Segments

9 Months Ended

Oct. 31, 2015

Segment Reporting [Abstract]

Segments

Note 7 – 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 the Company’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 mainly 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 and nine month periods indicated below:

	Three Months Ended October 31, 2015
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	807,034	$	124,669		$	(21,838	)	$	909,865
Cost of goods sold		527,144		67,502			(21,838	)		572,808
Gross profit		279,890		57,167			—			337,057
Selling, general and administrative		133,127		57,917			—			191,044
Depreciation and amortization		4,482		2,129			—			6,611
Operating profit (loss)	$	142,281	$	(2,879	)	$	—		$	139,402

	Three Months Ended October 31, 2014
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	722,135	$	130,101		$	(39,906	)	$	812,330
Cost of goods sold		485,085		71,899			(39,906	)		517,078
Gross profit		237,050		58,202			—			295,252
Selling, general and administrative		118,991		57,392			—			176,383
Depreciation and amortization		3,511		2,078			—			5,589
Operating profit (loss)	$	114,548	$	(1,268	)	$	—		$	113,280

	Nine Months Ended October 31, 2015
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	1,550,979	$	338,695		$	(72,960	)	$	1,816,714
Cost of goods sold		1,047,861		181,989			(72,960	)		1,156,890
Gross profit		503,118		156,706			—			659,824
Selling, general and administrative		304,801		164,759			—			469,560
Depreciation and amortization		12,470		5,743			—			18,213
Operating profit (loss)	$	185,847	$	(13,796	)	$	—		$	172,051

	Nine Months Ended October 31, 2014
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	1,349,069	$	324,522		$	(71,059	)	$	1,602,532
Cost of goods sold		922,892		176,929			(71,059	)		1,028,762
Gross profit		426,177		147,593			—			573,770
Selling, general and administrative		268,911		161,522			—			430,433
Depreciation and amortization		9,657		5,113			—			14,770
Operating profit (loss)	$	147,609	$	(19,042	)	$	—		$	128,567

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

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

	October 31, 2015		October 31, 2014		January 31, 2015
	(In thousands)
Wholesale	$	1,062,754	$	935,509	$	681,522
Retail		241,180		198,579		182,363
Corporate		112,558		87,001		179,876
Total Assets	$	1,416,492	$	1,221,089	$	1,043,761