G-III Apparel (GIII) 10-Q 6 Sep 18 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2018	Sep. 04, 2018
Document And Entity Information Abstract
Entity Registrant Name	G III APPAREL GROUP LTD /DE/
Entity Central Index Key	821,002
Trading Symbol	giii
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock Shares Outstanding		49,179,023
Document Type	10-Q
Document Period End Date	Jul. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018		Jul. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 42,306	$ 45,776		$ 58,782
Accounts receivable, net of allowance for doubtful accounts	447,576	294,430	[1]	287,570	[1]
Inventories	678,571	553,323		655,272
Prepaid income taxes	6,962	15,058		23,338
Prepaid expenses and other current assets	100,688	51,014		58,653
Total current assets	1,276,103	959,601		1,083,615
INVESTMENTS IN UNCONSOLIDATED AFFILIATES	59,048	62,422		60,015
PROPERTY AND EQUIPMENT, NET	92,133	97,857		95,074
OTHER ASSETS, NET	34,242	32,478		35,149
OTHER INTANGIBLES, NET	44,193	46,405		47,774
DEFERRED INCOME TAX ASSETS, NET	28,360	11,439		16,081
TRADEMARKS	440,878	442,265		439,637
GOODWILL	261,677	262,710		264,706
TOTAL ASSETS	2,236,634	1,915,177		2,042,051
CURRENT LIABILITIES
Income tax payable		19,748
Accounts payable	301,427	232,364		312,191
Accrued expenses	95,464	95,055		82,387
Customer refund liabilities	204,360
Total current liabilities	601,251	347,167		394,578
NOTES PAYABLE, net of discount and unamortized issuance costs	494,206	391,044		568,834
DEFERRED INCOME TAX LIABILITIES, NET	15,393	15,888		15,721
OTHER NON-CURRENT LIABILITIES	38,567	40,389		41,884
TOTAL LIABILITIES	1,149,417	794,488		1,021,017
STOCKHOLDERS' EQUITY
Preferred stock; 1,000 shares authorized; No shares issued and outstanding
Common stock - $0.01 par value; 120,000 shares authorized; 49,238, 49,051 and 49,219 shares issued, respectively	263	245		254
Additional paid-in capital	460,000	451,844		448,320
Accumulated other comprehensive loss	(13,587)	(5,522)		(19,681)
Retained earnings	640,774	674,542		593,501
Common stock held in treasury, at cost - 59, 343 and 106 shares, respectively	(233)	(420)		(1,360)
TOTAL STOCKHOLDERS' EQUITY	1,087,217	1,120,689		1,021,034
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,236,634	$ 1,915,177		$ 2,042,051
[1]	Also, net of accrued returns and sales discounts

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares shares in Thousands	Jul. 31, 2018	Jan. 31, 2018	Jul. 31, 2017
Statement Of Financial Position [Abstract]
Preferred stock, shares authorized	1,000	1,000	1,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	120,000	120,000	120,000
Common stock, shares issued	49,238	49,219	49,051
Treasury stock, shares	59	106	343

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE LOSS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017		Jul. 31, 2018	Jul. 31, 2017
Income Statement [Abstract]
Net sales	$ 624,698	$ 538,006	[1]	$ 1,236,441	$ 1,067,048	[1]
Cost of goods sold	393,154	335,016	[2]	770,370	662,343	[2]
Gross profit	231,544	202,990		466,071	404,705
Selling, general and administrative expenses	198,860	195,849		400,931	393,260
Depreciation and amortization	9,455	10,736		18,835	20,574
Operating profit (loss)	23,229	(3,595)		46,305	(9,129)
Other income (loss)	(28)	369		(479)	(863)
Interest and financing charges, net	(10,210)	(10,107)		(19,830)	(19,835)
Income (loss) before income taxes	12,991	(13,333)		25,996	(29,827)
Income tax expense (benefit)	2,914	(4,765)		6,034	(10,868)
Net income (loss)	$ 10,077	$ (8,568)		$ 19,962	$ (18,959)
Basic:
Net income (loss) per common share (in dollars per share)	$ 0.20	$ (0.18)		$ 0.41	$ (0.39)
Weighted average number of shares outstanding (in shares)	49,169	48,689		49,148	48,669
Diluted:
Net income (loss) per common share (in dollars per share)	$ 0.20	$ (0.18)		$ 0.40	$ (0.39)
Weighted average number of shares outstanding (in shares)	50,415	48,689		50,272	48,669
Net income (loss)	$ 10,077	$ (8,568)		$ 19,962	$ (18,959)
Other comprehensive income:
Foreign currency translation adjustments	(11,501)	7,973		(8,065)	8,041
Other comprehensive income (loss)	(11,501)	7,973		(8,065)	8,041
Comprehensive income (loss)	$ (1,424)	$ (595)		$ 11,897	$ (10,918)
[1]	Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.
[2]	Certain reclassifications have been made as a result of the Company's reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other income.

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Cash flows from operating activities
Net income (loss)	$ 19,962	$ (18,959)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	18,835	20,574
Loss on disposal of fixed assets	145	339
Equity loss in unconsolidated affiliates	1,817	1,152
Share-based compensation	9,440	10,262
Deferred financing charges and debt discount amortization	4,984	5,494
Changes in operating assets and liabilities:
Accounts receivable, net	(153,396)	(23,179)
Inventories	(125,638)	(171,176)
Income taxes, net	(11,646)	(16,705)
Prepaid expenses and other current assets	(53,396)	(11,534)
Other assets, net	(2,427)	7,198
Customer refund liabilities	137,767
Accounts payable, accrued expenses and other liabilities	68,074	82,174
Net cash used in operating activities	(85,479)	(114,360)
Cash flows from investing activities
Capital expenditures	(11,455)	(10,611)
Net cash used in investing activities	(11,455)	(10,611)
Cash flows from financing activities
Repayment of borrowings - revolving facility	(899,720)	(708,973)
Proceeds from borrowings - revolving facility	999,143	811,807
Proceeds from exercise of equity awards	56	422
Taxes paid for net share settlements	(1,098)	(7)
Net cash provided by financing activities	98,381	103,249
Foreign currency translation adjustments	(4,917)	547
Net decrease in cash and cash equivalents	(3,470)	(21,175)
Cash and cash equivalents at beginning of period	45,776	79,957
Cash and cash equivalents at end of period	42,306	58,782
Cash payments:
Interest, net	16,648	16,228
Income tax payments, net	$ 18,465	$ 3,749

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation As used in these financial statements, the term “Company” or “G-III” refers to G-III Apparel Group, Ltd. and its subsidiaries. The Company designs, sources and markets an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage. The Company also operates retail stores and licenses several of its proprietary brands under various product categories. The Company consolidates the accounts of all its wholly-owned subsidiaries. KL North America BV (“KLNA”) and Fabco Holding B.V. (“Fabco”) are Dutch limited liability companies that are joint ventures 49% owned by the Company. Karl Lagerfeld Holding B.V. (“KLH”) is a Dutch limited liability company that is 19% owned by the Company. These investments are accounted for using the equity method of accounting. All material intercompany balances and transactions have been eliminated. Vilebrequin International SA (“Vilebrequin”), a Swiss corporation that is wholly-owned by the Company, KLNA and KLH report results on a calendar year basis rather than on the January 31 fiscal year basis used by the Company. Accordingly, the results of Vilebrequin, KLNA and KLH are, and will be, included in our financial statements for the quarter ended or ending closest to G-III’s fiscal quarter. For example, with respect to our results for the six-month period ended July 31, 2018, the results of Vilebrequin, KLNA and KLH are included for the six-month period ended June 30, 2018. The Company’s retail stores use a 52/53-week fiscal year. The Company’s three and six-month periods ended July 31, 2017 and 2018 were a 13-week fiscal quarter and a 26-week period, respectively, for both periods for the retail operations segment. For fiscal 2018 and 2019, the three and six month periods for the retail operations segment ended on July 29, 2017 and August 4, 2018, respectively. The results for the three and six-month periods ended July 31, 2018 are not necessarily indicative of the results expected for the entire fiscal year, given the seasonal nature of the Company’s business. The accompanying financial statements included herein are unaudited. All adjustments (consisting of only normal recurring adjustments) necessary for a fair presentation of the financial position, results of operations and cash flows for the interim period presented have been reflected. The accompanying financial statements should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2018 filed with the Securities and Exchange Commission (the “SEC”). Assets and liabilities of the Company’s foreign operations, where the functional currency is not the U.S. Dollar (reporting currency), are translated from foreign currency into U.S. dollars at period-end rates, while income and expenses are translated at the weighted-average exchange rates for the period. The related translation adjustments are reflected as a foreign currency translation adjustment in accumulated other comprehensive income (loss) within stockholders’ equity. Certain reclassifications have been made to the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other income (loss).

