G-III Apparel (GIII) 10-Q 3 Sep 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2015	Sep. 01, 2015
Document And Entity Information Abstract
Entity Registrant Name	G III APPAREL GROUP LTD /DE/
Entity Central Index Key	821,002
Trading Symbol	giii
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock Shares Outstanding		45,220,024
Document Type	10-Q
Document Period End Date	Jul. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015	Jul. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 18,810	$ 128,354	$ 21,534
Accounts receivable, net of allowances for doubtful accounts and sales discounts of $54,213, $41,542 and $53,441, respectively	238,659	198,635	191,533
Inventories	605,214	426,180	534,186
Prepaid income taxes	8,668	6,507	18,474
Deferred income taxes, net	16,057	16,072	16,331
Prepaid expenses and other current assets	30,386	23,118	37,228
Total current assets	917,794	$ 798,866	$ 819,286
EQUITY METHOD INVESTMENT	25,490
PROPERTY AND EQUIPMENT, NET	89,743	$ 81,671	$ 75,808
OTHER ASSETS	26,817	27,721	32,316
OTHER INTANGIBLES, NET	11,609	13,075	14,229
TRADEMARKS, NET	68,182	73,255	80,425
GOODWILL	49,844	52,130	55,354
TOTAL ASSETS	1,189,479	$ 1,046,718	1,077,418
CURRENT LIABILITIES
Notes payable	5,503		45,031
Accounts payable	297,724	$ 177,498	242,349
Accrued expenses	$ 56,225	$ 63,665	48,773
Due to noncontrolling shareholder			5,733
Total current liabilities	$ 359,452	$ 241,163	341,886
NOTES PAYABLE			20,386
DEFERRED INCOME TAXES, NET	$ 19,006	$ 20,471	21,936
CONTINGENT PURCHASE PRICE PAYABLE	888	973	5,503
OTHER NON-CURRENT LIABILITIES	24,958	22,853	19,652
TOTAL LIABILITIES	$ 404,304	$ 285,460	$ 409,363
STOCKHOLDERS' EQUITY
Preferred stock; 1,000,000 shares authorized; No shares issued and outstanding
Common stock - $.01 par value; 120,000,000 shares authorized; 46,204,474, 45,754,916 and 45,941,644 shares issued	$ 232	$ 230	$ 229
Additional paid-in capital	343,582	328,874	324,211
Accumulated other comprehensive income (loss)	(20,112)	(10,105)	5,836
Retained earnings	465,372	446,158	343,323
Common stock held in treasury, at cost - 984,450 shares	(3,899)	(3,899)	(3,899)
Total G-III stockholders' equity	$ 785,175	$ 761,258	669,700
Noncontrolling interest			(1,645)
TOTAL STOCKHOLDERS' EQUITY	$ 785,175	$ 761,258	668,055
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,189,479	$ 1,046,718	$ 1,077,418

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015	Jul. 31, 2014
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts and sales discounts on accounts receivable (in dollars)	$ 54,213	$ 53,441	$ 41,542
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	120,000,000	120,000,000	120,000,000
Common stock, shares issued	46,204,474	45,941,644	45,754,916
Treasury stock, shares	984,450	984,450	984,450

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Income Statement [Abstract]
Net sales	$ 473,884	$ 424,010	$ 906,849	$ 790,202
Cost of goods sold	305,544	275,626	584,082	511,684
Gross profit	168,340	148,384	322,767	278,518
Selling, general and administrative expenses	141,483	131,609	278,516	254,050
Depreciation and amortization	5,914	4,955	11,601	9,181
Operating profit	20,943	11,820	32,650	15,287
Interest and financing charges, net	1,177	2,290	2,153	4,000
Income before income taxes	19,766	9,530	30,497	11,287
Income tax expense	7,313	3,622	11,284	4,289
Net income	$ 12,453	5,908	$ 19,213	6,998
Add: Loss attributable to noncontrolling interest		328		528
Income attributable to G-III	$ 12,453	$ 6,236	$ 19,213	$ 7,526
Basic:
Net income per common share (in dollars per share)	$ 0.28	$ 0.15	$ 0.43	$ 0.18
Weighted average number of shares outstanding (in shares)	45,073	42,374	45,020	41,686
Diluted:
Net income per common share (in dollars per share)	$ 0.27	$ 0.14	$ 0.42	$ 0.18
Weighted average number of shares outstanding (in shares)	46,362	43,320	46,289	42,692
Net income attributable to G-III	$ 12,453	$ 6,236	$ 19,213	$ 7,526
Other comprehensive income (loss):
Foreign currency translation adjustments	1,117	(293)	(10,007)	(329)
Other comprehensive income (loss)	1,117	(293)	(10,007)	(329)
Comprehensive income	$ 13,570	$ 5,943	$ 9,206	$ 7,197

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Cash flows from operating activities
Net income	$ 19,213	$ 6,998
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	11,601	$ 9,181
Loss on disposal of fixed assets	532
Equity based compensation	7,634	$ 5,780
Tax benefit from exercise/vesting of equity awards	(6,724)	(5,430)
Deferred financing charges	182	469
Changes in operating assets and liabilities:
Accounts receivable, net	(40,679)	(31,603)
Inventories	(179,681)	(174,618)
Income taxes, net	(2,155)	(11,671)
Prepaid expenses and other current assets	(7,317)	(15,942)
Other assets, net	(949)	(1,869)
Accounts payable, accrued expenses and other liabilities	120,551	112,113
Net cash used in operating activities	(77,792)	$ (106,592)
Cash flows from investing activities
Equity method investment	(25,490)
Capital expenditures	(16,600)	$ (21,367)
Net cash used in investing activities	(42,090)	(21,367)
Cash flows from financing activities
Proceeds from sale of common stock, net		128,686
Proceeds from (repayment of) borrowings, net	5,503	(3,812)
Proceeds from exercise of equity awards	376	640
Excess tax benefit from exercise/vesting of equity awards	$ 6,724	5,430
Taxes paid for net share settlement		(4,316)
Noncontrolling interest investment, net		1,063
Net cash provided by financing activities	$ 12,603	127,691
Foreign currency translation adjustments	(2,265)	(289)
Net decrease in cash and cash equivalents	(109,544)	(557)
Cash and cash equivalents at beginning of period	128,354	22,091
Cash and cash equivalents at end of period	18,810	21,534
Cash paid during the year for:
Interest	1,785	3,055
Income taxes	$ 6,504	$ 7,273

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 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, and the Karl Lagerfeld North America BV joint venture ("KLNA") report results on a calendar year basis rather than on the January 31 fiscal year basis used by the Company. The results for the six month period ended July 31, 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. 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 use 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. dollars at period-end rates, while income and expenses are translated at the weighted-average exchange rates for the period. The related translation adjustments are reflected as a foreign currency translation adjustment in accumulated other comprehensive income (loss) within stockholders’ equity. Certain reclassifications have been made to the Condensed Consolidated Balance Sheets, 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.

Equity Investment

Equity Investment	6 Months Ended
	Jul. 31, 2015
Equity Investment [Abstract]
Equity Investment	Note 2 – Equity Investment During the second quarter of fiscal 2016, the Company entered into a joint venture agreement with Karl Lagerfeld Group BV (“KLBV”). G-III paid to KLBV a purchase price consideration of $25.0 million in cash for a 49% ownership interest in Karl Lagerfeld North America BV, which holds brand rights to all Karl Lagerfeld marks for all consumer products (except eyewear, fragrance, cosmetics, watches, jewelry, and hospitality services) and apparel in the United States and Canada, as well as, an exclusive, irrevocable, royalty-free license to use the marks in Mexico with respect to the same products. The Company accounts for its investment in KLNA using the equity method of accounting.

Public Offering

Public Offering	6 Months Ended
	Jul. 31, 2015
Stockholders' Equity Note [Abstract]
Public Offering	Note 3 – 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	6 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Inventories	Note 4 – 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: July 31, 2015 July 31, 2014 January 31, 2015 (In thousands) Finished goods $ 600,529 $ 524,350 $ 417,332 Raw materials and work-in-process 4,685 9,836 8,848 $ 605,214 $ 534,186 $ 426,180

Net Income per Common Share

Net Income per Common Share	6 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Net Income per Common Share	Note 5 – Net Income per Common Share Basic net income per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock awards and 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 163,707 and 161,884 shares of common stock have been excluded from the diluted net income per share calculation for the three months and six months ended July 31, 2015, respectively. For the six months ended July 31, 2015 and 2014, 262,830 and 216,654 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 net income per share, adjusted for the two-for-one split of the Company’s common stock effected on May 1, 2015: Three Months Ended July 31, Six Months Ended July 31, 2015 2014 2015 2014 (In thousands, except per share amounts) Net income attributable to G-III $ 12,453 $ 6,236 $ 19,213 $ 7,526 Basic net income per share: Basic common shares 45,073 42,374 45,020 41,686 Basic net income per share $ 0.28 $ 0.15 $ 0.43 $ 0.18 Diluted net income per share: Basic common shares 45,073 42,374 45,020 41,686 Restricted stock awards and stock options 1,289 946 1,269 1,006 Diluted common shares 46,362 43,320 46,289 42,692 Diluted net income per share $ 0.27 $ 0.14 $ 0.42 $ 0.18

Notes Payable

Notes Payable	6 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Notes Payable	Note 6 – 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 July 31, 2015, there was $326.6 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 July 31, 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. Notes payable under the Company’s credit agreement were $5.5 million at July 31, 2015 and $45.0 million at July 31, 2014. On July 31, 2015, the Company had no outstanding long term notes. On July 31, 2014, the amount of the outstanding long term notes equaled $20.4 million and consisted of promissory notes issued in connection with the acquisition of Vilebrequin. The notes were repurchased in October 2014 at a discount from the original principal amount of €15.0 million.

Segments

Segments	6 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Segments	Note 7 – 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 the Company’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 mainly 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 and six month periods indicated below: Three Months Ended July 31, 2015 Wholesale Retail Elimination (1) Total Net sales $ 391,461 $ 111,497 $ (29,074 ) $ 473,884 Cost of goods sold 275,308 59,310 (29,074 ) 305,544 Gross profit 116,153 52,187 — 168,340 Selling, general and administrative 87,081 54,402 — 141,483 Depreciation and amortization 4,055 1,859 — 5,914 Operating profit (loss) $ 25,017 $ (4,074 ) $ — $ 20,943 Three Months Ended July 31, 2014 Wholesale Retail Elimination (1) Total Net sales $ 341,866 $ 99,393 $ (17,249 ) $ 424,010 Cost of goods sold 238,512 54,363 (17,249 ) 275,626 Gross profit 103,354 45,030 — 148,384 Selling, general and administrative 79,222 52,387 — 131,609 Depreciation and amortization 3,314 1,641 — 4,955 Operating profit (loss) $ 20,818 $ (8,998 ) $ — $ 11,820 Six Months Ended July 31, 2015 Wholesale Retail Elimination (1) Total Net sales $ 743,945 $ 214,026 $ (51,122 ) $ 906,849 Cost of goods sold 520,717 114,487 (51,122 ) 584,082 Gross profit 223,228 99,539 — 322,767 Selling, general and administrative 171,675 106,841 — 278,516 Depreciation and amortization 7,987 3,614 — 11,601 Operating profit (loss) $ 43,566 $ (10,916 ) $ — $ 32,650 Six Months Ended July 31, 2014 Wholesale Retail Elimination (1) Total Net sales $ 626,935 $ 194,421 $ (31,154 ) $ 790,202 Cost of goods sold 437,808 105,030 (31,154 ) 511,684 Gross profit 189,127 89,391 — 278,518 Selling, general and administrative 149,920 104,130 — 254,050 Depreciation and amortization 6,145 3,036 — 9,181 Operating profit (loss) $ 33,062 $ (17,775 ) $ — $ 15,287 (1) Represents intersegment sales to the Company’s retail operations. The total assets for each of the Company’s reportable segments are as follows: July 31, 2015 July 31, 2014 January 31, 2015 (In thousands) Wholesale $ 875,347 $ 820,479 $ 684,479 Retail 223,829 169,268 182,363 Corporate 90,303 87,671 179,876 Total Assets $ 1,189,479 $ 1,077,418 $ 1,046,718

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jul. 31, 2015
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 8 – Recent Accounting Pronouncements In July 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-11, “ Inventory (Topic 330): Simplifying the Measurement of Inventory 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 In April 2015, the FASB issued ASU 2015-03, “ Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance In February 2015, the FASB issued ASU 2015-02, “ Consolidation (Topic 810)—Amendments to the Consolidation Analysis 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 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

