G-III Apparel (GIII) 10-Q 5 Jun 15 2016 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Apr. 30, 2015	Jun. 01, 2015
Document And Entity Information Abstract
Entity Registrant Name	G III APPAREL GROUP LTD /DE/
Entity Central Index Key	821002
Trading Symbol	giii
Current Fiscal Year End Date	-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		44,980,194
Document Type	10-Q
Document Period End Date	30-Apr-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Apr. 30, 2015	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
CURRENT ASSETS
Cash and cash equivalents	$85,708	$128,354	$23,610
Accounts receivable, net of allowances for doubtful accounts and sales discounts of $48,574, $51,034 and $53,441, respectively	208,769	198,635	145,010
Inventories	371,224	426,180	322,659
Prepaid income taxes	8,712	6,507	16,529
Deferred income taxes, net	16,064	16,072	16,331
Prepaid expenses and other current assets	22,140	23,118	26,796
Total current assets	712,617	798,866	550,935
PROPERTY AND EQUIPMENT, NET	84,397	81,671	69,080
OTHER ASSETS	27,028	27,721	32,848
OTHER INTANGIBLES, NET	11,651	13,075	13,741
TRADEMARKS, NET	67,040	73,255	80,959
GOODWILL	49,317	52,130	55,572
TOTAL ASSETS	952,050	1,046,718	803,135
CURRENT LIABILITIES
Notes payable			62,950
Accounts payable	102,757	177,498	103,382
Accrued expenses	44,399	63,665	36,839
Due to noncontrolling shareholder			5,146
Total current liabilities	147,156	241,163	208,317
NOTES PAYABLE			20,537
DEFERRED INCOME TAXES, NET	18,678	20,471	22,078
CONTINGENT PURCHASE PRICE PAYABLE	868	973	5,544
OTHER NON-CURRENT LIABILITIES	24,193	22,853	20,154
TOTAL LIABILITIES	190,895	285,460	276,630
STOCKHOLDERS' EQUITY
Preferred stock; 1,000,000 shares authorized; No shares issued and outstanding
Common stock - $.01 par value; 80,000,000 shares authorized; 45,964,644, 42,066,982 and 45,941,644 shares issued	230	230	210
Additional paid-in capital	333,157	328,874	188,294
Accumulated other comprehensive income (loss)	-21,229	-10,105	6,129
Retained earnings	452,896	446,158	337,088
Common stock held in treasury, at cost - 984,450 shares	-3,899	-3,899	-3,899
Total G-III stockholders' equity	761,155	761,258	527,822
Noncontrolling interest			-1,317
TOTAL STOCKHOLDERS' EQUITY	761,155	761,258	526,505
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY	$952,050	$1,046,718	$803,135

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Apr. 30, 2014
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)	$48,574	$53,441	$51,034
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	45,964,644	45,941,644	42,066,982
Treasury stock, shares	984,450	984,450	984,450

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Income Statement [Abstract]
Net sales	$432,965	$366,192
Cost of goods sold	278,538	236,058
Gross profit	154,427	130,134
Selling, general and administrative expenses	137,034	122,441
Depreciation and amortization	5,687	4,227
Operating profit	11,706	3,466
Interest and financing charges, net	975	1,709
Income before income taxes	10,731	1,757
Income tax expense	3,971	668
Net income	6,760	1,089
Add: Loss attributable to noncontrolling interest		201
Income attributable to G-III	6,760	1,290
Basic:
Net income per common share (in dollars per share)	$0.15	$0.03
Weighted average number of shares outstanding (in shares)	44,965	40,976
Diluted:
Net income per common share (in dollars per share)	$0.15	$0.03
Weighted average number of shares outstanding (in shares)	46,210	42,044
Net income attributable to G-III	6,760	1,290
Other comprehensive loss:
Foreign currency translation adjustments	-11,124	-36
Other comprehensive loss	-11,124	-36
Comprehensive income (loss)	($4,364)	$1,254

