G-III Apparel (GIII) 10-Q 9 Jun 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2017	Jun. 01, 2017
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		48,661,518
Document Type	10-Q
Document Period End Date	Apr. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017	Apr. 30, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 67,134	$ 79,957	$ 95,448
Accounts receivable, net of allowances for doubtful accounts and sales discounts of $82,811, $60,682 and $95,686, respectively	256,212	263,881	213,752
Inventories	445,969	483,269	406,720
Prepaid income taxes	16,845	8,885	25,359
Deferred income taxes, net			17,584
Prepaid expenses and other current assets	55,474	46,946	26,495
Total current assets	841,634	882,938	785,358
INVESTMENTS IN UNCONSOLIDATED AFFILIATES	60,002	61,171	61,464
PROPERTY AND EQUIPMENT, NET	100,102	102,571	103,715
OTHER ASSETS	35,304	36,181	25,628
OTHER INTANGIBLES, NET	47,797	48,558	10,738
DEFERRED INCOME TAX ASSETS, NET	15,901	15,849
TRADEMARKS, NET	436,147	435,414	69,372
GOODWILL	266,901	269,262	50,406
TOTAL ASSETS	1,803,788	1,851,944	1,106,681
CURRENT LIABILITIES
Income tax payable		2,242
Accounts payable	164,521	217,902	100,215
Accrued expenses	75,197	95,275	51,633
Total current liabilities	239,718	315,419	151,848
NOTES PAYABLE, Net of note discount and unamortized issuance costs of $52,204, $0 and $54,365, respectively	492,796	461,756
DEFERRED INCOME TAXES, NET	14,536	14,300	25,186
OTHER NON-CURRENT LIABILITIES	40,678	39,233	27,996
TOTAL LIABILITIES	787,728	830,708	205,030
STOCKHOLDERS' EQUITY
Preferred stock; 1,000 shares authorized; No shares issued and outstanding
Common stock - $.01 par value; 120,000 shares authorized; 49,031, 46,231 and 49,016 shares issued, respectively	253	253	229
Additional paid-in capital	442,897	437,777	358,460
Accumulated other comprehensive loss	(27,654)	(27,722)	(17,657)
Retained earnings	602,027	612,418	563,262
Common stock held in treasury, at cost - 369, 667 and 376 shares, respectively	(1,463)	(1,490)	(2,643)
TOTAL STOCKHOLDERS' EQUITY	1,016,060	1,021,236	901,651
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,803,788	$ 1,851,944	$ 1,106,681

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017	Apr. 30, 2016
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts and sales discounts on accounts receivable (in dollars)	$ 82,811	$ 95,686	$ 60,682
Note discount and unamortized issuance costs (in dollars)	$ 52,204	$ 54,365	$ 0
Preferred stock, shares authorized	1,000	1,000	1,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	120,000	120,000	120,000
Common stock, shares issued	49,031	49,016	46,231
Treasury stock, shares	369	376	667

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Income Statement [Abstract]
Net sales	$ 529,042	$ 457,403
Cost of goods sold	327,186	291,734
Gross profit	201,856	165,669
Selling, general and administrative expenses	197,411	153,105
Depreciation and amortization	9,838	7,193
Operating profit (loss)	(5,393)	5,371
Equity income (loss) in unconsolidated affiliates	(1,152)	269
Interest and financing charges, net	(9,949)	(1,242)
Income (loss) before income taxes	(16,494)	4,398
Income tax expense (benefit)	(6,103)	1,627
Net income (loss)	$ (10,391)	$ 2,771
Basic:
Net income (loss) per common share (in dollars per share)	$ (0.21)	$ 0.06
Weighted average number of shares outstanding (in shares)	48,648	45,549
Diluted:
Net income (loss) per common share (in dollars per share)	$ (0.21)	$ 0.06
Weighted average number of shares outstanding (in shares)	48,648	46,942
Net income (loss)	$ (10,391)	$ 2,771
Other comprehensive income (loss):
Foreign currency translation adjustments	68	6,032
Other comprehensive income	68	6,032
Comprehensive income (loss)	$ (10,323)	$ 8,803

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Cash flows from operating activities
Net income (loss)	$ (10,391)	$ 2,771
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	9,838	7,193
Loss on disposal of fixed assets	184	149
Equity loss (income) in unconsolidated affiliate	1,152	(269)
Equity based compensation	4,955	4,473
Deferred financing charges	3,779	184
Changes in operating assets and liabilities:
Accounts receivable, net	7,739	7,966
Inventories	37,445	78,999
Income taxes, net	(10,206)	(1,303)
Prepaid expenses and other current assets	(8,503)	(4,280)
Other assets, net	349	(484)
Accounts payable, accrued expenses and other liabilities	(69,561)	(93,565)
Net cash provided by (used in) operating activities	(33,220)	1,834
Cash flows from investing activities
Investment in unconsolidated affiliate		(35,432)
Capital expenditures	(5,729)	(6,096)
Net cash used in investing activities	(5,729)	(41,528)
Cash flows from financing activities
Proceeds from (use of) borrowing - new revolving facility, net	28,877
Proceeds from exercise of equity awards	169	247
Net cash provided by financing activities	29,046	247
Foreign currency translation adjustments	(2,920)	2,308
Net decrease in cash and cash equivalents	(12,823)	(37,139)
Cash and cash equivalents at beginning of period	79,957	132,587
Cash and cash equivalents at end of period	67,134	95,448
Cash payments:
Interest, net	7,205	939
Income tax payments, net	$ 1,980	$ 2,772

