G-III Apparel (GIII) 10-Q 5 Jun 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Apr. 30, 2014	Jun. 01, 2014
Document And Entity Information Abstract	'	'
Entity Registrant Name	'G III APPAREL GROUP LTD /DE/	'
Entity Central Index Key	'0000821002	'
Trading Symbol	'giii	'
Current Fiscal Year End Date	'--01-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock Shares Outstanding	'	20,541,266
Document Type	'10-Q	'
Document Period End Date	30-Apr-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Apr. 30, 2014	Jan. 31, 2014	Apr. 30, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS	'	'	'
Cash and cash equivalents	$23,610	$22,091	$20,620
Accounts receivable, net of allowances for doubtful accounts and sales discounts of $51,034, $35,585 and $54,987, respectively	145,010	160,010	151,841
Inventories	322,659	359,639	242,072
Prepaid income taxes	16,529	6,807	2,226
Deferred income taxes, net	16,331	16,331	10,290
Prepaid expenses and other current assets	26,796	21,312	24,392
Total current assets	550,935	586,190	451,441
PROPERTY AND EQUIPMENT, NET	69,080	62,832	43,912
OTHER ASSETS	32,848	31,259	20,323
OTHER INTANGIBLES, NET	13,741	13,926	12,905
TRADEMARKS, NET	80,959	81,086	74,285
GOODWILL	55,572	55,604	61,359
TOTAL ASSETS	803,135	830,897	664,225
CURRENT LIABILITIES	'	'	'
Notes payable	62,950	48,843	76,088
Accounts payable	103,382	131,241	69,682
Accrued expenses	36,839	56,468	30,403
Due to noncontrolling shareholder	5,146	4,674	2,444
Total current liabilities	208,317	241,226	178,617
NOTES PAYABLE	20,537	20,560	19,231
DEFERRED INCOME TAXES, NET	22,078	22,100	16,316
CONTINGENT PURCHASE PRICE PAYABLE	5,544	5,550	5,627
OTHER NON- CURRENT LIABILITIES	20,154	19,465	13,280
TOTAL LIABILITIES	276,630	308,901	233,071
STOCKHOLDERS' EQUITY	'	'	'
Preferred stock; 1,000,000 shares authorized; No shares issued and outstanding	'	'	'
Common stock - $.01 par value; 80,000,000 shares authorized; 21,033,491, 20,735,127 and 20,935,804 shares issued	210	209	208
Additional paid-in capital	188,294	184,841	174,389
Accumulated other comprehensive income	6,129	6,165	1,144
Retained earnings	337,088	335,797	259,556
Common stock held in treasury, at cost - 492,225 shares	-3,899	-3,899	-3,899
Total G-III stockholders' equity	527,822	523,113	431,398
Noncontrolling interest	-1,317	-1,117	-244
Total stockholders' equity	526,505	521,996	431,154
Total liabilities and shareholders' equity	$803,135	$830,897	$664,225

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Apr. 30, 2014	Jan. 31, 2014	Apr. 30, 2013
In Thousands, except Share data, unless otherwise specified
Statement Of Financial Position [Abstract]	'	'	'
Allowance for doubtful accounts and sales discounts on accounts receivable (in dollars)	$51,034	$54,987	$35,585
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued	'	'	'
Preferred stock, shares outstanding	'	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01	$0.01
Common stock, shares authorized	80,000,000	80,000,000	80,000,000
Common stock, shares issued	21,033,491	20,935,804	20,735,127
Treasury stock, shares	492,225	492,225	492,225

