Segment Information

9 Months Ended

Jul. 31, 2013

Segment Reporting [Abstract]

Segment Information

3. Segment Information

Operating segments are defined as components of an enterprise which separate financial information is available that is evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operates in the outdoor market of the action sports industry in which the Company designs, markets and distributes apparel, footwear, accessories and related products. The Company currently operates in four segments: the Americas, EMEA, and APAC, each of which sells a full range of the Company’s products, as well as Corporate Operations. The Americas segment, consisting of North, South and Central America, includes revenues primarily from the United States, Canada, Brazil and Mexico. The EMEA segment, consisting of Europe, the Middle East and Africa, includes revenues primarily from continental Europe, the United Kingdom, Russia, and South Africa. The APAC segment, consisting of Australia, New Zealand, and Asia, includes revenues primarily from Australia, Japan, New Zealand and Indonesia. Royalties earned from various licensees in other international territories are categorized in Corporate Operations, along with revenues from sourcing services to Company’s licensees.

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

	Three Months Ended July 31,
In thousands	2013			2012
Revenues, net:
Americas	$	267,997		$	286,136
EMEA		163,796			154,076
APAC		63,356			71,623
Corporate operations		615			604
	$	495,764		$	512,439
Gross profit:
Americas	$	114,327		$	126,101
EMEA		97,161			88,136
APAC		32,432			39,258
Corporate operations		855			(7	)
	$	244,775		$	253,488
SG&A expense:
Americas	$	78,752		$	92,781
EMEA		88,845			80,862
APAC		33,881			37,747
Corporate operations		15,101			14,398
	$	216,579		$	225,788
Asset impairments:
Americas	$	1,086		$	141
EMEA		1,066			—
APAC		—			—
Corporate operations		—			—
	$	2,152		$	141
Operating income/(loss):
Americas	$	34,489		$	33,179
EMEA		7,250			7,274
APAC		(1,449	)		1,511
Corporate operations		(14,246	)		(14,405	)
	$	26,044		$	27,559

	Nine Months Ended July 31,
In thousands	2013			2012
Revenues, net:
Americas	$	682,984		$	712,519
EMEA		500,160			518,504
APAC		200,132			220,242
Corporate operations		2,254			3,008
	$	1,385,530		$	1,454,273
Gross profit:
Americas	$	287,882		$	311,738
EMEA		284,011			298,905
APAC		103,343			113,361
Corporate operations		382			(417	)
	$	675,618		$	723,587
SG&A expense:
Americas	$	251,825		$	270,669
EMEA		253,055			250,160
APAC		108,843			114,988
Corporate operations		46,319			44,396
	$	660,042		$	680,213
Asset impairments:
Americas	$	8,029		$	556
EMEA		2,623			—
APAC		—			—
Corporate operations		—			—
	$	10,652		$	556
Operating income (loss):
Americas	$	28,028		$	40,513
EMEA		28,333			48,745
APAC		(5,500	)		(1,627	)
Corporate operations		(45,937	)		(44,813	)
	$	4,924		$	42,818

	July 31,		October 31,
	2013		2012
Identifiable assets:
Americas	$	573,680	$	576,179
EMEA		783,567		718,537
APAC		207,273		224,149
Corporate operations		628,007		199,375
	$	2,192,527	$	1,718,240