XML 31 R22.htm IDEA: XBRL DOCUMENT
v3.22.2

SEGMENT INFORMATION | 6 Months Ended
--- | ---
Jul. 02, 2022
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The tables below presents certain information for the Company’s reportable segments and unallocated corporate expenses for the periods indicated:
| Fiscal quarter ended |  | Two fiscal quarters ended
(dollars in thousands) | July 2, 2022 |  | % of consolidated net sales |  | July 3, 2021 |  | % of consolidated net sales |  | July 2, 2022 |  | % of consolidated net sales |  | July 3, 2021 |  | % of consolidated net sales
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Retail | $ | 379,097 |  |  | 54.1 | % |  | $ | 423,627 |  |  | 56.8 | % |  | $ | 745,455 |  |  | 50.3 | % |  | $ | 830,694 |  |  | 54.2 | %
U.S. Wholesale | 224,016 |  |  | 32.0 | % |  | 231,630 |  |  | 31.0 | % |  | 531,317 |  |  | 35.9 | % |  | 515,007 |  |  | 33.6 | %
International | 97,582 |  |  | 13.9 | % |  | 91,143 |  |  | 12.2 | % |  | 205,208 |  |  | 13.8 | % |  | 188,060 |  |  | 12.2 | %
Consolidated net sales | $ | 700,695 |  |  | 100.0 | % |  | $ | 746,400 |  |  | 100.0 | % |  | $ | 1,481,980 |  |  | 100.0 | % |  | $ | 1,533,761 |  |  | 100.0 | %
Operating income: |  |  | % of segment net sales |  |  |  | % of segment net sales |  |  |  | % of segment net sales |  |  |  | % of segment net sales
U.S. Retail | $ | 55,540 |  |  | 14.7 | % |  | $ | 87,080 |  |  | 20.6 | % |  | $ | 105,534 |  |  | 14.2 | % |  | $ | 163,600 |  |  | 19.7 | %
U.S. Wholesale | 33,593 |  |  | 15.0 | % |  | 40,592 |  |  | 17.5 | % |  | 94,099 |  |  | 17.7 | % |  | 110,650 |  |  | 21.5 | %
International | 12,163 |  |  | 12.5 | % |  | 9,007 |  |  | 9.9 | % |  | 22,551 |  |  | 11.0 | % |  | 18,741 |  |  | 10.0 | %
Corporate expenses(*) | (25,878) |  |  | n/a |  | (29,097) |  |  | n/a |  | (44,142) |  |  | n/a |  | (57,913) |  |  | n/a
Consolidated operating income | $ | 75,418 |  |  | 10.8 | % |  | $ | 107,582 |  |  | 14.4 | % |  | $ | 178,042 |  |  | 12.0 | % |  | $ | 235,078 |  |  | 15.3 | %
(*)Corporate expenses include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, office occupancy, information technology, certain legal fees, consulting fees, and audit fees.
(dollars in millions) | Fiscal quarter ended July 3, 2021 |  | Two fiscal quarters ended July 3, 2021
Charges: | U.S. Retail |  | U.S. Wholesale |  | International |  | U.S. Retail |  | U.S. Wholesale |  | International
Incremental costs associated with COVID-19 pandemic | $ | 0.5 |  |  | $ | 0.4 |  |  | $ | 0.1 |  |  | $ | 1.6 |  |  | $ | 1.3 |  |  | $ | 0.3 |
Organizational restructuring(1) | (0.6) |  |  | — |  |  | 2.3 |  |  | (0.6) |  |  | 0.1 |  |  | 2.3 |
Gain on modification of retail store leases(2) | (0.4) |  |  | — |  |  | — |  |  | (1.9) |  |  | — |  |  | — |
Total charges(3) | $ | (0.5) |  |  | $ | 0.4 |  |  | $ | 2.4 |  |  | $ | (0.9) |  |  | $ | 1.4 |  |  | $ | 2.6 |
(1)Fiscal quarter and two fiscal quarters ended July 3, 2021 include $2.3 million of costs associated with the early exit of the Canada corporate office lease. Fiscal quarter and two fiscal quarters ended July 3, 2021 also includes corporate charges related to organizational restructuring of $0.5 million and $0.9 million, respectively. (2)Related to gains on the modification of previously impaired retail store leases. (3)Total charges for two fiscal quarters ended July 3, 2021 exclude a customer bankruptcy recovery of $38,000.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration