Business Segment Information (Tables)

3 Months Ended

Feb. 28, 2021

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Business segment information for the Company is as follows: 

	Three Months Ended
	February 28, 2021(1)		February 23, 2020(1)
	(Dollars in thousands)
Net revenues:
Americas	$	641,272	$	745,580
Europe	429,026		512,943
Asia	235,304		247,603
Total net revenues	$	1,305,602	$	1,506,126
Operating income:
Americas	$	130,697	$	124,039
Europe	111,122		132,436
Asia	29,299		32,668
Regional operating income	271,118		289,143
Corporate expenses	93,995		110,361
Total operating income	177,123		178,782
Interest expense	(23,310)		(16,654)
Other income, net	858		2,700
Income before income taxes	$	154,671	$	164,828

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(1)For the quarter ended February 28, 2021, net revenues were adversely impacted by the COVID-19 pandemic, as approximately 15% of the Company's owned and operated retail stores remained closed at quarter end. For the quarter ended February 23, 2020, the impact of the COVID-19 pandemic was minimal, as temporary store closures were primarily within China. See Note 1 for more information.