Segments

9 Months Ended

Oct. 31, 2016

Segment Reporting [Abstract]

Segments

Note 6 – Segments

The Company’s reportable segments are business units that offer products through different channels of distribution. The Company has two reportable segments: wholesale operations and retail operations. The wholesale operations segment includes sales of products under brands licensed to 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 sales by 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, 2016
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	794,382	$	107,238		$	(18,144	)	$	883,476
Cost of goods sold		521,359		58,809			(18,144	)		562,024
Gross profit		273,023		48,429			—			321,452
Selling, general and administrative		140,356		57,918			—			198,274
Depreciation and amortization		5,169		2,864			—			8,033
Operating profit (loss)	$	127,498	$	(12,353	)	$	—		$	115,145

	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

	Nine Months Ended October 31, 2016
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	1,538,096	$	302,188		$	(57,139	)	$	1,783,145
Cost of goods sold		1,029,829		167,691			(57,139	)		1,140,381
Gross profit		508,267		134,497			—			642,764
Selling, general and administrative		333,906		170,641			—			504,547
Depreciation and amortization		15,539		7,359			—			22,898
Operating profit (loss)	$	158,822	$	(43,503	)	$	—		$	115,319

	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

⁽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, 2016		October 31, 2015		January 31, 2016
	(In thousands)
Wholesale	$	1,072,994	$	1,062,754	$	763,353
Retail		227,743		241,180		210,118
Corporate(1)		122,704		112,558		210,599
Total Assets	$	1,423,441	$	1,416,492	$	1,184,070

⁽¹⁾ includes assets not allocated to any reportable segment.