G-III Apparel (GIII) 10-Q 9 Dec 14 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Oct. 31, 2014	Dec. 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	'	22,471,697
Document Type	'10-Q	'
Document Period End Date	31-Oct-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS(USD ($))	Oct. 31, 2014	Jan. 31, 2014	Oct. 31, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS	'	'	'
Cash and cash equivalents	$49,158	$22,091	$29,811
Accounts receivable, net of allowances for doubtful accounts and sales discounts of $60,685, $60,503 and $54,987, respectively	453,571	160,010	397,546
Inventories	436,367	359,639	323,334
Prepaid income taxes	'	6,807	'
Deferred income taxes, net	16,335	16,331	10,318
Prepaid expenses and other current assets	17,833	21,312	16,811
Total current assets	973,264	586,190	777,820
PROPERTY AND EQUIPMENT, NET	79,583	62,832	49,639
OTHER ASSETS	28,969	31,259	30,320
OTHER INTANGIBLES, NET	13,497	13,926	14,065
TRADEMARKS, NET	75,815	81,086	77,499
GOODWILL	53,273	55,604	55,257
TOTAL ASSETS	1,224,401	830,897	1,004,600
CURRENT LIABILITIES	'	'	'
Notes payable	153,853	48,843	215,782
Income taxes payable	24,117	'	30,905
Accounts payable	165,162	131,241	113,914
Accrued expenses	89,877	56,468	69,432
Due to noncontrolling shareholder	'	4,674	4,180
Total current liabilities	433,009	241,226	434,213
NOTES PAYABLE	'	20,560	20,287
DEFERRED INCOME TAXES, NET	20,585	22,100	20,026
CONTINGENT PURCHASE PRICE PAYABLE	1,015	5,550	5,936
OTHER NON-CURRENT LIABILITIES	21,548	19,465	18,298
TOTAL LIABILITIES	476,157	308,901	498,760
STOCKHOLDERS' EQUITY	'	'	'
Preferred stock; 1,000,000 shares authorized; No shares issued and outstanding	'	'	'
Common stock - $.01 par value; 80,000,000 shares authorized; 22,963,922, 20,892,046 and 20,935,804 shares issued	229	209	209
Additional paid-in capital	329,944	184,841	182,602
Accumulated other comprehensive income (loss)	-1,969	6,165	4,769
Retained earnings	423,939	335,797	322,895
Common stock held in treasury, at cost - 492,225 shares	-3,899	-3,899	-3,899
Total G-III stockholders' equity	748,244	523,113	506,576
Noncontrolling interest	'	-1,117	-736
TOTAL STOCKHOLDERS' EQUITY	748,244	521,996	505,840
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY	$1,224,401	$830,897	$1,004,600

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Oct. 31, 2014	Jan. 31, 2014	Oct. 31, 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)	$60,685	$54,987	$60,503
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	22,963,922	20,935,804	20,892,046
Treasury stock, shares	492,225	492,225	492,225

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Income Statement [Abstract]	'	'	'	'
Net sales	$812,330	$668,702	$1,602,532	$1,245,476
Cost of goods sold	517,078	441,757	1,028,762	826,654
Gross profit	295,252	226,945	573,770	418,822
Selling, general and administrative expenses	176,383	125,457	430,433	300,329
Depreciation and amortization	5,589	3,158	14,770	9,523
Operating profit	113,280	98,330	128,567	108,970
Other income	11,950	'	11,950	'
Interest and financing charges, net	-1,988	-2,592	-5,988	-6,183
Income before income taxes	123,242	95,738	134,529	102,787
Income tax expense	43,469	36,381	47,758	39,059
Net income	79,773	59,357	86,771	63,728
Add: Loss attributable to noncontrolling interest	842	238	1,370	577
Income attributable to G-III	80,615	59,595	88,141	64,305
Basic:	'	'	'	'
Net income per common share (in dollars per share)	$3.60	$2.92	$4.12	$3.17
Weighted average number of shares outstanding (in shares)	22,411	20,399	21,370	20,290
Diluted:	'	'	'	'
Net income per common share (in dollars per share)	$3.53	$2.85	$4.04	$3.09
Weighted average number of shares outstanding (in shares)	22,862	20,911	21,841	20,818
Net income attributable to G-III	80,615	59,595	88,141	64,305
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustments	-7,805	3,761	-8,134	1,246
Other comprehensive income (loss)	-7,805	3,761	-8,134	1,246
Comprehensive income	$72,810	$63,356	$80,007	$65,551

