View Filing Data

576,383

553,323

Prepaid income taxes

8,308

15,058

Investments in unconsolidated affiliates

96,933

51,014

Total current assets

1,253,895

959,601

66,587

62,422

Property and equipment, net

86,407

97,857

Other assets, net

35,459

32,478

Other intangibles, net

42,404

46,405

22,427

11,439

Trademarks

439,742

442,265

Goodwill

261,137

262,710

Total assets

2,208,058

1,915,177

Current liabilities

Income tax payable

8,859

19,748

Accounts payable

225,499

232,364

Customer refund liability

102,841

95,055

243,589

Total current liabilities

580,788

347,167

Notes payable, net of discount and unamortized issuance costs

386,604

391,044

Deferred income tax liabilities, net

15,128

15,888

Other non-current liabilities

36,529

40,389

Total liabilities

1,019,049

794,488

Stockholders' Equity

Preferred stock; 1,000 shares authorized; no shares issued

Common stock - $0.01 par value; 120,000 shares authorized; 49,387 and 49,219 shares issued, respectively

264

245

Additional paid-in capital

464,112

451,844

Accumulated other comprehensive loss

(15,194)

(5,522)

Common stock held in treasury, at cost - 678 and 106 shares, respectively

758,881

674,542

(19,054)

(420)

Total stockholders' equity

1,189,009

1,120,689

Total liabilities and stockholders' equity

$ 2,208,058

$ 1,915,177

[1]	Also, net of accrued returns of $61.2 million and sales discounts of $102.1 million

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts, accrued returns and sales discounts on accounts receivable (in dollars)	$ 2.1	$ 0.9
Accrued returns	61.2
Sales discounts	$ 102.1
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	49,219,000	49,387,000
Treasury stock, shares	106,000	678,000

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Jan. 31, 2019

Jan. 31, 2018

Jan. 31, 2017

Income Statement [Abstract]

$ 3,076,208

^[1]

$ 2,806,938

$ 2,386,435

^[1]

1,969,099

1,752,199

1,545,107

1,107,109

1,054,739

841,328

834,763

855,247

704,436

38,819

37,783

32,481

2,813

7,884

10,480

Interest and financing charges, net

230,714

153,825

93,931

Other income (loss)

(2,960)

(1,413)

(580)

(43,924)

(42,363)

(15,589)

Income before income taxes

183,830

110,049

77,762

Net income per common share

45,763

47,925

25,824

Net income (loss)

$ 138,067

$ 62,124

$ 51,938

Basic:

$ 2.81

$ 1.27

$ 1.12

Weighted average number of shares outstanding (in shares)

49,140

48,820

46,308

Diluted:

Net income per common share

$ 2.75

$ 1.25

$ 1.10

Weighted average number of shares outstanding (in shares)

50,274

49,750

47,394

Foreign currency translation adjustments

$ 138,067

$ 62,124

$ 51,938

Other comprehensive income:

(9,672)

22,200

(4,033)

Other comprehensive income (loss)

(9,672)

22,200

(4,033)

Comprehensive income

$ 128,395

$ 84,324

$ 47,905

[1]	Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Common Stock Held in Treasury	Total
Balance at beginning of period at Jan. 31, 2016	$ 229	$ 353,750	$ (23,689)	$ 560,480	$ (2,643)	$ 888,127
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity awards exercised/vested, net	(2)	(892)			1,153	259
Share-based compensation expense		16,901				16,901
Taxes paid for net share settlements		(6,956)				(6,956)
Shares issued to LVMH in connection with the DKI Acquisition	26	74,974				75,000
Effect of exchange rate changes						(4,033)
Other comprehensive loss, net			(4,033)			(4,033)
Net income				51,938		51,938
Balance at end of period at Jan. 31, 2017	253	437,777	(27,722)	612,418	(1,490)	1,021,236
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity awards exercised/vested, net	(8)	516			1,070	1,578
Share-based compensation expense		19,665				19,665
Taxes paid for net share settlements		(6,114)				(6,114)
Effect of exchange rate changes						22,200
Other comprehensive loss, net			22,200			22,200
Net income				62,124		62,124
Balance at end of period at Jan. 31, 2018	245	451,844	(5,522)	674,542	(420)	1,120,689
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity awards exercised/vested, net	19	(1,595)			1,677	101
Share-based compensation expense		19,694				19,694
Taxes paid for net share settlements		(5,738)				(5,738)
Effect of exchange rate changes						(9,672)
Repurchases of common stock					(20,311)	(20,311)
Other comprehensive loss, net						(9,672)
Other comprehensive loss		(93)	(9,672)			(9,765)
Net income				138,067		138,067
Balance at end of period at Jan. 31, 2019	$ 264	$ 464,112	$ (15,194)	758,881	$ (19,054)	1,189,009
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption of ASC 606				$ (53,728)		$ (53,728)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Cash flows from operating activities
Net income	$ 138,067	$ 62,124	$ 51,938
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	38,819	37,783	32,481
Asset impairments	2,813	7,884	10,480
Dividend received from unconsolidated affiliate		3,575
Equity loss in unconsolidated affiliates	1,543	454	27
Share-based compensation	19,694	19,665	16,901
Deferred financing charges and debt discount amortization	10,052	10,890	5,157
Deferred income taxes	5,404	4,078	(7,319)
Loss on disposal of fixed assets	128	2,922	3,201
Changes in operating assets and liabilities:
Accounts receivable, net	(207,877)	(29,947)	(29,310)
Inventories	(23,568)	(68,775)	12,633
Income taxes, net	(3,866)	11,284	14,233
Prepaid expenses and other current assets	(47,959)	(3,877)	(6,300)
Other assets, net	(6,237)	10,991	(10,863)
Customer refund liabilities	177,144
Accounts payable, accrued expenses and other liabilities	(328)	10,683	12,436
Net cash provided by operating activities	103,829	79,734	105,695
Cash flows from investing activities
Capital expenditures	(29,205)	(34,507)	(24,928)
Investment in unconsolidated affiliates	(9,951)	(49)	(35,432)
Return of capital from unconsolidated affiliate	1,470
Proceeds from sale of a retail store	354	644
Acquisition, net of cash acquired			(465,403)
Net cash used in investing activities	(37,332)	(33,912)	(525,763)
Cash flows from financing activities
Proceeds from term loan, net			283,204
Repayment of borrowings - revolving facility	(2,315,935)	(2,018,892)	(413,282)
Proceeds from borrowings - revolving facility	2,303,932	1,939,774	524,748
Repayment of borrowings - old revolving credit facility			(20,344)
Proceeds from exercise of equity awards	101	1,578	260
Purchase of treasury shares	(20,311)
Taxes paid for net share settlements	(5,738)	(6,114)	(6,955)
Net cash provided by (used in) financing activities	(37,951)	(83,654)	367,631
Foreign currency translation adjustments	(4,184)	3,651	(193)
Net increase (decrease) in cash and cash equivalents	24,362	(34,181)	(52,630)
Cash and cash equivalents at beginning of period	45,776	79,957	132,587
Cash and cash equivalents at end of period	70,138	45,776	79,957
Cash payments:
Interest, net	35,807	31,644	21,773
Income tax payments, net	$ 44,045	$ 32,934	18,915
Non-cash investing and financing activities:
Shares of common stock issued to LVMH in connection with the acquisition of DKI			75,000
Note issued to LVMH in connection with the acquisition of DKI			$ 125,000

SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jan. 31, 2019

SIGNIFICANT ACCOUNTING POLICIES

NOTE A — SIGNIFICANT ACCOUNTING POLICIES

A summary of the significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:

1. Business Activity and Principles of Consolidation

As used in these financial statements, the term “Company” or “G-III” refers to G-III Apparel Group, Ltd. and its subsidiaries. The Company designs, sources and markets an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage. The Company also operates retail stores and licenses its proprietary brands under several product categories.

The Company consolidates the accounts of all its wholly-owned and majority-owned subsidiaries. KL North America B.V. (“KLNA”) and Fabco Holding B.V. (“Fabco”) are Dutch limited liability companies that are joint ventures that are 49% owned by the Company. Karl Lagerfeld Holding B.V. (“KLH”), formerly known as Kingdom Holdings 1 B.V., is a Dutch limited liability company that is 19% owned by the Company. These investments are accounted for using the equity method of accounting. All material intercompany balances and transactions have been eliminated.

Vilebrequin International SA (“Vilebrequin”), a Swiss corporation that is wholly-owned by the Company, KLH, KLNA and Fabco report results on a calendar year basis rather than on the January 31 fiscal year basis used by the Company. Accordingly, the results of Vilebrequin, KLH, KLNA and Fabco are, and will be, included in the financial statements for the year ended or ending closest to the Company’s fiscal year. For example, with respect to the Company’s results for the year ended January 31, 2019, the results of Vilebrequin, KLH, KLNA and Fabco are included for the year ended December 31, 2018. The Company’s retail operations segment reports results on a 52/53‑week fiscal year. The Company’s years ended January 31, 2019 and 2017 were both 52‑week fiscal years for the retail operations segment. The Company’s year ended January 31, 2018 was a 53‑week fiscal year for the retail operations segment. For fiscal 2019, 2018 and 2017, the retail operations segment year end was February 2, 2019, February 3, 2018 and January 28, 2017, respectively.

2. Cash Equivalents

The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.

3. Revenue Recognition

On February 1, 2018, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) Topic 606 – Revenue From Contracts With Customers (“ASC 606”) using the modified retrospective method as of January 31, 2018. Under ASC 606, wholesale revenue is recognized when control transfers to the customer. The Company considers control to have been transferred when the Company has transferred physical possession of the product, the Company has a right to payment for the product, the customer has legal title to the product and the customer has the significant risks and rewards of the product. Wholesale revenues are adjusted by variable considerations arising from implicit or explicit obligations. Variable consideration includes trade discounts, end of season markdowns, sales allowances, cooperative advertising, return liabilities and other customer allowances. Under ASC 606, the Company estimates the anticipated variable consideration and records this estimate as a reduction of revenue in the period the related product revenue is recognized. Prior to adopting ASC 606, certain components of variable consideration were recorded at a later date when the liability was known or incurred.

Variable consideration is estimated based on historical experience, current contractual and statutory requirements, specific known events and industry trends. The reserves for variable consideration are recorded under customer refund liabilities. Customer refund liabilities were recorded as a reduction to accounts receivable prior to the adoption of ASC 606. Historical return rates are calculated on a product line basis. The remainder of the historical rates for variable consideration are calculated by customer by product lines.

The Company recognizes retail sales when the customer takes possession of the goods and tenders payment, generally at the point of sale. E-commerce revenues from customers through the Company’s e-commerce platforms are recognized when the customer takes possession of the goods. The Company’s sales are recorded net of applicable sales taxes.

Both wholesale revenues and retail store revenues are shown net of returns, discounts and other allowances. Under ASC 606, the Company now classifies cooperative advertising as a reduction of net sales. Previously, cooperative advertising was recorded in selling, general and administrative expenses.

Royalty revenue is recognized at the higher of royalty earned or guaranteed minimum royalty.

4. Accounts Receivable

In the normal course of business, the Company extends credit to its wholesale customers based on pre-defined credit criteria. Accounts receivable are net of an allowance for doubtful accounts. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligation (such as in the case of bankruptcy filings, extensive delay in payment or substantial downgrading by credit sources), a specific reserve for bad debts is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected. For all other wholesale customers, an allowance for doubtful accounts is determined through analysis of the aging of accounts receivable at the date of the financial statements, assessments of collectability based on historical trends and an evaluation of the impact of economic conditions.

Estimated costs associated with trade discounts, advertising allowances, markdowns, and reserves for returns are reflected as a reduction of net sales. Under ASC 606, all of these reserves, which constitute variable consideration, are classified as current liabilities under “Customer refund liabilities”. Prior to ASC 606, these reserves were part of the allowances netted against accounts receivable. The Company reserves against known chargebacks, as well as for an estimate of potential future deductions by customers. These provisions result from seasonal negotiations with the Company’s customers as well as historical deduction trends, net of historical recoveries and the evaluation of current market conditions.

5. Inventories

Wholesale inventories are stated at the lower of cost (determined by the first-in, first-out method) or net realizable value, which comprises a significant portion of the Company’s inventory. Retail inventories are valued at the lower of cost or market as determined by the retail inventory method. Vilebrequin inventories are stated at the lower of cost (determined by the weighted average method) or net realizable value.

6. Goodwill and Other Intangibles

Goodwill represents the excess of purchase price over the fair value of net assets acquired in business combinations accounted for under the purchase method of accounting. Goodwill and certain intangible assets deemed to have indefinite lives are not amortized, but are subject to annual impairment tests using a qualitative evaluation or a quantitative test combining a discounted cash flow analysis and a market approach. Other intangibles with finite lives, including license agreements, trademarks and customer lists are amortized on a straight-line basis over the estimated useful lives of the assets (currently ranging from 5 to 17 years). Impairment charges, if any, on intangible assets with finite lives are recorded when indicators of impairment are present and the discounted cash flows estimated to be derived from those assets are less than the carrying amounts of the assets.

In fiscal 2018, the Company wrote off goodwill of $0.7 million related to the retail operations segment, as a result of the performance of the retail operations segment.

7. Depreciation and Amortization

Property and equipment are recorded at cost. Depreciation and amortization are computed by the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the life of the lease or the useful life of the improvement, whichever is shorter.

8. Impairment of Long-Lived Assets

In accordance with ASC Topic 360 – Property, Plant and Equipment, the Company annually evaluates the carrying value of its long-lived assets to determine whether changes have occurred that would suggest that the carrying amount of such assets may not be recoverable based on the estimated future undiscounted cash flows of the businesses to which the assets relate. Any impairment would be equal to the amount by which the carrying value of the assets exceeded its fair value.

In fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of its Wilsons, G.H. Bass and DKNY stores as a result of the performance at these stores.

In fiscal 2018, the Company recorded a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of its Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores. In addition, the Company recorded a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores.

In fiscal 2017, the Company recorded a $10.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of its Wilsons and G.H. Bass stores as a result of the performance at these stores.

9. Income Taxes

The Company accounts for income taxes and uncertain tax positions in accordance with ASC Topic 740 — Income Taxes (“ASC 740”). ASC 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a return, as well as guidance on de-recognition, classification, interest and penalties and financial statement reporting disclosures. Deferred income taxes reflect the tax effects of temporary differences between the carrying values of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (“TCJA”) was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017, a new taxation on foreign earnings called Global Intangible Low Taxed Income (“GILTI”), and the new Base Erosion Anti-Abuse Tax (“BEAT”).

10. Net Income Per Common Share

Basic net income per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock unit awards and stock options outstanding during the period. Approximately 336,000, 466,000 and 384,000 shares for the years ended January 31, 2019, 2018 and 2017, respectively, have been excluded from the diluted net income per share calculation. In addition, all share based payments outstanding that vest based on the achievement of performance and/or market price conditions, and for which the respective performance and/or market price conditions have not been achieved, have been excluded from the diluted per share calculation. The Company issued 168,179, 201,968 and 194,618 shares of common stock in connection with the exercise or vesting of equity awards during the years ended January 31, 2019, 2018 and 2017, respectively. In addition, the Company re-issued 150,809 and 270,083 treasury shares in connection with the vesting of equity awards in fiscal 2019 and fiscal 2018, respectively.

The following table reconciles the numerators and denominators used in the calculation of basic and diluted net income per share:


	Year Ended January 31,
	2019		2018		2017
	(In thousands, except per share amounts)
Net income	$	138,067	$	62,124	$	51,938
Basic net income per share:
Basic common shares		49,140		48,820		46,308
Basic net income per share	$	2.81	$	1.27	$	1.12

Diluted net income per share:
Basic common shares		49,140		48,820		46,308
Diluted restricted stock awards and stock options		1,134		930		1,086
Diluted common shares		50,274		49,750		47,394
Diluted net income per share	$	2.75	$	1.25	$	1.10

11. Equity Award Compensation

ASC Topic 718, Compensation — Stock Compensation, requires all share-based payments to employees, including grants of restricted stock unit awards and employee stock options, to be recognized as compensation expense over the service period (generally the vesting period) based on their fair values.

The Company accounts for forfeited awards as they occur as permitted by Accounting Standard Update (“ASU”) 2016-09. Ultimately, the actual expense recognized over the vesting period will be for those shares that vested. Restricted stock unit awards generally vest over a two to five year period and certain awards also include (i) market price performance conditions that provide for the award to vest only after the average closing price of the Company’s stock trades above a predetermined market level and (ii) another performance condition that requires the achievement of an operating performance target. All awards are expensed on a straight-line basis other than awards with market price performance and/or operating performance conditions, which are expensed under the requisite acceleration method.

It is the Company’s policy to grant stock options at prices not less than the fair market value on the date of the grant. Option terms, vesting and exercise periods vary, except that the term of an option may not exceed ten years.

Also, in accordance with ASU 2016‑09, excess tax benefits arising from the lapse or exercise of an equity award are no longer recognized in additional paid-in capital. The assumed proceeds from applying the treasury stock method when computing net income per share is amended to exclude the amount of excess tax benefits that would be recognized in additional paid-in capital. This change in accounting resulted in approximately 207,000 additional diluted common shares being included in the diluted net income per share calculation for the year ended January 31, 2017.

12. Cost of Goods Sold

Cost of goods sold includes the expenses incurred to acquire, produce and prepare inventory for sale, including product costs, warehouse staff wages, freight in, import costs, packaging materials, the cost of operating the overseas offices and royalty expense. Gross margins may not be directly comparable to those of the Company’s competitors, as income statement classifications of certain expenses may vary by company. Additionally, ASC 606 requires that costs expected to be incurred when products are returned should be accrued for upon the sale of the product as a component of cost of goods sold. These restocking costs were previously recognized when incurred and recorded in selling, general and administrative expenses.

