G-III Apparel (GIII) 10-Q 10 Jun 19 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2019	Jun. 05, 2019
Document And Entity Information Abstract
Entity Registrant Name	G III APPAREL GROUP LTD /DE/
Entity Central Index Key	0000821002
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock Shares Outstanding		48,939,190
Document Type	10-Q
Document Period End Date	Apr. 30, 2019
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Current assets
Cash and cash equivalents	$ 48,312	$ 70,138	$ 71,048
Accounts receivable, net of allowance for doubtful accounts	478,371	502,133	429,146
Inventories	538,955	576,383	463,463
Prepaid income taxes	9,369	8,308	2,132
Prepaid expenses and other current assets	96,545	96,933	102,072
Total current assets	1,171,552	1,253,895	1,067,861
Investments in unconsolidated affiliates	63,361	66,587	63,161
Property and equipment, net	89,848	86,407	95,269
Operating lease assets	320,169
Other assets, net	35,663	35,459	33,709
Other intangibles, net	41,486	42,404	45,406
Deferred income tax assets, net	25,212	22,427	27,982
Trademarks	438,675	439,742	443,900
Goodwill	260,578	261,137	263,275
Total assets	2,446,544	2,208,058	2,040,563
Current liabilities
Income tax payable	3,588	8,859
Accounts payable	172,806	225,499	152,854
Accrued expenses	78,619	102,841	86,058
Customer refund liabilities	210,310	243,589	214,693
Current operating lease liabilities	74,761
Other current liabilities	147
Total current liabilities	540,231	580,788	453,605
Notes payable, net of discount and unamortized issuance costs	411,087	386,604	448,263
Deferred income tax liabilities, net	14,777	15,128	16,388
Noncurrent operating lease liabilities	286,663
Other non-current liabilities	6,960	36,529	39,383
Total liabilities	1,259,718	1,019,049	957,639
Stockholders' Equity
Preferred stock; 1,000 shares authorized; no shares issued
Common stock - $0.01 par value; 120,000 shares authorized; 49,393, 49,225 and, 49,387 shares issued, respectively	264	264	262
Additional paid-in capital	456,835	464,112	454,398
Accumulated other comprehensive loss	(18,421)	(15,194)	(2,086)
Retained earnings	761,344	758,881	630,633
Common stock held in treasury, at cost - 470, 72 and 678 shares, respectively	(13,196)	(19,054)	(283)
Total stockholders' equity	1,186,826	1,189,009	1,082,924
Total liabilities and stockholders' equity	$ 2,446,544	$ 2,208,058	$ 2,040,563

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Statement Of Financial Position [Abstract]
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued	0	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	120,000,000	120,000,000	120,000,000
Common stock, shares issued	49,393,000	49,387,000	49,225,000
Treasury stock, shares	470,000	678,000	72,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Income Statement [Abstract]
Net sales	$ 633,552	$ 611,743
Cost of goods sold	397,488	377,216
Gross profit	236,064	234,527
Selling, general and administrative expenses	201,859	202,071
Depreciation and amortization	9,473	9,380
Gain on lease terminations	(829)
Operating profit	25,561	23,076
Other loss	(648)	(451)
Interest and financing charges, net	(10,320)	(9,620)
Income before income taxes	14,593	13,005
Income tax expense	2,550	3,120
Net income	$ 12,043	$ 9,885
Basic:
Net income per common share (in dollars per share)	$ 0.25	$ 0.20
Weighted average number of shares outstanding (in shares)	48,781	49,127
Diluted:
Net income per common share (in dollars per share)	$ 0.24	$ 0.20
Weighted average number of shares outstanding (in shares)	49,774	50,137
Net income	$ 12,043	$ 9,885
Other comprehensive income:
Foreign currency translation adjustments	(3,227)	3,436
Other comprehensive income (loss)	(3,227)	3,436
Comprehensive income	$ 8,816	$ 13,321

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Cash flows from operating activities
Net income	$ 12,043	$ 9,885
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	9,473	9,380
Loss on disposal of fixed assets	1,154	53
Operating lease assets	20,284
Gain on lease terminations	(829)
Dividend received from equity investment	1,960
Equity (gain)/loss in unconsolidated affiliates	(358)	1,339
Share-based compensation	4,227	3,774
Deferred financing charges and debt discount amortization	2,596	2,468
Deferred income taxes	6
Changes in operating assets and liabilities:
Accounts receivable, net	23,762	(134,589)
Inventories	37,428	90,182
Income taxes, net	(6,302)	(6,838)
Prepaid expenses and other current assets	224	(62,334)
Other assets, net	(1,195)	(4,161)
Customer refund liabilities	(33,279)	148,101
Operating lease liabilities	(21,544)
Accounts payable, accrued expenses and other liabilities	(74,979)	(81,575)
Net cash used in operating activities	(25,329)	(24,315)
Cash flows from investing activities
Capital expenditures	(13,291)	(5,330)
Net cash used in investing activities	(13,291)	(5,330)
Cash flows from financing activities
Repayment of borrowings - revolving facility	(482,496)	(464,453)
Proceeds from borrowings - revolving facility	505,005	519,827
Proceeds from exercise of equity awards	40	56
Taxes paid for net share settlements	(5,686)	(1,085)
Net cash provided by financing activities	16,863	54,345
Foreign currency translation adjustments	(69)	572
Net increase (decrease) in cash and cash equivalents	(21,826)	25,272
Cash and cash equivalents at beginning of period	70,138	45,776
Cash and cash equivalents at end of period	48,312	71,048
Cash payments:
Interest, net	7,542	6,578
Income tax payments, net	$ 8,844	$ 9,930