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Cash flows from operating activities	'	'
Net income	$86,771	$63,728
Adjustments to reconcile net income to net cash used in operating activities, net of assets and liabilities disposed:	'	'
Depreciation and amortization	14,770	9,523
Loss on disposal of a retail store	275	'
Gain on repurchase of unsecured promissory notes	-1,893	'
Change in contingent purchase price payable	-4,186	'
Gain on the sale of joint venture interest	-2,365	'
Equity based compensation	8,431	6,826
Tax benefit from exercise/vesting of equity awards	11,657	4,639
Deferred financing charges	657	565
Changes in operating assets and liabilities:	'	'
Accounts receivable, net	-294,502	-219,198
Inventories	-79,654	-42,238
Income taxes, net	30,889	18,727
Prepaid expenses and other current assets	2,849	3,031
Other assets, net	-5,265	-10,628
Accounts payable, accrued expenses and other liabilities	69,090	28,849
Net cash used in operating activities	-162,476	-136,176
Cash flows from investing activities	'	'
Capital expenditures	-33,892	-15,714
Proceeds from sale of interest in joint venture	2,695	'
Proceeds from sale of a retail store	517	'
Net cash used in investing activities	-30,680	-15,714
Cash flows from financing activities	'	'
Proceeds from sale of common stock, net	128,686	'
Proceeds from notes payable, net	105,814	150,781
Repurchase of unsecured promissory notes	-17,755	'
Proceeds from exercise of equity awards	665	1,016
Excess tax benefit from exercise/vesting of equity awards	6,978	2,526
Taxes paid for net share settlement	-4,316	-1,005
Noncontrolling interest investment	'	1,905
Net cash provided by financing activities	220,072	155,223
Foreign currency translation adjustments	151	-882
Net increase in cash and cash equivalents	27,067	2,451
Cash and cash equivalents at beginning of period	22,091	27,360
Cash and cash equivalents at end of period	49,158	29,811
Cash paid during the year for:	'	'
Interest	5,314	6,120
Income taxes	$5,146	$15,445

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Oct. 31, 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, reports results on a calendar year basis rather than on the January 31 fiscal year basis used by the Company.
	The results for the three month and nine month periods ended October 31, 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.
	Certain reclassifications have been made to the Condensed Consolidated Balance Sheet and the Condensed Consolidated Statements of Operations and Comprehensive Income for the prior year period to present that information on a basis consistent with the current year.
	In the ordinary course of our business, the Company is subject to periodic lawsuits, investigations and claims. Although the Company cannot predict with certainty the ultimate resolution of lawsuits, investigations and claims asserted against us, there is currently no pending legal proceeding or proceedings that will have a material adverse effect on our business, financial condition or results of operations.

Public_Offering

Public Offering	9 Months Ended
	Oct. 31, 2014
Stockholders' Equity Note [Abstract]	'
Public Offering	'
	Note 2 – Public Offering
	In June 2014, the Company sold 1,725,000 shares of its common stock, including 225,000 shares sold pursuant to the exercise in full of the underwriters’ option to purchase additional shares, at a public offering price of $77.63 per share. The Company received net proceeds of $128.7 million from the offering after payment of underwriting discounts and expenses of the offering. The net proceeds are being used for general corporate purposes.

Inventories

Inventories	9 Months Ended
	Oct. 31, 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:
		October 31,		October 31,		January 31,
		2014		2013		2014
		(In thousands)
	Finished goods	$	429,531	$	314,780	$	350,627
	Raw materials and work-in-process		6,836		8,554		9,012
		$	436,367	$	323,334	$	359,639

