ACQUISITIONS AND INTANGIBLES (Tables) - DKI

12 Months Ended

Jan. 31, 2017

Business Acquisition [Line Items]

Schedule of total consideration paid for acquisition

Initial Purchase Price	$	650,000
plus: 338(h)(10) tax election adjustment		33,500
plus: aggregate adjustments to purchase price		26,278
Minus: LVMH Note discount		(40,000)
Total consideration	$	669,778

Schedule of components of preliminary purchase price allocation for acquisition of Vilebrequin

(In thousands)
Cash and cash equivalents	$	44,375
Accounts receivable		13,235
Inventories		10,933
Prepaid expenses & other current assets		19,533
Property, plant and equipment		15,760
Goodwill		220,649
Tradenames		370,000
Other intangibles		40,000
Other long-term assets		2,703
Total assets acquired		737,188
Accounts payable		(21,436)
Accrued expense		(38,900)
Income taxes payable		(3,443)
Other long-term liabilities		(3,631)
Total liabilities assumed		(67,410)
Total fair value of acquisition consideration (net of  $40 million imputed debt discount)	$	669,778

Schedule of reconciliation of cash paid for the acquisition

Purchase price	$	669,778
Minus cash acquired and non-cash consideration
Cash acquired		(44,375)
Note issued to LVMH, net of discount		(85,000)
Common Stock issued to LVMH		(75,000)
Cash disbursed for the acquisition of DKI	$	(465,403)

Schedule of pro forma consolidated results of operations

	Year Ended January 31,
	2017(1)			2016
	(unaudited, in thousands)
Net sales		$	2,601,181		$	2,840,741
Net income			7,000			61,089
Earnings per share:
Basic		$	0.14		$	1.26
Diluted			0.14			1.23

(1)     Includes nonrecurring pro forma adjustments directly attributable to the business combination consisting of the reversal of  $7.8 million of professional fees and the reversal of severance expenses of $3.9 million.

Schedule of intangible assets

​	​	January 31,
​	Estimated Life	2017			2016
​	​	(In thousands)
Gross carrying amounts	​	​			​
Licenses	14 years​	​	$	18,846	​	$	19,074
Trademarks	8 – 12 years​	​	​	2,194	​	​	2,194
Customer relationships	8 – 17 years​	​	​	48,071	​	​	8,163
Other	3 – 10 years​	​	​	4,387	​	​	4,975
Subtotal	​	​	​	73,498	​	​	34,406
Accumulated amortization	​	​	​	(24,921)	​	​	(23,540)
	​	​	​	48,577	​	​	10,866
Unamortized intangible assets	​	​			​
Goodwill	​	​	​	269,262	​	​	49,437
Trademarks	​	​	​	435,395	​	​	67,200
Subtotal	​	​	​	704,657	​	​	116,637
Total intangible assets, net	​	​	$	753,234	​	$	127,503

Schedule of changes in amounts of goodwill

	Wholesale			Retail			Total
January 31, 2015		$	51,414		$	716		$	52,130
Currency translation			(2,693)			—			(2,693)
January 31, 2016			48,721			716			49,437
Acquisition			220,649			—			220,649
Currency translation			(824)			—			(824)
January 31, 2017		$	268,546		$	716		$	269,262

Schedule of estimated intangible amortization expense

Year Ending January 31,	Amortization Expense
	(In thousands)
2018		$	4,329
2019			3,967
2020			3,828
2021			3,286
2022			3,076