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Segment Information
 3 Months Ended
Apr. 28, 2012
Segment Information  
Segment Information

(7)                                 Segment Information

 

The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes:  North American Retail, Europe, Asia, North American Wholesale and Licensing. Management evaluates segment performance based primarily on revenues and earnings from operations. The Company believes this segment reporting reflects how its five business segments are managed and each segment’s performance is evaluated. The North American Retail segment includes the Company’s retail operations in North America. The Europe segment includes the Company’s wholesale and retail operations in Europe and the Middle East. The Asia segment includes the Company’s wholesale and retail operations in Asia. The North American Wholesale segment includes the Company’s wholesale operations in North America and export sales to Central and South America. The Licensing segment includes the worldwide licensing operations of the Company. The business segment operating results exclude corporate overhead costs, which consist of shared costs of the organization. These costs are presented separately and generally include, among other things, the following unallocated corporate costs: information technology, human resources, global advertising and marketing, accounting and finance, executive compensation, facilities and legal.

 

Net revenue and earnings from operations are summarized as follows for the three months ended April 28, 2012 and April 30, 2011 (in thousands):

 

 

 

Three Months Ended

 

 

 

April 28,
2012

 

April 30,
2011

 

Net revenue:

 

 

 

 

 

North American Retail

 

$

251,798

 

$

247,457

 

Europe

 

189,815

 

210,209

 

Asia

 

64,835

 

60,087

 

North American Wholesale

 

43,918

 

45,646

 

Licensing

 

28,900

 

28,845

 

 

 

$

579,266

 

$

592,244

 

 

 

 

 

 

 

Earnings (loss) from operations:

 

 

 

 

 

North American Retail

 

$

16,990

 

$

18,630

 

Europe

 

12,481

 

33,181

 

Asia

 

5,875

 

7,101

 

North American Wholesale

 

9,346

 

11,114

 

Licensing

 

24,586

 

25,290

 

Corporate Overhead

 

(30,137

)

(24,383

)

 

 

$

39,141

 

$

70,933

 

 

Due to the seasonal nature of the Company’s business segments, the above net revenue and operating results are not necessarily indicative of the results that may be expected for the full fiscal year.