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jul. 31, 2018
Revenue Recognition [Abstract]
Revenue Recognition	Note 2 – Revenue Recognition On February 1, 2018, the Company adopted Accounting Standard Codification Topic 606 (“ASC 606”) using the modified retrospective method as of January 31, 2018. The Company recognized a cumulative effect adjustment to the opening balance of stockholders’ equity at February 1, 2018 that reduced stockholders’ equity by $53.7 million, net of tax, as a result of the adoption of ASC 606. Prospectively, the adoption of ASC 606 primarily affects the timing of recognition of certain adjustments that are recorded in net sales for the wholesale operations segment. Under ASC 606, revenue is recognized upon the transfer of goods to customers in an amount that reflects the expected consideration to be received in exchange for these goods. The difference between the amount initially billed and the amount collected represents variable consideration. Variable consideration includes trade discounts, end of season markdowns, sales allowances, cooperative advertising, return liabilities and other customer allowances. Under ASC 606, the Company estimates the anticipated variable consideration and records this estimate as a reduction of revenue in the period the related product revenue is recognized. Prior to adopting ASC 606, certain components of variable consideration were recorded at a later date when the liability was known or incurred. The adoption of ASC 606 also resulted in changing the presentation of certain items on the Condensed Consolidated Balance Sheets and the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) prospectively. Under the prior guidance, the liability recorded in connection with variable consideration was recorded as a reduction to accounts receivable. With the adoption of ASC 606, these amounts have been classified as a current liability in the Condensed Consolidated Balance Sheet under “Customer refund liabilities” which is a current liability. Additionally, on a go forward basis, with respect to the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss), the Company classified cooperative advertising as a reduction of net sales. Previously, cooperative advertising was recorded in selling, general and administrative expenses. ASC 606 requires that costs expected to be incurred when products are returned should be accrued for upon the sale of the product as a component of cost of goods sold. These restocking costs were previously recognized when incurred and recorded in selling, general and administrative expenses. The following tables summarize the impact of adopting ASC 606 on the Company's Condensed Consolidated Balance Sheet as of July 31, 2018 and the Company's Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) for the three and six months ended July 31, 2018: July 31, 2018 As Reported Without Adoption of ASC Impact of Adoption of ASC Assets Accounts receivable, net $ 447,576 $ 304,369 $ 143,207 Inventories 678,571 714,793 (36,222 ) Prepaid expenses and other current assets 100,688 68,422 32,266 Deferred income tax assets, net 28,360 11,816 16,544 Liabilities Accrued expenses 95,464 94,018 1,446 Customer refund liabilities 204,360 - 204,360 Equity Retained earnings 640,774 690,786 (50,012 ) For the three months ended July 31, 2018 As Reported Without Adoption of ASC Impact of Adoption of ASC Net sales $ 624,698 $ 621,455 $ 3,243 Cost of goods sold 393,154 391,964 1,190 Selling general and administrative expenses 198,860 203,963 (5,103 ) Operating profit 23,229 16,073 7,156 Income tax expense 2,914 1,204 1,710 Net income 10,077 4,631 5,446 Net income per common share Basic 0.20 0.09 0.11 Diluted 0.20 0.09 0.11 For the six months ended July 31, 2018 As Reported Without Adoption of ASC Impact of Adoption of ASC Net sales $ 1,236,441 $ 1,240,796 $ (4,355 ) Cost of goods sold 770,370 768,127 2,243 Selling general and administrative expenses 400,931 412,686 (11,755 ) Operating profit 46,305 41,148 5,157 Income tax expense 6,034 4,593 1,441 Net income 19,962 16,246 3,716 Net income per common share Basic 0.41 0.33 0.08 Diluted 0.40 0.32 0.08 The adoption of ASC 606 had no net impact on the Company’s cash flows from operations. Disaggregation of revenue In accordance with ASC 606, the Company elected to disclose its revenues by segment. Each segment presents its own characteristics with respect to the timing of revenue recognition and the type of customer. In addition, disaggregating revenues using a segment basis is consistent with how the Company’s Chief Operating Decision Maker manages the Company. The Company identified the wholesale operations segment and the retail operations segment, which includes retail store sales and e-commerce sales, as distinct sources of revenue. Wholesale operations segment. Retail operations segment. The disaggregation of revenue is consistent with our segment reporting. Please refer to Note 7 for further details. Variable consideration The Company identified the following elements of variable consideration: Markdowns Term discounts. Sales Allowances Advertising Allowances Other Allowances Return of Merchandise Variable consideration is estimated based on historical experience, current contractual and statutory requirements, specific known events and industry trends. The reserves for variable consideration are recorded under customer refund liabilities. As of July 31, 2018, customer refund liabilities amounted to $204.4 million. Customer refund liabilities were recorded as a reduction to accounts receivable as of January 31, 2018 and July 31, 2017. Historical return rates are calculated on a product line basis. The remainder of the historical rates for variable consideration is calculated by customer by product lines. Contract balances The Company’s contract liabilities, which are recorded within accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets, primarily consist of gift card liabilities and advance payments from licensees. The Company also runs a limited loyalty program where customers accumulate points redeemable for cash discount certificates that expire 90 days after issuance. Total contract liabilities were $5.2 million and $6.0 million at July 31, 2018 and January 31, 2018, respectively. The Company recognized $5.4 million in revenue for the three months ended July 31, 2018, which related to contract liabilities that existed at April 30, 2018. The Company recognized $4.6 million in revenue for the six months ended July 31, 2018, which related to contract liabilities that existed at January 31, 2018. There were no contract assets recorded as of July 31, 2018 and January 31, 2018. Substantially all of the advance payments from licensees as of July 31, 2018 is expected to be recognized as revenue within the next twelve months.

Inventories

Inventories	6 Months Ended
	Jul. 31, 2018
Inventory Disclosure [Abstract]
Inventories	Note 3 – Inventories Substantially all of the Company’s inventories consist of finished goods. Wholesale inventories are stated at the lower of cost (determined by the first-in, first-out method) or net realizable value, which comprise 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. The inventory return asset, which consists of the amount of goods that are anticipated to be returned by customers, represented $36.2 million, $39.4 million and $20.8 million as of July 31, 2018, January 31, 2018 and July 31, 2017, respectively. The inventory return asset is recorded within prepaid expenses and other current assets as of July 31, 2018 and within inventories as of January 31, 2018 and July 31, 2017.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jul. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 4 – Fair Value of Financial Instruments GAAP establishes a three-level valuation hierarchy for disclosure of fair value measurements. The determination of the applicable level within the hierarchy for a particular asset or liability depends on the inputs used in its valuation as of the measurement date, notably the extent to which the inputs are market-based (observable) or internally-derived (unobservable). A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows: · Level 1 — inputs to the valuation methodology based on quoted prices (unadjusted) for identical assets or liabilities in active markets. · Level 2 — inputs to the valuation methodology based on quoted prices for similar assets or liabilities in active markets for substantially the full term of the financial instrument; quoted prices for identical or similar instruments in markets that are not active for substantially the full term of the financial instrument; and model-derived valuations whose inputs or significant value drivers are observable. · Level 3 — inputs to the valuation methodology based on unobservable prices or valuation techniques that are significant to the fair value measurement. The following table summarizes the carrying values and the estimated fair values of the Company’s debt instruments: Carrying Value Fair Value Financial Instrument Level 7/31/2018 1/31/2018 7/31/2018 1/31/2018 (in thousands) Term Loan 2 $ 300,000 $ 300,000 $ 300,000 $ 300,000 Revolving credit facility 2 $ 111,426 $ 12,003 $ 111,426 $ 12,003 LVMH Note 3 $ 94,100 $ 91,667 $ 85,000 $ 85,000 The Company's debt instruments are recorded at their carrying values in its condensed consolidated balance sheets, which may differ from their respective fair values. The carrying amount of the Company’s variable rate debt approximates the fair value, as interest rates change with the market rates. Furthermore, the carrying value of all other financial instruments potentially subject to valuation risk (principally consisting of cash, accounts receivable and accounts payable) also approximates fair value due to the short-term nature of these accounts. For purposes of this fair value disclosure, the Company based its fair value estimate for the LVMH Note (as defined in Note 6) on its internal valuation whereby the Company applied the discounted cash flow method to its expected cash flow payments due under the loan agreements based on market interest rate quotes as of July 31, 2018 and January 31, 2018 for debt with similar risk characteristics and maturities. Non-Financial Assets and Liabilities The Company's non-financial assets, which primarily consist of goodwill, other intangible assets and property and equipment, are not required to be measured at fair value on a recurring basis and are reported at carrying value. However, whenever events or changes in circumstances indicate that their carrying value may not be fully recoverable (and at least annually for goodwill and indefinite-lived intangible assets), non-financial instruments are assessed for impairment and, if applicable, written down to and recorded at fair value, considering external market participant assumptions. No events or circumstances indicate an impairment has been identified subsequent to the Company’s January 31, 2018 impairment testing.