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Cash flows from operating activities
Net income	$6,760	$1,089
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	5,687	4,227
Equity based compensation	3,625	2,923
Tax benefit from exercise/vesting of equity awards	-317	-4,290
Deferred financing charges	182	180
Changes in operating assets and liabilities:
Accounts receivable, net	-10,883	14,945
Inventories	54,099	37,010
Income taxes, net	-2,197	-9,722
Prepaid expenses and other current assets	692	-5,435
Other assets, net	-1,216	-2,036
Accounts payable, accrued expenses and other liabilities	-92,505	-42,214
Net cash used in operating activities	-36,073	-3,323
Cash flows from investing activities
Capital expenditures	-7,690	-10,125
Net cash used in investing activities	-7,690	-10,125
Cash flows from financing activities
Proceeds from notes payable, net		14,107
Proceeds from exercise of equity awards	303	558
Excess tax benefit from exercise/vesting of equity awards	317	4,290
Taxes paid for net share settlement		-4,316
Noncontrolling interest investment		472
Net cash provided by financing activities	620	15,111
Foreign currency translation adjustments	497	-144
Net increase (decrease) in cash and cash equivalents	-42,646	1,519
Cash and cash equivalents at beginning of period	128,354	22,091
Cash and cash equivalents at end of period	85,708	23,610
Cash paid during the year for:
Interest	749	1,208
Income taxes	$5,804	$6,055

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2015
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 period ended April 30, 2015 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, 2015 filed with the Securities and Exchange Commission.
	On April 1, 2015, the Board of Directors approved a two-for-one stock split of the Company’s outstanding shares of common stock, to be effected in the form of a stock dividend. The stock dividend was paid to stockholders of record as of the close of market on April 20, 2015 and was effected on May 1, 2015. All share and per share information has been retroactively adjusted to reflect this stock split.
	The Company’s international subsidiaries are using different functional currencies, which are typically the local selling currency. In accordance with the authoritative guidance, assets and liabilities of the Company’s foreign operations are translated from foreign currency into U.S. dollar at period-end rates, while income and expenses are translated at the weighted-average exchange rates for the period. The related translation adjustments are reflected as a foreign currency translation adjustment in accumulated other comprehensive income (loss) within stockholders’ equity.
	Certain reclassifications have been made to the Condensed Consolidated Statements of Income and Comprehensive Income and the Condensed Consolidated Statement of Cash Flows for the prior year period to present that information on a basis consistent with the current year.

Public_Offering

Public Offering	3 Months Ended
	Apr. 30, 2015
Stockholders' Equity Note [Abstract]
Public Offering	Note 2 – Public Offering
	In June 2014, the Company sold 3,450,000 shares of its common stock, including 450,000 shares sold pursuant to the exercise in full of the underwriters’ option to purchase additional shares, at a public offering price of $38.82 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	3 Months Ended
	Apr. 30, 2015
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:
		April 30,		April 30,		January 31,
		2015		2014		2015
		(In thousands)
	Finished goods	$	363,458	$	310,907	$	417,332
	Raw materials and work-in-process		7,766		11,752		8,848
		$	371,224	$	322,659	$	426,180

Net_Income_per_Common_Share

Net Income per Common Share	3 Months Ended
	Apr. 30, 2015
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 160,000 shares of common stock have been excluded from the diluted net income per share calculation for the three months ended April 30, 2015. For the three months ended April 30, 2015 and 2014, 23,000 and 195,374 shares of common stock, respectively, were issued in connection with the exercise or vesting of equity awards.
	The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share (EPS), adjusted for the two for one split of the Company’s common stock effected on May 1, 2015:
		Three Months Ended
		April 30,
		2015		2014
	Net income attributable to G-III	$	6,760	$	1,290
	Basic net income per share:
	Basic common shares		44,965		40,976
	Basic net income per share	$	0.15	$	0.03
	Diluted net income per share:
	Basic common shares		44,965		40,976
	Restricted stock awards and stock options		1,245		1,068
	Diluted common shares		46,210		42,044
	Diluted net income per share	$	0.15	$	0.03

Notes_Payable

Notes Payable	3 Months Ended
	Apr. 30, 2015
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 April 30, 2015, there was $373.5 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 April 30, 2015, 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.
	At April 30, 2015, the Company did not have any borrowings outstanding under the Company’s credit agreement compared to $63.0 million outstanding at April 30, 2014.

