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Segments

3 Months Ended

Apr. 30, 2018

Segment Reporting [Abstract]

Note 7 – Segments

The Company’s reportable segments are business units that offer products through different channels of distribution. The Company has two reportable segments: wholesale operations and retail operations. The wholesale operations segment includes sales of products under brands licensed by the Company from third parties, as well as sales of products under the Company’s own brands and private label brands. Wholesale sales and revenues from license agreements related to the Donna Karan, DKNY, G.H. Bass, Andrew Marc and Vilebrequin businesses are included in the wholesale operations segment. The retail operations segment consists primarily of the Wilsons Leather, G.H. Bass and DKNY stores, as well as a limited number of Calvin Klein Performance and Karl Lagerfeld Paris stores. Sales through the Company’s owned websites are also included in the retail operations segment.

The following information, in thousands, is presented for the three month periods indicated below:

		Three Months Ended April 30, 2018
		Wholesale				Retail				Elimination ⁽¹⁾				Total
Net sales		$	527,673			$	104,519			$	(20,449	)		$	611,743
Cost of goods sold			341,575				56,090				(20,449	)			377,216
Gross profit			186,098				48,429				—				234,527
Selling, general and administrative			136,413				65,658				—				202,071
Depreciation and amortization			7,136				2,244				—				9,380
Operating profit (loss)		$	42,549			$	(19,473	)		$	—			$	23,076

		Three Months Ended April 30, 2017
		Wholesale				Retail				Elimination ⁽¹⁾				Total
Net sales ⁽²⁾		$	453,313			$	99,185			$	(23,456	)		$	529,042
Cost of goods sold			298,300				52,482				(23,456	)			327,326
Gross profit			155,013				46,703				—				201,716
Selling, general and administrative			130,160				67,251				—				197,411
Depreciation and amortization			6,385				3,453				—				9,838
Operating profit (loss)		$	18,468			$	(24,001	)		$	—			$	(5,533	)

⁽¹⁾

Represents intersegment sales to the Company’s retail operations.

⁽²⁾

Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.

The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows:

		April 30, 2018				April 30, 2017				January 31, 2018
		(In thousands)
Wholesale		$	1,655,714			$	1,459,142			$	1,554,191
Retail			211,475				205,024				215,568
Corporate			173,374				139,622				145,418
Total Assets		$	2,040,563			$	1,803,788			$	1,915,177