,924		)	37,305		19,128

Diluted earnings (loss) per share	$	1.00	$	(0.74	)	$	1.54	$	0.80
Diluted weighted average common shares outstanding	24,691		24,249			24,293		23,789

____________________________________________


14.	QUARTERLY FINANCIAL DATA (UNAUDITED) (Continued)

(1)

Significant items impacting the fourth quarter of Fiscal 2012 include approximately $6.6 million of lease termination costs (net of anticipated sublease income) and severance related to the closing of the Northeast DC which are included in other costs in the accompanying consolidated statements of operations. The Company also recorded $2.0 million of accelerated depreciation related to the closing of the Northeast DC which is included in depreciation and amortization in the accompanying consolidated statements of operations.

Valuation and Qualifying Accounts [Abstract]

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Feb. 01, 2014
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS Subsequent to February 1, 2014 and through March 18, 2014, the Company repurchased an additional 0.2 million shares for approximately $10.5 million, which brought the total under the 2012 $100 Million Share Repurchase Program to approximately $95.8 million. The Company's Board of Directors authorized a quarterly cash dividend of $0.1325 per share to be paid April 17, 2014 for shareholders of record on the close of business on March 27, 2014. The quarterly dividend is the first for The Children’s Place since becoming a public company in 1997. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Company’s Board of Directors based on a number of factors, including business and market conditions, the Company’s future financial performance and other investment priorities. The Board has also approved an additional $100 million share repurchase authorization as part of the Company’s strategy to return excess capital to shareholders. This share repurchase authorization permits the Company to repurchase shares in the open market at current market prices at the time of purchase or in privately negotiated transactions. The timing and actual number of shares repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, and other market and business conditions, and the Company may suspend or discontinue the program at any time, and may thereafter reinstitute purchases, all without prior announcement. On March 4, 2014, the Company amended its existing credit facility to permit the payment of dividends and increase its line of credit to $200 million from $150 million, with a $50 million sublimit for standby and documentary letters of credit and an accordion feature that could provide up to $25 million of additional availability, none of which is committed. It also extended the agreement an additional year to August 2018. For more information see Note 5 of the Notes to our Consolidated Financial Statements. The Company also announced the decision to change its name from "The Children's Place Retail Stores, Inc." to "The Children’s Place, Inc." which more accurately reflects its strategic positioning as a leading, global children’s brand.

SCHEDULE II

12 Months Ended

Feb. 01, 2014

Schedule II

THE CHILDREN'S PLACE RETAIL STORES, INC. AND SUBSIDIARIES

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)



Column A	Column B		Column C		Column D			Column E
	Balance at beginning of year		Charged to expense		Deductions			Balance at end of year
Lower of cost or market reserve (1)
Fiscal year ended February 1, 2014	$	2,413	$	1,881	$	(26	)	$	4,268
Fiscal year ended February 2, 2013	$	2,746	$	1,804	$	(2,137	)	$	2,413
Fiscal year ended January 28, 2012	$	4,477	$	1,342	$	(3,073	)	$	2,746


(1)	Reflects adjustment of out-of-season merchandise inventories to realizable value. Column C represents increases to the reserve and Column D represents decreases to the reserve based on quarterly assessments of the reserve.

BASIS OF PRESENTATION (Policies)

12 Months Ended

Feb. 01, 2014

Accounting Policies [Abstract]

Fiscal Period, Policy [Policy Text Block]

Fiscal Year

The Company's fiscal year is a 52-week or 53-week period ending on the Saturday on or nearest to January 31. Fiscal 2012 was a 53-week year. All other years presented were 52-week years.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Consolidation, Policy [Policy Text Block]

Consolidation

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Stock-based Compensation

Earnings Per Share, Policy [Policy Text Block]

Earnings per Common Share


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

In accordance with this topic, the following table reconciles income and share amounts utilized to calculate basic and diluted net income per common share (in thousands):



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Net income	$	53,026	$	63,243	$	74,345

Basic weighted average common shares	22,537		24,092		25,459
Dilutive effect of stock awards	298		184		209
Diluted weighted average common shares	22,835		24,276		25,668
Antidilutive stock awards	32		10		80

Receivables, Policy [Policy Text Block]

Accounts Receivable

Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block]

Insurance and Self-Insurance Reserves

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Accounting for Impairment of Long-Lived Assets

Costs Associated with Exit or Disposal Activities or Restructurings, Policy [Policy Text Block]

Exit or Disposal Cost Obligations


•	management, having the authority to approve the action, commits to a plan of termination;


•	the plan identifies the number of employees to be terminated, their job classifications or functions and their locations, and the expected completion date;


•	the plan establishes the terms of the benefit arrangement, including the benefits that employees will receive upon termination (including but not limited to cash payments), in sufficient detail to enable employees to determine the type and amount of benefits they will receive if they are involuntarily terminated; and


•	actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The following table provides details of the remaining accruals for the West Coast DC and Northeast DC (dollars in thousands):



	One-time Termination Benefits			Lease Termination Costs			Other Associated Costs			Total
Balance at January 28, 2012	$	—		$	—		$	—		$	—
Restructuring costs	447			7,968			2,673			11,088
Payments and other adjustments	(447		)	408			(2,673		)	(2,712		)
Balance at February 2, 2013	—			8,376			—			8,376
Restructuring costs	—			(1,413		)	507			(906		)
Payments and other adjustments	—			(4,284		)	(507		)	(4,791		)
Balance at February 1, 2014	$	—		$	2,679		$	—		$	2,679

Deferred Charges, Policy [Policy Text Block]



	One-time Termination Benefits			Lease Termination Costs			Other Associated Costs			Total
Balance at January 28, 2012	$	—		$	—		$	—		$	—
Restructuring costs	447			7,968			2,673			11,088
Payments and other adjustments	(447		)	408			(2,673		)	(2,712		)
Balance at February 2, 2013	—			8,376			—			8,376
Restructuring costs	—			(1,413		)	507			(906		)
Payments and other adjustments	—			(4,284		)	(507		)	(4,791		)
Balance at February 1, 2014	$	—		$	2,679		$	—		$	2,679

Deferred Financing Costs

Start-up Activities, Cost Policy [Policy Text Block]

Pre-opening Costs

Advertising Cost, Policy, Expensed Advertising Cost [Policy Text Block]

Advertising and Marketing Costs

Income Tax, Policy [Policy Text Block]

Income Taxes


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency Translation

Legal Costs, Policy [Policy Text Block]

Legal Contingencies

Retained Earnings [Policy Text Block]

Retained Earnings

Prior to March 4, 2014, the Company was restricted from paying dividends in cash under its credit facility agreement (see Note 15). There are no other restrictions on the Company's retained earnings.

Fair Value Measurement and Financial Instruments


•	Level 1 - inputs to the valuation techniques that are quoted prices in active markets for identical assets or liabilities


•	Level 2 - inputs to the valuation techniques that are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly


•	Level 3 - inputs to the valuation techniques that are unobservable for the assets or liabilities


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

stock, fall within Level 1 of the fair value hierarchy. The Company stock included in the Deferred Compensation Plan is not subject to fair value measurement.

