Segments

9 Months Ended

Oct. 31, 2014

Segment Reporting [Abstract]

Segments

Note 6 – Segments

The Company’s reportable segments are business units that offer products through different channels of distribution. 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 and nine month periods indicated below:

	Three Months Ended October 31, 2014
	Licensed		Non-Licensed		Retail			Elimination (1)			Total
Net sales	$	542,094	$	180,041	$	130,101		$	(39,906	)	$	812,330
Cost of goods sold		367,723		117,362		71,899			(39,906	)		517,078
Gross profit		174,371		62,679		58,202			—			295,252
Selling, general and administrative		90,054		28,937		57,392			—			176,383
Depreciation and amortization		1,284		2,227		2,078			—			5,589
Operating profit (loss)	$	83,033	$	31,515	$	(1,268	)	$	—		$	113,280

	Three Months Ended October 31, 2013
	Licensed		Non-Licensed		Retail		Elimination (1)			Total
Net sales	$	504,910	$	123,995	$	55,395	$	(15,598	)	$	668,702
Cost of goods sold		348,790		81,021		27,544		(15,598	)		441,757
Gross profit		156,120		42,974		27,851		—			226,945
Selling, general and administrative		76,995		24,516		23,946		—			125,457
Depreciation and amortization		538		1,715		905		—			3,158
Operating profit	$	78,587	$	16,743	$	3,000	$	—		$	98,330

	Nine Months Ended October 31, 2014
	Licensed		Non-Licensed		Retail			Elimination (1)			Total
Net sales	$	1,012,739	$	336,330	$	324,522		$	(71,059	)	$	1,602,532
Cost of goods sold		708,193		214,699		176,929			(71,059	)		1,028,762
Gross profit		304,546		121,631		147,593			—			573,770
Selling, general and administrative		194,582		74,329		161,522			—			430,433
Depreciation and amortization		3,307		6,350		5,113			—			14,770
Operating profit (loss)	$	106,657	$	40,952	$	(19,042	)	$	—		$	128,567

	Nine Months Ended October 31, 2013
	Licensed		Non-Licensed		Retail		Elimination (1)			Total
Net sales	$	887,871	$	253,823	$	141,742	$	(37,960	)	$	1,245,476
Cost of goods sold		626,841		167,062		70,711		(37,960	)		826,654
Gross profit		261,030		86,761		71,031		—			418,822
Selling, general and administrative		171,748		63,679		64,902		—			300,329
Depreciation and amortization		1,598		5,531		2,394		—			9,523
Operating profit	$	87,684	$	17,551	$	3,735	$	—		$	108,970

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

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

	October 31,
	2014		2013
	(In thousands)
Licensed	$	610,570	$	503,838
Non-Licensed		324,939		335,390
Retail		198,579		101,902
Corporate		90,313		63,470
Total Assets	$	1,224,401	$	1,004,600