0001558370-20-003389 | 10-K | XBRL Viewer | G III Apparel Group LTD DE

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jan. 31, 2020	Mar. 23, 2020	Jul. 31, 2019
Document And Entity Information Abstract
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jan. 31, 2020
Document Transition Report	false
Entity File Number	0-18183
Entity Registrant Name	G III APPAREL GROUP LTD /DE/
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-1590959
Entity Address, Address Line One	512 Seventh Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10018
City Area Code	212
Local Phone Number	403-0500
Title of 12(b) Security	Common Stock
Trading Symbol	GIII
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,302,446,621
Entity Common Stock Shares Outstanding		48,009,346
Entity Central Index Key	0000821002
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
Current assets
Cash and cash equivalents	$ 197,372	$ 70,138
Accounts receivable, net of allowance for doubtful accounts of $0.7 million and $0.9 million, respectively	530,137	502,133
Inventories	551,918	576,383
Prepaid income taxes	8,566	8,308
Prepaid expenses and other current assets	80,695	96,933
Total current assets	1,368,688	1,253,895
Investments in unconsolidated affiliates	61,987	66,587
Property and equipment, net	76,023	86,407
Operating lease assets	270,032
Other assets, net	32,629	35,459
Other intangibles, net	38,363	42,404
Deferred income tax assets, net	18,135	22,427
Trademarks	438,658	439,742
Goodwill	260,622	261,137
Total assets	2,565,137	2,208,058
Current liabilities
Income tax payable	8,468	8,859
Accounts payable	204,786	225,499
Accrued expenses	101,838	102,841
Customer refund liabilities	233,418	243,589
Current operating lease liabilities	63,166
Current portion of notes payable	673
Other current liabilities	1,611
Total current liabilities	613,960	580,788
Notes payable, net of discount and unamortized issuance costs	396,794	386,604
Deferred income tax liabilities, net	7,952	15,128
Noncurrent operating lease liabilities	249,040
Other non-current liabilities	6,719	36,529
Total liabilities	1,274,465	1,019,049
Stockholders' Equity
Preferred stock; 1,000 shares authorized; no shares issued and outstanding
Common stock - $0.01 par value; 120,000 shares authorized; 49,396 and 49,387 shares issued, respectively	264	264
Additional paid-in capital	452,142	464,112
Accumulated other comprehensive loss	(18,008)	(15,194)
Retained earnings	893,138	758,881
Common stock held in treasury, at cost - 1,386 and 678 shares, respectively	(36,864)	(19,054)
Total stockholders' equity	1,290,672	1,189,009
Total liabilities and stockholders' equity	$ 2,565,137	$ 2,208,058

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) shares in Thousands, $ in Millions	Jan. 31, 2020	Jan. 31, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts, accrued returns and sales discounts on accounts receivable (in dollars)	$ 0.7	$ 0.9
Preferred stock, shares authorized	1,000	1,000
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	120,000
Common stock, shares issued	49,396	49,387
Treasury stock, shares	1,386	678

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Income Statement [Abstract]
Net sales	$ 3,160,464	$ 3,076,208	$ 2,806,938
Cost of goods sold	2,042,524	1,969,099	1,752,199
Gross profit	1,117,940	1,107,109	1,054,739
Selling, general and administrative expenses	832,180	834,763	855,247
Depreciation and amortization	38,735	38,819	37,783
Asset impairments, net of gain on lease terminations	19,371	2,813	7,884
Operating profit	227,654	230,714	153,825
Other loss	(1,149)	(2,960)	(1,413)
Interest and financing charges, net	(44,407)	(43,924)	(42,363)
Income before income taxes	182,098	183,830	110,049
Income tax expense	38,261	45,763	47,925
Net income	$ 143,837	$ 138,067	$ 62,124
Basic:
Net income per common share	$ 2.98	$ 2.81	$ 1.27
Weighted average number of shares outstanding (in shares)	48,209	49,140	48,820
Diluted:
Net income per common share	$ 2.94	$ 2.75	$ 1.25
Weighted average number of shares outstanding (in shares)	48,895	50,274	49,750
Net income	$ 143,837	$ 138,067	$ 62,124
Other comprehensive income (loss):
Foreign currency translation adjustments	(2,814)	(9,672)	22,200
Other comprehensive income (loss)	(2,814)	(9,672)	22,200
Comprehensive income	$ 141,023	$ 128,395	$ 84,324

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, 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)
Other comprehensive gain/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)
Other comprehensive gain/loss, net		(93)	(9,672)			(9,765)
Other comprehensive gain/loss, net						(9,672)
Repurchases of common stock					(20,311)	(20,311)
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 accounting statdard \| ASC 606				(53,728)		(53,728)
Equity awards exercised/vested, net		(17,290)			17,406	116
Share-based compensation expense		17,559				17,559
Taxes paid for net share settlements		(12,239)				(12,239)
Other comprehensive gain/loss, net			(2,814)			(2,814)
Repurchases of common stock					(35,216)	(35,216)
Net income				143,837		143,837
Balance at end of period at Jan. 31, 2020	$ 264	$ 452,142	$ (18,008)	893,138	$ (36,864)	1,290,672
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption of accounting statdard \| ASC 842				$ (9,580)		$ (9,580)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Cash flows from operating activities
Net income	$ 143,837	$ 138,067	$ 62,124
Adjustments to reconcile net income to net cash provided by operating activities, net of assets and liabilities acquired:
Depreciation and amortization	38,735	38,819	37,783
Loss on disposal of fixed assets	2,500	128	2,922
Non-cash operating lease costs	73,273
Gain on lease terminations	(2,415)
Asset impairments	21,787	2,813	7,884
Dividend received from unconsolidated affiliate	3,675		3,575
Equity (gain)/loss in unconsolidated affiliates	(3,200)	1,543	454
Share-based compensation	17,559	19,694	19,665
Deferred financing charges and debt discount amortization	10,491	10,052	10,890
Deferred income taxes	319	5,404	4,078
Changes in operating assets and liabilities:
Accounts receivable, net	(28,003)	(207,877)	(29,947)
Inventories	24,465	(23,568)	(68,775)
Income taxes, net	(621)	(3,866)	11,284
Prepaid expenses and other current assets	15,929	(47,959)	(3,877)
Other assets, net	(731)	(6,237)	10,991
Customer refund liabilities	(10,172)	177,144
Operating lease liabilities	(79,843)
Accounts payable, accrued expenses and other liabilities	(18,564)	(328)	10,683
Net cash provided by operating activities	209,021	103,829	79,734
Cash flows from investing activities
Operating lease assets initial direct costs	(2,104)
Capital expenditures	(37,990)	(29,205)	(34,507)
Investment in unconsolidated affiliate		(9,951)	(49)
Return of capital from unconsolidated affiliate		1,470
Proceeds from sale of a retail store		354	644
Net cash used in investing activities	(40,094)	(37,332)	(33,912)
Cash flows from financing activities
Repayment of borrowings - revolving credit facility	(2,388,766)	(2,315,935)	(2,018,892)
Proceeds from borrowings - revolving credit facility	2,388,766	2,303,932	1,939,774
Repayment of borrowings - unsecured term loan	(504)
Proceeds from borrowings - unsecured term loan	3,362
Proceeds from exercise of equity awards	115	101	1,578
Purchase of treasury shares	(35,216)	(20,311)
Taxes paid for net share settlements	(12,239)	(5,738)	(6,114)
Net cash used in financing activities	(44,482)	(37,951)	(83,654)
Foreign currency translation adjustments	2,789	(4,184)	3,651
Net increase (decrease) in cash and cash equivalents	127,234	24,362	(34,181)
Cash and cash equivalents at beginning of year	70,138	45,776	79,957
Cash and cash equivalents at end of year	197,372	70,138	45,776
Cash payments:
Interest, net	34,311	35,807	31,644
Income tax payments, net	$ 39,020	$ 44,045	$ 32,934

SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jan. 31, 2020

Accounting Policies [Abstract]

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 joint venture limited liability companies that are 49% owned by the Company. Karl Lagerfeld Holding B.V. (“KLH”) 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, 2020, the results of Vilebrequin, KLH, KLNA and Fabco are included for the year ended December 31, 2019. The Company’s retail operations segment reports results on a 52/53-week fiscal year. The Company’s years ended January 31, 2020 and 2019 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 2020, 2019 and 2018, the retail operations segment year end was February 1, 2020, February 2, 2019 and February 3, 2018, 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. Leases

On February 1, 2019, the Company adopted ASC Topic 842 – Leases (“ASC 842”) using the optional transition method to apply the standard as of the effective date. The Company determines if an arrangement is, or contains, a lease at contract inception. Leases with an initial term of 12 months or less are not recorded on the balance sheet. For leases with an initial term greater than 12 months, a lease liability is recorded on the balance sheet at the present value of future payments discounted at the incremental borrowing rate (discount rate) corresponding with the lease term. An operating lease asset is recorded based on the initial amount of the lease liability, plus any lease payments made to the lessor before or at the lease commencement date and any initial direct costs incurred, less any tenant improvement allowance incentives received. The difference between the minimum rents paid and the straight-line rent (deferred rent) is reflected within the associated operating lease asset. The Company has elected to account for lease and non-lease components as a single component.

The lease classification evaluation begins at the commencement date. The lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain or the failure to exercise such option would result in an economic penalty. All of the Company’s leases are classified as operating leases.

8. 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.

9. Impairment of Long-Lived Assets

All property and equipment and other long-lived assets are reviewed for potential impairment when events or changes in circumstances indicate that the asset’s carrying value may not be recoverable. If such indicators are present, it is determined whether the sum of the estimated undiscounted future cash flows attributable to such assets is less than the carrying value of the assets. A potential impairment has occurred if projected future undiscounted cash flows are less than the carrying value of the assets.

In fiscal 2020, the Company recorded a $21.8 million impairment charge primarily related to leasehold improvements, furniture and fixtures and operating lease assets at certain of its Wilsons Leather, G.H. Bass and DKNY stores as a result of the performance at these stores.

In fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of our Wilsons Leather, 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 our Wilsons Leather, 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.

10. Income Taxes

The Company accounts for income taxes and uncertain tax positions in accordance with ASC Topic 740 — Income Taxes (“ASC 740”). Income taxes are accounted for under the liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

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. It is also the Company's policy to provide for uncertain tax positions and the related interest and penalties based upon management's assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. To the extent the Company prevails in matters for which a liability for an unrecognized tax benefit is established, or is required to pay amounts in excess of the liability, or when other facts and circumstances change, the Company's effective tax rate in a given financial statement period may be materially affected.

The Tax Cuts and Jobs Act of 2017 (“TCJA”) provides for a reduced corporate income tax rate of 21% and requires that certain income earned by foreign subsidiaries, known as global intangible low-tax income (“GILTI”), must be included in the gross income of their U.S. shareholder. For fiscal 2020, the Company recognized an immaterial provision for GILTI and has elected to treat the tax effect of GILTI as a current period expense. For the current and future tax years, the Company expects other TCJA tax implications to be immaterial.

On May 19, 2019, Switzerland approved the Federal Act on Tax Reform and Old-Age and Survivors Insurance Financing. The effective date of the Swiss tax reform for federal and cantonal jurisdictions began on January 1, 2020. Tax implications on the enacted Swiss tax reform are discussed in Note H - Income Taxes.

11. 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 692,000, 336,000 and 466,000 shares for the years ended January 31, 2020, 2019 and 2018, 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 8,851, 168,179 and 201,968 shares of common stock in connection with the exercise or vesting of equity awards during the years ended January 31, 2020, 2019 and 2018, respectively. In addition, the Company re-issued 619,651 and 150,809 treasury shares in connection with the vesting of equity awards in fiscal 2020 and fiscal 2019, 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,
	2020		2019		2018
	(In thousands, except per share amounts)
Net income	$	143,837	$	138,067	$	62,124
Basic net income per share:
Basic common shares		48,209		49,140		48,820
Basic net income per share	$	2.98	$	2.81	$	1.27

Diluted net income per share:
Basic common shares		48,209		49,140		48,820
Dilutive restricted stock awards and stock options		686		1,134		930
Diluted common shares		48,895		50,274		49,750
Diluted net income per share	$	2.94	$	2.75	$	1.25

12. 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 units (“RSU’s”) are time based awards that do not have market or performance conditions and generally vest over a three year period. Performance based restricted stock units (“PRSU’s”) granted to executives prior to fiscal 2020 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. PRSU’s generally vest over a two to five year period. Performance stock units (“PSU’s”) were granted to executives in fiscal 2020 and vest after a three year performance period during which certain earnings before interest and taxes and return on invested capital performance standards must be satisfied for vesting to occur. PSU’s are also subject to a lock up period that prevents the sale, contract to sell or transfer of shares for two years subsequent to the date of vesting. RSU’s and employee stock options are expensed on a straight-line basis. PRSU’s are expensed under the requisite acceleration method. PSU’s are expensed under the requisite acceleration method and based on an estimated percentage of achievement of certain pre-established goals.

