XML 21 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Retail Restructuring
3 Months Ended
Apr. 30, 2021
Retail Restructuring [Abstract]  
Retail Restructuring

Note 2 – Retail Restructuring

In fiscal 2021, the Company restructured its retail operations segment, including the closing of the Wilsons Leather, G.H. Bass and Calvin Klein Performance stores. Restructuring charges are recorded within selling, general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive income. The following is a reconciliation of the accrual for the quarter ended April 30, 2021:

    

Severance and Benefit Costs

    

Store Closing Costs

    

Total

(In thousands)

Balance at January 31, 2021

$

154

$

681

$

835

Amounts charged to expense

Cash payments

(141)

(538)

(679)

Balance at April 30, 2021

$

13

$

143

$

156

The remaining severance and benefit costs and store closing costs are expected to be paid during the second quarter of fiscal 2022.