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Intangible Assets | 6 Months Ended
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Jul. 31, 2022
Intangible Assets [Abstract] |
Intangible Assets | Note 7 – Intangible Assets ​ Intangible assets consist of: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
July 31, 2022 |  | Estimated Life |  | Gross Carrying Amount |  | Accumulated Amortization | ​ | Net Carrying Amount
​ | ​ | ​ | ​ | (In thousands)
Finite-lived intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licenses | ​ | 14 years | ​ | $ | 18,802 | ​ | $ | (16,978) | ​ | $ | 1,824
Trademarks | ​ | 8-12 years | ​ | ​ | 2,194 | ​ | ​ | (2,194) | ​ | ​ | —
Customer relationships | ​ | 15-17 years | ​ | ​ | 52,341 | ​ | ​ | (21,354) | ​ | ​ | 30,987
Other | ​ | 5-10 years | ​ | ​ | 7,080 | ​ | ​ | (4,464) | ​ | ​ | 2,616
Total finite-lived intangible assets | ​ | ​ | ​ | $ | 80,417 | ​ | $ | (44,990) | ​ | $ | 35,427
Indefinite-lived intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 304,930
Trademarks | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 622,182
Total indefinite-lived intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 927,112
Total intangible assets, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 962,539
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
July 31, 2021 |  | Estimated Life |  | Gross Carrying Amount |  | Accumulated Amortization | ​ | Net Carrying Amount
​ | ​ | ​ | ​ | (In thousands)
Finite-lived intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licenses | ​ | 14 years | ​ | $ | 19,653 | ​ | $ | (17,074) | ​ | $ | 2,579
Trademarks | ​ | 8-12 years | ​ | ​ | 2,194 | ​ | ​ | (2,194) | ​ | ​ | —
Customer relationships | ​ | 15-17 years | ​ | ​ | 48,351 | ​ | ​ | (19,049) | ​ | ​ | 29,302
Other | ​ | 5-10 years | ​ | ​ | 8,598 | ​ | ​ | (7,343) | ​ | ​ | 1,255
Total finite-lived intangible assets | ​ | ​ | ​ | $ | 78,796 | ​ | $ | (45,660) | ​ | $ | 33,136
Indefinite-lived intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 262,372
Trademarks | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 441,788
Total indefinite-lived intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 704,160
Total intangible assets, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 737,296
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
January 31, 2022 |  | Estimated Life |  | Gross Carrying Amount |  | Accumulated Amortization | ​ | Net Carrying Amount
​ | ​ | ​ | ​ | (In thousands)
Finite-lived intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licenses | ​ | 14 years | ​ | $ | 19,334 | ​ | $ | (17,113) | ​ | $ | 2,221
Trademarks | ​ | 8-12 years | ​ | ​ | 2,194 | ​ | ​ | (2,194) | ​ | ​ | —
Customer relationships | ​ | 15-17 years | ​ | ​ | 48,240 | ​ | ​ | (20,224) | ​ | ​ | 28,016
Other | ​ | 5-10 years | ​ | ​ | 8,534 | ​ | ​ | (7,410) | ​ | ​ | 1,124
Total finite-lived intangible assets | ​ | ​ | ​ | $ | 78,302 | ​ | $ | (46,941) | ​ | $ | 31,361
Indefinite-lived intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 262,527
Trademarks | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 453,329
Total indefinite-lived intangible assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 715,856
Total intangible assets, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 747,217
​ Amortization expense ​ Amortization expense with respect to finite-lived intangibles amounted to $0.9 million and $1.8 million for the three and six months ended July 31, 2022, respectively. Amortization expense with respect to finite-lived intangibles amounted to $1.0 million and $1.9 million for the three and six months ended July 31, 2021, respectively. Amortization expense with respect to finite-lived intangibles amounted to $3.7 million for the year ended January 31, 2022. ​ The estimated amortization expense with respect to intangibles for the next five years is as follows: ​
​ | ​ | ​ | ​
Year Ending January 31, |  | Amortization Expense
​ | ​ | (In thousands)
2023 | ​ | $ | 2,076
2024 | ​ | ​ | 3,976
2025 | ​ | ​ | 3,927
2026 | ​ | ​ | 3,828
2027 | ​ | ​ | 3,556
​ Intangible assets with finite lives are amortized over their estimated useful lives and measured for impairment when events or circumstances indicate that the carrying value may be impaired. ​ Change in Goodwill ​ Changes in the amounts of goodwill for the six months ended July 31, 2022 and the year ended January 31, 2022 are summarized by reportable segment as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Wholesale |  | Retail |  | Total
January 31, 2021 | ​ | $ | 263,135 | ​ | ​ | — | ​ | $ | 263,135
Acquisition of Sonia Rykiel | ​ | ​ | 1,518 | ​ | ​ | — | ​ | ​ | 1,518
Currency translation | ​ | ​ | (2,126) | ​ | ​ | — | ​ | ​ | (2,126)
January 31, 2022 | ​ | ​ | 262,527 | ​ | ​ | — | ​ | ​ | 262,527
Acquisition of Karl Lagerfeld | ​ | ​ | 46,113 | ​ | ​ | — | ​ | ​ | 46,113
Currency translation | ​ | ​ | (3,710) | ​ | ​ | — | ​ | ​ | (3,710)
July 31, 2022 | ​ | $ | 304,930 | ​ | $ | — | ​ | $ | 304,930
​ Impairment ​ Goodwill represents the excess of the purchase price and related costs over the value assigned to net tangible and identifiable intangible assets of businesses acquired and accounted for under the purchase method. The Company reviews and tests its goodwill and intangible assets with indefinite lives for impairment at least annually, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may be impaired. The Company performs its goodwill test as of January 31 of each year using a qualitative evaluation or a quantitative test using an income approach through a discounted cash flow analysis methodology. The discounted cash flow approach requires that certain assumptions and estimates be made regarding industry economic factors and future profitability. The Company also performs its annual test for intangible assets with indefinite lives as of January 31 of each year using a qualitative evaluation or a quantitative test using a relief from royalty method, another form of the income approach. The relief from royalty method requires assumptions regarding industry economic factors and future profitability. ​ The Company performed its annual tests of its wholesale reporting unit and its indefinite-lived trademarks as of January 31, 2022 and determined that no impairment existed at that date. The result of the Company’s annual test determined that the estimated fair value of its wholesale reporting unit and its indefinite-lived trademarks were substantially in excess of their carrying values. ​ The Company’s indefinite-lived trademark balance is primarily composed of the Donna Karan/DKNY trademark that was acquired in fiscal 2017 and the Karl Lagerfeld trademark that was acquired in fiscal 2023. ​ The fair value of the Company’s goodwill and indefinite-lived intangible assets are considered a Level 3 valuation in the fair value hierarchy.

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