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Segment Information | 12 Months Ended
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Jan. 30, 2021
Segment Reporting [Abstract] |
Segment Information | Segment InformationThe 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 modifications, restructuring charges and certain non-recurring credits (charges), if any. Corporate overhead, asset impairment charges, net gains (losses) from lease modifications, 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
| Jan 30, 2021 1 |  | Feb 1, 2020 1 |  | Feb 2, 2019 1
Net revenue: |  |  |  |  |
Americas Retail | $ | 510,806 |  |  | $ | 811,547 |  |  | $ | 824,674 |
Americas Wholesale | 117,607 |  |  | 186,389 |  |  | 170,812 |
Europe | 941,546 |  |  | 1,248,114 |  |  | 1,142,768 |
Asia 2 | 232,574 |  |  | 346,212 |  |  | 388,246 |
Licensing | 73,996 |  |  | 85,847 |  |  | 83,194 |
Total net revenue | $ | 1,876,529 |  |  | $ | 2,678,109 |  |  | $ | 2,609,694 |
Earnings (loss) from operations: |  |  |  |  |
Americas Retail | $ | (15,776) |  |  | $ | 22,279 |  |  | $ | 27,532 |
Americas Wholesale | 19,912 |  |  | 35,674 |  |  | 29,935 |
Europe | 66,790 |  |  | 134,078 |  |  | 58,298 |
Asia 2 | (20,758) |  |  | (8,894) |  |  | 12,365 |
Licensing | 67,938 |  |  | 74,459 |  |  | 72,986 |
Total segment earnings from operations | 118,106 |  |  | 257,596 |  |  | 201,116 |
Corporate overhead | (100,962) |  |  | (106,948) |  |  | (96,805) |
European Commission fine 3 | — |  |  | — |  |  | (45,637) |
Asset impairment charges 4 | (80,442) |  |  | (9,977) |  |  | (6,939) |
Net gains on lease modifications 5 | 2,801 |  |  | — |  |  | 477 |
Total earnings (loss) from operations | $ | (60,497) |  |  | $ | 140,671 |  |  | $ | 52,212 |
Capital expenditures: |  |  |  |  |
Americas Retail | $ | 3,052 |  |  | $ | 19,411 |  |  | $ | 19,614 |
Americas Wholesale | 53 |  |  | 980 |  |  | 376 |
Europe | 12,631 |  |  | 33,036 |  |  | 56,792 |
Asia | 1,915 |  |  | 6,782 |  |  | 23,458 |
Corporate overhead | 1,225 |  |  | 1,659 |  |  | 7,877 |
Total capital expenditures | $ | 18,876 |  |  | $ | 61,868 |  |  | $ | 108,117 |
______________________________________________________________________ 1 The Company operates on a 52-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. 2 Within Asia, the Company recorded a loss from operations in China during fiscal year 2021, which included approximately $12 million for inventory obsolescence, as well as additional reserves for returns and markdowns, primarily due to the COVID-19 pandemic. 3 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. 4 During fiscal 2021, the Company recognized asset impairment charges related primarily to the impairment of certain operating lease ROU assets and impairment of property and equipment related to certain retail stores resulting from lower revenue and future cash flow projections from the ongoing effects of the COVID-19 pandemic. During fiscal 2020 and fiscal 2019, the Company recognized asset impairment charges related primarily to impairment of property and equipment related to certain retail locations resulting from under-performance and expected store closures. Refer to Note 5 and Note 9 for further information. 5 During fiscal 2021 and fiscal 2019, the Company recorded net gains on lease modifications related primarily to the early termination of certain lease agreements. Refer to Note 1 for more information regarding the net gains on lease modifications. 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
| Jan 30, 2021 |  | Feb 1, 2020 |  | Feb 2, 2019
Net product sales: |  |  |  |  |
U.S. | $ | 461,555 |  |  | $ | 725,938 |  |  | $ | 722,794 |
Italy | 182,115 |  |  | 298,124 |  |  | 304,435 |
Germany | 138,762 |  |  | 126,740 |  |  | 98,532 |
South Korea | 120,703 |  |  | 144,955 |  |  | 162,943 |
Canada | 104,432 |  |  | 180,947 |  |  | 187,367 |
France | 97,319 |  |  | 129,505 |  |  | 135,060 |
Spain | 97,032 |  |  | 152,782 |  |  | 145,819 |
Other foreign countries | 600,615 |  |  | 833,271 |  |  | 769,550 |
Total product sales | 1,802,533 |  |  | 2,592,262 |  |  | 2,526,500 |
Net royalties | 73,996 |  |  | 85,847 |  |  | 83,194 |
Net revenue | $ | 1,876,529 |  |  | $ | 2,678,109 |  |  | $ | 2,609,694 |
The Company’s long-lived assets by geographic location are as follows:
| Jan 30, 2021 |  | Feb 1, 2020
Long-lived assets: |  |  |
U.S. | $ | 312,346 |  |  | $ | 352,203 |
Italy | 114,021 |  |  | 103,594 |
Germany | 29,112 |  |  | 33,781 |
South Korea | 10,491 |  |  | 8,597 |
Canada | 30,024 |  |  | 43,258 |
France | 31,348 |  |  | 40,869 |
Spain | 125,655 |  |  | 124,810 |
Other foreign countries | 377,819 |  |  | 475,587 |
Total long-lived assets | $ | 1,030,816 |  |  | $ | 1,182,699 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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