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2019
Basis of Presentation [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 its proprietary brands under several product categories. The Company consolidates the accounts of its wholly-owned and majority-owned subsidiaries. KL North America B.V. (“KLNA”) and Fabco Holding B.V. (“Fabco”) are Dutch joint venture limited liability companies that are 49% owned by the Company. Karl Lagerfeld Holding B.V. 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, KLH, KLNA and Fabco 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, KLH, KLNA and Fabco are, and will be, included in the financial statements for the quarter ended or ending closest to the Company’s fiscal quarter. For example, with respect to the Company’s results for the three-month period ended April 30, 2019, the results of Vilebrequin, KLH, KLNA and Fabco are included for the three-month period ended March 31, 2019 . The Company’s retail operations segment reports on a 52/53‑week fiscal year. The Company’s three month periods ended April 30, 2019 and 2018 were each 13‑week fiscal quarters for the retail operations segment. For fiscal 2020 and 2019, the three month period for the retail operations segment ended on May 4, 2019 and May 5, 2018, respectively. The results for the three months ended April 30, 2019 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, 2019 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 loss within stockholders’ equity.

Inventories

Inventories	3 Months Ended
	Apr. 30, 2019
Inventories [Abstract]
Inventories	Note 2 – Inventories Wholesale inventories, which comprise a significant portion of the Company’s inventory, are stated at the lower of cost (determined by the first-in, first-out method) or net realizable value. 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. Substantially all of the Company’s inventories consist of finished goods. The inventory return asset, which consists of the amount of goods that are anticipated to be returned by customers, represented $35.5 million, $42.4 million and $39.4 million as of April 30, 2019, January 31, 2019 and April 30, 2018, respectively. The inventory return asset is recorded within prepaid expenses and other current assets. Inventory held on consignment by the Company’s customers totaled $3.8 million, $4.9 million and $2.9 million at April 30, 2019, January 31, 2019 and April 30, 2018, respectively. The Company retains the title to its inventory stored at its customers’ facilities.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Apr. 30, 2019
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 3 – Fair Value of Financial Instruments Generally Accepted Accounting Principles 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 April 30, April 30, January 31, April 30, April 30, January 31, Financial Instrument Level 2019 2018 2019 2019 2018 2019 (In thousands) Term loan 2 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 Revolving credit facility 2 22,509 67,377 — 22,509 67,377 — Note issued to LVMH 3 97,938 92,860 96,618 90,065 85,000 88,608 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. The 2% note issued to LVMH Moet Hennessy Louis Vuitton Inc. (“LVMH”) in connection with the acquisition of Donna Karan International (“DKI”) was issued at a discount of $40.0 million in accordance with Accounting Standards Codification (“ASC”) 820 – Fair Value Measurements . For purposes of this fair value disclosure, the Company based its fair value estimate for the note issued to LVMH on the initial fair value as determined at the date of the acquisition of DKI and records the amortization using the effective interest method over the term of the note. Non-Financial Assets and Liabilities The Company’s non-financial assets, which primarily consist of operating lease assets, 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. During the three months ended April 30, 2019, the Company recorded a $9.6 million, net of tax, impairment in connection with the adoption of ASC 842 – Leases (“ASC 842”) that was recognized through retained earnings.

Leases

Leases	3 Months Ended
	Apr. 30, 2019
Leases [Abstract]
Leases	Note 4 – Leases On February 1, 2019, the Company adopted ASC 842 using the optional transition method to apply the standard as of the effective date and therefore, the standard has not been applied to the comparative periods presented in its financial statements. The Company has elected the transition package of three practical expedients permitted within the standard, which eliminates the requirements to reassess prior conclusions about lease identification, lease classification, and initial direct costs. The hindsight practical expedient, which permits the use of hindsight when determining lease term and impairment of right-of-use assets has not been elected. Further, the Company elected the short-term lease exception policy, permitting it to not apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of 12 months or less) and an accounting policy to account for lease and non-lease components as a single component. The Company determines whether an arrangement is or contains a lease at contract inception. The Company leases certain retail stores, warehouses, distribution centers, office space, and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. Total rent payable is recorded during the lease term, including rent escalations in which the amount of future rent is certain or fixed on the straight-line basis over the term of the lease (including any rent holiday periods beginning upon control of the premises, and any fixed payments stated in the lease). For leases with an initial term greater than 12 months, a lease liability is recorded on the balance sheet at the present value of future payments discounted at the incremental borrowing rate (discount rate) corresponding with the lease term. An operating lease asset is recorded based on the initial amount of the lease liability, plus any lease payments made to the lessor before or at the lease commencement date and any initial direct costs incurred, less any tenant improvement allowance incentives received. The difference between the minimum rents paid and the straight-line rent (deferred rent) is reflected within the associated operating lease asset. The lease classification evaluation begins at the commencement date. The lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option would result in an economic penalty. All retail store, warehouse, distribution center, and office leases are classified as operating leases. The Company does not have any finance leases. Operating lease expense is generally recognized on a straight-line basis over the lease term. Certain leases contain provisions that require contingent rent payments based upon sales volume (variable lease cost). Contingent rent is accrued each period as the liabilities are incurred. Most leases are for a term of one to ten years. Some leases include one or more options to renew, with renewal terms that can extend the lease term from one to ten years. Several of the Company’s retail store leases include an option to terminate the lease based on a certain specified sales volume. The exercise of lease renewal and termination options are generally at the Company’s sole discretion. Certain of the Company’s lease agreements include rental payments based on a percentage of retail sales over contractual levels and others include rental payments adjusted periodically for inflation. The Company’s leases do not contain any material residual value guarantees or material restrictive covenants. The Company’s lease assets and liabilities as of April 30, 2019 consist of the following: Leases Classification April 30, 2019 (In thousands) Assets Operating Operating lease assets $ 320,169 Total lease assets $ 320,169 Liabilities Current operating Current operating lease liabilities $ 74,761 Noncurrent operating Noncurrent operating lease liabilities 286,663 Total lease liabilities $ 361,424 The Company’s leases do not provide the rate of interest implicit in the lease. Therefore, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. For transition purposes, the incremental borrowing rate on February 1, 2019 was used for operating leases that commenced prior to that date. The Company recorded lease costs of $25 million during the three months ended April 30, 2019. Lease costs are recorded within selling, general and administrative expenses in the Company’s condensed consolidated statements of income and comprehensive income. The Company recorded variable lease costs and short-term lease costs of $2.2 million for the three months ended April 30, 2019. Short-term lease costs are immaterial. As of April 30, 2019, the Company’s maturity of operating lease liabilities in the years ending up to January 31, 2024 and thereafter are as follows: Year Ending January 31, Amount (In thousands) 2020 $ 75,311 2021 88,230 2022 74,555 2023 65,751 2024 53,097 After 2024 86,444 Total lease payments $ 443,388 Less: Interest 81,964 Present value of lease liabilities $ 361,424 As of April 30, 2019, there are no material leases that are legally binding but have not commenced yet. As of April 30, 2019, the weighted average remaining lease term related to operating leases is 5.3 years. The weighted average discount rate related to operating leases is 7.7%. Cash paid for amounts included in the measurement of operating lease liabilities is $ 26.4 million as of April 30, 2019.