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Schedule of inventories	July 31, 2015 July 31, 2014 January 31, 2015 (In thousands) Finished goods $ 600,529 $ 524,350 $ 417,332 Raw materials and work-in-process 4,685 9,836 8,848 $ 605,214 $ 534,186 $ 426,180

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Schedule of reconciliation between basic and diluted net income per share	Three Months Ended July 31, Six Months Ended July 31, 2015 2014 2015 2014 (In thousands, except per share amounts) Net income attributable to G-III $ 12,453 $ 6,236 $ 19,213 $ 7,526 Basic net income per share: Basic common shares 45,073 42,374 45,020 41,686 Basic net income per share $ 0.28 $ 0.15 $ 0.43 $ 0.18 Diluted net income per share: Basic common shares 45,073 42,374 45,020 41,686 Restricted stock awards and stock options 1,289 946 1,269 1,006 Diluted common shares 46,362 43,320 46,289 42,692 Diluted net income per share $ 0.27 $ 0.14 $ 0.42 $ 0.18

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Schedule of information regarding reportable segments	Three Months Ended July 31, 2015 Wholesale Retail Elimination (1) Total Net sales $ 391,461 $ 111,497 $ (29,074 ) $ 473,884 Cost of goods sold 275,308 59,310 (29,074 ) 305,544 Gross profit 116,153 52,187 — 168,340 Selling, general and administrative 87,081 54,402 — 141,483 Depreciation and amortization 4,055 1,859 — 5,914 Operating profit (loss) $ 25,017 $ (4,074 ) $ — $ 20,943 Three Months Ended July 31, 2014 Wholesale Retail Elimination (1) Total Net sales $ 341,866 $ 99,393 $ (17,249 ) $ 424,010 Cost of goods sold 238,512 54,363 (17,249 ) 275,626 Gross profit 103,354 45,030 — 148,384 Selling, general and administrative 79,222 52,387 — 131,609 Depreciation and amortization 3,314 1,641 — 4,955 Operating profit (loss) $ 20,818 $ (8,998 ) $ — $ 11,820 Six Months Ended July 31, 2015 Wholesale Retail Elimination (1) Total Net sales $ 743,945 $ 214,026 $ (51,122 ) $ 906,849 Cost of goods sold 520,717 114,487 (51,122 ) 584,082 Gross profit 223,228 99,539 — 322,767 Selling, general and administrative 171,675 106,841 — 278,516 Depreciation and amortization 7,987 3,614 — 11,601 Operating profit (loss) $ 43,566 $ (10,916 ) $ — $ 32,650 Six Months Ended July 31, 2014 Wholesale Retail Elimination (1) Total Net sales $ 626,935 $ 194,421 $ (31,154 ) $ 790,202 Cost of goods sold 437,808 105,030 (31,154 ) 511,684 Gross profit 189,127 89,391 — 278,518 Selling, general and administrative 149,920 104,130 — 254,050 Depreciation and amortization 6,145 3,036 — 9,181 Operating profit (loss) $ 33,062 $ (17,775 ) $ — $ 15,287 (1) Represents intersegment sales to the Company’s retail operations.
Schedule of total assets for each reportable segments	July 31, 2015 July 31, 2014 January 31, 2015 (In thousands) Wholesale $ 875,347 $ 820,479 $ 684,479 Retail 223,829 169,268 182,363 Corporate 90,303 87,671 179,876 Total Assets $ 1,189,479 $ 1,077,418 $ 1,046,718

Basis of Presentation (Detail T

Basis of Presentation (Detail Textuals)	1 Months Ended
	May. 01, 2015
Accounting Policies [Abstract]
Stock split of common stock	two-for-one

Equity Investment (Detail Textu

Equity Investment (Detail Textuals) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Investment Holdings [Line Items]
Purchase price consideration	$ 25,490
Karl Lagerfeld Group BV ("KLBV") | Karl Lagerfeld North America ("KLNA")
Investment Holdings [Line Items]
Purchase price consideration	$ 25,000
Percentage of ownership interest	49.00%

Public Offering (Detail Textual

Public Offering (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Stockholders Equity Note [Line Items]
Common stock shares sold during the period	3,450,000
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	450,000
Public offering price per share (in dollars per share)	$ 38.82

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015	Jul. 31, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 600,529	$ 417,332	$ 524,350
Raw materials and work-in-process	4,685	8,848	9,836
Inventories	$ 605,214	$ 426,180	$ 534,186

