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Reportable Operating Segments | 12 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
Reportable Operating Segments | Reportable Operating Segments The Company has five reportable operating segments consisting of the strategic business units for the worldwide wholesale operations for each of the UGG brand, Teva brand, Sanuk brand and other brands, as well as DTC. The Company's other brands currently consist of the Hoka and Koolaburra brands, and included the Ahnu® (Ahnu) brand for the years ended March 31, 2017 and 2016, as well as the TSUBO and MOZO brands for the year ended March 31, 2016. The Company evaluates reportable operating segment performance primarily based on net sales and income (loss) from operations. The wholesale operations of each brand are managed separately because each requires different marketing, research and development, design, sourcing, and sales strategies. The income (loss) from operations for each of the reportable operating segments includes only those costs which are specifically related to each reportable operating segment, which consist primarily of cost of sales, research and development, design, sales and marketing, depreciation, amortization, and the costs of employees and their respective expenses that are directly related to each reportable operating segment. The Company does not allocate corporate overhead costs or non-operating income and expenses to reportable operating segments. The unallocated corporate overhead costs include unallocable costs associated with distribution centers, certain executive and stock compensation expenses, accounting, finance and legal costs, information technology costs, human resources costs, and facilities costs, among others. During calendar year 2017, the Company began to leverage elements, including particular styles, of the Ahnu brand under the Teva brand. Effective April 1, 2017, operations for the Ahnu brand were discontinued and certain remaining styles are sold under the Teva brand. Results for the former Ahnu brand are now reported in the Teva brand wholesale reportable operating segment instead of the other brands wholesale reportable operating segment, as presented in the prior period. During the first quarter of fiscal year 2016, the Company changed its reportable operating segments to combine the previously-separated E-Commerce and retail store operating components into one DTC reportable operating segment. Reportable operating segment information with a reconciliation to the consolidated statements of comprehensive income (loss) is summarized as follows:
| Years Ended March 31,
| 2018 |  | 2017 |  | 2016
Net sales to external customers: |  |  |  |  |
UGG brand wholesale | $ | 841,893 |  |  | $ | 826,355 |  |  | $ | 918,102 |
Teva brand wholesale | 117,478 |  |  | 103,694 |  |  | 121,239 |
Sanuk brand wholesale | 78,283 |  |  | 77,552 |  |  | 90,719 |
Other brands wholesale | 149,961 |  |  | 116,206 |  |  | 100,820 |
Direct-to-Consumer | 715,724 |  |  | 666,340 |  |  | 644,317 |
| $ | 1,903,339 |  |  | $ | 1,790,147 |  |  | $ | 1,875,197 |
Income (loss) from operations: |  |  |  |  |
UGG brand wholesale | $ | 247,826 |  |  | $ | 213,407 |  |  | $ | 246,990 |
Teva brand wholesale | 20,400 |  |  | 10,045 |  |  | 17,692 |
Sanuk brand wholesale | 14,474 |  |  | (110,582 | ) |  | 15,565 |
Other brands wholesale | 22,258 |  |  | 1,571 |  |  | (4,384 | )
Direct-to-Consumer | 156,896 |  |  | 109,802 |  |  | 101,756 |
Unallocated overhead costs | (239,270 | ) |  | (226,162 | ) |  | (215,492 | )
| $ | 222,584 |  |  | $ | (1,919 | ) |  | $ | 162,127 |
| Years Ended March 31,
| 2018 |  | 2017 |  | 2016
Depreciation, amortization and accretion: |  |  |  |  |
UGG brand wholesale | $ | 3,193 |  |  | $ | 3,167 |  |  | $ | 2,254 |
Teva brand wholesale | 12 |  |  | 24 |  |  | 54 |
Sanuk brand wholesale | 4,174 |  |  | 5,018 |  |  | 6,556 |
Other brands wholesale | 865 |  |  | 971 |  |  | 1,101 |
Direct-to-Consumer | 13,396 |  |  | 15,669 |  |  | 19,030 |
Unallocated overhead costs | 26,932 |  |  | 27,779 |  |  | 21,029 |
| $ | 48,572 |  |  | $ | 52,628 |  |  | $ | 50,024 |
Capital expenditures: |  |  |  |  |
UGG brand wholesale | $ | 58 |  |  | $ | 3,444 |  |  | $ | 1,458 |
Teva brand wholesale | — |  |  | — |  |  | — |
Sanuk brand wholesale | 20 |  |  | — |  |  | 881 |
Other brands wholesale | — |  |  | 191 |  |  | 51 |
Direct-to-Consumer | 8,641 |  |  | 15,277 |  |  | 18,445 |
Unallocated overhead costs | 26,094 |  |  | 25,587 |  |  | 45,351 |
| $ | 34,813 |  |  | $ | 44,499 |  |  | $ | 66,186 |
Inter-segment sales from the Company’s wholesale reportable operating segments to the DTC reportable operating segment are at the Company’s cost, and there is no inter-segment profit on these inter-segment sales, nor are they reflected in income (loss) from operations of the wholesale reportable operating segments. Assets allocable to each reportable operating segment are as follows:
|  | As of March 31,
|  | 2018 |  | 2017
Total assets from reportable operating segments: |  |  |  |
UGG brand wholesale |  | $ | 229,894 |  |  | $ | 259,444 |
Teva brand wholesale |  | 85,980 |  |  | 82,505 |
Sanuk brand wholesale |  | 79,322 |  |  | 80,102 |
Other brands wholesale |  | 74,809 |  |  | 70,607 |
Direct-to-Consumer |  | 112,355 |  |  | 113,400 |
|  | $ | 582,360 |  |  | $ | 606,058 |
The assets allocable to each reportable operating segment include accounts receivable, inventory, fixed assets, goodwill, other intangible assets, and certain other assets that are specifically identifiable with one of the Company's reportable operating segments. Unallocated assets are the assets not directly related to a specific reportable operating segment and generally include cash and cash equivalents, deferred tax assets, and various other corporate assets shared by the Company's reportable operating segments. Total assets allocable to each reportable operating segment reconciled to the consolidated balance sheets are as follows:
|  | As of March 31,
|  | 2018 |  | 2017
Total assets from reportable operating segments |  | $ | 582,360 |  |  | $ | 606,058 |
Unallocated cash and cash equivalents |  | 429,970 |  |  | 291,764 |
Unallocated deferred tax assets |  | 38,381 |  |  | 44,708 |
Unallocated other corporate assets |  | 213,668 |  |  | 249,250 |
Total assets |  | $ | 1,264,379 |  |  | $ | 1,191,780 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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