XML 42 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
6 Months Ended
Jul. 29, 2017
Segment Reporting [Abstract]  
Summary of net revenue and earnings (loss) from operations by segment
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.