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Inventories
6 Months Ended
Jul. 31, 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 comprise 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 $36.2 million, $39.4 million and $20.8 million as of July 31, 2018, January 31, 2018 and July 31, 2017, respectively. The inventory return asset is recorded within prepaid expenses and other current assets as of July 31, 2018 and within inventories as of January 31, 2018 and July 31, 2017.