Segment Information (Tables)

9 Months Ended

Oct. 29, 2022

Segment Reporting [Abstract]

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				Nine Months Ended
	Oct 29, 2022		Oct 30, 2021		Oct 29, 2022		Oct 30, 2021
Net revenue:
Americas Retail	$	165,603	$	169,617	$	513,743	$	511,449
Americas Wholesale	53,181		58,999		171,733		154,287
Europe	323,754		330,736		936,470		895,311
Asia	63,118		57,137		168,705		160,610
Licensing	27,747		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 Wholesale	10,229		17,316		39,068		41,815
Europe	36,222		44,509		88,650		100,124
Asia	(5)		(2,399)		(6,792)		(9,054)
Licensing	24,849		24,402		70,499		63,987
Total segment earnings from operations	82,660		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

______________________________________________________________________

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.

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				Nine Months Ended
	Oct 29, 2022		Oct 30, 2021		Oct 29, 2022		Oct 30, 2021
Net revenue:
U.S.	$	146,677	$	165,077	$	474,938	$	502,408
Italy	63,983		62,835		193,044		175,191
Germany	45,582		46,314		130,486		133,196
Canada	43,111		41,447		127,671		102,512
South Korea	38,989		35,383		102,998		89,994
Spain	32,115		34,000		98,902		91,244
Other countries	235,199		231,433		662,612		627,112
Total product sales	605,656		616,489		1,790,651		1,721,657
Net royalties	27,747		26,581		78,915		70,039
Net revenue	$	633,403	$	643,070	$	1,869,566	$	1,791,696