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2017
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 women’s handbags, footwear, small leather goods, cold weather accessories and luggage. The Company also operates retail stores. The Company consolidates the accounts of all its wholly-owned and majority-owned subsidiaries. KL North America BV (“KLNA”) is a Dutch limited liability company that is a joint venture that is 49% owned by the Company. Kingdom Holdings 1 B.V. (“KH1”) is a Dutch limited liability company that is 19% owned by the Company. These investments are accounted for using the equity method of accounting. All material intercompany balances and transactions have been eliminated. Vilebrequin International SA (“Vilebrequin”), a Swiss corporation that is wholly-owned by the Company, KH1 and KLNA report results on a calendar year basis rather than on the January 31 fiscal year basis used by the Company. Our retail stores use a 52/53-week fiscal year. The results for the three month period ended April 30, 2017 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, 2017 filed with the Securities and Exchange Commission (the “SEC”). The Company’s international subsidiaries use different functional currencies, which are the local selling currency. In accordance with the authoritative guidance, operating 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 within stockholders’ equity.

Acquisition of Donna Karan Inte

Acquisition of Donna Karan International	3 Months Ended
	Apr. 30, 2017
Business Combinations [Abstract]
Acquisition of Donna Karan International	Note 2 – Acquisition of Donna Karan International On December 1, 2016, G-III acquired all of the outstanding capital stock of Donna Karan International Inc. (“DKI”) from LVMH Moet Hennessy Louis Vuitton Inc. (“LVMH”), pursuant to a Stock Purchase Agreement (the “Purchase Agreement”), dated July 22, 2016, as amended, by and between the Company and LVMH, for a total purchase price of approximately $669.8 million. DKI owns some of the world’s most iconic and recognizable power brands including Donna Karan and DKNY. DKI sells its products through department stores, specialty and online retailers worldwide, as well as through company-owned retail stores and an e-commerce site. The acquisition of DKI strengthens and diversifies the Company’s brand portfolio and offers additional opportunities to expand G-III’s business through the development of the DKNY and Donna Karan brands and product categories. The results of DKI have been included in these consolidated financial statements since the date of acquisition. Allocation of the purchase price consideration The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition: (In thousands) ​ ​ Cash and cash equivalents ​ ​ ​ $ 44,375 ​ ​ Accounts receivable ​ ​ ​ ​ 13,235 ​ ​ Inventories ​ ​ ​ ​ 10,933 ​ ​ Prepaid expenses & other current assets ​ ​ ​ ​ 19,533 ​ ​ Property, plant and equipment ​ ​ ​ ​ 15,760 ​ ​ Goodwill ​ ​ ​ ​ 217,947 ​ ​ Tradenames ​ ​ ​ ​ 370,000 ​ ​ Other intangibles ​ ​ ​ ​ 40,000 ​ ​ Other long-term assets ​ ​ ​ ​ 2,703 ​ ​ Total assets acquired ​ ​ ​ ​ 734,486 ​ ​ Accounts payable ​ ​ ​ ​ (18,734 ) ​ ​ Accrued expense ​ ​ ​ ​ (38,900 ) ​ ​ Income taxes payable ​ ​ ​ ​ (3,443 ) ​ ​ Other long-term liabilities ​ ​ ​ ​ (3,631 ) ​ ​ Total liabilities assumed ​ ​ ​ ​ (64,708 ) ​ ​ Total fair value of acquisition consideration (net of  $40 million imputed debt discount) ​ ​ ​ $ 669,778 ​ ​ The Company initially recognized goodwill of approximately $220.6 million in connection with the acquisition of DKI. In the quarter ended April 30, 2017, the Company reduced goodwill by $2.7 million due to unrecorded indemnification assets from LVMH related to transactions that occurred prior to the acquisition. There was no change to the purchase price, however, the estimates of fair value of assets acquired and liabilities assumed are preliminary and subject to change based on finalizing the election under Internal Revenue Code Section 338(h)(10) which may have an impact on purchase price. The goodwill was assigned to the Company’s wholesale operations reporting unit as the wholesale operations reporting unit is expected to benefit from the synergies of the combination and from the future growth of DKI. Subsequent to the acquisition, DKI’s wholesale operations were fully integrated into G-III’s credit and collection platform and both entities are expected to share several processes in the short term such as IT, finance, logistics, human resources, sourcing and overseas quality control. The Purchase Agreement included an option to make an election under Internal Revenue Code Section 338(h)(10). Accordingly, the book and tax basis of the acquired assets and liabilities are the same as of the purchase date and the goodwill is deductible for tax purposes over a 15 year period. The fair values assigned to identifiable intangible assets acquired were based on assumptions and estimates made by management using unobservable inputs reflecting the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability based on the best information available. The fair values of these identifiable intangible assets were determined using the discounted cash flow method and the Company classifies these intangibles as Level 3 fair value measurements. The Company recorded other intangible assets of  $410.0 million, which included customer relationships of  $40.0 million (17 year life), as well as tradenames of  $370.0 million, which have an indefinite life. The results of DKI have been included in these consolidated financial statements since the date of acquisition.

