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SEGMENTS | 6 Months Ended
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Jul. 31, 2022
Segments [Abstract] |
SEGMENTS | Note 11 – 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 and Karl Lagerfeld businesses, other than sales of the Karl Lagerfeld Paris brand from retail stores and digital outlets. Wholesale revenues also include revenues from license agreements related to our owned trademarks including DKNY, Donna Karan, Vilebrequin, Karl Lagerfeld, 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 July 31, 2022
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 587,955 | ​ | $ | 31,112 | ​ | $ | (13,823) | ​ | $ | 605,244
Cost of goods sold | ​ | ​ | 375,090 | ​ | ​ | 15,051 | ​ | ​ | (13,823) | ​ | ​ | 376,318
Gross profit | ​ | ​ | 212,865 | ​ | ​ | 16,061 | ​ | ​ | — | ​ | ​ | 228,926
Selling, general and administrative expenses | ​ | ​ | 169,677 | ​ | ​ | 21,364 | ​ | ​ | — | ​ | ​ | 191,041
Depreciation and amortization | ​ | ​ | 5,666 | ​ | ​ | 990 | ​ | ​ | — | ​ | ​ | 6,656
Gain on lease terminations | ​ | ​ | — | ​ | ​ | (29) | ​ | ​ | — | ​ | ​ | (29)
Operating profit (loss) | ​ | $ | 37,522 | ​ | $ | (6,264) | ​ | $ | — | ​ | $ | 31,258
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended July 31, 2022
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 1,268,859 | ​ | $ | 58,997 | ​ | $ | (33,855) | ​ | $ | 1,294,001
Cost of goods sold | ​ | ​ | 823,860 | ​ | ​ | 29,031 | ​ | ​ | (33,855) | ​ | ​ | 819,036
Gross profit | ​ | ​ | 444,999 | ​ | ​ | 29,966 | ​ | ​ | — | ​ | ​ | 474,965
Selling, general and administrative expenses | ​ | ​ | 331,495 | ​ | ​ | 44,963 | ​ | ​ | — | ​ | ​ | 376,458
Depreciation and amortization | ​ | ​ | 11,080 | ​ | ​ | 1,671 | ​ | ​ | — | ​ | ​ | 12,751
Gain on lease terminations | ​ | ​ | — | ​ | ​ | (38) | ​ | ​ | — | ​ | ​ | (38)
Operating profit (loss) | ​ | $ | 102,424 | ​ | $ | (16,630) | ​ | $ | — | ​ | $ | 85,794
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
Operating profit (loss) | ​ | $ | 97,476 | ​ | $ | (11,714) | ​ | $ | — | ​ | $ | 85,762
​ (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 | ​ | Six Months Ended
​ |  | July 31, 2022 |  | July 31, 2021 |  | July 31, 2022 |  | July 31, 2021
​ | ​ | (In thousands)
Licensed brands | ​ | $ | 317,081 | ​ | $ | 311,263 | ​ | $ | 733,732 | ​ | $ | 652,428
Proprietary brands | ​ | ​ | 270,874 | ​ | ​ | 155,750 | ​ | ​ | 535,127 | ​ | ​ | 326,099
Wholesale net sales | ​ | $ | 587,955 | ​ | $ | 467,013 | ​ | $ | 1,268,859 | ​ | $ | 978,527
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licensed brands | ​ | $ | — | ​ | $ | 8,646 | ​ | $ | — | ​ | $ | 15,180
Proprietary brands | ​ | ​ | 31,112 | ​ | ​ | 18,639 | ​ | ​ | 58,997 | ​ | ​ | 31,524
Retail net sales | ​ | $ | 31,112 | ​ | $ | 27,285 | ​ | $ | 58,997 | ​ | $ | 46,704
​ The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | July 31, 2022 |  | July 31, 2021 |  | January 31, 2022
​ | ​ | (In thousands)
Wholesale | ​ | $ | 2,410,042 | ​ | $ | 1,483,087 | ​ | $ | 2,073,834
Retail | ​ | ​ | 118,923 | ​ | ​ | 86,577 | ​ | ​ | 111,517
Corporate | ​ | ​ | 553,389 | ​ | ​ | 983,922 | ​ | ​ | 557,177
Total assets | ​ | $ | 3,082,354 | ​ | $ | 2,553,586 | ​ | $ | 2,742,528
​

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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://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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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
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