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Segments | 3 Months Ended
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Apr. 30, 2020
Segments [Abstract] |
SEGMENTS | Note 10 – Segments ​ The Company’s reportable segments are business units that offer products through different channels of distribution. The Company has two reportable segments: wholesale operations and retail operations. The wholesale operations segment includes sales of products under the Company’s owned, licensed and private label brands, as well as sales related to the Vilebrequin business. Wholesale revenues also include revenues from license agreements related to our owned trademarks including DKNY, Donna Karan, Vilebrequin, G.H. Bass and Andrew Marc. The retail operations segment consists primarily of direct sales to consumers through Company-operated stores, consisting primarily of Wilsons Leather, G.H. Bass and DKNY stores, substantially all of which are operated as outlet stores. Sales through Company-owned websites, with the exception of Vilebrequin, are also included in the retail operations segment. ​ The following segment information is presented for the three-month periods indicated below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended April 30, 2020
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 378,871 | ​ | $ | 33,908 | ​ | $ | (7,648) | ​ | $ | 405,131
Cost of goods sold | ​ | ​ | 266,639 | ​ | ​ | 21,739 | ​ | ​ | (7,648) | ​ | ​ | 280,730
Gross profit | ​ | ​ | 112,232 | ​ | ​ | 12,169 | ​ | ​ | — | ​ | ​ | 124,401
Selling, general and administrative expenses | ​ | ​ | 112,600 | ​ | ​ | 42,020 | ​ | ​ | — | ​ | ​ | 154,620
Depreciation and amortization | ​ | ​ | 8,292 | ​ | ​ | 1,575 | ​ | ​ | — | ​ | ​ | 9,867
(Gain) loss on lease terminations | ​ | ​ | (5) | ​ | ​ | 3,192 | ​ | ​ | — | ​ | ​ | 3,187
Operating profit (loss) | ​ | $ | (8,655) | ​ | $ | (34,618) | ​ | $ | — | ​ | $ | (43,273)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended April 30, 2019
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 570,639 | ​ | $ | 81,904 | ​ | $ | (18,991) | ​ | $ | 633,552
Cost of goods sold | ​ | ​ | 371,580 | ​ | ​ | 44,899 | ​ | ​ | (18,991) | ​ | ​ | 397,488
Gross profit | ​ | ​ | 199,059 | ​ | ​ | 37,005 | ​ | ​ | — | ​ | ​ | 236,064
Selling, general and administrative expenses | ​ | ​ | 147,258 | ​ | ​ | 54,601 | ​ | ​ | — | ​ | ​ | 201,859
Depreciation and amortization | ​ | ​ | 7,522 | ​ | ​ | 1,951 | ​ | ​ | — | ​ | ​ | 9,473
Gain on lease terminations | ​ | ​ | — | ​ | ​ | (829) | ​ | ​ | — | ​ | ​ | (829)
Operating profit (loss) | ​ | $ | 44,279 | ​ | $ | (18,718) | ​ | $ | — | ​ | $ | 25,561
​ (1)Represents intersegment sales to the Company’s retail operations segment. ​ ​ The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | April 30, 2020 |  | April 30, 2019 |  | January 31, 2020
​ | ​ | (In thousands)
Wholesale | ​ | $ | 1,754,052 | ​ | $ | 1,813,238 | ​ | $ | 1,912,175
Retail | ​ | ​ | 232,626 | ​ | ​ | 376,619 | ​ | ​ | 272,832
Corporate | ​ | ​ | 812,283 | ​ | ​ | 256,687 | ​ | ​ | 380,130
Total assets | ​ | $ | 2,798,961 | ​ | $ | 2,446,544 | ​ | $ | 2,565,137
​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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