XML 72 R16.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Reporting | 6 Months Ended
--- | ---
Jul. 31, 2013
Segment Reporting | 10. Segment Reporting The Company is a global retailer of lifestyle-oriented general merchandise with two reporting segments—“Retail” and “Wholesale.” The Company’s Retail segment consists of the aggregation of its five brands operating through 491 stores under the retail names “Urban Outfitters,” “Anthropologie,” “Free People,” “Terrain” and “BHLDN” and includes their direct-to-consumer channels. Each of the Company’s brands, which include the retail stores and direct-to-consumer channels, are considered an operating segment. Net sales from the Retail segment accounted for approximately 94% of total consolidated net sales for the three and six months ended July 31, 2013 and July 31, 2012, respectively. The remaining net sales are derived from the Company’s Wholesale segment that distributes apparel to its Retail segment and to approximately 1,400 better department and specialty retailers worldwide. The Company has aggregated its brands into a Retail segment based upon their shared management, customer base and economic characteristics. Reporting in this format provides management with the financial information necessary to evaluate the success of the segments and the overall business. The Company evaluates the performance of the segments based on the net sales and pre-tax income from operations (excluding intercompany charges) of the segment. Corporate expenses include expenses incurred and directed by the corporate office that are not allocated to segments. The principal identifiable assets for each reporting segment are inventories and property and equipment. Other assets are comprised primarily of general corporate assets, which principally consist of cash and cash equivalents, marketable securities, deferred taxes and prepaid expenses, which are typically not allocated to the Company’s segments. The Company accounts for intersegment sales and transfers as if the sales and transfers were made to third parties making similar volume purchases. The Company’s omni-channel strategy enhances its customers’ brand experience by providing a seamless approach to the customer shopping experience. The Company seeks to integrate all available shopping channels including stores, websites and catalogs (online and through mobile devices). Store sales are primarily fulfilled from that store’s inventory, but may also be shipped from any of our fulfillment centers or from a different store location if an item is out-of-stock at the original store. Direct-to-consumer orders are primarily shipped to our customers through our fulfillment centers but may also be shipped from any store or a combination of fulfillment center and store depending on the availability of a particular item. These capabilities allow us to better serve customers and helps us to fill orders that otherwise may have been canceled due to out-of-stock positions. The accounting policies of the operating segments are the same as the policies described in Note 2, “Summary of Significant Accounting Policies,” in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2013. Both the Retail and Wholesale segments are highly diversified. No one customer comprises more than 10% of the Company’s total consolidated net sales. A summary of the information about the Company’s operations by segment is as follows:
|  | July 31, 2013 |  |  | January 31, 2013 |  |  | July 31, 2012 |
Inventories |  |  |  |  |  |  |  |  |  |  |  |
Retail operations. |  | $ | 324,007 |  |  | $ | 265,787 |  |  | $ | 303,886 |
Wholesale operations |  |  | 23,057 |  |  |  | 16,624 |  |  |  | 18,937 |
Total inventories |  | $ | 347,064 |  |  | $ | 282,411 |  |  | $ | 322,823 |
Property and equipment, net |  |  |  |  |  |  |  |  |  |  |  |
Retail operations |  | $ | 728,597 |  |  | $ | 730,489 |  |  | $ | 718,911 |
Wholesale operations |  |  | 2,824 |  |  |  | 2,927 |  |  |  | 3,147 |
Total property and equipment, net |  | $ | 731,421 |  |  | $ | 733,416 |  |  | $ | 722,058 |
|  | Three Months Ended July 31, |  |  | Six Months Ended July 31, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail operations. |  | $ | 714,991 |  |  | $ | 639,031 |  |  | $ | 1,326,962 |  |  | $ | 1,176,777 |
Wholesale operations |  |  | 45,877 |  |  |  | 38,699 |  |  |  | 83,666 |  |  |  | 71,278 |
Intersegment elimination |  |  | (2,344 | ) |  |  | (1,461 | ) |  |  | (3,927 | ) |  |  | (2,856 | )
Total net sales |  | $ | 758,524 |  |  | $ | 676,269 |  |  | $ | 1,406,701 |  |  | $ | 1,245,199 |
Income from operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail operations. |  | $ | 116,572 |  |  | $ | 94,150 |  |  | $ | 188,983 |  |  | $ | 147,057 |
Wholesale operations |  |  | 11,612 |  |  |  | 9,753 |  |  |  | 19,945 |  |  |  | 17,747 |
Intersegment elimination |  |  | (212 | ) |  |  | (118 | ) |  |  | (380 | ) |  |  | (264 | )
Total segment operating income |  |  | 127,972 |  |  |  | 103,785 |  |  |  | 208,548 |  |  |  | 164,540 |
General corporate expenses |  |  | (8,655 | ) |  |  | (7,847 | ) |  |  | (16,265 | ) |  |  | (15,687 | )
Total income from operations |  | $ | 119,317 |  |  | $ | 95,938 |  |  | $ | 192,283 |  |  | $ | 148,853 |
The Company has foreign operations in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows:
|  | July 31, 2013 |  |  | January 31, 2013 |  |  | July 31, 2012 |
Property and equipment, net |  |  |  |  |  |  |  |  |  |  |  |
Domestic operations |  | $ | 589,834 |  |  | $ | 586,068 |  |  | $ | 582,859 |
Foreign operations |  |  | 141,587 |  |  |  | 147,348 |  |  |  | 139,199 |
Total property and equipment, net |  | $ | 731,421 |  |  | $ | 733,416 |  |  | $ | 722,058 |
|  | Three Months Ended July 31, |  |  | Six Months Ended July 31, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic operations |  | $ | 661,486 |  |  | $ | 587,221 |  |  | $ | 1,231,053 |  |  | $ | 1,087,829 |
Foreign operations |  |  | 97,038 |  |  |  | 89,048 |  |  |  | 175,648 |  |  |  | 157,370 |
Total net sales |  | $ | 758,524 |  |  | $ | 676,269 |  |  | $ | 1,406,701 |  |  | $ | 1,245,199 |

X
- 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 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration