XML 45 R21.htm IDEA: XBRL DOCUMENT v2.3.0.15
SEGMENT INFORMATION
9 Months Ended
Oct. 01, 2011
Segment Reporting [Abstract] 
SEGMENT INFORMATION

SEGMENT INFORMATION

        We identify operating segments based on, among other things, differences in products sold and the way our management organizes the components of our business for purposes of allocating resources and assessing performance. With the addition of Kurt Geiger on June 2, 2011, we have redefined our reportable operating segments to better reflect our expanding international operations. Our operations are now comprised of six reportable segments: domestic wholesale sportswear, domestic wholesale jeanswear, domestic wholesale footwear and accessories, domestic retail, international wholesale and international retail. Segment revenues are generated from the sale of apparel, footwear and accessories through wholesale channels and our own retail locations. The wholesale segments include wholesale operations with third party department and other retail stores, the retail segments include operations by our own stores, concession locations and e-commerce web sites, and income and expenses related to trademarks, licenses and general corporate functions are reported under "licensing, other and eliminations."

        We define segment income as operating income before net interest expense, goodwill impairment charges, gains or losses on sales of subsidiaries, equity in earnings of unconsolidated affiliates and income taxes. Sales and transfers between segments generally are recorded at cost and treated as transfers of inventory, which are not reviewed when evaluating segment performance. The wholesale segments allocate to the retail segments a portion of their SG&A costs related to the inventory transferred to those divisions where the retail operations benefit from those costs.

        Summarized below are our revenues, income and total assets by reportable segment for the fiscal quarter and nine months ended October 1, 2011 and restated revenues, income and total assets by reportable segment for the fiscal quarter and nine months ended October 2, 2010. We are an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, we do not represent that these segments, if operated independently, would report the operating profit and other financial information shown below.

(In millions)   Domestic Wholesale Sportswear     Domestic Wholesale Jeanswear     Domestic Wholesale Footwear & Accessories     Domestic Retail     International Wholesale     International Retail     Licensing, Other & Eliminations     Consolidated  
For the fiscal quarter ended October 1, 2011                                
Revenues $ 243.9   $ 187.1   $ 264.3   $ 150.1   $ 99.6   $ 85.3   $ 12.7   $ 1,043.0  
  Segment income (loss) $ 28.2   $ 8.9   $ 27.8   $ (16.2 ) $ 11.7   $ 0.6   $ (0.6 )   60.4  
  Net interest expense                                             (0.7 )
  Equity in income of unconsolidated affiliate                                             0.5  
  Income before provision for income taxes                                           $ 60.2  
For the fiscal quarter ended October 2, 2010                                
Revenues $ 273.2   $ 229.9   $ 251.3   $ 159.6   $ 83.6   $ 12.5   $ 12.0   $ 1,022.1  
  Segment income (loss) $ 25.6   $ 21.1   $ 22.5   $ (20.9 ) $ 11.1   $ 2.4   $ (1.7 )   60.1  
  Net interest expense                                             (14.2 )
  Equity in income of unconsolidated affiliate                                             0.5  
  Income before provision for income taxes                                           $ 46.4  
For the fiscal nine months ended October 1, 2011                                
  Revenues $ 715.6   $ 611.7   $ 673.3   $ 451.8   $ 255.3   $ 148.9   $ 35.1   $ 2,891.7  
  Segment income (loss) $ 81.2   $ 48.8   $ 43.6   $ (34.2 )  $ 30.4   $ 2.5   $ (5.9 )   166.4  
  Net interest expense                                             (58.8 )
  Equity in income of unconsolidated affiliate                                             2.6  
  Income before provision for income taxes                                           $ 110.2  
For the fiscal nine months ended October 2, 2010                                
Revenues $ 764.8   $ 640.7   $ 642.4   $ 458.9   $ 196.2   $ 32.6   $ 33.3   $ 2,768.9  
  Segment income (loss) $ 90.7   $ 70.6   $ 56.5   $ (40.7 ) $ 20.4   $ 4.7   $ (10.5 )   191.7  
  Net interest expense                                             (40.5 )
  Equity in loss of unconsolidated affiliate                                             (1.3 )
  Income before provision for income taxes                                           $ 149.9  
Total Assets                                
October 1, 2011 $ 1,108.0   $ 642.4   $ 968.1   $ 270.7   $ 196.5   $ 427.1   $ (816.6 ) $ 2,796.2  
  October 2, 2010   828.7     706.3     1,093.2     228.4     108.6     14.4     (544.0 )   2,435.6