Segments

12 Months Ended

Jan. 31, 2012

Segments [Abstract]

SEGMENTS

NOTE K — SEGMENTS

The Company’s reportable segments are business units that offer products through different channels of distribution and are managed separately. The Company operates in three segments; wholesale licensed product, wholesale non-licensed product and retail operations. There is substantial intersegment cooperation, cost allocations and sharing of assets. As a result, the Company does not represent that these segments, if operated independently, would report the operating results set forth in the table below. The following information, in thousands, is presented for the fiscal years ended:

	January 31, 2012
	Wholesale Licensed		Wholesale Non- Licensed		Retail			Elimination(1)			Total
Net sales	$	840,717	$	277,615	$	164,343		$	(51,474	)	$	1,231,201
Cost of goods sold		617,716		205,504		88,739			(51,474	)		860,485
Gross profit		223,001		72,111		75,604			—			370,716
Selling, general and administrative		164,070		42,295		70,654			—			277,019
Depreciation and amortization		1,360		4,126		1,987			—			7,473
Operating profit	$	57,571	$	25,690	$	2,963		$	—		$	86,224
	January 31, 2011
	Wholesale Licensed		Wholesale Non- Licensed		Retail			Elimination(1)			Total
Net sales	$	718,537	$	244,031	$	142,292		$	(41,456	)	$	1,063,404
Cost of goods sold		504,935		173,578		75,302			(41,456	)		712,359
Gross profit		213,602		70,453		66,990			—			351,045
Selling, general and administrative		142,510		42,521		63,349			—			248,380
Depreciation and amortization		719		3,615		1,399			—			5,733
Operating profit	$	70,373	$	24,317	$	2,242		$	—		$	96,932
	January 31, 2010
	Wholesale Licensed		Wholesale Non- Licensed		Retail			Elimination(1)			Total
Net sales		$523,606	$	188,318	$	126,608		$	(37,668	)	$	800,864
Cost of goods sold		367,416		134,600		69,648			(37,668	)		533,996
Gross profit		156,190		53,718		56,960			—			266,868
Selling, general and administrative		111,075		35,099		59,107			—			205,281
Depreciation and amortization		837		3,338		1,205			—			5,380
Operating profit (loss)	$	44,278	$	15,281	$	(3,352	)	$	—		$	56,207

(1) Represents intersegment sales to the Company’s retail operations.

The Company allocates overhead to its business segments on various bases, which include units shipped, space utilization, inventory levels, and relative sales levels, among other factors. The method of allocation is consistent on a year-to-year basis.

	2012				2011				2010
Geographic Region	Revenues		Long-Lived Assets		Revenues		Long-Lived Assets		Revenues		Long-Lived Assets
	(In thousands)
United States	$	1,185,800	$	87,103	$	1,025,763	$	77,042	$	782,285	$	65,677
Non-United States		45,401		517		37,641		574		18,579		184
	$	1,231,201	$	87,620	$	1,063,404	$	77,616	$	800,864	$	65,861

Capital expenditures for locations outside of the United States were not significant in each of the fiscal years ended January 31, 2012, 2011 and 2010. For the year ended January 31, 2012, capital expenditures were $10.7 million and $6.7 million for the wholesale and retail segments, respectively. For the year ended January 31, 2011, capital expenditures were $16.6 million and $2.8 million for the wholesale and retail segments, respectively.

Included in finished goods inventory at January 31, 2012 are approximately $170.4 million, $35.2 million and $39.3 million of inventories for wholesale licensed product, wholesale non-licensed product and retail operations, respectively. Included in finished goods inventory at January 31, 2011 are approximately $135.3 million, $32.8 million and $31.2 million of inventories for wholesale licensed product, wholesale non-licensed product and retail operations, respectively. Substantially all other assets are commingled.