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Inventory, Policy [Policy Text Block]

Inventories

Cost of Sales, Policy [Policy Text Block]

Cost of Sales (exclusive of depreciation and amortization)

BASIS OF PRESENTATION Earnings per Share (Tables)

12 Months Ended

Feb. 01, 2014

Schedule of Restructuring and Related Costs [Table Text Block]

he following table provides details of the remaining accruals for the West Coast DC and Northeast DC (dollars in thousands):



	One-time Termination Benefits			Lease Termination Costs			Other Associated Costs			Total
Balance at January 28, 2012	$	—		$	—		$	—		$	—
Restructuring costs	447			7,968			2,673			11,088
Payments and other adjustments	(447		)	408			(2,673		)	(2,712		)
Balance at February 2, 2013	—			8,376			—			8,376
Restructuring costs	—			(1,413		)	507			(906		)
Payments and other adjustments	—			(4,284		)	(507		)	(4,791		)
Balance at February 1, 2014	$	—		$	2,679		$	—		$	2,679

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]


1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

In accordance with this topic, the following table reconciles income and share amounts utilized to calculate basic and diluted net income per common share (in thousands):



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Net income	$	53,026	$	63,243	$	74,345

Basic weighted average common shares	22,537		24,092		25,459
Dilutive effect of stock awards	298		184		209
Diluted weighted average common shares	22,835		24,276		25,668
Antidilutive stock awards	32		10		80

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Feb. 01, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock-based compensation expense



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Deferred Awards	$	12,873	$	11,109	$	9,109
Performance Awards	8,337		3,144		177
Total stock-based compensation expense (1)	$	21,210	$	14,253	$	9,286

Schedule of changes in unvested deferred awards



	Fiscal Year Ended
	February 1, 2014				February 2, 2013				January 28, 2012
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
	(in thousands)				(in thousands)				(in thousands)
Unvested Deferred Awards at beginning of year	560		$	49.53	406		$	47.96	356		$	36.91
Granted	395		48.93		518		49.06		334		50.76
Vested (1)	(205	)	49.46		(198	)	45.33		(186	)	34.23
Forfeited	(59	)	48.82		(166	)	49.22		(98	)	43.49
Unvested Deferred Awards at end of year	691		$	49.27	560		$	49.53	406		$	47.96

Schedule of unvested performance awards



	Fiscal Year Ended
	February 1, 2014				February 2, 2013				January 28, 2012
	Number of Performance Shares		Weighted Average Grant Date Fair Value		Number of Performance Shares (1)		Weighted Average Grant Date Fair Value		Number of Performance Shares (1)		Weighted Average Grant Date Fair Value
	(in thousands)				(in thousands)				(in thousands)
Unvested Performance Awards at beginning of year	172		$	48.59	6		$	46.08	151		$	25.16
Granted	204		47.89		230		48.51		227		51.45
Vested	(95	)	49.84		(2	)	45.79		(144	)	24.10
Net shares in excess of (less than) target	—		—		(13	)	51.40		(198	)	51.26
Forfeited	(14	)	47.55		(49	)	47.37		(30	)	52.49
Unvested Performance Awards at end of year	267		$	47.67	172		$	48.59	6		$	46.08

Schedule of stock option activity



	Fiscal Year Ended
	February 1, 2014				February 2, 2013				January 28, 2012
	Number of Options		Weighted Average Exercise Price		Number of Options		Weighted Average Exercise Price		Number of Options		Weighted Average Exercise Price
	(in thousands)				(in thousands)				(in thousands)
Options outstanding at beginning of year	84		$	30.08	154		$	30.98	351		$	33.93
Granted	—		—		—		—		—		—
Exercised (1)	(49	)	31.06		(68	)	32.03		(188	)	36.21
Forfeited	(1	)	27.11		(2	)	12.07		(9	)	37.09
Options outstanding at end of year (2)	34		$	28.77	84		$	30.08	154		$	30.98
Options exercisable at end of year (2)	34		$	28.77	84		$	30.08	154		$	30.98

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]



		Options Outstanding and Exercisable
Range of Exercise Prices		Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
$22.02	$31.63	33	28.53		3.9
$31.89	$42.15	1	37.41		0.9
		34	$	28.77	3.8

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Feb. 01, 2014

Property, Plant and Equipment [Abstract]

Property and equipment



	Asset Life	February 1, 2014			February 2, 2013
Property and equipment:
Land and land improvements	—	$	3,403		$	3,403
Building and improvements	20-25 yrs	35,548			35,548
Material handling equipment	10-15 yrs	48,345			48,346
Leasehold improvements	3-15 yrs	350,451			391,311
Store fixtures and equipment	3-10 yrs	234,151			265,030
Capitalized software	5-7 yrs	63,874			65,885
Construction in progress	—	43,213			34,433
		778,985			843,956
Less accumulated depreciation and amortization		(466,836		)	(513,855		)
Property and equipment, net		$	312,149		$	330,101

CREDIT FACILITY (Tables)

12 Months Ended

Feb. 01, 2014

Debt Disclosure [Abstract]

Components of credit facility



	February 1, 2014			February 2, 2013
Credit facility maximum	$	150.0		$	150.0
Borrowing base	150.0			150.0

Outstanding borrowings	—			—
Letters of credit outstanding—merchandise	1.2			27.1
Letters of credit outstanding—standby	9.9			10.6
Utilization of credit facility at end of period	11.1			37.7

Availability (1)	$	138.9		$	112.3

Interest rate at end of period	3.8		%	3.8		%



	Fiscal 2013			Fiscal 2012
Average end of day loan balance during the period	$	—		$	—
Highest end of day loan balance during the period	10.4			1.1
Average interest rate	3.8		%	4.0		%

____________________________________________


(1)	The sublimit availability for letters of credit was $113.9 million and $87.3 million at February 1, 2014 and February 2, 2013, respectively.

PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid Expenses (Tables)

12 Months Ended

Feb. 01, 2014

PREPAID EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

Prepaid expenses and other current assets are comprised of the following (in thousands):



	February 1, 2014		February 2, 2013
Prepaid property expense	$	20,933	$	21,789
Prepaid income taxes	3,930		9,617
Prepaid maintenance contracts	3,124		4,493
Prepaid insurance	2,582		2,471
Other	3,013		2,557
Prepaid expenses and other current assets	$	33,582	$	40,927

COMMITMENTS AND CONTINGENCIES Sublease (Tables)

12 Months Ended

Feb. 01, 2014

COMMITMENTS AND CONTINGENCIES [Abstract]

Schedule of Rent Expense [Table Text Block]



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Minimum rentals	168,112		166,022		162,761
Additional rent based upon sales	943		1,270		1,059
Sublease income	(1,138	)	(369	)	(106	)

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]



	Minimum Operating Lease Payments
2014	$	159,276
2015	144,353
2016	130,813
2017	114,743
2018	97,048
Thereafter	297,149
Total minimum lease payments	$	943,382

INCOME TAXES Taxes by Country (Tables)

12 Months Ended

Feb. 01, 2014

INCOME TAXES [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
U.S.	$	36,487	$	36,948	$	47,101
Foreign	40,061		52,747		57,652
Total	$	76,548	$	89,695	$	104,753

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]



	Fiscal Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Current -
Federal	$	13,240		$	7,575		$	6,984
State	4,371			5,230			6,462
Foreign	9,463			11,674			14,693
Total current	27,074			24,479			28,139
Deferred -
Federal	(1,513		)	3,045			1,542
State	(731		)	(762		)	1,590
Foreign	(1,308		)	(310		)	(863		)
Total deferred	(3,552		)	1,973			2,269
Tax provision as shown on the consolidated statements of operations	$	23,522		$	26,452		$	30,408
Effective tax rate	30.7		%	29.5		%	29.0		%

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]