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.

13. 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.

14. 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 $138.8 million, $125.9 million and $120.2 million for the years ended January 31, 2020, 2019 and 2018, respectively.

15. 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 $94.7 million, $87.8 million and $105.6 million for the years ended January 31, 2020, 2019 and 2018, respectively. Prepaid advertising, which represents advance payments to licensors for minimum guaranteed payments for advertising under the Company’s licensing agreements, was $8.7 million and $9.0 million at January 31, 2020 and 2019, respectively.

16. 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, equity awards, income taxes, carrying values of intangible assets and long-lived assets including right of use 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.

17. 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	2020		2019		2020		2019
		(In thousands)
Term loan	2	$	300,000	$	300,000	$	300,000	$	300,000
Revolving credit facility	2		—		—		—		—
Note issued to LVMH	3		102,009		96,618		95,126		88,608
Unsecured loan	2		2,860		—		2,860		—

The Company’s debt instruments are recorded at their carrying values in its consolidated balance sheets, which may differ from their respective fair values. 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.

Non-Financial Assets and Liabilities

The Company’s non-financial assets that are measured at fair value on a nonrecurring basis include long-lived assets, which consist primarily of property and equipment and operating lease assets. The Company reviews these assets for impairment whenever events or changes in circumstances indicate that their carrying value may not be fully recoverable. For impaired assets, an impairment loss is recognized equal to the difference between the carrying amount of the asset or asset group and its estimated fair value. For operating lease assets, the Company determines the fair value of the assets by discounting the estimated market rental rates over the remaining term of the lease. These fair value measurements are considered level 3 measurements in the fair value hierarchy. During the fourth quarter of fiscal 2020, the Company recorded a $21.8 million impairment charge primarily related to leasehold improvements, furniture and fixtures and operating lease assets at certain Wilsons Leather, G.H. Bass and DKNY stores as a result of the performance at these stores. In addition, during the first quarter of fiscal 2020, the Company recorded an impairment of $9.6 million, net of tax, in connection with the adoption of ASC 842 – Leases (“ASC 842”) that was recognized through retained earnings.

18. 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.

19. Effects of Recently Adopted and Issued Accounting Pronouncements

Recently Adopted Accounting Guidance

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” 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 certain adjustments. The Company adopted ASU 2016-02 during the first quarter of fiscal 2020 using the optional transition method to apply the standard as of the effective date. As a result of adopting this standard, as of February 1, 2019, the Company recognized operating lease liabilities of $384.5 million and corresponding operating lease assets of $341.2 million. In addition, the Company recorded a $9.6 million impairment of the operating lease assets, net of tax, at adoption. The impairment was recorded as a reduction to retained earnings.

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. The Company adopted ASU 2018-07 during the first quarter of fiscal 2020. The adoption did not have an impact on the Company’s 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 Company adopted ASU 2018-02 during the first quarter of fiscal 2020. The adoption did not have an impact on the Company’s consolidated financial statements.

Accounting Guidance Issued Being Evaluated for Adoption

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” Subsequently, the FASB issued amendments to clarify the codification, in addition to also clarifying the implementation dates and the items that fall within the scope of the pronouncement. This pronouncement will change how entities account for credit impairment for trade and other receivables, as well as for certain financial assets and other instruments. ASU 2016-13 will replace the current “incurred loss” model with an “expected loss” model. Under the “incurred loss” model, a loss (or allowance) is recognized only when an event has occurred (such as a payment delinquency) that causes the entity to believe that a loss is probable (i.e., that it has been “incurred”). Under the “expected loss” model, an entity will recognize a loss (or allowance) upon initial recognition of the asset that reflects all future events that may lead to a loss being realized, regardless of whether it is probable that the future event will occur. The “incurred loss” model considers past events and current conditions, while the “expected loss” model includes expectations for the future which have yet to occur. The new standard will require entities to record a cumulative-effect adjustment to the balance sheet as of the beginning of the first reporting period in which the guidance is effective.

ASU 2016-13 is effective for all entities for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The Company adopted the standard effective February 1, 2020. The Company does not expect the adoption of ASU 2016-13 to result in a material change to its consolidated financial statements.

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 adopted the standard effective February 1, 2020. The Company does not expect the adoption of ASU 2018-13 to result in a material change to its consolidated financial statements.

On August 29, 2018, the FASB issued ASU 2018-15, Customers Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is A Service Contract which addresses the accounting for implementation costs incurred in a cloud computing arrangement (“CCA”) that is a service contract. ASU 2018-15 aligns the accounting for costs incurred to implement a CCA that is a service arrangement with the guidance on capitalizing costs associated with developing or obtaining internal-use software. Specifically, ASU 2018-15 amends ASC 350 to include in its scope implementation costs of a CCA that is a service contract and clarifies that a customer should apply ASC 350-40 to determine which implementation costs should be capitalized in a CCA that is considered a service contract. The Company adopted ASU 2018-15 effective February 1, 2020. The Company does not expect the adoption ASU 2018-15 to result in a material change to its consolidated financial statements.

REVENUE RECOGNITION

12 Months Ended

Jan. 31, 2020

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 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 the DKNY, Donna Karan, G.H. Bass, Andrew Marc and Vilebrequin trademarks owned by the Company. As of January 31, 2020, 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 Leather, 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 generally 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, 2020 and 2019, customer refund liabilities amounted to $233.4 million and $243.6 million, respectively. 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 $5.9 million and $6.4 million at January 31, 2020 and 2019, respectively. The Company recognized $6.3 million in revenue for the year ended January 31, 2020 which related to contract liabilities that existed at January 31, 2019. There were no contract assets recorded as of January 31, 2020 and January 31, 2019. Substantially all of the advance payments from licenses as of January 31, 2020 are expected to be recognized as revenue within the next twelve months.

INVENTORIES

12 Months Ended

Jan. 31, 2020

Inventories [Abstract]

INVENTORIES

NOTE C — INVENTORIES

Wholesale inventories, which comprise a significant portion of the Company’s inventory, are stated at the lower of cost (determined by the first-in, first-out method) or net realizable value. 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 $31.0 million and $42.4 million at January 31, 2020 and 2019, respectively. The inventory return asset is recorded within prepaid expenses and other current assets as of January 31, 2020 and 2019.

Inventory held on consignment by the Company’s customers totaled $9.1 million and $4.9 million at January 31, 2020 and 2019, respectively. Consignment inventory is stored at the facilities of the Company’s customers. The Company reflects this inventory on its consolidated balance sheets.

PROPERTY AND EQUIPMENT

12 Months Ended

Jan. 31, 2020

Property Plant And Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE D — PROPERTY AND EQUIPMENT

Property and equipment consist of:


		January 31,
	Estimated life	2020		2019
		(In thousands)
Machinery and equipment	5 years	$	1,867	$	2,270
Leasehold improvements	3-13 years		75,808		78,403
Furniture and fixtures	3-10 years		109,284		97,133
Computer equipment and software	2-5 years		41,040		32,537
			227,999		210,343
Less: accumulated depreciation			(151,976)		(123,936)
		$	76,023	$	86,407

The Company wrote off fixed assets of $5.4 million and $2.0 million, net of accumulated depreciation, for the years ended January 31, 2020 and 2019. Depreciation expense was $33.8 million, $33.9 million and $32.8 million for the years ended January 31, 2020, 2019 and 2018, respectively. For the year ended January 31, 2020, the Company recorded a $11.5 million impairment charge related to leasehold improvements and furniture and fixtures of certain Wilsons Leather, G.H. Bass and DKNY stores as a result of the performance of these stores. 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 Leather, G.H. Bass and Vilebrequin stores as a result of the performance of these stores. For the year ended January 31, 2018, the Company recorded a $10.5 million impairment charge on leasehold improvements and furniture and fixtures of certain of its Wilsons Leather and G.H. Bass stores as a result of the performance of these stores and a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores.

The Company evaluates long-lived assets, which consist primarily of property and equipment and operating lease 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 or asset group to its 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 or asset group 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.

LEASES

12 Months Ended

Jan. 31, 2020

Leases [Abstract]

LEASES

NOTE E — LEASES

On February 1, 2019, the Company adopted ASC 842 using the optional transition method to apply the standard as of the effective date and, therefore, the standard has not been applied retroactively to the comparative periods presented in its financial statements. 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. 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 determines whether an arrangement is, or contains, a lease at contract inception. The Company leases certain retail stores, warehouses, distribution centers, office space and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term.

Total rent payable is recorded during the lease term, including rent escalations in which the amount of future rent is certain or fixed on the straight-line basis over the term of the lease (including any rent holiday periods beginning upon control of the premises and any fixed payments stated in the lease). For leases with an initial term greater than 12 months, a lease liability is recorded on the balance sheet at the present value of future payments discounted at the incremental borrowing rate (discount rate) corresponding with the lease term. An operating lease asset is recorded based on the initial amount of the lease liability, plus any lease payments made to the lessor before or at the lease commencement date and any initial direct costs incurred, less any tenant improvement allowance incentives received. The difference between the minimum rents paid and the straight-line rent (deferred rent) is reflected within the associated operating lease asset.

The lease classification evaluation begins at the commencement date. The lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain or the failure to exercise such option would result in an economic penalty. All retail store, warehouse, distribution center and office leases are classified as operating leases. The Company does not have any finance leases. Operating lease expense is generally recognized on a straight-line basis over the lease term.

Certain leases contain provisions that require contingent rent payments based upon sales volume (variable lease cost). Contingent rent is accrued each period as the liabilities are incurred.

Most leases are for a term of one to ten years. Some leases include one or more options to renew, with renewal terms that can extend the lease term from one to ten years. Several of the Company’s retail store leases include an option to terminate the lease based on failure to achieve a specified sales volume. The exercise of lease renewal options is generally at the Company’s sole discretion. The exercise of lease termination options is generally by mutual agreement between the Company and the lessor.

Certain of the Company’s lease agreements include rental payments based on a percentage of retail sales over contractual levels and others include rental payments adjusted periodically for inflation. The Company’s leases do not contain any material residual value guarantees or material restrictive covenants.

The Company’s lease assets and liabilities as of January 31, 2020 consist of the following:


Leases	Classification	January 31, 2020
		(In thousands)
Assets
Operating	Operating lease assets	$	270,032
Total lease assets		$	270,032

Liabilities
Current operating	Current operating lease liabilities	$	63,166
Noncurrent operating	Noncurrent operating lease liabilities		249,040
Total lease liabilities		$	312,206

The Company’s leases do not provide the rate of interest implicit in the lease. Therefore, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. For transition purposes, the incremental borrowing rate on February 1, 2019 was used for operating leases that commenced prior to that date.

The Company recorded lease costs of $98.4 million during the year ended January 31, 2020. Lease costs are recorded within selling, general and administrative expenses in the Company’s consolidated statements of income and comprehensive income. The Company recorded variable lease costs and short-term lease costs of $16.8 million for the year ended January 31, 2020. Short-term lease costs are immaterial. During fiscal 2020, the Company recorded a $9.9 million impairment charge related to the operating lease assets at certain of our Wilsons Leather, G.H. Bass and DKNY stores as a result of the performance of these stores. The Company determines the fair value of operating lease assets by discounting the estimated market rental rates over the remaining term of the lease.

As of January 31, 2020, the Company’s maturity of operating lease liabilities in the years ending up to January 31, 2025 and thereafter are as follows:


Year Ending January 31,	Amount
	(In thousands)
2021	$	84,407
2022		77,162
2023		67,646
2024		53,962
2025		43,425
After 2025		57,137
Total lease payments	$	383,739
Less: Interest		71,533
Present value of lease liabilities	$	312,206

As of January 31, 2020, there are no material leases that are legally binding but have not yet commenced.

