G-III Apparel (GIII) 10-Q9 Sep 222022 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jul. 31, 2022	Sep. 06, 2022
Document And Entity Information Abstract
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2022
Document Transition Report	false
Entity File Number	0-18183
Entity Registrant Name	G III APPAREL GROUP LTD /DE/
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-1590959
Entity Address, Address Line One	512 Seventh Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10018
City Area Code	212
Local Phone Number	403-0500
Title of 12(b) Security	Common Stock
Trading Symbol	GIII
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		47,486,633
Entity Central Index Key	0000821002
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Current assets
Cash and cash equivalents	$ 150,977	$ 465,984	$ 509,988
Accounts receivable, net of allowance for doubtful accounts of $18.1 million, $17.4 million and $17.4 million, respectively	488,523	605,512	385,047
Inventories	1,040,814	512,155	499,337
Prepaid income taxes	1,142	14,502	1,115
Prepaid expenses and other current assets	83,954	54,704	66,343
Total current assets	1,765,410	1,652,857	1,461,830
Investments in unconsolidated affiliates	26,117	65,503	63,383
Property and equipment, net	54,421	48,805	51,425
Operating lease assets	209,000	169,595	172,916
Other assets, net	55,462	54,992	61,476
Other intangibles, net	35,427	31,361	33,136
Deferred income tax assets, net	9,405	3,559	5,260
Trademarks	622,182	453,329	441,788
Goodwill	304,930	262,527	262,372
Total assets	3,082,354	2,742,528	2,553,586
Current liabilities
Current portion of notes payable	80,109	4,237	5,624
Accounts payable	438,167	236,921	252,313
Accrued expenses	130,806	128,124	114,030
Customer refund liabilities	56,384	86,788	63,082
Current operating lease liabilities	49,734	42,763	43,119
Income tax payable	12,642	9,995	5,699
Other current liabilities	1,544	1,977	1,674
Total current liabilities	769,386	510,805	485,541
Notes payable, net of discount and unamortized issuance costs	495,668	515,344	512,017
Deferred income tax liabilities, net	36,447	40,010	20,133
Noncurrent operating lease liabilities	179,247	142,868	147,119
Other noncurrent liabilities	17,396	13,118	7,204
Total liabilities	1,498,144	1,222,145	1,172,014
Redeemable noncontrolling interests	209	471	960
Stockholders' Equity
Preferred stock; 1,000 shares authorized; no shares issued
Common stock - $0.01 par value; 120,000 shares authorized; 49,396, 49,396 and 49,396 shares issued, respectively	264	264	264
Additional paid-in capital	461,621	456,329	447,476
Accumulated other comprehensive loss	(16,226)	(14,529)	(7,026)
Retained earnings	1,183,958	1,117,005	961,901
Common stock held in treasury, at cost - 1,909, 829 and 1,480 shares, respectively	(45,616)	(39,157)	(22,003)
Total stockholders' equity	1,584,001	1,519,912	1,380,612
Total liabilities, redeemable noncontrolling interests and stockholders' equity	$ 3,082,354	$ 2,742,528	$ 2,553,586

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Millions	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 18.1	$ 17.4	$ 17.4
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	49,396,000	49,396,000	49,396,000
Treasury stock, shares	1,909,000	1,480,000	829,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Income Statement [Abstract]
Net sales	$ 605,244	$ 483,081	$ 1,294,001	$ 1,002,991
Cost of goods sold	376,318	290,203	819,036	614,644
Gross profit	228,926	192,878	474,965	388,347
Selling, general and administrative expenses	191,041	146,840	376,458	288,443
Depreciation and amortization	6,656	7,098	12,751	14,142
Gain on lease modifications	(29)		(38)
Operating profit (loss)	31,258	38,940	85,794	85,762
Other (loss) income	30,325	1,975	27,618	3,795
Interest and financing charges, net	(12,550)	(12,574)	(24,753)	(24,578)
Income before income taxes	49,033	28,341	88,659	64,979
Income tax expense (benefit)	12,968	9,235	21,968	19,494
Net income	36,065	19,106	66,691	45,485
Less: (Loss) income attributable to noncontrolling interests	(254)	(62)	(262)	(4)
Net income attributable to G-III Apparel Group, Ltd.	$ 36,319	$ 19,168	$ 66,953	$ 45,489
Basic:
Net income per common share	$ 0.76	$ 0.40	$ 1.39	$ 0.94
Weighted average number of shares outstanding (in shares)	47,999	48,476	48,007	48,427
Diluted:
Net income per common share	$ 0.74	$ 0.39	$ 1.36	$ 0.92
Weighted average number of shares outstanding (in shares)	49,019	49,523	49,061	49,502
Other comprehensive loss:
Foreign currency translation adjustments	$ 2,493	$ 2,021	$ (1,637)	$ (4,938)
Other comprehensive loss	2,493	2,021	(1,637)	(4,938)
Comprehensive income	38,558	21,127	65,054	40,547
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]
Net (loss) income	(254)	(62)	(262)	(4)
Foreign currency translation adjustments	(62)	10	(60)	6
Comprehensive income attributable to noncontrolling interests	(316)	(52)	(322)	2
Comprehensive income attributable to G-III Apparel Group, Ltd	$ 38,242	$ 21,075	$ 64,732	$ 40,549

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Common Stock Held in Treasury Cumulative Effect, Period of Adoption, Adjustment	Common Stock Held in Treasury	Cumulative Effect, Period of Adoption, Adjustment	Total
Balance at beginning of period at Jan. 31, 2021	$ 264	$ 448,417	$ (2,094)	$ (271)	$ 916,683		$ (27,029)	$ (271)	$ 1,336,241
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity awards exercised/vested, net		(5,026)					5,026
Share-based compensation expense		8,419							8,419
Taxes paid for net share settlements		(4,334)							(4,334)
Other comprehensive income (loss), net			(4,932)						(4,932)
Net income (loss)					45,489				45,489
Balance at end of period at Jul. 31, 2021	264	447,476	(7,026)		961,901		(22,003)		1,380,612
Balance at beginning of period at Apr. 30, 2021	264	450,961	(9,057)		942,733		(27,025)		1,357,876
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity awards exercised/vested, net		(5,022)					5,022
Share-based compensation expense		5,871							5,871
Taxes paid for net share settlements		(4,334)							(4,334)
Other comprehensive income (loss), net			2,031						2,031
Net income (loss)					19,168				19,168
Balance at end of period at Jul. 31, 2021	264	447,476	(7,026)		961,901		(22,003)		1,380,612
Balance at beginning of period at Jan. 31, 2022	264	456,329	(14,529)		1,117,005		(39,157)		1,519,912
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity awards exercised/vested, net		(10,163)					10,163
Share-based compensation expense		25,245							25,245
Taxes paid for net share settlements		(9,790)							(9,790)
Other comprehensive income (loss), net			(1,697)						(1,697)
Repurchases of common stock							(16,622)		(16,622)
Net income (loss)					66,953				66,953
Balance at end of period at Jul. 31, 2022	264	461,621	(16,226)		1,183,958		(45,616)		1,584,001
Balance at beginning of period at Apr. 30, 2022	264	460,999	(18,657)		1,147,639	$ (16,622)	(31,953)	$ (16,622)	1,558,292
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity awards exercised/vested, net		(2,959)					2,959
Share-based compensation expense		4,696							4,696
Taxes paid for net share settlements		(1,115)							(1,115)
Other comprehensive income (loss), net			2,431						2,431
Net income (loss)					36,319				36,319
Balance at end of period at Jul. 31, 2022	$ 264	$ 461,621	$ (16,226)		$ 1,183,958		$ (45,616)		$ 1,584,001

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Cash flows from operating activities
Net income attributable to G-III Apparel Group, Ltd.	$ 66,953	$ 45,489
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	12,751	14,142
Loss on disposal of fixed assets	33	21
Non-cash operating lease costs	24,271	20,598
Loss (gain) on lease terminations	(38)
Dividend received from unconsolidated affiliate		392
Equity (gain) loss in unconsolidated affiliates	(980)	(2,254)
Change in fair value of equity investment	1,718
Share-based compensation	25,245	8,419
Deferred financing charges and debt discount amortization	5,057	4,781
Deferred income taxes	(226)	(163)
Non-cash gain on fair value of prior minority ownership of Karl Lagerfeld	(30,925)
Changes in operating assets and liabilities:
Accounts receivable, net	145,134	107,652
Inventories	(496,351)	(82,835)
Income taxes, net	15,009	18,833
Prepaid expenses and other current assets	(5,767)	(9,598)
Other assets, net	(307)	717
Customer refund liabilities	(30,404)	(36,274)
Operating lease liabilities	(23,547)	(22,562)
Accounts payable, accrued expenses and other liabilities	182,480	126,468
Net cash provided by operating activities	(109,894)	193,826
Cash flows from investing activities
Operating lease assets initial direct costs	(87)
Investment in e-commerce retailer	(25,000)	(25,000)
Investment in equity securities	(22,378)
Capital expenditures	(8,526)	(7,526)
Acquisition of KLH, net of cash acquired	(168,592)
Net cash used in investing activities	(224,583)	(32,526)
Cash flows from financing activities
Repayment of borrowings - revolving facility	(8,647)
Proceeds from borrowings - revolving facility	57,946
Repayment of borrowings - foreign facilities	(600)
Proceeds from borrowings - foreign facilities	581	1,706
Purchase of treasury shares	(16,622)
Taxes paid for net share settlements	(9,790)	(4,334)
Net cash (used in) provided by financing activities	22,868	(2,628)
Foreign currency translation adjustments	(3,398)	(618)
Net increase in cash and cash equivalents	(315,007)	158,054
Cash and cash equivalents at beginning of period	465,984	351,934
Cash payments:
Interest, net	18,576	19,545
Income tax payments, net	$ 6,733	$ 682

