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v3.22.2.2

SEGMENTS (Tables) | 6 Months Ended
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Jul. 31, 2022
Segments [Abstract] |
Schedule of information regarding reportable segments | 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.
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 | ​ | 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
Schedule of total net sales and long-lived assets by geographic region | 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 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 information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + 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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