XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.21.2

Segments | 6 Months Ended
--- | ---
Jul. 31, 2021
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, which, prior to the completion of the retail restructuring in fiscal 2021, consisted primarily of Wilsons Leather, G.H. Bass, DKNY and Karl Lagerfeld Paris stores, substantially all of which were operated as outlet stores. Sales through Company-owned channels, with the exception of Vilebrequin, are also included in the retail operations segment. As a result of the restructuring of the Company’s retail operations, the Company closed its Wilsons Leather, G.H. Bass and Calvin Klein Performance retail stores during fiscal 2021. After completion of the restructuring, the Company’s retail operations segment consists of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass, Andrew Marc and Wilsons Leather. ​ The following segment information is presented for the three-month periods indicated below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended July 31, 2021
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 467,013 | ​ | $ | 27,285 | ​ | $ | (11,217) | ​ | $ | 483,081
Cost of goods sold | ​ | ​ | 288,306 | ​ | ​ | 13,114 | ​ | ​ | (11,217) | ​ | ​ | 290,203
Gross profit | ​ | ​ | 178,707 | ​ | ​ | 14,171 | ​ | ​ | — | ​ | ​ | 192,878
Selling, general and administrative expenses | ​ | ​ | 129,291 | ​ | ​ | 17,549 | ​ | ​ | — | ​ | ​ | 146,840
Depreciation and amortization | ​ | ​ | 6,086 | ​ | ​ | 1,012 | ​ | ​ | — | ​ | ​ | 7,098
Operating profit (loss) | ​ | $ | 43,330 | ​ | $ | (4,390) | ​ | $ | — | ​ | $ | 38,940
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended July 31, 2020
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 266,809 | ​ | $ | 34,507 | ​ | $ | (4,104) | ​ | $ | 297,212
Cost of goods sold | ​ | ​ | 143,340 | ​ | ​ | 23,283 | ​ | ​ | (4,104) | ​ | ​ | 162,519
Gross profit | ​ | ​ | 123,469 | ​ | ​ | 11,224 | ​ | ​ | — | ​ | ​ | 134,693
Selling, general and administrative expenses | ​ | ​ | 76,727 | ​ | ​ | 45,375 | ​ | ​ | — | ​ | ​ | 122,102
Depreciation and amortization | ​ | ​ | 8,392 | ​ | ​ | 1,299 | ​ | ​ | — | ​ | ​ | 9,691
(Gain) loss on lease modifications | ​ | ​ | 612 | ​ | ​ | 13,690 | ​ | ​ | — | ​ | ​ | 14,302
Operating loss | ​ | $ | 37,738 | ​ | $ | (49,140) | ​ | $ | — | ​ | $ | (11,402)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended July 31, 2021
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 978,527 | ​ | $ | 46,704 | ​ | $ | (22,240) | ​ | $ | 1,002,991
Cost of goods sold | ​ | ​ | 614,127 | ​ | ​ | 22,757 | ​ | ​ | (22,240) | ​ | ​ | 614,644
Gross profit | ​ | ​ | 364,400 | ​ | ​ | 23,947 | ​ | ​ | — | ​ | ​ | 388,347
Selling, general and administrative expenses | ​ | ​ | 254,625 | ​ | ​ | 33,818 | ​ | ​ | — | ​ | ​ | 288,443
Depreciation and amortization | ​ | ​ | 12,299 | ​ | ​ | 1,843 | ​ | ​ | — | ​ | ​ | 14,142
Asset impairments, net of gain on lease modifications | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Operating profit (loss) | ​ | $ | 97,476 | ​ | $ | (11,714) | ​ | $ | — | ​ | $ | 85,762
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended July 31, 2020
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 645,681 | ​ | $ | 68,415 | ​ | $ | (11,753) | ​ | $ | 702,343
Cost of goods sold | ​ | ​ | 409,981 | ​ | ​ | 45,021 | ​ | ​ | (11,753) | ​ | ​ | 443,249
Gross profit | ​ | ​ | 235,700 | ​ | ​ | 23,394 | ​ | ​ | — | ​ | ​ | 259,094
Selling, general and administrative expenses | ​ | ​ | 189,327 | ​ | ​ | 87,395 | ​ | ​ | — | ​ | ​ | 276,722
Depreciation and amortization | ​ | ​ | 16,683 | ​ | ​ | 2,875 | ​ | ​ | — | ​ | ​ | 19,558
Gain on lease modifications | ​ | ​ | 608 | ​ | ​ | 16,881 | ​ | ​ | — | ​ | ​ | 17,489
Operating profit (loss) | ​ | $ | 29,082 | ​ | $ | (83,757) | ​ | $ | — | ​ | $ | (54,675)
​ (1)Represents intersegment sales to the Company’s retail operations segment.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration