Segment Information

6 Months Ended

Apr. 30, 2014

Segment Reporting [Abstract]

Segment Information

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 are as follows:

	Second Quarter Ended April 30,						Six Months Ended April 30,
In thousands	2014			2013			2014			2013
Revenues, net:
Americas	$	186,427		$	226,302		$	359,592		$	408,938
EMEA	161,977			164,725			329,930			333,751
APAC	59,721			63,581			129,596			136,276
Corporate Operations	90			955			265			1,639
	$	408,215		$	455,563		$	819,383		$	880,604
Gross profit:
Americas	$	78,972		$	90,772		$	154,082		$	168,893
EMEA	86,242			87,861			182,364			186,086
APAC	33,413			31,523			70,221			70,759
Corporate Operations	244			(1,155		)	313			(473		)
	$	198,871		$	209,001		$	406,980		$	425,265
SG&A expense:
Americas	$	91,670		$	83,877		$	175,362		$	169,064
EMEA	80,046			80,837			164,793			163,737
APAC	33,391			37,735			66,006			74,927
Corporate Operations	8,540			14,473			19,305			31,218
	$	213,647		$	216,922		$	425,466		$	438,946
Asset impairments:
Americas	$	4,191		$	5,322		$	4,413		$	6,943
EMEA	15,770			10			16,431			1,557
APAC	—			—			—			—
Corporate Operations	—			—			—			—
	$	19,961		$	5,332		$	20,844		$	8,500
Operating (loss)/income:
Americas	$	(16,889	)	$	1,573		$	(25,693	)	$	(7,114	)
EMEA	(9,574		)	7,014			1,140			20,792
APAC	22			(6,212		)	4,215			(4,168		)
Corporate Operations	(8,296		)	(15,628		)	(18,992		)	(31,691		)
	$	(34,737	)	$	(13,253	)	$	(39,330	)	$	(22,181	)

In thousands	April 30, 2014		October 31, 2013
Identifiable assets:
Americas	$	544,287	$	581,021
EMEA	730,889		744,936
APAC	195,635		222,542
Corporate Operations	70,696		71,971
	$	1,541,507	$	1,620,470