Segments

Segments	3 Months Ended
	Apr. 30, 2015
Segment Reporting [Abstract]
Segments	Note 6 – Segments
	The Company’s reportable segments are business units that offer products through different channels of distribution. Commencing with the first quarter of fiscal 2016, the Company changed its segment reporting to two reportable segments: wholesale operations and retail operations. This change in G-III’s reportable segments is intended to better represent how the Company’s resources are allocated and its performance is assessed by its Chief Operating Decision Maker. The wholesale operations segment consists of the Company’s former licensed products and non-licensed products segments and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under the Company’s own brands and private label brands. The retail operations segment consists primarily of the Wilsons Leather and G.H. Bass stores, as well as a limited number of Calvin Klein Performance stores.
	The following information, in thousands, is presented for the three month periods indicated below:
			Three Months Ended April 30, 2015
			Wholesale		Retail			Elimination (1)			Total
	Net sales		$	352,485	$	102,529		$	(22,049	)	$	432,965
	Cost of goods sold			245,409		55,178			(22,049	)		278,538
	Gross profit			107,076		47,351			—			154,427
	Selling, general and administrative			84,594		52,440			—			137,034
	Depreciation and amortization			3,931		1,756			—			5,687
	Operating profit (loss)		$	18,551	$	(6,845	)	$	—		$	11,706
			Three Months Ended April 30, 2014
			Wholesale		Retail			Elimination (1)			Total
	Net sales		$	285,069	$	95,028		$	(13,905	)	$	366,192
	Cost of goods sold			199,295		50,668			(13,905	)		236,058
	Gross profit			85,774		44,360			—			130,134
	Selling, general and administrative			70,698		51,743			—			122,441
	Depreciation and amortization			2,832		1,395			—			4,227
	Operating profit (loss)		$	12,244	$	(8,778	)	$	—		$	3,466
		-1	Represents intersegment sales to the Company’s retail operations.
	The total assets for each of the Company’s reportable segments are as follows:
			April 30,
			2015		2014
			(In thousands)
	Wholesale		$	625,109	$	575,712
	Retail			190,753		144,300
	Corporate			136,188		83,123
	Total Assets		$	952,050	$	803,135

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2015
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 7 – Recent Accounting Pronouncements
	In April 2015, the FASB issued ASU 2015-05, “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement”. The update includes explicit guidance about a customer’s accounting for fees paid in a cloud computing arrangement such as software as a service, platform as a service, infrastructure as a service, and other similar hosting arrangements. The update is effective for interim and annual periods beginning after December 15, 2016 with early adoption permitted, including in the interim periods. The Company is currently evaluating the impact of this update on the consolidated financial statements.
	In April 2015, the FASB issued ASU 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance,” which changes the presentation of debt issuance costs in financial statements. Under ASU 2015-03, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. ASU 2015-03 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.
	In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810)—Amendments to the Consolidation Analysis”. The update primarily amends the criteria used to evaluate whether certain variable interest entities should be consolidated. The update also modifies the criteria used to determine whether partnerships and similar entities are variable interest entities. The update is effective for interim and annual periods beginning after December 15, 2016 with early adoption permitted, including in the interim periods. The Company is currently evaluating the impact of this update on the consolidated financial statements.
	In January 2015, the FASB issued ASU 2015-01, “Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items”. This guidance no longer requires or allows the disclosure of extraordinary items, net of tax, in the income statement after income from continuing operations. The guidance is effective for the reporting period ending April 30, 2016. The Company does not currently have any extraordinary items presented in its income statements. However, this guidance will eliminate the need to further assess whether unusual and infrequently occurring transactions qualify as an extraordinary item in the future.
	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 update is effective for interim and annual periods beginning after December 15, 2015 with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