Investment in Unconsolidated Af

Investment in Unconsolidated Affiliates	3 Months Ended
	Apr. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Affiliates	Note 3 – Investment in Unconsolidated Affiliates In February 2016, the Company acquired a 19% minority interest in KH1, the parent company of the group that holds the worldwide rights to the Karl Lagerfeld brand. The Company paid 32.5€ million (approximately $35.4 million at the date of the transaction). This investment is intended to expand the partnership between the Company and the Karl Lagerfeld brand and extend their business development opportunities on a global scale. The investment in KH1, which is being accounted for under the equity method of accounting, is reflected in Investment in Unconsolidated Affiliates on the Condensed Consolidated Balance Sheets at April 30, 2017.

Inventories

Inventories	3 Months Ended
	Apr. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Note 4 – Inventories Subsequent to the adoption of Accounting Standard Update 2015-11 (Inventory - topic 330), wholesale inventories are stated at the lower of cost (determined by the first-in, first out method) or net realizable value 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 net realizable value. Inventories consist of: April 30, 2017 April 30, 2016 January 31, 2017 (In thousands) Finished goods $ 445,567 $ 405,658 $ 483,085 Raw materials and work-in-process 402 1,062 184 $ 445,969 $ 406,720 $ 483,269

Net Income (Loss) per Common Sh

Net Income (Loss) per Common Share	3 Months Ended
	Apr. 30, 2017
Earnings Per Share [Abstract]
Net Income (Loss) per Common Share	Note 5 – Net Income (Loss) per Common Share Basic net income (loss) per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share, when applicable, is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock 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 510,800 shares of common stock have been excluded from the diluted net income per share calculation for the three months ended April 30, 2016. For the three months ended April 30, 2017 and 2016, 14,275 and 19,200 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 (loss) per share: Three Months Ended 2017 2016 Net income (loss) attributable to G-III $ (10,391 ) $ 2,771 Basic net income (loss) per share: Basic common shares 48,648 45,549 Basic net income (loss) per share $ (0.21 ) $ 0.06 Diluted net income (loss) per share: Basic common shares 48,648 45,549 Diluted restricted stock awards and stock options — 1,393 Diluted common shares 48,648 46,942 Diluted net income (loss) per share $ (0.21 ) $ 0.06

Notes Payable

Notes Payable	3 Months Ended
	Apr. 30, 2017
Debt Disclosure [Abstract]
Notes Payable	Note 6 – Notes Payable Long term debt consists of the following: April 30, 2017 April 30, 2016 January 31, 2017 Term loan $ 300,000 $ - $ 300,000 New revolving credit facility (1) 120,000 - 91,121 Note issued to LVMH 125,000 - 125,000 Subtotal 545,000 - 516,121 Less: Net debt issuance costs and debt discount (2) (52,204 ) - (54,365 ) Total $ 492,796 $ - $ 461,756 (1) There were no borrowings outstanding as of April 30, 2016 under the Company’s prior revolving credit agreement. (2) This table does not include the debt issuance costs, net of amortization, totaling $11.3 million and $11.9 million as of April 30, 2017 and January 31, 2017, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are presented as an asset as permitted under ASU 2015-15. Term Loan In connection with the acquisition of DKI, the Company borrowed $350.0 million under a senior secured term loan facility (the “Term Loan”). The Term Loan will mature in December 2022. The Term Loan was subject to amortization payments of 0.625% of the original aggregate principal amount of the Term Loan per quarter, with the balance due at maturity. On December 1, 2016, the Company prepaid $50.0 million in principal amount of the Term Loan. This prepayment relieved G-III of its obligation to make quarterly amortization payments for the remainder of the term. Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to LIBOR, subject to a 1% floor, plus an applicable margin of 5.25% or an alternate base rate (defined as the greatest of  (i) the “prime rate” as published by the Wall Street Journal from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus 4.25%, per annum, payable in cash. The Term Loan is secured by certain assets of the Company and certain of its subsidiaries. The Term Loan contains covenants that restrict the Company’s ability to among other things, incur additional debt, sell or dispose certain assets, make certain investments, incur liens and enter into acquisitions. This loan also includes a mandatory prepayment provision on excess cash flow as defined within the agreement. A first lien leverage covenant requires the Company to maintain a level of debt to EBITDA at a ratio as defined over the term of the agreement. As of April 30, 2017 the Company was in compliance with this covenant. New Revolving Credit Facility Upon closing of the acquisition of DKI, the Company’s previous credit agreement (the “old revolving credit facility”) was refinanced and replaced by a $650 million amended and restated credit agreement (the “new revolving credit facility”). Amounts available under the new revolving credit facility are subject to borrowing base formulas and over advances as specified in the new revolving credit facility agreement. Borrowings bear interest, at the Company’s option, at LIBOR plus a margin of 1.25% to 1.75% or an alternate base rate (defined as the greatest of  (i) the “prime rate” of JPMorgan Chase Bank, N.A. from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus a margin of 0.25% to 0.75%, with the applicable margin determined based on the availability under the new revolving credit facility agreement. The new revolving credit facility has a five year term ending December 1, 2021. In addition to paying interest on any outstanding borrowings under the new revolving credit facility, the Company is required to pay a commitment fee to the lenders under the credit agreement with respect to the unutilized commitments. The commitment fee accrues at a rate equal to 0.25% per annum on the average daily amount of the unutilized available commitment. As of April 30, 2017, the Company had $120.0 million of borrowings outstanding under the new revolving credit facility all of which are classified as long term liabilities. As of April 30, 2017, there were outstanding trade and standby letters of credit amounting to $9.7 million and $3.4 million, respectively. LVMH Note As part of the consideration for the acquisition of DKI, the Company issued to LVMH a junior lien secured promissory note in the principal amount of  $125.0 million (the “LVMH Note”) that bears interest at the rate of 2% per year. $75.0 million of the principal amount of the LVMH Note is due and payable on June 1, 2023 and $50.0 million of such principal amount is due and payable on December 1, 2023. ASC 820 - Fair Value Measurements requires the note to be recorded at fair value. As a result, the company recorded a debt discount in the amount of $40.0 million. This discount is being amortized as interest expense using the effective interest method over the term of the LVMH Note. Prior Revolving Credit Facility Prior to the acquisition of DKI, the prior revolving credit facility consisted of a five-year senior secured credit facility providing for borrowings in the aggregate principal amount of up to $450 million through August 2017. Amounts available under the prior credit agreement were subject to borrowing base formulas and other advances as specified in that credit agreement. Borrowings bore 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 previous credit agreement. The prior credit agreement was 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.