Net_Income_per_Common_Share

Net Income per Common Share	9 Months Ended
	Oct. 31, 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 and/or market price conditions, and for which the respective performance and/or market price conditions have not been achieved, have been excluded from the diluted per share calculation. Approximately 342,000 shares of common stock have been excluded from the diluted net income per share calculation for the nine months ended October 31, 2014. For the nine months ended October 31, 2014 and 2013, 303,118 and 275,089 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				Nine Months Ended
		October 31,				October 31,
		2014		2013		2014		2013
		(In thousands, except per share amounts)
	Net income attributable to G-III	$	80,615	$	59,595	$	88,141	$	64,305
	Basic net income per share:
	Basic common shares		22,411		20,399		21,370		20,290
	Basic net income per share	$	3.6	$	2.92	$	4.12	$	3.17
	Diluted net income per share:
	Basic common shares		22,411		20,399		21,370		20,290
	Restricted stock awards and stock options		451		512		471		528
	Diluted common shares		22,862		20,911		21,841		20,818
	Diluted net income per share	$	3.53	$	2.85	$	4.04	$	3.09

Notes_Payable

Notes Payable	9 Months Ended
	Oct. 31, 2014
Debt Disclosure [Abstract]	'
Notes Payable	'
	Note 5 – Notes Payable
	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 October 31, 2014, there was $285.9 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, and under certain circumstances, permits the Company to make payments for cash dividends, stock redemptions and share repurchases subject to compliance with certain covenants. As of October 31, 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.
	In October 2014, the Company repurchased the unsecured promissory notes issued in August 2012 in connection with the acquisition of Vilebrequin. The notes were repurchased at a discount from the original principal amount of €15.0 million (See Note 7 – Other Income).
	Notes payable under the Company’s credit agreement were $153.9 million at October 31, 2014 and $215.8 million at October 31, 2013.

Segments

Segments	9 Months Ended
	Oct. 31, 2014
Segment Reporting [Abstract]	'
Segments	'
	Note 6 – Segments
	The Company’s reportable segments are business units that offer products through different channels of distribution. 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 and nine month periods indicated below:
			Three Months Ended October 31, 2014
			Licensed		Non-Licensed		Retail			Elimination (1)			Total
	Net sales		$	542,094	$	180,041	$	130,101		$	(39,906	)	$	812,330
	Cost of goods sold			367,723		117,362		71,899			(39,906	)		517,078
	Gross profit			174,371		62,679		58,202			—			295,252
	Selling, general and administrative			90,054		28,937		57,392			—			176,383
	Depreciation and amortization			1,284		2,227		2,078			—			5,589
	Operating profit (loss)		$	83,033	$	31,515	$	(1,268	)	$	—		$	113,280
			Three Months Ended October 31, 2013
			Licensed		Non-Licensed		Retail			Elimination (1)			Total
	Net sales		$	504,910	$	123,995	$	55,395		$	(15,598	)	$	668,702
	Cost of goods sold			348,790		81,021		27,544			(15,598	)		441,757
	Gross profit			156,120		42,974		27,851			—			226,945
	Selling, general and administrative			76,995		24,516		23,946			—			125,457
	Depreciation and amortization			538		1,715		905			—			3,158
	Operating profit		$	78,587	$	16,743	$	3,000		$	—		$	98,330
			Nine Months Ended October 31, 2014
			Licensed		Non-Licensed		Retail			Elimination (1)			Total
	Net sales		$	1,012,739	$	336,330	$	324,522		$	(71,059	)	$	1,602,532
	Cost of goods sold			708,193		214,699		176,929			(71,059	)		1,028,762
	Gross profit			304,546		121,631		147,593			—			573,770
	Selling, general and administrative			194,582		74,329		161,522			—			430,433
	Depreciation and amortization			3,307		6,350		5,113			—			14,770
	Operating profit (loss)		$	106,657	$	40,952	$	(19,042	)	$	—		$	128,567
			Nine Months Ended October 31, 2013
			Licensed		Non-Licensed		Retail			Elimination (1)			Total
	Net sales		$	887,871	$	253,823	$	141,742		$	(37,960	)	$	1,245,476
	Cost of goods sold			626,841		167,062		70,711			(37,960	)		826,654
	Gross profit			261,030		86,761		71,031			—			418,822
	Selling, general and administrative			171,748		63,679		64,902			—			300,329
	Depreciation and amortization			1,598		5,531		2,394			—			9,523
	Operating profit		$	87,684	$	17,551	$	3,735		$	—		$	108,970
		-1	Represents intersegment sales to the Company’s retail operations.
	The total assets for each of the Company’s reportable segments are as follows:
			October 31,
			2014		2013
			(In thousands)
	Licensed		$	610,570	$	503,838
	Non-Licensed			324,939		335,390
	Retail			198,579		101,902
	Corporate			90,313		63,470
	Total Assets		$	1,224,401	$	1,004,600