13. Shipping and Handling Costs

Shipping and handling costs consist of warehouse facility costs, third party warehousing, freight out costs, and warehouse supervisory wages and are included in selling, general and administrative expenses. Shipping and handling costs included in selling, general and administrative expenses were $125.9 million, $120.2 million and $99.1 million for the years ended January 31, 2019, 2018 and 2017, respectively.

14. Advertising Costs

The Company expenses advertising costs as incurred and includes these costs in selling, general and administrative expenses. Advertising paid as a percentage of sales under license agreements are expensed in the period in which the sales occur or are accrued to meet guaranteed minimum requirements under license agreements. Advertising expense was $87.0 million, $104.8 million and $89.5 million for the years ended January 31, 2019, 2018 and 2017, respectively. Prepaid advertising, which represents advance payments to licensors for minimum guaranteed payments for advertising under the Company’s licensing agreements, was $9.0 million and $9.7 million at January 31, 2019 and 2018, respectively.

15. Use of Estimates

In preparing financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. In determining these estimates, management must use amounts that are based upon its informed judgments and best estimates. The Company continually evaluates its estimates, including those related to customer allowances and discounts, product returns, bad debts, inventories, and carrying values of intangible assets. Estimates are based on historical experience and on various other assumptions that the Company believes are reasonable under the circumstances. The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions and conditions.

16. Fair Value of Financial Instruments

GAAP establishes a three-level valuation hierarchy for disclosure of fair value measurements. The determination of the applicable level within the hierarchy for a particular asset or liability depends on the inputs used in its valuation as of the measurement date, notably the extent to which the inputs are market-based (observable) or internally-derived (unobservable). A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows:

Level 1 — inputs to the valuation methodology based on quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2 — inputs to the valuation methodology based on quoted prices for similar assets or liabilities in active markets for substantially the full term of the financial instrument; quoted prices for identical or similar instruments in markets that are not active for substantially the full term of the financial instrument; and model-derived valuations whose inputs or significant value drivers are observable.

Level 3 — inputs to the valuation methodology based on unobservable prices or valuation techniques that are significant to the fair value measurement.

The following table summarizes the carrying values and the estimated fair values of the Company’s debt instruments:



		Carrying Value				Fair Value
		January 31,		January 31,		January 31,		January 31,
Financial Instrument	Level	2019		2018		2019		2018
		(In thousands)
Term loan	2	$	300,000	$	300,000	$	300,000	$	300,000
Revolving credit facility	2		—		12,003		—		12,003
Note issued to LVMH	3		96,618		91,667		88,608		91,667

The carrying amount of the Company’s variable rate debt approximates the fair value, as interest rates change with the market rates. Furthermore, the carrying value of all other financial instruments potentially subject to valuation risk (principally consisting of cash, accounts receivable and accounts payable) also approximates fair value due to the short-term nature of these accounts.

The 2% note issued to LVMH Moet Hennessy Louis Vuitton Inc. (“LVMH”) in connection with the acquisition of DKI was issued at a discount of $40.0 million in accordance with ASC 820 — Fair Value Measurements. For purposes of this fair value disclosure, the Company based its fair value estimate for the note issued to LVMH on the initial fair value as determined at the date of the acquisition of DKI and records the amortization using the effective interest method over the term of the note.

The fair value of the note issued to LVMH was considered a Level 3 valuation in the fair value hierarchy.

17. Foreign Currency Translation

Certain of the Company’s international subsidiaries use different functional currencies, which are, for the most part, the local currency. In accordance with the authoritative guidance, assets and liabilities of the Company’s foreign operations are translated from foreign currency into U.S. dollars at period-end rates, while income and expenses are translated at the weighted average exchange rates for the period. The related translation adjustments are reflected as a foreign currency translation adjustment in accumulated other comprehensive loss within stockholders’ equity.

18. Effects of Recently Adopted and Issued Accounting Pronouncements

Recently Adopted Accounting Guidance

In February 2018, the FASB issued ASU 2018‑03, “Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825‑10): Recognition and Measurement of Financial Assets and Financial Liabilities”, which makes technical corrections to certain aspects of ASU 2016‑01 (on recognition of financial assets and financial liabilities), including the following: (i) equity securities without a readily determinable fair value — discontinuation, (ii) equity securities without a readily determinable fair value — adjustments, (iii) forward contracts and purchased options, (iv) presentation requirements for certain fair value option liabilities, (v) fair value option liabilities denominated in a foreign currency and (vi) transition guidance for equity securities without a readily determinable fair value. Public business entities with fiscal years beginning between December 15, 2017, and June 15, 2018, were not required to adopt the amendments until the interim period beginning after June 15, 2018. The Company adopted the provisions of ASU 2018‑03 during the third quarter of fiscal 2019. The adoption of ASU 2018‑03 did not have any impact on the Company’s consolidated financial statements.

In May 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017‑09, “Compensation — Stock Compensation (Topic 718): Scope of Modification Accounting.” ASU 2017‑09 provides clarification as to when modification accounting should be used for changes to the terms or conditions of a share-based payment award. ASU 2017‑09 does not change the accounting for modifications but clarifies that modification accounting guidance should only be applied if there is a change to the value, vesting conditions or award classification and would not be required if the changes are considered non-substantive. The amendments of ASU 2017‑09 are effective for reporting periods beginning after December 15, 2017. The Company adopted the provisions of ASU 2017‑09 during the first quarter of fiscal 2019. The adoption of ASU 2017‑09 did not have any impact on the Company’s consolidated financial statements.

In December 2017, the SEC staff issued Staff Accounting Bulletin 118 (“SAB 118”) to provide guidance for companies that had not completed their accounting for the income tax effects of the Tax Cuts and Jobs Act (“TCJA”). Due to the complexities of the TCJA, the Company’s final tax liability may materially differ from provisional estimates due to additional guidance and regulations issued by the U.S. Treasury Department, the Internal Revenue Service ("IRS") and state and local tax authorities. December 22, 2018 marked the end of the measurement period for purposes of SAB 118. As such, the Company has completed its analysis based on legislative updates relating to TCJA, which resulted in an immaterial impact to the Company’s overall financial results.

In January 2017, the FASB issued ASU 2017‑01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” The purpose of ASU 2017‑01 is to clarify the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017‑01 is effective for fiscal years beginning after December 15, 2017, including interim periods within that year. The amendments in ASU 2017‑01 should be applied prospectively on or after the effective date. The Company adopted the provisions of ASU 2017‑01 during the first quarter of fiscal 2019. The adoption of ASU 2017‑01 did not have any impact on the Company’s consolidated financial statements.

In October 2016, the FASB issued ASU 2016‑16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.” The update requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset upon transfer other than inventory, eliminating the current recognition exception. Prior to the update, GAAP prohibited the recognition of current and deferred income taxes for intra-entity asset transfers until the asset was sold to an outside party. The amendments in this update do not include new disclosure requirements; however, existing disclosure requirements might be applicable when accounting for the current and deferred income taxes for an intra-entity transfer of an asset other than inventory. For public business entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those fiscal years. The Company adopted the provisions of ASU 2016‑16 during the first quarter of fiscal 2019. The adoption of ASU 2016‑16 did not have a material impact on the Company’s consolidated financial statements.

In August 2016, the FASB issued ASU 2016‑15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which clarifies guidance with respect to the classification of eight specific cash flow issues. ASU 2016‑15 was issued to reduce diversity in practice and prevent financial statement restatements. Cash flow issues include: debt prepayment or debt extinguishment costs, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies and bank-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions and separately identifiable cash flows and application of the predominance principle. ASU 2016‑15 is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Under ASU 2016‑15, entities must apply the guidance retrospectively to all periods presented but may apply it prospectively if retrospective application would be impracticable. The Company adopted the provisions of ASU 2016‑15 during the first quarter of fiscal 2019. The adoption of ASU 2016‑15 did not have a material impact on the Company’s consolidated financial statements.

In January 2016, the FASB issued ASU 2016‑01, “Financial Instruments — Overall (Subtopic 825‑10): Recognition and Measurement of Financial Assets and Financial Liabilities.” This standard (i) modifies how entities measure equity investments and present changes in the fair value of financial liabilities, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) changes presentation and disclosure requirements and (iv) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU 2016‑01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company adopted the provisions of ASU 2016‑15 during the first quarter of fiscal 2019. The adoption of ASU 2016‑15 did not have a material impact on the Company’s consolidated financial statements.

In May 2014, the FASB issued ASU 2014‑09, “Revenue from Contracts with Customers (Topic 606).” This update replaces the previous revenue recognition guidance in GAAP and requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The FASB clarified this guidance by issuing ASU 2017‑13, “Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments”; ASU 2016‑08, “Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”; ASU 2016‑10, “Identifying Performance Obligations and Licensing”; ASU 2016‑12, “Narrow-Scope Improvements and Practical Expedients”; and ASU 2016‑20, “Technical Corrections and Improvements to ASC 606, Revenue from Contracts with Customers.” The amendments to ASU 2014‑09 were intended to render more detailed implementation guidance with the expectation of reducing the degree of judgment necessary to comply with ASC 606. These new standards have the same effective date as ASU 2014‑09 and were effective for public entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company adopted the provisions of ASU 2014‑09, as subsequently amended, during the first quarter of fiscal 2019. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company adopted the pronouncement using a modified retrospective approach. The Company performed an analysis of its current revenue streams worldwide and identified changes that resulted from the adoption of the new guidance. The Company implemented changes to its accounting processes and controls to support the new revenue recognition and disclosure requirements. The adoption of ASC 606 primarily affects the wholesale operations segment in the timing of recognition of certain adjustments that were recorded in net sales. For example, the Company previously recorded markdowns and certain customer allowances when the liability was known or incurred. Please refer to Note B for further details with respect to the adoption of this guidance by the Company.

Accounting Guidance Issued Being Evaluated for Adoption

In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” which makes a number of changes meant to add, modify or remove certain disclosure requirements associated with the movement among or hierarchy associated with Level 1, Level 2 and Level 3 fair value measurements. The amendments in ASU 2018-13 modify the disclosure requirements with respect to fair value measurements based on the concepts in FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements, including the consideration of costs and benefits. The amendments to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the potential impact of ASU 2018-13 on its consolidated financial statements.

In June 2018, the FASB issued ASU 2018‑07, “FASB Simplifies Guidance on Nonemployee Share-Based Payments”, which supersedes ASC 505‑50 and expands the scope of ASC 718 to include all share-based payment arrangements related to the acquisition of goods and services from both nonemployees and employees. As a result, most of the guidance in ASC 718 associated with employee share-based payments, including most of its requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU 2018‑07 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of ASU 2018‑07 is permitted for all entities, but no earlier than the date on which an entity adopts ASC 606. The Company does not expect ASU 2018‑07 to have an impact on its consolidated financial statements.

In February 2018, the FASB issued ASU 2018‑02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”, which provides financial statement preparers with an option to reclassify stranded tax effects within accumulated other comprehensive income to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate (or portion thereof) in the TCJA is recorded. The amendments to ASU 2018‑02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of ASU 2018‑02 is permitted, including adoption in any interim period for the public business entities for reporting periods for which financial statements have not yet been issued. The amendments of ASU 2018‑02 should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the TCJA is recognized. The Company is currently assessing the impact that adopting ASU 2018‑02 will have on its financial statements and footnote disclosures.

In February 2016, the FASB issued ASU 2016‑02, “Leases (Topic 842).” The primary difference between the current requirement under GAAP and ASU 2016‑02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. The FASB has continued to clarify this guidance and most recently issued ASU 2018-20, “Leases (Topic 842) – Narrow-Scope Improvements for Lessors”, ASU 2018-11, “Leases (Topic 842) – Targeted Improvements”, ASU 2018-10, “Codification Improvements to Topic 842, Leases” and ASU 2017‑13, “Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments.” ASU 2016‑02 requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of lease payments. The asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Operating leases will result in straight-line expense (similar to current operating leases) while finance leases will result in a front-loaded expense pattern (similar to current capital leases). Classification will be based on criteria that are for the most part similar to those applied in current lease accounting. ASU 2016‑02 may be adopted using a modified retrospective transition, and provides for certain practical expedients. Transactions will require application of the new guidance at the beginning of the earliest comparative period presented. With the issuance of ASU 2018-11, the FASB has provided entities with an additional transition method which will not require adjustments to comparative periods or require modified disclosures in those comparative periods. The guidance is effective for public entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years.

The Company has adopted the requirements of the new lease standard effective February 1, 2019. The Company has elected the optional transition method to apply the standard as of the effective date and therefore, will not apply the standard to the comparative periods presented in its financial statements. If the Company determines any right-of-use assets are impaired at the effective date of adoption, a cumulative-effect adjustment in retained earnings will be recognized. The Company has elected the transition package of three practical expedients permitted within the standard, which eliminates the requirements to reassess prior conclusions about lease identification, lease classification, and initial direct costs. The hindsight practical expedient, which permits the use of hindsight when determining lease term and impairment of right-of-use assets will not be elected. Further, the Company elected the short-term lease exception policy, permitting it to not apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of 12 months or less) and an accounting policy to account for lease and non-lease components as a single component. The Company is finalizing the impact of the standard to its accounting policies, processes, disclosures, and internal controls over financial reporting.

The adoption of ASU 2016-02 will have a significant impact on the Consolidated Balance Sheet as material assets and obligations primarily related to approximately 437 retail store leases, as well to corporate office, warehouse and distribution center operating leases, will be recorded. The Company expects to record operating lease liabilities and corresponding right-of-use assets of approximately $300.0 million to $400.0 million based on the present value of the remaining minimum rental payments using discount rates as of the effective date and certain adjustments. The Company does not expect a material impact on its Consolidated Statement of Income and Comprehensive Income or Consolidated Statement of Cash Flows as a result of the adoption of the new lease accounting standard.

The Company reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact to its consolidated financial statements.

19. Reclassification of Prior Year Presentation

Certain reclassifications have been made to the Consolidated Statements of Income and Comprehensive Income as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other loss.

REVENUE RECOGNITION

12 Months Ended

Jan. 31, 2019

Revenue Recognition [Abstract]

Revenue Recognition

NOTE B — REVENUE RECOGNITION

On February 1, 2018, the Company adopted ASC 606 using the modified retrospective method as of January 31, 2018. The Company recognized a cumulative effect adjustment to the opening balance of stockholders’ equity at February 1, 2018 that reduced stockholders’ equity by $53.7 million, net of tax, as a result of the adoption of ASC 606.

Prospectively, the adoption of ASC 606 primarily affects the timing of recognition of certain adjustments that are recorded in net sales for the wholesale operations segment. Under ASC 606, revenue is recognized upon the transfer of goods to customers in an amount that reflects the expected consideration to be received in exchange for these goods. The difference between the amount initially billed and the amount collected represents variable consideration. Variable consideration includes trade discounts, end of season markdowns, sales allowances, cooperative advertising, return liabilities and other customer allowances. Under ASC 606, the Company estimates the anticipated variable consideration and records this estimate as a reduction of revenue in the period the related product revenue is recognized. Prior to adopting ASC 606, certain components of variable consideration were recorded at a later date when the liability was known or incurred.

The adoption of ASC 606 also resulted in prospectively changing the presentation of certain items on the Consolidated Balance Sheets and the Consolidated Statements of Income and Comprehensive Income. Under the prior guidance, the liability recorded in connection with variable consideration was recorded as a reduction to accounts receivable. With the adoption of ASC 606, these amounts have been classified as a current liability under “Customer refund liabilities” in the Consolidated Balance Sheet. Additionally, the Company now classifies cooperative advertising as a reduction of net sales in the Consolidated Statements of Income and Comprehensive Income. Previously, cooperative advertising was recorded in selling, general and administrative expenses. ASC 606 requires that costs expected to be incurred when products are returned should be accrued for upon the sale of the product as a component of cost of goods sold. These restocking costs were previously recognized when incurred and recorded in selling, general and administrative expenses.

The following tables summarize the impact of adopting ASC 606 on the Company’s Consolidated Balance Sheet as of January 31, 2019 and the Company’s Consolidated Statements of Income and Comprehensive Income for the year ended January 31, 2019:


	January 31, 2019
	(In thousands)
	As Reported		Without Adoption of ASC 606		Impact of Adoption of ASC 606
Assets
Accounts receivable	$	502,133	$	322,785	$	179,348
Inventories		576,383		618,902		(42,519)
Prepaid expenses and other current assets		96,933		58,792		38,141
Deferred income tax assets, net		22,427		5,883		16,544

Liabilities
Accrued expenses		(102,841)		(102,425)		(416)
Customer refund liabilities		(243,589)		—		(243,589)

Equity
Retained earnings		(758,881)		(811,372)		52,491


	For the year ended January 31, 2019
	(In thousands, except per share amounts)
	As Reported		Without Adoption of ASC 606		Impact of Adoption of ASC 606
Net sales	$	3,076,208	$	3,099,114	$	(22,906)
Cost of goods sold		1,969,099		1,965,153		3,946
Selling, general and administrative expenses		834,763		863,261		(28,498)
Operating profit		230,714		229,067		1,647
Income tax expense		45,763		45,353		410
Net income		138,067		136,830		1,237

Net income per common share
Basic		2.81		2.78		0.03
Diluted		2.75		2.72		0.03

The adoption of ASC 606 had no net impact on the Company’s cash flows from operations.

Disaggregation of Revenue

In accordance with ASC 606, the Company elected to disclose its revenues by segment. Each segment presents its own characteristics with respect to the timing of revenue recognition and the type of customer. In addition, disaggregating revenues using a segment basis is consistent with how the Company’s Chief Operating Decision Maker manages the Company. The Company identified the wholesale operations segment and the retail operations segment as distinct sources of revenue.

