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Segment Information | 12 Months Ended
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Mar. 28, 2015
Segment Information | 17. Segment Information The Company operates its business through three operating segments—Retail, Wholesale and Licensing—which are based on its business activities and organization. The operating segments are segments of the Company for which separate financial information is available and for which operating results are evaluated regularly by executive management in deciding how to allocate resources, as well as in assessing performance. The primary key performance indicators are net sales or revenue (in the case of Licensing) and operating income for each segment. The Company’s reportable segments represent channels of distribution that offer similar merchandise, customer experience and sales/marketing strategies. The Company’s Retail segment includes sales through the Company owned stores, including “Collection,” “Lifestyle” including “concessions,” and outlet stores located throughout North America, Europe, and Japan, as well as the Company’s e-commerce sales. Products sold through the Retail segment include women’s apparel, accessories (which include handbags and small leather goods such as wallets), footwear and licensed products, such as watches, jewelry, fragrances and beauty, and eyewear. The Wholesale segment includes sales primarily to major department stores and specialty shops throughout North America, Europe and Asia. Products sold through the Wholesale segment include accessories (which include handbags and small leather goods such as wallets), footwear and women’s and men’s apparel. The Licensing segment includes royalties earned on licensed products and use of the Company’s trademarks, and rights granted to third parties for the right to sell the Company’s products in certain geographic regions such as the Middle East, Eastern Europe, Latin America and the Caribbean, throughout all of Asia (excluding Japan), as well as Australia. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance. Corporate overhead expenses are allocated to the segments based upon specific usage or other allocation methods. The Company has allocated $12.1 million and $1.9 million of its recorded goodwill to its Wholesale and Licensing segments, respectively. The Company does not have identifiable assets separated by segment. The following table presents the key performance information of the Company’s reportable segments (in thousands):
|  | Fiscal Years Ended |
|  | March 28, 2015 |  |  | March 29, 2014 |  |  | March 30, 2013 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Net sales: Retail |  | $ | 2,134,578 |  |  | $ | 1,593,005 |  |  | $ | 1,062,642 |
Wholesale |  |  | 2,065,088 |  |  |  | 1,577,517 |  |  |  | 1,032,115 |
Licensing |  |  | 171,803 |  |  |  | 140,321 |  |  |  | 86,975 |
Total revenue |  | $ | 4,371,469 |  |  | $ | 3,310,843 |  |  | $ | 2,181,732 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | $ | 557,162 |  |  | $ | 467,248 |  |  | $ | 315,654 |
Wholesale |  |  | 610,886 |  |  |  | 459,774 |  |  |  | 269,323 |
Licensing |  |  | 88,925 |  |  |  | 81,149 |  |  |  | 45,037 |
Income from operations |  | $ | 1,256,973 |  |  | $ | 1,008,171 |  |  | $ | 630,014 |
Depreciation and amortization expense for each segment are as follows (in thousands): |  |  |  |  |
|  | Fiscal Years Ended |
|  | March 28, 2015 |  |  | March 29, 2014 |  |  | March 30, 2013 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Retail (1) |  | $ | 84,523 |  |  | $ | 46,679 |  |  | $ | 35,388 |
Wholesale |  |  | 52,980 |  |  |  | 32,364 |  |  |  | 18,531 |
Licensing |  |  | 922 |  |  |  | 611 |  |  |  | 372 |
Total depreciation and amortization |  | $ | 138,425 |  |  | $ | 79,654 |  |  | $ | 54,291 |
| (1) | Excluded from the above table are impairment charges related to the retail segment for $0.8 million, $1.3 million, and $0.7 million, during the fiscal years ended March 28, 2015, March 29, 2014, and March 30, 2013, respectively.
Total revenue (as recognized based on country of origin) and long-lived assets by geographic location of the consolidated Company are as follows (in thousands):
|  | Fiscal Years Ended |
|  | March 28, 2015 |  |  | March 29, 2014 |  |  | March 30, 2013 |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
North America (U.S. and Canada)(1) |  | $ | 3,418,924 |  |  | $ | 2,771,818 |  |  | $ | 1,938,635 |
Europe |  |  | 884,645 |  |  |  | 500,478 |  |  |  | 220,724 |
Other regions |  |  | 67,900 |  |  |  | 38,547 |  |  |  | 22,373 |
Total net revenues |  | $ | 4,371,469 |  |  | $ | 3,310,843 |  |  | $ | 2,181,732 |
|  |  |  |  | As of |
|  |  |  |  | March 28, 2015 |  |  | March 29, 2014 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
North America (U.S. and Canada)(1) |  |  |  |  |  | $ | 443,816 |  |  | $ | 283,162 |
Europe |  |  |  |  |  |  | 169,243 |  |  |  | 108,074 |
Other regions |  |  |  |  |  |  | 11,416 |  |  |  | 7,476 |
Total Long-lived assets: |  |  |  |  |  | $ | 624,475 |  |  | $ | 398,712 |
| (1) | Net revenues earned in the U.S. during Fiscal 2015, Fiscal 2014, and Fiscal 2013 were $3,227.5 million, $2,600.1 million and $1,800.4 million, respectively. Long-lived assets located in the U.S. as of March 28, 2015 and March 29, 2014 were $418.8 million and $265.9 million, respectively.
Net revenues by major product category are as follows (in thousands):
|  | Fiscal Years Ended |
|  | March 28, 2015 |  |  | % of Total |  |  | March 29, 2014 |  |  | % of Total |  |  | March 30, 2013 |  |  | % of Total |
Accessories |  | $ | 2,872,221 |  |  |  | 68.4 | % |  | $ | 2,060,824 |  |  |  | 65.0 | % |  | $ | 1,255,536 |  |  |  | 59.9 | %
Apparel |  |  | 549,433 |  |  |  | 13.1 | % |  |  | 482,435 |  |  |  | 15.2 | % |  |  | 413,731 |  |  |  | 19.8 | %
Footwear |  |  | 444,046 |  |  |  | 10.5 | % |  |  | 337,988 |  |  |  | 10.7 | % |  |  | 210,982 |  |  |  | 10.1 | %
Licensed product |  |  | 333,966 |  |  |  | 8.0 | % |  |  | 289,275 |  |  |  | 9.1 | % |  |  | 214,508 |  |  |  | 10.2 | %
Net sales |  | $ | 4,199,666 |  |  |  |  |  |  | $ | 3,170,522 |  |  |  |  |  |  | $ | 2,094,757 |  |  |  |  |

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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 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 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=51669610&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 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 4: 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=51669610&loc=d3e8538-108599 Reference 5: 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=51669610&loc=d3e8380-108599 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=51669610&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=51669610&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 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 9: 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=51669610&loc=d3e9054-108599 Reference 10: 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=51669610&loc=d3e8924-108599 Reference 11: 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=51669610&loc=d3e9031-108599 Reference 12: 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=51669610&loc=d3e9038-108599 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=51669610&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=51669610&loc=d3e8595-108599 + Details
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