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Karl Lagerfeld Acquisition (Tables) | 6 Months Ended
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Jul. 31, 2022
Business Combinations [Abstract] |
Schedule of total consideration paid for acquisition | The total consideration paid for the acquisition of KLH is as follows (in thousands): ​
​ | ​ | ​ | ​
Cash disbursed for the acquisition of KLH | ​ | $ | 168,592
Plus: cash acquired | ​ | ​ | 38,499
Plus: aggregate adjustments to purchase price | ​ | ​ | 9,729
Initial purchase price | ​ | ​ | 216,820
Plus: fair value of prior minority ownership | ​ | ​ | 102,858
Total consideration | ​ | $ | 319,678
Schedule of fair values of assets acquired and liabilities | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition: ​
​ | ​ | ​ | ​
(In thousands) | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 38,499
Accounts receivable, net | ​ | ​ | 28,146
Inventories | ​ | ​ | 32,308
Prepaid income taxes | ​ | ​ | 1,100
Prepaid expenses and other current assets | ​ | ​ | 3,347
Property, plant and equipment, net | ​ | ​ | 11,545
Operating lease assets | ​ | ​ | 52,983
Goodwill | ​ | ​ | 46,113
Trademarks | ​ | ​ | 178,823
Customer relationships | ​ | ​ | 4,401
Investments in unconsolidated affiliates | ​ | ​ | 1,381
Deferred income taxes | ​ | ​ | 9,183
Other long-term assets | ​ | ​ | 2,237
Total assets acquired | ​ | $ | 410,066
Notes payable | ​ | ​ | 3,606
Accounts payable | ​ | ​ | 8,057
Accrued expenses | ​ | ​ | 15,261
Operating lease liabilities | ​ | ​ | 56,132
Income taxes payable | ​ | ​ | 2,099
Other long-term liabilities | ​ | ​ | 5,233
Total liabilities assumed | ​ | $ | 90,388
Total fair value of acquisition consideration | ​ | $ | 319,678
Schedule of identifiable intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Weighted Average
​ | ​ | Fair Value | ​ | Amortization Period
Trademarks | ​ | $ | 178,823 | ​ | ​ | —
Customer relationships | ​ | ​ | 4,401 | ​ | ​ | 8
​ | ​ | $ | 183,224 | ​ | ​ | —
Schedule of pro forma consolidated results of operations |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended July 31, | ​ | Six Months Ended July 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2022 | ​ | 2021
​ | ​ | (unaudited, in thousands, except per share amounts)
Net sales | ​ | $ | 628,050 | ​ | $ | 518,258 | ​ | $ | 1,362,811 | ​ | $ | 1,073,929
Net income | ​ | ​ | 11,844 | ​ | ​ | 39,316 | ​ | ​ | 42,060 | ​ | ​ | 63,289
Earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | ​ | 0.25 | ​ | ​ | 0.81 | ​ | ​ | 0.88 | ​ | ​ | 1.31
Diluted | ​ | ​ | 0.24 | ​ | ​ | 0.79 | ​ | ​ | 0.86 | ​ | ​ | 1.28

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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