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Segment Information
9 Months Ended
Oct. 29, 2022
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, Americas Wholesale, Europe, Asia and Licensing. The Company’s Americas Retail, Americas Wholesale, Europe and Licensing reportable segments are the same as their respective operating segments. Certain components of the Company’s Asia operating segment are separate operating segments based on region, which have been aggregated into the Asia reportable segment for disclosure purposes.
Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before corporate performance-based compensation costs, asset impairment charges, net gains (losses) on lease modifications, restructuring charges and certain non-recurring credits (charges), if any. The Company believes this segment reporting reflects how its 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.
Net revenue and earnings (loss) from operations are summarized (in thousands):
 Three Months EndedNine Months Ended
 Oct 29, 2022Oct 30, 2021Oct 29, 2022Oct 30, 2021
Net revenue:  
Americas Retail$165,603 $169,617 $513,743 $511,449 
Americas Wholesale53,181 58,999 171,733 154,287 
Europe323,754 330,736 936,470 895,311 
Asia63,118 57,137 168,705 160,610 
Licensing27,747 26,581 78,915 70,039 
Total net revenue$633,403 $643,070 $1,869,566 $1,791,696 
Earnings (loss) from operations:  
Americas Retail$11,365 $24,070 $49,552 $82,260 
Americas Wholesale10,229 17,316 39,068 41,815 
Europe36,222 44,509 88,650 100,124 
Asia(5)(2,399)(6,792)(9,054)
Licensing24,849 24,402 70,499 63,987 
Total segment earnings from operations82,660 107,898 240,977 279,132 
Corporate overhead(26,216)(38,069)(92,757)(95,960)
Asset impairment charges1
(1,789)(1,152)(5,252)(3,094)
Net gains (losses) on lease modifications2
146 (3,006)1,654 (441)
Total earnings from operations$54,801 $65,671 $144,622 $179,637 
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Notes:
1    During the three and nine months ended October 29, 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 nine months ended October 30, 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 nine months ended October 29, 2022 and October 30, 2021, the Company recorded net gains (losses) on lease modifications related primarily to the early termination of certain lease agreements.
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 EndedNine Months Ended
 Oct 29, 2022Oct 30, 2021Oct 29, 2022Oct 30, 2021
Net revenue:  
U.S.$146,677 $165,077 $474,938 $502,408 
Italy63,983 62,835 193,044 175,191 
Germany45,582 46,314 130,486 133,196 
Canada43,111 41,447 127,671 102,512 
South Korea38,989 35,383 102,998 89,994 
Spain32,115 34,000 98,902 91,244 
Other countries235,199 231,433 662,612 627,112 
Total product sales605,656 616,489 1,790,651 1,721,657 
Net royalties27,747 26,581 78,915 70,039 
Net revenue$633,403 $643,070 $1,869,566 $1,791,696 
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.