	Fiscal Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Calculated income tax provision at federal statutory rate	$	26,792		$	31,393		$	36,664
State income taxes, net of federal benefit	2,366			2,904			5,234
Foreign tax rate differential	(7,224		)	(9,044		)	(7,064		)
Deemed repatriation of foreign income and reversals thereof	—			—			(870		)
Nondeductible expenses	1,792			1,611			1,373
Unrecognized tax benefit	(1,347		)	(743		)	(3,729		)
Change in valuation allowance	447			1,395			—
Other	696			(1,064		)	(1,200		)
Total tax provision	$	23,522		$	26,452		$	30,408

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]



	February 1, 2014			February 2, 2013
Current –
Assets
Inventory	1,067			1,538
Reserves	13,256			12,376
Total current assets	14,323			13,914
Liabilities-prepaid expenses	(3,464		)	(4,200		)
Total current, net	10,859			9,714
Noncurrent –
Property and equipment	18,446			18,519
Deferred rent	14,325			13,598
Equity compensation	6,792			4,401
Reserves and other	6,243			7,160
Net operating loss carryover and other tax credits	1,842			1,395
Capital loss carryover	1,560			1,560
Total noncurrent, gross	49,208			46,633
Valuation allowance	(3,402		)	(2,955		)
Net noncurrent	45,806			43,678
Total deferred tax asset, net	$	56,665		$	53,392

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]



	February 1, 2014			February 2, 2013
Beginning Balance	$	5,919		$	6,935
Additions for current year tax positions	490			475
Additions for prior year tax positions	349			100
Reductions for prior year tax positions	(54		)	(158		)
Settlements	(851		)	(39		)
Reductions due to a lapse of the applicable statute of limitations	(1,441		)	(1,394		)
	$	4,412		$	5,919

SEGMENT INFORMATION (Tables)

12 Months Ended

Feb. 01, 2014

Segment Reporting [Abstract]

Schedule of segment level financial information



	Fiscal Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Net sales:
The Children’s Place U.S.	$	1,528,276		$	1,557,549		$	1,489,795
The Children’s Place International (1)	237,513			251,937			226,067
Total net sales	$	1,765,789		$	1,809,486		$	1,715,862
Gross profit:
The Children’s Place U.S.	$	558,156		$	584,081		$	553,755
The Children’s Place International	97,365			107,359			105,894
Total gross profit	$	655,521		$	691,440		$	659,649
Gross Margin:
The Children’s Place U.S.	36.5		%	37.5		%	37.2		%
The Children’s Place International	41.0		%	42.6		%	46.8		%
Total gross margin	37.1		%	38.2		%	38.4		%
Operating income:
The Children’s Place U.S. (2)	$	60,267		$	68,346		$	76,531
The Children’s Place International (4)(5)	16,016			21,369			28,912
Total operating income	$	76,283		$	89,715		$	105,443



Operating income as a percent of net sales:
The Children’s Place U.S.	3.9		%	4.4		%	5.1		%
The Children’s Place International	6.7		%	8.5		%	12.8		%
Total operating income	4.3		%	5.0		%	6.1		%
Depreciation and amortization:
The Children’s Place U.S. (3)	$	55,595		$	65,066		$	64,788
The Children’s Place International (5)	9,263			12,369			9,785
Total depreciation and amortization	$	64,858		$	77,435		$	74,573
Capital expenditures:
The Children’s Place U.S.	$	64,486		$	75,945		$	66,690
The Children’s Place International	8,120			14,237			13,074
Total capital expenditures	$	72,606		$	90,182		$	79,764


13.	SEGMENT INFORMATION (Continued)


(1)	Net sales from The Children's Place International are primarily derived from revenues from Canadian operations.

(2)


(3)	Includes approximately $7.7 million of accelerated depreciation associated with the closure of the Northeast DC for Fiscal 2012.


(4)	Includes a $4.2 million impairment charge for Fiscal 2013.

(5) Includes accelerated depreciation associated with the remodel of certain Canadian stores of approximately $1.6 million for Fiscal 2012.

Reconciliation of Assets from Segment to Consolidated [Table Text Block]



	February 1, 2014		February 2, 2013
Total assets:
The Children’s Place U.S.	$	824,893	$	746,911
The Children’s Place International	165,737		176,499
Total assets	$	990,630	$	923,410

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]

The Company's long-lived assets are located in the following countries:



	February 1, 2014		February 2, 2013
Long-lived assets (1):
United States	$	283,059	$	294,123
Canada	31,046		39,571
Asia	1,399		803
Total long-lived assets	$	315,504	$	334,497

Quarterly Financial Information Disclosure [Abstract]

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.

+ References+ Details

QUARTERLY FINANCIAL DATA Quarterly Financial Data (Tables)

12 Months Ended

Feb. 01, 2014

Feb. 02, 2013

Schedule of Quarterly Financial Information [Table Text Block]



	Fiscal Year Ended February 1, 2014
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter (1)
Net sales	$	423,164		$	382,448		$	492,680	$	467,497
Gross profit	163,268			126,182			201,761		164,310
Selling, general and administrative expenses	119,008			124,408			123,521		118,716
Asset impairment charges	—			21,766			—		7,867
Other costs (income)	(1,023		)	61			200		(144		)
Depreciation and amortization	16,824			15,593			16,473		15,968
Operating income (loss)	28,459			(35,646		)	61,567		21,903
Income (loss) before income taxes	28,519			(35,646		)	61,649		22,026
Provision (benefit) for income taxes	9,247			(12,010		)	19,910		6,375
Net income (loss)	19,272			(23,636		)	41,739		15,651

Diluted earnings (loss) per share	$	0.83		$	(1.05	)	$	1.84	$	0.69
Diluted weighted average common shares outstanding	23,289			22,514			22,628		22,652



	Fiscal Year Ended February 2, 2013
	First Quarter		Second Quarter			Third Quarter		Fourth Quarter (1)
Net sales	$	438,508	$	360,826		$	500,928	$	509,224
Gross profit	178,645		114,705			209,533		188,557
Selling, general and administrative expenses	122,283		120,671			131,875		136,089
Asset impairment charges	1,250		280			539		215
Other costs (income)	834		3,062			570		6,622
Depreciation and amortization	17,218		17,482			23,023		19,712
Operating income (loss)	37,060		(26,790		)	53,526		25,919
Income (loss) before income taxes	37,009		(26,820		)	53,503		26,003
Provision (benefit) for income taxes	12,275		(8,896		)	16,198		6,875
Net income (loss)	24,734		(17,924		)	37,305		19,128

Diluted earnings (loss) per share	$	1.00	$	(0.74	)	$	1.54	$	0.80
Diluted weighted average common shares outstanding	24,691		24,249			24,293		23,789

____________________________________________


14.	QUARTERLY FINANCIAL DATA (UNAUDITED) (Continued)

(1)

BASIS OF PRESENTATION (Details) (USD $)
Share data in Thousands, unless otherwise specified

3 Months Ended

12 Months Ended

Feb. 02, 2013

Oct. 27, 2012

Jul. 28, 2012

Apr. 28, 2012

Jan. 28, 2012

Oct. 29, 2011

Jul. 30, 2011

Apr. 30, 2011

Feb. 01, 2014

Feb. 02, 2013

Jan. 28, 2012

Stock awards

Property, Plant, and Equipment, Fair Value Disclosure

$ 3,100,000

$ 2,900,000

$ 44,400,000

$ 3,100,000

$ 2,900,000

Dilutive effect of stock awards

7,867,000

^[1]

21,766,000

215,000

^[2]

