Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2011

Business Segments and Geographic Information [Abstract]

Information by business group, excluding discontinued operations, is set forth below:


			Intimate
	Sportswear		Apparel		Swimwear
	Group		Group		Group		Group Total		Corporate / Other			Total

Fiscal 2011
Net revenues	$	1,305,769	$	932,131	$	275,488	$	2,513,388	$	—		$	2,513,388
Operating income (loss) (f) (g)		80,641		133,755		28,067		242,463		(60,918	)		181,545
Depreciation and amortization		72,831		21,254		2,413		96,498		1,368			97,866
Restructuring expense		45,884		6,556		7,533		59,973		966			60,939
Capital expenditures		26,662		26,170		435		53,267		2,103			55,370

Fiscal 2010
Net revenues	$	1,204,065	$	834,010	$	257,676	$	2,295,751	$	—		$	2,295,751
Operating income (loss) (b)		143,260		134,928		18,698		296,886		(49,075	)		247,811
Depreciation and amortization (c)		33,489		18,158		2,330		53,977		1,388			55,365
Restructuring expense		1,818		3,596		3,582		8,996		813			9,809
Capital expenditures		33,640		12,789		564		46,993		3,270			50,263

Fiscal 2009
Net revenues	$	1,044,892	$	723,222	$	251,511	$	2,019,625	$	—		$	2,019,625
Operating income (loss) (a)(d)		118,477		116,269		16,168		250,914		(57,379	)		193,535
Depreciation and amortization (e)		29,849		13,162		2,415		45,426		1,417			46,843
Restructuring expense		3,242		4,314		3,019		10,575		1,551			12,126
Capital expenditures		15,912		22,112		616		38,640		4,116			42,756

Balance Sheet
Total Assets:
Fiscal 2011	$	994,425	$	486,636	$	148,982	$	1,630,043	$	117,807		$	1,747,850
Fiscal 2010		995,475		381,371		154,831		1,531,677		121,595			1,653,272
Property, Plant and Equipment:
Fiscal 2011	$	64,149	$	43,966	$	2,220	$	110,335	$	22,687		$	133,022
Fiscal 2010		63,555		28,522		3,023		95,100		34,152			129,252


(a)		reflects a charge of $3,552 recorded during Fiscal 2009 related to the write down of inventory associated with the Company’s LZR Racer and other similar racing swimsuits. The Company recorded the write down as a result of the Federation Internationale de Natation’s ruling during Fiscal 2009 which banned the use of these types of suits in competitive swim events.

(b)		reflects the allocation of $9,892 of corporate expenses to the Sportswear Group ($6,924), the Intimate Apparel Group ($3,796) and the Swimwear Group (($828)), respectively, during Fiscal 2010 to conform to the presentation for Fiscal 2011.

(c)		reflects the allocation of $1,635 of corporate depreciation and amortization expense to the Sportswear Group ($842), the Intimate Apparel Group ($615) and the Swimwear Group ($178), respectively, during Fiscal 2010 to conform to the presentation for Fiscal 2011.


(d)		reflects the allocation of $6,664 of corporate expenses to the Sportswear Group ($4,698), the Intimate Apparel Group ($2,638) and the Swimwear Group (($672)), respectively, during Fiscal 2009 to conform to the presentation for Fiscal 2011.

(e)		reflects the allocation of $1,653 of corporate depreciation and amortization expense to the Sportswear Group ($876), the Intimate Apparel Group ($562) and the Swimwear Group ($215), respectively, during Fiscal 2009 to conform to the presentation for Fiscal 2011.

(f)		includes a gain of $2,000 in the Intimate Apparel Group related to the sale and assignment of the Company’s Nancy Ganz^® trademarks in Australia and New Zealand to the Company’s former licensee for cash consideration of $2,000.

(g)		includes a gain of $1,630 related to the recovery of an insurance claim for a fire in a warehouse in Peru, attributable partly to the Sportswear Group and partly to the Intimate Apparel Group, recorded in selling, general and administrative expenses on the Consolidated Statements of Operations.

Summarization of corporate or other expenses

The table below summarizes corporate/other expenses for each period presented:


	Fiscal 2011		Fiscal 2010			Fiscal 2009
Unallocated corporate expenses (a)	$	32,349	$	45,213		$	31,360
Foreign exchange losses (gains)		165		(1,206	)		2,627
Pension expense		26,069		2,867			20,424
Restructuring expense		967		813			1,551
Depreciation and amortization of corporate assets		1,368		1,388			1,417

Corporate/other expenses	$	60,918	$	49,075		$	57,379


(a)		the decrease in unallocated corporate expenses for Fiscal 2011 compared to Fiscal 2010 is related primarily to (i) a net reduction in amounts accrued for employee compensation ($9,200) and (ii) a decline in general administrative and professional fees ($3,700). The increase in unallocated corporate expenses for Fiscal 2010 compared to Fiscal 2009 was primarily related to: (i) an increase in amounts accrued for performance-based employee compensation and other employee benefits ($10,100), (ii) an increase in share-based compensation expense due primarily to the addition of Retirement Eligibility provisions in the Fiscal 2010 awards ($4,500) (see Note 13 of Notes to Consolidated Financial Statements); (iii) an increase in professional fees ($1,500) and (iv) a charge for franchise taxes of $1,000, related to the correction of amounts recorded in prior periods (the amount was not material to any prior period).

Reconciliation of operating income

A reconciliation of operating income from operating groups to income from continuing operations before provision for income taxes and non-controlling interest for Fiscal 2011, Fiscal 2010 and Fiscal 2009, is as follows:


	Fiscal 2011			Fiscal 2010			Fiscal 2009
Operating income by operating groups	$	242,463		$	296,886		$	250,914
Corporate/other expenses		(60,918	)		(49,075	)		(57,379	)

Operating income		181,545			247,811			193,535
Other loss		631			6,238			1,889
Interest expense		16,274			14,483			23,897
Interest income		(3,361	)		(2,815	)		(1,248	)

Income from continuing operations before provision for income taxes and non-controlling interest	$	168,001		$	229,905		$	168,997

Summarization of net revenues by geographic region

Geographic Information: Included in the consolidated financial statements are the following amounts relating to geographic locations where the Company has business operations:


	Fiscal 2011		%			Fiscal 2010		%			Fiscal 2009		%
Net revenues:
United States	$	1,013,239		40.3	%	$	1,008,167		44.0	%	$	916,691		45.4	%
Europe		628,094		25.0	%		576,644		25.1	%		551,595		27.3	%
Asia		499,499		19.9	%		391,264		17.0	%		322,890		16.0	%
Mexico, Central and South America		240,262		9.5	%		188,217		8.2	%		119,149		5.9	%
Canada		132,294		5.3	%		131,459		5.7	%		109,300		5.4	%

	$	2,513,388		100.0	%	$	2,295,751		100.0	%	$	2,019,625		100.0	%

Summarization of Property, plant and equipment by geographic region


	December 31, 2011				January 1, 2011
Property, plant and equipment, net:
United States	$	35,437	26.6	%	$	43,738	33.8	%
Europe		56,933	42.8	%		52,339	40.5	%
All other		40,652	30.6	%		33,175	25.7	%

	$	133,022	100.0	%	$	129,252	100.0	%

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References+ Details

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

+ References+ Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details