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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jul. 02, 2022
Segment Reporting [Abstract] |
Schedule of 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.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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