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Segment Information (Tables) | 6 Months Ended
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Aug. 04, 2018
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 August 4, 2018 and July 29, 2017 (in thousands):
| Three Months Ended |  | Six Months Ended
| Aug 4, 2018 |  | Jul 29, 2017 |  | Aug 4, 2018 |  | Jul 29, 2017
Net revenue: |  |  |  |  |  |  |  |  |
Americas Retail | $ | 197,125 |  |  | $ | 201,188 |  |  | $ | 368,465 |  |  | $ | 374,882 |
Americas Wholesale | 34,253 |  |  | 32,658 |  |  | 74,932 |  |  | 68,515 |
Europe | 311,998 |  |  | 255,215 |  |  | 517,433 |  |  | 420,603 |
Asia | 82,786 |  |  | 62,733 |  |  | 166,837 |  |  | 126,114 |
Licensing (1) (2) | 19,709 |  |  | 16,498 |  |  | 39,493 |  |  | 32,523 |
Total net revenue (1) (2) | $ | 645,871 |  |  | $ | 568,292 |  |  | $ | 1,167,160 |  |  | $ | 1,022,637 |
Earnings (loss) from operations: |  |  |  |  |  |  |  |  |
Americas Retail (2) (3) (4) | $ | 5,582 |  |  | $ | (3,555 | ) |  | $ | (98 | ) |  | $ | (25,136 | )
Americas Wholesale (2) (3) (4) | 5,325 |  |  | 5,238 |  |  | 11,351 |  |  | 12,221 |
Europe (3) (4) (5) | 30,531 |  |  | 30,058 |  |  | 10,198 |  |  | 29,052 |
Asia (3) (4) | 1,634 |  |  | 2,441 |  |  | 5,699 |  |  | 2,780 |
Licensing (2) (3) (4) | 17,437 |  |  | 14,389 |  |  | 34,923 |  |  | 27,850 |
Total segment earnings from operations (2) (3) (5) | 60,509 |  |  | 48,571 |  |  | 62,073 |  |  | 46,767 |
Corporate overhead (2) (3) (5) | (25,647 | ) |  | (23,551 | ) |  | (51,492 | ) |  | (43,960 | )
Net gains on lease terminations (3) (6) | — |  |  | — |  |  | 152 |  |  | — |
Asset impairment charges (3) (7) | (2,981 | ) |  | (1,233 | ) |  | (3,740 | ) |  | (3,995 | )
Total earnings (loss) from operations (2) (5) | $ | 31,881 |  |  | $ | 23,787 |  |  | $ | 6,993 |  |  | $ | (1,188 | )
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(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 to reflect its treatment as a reduction of the cost of such licensed product. Accordingly, net revenue for the three and six months ended July 29, 2017 has been adjusted to conform to the current period presentation. This reclassification had no impact on previously reported earnings (loss) from operations.
(2) | During the first quarter of fiscal 2019, the Company adopted a comprehensive new revenue recognition standard using a modified retrospective method that does not restate prior periods to be comparable to the current period presentation. The adoption of this guidance primarily impacted the presentation of advertising contributions received from the Company’s licensees and the related advertising expenditures incurred by the Company. The adoption of this guidance resulted in an increase in net royalty revenue within the Company’s Licensing segment of $2.1 million, as well as an increase in SG&A expenses in our Americas Retail, Americas Wholesale and Licensing segments as well as corporate overhead of $0.5 million, $0.2 million, $0.2 million and $0.5 million, respectively, during the three months ended August 4, 2018 compared to the same prior-year period. The net favorable impact on earnings from operations was approximately $0.6 million during the three months ended August 4, 2018 compared to the same prior-year period. During the six months ended August 4, 2018, the adoption of this guidance resulted in an increase in net royalty revenue within the Company’s Licensing segment of $4.4 million, as well as an increase in SG&A expenses in our Americas Retail, Americas Wholesale and Licensing segments as well as corporate overhead of $2.3 million, $0.9 million, $0.4 million and $1.1 million, respectively, during the six months ended August 4, 2018 compared to the same prior-year period. The net unfavorable impact on earnings from operations was approximately $0.4 million during the six months ended August 4, 2018 compared to the same prior-year period. Refer to Note 1 for more information regarding the impact from the adoption of this new standard.
(3) | During the third quarter of fiscal 2018, segment results were 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 the three and six months ended July 29, 2017 to conform to the current period presentation.
(4) | During the first quarter of fiscal 2019, the Company changed the segment accountability for funds received from licensees on the Company’s purchases of its licensed products. These amounts were treated as a reduction of cost of product sales within the Licensing segment but now are considered in the results of the segments that control the respective purchases for purposes of segment performance evaluation. Accordingly, segment results for the three and six months ended July 29, 2017 have been adjusted to conform to the current period presentation.
(5) | During the first quarter of fiscal 2019, the Company adopted new authoritative guidance which requires that the non-service components of net periodic defined benefit pension cost be presented outside of earnings (loss) from operations. Accordingly, earnings (loss) from operations and segment results for the three and six months ended July 29, 2017 have been adjusted to conform to the current period presentation.
(6) | During the six months ended August 4, 2018, the Company recorded net gains on lease terminations related primarily to the early termination of certain lease agreements in North America. The net gains on lease terminations were recorded during the three months ended May 5, 2018. Refer to Note 1 for more information regarding the net gains on lease terminations.
(7) | During each of the periods presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. Refer to Note 14 for more information regarding these asset impairment charges.
Summary of net revenue by country | Net revenue is classified primarily based on the country where the Company’s customer is located (in thousands):
| Three Months Ended |  | Six Months Ended
| Aug 4, 2018 |  | Jul 29, 2017 |  | Aug 4, 2018 |  | Jul 29, 2017
Net revenue: |  |  |  |  |  |  |  |  |
U.S. | $ | 176,064 |  |  | $ | 174,991 |  |  | $ | 338,434 |  |  | $ | 337,171 |
Italy | 89,380 |  |  | 81,196 |  |  | 148,286 |  |  | 128,394 |
Canada | 45,822 |  |  | 49,130 |  |  | 86,335 |  |  | 89,524 |
South Korea | 35,996 |  |  | 34,283 |  |  | 74,083 |  |  | 72,838 |
Other foreign countries | 298,609 |  |  | 228,692 |  |  | 520,022 |  |  | 394,710 |
Total net revenue | $ | 645,871 |  |  | $ | 568,292 |  |  | $ | 1,167,160 |  |  | $ | 1,022,637 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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