As of January 31, 2020, the weighted average remaining lease term related to operating leases is 5.2 years. The weighted average discount rate related to operating leases is 7.8%.

Cash paid for amounts included in the measurement of operating lease liabilities is $100.8 million as of January 31, 2020. Right-of-use assets obtained in exchange for lease obligations were $27.0 million during the year ended January 31, 2020.

INTANGIBLE ASSETS

12 Months Ended

Jan. 31, 2020

Business Combinations [Abstract]

INTANGIBLE ASSETS

NOTE F — INTANGIBLE ASSETS

Intangible assets consist of:



January 31, 2020	Estimated Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(In thousands)
Finite-lived intangible assets
Licenses	14 years	$	19,258	$	(16,107)	$	3,151
Trademarks	8-12 years		2,194		(2,194)		—
Customer relationships	15-17 years		48,214		(14,831)		33,383
Other	5-10 years		7,757		(5,928)		1,829
Total finite-lived intangible assets		$	77,423	$	(39,060)	$	38,363
Indefinite-lived intangible assets
Goodwill							260,622
Trademarks							438,658
Total indefinite-lived intangible assets							699,280
Total intangible assets, net						$	737,643



January 31, 2019	Estimated Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(In thousands)
Finite-lived intangible assets
Licenses	14 years	$	19,395	$	(15,692)	$	3,703
Trademarks	8-12 years		2,194		(2,194)		—
Customer relationships	15-17 years		48,261		(11,887)		36,374
Other	5-10 years		7,313		(4,986)		2,327
Total finite-lived intangible assets		$	77,163	$	(34,759)	$	42,404
Indefinite-lived intangible assets
Goodwill							261,137
Trademarks							439,742
Total indefinite-lived intangible assets							700,879
Total intangible assets, net						$	743,283

Amortization expense

Amortization expense with respect to finite-lived intangibles amounted to $4.5 million, $4.6 million and $4.5 million for the years ended January 31, 2020, 2019 and 2018, 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)
2021	$	3,999
2022		3,523
2023		3,200
2024		2,962
2025		2,934

Intangible assets with 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, 2020 and 2019 are summarized by reportable segment as follows (in thousands):


	Wholesale		Retail		Total
January 31, 2018	$	262,710		—		262,710
Currency translation		(1,573)		—		(1,573)
January 31, 2019		261,137		—		261,137
Currency translation		(515)		—		(515)
January 31, 2020	$	260,622	$	—	$	260,622

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 as of January 31 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.

NOTES PAYABLE AND OTHER LIABILITIES

12 Months Ended

Jan. 31, 2020

Notes Payable [Abstract]

NOTES PAYABLE AND OTHER LIABILITIES

NOTE G — NOTES PAYABLE AND OTHER LIABILITIES

Long-term debt

Long-term debt consists of the following:


	January 31, 2020		January 31, 2019
	(in thousands)
Term loan	$	300,000	$	300,000
Revolving credit facility		—		—
Note issued to LVMH		125,000		125,000
Unsecured loan		2,860		—
Subtotal		427,860		425,000
Less: Net debt issuance costs ⁽¹⁾		(7,402)		(10,014)
Debt discount		(22,991)		(28,382)
Current portion of long-term debt		(673)		—
Total	$	396,794	$	386,604

(1)

Does not include the debt issuance costs, net of amortization, totaling $4.6 million and $7.1 million as of January 31, 2020 and 2019, respectively, related to the revolving credit facility. The debt issuance costs have been deferred and are classified in prepaid expenses and other current assets in the accompanying Consolidated Balance Sheets as required under ASU 2015-15.

Term Loan

The Company borrowed $350.0 million under a senior secured term loan facility (the “Term Loan”) that matures in December 2022. The Company prepaid $50.0 million in principal amount of the Term Loan, reducing the principal balance of the Term Loan to $300 million. The Term Loan is guaranteed by certain of the Company’s subsidiaries.

Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to the London Interbank Offered Rate (“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.

Subject to certain permitted liens and other exclusions and exceptions, 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 “Revolving Credit Facility”.

The Term Loan contains covenants that, among other things, restrict the Company’s ability, subject to certain exceptions, to incur additional debt; incur liens; sell or dispose of certain assets; merge with other companies; liquidate or dissolve the Company; acquire other companies; make loans, advances, or guarantees; and make certain investments. A first lien leverage covenant requires the Company to maintain a level of debt to EBITDA at a ratio as defined in the term loan agreement. As of January 31, 2020, 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. 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, 2020, 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 were expensed during each of the years ended January 31, 2020, 2019 and 2018 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 7.58% for the year ended January 31, 2020. A 25 basis point change in the interest rates applied to the Term Loan would change annual interest expense under the Term Loan by $0.8 million.

Revolving Credit Facility

The Company has a $650 million credit agreement (the “revolving credit facility”) under which amounts available are subject to borrowing base formulas and over advances as specified in the 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 revolving credit facility agreement. The revolving credit facility has a five-year term ending December 1, 2021. In addition to paying interest on any outstanding borrowings under the 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 revolving credit facility. As permitted under ASU 2015-15, the debt issuance costs have been deferred and are presented as an asset, which is amortized ratably over the term of the revolving credit facility.

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

The revolving credit facility contains covenants that, among other things, restrict the Company’s ability, subject to specified exceptions, to incur additional debt; incur liens; sell or dispose of certain assets; merge with other companies; liquidate or dissolve the Company; acquire other companies; make loans, advances, or guarantees; and make certain investments. In certain circumstances, the revolving credit facility also requires the Company to maintain a fixed charge coverage ratio, as defined in the agreement, not less than 1.00 to 1.00 for each period of twelve consecutive fiscal months of the Company. As of January 31, 2020, the Company was in compliance with these covenants.

As of January 31, 2020, interest under the revolving credit facility was being charged at the weighted average rate of 3.26% per annum. The revolving credit facility also includes amounts available for letters of credit. As of January 31, 2020, the Company had no borrowings outstanding under the revolving credit facility. As of January 31, 2020, there were outstanding trade and standby letters of credit amounting to $6.5 million and $5.3 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 providing that the Company’s obligations under the LVMH Note are subordinate and junior to the Company’s obligations under the 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 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.

Unsecured Loan

On April 15, 2019, T.R.B. International SA (“TRB”), a subsidiary of Vilebrequin, borrowed €3.0 million under an unsecured loan with Banque du Leman S.A (the “Unsecured Loan”). The Unsecured Loan matures on April 15, 2024. During the term of the Unsecured Loan, TRB is required to make quarterly installment payments of €0.2 million. Interest on the outstanding principal amount of the Unsecured Loan accrues at a fixed rate equal to 1.50% per annum, payable quarterly in cash.

Future Debt Maturities

As of January 31, 2020, the Company’s mandatory debt repayments mature in the years ending up to January 31, 2025 or thereafter.


Year Ending January 31,	Amount
	(In thousands)
2021	$	673
2022		673
2023		300,673
2024		125,673
2025 and thereafter		168

Accrued expenses

Accrued expenses consist of the following:


	January 31, 2020		January 31, 2019
	(in thousands)
Accrued bonuses	$	40,980	$	44,519
Other accrued expenses		60,858		58,322
Total	$	101,838	$	102,841

INCOME TAXES

12 Months Ended

Jan. 31, 2020

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE H — INCOME TAXES

The income tax provision is comprised of the following:


	Year Ended January 31,
	2020		2019		2018
	(In thousands)
Current
Federal	$	22,471	$	23,463	$	28,723
State and city		4,856		5,907		2,592
Foreign		10,615		10,989		12,532
		37,942		40,359		43,847
Deferred
Federal		8,250		4,419		4,084
State and city		315		191		1,285
Foreign		(8,246)		794		(1,291)
		319		5,404		4,078
Income tax expense	$	38,261	$	45,763	$	47,925
Income before income taxes
United States	$	138,292	$	137,748	$	93,691
Non-United States		43,806		46,082		16,358
	$	182,098	$	183,830	$	110,049

During the fourth quarter of fiscal 2020, the United States Treasury issued final regulations related to certain aspects of the TCJA. The tax implications of the final regulations were not material to the Company’s consolidated financial statements as the majority of the TCJA tax implications was recorded in fiscal years prior to January 31, 2020.

Effective January 1, 2018, TCJA subjects a U.S. parent company to current tax on its GILTI. The Company has elected to account for any tax on GILTI in the period in which it was incurred. At January 31, 2020, the Company incurred a GILTI net tax impact of $0.1 million.

The significant components of the Company’s net deferred tax asset at January 31, 2020 and 2019 are summarized as follows:


	2020		2019
	(In thousands)
Deferred income tax assets:
Compensation	$	8,379	$	10,605
Inventory		4,498		2,244
Straight-line lease		—		6,642
Provision for bad debts and sales allowances		34,197		33,221
Supplemental employee retirement plan		511		401
Net operating loss		4,877		3,362
Operating lease liability		67,044		—
Other		1,148		2,891
Gross deferred income tax assets		120,654		59,366
Less: valuation allowance		(4,929)		(2,303)
Net deferred income tax assets		115,725		57,063
Deferred income tax liabilities:
Depreciation and amortization		(33,539)		(25,617)
Intangibles		(13,602)		(21,742)
Operating lease asset		(55,801)		—
Prepaid expenses and other		(2,600)		(2,405)
Total deferred income tax liabilities		(105,542)		(49,764)
Net deferred tax assets	$	10,183	$	7,299

As of January 31, 2020 and 2019, deferred tax liabilities of $7.9 million and $15.1 million, respectively, relate to intangible assets in Switzerland. In May 2019, Switzerland approved the Federal Act on Tax Reform and Old-Age and Survivors Insurance Financing as adopted by its Federal Parliament last fall. The tax reform replaces certain preferential tax regimes and provides a broad reduction of the cantonal corporate tax rates. As a result of this Swiss tax reform, the Company recognized a $6.1 million tax benefit related to revaluing its Swiss deferred tax liabilities.

The total undistributed earnings of the Company’s foreign subsidiaries are approximately $85.0 million for the fiscal year ended January 31, 2020. 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:


	2020		2019		2018
Provision for Federal income taxes at the statutory rate	21.0	%	21.0	%	33.8	%
State and local income taxes, net of Federal tax benefit	1.9		2.4		0.5
Permanent differences resulting in Federal taxable income	5.9		6.6		8.8
Tax reform	—		—		7.5
Foreign tax rate differential	(3.8)		0.5		0.2
Share-based payments	(0.8)		(0.6)		(1.2)
Foreign tax credit	(3.5)		(5.5)		(7.7)
Valuation allowance	0.9		0.2		1.5
Other, net	(0.6)		0.3		0.2
Actual provision for income taxes	21.0	%	24.9	%	43.6	%

Our effective tax rate decreased 3.9% percent in fiscal 2020 compared to fiscal 2019. The decrease in the tax rate is primarily attributable to the Swiss tax reform that was enacted in May 2019. Our effective tax rate decreased 18.7% percent in fiscal 2019 as compared to fiscal 2018. This decrease in the tax rate was primarily due to the effects of the TCJA, which included the reduction in the statutory U.S. federal corporate income tax rate from 35% to 21% and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings.

Valuation allowances represent deferred tax benefits where management is uncertain if the Company will have the ability to recognize those benefits in the future. During the year ended January 31, 2020, the Company recorded an additional valuation allowance of $1.9 million against its deferred tax assets for its standalone state tax losses.

Unrecognized Tax Benefits

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



	2020		2019		2018
	(In thousands)
Balance at February 1,	$	—	$	82	$	1,094
Additions for tax positions of prior years		2,111		—		—
Lapses of statues of limitations		—		(82)		(1,012)
Balance at January 31,	$	2,111	$	—	$	82

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, 2020, there was an increase in the unrecognized tax position reserve of $2.1 million related to recent state and local tax return filings.

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 the income tax of multiple state, local, and foreign jurisdictions.

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, New Jersey and Canada for fiscal years 2014 through 2018. 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, 2020

Commitments And Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE I — COMMITMENTS AND CONTINGENCIES

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 $178.8 million, $165.7 million and $154.3 million for the years ended January 31, 2020, 2019 and 2018, respectively. Contractual advertising expense, which is included in selling, general and administrative expenses and is normally based on a percentage of net sales associated with certain license agreements, was $48.3 million, $46.2 million and $43.4 million for the years ended January 31, 2020,

2019 and 2018, 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)
2021		153,265
2022		100,835
2023		63,711
2024		52,629
2025		—
Thereafter		—
	$	370,440

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.

