Segments

3 Months Ended

Apr. 30, 2012

Segments [Abstract]

Segments

Note 5 – 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 products, wholesale non-licensed products 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 three month periods indicated below:

	Three Months Ended April 30, 2012
	Wholesale Licensed		Wholesale Non- Licensed		Retail			Elimination (1)			Total
Net sales	$	156,955	$	47,337	$	36,135		$	(10,978	)	$	229,449
Cost of goods sold		116,663		35,683		19,391			(10,978	)		160,759
Gross profit		40,292		11,654		16,744			—			68,690
Selling, general and administrative		39,513		10,097		17,004			—			66,614
Depreciation and amortization		502		982		569			—			2,053
Operating profit (loss)	$	277	$	575	$	(829	)	$	—		$	23
	Three Months Ended April 30, 2011
	Wholesale Licensed		Wholesale Non-Licensed		Retail			Elimination (1)			Total
Net sales	$	127,735	$	46,779	$	32,561		$	(10,204	)	$	196,871
Cost of goods sold		94,772		34,904		17,944			(10,204	)		137,416
Gross profit		32,963		11,875		14,617			—			59,455
Selling, general and administrative		32,688		9,312		15,925			—			57,925
Depreciation and amortization		167		943		414			—			1,524
Operating profit (loss)	$	108	$	1,620	$	(1,722	)	$	—		$	6

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

Included in finished goods inventory at April 30, 2012 are approximately $135.2 million, $27.8 million and $35.6 million of inventories for wholesale licensed products, wholesale non-licensed products and retail operations, respectively. Included in finished goods inventory at April 30, 2011 are approximately $107.7 million, $22.3 million and $29.2 million of inventories for wholesale licensed products, wholesale non-licensed products and retail operations, respectively. Substantially all other assets are commingled.