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Segment Information | 12 Months Ended
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Feb. 03, 2024
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 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
| Feb 3, 2024 1 |  | Jan 28, 2023 1 |  | Jan 29, 2022 1
Net revenue: |  |  |  |  |
Europe | $ | 1,475,604 |  |  | $ | 1,380,790 |  |  | $ | 1,297,550 |
Americas Retail | 710,908 |  |  | 758,100 |  |  | 759,117 |
Americas Wholesale | 199,903 |  |  | 206,208 |  |  | 201,202 |
Asia | 276,867 |  |  | 238,815 |  |  | 237,053 |
Licensing | 113,248 |  |  | 103,437 |  |  | 96,709 |
Total net revenue | $ | 2,776,530 |  |  | $ | 2,687,350 |  |  | $ | 2,591,631 |
Earnings (loss) from operations: |  |  |  |  |
Europe | $ | 171,726 |  |  | $ | 159,629 |  |  | $ | 174,860 |
Americas Retail | 56,829 |  |  | 87,184 |  |  | 124,902 |
Americas Wholesale | 54,403 |  |  | 46,266 |  |  | 53,731 |
Asia | 7,897 |  |  | (4,811) |  |  | (4,114) |
Licensing | 105,649 |  |  | 92,117 |  |  | 88,136 |
Total segment earnings from operations | 396,504 |  |  | 380,385 |  |  | 437,515 |
Corporate overhead | (128,002) |  |  | (124,935) |  |  | (129,588) |
Asset impairment charges 2 | (6,887) |  |  | (9,544) |  |  | (3,149) |
Net gains on lease modifications 3 | 1,662 |  |  | 2,267 |  |  | 259 |
Total earnings from operations | $ | 263,277 |  |  | $ | 248,173 |  |  | $ | 305,037 |
Capital expenditures: |  |  |  |  |
Europe | $ | 38,153 |  |  | $ | 51,265 |  |  | $ | 47,034 |
Americas Retail | 20,429 |  |  | 23,149 |  |  | 7,152 |
Americas Wholesale | 600 |  |  | 4,039 |  |  | 1,024 |
Asia | 4,616 |  |  | 3,932 |  |  | 4,337 |
Corporate overhead | 10,409 |  |  | 7,118 |  |  | 3,974 |
Total capital expenditures | $ | 74,207 |  |  | $ | 89,503 |  |  | $ | 63,521 |
______________________________________________________________________ 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 2024 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2024. 2 During fiscal 2024, fiscal 2023 and fiscal 2022, the Company recognized asset impairment charges related primarily to impairment of property and equipment for certain retail locations resulting from under-performance and expected store closures. Refer to Note 5 for further information. 3 During fiscal 2024, fiscal 2023 and fiscal 2022, 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 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
| Feb 3, 2024 |  | Jan 28, 2023 |  | Jan 29, 2022
Net product sales: |  |  |  |  |
U.S. | $ | 617,009 |  |  | $ | 673,868 |  |  | $ | 722,610 |
Italy | 312,908 |  |  | 289,170 |  |  | 265,106 |
Germany | 198,664 |  |  | 187,888 |  |  | 189,083 |
South Korea | 171,819 |  |  | 140,449 |  |  | 126,563 |
Spain | 161,377 |  |  | 150,045 |  |  | 137,037 |
Canada | 158,521 |  |  | 175,485 |  |  | 150,339 |
Other foreign countries | 1,042,984 |  |  | 967,008 |  |  | 904,184 |
Total product sales | 2,663,282 |  |  | 2,583,913 |  |  | 2,494,922 |
Net royalties | 113,248 |  |  | 103,437 |  |  | 96,709 |
Net revenue | $ | 2,776,530 |  |  | $ | 2,687,350 |  |  | $ | 2,591,631 |
The Company’s long-lived assets by geographic location are as follows (in thousands):
| Feb 3, 2024 |  | Jan 28, 2023
Long-lived assets: |  |  |
U.S. | $ | 259,055 |  |  | $ | 232,061 |
Italy | 138,572 |  |  | 140,261 |
Germany | 46,562 |  |  | 48,095 |
South Korea | 14,998 |  |  | 8,174 |
Spain | 104,552 |  |  | 107,859 |
Canada | 28,606 |  |  | 17,315 |
Other foreign countries | 380,452 |  |  | 378,471 |
Total long-lived assets | $ | 972,797 |  |  | $ | 932,236 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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