Business Segment Information (Tables)

9 Months Ended

Aug. 28, 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				Nine Months Ended
	August 28, 2022		August 29, 2021		August 28, 2022		August 29, 2021
	(Dollars in thousands)
Net revenues:
Americas	$	805,082	$	782,333	$	2,347,028	$	2,049,889
Europe	390,304		479,114		1,226,798		1,250,717
Asia	220,646		162,178		700,899		586,883
Other Brands	101,118		73,957		305,136		191,666
Total net revenues	$	1,517,150	$	1,497,582	$	4,579,861	$	4,079,155
Operating income:
Americas	$	177,015	$	197,999	$	513,567	$	474,191
Europe	84,407		138,684		287,762		308,657
Asia	19,923		(16,410)		82,616		19,088
Other Brands	2,445		5,029		16,048		8,402
Corporate expenses(1)	(84,662)		(108,992)		(390,467)		(310,450)
Total operating income	199,128		216,310		509,526		499,888
Interest expense	(7,654)		(18,118)		(16,262)		(61,361)
Loss on early extinguishment of debt	—		—		—		(30,338)
Other (expense) income, net	(5,178)		4,847		16,723		5,220
Income before income taxes	$	186,296	$	203,039	$	509,987	$	413,409

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(1)Corporate expenses for the three-month period ended August 28, 2022 include a $7.6 million gain on the early termination of store leases related to the Russia-Ukraine crisis. Russia is considered part of the Company's Europe segment. Corporate expenses for the nine-month period ended August 28, 2022 includes $51.1 million in impairment charges, net of a $7.6 million gain on the termination of store leases related to the Russia-Ukraine crisis which are considered part of the Company's Europe segment. Refer to Note 1 for additional information.