Wholesale Operations Segment. Wholesale revenues include sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin business. Wholesale revenues from sales of products are recognized when control transfers to the customer. The Company considers control to have been transferred when the Company has transferred physical possession of the product, the Company has a right to payment for the product, the customer has legal title to the product and the customer has the significant risks and rewards of the product. Wholesale revenues are adjusted by variable considerations arising from implicit or explicit obligations. Wholesale revenues also include revenues from license agreements related to trademarks owned by the DKNY, Donna Karan, G.H. Bass, Andrew Marc and Vilebrequin businesses. As of January 31, 2019, revenues from license agreements represented an insignificant portion of wholesale revenues.

Retail Operations Segment. Retail store revenues are generated by direct sales to consumers through company-operated stores and product sales through the Company’s owned websites for the DKNY, Donna Karan, Wilsons, G.H. Bass, Andrew Marc and Karl Lagerfeld Paris businesses. Retail stores primarily consist of Wilsons Leather, G.H. Bass and DKNY retail stores, substantially all of which are operated as outlet stores. Retail operations segment revenues are recognized at the point of sale when the customer takes possession of the goods and tenders payment. E-commerce revenues primarily consist of sales to consumers through the Company’s e-commerce platforms. E-commerce revenue is recognized when a customer takes possession of the goods. Retail sales are recorded net of applicable sales tax.

Variable Consideration. The difference between the amount initially billed and the amount collected represents variable consideration. The Company may provide customers with discounts, rebates, credit returns and price reductions. The Company may also contribute to customers’ promotional activities or incur charges for compliance violations. These adjustments to the initial selling price often occur after the sales process is completed.

The Company identified the following elements of variable consideration:

Markdowns. Markdown allowances consist of accommodations in the form of price reductions to wholesale customers for purchased merchandise. In general, markdowns are granted to full price customers, such as department stores. Markdowns may vary year-over-year and are granted based on the performance of Company merchandise at a customer’s retail stores.

Term Discounts. Term discounts represent a discount from the initial wholesale sales price to certain wholesale customers consistent with customary industry practice.

Sales Allowances. Sales allowances are reductions of the selling price agreed upon with wholesale customers. Sales allowances may be contractual or may be granted on a case-by-case basis. Non-contractual sales allowances may be granted in connection with billing adjustments and, in some cases, for product related issues.

Advertising Allowances. Advertising allowances consist of the Company’s financial participation in the promotional efforts of its wholesale customers. Wholesale customers may charge back a portion of the advertising expense incurred against open invoices. Advertising programs are generally agreed upon at the beginning of a season.

Other Allowances. General allowances consist of price reductions granted to a wholesale customer and may relate to the Company’s participation in costs incurred by the customer during the sales process, as well as price differences, shortages and charges for operational non-compliance.

Return of Merchandise. For wholesale customers, the Company may make accommodations for returns of merchandise that is underperforming at a customer’s retail stores. For retail customers, as a matter of Company policy, whether merchandise is purchased at the Company’s stores or on its e-commerce platforms, the consumer has up to 90 days to return merchandise from the date of purchase.

Variable consideration is estimated based on historical experience, current contractual and statutory requirements, specific known events and industry trends. The reserves for variable consideration are recorded under customer refund liabilities. As of January 31, 2019, customer refund liabilities amounted to $243.6 million. Customer refund liabilities were recorded as a reduction to accounts receivable as of January 31, 2018. Historical return rates are calculated on a product line basis. The remainder of the historical rates for variable consideration are calculated by customer by product lines.

Contract Liabilities

The Company’s contract liabilities, which are recorded within accrued expenses in the accompanying Consolidated Balance Sheets, primarily consist of gift card liabilities and advance payments from licensees. In some of its retail concepts, the Company also offers a limited loyalty program where customers accumulate points redeemable for cash discount certificates that expire 90 days after issuance. Total contract liabilities were $6.4 million and $6.0 million at January 31, 2019 and 2018, respectively. The Company recognized $5.8 million in revenue for the year ended January 31, 2019 which related to contract liabilities that existed at January 31, 2018. There were no contract assets recorded as of January 31, 2019 and January 31, 2018. Substantially all of the advance payments from licenses as of January 31, 2019 are expected to be recognized as revenue within the next twelve months.

INVENTORIES	12 Months Ended
INVENTORIES	Jan. 31, 2019
Inventory Disclosure [Abstract]
Inventories	NOTE C — INVENTORIES Wholesale inventories are stated at the lower of cost (determined by the first-in, first-out method) or net realizable value, which comprises a significant portion of the Company’s inventory. Retail inventories are valued at the lower of cost or market as determined by the retail inventory method. Vilebrequin inventories are stated at the lower of cost (determined by the weighted average method) or net realizable value. Substantially all of the Company’s inventories consist of finished goods. The inventory return asset, which consists of the amount of goods that are anticipated to be returned by customers, represented $42.4 million and $39.4 million at January 31, 2019 and 2018, respectively. The inventory return asset is recorded within prepaid expenses and other current assets as of January 31, 2019 and within inventories as of January 31, 2018. Inventory held on consignment by the Company’s customers totaled $4.9 million at January 31, 2019 and $3.3 million at January 31, 2018. The Company retains the title to its inventory stored at its customers’ facilities.

PROPERTY AND EQUIPMENT

12 Months Ended

Jan. 31, 2019

Property Plant And Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE D — PROPERTY AND EQUIPMENT

Property and equipment consist of:


		January 31,
		2019		2018
		(In thousands)
Machinery and equipment	5 years	$	2,270	$	1,529
Leasehold improvements	3-13 years		78,403		77,091
Furniture and fixtures	3-10 years		97,133		88,733
Computer equipment and software	2-5 years		32,537		28,301
			210,343		195,654
Less: accumulated depreciation			(123,936)		(97,797)
		$	86,407	$	97,857

The Company wrote off fixed assets of $2.0 million and $3.6 million, net of accumulated depreciation, for the years ended January 31, 2019 and 2018. Depreciation expense was $33.9 million, $32.8 million and $29.6 million for the years ended January 31, 2019, 2018 and 2017, respectively. For the year ended January 31, 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures of certain Wilsons, G.H. Bass and DKNY stores as a result of the performance of these stores. For the year ended January 31, 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures of certain Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance of these stores and (ii) a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores. For the year ended January 31, 2017, the Company recorded a $10.5 million impairment charge on leasehold improvements and furniture and fixtures of certain of its Wilsons and G.H. Bass stores as a result of the performance of these stores.

The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the evaluation process, the Company first compares the carrying value of the asset to the estimated future cash flows (undiscounted and without interest charges plus proceeds expected from disposition, if any). If the estimated undiscounted cash flows are less than the carrying value of the asset, the Company needs to determine the fair value of the assets. The Company compares the carrying value of the asset to the asset’s estimated fair value. If the fair value is less than the carrying value, the Company recognizes an impairment charge. The carrying amount of the asset is reduced to the estimated fair value based on a discounted cash flow valuation. Assets to be disposed of are reported at the lower of the carrying amount of the asset or fair value less costs to sell. The Company reviews retail store assets for potential impairment based on historical cash flows, lease termination provisions and forecasted future retail store operating results. If the Company recognizes an impairment charge for a depreciable long-lived asset, the adjusted carrying amount of the asset becomes its new cost basis and will be depreciated (amortized) over the remaining useful life of that asset.

ACQUISITIONS AND INTANGIBLES

12 Months Ended

Jan. 31, 2019

Business Combinations [Abstract]

ACQUISITIONS AND INTANGIBLES

NOTE E — INTANGIBLE ASSETS

Intangible assets consist of:


		January 31,
	Estimated Life	2019		2018
		(In thousands)
Finite-lived intangible assets
Licenses	14 years	$	19,395	$	19,714
Trademarks	8-12 years		2,194		2,194
Customer relationships	15-17 years		48,261		48,371
Other	5-10 years		7,313		5,876
Subtotal			77,163		76,155
Accumulated amortization			(34,759)		(29,750)
Total finite-lived intangible assets		$	42,404	$	46,405
Indefinite-lived intangible assets
Goodwill			261,137		262,710
Trademarks			439,742		442,265
Total indefinite-lived intangible assets			700,879		704,975
Total intangible assets, net		$	743,283	$	751,380

Amortization expense

Amortization expense with respect to finite-lived intangibles amounted to $4.6 million, $4.5 million and $2.5 million for the years ended January 31, 2019, 2018 and 2017, respectively.

The estimated amortization expense with respect to intangibles for the next five years is as follows:


Year Ending January 31,	Amortization Expense
	(In thousands)
2020	$	4,367
2021		3,871
2022		3,421
2023		3,154
2024		2,928

Trademarks and customer relationships having finite lives are amortized over their estimated useful lives and measured for impairment when events or circumstances indicate that the carrying value may be impaired.

Change in Goodwill

Changes in the amounts of goodwill for each of the years ended January 31, 2019 and 2018 are summarized by reportable segment as follows (in thousands):


	Wholesale		Retail		Total
January 31, 2017	$	268,546	$	716	$	269,262
Adjustments to acquired goodwill		(8,973)		—		(8,973)
Goodwill impairment		—		(716)		(716)
Currency translation		3,137		—		3,137
January 31, 2018		262,710		—		262,710
Currency translation		(1,573)		—		(1,573)
January 31, 2019	$	261,137	$	—	$	261,137

Goodwill represents the excess of the purchase price and related costs over the value assigned to net tangible and identifiable intangible assets of businesses acquired and accounted for under the purchase method. The Company reviews and tests its goodwill and intangible assets with indefinite lives for impairment at least annually, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may be impaired. The Company performs the test in the fourth fiscal quarter of each year using a qualitative evaluation or a quantitative test that is a combination of a discounted cash flow analysis and a market approach. The discounted cash flow approach requires that certain assumptions and estimates be made regarding industry economic factors and future profitability. The market approach estimates the fair value based on comparisons with the market values and market multiples of earnings and revenues of similar public companies.

In fiscal 2018, the Company reduced goodwill recorded in connection with the acquisition of DKI by $9.0 million due to certain adjustments related to unrecorded indemnification obligations from LVMH, asset reserves, fixed assets and the section 338(h)(10) tax election adjustment. The Company also wrote off the goodwill associated with the retail operations segment of $0.7 million as a result of the performance of the retail operations segment.

NOTES PAYABLE AND OTHER LIABILITIES

12 Months Ended

Jan. 31, 2019

Debt Disclosure [Abstract]

Notes Payable

NOTE F — NOTES PAYABLE AND OTHER LIABILITIES

Long-term debt

Long-term debt consists of the following:


	January 31, 2019		January 31, 2018
	(in thousands)
Term loan	$	300,000	$	300,000
New revolving credit facility		—		12,003
Note issued to LVMH		125,000		125,000
Subtotal		425,000		437,003
Less: Net debt issuance costs (1)		(10,014)		(12,626)
Debt discount		(28,382)		(33,333)
Total	$	386,604	$	391,044

⁽¹⁾

Does not include the debt issuance costs, net of amortization, totaling $7.1 million and $9.5 million as of January 31, 2019 and 2018, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are classified in prepaid expense in the accompanying Consolidated Balance Sheets as required under ASU 2015‑15.

Term Loan

In connection with the acquisition of DKI, the Company borrowed $350.0 million under a senior secured term loan facility (the “Term Loan”). The Term Loan will mature in December 2022. The Term Loan was subject to amortization payments of 0.625% of the original aggregate principal amount of the Term Loan per quarter, with the balance due at maturity. On December 1, 2016, the Company prepaid $50.0 million in principal amount of the Term Loan. This prepayment relieved the Company of its obligation to make quarterly amortization payments for the remainder of the Term Loan.

Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to LIBOR, subject to a 1% floor, plus an applicable margin of 5.25% or an alternate base rate (defined as the greatest of (i) the “prime rate” as published by the Wall Street Journal from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus 4.25%, per annum, payable in cash.

The Term Loan is secured (i) on a first-priority basis by a lien on the Company’s real estate assets, equipment and fixtures, equity interests and intellectual property and certain related rights owned by the Company and by certain of the Company’s subsidiaries and (ii) by a second-priority security interest in other assets of the Company and certain of its subsidiaries, which secure on a first-priority basis the Company’s asset-based loan facility described below under the caption “New Revolving Credit Facility”.

The Term Loan contains covenants that restrict the Company’s ability to among other things, incur additional debt, sell or dispose certain assets, make certain investments, incur liens and enter into acquisitions. This loan also includes a mandatory prepayment provision on excess cash flow as defined within the agreement. A first lien leverage covenant requires the Company to maintain a level of debt to EBITDA at a ratio as defined over the term of the agreement. As of January 31, 2019, the Company was in compliance with these covenants.

The Term Loan may be prepaid, at the option of the Company, in whole or in part, at any time at par plus accrued interest, and, in the case of prepayments from the proceeds of certain refinancings prior to December 1, 2017, subject to a 1% prepayment fee. The Term Loan is required to be prepaid with the proceeds of certain asset sales if such proceeds are not applied as required by the Term Loan within certain specified deadlines. The Term Loan is also required to be prepaid in an amount equal to 75% of the “Excess Cash Flow” (as defined in the Term Loan) of the Company with respect to each fiscal year ending on or after January 31, 2018. The percentage of Excess Cash Flow that must be so applied is reduced to 50% if the Company’s senior secured leverage ratio is less than 3.00 to 1.00, to 25% if the Company’s senior secured leverage ratio is less than 2.75 to 1.00 and to 0% if the Company’s senior secured leverage ratio is less than 2.25 to 1.00. As of January 31, 2019, the Company was not required to make a mandatory prepayment provision on excess cash flow as defined within the Term Loan.

The Company also incurred debt issuance costs totaling $18.3 million related to the Term Loan, of which $2.6 million have been expensed in connection with the $50 million prepayment. In accordance with ASU 2015‑15, the debt issuance costs have been deferred and are presented as a contra-liability, offsetting the outstanding balance of the Term Loan, and are amortized using the effective interest method over the remaining life of the Term Loan.

The weighted average interest rate for amounts borrowed under the Term Loan was 7.48% for the year ended January 31, 2019. A 0.25% change in the interest rates applied to the Term Loan would change annual interest expense under the Term Loan by $0.8 million.

New Revolving Credit Facility

Upon closing of the acquisition of DKI, the Company’s prior credit agreement (the “prior revolving credit facility”) was refinanced and replaced by a $650 million amended and restated credit agreement (the “new revolving credit facility”). Amounts available under the new revolving credit facility are subject to borrowing base formulas and over advances as specified in the new revolving credit facility agreement. Borrowings bear interest, at the Company’s option, at LIBOR plus a margin of 1.25% to 1.75% or an alternate base rate (defined as the greatest of (i) the “prime rate” of JPMorgan Chase Bank, N.A. from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus a margin of 0.25% to 0.75%, with the applicable margin determined based on the availability under the new revolving credit facility agreement. The new revolving credit facility has a five-year term ending December 1, 2021. In addition to paying interest on any outstanding borrowings under the new revolving credit facility, the Company is required to pay a commitment fee to the lenders under the credit agreement with respect to the unutilized commitments. The commitment fee accrues at a rate equal to 0.25% per annum on the average daily amount of the available commitments.

The Company also incurred debt issuance costs totaling $12.4 million related to the new revolving credit facility. As permitted under ASU 2015‑15, the debt issuance costs have been deferred and are presented as an asset, which is subsequently amortized ratably over the term of the new revolving credit facility.

The new revolving credit facility is secured by specified assets of the Company and certain of its subsidiaries.

The new revolving credit facility contains a number of covenants that, among other things, restrict the Company’s ability, subject to specified exceptions, to incur additional debt; incur liens; sell or dispose of assets; merge with other companies; liquidate or dissolve itself; acquire other companies; make loans, advances, or guarantees; and make certain investments. In certain circumstances, the new revolving credit facility also requires G-III to maintain a minimum fixed charge coverage ratio, as defined, that should not exceed 1.00 to 1.00 for each period of twelve consecutive fiscal months of holdings. As of January 31, 2019, the Company was in compliance with these covenants.

As of January 31, 2019, interest under the new revolving credit facility was being charged at the weighted average rate of 3.77% per annum. The new revolving credit facility also includes amounts available for letters of credit. As of January 31, 2019, the Company had no borrowings outstanding under the new revolving credit facility. As of January 31, 2019, there were outstanding trade and standby letters of credit amounting to $11.4 million and $3.4 million, respectively.

LVMH Note

As a portion of the consideration for the acquisition of DKI, the Company issued to LVMH a junior lien secured promissory note in the principal amount of $125.0 million (the “LVMH Note”) that bears interest at the rate of 2% per year. $75.0 million of the principal amount of the LVMH Note is due and payable on June 1, 2023 and $50.0 million of such principal amount is due and payable on December 1, 2023.

In connection with the issuance of the LVMH Note, LVMH entered into (i) a subordination agreement with Barclays Bank PLC, as administrative agent for the lenders party to the Term Loan and collateral agent for the Senior Secured Parties thereunder and JPMorgan Chase Bank, N.A., as administrative agent for the lenders and other Senior Secured Parties under the new revolving credit facility, providing that the Company’s obligations under the LVMH Note are subordinate and junior to the Company’s obligations under the new revolving credit facility and the Term Loan, and (ii) a pledge and security agreement with the Company and its subsidiary, G-III Leather Fashions, Inc., pursuant to which the Company and G-III Leather Fashions, Inc. granted to LVMH a security interest in specified collateral to secure the Company’s payment and performance of the Company’s obligations under the LVMH Note that is subordinate and junior to the security interest granted by the Company with respect to the Company’s obligations under the new revolving credit facility agreement and Term Loan.

ASC 820 requires the note to be recorded at fair value at issuance. As a result, the Company recorded a $40.0 million debt discount. This discount is being amortized as interest expense using the effective interest method over the term of the LVMH Note.

Prior Revolving Credit Facility

Prior to the acquisition of DKI, the prior revolving credit facility consisted of a five-year senior secured credit facility providing for borrowings in the aggregate principal amount of up to $450 million through August 2017. Amounts available under the prior revolving credit facility were subject to borrowing base formulas and other advances as specified in the related credit agreement. Borrowings bore interest, at the Company’s option, at LIBOR plus a margin of 1.5% to 2.0% or prime plus a margin of 0.5% to 1.0%, with the applicable margin determined based on availability under the prior revolving credit facility.

The weighted average interest rate for amounts borrowed under the prior revolving credit facility was 2.1% for the period starting February 2, 2016 and ending November 30, 2016, when the prior revolving credit facility was replaced by the new revolving credit facility.

Future Debt Maturities

As of January 31, 2019, the Company’s mandatory debt repayments mature in the years ending up to January 31, 2024 or thereafter.


Year Ending January 31,	Amount
	(In thousands)
2020	$	—
2021		—
2022		—
2023		300,000
2024 and thereafter		125,000

Accrued expenses

Accrued expenses consist of the following:


	January 31, 2019		January 31, 2018
	(in thousands)
Accrued bonuses	$	44,519	$	36,137
Other accrued expenses		58,322		58,918
Total	$	102,841	$	95,055

INCOME TAXES

12 Months Ended

Jan. 31, 2019

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE G — INCOME TAXES

The income tax provision is comprised of the following:


	Year Ended January 31,
	2019		2018		2017
	(In thousands)
Current
Federal	$	23,463	$	28,723	$	22,925
State and city		5,907		2,592		4,034
Foreign		10,989		12,532		6,150
		40,359		43,847		33,109
Deferred
Federal		4,419		4,084		(4,776)
State and city		191		1,285		(2,807)
Foreign		794		(1,291)		298
		5,404		4,078		(7,285)
Income tax expense	$	45,763	$	47,925	$	25,824
Income before income taxes
United States	$	137,748	$	93,691	$	55,363
Non-United States		46,082		16,358		22,399
	$	183,830	$	110,049	$	77,762

On December 22, 2017, the U.S. government enacted comprehensive tax legislation regime commonly referred to as the TCJA. The TCJA included a broad range of complex provisions impacting the taxation of multi-national companies including the Company. Specifically, the Company is impacted by the change in the U.S. Federal corporate income tax rate from 35% to 21% (effective January 1, 2018). Further, the new regime includes a one-time transition tax on foreign earnings that were previously deferred, taxation of certain performance-based compensation paid to the Company’s top executive officers that was previously deductible, full expensing of fixed assets and the deductibility of certain costs, and GILTI.

In accordance with TCJA, the Company recorded $6.9 million as additional income tax expense in the fourth quarter of 2017, the period in which the legislation was enacted. The total expense primarily comprised of approximately $3.3 million related to the transition tax and approximately $4.4 million tax expense related to revaluing U.S. deferred tax assets and liabilities using the new U.S. corporate tax rate of 21%. Other provisional impacts were primarily related to the state tax impact of the prorated reduced federal tax rate. SAB 118 was issued to address the application of U.S. GAAP in situations when a company does not have the necessary information available, prepared, or analyzed to complete the accounting for certain income tax effects of the TCJA. December 22, 2018 marked the end of the measurement period for purposes of SAB 118. As such, the Company has completed its analysis based on legislative updates relating to TCJA, which resulted in an immaterial impact to the Company’s overall financial results.

Effective January 1, 2018, the TCJA subjects a U.S. parent company to current tax on its GILTI. We elected to account for any tax on GILTI in the period in which it was incurred. At January 31, 2019, the Company incurred a GILTI tax impact of $0.2 million.

The significant components of the Company’s net deferred tax asset at January 31, 2019 and 2018 are summarized as follows:


	2019		2018
	(In thousands)
Deferred income tax assets:
Compensation	$	10,605	$	10,783
Inventory		2,244		—
Straight-line lease		6,642		6,856
Provision for bad debts and sales allowances		33,221		17,819
Supplemental employee retirement plan		401		415
Inventory write-downs		—		—
Net operating loss		3,362		2,983
Other		2,891		212
Gross deferred income tax assets		59,366		39,068
Less: valuation allowance		(2,303)		(1,648)
Net deferred income tax assets		57,063		37,420
Deferred income tax liabilities:
Depreciation and amortization		(25,617)		(16,234)
Intangibles		(21,742)		(22,804)
Prepaid expenses and other		(2,405)		(2,585)
Inventory		—		(246)
Total deferred income tax liabilities		(49,764)		(41,869)
Net deferred tax assets (liabilities)	$	7,299	$	(4,449)

As of January 31, 2019 and 2018, deferred tax liabilities of $15.1 million and $15.8 million, respectively, relate to intangible assets in Switzerland. The remaining intangible assets relate primarily to the U.S.

The total undistributed earnings of the Company’s foreign subsidiaries are approximately $78.0 million for the fiscal year ended January 31, 2019. Those earnings are considered indefinitely reinvested. Even though the undistributed earnings can be distributed back generally without U.S. federal income tax as a result of the one-time transition tax under the TCJA regime, the Company will not change its indefinite reinvestment assertion with respect to those earnings. Upon distribution of those earnings in the form of dividends, the Company does not anticipate any material tax costs. As such, no deferred taxes have been provided for withholding taxes or other taxes that would result upon repatriation of undistributed foreign earnings.

The following is a reconciliation of the statutory federal income tax rate to the effective rate reported in the financial statements for the years ended January 31:


	2019		2018		2017
Provision for Federal income taxes at the statutory rate	21.0	%	33.8	%	35.0	%
State and local income taxes, net of Federal tax benefit	2.4		0.5		1.0
Permanent differences resulting in Federal taxable income	6.6		8.8		9.6
Tax reform	—		7.5		—
Foreign tax rate differential	0.5		0.2		(1.7)
Share-based payments	(0.6)		(1.2)		(3.8)
Foreign tax credit	(5.5)		(7.7)		(6.5)
Valuation allowance	0.2		1.5		—
Other, net	0.3		0.2		(0.4)
Actual provision for income taxes	24.9	%	43.6	%	33.2	%

Valuation allowances represent deferred tax benefits where management is uncertain if the Company will have the ability to recognize those benefits in the future. As of January 31, 2019, the Company recorded an additional valuation allowance of $0.4 million against its deferred tax assets.

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (excluding interest and penalties) is as follows:


	2019		2018		2017
	(In thousands)
Balance at February 1,	$	82	$	1,094	$	1,094
Additions based on tax positions related to the current year		—		—		—
Additions for tax positions of prior years		—		—		—
Reductions for tax positions of prior years		—		—		—
Settlements		—		—		—
Lapses of statues of limitations		(82)		(1,012)		—
Balance at January 31,	$	—	$	82	$	1,094

The Company accounts for uncertain income tax positions in accordance with ASC 740 — Income Taxes. The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. As of January 31, 2019, there was a decrease in the unrecognized tax position reserve of $0.1 million for lapses in the statute of limitations in the uncertain income tax positions reserves.

The Company’s policy on classification is to include interest in interest and financing charges, net and penalties in selling, general and administrative expenses in the accompanying Consolidated Statements of Income and Comprehensive Income. The Company and certain of its subsidiaries are subject to U.S. Federal income tax as well as income tax of multiple state, local, and foreign jurisdictions. One of its foreign subsidiaries, T.R.B. International S.A., has a ruling with the Swiss government that taxes commercial foreign sourced income at an 11.6% rate. The ruling was extended to the year ending December 31, 2019.

Of the major jurisdictions, the Company and its subsidiaries are subject to examination in the United States and various foreign jurisdictions for fiscal year 2014 and forward. The Company is currently under audit examination by New York and Canada for fiscal year 2014 and 2015. The Company believes that it is reasonably possible there will be no change to its unrecognized income tax position reserves during the next twelve months due to the applicable statues of limitations.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Jan. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE H — COMMITMENTS AND CONTINGENCIES

Lease Agreements

The Company leases warehousing, executive and sales facilities, retail stores, equipment and vehicles under operating leases with options to renew at varying terms. Leases with provisions for increasing rents have been accounted for on a straight-line basis over the life of the lease.

Certain leases provide for contingent rents, which are determined as a percentage of gross sales. The Company records a contingent rent liability in accrued expenses on the Consolidated Balance Sheets and the corresponding rent expense in the Consolidated Statements of Income and Comprehensive Income when management determines that achieving the specified levels during the fiscal year is probable.

The following schedule sets forth the future minimum rental payments for operating leases having non-cancelable lease periods in excess of one year at January 31, 2019:


Year Ending January 31,	Amount
	(In thousands)
2020	$	94,089
2021		81,085
2022		68,281
2023		60,358
2024		49,416
Thereafter		79,996
	$	433,225

Rent expense on the above operating leases for the years ended January 31, 2019, 2018 and 2017 was $108.2 million, $110.4 million and $84.7 million, respectively.

License Agreements

The Company has entered into license agreements that provide for royalty payments based on net sales of licensed products. The Company incurred royalty expense (included in cost of goods sold) of $165.7 million, $154.3 million and $139.0 million for the years ended January 31, 2019, 2018 and 2017, respectively. Contractual advertising expense, which is normally based on a percentage of net sales associated with certain license agreements (included in selling, general and administrative expenses), was $46.2 million, $43.4 million and $39.2 million for the years ended January 31, 2019, 2018 and 2017, respectively. Based on minimum net sales requirements, future minimum royalty and advertising payments required under these agreements are:


Year Ending January 31,	Amount
	(In thousands)
2020	$	154,203
2021		97,827
2022		89,485
2023		87,048
2024		49,683
Thereafter		—
	$	478,246

Legal Proceedings

In the ordinary course of business, the Company is subject to periodic claims, investigations and lawsuits. Although the Company cannot predict with certainty the ultimate resolution of claims, investigations and lawsuits, asserted against the Company, it does not believe that any currently pending legal proceeding or proceedings to which it is a party could have a material adverse effect on its business, financial condition or results of operations except for the following:

Canadian Customs Duty Examination

In October 2017, the Canada Border Service Agency (“CBSA”) issued a final audit report to G-III Apparel Canada ULC (“G-III Canada”), a wholly-owned subsidiary of the Company. The report challenged the valuation used by G-III Canada for certain goods imported into Canada. The period covered by the examination is February 1, 2014 through the date of the final report, October 27, 2017. The CBSA has requested G-III Canada to reassess its customs entries for that period using the price paid or payable by the Canadian retail customers for certain imported goods rather than the price paid by G-III Canada to the vendor. The CBSA has also requested that G-III Canada change the valuation method used to pay duties with respect to goods imported in the future.

In March 2018, G-III Canada secured a bond to guarantee payment to the CBSA for additional duties payable as a result of the reassessment required by the final audit report. The Company secured a bond in the amount of CAD$26.9 million ($20.9 million) representing customs duty and interest through December 31, 2017 that is claimed to be owed to the CBSA. In March 2018, the Company amended the duties filed for the month of January 2018 under the new valuation method. This amount was paid to the CBSA. Beginning February 1, 2018, the Company began paying duties based on the new valuation method. Expense amounts deferred for the year ended January 31, 2019, related to the higher dutiable values, were CAD$10.5 million ($8.0 million).

G-III Canada, based on the advice of counsel, believes it has positions that support its ability to receive a refund of amounts claimed to be owed to the CBSA on appeal and intends to vigorously contest the findings of the CBSA. G-III Canada filed its appeal with the CBSA in May 2018.

STOCKHOLDERS' EQUITY

12 Months Ended

Jan. 31, 2019

Equity [Abstract]

Stockholders' Equity

NOTE I — STOCKHOLDERS’ EQUITY

Share Repurchase Program

The Company’s Board of Directors has authorized a share repurchase program of 5,000,000 shares. The timing and actual number of shares repurchased, if any, will depend on a number of factors, including market conditions and prevailing stock prices, and are subject to compliance with certain covenants contained in the loan agreement. Share repurchases may take place on the open market, in privately negotiated transactions or by other means, and would be made in accordance with applicable securities laws.

During fiscal 2019, pursuant to this program, the Company acquired 723,072 of its shares of common stock for an aggregate purchase price of $20.3 million. The Company did not repurchase any shares during fiscal 2018.

Long-Term Incentive Plan

As of January 31, 2019, the Company had 717,381 shares available for grant under its long-term incentive plan. The plan provides for the grant of equity and cash awards, including restricted stock awards, stock options and other stock unit awards to directors, officers and employees. Restricted stock unit awards generally vest over a two to five year period and certain awards also include (i) market price performance conditions that provide for the award to vest only after the average closing price of the Company’s stock trades above a predetermined market level and (ii) another performance condition that requires the achievement of an operating performance target. It is the Company’s policy to grant stock options at prices not less than the fair market value on the date of the grant. Option terms, vesting and exercise periods vary, except that the term of an option may not exceed ten years.

Restricted Stock Units


		Weighted Average
	Awards	Grant Date
	Outstanding	Fair Value
Unvested as of January 31, 2016	2,048,883	$	30.79
Granted	630,642	$	25.82
Vested	(678,164)	$	22.43
Canceled	(2,500)	$	17.95
Unvested as of January 31, 2017	1,998,861	$	31.70
Granted	279,479	$	16.28
Vested	(495,372)	$	26.39
Canceled	(10,391)	$	28.42
Unvested as of January 31, 2018	1,772,577	$	29.51
Granted	529,253	$	32.34
Vested	(451,929)	$	27.49
Canceled	(28,282)	$	29.23
Unvested as of January 31, 2019	1,821,619	$	30.83

For restricted stock units with market conditions, the Company estimates the grant date fair value using a Monte Carlo simulation model. This valuation methodology utilizes the closing price of the Company’s common stock on grant date and several key assumptions, including expected volatility of the Company’s stock price, and risk-free rates of return. This valuation is performed with the assistance of a third party valuation specialist. For restricted stock units with no performance conditions, grant date fair value is based on the market price on the date of grant.

The Company recognized $19.7 million, $19.7 million and $16.9 million in share-based compensation expense for the years ended January 31, 2019, 2018 and 2017, respectively, related to restricted stock unit grants. At January 31, 2019, 2018 and 2017, unrecognized costs related to the restricted stock units totaled $19.4 million, $23.0 million and $40.7 million, respectively.

Stock Options


	2019			2018			2017
		Weighted			Weighted			Weighted
		Average			Average			Average
	Shares	Exercise		Shares	Exercise		Shares	Exercise
Stock options outstanding at beginning of year	62,666	$	11.50	251,131	$	9.16	331,651	$	10.59
Exercised	(15,600)	$	6.55	(188,465)	$	8.38	(20,520)	$	12.65
Granted	8,245	$	30.32	—	$	—	—	$	—
Cancelled or forfeited	—	$	—	—	$	—	(60,000)	$	15.87
Stock options outstanding at end of year	55,311	$	15.70	62,666	$	11.50	251,131	$	9.16
Exercisable	47,066	$	13.14	62,666	$	11.50	251,131	$	9.16

The following table summarizes information about stock options outstanding:


	Number	Weighted	Weighted		Number	Weighted
	Outstanding as of	Average	Average		Exercisable as of	Average
	January 31,	Remaining	Exercise		January 31,	Exercise
Range of Exercise Prices	2019	Contractual Life	Price		2019	Price
$5.55 - $9.20	10,000	0.26	$	6.57	10,000	$	6.57
$12.51 - $17.45	27,066	1.52	$	13.73	27,066	$	13.73
$18.11 - $30.32	18,245	3.51	$	23.63	10,000	$	18.11
	55,311				47,066

The fair value of stock options was estimated using the Black-Scholes option-pricing model. This model requires the input of subjective assumptions that will usually have a significant impact on the fair value estimate. The Company granted 8,245 stock options during the year ended January 31, 2019. No stock options were granted during the years ended January 31, 2018 and 2017.

The following table summarizes the assumptions used in the Black-Scholes option-pricing model for grants in fiscal 2019:



	2019
Weighted-average risk free rate of interest		2.5	%
Expected volatility		51.2	%
Weighted-average expected award life (in years)		2.25
Dividend yield		0	%
Weighted-average fair value	$	9.68

The weighted average volatility was developed using historical volatility for periods equal to the expected term of the options.

The risk-free interest rate was developed using the U.S. Treasury yield curve for periods equal to the expected term of the options on the grant date. An increase in the risk-free interest rate will increase stock compensation expense.

The dividend yield is a ratio that estimates the expected dividend payments to shareholders. The Company has not declared a cash dividend and has estimated dividend yield at 0%.

The expected term of stock option grants was developed after considering vesting schedules, life of the option, and historical experience. An increase in the expected holding period will increase stock compensation expense.

The Company accounts for forfeited awards as they occur as permitted by ASU 2016‑09. Ultimately, the actual expense recognized over the vesting period will be for those shares that vest.

The weighted average remaining term for stock options outstanding was 1.9 years at January 31, 2019. The aggregate intrinsic value at January 31, 2019 was $1.1 million for stock options outstanding and $1.0 million for stock options exercisable. The intrinsic value for stock options is calculated based on the exercise price of the underlying awards and the market price of the Company’s common stock as of January 31, 2019, the reporting date.

Proceeds received from the exercise of stock options were $0.1 million and $1.6 million during the years ended January 31, 2019 and 2018, respectively. The intrinsic value of stock options exercised was $0.4 million and $3.6 million for the years ended January 31, 2019 and 2018, respectively. A portion of this amount is currently deductible for tax purposes.

