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Segment Information | 12 Months Ended
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Feb. 01, 2020
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, asset impairment charges, net gains (losses) from lease terminations, restructuring charges and certain non-recurring credits (charges), if any. Corporate overhead, asset impairment charges, net gains (losses) from lease terminations, interest income, interest expense and other income (expense) are evaluated on a consolidated basis and not allocated to the Company’s business segments. The Company does not evaluate performance or allocate resources based on segment asset data, and therefore total segment assets are not presented. Segment information is summarized as follows (in thousands):
| Year Ended |  | Year Ended |  | Year Ended
| Feb 1, 2020 1 |  | Feb 2, 2019 1 |  | Feb 3, 2018 1
Net revenue: |  |  |  |  |
Americas Retail | $ | 811,547 |  |  | $ | 824,674 |  |  | $ | 833,077 |
Americas Wholesale | 186,389 |  |  | 170,812 |  |  | 150,366 |
Europe | 1,248,114 |  |  | 1,142,768 |  |  | 998,657 |
Asia | 346,212 |  |  | 388,246 |  |  | 308,899 |
Licensing | 85,847 |  |  | 83,194 |  |  | 72,755 |
Total net revenue | $ | 2,678,109 |  |  | $ | 2,609,694 |  |  | $ | 2,363,754 |
Earnings (loss) from operations: |  |  |  |  |
Americas Retail | $ | 22,279 |  |  | $ | 27,532 |  |  | $ | (11,096 | )
Americas Wholesale | 35,674 |  |  | 29,935 |  |  | 25,845 |
Europe | 134,078 |  |  | 58,298 |  |  | 94,545 |
Asia | (8,894 | ) |  | 12,365 |  |  | 14,809 |
Licensing | 74,459 |  |  | 72,986 |  |  | 63,538 |
Total segment earnings from operations | 257,596 |  |  | 201,116 |  |  | 187,641 |
Corporate overhead | (106,948 | ) |  | (96,805 | ) |  | (100,434 | )
European Commission fine 2 | — |  |  | (45,637 | ) |  | — |
Asset impairment charges 3 | (9,977 | ) |  | (6,939 | ) |  | (8,479 | )
Net gains (losses) on lease terminations 4 | — |  |  | 477 |  |  | (11,373 | )
Total earnings from operations | $ | 140,671 |  |  | $ | 52,212 |  |  | $ | 67,355 |
Capital expenditures: |  |  |  |  |
Americas Retail | $ | 19,411 |  |  | $ | 19,614 |  |  | $ | 16,899 |
Americas Wholesale | 980 |  |  | 376 |  |  | 1,303 |
Europe | 33,036 |  |  | 56,792 |  |  | 46,419 |
Asia | 6,782 |  |  | 23,458 |  |  | 12,111 |
Corporate overhead | 1,659 |  |  | 7,877 |  |  | 7,923 |
Total capital expenditures | $ | 61,868 |  |  | $ | 108,117 |  |  | $ | 84,655 |
______________________________________________________________________
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 2019, the Company recognized a charge of €39.8 million ($45.6 million) for a fine imposed by the European Commission related to alleged violations of European Union competition rules by the Company. The Company paid the full amount of the fine during the first quarter of fiscal 2020.
3 | During each of the years presented, the Company recognized asset impairment charges related primarily to impairment of certain retail locations resulting from under-performance and expected store closures. During fiscal 2020, asset impairment charges also included impairment charges related to goodwill associated with the Company’s China retail reporting unit and impairment charges related to certain operating lease right-of-use assets. Refer to Note 5, Note 6 and Note 9 for further information.
4 | During fiscal 2019, the Company recorded net gain on lease terminations related primarily to the early termination of certain lease agreements in North America. 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. Refer to Note 1 for more information regarding the net gains (losses) on lease terminations.
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 1, 2020 |  | Feb 2, 2019 |  | Feb 3, 2018
Net product sales: |  |  |  |  |
U.S. | $ | 725,938 |  |  | $ | 722,794 |  |  | $ | 709,155 |
Italy | 298,124 |  |  | 304,435 |  |  | 289,981 |
Canada | 180,947 |  |  | 187,367 |  |  | 200,364 |
Spain | 152,782 |  |  | 145,819 |  |  | 124,569 |
South Korea | 144,955 |  |  | 162,943 |  |  | 163,382 |
France | 129,505 |  |  | 135,060 |  |  | 125,508 |
Other foreign countries | 960,011 |  |  | 868,082 |  |  | 678,040 |
Total product sales | 2,592,262 |  |  | 2,526,500 |  |  | 2,290,999 |
Net royalties | 85,847 |  |  | 83,194 |  |  | 72,755 |
Net revenue | $ | 2,678,109 |  |  | $ | 2,609,694 |  |  | $ | 2,363,754 |
The Company’s long-lived assets by geographic location are as follows:
| Feb 1, 2020 1 |  | Feb 2, 2019
Long-lived assets: |  |  |
U.S. | $ | 352,203 |  |  | $ | 111,022 |
Italy | 103,594 |  |  | 30,038 |
Canada | 43,258 |  |  | 13,225 |
Spain | 124,810 |  |  | 31,109 |
South Korea | 8,597 |  |  | 9,437 |
France | 40,869 |  |  | 18,182 |
Other foreign countries | 509,368 |  |  | 173,436 |
Total long-lived assets | $ | 1,182,699 |  |  | $ | 386,449 |
______________________________________________________________________ 1 During the first quarter of fiscal 2020, the Company adopted a comprehensive new lease standard which superseded previous lease guidance. The standard requires a lessee to recognize an asset related to the right to use the underlying asset and a liability that approximates the present value of the lease payments over the term of contracts that qualify as leases under the new guidance. As of February 1, 2020, the Company included operating right-of-use assets of $852.0 million in the disclosure of long-lived assets by geographic region. Refer to Note 2 and Note 9 for more information.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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