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Operating Segments and Geographic Information | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Operating Segments and Geographic Information | OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION The Company has three reportable operating segments based on the geographic nature of its operations: Americas, Asia Pacific, and Europe. In addition, the ‘Other businesses’ category aggregates insignificant operating segments that do not meet the reportable segment threshold, including manufacturing operations located in Mexico and Italy, and corporate operations. Each of the reportable operating segments derives its revenues from the sale of footwear and accessories to external customers. Revenues for ‘Other businesses’ include non-footwear product sales to external customers that are excluded from the measurement of segment operating revenues and income. Segment performance is evaluated based on segment results without allocating corporate expenses, or indirect general, administrative, and other expenses. Segment profits or losses include adjustments to eliminate inter-segment sales. Reconciling items between segment income from operations and income from operations consist of other businesses and unallocated corporate and other expenses, as well as inter-segment eliminations. The following tables set forth information related to reportable operating segments:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (in thousands)
Revenues: |  |  |  |  |  |  |
Americas | $ | 137,762 |  |  | $ | 136,154 |  |  | $ | 261,592 |  |  | $ | 253,877 |
Asia Pacific | 128,400 |  |  | 124,644 |  |  | 225,562 |  |  | 222,989 |
Europe | 61,547 |  |  | 52,320 |  |  | 123,390 |  |  | 103,971 |
Total segment revenues | 327,709 |  |  | 313,118 |  |  | 610,544 |  |  | 580,837 |
Other businesses | 295 |  |  | 103 |  |  | 608 |  |  | 291 |
Total consolidated revenues | $ | 328,004 |  |  | $ | 313,221 |  |  | $ | 611,152 |  |  | $ | 581,128 |
Income from operations: (1) |  |  |  |  |  |  |
Americas | $ | 39,689 |  |  | $ | 34,426 |  |  | $ | 68,228 |  |  | $ | 56,733 |
Asia Pacific | 36,387 |  |  | 36,743 |  |  | 62,971 |  |  | 63,496 |
Europe | 18,701 |  |  | 11,296 |  |  | 36,564 |  |  | 23,582 |
Total segment income from operations | 94,777 |  |  | 82,465 |  |  | 167,763 |  |  | 143,811 |
Reconciliation of total segment income from operations to income before income taxes: |  |  |  |  |  |  |  |  |
Other businesses (2) | (16,531 | ) |  | (5,035 | ) |  | (27,465 | ) |  | (10,650 | )
Unallocated corporate and other (1) | (41,182 | ) |  | (47,984 | ) |  | (77,312 | ) |  | (88,133 | )
Income from operations | 37,064 |  |  | 29,446 |  |  | 62,986 |  |  | 45,028 |
Foreign currency gains, net | 283 |  |  | 162 |  |  | 1,354 |  |  | 438 |
Interest income | 146 |  |  | 157 |  |  | 425 |  |  | 307 |
Interest expense | (132 | ) |  | (188 | ) |  | (245 | ) |  | (372 | )
Other income | 16 |  |  | 9 |  |  | 69 |  |  | 133 |
Income before income taxes | $ | 37,377 |  |  | $ | 29,586 |  |  | $ | 64,589 |  |  | $ | 45,534 |
Depreciation and amortization: |  |  |  |  |  |  |
Americas | $ | 1,211 |  |  | $ | 1,347 |  |  | $ | 2,515 |  |  | $ | 2,692 |
Asia Pacific | 537 |  |  | 920 |  |  | 1,233 |  |  | 1,847 |
Europe | 327 |  |  | 379 |  |  | 679 |  |  | 764 |
Total segment depreciation and amortization | 2,075 |  |  | 2,646 |  |  | 4,427 |  |  | 5,303 |
Other businesses | 1,431 |  |  | 1,741 |  |  | 2,955 |  |  | 3,488 |
Unallocated corporate and other | 3,725 |  |  | 3,982 |  |  | 7,492 |  |  | 8,024 |
Total consolidated depreciation and amortization | $ | 7,231 |  |  | $ | 8,369 |  |  | $ | 14,874 |  |  | $ | 16,815 |
(1) In 2018, certain global marketing expenses previously reported within the operating segments are managed and reported within ‘Unallocated corporate and other’. The previously reported amounts for income from operations for the second quarter and first six months ended June 30, 2017 have been revised to conform to the current year presentation. For the second quarter of 2017, adjustments for this revision had the following impacts (in thousands): income from operations for the ‘Americas’ segment increased by $9,221; income from operations for the ‘Asia Pacific’ segment increased by $3,438; income from operations for the ‘Europe’ segment increased by $1,265; costs within ‘Unallocated corporate and other’ increased by $13,924. For the first six months of 2017, adjustments for this revision had the following impacts (in thousands): income from operations for the ‘Americas’ segment increased by $9,526; income from operations for the ‘Asia Pacific’ segment increased by $3,466; income from operations for the ‘Europe’ segment increased by $1,277; costs within ‘Unallocated corporate and other’ increased by $14,269. (2) ‘Other businesses’ expense increases are due primarily to supply chain reorganization activities in conjunction with the closure of Mexico and Italy manufacturing and distribution facilities.

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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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