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jul. 31, 2022
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 for several product categories. The Company consolidates the accounts of its wholly-owned and majority-owned subsidiaries. Karl Lagerfeld Holding B.V. (“KLH”) is a Dutch limited liability company that was 19% owned by the Company through May 30, 2022 and was accounted for during that time using the equity method of accounting. Effective May 31, 2022, the Company acquired the remaining 81% interest in KLH that it did not previously own and, as a result, KLH began being treated as a consolidated wholly-owned subsidiary. KL North America B.V. (“KLNA”) is a Dutch joint venture limited liability company that was 49% owned by the Company and 51% indirectly owned by KLH through May 30, 2022 and was accounted for during that time using the equity method of accounting. Effective May 31, 2022, KLNA became an indirect wholly-owned subsidiary of the Company as a result of the Company’s acquisition of the remaining 81% interest in KLH it did not previously own. All material intercompany balances and transactions have been eliminated. The results of KLH are included in the Company’s consolidated financial statements beginning May 31, 2022. Vilebrequin International SA (“Vilebrequin”), a Swiss corporation that is wholly-owned by the Company, KLH, Fabco Holding B.V. (“Fabco”) and Sonia Rykiel, which the Company purchased in October 2021, 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, Fabco and Sonia Rykiel are, and will be, included in the financial statements for the quarter ended or ending closest to the Company’s fiscal quarter end. For example, with respect to the Company’s results for the six-month period ended July 31, 2022, the results of Vilebrequin, Fabco and Sonia Rykiel are included for the six-month period ended June 30, 2022. For the three and six month periods ended June 30, 2022, the results of KLH, which includes KLNA, are included for the one month period ended June 30, 2022 and the results of the Company’s previous 49% ownership interest in KLNA and 19% ownership interest in KLH are included for the period from February 1, 2022 through May 30, 2022. The Company’s retail operations segment reports on a 52/53-week fiscal year. For fiscal 2023 and 2022, the three and six-month periods for the retail operations segment were each 13-week and 26-week periods, respectively, and ended on July 30, 2022 and August 1, 2021, respectively. The results for the three and six months ended July 31, 2022 are not necessarily indicative of the results expected for the entire fiscal year, given the seasonal nature of the Company’s business and the effects of the COVID-19 pandemic on 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, 2022 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 the 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.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	6 Months Ended
Allowance for Doubtful Accounts	Jul. 31, 2022
Allowance for Doubtful Accounts [Abstract]
Allowance for Doubtful Accounts	Note 2 – Allowance for Doubtful Accounts The Company’s financial instruments consist of trade receivables arising from revenue transactions in the ordinary course of business. The Company considers its trade receivables to consist of two portfolio segments: wholesale and retail trade receivables. Wholesale trade receivables result from credit the Company has extended to its wholesale customers based on pre-defined criteria and are generally due within 30 to 60 days. Retail trade receivables primarily relate to amounts due from third-party credit card processors for the settlement of debit and credit card transactions and are typically collected within 3 to 5 days. The Company’s accounts receivable and allowance for doubtful accounts as of July 31, 2022, July 31, 2021 and January 31, 2022 were: July 31, 2022 Wholesale Retail Total (In thousands) Accounts receivable, gross $ 505,635 $ 955 $ 506,590 Allowance for doubtful accounts (18,001) (66) (18,067) Accounts receivable, net $ 487,634 $ 889 $ 488,523 July 31, 2021 Wholesale Retail Total (In thousands) Accounts receivable, gross $ 400,714 $ 1,775 $ 402,489 Allowance for doubtful accounts (17,386) (56) (17,442) Accounts receivable, net $ 383,328 $ 1,719 $ 385,047 January 31, 2022 Wholesale Retail Total (In thousands) Accounts receivable, gross $ 620,737 $ 2,166 $ 622,903 Allowance for doubtful accounts (17,307) (84) (17,391) Accounts receivable, net $ 603,430 $ 2,082 $ 605,512 The allowance for doubtful accounts for wholesale trade receivables is estimated based on several factors. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations (such as in the case of bankruptcy filings (including potential bankruptcy filings), extensive delay in payment or substantial downgrading by credit rating agencies), a specific reserve for bad debt is recorded against amounts due from that customer to reduce the net recognized receivable to the amount reasonably expected to be collected. For all other wholesale customers, an allowance for doubtful accounts is determined through analysis of the aging of accounts receivable at the end of the reporting period for financial statements, assessments of collectability based on historical trends and an evaluation of the impact of economic conditions. The Company considers both current and forecasted future economic conditions in determining the adequacy of its allowance for doubtful accounts. The allowance for doubtful accounts for retail trade receivables is estimated at the credit card chargeback rate applied to the previous 90 days of credit card sales. In addition, the Company considers both current and forecasted future economic conditions in determining the adequacy of its allowance for doubtful accounts. The Company had the following activity in its allowance for credit losses: Wholesale Retail Total (In thousands) Balance as of January 31, 2022 $ (17,307) $ (84) $ (17,391) Provision for credit losses, net (737) 18 (719) Accounts written off as uncollectible 43 — 43 Balance as of July 31, 2022 $ (18,001) $ (66) $ (18,067) Balance as of January 31, 2021 $ (17,429) $ (30) $ (17,459) Provision for credit losses, net (28) (26) (54) Accounts written off as uncollectible 71 — 71 Balance as of July 31, 2021 $ (17,386) $ (56) $ (17,442) Balance as of January 31, 2021 $ (17,429) $ (30) $ (17,459) Provision for credit losses, net (103) (54) (157) Accounts written off as uncollectible 225 — 225 Balance as of January 31, 2022 $ (17,307) $ (84) $ (17,391)

Inventories

Inventories	6 Months Ended
Inventories	Jul. 31, 2022
Inventories [Abstract]
Inventories	Note 3 – 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 and 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, was $9.3 million, $11.2 million and $18.9 million as of July 31, 2022, July 31, 2021 and January 31, 2022, respectively. The inventory return asset is recorded within prepaid expenses and other current assets on the condensed consolidated balance sheets. Inventory held on consignment by the Company’s customers totaled $5.7 million, $4.7 million and $4.5 million at July 31, 2022, July 31, 2021 and January 31, 2022, respectively. Consignment inventory is held by the Company’s customers. The Company reflects this inventory on its condensed consolidated balance sheets.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
Fair Value of Financial Instruments	Jul. 31, 2022
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 4 – Fair Value of Financial Instruments Generally Accepted Accounting Principles establish 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 July 31, July 31, January 31, July 31, July 31, January 31, Financial Instrument Level 2022 2021 2022 2022 2021 2022 (In thousands) Secured notes 1 $ 400,000 $ 400,000 $ 400,000 $ 394,000 $ 400,000 $ 422,020 Revolving credit facility 2 51,614 — — 51,614 — — Note issued to LVMH 3 117,665 111,005 114,255 114,796 107,869 110,123 Unsecured loans 2 7,969 8,930 8,367 7,969 9,119 8,367 Overdraft facilities 2 3,233 4,500 2,903 3,233 3,007 2,903 Foreign credit facility 2 391 — — 391 — — 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 fair value of the Company’s secured notes is based on their current market price as of July 31, 2022. 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 in the principal amount of $125 million (the “LVMH Note”) issued to LVMH Moet Hennessy Louis Vuitton Inc. (“LVMH”) in connection with the acquisition of DKNY and Donna Karan was recorded on the balance sheet at a discount of $40.0 million in accordance with ASC 820 – Fair Value Measurements The fair value of the LVMH Note was considered a Level 3 valuation in the fair value hierarchy. Non-Financial Assets and Liabilities The Company’s non-financial assets that are measured at fair value on a nonrecurring basis include long-lived assets, which consist primarily of property and equipment and operating lease assets. The Company reviews these assets for impairment whenever events or changes in circumstances indicate that their carrying value may not be fully recoverable. For assets that are not recoverable, an impairment loss is recognized equal to the difference between the carrying amount of the asset or asset group and its estimated fair value. For operating lease assets, the Company determines the fair value of the assets by discounting the estimated market rental rates over the remaining term of the lease. These fair value measurements are considered level 3 measurements in the fair value hierarchy. During the fourth quarter of fiscal 2022, the Company recorded a $1.5 million impairment charge primarily related to leasehold improvements, furniture and fixtures and operating lease assets at certain DKNY, Karl Lagerfeld Paris and Vilebrequin stores as a result of the performance at these stores.

Leases

Leases	6 Months Ended
Leases	Jul. 31, 2022
Leases [Abstract]
Leases	Note 5 – Leases The Company leases retail stores, warehouses, distribution centers, office space and certain 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. Most leases are for a term of one one 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 July 31, 2022, July 31, 2021 and January 31, 2022 consist of the following: Leases Classification July 31, 2022 July 31, 2021 January 31, 2022 (In thousands) Assets Operating Operating lease assets $ 209,000 $ 172,916 $ 169,595 Liabilities Current operating Current operating lease liabilities $ 49,734 $ 43,119 $ 42,763 Noncurrent operating Noncurrent operating lease liabilities 179,247 147,119 142,868 Total lease liabilities $ 228,981 $ 190,238 $ 185,631 The Company’s operating lease assets and operating lease liabilities increased during fiscal 2023 primarily due to the acquisition of KLH. The Company recorded lease costs of $14.9 million and $29.0 million during the three and six months ended July 31, 2022. The Company recorded lease costs of $13.5 and $27.1 million during the three and six months ended July 31, 2021, respectively. Lease costs are recorded within selling, general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive income. The Company recorded variable lease costs and short-term lease costs of $5.5 million and $10.6 million for the three and six months ended July 31, 2022, respectively. The Company recorded variable lease coasts and short-term lease costs of $1.9 million and $3.3 million for the three and six months ended July 31, 2021, respectively. Short-term lease costs are immaterial. As of July 31, 2022, the Company’s maturity of operating lease liabilities in the years ending up to January 31, 2027 and thereafter are as follows: Year Ending January 31, Amount (In thousands) 2023 $ 34,750 2024 58,469 2025 49,938 2026 41,380 2027 33,559 After 2027 67,561 Total lease payments $ 285,657 Less: Interest 56,676 Present value of lease liabilities $ 228,981 As of July 31, 2022, there are no material leases that are legally binding but have not yet commenced. As of July 31, 2022, the weighted average remaining lease term related to operating leases is 5.5 years. The weighted average discount rate related to operating leases is 8.5%. Cash paid for amounts included in the measurement of operating lease liabilities is $30.0 million and $29.4 million during the six months ended July 31, 2022 and July 31, 2021, respectively. Right-of-use assets obtained in exchange for lease obligations were $69.9 million and $8.6 million during the six months ended July 31, 2022 and July 31, 2021, respectively.

Karl Lagerfeld Acquisition

Karl Lagerfeld Acquisition	6 Months Ended
Karl Lagerfeld Acquisition	Jul. 31, 2022
Business Combinations [Abstract]
Karl Lagerfeld Acquisition	Note 6 – Karl Lagerfeld Acquisition On April 29, 2022, the Company entered into a share purchase agreement (the “Purchase Agreement”) with a group of investors pursuant to which the Company agreed to acquire, on the terms set forth and subject to the conditions set forth in the Purchase Agreement, the remaining 81% interest in KLH that it did not already own, for an aggregate consideration of €202.0 million (approximately $216.8 million) in cash, subject to certain adjustments. The acquisition closed on May 31, 2022. The Company funded the purchase price from cash on hand. On the effective date of the acquisition, the Company’s previously held 19% investment in KLH and 49% investment in KLNA were remeasured at fair value using a market approach based on the purchase price of the acquisition and a discount for lack of control related to the Company’s previously held minority investment in KLH. As a result of this remeasurement, a $30.9 million gain was recorded as of the effective date of the acquisition. The addition of KLH to the Company’s portfolio advances several of its key priorities, including increasing its direct ownership of brands and their licensing opportunities and further diversifying its global presence. This acquisition offers additional opportunities to expand the Company’s international growth by further developing its European-based brands, which already include Vilebrequin and Sonia Rykiel. KLH’s existing digital channel presence also provides an opportunity for the Company to enhance its omni-channel business and further accelerate its digital priorities. Purchase price consideration The purchase price of $216.8 million, after taking into account certain adjustments, was paid from cash on hand. The purchase price has been revised to include adjustments in accordance with the Purchase Agreement. The total consideration paid for the acquisition of KLH is as follows (in thousands): Cash disbursed for the acquisition of KLH $ 168,592 Plus: cash acquired 38,499 Plus: aggregate adjustments to purchase price 9,729 Initial purchase price 216,820 Plus: fair value of prior minority ownership 102,858 Total consideration $ 319,678 Allocation of the purchase price consideration The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition: (In thousands) Cash and cash equivalents $ 38,499 Accounts receivable, net 28,146 Inventories 32,308 Prepaid income taxes 1,100 Prepaid expenses and other current assets 3,347 Property, plant and equipment, net 11,545 Operating lease assets 52,983 Goodwill 46,113 Trademarks 178,823 Customer relationships 4,401 Investments in unconsolidated affiliates 1,381 Deferred income taxes 9,183 Other long-term assets 2,237 Total assets acquired $ 410,066 Notes payable 3,606 Accounts payable 8,057 Accrued expenses 15,261 Operating lease liabilities 56,132 Income taxes payable 2,099 Other long-term liabilities 5,233 Total liabilities assumed $ 90,388 Total fair value of acquisition consideration $ 319,678 The Company recognized goodwill of approximately $46.1 million in connection with the acquisition of KLH. The goodwill was assigned to the Company’s wholesale operations reporting unit. The Company intends to make an election under Internal Revenue Code Section 338(g) to amortize the total goodwill and intangible assets over a 15 year period. The fair values assigned to identifiable intangible assets acquired were based on assumptions and estimates made by management using unobservable inputs reflecting the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability based on the best information available. The fair values of the trademarks were determined using the relief from royalty method and the fair value of the customer relationships were determined using an income approach. The Company classifies these intangibles as Level 3 fair value measurements. Identifiable intangible assets acquired include the following (in thousands): Weighted Average Fair Value Amortization Period Trademarks $ 178,823 — Customer relationships 4,401 8 $ 183,224 — The Company recognized approximately $5.4 million of acquisition related costs that were expensed in fiscal 2022 and fiscal 2023. The fiscal 2022 and fiscal 2023 acquisition and integration costs are recorded within selling, general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive income for the fiscal year ended January 31, 2022 and for the six months ended July 31, 2022, respectively. The estimates of fair value of assets acquired and liabilities assumed are preliminary and subject to change based on completion of certain working capital adjustments and the tax implications of the Company’s purchase price allocation. The purchase price allocation for acquired companies can be modified for up to one year from the date of acquisition. Net Sales, Operating Income and Pro Forma Impact of the Transaction The amount of net sales and operating income of KLH since the acquisition date included in the condensed consolidated statements of operations for the three and six months ended July 31, 2022 were $18.2 million and $0.2 million, respectively. The following table reflects the unaudited pro forma consolidated results of operations of the Company for the periods presented, as though the acquisition of KLH had occurred on February 1, 2021. Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 (unaudited, in thousands, except per share amounts) Net sales $ 628,050 $ 518,258 $ 1,362,811 $ 1,073,929 Net income 11,844 39,316 42,060 63,289 Earnings per share: Basic 0.25 0.81 0.88 1.31 Diluted 0.24 0.79 0.86 1.28 The pro forma adjustments are based upon available information and certain assumptions that the Company considers reasonable. The unaudited pro forma condensed combined financial data is based on preliminary estimates and assumptions set forth in the accompanying notes. Pro forma adjustments are necessary to reflect (i) the changes in depreciation and amortization expense resulting from fair value adjustments to intangible assets, (ii) amortization of the inventory fair value adjustment, (iii) incentive compensation arrangements expenses acquired as part of the acquisition agreements, (iv) elimination of royalty expenses related to the Company’s license agreement with KLNA, (v) the taxation of G-III’s and KLH’s combined income as a result of the acquisition, as well as the tax effects related to such pro forma adjustments, (vi) the $30.9 million gain recorded to remeasure to fair value the previously held investments in KLH and KLNA as though the gain was recorded on February 1, 2021 and (vii) adjustments for accounting policy changes to conform to G-III’s presentation. The pro forma results do not include any realized or anticipated cost synergies or other effects of the integration of KLH. Accordingly, such pro forma amounts are not indicative of the results that actually would have occurred had the acquisition been completed on February 1, 2021, nor are they indicative of the future operating results of the combined company.