The Company recognized a nominal amount and $0.1 million in compensation expense for the year ended January 31, 2019 and 2017, respectively, related to stock options. No compensation expense related to stock options was recognized for the year ended January 31, 2018.

CONCENTRATION	12 Months Ended
CONCENTRATION	Jan. 31, 2019
Risks and Uncertainties [Abstract]
CONCENTRATION	NOTE J — CONCENTRATION Major Customers Two customers in the wholesale operations segment accounted for approximately 24.8% and 12.4%, respectively, of the Company’s net sales for the year ended January 31, 2019. One customer accounted for 22.2% and 21.8% of the Company’s net sales for the years ended January 31, 2018 and 2017, respectively. Two customers in the wholesale operations segment accounted for approximately 27.5% and 16.5%, respectively, of the Company’s net accounts receivable as of January 31, 2019. Two customers accounted for approximately 22.2% and 17.2%, respectively, of the Company’s net accounts receivable as of January 31, 2018. Inventory Sourcing The Company sourced from China approximately 61.5%, 65.1% and 72.0% of the inventory purchased for the years ended January 31, 2019, 2018 and 2017, respectively. During the year ended January 31, 2019 and 2018, the Company sourced 14.4% and 14.7% of its purchases from one vendor in China, respectively. During the year ended January 31, 2017, the Company sourced 23.9% (13.6% and 10.3%) of its purchases from two vendors in China. The Company believes it has alternative manufacturing sources available to meet its current and future production requirements in the event the Company is required to change current manufacturers or current manufacturers are unavailable to fulfill the Company’s production needs.

EMPLOYEE BENEFIT PLANS	12 Months Ended
EMPLOYEE BENEFIT PLANS	Jan. 31, 2019
Compensation And Retirement Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS	NOTE K — EMPLOYEE BENEFIT PLANS The Company maintains a 401(k) plan (the “GIII Plan”) and trust for non-union employees. The Plan provides for a Safe Harbor (non-discretionary) matching contribution of 100% of the first 3% of the participant’s contributed pay plus 50% of the next 2% of the participant’s contributed pay. The Company made matching contributions of $3.8 million, $3.6 million and $2.9 million for the years ended January 31, 2019, 2018 and 2017, respectively. The DKI 401(k) plan and trust for U.S. based non-union employees was merged with the GIII Plan on June 1, 2017.

SEGMENTS

12 Months Ended

Jan. 31, 2019

Segment Reporting [Abstract]

Segments

NOTE L — 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 trademarks owned by the Donna Karan, DKNY, G.H. Bass, Andrew Marc and Vilebrequin businesses. The retail operations segment consists primarily of the Wilsons Leather, G.H. Bass and DKNY stores, as well as a limited number of Calvin Klein Performance and Karl Lagerfeld Paris 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, 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


	January 31, 2017
	Wholesale		Retail		Elimination (1)		Total
Net sales (2)	$	2,021,736	$	474,217	$	(109,518)	$	2,386,435
Cost of goods sold		1,387,274		267,351		(109,518)		1,545,107
Gross Profit		634,462		206,866		—		841,328
Selling, general and administrative expenses		457,786		246,650		—		704,436
Depreciation and amortization		21,483		10,998		—		32,481
Asset impairments		—		10,480		—		10,480
Operating profit (loss)	$	155,193	$	(61,262)	$	—	$	93,931

⁽¹⁾

Represents intersegment sales to the Company’s retail operations segment.

⁽²⁾

Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.

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,
	2019		2018
	(In thousands)
Wholesale	$	1,834,610	$	1,554,191
Retail		190,996		215,568
Corporate		182,452		145,418
Total Assets	$	2,208,058	$	1,915,177

The total net sales and long-lived assets by geographic region are as follows:


	2019				2018				2017
			Long-Lived				Long-Lived				Long-Lived
Geographic Region	Net Sales		Assets		Net Sales		Assets		Net Sales		Assets
United States	$	2,656,479	$	762,444	$	2,466,107	$	770,128	$	2,180,409	$	790,341
Non-United States		419,729		191,719		340,831		185,448		206,026		178,665
	$	3,076,208	$	954,163	$	2,806,938	$	955,576	$	2,386,435	$	969,006

Capital expenditures for locations outside of the United States totaled $4.3 million, $3.7 million and $4.6 million for the years ended January 31, 2019, 2018 and 2017, respectively.

EQUITY INVESTMENT	12 Months Ended
EQUITY INVESTMENT	Jan. 31, 2019
EQUITY INVESTMENT
EQUITY INVESTMENT	NOTE M — EQUITY INVESTMENTS Investment in Fabco Holding B.V. In August 2017, the Company entered into a joint venture agreement with Amlon Capital B.V. (“Amlon”), a private company incorporated in the Netherlands, to produce and market women’s and men’s apparel and accessories pursuant to a long-term license for DKNY and Donna Karan in the People’s Republic of China, including Macau, Hong Kong and Taiwan. The Company owns 49% of the joint venture, with Amlon owning the remaining 51%. The joint venture was funded with $25 million of equity to be used to strengthen the DKNY and Donna Karan brands and accelerate the growth of the business in the region. Of this amount, the Company contributed an aggregate of $10.0 million. Starting January 1, 2018, this joint venture is the exclusive seller of women’s and men’s apparel, handbags, luggage and certain accessories under the DKNY and Donna Karan brands in the territory. The investment in Fabco, which is being accounted for under the equity method of accounting, is reflected in Investment in Unconsolidated Affiliates on the Consolidated Balance Sheets at January 31, 2019 and 2018. Investment in Karl Lagerfeld Holding B.V. In February 2016, the Company acquired a 19% minority interest in KLH, the parent company of the group that holds the worldwide rights to the Karl Lagerfeld brand. The Company paid 32.5€ million (equal to $35.4 million at the date of the transaction) for this interest. This investment was intended to expand the partnership between the Company and the owners of Karl Lagerfeld brand and extend their business development opportunities on a global scale. The investment in KLH, which is being accounted for under the equity method of accounting, is reflected in Investment in Unconsolidated Affiliates on the Consolidated Balance Sheets at January 31, 2019 and 2018. Investment in KL North America In June 2015, the Company entered into a joint venture agreement with Karl Lagerfeld Group BV (“KLBV”). The Company paid KLBV $25.0 million for a 49% ownership interest in KLNA. KLNA holds brand rights to all Karl Lagerfeld trademarks, including the Karl Lagerfeld Paris brand the Company currently uses, for all consumer products (except eyewear, fragrance, cosmetics, watches, jewelry, and hospitality services) and apparel in the United States, Canada and Mexico. The investment in KLNA, which is being accounted for under the equity method of accounting, is reflected in Investment in Unconsolidated Affiliates on the Consolidated Balance Sheets at January 31, 2019 and 2018.

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Jan. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE N — RELATED PARTY TRANSACTIONS Transactions with Fabco G-III owns a 49% ownership interest in Fabco and is considered a related party of Fabco (see Note M). The Company sells inventory to Fabco and granted Fabco’s subsidiary the right to use certain Donna Karan and DKNY trademarks. In fiscal 2019, the Company sold $4.3 million in inventory to Fabco. The Company recorded $2.2 million and $0.2 million of licensing revenue from Fabco during the years ended January 31, 2019 and 2018, respectively. As of January 31, 2019, Fabco prepaid $0.8 million to the Company for minimum royalties and marketing fees relating to the first quarter of 2019 and has a $0.5 million payable balance relating to inventory purchased from the Company and its subsidiaries. Transactions with KL North America G-III owns a 49% ownership interest in KLNA and is considered a related party of KLNA (see note M). The Company entered into a licensing agreement to use the brand rights to certain Karl Lagerfeld trademarks held by KLNA. The Company incurred royalty and advertising expense of $6.4 million, $4.8 million and $4.0 million for the years ended January 31, 2019, 2018 and 2017, respectively. The amount of royalty and advertising due to KLNA as of January 31, 2019, 2018 and 2017 was $2.1 million, $1.5 million and $0.7 million, respectively.

QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Jan. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE O — QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for the fiscal years ended January 31, 2018 and 2019 are as follows (in thousands, except per share amounts):


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2018		2018		2018		2019 (1)
Net sales	$	611,743	$	624,698	$	1,072,982	$	766,785
Gross Profit		234,527		231,544		382,100		258,938
Net income		9,885		10,077		94,025		24,080
Net income per common share
Basic	$	0.20	$	0.20	$	1.91	$	0.49
Diluted	$	0.20	$	0.20	$	1.86	$	0.48


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2017		2017		2017		2018 (2)
	(As Adjusted) (3)
Net sales	$	529,042	$	538,006	$	1,024,993	$	714,897
Gross Profit		201,716		202,990		391,096		258,937
Net income (loss)		(10,391)		(8,568)		81,625		(542)
Net income (loss) per common share
Basic	$	(0.21)	$	(0.18)	$	1.67	$	(0.01)
Diluted	$	(0.21)	$	(0.18)	$	1.65	$	(0.01)

⁽¹⁾

During the fourth quarter of fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and DKNY stores as a result of the performance at these stores.

⁽²⁾

During the fourth quarter of fiscal 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores, (ii) a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores and (iii) a $0.7 million write-off of goodwill related to the retail operations segment as a result of the performance of the retail operations segment.

⁽³⁾

Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other loss.

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jan. 31, 2019

Valuation And Qualifying Accounts [Abstract]

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNT

G-III Apparel Group, Ltd. and Subsidiaries

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

Years ended January 31, 2019, 2018 and 2017


	Balance at		ASC 606		Charges to				Balance at
	Beginning		Transition		Cost and				End of
Description	of Period		Adjustment		Expenses		Deductions (1)		Period
	(In thousands)
Year ended January 31, 2019
Deducted from asset accounts
Allowance for doubtful accounts	$	2,093	$	—	$	(140)	$	1,029	$	924
Reserve for returns		61,179		—		57,777		56,678		62,278
Reserve for sales allowances (2)		102,144		66,617		375,118		362,567		181,312
	$	165,416	$	66,617	$	432,755	$	420,274	$	244,514
Year ended January 31, 2018
Deducted from asset accounts
Allowance for doubtful accounts	$	1,192	$	—	$	854	$	(47)	$	2,093
Reserve for returns		59,802		—		32,710		31,333		61,179
Reserve for sales allowances (2)		94,494		—		303,734		296,084		102,144
	$	155,488	$	—	$	337,298	$	327,370	$	165,416
Year ended January 31, 2017
Allowance for doubtful accounts	$	1,346	$	—	$	682	$	836	$	1,192
Reserve for returns		61,437		—		40,783		42,418		59,802
Reserve for sales allowances (2)		72,915		—		266,263		244,684		94,494
	$	135,698	$	—	$	307,728	$	287,938	$	155,488

(1)	Accounts written off as uncollectible, net of recoveries.
(2)	See Note A in the accompanying Notes to Consolidated Financial Statements for a description of sales allowances.

SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Jan. 31, 2019

Business Activity and Principles of Consolidation

Cash Equivalents

2. Cash Equivalents

The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.

Revenue Recognition

3. Revenue Recognition

Royalty revenue is recognized at the higher of royalty earned or guaranteed minimum royalty.

Accounts Receivable

Goodwill and Other Intangibles

6. Goodwill and Other Intangibles

In fiscal 2018, the Company wrote off goodwill of $0.7 million related to the retail operations segment, as a result of the performance of the retail operations segment.

Impairment of Long-Lived Assets

7. Depreciation and Amortization

8. Impairment of Long-Lived Assets

Income Taxes

Net Income Per Common Share

The following table reconciles the numerators and denominators used in the calculation of basic and diluted net income per share:


	Year Ended January 31,
	2019		2018		2017
	(In thousands, except per share amounts)
Net income	$	138,067	$	62,124	$	51,938
Basic net income per share:
Basic common shares		49,140		48,820		46,308
Basic net income per share	$	2.81	$	1.27	$	1.12

Diluted net income per share:
Basic common shares		49,140		48,820		46,308
Diluted restricted stock awards and stock options		1,134		930		1,086
Diluted common shares		50,274		49,750		47,394
Diluted net income per share	$	2.75	$	1.25	$	1.10

Equity Award Compensation

11. Equity Award Compensation

Cost of Goods Sold

Shipping and Handling Costs

Advertising Costs

Use of Estimates

15. Use of Estimates

Fair Value of Financial Instruments

Level 1 — inputs to the valuation methodology based on quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 3 — inputs to the valuation methodology based on unobservable prices or valuation techniques that are significant to the fair value measurement.

The following table summarizes the carrying values and the estimated fair values of the Company’s debt instruments:



		Carrying Value				Fair Value
		January 31,		January 31,		January 31,		January 31,
Financial Instrument	Level	2019		2018		2019		2018
		(In thousands)
Term loan	2	$	300,000	$	300,000	$	300,000	$	300,000
Revolving credit facility	2		—		12,003		—		12,003
Note issued to LVMH	3		96,618		91,667		88,608		91,667

The fair value of the note issued to LVMH was considered a Level 3 valuation in the fair value hierarchy.

Foreign Currency Translation

17. Foreign Currency Translation

Recent Adopted and Issued Accounting Pronouncements

Effects of Recently Adopted and Issued Accounting Pronouncements

Recently Adopted Accounting Guidance

Accounting Guidance Issued Being Evaluated for Adoption

Reclassification of Prior Year Presentation

SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jan. 31, 2019

Schedule of reconciliation between basic and diluted net income per share

The following table reconciles the numerators and denominators used in the calculation of basic and diluted net income per share:


	Year Ended January 31,
	2019		2018		2017
	(In thousands, except per share amounts)
Net income	$	138,067	$	62,124	$	51,938
Basic net income per share:
Basic common shares		49,140		48,820		46,308
Basic net income per share	$	2.81	$	1.27	$	1.12

Diluted net income per share:
Basic common shares		49,140		48,820		46,308
Diluted restricted stock awards and stock options		1,134		930		1,086
Diluted common shares		50,274		49,750		47,394
Diluted net income per share	$	2.75	$	1.25	$	1.10

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The following table summarizes the carrying values and the estimated fair values of the Company’s debt instruments:



		Carrying Value				Fair Value
		January 31,		January 31,		January 31,		January 31,
Financial Instrument	Level	2019		2018		2019		2018
		(In thousands)
Term loan	2	$	300,000	$	300,000	$	300,000	$	300,000
Revolving credit facility	2		—		12,003		—		12,003
Note issued to LVMH	3		96,618		91,667		88,608		91,667

REVENUE RECOGNITION (Tables)

12 Months Ended

Jan. 31, 2019

ASU 2014-09

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of impact of adopting ASC 606


	January 31, 2019
	(In thousands)
	As Reported		Without Adoption of ASC 606		Impact of Adoption of ASC 606
Assets
Accounts receivable	$	502,133	$	322,785	$	179,348
Inventories		576,383		618,902		(42,519)
Prepaid expenses and other current assets		96,933		58,792		38,141
Deferred income tax assets, net		22,427		5,883		16,544

Liabilities
Accrued expenses		(102,841)		(102,425)		(416)
Customer refund liabilities		(243,589)		—		(243,589)

Equity
Retained earnings		(758,881)		(811,372)		52,491


	For the year ended January 31, 2019
	(In thousands, except per share amounts)
	As Reported		Without Adoption of ASC 606		Impact of Adoption of ASC 606
Net sales	$	3,076,208	$	3,099,114	$	(22,906)
Cost of goods sold		1,969,099		1,965,153		3,946
Selling, general and administrative expenses		834,763		863,261		(28,498)
Operating profit		230,714		229,067		1,647
Income tax expense		45,763		45,353		410
Net income		138,067		136,830		1,237

Net income per common share
Basic		2.81		2.78		0.03
Diluted		2.75		2.72		0.03

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jan. 31, 2019

Property Plant And Equipment [Abstract]

Schedule of property and equipment


		January 31,
		2019		2018
		(In thousands)
Machinery and equipment	5 years	$	2,270	$	1,529
Leasehold improvements	3-13 years		78,403		77,091
Furniture and fixtures	3-10 years		97,133		88,733
Computer equipment and software	2-5 years		32,537		28,301
			210,343		195,654
Less: accumulated depreciation			(123,936)		(97,797)
		$	86,407	$	97,857

ACQUISITIONS AND INTANGIBLES (Tables)

12 Months Ended

Jan. 31, 2019

Business Combinations [Abstract]

Schedule of intangible assets


		January 31,
	Estimated Life	2019		2018
		(In thousands)
Finite-lived intangible assets
Licenses	14 years	$	19,395	$	19,714
Trademarks	8-12 years		2,194		2,194
Customer relationships	15-17 years		48,261		48,371
Other	5-10 years		7,313		5,876
Subtotal			77,163		76,155
Accumulated amortization			(34,759)		(29,750)
Total finite-lived intangible assets		$	42,404	$	46,405
Indefinite-lived intangible assets
Goodwill			261,137		262,710
Trademarks			439,742		442,265
Total indefinite-lived intangible assets			700,879		704,975
Total intangible assets, net		$	743,283	$	751,380

Schedule of changes in amounts of goodwill

Changes in the amounts of goodwill for each of the years ended January 31, 2019 and 2018 are summarized by reportable segment as follows (in thousands):


	Wholesale		Retail		Total
January 31, 2017	$	268,546	$	716	$	269,262
Adjustments to acquired goodwill		(8,973)		—		(8,973)
Goodwill impairment		—		(716)		(716)
Currency translation		3,137		—		3,137
January 31, 2018		262,710		—		262,710
Currency translation		(1,573)		—		(1,573)
January 31, 2019	$	261,137	$	—	$	261,137

Schedule of estimated intangible amortization expense


Year Ending January 31,	Amortization Expense
	(In thousands)
2020	$	4,367
2021		3,871
2022		3,421
2023		3,154
2024		2,928