Net Income (Loss) per Common Sh

Net Income (Loss) per Common Share	6 Months Ended
	Jul. 31, 2018
Earnings per share
Net Income (Loss) per Common Share	Note 5 – Net Income (Loss) per Common Share Basic net income (loss) per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share, when applicable, is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock awards and stock options outstanding during the period. Approximately 327,000 and 1,259,000 shares of common stock have been excluded from the diluted net income (loss) per share calculation for the three months ended July 31, 2018 and 2017, respectively. Approximately 322,000 and 1,246,000 shares of common stock have been excluded from the diluted net income (loss) per share calculation for the six months ended July 31, 2018 and 2017, respectively. All share based payments outstanding that vest based on the achievement of performance and/or market price conditions, and for which the respective performance and/or market price conditions have not been achieved, have been excluded from the diluted per share calculation. The following table reconciles the numerators and denominators used in the calculation of basic and diluted net income (loss) per share: Three Months Ended Six Months Ended July 31, July 31, 2018 2017 2018 2017 (In thousands, except per share amounts) Net income (loss) $ 10,077 $ (8,568 ) $ 19,962 $ (18,959 ) Basic net income (loss) per share: Basic common shares 49,169 48,689 49,148 48,669 Basic net income (loss) per share $ 0.20 $ (0.18 ) $ 0.41 $ (0.39 ) Diluted net income (loss) per share: Basic common shares 49,169 48,689 49,148 48,669 Diluted restricted stock awards and stock options 1,246 — 1,124 — Diluted common shares 50,415 48,689 50,272 48,669 Diluted net income (loss) per share $ 0.20 $ (0.18 ) $ 0.40 $ (0.39 )

Notes Payable

Notes Payable	6 Months Ended
	Jul. 31, 2018
Debt Disclosure [Abstract]
Notes Payable	Note 6 – Notes Payable Long-term debt consists of the following: July 31, 2018 July 31, 2017 January 31, 2018 (In thousands) Term loan $ 300,000 $ 300,000 $ 300,000 Revolving credit facility 111,426 193,955 12,003 Note issued to LVMH 125,000 125,000 125,000 Subtotal 536,426 618,955 437,003 Less: Net debt issuance costs (1) (11,320 ) (13,932 ) (12,626 ) Debt discount (30,900 ) (36,189 ) (33,333 ) Total $ 494,206 $ 568,834 $ 391,044 (1) Does not include debt issuance costs, net of amortization, totaling $8.3 million, $10.8 million and $9.5 million as of July 31, 2018, July 31, 2017 and January 31, 2018, respectively, related to the revolving credit facility. The debt issuance costs have been deferred and are classified within prepaid expenses and other current assets in the accompanying Condensed Consolidated Balance Sheets as required under Accounting Standards Update (“ASU”) 2015-15. Term Loan In connection with the acquisition of DKI, the Company borrowed $350.0 million under a senior secured term loan facility (the “Term Loan”). On December 1, 2016, the Company prepaid $50.0 million in principal amount of the Term Loan. The Term Loan is payable on maturity in December 2022. Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to the London Interbank Offered Rate (“LIBOR”), subject to a 1% floor, plus an applicable margin of 5.25% or an alternate base rate (defined as the greatest of  (i) the “prime rate” as published by the Wall Street Journal from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus 4.25%, per annum, payable in cash. As of July 31, 2018, interest under the Term Loan was being paid at an average rate of 7.24% per annum. The Term Loan is secured by certain assets of the Company and certain of its subsidiaries. The Term Loan is required to be prepaid with the proceeds of certain asset sales if such proceeds are not applied as required by the agreement within certain specified deadlines. The Term Loan contains covenants that restrict the Company’s ability to among other things, incur additional debt, sell or dispose certain assets, make certain investments, incur liens and enter into acquisitions. This loan also includes a mandatory prepayment provision based on excess cash flow as defined in the agreement. A first lien leverage covenant requires the Company to maintain a level of debt to EBITDA over the term of the agreement at a ratio as set forth in the agreement. As of July 31, 2018, the Company was in compliance with these covenants. Revolving Credit Facility Upon closing of the acquisition of DKI, the Company’s previous credit agreement was refinanced and replaced by a $650 million amended and restated credit agreement (the “revolving credit facility”). Amounts available under the revolving credit facility are subject to borrowing base formulas and over advances as specified in the revolving credit facility agreement. Borrowings bear interest, at the Company’s option, at LIBOR plus a margin of 1.25% to 1.75% or an alternate base rate (defined as the greatest of  (i) the “prime rate” of JPMorgan Chase Bank, N.A. from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus a margin of 0.25% to 0.75%, with the applicable margin determined based on the availability under the revolving credit facility agreement. As of July 31, 2018, interest under the revolving credit agreement was being paid at an average rate of 3.61% per annum. The revolving credit facility has a five-year term ending December 1, 2021. In addition to paying interest on any outstanding borrowings under the revolving credit facility, the Company is required to pay a commitment fee to the lenders under the credit agreement with respect to the unutilized commitments. The commitment fee accrues at a rate equal to 0.25% per annum on the average daily amount of the unutilized commitments. As of July 31, 2018, the Company had $111.4 million of borrowings outstanding under the revolving credit facility all of which are classified as long-term liabilities. As of July 31, 2018, there were outstanding trade and standby letters of credit amounting to $12.4 million and $3.4 million, respectively. LVMH Note As part of the consideration for the acquisition of DKI, the Company issued to LVMH Moet Hennessy Louis Vuitton Inc. (“LVMH”) a junior lien secured promissory note in the principal amount of $125.0 million (the “LVMH Note”) that bears interest at the rate of 2% per year. $75.0 million of the principal amount of the LVMH Note is due and payable on June 1, 2023 and $50.0 million of such principal amount is due and payable on December 1, 2023. Accounting Standards Codification (“ASC”) 820 - Fair Value Measurements requires the note to be recorded at fair value. As a result, the Company recorded a debt discount in the amount of $40.0 million. This discount is being amortized as interest expense using the effective interest method over the term of the LVMH Note.

Segments

Segments	6 Months Ended
	Jul. 31, 2018
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 the Company’s owned, licensed and private label brands and internet sales related to the Vilebrequin business. Wholesale sales also include revenues from license agreements related to the DKNY, Donna Karan, G.H. Bass, Andrew Marc and Vilebrequin businesses. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass and DKNY stores, as well as a limited number of Karl Lagerfeld Paris and Calvin Klein Performance stores. Sales through the Company’s owned websites, with the exception of Vilebrequin, are also included in the retail operations segment. The following information, in thousands, is presented for the three and six-month periods indicated below: Three Months Ended July 31, 2018 Wholesale Retail Elimination (1) Total Net sales $ 544,597 $ 106,662 $ (26,561 ) $ 624,698 Cost of goods sold 362,756 56,959 (26,561 ) 393,154 Gross profit 181,841 49,703 — 231,544 Selling, general and administrative expenses 136,178 62,682 — 198,860 Depreciation and amortization 7,348 2,107 — 9,455 Operating profit (loss) $ 38,315 $ (15,086 ) $ — $ 23,229 Three Months Ended July 31, 2017 Wholesale Retail Elimination (1) Total Net sales (2) $ 467,769 $ 106,436 $ (36,199 ) $ 538,006 Cost of goods sold (3) 316,435 54,780 (36,199 ) 335,016 Gross profit 151,334 51,656 — 202,990 Selling, general and administrative expenses 128,484 67,365 — 195,849 Depreciation and amortization 7,229 3,507 — 10,736 Operating profit (loss) $ 15,621 $ (19,216 ) $ — $ (3,595 ) Six Months Ended July 31, 2018 Wholesale Retail Elimination (1) Total Net sales $ 1,072,270 $ 211,181 $ (47,010 ) $ 1,236,441 Cost of goods sold 704,331 113,049 (47,010 ) 770,370 Gross profit 367,939 98,132 — 466,071 Selling, general and administrative expenses 272,591 128,340 — 400,931 Depreciation and amortization 14,483 4,352 — 18,835 Operating profit (loss) $ 80,865 $ (34,560 ) $ — $ 46,305 Six Months Ended July 31, 2017 Wholesale Retail Elimination (1) Total Net sales (2) $ 921,083 $ 205,620 $ (59,655 ) $ 1,067,048 Cost of goods sold (3) 614,737 107,261 (59,655 ) 662,343 Gross profit 306,346 98,359 — 404,705 Selling, general and administrative expenses 258,644 134,616 — 393,260 Depreciation and amortization 13,614 6,960 — 20,574 Operating profit (loss) $ 34,088 $ (43,217 ) $ — $ (9,129 ) (1) Represents intersegment sales to the Company’s retail operations. (2) Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations. (3) Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other income. The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows: July 31, 2018 July 31, 2017 January 31, 2018 (In thousands) Wholesale $ 1,880,348 $ 1,670,243 $ 1,554,191 Retail 205,268 220,668 215,568 Corporate 151,018 151,140 145,418 Total Assets $ 2,236,634 $ 2,042,051 $ 1,915,177

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jul. 31, 2018
Equity [Abstract]
Stockholders' Equity	Note 8 – Stockholders’ Equity Six Months Ended 2018 2017 (In thousands) Balance at beginning of period $ 1,120,689 $ 1,021,236 Comprehensive income (loss) 11,897 (10,918 ) Equity awards exercised/vested, net 56 422 Share-based compensation expense 9,440 10,262 Adjustments related to tax withholding for share-based compensation (1,098 ) (7 ) Other (39 ) 39 ASC 606 cumulative effect to Retained Earnings opening balance (53,728 ) — Balance at end of period $ 1,087,217 $ 1,021,034 For the three months ended July 31, 2018, the Company issued 13,276 shares of common stock and utilized 12,738 shares of treasury stock in connection with the vesting of equity awards. For the three months ended July 31, 2017, the Company issued 20,637 shares of common stock and utilized 26,030 shares of treasury stock in connection with the exercise or vesting of equity awards. For the six months ended July 31, 2018, the Company issued 19,276 shares of common stock and utilized 47,253 shares of treasury stock in connection with the exercise or vesting of equity awards. For the six months ended July 31, 2017, the Company issued 34,912 shares of common stock and utilized 32,830 shares of treasury stock in connection with the exercise or vesting of equity awards.