Segments

Segments	3 Months Ended
	Apr. 30, 2017
Segment Reporting [Abstract]
Segments	Note 7 – Segments The Company’s reportable segments are business units that offer products through different channels of distribution. The Company has two reportable segments: wholesale operations and retail operations. The wholesale operations segment includes sales of products under brands licensed by the Company from third parties, as well as sales of products under the Company’s own brands and private label brands. Wholesale sales and revenues from license agreements related to the Donna Karan and DKNY business are included in the wholesale operations segment. The retail operations segment consists primarily of the Wilsons Leather, G.H. Bass and DKNY stores, as well as a limited number of Calvin Klein Performance and Karl Lagerfeld Paris stores. The following information, in thousands, is presented for the three month periods indicated below: Three Months Ended April 30, 2017 Wholesale Retail Elimination (1) Total Net sales $ 453,017 $ 99,185 $ (23,160 ) $ 529,042 Cost of goods sold 298,373 51,973 (23,160 ) 327,186 Gross profit 154,644 47,212 — 201,856 Selling, general and administrative 130,160 67,251 — 197,411 Depreciation and amortization 6,385 3,453 — 9,838 Operating profit (loss) $ 18,099 $ (23,492 ) $ — $ (5,393 ) Three Months Ended April 30, 2016 Wholesale Retail Elimination (1) Total Net sales $ 382,371 $ 94,992 $ (19,960 ) $ 457,403 Cost of goods sold 257,995 53,699 (19,960 ) 291,734 Gross profit 124,376 41,293 — 165,669 Selling, general and administrative 96,938 56,167 — 153,105 Depreciation and amortization 5,000 2,193 — 7,193 Operating profit (loss) $ 22,438 $ (17,067 ) $ — $ 5,371 (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, 2017 April 30, 2016 January 31, 2017 (In thousands) Wholesale $ 1,459,142 $ 692,039 $ 1,477,259 Retail 205,024 199,560 228,352 Corporate (1) 139,622 215,082 146,333 Total Assets $ 1,803,788 $ 1,106,681 $ 1,851,944 (1) Includes assets not allocated to any reportable segment.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2017
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 8 – Recent Accounting Pronouncements Accounting Guidance Issued Being Evaluated for Adoption In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” The purpose of ASU 2017-04 is to simplify the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The amendment should be applied on a prospective basis. ASU 2017-04 is effective for fiscal years beginning after December 15, 2019, including interim periods within that year. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect ASU 2017-04 to have an impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” The purpose of ASU 2017-01 is to clarify the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within that year. The amendments in ASU 2017-01 should be applied prospectively on or after the effective date. Early adoption is permitted. The Company does not expect ASU 2017-01 to have an impact on its consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.” The update requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset upon transfer other than inventory, eliminating the current recognition exception. Prior to the update, GAAP prohibited the recognition of current and deferred income taxes for intra-entity asset transfers until the asset was sold to an outside party. The amendments in this update do not include new disclosure requirements; however, existing disclosure requirements might be applicable when accounting for the current and deferred income taxes for an intra-entity transfer of an asset other than inventory. For public business entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those fiscal years. The Company does not expect ASU 2016-16 to have an impact on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which clarifies guidance with respect to the classification of eight specific cash flow issues. ASU 2016-15 was issued to reduce diversity in practice and prevent financial statement restatements. Cash flow issues include: debt prepayment or debt extinguishment costs, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies and bank-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Under the provision, entities must apply the guidance retrospectively to all periods presented but may apply it prospectively if retrospective application would be impracticable. The Company is currently evaluating the provisions of ASU 2016-15. In April 2016, the FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” The guidance clarifies two aspects of Topic 606: (i) identifying performance obligations and (ii) providing licensing implementation guidance, while retaining the related principles for those areas. Topic 606 includes implementation guidance on (a) contracts with customers to transfer goods and services in exchange for consideration and (b) determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time). The amendments in this update are intended to render more detailed implementation guidance with the expectation of reducing the degree of judgment necessary to comply with Topic 606. The FASB continues to clarify this guidance and most recently issued ASU 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” ASU 2016-12, “Narrow-Scope Improvements and Practical Expedients,” and ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.” These new standards have the same effective date as ASU 2014-09 and will be effective for public entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the cumulative catch-up transition method). The Company has not yet determined which method it will utilize. The Company has formed a committee that is evaluating the potential differences that would result from applying the requirements of the new standard to the current accounting policies and practices. Based on this initial assessment and the actions the Committee is currently undertaking to implement the new guidance, the Company currently believes that the adoption of Topic 606 will primarily impact its wholesale operations segment in the timing of recognition of certain adjustments that are currently recorded in net sales along with reclassifications of certain operating expenses such as cooperative advertising, which is currently recorded in selling, general and administrative expenses but will be recorded as an offset to net sales under the new guidance. The Company believes that the retail operations segment will not be materially impacted by the new guidance, as its retail stores do not currently offer significant loyalty programs to their customers. However, these assessments may be subject to change. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” The primary difference between the current requirement under GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. ASU 2016-02 requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of lease payments. The asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Operating leases will result in straight-line expense (similar to current operating leases) while finance leases will result in a front-loaded expense pattern (similar to current capital leases). Classification will be based on criteria that are for the most part similar to those applied in current lease accounting. ASU 2016-02 may be adopted using a modified retrospective transition, and provides for certain practical expedients. Transactions will require application of the new guidance at the beginning of the earliest comparative period presented. The guidance is effective for public entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the potential impact of ASU 2016-02 on its consolidated financial statements and expects that it will result in a significant increase to its long-term assets and liabilities. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” This standard modifies how entities measure equity investments and present changes in the fair value of financial liabilities; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; changes presentation and disclosure requirements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted. The Company does not expect that the adoption of this ASU will have a significant impact on its statement of operations.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	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 women’s handbags, footwear, small leather goods, cold weather accessories and luggage. The Company also operates retail stores. The Company consolidates the accounts of all its wholly-owned and majority-owned subsidiaries. KL North America BV (“KLNA”) is a Dutch limited liability company that is a joint venture that is 49% owned by the Company. Kingdom Holdings 1 B.V. (“KH1”) is a Dutch limited liability company that is 19% owned by the Company. These investments are accounted for using the equity method of accounting. All material intercompany balances and transactions have been eliminated. Vilebrequin International SA (“Vilebrequin”), a Swiss corporation that is wholly-owned by the Company, KH1 and KLNA report results on a calendar year basis rather than on the January 31 fiscal year basis used by the Company. Our retail stores use a 52/53-week fiscal year. The results for the three month period ended April 30, 2017 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, 2017 filed with the Securities and Exchange Commission (the “SEC”). The Company’s international subsidiaries use different functional currencies, which are the local selling currency. In accordance with the authoritative guidance, operating 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 within stockholders’ equity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Guidance Issued Being Evaluated for Adoption In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” The purpose of ASU 2017-04 is to simplify the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The amendment should be applied on a prospective basis. ASU 2017-04 is effective for fiscal years beginning after December 15, 2019, including interim periods within that year. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect ASU 2017-04 to have an impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” The purpose of ASU 2017-01 is to clarify the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within that year. The amendments in ASU 2017-01 should be applied prospectively on or after the effective date. Early adoption is permitted. The Company does not expect ASU 2017-01 to have an impact on its consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.” The update requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset upon transfer other than inventory, eliminating the current recognition exception. Prior to the update, GAAP prohibited the recognition of current and deferred income taxes for intra-entity asset transfers until the asset was sold to an outside party. The amendments in this update do not include new disclosure requirements; however, existing disclosure requirements might be applicable when accounting for the current and deferred income taxes for an intra-entity transfer of an asset other than inventory. For public business entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those fiscal years. The Company does not expect ASU 2016-16 to have an impact on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which clarifies guidance with respect to the classification of eight specific cash flow issues. ASU 2016-15 was issued to reduce diversity in practice and prevent financial statement restatements. Cash flow issues include: debt prepayment or debt extinguishment costs, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies and bank-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Under the provision, entities must apply the guidance retrospectively to all periods presented but may apply it prospectively if retrospective application would be impracticable. The Company is currently evaluating the provisions of ASU 2016-15. In April 2016, the FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” The guidance clarifies two aspects of Topic 606: (i) identifying performance obligations and (ii) providing licensing implementation guidance, while retaining the related principles for those areas. Topic 606 includes implementation guidance on (a) contracts with customers to transfer goods and services in exchange for consideration and (b) determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time). The amendments in this update are intended to render more detailed implementation guidance with the expectation of reducing the degree of judgment necessary to comply with Topic 606. The FASB continues to clarify this guidance and most recently issued ASU 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” ASU 2016-12, “Narrow-Scope Improvements and Practical Expedients,” and ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.” These new standards have the same effective date as ASU 2014-09 and will be effective for public entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the cumulative catch-up transition method). The Company has not yet determined which method it will utilize. The Company has formed a committee that is evaluating the potential differences that would result from applying the requirements of the new standard to the current accounting policies and practices. Based on this initial assessment and the actions the Committee is currently undertaking to implement the new guidance, the Company currently believes that the adoption of Topic 606 will primarily impact its wholesale operations segment in the timing of recognition of certain adjustments that are currently recorded in net sales along with reclassifications of certain operating expenses such as cooperative advertising, which is currently recorded in selling, general and administrative expenses but will be recorded as an offset to net sales under the new guidance. The Company believes that the retail operations segment will not be materially impacted by the new guidance, as its retail stores do not currently offer significant loyalty programs to their customers. However, these assessments may be subject to change. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” The primary difference between the current requirement under GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. ASU 2016-02 requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of lease payments. The asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Operating leases will result in straight-line expense (similar to current operating leases) while finance leases will result in a front-loaded expense pattern (similar to current capital leases). Classification will be based on criteria that are for the most part similar to those applied in current lease accounting. ASU 2016-02 may be adopted using a modified retrospective transition, and provides for certain practical expedients. Transactions will require application of the new guidance at the beginning of the earliest comparative period presented. The guidance is effective for public entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the potential impact of ASU 2016-02 on its consolidated financial statements and expects that it will result in a significant increase to its long-term assets and liabilities. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” This standard modifies how entities measure equity investments and present changes in the fair value of financial liabilities; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; changes presentation and disclosure requirements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted. The Company does not expect that the adoption of this ASU will have a significant impact on its statement of operations.