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2014	Apr. 30, 2013
Income Statement [Abstract]	'	'
Net sales	$366,192	$272,615
Cost of goods sold	236,015	180,223
Gross profit	130,177	92,392
Selling, general and administrative expenses	122,441	85,828
Depreciation and amortization	4,227	3,121
Operating profit	3,509	3,443
Interest and financing charges, net	1,752	1,777
Income before income taxes	1,757	1,666
Income tax expense	668	633
Net income	1,089	1,033
Add: Loss attributable to noncontrolling interest	201	85
Income attributable to G-III	1,290	1,118
Basic:	'	'
Net income per common share (in dollars per share)	$0.06	$0.06
Weighted average number of shares outstanding (in shares)	20,488	20,161
Diluted:	'	'
Net income per common share (in dollars per share)	$0.06	$0.05
Weighted average number of shares outstanding (in shares)	21,022	20,402
Net income attributable to G-III	1,290	1,118
Other comprehensive loss:	'	'
Foreign currency translation adjustments	-36	-2,379
Other comprehensive loss	-36	-2,379
Comprehensive income (loss)	$1,254	($1,261)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2014	Apr. 30, 2013
Cash flows from operating activities	'	'
Net income	$1,089	$1,033
Adjustments to reconcile net income to net cash used in operating activities, net of assets and liabilities acquired:	'	'
Depreciation and amortization	4,227	3,121
Equity based compensation	2,923	1,980
Tax benefit from exercise/vesting of equity awards	4,290	1,989
Deferred financing charges	180	165
Changes in operating assets and liabilities:	'	'
Accounts receivable, net	14,945	26,234
Inventories	37,010	38,645
Income taxes, net	-9,722	-14,420
Prepaid expenses and other current assets	-5,435	-4,656
Other assets, net	-2,036	-11,639
Accounts payable, accrued expenses and other liabilities	-50,794	-56,614
Net cash used in operating activities	-3,323	-14,162
Cash flows from investing activities	'	'
Capital expenditures	-10,125	-4,579
Net cash used in investing activities	-10,125	-4,579
Cash flows from financing activities	'	'
Proceeds from notes payable, net	14,107	11,088
Proceeds from exercise of equity awards	558	236
Excess tax benefit from exercise/vesting of equity awards	4,290	1,292
Taxes paid for net share settlement	-4,316	-946
Noncontrolling interest investment, net	472	'
Loss attributable to noncontrolling interest	'	85
Net cash provided by financing activities	15,111	11,755
Foreign currency translation adjustments	-144	246
Net increase (decrease) in cash and cash equivalents	1,519	-6,740
Cash and cash equivalents at beginning of period	22,091	27,360
Cash and cash equivalents at end of period	23,610	20,620
Cash paid during the year for:	'	'
Interest	1,208	1,805
Income taxes	$6,055	$12,962

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Note 1 – Basis of Presentation
	As used in these financial statements, the term “Company” or “G-III” refers to G-III Apparel Group, Ltd. and its subsidiaries. The Company designs, manufactures and markets an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as footwear, luggage and women’s handbags, small leather goods and cold weather accessories. The Company also operates retail stores.
	The Company consolidates the accounts of all its wholly-owned and majority-owned subsidiaries. All material intercompany balances and transactions have been eliminated. Vilebrequin International SA (“Vilebrequin”), a Swiss corporation, and the Company’s joint venture that operates Calvin Klein Performance retail stores in mainland China and Hong Kong, G-T (International) Fashion Company Limited (“G-T Fashion”), 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 and G-T Fashion are and will be included in the financial statements for the quarter ended or ending closest to the Company’s fiscal quarter. For example, in this Form 10-Q for the quarter ended April 30, 2014, the results of Vilebrequin and G-T Fashion are included for the three month period ended March 31, 2014.
	The results for the three month period ended April 30, 2014 are not necessarily indicative of the results expected for the entire fiscal year, given the seasonal nature of the Company’s business. The accompanying financial statements included herein are unaudited. In the opinion of management, 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, 2014 filed with the Securities and Exchange Commission.

Acquisition_of_GH_Bass

Acquisition of G.H. Bass	3 Months Ended
	Apr. 30, 2014
Business Combinations [Abstract]	'
Acquisition of G.H. Bass	'
	Note 2 – Acquisition of G.H. Bass
	On November 4, 2013, G-III Apparel Group, Ltd. and its indirect wholly-owned subsidiary, AM Retail Group, Inc (“AM Retail Group”) entered into an asset purchase agreement with PVH Retail Stores LLC, PVH Corp. and PVH of Puerto Rico, Inc., providing for the sale to AM Retail Group of substantially all of the assets of the G.H. Bass & Co. (“G.H. Bass”) business, including approximately 160 G.H. Bass & Co. outlet stores. The purchase price was $49.2 million in cash.
	G.H. Bass & Co. is a well-known heritage brand that embodies classic American style. The Company sells G.H. Bass & Co. footwear, apparel and accessories primarily through approximately 160 outlet stores located in the United States. The Company also licenses the brand for the wholesale distribution of men’s and women’s footwear and men’s sportswear.
	The results of G.H. Bass have been included in these consolidated financial statements since the date of acquisition.