539,000

280,000

1,250,000

29,633,000

2,284,000

2,208,000

298

184

209

Antidilutive stock awards

Deferred Revenue, Current

700,000

1,800,000

700,000

Self Insurance Reserve, Current

7,800,000

7,100,000

7,800,000

Amortization of Financing Costs

(144,000)

200,000

61,000

(1,023,000)

(906,000)

11,088,000

(2,000,000)

(2,400,000)

(2,000,000)

Deferred Finance Costs, Net

1,600,000

1,300,000

1,600,000

Pre-Opening Costs

3,300,000

4,000,000

5,900,000

Advertising Expense

33,800,000

37,100,000

37,400,000

Foreign Currency Transaction Gain (Loss), before Tax

500,000

100,000

Vesting period (in years)

1,107,000

1 year

3 years

Maximum percentage of Target Shares that can be earned by the participants (as a percent)

200.00%

Deferred Compensation Plan

Maximum percentage of base salary elected to be deferred (as a percent)

80.00%

Maximum percentage of bonus elected to be deferred (as a percent)

100.00%

Maximum period over which annual installments of deferred payments are made (in years)

Deferred compensation plan liability

700,000

300,000

700,000

Cash Surrender Value of Life Insurance

700,000

300,000

700,000

Deferred compensation - Company stock

(1,119,000)

(1,575,000)

(1,119,000)

Self Insurance Reserve, Noncurrent

4,400,000

5,500,000

4,400,000

Sales Returns and Allowances, Goods

1,800,000

2,300,000

Revenue Recognition, Gift Cards, Breakage

1,500,000

1,200,000

loyaltypoints [Member]

Stock awards

Deferred Revenue, Current

3,000,000

5,400,000

3,000,000

deferredrevfranchisees [Member]

Stock awards

Deferred Revenue, Current

$ 600,000

$ 900,000

$ 600,000

[1]	{F\|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjI1NzIwM2I1ZmVhNjQ4NzdiYWJhYjAyOGY4NmQ5MjQ4fFRleHRTZWxlY3Rpb246NEJCMjM2MUJBMTcwMThEQUFEODNFODBBQ0UzOEExQTkM}
[2]	{F\|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjI1NzIwM2I1ZmVhNjQ4NzdiYWJhYjAyOGY4NmQ5MjQ4fFRleHRTZWxlY3Rpb246QjAyQzhDRjRBRkUyNTU3MjJFQTRFODBBQ0UzOEU4RjYM}

BASIS OF PRESENTATION (Details 2) (USD $)	3 Months Ended				12 Months Ended
BASIS OF PRESENTATION (Details 2) (USD $)	Feb. 02, 2013	Oct. 27, 2012	Jul. 28, 2012	Apr. 28, 2012	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Property, Plant, and Equipment, Fair Value Disclosure	$ 3,100,000				$ 44,400,000	$ 3,100,000	$ 2,900,000
Accruedexitcosts	8,376,000				2,679,000	8,376,000	0
Deferred Revenue, Current	700,000				1,800,000	700,000
Business Exit Costs	(144,000)	200,000	61,000	(1,023,000)	(906,000)	11,088,000	0
Paymentsanadjustments					(4,791,000)	(2,712,000)
Number of Stores					1,107,000
Accumulated Amortization, Deferred Finance Costs	(2,000,000)				(2,400,000)	(2,000,000)
Document Period End Date					Feb. 01, 2014
Onetimetermbenefits [Member]
Accruedexitcosts	0				0	0	0
Business Exit Costs					0	447,000
Paymentsanadjustments					0	(447,000)
loyaltypoints [Member]
Deferred Revenue, Current	3,000,000				5,400,000	3,000,000
EastCoastDC [Member]
Business Exit Costs	6,600,000					7,700,000
deferredrevfranchisees [Member]
Deferred Revenue, Current	600,000				900,000	600,000
Leasetermcosts [Domain]
Accruedexitcosts	8,376,000				2,679,000	8,376,000	0
Business Exit Costs					(1,413,000)	7,968,000
Paymentsanadjustments					(4,284,000)	408,000
Otherassociatedexitcosts [Domain]
Business Exit Costs					507,000	2,673,000
Otherassociatedcosts [Domain]
Accruedexitcosts	0				0	0	0
Paymentsanadjustments					$ (507,000)	$ (2,673,000)

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation.

+ References+ Details

STOCKHOLDERS' EQUITY (Details) (USD $)	12 Months Ended			1 Months Ended	12 Months Ended													2 Months Ended	12 Months Ended
STOCKHOLDERS' EQUITY (Details) (USD $)	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012	Aug. 31, 2010 2010 Share Repurchase Program	Feb. 01, 2014 2010 Share Repurchase Program	Feb. 02, 2013 2010 Share Repurchase Program	Jan. 28, 2012 2010 Share Repurchase Program	Feb. 01, 2014 2011 Share Repurchase Program	Feb. 02, 2013 2011 Share Repurchase Program	Jan. 28, 2012 2011 Share Repurchase Program	Feb. 01, 2014 2012 $50 Share Repurchase Program [Member] [Member]	Feb. 02, 2013 2012 $50 Share Repurchase Program [Member] [Member]	Feb. 01, 2014 2012 $100 Share Repurchase Program [Member] [Member] [Member]	Feb. 02, 2013 2012 $100 Share Repurchase Program [Member] [Member] [Member]	Feb. 01, 2014 Retained Earnings [Member]	Feb. 02, 2013 Retained Earnings [Member]	Jan. 28, 2012 Retained Earnings [Member]	Mar. 26, 2013 2012 $100 Share Repurchase Program [Member] [Member] [Member]	Feb. 01, 2014 2012 $100 Share Repurchase Program [Member] [Member] [Member]	Feb. 01, 2014 2008 Credit Agreement 2014 Amendment [Member]
STOCKHOLDERS' EQUITY
Stock Repurchased and Retired During Period, Value					$ 0	$ 0	$ (10,102,000)	$ 0	$ (19,236,000)	$ (80,764,000)	$ 0	$ (50,000,000)	$ (65,691,000)	$ (19,638,000)	$ (53,145,000)	$ (73,020,000)	$ (75,171,000)	$ (10,500,000)	$ (95,800,000)
Line of Credit Facility, Maximum Borrowing Capacity	150,000,000	150,000,000																		200,000,000
Shares repurchases related to:
Amount authorized				100,000,000				100,000,000			50,000,000		100,000,000
Shares repurchased (in shares)	(1,298,000)	(1,800,000)	(1,944,000)		0	0	213,000	0	377,000	1,712,000	0	1,001,000	1,296,000	420,000				200,000
Number of shares exchanged in payment of withholding taxes (in shares)	2,089	2,200	18,793
Share-based compensation withholding tax payments	139,000	146,000	891,000
Treasury Stock, Shares, Acquired	9,000	10,000	14,000
Treasury Stock, Value, Acquired, Cost Method	456,000	521,000	598,000
Number of shares deferred into deferred compensation plan (in shares)	9,000	10,000	14,000
Shares deferred into deferred compensation plan, aggregate cost	456,000	521,000	598,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 14,700,000

STOCK-BASED COMPENSATION (Details) (USD $)

12 Months Ended

Feb. 01, 2014

Feb. 02, 2013

Jan. 28, 2012

Feb. 01, 2014

Restricted stock

Feb. 02, 2013

Restricted stock

Jan. 28, 2012

Restricted stock

Feb. 01, 2014

Performance awards

Feb. 02, 2013

Performance awards

Jan. 28, 2012

Performance awards

Jan. 28, 2012

Stock Option Plans

Jan. 31, 2009

Stock Option Plans

Feb. 01, 2014

Cost of Sales [Member]

