XML 18 R8.htm IDEA: XBRL DOCUMENT
v3.23.1

ALLOWANCE FOR DOUBTFUL ACCOUNTS | 3 Months Ended
--- | ---
Apr. 30, 2023
ALLOWANCE FOR DOUBTFUL ACCOUNTS |
ALLOWANCE FOR DOUBTFUL ACCOUNTS | NOTE 2 – ALLOWANCE FOR DOUBTFUL ACCOUNTS ​ The Company’s financial instruments consist of trade receivables arising from revenue transactions in the ordinary course of business. The Company considers its trade receivables to consist of two portfolio segments: wholesale and retail trade receivables. Wholesale trade receivables result from credit the Company has extended to its wholesale customers based on pre-defined criteria and are generally due within 30 to 60 days. Retail trade receivables primarily relate to amounts due from third-party credit card processors for the settlement of debit and credit card transactions and are typically collected within 3 to 5 days. ​ The Company’s accounts receivable and allowance for doubtful accounts as of April 30, 2023, April 30, 2022 and January 31, 2023 were: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | April 30, 2023
​ |  | Wholesale |  | Retail |  | Total
​ | ​ | (In thousands)
Accounts receivable, gross | ​ | $ | 512,315 | ​ | $ | 1,118 | ​ | $ | 513,433
Allowance for doubtful accounts | ​ | ​ | (18,769) | ​ | ​ | (63) | ​ | ​ | (18,832)
Accounts receivable, net | ​ | $ | 493,546 | ​ | $ | 1,055 | ​ | $ | 494,601
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | April 30, 2022
​ | ​ | Wholesale |  | Retail |  | Total
​ | ​ | (In thousands)
Accounts receivable, gross | ​ | $ | 589,233 | ​ | $ | 1,319 | ​ | $ | 590,552
Allowance for doubtful accounts | ​ | ​ | (16,858) | ​ | ​ | (81) | ​ | ​ | (16,939)
Accounts receivable, net | ​ | $ | 572,375 | ​ | $ | 1,238 | ​ | $ | 573,613
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 31, 2023
​ | ​ | Wholesale |  | Retail |  | Total
​ | ​ | (In thousands)
Accounts receivable, gross | ​ | $ | 692,033 | ​ | $ | 1,227 | ​ | $ | 693,260
Allowance for doubtful accounts | ​ | ​ | (18,237) | ​ | ​ | (60) | ​ | ​ | (18,297)
Accounts receivable, net | ​ | $ | 673,796 | ​ | $ | 1,167 | ​ | $ | 674,963
​ The allowance for doubtful accounts for wholesale trade receivables is estimated based on several factors. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations (such as in the case of bankruptcy filings (including potential bankruptcy filings), extensive delay in payment or substantial downgrading by credit rating agencies), a specific reserve for bad debt is recorded against amounts due from that customer to reduce the net recognized receivable to the amount reasonably expected to be collected. For all other wholesale customers, an allowance for doubtful accounts is determined through analysis of the aging of accounts receivable at the end of the reporting period for financial statements, assessments of collectability based on historical trends and an evaluation of the impact of economic conditions. The Company considers both current and forecasted future economic conditions in determining the adequacy of its allowance for doubtful accounts. ​ The allowance for doubtful accounts for retail trade receivables is estimated at the credit card chargeback rate applied to the previous 90 days of credit card sales. In addition, the Company considers both current and forecasted future economic conditions in determining the adequacy of its allowance for doubtful accounts. ​ The Company had the following activity in its allowance for credit losses: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Wholesale |  | Retail |  | Total
​ | ​ | (In thousands)
Balance as of January 31, 2023 | ​ | $ | (18,237) | ​ | $ | (60) | ​ | $ | (18,297)
Provision for credit losses, net | ​ | ​ | (532) | ​ | ​ | (3) | ​ | ​ | (535)
Accounts written off as uncollectible | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Balance as of April 30, 2023 | ​ | $ | (18,769) | ​ | $ | (63) | ​ | $ | (18,832)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of January 31, 2022 | ​ | $ | (17,307) | ​ | $ | (84) | ​ | $ | (17,391)
Provision for credit losses, net | ​ | ​ | 411 | ​ | ​ | 3 | ​ | ​ | 414
Accounts written off as uncollectible | ​ | ​ | 38 | ​ | ​ | — | ​ | ​ | 38
Balance as of April 30, 2022 | ​ | $ | (16,858) | ​ | $ | (81) | ​ | $ | (16,939)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of January 31, 2022 | ​ | $ | (17,307) | ​ | $ | (84) | ​ | $ | (17,391)
Provision for credit losses, net | ​ | ​ | (1,002) | ​ | ​ | 24 | ​ | ​ | (978)
Accounts written off as uncollectible | ​ | ​ | 72 | ​ | ​ | — | ​ | ​ | 72
Balance as of January 31, 2023 | ​ | $ | (18,237) | ​ | $ | (60) | ​ | $ | (18,297)
​

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI https://asc.fasb.org/topic&trid=2196771 + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration