G-III Apparel (GIII) 10-Q 8 Sep 17 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2017	Sep. 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		48,758,185
Document Type	10-Q
Document Period End Date	Jul. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 58,782	$ 79,957	$ 44,950
Accounts receivable, net of allowances for doubtful accounts and sales discounts of $79,395, $64,016 and $95,686, respectively	287,570	263,881	243,108
Inventories	655,272	483,269	569,996
Prepaid income taxes	23,338	8,885	31,130
Deferred income taxes, net			17,576
Prepaid expenses and other current assets	58,653	46,946	33,149
Total current assets	1,083,615	882,938	939,909
INVESTMENTS IN UNCONSOLIDATED AFFILIATES	60,015	61,171	62,882
PROPERTY AND EQUIPMENT, NET	95,074	102,571	103,697
OTHER ASSETS	35,149	36,181	24,782
OTHER INTANGIBLES, NET	47,774	48,558	10,217
DEFERRED INCOME TAX ASSETS, NET	16,081	15,849
TRADEMARKS, NET	439,637	435,414	68,169
GOODWILL	264,706	269,262	49,864
TOTAL ASSETS	2,042,051	1,851,944	1,259,520
CURRENT LIABILITIES
Accounts payable	312,191	217,902	244,904
Accrued expenses	82,387	95,275	60,423
Income tax payable		2,242
Total current liabilities	394,578	315,419	305,327
NOTES PAYABLE, net of note discount and unamortized issuance costs of $50,123, $0 and $54,365, respectively	568,834	461,756
DEFERRED INCOME TAXES, NET	15,721	14,300	24,902
OTHER NON-CURRENT LIABILITIES	41,884	39,233	29,186
TOTAL LIABILITIES	1,021,017	830,708	359,415
STOCKHOLDERS' EQUITY
Preferred stock; 1,000 shares authorized; No shares issued and outstanding
Common stock - $.01 par value; 120,000 shares authorized; 49,051, 46,407 and 49,016 shares issued, respectively	254	253	231
Additional paid-in capital	448,320	437,777	360,947
Accumulated other comprehensive loss	(19,681)	(27,722)	(20,467)
Retained earnings	593,501	612,418	561,970
Common stock held in treasury, at cost - 343, 650 and 376 shares, respectively	(1,360)	(1,490)	(2,576)
TOTAL STOCKHOLDERS' EQUITY	1,021,034	1,021,236	900,105
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,042,051	$ 1,851,944	$ 1,259,520

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts and sales discounts on accounts receivable (in dollars)	$ 79,395	$ 95,686	$ 64,016
Note discount and unamortized issuance costs (in dollars)	$ 50,123	$ 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	49,051	49,016	46,407
Treasury stock, shares	343	376	650

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Income Statement [Abstract]
Net sales	$ 538,006	$ 442,267	$ 1,067,048	$ 899,670
Cost of goods sold	335,115	286,624	662,301	578,358
Gross profit	202,891	155,643	404,747	321,312
Selling, general and administrative expenses	195,849	153,168	393,260	306,273
Depreciation and amortization	10,736	7,672	20,574	14,865
Operating profit (loss)	(3,694)	(5,197)	(9,087)	174
Equity income (loss) in unconsolidated affiliates		348	(1,152)	617
Interest and financing charges, net	(9,639)	(1,056)	(19,588)	(2,298)
Loss before income taxes	(13,333)	(5,905)	(29,827)	(1,507)
Income tax benefit	(4,765)	(4,612)	(10,868)	(2,985)
Net income (loss)	$ (8,568)	$ (1,293)	$ (18,959)	$ 1,478
Basic:
Net income (loss) per common share (in dollars per share)	$ (0.18)	$ (0.03)	$ (0.39)	$ 0.03
Weighted average number of shares outstanding (in shares)	48,689	45,667	48,669	45,601
Diluted:
Net income (loss) per common share (in dollars per share)	$ (0.18)	$ (0.03)	$ (0.39)	$ 0.03
Weighted average number of shares outstanding (in shares)	48,689	45,667	48,669	46,967
Net income (loss)	$ (8,568)	$ (1,293)	$ (18,959)	$ 1,478
Other comprehensive income (loss):
Foreign currency translation adjustments	7,973	(2,810)	8,041	3,222
Other comprehensive income (loss)	7,973	(2,810)	8,041	3,222
Comprehensive income (loss)	$ (595)	$ (4,103)	$ (10,918)	$ 4,700