Intangible Assets

Intangible Assets	6 Months Ended
Intangible Assets	Jul. 31, 2022
Intangible Assets [Abstract]
Intangible Assets	Note 7 – Intangible Assets Intangible assets consist of: July 31, 2022 Estimated Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In thousands) Finite-lived intangible assets Licenses 14 years $ 18,802 $ (16,978) $ 1,824 Trademarks 8-12 years 2,194 (2,194) — Customer relationships 15-17 years 52,341 (21,354) 30,987 Other 5-10 years 7,080 (4,464) 2,616 Total finite-lived intangible assets $ 80,417 $ (44,990) $ 35,427 Indefinite-lived intangible assets Goodwill 304,930 Trademarks 622,182 Total indefinite-lived intangible assets 927,112 Total intangible assets, net $ 962,539 July 31, 2021 Estimated Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In thousands) Finite-lived intangible assets Licenses 14 years $ 19,653 $ (17,074) $ 2,579 Trademarks 8-12 years 2,194 (2,194) — Customer relationships 15-17 years 48,351 (19,049) 29,302 Other 5-10 years 8,598 (7,343) 1,255 Total finite-lived intangible assets $ 78,796 $ (45,660) $ 33,136 Indefinite-lived intangible assets Goodwill 262,372 Trademarks 441,788 Total indefinite-lived intangible assets 704,160 Total intangible assets, net $ 737,296 January 31, 2022 Estimated Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In thousands) Finite-lived intangible assets Licenses 14 years $ 19,334 $ (17,113) $ 2,221 Trademarks 8-12 years 2,194 (2,194) — Customer relationships 15-17 years 48,240 (20,224) 28,016 Other 5-10 years 8,534 (7,410) 1,124 Total finite-lived intangible assets $ 78,302 $ (46,941) $ 31,361 Indefinite-lived intangible assets Goodwill 262,527 Trademarks 453,329 Total indefinite-lived intangible assets 715,856 Total intangible assets, net $ 747,217 Amortization expense Amortization expense with respect to finite-lived intangibles amounted to $0.9 million and $1.8 million for the three and six months ended July 31, 2022, respectively. Amortization expense with respect to finite-lived intangibles amounted to $1.0 million and $1.9 million for the three and six months ended July 31, 2021, respectively. Amortization expense with respect to finite-lived intangibles amounted to $3.7 million for the year ended January 31, 2022. The estimated amortization expense with respect to intangibles for the next five years is as follows: Year Ending January 31, Amortization Expense (In thousands) 2023 $ 2,076 2024 3,976 2025 3,927 2026 3,828 2027 3,556 Intangible assets with finite lives are amortized over their estimated useful lives and measured for impairment when events or circumstances indicate that the carrying value may be impaired. Change in Goodwill Changes in the amounts of goodwill for the six months ended July 31, 2022 and the year ended January 31, 2022 are summarized by reportable segment as follows (in thousands): Wholesale Retail Total January 31, 2021 $ 263,135 — $ 263,135 Acquisition of Sonia Rykiel 1,518 — 1,518 Currency translation (2,126) — (2,126) January 31, 2022 262,527 — 262,527 Acquisition of Karl Lagerfeld 46,113 — 46,113 Currency translation (3,710) — (3,710) July 31, 2022 $ 304,930 $ — $ 304,930 Impairment Goodwill represents the excess of the purchase price and related costs over the value assigned to net tangible and identifiable intangible assets of businesses acquired and accounted for under the purchase method. The Company reviews and tests its goodwill and intangible assets with indefinite lives for impairment at least annually, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may be impaired. The Company performs its goodwill test as of January 31 of each year using a qualitative evaluation or a quantitative test using an income approach through a discounted cash flow analysis methodology. The discounted cash flow approach requires that certain assumptions and estimates be made regarding industry economic factors and future profitability. The Company also performs its annual test for intangible assets with indefinite lives as of January 31 of each year using a qualitative evaluation or a quantitative test using a relief from royalty method, another form of the income approach. The relief from royalty method requires assumptions regarding industry economic factors and future profitability. The Company performed its annual tests of its wholesale reporting unit and its indefinite-lived trademarks as of January 31, 2022 and determined that no impairment existed at that date. The result of the Company’s annual test determined that the estimated fair value of its wholesale reporting unit and its indefinite-lived trademarks were substantially in excess of their carrying values. The Company’s indefinite-lived trademark balance is primarily composed of the Donna Karan/DKNY trademark that was acquired in fiscal 2017 and the Karl Lagerfeld trademark that was acquired in fiscal 2023. The fair value of the Company’s goodwill and indefinite-lived intangible assets are considered a Level 3 valuation in the fair value hierarchy.

Net Income (Loss) per Common Sh

Net Income (Loss) per Common Share	6 Months Ended
Net Income (Loss) per Common Share	Jul. 31, 2022
Net Income (Loss) per Common Share
Net Income (Loss) per Common Share	Note 8 – 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, when applicable, is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock unit awards and stock options outstanding during the period. Approximately 301,300 and 205,400 shares of common stock have been excluded from the diluted net income per share calculation for the three and six months ended July 31, 2022, respectively. Approximately 15,100 and 8,200 shares of common stock have been excluded from the diluted net income per share calculation for the three and six months ended July 31, 2021. All share-based payments outstanding that vest based on the achievement of performance conditions, and for which the respective performance 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 July 31, Six Months Ended July 31, 2022 2021 2022 2021 (In thousands, except share and per share amounts) Net income attributable to G-III Apparel Group, Ltd. $ 36,319 $ 19,168 $ 66,953 $ 45,489 Basic net income per share: Basic common shares 47,999 48,476 48,007 48,427 Basic net income per share $ 0.76 $ 0.40 $ 1.39 $ 0.94 Diluted net income per share: Basic common shares 47,999 48,476 48,007 48,427 Dilutive restricted stock unit awards and stock options 1,020 1,047 1,054 1,075 Diluted common shares 49,019 49,523 49,061 49,502 Diluted net income per share $ 0.74 $ 0.39 $ 1.36 $ 0.92

