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Business Segment Information (Tables)
 6 Months Ended
May 24, 2020
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Business segment information for the Company is as follows: 
 
Three Months Ended
 
Six Months Ended
 
May 24,
   2020(1)
 
May 26,
2019
 
May 24,
2020
 
May 26,
2019
 
(Dollars in thousands)
Net revenues:
 
 
 
 
 
 
 
Americas
$
282,728

 
$
692,698

 
$
1,028,308

 
$
1,409,962

Europe
129,023

 
398,369

 
641,966

 
863,045

Asia
85,791

 
221,873

 
333,394

 
474,391

Total net revenues
$
497,542

 
$
1,312,940

 
$
2,003,668

 
$
2,747,398

Operating income (loss):
 
 
 
 
 
 
 
Americas
$
(37,748
)
 
$
101,631

 
$
86,291

 
$
225,287

Europe
(67,757
)
 
58,709

 
64,679

 
180,333

Asia
(28,499
)
 
17,063

 
4,169

 
60,028

Regional operating income (loss)
(134,004
)
 
177,403

 
155,139

 
465,648

Corporate:
 
 
 
 
 
 
 
Restructuring
67,371

 
—

 
67,371

 
—

Other corporate staff costs and expenses(2)
246,869

 
114,505

 
357,230

 
201,838

Corporate expenses
314,240

 
114,505

 
424,601

 
201,838

Total operating income (loss)
(448,244
)
 
62,898

 
(269,462
)
 
263,810

Interest expense
(11,246
)
 
(15,126
)
 
(27,900
)
 
(32,670
)
Underwriter commission paid on behalf of selling stockholders
—

 
(24,860
)
 
—

 
(24,860
)
Other income, net
1,305

 
3,166

 
4,005

 
1,520

Income (loss) before income taxes
$
(458,185
)
 
$
26,078

 
$
(293,357
)
 
$
207,800


_____________
(1)
The COVID-19 pandemic has materially impacted the Company's business operations and results of operations for the three-month and six-month periods ended May 24, 2020. Refer to Note 1 for more information.
(2)
Corporate staff costs and expenses for the three-month and six-month periods ended May 24, 2020 includes incremental COVID-19 related charges that management does not attribute to any of the regional segments in order to provide increased transparency and comparability of regional performance. The Company recognized $49.9 million of incremental inventory reserves, of which $28.8 million, $13.5 million and $7.6 million were related to the Americas, Europe and Asia regional segments, respectively. Incremental allowance for doubtful accounts of $15.1 million was recognized, of which $6.3 million, $8.5 million and $0.3 million, were related to the Americas, Europe and Asia regional segments, respectively. Additionally, we recognized $54.1 million in impairment of long-lived assets related to certain retail locations, of which $48.6 million, $3.7 million and $1.8 million, were related to the Americas, Europe and Asia regional segments, respectively. Refer to Note 1 for additional information.