Feb. 02, 2013

Cost of Sales [Member]

Jan. 28, 2012

Cost of Sales [Member]

Stock-based compensation expense

$ 900,000

$ 1,300,000

$ 2,700,000

$ (188,000)

^[1]

Shares Paid for Tax Withholding for Share Based Compensation

2,089

2,200

18,793

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

1,209,826,000

Total stock- based compensation expense

21,210,000

^[2]

14,253,000

^[2]

9,286,000

^[2]

12,873,000

11,109,000

9,109,000

8,337,000

3,144,000

177,000

2,800,000

1,700,000

1,300,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value

800,000

1,600,000

2,900,000

351,000

$ 8,500,000

$ 5,600,000

$ 3,700,000

[1]	he aggregate intrinsic value of options exercised was approximately $0.9 million, $1.3 million and $2.7 million for Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively.
[2]	A portion of stock-based compensation is included in cost of sales. Approximately $2.8 million, $1.7 million and $1.3 million in Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively, were included in cost of sales. All other stock-based compensation is included in selling, general & administrative expense.

STOCK-BASED COMPENSATION (Details 2) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified

12 Months Ended

Feb. 01, 2014

Feb. 02, 2013

Jan. 28, 2012

Jan. 31, 2009

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation minimum target

0.00%

Vesting period (in years)

$ 21,210,000

^[1]

$ 14,253,000

^[1]

$ 9,286,000

^[1]

1 year

3 years

Maximum percentage of Target Shares that can be earned by the participants (as a percent)

200.00%

Deferred and Performance Awards

Weighted Average Grant Date Fair Value

Net shares in excess (less) than target

Options outstanding at the beginning of the period (in shares)

^[2]

154

^[2]

Exercised (in shares)

(49)

(68)

(188)

Options outstanding at the end of the period (in shares)

^[2]

154

^[2]

Options outstanding at the beginning of the period (in dollars per share)

$ 30.08

$ 30.98

Options outstanding at the end of the period (in dollars per share)

$ 30.08

$ 30.98

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term

3 years 9 months 12 days

Weighted Average Remaining Contractual Life (in years)

Options outstanding at the beginning of the period (in dollars per share)

$ 30.08

$ 30.98

Options outstanding at the beginning of the period (in dollars)

1,600,000

2,900,000

Exercised (in dollars)

900,000

1,300,000

2,700,000

Options outstanding at the end of the period (in dollars)

800,000

1,600,000

2,900,000

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit

$ 42.15

Weighted avg fair value, shares in excess (less) than target

$ 0.00

Increased stock-based compensation due to performance revisions.

2,200,000

Stock Option Plans

Options outstanding at the beginning of the period (in shares)

154

Exercised (in shares)

(49)

^[3]

(68)

^[3]

Options outstanding at the end of the period (in shares)

(1)

(2)

154

Granted (in shares)

^[4]

154

^[4]

Options outstanding at the beginning of the period (in dollars per share)

$ 30.08

$ 30.98

$ 33.93

Exercised (in dollars per share)

$ 31.06

$ 32.03

$ 36.21

Forfeited (in dollars per share)

$ 27.11

$ 12.07

$ 37.09

Options outstanding at the end of the period (in dollars per share)

$ 28.77

$ 30.08

$ 30.98

$ 33.93

Granted (in dollars per share)

$ 0

Weighted Average Remaining Contractual Life (in years)

Options outstanding at the beginning of the period (in dollars per share)

$ 30.08

$ 30.98

$ 33.93

Options outstanding at the beginning of the period (in dollars)

351,000

Exercised (in dollars)

(188,000)

^[3]

Forfeited (in dollars)

(9,000)

Options outstanding at the end of the period (in dollars)

351,000

Deferred and Restricted Stock (Deferred Awards) Member

Deferred and Performance Awards

Unvested awards at the beginning of the period (in shares)

560

406

356

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

395

518

334

Vested (in shares)

(205)

^[5]

198

^[5]

186

^[5]

Unvested awards at the end of the period (in shares)

(59)

166

691

560

406

356

Weighted Average Grant Date Fair Value

Unvested awards at the beginning of the period (in dollars per share)

$ 49.53

$ 47.96

$ 36.91

Granted (in shares)

$ 48.93

$ 49.06

$ 50.76

Vested (in dollars per share)

$ 49.46

$ 45.33

$ 34.23

Forfeited (in dollars per share)

$ 48.82

$ 49.22

$ 43.49

Unvested awards at the end of the period (in dollars per share)

$ 49.27

$ 49.53

$ 47.96

$ 36.91

Unrecognized stock-based compensation expense (in dollars)

21,300,000

Weighted average period for recognition of unrecognized stock-based compensation expense (in years)

2 years 4 months 12 days

Restricted stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

12,873,000

11,109,000

9,109,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value

9,800,000

10,000,000

8,600,000

Performance awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Unvested awards at the beginning of the period (in shares)

8,337,000

3,144,000

177,000

Deferred and Performance Awards

172

151

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

204

230

227

Vested (in shares)

(95)

144

Unvested awards at the end of the period (in shares)

(14)

267

172

151

Weighted Average Grant Date Fair Value

Unvested awards at the beginning of the period (in dollars per share)

$ 48.59

$ 46.08

$ 25.16

Granted (in shares)

$ 47.89

$ 48.51

$ 51.45

Vested (in dollars per share)

$ 49.84

$ 45.79

$ 24.10

Forfeited (in dollars per share)

$ 47.55

$ 47.37

$ 52.49

Unvested awards at the end of the period (in dollars per share)

$ 47.67

$ 48.59

$ 46.08

$ 25.16

Net shares in excess (less) than target

(13)

(198)

Unrecognized stock-based compensation expense (in dollars)

4,000,000

Weighted average period for recognition of unrecognized stock-based compensation expense (in years)

1 year 11 months 12 days

Weighted avg fair value, shares in excess (less) than target

$ 51.40

$ 51.26

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value

5,000,000

100,000

7,100,000

Exercise Price Range Three [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit

$ 31.89

Options exercisable (in dollars per share)

$ 37.41

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term

10 months 12 days

Exercise Price Range Two [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit

$ 22.02

Options exercisable (in dollars per share)

$ 28.53

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term

3 years 10 months 12 days

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit

$ 31.63

Cost of Sales [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

$ 2,800,000

$ 1,700,000

$ 1,300,000

[1]	A portion of stock-based compensation is included in cost of sales. Approximately $2.8 million, $1.7 million and $1.3 million in Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively, were included in cost of sales. All other stock-based compensation is included in selling, general & administrative expense.
[2]	he aggregate intrinsic value of options outstanding and exercisable at the end of Fiscal 2013, Fiscal 2012 and Fiscal 2011 was approximately $0.8 million, $1.6 million and $2.9 million, respectively.
[3]	he aggregate intrinsic value of options exercised was approximately $0.9 million, $1.3 million and $2.7 million for Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively.
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[5]	n Fiscal 2013, Fiscal 2012 and Fiscal 2011, the Company withheld shares of 2,089, 2,200 and 18,793, respectively, to satisfy minimum withholding tax requirements. These shares were immediately retired.