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 October 27, 2017, the date of the final report. 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 provided 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, 2020, related to the higher dutiable values, were CAD$12.8 million ($9.7 million).

Effective June 1, 2019, G-III commenced paying based on the dutiable value of G-III Canada’s imports based on the pre-audit levels. G-III continued to defer the additional duty paid through the month of May 2019 pending the final outcome of the appeal.

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, 2020

Stockholders' Equity [Abstract]

STOCKHOLDERS' EQUITY

NOTE J — 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 2020, pursuant to this program, the Company acquired 1,327,566 of its shares of common stock for an aggregate purchase price of $35.2 million. During fiscal 2019, the Company acquired 723,072 of its shares of common stock for an aggregate purchase price of $20.3 million.

Long-Term Incentive Plan

As of January 31, 2020, the Company had 2,756,905 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. RSU’s generally vest over a three year period. PRSU’s granted to executives prior to fiscal 2020 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. PSU’s granted to executives in fiscal 2020 vest after a three year performance period during which certain earnings before interest and taxes and return on invested capital performance standards must be satisfied for vesting to occur. PSU’s are also subject to a lock up period that prevents the sale, contract to sell or transfer of shares for two years subsequent to the date of vesting. 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 and Performance Based Restricted Stock Units



	Restricted Stock Units			Performance Based Restricted Stock Units
		Weighted Average			Weighted Average
	Awards	Grant Date		Awards	Grant Date
	Outstanding	Fair Value		Outstanding	Fair Value
Unvested as of January 31, 2017	435,102	$	30.36	1,599,472	$	30.32
Granted	52,891	$	26.83	190,875	$	13.36
Vested	(150,588)	$	28.75	(344,784)	$	25.35
Cancelled	(10,391)	$	28.42	—	$	—
Unvested as of January 31, 2018	327,014	$	30.59	1,445,563	$	29.26
Granted	137,723	$	38.32	391,530	$	30.23
Vested	(159,663)	$	30.38	(292,266)	$	25.91
Cancelled	(23,249)	$	29.69	(5,033)	$	27.10
Unvested as of January 31, 2019	281,825	$	34.56	1,539,794	$	30.15
Granted	142,594	$	37.74	332,651	$	35.77
Vested	(168,781)	$	32.32	(810,655)	$	24.58
Cancelled	(12,695)	$	35.09	(3,080)	$	42.41
Unvested as of January 31, 2020	242,943	$	37.95	1,058,710	$	36.15

Restricted Stock Units

Restricted stock units (“RSU’s”) are time based awards that do not have market or performance conditions and vest over a three year period. The grant date fair value for RSU’s are based on the quoted market price on the date of grant. Compensation expense for RSU’s is recognized in the consolidated financial statements on a straight-line basis over the service period based on their grant date fair value.

Performance Based Restricted Stock Units

Performance based restricted stock units consist of both performance based restricted stock units (“PRSU’s”) and performance stock units (“PSU’s”).

PRSU’s were granted to executives prior to fiscal 2020 and included (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. PRSU’s generally vest over a two to five year period. 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. PRSU’s are expensed over the service period under the requisite acceleration method.

PSU’s were granted to executives in fiscal 2020 and vest after a three year performance period during which certain earnings before interest and taxes and return on invested capital performance standards must be satisfied for vesting to occur. PSU’s are also subject to a lock up period that prevents the sale, contract to sell or transfer shares for two years subsequent to the date of vesting. PSU’s are expensed over the service period under the requisite acceleration method and based on an estimated percentage of achievement of certain pre-established goals.

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 Company recognized $17.5 million, $19.7 million and $19.7 million in share-based compensation expense for the years ended January 31, 2020, 2019 and 2018, respectively, related to restricted stock unit grants. At January 31, 2020, 2019 and 2018, unrecognized costs related to the restricted stock units totaled $18.7 million, $19.4 million and $23.0 million, respectively. The total fair value of awards for which restrictions lapsed was $31.0 million, $17.5 million and $14.3 million as of January 31, 2020, 2019 and 2018, respectively.

Stock Options


	2020			2019			2018
		Weighted			Weighted			Weighted
		Average			Average			Average
	Shares	Exercise		Shares	Exercise		Shares	Exercise
Stock options outstanding at beginning of year	55,311	$	15.70	62,666	$	11.50	251,131	$	9.16
Exercised	(13,200)	$	8.71	(15,600)	$	6.55	(188,465)	$	8.38
Granted	—	$	—	8,245	$	30.32	—	$	—
Cancelled or forfeited	(2,800)	$	9.20	—	$	—	—	$	—
Stock options outstanding at end of year	39,311	$	18.51	55,311	$	15.70	62,666	$	11.50
Exercisable	35,188	$	17.12	47,066	$	13.14	62,666	$	11.50

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	2020	Contractual Life	Price		2020	Price
$12.51 - $17.45	21,066	0.56	$	14.07	21,066	$	14.07
$18.11 - $30.32	18,245	2.51	$	23.63	14,122	$	21.67
	39,311				35,188

Stock Options

Compensation expense for employee stock options is recognized in the consolidated financial statements over the service period (generally the vesting period) based on their fair value. Stock options are valued using the Black-Scholes option pricing model. The Black-Scholes model requires subjective assumptions regarding dividend yields, expected volatility, expected life of options and risk-free interest rates. These assumptions reflect management’s best estimates. Changes in these inputs and assumptions can materially affect the estimate of fair value and the amount of our compensation expenses for stock options. No stock options were granted during the years ended January 31, 2020 and January 31, 2018. The Company granted 8,245 stock options during the year ended January 31, 2019.

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 1.5 years at January 31, 2020. The aggregate intrinsic value at January 31, 2020 was $0.4 million for stock options outstanding and $0.4 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, 2020, the reporting date.

Proceeds received from the exercise of stock options were $0.1 million during the years ended January 31, 2020 and 2019. The intrinsic value of stock options exercised was $0.3 million and $0.4 million for the years ended January 31, 2020 and 2019, respectively. A portion of this amount is currently deductible for tax purposes.

The Company recognized $0.1 million in compensation expense for the year ended January 31, 2020 related to stock options. The Company recognized a nominal amount in compensation expense for the year ended January 31, 2019. No compensation expense related to stock options was recognized for the year ended January 31, 2018.

CONCENTRATION

12 Months Ended

Jan. 31, 2020

Risks and Uncertainties [Abstract]

CONCENTRATION

NOTE K — CONCENTRATION

Major Customers

Two customers in the wholesale operations segment accounted for approximately 26.3% and 13.2%, respectively, of the Company’s net sales for the year ended January 31, 2020. Two customers accounted for 24.8% and 12.4% of the Company’s net sales for the year ended January 31, 2019. One customer accounted for 22.2% of the Company’s net sales for the year ended January 31, 2018. Three customers in the wholesale operations segment accounted for approximately 25.7%, 17.0% and 10.0%, respectively, of the Company’s net accounts receivable as of January 31, 2020. Two customers accounted for approximately 27.5% and 16.5%, respectively, of the Company’s net accounts receivable as of January 31, 2019.

Inventory Sourcing

The Company sourced from China approximately 49.5%, 61.5% and 65.1% of the inventory purchased for the years ended January 31, 2020, 2019 and 2018, respectively. During the years ended January 31, 2020, 2019 and 2018, respectively, the Company sourced 11.4%, 14.4% and 14.7% of its purchases from one vendor 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

Jan. 31, 2020

Compensation And Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE L — 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 $4.7 million, $3.8 million and $3.6 million for the years ended January 31, 2020, 2019 and 2018, 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, 2020

Segments [Abstract]

SEGMENTS

NOTE M — 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 our owned trademarks including DKNY, Donna Karan, Vilebrequin, G.H. Bass and Andrew Marc. The retail operations segment consists primarily of direct sales to consumers through Company-operated stores, consisting primarily of Wilsons Leather, G.H. Bass and DKNY stores, substantially all of which are operated as outlet stores, as well as a smaller number of Karl Lagerfeld Paris and Calvin Klein Performance 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, 2020
	Wholesale		Retail		Elimination ⁽¹⁾		Total
Net sales	$	2,862,889	$	385,910	$	(88,335)	$	3,160,464
Cost of goods sold		1,925,062		205,797		(88,335)		2,042,524
Gross profit		937,827		180,113		—		1,117,940
Selling, general and administrative expenses		604,377		227,803		—		832,180
Depreciation and amortization		30,806		7,929		—		38,735
Asset impairments, net of gain on lease terminations		412		18,959		—		19,371
Operating profit (loss)	$	302,232	$	(74,578)	$	—	$	227,654


	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

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

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,
	2020		2019
	(In thousands)
Wholesale	$	1,912,175	$	1,834,610
Retail		272,832		190,996
Corporate		380,130		182,452
Total Assets	$	2,565,137	$	2,208,058

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


	2020				2019				2018
			Long-Lived				Long-Lived				Long-Lived
Geographic Region	Net Sales		Assets		Net Sales		Assets		Net Sales		Assets
United States	$	2,774,492	$	964,476	$	2,656,479	$	762,444	$	2,466,107	$	770,128
Non-United States		385,972		231,973		419,729		191,719		340,831		185,448
	$	3,160,464	$	1,196,449	$	3,076,208	$	954,163	$	2,806,938	$	955,576

Capital expenditures for locations outside of the United States totaled $4.6 million, $4.3 million and $3.7 million for the years ended January 31, 2020, 2019 and 2018, respectively.

EQUITY INVESTMENT

12 Months Ended

Jan. 31, 2020

EQUITY INVESTMENT

EQUITY INVESTMENT

NOTE N — 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, 2020 and 2019.

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, 2020 and 2019.

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, 2020 and 2019.

RELATED PARTY TRANSACTIONS

12 Months Ended

Jan. 31, 2020

RELATED PARTY TRANSACTIONS

NOTE O — 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 N). The Company sells inventory to Fabco and granted Fabco’s subsidiary the right to use certain Donna Karan and DKNY trademarks. In fiscal 2020, the Company sold $4.4 million in inventory to Fabco. The Company recorded $3.1 million and $2.2 million of licensing revenue from Fabco during the years ended January 31, 2020 and 2019, respectively. As of January 31, 2020, Fabco prepaid $0.5 million to the Company for minimum royalties and marketing fees relating to the first quarter of 2020 and has a $0.1 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 N). 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 $6.8 million, $6.4 million and $4.8 million for the years ended January 31, 2020, 2019 and 2018, respectively.

QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Jan. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE P — QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for the fiscal years ended January 31, 2020 and 2019 are as follows (in thousands, except per share amounts):


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2019		2019		2019		2020 ⁽¹⁾
Net sales	$	633,552	$	643,892	$	1,128,403	$	754,617
Gross profit		236,064		231,769		399,019		251,088
Net income		12,043		11,119		95,387		25,288
Net income per common share
Basic	$	0.25	$	0.23	$	2.00	$	0.53
Diluted	$	0.24	$	0.23	$	1.97	$	0.52


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2018		2018		2018		2019 ⁽²⁾
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

(1)	During the fourth quarter of fiscal 2020, the Company recorded a $21.8 million impairment charge primarily related to leasehold improvements, furniture and fixtures and operating lease assets at certain Wilsons Leather, G.H. Bass and DKNY stores as a result of the performance at these stores.

(2)	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 Leather, G.H. Bass and DKNY stores as a result of the performance at these stores.

SUBSEQUENT EVENTS

12 Months Ended

Jan. 31, 2020

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE Q — SUBSEQUENT EVENTS

Coronavirus

On March 11, 2020, the World Health Organization declared the novel strain of coronavirus a global pandemic and recommended containment and mitigation measures worldwide. As of the date of this filing, the Company’s retail stores and the stores of some of its department store partners globally have been impacted by temporary closures. The Company cannot reasonably estimate the length or severity of this pandemic, but it currently anticipates a material adverse impact on the consolidated financial statements in fiscal 2021.

Revolving Credit Facility

During March 2020, the Company borrowed an aggregate of $500.0 million under its revolving credit facility.

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jan. 31, 2020

Valuation And Qualifying Accounts [Abstract]

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNT


	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, 2020
Deducted from asset accounts
Allowance for doubtful accounts	$	924	$	—	$	(72)	$	142	$	710
Reserve for returns		62,278		—		56,440		72,229		46,489
Reserve for sales allowances ⁽²⁾		181,312		—		422,628		417,011		186,929
	$	244,514	$	—	$	478,996	$	489,382	$	234,128
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
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

⁽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, 2020

Accounting Policies [Abstract]

Business Activity and Principles of Consolidation

1. 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

4. Accounts Receivable

Inventories

5. Inventories

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.

Leases

7. Leases

Depreciation and amortization

8. Depreciation and Amortization

Income Taxes

10. Income Taxes

Net Income Per Common Share

11. 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,
	2020		2019		2018
	(In thousands, except per share amounts)
Net income	$	143,837	$	138,067	$	62,124
Basic net income per share:
Basic common shares		48,209		49,140		48,820
Basic net income per share	$	2.98	$	2.81	$	1.27

Diluted net income per share:
Basic common shares		48,209		49,140		48,820
Dilutive restricted stock awards and stock options		686		1,134		930
Diluted common shares		48,895		50,274		49,750
Diluted net income per share	$	2.94	$	2.75	$	1.25

Equity Award Compensation

12. Equity Award Compensation

Cost of Goods Sold

13. Cost of Goods Sold

Shipping and Handling Costs

14. Shipping and Handling Costs

Advertising Costs

15. Advertising Costs

Use of Estimates

16. Use of Estimates

Fair Value of Financial Instruments

17. 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	2020		2019		2020		2019
		(In thousands)
Term loan	2	$	300,000	$	300,000	$	300,000	$	300,000
Revolving credit facility	2		—		—		—		—
Note issued to LVMH	3		102,009		96,618		95,126		88,608
Unsecured loan	2		2,860		—		2,860		—

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

Foreign Currency Translation

18. Foreign Currency Translation

Effects of Recently Adopted and Issued Accounting Pronouncements

19. Effects of Recently Adopted and Issued Accounting Pronouncements

Recently Adopted Accounting Guidance

Accounting Guidance Issued Being Evaluated for Adoption

SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jan. 31, 2020

Accounting Policies [Abstract]

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,
	2020		2019		2018
	(In thousands, except per share amounts)
Net income	$	143,837	$	138,067	$	62,124
Basic net income per share:
Basic common shares		48,209		49,140		48,820
Basic net income per share	$	2.98	$	2.81	$	1.27

Diluted net income per share:
Basic common shares		48,209		49,140		48,820
Dilutive restricted stock awards and stock options		686		1,134		930
Diluted common shares		48,895		50,274		49,750
Diluted net income per share	$	2.94	$	2.75	$	1.25

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	2020		2019		2020		2019
		(In thousands)
Term loan	2	$	300,000	$	300,000	$	300,000	$	300,000
Revolving credit facility	2		—		—		—		—
Note issued to LVMH	3		102,009		96,618		95,126		88,608
Unsecured loan	2		2,860		—		2,860		—

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jan. 31, 2020

Property Plant And Equipment [Abstract]

Schedule of property and equipment


		January 31,
	Estimated life	2020		2019
		(In thousands)
Machinery and equipment	5 years	$	1,867	$	2,270
Leasehold improvements	3-13 years		75,808		78,403
Furniture and fixtures	3-10 years		109,284		97,133
Computer equipment and software	2-5 years		41,040		32,537
			227,999		210,343
Less: accumulated depreciation			(151,976)		(123,936)
		$	76,023	$	86,407

LEASES (Tables)

12 Months Ended

Jan. 31, 2020

Leases [Abstract]

Schedule of lease assets and liabilities


Leases	Classification	January 31, 2020
		(In thousands)
Assets
Operating	Operating lease assets	$	270,032
Total lease assets		$	270,032

Liabilities
Current operating	Current operating lease liabilities	$	63,166
Noncurrent operating	Noncurrent operating lease liabilities		249,040
Total lease liabilities		$	312,206

Schedule of maturity of operating lease liabilities


Year Ending January 31,	Amount
	(In thousands)
2021	$	84,407
2022		77,162
2023		67,646
2024		53,962
2025		43,425
After 2025		57,137
Total lease payments	$	383,739
Less: Interest		71,533
Present value of lease liabilities	$	312,206

INTANGIBLE ASSETS (Tables)

12 Months Ended

Jan. 31, 2020

Business Combinations [Abstract]

Schedule of intangible assets

Intangible assets consist of:



January 31, 2020	Estimated Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(In thousands)
Finite-lived intangible assets
Licenses	14 years	$	19,258	$	(16,107)	$	3,151
Trademarks	8-12 years		2,194		(2,194)		—
Customer relationships	15-17 years		48,214		(14,831)		33,383
Other	5-10 years		7,757		(5,928)		1,829
Total finite-lived intangible assets		$	77,423	$	(39,060)	$	38,363
Indefinite-lived intangible assets
Goodwill							260,622
Trademarks							438,658
Total indefinite-lived intangible assets							699,280
Total intangible assets, net						$	737,643



January 31, 2019	Estimated Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(In thousands)
Finite-lived intangible assets
Licenses	14 years	$	19,395	$	(15,692)	$	3,703
Trademarks	8-12 years		2,194		(2,194)		—
Customer relationships	15-17 years		48,261		(11,887)		36,374
Other	5-10 years		7,313		(4,986)		2,327
Total finite-lived intangible assets		$	77,163	$	(34,759)	$	42,404
Indefinite-lived intangible assets
Goodwill							261,137
Trademarks							439,742
Total indefinite-lived intangible assets							700,879
Total intangible assets, net						$	743,283

Schedule of estimated intangible amortization expense


Year Ending January 31,	Amortization Expense
	(In thousands)
2021	$	3,999
2022		3,523
2023		3,200
2024		2,962
2025		2,934

Schedule of changes in amounts of goodwill

Changes in the amounts of goodwill for each of the years ended January 31, 2020 and 2019 are summarized by reportable segment as follows (in thousands):


	Wholesale		Retail		Total
January 31, 2018	$	262,710		—		262,710
Currency translation		(1,573)		—		(1,573)
January 31, 2019		261,137		—		261,137
Currency translation		(515)		—		(515)
January 31, 2020	$	260,622	$	—	$	260,622

NOTES PAYABLE AND OTHER LIABILITIES (Tables)

12 Months Ended

Jan. 31, 2020

Notes Payable [Abstract]

Schedule of long-term debt


	January 31, 2020		January 31, 2019
	(in thousands)
Term loan	$	300,000	$	300,000
Revolving credit facility		—		—
Note issued to LVMH		125,000		125,000
Unsecured loan		2,860		—
Subtotal		427,860		425,000
Less: Net debt issuance costs ⁽¹⁾		(7,402)		(10,014)
Debt discount		(22,991)		(28,382)
Current portion of long-term debt		(673)		—
Total	$	396,794	$	386,604

(1)

Schedule of future debt repayments


Year Ending January 31,	Amount
	(In thousands)
2021	$	673
2022		673
2023		300,673
2024		125,673
2025 and thereafter		168

Schedule of accrued expenses


	January 31, 2020		January 31, 2019
	(in thousands)
Accrued bonuses	$	40,980	$	44,519
Other accrued expenses		60,858		58,322
Total	$	101,838	$	102,841

- Definition

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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-Topic 210
-SubTopic 10
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Reference 4: 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
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-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
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of components of income tax provision


	Year Ended January 31,
	2020		2019		2018
	(In thousands)
Current
Federal	$	22,471	$	23,463	$	28,723
State and city		4,856		5,907		2,592
Foreign		10,615		10,989		12,532
		37,942		40,359		43,847
Deferred
Federal		8,250		4,419		4,084
State and city		315		191		1,285
Foreign		(8,246)		794		(1,291)
		319		5,404		4,078
Income tax expense	$	38,261	$	45,763	$	47,925
Income before income taxes
United States	$	138,292	$	137,748	$	93,691
Non-United States		43,806		46,082		16,358
	$	182,098	$	183,830	$	110,049

Schedule of significant components of net deferred tax assets


	2020		2019
	(In thousands)
Deferred income tax assets:
Compensation	$	8,379	$	10,605
Inventory		4,498		2,244
Straight-line lease		—		6,642
Provision for bad debts and sales allowances		34,197		33,221
Supplemental employee retirement plan		511		401
Net operating loss		4,877		3,362
Operating lease liability		67,044		—
Other		1,148		2,891
Gross deferred income tax assets		120,654		59,366
Less: valuation allowance		(4,929)		(2,303)
Net deferred income tax assets		115,725		57,063
Deferred income tax liabilities:
Depreciation and amortization		(33,539)		(25,617)
Intangibles		(13,602)		(21,742)
Operating lease asset		(55,801)		—
Prepaid expenses and other		(2,600)		(2,405)
Total deferred income tax liabilities		(105,542)		(49,764)
Net deferred tax assets	$	10,183	$	7,299

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


	2020		2019		2018
Provision for Federal income taxes at the statutory rate	21.0	%	21.0	%	33.8	%
State and local income taxes, net of Federal tax benefit	1.9		2.4		0.5
Permanent differences resulting in Federal taxable income	5.9		6.6		8.8
Tax reform	—		—		7.5
Foreign tax rate differential	(3.8)		0.5		0.2
Share-based payments	(0.8)		(0.6)		(1.2)
Foreign tax credit	(3.5)		(5.5)		(7.7)
Valuation allowance	0.9		0.2		1.5
Other, net	(0.6)		0.3		0.2
Actual provision for income taxes	21.0	%	24.9	%	43.6	%

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



	2020		2019		2018
	(In thousands)
Balance at February 1,	$	—	$	82	$	1,094
Additions for tax positions of prior years		2,111		—		—
Lapses of statues of limitations		—		(82)		(1,012)
Balance at January 31,	$	2,111	$	—	$	82

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Jan. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

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


Year Ending January 31,	Amount
	(In thousands)
2021		153,265
2022		100,835
2023		63,711
2024		52,629
2025		—
Thereafter		—
	$	370,440

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jan. 31, 2020

Stockholders' Equity Note [Abstract]

Schedule of restricted stock

Restricted Stock Units and Performance Based Restricted Stock Units



	Restricted Stock Units			Performance Based Restricted Stock Units
		Weighted Average			Weighted Average
	Awards	Grant Date		Awards	Grant Date
	Outstanding	Fair Value		Outstanding	Fair Value
Unvested as of January 31, 2017	435,102	$	30.36	1,599,472	$	30.32
Granted	52,891	$	26.83	190,875	$	13.36
Vested	(150,588)	$	28.75	(344,784)	$	25.35
Cancelled	(10,391)	$	28.42	—	$	—
Unvested as of January 31, 2018	327,014	$	30.59	1,445,563	$	29.26
Granted	137,723	$	38.32	391,530	$	30.23
Vested	(159,663)	$	30.38	(292,266)	$	25.91
Cancelled	(23,249)	$	29.69	(5,033)	$	27.10
Unvested as of January 31, 2019	281,825	$	34.56	1,539,794	$	30.15
Granted	142,594	$	37.74	332,651	$	35.77
Vested	(168,781)	$	32.32	(810,655)	$	24.58
Cancelled	(12,695)	$	35.09	(3,080)	$	42.41
Unvested as of January 31, 2020	242,943	$	37.95	1,058,710	$	36.15

Schedule of information regarding stock options

Stock Options


	2020			2019			2018
		Weighted			Weighted			Weighted
		Average			Average			Average
	Shares	Exercise		Shares	Exercise		Shares	Exercise
Stock options outstanding at beginning of year	55,311	$	15.70	62,666	$	11.50	251,131	$	9.16
Exercised	(13,200)	$	8.71	(15,600)	$	6.55	(188,465)	$	8.38
Granted	—	$	—	8,245	$	30.32	—	$	—
Cancelled or forfeited	(2,800)	$	9.20	—	$	—	—	$	—
Stock options outstanding at end of year	39,311	$	18.51	55,311	$	15.70	62,666	$	11.50
Exercisable	35,188	$	17.12	47,066	$	13.14	62,666	$	11.50

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	2020	Contractual Life	Price		2020	Price
$12.51 - $17.45	21,066	0.56	$	14.07	21,066	$	14.07
$18.11 - $30.32	18,245	2.51	$	23.63	14,122	$	21.67
	39,311				35,188

SEGMENTS (Tables)

12 Months Ended

Jan. 31, 2020

Segments [Abstract]

Schedule of information regarding reportable segments


	January 31, 2020
	Wholesale		Retail		Elimination ⁽¹⁾		Total
Net sales	$	2,862,889	$	385,910	$	(88,335)	$	3,160,464
Cost of goods sold		1,925,062		205,797		(88,335)		2,042,524
Gross profit		937,827		180,113		—		1,117,940
Selling, general and administrative expenses		604,377		227,803		—		832,180
Depreciation and amortization		30,806		7,929		—		38,735
Asset impairments, net of gain on lease terminations		412		18,959		—		19,371
Operating profit (loss)	$	302,232	$	(74,578)	$	—	$	227,654


	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

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

Schedule of total assets for each reportable segments


	January 31,		January 31,
	2020		2019
	(In thousands)
Wholesale	$	1,912,175	$	1,834,610
Retail		272,832		190,996
Corporate		380,130		182,452
Total Assets	$	2,565,137	$	2,208,058

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


	2020				2019				2018
			Long-Lived				Long-Lived				Long-Lived
Geographic Region	Net Sales		Assets		Net Sales		Assets		Net Sales		Assets
United States	$	2,774,492	$	964,476	$	2,656,479	$	762,444	$	2,466,107	$	770,128
Non-United States		385,972		231,973		419,729		191,719		340,831		185,448
	$	3,160,464	$	1,196,449	$	3,076,208	$	954,163	$	2,806,938	$	955,576

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Jan. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of summarized quarterly financial data


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2019		2019		2019		2020 ⁽¹⁾
Net sales	$	633,552	$	643,892	$	1,128,403	$	754,617
Gross profit		236,064		231,769		399,019		251,088
Net income		12,043		11,119		95,387		25,288
Net income per common share
Basic	$	0.25	$	0.23	$	2.00	$	0.53
Diluted	$	0.24	$	0.23	$	1.97	$	0.52


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2018		2018		2018		2019 ⁽²⁾
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

(1)	During the fourth quarter of fiscal 2020, the Company recorded a $21.8 million impairment charge primarily related to leasehold improvements, furniture and fixtures and operating lease assets at certain Wilsons Leather, G.H. Bass and DKNY stores as a result of the performance at these stores.

(2)	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 Leather, G.H. Bass and DKNY stores as a result of the performance at these stores.

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, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Accounting Policies [Abstract]
Net income	$ 25,288	$ 95,387	$ 11,119	$ 12,043	$ 24,080	$ 94,025	$ 10,077	$ 9,885	$ 143,837	$ 138,067	$ 62,124
Basic net income per share:
Basic common shares									48,209	49,140	48,820
Basic net income per share (in dollars per share)	$ 0.53	$ 2.00	$ 0.23	$ 0.25	$ 0.49	$ 1.91	$ 0.20	$ 0.20	$ 2.98	$ 2.81	$ 1.27
Diluted net income per share:
Basic common shares									48,209	49,140	48,820
Diluted restricted stock awards and stock options									686	1,134	930
Diluted common shares									48,895	50,274	49,750
Diluted net income per share (in dollars per share)	$ 0.52	$ 1.97	$ 0.23	$ 0.24	$ 0.48	$ 1.86	$ 0.20	$ 0.20	$ 2.94	$ 2.75	$ 1.25

- Definition

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

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- Definition

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

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+ Details

- Definition

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. 31, 2020	Apr. 30, 2019	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Accounting Policies [Line Items]
Impairment charge on leasehold improvements		$ 9,600
Corporate income tax rate			21.00%	21.00%	33.80%	35.00%
Lock up period after vesting			2 years
Anti-dilutive shares excluded from diluted net income per share calculation			692,000	336,000	466,000
Common stock issued in connection with exercise or vesting of equity awards			8,851	168,179	201,968
Treasury shares re-issued in connection with the exercise or vesting of equity awards			619,651	150,809
Selling, general and administrative expenses			$ 832,180	$ 834,763	$ 855,247
Advertising expense			94,700	87,800	105,600
Prepaid advertising	$ 8,700		$ 8,700	9,000
KL North America BV ("KLNA") and Fabco Holding B.V. ("Fabco")
Accounting Policies [Line Items]
Percentage of ownership interest	49.00%		49.00%
Karl Lagerfeld Holding B.V. ("KLH")
Accounting Policies [Line Items]
Percent of interest acquired	19.00%		19.00%
Wholesale shipping and handling costs
Accounting Policies [Line Items]
Selling, general and administrative expenses			$ 138,800	125,900	120,200
Restricted Stock Units (RSUs)
Accounting Policies [Line Items]
Vesting and exercise period of awards			3 years
Restricted Stock Units (RSUs) \| Long-Term Incentive Stock Plan
Accounting Policies [Line Items]
Vesting and exercise period of awards			3 years
Performance Shares [Member]
Accounting Policies [Line Items]
Vesting and exercise period of awards			3 years
Lock up period after vesting			2 years
Minimum
Accounting Policies [Line Items]
Intangible assets, estimated useful lives			5 years
Minimum \| Performance Shares [Member]
Accounting Policies [Line Items]
Vesting and exercise period of awards			2 years
Maximum
Accounting Policies [Line Items]
Intangible assets, estimated useful lives			17 years
Maximum \| Performance Shares [Member]
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	$ 21,800
Wilsons, G.H. Bass and DKNY Stores [Member] \| Furniture and fixtures
Accounting Policies [Line Items]
Impairment charge on leasehold improvements			$ 21,800	2,800
Wilsons, G H Bass And Vilebrequin Stores \| Furniture and fixtures
Accounting Policies [Line Items]
Impairment charge on leasehold improvements				$ 2,800	6,500
Certain Customers' Stores [Member] \| Furniture and fixtures
Accounting Policies [Line Items]
Impairment charge on leasehold improvements					700
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, 2020	Apr. 15, 2019	Jan. 31, 2019	Dec. 01, 2016
Senior secured term loan facility (the "Term Loan")
Debt Instrument [Line Items]
Debt instruments, carrying value				$ 300,000
LVMH Note
Debt Instrument [Line Items]
Debt instrument interest rate	2.00%
Debt discount	$ 40,000
Unsecured Loan
Debt Instrument [Line Items]
Debt instrument interest rate		1.50%
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 \| Unsecured Loan
Debt Instrument [Line Items]
Debt instruments, carrying value	2,860
Debt instruments, fair value	2,860
Level 3 \| LVMH Note
Debt Instrument [Line Items]
Debt instruments, carrying value	102,009		96,618
Debt instruments, fair value	$ 95,126		$ 88,608

SIGNIFICANT ACCOUNTING POLICIES - Effects of Recently Adopted and Issued Accounting Pronouncements (Details) - USD ($) $ in Thousands		12 Months Ended
	Feb. 01, 2019	Jan. 31, 2020
Accounting Policies [Abstract]
Operating lease liabilities	$ 384,500	$ 312,206
Operating lease assets	341,200	270,032
Impairment of the operating lease assets, net of tax	$ 9,600	$ 9,900

REVENUE RECOGNITION - Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Customer refund liabilities	$ 233,418	$ 243,589
Contract liability	5,900	6,400
Revenue recognized related to contract liabilities	6,300
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 liabilities	$ 233,400	$ 243,600

INVENTORIES - Textuals (Details) - USD ($) $ in Millions	Jan. 31, 2020	Jan. 31, 2019
Inventory [Line Items]
Inventory held on consignment	$ 9.1	$ 4.9
Prepaid Expenses and Other Current Assets
Inventory [Line Items]
Inventory return asset	$ 31.0	$ 42.4

PROPERTY AND EQUIPMENT - Property and Equipment at Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 227,999	$ 210,343
Less: accumulated depreciation	(151,976)	(123,936)
Property and equipment, net	$ 76,023	86,407
Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of fixed assets	5 years
Property and equipment, gross	$ 1,867	2,270
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 75,808	78,403
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	$ 109,284	97,133
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	$ 41,040	$ 32,537
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 Millions	3 Months Ended		12 Months Ended
	Jan. 31, 2020	Apr. 30, 2019	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Property Plant And Equipment [Line Items]
Fixed asset write offs			$ 5.4	$ 2.0
Depreciation expense			33.8	33.9	$ 32.8
Impairment charge on leasehold improvements		$ 9.6
Wilsons, G.H. Bass and DKNY Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements	$ 21.8
Furniture and fixtures \| Wilsons, G.H. Bass and DKNY Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements			21.8	2.8
Furniture and fixtures \| Wilsons, G H Bass And Vilebrequin Stores
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements				$ 2.8	6.5
Furniture and fixtures \| Certain Customers' Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements					0.7
Furniture and fixtures \| Wilsons and G.H. Bass Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements					$ 10.5
Leasehold improvements and furniture and fixtures [Member] \| Wilsons, G.H. Bass and DKNY Stores [Member]
Property Plant And Equipment [Line Items]
Impairment charge on leasehold improvements			$ 11.5

LEASES (Details) - USD ($) $ in Millions		12 Months Ended
LEASES (Details) - USD ($) $ in Millions	Feb. 01, 2019	Jan. 31, 2020
Lessee, Operating Lease, Description [Abstract]
Transition package		true
Option to extend		true
Lessee, operating lease, option to terminate		The exercise of lease renewal options is generally at the Company’s sole discretion. The exercise of lease termination options is generally by mutual agreement between the Company and the lessor.
Variable and short term cost		$ 16.8
Impairment charge related to the operating lease assets	$ 9.6	$ 9.9
Minimum
Lessee, Operating Lease, Description [Abstract]
Operating lease, contract term		1 year
Renewal term		1 year
Maximum
Lessee, Operating Lease, Description [Abstract]
Operating lease, contract term		10 years
Renewal term		10 years

LEASES - Lease assets and liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019
Assets and Liabilities, Lessee [Abstract]
Operating lease assets	$ 270,032	$ 341,200
Classification of operating lease assets	us-gaap:OperatingLeaseRightOfUseAsset
Total lease assets	$ 270,032
Current operating lease liabilities	$ 63,166
Classification current operating lease liabilities	us-gaap:OperatingLeaseLiabilityCurrent
Noncurrent operating lease liabilities	$ 249,040
Classification of noncurrent operating liabilities	us-gaap:OperatingLeaseLiabilityNoncurrent
Total lease liabilities	$ 312,206	$ 384,500

LEASES - Lease cost (Details) $ in Millions	12 Months Ended
LEASES - Lease cost (Details) $ in Millions	Jan. 31, 2020 USD ($)
Selling, general and administrative expenses
Lease, Cost [Abstract]
Lease costs	$ 98.4

LEASES - Future minimum payments under our operating lease (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021	$ 84,407
2022	77,162
2023	67,646
2024	53,962
2025	43,425
After 2025	57,137
Total lease payments	383,739
Less: Interest	71,533
Present value of lease liabilities	$ 312,206	$ 384,500

LEASES - Other information (Details) $ in Millions	12 Months Ended
LEASES - Other information (Details) $ in Millions	Jan. 31, 2020 USD ($)
Leases [Abstract]
Weighted average remaining lease term	5 years 2 months 12 days
Weighted average discount rate	7.80%
Cash paid for amounts included in the measurement of operating lease liabilities	$ 100.8
Right-of-use assets obtained in exchange for lease obligations	$ 27.0

INTANGIBLE ASSETS - Intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 77,423	$ 77,163
Accumulated amortization	(39,060)	(34,759)
Total finite-lived intangible assets	38,363	42,404
Indefinite-lived intangible assets
Goodwill	260,622	261,137	$ 262,710
Trademarks	438,658	439,742
Total indefinite-lived intangible assets	699,280	700,879
Total intangible assets, net	$ 737,643	743,283
Minimum
Indefinite-lived intangible assets
Estimated Life	5 years
Maximum
Indefinite-lived intangible assets
Estimated Life	17 years
Licenses
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 19,258	19,395
Accumulated amortization	(16,107)	(15,692)
Total finite-lived intangible assets	$ 3,151	$ 3,703
Indefinite-lived intangible assets
Estimated Life	14 years	14 years
Trademarks
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 2,194	$ 2,194
Accumulated amortization	$ (2,194)	$ (2,194)
Trademarks \| Minimum
Indefinite-lived intangible assets
Estimated Life	8 years	8 years
Trademarks \| Maximum
Indefinite-lived intangible assets
Estimated Life	12 years	12 years
Customer relationships
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 48,214	$ 48,261
Accumulated amortization	(14,831)	(11,887)
Total finite-lived intangible assets	$ 33,383	$ 36,374
Customer relationships \| Minimum
Indefinite-lived intangible assets
Estimated Life	15 years	15 years
Customer relationships \| Maximum
Indefinite-lived intangible assets
Estimated Life	17 years	17 years
Other
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 7,757	$ 7,313
Accumulated amortization	(5,928)	(4,986)
Total finite-lived intangible assets	$ 1,829	$ 2,327
Other \| Minimum
Indefinite-lived intangible assets
Estimated Life	5 years	5 years
Other \| Maximum
Indefinite-lived intangible assets
Estimated Life	10 years	10 years