Inventories

Inventories	3 Months Ended
	Apr. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Note 3 – Inventories
	Wholesale inventories are stated at the lower of cost (determined by the first-in, first out method) or market which comprises a significant portion of the Company’s inventory. Retail inventories are valued at the lower of cost or market as determined by the retail inventory method. Vilebrequin inventories are stated at the lower of cost (determined by the weighted average method) or market. Inventories consist of:
		30-Apr-14		30-Apr-13		31-Jan-14
		(In thousands)
	Finished goods	$	310,907	$	229,268	$	350,627
	Raw materials and work-in-process		11,752		12,804		9,012
		$	322,659	$	242,072	$	359,639

Net_Income_per_Common_Share

Net Income per Common Share	3 Months Ended
	Apr. 30, 2014
Earnings Per Share [Abstract]	'
Net Income per Common Share	'
	Note 4 – Net Income per Common Share
	Basic net income per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock awards and stock options outstanding, during the period. In addition, 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. Approximately 325,500 shares of common stock have been excluded from the diluted net income per share calculation for the three months ended April 30, 2014. For the three months ended April 30, 2014 and 2013, 97,687 and 118,170 shares of common stock, respectively, were issued in connection with the exercise or vesting of equity awards.
	The reconciliation between basic and diluted net income per share is as follows:
		Three Months Ended
		April 30,
		2014		2013
		(In thousands, except per share amounts)
	Net income attributable to G-III	$	1,290	$	1,118
	Basic net income per share:
	Basic common shares		20,488		20,161
	Basic net income per share	$	0.06	$	0.06
	Diluted net income per share:
	Basic common shares		20,488		20,161
	Stock options and restricted stock awards		534		241
	Diluted common shares		21,022		20,402
	Diluted net income per share	$	0.06	$	0.05

Notes_Payable_and_Other_Liabil

Notes Payable and Other Liabilities	3 Months Ended
	Apr. 30, 2014
Debt Disclosure [Abstract]	'
Notes Payable and Other Liabilities	'
	Note 5 – Notes Payable and Other Liabilities
	The Company’s credit agreement with JPMorgan Chase Bank, N.A., as Administrative Agent for a group of lenders, is a five year senior secured credit facility through August 2017 providing for borrowings in the aggregate principal amount of up to $450 million. Amounts available under the credit agreement are subject to borrowing base formulas and over advances as specified in the credit agreement. As of April 30, 2014, there was $160.9 million available under the credit agreement.
	Borrowings bear interest, at the Company’s option, at LIBOR plus a margin of 1.5% to 2.0% or prime plus a margin of 0.5% to 1.0%, with the applicable margin determined based on availability under the credit agreement. The credit agreement requires the Company to maintain a minimum fixed charge coverage ratio, as defined, under certain circumstances and prohibited payments for cash dividends, stock redemptions and share repurchases until February 2014, after which such payments may be made subject to compliance with certain covenants. As of April 30, 2014, the Company was in compliance with these covenants.
	The credit agreement is secured by all of the assets of G-III Apparel Group, Ltd. and its subsidiaries, G-III Leather Fashions, Inc., Riviera Sun, Inc., CK Outerwear, LLC, Andrew & Suzanne Company Inc., AM Retail Group, Inc., G-III Apparel Canada ULC, G-III License Company, LLC and AM Apparel Holdings, Inc.
	Amounts payable under the Company’s credit agreement were $63.0 million at April 30, 2014 and $76.1 million at April 30, 2013.
	In August 2012, as part of the purchase price in connection with the Company’s acquisition of Vilebrequin, the Company issued to the seller €15.0 million (approximately $18.6 million using the exchange rate on the date of acquisition) principal amount of unsecured promissory notes due December 31, 2017, with interest payable at the rate of 5% per year. The promissory notes were recorded at stated value, which approximated fair value, on the date of issuance. The fair value of these promissory notes was $20.5 million at April 30, 2014 (using the exchange rate on that date), which approximated their carrying value.
	Due to noncontrolling shareholder consists of amounts loaned to G-T Fashion and its subsidiary by the other joint venture partner. These loans, in the aggregate principal amount of $5.1 million as of April 30, 2014, are unsecured and have maturities of less than one year.