PROPERTY AND EQUIPMENT (Details) (USD $)

3 Months Ended

12 Months Ended

Feb. 02, 2013

Oct. 27, 2012

Jul. 28, 2012

Apr. 28, 2012

Jan. 28, 2012

Oct. 29, 2011

Jul. 30, 2011

Apr. 30, 2011

Feb. 01, 2014

Feb. 02, 2013

Jan. 28, 2012

numberofstorestestedforimpairment

1,045

920

1,066

1,045

920

net book value

$ 175,300,000

$ 141,500,000

$ 156,900,000

$ 175,300,000

$ 141,500,000

Less accumulated depreciation and amortization

(513,855,000)

(466,836,000)

(513,855,000)

Property and equipment, net

330,101,000

312,149,000

330,101,000

Number of underperforming stores

7,867,000

^[1]

21,766,000

215,000

^[2]

539,000

280,000

1,250,000

29,633,000

2,284,000

2,208,000

127

netbookvauepartiallyimpairedstores

2,200,000

fullyimpairedstores

106

partiallyimpairedstores

Payments for Software

19,500,000

12,900,000

18,700,000

Payments to Develop Software

8,700,000

3,800,000

4,900,000

Capitalized Computer Software, Amortization

7,000,000

7,400,000

7,800,000

Property and equipment, outstanding

10,200,000

Land and land improvements

3,403,000

Building and improvements

20-25 yrs

35,548,000

Material handling equipment

10-15 yrs

48,346,000

48,345,000

48,346,000

Leasehold improvements

3-15 yrs

391,311,000

350,451,000

391,311,000

Store fixtures and equipment

3-10 yrs

265,030,000

234,151,000

265,030,000

Capitalized software

5-7 yrs

65,885,000

63,874,000

65,885,000

Construction in progress

34,433,000

43,213,000

34,433,000

storeimpairment [Member]

20,500,000

ITimpairment [Member]

9,100,000

sgawritedown [Member]

$ 1,200,000

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CREDIT FACILITY (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Feb. 01, 2014

Feb. 02, 2013

Deferred financing costs, remaining unamortized balance

Sublimit availability

$ 113.9

$ 87.3

1.3

1.6

Letter of credit fees

0.2

Line of Credit Facility, Maximum Borrowing Capacity

150.0

Line of credit facility, current borrowing capacity

150.0

Outstanding borrowings

Utilization of credit facility at end of period

11.1

37.7

Availability

138.9

^[1]

112.3

^[1]

Interest rate at end of period (as a percent)

3.80%

^[2]

3.80%

^[2]

Average loan balance during the period

Highest end of day loan balance during the period

10.4

1.1

Average interest rate (as a percent)

3.80%

4.00%

Merchandise Letters of Credit

Letters of credit outstanding

1.2

27.1

Standby Letters of Credit

Letters of credit outstanding

9.9

10.6

Credit Agreement

Letters of Credit sublimit

125

Borrowing capacity, accordion feature

Committed Portion Of Accordian Feature

Line of credit facility, unused line fee percentage (as a percent)

0.25%

Deferred financing costs gross

3.7

Deferred financing costs, remaining unamortized balance

1.3

Line of Credit Facility, Maximum Borrowing Capacity

150.0

Credit Agreement | Prime rate

Basis spread on variable rate, low end of range (as a percent)

0.50%

Basis spread on variable rate, high end of range (as a percent)

0.75%

Credit Agreement | LIBOR

Basis spread on variable rate, low end of range (as a percent)

1.50%

Basis spread on variable rate, high end of range (as a percent)

1.75%

Debt Instrument, Description of Variable Rate Basis

one, two, three or six

Credit Agreement | Merchandise Letters of Credit

Letters of credit facility fee, low end of range (as a percent)

0.75%

Letters of credit facility fee, high end of range (as a percent)

0.875%

Credit Agreement | Standby Letters of Credit

Letters of credit facility fee, low end of range (as a percent)

1.00%

Letters of credit facility fee, high end of range (as a percent)

1.25%

Credit Agreement [Member]

Deferred financing costs gross

0.4

2008 Credit Agreement 2014 Amendment [Member]

Letters of Credit sublimit

Borrowing capacity, accordion feature

Deferred financing costs gross

Line of Credit Facility, Maximum Borrowing Capacity

$ 200.0

[1]	The sublimit availability for letters of credit was $113.9 million and $87.3 million at February 1, 2014 and February 2, 2013, respectively.
[2]	.

INTEREST INCOME (EXPENSE), NET (Details) (USD $)
In Thousands, unless otherwise specified

12 Months Ended

Feb. 01, 2014

Feb. 02, 2013

Jan. 28, 2012

Components of interest income (expense), net

Interest income

$ 1,123

$ 988

$ 959

Tax-exempt interest income

Total interest income

1,123

988

966

Less:

Interest expense - credit facilities

120

146

196

Unused line fee

305

422

881

Amortization of deferred financing costs

364

472

^[1]

Other interest and fees

107

^[1]

Total interest expense

858

1,008

1,656

Interest (expense), net

$ 265

$ (20)

$ (690)

[1]

Fiscal Year Ended February 1, 2014 February 2, 2013 January 28, 2012Interest income$1,123 $988 $959Tax-exempt interest income— — 7Total interest income1,123 988 966 Less: Interest expense – credit facilities120 146 196Unused line fee305 422 881Amortization of deferred financing fees364 364 472Other interest and fees69 76 107Total interest expense858 1,008 1,656Interest expense (income), net$265 $(20) $(690)

PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid Expenses (Details) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
PREPAID EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]
Prepaid property expense	$ 20,933	$ 21,789
Prepaid income taxes	3,930	9,617
Prepaid maintenance contracts	3,124	4,493
Prepaid insurance	2,582	2,471
Other	3,013	2,557
Prepaid expenses and other current assets	$ 33,582	$ 40,927

Amount of asset related to consideration paid in advance for insurance that provides economic benefits within a future period of one year or the normal operating cycle, if longer.

+ References+ Details

Operating Loss Carryforwards [Line Items]

Amount of asset related to consideration paid in advance for income and other taxes that provide economic benefits within a future period of one year or the normal operating cycle, if longer.

+ References+ Details

ACCRUED EXPENSES AND OTHER CURRENT LIABILTIES Accrued Expenses and Other Current Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Accrued Expenses [Abstract]
Customer liabilities	$ 31,247	$ 28,147
Accrued salaries and benefits	27,597	28,901
Sales taxes and other taxes payable	6,689	7,805
Accrued store expenses	8,410	4,950
Accrued real estate expenses	7,172	6,000
Accrued construction-in-progress	8,277	4,251
Short Term Exit Costs Accual	941	3,637
Accrued insurance	4,676	4,594
Accrued marketing	5,075	1,324
Accrued freight	5,267	1,918
Accrued professional fees	2,369	1,428
Other	11,938	8,631
Accrued expenses and other current liabilities	$ 119,658	$ 101,586

COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Operating Leased Assets [Line Items]
Minimum rentals	$ 168,112,000	$ 166,022,000	$ 162,761,000
Additional rent based upon sales	943,000	1,270,000	1,059,000
Sublease income	(1,138,000)	(369,000)	(106,000)
2012	159,276,000
2013	144,353,000
2014	130,813,000
2015	114,743,000
2016	97,048,000
Thereafter	297,149,000
Total minimum lease payments	943,382,000
Purchase Commitment, Description	3300
Severance Benefits Non-change in Control	6,100,000
Severance Benefits Change in Control	22,900,000
Purchase Commitments Construction [Member]
Operating Leased Assets [Line Items]
Unrecorded Unconditional Purchase Obligation	25,700,000
New Stores Executed Leases [Member]
Operating Leased Assets [Line Items]
Executed Operating Leases	11
Purchase Commitments Merchandise [Member]
Operating Leased Assets [Line Items]
Unrecorded Unconditional Purchase Obligation	$ 310,000,000

INCOME TAXES (Details) (USD $)

3 Months Ended

12 Months Ended

Feb. 02, 2013

Oct. 27, 2012

Jul. 28, 2012

Apr. 28, 2012

Jan. 28, 2012

Oct. 29, 2011

Jul. 30, 2011

Apr. 30, 2011

Feb. 01, 2014

Feb. 02, 2013

Jan. 28, 2012

U.S.