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
NOTES PAYABLE	Jul. 31, 2022
Notes Payable [Abstract]
NOTES PAYABLE	Note 9 – Notes Payable Long-term debt consists of the following: July 31, 2022 July 31, 2021 January 31, 2022 (In thousands) Secured Notes $ 400,000 $ 400,000 $ 400,000 Revolving credit facility 51,614 — — LVMH Note 125,000 125,000 125,000 Unsecured loans 7,969 8,930 8,367 Overdraft facilities 3,233 4,500 2,903 Foreign credit facility 391 — — Subtotal 588,207 538,430 536,270 Less: Net debt issuance costs (1) (5,095) (6,794) (5,944) Debt discount (7,335) (13,995) (10,745) Current portion of long-term debt (80,109) (5,624) (4,237) Total $ 495,668 $ 512,017 $ 515,344 (1) Does not include debt issuance costs, net of amortization, totaling $4.8 million, $6.4 million and $5.6 million as of July 31, 2022, July 31, 2021 and January 31, 2022, respectively, related to the revolving credit facility. These debt issuance costs have been deferred and are classified in assets in the accompanying condensed consolidated balance sheets in accordance with ASC 835. Senior Secured Notes In August 2020, the Company completed a private debt offering of $400 million aggregate principal amount of its 7.875% Senior Secured Notes due 2025 (the “Notes”). The terms of the Notes are governed by an indenture (the “Indenture”), among the Company, the guarantors party thereto and U.S. Bank, National Association, as trustee and collateral agent (the “Collateral Agent”). The net proceeds of the Notes have been used (i) to repay the $300 million that was outstanding under the Company’s prior term loan facility due 2022 (the “Term Loan”), (ii) to pay related fees and expenses and (iii) for general corporate purposes. The Notes bear interest at a rate of 7.875% per year payable semi-annually in arrears on February 15 and August 15 of each year. The Notes are unconditionally guaranteed on a senior-priority secured basis by the Company’s current and future wholly-owned domestic subsidiaries that guarantee any of the Company’s credit facilities, including the Company’s ABL facility (the “ABL Facility”) pursuant to the ABL Credit Agreement, or certain future capital markets indebtedness of the Company or guarantors. The Notes and the related guarantees are secured by (i) first priority liens on the Company’s Cash Flow Priority Collateral (as defined in the Indenture), and (ii) a second-priority lien on the Company’s ABL Priority Collateral (as defined in the Indenture), in each case subject to permitted liens described in the Indenture. In connection with the issuance of the Notes and execution of the Indenture, the Company and the Guarantors entered into a pledge and security agreement (the “Pledge and Security Agreement”), among the Company, the Guarantors and the Collateral Agent. The Notes are subject to the terms of the intercreditor agreement which governs the relative rights of the secured parties in respect of the ABL Facility and the Notes (the “Intercreditor Agreement”). The Intercreditor Agreement restricts the actions permitted to be taken by the Collateral Agent with respect to the Collateral on behalf of the holders of the Notes. The Notes are also subject to the terms of the LVMH Note subordination agreement which governs the relative rights of the secured parties in respect of the LVMH Note, the ABL Facility and the Notes. The Company may redeem some or all of the Notes at any time and from time to time at the redemption prices set forth in the Indenture, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date. If the Company experiences a Change of Control (as defined in the Indenture), the Company is required to offer to repurchase the Notes at 101% of the principal amount of such Notes plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase. The Indenture contains covenants that, among other things, limit the Company’s ability and the ability of its restricted subsidiaries to incur or guarantee additional indebtedness, pay dividends or make other restricted payments, make certain investments, incur restrictions on the ability of the Company’s restricted subsidiaries that are not guarantors to pay dividends or make certain other payments, create or incur certain liens, sell assets and subsidiary stock, impair the security interests, transfer all or substantially all of the Company’s assets or enter into merger or consolidation transactions, and enter into transactions with affiliates. The Indenture provides for customary events of default which include (subject in certain cases to customary grace and cure periods), among others, nonpayment of principal or interest, breach of other agreements in the Indenture, failure to pay certain other indebtedness, failure of certain guarantees to be enforceable, failure to perfect certain collateral securing the Notes, failure to pay certain final judgments, and certain events of bankruptcy or insolvency. The Company incurred debt issuance costs totaling $8.5 million related to the Notes. In accordance with ASC 835, the debt issuance costs have been deferred and are presented as a contra-liability, offsetting the outstanding balance of the Notes, and are amortized over the remaining life of the Notes. In addition, the Company had unamortized debt issuance costs of $6.1 million associated with the Term Loan. Upon repayment of the Term Loan, these debt issuance costs were fully extinguished and charged to interest expense in the Company’s results of operations. Second Amended and Restated ABL Credit Agreement In August 2020, the Company’s subsidiaries, G-III Leather Fashions, Inc., Riviera Sun, Inc., CK Outerwear, LLC, AM Retail Group, Inc. and The Donna Karan Company Store LLC (collectively, the “Borrowers”), entered into the second amended and restated credit agreement (the “ABL Credit Agreement”) with the Lenders named therein and with JPMorgan Chase Bank, N.A., as Administrative Agent. The ABL Credit Agreement is a five year senior secured credit facility subject to a springing maturity date if, subject to certain conditions, the LVMH Note is not refinanced or repaid prior to the date that is 91 days prior to the date of any relevant payment thereunder. The ABL Credit Agreement provides for borrowings in the aggregate principal amount of up to $650 million. The Company and its subsidiaries, G-III Apparel Canada ULC, Gabrielle Studio, Inc., Donna Karan International Inc. and Donna Karan Studio LLC (the “Guarantors”), are Loan Guarantors under the ABL Credit Agreement. The ABL Credit Agreement refinanced, amended and restated the Amended Credit Agreement, dated as of December 1, 2016 (as amended, supplemented or otherwise modified from time to time prior to August 7, 2020, the “Prior Credit Agreement”), by and among the Borrowers and the Loan Guarantors (each as defined therein) party thereto, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., in its capacity as the administrative agent thereunder. The Prior Credit Agreement provided for borrowings of up to $650 million. The ABL Credit Agreement extended the maturity date of this facility from December 2021 to August 2025, subject to a springing maturity date if, subject to certain conditions, the LVMH Note is not refinanced or repaid prior to the date that is 91 days prior to the date of any relevant payment thereunder. Amounts available under the ABL Credit Agreement are subject to borrowing base formulas and overadvances as specified in the ABL Credit Agreement. Borrowings bear interest, at the Borrowers’ option, at LIBOR plus a margin of 1.75% to 2.25% or an alternate base rate margin of 0.75% to 1.25% (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% and (iii) the LIBOR rate for a borrowing with an interest period of one month) plus 1.00%, with the applicable margin determined based on Borrowers’ availability under the ABL Credit Agreement. The ABL Credit Agreement is secured by specified assets of the Borrowers and the Guarantors. In addition to paying interest on any outstanding borrowings under the ABL Credit Agreement, 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 tiered rate equal to 0.50% per annum on the average daily amount of the available commitments when the average usage is less than 50% of the total available commitments and decreases to 0.35% per annum on the average daily amount of the available commitments when the average usage is greater than or equal to 50% of the total available commitments. As of July 31, 2022, interest under the ABL Credit Agreement was being paid at an average rate of 6.05% per annum. The revolving credit facility contains covenants that, among other things, restrict the Company’s ability to, subject to specified exceptions, incur additional debt; incur liens; sell or dispose of certain assets; merge with other companies; liquidate or dissolve the Company; acquire other companies; make loans, advances, or guarantees; and make certain investments. In certain circumstances, the revolving credit facility also requires the Company to maintain a fixed charge coverage ratio, as defined in the agreement, not less than 1.00 to 1.00 for each period of twelve consecutive fiscal months of the Company. As of July 31, 2022, the Company was in compliance with these covenants. As of July 31, 2022, the Company had $51.6 million of borrowings outstanding under the ABL Credit Agreement. The ABL credit agreement also includes amounts available for letters of credit. As of July 31, 2022, there were outstanding trade and standby letters of credit amounting to $7.9 million and $3.4 million, respectively. At the date of the refinancing of the Prior Credit Agreement, the Company had $3.3 million of unamortized debt issuance costs remaining from the Prior Credit Agreement. The Company extinguished and charged to interest expense $0.4 million of the prior debt issuance costs and incurred new debt issuance costs totaling $5.1 million related to the ABL Credit Agreement. The Company has a total of $8.0 million debt issuance costs related to the ABL Credit Agreement. As permitted under ASC 835, the debt issuance costs have been deferred and are presented as an asset which is amortized ratably over the term of the ABL Credit Agreement. LVMH Note As a portion of the consideration for the acquisition of Donna Karan International (“DKI”), the Company issued to LVMH a junior lien secured promissory note in the principal amount of $125.0 million 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 therefore has been recorded within current portion of notes payable on the condensed consolidated balance sheets and $50.0 million of such principal amount is due and payable on December 1, 2023. ASC 820 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. Unsecured Loans During fiscal 2020 and fiscal 2021, T.R.B International SA (“TRB”), a subsidiary of Vilebrequin, borrowed funds under several unsecured loans. A portion of the unsecured loans was to provide funding for operations in the normal course of business, while other unsecured loans were various European state backed loans as part of COVID-19 relief programs. Additionally, Sonia Rykiel and KLH borrowed funds pursuant to European state backed loans that were part of COVID-19 relief programs. In the aggregate, the Company is currently required to make quarterly installment payments of principal in the amount of €0.2 million under these loans. Interest on the outstanding principal amount of the unsecured loans accrues at a fixed rate equal to 0% to 3.0% per annum, payable on either a quarterly or monthly basis. As of July 31, 2022, the Company had an aggregate outstanding balance of €7.6 million ($8.0 million) under these unsecured loans. Overdraft Facilities During fiscal 2022, TRB entered into several overdraft facilities that allow for applicable bank accounts to be in a negative position up to a certain maximum overdraft. TRB entered into an uncommitted overdraft facility with HSBC Bank allowing for a maximum overdraft of €5 million. Interest on drawn balances accrues at a rate equal to the Euro Interbank Offered Rate plus a margin of 1.75% per annum, payable quarterly. The facility may be cancelled at any time by TRB or HSBC Bank. As part of a COVID-19 relief program, TRB and its subsidiaries have also entered into several state backed overdraft facilities with UBS Bank in Switzerland for an aggregate of CHF 4.7 million at varying interest rates of 0% to 0.5%. As of July 31, 2022, TRB had an aggregate of €3.1 million ($3.2 million) drawn under these facilities. Foreign Credit Facility KLH has a credit agreement with ABN AMRO Bank N.V. with a credit limit of €15.0 million which is secured by specified assets of KLH. Borrowings bear interest at the Euro Interbank Offered Rate (“EURIBOR”) plus a margin of 1.7%. As of July 31, 2022, KLH had €0.4 million ($0.4 million) of borrowings outstanding under this credit facility.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Jul. 31, 2022
Revenue Recognition [Abstract]
Revenue Recognition	Note 10 – Revenue Recognition Disaggregation of Revenue In accordance with ASC 606 – Revenue from Contracts with Customers Wholesale Operations Segment. Retail Operations Segment. 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 $4.0 million, $4.3 million and $5.1 million at July 31, 2022, July 31, 2021 and January 31, 2022, respectively. The Company recognized $2.7 million in revenue for the three months ended July 31, 2022 related to contract liabilities that existed at April 30, 2022. The Company recognized $4.8 million in revenue for the six months ended July 31, 2022 related to contract liabilities that existed at January 31, 2022. There were no contract assets recorded as of July 31, 2022, July 31, 2021 and January 31, 2022. Substantially all of the advance payments from licensees as of July 31, 2022 are expected to be recognized as revenue within the next twelve months.

SEGMENTS

SEGMENTS	6 Months Ended
SEGMENTS	Jul. 31, 2022
Segments [Abstract]
SEGMENTS	Note 11 – 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, as well as sales related to the Vilebrequin and Karl Lagerfeld businesses, other than sales of the Karl Lagerfeld Paris brand from retail stores and digital outlets. Wholesale revenues also include revenues from license agreements related to our owned trademarks including DKNY, Donna Karan, Vilebrequin, Karl Lagerfeld, G.H. Bass and Andrew Marc. The retail operations segment consists primarily of direct sales to consumers through Company-operated stores, which consists primarily of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass, Andrew Marc and Wilsons Leather. Substantially all DKNY and Karl Lagerfeld Paris stores are operated as outlet stores. The following segment information is presented for the three-month periods indicated below: Three Months Ended July 31, 2022 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 587,955 $ 31,112 $ (13,823) $ 605,244 Cost of goods sold 375,090 15,051 (13,823) 376,318 Gross profit 212,865 16,061 — 228,926 Selling, general and administrative expenses 169,677 21,364 — 191,041 Depreciation and amortization 5,666 990 — 6,656 Gain on lease terminations — (29) — (29) Operating profit (loss) $ 37,522 $ (6,264) $ — $ 31,258 Three Months Ended July 31, 2021 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 467,013 $ 27,285 $ (11,217) $ 483,081 Cost of goods sold 288,306 13,114 (11,217) 290,203 Gross profit 178,707 14,171 — 192,878 Selling, general and administrative expenses 129,291 17,549 — 146,840 Depreciation and amortization 6,086 1,012 — 7,098 Operating profit (loss) $ 43,330 $ (4,390) $ — $ 38,940 Six Months Ended July 31, 2022 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 1,268,859 $ 58,997 $ (33,855) $ 1,294,001 Cost of goods sold 823,860 29,031 (33,855) 819,036 Gross profit 444,999 29,966 — 474,965 Selling, general and administrative expenses 331,495 44,963 — 376,458 Depreciation and amortization 11,080 1,671 — 12,751 Gain on lease terminations — (38) — (38) Operating profit (loss) $ 102,424 $ (16,630) $ — $ 85,794 Six Months Ended July 31, 2021 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 978,527 $ 46,704 $ (22,240) $ 1,002,991 Cost of goods sold 614,127 22,757 (22,240) 614,644 Gross profit 364,400 23,947 — 388,347 Selling, general and administrative expenses 254,625 33,818 — 288,443 Depreciation and amortization 12,299 1,843 — 14,142 Operating profit (loss) $ 97,476 $ (11,714) $ — $ 85,762 (1) Represents intersegment sales to the Company’s retail operations segment. The total net sales by licensed and proprietary product sales for each of the Company’s reportable segments are as follows: Three Months Ended Six Months Ended July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 (In thousands) Licensed brands $ 317,081 $ 311,263 $ 733,732 $ 652,428 Proprietary brands 270,874 155,750 535,127 326,099 Wholesale net sales $ 587,955 $ 467,013 $ 1,268,859 $ 978,527 Licensed brands $ — $ 8,646 $ — $ 15,180 Proprietary brands 31,112 18,639 58,997 31,524 Retail net sales $ 31,112 $ 27,285 $ 58,997 $ 46,704 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, 2022 July 31, 2021 January 31, 2022 (In thousands) Wholesale $ 2,410,042 $ 1,483,087 $ 2,073,834 Retail 118,923 86,577 111,517 Corporate 553,389 983,922 557,177 Total assets $ 3,082,354 $ 2,553,586 $ 2,742,528

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
STOCKHOLDERS' EQUITY	Jul. 31, 2022
Stockholders' Equity [Abstract]
Stockholders' Equity	Note 12 – Stockholders’ Equity For the three months ended July 31, 2022, the Company issued no shares of common stock and utilized 111,583 shares of treasury stock in connection with the vesting of equity awards. For the three months ended July 31, 2021, the Company issued no shares of common stock and utilized 189,313 shares of treasury stock in connection with the vesting of equity awards. For the six months ended July 31, 2022, the Company issued no shares of common stock and utilized 383,119 shares of treasury stock in connection with the vesting of equity awards. For the six months ended July 31, 2021, the Company issued no shares of common stock and utilized 189,471 shares of treasury stock in connection with the vesting of equity awards.