Net Income per Common Share

Net Income per Common Share	3 Months Ended
	Apr. 30, 2019
Net Income per Common Share
Net Income per Common Share	Note 5 – Net Income per Common Share Basic net income per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock awards and unexercised stock options outstanding during the period. Approximately 355,900 and 341,700 shares of common stock have been excluded from the diluted net income per share calculation for the three months ended April 30, 2019 and 2018, respectively. In addition, 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 per share: Three Months Ended April 30, 2019 2018 (In thousands, except per share amounts) Net income $ 12,043 $ 9,885 Basic net income per share: Basic common shares 48,781 49,127 Basic net income per share $ 0.25 $ 0.20 Diluted net income per share: Basic common shares 48,781 49,127 Diluted restricted stock awards and stock options 993 1,010 Diluted common shares 49,774 50,137 Diluted net income per share $ 0.24 $ 0.20

Notes Payable

Notes Payable	3 Months Ended
	Apr. 30, 2019
Notes Payable [Abstract]
Notes Payable	Note 6 – Notes Payable Long-term debt consists of the following: April 30, 2019 April 30, 2018 January 31, 2019 (In thousands) Term loan $ 300,000 $ 300,000 $ 300,000 Revolving credit facility 22,509 67,377 — Note issued to LVMH 125,000 125,000 125,000 Subtotal 447,509 492,377 425,000 Less: Net debt issuance costs (1) (9,360) (11,974) (10,014) Debt discount (27,062) (32,140) (28,382) Total $ 411,087 $ 448,263 $ 386,604 (1) Does not include debt issuance costs, net of amortization, totaling $6.4 million, $8.9 million and $7.1 million as of April 30, 2019, April 30, 2018 and January 31, 2019, respectively, related to the revolving credit facility. These debt issuance costs have been deferred and are classified in prepaid expenses and other current assets in the accompanying Condensed Consolidated Balance Sheets in accordance with 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 will mature 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 April 30, 2019, interest under the Term Loan was being paid at an average rate of 7.76% 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 Term Loan 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 within the agreement. A first lien leverage covenant requires the Company to maintain a level of debt to EBITDA at a ratio as defined over the term of the agreement. As of April 30, 2019, the Company was in compliance with these covenants. Revolving Credit Facility Upon closing of the acquisition of DKI, the Company’s prior 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 April 30, 2019, interest under the revolving credit agreement was being paid at an average rate of 4.52% 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 available commitments. As of April 30, 2019, the Company had $22.5 million of borrowings outstanding under the revolving credit facility, all of which are classified as long-term liabilities. As of April 30, 2019, there were outstanding trade and standby letters of credit amounting to $14.7 million and $3.4 million, respectively. LVMH Note As part of the consideration for the acquisition of DKI, the Company issued to 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 at issuance. As a result, the Company recorded a $40.0 million debt discount. This discount is being amortized as interest expense using the effective interest method over the term of the LVMH Note.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Apr. 30, 2019
Revenue Recognition [Abstract]
Revenue Recognition	Note 7 – Revenue Recognition Disaggregation of Revenue In accordance with ASC 606, the Company elected to disclose its revenues by segment. Each segment has 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 as distinct sources of revenue. Wholesale Operations Segment. Wholesale revenues include sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin business. Wholesale revenues from sales of products are recognized when control transfers to the customer. The Company considers control to have been transferred when the Company has transferred physical possession of the product, the Company has a right to payment for the product, the customer has legal title to the product and the customer has the significant risks and rewards of the product. Wholesale revenues are adjusted by variable considerations arising from implicit or explicit obligations. Wholesale revenues also include royalty revenues from license agreements related to our owned trademarks including DKNY, Donna Karan, Vilebrequin, G.H. Bass and Andrew Marc. As of April 30, 2019, revenues from license agreements represented an insignificant portion of wholesale revenues. Retail Operations Segment. Retail store revenues are generated by direct sales to consumers through company-operated stores and product sales through the Company’s owned websites for the DKNY, Donna Karan, Wilsons, G.H. Bass, Andrew Marc and Karl Lagerfeld Paris businesses. Retail stores primarily consist of Wilsons Leather, G.H. Bass and DKNY retail stores, substantially all of which are operated as outlet stores. Retail operations segment revenues are recognized at the point of sale when the customer takes possession of the goods and tenders payment. E-commerce revenues primarily consist of sales to consumers through the Company’s e-commerce platforms. E-commerce revenue is recognized when a customer takes possession of the goods. Retail sales are recorded net of applicable sales tax. Contract Liabilities The Company’s contract liabilities, which are recorded within accrued expenses in the accompanying Condensed Consolidated Balance Sheets, primarily consist of gift card liabilities and advance payments from licensees. In some of its retail concepts, the Company also offers a limited loyalty program where customers accumulate points redeemable for cash discount certificates that expire 90 days after issuance. Total contract liabilities were $6.3 million, $1.8 million and $6.4 million at April 30, 2019, April 30, 2018 and January 31, 2019, respectively. The Company recognized $4.3 million in revenue for the three months ended April 30, 2019, which related to contract liabilities that existed at January 31, 2019. The Company recognized $3.3 million in revenue for the three months ended April 30, 2018, which related to contract liabilities that existed at January 31, 2018. There were no contract assets recorded as of April 30, 2019, April 30, 2018 and January 31, 2019. Substantially all of the advance payments from licenses as of April 30, 2019 are expected to be recognized as revenue within the next twelve months.