INTANGIBLE ASSETS - Estimated amortization expense (Details) $ in Thousands	Jan. 31, 2020 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2021	$ 3,999
2022	3,523
2023	3,200
2024	2,962
2025	$ 2,934

INTANGIBLE ASSETS - Change in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 261,137	$ 262,710
Currency translation	(515)	(1,573)
Goodwill, Ending Balance	260,622	261,137
Wholesale
Goodwill [Roll Forward]
Goodwill, Beginning Balance	261,137	262,710
Currency translation	(515)	(1,573)
Goodwill, Ending Balance	$ 260,622	$ 261,137

INTANGIBLE ASSETS - Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Business Acquisition [Line Items]
Intangible assets amortization expense	$ 4,500	$ 4,600	$ 4,500
Goodwill	$ 260,622	$ 261,137	262,710
Retail
Business Acquisition [Line Items]
Goodwill written off			$ 700

NOTES PAYABLE AND OTHER LIABILITIES - Long-term debt (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019	Dec. 01, 2016
Debt Instrument [Line Items]
Debt issuance costs	$ 4,600	$ 7,100
Long-term Debt
Debt Instrument [Line Items]
Subtotal	427,860	425,000
Less: Net debt issuance costs (1)	(7,402)	(10,014)
Debt discount	(22,991)	(28,382)
Current portion of long-term debt	(673)
Total	396,794	386,604
Senior secured term loan facility (the "Term Loan")
Debt Instrument [Line Items]
Subtotal			$ 300,000
Debt issuance costs	18,300
Senior secured term loan facility (the "Term Loan") \| Long-term Debt
Debt Instrument [Line Items]
Subtotal	300,000	300,000
Revolving credit facility
Debt Instrument [Line Items]
Debt issuance costs	12,400
LVMH Note
Debt Instrument [Line Items]
Debt discount	(40,000)
LVMH Note \| Long-term Debt
Debt Instrument [Line Items]
Subtotal	125,000	$ 125,000
Unsecured Loan \| Long-term Debt
Debt Instrument [Line Items]
Subtotal	$ 2,860

NOTES PAYABLE AND OTHER LIABILITIES - Future Debt Maturities (Detail) $ in Thousands	Jan. 31, 2020 USD ($)
Notes Payable [Abstract]
2021	$ 673
2022	673
2023	300,673
2024	125,673
2025 and thereafter	$ 168

NOTES PAYABLE AND OTHER LIABILITIES - Accrued expenses (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
Notes Payable [Abstract]
Accrued bonuses	$ 40,980	$ 44,519
Other accrued expenses	60,858	58,322
Total	$ 101,838	$ 102,841

NOTES PAYABLE AND OTHER LIABILITIES - Textuals (Details) $ in Thousands, € in Millions			12 Months Ended
	Apr. 15, 2019 EUR (€)	Dec. 01, 2016 USD ($)	Jan. 31, 2020 USD ($)	Jan. 31, 2019 USD ($)
Debt Instrument [Line Items]
Debt issuance costs			$ 4,600	$ 7,100
Long-term Debt
Debt Instrument [Line Items]
Debt instruments, carrying value			427,860	425,000
Debt discount			22,991	28,382
Senior secured term loan facility (the "Term Loan")
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 350,000
Prepayment of principal amount		$ 50,000
Debt instruments, carrying value		$ 300,000
Floor rate			1.00%
Applicable margin			5.25%
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%
Leverage ratio description for 50% prepayment			less than 3.00 to 1.00
Prepayment percentage of excess cash flow when leverage ratio less than 2.75 to 1.00			25.00%
Leverage ratio description for 25% prepayment			less than 2.75 to 1.00
Prepayment percentage of excess cash flow when leverage ratio less than 2.25 to 1.00			0.00%
Leverage ratio description for 0% prepayment			less than 2.25 to 1.00
Loan description			Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to the London Interbank Offered Rate (“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.
Debt covenant compliance			As of January 31, 2020, the Company was in compliance with these covenants.
Interest rate terms			Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to the London Interbank Offered Rate (“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.
Debt issuance costs			$ 18,300
Loan expenses			$ 2,600
Weighted average interest rate			7.58%
Basis points change in interest rate			0.25%
Effect of change on interest expenses			$ 800
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") \| Long-term Debt
Debt Instrument [Line Items]
Debt instruments, carrying value			$ 300,000	300,000
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
Loan description			The revolving credit facility contains covenants that, among other things, restrict the Company’s ability, subject to specified exceptions, to incur additional debt; incur liens; sell or dispose of certain assets; merge with other companies; liquidate or dissolve the Company; acquire other companies; make loans, advances, or guarantees; and make certain investments. In certain circumstances, the revolving credit facility also requires the Company to maintain a fixed charge coverage ratio, as defined in the agreement, not less than 1.00 to 1.00 for each period of twelve consecutive fiscal months of the Company.
Debt covenant compliance			As of January 31, 2020, the Company was in compliance with these covenants.
Debt issuance costs			$ 12,400
Weighted average interest rate			3.26%
Maturity date			Dec. 01, 2021
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%
Maturity date			Jun. 01, 2023
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
LVMH Note \| Long-term Debt
Debt Instrument [Line Items]
Debt instruments, carrying value			$ 125,000	$ 125,000
Unsecured Loan
Debt Instrument [Line Items]
Debt instrument interest rate	1.50%
Principal amount of debt \| €	€ 3.0
Maturity date			Apr. 15, 2024
Installment payments \| €	€ 0.2
Unsecured Loan \| Long-term Debt
Debt Instrument [Line Items]
Debt instruments, carrying value			$ 2,860
Trade letters of Credit \| Revolving credit facility
Debt Instrument [Line Items]
Borrowings outstanding			6,500
Standby Letters of Credit \| Revolving credit facility
Debt Instrument [Line Items]
Borrowings outstanding			5,300
Long term liabilities \| Revolving credit facility
Debt Instrument [Line Items]
Borrowings outstanding			$ 0
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%
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%

INCOME TAXES - Components of Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Current
Federal	$ 22,471	$ 23,463	$ 28,723
State and city	4,856	5,907	2,592
Foreign	10,615	10,989	12,532
Current Income Tax Expense (Benefit), Total	37,942	40,359	43,847
Deferred
Federal	8,250	4,419	4,084
State and city	315	191	1,285
Foreign	(8,246)	794	(1,291)
Deferred Income Tax Expense (Benefit), Total	319	5,404	4,078
Income tax expense	38,261	45,763	47,925
Income before income taxes
United States	138,292	137,748	93,691
Non-United States	43,806	46,082	16,358
Income before income taxes	$ 182,098	$ 183,830	$ 110,049

INCOME TAXES - Summary of Significant Components of Net Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
Deferred Income Tax Assets:
Compensation	$ 8,379	$ 10,605
Inventory	4,498	2,244
Straight-line lease		6,642
Provision for bad debts and sales allowances	34,197	33,221
Supplemental employee retirement plan	511	401
Net operating loss	4,877	3,362
Operating lease liability	67,044
Other	1,148	2,891
Gross deferred income tax assets	120,654	59,366
Less: valuation allowance	(4,929)	(2,303)
Net deferred income tax assets	115,725	57,063
Deferred income tax liabilities:
Depreciation and amortization	(33,539)	(25,617)
Intangibles	(13,602)	(21,742)
Operating lease asset	(55,801)
Prepaid expenses and other	(2,600)	(2,405)
Total deferred income tax liabilities	(105,542)	(49,764)
Net deferred tax assets	$ 10,183	$ 7,299

INCOME TAXES - Reconciliation of Statutory Federal Income Tax Rate to Effective Rate Reported in Financial Statements (Details)	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Income Tax Disclosure [Abstract]
Provision for Federal income taxes at the statutory rate	21.00%	21.00%	33.80%	35.00%
State and local income taxes, net of Federal tax benefit	1.90%	2.40%	0.50%
Permanent differences resulting in Federal taxable income	5.90%	6.60%	8.80%
Tax reform			7.50%
Foreign tax rate differential	(3.80%)	0.50%	0.20%
Share-based payments	(0.80%)	(0.60%)	(1.20%)
Foreign tax credit	(3.50%)	(5.50%)	(7.70%)
Valuation allowance	0.90%	0.20%	1.50%
Other, net	(0.60%)	0.30%	0.20%
Actual provision for income taxes	21.00%	24.90%	43.60%

INCOME TAXES - Reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at February 1,		$ 82	$ 1,094
Additions for tax positions of prior years	$ 2,111
Lapses of statutes of limitations		$ (82)	(1,012)
Balance at January 31,	$ 2,111		$ 82

INCOME TAXES - Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES - Textuals (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Income Taxes [Line Items]
GILTI net tax impact	$ 100
Deferred tax liabilities related to intangible assets	13,602	$ 21,742
Deferred tax liability tax benefit	6,100
Undistributed earnings of foreign subsidiaries	$ 85,000
Tax Cuts And Jobs Act Of 2017 Measurement Period Adjustment Increase Decrease In Effective Tax Rate	(3.9)	(18.7)
Corporate income tax rate	21.00%	21.00%	33.80%	35.00%
Valuation allowance of deferred tax assets	$ 1,900
Decrease in unrecognized tax position reserve for current year accrual of interest and penalties	2,100
SWITZERLAND
Income Taxes [Line Items]
Deferred tax liabilities related to intangible assets	$ 7,900	$ 15,100

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, 2020 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021	$ 84,407
2022	77,162
2023	67,646
2024	53,962
2025	43,425
Thereafter	57,137
Total lease payments	$ 383,739

COMMITMENTS AND CONTINGENCIES - Future Minimum Royalty and Advertising Payments (Details) - Royalty and Advertising Payments $ in Thousands	Jan. 31, 2020 USD ($)
Licenses Agreements [Line Items]
2021	$ 153,265
2022	100,835
2023	63,711
2024	52,629
Future minimum royalty and advertising payments, total	$ 370,440

COMMITMENTS AND CONTINGENCIES - Textuals (Details) $ in Millions, $ in Millions			1 Months Ended	12 Months Ended
	Mar. 14, 2018 USD ($)	Mar. 14, 2018 CAD ($)	Oct. 27, 2017	Jan. 31, 2020 USD ($)	Jan. 31, 2020 CAD ($)	Jan. 31, 2019 USD ($)	Jan. 31, 2018 USD ($)
Commitment And Contingencies [Line Items]
Advertising expense				$ 94.7		$ 87.8	$ 105.6
CBSA
Commitment And Contingencies [Line Items]
Reassessment period to additional duties			90 days
Licenses
Commitment And Contingencies [Line Items]
Royalty expense				178.8		165.7	154.3
Advertising expense				48.3		$ 46.2	$ 43.4
G-III Apparel Canada ULC
Commitment And Contingencies [Line Items]
Value of bond issued for prepayments of additional duties	$ 20.9	$ 26.9
Deferred expenses				$ 9.7	$ 12.8

STOCKHOLDERS' EQUITY - Restricted Stock (Details) - $ / shares	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Restricted Stock Units (RSUs)
Awards Outstanding
Unvested, beginning balance	281,825	327,014	435,102
Granted	142,594	137,723	52,891
Vested	(168,781)	(159,663)	(150,588)
Canceled	(12,695)	(23,249)	(10,391)
Unvested, ending balance	242,943	281,825	327,014
Weighted Average Grant Date Fair Value
Unvested, beginning balance	$ 34.56	$ 30.59	$ 30.36
Granted	37.74	38.32	26.83
Vested	32.32	30.38	28.75
Canceled	35.09	29.69	28.42
Unvested, ending balance	$ 37.95	$ 34.56	$ 30.59
Performance Shares [Member]
Awards Outstanding
Unvested, beginning balance	1,539,794	1,445,563	1,599,472
Granted	332,651	391,530	190,875
Vested	(810,655)	(292,266)	(344,784)
Canceled	(3,080)	(5,033)
Unvested, ending balance	1,058,710	1,539,794	1,445,563
Weighted Average Grant Date Fair Value
Unvested, beginning balance	$ 30.15	$ 29.26	$ 30.32
Granted	35.77	30.23	13.36
Vested	24.58	25.91	25.35
Canceled	42.41	27.10
Unvested, ending balance	$ 36.15	$ 30.15	$ 29.26

