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margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><i>Accounting Guidance Issued Being Evaluated for Adoption</i></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In January 2017, the FASB issued ASU 2017-04, &#8220;Intangibles &#8212; Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.&#8221; The purpose of ASU 2017-04 is to simplify the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The amendment should be applied on a prospective basis. ASU 2017-04 is effective for fiscal years beginning after December 15, 2019, including interim periods within that year. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect ASU 2017-04 to have an impact on its consolidated financial statements.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In January 2017, the FASB issued ASU 2017-01, &#8220;Business Combinations (Topic 805): Clarifying the Definition of a Business.&#8221; The purpose of ASU 2017-01 is to clarify the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within that year. The amendments in ASU 2017-01 should be applied prospectively on or after the effective date. Early adoption is permitted. The Company does not expect ASU 2017-01 to have an impact on its consolidated financial statements.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In October 2016, the FASB issued ASU 2016-16, &#8220;Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.&#8221; The update requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset upon transfer other than inventory, eliminating the current recognition exception. Prior to the update, GAAP prohibited the recognition of current and deferred income taxes for intra-entity asset transfers until the asset was sold to an outside party. The amendments in this update do not include new disclosure requirements; however, existing disclosure requirements might be applicable when accounting for the current and deferred income taxes for an intra-entity transfer of an asset other than inventory. For public business entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those fiscal years. The Company does not expect ASU 2016-16 to have an impact on its consolidated financial statements.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In August 2016, the FASB issued ASU 2016-15, &#8220;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,&#8221; which clarifies guidance with respect to the classification of eight specific cash flow issues. ASU 2016-15 was issued to reduce diversity in practice and prevent financial statement restatements. Cash flow issues include: debt prepayment or debt extinguishment costs, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies and bank-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Under the provision, entities must apply the guidance retrospectively to all periods presented but may apply it prospectively if retrospective application would be impracticable. The Company is currently evaluating the provisions of ASU 2016-15.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In April 2016, the FASB issued ASU 2016-10, &#8220;Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.&#8221; The guidance clarifies two aspects of Topic 606: (i) identifying performance obligations and (ii) providing licensing implementation guidance, while retaining the related principles for those areas. Topic 606 includes implementation guidance on (a) contracts with customers to transfer goods and services in exchange for consideration and (b) determining whether an entity&#8217;s promise to grant a license provides a customer with either a right to use the entity&#8217;s intellectual property (which is satisfied at a point in time) or a right to access the entity&#8217;s intellectual property (which is satisfied over time). The amendments in this update are intended to render more detailed implementation guidance with the expectation of reducing the degree of judgment necessary to comply with Topic 606. The FASB continues to clarify this guidance and most recently issued ASU 2016-08, &#8220;Principal versus Agent Considerations (Reporting Revenue Gross versus Net),&#8221; ASU 2016-12, &#8220;Narrow-Scope Improvements and Practical Expedients,&#8221; and ASU 2016-20, &#8220;Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.&#8221; These new standards have the same effective date as ASU 2014-09 and will be effective for public entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the cumulative catch-up transition method). The Company has not yet determined which method it will utilize. The Company has formed a committee that is evaluating the potential differences that would result from applying the requirements of the new standard to the current accounting policies and practices. Based on this initial assessment and the actions the Committee is currently undertaking to implement the new guidance, the Company currently believes that the adoption of Topic 606 will primarily impact its wholesale operations segment in the timing of recognition of certain adjustments that are currently recorded in net sales along with reclassifications of certain operating expenses such as cooperative advertising, which is currently recorded in selling, general and administrative expenses but will be recorded as an offset to net sales under the new guidance. The Company believes that the retail operations segment will not be materially impacted by the new guidance, as its retail stores do not currently offer significant loyalty programs to their customers. However, these assessments may be subject to change.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In February 2016, the FASB issued ASU 2016-02, &#8220;Leases (Topic 842).&#8221; The primary difference between the current requirement under GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. ASU 2016-02 requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of lease payments. The asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Operating leases will result in straight-line expense (similar to current operating leases) while finance leases will result in a front-loaded expense pattern (similar to current capital leases). Classification will be based on criteria that are for the most part similar to those applied in current lease accounting. ASU 2016-02 may be adopted using a modified retrospective transition, and provides for certain practical expedients. Transactions will require application of the new guidance at the beginning of the earliest comparative period presented. The guidance is effective for public entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the potential impact of ASU 2016-02 on its consolidated financial statements and expects that it will result in a significant increase to its long-term assets and liabilities.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In January 2016, the FASB issued ASU 2016-01, &#8220;Financial Instruments&#8201;&#8212;&#8201;Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.&#8221; This standard modifies how entities measure equity investments and present changes in the fair value of financial liabilities; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; changes presentation and disclosure requirements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity&#8217;s other deferred tax assets. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted. The Company does not expect that the adoption of this ASU will have a significant impact on its statement of operations.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><u>Basis of Presentation</u></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As used in these financial statements, the term &#8220;Company&#8221; or &#8220;G-III&#8221; refers to G-III Apparel Group, Ltd. and its subsidiaries. The Company designs, manufactures and markets an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women&#8217;s suits and women&#8217;s performance wear, as well as women&#8217;s handbags, footwear, small leather goods, cold weather accessories and luggage. The Company also operates retail stores.