Segments

Segments	3 Months Ended
	Apr. 30, 2019
Segments [Abstract]
Segments	Note 8 – Segments 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, as well as sales related to the Vilebrequin business. Wholesale revenues also include royalty revenues from license agreements related to our owned trademarks including Donna Karan, DKNY, Vilebrequin, G.H. Bass and Andrew Marc. The retail operations segment consists primarily of the Wilsons Leather, G.H. Bass and DKNY stores, as well as a smaller 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 segment information is presented for the three-month periods indicated below: Three Months Ended April 30, 2019 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 570,639 $ 81,904 $ (18,991) $ 633,552 Cost of goods sold 371,580 44,899 (18,991) 397,488 Gross profit 199,059 37,005 — 236,064 Selling, general and administrative expenses 147,258 54,601 — 201,859 Depreciation and amortization 7,522 1,951 — 9,473 Gain on lease terminations — (829) — (829) Operating profit (loss) $ 44,279 $ (18,718) $ — $ 25,561 Three Months Ended April 30, 2018 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 527,673 $ 104,519 $ (20,449) $ 611,743 Cost of goods sold 341,575 56,090 (20,449) 377,216 Gross profit 186,098 48,429 — 234,527 Selling, general and administrative expenses 136,413 65,658 — 202,071 Depreciation and amortization 7,136 2,244 — 9,380 Operating profit (loss) $ 42,549 $ (19,473) $ — $ 23,076 (1) Represents intersegment sales to the Company’s retail operations segment. The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows: April 30, 2019 April 30, 2018 January 31, 2019 (In thousands) Wholesale $ 1,813,238 $ 1,655,714 $ 1,834,610 Retail 376,619 211,475 190,996 Corporate 256,687 173,374 182,452 Total assets $ 2,446,544 $ 2,040,563 $ 2,208,058

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Apr. 30, 2019
Stockholders' Equity [Abstract]
Stockholders' Equity	Note 9 – Stockholders’ Equity Accumulated Common Additional Other Stock Common Paid-In Comprehensive Retained Held In Stock Capital Loss Earnings Treasury Total (In thousands) Balance as of January 31, 2019 $ 264 $ 464,112 $ (15,194) $ 758,881 $ (19,054) $ 1,189,009 Equity awards exercised/vested, net — (5,818) — — 5,858 40 Share-based compensation expense — 4,227 — — — 4,227 Taxes paid for net share settlements — (5,686) — — — (5,686) Other comprehensive loss, net — — (3,227) — — (3,227) Cumulative effect of adoption of ASC 842 — — — (9,580) — (9,580) Net income — — — 12,043 — 12,043 Balance as of April 30, 2019 $ 264 $ 456,835 $ (18,421) $ 761,344 $ (13,196) $ 1,186,826 Accumulated Common Additional Other Stock Common Paid-In Comprehensive Retained Held In Stock Capital Loss Earnings Treasury Total (In thousands) Balance as of January 31, 2018 $ 245 $ 451,844 $ (5,522) $ 674,542 $ (420) $ 1,120,689 Equity awards exercised/vested, net 17 (98) — — 137 56 Share-based compensation expense — 3,774 — — — 3,774 Taxes paid for net share settlements — (1,085) — — — (1,085) Other comprehensive gain, net — (37) 3,436 (66) — 3,333 Cumulative effect of adoption of ASC 606 — — — (53,728) — (53,728) Net income — — — 9,885 — 9,885 Balance as of April 30, 2018 $ 262 $ 454,398 $ (2,086) $ 630,633 $ (283) $ 1,082,924 For the three months ended April 30, 2019, the Company issued no shares of common stock and utilized 207,325 shares of treasury stock in connection with the vesting of equity awards. For the three months ended April 30, 2018, the Company issued 6,000 shares of common stock and utilized 34,515 shares of treasury stock in connection with the exercise or vesting of equity awards.

