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Segment and Geographic Information (Tables) | 6 Months Ended
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Jul. 31, 2021
Segment Reporting [Abstract] |
Operating Segment Data | Operating Segment Data for the Three Months Ended July 31, 2021 and 2020 (in thousands):
|  | Net Sales |
|  | 2021 |  |  | 2020 |
Watch and Accessory Brands: |  |  |  |  |  |
Owned brands category |  | $ | 60,902 |  |  | $ | 31,622 |
Licensed brands category |  |  | 84,077 |  |  |  | 46,414 |
After-sales service and all other |  |  | 1,200 |  |  |  | 153 |
Total Watch and Accessory Brands |  |  | 146,179 |  |  |  | 78,189 |
Company Stores |  |  | 27,695 |  |  |  | 10,349 |
Consolidated total |  | $ | 173,874 |  |  | $ | 88,538 |
|  | Operating Income/(Loss) (3)(5) |
|  | 2021 |  |  | 2020 |
Watch and Accessory Brands |  | $ | 15,718 |  |  | $ | (9,945 | )
Company Stores |  |  | 8,915 |  |  |  | 1,029 |
Consolidated total |  | $ | 24,633 |  |  | $ | (8,916 | )
Operating Segment Data as of and for the Six Months Ended July 31, 2021 and 2020 (in thousands):
|  | Net Sales |
|  | 2021 |  |  | 2020 |
Watch and Accessory Brands: |  |  |  |  |  |
Owned brands category |  | $ | 109,273 |  |  | $ | 56,983 |
Licensed brands category |  |  | 151,703 |  |  |  | 82,098 |
After-sales service and all other |  |  | 1,482 |  |  |  | 2,394 |
Total Watch and Accessory Brands |  |  | 262,458 |  |  |  | 141,475 |
Company Stores |  |  | 46,214 |  |  |  | 16,729 |
Consolidated total |  | $ | 308,672 |  |  | $ | 158,204 |
|  | Operating Income/(Loss) (3)(4)(5) |
|  | 2021 |  |  | 2020 |
Watch and Accessory Brands |  | $ | 24,503 |  |  | $ | (189,566 | )
Company Stores |  |  | 13,386 |  |  |  | (1,513 | )
Consolidated total |  | $ | 37,889 |  |  | $ | (191,079 | )
|  | Total Assets |
|  | July 31, 2021 |  |  | January 31, 2021 |  |  | July 31, 2020 |
Watch and Accessory Brands |  | $ | 651,495 |  |  | $ | 659,681 |  |  | $ | 618,419 |
Company Stores |  |  | 59,403 |  |  |  | 59,576 |  |  |  | 61,270 |
Consolidated total |  | $ | 710,898 |  |  | $ | 719,257 |  |  | $ | 679,689 |
Geographic Segment Data | Geographic Location Data for the Three Months Ended July 31, 2021 and 2020 (in thousands):
|  | Net Sales |  |  | Operating Income/(Loss) (3)(5) |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
United States (1) |  | $ | 85,487 |  |  | $ | 34,766 |  |  | $ | 8,820 |  |  | $ | (14,319 | )
International (2) |  |  | 88,387 |  |  |  | 53,772 |  |  |  | 15,813 |  |  |  | 5,403 |
Consolidated total |  | $ | 173,874 |  |  | $ | 88,538 |  |  | $ | 24,633 |  |  | $ | (8,916 | )
United States and International net sales are net of intercompany sales of $90.7 million and $29.1 million for the three months ended July 31, 2021 and 2020, respectively. Geographic Location Data as of and for the Six Months Ended July 31, 2021 and 2020 (in thousands):
|  | Net Sales |  |  | Operating Income/(Loss) (3)(4)(5) |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
United States (1) |  | $ | 151,380 |  |  | $ | 63,300 |  |  | $ | 9,579 |  |  | $ | (134,309 | )
International (2) |  |  | 157,292 |  |  |  | 94,904 |  |  |  | 28,310 |  |  |  | (56,770 | )
Consolidated total |  | $ | 308,672 |  |  | $ | 158,204 |  |  | $ | 37,889 |  |  | $ | (191,079 | )
United States and International net sales are net of intercompany sales of $160.4 million and $71.9 million for the six months ended July 31, 2021 and 2020, respectively. (1) The United States operating income/(loss) included $13.0 million and $6.1 million of unallocated corporate expenses for the three months ended July 31, 2021 and 2020, respectively. The United States operating income/(loss) included $21.9 million and $12.1 million of unallocated corporate expenses for the six months ended July 31, 2021 and 2020, respectively. (2) The International operating income included $16.9 million and $11.2 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2021 and 2020, respectively. The International operating income/(loss) included $30.8 million and $22.3 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2021 and 2020, respectively. (3) For the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, in the United States locations of the Watch and Accessory Brands segment, operating income/(loss) included a charge of $0.1 million, $0.3 million, $0.2 million and $1.0 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 July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, operating income/(loss) included a charge of $0.7 million, $0.7 million, $1.4 and $1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand. (4) For the six months ended July 31, 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 six months ended July 31, 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 July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating (loss)/income included a charge of $6.6 million and $0.8 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. For the six months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $11.3 million and $3.3 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 |
|  | July 31, 2021 |  |  | January 31, 2021 |  |  | July 31, 2020 |
United States |  | $ | 350,187 |  |  | $ | 352,517 |  |  | $ | 313,411 |
International |  |  | 360,711 |  |  |  | 366,740 |  |  |  | 366,278 |
Consolidated total |  | $ | 710,898 |  |  | $ | 719,257 |  |  | $ | 679,689 |
|  | Property, Plant and Equipment, Net |
|  | July 31, 2021 |  |  | January 31, 2021 |  |  | July 31, 2020 |
United States |  | $ | 13,014 |  |  | $ | 14,792 |  |  | $ | 16,825 |
International |  |  | 6,642 |  |  |  | 7,557 |  |  |  | 9,063 |
Consolidated total |  | $ | 19,656 |  |  | $ | 22,349 |  |  | $ | 25,888 |

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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