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Segment Information (Tables) | 12 Months Ended
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Jan. 29, 2022
Segment Reporting [Abstract] |
Summary of net revenue, earnings (loss) from operations and capital expenditures by segment | Segment information is summarized as follows (in thousands):
| Year Ended |  | Year Ended |  | Year Ended
| Jan 29, 2022 1 |  | Jan 30, 2021 1 |  | Feb 1, 2020 1
Net revenue: |  |  |  |  |
Americas Retail | $ | 759,117 |  |  | $ | 510,806 |  |  | $ | 811,547 |
Americas Wholesale | 201,202 |  |  | 117,607 |  |  | 186,389 |
Europe | 1,297,550 |  |  | 941,546 |  |  | 1,248,114 |
Asia 2 | 237,053 |  |  | 232,574 |  |  | 346,212 |
Licensing | 96,709 |  |  | 73,996 |  |  | 85,847 |
Total net revenue | $ | 2,591,631 |  |  | $ | 1,876,529 |  |  | $ | 2,678,109 |
Earnings (loss) from operations: |  |  |  |  |
Americas Retail | $ | 124,902 |  |  | $ | (15,776) |  |  | $ | 22,279 |
Americas Wholesale | 53,731 |  |  | 19,912 |  |  | 35,674 |
Europe | 174,860 |  |  | 66,790 |  |  | 134,078 |
Asia 2 | (4,114) |  |  | (20,758) |  |  | (8,894) |
Licensing | 88,136 |  |  | 67,938 |  |  | 74,459 |
Total segment earnings from operations | 437,515 |  |  | 118,106 |  |  | 257,596 |
Corporate overhead | (129,588) |  |  | (100,962) |  |  | (106,948) |
Asset impairment charges 3 | (3,149) |  |  | (80,442) |  |  | (9,977) |
Net gains on lease modifications 4 | 259 |  |  | 2,801 |  |  | — |
Total earnings (loss) from operations | $ | 305,037 |  |  | $ | (60,497) |  |  | $ | 140,671 |
Capital expenditures: |  |  |  |  |
Americas Retail | $ | 7,152 |  |  | $ | 3,052 |  |  | $ | 19,411 |
Americas Wholesale | 1,024 |  |  | 53 |  |  | 980 |
Europe | 47,034 |  |  | 12,631 |  |  | 33,036 |
Asia | 4,337 |  |  | 1,915 |  |  | 6,782 |
Corporate overhead | 3,974 |  |  | 1,225 |  |  | 1,659 |
Total capital expenditures | $ | 63,521 |  |  | $ | 18,876 |  |  | $ | 61,868 |
______________________________________________________________________ 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 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 2022 and 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 and expected store closures. During fiscal 2020, 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 Notes 5 and Note 9 for further information. 4 During fiscal 2022 and fiscal 2021, 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.
Summary of net revenue and long-lived assets by country | The 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 as follows (in thousands):
| Year Ended |  | Year Ended |  | Year Ended
| Jan 29, 2022 |  | Jan 30, 2021 |  | Feb 1, 2020
Net product sales: |  |  |  |  |
U.S. | $ | 722,610 |  |  | $ | 461,555 |  |  | $ | 725,938 |
Italy | 265,106 |  |  | 182,115 |  |  | 298,124 |
Germany | 189,083 |  |  | 138,762 |  |  | 126,740 |
Canada | 150,339 |  |  | 104,432 |  |  | 180,947 |
Spain | 137,037 |  |  | 97,032 |  |  | 152,782 |
South Korea | 126,563 |  |  | 120,703 |  |  | 144,955 |
Other foreign countries | 904,184 |  |  | 697,934 |  |  | 962,776 |
Total product sales | 2,494,922 |  |  | 1,802,533 |  |  | 2,592,262 |
Net royalties | 96,709 |  |  | 73,996 |  |  | 85,847 |
Net revenue | $ | 2,591,631 |  |  | $ | 1,876,529 |  |  | $ | 2,678,109 |
The Company’s long-lived assets by geographic location are as follows (in thousands):
| Jan 29, 2022 |  | Jan 30, 2021
Long-lived assets: |  |  |
U.S. | $ | 256,685 |  |  | $ | 312,346 |
Italy | 115,356 |  |  | 114,021 |
Germany | 38,757 |  |  | 29,112 |
Canada | 23,994 |  |  | 30,024 |
Spain | 121,392 |  |  | 125,655 |
South Korea | 8,440 |  |  | 10,491 |
Other foreign countries | 412,478 |  |  | 409,167 |
Total long-lived assets | $ | 977,102 |  |  | $ | 1,030,816 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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