Final Tax Adjustment of Donna K

Final Tax Adjustment of Donna Karan International acquisition	6 Months Ended
	Jul. 31, 2018
Business Combinations [Abstract]
Final Tax Adjustment of Donna Karan International acquisition	Note 9 – Final Tax Adjustment of Donna Karan International acquisition On February 5, 2018, the Company paid $4.6 million to LVMH for the final tax adjustment related to the Company’s election under Internal Revenue Code Section 338(h)(10) in connection with the acquisition of DKI.

Canadian Customs Duty Examinati

Canadian Customs Duty Examination	6 Months Ended
	Jul. 31, 2018
Canadian Customs Duty Examination [Abstract]
Canadian Customs Duty Examination	Note 10 – Canadian Customs Duty Examination In October 2017, the Canada Border Service Agency (“CBSA”) issued a final audit report to G-III Apparel Canada ULC (“G-III Canada”), our wholly-owned subsidiary. The report challenged the valuation used by G-III Canada for certain goods imported into Canada. The period covered by the examination is February 1, 2014 through the date of the final report, October 27, 2017. The CBSA has requested G-III Canada to reassess its customs entries for that period using the price paid or payable by the Canadian retail customers for certain imported goods rather than the price paid by G-III Canada to the vendor. The CBSA has also requested that G-III Canada change the valuation method used to pay duties with respect to goods imported in the future. On March 14, 2018, G-III Canada provided a bond to the CBSA to secure payment of the additional duties payable as a result of the reassessment required by the final audit report. The Company issued a bond in the amount of CAD$26.9 million ($20.9 million) representing customs duty and interest through December 31, 2017 that is claimed to be owed to the CBSA. In March 2018, the Company amended the duties filed for the month of January 2018 based on the new valuation method. The additional duty claimed to be owed for January 2018 was approximately CAD$1.4 million ($1.1 million). Beginning February 1, 2018, the Company began paying duties based on the new valuation method. The additional duties paid beginning on February 1, 2018 on the higher dutiable value will not be charged as an expense in the Company’s statement of operations, but will be recorded as a deferred expense until the appeal process has concluded. Expense amounts deferred for the three and six months ended July 31, 2018, related to the higher dutiable values, were CAD$3.4 million ($2.6 million) and CAD$5.8 million ($4.5 million), respectively. G-III Canada, based on the advice of counsel, believes it has positions that support its ability to receive a refund of amounts claimed to be owed to the CBSA on appeal and intends to vigorously contest the findings of the CBSA. G-III Canada filed its appeal with the CBSA in May 2018.

Recent Adopted and Issued Accou

Recent Adopted and Issued Accounting Pronouncements	6 Months Ended
	Jul. 31, 2018
Accounting Changes And Error Corrections [Abstract]
Recent Adopted and Issued Accounting Pronouncements	Note 11 – Recent Adopted and Issued Accounting Pronouncements Recently Adopted Accounting Guidance In May 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-09, “Compensation — Stock Compensation (Topic 718): Scope of Modification Accounting.” ASU 2017-09 provides clarification as to when modification accounting should be used for changes to the terms or conditions of a share-based payment award. ASU 2017-09 does not change the accounting for modifications but clarifies that modification accounting guidance should only be applied if there is a change to the value, vesting conditions or award classification and would not be required if the changes are considered non-substantive. The amendments of ASU 2017-09 are effective for reporting periods beginning after December 15, 2017. The Company adopted the provisions of ASU 2017-09 during the first quarter of fiscal 2019. The adoption of ASU 2017-09 did not have any impact on the Company’s condensed consolidated financial statements. In December 2017, the SEC staff issued Staff Accounting Bulletin 118 (“SAB 118”) to provide guidance for companies that have not completed their accounting for the income tax effects of the Tax Cuts and Jobs Act (“TCJA”). Due to the complexities of the TCJA, the Company’s final tax liability may materially differ from provisional estimates due to additional guidance and regulations issued by the U.S. Treasury Department, the Internal Revenue Service ("IRS") and state and local tax authorities. G-III will finalize its accounting for the TCJA during the one-year measurement period, and any adjustments to the provisional amounts will be included in income tax expense or benefit in the appropriate periods, and disclosed if material, in accordance with guidance provided by SAB 118. As of July 31, 2018, the Company has not identified or recorded adjustments to the provisional amounts previously disclosed in its Annual Report on Form 10-K for the year ended January 31, 2018. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” The purpose of ASU 2017-01 is to clarify the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within that year. The amendments in ASU 2017-01 should be applied prospectively on or after the effective date. The Company adopted the provisions of ASU 2017-01 during the first quarter of fiscal 2019. The adoption of ASU 2017-01 did not have any impact on the Company’s condensed consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.” The update requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset upon transfer other than inventory, eliminating the current recognition exception. Prior to the update, GAAP prohibited the recognition of current and deferred income taxes for intra-entity asset transfers until the asset was sold to an outside party. The amendments in this update do not include new disclosure requirements; however, existing disclosure requirements might be applicable when accounting for the current and deferred income taxes for an intra-entity transfer of an asset other than inventory. For public business entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those fiscal years. The Company adopted the provisions of ASU 2016-16 during the first quarter of fiscal 2019. The adoption of ASU 2016-16 did not have a material impact on the Company’s condensed consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which clarifies guidance with respect to the classification of eight specific cash flow issues. ASU 2016-15 was issued to reduce diversity in practice and prevent financial statement restatements. Cash flow issues include: debt prepayment or debt extinguishment costs, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies and bank-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Under ASU 2016-15, entities must apply the guidance retrospectively to all periods presented but may apply it prospectively if retrospective application would be impracticable. The Company adopted the provisions of ASU 2016-15 during the first quarter of fiscal 2019. The adoption of ASU 2016-15 did not have a material impact on the Company’s condensed consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” This standard (i) modifies how entities measure equity investments and present changes in the fair value of financial liabilities, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) changes presentation and disclosure requirements and (iv) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company adopted the provisions of ASU 2016-15 during the first quarter of fiscal 2019. The adoption of ASU 2016-15 did not have a material impact on the Company’s condensed consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This update replaces the previous revenue recognition guidance in GAAP and requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The FASB clarified this guidance by issuing ASU 2017-13, “Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments”; ASU 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”; ASU 2016-10, “Identifying Performance Obligations and Licensing”; ASU 2016-12, “Narrow-Scope Improvements and Practical Expedients”; and ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.” The amendments to ASU 2014-09 were intended to render more detailed implementation guidance with the expectation of reducing the degree of judgment necessary to comply with Topic 606. These new standards have the same effective date as ASU 2014-09 and were effective for public entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company adopted the provisions of ASU 2014-09, as subsequently amended, during the first quarter of fiscal 2019. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company adopted the pronouncement using a modified retrospective approach. The Company performed an analysis of its current revenue streams worldwide and identified changes that resulted from the adoption of the new guidance. The Company implemented changes to its accounting processes and controls to support the new revenue recognition and disclosure requirements. The adoption of Topic 606 primarily affects the wholesale operations segment in the timing of recognition of certain adjustments that were recorded in net sales. For example, the Company previously recorded markdowns and certain customer allowances when the liability was known or incurred. Please refer to Note 2 for further details with respect to the adoption of this guidance by the Company. Issued Accounting Guidance Being Evaluated for Adoption In June 2018, the FASB issued ASU 2018-07, “FASB Simplifies Guidance on Nonemployee Share-Based Payments”, which supersedes ASC 505-50 and expands the scope of ASC 718 to include all share-based payment arrangements related to the acquisition of goods and services from both nonemployees and employees. As a result, most of the guidance in ASC 718 associated with employee share-based payments, including most of its requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU 2018-07 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of ASU 2018-07 is permitted for all entities, but no earlier than the date on which an entity adopts ASC 606. The Company does not expect ASU 2018-07 to have an impact on its condensed consolidated financial statements. In February 2018, the FASB issued ASU 2018-03, “Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”, which makes technical corrections to certain aspects of ASU 2016-01 (on recognition of financial assets and financial liabilities), including the following: (i) equity securities without a readily determinable fair value — discontinuation, (ii) equity securities without a readily determinable fair value — adjustments, (iii) forward contracts and purchased options, (iv) presentation requirements for certain fair value option liabilities, (v) fair value option liabilities denominated in a foreign currency and (vi) transition guidance for equity securities without a readily determinable fair value. The amendments in ASU 2018-03 are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years beginning after June 15, 2018. Public business entities with fiscal years beginning between December 15, 2017, and June 15, 2018, are not required to adopt the amendments until the interim period beginning after June 15, 2018. The Company will adopt the provisions of ASU 2018-03 for its quarter beginning August 1, 2018. The Company does not expect ASU 2018-03 to have an impact on its condensed consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”, which provides financial statement preparers with an option to reclassify stranded tax effects within accumulated other comprehensive income to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate (or portion thereof) in the TCJA is recorded. The amendments to ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of ASU 2018-02 is permitted, including adoption in any interim period for the public business entities for reporting periods for which financial statements have not yet been issued. The amendments of ASU 2018-02 should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the TCJA is recognized. The Company is currently assessing the impact that adopting ASU 2018-02 will have on its financial statements and footnote disclosures. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” The primary difference between the current requirement under GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. The FASB has continued to clarify this guidance and most recently issued ASU 2017-13, “Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments.” ASU 2016-02 requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of lease payments. The asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Operating leases will result in straight-line expense (similar to current operating leases) while finance leases will result in a front-loaded expense pattern (similar to current capital leases). Classification will be based on criteria that are for the most part similar to those applied in current lease accounting. ASU 2016-02 may be adopted using a modified retrospective transition, and provides for certain practical expedients. Transactions will require application of the new guidance at the beginning of the earliest comparative period presented. The guidance is effective for public entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact of ASU 2016-02 on its consolidated financial statements. Given the Company’s significant number of leases, the Company expects this standard will result in a significant increase to its long-term assets and liabilities but does not expect it to have a material impact on its statements of operations. The Company is required to adopt the new standard in the first quarter of fiscal 2020 and does not expect to early adopt this new standard.