Canadian Customs Duty Examinati

Canadian Customs Duty Examination	6 Months Ended
Canadian Customs Duty Examination	Jul. 31, 2022
Canadian Customs Duty Examination [Abstract]
Canadian Customs Duty Examination	Note 13 – 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 October 27, 2017, the date of the final report. The CBSA requested that G-III Canada 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 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. There were no amounts paid and deferred for the three and six months ended July 31, 2022 related to the higher dutiable values, however, the Company paid interest in the amount of CAD$1.0 million (US$0.8 million) on the additional duties for the period January 15, 2018 through November 25, 2020, the date of the CBSA’s final decision as discussed below. Cumulative amounts paid and deferred through July 31, 2022, related to the higher dutiable values, were CAD$14.8 million (US$11.6 million). 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 continued to defer the additional duty paid through the month of May 2019 pending the final outcome of the appeal. The CBSA issued its final decision denying the appeal filed by G-III Canada with the President’s Office of the CBSA and G-III Canada filed a Notice of Appeal with the Canadian International Trade Tribunal (the “Tribunal”) further appealing the CBSA decision. A hearing on the appeal was held on December 7, 2021. On August 22, 2022, the Tribunal ruled in favor of G-III Canada and G-III Canada’s appeal has been allowed by the Tribunal. The CBSA has until November 21, 2022 to appeal the decision. G-III Canada, based on the advice of counsel, believes it has positions that support its valuations for duty as declared and therefore its ability to receive a refund of amounts claimed to be owed to the CBSA.

Recent Adopted and Issued Accou

Recent Adopted and Issued Accounting Pronouncements	6 Months Ended
Recent Adopted and Issued Accounting Pronouncements	Jul. 31, 2022
Recent Adopted and Issued Accounting Pronouncements [Abstract]
Recent Adopted and Issued Accounting Pronouncements	Note 14 – Recent Adopted and Issued Accounting Pronouncements Recently Adopted Accounting Guidance There was no accounting guidance adopted during the three months ended July 31, 2022. Issued Accounting Guidance Being Evaluated for Adoption In March 2020, the Financial Accounting Standards Board issued ASU 2020-04, “Facilitation of the Effects of Reference Rate Reform on Financial Reporting” and in January 2021, issued ASU 2021-01, “Reference Rate Reform: Scope”. Both of these updates aim to ease the potential burden in accounting for reference rate reform. These updates provide optional expedients and exceptions, if certain criteria are met, for applying accounting principles generally accepted in the United States to contract modifications, hedging relationships and other transactions affected by the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). The amendments were effective upon issuance and allow companies to adopt the amendments on a prospective basis through December 31, 2022. The Company has not applied this ASU to any existing contracts in the current year. As of July 31, 2022, the Company had availability of approximately $580 million under its revolving credit facility. The interest rate under this facility is indexed to LIBOR. As such, the revolving credit facility is likely to be impacted when LIBOR quotations cease to be available. The Company is evaluating the impact that the guidance will have on its condensed consolidated financial statements and related disclosures and currently does not expect that any impact would be material.

Recent Adopted and Issued Acc_2

Recent Adopted and Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jul. 31, 2022
Recent Adopted and Issued Accounting Pronouncements [Abstract]
Recently Adopted Accounting Guidance	Recently Adopted Accounting Guidance There was no accounting guidance adopted during the three months ended July 31, 2022.

Allowance for Doubtful Accoun_2

Allowance for Doubtful Accounts (Tables)	6 Months Ended
Allowance for Doubtful Accounts (Tables)	Jul. 31, 2022
Allowance for Doubtful Accounts [Abstract]
Accounts Receivable and Allowance for Doubtful Accounts	The Company’s accounts receivable and allowance for doubtful accounts as of July 31, 2022, July 31, 2021 and January 31, 2022 were: July 31, 2022 Wholesale Retail Total (In thousands) Accounts receivable, gross $ 505,635 $ 955 $ 506,590 Allowance for doubtful accounts (18,001) (66) (18,067) Accounts receivable, net $ 487,634 $ 889 $ 488,523 July 31, 2021 Wholesale Retail Total (In thousands) Accounts receivable, gross $ 400,714 $ 1,775 $ 402,489 Allowance for doubtful accounts (17,386) (56) (17,442) Accounts receivable, net $ 383,328 $ 1,719 $ 385,047 January 31, 2022 Wholesale Retail Total (In thousands) Accounts receivable, gross $ 620,737 $ 2,166 $ 622,903 Allowance for doubtful accounts (17,307) (84) (17,391) Accounts receivable, net $ 603,430 $ 2,082 $ 605,512
Activity in Allowance for Credit Losses	The Company had the following activity in its allowance for credit losses: Wholesale Retail Total (In thousands) Balance as of January 31, 2022 $ (17,307) $ (84) $ (17,391) Provision for credit losses, net (737) 18 (719) Accounts written off as uncollectible 43 — 43 Balance as of July 31, 2022 $ (18,001) $ (66) $ (18,067) Balance as of January 31, 2021 $ (17,429) $ (30) $ (17,459) Provision for credit losses, net (28) (26) (54) Accounts written off as uncollectible 71 — 71 Balance as of July 31, 2021 $ (17,386) $ (56) $ (17,442) Balance as of January 31, 2021 $ (17,429) $ (30) $ (17,459) Provision for credit losses, net (103) (54) (157) Accounts written off as uncollectible 225 — 225 Balance as of January 31, 2022 $ (17,307) $ (84) $ (17,391)

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
Fair Value of Financial Instruments (Tables)	Jul. 31, 2022
Fair Value of Financial Instruments [Abstract]
Schedule of carrying values and estimated fair values of debt instruments	Carrying Value Fair Value July 31, July 31, January 31, July 31, July 31, January 31, Financial Instrument Level 2022 2021 2022 2022 2021 2022 (In thousands) Secured notes 1 $ 400,000 $ 400,000 $ 400,000 $ 394,000 $ 400,000 $ 422,020 Revolving credit facility 2 51,614 — — 51,614 — — Note issued to LVMH 3 117,665 111,005 114,255 114,796 107,869 110,123 Unsecured loans 2 7,969 8,930 8,367 7,969 9,119 8,367 Overdraft facilities 2 3,233 4,500 2,903 3,233 3,007 2,903 Foreign credit facility 2 391 — — 391 — —

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jul. 31, 2022
Leases [Abstract]
Schedule of lease assets and liabilities	Leases Classification July 31, 2022 July 31, 2021 January 31, 2022 (In thousands) Assets Operating Operating lease assets $ 209,000 $ 172,916 $ 169,595 Liabilities Current operating Current operating lease liabilities $ 49,734 $ 43,119 $ 42,763 Noncurrent operating Noncurrent operating lease liabilities 179,247 147,119 142,868 Total lease liabilities $ 228,981 $ 190,238 $ 185,631
Schedule of maturity of operating lease liabilities	Year Ending January 31, Amount (In thousands) 2023 $ 34,750 2024 58,469 2025 49,938 2026 41,380 2027 33,559 After 2027 67,561 Total lease payments $ 285,657 Less: Interest 56,676 Present value of lease liabilities $ 228,981

Karl Lagerfeld Acquisition (Tab

Karl Lagerfeld Acquisition (Tables)	6 Months Ended
Karl Lagerfeld Acquisition (Tables)	Jul. 31, 2022
Business Combinations [Abstract]
Schedule of total consideration paid for acquisition	The total consideration paid for the acquisition of KLH is as follows (in thousands): Cash disbursed for the acquisition of KLH $ 168,592 Plus: cash acquired 38,499 Plus: aggregate adjustments to purchase price 9,729 Initial purchase price 216,820 Plus: fair value of prior minority ownership 102,858 Total consideration $ 319,678
Schedule of fair values of assets acquired and liabilities	The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition: (In thousands) Cash and cash equivalents $ 38,499 Accounts receivable, net 28,146 Inventories 32,308 Prepaid income taxes 1,100 Prepaid expenses and other current assets 3,347 Property, plant and equipment, net 11,545 Operating lease assets 52,983 Goodwill 46,113 Trademarks 178,823 Customer relationships 4,401 Investments in unconsolidated affiliates 1,381 Deferred income taxes 9,183 Other long-term assets 2,237 Total assets acquired $ 410,066 Notes payable 3,606 Accounts payable 8,057 Accrued expenses 15,261 Operating lease liabilities 56,132 Income taxes payable 2,099 Other long-term liabilities 5,233 Total liabilities assumed $ 90,388 Total fair value of acquisition consideration $ 319,678
Schedule of identifiable intangible assets	Weighted Average Fair Value Amortization Period Trademarks $ 178,823 — Customer relationships 4,401 8 $ 183,224 —
Schedule of pro forma consolidated results of operations	Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 (unaudited, in thousands, except per share amounts) Net sales $ 628,050 $ 518,258 $ 1,362,811 $ 1,073,929 Net income 11,844 39,316 42,060 63,289 Earnings per share: Basic 0.25 0.81 0.88 1.31 Diluted 0.24 0.79 0.86 1.28

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
Intangible Assets (Tables)	Jul. 31, 2022
Intangible Assets [Abstract]
Schedule of intangible assets	Intangible assets consist of: July 31, 2022 Estimated Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In thousands) Finite-lived intangible assets Licenses 14 years $ 18,802 $ (16,978) $ 1,824 Trademarks 8-12 years 2,194 (2,194) — Customer relationships 15-17 years 52,341 (21,354) 30,987 Other 5-10 years 7,080 (4,464) 2,616 Total finite-lived intangible assets $ 80,417 $ (44,990) $ 35,427 Indefinite-lived intangible assets Goodwill 304,930 Trademarks 622,182 Total indefinite-lived intangible assets 927,112 Total intangible assets, net $ 962,539 July 31, 2021 Estimated Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In thousands) Finite-lived intangible assets Licenses 14 years $ 19,653 $ (17,074) $ 2,579 Trademarks 8-12 years 2,194 (2,194) — Customer relationships 15-17 years 48,351 (19,049) 29,302 Other 5-10 years 8,598 (7,343) 1,255 Total finite-lived intangible assets $ 78,796 $ (45,660) $ 33,136 Indefinite-lived intangible assets Goodwill 262,372 Trademarks 441,788 Total indefinite-lived intangible assets 704,160 Total intangible assets, net $ 737,296 January 31, 2022 Estimated Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In thousands) Finite-lived intangible assets Licenses 14 years $ 19,334 $ (17,113) $ 2,221 Trademarks 8-12 years 2,194 (2,194) — Customer relationships 15-17 years 48,240 (20,224) 28,016 Other 5-10 years 8,534 (7,410) 1,124 Total finite-lived intangible assets $ 78,302 $ (46,941) $ 31,361 Indefinite-lived intangible assets Goodwill 262,527 Trademarks 453,329 Total indefinite-lived intangible assets 715,856 Total intangible assets, net $ 747,217
Schedule of estimated intangible amortization expense	The estimated amortization expense with respect to intangibles for the next five years is as follows: Year Ending January 31, Amortization Expense (In thousands) 2023 $ 2,076 2024 3,976 2025 3,927 2026 3,828 2027 3,556
Schedule of changes in amounts of goodwill	Changes in the amounts of goodwill for the six months ended July 31, 2022 and the year ended January 31, 2022 are summarized by reportable segment as follows (in thousands): Wholesale Retail Total January 31, 2021 $ 263,135 — $ 263,135 Acquisition of Sonia Rykiel 1,518 — 1,518 Currency translation (2,126) — (2,126) January 31, 2022 262,527 — 262,527 Acquisition of Karl Lagerfeld 46,113 — 46,113 Currency translation (3,710) — (3,710) July 31, 2022 $ 304,930 $ — $ 304,930