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Cash flows from operating activities
Net income (loss)	$ (18,959)	$ 1,478
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	20,574	14,865
Loss on disposal of fixed assets	339	657
Equity loss (income) in unconsolidated affiliate	1,152	(617)
Equity based compensation	10,262	9,028
Deferred financing charges and debt discount amortization	5,494	421
Changes in operating assets and liabilities:
Accounts receivable, net	(23,179)	(21,508)
Inventories	(171,176)	(84,537)
Income taxes, net	(16,705)	(7,781)
Prepaid expenses and other current assets	(11,534)	(10,998)
Other assets, net	7,198	(349)
Accounts payable, accrued expenses and other liabilities	82,174	60,322
Net cash used in operating activities	(114,360)	(39,019)
Cash flows from investing activities
Investment in unconsolidated affiliate		(35,432)
Capital expenditures	(10,611)	(12,617)
Net cash used in investing activities	(10,611)	(48,049)
Cash flows from financing activities
Proceeds from borrowing - revolving credit facility, net	102,834
Taxes paid for net share settlement	(7)	(2,011)
Proceeds from exercise of equity awards	422	256
Net cash provided by (used in) financing activities	103,249	(1,755)
Foreign currency translation adjustments	547	1,186
Net decrease in cash and cash equivalents	(21,175)	(87,637)
Cash and cash equivalents at beginning of period	79,957	132,587
Cash and cash equivalents at end of period	58,782	44,950
Cash payments:
Interest, net	16,228	1,748
Income tax payments, net	$ 3,749	$ 3,875

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 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. The Company’s retail stores report results on a 52/53-week fiscal year. The results for the three and six-month periods ended July 31, 2017 are not necessarily indicative of the results expected for the entire fiscal year, given the recent acquisition and integration of Donna Karan International and 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	6 Months Ended
	Jul. 31, 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”) for a total purchase price of approximately $669.8 million. DKI owns Donna Karan and DKNY, two of the world’s most iconic and recognizable power brands. DKI sells its products through department stores, specialty and online retailers worldwide, as well as through company-operated retail stores, e-commerce sites and distribution agreements. 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 the Company’s consolidated financial statements since the date of acquisition. Allocation of the purchase price consideration The Company initially recognized goodwill of approximately $220.6 million in connection with the acquisition of DKI. Under ASC 805 (Business Combinations), a company may adjust preliminary amounts recognized at the acquisition date to their subsequently determined final fair values during the measurement period. The measurement period is the period after the acquisition date during which the acquirer may adjust the balance sheet amounts recognized for a business combination (generally up to one year from the date of acquisition). The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition, as adjuted: (In thousands) Preliminary Cash and cash equivalents $ 44,375 Accounts receivable 14,776 * Inventories 13,716 * Prepaid expenses & other current assets 22,235 * Property, plant and equipment 15,414 * Goodwill 214,156 * Tradenames 370,000 Other intangibles 40,000 Other long-term assets 2,703 Total assets acquired 737,375 Accounts payable (21,436 ) Accrued expense (39,087 )* Income taxes payable (3,443 ) Other long-term liabilities (3,631 ) Total liabilities assumed (67,597 ) Total fair value of acquisition consideration (net of  $40 million imputed debt discount) $ 669,778 * In the three and six months ended July 31, 2017, the Company reduced goodwill by $3.8 million and $6.5 million respectively due to certain adjustments related to an unrecorded indemnification obligations from LVMH to us, asset reserves and fixed assets. 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. 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 integrated into G-III’s credit and collection operating system and both entities are expected to share several processes such as information technology, finance, logistics, human resources, sourcing and overseas quality control. The Company and the seller have made an election under Internal Revenue Code Section 338(h)(10). Accordingly, the book and tax basis of the acquired domestic 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.

Investment in Unconsolidated Af

Investment in Unconsolidated Affiliates	6 Months Ended
	Jul. 31, 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) for this interest. 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 July 31, 2017.

Inventories

Inventories	6 Months Ended
	Jul. 31, 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: July 31, 2017 July 31, 2016 January 31, 2017 (In thousands) Finished goods $ 654,516 $ 567,864 $ 483,085 Raw materials and work-in-process 756 2,132 184 $ 655,272 $ 569,996 $ 483,269

Net Income (Loss) per Common Sh

Net Income (Loss) per Common Share	6 Months Ended
	Jul. 31, 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 1,246,000 shares of common stock have been excluded from the diluted net income per share calculation for the six months ended July 31, 2017. For the six months ended July 31, 2017, the Company issued 34,912 shares of common stock and utilized 32,830 shares of treasury stock in connection with the exercise or vesting of equity awards. For the six months ended July 31, 2016, the Company issued 195,156 shares of common stock and utilized 16,914 shares of treasury stock 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 Six Months Ended July 31, July 31, 2017 2016 2017 2016 (In thousands, except per share amounts) Net income (loss) attributable to G-III $ (8,568 ) $ (1,293 ) $ (18,959 ) $ 1,478 Basic net income (loss) per share: Basic common shares 48,689 45,667 48,669 45,601 Basic net income (loss) per share $ (0.18 ) $ (0.03 ) $ (0.39 ) $ 0.03 Diluted net income (loss) per share: Basic common shares 48,689 45,667 48,669 45,601 Diluted restricted stock awards and stock options — — — 1,366 Diluted common shares 48,689 45,667 48,669 46,967 Diluted net income (loss) per share $ (0.18 ) $ (0.03 ) $ (0.39 ) $ 0.03

Notes Payable

Notes Payable	6 Months Ended
	Jul. 31, 2017
Debt Disclosure [Abstract]
Notes Payable	Note 6 – Notes Payable Long-term debt consists of the following (in thousands): July 31, 2017 January 31, 2017 Term loan $ 300,000 $ 300,000 New revolving credit facility 193,955 91,121 Note issued to LVMH 125,000 125,000 Subtotal 618,955 516,121 Less: Net debt issuance costs and debt discount (2) (50,121 ) (54,365 ) Total (1) $ 568,834 $ 461,756 (1) There were no borrowings outstanding as of July 31, 2016 under the Company’s prior revolving credit agreement. (2) This table does not include the debt issuance costs, net of amortization, totaling $10.8 million and $11.9 million as of July 31, 2017 and January 31, 2017, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are classified in prepaid expense in the accompanying Balance Sheet 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. As of July 31, 2017, interest under the Term Loan was being paid at an average rate of 6.3% per annum. 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 July 31, 2017, the Company was in compliance with these covenants. New Revolving Credit Facility Upon closing of the acquisition of DKI, the Company’s prior credit agreement (the “prior 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. As of July 31, 2017, interest under the new revolving credit agreement was being paid at the average rate of 2.41% per annum. 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 July 31, 2017, the Company had $194.0 million of borrowings outstanding under the new revolving credit facility all of which are classified as long-term liabilities. As of July 31, 2017, there were outstanding trade and standby letters of credit amounting to $13.3 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 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.

