Segment and Geographic Data

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment and Geographic Data

17. Segment and Geographic Data

The Company identifies its operating segments for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer, the Company’s Chief Operating Decision Maker (“CODM”), in deciding how to allocate resources and in assessing performance. The Company discloses the following operating segments: women’s, men’s, home, and international. Since the Company does not track, manage and analyze its assets by segments, no disclosure of segmented assets is reported.  

The reportable operating segments described below represent the Company’s activities for which separate financial information is available and which is utilized on a regular basis by the Company’s CODM to evaluate performance and allocate resources.  In identifying the Company’s operating segments, the Company considers its management structure and the economic characteristics, customers, sales growth potential and long-term profitability of its operating segments.  As such, the Company configured its operations into the following four operating segments:

• Women’s segment – consists of the Company’s women’s brands in the United States.

• Men’s segment – consists of the Company’s men’s brands in the United States.

• Home segment – consists of the Company’s home brands in the United States.

• International segment – consists of the Company’s men’s, women’s and home brands in international markets.

Items not allocated to any segment are allocated to the Corporate level.  Corporate, for segment reporting purposes, includes compensation, benefits and occupancy costs for corporate employees, as well as other corporate-related expenses such as: audit, legal, and information technology used in managing our business.  

The Company’s Chief Executive Officer has been identified as the CODM.  The Company’s measure of segment profitability is licensing revenue and operating income.  The accounting policies of the Company’s operating segments are the same as those described in Note 1 – Summary of Significant Accounting Policies.

The geographic regions consist of the United States and Other (which principally represent Latin America and Europe). Revenues attributable to each region are based on the location in which licensees are located and where they principally do business.  Refer to Note 2 for further details.

Reportable data for the Company’s operating segments were as follows:

	FY 2019			FY 2018
Licensing revenue:
Women’s	$	37,491		$	57,401
Men’s		36,793			39,073
Home		14,753			24,568
International		59,947			66,647
	$	148,984		$	187,689
Operating income (loss):
Women’s	$	(961	)	$	(128,050	)
Men’s		24,878			11,754
Home		(4,932	)		17,221
International		23,487			27,447
Corporate		(73,252	)		(47,409	)
	$	(30,780	)	$	(119,037	)