Segment Information (Tables)

6 Months Ended

Jul. 30, 2022

Summary of net revenue and earnings (loss) from operations by segment

Net revenue and earnings (loss) from operations are summarized (in thousands):


	Three Months Ended				Six Months Ended
	Jul 30, 2022		Jul 31, 2021		Jul 30, 2022		Jul 31, 2021
Net revenue:
Americas Retail	$	181,655	$	186,297	$	348,140	$	341,832
Americas Wholesale	50,195		49,858		118,552		95,288
Europe	336,707		322,723		612,716		564,575
Asia	49,365		47,813		105,587		103,473
Licensing	24,768		21,933		51,168		43,458
Total net revenue	$	642,690	$	628,624	$	1,236,163	$	1,148,626
Earnings (loss) from operations:
Americas Retail	$	23,921	$	37,916	$	38,187	$	58,190
Americas Wholesale	11,442		12,944		28,839		24,499
Europe	34,538		51,417		52,428		55,615
Asia	(3,300)		(4,847)		(6,787)		(6,655)
Licensing	21,206		20,154		45,650		39,585
Total segment earnings from operations	87,807		117,584		158,317		171,234
Corporate overhead	(33,349)		(29,115)		(66,541)		(57,891)

Asset impairment charges1	(1,919)		(1,501)		(3,463)		(1,942)
Net gains on lease modifications2	907		420		1,508		2,565

Total earnings from operations	$	53,446	$	87,388	$	89,821	$	113,966

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Notes:

1 During the three and six months ended July 30, 2022, the Company recognized asset impairment charges related primarily to property and equipment of certain retail locations resulting from under-performance and expected store closures. During the three and six months ended July 31, 2021, the Company recognized asset impairment charges related primarily to certain operating lease ROU assets and property and equipment of certain retail stores resulting from lower revenue and future cash flow projections from the ongoing effects of the COVID-19 pandemic and expected store closures. Refer to Note 2 and Note 15 for more information regarding these asset impairment charges.

2 During the three and six months ended July 30, 2022 and July 31, 2021, the Company recorded net gains on lease modifications related primarily to the early termination of certain lease agreements.

Summary of net revenue by country

The 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):


	Three Months Ended				Six Months Ended
	Jul 30, 2022		Jul 31, 2021		Jul 30, 2022		Jul 31, 2021
Net revenue:
U.S.	$	159,134	$	180,265	$	328,261	$	337,331
Italy	72,695		64,803		129,061		112,356
Germany	49,063		52,204		84,904		86,882
Canada	43,982		34,425		84,560		61,065
Spain	36,674		31,737		66,787		57,244
South Korea	28,125		26,802		64,009		54,611
Other countries	228,249		216,455		427,413		395,679
Total product sales	617,922		606,691		1,184,995		1,105,168
Net royalties	24,768		21,933		51,168		43,458
Net revenue	$	642,690	$	628,624	$	1,236,163	$	1,148,626