Effective_Tax_Rate

Effective Tax Rate	3 Months Ended
	Apr. 30, 2015
Income Tax Disclosure [Abstract]
Effective Tax Rate	Note 8 – Effective Tax Rate
	The effective tax rate was 37.0% in the current quarter compared to 38.0% in the same period in the prior year. The effective tax rate is lower primarily due to foreign tax savings realized during the current period.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Apr. 30, 2015
Inventory Disclosure [Abstract]
Schedule of inventories		April 30,		April 30,		January 31,
		2015		2014		2015
		(In thousands)
	Finished goods	$	363,458	$	310,907	$	417,332
	Raw materials and work-in-process		7,766		11,752		8,848
		$	371,224	$	322,659	$	426,180

Net_Income_per_Common_Share_Ta

Net Income per Common Share (Tables)	3 Months Ended
	Apr. 30, 2015
Earnings Per Share [Abstract]
Schedule of reconciliation between basic and diluted net income per share		Three Months Ended
		April 30,
		2015		2014
	Net income attributable to G-III	$	6,760	$	1,290
	Basic net income per share:
	Basic common shares		44,965		40,976
	Basic net income per share	$	0.15	$	0.03
	Diluted net income per share:
	Basic common shares		44,965		40,976
	Restricted stock awards and stock options		1,245		1,068
	Diluted common shares		46,210		42,044
	Diluted net income per share	$	0.15	$	0.03

Segments_Tables

Segments (Tables)	3 Months Ended
	Apr. 30, 2015
Segment Reporting [Abstract]
Schedule of information regarding reportable segments			Three Months Ended April 30, 2015
			Wholesale		Retail			Elimination (1)			Total
	Net sales		$	352,485	$	102,529		$	(22,049	)	$	432,965
	Cost of goods sold			245,409		55,178			(22,049	)		278,538
	Gross profit			107,076		47,351			—			154,427
	Selling, general and administrative			84,594		52,440			—			137,034
	Depreciation and amortization			3,931		1,756			—			5,687
	Operating profit (loss)		$	18,551	$	(6,845	)	$	—		$	11,706
			Three Months Ended April 30, 2014
			Wholesale		Retail			Elimination (1)			Total
	Net sales		$	285,069	$	95,028		$	(13,905	)	$	366,192
	Cost of goods sold			199,295		50,668			(13,905	)		236,058
	Gross profit			85,774		44,360			—			130,134
	Selling, general and administrative			70,698		51,743			—			122,441
	Depreciation and amortization			2,832		1,395			—			4,227
	Operating profit (loss)		$	12,244	$	(8,778	)	$	—		$	3,466
		-1	Represents intersegment sales to the Company’s retail operations.
Schedule of total assets for each reportable segments			April 30,
			2015		2014
			(In thousands)
	Wholesale		$	625,109	$	575,712
	Retail			190,753		144,300
	Corporate			136,188		83,123
	Total Assets		$	952,050	$	803,135

Public_Offering_Detail_Textual

Public Offering (Detail Textuals) (USD $)	1 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014
Stockholders Equity Note [Line Items]
Common stock shares sold during the period	3,450,000
Underwriters' option
Stockholders Equity Note [Line Items]
Common stock shares sold during the period	450,000
Public offering price per share (in dollars per share)	38.82
Net proceeds from the offering after payment of underwriting discounts and expenses of the offering	128.7

Inventories_Details

Inventories (Details) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]
Finished goods	$363,458	$417,332	$310,907
Raw materials and work-in-process	7,766	8,848	11,752
Inventories	$371,224	$426,180	$322,659