Other_Income

Other Income	9 Months Ended
	Oct. 31, 2014
Other Income and Expenses [Abstract]	'
Other Income	'
	Note 7 – Other Income
	Sale of rights to operate Calvin Klein Performance stores in Asia
	In September 2014, the Company entered into agreements that terminated its rights to operate Calvin Klein Performance Stores in Asia, which included the sale to the licensor, PVH Corp, of the Company's 51% interest in G-T (International) Fashion Company Limited, a joint venture that operated Calvin Klein Performance stores in China. The sale of the joint venture interest resulted in a $2.4 million gain in the current period. The licensor agreed to pay the Company $3.5 million in consideration of the early termination of previously granted rights to operate Calvin Klein Performance stores in Japan, Taiwan and Singapore. This amount is included in other income in the current period.
	Repurchase of unsecured promissory notes
	In October 2014, the Company repurchased the €15.0 million principal amount of unsecured promissory notes (“the notes”) issued in August 2012 as part of the consideration for the acquisition of Vilebrequin. The notes were due December 31, 2017 and carried a stated interest rate of 5% per annum. The notes were repurchased for €13.5 million, representing approximately a 10% discount on the outstanding amount of the notes, which resulted in a gain of €1.5 million (approximately $1.9 million using the transaction date exchange rate).
	Contingent consideration adjustment
	In addition to the aggregate consideration paid at closing, the purchase agreement relating to the acquisition of Vilebrequin provided for contingent consideration of up to €22.5 million (approximately $27.9 million using the acquisition date exchange rate) based upon Vilebrequin achieving certain performance objectives related to the growth of its business over the three years ending December 31, 2015. As of the acquisition date, the estimated fair value of the contingent consideration payable was $5.5 million (based on the acquisition date exchange rate). The Company is required to assess the probability of Vilebrequin achieving these performance objectives which requires management to make certain estimates and judgments based on forecasts of future performance. As of October 31, 2014, the fair value of the liability was estimated using a discounted cash flow technique with significant inputs that are not observable in the market and thus represents a Level 3 fair value measurement as defined in the FASB’s Accounting Standards Codification (ASC) 820 - Fair Value Measurements and Disclosures. The significant inputs in the Level 3 measurement not supported by market activity included our probability assessments of expected future cash flows related to Vilebrequin until the end of the earnout period, appropriately discounted and calculated in accordance with the terms of the purchase agreement. Based upon Vilebrequin’s most recent forecast and the related discounted cash flows, the Company has revised its prior estimate of the fair value of the contingent consideration payable to €0.8 million (approximately $1.0 million using Vilebrequin’s current reporting period end exchange rate), which resulted in a gain in the current period of €3.2 million (approximately $4.2 million using Vilebrequin’s current reporting period end exchange rate).

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	9 Months Ended
	Oct. 31, 2014
Accounting Changes And Error Corrections [Abstract]	'
Recent Accounting Pronouncements	'
	Note 8 – Recent Accounting Pronouncements
	In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360) — Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (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 early adopted this guidance and applied it to the sale of its interest in the joint venture.
	In June 2014, the FASB issued ASU 2014-12, “Compensation — Stock Compensation: Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period” (ASU 2014-12). This ASU provides for explicit guidance on how to account for awards with performance targets that affect vesting and could be achieved after the requisite service period. A performance target that affects vesting and that could be achieved after an employee’s requisite service period shall be accounted for as a performance condition. As such, the performance target shall not be reflected in estimating the fair value of the award at the grant date. Compensation cost shall be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the periods for which the requisite service already has been rendered. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.
	In August 2014, the FASB issued ASU 2014-15, “Going Concern (Subtopic 205-40) — Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if “conditions or events raise substantial doubt about the entity’s ability to continue as a going concern.” The ASU is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company does not expect the adoption of this guidance to have an impact on its consolidated financial statements.

