ACQUISITIONS AND INTANGIBLES (Tables) - DKI

12 Months Ended

Jan. 31, 2018

Business Acquisition [Line Items]

Schedule of total consideration paid for acquisition

Initial Purchase Price	$	650,000
plus: 338(h)(10) tax election adjustment		38,100*
plus: aggregate adjustments to purchase price		26,278
Minus: LVMH Note discount		(40,000)
Total consideration	$	674,378

*       Includes the final 338(h)(10) tax election adjustment.

Schedule of fair values of assets acquired and liabilities

(In thousands)
Cash and cash equivalents	$	44,375
Accounts receivable		18,652
Inventories		13,727
Prepaid expenses & other current assets		22,907
Property, plant and equipment		15,414
Goodwill		211,675
Tradenames		370,000
Other intangibles		40,000
Other long-term assets		3,052
Total assets acquired		739,802
Accounts payable		(21,096)
Accrued expense		(35,582)
Income taxes payable		(3,661)
Other long-term liabilities		(5,085)
Total liabilities assumed		(65,424)
Total fair value of acquisition consideration (net of   $40 million imputed debt discount)	$	674,378

Schedule of reconciliation of cash paid for the acquisition

Purchase price	$	674,378
Minus cash acquired and non-cash consideration
Cash acquired		(44,375)
Note issued to LVMH, net of discount		(85,000)
338(h)(10) election tax election adjustment – paid in fiscal 2019		(4,600)
Common Stock issued to LVMH		(75,000)
Cash disbursed for the acquisition of DKI as of January 31, 2018	$	(465,403)

Schedule of intangible assets

		January 31,
	Estimated Life	2018			2017
		(In thousands)
Finite-lived intangible assets
Licenses	14 years		$	19,714		$	18,846
Trademarks	8 – 12 years			2,194			2,194
Customer relationships	15 – 17 years			48,371			48,071
Other	5 – 10 years			5,876			4,387
Subtotal				76,155			73,498
Accumulated amortization				(29,750)			(24,940)
Total finite-lived intangible assets				46,405			48,558
Indefinite-lived intangible assets
Goodwill				262,710			269,262
Trademarks				442,265			435,414
Total indefinite-lived intangible assets				704,975			704,676
Total intangible assets, net			$	751,380		$	753,234

Schedule of changes in amounts of goodwill

	Wholesale			Retail			Total
January 31, 2016		$	48,721		$	716		$	49,437
DKI acquisition			220,649			—			220,649
Currency translation			(824)			—			(824)
January 31, 2017			268,546			716			269,262
Adjustments to acquired goodwill			(8,973)			—			(8,973)
Goodwill impairment			—			(716)			(716)
Currency translation			3,137			—			3,137
January 31, 2018		$	262,710		$	—		$	262,710

Schedule of estimated intangible amortization expense

Year Ending January 31,	Amortization Expense
	(In thousands)
2019		4,453
2020		4,426
2021		3,903
2022		3,102
2023		3,057