Net Income (Loss) per Common _2

Net Income (Loss) per Common Share (Tables)	6 Months Ended
Net Income (Loss) per Common Share (Tables)	Jul. 31, 2022
Net Income (Loss) 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 July 31, Six Months Ended July 31, 2022 2021 2022 2021 (In thousands, except share and per share amounts) Net income attributable to G-III Apparel Group, Ltd. $ 36,319 $ 19,168 $ 66,953 $ 45,489 Basic net income per share: Basic common shares 47,999 48,476 48,007 48,427 Basic net income per share $ 0.76 $ 0.40 $ 1.39 $ 0.94 Diluted net income per share: Basic common shares 47,999 48,476 48,007 48,427 Dilutive restricted stock unit awards and stock options 1,020 1,047 1,054 1,075 Diluted common shares 49,019 49,523 49,061 49,502 Diluted net income per share $ 0.74 $ 0.39 $ 1.36 $ 0.92

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
NOTES PAYABLE (Tables)	Jul. 31, 2022
Notes Payable [Abstract]
Schedule of long-term debt	Long-term debt consists of the following: July 31, 2022 July 31, 2021 January 31, 2022 (In thousands) Secured Notes $ 400,000 $ 400,000 $ 400,000 Revolving credit facility 51,614 — — LVMH Note 125,000 125,000 125,000 Unsecured loans 7,969 8,930 8,367 Overdraft facilities 3,233 4,500 2,903 Foreign credit facility 391 — — Subtotal 588,207 538,430 536,270 Less: Net debt issuance costs (1) (5,095) (6,794) (5,944) Debt discount (7,335) (13,995) (10,745) Current portion of long-term debt (80,109) (5,624) (4,237) Total $ 495,668 $ 512,017 $ 515,344 (1) Does not include debt issuance costs, net of amortization, totaling $4.8 million, $6.4 million and $5.6 million as of July 31, 2022, July 31, 2021 and January 31, 2022, respectively, related to the revolving credit facility. These debt issuance costs have been deferred and are classified in assets in the accompanying condensed consolidated balance sheets in accordance with ASC 835.

SEGMENTS (Tables)

SEGMENTS (Tables)	6 Months Ended
SEGMENTS (Tables)	Jul. 31, 2022
Segments [Abstract]
Schedule of information regarding reportable segments	The following segment information is presented for the three-month periods indicated below: Three Months Ended July 31, 2022 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 587,955 $ 31,112 $ (13,823) $ 605,244 Cost of goods sold 375,090 15,051 (13,823) 376,318 Gross profit 212,865 16,061 — 228,926 Selling, general and administrative expenses 169,677 21,364 — 191,041 Depreciation and amortization 5,666 990 — 6,656 Gain on lease terminations — (29) — (29) Operating profit (loss) $ 37,522 $ (6,264) $ — $ 31,258 Three Months Ended July 31, 2021 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 467,013 $ 27,285 $ (11,217) $ 483,081 Cost of goods sold 288,306 13,114 (11,217) 290,203 Gross profit 178,707 14,171 — 192,878 Selling, general and administrative expenses 129,291 17,549 — 146,840 Depreciation and amortization 6,086 1,012 — 7,098 Operating profit (loss) $ 43,330 $ (4,390) $ — $ 38,940 Six Months Ended July 31, 2022 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 1,268,859 $ 58,997 $ (33,855) $ 1,294,001 Cost of goods sold 823,860 29,031 (33,855) 819,036 Gross profit 444,999 29,966 — 474,965 Selling, general and administrative expenses 331,495 44,963 — 376,458 Depreciation and amortization 11,080 1,671 — 12,751 Gain on lease terminations — (38) — (38) Operating profit (loss) $ 102,424 $ (16,630) $ — $ 85,794 Six Months Ended July 31, 2021 Wholesale Retail Elimination (1) Total (In thousands) Net sales $ 978,527 $ 46,704 $ (22,240) $ 1,002,991 Cost of goods sold 614,127 22,757 (22,240) 614,644 Gross profit 364,400 23,947 — 388,347 Selling, general and administrative expenses 254,625 33,818 — 288,443 Depreciation and amortization 12,299 1,843 — 14,142 Operating profit (loss) $ 97,476 $ (11,714) $ — $ 85,762 (1) Represents intersegment sales to the Company’s retail operations segment.
Schedule of total net sales for each reportable segments	The total net sales by licensed and proprietary product sales for each of the Company’s reportable segments are as follows: Three Months Ended Six Months Ended July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 (In thousands) Licensed brands $ 317,081 $ 311,263 $ 733,732 $ 652,428 Proprietary brands 270,874 155,750 535,127 326,099 Wholesale net sales $ 587,955 $ 467,013 $ 1,268,859 $ 978,527 Licensed brands $ — $ 8,646 $ — $ 15,180 Proprietary brands 31,112 18,639 58,997 31,524 Retail net sales $ 31,112 $ 27,285 $ 58,997 $ 46,704
Schedule of total net sales and long-lived assets by geographic region	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, 2022 July 31, 2021 January 31, 2022 (In thousands) Wholesale $ 2,410,042 $ 1,483,087 $ 2,073,834 Retail 118,923 86,577 111,517 Corporate 553,389 983,922 557,177 Total assets $ 3,082,354 $ 2,553,586 $ 2,742,528

Basis of Presentation - Textual

Basis of Presentation - Textuals (Details) - USD ($) $ in Thousands	Jul. 31, 2022	May 31, 2022	May 30, 2022	Apr. 30, 2022	Jan. 31, 2022	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021
Schedule of Equity Method Investments [Line Items]
Cumulative effect of adoption of ASC	$ 1,584,001			$ 1,558,292	$ 1,519,912	$ 1,380,612	$ 1,357,876	$ 1,336,241
Retained Earnings
Schedule of Equity Method Investments [Line Items]
Cumulative effect of adoption of ASC	$ 1,183,958			1,147,639	$ 1,117,005	$ 961,901	$ 942,733	916,683
Karl Lagerfeld Holding B.V. ("KLH")
Schedule of Equity Method Investments [Line Items]
Ownership percent			19%
KL North America B.V. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percent	49%		49%
Karl Lagerfeld Holding B.V. ("KLH") \| KL North America B.V. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percent			51%
Karl Lagerfeld Holding B.V. [Member] \| Karl Lagerfeld Holding B.V. ("KLH")
Schedule of Equity Method Investments [Line Items]
Remaining percentage of interest		81%
Karl Lagerfeld Holding B.V. [Member] \| Karl Lagerfeld Holding B.V. ("KLH")
Schedule of Equity Method Investments [Line Items]
Ownership percent			19%
Remaining percentage of interest		81%
Cumulative Effect, Period of Adoption, Adjustment
Schedule of Equity Method Investments [Line Items]
Cumulative effect of adoption of ASC				$ (16,622)				(271)
Cumulative Effect, Period of Adoption, Adjustment \| Retained Earnings
Schedule of Equity Method Investments [Line Items]
Cumulative effect of adoption of ASC								$ (271)

Allowance for Doubtful Accoun_3

Allowance for Doubtful Accounts (Narrative) (Details) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 31, 2022 USD ($) segment	Jul. 31, 2021 USD ($)	Jan. 31, 2022 USD ($)
Allowance for Doubtful Accounts [Abstract]
Number of reportable segments \| segment	2
Increase in allowance for doubtful accounts \| $	$ 719	$ 54	$ 157

Allowance for Doubtful Accoun_4

Allowance for Doubtful Accounts (Accounts Receivable and Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021	Jan. 31, 2021
Segment Reporting Information [Line Items]
Accounts receivable, gross	$ 506,590	$ 622,903	$ 402,489
Allowance for doubtful accounts	(18,067)	(17,391)	(17,442)	$ (17,459)
Accounts receivable, net	488,523	605,512	385,047
Wholesale operations
Segment Reporting Information [Line Items]
Accounts receivable, gross	505,635	620,737	400,714
Allowance for doubtful accounts	(18,001)	(17,307)	(17,386)	(17,429)
Accounts receivable, net	487,634	603,430	383,328
Retail
Segment Reporting Information [Line Items]
Accounts receivable, gross	955	2,166	1,775
Allowance for doubtful accounts	(66)	(84)	(56)	$ (30)
Accounts receivable, net	$ 889	$ 2,082	$ 1,719

Allowance for Doubtful Accoun_5

Allowance for Doubtful Accounts (Activity in Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2022
Segment Reporting Information [Line Items]
Beginning balance	$ (17,391)	$ (17,459)	$ (17,459)
Provision for credit losses, net	(719)	(54)	(157)
Accounts written off as uncollectible	43	71	225
Ending balance	(18,067)	(17,442)	(17,391)
Wholesale operations
Segment Reporting Information [Line Items]
Beginning balance	(17,307)	(17,429)	(17,429)
Provision for credit losses, net	(737)	(28)	(103)
Accounts written off as uncollectible	43	71	225
Ending balance	(18,001)	(17,386)	(17,307)
Retail
Segment Reporting Information [Line Items]
Beginning balance	(84)	(30)	(30)
Provision for credit losses, net	18	(26)	(54)
Ending balance	$ (66)	$ (56)	$ (84)

Inventories - Textuals (Details

Inventories - Textuals (Details) - USD ($) $ in Millions	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Inventory [Line Items]
Inventory held on consignment	$ 5.7	$ 4.5	$ 4.7
Prepaid Expenses and Other Current Assets
Inventory [Line Items]
Inventory return asset	$ 9.3	$ 18.9	$ 11.2

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Level 2 \| Secured notes
Debt Instrument [Line Items]
Debt instruments, carrying value	$ 400,000	$ 400,000	$ 400,000
Debt instruments, fair value	394,000	422,020	400,000
Level 2 \| Revolving credit facility
Debt Instrument [Line Items]
Debt instruments, carrying value	51,614
Debt instruments, fair value	51,614
Level 2 \| Unsecured Loan
Debt Instrument [Line Items]
Debt instruments, carrying value	7,969	8,367	8,930
Debt instruments, fair value	7,969	8,367	9,119
Level 2 \| Overdraft facilities
Debt Instrument [Line Items]
Debt instruments, carrying value	3,233	2,903	4,500
Debt instruments, fair value	3,233	2,903	3,007
Level 2 \| Foreign credit facility
Debt Instrument [Line Items]
Debt instruments, carrying value	391
Debt instruments, fair value	391
Level 3 \| LVMH Note
Debt Instrument [Line Items]
Debt instruments, carrying value	117,665	114,255	111,005
Debt instruments, fair value	$ 114,796	$ 110,123	$ 107,869

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Textuals (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jul. 31, 2022
Level 3
Debt Instrument [Line Items]
Impairment of the operating lease assets, net of tax	$ 1.5
LVMH Note
Debt Instrument [Line Items]
Debt instrument interest rate		2%
Debt Instrument, Face Amount		$ 125
Debt discount		$ 40

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases (Details) - USD ($) $ in Millions	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Lessee, Operating Lease, Description [Abstract]
Option to extend			true
Lessee, operating lease, option to terminate			The exercise of lease renewal options is generally at the Company’s sole discretion. The exercise of lease termination options is generally by mutual agreement between the Company and the lessor.
Variable lease costs and short-term lease costs including rent forgiveness	$ 5.5	$ 1.9	$ 10.6	$ 3.3
Minimum
Lessee, Operating Lease, Description [Abstract]
Operating lease, contract term	1 year		1 year
Renewal term	1 year		1 year
Maximum
Lessee, Operating Lease, Description [Abstract]
Operating lease, contract term	10 years		10 years
Renewal term	10 years		10 years

Leases - Lease assets and liabi

Leases - Lease assets and liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Assets and Liabilities, Lessee [Abstract]
Operating lease assets	$ 209,000	$ 169,595	$ 172,916
Classification of operating lease assets	Operating lease assets
Current operating lease liabilities	$ 49,734	42,763	43,119
Classification current operating lease liabilities	Current operating lease liabilities
Noncurrent operating lease liabilities	$ 179,247	142,868	147,119
Classification of noncurrent operating liabilities	Noncurrent operating lease liabilities
Total lease liabilities	$ 228,981	$ 185,631	$ 190,238

Leases - Lease cost (Details)

