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Acquisition of rag & bone (Tables) | 6 Months Ended
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Aug. 03, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Purchase Price Allocation | The purchase price consideration was allocated to assets acquired and liabilities assumed based on their respective fair values as follows (in thousands):
| Apr 2, 2024
Cash and cash equivalents | $ | 2,083 |
Accounts receivable | 23,582 |
Inventory | 52,105 |
Other current assets | 10,900 |
Total current assets | 88,670 |
Property and equipment | 12,605 |
Operating lease right-of-use assets | 38,821 |
Other assets | 61,840 |
Total assets acquired | $ | 201,936 |
Accounts payable | $ | 23,752 |
Accrued expenses | 11,923 |
Current portion of operating lease liabilities | 16,588 |
Total current liabilities | 52,263 |
Long-term operating lease liabilities | 44,496 |
Total liabilities assumed | $ | 96,759 |
Fair value of net assets acquired | $ | 105,177 |
Cash | $ | 57,064 |
Earnout consideration | 2,040 |
Vendor consideration | 46,073 |
Fair value of acquisition consideration | $ | 105,177 |
Schedule of Pro Forma Financial Information | The following financial information presents the Company’s consolidated net revenues and net loss attributable to Guess?, Inc. as if the acquisition had occurred on January 29, 2023 (in thousands):
| Three Months Ended |  | Six Months Ended
| Aug 3, 2024 |  | Jul 29, 2023 |  | Aug 3, 2024 |  | Jul 29, 2023
Pro-forma net revenue | $ | 732,560 |  |  | $ | 724,824 |  |  | $ | 1,357,745 |  |  | $ | 1,349,565 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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