Canadian Customs Duty Examinati

Canadian Customs Duty Examination	3 Months Ended
	Apr. 30, 2019
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”), a wholly-owned subsidiary of the Company. 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. In March 2018, G-III Canada provided a bond to guarantee payment to the CBSA for additional duties payable as a result of the reassessment required by the final audit report. The Company secured 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. This amount was paid to the CBSA. Beginning February 1, 2018, the Company began paying duties based on the new valuation method. Expense amounts deferred for the three months ended April 30, 2019, related to the higher dutiable values, were CAD$1.6 million ($ 1.2 million). Cumulative expense amounts deferred through April 30, 2019, related to the higher dutiable values, were CAD$12.4 million ($9.2 million). 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. Effective June 1, 2019, G-III commenced paying based on the dutiable value of G-III Canada’s imports based on the pre-audit levels. G-III will continue to defer the additional duty paid through the month of May 2019 pending the final outcome of the appeal.

Recent Adopted and Issued Accou

Recent Adopted and Issued Accounting Pronouncements	3 Months Ended
	Apr. 30, 2019
Recent Adopted and Issued Accounting Pronouncements [Abstract]
Recent Adopted and Issued Accounting Pronouncements	Note 11 – Recent Adopted and Issued Accounting Pronouncements Recently Adopted Accounting Guidance In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” 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 certain adjustments. The Company adopted ASU 2016-02 during the first quarter of fiscal 2020 using the optional transition method to apply the standard as of the effective date. As a result of adopting this standard, as of February 1, 2019, the Company recognized operating lease liabilities of $ 384.5 million and corresponding operating lease assets of $341.2 million. In addition, the Company recorded a $ 9.6 million impairment of the operating lease assets, net of tax, at adoption. The impairment was recorded as a reduction to retained earnings. 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. The Company adopted ASU 2018‑07 during the first quarter of fiscal 2020. The adoption did not have an impact on the Company’s 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 Tax Cut and Jobs Act is recorded. The Company adopted ASU 2018‑02 during the first quarter of fiscal 2020. The adoption did not have an impact on the Company’s condensed consolidated financial statements. Issued Accounting Guidance Being Evaluated for Adoption In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” which makes a number of changes meant to add, modify or remove certain disclosure requirements associated with the movement among or hierarchy associated with Level 1, Level 2 and Level 3 fair value measurements. The amendments in ASU 2018-13 modify the disclosure requirements with respect to fair value measurements based on the concepts in FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements, including the consideration of costs and benefits. The amendments to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the potential impact of

Recent Adopted and Issued Acc_2

Recent Adopted and Issued Accounting Pronouncements (Policies)	3 Months Ended
	Apr. 30, 2019
Recent Adopted and Issued Accounting Pronouncements [Abstract]
Recent Adopted and Issued Accounting Pronouncements	Recent Adopted and Issued Accounting Pronouncements Recently Adopted Accounting Guidance In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” 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 certain adjustments. The Company adopted ASU 2016-02 during the first quarter of fiscal 2020 using the optional transition method to apply the standard as of the effective date. As a result of adopting this standard, as of February 1, 2019, the Company recognized operating lease liabilities of $ 384.5 million and corresponding operating lease assets of $341.2 million. In addition, the Company recorded a $ 9.6 million impairment of the operating lease assets, net of tax, at adoption. The impairment was recorded as a reduction to retained earnings. 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. The Company adopted ASU 2018‑07 during the first quarter of fiscal 2020. The adoption did not have an impact on the Company’s 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 Tax Cut and Jobs Act is recorded. The Company adopted ASU 2018‑02 during the first quarter of fiscal 2020. The adoption did not have an impact on the Company’s condensed consolidated financial statements. Issued Accounting Guidance Being Evaluated for Adoption In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” which makes a number of changes meant to add, modify or remove certain disclosure requirements associated with the movement among or hierarchy associated with Level 1, Level 2 and Level 3 fair value measurements. The amendments in ASU 2018-13 modify the disclosure requirements with respect to fair value measurements based on the concepts in FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements, including the consideration of costs and benefits. The amendments to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the potential impact of

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Apr. 30, 2019
Fair Value of Financial Instruments [Abstract]
Schedule of carrying values and estimated fair values of debt instruments	Carrying Value Fair Value April 30, April 30, January 31, April 30, April 30, January 31, Financial Instrument Level 2019 2018 2019 2019 2018 2019 (In thousands) Term loan 2 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 Revolving credit facility 2 22,509 67,377 — 22,509 67,377 — Note issued to LVMH 3 97,938 92,860 96,618 90,065 85,000 88,608

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 30, 2019
Leases [Abstract]
Schedule of lease assets and liabilities	Leases Classification April 30, 2019 (In thousands) Assets Operating Operating lease assets $ 320,169 Total lease assets $ 320,169 Liabilities Current operating Current operating lease liabilities $ 74,761 Noncurrent operating Noncurrent operating lease liabilities 286,663 Total lease liabilities $ 361,424
Schedule of maturity of operating lease liabilities	Year Ending January 31, Amount (In thousands) 2020 $ 75,311 2021 88,230 2022 74,555 2023 65,751 2024 53,097 After 2024 86,444 Total lease payments $ 443,388 Less: Interest 81,964 Present value of lease liabilities $ 361,424

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
	Apr. 30, 2019
Net Income per Common Share
Schedule of reconciliation between basic and diluted net income per share	The following table reconciles the numerators and denominators used in the calculation of basic and diluted net income per share: Three Months Ended April 30, 2019 2018 (In thousands, except per share amounts) Net income $ 12,043 $ 9,885 Basic net income per share: Basic common shares 48,781 49,127 Basic net income per share $ 0.25 $ 0.20 Diluted net income per share: Basic common shares 48,781 49,127 Diluted restricted stock awards and stock options 993 1,010 Diluted common shares 49,774 50,137 Diluted net income per share $ 0.24 $ 0.20

Notes Payable (Tables)

