Segment Information

9 Months Ended

Nov. 02, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: North American Retail, Europe, Asia, North American Wholesale and Licensing.Management evaluates segment performance based primarily on revenues and earnings from operations before restructuring charges, if any. The Company believes this segment reporting reflects how its five business segments are managed and each segment's performance is evaluated. The North American Retail segment includes the Company’s retail operations in North America. The Europe segment includes the Company’s wholesale and retail operations in Europe and the Middle East. The Asia segment includes the Company’s wholesale and retail operations in Asia. The North American Wholesale segment includes the Company’s wholesale operations in North America and export sales to Central and South America. The Licensing segment includes the worldwide licensing operations of the Company. The business segment operating results exclude corporate overhead costs, which consist of shared costs of the organization, and restructuring charges. These costs are presented separately and generally include, among other things, the following unallocated corporate costs: accounting and finance, executive compensation, facilities, global advertising and marketing, human resources, information technology and legal.

Net revenue and earnings from operations are summarized as follows for the three and nine months ended November 2, 2013 and October 27, 2012 (in thousands):

	Three Months Ended						Nine Months Ended
	Nov 2, 2013			Oct 27, 2012			Nov 2, 2013			Oct 27, 2012
Net revenue:
North American Retail	$	253,820		$	262,064		$	746,444		$	766,874
Europe	200,943			202,594			616,707			639,326
Asia	72,727			74,838			209,711			206,499
North American Wholesale	53,591			57,878			138,777			143,424
Licensing	32,416			31,454			89,784			87,364
Total net revenue	$	613,497		$	628,828		$	1,801,423		$	1,843,487
Earnings (loss) from operations:
North American Retail	$	6,206		$	8,952		$	12,363		$	42,703
Europe	13,538			14,572			47,595			51,675
Asia	5,894			7,799			17,897			17,693
North American Wholesale	12,102			14,888			29,229			31,935
Licensing	29,171			27,103			80,476			74,558
Corporate Overhead	(17,063		)	(15,197		)	(57,141		)	(64,005		)
Restructuring Charges	(1,889		)	—			(10,355		)	—
Total earnings from operations	$	47,959		$	58,117		$	120,064		$	154,559

Due to the seasonal nature of the Company’s business segments, the above net revenue and operating results are not necessarily indicative of the results that may be expected for the full fiscal year. Restructuring charges incurred during the three and nine months ended November 2, 2013 related to plans to streamline and consolidate the Company's operations and reduce expenses in Europe, North America and Asia. Refer to Note 6 for more information regarding these restructuring charges.