Effective_Tax_Rate

Effective Tax Rate	9 Months Ended
	Oct. 31, 2014
Income Tax Disclosure [Abstract]	'
Effective Tax Rate	'
	Note 9 – Effective Tax Rate
	The effective tax rate was 35.5% in the current year compared to 38.0% in the prior year and 35.3% in the current quarter compared to 38.0% in the same period prior year. The effective tax rate is lower primarily due to the tax treatment of certain other income items realized in the current period.

Subsequent_Events

Subsequent Events	9 Months Ended
	Oct. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 10 – 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)	9 Months Ended
	Oct. 31, 2014
Inventory Disclosure [Abstract]	'
Schedule of inventories	'
		October 31,		October 31,		January 31,
		2014		2013		2014
		(In thousands)
	Finished goods	$	429,531	$	314,780	$	350,627
	Raw materials and work-in-process		6,836		8,554		9,012
		$	436,367	$	323,334	$	359,639

Net_Income_per_Common_Share_Ta

Net Income per Common Share (Tables)	9 Months Ended
	Oct. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of reconciliation between basic and diluted net income per share	'
		Three Months Ended				Nine Months Ended
		October 31,				October 31,
		2014		2013		2014		2013
		(In thousands, except per share amounts)
	Net income attributable to G-III	$	80,615	$	59,595	$	88,141	$	64,305
	Basic net income per share:
	Basic common shares		22,411		20,399		21,370		20,290
	Basic net income per share	$	3.6	$	2.92	$	4.12	$	3.17
	Diluted net income per share:
	Basic common shares		22,411		20,399		21,370		20,290
	Restricted stock awards and stock options		451		512		471		528
	Diluted common shares		22,862		20,911		21,841		20,818
	Diluted net income per share	$	3.53	$	2.85	$	4.04	$	3.09

Segments_Tables

Segments (Tables)	9 Months Ended
	Oct. 31, 2014
Segment Reporting [Abstract]	'
Schedule of information regarding reportable segments	'
			Three Months Ended October 31, 2014
			Licensed		Non-Licensed		Retail			Elimination (1)			Total
	Net sales		$	542,094	$	180,041	$	130,101		$	(39,906	)	$	812,330
	Cost of goods sold			367,723		117,362		71,899			(39,906	)		517,078
	Gross profit			174,371		62,679		58,202			—			295,252
	Selling, general and administrative			90,054		28,937		57,392			—			176,383
	Depreciation and amortization			1,284		2,227		2,078			—			5,589
	Operating profit (loss)		$	83,033	$	31,515	$	(1,268	)	$	—		$	113,280
			Three Months Ended October 31, 2013
			Licensed		Non-Licensed		Retail			Elimination (1)			Total
	Net sales		$	504,910	$	123,995	$	55,395		$	(15,598	)	$	668,702
	Cost of goods sold			348,790		81,021		27,544			(15,598	)		441,757
	Gross profit			156,120		42,974		27,851			—			226,945
	Selling, general and administrative			76,995		24,516		23,946			—			125,457
	Depreciation and amortization			538		1,715		905			—			3,158
	Operating profit		$	78,587	$	16,743	$	3,000		$	—		$	98,330
			Nine Months Ended October 31, 2014
			Licensed		Non-Licensed		Retail			Elimination (1)			Total
	Net sales		$	1,012,739	$	336,330	$	324,522		$	(71,059	)	$	1,602,532
	Cost of goods sold			708,193		214,699		176,929			(71,059	)		1,028,762
	Gross profit			304,546		121,631		147,593			—			573,770
	Selling, general and administrative			194,582		74,329		161,522			—			430,433
	Depreciation and amortization			3,307		6,350		5,113			—			14,770
	Operating profit (loss)		$	106,657	$	40,952	$	(19,042	)	$	—		$	128,567
			Nine Months Ended October 31, 2013
			Licensed		Non-Licensed		Retail			Elimination (1)			Total
	Net sales		$	887,871	$	253,823	$	141,742		$	(37,960	)	$	1,245,476
	Cost of goods sold			626,841		167,062		70,711			(37,960	)		826,654
	Gross profit			261,030		86,761		71,031			—			418,822
	Selling, general and administrative			171,748		63,679		64,902			—			300,329
	Depreciation and amortization			1,598		5,531		2,394			—			9,523
	Operating profit		$	87,684	$	17,551	$	3,735		$	—		$	108,970
		-1	Represents intersegment sales to the Company’s retail operations.
Schedule of total assets for each reportable segments	'
			October 31,
			2014		2013
			(In thousands)
	Licensed		$	610,570	$	503,838
	Non-Licensed			324,939		335,390
	Retail			198,579		101,902
	Corporate			90,313		63,470
	Total Assets		$	1,224,401	$	1,004,600

