XML 20 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Inventories
9 Months Ended
Oct. 31, 2017
Inventory Disclosure [Abstract]  
Inventories

Note 4 – Inventories

 

Subsequent to the adoption of Accounting Standard Update 2015-11 (Inventory - Topic 330), wholesale inventories are stated at the lower of cost (determined by the first-in, first out method) or net realizable value which comprises a significant portion of the Company’s inventory. Retail inventories are valued at the lower of cost or market as determined by the retail inventory method. Vilebrequin inventories are stated at the lower of cost (determined by the weighted average method) or net realizable value. Almost all of the Company’s inventories consist of finished goods.