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Segment and Geographic Information (Tables)

3 Months Ended

Apr. 30, 2020

Segment Reporting [Abstract]

Operating Segment Data

Operating Segment Data as of and for the Three Months Ended April 30, 2020 and 2019 (in thousands):

		Net Sales
		2020				2019
Watch and Accessory Brands:
Owned brands category		$	25,361			$	51,919
Licensed brands category			35,684				72,795
After-sales service and all other			2,241				6,781
Total Watch and Accessory Brands			63,286				131,495
Company Stores			6,380				15,054
Consolidated total		$	69,666			$	146,549

		Operating (Loss)/Income (3)(4)(5)
		2020				2019
Watch and Accessory Brands		$	(179,621	)		$	3,095
Company Stores			(2,542	)			1,879
Consolidated total		$	(182,163	)		$	4,974

		Total Assets (1)
		April 30, 2020				January 31, 2020				April 30, 2019
Watch and Accessory Brands		$	634,135			$	782,339			$	766,571
Company Stores			63,778				64,969				62,090
Consolidated total		$	697,913			$	847,308			$	828,661

(1) The decrease in total assets of the Watch and Accessory Brands segment at April 30, 2020 from January 31, 2020 is due primarily to the impairment charges related to goodwill of $133.7 million and $22.2 million related to intangible assets.      

Geographic Segment Data

Geographic Location Data as of and for the Three Months Ended April 30, 2020 and 2019 (in thousands):

		Net Sales								Operating (Loss)/Income (3)(4)(5)
		2020				2019				2020				2019
United States (1)		$	28,534			$	59,494			$	(119,990	)		$	(8,952	)
International (2)			41,132				87,055				(62,173	)			13,926
Consolidated total		$	69,666			$	146,549			$	(182,163	)		$	4,974

United States and International net sales are net of intercompany sales of $42.8 million and $77.9 million for the three months ended April 30, 2020 and 2019, respectively.

(1) The United States operating loss included $6.0 million and $9.0 million of unallocated corporate expenses for the three months ended April 30, 2020 and 2019, respectively.

(2) The International operating income included $11.1 million and $13.0 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended April 30, 2020 and 2019, respectively.

(3) For the three months ended April 30, 2020 and 2019, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $0.7 million and $1.5 million, respectively, related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment, for the three months ended April 30, 2020 and 2019, operating loss included $0.7 million and $0.7 million, respectively, of expenses primarily related to the amortization of acquired intangible assets, as a result of the Company’s acquisition of the Olivia Burton brand.  

(4) For the three months ended April 30, 2020, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $99.7 million, related to the impairment of goodwill and intangible assets associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment, for the three months ended April 30, 2020, operating loss included a charge of $56.2 million related to the impairment of goodwill associated with the Olivia Burton brand and City Time Joint Venture.

(5) For the three months ended April 30, 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $4.7 million and $2.5 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic.

		Total Assets (1)
		April 30, 2020				January 31, 2020				April 30, 2019
United States		$	303,428			$	425,018			$	384,816
International			394,485				422,290				443,845
Consolidated total		$	697,913			$	847,308			$	828,661

(1) The decrease in the United States total assets at April 30, 2020 from January 31, 2020 is primarily due to the impairment charges related to goodwill of $77.5 million and $22.2 million related to intangible assets. The decrease in the International total assets at April 30, 2020 from January 31, 2020 is primarily due to the impairment charge related to goodwill of $56.2 million.          

		Property, Plant and Equipment, Net
		April 30, 2020				January 31, 2020				April 30, 2019
United States		$	17,639			$	18,852			$	16,980
International			9,295				10,386				9,085
Consolidated total		$	26,934			$	29,238			$	26,065

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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