Net Income per Common Share - R

Net Income per Common Share - Reconciliation between basic and diluted net income per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Earnings Per Share [Abstract]
Net income attributable to G-III	$ 12,453	$ 6,236	$ 19,213	$ 7,526
Basic net income per share:
Basic common shares	45,073	42,374	45,020	41,686
Basic net income per share (in dollars per share)	$ 0.28	$ 0.15	$ 0.43	$ 0.18
Diluted net income per share:
Basic common shares	45,073	42,374	45,020	41,686
Restricted stock awards and stock options	1,289	946	1,269	1,006
Diluted common shares	46,362	43,320	46,289	42,692
Diluted net income per share (in dollars per share)	$ 0.27	$ 0.14	$ 0.42	$ 0.18

Net Income per Common Share (De

Net Income per Common Share (Detail Textuals) - shares	1 Months Ended	3 Months Ended	6 Months Ended
	May. 01, 2015	Jul. 31, 2015	Jul. 31, 2015	Jul. 31, 2014
Earnings Per Share [Abstract]
Common stock excluded from the diluted net income per share calculation		163,707	161,884
Common stock issued in connection with exercise or vesting of equity awards			262,830	216,654
Stock split of common stock	two-for-one

Notes Payable (Detail Textuals)

Notes Payable (Detail Textuals) € in Millions	1 Months Ended
	Aug. 31, 2012USD ($)	Jul. 31, 2015USD ($)	Jan. 31, 2015USD ($)	Oct. 31, 2014EUR (€)	Jul. 31, 2014USD ($)
Debt Instrument [Line Items]
Term of senior secured credit facility	5 years
Senior secured credit facility	$ 450,000,000
Amount available under credit agreement		$ 326.6
Notes payable under credit agreement		$ 5,503,000			$ 45,031,000
Outstanding long term notes					$ 20,386,000
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 regardin

Segments - Information regarding reportable segments (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Segment Reporting Information [Line Items]
Net sales		$ 473,884	$ 424,010	$ 906,849	$ 790,202
Cost of goods sold		305,544	275,626	584,082	511,684
Gross profit		168,340	148,384	322,767	278,518
Selling, general and administrative		141,483	131,609	278,516	254,050
Depreciation and amortization		5,914	4,955	11,601	9,181
Operating profit (loss)		20,943	11,820	32,650	15,287
Operating Segments | Wholesale
Segment Reporting Information [Line Items]
Net sales		391,461	341,866	743,945	626,935
Cost of goods sold		275,308	238,512	520,717	437,808
Gross profit		116,153	103,354	223,228	189,127
Selling, general and administrative		87,081	79,222	171,675	149,920
Depreciation and amortization		4,055	3,314	7,987	6,145
Operating profit (loss)		25,017	20,818	43,566	33,062
Operating Segments | Retail
Segment Reporting Information [Line Items]
Net sales		111,497	99,393	214,026	194,421
Cost of goods sold		59,310	54,363	114,487	105,030
Gross profit		52,187	45,030	99,539	89,391
Selling, general and administrative		54,402	52,387	106,841	104,130
Depreciation and amortization		1,859	1,641	3,614	3,036
Operating profit (loss)		(4,074)	(8,998)	(10,916)	(17,775)
Elimination
Segment Reporting Information [Line Items]
Net sales	[1]	(29,074)	(17,249)	(51,122)	(31,154)
Cost of goods sold	[1]	$ (29,074)	$ (17,249)	$ (51,122)	$ (31,154)
Gross profit	[1]
Selling, general and administrative	[1]
Depreciation and amortization	[1]
Operating profit (loss)	[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 ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015	Jul. 31, 2014
Segment Reporting Information [Line Items]
Total Assets	$ 1,189,479	$ 1,046,718	$ 1,077,418
Wholesale
Segment Reporting Information [Line Items]
Total Assets	875,347	684,479	820,479
Retail
Segment Reporting Information [Line Items]
Total Assets	223,829	182,363	169,268
Corporate
Segment Reporting Information [Line Items]
Total Assets	$ 90,303	$ 179,876	$ 87,671

Segments (Detail Textuals)

Segments (Detail Textuals)	6 Months Ended
	Jul. 31, 2015Segment
Segment Reporting [Abstract]
Number of reportable segments commencing first quarter of fiscal 2016	2