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company consolidates the accounts of all its wholly-owned and majority-owned subsidiaries. KL North America BV (&#8220;KLNA&#8221;) is a Dutch limited liability company that is a joint venture that is 49% owned by the Company. Kingdom Holdings 1 B.V. (&#8220;KH1&#8221;) 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 (&#8220;Vilebrequin&#8221;), a Swiss corporation that is wholly-owned by the Company, KH1 and KLNA report results on a calendar year basis rather than on the January 31 fiscal year basis used by the Company. Our retail stores use a 52/53-week fiscal year.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The results for the three month period ended April 30, 2017 are not necessarily indicative of the results expected for the entire fiscal year, given the seasonal nature of the Company&#8217;s business. The accompanying financial statements included herein are unaudited. All adjustments (consisting of only normal recurring adjustments) necessary for a fair presentation of the financial position, results of operations and cash flows for the interim period presented have been reflected.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The accompanying financial statements should be read in conjunction with the financial statements and notes included in the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended January 31, 2017 filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;).</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company&#8217;s international subsidiaries use different functional currencies, which are the local selling currency. In accordance with the authoritative guidance, operating assets and liabilities of the Company&#8217;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. 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The amendment should be applied on a prospective basis. ASU 2017-04 is effective for fiscal years beginning after December 15, 2019, including interim periods within that year. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect ASU 2017-04 to have an impact on its consolidated financial statements.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In January 2017, the FASB issued ASU 2017-01, &#8220;Business Combinations (Topic 805): Clarifying the Definition of a Business.&#8221; The purpose of ASU 2017-01 is to clarify the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within that year. The amendments in ASU 2017-01 should be applied prospectively on or after the effective date. Early adoption is permitted. 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widows: 2; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 45pt;"></td> <td style="width: 18pt;">(2)</td> <td style="text-align: justify;">This table does not include the debt issuance costs, net of amortization, totaling $11.3 million&#160;and $11.9 million&#160;as of April 30, 2017&#160;and January 31, 2017, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are presented as an asset as permitted under ASU 2015-15.</td> </tr> </table> 0.0200 40000000 669800000 516121000 300000000 91121000 125000000 545000000 300000000 120000000 125000000 54365000 52204000 461756000 492796000 50000000 0.0100 0.0025 0.0075 0.0025 75000000 50000000 0.00625 9700000 3400000 350000000 120000000 125000000 <div>Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to LIBOR, subject to a 1% floor, plus an applicable margin of 5.25% or an alternate base rate (defined as the greatest of (i) the "prime rate" as published by the Wall Street Journal from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus 4.25%, per annum, payable in cash.</div> 0.01 0.0525 Includes assets not allocated to any reportable segment. Represents intersegment sales to the Company's retail operations. There were no borrowings outstanding as of April 30, 2016 under the Company's prior revolving credit agreement. This table does not include the debt issuance costs, net of amortization, totaling $11.3 million and $11.9 million as of April 30, 2017 and January 31, 2017, respectively, related to the new revolving credit facility. 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font-size: 10pt;">13,235</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Inventories</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">10,933</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> </tr> <tr style="vertical-align: bottom;"> <td><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Prepaid expenses &amp; other current assets</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; 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font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">15,760</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> </tr> <tr style="vertical-align: bottom;"> <td><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Goodwill</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; 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font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">370,000</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> </tr> <tr style="vertical-align: bottom;"> <td><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Other intangibles</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">40,000</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="border-bottom-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Other long-term assets</font></td> <td style="text-align: right; border-bottom-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; border-bottom-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; padding-left: 14.15pt; border-bottom-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">2,703</font></td> <td style="text-align: right; padding-left: 14.15pt; border-bottom-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; border-bottom-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom-color: white; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Total assets acquired</font></td> <td style="text-align: right; border-bottom-color: white; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; border-bottom-color: white; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; padding-left: 14.15pt; border-bottom-color: white; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; 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border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">(3,631 )</font></td> <td style="text-align: right; padding-left: 14.15pt; border-bottom-color: white; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; border-bottom-color: white; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="border-bottom-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; 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border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">(64,708 )</font></td> <td style="text-align: right; padding-left: 14.15pt; border-bottom-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; border-bottom-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Total fair value of acquisition consideration (net of&#8201; $40 million imputed debt discount)</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 6.75pt; border-bottom-style: double;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 6.75pt; border-bottom-style: double;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">669,778</font></td> <td style="text-align: right; padding-left: 14.15pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> <td style="text-align: right;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8203;</font></td> </tr> </table> 0000821002giii:DonnaKaranInternationalMember2016-12-01 44375000 13235000 10933000 19533000 15760000 217947000 370000000 40000000 2703000 734486000 18734000 38900000 3443000 3631000 64708000 669778000 40000000 0000821002us-gaap:CustomerRelationshipsMembergiii:DonnaKaranInternationalMember2016-12-01 40000000 410000000 0000821002us-gaap:CustomerRelationshipsMembergiii:DonnaKaranInternationalMember2016-11-012016-12-01 P17Y 00008210022016-12-01 0000821002us-gaap:TradeNamesMembergiii:DonnaKaranInternationalMember2016-12-01 370000000 P15Y 220600000