Segments

6 Months Ended

Jul. 31, 2013

Segment Reporting [Abstract]

Segments

Note 6 – Segments

The Company’s reportable segments are business units that offer products through different channels of distribution and are managed separately. The Company aggregates its operating divisions into three reportable segments; licensed products, non-licensed products and retail operations. The Vilebrequin business acquired in August 2012, including the retail operations conducted by Vilebrequin, is part of the non-licensed product segment. There is substantial intersegment cooperation, cost allocations and sharing of assets between the licensed and non-licensed products segments. 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 and six month periods indicated below:

	Three Months Ended July 31, 2013
	Licensed		Non-Licensed		Retail			Elimination (1)			Total
Net sales	$	202,454	$	70,400	$	41,097		$	(9,793	)	$	304,158
Cost of goods sold		147,689		45,887		20,950			(9,787	)		204,739
Gross profit		54,765		24,513		20,147			(6	)		99,419
Selling, general and administrative		48,495		19,964		20,621			(36	)		89,044
Depreciation and amortization		575		1,875		792			—			3,242
Operating profit (loss)	$	5,695	$	2,674	$	(1,266	)	$	30		$	7,133

	Three Months Ended July 31, 2012
	Licensed		Non-Licensed		Retail			Elimination (1)			Total
Net sales	$	178,419	$	48,265	$	32,914		$	(8,119	)	$	251,479
Cost of goods sold		131,712		35,918		17,125			(8,119	)		176,636
Gross profit		46,707		12,347		15,789			—			74,843
Selling, general and administrative		42,405		9,579		17,470			—			69,454
Depreciation and amortization		502		994		604			—			2,100
Operating profit (loss)	$	3,800	$	1,774	$	(2,285	)	$	—		$	3,289

	Six Months Ended July 31, 2013
	Licensed		Non-Licensed		Retail		Elimination (1)			Total
Net sales	$	382,961	$	131,089	$	86,347	$	(23,624	)	$	576,773
Cost of goods sold		277,991		87,382		43,160		(23,572	)		384,961
Gross profit		104,970		43,707		43,187		(52	)		191,812
Selling, general and administrative		94,752		39,262		40,956		(98	)		174,872
Depreciation and amortization		1,060		3,814		1,489		—			6,363
Operating profit	$	9,158	$	631	$	742	$	46		$	10,577

	Six Months Ended July 31, 2012
	Licensed		Non-Licensed		Retail			Elimination (1)			Total
Net sales	$	335,373	$	95,602	$	69,050		$	(19,097	)	$	480,928
Cost of goods sold		248,375		71,601		36,516			(19,097	)		337,395
Gross profit		86,998		24,001		32,534			—			143,533
Selling, general and administrative		81,918		19,676		34,474			—			136,068
Depreciation and amortization		1,003		1,977		1,173			—			4,153
Operating profit (loss)	$	4,077	$	2,348	$	(3,113	)	$	—		$	3,312

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

Included in finished goods inventory at July 31, 2013 are approximately $272.0 million, $66.9 million and $56.7 million of inventories for licensed products, non-licensed products and retail operations, respectively. Included in finished goods inventory at July 31, 2012 are approximately $227.5 million, $57.9 million and $41.0 million of inventories for licensed products, non-licensed products and retail operations, respectively. Substantially all other assets are commingled.