Public_Offering_Detail_Textual

Public Offering (Detail Textuals) (USD $)	1 Months Ended	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Oct. 31, 2014
Stockholders Equity Note [Line Items]	'	'
Common stock shares sold during the period	1,725,000	'
Net proceeds from the offering after payment of underwriting discounts and expenses of the offering	'	$128,686
Underwriters' option	'	'
Stockholders Equity Note [Line Items]	'	'
Common stock shares sold during the period	225,000	'
Public offering price per share (in dollars per share)	77.63	'
Net proceeds from the offering after payment of underwriting discounts and expenses of the offering	128,700	'

Inventories_Details

Inventories (Details) (USD $)	Oct. 31, 2014	Jan. 31, 2014	Oct. 31, 2013
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'	'
Finished goods	$429,531	$350,627	$314,780
Raw materials and work-in-process	6,836	9,012	8,554
Inventories	$436,367	$359,639	$323,334

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		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net income attributable to G-III	$80,615	$59,595	$88,141	$64,305
Basic net income per share:	'	'	'	'
Basic common shares	22,411	20,399	21,370	20,290
Basic net income per share (in dollars per share)	$3.60	$2.92	$4.12	$3.17
Diluted net income per share:	'	'	'	'
Basic common shares	22,411	20,399	21,370	20,290
Restricted stock awards and stock options	451	512	471	528
Diluted common shares	22,862	20,911	21,841	20,818
Diluted net income per share (in dollars per share)	$3.53	$2.85	$4.04	$3.09

Net_Income_per_Common_Share_De

Net Income per Common Share (Detail Textuals)	9 Months Ended
	Oct. 31, 2014	Oct. 31, 2013
Earnings Per Share [Abstract]	'	'
Common stock excluded from the diluted net income per share calculation	342,000	'
Common stock issued in connection with exercise or vesting of equity awards	303,118	275,089

Notes_Payable_Detail_Textuals

Notes Payable (Detail Textuals) (USD $)	1 Months Ended
In Millions, unless otherwise specified	Aug. 31, 2012	Oct. 31, 2014	Oct. 31, 2013
Debt Instrument [Line Items]	'	'	'
Senior secured credit facility	$450	'	'
Term of senior secured credit facility	'5 years	'	'
Amount available under credit agreement	'	285.9	'
Amounts payable under the company's credit agreement	'	153.9	215.8
Unsecured promissory notes	'	'	'
Debt Instrument [Line Items]	'	'	'
Unsecured promissory notes	'	$15	'
LIBOR plus | Minimum	'	'	'
Debt Instrument [Line Items]	'	'	'
Spread interest rate	1.50%	'	'
LIBOR plus | Maximum	'	'	'
Debt Instrument [Line Items]	'	'	'
Spread interest rate	2.00%	'	'
Prime plus | Minimum	'	'	'
Debt Instrument [Line Items]	'	'	'
Spread interest rate	0.50%	'	'
Prime plus | Maximum	'	'	'
Debt Instrument [Line Items]	'	'	'
Spread interest rate	1.00%	'	'