Acquisition of Donna Karan In15

Acquisition of Donna Karan International (Tables)	3 Months Ended
	Apr. 30, 2017
Business Combinations [Abstract]
Schedule of allocation of purchase price consideration	(In thousands) ​ ​ Cash and cash equivalents ​ ​ ​ $ 44,375 ​ ​ Accounts receivable ​ ​ ​ ​ 13,235 ​ ​ Inventories ​ ​ ​ ​ 10,933 ​ ​ Prepaid expenses & other current assets ​ ​ ​ ​ 19,533 ​ ​ Property, plant and equipment ​ ​ ​ ​ 15,760 ​ ​ Goodwill ​ ​ ​ ​ 217,947 ​ ​ Tradenames ​ ​ ​ ​ 370,000 ​ ​ Other intangibles ​ ​ ​ ​ 40,000 ​ ​ Other long-term assets ​ ​ ​ ​ 2,703 ​ ​ Total assets acquired ​ ​ ​ ​ 734,486 ​ ​ Accounts payable ​ ​ ​ ​ (18,734 ) ​ ​ Accrued expense ​ ​ ​ ​ (38,900 ) ​ ​ Income taxes payable ​ ​ ​ ​ (3,443 ) ​ ​ Other long-term liabilities ​ ​ ​ ​ (3,631 ) ​ ​ Total liabilities assumed ​ ​ ​ ​ (64,708 ) ​ ​ Total fair value of acquisition consideration (net of  $40 million imputed debt discount) ​ ​ ​ $ 669,778 ​ ​

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 30, 2017
Inventory Disclosure [Abstract]
Schedule of inventories	April 30, 2017 April 30, 2016 January 31, 2017 (In thousands) Finished goods $ 445,567 $ 405,658 $ 483,085 Raw materials and work-in-process 402 1,062 184 $ 445,969 $ 406,720 $ 483,269

Net Income (Loss) per Common 17

Net Income (Loss) per Common Share (Tables)	3 Months Ended
	Apr. 30, 2017
Earnings Per Share [Abstract]
Schedule of reconciliation between basic and diluted net income per share	Three Months Ended 2017 2016 Net income (loss) attributable to G-III $ (10,391 ) $ 2,771 Basic net income (loss) per share: Basic common shares 48,648 45,549 Basic net income (loss) per share $ (0.21 ) $ 0.06 Diluted net income (loss) per share: Basic common shares 48,648 45,549 Diluted restricted stock awards and stock options — 1,393 Diluted common shares 48,648 46,942 Diluted net income (loss) per share $ (0.21 ) $ 0.06

Notes Payable (Tables)

Notes Payable (Tables)	3 Months Ended
	Apr. 30, 2017
Debt Disclosure [Abstract]
Schedule of long-term debt	April 30, 2017 April 30, 2016 January 31, 2017 Term loan $ 300,000 $ - $ 300,000 New revolving credit facility (1) 120,000 - 91,121 Note issued to LVMH 125,000 - 125,000 Subtotal 545,000 - 516,121 Less: Net debt issuance costs and debt discount (2) (52,204 ) - (54,365 ) Total $ 492,796 $ - $ 461,756 (1) There were no borrowings outstanding as of April 30, 2016 under the Company’s prior revolving credit agreement. (2) This table does not include the debt issuance costs, net of amortization, totaling $11.3 million and $11.9 million as of April 30, 2017 and January 31, 2017, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are presented as an asset as permitted under ASU 2015-15.

Segments (Tables)

Segments (Tables)	3 Months Ended
	Apr. 30, 2017
Segment Reporting [Abstract]
Schedule of information regarding reportable segments	Three Months Ended April 30, 2017 Wholesale Retail Elimination (1) Total Net sales $ 453,017 $ 99,185 $ (23,160 ) $ 529,042 Cost of goods sold 298,373 51,973 (23,160 ) 327,186 Gross profit 154,644 47,212 — 201,856 Selling, general and administrative 130,160 67,251 — 197,411 Depreciation and amortization 6,385 3,453 — 9,838 Operating profit (loss) $ 18,099 $ (23,492 ) $ — $ (5,393 ) Three Months Ended April 30, 2016 Wholesale Retail Elimination (1) Total Net sales $ 382,371 $ 94,992 $ (19,960 ) $ 457,403 Cost of goods sold 257,995 53,699 (19,960 ) 291,734 Gross profit 124,376 41,293 — 165,669 Selling, general and administrative 96,938 56,167 — 153,105 Depreciation and amortization 5,000 2,193 — 7,193 Operating profit (loss) $ 22,438 $ (17,067 ) $ — $ 5,371 (1) Represents intersegment sales to the Company’s retail operations.
Schedule of total assets for each reportable segments	April 30, 2017 April 30, 2016 January 31, 2017 (In thousands) Wholesale $ 1,459,142 $ 692,039 $ 1,477,259 Retail 205,024 199,560 228,352 Corporate (1) 139,622 215,082 146,333 Total Assets $ 1,803,788 $ 1,106,681 $ 1,851,944 (1) Includes assets not allocated to any reportable segment.

