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Acquisitions and Intangibles (Tables)

12 Months Ended

Jan. 31, 2013

Summary of Components of Preliminary Purchase Price Allocation for Acquisition of Vilebrequin

The following table (in thousands) summarizes the components of the preliminary purchase price allocation for the acquisition of Vilebrequin:

Purchase price:
Cash paid		$	87,573
Notes issued			18,633
Fair value of contingent consideration			5,452
		$	111,658
Allocation:
Current assets		$	25,793
Property, plant and equipment			5,724
Identifiable intangible assets			68,847
Other non-current assets, net			4,551
Assumed liabilities			(12,938	)
Deferred income taxes			(12,515	)
Goodwill			32,196
		$	111,658

Pro Forma Information of Results of Operations

The following unaudited pro forma information presents the results of operations of the Company as if the Vilebrequin acquisition had taken place on February 1, 2011:

		Year Ended January 31,
		2013				2012
		(In thousands, except per share amounts)
Net sales		$	1,434,784			$	1,294,161
Net income		$	59,105			$	54,465
Net income per share:
Basic		$	2.95			$	2.75
Diluted		$	2.91			$	2.70

Intangible Assets

Intangible assets consist of:

				January 31,
		Estimated Life		2013				2012
				(In thousands)
Gross carrying amounts
Licenses		14 years		$	20,432			$	12,573
Trademarks		8 - 12 years			2,193				2,194
Customer relationships		8 - 15 years			8,620				5,900
Other		3 - 10 years			1,994				1,058
Subtotal					33,239				21,725
Accumulated amortization
Licenses					12,798				12,533
Trademarks					1,595				1,374
Customer relationships					2,995				2,359
Other					1,393				1,058
Subtotal					18,781				17,324
Net
Licenses					7,634				40
Trademarks					598				820
Customer relationships					5,625				3,541
Other					601				—
Subtotal					14,458				4,401
Unamortized intangible assets
Goodwill (Deductible for tax purposes)					60,396				26,100
Trademarks					75,464				13,210
Subtotal					135,860				39,310
Total intangible assets, net				$	150,318			$	43,711

Estimated Intangible Amortization Expense

The estimated intangible amortization expense for the next five years is as follows:

Year Ending January 31,		Amortization Expense
		(In thousands)
2014		$	1,523
2015			1,523
2016			1,394
2017			1,350
2018			1,324

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