XML 42 R33.htm IDEA: XBRL DOCUMENT
v3.23.3

SEGMENT INFORMATION (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of segment information | The table below presents certain information for the Company’s reportable segments and unallocated corporate expenses for the periods indicated:
| Fiscal quarter ended |  | Three fiscal quarters ended
(dollars in thousands) | September 30, 2023 |  | % of consolidated net sales |  | October 1, 2022 |  | % of consolidated net sales |  | September 30, 2023 |  | % of consolidated net sales |  | October 1, 2022 |  | % of consolidated net sales
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Retail | $ | 374,796 |  |  | 47.3 | % |  | $ | 408,209 |  |  | 49.9 | % |  | $ | 1,021,983 |  |  | 49.0 | % |  | $ | 1,153,664 |  |  | 50.1 | %
U.S. Wholesale | 300,338 |  |  | 38.0 | % |  | 288,454 |  |  | 35.2 | % |  | 767,194 |  |  | 36.7 | % |  | 819,772 |  |  | 35.6 | %
International | 116,517 |  |  | 14.7 | % |  | 121,961 |  |  | 14.9 | % |  | 298,553 |  |  | 14.3 | % |  | 327,167 |  |  | 14.3 | %
Consolidated net sales | $ | 791,651 |  |  | 100.0 | % |  | $ | 818,624 |  |  | 100.0 | % |  | $ | 2,087,730 |  |  | 100.0 | % |  | $ | 2,300,603 |  |  | 100.0 | %
Operating income: |  |  | % of segment net sales |  |  |  | % of segment net sales |  |  |  | % of segment net sales |  |  |  | % of segment net sales
U.S. Retail | $ | 47,983 |  |  | 12.8 | % |  | $ | 57,723 |  |  | 14.1 | % |  | $ | 103,132 |  |  | 10.1 | % |  | $ | 163,257 |  |  | 14.2 | %
U.S. Wholesale | 65,702 |  |  | 21.9 | % |  | 39,989 |  |  | 13.9 | % |  | 147,003 |  |  | 19.2 | % |  | 134,088 |  |  | 16.4 | %
International | 13,379 |  |  | 11.5 | % |  | 17,113 |  |  | 14.0 | % |  | 23,193 |  |  | 7.8 | % |  | 39,665 |  |  | 12.1 | %
Corporate expenses(*) | (33,634) |  |  | n/a |  | (23,242) |  |  | n/a |  | (85,983) |  |  | n/a |  | (67,385) |  |  | n/a
Consolidated operating income | $ | 93,430 |  |  | 11.8 | % |  | $ | 91,583 |  |  | 11.2 | % |  | $ | 187,345 |  |  | 9.0 | % |  | $ | 269,625 |  |  | 11.7 | %
(*)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 September 30, 2023 |  | Three fiscal quarters ended September 30, 2023
Charges: | U.S. Retail |  | U.S. Wholesale |  | International |  | U.S. Retail |  | U.S. Wholesale |  | International
Organizational restructuring(*) | $ | 0.6 |  |  | $ | 0.4 |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.3 |
(*)Relates to charges for organizational restructuring and related corporate office lease amendment actions. Additionally, the third fiscal quarter and first three fiscal quarters ended September 30, 2023 includes a corporate charge of $1.5 million and $4.1 million, respectively, related to organizational restructuring and related corporate office lease amendment actions.

X
- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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