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Segment Information
 12 Months Ended
Apr. 01, 2017
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 the Company's chief operating decision maker 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, excluding Brazil), Europe, and Asia, 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 our geographic licensees. 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 operate retail stores and/or sell the Company’s products in certain geographic regions such as Brazil, the Middle East, Eastern Europe, certain parts of Asia and 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 $25.9 million, $91.9 million and $1.9 million of its recorded $119.7 million goodwill as of April 1, 2017 to its Wholesale, Retail and Licensing segments, respectively. See Note 3 for goodwill recorded upon the Company's acquisition of MKHKL during Fiscal 2017. As of April 2, 2016, the Company's goodwill balance of $23.2 million was allocated $13.3 million, $8.0 million and $1.9 million to its Wholesale, Retail, 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 millions):
 
Fiscal Years Ended
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
Revenue:
 
 
 
 
 
Net sales: Retail
$
2,572.1

 
$
2,394.9

 
$
2,134.6

Wholesale
1,775.8

 
2,143.9

 
2,065.1

Licensing
145.8

 
173.3

 
171.8

Total revenue
$
4,493.7

 
$
4,712.1

 
$
4,371.5

 
 
 
 
 
 
Income from operations:
 
 
 
 
 
Retail
$
159.8

 
$
501.4

 
$
557.2

Wholesale
468.1

 
584.1

 
610.9

Licensing
62.0

 
89.6

 
88.9

Income from operations
$
689.9

 
$
1,175.1

 
$
1,257.0


Depreciation and amortization expense for each segment are as follows (in millions):    
 
Fiscal Years Ended
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
Depreciation and amortization(1):
 
 
 
 
 
Retail
$
156.1

 
$
114.5

 
$
84.5

Wholesale
61.6

 
67.3

 
53.0

Licensing
2.1

 
1.4

 
0.9

Total depreciation and amortization
$
219.8

 
$
183.2

 
$
138.4

 
 
(1) 
Excluded from the above table are impairment charges, which are detailed in the below table and in Notes 6, 7 and 11.
The following table presents the Company's impairment charges by asset type (in millions):
 
Fiscal Years Ended
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
Impairment Charges:
 
 
 
 
 
Retail
$
198.7

 
$
8.6

 
$
0.8

Wholesale
0.5

 
0.4

 
—

Corporate assets
—

 
1.9

 
—

Total impairment
$
199.2

 
$
10.9

 
$
0.8


Total revenue (based on country of origin) and long-lived assets by geographic location are as follows (in millions):
 
Fiscal Years Ended
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
Revenue:
 
 
 
 
 
The Americas (U.S., Canada and Latin America)(1)
$
3,140.7

 
$
3,506.6

 
$
3,418.9

Europe
943.9

 
990.3

 
884.7

Asia
409.1

 
215.2

 
67.9

Total revenue
$
4,493.7

 
$
4,712.1

 
$
4,371.5


 
As of
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
Long-lived assets:
 
 
 
 
 
The Americas (U.S., Canada and Latin America)(1)
$
356.1

 
$
507.7

 
$
443.8

Europe
197.7

 
284.2

 
169.2

Asia
455.8

 
33.7

 
11.4

Total Long-lived assets:
$
1,009.6

 
$
825.6

 
$
624.4

 
 
(1)  
Net revenues earned in the U.S. during Fiscal 2017, Fiscal 2016, and Fiscal 2015 were $2.935 billion, $3.304 billion and $3.228 billion, respectively. Long-lived assets located in the U.S. as of April 1, 2017 and April 2, 2016 were $328.8 million and $472.2 million, respectively.
Net sales by major product category are as follows (in millions):
 
Fiscal Years Ended
 
April 1,
2017
 
% of
Total
 
April 2,
2016
 
% of
Total
 
March 28,
2015
 
% of
Total
Accessories
$
3,061.4

 
70.4%
 
$
3,179.7

 
70.1
%
 
$
2,872.2

 
68.4
%
Apparel
543.2

 
12.5%
 
543.7

 
12.0
%
 
549.4

 
13.1
%
Footwear
462.0

 
10.6%
 
491.0

 
10.8
%
 
444.1

 
10.5
%
Licensed product
281.3

 
6.5%
 
324.4

 
7.1
%
 
334.0

 
8.0
%
Net sales
$
4,347.9

 
 
 
$
4,538.8

 
 
 
$
4,199.7