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Segment Information
 6 Months Ended
Jul. 29, 2017
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 Americas Retail, Europe, Americas Wholesale and Licensing reportable segments are the same as their respective operating segments. Certain components of the Company’s Asia operating segment are separate operating segments based on region which have been aggregated into the Asia reportable segment for disclosure purposes. During the first quarter of fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. Accordingly, segment results for Europe, Asia and Americas Wholesale have been adjusted for the three and six months ended July 30, 2016 to conform to the current year presentation. 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 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 29, 2017 and July 30, 2016 (in thousands):    
 
Three Months Ended
 
Six Months Ended
 
Jul 29, 2017
 
Jul 30, 2016
 
Jul 29, 2017
 
July 30, 2016
Net revenue:
 

 
 

 
 
 
 
Americas Retail
$
201,188

 
$
226,550

 
$
374,882

 
$
430,711

Europe (1)
255,215

 
212,416

 
420,603

 
346,558

Asia (1)
62,733

 
53,410

 
126,114

 
107,638

Americas Wholesale (1)
32,658

 
30,632

 
68,515

 
64,569

Licensing
21,898

 
21,951

 
42,159

 
44,298

Total net revenue
$
573,692

 
$
544,959

 
$
1,032,273

 
$
993,774

Earnings (loss) from operations:
 

 
 

 
 
 
 
Americas Retail (2)
$
(7,160
)
 
$
(1,614
)
 
$
(33,926
)
 
$
(14,215
)
Europe (1) (2)
26,188

 
18,571

 
23,093

 
4,016

Asia (1) (2)
1,530

 
(3,378
)
 
692

 
(3,927
)
Americas Wholesale (1)
4,859

 
3,633

 
11,504

 
9,594

Licensing
19,422

 
19,733

 
36,753

 
40,148

 
44,839


36,945


38,116

 
35,616

Corporate Overhead
(21,591
)
 
(21,368
)
 
(40,387
)
 
(42,934
)
Restructuring Charges
—

 
—

 
—

 
(6,083
)
Total earnings (loss) from operations
$
23,248


$
15,577


$
(2,271
)
 
$
(13,401
)
__________________________________
(1)
During the first quarter of fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. Accordingly, segment results for Europe, Asia and Americas Wholesale have been adjusted for the three and six months ended July 30, 2016 to conform to the current year presentation.
(2)
During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. During the three months ended July 29, 2017, the Company recorded asset impairment charges related to its Americas Retail and Asia segments of $0.9 million and $0.3 million, respectively. During the six months ended July 29, 2017, the Company recorded asset impairment charges related to its Americas Retail and Asia segments of $3.0 million and $0.9 million, respectively. Asset impairment charges related to its Europe segment were minimal during the three and six months ended July 29, 2017. During the three months ended July 30, 2016, the Company recorded asset impairment charges related to its Americas Retail and Europe segments of $0.4 million and $0.1 million, respectively. Asset impairment charges related to its Asia segment were minimal during the three months ended July 30, 2016. During the six months ended July 30, 2016, the Company recorded asset impairment charges related to its Americas Retail, Europe and Asia segments of $0.4 million, $0.2 million and $0.1 million, respectively.
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.