XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information | 12 Months Ended
--- | ---
Feb. 03, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s reportable business segments and respective accounting policies of the segments are the same as those described in Note 1. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before corporate performance-based compensation costs, net gains (losses) from lease terminations, asset impairment charges and restructuring charges, if any. Corporate overhead, net gains (losses) from lease terminations, asset impairment charges, restructuring charges, interest income, interest expense and other income and expense are evaluated on a consolidated basis and not allocated to the Company’s business segments. Segment information is summarized as follows (in thousands):
| Year Ended |  | Year Ended |  | Year Ended
| Feb 3, 2018 (1) |  | Jan 28, 2017 (1) |  | Jan 30, 2016 (1)
Net revenue: |  |  |  |  |
Americas Retail | $ | 833,077 |  |  | $ | 935,479 |  |  | $ | 981,942 |
Americas Wholesale (2) | 150,366 |  |  | 146,260 |  |  | 155,594 |
Europe (2) | 998,657 |  |  | 788,194 |  |  | 722,877 |
Asia (2) | 308,899 |  |  | 248,601 |  |  | 240,041 |
Licensing (3) | 72,755 |  |  | 71,919 |  |  | 84,041 |
Total net revenue (3) | $ | 2,363,754 |  |  | $ | 2,190,453 |  |  | $ | 2,184,495 |
Earnings (loss) from operations: |  |  |  |  |
Americas Retail (2) | $ | (17,301 | ) |  | $ | (22,816 | ) |  | $ | 18,414 |
Americas Wholesale (2) | 25,161 |  |  | 24,190 |  |  | 29,579 |
Europe (2) | 87,376 |  |  | 56,961 |  |  | 53,673 |
Asia (2) | 14,116 |  |  | (2,381 | ) |  | 10,309 |
Licensing (2) | 78,102 |  |  | 80,386 |  |  | 92,189 |
Total segment earnings from operations | 187,454 |  |  | 136,340 |  |  | 204,164 |
Corporate overhead (2) | (102,429 | ) |  | (73,859 | ) |  | (82,864 | )
Net gains (losses) on lease terminations (2) (4) | (11,373 | ) |  | 695 |  |  | 2,337 |
Asset impairment charges (2) (5) | (8,479 | ) |  | (34,385 | ) |  | (2,287 | )
Restructuring charges (6) | — |  |  | (6,083 | ) |  | — |
Total earnings from operations | $ | 65,173 |  |  | $ | 22,708 |  |  | $ | 121,350 |
Capital expenditures: |  |  |  |  |
Americas Retail | $ | 16,899 |  |  | $ | 25,881 |  |  | $ | 26,384 |
Americas Wholesale | 1,303 |  |  | 3,320 |  |  | 2,854 |
Europe | 46,419 |  |  | 42,080 |  |  | 13,869 |
Asia | 12,111 |  |  | 13,869 |  |  | 6,265 |
Licensing | — |  |  | 20 |  |  | 27 |
Corporate overhead | 7,923 |  |  | 5,411 |  |  | 34,445 |
Total capital expenditures | $ | 84,655 |  |  | $ | 90,581 |  |  | $ | 83,844 |
| Feb 3, 2018 |  | Jan 28, 2017
Total assets: |  |  |
Americas Retail | $ | 192,917 |  |  | $ | 240,857 |
Americas Wholesale | 181,548 |  |  | 175,136 |
Europe | 850,886 |  |  | 723,251 |
Asia | 242,232 |  |  | 182,405 |
Licensing | 6,255 |  |  | 19,442 |
Corporate overhead | 181,796 |  |  | 193,395 |
Total assets | $ | 1,655,634 |  |  | $ | 1,534,485 |
_________________________________________________________________________
(1) | The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018.
(2) | During fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. Segment results were also adjusted to exclude corporate performance-based compensation costs, net gains (losses) on lease terminations and asset impairment charges due to the fact that these items are no longer included in the segment results provided to the Company’s chief operating decision maker in order to allocate resources and assess performance. Accordingly, segment results have been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.
(3) | During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation. This reclassification had no impact on previously reported earnings from operations.
(4) | During fiscal 2018, the Company incurred net losses on lease terminations related primarily to the modification of certain lease agreements held with a common landlord in North America. During fiscal 2017 and fiscal 2016, the Company recorded net gains on lease terminations related primarily to the early termination of certain lease agreements in Europe. Refer to Note 1 for more information regarding the net gains (losses) on lease terminations.
(5) | During each of the years presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. Refer to Note 5 for more information regarding these asset impairment charges.
(6) | Restructuring charges incurred during fiscal 2017 related to plans to better align the Company’s global cost and organizational structure with its current strategic initiatives. Refer to Note 9 for more information regarding these restructuring charges.
The table below presents information regarding geographic areas in which the Company operated. Net revenue is classified primarily based on the country where the Company’s customer is located (in thousands):
| Year Ended |  | Year Ended |  | Year Ended
| Feb 3, 2018 |  | Jan 28, 2017 (1) |  | Jan 30, 2016 (1)
Net revenue: |  |  |  |  |
U.S. | $ | 742,620 |  |  | $ | 836,954 |  |  | $ | 892,056 |
Italy | 289,299 |  |  | 257,542 |  |  | 245,451 |
Canada | 203,965 |  |  | 220,720 |  |  | 222,470 |
South Korea | 156,101 |  |  | 157,503 |  |  | 162,200 |
Other foreign countries | 971,769 |  |  | 717,734 |  |  | 662,318 |
Total net revenue | $ | 2,363,754 |  |  | $ | 2,190,453 |  |  | $ | 2,184,495 |
| Feb 3, 2018 |  | Jan 28, 2017
Long-lived assets: |  |  |
U.S. | $ | 109,943 |  |  | $ | 115,728 |
Italy | 34,884 |  |  | 31,013 |
Canada | 18,845 |  |  | 13,690 |
South Korea | 9,584 |  |  | 8,664 |
Other foreign countries | 187,214 |  |  | 132,921 |
Total long-lived assets | $ | 360,470 |  |  | $ | 302,016 |
_________________________________________________________________________
(1) | During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Company’s inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 and fiscal 2016 to conform to the current period presentation.

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration