Segment Information

6 Months Ended

Apr. 30, 2015

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 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 certain gross profits earned from the Company’s licensees.

Information related to the Company's operating segments, all from continuing operations, is as follows:

	Three Months Ended April 30,						Six Months Ended April 30,
In thousands	2015			2014			2015			2014
Revenues, net:
Americas	$	159,987		$	186,247		$	307,754		$	361,710
EMEA	115,792			150,883			241,605			300,280
APAC	56,276			59,721			122,874			129,596
Corporate Operations	997			90			1,673			265
Total	$	333,052		$	396,941		$	673,906		$	791,851
Gross profit/(loss):
Americas	$	67,196		$	78,909		$	131,505		$	154,823
EMEA	59,904			81,724			130,404			169,573
APAC	29,894			33,413			66,744			70,221
Corporate Operations	(196		)	244			(2,411		)	313
Total	$	156,798		$	194,290		$	326,242		$	394,930
SG&A expense:
Americas	$	78,509		$	96,701		$	148,533		$	186,262
EMEA	61,426			75,715			127,555			153,923
APAC	32,299			34,089			67,104			67,452
Corporate Operations	2,945			1,416			2,491			4,068
Total	$	175,179		$	207,921		$	345,683		$	411,705
Asset impairments:
Americas	$	466		$	4,191		$	542		$	4,413
EMEA	237			392			416			1,053
APAC	—			—			—			—
Corporate Operations	—			—			—			—
Total	$	703		$	4,583		$	958		$	5,466
Operating (loss)/income:
Americas	$	(11,779	)	$	(21,983	)	$	(17,570	)	$	(35,852	)
EMEA	(1,759		)	5,617			2,433			14,597
APAC	(2,405		)	(676		)	(360		)	2,769
Corporate Operations	(3,141		)	(1,172		)	(4,902		)	(3,755		)
Total	$	(19,084	)	$	(18,214	)	$	(20,399	)	$	(22,241	)
Depreciation and amortization expense:
Americas	$	3,827		$	6,017		$	7,935		$	10,533
EMEA	3,116			5,474			6,932			8,761
APAC	1,748			1,925			3,489			3,813
Corporate Operations	739			605			1,501			1,259
Total	$	9,430		$	14,021		$	19,857		$	24,366
Interest expense:
Americas	$	943		$	327		$	1,673		$	1,229
EMEA	3,827			4,708			8,055			9,519
APAC	458			541			984			1,128
Corporate Operations	12,812			13,646			25,730			26,766
Total	$	18,040		$	19,222		$	36,442		$	38,642

SG&A expense by segment for the three and six months ended 2014 has been reclassified to conform to the current year presentation which reflects the Company's centralization of certain global business functions and related transfer pricing allocations.

In thousands	April 30, 2015		October 31, 2014
Identifiable assets:
Americas	$	438,138	$	464,831
EMEA	438,696		513,303
APAC	197,437		202,225
Corporate Operations	64,321		75,623
Total	$	1,138,592	$	1,255,982