Segments

3 Months Ended

Apr. 30, 2015

Segment Reporting [Abstract]

Segments

Note 6 – Segments

The Company’s reportable segments are business units that offer products through different channels of distribution. Commencing with the first quarter of fiscal 2016, the Company changed its segment reporting to two reportable segments: wholesale operations and retail operations. This change in G-III’s reportable segments is intended to better represent how the Company’s resources are allocated and its performance is assessed by its Chief Operating Decision Maker. The wholesale operations segment consists of the Company’s former licensed products and non-licensed products segments and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under the Company’s own brands and private label brands. The retail operations segment consists primarily of the Wilsons Leather and G.H. Bass stores, as well as a limited number of Calvin Klein Performance stores.

The following information, in thousands, is presented for the three month periods indicated below:

	Three Months Ended April 30, 2015
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	352,485	$	102,529		$	(22,049	)	$	432,965
Cost of goods sold		245,409		55,178			(22,049	)		278,538
Gross profit		107,076		47,351			—			154,427
Selling, general and administrative		84,594		52,440			—			137,034
Depreciation and amortization		3,931		1,756			—			5,687
Operating profit (loss)	$	18,551	$	(6,845	)	$	—		$	11,706

	Three Months Ended April 30, 2014
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	285,069	$	95,028		$	(13,905	)	$	366,192
Cost of goods sold		199,295		50,668			(13,905	)		236,058
Gross profit		85,774		44,360			—			130,134
Selling, general and administrative		70,698		51,743			—			122,441
Depreciation and amortization		2,832		1,395			—			4,227
Operating profit (loss)	$	12,244	$	(8,778	)	$	—		$	3,466

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

The total assets for each of the Company’s reportable segments are as follows:

	April 30,
	2015		2014
	(In thousands)
Wholesale	$	625,109	$	575,712
Retail		190,753		144,300
Corporate		136,188		83,123
Total Assets	$	952,050	$	803,135