Leases - Lease cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Lease cost (Details) - USD ($) $ in Millions	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Selling, general and administrative expenses
Lease, Cost [Abstract]
Lease costs	$ 14.9	$ 13.5	$ 29	$ 27.1

Leases - Future minimum payment

Leases - Future minimum payments under our operating lease (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2023	$ 34,750
2024	58,469
2025	49,938
2026	41,380
20726	33,559
After 2027	67,561
Total lease payments	285,657
Less: Interest	56,676
Present value of lease liabilities	$ 228,981	$ 185,631	$ 190,238

Leases - Other information (Det

Leases - Other information (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Leases [Abstract]
Operating lease, lease not yet commenced, description	As of July 31, 2022, there are no material leases that are legally binding but have not yet commenced.
Weighted average remaining lease term	5 years 6 months
Weighted average discount rate	8.50%
Cash paid for amounts included in the measurement of operating lease liabilities	$ 30	$ 29.4
Right-of-use assets obtained in exchange for lease obligations	$ 69.9	$ 8.6

Karl Lagerfeld Acquisition (Det

Karl Lagerfeld Acquisition (Detail) - May 31, 2022 - Karl Lagerfeld Holding B.V. [Member] $ in Thousands, € in Millions	EUR (€)	USD ($)
Business Acquisition [Line Items]
Initial Purchase Price		$ 216,820
Plus: fair value of prior minority ownership		102,858
Total consideration		$ 319,678
Total consideration \| €	€ 202

Karl Lagerfeld Acquisition (Fai

Karl Lagerfeld Acquisition (Fair Value of Assets Acquired) (Details) - USD ($) $ in Thousands	Jul. 31, 2022	May 31, 2022	Jan. 31, 2022	Jul. 31, 2021	Jan. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 304,930		$ 262,527	$ 262,372	$ 263,135
Karl Lagerfeld Holding B.V. [Member]
Business Acquisition [Line Items]
Cash and cash equivalents		$ 38,499
Accounts receivable		28,146
Inventories		32,308
Prepaid income taxes		1,100
Prepaid expenses & other current assets		3,347
Property, plant and equipment		11,545
Operating lease assets		52,983
Goodwill	$ 46,100	46,113
Investments in unconsolidated affiliates		1,381
Deferred income taxes		9,183
Other long-term assets		2,237
Total assets acquired		410,066
Notes payable		3,606
Accounts payable		8,057
Accrued Expense		15,261
Operating lease liabilities		56,132
Income taxes payable		2,099
Other long-term liabilities		5,233
Total liabilities assumed		90,388
Total fair value of acquisition consideration		319,678
Karl Lagerfeld Holding B.V. [Member] \| Trade Names [Member]
Business Acquisition [Line Items]
Intangible assets		178,823
Karl Lagerfeld Holding B.V. [Member] \| Customer Relationships
Business Acquisition [Line Items]
Intangible assets		$ 4,401

Karl Lagerfeld Acquisition (Cas

Karl Lagerfeld Acquisition (Cash Purchase Price of Acquisition) (Detail) - USD ($) $ in Thousands		6 Months Ended
	May 31, 2022	Jul. 31, 2022
Minus cash acquired and non-cash consideration
Cash disbursed for the acquisition of KLH		$ 168,592
Karl Lagerfeld Holding B.V. [Member]
Business Acquisition [Line Items]
Purchase price	$ 168,592
Minus cash acquired and non-cash consideration
Cash acquired	38,499
Plus: aggregate adjustments to purchase price	$ 9,729

Karl Lagerfeld Acquisition (Int

Karl Lagerfeld Acquisition (Intangible Assets Acquired) (Details) - Karl Lagerfeld Holding B.V. [Member] $ in Thousands	6 Months Ended
	Jul. 31, 2022 USD ($)
Business Acquisition [Line Items]
Fair value	$ 183,224
Weighted average amortization period	0 years
Transaction cost	$ 5,400
Modified period	1 year
Trade Names [Member]
Business Acquisition [Line Items]
Fair value	$ 178,823
Weighted average amortization period	0 years
Customer Relationships
Business Acquisition [Line Items]
Fair value	$ 4,401
Weighted average amortization period	8 years

Karl Lagerfeld Acquisition (Pro

Karl Lagerfeld Acquisition (Pro Forma) (Details) - Karl Lagerfeld Holding B.V. [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Business Acquisition [Line Items]
Net sales	$ 628,050	$ 518,258	$ 1,362,811	$ 1,073,929
Net income	$ 11,844	$ 39,316	$ 42,060	$ 63,289
Basic	$ 0.25	$ 0.81	$ 0.88	$ 1.31
Diluted	$ 0.24	$ 0.79	$ 0.86	$ 1.28

Karl Lagerfeld Acquisition - Te

Karl Lagerfeld Acquisition - Textual (Detail) $ in Thousands, € in Millions				3 Months Ended	6 Months Ended
	May 31, 2022 USD ($)	May 31, 2022 EUR (€)	Feb. 01, 2021 USD ($)	Jul. 31, 2022 USD ($)	Jul. 31, 2022 USD ($)	May 30, 2022	Jan. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jan. 31, 2021 USD ($)
Business Acquisition [Line Items]
Investments in unconsolidated affiliates				$ 26,117	$ 26,117		$ 65,503	$ 63,383
Recorded gain					30,925
Goodwill				$ 304,930	$ 304,930		$ 262,527	$ 262,372	$ 263,135
Karl Lagerfeld Holding B.V. ("KLH")
Business Acquisition [Line Items]
Ownership percent						19%
KL North America B.V. [Member]
Business Acquisition [Line Items]
Ownership percent				49%	49%	49%
Pro Forma [Member]
Business Acquisition [Line Items]
Recorded gain			$ 30,900
Karl Lagerfeld Holding B.V. [Member]
Business Acquisition [Line Items]
Initial Purchase Price	$ 216,820
Business combination, consideration transferred \| €		€ 202
Recorded gain	30,900
Net sales since acquisition				$ 18,200	$ 18,200
Operating income since acquisition				200	200
Goodwill	$ 46,113			$ 46,100	$ 46,100
Estimated Life					15 years
Karl Lagerfeld Holding B.V. [Member] \| Karl Lagerfeld Holding B.V. ("KLH")
Business Acquisition [Line Items]
Remaining percentage of interest	81%
Ownership percent						19%
Karl Lagerfeld Holding B.V. [Member] \| Karl Lagerfeld Holding B.V. ("KLH")
Business Acquisition [Line Items]
Remaining percentage of interest	81%

INTANGIBLE ASSETS - Intangible

INTANGIBLE ASSETS - Intangible assets (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 80,417	$ 78,796	$ 78,302
Accumulated amortization	(44,990)	(45,660)	(46,941)
Total finite-lived intangible assets	35,427	33,136	31,361
Indefinite-lived intangible assets
Goodwill	304,930	262,372	262,527	$ 263,135
Trademarks	622,182	441,788	453,329
Total indefinite-lived intangible assets	927,112	704,160	715,856
Total intangible assets, net	962,539	737,296	747,217
Trademarks
Indefinite-lived intangible assets
Trademarks	622,182	441,788	453,329
License Agreements
Goodwill And Intangible Assets [Line Items]
Subtotal	18,802	19,653	19,334
Accumulated amortization	(16,978)	(17,074)	(17,113)
Total finite-lived intangible assets	$ 1,824	$ 2,579	$ 2,221
Indefinite-lived intangible assets
Estimated Life	14 years	14 years	14 years
Trademarks
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 2,194	$ 2,194	$ 2,194
Accumulated amortization	$ (2,194)	$ (2,194)	$ (2,194)
Trademarks \| Minimum
Indefinite-lived intangible assets
Estimated Life	8 years	8 years	8 years
Trademarks \| Maximum
Indefinite-lived intangible assets
Estimated Life	12 years	12 years	12 years
Customer Relationships
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 52,341	$ 48,351	$ 48,240
Accumulated amortization	(21,354)	(19,049)	(20,224)
Total finite-lived intangible assets	$ 30,987	$ 29,302	$ 28,016
Customer Relationships \| Minimum
Indefinite-lived intangible assets
Estimated Life	15 years	15 years	15 years
Customer Relationships \| Maximum
Indefinite-lived intangible assets
Estimated Life	17 years	17 years	17 years
Other
Goodwill And Intangible Assets [Line Items]
Subtotal	$ 7,080	$ 8,598	$ 8,534
Accumulated amortization	(4,464)	(7,343)	(7,410)
Total finite-lived intangible assets	$ 2,616	$ 1,255	$ 1,124
Other \| Minimum
Indefinite-lived intangible assets
Estimated Life	5 years	5 years	5 years
Other \| Maximum
Indefinite-lived intangible assets
Estimated Life	10 years	10 years	10 years

INTANGIBLE ASSETS - Estimated a

INTANGIBLE ASSETS - Estimated amortization expense (Details) $ in Thousands	Jul. 31, 2022 USD ($)
Intangible Assets [Abstract]
2023	$ 2,076
2024	3,976
2025	3,927
2026	3,828
2027	$ 3,556

INTANGIBLE ASSETS - Change in G

INTANGIBLE ASSETS - Change in Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2022	Jan. 31, 2022
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 262,527	$ 263,135
Acquisition	46,113	1,518
Currency translation	(3,710)	(2,126)
Goodwill, Ending Balance	304,930	262,527
Wholesale operations
Goodwill [Roll Forward]
Goodwill, Beginning Balance	262,527	263,135
Acquisition	46,113	1,518
Currency translation	(3,710)	(2,126)
Goodwill, Ending Balance	$ 304,930	$ 262,527

INTANGIBLE ASSETS - Textuals (D

INTANGIBLE ASSETS - Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Business Acquisition [Line Items]
Intangible assets amortization expense	$ 900	$ 1,000	$ 1,800	$ 1,900	$ 3,700
Goodwill	$ 304,930	$ 262,372	304,930	$ 262,372	262,527	$ 263,135
Reduction in goodwill related to unrecorded indemnification obligations from LVMH			$ 46,113		$ 1,518

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		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Net Income (Loss) per Common Share
Net income attributable to G-III Apparel Group, Ltd.	$ 36,319	$ 19,168	$ 66,953	$ 45,489
Basic net income (loss) per share:
Basic common shares	47,999	48,476	48,007	48,427
Basic net income (loss) per share (in dollars per share)	$ 0.76	$ 0.40	$ 1.39	$ 0.94
Diluted net income (loss) per share:
Basic common shares	47,999	48,476	48,007	48,427
Diluted restricted stock awards and stock options	1,020	1,047	1,054	1,075
Diluted common shares	49,019	49,523	49,061	49,502
Diluted net income (loss) per share (in dollars per share)	$ 0.74	$ 0.39	$ 1.36	$ 0.92

Net Income per Common Share - T

Net Income per Common Share - Textuals (Details) - shares	3 Months Ended		6 Months Ended
Net Income per Common Share - Textuals (Details) - shares	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Net Income (Loss) per Common Share
Common stock excluded from the diluted net income per share calculation	301,300	15,100	205,400	8,200

NOTES PAYABLE - Long-term debt

NOTES PAYABLE - Long-term debt (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Debt Instrument [Line Items]
Total	$ 495,668	$ 515,344	$ 512,017
Long-term Debt
Debt Instrument [Line Items]
Subtotal	588,207	536,270	538,430
Less: Net debt issuance costs	(5,095)	(5,944)	(6,794)
Debt discount	(7,335)	(10,745)	(13,995)
Current portion of long-term debt	(80,109)	(4,237)	(5,624)
Secured notes
Debt Instrument [Line Items]
Debt issuance costs	8,500
Secured notes \| Long-term Debt
Debt Instrument [Line Items]
Subtotal	400,000	400,000	400,000
Revolving credit facility
Debt Instrument [Line Items]
Debt issuance costs	4,800	5,600	6,400
Revolving credit facility \| Long-term Debt
Debt Instrument [Line Items]
Subtotal	51,614
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
Unsecured Loan \| Long-term Debt
Debt Instrument [Line Items]
Subtotal	7,969	8,367	8,930
Overdraft facilities \| Long-term Debt
Debt Instrument [Line Items]
Subtotal	3,233	$ 2,903	$ 4,500
Foreign credit facility \| Long-term Debt
Debt Instrument [Line Items]
Subtotal	$ 391

