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KARL LAGERFELD ACQUISITION (Tables) | 3 Months Ended
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Apr. 30, 2023
KARL LAGERFELD ACQUISITION [Abstract] |
Schedule of total consideration paid for acquisition | The initial purchase price and the valuation of the prior minority ownership 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 | ​ | ​ | 516
Initial purchase price | ​ | ​ | 207,607
Plus: fair value of prior minority ownership | ​ | ​ | 102,858
Total consideration | ​ | $ | 310,465
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 | ​ | ​ | 28,449
Inventories | ​ | ​ | 33,489
Prepaid income taxes | ​ | ​ | 1,100
Prepaid expenses and other current assets | ​ | ​ | 3,347
Property, plant and equipment, net | ​ | ​ | 11,545
Operating lease assets | ​ | ​ | 55,753
Goodwill | ​ | ​ | 84,336
Trademarks | ​ | ​ | 178,823
Customer relationships | ​ | ​ | 4,294
Deferred income taxes | ​ | ​ | 5,131
Other long-term assets | ​ | ​ | 2,237
Total assets acquired | ​ | $ | 447,003
Notes payable | ​ | ​ | 3,606
Accounts payable | ​ | ​ | 9,175
Accrued expenses | ​ | ​ | 15,261
Operating lease liabilities | ​ | ​ | 58,942
Income taxes payable | ​ | ​ | 2,099
Deferred income taxes | ​ | ​ | 42,222
Other long-term liabilities | ​ | ​ | 5,233
Total liabilities assumed | ​ | $ | 136,538
Total fair value of acquisition consideration | ​ | $ | 310,465
Schedule of identifiable intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Weighted Average
​ | ​ | Fair Value | ​ | Amortization Period
Trademarks | ​ | $ | 178,823 | ​ | ​ | —
Customer relationships | ​ | ​ | 4,294 | ​ | ​ | 8
​ | ​ | $ | 183,117 | ​ | ​ | —

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + 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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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