Business Segment Information (Tables)

6 Months Ended

May 29, 2022

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 29, 2022		May 30, 2021		May 29, 2022		May 30, 2021
	(Dollars in thousands)
Net revenues:
Americas	$	776,094	$	661,435	$	1,541,946	$	1,267,556
Europe	367,137		354,886		836,494		771,603
Asia	221,848		191,789		480,253		424,705
Other Brands	106,070		67,861		204,018		117,709
Total net revenues	$	1,471,149	$	1,275,971	$	3,062,711	$	2,581,573
Operating income:
Americas	$	158,713	$	147,542	$	336,552	$	276,192
Europe	66,562		59,387		203,355		169,974
Asia	19,110		6,254		62,693		35,498
Other Brands	4,022		2,430		13,603		3,373
Corporate expenses(1)	(172,241)		(109,158)		(305,805)		(201,459)
Total operating income	76,166		106,455		310,398		283,578
Interest expense	(4,360)		(19,933)		(8,608)		(43,243)
Loss on early extinguishment of debt	—		(30,108)		—		(30,338)
Other income, net	6,004		(715)		21,901		373
Income before income taxes	$	77,810	$	55,699	$	323,691	$	210,370

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(1)Corporate staff costs and expenses for the three-month and six-month periods ended May 29, 2022 include $51.1 million in impairment charges as a result of the Russia-Ukraine crisis related to our Europe segment. Refer to Note 1 for additional information.