Segments

Segments	6 Months Ended
	Jul. 31, 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 and six-month periods indicated below: Three Months Ended July 31, 2017 Wholesale Retail Elimination (1) Total Net sales $ 467,804 $ 106,436 $ (36,234 ) $ 538,006 Cost of goods sold 316,417 54,932 (36,234 ) 335,115 Gross profit 151,387 51,504 — 202,891 Selling, general and administrative 128,484 67,365 — 195,849 Depreciation and amortization 7,229 3,507 — 10,736 Operating profit (loss) $ 15,674 $ (19,368 ) $ — $ (3,694 ) Three Months Ended July 31, 2016 Wholesale Retail Elimination (1) Total Net sales $ 361,344 $ 99,958 $ (19,035 ) $ 442,267 Cost of goods sold 250,475 55,184 (19,035 ) 286,624 Gross profit 110,869 44,774 — 155,643 Selling, general and administrative 96,613 56,555 — 153,168 Depreciation and amortization 5,370 2,302 — 7,672 Operating profit (loss) $ 8,886 $ (14,083 ) $ — $ (5,197 ) Six Months Ended July 31, 2017 Wholesale Retail Elimination (1) Total Net sales $ 921,116 $ 205,620 $ (59,688 ) $ 1,067,048 Cost of goods sold 614,722 107,267 (59,688 ) 662,301 Gross profit 306,394 98,353 — 404,747 Selling, general and administrative 258,644 134,616 393,260 Depreciation and amortization 13,613 6,961 — 20,574 Operating profit (loss) $ 34,137 $ (43,224 ) $ — $ (9,087 ) Six Months Ended July 31, 2016 Wholesale Retail Elimination (1) Total Net sales $ 743,715 $ 194,950 $ (38,995 ) $ 899,670 Cost of goods sold 508,471 108,882 (38,995 ) 578,358 Gross profit 235,244 86,068 — 321,312 Selling, general and administrative 193,551 112,722 — 306,273 Depreciation and amortization 10,371 4,494 — 14,865 Operating profit (loss) $ 31,322 $ (31,148 ) $ — $ 174 (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, 2017 July 31, 2016 January 31, 2017 (In thousands) Wholesale $ 1,670,243 $ 874,258 $ 1,477,259 Retail 220,668 212,296 228,352 Corporate (1) 151,140 172,966 146,333 Total Assets $ 2,042,051 $ 1,259,520 $ 1,851,944 (1) Includes assets not allocated to either reportable segment.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jul. 31, 2017
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 8 – Recent Accounting Pronouncements Accounting Guidance Issued Being Evaluated for Adoption In July 2017, the FASB issued ASU 2017-11, “Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815): (I) Accounting for Certain Financial Instruments with Down Round Features and (II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception.” This standard is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of adopting this guidance. In May 2017, the FASB issued ASU 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting.” ASU 2017-09 provides clarification on when modification accounting should be used for changes to the terms or conditions of a share-based payment award. This ASU does not change the accounting for modifications but clarifies that modification accounting guidance should only be applied if there is a change to the value, vesting conditions or award classification and would not be required if the changes are considered non-substantive. The amendments of this ASU are effective for reporting periods beginning after December 15, 2017, with early adoption permitted. The adoption of ASU 2017-09 is not expected to have an impact on the Company’s consolidated financial statements. 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 modified retrospective method). The Company has decided to adopt the pronouncement using a modified retrospective approach. 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 are 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. 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. Given the Company’s significant number of leases, the Company expects this standard will result in a significant increase to its long-term assets and liabilities but does not expect it to have a material impact on the Consolidated Statements of Income. The Company expects to adopt the new standard in the first quarter of fiscal 2020. 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 (i) modifies how entities measure equity investments and present changes in the fair value of financial liabilities, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) changes presentation and disclosure requirements and (iv) 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.

Subsequent events

Subsequent events	6 Months Ended
	Jul. 31, 2017
Subsequent Events [Abstract]
Subsequent events	Note 9 – Subsequent events In August, 2017, the Company entered into a joint venture with Amlon Capital B.V. (“Amlon”), a private company incorporated in the Netherlands, to produce and market women’s and men’s apparel and accessories pursuant to a long-term license for DKNY and Donna Karan in the People’s Republic of China, including Macau, Hong Kong and Taiwan. The Company owns 49% of the joint venture, with Amlon owning the remaining 51%. The joint venture will be funded with $25 million of equity to be used to strengthen the DKNY and Donna Karan brands and accelerate the growth of the business in the region. Of this amount, G-III is required to contribute an aggregate of $10.0 million to the joint venture by August 2018. As of January 1, 2018, this joint venture will be the exclusive seller of women’s and men’s apparel, handbags, luggage and certain accessories under the DKNY and Donna Karan brands in the territory.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 31, 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. The Company’s retail stores report results on a 52/53-week fiscal year. The results for the three and six-month periods ended July 31, 2017 are not necessarily indicative of the results expected for the entire fiscal year, given the recent acquisition and integration of Donna Karan International and 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 July 2017, the FASB issued ASU 2017-11, “Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815): (I) Accounting for Certain Financial Instruments with Down Round Features and (II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception.” This standard is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of adopting this guidance. In May 2017, the FASB issued ASU 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting.” ASU 2017-09 provides clarification on when modification accounting should be used for changes to the terms or conditions of a share-based payment award. This ASU does not change the accounting for modifications but clarifies that modification accounting guidance should only be applied if there is a change to the value, vesting conditions or award classification and would not be required if the changes are considered non-substantive. The amendments of this ASU are effective for reporting periods beginning after December 15, 2017, with early adoption permitted. The adoption of ASU 2017-09 is not expected to have an impact on the Company’s consolidated financial statements. 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 modified retrospective method). The Company has decided to adopt the pronouncement using a modified retrospective approach. 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 are 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. 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. Given the Company’s significant number of leases, the Company expects this standard will result in a significant increase to its long-term assets and liabilities but does not expect it to have a material impact on the Consolidated Statements of Income. The Company expects to adopt the new standard in the first quarter of fiscal 2020. 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 (i) modifies how entities measure equity investments and present changes in the fair value of financial liabilities, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) changes presentation and disclosure requirements and (iv) 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 In16

