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Segment Information | 6 Months Ended
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Sep. 30, 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. As of September 30, 2017 and April 1, 2017, the Company's goodwill balance of $119.7 million was allocated $91.9 million, $25.9 million and $1.9 million to the Company's Retail, 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 millions):
| Three Months Ended |  | Six Months Ended
| September 30, 2017 |  | October 1, 2016 |  | September 30, 2017 |  | October 1, 2016
Revenue: |  |  |  |  |  |  |
Net sales: Retail | $ | 645.0 |  |  | $ | 597.2 |  |  | $ | 1,264.9 |  |  | $ | 1,160.1 |
Wholesale | 463.6 |  |  | 452.2 |  |  | 767.2 |  |  | 846.6 |
Licensing | 38.0 |  |  | 38.8 |  |  | 66.9 |  |  | 69.4 |
Total revenue | $ | 1,146.6 |  |  | $ | 1,088.2 |  |  | $ | 2,099.0 |  |  | $ | 2,076.1 |
Income from operations: |  |  |  |  |  |  |
Retail | $ | 69.0 |  |  | $ | 69.6 |  |  | $ | 161.2 |  |  | $ | 136.2 |
Wholesale | 119.6 |  |  | 122.0 |  |  | 163.1 |  |  | 227.0 |
Licensing | 10.5 |  |  | 12.1 |  |  | 24.2 |  |  | 27.4 |
Income from operations | $ | 199.1 |  |  | $ | 203.7 |  |  | $ | 348.5 |  |  | $ | 390.6 |
Depreciation and amortization expense for each segment are as follows (in millions):
| Three Months Ended |  | Six Months Ended
| September 30, 2017 |  | October 1, 2016 |  | September 30, 2017 |  | October 1, 2016
Depreciation and amortization: |  |  |  |  |  |  |
Retail | $ | 33.1 |  |  | $ | 40.5 |  |  | $ | 65.1 |  |  | $ | 74.5 |
Wholesale | 14.6 |  |  | 15.3 |  |  | 29.6 |  |  | 31.2 |
Licensing | 0.6 |  |  | 0.6 |  |  | 1.2 |  |  | 1.1 |
Total depreciation and amortization | $ | 48.3 |  |  | $ | 56.4 |  |  | $ | 95.9 |  |  | $ | 106.8 |
During the three and six months ended September 30, 2017, the Company recorded impairment charges of $16.3 million and restructuring and other charges of $5.9 million relating to its retail operations. Please refer to Notes 5, 6 and 11 for additional information. During the three and six months ended October 1, 2016, the Company recorded impairment charges of $4.9 million relating to its retail operations. Total revenue (as recognized based on country of origin), and long-lived assets by geographic location are as follows (in millions):
| Three Months Ended |  | Six Months Ended
| September 30, 2017 |  | October 1, 2016 |  | September 30, 2017 |  | October 1, 2016
Revenue: |  |  |  |  |  |  |
The Americas (U.S., Canada and Latin America)(1) | $ | 751.9 |  |  | $ | 745.1 |  |  | $ | 1,386.0 |  |  | $ | 1,435.9 |
Europe | 270.7 |  |  | 248.0 |  |  | 471.9 |  |  | 472.0 |
Asia | 124.0 |  |  | 95.1 |  |  | 241.1 |  |  | 168.2 |
Total revenue | $ | 1,146.6 |  |  | $ | 1,088.2 |  |  | $ | 2,099.0 |  |  | $ | 2,076.1 |
| As of
| September 30, 2017 |  | April 1, 2017
Long-lived assets: |  |  |
The Americas (U.S., Canada and Latin America)(1) | $ | 321.4 |  |  | $ | 356.1 |
Europe | 201.1 |  |  | 197.7 |
Asia | 445.9 |  |  | 455.8 |
Total Long-lived assets | $ | 968.4 |  |  | $ | 1,009.6 |
(1) | Total revenues earned in the U.S. were $694.0 million and $1.281 billion, respectively, for the three and six months ended September 30, 2017 and $693.7 million and $1.335 billion for the three and six months ended October 1, 2016. Long-lived assets located in the U.S. as of September 30, 2017 and April 1, 2017 were $295.3 million and $328.8 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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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