Subsequent Event

Subsequent Event	6 Months Ended
	Jul. 31, 2018
Subsequent Events [Abstract]
Subsequent Event	Note 12 – Subsequent Event In August 2017, the Company entered into a joint venture agreement with Amlon Capital B.V. (“Amlon”) to produce and market women’s and men’s apparel and accessories pursuant to a long-term license for DKNY and Donna Karan in the People’s Republic of China, including Macau, Hong Kong and Taiwan. The Company owns 49% of this joint venture, with Amlon owning the remaining 51%. The joint venture will be funded with $25 million of equity to be used to strengthen the DKNY and Donna Karan brands and accelerate the growth of the business in the region. Of that amount, the Company was required to contribute an aggregate of $10.0 million to the joint venture by August 2018. The Company had previously funded $49,000 of that amount upon signing the joint venture agreement. On August 7, 2018, the Company funded its remaining $9.9 million obligation to the joint venture.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation As used in these financial statements, the term “Company” or “G-III” refers to G-III Apparel Group, Ltd. and its subsidiaries. The Company designs, sources and markets an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage. The Company also operates retail stores and licenses several of its proprietary brands under various product categories. The Company consolidates the accounts of all its wholly-owned subsidiaries. KL North America BV (“KLNA”) and Fabco Holding B.V. (“Fabco”) are Dutch limited liability companies that are joint ventures 49% owned by the Company. Karl Lagerfeld Holding B.V. (“KLH”) is a Dutch limited liability company that is 19% owned by the Company. These investments are accounted for using the equity method of accounting. All material intercompany balances and transactions have been eliminated. Vilebrequin International SA (“Vilebrequin”), a Swiss corporation that is wholly-owned by the Company, KLNA and KLH report results on a calendar year basis rather than on the January 31 fiscal year basis used by the Company. Accordingly, the results of Vilebrequin, KLNA and KLH are, and will be, included in our financial statements for the quarter ended or ending closest to G-III’s fiscal quarter. For example, with respect to our results for the six-month period ended July 31, 2018, the results of Vilebrequin, KLNA and KLH are included for the six-month period ended June 30, 2018. The Company’s retail stores use a 52/53-week fiscal year. The Company’s three and six-month periods ended July 31, 2017 and 2018 were a 13-week fiscal quarter and a 26-week period, respectively, for both periods for the retail operations segment. For fiscal 2018 and 2019, the three and six month periods for the retail operations segment ended on July 29, 2017 and August 4, 2018, respectively. The results for the three and six-month periods ended July 31, 2018 are not necessarily indicative of the results expected for the entire fiscal year, given the seasonal nature of the Company’s business. The accompanying financial statements included herein are unaudited. All adjustments (consisting of only normal recurring adjustments) necessary for a fair presentation of the financial position, results of operations and cash flows for the interim period presented have been reflected. The accompanying financial statements should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2018 filed with the Securities and Exchange Commission (the “SEC”). Assets and liabilities of the Company’s foreign operations, where the functional currency is not the U.S. Dollar (reporting currency), are translated from foreign currency into U.S. dollars at period-end rates, while income and expenses are translated at the weighted-average exchange rates for the period. The related translation adjustments are reflected as a foreign currency translation adjustment in accumulated other comprehensive income (loss) within stockholders’ equity. Certain reclassifications have been made to the Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other income (loss).
Recent Adopted and Issued Accounting Pronouncements	Recent Adopted and Issued Accounting Pronouncements Recently Adopted Accounting Guidance In May 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-09, “Compensation — Stock Compensation (Topic 718): Scope of Modification Accounting.” ASU 2017-09 provides clarification as to when modification accounting should be used for changes to the terms or conditions of a share-based payment award. ASU 2017-09 does not change the accounting for modifications but clarifies that modification accounting guidance should only be applied if there is a change to the value, vesting conditions or award classification and would not be required if the changes are considered non-substantive. The amendments of ASU 2017-09 are effective for reporting periods beginning after December 15, 2017. The Company adopted the provisions of ASU 2017-09 during the first quarter of fiscal 2019. The adoption of ASU 2017-09 did not have any impact on the Company’s condensed consolidated financial statements. In December 2017, the SEC staff issued Staff Accounting Bulletin 118 (“SAB 118”) to provide guidance for companies that have not completed their accounting for the income tax effects of the Tax Cuts and Jobs Act (“TCJA”). Due to the complexities of the TCJA, the Company’s final tax liability may materially differ from provisional estimates due to additional guidance and regulations issued by the U.S. Treasury Department, the Internal Revenue Service ("IRS") and state and local tax authorities. G-III will finalize its accounting for the TCJA during the one-year measurement period, and any adjustments to the provisional amounts will be included in income tax expense or benefit in the appropriate periods, and disclosed if material, in accordance with guidance provided by SAB 118. As of July 31, 2018, the Company has not identified or recorded adjustments to the provisional amounts previously disclosed in its Annual Report on Form 10-K for the year ended January 31, 2018. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” The purpose of ASU 2017-01 is to clarify the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within that year. The amendments in ASU 2017-01 should be applied prospectively on or after the effective date. The Company adopted the provisions of ASU 2017-01 during the first quarter of fiscal 2019. The adoption of ASU 2017-01 did not have any impact on the Company’s condensed consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.” The update requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset upon transfer other than inventory, eliminating the current recognition exception. Prior to the update, GAAP prohibited the recognition of current and deferred income taxes for intra-entity asset transfers until the asset was sold to an outside party. The amendments in this update do not include new disclosure requirements; however, existing disclosure requirements might be applicable when accounting for the current and deferred income taxes for an intra-entity transfer of an asset other than inventory. For public business entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those fiscal years. The Company adopted the provisions of ASU 2016-16 during the first quarter of fiscal 2019. The adoption of ASU 2016-16 did not have a material impact on the Company’s condensed consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which clarifies guidance with respect to the classification of eight specific cash flow issues. ASU 2016-15 was issued to reduce diversity in practice and prevent financial statement restatements. Cash flow issues include: debt prepayment or debt extinguishment costs, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies and bank-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Under ASU 2016-15, entities must apply the guidance retrospectively to all periods presented but may apply it prospectively if retrospective application would be impracticable. The Company adopted the provisions of ASU 2016-15 during the first quarter of fiscal 2019. The adoption of ASU 2016-15 did not have a material impact on the Company’s condensed consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” This standard (i) modifies how entities measure equity investments and present changes in the fair value of financial liabilities, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) changes presentation and disclosure requirements and (iv) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company adopted the provisions of ASU 2016-15 during the first quarter of fiscal 2019. The adoption of ASU 2016-15 did not have a material impact on the Company’s condensed consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This update replaces the previous revenue recognition guidance in GAAP and requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The FASB clarified this guidance by issuing ASU 2017-13, “Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments”; ASU 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”; ASU 2016-10, “Identifying Performance Obligations and Licensing”; ASU 2016-12, “Narrow-Scope Improvements and Practical Expedients”; and ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.” The amendments to ASU 2014-09 were intended to render more detailed implementation guidance with the expectation of reducing the degree of judgment necessary to comply with Topic 606. These new standards have the same effective date as ASU 2014-09 and were effective for public entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company adopted the provisions of ASU 2014-09, as subsequently amended, during the first quarter of fiscal 2019. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company adopted the pronouncement using a modified retrospective approach. The Company performed an analysis of its current revenue streams worldwide and identified changes that resulted from the adoption of the new guidance. The Company implemented changes to its accounting processes and controls to support the new revenue recognition and disclosure requirements. The adoption of Topic 606 primarily affects the wholesale operations segment in the timing of recognition of certain adjustments that were recorded in net sales. For example, the Company previously recorded markdowns and certain customer allowances when the liability was known or incurred. Please refer to Note 2 for further details with respect to the adoption of this guidance by the Company. Issued Accounting Guidance Being Evaluated for Adoption In June 2018, the FASB issued ASU 2018-07, “FASB Simplifies Guidance on Nonemployee Share-Based Payments”, which supersedes ASC 505-50 and expands the scope of ASC 718 to include all share-based payment arrangements related to the acquisition of goods and services from both nonemployees and employees. As a result, most of the guidance in ASC 718 associated with employee share-based payments, including most of its requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU 2018-07 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of ASU 2018-07 is permitted for all entities, but no earlier than the date on which an entity adopts ASC 606. The Company does not expect ASU 2018-07 to have an impact on its condensed consolidated financial statements. In February 2018, the FASB issued ASU 2018-03, “Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”, which makes technical corrections to certain aspects of ASU 2016-01 (on recognition of financial assets and financial liabilities), including the following: (i) equity securities without a readily determinable fair value — discontinuation, (ii) equity securities without a readily determinable fair value — adjustments, (iii) forward contracts and purchased options, (iv) presentation requirements for certain fair value option liabilities, (v) fair value option liabilities denominated in a foreign currency and (vi) transition guidance for equity securities without a readily determinable fair value. The amendments in ASU 2018-03 are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years beginning after June 15, 2018. Public business entities with fiscal years beginning between December 15, 2017, and June 15, 2018, are not required to adopt the amendments until the interim period beginning after June 15, 2018. The Company will adopt the provisions of ASU 2018-03 for its quarter beginning August 1, 2018. The Company does not expect ASU 2018-03 to have an impact on its condensed consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”, which provides financial statement preparers with an option to reclassify stranded tax effects within accumulated other comprehensive income to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate (or portion thereof) in the TCJA is recorded. The amendments to ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of ASU 2018-02 is permitted, including adoption in any interim period for the public business entities for reporting periods for which financial statements have not yet been issued. The amendments of ASU 2018-02 should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the TCJA is recognized. The Company is currently assessing the impact that adopting ASU 2018-02 will have on its financial statements and footnote disclosures. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” The primary difference between the current requirement under GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. The FASB has continued to clarify this guidance and most recently issued ASU 2017-13, “Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments.” ASU 2016-02 requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of lease payments. The asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Operating leases will result in straight-line expense (similar to current operating leases) while finance leases will result in a front-loaded expense pattern (similar to current capital leases). Classification will be based on criteria that are for the most part similar to those applied in current lease accounting. ASU 2016-02 may be adopted using a modified retrospective transition, and provides for certain practical expedients. Transactions will require application of the new guidance at the beginning of the earliest comparative period presented. The guidance is effective for public entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact of ASU 2016-02 on its consolidated financial statements. Given the Company’s significant number of leases, the Company expects this standard will result in a significant increase to its long-term assets and liabilities but does not expect it to have a material impact on its statements of operations. The Company is required to adopt the new standard in the first quarter of fiscal 2020 and does not expect to early adopt this new standard.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jul. 31, 2018
Revenue Recognition [Abstract]
Schedule of impact of adopting ASC 606 on Condensed Consolidated Balance Sheet	July 31, 2018 As Reported Without Adoption of ASC Impact of Adoption of ASC Assets Accounts receivable, net $ 447,576 $ 304,369 $ 143,207 Inventories 678,571 714,793 (36,222 ) Prepaid expenses and other current assets 100,688 68,422 32,266 Deferred income tax assets, net 28,360 11,816 16,544 Liabilities Accrued expenses 95,464 94,018 1,446 Customer refund liabilities 204,360 - 204,360 Equity Retained earnings 640,774 690,786 (50,012 )
Schedule of impact of adopting ASC 606 on Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)	For the three months ended July 31, 2018 As Reported Without Adoption of ASC Impact of Adoption of ASC Net sales $ 624,698 $ 621,455 $ 3,243 Cost of goods sold 393,154 391,964 1,190 Selling general and administrative expenses 198,860 203,963 (5,103 ) Operating profit 23,229 16,073 7,156 Income tax expense 2,914 1,204 1,710 Net income 10,077 4,631 5,446 Net income per common share Basic 0.20 0.09 0.11 Diluted 0.20 0.09 0.11 For the six months ended July 31, 2018 As Reported Without Adoption of ASC Impact of Adoption of ASC Net sales $ 1,236,441 $ 1,240,796 $ (4,355 ) Cost of goods sold 770,370 768,127 2,243 Selling general and administrative expenses 400,931 412,686 (11,755 ) Operating profit 46,305 41,148 5,157 Income tax expense 6,034 4,593 1,441 Net income 19,962 16,246 3,716 Net income per common share Basic 0.41 0.33 0.08 Diluted 0.40 0.32 0.08