NOTES PAYABLE AND OTHER LIABILITIES (Tables)

12 Months Ended

Jan. 31, 2019

Debt Disclosure [Abstract]

Schedule of long-term debt


	January 31, 2019		January 31, 2018
	(in thousands)
Term loan	$	300,000	$	300,000
New revolving credit facility		—		12,003
Note issued to LVMH		125,000		125,000
Subtotal		425,000		437,003
Less: Net debt issuance costs (1)		(10,014)		(12,626)
Debt discount		(28,382)		(33,333)
Total	$	386,604	$	391,044

⁽¹⁾

Schedule of components of income tax provision

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Paragraph 1
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
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-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2019

Income Tax Disclosure [Abstract]


	Year Ended January 31,
	2019		2018		2017
	(In thousands)
Current
Federal	$	23,463	$	28,723	$	22,925
State and city		5,907		2,592		4,034
Foreign		10,989		12,532		6,150
		40,359		43,847		33,109
Deferred
Federal		4,419		4,084		(4,776)
State and city		191		1,285		(2,807)
Foreign		794		(1,291)		298
		5,404		4,078		(7,285)
Income tax expense	$	45,763	$	47,925	$	25,824
Income before income taxes
United States	$	137,748	$	93,691	$	55,363
Non-United States		46,082		16,358		22,399
	$	183,830	$	110,049	$	77,762

Schedule of significant components of net deferred tax assets


	2019		2018
	(In thousands)
Deferred income tax assets:
Compensation	$	10,605	$	10,783
Inventory		2,244		—
Straight-line lease		6,642		6,856
Provision for bad debts and sales allowances		33,221		17,819
Supplemental employee retirement plan		401		415
Inventory write-downs		—		—
Net operating loss		3,362		2,983
Other		2,891		212
Gross deferred income tax assets		59,366		39,068
Less: valuation allowance		(2,303)		(1,648)
Net deferred income tax assets		57,063		37,420
Deferred income tax liabilities:
Depreciation and amortization		(25,617)		(16,234)
Intangibles		(21,742)		(22,804)
Prepaid expenses and other		(2,405)		(2,585)
Inventory		—		(246)
Total deferred income tax liabilities		(49,764)		(41,869)
Net deferred tax assets (liabilities)	$	7,299	$	(4,449)

Schedule of reconciliation of statutory federal income tax rate to effective rate reported in financial statements


	2019		2018		2017
Provision for Federal income taxes at the statutory rate	21.0	%	33.8	%	35.0	%
State and local income taxes, net of Federal tax benefit	2.4		0.5		1.0
Permanent differences resulting in Federal taxable income	6.6		8.8		9.6
Tax reform	—		7.5		—
Foreign tax rate differential	0.5		0.2		(1.7)
Share-based payments	(0.6)		(1.2)		(3.8)
Foreign tax credit	(5.5)		(7.7)		(6.5)
Valuation allowance	0.2		1.5		—
Other, net	0.3		0.2		(0.4)
Actual provision for income taxes	24.9	%	43.6	%	33.2	%

Schedule of reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (excluding interest and penalties)


	2019		2018		2017
	(In thousands)
Balance at February 1,	$	82	$	1,094	$	1,094
Additions based on tax positions related to the current year		—		—		—
Additions for tax positions of prior years		—		—		—
Reductions for tax positions of prior years		—		—		—
Settlements		—		—		—
Lapses of statues of limitations		(82)		(1,012)		—
Balance at January 31,	$	—	$	82	$	1,094

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Jan. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Schedule of future minimum rental payments for operating leases having non-cancelable lease periods in excess of one year


Year Ending January 31,	Amount
	(In thousands)
2020	$	94,089
2021		81,085
2022		68,281
2023		60,358
2024		49,416
Thereafter		79,996
	$	433,225

Schedule of future minimum royalty and advertising payments required under these agreements


Year Ending January 31,	Amount
	(In thousands)
2020	$	154,203
2021		97,827
2022		89,485
2023		87,048
2024		49,683
Thereafter		—
	$	478,246

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jan. 31, 2019

Stockholders' Equity Note [Abstract]

Schedule of restricted stock

Restricted Stock Units


		Weighted Average
	Awards	Grant Date
	Outstanding	Fair Value
Unvested as of January 31, 2016	2,048,883	$	30.79
Granted	630,642	$	25.82
Vested	(678,164)	$	22.43
Canceled	(2,500)	$	17.95
Unvested as of January 31, 2017	1,998,861	$	31.70
Granted	279,479	$	16.28
Vested	(495,372)	$	26.39
Canceled	(10,391)	$	28.42
Unvested as of January 31, 2018	1,772,577	$	29.51
Granted	529,253	$	32.34
Vested	(451,929)	$	27.49
Canceled	(28,282)	$	29.23
Unvested as of January 31, 2019	1,821,619	$	30.83

Schedule of information regarding stock options

Stock Options


	2019			2018			2017
		Weighted			Weighted			Weighted
		Average			Average			Average
	Shares	Exercise		Shares	Exercise		Shares	Exercise
Stock options outstanding at beginning of year	62,666	$	11.50	251,131	$	9.16	331,651	$	10.59
Exercised	(15,600)	$	6.55	(188,465)	$	8.38	(20,520)	$	12.65
Granted	8,245	$	30.32	—	$	—	—	$	—
Cancelled or forfeited	—	$	—	—	$	—	(60,000)	$	15.87
Stock options outstanding at end of year	55,311	$	15.70	62,666	$	11.50	251,131	$	9.16
Exercisable	47,066	$	13.14	62,666	$	11.50	251,131	$	9.16

Schedule of information about stock options outstanding


	Number	Weighted	Weighted		Number	Weighted
	Outstanding as of	Average	Average		Exercisable as of	Average
	January 31,	Remaining	Exercise		January 31,	Exercise
Range of Exercise Prices	2019	Contractual Life	Price		2019	Price
$5.55 - $9.20	10,000	0.26	$	6.57	10,000	$	6.57
$12.51 - $17.45	27,066	1.52	$	13.73	27,066	$	13.73
$18.11 - $30.32	18,245	3.51	$	23.63	10,000	$	18.11
	55,311				47,066

Summary of Assumptions Used in Option-Pricing Model for Grants

The following table summarizes the assumptions used in the Black-Scholes option-pricing model for grants in fiscal 2019:



	2019
Weighted-average risk free rate of interest		2.5	%
Expected volatility		51.2	%
Weighted-average expected award life (in years)		2.25
Dividend yield		0	%
Weighted-average fair value	$	9.68

SEGMENTS (Tables)

12 Months Ended

Jan. 31, 2019

Segment Reporting [Abstract]

Schedule of information regarding reportable segments


	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


	January 31, 2017
	Wholesale		Retail		Elimination (1)		Total
Net sales (2)	$	2,021,736	$	474,217	$	(109,518)	$	2,386,435
Cost of goods sold		1,387,274		267,351		(109,518)		1,545,107
Gross Profit		634,462		206,866		—		841,328
Selling, general and administrative expenses		457,786		246,650		—		704,436
Depreciation and amortization		21,483		10,998		—		32,481
Asset impairments		—		10,480		—		10,480
Operating profit (loss)	$	155,193	$	(61,262)	$	—	$	93,931

⁽¹⁾

Represents intersegment sales to the Company’s retail operations segment.

⁽²⁾

Schedule of total assets for each reportable segments


	January 31,		January 31,
	2019		2018
	(In thousands)
Wholesale	$	1,834,610	$	1,554,191
Retail		190,996		215,568
Corporate		182,452		145,418
Total Assets	$	2,208,058	$	1,915,177

Schedule of total net sales and long-lived assets by geographic region


	2019				2018				2017
			Long-Lived				Long-Lived				Long-Lived
Geographic Region	Net Sales		Assets		Net Sales		Assets		Net Sales		Assets
United States	$	2,656,479	$	762,444	$	2,466,107	$	770,128	$	2,180,409	$	790,341
Non-United States		419,729		191,719		340,831		185,448		206,026		178,665
	$	3,076,208	$	954,163	$	2,806,938	$	955,576	$	2,386,435	$	969,006

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Jan. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of summarized quarterly financial data

NOTE O — QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for the fiscal years ended January 31, 2018 and 2019 are as follows (in thousands, except per share amounts):


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2018		2018		2018		2019 (1)
Net sales	$	611,743	$	624,698	$	1,072,982	$	766,785
Gross Profit		234,527		231,544		382,100		258,938
Net income		9,885		10,077		94,025		24,080
Net income per common share
Basic	$	0.20	$	0.20	$	1.91	$	0.49
Diluted	$	0.20	$	0.20	$	1.86	$	0.48


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2017		2017		2017		2018 (2)
	(As Adjusted) (3)
Net sales	$	529,042	$	538,006	$	1,024,993	$	714,897
Gross Profit		201,716		202,990		391,096		258,937
Net income (loss)		(10,391)		(8,568)		81,625		(542)
Net income (loss) per common share
Basic	$	(0.21)	$	(0.18)	$	1.67	$	(0.01)
Diluted	$	(0.21)	$	(0.18)	$	1.65	$	(0.01)

⁽¹⁾

⁽²⁾

⁽³⁾

SIGNIFICANT ACCOUNTING POLICIES - Reconciliation between Basic and Diluted Net Income per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2019

^[1]

Oct. 31, 2018

Jul. 31, 2018

Apr. 30, 2018

Jan. 31, 2018

^[2],[3]

Oct. 31, 2017

^[2]

Jul. 31, 2017

^[2]

Apr. 30, 2017

^[2]

Jan. 31, 2019

Jan. 31, 2018

Jan. 31, 2017

Basic net income (loss) per share (in dollars per share)

$ 24,080

$ 94,025

$ 10,077

$ 9,885

$ (542)

$ 81,625

$ (8,568)

$ (10,391)

$ 138,067

$ 62,124

$ 51,938

Basic net income per share:

Basic common shares

49,140

48,820

46,308

$ 0.49

$ 1.91

$ 0.20

$ (0.01)

$ 1.67

$ (0.18)

$ (0.21)

$ 2.81

$ 1.27

$ 1.12

Diluted net income per share:

Basic common shares

49,140

48,820

46,308

Diluted restricted stock awards and stock options

1,134

930

1,086

Diluted common shares

50,274

49,750

47,394

Diluted net income per share (in dollars per share)

$ 0.48

$ 1.86

$ 0.20

$ (0.01)

$ 1.65

$ (0.18)

$ (0.21)

$ 2.75

$ 1.25

$ 1.10

[1]	During the fourth quarter of fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and DKNY stores as a result of the performance at these stores.During
[2]	Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other loss
[3]	During the fourth quarter of fiscal 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores, (ii) a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores and (iii) a $0.7 million write-off of goodwill related to the retail operations segment as a result of the performance of the retail operations segment.

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Accounts receivable, net of allowance for doubtful accounts of $0.9 million and $2.1 million, respectively

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

SIGNIFICANT ACCOUNTING POLICIES - Textuals (Details) - USD ($) $ in Thousands			3 Months Ended		12 Months Ended
	Jan. 01, 2018	Dec. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017	Feb. 29, 2016
Accounting Policies [Line Items]
Impairment charge with respect to leasehold improvements and furniture and fixture					$ 2,813	$ 7,884	$ 10,480
Corporate income tax rate	21.00%	35.00%			21.00%	33.80%	35.00%
Goodwill written off						$ 700
Additional diluted common shares included in diluted net income per share					1,134,000	930,000	1,086,000
Selling, general and administrative expenses					$ 834,763	$ 855,247	$ 704,436
Retained earnings			$ 758,881	$ 674,542	$ 758,881	$ 674,542
Anti-dilutive shares excluded from diluted net income per share calculation					336,000	466,000	384,000
Common stock issued in connection with exercise or vesting of equity awards					168,179	201,968	194,618
Treasury shares re-issued in connection with the exercise or vesting of equity awards					150,809	270,083
Advertising expense					$ 87,000	$ 104,800	$ 89,500
Prepaid advertising			9,000	9,700	$ 9,000	9,700
Furniture and fixtures \| Wilsons, G H Bass And Vilebrequin Stores
Accounting Policies [Line Items]
Impairment charge with respect to leasehold improvements and furniture and fixture			$ 2,800	6,500
Furniture and fixtures \| Bon Ton Stores
Accounting Policies [Line Items]
Impairment charge with respect to leasehold improvements and furniture and fixture				$ 700
LVMH Note
Accounting Policies [Line Items]
Debt instrument interest rate			2.00%		2.00%
Debt discount			$ 40,000		$ 40,000
Effects of Recently Issued Accounting Pronouncements
Accounting Policies [Line Items]
Additional diluted common shares included in diluted net income per share							207,000
KL North America BV (“KLNA”) and Fabco Holding B.V. (“Fabco”) \| Equity method of accounting
Accounting Policies [Line Items]
Percentage of ownership interest			49.00%		49.00%
Kingdom Holding 1 BV ("KH1")
Accounting Policies [Line Items]
Percent of interest acquired			19.00%		19.00%			19.00%
Wholesale shipping and handling costs
Accounting Policies [Line Items]
Selling, general and administrative expenses					$ 125,900	120,200	$ 99,100
Minimum
Accounting Policies [Line Items]
Intangible assets, estimated useful lives					5 years
Vesting and exercise period of awards					2 years
Minimum \| Restricted Stock Units (RSUs) \| Long-Term Incentive Stock Plan
Accounting Policies [Line Items]
Vesting and exercise period of awards					2 years
Maximum
Accounting Policies [Line Items]
Intangible assets, estimated useful lives					17 years
Vesting and exercise period of awards					5 years
Maximum \| Restricted Stock Units (RSUs) \| Long-Term Incentive Stock Plan
Accounting Policies [Line Items]
Vesting and exercise period of awards					5 years
Maximum \| Stock Options
Accounting Policies [Line Items]
Vesting and exercise period of awards					10 years
Retail
Accounting Policies [Line Items]
Goodwill written off						700
Wilsons, G.H. Bass and DKNY Stores [Member]
Accounting Policies [Line Items]
Impairment charge on leasehold improvements					$ 2,800
Wilsons, G.H. Bass and DKNY Stores [Member] \| Furniture and fixtures
Accounting Policies [Line Items]
Impairment charge on leasehold improvements					$ 2,800
Wilsons, G H Bass And Vilebrequin Stores
Accounting Policies [Line Items]
Impairment charge on leasehold improvements						6,500
Wilsons, G H Bass And Vilebrequin Stores \| Furniture and fixtures
Accounting Policies [Line Items]
Impairment charge on leasehold improvements						6,500
Certain Customers' Stores [Member]
Accounting Policies [Line Items]
Impairment charge on leasehold improvements						700
Certain Customers' Stores [Member] \| Furniture and fixtures
Accounting Policies [Line Items]
Impairment charge on leasehold improvements						$ 700
Wilsons and G.H. Bass Stores [Member]
Accounting Policies [Line Items]
Impairment charge on leasehold improvements							10,500
Wilsons and G.H. Bass Stores [Member] \| Furniture and fixtures
Accounting Policies [Line Items]
Impairment charge on leasehold improvements							$ 10,500

SIGNIFICANT ACCOUNTING POLICIES - Carrying Values and the Estimated Fair Values of Debt Instruments (Details) - USD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018
Level 2 \| Senior secured term loan facility (the "Term Loan")
Debt Instrument [Line Items]
Debt instruments, carrying value	$ 300,000	$ 300,000
Debt instruments, fair value	300,000	300,000
Level 2 \| Revolving credit facility
Debt Instrument [Line Items]
Debt instruments, carrying value		12,003
Debt instruments, fair value		12,003
Level 3 \| LVMH Note
Debt Instrument [Line Items]
Debt instruments, carrying value	96,618	91,667
Debt instruments, fair value	$ 88,608	$ 91,667

SIGNIFICANT ACCOUNTING POLICIES - Effects of Recently Adopted and Issued Accounting Pronouncements (Details) $ in Millions		3 Months Ended
	Feb. 01, 2019 USD ($) store	Jan. 31, 2017 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Amount of additional SAB 118 tax expense		$ 6.9
Additional tax expense related to transition tax		3.3
Amount of income tax expense offset by income tax benefit related to revaluing deferred tax assets and liabilities		$ 4.4
Forecast \| ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of retail store leases \| store	437
Minimum \| Forecast \| ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease liabilities	$ 300.0
Operating lease right-of-use assets	300.0
Maximum \| Forecast \| ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease liabilities	400.0
Operating lease right-of-use assets	$ 400.0

REVENUE RECOGNITION - Consolidated Statements of Income (Details) - USD ($)
$ in Thousands

Jan. 31, 2019

Jan. 31, 2018

Assets

$ 502,133

$ 294,430

^[1]

576,383

553,323

96,933

51,014

22,427

11,439

Liabilities

Customer refund liabilities

(102,841)

(95,055)

(243,589)

Equity

Without Adoption of ASC 606

(758,881)

$ (674,542)

Assets

Accounts receivable, net of allowance for doubtful accounts of $0.9 million and $2.1 million, respectively

322,785

618,902

58,792

5,883

Liabilities

(102,425)

Equity

Impact of Adoption of ASC 606

(811,372)

Assets

Accounts receivable, net of allowance for doubtful accounts of $0.9 million and $2.1 million, respectively

179,348

(42,519)

38,141

16,544

Liabilities

Customer refund liabilities

(416)

(243,589)

Equity

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

$ 52,491

[1]	Also, net of accrued returns of $61.2 million and sales discounts of $102.1 million

REVENUE RECOGNITION - Consolidated Comprehensive Income (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2019

^[1]

Oct. 31, 2018

Jul. 31, 2018

Apr. 30, 2018

Jan. 31, 2018

^[2],[3]

Oct. 31, 2017

^[2]

Jul. 31, 2017

^[2]

Apr. 30, 2017

^[2]

Jan. 31, 2019

Jan. 31, 2018

Jan. 31, 2017

$ 766,785

$ 1,072,982

$ 624,698

$ 611,743

$ 714,897

$ 1,024,993

$ 538,006

$ 529,042

$ 3,076,208

^[4]

$ 2,806,938

$ 2,386,435

^[4]

1,969,099

1,752,199

1,545,107

834,763

855,247

704,436

230,714

153,825

93,931

45,763

47,925

25,824

Basic (in dollars per share)

$ 24,080

$ 94,025

$ 10,077

$ 9,885

$ (542)

$ 81,625

$ (8,568)

$ (10,391)

$ 138,067

$ 62,124

$ 51,938

Net income per common share

$ 0.49

$ 1.91

$ 0.20

$ (0.01)

$ 1.67

$ (0.18)

$ (0.21)

$ 2.81

$ 1.27

$ 1.12

Diluted (in dollars per share)

$ 0.48

$ 1.86

$ 0.20

$ (0.01)

$ 1.65

$ (0.18)

$ (0.21)

$ 2.75

$ 1.25

$ 1.10

Without Adoption of ASC 606

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

$ 3,099,114

1,965,153

863,261

229,067

45,353

Basic (in dollars per share)

$ 136,830

Net income per common share

$ 2.78

Diluted (in dollars per share)

$ 2.72

Impact of Adoption of ASC 606

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

$ (22,906)

3,946

(28,498)

1,647

410

Basic (in dollars per share)

$ 1,237

Net income per common share

$ 0.03

Diluted (in dollars per share)

$ 0.03

[1]	During the fourth quarter of fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and DKNY stores as a result of the performance at these stores.During
[2]	Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other loss
[3]	During the fourth quarter of fiscal 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores, (ii) a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores and (iii) a $0.7 million write-off of goodwill related to the retail operations segment as a result of the performance of the retail operations segment.
[4]	Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.

