NET REVENUES

Disaggregated Revenue

The table below provides the Company's revenues disaggregated by segment and channel.



	Three Months Ended May 24, 2020 ⁽¹⁾
	Americas		Europe		Asia		Total
	(Dollars in thousands)
Net revenues by channel:
Wholesale	$	206,440	$	70,186	$	24,100	$	300,726
Direct-to-consumer	76,288		58,837		61,691		196,816
Total net revenues	$	282,728	$	129,023	$	85,791	$	497,542



	Six Months Ended May 24, 2020 ⁽¹⁾
	Americas		Europe		Asia		Total
	(Dollars in thousands)
Net revenues by channel:
Wholesale	$	667,306	$	347,141	$	162,603	$	1,177,050
Direct-to-consumer	361,002		294,825		170,791		826,618
Total net revenues	$	1,028,308	$	641,966	$	333,394	$	2,003,668

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(1)	Net revenues were adversely impacted by the COVID-19 pandemic, including as a result of temporary store closures and reduced traffic and consumer spending trends. The Company’s wholesale customers also experienced significant business disruptions as a result of the pandemic, resulting in a significant decrease in the Company’s revenue from both channels. See Note 1 for more information.



	Three Months Ended May 26, 2019
	Americas		Europe		Asia		Total
	(Dollars in thousands)
Net revenues by channel:
Wholesale	$	487,958	$	207,980	$	115,736	$	811,674
Direct-to-consumer	204,740		190,389		106,137		501,266
Total net revenues	$	692,698	$	398,369	$	221,873	$	1,312,940



	Six Months Ended May 26, 2019
	Americas		Europe		Asia		Total
	(Dollars in thousands)
Net revenues by channel:
Wholesale	$	971,759	$	460,913	$	248,311	$	1,680,983
Direct-to-consumer	438,203		402,132		226,080		1,066,415
Total net revenues	$	1,409,962	$	863,045	$	474,391	$	2,747,398

The Company did not have any material contract assets or contract liabilities recorded in the consolidated balance sheets as of May 24, 2020 and November 24, 2019.