Memberus-gaap:CoVenturerMember2020-12-010000821002giii:FabcoHoldingB.v. References to fiscal years refer to the year ended or ending on January 31 of that year. Kenneth Cole, Cole Haan, Vince Camuto and Dockers. The closure of these stores was completed during fiscal 2021. Some of our customers, such as Costco and Sam's Club, remained open for business. Our retail partners have since reopened with certain limitations and restrictions. We are investing in digital personnel, marketing, logistics, planning and distribution. We also seek input from selected customers with respect to product design. Such conflicts may arise from time to time as we pursue international expansion. Substantially all of our products are distributed from a few key locations. A portion of the new 15% tariffs went into effect on September 1, 2019. This amount was paid to the CBSA. The Tribunal has confirmed receipt of the Notice of Appeal. As 35 Table of Contentsa result, variations from our forecasts could be material. There were no impairments identified as of April 30, 2020. A violation of our covenants could limit access to our credit facilities. As a result, Fabco is now treated as a consolidated majority-owned subsidiary. KLH holds the worldwide rights to the Karl Lagerfeld brand. Effective December 1, 2020, Fabco is a consolidated majority-owned subsidiary of ours. Historical return rates are calculated on a product line basis. PRSU's generally vest over a two to five year period. This valuation is performed with the assistance of a third party valuation specialist. These assumptions reflect management's best estimates. The facility may be cancelled at any time by TRB or HSBC Bank. We had $400 million in borrowings outstanding under the Notes at January 31, 2021. These investments are accounted for using the equity method of accounting. All material intercompany balances and transactions have been eliminated. &# The reserves for variable consideration are recorded as customer refund liabilities. Accounts receivable are net of an allowance for doubtful accounts. The Company determines if an arrangement is, or contains, a lease at contract inception. Leases with an initial term of 12 months or less are not recorded on the balance sheet. 8203;The lease classification evaluation begins at the commencement date. RSU's and employee stock options are expensed on a straight-line basis. On August 7, 2020, the Company refinanced its term loan and revolving credit facility. The Company adopted ASU 2016-16 as of February 1, 2020. The Company adopted the standard effective February 1, 2020. Our Wilsons Leather and G.H. Bass stores were closed as a result of the restructuring. In general, markdowns are granted to full price customers, such as department stores. Consignment inventory is stored at the facilities of the Company's customers. Of this amount, the Company contributed an aggregate $10.0 million. 333-80937) of G-III Apparel Group, Ltd.,(2) Registration Statement (Form S-8 No. P"-T;K7_/G8?\\ @4__ ,;H T:*SO-UK_GSL/\\ P*?_ M# %%% \'.^.O^1.OOK%_Z-2NBKG?\'7_(G7WUB_P#1J5T5 ! 1110 4444 %%%% M!1110 4444 %%%% ! 1110 4444 V?QJ:3V0B@WBS4M4)C\\/:++ M*IX^U7?[N,^.I%4(-*\\6:%JL^L(MKJJJJH50 ! \'3_"@!G_"1:\'_T&=._\\"D_QH_X2+0_^@SIW_@4 MG^-/_L+2/^@58_\\ @.G^%\']A:1_T"K\'_ ,! JQ_\\!T_PH 9_PD6A_P#09T[_ ,"D_P :/^$BT/\\ Z#.G?^!2?XT_^PM( M_P"@58_^ Z?X4?V%I\'_0*L?_ H_X270O^@WIO\\ X%)_C4W]B:3_ - RR_\\ =/\\*/[$TG_H&67_ (#I_A0! A)="_P"@WIO_ M (%)_C1_PDNA?]!O3?\\ P*3_ ! Member us-gaap:CoVent
