Acquisition of Donna Karan International (Tables)

9 Months Ended

Oct. 31, 2017

Business Combinations [Abstract]

Schedule of allocation of purchase price consideration

(In thousands)	Preliminary Purchase Price Allocation at October 31, 2017
Cash and cash equivalents	$	44,375
Accounts receivable		16,129	*
Inventories		13,716	*
Prepaid expenses & other current assets		22,235	*
Property, plant and equipment		15,414	*
Goodwill		212,803	*
Tradenames		370,000
Other intangibles		40,000
Other long-term assets		2,703
Total assets acquired		737,375
Accounts payable		(21,436	)
Accrued expense		(39,087	)*
Income taxes payable		(3,443	)
Other long-term liabilities		(3,631	)
Total liabilities assumed		(67,597	)
Total fair value of acquisition consideration (net of  $40 million imputed debt discount)	$	669,778

* In the three and nine months ended October 31, 2017, the Company reduced goodwill by $1.3 million and $7.8 million, respectively, due to certain adjustments related to unrecorded indemnification obligations from LVMH to us, asset reserves and fixed assets.