Segments_Information_regarding

Segments - Information regarding reportable segments (Detail) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014		Oct. 31, 2013		Oct. 31, 2014		Oct. 31, 2013
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	$812,330		$668,702		$1,602,532		$1,245,476
Cost of goods sold	517,078		441,757		1,028,762		826,654
Gross profit	295,252		226,945		573,770		418,822
Selling, general and administrative	176,383		125,457		430,433		300,329
Depreciation and amortization	5,589		3,158		14,770		9,523
Operating profit (loss)	113,280		98,330		128,567		108,970
Operating Segments | Licensed	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	542,094		504,910		1,012,739		887,871
Cost of goods sold	367,723		348,790		708,193		626,841
Gross profit	174,371		156,120		304,546		261,030
Selling, general and administrative	90,054		76,995		194,582		171,748
Depreciation and amortization	1,284		538		3,307		1,598
Operating profit (loss)	83,033		78,587		106,657		87,684
Operating Segments | Non-Licensed	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	180,041		123,995		336,330		253,823
Cost of goods sold	117,362		81,021		214,699		167,062
Gross profit	62,679		42,974		121,631		86,761
Selling, general and administrative	28,937		24,516		74,329		63,679
Depreciation and amortization	2,227		1,715		6,350		5,531
Operating profit (loss)	31,515		16,743		40,952		17,551
Operating Segments | Retail	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	130,101		55,395		324,522		141,742
Cost of goods sold	71,899		27,544		176,929		70,711
Gross profit	58,202		27,851		147,593		71,031
Selling, general and administrative	57,392		23,946		161,522		64,902
Depreciation and amortization	2,078		905		5,113		2,394
Operating profit (loss)	-1,268		3,000		-19,042		3,735
Elimination	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	-39,906	[1]	-15,598	[1]	-71,059	[1]	-37,960	[1]
Cost of goods sold	-39,906	[1]	-15,598	[1]	-71,059	[1]	-37,960	[1]
Gross profit	'	[1]	'	[1]	'	[1]	'	[1]
Selling, general and administrative	'	[1]	'	[1]	'	[1]	'	[1]
Depreciation and amortization	'	[1]	'	[1]	'	[1]	'	[1]
Operating profit (loss)	'	[1]	'	[1]	'	[1]	'	[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 $)	Oct. 31, 2014	Jan. 31, 2014	Oct. 31, 2013
In Thousands, unless otherwise specified
Segment Reporting Information [Line Items]	'	'	'
Total Assets	$1,224,401	$830,897	$1,004,600
Licensed	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total Assets	610,570	'	503,838
Non-Licensed	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total Assets	324,939	'	335,390
Retail	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total Assets	198,579	'	101,902
Corporate	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total Assets	$90,313	'	$63,470

Segments_Detail_Textuals

Segments (Detail Textuals)	9 Months Ended
	Oct. 31, 2014
	Segment
Segment Reporting [Abstract]	'
Number of operating segments	3

Other_Income_Detail_Textuals

Other Income (Detail Textuals)

9 Months Ended

9 Months Ended

1 Months Ended

Oct. 31, 2014

Jan. 31, 2014

Oct. 31, 2013

Aug. 07, 2012

Aug. 07, 2012

Oct. 31, 2014

Oct. 31, 2014

Aug. 07, 2012

Oct. 31, 2014

Sep. 30, 2014

Oct. 31, 2014

Oct. 31, 2014

Oct. 31, 2014

USD ($)

USD ($)

USD ($)

USD ($)

EUR (€)

Vilebrequin International SA

Vilebrequin International SA

Vilebrequin International SA

Unsecured promissory notes

G-III Leather Fashion, Inc.

G-III Foreign Holding

G-III Foreign Holding

G-III Foreign Holding

USD ($)

EUR (€)

USD ($)

USD ($)

USD ($)

USD ($)

EUR (€)

Unsecured promissory notes

EUR (€)

Other Non Recurring Income [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of interest sold in joint venture

'

'

'

'

'

'

'

'

'

51.00%

'

'

'

Gain on sale of interest in the joint venture

$2,365,000

'

'

'

'

'

'

'

'

$2,400,000

'

'

'

Consideration paid for termination

'

'

'

'

'

'

'

'

'

3,500,000

'

'

'

Unsecured promissory notes

'

'

'

'

'

'

'

'

15,000,000

'

'

'

15,000,000

Stated interest rate per annum

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

Discounted purchase price of notes

'

'

'

'

'

'

'

'

'

'

'

'

13,500,000

Rate of discount on outstanding principal amounts

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

Gain due to purchase and capital contribution

'

'

'

'

'

'

'

'

'

'

1,900,000

1,500,000

'

Contingent consideration

1,015,000

5,550,000

5,936,000

27,900,000

22,500,000

1,000,000

800,000

5,500,000

'

'

'

'

'

Gain due to revision of estimate of contingent consideration

$4,186,000

'

'

'

'

$4,200,000

€ 3,200,000

'

'

'

'

'

'

Effective_Tax_Rate_Detail_Text

Effective Tax Rate (Detail Textuals)	3 Months Ended		9 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Effective tax rate	35.30%	38.00%	35.50%	38.00%