The Theory Utility pants feature a flattering high-rise silhouette with a belted waistband and a tailored wide-leg design for a refined fit. The Theory Utility pants feature a flattering high-rise silhouette with a belted waistband and a tailored wide-leg design for a refined fit. Established in 1997, New York-based Theory creates cool, expertly tailored clothing from the finest materials designed to inspire how you feel, work, and live.