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Segment Information (Tables)
12 Months Ended
Jan. 30, 2021
Segment Reporting [Abstract]  
Summary of net revenue, earnings (loss) from operations and capital expenditures by segment
Segment information is summarized as follows (in thousands):
Year EndedYear EndedYear Ended
Jan 30, 20211
Feb 1, 20201
Feb 2, 20191
Net revenue:   
Americas Retail$510,806 $811,547 $824,674 
Americas Wholesale117,607 186,389 170,812 
Europe941,546 1,248,114 1,142,768 
Asia2
232,574 346,212 388,246 
Licensing73,996 85,847 83,194 
Total net revenue
$1,876,529 $2,678,109 $2,609,694 
Earnings (loss) from operations:   
Americas Retail$(15,776)$22,279 $27,532 
Americas Wholesale19,912 35,674 29,935 
Europe66,790 134,078 58,298 
Asia2
(20,758)(8,894)12,365 
Licensing67,938 74,459 72,986 
Total segment earnings from operations
118,106 257,596 201,116 
Corporate overhead(100,962)(106,948)(96,805)
European Commission fine3
— — (45,637)
Asset impairment charges4
(80,442)(9,977)(6,939)
Net gains on lease modifications5
2,801 — 477 
Total earnings (loss) from operations$(60,497)$140,671 $52,212 
Capital expenditures:   
Americas Retail$3,052 $19,411 $19,614 
Americas Wholesale53 980 376 
Europe12,631 33,036 56,792 
Asia1,915 6,782 23,458 
Corporate overhead 1,225 1,659 7,877 
Total capital expenditures
$18,876 $61,868 $108,117 
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1The Company operates on a 52-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year.
2Within Asia, the Company recorded a loss from operations in China during fiscal year 2021, which included approximately $12 million for inventory obsolescence, as well as additional reserves for returns and markdowns, primarily due to the COVID-19 pandemic.
3During fiscal 2019, the Company recognized a charge of €39.8 million ($45.6 million) for a fine imposed by the European Commission related to alleged violations of European Union competition rules by the Company. The Company paid the full amount of the fine during the first quarter of fiscal 2020.
4During fiscal 2021, the Company recognized asset impairment charges related primarily to the impairment of certain operating lease ROU assets and impairment of property and equipment related to certain retail stores resulting from lower revenue and future cash flow projections from the ongoing effects of the COVID-19 pandemic. During fiscal 2020 and fiscal 2019, the Company recognized asset impairment charges related primarily to impairment of property and equipment related to certain retail locations resulting from under-performance and expected store closures. Refer to Note 5 and Note 9 for further information.
5During fiscal 2021 and fiscal 2019, the Company recorded net gains on lease modifications related primarily to the early termination of certain lease agreements. Refer to Note 1 for more information regarding the net gains on lease modifications.
Summary of net revenue and long-lived assets by country
The table below presents information regarding geographic areas in which the Company operated. Net revenue is classified primarily based on the country where the Company’s customer is located (in thousands):
Year EndedYear EndedYear Ended
Jan 30, 2021Feb 1, 2020Feb 2, 2019
Net product sales:   
U.S.$461,555 $725,938 $722,794 
Italy182,115 298,124 304,435 
Germany138,762 126,740 98,532 
South Korea120,703 144,955 162,943 
Canada104,432 180,947 187,367 
France97,319 129,505 135,060 
Spain97,032 152,782 145,819 
Other foreign countries600,615 833,271 769,550 
Total product sales
1,802,533 2,592,262 2,526,500 
Net royalties
73,996 85,847 83,194 
Net revenue
$1,876,529 $2,678,109 $2,609,694 
The Company’s long-lived assets by geographic location are as follows:
Jan 30, 2021Feb 1, 2020
Long-lived assets:  
U.S. $312,346 $352,203 
Italy114,021 103,594 
Germany29,112 33,781 
South Korea10,491 8,597 
Canada30,024 43,258 
France31,348 40,869 
Spain125,655 124,810 
Other foreign countries377,819 475,587 
Total long-lived assets
$1,030,816 $1,182,699