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SEGMENTS
 12 Months Ended
Jan. 31, 2014
Segment Reporting [Abstract]  
SEGMENTS

NOTE K - SEGMENTS

 

The Company’s reportable segments are business units that offer products through different channels of distribution and are managed separately. The Company has three reportable segments; licensed products, non-licensed products and retail operations. The Vilebrequin business was added to the non-licensed products segment upon its acquisition in August 2012 and the G.H. Bass business was added to the retail operations segment upon its acquisition in November 2013. There is substantial intersegment cooperation, cost allocations and sharing of assets. As a result, the Company does not represent that these segments, if operated independently, would report the operating results set forth in the table below. The following information, in thousands, is presented for the fiscal years ended: 
 
    January 31, 2014  
    Licensed     Non-Licensed     Retail     Elimination(1)     Total  
Net sales   $ 1,145,182     $ 342,672     $ 298,008     $ (67,631 )   $ 1,718,231  
Cost of goods sold     820,023       229,727       150,479       (67,631 )     1,132,598  
Gross profit     325,159       112,945       147,529       -       585,633  
Selling, general and administrative     228,306       84,885       127,315       -       440,506  
Depreciation and amortization     2,433       7,581       3,662       -       13,676  
Operating profit   $ 94,420     $ 20,479     $ 16,552     $ -     $ 131,451  
    January 31, 2013  
    Licensed     Non-Licensed     Retail     Elimination(1)     Total  
Net sales   $ 981,845     $ 281,916     $ 196,150     $ (60,192 )   $ 1,399,719  
Cost of goods sold     702,288       203,624       102,362       (60,192 )     948,082  
Gross profit     279,557       78,292       93,788       -       451,637  
Selling, general and administrative     202,247       57,840       81,155       -       341,242  
Depreciation and amortization     2,164       5,060       2,683       -       9,907  
Operating profit   $ 75,146     $ 15,392     $ 9,950     $ -     $ 100,488  
    January 31, 2012  
    Licensed     Non-Licensed     Retail     Elimination(1)     Total  
Net sales   $ 840,717     $ 277,615     $ 164,343     $ (51,474 )   $ 1,231,201  
Cost of goods sold     617,716       205,504       88,739       (51,474 )     860,485  
Gross profit     223,001       72,111       75,604       -       370,716  
Selling, general and administrative     164,070       42,295       70,654       -       277,019  
Depreciation and amortization     1,360       4,126       1,987       -       7,473  
Operating profit   $ 57,571     $ 25,690     $ 2,963     $ -     $ 86,224  

 

 

 

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

 

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 is consistent on a year-to-year basis.

 

The total assets for each of the Company’s reportable segments are as follow:

 

    January 31,  
    2014     2013  
    (In thousands)  
Licensed   $ 361,634     $ 351,338  
Non-Licensed     225,163       224,301  
Retail     129,895       53,404  
Corporate     114,205       88,729  
Total Assets   $ 830,897     $ 717,772  

 

    2014     2013     2012  
          Long-Lived           Long-Lived           Long-Lived  
Geographic Region          Revenues     Assets     Revenues     Assets     Revenues     Assets  
    (In thousands)  
United States   $ 1,528,473     $ 106,638     $ 1,333,885     $ 81,606     $ 1,185,800     $ 80,817  
Non-United States     189,758       138,069       65,834       119,582       45,401       508  
    $ 1,718,231     $ 244,707     $ 1,399,719     $ 201,188     $ 1,231,201     $ 81,325  

 

Capital expenditures for locations outside of the United States were not significant in each of the fiscal years ended January 31, 2014, 2013 and 2012.