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Subsequent Events
12 Months Ended
Jan. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

18. Subsequent Events

On March 11, 2020, the World Health Organization declared the novel strain of coronavirus (COVID-19) a global pandemic and recommended containment and mitigation measures worldwide. As of the date of this filing, many of the Company-operated and franchise stores globally have been impacted by temporary closures or reduced store hours. Additionally, the Company will be furloughing a substantial number of store, wholesale and home office employees for 60 days beginning April 1, 2020, and is also taking many additional measures to protect its financial position and increase financial flexibility.  The Company cannot reasonably estimate the length or severity of this pandemic, but it currently anticipates a material adverse impact on the its consolidated financial position, consolidated results of operations, and consolidated cash flows in fiscal 2021. 

On March 16, 2020, the Company borrowed $220,000 under the Amended Credit Facility in order to preserve financial flexibility and maintain liquidity and flexibility in response to the COVID-19 outbreak that caused public health officials to recommend precautions that would mitigate the spread of the virus, including warning against congregating in heavily populated areas such as malls and shopping centers, and led to the temporary closure of all of the Company’s stores globally. The Company intends to use the proceeds in the future for working capital, capital expenditure, general corporate or other purposes. We expect to remain in compliance with all terms, including financial covenants, of the Amended Credit Agreement.

Subsequent to January 31, 2020 (from March 12, 2020 to March 13, 2020), the Company repurchased and subsequently retired a total of 482,003 common shares for approximately $7,036, at an average price of $14.60 per share, including commissions. All fiscal 2021 share repurchases were funded with available cash, cash equivalents and marketable securities.