Acquisition of Donna Karan International (Tables)	6 Months Ended
	Jul. 31, 2017
Business Combinations [Abstract]
Schedule of allocation of purchase price consideration	(In thousands) Preliminary Cash and cash equivalents $ 44,375 Accounts receivable 14,776 * Inventories 13,716 * Prepaid expenses & other current assets 22,235 * Property, plant and equipment 15,414 * Goodwill 214,156 * Tradenames 370,000 Other intangibles 40,000 Other long-term assets 2,703 Total assets acquired 737,375 Accounts payable (21,436 ) Accrued expense (39,087 )* Income taxes payable (3,443 ) Other long-term liabilities (3,631 ) Total liabilities assumed (67,597 ) Total fair value of acquisition consideration (net of  $40 million imputed debt discount) $ 669,778 * In the three and six months ended July 31, 2017, the Company reduced goodwill by $3.8 million and $6.5 million respectively due to certain adjustments related to an unrecorded indemnification obligations from LVMH to us, asset reserves and fixed assets.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 31, 2017
Inventory Disclosure [Abstract]
Schedule of inventories	July 31, 2017 July 31, 2016 January 31, 2017 (In thousands) Finished goods $ 654,516 $ 567,864 $ 483,085 Raw materials and work-in-process 756 2,132 184 $ 655,272 $ 569,996 $ 483,269

Net Income (Loss) per Common 18

Net Income (Loss) per Common Share (Tables)	6 Months Ended
	Jul. 31, 2017
Earnings Per Share [Abstract]
Schedule of reconciliation between basic and diluted net income per share	Three Months Ended Six Months Ended July 31, July 31, 2017 2016 2017 2016 (In thousands, except per share amounts) Net income (loss) attributable to G-III $ (8,568 ) $ (1,293 ) $ (18,959 ) $ 1,478 Basic net income (loss) per share: Basic common shares 48,689 45,667 48,669 45,601 Basic net income (loss) per share $ (0.18 ) $ (0.03 ) $ (0.39 ) $ 0.03 Diluted net income (loss) per share: Basic common shares 48,689 45,667 48,669 45,601 Diluted restricted stock awards and stock options — — — 1,366 Diluted common shares 48,689 45,667 48,669 46,967 Diluted net income (loss) per share $ (0.18 ) $ (0.03 ) $ (0.39 ) $ 0.03

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jul. 31, 2017
Debt Disclosure [Abstract]
Schedule of long-term debt	July 31, 2017 January 31, 2017 Term loan $ 300,000 $ 300,000 New revolving credit facility 193,955 91,121 Note issued to LVMH 125,000 125,000 Subtotal 618,955 516,121 Less: Net debt issuance costs and debt discount (2) (50,121 ) (54,365 ) Total (1) $ 568,834 $ 461,756 (1) There were no borrowings outstanding as of July 31, 2016 under the Company’s prior revolving credit agreement. (2) This table does not include the debt issuance costs, net of amortization, totaling $10.8 million and $11.9 million as of July 31, 2017 and January 31, 2017, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are classified in prepaid expense in the accompanying Balance Sheet as permitted under ASU 2015-15.

