Restructuring Provision (Tables)

9 Months Ended

Oct. 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 October 31, 2020 (in thousands):

	Balance July 31, 2020		Provision		Non-Cash Use			Cash Payments			Balance October 31, 2020
Restructuring Plan:
Severance and Employee Related	$	5,806	$	144	$	—		$	(2,784	)	$	3,166
Other		89		631		(117	)		(536	)		67
Corporate Initiative:
Severance and Employee Related		541		—		—			(541	)		-
Inventory		3,460		—		(203	)		—			3,257
Accounts receivable		1,075		—		—			—			1,075
Other		37		6		—			(15	)		28
Total	$	11,008	$	781	$	(320	)	$	(3,876	)	$	7,593

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 nine months ended October 31, 2020 (in thousands):

	Balance January 31, 2020		Provision		Non-Cash Use			Cash Payments			Balance October 31, 2020
Restructuring Plan:
Severance and Employee Related (1)	$	—	$	7,110	$	—		$	(3,944	)	$	3,166
Other (2)		—		1,033		(315	)		(651	)		67
Corporate Initiative:
Severance and Employee Related		—		936		—			(936	)		—
Inventory (3)		—		3,507		(250	)		—			3,257
Accounts receivable (4)		—		1,075		—			—			1,075
Other (2)		—		1,728		(1,518	)		(182	)		28
Total	$	—	$	15,389	$	(2,083	)	$	(5,713	)	$	7,593

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

(1) $2.8 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 receivables, net.  

Summary of Corporate Initiative Costs by Operating Segment

The corporate initiative costs by operating segment are as follows:

	For the Three Months Ended October 31, 2020 Provision		For the Nine Months Ended October 31, 2020 Total
Watch and Accessory Brands:
United States	$	594	$	11,929
International		187		3,460
Total Watch and Accessory Brands		781		15,389
Total Company Stores		—		—
Total Consolidated	$	781	$	15,389
Cost of sales	$	43	$	3,551
Selling, general and administrative		738		11,838
Total	$	781	$	15,389