Fair Value of Financial Instr20

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jul. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of carrying values and estimated fair values of debt instruments	Carrying Value Fair Value Financial Instrument Level 7/31/2018 1/31/2018 7/31/2018 1/31/2018 (in thousands) Term Loan 2 $ 300,000 $ 300,000 $ 300,000 $ 300,000 Revolving credit facility 2 $ 111,426 $ 12,003 $ 111,426 $ 12,003 LVMH Note 3 $ 94,100 $ 91,667 $ 85,000 $ 85,000

Net Income (Loss) per Common 21

Net Income (Loss) per Common Share (Tables)	6 Months Ended
	Jul. 31, 2018
Earnings per share
Schedule of reconciliation between basic and diluted net income per share	Three Months Ended Six Months Ended July 31, July 31, 2018 2017 2018 2017 (In thousands, except per share amounts) Net income (loss) $ 10,077 $ (8,568 ) $ 19,962 $ (18,959 ) Basic net income (loss) per share: Basic common shares 49,169 48,689 49,148 48,669 Basic net income (loss) per share $ 0.20 $ (0.18 ) $ 0.41 $ (0.39 ) Diluted net income (loss) per share: Basic common shares 49,169 48,689 49,148 48,669 Diluted restricted stock awards and stock options 1,246 — 1,124 — Diluted common shares 50,415 48,689 50,272 48,669 Diluted net income (loss) per share $ 0.20 $ (0.18 ) $ 0.40 $ (0.39 )

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jul. 31, 2018
Debt Disclosure [Abstract]
Schedule of long-term debt	July 31, 2018 July 31, 2017 January 31, 2018 (In thousands) Term loan $ 300,000 $ 300,000 $ 300,000 Revolving credit facility 111,426 193,955 12,003 Note issued to LVMH 125,000 125,000 125,000 Subtotal 536,426 618,955 437,003 Less: Net debt issuance costs (1) (11,320 ) (13,932 ) (12,626 ) Debt discount (30,900 ) (36,189 ) (33,333 ) Total $ 494,206 $ 568,834 $ 391,044 (1) Does not include debt issuance costs, net of amortization, totaling $8.3 million, $10.8 million and $9.5 million as of July 31, 2018, July 31, 2017 and January 31, 2018, respectively, related to the revolving credit facility. The debt issuance costs have been deferred and are classified within prepaid expenses and other current assets in the accompanying Condensed Consolidated Balance Sheets as required under Accounting Standards Update (“ASU”) 2015-15.

