Restructuring Provision (Tables)

6 Months Ended

Jul. 31, 2020

Restructuring Charges [Abstract]

Summary of Rollforward of Provision Related Corporate Initiatives, Including Provision Associated with Restructuring Plan

A summary rollforward of the provision related to the Company’s corporate initiatives, including the provision associated with the Restructuring Plan, is as follows for the three months ended July 31, 2020 (in thousands):

	Balance April 30, 2020		Provision		Non-Cash Use			Cash Payments			Balance July 31, 2020
Restructuring Plan:
Severance and Employee Related	$	—	$	6,966	$	—		$	(1,160	)	$	5,806
Other		—		402		(198	)		(115	)		89
Corporate Initiative:
Severance and Employee Related		936		—		—			(395	)		541
Inventory		3,507		—		(47	)		—			3,460
Accounts receivable		1,075		—		—			—			1,075
Other		1,722		—		(1,518	)		(167	)		37
Total	$	7,240	$	7,368	$	(1,763	)	$	(1,837	)	$	11,008

A summary rollforward of the provision related to the Company’s corporate initiatives, including the provision associated with the Restructuring Plan, is as follows for the six months ended July 31, 2020 (in thousands):

	Balance January 31, 2020		Provision		Non-Cash Use			Cash Payments			Balance July 31, 2020
Restructuring Plan:
Severance and Employee Related (1)	$	—	$	6,966	$	—		$	(1,160	)	$	5,806
Other (2)		—		402		(198	)		(115	)		89
Corporate Initiative:
Severance and Employee Related (1)		—		936		—			(395	)		541
Inventory (3)		—		3,507		(47	)		—			3,460
Accounts receivable (4)		—		1,075		—			—			1,075
Other (2)		—		1,722		(1,518	)		(167	)		37
Total	$	—	$	14,608	$	(1,763	)	$	(1,837	)	$	11,008

The following amounts are included in the Consolidated Balance Sheet at July 31, 2020:

(1) $5.9 million included in Accrued payroll and benefits and $0.4 million included in Capital in excess of par value.

(2) Balance included in Accrued liabilities.

(3) Reserve included in Inventories.

(4) Reserve included in Trade receivable, net.  

Summary of Corporate Initiative Costs by Operating Segment

The corporate initiative costs by operating segment are as follows:

	For the Three Months Ended April 30, 2020 Provision		For the Three Months Ended July 31, 2020 Provision		For the Six Months Ended July 31, 2020 Total
Watch and Accessory Brands:
United States	$	4,704	$	6,631	$	11,335
International		2,536		737		3,273
Total Watch and Accessory Brands		7,240		7,368		14,608
Total Company Stores		—		—		—
Total Consolidated	$	7,240	$	7,368	$	14,608
Cost of sales	$	3,508	$	—	$	3,508
Selling, general and administrative		3,732		7,368		11,100
Total	$	7,240	$	7,368	$	14,608