XML 25 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Inventories
3 Months Ended
Apr. 30, 2018
Inventory Disclosure [Abstract]  
Inventories

Note 3 – Inventories

 

Substantially all of the Company’s inventories consist of finished goods. Wholesale inventories are stated at the lower of cost (determined by the first-in, first-out method) or net realizable value, which comprises a significant portion of the Company’s inventory. Retail inventories are valued at the lower of cost or market as determined by the retail inventory method. Vilebrequin inventories are stated at the lower of cost (determined by the weighted average method) or net realizable value.

 

The inventory return asset, which consists of the amount of goods that are anticipated to be returned by customers, represented $39.4 million as of April 30, 2018 and January 31, 2018 and $25.3 million as of April 30, 2017. The inventory return asset is recorded under prepaid expenses and other current assets as of April 30, 2018 and under inventories as of January 31, 2018 and April 30, 2017.