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Segment Information
9 Months Ended
Oct. 29, 2016
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. 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 retail, e-commerce and wholesale operations in Europe and the Middle East. The Asia segment includes the Company’s retail, e-commerce and wholesale 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 29, 2016 and October 31, 2015 (in thousands):    
 
Three Months Ended
 
Nine Months Ended
 
Oct 29, 2016
 
Oct 31, 2015
 
Oct 29, 2016
 
Oct 31, 2015
Net revenue:
 

 
 

 
 
 
 
Americas Retail
$
215,862

 
$
226,599

 
$
646,573

 
$
673,304

Europe
187,008

 
160,696

 
535,855

 
497,468

Asia
64,865

 
59,100

 
172,241

 
179,880

Americas Wholesale
44,818

 
46,819

 
107,360

 
116,458

Licensing
23,768

 
27,750

 
68,066

 
78,942

Total net revenue
$
536,321

 
$
520,964

 
$
1,530,095

 
$
1,546,052

Earnings (loss) from operations:
 

 
 

 
 
 
 
Americas Retail
$
(10,614
)
 
$
(2,053
)
 
$
(24,829
)
 
$
(4,018
)
Europe
11,157

 
6,150

 
16,105

 
20,668

Asia
(1,049
)
 
2,794

 
(5,264
)
 
8,294

Americas Wholesale
7,814

 
9,583

 
16,764

 
21,202

Licensing
20,141

 
24,842

 
60,289

 
70,282

Corporate Overhead
(12,326
)
 
(20,478
)
 
(55,260
)
 
(65,036
)
Restructuring Charges

 

 
(6,083
)
 

Total earnings from operations
$
15,123

 
$
20,838

 
$
1,722

 
$
51,392


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 nine months ended October 29, 2016 related to plans to better align the Company’s global cost and organizational structure with its current strategic initiatives. Refer to Note 6 for more information regarding these restructuring charges.