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jul. 31, 2017
Segment Reporting [Abstract]
Schedule of information regarding reportable segments	Three Months Ended July 31, 2017 Wholesale Retail Elimination (1) Total Net sales $ 467,804 $ 106,436 $ (36,234 ) $ 538,006 Cost of goods sold 316,417 54,932 (36,234 ) 335,115 Gross profit 151,387 51,504 — 202,891 Selling, general and administrative 128,484 67,365 — 195,849 Depreciation and amortization 7,229 3,507 — 10,736 Operating profit (loss) $ 15,674 $ (19,368 ) $ — $ (3,694 ) Three Months Ended July 31, 2016 Wholesale Retail Elimination (1) Total Net sales $ 361,344 $ 99,958 $ (19,035 ) $ 442,267 Cost of goods sold 250,475 55,184 (19,035 ) 286,624 Gross profit 110,869 44,774 — 155,643 Selling, general and administrative 96,613 56,555 — 153,168 Depreciation and amortization 5,370 2,302 — 7,672 Operating profit (loss) $ 8,886 $ (14,083 ) $ — $ (5,197 ) Six Months Ended July 31, 2017 Wholesale Retail Elimination (1) Total Net sales $ 921,116 $ 205,620 $ (59,688 ) $ 1,067,048 Cost of goods sold 614,722 107,267 (59,688 ) 662,301 Gross profit 306,394 98,353 — 404,747 Selling, general and administrative 258,644 134,616 393,260 Depreciation and amortization 13,613 6,961 — 20,574 Operating profit (loss) $ 34,137 $ (43,224 ) $ — $ (9,087 ) Six Months Ended July 31, 2016 Wholesale Retail Elimination (1) Total Net sales $ 743,715 $ 194,950 $ (38,995 ) $ 899,670 Cost of goods sold 508,471 108,882 (38,995 ) 578,358 Gross profit 235,244 86,068 — 321,312 Selling, general and administrative 193,551 112,722 — 306,273 Depreciation and amortization 10,371 4,494 — 14,865 Operating profit (loss) $ 31,322 $ (31,148 ) $ — $ 174 (1) Represents intersegment sales to the Company’s retail operations.
Schedule of total assets for each reportable segments	July 31, 2017 July 31, 2016 January 31, 2017 (In thousands) Wholesale $ 1,670,243 $ 874,258 $ 1,477,259 Retail 220,668 212,296 228,352 Corporate (1) 151,140 172,966 146,333 Total Assets $ 2,042,051 $ 1,259,520 $ 1,851,944 (1) Includes assets not allocated to either reportable segment.

Basis of Presentation (Detail T

Basis of Presentation (Detail Textuals)	Jul. 31, 2017	Feb. 29, 2016
KL North America BV ("KLNA")
Schedule of Equity Method Investments [Line Items]
Percent of interest acquired in joint venture	49.00%
Kingdom Holdings 1 B.V. ("KH1")
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	19.00%	19.00%

Acquisition of Donna Karan In22

Acquisition of Donna Karan International (Details) - USD ($) $ in Thousands		Jul. 31, 2017	Jan. 31, 2017	Dec. 01, 2016	Jul. 31, 2016
Business Acquisition [Line Items]
Goodwill		$ 264,706	$ 269,262	$ 220,600	$ 49,864
Donna Karan International Inc. ("DKI")
Business Acquisition [Line Items]
Cash and cash equivalents		44,375
Accounts receivable	[1]	14,776
Inventories	[1]	13,716
Prepaid expenses & other current assets	[1]	22,235
Property, plant and equipment	[1]	15,414
Goodwill	[1]	214,156
Tradenames		370,000
Other intangibles		40,000
Other long-term assets		2,703
Total assets acquired		737,375
Accounts payable		(21,436)
Accrued expense	[1]	(39,087)
Income taxes payable		(3,443)
Other long-term liabilities		(3,631)
Total liabilities assumed		(67,597)
Total fair value of acquisition consideration (net of $40 million imputed debt discount)		$ 669,778
[1]	In the three and six months ended July 31, 2017, the Company reduced goodwill by $3.8 million and $6.5 million, respectively, due to certain adjustments related to an unrecorded indemnification obligations from LVMH to us, asset reserves and fixed assets.

