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SEGMENTS (Tables) | 3 Months Ended
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Apr. 30, 2022
Segments [Abstract] |
Schedule of information regarding reportable segments | Note 9 – 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 consists primarily 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. Substantially all DKNY and Karl Lagerfeld Paris stores are operated as outlet stores. ​ The following segment information is presented for the three-month periods indicated below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended April 30, 2022
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 680,904 | ​ | $ | 27,885 | ​ | $ | (20,032) | ​ | $ | 688,757
Cost of goods sold | ​ | ​ | 448,769 | ​ | ​ | 13,981 | ​ | ​ | (20,032) | ​ | ​ | 442,718
Gross profit | ​ | ​ | 232,135 | ​ | ​ | 13,904 | ​ | ​ | — | ​ | ​ | 246,039
Selling, general and administrative expenses | ​ | ​ | 161,808 | ​ | ​ | 23,599 | ​ | ​ | — | ​ | ​ | 185,407
Depreciation and amortization | ​ | ​ | 5,414 | ​ | ​ | 681 | ​ | ​ | — | ​ | ​ | 6,095
Operating profit (loss) | ​ | $ | 64,913 | ​ | $ | (10,376) | ​ | $ | — | ​ | $ | 54,537
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended April 30, 2021
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 511,514 | ​ | $ | 19,419 | ​ | $ | (11,023) | ​ | $ | 519,910
Cost of goods sold | ​ | ​ | 325,821 | ​ | ​ | 9,643 | ​ | ​ | (11,023) | ​ | ​ | 324,441
Gross profit | ​ | ​ | 185,693 | ​ | ​ | 9,776 | ​ | ​ | — | ​ | ​ | 195,469
Selling, general and administrative expenses | ​ | ​ | 125,334 | ​ | ​ | 16,269 | ​ | ​ | — | ​ | ​ | 141,603
Depreciation and amortization | ​ | ​ | 6,212 | ​ | ​ | 832 | ​ | ​ | — | ​ | ​ | 7,044
Operating profit (loss) | ​ | $ | 54,147 | ​ | $ | (7,325) | ​ | $ | — | ​ | $ | 46,822
​ (1)Represents intersegment sales to the Company’s retail operations segment. ​ The total net sales by licensed and proprietary product sales for each of the Company’s reportable segments are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Year Ended
​ |  | April 30, 2022 |  | April 30, 2021 |  | January 31, 2022
​ | ​ | (In thousands)
Licensed brands | ​ | $ | 459,984 | ​ | $ | 341,165 | ​ | $ | 1,820,491
Proprietary brands | ​ | ​ | 220,920 | ​ | ​ | 170,349 | ​ | ​ | 890,296
Wholesale net sales | ​ | $ | 680,904 | ​ | $ | 511,514 | ​ | $ | 2,710,787
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licensed brands | ​ | $ | 13,928 | ​ | $ | 6,534 | ​ | $ | 39,604
Proprietary brands | ​ | ​ | 13,957 | ​ | ​ | 12,885 | ​ | ​ | 78,052
Retail net sales | ​ | $ | 27,885 | ​ | $ | 19,419 | ​ | $ | 117,656
​
Schedule of total net sales for each reportable segments | The total net sales by licensed and proprietary product sales for each of the Company’s reportable segments are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Year Ended
​ |  | April 30, 2022 |  | April 30, 2021 |  | January 31, 2022
​ | ​ | (In thousands)
Licensed brands | ​ | $ | 459,984 | ​ | $ | 341,165 | ​ | $ | 1,820,491
Proprietary brands | ​ | ​ | 220,920 | ​ | ​ | 170,349 | ​ | ​ | 890,296
Wholesale net sales | ​ | $ | 680,904 | ​ | $ | 511,514 | ​ | $ | 2,710,787
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licensed brands | ​ | $ | 13,928 | ​ | $ | 6,534 | ​ | $ | 39,604
Proprietary brands | ​ | ​ | 13,957 | ​ | ​ | 12,885 | ​ | ​ | 78,052
Retail net sales | ​ | $ | 27,885 | ​ | $ | 19,419 | ​ | $ | 117,656

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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