Segments

Segments	3 Months Ended
	Apr. 30, 2014
Segment Reporting [Abstract]	'
Segments	'
	Note 6 – Segments
	The Company’s reportable segments are business units that offer products through different channels of distribution and are managed separately. The Company has three reportable segments; licensed products, non-licensed products and retail operations. The G.H. Bass business was added to the retail operations segment upon its acquisition in November 2013. There is substantial intersegment cooperation, cost allocations and sharing of assets between the licensed and non-licensed products segments. As a result, the Company does not represent that these segments, if operated independently, would report the operating results set forth in the table below. The following information, in thousands, is presented for the three month periods indicated below:
			Three Months Ended April 30, 2014
			Licensed		Non-Licensed			Retail			Elimination (1)			Total
	Net sales		$	216,715	$	67,749		$	95,633		$	(13,905	)	$	366,192
	Cost of goods sold			155,791		43,462			50,667			(13,905	)		236,015
	Gross profit			60,924		24,287			44,966			-			130,177
	Selling, general and administrative			49,478		21,220			51,743			-			122,441
	Depreciation and amortization			854		1,978			1,395			-			4,227
	Operating profit (loss)		$	10,592	$	1,089		$	(8,172	)	$	-		$	3,509
			Three Months Ended April 30, 2013
			Licensed		Non-Licensed			Retail			Elimination (1)			Total
	Net sales		$	180,507	$	60,689		$	45,250		$	(13,831	)	$	272,615
	Cost of goods sold			130,302		41,495			22,211			(13,785	)		180,223
	Gross profit			50,205		19,194			23,039			(46	)		92,392
	Selling, general and administrative			46,257		19,298			20,335			(62	)		85,828
	Depreciation and amortization			485		1,940			696			-			3,121
	Operating profit (loss)		$	3,463	$	(2,044	)	$	2,008		$	16		$	3,443
		-1	Represents intersegment sales to the Company’s retail operations.
	The total assets for each of the Company’s reportable segments are as follow:
			April 30,
			2014		2013
			(In thousands)
	Licensed		$	342,418	$	320,911
	Non-Licensed			233,294		216,306
	Retail			144,300		61,123
	Corporate			83,123		65,885
	Total Assets		$	803,135	$	664,225

Investment_in_Joint_Venture

Investment in Joint Venture	3 Months Ended
	Apr. 30, 2014
Equity Method Investments And Joint Ventures [Abstract]	'
Investment in Joint Venture	'
	Note 7 – Investment in Joint Venture
	The Company owns 51% of a joint venture that operates Calvin Klein Performance retail stores in mainland China and Hong Kong and consolidates its accounts in the Company’s financial statements. The Company’s share of net loss of this investment is included in the Consolidated Statements of Operations. The joint venture’s loss from continuing operations was $410,000 for the three months ended April 30, 2014.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2014
Accounting Changes And Error Corrections [Abstract]	'
Recent Accounting Pronouncements	'
	Note 8 – Recent Accounting Pronouncements
	In July 2013, the Financial Accounting Standards Board (“FASB”) issued the Accounting Statement Update (“ASU”) 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). The amendments in ASU 2013-11 require companies to present an unrecognized tax benefit, or a portion thereof, as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward, unless the uncertain tax position is not available to reduce, or would not be used to reduce, the net operating loss or tax credit carryforward under the tax law in the same jurisdiction; otherwise, the unrecognized tax benefit should be presented as a gross liability and should not be combined with a deferred tax asset. ASU 2013-11 is effective for annual periods beginning after December 15, 2013 and should be applied to all unrecognized tax benefits that exist as of the effective date. Companies may choose to apply this guidance retrospectively to each prior reporting period presented. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.
	In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements and Property, Plant, and Equipment,” (ASU 2014-08). This ASU changes the threshold for reporting discontinued operations and adds new disclosures. The new guidance defines a discontinued operation as a disposal of a component or group of components that is disposed of or is classified as held for sale and “represents a strategic shift that has (or will have) a major effect on the Company’s operations and financial results.” For disposals of individually significant components that do not qualify as discontinued operations, the Company must disclose pre-tax earnings of the disposed component. This guidance is effective for the Company prospectively for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

Subsequent_Events

Subsequent Events	3 Months Ended
	Apr. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 9 – Subsequent Events
	The Company has considered subsequent events up to the filing date and does not believe there are any occurrences that would have a material impact on its results of operations.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Apr. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of inventories	'
		30-Apr-14		30-Apr-13		31-Jan-14
		(In thousands)
	Finished goods	$	310,907	$	229,268	$	350,627
	Raw materials and work-in-process		11,752		12,804		9,012
		$	322,659	$	242,072	$	359,639