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, 2015	Apr. 30, 2014
Earnings Per Share [Abstract]
Net income attributable to G-III	$6,760	$1,290
Basic net income per share:
Basic common shares	44,965	40,976
Basic net income per share (in dollars per share)	$0.15	$0.03
Diluted net income per share:
Basic common shares	44,965	40,976
Restricted stock awards and stock options	1,245	1,068
Diluted common shares	46,210	42,044
Diluted net income per share (in dollars per share)	$0.15	$0.03

Net_Income_per_Common_Share_De

Net Income per Common Share (Detail Textuals)	3 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Earnings Per Share [Abstract]
Common stock excluded from the diluted net income per share calculation	160,000
Common stock issued in connection with exercise or vesting of equity awards	23,000	195,374

Notes_Payable_Detail_Textuals

Notes Payable (Detail Textuals)	1 Months Ended				1 Months Ended
In Millions, unless otherwise specified	Aug. 31, 2012	Apr. 30, 2015	Apr. 30, 2014	Oct. 31, 2014	Aug. 31, 2012	Aug. 31, 2012	Aug. 31, 2012	Aug. 31, 2012
	USD ($)	USD ($)	USD ($)	Unsecured promissory notes	LIBOR plus	LIBOR plus	Prime plus	Prime plus
				EUR (€)	Minimum	Maximum	Minimum	Maximum
Debt Instrument [Line Items]
Senior secured credit facility	$450
Term of senior secured credit facility	5 years
Amount available under credit agreement		373.5
Spread interest rate					1.50%	2.00%	0.50%	1.00%
Amounts payable under the company's credit agreement			63
Unsecured promissory notes				€ 15

Segments_Information_regarding

Segments - Information regarding reportable segments (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015		Apr. 30, 2014
Segment Reporting Information [Line Items]
Net sales	$432,965		$366,192
Cost of goods sold	278,538		236,058
Gross profit	154,427		130,134
Selling, general and administrative	137,034		122,441
Depreciation and amortization	5,687		4,227
Operating profit (loss)	11,706		3,466
Operating Segments | Wholesale
Segment Reporting Information [Line Items]
Net sales	352,485		285,069
Cost of goods sold	245,409		199,295
Gross profit	107,076		85,774
Selling, general and administrative	84,594		70,698
Depreciation and amortization	3,931		2,832
Operating profit (loss)	18,551		12,244
Operating Segments | Retail
Segment Reporting Information [Line Items]
Net sales	102,529		95,028
Cost of goods sold	55,178		50,668
Gross profit	47,351		44,360
Selling, general and administrative	52,440		51,743
Depreciation and amortization	1,756		1,395
Operating profit (loss)	-6,845		-8,778
Elimination
Segment Reporting Information [Line Items]
Net sales	-22,049	[1]	-13,905	[1]
Cost of goods sold	-22,049	[1]	-13,905	[1]
Gross profit		[1]		[1]
Selling, general and administrative		[1]		[1]
Depreciation and amortization		[1]		[1]
Operating profit (loss)		[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 $)	Apr. 30, 2015	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
Segment Reporting Information [Line Items]
Total Assets	$952,050	$1,046,718	$803,135
Wholesale
Segment Reporting Information [Line Items]
Total Assets	625,109		575,712
Retail
Segment Reporting Information [Line Items]
Total Assets	190,753		144,300
Corporate
Segment Reporting Information [Line Items]
Total Assets	$136,188		$83,123

Segments_Detail_Textuals

Segments (Detail Textuals)	3 Months Ended
	Apr. 30, 2015
	Segment
Segment Reporting [Abstract]
Number of reportable segments commencing first quarter of fiscal 2016	2

Effective_Tax_Rate_Detail_Text

Effective Tax Rate (Detail Textuals)	3 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Income Tax Disclosure [Abstract]
Effective tax rate	37.00%	38.00%