Acquisition of Donna Karan In23

Acquisition of Donna Karan International (Parentheticals) (Details) - USD ($) $ in Millions	Jul. 31, 2017	Jan. 31, 2017
Business Acquisition [Line Items]
Debt discount	$ 10.8	$ 11.9
Donna Karan International Inc. ("DKI")
Business Acquisition [Line Items]
Debt discount	$ 40

Acquisition of Donna Karan In24

Acquisition of Donna Karan International (Detail Textuals) - USD ($) $ in Thousands		Dec. 01, 2016	Jul. 31, 2017	Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
Business Acquisition [Line Items]
Goodwill		$ 220,600	$ 264,706	$ 264,706	$ 269,262	$ 49,864
Other intangible assets			47,774	47,774	$ 48,558	$ 10,217
Donna Karan International Inc. ("DKI")
Business Acquisition [Line Items]
Initial purchase price		$ 669,800
Reduction in Goodwill due to unrecorded indemnification assets			3,800	6,500
Goodwill	[1]		$ 214,156	$ 214,156
Goodwill deductible period for tax purposes		15 years
Other intangible assets		$ 410,000
Donna Karan International Inc. ("DKI") | Tradenames
Business Acquisition [Line Items]
Other intangible assets		$ 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
[1]	In the three and six months ended July 31, 2017, the Company reduced goodwill by $3.8 million and $6.5 million, respectively, due to certain adjustments related to an unrecorded indemnification obligations from LVMH to us, asset reserves and fixed assets.

Investment in Unconsolidated 25

Investment in Unconsolidated Affiliates (Detail Textuals) - Kingdom Holding 1 BV ("KH1") € in Millions, $ in Millions	1 Months Ended
	Feb. 29, 2016USD ($)	Feb. 29, 2016EUR (€)	Jul. 31, 2017
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	19.00%	19.00%	19.00%
Amount of contribution required for joint venture	$ 35.4	€ 32.5

Inventories - Summary of invent

Inventories - Summary of inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
Inventory Disclosure [Abstract]
Finished goods	$ 654,516	$ 483,085	$ 567,864
Raw materials and work-in-process	756	184	2,132
Inventories	$ 655,272	$ 483,269	$ 569,996

Net Income (Loss) per Common 27

Net Income (Loss) per Common Share - Reconciliation between basic and diluted net income per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Earnings Per Share [Abstract]
Net income (loss) attributable to G-III (in dollars)	$ (8,568)	$ (1,293)	$ (18,959)	$ 1,478
Basic net income (loss) per share:
Basic common shares	48,689	45,667	48,669	45,601
Basic net income (loss) per share (in dollars per share)	$ (0.18)	$ (0.03)	$ (0.39)	$ 0.03
Diluted net income (loss) per share:
Basic common shares	48,689	45,667	48,669	45,601
Diluted restricted stock awards and stock options				1,366
Diluted common shares	48,689	45,667	48,669	46,967
Diluted net income (loss) per share (in dollars per share)	$ (0.18)	$ (0.03)	$ (0.39)	$ 0.03

Net Income (Loss) per Common 28

Net Income (Loss) per Common Share (Detail Textuals) - shares	6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Earnings Per Share [Abstract]
Common stock excluded from the diluted net income per share calculation	1,246,000
Common stock issued in connection with exercise or vesting of equity awards	34,912	195,156
Shares release from treasury stock in connection with the exercise or vesting of equity awards	32,830	16,914

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands		Jul. 31, 2017	Jan. 31, 2017
Debt Instrument [Line Items]
Subtotal		$ 618,955	$ 516,121
Less: Net debt issuance costs and debt discount	[1]	(50,121)	(54,365)
Total	[2]	568,834	461,756
Term loan
Debt Instrument [Line Items]
Subtotal		300,000	300,000
New revolving credit facility
Debt Instrument [Line Items]
Subtotal		193,955	91,121
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 $10.8 million and $11.9 million as of July 31, 2017 and January 31, 2017, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are classified in prepaid expense in the accompanying Balance Sheet as permitted under ASU 2015-15.
[2]	There were no borrowings outstanding as of July 31, 2016 under the Company's prior revolving credit agreement.

