Commitments and Contingencies

12 Months Ended

Jan. 31, 2012

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE G — COMMITMENTS AND CONTINGENCIES

Lease Agreements

The Company leases warehousing, executive and sales facilities, retail stores, equipment and vehicles under operating leases with options to renew at varying terms. Leases with provisions for increasing rents have been accounted for on a straight-line basis over the life of the lease.

Certain leases provide for contingent rents, which are determined as a percentage of gross sales. The Company records a contingent rent liability in accrued expenses on the Consolidated Balance Sheets and the corresponding rent expense on the Consolidated Statements of Income when management determines that achieving the specified levels during the fiscal year is probable.

The following schedule sets forth the future minimum rental payments for operating leases having non-cancelable lease periods in excess of one year at January 31, 2012:

	Operating Leases
	(In thousands)
Year Ending January 31,	Wholesale		Retail		Total
2013	$	10,131	$	14,157	$	24,288
2014		10,276		12,859		23,135
2015		7,225		11,781		19,006
2016		7,327		9,880		17,207
2017		7,372		8,186		15,558
Thereafter		43,263		21,350		64,613
	$	85,594	$	78,213	$	163,807

Rent expense on the above operating leases for the years ended January 31, 2012, 2011 and 2010 was approximately $25.9 million, $22.4 million and $20.7 million, respectively.

License Agreements

The Company has entered into license agreements that provide for royalty payments ranging from 4% to 19% of net sales of licensed products as set forth in the agreements. The Company incurred royalty expense (included in cost of goods sold) of approximately $68.7 million, $56.8 million and $44.4 million for the years ended January 31, 2012, 2011 and 2010, respectively. Contractual advertising expense, which is normally based on a percentage of net sales, associated with certain license agreements (included in selling, general and administrative expense) was $22.9 million, $18.8 million and $14.0 million for the years ended January 31, 2012, 2011 and 2010, respectively. Based on minimum sales requirements, future minimum royalty and advertising payments required under these agreements are:

Year Ending January 31,	Amount
	(In thousands)
2013	$	62,236
2014		37,220
2015		28,159
2016		24,460
2017		18,401
	$	170,476