$ 36,487,000

$ 36,948,000

$ 47,101,000

Foreign

40,061,000

52,747,000

57,652,000

Income (loss) from continuing operations before income taxes

22,026,000

^[1]

61,649,000

(35,646,000)

28,519,000

26,003,000

^[2]

53,503,000

(26,820,000)

37,009,000

76,548,000

89,695,000

104,753,000

Federal

13,240,000

7,575,000

6,984,000

State

4,371,000

5,230,000

6,462,000

Foreign

9,463,000

11,674,000

14,693,000

Total current

27,074,000

24,479,000

28,139,000

Federal

(1,513,000)

3,045,000

1,542,000

State

(731,000)

(762,000)

1,590,000

Foreign

(1,308,000)

(310,000)

(863,000)

Total deferred

(3,552,000)

1,973,000

2,269,000

Total tax provision

6,375,000

^[1]

19,910,000

(12,010,000)

9,247,000

6,875,000

^[2]

16,198,000

(8,896,000)

12,275,000

23,522,000

26,452,000

30,408,000

Effective tax rate from continuing operations (as a percent)

30.70%

29.50%

29.00%

Deferred Income Taxes, Current –

Calculated income tax provision at federal statutory rate

26,792,000

31,393,000

36,664,000

State income taxes, net of federal benefit

2,366,000

2,904,000

5,234,000

Foreign tax rate differential

(7,224,000)

(9,044,000)

(7,064,000)

Deemed repatriation of foreign income and reversals thereof

(870,000)

Nondeductible expenses

1,792,000

1,611,000

1,373,000

Unrecognized tax expense (benefit)

1,347,000

743,000

3,729,000

Foreign tax credits

447,000

1,395,000

Other

696,000

(1,064,000)

(1,200,000)

Total tax provision

6,375,000

^[1]

19,910,000

(12,010,000)

9,247,000

6,875,000

^[2]

16,198,000

(8,896,000)

12,275,000

23,522,000

26,452,000

30,408,000

Assets

Inventory

1,538,000

1,067,000

1,538,000

Reserves

12,376,000

13,256,000

12,376,000

Total current assets

13,914,000

14,323,000

13,914,000

Liabilities-prepaid expenses

(4,200,000)

(3,464,000)

(4,200,000)

Total current assets

9,714,000

10,859,000

9,714,000

Noncurrent –

Property and equipment

18,519,000

18,446,000

18,519,000

Deferred rent

13,598,000

14,325,000

13,598,000

Equity compensation

4,401,000

6,792,000

4,401,000

Reserves and other

7,160,000

6,243,000

7,160,000

Net Operating Loss Carryover

1,395,000

1,842,000

1,395,000

Capital loss carryover

1,560,000

Total noncurrent, gross

46,633,000

49,208,000

46,633,000

Valuation allowance

(2,955,000)

(3,402,000)

(2,955,000)

Net noncurrent

43,678,000

45,806,000

43,678,000

Total deferred tax asset, net

53,392,000

56,665,000

53,392,000

Impact of Becoming Permanently Reinvested

6,900,000

Impact of Becoming Permanently Reinvested Related to Prior Year

900,000

Capital loss carryover

3,900,000

Deferred Tax Assets, Operating Loss Carryforwards, Foreign

2,700,000

Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax

1,200,000

Undistributed Earnings of Foreign Subsidiaries

201,300,000

Beginning Balance

6,935,000

5,919,000

6,935,000

Additions for current year tax positions

490,000

475,000

Additions for prior year tax positions

349,000

100,000

Reductions for prior year tax positions

(54,000)

(158,000)

Settlements

(851,000)

(39,000)

Reductions due to a lapse of the applicable statute of limitations

(1,441,000)

(1,394,000)

Unrecognized Tax Benefits, Ending Balance

5,919,000

6,935,000

4,412,000

5,919,000

6,935,000

Unrecognized Tax Benefits that Would Impact Effective Tax Rate

4,600,000

Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit

1,800,000

Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued

1,900,000

1,400,000

1,900,000

Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense

$ 400,000

$ 200,000

$ 800,000

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SAVINGS AND INVESTMENT PLANS SAVINGS AND INVESTMENT PLANS (Details) (USD $)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Defined Benefit Plan Disclosure [Line Items]
First Three Percent of Company Match	3.00%
Fifty Percent of Next Two Percent Company Match	50.00%
Next Two Percent of Company Match	2.00%
Highly Compensated 401k Match	50.00%
Highly Compensated 2.5 Percent Match	2.50%
Highly Compensated Vest Years	$ 5
Defined Benefit Plan, Contributions by Employer	2,200,000	2,000,000	1,800,000
Deferred Compensation Arrangements Maximum Percentage of Base Salary	80.00%
Deferred Compensation Arrangements Maximum Percentage of Bonus	100.00%
Maximum period over which annual installments of deferred payments are made (in years)	15
Deferred compensation plan liability	300,000	700,000
Cash Surrender Value of Life Insurance	300,000	700,000
Common Stock Issued, Employee Trust, Deferred	(1,575,000)	(1,119,000)
Foreign Plan Contributions [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer	$ 300,000	$ 200,000

SEGMENT INFORMATION (Details) (USD $)

3 Months Ended

12 Months Ended

Feb. 02, 2013

Oct. 27, 2012

Jul. 28, 2012

Apr. 28, 2012

Jan. 28, 2012

Oct. 29, 2011

Jul. 30, 2011

Apr. 30, 2011

Feb. 01, 2014

Feb. 02, 2013

Jan. 28, 2012

Percentage of entity-wide sales qualifying purchaser as major customer (as a percent)

$ 7,867,000

^[1]

$ 0

$ 21,766,000

$ 0

$ 215,000

^[2]

$ 539,000

$ 280,000

$ 1,250,000

$ 29,633,000

$ 2,284,000

$ 2,208,000

10.00%

Total Gross Margin (as a percent)

1,107,000

Net sales:

Total net sales

467,497,000

^[1]

492,680,000

382,448,000

423,164,000

509,224,000

^[2]

500,928,000

360,826,000

438,508,000

1,765,789,000

^[3]

1,809,486,000

^[3]

1,715,862,000

^[3]

Gross Profit:

Gross Profit

164,310,000

^[1]

201,761,000

126,182,000

163,268,000

188,557,000

^[2]

209,533,000

114,705,000

178,645,000

655,521,000

691,440,000

659,649,000

Gross Margin:

37.10%

38.20%

38.40%

Operating income (loss):

Total operating income (loss)

21,903,000

^[1]

61,567,000

(35,646,000)

28,459,000

25,919,000

^[2]

53,526,000

(26,790,000)

37,060,000

76,283,000

89,715,000

105,443,000

Operating income (loss) as a percent of net sales:

Total operating income (loss) (as a percent)

4.32005%

4.95804%

6.14519%

15,968,000

^[1]

16,473,000

15,593,000

16,824,000

19,712,000

^[2]

23,023,000

17,482,000

17,218,000

64,858,000

77,435,000

74,573,000

Total capital expenditures

72,606,000

90,182,000

79,764,000

(144,000)

200,000

61,000

(1,023,000)

(906,000)

11,088,000

Total assets:

Total assets

923,410,000

990,630,000

923,410,000

Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile

334,497,000

^[4]

315,504,000

^[4]

334,497,000

^[4]

The Children's Place U.S.

