Segment Information

9 Months Ended

Oct. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. In the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment. The Company’s operating segments are the same as its reportable segments. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before restructuring charges, if any. The Company believes this segment reporting reflects how its five business segments are managed and how each segment’s performance is evaluated by the Company’s chief operating decision maker to assess performance and make resource allocation decisions. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America. The Europe segment includes the Company’s wholesale, retail and e-commerce operations in Europe and the Middle East. The Asia segment includes the Company’s wholesale, retail and e-commerce operations in Asia. The Americas Wholesale segment includes the Company’s wholesale operations in the Americas. 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 (loss) from operations are summarized as follows for the three and nine months ended October 31, 2015 and November 1, 2014 (in thousands):

	Three Months Ended						Nine Months Ended
	Oct 31, 2015			Nov 1, 2014			Oct 31, 2015			Nov 1, 2014
Net revenue:
Americas Retail(1)	$	226,599		$	243,238		$	673,304		$	715,582
Europe	160,696			189,852			497,468			584,270
Asia	59,100			71,271			179,880			205,656
Americas Wholesale(1)	46,819			53,501			116,458			131,061
Licensing	27,750			31,972			78,942			84,377
Total net revenue	$	520,964		$	589,834		$	1,546,052		$	1,720,946
Earnings (loss) from operations:
Americas Retail(1)	$	(2,053	)	$	(10,517	)	$	(4,018	)	$	(23,578	)
Europe	6,150			7,660			20,668			25,541
Asia	2,794			2,126			8,294			7,743
Americas Wholesale(1)	9,583			13,940			21,202			26,860
Licensing	24,842			28,157			70,282			75,787
Corporate Overhead	(20,478		)	(16,501		)	(65,036		)	(59,607		)
Total earnings from operations	$	20,838		$	24,865		$	51,392		$	52,746

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(1) In the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment.

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.