Segment Information

9 Months Ended

Oct. 29, 2011

Segment Information

Segment Information

(7)           Segment Information

The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes:  Europe, North American Retail, Asia, North American Wholesale and Licensing. Management evaluates segment performance based primarily on revenues and earnings from operations. The Company believes this segment reporting reflects how its five business segments are managed and each segment’s performance is evaluated. The Europe segment includes the Company’s wholesale and retail operations in Europe and the Middle East. The North American Retail segment includes the Company’s retail operations in North America. The Asia segment includes the Company’s wholesale and retail operations in Asia. The North American Wholesale segment includes the Company’s wholesale operations in North America and export sales to Latin and South America. 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. These costs are presented separately and generally include, among other things, the following unallocated corporate costs: information technology, human resources, global advertising and marketing, accounting and finance, executive compensation, facilities and legal.

Net revenue and earnings from operations are summarized as follows for the three and nine months ended October 29, 2011 and October 30, 2010 (in thousands):

	Three Months Ended						Nine Months Ended
	Oct. 29, 2011			Oct. 30, 2010			Oct. 29, 2011			Oct. 30, 2010
Net revenue:
Europe	$	221,041		$	216,161		$	720,068		$	625,460
North American Retail	265,637			253,721			774,147			731,296
Asia	64,782			54,770			180,152			145,529
North American Wholesale	57,317			56,270			146,831			143,268
Licensing	34,026			32,981			91,008			84,826
	$	642,803		$	613,903		$	1,912,206		$	1,730,379
Earnings (loss) from operations:
Europe	$	34,152		$	42,565		$	111,551		$	127,396
North American Retail	27,533			19,326			79,077			70,008
Asia	8,248			8,291			20,205			21,129
North American Wholesale	16,013			16,697			37,649			37,619
Licensing	30,698			30,941			81,188			76,491
Corporate overhead	(19,675		)	(25,105		)	(68,239		)	(72,300		)
	$	96,969		$	92,715		$	261,431		$	260,343

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.