Basis of Presentation (Detail T

Basis of Presentation (Detail Textuals)	Apr. 30, 2017	Feb. 29, 2016
Kingdom Holdings 1 B.V. ("KH1")
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	19.00%	19.00%
KL North America BV ("KLNA")
Schedule of Equity Method Investments [Line Items]
Percent of interest acquired in joint venture	49.00%

Acquisition of Donna Karan In21

Acquisition of Donna Karan International (Details) - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017	Dec. 01, 2016	Apr. 30, 2016
Business Acquisition [Line Items]
Goodwill	$ 266,901	$ 269,262	$ 220,600	$ 50,406
Donna Karan International Inc. ("DKI")
Business Acquisition [Line Items]
Cash and cash equivalents			44,375
Accounts receivable			13,235
Inventories			10,933
Prepaid expenses & other current assets			19,533
Property, plant and equipment			15,760
Goodwill			217,947
Tradenames			370,000
Other intangibles			40,000
Other long-term assets			2,703
Total assets acquired			734,486
Accounts payable			(18,734)
Accrued expense			(38,900)
Income taxes payable			(3,443)
Other long-term liabilities			(3,631)
Total liabilities assumed			(64,708)
Total fair value of acquisition consideration (net of $40 million imputed debt discount)			$ 669,778

Acquisition of Donna Karan In22

Acquisition of Donna Karan International (Parentheticals) (Details) $ in Millions	Dec. 01, 2016USD ($)
Donna Karan International [Member]
Business Acquisition [Line Items]
Debt discount	$ 40

Acquisition of Donna Karan In23

Acquisition of Donna Karan International (Detail Textuals) - USD ($) $ in Thousands	Dec. 01, 2016	Dec. 01, 2016	Apr. 30, 2017	Jan. 31, 2017	Apr. 30, 2016
Business Acquisition [Line Items]
Goodwill	$ 220,600	$ 220,600	$ 266,901	$ 269,262	$ 50,406
Other intangible assets			$ 47,797	$ 48,558	$ 10,738
Donna Karan International Inc. ("DKI")
Business Acquisition [Line Items]
Initial purchase price	669,800
Reduction in Goodwill due to unrecorded indemnification assets	2,700
Goodwill	$ 217,947	217,947
Goodwill deductible period for tax purposes	15 years
Other intangible assets	$ 410,000	410,000
Donna Karan International Inc. ("DKI") | Tradenames
Business Acquisition [Line Items]
Other intangible assets	370,000	$ 370,000
Donna Karan International Inc. ("DKI") | Customer relationships
Business Acquisition [Line Items]
Intangible assets, estimated useful lives		17 years
Other intangible assets	$ 40,000	$ 40,000

Investment in Unconsolidated 24

Investment in Unconsolidated Affiliates (Detail Textuals) - Kingdom Holding 1 BV ("KH1") € in Millions, $ in Millions	1 Months Ended
	Feb. 29, 2016USD ($)	Feb. 29, 2016EUR (€)	Apr. 30, 2017
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	19.00%	19.00%	19.00%
Amount paid to acquired interest in joint venture	$ 35.4	€ 32.5

Inventories - Summary of invent

Inventories - Summary of inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017	Apr. 30, 2016
Inventory Disclosure [Abstract]
Finished goods	$ 445,567	$ 483,085	$ 405,658
Raw materials and work-in-process	402	184	1,062
Inventories	$ 445,969	$ 483,269	$ 406,720

Net Income (Loss) per Common 26

Net Income (Loss) per Common Share - Reconciliation between basic and diluted net income per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Earnings Per Share [Abstract]
Net income (loss) attributable to G-III	$ (10,391)	$ 2,771
Basic net income (loss) per share:
Basic common shares	48,648	45,549
Basic net income (loss) per share (in dollars per share)	$ (0.21)	$ 0.06
Diluted net income (loss) per share:
Basic common shares	48,648	45,549
Diluted restricted stock awards and stock options		1,393
Diluted common shares	48,648	46,942
Diluted net income (loss) per share (in dollars per share)	$ (0.21)	$ 0.06

Net Income (Loss) per Common 27

Net Income (Loss) per Common Share (Detail Textuals) - shares	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Earnings Per Share [Abstract]
Common stock excluded from the diluted net income per share calculation		510,800
Common stock issued in connection with exercise or vesting of equity awards	14,275	19,200

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands		Apr. 30, 2017	Jan. 31, 2017	Apr. 30, 2016
Debt Instrument [Line Items]
Subtotal		$ 545,000	$ 516,121
Less: Net debt issuance costs and debt discount	[1]	(52,204)	(54,365)
Total		492,796	461,756
Term loan
Debt Instrument [Line Items]
Subtotal		300,000	300,000
New revolving credit facility
Debt Instrument [Line Items]
Subtotal	[2]	120,000	91,121
Less: Net debt issuance costs and debt discount		(11,300)	(11,900)
Note issued to LVMH
Debt Instrument [Line Items]
Subtotal		$ 125,000	$ 125,000
[1]	This table does not include the debt issuance costs, net of amortization, totaling $11.3 million and $11.9 million as of April 30, 2017 and January 31, 2017, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are presented as an asset as permitted under ASU 2015-15.
[2]	There were no borrowings outstanding as of April 30, 2016 under the Company's prior revolving credit agreement.