NOTES PAYABLE - Textuals (Detai

NOTES PAYABLE - Textuals (Details) $ in Thousands, € in Millions, SFr in Millions		1 Months Ended	6 Months Ended	24 Months Ended
	Aug. 06, 2020 USD ($)	Aug. 31, 2020 USD ($)	Jul. 31, 2022 EUR (€)	Jul. 31, 2022 USD ($)	Jul. 31, 2022 EUR (€)	Jul. 31, 2022 CHF (SFr)	Jan. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Aug. 07, 2020 USD ($)
Debt Instrument [Line Items]
Outstanding amount				$ 495,668			$ 515,344	$ 512,017
Unamortized debt issuance costs	$ 3,300
Interest expense	$ 400
Term Loan [Member]
Debt Instrument [Line Items]
Prepayment of principal amount		$ 300,000
Debt issuance costs								6,100
Long-term Debt
Debt Instrument [Line Items]
Debt instruments, carrying value				588,207			536,270	538,430
Debt discount				$ 7,335			10,745	13,995
Secured notes
Debt Instrument [Line Items]
Interest rate terms			The Notes bear interest at a rate of 7.875% per year payable semi-annually in arrears on February 15 and August 15 of each year.
Debt instrument interest rate				7.875%	7.875%	7.875%			7.875%
Frequency of periodic payment			semi-annually
Principal amount of debt									$ 400,000
Debt issuance costs				$ 8,500
Secured notes \| If Company experiences a Change of Control [Member]
Debt Instrument [Line Items]
Redemption percentage				101%
Secured notes \| Long-term Debt
Debt Instrument [Line Items]
Debt instruments, carrying value				$ 400,000			400,000	400,000
Revolving credit facility
Debt Instrument [Line Items]
Debt issuance costs				4,800			5,600	6,400
Revolving credit facility \| Long-term Debt
Debt Instrument [Line Items]
Debt instruments, carrying value				$ 51,614
LVMH Note
Debt Instrument [Line Items]
Debt instrument interest rate				2%	2%	2%
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
Maturity date			Jun. 01, 2023
LVMH Note \| Notes Payable due on December 1, 2023
Debt Instrument [Line Items]
Principal amount of debt				50,000
Maturity date			Dec. 01, 2023
LVMH Note \| Long-term Debt
Debt Instrument [Line Items]
Debt instruments, carrying value				125,000			125,000	125,000
Unsecured Loan \| T.R.B. International SA
Debt Instrument [Line Items]
Borrowings outstanding				8,000	€ 7.6
Installment payments \| €			€ 0.2
Unsecured Loan \| Long-term Debt
Debt Instrument [Line Items]
Debt instruments, carrying value				$ 7,969			$ 8,367	$ 8,930
Overdraft facility
Debt Instrument [Line Items]
Principal amount of debt					€ 5	SFr 4.7
Fixed rate				1.75%	1.75%	1.75%
Debt facility amount				$ 3,200	€ 3.1
Standby Letters of Credit
Debt Instrument [Line Items]
Borrowings outstanding				3,400
Foreign credit facility
Debt Instrument [Line Items]
Maximum borrowing amount \| €					15
Borrowings outstanding				$ 400	€ 0.4
Foreign credit facility \| Euro Interbank Offered Rate [Member]
Debt Instrument [Line Items]
Variable rate spread			1.70%
Minimum \| Unsecured Loan \| T.R.B. International SA
Debt Instrument [Line Items]
Debt instrument interest rate				0%	0%	0%
Minimum \| Overdraft facility
Debt Instrument [Line Items]
Variable interest rate				0%	0%	0%
Maximum \| Unsecured Loan \| T.R.B. International SA
Debt Instrument [Line Items]
Debt instrument interest rate				3%	3%	3%
Maximum \| Overdraft facility
Debt Instrument [Line Items]
Variable interest rate				0.50%	0.50%	0.50%

NOTES PAYABLE - Second Amended

NOTES PAYABLE - Second Amended and Restated ABL Credit Agreement (Details) - USD ($) $ in Thousands		6 Months Ended
	Aug. 07, 2020	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Debt Instrument [Line Items]
Outstanding amount		$ 495,668	$ 515,344	$ 512,017
Second amended and restated credit agreement
Debt Instrument [Line Items]
Weighted average interest rate		6.05%
Outstanding amount		$ 51,600
Second amended and restated credit agreement \| Maximum
Debt Instrument [Line Items]
Debt instrument commitment fee percentage		0.50%
Second amended and restated credit agreement \| Minimum
Debt Instrument [Line Items]
Debt instrument commitment fee percentage		0.35%
Senior secured credit facility
Debt Instrument [Line Items]
Debt issuance costs	$ 8,000
Senior secured credit facility \| One-month LIBOR
Debt Instrument [Line Items]
Spread interest rate	1%
Senior secured credit facility \| Federal funds rate
Debt Instrument [Line Items]
Spread interest rate	0.50%
Senior secured credit facility \| Second amended and restated credit agreement
Debt Instrument [Line Items]
Term of credit agreement	5 years
Senior secured credit facility	$ 650,000
Fixed charge coverage ratio		1%
Credit covenant compliance		As of July 31, 2022, the Company was in compliance with these covenants.
Debt issuance costs	$ 5,100
Senior secured credit facility \| Second amended and restated credit agreement \| Base rate \| Maximum
Debt Instrument [Line Items]
Spread interest rate	1.25%
Senior secured credit facility \| Second amended and restated credit agreement \| Base rate \| Minimum
Debt Instrument [Line Items]
Spread interest rate	0.75%
Senior secured credit facility \| Second amended and restated credit agreement \| LIBOR plus \| Maximum
Debt Instrument [Line Items]
Spread interest rate	2.25%
Senior secured credit facility \| Second amended and restated credit agreement \| LIBOR plus \| Minimum
Debt Instrument [Line Items]
Spread interest rate	1.75%
Trade Letters of Credit
Debt Instrument [Line Items]
Outstanding amount		$ 7,900
Term Loan \| Senior secured credit facility \| Second amended and restated credit agreement
Debt Instrument [Line Items]
Senior secured credit facility	$ 650,000

Revenue Recognition - Textuals

Revenue Recognition - Textuals (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Revenue Recognition [Abstract]
Contract liability	$ 4,000	$ 4,300		$ 5,100
Customer refund liabilities	(56,384)	(63,082)		(86,788)
Revenue recognized related to contract liabilities	$ 2,700	$ 4,800
Contract assets			$ 0	$ 0	$ 0

SEGMENTS - Information Regardin

SEGMENTS - Information Regarding Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 605,244	$ 483,081	$ 1,294,001	$ 1,002,991
Cost of goods sold	376,318	290,203	819,036	614,644
Gross profit	228,926	192,878	474,965	388,347
Selling, general and administrative expenses	191,041	146,840	376,458	288,443
Depreciation and amortization	6,656	7,098	12,751	14,142
Gain on lease modifications	(29)		(38)
Operating profit (loss)	31,258	38,940	85,794	85,762
Wholesale operations
Segment Reporting Information [Line Items]
Net sales	587,955	467,013	1,268,859	978,527
Retail
Segment Reporting Information [Line Items]
Net sales	31,112	27,285	58,997	46,704
Operating Segments \| Wholesale operations
Segment Reporting Information [Line Items]
Net sales	587,955	467,013	1,268,859	978,527
Cost of goods sold	375,090	288,306	823,860	614,127
Gross profit	212,865	178,707	444,999	364,400
Selling, general and administrative expenses	169,677	129,291	331,495	254,625
Depreciation and amortization	5,666	6,086	11,080	12,299
Operating profit (loss)	37,522	43,330	102,424	97,476
Operating Segments \| Retail
Segment Reporting Information [Line Items]
Net sales	31,112	27,285	58,997	46,704
Cost of goods sold	15,051	13,114	29,031	22,757
Gross profit	16,061	14,171	29,966	23,947
Selling, general and administrative expenses	21,364	17,549	44,963	33,818
Depreciation and amortization	990	1,012	1,671	1,843
Gain on lease modifications	(29)		(38)
Operating profit (loss)	(6,264)	(4,390)	(16,630)	(11,714)
Elimination
Segment Reporting Information [Line Items]
Net sales	(13,823)	(11,217)	(33,855)	(22,240)
Cost of goods sold	$ (13,823)	$ (11,217)	$ (33,855)	$ (22,240)

SEGMENTS - Schedule of Total Ne

SEGMENTS - Schedule of Total Net Sales by Licensed and Proprietary Product Sales (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 605,244	$ 483,081	$ 1,294,001	$ 1,002,991
Wholesale operations
Segment Reporting Information [Line Items]
Net sales	587,955	467,013	1,268,859	978,527
Wholesale operations \| Licensed Brands [Member]
Segment Reporting Information [Line Items]
Net sales	317,081	311,263	733,732	652,428
Wholesale operations \| Proprietary Brands [Member]
Segment Reporting Information [Line Items]
Net sales	270,874	155,750	535,127	326,099
Retail
Segment Reporting Information [Line Items]
Net sales	31,112	27,285	58,997	46,704
Retail \| Licensed Brands [Member]
Segment Reporting Information [Line Items]
Net sales		8,646		15,180
Retail \| Proprietary Brands [Member]
Segment Reporting Information [Line Items]
Net sales	31,112	18,639	58,997	31,524
Operating Segments \| Wholesale operations
Segment Reporting Information [Line Items]
Net sales	587,955	467,013	1,268,859	978,527
Operating Segments \| Retail
Segment Reporting Information [Line Items]
Net sales	31,112	27,285	58,997	46,704
Elimination
Segment Reporting Information [Line Items]
Net sales	$ (13,823)	$ (11,217)	$ (33,855)	$ (22,240)

SEGMENTS - Information of Total

SEGMENTS - Information of Total Assets for Company's Reportable Segments (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Segment Reporting Information [Line Items]
Total assets	$ 3,082,354	$ 2,742,528	$ 2,553,586
Wholesale operations
Segment Reporting Information [Line Items]
Total assets	2,410,042	2,073,834	1,483,087
Retail
Segment Reporting Information [Line Items]
Total assets	118,923	111,517	86,577
Corporate Segment
Segment Reporting Information [Line Items]
Total assets	$ 553,389	$ 557,177	$ 983,922

SEGMENTS - Method of Overhead A

SEGMENTS - Method of Overhead Allocation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Segments [Abstract]
Revenues	$ 605,244	$ 483,081	$ 1,294,001	$ 1,002,991

STOCKHOLDERS' EQUITY - Textuals

STOCKHOLDERS' EQUITY - Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Stockholders' Equity [Abstract]
Common stock, shares issued	0	0	0	0
Treasury stock, shares utilized of equity awards	111,583	189,313	383,119	189,471
Aggregate purchase price			$ 16,622

Canadian Customs Duty Examina_2

Canadian Customs Duty Examination - Textuals (Details) $ in Millions, $ in Millions	1 Months Ended		6 Months Ended		34 Months Ended
	Mar. 31, 2018 CAD ($)	Mar. 31, 2018 USD ($)	Jul. 31, 2022 CAD ($)	Jul. 31, 2022 USD ($)	Nov. 25, 2020 CAD ($)	Nov. 25, 2020 USD ($)
Canadian Customs Duty Examination [Line Items]
Interest expense					$ 1	$ 0.8
CBSA
Canadian Customs Duty Examination [Line Items]
Value of bond issued for prepayments of additional duties	$ 26.9	$ 20.9
Taxes paid and deferred for higher dutiable values				$ 0
Deferred higher dutiable value			$ 14.8	$ 11.6

Recent Adopted and Issued Acc_3

Recent Adopted and Issued Accounting Pronouncements (Details) $ in Millions	Jul. 31, 2021 USD ($)
Revolving credit facility
Line of Credit Facility [Line Items]
Availability under revolving credit facility	$ 580