Net_Income_per_Common_Share_Ta

Net Income per Common Share (Tables)	3 Months Ended
	Apr. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of reconciliation between basic and diluted net income per share	'
		Three Months Ended
		April 30,
		2014		2013
		(In thousands, except per share amounts)
	Net income attributable to G-III	$	1,290	$	1,118
	Basic net income per share:
	Basic common shares		20,488		20,161
	Basic net income per share	$	0.06	$	0.06
	Diluted net income per share:
	Basic common shares		20,488		20,161
	Stock options and
	restricted stock awards		534		241
	Diluted common shares		21,022		20,402
	Diluted net income per share	$	0.06	$	0.05

Segments_Tables

Segments (Tables)	3 Months Ended
	Apr. 30, 2014
Segment Reporting [Abstract]	'
Schedule of information regarding reportable segments	'
			Three Months Ended April 30, 2014
			Licensed		Non-Licensed			Retail			Elimination (1)			Total
	Net sales		$	216,715	$	67,749		$	95,633		$	(13,905	)	$	366,192
	Cost of goods sold			155,791		43,462			50,667			(13,905	)		236,015
	Gross profit			60,924		24,287			44,966			-			130,177
	Selling, general and administrative			49,478		21,220			51,743			-			122,441
	Depreciation and amortization			854		1,978			1,395			-			4,227
	Operating profit (loss)		$	10,592	$	1,089		$	(8,172	)	$	-		$	3,509
			Three Months Ended April 30, 2013
			Licensed		Non-Licensed			Retail			Elimination (1)			Total
	Net sales		$	180,507	$	60,689		$	45,250		$	(13,831	)	$	272,615
	Cost of goods sold			130,302		41,495			22,211			(13,785	)		180,223
	Gross profit			50,205		19,194			23,039			(46	)		92,392
	Selling, general and administrative			46,257		19,298			20,335			(62	)		85,828
	Depreciation and amortization			485		1,940			696			-			3,121
	Operating profit (loss)		$	3,463	$	(2,044	)	$	2,008		$	16		$	3,443
		-1	Represents intersegment sales to the Company’s retail operations.
Schedule of total assets for each reportable segments	'
			April 30,
			2014		2013
			(In thousands)
	Licensed		$	342,418	$	320,911
	Non-Licensed			233,294		216,306
	Retail			144,300		61,123
	Corporate			83,123		65,885
	Total Assets		$	803,135	$	664,225

Acquisition_of_GH_Bass_Detail_

Acquisition of G.H. Bass (Detail Textuals) (G.H. Bass, USD $)	0 Months Ended
In Millions, unless otherwise specified	Nov. 04, 2013
	Store
G.H. Bass	'
Business Acquisition [Line Items]	'
Business acquisition agreement, consideration in cash	$49.20
Number of outlet stores acquired	160

Inventories_Details

Inventories (Details) (USD $)	Apr. 30, 2014	Jan. 31, 2014	Apr. 30, 2013
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'	'
Finished goods	$310,907	$350,627	$229,268
Raw materials and work-in-process	11,752	9,012	12,804
Inventories	$322,659	$359,639	$242,072

Net_Income_per_Common_Share_Re

Net Income per Common Share - Reconciliation between basic and diluted net income per share (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2014	Apr. 30, 2013
Earnings Per Share [Abstract]	'	'
Net income attributable to G-III	$1,290	$1,118
Basic net income per share:	'	'
Basic common shares	20,488	20,161
Basic net income per share (in dollars per share)	$0.06	$0.06
Diluted net income per share:	'	'
Basic common shares	20,488	20,161
Stock options and restricted stock awards	534	241
Diluted common shares	21,022	20,402
Diluted net income per share (in dollars per share)	$0.06	$0.05

Net_Income_per_Common_Share_De

Net Income per Common Share (Detail Textuals)	3 Months Ended
	Apr. 30, 2014	Apr. 30, 2013
Earnings Per Share [Abstract]	'	'
Common stock excluded from the diluted net income per share calculation	325,500	'
Common stock issued in connection with exercise or vesting of equity awards	97,687	118,170

