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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.