SEGMENTS

12 Months Ended

Jan. 31, 2020

Segments [Abstract]

SEGMENTS

NOTE M — 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 the Company’s owned, licensed and private label brands, as well as sales related to the Vilebrequin business. Wholesale revenues also include revenues from license agreements related to our owned trademarks including DKNY, Donna Karan, Vilebrequin, G.H. Bass and Andrew Marc. The retail operations segment consists primarily of direct sales to consumers through Company-operated stores, consisting primarily of Wilsons Leather, G.H. Bass and DKNY stores, substantially all of which are operated as outlet stores, as well as a smaller number of Karl Lagerfeld Paris and Calvin Klein Performance stores. Sales through the Company’s owned websites, with the exception of Vilebrequin, are also included in the retail operations segment.

The following segment information, in thousands, is presented for the fiscal years ended:

	January 31, 2020
	Wholesale		Retail		Elimination (1)		Total
Net sales	$	2,862,889	$	385,910	$	(88,335)	$	3,160,464
Cost of goods sold		1,925,062		205,797		(88,335)		2,042,524
Gross profit		937,827		180,113		—		1,117,940
Selling, general and administrative expenses		604,377		227,803		—		832,180
Depreciation and amortization		30,806		7,929		—		38,735
Asset impairments, net of gain on lease terminations		412		18,959		—		19,371
Operating profit (loss)	$	302,232	$	(74,578)	$	—	$	227,654

	January 31, 2019
	Wholesale		Retail		Elimination (1)		Total
Net sales	$	2,716,958	$	476,764	$	(117,514)	$	3,076,208
Cost of goods sold		1,837,335		249,278		(117,514)		1,969,099
Gross profit		879,623		227,486		—		1,107,109
Selling, general and administrative expenses		570,290		264,473		—		834,763
Depreciation and amortization		29,644		9,175		—		38,819
Asset impairments		—		2,813		—		2,813
Operating profit (loss)	$	279,689	$	(48,975)	$	—	$	230,714

	January 31, 2018
	Wholesale		Retail		Elimination (1)		Total
Net sales	$	2,454,008	$	502,494	$	(149,564)	$	2,806,938
Cost of goods sold		1,650,084		251,679		(149,564)		1,752,199
Gross profit		803,924		250,815		—		1,054,739
Selling, general and administrative expenses		571,164		284,083		—		855,247
Depreciation and amortization		27,679		10,104		—		37,783
Asset impairments		2,310		5,574		—		7,884
Operating profit (loss)	$	202,771	$	(48,946)	$	—	$	153,825

(1) Represents intersegment sales to the Company’s retail operations segment.

The Company allocates overhead to its business segments on various bases, which include units shipped, space utilization, inventory levels, and relative sales levels, among other factors. The method of allocation has been applied consistently on a year-to-year basis.

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

	January 31,		January 31,
	2020		2019
	(In thousands)
Wholesale	$	1,912,175	$	1,834,610
Retail		272,832		190,996
Corporate		380,130		182,452
Total Assets	$	2,565,137	$	2,208,058

The total net sales and long-lived assets by geographic region are as follows:

	2020				2019				2018
			Long-Lived				Long-Lived				Long-Lived
Geographic Region	Net Sales		Assets		Net Sales		Assets		Net Sales		Assets
United States	$	2,774,492	$	964,476	$	2,656,479	$	762,444	$	2,466,107	$	770,128
Non-United States		385,972		231,973		419,729		191,719		340,831		185,448
	$	3,160,464	$	1,196,449	$	3,076,208	$	954,163	$	2,806,938	$	955,576

Capital expenditures for locations outside of the United States totaled $4.6 million, $4.3 million and $3.7 million for the years ended January 31, 2020, 2019 and 2018, respectively.