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Segment Information
6 Months Ended
Jul. 30, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Company’s operating segments are the same as its reportable segments. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before restructuring charges, if any. The Company believes this segment reporting reflects how its five business segments are managed and how each segment’s performance is evaluated by the Company’s chief operating decision maker to assess performance and make resource allocation decisions. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America. The Europe segment includes the Company’s retail, e-commerce and wholesale operations in Europe and the Middle East. The Asia segment includes the Company’s retail, e-commerce and wholesale operations in Asia. The Americas Wholesale segment includes the Company’s wholesale operations in the Americas. 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, and restructuring charges. These costs are presented separately and generally include, among other things, the following unallocated corporate costs: accounting and finance, executive compensation, facilities, global advertising and marketing, human resources, information technology and legal.
Net revenue and earnings (loss) from operations are summarized as follows for the three and six months ended July 30, 2016 and August 1, 2015 (in thousands):    
 
Three Months Ended
 
Six Months Ended
 
Jul 30, 2016
 
Aug 1, 2015
 
Jul 30, 2016
 
Aug 1, 2015
Net revenue:
 

 
 

 
 
 
 
Americas Retail
$
226,550

 
$
232,456

 
$
430,711

 
$
446,705

Europe
213,467

 
199,375

 
348,847

 
336,772

Asia
53,247

 
56,745

 
107,376

 
120,780

Americas Wholesale
29,744

 
32,361

 
62,542

 
69,639

Licensing
21,951

 
25,327

 
44,298

 
51,192

Total net revenue
$
544,959

 
$
546,264

 
$
993,774

 
$
1,025,088

Earnings (loss) from operations:
 

 
 

 
 
 
 
Americas Retail
$
(1,614
)
 
$
5,244

 
$
(14,215
)
 
$
(1,965
)
Europe
19,033

 
18,186

 
4,948

 
14,518

Asia
(3,546
)
 
887

 
(4,215
)
 
5,500

Americas Wholesale
3,339

 
4,872

 
8,950

 
11,619

Licensing
19,733

 
22,415

 
40,148

 
45,440

Corporate Overhead
(21,368
)
 
(25,403
)
 
(42,934
)
 
(44,558
)
Restructuring Charges

 

 
(6,083
)
 

Total earnings (loss) from operations
$
15,577

 
$
26,201

 
$
(13,401
)
 
$
30,554


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. Restructuring charges incurred during the six months ended July 30, 2016 related to plans to better align the Company’s global cost and organizational structure with its current strategic initiatives. Refer to Note 6 for more information regarding these restructuring charges.