Notes_Payable_and_Other_Liabil1

Notes Payable and Other Liabilities (Detail Textuals)	1 Months Ended				1 Months Ended			1 Months Ended
	Aug. 31, 2012	Apr. 30, 2014	Jan. 31, 2014	Apr. 30, 2013	Aug. 07, 2012	Aug. 07, 2012	Aug. 07, 2012	Aug. 31, 2012	Aug. 31, 2012	Aug. 31, 2012	Aug. 31, 2012
	USD ($)	USD ($)	USD ($)	USD ($)	Vilebrequin	Vilebrequin	Vilebrequin	LIBOR plus	LIBOR plus	Prime plus	Prime plus
					USD ($)	EUR (€)	Unsecured promissory notes	Minimum	Maximum	Minimum	Maximum
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Senior secured credit facility	$450,000,000	'	'	'	'	'	'	'	'	'	'
Term of senior secured credit facility	'5 years	'	'	'	'	'	'	'	'	'	'
Amount available under credit agreement	'	160,900,000	'	'	'	'	'	'	'	'	'
Spread interest rate	'	'	'	'	'	'	'	1.50%	2.00%	0.50%	1.00%
Amounts payable under the Company's financing agreement	'	63,000,000	'	76,100,000	'	'	'	'	'	'	'
Business acquisition, liabilities incurred	'	20,537,000	20,560,000	19,231,000	18,600,000	15,000,000	'	'	'	'	'
Business acquisition, interest payable rate	'	'	'	'	'	'	5.00%	'	'	'	'
Maturity date of promissory notes	'	'	'	'	31-Dec-17	31-Dec-17	'	'	'	'	'
Fair value of promissory notes	'	20,500,000	'	'	'	'	'	'	'	'	'
Due to noncontrolling shareholder	'	$5,146,000	$4,674,000	$2,444,000	'	'	'	'	'	'	'

Segments_Information_regarding

Segments - Information regarding reportable segments (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2014		Apr. 30, 2013
Segment Reporting Information [Line Items]	'		'
Net sales	$366,192		$272,615
Cost of goods sold	236,015		180,223
Gross profit	130,177		92,392
Selling, general and administrative	122,441		85,828
Depreciation and amortization	4,227		3,121
Operating profit (loss)	3,509		3,443
Operating Segments | Licensed	'		'
Segment Reporting Information [Line Items]	'		'
Net sales	216,715		180,507
Cost of goods sold	155,791		130,302
Gross profit	60,924		50,205
Selling, general and administrative	49,478		46,257
Depreciation and amortization	854		485
Operating profit (loss)	10,592		3,463
Operating Segments | Non-Licensed	'		'
Segment Reporting Information [Line Items]	'		'
Net sales	67,749		60,689
Cost of goods sold	43,462		41,495
Gross profit	24,287		19,194
Selling, general and administrative	21,220		19,298
Depreciation and amortization	1,978		1,940
Operating profit (loss)	1,089		-2,044
Operating Segments | Retail	'		'
Segment Reporting Information [Line Items]	'		'
Net sales	95,633		45,250
Cost of goods sold	50,667		22,211
Gross profit	44,966		23,039
Selling, general and administrative	51,743		20,335
Depreciation and amortization	1,395		696
Operating profit (loss)	-8,172		2,008
Elimination	'		'
Segment Reporting Information [Line Items]	'		'
Net sales	-13,905	[1]	-13,831	[1]
Cost of goods sold	-13,905	[1]	-13,785	[1]
Gross profit	'	[1]	-46	[1]
Selling, general and administrative	'	[1]	-62	[1]
Depreciation and amortization	'	[1]	'	[1]
Operating profit (loss)	'	[1]	$16	[1]
[1]	Represents intersegment sales to the Company's retail operations.

Segments_Information_of_total_

Segments - Information of total assets for company's reportable segments (Detail) (USD $)	Apr. 30, 2014	Jan. 31, 2014	Apr. 30, 2013
In Thousands, unless otherwise specified
Segment Reporting Information [Line Items]	'	'	'
Total assets	$803,135	$830,897	$664,225
Licensed	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total assets	342,418	'	320,911
Non-Licensed	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total assets	233,294	'	216,306
Retail	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total assets	144,300	'	61,123
Corporate	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total assets	$83,123	'	$65,885

Segments_Detail_Textuals

Segments (Detail Textuals)	3 Months Ended
	Apr. 30, 2014
	Segment
Segment Reporting [Abstract]	'
Number of operating segments	3

Investment_in_Joint_Venture_De

Investment in Joint Venture (Detail Textuals) (USD $)	3 Months Ended
	Apr. 30, 2014
Equity Method Investments And Joint Ventures [Abstract]	'
Ownership interest in joint venture	51.00%
Joint venture's loss from continuing operation	($410,000)