SEGMENT INFORMATION

6 Months Ended

Jun. 29, 2019

The Company reports segment information based on the “management approach”. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable segments.

The Company manages its business primarily on a geographic basis. The Company’s reportable operating segments are comprised of (i) Americas, (ii) Europe and (iii) Asia. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment primarily includes sales to customers based in Canada, Latin America and the United States. The Europe segment primarily includes sales to customers based in European countries, the Middle East and Africa. The Asia segment primarily includes sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. Each reportable operating segment provides similar products and services.

The Company evaluates the performance of its reportable segments based on net sales and operating income (loss). Net sales for geographic segments are based on the location of the selling entity. Operating income (loss) for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Corporate includes peripheral revenue generating activities from factories and intellectual property and general corporate expenses, including certain administrative, legal, accounting, technology support costs, equity compensation costs, payroll costs attributable to executive management, brand management, product development, art, creative/product design, marketing, strategy, compliance and back office supply chain expenses that are not allocated to the various segments because they are managed at the corporate level internally. The Company does not include intercompany transfers between segments for management reporting purposes.

Summary information by operating segment was as follows (in thousands):



	For the 13 Weeks Ended June 29, 2019					For the 13 Weeks Ended June 30, 2018
	Net Sales		Operating Income (Loss)			Net Sales		Operating Income (Loss)
Americas	$	223,107	$	29,540		$	278,891	$	48,786
Europe	147,082		12,463			175,810		16,192
Asia	126,275		26,959			120,910		20,152
Corporate	4,929		(67,281		)	972		(84,117		)
Consolidated	$	501,393	$	1,681		$	576,583	$	1,013



	For the 26 Weeks Ended June 29, 2019					For the 26 Weeks Ended June 30, 2018
	Net Sales		Operating Income (Loss)			Net Sales		Operating Income (Loss)
Americas	$	413,476	$	40,458		$	527,958	$	66,864
Europe	300,360		26,743			377,598		42,202
Asia	243,174		48,000			238,772		33,418
Corporate	9,651		(133,464		)	1,411		(169,752		)
Consolidated	$	966,661	$	(18,263	)	$	1,145,739	$	(27,268	)



	June 29, 2019				December 29, 2018
	Long-Term Assets		Total Assets		Long-Term Assets		Total Assets
Americas	$	185,840	$	483,593	$	61,914	$	393,273
Europe	180,043		383,579		99,253		353,797
Asia	78,853		246,873		29,990		173,666
Corporate	147,918		494,158		125,472		654,462
Total	$	592,654	$	1,608,203	$	316,629	$	1,575,198

The following tables reflect net sales for each class of similar products in the periods presented (in thousands, except percentage data):



	For the 13 Weeks Ended June 29, 2019				For the 13 Weeks Ended June 30, 2018
	Net Sales		Percentage of Total		Net Sales		Percentage of Total
Watches	$	413,285	82.4	%	$	462,990	80.3	%
Leathers	52,630		10.5		67,920		11.8
Jewelry	20,786		4.2		33,104		5.7
Other	14,692		2.9		12,569		2.2
Total	$	501,393	100.0	%	$	576,583	100.0	%



	For the 26 Weeks Ended June 29, 2019				For the 26 Weeks Ended June 30, 2018
	Net Sales		Percentage of Total		Net Sales		Percentage of Total
Watches	$	779,463	80.6	%	$	910,605	79.5	%
Leathers	106,534		11.0		137,179		12.0
Jewelry	51,946		5.4		74,909		6.5
Other	28,718		3.0		23,046		2.0
Total	$	966,661	100.0	%	$	1,145,739	100.0	%