Segment Information

3 Months Ended

Apr. 30, 2012

Segment Information [Abstract]

Segment Information

7. Segment Information

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the Company’s management in deciding how to allocate resources and in assessing performance. The Company operates in the outdoor market of the sporting goods industry in which the Company designs, markets and distributes clothing, footwear, accessories and related products. The Company currently operates in three segments: the Americas, Europe and Asia/Pacific. The Americas segment includes revenues from the United States, Canada and Latin America. The European segment includes revenues primarily from Europe, the Middle East and Africa. The Asia/Pacific segment includes revenues primarily from Australia, Japan, New Zealand and Indonesia. Costs that support all three segments, including trademark protection, trademark maintenance and licensing functions, are part of corporate operations. Corporate operations also includes sourcing income and gross profit earned from the Company’s licensees. The Company’s largest customer accounted for approximately 2% of the Company’s net revenues for the six months ended April 30, 2012 and 2011.

Information related to the Company’s operating segments is as follows:

In thousands	Three Months Ended April 30,
	2012			2011
Revenues, net:
Americas	$	220,975		$	210,669
Europe		195,554			206,941
Asia/Pacific		74,026			58,140
Corporate operations		1,658			2,343
	$	492,213		$	478,093
Gross profit:
Americas	$	97,709		$	103,501
Europe		108,997			128,332
Asia/Pacific		35,963			30,862
Corporate operations		(520	)		(526	)
	$	242,149		$	262,169
SG&A expense:
Americas	$	88,407		$	85,139
Europe		83,202			84,569
Asia/Pacific		40,002			37,817
Corporate operations		12,399			9,223
	$	224,010		$	216,748
Asset impairments:
Americas	$	415		$	465
Europe		—			—
Asia/Pacific		—			74,145
Corporate operations		—			—
	$	415		$	74,610
Operating income (loss):
Americas	$	8,887		$	17,897
Europe		25,795			43,763
Asia/Pacific		(4,039	)		(81,100	)
Corporate operations		(12,919	)		(9,749	)
	$	17,724		$	(29,189	)

In thousands	Six Months Ended April 30,
	2012			2011
Revenues, net:
Americas	$	426,383		$	404,459
Europe		364,428			372,140
Asia/Pacific		148,619			125,141
Corporate operations		2,404			2,803
	$	941,834		$	904,543
Gross profit:
Americas	$	185,637		$	192,967
Europe		210,769			225,632
Asia/Pacific		74,103			67,495
Corporate operations		(410	)		(455	)
	$	470,099		$	485,639
SG&A expense:
Americas	$	177,888		$	168,133
Europe		169,298			164,986
Asia/Pacific		77,241			72,647
Corporate operations		29,998			21,418
	$	454,425		$	427,184
Asset impairments:
Americas	$	415		$	465
Europe		—			—
Asia/Pacific		—			74,145
Corporate operations		—			—
	$	415		$	74,610
Operating income (loss):
Americas	$	7,334		$	24,369
Europe		41,471			60,646
Asia/Pacific		(3,138	)		(79,297	)
Corporate operations		(30,408	)		(21,873	)
	$	15,259		$	(16,155	)
	April 30, 2012			October 31, 2011
Identifiable assets:
Americas	$	549,466		$	577,643
Europe		737,858			750,378
Asia/Pacific		211,797			231,879
Corporate operations		197,320			204,323
	$	1,696,441		$	1,764,223