Notes Payable (Detail Textuals)

Notes Payable (Detail Textuals) - USD ($) $ in Thousands		Dec. 01, 2016	Jul. 31, 2017	Jan. 31, 2017
Debt Instrument [Line Items]
Debt issuance costs	[1]		$ 50,121	$ 54,365
Debt discount			10,800	$ 11,900
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%
Debt instrument interest rate			6.30%
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
Debt instrument commitment fee percentage			0.25%
Term of credit agreement			5 years
Debt instrument interest rate			2.41%
New revolving credit facility | long-term liabilities
Debt Instrument [Line Items]
Borrowings outstanding			$ 194,000
New revolving credit facility | Trade letters of credit
Debt Instrument [Line Items]
Borrowings outstanding			13,300
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
[1]	This table does not include the debt issuance costs, net of amortization, totaling $10.8 million and $11.9 million as of July 31, 2017 and January 31, 2017, respectively, related to the new revolving credit facility. The debt issuance costs have been deferred and are classified in prepaid expense in the accompanying Balance Sheet as permitted under ASU 2015-15.

Segments - Information regardin

Segments - Information regarding reportable segments (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Segment Reporting Information [Line Items]
Net sales		$ 538,006	$ 442,267	$ 1,067,048	$ 899,670
Cost of goods sold		335,115	286,624	662,301	578,358
Gross profit		202,891	155,643	404,747	321,312
Selling, general and administrative		195,849	153,168	393,260	306,273
Depreciation and amortization		10,736	7,672	20,574	14,865
Operating profit (loss)		(3,694)	(5,197)	(9,087)	174
Operating Segments | Wholesale
Segment Reporting Information [Line Items]
Net sales		467,804	361,344	921,116	743,715
Cost of goods sold		316,417	250,475	614,722	508,471
Gross profit		151,387	110,869	306,394	235,244
Selling, general and administrative		128,484	96,613	258,644	193,551
Depreciation and amortization		7,229	5,370	13,613	10,371
Operating profit (loss)		15,674	8,886	34,137	31,322
Operating Segments | Retail
Segment Reporting Information [Line Items]
Net sales		106,436	99,958	205,620	194,950
Cost of goods sold		54,932	55,184	107,267	108,882
Gross profit		51,504	44,774	98,353	86,068
Selling, general and administrative		67,365	56,555	134,616	112,722
Depreciation and amortization		3,507	2,302	6,961	4,494
Operating profit (loss)		(19,368)	(14,083)	(43,224)	(31,148)
Elimination
Segment Reporting Information [Line Items]
Net sales	[1]	(36,234)	(19,035)	(59,688)	(38,995)
Cost of goods sold	[1]	(36,234)	(19,035)	(59,688)	(38,995)
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		Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
Segment Reporting Information [Line Items]
Total Assets		$ 2,042,051	$ 1,851,944	$ 1,259,520
Corporate
Segment Reporting Information [Line Items]
Total Assets	[1]	151,140	146,333	172,966
Operating Segments | Wholesale
Segment Reporting Information [Line Items]
Total Assets		1,670,243	1,477,259	874,258
Operating Segments | Retail
Segment Reporting Information [Line Items]
Total Assets		$ 220,668	$ 228,352	$ 212,296
[1]	Includes assets not allocated to either reportable segment.

Segments (Detail Textuals)

Segments (Detail Textuals)	6 Months Ended
	Jul. 31, 2017Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Subsequent events (Detail Textu

Subsequent events (Detail Textuals) - Subsequent Event - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2017	Aug. 31, 2018
Subsequent Event [Line Items]
Percent of interest acquired in joint venture	49.00%
Amlon Capital B.V.
Subsequent Event [Line Items]
Percent of interest acquired in joint venture	51.00%
Equity issued in joint venture	$ 25
Amount of contribution required for joint venture		$ 10