XML 24 R9.htm IDEA: XBRL DOCUMENT v3.19.1
INVENTORIES
12 Months Ended
Jan. 31, 2019
Inventory Disclosure [Abstract]  
Inventories

NOTE C — INVENTORIES

 

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. Substantially all of the Company’s inventories consist of finished goods.

 

The inventory return asset, which consists of the amount of goods that are anticipated to be returned by customers, represented $42.4 million and $39.4 million at January 31, 2019 and 2018, respectively. The inventory return asset is recorded within prepaid expenses and other current assets as of January 31, 2019 and within inventories as of January 31, 2018.

 

Inventory held on consignment by the Company’s customers totaled $4.9 million at January 31, 2019 and $3.3 million at January 31, 2018. The Company retains the title to its inventory stored at its customers’ facilities.