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jul. 31, 2018
Segment Reporting [Abstract]
Schedule of information regarding reportable segments	Three Months Ended July 31, 2018 Wholesale Retail Elimination (1) Total Net sales $ 544,597 $ 106,662 $ (26,561 ) $ 624,698 Cost of goods sold 362,756 56,959 (26,561 ) 393,154 Gross profit 181,841 49,703 — 231,544 Selling, general and administrative expenses 136,178 62,682 — 198,860 Depreciation and amortization 7,348 2,107 — 9,455 Operating profit (loss) $ 38,315 $ (15,086 ) $ — $ 23,229 Three Months Ended July 31, 2017 Wholesale Retail Elimination (1) Total Net sales (2) $ 467,769 $ 106,436 $ (36,199 ) $ 538,006 Cost of goods sold (3) 316,435 54,780 (36,199 ) 335,016 Gross profit 151,334 51,656 — 202,990 Selling, general and administrative expenses 128,484 67,365 — 195,849 Depreciation and amortization 7,229 3,507 — 10,736 Operating profit (loss) $ 15,621 $ (19,216 ) $ — $ (3,595 ) Six Months Ended July 31, 2018 Wholesale Retail Elimination (1) Total Net sales $ 1,072,270 $ 211,181 $ (47,010 ) $ 1,236,441 Cost of goods sold 704,331 113,049 (47,010 ) 770,370 Gross profit 367,939 98,132 — 466,071 Selling, general and administrative expenses 272,591 128,340 — 400,931 Depreciation and amortization 14,483 4,352 — 18,835 Operating profit (loss) $ 80,865 $ (34,560 ) $ — $ 46,305 Six Months Ended July 31, 2017 Wholesale Retail Elimination (1) Total Net sales (2) $ 921,083 $ 205,620 $ (59,655 ) $ 1,067,048 Cost of goods sold (3) 614,737 107,261 (59,655 ) 662,343 Gross profit 306,346 98,359 — 404,705 Selling, general and administrative expenses 258,644 134,616 — 393,260 Depreciation and amortization 13,614 6,960 — 20,574 Operating profit (loss) $ 34,088 $ (43,217 ) $ — $ (9,129 ) (1) Represents intersegment sales to the Company’s retail operations. (2) Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations. (3) Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other income.
Schedule of total assets for each reportable segments	July 31, 2018 July 31, 2017 January 31, 2018 (In thousands) Wholesale $ 1,880,348 $ 1,670,243 $ 1,554,191 Retail 205,268 220,668 215,568 Corporate 151,018 151,140 145,418 Total Assets $ 2,236,634 $ 2,042,051 $ 1,915,177

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jul. 31, 2018
Equity [Abstract]
Schedule of stockholders equity	Six Months Ended 2018 2017 (In thousands) Balance at beginning of period $ 1,120,689 $ 1,021,236 Comprehensive income (loss) 11,897 (10,918 ) Equity awards exercised/vested, net 56 422 Share-based compensation expense 9,440 10,262 Adjustments related to tax withholding for share-based compensation (1,098 ) (7 ) Other (39 ) 39 ASC 606 cumulative effect to Retained Earnings opening balance (53,728 ) — Balance at end of period $ 1,087,217 $ 1,021,034

Basis of Presentation (Detail T

Basis of Presentation (Detail Textuals)	Jul. 31, 2018
Karl Lagerfeld Holding B.V. ("KLH")
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	19.00%
KL North America BV ("KLNA") and Fabco Holding B.V. ("Fabco")
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	49.00%

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018		Jul. 31, 2017
Assets
Accounts receivable, net	$ 447,576	$ 294,430	[1]	$ 287,570	[1]
Inventories	678,571	553,323		655,272
Prepaid expenses and other current assets	100,688	51,014		58,653
Deferred income tax assets, net	28,360	11,439		16,081
Liabilities
Accrued expenses	95,464	95,055		82,387
Customer refund liabilities	204,360
Equity
Retained earnings	640,774	$ 674,542		$ 593,501
Without Adoption of ASC 606
Assets
Accounts receivable, net	304,369
Inventories	714,793
Prepaid expenses and other current assets	68,422
Deferred income tax assets, net	11,816
Liabilities
Accrued expenses	94,018
Customer refund liabilities	0
Equity
Retained earnings	690,786
Impact of Adoption of ASC 606
Assets
Accounts receivable, net	143,207
Inventories, adjustments	(36,222)
Prepaid expenses and other current assets	32,266
Deferred income tax assets, net	16,544
Liabilities
Accrued expenses	1,446
Customer refund liabilities	204,360
Equity
Retained earnings, adjustments	$ (50,012)
[1]	Also, net of accrued returns and sales discounts

Revenue Recognition (Details 1)

Revenue Recognition (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017		Jul. 31, 2018	Jul. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	$ 624,698	$ 538,006	[1]	$ 1,236,441	$ 1,067,048	[1]
Cost of goods sold	393,154	335,016	[2]	770,370	662,343	[2]
Selling, general and administrative expenses	198,860	195,849		400,931	393,260
Operating profit	23,229	(3,595)		46,305	(9,129)
Income tax expense	2,914	$ (4,765)		6,034	(10,868)
Net income	$ 10,077			$ 19,962	$ (18,959)
Net income per common share
Basic (in dollars per share)	$ 0.20	$ (0.18)		$ 0.41	$ (0.39)
Diluted (in dollars per share)	$ 0.20	$ (0.18)		$ 0.40	$ (0.39)
Without Adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	$ 621,455			$ 1,240,796
Cost of goods sold	391,964			768,127
Selling, general and administrative expenses	203,963			412,686
Operating profit	16,073			41,148
Income tax expense	1,204			4,593
Net income	$ 4,631			$ 16,246
Net income per common share
Basic (in dollars per share)	$ 0.09			$ 0.33
Diluted (in dollars per share)	$ 0.09			$ 0.32
Impact of Adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales, adjustments	$ 3,243			$ (4,355)
Cost of goods sold	1,190			2,243
Selling, general and administrative expenses, adjustments	(5,103)			(11,755)
Operating profit	7,156			5,157
Income tax expense	1,710			1,441
Net income	$ 5,446			$ 3,716
Net income per common share
Basic (in dollars per share)	$ 0.11			$ 0.08
Diluted (in dollars per share)	$ 0.11			$ 0.08
[1]	Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.
[2]	Certain reclassifications have been made as a result of the Company's reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other income.

Revenue Recognition (Detail Tex

Revenue Recognition (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 31, 2018	Jul. 31, 2018	Feb. 01, 2018	Jan. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue recognized	$ 5,400	$ 4,600
Customer refund liability	204,360	204,360
Contract liability	5,200	5,200		$ 6,000
Impact of Adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Reduction in stockholders equity			$ 53,700
Customer refund liability	$ 204,360	$ 204,360

Inventories (Detail Textuals)

Inventories (Detail Textuals) - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018	Jul. 31, 2017
Inventory Disclosure [Abstract]
Anticipated inventory return asset	$ 36,200	$ 39,400	$ 20,800

Fair Value of Financial Instr30

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018	Jul. 31, 2017
Debt Instrument [Line Items]
Debt instruments, carrying value	$ 536,426	$ 437,003	$ 618,955
Term loan
Debt Instrument [Line Items]
Debt instruments, carrying value	300,000	300,000	300,000
Revolving credit facility
Debt Instrument [Line Items]
Debt instruments, carrying value	111,426	12,003	193,955
LVMH Note
Debt Instrument [Line Items]
Debt instruments, carrying value	125,000	125,000	$ 125,000
Level 2 | Term loan
Debt Instrument [Line Items]
Debt instruments, carrying value	300,000	300,000
Debt instruments, fair value	300,000	300,000
Level 2 | Revolving credit facility
Debt Instrument [Line Items]
Debt instruments, carrying value	111,426	12,003
Debt instruments, fair value	111,426	12,003
Level 3 | LVMH Note
Debt Instrument [Line Items]
Debt instruments, carrying value	94,100	91,667
Debt instruments, fair value	$ 85,000	$ 85,000

Net Income (Loss) per Common 31

Net Income (Loss) per Common Share - Reconciliation between basic and diluted net income per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Earnings per share
Net income (loss) (in dollars)	$ 10,077	$ (8,568)	$ 19,962	$ (18,959)
Basic net income (loss) per share:
Basic common shares	49,169	48,689	49,148	48,669
Basic net income (loss) per share (in dollars per share)	$ 0.20	$ (0.18)	$ 0.41	$ (0.39)
Diluted net income (loss) per share:
Basic common shares	49,169	48,689	49,148	48,669
Diluted restricted stock awards and stock options	1,246	0	1,124	0
Diluted common shares	50,415	48,689	50,272	48,669
Diluted net income (loss) per share (in dollars per share)	$ 0.20	$ (0.18)	$ 0.40	$ (0.39)

Net Income (Loss) per Common 32

Net Income (Loss) per Common Share (Detail Textuals) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Earnings per share
Common stock excluded from the diluted net income per share calculation	327	1,259	322	1,246

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands		Jul. 31, 2018	Jan. 31, 2018	Jul. 31, 2017
Debt Instrument [Line Items]
Subtotal		$ 536,426	$ 437,003	$ 618,955
Less: Net debt issuance costs	[1]	(11,320)	(12,626)	(13,932)
Debt discount		(30,900)	(33,333)	(36,189)
Total		494,206	391,044	568,834
Term loan
Debt Instrument [Line Items]
Subtotal		300,000	300,000	300,000
Revolving credit facility
Debt Instrument [Line Items]
Subtotal		111,426	12,003	193,955
Less: Net debt issuance costs		(8,300)	(9,500)	(10,800)
Note issued to LVMH
Debt Instrument [Line Items]
Subtotal		125,000	$ 125,000	$ 125,000
Debt discount		$ (40,000)
[1]	Does not include debt issuance costs, net of amortization, totaling $8.3 million, $10.8 million and $9.5 million as of July 31, 2018, July 31, 2017 and January 31, 2018, respectively, related to the revolving credit facility. The debt issuance costs have been deferred and are classified within prepaid expenses and other current assets in the accompanying Condensed Consolidated Balance Sheets as required under Accounting Standards Update ("ASU") 2015-15.

