Segment Information

3 Months Ended

Jan. 31, 2014

Segment Reporting [Abstract]

Segment Information

3. 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 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 Asia and the Pacific Rim, includes revenues primarily from Australia, Japan, New Zealand, South Korea, Taiwan and Indonesia. Costs that support all 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.

Information related to the Company’s operating segments for the first quarter of fiscal 2014 and 2013 is as follows:

	First Quarter Ended January 31,
In thousands	2014			2013
Revenues, net:
Americas	$	173,165		$	182,636
EMEA		149,397			156,174
APAC		69,875			72,695
Corporate Operations		175			684
	$	392,612		$	412,189
Gross profit:
Americas	$	75,110		$	78,121
EMEA		87,849			91,734
APAC		36,808			39,236
Corporate Operations		69			682
	$	199,836		$	209,773
SG&A expense:
Americas	$	83,692		$	85,187
EMEA		76,712			77,215
APAC		32,615			37,192
Corporate Operations		10,765			16,745
	$	203,784		$	216,339
Asset impairments:
Americas	$	222		$	1,621
EMEA		661			1,547
APAC		—			—
Corporate Operations		—			—
	$	883		$	3,168
Operating (loss)/income:
Americas	$	(8,804	)	$	(8,687	)
EMEA		10,476			12,972
APAC		4,193			2,044
Corporate Operations		(10,696	)		(16,063	)
	$	(4,831	)	$	(9,734	)
	January 31, 2014			October 31, 2013
Identifiable assets:
Americas	$	581,417		$	581,021
EMEA		747,013			744,936
APAC		202,359			222,542
Corporate Operations		70,366			71,971
	$	1,601,155		$	1,620,470