REVENUE RECOGNITION - Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue recognized	$ 5,800
Customer refund liability	243,589
Contract liability	6,400	$ 6,000
Contract assets	0	0
Impact of Adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Reduction in stockholders equity		$ 53,700
Customer refund liability	$ 243,589

INVENTORIES - Textuals (Details) - USD ($) $ in Millions	Jan. 31, 2019	Jan. 31, 2018
Inventory [Line Items]
Inventory held on consignment	$ 4.9	$ 3.3
Prepaid Expenses and Other Current Assets
Inventory [Line Items]
Inventory returns assets	$ 42.4	$ 39.4

PROPERTY AND EQUIPMENT - Property and Equipment at Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 210,343	$ 195,654
Less: accumulated depreciation	(123,936)	(97,797)
Property and equipment, net	$ 86,407	97,857
Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of fixed assets	5 years
Property and equipment, gross	$ 2,270	1,529
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 78,403	77,091
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of fixed assets	3 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of fixed assets	13 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 97,133	88,733
Furniture and fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of fixed assets	3 years
Furniture and fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of fixed assets	10 years
Computer equipment and software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 32,537	$ 28,301
Computer equipment and software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of fixed assets	2 years
Computer equipment and software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of fixed assets	5 years

PROPERTY AND EQUIPMENT - Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Property Plant And Equipment [Line Items]
Impairment charge with respect to leasehold improvements and furniture and fixture	$ 2,813	$ 7,884	$ 10,480
Fixed asset write offs	2,000	3,600
Depreciation expense	33,900	32,800	29,600
Wilsons, G.H. Bass and DKNY Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements	2,800
Wilsons, G H Bass And Vilebrequin Stores
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements		6,500
Certain Customers' Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements		700
Wilsons and G.H. Bass Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements			10,500
Furniture and fixtures \| Wilsons, G.H. Bass and DKNY Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements	$ 2,800
Furniture and fixtures \| Wilsons, G H Bass And Vilebrequin Stores
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements		6,500
Furniture and fixtures \| Certain Customers' Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements		$ 700
Furniture and fixtures \| Wilsons and G.H. Bass Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements			$ 10,500

INTANGIBLES - Intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 77,163	$ 76,155
Accumulated amortization	(34,759)	(29,750)
Total finite-lived intangible assets	42,404	46,405
Unamortized intangible assets
Goodwill	261,137	262,710	$ 269,262
Trademarks	439,742	442,265
Total indefinite-lived intangible assets	700,879	704,975
Total intangible assets, net	$ 743,283	751,380
Minimum
Unamortized intangible assets
Estimated Life	5 years
Maximum
Unamortized intangible assets
Estimated Life	17 years
License Agreements
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 19,395	19,714
Unamortized intangible assets
Estimated Life	14 years
Trademarks
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 2,194	2,194
Trademarks \| Minimum
Unamortized intangible assets
Estimated Life	8 years
Trademarks \| Maximum
Unamortized intangible assets
Estimated Life	12 years
Customer Relationships
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 48,261	48,371
Customer Relationships \| Minimum
Unamortized intangible assets
Estimated Life	15 years
Customer Relationships \| Maximum
Unamortized intangible assets
Estimated Life	17 years
Other
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 7,313	$ 5,876
Other \| Minimum
Unamortized intangible assets
Estimated Life	5 years
Other \| Maximum
Unamortized intangible assets
Estimated Life	10 years

INTANGIBLES - Estimated amortization expense (Details) $ in Thousands	Jan. 31, 2019 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2020	$ 4,367
2021	3,871
2022	3,421
2023	3,154
2024	$ 2,928

INTANGIBLES - Change in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 262,710	$ 269,262
Adjustments to acquired goodwill		(8,973)
Goodwill impairment		(716)
Currency translation	(1,573)	3,137
Goodwill, Ending Balance	261,137	262,710
Wholesale operations
Goodwill [Roll Forward]
Goodwill, Beginning Balance	262,710	268,546
Adjustments to acquired goodwill		(8,973)
Currency translation	(1,573)	3,137
Goodwill, Ending Balance	261,137	262,710
Retail
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 700	716
Goodwill impairment		(716)
Goodwill, Ending Balance		$ 700

INTANGIBLES - Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
INTANGIBLES - Textuals (Details) - USD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Business Acquisition [Line Items]
Proceeds from shares issuance			$ 75,000
Intangible assets amortization expense	$ 4,600	$ 4,500	2,500
Goodwill	$ 261,137	262,710	$ 269,262
Goodwill written off		700
DKI
Business Acquisition [Line Items]
Reduction in goodwill related to unrecorded indemnification obligations from LVMH		$ 9,000

NOTES PAYABLE AND OTHER LIABILITIES - Long-term debt (Details) - USD ($)
$ in Thousands

Jan. 31, 2019

Jan. 31, 2018

$ (7,100)

$ (9,500)

Long-term Debt

425,000

437,003

Senior secured term loan facility (the "Term Loan")

^[1]

(10,014)

(12,626)

Debt discount

(28,382)

(33,333)

Total

386,604

391,044

Senior secured term loan facility (the "Term Loan") | Long-term Debt

(18,300)

Revolving credit facility

300,000

Revolving credit facility | Long-term Debt

(12,400)

12,003

LVMH Note

LVMH Note | Long-term Debt

Debt discount

(40,000)

$ 125,000

[1]

NOTES PAYABLE AND OTHER LIABILITIES - Future Debt Maturities (Detail) $ in Thousands	Jan. 31, 2019 USD ($)
Debt Disclosure [Abstract]
2023	$ 300,000
2024 and thereafter	$ 125,000

NOTES PAYABLE AND OTHER LIABILITIES - Accrued expenses (Details) - USD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018
Debt Disclosure [Abstract]
Accrued bonuses	$ 44,519	$ 36,137
Other accrued expenses	58,322	58,918
Accrued Liabilities, Current, Total	$ 102,841	$ 95,055

NOTES PAYABLE AND OTHER LIABILITIES - Textuals (Details) $ in Thousands		12 Months Ended
	Dec. 01, 2016 USD ($)	Jan. 31, 2019 USD ($) item	Jan. 31, 2018 USD ($)	Jan. 31, 2017 USD ($)
Debt Instrument [Line Items]
Debt issuance costs		$ 7,100	$ 9,500
Amortization of debt issuance cost		10,052	$ 10,890	$ 5,157
Senior secured term loan facility (the "Term Loan")
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 350,000
Amortization payments percentage of original aggregate principal amount		0.625%
Loan expenses		$ 2,600
Prepayment of principal amount	$ 50,000
Floor rate		1.00%
Applicable margin		5.25%
Term loan description		The Term Loan is also required to be prepaid in an amount equal to 75% of the "Excess Cash Flow" (as defined in the Term Loan) of the Company with respect to each fiscal year ending on or after January 31, 2018. The percentage of Excess Cash Flow that must be so applied is reduced to 50% if the Company's senior secured leverage ratio is less than 3.00 to 1.00, to 25% if the Company's senior secured leverage ratio is less than 2.75 to 1.00 and to 0% if the Company's senior secured leverage ratio is less than 2.25 to 1.00.
Prepayment percentage of excess cash flow		75.00%
Prepayment percentage of excess cash flow when leverage ratio less than 3.00 to 1.00		50.00%
Prepayment percentage of excess cash flow when leverage ratio less than 2.75 to 1.00		25.00%
Prepayment percentage of excess cash flow when leverage ratio less than 2.25 to 1.00		0.00%
Leverage ratio description for 50% prepayment		less than 3.00 to 1.00
Leverage ratio description for 25% prepayment		less than 2.75 to 1.00
Leverage ratio description for 0% prepayment		less than 2.25 to 1.00
Debt issuance costs		$ 18,300
Weighted average interest rate		7.48%
Debt instrument interest rate		0.25%
Effect of change on interest expenses		$ 800
Interest rate terms		Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to LIBOR, subject to a 1% floor, plus an applicable margin of 5.25% or an alternate base rate (defined as the greatest of (i) the "prime rate" as published by the Wall Street Journal from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus 4.25%, per annum, payable in cash.
Senior secured term loan facility (the "Term Loan") \| LIBOR plus
Debt Instrument [Line Items]
Spread interest rate		4.25%
Senior secured term loan facility (the "Term Loan") \| Federal funds rate plus
Debt Instrument [Line Items]
Spread interest rate		0.50%
Senior secured term loan facility (the "Term Loan") \| Prepayment fee percentage
Debt Instrument [Line Items]
Long term debt, measurement input \| item		0.01
Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 650,000
Debt instrument commitment fee percentage		0.25%
Term of credit agreement		5 years
Term loan description		The new revolving credit facility contains a number of covenants that, among other things, restrict the Company's ability, subject to specified exceptions, to incur additional debt; incur liens; sell or dispose of assets; merge with other companies; liquidate or dissolve itself; acquire other companies; make loans, advances, or guarantees; and make certain investments. In certain circumstances, the new revolving credit facility also requires G-III to maintain a minimum fixed charge coverage ratio, as defined, that should not exceed 1.00 to 1.00 for each period of twelve consecutive fiscal months of holdings.
Debt issuance costs		$ 12,400
Weighted average interest rate		3.77%
Revolving credit facility \| Federal funds rate plus
Debt Instrument [Line Items]
Spread interest rate		0.50%
LVMH Note
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 125,000
Debt instrument interest rate		2.00%
Debt discount		$ 40,000
LVMH Note \| Notes Payable Due On June 1 2023
Debt Instrument [Line Items]
Principal amount of debt		75,000
LVMH Note \| Notes Payable due on December 1, 2023
Debt Instrument [Line Items]
Principal amount of debt		50,000
Old Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing amount		$ 450,000
Term of credit agreement		5 years
Weighted average interest rate		2.10%
Trade letters of Credit \| Revolving credit facility
Debt Instrument [Line Items]
Borrowings outstanding		$ 11,400
Standby Letters of Credit \| Revolving credit facility
Debt Instrument [Line Items]
Borrowings outstanding		$ 3,400
Minimum \| Revolving credit facility \| LIBOR plus
Debt Instrument [Line Items]
Spread interest rate		1.25%
LIBOR rate for borrowing with an interest period of one month		0.25%
Minimum \| Old Revolving Credit Facility \| LIBOR plus
Debt Instrument [Line Items]
Spread interest rate		1.50%
Minimum \| Old Revolving Credit Facility \| Prime Rate [Member]
Debt Instrument [Line Items]
Spread interest rate		0.50%
Maximum \| Revolving credit facility \| LIBOR plus
Debt Instrument [Line Items]
Spread interest rate		1.75%
LIBOR rate for borrowing with an interest period of one month		0.75%
Maximum \| Old Revolving Credit Facility \| LIBOR plus
Debt Instrument [Line Items]
Spread interest rate		2.00%
Maximum \| Old Revolving Credit Facility \| Prime Rate [Member]
Debt Instrument [Line Items]
Spread interest rate		1.00%

INCOME TAXES - Components of Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Current
Federal	$ 23,463	$ 28,723	$ 22,925
State and city	5,907	2,592	4,034
Foreign	10,989	12,532	6,150
Current Income Tax Expense (Benefit), Total	40,359	43,847	33,109
Deferred
Federal	4,419	4,084	(4,776)
State and city	191	1,285	(2,807)
Foreign	794	(1,291)	298
Deferred Income Tax Expense (Benefit), Total	5,404	4,078	(7,285)
Income tax expense	45,763	47,925	25,824
Income before income taxes
United States	137,748	93,691	55,363
Non-United States	46,082	16,358	22,399
Income before income taxes	$ 183,830	$ 110,049	$ 77,762

INCOME TAXES - Summary of Significant Components of Net Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018
Deferred Income Tax Assets:
Compensation	$ 10,605	$ 10,783
Inventory	2,244
Straight-line lease	6,642	6,856
Provision for bad debts and sales allowances	33,221	17,819
Supplemental employee retirement plan	401	415
Net operating loss	3,362	2,983
Other	2,891	212
Gross deferred income tax assets	59,366	39,068
Less valuation allowance	(2,303)	(1,648)
Net deferred income tax assets	57,063	37,420
Deferred income tax liabilities:
Depreciation and amortization	(25,617)	(16,234)
Intangibles	(21,742)	(22,804)
Prepaid expenses and other	(2,405)	(2,585)
Inventory		(246)
Total deferred income tax liabilities	(49,764)	(41,869)
Net deferred tax assets	$ 7,299
Net deferred tax liabilities		$ (4,449)

INCOME TAXES - Reconciliation of Statutory Federal Income Tax Rate to Effective Rate Reported in Financial Statements (Details)			12 Months Ended
	Jan. 01, 2018	Dec. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Income Tax Disclosure [Abstract]
Provision for Federal income taxes at the statutory rate	21.00%	35.00%	21.00%	33.80%	35.00%
State and local income taxes, net of Federal tax benefit			2.40%	0.50%	1.00%
Permanent differences resulting in Federal taxable income			6.60%	8.80%	9.60%
Tax reform				7.50%
Foreign tax rate differential			0.50%	0.20%	(1.70%)
Share-based payments			(0.60%)	(1.20%)	(3.80%)
Foreign tax credit			(5.50%)	(7.70%)	(6.50%)
Valuation allowance			0.20%	1.50%
Other, net			0.30%	0.20%	(0.40%)
Actual provision for income taxes			24.90%	43.60%	33.20%

INCOME TAXES - Reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at February 1,	$ 82	$ 1,094	$ 1,094
Additions based on tax positions related to the current year	0	0	0
Additions for tax positions of prior years	0	0	0
Reductions for tax positions of prior years	0	0	0
Settlements	0	0	0
Lapses of statutes of limitations	$ (82)	(1,012)	0
Balance at January 31,		$ 82	$ 1,094

INCOME TAXES - Textuals (Details) - USD ($) $ in Thousands			3 Months Ended	12 Months Ended
INCOME TAXES - Textuals (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Dec. 31, 2017	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Income Taxes [Line Items]
Corporate income tax rate	21.00%	35.00%		21.00%	33.80%	35.00%
Amount of additional SAB 118 tax expense			$ 6,900
Additional tax expense related to transition tax			3,300
Amount of income tax expense offset by income tax benefit related to revaluing deferred tax assets and liabilities			$ 4,400
Corporate income tax rate effective in 2018			21.00%
Deferred tax liabilities related to intangible assets				$ 21,742	$ 22,804
Valuation allowance of deferred tax assets				400
Undistributed earnings of foreign subsidiaries				78,000
Decrease in unrecognized tax position reserve for current year accrual of interest and penalties				100
Lapses of statutes of limitations				82	1,012	$ 0
GILTI Tax impact				200
SWITZERLAND
Income Taxes [Line Items]
Deferred tax liabilities related to intangible assets				$ 15,100	$ 15,800
SWITZERLAND \| T.R.B. International S.A. [Member]
Income Taxes [Line Items]
Corporate income tax rate				11.60%

COMMITMENTS AND CONTINGENCIES - Future Minimum Rental Payments for Operating Leases Having Non-Cancelable Lease Periods in Excess of One Year (Details) $ in Thousands	Jan. 31, 2019 USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2020	$ 94,089
2021	81,085
2022	68,281
2023	60,358
2024	49,416
Thereafter	79,996
Future minimum rental payments for operating leases, total	$ 433,225

COMMITMENTS AND CONTINGENCIES - Future Minimum Royalty and Advertising Payments (Details) - Royalty and Advertising Payments $ in Thousands	Jan. 31, 2019 USD ($)
Licenses Agreements [Line Items]
2020	$ 154,203
2021	97,827
2022	89,485
2023	87,048
2024	49,683
Future minimum royalty and advertising payments, total	$ 478,246

COMMITMENTS AND CONTINGENCIES - Textuals (Details) $ in Millions, $ in Millions			1 Months Ended	12 Months Ended
	Mar. 14, 2018 CAD ($)	Mar. 14, 2018 USD ($)	Oct. 27, 2017	Jan. 31, 2019 CAD ($)	Jan. 31, 2019 USD ($)	Jan. 31, 2018 USD ($)	Jan. 31, 2017 USD ($)
Commitment And Contingencies [Line Items]
Rent expense					$ 108.2	$ 110.4	$ 84.7
Advertising expense					87.0	104.8	89.5
CBSA
Commitment And Contingencies [Line Items]
Reassessment period to additional duties			90 days
License Agreements
Commitment And Contingencies [Line Items]
Royalty expense					165.7	154.3	139.0
Advertising expense					46.2	$ 43.4	$ 39.2
G-III Apparel Canada ULC
Commitment And Contingencies [Line Items]
Value of bond issued for prepayments of additional duties	$ 26.9	$ 20.9
Deferred expenses				$ 10.5	$ 8.0

STOCKHOLDERS' EQUITY - Restricted Stock (Details) - $ / shares	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Awards Outstanding
Unvested, beginning balance	1,772,577	1,998,861	2,048,883
Granted	529,253	279,479	630,642
Vested	(451,929)	(495,372)	(678,164)
Canceled	(28,282)	(10,391)	(2,500)
Unvested, ending balance	1,821,619	1,772,577	1,998,861
Weighted Average Grant Date Fair Value
Unvested, beginning balance	$ 29.51	$ 31.70	$ 30.79
Granted	32.34	16.28	25.82
Vested	27.49	26.39	22.43
Canceled	29.23	28.42	17.95
Unvested, ending balance	$ 30.83	$ 29.51	$ 31.70

STOCKHOLDERS' EQUITY - Information Regarding All Stock Options (Details) - $ / shares	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Shares
Stock options outstanding at beginning of year	62,666	251,131	331,651
Exercised	(15,600)	(188,465)	(20,520)
Granted	8,245	0	0
Cancelled or forfeited			(60,000)
Stock options outstanding at end of year	55,311	62,666	251,131
Exercisable	47,066	62,666	251,131
Weighted Average Exercise Price
Stock options outstanding at beginning of year	$ 11.50	$ 9.16	$ 10.59
Exercised	6.55	8.38	12.65
Granted	30.32
Cancelled or forfeited			15.87
Stock options outstanding at end of year	15.70	11.50	9.16
Exercisable	$ 13.14	$ 11.50	$ 9.16

STOCKHOLDERS' EQUITY - Summary of Information about Stock Options Outstanding (Details)	12 Months Ended
	Jan. 31, 2019 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number, Outstanding Shares \| shares	55,311
Number, Exercisable Shares \| shares	47,066
Exercise Price Range $5.55 - $9.20
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, minimum	$ 5.55
Range of Exercise Prices, maximum	$ 9.20
Number, Outstanding Shares \| shares	10,000
Weighted Average Remaining Contractual Life	3 months 4 days
Weighted Average Exercise Price	$ 6.57
Number, Exercisable Shares \| shares	10,000
Weighted Average Exercise Price, Exercisable	$ 6.57
Exercisable Price Range $12.51 - $17.45
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, minimum	12.51
Range of Exercise Prices, maximum	$ 17.45
Number, Outstanding Shares \| shares	27,066
Weighted Average Remaining Contractual Life	1 year 6 months 7 days
Weighted Average Exercise Price	$ 13.73
Number, Exercisable Shares \| shares	27,066
Weighted Average Exercise Price, Exercisable	$ 13.73
Exercisable Price Range $18.11 - $30.32
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, minimum	18.11
Range of Exercise Prices, maximum	$ 30.32
Number, Outstanding Shares \| shares	18,245
Weighted Average Remaining Contractual Life	3 years 6 months 4 days
Weighted Average Exercise Price	$ 23.63
Number, Exercisable Shares \| shares	10,000
Weighted Average Exercise Price, Exercisable	$ 18.11

STOCKHOLDERS' EQUITY - Summary of Assumptions Used in Option-Pricing Model for Grants (Details)	12 Months Ended
	Jan. 31, 2019 $ / shares
Stockholders' Equity Note [Abstract]
Weighted-average risk free rate of interest	2.50%
Expected volatility	51.20%
Weighted-average expected award life (in years)	2 years 3 months
Dividend yield	0.00%
Weighted-average fair value	$ 9.68

STOCKHOLDERS' EQUITY - Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Stockholders Equity [Line Items]
Number of shares authorized to be repurchased under prior program	5,000,000
Common stock share acquired	723,072
Aggregate purchase price	$ 20,311
Granted	8,245	0	0
Dividend yield	0.00%
Proceeds from exercise of equity awards	$ 101	$ 1,578	$ 260
Share-based compensation expense	$ (19,694)	(19,665)	(16,901)
Long-Term Incentive Stock Plan
Stockholders Equity [Line Items]
Shares available for grant	717,381
Minimum
Stockholders Equity [Line Items]
Vesting and exercise period of awards	2 years
Maximum
Stockholders Equity [Line Items]
Vesting and exercise period of awards	5 years
Restricted Stock Units (RSUs) \| Long-Term Incentive Stock Plan
Stockholders Equity [Line Items]
Share-based compensation expense	$ 19,700	19,700	16,900
Unrecognized stock compensation related to unvested option awards	$ 19,400	23,000	40,700
Restricted Stock Units (RSUs) \| Minimum \| Long-Term Incentive Stock Plan
Stockholders Equity [Line Items]
Vesting and exercise period of awards	2 years
Restricted Stock Units (RSUs) \| Maximum \| Long-Term Incentive Stock Plan
Stockholders Equity [Line Items]
Vesting and exercise period of awards	5 years
Stock Options
Stockholders Equity [Line Items]
Weighted average remaining term for stock options outstanding	1 year 10 months 24 days
Aggregate intrinsic value for stock options outstanding	$ 1,100
Aggregate intrinsic value for stock option exercisable	1,000
Proceeds from exercise of equity awards	100	1,600
Intrinsic value of stock options exercised	400	3,600
Share-based compensation expense	$ 0	$ 0	$ 100
Stock Options \| Maximum
Stockholders Equity [Line Items]
Vesting and exercise period of awards	10 years

CONCENTRATION - Textuals (Details)	12 Months Ended
CONCENTRATION - Textuals (Details)	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Customer One \| Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk	27.50%	22.20%
Customer Two \| Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk	16.50%	17.20%
Customer \| Sales Revenue, Net [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk		22.20%	21.80%
Customer \| Customer One \| Sales Revenue, Net [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk	24.80%
Customer \| Customer Two \| Sales Revenue, Net [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk	12.40%
Supplier
Revenue, Major Customer [Line Items]
Percentage of concentration risk	61.50%	65.10%	72.00%
Vendors
Revenue, Major Customer [Line Items]
Percentage of concentration risk			23.90%
Vendors \| One Vendor
Revenue, Major Customer [Line Items]
Percentage of concentration risk	14.40%	14.70%	13.60%
Vendors \| Two Vendor
Revenue, Major Customer [Line Items]
Percentage of concentration risk			10.30%

EMPLOYEE BENEFIT PLANS - Textuals (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Defined Contribution Plan Disclosure [Line Items]
Non-discretionary matching contribution	100.00%
Percentage of employee's compensation matched by employer	3.00%
Employer matching percentage of employee contributions	50.00%
Percentage of additional employee's compensation matched by employer	2.00%
DKI
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, matching contributions	$ 3.8	$ 3.6	$ 2.9

SEGMENTS - Information Regarding Reportable Segments (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2019

^[1]

Oct. 31, 2018

Jul. 31, 2018

Apr. 30, 2018

Jan. 31, 2018

^[2],[3]

Oct. 31, 2017

^[2]

Jul. 31, 2017

^[2]

Apr. 30, 2017

^[2]

Jan. 31, 2019

Jan. 31, 2018

Jan. 31, 2017

$ 766,785

$ 1,072,982

$ 624,698

$ 611,743

$ 714,897

$ 1,024,993

$ 538,006

$ 529,042

$ 3,076,208

^[4]

$ 2,806,938

$ 2,386,435

^[4]

1,969,099

1,752,199

1,545,107

$ 258,938

$ 382,100

$ 231,544

$ 234,527

$ 258,937

$ 391,096

$ 202,990

$ 201,716

1,107,109

1,054,739

841,328

834,763

855,247

704,436

38,819

37,783

32,481

2,813

7,884

10,480

Operating Segments | Wholesale operations

230,714

153,825

93,931

2,716,958

^[4]

2,454,008

2,021,736

^[4]

1,837,335

1,650,084

1,387,274

879,623

803,924

634,462

570,290

571,164

457,786

29,644

27,679

21,483

2,310

Operating Segments | Retail

279,689

202,771

155,193

476,764

^[4]

502,494

474,217

^[4]

249,278

251,679

267,351

227,486

250,815

206,866

264,473

284,083

246,650

9,175

10,104

10,998

2,813

5,574

10,480

(48,975)

(48,946)

(61,262)

Elimination

^[5]

(117,514)

^[4]

(149,564)

(109,518)

^[4]

^[5]

$ (117,514)

(149,564)

(109,518)

^[5]

^[5]

^[5]

^[5]

Revenues from External Customers and Long-Lived Assets [Line Items]

^[5]

$ 0

[1]	During the fourth quarter of fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and DKNY stores as a result of the performance at these stores.During
[2]	Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other loss
[3]	During the fourth quarter of fiscal 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores, (ii) a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores and (iii) a $0.7 million write-off of goodwill related to the retail operations segment as a result of the performance of the retail operations segment.
[4]	Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.
[5]	Represents intersegment sales to the Company’s retail operations segment.

SEGMENTS - Information of Total Assets for Company's Reportable Segments (Details) - USD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 2,208,058	$ 1,915,177
Corporate Segment
Segment Reporting Information [Line Items]
Total assets	182,452	145,418
Operating Segments \| Wholesale operations
Segment Reporting Information [Line Items]
Total assets	1,834,610	1,554,191
Operating Segments \| Retail
Segment Reporting Information [Line Items]
Total assets	$ 190,996	$ 215,568

SEGMENTS - Method of Overhead Allocation (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2019

Oct. 31, 2018

Jul. 31, 2018

Apr. 30, 2018

Jan. 31, 2018

Oct. 31, 2017

^[2]

Jul. 31, 2017

^[2]

Apr. 30, 2017

^[2]

Jan. 31, 2019

Jan. 31, 2018

Jan. 31, 2017

Revenues from External Customers and Long-Lived Assets [Line Items]

$ 766,785

^[1]

$ 1,072,982

$ 624,698

$ 611,743

$ 714,897

^[2],[3]

$ 1,024,993

$ 538,006

$ 529,042

$ 3,076,208

^[4]

$ 2,806,938

$ 2,386,435

^[4]

Long-Lived Assets

954,163

955,576

954,163

955,576

969,006

United States

Revenues from External Customers and Long-Lived Assets [Line Items]

2,656,479

2,466,107

2,180,409

Long-Lived Assets

762,444

770,128

762,444

770,128

790,341

Non-United States

419,729

340,831

206,026

Long-Lived Assets

$ 191,719

$ 185,448

$ 191,719

$ 185,448

$ 178,665

[1]	During the fourth quarter of fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and DKNY stores as a result of the performance at these stores.During
[2]	Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other loss
[3]	During the fourth quarter of fiscal 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores, (ii) a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores and (iii) a $0.7 million write-off of goodwill related to the retail operations segment as a result of the performance of the retail operations segment.
[4]	Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.

SEGMENTS - Textuals (Details) $ in Millions	12 Months Ended
SEGMENTS - Textuals (Details) $ in Millions	Jan. 31, 2019 USD ($) segment	Jan. 31, 2018 USD ($)	Jan. 31, 2017 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment	2
Capital expenditures for outside of United States \| $	$ 4.3	$ 3.7	$ 4.6

EQUITY INVESTMENT - Textuals (Details) € in Millions, $ in Millions	1 Months Ended			12 Months Ended
	Feb. 29, 2016 EUR (€)	Feb. 29, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jan. 31, 2019 USD ($)	Aug. 31, 2017
Karl Lagerfeld Holding B.V. [Member]
Schedule of Equity Method Investments [Line Items]
Amount paid to acquired interest in joint venture	€ 32.5	$ 35.4
KL North America
Schedule of Equity Method Investments [Line Items]
Percent of interest acquired			49.00%
Amount paid to acquired interest in joint venture			$ 25.0
Amlon [Member]
Schedule of Equity Method Investments [Line Items]
Amount paid to acquired interest in joint venture				$ 10.0
Equity issued in joint venture				$ 25.0
Kingdom Holding 1 BV ("KH1")
Schedule of Equity Method Investments [Line Items]
Percent of interest acquired	19.00%	19.00%		19.00%
Amlon [Member]
Schedule of Equity Method Investments [Line Items]
Joint venture					49.00%
Amlon [Member] \| Amlon [Member]
Schedule of Equity Method Investments [Line Items]
Percent of interest acquired					51.00%

RELATED PARTY TRANSACTIONS - Textuals (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2019

Oct. 31, 2018

Jul. 31, 2018

Apr. 30, 2018

Jan. 31, 2018

Oct. 31, 2017

^[2]

Jul. 31, 2017

^[2]

Apr. 30, 2017

^[2]

Jan. 31, 2019

Jan. 31, 2018

Jan. 31, 2017

Royalty and advertising expense

$ 766,785

^[1]

$ 1,072,982

$ 624,698

$ 611,743

$ 714,897

^[2],[3]

$ 1,024,993

$ 538,006

$ 529,042

$ 3,076,208

^[4]

$ 2,806,938

$ 2,386,435

^[4]

KLNA

6,400

4,800

4,000

Balance amount due

$ 2,100

$ 1,500

$ 2,100

1,500

$ 700

KLNA | KLNA

Percent of interest acquired in joint venture

49.00%

Fabco

Inventory sold to related party

$ 4,300

Percentage of ownership interest

2,200

$ 200

Prepaid expenses

$ 800

800

Due to related party

$ 500

Fabco | Fabco

49.00%

[1]	During the fourth quarter of fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and DKNY stores as a result of the performance at these stores.During
[2]	Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other loss
[3]	During the fourth quarter of fiscal 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores, (ii) a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores and (iii) a $0.7 million write-off of goodwill related to the retail operations segment as a result of the performance of the retail operations segment.
[4]	Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2019

^[1]

Oct. 31, 2018

Jul. 31, 2018

Apr. 30, 2018

Jan. 31, 2018

^[2],[3]

Oct. 31, 2017

^[2]

Jul. 31, 2017

^[2]

Apr. 30, 2017

^[2]

Jan. 31, 2019

Jan. 31, 2018

Jan. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

$ 766,785

$ 1,072,982

$ 624,698

$ 611,743

$ 714,897

$ 1,024,993

$ 538,006

$ 529,042

$ 3,076,208

^[4]

$ 2,806,938

$ 2,386,435

^[4]

Net income per common share (in dollars per share)

258,938

382,100

231,544

234,527

258,937

391,096

202,990

201,716

1,107,109

1,054,739

841,328

Net income (loss)

$ 24,080

$ 94,025

$ 10,077

$ 9,885

$ (542)

$ 81,625

$ (8,568)

$ (10,391)

$ 138,067

$ 62,124

$ 51,938

NET INCOME PER COMMON SHARE:

$ 0.49

$ 1.91

$ 0.20

$ (0.01)

$ 1.67

$ (0.18)

$ (0.21)

$ 2.81

$ 1.27

$ 1.12

Net income per common share (in dollars per share)

$ 0.48

$ 1.86

$ 0.20

$ (0.01)

$ 1.65

$ (0.18)

$ (0.21)

$ 2.75

$ 1.25

$ 1.10

[1]	During the fourth quarter of fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and DKNY stores as a result of the performance at these stores.During
[2]	Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other loss
[3]	During the fourth quarter of fiscal 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores, (ii) a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores and (iii) a $0.7 million write-off of goodwill related to the retail operations segment as a result of the performance of the retail operations segment.
[4]	Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.

Movement in Valuation Allowances and Reserves [Roll Forward]

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

QUARTERLY FINANCIAL DATA (UNAUDITED) - Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Quarterly Financial Data [Line Items]
Asset impairments			$ 2,813	$ 7,884	$ 10,480
Goodwill	$ 261,137	$ 262,710	$ 261,137	262,710	269,262
Retail
Quarterly Financial Data [Line Items]
Goodwill		700		$ 700	$ 716
Furniture and fixtures \| Wilsons, G H Bass And Vilebrequin Stores
Quarterly Financial Data [Line Items]
Asset impairments	$ 2,800	6,500
Furniture and fixtures \| Bon Ton Stores
Quarterly Financial Data [Line Items]
Asset impairments		$ 700

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2019

Jan. 31, 2018

Jan. 31, 2017

ASC 606 Transition Adjustment

$ 165,416

$ 155,488

$ 135,698

66,617

432,755

337,298

307,728

^[1]

420,274

327,370

287,938

Allowance for doubtful accounts

244,514

165,416

155,488

Movement in Valuation Allowances and Reserves [Roll Forward]

2,093

1,192

1,346

(140)

854

682

^[1]

1,029

(47)

836

Movement in Valuation Allowances and Reserves [Roll Forward]

924

2,093

1,192

Reserve for returns

61,179

59,802

61,437

57,777

32,710

40,783

^[1]

56,678

31,333

42,418

Reserve for sales allowances

62,278

61,179

59,802

Movement in Valuation Allowances and Reserves [Roll Forward]

ASC 606 Transition Adjustment

^[2]

102,144

94,494

72,915

^[2]

66,617

^[2]

375,118

303,734

266,263

^[1],[2]

362,567

296,084

244,684