NOTE L — SEGMENTS

The Company’s reportable segments are business units that offer products through different channels of distribution. The Company has two reportable segments: wholesale operations and retail operations. The wholesale operations segment includes sales of products under the Company’s owned, licensed and private label brands, as well as sales related to the Vilebrequin business. Wholesale revenues also include revenues from license agreements related to trademarks owned by the Donna Karan, DKNY, G.H. Bass, Andrew Marc and Vilebrequin businesses. The retail operations segment consists primarily of the Wilsons Leather, G.H. Bass and DKNY stores, as well as a limited number of Calvin Klein Performance and Karl Lagerfeld Paris stores. Sales through the Company’s owned websites, with the exception of Vilebrequin, are also included in the retail operations segment.

The following segment information, in thousands, is presented for the fiscal years ended:


	January 31, 2019
	Wholesale		Retail		Elimination (1)		Total
Net sales	$	2,716,958	$	476,764	$	(117,514)	$	3,076,208
Cost of goods sold		1,837,335		249,278		(117,514)		1,969,099
Gross Profit		879,623		227,486		—		1,107,109
Selling, general and administrative expenses		570,290		264,473		—		834,763
Depreciation and amortization		29,644		9,175		—		38,819
Asset impairments		—		2,813		—		2,813
Operating profit (loss)	$	279,689	$	(48,975)	$	—	$	230,714


	January 31, 2018
	Wholesale		Retail		Elimination (1)		Total
Net sales	$	2,454,008	$	502,494	$	(149,564)	$	2,806,938
Cost of goods sold		1,650,084		251,679		(149,564)		1,752,199
Gross Profit		803,924		250,815		—		1,054,739
Selling, general and administrative expenses		571,164		284,083		—		855,247
Depreciation and amortization		27,679		10,104		—		37,783
Asset impairments		2,310		5,574		—		7,884
Operating profit (loss)	$	202,771	$	(48,946)	$	—	$	153,825


	January 31, 2017
	Wholesale		Retail		Elimination (1)		Total
Net sales (2)	$	2,021,736	$	474,217	$	(109,518)	$	2,386,435
Cost of goods sold		1,387,274		267,351		(109,518)		1,545,107
Gross Profit		634,462		206,866		—		841,328
Selling, general and administrative expenses		457,786		246,650		—		704,436
Depreciation and amortization		21,483		10,998		—		32,481
Asset impairments		—		10,480		—		10,480
Operating profit (loss)	$	155,193	$	(61,262)	$	—	$	93,931

⁽¹⁾

Represents intersegment sales to the Company’s retail operations segment.

⁽²⁾

Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.

The Company allocates overhead to its business segments on various bases, which include units shipped, space utilization, inventory levels, and relative sales levels, among other factors. The method of allocation has been applied consistently on a year-to-year basis.

The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows:


	January 31,		January 31,
	2019		2018
	(In thousands)
Wholesale	$	1,834,610	$	1,554,191
Retail		190,996		215,568
Corporate		182,452		145,418
Total Assets	$	2,208,058	$	1,915,177

The total net sales and long-lived assets by geographic region are as follows:


	2019				2018				2017
			Long-Lived				Long-Lived				Long-Lived
Geographic Region	Net Sales		Assets		Net Sales		Assets		Net Sales		Assets
United States	$	2,656,479	$	762,444	$	2,466,107	$	770,128	$	2,180,409	$	790,341
Non-United States		419,729		191,719		340,831		185,448		206,026		178,665
	$	3,076,208	$	954,163	$	2,806,938	$	955,576	$	2,386,435	$	969,006

Capital expenditures for locations outside of the United States totaled $4.3 million, $3.7 million and $4.6 million for the years ended January 31, 2019, 2018 and 2017, respectively.