Segments

3 Months Ended

Apr. 30, 2014

Segment Reporting [Abstract]

Segments

Note 6 – Segments

The Company’s reportable segments are business units that offer products through different channels of distribution and are managed separately. The Company has three reportable segments; licensed products, non-licensed products and retail operations. The G.H. Bass business was added to the retail operations segment upon its acquisition in November 2013. There is substantial intersegment cooperation, cost allocations and sharing of assets between the licensed and non-licensed products segments. As a result, the Company does not represent that these segments, if operated independently, would report the operating results set forth in the table below. The following information, in thousands, is presented for the three month periods indicated below:

	Three Months Ended April 30, 2014
	Licensed		Non-Licensed		Retail			Elimination (1)			Total
Net sales	$	216,715	$	67,749	$	95,633		$	(13,905	)	$	366,192
Cost of goods sold		155,791		43,462		50,667			(13,905	)		236,015
Gross profit		60,924		24,287		44,966			-			130,177
Selling, general and administrative		49,478		21,220		51,743			-			122,441
Depreciation and amortization		854		1,978		1,395			-			4,227
Operating profit (loss)	$	10,592	$	1,089	$	(8,172	)	$	-		$	3,509

	Three Months Ended April 30, 2013
	Licensed		Non-Licensed			Retail		Elimination (1)			Total
Net sales	$	180,507	$	60,689		$	45,250	$	(13,831	)	$	272,615
Cost of goods sold		130,302		41,495			22,211		(13,785	)		180,223
Gross profit		50,205		19,194			23,039		(46	)		92,392
Selling, general and administrative		46,257		19,298			20,335		(62	)		85,828
Depreciation and amortization		485		1,940			696		-			3,121
Operating profit (loss)	$	3,463	$	(2,044	)	$	2,008	$	16		$	3,443

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

The total assets for each of the Company’s reportable segments are as follow:

	April 30,
	2014		2013
	(In thousands)
Licensed	$	342,418	$	320,911
Non-Licensed		233,294		216,306
Retail		144,300		61,123
Corporate		83,123		65,885
Total Assets	$	803,135	$	664,225