Segment Information

9 Months Ended

Jul. 31, 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, from continuing operations, related to the Company’s operating segments is as follows:

	Three Months Ended July 31,						Nine Months Ended July 31,
In thousands	2014			2013			2014			2013
Revenues, net:
Americas	$	191,357		$	261,191		$	550,949		$	670,129
EMEA	142,553			163,750			472,483			497,501
APAC	61,658			62,769			191,254			199,045
Corporate Operations	87			615			352			2,254
	$	395,655		$	488,325		$	1,215,038		$	1,368,929
Gross profit/(loss):
Americas	$	76,983		$	109,513		$	231,065		$	278,406
EMEA	79,297			97,219			261,661			283,305
APAC	35,025			32,259			105,246			103,018
Corporate Operations	(2,369		)	855			(2,056		)	382
	$	188,936		$	239,846		$	595,916		$	665,111
SG&A expense:
Americas	$	87,311		$	76,920		$	262,673		$	245,984
EMEA	82,803			88,863			247,596			252,600
APAC	33,498			33,838			99,504			108,765
Corporate Operations	9,062			15,101			28,367			46,319
	$	212,674		$	214,722		$	638,140		$	653,668
Asset impairments:
Americas	$	338		$	1,086		$	4,751		$	8,029
EMEA	182,226			1,066			198,657			2,623
APAC	—			—			—			—
Corporate Operations	—			—			—			—
	$	182,564		$	2,152		$	203,408		$	10,652
Operating (loss)/income:
Americas	$	(10,666	)	$	31,507		$	(36,359	)	$	24,393
EMEA	(185,732		)	7,290			(184,592		)	28,082
APAC	1,527			(1,579		)	5,742			(5,747		)
Corporate Operations	(11,431		)	(14,246		)	(30,423		)	(45,937		)
	$	(206,302	)	$	22,972		$	(245,632	)	$	791

In thousands	July 31, 2014		October 31, 2013
Identifiable assets:
Americas	$	522,300	$	581,021
EMEA	535,375		744,936
APAC	200,983		222,542
Corporate Operations	67,148		71,971
	$	1,325,806	$	1,620,470