Notes Payable (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Payable [Abstract]
Schedule of long-term debt	Long-term debt consists of the following: April 30, 2019 April 30, 2018 January 31, 2019 (In thousands) Term loan $ 300,000 $ 300,000 $ 300,000 Revolving credit facility 22,509 67,377 — Note issued to LVMH 125,000 125,000 125,000 Subtotal 447,509 492,377 425,000 Less: Net debt issuance costs (1) (9,360) (11,974) (10,014) Debt discount (27,062) (32,140) (28,382) Total $ 411,087 $ 448,263 $ 386,604 (1) Does not include debt issuance costs, net of amortization, totaling $6.4 million, $8.9 million and $7.1 million as of April 30, 2019, April 30, 2018 and January 31, 2019, respectively, related to the revolving credit facility. These debt issuance costs have been deferred and are classified in prepaid expenses and other current assets in the accompanying Condensed Consolidated Balance Sheets in accordance with Accounting Standards Update (“ASU”) 2015‑15.

Segments (Tables)

Segments (Tables)	3 Months Ended
	Apr. 30, 2019
Segments [Abstract]
Schedule of information regarding reportable segments	The following segment information is presented for the three-month periods indicated below: Three Months Ended April 30, 2019 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 570,639 $ 81,904 $ (18,991) $ 633,552 Cost of goods sold 371,580 44,899 (18,991) 397,488 Gross profit 199,059 37,005 — 236,064 Selling, general and administrative expenses 147,258 54,601 — 201,859 Depreciation and amortization 7,522 1,951 — 9,473 Gain on lease terminations — (829) — (829) Operating profit (loss) $ 44,279 $ (18,718) $ — $ 25,561 Three Months Ended April 30, 2018 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 527,673 $ 104,519 $ (20,449) $ 611,743 Cost of goods sold 341,575 56,090 (20,449) 377,216 Gross profit 186,098 48,429 — 234,527 Selling, general and administrative expenses 136,413 65,658 — 202,071 Depreciation and amortization 7,136 2,244 — 9,380 Operating profit (loss) $ 42,549 $ (19,473) $ — $ 23,076 (1) Represents intersegment sales to the Company’s retail operations segment.
Schedule of total assets for each reportable segments	The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows: April 30, 2019 April 30, 2018 January 31, 2019 (In thousands) Wholesale $ 1,813,238 $ 1,655,714 $ 1,834,610 Retail 376,619 211,475 190,996 Corporate 256,687 173,374 182,452 Total assets $ 2,446,544 $ 2,040,563 $ 2,208,058

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Apr. 30, 2019
Stockholders' Equity [Abstract]
Schedule of stockholders equity	Accumulated Common Additional Other Stock Common Paid-In Comprehensive Retained Held In Stock Capital Loss Earnings Treasury Total (In thousands) Balance as of January 31, 2019 $ 264 $ 464,112 $ (15,194) $ 758,881 $ (19,054) $ 1,189,009 Equity awards exercised/vested, net — (5,818) — — 5,858 40 Share-based compensation expense — 4,227 — — — 4,227 Taxes paid for net share settlements — (5,686) — — — (5,686) Other comprehensive loss, net — — (3,227) — — (3,227) Cumulative effect of adoption of ASC 842 — — — (9,580) — (9,580) Net income — — — 12,043 — 12,043 Balance as of April 30, 2019 $ 264 $ 456,835 $ (18,421) $ 761,344 $ (13,196) $ 1,186,826 Accumulated Common Additional Other Stock Common Paid-In Comprehensive Retained Held In Stock Capital Loss Earnings Treasury Total (In thousands) Balance as of January 31, 2018 $ 245 $ 451,844 $ (5,522) $ 674,542 $ (420) $ 1,120,689 Equity awards exercised/vested, net 17 (98) — — 137 56 Share-based compensation expense — 3,774 — — — 3,774 Taxes paid for net share settlements — (1,085) — — — (1,085) Other comprehensive gain, net — (37) 3,436 (66) — 3,333 Cumulative effect of adoption of ASC 606 — — — (53,728) — (53,728) Net income — — — 9,885 — 9,885 Balance as of April 30, 2018 $ 262 $ 454,398 $ (2,086) $ 630,633 $ (283) $ 1,082,924

Basis of Presentation - Textual

Basis of Presentation - Textuals (Details)	Apr. 30, 2019
KL North America BV (“KLNA”) and Fabco Holding B.V. (“Fabco”)
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	49.00%
Karl Lagerfeld Holding B.V. ("KLH")
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	19.00%

Inventories - Textuals (Details

Inventories - Textuals (Details) - USD ($) $ in Millions	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Inventory [Line Items]
Inventory held on consignment	$ 3.8	$ 4.9	$ 2.9
Prepaid Expenses and Other Current Assets
Inventory [Line Items]
Inventory returns assets	$ 35.5	$ 42.4	$ 39.4

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Level 2 | Senior secured term loan facility (the "Term Loan")
Debt Instrument [Line Items]
Debt instruments, carrying value	$ 300,000	$ 300,000	$ 300,000
Debt instruments, fair value	300,000	300,000	300,000
Level 2 | Revolving credit facility
Debt Instrument [Line Items]
Debt instruments, carrying value	22,509		67,377
Debt instruments, fair value	22,509		67,377
Level 3 | LVMH Note
Debt Instrument [Line Items]
Debt instruments, carrying value	97,938	96,618	92,860
Debt instruments, fair value	$ 90,065	$ 88,608	$ 85,000

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Textuals (Details) - USD ($) $ in Millions	Feb. 01, 2019	Apr. 30, 2019
Debt Instrument [Line Items]
Operating Lease, Impairment Loss	$ 9.6
ASU 2016-02
Debt Instrument [Line Items]
Operating Lease, Impairment Loss		$ 9.6
LVMH Note
Debt Instrument [Line Items]
Debt instrument interest rate		2.00%
Debt discount		$ 40

Leases (Details)

Leases (Details) $ in Millions	3 Months Ended
	Apr. 30, 2019USD ($)
Lessee, Operating Lease, Description [Abstract]
Transition package	true
Hindsight practical expedient	false
Option to extend	true
Lessee, operating lease, option to terminate	The exercise of lease renewal and termination options are generally at the Company's sole discretion.
Option to terminate exist	true
Variable and short term cost	$ 2.2
Minimum
Lessee, Operating Lease, Description [Abstract]
Operating lease, contract term	1 year
Renewal term	1 year
Maximum
Lessee, Operating Lease, Description [Abstract]
Operating lease, contract term	10 years
Renewal term	10 years

Leases - Lease assets and liabi

Leases - Lease assets and liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Feb. 01, 2019
Assets and Liabilities, Lessee [Abstract]
Operating lease assets	$ 320,169	$ 341,200
Classification of operating lease assets	us-gaap:OperatingLeaseRightOfUseAsset
Total lease assets	$ 320,169
Current operating lease liabilities	$ 74,761
Classification current operating lease liabilities	us-gaap:OperatingLeaseLiabilityCurrent
Noncurrent operating liabilities	$ 286,663
Classification of noncurrent operating liabilities	us-gaap:OperatingLeaseLiabilityNoncurrent
Total lease liabilities	$ 361,424	$ 384,500

Leases - Lease cost (Details)

Leases - Lease cost (Details) $ in Millions	3 Months Ended
	Apr. 30, 2019USD ($)
Selling, general and administrative expenses
Lease, Cost [Abstract]
Lease costs	$ 25

Leases - Future minimum payment

Leases - Future minimum payments under our operating lease (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Feb. 01, 2019
Operating Lease Liabilities, Payments Due [Abstract]
2020	$ 75,311
2021	88,230
2022	74,555
2023	65,751
2024	53,097
After 2024	86,444
Total lease payments	443,388
Less: Interest	81,964
Present value of lease liabilities	$ 361,424	$ 384,500

Leases - Other information (Det

Leases - Other information (Details) $ in Millions	3 Months Ended
	Apr. 30, 2019USD ($)
Leases [Abstract]
Weighted average remaining lease term	5 years 3 months 18 days
Weighted average discount rate	7.70%
Cash paid	$ 26.4

Net Income per Common Share - R

Net Income 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
	Apr. 30, 2019	Apr. 30, 2018
Net Income per Common Share
Net income (in dollars)	$ 12,043	$ 9,885
Basic net income per share:
Basic common shares	48,781	49,127
Basic net income per share (in dollars per share)	$ 0.25	$ 0.20
Diluted net income per share:
Basic common shares	48,781	49,127
Diluted restricted stock awards and stock options	993	1,010
Diluted common shares	49,774	50,137
Diluted net income per share (in dollars per share)	$ 0.24	$ 0.20

Net Income per Common Share - T

Net Income per Common Share - Textuals (Details) - shares	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Net Income per Common Share
Common stock excluded from the diluted net income per share calculation	355,900	341,700

Notes Payable - Long-term debt

Notes Payable - Long-term debt (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Long-term Debt
Debt Instrument [Line Items]
Subtotal	$ 447,509	$ 425,000	$ 492,377
Less: Net debt issuance costs	(9,360)	(10,014)	(11,974)
Debt discount	(27,062)	(28,382)	(32,140)
Total	411,087	386,604	448,263
Senior secured term loan facility (the "Term Loan") | Long-term Debt
Debt Instrument [Line Items]
Subtotal	300,000	300,000	300,000
Revolving credit facility
Debt Instrument [Line Items]
Less: Net debt issuance costs	(6,400)	(7,100)	(8,900)
Revolving credit facility | Long-term Debt
Debt Instrument [Line Items]
Subtotal	22,509		67,377
LVMH Note
Debt Instrument [Line Items]
Debt discount	(40,000)
LVMH Note | Long-term Debt
Debt Instrument [Line Items]
Subtotal	$ 125,000	$ 125,000	$ 125,000

Notes Payable - Textuals (Detai

Notes Payable - Textuals (Detail) - USD ($) $ in Millions	Dec. 01, 2016	Apr. 30, 2019
Senior secured term loan facility (the "Term Loan")
Debt Instrument [Line Items]
Principal amount of debt		$ 350
Prepayment of principal amount	$ 50
Maturity date		Dec. 1, 2022
Term loan description		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 April 30, 2019, interest under the Term Loan was being paid at an average rate of 7.76% per annum.
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 April 30, 2019, interest under the Term Loan was being paid at an average rate of 7.76% per annum.
Floor rate		1.00%
Applicable margin		5.25%
Debt instrument interest rate		7.76%
Senior secured term loan facility (the "Term Loan") | LIBOR plus
Debt Instrument [Line Items]
Spread interest rate		4.25%
Senior secured term loan facility (the "Term Loan") | Federal funds rate plus
Debt Instrument [Line Items]
Spread interest rate		0.50%
Revolving credit facility
Debt Instrument [Line Items]
Maturity date		Dec. 1, 2021
Debt instrument interest rate		4.52%
Maximum borrowing amount		$ 650
Debt instrument commitment fee percentage		0.25%
Term of credit agreement		5 years
Revolving credit facility | Long term liabilities
Debt Instrument [Line Items]
Borrowings outstanding		$ 22.5
Revolving credit facility | Trade letters of Credit
Debt Instrument [Line Items]
Borrowings outstanding		14.7
Revolving credit facility | Standby Letters of Credit
Debt Instrument [Line Items]
Borrowings outstanding		$ 3.4
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]
Principal amount of debt		$ 125
Debt instrument interest rate		2.00%
Debt discount		$ 40
LVMH Note | Notes Payable Due On June 1 2023
Debt Instrument [Line Items]
Principal amount of debt		75
LVMH Note | Notes Payable due on December 1, 2023
Debt Instrument [Line Items]
Principal amount of debt		$ 50

