Segments

6 Months Ended

Jul. 31, 2017

Segment Reporting [Abstract]

Segments

Note 7 – 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 by the Company from third parties, as well as sales of products under the Company’s own brands and private label brands. Wholesale sales and revenues from license agreements related to the Donna Karan and DKNY business are included in the wholesale operations segment. The retail operations segment consists primarily of the Wilsons Leather, G.H. Bass and DKNY stores, as well as a limited number of Calvin Klein Performance and Karl Lagerfeld Paris stores.

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

	Three Months Ended July 31, 2017
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	467,804	$	106,436		$	(36,234	)	$	538,006
Cost of goods sold		316,417		54,932			(36,234	)		335,115
Gross profit		151,387		51,504			—			202,891
Selling, general and administrative		128,484		67,365			—			195,849
Depreciation and amortization		7,229		3,507			—			10,736
Operating profit (loss)	$	15,674	$	(19,368	)	$	—		$	(3,694	)

	Three Months Ended July 31, 2016
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	361,344	$	99,958		$	(19,035	)	$	442,267
Cost of goods sold		250,475		55,184			(19,035	)		286,624
Gross profit		110,869		44,774			—			155,643
Selling, general and administrative		96,613		56,555			—			153,168
Depreciation and amortization		5,370		2,302			—			7,672
Operating profit (loss)	$	8,886	$	(14,083	)	$	—		$	(5,197	)

	Six Months Ended July 31, 2017
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	921,116	$	205,620		$	(59,688	)	$	1,067,048
Cost of goods sold		614,722		107,267			(59,688	)		662,301
Gross profit		306,394		98,353			—			404,747
Selling, general and administrative		258,644		134,616						393,260
Depreciation and amortization		13,613		6,961			—			20,574
Operating profit (loss)	$	34,137	$	(43,224	)	$	—		$	(9,087	)

	Six Months Ended July 31, 2016
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	743,715	$	194,950		$	(38,995	)	$	899,670
Cost of goods sold		508,471		108,882			(38,995	)		578,358
Gross profit		235,244		86,068			—			321,312
Selling, general and administrative		193,551		112,722			—			306,273
Depreciation and amortization		10,371		4,494			—			14,865
Operating profit (loss)	$	31,322	$	(31,148	)	$	—		$	174

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

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

	July 31, 2017		July 31, 2016		January 31, 2017
	(In thousands)
Wholesale	$	1,670,243	$	874,258	$	1,477,259
Retail		220,668		212,296		228,352
Corporate (1)		151,140		172,966		146,333
Total Assets	$	2,042,051	$	1,259,520	$	1,851,944

⁽¹⁾ Includes assets not allocated to either reportable segment.