Segments

9 Months Ended

Oct. 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 nine-month periods indicated below:

	Three Months Ended October 31, 2017
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	966,820	$	118,709		$	(60,536	)	$	1,024,993
Cost of goods sold		636,878		57,786			(60,536	)		634,128
Gross profit		329,942		60,923			—			390,865
Selling, general and administrative		174,679		68,061			—			242,740
Depreciation and amortization		6,790		116			—			6,906
Operating profit (loss)	$	148,473	$	(7,254	)	$	—		$	141,219

	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

	Nine Months Ended October 31, 2017
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	1,887,902	$	324,329		$	(120,191	)	$	2,092,040
Cost of goods sold		1,251,368		165,251			(120,191	)		1,296,428
Gross profit		636,534		159,078			—			795,612
Selling, general and administrative		433,324		202,676			—			636,000
Depreciation and amortization		20,403		7,077			—			27,480
Operating profit (loss)	$	182,807	$	(50,675	)	$	—		$	132,132

	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

⁽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, 2017		October 31, 2016		January 31, 2017
	(In thousands)
Wholesale	$	1,871,373	$	1,072,994	$	1,477,259
Retail		251,649		227,743		228,352
Corporate (1)		136,031		122,704		146,333
Total Assets	$	2,259,053	$	1,423,441	$	1,851,944

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