Notes Payable (Detail Textuals)

Notes Payable (Detail Textuals) - USD ($) $ in Thousands		Dec. 01, 2016	Jul. 31, 2018	Jan. 31, 2018	Jul. 31, 2017
Debt Instrument [Line Items]
Debt issuance costs	[1]		$ 11,320	$ 12,626	$ 13,932
Debt discount			$ 30,900	33,333	36,189
Term loan
Debt Instrument [Line Items]
Prepayment of principal amount		$ 50,000
Floor rate			1.00%
Applicable margin			5.25%
Debt instrument interest rate			7.24%
Interest rate terms			Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to the London Interbank Offered Rate ("LIBOR"), subject to a 1% floor, plus an applicable margin of 5.25% or an alternate base rate (defined as the greatest of (i) the "prime rate" as published by the Wall Street Journal from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus 4.25%, per annum, payable in cash. As of July 31, 2018, interest under the Term Loan was being paid at an average rate of 7.24% per annum.
Principal amount of debt			$ 350,000
Term loan | LIBOR plus
Debt Instrument [Line Items]
Spread interest rate			4.25%
Term loan | Federal funds rate plus
Debt Instrument [Line Items]
Spread interest rate			0.50%
Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing amount			$ 650,000
Debt instrument commitment fee percentage			0.25%
Term of credit agreement			5 years
Debt issuance costs			$ 8,300	$ 9,500	$ 10,800
Debt instrument interest rate			3.61%
Revolving credit facility | Long-term liabilities
Debt Instrument [Line Items]
Borrowings outstanding			$ 111,400
Revolving credit facility | Trade letters of credit
Debt Instrument [Line Items]
Borrowings outstanding			12,400
Revolving credit facility | Standby letters of credit
Debt Instrument [Line Items]
Borrowings outstanding			$ 3,400
Revolving credit facility | LIBOR plus | Minimum
Debt Instrument [Line Items]
Spread interest rate			1.25%
LIBOR rate for borrowing with an interest period of one month			0.25%
Revolving credit facility | LIBOR plus | Maximum
Debt Instrument [Line Items]
Spread interest rate			1.75%
LIBOR rate for borrowing with an interest period of one month			0.75%
Revolving credit facility | Federal funds rate plus
Debt Instrument [Line Items]
Spread interest rate			0.50%
LVMH Note
Debt Instrument [Line Items]
Debt instrument interest rate			2.00%
Principal amount of debt			$ 125,000
Debt discount			40,000
LVMH Note | Notes Payable due on June 1, 2023
Debt Instrument [Line Items]
Principal amount of debt			75,000
LVMH Note | Notes Payable due on December 1, 2023
Debt Instrument [Line Items]
Principal amount of debt			$ 50,000
[1]	Does not include debt issuance costs, net of amortization, totaling $8.3 million, $10.8 million and $9.5 million as of July 31, 2018, July 31, 2017 and January 31, 2018, respectively, related to the revolving credit facility. The debt issuance costs have been deferred and are classified within prepaid expenses and other current assets in the accompanying Condensed Consolidated Balance Sheets as required under Accounting Standards Update ("ASU") 2015-15.

Segments - Information regardin

Segments - Information regarding reportable segments (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jul. 31, 2018	Jul. 31, 2017		Jul. 31, 2018	Jul. 31, 2017
Segment Reporting Information [Line Items]
Net sales		$ 624,698	$ 538,006	[1]	$ 1,236,441	$ 1,067,048	[1]
Cost of goods sold		393,154	335,016	[2]	770,370	662,343	[2]
Gross profit		231,544	202,990		466,071	404,705
Selling, general and administrative expenses		198,860	195,849		400,931	393,260
Depreciation and amortization		9,455	10,736		18,835	20,574
Operating profit (loss)		23,229	(3,595)		46,305	(9,129)
Operating Segments | Wholesale
Segment Reporting Information [Line Items]
Net sales		544,597	467,769	[1]	1,072,270	921,083	[1]
Cost of goods sold		362,756	316,435	[2]	704,331	614,737	[2]
Gross profit		181,841	151,334		367,939	306,346
Selling, general and administrative expenses		136,178	128,484		272,591	258,644
Depreciation and amortization		7,348	7,229		14,483	13,614
Operating profit (loss)		38,315	15,621		80,865	34,088
Operating Segments | Retail
Segment Reporting Information [Line Items]
Net sales		106,662	106,436	[1]	211,181	205,620	[1]
Cost of goods sold		56,959	54,780	[2]	113,049	107,261	[2]
Gross profit		49,703	51,656		98,132	98,359
Selling, general and administrative expenses		62,682	67,365		128,340	134,616
Depreciation and amortization		2,107	3,507		4,352	6,960
Operating profit (loss)		(15,086)	(19,216)		(34,560)	(43,217)
Elimination
Segment Reporting Information [Line Items]
Net sales	[3]	(26,561)	(36,199)	[1]	(47,010)	(59,655)	[1]
Cost of goods sold	[3]	(26,561)	(36,199)	[2]	(47,010)	(59,655)	[2]
Gross profit	[3]	0	0		0	0
Selling, general and administrative expenses	[3]	0	0		0	0
Depreciation and amortization	[3]	0	0		0	0
Operating profit (loss)	[3]	$ 0	$ 0		$ 0	$ 0
[1]	Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.
[2]	Certain reclassifications have been made as a result of the Company's reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other income.
[3]	Represents intersegment sales to the Company's retail operations.

Segments - Information of total

Segments - Information of total assets for company's reportable segments (Details 1) - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018	Jul. 31, 2017
Segment Reporting Information [Line Items]
Total Assets	$ 2,236,634	$ 1,915,177	$ 2,042,051
Corporate
Segment Reporting Information [Line Items]
Total Assets	151,018	145,418	151,140
Operating Segments | Wholesale
Segment Reporting Information [Line Items]
Total Assets	1,880,348	1,554,191	1,670,243
Operating Segments | Retail
Segment Reporting Information [Line Items]
Total Assets	$ 205,268	$ 215,568	$ 220,668

Segments (Detail Textuals)

Segments (Detail Textuals)	6 Months Ended
	Jul. 31, 2018Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period			$ 1,120,689	$ 1,021,236
Comprehensive income (loss)	$ (1,424)	$ (595)	11,897	(10,918)
Equity awards exercised/vested, net			56	422
Share-based compensation expense			9,440	10,262
Adjustments related to tax withholding for share-based compensation			(1,098)	(7)
Other			(39)	39
ASC 606 cumulative effect to Retained Earnings opening balance			(53,728)	0
Balance at end of period	$ 1,087,217	$ 1,021,034	$ 1,087,217	$ 1,021,034

Stockholders' Equity (Detail Te

Stockholders' Equity (Detail Textuals) - shares	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Equity [Abstract]
Common stock, shares issued	13,276	20,637	19,276	34,912
Treasury stock, shares utilized of equity awards	12,738	26,030	47,253	32,830

Final Tax Adjustment of Donna40

Final Tax Adjustment of Donna Karan International acquisition (Detail Textuals) $ in Millions	Feb. 05, 2018USD ($)
LVMH
Business Acquisition [Line Items]
Final tax adjustment	$ 4.6

Canadian Customs Duty Examina41

Canadian Customs Duty Examination (Detail Textuals) - CBSA $ in Millions, $ in Millions	Mar. 14, 2018USD ($)	Mar. 14, 2018CAD ($)	Jul. 31, 2018USD ($)	Jul. 31, 2018CAD ($)	Jul. 31, 2018USD ($)	Jul. 31, 2018CAD ($)
Canadian Customs Duty Examination [Line Items]
Value of bond issued for prepayments of additional duties	$ 20.9	$ 26.9
Amendment in prepayments of additional duties	$ 1.1	$ 1.4
Deferred higher dutiable value			$ 2.6	$ 3.4	$ 4.5	$ 5.8

Subsequent Event (Detail Textua

Subsequent Event (Detail Textuals) - USD ($)	1 Months Ended
	Aug. 31, 2017	Aug. 31, 2018	Aug. 07, 2018
Subsequent Event [Line Items]
Percent of interest acquired in joint venture	49.00%
Amount of contribution required for joint venture	$ 49,000
Subsequent Event
Subsequent Event [Line Items]
Amount of contribution required for joint venture			$ 9,900,000
Amlon Capital B.V.
Subsequent Event [Line Items]
Percent of interest acquired in joint venture	51.00%
Equity issued in joint venture	$ 25,000,000
Amlon Capital B.V. | Subsequent Event
Subsequent Event [Line Items]
Amount of contribution required for joint venture		$ 10,000,000