Revenue Recognition - Textuals

Revenue Recognition - Textuals (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2020	Jan. 31, 2019
Revenue Recognition [Abstract]
Revenue recognized related to contract liabilities	$ 4,300	$ 3,300
Customer refund liability	210,310	214,693		$ 243,589
Contract liability	6,300	1,800	$ 6,400
Contract assets	$ 0	$ 0		$ 0

Segments - Information regardin

Segments - Information regarding reportable segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Segment Reporting Information [Line Items]
Net sales	$ 633,552	$ 611,743
Cost of goods sold	397,488	377,216
Gross profit	236,064	234,527
Selling, general and administrative expenses	201,859	202,071
Depreciation and amortization	9,473	9,380
Gain on lease terminations	(829)
Operating profit (loss)	25,561	23,076
Operating Segments | Wholesale operations
Segment Reporting Information [Line Items]
Net sales	570,639	527,673
Cost of goods sold	371,580	341,575
Gross profit	199,059	186,098
Selling, general and administrative expenses	147,258	136,413
Depreciation and amortization	7,522	7,136
Operating profit (loss)	44,279	42,549
Operating Segments | Retail
Segment Reporting Information [Line Items]
Net sales	81,904	104,519
Cost of goods sold	44,899	56,090
Gross profit	37,005	48,429
Selling, general and administrative expenses	54,601	65,658
Depreciation and amortization	1,951	2,244
Gain on lease terminations	(829)
Operating profit (loss)	(18,718)	(19,473)
Elimination
Segment Reporting Information [Line Items]
Net sales	(18,991)	(20,449)
Cost of goods sold	$ (18,991)	$ (20,449)

Segments - Information of total

Segments - Information of total assets for company's reportable segments (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Segment Reporting Information [Line Items]
Total assets	$ 2,446,544	$ 2,208,058	$ 2,040,563
Corporate Segment
Segment Reporting Information [Line Items]
Total assets	256,687	182,452	173,374
Operating Segments | Wholesale operations
Segment Reporting Information [Line Items]
Total assets	1,813,238	1,834,610	1,655,714
Operating Segments | Retail
Segment Reporting Information [Line Items]
Total assets	$ 376,619	$ 190,996	$ 211,475

Segments - Textuals (Details)

Segments - Textuals (Details)	3 Months Ended
	Apr. 30, 2019segment
Segments [Abstract]
Number of reportable segments	2

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	$ 1,189,009	$ 1,120,689
Equity awards exercised/vested, net	40	56
Share-based compensation expense	4,227	3,774
Taxes paid for net share settlements	(5,686)	(1,085)
Other comprehensive loss, net	(3,227)	3,436
Other comprehensive gain, net		3,333
Net income	12,043	9,885
Balance at end of period	1,186,826	1,082,924
ASU 2016-02
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption of ASC	(9,580)
ASU 2014-09
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption of ASC		(53,728)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	264	245
Equity awards exercised/vested, net		17
Balance at end of period	264	262
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	464,112	451,844
Equity awards exercised/vested, net	(5,818)	(98)
Share-based compensation expense	4,227	3,774
Taxes paid for net share settlements	(5,686)	(1,085)
Other comprehensive gain, net		(37)
Balance at end of period	456,835	454,398
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	(15,194)	(5,522)
Other comprehensive loss, net	(3,227)
Other comprehensive gain, net		3,436
Balance at end of period	(18,421)	(2,086)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	758,881	674,542
Other comprehensive gain, net		(66)
Net income	12,043	9,885
Balance at end of period	761,344	630,633
Retained Earnings | ASU 2016-02
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption of ASC	(9,580)
Retained Earnings | ASU 2014-09
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption of ASC		(53,728)
Common Stock Held in Treasury
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	(19,054)	(420)
Equity awards exercised/vested, net	5,858	137
Balance at end of period	$ (13,196)	$ (283)

Stockholders' Equity - Textuals

Stockholders' Equity - Textuals (Details) - shares	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Stockholders' Equity [Abstract]
Common stock, shares issued	0	6,000
Treasury stock, shares utilized of equity awards	207,325	34,515

Canadian Customs Duty Examina_2

Canadian Customs Duty Examination - Textuals (Details) - CBSA $ in Millions, $ in Millions	1 Months Ended		3 Months Ended		14 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2018CAD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2019CAD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2019CAD ($)
Canadian Customs Duty Examination [Line Items]
Value of bond issued for prepayments of additional duties	$ 20.9	$ 26.9
Deferred higher dutiable value			$ 1.2	$ 1.6	$ 9.2	$ 12.4

Recent Adopted and Issued Acc_3

Recent Adopted and Issued Accounting Pronouncements - Textuals (Details) - USD ($) $ in Thousands	Feb. 01, 2019	Apr. 30, 2019
Recent Adopted and Issued Accounting Pronouncements [Abstract]
Present value of lease liabilities	$ 384,500	$ 361,424
Operating lease right-of-use assets	341,200	$ 320,169
Operating Lease, Impairment Loss	$ 9,600