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Revenue Recognition (Tables)

6 Months Ended

Jul. 31, 2018

Revenue Recognition [Abstract]

Schedule of impact of adopting ASC 606 on Condensed Consolidated Balance Sheet

		July 31, 2018 (In thousands)
		As Reported				Without Adoption of ASC  606				Impact of Adoption of ASC  606
Assets
Accounts receivable, net		$	447,576			$	304,369			$	143,207
Inventories			678,571				714,793				(36,222	)
Prepaid expenses and other current assets			100,688				68,422				32,266
Deferred income tax assets, net			28,360				11,816				16,544
Liabilities
Accrued expenses			95,464				94,018				1,446
Customer refund liabilities			204,360				-				204,360
Equity
Retained earnings			640,774				690,786				(50,012	)

Schedule of impact of adopting ASC 606 on Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)

	For the three months ended July 31, 2018  (In thousands, except per share amounts)
		As Reported				Without Adoption of ASC  606				Impact of Adoption of ASC  606
Net sales		$	624,698			$	621,455			$	3,243
Cost of goods sold			393,154				391,964				1,190
Selling general and administrative expenses			198,860				203,963				(5,103	)
Operating profit			23,229				16,073				7,156
Income tax expense			2,914				1,204				1,710
Net income			10,077				4,631				5,446
Net income per common share
Basic			0.20				0.09				0.11
Diluted			0.20				0.09				0.11

		For the six months ended July 31, 2018 (In thousands, except per share amounts)
		As Reported				Without Adoption of ASC  606				Impact of Adoption of ASC  606
Net sales		$	1,236,441			$	1,240,796			$	(4,355	)
Cost of goods sold			770,370				768,127				2,243
Selling general and administrative expenses			400,931				412,686				(11,755	)
Operating profit			46,305				41,148				5,157
Income tax expense			6,034				4,593				1,441
Net income			19,962				16,246				3,716
Net income per common share
Basic			0.41				0.33				0.08
Diluted			0.40				0.32				0.08

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- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

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No definition available.

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