25,400,000

2,100,000

Severance Costs

4,200,000

3,900,000

Total Gross Margin (as a percent)

966

974

966

Net sales:

Total net sales

1,528,276,000

^[3]

1,557,549,000

^[3]

1,489,795,000

^[3]

Gross Profit:

Gross Profit

558,156,000

584,081,000

553,755,000

Gross Margin:

36.50%

37.50%

37.20%

Operating income (loss):

Total operating income (loss)

60,267,000

68,346,000

76,531,000

^[5]

Operating income (loss) as a percent of net sales:

Total operating income (loss) (as a percent)

3.94346%

4.38805%

5.13702%

55,595,000

65,066,000

64,788,000

Total capital expenditures

64,486,000

75,945,000

66,690,000

Total assets:

Total assets

746,911,000

824,893,000

746,911,000

Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile

294,123,000

^[4]

283,059,000

^[4]

294,123,000

^[4]

The Children's Place Canada [Member]

4,200,000

Total Gross Margin (as a percent)

129

133

129

Net sales:

Total net sales

237,513,000

^[3]

251,937,000

^[3]

226,067,000

^[3]

Gross Profit:

Gross Profit

97,365,000

107,359,000

105,894,000

Gross Margin:

41.00%

42.60%

46.80%

Operating income (loss):

Total operating income (loss)

16,016,000

21,369,000

28,912,000

Operating income (loss) as a percent of net sales:

Total operating income (loss) (as a percent)

6.74321%

8.48188%

12.78913%

9,263,000

12,369,000

9,785,000

Total capital expenditures

8,120,000

14,237,000

13,074,000

Total assets:

Total assets

176,499,000

165,737,000

176,499,000

Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile

39,571,000

^[4]

31,046,000

^[4]

39,571,000

^[4]

The Children's Place Asia [Member] [Member]

Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile

803,000

^[4]

1,399,000

^[4]

803,000

^[4]

EastCoastDCSeveranceOther [Member]

7,900,000

Severance Costs

2,000,000

EastCoastDC [Member]

6,600,000

7,700,000

Depreciation, Depletion and Amortization

2,000,000

accelerateddepreciation [Member]

Selling, general and administrative expenses

$ 1,600,000

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[3]	)
[4]	Geographic InformationThe Company's long-lived assets are located in the following countries: February 1, 2014 February 2, 2013Long-lived assets (1): United States $283,059 $294,123Canada 31,046 39,571Asia 1,399 803Total long-lived assets $315,504 $334,497____________________________________________(1)The Company's long-lived assets are comprised of net property and equipment and other assets
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QUARTERLY FINANCIAL DATA Quarterly Financial Data (Details) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Feb. 02, 2013

Oct. 27, 2012

Jul. 28, 2012

Apr. 28, 2012

Jan. 28, 2012

Oct. 29, 2011

Jul. 30, 2011

Apr. 30, 2011

Feb. 01, 2014

Feb. 02, 2013

Jan. 28, 2012

Net sales

$ 467,497,000

^[1]

$ 492,680,000

$ 382,448,000

$ 423,164,000

$ 509,224,000

^[2]

$ 500,928,000

$ 360,826,000

$ 438,508,000

$ 1,765,789,000

^[3]

$ 1,809,486,000

^[3]

$ 1,715,862,000

^[3]

Gross profit

164,310,000

^[1]

201,761,000

126,182,000

163,268,000

188,557,000

^[2]

209,533,000

114,705,000

178,645,000

655,521,000

691,440,000

659,649,000

118,716,000

^[1]

123,521,000

124,408,000

119,008,000

136,089,000

^[2]

131,875,000

120,671,000

122,283,000

485,653,000

510,918,000

477,425,000

Depreciation and amortization

7,867,000

^[1]

21,766,000

215,000

^[2]

539,000

280,000

1,250,000

29,633,000

2,284,000

2,208,000

15,968,000

^[1]

16,473,000

15,593,000

16,824,000

19,712,000

^[2]

23,023,000

17,482,000

17,218,000

64,858,000

77,435,000

74,573,000

Operating income (loss)

21,903,000

^[1]

61,567,000

(35,646,000)

28,459,000

25,919,000

^[2]

53,526,000

(26,790,000)

37,060,000

76,283,000

89,715,000

105,443,000

Income (loss) from continuing operations before income taxes

22,026,000

^[1]

61,649,000

(35,646,000)

28,519,000

26,003,000

^[2]

53,503,000

(26,820,000)

37,009,000

76,548,000

89,695,000

104,753,000

Provision (benefit) for income taxes

6,375,000

^[1]

19,910,000

(12,010,000)

9,247,000

6,875,000

^[2]

16,198,000

(8,896,000)

12,275,000

23,522,000

26,452,000

30,408,000

Income (loss) from continuing operations

15,651,000

^[1]

41,739,000

(23,636,000)

19,272,000

19,128,000

^[2]

37,305,000

(17,924,000)

24,734,000

Diluted earnings (loss) per share from continuing operations

$ 0

^[1]

$ 1.84

$ (1.05)

$ 0.83

$ 0.80

^[2]

$ 1.54

$ 0

$ 1.00

$ 2.32

$ 2.61

$ 2.90

Diluted weighted average common shares outstanding (in shares)

22,652

22,628

22,514

23,289

23,789

24,293

24,249

24,691

22,835

24,276

25,668

State

4,371,000

5,230,000

6,462,000

(144,000)

200,000

61,000

(1,023,000)

(906,000)

11,088,000

Share-based Compensation

21,210,000

14,253,000

9,286,000

EastCoastDC [Member]

Depreciation, Depletion and Amortization

6,600,000

7,700,000

$ 2,000,000

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[3]	)

SUBSEQUENT EVENTS (Details) (USD $) Share data in Thousands, except Per Share data, unless otherwise specified	0 Months Ended	3 Months Ended				12 Months Ended			2 Months Ended	12 Months Ended	0 Months Ended
	Apr. 17, 2014	Feb. 02, 2013	Oct. 27, 2012	Jul. 28, 2012	Apr. 28, 2012	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012	Mar. 26, 2013 2012 $100 Share Repurchase Program [Member] [Member] [Member]	Feb. 01, 2014 2012 $100 Share Repurchase Program [Member] [Member] [Member]	Mar. 03, 2014 2014 Share Repurchase Program [Member] [Member]	Feb. 01, 2014 2008 Credit Agreement 2014 Amendment [Member]
Subsequent Events
Stock Repurchased and Retired During Period, Shares						(1,298)	(1,800)	(1,944)	200
Value of shares repurchased									$ 10,500,000	$ 95,800,000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.1325
Share repurchase											100,000,000
Business Exit Costs		(144,000)	200,000	61,000	(1,023,000)	(906,000)	11,088,000	0
Line of Credit Facility, Maximum Borrowing Capacity		150,000,000				150,000,000	150,000,000					200,000,000
Letters of Credit Maximum Borrowing Capacity												50,000,000
Line Of Credit Facility Accordion Borrowing Capacity												$ 25,000,000