Notes Payable (Detail Textuals)

Notes Payable (Detail Textuals) - USD ($) $ in Thousands		Dec. 01, 2016	Apr. 30, 2017	Jan. 31, 2017	Apr. 30, 2016
Debt Instrument [Line Items]
Debt issuance costs	[1]		$ 52,204	$ 54,365
Senior secured term loan facility (the "Term Loan")
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 350,000
Amortization payments percentage of original aggregate principal amount			0.625%
Prepayment of principle amount		$ 50,000
Floor rate			1.00%
Applicable margin			5.25%
LIBOR rate for borrowing with an interest period of one month			1.00%
Interest rate terms			Interest on the outstanding principal amount of the Term Loan accrues at a rate equal to LIBOR, subject to a 1% floor, plus an applicable margin of 5.25% or an alternate base rate (defined as the greatest of (i) the "prime rate" as published by the Wall Street Journal from time to time, (ii) the federal funds rate plus 0.5% or (iii) the LIBOR rate for a borrowing with an interest period of one month) plus 4.25%, per annum, payable in cash.
Senior secured term loan facility (the "Term Loan") | LIBOR plus
Debt Instrument [Line Items]
Spread interest rate			4.25%
Senior secured term loan facility (the "Term Loan") | Federal funds rate plus
Debt Instrument [Line Items]
Spread interest rate			0.50%
New revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing amount			$ 650,000
Maximum borrowing capacity			$ 120,000
Debt instrument commitment fee percentage			0.25%
Term of credit agreement			5 years
Debt issuance costs			$ 11,300	$ 11,900
New revolving credit facility | Trade letters of credit
Debt Instrument [Line Items]
Borrowings outstanding			9,700
New revolving credit facility | Standby letters of credit
Debt Instrument [Line Items]
Borrowings outstanding			$ 3,400
New revolving credit facility | LIBOR plus | Minimum
Debt Instrument [Line Items]
Spread interest rate			1.25%
LIBOR rate for borrowing with an interest period of one month			0.25%
New revolving credit facility | LIBOR plus | Maximum
Debt Instrument [Line Items]
Spread interest rate			1.75%
LIBOR rate for borrowing with an interest period of one month			0.75%
New revolving credit facility | Federal funds rate plus
Debt Instrument [Line Items]
Spread interest rate			0.50%
LVMH Note
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 125,000
Debt instrument interest rate			2.00%
Debt discount			$ 40,000
LVMH Note | Notes Payable due on June 1, 2023
Debt Instrument [Line Items]
Note due and payable			75,000
LVMH Note | Notes Payable due on December 1, 2023
Debt Instrument [Line Items]
Note due and payable			50,000
Prior Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing amount			$ 450,000
Term of credit agreement			5 years
Prior Revolving Credit Facility | LIBOR plus | Minimum
Debt Instrument [Line Items]
Spread interest rate			1.50%
Prior Revolving Credit Facility | LIBOR plus | Maximum
Debt Instrument [Line Items]
Spread interest rate			2.00%
Prior Revolving Credit Facility | Prime plus | Minimum
Debt Instrument [Line Items]
Spread interest rate			0.50%
Prior Revolving Credit Facility | Prime plus | Maximum
Debt Instrument [Line Items]
Spread interest rate			1.00%
[1]	This table does not include the debt issuance costs, net of amortization, totaling $11.3 million and $11.9 million as of April 30, 2017 and January 31, 2017, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are presented as an asset as permitted under ASU 2015-15.

Segments - Information regardin

Segments - Information regarding reportable segments (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2017	Apr. 30, 2016
Segment Reporting Information [Line Items]
Net sales		$ 529,042	$ 457,403
Cost of goods sold		327,186	291,734
Gross profit		201,856	165,669
Selling, general and administrative		197,411	153,105
Depreciation and amortization		9,838	7,193
Operating profit (loss)		(5,393)	5,371
Operating Segments | Wholesale
Segment Reporting Information [Line Items]
Net sales		453,017	382,371
Cost of goods sold		298,373	257,995
Gross profit		154,644	124,376
Selling, general and administrative		130,160	96,938
Depreciation and amortization		6,385	5,000
Operating profit (loss)		18,099	22,438
Operating Segments | Retail
Segment Reporting Information [Line Items]
Net sales		99,185	94,992
Cost of goods sold		51,973	53,699
Gross profit		47,212	41,293
Selling, general and administrative		67,251	56,167
Depreciation and amortization		3,453	2,193
Operating profit (loss)		(23,492)	(17,067)
Elimination
Segment Reporting Information [Line Items]
Net sales	[1]	(23,160)	(19,960)
Cost of goods sold	[1]	(23,160)	(19,960)
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 (Details 1) - USD ($) $ in Thousands		Apr. 30, 2017	Jan. 31, 2017	Apr. 30, 2016
Segment Reporting Information [Line Items]
Total Assets		$ 1,803,788	$ 1,851,944	$ 1,106,681
Corporate
Segment Reporting Information [Line Items]
Total Assets	[1]	139,622	146,333	215,082
Operating Segments | Wholesale
Segment Reporting Information [Line Items]
Total Assets		1,459,142	1,477,259	692,039
Operating Segments | Retail
Segment Reporting Information [Line Items]
Total Assets		$ 205,024	$ 228,352	$ 199,560
[1]	Includes assets not allocated to any reportable segment.

Segments (Detail Textuals)

Segments (Detail Textuals)	3 Months Ended
	Apr. 30, 2017Segment
Segment Reporting [Abstract]
Number of reportable segments	2