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Segment Information | 9 Months Ended
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Dec. 26, 2015
Segment Reporting [Abstract] |
Segment Information | 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 the Americas (U.S., Canada and Latin 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), men's apparel, 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 the Americas, 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. We also have wholesale arrangements pursuant to which we sell products to certain of our licensees, including our licensees in Asia (which were previously reported within our Americas wholesale operations). 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, 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 $13.3 million, $8.0 million and $1.9 million of its recorded $23.2 million goodwill as of December 26, 2015 to its Wholesale, Retail and Licensing segments, respectively. See Note 3 for goodwill recorded upon the Company's acquisition of controlling interest in MK Panama during the second quarter of Fiscal 2016. As of March 28, 2015, the Company's goodwill balance of $14.0 million was allocated $12.1 million and $1.9 million to the Company's 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):
| Three Months Ended |  | Nine Months Ended
| December 26, 2015 |  | December 27, 2014 |  | December 26, 2015 |  | December 27, 2014
Revenue: |  |  |  |  |  |  |
Net sales: Retail | $ | 766,225 |  |  | $ | 689,388 |  |  | $ | 1,822,340 |  |  | $ | 1,665,209 |
Wholesale | 575,453 |  |  | 573,838 |  |  | 1,553,426 |  |  | 1,494,723 |
Licensing | 55,801 |  |  | 51,500 |  |  | 137,669 |  |  | 130,553 |
Total revenue | $ | 1,397,479 |  |  | $ | 1,314,726 |  |  | $ | 3,513,435 |  |  | $ | 3,290,485 |
Income from operations: |  |  |  |  |  |  |
Retail | $ | 212,856 |  |  | $ | 214,928 |  |  | $ | 433,689 |  |  | $ | 484,951 |
Wholesale | 160,269 |  |  | 170,487 |  |  | 423,459 |  |  | 444,811 |
Licensing | 36,183 |  |  | 33,062 |  |  | 73,869 |  |  | 71,044 |
Income from operations | $ | 409,308 |  |  | $ | 418,477 |  |  | $ | 931,017 |  |  | $ | 1,000,806 |
Depreciation and amortization expense for each segment are as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| December 26, 2015 |  | December 27, 2014 |  | December 26, 2015 |  | December 27, 2014
Depreciation and amortization: |  |  |  |  |  |  |
Retail | $ | 27,308 |  |  | $ | 22,414 |  |  | $ | 80,798 |  |  | $ | 62,401 |
Wholesale | 17,383 |  |  | 15,007 |  |  | 50,897 |  |  | 37,505 |
Licensing | 323 |  |  | 71 |  |  | 1,036 |  |  | 648 |
Total depreciation and amortization | $ | 45,014 |  |  | $ | 37,492 |  |  | $ | 132,731 |  |  | $ | 100,554 |
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):
| Three Months Ended |  | Nine Months Ended
| December 26, 2015 |  | December 27, 2014 |  | December 26, 2015 |  | December 27, 2014
Revenue: |  |  |  |  |  |  |
The Americas (U.S., Canada and L. America)(1) | $ | 1,062,016 |  |  | $ | 1,057,281 |  |  | $ | 2,627,526 |  |  | $ | 2,578,396 |
Europe | 275,992 |  |  | 241,415 |  |  | 736,176 |  |  | 664,836 |
Asia | 59,471 |  |  | 16,030 |  |  | 149,733 |  |  | 47,253 |
Total revenue | $ | 1,397,479 |  |  | $ | 1,314,726 |  |  | $ | 3,513,435 |  |  | $ | 3,290,485 |
| As of
| December 26, 2015 |  | March 28, 2015
Long-lived assets: |  |  |
The Americas (U.S., Canada and Latin America)(1) | $ | 518,488 |  |  | $ | 443,816 |
Europe | 263,173 |  |  | 169,243 |
Asia | 24,565 |  |  | 11,416 |
Total Long-lived assets | $ | 806,226 |  |  | $ | 624,475 |
(1) | Net revenues earned in the U.S. were $997.7 million and $2.469 billion, respectively, during the three months and nine months ended December 26, 2015 and were $998.5 million and $2.426 billion, respectively, during the three months and nine months ended December 27, 2014. Long-lived assets located in the U.S. as of December 26, 2015 and March 28, 2015 were $483.1 million and $418.8 million, respectively.

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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 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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 3: 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 4: 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 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 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: 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 8: 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 9: 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 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=51669610&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 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: 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 13: 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 14: 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 + Details
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