STOCKHOLDERS' EQUITY - Information Regarding All Stock Options (Details) - $ / shares	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Shares
Stock options outstanding at beginning of year	55,311	62,666	251,131
Exercised	(13,200)	(15,600)	(188,465)
Granted	0	8,245	0
Cancelled or forfeited	(2,800)
Stock options outstanding at end of year	39,311	55,311	62,666
Exercisable	35,188	47,066	62,666
Weighted Average Exercise Price
Stock options outstanding at beginning of year	$ 15.70	$ 11.50	$ 9.16
Exercised	8.71	6.55	8.38
Granted		30.32
Cancelled or forfeited	9.20
Stock options outstanding at end of year	18.51	15.70	11.50
Exercisable	$ 17.12	$ 13.14	$ 11.50

STOCKHOLDERS' EQUITY - Summary of Information about Stock Options Outstanding (Details)	12 Months Ended
	Jan. 31, 2020 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number, Outstanding Shares \| shares	39,311
Number, Exercisable Shares \| shares	35,188
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	21,066
Weighted Average Remaining Contractual Life	6 months 21 days
Weighted Average Exercise Price	$ 14.07
Number, Exercisable Shares \| shares	21,066
Weighted Average Exercise Price, Exercisable	$ 14.07
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	2 years 6 months 3 days
Weighted Average Exercise Price	$ 23.63
Number, Exercisable Shares \| shares	14,122
Weighted Average Exercise Price, Exercisable	$ 21.67

STOCKHOLDERS' EQUITY - Textuals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Stockholders Equity [Line Items]
Number of shares authorized to be repurchased under prior program	5,000,000
Common stock share acquired	1,327,566	723,072
Aggregate purchase price	$ 35,216	$ 20,311
Granted	0	8,245	0
Lock up period after vesting	2 years
Proceeds from exercise of equity awards	$ 115	$ 101	$ 1,578
Long-Term Incentive Stock Plan
Stockholders Equity [Line Items]
Shares available for grant	2,756,905
Restricted Stock Units (RSUs)
Stockholders Equity [Line Items]
Vesting and exercise period of awards	3 years
Restricted Stock Units (RSUs) \| Long-Term Incentive Stock Plan
Stockholders Equity [Line Items]
Vesting and exercise period of awards	3 years
Share-based compensation expense	$ 17,500	19,700	19,700
Unrecognized stock compensation related to unvested option awards	18,700	19,400	23,000
Fair value of award for which restrictions lapsed	$ 31,000	17,500	14,300
Performance Shares [Member]
Stockholders Equity [Line Items]
Vesting and exercise period of awards	3 years
Lock up period after vesting	2 years
Performance Shares [Member] \| Minimum
Stockholders Equity [Line Items]
Vesting and exercise period of awards	2 years
Performance Shares [Member] \| Maximum
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 6 months
Aggregate intrinsic value for stock options outstanding	$ 400
Aggregate intrinsic value for stock option exercisable	400
Proceeds from exercise of equity awards	100
Intrinsic value of stock options exercised	300	400
Share-based compensation expense	$ 100	$ 0	$ 0
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, 2020	Jan. 31, 2019	Jan. 31, 2018
Customer One \| Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk	25.70%	27.50%
Customer Two \| Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk	17.00%	16.50%
Customer Three \| Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk	10.00%
Customer \| Customer One \| Sales Revenue, Net [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk	26.30%	24.80%	22.20%
Customer \| Customer Two \| Sales Revenue, Net [Member]
Revenue, Major Customer [Line Items]
Percentage of concentration risk	13.20%	12.40%
Supplier
Revenue, Major Customer [Line Items]
Percentage of concentration risk	49.50%	61.50%	65.10%
Vendors \| One Vendor
Revenue, Major Customer [Line Items]
Percentage of concentration risk	11.40%	14.40%	14.70%

EMPLOYEE BENEFIT PLANS - Textuals (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
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	$ 4.7	$ 3.8	$ 3.6

SEGMENTS - Information Regarding Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 754,617	$ 1,128,403	$ 643,892	$ 633,552	$ 766,785	$ 1,072,982	$ 624,698	$ 611,743	$ 3,160,464	$ 3,076,208	$ 2,806,938
Cost of goods sold									2,042,524	1,969,099	1,752,199
Gross profit	$ 251,088	$ 399,019	$ 231,769	$ 236,064	$ 258,938	$ 382,100	$ 231,544	$ 234,527	1,117,940	1,107,109	1,054,739
Selling, general and administrative expenses									832,180	834,763	855,247
Depreciation and amortization									38,735	38,819	37,783
Asset impairments									19,371	2,813	7,884
Operating profit									227,654	230,714	153,825
Operating Segments \| Wholesale
Segment Reporting Information [Line Items]
Net sales									2,862,889	2,716,958	2,454,008
Cost of goods sold									1,925,062	1,837,335	1,650,084
Gross profit									937,827	879,623	803,924
Selling, general and administrative expenses									604,377	570,290	571,164
Depreciation and amortization									30,806	29,644	27,679
Asset impairments									412		2,310
Operating profit									302,232	279,689	202,771
Operating Segments \| Retail
Segment Reporting Information [Line Items]
Net sales									385,910	476,764	502,494
Cost of goods sold									205,797	249,278	251,679
Gross profit									180,113	227,486	250,815
Selling, general and administrative expenses									227,803	264,473	284,083
Depreciation and amortization									7,929	9,175	10,104
Asset impairments									18,959	2,813	5,574
Operating profit									(74,578)	(48,975)	(48,946)
Elimination
Segment Reporting Information [Line Items]
Net sales									(88,335)	(117,514)	(149,564)
Cost of goods sold									$ (88,335)	$ (117,514)	$ (149,564)

SEGMENTS - Information of Total Assets for Company's Reportable Segments (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
Segment Reporting Information [Line Items]
Total assets	$ 2,565,137	$ 2,208,058
Corporate Segment
Segment Reporting Information [Line Items]
Total assets	380,130	182,452
Operating Segments \| Wholesale
Segment Reporting Information [Line Items]
Total assets	1,912,175	1,834,610
Operating Segments \| Retail
Segment Reporting Information [Line Items]
Total assets	$ 272,832	$ 190,996

SEGMENTS - Method of Overhead Allocation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 754,617	$ 1,128,403	$ 643,892	$ 633,552	$ 766,785	$ 1,072,982	$ 624,698	$ 611,743	$ 3,160,464	$ 3,076,208	$ 2,806,938
Long-Lived Assets	1,196,449				954,163				1,196,449	954,163	955,576
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									2,774,492	2,656,479	2,466,107
Long-Lived Assets	964,476				762,444				964,476	762,444	770,128
Non-United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									385,972	419,729	340,831
Long-Lived Assets	$ 231,973				$ 191,719				$ 231,973	$ 191,719	$ 185,448

SEGMENTS - Textuals (Details) $ in Millions	12 Months Ended
SEGMENTS - Textuals (Details) $ in Millions	Jan. 31, 2020 USD ($) segment	Jan. 31, 2019 USD ($)	Jan. 31, 2018 USD ($)
Segments [Abstract]
Number of operating segments \| segment	2
Capital expenditures for outside of United States \| $	$ 4.6	$ 4.3	$ 3.7

EQUITY INVESTMENT - Textuals (Details) $ in Thousands, € in Millions	1 Months Ended			12 Months Ended
	Feb. 29, 2016 USD ($)	Feb. 29, 2016 EUR (€)	Jun. 30, 2015 USD ($)	Jan. 31, 2020 USD ($)	Jan. 31, 2019 USD ($)	Jan. 31, 2018 USD ($)	Aug. 31, 2017
Schedule of Equity Method Investments [Line Items]
Equity issued in joint venture					$ 9,951	$ 49
Karl Lagerfeld Holding B.V. [Member]
Schedule of Equity Method Investments [Line Items]
Amount paid to acquired interest in joint venture	$ 35,400	€ 32.5
KL North America
Schedule of Equity Method Investments [Line Items]
Percent of interest acquired			49.00%
Amount paid to acquired interest in joint venture			$ 25,000
Amlon [Member]
Schedule of Equity Method Investments [Line Items]
Amount paid to acquired interest in joint venture				$ 10,000
Equity issued in joint venture				$ 25,000
Kingdom Holding 1 BV ("KH1")
Schedule of Equity Method Investments [Line Items]
Percent of interest acquired	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, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Related Party Transaction [Line Items]
Revenues	$ 754,617	$ 1,128,403	$ 643,892	$ 633,552	$ 766,785	$ 1,072,982	$ 624,698	$ 611,743	$ 3,160,464	$ 3,076,208	$ 2,806,938
KLNA
Related Party Transaction [Line Items]
Royalty and advertising expense									$ 6,800	6,400	$ 4,800
KLNA \| KLNA
Related Party Transaction [Line Items]
Percent of interest acquired in joint venture	49.00%								49.00%
Fabco
Related Party Transaction [Line Items]
Inventory sold to related party									$ 4,400
Revenues									3,100	$ 2,200
Prepaid expenses	$ 500								500
Due to related party	$ 100								$ 100
Fabco \| Fabco
Related Party Transaction [Line Items]
Percentage of ownership interest	49.00%								49.00%

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 754,617	$ 1,128,403	$ 643,892	$ 633,552	$ 766,785	$ 1,072,982	$ 624,698	$ 611,743	$ 3,160,464	$ 3,076,208	$ 2,806,938
Gross profit	251,088	399,019	231,769	236,064	258,938	382,100	231,544	234,527	1,117,940	1,107,109	1,054,739
Net income	$ 25,288	$ 95,387	$ 11,119	$ 12,043	$ 24,080	$ 94,025	$ 10,077	$ 9,885	$ 143,837	$ 138,067	$ 62,124
NET INCOME PER COMMON SHARE:
Basic (in dollars per share)	$ 0.53	$ 2.00	$ 0.23	$ 0.25	$ 0.49	$ 1.91	$ 0.20	$ 0.20	$ 2.98	$ 2.81	$ 1.27
Diluted (in dollars per share)	$ 0.52	$ 1.97	$ 0.23	$ 0.24	$ 0.48	$ 1.86	$ 0.20	$ 0.20	$ 2.94	$ 2.75	$ 1.25

- Definition

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, 2020	Apr. 30, 2019	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Quarterly Financial Data [Line Items]
Asset impairments, net of gain on lease terminations				$ 19,371	$ 2,813	$ 7,884
Impairment of Leasehold		$ 9,600
Furniture and fixtures \| Wilsons Leather, G.H. Bass and DKNY Stores
Quarterly Financial Data [Line Items]
Asset impairments, net of gain on lease terminations			$ 2,800
Impairment of Leasehold	$ 21,800

SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands		12 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands	Mar. 01, 2020	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Subsequent Event [Line Items]
Proceeds from borrowings - revolving credit facility		$ 2,388,766	$ 2,303,932	$ 1,939,774
Subsequent Event
Subsequent Event [Line Items]
Proceeds from borrowings - revolving credit facility	$ 500,000

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 244,514	$ 165,416	$ 155,488
ASC 606 Transition Adjustment		66,617
Charges to Cost and Expenses	478,996	432,755	337,298
Deductions	489,382	420,274	327,370
Balance at End of Period	234,128	244,514	165,416
Allowance for doubtful accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	924	2,093	1,192
Charges to Cost and Expenses	(72)	(140)	854
Deductions	142	1,029	(47)
Balance at End of Period	710	924	2,093
Reserve for returns
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	62,278	61,179	59,802
Charges to Cost and Expenses	56,440	57,777	32,710
Deductions	72,229	56,678	31,333
Balance at End of Period	46,489	62,278	61,179
Reserve for sales allowances
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	181,312	102,144	94,494
ASC 606 Transition Adjustment		66,617
Charges to Cost and Expenses	422,628	375,118	303,734
Deductions	417,011	362,567	296,084
Balance at End of Period	$ 186,929	$ 181,312	$ 102,144